No Supreme Court Tariff Ruling, Trump Posts Job Data Early, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager. We'll begin with the news Wall Street was waiting for from the Supreme Court. It's no news.
What was the Supreme Court's decision on Trump's emergency tariffs?
The justices did not issue a decision on the legality of President Trump's emergency tariffs. We get more from Bloomberg's Anne-Marie Hordern.
We have, though, heard from the administration within even just the past few weeks talking about the fact that they are hoping the Supreme Court upholds AIPA. When you hear the president talk about AIPA, he says there's a flexibility to it. It's a tool that's swift and powerful. There are other routes they can go with, but it wouldn't give the executive as much power when it comes to enacting tariffs.
Bloomberg's Anne-Marie Horton reports the high court's next decision day, its next chance to rule on the president's tariffs, is this Tuesday. Meantime, we've gotten word that President Trump posted a chart on social media last night that included figures in the December jobs report that came out this morning. The chart showed that the private sector added 654,000 jobs since January, matching figures that were not publicly published until 8.30 this morning, Wall Street time. That December jobs data showed just 50,000 non-farm payrolls were added last month, while the unemployment rate ticked down to 4.4%. But overall, 2025 was one of the weakest years for hiring since 2009. Deputy Labor Secretary Keith Sonderling says, though, that jobs are being added in the right places.
654,000 jobs. in the private sector, negative job growth in the government sector, which is what exactly what President Trump promised to right-size the federal government to get jobs back in the private sector. And that's what we're seeing. And especially with unemployment rates coming down and wages going up, that's the metrics we're looking at. And that's what we're excited to see from this report.
Deputy Labor Secretary Keith Sonderland was a guest on Bloomberg surveillance. U.S. Central Command says the Coast Guard boarded and seized a fifth tanker overnight suspected of trying to evade the blockade on sanctioned Venezuelan oil. Homeland Security Secretary Kristi Noem posted on X that the Olena was intercepted in the eastern Caribbean. The ship is accused of being part of Russia's shadow fleet. This comes after President Trump said he has canceled a planned second wave of attacks. on Venezuela. He made that announcement in an overnight Truth Social post. More on that from Bloomberg government's Maeve Sheehy in Washington.
He said that those plans to attack Venezuela a second time are canceled. He said there's been improved cooperation from the country and that Venezuela is working well with the U.S. on rebuilding its oil and gas infrastructure. The thing to watch here is that Trump also said that there would be Possibly land strikes against drug cartels.
Government's Maeve Sheehy reports the president made those remarks in a Fox News interview last night. All this comes ahead of a White House meeting this afternoon with more than a dozen oil and gas executives. Interior Secretary Doug Burgum says he'll be there.
Lots of interest in coming to the meeting today. There are not enough seats in the room in terms of executives that wanted to join in the meeting today with President Trump.
Interior Secretary Doug Burgum says those oil companies cannot expect to get financial support from the federal government to go into Venezuela. Doug Burgum spoke on Bloomberg Surveillance. In Oregon... Tensions and protests are building after a federal agent shot two people a day after an immigration and customs enforcement officer killed a woman in Minneapolis. Oregon State Senator Casey Jamma's message to ICE? We do not need you. You're not welcome, and you need to get the hell out of our community.
What job data did Trump post on social media and why is it significant?
Homeland Security says a Border Patrol agent fired a defensive shot at the vehicle after the driver, quote, weaponized it and drove off. The department says both the victims were undocumented Venezuelan migrants. Police say they don't know who the men are.
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