End to Minnesota Operations, Stocks Rise at the Open, More
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news when you want it with bloomberg news now i'm karen moscow we have new developments in the immigration crackdown in minneapolis with the president agreeing to end the enforcement surge in minnesota and we have more on that in just a moment first a look at the opening bell on wall street the dow jones industrial average is on the rise this morning on a busy week for earnings up four tenths of a percent at the open The S&P 500 up three-tenths of a percent, the Nasdaq up a quarter percent at the open, and the 10-year Treasury yield at 4.15 percent. While the immigration crackdown in Minnesota that led to mass detentions, protests, and two deaths is coming to an end, that's according to Border Czar Tom Homan.
U.S. Immigration and Customs Enforcement launched Operation Metro Surge on December 1st. Federal authorities say the sweeps focused on the Minneapolis-St. Paul metro area and they've led to the arrest of more than 4,000 people. Still, Homan signaled that enforcement actions would continue, saying that a small footprint of personnel will remain for a period of time to close out and transition full command and control back to the field office. Also this morning, a U.S. judge saying that President Trump's defamation lawsuit against the BBC is set to go to trial in February 2027. President Trump's tariff policies suffered their strongest political blow yet with the Republican-led U.S. House passing legislation that was aimed at ending the levies on Canadian imports.
Six Republicans joined with Democrats on this vote yesterday. Begin more with Bloomberg's Tyler Kendall.
This marks the strongest political pushback that we've seen against one of President Trump's signature economic policies as we head into the midterm elections. And House Speaker Mike Johnson tried to prevent his members from taking this politically fraught vote. He had tried to delay it until at least after the Supreme Court rules on President Trump's broad based AIPA. tariffs. But at this point, they're now all on the record. And if you're a reporter here in Washington, you get inundated with campaign emails. And I have to say, after this vote took place, my inbox was flooded with Democrats targeting Republicans in foreign states who voted in favor. of the president's tariff policies.
And that's Bloomberg's Tyler Kendall. After the vote, the president fired off a stern warning, writing on social media that any Republican in the House or the Senate that votes against tariffs will seriously suffer the consequences come election time, and that includes primaries. House Republicans have advanced the Save America Act, a bill that would impose strict new voter ID requirements ahead of the midterms.
What recent developments occurred in the immigration crackdown in Minneapolis?
The bill now heads to the Senate, where Bloomberg's David Gurra reports it faces tougher odds.
is that 60-vote filibuster-proof majority that they would need to get seems unlikely. So you see this pressure from Republicans in the House on John Thune, the majority leader, to relax these filibuster rules. He and other institutionalists are reluctant to do that.
And that's Bloomberg's David Gurra, who says the House could also attach the voter ID bill to other must-pass legislation to increase its odds in the Senate. Army Secretary Dan Driscoll is warning major US defense contractors to adapt as the Pentagon reforms its weapons buying process or risk being replaced, namely by commercial giants that have never done business with the Defense Department. Now to the latest on the search for the 84-year-old mother of today's show host Savannah Guthrie. Federal agents are looking along roadways in the Catalina Foothills area near Tucson as part of the investigation into the disappearance of Nancy Guthrie.
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