Bloomberg's Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision 

Bloomberg's Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Listen for today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

Bloomberg Daybreak: US Edition

Instant Reaction: Jay Powell on Fed Policy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e8211ae2-c695-4d66-bede-b1390151f928/transcript

On today's podcast:
1) President Trump accepted Venezuelan opposition leader Maria Corina Machado’s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good graces while the future of her country is being shaped by the US. Trump, in a social media post hours later, called it a “great honor” to meet Machado, and described her as a “wonderful woman who has been through so much.” Machado, who has been shut out of Venezuela’s leadership transition since US forces ousted President Nicolas Maduro on Jan. 3, said she gave Trump the medal as “a recognition of his unique commitment with our freedom.” 
2) Denmark and Greenland are stepping up lobbying of US lawmakers in an effort to head off President Trump’s push to take control of Greenland. A group of US senators is set to meet members of the Danish parliament in Copenhagen on Friday. The trip follows a week of meetings in Washington by Danish Foreign Minister Lars Lokke Rasmussen with members of Congress on the heels of talks with Vice President JD Vance and Secretary of State Marco Rubio. Greenland’s foreign minister, Vivian Motzfeldt, also participated. High-level talks between Denmark, Greenland and the US earlier this week ended in a stalemate over the future of the world’s largest island, though officials agreed to set up a working group to manage the diplomatic dispute. Trump has repeatedly insisted the US needs to control the territory, an ambition that remains unresolved and has been rejected time and again by both Copenhagen and Nuuk.
3) President Trump threatened to deploy US military forces to Minnesota in order to quell protests in response to violent encounters involving federal immigration agents. The 1807 law allows the president to use regular military troops on US soil for domestic law enforcement. It was last invoked during the 1992 riots in Los Angeles. Trump’s ultimatum could further fray tensions in Minneapolis, where on Wednesday a federal officer shot a man in the leg. The incident occurred one week after the fatal shooting of a local woman who was a US citizen by an ICE agent, which touched off the demonstrations. 

On today's podcast: 1) President Trump accepted Venezuelan opposition leader Maria Corina Machado&rsquo;s Nobel Peace Prize medal at a White House meeting on Thursday as she tries to get back in his good graces while the future of her country is being shaped by the US. Trump, in a social media post hours later, called it a &ldquo;great honor&rdquo; to meet Machado, and described her as a &ldquo;wonderful woman who has been through so much.&rdquo; Machado, who has been shut out of Venezuela&rsquo;s leadership transition since US forces ousted President&nbsp;Nicolas Maduro&nbsp;on Jan. 3, said she gave Trump the medal as &ldquo;a recognition of his unique commitment with our freedom.&rdquo;&nbsp; 2) Denmark and Greenland are stepping up lobbying of US lawmakers in an effort to head off President&nbsp;Trump&rsquo;s push to take control of Greenland. A group of US senators is set to meet members of the Danish parliament in Copenhagen on Friday. The trip follows a week of meetings in Washington by Danish Foreign Minister Lars Lokke Rasmussen with members of Congress on the heels of talks with Vice President JD Vance and Secretary of State Marco Rubio. Greenland&rsquo;s foreign minister, Vivian Motzfeldt, also participated. High-level talks between Denmark, Greenland and the US earlier this week ended in a stalemate over the future of the world&rsquo;s largest island, though officials agreed to set up a working group to manage the diplomatic dispute. Trump has repeatedly insisted the US needs to control the territory, an ambition that remains unresolved and has been rejected time and again by both Copenhagen and Nuuk. 3) President&nbsp;Trump&nbsp;threatened to deploy US military forces to Minnesota in order to quell protests in response to violent encounters involving federal immigration agents. The 1807 law allows the president to use regular military troops on US soil for domestic law enforcement. It was last invoked during the 1992 riots in Los Angeles. Trump&rsquo;s ultimatum could further fray tensions in Minneapolis, where on Wednesday a federal officer shot a man in the leg. The incident occurred one week after the fatal shooting of a local woman who was a US citizen by an ICE agent, which touched off the demonstrations.&nbsp;

