Bloomberg News Now
US Launches Missiles Against ISIS in Syria, Protests in Minneapolis, More
11 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
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All investing is subject to risk. Vanguard Marketing Corporation Distributor. News When You Want It with Bloomberg News Now. I'm Denise Pellegrini. U.S. taking military action against ISIS in Syria. The U.S. launching missiles in Syria in the latest attack on Islamic State militants. And that follows 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 two U.S. Army soldiers and a U.S. interpreter on December 13 during counterterrorism operations. in Minneapolis. Thousands marching to the site where a federal agent shot and killed Renee Nicole Good.
Heightening political divisions around the Trump administration's immigration crackdown. 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. Critics point to video footage and witness accounts that they feel did not show an imminent threat. In Iran...
Dozens fear dead after the largest anti-government demonstrations to rock that country in recent years intensified heading into the weekend. Authorities battled to suppress the protests. Social media footage, though, shows hundreds of thousands marching and chanting anti-regime slogans across the country. Graphic scenes of bodies lying in blood.
Iran's prosecutor general warning all detainees would be charged as enemies of God. That's a broadly defined offense punishable by death there. 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 Friday with oil execs trying to drum up support for them getting more involved in the oil industry there. Meantime, the Trump administration is looking at lifting some sanctions on Venezuela as U.S. companies get more involved in the country.
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Chapter 2: What military actions did the U.S. take against ISIS in Syria?
I mean, we're talking about very sludgy tar sand-like oil that requires billions of dollars in upgraders just to transport it, to get it to the ships, to get it out of Venezuela. So this is a big investment. It's not like a shale oil well out in the Permian. And Walt, a guest on the Bloomberg Businessweek daily podcast, which you can download wherever you get your podcasts.
The U.S., meantime, has issued a security advisory warning Americans in Venezuela about reports of armed militia groups setting up roadblocks and searching vehicles for evidence of U.S. citizenship or support for the United States. Investors this coming week also looking ahead to a report on consumer inflation. That comes on Tuesday in the form of the CPI report.
President will be 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, meantime, taking up a bunch of economic initiatives that may be rubbing some in the business community the wrong way, including one consumers like. The president is now calling for a one year cap on credit card interest rates. Bloomberg's Ed Kalecki has more on that. President Trump is calling for a one-year cap on credit card interest rates at 10%, effective January 20th.
He wrote on social media, please be informed that we will no longer let the American public be ripped off by credit card companies that are charging interest rates of 20 to 30%, 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. And the president has also 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 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.
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Chapter 3: What sparked the protests in Minneapolis?
That's according to Women's Wear Daily. That says sources tell Bloomberg that the owner of Saks and Neiman Marcus is working on a Chapter 11 bankruptcy filing involving the participation and agreement of some of its debtors. And... Bob Weir, guitarist, singer, founding member of the Grateful Dead, has died at the age of 78. He beat cancer, but then Weir succumbed to underlying lung issues.
He died peacefully surrounded by family, according to a post on Insta. 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.
Chapter 4: How are community leaders responding to the protests in Minneapolis?
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.