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

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with new tensions in Minneapolis. There's been

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<v Speaker 3>another shooting in the city, a week after an Immigration

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<v Speaker 3>and Customs Enforcement agent shot and killed a woman and

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<v Speaker 3>set off nationwide protests. The Department of Homeland Security says

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<v Speaker 3>one of its officers tried to arrest a man during

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<v Speaker 3>a targeted traffic stop, but he ran into a parked

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<v Speaker 3>vehicle and fled on foot. The officer caught up with him,

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<v Speaker 3>but then Minneapolis Police Chief Brian o'harris as two other

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<v Speaker 3>people came out of an apartment and started attacking the officer.

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<v Speaker 4>During the struggle, the federal agent discharged his weapon, striking

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<v Speaker 4>one adult male. The adult male then retreated inside of

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<v Speaker 4>the residents, where he remained inside and refused to come out.

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<v Speaker 3>Minneapolis Police Chief Brian o'harris says all three were eventually

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<v Speaker 3>taken into custody. Both the office and the man who

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<v Speaker 3>was shot are in the hospital. DHS says that man

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<v Speaker 3>is a Venezuelan who entered the US illegally. Minnesota Governor

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<v Speaker 3>Tim Waltz is condemning the ongoing enforcement surge in his state.

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<v Speaker 5>Let's be very very clear, this long ago stopped being

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<v Speaker 5>a matter of immigration enforcement. Instead, it's a campaign of

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<v Speaker 5>organized brutality against the people of Minnesota by our own

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<v Speaker 5>federal government.

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<v Speaker 3>Governor Tim Waltz delivered a primetime address to Minnesota right

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<v Speaker 3>around the time of this latest shooting.

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<v Speaker 2>We want to turn to US foreign policy now, Nathan.

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<v Speaker 2>And there's no end to the tensions between the US

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<v Speaker 2>and Denmark. After a high stakes meeting in Washington over Greenland,

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<v Speaker 2>Danish Foreign Minister Lars Logan Bresmussen says there's still a

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<v Speaker 2>fundamental disagreement over who gets to control the semi autonomous

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<v Speaker 2>territory FOSS.

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<v Speaker 6>Ideas that would not respect territorial integrity of the Kingdom

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<v Speaker 6>of Denmark and the right of such dissemination of the

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<v Speaker 6>Greenlandic people are of course totally unacceptable.

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<v Speaker 2>Well. Danish Foreign Minister Lars Laga Rasmussen says he's agreed

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<v Speaker 2>to set up a working group after a meeting with

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<v Speaker 2>Secretary of State Marco Rubio and Vice President JD.

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<v Speaker 7>Vance.

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<v Speaker 2>Denmark has also announced plans to beef up its military

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<v Speaker 2>presidence in the Arctic. Sweden, Norway, and the UK are

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<v Speaker 2>also sending troops to Greenland, and Germany says it'll send

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<v Speaker 2>more than a dozen personnel to the island to explore

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<v Speaker 2>their own military contribution.

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<v Speaker 3>Turning to the war in Ukraine now Karen, President Trump

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<v Speaker 3>faults Ukraine's leader Vladimir Zelenski as the main obstacle to

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<v Speaker 3>an agreement to end the war that Russia launched against

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<v Speaker 3>his country. In an interview with Reuters, the President described

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<v Speaker 3>Russian President Vladimir Putin as ready to make a deal.

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<v Speaker 3>When pressed on what was impeding in agreement, the President

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<v Speaker 3>replied Zelenski, Well.

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<v Speaker 2>Let's get to the latest developments in Iran. Nathan, President

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<v Speaker 2>Trump is indicating he might hold off on attacking the country.

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<v Speaker 2>The President says he has been reassured the government in

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<v Speaker 2>Tehran would stop killing people involved in protests. Begin more

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<v Speaker 2>from Bloomberg Middle East respondent Jumana Bursecci.

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<v Speaker 8>You don't exactly know who he's spoken to, who's given

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<v Speaker 8>him those reassurances. And again, as we've been reporting, it's

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<v Speaker 8>very difficult and challenging to get live information from the

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<v Speaker 8>ground in Iran because of the communications blackouts. That human

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<v Speaker 8>rights agencies estimate that the death told continues to climb,

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<v Speaker 8>and we're sitting closer to something like three thousand people.

