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>> Good morning. I'm Nathan Hager

>> and I'm Karen Moscow. Here are the

stories we're following today.

>> Karen, we begin with a big blow this

morning to President Donald Trump's

tariff policies. Bloomberg's John Tucker

joins us with the latest. Good morning,

John.

>> Yeah, good morning, Nate. The

Republicanled House has passed a

resolution to resin President Trump's

tariffs on Canada. Six Republicans

joined nearly all Democrats in passing

the measure.

>> On this vote, the yays are 219 and the

NAS are 211. The joint resolution is

passed. Without objection, the motion to

reconsider is laid on the table.

>> Even if it does pass the Senate now,

President Trump would veto it. So, this

is all about sending a message. The

House vote signals a growing rift within

the Republican party with the midterm

elections approaching. Now, the GOP and

those members who voted for it have to

face their constituents who are

increasingly worried about

affordability. That Wednesday's vote

happened at all actually represents a

blow to House Speaker Mike Johnson, a

top Trump ally who had spearheaded a

block on bringing tariff related bills

to the floor for months. The passage

also comes as the president is privately

weighing quitting the US Mexico Canada

trade pack that he signed during his

first term. Following the vote, Trump

wrote on social media, "Any Republican

in the House or the Senate that votes

against tariffs will seriously suffer

the consequences come election time and

that includes primaries." In New York,

I'm John Tucker, Bloomberg Radio.

>> All right, John, thank you. Well, House

Republicans have also approved

legislation that would impose strict new

voter ID requirements ahead of the

midterm elections. The bill is a Trump

administration priority aimed at

scrutinizing ballot access, but it faces

blowback in the Senate. The legislation

requires Americans to present proof of

citizenship when they register to vote

and to show a valid photo identification

before they cast ballots. Republicans

say it's needed to prevent voter fraud.

Democrats sworn it'll make it harder for

millions of Americans to vote.

>> Elsewhere on Capitol Hill, Karen,

Attorney General Pam Bondi, had a

contentious hearing before the House

Judiciary Committee on the Jeffrey

Epstein case and her agency's

investigations into President Trump's

political opponents. The committee's top

Democrat, Jamie Rasin, accused Bondi of

turning the Justice Department into an

instrument of revenge.

>> You replace real prosecutors with

counterfeit stooges who robotically do

the president's bidding. Nothing in

American history comes close.

>> And Democrat Jamie Raskin accused the

Justice Department of redacting the

names of abusers and co-conspirators in

the Epstein files, not just his victims.

Bondi apologized for what Epstein's

victims experienced, but Democrat

Permila Jipal asked if she would turn to

face the victims who were in the

audience to deliver that apology.

>> Mr. Chairman, I have asked she asked

Merritt Garland this.

>> I am reclaiming my time in my chair. I

will continue my time determined the

generalities were not going to get in

the gutter for her theatrics.

>> Attorney General Pam Bondi flipped

through a binder throughout the hearing

to deliver attacks at individual

lawmakers. She says the Justice

Department has pending investigations

related to Jeffrey Epstein, but she did

not elaborate.

>> Nathan, federal agents are looking along

roadways in the Catalina foothills. This

is the search for the 84year-old mother

of Today's Show host Savannah Guthrie

continues. They're looking near Tucson

as part of the investigation into the

disappearance of Nancy Guthrie. The Puma

County Sheriff's Department and the FBI

said they are following up on 18,000

tips. And here's retired FBI agent

Richard Franle.

>> 18,000 in what, a week and a half. Uh

that number is staggering. Uh after 911,

we had, I believe, 18 to 20,000 in two

years.

>> And retired FBI agent Richard Frankle.

The FBI has also released images of a

masked person on Nancy Guthri's porch

the night she went missing near Tucson.

Guthrie was reported missing on February

1st.

>> Turn to geopolitics now. Karen, the

death toll from the crackdown over

Iran's nationwide protests last month

has reportedly reached more than 7,000.

The US-based human rights activist news

agency, which offered the latest

figures, has been accurate in counting

deaths during previous rounds of unrest

in Iran. It relies on a network of

activists to verify those deaths. The

rise in the death toll comes as Iran

tries to negotiate with the US over its

nuclear program.

>> Nathan, President Trump's energy chief

has arrived in Venezuela to meet with

the nation's new leader and assess its

energy infrastructure. Energy Secretary

Chris Wright met with acting president

Deli Rodriguez in Caracus as the US

pushes to revive Venezuela's oil sector.

Bloomer's Anmarie Hordern is traveling

with the energy secretary and has more.

