US Delegation Arrives in Venezuela, Oil Execs Meet Trump, More
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News when you want it with Bloomberg News Now. I'm Monica Ricks. The Venezuelan government now confirms a high-ranking delegation from the U.S. has arrived in Caracas to set up an agenda aimed at reopening its embassies. It's unclear who's part of that delegation, but they're said to be working on re-establishing diplomatic ties and addressing consequences from the kidnapping of Nicolas Maduro. More than 100 Venezuelans were killed during that mission, including civilians and military personnel. U.S. Southern Command also confirmed U.S. forces boarded another Venezuelan-linked oil tanker in the Caribbean today, the fifth tanker overall, but third just this week. It comes as executives from major oil companies are set to meet with President Trump today at the White House.
Bloomberg Government's Maeve Sheehy has more from Washington.
We've got Harold Hamm. We have a few others, oil titans of Chevron, Exxon. you know, just some major oil companies, which just goes to show how seriously the Trump administration is targeting this issue right now.
The president claims executives are prepared to spend upwards of $100 billion in Venezuela, but analysts say they might want some safety assurances first. Tensions are rising now in Minneapolis as the feds continue to shut out Minnesota state authorities in their investigation of Renee Good's death. Both Homeland Security and the Trump administration are doubling down on support for the ICE agent who shot her, saying he acted in self-defense.
We in Minneapolis want a fair investigation.
Minneapolis Mayor Jacob Fry, he says ICE had no business being in Minneapolis in the first place.
What did they say when they came in here? The reason that they've stated, driving down crime. They are clearly driving crime up. Our city is safe. Our city is welcoming. They are making it less so. Bad for business, bad for safety, bad for democracy, and bad for this republic. We want them out.
That's Minneapolis Mayor Jacob Fry. Meantime, Hennepin County Prosecutor Mary Moriarty is building a parallel case to federal investigators and calling on the public now to share any shooting evidence with her office, including videos. According to Good's wife, Renee had been stopping to support their neighbors when she was shot. The Minneapolis school system is also offering families the option of remote learning for the next month as the Trump administration ramps up its federal immigration enforcement in the city. It's said to be sending 2,000 agents to the area. December's jobs report wrapped up a dismal year for the labor market. The economy adding just 50,000 jobs last month, less than expected.
But the unemployment rate also fell more than expected to 4.4%. U.S. consumer sentiment also up slightly. The preliminary January sentiment index climbing to 54, up from 52.9 in December.
What is the significance of the US delegation arriving in Venezuela?
Joanne Su is director of surveys of consumers at the University of Michigan and says consumers are feeling better about the economy, but sentiment is still at historic lows.
Overall, they continue to be concerned about the pain of high prices. But at the same time, their inflation expectations seem to be stabilizing right now at much lower levels than we were seeing back in April and May when tariff announcements were peaking.
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