Venezuela’s Machado Gives Trump Nobel Medal; Greenland Seeks Support Against Takeover Bid

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ed09b064-a813-4d94-ab56-b3d400b1e416/transcript

On today's podcast:
1) Tensions in Minneapolis escalated again Wednesday night after a federal officer shot a man in the leg during an attempted arrest. Homeland Security says the Venezuelan man fled in a vehicle, crashed, and then struck an officer with a shovel as two others joined the struggle. City leaders condemned ICE’s presence, urging the agency to “leave the state immediately,” while Police Chief Brian O’Hara warned of growing unrest. The shooting occurred as tensions between protesters and immigration enforcement officers continued to flare in the city following the fatal shooting of 37-year-old Renee Good last week.
2) Denmark said a “fundamental disagreement” remained after a high-stakes meeting with the US over Greenland as several countries including Germany said they’d send military personnel to the Arctic island. Foreign ministers from Denmark and Greenland met with US Vice President JD Vance and Secretary of State Marco Rubio in Washington, agreeing to establish a working group that’s set to gather within weeks to plot the way forward, while the US refrained from backing down on its demands. On Thursday, Germany’s “exploration mission” will arrive in Nuuk as European nations begin to work out how to ensure security in the region.
3) President Trump faulted Ukraine’s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago. Trump, in an interview with Reuters on Wednesday, described Russian President Vladimir Putin as “ready to make a deal,” Reuters reported. When pressed on what was impeding a deal, Trump replied, “Zelenskiy,” Reuters said. Trump has oscillated between blaming Ukraine and Russia for failing to reach an accord, which he had claimed during his 2024 presidential campaign could be easily resolved. The US has prepared further sanctions should Trump decide to act on Russia’s continued rejection of a peace deal. US and Ukrainian officials have said they’ve made significant progress on a 20-point plan to end the fighting, however Kyiv and Moscow remain at an impasse over a number of issues including territorial control of areas Russia claims that remain under Ukrainian control.

On today's podcast: 1) Tensions in Minneapolis escalated again Wednesday night after a federal officer shot a man in the leg during an attempted arrest. Homeland Security says the Venezuelan man fled in a vehicle, crashed, and then struck an officer with a shovel as two others joined the struggle. City leaders condemned ICE&rsquo;s presence, urging the agency to &ldquo;leave the state immediately,&rdquo; while Police Chief Brian O&rsquo;Hara warned of growing unrest. The shooting occurred as tensions between protesters and immigration enforcement officers continued to flare in the city following the fatal shooting of 37-year-old Renee Good last week. 2) Denmark said a &ldquo;fundamental disagreement&rdquo; remained after a high-stakes meeting with the US over Greenland as several countries including Germany said they&rsquo;d send military personnel to the Arctic island. Foreign ministers from Denmark and Greenland met with US Vice President&nbsp;JD Vance&nbsp;and Secretary of State&nbsp;Marco Rubio&nbsp;in Washington, agreeing to establish a working group that&rsquo;s set to gather within weeks to plot the way forward, while the US refrained from backing down on its demands. On Thursday, Germany&rsquo;s &ldquo;exploration mission&rdquo; will arrive in Nuuk as European nations begin to work out how to ensure security in the region. 3) President Trump&nbsp;faulted Ukraine&rsquo;s leader&nbsp;Volodymyr Zelenskiy&nbsp;as the main obstacle to an agreement to end the war Russia launched against his country four years ago. Trump, in an interview with Reuters on Wednesday, described Russian President Vladimir Putin as &ldquo;ready to make a deal,&rdquo; Reuters reported. When pressed on what was impeding a deal, Trump replied, &ldquo;Zelenskiy,&rdquo; Reuters said. Trump has oscillated between blaming Ukraine and Russia for failing to reach an accord, which he had claimed during his 2024 presidential campaign could be easily resolved. The US has prepared further sanctions should Trump decide to act on Russia&rsquo;s continued rejection of a peace deal. US and Ukrainian officials have said they&rsquo;ve made significant progress on a 20-point plan to end the fighting, however Kyiv and Moscow remain at an impasse over a number of issues including territorial control of areas Russia claims that remain under Ukrainian control.

