Trump Threatens Insurrection Act, NCAA Point-Shaving Scandal, More
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News when you want it with Bloomberg News Now, I'm Amy Morris. President Trump has threatened to invoke the Insurrection Act and deploy troops to quell persistent protests against ICE officers in Minneapolis. Homeland Security Secretary Kristi Noem.
We did discuss the Insurrection Act. He certainly has. the constitutional authority to utilize that. My hope is that this leadership team in Minnesota will start to work with us to get criminals off the street.
Dean of the UC Berkeley School of Law, Erwin Chemerinsky, says it would be an extraordinary move by the president.
This doesn't warrant the invocation of the Insurrection Act. There's no indication here that the existing federal and state local authorities can't keep the peace in Minnesota.
The Insurrection Act was last used in 1992 during the riots in Los Angeles. Federal prosecutors are charging 20 people, including 15 former college basketball players, in what they call a scheme to rig NCAA and Chinese basketball association games. Andrew Bailey is deputy director at the FBI.
This case represents a powerful example. of what coordinated law enforcement can accomplish. When individuals choose to manipulate fair competition, they do more than commit financial crimes. They erode confidence in institutions that bring Americans together.
Of the defendants named in today's indictment, 15 played basketball for Division I NCAA schools as recently as this past season. Dozens of schools were affected by the scheme, including Fordham, Georgetown, Tulane, and East Carolina. U.S. forces in the Caribbean Sea have seized another sanctioned oil tanker the Trump administration says has ties to Venezuela. DHS says the motor tanker Veronica was operating in defiance of President Trump's quarantine of sanctioned vessels in the Caribbean. This is the sixth tanker seized by U.S. forces. Iranian officials are facing new sanctions from the U.S. The Treasury Department targeting the Secretary of the Supreme Council for National Security for allegedly calling for violence against protesters.
The sanctions also affect 18 other people and companies involved in a shadow banking network linked to Iran. A federal appeals panel has reversed a lower court decision that released former Columbia University graduate student Mahmoud Khalil from an immigration jail. That brings the government a step closer to detaining and ultimately deporting the Palestinian activist. The panel ruled the federal district court in New Jersey did not have jurisdiction because immigration challenges are handled differently under the law. Ford CEO Jim Farley says there is urgent need to update the North American trade agreement critical to the region's automotive industry. Farley says the company needs to work through a long list of issues with the Trump administration.
The EPA changes are really welcome, frankly, and we're seeing that play out really in our business. Part of the reasons why our valuation is increasing is because people understand we can build more profitable vehicles now.
How did Bloomberg summarize President Trump’s threat to invoke the Insurrection Act in Minneapolis?
Board CEO Jim Farley spoke with Bloomberg TV's Matt Miller at the Detroit Central Station. Listen to the entire interview on the Bloomberg Talks podcast.
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Chapters
4 chapters
1
What did the Vanguard sponsor message say about bond funds and institutional quality?
0:00–3:41
2
How did Bloomberg summarize President Trump’s threat to invoke the Insurrection Act in Minneapolis?
3:41–4:33
3
Why do legal experts say invoking the Insurrection Act would be extraordinary?
4:33–7:03
4
What are the details of the NCAA and Chinese basketball point‑shaving indictment?
7:03–8:03
Speakers
7 identifiedMore from Bloomberg News Now
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