1 00:00:01,080 --> 00:00:04,000 Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner. 2 00:00:04,320 --> 00:00:07,840 Speaker 1: Two Senate Republicans are calling for the dismissal of Homeland 3 00:00:07,880 --> 00:00:12,680 Speaker 1: Security Secretary Christy Nome after two deadly shootings by immigration 4 00:00:12,800 --> 00:00:17,200 Speaker 1: officers in Minnesota. Senators Lisa Murkowski and Tom Tillis both 5 00:00:17,239 --> 00:00:21,759 Speaker 1: criticized Nome. Murkowski said nomes rhetoric was not helpful when 6 00:00:21,800 --> 00:00:25,479 Speaker 1: she said the person shot on Saturday Alex pretty committed 7 00:00:25,520 --> 00:00:28,920 Speaker 1: an act of domestic terrorism, while Tilla said he had 8 00:00:28,960 --> 00:00:30,200 Speaker 1: no confidence in Nome. 9 00:00:30,720 --> 00:00:32,720 Speaker 2: I think if Noam looks at her body of work, 10 00:00:33,240 --> 00:00:34,839 Speaker 2: I could not be if I were in her position. 11 00:00:34,960 --> 00:00:36,839 Speaker 2: I can't think of any point of pride over the 12 00:00:36,880 --> 00:00:39,159 Speaker 2: last year. She's got to make her own decision, as 13 00:00:39,200 --> 00:00:42,440 Speaker 2: the President does, but she has taken this administration into 14 00:00:42,479 --> 00:00:44,120 Speaker 2: the ground or an issue that we should awn. 15 00:00:44,560 --> 00:00:47,000 Speaker 1: Earlier in the day, President Trump said he was not 16 00:00:47,120 --> 00:00:49,760 Speaker 1: planning to remove Nome, saying she is doing a very 17 00:00:49,800 --> 00:00:54,120 Speaker 1: good job and that the border is totally secure. President 18 00:00:54,120 --> 00:00:56,880 Speaker 1: Trump is in Iowa today, where he delivered a speech 19 00:00:56,960 --> 00:01:00,840 Speaker 1: touting his administration's accomplishments on them economy. 20 00:01:01,440 --> 00:01:05,680 Speaker 3: So under my leadership, economic growth is exploding to numbers 21 00:01:05,760 --> 00:01:09,000 Speaker 3: unheard of. They've never had them before in recent times 22 00:01:09,040 --> 00:01:12,399 Speaker 3: and now and we're just getting started, you know, the great, big, 23 00:01:12,440 --> 00:01:16,040 Speaker 3: beautiful bill, which is no tax on tips, no tax 24 00:01:16,080 --> 00:01:20,600 Speaker 3: on overtime, no tax on Social Security for our seniors. 25 00:01:20,640 --> 00:01:23,400 Speaker 1: Do we have any seniors in yere now? President Trump's 26 00:01:23,400 --> 00:01:25,880 Speaker 1: address comes on the same day he said he is 27 00:01:25,959 --> 00:01:29,840 Speaker 1: looking to de escalate the situation in Minnesota. Earlier, the 28 00:01:29,880 --> 00:01:34,800 Speaker 1: President reshuffled the leadership running his deportation effort in the state. Borders. 29 00:01:34,840 --> 00:01:38,440 Speaker 1: Our Tom Homan will now lead the immigration crackdown in Minnesota. 30 00:01:38,520 --> 00:01:42,600 Speaker 1: He'll replace Greg Bovino, the US Border Patrol commander who 31 00:01:42,680 --> 00:01:46,959 Speaker 1: was previously leading this crackdown. And despite these changes, Trump 32 00:01:47,000 --> 00:01:49,280 Speaker 1: denied he was going to pull back. Here is Trump 33 00:01:49,320 --> 00:01:50,480 Speaker 1: speaking to Fox News. 34 00:01:50,920 --> 00:01:52,800 Speaker 4: It's a little bit of a change. Everybody in this 35 00:01:52,920 --> 00:01:55,320 Speaker 4: room that has a business, you know, you make little changes. 36 00:01:55,720 --> 00:01:55,920 Speaker 5: You know. 37 00:01:55,960 --> 00:01:58,800 Speaker 4: Bovino is very good, but he's a pretty out there 38 00:01:58,880 --> 00:02:00,760 Speaker 4: kind of a guy. And in some case that's good. 39 00:02:00,760 --> 00:02:03,520 Speaker 4: Maybe it wasn't good here. But you have to understand. One, 40 00:02:03,560 --> 00:02:05,559 Speaker 4: I watched some of the people that I've been watching 41 00:02:05,600 --> 00:02:08,600 Speaker 4: over the last few weeks. These are paid insurrectionists. 42 00:02:08,880 --> 00:02:12,720 Speaker 1: President Trump speaking earlier on Fox News. Meantime, a man 43 00:02:12,840 --> 00:02:15,560 Speaker 1: was tackled to the ground this evening after sprying an 44 00:02:15,639 --> 00:02:19,919 Speaker 1: unknown substance on US Representative Ilhan Omar at a town 45 00:02:20,000 --> 00:02:23,920 Speaker 1: hall she was hosting in Minneapolis. Omar continued after the 46 00:02:23,960 --> 00:02:26,680 Speaker 1: man was ushered out of the room. But just before 47 00:02:26,720 --> 00:02:30,000 Speaker 1: the incident, Omar had called for the abolishment of US 48 00:02:30,120 --> 00:02:33,960 Speaker 1: Immigration and Customs enforcement, and she called for the resignation 49 00:02:34,160 --> 00:02:38,040 Speaker 1: of Homeland Security Secretary Christy nom There were massive