Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

  1. -6 H

    House Rejects Trump Tariffs; GOP Passes Voter ID Bill

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump’s tariff policies suffered their strongest political blow yet with the Republican-led US House passing legislation aimed at ending the president’s levies on Canadian imports. Wednesday’s vote represents an increase in political pressure to change course on Trump’s signature economic policy just months before the midterm elections, including by forcing swing-district Republicans affected by the tariffs to weigh when or if to cross the president by voting against his agenda. The vote also signals a growing anxiety over the White House’s economic agenda before elections that are expected to focus heavily on affordability. Democrats were quick to attack the Republicans who voted to protect the tariffs, blaming them for shielding policies that increase the cost of living for their voters. While Trump is almost certain to veto any bill calling for a repeal of his tariff agenda, making it unlikely the measure will ever become law, defections from six Republicans alongside opposition from nearly all Democrats underscore his increasingly tenuous hold on the narrow House majority.2) Republicans advanced voter ID legislation over the opposition of most Democrats Wednesday as House GOP leaders seek to convince their Senate counterparts to muscle through the bill. Conservatives are touting the measure, which the House passed by 218-213, as necessary to beef up election security ahead of the November midterms and 2028 presidential race. Most Democrats oppose the legislation, dubbed the SAVE America Act, and argue it would amount to voter suppression, especially for marginalized groups. The bill faces steep obstacles in the Senate, where GOP leaders would need 60 votes to overcome the legislative filibuster. House Republicans are urging Senate Majority Leader John Thune (R-S.D.) to change Senate rules to advance the bill, but the measure’s House backers are also looking at opportunities to tack it onto must-pass bills.3) Democratic lawmakers accused Attorney General Pam Bondi of using the US Justice Department to target enemies of President Donald Trump and bungling the release of files on disgraced financier Jeffrey Epstein during a fiery hearing Wednesday. “You’ve turned the people’s Department of Justice into Trump’s instrument of revenge,” said Jamie Raskin, the top Democrat on the House Judiciary Committee in Washington. “Trump orders up prosecutions like pizza. And you deliver every time.” Raskin cited Justice Department probes of former FBI Director James Comey, New York Attorney General Letitia James and six members of Congress who recorded a video urging military service members to refuse unlawful orders. Prosecutors failed to get grand jury indictments of Comey and James, and the New York Times reported Tuesday that the department also failed to secure indictments of the lawmakers. See omnystudio.com/listener for privacy information.

    15 min
  2. -1 J

    Guthrie Investigation Intensifies; Ten Dead in Canada School Shooting

    Today's top stories, with context, in just 15 minutes. On today's podcast:1) An individual who the authorities described as a person of interest has been taken into custody regarding the disappearance of Nancy Guthrie in Arizona more than a week ago, a person familiar with the matter said on Tuesday night. The case, which has attracted international attention, took a dramatic turn earlier Tuesday when the Federal Bureau of Investigation released photo and video images of the possible suspect outside Guthrie’s home near Tucson. A video posted on X shows a masked individual wearing gloves approaching the front door with what appears to be a handgun in a holster and carrying a large backpack. Meantime, the AP reports the FBI and Pima County Sheriff's Department were conducting a court-authorized search at a location in Rio Rico, Arizona, in connection with the investigation.2) At least 10 people are dead and 25 injured after a mass shooting in northeastern British Columbia, according to the police. After a report of an active shooter at Tumbler Ridge Secondary School at 1:20 p.m. local time, responders found six people dead in the school, as well as the suspected perpetrator, who appears to have died from a self-inflicted injury, the Royal Canadian Mounted Police said in a statement. Three victims were airlifted to hospital with serious injuries, but one died in transit. Police said they also identified a residence that they believed to be connected to the incident, where they found another two people dead. Investigators are now searching additional properties to determine the scope of the tragic event, which appears to rank as one of the deadliest mass shootings in Canadian history.3) House lawmakers are set to vote Wednesday on whether to reject some of President Trump’s tariff policies, ahead of a midterm election focused heavily on anxiety over the US cost of living. The votes on the measures — starting with a resolution opposing the president’s tariffs on Canada — are set to come after lawmakers on Tuesday night rejected a last-ditch effort from House Speaker Mike Johnson to prevent them. Johnson, one of Trump’s chief allies in Congress, has led a legislative blockade for months to insulate the tariffs, pushing procedural rules that effectively prevented his chamber from ending the president’s sweeping tariff authority. A fresh Johnson-backed measure would have extended that ban through the end of July. See omnystudio.com/listener for privacy information.

