the us postal service says it's topped accepting the us postal service says it's stopped accepting parcels from mainland china and hong kong until further notice. hello. trump and the israeli prime minister, benjamin netanyahu, at the white house. president trump put forward a dramatic shift in policy on the middle east and said the us will take over and own the gaza strip. he told reporters that palestinians would be resettled elsewhere in the region. the us president spoke of levelling the territory to create what he called "the riviera of the middle east". benjamin netanyahu called the proposal something that "could change history". have a listen to both leaders. the us will take over the gaza strip, and we will do a job with it, too. we'll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site and get rid of the destroyed buildings — level it out — create an economic development that will supply unlimited numbers ofjobs and housing for the people of the area. do a realjob. do something different. just can't go back

success by rriami otheranalusts iie ii ii ,, c iciici the us postal success bu ruanu otheranalusts iie ii ii ii 7 iciici the us postal serviceion it'” ' ' earlier. the order to have an impact on threaten to have an impact on major chinese retailers. usps threaten to have an impact on ma not hinese retailers. usps threaten to have an impact on ma not comment ailers. usps threaten to have an impact on ma not comment on ers. usps threaten to have an impact on ma not comment on er the sps did not comment on if the was time temporary suspension'was time donald trump's temporary suspension-was time donald trump's ending to donald trump's order, ending shipments from china. thanks for watching. see you soon. hey, it's lucy with the catch—up. tonight: a shock announcement, are phone bans a thing, are phone bans a good thing, and even animals love banksy. and even animals love banksy; , first, in an but first, in an extraordinary news conference, says he wants trump says he wants the us to take over gaza redevelop it. the us to take over gaza said evelop it. the us to take over gaza said gazap it. the us to take over gaza said gaza c

the us postal service as it holds the delivery from china hong kong. this comes up and hong kong. ostal service isjust announcing it will annonncing it will temporarily from kong suspend parcels from hong kong and until notice. and china untilfurther notice. it's unclear if this is tied to it's nnclear if'this is tied to trump's pledge to reduce donald trnmp's pledge to rednce i as shipments too small value considered too small in value to have import tax. let's get the details with our business reporter. us more reporter. tell us more about this and why they are done this and why they have done this now? ,, , ., , ., now? steve, the statements on their website _ now? steve, the statements on their website did _ now? steve, the statements on their website did not _ now? steve, the statements on their website did not explain . are

the us postal service temporary service announced a temporary halt of the shipment of packages chinalcome to we begin in washington where donald trump has told a news “am" “me has h“ a -e<- — — ——— ——— — at “am" tr-fl ha- h“ a new — — ——— ——— — at —— that the us ta ke take over the gaza strip could take over the gaza strip and do a realjob with it, bombs, removing unexploded bombs, it removing unexploded bombs. it and

latest move7by 77 the latest move7by us 77 the latest move7by us in tariffs7, etc, this tit-for—tat tariffs. etc. the service because the us postal and running a life page up and running about what donald trump has said in the last few hours at that news conference. extraordinary news conference with benjamin the with benjamin netanyahu, the israeli prime minister, he says the us —— he says the wants the us “he says the'us wants take over gaza and own it to take over gaza and own it long term. the rest of the week. for many of us, too. but the air is now colder, and in that chilly air with clear skies — and particularly as the winds and some patches of mist and fog develop, too. well, here goes tuesday's rain clearing away to allow high pressure to build in from the south. best through the morning, with more cloud developing a lot lighter further south. but as the high pressure becomes more established are set to lighten. away like a stone. here it's a mild start to the day — but elsewhere will be a widespread frost for thursday morning. particularly across england and wales — they'll slowly lift and clear through the morning, bu

the us postal service isjust announcing it will temporarily from kong suspend parcels from hong kong until notice. and china untilfurther notice. it's unclear if this is tied to it's unclear ifthia is tied tc: trump's pledge it's unclear ifthis is tied td trump's pledge to reduce donald trump's pledge to reduce i as shipments too small value considered too small in value to have import tax. let's get the details with our business reporter. us more reporter. tell us more about this and why they are done this and why they have done this now? ,, , ., , r, now? steve, the statements on their website _ now? steve, the statements on their website did _ now? steve, the statements on their website did not _ now? steve, the statements on their website did not explain . are this. the why they are doing this. the bbc has contacted the us postal but we yet to service but we have yet to receive their response. what we service but we have yet to ren know heir response. what we service but we have yet to ren know he this sponse. what we service but we have yet to ren know he this is onse. what we s

