Stocks Open Lower, Minneapolis On Edge, More

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What news updates are shaping the stock market today?

Stephen Carroll 0:00
Hi, I'm Stephen Carroll.
Caroline Hepka 0:02
And I'm Caroline Hepka, here to introduce you to a podcast that brings you the news you need to start your day in just 15 minutes.
Stephen Carroll 0:09
It's called Bloomberg Daybreak Europe Edition, covering all the top stories across Europe and around the world. Each weekday morning, we're up early to bring you the latest news by 7am.
Caroline Hepka 0:19
We've got everything you need to know from geopolitics and global events to economics and what's moving markets. I'm covering it all from London.
Stephen Carroll 0:27
And I'm in the EU's capital, Brussels. We have 3,000 journalists and analysts around the world to tell you what's happening, what it means and why it matters.
Unknown 0:35
It's more than just business headlines. From the price of your breakfast to global shifts in power, economics and money aren't just part of the story, they're often the driving force.
Stephen Carroll 0:45
So start your day with us on Bloomberg Daybreak Europe Edition for the news you need to know and the context to make sense of it.
Unknown 0:51
Find new episodes of Bloomberg Daybreak Europe Edition by 7am London time on Apple, Spotify or wherever you get your podcasts.
Nathan Hager 1:01
News when you want it with Bloomberg News Now. I'm Nathan Hager. Thursday morning trading officially underway on Wall Street. That is the sound of the opening bell from the floor of the New York Stock Exchange. Stocks are opening in the red with the S&P 500. Little change to the downside, a drop of about five points. The Dow Jones Industrial Average, though, is lower by 0.4%. That's a drop of almost 200 points. And the Nasdaq Composite opens lower as well by about a tenth of 1%, or almost 30 points. We'll get back to the market in a moment, but we continue to follow the tense situation in Minneapolis. Protesters are taking to the streets after immigration and customs enforcement shot and killed a woman during a confrontation with her car.
Nathan Hager 1:48
The city's identified that woman as 37-year-old Renee Nicole Good. Minneapolis Police Chief Brian O'Hara says this could have been prevented.
Stephen Myron 1:56
For many years, professional law enforcement training has been to try and avoid using tactics that place officers in a situation with an unarmed motorist where deadly force may be necessary.
Nathan Hager 2:08
Minneapolis Police Chief Brian O'Hara spoke on CBS Mornings. President Trump and his allies have said that ICE agents shot the woman in self-defense. Minneapolis Mayor Jacob Fry calls that a garbage narrative. President Trump says only time will tell how long the U.S. will seek control of Venezuela. The president said as much in a wide-ranging interview with The New York Times as oil traders and refiners jockey for access to Venezuela's crude. Bloomberg's Alexander Pearson has more.
Alexander Pearson 2:35
We've heard not just from Trump, but also from his energy energy secretary, that this could be a very, very long operation involving Venezuela and specifically the selling of Venezuelan oil. And that really has to do with the fact that it's going to take a long time to actually get a lot of the productive capacity in Venezuela back online. US companies, if they go in there, they're going to have to invest a lot of money. It's going to take a lot of time.
Nathan Hager 3:00
Bloomberg's Alexander Pearson reporting this morning. Energy Secretary Chris Wright told Fox Business ConocoPhillips, ExxonMobil and other US oil companies are examining what role they can play in Venezuela. President Trump plans to meet with energy executives at the White House tomorrow. Secretary of State Marco Rubio says he'll meet with Danish officials next week. That says the Trump administration doubles down on intentions to take over Greenland. Republican Senator Mark Wayne Mullen sat in on a briefing with Rubio.
Mark Wayne Mullen 3:30
We're not looking to invade Greenland. We would love to purchase Greenland from Denmark. Obviously, strategically speaking, it is a good fit for security posture.
Nathan Hager 3:40
Republican Mark Wayne Mullen sits on the Senate Armed Services Committee. Danish officials have repeatedly said Greenland is not for sale. Defense stocks are surging around the world. After President Trump posted on social media he wants to boost the military budget from $1 to $1.5 trillion.

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