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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 Karen Moscow. We want to begin with the latest look at the jobs market. US companies added fewer jobs than expected in January, pointing to a continued slowdown in the labor market at the start of the year. Private sector payrolls increased by 22,000 after a downward revision to the prior month.
That's according to ADP Research, and the figures will likely offer this week's fullest picture of the labor market in January, as official data from the Bureau of Labor Statistics was delayed due to the partial government shutdown. BLS said it will reschedule the January jobs report, which was originally due out on Friday.
While the partial government shutdown is over, the fight to fund the Department of Homeland Security is not. President Trump signed a deal with Senate Democrats that funds most of the federal government through September 30th. Funding for DHS, however, will only run through February 13th. And we get more with Bloomberg's Alexander Pearson.
The gap between the Republicans and the White House on the one hand and Democrats on the other is still very large. So despite the fact that they came to this agreement to reopen parts of the government, that were shut down, there is only now nine days to come to an agreement on restrictions that Democrats have demanded on immigration reinforcement.
The problem is, is that Republicans are not accepting many of those demands. Those include things like immigration enforcement officers not wearing masks, wearing identification, stopping roving operations in cities. And for the most part, Republicans don't want to agree to any of these. And that's Bloomberg's Alexander Pearson.
Pearson says any lapse in DHS funding could hurt agencies like TSA and FEMA, as ICE and Border Patrol both received massive funding in Trump's tax bill last year. Bill and Hillary Clinton are backing down from a subpoena fight and have agreed to appear before the House Oversight Committee's Jeffrey Epstein investigation. Bloomberg's Laura Duszynski has more from Washington.
The Clintons avoided what would have been an unprecedented vote in Congress to hold them in contempt for not testifying. Now they will get another unprecedented opportunity to testify before this House panel in a criminal probe. One, Clinton, is appearing on the 26th. The other is appearing on the 27th.
And again, this is quite remarkable that we are hearing the two of them, or at least the two of them will go to Congress and speak about their ties to Jeffrey Epstein today. And that's Bloomberg's Laura Dozenski. A new round of talks on ending the war in Ukraine is underway in Abu Dhabi.
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Chapter 2: What does the latest jobs market report reveal about US employment?
Bloomberg's Greg Sullivan reports there will be two days of trilateral discussions with both countries and the U.S. In one sense, it is notable that the two sides are sitting down face to face after talks last month. What progress, if any, that has been made is unclear. There's not a lot that is known.
We do know that they plan to discuss technical parameters around, military parameters around what would happen if there was a ceasefire. But to get to a ceasefire still remains quite distant, knowing that the biggest issue, Moscow's demands for territory in the east, remain unresolved. And that's Bloomberg's Greg Sullivan reporting from Abu Dhabi.
The location of high-level nuclear talks between the U.S. and Iran has apparently moved to Oman. This is according to the semi-official Tasnim News Agency, which says the negotiations are limited to the nuclear issue and the lifting of sanctions on Iran, and these talks were originally scheduled to take place in Turkey.
The Xinhua News Agency is reporting that President Donald Trump held a phone call today with his Chinese counterpart Xi Jinping. No details were offered. Russian President Vladimir Putin and Xi Jinping spoke earlier today. They praised ties between their countries as exemplary in their first direct talks of the year.
Sources are telling the Associated Press investigators have found signs of forced entry at the Arizona home of Today's Show host Savannah Guthrie's mother. Meanwhile, the host asked for prayers to help bring back the missing 84-year-old. Authorities believe she was taken against her will, and the sheriff is saying that Nancy Guthrie must be found soon because she could die without her medication.
In earnings this morning, Eli Lilly is providing an upbeat sales forecast for the year as strong demand for its weight loss drug cements its position at the top of the obesity market. The guidance was a sharp contrast to rival Novo Nordisk, which warned investors yesterday that its sales could drop as much as 13 percent this year on intensifying price competition in the weight loss market.
Lilly, on the other hand, expects its sales to grow as much as 27 percent this year. Uber Technologies gave a weak profit outlook and promoted an outspoken driverless vehicle bull to be its new chief financial officer. It's signaling further investment in a closely watched area of the ride-hailing company's business.
AbbVie forecast 2026 profits that beat Wall Street expectations as efforts to revive its sagging aesthetics business start to pay off. Texas Instruments has reached an agreement to buy the U.S. chip firm Silicon Laboratories in a deal valued at $7.5 billion. And stocks, they are struggling for direction this morning, but S&P futures, they are higher.
After a sell-off in software shares, gold has reclaimed the $5,000 an ounce mark. Right now, S&P futures are up 0.2%. Dow futures up 0.3%. NASDAQ futures, they are lower, down 0.2%. 10-year Treasury yield at 4.27% and COMEX Gold at $5,079 an ounce. And that's the 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.
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Chapter 3: What are the implications of the government funding deal signed by President Trump?
Visit business.gov.uk slash growth. Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moscow. And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations.
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