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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 4: Karen, we began with a powerful winter storm that pounded

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Speaker 4: a large part of the country. For the very latest

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Speaker 4: we bring in Bloomberg meteorologist Craig Allen, Craig tell us

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Speaker 4: it's over.

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Speaker 5: Yes, Nathan, it's basically over. The core of the storm

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Speaker 5: is over. The main precipitation in the form of snow, sleet,

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Speaker 5: and ice, is continuing over upstate New York and across

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Speaker 5: portions of Maine. Boston is still under a winter storm

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Speaker 5: warning this morning because of leftover ice, in other words,

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Speaker 5: a little bit of freezing rain and freezing drizzle Washington,

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Speaker 5: d C as well the New York City area. There's

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Speaker 5: nothing more right now than a cold weather advisory. Same

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Speaker 5: thing on down towards Washington, d C. The problem here

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Speaker 5: is that whatever we picked up over the weekend is

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Speaker 5: not going anywhere fast. It was approximately a five to

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Speaker 5: ten inch snowfall for DC and Baltimore, ten to fifteen

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Speaker 5: as you know around New York City, and fifteen to

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Speaker 5: twenty up towards Boston and there were some sections of

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Speaker 5: New England that picked up over twenty inches of snow,

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Speaker 5: came close to about two feet. So now you've got

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Speaker 5: this ice that's sitting on top of the snow, and

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Speaker 5: it's just going to get harder and harder to move.

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Speaker 5: So any kind of clearing during the day today or

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Speaker 5: the next several days is going to be very, very tough.

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Speaker 3: All right, Bloomberg meteorologist Craig Allen, thank you. Of course,

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Speaker 3: we'll be checking in with you throughout the morning, and travel,

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Speaker 3: particularly through the air, continues to be a major headache

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Speaker 3: this morning. Bloomberg's Lisa Matteo continues our team coverage in

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Speaker 3: New York. Lisa, good morning, Yeah.

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Speaker 6: Good morning, Karen. Airlines in the US, they are just

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Speaker 6: trying to get their schedules back on track, but it

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Speaker 6: is a top bottle ahead. After that winter storm. It

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Speaker 6: caused the most flight cancelations since the pandemic. Now, according

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Speaker 6: to flight Aware, more than thirty six hundred flights they

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Speaker 6: were canceled as of this morning, and that's down from

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Speaker 6: the roughly eleven six hundred cancelations on Sunday. You have

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Speaker 6: airlines like United, Jet, Blue, Delta, they've all said they're

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Speaker 6: looking to get back up and running.

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Speaker 7: But as you've been hearing from Craig Allen.

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Speaker 6: The extremely cold air, icy conditions at airports, along the

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Speaker 6: roads and highways, that's going to continue to make travel difficult.

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Speaker 6: US power grids they're also being put to the test.

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Speaker 6: More than eight hundred thousand homes and businesses nationwide have

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Speaker 6: been without electricity in New York. Lisa Matteo, Bloomberg Radio.

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Speaker 4: All right, Lisa, thank you well. Now we want to

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Speaker 4: get to the latest from Minnesota, where two very different

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Speaker 4: messages are emerging after a Border Patrol agent killed an

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Speaker 4: ICU nurse in Minneapolis over the weekend. Democratic Governor Tim

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Speaker 4: Waltz is renewing his call for ICE agents to leave

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Speaker 4: his state after the shooting death of Alex Preddy.

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Speaker 8: What side do you want to be on the side

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Speaker 8: of an all powerful federal government that can kill, injure

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Speaker 8: menace and kidnapped citizens off the streets, or on the

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Speaker 8: side of a nurse at the VA hospital who died

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Speaker 8: bearing witness to such government.

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Speaker 4: Minnesota Governor Tim Waltz is accusing federal authorities of selling

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Speaker 4: Pretty's name by saying he brandished a weapon and violently

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Speaker 4: resisted attempts to disarm him. Border Patrol Commander at Large

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Speaker 4: Greg Bovino says the investigation will continue.

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Speaker 9: I wasn't there wrestling that assaulted subject, that was assaulting

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Speaker 9: Border Patrol agents.

