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Chapter 1: What are the current trends in the stock market?
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News when you want it with Bloomberg News Now. I'm Nathan Hager. We have made it to the end of quite a hectic week on Wall Street. That is the sound of the opening bell from the floor of the New York Stock Exchange.
Chapter 2: How is Amazon's AI spending affecting its stock price?
And investors are hoping to end the week with some gains at the open. The S&P 500 is higher by almost a half percent, a gain of about 30 points. The Dow Jones Industrial Average is in the green by two-thirds of 1%, a gain of more than 310 points. And the Nasdaq Composite is higher as well, up four-tenths of 1%, or 80 points. The 10-year Treasury yield up about a basis point to 4.19%.
So a bounce back from a three-day tech-led sell-off in stocks.
Chapter 3: What insights does Parmi Olson provide about tech companies' identity shifts?
But Amazon is lower by more than 8% at the open. The e-commerce giant is planning to spend $200 billion on its AI build-out this year, bringing the total for just four companies, Amazon, Microsoft, Alphabet, and Meta Platforms, to $650 billion. Parmi Olson is a tech columnist for Bloomberg Opinion.
really intrigues me about this is this kind of almost an identity shift for these companies. Because if you think about why they're so valuable in the first place, it's that they're asset light, right?
Chapter 4: What are the latest developments in US-Iran relations?
Like they have a lot of staff and they maybe have some data centers, but then they build this incredibly valuable software and they have incredible margins. Now they're becoming these kind of capital intensive infrastructure operators. They're almost like telecoms now.
You can hear my full conversation with Parmi Olson of Bloomberg Opinion on the Bloomberg Daybreak U.S. edition podcast. Indirect talks between the U.S. and Iran have ended in Oman. This was a bid to dial down tensions that have threatened to escalate into war. Bloomberg's Kasia Klimashinska is following from Washington.
Oman met with the U.S.
Chapter 5: How is President Trump's social media activity impacting public perception?
delegation led by Steve Witkoff. and then separately with representatives from Iran. But Iran also said before those talks even started that it won't be a major step, that those will be just some sort of broad talks.
Bloomberg's Kasia Klimashinska in the nation's capital. Iran's foreign minister says today's talks were a good start. He says both the U.S. and Iran will decide on a way forward after consultations with their capitals. The New York Times says it has analyzed satellite images that show Iran appears to have made rapid progress repairing its ballistic missile facilities after last year's U.S.
attacks, but it says it has only made limited fixes to the nuclear sites that were damaged by the U.S. and Israel last year.
Chapter 6: What new initiatives are being introduced for prescription drug pricing?
President Trump's social media feed is getting even more attention. The president reposted a video last night that briefly portrayed former President Barack and ex-First Lady Michelle Obama as apes. The minute-long video about 2020 election conspiracies depicted other Democrats as jungle animals. Democratic California Governor Gavin Newsom says the post is disgusting behavior by the president.
White House spokeswoman Caroline Leavitt is calling that fake outrage. Last night, President Trump was looking to take on Americans' cost of living concerns through a new website.
Starting tonight, dozens of the most commonly used prescription drugs will be available at dramatic discounts for all consumers throughout the world. a new website. It's called TrumpRx.gov.
And we get more on the effort from Bloomberg Government's Maeve Sheehy.
Chapter 7: What are the implications of the recent elections in New Jersey?
This is something that we've heard the Trump administration kind of toy with and talk about for a little while. If you go to this website, they have more than 40 medicines available. These include major weight loss drugs like Ozempic and Wagovi, and they're available for just... cut prices, basically.
Former government's Maeve Sheehy says it remains to be seen whether more Americans will shop for medications through the site rather than through their insurance companies. A special Democratic primary for New Jersey Governor Mikey Sherrill's open house seat is still too close to call.
With 91 percent of votes counted, Bernie Sanders-backed organizer Annalilia Mejia leads former Congressman Tom Malinowski by fewer than 500 votes. Decision Desk HQ says Mejia did better than expected in two key counties. The search is now into a sixth day in Arizona for Today Show host Savannah Guthrie's mother, Nancy. Pima County Sheriff Chris Nanos is still holding out hope.
For me, it is simply this. Somebody asked, Sheriff, how do you know, can you prove that she's alive? And I just simply turn it around. Can you prove she's not? Why would I operate from any other position?
Pima County Sheriff Chris Nano says investigators are also looking into a ransom note that was sent to media outlets to see whether it's genuine. Turning back to the market now, Atlanta Fed President Rafael Bostic says he sees cautious optimism in the part of the country he covers. Bostic spoke this morning to Bloomberg's Michael McKee.
The tariffs, people have gotten used to those, and so those effects will have run through by the middle of the year. We've seen some of the stimulative aspects of the tax bill last summer. Those will be coming on board. And if consumers start to feel like there's more certainty, then I think there's some upside potential in the economy.
On Blanders, Raphael Bostic tells Bloomberg's Michael McKee it's important to keep interest rates at a level that restricts economic activity and returns inflation to 2%. Bostic is retiring from the Fed. at the end of this month. Still a lot of pessimism for investors in Stellantis. Those shares are down 25% at the open.
The Jeep and Fiat maker reported a $26 billion charge from its pivot away from electric vehicles. Better news for bankers on Wall Street. Bloomberg News has learned JPMorgan Chase, Goldman Sachs, and Bank of America are boosting their bonus pools by at least 10% thanks to a banner 2025 for dealmaking and market activity. That's news when you want it with Bloomberg News Now. I'm Nathan Hager.
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