Armed Man Shot, Killed at Mar-a-Lago, Blizzard Warnings, More
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The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Monica Ricks. We're following the latest out of South Florida where the U.S. Secret Service killed an armed gunman who snuck into a secure perimeter of Mar-a-Lago overnight. The man's identity hasn't been released, but investigators say he'd been reported missing a few days ago in North Carolina. Agents say he'd been carrying a shotgun and a gas can when they confronted and shot him. No law enforcement was injured. President Trump was also at the White House at the time. Millions of Americans may have to wait a little longer to get through security at airports today as Homeland Security scales back its operations. TSA just posted on X saying pre-check is still up and running, but didn't mention global entry.
It is, however, pausing escorts to members of Congress to redirect staff at airports and ports as part of a partial government shutdown. Meantime, airlines plan to suspend operations at several airports in the Northeast today. More than 3,000 flights have already been delayed and another 3,000 canceled ahead of another major winter storm. Bloomberg meteorologist Rob Carolin is tracking conditions.
Right now, it looks like we'll see 10 to 16 inches around the New York City area. There could be a little bit more over Long Island. Those amounts increase over southeastern Massachusetts. There could be some places that see in excess of 20 inches of snow. The Boston area probably looking at 12 to 18 inches of snow. Could see some gusts over 60 and 70 miles an hour, particularly over Cape Cod. Over 50 miles an hour in Boston. Winds will gust over 40 miles an hour across southern coastal Connecticut, New York City, and Long Island. I'm Rob Carlin, Bloomberg Radio.
States of emergency have been declared in New York and New Jersey, with the travel ban starting in New York City later tonight. The U.S. and Iran are set to resume talks Thursday in Geneva, extending the search for a diplomatic solution to a standoff over Tehran's nuclear program. Iran's foreign minister says he expects to meet U.S. Special Envoy Steve Witkoff for the talks, but insists that Iran won't be pressured by a U.S.
What happened during the armed man incident at Mar-a-Lago?
military buildup. Two aircraft carriers, hundreds of fighter jets and thousands of troops are now on standby in the region as President Trump presses Iran for a nuclear deal. The president said Friday he's considering limited strikes on Iran if it can't reach an agreement within the next two weeks. The European Union could now freeze its trade deal with the U.S. following the Supreme Court's decision this week to reject President Trump's existing duties. The European Parliament's trade committee is holding an emergency meeting tomorrow in response to what its trade chief calls pure customs chaos on the part of the U.S. government. Australia and India have made similar statements. In fact, Indian officials were supposed to meet in Washington this week to discuss trade, but now plan to reschedule.
Meantime, the president's calling the ruling the biggest threat in history to U.S. national security, leaving the country financially defenseless. But U.S. Trade Representative Jameson Greer says Trump's new global tariff could build things back up.
Now it doesn't have the same flexibility. that the president had under the previous authority that he was using, but it gives us very durable tools. It allows us to do investigations, implement tariffs where needed, and provides a lot of leverage and a lot of protection for American industry.
The new 15% tariff expires at the end of July, just months ahead of midterm elections. Investors may be getting skittish about AI's revenue prospects, but Bloomberg's Dan Schwartzman tells us a major player is optimistic.
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