moves 50 00:02:38,040 --> 00:02:41,040 Speaker 1: in the currency market today. The dollars sold off, suffering 51 00:02:41,080 --> 00:02:44,720 Speaker 1: its largest one day drop since April. President Trump said 52 00:02:44,919 --> 00:02:46,840 Speaker 1: he did not think the value of the dollar had 53 00:02:46,840 --> 00:02:49,799 Speaker 1: declined too much. We had the Bloomberg Dollar Spot Index 54 00:02:49,880 --> 00:02:53,079 Speaker 1: dropping by more than one percent. We moved to company 55 00:02:53,120 --> 00:02:56,440 Speaker 1: news next after the bell. Texas Instruments gave a strong 56 00:02:56,520 --> 00:02:59,760 Speaker 1: revenue forecast for the current period. This indicates demand for 57 00:02:59,800 --> 00:03:03,519 Speaker 1: an industrial equipment and vehicles is beginning to rebound. We 58 00:03:03,639 --> 00:03:08,359 Speaker 1: got reaction from Jay Goldberg, senior analyst at Seaport Research Partners. 59 00:03:09,080 --> 00:03:12,320 Speaker 5: So Texan is a stock a company that runs at 60 00:03:12,360 --> 00:03:15,760 Speaker 5: stock deliberately boring, like they want to be as boring 61 00:03:15,760 --> 00:03:18,359 Speaker 5: as possible. So a little bit of a beat here 62 00:03:18,520 --> 00:03:21,960 Speaker 5: is actually pretty significant. I don't want to overdo it, 63 00:03:22,000 --> 00:03:25,240 Speaker 5: but it's good news right for Texan, you know, one 64 00:03:25,280 --> 00:03:29,120 Speaker 5: hundred million dollars over expectations is a good number. EPs 65 00:03:29,160 --> 00:03:30,720 Speaker 5: also looks a little bit higher than consensus too. 66 00:03:30,880 --> 00:03:34,520 Speaker 1: Jay Goldberg, their senior analyst at Seaport Research Partners, shares 67 00:03:34,600 --> 00:03:37,880 Speaker 1: in Texas Instruments up by more than eight percent in 68 00:03:37,960 --> 00:03:41,280 Speaker 1: late US trading. Wall Street is bracing for a slew 69 00:03:41,360 --> 00:03:43,800 Speaker 1: of big tech earnings over the next couple of days. 70 00:03:44,120 --> 00:03:47,840 Speaker 1: Tomorrow we'll hear from Tesla, Microsoft, and Meta Platforms. Then 71 00:03:47,880 --> 00:03:52,520 Speaker 1: on Thursday, Apple will report. Paisley Nardini is portfolio manager 72 00:03:52,600 --> 00:03:54,360 Speaker 1: at Simplify Asset Management. 73 00:03:55,000 --> 00:03:56,600 Speaker 6: The earnings that we're about to find out over the 74 00:03:56,680 --> 00:03:59,040 Speaker 6: next forty eight hours could be quite strong to the upside. 75 00:03:59,040 --> 00:04:02,680 Speaker 6: We could continue this trajectory of higher for longer as 76 00:04:02,720 --> 00:04:05,360 Speaker 6: it relates to the technology sector, But what if that 77 00:04:05,400 --> 00:04:07,160 Speaker 6: doesn't play out? And I think there's a lot of 78 00:04:07,160 --> 00:04:09,800 Speaker 6: catalysts as to why a lot of this capax expenditure. 79 00:04:09,920 --> 00:04:12,120 Speaker 6: Is this going to deliver at the bottom line for 80 00:04:12,160 --> 00:04:12,920 Speaker 6: these tech companies? 81 00:04:13,000 --> 00:04:17,560 Speaker 1: Hazley Nardini there of Simplify Asset Management. Also tomorrow the 82 00:04:17,600 --> 00:04:20,600 Speaker 1: Fed will issue its decision on interest rates at two 83 00:04:20,680 --> 00:04:24,479 Speaker 1: pm Wall Street time. Policymakers are widely expected to hold 84 00:04:24,480 --> 00:04:27,960 Speaker 1: the Fed Fund's rates steady. Here is Bloomberg's Michael McKee 85 00:04:28,000 --> 00:04:28,960 Speaker 1: on what's at stake. 86 00:04:29,160 --> 00:04:32,839 Speaker 7: From markets, the issue is whether they get any kind 87 00:04:32,839 --> 00:04:36,119 Speaker 7: of hints about when or if rates will be cut again. 88 00:04:36,520 --> 00:04:39,240 Speaker 7: But for Washington and Wall Street, the overriding question is 89 00:04:39,520 --> 00:04:42,560 Speaker 7: what impact President Trump's threats might have had on the 90 00:04:42,600 --> 00:04:45,919 Speaker 7: Policy Committee and whether they have convinced Jay Powell to 91 00:04:45,960 --> 00:04:48,560 Speaker 7: stay on as governor when his term as FED chair 92 00:04:48,680 --> 00:04:52,159 Speaker 7: expires in May. Will Powell repeat his angry response to 93 00:04:52,200 --> 00:04:55,239 Speaker 7: being subpoened by the Justice Department, or will he seek 94 00:04:55,279 --> 00:04:58,880 Speaker 7: to de escalate any suggestion Powell may stay on to 95 00:04:59,000 --> 00:05:01,920 Speaker 7: handicap Trump's fa to control the Fed will have an 96 00:05:01,920 --> 00:05:05,360 Speaker 7: impact on the rate outlook. Michael McKee, Bloomberg Radio. 97 00:05:05,560 --> 00:05:08,320 Speaker 1: And that is news when you want it with Bloomberg News. Now, 98 00:05:08,360 --> 00:05:10,279 Speaker 1: I'm Doug Chrisner and this is Bloomberg