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<v Speaker 2>And Bloomberg middle aged correspondent Jumana Burcecci there, we are

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<v Speaker 2>seeing an impact on the oil market right now. Crude

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<v Speaker 2>is falling. Nim excrude oil and Brent both down more

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<v Speaker 2>than four percent when nim Ex screwed at fifty nine

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<v Speaker 2>dollars twenty eight cents a barrel.

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<v Speaker 3>Here and there are new developments this morning and the

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<v Speaker 3>Justice Department probe into the Federal Reserve. Bloomberg's John Tucker

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<v Speaker 3>has been following that and joins us now with the latest. John,

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<v Speaker 3>Good morning, Good morning Nate.

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<v Speaker 9>President Trump now insists he does not plan to fire

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<v Speaker 9>Federal Reserve Chair Jerome Pwell. In an interview with Reuter's

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<v Speaker 9>Trump saying quote, I don't have any plan to do that. Still,

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<v Speaker 9>The President said he had not a rhyme to at

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<v Speaker 9>a conclusion about whether it's Justice Department probe of the

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<v Speaker 9>FED would give him grounds to oust the FED chair,

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<v Speaker 9>saying it's too early to say. Well, the pushback of

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<v Speaker 9>the probe has been fierce. Republic Considator Tom Tillis sent

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<v Speaker 9>down with Bloomberg balance of power, repeating his concern the

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<v Speaker 9>DOJ's criminal probe threatens FED independence.

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<v Speaker 7>It's remarkable to me that someone in the DOJ would

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<v Speaker 7>move without the President's knowledge, but apparently they did. But look,

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<v Speaker 7>if suddenly the threat of a lawsuit can take a

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<v Speaker 7>chair out of play, how can anybody think that that's

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<v Speaker 7>anything more than a de facto ending the independence of

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<v Speaker 7>the Fed. And we all know what that does to

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<v Speaker 7>markets worldwide.

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<v Speaker 9>Well, Tillo's has sent he would block FED nominations until

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<v Speaker 9>the investigation is resolved. In response to Republican lawmakers like

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<v Speaker 9>Tillis who are criticizing the FED investigation, President Trump responded,

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<v Speaker 9>I don't care and quote they should be loyal in

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<v Speaker 9>New York. I'm John Tucker Bloomberg Radio.

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<v Speaker 2>Right, John, thank you. Let's turn to the markets now,

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<v Speaker 2>where the S and P five hundred saw its first

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<v Speaker 2>back to back losses in twenty twenty six than ASDAK,

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<v Speaker 2>dropping one percent. It was its worst decline in a month,

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<v Speaker 2>and it is lined in all Magnificent seven stocks. New

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<v Speaker 2>Edge Wealth chief investment officer Cameraon Dawson sees more volatility ahead.

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<v Speaker 10>Noting that we are in the fourth year of a

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<v Speaker 10>bull market, and that's where you get a fifty to

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<v Speaker 10>fifty chance as to whether or not it extends into

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<v Speaker 10>a fourth year. And also note that this fourth year

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<v Speaker 10>is coinciding with a midterm electioneer, which also tends to

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<v Speaker 10>have both a higher volatility and lower returns than the

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<v Speaker 10>other years during the election cycle. So fourth year bullmarket

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<v Speaker 10>midterm electioneer that would suggest expect more volatility and lower returns.

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<v Speaker 2>Despite the increased volatility, New Edge Wealths Camera in Dawson

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<v Speaker 2>expect stocks to end the year higher.

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<v Speaker 3>Well tech stocks leading the games this morning, Karen, following

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<v Speaker 3>news from Taiwan's semiconductor manufacturing TSMC, gave us stronger than

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<v Speaker 3>anticipated outlook for twenty twenty six, signaling its confidence in

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<v Speaker 3>the longevity of the global artificial intelligence boom, and shares

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<v Speaker 3>in keys of Plrier ASML holding sort to a record

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<v Speaker 3>in Europe this morning, sending its market value above five

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<v Speaker 3>hundred billion dollars, and in Nvidia shares this morning are

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<v Speaker 3>up one and a half percent. Crew of four astronauts

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<v Speaker 3>has landed back on.

