Bondi-Dems Spar in Hearing, Trump-Netanyahu Meeting, More
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News when you want it with Bloomberg News Now, I'm Doug Krisner. Attorney General Pam Bondi was in the hot seat today before the House Judiciary Committee, and she was reprimanded by Democrats for using the DOJ to target enemies of President Trump. Bondi was also criticized for her handling of the Epstein files, including the many redactions made. Here is an exchange between Bondi and New York Congressman Jerry Nadler.
How many perpetrators are you even investigating?
First, you showed it. How many have you indicted? Excuse me. I'm going to answer the question.
Answer my question.
No, I'm going to answer the question the way I want to answer the question.
No, you're going to answer the question the way I asked it.
Chairman Jordan, I'm not going to get in the gutter with these people, but I'm going to answer the question. How many have you indicted?
Now, Bondi also faced questions on President Trump's immigration crackdown, as well as the DOJ's attempt to gather voter data from various states. Columbia University said today it admitted a student to its dental school through an irregular process that coincided with fundraising solicitations to Jeffrey Epstein. Messages about the admission were revealed in emails and documents released earlier by the DOJ. Now, Columbia said the communications captured in the files do not meet the school's standards for integrity and independence in admissions. And the university said the people who were involved in the fundraising discussions have been removed from administrative and volunteer leadership roles.
President Trump and Israeli Prime Minister Benjamin Netanyahu met today in Washington. Trump said he spoke about his intention to press ahead on talks with Iran. Trump also said his preference was to reach a deal with the Islamic Republic despite reservations from the Israeli leader. Netanyahu is pushing for limits on Iran's ballistic missile program and its support for militant groups. Here is Bloomberg's Catherine Lucey.
It's clear from the president that he is saying that this was a good meeting, but that he wants to continue talks to see if he can reach some kind of deal with Iran. And I think we know from talking to folks around the prime minister and from our reporting there that there is concern on that side about what such a deal could look like. And that's, I think, certainly part of the reason he was here. There's concern about what kind of deal President Trump might agree to, what the scope of that would be.
What criticisms did Attorney General Pam Bondi face during the hearing?
But clearly nothing decided today.
That is Bloomberg's Catherine Lucy. Meantime, the Pentagon has reportedly told a second aircraft carrier strike group to prepare to deploy to the Middle East as the U.S. readies for a potential attack on Iran. The Wall Street Journal reports President Trump was weighing a second carrier strike if negotiations were to fail. Now, the deployment of a second carrier would mark the first time there have been two carriers in the region. in nearly a year. We move to business news next after the Bell Cisco Systems reported quarterly results above estimates. However, the company gave a weaker than expected forecast for profitability in the current quarter. Here is Bloomberg analyst Woo Chin Ho.
First of all, is the gross margin results and the EPS guide, right? You're not getting the EPS bump relative to the revenue growth. So what it tells me is that the DRAM price spikes are or the component issues are also continuing to hit Cisco.
That is Bloomberg analyst Wu Jin-ho. Shares in Cisco down by more than 7% in late U.S. trading. McDonald's reported U.S. sales grew at the fastest pace in more than two years during the fourth quarter. Value meals continue to resonate with cost-conscious diners.
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