Seahawks Win Super Bowl; China to Curb US Treasury Exposure

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 Super Bowl sixty. The Seattle Seahawks
beat the New England Patriots twenty nine to thirteen for
the franchise's second NFL title. For the details, we bring
in Bloomberg's John stash Hour.
John.
All right, Nathan, thank you. There's that old sports cliche
offense wins games, defense wins championships. It was the Seattle
defense that carried them to the victory in Super Bowl
sixty and Santa Clair. In fact, the Seahawks defense scored
as many touchdowns as their offense.
The Patriots have a first down and the clock is
ticking at four thirty eight, and they trailed twenty two
to seven. Shot Gun snap forty four Seattle. He's ben
as he dropped the the.
Ball brief picked up by long few running down the
five thirty twenty ten five.
Touchdown that we won. The call of one of three
second half turnovers by Patriots quarterback Drake May. He got
sacked six times. New England through the first three quarters
had only five first downs and only seventy eight yards
of offense. The Seahawks won twenty nine thirteen, winning back
Kenneth Walker with one hundred and thirty five yards named
Super Bowl MVP. Much work coming up in sports. John
Stash I, we're Bloomberg Radio Care and we.
Look at markets now. Nathan Bloomberg has learned that Chinese
regulators have advised financial institutions to reign in their holdings
of US treasury, citing concerns over concentration risks and market volatility.
The guidance, which was communicated verbally to some of the
biggest Chinese banks in recent weeks, reflects growing weariness among
officials that large holdings of US government debt may expose
banks two sharp swings. Bloomberg's Mark Crinfield covers Asian markets
for Bloomberg News.
The Chinese authorities are warning their banks at home. If
you have got treasury holdings at the moment, or US
bonds in general, prepare for a lot more of a
relativity possible step and you might not be the only ones.
Don't be the last one out of the gate, because
once the bolla and bond start to move, it could
be pretty big. In these situations where treasuries haven't moved
a great deal over the past few weeks, all the
tendacy could increase very quickly. Nobody wants to be the
last person through the exit door.
Bloomer's Mark Cranfield says the move was framed around a
diversifying market risk rather than anything to do with geopolitical
maneuvering or a fundamental loss of confidence in US credit
worthiness and.
Staying in Asia. Karen Japan's Prime Minister Sunday Atakaichi secured
a historic election triumph, marking her as the most powerful
leader in Japan's post war era. Takaichi's Liberal Democratic Party
one a two thirds super majority in Sunday's lower House.
Election analysts say would be a clear mandate for Takaichi
to use fiscal stimulus to break a long standing deflationary cycle.
Treasury Secretary Scott Besson spoke about the election on Fox News'
Sunday Morning Futures Japan.
The Prime minister called a snap election the quickest apple
election in Japanese history, and boy has she had a
big victory today. She's going to have two thirds majority
in the upper House. President Trump in doorst last week
she is a great ally great relationship with the President,
and when Japan is strong, the US is strong in Asia.
That was Treasury Secretary Scott Bessant on Fox News. Later
on x Takaichi said she's looking forward to visiting the
White House in the spring to strengthen the Japan US
alliance in.
The UK and Nathan Keir Starmer's future is in the
balance after a crisis over the appointment of Peter Mandelssohn
as ambassador to Washington, claimed the Prime Minister's closest aid
we head to London. Now get the latest of Bloomberg's
James Who Wilcock James, good Morning.
Good morning, Karen. Nathan the Prime Minister meets his Labour
party mall makers tonight, as his aides tell Bloomberg they
are bracing for some U Stamas senior ministers to walk
into Number ten Downing Street and threaten to quit unless
he steps down. Eighteen months after winning a landslide majority,
the UK leader's job is on a knife edge. It
wasn't supposed to be this way, but a series of
policy U turns, uplomenting popularity and now fallout from the
Epstein saga has changed the narrative around this Prime minister.
Now in markets and in Westminster, many are asking if
his days are numbered. In London, James Wilcock Bloomberg Radio.
All right, James, thank you. Iran's president Massud Pezeshkian described
Friday's nuclear talks with the US as a step forward.
In an online post. The leader said dialogue has always
been Iran's strategy, but he added the regime would not
be intimidated. In recent weeks, President Trump has moved large
amounts of military power to the Middle East and threatened strikes.
The President called Friday's talks quote very good and said
another meeting is set for early this week.
And Washington, Nathan lawmakers have less than a week to
reach an agreement on reigning and immigration enforcement before funds
run out for the Department of Homeland Security. House Minority
Leaderhikim Jeffrey says Democrats won't give in on any of
their demands on border patrol and immigration and customs enforcement.
We know that ICE is completely and totally out of control.
They've gone way too far and the American people want
them reigned in.
House Minority Leader HOCKEYM. Jeffries discussed democrats lists of ten
proposed restrictions on CNN State of the Union. Republican Congressman
Tony Gonzalez of Texas says some demands like body cameras
make sense, but he says Republicans will not give in
on other proposals.
I'll tell you what's not going to be in there.
Amnesty for illegue aliens. I'll tell you what's not going
to be there, Stripping away protections for law enforcement officers
that are trying to protect themselves. If writers get to
wear masks, then law enforcement gets some wear masks.
Texas Republican Tony Gonzalez appeared on CBS's Face the Nation,
which you can hear every Sunday on Bloomberg Radio. If
Congress can't reach a deal by Friday night at DHS
shutdown would affect Customs and Border Protection FEMA, the Transportation
Security Administration, and the Coastguard. ICE would still have seventy
five billion dollars in funds from President Trump's tax and
spending cut law.
Caring the Trump administration plans to appeal a temporary court
order blocking the federal government from withholding funds for a
sixteen billion dollar rail tunnel under the Hudson River between
New York and New Jersey. The Gateway Development Commission is
building the new tunnel, but had to stop construction late
Friday because it has exhausted all its funding resources. New
York and New Jersey sued the administration in federal court
after Gateway filed its own lawsuit in an effort to
unlock more than two hundred and five million dollars of
federal funds. In the Court of Federal Claims. On Friday,
a federal judge sided with the States and ordered the
Trump administration to release the funds.
Well Nathan. In a message posted to social media this
week and today's show anchor Savannah Guthrie addressed whoever is
holding her mother. She appeared alongside her siblings, and Guthrie
said they will pay ransom for her return.
We received your message, understand. We beg you now to
return our mother to us so that we can celebrate
with her. This is the only way we will have peace.
This is very valuable to us.
And we will pay.
Investigators believe Nancy Guthrie was taken against her will last
weekend from her home just outside Tucson. DNA test show
blood on Guthrie's front porch was a match to her.
That is according to the Pima County Sheriff Chris Nanos.
And in company news Karen Novo Nordisk's shares are surging
this morning. They're up more than eight percent, reversing some
of last week's plunge. That's after Hymns and Hers Health
pulled a copycat version of the new Wagovi weight loss pill.
Hims and Hers says it'll stop offering the treatment. It
said so in a post on X on Saturday, that
was a day after the Food and Drug Administration pledged
to crack down on copycat weight loss drugs. HIMS and
Hers shares in the pre market are down nearly fifteen percent.
Time now for look at some of the other 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. The Seahawks beat the Patriots twenty nine to thirteen,
but one of the most talked about moments of Super
Bowl sixty appeared to come from the halftime headliner Bad Bunny.
The halftime performance was a piece of history, with Bad
Bunny becoming the first Spanish language artist to headline the
show good.
Son.
President Trump said his dislike of Bad Bunny was the
chief reason he opted not to attend Super Bowl sixty,
but for many fans, Bad Bunny was the number one
reason they were there. Senior Nielsen VP Stay CD armists the.
Latino fan base is set to grow with the NFL,
and Nielsen data tells us things are lined up perfectly
for a win.
Kid Rock was the headliner at the conservative alternative to
Bad Bunny's main event at the Super Bowl last night.
Turning Point USA's All American halftime show was streamed during
the concert. There are renewed concerns about press freedom in
Hong Kong and beyond after Jimmy Lai, the seventy eight
year old pro democracy, former media tycoon and a fierce
critic of Beijing, is sentenced to twenty years in prison.
Lai was prosecuted under China's National Security Law. The list
of Republicans criticizing President Trump for the video that depicted
former President Barack Obama and former First Lady Michelle Obama
in a racist meme is growing. From Senator Tim Scott
of South Carolina, the Senate's only black Republican to dozens
of other members of Congress. There is condemnation for posting
it in the first place, and calls for a public apology.
Mark Morel, president of the National Urban League, says this
is beyond how a world leader should behave.
It doesn't surprise me that he wouldn't take responsibility, and
the fact that he would not very quickly take responsibility
and say it was wrong is why the Congress, by
joint resolution should condemn this.
The Urban League's Mark Moreel is also calling on religious
leaders to tell President Trump to apologize. Global news twenty
four hours a day and whenever you want it with
Bloomberg News Now Michael Barr and this is Bloomberg Karen.
Ray, Michael Barr, thank you time now for the Bloombergy
Sports update is brought to you by Flushing Bank. And
for that we bring back John stash Our, John, good morning.
Yeah, thanks Karen. Super Bowl sixty dominated by the defenses.
It wasn't until the fourth quarter that anyone got into
the end zone.