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Speaker 4: I wasn't there wrestling him myself, so I'm not going

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Speaker 4: to speculate. Border Patrol Commander Greg Bovino and Governor Tim

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Speaker 4: Waltz held competing news conferences yesterday. Video shot by bystanders

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Speaker 4: showed Pretty with a phone in his hand as he

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Speaker 4: stepped between an agent and a woman on the street.

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Speaker 4: During the scuffle, agents appeared to find a nine millimeter

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Speaker 4: semi automatic handgun on Pretty, then open fire after he

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Speaker 4: was disarmed. Pretty was licensed to carry a concealed weapon Nathan.

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Speaker 3: After Pretty's killing, more than sixty CEOs of Minnesota based

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Speaker 3: companies are calling for an immediate de escalation of tensions

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Speaker 3: between federal, state and localist way. The Minnesota Chamber of

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Speaker 3: Commerce shared a letter signed by chief executives from Target,

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Speaker 3: Best Buy, Landa Lakes, Cargil, General Mills, United Health, the

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Speaker 3: Minnesota Vikings, and Timberwolves. The letter says Minnesota's business community

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Speaker 3: has been working every day behind the scenes with authorities

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Speaker 3: to advance real solutions, and.

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Speaker 4: The shooting is reverberating in Washington, Karen. Senate Democrats, led

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Speaker 4: by Chuck Schumer, are calling for Department of Homeland Security

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Speaker 4: funds to be stripped out of a giant funding package

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Speaker 4: that has to pass by the end of the week

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Speaker 4: to prevent a government shutdown. Democratic Senator Amy Klobashar of

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Speaker 4: Minnesota says she won't support the bill as is.

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Speaker 10: We must have transparent investigations not only of the shooting

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Speaker 10: of alex Pride, but of course the shooting of Renee Good,

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Speaker 10: two people with no criminal record.

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Speaker 4: Senator Amy Klobashar appeared on NBC's Meet the Press, heard

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Speaker 4: Sundays on Bloomberg Radio. Senate Republicans plan to reject democrats

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Speaker 4: demands and pass the bill as is. And while they

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Speaker 4: have shown support for I and the Border Patrol before

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Speaker 4: that support maybe wavering. House Oversight Chairman James Comer is

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Speaker 4: suggesting the President Trump send agents to another city and

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Speaker 4: let Minneapolis decide how to proceed on immigration. Several other

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Speaker 4: Republicans are calling for a full investigation into alex Pretty's shooting.

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Speaker 3: Well it's turned a foreign policy now, Nathan. President Trump's

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Speaker 3: latest tariff threats could impact trade with Canada and Mexico,

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Speaker 3: and Bloomberg's Monica Rix explains.

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Speaker 11: Why President Trump threatened Canada with one hundred percent tariffs

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Speaker 11: this weekend if it reaches a trade deal with China

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Speaker 11: that would slash tariffs on Chinese electric cars in exchange

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Speaker 11: for lower tariffs on Canadian farm products. Treasury Secretary Scott

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Speaker 11: Besson slammed it too.

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Speaker 8: We count like Canada would come an opening that the

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Speaker 8: Chinese pour their cheap goods into the US.

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Speaker 11: Besson on ABC's This Week A deal between Canada and

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Speaker 11: China could mean months of all little talks as the US, Canada,

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Speaker 11: and Mexico prepared to review their trade pack this summer.

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Speaker 11: Many goods under that agreement are tariff free. Monica Ricks

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Speaker 11: Bloomberg Radio, All.

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Speaker 4: Right, Monica, thank you. Turning to the markets now, the

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Speaker 4: dollar is weakening and gold is once again soaring to

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Speaker 4: new heights. Let's bring in Bloomberg's John Tucker with more John.

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Speaker 2: Yeah, Nathan.

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Speaker 12: Gold smashing through five thousand dollars in ounce right now

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Speaker 12: fifty one nineteen. It is being fed by President Trump's

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Speaker 12: reshaping of international relations. Gold's dramatic gains underscores historic role

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Speaker 12: as a gauge of fear in the markets. Now fresh

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Speaker 12: from its best annual performance since nineteen seventy nine, it's

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Speaker 12: risen about eighteen percent so far. This here largely due

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Speaker 12: to the so called debasement trade, a swelling public debt

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Speaker 12: that has become another key pillar of Gold's rally. Meantime,

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Speaker 12: the dollar has fallen almost two percent in six sessions.