turbines. retaliated with similar tariffs starting next monday told me the latest. from the us postal servicet all packages coming in from mainland china and hong kong into the us now, there's been no explanation for why putting systems in place to start charging tariffs but also, you know, the government there has whereby china's e—commerce companies packages and getting under the threshold whereby you'd have to pay tax on those sales. something about that, i guess one way is to, for the moment, just stop all packages coming in. you know, a company which has supported donald trump but another step which the chinese government — which the us government — might be taking, which would that enable users to lose weight — also no surprise then the global demand for the producer novo nordisk has just posted its full—year to 128 billion danish kroner — that's about $18 billion. american market, with sales up 30%. and wegovyjumped last week following the positive henrik hallengreen laustsen is senior equities analyst, at jyske bank. he gave me his reaction to these results. but i read the guidance fo

force displacement is inciting to meet force displacement, which is an international crime the us postal service, as it's temporarily suspending international parcels from china around 30 percent of small packages entering the us, coming from 2 chinese e commerce companies, the additional 10 percent out of so i the us, imposed on chinese goods on tuesday closed, i do usually free exemption for low volume parcels. china says it will respond. ukraine's mandatory says it's shut down 57 of a 104 drones launched by russia overnight. audio russian official study ukrainian drone attack. here's an oil dafoe in russia southern region of caution with on wednesday, causing a fire. witness continues on your 0. the model in the yes mean that you came in combining soon. it got him on and got i had a case. so yeah, the, the only the only income sizes made on this walk argument this team and this individual mind will deal a boiler in boats probably as many kind and like of a 9 and the water law that he signed. boy, i'm at $52.00 level employment that's close to everybody's. yeah. so you, so you saw this on any

the us postal service, it says that it has stopped accepting all parcels from mainland china and hong kong until further notice. postal service did not give a reason for the suspension, but the news follows the introduction of tariffs on products entering the us from china. letters will not be affect in all serious capital vienna, thousands of protesters of rallied against the far right freedom party taking power parties currently in thoughts with the conservative peoples party about forming a governing coalition. freedom party won the most votes in last, september's election. just wait and now where the prime minister has described monday's mass shooting as the worst in the country's history, at least 11 people were killed. including the gunman after the rampage at an adult education center. it happened in the city of order. it brought about 200 kilometers west of stock called 30 say the government backed loan, that they don't believe there's any of the terrorism. we believed we have taken his own line. we just police say they still haven't established a motor. oops. okay, so i am w,

the us postal service has said that it stopped accepting all parcels from mainland china and hong kong until further notice. the postal service did not give a reason for the suspension, but the news follows the introduction of terror acts on products entering the us from showing the letters will not be effect in all 3 is capital vienna. thousands of protesters have rallied against the far right freedom party taking power parties currently and talks with the conservative peoples party about forming a the governing coalition. the freedom party won the most states in wes, september's election. us, which is sweet and now we're a prime minister. old christmas song has described monday's mass of shooting as the worst in the country's history. at least 11 people were killed, including the gunman after the rampage at an adult education center. or it happened in the city of, or they brought about 200 kilometers west of the capital stock on authorities say the government acted alone and they don't believe there's any link to terrorism is believed with taking his own why he just released say they

the us postal service, it says, is temporarily suspending international parcels from china around 30 percent of small packages entering the us come from 2 chinese e commerce companies. the additional 10 percent thomas, the us, imposed of chinese goods of tuesday, closed a duty free exemption for low value parcels. china says it will respond the holes in the united states to stop politicizing and what somebody's in trade and economic issues and stuff going off. that's depressing time these companies, i think china will take necessary measures to safeguard the legitimate rights and interests of chinese companies. your crime is mandatory says it's shut down in 57 over a 104 drones launched by russia overnight. audio russian official, a set of ukrainian drone attack. there's an oil devil in russia, southern region of carson's dod on wednesday, causing a fire. ukraine has launched several attacks of rushes, energy facilities in recent days. members of a philippines, lower house of congress, a voted in favor of impeaching vice president side of detached a on charges of corruption. the bill

the us postal service says it's topped accepting parcels from mainland china and hong kong until further dramatic shift in policy and own the gaza strip.