Darnald under center five at the defensive line. He gets
the staff current, Blight picks the hand off her comps.
To blitz Biergos.
The throllers both hoop.
Zone, good Quoder to hover the shutter cat for the
cutter of the uncold, and we got a first touchdown.
All Super Bowl sixty West.
Been one on the call no tds first three quarters
and then four in a span of eleven minutes, two
for each team that Sam Donald td bass, followed by
two from Drake May, but he also threw a forty
five yard six six. May had three second half turnovers,
He got sacked six times in the game, and Donald
of the Seahawks beat the Patriots twenty nine to thirteen.
Donald the Super Bowl winner after a rough first six
years of his career, when he was considered be an
NFL bust.
I told my me and my dad don't really cry
very often. And you know, I told my dad, I was, uh,
you know, and my mom, but you know, just I was.
I'm here because of their belief in me. And they
believed in me throughout my entire career. And I think
that's why I was able to believe in myself almost
at nausea.
And Donald his last two seasons won thirty one game.
Seahawks now two and two in their her history and
Super Bowls. The Patriots are now six and six. The
next weekend began with that thirty eight point loss in Detroit,
with then a twenty two point win in Boston to
tie them with the Celtics for second place in these.
Jalen Brunson, who shot four for twenty on Friday this time,
scored thirty one. The Dolphin Phoenix won by American and
Chris got her up in a playoff with Adeki matsu Yam.
It's already his second.
Win of the year.
Two gold medals for the US and the Olympics. Breezy
Johnson the women's downhill, only the second American to win it.
The other was Lindsay Von sixteen years ago. She crashed
fourteen seconds. In nine days after Von tore racl she
broke her leg in a repeat gold for the US
and teen figure skating. John Stashy I went at Bloomberg
Sports Karen Nate.
Stay with us. More from Bloomberg day Break coming up
after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Good Morning, Van Hager, Treasury yields are rising across the
curve this morning, with sources telling Bloomberg News the Chinese
regulators are urging the country's banks to limit their exposure
to US government debt. People familiar are saying they're citing
concerns over concentration risks and market volatility. For more, We're
joined by Sylvia west All, Bloomberg News Managing director for
FX and Race. She's in our London newsroom this morning. Sylvia,
good morning. How significant could this Chinese warning be for
US treasuries?
I think the timing is quite interesting. I mean, why,
you know, they did frame this around diversifying risk, but
there has been this sort of recent global trend that's
seen India and Brazil lower their exposure to treasuries and
growing doubts kind of about the appeal of US assets.
You've had Trump's threats over Greenland, You've had just general
on needs there, and that's spurred the hunt for alternative
assets such as gold. Although overall, I think, you know,
we have to look at the bigger picture here and overseas.
Holdings of treasuries actually in November to the highest level
on record. That's the most recent data we have so
we have countries like Norway, Canada, and Saudi Arabia offsetting
some of the countries, including China, that have have sort
of let let let treasuries go. And overall last year
as well, treasuries had their best returns for a long time,
and the particularly well compared to other peers. So it
was actually quite a good time to hold treasuries last year,
whether you were you know, domestic or foreign investor. So
there's a there's a sort of broader picture here to tell,
but definitely in terms of timing, in terms of what
it says symbolically, it's an important shift.
And part of this timing is Treasury Secretary Scott bess
And on Fox News yesterday saying that Chinese traders could
be part of the reason why we saw the volatility
in gold last week. Does this point to a new
tension point between the US and China.
It's definitely been something whenever the US has had tensions
with countries around the world that treasuries have come up,
because of course, so much of you know, the huge
amounts of US that are held overseas. I think I
guess the question mark is, you know what kind of
comes into the FED and what his outlook is. I
do think we're probably going to see more of this
back and forth going forward if you kind of look
at what the sort of signals that are being sent
and the timing of it as well, given the sort
of question marks over over US assets coming. So, I
think we're in for a period of volatility in different countries,
and different people might blame one or the other, but
I think what's certain is that you know, in this
time of volatility, people might try and hold their positions
and see where things where things go. That's definitely what
we saw towards the end of the year with treasuries.
Many of the big investment houses held firm on their
calls and held onto their what they were doing because
there was so much uncertainty out there.
This is Bloombery Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or manywhere else you listen.
You can also listen live each morning starting at five
am Wall Street time. I'm on Bloomberg eleven three to
zero in New York. Bloomberg in ninety nine to one
in Washington, Bloomberg ninety two nine in Boston, and nationwide
on serious XM Channel one twenty one.
Plus.
Listen coast to coast on the Bloomberg Business App now
with Apple CarPlay and Android Atto interfaces.
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast
platform to stay informed all day long. I'm Karen Moscow.
And I'm Nathan Hager. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Day Bray