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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. I'm Monica Ricks. OPEC Plus just confirmed it plans to keep oil output steady and pause production in March. The group met online today and agreed to halt a rapid revival of output during the first quarter, citing a seasonal slowdown in oil consumption. The alliance is staying the course despite threats of U.S.
action against OPEC member Iran, which has caused oil prices to jump. Brent crude was close to $72 a barrel last week, a four-month high after President Trump warned Iran to make a nuclear deal or face military strikes.
Nvidia CEO Jensen Huang says the company's proposed $100 billion investment in open AI was never a commitment, but he did say it would be huge while talking to reporters yesterday in Taiwan.
The work that they do is incredible. They're one of the most consequential companies. of our time and I really love working with SAM.
The investment plan announced back in September was designed to support new data centers and other AI infrastructure with NVIDIA's advanced chips to train and deploy its AI models. We're learning a foreign government owns a major stake in the Trump family's crypto company.
According to the Wall Street Journal, Sheikh Tanoun bin Zayed Al-Nayan, an Abu Dhabi royal who's known as the spy sheikh, bought a 49% stake in World Liberty Financial for half a billion dollars just a few days before President Trump's inauguration last year. This man's considered one of the most powerful investors in the world.
He's got money spanning everything from fish farms to AI and surveillance. But critics have had national security concerns about his dealings for years over his close ties to China. The White House insists President Trump's not involved. But according to this report, the president's son, Eric Trump, signed off on the deal. And U.S.
envoy to the Middle East, Steve Witkoff, also stood to make millions. Bitcoin's falling again. Bloomberg's Ed Kalecki has details.
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Chapter 2: What updates did OPEC+ provide about oil output and production plans?
President Trump says he's instructed Homeland Security Secretary Kristi Noem not to intervene in protests unless local authorities request federal help. His social media posts didn't provide many details on how that would affect ICE operations moving forward. But the Trump administration has deployed thousands of forces in several Democratic-led cities where opposition against them is growing.
The Supreme Court has set a date to hear a major piece of the president's effort to reshape immigration policy. Bloomberg's Nathan Hager has more on that from Washington.
The justices have set April 1st for arguments on the president's executive order to redefine birthright citizenship. It's the first time the high court will squarely take up the order that President Trump signed on his first day back in office to restrict automatic citizenship to people with at least one parent who is a U.S. citizen or a green card holder.
Lower courts and decades of precedent have found the 14th Amendment Citizenship Clause applies to virtually everyone born on U.S. soil. In Washington, I'm Nathan Hager, Bloomberg Radio.
Democrats snagged big election wins in Texas this weekend. Christian Menefee won a U.S. House seat in a special election, narrowing Republicans' already slim majority. And Taylor Remmitt won a special election for state Senate. That race was in a reliably Republican district President Trump won by 17 points in 2024.
If you don't have a real ID starting today, it's going to cost you 45 bucks to get through TSA at airports. Clint Henderson's known as the points guy.
The government wants those who have not gotten a real ID to either get it or to help pay for this extra screening that they have to do at the airports.
That new verification system is called Confirm ID. The process can take about 30 minutes, but it doesn't guarantee passengers will make their flight if their identity can't be verified. And a deep freeze in the south could squeeze Florida's citrus industry. Here's Bloomberg's Charlie Pellett.
Most of Polk County in central Florida, the state's biggest citrus-producing county, is within the zone expected to face below freezing temperatures. Commodity weather groups Joe Wisnicki wrote in a note, quote, Overall, this remains a very strong freeze event and is likely to have large impacts on Florida citrus. Charlie Pellett, Bloomberg Radio.
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Chapter 3: What did Nvidia's CEO say about the company's investment in OpenAI?
We have jobs numbers to watch for in the week ahead. Here's Bloomberg's Karen Moscow.
It all begins Monday with a look at ISM Manufacturing. Its service industry index is out on Wednesday. Thursday, there are interest rate decisions from the Bank of England and European Central Bank, as well as a look at the weekly report on initial jobless claims and earnings from Amazon. The January employment report is out on Friday.
It could show the unemployment rate held at 4.4%, and we'll also get a look at consumer sentiment from the University of Michigan. Karen Malskow, Bloomberg Radio.
And the Grammys air later tonight on CBS, and it could be another big year for Kendrick Lamar. The rapper leads the pack with nine nominations, including Record and Song of the Year. Kendrick's also up against Lady Gaga, Bad Bunny, Justin Bieber, Sabrina Carpenter, and Tyler, the Creator, for Album of the Year. And that's news when you want it with Bloomberg News Now.
I'm Monica Ricks, and 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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