ICE Shooting in Minneapolis, Venezuelan Oil Strategy, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
Karen, we begin in Minneapolis. That is where an immigration and customs enforcement officer shot and killed a woman during a confrontation. Bloomberg's John Tucker joins us with the latest. John.
What happened during the ICE shooting incident in Minneapolis?
And Nathan, the shooting caught on video and shared widely on social media, happened during what federal officials described as a targeted operation. It shows a Honda pilot blocking part of the road as two federal agents approached. As one of them tried to open the door, the SUV backed up slightly. A third agent then appeared in front of the automobile, and he fired at the driver as it began to turn and move forward. Homeland Security Secretary Kristi Noem calls it self-defense and domestic terrorism.
The ICE officer fearing for his life and the other officers around him and the safety of the public fired defensive shots. He used his training to save his own life and that of his colleagues.
The claim of self-defense drew this response from Minneapolis Mayor Jacob Fry. Get the f*** out of Minneapolis. We do not want you here. The driver was shot in the head. She's identified as 37-year-old Renee Good. Minnesota Governor Tim Walz places blame squarely at the feet of the Trump administration.
It's governing by reality TV.
And today that recklessness cost someone their life. President Trump described the video as a horrible thing to watch. He accused the woman driving the car of resisting and claimed she violently, willfully, and viciously ran over the ICE officer. Within hours, the Minneapolis killing ignited protests as far away as New York City. I'm John Tucker, Bloomberg Radio.
All right, John, thank you. We want to get to the latest on Venezuela. Now, oil traders and refiners are rushing to position after President Trump said the U.S. will take control of up to 50 million barrels of Venezuelan oil. In an interview with The New York Times, the president said only time will tell how long the U.S. will maintain oversight of the country. But when pressed, he said it could be much longer than a year. Bloomberg's Rosalind Matheson reports the U.S. may be aiming to control Venezuela oil exports indefinitely.
They would hold the proceeds in Treasury accounts, which means that creditors can't really get their hands on that money, at least for some time. The impact on the market remains to be seen. I mean, Venezuelan oil is not a key one in the market at the moment, a market that's already very well supplied. I mean, Donald Trump is talking about up to 50 million barrels of oil being available. That seems quite optimistic, given that Venezuela is only really pumping at the most one million barrels a day.
Bloomberg's Roz Matheson reports President Trump plans to meet with U.S. oil executives at the White House in the coming days.
And staying with foreign policy, Karen, Bloomberg News has learned U.S. officials are rushing to come up with options for business deals and other ways to step up links to Greenland. President Trump has long said he wants the territory for security reasons. Secretary of State Marco Rubio says he'll meet with Danish officials next week. That's always been the president's intent from the very beginning. He said it very early on. I mean, this is not new. He talked about it in his first term. Secretary of State Marco Rubio spoke with reporters on Capitol Hill. European leaders have said a U.S. takeover of Greenland would be a major NATO violation.
Well, Nathan, when it comes to military strategy, President Trump is calling for a huge boost in defense spending from $1 trillion to $1.5 trillion a year. At the same time, he's demanding that major defense contractors end stock buybacks and dividends and cap executive pay at $5 million a year until they spend more on weapons development.
How did the Minneapolis Mayor respond to the ICE shooting?
The president made the demands in a series of social media posts and later followed them up with an executive order. Palmer Luckey is the founder of defense technology company Anderlein says he does not have
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