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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today.

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Speaker 2: Karen, we begin with the latest on the tensions in Minneapolis.

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Speaker 2: President Donald Trump says he is looking to de escalate

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Speaker 2: after the killings of two US citizens by federal immigration

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Speaker 2: enforcement agents. The President sent in his borders are Tom

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Speaker 2: Holman to replace Greg Baveno, the Border patrol commander who

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Speaker 2: had been the face of the crackdown. But President Trump

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Speaker 2: says he's not letting up with the enforcement.

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Speaker 4: I don't think it's a pullback. It's a little bit

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Speaker 4: of a change. Everybody in this room that has a business,

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Speaker 4: you know, you make little changes.

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Speaker 5: You know.

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Speaker 4: Bavino's very good, but he's a pretty out there kind

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Speaker 4: of a guy. And in some cases that's good. Maybe

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Speaker 4: it wasn't good here.

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Speaker 2: President Trump tells Fox News he's largely satisfied with how

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Speaker 2: his team has carried out the operation, while acknowledging it

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Speaker 2: may have inflamed tensions. He says Tom Holman has been

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Speaker 2: meeting with Minnesota's governor and the mayor of Minneapolis, and

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Speaker 2: he hears it's going well.

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Speaker 3: But Nathan. There are more signs of tension in Minneapolis.

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Speaker 3: A man attack Minnesota Democrat Ilhan Omar during a town

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Speaker 3: hall as she called for consequences over the aggressive enforcement.

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Speaker 3: The man appeared to squirt some kind of liquid on

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Speaker 3: the congresswoman before security and police tackled him. Omar carried

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Speaker 3: on with her speech.

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Speaker 2: Here's the reality that people like this augument don't understand.

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Speaker 1: We are Minnesota strong, and we will stay with silly

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Speaker 1: and in the face of whatever they might throw at us.

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Speaker 3: And Congressman Ilhan Omar called for ICE to be abolished

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Speaker 3: and for Homeland Security Secretary Christine Nome to resign or

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Speaker 3: be impeached and Karen.

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Speaker 2: Those calls are growing louder on Capitol Hill. Senate Minorti

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Speaker 2: leader Chuck Schumer is adding to the pressure on Secretary Nome.

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Speaker 6: Christineoam is a liar, She's vicious, She's also incompetent. Donald

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Speaker 6: Trump must fire her at once before another American is

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Speaker 6: killed under her watch.

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Speaker 2: Minority Leader Chuck Schumer spoke on the Senate floor. Two

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Speaker 2: Republican Senators, Lisa Murkowski and Tom Tillis also say Nome

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Speaker 2: should step down. Nom has come under criticism for saying

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Speaker 2: the latest shooting victim in Minneapolis, Alex Pretty, brandished a

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Speaker 2: weapon and committed an act of terrorism. Multiple videos show

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Speaker 2: Pretty holding a cell phone before federal agents tackled and

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Speaker 2: shot him. White House Deputy Chief of Staff Stephen Miller

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Speaker 2: says Nome's initial statement was based on reports from Border

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Speaker 2: Patrol agents on the ground. He says they may not

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Speaker 2: have followed the administration's protocols in the lead up to

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Speaker 2: the shooting.

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Speaker 3: Nathan Apples CEO Tim Cook is weighing in on the

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Speaker 3: fatal shooting of ICU nurse Alex Pretty. In a memo

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Speaker 3: on Apple's employee website, Cook said he is heartbroken by

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Speaker 3: the events and called for com Cook added that he

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Speaker 3: discussed the matter with President Trump. Earlier this week, he

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Speaker 3: had come under fire from employees for attending a White

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Speaker 3: House screening of a documentary on First Lady Malania Trump.

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Speaker 3: The evening of the shooting.

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Speaker 2: We turned out to the weather Karen, because frigid temperatures

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Speaker 2: are here to stay and look out. Another winter storm

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Speaker 2: may be brewing. Let's get the latest from Bloomberg meteorologist

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Speaker 2: Craig Gallon.

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Speaker 5: Not again, Craig, Yeah, Nathan, We're watching that very closely.

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Speaker 5: We're starting off with the bitter cold this morning and

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Speaker 5: even colder as we go through the week.

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Speaker 7: Though.

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Speaker 5: Right now, listening to us in Boston, it is thirteen

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Speaker 5: with a windchill of minus three. There are single digit

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Speaker 5: numbers just to the west, a long ninety up in

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Speaker 5: Massachusetts right now Central Park fifteen with a wind chill

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Speaker 5: of four, and down towards DC at Washington National it's eighteen,

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Speaker 5: Dulles seventeen, also with wind chills currently in the single digits.

