Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£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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Chapter 2: What recent action did the US government take regarding the Pentagon's China document?
I'm Nathan Hager. We have breaking news out of Washington. The U.S. government has pulled a Pentagon document that listed firms linked to the Chinese military. The companies on what's known as the Pentagon's 1260H list had included Alibaba, Baidu and Huawei technology.
Chapter 3: What companies were listed on the Pentagon's 1260H document and how did they respond?
We get more from Bloomberg tech anchor Caroline Hyde.
Alibaba has come back and sort of more broadly has According to Reuters, has responded saying that there's no basis to conclude that Alibaba should be placed on the Section 1260H list. Alibaba is not a Chinese military company nor part of any military civil fusion strategy.
Bloomberg's Caroline Hyde. Now, a note on the government's federal register says it received an agency request to remove the document after it was placed on public inspection. The Pentagon says in a statement to Bloomberg News, quote, we have nothing to announce at this time. Alibaba shares traded in the U.S. are still lower. They're down 1%. Baidu is down 1% as well.
NIO, which was also on this list, is lower by seven tenths of 1%. The Justice Department is suing Harvard University for allegedly failing to hand over documents related to investigations into racial discrimination in admissions. This case was filed in federal court in Massachusetts this morning. It says the Ivy League school has slow-walked the documents for 10 months.
DOJ is asking the court to declare Harvard in violation of the law. The university has not immediately responded to a request for comment.
stocks are moving lower this morning after a relatively mild reading on inflation to start the year january consumer prices rose just two-tenths of one percent that was the lowest pace since july the core reading that leaves out food and energy rose as expected and now traders are placing 50 50 odds that the fed could cut rates three times this year not just two bloomberg economics correspondent michael mckee says investors might want to wait remember cpi
There wasn't one in October, so the government just put in zeros for the month, which has biased CPI lower. PPI has been rising. It's still over 3%. And Bloomberg's Mike McKee notes the next read on producer prices, PPI, won't come out for another two weeks. The White House is reportedly working to narrow President Trump's broad steel and aluminum tariffs.
Bloomberg Global Trade Editor Brendan Murray says some of the duties have proven complicated for businesses.
The administration rolled out a lot of tariffs last year, steel and aluminum included, in a sort of rushed and chaotic way. And it feels like what we're hearing now is they're kind of course correcting and trying to narrow things.
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