    15 min
  3. -2 J

    Memory Chip Squeeze Widens Gap; Alphabet's Global Debt Binge

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The relentless surge in memory chip prices over the past few months has driven a vast divide between winners and losers in the stock market, and investors don’t see any end in sight. Companies from game console maker Nintendo Co. to big PC brands and Apple Inc. suppliers are seeing shares slump on profitability concerns. Memory producers, meanwhile, are soaring to unprecedented heights. Money managers and analysts are now assessing which firms can best navigate the squeeze by locking in supplies, raising product prices or redesigning to use less memory. A Bloomberg gauge of global consumer electronics makers is down 10% since the end of September while a basket of memory makers including Samsung Electronics Co. has surged roughly 160%. The question now is how much is priced in.2) Alphabet Inc. is selling sterling and Swiss franc-denominated bonds for the first time, including an ultra-rare issue of a 100-year note, following a bumper $20 billion deal in the US. Google’s parent company is offering five tranches each of sterling and Swiss franc notes, according to people familiar with the matter, who asked not to be identified. The 100-year sterling bond is the first sale of such long-dated debt by a technology firm since the dot-com era. The sterling issue includes tenors of three to 32 years as well as the 100 year bond. The Swiss franc deal includes maturities of three, six, 10, 15 and 25-year bonds. Both deals are expected to price later today, the people said.3) President Trump said his pick to lead the Federal Reserve can stoke the economy to grow at a rate of 15%, an exceedingly rosy target that nonetheless underscores the pressure that Kevin Warsh will face if confirmed to the role. Trump, speaking in an interview with Fox Business, said Warsh was the “runner up” in his last search and that it was a big mistake to pick Fed chair Jerome Powell. It was not fully clear if Trump was referring to year-over-year growth or some other metric. The US economy, which is seen expanding 2.4% this year, has grown at an average annual rate of 2.8% over the past five decades. Gross domestic product has only risen at a 15%-plus pace a few times since the 1950s, including in the third quarter of 2020 as businesses reopened following pandemic-related closures. See omnystudio.com/listener for privacy information.

    15 min
  4. -3 J

    Seahawks Win Super Bowl; China to Curb US Treasury Exposure

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Seattle Seahawks won their second Super Bowl title on Sunday, beating the New England Patriots by a score of 29-to-13 at Super Bowl LX at Levi's Stadium in Santa Clara, CA. The Seahawks' defense came out strong, recording six sacks and forcing two interceptions against Patriots quarterback Drake Maye. Seahawks RB Kenneth Walker III was named Super Bowl MVP for his offensive efforts, becoming the first running back to win the award since the Denver Broncos' Terrell Davis in 1998.2) Chinese regulators have advised financial institutions to rein in their holdings of US Treasuries, citing concerns over concentration risks and market volatility, according to people familiar with the matter. Officials urged banks to limit purchases of US government bonds and instructed those with high exposure to pare down their positions, the people said, asking not to be identified discussing private deliberations. The directive doesn’t apply to China’s state holdings of US Treasuries. Communicated verbally to some of the nation’s biggest banks in recent weeks, the guidance reflects growing wariness among officials that large holdings of US government debt may expose banks to sharp swings, the people said. The worries echo those made by governments and fund managers elsewhere amid a brewing debate over the safe haven status of US debt and the appeal of the dollar.3) Japanese Prime Minister Sanae Takaichi secured a historic election triumph, positioning her as the nation’s strongest leader in the postwar era in an outcome that sent stock prices and bond yields soaring. Her ruling Liberal Democratic Party achieved the biggest post-war victory for a single-party in a general election in Japan, an extraordinary transformation of fortunes for a party that was on the ropes last summer before getting behind the nation’s first ever female premier in October. The LDP secured a two-thirds super majority in the 465-seat lower house by itself, according to public broadcaster NHK. A tally of results by NHK early Monday showed that the ruling coalition had won 352 seats in the lower house, expanding its previous razor-thin majority of 233 by a considerable margin. The LDP’s haul of 316 seats gives it a higher proportion of representatives in the lower house than any other party in post-war Japan. See omnystudio.com/listener for privacy information.