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<v Speaker 11>Earth, splashdown of Crew eleven after one hundred and sixty

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<v Speaker 11>seven days in space. Dragon and NASA astronauts a Xena

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<v Speaker 11>Cardman and Mike Fink, Kimya Yuei of Jackson, and russ

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<v Speaker 11>Cosmos cosmonaut al At Platinum are back on Earth now.

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<v Speaker 3>Those astronauts on doct from the International Space Station aboard

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<v Speaker 3>a SpaceX Dragon capsule. This morning, they splashed down off

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<v Speaker 3>the coast of California, cutting their trip early by about

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<v Speaker 3>a month because of a medical issue on board. NASA

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<v Speaker 3>is not disclosing the name of the astronaut or the

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<v Speaker 3>nature of the medical issue due to privacy concerns. The

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<v Speaker 3>agency is working to accelerate the arrival of the next crew,

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<v Speaker 3>which could be as early as the middle of next month.

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<v Speaker 2>Time now for a look at some of the other

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<v Speaker 2>stories making news in New York and around the world,

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<v Speaker 2>and for that we're joined by Bloomberg's Michael bar Michael,

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<v Speaker 2>good morning.

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<v Speaker 12>Thank you very much, Karen. Vice President JD. Vance cast

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<v Speaker 12>the tie breaking vote in the Senate on the Venezuela

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<v Speaker 12>War Powers Resolution. A group of senators voted with all

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<v Speaker 12>Senate Democrats on the resolution, which would have blocked the

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<v Speaker 12>use of US armed forces within or against Venezuela unless

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<v Speaker 12>authorized by Congress. Vans's vote means the resolution dies.

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<v Speaker 13>On this vote, the yaser fifty, the nayser fifty, the

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<v Speaker 13>Senate being equally divided. The Vice President votes affirmative in

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<v Speaker 13>the point of order is sustained.

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<v Speaker 12>Two Republican senators who previously supported the measure ended up

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<v Speaker 12>voting against it, Senators Josh Holly and Todd Young. Senate

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<v Speaker 12>Minority Leader Chuck Schumer argues that this leaves the door

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<v Speaker 12>open for President Trump to start another forever war.

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<v Speaker 6>Make no mistake about it.

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<v Speaker 2>This vote makes things more dangerous, not less.

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<v Speaker 5>It emboldens Donald Trump to push further down this reckless path.

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<v Speaker 12>Followed finary phone calls from President Trump to pressure GOP

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<v Speaker 12>defectors who last week voted to advance the resolution. It

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<v Speaker 12>is now day four of a nurse's strike in New

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<v Speaker 12>York City. There's no word of any imminent negotiations. About

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<v Speaker 12>fifteen thousand nurses walked off the job Monday from the

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<v Speaker 12>city's three major hospital systems, Mount Sinai, Montefior and New

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<v Speaker 12>York Presbyterian. The New York State Nurses Association union is

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<v Speaker 12>calling for better pay, better benefits, and protection from workplace violence.

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<v Speaker 12>A meazle's outbreak is growing in South Carolina. State officials

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<v Speaker 12>say there have been public exposures in places like retail stores, churches,

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<v Speaker 12>and restaurants. Department of Public Health state epidemiologists doctor Linda Bell.

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<v Speaker 14>We're also seeing ongoing transmission and households where entire households

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<v Speaker 14>of people who are unvaccinated are being infected.

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<v Speaker 12>Doctor Bell says, so far, four hundred and thirty four

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<v Speaker 12>cases have been reported in the South Carolina outbreak, with

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<v Speaker 12>over two hundred reported just one week. Global News twenty

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<v Speaker 12>four hours a day and whenever you want it with

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<v Speaker 12>the Bloomberg News. Now, I'm Michael Barn. This is Bloomberg Karen.

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<v Speaker 2>Thanks Michael. Time now for our Bloomberg Sports update, and

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<v Speaker 2>for that we bring in John stash Hour.

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<v Speaker 15>Thanks Darren. Nine NFL teams we're looking for a new

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<v Speaker 15>head coach, and it looks like the first team to

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<v Speaker 15>make a hire will be the New York Giants. They

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<v Speaker 15>met yesterday with John Harbaugh, who spent the last eighteen

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<v Speaker 15>years in Baltimore, where it is they are working to

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<v Speaker 15>finalize a deal. Quarterback Dante Moore has decided to stay

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<v Speaker 15>in school. He'll be back with Oregon rather than turned pro.

