Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland
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47 segmentsThe thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand, but by embedding AI across HR, IT, and procurement processes, we've reduced costs by millions, slash repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off. Deep in the work that moves the business. Let's create smarter business. IBM. This week on Leaders with me, Franci Lacka. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury. I was able to enjoy the victory. The victory is probably more than if I will not have this issue. One iconic match. In my mind was... I am almost dead. And whether he misses playing. I don't miss tennis because there was nothing else to offer. Listen and watch Leaders with me, Francine Lacqua, on Bloomberg Television or wherever you get your podcasts. Bloomberg Audio Studios. Podcasts, Radio News. Good morning. I'm Nathan Hager. And I'm Karen Moscow. Here are the stories we're following today. Karen, we begin with new tensions in Minneapolis. There's been another shooting in the city a week after an immigration and customs enforcement agent shot and killed a woman and set off nationwide protests. The Department of Homeland Security says one of its officers tried to arrest a man during a targeted traffic stop, but he ran into a parked vehicle and fled on foot. The officer caught up with him, but then Minneapolis Police Chief Brian O'Hara says two other people came out of an apartment and started attacking the officer. During the struggle, the federal agent discharged his weapon, striking one adult male. The adult male then retreated inside of the residence. where he remained inside and refused to come out. Minneapolis Police Chief Brian O'Hara says all three were eventually taken into custody. Both the officer and the man who was shot are in the hospital. DHS says that man is a Venezuelan who entered the U.S. illegally. Minnesota Governor Tim Walz is condemning the ongoing enforcement surge in his state. Let's be very, very clear. This long ago stopped being a matter of immigration enforcement. Instead, it's a campaign of organized brutality against the people of Minnesota by our own federal government. Governor Tim Walz delivered a primetime address to Minnesota right around the time of this latest shooting. We want to turn to U.S. foreign policy now, Nathan, and there's no end to the tensions between the U.S. and Denmark after a high-stakes meeting in Washington over Greenland. Danish foreign minister Lars Lugam-Rasmussen says there's still a fundamental disagreement over who gets to control the semi-autonomous territory.
Ideas that would not respect territorial integrity of the Kingdom of Denmark and the right of self-determination of the Greenlandic people are of course totally unacceptable. Still, Danish foreign minister Lars Lugel Rasmussen says he's agreed to set up a working group after a meeting with Secretary of State Marco Rubio and Vice President JD Vance. Denmark has also announced plans to beef up its military presence in the Arctic. Sweden, Norway and the UK are also sending troops to Greenland. And Germany says it'll send more than a dozen personnel to the island to explore their own military contribution. Turning to the war in Ukraine now, Karen, President Trump faults Ukraine's leader. Volodymyr Zelensky. as the main obstacle to an agreement to end the war that Russia launched against his country. In an interview with Reuters, the president described Russian president Vladimir Putin as ready to make a deal. When pressed on what was impeding an agreement, the president replied Volodymyr Zelensky. Well, let's get to the latest developments in Iran. Nathan, President Trump is indicating he might hold off on attacking the country. The president says he has been reassured the government in Tehran would stop killing people involved in protests. We get more from Bloomberg, Middle East correspondent, Jumana Bersetschi. We don't exactly know who he's spoken to, who's given him those reassurances. And again, as we've been reporting, it's very difficult and challenging to get live information from the ground in Iran because of the communications blackouts. But human rights agencies estimate that the death toll continues to climb and we're sitting closer to something like 3,000 people. And Bloomberg, Middle East correspondent, Jumana Bersetschi there. We are seeing an impact on the oil market. Right now, crude is falling. NYMEX crude and Brent both down more than 4% with NYMEX crude at $59.28 a barrel. Karen, there are new developments this morning in the Justice Department probe into the Federal Reserve. Bloomberg's been following that and joins us now with the latest. John, good morning. And good morning, Nate. President Trump now insists he does not plan to fire Federal Reserve Chair Jerome Powell in an interview with Reuters. Trump said, quote, I don't have any plan to do that. Still, the president said he had not arrived to at a conclusion about whether his Justice Department probe of the Fed would give him grounds to oust the Fed chair, saying it's too early to say. Well, the pushback of the probe has been fierce. Republican Senator Thom Tillis sat down with Bloomberg balance of power, repeating his concern that DOJ's criminal probe threatens Fed independence. It's remarkable to me that someone in the DOJ would move without the President's knowledge, but apparently they did. But look, if suddenly the threat of a lawsuit...
