Mar-a-Lago Shooting, TSA Update, US Men's Hockey Wins Gold, 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 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 Monica Ricks. We're following the latest out of South Florida where the U.S. Secret Service shot and killed an armed gunman who snuck into a secure perimeter of Mar-a-Lago overnight. President Trump's not there this weekend and the man's identity hasn't been released. But investigators say he'd been reported missing a few days ago in North Carolina where he likely drove down from and picked up a shotgun along the way. Agents say he was carrying that and a gas can with him when they later confronted him on the property. They still don't know what he planned to do, but they're asking neighbors now for any surveillance footage that may have caught him in the area.
Millions of Americans may have to wait a little longer to get through security at airports today as Homeland Security scales back its operations. TSA just posted on X saying PreCheck is still up and running, but didn't mention global entry. It is, however, pausing escorts to members of Congress to redirect staff at airports and ports as part of a partial government shutdown. Meantime, airlines plan to suspend operations at several airports in the northeast today. Nearly 3,000 flights have already been delayed, and more than 1,000 have been canceled ahead of another major winter storm. Bloomberg meteorologist Craig Allen is tracking conditions.
It's very clear-cut that we are going to be pummeled by blizzard conditions now, meaning whiteouts, winds over 50 mph, and snow rates of 1 to 3 inches per hour for well over three hours. So from Philly to New York City, Providence and Boston, we will be measuring snowfall in feet. Now down towards Baltimore and Washington, you may be too far south for anything that significant, but the rest of the 95 corridor may be brought to a standstill for a day or two.
The storm could become as strong as a Category 1 or 2 hurricane before moving out on Monday. Russian forces attacked Ukraine's capital and other targets with missiles and drones overnight, injuring at least two people, including a child. It also destroyed an Oreo cookie factory owned by U.S. snack company Mondelez. The strikes followed trilateral peace talks between Russia, Ukraine and the U.S. in Geneva last week. Australia's government says it's examining all options now for President Trump's new 15% global tariff, which would be higher than its previous 10% tariffs. India is also taking time to evaluate Trump's new tariff, but theirs will be a little lower, down from 18%. Officials were supposed to meet in Washington this week to discuss trade, but plan to reschedule.
Meantime, a new YouGov poll released this week shows a majority of Americans, 60% of U.S. adults, think the Supreme Court got this ruling right.
What happened during the Mar-a-Lago shooting incident?
Gene Sperling is a former Biden administration official and also served as director of the National Economic Council under former Presidents Clinton and Obama. He says Americans are paying a high price for Trump's tariffs.
Most economists agree that the fact that inflation did not come down as projected is due almost primarily to his tariffs.
Research from the Tax Foundation says tariffs cost the average American household more than $1,000 last year. Investors may be getting skittish about AI's revenue prospects, but Bloomberg's Dan Schwartzman tells us a major player is optimistic.
Chat GPT-Maker OpenAI is projecting that its revenue will grow rapidly in the next few years and exceed $280 billion in 2030. That's according to a person familiar with the matter. The optimistic revenue growth reflects OpenAI's strong momentum in subscription sales for its AI software to both consumers and businesses. According to the company's CFO, annualized revenue topped $20 billion in 2025.
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