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Chapter 1: What are the latest updates on the government shutdown?
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.
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Chapter 2: What implications does Trump's stance on election processes have?
I'm Karen Moscow. Four days into the partial government shutdown and a vote could come today on a bill to reopen the government with two weeks of Homeland Security funding that would allow for more negotiations on immigration enforcement. Two Republican holdouts, Anna Paulina Luna and Tim Burchett, dropped their opposition to the measure after speaking with the White House.
President Trump says he thinks a deal is in sight.
I spoke with Speaker Johnson, I spoke with Leader Thune, and I think they're pretty close to a resolution.
President Trump spoke from the Oval Office.
Chapter 3: What developments are occurring in the Jeffrey Epstein case?
The short shutdown is already having an impact. The Labor Department said this Friday's January jobs report will be delayed due to the lapse in funds. There's no word on when the release will be scheduled.
President Trump said he's seeking $1 billion in damages from Harvard University after the New York Times reported that his administration had backed off demands for $200 million to satisfy accusations of wrongdoing by the Ivy League institution. Trump called the Times article completely wrong.
The administration has waged an aggressive campaign against Harvard and other universities over accusations of anti-Semitism linked to campus protests against Israel's military campaign in the Gaza Strip. President Trump is calling on Republicans to seize control of election processes from individual states. To make it more with Bloomberg's Amy Morris in Washington.
The move is a signal that President Trump is ready to push forward drastic measures to change the dynamics of the midterms.
Chapter 4: How is Ukraine responding to the latest Russian attacks?
Trump's powers to change election policies are limited. The Constitution gives state legislatures the power to set the time, place and manner of holding elections. The White House pointed to the president's previous advocacy for voter ID requirements and sharing voter rolls with the federal government. In part, they say, to ensure that undocumented migrants aren't registered.
Trump has said if Democrats regain the House, they'll likely impeach him. In Washington, Amy Morris, Bloomberg Radio.
All right, Amy, thank you. There are new developments in the Jeffrey Epstein case. Former President Bill Clinton and former Secretary of State Hillary Clinton have dropped their opposition and agreed to testify in House Republicans' investigation into the disgraced financier. The House had planned a criminal contempt vote against the Clintons this week if they kept defying subpoenas.
Chapter 5: What are the market reactions to recent economic news?
Now House Republican Virginia Foxx says that vote will be delayed.
Obviously, there's a lot of ongoing discussions and negotiations about the Clinton contempt report.
Republican Virginia Fox sits on the House Oversight Committee. In another development, the NFL says it will review dozens of emails from New York Giants co-owner Steve Tisch that have surfaced in the Justice Department's Epstein files.
Tisch says he had a brief association with Epstein where they discussed adult women and other subjects, but he says he never accepted any of Epstein's invitations and never went to his private island. Ukrainian President Volodymyr Zelensky is saying that Russia has launched a major attack on Ukraine with around 450 drones and 70 missiles.
The strikes reported today came as NATO Secretary General Mark Rutte visited Kyiv and a day before U.S. brokered talks between Russia and Ukraine in Abu Dhabi. Turkey plans to host high-level talks between the U.S.
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Chapter 6: How is Elon Musk's latest deal impacting the tech industry?
and Iran on Friday. They're aimed at de-escalating tensions between the two countries. Authorities believe the 84-year-old mother of today's show host Savannah Guthrie was kidnapped, abducted, or otherwise taken against her will. The Pima County Sheriff Chris Nanos says it's imperative Nancy Guthrie is found soon because she could die without her medication. He spoke to ABC News.
We really want to find her alive, safe and sound, but my goodness, the longer this goes, the tougher it's going to be.
Guthrie was last seen around 9.30 p.m. Saturday at her home in Tucson, Arizona, an area where she lived alone. We turn to the markets now, and futures are higher following yesterday's gains on Wall Street. Dip buyers are back into precious metals this morning. Gold is up more than 6 percent after dropping 13 percent the last two days. Silver is surging more than 9 percent.
after plunging more than 30 percent since last week. And Bloomberg's Brendan Fagan says the worst of the sell-off appears to be over.
The constructive thing is holding those key moving averages. It may suggest that systematic traders are stepping in to start nibbling after quite the washout we had. But like I said, you never really want to catch a falling knife here. So there could be more to come, but it seems like the worst is behind us and where we held is relatively constructive.
And that's Bloomberg's Brendan Fagan. Deutsche Bank is standing by its forecast for gold to rally to $6,000 an ounce. Right now, COMEX Gold is at $4,933 an ounce. Again, that's up more than 6%. Elon Musk is combining SpaceX and XAI in a deal that values the enlarged entity at $1.25 trillion. We get more this morning with Bloomberg's John Tucker. John.
Good morning, Karen. The world's richest man looking to fuel his increasingly costly ambitions in AI and space exploration. The acquisition of XAI was announced in a statement on SpaceX's website, signed by Elon Musk and confirming a Bloomberg report from yesterday. This deal brings together two of the largest closely held companies in the world.
SpaceX is still expecting to hold an IPO later this year.
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Chapter 7: What are the implications of Palantir's earnings report?
In explaining the rationale for the deal, Musk said in the statement that the least expensive way to do AI computations within two to three years will be in space. In New York, I'm John Tucker, Bloomberg Radio.
All right, John, thank you. Robust earnings from Palantir Technologies sparking a rally in tech stocks as precious metals bounce back from a two-day route. Palantir is surging 11% in early trading on a stronger-than-expected sales outlook. Snacks and beverage company PepsiCo said it was cutting prices by as much as 15% in some of its key brands. They include Lay's and Doritos.
It's a bid to lift its sales by offering more affordable products. Pfizer beat fourth quarter sales estimates on strong sales of its older drugs as it races to fill gaps from its declining COVID shot and bill franchises.
The drug maker also released data for a drug it acquired from obesity startup Metzera that showed that people on the drug lost up to 12.3% of their body weight compared to a placebo at 28 weeks. And PayPal Holdings is saying chief executive Alex Chris will be replaced by HP CEO Enrique Lloris. S&P futures, they're up to tenths of a percent this morning of 15 points.
Dow futures are little changed. NASDAQ futures up half percent or 123 points. And the 10-year Treasury yield at 4.28 percent. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow 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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