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Speaker 5: As for that storm, it's developing once again and definitely

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Speaker 5: will form off the mid line of coastline. The question

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Speaker 5: we have right now is whether or not that comes

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Speaker 5: up the coast like it did last weekend, or whether

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Speaker 5: or not I'll get pushed just slightly enough out to

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Speaker 5: see something. We will watch right through the next several days,

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Speaker 5: and we'll talk about it more coming up in just

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Speaker 5: a little bit, Nathan and Karen.

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Speaker 3: All right, that's Bloomberg meteorologist Craig Allen. Thank you, Craig.

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Speaker 3: We'll be checking back with you throughout the morning. We

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Speaker 3: want to turn to the markets now and President Trump

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Speaker 3: well weighing in on the weakness of the dollar. Bloomberg's

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Speaker 3: John Tucker joins us at the very latest, John, good morning.

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Speaker 7: Good morning, Karen. The dollars suffered it's deepest one day

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Speaker 7: drop since last year's tariff rollout, after the President said

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Speaker 7: he didn't think the currency had weakened excessively.

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Speaker 4: No, I think it's great.

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Speaker 8: I've been the value of the dallar.

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Speaker 4: Look at the business we done.

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Speaker 7: We ask former Dallas Fed President Robert Kaplan about the

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Speaker 7: assertion a week dollar makes us goods more attractive.

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Speaker 9: Yes, it is true, a weeker dollar boosts exports. However,

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Speaker 9: we have in the United States has thirty nine trillion

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Speaker 9: of debt on its way to forty trillion plus. And

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Speaker 9: when you have that much debt, I think stability of

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Speaker 9: the currency probably Trump's exports.

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Speaker 7: President Trump seeming a difference to the doll drop is

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Speaker 7: seen by some as another signal to sell the currency

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Speaker 7: and accelerate the quiet quitting of assets like US treasuries

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Speaker 7: in this dollar debasement, pushing gold to a record high

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Speaker 7: dollar dxy down a tenth of a percent This morning,

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Speaker 7: Gold at fifty three twelve an ounce. You know you,

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Speaker 7: York Im, John Tucker, Bloomberg Radio.

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Speaker 2: All right, John, thanks to all this. As the Federal

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Speaker 2: Reserve gets ready to make its first rate decision of

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Speaker 2: the year that's coming up this afternoon, and after three

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Speaker 2: consecutive cuts, the Central Bank is widely expected to leave

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Speaker 2: rates unchanged. We get a preview from Bloomberg's Michael McKee.

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Speaker 10: Today's question for the Fed will it be policy or politics?

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Speaker 10: The central bankers won't be changing the benchmark lending rate,

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Speaker 10: and there's no new dot plot and no new economic forecasts.

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Speaker 10: For the markets, the issue is whether they get any

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Speaker 10: kind of hints about when or if rates will be

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Speaker 10: cut again. But for Washington and Wall Street, the overriding

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Speaker 10: question is what impact President Trump's threats might have had

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Speaker 10: on the Policy Committee and whether they have convinced Jay

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Speaker 10: Powell to stay on as governor when his term as

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Speaker 10: FED chair expires in May. Will Powell repeat his angry

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Speaker 10: response to being subpoened by the Justice Department or will

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Speaker 10: he seek to de escalate any suggestion Paul may stay

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Speaker 10: on to handicap Trump's efforts to control the Fed will

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Speaker 10: have an impact on the rate outlook. Michael McKee, Bloomberg Radio.

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Speaker 2: All right, Mike, thanks to be sure to stay with

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Speaker 2: Bloomberg for full coverage of the FED decision on a

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Speaker 2: special edition of Bloomberg Surveillance starts at one thirty pm

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Speaker 2: Wall Street Time on Bloomberg Radio, Bloomberg Television, and the

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Speaker 2: Bloomberg Podcast channel on YouTube.

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Speaker 3: Earnings Nathan also in focus after the closing bell Microsoft

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Speaker 3: Meta platforms in Tesla. I'll report this afternoon and we

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Speaker 3: get a preview with Bloomberg's Tom Busby.

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Speaker 11: Meta's continued investment into AI infrastructure is key for investors

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Speaker 11: after CEO Mark Zuckerberg vowed to spend six hundred billion

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Speaker 11: dollars on AI projects before the end of this decade,

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Speaker 11: with several data centers already under construction. Also key metas

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Speaker 11: advertising revenue and user data from Facebook, Instagram, and What's App.

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Speaker 11: Bloomberg consensus calls for total revenue of fifty eight point

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Speaker 11: four to one billion dollars for its fourth quarter, on

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Speaker 11: earnings per share of eight dollars nineteen cents. Meantime, Microsoft

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Speaker 11: is expected to report a fifteen percent rise in sales

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Speaker 11: for its second quarter, but also a record thirty six

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Speaker 11: point two billion dollars in just three months on server

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Speaker 11: farms at AI chips to run them, and thanks to

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Speaker 11: expected growth and it's as your cloud computing unit. Bloomberg

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Speaker 11: consensus calls for revenue of eighty point three billion dollars

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Speaker 11: on ernings per share of three dollars ninety two cents.