    17 min
  5. -6 J

    Amazon Selloff on Massive Spend; Bitcoin Traders Buy Dip

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Amazon.com shares tumbled in premarket trading on Friday after the e-commerce and cloud-computing company’s $200 billion annual capex forecast is much higher than expected, underlining concerns about how much big tech companies are spending on AI-related investments and when they will pay off. The company reported spending roughly $130 billion on property and equipment in 2025. Analysts anticipated those expenses would reach about $150 billion this year. Chief Executive Officer Andy Jassy said the money “predominantly” would go toward the company’s Amazon Web Services cloud unit, and most of that spending would be for AI workloads.2) Bitcoin whipsawed in a volatile trading session after a selloff that briefly dragged the token to a more than 50% retreat from its October peak. The original cryptocurrency rose as much as 5.8% on Friday and traded around $64,800 at 9 a.m. in London. Earlier in the session, it came close to falling below $60,000 for the first time since October 2024. Cryptocurrencies have been on shaky ground ever since a brutal series of liquidations in October that sapped market confidence. The selling picked up steam this week in line with the unwinding of leveraged bets and broader market turbulence. 3) President Trump called for the creation of a new nuclear arms treaty with Russia, as the existing New START agreement between the two nations expires and fuels concern about the possibility of a new arms race. The pact — formally known as the New Strategic Arms Reduction Treaty — built on efforts to reduce the nuclear weapons arsenals amassed during the Cold War. The deal expired on Thursday, raising the possibility that the US and Russia could potentially pursue new nuclear weapons unhindered by any diplomatic agreement while geopolitical tensions between Washington and Moscow rise. See omnystudio.com/listener for privacy information.

    16 min
  6. 5 FÉVR.

    Trump Orders Minneapolis Pullback; US-Iran Talks Set for Friday

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The Department of Homeland Security will immediately pull 700 officers from Minneapolis, a reduction of about a quarter, amid efforts to deescalate tensions after federal agents killed two US citizens. White House border czar Tom Homan, who President Trump sent to Minneapolis as part of an effort to ease pressure amid local outrage, emphasized a shift to more targeted enforcement after a surge of immigration agents sparked widespread protests. Homan also said cooperation with local authorities to detain immigrants with criminal records had improved. About 2,000 federal immigration agents will remain, down from the peak of the operation but still much higher than the roughly 150 officers that would be normal, Homan told reporters Wednesday.2) President Trump sent a fresh warning to Iran’s leaders as US military forces amass in the region, even as diplomatic talks between Washington and Tehran were set for later this week. “I would say he should be very worried, yeah. He should be,” Trump said in an interview with NBC News on Wednesday, when asked about Iran’s supreme leader. Iranian Foreign Minister Abbas Araghchi said in a social media post Wednesday that talks with the US were scheduled to be held in Muscat, Oman on Friday morning. The US and Iran still plan to meet in Oman on Friday to discuss a nuclear deal, according to a White House official.3) President Trump said he would have passed on Kevin Warsh as his nominee to lead the Federal Reserve if Warsh had expressed a desire to hike interest rates. The president said there was “not much” doubt the Fed would lower rates because “we’re way high in interest” but now “we’re a rich country again.” Trump’s comments could come up during Warsh’s confirmation process, where the Fed’s independence will likely be a central topic. Trump said he believed “in theory” that the central bank was an independent body, while saying he was a “smart guy” whose economic predictions should be considered. Republican Senator Thom Tillis, a member of the Banking Committee, has pledged to block any of Trump’s nominees to the institution until the Justice Department ends an investigation into the central bank’s renovation. See omnystudio.com/listener for privacy information.

    15 min
  7. 4 FÉVR.

    Government Shutdown Ends; New Iran Negotiations

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The partial US government shutdown ended late Tuesday after President Trump signed into law a funding deal he negotiated with Senate Democrats, overcoming opposition from both ends of the political spectrum amid a standoff over his administration’s immigration crackdown. Trump applauded the funding package as “a great victory for the American people” and stressed that the legislation continues to fund deportation flights, which have provoked backlash from Democrats. Still, a more limited funding lapse looms within days since the Department of Homeland Security is only funded through Feb. 13 while Trump negotiates with Democrats over their demands for new restraints on immigration enforcement agents. The rest of the government is funded through the Sept. 30 end of the fiscal year.2) Iran has asked the US to move diplomatic talks originally planned for Turkey to Oman and to limit the agenda to the Islamic Republic’s nuclear program, according to people familiar with the matter. President Trump reiterated that the US and Iran are maintaining talks, even after an earlier skirmish in the Arabian Sea spooked oil markets amid heightened tensions between the two countries. “We are negotiating with them right now” and “they’d like to do something,” Trump told reporters at the White House Tuesday. Earlier Tuesday, a US F-35C warplane shot down a drone in self-defense as the unmanned aircraft “aggressively approached” the USS Abraham Lincoln with “unclear intent,” US Central Command said in a statement. CentCom said no American service members were harmed and no US equipment was damaged.3) Former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, will appear before a House committee investigating their ties to disgraced financier Jeffrey Epstein on Feb. 26 and 27, the panel confirmed Tuesday. A full House vote had been planned this week to hold the Clintons in criminal contempt if they continued to defy subpoenas in its inquiry into Epstein and his activities. The Clintons “have agreed to appear for transcribed, filmed depositions to face questioning as part of the investigation related to Jeffrey Epstein’s and Ghislaine Maxwell’s crimes,” the committee said in a statement posted on its website. See omnystudio.com/listener for privacy information.

    16 min

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Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

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