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Speaker 12: There is speculation the US may assist Japan in efforts

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Speaker 12: to boost the end and this is just adding to

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Speaker 12: worries over federal reserve independence and President Trump's erratic policy making.

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Speaker 12: Silver also spiking to a record. It was above one

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Speaker 12: hundred and ten dollars an ounce, gaining for a third day.

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Speaker 12: In New York Ime John Tucker Bloomberg Radio, All right.

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Speaker 3: John, thank you. Meanwhile, Wall Street's focus shifts to tech

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Speaker 3: earnings this week, and we get a preview with Bloomberg's

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Speaker 3: Charlie Pellett.

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Speaker 2: Meta Platforms and mag seven peers, Apple, Tesla, and Microsoft

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Speaker 2: will once again be scrutinized for how well their heavy

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Speaker 2: AI spending is translating into profits. Bob Dahl is the

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Speaker 2: CIO of Crossmark Global.

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Speaker 13: As long as Earning's expectations continue.

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Speaker 4: To move higher, which they have been, and the FED

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Speaker 4: is that worst neutral may be positive for the markets.

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Speaker 7: Stock's going to be fine.

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Speaker 2: Also reporting this week, Defense names RTX, lockeed Martin, and

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Speaker 2: Northrop Grumman, and we'll be hearing from GM, UPS, IBM,

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Speaker 2: and Starbucks in New York. Charlie Pellett's Bloomberg Radio.

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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 rejoine by Bloomberg's Michael Barr.

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Speaker 14: Michael, good morning, Good morning Karen. There appears to be

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Speaker 14: some movement in the two week old strike with the

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Speaker 14: New York City nurses. The New York State Nurses Association

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Speaker 14: says they are close to an agreement on maintaining health

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Speaker 14: benefits at two hospitals. The nurses union says Mount Sinai

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Speaker 14: and New York Presbyterian have agreed to keep the nurses

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Speaker 14: current health plan. Montefior Hospital System says healthcare benefits were

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Speaker 14: never on the bargaining table. The man credited with helping

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Speaker 14: to eradicate smallpox has died. Doctor William Fagy, led the

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Speaker 14: CDC in the late seventies and early eighties and helped

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Speaker 14: found the Task Force for Global Health. But his real

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Speaker 14: legacy lives on in the fact that he ripped the

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Speaker 14: world of smallpox. Editor at large for KFF Health, doctor

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Speaker 14: Celine Gounder called him a giant of public health.

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Speaker 9: What set Bill Fagie apart wasn't just his brilliance, it

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Speaker 9: was his optimism. He believed that even the hardest problems

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Speaker 9: could be solved, not through wishful thinking, but through action,

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Speaker 9: through facing uncomfortable facts early, trusting science, and sticking with

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Speaker 9: the work even when things looked worse before they got better.

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Speaker 14: The kff's doctor Seline Gownder doctor William Fegi was eighty nine.

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Speaker 14: Ukrainian President Voladimir Zelenski set a security agreement with the

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Speaker 14: US as one hundred percent ready. Zelenski said Ukraine is

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Speaker 14: waiting for its partners to set a signing date. Speaking

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Speaker 14: Sunday at trilateral talks with Russia and the US in

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Speaker 14: Abu Dhabi, Zelenski emphasized Ukraine's push for European Union membership

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Speaker 14: by twenty twenty seven as an economic security guarantee. He

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Speaker 14: also acknowledged fundamental differences with Russia over territorial integrity. Despite

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Speaker 14: brutally cold weather, thousands in Raleigh, North Carolina, turned out

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Speaker 14: this weekend to the state capitol to see Buddhist monks

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Speaker 14: during their Walk for Peace stop this weekend. Thousands of

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Speaker 14: people were eager to see the monks walk for peace.

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Speaker 7: Just knew that this was something that I felt like

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Speaker 7: I needed to do. I'm gonna get all.