0:09:33.320 --> 0:09:35.640
<v Speaker 15>He was projected as perhaps being the number two pick

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<v Speaker 15>of the draft. A baseball free agent signing, starting pitcher

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<v Speaker 15>Ranger Suarez, formerly with the Phillies, signed with the Red Sox.

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<v Speaker 15>That's your Bloomberg Sports update.

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<v Speaker 2>Stay with us. More from Bloomberg day Break coming up

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<v Speaker 2>after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

0:09:57.040 --> 0:10:00.040
<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>the Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager. The Trump administration does not

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<v Speaker 3>appear to be backing off its demands to take over Greenland.

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<v Speaker 3>After a high stakes meeting in Washington with the Vice

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<v Speaker 3>President and Secretary of State, Danish Foreign Minister Lars Loga

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<v Speaker 3>Rasmussen says a fundamental disagreement remains.

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<v Speaker 6>Greenland for the time being and for sleep and future

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<v Speaker 6>will remain within the Kingdom of Denmark.

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<v Speaker 3>That was the Danish Foreign minister after the meeting with

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<v Speaker 3>JD Vance and Marco Rubio and joining us from Brussels

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<v Speaker 3>this morning is Bloomberg Chief Europe correspondent Oliver Crook.

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<v Speaker 12>All.

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<v Speaker 3>We saw images of the Danish and Greenlandic foreign ministers

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<v Speaker 3>coming out of that meeting doing fist bumps. But now

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<v Speaker 3>it appears the meeting did not go so well. So

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<v Speaker 3>where do things stand.

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<v Speaker 14>Now, Yeah, there was a lot of videos of them.

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<v Speaker 14>There were also saw a few videos of them chainsmoking,

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<v Speaker 14>sort of going in and out the meetings and maybe

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<v Speaker 14>highlighting some of the stress that they've been under in

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<v Speaker 14>the last couple of days in those meetings with jd

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<v Speaker 14>Vance and Marco Rubia. Listen, I think the headline is

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<v Speaker 14>what we heard, there's the fundamental disagreement still remains. This

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<v Speaker 14>is what we heard from the Danish foreign minister. He

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<v Speaker 14>said that effectively nothing has been resolved at this point,

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<v Speaker 14>that the discussions were frank and constructive, which obviously is

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<v Speaker 14>just diplomatic speak for potentially not a whole lot getting done. Again,

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<v Speaker 14>the sort of starting position for the Danes for Greenland

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<v Speaker 14>is basically not in any material change to the status

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<v Speaker 14>quo legally. They say that the framework that exists currently

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<v Speaker 14>governing the relationship between the United States and Greenland between

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<v Speaker 14>under this treaty from nineteen fifty one, which is again

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<v Speaker 14>gives very expansive powers to the United States in the

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<v Speaker 14>way that it can sort of behave and deploy its

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<v Speaker 14>troops and military operations within Greenland. They say that that

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<v Speaker 14>is adequate to sort of secure the territory from any

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<v Speaker 14>sort of potential hostile activity from the Chinese, from the Russians,

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<v Speaker 14>which is what we've been hearing from Donald Trump. They're

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<v Speaker 14>trying to de escalate the situation. They said that they're

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<v Speaker 14>now going to start this working group, and I thought

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<v Speaker 14>it was interesting that the Danish Foremas just said that

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<v Speaker 14>the working group would be there to explore if if

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<v Speaker 14>they can find a common way forward, because that is

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<v Speaker 14>certainly not assured.

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<v Speaker 3>And in the meantime, we have europe nations beginning to

0:12:01.520 --> 0:12:06.440
<v Speaker 3>send forces to the Arctic, including Greenland, led by Germany.

0:12:06.480 --> 0:12:08.360
<v Speaker 3>I mean that alone is significant.

0:12:08.720 --> 0:12:10.800
<v Speaker 14>It is significant. I think right now it's much more

0:12:10.840 --> 0:12:13.680
<v Speaker 14>of a symbolic gesture than anything sort of material from

0:12:13.720 --> 0:12:16.679
<v Speaker 14>the military heft front. It's a lot of exploratory missions.

