Fmr Olympian, FBI Most-Wanted Arrested, Sweeping Winter Storm, More

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Karen Moskow 0:00
Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.
Nathan Hager 0:08
And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations.
Karen Moskow 0:21
Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.
Nathan Hager 0:28
Find us on Apple, Spotify, or anywhere you listen.
Amy Morris 0:33
News when you want it with Bloomberg News Now. I'm Amy Morris. Ryan Wedding, a former Canadian Olympic snowboarder, has been arrested in Mexico. Wedding is accused of running a drug trafficking operation and orchestrating several killings to further the drug crimes and was on the FBI's 10 most wanted fugitives list. He's being transported to the U.S. after being caught last night in Mexico, where authorities believe he had been hiding for more than a decade. Much of the U.S. remains on alert for winter storm conditions that could last for days, disrupting travel and threatening blackouts. At least 170 million people are in the areas likely to be impacted, with the storm expected to bring a mix of freezing rain and snow with heavy ice accumulations.
Amy Morris 1:16
Bloomberg meteorologist Rob Carroll tells us the storm starts today in the southwestern U.S., and that's where it picks up speed.
Unknown 1:23
And then it spreads quickly off towards the east. We're going to see it moving into the mid-Atlantic states by late in the day tomorrow. It's into the New York City area by early Sunday morning and then into Boston Sunday afternoon.
Amy Morris 1:35
And while many areas will see snow, forecasters warn you need to also prepare for ice, which makes travel hazardous and increases the risk for power outages in sub-freezing temperatures. Prices for electricity and natural gas have surged this week ahead of the storm and remain elevated. Natural gas right now nearly 2 percent higher. Chinese officials have told the country's largest tech firms, including Alibaba Group, they can prepare orders for NVIDIA's H200 AI chips, which suggests Beijing is close to formally approving imports of components essential to running AI. We get more with Bloomberg's Isabel Lee.
Isabel Lee 2:10
The government is obviously prioritizing the needs of major Chinese hyperscalers. But what does this mean for NVIDIA? It's definitely a major win because NVIDIA has been angling for years to resume business with the world's largest semiconductor. We have CEO Jensen Huang saying that the AI chip segment alone could generate $50 billion in the coming years. So that's definitely an eye-popping number.
Amy Morris 2:31
Bloomberg's Isabel Lee, NVIDIA shares right now about 1.4% higher. Intel shares have fallen now 17% after CEO Lipu Ten gave lackluster forecasts and warned that the chipmaker is struggling with manufacturing problems. The company spent years trying to restore its technological edge and recover from market share losses.

What recent event involved a former Olympian and the FBI?

Amy Morris 2:51
Intel's first quarter projections for revenue and earnings both fell well short of Wall Street estimates. While NVIDIA is on the rise and Intel continues to sink, the S&P could see its first back-to-back weekly drop since June as traders shift their focus to the last few economic reports in the run-up to the Fed decision. We check the markets for you all day long here at Bloomberg. The S&P 500 down 0.1%, NASDAQ up 0.2% and the Dow down 0.8%. The 10-year Treasury yield at 4.26% and the 2-year yield at 3.6%. Silver topped $100 an ounce for the first time, extending a rally built on surging demand for haven assets. Silver now nearly 5% higher. The University of Michigan's final sentiment index for January hit a five-month high.
Amy Morris 3:36
Bloomberg's Michael McKee reports Americans' views on the economy and their finances are improving.
Mike McKee 3:41
And we see an improvement in the inflation outlook. The one year now down to 4% from 4.2% and the 5 to 10 at 3.3 down from 3.4. So some good news there.
Amy Morris 3:53
Bloomberg's Mike McKee. A federal judge says the Trump administration must keep federal funds flowing to child care subsidies and other social service programs in five Democratic-controlled states for now.

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