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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner,

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Speaker 1: and we begin in Minneapolis, where a senior Border Patrol

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Speaker 1: commander and some agents are reportedly expected to leave the

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Speaker 1: city as early as Tuesday. The departure of Commander Greg

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Speaker 1: Bovino comes as President Trump dispatched borders are Tom Homan

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Speaker 1: to Minnesota to take charge of ICE operations. Now. Homan

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Speaker 1: will be meeting with Minneapolis Mayor Jacob Fry tomorrow as

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Speaker 1: the unrest continues. Following the shooting death of Alex Preddy,

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Speaker 1: the mayor of Saint Paul Cowley Hurr spoke to Bloomberg's

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Speaker 1: balance of power.

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Speaker 2: Alex was not at a protest. It was a mourning

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Speaker 2: in which he just happened to be in a space

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Speaker 2: in which he saw activity and he wanted to go

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Speaker 2: and document. I think that it is dangerous when we

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Speaker 2: say that just because people are gathering or they exist,

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Speaker 2: is that they are protesting. They are not. They know

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Speaker 2: that their neighbors have been taken off the streets, that

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Speaker 2: people are being ripped out of their homes forcibly, that

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Speaker 2: people are having children and family ripped apart. And so

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Speaker 2: when our neighbors see each other hurting and impacted. We

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Speaker 2: show up.

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Speaker 1: That is Cowley her the mayor of Saint Paul, Minnesota.

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Speaker 1: Now the situation in Minneapolis is impacting the passage of

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Speaker 1: an appropriations bill. Democrats are moving toward a potential government

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Speaker 1: shutdown over the bill's inclusion of funding for the Department

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Speaker 1: of Homeland Security. Here is Bloomberg's Eric Wasson.

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Speaker 3: So Schumer right now is saying, split five of the

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Speaker 3: six part package apart. This would fund everything in the

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Speaker 3: State Department Treasury, Small Business Administration and past that and

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Speaker 3: then deal with DHS separately. But Republicans are resisting that,

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Speaker 3: saying there's really no time and consent. You really need

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Speaker 3: unanimous consent in the Senate to do any of this.

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Speaker 3: So we're predicting a likely government shutdown.

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Speaker 1: That is Bloomberg's Eric Wasawson. President Trump said tonight in

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Speaker 1: a post on truth Social he is increasing a tariff

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Speaker 1: on some South Korean goods from fifteen percent to twenty

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Speaker 1: five percent. This new rate will apply to autos, lumber,

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Speaker 1: and pharmaceutical products. Here is Bloomberg's josh Win Grove.

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Speaker 4: He's essentially ripping up or at least for now, the

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Speaker 4: deal and saying that's because the Korean they're slow walking in.

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Speaker 4: I should note that there were a lot of question marks,

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Speaker 4: including from what the American position was about this deal.

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Speaker 4: You know, we still, for instance, don't know what what

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Speaker 4: the shipbuilding cooperation will look like. And so this is

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Speaker 4: another case for countries that are looking at this, including

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Speaker 4: the EU and the UK that had their deals and

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Speaker 4: that then saw the Greenland tarraff threat come in. The

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Speaker 4: Trump's deals aren't necessarily you know, locked in.

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Speaker 1: That is Bloomberg's Josh Wingrove. Now, the government in Seoul

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Speaker 1: says it did not receive an official notice on the

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Speaker 1: terraff from the Trump administration. We go to Business News next.

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Speaker 1: In Vidia has announced an additional two billion dollar investment

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Speaker 1: in core weave Now. The funding is aimed at speeding

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Speaker 1: up an effort to add more than five gigawatts of

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Speaker 1: AI computing capacity by twenty thirty. However, the investment has

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Speaker 1: sparked concern about circular financing. In Vidia CEO Jensen Long

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Speaker 1: pushed back and said the investments represent confidence and the

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Speaker 1: growth and business models of the companies. Here is Bloomberg's

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Speaker 1: Ed Ludlow.

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Speaker 5: So to in Vidia's mind two billion dollars is not

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Speaker 5: a lot of money in the grand scheme of what

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Speaker 5: core weave is going to have to go to the

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Speaker 5: capital markets to raise. Nvidia makes lots and lots of investments,

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Speaker 5: you know, two billion dollars equivalent, and they do it

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Speaker 5: through buying common stock. His evidence is that, you know,

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Speaker 5: that's completely normal for them and so widespread across the

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Speaker 5: AI stack is their investments, that it's not circular, particularly

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Speaker 5: when those don't include quid broke quotes.

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Speaker 1: That is Bloomberg's Ed Ludlow. The heaviest winter storm in

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Speaker 1: years dropped mounds of snow on New York City. Here

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Speaker 1: is Bloomberg's Miles Miller on the economic cost.

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Speaker 6: We know that more than three thousand flights were canceled Monday,

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Speaker 6: following roughly eleven thousand, six hundred canceled on Sunday. The

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Speaker 6: most sense the COVID nineteen pandemic natural gas future surged

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Speaker 6: above six dollars and thirty cents per BTU the highest

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Speaker 6: sense December twenty twenty two. Insurance claims average fifteen thoy

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Speaker 6: four hundred normally around storms like this for water damage

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Speaker 6: and freezing, with some exceeding thirty thousand dollars.

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Speaker 1: That is Bloomberg's Miles Miller Now power grids are also

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Speaker 1: under pressure as a deep freeze now sets in following

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Speaker 1: the storm. The grid operator PJM Interconnection issued an emergency

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Speaker 1: for Tuesday and warn demand will exceed one hundred and

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Speaker 1: forty seven gigawatts. That's an all time high for winter.

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Speaker 1: Six people are presumed dead after a private jet crash

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Speaker 1: during takeoff at Bangor International Airport in Maine Sunday evening.

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Speaker 1: The cause of this crash is under investigation. It occurred

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Speaker 1: as the winter storm was affecting the area and federal

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Speaker 1: investigators were initially unable to reach the crash site due

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Speaker 1: to the weather. India and the European Union are set

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Speaker 1: to announce a trade deal. These two jurisdictions are forcing

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Speaker 1: closer economics ties as a way of defending against President

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Speaker 1: Trump's tariffs now an agreement with lower tariffs on most

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Speaker 1: consumer and industrial goods traded between India and the European Union.

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Speaker 1: It would also benefit the EU's car exports. British Prime

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Speaker 1: Minister kir Starmer said today the UK would not have

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Speaker 1: to choose between the US and China. As he spoke

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Speaker 1: about significant opportunities for British businesses. Ahead of Starmer's trip

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Speaker 1: to Beijing this week, Starmer insisted the UK could meet

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Speaker 1: President Chi Jinping without angering President Trump. He also said

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Speaker 1: the UK could enjoy close relations with the US and

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Speaker 1: business opportunities in China. And that is news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Doug prisoner and

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Speaker 1: this is Bloomberg