Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Karen Moscow, a large part of the country bracing for a powerful winter storm. About 160 million people are under a variety of watches, warnings and other alerts this weekend. We get the details with Bloomberg meteorologist Rob Carolyn.
A major winter storm, which is just now developing over the southwestern part of the nation, is going to produce wintry weather from eastern New Mexico and much of Texas up across parts of the Tennessee and Ohio River Valleys with some significant icing possible from northeastern Louisiana and southeastern Arkansas across northern Mississippi into parts of Tennessee.
There's also the potential for some significant icing over parts of Georgia. We'll see snow north of the track and amounts over a foot in many locations. across parts of southern Missouri, northern Arkansas, through parts of Indiana and Ohio. And we'll also find heavy snowfall across parts of the northern mid-Atlantic states into the northeast by late in the weekend.
Many of the major cities in the eastern United States will see snow either late Saturday or Sunday, and it should be ending either Sunday night or Monday. We could see as much as a foot around the Washington area and Baltimore. New York City also could see a foot and more than a foot as possible around the Boston area. I'm Rob Carolin, Bloomberg Radio.
All right, Rob, thank you. And you can expect travel is being affected. More than 800 flights within, into, or out of the United States are delayed or canceled for the day in advance of the storm already. Airports in Dallas, Atlanta, and Oklahoma are all affected, according to the flight tracking website FlightAware.
We're learning more about President Trump's framework for a future deal on Greenland and Bloomberg government's Maeve Sheehy reports from Washington.
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Chapter 2: What impact will the winter storm have across the United States?
Japanese Prime Minister Sonei Takeuchi has dissolved the lower house of parliament, paved the way for an early election on February 8th. Takeichi appears to be banking on her high personal approval ratings to give her a national mandate to pursue expansionary fiscal policies. She has promised a temporary sales tax cut on food if she wins a fresh mandate for her new coalition.
A vast network of labor unions, progressive organizations, and clergy has been asking Minnesotans to stay away from work, school, and stores today to protest against immigration enforcement in the state. The Twin Cities of Minneapolis and St. Paul have seen daily protests since Renee Goode was fatally shot by a U.S.
Immigration and Customs Enforcement officer during an operation earlier this month. Chinese officials have told the country's largest tech firms that they can prepare orders for NVIDIA's H-200 AI chips Suggesting Beijing is close to formally approving imports of components essential to running artificial intelligence.
Sources tell Bloomberg regulators have recently granted in principle approval for Alibaba, Tencent Holdings and ByteDance to move to the next stage of preparations for purchases. The companies are now clear to discuss specifics such as the amounts they would require and Nvidia shares are higher on the news, up more than 1% this morning. Shares of Intel are down more than 13 percent.
The chipmaker gave a lackluster forecast and warned that it was struggling with manufacturing problems. TikTok and its Chinese owner ByteDance have finally closed the deal to transfer parts of their U.S. operations to American investors. Bloomberg's Neil Campling reports the video app's users might not notice.
There's not going to be a substantial change because one of the key investors being Oracle also provides the cloud services for TikTok. They're looking after the algorithm, which is the secret source of TikTok. So in some respects, there's not going to be an enormous amount of change.
And that's Bloomberg's Neil Campling, who reports that TikTok's CEO will get a board seat on the U.S. joint venture. The app's head of trust and safety, Adam Presser, will be the U.S. CEO. President Trump praised the end of the saga on Truth Social and once again credited TikTok with helping him win the 2024 election.
Futures are lower this morning after a turbulent run that put the S&P 500 on pace for its first back-to-back weekly loss since June. Gold briefly rose about $4,950 an ounce. S&P futures down 0.2%, Dow futures down 0.4%, Nasdaq futures down 0.3%, 10-year Treasury yield at 4.23%. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow and this is Bloomberg.
Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients.
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