kailey leinz, bloomberg "balance of power" cohost. we will hear from you in the next hour when she begins her show. coming up, companies are making news at ces, led by nvidia. jensen wong spoke to bloomberg. what he had to say and what it means for the highest valued company. from new york, this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪ three little birds ♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ scarlet: this is "bloomberg markets." the stock of the hour is nvidia. shares under pressure as the market declines. in the last hour th

kailey: we could. marco rubio was sworn into be confirmed today after the senate unanimously voted for him last night. john ratliff cleared the committee hurdle he needed to. now it is just a question of whether unanimous consent can be reached to move things forward quickly. we just listed everything that donald trump has tried to do at the executive level which draws legal scrutiny. in some ways, it is getting around the law. he has to speak with lawmakers about the actual legislative agenda as he moves forward. he will be meeting at the white house this afternoon with mike johnson and john thune and later with republican congressional leadership to talk about the budget reconciliation package or packages you want to see put forward to enact the other parts of his agenda that he needs congress to come along with him in order to achieve like tax policy. in addition to things like raising the debt ceiling and keeping the government open past mid-march. there is a laundry list of things where he needs t

i am geomet alongside kailey leinz in washington. kailey, the nominations have been set., mike johnson, and the roll call vote is officially underway. kailey: there are 434 members present and voting as we speak, that makes 218 the magic number to secure the gavel and be the next speaker for mike johnson, the incoming speaker. that means they can only afford to lose to republican votes. we will see if anyone else joins tom massey in voting agains.

sonali: for more, we are joined by kailey leinz in washington. given that we are handing over from one administration to the other in the united states, the band would be in effect the day before inauguration. what do you expect to happen over the weekend in terms of posturing, rhetoric, and what happens after monday? kailey: technically, yes, the ban goes into effect on sunday after the supreme court cleared the way for that to happen, however, the biden administration is not actually intent on implementing the law in its final days in office. we got a statement from the white house today that underscores the president's feelings, that while the app should be available come he wants to see it divested. they acknowledge they will not be enforcing the law given the trump administration is coming in on monday. that is putting the ball into the next administration's court. donald trump has signaled that he wants to save tiktok. he has warmed up to the platform, sees it as something that helped him in his campaign. he said today that his decision on

bloomberg balance of power cohost kailey leinz in washington. coming up, the s&p 500 now turning a bit lower here, losing about .25%. we will look at individual stocks moving in the session. this is bloomberg. ♪ scarlet: this is bloomberg markets. we are looking at the s&p 500, down with eight out of 11 sectors in the red. let's bring in natalia. >> we are watching shares of ebay and meta. meta is down, but that is part of bigger risk off sentiment. ebay is the current best performing stock as humpton said ebay -- as meta said ebay will be able to publish listings and customers will complete purchases directly on ebay. it is a big move for the company. we see the stock reacting positively. next is a biotechnology company. it is a big move. the stock is up by more than 200%. the company posted positive results on its trial and treatment of type one diabetes. the study found no safety issues. analysts are excited about this news, but they are saying on the one hand, the timeframe between now and the moment when the tree it will be available for co

joining uslancof power cohost kailey leinz.te there might be some kind of announcement. we have not got an official announcement yet but the by then white house has been working very hard behind the scenes. kailey: not just abide in white house but the -- the biden white house but the incoming trump administration. not just israel and hamas but other mediators like egypt and qatar who have been involved in this process for months now. this cease-fire agreement has been reached, has been long and hard fought to try to bring a consensus around what this agreement ultimately will look like. what had been reported earlier this week as officials were signaling that this was what -- getting closer to a reality. 33 hostages would be released. that are currently being held by hamas, prioritizing women, children, people who are injured, and people over the age of 50. israel would be releasing hundreds of palestinian prisoners from its prisons. we have not gotten confirmation yet but we are waiting to hear from the israeli side and the h