official of world trade 77 7 world trade organization.7 e -e the us7 the us77postal meanwhile, the us postal serviceall packages from china and hong kong, reversing a it hours decision it announced hours �*that decision it announced hours �* that the �* has earlier that the order has threatened to have major on online impact on chinese online retailers. the usps did not comment on whether the temporary suspension was tied to the trump order, ending the from china. it also shipments from china. it also has not provided comment on why has not provided'esn�*tmen�*t en'fihy has not provided'esn�*tmen�*t en'fihy has yoyersed decision. it has reversed the decision. meanwhile, korea has gutters; 77 nears; le7ad neat; lead in how some government use the chinese ai of the industry temporarily banned has temporarily banned employees the employees accessing the technology citing security concerns. deepseek is the concerns. deepseeh'is just the take company ladies take company making waves, to cots, be and 7 7 techno7log7y7 is 7 part echno7log7y7 is 7 part of |no7log7y7 is 7 part of a o7log7y7 is 7 part of a p77l

the us postal service is once again accepting parcels from mainland china and hong kong. just 24 hours after announcing suspension of inbound deliveries. the postal service did not give a reason for the temporary suspension. it followed the introduction of terror acts on products entering the us from john of the government and the democratic republic of congo, says the unilateral cease fire declared by real wonder backed rebels finding of the east of the country as quote faults. communication of the rebels took the city of goma last week. the un says at least 900 people had been killed in the fine a mass burial and goma as marks overflow with the bodies of those killed and the fighting power cuts from the conflict and kept more from being able to refrigerate the dead. the need to bury the dead quickly as urgent as most mortuaries are located in hospitals. for the risk of spreading disease to patients and health care staff, the serious patients wounded by the fighting overwhelmed hospitals. ashima just 10 was wounded by a bomb and a camp for internally displaced people we

while the us postal service will not accept inbound packages from china until 5th noises. it's the latest move by the trump administration to china, reiterated retaliation with tariff is on its own attempts and terrified to us on goods from china. went into effect on tuesday. advising says it will file a complaint to the world trade organization trying this government is investigating us. take john, google and added some american company to it's blacklist. the you in is calling to the reopening of going this airport and the eastern democratic republic of congo to allow for desperately needed medical instrumented terry and assistance in 23. and i lived groups have taken launch pods of the city and on tuesday to clay the safe spot for humanitarian reasons. the you and susan, 900 bodies, had been recovered and many more lying in the straits. the congolese government says the ticket is much higher around 2000 the aga, khan, spiritually to all the worlds. 15000000 as molly muslims has died at the age of 80 age and an announcement on the account development network website says h

the us postal service is that it has stopped accepting all parcels from mainland china and hong kong until further notice. usps did not give a reason for the suspension, but the news follows the introduction of terrorists on products entering the us from china. letters will not be effect in all 3 is capital vienna. thousands of protesters have rallied against the far right freedom party taking power parties currently and talks with the conservative peoples party about forming a governing coalition. freedom party won the most votes in last, september's election, student led protests and serbia showed no sign of letting off 3 months after a train station. can it be collapse in the countries the 2nd largest city? nobody saw which killed 15 people. students blamed government corruption and incompetence for the disaster and they've taken their movement nationwide. the main target of their anger is president alexander bullshit, choose facing the biggest test of his 12 year route. student led protesters block bridges across the daniel river in the serbian city of navi side ever since the tr

the us postal service says it's temporarily suspending international parcels from china around 30 percent of small packages entering the us come from 2 chinese e commerce companies. additional 10 percent tariff cus imposed on chinese goods on tuesday. close a juicy free exemption from the value parcels. china said it will respond and i'm a dental make bone. so the chinese government holds on the united states to stop politicizing and what promises in trade and economic issues and stuff going off. that's depressing time. these companies, i think china will take necessary measures to safeguard the legitimate rights and interests of chinese companies on correspondent jessica washington as more from badging. a message that was reiterated during the briefing that we've also had at codes around state media outlets is that china is pursuing negotiations that china opposes these. these terrorists imposed on chinese good. i'll read a short section of what was said. there was a question. the question was asked about whether or not, whether there any timing for presidency, didn't seem to speak with

