Trump Suspends US Green Card Lottery After Brown, MIT Attacks; DOJ Faces Epstein Files Deadline

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Karen, we begin with the end of a man hunt
in New England. Authorities say they have found the suspect
in the mass shooting at Brown University and the murder
of an MIT professor in his home. Ted dox is,
Special Agent in charge of the FBI's Boston Field office.
We got them shortly before nine o'clock tonight. The FBI
SWAT team executed at court authorized search wars at stores
unit facility in Hampshire Road in Salem, New Hampshire. This
is where we located Claudio Navis Valente, the individual who
we believe was responsible for the Brown shooting.
FBI Special Aid to Charge Ted Dock says Valente was
found dead of a self inflicted gunshot wound in that
storage unit Providence, Rhode Island Police Chief Oscar says they
tracked Valente down after identifying a vehicle that was rented
near Brown in Massachusetts. It was actually a video that
provided us with a description of a vehicle that was corroborated.
Through a tip that was received to the Thiep Center.
Providence Police chief Oscar Press says Valente studied physics at
Brown in the early two thousands and went to the
same university in Lisbon as the murdered MIT professor Nuno Larrero.
Authority say it's unclear why he decided to attack the
specific lecture hall, where two students were killed and nine
others wound it last week.
Nathan the suspect, Ladion Nieves. Valente arrived in the US
in August two thousand on a student visa and obtained
permanent residency through a visa lottery program in twenty seventeen. Now,
the Trump administration says it's pausing that lottery, known as
the Diversity Immigrant Visa Program.
In a post on x Homeland.
Security Secretary Christy Nomes said, quote, this heinous individual should
never have been allowed in our country, and the pause
will end. I'm sure no more Americans are harmed by
this quote disastrous program. The visa lottery grants up to
fifty thousand green cards a year.
Well, Karen, President Trump's been rolling out a series of
perks in the last couple of days as he faces
growing political and economic uncertainty. This week, the President announced
holiday bonus checks for active service members, and now he's
followed that up with a boost for the cannabis industry.
I will be.
Signing an executive order to reschedule marijuana from a Schedule
one to a Schedule three control substance with legitimate medical uses.
And President Trump's even gotten a perk of his own.
His handpicked board at the Kennedy Center voted to add
his name to the venue, dubbing it the Trump Kennedy Center.
I was honored by its the board as a very
distinguished board most distinguished people in the country.
That honor for President Trump could face legal hurdles. The
law that created the Kennedy Center would require an Act
of Congress to rename.
It if in President Trump has announced one other perk
that applies to federal workers. He signed an executive order
giving government employees a five day weekend for the holidays,
with days off this year on Christmas Eve and December
twenty sixth. The extra holidays will not apply on Wall Street,
though the New York Stock Exchange and the Nasdaq both
say they will not alter their trading schedules on both
of those days. All this is the President prepares to
deliver more remarks on the economy at nine pm tonight.
You can catch the President's comments right here on Bloomberg Radio.
All this Karen.
Ahead of a key deadline with major political implications. The
Justice Department has until today to release its files on
Jeffrey Epstein. That's under the bill that the President signed
last month giving the agency thirty days to release most
of its files and communications related to the convicted sex offender.
Here's House Minoriti Leader Hakim Jeffries.
Thanks some more conversations with some of the top Democrats
who've been working on this matter. Related to full and
complete disclosure of the Epstein files. We do expect compliance,
but if the Department of Justice does not comply with
what is federal law at this point, they will be
strong bipartisan pushback.
Itsause Minorti Leader Hakim Jeffries. The records could contain a
detailed look at government investigations into Epstein's sexual abuse of
young women and underage girls, and whether any of his
associates knew about or participated in it.
Nathan, Let's turn now to a tragedy in North Carolina.
Federal investigators will begin sifting through the wreckage of a
business jet that crashed and killed all seven people on board,
including retired NASCAR driver Greg Biffle and his family. Aircraft
emergency aircraft is down unknown subjects Runway twenty eight and
that audio courtesy I Broadcast IF five. The cause of
the crash is not immediately known, nor was the reason
for the planes returned to the airport in drizzle and
cloudy conditions. The fifty five year old Biffle won more
than fifty races across NASCAR's three circuits.