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Speaker 14: Emotional digits were in the teens, but fans say the

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Speaker 14: message of peace was important to hear. Global news twenty

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Speaker 14: four hours a day and whenever you want it with

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Speaker 14: Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg Karen.

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Speaker 2: Thanks Michael.

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Speaker 3: Time now for our Bloomberg Sports update, and for that

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Speaker 3: we bring in John stash Hour.

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Speaker 13: Thanks Karen'll be the Patriots and the Seahawks in Super

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Speaker 13: Bowl sixty, New England won ten to seventh and Denver

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Speaker 13: game played in a second half driving snowstorm. Broncos had

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Speaker 13: to play without their starting quarterback Bow Nicks. Jared Stidham

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Speaker 13: had an early touchdown pass but across the football and

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Speaker 13: a late interception. The Seahawks beat the Rams thirty one

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Speaker 13: to twenty seven. Both quarterbacks Matthew Stafford and Sam Darnold

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Speaker 13: through three touchdown passes. Scottie Scheffler starts the year by

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Speaker 13: winning the American Express Golf by four shots. That's your

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Speaker 13: Bloomberg Sports update.

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Speaker 7: Stay with us.

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Speaker 3: More from Bloomberg day Break coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak and.

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Speaker 3: It's five fourteen on Wall Street. Good Morning, I'm Karen

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Speaker 3: Moscow alongside Nathan Hager, and a massive winter storm dump sleet,

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Speaker 3: freezing rain and snow across much of the US, and

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Speaker 3: we want to get the very latest. It's Bloomberg Meteorologist

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Speaker 3: Rob Carolyn Rob Good morning. Is the worst of the

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Speaker 3: storm behind us?

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Speaker 15: Yes, it is, Karen. The storm system now moving off

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Speaker 15: the coast of New England and out into the Atlantic.

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Speaker 15: The good news is the really heavy snow we were

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Speaker 15: looking at yesterday and last night from parts in the

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Speaker 15: Mid Atlantic States through the Northeast has ended. There's some

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Speaker 15: residual snow right now over northern New York State, northern

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Speaker 15: New England that will continue to fall today. A little

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Speaker 15: bit of light snow over portions of southern New England

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Speaker 15: later on this morning and into the afternoon, but the

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Speaker 15: bulk of the accumulating snow is done, as is the

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Speaker 15: sleet and freezing rain. Still have a little bit of

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Speaker 15: freezing drizzles to miss this morning down over some of

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Speaker 15: the higher areas in western North and South Carolina, so

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Speaker 15: it's still slippery there, but the conditions across the southeast

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Speaker 15: will improve today as the coal front moves offshore and

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Speaker 15: the precipitation heads out into the Atlantic.

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Speaker 3: Rob can we talk about some of those accumulations. What

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Speaker 3: areas were heard ast hit well?

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Speaker 15: Outside southern New England. That's where we've seen the highest

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Speaker 15: amount so far, Karen into the areas to the north

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Speaker 15: of New York City. Boston reporting sixteen point seven inches

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Speaker 15: of snow at Logan Airport. Central Park was just under

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Speaker 15: twelve inches of snow and sleet. The Washington area we

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Speaker 15: saw anywhere from six to ten inches of snow and sleet.

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Speaker 15: And the real big problem in the south central United

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Speaker 15: States was over an inch of freezing rain falling in

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Speaker 15: parts of Mississippi. The problems around Oxford and Holly Springs

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Speaker 15: really bad. There's also been some icing over northeastern Georgia

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Speaker 15: and the western Carolinas.

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Speaker 3: And what about the dig out and a possible thaw.

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Speaker 3: Are we going to get any relief.

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Speaker 15: There's no thaw in sight, and that includes all of

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Speaker 15: the areas down into Texas, the Gulf Coast, North Florida.

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Speaker 15: We're looking at cold weather advisories and cold extreme cold

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Speaker 15: weather warnings in effect all the way as far south

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Speaker 15: as brown Brownsville, Texas, Pensacola, Panama City, and then we

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Speaker 15: have them into the eastern United States as well. It

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Speaker 15: looks like temperatures are going to remain below normal east

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Speaker 15: of the Rockies for the entire week.

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Speaker 3: All right, Well, Bloomberg meteorologist Rob Carolyn will be sure

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Speaker 3: to keep in touch with you then throughout the week.

