Chapter 1: What is the main topic discussed in this episode?
Here's your midday brief for Thursday, January 15th. I'm Pierre Bien-Aimé for The Wall Street Journal. Goldman Sachs reported stronger than expected profit in the fourth quarter today. Net income rose 12 percent to more than $4.6 billion.
The bank also says that for the year, revenue in its investment banking and markets division hit a high as companies struck more deals and borrowed at a record pace. President Trump is threatening to invoke the Insurrection Act, which would allow him to deploy the military inside the U.S.
He's responding to protests in Minnesota where he wrote on Truth Social that, quote, agitators and insurrectionists are attacking ICE and local officials aren't stopping them. Minnesota Governor Tim Walz, a Democrat, has encouraged residents to protest peacefully and to record federal agents.
Trump has previously threatened to use the Insurrection Act after tensions in blue-leaning cities, but didn't use the law. An attempt to do so would likely face legal challenges.
Chapter 2: What were Goldman Sachs' fourth-quarter profit results?
And ICE agents today arrested two workers driving to the construction site of a Meta data center in Louisiana. That's according to local law enforcement, who said the workers were arrested due to their immigration status. They were from Guatemala and Honduras. Meta is building a $27 billion data center in Richland Parish, a rural area in the northeast of the state.
The company declined to comment when asked about the arrests. The Department of Homeland Security didn't respond to requests for comment. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast.
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