Trump Lobbies for Shutdown Deal; Clintons to Testify in Epstein Inquiry

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning.
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today.
Karen, we begin with efforts to reopen the government. Four
days into a partial shutdown, President Trump is urging House
Republicans to pass the measure that would fund the Homeland
Security Department for two weeks. That's to allow for more
time to negotiate on limits to immigration enforcement. The President says,
even Democrats want to see this resolved.
I spoke with Senator Schumer numerous times, and I don't
think they want to.
See a shutdown in President Trump spoke from the Oval Office.
A couple of Republican holdouts, Anna Paulina Luna of Florida
and Tennessee's Tim Burchett, dropped their opposition to the bill
after speaking with the White House. That clears the way
for a vote today. House Minority Leader Hakim Jeffrey says
Democrats are pushing for dramatic changes.
The American people want to see the mass come off.
The American people want to see body cameras turned on.
How Democratic leader Hakim Jeffreys now Homeland Security Secretary Christy
Nomes says ICE agents will start wearing body cameras in
Minneapolis after the outcry over two American deaths there last month,
but as the shutdown continues, its effects are being felt.
The Labor Department says the January jobs report that was
due this Friday will be delayed because the agency is closed.
Nathan.
President Trump says he's seeking one billion dollars in damages
from Harvard University after The New York Times reported as
his administration had backed off demands for two hundred million
dollars to satisfy accusations of wrongdoing by the Ivy League institution.
Trump called the Times article completely wrong. The administration has
waged an aggressive campaign against Harvard and other universities over
accusations of anti semitism linked to campus protests against Israel's
military campaign in the Causa.
Strip car and their new developments in the Jeffrey Epstein case.
Former President Bill Clinton and his wife, former Secretary of
State Hillary Clinton, are now green two testify in the
House Oversight Committee's investigation into the late sex offender. The
full House had planned to vote this week to hold
the Clinton's and criminal contempt if they continued to defy
subpoenas now. Republican Congressman Virginia Fox says that vote is
on hold.
However, should there not be substantial compliance and agreement overnight,
the committee will return to continue the hearing on the contempt.
Republican Virginia Fox spoke at a committee hearing on the
contempt to vote.
In another development, Nathan, the NFL says it will review
emails that have surface between Jeffrey Epstein and New York
Giants co owner Steve Tish. Dozens of them were released
in the Justice Department's latest batch of millions of Epstein files.
Commissioner Roger Goodell says it's too soon to say whether
Tish will face punishment.
We are going to look at all thefax We're going
to look at the context of those, We're going to
try to understand that, and we'll look at how that
falls under the policy. But I think we'd take one
step at a time. Let's get the facts first.
NFL Commissioner Roger Goodell spoke at the league's annual pre
Super Bowl news conference. Hish released a statement saying he
had a brief association with Epstein but never took up
any of his invitations and never visited his island.
Now, Karen, let's turn to the latest on geopolitics. President
Trump says he anticipates talks with Iran over a new
nuclear deal in the coming days.
The President spoke with reporters at the White House right now,
we're talking to them.
We're talking to Iran, and if we can watch something out,
that'd be great, and if we can't, probably.
Bad things would happen.
President spoke after Iron Supreme Leader I had told Alikameeni
warned over the weekend of a regional war if his
country is attacked Nathan.
President Trump and India's Prime Minister and Narendra Modi have
agreed to a surprise the eldest slash American tariffs. US
levies on Indian goods are being cut from twenty five
to eighteen percent, will an additional twenty five percent punitive duty.
Time to purchase his Russian oil is being scrapped. Writing
on social media, the President said India had agreed to
buy five hundred billion dollars of US goods and halt
crude purchases from Russia as part of the deal.
Turning to the markets, now, Karen, futures are higher following
yesterday's gains on Wall Street dip buyers or back in
precious metals. Gold is up five and a half percent
after dropping thirteen percent the last two days, and silver
is surging more than twelve and a half percent this morning.
That precious metal plunged more than thirty percent since last week.
James Steele is Chief Precious Metals Analyst at HSBC.
