Rubio Pushes Cooperation in Eastern Europe, Syria Strikes, More

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What is the main topic discussed in this episode?

Unknown 0:00
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. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
Monica Ricks 0:29
News when you want it with Bloomberg News Now.

What is Marco Rubio's agenda during his Eastern Europe trip?

Monica Ricks 0:31
I'm Monica Ricks. Secretary of State Marco Rubio just kicked off a two-day trip through Eastern Europe with plans to visit leaders in Slovakia and Hungary and continue his push for a return to stronger ties with allied countries.
Unknown 0:44
There is no more important obligation of any government than the ability to protect your own people and your own nation.
Monica Ricks 0:50
Yesterday, Rubio addressed leaders at the Munich Security Conference and tried to ease anxiety over President Trump's trade wars and repeated threats to take over Greenland. U.S.

How has the U.S. responded to recent attacks in Syria?

Monica Ricks 1:00
forces have hit more than 30 Islamic State targets in Syria over the last two weeks, extending the military response to a deadly attack on American troops. Those airstrikes targeted infrastructure and weapons storage targets in Syria, killing more than 50 ISIS terrorists. It follows President Trump's pledge to retaliate over the deaths of two American soldiers and an interpreter who were ambushed back in December. TSA agents are working without pay at U.S. airports again due to another government shutdown.

What are the implications of the ongoing government shutdown on TSA operations?

Monica Ricks 1:29
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.
Unknown 1:39
There aren't a ton of disruptions or cancellations. Most of those seem to be weather related.
Monica Ricks 1:43
Parts of the tri-state area could get a couple inches of snow later tonight into Monday.

What security concerns are affecting operations in Gaza?

Monica Ricks 1:47
But overall, we may not see mass flight cancellations like the ones we saw last fall because air traffic controllers are still getting paid. 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.

How much is the Trump administration spending on deportations?

Monica Ricks 2:25
Bloomberg's Nathan Hager reports from Washington.
Nathan Hager 2:27
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. 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.

What trends are emerging in the U.S. job market and inflation rates?

Nathan Hager 2:50
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.
Monica Ricks 2:57
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.

What controversies are surrounding the Milano Olympics curling events?

Monica Ricks 3:08
Tiffany Wilding is an economist at PIMCO.
Tiffany Wilding 3:10
We're looking at the midpoint of the long-run neutral estimate, which is right around 3%. They're at 3.5% now, so that implies two more cuts. I think getting another one in would be the result of more disinflationary pressure potentially below target inflation or the unemployment rate moving up.
Monica Ricks 3:29
PIMCO's Tiffany Wilding on Bloomberg surveillance. The unemployment rate did drop a bit this week to 4.3%, with employers adding 130,000 jobs in January. The data suggests the job market continues to stabilize. Crypto's not having a good year. Bloomberg's Charlie Pellett reports Coinbase revenue tanked this week.
Charlie Pellett 3:48
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.

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