Judge Hears Case to Curb ICE in Minnesota, New Government Shutdown Risk, More
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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.
I cannot support the National Republican stated retribution on the citizens of our state, nor can I count myself a member of a party that would do so. I support the originally stated goals of Immigration and Customs Enforcement's Operation Metro Surge, but Operation Metro Surge has expanded far beyond its stated focus on true public safety threats.
Medell is an attorney who was considered a top candidate for the Republican ticket. And the weekend shooting death of ICU nurse Alex Preddy has prompted a bipartisan backlash on Capitol Hill, a growing number of Republicans calling for a full investigation. Trump must now weigh whether to ramp up or scale back the immigration crackdown. And a recent poll shows a majority of voters disapprove of how the Trump administration is handling these immigration tactics. Democrats have threatened to shut down the government unless Republicans strip funding for DHS, with Senate Democratic Leader Chuck Schumer vowing to block a massive spending package. Nathan Dean with Bloomberg Intelligence.
A lot of Republicans still agree with President Trump's policy on this. I don't see a lot of Republicans really trying to change their stances before this weekend. So I think what happens is that if we shut down, it's short-lived.
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.
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