Amy Morris

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News when you want it with Bloomberg News Now, I'm Amy Morris.

President Trump says he'll move to ban institutional investors from buying single-family homes, part of a push to address housing affordability.

Trump made the announcement on social media.

He did not immediately provide details on what his effort will entail.

but he said he would ask Congress to codify the action.

Wisconsin Republican Congressman Brian Stile, a member of the House Financial Services Committee, says he looks forward to seeing more details of the plan.

Hear more from Brian Stile on the Bloomberg Balance of Power podcast.

Shares of Blackstone fell more than four and a half percent.

American Home shares about three percent lower and Lenar shares now about one and a half percent lower.

Shares of major defense contractors also fell after President Trump posted on social media

that he won't allow defense companies to issue dividends or buy back their own stock until they invest more in production and research.

Trump says executive pay at defense companies should be capped at $5 million until they build what he calls...

new and modern production plants.

An Immigration and Customs Enforcement officer fatally shot a woman during a confrontation in Minneapolis, sparking anger over the presence of ICE agents in the city.

Minneapolis Mayor Jacob Fry called for ICE agents to leave the city immediately.

Homeland Security Secretary Kristi Noem is calling it an act of domestic terrorism.

Mayor Fry rejects claims that the ICE agent acted in self-defense.

The United States says it has seized two sanctioned oil tankers linked to Venezuela in back-to-back actions in the North Atlantic and the Caribbean.

Bloomberg's Mike Shepard says the U.S.