Trump: Touts Inflation Numbers, Could Send 2nd Carrier to Iran, More
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. Speaking to reporters outside the White House on Friday, President Trump trumpeted low inflation numbers.
So the inflation numbers just announced, as you know, are way down and we have it back in track. We had the worst inflation in the history of our country and now we have very modest inflation, which is what you want to have.
Meanwhile, consumer prices rose just two-tenths of a percent in January, the lowest gain since July, while the core reading that leaves out food and energy came in where economists expected. Money markets priced in 63 basis points worth of Fed reductions in 2026, bolstering bets for as many as three rate cuts this year. President Trump also announcing the possibility of a second aircraft carrier heading toward Iran.
Well, in case we don't make a deal, we'll need it. If we don't have a deal, we'll need it. If we have a deal, we could cut it short. It'll be leaving very soon. We have one out there that just arrived. If we need it, we have it ready. A very big force.
That's President Trump speaking outside the White House. Rocket and satellite maker SpaceX is considering a dual-class share structure in its planned IPO, which would give select shareholders stock with extra voting power, which would allow them to dominate decision-making. The move would also allow insiders such as founder Elon Musk to maintain control of the company, even with a minority stake. SpaceX is seeking to hold an IPO later this year in a deal that could raise as much as $50 billion to fund artificial intelligence data centers in space and a factory on the moon. While both houses of Congress are currently in recess, with no spending bill for the Department of Homeland Security agreed to, Democratic Representative Debbie Wasserman Schultz says in a Bloomberg interview that she blames Republicans for refusing to rein in the behavior of immigration agents.
What Democrats are doing is making a stand that in the United States of America, we do not allow law enforcement entities the right to just come into your home with a battering ram, masked thugs, stopping people randomly based on their accent, their skin color, or how they look.
That's Democratic Representative Debbie Wasserman Schultz on Bloomberg. U.S. consumers and businesses paid nearly 90 percent of the cost of President Trump's tariffs last year. That's according to the Federal Reserve, which says consumer and firms continue to bear the bulk of the economic burden in 2026. So contrary to President Trump's claims, foreign exports are only eating around 10 percent of those duties. Treasury Secretary Scott Besson says there may be a deal to hold confirmation hearings for Fed Chair nominee Kevin Warsh, even with Republican Senator Tom Tillis threatening to delay the vote until the investigation to current Chair Jay Powell and Governor Lisa Cook are resolved. We get reaction from Senator Tillis talking to Bloomberg TV at the Munich Security Conference.
Well, we could have a hearing all we want, but until the investigation is done, I still believe that the initial inquiry and the investigation was a flex to try and get the current chair to step aside.
What inflation numbers did President Trump highlight?
That's Republican Senator Tom Tillis speaking to Bloomberg TV at the Munich Security Conference. Goldman Sachs CEO David Solomon commenting on the resignation of the firm's top lawyer Kathy Rumler after a months-long saga over her previous association with Jeffrey Epstein. In documents released by the Department of Justice, it's been revealed that Rumler had accepted tens of thousands of dollars in gifts from Epstein. Solomon gave details of the resignation.
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