1
00:00:00,520 --> 00:00:02,560
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:02,600 --> 00:00:05,520
Speaker 1: Doug Chrisner. We begin in Minnesota, where a woman is

3
00:00:05,600 --> 00:00:08,440
Speaker 1: dead after being shot by an ICE officer during an

4
00:00:08,440 --> 00:00:12,680
Speaker 1: immigration operation in Minneapolis. Now, the Department of Homeland Security

5
00:00:12,800 --> 00:00:16,200
Speaker 1: says the officer fired in self defense as the woman

6
00:00:16,280 --> 00:00:19,639
Speaker 1: tried to run down officers with her vehicle. Here is

7
00:00:19,680 --> 00:00:22,040
Speaker 1: Homeland Security Secretary Christi Nome.

8
00:00:22,360 --> 00:00:25,840
Speaker 2: It's very clear that this individual was harassing and impeding

9
00:00:25,920 --> 00:00:30,240
Speaker 2: law enforcement operations. Our officer followed his training, did exactly

10
00:00:30,360 --> 00:00:33,000
Speaker 2: what he's been taught to do in that situation and

11
00:00:33,080 --> 00:00:37,120
Speaker 2: took actions to defend himself and defend his fellow law

12
00:00:37,159 --> 00:00:38,040
Speaker 2: enforcement officers.

13
00:00:38,360 --> 00:00:42,480
Speaker 1: That is Homeland Security Secretary Christi Nome. Now, Minneapolis Mayor

14
00:00:42,560 --> 00:00:47,159
Speaker 1: Jacob Fryes said the incident was reckless and unnecessary. President

15
00:00:47,159 --> 00:00:50,720
Speaker 1: Trump is moving to ban institutional investors from buying single

16
00:00:50,800 --> 00:00:54,480
Speaker 1: family homes. It shows the president is attempting to address

17
00:00:54,480 --> 00:00:58,560
Speaker 1: housing affordability ahead of this year's midterm elections. Today on

18
00:00:58,640 --> 00:01:01,360
Speaker 1: social media, Trump said he would expand on his plan

19
00:01:01,760 --> 00:01:05,240
Speaker 1: at the World Economic Forum in Davos, Switzerland, later this month.

20
00:01:05,720 --> 00:01:08,720
Speaker 1: Here is Wisconsin Republican Congressman Brian.

21
00:01:08,520 --> 00:01:11,880
Speaker 3: Style far too many people can't afford the homes that

22
00:01:12,040 --> 00:01:15,560
Speaker 3: they could have a generation ago. As we have seen

23
00:01:15,640 --> 00:01:19,920
Speaker 3: interest rates continue to stay high, mortgages are more difficult

24
00:01:19,959 --> 00:01:21,520
Speaker 3: to get into, and we know we have a significant

25
00:01:21,560 --> 00:01:24,679
Speaker 3: supply problem. I look forward to seeing the president's speech

26
00:01:24,680 --> 00:01:27,760
Speaker 3: that he's previewing in that message when he's in Davos

27
00:01:28,120 --> 00:01:29,880
Speaker 3: about exactly what his plan is.

28
00:01:30,080 --> 00:01:32,480
Speaker 1: You can hear more from Brian's style on the Bloomberg

29
00:01:32,520 --> 00:01:36,000
Speaker 1: Balance of Power podcast. Also today, the President said he

30
00:01:36,040 --> 00:01:39,400
Speaker 1: will not permit defense companies to issue dividends or buy

31
00:01:39,400 --> 00:01:43,880
Speaker 1: back stock. Trump cited excessive pay packages for executives, as

32
00:01:43,959 --> 00:01:49,000
Speaker 1: well as unsatisfactory maintenance and delivery of military equipment. Here

33
00:01:49,080 --> 00:01:52,720
Speaker 1: is Palmer Lucky, founder of ANDROL Big Picture.

34
00:01:52,840 --> 00:01:55,040
Speaker 4: If these companies were doing really well and if they

35
00:01:55,080 --> 00:01:57,200
Speaker 4: were living up to their end of the bargain, I

36
00:01:57,200 --> 00:02:00,200
Speaker 4: don't think you would see any action from Trump or

37
00:02:00,200 --> 00:02:02,840
Speaker 4: others on this. It's really a reflection of how many

38
00:02:02,960 --> 00:02:05,160
Speaker 4: problems we have with our defense industrial base.

39
00:02:05,280 --> 00:02:08,840
Speaker 1: That is Palmer Lucky, founder at ADDIRLL, speaking to Bloomberg

40
00:02:08,919 --> 00:02:12,480
Speaker 1: at the CEES in Las Vegas. Incidentally, shares in the

41
00:02:12,520 --> 00:02:16,720
Speaker 1: major defense contractors dropped today. Then after the Bell. President

42
00:02:16,720 --> 00:02:20,040
Speaker 1: Trump threatened to cut ties with Raytheon. Trump said either

43
00:02:20,120 --> 00:02:24,079
Speaker 1: Raytheon steps up and begins investing in more upfront investments

44
00:02:24,200 --> 00:02:27,080
Speaker 1: like plants and equipment, or the company will no longer

45
00:02:27,160 --> 00:02:31,480
Speaker 1: be doing business with the Department of Defense. Separately, Trump

