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Speaker 1: News when you want it. With Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. We begin in Mexico, where a top cartel

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Speaker 1: leader known as Elmencho was killed during a raid carried

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Speaker 1: out by Mexican authorities in the western state of Jalisco.

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Speaker 1: The Jalisco cartel is known for trafficking huge quantities of

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Speaker 1: fentanyl and other drugs to the US, and the killing

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Speaker 1: of the cartel leader fueled clashes and roadblocks. The governor

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Speaker 1: of Jalisco activated a Code RED, which is a protocol

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Speaker 1: for a state of emergency or security crises.

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Speaker 2: Now.

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Speaker 1: The US Embassy in Mexico issued a security alert urging

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Speaker 1: Americans in the affected areas to shelter in place until

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Speaker 1: further notice. Nearly forty million people across the US Northeast,

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Speaker 1: including New York City, are under blizzard warnings. A massive

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Speaker 1: winter storm is threatening snow by the foot and wind

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Speaker 1: gust of up to fifty miles an hour. Here is

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Speaker 1: Bloomberg meteorologist Craig Allen.

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Speaker 2: It is going to be heaviest from about New Jersey

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Speaker 2: and Philmhiladelphia on up towards New York City, Connecticut, Rhode Island,

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Speaker 2: and on up towards Boston. All these areas are under

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Speaker 2: a blizzard warning right through the night tonight and into

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Speaker 2: the mid afternoon hours on Monday. So, knowing that these

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Speaker 2: are the areas that will have the heaviest snow, they

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Speaker 2: will also have the strongest winds and the lowest visibility,

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Speaker 2: I mean, complete white out conditions will be occurring at

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Speaker 2: times from Philadelphia clear on up to New York City

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Speaker 2: and then eventually Boston during the night into tomorrow. That

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Speaker 2: will produce amounts of approximately twelve to eighteen inches of snow.

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Speaker 1: That is Bloomberg Meteorologist Craig Allen. An armed man was

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Speaker 1: shot and killed after entering a secured area at President

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Speaker 1: Trump's Mar A Lago estate. Authority say the man was

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Speaker 1: carrying a gas can and a shotgun when he was

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Speaker 1: confronted by a sheriff's deputy and two Secret Service agents.

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Speaker 1: Here is Palm Beach County Sheriff Rick brad.

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Speaker 3: He was ordered to drop those two pieces of equipment

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Speaker 3: that he had with them, at which time he put

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Speaker 3: down the gas can raised the shotgun to a shooting position.

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Speaker 3: At that point in time, the deputy and the two

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Speaker 3: Secret Service agents fired their weapons.

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Speaker 1: Now President Trump was in Washington, d C. At the

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Speaker 1: time of this incident. Markets in Asia are reacting to

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Speaker 1: the Supreme Court striking down President Trump's use of emergency

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Speaker 1: powers to impose tariffs. The President responded to the defeat

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Speaker 1: by using other powers to impose a global tariff of

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Speaker 1: fifteen percent. However, these tariffs are limited to one hundred

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Speaker 1: and fifty days. At the same time, the Trump administration

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Speaker 1: said trade deals made with China, the EU, Japan, and

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Speaker 1: South Korea do remain in place. Here is US Trade Rep.

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Speaker 1: Jamison Greer on CBS Face the Nation.

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Speaker 4: These deals are going to be good deals. We expect

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Speaker 4: to stand by them. We expect our partners to stand

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Speaker 4: by them. And I haven't heard any one yet come

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Speaker 4: to me and say the deals off. They want to

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Speaker 4: see how this plays out. I'm an active conversation with

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Speaker 4: them on it.

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Speaker 1: That is US Trade Rep. Jamison Greer, speaking on CBS

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Speaker 1: Face the Nation. He went on to say the US

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Speaker 1: is going to have tariffs and the President's policy is

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Speaker 1: going to continue. Earlier on Sunday, Europe's trade chief said

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Speaker 1: he'll propose freezing the EU's ratification of a trade deal

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Speaker 1: with the US until the Trump administration clarifies its policy.

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Speaker 1: At the same time, ECB President Christine Legard said President

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Speaker 1: Trump's latest tariff move risks upsetting the previously negotiated equilibrium

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Speaker 1: between the EU and the US. Here is Leguard speaking

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Speaker 1: on CBS Face the Nation.

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Speaker 5: It's critically important that all people in the trade, both

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Speaker 5: outside of the United States but also in the United States,

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Speaker 5: have clarity about the future of the relationships because you know,

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Speaker 5: it's a bit like driving. You want to know the

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Speaker 5: rules of the rod before you get in the car.

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Speaker 5: It's the same with trade.

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Speaker 1: That is ECB President Christine Legard speaking on CBS Face

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Speaker 1: the Nation. The Trump administration has reversed course on airport

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Speaker 1: security check ins. The TSA will continue to operate the

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Speaker 1: pre check program. Yesterday, the TSA announced a suspension of

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Speaker 1: that program. However, criticism was swift by the way the

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Speaker 1: Global Entry program will remain paused. Now. These are the

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Speaker 1: consequences of a partial government shut down that began last week.

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Speaker 1: Democrats in the White House were unable to reach a

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Speaker 1: deal on legislation to fund The Department of Homeland Security,

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Speaker 1: Immigration and Customs Enforcement is planning to shrink its detention

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Speaker 1: facility network and that could mean a hit to private

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Speaker 1: prison operators, as we hear from Bloomberg's Nathan Hager in Washington.

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Speaker 6: Right now, ICE has detainees and more than two hundred facilities,

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Speaker 6: most of them owned by private prison giants like Geogroup

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Speaker 6: and core Civic, but the agency now plans to shift

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Speaker 6: to a network of thirty four larger sites, mostly industrial warehouses,

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Speaker 6: all owned by the Department of Homeland Security. The move

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Speaker 6: would be a major expansion of immigrant detention. It could

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Speaker 6: also be a blow to the prison industry. Both Geo

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Speaker 6: and Corcivic get close to half their revenue from ICE

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Speaker 6: contracts in Washington. I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: At the Winter Olympic Games, team USA beat Canada two

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Speaker 1: to one in the men's gold medal hockey final. So

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Speaker 1: the medal count at the moment looks like this. Norway

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Speaker 1: leads with forty one, the US is in second place

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Speaker 1: with thirty three, and Italy has thirty And that is

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Speaker 1: news when you want it with Bloomberg News. Now, I'm

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Speaker 1: Doug Prisoner, and this is Bloomberg