Partial Govt Shutdown Hits DHS, TSA, Iran Nuclear Talks, More
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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 £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.
What impact does the government shutdown have on TSA operations?
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.
What are the latest developments in the Iran nuclear talks?
TSA agents are working without pay at U.S. airports again due to another government shutdown. This one affects the Department of Homeland Security, which includes TSA, as Congress works on a funding plan that could include ICE reforms. Eric Rosen's known as the points guy. There aren't a ton of disruptions or cancellations. Most of those seem to be weather related.
How is the situation in Gaza affecting medical operations?
Parts of the tri-state area could get a couple inches of snow later tonight into Monday. But overall, we may not see mass flight cancellations like the ones we saw last fall because air traffic controllers are still getting paid. The Swiss government confirms the U.S. and Iran will hold a second round of talks over Tehran's nuclear program this week. President Trump has repeatedly threatened to strike Iran if they can't reach a deal, but Iranian officials say they're open to a compromise. The talks follow deadly anti-government protests in Iran where thousands are still being arrested for participating.
What are the financial implications of the Trump administration's deportation policy?
Doctors Without Borders says it suspended some operations at one of Gaza's largest functioning hospitals after staff members say they witnessed masked men with weapons around the facility. The aid group says it poses a serious security threat to teams and patients. Israel has struck hospitals on repeated occasions, accusing Hamas of operating in and around them. Here at home, a new report shows the Trump administration's policy of deporting migrants to third-party countries has come with a hefty price tag. Bloomberg's Nathan Hager reports from Washington.
The report comes from Democrats on the Senate Foreign Relations Committee. It finds the administration spent more than $40 million to send roughly 300 migrants to countries they had no connection to.
How are inflation trends influencing Federal Reserve rate cuts?
That's an average $133.3 thousand per deportee. The report says the bulk of the funds went directly to five foreign governments, Equatorial Guinea, Rwanda, El Salvador, Palau, and Eswatini. It says the State Department did not use outside auditors to track how the money is spent. In Washington, I'm Nathan Hager, Bloomberg Radio.
The U.S. Consumer Price Index rose this week at the slowest annual pace since May. And with inflation easing a bit now, traders are boosting their bets that the Fed will make three rate cuts this year. Tiffany Wilding is an economist at PIMCO.
What challenges is Coinbase facing in the current crypto market?
We're looking at the midpoint of the long run neutral estimate, which is right around three percent. You know, they're at three and a half now. So that implies two more cuts. You know, I think getting another one in would be the result of more disinflationary pressure potentially target below target inflation or the unemployment rate moving up.
PIMCO's Tiffany Wilding on Bloomberg surveillance. The unemployment rate did drop a bit this week to 4.3 percent, with employers adding 130,000 jobs in January. The data suggests the job market continues to stabilize. Crypto's not having a good year.
What controversies arose during the Milano Olympics curling events?
Bloomberg's Charlie Pellett reports Coinbase revenue tanked this week.
Revenue in the fourth quarter tumbled a more than estimated 20% to $1.8 billion. Companies swung to a net loss of $667 million. Mark Palmer is senior equity researcher at The Benchmark Company.
As much as Coinbase's stock price is highly correlated with the prices of crypto, the underlying value of its business really is not.
The results come as Bitcoin has fallen nearly 50% from an October high, a retreat that has left many retail traders sitting on the sidelines. Charlie Pellett, Bloomberg Radio.
Apple says Siri's long-planned upgrade may have to wait another year before its debut. The tech giant's also considering a delay of several other highly anticipated functions, including a new operating system.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:21
2
What impact does the government shutdown have on TSA operations?
0:21–0:33
3
What are the latest developments in the Iran nuclear talks?
0:33–0:52
4
How is the situation in Gaza affecting medical operations?
0:52–1:26
5
What are the financial implications of the Trump administration's deportation policy?
1:26–2:08
6
How are inflation trends influencing Federal Reserve rate cuts?
2:08–2:40
7
What challenges is Coinbase facing in the current crypto market?
2:40–3:15
8
What controversies arose during the Milano Olympics curling events?
3:15–7:44
Speakers
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