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Speaker 7: Tom buzzby Bloomberg Radio.

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Speaker 2: All right, Tom, thanks, Tech earnings are and focus overseas

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Speaker 2: as well. We heard from chip machine maker ASML. The

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Speaker 2: Netherlands based company says fourth quarter orders far exceeded analyst expectations,

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Speaker 2: the rapid development of artificial intelligence infrastructures boosting demand for

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Speaker 2: ASML's cutting edge chip making machines. The company also says

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Speaker 2: it plans to cut about seventeen hundred jobs. That represents

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Speaker 2: about four percent of ASML's workforce, and the shares this

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Speaker 2: morning are up nearly five percent.

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Speaker 3: Back here in the day, Snathan another chip maker soaring

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Speaker 3: after releasing earnings. Shares of Texas Instruments are at more

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Speaker 3: than seven percent. That shipmaker gave a robus forecast for

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Speaker 3: the first quarter, indicating that demand for industrial equipment and

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Speaker 3: vehicles is recovering from a rough patch.

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Speaker 2: On the flip side, Karen, shares of luxury retailor LVMH

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Speaker 2: are down more than seven percent. Sales at its key

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Speaker 2: fashion unit fell over the holiday season as the Louis

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Speaker 2: Vatan owner continues to suffer from sluggish demand.

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Speaker 3: Time now for look at some of the other stories

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Speaker 3: making news in New York and around the world, and

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Speaker 3: for that we're joined by Bloomberg's Michael Barr Michael.

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Speaker 8: Good Morning, Good Morning, Karen new Calls to lower the

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Speaker 8: temperature in the Persian Gulf for coming from the United Nations.

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Speaker 8: It comes as President Trump promised pressure around following the

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Speaker 8: violent crackdown on protests within the country. UN Secretary General

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Speaker 8: Antonio Guterres is asking for maximum restraints from all parts

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Speaker 8: parties regarding the escalating tensions in the region. Spokesman Stefond

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Speaker 8: du jark on the arrival of the USS Abraham Lincoln

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Speaker 8: aircraft carrier in the Middle East near Iran's border.

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Speaker 5: The SECRETARYOHN is very concerned, indeed about the reported military

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Speaker 5: build up in the Persian Gulf region.

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Speaker 8: Meanwhile, activists say more than sixty two hundred people have

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Speaker 8: been killed in Iran's crackdown on nationwide protests and many

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Speaker 8: more are feared dead. In North Texas, three young brothers

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Speaker 8: drowned in an icy pond. The boys were only six

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Speaker 8: eight and nine years old. Their mom, Cheyenne Hangeman, says

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Speaker 8: they were playing near upon in Bottom when the ice

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Speaker 8: broke and the boys fell in. Hangman jumped in after

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Speaker 8: them but was unable to get them out. I tried

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Speaker 8: to fight for my kids' life where I had to

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Speaker 8: watch them struggle and drown and I couldn't helped them.

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Speaker 8: First responders and a neighbor pulled them from the freezing water,

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Speaker 8: but they did not survive. A federal judge in New

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Speaker 8: York is holding a hearing today on the future of

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Speaker 8: the city's congestion pricing program, the MTA assuing the Transportation Department,

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Speaker 8: which is trying to shut it down. City leaders say

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Speaker 8: the toll plan is cutting traffic and raising millions. Global

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Speaker 8: news twenty four hours a day and whenever you want

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Speaker 8: it with the Bloomberg News Now Michael Barr and this

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Speaker 8: is Bloomberg Karen.

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Speaker 3: Thanks Michael, All time now for our Bloomberg Sports update,

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Speaker 3: and for that we bring in John stash Hour.

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Speaker 12: Thanks darn It looked like Novak Djokovin is gonna be

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Speaker 12: ousted in the quarterfinals of the Australian Open. Lorenzo Musseti

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Speaker 12: won the first two cents, but in the thirty injured

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Speaker 12: his right thigh had to retire. Jessica Pagoula won her

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Speaker 12: quarterfinal match over fellow American Amanda Anisimova. Nebraska and College

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Speaker 12: Basketball took its twenty and zero record of Michigan, two

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Speaker 12: teams both ranked in the top five. The Wolverines won

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Speaker 12: seventy five seventy two. Ucon beat Providence. The Huskies are

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Speaker 12: twenty and one. That's your Bloomberg Sports update.

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Speaker 3: Stay with us. More from Bloomberg day Break coming up

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Speaker 3: after this.

