# Oracle AI Capex and Silver Market Volatility

**Podcast:** Bloomberg Daybreak: US Edition
**Published:** 2026-02-02

## Transcript

I'm Barry Rittholz, inviting you to join me for the Masters in Business Podcast.
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House Speaker Mike Johnson says the impasse over government funding won't last long.
Well, let's say I'm confident that we'll do it at least by Tuesday.
We have a logistical challenge of getting everyone in town.
And because of the conversation I had with Hakeem Jeffries, I know that we've got to pass a rule and probably do this mostly on our own.
Taylor Ramette defeated Republican Lee Walms Guns in the race for the seat in Terran County, which includes Fort Worth, getting 57% of the vote.
Deputy Attorney General Todd Blanch said the agency had finished its review of six million pages of material on the late sex offender and ultimately released about three and a half million of them.
Blanch says congressional leaders can still see the material that's being kept under wraps.
He also appeared on ABC's this week.
They've done no real investigation.
Their entire determination has been to shut it down to protect Donald Trump.
Spot Silver is down three point six percent after plunging twenty-six percent on Friday.
The rapid declines come after a record-breaking rally, and Martin Ritchie covers the medals for Bloomberg.
I think throughout last week, all that kind of frenzied trading, all the bills piling in.
I think you know there's a lot of warnings that this price was going ahead of reality.
But now we're in the situation, I think, across gold, silver, and perhaps even uh copper and metals.
We were looking to see where people start to buy the dip.
And Bloomberg's Martin Ritchie notes that gold is now down about 20 percent from its all-time high.
Megan, oil is falling today as well.
Karen, West Texas Intermediate is down nearly five percent, trading just above sixty-two dollars a barrel.
The drop comes after President Trump downplayed Iran's supreme leader, Ayatollah Ali Hameini's threats of a regional war over the weekend.
President Trump says he is hopeful the two sides will come to an agreement.
And this morning, a spokesman for Iran's farm ministry says the country hopes diplomatic efforts to avert a war with the U.S.
will bear fruit within days.
Nathan, let's stay with AI and shares of Oracle.
They are down almost three and a half percent this morning.
The company plans to raise 45 billion to 50 billion dollars this year to build additional cloud infrastructure capacity to meet demand.
The announcement coincides with persistent fears about whether massive artificial intelligence linked investments by tech companies such as Oracle will pay off.
Okay, Karen, let's turn to the weather now.
A large part of the nation's coming off another frigid weekends.
Let's bring in Bloomberg meteorologist Craig Allen to find out whether any let up is in sight.
Craig, is any let up in sight?
It's not quite as harsh in the central plains, or as a matter of fact, it's even warmer in the Rockies right now than it is in parts of Florida.
So you've got that.
There was just a wicked blizzard condition across most of the Carolinas.
And of course, now you've also got freeze warnings for the entire state of Florida for this morning.
So that will probably show up agriculturally, you know, in in the supermarkets a little bit down the road as well.
So, yes, there is going to be a little bit of a reprieve, but unfortunately, Nathan Karen, it looks like bitter cold weather will come back towards the end of this upcoming week.
All right.
Bloomberg Meteorologist Craig Allen.
Craig, we're going to be checking back with you throughout the morning.
And it's time now for a look at some of the other stories making news in New York and around the world.
And for that, we're joined by Bloomberg's Michael Barr.
Michael, good morning.
Good morning, Karen.
President Donald Trump said he plans to close the John F.
Kennedy Center for the Performing Arts for about two years to carry out renovations.
President Trump's decision comes after a significant backlash, including prominent artists canceling performances and declining ticket sales following his takeover and renaming of the center to the Trump Kennedy Center.
For years, the center was home to the opera and the National Symphony Orchestra.
I don't know anything about it.
I didn't know.
I mean, I know there's a race going there, and uh it's too bad.
What can I say?
I have nothing to do with it.
Ramette is to face Womguns again in the November general election to decide the seat for a full four-year term.
The 68th annual Grammy Awards took place Sunday in Los Angeles.
Bad Bunny has won Album of the Year.
The first time a Spanish language album has taken the Grammys top honor.