can take a chair out of play? How can anybody think that that's anything more than a de facto ending the independence of the Fed? And we all know what that does to markets worldwide. Well, Thom Tillis has said he would block Fed nominations until the investigation is resolved. In response to Republican lawmakers like Thom Tillis, who are criticizing the Fed investigation, President Trump responded, I don't care, and quote, they should be loyal. In New York, I'm John Tucker Carlson Bloomberg Radio. All right, John, thank you. Let's turn to the markets now where the S&P 500 saw its first back-to-back losses in 2026. The NASDAQ dropping 1%. It was its worst decline in a month amid a slide in all magnificent seven stocks. New Edge wealth chief investment officer Cameron Dawson sees more volatility ahead. Noting that we are in the fourth year of a bull market, and that's where you get a 50-50 chance as to whether or not it extends into a fourth year. And also note that this fourth year is coinciding with a midterm election year, which also tends to have both a higher volatility and lower returns than the other years during the election cycle. So fourth year, midterm election year, that would suggest expect more volatility and lower returns. Despite the increased volatility, New Edge wealth's Cameron Dawson expects stocks to end the year higher. Well, tech stocks are leading the gains this morning, Karen, following news from Taiwan's semiconductor manufacturing, TSM gave a stronger-than-anticipated outlook for 2026, signaling its confidence in the longevity of the global artificial intelligence boom. And shares in key supplier, ASML holding soared to a record in Europe this morning, sending its market value above $500 billion, and Nvidia shares this morning. morning are up 1.5%. Crew of four astronauts has landed back on Earth. Splashdown of Crew 11. After 167 days in space, Dragon and NASA astronauts Zina Cardman and Mike Fink, Kimia Yui of Jaxa and Ruscosmos, Cosmonaut Oleg Platinov, are back on Earth. Now those astronauts undocked from the International Space Station aboard a SpaceX Dragon capsule. This morning, they splashed down off the coast of California, cutting their trip early by about a month. Because of a medical issue on board. NASA is not disclosing the name of the astronaut or the nature of the medical issue due to privacy concerns. The agency is working to accelerate the arrival of the next crew, which could be as early as the middle of next month.
Time now for a look at some of the other stories making news in New York and around the world. And for that, we're joined by Bloomberg's Michael Barr. Michael, good morning. Thank you very much, Karen. Vice President JD Vance cast the tie-breaking vote in the Senate on the Venezuela War Powers resolution. A group of senators voted with all Senate Democrats on the resolution, which would have blocked the use of U.S. armed forces within or against Venezuela unless authorized by Congress. JD Vance's vote means the resolution dies. On this vote, the yeas are 50, the nays are 50, the Senate being equally divided. The vice president votes. Affirmative and the point of order is sustained. Two Republican senators who previously supported the measure ended up voting against it, Senators Josh Holly and Todd Young. Senate Minority Leader Chuck Schumer argues that this leaves the door open for President Trump to start another forever war. Make no mistake about it. This vote makes things more dangerous, not less. It emboldens Donald Trump to push further down this reckless path. The vote followed fiery phone calls from President Trump to pressure GOP defectors who last week voted to advance the resolution. It is now day four of a nurse's strike in New York City. There's no word of any imminent negotiations. About 15,000 nurses walked off the job Monday from the city's three major hospital systems, Mount Sinai, Montefiore, and New York Presbyterian, the New York State Nurses Association Union. is calling for better pay, better benefits, and protection from workplace violence. A measles outbreak is growing in South Carolina. State officials say there have been public exposures in places like retail stores, churches, and restaurants. Department of Public Health State epidemiologist, Dr. Linda Bell. We're also seeing ongoing transmission in households where entire households of people who are unvaccinated are being infected. Dr. Bell says so far 434 cases have been reported in the South Carolina outbreak, with over 200 reported in just one week. Global news 24 hours a day. And whenever you want it, with Bloomberg News Now. I'm Michael Barr, and this is Bloomberg here. Thanks, Michael. Time now for our Bloomberg Sports Update, and for that we bring in John Stash Hour. Thanks, Karen. Nine NFL teams are looking for a new head coach, and it looks like the first team to make a hire will be the New York Giants. They met yesterday with John Harbaugh, who spent the last 18 years in Baltimore. Word is they are working to finalize a deal. Quarterback Dante Moore has decided to stay in school. He'll be back with Oregon rather than turn pro. He was projected as perhaps being the number two pick of the draft. A baseball free... agent signing starting pitcher Ranger Suarez, formerly with the Phillies, signed with the Red Sox. That's your Bloomberg Sports Update. Stay with us. More from Bloomberg Daybreak coming up after this.