Any commodity that has this parabolic rally that gold and
silver had and the new entrance into the market which
they were flooding in and have been for many many
months now, it really does invite a volatility and be
profit taking stroke liquidation on any news or developments that
run counter to gold.
HSBC Chief Precious Metals analyst jameson Steal thinks gold may
reach fifty five hundred dollars announced this year.
Right now, it's trading at forty nine to nineteen.
In company news, Nathan shares a Pallenteer they're at more
than ten percent this morning. The analytics company forecast revenue
for the year that significantly exceeded Well Street estimates. Gil
Luria covers Pallenteer for DA Davidson.
They exceeded very high expectations. Their growth accelerated from more
than sixty percent to more than seventy percent. There's no
other software company even close. If you look at software
companies two through ten, they're happy to grow somewhere between
twenty and thirty percent, and they're usually decelerate.
And Da Davidson's Galaloria. It's been a tough go for
Pallenteer as of late. The stock has dropped twenty nine
percent from its November peak and was down seventeen percent
to start twenty twenty six.
Karen, the world's richest man, is looking to fuel his
increasingly cost the ambitions in artificial intelligence and space exploration.
Bloomberg's John Tucker's here with more, John, what is Elon
Musk up to?
Well, Nita Musk Combining SpaceX and Xai, this is the
deal that values the enlarged entity at one and a
quarter trillion dollars. The deal brings together two of the
largest closely held companies in the world. It all sounds
a little buck Rogers. SpaceX said it acquired Xai to
form the most ambitious vertically integrated innovation engine on and
off Earth, with AI rockets, space based internet, direct to
mobile device communications and the world's foremost real time information
and free speech platform. That's free speech as defined by
Elon Musk and explaining the rationale for the deal. Musts
in the statement that the least expensive way to do
AI computations within two to three years will be in space.
SpaceX also requesting permission to launch as many as a
million satellites in the Earth orbit for this plan. The
company is still expended to hold an initial public offering
later this year, according to our sources in New York,
Im John Tucker Bloomberg Radio.
Time Now for a look at some of their stories
making news in New York and around the world, and
for that we're joined by Bloomberg's Michael Barr.
Michael, good Morning, Good morning Karen. President Donald Trump called
on Republicans to seize control of election processes from individual
states and nationalize it, signaling that he may push for
drastic measures to change the dynamics of the midterm elections.
President Trump's powers to change election policies are limited the
US Constitution in dall's state legislatures, with the power to
set the time, place, and manner of holding elections. New
York City Mayor Zuron Mamdani said Monday, and that the
bitter cold claimed two more lives in the city.
Sixteen of our fellow New Yorkers have passed away outside
during this brutal stretch of cold. In thirteen of these cases,
preliminary findings indicate that hypothermia played a role, and three
of these deaths appear to be overdose steps.
More autopsy results are still coming in from the Medical
Examiner's office. Mamdannie says they are continuing to do everything
in our power to get every New Yorker into a
shelter where they will be warm. Whether related deaths have
also been reported in New Jersey, Long Island and across
the nation. A dozen Palestinians returned to be allowed into
Gazam and a few medical evacuees exited to Egypt Monday,
after the long awaited reopening of the Rafa border crossing
was marred by delays. Authorities say Nancy Guthrie, the eighty
four year old mother of Today's show host Savannah Guthrie,
may have been kidnapped while she slept. She has been
missing since Saturday night, when she was in her home.
They say, if she does not receive her regular medication,
soon her life could be at risk. Former CNN anchor
Don Lemon answered questions about his arrest over coverage of
an anti ice protest at a Minnesota church, and spoke
with ABC Late Night host Jimmy Kimmel.
I'm not a protester. I went there to be a journalist.
I went there to chronicle and document and record. Lemon
also says he was arrested during the pre Grammy coverage
in Los Angeles, although he had offered days earlier to
surrender to federal agents. Lemon is charged under the Face Act,
making it illegal to obstruct or prevent people from exercising
religious freedoms in places of worship. Global News twenty four
hours a day and whenever you want it with the
Bloomberg News Now, Michael barn This is Bloomberg.
