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Bloomberg News Now

Iran Protests, NYT: Prosecutors Opened Probe into Powell, More

12 Jan 2026

Transcription

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

0.031 - 3.739 Doug Krisner

News When You Want It with Bloomberg News Now, I'm Doug Krisner.

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Chapter 2: What are the recent developments in the Iran protests?

4 - 27.025 Doug Krisner

And we begin in Iran, where nationwide anti-government protests have intensified. In recent days, President Trump has repeatedly threatened to strike Iran, suggesting America is back in the regime change business. We are told U.S. commanders have briefed Trump on options for military strikes. Meantime today, Tehran warned both the U.S. and Israel against any intervention.

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27.406 - 31.272 Doug Krisner

Here is Juan Cole, professor of history at the University of Michigan.

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Chapter 3: How is the U.S. government responding to the situation in Iran?

31.672 - 54.673 Juan Cole

Trump has a record of bombing places, but he has also a record of no follow-through. And were he to make himself feel good about intervening in the situation by bombing government installations or military bases in Iran, there is a big danger that he would actually be supporting the regime.

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54.733 - 66.403 Juan Cole

Because the regime's story about the protests is that they are fifth columnists working on behalf of the United States and Israel. And people in Iran don't want to be traitorous.

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66.383 - 74.535 Doug Krisner

That is Professor Juan Cole from the University of Michigan. Tomorrow, President Trump is reportedly scheduled to be briefed on specific options.

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74.575 - 92.863 Doug Krisner

The Wall Street Journal saying the president is planning to meet with senior officials about the next steps, and that could include boosting anti-government sources online as well as deploying secretive cyber weapons and potentially placing more sanctions on the regime. Military strikes are also an option.

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93.08 - 115.883 Doug Krisner

Federal prosecutors have reportedly opened a criminal investigation into Fed Chair Jay Powell over the central bank's renovation of its Washington, D.C. headquarters. The New York Times reports a key issue is whether Powell lied to Congress about the scope of the project. This inquiry includes analysis of Powell's public statements as well as an examination of spending records.

115.903 - 135.719 Doug Krisner

The Times says the probe was approved back in November by Jeanine Pirro, a longtime ally of President Trump who was appointed to run the U.S. Attorney's Office in the District of Columbia last year. There were nationwide protests against ICE across the U.S. after an agent shot and killed Renee Nicole Good last week in Minneapolis.

136.259 - 151.302 Doug Krisner

Today, the Trump administration said hundreds more federal agents will be deployed to Minneapolis. Meantime, federal authorities are freezing Minnesota officials out of the investigation. Here is Minnesota Democratic Senator Tina Smith speaking on ABC's This Week.

151.602 - 165.849 Tina Smith

We need to have a fair and unbiased investigation so we can gather all of the evidence and all of the information and we can know exactly what's happening. And what I think is going on here is the administration does not want that to happen. And that looks to me like a cover up.

165.869 - 188.359 Doug Krisner

Minnesota Democratic Senator Tina Smith speaking on ABC's This Week. Late last week, the Trump administration met with oil executives to discuss rebuilding Venezuela's oil infrastructure. And today, U.S. Energy Secretary Chris Wright told CBS Face the Nation, there's a real possibility American businesses will take a financial stake in Venezuelan oil.

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