Jeffries Pushes ICE Reforms, Bessent Praises Takaichi Win, More

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What is the main topic discussed in this episode?

Ed Kalecki 0:00
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.
Monica Ricks 0:29
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.
Unknown 0:46
ICE is completely and totally out of control, and the American people want them reined in.
Monica Ricks 0:52
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.
Tom Homan 1:06
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.
Monica Ricks 1:17
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.
Scott Bessent 1:37
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.
Monica Ricks 1:54
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. 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. New York Congressman Mike Lawler says he's disappointed in the White House for releasing it and refusing to own up to its mistake.
Mike Lawler 2:37
Whether it was intentional or a mistake, the fact is it's wrong and we should all just be able to acknowledge that and move forward.
Monica Ricks 2:46
Lawler on ABC's This Week. That video's since been deleted, but President Trump has said he won't apologize.

What are the latest developments in ICE reforms?

Monica Ricks 2:53
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. Bloomberg's Ed Kalecki has details.
Unknown 3:17
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.

How does Hakeem Jeffries propose to combat violent immigration tactics?

Unknown 3:27
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.
Monica Ricks 3:45
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. Football fans are spending big bucks to attend tonight's big game, pitting the New England Patriots against the Seattle Seahawks.

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