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Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now.
Chapter 2: What impact is the snowstorm having on travel in the Northeast?
I'm Karen Moscow. We begin with the powerful snowstorm that's pounding the northeast and Bloomberg meteorologist Rob Carolyn is tracking it. Rob, what's the latest?
Heavy snow will continue to affect the northeastern United States as low pressure continues to intensify rapidly south of Rhode Island. This system will move southeast of Nantucket later today. Blizzard warnings remain in effect from the New York City area all the way on up into eastern New England. We've already seen some places receive over a foot of snow.
We've also seen some coastal locations from Cape Cod to Long Island gust over 60 miles an hour. That's going to produce near zero visibility, and it looks like the storm will slowly wind down as we head into the afternoon and evening hours of tonight. I'm Rob Carroll in Bloomberg Radio.
Chapter 3: How is the blizzard affecting New York City's emergency response?
All right, Rob, thank you. Well, the storm is already having a major impact in New York City and in the skies across the East Coast. And Bloomberg's John Tucker joins us with that angle. John.
Blizzard of 26 has pushed the region into a state of emergency. It's already a second major storm to test the newly minted mayor, Zoran Mamdani.
New Yorkers can expect that Monday morning commute will be extremely hazardous, with heavy snowfall and peak winds coinciding to create slippery conditions and greatly reduced visibility.
Mamdani announcing highways, bridges, and streets into New York are closed until noon today. The only ones happy about this, school kids. Mamdani called one kid yesterday to break the news.
Hi, Victoria. Hi. So I thought as the mayor, I wanted to call you and give you some news. We've got a full snow day tomorrow. No online school. Yes. No remote learning. Full classic snow day.
It's a scream of joy, by the way. The subway system operating with local service while Metro North Railroad running on a weekend schedule. The service on the Long Island Railroad, that's suspended. New Jersey Transit, train, bus, light rail, and access link service suspended. 105,000 customers without power in New Jersey. Another 18,000 on Long Island, according to PowerOutage.com.
And over 10,000 flights into and around the U.S.
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Chapter 4: What are the implications of the Supreme Court ruling on trade policy?
canceled through tomorrow morning. most of them originating or terminating in New York, Boston, and Philadelphia. In New York, I'm John Tucker, Bloomberg Radio.
All right, John, thank you. Well, we turn to news out of Washington now, where President Trump's trade policy has been upended by the Supreme Court. The White House is telling global partners to stick to their trade deals struck in recent months, despite the Supreme Court ruling.
Treasury Secretary Scott Besson said the president will be able to keep revenues flowing through a 15 percent global tariff under Section 122 of the Trade Act.
We've been in contact with our foreign trading partners, and they like the tariff deals, so they're not going to be changed. And the president remains undeterred in his determination to lower our trade deficit and bring manufacturing back to the U.S.
Treasury Secretary Besant was on Fox Sunday Morning Future. Section 122 allows presidents to impose tariffs for up to 150 days to address, quote, large and serious U.S. balance of payments deficits. Many economists say the U.S. does not face that issue. Europe is also weighing in on the tariff ruling. The EU now freezing approval of its trade deal with the U.S. India is doing the same.
ECB President Christine Lagarde says it's important to have clarity.
It's a bit like driving. You want to know the rules of the road before you get in the car.
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Chapter 5: How is the U.S. addressing its trade deficit with global tariffs?
It's the same with trade.
Christine Lagarde appeared on CBS's Face the Nation, heard Sundays on Bloomberg Radio. Right now, the U.K. could be the biggest loser from President Trump's 15 percent global tariff and negotiated a 10 percent rate under its recent trade deal. China, India and Brazil are likely to be the biggest winners. Now we turn to the latest developments in the Middle East. The U.S.
and Iran are set to resume nuclear talks in Geneva on Thursday. Talks come in the face of a U.S. military buildup in the region. We get more with Bloomberg's Jumana Bersetchi in Dubai.
So far, the U.S. have been pushing for a zero enrichment policy on uranium. The Iranians have said that it is their right under the NPT, the Non-Proliferation Treaty, to allow for a little bit of enrichment for civilian purposes and even for medical purposes as well. So it remains to be seen whether there is going to be some flexibility on the U.S. 's part.
Bloomberg's Germana Bersetchi reports Iran said the Islamic Republic will not be pressured by the U.S. military buildup in the Middle East. School canceled in several Mexican states and local and foreign governments alike are warning their citizens to stay inside following the army's killing of the leader of the Jalisco New Generation cartel. President Claudia Sheinbaum urged calm.
The White House confirmed U.S. intelligence support in the operation and applauded Mexico's army for taking down one of the most wanted criminals in both countries. Rob Reiner's son, Nick Reiner, set to enter a plea in the killings of his parents after weeks of legal drama and delays.
Prosecutors bring him back to a downtown Los Angeles courtroom today for a raiment on two first-degree murder counts. He now has public defender Kimberly Green after private lawyer Alan Jackson quit in January.
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Chapter 6: What are the latest developments in U.S.-Iran nuclear talks?
Gilead Sciences has agreed to buy biotech company R-Selects in a deal worth up to $7.8 billion, and Veris Residential will be acquired by an investor consortium led by Affinius Capital in a partnership with Vistahill Partners in an all-cash transaction for $19 a share.
Novo Nordisk's next-generation obesity shot delivering less weight loss than Eli Lilly's rival Blockbuster is yet another blow to the Danish company's attempts to regain lost ground in the weight loss market. And the Olympic flames out in Milan and Cortina. Team USA ended the Winter Games second in the overall medal count with 33 including 12 gold.
Norway led all nations with 18 gold medals and 41 in all. Futures this morning are lower as uncertainty over U.S. trade policy clouds sentiment. The dollar is recouping losses. Precious metals are advancing. S&P futures down 0.5 percent. So are Dow futures. Nasdaq futures down 0.6 percent. Ten-year Treasury yield 4.07 percent. That's news when you want it with Bloomberg News Now.
I'm Karen Moscow and this is Bloomberg.
Chapter 7: How is the military situation in the Middle East evolving?
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth. The news doesn't stop on the weekends.
Context changes constantly. And now Bloomberg is the place to stay on top of it all.
Hi, I'm David Gurra. Join us every Saturday and Sunday for the new Bloomberg This Weekend.
I'm Christina Ruffini.
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Chapter 8: What recent corporate acquisitions are making headlines?
We'll bring you the latest headlines, in-depth analysis, and big interviews. All the stories that hit home on your days off. And I'm Lisa Mateo. Watch and listen to Bloomberg This Weekend for thoughtful, enlightening conversations about business, lifestyle, people, and culture.
On Saturday mornings, we put the past week's events into context, examining what happened in the markets and the world.
Then on Sundays, we speak with journalists, columnists, and key political figures to prepare you for the week ahead. Join us as soon as you wake up and bring us with you wherever your weekend plans take you.
Watch us on Bloomberg Television, listen on Bloomberg Radio, stream the show live on the Bloomberg Business app, or listen to the podcast.
That's Bloomberg This Weekend, Saturdays and Sundays starting at 7 a.m. Eastern on February 28th. Make us part of your weekend routine on Bloomberg Television, radio, and wherever you get your podcasts.
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