Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. We begin this morning in Minneapolis where President Donald Trump may be signaling a strategy shift after the killings of two U.S. citizens in immigration raids this month. The president says he is sending his border czar Tom Holman to Minneapolis.
The man who had been overseeing ICE operations in the city, Border Patrol Commander-at-Large Greg Bovino, is expected to leave as soon as today. Holman is seen as more measured than Homeland Security Secretary Kristi Noem, but White House Press Secretary Caroline Leavitt says this is not a sign that the president has lost confidence in Noem.
Mr. Holman is doing an exceptional job, and he has been working with Secretary Noem and President Trump over the course of the last year.
Secretary Noem still has the utmost confidence and trust of the President of the United States, and she's continuing to oversee the entire Department of Homeland Security and all of the immigration enforcement that's taking place across the whole entire country.
Press Secretary Caroline Leavitt spoke at a White House news conference. The New York Times reports President Trump met with Secretary Noem for nearly two hours in the Oval Office yesterday and did not suggest her job was at risk.
President Trump says he also spoke with Minnesota Governor Tim Walz and will consider independent investigations into the shootings, as well as reducing the number of federal agents in the state.
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Chapter 2: What recent events in Minneapolis are influencing government policy?
I was in the Oval with the president today. He spoke to Prime Minister Carney, who was... very aggressively walking back some of the unfortunate remarks he made at Davos. And, Sean, I'm not sure what the prime minister was thinking.
Secretary of the Treasury Scott Besson speaking there with Fox. In Davos last week, Prime Minister Carney spoke about the need for middle powers to band together to counter aggressive coercion by the world's superpowers. Many observers saw that as being aimed at the U.S.,
Nathan, President Trump is threatening to raise tariffs on South Korean goods to 25 percent. In a social media post, the president said the country's lawmakers had not lived up to the deal they agreed to with the new rate applying to autos, lumber, pharmaceutical and other products. Bloomberg's White House correspondent Josh Wingrove reports.
He's essentially ripping up, or at least for now, the deal and saying that's because the Koreans are slow walking it. I should note that there were a lot of question marks, including from what the American position was about this deal.
And so this is another case for countries that are looking at this, including the EU and the UK that had their deals and then saw the Greenland tariff threat come in. The Trump's deals aren't necessarily locked in.
If implemented, Bloomberg's Josh Wingrove says the move could have wide-ranging effects on major South Korean companies that export to the U.S., such as Hyundai Motor.
Turning to markets now, Karen. Shares of major health insurers are tumbling in early trading. That's after the U.S. proposed plans to keep Medicare payment rates flat next year. Analysts had expected an increase as high as 6%. President Trump has faced criticism for Americans' affordability challenges.
He has started targeting insurers, blaming them for rising premiums and private Affordable Care Act plans. In early trading this morning, Humana shares are down more than 15%. UnitedHealth is lower by almost 12%. Speaking of UnitedHealth, that company just released earnings forecasting a decline in 2026 revenue, its first annual contraction in more than three decades. CVS Health is down 11%.
Time now for the Bloomberg Sports Update, and we bring in John Staschauer. John.
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