| Bloomberg Morning Briefing Americas |
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| Good morning. Dip buyers unite. Could curling be the next pickleball? And Nutella Peanut is coming to a supermarket near you. Listen to the day’s top stories. — Angela Cullen | |
| Markets Snapshot | | | | Market data as of 07:06 am EST. | View or Create your Watchlist | | | Market data may be delayed depending on provider agreements. | | |
| What a week. If you’re trying to make sense of why the headlong rush into popular trades gave way to a sudden retreat from risk across Wall Street, it’s probably as simple as a slow drumbeat of news sowing anxiety about valuations. But dip buyers are hovering. And if you’re a macro investor like Minal Bathwal, you’ve nothing to fear. The Brevan Howard fund manager hasn’t had a single down year since he started managing money during the global financial crisis.  Jennifer Garner. Photographer: Jamie McCarthy/Getty Images Meanwhile, Blackstone President Jon Gray is having to eat his words. The Liftoff Mobile initial public offering the firm backed is being shelved amid the tech stock jitters. Yet, just three days ago, Gray touted 2026 as “the year of the IPO.” Maybe he should have checked out Jennifer Garner’s organic kids snacks maker Once Upon a Farm. The actress and co-founder saw shares fly off the shelves at $18 a pop in an IPO that raised almost $200 million for a market valuation of more than $700 million. In other corporate news, Big Tech is still spending big and video games are still hot, if Roblox’s user numbers and bookings are anything to go by. The social media company Reddit gave a sales projection that topped Wall Street’s expectations, a reflection of its growing advertising business just two years in as a publicly traded entity. Things aren’t going as swimmingly for carmaker Stellantis; it needs to take about $26 billion in writedowns as new CEO Antonio Filosa walks back the company’s EV ambitions and tries to mitigate the cost of US tariffs. Oil rose ahead of planned talks between Iran and the US later on Friday. Tehran signaled that there won’t be a quick resolution to escalating tensions between the two. Meanwhile, some supertanker operators, nervous about potential risks to shipping in the Strait of Hormuz, are speeding their vessels through the chokepoint. Tunnel vision. Work on the $16 billion Gateway project linking New Jersey and Manhattan faces a halt today after the Trump administration froze funding, putting jobs, and about $20 billion in related economic activity, at risk. Building a new tunnel under the Hudson River has been a political football for years. Ex-New Jersey Governor Chris Christie ended a previous initiative in 2010, irritating commuters. And Donald Trump wrangled with state leaders in his first term over the cost of Gateway. | |
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| Japan's election results: Join us on Feb. 8 from 5:45 a.m. ET for our live coverage of Japan's election, where we'll be tracking the results in real time. Will PM Sanae Takaichi secure a majority in the lower house? What will the impact on markets be? Follow along here. | |
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Deep Dive: This Sporting Life | |
 Photographer: Miska Draskoczy/Brooklyn Lakeside Curling Club The Winter Olympics officially kick off today, with Mariah Carey and Andrea Bocelli adding star power to the opening ceremony in Milan. Curlers are already competing, though, and Canada struck early: wife-and-husband duo Jocelyn Peterman and Brett Gallant beat defending champions Italy in Thursday’s mixed doubles. - Every fourth February since 1998 this curious pursuit, often dubbed “chess on ice,” gets its moment. Local clubs are trying to make that last. Could curling be the next pickleball?
- Eyes will also be on Lindsey Vonn, who’s attempting what many might see as an impossible comeback, especially after badly damaging her knee in her last downhill race before the Games. Track her progress with our medal tracker.
- Off-piste, ski equipment makers are using the Olympics to flaunt their latest tech, although a not-so-sporting cartel probe hangs like a cloud. Headed to Milan? Our restaurant guide has you covered.
- Almaty could be your next destination of choice, with Kazakhstan set to host the 2029 Asian Winter Games, an event originally slated for Saudi Arabia (yes, really).
- Winter sports aren’t the only show this weekend. The New England Patriots and Seattle Seahawks face off in Super Bowl LX on Sunday, and the tech-centric San Francisco Bay Area is proving it’s up to big-time sports events.
- Enjoy it while it lasts. American football may be bigger than ever, but if Chuck Klosterman is right in his new book Football, it’s also dying.
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 Rufus Peabody at his home office in Las Vegas. Photographer: Brad Swonetz for Bloomberg Businessweek Super Bowl LX is bringing pro gamblers to prediction markets. As Kalshi and Polymarket vacuum up large sums of money that would likely have ended up on traditional gambling forums, it’s making seasoned sharps like Rufus Peabody adjust their strategies and go head-to-head with Wall Street firms. | |
| Big Take Podcast |  | | | |
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| Why is the S&P 500’s next big target so elusive, asks Jonathan Levin? Ultimately, it’s hard for any sell-off to get too ugly as long as companies’ bottom lines are intact. But that doesn’t mean Trump’s second-year roller-coaster can’t get a bit crazier. | |
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| Our daily word puzzle with a plot twist. Today’s clue is: Figure formed by the stars Play now! | |
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 Source: marcobertani Sugar rush. The last time a Kellogg’s cereal brand ran a Super Bowl ad, Barack Obama had just moved into the White House and Donald Trump was still a reality-TV star. That’s about to change on Sunday with a Raisin Bran spot underwritten by its new owner, Italy’s Ferrero Group. But that’s not all US consumers can expect from the company best known for its signature cocoa-hazelnut spread. Nutella Peanut spread, anyone? | |
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| Bloomberg House Miami: For the first time, Bloomberg House goes beyond Davos, arriving on April 29-30 at the Formula 1 Miami Grand Prix. Join global leaders for compelling conversations and exclusive gatherings across finance, entertainment, technology and sports. Learn more. | |
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