News when you want it with Bloomberg News now.

I'm Monica Rix. The Belgian soccer federation wants an

explanation from FIFA and plans to fight its decision, letting U.S.

forward Folarin Balogun play at the World Cup, despite getting a red card in

his previous game. President Trump admitted today that he

called FIFA's president about it. I didn't tell him what to do.

I can't tell him what to do. But, uh, and I don't believe he made the

decision. I think it was a committee that made the

decision and they made the right decision because, number one, it wasn't

a foul. And you want to see a game with your

best players. FIFA did lift polygon suspension for the

round of 16 match, an extraordinary move that triggered outrage from Belgium.

They'll play the U.S. later tonight at 8 p.m.

eastern. President Trump rang the opening bell

for the New York Stock Exchange and Nasdaq from the Oval Office today to

mark the launch of Trump accounts, a new investment vehicle for children.

Treasury Secretary Scott Bassett was there through Trump accounts.

Our president is creating an ownership economy, an ownership economy where all

citizens become shareholders. 38% of American families do not have any

exposure to our great equity markets. But with Trump accounts, over time, we

can get that number to zero. The president was also joined by

executives from both exchanges, including Michael and Susan Dell, who

made a $6.25 billion donation to support the program.

The tax advantaged accounts are available to all minors who are U.S.

citizens, with the government providing a $1,000 seed contribution for children

born between 2025 and 2028. Ahead of NATO summit in Turkey tomorrow,

NATO Secretary General Mark Rutte demanded allies put forward clear,

concrete and credible plans to reach the organisation's defence spending targets.

We are investing in our own security, ensuring we have what we need to

safeguard our societies today and to world because the threats we face are

real, including from Russia, which continues to wage war on Ukraine.

Wars in Ukraine and Iran are likely to be big topics at the summit, as

President Trump continues to lash out at allies over their support and directs

the Pentagon to scale down its security role in Europe.

We check the markets for you all day long here at Bloomberg.

And stocks are mixed right now as investors wait to hear from companies

like Nvidia for further clues on eye chip demand.

The Dow is pretty flat, but the Nasdaq up 1%.

The S&P is up about a half percentage point.

The ten year Treasury yields at 4.4%, the two year yields at 4.1% and oil

steady, with Brent crude trading at about $72 a barrel.

Shares of Microsoft are down 1.3% right now, after the company announced plans

to cut 6400 jobs over the next year, with half of those 3200 jobs, or about

20% of its staff in its Xbox division. Xbox will also divest four of its video

game development studios and is beginning the process to part ways with

a. The company says the goal is to

streamline the business and reinvest in bigger projects.

Broadcom will provide custom chips for Apple in an expanded deal that runs

through 2031. The chips will be critical for the

development of AI infrastructure and will be used to power cloud based Apple

intelligence features right now. Shares of Broadcom are up 3.6%.

Economic data will be light this week, but we'll get some fresh insight from

the Federal Reserve soon when minutes of its first meeting under new Chief Kevin

Warsh are released. Bloomberg's Michael McKee has a preview.

Now, will we get the same kind of minutes on Wednesday?

That's the question under Kevin. Please don't talk too much worse.

Will the minutes be trimmed? There's a chance of that.

They have been, uh, slightly edited in recent years to make them a little bit,

uh, a little bit easier to read. How strong was the rate hike push.

That's going to be the key question there.

How many people we know. Nine people are leaning that direction.

But how much argument was there in favor of the idea of raising rates soon, and

is there any forward guidance at all? That's Bloomberg's Michael McKee and he

alluded to it a bit, but that report will carry a little extra weight, since

Warsh doesn't plan to address the public as much as previous chairs have.

And that's news when you want it with Bloomberg News.

Now I'm Monica Ricks and this is Bloomberg.