Second ICE Shooting in Minneapolis as Protests Intensify; Denmark-US Rift Persists Over Greenland

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4e711ab6-5d93-4b06-818a-b3d300ad0d93/transcript

On today's podcast:
1) President Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase & Co. chief executive officer was “wrong” to suggest he was undermining the independence of the central bank. Earlier Tuesday, Dimon expressed concern about the investigation into Fed Chair Jerome Powell over the cost of the central bank’s headquarters renovation and his subsequent congressional testimony about the project. Trump said he would press ahead with plans to announce Powell’s replacement within “the next few weeks” despite the backlash to the probe, which has drawn criticism from Republican lawmakers — including a threat by Senator Thom Tillis, a retiring North Carolina Republican and swing vote on the Senate Banking Committee. Tillis has said he would block new nominations to the Fed until the matter is resolved.
2) More than 2,500 people have been killed in Iranian protests that have swept the nation, activist groups said, as Tehran continued its crackdown despite President Trump’s threat of action over mounting fatalities. The US-based Human Rights Activists News Agency reported 2,571 deaths as of Wednesday, up from about 500 at the start of the week and amid speculation the actual toll could be dramatically higher. On Tuesday, Trump urged Iranians to continue protests against the regime of Supreme Leader Ayatollah Ali Khamenei.
3) Top diplomats from Greenland and Denmark are gearing up for the test of a lifetime as they work to persuade the Trump administration to back off on its demands for the Arctic territory that threaten to break up the NATO defense alliance. Danish Foreign Minister Lars Lokke Rasmussen and his counterpart from Nuuk, Vivian Motzfeldt, will face US Vice President JD Vance and Secretary of State Marco Rubio at the White House on Wednesday, just hours after the island’s prime minister said that if made to choose, Greenland would opt for Denmark.

On today's podcast: 1) President&nbsp;Trump&nbsp;dismissed&nbsp;Jamie Dimon&rsquo;s criticism over the&nbsp;Justice Department&nbsp;probe into the Federal Reserve, saying the&nbsp;JPMorgan Chase &amp; Co.&nbsp;chief executive officer was &ldquo;wrong&rdquo; to suggest he was undermining the independence of the central bank. Earlier Tuesday, Dimon expressed concern about the investigation into Fed Chair Jerome Powell over the cost of the central bank&rsquo;s headquarters renovation and his subsequent congressional testimony about the project. Trump said he would press ahead with plans to announce Powell&rsquo;s replacement within &ldquo;the next few weeks&rdquo; despite the backlash to the probe, which has drawn criticism from Republican lawmakers &mdash; including a threat by Senator&nbsp;Thom Tillis, a retiring North Carolina Republican and swing vote on the&nbsp;Senate Banking Committee. Tillis has said he would block new nominations to the Fed until the matter is resolved. 2) More than 2,500 people have been killed in Iranian protests that have swept the nation, activist groups said, as Tehran continued its crackdown despite President&nbsp;Trump&rsquo;s threat of action over mounting fatalities. The US-based&nbsp;Human Rights Activists News Agency&nbsp;reported 2,571 deaths as of Wednesday, up from about 500 at the start of the week and amid speculation the actual toll could be dramatically higher.&nbsp;On Tuesday, Trump urged Iranians to continue protests against the regime of Supreme Leader Ayatollah Ali Khamenei. 3) Top diplomats from Greenland and Denmark are gearing up for the test of a lifetime as they work to persuade the Trump administration to back off on its demands for the Arctic territory that threaten to break up the NATO defense alliance. Danish Foreign Minister Lars Lokke Rasmussen and his counterpart from Nuuk, Vivian Motzfeldt, will face US Vice President JD Vance and Secretary of State Marco Rubio at the White House on Wednesday, just hours after the island&rsquo;s prime minister said that if made to choose, Greenland would opt for Denmark.

Trump Defends DOJ's Powell Probe; Iran Death Toll Jumps

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/04fee8af-dde3-40e4-a5dd-b3d200abfba9/transcript

Instant Reaction: Jay Powell on Fed Policy

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