Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager. Winter is coming. We are clearing streets and really focused on keeping folks warm and safe during this winter weather event.
Chapter 2: What are the latest updates on the winter storm affecting the U.S.?
That's the mayor of St. Louis, Missouri, getting ready for a powerful storm that's got everywhere from Texas and New Mexico to New York and New England in its sights. Bloomberg meteorologist Craig Allen is keeping track. There's
over a dozen states with a winter storm warning already, and there's about a dozen other states with a winter storm watch. I will bet you any time today or sometime this evening that we here in the New York City area, as well as down towards Washington and up towards Boston, will go to a winter storm warning as well. It's currently a watch.
Bloomberg meteorologist Craig Allen, New York Governor Kathy Hochulz already declared a state of emergency before the storm arrives tomorrow night. The mid-Atlantic and northeast could see a foot or more of snow before the storm ends late Monday. And after that, sub-freezing temperatures are in the forecast the rest of the week.
President Trump is renewing his threats against Iran as a violent protest crackdown continues.
You know, we have a lot of The ship's going that direction just in case. We have a big flotilla going in that direction. And we'll see what happens.
The president spoke aboard Air Force One last night on his way back from Davos. Last week, he walked back a pledge to strike the country after saying he'd been assured the regime would not carry out more executions of protesters. But human rights groups say the crackdown has surged. One U.N. special rapporteur says the number of people executed could now be past 20,000.
The European Union is extending its pause on retaliatory tariffs against the U.S. for another six months. That's after President Trump dialed back his own tariff threats over Greenland. Bloomberg Trade Czar Brendan Murray has more.
It feels like both sides, after a really whiplash sort of week, are walking away feeling like they both came away with a win. You have President Trump going back to Washington saying, they're going to give me everything I want on Greenland, although a lot of those details still need to be worked out about sovereignty and territorial integrity.
And you have the Europeans saying, look, we threatened to retaliate against the tariffs that he was threatening against us. With a lot of our strongest weaponry, we did it in a unified way. And President Trump ultimately backed down from those tariff threats.
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Chapter 3: How is President Trump responding to the ongoing situation in Iran?
And Bloomberg's Mike McKee says inflation expectations for the next year are down as well to 4%. That's the lowest since last January. Right now, the S&P 500 is little changed off the back of that data. The Dow Jones Industrial Average is still lower by 0.6%. The Nasdaq Composites turned higher by 0.2%. Intel shares are still sinking. They're down 16% after the U.S.
chipmaker gave a lackluster forecast and a warning it's still struggling with manufacturing issues. NVIDIA is still on the rise, up 1.5%. Bloomberg News has learned China has told its biggest tech companies they can start prepping orders for NVIDIA's H200 AI chips. That's news when you want it. With Bloomberg News Now, I'm Nathan Hager. This is Bloomberg.