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Chapter 1: What is the main topic discussed in this episode?
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All investing is subject to risk. Vanguard Marketing Corporation Distributor. News when you want it with Bloomberg News Now. I'm Amy Morris. President Trump says he's canceled talks with Iranian officials amid a protest crackdown telling Iranian citizens, quote, help is on its way.
Trump did not offer details about what that help means, but has called on protesters to take over institutions in Iran. and has repeatedly threatened Tehran with military action if his administration finds the Islamic Republic is using deadly force against the protesters. Activists say the death toll from the nationwide protests in Iran has now spiked to at least 2,000 people killed.
This level of violence around protests has not been seen in Iran in decades. German Chancellor Friedrich Merz says Iran's regime is in its final days because of these protests, stating that when a regime can only hold on to power through violence, it is effectively finished.
JPMorgan Chase is warning that President Trump's call for a 10 percent cap on credit card rates threatens to significantly change its business and would harm the bank and its customers. Industry groups say a 10% interest rate cap would reduce credit availability and be devastating for millions of Americans and small business owners who rely on and value their credit cards.
President Trump doubled down on his criticism of Fed Chair Jay Powell, the president speaking to reporters, as he was about to leave for Michigan.
He's billions of dollars over budget. So he either is incompetent or he's crooked. I don't know what he is, but he certainly doesn't do a very good job.
J.P. Morgan CEO Jamie Dimon says the Trump administration's attacks on the Federal Reserve has the potential to undermine the independence of the central bank and could hike borrowing costs. J.P. Morgan Chase shares are more than 3% lower after it kicked off fourth quarter earnings season with mostly positive results. Herman Chan is a senior U.S. banks analyst for Bloomberg Intelligence.
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Chapter 2: What recent actions did President Trump take regarding Iran?
That's up a little bit. And rent itself up four-tenths on the month.
Bloomberg's Mike McKee. President Trump is set to tout his economic agenda in a visit to Battleground, Michigan this afternoon. Bloomberg's Tyler Kendall with more from Washington.
This is a president that's probably going to put more of a focus on his more populous messaging and that slew of policies that we've seen in recent days. Those proposals, including a cap on credit card interest rates, banning institutional investors from buying single family homes.
And then his post yesterday saying he's working to ensure big tech companies don't drive up electricity costs for consumers amid the AI boom.
Bloomberg's Tyler Kendall reports the president will visit a Ford F-150 factory and address the Detroit Economic Club at 2 p.m. Wall Street time. You can hear the president's remarks live on Bloomberg Radio or watch on Bloomberg Television or the Bloomberg Podcasts page on YouTube.
Former President Bill Clinton and former Secretary of State Hillary Clinton say they will refuse to comply with a congressional subpoena for them to testify in an investigation into Jeffrey Epstein. The Clintons are slamming the committee's attempts as legally invalid.
In a letter released on social media, the Clintons tell the chair of the House Oversight Committee, Republican Representative James Comer, that he's on the cusp of a process, quote, literally designed to result in our imprisonment. Comer says he'll begin contempt of Congress proceedings next week. Meta Platforms is doubling down on smart glasses.
Bloomberg News has learned it is talking with Ray-Ban's parent company about boosting capacity for AI-powered frames to 20 million or more by the end of the year. Bloomberg Tech host Ed Ludlow with more.
The reason this has been a success is for Meta, the glasses have been the form factor by which consumers engage with Meta AI, a voice-based AI assistant. It's not so much the novelty of the front-facing camera or the ability to listen to audio. It's the ability to use the AI in that medium.
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Chapter 3: How are protests in Iran impacting the regime's stability?
But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients. We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income.
So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor.
Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.
Chapter 4: What concerns does JPMorgan have about Trump's proposed credit card rate cap?
Hi, I'm Karen Moscow.
And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations.
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