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Bloomberg News Now

Trump: Iran Should Worry, Alphabet Sinks on Spending Forecast, More

04 Feb 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.031 - 28.333 Unknown

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.

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28.837 - 44.217 Amy Morris

News when you want it with Bloomberg News Now, I'm Amy Morris. President Trump sent a warning to Iran's leaders as U.S. military forces amass in that region, with diplomatic talks between Washington and Tehran set for later this week. President Trump on Iran's supreme leader.

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44.417 - 55.952 Tom Yamous

I would say he should be very worried, yeah, he should be. That country's a mess right now because of us. We went in, we wiped out their nuclear. If we didn't take out that nuclear, We wouldn't have peace in the Middle East.

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56.232 - 68.929 Amy Morris

President Trump speaking with Tom Yamous on NBC News. Iran's foreign minister says his country will hold nuclear talks with the U.S. in Oman on Friday. Iran wants those talks to focus only on nuclear issues.

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69.37 - 85.987 Marco Rubio

Secretary of State Marco Rubio. They will have to include certain things, and that includes the range of their ballistic missiles. That includes their sponsorship of terrorist organizations across the region. That includes the nuclear program, and that includes the treatment of their own people.

86.187 - 94.854 Amy Morris

Heather Conley is a senior fellow at the American Enterprise Institute. She tells Bloomberg that this is part of the dance that comes with gunboat diplomacy.

94.914 - 106.846 Heather Conley

We've got, you know, a carrier strike group. We are building up significant forces in the Middle East, and we are compelling, in many ways, Iran to the negotiating table. They're trying to wrestle back a little of the initiative.

107.407 - 121.368 Amy Morris

AEI senior fellow Heather Conley on balance of power with Joe Matthew. And President Trump spoke with Chinese President Xi Jinping today in a lengthy phone call, including talks about trade and geopolitical flashpoints like Taiwan.

Chapter 2: What warning did President Trump give to Iran's leaders?

121.789 - 140.818 Amy Morris

China says it has no intention of stepping away from its long-term plans of reunification with Taiwan. Trump is scheduled to visit Beijing in April. Oil surged on top of a tech route as stocks extended losses. Alpine Woods Capital Chief Market Strategist Sarah Hunt says even when earnings do beat expectations, it's just not enough.

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140.838 - 152.136 Sarah Hunt

The market was coming into all of this on fairly high levels and had a lot of expectations. And even if you're meeting some of those, it's not good enough in an environment where people are starting to get scared again about what is going to get disrupted by AI.

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152.156 - 175.414 Amy Morris

Hear more from Sarah Hunt on the Bloomberg Businessweek Daily podcast. Alphabet reported fourth quarter revenue that beat expectations, but its AI spending forecast for the year blew past investor expectations. They expected $119 billion. Alphabet says it'll be closer to $175 to $185 billion. And that sent the Google parent down nearly 8% in the post market.

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175.694 - 197.718 Amy Morris

It's now clawing back some of those losses. Now it's down a little bit more than 1%. Qualcomm reported first quarter earnings that beat, but the company's second quarter forecast missed. Shares of Qualcomm are down about 9% in the post market. Let's check those closing numbers. We do it for you each day here at Bloomberg. The S&P down 35 points. NASDAQ down 351 points. The Dow gained 260 points.

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198.078 - 216.837 Amy Morris

The 10-year Treasury yield at 4.27%. The 2-year yield at 3.55%. Bitcoin down 3.75%, now near $73,000. And some other stories we're watching for you. The Supreme Court has cleared California to use its new congressional map that favors Democrats during this year's midterm election.

217.198 - 236.318 Amy Morris

The justices denied a request from the California Republican Party and the Department of Justice to prevent the state from using its new voter-approved map on the grounds that it's racially gerrymandered, which would make it illegal. California leaders have maintained that this new map was drawn purely to counteract the Republican redistricting in Texas.

236.298 - 258.628 Amy Morris

The Department of Homeland Security will immediately reduce its enforcement presence in Minneapolis by 700 agents and will refocus their efforts on more targeted immigration operations at local jails. About 2,000 federal immigration agents will still stay in Minnesota. Treasury Secretary Scott Besant today told lawmakers stablecoins could be important to government financing.

258.888 - 263.014 Scott Besant

The Genius Act and the stablecoins will be created with that.

Chapter 3: What are the implications of Iran's upcoming nuclear talks with the U.S.?

263.433 - 277.306 Scott Besant

could in fact be an important feature of financing the U.S. government. And we are moving with deliberate speed to round out the House and the Senate's intention.

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277.967 - 293.001 Amy Morris

Besant also declined to express a view on whether President Trump has the authority to fire a member of the Federal Reserve Board over a policy disagreement. The January employment report has been rescheduled for February 11th. That story from Bloomberg's Charlie Pellett.

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292.981 - 319.562 Charlie Pellett

word came from the bureau of labor statistics now the data was originally due february 6 and it was delayed by the partial government shutdown bls announced the changes shortly after funding for a number of agencies including the labor department was restored january's consumer price index due originally on february 11th is now going to be published february 13th the partial shutdown ended late tuesday

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319.542 - 327.399 Charlie Pellett

After President Trump signed into law a funding deal, he negotiated with Senate Democrats. In New York, Charlie Pellett, Bloomberg Radio.

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327.579 - 350 Amy Morris

A man convicted of trying to assassinate President Trump on a Florida golf course in 2024 was sentenced to life in prison. Prosecutors had asked for life without parole. They say the man is unrepentant and has never apologized. President Trump says he'll commit more federal resources to helping to find 84-year-old Nancy Guthrie if necessary. She was reported missing in Pima County, Arizona.

350.34 - 359.954 Amy Morris

She's also the mother of NBC Today show anchor Savannah Guthrie. Trump reportedly spoke with the family today. Sheriff Chris Nanos says investigators are not giving up.

360.074 - 366.002 Unknown

We have nothing else to go on but the belief that she is here. She's present. She's alive.

366.353 - 377.359 Amy Morris

Police are trying to determine if alleged ransom notes are real and whether this was a random or targeted abduction. That's news when you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg.

381.997 - 407.22 Unknown

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 £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.

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