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Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over 10 trillion pounds in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Monica Ricks. You may want to give yourself some extra time to get through airport security if you're flying this morning. Homeland Security just temporarily shut down TSA pre-check and global entry due to the partial government shutdown. More than 40 million people combined are enrolled in these programs.
But Secretary Kristi Noem says they're prioritizing the general public now as staffing gets redirected at airports and ports. DHS has been shut down for a week now as Democrats in the White House butt heads over ICE reforms. Meantime, ICE plans to shrink its detention facility network, and that could mean a hit to private prison operators. Bloomberg's Nathan Hager has more from Washington.
Right now, ICE has detainees in more than 200 facilities, most of them owned by private prison giants like GeoGroup and CoreCivic. But the agency now plans to shift to a network of 34 larger sites, mostly industrial warehouses, all owned by the Department of Homeland Security. The move would be a major expansion of immigrant detention. It could also be a blow to the prison industry.
Both Geo and CoreCivic get close to half their revenue from ICE contracts. In Washington, I'm Nathan Hager, Bloomberg Radio.
Millions of Americans are bracing for blizzard conditions now with another major winter storm set to hit the northeast today. Bloomberg meteorologist Craig Allen is tracking it.
It's affecting mostly north of D.C., but potentially crippling New York City on up to Boston during tonight into Monday. Amounts around D.C. should stay under a slushy half foot, but blizzard conditions of one to two feet of snow with winds frequently over 50 miles per hour will bring New York City to Boston and all areas in between. to a crawl.
New Jersey Governor Mikey Sheryls declared a state of emergency beginning at noon. We need to be prepared. We need to be safe. Get water. Get all of your charging done with your devices. Stay off the roads. Officials in New York are also warning Monday's commute could be a mess.
China's got a boost in bargaining power now that the Supreme Court struck down President Trump's sweeping tariffs policy, which has been a key point of leverage.
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Chapter 2: What recent changes have been made to TSA security programs?
Trump's imposed a 15% global tariff, but the removal of broader threats will now make it harder to press China's President Xi Jinping for larger purchases of certain goods like soybeans. Farmers like Caleb Ragland say they're worried for their crops again.
50% of soybeans are exported. and soybeans are the largest agriculture export from the United States.
Chapter 3: How is the government shutdown affecting TSA services?
So it's very vital not only to the ag economies, but also to rural America and the economy of this country as a whole.
China is also likely to push harder for access to advanced semiconductors and other concessions, although Chinese officials have been cautious so far in their reaction. Meantime, Indian trade officials are postponing a trip to the U.S. aimed at finalizing their interim trade deal. Talks were set for this week, but will be rescheduled for a later date.
Earlier this month, Trump agreed to cut tariffs on Indian goods from 25 to 18 percent and remove an extra punitive 25 percent duty. The European Union could also freeze its trade deal with the U.S. until it gets more details. The European Parliament's trade committee is holding an emergency meeting tomorrow in response to what its trade chief calls pure chaos on the part of the U.S. government.
The committee froze the approval process once before after Trump threatened to take over Greenland. AI's potential could shake up tech stocks again this week. Here's Bloomberg's Andrew O'Day.
Stocks in cybersecurity software companies, including CrowdStrike, CloudFlare, SailPoint, and Okta, will start this week on the ropes after tumbling to finish last week. That follows the introduction of a new cybersecurity feature by AI company Anthropic. It will work inside its clawed AI model to scan code bases for security vulnerabilities and alert humans with suggested software patches.
The fear in the security industry is that Anthropic's new tool might work really well. Andrew O'Day, Bloomberg Radio.
We should also get several readings tracking U.S. manufacturing activity tomorrow, including December readings of factory and durable goods orders. Construction spending data is out on Friday. More than 4,000 nurses in New York have ended a months-long strike, agreeing to a new contract that includes pay raises, staffing improvements, and limits on how hospitals can use artificial intelligence.
This was one of the largest labor fights the city's ever seen, at one point seeing about 15,000 nurses walk off the job. Several hospitals had to bring in temporary nurses and postpone many procedures to fill the gaps. And Team USA has one more shot to medal before the Winter Olympics wrap up in Italy. The U.S. men's hockey team just started its gold medal matchup against Canada.
It's a rematch of its 2002 and 2010 games. Canada won both times. And that's news when you want it with Bloomberg News Now. I'm Monica Ricks and this is Bloomberg.
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