Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager. With a backlash building over two deadly shootings involving federal agents this month, President Trump says he's now sending his border czar, Tom Holman, to oversee ICE operations in Minneapolis. Bloomberg's Anne-Marie Hordern has more.
Chapter 2: Why is Trump sending Tom Homan to oversee ICE operations in Minneapolis?
This is a shift. I also think the president, in his latest truth, is trying to at least Say to the American people, I am taking charge of this now. I'm sending Tom Homan there, who's the borders are, and I'm going to be the one that he then debriefs after this.
Bloomberg's Anne-Marie Horton reports Tom Homan is seen as a rival to Homeland Security Secretary Kristi Noem, who had been overseeing the effort. After the killing this weekend of ICU nurse Alex Preddy in Minneapolis, President Trump is facing bipartisan blowback. Bloomberg's Laura Davison has that.
We've heard Republicans, really more so than they have at any point, come out and question and express uncomfortability, as well as calling for investigations into ISIS involvement, into some of these ICE-involved shooting, including Renee Good and Alex Preti. And for Democrats, the piece of leverage they have, being in the minority, is government funding. And we are just several days away.
The end of the month is the deadline to fund the government. And part of that is Department of Homeland Security, including ICE and Customs and Border Patrol funding. Bloomberg's Laura Davison reports Senate Republicans are dismissing that threat, but it does raise the risk of a partial government shutdown by the end of the week. Corporate leaders are appealing for calm.
The incoming CEO of Target, Michael Fidelke, released a video to employees today acknowledging the, quote, incredibly painful violence in their home city of Minneapolis. More than 60 Minnesota-based CEOs released a statement over the weekend calling for an immediate de-escalation of tensions between local and federal authorities.
The major winter storm may be over, but we could be feeling its after effects for quite a while. Bloomberg meteorologist Rob Carolin has more on the cold this week. From the Dakotas all the way to Texas and then to the Gulf Coast into the southeastern United States. Numerous states now under either cold weather advisories or extreme cold weather warnings.
That's going to be the big story this week as the storm has, for the most part, ceased to produce any very heavy heavy precipitation. Bloomberg meteorologist Rob Carolin reports that frigid weather will make it a challenge to the power grid for the roughly two-thirds of the country affected by the storm.
New York Central Park alone recorded nearly a foot of snow, while parts of the South got more than an inch of ice. Travel chaos is likely to continue throughout today. Nearly 3,900 flights are canceled across the country, on top of the roughly 11,600 yesterday. That was the most for one day since the pandemic.
Transportation Secretary Sean Duffy told CNBC the FAA hopes to be back on schedule by Wednesday. In the Middle East, Israel may be ready to move on to the second phase of its Gaza ceasefire. The Israeli military says it recovered the remains of Ron Gavili, the last of the roughly 250 people held hostage by Hamas after the October 7th attack.
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Chapter 3: What bipartisan backlash is Trump facing after recent shootings?
Mandeep Singh of Bloomberg Intelligence. Right now, Corweave shares are soaring. They're up nearly 13 percent. We're also watching some potential new stock listings. Bob's Discount Furniture is seeking to raise up to $370 million in an initial public offering. The home furnishings retailer backed by Bain Capital has filed for a listing under the ticker BOBS.
Once upon a farm, the Organic Kids snack maker co-founded by actress Jennifer Garner has also filed for an IPO. That company is looking to raise up to $209 million. Super Bowl 60 will be a battle of the long shots. The New England Patriots will face the Seattle Seahawks February 6th after winning their conference championships last night.
Before the season began, the Wall Street Journal reports the Pats had 80-1 odds of making it this far. The Seahawks weren't much better at 60-1. Right now, stocks are moving higher. The S&P 500 is up a half percent. The Dow Jones Industrial Average is four-tenths of a percent higher. And the Nasdaq Composites with a half percent gain as well. That's news when you want it with Bloomberg News Now.
I'm Nathan Hager. This is Bloomberg.