Secretary Chris Wright of the Energy

Department met with acting president

Deli Rodriguez. The two discussed

business ventures and how to collaborate

further when it comes to energy, mining,

and electricity in the country.

Secretary Wright said he came here. The

message from President Trump was that he

wants to make the Americas great again

and he wants to transform this

relationship. He continuously talks

about you can transform a relationship

with commerce instead of boots on the

ground. I'm Amar Herd in Caracus,

Venezuela, and this is Bloomberg.

>> All right, Amory, thank you. We turn to

the markets now. Futures are higher this

morning after yesterday's declines, but

shares of Cisco are sinking. They're

down nearly 8% in early trading. The

largest maker of networking equipment

gave a weaker than expected forecast,

spurring concerns that mounting memory

chip prices are taking a toll. The

outlook overshadowed an upbeat sales

forecast fueled by growing artificial

intelligence revenue.

>> Nathan's sales in the US for McDonald's

grew at the fastest pace in more than 2

years. They jumped 6.8%.

The company's focus on affordability

helped to improve traffic in the fourth

quarter. Abby Roach is a senior

portfolio analyst at Allspring Global

Investments.

>> I'd say they're doing a couple things

well. They're leaning into the value for

consumers who are seeking that out and

who are really feeling stretched.

They've got different offerings across

different price points across $5, $8,

being able to add things on for a

dollar. So, they're really focused

there, but also they're not letting

their foot off the gas in terms of the

marketing and the innovation.

>> Abby Roach at Allspring Global

Investments at McDonald's are down a

third of a percent this morning.

>> Karen AI company Anthropics nearing

completion of a deal to raise more than

$20 billion. Bloomberg News has learned

the funding round is co-led by investors

including Peter Teal's Founders Fund, De

Shaw, and Dragon Investment Group.

Anthropic set to be valued at about $350

billion. The deal could be announced as

early as this week.

>> Nathan Applied Materials will pay more

than a quarter of a billion dollars to

settle a Commerce Department

investigation into improper exports to

China. The settlement ending a

years'slong saga for the largest

American supplier of chipmaking

machinery. And we got some more deal

news this morning. Karen New is buying

Schroeders for 13.5 billion dollar. The

acquisition creates one of the world's

largest active asset managers with

nearly $2.5 trillion dollar in assets.

This ends more than two centuries of

independence for the UK's largest

standalone asset manager. Although the

Schroers brand will be retained.

>> Time now for a look at some of the other

stories making news in New York and

around the world. For that, we're joined

by Bloomberg's Michael Bar. Michael,

good morning.

>> Good morning, Karen. Canadian

authorities say the suspect in a school

shooting in British Columbia was an

18-year-old who had a history of police

visits to her home to check on her

mental health. Police said the suspect,

Jesse Van Ruteller, first killed her

mother and stepbrother at the family

home before attacking the nearby school,

resulting in eight fatalities. Dwayne

McDonald is with the British Columbia

Royal Canadian Mounted Police.

>> I can say that the suspect was not

related to any of the victims of the

school. I don't have any broader

information beyond that other than say

that the suspect was related to the two

victims at the private residence. Dwayne

McDonald with the Royal Canadian Mounted

Police said Van Rooteller was found dead

from an apparent self-inflicted wound

following the assault on the school in

the small community of Tumblr Ridge.

Striking nurses at two of the three New

York City hospitals ratified their new

contracts ending a five-week strike.

Rank and filed union members at Mafior

and Mount Cyani voted overwhelmingly to

approve the new three-year contracts.

However, the strike will continue for

over 4,000 nurses at New York

Presbyterian. Some nurses there say they

were being pressured by the union to

approve a contract that the local

negotiating team rejected. In a

statement from New York Presbyterian,

the proposal includes, among other

things, the same 4% yearly wage

increases for all three hospitals. The

San Francisco teacher strike enters its

fourth day. Teachers are demanding

better pay and benefits. Public school

teacher Lesley Hughes says they're also

fighting for their students and their

families.

>> I hope that we can get this done as soon

as possible. And educators here are

standing with our families and students

are prepared to go as long as it takes

until we have a signed agreement.

>> The strike closed public schools for

more than 50,000 students in the city.

Global News 24 hours a day and whenever

you want it with Bloomberg News Now. I'm

Michael Bar and this is Bloomberg.

Karen,

>> thanks Michael. Time now for our

Bloomberg sports update and for that we

bring in John Stashour.

