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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 Ā£10 trillion 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 Ed Kalecki. The White House has ordered the Department of Homeland Security to begin shutdown procedures as its funding from Congress expires at midnight. The third time parts of the U.S. government will have shut down in the last six months.
The shutdown will affect DHS functions other than immigration and border enforcement, which are broadly covered through multi-year funding from the tax and spending bill passed by Congress last July. Other security-sensitive jobs will also be deemed essential if and those employees will report to work without pay.
While the shutdown formally takes effect at midnight, DHS employees were instructed to report to work and begin an orderly shutdown on their next regularly scheduled shift, which for most workers will be Tuesday following the observation of President's Day on Monday.
House Minority Leader Hakeem Jeffrey says Democrats will respond to the White House's unserious Homeland Security funding offer, with funding for the agency almost certain to expire tonight at midnight. Jeffrey's also stressed he's ready to talk.
I'm here, ready, willing, and able to have a conversation with anyone, anytime, anyplace. That's always been the Democratic posture, Mike Johnson has once again sent House Republicans home.
Congressional Democrats previously called for a set of reforms to immigration enforcement, including judicial warrant requirements in exchange for their votes to fund the Department of Homeland Security. The White House and Democrats remain at loggerheads with no agreement yet on funding for the agency, which includes the TSA and FEMA.
Amazon shares posted their longest streak of daily losses in almost 20 years as investors continue to question how much the e-commerce and cloud computing company spends on capital expenditures. Shares fell 0.4 percent Friday, their ninth straight negative session. This is the longest losing streak for the stock since another nine-day drop that ended in July 2006.
The stock shed 18 percent over the latest stretch, erasing about $463 billion in market valuation. Shares closed at their lowest since May. A bipartisan group of U.S. senators is attending the Munich Security Conference, and Democrat Alyssa Slotkin tells Bloomberg what she's hearing from European counterparts.
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Chapter 2: What are the implications of the Homeland Security shutdown?
It's just going to take a bite.
Democrat Alyssa Slotkin. SpaceX is considering a dual-class share structure in its planned IPO this year, mirroring a strategy that its billionaire founder Elon Musk floated for Tesla. A two-tier structure would give select shareholders stock with extra voting power that would allow them to dominate decision-making.
The move would allow insiders such as Musk to maintain control of the company, even with a minority stake. The Pentagon added Alibaba, BYD, Baidu and TP-Link technologies to a list of companies that aid the Chinese military, before withdrawing it minutes later without explanation.
The moves on Friday roiled shares of the affected listed companies and left analysts wondering about the administration's intentions. If the list is reposted, they said it would be a show of strength ahead of President Trump's expected trip to China and meeting with Chinese leader Xi Jinping in April.
Two federal immigration officers have been placed on administrative leave after a joint review by Immigration and Customs Enforcement and the Department of Justice found sworn testimony in a Minneapolis shooting case contradicted video evidence. The development comes nearly a month after a federal officer shot a Venezuelan national in the leg.
during a confrontation in Minneapolis on January 14th, an incident that fell between two high-profile shootings that intensified tensions between state leaders and the Trump administration over immigration enforcement operations.
Congresswoman Debbie Wasserman Schultz said the latest reports on Kristi Noem's personal and professional behavior reinforced the demand that she be fired or face impeachment. She told Bloomberg this in an interview.
She has essentially assembled one of the largest agencies in our federal government in service of her own self-promotion is an outrage. And she is singularly incompetent.
Florida Democratic Congresswoman Debbie Wasserman Schultz. Ford's top executive spoke to senior Trump administration officials about a potential roadmap for Chinese automakers to build cars in America by partnering with U.S. car companies. The rough framework discussed by Ford Chief Executive Officer Jim Farley and
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