Chapter 1: What is the main topic discussed in this episode?
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Find us on Apple, Spotify, or anywhere you listen. News when you want it with Bloomberg News Now. I'm Nathan Hager. It's a strategy shift in Minnesota after two American shooting deaths during immigration enforcement this month in Minneapolis. President Trump is sending Border Czar Tom Holman to the city.
Greg Bovino, the Border Patrol commander who'd become the face of the immigration enforcement surge, is expected to leave as soon as today. Bloomberg Government's Jonathan Tamari reports President Trump may be acknowledging political reality...
having these two shootings in such close proximity, and in this second instance, having members of his administration make some claims and statements that were just blatantly false about it, I think has turned a lot of public opinion against the president.
Bloomberg Government's John Tamari reports more Senate Republicans are calling for independent investigations into the deaths of Alex Preddy and Renee Good. The Washington Post reports House Democrats plan to open an investigation into Homeland Security Secretary Kristi Noem as soon as next week.
The New York Times reports OpenAI CEO Sam Altman told his employees in an internal Slack chat, quote, what's happening with ICE is going too far. Sam Altman's grown close to President Trump and his push for AI-friendly policy in Washington. And Senate Democrats are threatening a government shutdown unless DHS implements reforms. Bloomberg's Tyler Kendall is following that.
They want to see some real curbs tacked onto ICE that is in legislation, not just executive action. They are looking for things such as warrant requirements, also mandatory body cameras that could be included in actual written legislation. And at the moment, it's not clear if that's really going to happen.
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Chapter 2: What recent events prompted a shift in Trump's strategy in Minnesota?
And you can see the really cold stuff from the Dakotas into the northeast. We're generally looking at temperatures today that are going to be running anywhere from 10 to as much as 25 degrees below normal.
Bloomberg meteorologist Rob Carroll and those sub-freezing temperatures have the country's biggest grid operator declaring an emergency for 67 million Americans with winter demand at an all-time high. FlightAware says close to 2,000 flights are canceled today, with another arctic blast in the forecast this week.
Turning to the markets now, we got a surprise drop in consumer confidence from the conference board. Bloomberg's Michael McKee has that.
because we saw a rise in the Michigan numbers, but the conference board numbers go down 84.5 from 89.1. The present situation seen at 113.7 compared to 116.8. And the expectations number is at 65.1 from 70.7.
Bloomberg's Mike McKee reports it's the biggest drop in consumer confidence since May of 2012. Stocks as a whole are holding up despite it. The S&P 500 is higher by three-tenths of a percent right now. The tech-heavy NASDAQ composite is up eight-tenths of one percent. But the Dow Jones Industrial Average is down one percent. Amazon is shifting its grocery strategy.
The e-commerce giant is closing its Amazon Go and Fresh stores and opening more than 100 new Whole Foods locations in the next few years. Bloomberg Tech co-anchor Ed Ludlow has more.
The commitment from Amazon is very much to grocery in the context of sub-same-day, right? They've been focused very much on the online offering and doing those hourly deliveries and slots, but foot traffic's been falling away on these early locations.
That's Bloomberg's Ed Ludlow, and the news is moving Amazon's grocery competitors. Kroger shares are down 4%, so is Albertson's. Walmart is down more than 1.5%. UPS is planning to cut up to 30,000 jobs this year to save money and boost profits. CEO Brian Dykes made that announcement after the package delivery giant reported an earnings beat in its latest quarter.
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Chapter 3: How is President Trump responding to immigration enforcement controversies?
UPS shares are up more than 2%. And Fanatics is getting ready to air its first Super Bowl ad. The sports apparel companies tapped Kendall Jenner to star in the halftime commercial, promoting its sports betting business. Adweek says 30 seconds of commercial airtime during the big game this year cost $8 million. That's news when you want it with Bloomberg News Now. I'm Nathan Hager.
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Chapter 4: What are Senate Republicans calling for in response to recent shootings?
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