Turning now Karen to the latest on the war in Ukraine,
leaders of the European Union have agreed to a loan
package for the next two years for the war torn country.
We get more from Bloomberg Chief europe correspondent Oliver Crook.
They're going to back a loan of ninety billion euros
to the Ukrainians over the next two years, used by
joint debt and backed by the European budget, saying that
ultimately this is a loan that will only have to
be paid back by the Ukrainians if the Russians pay
reparations to Ukraine, which we know is a sort of
distant prospect and probably an unlikely one, and if not,
then it will still be backed by the Russian assets
that are still being held by the Europeans.
Bloomberg's Olivercrook adds the US has largely cut off its
financial support for Ukraine. Without this loan, its funds will
run dry by April.
Let's turn to the markets now, Nathan futures they're higher
following yesterday's CPI report fueled rally. US inflation cooled last month,
and as a result, tech stocks led the way, rising
one point four percent. Andrew Sliman, head of Applied Equity
Advisors at Morgan Stanley Investment Management, thinks the recent selloff
on bubble fears may be overblown.
Bubbles are caused by excessive value. That's a key component
of a bubble. We don't have an excessive valuation today.
Do you know that the S and P technology sector
is trading at a lower pe today than it was
at the beginning of the year.
And Morgan Stanley Investment Management's Andrew Sliman notes that the
Nasdaq is up nineteen percent so far this year.
One stock moving down this morning, Karen is Nike. Those
shares are lower by ten percent in early trading. The
world's largest sportswear companies, warning sales will decline this quarter,
explaining persistent weaknessing China and softness at its converse brand FedEx.
Also in the spotlight, Nathan the shipping giant, raised the
low end of its profit outlook for the year and
reported earnings for the most recent quarter that topped Wall
Street estimates. However, shares are still lower, down about nine
ten percent in early trading.
Karen TikTok says it's signed an agreement for a new
US joint venture. This long delayed plan to separate from
its Chinese parent Byte Dance was put in motion when
the video sharing sensation said it is being bought by
a group of buyers led by Oracle. We get more
from Bloomberg's senior technology editor Mike Sheppard, and yet.
The security guarantees are going to be one of the
big questions out there, and the other will be has
China signed off on this as well, and we are
waiting to see what Beijing will say and if it
has been part of the trade conversation.
Bloomberg's Mike Sheppard tells Balance of Power host Joe Matthew
that the US joint venture will operate as an independent
entity controlling data protection, content moderation, and algorithm security, with
a new seven member majority American Board of Directors.
Time now for a look at some of the other
stories making news in New York and around the world,
and for that we're joined by Bloomberg's Monica Riggs Monica
Good Morning, A.
Good Morning care and the Department of Health and Human
Services has just proposed new restrictions designed to block access
to gender affirming care for minders. This is the latest
step by the Trump administration to crack down on care
for transgender Americas, and the proposals include cuts to federal
Medicaid and Medicare funding from hospitals.
They're not final or legally binding.
Though these proposals would have to go through a lengthy
rulemaking process and are likely to face legal challenges. As
Australia continues reeling from a mass shooting on a Honika
celebration at Bandai Beach that left fifteen people dead, Prime
Minister Anthony Albanisi announced a national gun buyback program to
get guns off streets in that country.
The government will establish a national gun buyback scheme to
purchase surplus newly banned and illegal firearms, the largest buyback
since the Howard government initiated one in nineteen ninety six.
Yeah Australia did a similar buyback program then after the
massacre in Tasmania's Port Arthur.
It left thirty five people dead.
US Special ENVOYE Steve Wikoff will be meeting with Russian
officials this weekend in Florida to discuss a proposed plan
to end its war in Ukraine. That meeting follows similar
talks with Ukrainian and European officials in Berlin earlier this week.
Wikoff is also meeting with senior officials from Qatar, Egypt,
and Turkey today in Miami to discuss the next phase
of the Gaza Deal. President Trump announced more activities planned
for the nation's two hundred and fiftieth birthday next year,
including the so called Patriot Games.
