Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now, I'm Amy Morris. Minneapolis remains on edge after a fatal shooting of a woman by an ICE officer taking part in the Trump administration's latest immigration crackdown.
ICE! ICE!
Chapter 2: What triggered the Minneapolis protests against ICE?
The Minneapolis public school system has canceled classes for the rest of this week. State and local officials are demanding ICE leave Minnesota entirely. Homeland Security Secretary Kristi Noem says ICE will not be leaving. We've got thousands of officers there, and I'm not opposed to sending more if necessary to keep people safe.
And the head of Minnesota's State Investigations Agency says the U.S. Attorney's Office has prevented it from taking part in that shooting death investigation. Governor Tim Walz demanded the state be allowed to participate.
not going to win this through violence. We're going to win it through justice. We're going to win it through compassion. We're going to win it through Minnesota nice. And we're going to win it by holding every one of these people accountable as they should for what we've seen on the streets of Minneapolis.
Noam claims the state has no jurisdiction in the case. President Trump says he's made up his mind on his Fed chair pick. The New York Times reports the president stopped short of disclosing his choice.
Chapter 3: What demands are being made by Minnesota officials regarding ICE?
The president has said before that whomever he chooses must support lower Fed rates. The House of Representatives is voting on a three-year extension of Obamacare tax credits thanks to a handful of Republicans who supported taking it up. Ways and Means Committee Chair Jason Smith opposes the extension.
Unfortunately, what is on the floor today only addresses 7% of the population. That 7% is part of the Obamacare exchanges that is just littered with so much waste, fraud, and abuse. And just extending current status quo is unacceptable to the taxpayers.
Republican Congressman Jason Smith on Bloomberg's balance of power. The Senate has advanced a resolution limiting President Trump's ability to conduct further attacks against Venezuela. This morning's vote was a disapproval of the president's expanding ambitions, but it has virtually no chance of becoming law because even if it does pass the House, President Trump would have to sign it.
More than a dozen oil executives are slated to meet with the president and top officials at the White House to discuss potentially reviving Venezuela's oil production. The meeting will include representatives from Chevron and ExxonMobil and will focus on what's needed for oil companies to comfortably step back into Venezuela.
The executives have emphasized the need for security and financial guarantees, as well as more political stability to operate there. Venezuela, meanwhile, will release a significant number of Venezuelan and foreigners imprisoned in that country.
The head of the National Assembly, Jorge Rodriguez, brother of acting President Delcy Rodriguez, did not specify who they would be releasing or how many people would be released. Big tech stocks stumbled as traders locked in profits from the AI trade. We do check markets for you all day long here at Bloomberg. S&P 500, little changed on the downside. NASDAQ down 0.6%. The Dow up 0.6%.
The 10-year Treasury yield at 4.17%. The 2-year yield at 3.49%. Markets are pricing in about two rate cuts from the Fed this year, but Fed Governor Stephen Myron says he's penciling in at least six cuts.
Because we've kept policy tighter than I think it ought to be, that makes me mark down our growth forecast for the future relative to where it should be.
Fed Governor Stephen Myron tells Bloomberg surveillance he sees underlying inflation running at 2.3 percent and the economy could add about a million jobs without adding to any price pressures. You can catch that full conversation with Fed Governor Stephen Myron on the Bloomberg podcast's page on YouTube. A federal judge has disqualified President Trump's acting U.S.
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