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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. I'm Nathan Hager. Attorney General Pam Bondi is facing questions for the first time since October about her agency's handling of the Jeffrey Epstein files. This hearing before the House Judiciary Committee has already turned contentious. Here's Democratic Congresswoman Pramila Jayapal.
Donald Trump made the release of the Epstein files the center of his political campaign because he thought it would benefit him. Then you got into office, Attorney General. claimed to have a client list, only to then say that there was no list.
Attorney General Pam Bondi accused Congresswoman Jayapal of engaging in theatrics for asking if she would apologize to Epstein victims in the audience. Democrats are also accusing Bondi of using the Justice Department to target President Donald Trump's political enemies. Right now, President Trump is meeting with Israeli Prime Minister Benjamin Netanyahu at the White House.
Bloomberg's Tyler Kendall is there.
This is Israeli Prime Minister Benjamin Netanyahu's seventh visit to the White House under President Trump's second term. And it is our understanding that he is here today with the main mission being that he wants to talk to the president about the U.S.-Iran negotiations.
There is reporting that he is set to introduce some new military intelligence regarding Iran's military capabilities to the president as these talks continue.
Bloomberg's Tyler Kendall reporting over protest at the White House. Ahead of the meeting, Netanyahu's office posted on X that he met with Secretary of State Marco Rubio and signed on to President Trump's Board of Peace. The Federal Aviation Administration has lifted an airspace closure over El Paso, Texas.
Transportation Secretary Sean Duffy posted on X that the agency and the Pentagon neutralized a threat from Mexican cartel drones. Last night, the FAA said flights in and out of El Paso would be grounded for 10 days due to unspecified special security reasons. More from Bloomberg's Sid Phillips.
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Chapter 2: What are the latest developments regarding Attorney General Pam Bondi and the Epstein files?
Trump asking about leaving this agreement doesn't actually mean that he will. Trump very much believes in leverage and having Canada feel like the U.S. might have one foot out the door could allow for the U.S., to push for more favorable terms, both from Canada as well as Mexico, which ultimately is what Trump wants to do when he's seeking any sort of deal.
Bloomberg's Lauren Dozenski in the nation's capital. Canadian Prime Minister Mark Carney is postponing his trip to the Munich Security Conference after a tragedy in his country. Parents, grandparents, sisters, brothers in Tumblr Ridge will wake up. without someone they love. Prime Minister Carney says he is devastated after a mass shooting in Tumbler Ridge.
That's nearly 500 miles northeast of Vancouver near the Alberta line. Ten people were killed, including the suspected shooter and an apparent suicide inside a school. Twenty-five others were wounded. It's Canada's deadliest mass shooting since 2020. Carney has ordered flags lowered to half staff. On Wall Street, stocks are mixed after a big upside surprise from the January jobs report.
130,000 new positions added in the month, twice as many as economists expected. The unemployment rate fell to 4.3 percent. White House economic advisor Kevin Hassett says there's room for the Fed to cut interest rates.
The best labor force participation that we've had since 2001. the lowest share of federal government employees that are working since 1966. Everything is hitting on all cylinders, and the deficit is going down because of the tariffs.
National Economic Council Director Kevin Hassett. The Congressional Budget Office disagrees with that, though. The nonpartisan watchdog raised its deficit forecast by $1.4 trillion to $4.7 trillion over a decade, in part because of President Trump's tax and spending cut law. CBO says tariff revenue will cut the deficit by only $3 trillion. The AI disruption trade is back on Wall Street.
We're watching shares of Charles Schwab. They are down nearly 3 percent following a more than 7 percent plunge yesterday when an AI startup announced a new tax prep tool. Schwab CEO Rick Worcester says AI and humans can work together.
For us, AI is a real accelerant. So it was puzzling to see our stock sell off related to AI because we're benefiting from it in multiple ways and bringing it to our clients.
Schwab CEO Rick Worcester was a guest on Bloomberg Surveillance. You can catch the full conversation on the new Bloomberg Video Hub at Bloomberg.com slash video. Right now, tech shares are leading declines. The Nasdaq Composite's down four-tenths of one percent. The Dow Jones Industrial Average is a tenth of one percent lower. The S&P 500 is fluctuating between gains and losses.
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Chapter 3: What was the context of Trump's meeting with Netanyahu?
This is Bloomberg.
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. Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
And from London, I'm looking at what all that means for markets, money and the wider economy.
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