An unprecedented four day athletic event featuring the greatest high
school athletes, one young man and one young woman from
each state and territory.
Sound familiar. A lot of critics are comparing it to
the Hunger Games. Others argue it's just like a youth Olympics.
Global News twenty four hours a day and whenever you
want it with Bloomberg News. Now.
I'm Monica Rix and this is Bloomberg Karen Nathan. Thanks Monica.
Time now for our Bloomberg Sports update, and for that
we bring in John stash Hour.
Thanks Darren. What a game in Seattle, the Rams and
Seance plane for first place in the NSC. There were
three late changes and then the Rams built up a
sixteen point lead with just over eight minutes to play.
Seattle with two touchdowns and two two point conversions to
get the game to overtime, where they trailed, but then
scored a touchdown and added another two pointer. Seattle won
thirty eight to thirty seven. The college football playoff again
tonight with Alabama at Oklahoma. The Sooners beat the Crimson
to it a month ago. That's a Bloomberg Sports update.
Stay with us.
More from Bloomberg Day Break coming up after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning. I'm Nathan Hager, and the nearly week long
search is over for the suspect and the Brown University
mass shooting and the murder of an MIT professor in
his home Providence. Rhode Island Police Chief Oscar Press says
they tracked down forty eight year old Claudio Neves Valente
dead by his own hand in his storage unit in Salem,
New Hampshire.
He was a Brown student, He was a Fortuguese and
his last name non address was in Miami.
Flower Most Providence Police Chief Oscar Pres making the announcement
in a news conference last night. This morning were joined
by Bloomberg Breaking News editor Alexander Pearson and alex This
search that caused a lot of anxiety and frustration across
New England. What more do we know about how this
case finally broke Good morning.
Good morning, Nathan. Yeah, that's right. So Ever since the
shooting at Bernie University last week, there had been a
multi state manhunt after the suspect, and interestingly enough, actually
was actually a tip off from a someone who saw
the spect the gunman at the university, who actually posted
about this on Reddit and then subsequently went to the
police and told him that he had seen a car
he believed it was a rental car, and that tip
off actually helped the police identify this suspect, the Portuguese
national who was found dead yesterday.
Do we know anything more at this point, her investors
are saying anything more about what motivated this attack. We
know that he had connections to Brown and apparently to
this MIT professor as well.
Yeah, that's right. We don't really know the exact motivation.
The police don't believe that the students who were targeted
in the shooting at Brown University were actually targeted with intent. However,
they do. They do say there is a link between
the shooter and the MIT professor who was killed earlier
this week, in so far as both are Portuguese nationals
and both actually attended the same university in Lisbon, Portugal.
I believe it was in the late nineties. They don't
know exactly, you know, what the relation was. They think
they knew each other, and they yet whether you know
what the exact motivation was. But they are pursuing that lead.
Now, and we know of course now that given that
he was a Portuguese national, we understand here legally in
this country. This is leading to some pretty significant changes
once again when it comes to immigration policy from the
Trump administration.
That's right. The Department of Homeland Security Secretary Christy Nome
came out yesterday in a post on x announcing that
she's ordered this lottery program for green cards that was
used by the shooter to enter the US in twenty
seventeen to be posed. That program, they assure it abound
thousand green cards issued every year under the terms of
that program. So that's now being stopped. And as you say,
this is coming on the heels of TIDA, travel restrictions
on many developing countries, heavy fines for certain types of
visa categories, companies, and obviously the online deportation program that
the Trump administration has been pursuing since it came into
office in January.
Yeah, just thirty seconds left. But this draws a lot
of comparison to what happened after the National Guard shooting
in Washington, d C. With the crackdown there. How much
further could this go on?
It you know that it's not really clear this moment
in time, but it could keep going further. I mean,
there are many different visa categories, many different avenues that
the Trump administration could legally pursue to titan immigration. We
saw that they expanded the travel restrictions to even more
countries aft in the wake of that shooting of the
National Guard members. So at this point in time, you know,
it doesn't seem like this. This might not be the end.
I mean, coming into twenty twenty six, we might see
even further immigration restrictions coming from this administration.
This is Bloomberg Daybreak, your morning podcast on the stories
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