Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

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 new tensions in Minneapolis. There's been
another shooting in the city, a week after an Immigration
and Customs Enforcement agent shot and killed a woman and
set off nationwide protests. The Department of Homeland Security says
one of its officers tried to arrest a man during
a targeted traffic stop, but he ran into a parked
vehicle and fled on foot. The officer caught up with him,
but then Minneapolis Police Chief Brian o'harris as two other
people came out of an apartment and started attacking the officer.
During the struggle, the federal agent discharged his weapon, striking
one adult male. The adult male then retreated inside of
the residents, where he remained inside and refused to come out.
Minneapolis Police Chief Brian o'harris says all three were eventually
taken into custody. Both the office and the man who
was shot are in the hospital. DHS says that man
is a Venezuelan who entered the US illegally. Minnesota Governor
Tim Waltz is condemning the ongoing enforcement surge in his state.
Let's be very very clear, this long ago stopped being
a matter of immigration enforcement. Instead, it's a campaign of
organized brutality against the people of Minnesota by our own
federal government.
Governor Tim Waltz delivered a primetime address to Minnesota right
around the time of this latest shooting.
We want to turn to US foreign policy now, Nathan.
And there's no end to the tensions between the US
and Denmark. After a high stakes meeting in Washington over Greenland,
Danish Foreign Minister Lars Logan Bresmussen says there's still a
fundamental disagreement over who gets to control the semi autonomous
territory FOSS.
Ideas that would not respect territorial integrity of the Kingdom
of Denmark and the right of such dissemination of the
Greenlandic people are of course totally unacceptable.
Well. Danish Foreign Minister Lars Laga Rasmussen says he's agreed
to set up a working group after a meeting with
Secretary of State Marco Rubio and Vice President JD.
Vance.
Denmark has also announced plans to beef up its military
presidence in the Arctic. Sweden, Norway, and the UK are
also sending troops to Greenland, and Germany says it'll send
more than a dozen personnel to the island to explore
their own military contribution.
Turning to the war in Ukraine now Karen, President Trump
faults Ukraine's leader Vladimir Zelenski as the main obstacle to
an agreement to end the war that Russia launched against
his country. In an interview with Reuters, the President described
Russian President Vladimir Putin as ready to make a deal.
When pressed on what was impeding in agreement, the President
replied Zelenski, Well.
Let's get to the latest developments in Iran. Nathan, President
Trump is indicating he might hold off on attacking the country.
The President says he has been reassured the government in
Tehran would stop killing people involved in protests. Begin more
from Bloomberg Middle East respondent Jumana Bursecci.
You don't exactly know who he's spoken to, who's given
him those reassurances. And again, as we've been reporting, it's
very difficult and challenging to get live information from the
ground in Iran because of the communications blackouts. That human
rights agencies estimate that the death told continues to climb,
and we're sitting closer to something like three thousand people.
And Bloomberg middle aged correspondent Jumana Burcecci there, we are
seeing an impact on the oil market right now. Crude
is falling. Nim excrude oil and Brent both down more
than four percent when nim Ex screwed at fifty nine
dollars twenty eight cents a barrel.
Here and there are new developments this morning and the
Justice Department probe into the Federal Reserve. Bloomberg's John Tucker
has been following that and joins us now with the latest. John,
Good morning, Good morning Nate.
President Trump now insists he does not plan to fire
Federal Reserve Chair Jerome Pwell. In an interview with Reuter's
Trump saying quote, I don't have any plan to do that. Still,
The President said he had not a rhyme to at
a conclusion about whether it's Justice Department probe of the
FED would give him grounds to oust the FED chair,
saying it's too early to say. Well, the pushback of
the probe has been fierce. Republic Considator Tom Tillis sent
down with Bloomberg balance of power, repeating his concern the
DOJ's criminal probe threatens FED independence.
It's remarkable to me that someone in the DOJ would
move without the President's knowledge, but apparently they did. But look,
if suddenly the threat of a lawsuit can take a
chair out of play, how can anybody think that that's
anything more than a de facto ending the independence of
the Fed. And we all know what that does to
markets worldwide.