us? postal t from the us postal service today that they are again going accept these packages after to acceptn idea of scale of the problem and again, this is something else that has to be worked out presumably between these chinese companies and the us but there's just devernn'tent bdt there'e jadetee 111 111 1 1 111 11 moving devernn'tent bdt there'e jgetee 111 111 1 1 111 11 moving the in much moving at the moment in the us with all his being made and announcement being made and one day the are blocked in wday they day they are not so there next day they are not so there is a fair bit of uncertainty at the moment on all these fronts when it comes to china — us trade. it when it comes to china - us trade. , , , ., ., trade. it is premised on a rental mode _ trade. it is premised on a rental mode is _ trade. it is premised on a rental mode is expected l trade. it is premised on a. rental mode is expected to visit the white house next week a visit with president trump, he will be among donald trump, he will be among the first foreign leaders to donald trump, he will be among the �* trump eign

going to be, particularly for the already being particularly hard hit by the us suspending the us postal service to spending packages from china. what's the impacts on these as shane and t movie? so these major e commerce companies as well. so we look at shane and html within the broader tube for kat between us and china. right now. i think 1st of all it's unfortunate, but in many ways it's not unexpected. i think one of the things we've seen about the us right now is, as the us and china worked towards a meeting between trump and she, it seems like they're both taking a position where they need to demonstrate sprint. they need to exert continual pressure, various credible threats to try to make the position of the bargaining table or more even in their favor. now the us is actually taking more of a unilateral approach. they have used terrace, not only for trade related purposes, but increasingly for non economic purposes as well. and china as they think about their response. so far they've been fairly measured, possibly because they want to look like the adult in a room, possibly because they h

and jessica, we're already seeing the us postal service. suspending old packages from china and hong kong limits was let's have a huge impact as needed, especially on these 2 e commerce companies. well, that's exactly right. it is a temporary suspension. so we don't know exactly how long this process might, might be on the way. it is important to note that as the tires on chinese goods took effect, donald trump also revoked. what you mentioned, this is basically a policy that was an allowance meaning that small goods priced on the $800.00 us dollars. didn't have to pay a juicy well. now they do have to pay g g that might have some sort of effect, particularly on the 2 major economists, brands coming out of china that she and, and team. those of course, has a major customer base in the us. but the important thing to note is that those goods, the price so cheaply and so competitively, that it is hard to say whether or not this would have a long term effect in terms of their business strategy. i mean, if you go to teach it that's priced at $1.00, that now has to be priced at say $2.00.

. >> the us postal service. >> is no. >> longer going to be. receiving packages. >> small packages from china. >> or hong kong. and then. >> this comes after the. >> president had also closed. >> a trade loophole. that does affect. >> a lot. of small time retailers here. so the way that this is going, where we see these tit for tat actions on both sides, is leading people to believe that. >> both sides. >> are raising the stakes, as i said, and that eventually. >> this could. >> mean that we would see a broader economic discussion. >> our eunice yoon, thank you very much. good to. >> see you as always. >> all right. turn our attention back to tech and to alphabet. dropping after the company's fourth quarter earnings beat. but the company also missed revenue estimates. google cloud revenue also falling short as growth slowed to 30% from 35% in the previous quarter. remember, microsoft also reported weaker growth for its cloud business just last week. alphabet has been spending heavily to build out its ai infrastructure for search and for cloud,

comments to me at j o h and period c.a.r.e at segovia.org or you may send your written comments via us postal service to our office and city hall. the address is one dr. carlton be good place room 244 san francisco, california 94102 if you submit public comment in writing i will forward your comment to the members of this panel and also include your comments as part of the official file on which you are commenting. and finally madam chair, items acted upon today are expected to appear on the board of supervisors agenda of february 4th 2025 unless otherwise stated. >> thank you mr. clerk. so before we go to item number one, i do need to make a motion to excused supervisor chen since i stated she is out sick . >> on the motion offered by the chair that supervisor chen be excused from today's meeting member mcgowan. >> i second would i chair mcguire i melgar i madam chair there are two eyes we have supervisor chen excused okay that motion carries mr. clerk please call item number one agenda item number one is an ordinance amending the planning code to allow assessors parcel block number 3912 lot number

