Government Shutdown Ends, New Iran Negotiations, More
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The UK stands apart as a place to do business, not because of one advantage, but many working together. Over 10 trillion pounds 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 after just four days, the partial government shutdown is over. President Trump has signed his deal with Senate Democrats to reopen the government with less than two weeks of funding for the Department of Homeland Security. That's to allow for more time to negotiate on Democrats demands on new limits on immigration enforcement. President Trump says the new law won't stop his immigration agenda.
It continues to fund immigration. deportation flights that are removing dangerous illegal aliens from our country. It continues historically successful efforts to reduce crime in our nation's capital. We have a very safe city right now.
That was President Trump at the Oval Office bill signing heard live on Bloomberg Radio. Bloomberg's Eric Wasson reports lawmakers now have just nine days to come to an agreement on how to rein in ICE agents.
Democrats have a long list of demands, including judicial warrants and taking masks off that Republicans are really not willing to entertain. And it's just very hard. The House would have to pass this very early next week for the Senate in order to take it up and get it done by February 13th. I don't see that happening.
Bloomberg's Eric Wasson reports if they don't reach a deal by next Friday, FEMA and TSA employees could start to miss paychecks. ICE and Border Patrol would continue to receive funds under President Trump's one big, beautiful tax and spending cut law.
Well, Nathan, let's turn to geopolitics. Bloomberg News has learned Iran is asking the U.S. to move diplomatic talks this Friday from Turkey to Oman. Sources say Tehran wants the talks to focus only on Iran's nuclear activities and not its support for proxy militias in the Middle East and its ballistic missiles. President Trump has threatened to strike Iran if it does not agree to a deal which his administration has signaled must include Iran's missiles and militia support.
Back in Washington, Karen, the dates are set for Bill and Hillary Clinton to testify about their ties to Jeffrey Epstein. The House Oversight Committee says the former president will appear before the panel February 27th. The former secretary of state will testify the day before, February 26th. The full House had planned to hold a criminal contempt vote against the Clintons if they continue to defy subpoenas. President Trump commented on it in the Oval Office.
So that takes care of Epstein as far as Trump is concerned. But you got a lot of Democrats out there that are very much involved with Epstein.
What led to the recent government shutdown and its resolution?
But I'll be honest with you, you got to get back to running the country.
President Trump again speaking in the Oval Office. The Oversight Committee says the Clintons have agreed to appear for transcribed filmed depositions behind closed doors. The Clintons' attorneys say they want the hearings open to the public to address their concerns about fairness.
Nathan, let's turn to the markets now and futures are higher this morning. Gold is nearing $5,100 an ounce and yesterday tech stocks fell led by the recent sell-off led by software stocks. Bloomberg's John Tucker joins us with the very latest. John, good morning.
And good morning, Karen. The theme that's gripped investors is that AI is going to be able to do much of the stuff that software companies can do, making their products far less important. That was kind of reinforced when AI firm Anthropic released an AI tool that does legal work. It looks like a case of sell now, ask questions later. And to that, the fact that investors growing impatient about returns from all the CapEx spending.
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