0:12:16.679 --> 0:12:19.199
<v Speaker 14>So we have the Germans leading it. He was thirteen

0:12:19.240 --> 0:12:22.360
<v Speaker 14>soldiers that arrived yes or today, I should say yesterday.

0:12:22.400 --> 0:12:25.760
<v Speaker 14>Sweden send a few officers, the UK Norway. We also

0:12:25.800 --> 0:12:28.800
<v Speaker 14>have the French. They're opening a consulate actually in Greenland

0:12:28.840 --> 0:12:30.800
<v Speaker 14>starting in February. They say that that is going to

0:12:30.840 --> 0:12:33.920
<v Speaker 14>be a diplomatic and political message, a signal that they

0:12:33.960 --> 0:12:35.760
<v Speaker 14>would like to send, but we should say, you know,

0:12:35.760 --> 0:12:38.559
<v Speaker 14>this is all about trying to explain, explore different frameworks

0:12:38.559 --> 0:12:42.600
<v Speaker 14>that the Europeans could potentially construct in order to assuage

0:12:42.600 --> 0:12:44.440
<v Speaker 14>some of the fears of the President of the United States.

0:12:44.480 --> 0:12:46.960
<v Speaker 14>But it's also when you have more and more international

0:12:46.960 --> 0:12:50.520
<v Speaker 14>forces on this territory. Again, we don't really believe that

0:12:50.559 --> 0:12:52.720
<v Speaker 14>the United States is going to launch a military campaign,

0:12:52.720 --> 0:12:55.920
<v Speaker 14>but potentially that gets more difficult when you have representation

0:12:56.040 --> 0:12:58.680
<v Speaker 14>from a number of different NATO allies. So maybe not

0:12:58.800 --> 0:13:02.040
<v Speaker 14>a military determ, but potentially a diplomatic deterrent.

0:13:02.400 --> 0:13:05.640
<v Speaker 3>Just thirty seconds left, Oliver, what is the European sense

0:13:05.760 --> 0:13:10.079
<v Speaker 3>about the status of NATO, the strength of NATO right now.

0:13:10.240 --> 0:13:12.480
<v Speaker 14>I think they're very concerned by what they've seen, particularly

0:13:12.520 --> 0:13:13.920
<v Speaker 14>in the last couple of weeks. I mean, we just

0:13:13.960 --> 0:13:16.640
<v Speaker 14>had the ambassador from Belgium or to Belgium from the

0:13:16.760 --> 0:13:18.959
<v Speaker 14>United States on our air this morning. I was speaking

0:13:18.960 --> 0:13:21.040
<v Speaker 14>to him and so was our colleague Stephen Carroll here

0:13:21.400 --> 0:13:24.480
<v Speaker 14>in Brussels, and basically talking about what is the nature

0:13:24.559 --> 0:13:27.680
<v Speaker 14>of American friendship to the European Union at this stage,

0:13:27.720 --> 0:13:29.360
<v Speaker 14>and that is a question he's getting from a lot

0:13:29.360 --> 0:13:31.760
<v Speaker 14>of different sort of diplomats. He was there to basically

0:13:31.800 --> 0:13:34.520
<v Speaker 14>reassure that this is a United States that stands firmly

0:13:34.559 --> 0:13:37.120
<v Speaker 14>behind NATO, that the Donald Trump is a big fan

0:13:37.160 --> 0:13:38.720
<v Speaker 14>of NATO, and that he believes in it as a

0:13:38.760 --> 0:13:41.240
<v Speaker 14>strong alliance. It is the most important alliance that the

0:13:41.360 --> 0:13:43.800
<v Speaker 14>United States has. But frankly, speaking the way that the

0:13:43.800 --> 0:13:45.920
<v Speaker 14>President has been speaking on some of the rhetoric, he

0:13:46.000 --> 0:13:47.920
<v Speaker 14>used some of the same exact language about going the

0:13:47.960 --> 0:13:50.640
<v Speaker 14>easy way in the hard way on Greenland as with Venezuela,

0:13:50.840 --> 0:13:54.520
<v Speaker 14>that does not reassure European allies at all.

0:13:54.679 --> 0:13:58.120
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<v Speaker 11>Ray