the police commission at speed commission it as if your or written statements may be sent via us postal service to the public safety building located at 1245 third street san francisco california 94158 if you would like to make public comment please approach the podium. >> are you doing good? you're good. i know it's just you don't like me. i know the beats is going to change. >> no, no. yeah, i know but it's fine. okay. first thing i have to say is you have got tv here. you are out of sync with what i said at the board of supervisors on january the 28th when i declare officially append the revolution. the revolution you are out of sync so your activate otherwise you demonstrate again your incompetence either way you do it you okay so i'm going to use first the metaphor when you fall in a trap you don't expect the trouble to serve you to get you out of it right? >> make sense now i'm going to use an allegory. you are a rabbit. you got cut in a trap. >> what you do is that the rabbit you you try to get out of the tribe right first not all you don't expect to get out alive from the trouble. >> th

me at g o h and period c h drolet s f g of your g or you may send your written comments via us postal service to our office in city hall. the address is one dr. carlton be good place room 244 san francisco, california 94102 if you submit your public comment in writing i will forward your comment to the members of this committee and also include your comments as part of the official file on which you are speaking. and finally, madam chair, items acted upon today are expected to appear on the board of supervisors agenda of february 25th 2025 unless otherwise stated. >> thank you so much mr. clerk. please call item number one agenda item number one is an ordinance amending the planning code to permit the use of california debt limit allocation committee tax exempt bond financing and tax credits under the tax credit allocation committee for certain affordable housing projects that provide affordable housing units or deeper affordability levels than required by the inclusionary housing ordinance and require the mayor's office of housing and community development to report on such projects. the ord

police commissioner as a pd the commission it as of course or written comments may be sent via a us postal service to the public safety building located at 1245 third street san francisco, california at 94158 if you would like to make public comment approach the podium and see if i can get five pounds of crab and a 1 pound bag two minutes i got two items. first, max, i agree that you should fight your removal in principle but there are three or forums. i mean look at the charter changes breed bred triggered by your show of independence and honesty. >> now i'm or mayor removes you personally because you are the very face of progressive public safety advocacy real compliment oh left handed to the cheek but a compliment theme this is no country for young men okay the other half of life god is i'm applying for a press pass. i know you're all going to want to help me out there, mr. brown. >> how do i do this? >> just say can i use the overhead? can i use the overhead now? yeah, that's good. show my face because they've got that anybody wants a copy and copies. i had a press pass about 25 years ago or s

about the last hour or so and the statement on the us postal statement on, the us pastel website did statement on, the us pastal website did not give a servicessite did not give a reason for suspending j shipmehts ';""—f::' afiefikong j fkong. it is from china and hong kong. it is only parcels so only effective parcels so letters are not affected but it is to be to a is thought to be related to a decision by president trump to the rules on which tighten the rules an which goods tighten the rules sh which goods should tighten the rules ch which goods should be subject chinese goods should be subject to tariffs. lower than 800 us to tariffs. lower than. 899 us did not to tariffs. lower than. 899 us. did not require setters'eiahet fflaa= but now that provision payment..but.noulthat provision been close payment..but.nothhat provision been close not only companies have to pay more 2 -—e: : -—:: " ”butiitwill? 7 " ”butiitwillrtake” 7 but it will take longer e them to fill out a formal for them to fill out a formal and will have to form and they will also have to use a different probably use a different broker manage a as! 5—55; the w hark; 77 w therp

americans may have to pay more for items that they that they buy from sheehan and temu after the us postal serviceting packages from china and hong kong. that move, coming after the trump administration slapped new tariffs on chinese goods and also revoked an exemption that used to allow packages worth less than $800 to be shipped to duty free. walmart is eliminating hundreds of jobs and asking workers to move to central offices in arkansas and california. the retailer is asking some staffers in new jersey and other smaller offices to relocate, according to a memo that was seen by reuters. and the treasury department says that elon musk and his department of government efficiency have not rejected payments for things like social security and medicare as a part of its review of that department. the treasury also adding that musk aides have only been given limited access to its systems as part of the review. read only is what they're saying not right, right over, or allowed to change or decide on any of these sort of payments? senators elizabeth warren and ron wyden, the top democrats overseeing the