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Speaker 3: Thank you so much, Nathan.

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Speaker 4: All right, Karen, thank you. And along with the deep freeze,

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Speaker 4: deep tensions are settling in in Minnesota. After another deadly

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Speaker 4: shooting of a US citizen during immigration enforcement in Minneapolis,

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Speaker 4: Minnesota Governor Tim Waltz says he has a message for

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Speaker 4: President Trump after the killing of Alex Pretty.

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Speaker 8: We believe in law and order in the state. We

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Speaker 8: believe in peace and we believe that Donald Trump needs

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Speaker 8: to pull these three thousand untrained agents out of Minnesota

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Speaker 8: before they kill another person.

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Speaker 4: That was Minnesota Governor Tim Walt's at a news conference yesterday.

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Speaker 4: And for more, we're joined by Bloomberg Suzanne Lynch. Suzanne,

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Speaker 4: good morning. We've been hearing very different narratives about what

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Speaker 4: happened on Saturday and a lot of video being shared

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Speaker 4: by bystanders. So what do we know about this latest

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Speaker 4: shooting in Minneapolis?

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Speaker 7: Good morning, good morning.

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Speaker 16: Well, what we do know is that there is growing

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Speaker 16: public disquiet and public outrage about what's happening in Minneapolis

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Speaker 16: now with the second death there at the hand of

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Speaker 16: federal agents. And I think it's significant politically because we

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Speaker 16: are seeing a number of Republicans coming out and criticizing

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Speaker 16: the administration about these actions.

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Speaker 7: Now.

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Speaker 16: Look, it's important to stress it's not a full break

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Speaker 16: with Donald Trump on this issue, but we have heard

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Speaker 16: some voices on the Republican side criticizing or at least

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Speaker 16: asking for more clarity on what happened. So we've got

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Speaker 16: people like the New York Republican Andrew Garberino. The he's

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Speaker 16: the chair of the Householdland Security Panel, an important committee

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Speaker 16: has requested public testimony from top immigration officials on this.

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Speaker 16: Other Republicans you know, who've, in fairness, have already broken

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Speaker 16: with Trump on some matters, have again expressed their views

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Speaker 16: on this. So the Texan Republican Michael McCall, he said,

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Speaker 16: we need to get to the bottom of these incidents

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Speaker 16: to maintain Americans confidence in our justice system. So, really

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Speaker 16: this is emerging as a serious political headache for the administration.

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Speaker 4: Well, have we gotten any response from the Trump administration,

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Speaker 4: from President Trump himself to some of these calls from

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Speaker 4: congressional Republicans.

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Speaker 7: Yeah.

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Speaker 16: So on Sunday, the President did a short interview with

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Speaker 16: the Wall Street Journal. Now he did not say he

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Speaker 16: did not take a stance on whether he think the

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Speaker 16: federal agents were right in their actions, but he said

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Speaker 16: they were going to get to the bottom of this,

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Speaker 16: and he said everything would be looked into. Now, I

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Speaker 16: think this is an indication that Donald Trump wanted to

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Speaker 16: come out publicly on this and try and perhaps quell

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Speaker 16: some of the growing disquiet over this issue. Now, whether

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Speaker 16: that will be enough to plaic hay things politically, Let's see,

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Speaker 16: Because we've had a lot of statements from members of

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Speaker 16: his administration calling out blaming this victim, this man, for

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Speaker 16: what happened. Donald Trump obviously moving back from that in

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Speaker 16: some way in those comments to the Wall Street Journal Sunday.

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Speaker 4: Well to that point, we heard, at least the initial

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Speaker 4: response to this shooting that the person there, Alex Pretty,

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Speaker 4: violently resisted agents, that he brandished a firearm. There's some

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Speaker 4: questions about that as well, in terms of what we

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Speaker 4: saw in the video, apparently showing a phone as he

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Speaker 4: sipped stood between agents and a woman. But what does

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Speaker 4: this mean for the gun debate in Washington, d C.

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Speaker 4: This idea that Alex Pretty, as far as we understand,

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Speaker 4: was licensed to carry a concealed weapon in Minnesota.