Well, Tillo's has sent he would block FED nominations until
the investigation is resolved. In response to Republican lawmakers like
Tillis who are criticizing the FED investigation, President Trump responded,
I don't care and quote they should be loyal in
New York. I'm John Tucker Bloomberg Radio.
Right, John, thank you. Let's turn to the markets now,
where the S and P five hundred saw its first
back to back losses in twenty twenty six than ASDAK,
dropping one percent. It was its worst decline in a month,
and it is lined in all Magnificent seven stocks. New
Edge Wealth chief investment officer Cameraon Dawson sees more volatility ahead.
Noting that we are in the fourth year of a
bull market, and that's where you get a fifty to
fifty chance as to whether or not it extends into
a fourth year. And also note that this fourth year
is coinciding with a midterm electioneer, which also tends to
have both a higher volatility and lower returns than the
other years during the election cycle. So fourth year bullmarket
midterm electioneer that would suggest expect more volatility and lower returns.
Despite the increased volatility, New Edge Wealths Camera in Dawson
expect stocks to end the year higher.
Well tech stocks leading the games this morning, Karen, following
news from Taiwan's semiconductor manufacturing TSMC, gave us stronger than
anticipated outlook for twenty twenty six, signaling its confidence in
the longevity of the global artificial intelligence boom, and shares
in keys of Plrier ASML holding sort to a record
in Europe this morning, sending its market value above five
hundred billion dollars, and in Nvidia shares this morning are
up one and a half percent. Crew of four astronauts
has landed back on.
Earth, splashdown of Crew eleven after one hundred and sixty
seven days in space. Dragon and NASA astronauts a Xena
Cardman and Mike Fink, Kimya Yuei of Jackson, and russ
Cosmos cosmonaut al At Platinum are back on Earth now.
Those astronauts on doct from the International Space Station aboard
a SpaceX Dragon capsule. This morning, they splashed down off
the coast of California, cutting their trip early by about
a month because of a medical issue on board. NASA
is not disclosing the name of the astronaut or the
nature of the medical issue due to privacy concerns. The
agency is working to accelerate the arrival of the next crew,
which could be as early as the middle of next month.
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 Michael bar Michael,
good morning.
Thank you very much, Karen. Vice President JD. Vance cast
the tie breaking vote in the Senate on the Venezuela
War Powers Resolution. A group of senators voted with all
Senate Democrats on the resolution, which would have blocked the
use of US armed forces within or against Venezuela unless
authorized by Congress. Vans's vote means the resolution dies.
On this vote, the yaser fifty, the nayser fifty, the
Senate being equally divided. The Vice President votes affirmative in
the point of order is sustained.
Two Republican senators who previously supported the measure ended up
voting against it, Senators Josh Holly and Todd Young. Senate
Minority Leader Chuck Schumer argues that this leaves the door
open for President Trump to start another forever war.
Make no mistake about it.
This vote makes things more dangerous, not less.
It emboldens Donald Trump to push further down this reckless path.
Followed finary phone calls from President Trump to pressure GOP
defectors who last week voted to advance the resolution. It
is now day four of a nurse's strike in New
York City. There's no word of any imminent negotiations. About
fifteen thousand nurses walked off the job Monday from the
city's three major hospital systems, Mount Sinai, Montefior and New
York Presbyterian. The New York State Nurses Association union is
calling for better pay, better benefits, and protection from workplace violence.
A meazle's outbreak is growing in South Carolina. State officials
say there have been public exposures in places like retail stores, churches,
and restaurants. Department of Public Health state epidemiologists doctor Linda Bell.
We're also seeing ongoing transmission and households where entire households
of people who are unvaccinated are being infected.
Doctor Bell says, so far, four hundred and thirty four
cases have been reported in the South Carolina outbreak, with
over two hundred reported just one week. Global News twenty
four hours a day and whenever you want it with
the Bloomberg News. Now, I'm Michael Barn. This is Bloomberg Karen.
Thanks Michael. Time now for our Bloomberg Sports update, and
for that we bring in John stash Hour.
Thanks Darren. Nine NFL teams we're looking for a new
head coach, and it looks like the first team to
make a hire will be the New York Giants. They
met yesterday with John Harbaugh, who spent the last eighteen
years in Baltimore, where it is they are working to
finalize a deal. Quarterback Dante Moore has decided to stay
in school. He'll be back with Oregon rather than turned pro.
