Chapter 1: What is the main topic discussed in this episode?
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.
News when you want it with Bloomberg News Now. I'm Stephen Carroll.
And I'm Caroline Hepker.
Congressional Democrats are threatening a US government shutdown after federal immigration agents shot dead a second American citizen. On Saturday in Minnesota, ICE officers killed intensive care nurse Alex Pretti as they subdued him. Widely circulated videos showing the incident from multiple angles suggest that a handgun, which Pretti had a permit to carry...
may have been removed from him by an agent before other officers opened fire. Democratic Senator Amy Klobuchar of Minnesota spoke to ABC's This Week programme.
Somehow 50,000 peaceful protesters in 10 below weather, I was there with them marching, when they were able to march without any problems. And then the next day, a half a dozen ICE and border control agents couldn't handle a guy with a cell phone taking video of them and shot him. So I think it's pretty obvious what's going on here. And what needs to happen is they need to leave.
Senator Amy Klobuchar was speaking to ABC after Border Patrol Commander-at-Large Gregory Bovino said Alex Preti approached officers with a handgun and violently resisted attempts to disarm him. However, neither he nor other federal officials said he had brandished the weapon.
Growing anger over the Trump administration now threatens to trigger a partial government shutdown this week. Senate Democratic leader Chuck Schumer says his party will vote against a sweeping funding package needed to keep the U.S. government running unless Republicans strip out funding for the Department of Homeland Security, which oversees ICE.
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Chapter 2: What recent events have sparked a backlash in US immigration policy?
Traders reported on Friday that the Federal Reserve Bank of New York had contacted financial institutions today to check on the yen's exchange rate, something that is seen as a precursor to intervention.
In the UK, allies of the Prime Minister have blocked Greater Manchester Mayor Andy Burnham from standing to become a Member of Parliament in an upcoming by-election. The decision leaves Burnham a key rival of Keir Starmer with no clear route to Parliament. Steve Reid, the government's Housing Secretary, says it's the wrong time for him to return to Westminster.
Well, I look forward to seeing Andy Burnham back in Parliament in due course. But right now, he's only halfway through a four-year term as mayor. Two million people have the right to vote in that area.
Chapter 3: How did the shooting of Alex Pretti by ICE officers unfold?
They're not expecting a by-election for their mayor halfway through the term of the current mayor.
Housing Secretary Steve Reid speaking there following the 8-1 vote by Labour's National Executive Committee against the attempt in Gorton and Denton. Bloomberg understands that Keir Starmer told the panel that Burnham's standing would trigger months of psychodrama and badly damaged Labour ahead of May's local elections.
Posting on social media on Sunday, Andy Burnham said he was disappointed by the decision and concerned about its potential impact.
New research by Morgan Stanley says that the UK is losing more jobs than it's creating because of artificial intelligence. Bloomberg's Ewan Potts has more.
Morgan Stanley's study found AI innovations are coming at a particularly heavy cost to workers in Britain. The report surveyed firms in five industries that have been using AI for at least a year. It found that for many companies, tech investments are already paying off with an average 11.5% increase in productivity.
But when it comes to employment, UK companies reported the highest level of net job losses of any of the countries in the survey. In London, I'm Ewan Potts, Bloomberg Radio.
That's news when you want it with Bloomberg News Now. I'm Stephen Carroll.
I'm Caroline Hepka and this is Bloomberg.
Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moscow.
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