>> Thanks Karen. Second straight day at the

Olympics where the United States won

five medals and this time two gold. Liz

Limley only 20 years old. She had never

been in an Olympic event before. She won

gold in freestyle skiing. And

21-year-old Jordan Stoles won in speed

skating. He may end up winning four gold

medals. The NBA after that fight between

the Pistons and Hornets suspended four

players including Detroit's Isaiah

Stewart who got seven games he had left

the bench. That's your Bloomberg sports

update.

Stay with us. More from Bloomberg

Daybreak coming up after this.

Coast to coast on Bloomberg radio,

nationwide on SiriusXM and around the

world on Bloomberg.com and the Bloomberg

Business app. This is Bloomberg

Daybreak.

>> Good morning. I'm Nathan Hager.

President Trump's signature economic

policy has just taken a blow on Capitol

Hill. The House has voted to repeal the

president's tariffs on goods from

Canada. Democrats are promising more

votes to come. Six Republicans joined

with Democrats on this vote, including

California's Kevin Kylie.

>> We should have these debates. Let's have

the discussion. Let's uh do so in front

of the American people. That's what, you

know, representative government is all

about. That was California Republican

Kevin Kylie. Joining us now is

Bloomberg's Laura Davidson. And Laura,

we know that uh Congressman Kylie is

facing a pretty tough re-election fight

in California. Politics uh definitely

plays a role in this vote last night.

Good morning.

>> Good morning. Yes, this vote wasn't so

much about actually being able to

rescend these tariffs, but more giving

uh some of these members an opportunity

to come out and come out against these

tariffs. You saw that the six uh

Republicans who joined with Democrats

are folks who either uh you know have

have clashed with the president in the

past, Thomas Massie for example, or

represent some of these uh these

moderate uh swing districts where they

could be vulnerable. Uh you know, we're

we're starting to see um you know uh

Republicans really uh come out against

some of the tariffs. There was a lot of

vote no, hope yes yesterday um among

House Republicans in terms of uh you

know wanting to see this uh you know not

wanting to stand out and specifically

rebuke the president, but they're

recognizing that there's a a messaging

issue with voters um that uh you know

voters are not happy with the economy.

They think prices are too high and they

recognize that that tariffs are

contributing to a piece of that.

>> Getting to those affordability concerns

that the president in the past has uh

called something that's fake. Uh how

could this play out uh heading into the

midterms, Laura? Yeah, this is a fight

that we're likely to see uh uh really uh

grow. Uh you know, this this vote um you

know, this week was just about the

Canada tariffs. Um uh Democrats or even

some Republicans could continue to bring

up different resolutions to strike down

different uh portions of these tariffs.

So it could be uh the the the Brazil

tariffs, for example, or or the tariffs

on Mexico. Um you know, so this is a way

to kind of keep this issue alive even

though it doesn't have any uh you know,

strong policy implications, but keeps uh

the the political messaging um of this

uh ahead. And of course, this comes at a

time where Bloomberg News has learned

that President Trump is privately

talking about walking away from the US,

Mexico, Canada agreement. Not that he's

made a decision, but at least floating

the idea. I mean, what could that mean

in terms of ongoing trade pressure?

>> This would really be a huge uh trade

shift. You know, about 80% of of goods

that flow uh between the US, Mexico, and

Canada are covered by this trade pact.

uh which would mean you know if the US

were to exit that all of those rules of

the road um would go away. So if you

know uh you know the if people think

that the tariffs uh right now on on US

that the US is opposed on Canada and

Mexico are big this would really be a

complete uh sea change. Um so this is

something that uh you know Trump uh you

know as he goes into these tariff

negotiations he likes to take these

maximalist positions. So that's how some

are interpreting this move of that Trump

is sort of taking uh you know or at

least considering taking a a you know

sort of an extreme position that then he

could uh you know kind of move on

moderate as the discussions go on.

>> In our last minute Laura let's talk

about the hearing at the House Judiciary

Committee for Attorney General Pam Bondi

her first appearance since October apart

from the shouting. Um did anything of

substance come out of it as far as you

saw? the the big headline here is that

she did mention that there are that the

Justice Department is investigating uh

various things related to Epstein, but

she did not elaborate. Uh you know, the

Justice Department has said previously

that they were looking into Democrats,

including Larry Summers, uh uh Bill

Clinton and other Democratic donors um

as in terms of what they knew about

Epstein. Uh but it was clear that uh she

said there are still these

investigations going on, but did not uh

give any details as to what that might

be or what we could expect to see in the

future.

Mrs. is Bloomberg Daybreak, your morning

podcast on the stories making news from

Wall Street to Washington and beyond.

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>> And I'm Nathan Hager. Join us again

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Bloomberg Daybreak.