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Bloomberg News Now

Trump's Minnesota De-Escalation, Fed Decision Day, More

28 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.942 - 5.008 Nathan Hager

News when you want it with Bloomberg News Now. I'm Nathan Hager.

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5.289 - 6.791 Karen Moscow

And I'm Karen Moscow.

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7.392 - 23.937 Nathan Hager

Karen, we begin with the latest on the tensions in Minneapolis. President Trump says he's looking to de-escalate after the killings of two U.S. citizens by federal immigration enforcement agents. The president sent in his border czar, Tom Homan, to replace Greg Bovino, the Border Patrol commander who'd been the face of the crackdown.

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Chapter 2: What are the latest tensions in Minneapolis related to immigration enforcement?

24.297 - 27.422 Nathan Hager

But President Trump says he's not letting up with the enforcement.

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27.402 - 29.805 Unknown

I don't think it's a pullback. It's a little bit of a change.

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Chapter 3: How is President Trump responding to the recent killings by federal agents?

29.865 - 39.555 Unknown

Everybody in this room that has a business, you know, you make little changes. You know, Bovino is very good, but he's a pretty out there kind of a guy. And in some cases, that's good. Maybe it wasn't good here.

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39.855 - 51.908 Nathan Hager

President Trump tells Fox News he's largely satisfied with how his team's carried out the operation while acknowledging it may have inflamed tensions. He says Tom Holman's been meeting with Minnesota's governor and the mayor of Minneapolis, and he hears it's going well.

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52.208 - 77.105 Karen Moscow

But Nathan, there are more signs of tension in Minneapolis. A man attacked Minnesota Democrat Ilhan Omar during a town hall as she called for consequences over the aggressive enforcement. The man appeared to squirt some kind of liquid on the congresswoman before security and police tackled him. Omar carried on with her speech. Here is the reality that people like this ugly man don't understand.

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77.766 - 84.956 Nathan Hager

We are Minnesota strong, and we will stay resilient in the face of whatever they might throw at us.

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85.077 - 92.307 Karen Moscow

Congresswoman Ilhan Omar called for ICE to be abolished and for Homeland Security Secretary Kristi Noem to resign or be impeached.

92.287 - 98.776 Nathan Hager

And Karen, those calls are growing louder on Capitol Hill. Senate Minority Leader Chuck Schumer is adding to the pressure on Secretary Noem.

99.197 - 109.491 Chuck Schumer

Kristi Noem is a liar. She's vicious. She's also incompetent. Donald Trump must fire her at once before another American is killed under her watch.

109.571 - 124.674 Nathan Hager

Minority Leader Chuck Schumer spoke on the Senate floor. Two Republican senators, Lisa Murkowski and Tom Tillis, are also saying Noem should step down. Noem has come under criticism for saying the latest shooting victim in Minneapolis, Alex Preddy, brandished a weapon and committed an act of domestic terrorism.

125.075 - 140.08 Nathan Hager

Multiple videos show Preddy holding a cell phone before federal agents tackled and shot him. White House Deputy Chief of Staff Stephen Miller says Noem's initial statement was based on reports from Border Patrol agents on the ground. He says they may not have followed the administration's protocols in the lead up to the shooting.

Chapter 4: What incident occurred involving Congresswoman Ilhan Omar during a town hall?

238.637 - 252.336 Karen Moscow

That's Bloomberg meteorologist Craig Allen. And of course, as he said, we'll be checking back in with him later on this morning. We want to turn to the markets now, though, and President Trump weighing in on the weakness of the dollar. Bloomberg's John Tucker joins us with the very latest. John, good morning.

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252.516 - 262.009 John Tucker

And good morning, Karen. The dollar is suffering its deepest one-day drop since last year's tariff rollout after the president said he didn't think the currency had weakened excessively.

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262.49 - 266.355 Unknown

No, I think it's great. I mean, the value of the dollar, look at the business we're doing.

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266.42 - 272.532 John Tucker

We asked former Dallas Fed President Robert Kaplan about the assertion a weak dollar makes U.S. goods more attractive.

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273.274 - 289.145 Robert Kaplan

Yes, it is true a weaker dollar boosts exports. However, we have in the United States has 39 trillion of debt on its way to 40 trillion plus. And when you have that much debt, I think stability of the currency probably trumps stability. exports.

289.565 - 311.095 John Tucker

President Trump's seeming indifference to the dollar's drop is seen by some as another signal to sell the currency and accelerate the quiet quitting of assets like U.S. Treasuries. And this dollar debasement pushing gold to a record high. Gold had earlier gone through $5,300 an ounce. In New York, I'm John Tucker, Bloomberg Radio.

311.255 - 315.681 Karen Moscow

Time now for the Bloomberg Sports Update, and we bring in John Stashower. John.

315.661 - 331.505 John Stashower

Thanks, Karen. It looked like Novak Djokovic was going to be ousted in the quarterfinals of the Australian Open. Lorenzo Mussetti won the first two sets, but in the third, he injured his right thigh, had to retire. Jessica Pagula won her quarterfinal match over fellow American Amanda Anisimova.

Chapter 5: What calls are being made for changes in leadership at Homeland Security?

331.545 - 344.284 John Stashower

Nebraska in college basketball took its 20-0 record to Michigan. Two teams both ranked in the top five. The Wolverines won 75-72. UConn beat Providence. The Huskies are 20-1. That's your Bloomberg Sports Update.

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344.264 - 349.88 Karen Moscow

Thanks, John. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow.

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350.221 - 353.43 Nathan Hager

I'm Nathan Hager. And this is Bloomberg.

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