Bloomberg News Now: Stocks Fall, Trump's Sanctuary City Threat, Iran Protests, and Market Updates

Market Performance and Inflation Data

• 📉 Stocks fell on Tuesday, with the S&P 500 down 14 points, the NASDAQ down 24 points, and the Dow down 399 points.
• 📊 The ten-year Treasury yield stood at 4.17%, and the two-year yield at 3.52%.
• 📈 Inflation data released showed the Consumer Price Index (CPI) monthly up 3/10 of a percent, translating to 2.7% year-over-year.
• 🚗 Car prices saw a 2/10 gain month-over-month, or 2.6% year-over-year.

Political and International Developments

• 🚨 President Trump threatened to stop federal payments to sanctuary cities and their states starting February 1st, citing their protection of criminals.
• 🗣️ During a speech at the Detroit Economic Club, Trump promoted efforts to boost U.S. manufacturing and called the North American Trade Agreement irrelevant.
• ✈️ Trump also announced the cancellation of all meetings with Iranian officials amid a crackdown on protesters, stating "help is on its way" without offering details.
• 🌍 Activists report the death toll from nationwide protests in Iran has spiked beyond 2000 people killed.
• 🛰️ SpaceX is offering free StarLink satellite service in Iran, lifting subscription fees for anyone with a receiver.

Business and Technology News

• 🤝 Netflix is reportedly discussing revised terms for its Warner Brothers Discovery acquisition, proposing an all-cash offer for studios and streaming businesses.
• 👓 Meta Platforms is looking to double production of high-powered smart glasses to 20 million or more by the end of the year, with strong demand for their Ray-Ban collaboration.

Supreme Court and Transgender Athletes

• ⚖️ The Supreme Court is likely to uphold state laws banning transgender girls and women from competing on female athletic teams.
• 🧑‍⚖️ Arguments focused on whether hormone treatments reliably suppress athletic advantages and if sports should be assigned by sex due to biological differences.