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. We're following breaking news out of Florida right now where the U.S. Secret Service just announced it shot and killed an armed gunman who snuck into a secure perimeter of Mar-a-Lago. President Trump's not there this weekend and the man's identity hasn't been released yet.
But agents say he appeared to be carrying a shotgun and fuel can. It's unclear what he'd plan to do with them. Millions of Americans will have to get in regular TSA security lines when flying today as Homeland Security hits pause on pre-check and global entry. Secretary Kristi Noem says it's redirecting staff at airports and ports as a partial government shutdown continues.
Democrats are demanding ICE reforms in exchange for a funding deal. In addition to longer security lines, airlines plan to suspend operations at several airports in the Northeast today. Nearly 3,000 flights have already been delayed and more than 1,000 have been canceled ahead of another major winter storm. Bloomberg meteorologist Craig Allen is tracking conditions.
It's very clear-cut that we are going to be pummeled by blizzard conditions now, meaning whiteouts, winds over 50 mph, and snow rates of 1 to 3 inches per hour for well over three hours. So from Philly to New York City, Providence, and Boston, we will be measuring snowfall in feet.
Now down towards Baltimore and Washington, you may be too far south for anything that significant, but the rest of the 95 corridor may be brought to a standstill for a day or two.
The storm could become as strong as a Category 1 or 2 hurricane before moving out on Monday. Russian forces attacked Ukraine's capital and other targets with missiles and drones overnight, injuring at least two people, including a child. It also destroyed an Oreo cookie factory owned by U.S. snack company Mondelez. The strikes followed trilateral peace talks between Russia, Ukraine and the U.S.
in Geneva last week. Australia's government says it's examining all options now for President Trump's new 15 percent global tariff, which would be higher than its previous 10 percent tariffs. India is also taking time to evaluate Trump's new tariff, but theirs will be a little lower, down from 18 percent.
Officials were supposed to meet in Washington this week to discuss trade, but plan to reschedule. Meantime, a new YouGov poll released this week shows a majority of Americans, 60 percent of U.S. adults, think the Supreme Court got this ruling right.
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Chapter 2: What happened during the Secret Service incident at Mar-a-Lago?
He says Americans are paying a high price for Trump's tariffs.
Most economists agree that the fact that inflation did not come down as projected is due almost primarily to his tariffs.
Research from the Tax Foundation says tariffs cost the average American household more than $1,000 last year. Investors may be getting skittish about AI's revenue prospects, but Bloomberg's Dan Schwartzman tells us a major player is optimistic.
Chat GPT maker OpenAI is projecting that its revenue will grow rapidly in the next few years and exceed $280 billion in 2030. That's according to a person familiar with the matter. The optimistic revenue growth reflects OpenAI's strong momentum in subscription sales for its AI software to both consumers and businesses. According to the company's CFO, annualized revenue topped $20 billion in 2025.
That's up from around $6 billion the prior year. Dan Schwartzman, Bloomberg Radio.
JPMorgan Chase confirms it closed President Trump's bank accounts after the January 6th attack on the U.S. Capitol. That's according to the New York Times, which reports the admission in a court filing in a lawsuit over allegations of political debanking. Trump's suing for $5 billion, claiming the closures hurt his businesses. JPMorgan says the suit lacks merit.
The Mississippi Health System is still working to reopen dozens of clinics across the state after a ransomware attack knocked out its phone and electronic record system. It's been forced to cancel many surgeries and cancer treatments. Richard Bell says he drove hours to get chemo, only to be turned away.
You have to get blood work preliminary and meet the doctor here at the pavilion. Couldn't shut down.
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Chapter 3: How is the government shutdown affecting TSA security lines?
The hospital system says it's working with the FBI to restore the network. The CDC says measles cases keep rising with about a thousand cases now across 26 states, mostly affecting kids and teens. Experts say almost all of these infections involve people who are unvaccinated. And Team USA could wrap up the Winter Olympics in Italy today with one more gold medal as the U.S.
men's hockey team takes on Canada. The game's underway right now, and it's the final event before the closing ceremony. 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.
Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.
Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
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