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Chapter 1: What factors contribute to the UK's appeal as a business destination?
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 Amy Morris. There's your closing bell for this Monday on Wall Street, which saw another rally in tech companies drive stocks higher ahead of economic data that will help shape the Fed outlook. We bring you the closing numbers each day here at Bloomberg. The S&P 500 is up about a half percent, landing about 32 points higher.
NASDAQ gained 207 points. The Dow gained 19 points. The 10-year Treasury yield at 4.19 percent and the two-year yield at 3.48 percent. Spot gold now more than 2% higher, Bitcoin about a tenth of a percent higher. Sources tell Bloomberg that Alphabet attracted more than $100 billion of orders for a bond sale that's expected to be about $20 billion.
Bloomberg Tech host Caroline Hyde reports it's the latest salvo in an expected $650 billion AI spending spree from big tech this year.
Google or Alphabet, the parent company, has a rock-solid AA credit rating. It is best in class in terms of its overall balance sheet. You don't need to worry here.
Bloomberg's Caroline Hyde, the demand is among the strongest ever seen for a corporate bond offering, showing investor hunger to buy debt tied to the AI boom. Chinese regulators have advised financial institutions to rein in their holdings of U.S. treasuries, citing concerns over concentration risks and market volatility.
Fed Governor Christopher Waller says some of that euphoria that came into the crypto world with the current administration is fading amid a sell-off.
People are like, oh my God, Bitcoin's down to 63,000. I mean, you have to scratch your head a little bit and say, 63,000? Eight years ago, if you had said it was 10,000, you would have said, oh my God, this is crazy.
Waller says ups and downs are common in the crypto market and recent volatility could be driven by regulatory uncertainty. Waller spoke at an event at the Global Independence Center. Ghislaine Maxwell refused to answer questions from a House committee invoking her Fifth Amendment rights. Committee Chair Congressman James Comer.
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Chapter 2: How did tech companies influence stock market trends today?
UK Prime Minister Keir Starmer facing a high-profile call to resign after he appointed Peter Mandelson as U.S. ambassador despite his ties to Epstein. Two of Starmer's top aides have already resigned. Buckingham Palace says King Charles III will support UK police assessing reports that the former Prince Andrew gave confidential information to Epstein.
The statement came after police said they were examining reports that the former prince sent trade reports to Epstein in 2010. And Commerce Secretary Howard Lutnick is facing bipartisan calls to resign after he appeared in a recent batch of files linked to Epstein. Politico reports after Lutnick downplayed his relationship with Epstein... vowing to never again be in the same room with him.
Files released by the Justice Department show he continued their relationship, including planning a visit to Epstein's Island.
Chapter 3: What were the closing numbers for major stock indices?
Novo Nordisk is suing hims and hers health, even after the telehealth firm scrapped plans to sell a copycat version of Novo's Wigobi weight loss pill. Bloomberg Intelligence Senior Pharma Analyst Sam Fazelli says that reversal is already a reprieve for Novo.
It could be a bigger reprieve if they decide to also not continue with the injectable version. That's a lot easier. There was a period where they were allowed to because there was lack of supply. Then the FDA, I think, didn't do much when supply came back on and the compounders still carried on.
Sam Fazelli with Bloomberg Intelligence. Hims and hers shares down 19%. Novo Nordisk shares more than 5% higher. President Trump is making another try at a nuclear agreement with Iran. He's going to talk it over on Wednesday with Israeli Prime Minister Benjamin Netanyahu. Natasha Hall is a Middle East analyst with Chatham House.
We have been talking about Iran limiting enrichment. Iran seems to be intransigent on this point. And then at the same time, Israel seems to have moved the goalposts. adding Iran's ballistic missile program to the negotiations framework.
Mideast analyst Natasha Hall on balance of power. Venezuelan authorities re-arrested Juan Pablo Guanipa just hours after they released him from prison, citing his failure to comply with imposed conditions. He's an ally of opposition leader Maria Karina Machado. The re-arrest may send mixed messages from the government, which had appeared to be complying with U.S.
demands, including the release of Venezuelan political prisoners. A Hong Kong court has sentenced former media mogul and pro-democracy activist Jimmy Lai to 20 years in prison for collusion and sedition charges under a 2020 Beijing-imposed national security law. The sentence has prompted intense international scrutiny and Western governments calling for Lai's release on humanitarian grounds.
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Chapter 4: Why did Alphabet attract over $100 billion in bond orders?
Savannah Guthrie says their family is at an hour of desperation and searching for their missing mother with no mention of ransom. In a new video, authorities continue to investigate the kidnapping of Nancy Guthrie with a deadline set by those abductors approaching this evening. Lindsey Vonn's dad says her racing days are over if he has anything to say about it.
Vonn broke her leg in the downhill over the weekend. Her dad says his daughter is strong and is handling the situation well, but he doesn't think she should race anymore. We are keeping track of the medal wins at the Winter Olympic Games. Italy leads the count with nine medals. Japan has seven. Norway has six.
Chapter 5: What insights did Caroline Hyde share about AI spending in tech?
The U.S. is ranked number seven with two medals so far. That's news when you want it with Bloomberg News Now. I'm Amy Morris.
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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