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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.
And I'm Karen Moscow.
Karen, we begin in Washington where the Justice Department is facing new pressure to release more information about its investigation into Jeffrey Epstein. The lawmakers who sponsored the bill to compel the agency to unseal its documents were able to review the unredacted files. Republican Thomas Massey says what he saw could lead to more criminal prosecutions.
The user interface is a little clunky at first, but what I saw that bothered me were the names of at least six men that have been redacted that are likely incriminated by their inclusion in these files. Republican Thomas Massey was joined by Democrat Ro Khanna. He described those six men as, quote, very powerful people who raped these underage girls.
Meanwhile, on Capitol Hill, Jeffrey Epstein's convicted former girlfriend, Ghislaine Maxwell, appeared for a video deposition before the House Oversight Committee. At any point during your personal relationship with Jeffrey Epstein, were you aware that Mr. Epstein was sexually abusing minors and adult women?
I would like to answer your question, but on the advice of counsel, I respectfully decline to answer this question and any related questions.
Ghislaine Maxwell repeatedly invoked the Fifth Amendment during the five-minute hearing. It led the Oversight Panel's top Democrat, Robert Garcia, to ask, who is she protecting?
Nathan, let's go to Arizona now, where the investigation into the disappearance of Today Show co-host Savannah Guthrie's mother, Nancy, has entered this second week. A ransom deadline set by the 84-year-old's purported abductors apparently passed last night. Savannah Guthrie released a video saying her family is at an hour of desperation.
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Chapter 2: What new developments are emerging in the Jeffrey Epstein investigation?
The PLP, the Parliamentary Labour Party, are not yet open to the idea of getting rid of the man in the top job. Many cabinet ministers told Bloomberg on the record yesterday that they are backing Prime Minister Keir Starmer. But privately, many think... There will be leadership challenges on the horizon. They aren't ready yet, is what they tell us.
Economic data, though, is starting to improve in the UK, but political attention is less on the numbers and more on the dates. A special election in two weeks and a local election in May, which are now seen as the next crisis point. In London, James Woolcock, Bloomberg Radio.
All right, James, thank you. Let's turn to the economy now. President Trump said his pick to leave the Fed, Kevin Warsh, can get the U.S. economy to a growth at a rate of 15 percent. And the president spoke to Fox Business.
If our new head of the Fed, who I think is going to be great, and he's a really high-quality person, but if he does the job that he's capable, we can grow at 15 percent. I think more than that.
And President Trump, speaking at an interview with Fox Business, said Warsh was the runner-up in his last search and that it was a big mistake to pick Fed Chair Jerome Powell.
Looking at the markets now, Karen, trading begins this morning with stocks at or near record highs. Chip companies have done some of the heavy lifting. Let's get more this morning from Bloomberg's John Tucker. John.
And Nathan, the Dow finished at a record yesterday. The S&P 500, that drove to within a few points of its record. and two of the strongest forces pushing up the S&P 500 were Nvidia, up 2.4%, and Broadcom, up 3.3%, beneficiaries of all that CapEx spending.
But always lingering in the background, worries about whether all the huge spending on AI is going to produce enough profit to make the investments worth it. Andrew Sliman at Morgan Stanley marvels at how investors seem to climb the wall of worry.
I think the biggest risk is we go into a kind of a real blow-off stage, and every time I start to worry about it, you know, the market sells correct. So I think that's a healthy thing, and that's why I don't think we're end of cycle.
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Chapter 3: How did Ghislaine Maxwell respond during her video deposition?
It happened in the third quarter. It started... Between Jalen Duren and the Pistons and Moussa Diabate of the Hornets, Isaiah Stewart of the Pistons left the bench. Four players were ejected. That's your Bloomberg Sports Update.
Thanks, John. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow.
I'm Nathan Hager. And 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.
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