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Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business Apple. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. After two deadly shootings of

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Speaker 2: US citizens in less than a month, President Donald Trump

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Speaker 2: is looking to a leadership shuffle to turn around a

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Speaker 2: volatile immigration enforcement surge in Minneapolis.

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Speaker 4: We have Tom Holman there now, we put him in there.

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Speaker 4: He's great, and they met with the governor of the

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Speaker 4: mayor everybody else, and well, we're going to de escalate

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Speaker 4: a little bit.

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Speaker 2: I was President Trump speaking to Fox News in Iowa,

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Speaker 2: head of a rally on the economy joining US now

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Speaker 2: as Bloomberg News national security reporter Nick Watdams. So, Nickot's

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Speaker 2: early days now with Tom Homan in Minneapolis. But are

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Speaker 2: we seeing signs the tensions are cooling now?

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Speaker 7: Good morning morning.

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Speaker 10: Yeah.

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Speaker 13: I think what you're seeing right now is President Trump

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Speaker 13: essentially saying he wants to climb down a little bit

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Speaker 13: after the two shootings. I mean, this issue has proven

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Speaker 13: to be so divisive and and you have seen some conservative,

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Speaker 13: some members of Congress, even some members of the MAGA base,

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Speaker 13: particularly on the issue of gun rights, because the second

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Speaker 13: American who was killed, Alex Pretty, was carrying a gun

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Speaker 13: that he was permitted for. So it's a very complicated

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Speaker 13: issue for the president that sort of you see the

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Speaker 13: clash of two of his priorities. Obviously, Republicans have tended

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Speaker 13: to support this very strong immigration crackdown, but there is

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Speaker 13: a sense right now that when you see the federal

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Speaker 13: agents who killed Pretty, and the video evidence suggests that

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Speaker 13: he had already been disarmed by the time he was shot,

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Speaker 13: the president, I mean, it's an extraordinary situation to hear

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Speaker 13: President Donald Trump say he wants to de escalate a

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Speaker 13: little bit in that quote you just played so very

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Speaker 13: much a reflection of where his mind is right now.

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Speaker 2: They have to wonder whether things are de escalating when

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Speaker 2: even with this leadership shuffle, the president is at least

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Speaker 2: for now saying he's standing by his Homeland Security Secretary,

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Speaker 2: Christi Gnolm, who's come under fire for her initial comments

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Speaker 2: about the shooting, and now on Capitol Hill we're hearing

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Speaker 2: even more calls for her to resign.

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Speaker 8: Yeah.

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Speaker 13: I mean again, two very competing interests from the president.

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Speaker 13: One is you may see a certain amount of displeasure

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Speaker 13: from him against Christy Noam, But at the same time

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Speaker 13: it has been very much a policy of his in

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Speaker 13: the second term where he does not want to fire

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Speaker 13: his cabinet secretaries and his top leadership. So in the

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Speaker 13: first term it was basically a carousel of officials. He

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Speaker 13: had several defense secretaries, chiefs of the chief of staff

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Speaker 13: was a rotating job, national security advisor. There was so

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Speaker 13: much turnover, and he got a lot of criticism from that.

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Speaker 13: This time around, he has really almost to a person

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Speaker 13: not fired or replaced anyone in his group because he

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Speaker 13: wants to project an era, an aura of stability. So

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Speaker 13: what you're sort of seeing more is that officials will

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Speaker 13: stay in their posts, but they might get sidelined. We're

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Speaker 13: still waiting to see some evidence of that with Christy Noam,

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Speaker 13: but for the at least, really a determination not to

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Speaker 13: have as high turnover as he had in the first term.

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Speaker 2: And how high can we say tensions are now when

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Speaker 2: we saw these videos just last night of Democratic Congresswoman

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Speaker 2: ilhan Olmar apparently getting attacked at a town hall.

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Speaker 13: Right, so, I mean the immediate tension and anxiety around that,

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Speaker 13: stepped up enforcement action seems to have eased somewhat. You're

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Speaker 13: not seeing the open clashes between protesters and federal agents.

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Speaker 13: They have pulled back a little bit, and you're seeing

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Speaker 13: a lot of conversations between state leaders who were Democrats

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Speaker 13: and the Trump administration. But when you see that ilhan

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Speaker 13: Omar attack, what that really reflects is the much deeper

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Speaker 13: and broader tension and anxiety around her, in particular given

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Speaker 13: the degree to which the administration has vilified her. And

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Speaker 13: I should say, we don't really know much about the

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Speaker 13: person who sprayed that liquid and was involved in that incident,

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Speaker 13: and he ilhan Omar has really been a long time

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Speaker 13: target of the presidents but that also reflects this much

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Speaker 13: broader issue where Congress people have been going out and

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Speaker 13: some are even reluctant to do town halls because the

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Speaker 13: atmosphere is so charged and there is so much tension

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Speaker 13: and anxiety between the right and left in the United States.

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