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Speaker 16: Yeah, it's been quite fascinating because the n or the

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Speaker 16: National Rifle Association had come out out and called for

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Speaker 16: a full investigation into this incident, arguing that Americans do

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Speaker 16: have the right and this man, it seems, was lawfully allowed,

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Speaker 16: permitted to carry this weapon and they should not be

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Speaker 16: shot at.

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Speaker 7: And targeted for this reason.

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Speaker 16: So you've got this extraordinary confluence now of different political

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Speaker 16: perspectives calling for further investigation into this incident. The gun

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Speaker 16: right lobby is not happy, they say that you know,

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Speaker 16: they're making the argument that just because someone carries a

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Speaker 16: gun doesn't mean that they pose a danger, and that's

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Speaker 16: one of the central premises of this right to bear

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Speaker 16: arms as they see it in the United States. So

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Speaker 16: you know, people who carry guns should not be risked

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Speaker 16: being lawfully shot by officers saying that this is dangerous

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Speaker 16: and wrong. So I think this political impulse is also

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Speaker 16: we can imagine weighing on minds in the White House

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Speaker 16: as they decide how to handle this. And as you said,

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Speaker 16: they're the videos here are the key issue. You know,

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Speaker 16: it's been said and you humorous time on talk should

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Speaker 16: over the day on Sunday that you know, American people,

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Speaker 16: many of whom, by the way, are at home because

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Speaker 16: of the snowstorms, watching this constantly, can see with their

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Speaker 16: own eyes from these videos what happened, and they're being

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Speaker 16: told something else by members of the Trump administration. So

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Speaker 16: this is inherently problematic now for the White House. So

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Speaker 16: it'll be interesting to see how they come out on

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Speaker 16: this this morning.

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Speaker 4: And to your point about some of the rhetoric we're

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Speaker 4: hearing from the Sunday political shows, more talk about potentially

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Speaker 4: not voting for this massive government funding bill that's supposed

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Speaker 4: to avert a government shut down by the end of

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Speaker 4: the week. Democrats are saying that they won't vote for

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Speaker 4: it unless it strips out funding for the Department of

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Speaker 4: Homeland Security, ICE and the border patrol. Are we staring

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Speaker 4: down the possibility of a government shut down at the

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Speaker 4: end of the week.

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Speaker 16: Possibly, I mean this is adding to this sense of

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Speaker 16: instability now as we enter the week.

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Speaker 7: So Democrats, as you say.

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Speaker 16: There, are demanding that they split off the funding for

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Speaker 16: the DHS and pass the rest of this huge funding

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Speaker 16: package to avoid a shutdown at the end of the week.

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Speaker 7: Now, Senate Republican.

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Speaker 16: Leaders have indicated that that's not going to happen, that

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Speaker 16: they still believe they're going to try and pass the

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Speaker 16: full spending package that includes money for ICE and border control.

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Speaker 16: In that now the votes in the Senate are not

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Speaker 16: you'd start until Tuesday evening due to this snowstorm. Let's

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Speaker 16: see how this pans out. But it undoubtedly another pressure

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Speaker 16: point and that's coming to bear here as we entered

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Speaker 16: the week.

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Speaker 4: In our last minute, here Susan, what else should we

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Speaker 4: be watching for in the days to come? As apparently

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Speaker 4: this immigration enforcement surge in Minneapolis continues.

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Speaker 16: Yeah, I think it was interesting hearing from Donald Trump,

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Speaker 16: as I said, is brief interview with the World Street Journal.

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Speaker 16: But he did kind of hint that, you know, these

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Speaker 16: officers would not be in Minneapolis forever the way he

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Speaker 16: put it. So, you know, are we going to see

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Speaker 16: a move by the US President, by by his officials

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Speaker 16: to move out some of the federal law enforcement officials

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Speaker 16: from the city where things are obviously getting and continuing

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Speaker 16: to be so tense.

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Speaker 7: Now, that could be.

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Speaker 16: A move to divert attention to other states. Donald trumpet

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Speaker 16: for example, it's talking about California, for example, and some

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Speaker 16: of what he says is the corruption there, for example.

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Speaker 16: So let's see if this is just a diversion strategy

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Speaker 16: by the administration.

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