US Jobless Claims Top All Estimates, Trump on Fed, ICE, More
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News when you want it with Bloomberg News Now. I'm Karen Moscow and we'll get to President Trump's wide-ranging interview with NBC News. But first, a look at the jobs market this morning. Applications for U.S. unemployment benefits rose by more than forecast last week when severe winter weather curtailed business activity. initial claims increased by 22 000 to 231 000 in the final week of january claims exceeded all estimates in a bloomberg survey of economists continuing claims a proxy for the number of people receiving benefits increased to 1.84 million in the previous week also this morning u.s companies announced the largest number of job cuts for any january since the depths of the great recession in 2009
that according to data from outplacement firm Challenger Gray and Christmas, companies last month announced 108,435 job cuts, a 118% increase from a year earlier. We get more with Bloomberg's Michael McKee.
Who cut the most? Well, transportation was the biggest, and that was largely due to UPS announcing 30,000 job cuts, followed by Amazon and their 16,000. But health care, which is an unusual one to be in this category, was also big.
And that's Bloomberg's Michael McKee. The report also showed hiring intentions slid 13% from a year earlier to 5,306, marking the weakest total for any January in the firm's records back to 2009. We did get two interest rate decisions this morning. The European Central Bank kept interest rates unchanged as officials assessed the economic toll of a rally in the euro and renewed trade unpredictability. The deposit rate was left at 2%. The ECB did not offer guidance on future steps, reiterating that incoming data will steer decision-making. Meanwhile, the Bank of England came within a vote of cutting interest rates as policymakers split 5-4 in favor of holding at 3.75%. The pound extended losses after the decision, having been under pressure as a fresh round of political turbulence weighed on U.K.
assets. President Trump has given a wide-ranging interview ahead of Super Bowl Sunday, and in the conversation with NBC News, the president said he personally decided to pull 700 federal agents from Minnesota amid the uproar over two American deaths in Minneapolis.
Maybe we can use a little bit of a softer touch.
The president said he's not happy about the killings of Alex Pretty and Renee Good, and ICE isn't either. A Quinnipiac poll shows 63% of voters think the administration has not given an honest account of Pretty's death. When it comes to the Fed, President Trump also said he would not have picked Kevin Warsh to lead the central bank if he wanted to raise interest rates. The president was asked what he thinks about Fed independence.
In theory, it's an independent body, but I think, you know, I'm a smart guy. I know the economy better than almost everybody.
And in the NBC News interview, President Trump said he plans to stay out of the fight between Netflix and Paramount Skydance over Warner Bros. Discovery. And he says if he wins his $10 billion lawsuit against the IRS and the Treasury Department over an unauthorized release of his tax returns, he'd donate the proceeds to charity. Meanwhile, CNN is reporting that President Trump will launch the TrumpRx pricing site today. It named people familiar with the matter, and this is the Trump administration's website for direct-to-consumer drug sales. There's been no public sign of a response to NBC Today show host Savannah Guthrie's message to her 84-year-old mother's apparent kidnapper. In a recorded video on social media, Guthrie said her family is ready to talk, but she says they want proof that Nancy Guthrie, who authorities believe was taken from her home in Arizona against her will, is still alive.
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