He was projected as perhaps being the number two pick
of the draft. A baseball free agent signing, starting pitcher
Ranger Suarez, formerly with the Phillies, signed with the Red Sox.
That's your Bloomberg Sports update.
Stay with us. More from Bloomberg day Break coming up
after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
the Bloomberg Business app. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. The Trump administration does not
appear to be backing off its demands to take over Greenland.
After a high stakes meeting in Washington with the Vice
President and Secretary of State, Danish Foreign Minister Lars Loga
Rasmussen says a fundamental disagreement remains.
Greenland for the time being and for sleep and future
will remain within the Kingdom of Denmark.
That was the Danish Foreign minister after the meeting with
JD Vance and Marco Rubio and joining us from Brussels
this morning is Bloomberg Chief Europe correspondent Oliver Crook.
All.
We saw images of the Danish and Greenlandic foreign ministers
coming out of that meeting doing fist bumps. But now
it appears the meeting did not go so well. So
where do things stand.
Now, Yeah, there was a lot of videos of them.
There were also saw a few videos of them chainsmoking,
sort of going in and out the meetings and maybe
highlighting some of the stress that they've been under in
the last couple of days in those meetings with jd
Vance and Marco Rubia. Listen, I think the headline is
what we heard, there's the fundamental disagreement still remains. This
is what we heard from the Danish foreign minister. He
said that effectively nothing has been resolved at this point,
that the discussions were frank and constructive, which obviously is
just diplomatic speak for potentially not a whole lot getting done. Again,
the sort of starting position for the Danes for Greenland
is basically not in any material change to the status
quo legally. They say that the framework that exists currently
governing the relationship between the United States and Greenland between
under this treaty from nineteen fifty one, which is again
gives very expansive powers to the United States in the
way that it can sort of behave and deploy its
troops and military operations within Greenland. They say that that
is adequate to sort of secure the territory from any
sort of potential hostile activity from the Chinese, from the Russians,
which is what we've been hearing from Donald Trump. They're
trying to de escalate the situation. They said that they're
now going to start this working group, and I thought
it was interesting that the Danish Foremas just said that
the working group would be there to explore if if
they can find a common way forward, because that is
certainly not assured.
And in the meantime, we have europe nations beginning to
send forces to the Arctic, including Greenland, led by Germany.
I mean that alone is significant.
It is significant. I think right now it's much more
of a symbolic gesture than anything sort of material from
the military heft front. It's a lot of exploratory missions.
So we have the Germans leading it. He was thirteen
soldiers that arrived yes or today, I should say yesterday.
Sweden send a few officers, the UK Norway. We also
have the French. They're opening a consulate actually in Greenland
starting in February. They say that that is going to
be a diplomatic and political message, a signal that they
would like to send, but we should say, you know,
this is all about trying to explain, explore different frameworks
that the Europeans could potentially construct in order to assuage
some of the fears of the President of the United States.
But it's also when you have more and more international
forces on this territory. Again, we don't really believe that
the United States is going to launch a military campaign,
but potentially that gets more difficult when you have representation
from a number of different NATO allies. So maybe not
a military determ, but potentially a diplomatic deterrent.
Just thirty seconds left, Oliver, what is the European sense
about the status of NATO, the strength of NATO right now.
I think they're very concerned by what they've seen, particularly
in the last couple of weeks. I mean, we just
had the ambassador from Belgium or to Belgium from the
United States on our air this morning. I was speaking
to him and so was our colleague Stephen Carroll here
in Brussels, and basically talking about what is the nature
of American friendship to the European Union at this stage,
and that is a question he's getting from a lot
of different sort of diplomats. He was there to basically
reassure that this is a United States that stands firmly
behind NATO, that the Donald Trump is a big fan
of NATO, and that he believes in it as a
strong alliance. It is the most important alliance that the
United States has. But frankly, speaking the way that the
President has been speaking on some of the rhetoric, he
used some of the same exact language about going the
easy way in the hard way on Greenland as with Venezuela,
that does not reassure European allies at all.
This is Bloomberg Daybreak, your morning podcast on the stories
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