kailey: the direction of travel is fast. trump set a modern-day record for number of executive orders in one day. there were 26. as part of that he rescinded 78 executive actions from president biden. the executive action regulating ai. this, of course, was intended to create safety and transparency guidelines around companies developing this technology. it also created the ai safety institute under the department of congress, that was setting guidelines for how development of this technology should work. now that goes away. the president did not say what is going to be replacing it, even a question mark. we can expect david sachs in this white house could be playing a role in what happens next. but he could speak to a hands-off regulatory approach this administration seems to take. certainly that was a message frequently by donald trump yesterday and throughout the campaign. caroline: let's talk about someone who is key to ai's future is elon musk. it feels as though he has been cementing his power the last couple of days a

i'm joe mathieu alongside kailey leinz and washington, d.c.r being with us on the monday edition of "balance of power." it is january sixth, four years later. kailey: this proceeding stands in stark contrast to what we saw four years ago as known inside or outside the capitol is contesting the results. the woman who was defeated in november will be presiding over the proceedings today. kamala harris already standing next to the speaker of the house, the gavel has come down, these proceedings will get underway shortly as the county's electoral votes and donald trump will officially be certified as

i'm joe mathieu alongside kailey leinz in washington. friday edition of "balance of power. this just coming on the terminal. donald trump's new take on this, his evolving position, is why we are here today. kailey: and the ban is set to go effect one day before tromping back in office and incidentally 10 days before he is back in office, trump also was sentenced today and will become a convicted felon. that sentence of course not really anything, no probation,

i am joe mathieu with kailey leinz in washington.o the early edition of "balance of power." based on what we are hearing, the response and funding to clean from these disasters could be more complicated. kailey: he did say more funding is coming, that they would be supplying it, though he didn't get into specifics on numbers he would be requested from congress or what role is and he states would have. he also suggested states should be taking over emergency response. that fema goes into the disaster zones -- and that needs to be

i'm joe mathieu alongside kailey leinz in washington.o a whole new headline after a doozy of a weekend coming from the trump white house. do you have deepseek on your phone? kailey: even if i wanted to, i wouldn't be able to use it now. chinese phone numbers right now only due to some breaches that deepseek says they have experienced over the last day or so. not great if you are a tech

i'm joe mathieu alongside kailey leinz in washington.evolved from whether it will happen at all to yes, how high. kailey: we will have more in a few minutes republican congressman michael lawler in new york, who is at the white house with president donald trump talking about salt. donald trump spent part of his day addressing virtually the world economic forum at davos, talking about lower oil prices, lower interest rates, and yes, lower taxes. joe: no doubt. he will demand lower oil prices, asking saudi arabia to pump more. i'm not sure demanding though interest rates from jay powell will resonate. kailey: the think chairman will beg to differ on that one. -- fed chairman will beg to differ on that one. he has medically the tariffs could be hybrid he talked about trade relation

kailey: it will be quite the day.elsius in washington, which means the actual swearing in will take place inside the capitol rather than on the west front. donald trump will today become the 47th president of the united states. it is not just the pomp and circumstance that we will be watching today but really what happens after he takes the oath. according to fox news, he had been planning some 200 executive orders that he will sign today. last night at a rally, trump had this to say. we are going to sign them at the beginning. we know those executive orders could focus on a few areas in particular, energy, the border, and the federal workforce. he also pledged today that he will be signing an extension of tiktok to divest itself after it was briefly off light here in the u.s. over the weekend. there will be a whole host of executive actions he takes almost immediately, and then watching for things like tariff s, and crypto. tom: executive orders will be there. to what extent do you believe that will be setting the te

kailey: it likely will be. on regulations, we are seeing people on the stage now as donald trump pledged to be a deregulatory president. that could factor. the other thing, what kind of commentary will there be around geopolitical situations pertaining to energy, the war in ukraine, the middle east, knowing that could have a business impact? he could face questions from the world economic forum people. there will be no shortage of things to discuss. caroline: pictures starting to arrive a president trump taking the stand of what will be a videoconference, charles schwab, the founder and chairman of the world economic forum. donald trump, three days after being sworn in. plenty to be discussed, energy policy, tariff policies, immigration. this is a global audience he will be discussing in front of and global business leaders, spanish frank, latin american presidents, brian moynihan, key focus on financials, total, the french energy company, the ceo will be peppering him with questions after a speech we anticipat

