Bloomberg News Now: Trump on Epstein Files, FAA Flights, and Nvidia Earnings

Trump's Stance on Epstein Files

• 📌 President Trump has urged House Republicans to vote for the release of Justice Department documents related to Jeffrey Epstein.
• ⚠️ This marks a shift from his previous stance, where he called Congresswoman Marjorie Taylor Greene a traitor for her involvement.
• 💬 Greene stated that Trump's words were untrue and dangerous, potentially radicalizing people against her.
• 🗣️ House Speaker Mike Johnson indicated that Trump is frustrated by the politicization of the issue.

FAA Operations Resume After Shutdown

• ✈️ The FAA has lifted all remaining flight restrictions at 40 major airports, allowing normal operations to resume.
• ⏱️ These restrictions were in place for over a week due to the government shutdown.
• 📈 Staffing levels at air traffic control have reportedly improved since the government reopened.

Economic and Market Updates

• 💰 Treasury Secretary Scott Bessen stated that President Trump's proposal for $2,000 checks from tariffs would require congressional approval.
• 📊 Futures are mostly higher as the trading week begins, with investors anticipating key earnings reports and economic data.
• 📈 Morgan Stanley raised its 12-month target for the S&P 500 to 7800, indicating a belief in a bull market.

Nvidia's Anticipated Earnings and Investor Concerns

• 💻 Investors are closely watching Nvidia's upcoming earnings report this Wednesday.
• 🚀 Demand from data centers is expected to offset issues in China, with the company anticipated to beat earnings expectations.
• ⚠️ Concerns about a potential bubble are fueled by stratospheric valuations and recent shareholder exits by SoftBank and Peter Thiel's fund.
• 💰 Peter Thiel's fund, Field Macro, sold its entire stake in Nvidia during the third quarter, valued at approximately $100 million.