me at g o h and period c h drolet s f g of your g or you may send your written comments via us postal service to our office in city hall. the address is one dr. carlton be good place room 244 san francisco, california 94102 if you submit your public comment in writing i will forward your comment to the members of this committee and also include your comments as part of the official file on which you are speaking. and finally, madam chair, items acted upon today are expected to appear on the board of supervisors agenda of february 25th 2025 unless otherwise stated. >> thank you so much mr. clerk. please call item number one agenda item number one is an ordinance amending the planning code to permit the use of california debt limit allocation committee tax exempt bond financing and tax credits under the tax credit allocation committee for certain affordable housing projects that provide affordable housing units or deeper affordability levels than required by the inclusionary housing ordinance and require the mayor's office of housing and community development to report on such projects. the ord

you may also send your written comments via us postal service to our office in city hall had one dr. carlton be good to place room 244 san francisco california 94122. and finally madam chair items acted upon today are expected to appear on the board of supervisors agenda her february 4th unless otherwise stated. >> madam chair, thank you, mr. clerk. >> and before we call item number one i would like to remind the public that we have budget and legislator alice reports for items on the agenda today and for those items we will have department presentation first and then we'll go to the budget and legislative analyst report and then we will open up for the committee members to ask questions and comments and then we will go to public comments. and so with that, mr. clerk, please call item number one. >> yes. item number one is a resolution retroactively authorizing the san francisco public defender's office to accept an expended grant in the amount of 250,000 from the crank start foundation to fund the san francisco public defenders clean slate unit to meet the increased demand for clean

the police commission at speed commissioners as jeff borg or written comments may be sent via us postal service to the public safety building located at 1245 third street san francisco, california 94158 if you'd like to make public comment please approach the podium. >> i'm going to i'm going to digress. i need to digress again but address what's going on over los angeles so we our concern i couldn't be here. i don't think they're going to attack san francisco. >> it's not a wildfire and goes on. you have to now we know one major you haven't i can't even comprehend that the mainstream media are showing you the views of what has been destroyed out there with all the trees still there right. >> the first thing are we are we be done for everybody to make sure you understand the first thing that the wildfire burns is would not so the trees just especially the foliage now all the trees in this i mean 15,000 houses destroyed disintegrated and it's not built okay so they're going to be a revolution. >> don't worry. it's going to be peaceful. this guy's told me it's going to have to be peaceful. sort o

us postal boeing. does it this largest city? is it still stuck without any public services? no running water, no level. it's our only nouns of books that could rash on, on the, on the road. a ones learned law smoking to place now an ever expanding landfill magic. but sam has own a kansas to he if we use in what was one's the box springs business center of garza city. now, his biggest concern is, is candy. but is it tends to be shut all i use it was very easy. how about a 100? this used to be guys main road, historic location. it was the lifeline of cause as economy. the file loaders, insects and flies will cause an outbreak of diseases of a $500.00. how do we measure? it says he invested $20000.00 building his business before the war. the now he sees the terrible smell is this carriage and customers right now. this area has turned as scary as some hunted woods. it is rife with insects and stray dogs you name it. is a vast area of wasteland. it is harming us physically and mentally and above all financially . some of the local authorities must remove this miss as soon as poss

also have the united states trade well with china, from san marcus postal service, suspends packages from china and hong kong. the both us allies and detractors have condemned preston total trunk. comments about com. so with some accusing him of calling for ethnic cleansing, he was president says he wants to take over the strip and went roll out, deploying american troops to do so. and out says, plans while standing next. so is there any problem, is that benjamin netanyahu at the white house or white house correspondent, kimberly, how could they get into coverage today? i'm delighted to welcome with the is really prime minister, grinning by his side. us president donald trump made a shocking announcement. contrary to initial plans, phase 3 of the gaza cease fire reconstruction is unlikely so instead trumping visions do something different to us. we'll take over the gaza strip without it and be responsible for dismantling all of the dangerous, unexploded bombs and other weapons on the side. i do see a long term ownership, the position i see it bring in great stability to that part of the middle east, the force displacemen

