Bloomberg News Now
Judge Hears Case to Curb ICE in Minnesota, New Government Shutdown Risk, More
26 Jan 2026
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 Amy Morris. A federal judge has heard the arguments over whether she should at least temporarily halt the immigration crackdown in Minnesota. The state of Minnesota and the cities of Minneapolis and St.
Paul sued the Department of Homeland Security earlier this month asking the judge to order federal law enforcement agencies to reduce the numbers of officers and agents in Minnesota while allowing them to continue to enforce immigration laws within limits. It is not clear when the judge might rule.
President Trump says he has had what he calls a very good call with Minnesota Governor Tim Walz, requesting they work together to ease tensions in Minneapolis. The president says they expect to speak again very soon, and Walz's office called the phone call productive. President Trump is sending U.S. Border Czar Tom Holman to Minneapolis amid a growing outcry over that immigration crackdown.
Trump suggested on social media that Holman would help de-escalate tensions where protesters and immigration agents have been clashing for weeks. Laura Davison is Bloomberg News Deputy Bureau Chief in Washington. Tom Holman reports directly to the president. The White House clearly wants to get a much firmer grip on what's happening there.
Bloomberg's Laura Davison tells Bloomberg surveillance moving home and into Minneapolis puts DHS Secretary Kristi Noem's future into question. Republican Chris Maddow says he is ending his campaign for governor of Minnesota.
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Chapter 2: What are the latest developments in the ICE case in Minnesota?
And then ICE funding is already separately funded through the one big beautiful bill through the fiscal year 2029. I think they stripped that and then they passed the rest of the government packages and they saved DHS for another day.
Bloomberg's Nathan Dean tells Balance of Power if a shutdown does happen, it should last about a few weeks. The dollar fell to a four-month low. Gold topped $5,000 for the first time as the earnings season is picking up steam. We check markets for you all day long here at Bloomberg. The S&P 500 up 0.6%, NASDAQ up 0.6%, and the Dow up 0.6%.
The 10-year Treasury yield at 4.21%, the 2-year yield at 3.58%, And let's check SpotGold now. It is up 1.8%. Shares of CoreWeave are more than 8% higher. NVIDIA is investing another $2 billion in that cloud infrastructure company's stock to speed its efforts to add more than 5 gigawatts of AI compute by 2030. Bloomberg Tech anchor Ed Ludlow.
To its credit, CoreWeave has said is consistently the users, the customers of CoreWeave want NVIDIA. So even if there are other products out there in the marketplace anyway, it's NVIDIA that they keep asking for. And it's not just the latest generation of NVIDIA accelerators.
Bloomberg's Ed Ludlow reports NVIDIA has already agreed to buy more than $6 billion in services from CoreWeave through 2032. Power grids across the country are being tested by a post-winter storm freeze that has driven up demand and raised the risk of blackouts.
That storm knocked out power to hundreds of thousands of homes and businesses, and it could take days to be restored, especially in the hardest-hit areas where these cold temperatures will stick around for days, well below historical averages. Bloomberg meteorologist Rob Carolin.
Numerous states now under either cold weather advisories or extreme cold weather warnings. That's going to be the big story this week as the storm has, for the most part, ceased to produce any very heavy precipitation.
Bloomberg meteorologist Rob Carolin. Natural gas in the U.S. has surged. An estimated 12 percent of U.S. natural gas production has been knocked offline by the storm.
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Chapter 3: How is President Trump responding to the situation in Minneapolis?
and now prices have hit the highest since December of 2022. Right now, natural gas prices are more than 30 percent higher. Durable goods orders increased in November by the most in six months, boosted by bookings for commercial aircraft and other capital equipment.
Economists expect business investment to pick up this year as companies take advantage of tax provisions from the Republican spending package enacted last year. Israel says it has recovered the remains of the last hostage in Gaza, That's a step toward further implementing President Trump's post-war plan.
The next step is likely to be the reopening of Gaza's border with Egypt, which would allow Palestinians to move in both directions and for more aid to enter the territory. That's news when you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg.
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