The Puerto Rican native opened his remarks by saying, Ice out.
We're not Sabas, we're not animals, we're not aliens, we are humans, and we are Americans.
Many other artists also use their time on stage to spread a pro-immigration and anti-ICE message.
Billy Eilish, Jelly Roll, and Lady Gaga were among the night's other winners.
Olivia Dean won Best New Artist.
Kendrick Lamar won for Best Rap Album and Record of the Year.
The Grammys were aired on CBS.
Today is Groundhog Day.
According to folklore, we'll see if we'll get six more weeks of winter.
Global News, 24 hours a day, and whenever you want it with a Bloomberg News Now, I'm Michael Barr and Karen.
Thanks, Michael.
Time now for our Bloomberg Sports Update.
And for that, we bring in John Stash Hour.
Thanks, Karen.
All NFL teams don't have a new head coach for the Arizona Cardinals.
It's Mike LaFleur.
He had been the LA Rams offensive coordinator for the Las Vegas Raiders.
It apparently is going to be Clint Kubiak, the Seattle offensive coordinator.
Oh, that can't become official until after the Super Bowl.
Farmers Insurance Golf in San Diego, Justin Rose led all the way, finished with a 23 under par score, which was the best score in tournament history.
Outdoor hockey in Tampa, the lightly beat the Bruins.
That's your Bloomberg Sports Update.
Stay with us.
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Good morning.
I'm Nathan Hager.
And for the second time in just a few months, the federal government is under a partial shutdown this time amid the national outcry over clashes between immigration enforcement and protesters in Minnesota.
But unlike the last time around, the record shut down, House Speaker Mike Johnson says this one shouldn't last long, but he has a bottom line.
Good morning, Nathan.
Um it's yeah, it's unclear at the moment, um, given that uh the Democrats are making a series of demands, some of which the administration um has indicated uh, you know, they would not accept.
So uh the Democrats would like to see uh body cameras on immigration enforcement officials um they would also like to see uh identification, that agents don't wear masks, and also that agents seek a judicial warrant before searching homes or or pulling people out of vehicles.
Um Tom Homan, who's the Border tsar who's been sent to Minnesota, has indicated that some of those demands are just will will not be accepted, such as uh regarding identification.
But they are indications the administration may be open to some of the demands, maybe wearing body cameras or ending what are known as roving operations in cities but at this point it's still very much stuck in the negotiation phase and whether two weeks will be long enough is is questionable.
All right so while we wait for uh further developments on that front uh possibly getting the government open this week there is a lot more fallout this morning over uh what sounds like it may be the final release of Epstein files from the Justice Department is that our understanding Yeah well that's certainly um how it's being portrayed by the Department of Justice they released uh millions of documents last week including photos and uh video footage um but what we do know is that this represents about 50% of the files that the department holds that's proving very controversial particularly among Democrats um given that the law that was passed last year called on the Department of Justice to release all of the files and actually by December 19th so this is already quite a significant delay.
The department says for their part that uh they are withholding documents that contain sense of information about victims and uh or that are related to ongoing federal investigations, and they've given no indication that they are anytime soon going to releasing some of these files.
In our last minute uh there's a report in the Wall Street Journal this morning that some of that sensitive information may have gotten out anyway.
Yes, that's true.
So the um of the millions of of documents that were released last week, according to the Wall Street Journal uh anal they did an analysis, and it shows that actually many documents actually contain a lot of sensitive information, including full names and in some cases addresses of uh some of Jeffrey Epstein's victims.
The department has said that when that has been identified, when it's been notified of these um lack of redactions, it will it will take them off its website and redact the information.
But it's already another sort of indication that the handling of this case has not gone as smoothly as it should have, given that the law did say last year that it should redact all information, all sensitive information regarding victims.
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