Chapter 1: What is the main topic discussed in this episode?
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.
Chapter 2: What happened during the ICE shooting incident in Minnesota?
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. It's very clear that this individual was harassing and impeding law enforcement operations.
Our officer followed his training, did exactly what he's been taught to do in that situation and took actions to defend himself and defend his fellow law enforcement officers. 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.
Chapter 3: How is the Department of Homeland Security responding to the ICE shooting?
This shows the president is attempting to address housing affordability ahead of this year's midterm elections. Today on social media, Trump said he would expand on his plan at the World Economic Forum in Davos, Switzerland later this month. Here is Wisconsin Republican Congressman Brian Stile. Far too many people can't afford the homes that they could have a generation ago.
As we have seen interest rates continue to stay high, mortgages are more difficult to get into. We know we have a significant supply problem. I look forward to seeing the president's speech that he's previewing in that message when he's in Davos about exactly what his plan is. You can hear more from Brian Stile on the Bloomberg Balance of Power podcast.
Also today, the president said he will not permit defense companies to issue dividends or buy back stock. Trump cited excessive pay packages for executives as well as unsatisfactory maintenance and delivery of military equipment. Here is Palmer Luckey, founder of Andral. 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. That is Palmer Luckey, founder at Adderall, speaking to Bloomberg at the CES in Las Vegas.
Incidentally, shares in the major defense contractors dropped today. 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 the company will no longer be doing business with the Department of Defense. Separately, Trump said he will request an increase in the U.S.
military budget of $500 million. Trump said the increase is necessary in very troubled and dangerous times to build a dream military. U.S. forces seized a Russian-flagged oil tanker in the North Atlantic today 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. Today, Energy Secretary Chris Wright told a Goldman Sachs conference sales would initially come from crude held in storage and later from fresh oil production. The upside there is huge.
But of course, this is development. This takes time. This takes investment. But I think we could get several hundred thousand barrels a day of additional production in a short to medium term if the conditions are there for just small capital deployments. That is Energy Secretary Chris Wright speaking at a Goldman Sachs energy conference in Miami. Now, the White House indicated the U.S.
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Chapter 4: What is Trump's new housing plan and its implications?
has already begun marketing the crude oil, and we are told Chevron is in talks with the U.S. on expanding its license in Venezuela. At the same time today, President Trump said on Truth Social that Venezuela will use the proceeds of these oil sales to purchase American agricultural products and American-made medicine.
Swing District Republicans are defying party leaders and joining Democrats in advancing legislation to revive expired subsidies under the Affordable Care Act for three years. This procedural vote sets up floor consideration of a clean subsidy extension later this week. Here is New York Republican Congresswoman Nicole Malliotakis.
Chapter 5: How does Trump's housing plan aim to address affordability issues?
I do believe that there is going to be something that has to be done. I think there is a consensus from Republicans and Democrats that we want to get something done, minus the fringes, of course, right? But look, the bottom line here is that the Affordable Care Act was never affordable. Premiums went up, profits went up, but yet the patient and the taxpayer were left holding the bag.
That is New York Republican Congresswoman Nicole Malliotakis. Now, passage in the House of Representatives appears likely, and that would increase pressure on both the White House and Senate lawmakers to reach a bipartisan deal to revive those tax credits. And that is news when you want it. With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg.