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Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Nathan Hager. And I'm Karen Moscow. Karen, we began with a big blow this morning to President Donald Trump's tariff policies. Bloomberg's John Tucker's here with the latest. John? And Nathan, the Republican-led House has passed a resolution to rescind President Trump's tariffs on Canada.
Six Republicans joined nearly all Democrats in passing the measure. On this vote, the yeas are 219 and the nays are 211. The joint resolution is passed. Without objection, the motion to reconsider is laid on the table. Well, even if it does pass the Senate now, President Trump would veto it. So this is all about sending a message.
The House vote signals a growing rift within the Republican Party with the midterm elections approaching. The Republicans who voted for it have to face their constituents who are increasingly worried about affordability.
And that Wednesday's vote even happened is a blow to House Speaker Mike Johnson, the top Trump ally who had spearheaded a block on bringing tariff-related bills to the floor for months yesterday. The passage also comes as Trump privately weighs quitting the U.S.-Mexico-Canada trade pact that he signed during his first term.
Following the vote, Trump wrote on social media, Any Republican in the House or Senate that votes against tariffs will seriously suffer the consequences come election time, and that includes primaries. In New York, I'm John Tucker, Bloomberg Radio. All right, John, thank you.
Well, House Republicans have also approved legislation that would impose strict new voter ID requirements ahead of the midterm elections. The bill is a Trump administration priority aimed at scrutinizing ballot access, but it faces blowback in the Senate.
The legislation requires Americans to present proof of citizenship when they register to vote and to show a valid photo identification before they cast ballots. Republicans say it's needed to prevent voter fraud. Democrats warn it will make it harder for millions of Americans to vote.
Elsewhere on Capitol Hill, Karen, Attorney General Pam Bondi had a contentious hearing before the House Judiciary Committee on the Jeffrey Epstein case and her agency's investigations into President Trump's political opponents. The committee's top Democrat, Jamie Raskin, accused Bondi of turning the Justice Department into an instrument of revenge.
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Chapter 2: What are the latest developments in President Trump's tariff policies?
Mr. Chairman, why didn't she ask Merrick Garland this? I'm reclaiming my time, and when I reclaim my time, it is mine. I'm not going to get in the gutter for her theatrics. Attorney General Pam Bondi flipped through a binder throughout the hearing to deliver attacks at individual lawmakers.
She says the Justice Department has pending investigations related to Jeffrey Epstein, but she did not elaborate. Now, Nathan, 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.
The Pima County Sheriff's Department and the FBI said that they're following up on 18,000 tips. And here's retired FBI agent Richard Frankel. 18,000 in what, a week and a half? That number is staggering. After 9-11, we had, I believe, 18,000 to 20,000 in two years.
Retired FBI agent Richard Frankel, the FBI has also released images of a masked person on Nancy Guthrie's porch the night she went missing near Tucson. Guthrie was reported missing on February 1st. Overseas, Karen, the death toll from the crackdown over Iran's nationwide protests last month has reportedly reached more than 7,000.
That's according to the U.S.-based human rights activist news agency, which has been accurate in counting deaths during previous rounds of unrest in Iran. It relies on a network of activists to verify those numbers. The rise in the death toll comes as Iran tries to negotiate with the U.S. over its nuclear program.
Nathan, President Trump's energy chief has arrived in Venezuela to meet with the nation's new leader and assess its energy infrastructure. Energy Secretary Chris Wright met with acting President Delce Rodriguez in Caracas as the U.S. pushes to revive Venezuela's oil sector. And Bloomberg's Anne-Marie Hordern is traveling with the energy secretary and has more.
Secretary Chris Wright of the Energy Department met with acting President Delcy Rodriguez. The two discussed business ventures and how to collaborate further when it comes to energy, mining and electricity in the country. Secretary Wright said he came here. The message from President Trump was that he wants to make the Americas great again and he wants to transform this relationship.
He continuously talks about you can transform a relationship with commerce instead of boots on the ground. And that's Bloomberg's Anne-Marie Hordern reporting from Caracas. And Wright is the most senior U.S. official to make a public visit to Venezuela since the Trump administration captured former President Nicolas Maduro in early January.
Turning to the markets now, Karen, futures are higher after yesterday's declines. Shares of Cisco Systems are down more than 7% in early trading. The largest maker of networking equipment gave a weaker-than-expected forecast, and that's spurring concerns that mounting memory chip prices are taking a toll.
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Chapter 3: How does the House's resolution on tariffs reflect Republican party dynamics?
Time now for the Bloomberg Sports Update, and we bring in John Stashower. John. Thanks, Karen. Second straight day at the Olympics where the United States won five medals and this time two gold. Liz Lemley, only 20 years old. She had never been in an Olympic event before. She won gold in freestyle skiing. And 21-year-old Jordan Stolls won in speed skating. He may end up winning four gold medals.
The NBA, after that fight between the Pistons and Hornets, suspended four players, including Detroit's Isaiah Stewart, who got seven games. He had left the bench. That's your Bloomberg Sports Update. Thanks, John. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow. I'm Nathan Hager, and this is Bloomberg. As a place to do business, the UK stands apart.
Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth.