Luke Vargas

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Here is your morning brief for Monday, January 26th.

I'm Luke Vargas for The Wall Street Journal.

President Trump says his administration is investigating the killing of intensive care nurse Alex Preddy by federal agents in Minneapolis over the weekend.

Trump, speaking to the Journal yesterday, repeatedly declined to say whether the officer who shot Preddy had acted appropriately, though he also criticized Preddy for carrying a gun during protest activity.

A hearing is scheduled for today in Minnesota federal court in a suit brought by the state's attorney general that seeks to bar Homeland Security and Justice Department officials from destroying or concealing evidence related to Saturday's shooting.

A Homeland Security spokeswoman defended the actions of immigration agents and described claims that evidence was destroyed as, quote, an attempt to divide the American people.

Large swaths of the U.S.

are still covered in snow and ice this morning following this weekend's winter storm.

More than 800,000 Americans are currently without power, according to PowerOutage.us, with Tennessee and Mississippi especially hard hit.

The harsh weather has also forced major oil and natural gas-producing regions to shut up shop, further stressing grids.

According to JPMorgan analysts, about a quarter million barrels of daily crude production has been lost due to closures in Oklahoma and parts of Texas.

Travelers are also bearing the brunt of the storm, with tens of thousands of flights canceled yesterday and more than 4,000 canceled so far today.

And gold has surged past $5,000 for the first time ever, adding to its historic rally.

Political uncertainty regarding Greenland and Venezuela, coupled with President Trump's latest threat of 100% tariffs on Canada, is pushing safe havens like gold and silver to new highs.

Asian stocks have end of the day mostly lower.

European stocks are mixed in midday trading.

And U.S.

stock futures opened slightly lower ahead of a busy earnings week.