Karen, Thanks Michael.
All time now for our Bloomberg Sports updating. For that,
we bring in John Stashauer, Hes.
Darren Cawch basketball double header of the ACC.
North Caromina beat Syracuse eighty seven, seventy seven of the
Big Twelve. Kansas won sixty four to sixty one at
Texas Tech. NBA trade deadline Thursday, three o'clock does Milwaukee
trade Giannis. Unto the Kompo, the team said to be
most interested the Nicks, Miami, Golden State, and Minnesota. At
the Super Bowl, fl Roger Goodell says needs to be
done on improving diversity. Ten coaches were just hired, none
of them African American. That to Bloomberg Sports Upteat.
Stay with us. More from Bloomberg Daybreak coming up after this.
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Bloomberg Business app. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager.
Diplomacy maybe taking a front seat between the US and Iran.
President Trump says he expects new talks on a new
nuclear deal in the coming days, even as he continues
to one of a big armada in the Persian Gulf.
Defense Secretary Pete Hegseth says Iran can never have a
nuclear weapon.
They can either negotiate on that front or if we
have other options, that's why the.
Ward department in two.
Defense Secretary Pete Hegseth spoke on a tarmac in Florida
this morning. We're joined by Bloomberg News national security reporter
Nick Wadham, So, Nick, the President says talks are coming,
while he's still warning of these big ships in the Gulf.
Where do things stand this morning.
That's a great question, Nathan. The administration is not saying.
But what we do know is that there's the possibility
at least of an off ramp. US officials are expected
to meet face to face with Iranian officials in the
coming days, though you know, the terms of those discussions
are not clear, given that Trump has said earlier the
Iranian nuclear program had been completely obliterated by those airstrikes
last June. So what exactly they would negotiate over is
one big question. And then, of course the other is,
you know, the president, as we saw from Venezuela, he
deploys a big military force in the region. It's going
to take something pretty big for him not to feel
the compulsion to use it. So we've got a lot
of questions swirling around what exactly these talks will look like.
Is there still the question about what the ultimate goals
are here? Because last month the President was talking about
potentially attacking Iran over the protest crackdown in that country.
Now it seems there's been a pivot to putting nuclear
talks back in the discussion, right, So this.
Has been one of the issues that's been a little
bit confusing to try to discern what the administration's strategy
actually is, because, as you mentioned, President Trump had indicated
earlier that he was sending these military forces there essentially
as a way to get Iran to stop cracking down
on these protests that have rocked the country in recent weeks.
But then he came out with this sort of surprise
social media post last week where he said, you know,
his big demand was no nuclear weapon. We've since learned
that it seems the US officials want to expand those
discussions to put limits on Iran's ballistic missile program and
also so that it doesn't fund proxy groups in the
Middle least. So that's a pretty expansive of demands that
Iran's going to have a hard time agreeing to, especially
on the ballistic missiles. But again we have not really
gotten precise clarity on what President Trump actually wants the
Iranians to do.
Of course, we heard over the weekend from Iran Supreme
leader the Iatola, warning of a regional war if the
country's attacked at the same time, Iran's been holding regional discussions.
Do we have a sense of where Iran's stance is
right now, Well.
You know, they have a very tricky line to walk
walk because you know, on the one hand, the US
has launched air strikes against them directly under President Trump
last June, and that was pretty devastating, and there was
this twelve day war with Israel where Israel also essentially
gained total dominance over there over their skies, so they
have to be careful there while also trying to retain
their own legitimacy and project a sense of control. So
they have said, listen, we are going we are willing
to have these conversations with the US.
But we are not going to do so under threat.
Now.
Obviously, if you have an aircraft carrier off of Iran,
it does appear they're not going to have much choice
but to do those conversations under threat. But I think
what you're seeing is they are looking for the US,
at least for now, whether this is unrealistic or not,
to try to tone down the rhetoric a little bit
so they can do these talks and save some face
heading into them. What the outcome will be and what
they're actually going to be forced to agree to is
another thing.
Entirely. This is Bloomberg Daybreak, your morning podcast and the
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