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Bloomberg News Now

Democrats Threaten Shutdown, Yen Extends Gain, More

26 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 23.661 Stephanie Flanders

Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, Head of Government and Economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.

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24.582 - 29.008 Stephanie Flanders

Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.

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30.288 - 33.633 Charles Capel

News when you want it with Bloomberg News Now. I'm Charles Capel.

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33.754 - 35.185 Caroline Hipker

And I'm Caroline Hipker.

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35.468 - 49.401 Charles Capel

Congressional Democrats are threatening a US government shutdown after federal immigration agents shot dead a second American citizen. On Saturday in Minnesota, ICE officials killed intensive care nurse Alex Preti as they subdued him.

50.182 - 68.209 Charles Capel

Widely circulated videos showing the incident from multiple angles suggest that a handgun, which Preti had a permit to carry, may have been removed from him by an agent before other officers opened fire. Democratic Senator Amy Klobuchar of Minnesota spoke to ABC's This Week program.

68.527 - 99.04 Amy Klobuchar

Somehow 50,000 peaceful protesters in 10 below weather, I was there with them marching, were able to march without any problems. And then the next day, a half a dozen ICE and border control agents couldn't handle a guy with a cell phone taking video of them and shot him. So I think it's pretty obvious what's going on here. And what needs to happen is they need to leave.

100.285 - 111.719 Charles Capel

Senator Amy Klobuchar speaking to ABC after Border Patrol Commander-at-Large Gregory Bovino said Alex Preti approached officers with a handgun and violently resisted attempts to disarm him.

112.239 - 123.913 Charles Capel

In a telephone interview with the Wall Street Journal on Sunday, President Trump declined to say whether the federal officer who fatally shot Preti had acted appropriately and said the administration was reviewing the incident.

Chapter 2: What events are leading to the threat of a US government shutdown?

262.235 - 283.389 Charles Capel

In the UK, allies of the Prime Minister have blocked Greater Manchester Mayor Andy Burnham from standing to become a Member of Parliament in an upcoming by-election. The decision leaves Burnham a key rival of Keir Starmer with no clear route to Parliament. Steve Reid, the government's housing secretary, says it's the wrong time for him to return to Westminster.

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284.11 - 301.236 Steve Reid

Well, I look forward to seeing Andy Burnham back in Parliament in due course. But right now, he's only halfway through a four-year term as mayor. Two million people have the right to vote in that area. They're not expecting a by-election for their mayor halfway through the term of the current mayor.

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Chapter 3: What details emerged from the ICE shooting incident involving Alex Preti?

302.279 - 321.082 Charles Capel

Housing Secretary Steve Reid speaking there following an 8-1 vote by Labour's National Executive Committee against the attempt by the Mayor to stand in Gorton and Denton. Bloomberg understands that Keir Starmer told the panel that Burnham's standing would trigger months of psychodrama and badly damage Labour ahead of May's local elections.

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321.783 - 329.653 Charles Capel

Posting on social media on Sunday, Burnham said he was disappointed by the decision and concerned about its potential impact.

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330.224 - 339.39 Caroline Hipker

Well, new research by Morgan Stanley says that the UK is losing more jobs than it's creating because of artificial intelligence. Bloomberg's Ewan Potts has more.

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339.472 - 357.148 Ewan Potts

Morgan Stanley's study found AI innovations are coming at a particularly heavy cost to workers in Britain. The report surveyed firms in five industries that have been using AI for at least a year. It found that for many companies, tech investments are already paying off with an average 11.5% increase in productivity.

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357.669 - 366.677 Ewan Potts

But when it comes to employment, UK companies reported the highest level of net job losses of any of the countries in the survey. In London, I'm Ewan Potts, Bloomberg Radio.

366.657 - 370.082 Charles Capel

That's News When You Want It with Bloomberg News Now. I'm Charles Capel.

370.282 - 380.878 Karen Moscow

And I'm Caroline Hepke. And this is Bloomberg. Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moscow.

381.058 - 394.318 Nathan Hager

And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics and international relations.

394.298 - 400.784 Karen Moscow

Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.

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