Trump Threatens Insurrection Act, NCAA Game Fixing Probe, 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. President Trump is threatening to invoke the Insurrection Act and send the military to Minnesota. The president posted the warning on Truth Social this morning after a federal officer in Minneapolis shot a Venezuelan migrant in the leg last night.
What threats did President Trump make regarding the Insurrection Act?
DHS says the agent was ambushed by two people with a snow shovel and a broom handle as he was chasing that migrant. We get more from Bloomberg's David Goura.
After that happened, we heard from the mayor of Minneapolis, who has been very vocal about the fact that he doesn't want this federal presence in Minneapolis. He said, let's put the city in an impossible situation. He said it's not sustainable.
What were the circumstances surrounding the shooting incident in Minneapolis?
And we had comments from the governor of Minnesota as well, not tied to this particular incident. But we had Tim Waltz saying the state is dealing with, quote, a campaign of organized brutality. So Once again, sort of escalating the circumstances we've seen play out in Minnesota over the last few weeks.
Bloomberg's David Gurr reporting the last time the Insurrection Act was invoked was in 1992 after the Rodney King riots. We're watching a developing story in sports. Federal prosecutors have charged 20 people, including 15 former college basketball players, in what they call a betting scheme to rig NCAA and Chinese pro basketball games. Authorities say the players received bribes of $10,000 to $30,000 per game from five other dependents described as fixers. This follows a series of NC2A investigations that led to lifetime bans for at least 10 players. The U.S. is imposing new sanctions on the head of Iran's Security Council and 18 other individuals and companies involved in a shadow banking network.
The move from the Treasury Department comes after nearly three weeks of deadly demonstrations across Iran, as we hear from Bloomberg's Tyler Kendall in Washington.
According to statistics cited by Bloomberg News from the Iran's human rights group, the death toll has now surpassed 3,400 people in what is considered to be the deadliest crackdown in the country in decades.
Bloomberg's Tyler Kendall reports President Trump is backing off threats of a military response. He says he's gotten assurances that the killings will stop. That sparked a move in the oil market. Right now, West Texas Intermediate and Brent Cruder both down more than 4%. The blockade on sanctioned Venezuelan oil hasn't stopped. U.S. Southern Command says it seized a sixth tanker overnight, accused of evading sanctions. Veteran wildcatter Harold Hamm says Venezuela has gotten safer since Nicolás Maduro's ouster, but he says oil companies still need assurances.
There's a lot of geopolitical risk in Venezuela. Certainly we've seen... Companies, Darren Woods said Exxon had been there twice and been nationalized. You don't want to go there and spend a lot of money and see your assets go away when nationalization occurs.
Continental Resources founder Harold Hamm was a guest on Bloomberg Surveillance. President Trump is set to meet today with Venezuelan opposition leader Maria Karina Machado. A meeting between Danish and U.S. diplomats failed to defuse threats over Greenland's future, so now much of Europe is beefing up its presence on the Arctic island. More on this from Bloomberg's Oliver Crook in Brussels.
We have the Germans leading it. It was 13 soldiers that arrived today, I should say. Yesterday, Sweden sent a few officers, the U.K., Norway. We also have the French. They're opening a consulate, actually, in Greenland starting in February. They say that that is going to be a diplomatic and political message, a signal that they would like to send. Bloomberg's Oliver Crook in Brussels.
Germany's defense minister says they're sending a message to Russia and China that NATO will defend the Arctic. Back in Washington, President Trump is now calling on Congress to enact his health care plan. The White House has just issued a fact sheet saying the president's proposal would end kickbacks from pharmacy benefit managers to middlemen and would seal deals to lower drug costs.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–0:17
2
What threats did President Trump make regarding the Insurrection Act?
0:17–0:37
3
What were the circumstances surrounding the shooting incident in Minneapolis?
0:37–4:35
4
How are federal prosecutors involved in the NCAA game-fixing probe?
4:35–5:16
Speakers
6 identifiedMore from Bloomberg News Now
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