Gain insight on the innovators, disruptors, and tech-driven trends shaping today's complex economy. I'm Carol Masser. And I'm Tim Steneveck. Wrap up your workday with the Bloomberg Businessweek Daily podcast. We bring you deeper dives into the stories shaping your world, from the evolution of AI to the shifting priorities of global business. Plus, Silicon Valley Power Players, and the latest tech trends. Catch up on the conversations you miss during the day. Subscribe to the Bloomberg Businessweek Daily podcast on Apple, Spotify, or anywhere. You listen. Coast to coast on Bloomberg Radio, nationwide on SiriusXM, and around the world on Bloomberg.com and the Bloomberg business app. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. The Trump administration does not appear to be backing off its demands to take over Greenland. After a high-stakes meeting in Washington with the Vice President and Secretary of State, Danish Foreign Minister Lars Loga Rasmussen says a fundamental disagreement remains.
future will remain within the kingdom of Denmark. That was the Danish foreign minister after the meeting with JD Vance and Marco Rubio. And joining us from Brussels this morning is Bloomberg Chief Europe correspondent Oliver Crook. Ollie, we saw images of the Danish and Greenlandic foreign ministers coming out of that meeting doing fist bumps. But now it appears the meeting did not go so well. So where do things stand now? Good morning. Yeah, there was a lot of videos of them. They were also, we saw a few videos of them chain smoking, sort of going in and out of the meetings and maybe highlighting some of the stress that they've been under in the last couple of days in those meetings with JD Vance. And Marco Rubio, listen, I think the headline is we heard there. It's a fundamental disagreement still remains. This is what we heard from the Danish foreign minister. He said that effectively nothing has been resolved at this point, that the discussions were frank and constructive, which obviously is just diplomatic speak for potentially not a whole lot getting done. Again, the sort of starting position for the Danes for Greenland is basically not in any material change to the status quo legally. They say that the framework that exists currently governing the relationship between the United States and Greenland between under this treaty for from 1951, which is, again, gives very expansive powers to the United States in the way that it can sort of behave and deploy its troops and military operations within Greenland. They say that that is adequate to sort of secure the territory from any sort of potential hostile activity, from the Chinese, from the Russians, which is what we've been hearing from Donald Trump. They're trying to de-escalate the situation. They said that they're now going to start this working group. And I thought it was interesting that the Danish foreign minister said that the working group would be there to explore if. if they can find a common way forward because that is certainly not assured. And in the meantime, we have European nations beginning to send forces to the Arctic, including Greenland, led by Germany. I mean, that alone is significant. It is significant. I think right now it's much more of a symbolic gesture than anything sort of material from the military heft front. It's a lot of exploratory missions. So we have the Germans leading it. It was 13 soldiers that arrived today, I should say. Yesterday, Sweden sent a few officers, the UK, Norway. We also have the French. They're open. a consulate actually in Greenland, starting in February. They say that that is going to be a diplomatic and political message, a signal that they would like to send. But we should say, you know, this is all about trying to explore different frameworks that the Europeans could potentially construct in order to assuage some of the fears of the President of the United States. But it's also when you have more and more international forces on this territory, again, we don't really believe that the United States is going to launch a military campaign, but potentially that gets more difficult when you have representation. from a number of different NATO allies. So maybe not a military deterrent, but potentially a diplomatic deterrent.
Just 30 seconds left all over. What is the European sense about the status of NATO, the strength of NATO right now? I think they're very concerned by what they've seen, particularly in the last couple of weeks. I mean, we just had the ambassador to Belgium, to Belgium, from the United States on our air this morning. I was speaking to him, and so was our colleague, Stephen Carroll, here in Brussels, and basically talking about what is the nature of American friendship to the European Union at this stage? And that is a question he's getting from a lot of different sort of diplomats. He was there to basically... reassure that this is a United States that stands firmly behind NATO, that Donald Trump is a big fan of NATO, and that he believes in it as a strong alliance. It is the most important alliance that the United States has. But frankly speaking, the way that the president has been speaking on some of the rhetoric, he used some of the same exact language about going the easy way and the hard way on Greenland as with Venezuela. That does not reassure European allies at all. This is Bloomberg Daybreak, your morning podcast on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed by 6 a.m. Eastern each morning on Apple, Spotify or anywhere else you listen. You can also listen live each morning, starting at 5 a.m. Wall Street time on Bloomberg 1130 in New York, Bloomberg 991 in Washington, Bloomberg 929 in Boston, and nationwide on Sirius XM Channel 121. Plus listen coast to coast on the Bloomberg Business app now with Apple CarPlay and Android Auto interfaces. And don't forget to subscribe to Bloomberg News Now. It's the latest news whenever you want it in five minutes or less. Search Bloomberg News Now on your favorite podcast platform to stay informed all day long. I'm Karen Moscow. And I'm Nathan Hager. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak.
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