Bloomberg News Now
Trump Defends ICE in Fatal Minneapolis Shooting, Targets Institutional Purchases of Homes, More
07 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Amy Morris. President Trump is defending the ICE officer who shot and killed a woman in Minneapolis. Homeland Security officials say that officer was acting in self-defense. DHS Secretary Kristi Noem.
ICE officers were out in an enforcement action. They got stuck in the snow because of the adverse weather that is in Minneapolis. They were attempting to push out their vehicle and a woman attacked them. An officer of ours acted quickly. and defensively shot to protect himself and the people around him.
Minneapolis Mayor Jacob Fry rejects that self-defense claim and is calling for ICE agents to leave the city immediately. People are being hurt.
Families are being ripped apart. Long-term Minneapolis residents that have contributed so greatly to our city, to our culture, to our economy are being terrorized, and now somebody is dead.
The incident has sparked anger over the presence of ICE agents in Minneapolis.
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Chapter 2: What happened in the Minneapolis shooting involving ICE officers?
Minnesota Governor Tim Walz called on residents to remain calm. President Trump says he'll move to ban institutional investors from buying single-family homes, part of a push to address housing affordability. Trump made the announcement on social media. He did not immediately provide details on what his efforts will entail, but he said he would ask Congress to codify the action.
Wisconsin Republican Congressman Brian Stile, a member of the House Financial Services Committee, says he looks forward to seeing more details.
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.
Hear more from Brian Stile on the Bloomberg Balance of Power podcast. And chairs of major defense contractors fell after Trump posted on social media that he would not allow defense companies to issue dividends or buy back their own stock until they invest more in production and research. And drill founder Palmer Luckey is broadly aligned with the president on this.
President Trump is saying that he wants to see defense companies building new plants, building new factories, delivering on time, and then maintaining systems cost-effectively. And that's, I mean, trying to do more. That is why I started Anderleet years ago.
Palmer Luckey speaking with Bloomberg's Caroline Hyde and Ed Ludlow at the CES. The United States says it sees two sanctioned oil tankers linked to Venezuela in back-to-back actions in the North Atlantic and the Caribbean. Bloomberg's Mike Shepard says the U.S. wants to exert maximum control over the flow of oil in and out of Venezuela.
They want to be sure that the revenue that comes from the country eventually goes back into Venezuela but also goes to support whatever costs the U.S. may have incurred.
After briefing Senate lawmakers about the operation in Venezuela, Secretary of State Marco Rubio and Defense Secretary Pete Hegseth told reporters on Capitol Hill about the plan.
The oil arrangement that we've made with PDVSA on their sanctioned oil, they can't move. Understand, they are not generating any revenue from their oil right now. They can't move it unless we allow it to move. because we have sanctions, because we're enforcing those sanctions. This is tremendous leverage. We are exercising it in a positive way.
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Chapter 3: What is President Trump's stance on the ICE officer's actions?
And White House Press Secretary Caroline Lovett says President Trump will be meeting with those oil executives on Friday.
Well, the meeting is on Friday, and it's just a meeting to discuss, obviously, the immense opportunity that is before these oil companies right now.
The Trump administration plans to control future sales of oil from Venezuela and use those proceeds to rebuild Venezuela's economy. Energy Secretary Chris Wright says the upside for Venezuela oil output is huge. 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. Energy Secretary Chris Wright was speaking at the Goldman Sachs Energy Clean Tech and Utilities Conference in Miami. We bring you the closing numbers each day here at Bloomberg. The S&P lost 24 points. NASDAQ gained 37 and the Dow is down 466 points. The 10-year Treasury yield at 4.14 percent. The two-year yield at 3.47 percent.
The Trump administration released updated nutrition guidelines that bring back a revamped version of the food pyramid while urging people to eat less sugar and more protein. Health Secretary Robert F. Kennedy Jr. My message is clear. Eat real food.
Nothing matters more for health care outcomes, economic productivity, military readiness, and fiscal stability.
The changes will impact what food is eligible for federal dollars under food stamp and school lunch programs. Companies added 41,000 jobs last month. That's according to private payroll provider ADP.
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Chapter 4: How is the Minneapolis Mayor responding to the ICE incident?
Less than economists expected, but Bloomberg's Michael McKee reports it follows a decline of 29,000 the month before.
We did get a bounce, and we are expecting a bounce in non-farm payroll. So in the sense of direction, yes, they may be offering some prediction, but in terms of numbers, it never works out that way.
Bloomberg's Michael McKee reports the numbers could be less important on Friday when the Labor Department reports non-farm payrolls for December. Job openings have dropped to their lowest level in more than a year, and hiring slowed. indicating most employers are reluctant to make any big changes to headcount. New Jolt's data show the number of layoffs in November dropped to a six-month low.
Nick Reiner's high-profile attorney has been removed from his case, but he says Reiner is not guilty of murder under California law.
Chapter 5: What measures is Trump proposing to address housing affordability?
in the killing of his parents, Rob Reiner and Michelle Singer Reiner. Attorney Alan Jackson did not explain why he left the case. A public defender has been appointed to replace him. Reiner's plea hearing has been postponed until February 23rd. That's news when you want it with Bloomberg News Now. I'm Amy Morris. This is Bloomberg.
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Chapter 6: What are the implications of Trump's plan for institutional home purchases?
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