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Bloomberg News Now

Jeffries Pushes ICE Reforms, Bessent Praises Takaichi Win, More

08 Feb 2026

Transcription

Transcript generated automatically by AI and may contain errors.

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

0.031 - 28.266 Ed Kalecki

The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.

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29.107 - 46.288 Monica Ricks

News when you want it with Bloomberg News Now. I'm Monica Ricks. Congress has till Friday to come up with a funding plan before the Department of Homeland Security shuts down. But House Minority Leader Hakeem Jeffries says Democrats will keep pushing for ICE reforms to combat violent immigration tactics.

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46.268 - 52.616 Unknown

ICE is completely and totally out of control, and the American people want them reined in.

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52.917 - 66.454 Monica Ricks

Jeffries on CNN's State of the Union. Meantime, White House borders are Tom Homan says he'd like to draw down the number of ICE agents in Minneapolis over the next two weeks, but only if he gets more cooperation from its leaders and protesters.

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66.434 - 77.678 Tom Homan

I need some help from the governor and mayor to get the message out there to the public. And as the agitation, as the interference taps down, that allows me to release the security force quicker.

77.798 - 97.09 Monica Ricks

Homan speaking to ABC affiliate KSTP in Minneapolis there. Minnesota Governor Tim Walz has said it's a step in the right direction. EXIT POLLS SHOW JAPAN PREMIER SENAI TAKAICHI'S RULING LIBERAL DEMOCRATIC PARTY HAS WON A SUPER MAJORITY IN A SNAP ELECTION. TREASURY SECRETARY SCOTT BESSEN PRAISED TAKAICHI'S LANDSLIDE VICTORY.

97.27 - 114.345 Scott Bessent

Boy, has she had a big victory today. She's going to have two-thirds majority in the upper house. President Trump endorsed her last week. She is a great ally, great relationship with the president. And when Japan is strong, the U.S. is strong in Asia.

114.325 - 134.372 Monica Ricks

Besant on Fox's Sunday Morning Futures. He also criticized traders in China in that interview, citing them as a reason for last week's wild swings in the gold market. Iran's President Massoud Pesachian described Friday's nuclear talks with Washington as a step forward and insists that the Islamic Republic's not pursuing nuclear weapons.

134.812 - 150.506 Monica Ricks

President Trump has threatened strikes on Iran over its crackdown on protests, as well as its nuclear ambitions. He says more talks are expected this week. More Republicans are calling for President Trump to apologize for posting a racist video on social media this week of the Obamas.

Chapter 2: What are the latest developments in ICE reforms?

173.877 - 194.847 Monica Ricks

Hims and Hers says it'll stop selling a copycat version of Wegovy's new weight loss pill just two days after launching it. The decision follows the FDA's announcement this week that said it was cracking down on imitation weight loss treatments. Novo Nordisk, which makes Wegovy, had also threatened to take action. Block is making job cuts now in a big efficiency push.

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195.188 - 196.991 Monica Ricks

Bloomberg's Ed Kalecki has details.

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197.332 - 207.31 Unknown

Jack Dorsey's Block has been notifying hundreds of employees that their jobs may be eliminated during annual performance reviews as the payments firm embarks on a broader business overhaul.

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Chapter 3: How does Hakeem Jeffries propose to combat violent immigration tactics?

207.29 - 225.113 Unknown

Up to 10% of Block's workforce is at risk of being cut. The company had fewer than 11,000 employees as of late November. Block has been retooling its business model and staffing since 2024 when it reorganized reporting lines and outlined a plan to operate more efficiently. Ed Kalecki, Bloomberg Radio.

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225.093 - 242.832 Monica Ricks

Last week's partial government shutdown didn't last long enough to delay key economic readings, which means we'll get the monthly jobs report initially scheduled for last Friday, this Wednesday. Economists predict 70,000 more jobs gained than lost in January, partly because last week's job readings showed weakness.

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243.335 - 251.312 Monica Ricks

Football fans are spending big bucks to attend tonight's big game, pitting the New England Patriots against the Seattle Seahawks. Here's Bloomberg's Charlie Pellett.

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251.532 - 274.31 Charlie Pellett

Regardless of the draw, tickets, hotel and airfare to the nation's most watched sporting event has attendees forking over more than $9,400 on average. according to data collected from SeatGeek, Hotels.com and Hopper. For many fans, the total cost of a three-day weekend will reach well into five figures. Charlie Pellett, Bloomberg Radio.

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274.33 - 284.243 Monica Ricks

More than 80 million people in the Northeast are dealing with more dangerous cold today, with winds dragging down temperatures to single digits and in many places into negative territory.

284.223 - 285.945 Nathan Hager

I did not expect that, especially the wind.

285.965 - 288.129 Charlie Pellett

I did not expect the wind because it's freezing.

288.309 - 289.651 Monica Ricks

These folks in New York City.

289.831 - 293.176 Unknown

This is the type of weather that you don't play with.

Chapter 4: What is the significance of Takaichi's win in Japan's snap election?

416.105 - 419.8 Nathan Hager

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