46
00:02:31,480 --> 00:02:34,600
Speaker 1: said he will request an increase in the US military

47
00:02:34,680 --> 00:02:38,079
Speaker 1: budget of five hundred million dollars. Trump said the increase

48
00:02:38,320 --> 00:02:42,160
Speaker 1: is necessary in very troubled and dangerous times to build

49
00:02:42,280 --> 00:02:46,880
Speaker 1: a dream military. US forces seized a Russian flagged oil

50
00:02:46,919 --> 00:02:50,360
Speaker 1: tanker in the North Atlantic today after a weeks long

51
00:02:50,440 --> 00:02:54,000
Speaker 1: pursuit across the Atlantic Ocean, and a second vessel was

52
00:02:54,040 --> 00:02:57,919
Speaker 1: apprehended near the Caribbean Sea. These moves were described as

53
00:02:58,080 --> 00:03:03,160
Speaker 1: enforcement actions tied to the blomecade of Venezuelan oil exports. Separately,

54
00:03:03,200 --> 00:03:06,079
Speaker 1: the Trump administration said the US will seek to control

55
00:03:06,160 --> 00:03:11,480
Speaker 1: Venezuelan oil sales indefinitely. Today, Energy Secretary Chris Wright told

56
00:03:11,480 --> 00:03:15,400
Speaker 1: a Goldman Sachs conference sales would initially come from crude

57
00:03:15,400 --> 00:03:18,840
Speaker 1: held in storage and later from fresh oil production.

58
00:03:19,320 --> 00:03:23,000
Speaker 5: The upside there is huge, but of course this is development.

59
00:03:23,080 --> 00:03:26,360
Speaker 5: This takes time, this takes investment, but I think we

60
00:03:26,400 --> 00:03:29,280
Speaker 5: could get several hundred thousand barrels a day of additional

61
00:03:29,320 --> 00:03:33,480
Speaker 5: production in a short to medium term if the conditions

62
00:03:33,520 --> 00:03:36,320
Speaker 5: are there for just small capital deployments. That is.

63
00:03:36,480 --> 00:03:40,080
Speaker 1: Energy Secretary Chris Wright speaking at a Goldman Sachs Energy

64
00:03:40,120 --> 00:03:43,680
Speaker 1: conference in Miami. Now, the White House indicated the US

65
00:03:43,720 --> 00:03:46,680
Speaker 1: has already begun marketing the crude oil, and we are

66
00:03:46,720 --> 00:03:49,760
Speaker 1: told Chevron is in talks with the US on expanding

67
00:03:49,800 --> 00:03:53,480
Speaker 1: its license in Venezuela. At the same time, today, President

68
00:03:53,520 --> 00:03:56,720
Speaker 1: Trump said on truth Social that Venezuela will use the

69
00:03:56,760 --> 00:04:00,960
Speaker 1: proceeds of these oil sales to purchase America and agricultural

70
00:04:01,000 --> 00:04:06,440
Speaker 1: products and American made medicine. Swing District Republicans are defying

71
00:04:06,520 --> 00:04:10,880
Speaker 1: party leaders and joining Democrats and advancing legislation to revive

72
00:04:11,120 --> 00:04:15,040
Speaker 1: expired subsidies under the Affordable Care Act for three years.

73
00:04:15,360 --> 00:04:19,000
Speaker 1: This procedural vote sets up floor consideration of a clean

74
00:04:19,120 --> 00:04:23,120
Speaker 1: subsidy extension later this week. Here is New York Republican

75
00:04:23,160 --> 00:04:26,200
Speaker 1: Congresswoman Nicole malyotuckis.

76
00:04:25,600 --> 00:04:28,200
Speaker 6: Well, I do believe that there is going to be

77
00:04:28,360 --> 00:04:30,360
Speaker 6: something that has to be done. I think there is

78
00:04:30,400 --> 00:04:33,479
Speaker 6: a consensus from Republicans and Democrats that we want to

79
00:04:33,480 --> 00:04:37,080
Speaker 6: get something done minus the fringes, of course, right, But look,

80
00:04:37,080 --> 00:04:39,400
Speaker 6: the bottom line here is that the Affordable Care Act

81
00:04:39,520 --> 00:04:43,200
Speaker 6: was never affordable. Premiums went up, profits went up, but

82
00:04:43,279 --> 00:04:46,360
Speaker 6: yet the patient and the taxpayer were left hold in

83
00:04:46,400 --> 00:04:46,760
Speaker 6: the bag.

84
00:04:47,240 --> 00:04:51,600
Speaker 1: That is New York Republican Congresswoman Nicole malyotackis now passage

85
00:04:51,600 --> 00:04:54,440
Speaker 1: in the House of Representatives appears likely, and that would

86
00:04:54,480 --> 00:04:57,960
Speaker 1: increase pressure on both the White House and Senate lawmakers

87
00:04:58,000 --> 00:05:01,600
Speaker 1: to reach a bipartisan deal to revive those tax credits.

88
00:05:01,960 --> 00:05:04,080
Speaker 1: And that is news when you want it. With Bloomberg

89
00:05:04,120 --> 00:05:06,640
Speaker 1: News Now, I'm Doug Krisner, and this is Bloomberg