Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
Karen, President Trump is not letting up on his attacks on Federal Reserve Chairman Jerome Powell. That's despite pushback from Republicans, Democrats, business leaders and central bankers around the world. Let's get the update this morning from Bloomberg's John Tucker. John.
Chapter 2: What are Trump's criticisms of Jerome Powell and the Federal Reserve?
And Nathan, President Trump had this to say about Powell as he left the White House yesterday.
He's billions of dollars over budget, so he either is incompetent or he's crooked. I don't know what he is, but he certainly doesn't do a very good job.
And Trump doesn't seem too concerned with pushback from lawmakers like Republican Tom Tillis, who vowed to oppose any Trump nominees to the Fed after the central bank was subpoenaed.
Well, that's why Tom's not going to be a senator any longer, I guess, right? But I like Tom Tillis. He's a nice guy. But look, he's not going to be a senator any longer because of views like that.
Trump said he would announce his nomination to replace Federal Reserve Chair Powell within the next few weeks, despite all the backlash. The president also dismissed Jamie Dimon's criticism over the Justice Department probe of the Fed. He says the CEO of JPMorgan Chase is wrong to suggest he's attacking Fed independence. This all comes as the blowback gets more intense.
Three former heads of the Federal Reserve and four former Treasury secretaries in both Republican and Democratic administrations issued a statement saying this type of investigation is has no place in the United States. It was more characteristic of emerging markets with weak institutions. In New York, I'm John Tucker, Bloomberg Radio.
All right, John, thank you. Well, President Trump also has Iran on his mind. In his speech in Detroit, heard live on Bloomberg Radio, the president urged Iranians to continue protesting against Supreme Leader Ayatollah Ali Khamenei's regime.
I've canceled all meetings with the Iranian officials until the senseless killing of protesters stops. And all I say to them is help is on its way. You saw that I put tariffs on anybody doing business with Iran.
And the president says he'll act accordingly once he gets a sense of how many demonstrators have been killed. Reuters is reporting some personnel at a U.S. air base in Qatar have been told to leave by tonight. The U.S.-based human rights activist news agency reports more than 2,500 people have died, making it the deadliest protest wave in Iran in decades.
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Chapter 3: How does Trump respond to pushback regarding the Federal Reserve?
Back in Washington, Karen, the Republican-led House Oversight Committee is threatening to hold former President Bill Clinton in contempt of Congress. That's after he failed to appear before a deposition as part of the panel's probe into late convicted sex offender Jeffrey Epstein. Here's House Oversight Chair James Comer.
No one's accusing Bill Clinton of any wrongdoing. We just have questions, and that's why the Democrats voted along with Republicans to subpoena Bill Clinton.
House Oversight Chair James Comer says the committee will not attempt to compel testimony from President Trump. He says that the panel can't force a sitting president to testify. Bill and Hillary Clinton are accusing the committee of mounting a partisan campaign to hide the truth about Epstein and his powerful connections.
Well, let's stay in Washington, Nathan. About 1.4 million fewer people have signed up for Obamacare plans so far compared to last year as federal tax credits expire. Through early January, 22.8 million people have signed up for Obamacare plans, and that's down about 6% from last year's total enrollment.
Experts warn more attrition is likely in the coming months as consumers face premiums that are on average more than doubling. Consumers have until tomorrow to elect new Obamacare plans for the year.
Let's turn to the markets now, Karen. Metals are extending their dramatic start to 2026. Gold, silver, copper and tin all hit record highs this morning. Geopolitical tensions, hopes for more rate cuts and a revival in sentiment across Chinese markets are all being credited for the surge in commodities.
Time now for the Bloomberg Sports Update, and we bring in John Staschauer. John.
Thanks, Karen. A crazy NFL offseason coaching carousel with now nine teams looking for a new coach after Mike Tomlin, just 15 hours after the Steelers' season ended with that playoff loss to Houston, resigned. He was in Pittsburgh for 19 years. Nolan Arenado traded by St.
Louis to Arizona, spent five seasons with the Cardinals after nine with Colorado, an eight-time All-Star, a 10-time Gold Glove-winning third baseman. Good news from snowboarding. Chloe Klim, her shoulder injury will not prevent her from competing in the upcoming Olympics. She'll be going for a third straight gold medal. That's your Bloomberg Sports Update.
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