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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.
Chapter 2: What are the recent changes in immigration enforcement in Minneapolis?
I'm Nathan Hager. The immigration enforcement surge in Minneapolis is easing a bit. White House Borders R. Tom Homan says he will remove 700 ICE and Border Patrol agents effective immediately. Homan says it's thanks to greater cooperation from local authorities in detaining immigrants with criminal records.
More officers taking custody of criminal aliens directly from the jails means less officers on the street doing criminal operations.
Chapter 3: What did President Trump discuss during his call with Xi Jinping?
This is smart law enforcement, not less law enforcement. It's safer for the community, safer for the officers. and safer for the alien. White House border czar Tom Homan says it still leaves about 2,000 federal agents in Minnesota, still well more than the 150 or so that are typically assigned to the state. President Trump had a phone call this morning with Chinese President Xi Jinping.
A source confirmed that to Bloomberg News after China's Xinhua first reported it. The president just posted details about the call on X, saying they discussed trade, the military, and Taiwan. He says China may boost its agricultural purchases ahead of his trip to China in April. Vice President J.D.
Vance is pitching about 50 countries on forming a critical minerals alliance to reduce dependence on China.
Chapter 4: How is the U.S. planning to reduce dependence on China for critical minerals?
Together, we want members to form a trading bloc among allies and partners, one that guarantees American access to American industrial might while also expanding production across the entire zone. Vice President J.D. Vance spoke at a State Department summit on critical minerals. He says the U.S. is seeking a coordinated agreement on price floors to shield companies from China flooding the market.
The European Parliament has agreed to restart ratification of a frozen trade deal with the U.S. That's after President Trump walked back his threats on seizing Greenland. The head of the European Parliament's Trade Committee posted on X that a vote on the trade deal could take place on February 24th.
Fulton County, Georgia, has filed a motion in federal court for the FBI to return all the documents it seized last week on the 2020 election. The motion also asks to unseal a law enforcement agent's sworn statement to the judge who signed off on the warrant.
Chapter 5: What impact do layoffs at The Washington Post have on journalism?
President Trump has long claimed without evidence that widespread voter fraud in Fulton County cost him Georgia in 2020. A huge axe is falling at one of the biggest names in journalism. The Washington Post is laying off about a third of its newsroom staff. That includes its entire sports division, as well as a number of reporters who are stationed overseas.
The Post's executive editor announced the layoffs in a Zoom meeting with staff this morning. The Post is owned by Amazon founder Jeff Bezos. Its troubles stand in contrast to The New York Times. That paper has doubled its staff over the past decade. Turning to markets, we have a new read on the services economy from the Institute for Supply Management. Its index was unchanged last month at 53.8.
Chapter 6: How are tech stocks performing amidst changing market conditions?
That's the strongest back-to-back growth for services since 2024. Still, a rotation out of big tech stocks continues after Anthropic unveiled its new AI tool. It can do a lot of software companies' work for them. Mandeep Singh is global head of tech research at Bloomberg Intelligence.
They launched a new product and they have been launching a lot of new products that are coded by their coding agent tool with minimal human intervention in terms of the human generated code. So from that perspective, their cadence and product launches have really taken off. And that's what's Man, Deep Singh with Bloomberg Intelligence. And right now, tech shares are leading the declines.
The Nasdaq Composite is down about 1%.
Chapter 7: What insights do analysts have on Alphabet's upcoming earnings report?
The S&P 500 is lower by three-tenths of 1%. The Dow Jones Industrial Average is on the rise by four-tenths of 1%. Uber is down more than 4%. The rideshare company gave a mixed forecast in its latest earnings report and more signs that it's focusing more on robo-taxis than human drivers. Bloomberg Tech host Ed Ludlow has more.
What they said is we're launching in more markets around the world for Robotaxi through partners, capital-like model where they rely on the technology provided. They just do the platform, fleet management and matching with the ride. And they've also promoted somebody from one of the internal finance teams to be CFO. That's Bloomberg's Ed Ludlow reporting.
And Uber's main rival, Lyft, is also on the decline by about 3%. We'll get more tech earnings after the closing bell when we hear from Google parent Alphabet. Bloomberg Intelligence tech analyst Matthew Bloxham has more on what investors are looking for there. On the sales side, I think reassurance that the ad business, which is the fastball, their revenues is being resilient.
Markets looking for about 13% year-on-year growth. And that the cloud business is still growing at about 30% to 35%. That's by Thubloxim of Bloomberg Intelligence. And ahead of those earnings, Alphabet shares are down nearly 2%. That's news when you want it. With Bloomberg News Now, I'm Nathan Hager. 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.
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