us-china trade war. so last night, the u.s. postal servicethat effective immediately, they're going to stop accepting parcels from both china and from hong kong. they said that letters are fine but not packages. and they did not explain why they're doing this. cnn has reached out. they haven't provided any further information. but look, this came just hours after president trump's executive order on china. now, while most of the attention was focused on the tariffs and whether or not canada and mexico were going to get caught up in this trade war, spoiler alert. not yet right. what didn't get as much attention was the fact that trump was also closing this long standing loophole, right? it's called the day minimis exemption. it's been around since the 1930s, and essentially it lets cheaper goods come into the united states free of tariffs, free of fees and taxes. now, this threshold was at $200 back in 2016, but then it got increased significantly to $800. and what's happened is this has allowed cheaper goods to flood into the united states, l

us all in a daze? plus, why the u.s. postal service says no more packages from china and hong kong will be coming until further notice. >> time to press rewind with neutrogena rapid wrinkle repair. it has derm proven retinol expertly formulated to target skin cell turnover and fight not one, but five signs of aging with visible results in just one week. neutrogena. >> i was stuck unresolved depression symptoms were in my way. i needed more from my antidepressant vraylar helped give it a lift. >> adding vraylar to an antidepressant is clinically proven to help relieve overall depression symptoms. better than an antidepressant alone. vraylar is not approved for elderly patients with dementia related psychosis due to increased risk of death or stroke. report changes in behavior or suicidal thoughts to your doctor. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, which may be life threatening or uncontrolled muscle movements, which may be permanent. high blood sugar, which can lead

postal service is -- from hong kong. president trump ended trade provigsz used to ship low value packages to the u.s. this is expected to affect shipment from sheart attack ein and temu. but nots flat packages from hong kong and china. one person dead and five others hurt after a shooting at a warehouse in ohio over night. police have identified the suspect and are working to bring them into custody. it happened at kd.c. 1, a beauty products manufacturer. 150 people were evacuated from the facility and six taken to the hospital, where one later died temperature is believed this was a targeted attack, motive unknown. >> todd: hundreds of students walking out of class to join the anti-deportation protest. one adult was arrested for vandalism for targeting several buildings. anti-trump and anti-ice phrases were spray painted on buildings. officers in riot goear had to break up protesters in glendale. someone threw a firework at a police car. one person arrest for doing burnouts. two suspects arrested linked to a south american crime ring in the new york diamond district, that is across the street from u

postal service. in one instance, it looks like he has a bunch, a deficit of $1600000000.00 us dollars was recorded. and if it turns out that the director general that was embezzling money, contracts were given to individuals and companies favorite by the former regime. these contracts was supposed to be awarded on the open and fed 10 dis, yeah, this was not the case. effect image was propagated, but behind the scenes tend to as well what it is specific people to the entities who gave bribes. another form of corruption was prevalent in the human results. this large number of employees were merely think on paper. they did not exist in reality. they were grunted favors by the former regime. stop them and people would show up once a year or once a month to collect pay simply for being the cousin or the wife of somebody. this is only the tip of the iceberg. you can imagine how deep down it run this concept with them. so those just the stages home to a large agricultural project, there was one, it's crucial, the food production just there lies between the banks of the blue and the white dial rivers in so

she'll join us soon to tell us about a big threat to homes out there. well, the u.s. postal service a temporary pause on all packages coming from china and hong kong until further notice. this could affect many online retailers. no reason has been given yet, so it's not clear if the pause is connected to president trump's tariffs or the retaliatory tariffs. the u.s. post office says letters and flats are not included in that freeze period. and next month, united airlines will resume flights from new york and newark to tel aviv. united says there will be a daily flight beginning march 15th, with a second daily flight planned to begin on march 29th. united airlines will be the first u.s. airline to resume service to that area after the ceasefire agreement between israel and hamas. >> governor newsom is scheduled to meet with president trump later today in washington. he's also expected to meet with republican lawmakers to discuss disaster relief for the southern california wildfires. the governor met with president trump a week and a half ago in los angeles, when the president toured