i'm joe mathieu alongside kailey leinz in washington.y edition of "balance of power." great to see you, happy new year, as we hear from authorities today they don't see a connection between these events. they think the attacker in new orleans acted alone. kailey: it does seem based on the inventor fraser and -- based on the information that this was a lone-wolf attack and this was terror inspired by isis, which raises questions as we wait clarity on how if it all there was any connection which authorities do not see at this

kailey: there will be a meeting at the white house with moderate republicans and the president afterth mike johnson and john thune about the to do list congress has. not explaining how and when. joe: republicans sitting with the president today. s.a.l.t. is on the menu. the tax

kailey: keeping track he will be confirmed by a senate with a republican majority.cans sounding more supportive of his prospects, than democrats who have criticized him on both character and qualifications. they discussed his views on women in the military, specifically asked allegations of sexual assault. he has also been impressed multiple times, including this now by senator tammy duckworth, on his ability to lead an organization like the pentagon, especially the cost cuts would like to

balance of power is up next with kaylee and you -- kailey and joe. >> from the world of politics to theorld of business, this is "balance of power." live from washington, d.c. joe: it is time to meet the press. welcome to the faster show in politics as the trump white house prepares for its first breast briefing with a newly minted secretary at the podium. i'm joe mathieu in washington. secretary caroline levitt in the west wing in a moment, the youngest ever white house press secretary hours after donald trump called for a pausing federal grants, called again for bigger tariffs. we will bring you into the briefing room and carry this life for you. the first conversation between the secretary and reporters including those representing bloomberg. a bit of a comeback in the cards. charlie pellett has the markets for us right now. charlie: indeed seeing dip buyers come in. stocks advancing after yesterday's

i'm joe mathieu alongside kailey leinz. this is the monday edition of "balance of power."are with us on tv and radio. donald trump is asking lawmakers to consensus on this. based on what we are hearing from our first guest this hour, it may involve incentives to some states that actually lower their property taxes. getting interesting. >> we know this is going to be difficult as you have to get the 218 vote in the house and those two aren't from high tax states like new york and california and they may not like the idea of lifting the salt cap as those were from those blue states especially. the question is going to be how long does that take and ultimately what is the form of that consensus, what kind of bill, how large of a package? will it be split off into something else and leave energy and immigration issues to be dealt with separately? >

kailey: take tim cook. apple would be susceptible to problematic tariffs on things like china.here are policies they are hoping to avoid. same goes for social companies. zuckerberg taking action at meta, reshuffling personnel and policy as they stopped fact checking. we heard from president biden, he did not name zuckerberg directly but in his warning about an american oligarchy, he specifically referenced social media companies pulling back on fact checking. this president has not been shy about targeting these companies in the past. mike: thank you. tech policy under the incoming ministration, jason oxman of the information technology industry council. we wanted to talk about trade and your concerns. this is something your group has singled out as an area of priority and concern. biden administration put pressure on china. that has a ripple effect. jason: what we are looking for from the administration is more of a strategy that takes advantage of opportunities for u.s. companies to succeed internationally. leadership in tech is what the u.s. is known for. in the biden admini

kailey, that was really a tough speech to deliver because he knows the country dislikes him.knows his party dislikes him and there is no way to spin it. this is not a good presidency. did he say anything that can convince anybody that it wasn't as bad as people perceive it? >> no. not at all. this man that you are looking at, president biden began his presidency using the word unity. heat used in nearly half a dozen times in his inaugural address. unity, unity, unity. which was a nicely done inaugural address. he ends his presidency by saying abuse of power nearly half a dozen times, warning that an oligarchy is coming in. all the while, talking about tax compliance in this speech while his son is off to the side? i just saw that in doug mills picture, who was just pardoned for violating the tax code. it was so incredibly tone-deaf and there was a bit of irony. he is exiting the stage with the lowest approval rating he has ever had at 37%. while the guy he warned was a threat to democracy, tonight and throw his presidency, president donald trump, has the highest approval numb