Chapter 1: What is the main topic discussed in this episode?
Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients.
We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income. So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio.
All investing is subject to risk. Vanguard Marketing Corporation Distributor. News When You Want It with Bloomberg News Now. I'm Denise Pellegrini. More U.S. military action against ISIS. The U.S. launching missiles in Syria. The latest attack on the Islamic State militants following the December deaths of two U.S. soldiers, according to U.S. Central Command.
And the attack comes after President Trump vowed to do big damage to the militants behind the deadly attack of the two U.S. Army soldiers and a U.S. interpreter December 13 during counterterrorism operations.
In Minnesota, thousands marching to the site where a federal agent shot and killed Renee Nicole Good, heightening political tensions around the Trump administration's immigration crackdown and Minneapolis Mayor Jacob Frey urging demonstrators to remain peaceful. I have seen
Community members sort of step into the breach, recognizing that there are others out there, agitators that are trying to rile up large crowds. And not only have they not taken the bait, they have pushed others back from the brink to say, hey, you know what? This is what Donald Trump wants. He wants us to take the bait.
The shooting has sparked a sharp national debate over whether the officer was justified in using deadly force, with critics pointing to video footage and witness accounts that did not show an imminent threat, according to many, and Portland, Oregon also seeing protesters after shootings there. New developments in Venezuela.
President Trump taking another step toward controlling future sales of Venezuelan oil and its proceeds by declaring a national emergency and issuing a directive meant to block claims on the revenue. The president met on Friday with oil executives telling them they'd have safety and security to revitalize Venezuela's oil infrastructure and says they will be dealing directly with the U.S.,
Although not all the oil companies are on board. And Ellen Wald, president of Transversal Consulting and a senior fellow at the Atlantic Council, says it's just not that easy to get at that oil. We're talking about very sludgy tar sand like oil that requires, you know, billions of dollars in upgraders just to transport it, to get it to the ships, to get it out of Venezuela.
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Chapter 2: What recent military actions has the U.S. taken against ISIS in Syria?
That's a broadly defined offense punishable by death under Islamic law in the country. In the U.S., investors looking ahead to a report this coming week on consumer inflation. That CPI report comes on Tuesday. And investors also looking ahead to President Trump speaking Tuesday from the Economic Club of Detroit. That'll be at 2 p.m. Eastern.
We'll be tracking those developments on Bloomberg Radio, Bloomberg Television, Bloomberg News Now, and, of course, on our YouTube channel. President Trump taking up a bunch of economic initiatives lately that are rubbing some in the business community the wrong way, including... Some consumers like the president is calling for a one-year cap on credit card interest rates.
Bloomberg's Ed Kalecki has details on that. President Trump is calling for a one-year cap on credit card interest rates at 10 percent effective January 20th. He wrote on social media, please be informed that
But we will no longer let the American public be ripped off by credit card companies that are charging interest rates of 20 to 30 percent and even more, which festered unimpeded during the sleepy Joe Biden administration. He then finished with the word affordability in all caps.
It's not clear whether credit card companies will respond to his call or what actions he might take to force any change. Ed Kalecki, Bloomberg Radio. The president also has been focusing on real estate as he looks at ways to address Americans' cost of living concerns. And he's getting his cabinet involved in that now as we hear from Bloomberg's Nathan Hager in Washington.
Bloomberg News has learned Commerce Secretary Howard Ludnick met with home building executives in recent weeks, sounding them out on how to make homes more affordable, including the kinds of incentives they'd want to build more homes.
This week, President Trump moved to ban institutional investors from buying single-family homes, and he directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. The White House says it's part of an overall housing plan the president will announce at Davos later this month. In Washington, I'm Nathan Hager, Bloomberg Radio.
In corporate news, Saks executive chairman Richard Baker is set to leave the company, according to Women's Wear Daily. That's as sources tell Bloomberg that the parent of Saks and Neiman Marcus is working on a Chapter 11 bankruptcy filing involving the participation of some of its debtors.
And in sports, free agent outfielder Max Kepler suspended for 80 games following a positive test for a banned performance-enhancing substance in violation of Major League Baseball's drug program. He accepted the suspension without contesting the discipline and a grievance.
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Chapter 3: How are anti-ICE protests impacting political tensions in the U.S.?
That means Kepler is ineligible for the 2026 postseason due to the suspension. He can serve his penalty even if he doesn't have a contract by opening day in March. And that's news when you want it with Bloomberg News Now. I'm Denise Pellegrini. This is Bloomberg. Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute.
Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients. We're talking top-grade products across the board of over 80 bond funds.
actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income. So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor.
Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.
Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
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