us, this is bloomberg. welcome back. 10% tariffs, we assess mainland markets and china retaliating, decision by trump administration to put pressure on u.s. postal servicea key loophole to ship into the u.s.. u.s. postal service suspending them, sheer size of exports to the u.s. has been key for move and alibaba are. this is being weighed up by the markets. that's the numbers being sent into the market. the boj could go with another hike. wage increases have been a key consideration. nikkei is down, not walking back from their spend. spending 75 billion u.s. dollars, an increase from 2024, continuing to spend. investors are anxious. coming up we will speak with executives from credit agricole and santander, credit agricole coming in with loan loss provisions increasing. join me tomorrow as well, i will speak to germany. we will be speaking to the ceo of commerzbank bank as well, so tune in. this is bloomberg. a sleep number® smart bed is perfect for couples the climate360® smart bed is the only bed that cools and warms on each side and all our smart beds adjust the firmness for each of you and now, save 50% on the new sleep number® limited edition smart

used to buy tiktok, like the u.s. government owning tiktok, the same way it owns the postal service or aircraft carriers. we suspect the chinese government meddles in the privately held tiktok. trump's plan is for our government would just straight out own it. sovereign wealth funds are something that countries build when they have so much money, they don't know what to do with it. they literally need places to put it, usually because of oil. norway has a sovereign wealth fund oil. qatar has a sovereign wealth fund. they used it to buy harrods department store in london. oil. the biggest of them all is saudi arabia, with its public investment fund, and its money is all around you in the bay area. it's an investor in uber, for instance, and meta, lucid motors as well. but to build those funds, you need extra money. and yes, the u.s. pumps more oil than anyone, but we don't have extra money. we have the largest debt in the world. those other countries no debt. put another way, it's financially unadvisable to put $100 in your savings account. if you have $100,000 to the credit card companies. other news, sa

postal service has announced it will resume accepting incoming packages from china and hong kong. and this comes just 12 hours after usps suspended them. cnn's mark stuart joins us now. so what is going on here, mark? >> pam, we have been trying to find that out here in china with our colleagues in hong kong. but yes, the postal service made this very quick reversal as far as accepting packages from china and hong kong. we have a very broad statement, but the point being is that there is a tariff that will still remain on products from china coming in to the united states, china and hong kong coming into the united states. and the point of all of this is for the united states to make a dent in one of the most successful industries here in china, that being e-commerce. you probably have been on the website of shein or temu, these very popular chinese e-commerce sites. last year they moved hundreds of billions of dollars of goods around the world. so you could say this is the latest moment in this ongoing trade dispute that we see unfolding between the united states and china. earlier today, i actually had the chance to speak to a chinese official about what's hap

postal service suspending incoming packages from china and hong kong until further notice. the move going into effect yesterday after president trump ended a trade provision usedlow value packages duty free to the united states. this is expected to effect shipments from online discount outlets cheyenne and t temu the usps says it will not impact letters and flats from hong kong and china. chipotle is down playing any potential impact of the tariffs on mexico threatened by the president. the chain says it doesn't expect major disruptions to its business, even if the 25% tariff happens. chipotle revealing that only about half of its avocados are sourced from mexico and had already begun buying more of its avocados from outside mexico in recent years. the more you know, steve, those are your headlines, back over to you. >> steve: that burrito looks so good. >> carley: now i'm hungry. >> steve: we will make a call. but, first, we are revving up for the daytona 500 on fox but first nascar's ross chastain has sped to fox square to bring us his super bowl commercial before the big show on sunday. hey, ross. where ya headed? susan: where am i headed? am i just gonna t

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i am concerned about beyond the trade issue is the use of this failure to inspect packages that come into the united states via the u.s. postal service that contain fentanyl or drug precursors. are you aware of this as a potential problem? >> this is something the trump administration signaled they want to look at this and there are issues about formal entry, we need to be careful that this is not a loophole being used for terror of evasion, counterfeit, fentanyl and other drugs or the trade deficit. we need to look at that. >> thank you. >> thank you, senator grassley. you are up. >> back and forth. we go by who got here first. always first. visiting my office, i appreciate the conversation we had a couple weeks ago, now that you have been nominees for several weeks i would like to know how much authority you have on trade matters relative to other cabinet members? >> i also enjoyed meeting with you beforehand. since i'm an honorary constituent, thank you. with respect to trade authority in the united states government my statute is a statute that designates the office of us trade representative and chief trade negotiator negotiatin