Minneapolis ICE Shooting, Trump on Housing, More

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Bloomberg News Now 6 min 7 speakers 4 chapters transcribed 2 months ago
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Doug Krisner 0:17
News when you want it. With Bloomberg News Now, I'm Doug Krisner. We begin in Minnesota, where a woman is dead after being shot by an ICE officer during an immigration operation in Minneapolis. Now, the Department of Homeland Security says the officer fired in self-defense as the woman tried to run down officers with her vehicle. Here is Homeland Security Secretary Kristi Noem.
Kristi Noem 0:39
This city has burned before and your mayor and your governor let it happen. President Trump is not going to let that happen. He and our federal law enforcement officers are here to bring peace and to bring public safety and to ensure that criminal activity is stopped and that people who perpetuate it will face consequences.
Doug Krisner 0:58
That is Homeland Security Secretary Kristi Noem. Now, Minneapolis Mayor Jacob Fry said the incident was reckless and unnecessary. President Trump is moving to ban institutional investors from buying single-family homes in the U.S. This shows the president is attempting to address housing affordability ahead of this year's midterm elections. Now, Blackstone is a major investor in single-family homes in the U.S., Today, its shares were down 5.5%. Here is Meredith Whitney, the CEO and founder of Meredith Whitney Advisory.

What happened in the Minneapolis ICE shooting and how did officials respond?

Meredith Whitney 1:33
Everyone also has to remember that one of Trump's bigger donors and advisers is Steve Schwarzman, one of the co-founders of Blackstone. So I think when whoever put this tweet out, whether it was the president or someone doing it for the president, he quickly got a message, Mr. President, Steve Schwarzman's holding on line one.
Doug Krisner 1:54
That's Meredith Whitney of Meredith Whitney Advisory. On social media, President Trump said he would expand on his housing plan at the World Economic Forum in Davos, Switzerland, later this month. Also today, the president said he will not permit defense companies to issue dividends or to buy back stock. He cited excessive pay packages for executives, as well as unsatisfactory maintenance and delivery of military equipment. Here is Palmer Luckey, founder of Anderle.
Palmer Luckey 2:24
Big picture. If these companies were doing really well and if they were living up to their end of the bargain, I don't think you would see any action from Trump or others on this. It's really a reflection of how many problems we have with our defense industrial base.
Doug Krisner 2:37
Palmer Luckey there, the founder of Andrel, speaking to Bloomberg at the CES in Las Vegas. Shares in major U.S. defense contractors fell on Trump's comments. Then, after the bell, President Trump threatened to cut ties with Raytheon. Trump said either Raytheon steps up and begins investing in more upfront investments like plants and equipment, or it will no longer be doing with the Department of Defense.

How did Homeland Security and local leaders characterize the Minneapolis incident?

Doug Krisner 3:02
Separately, President Trump said he will request an increase in the U.S. military budget of $500 million. Trump said the increase is needed in very troubled and dangerous times to build a dream military. U.S. forces seized a Russian-flagged oil tanker in the North Atlantic Islands after a weeks-long pursuit across the Atlantic Ocean, and a second vessel was apprehended near the Caribbean Sea. These moves were described as enforcement actions tied to the blockade of Venezuelan oil exports. Separately, the Trump administration said the U.S. will seek to control Venezuelan oil sales indefinitely. Energy Secretary Chris Wright told a Goldman Sachs conference sales would initially come from crude held in storage and later from fresh oil production.
Chris Wright 3:52
We're going to let the market, let the oil flow, sell that market to United States refineries and to around the world to bring better oil supplies, but have those sales done by the U.S. government and deposited into accounts controlled by the U.S. government.
Doug Krisner 4:09
That is Energy Secretary Chris Wright speaking at a Goldman Sachs Energy Conference in Miami.

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