Bloomberg News Now: Immigration Crackdown, Trump-Walz Call, Market Updates

Immigration Enforcement in Minnesota

• ⚖️ A federal judge is considering arguments on whether to halt Minnesota's immigration crackdown following two fatal shootings by government officers.
• 🏛️ The state and cities of Minneapolis and Saint Paul are suing the Department of Homeland Security, seeking to limit federal enforcement actions and reduce the number of officers.
• 🗣️ President Trump announced he would send Tom Homan to Minnesota, sparking speculation about Homeland Security Secretary Kristi Noem's future.
• ⚠️ The lawsuit alleges that ICE agents are authorized to raid homes with civil warrants signed only by Border Patrol agents, which is deemed unconstitutional.
• 📉 A recent poll indicates a majority of voters disapprove of Trump's handling of immigration tactics.

Political Developments and Calls

• 📞 President Trump described his call with Governor Tim Walz as "productive" and noted they were on a "similar wavelength."
• 🗣️ Governor Walz's office also characterized the call as productive.
• 🛑 Republican Chris McDowell is ending his gubernatorial campaign, citing his inability to support his party's "retribution on the citizens of the state."

Government Funding and Market News

• 🚫 Democrats are threatening to shut down the government unless funding for the Department of Homeland Security is stripped from a spending package.
• 📊 The dollar fell to a four-month low, and gold prices topped $5,000.
• 📈 The S&P 500 and NASDAQ were up 0.6%, and the Dow was up 0.5%.
• 💰 Nvidia is investing an additional $2 billion in cloud infrastructure company CoreWeave to expand its air compute capacity.

Energy Markets and Weather

• ⚡ Natural gas prices in the U.S. surged over 20%, with an estimated 12% of production offline due to a powerful winter storm.
• 🥶 The storm is bringing bitter cold, with temperatures expected to stay below normal through Friday, increasing pressure on power grids and the risk of blackouts.

International Developments

• 🕊️ Israel announced it has recovered the remains of the last hostage in Gaza, potentially paving the way for the next phase of a cease-fire with Hamas, which includes deploying an international security force and rebuilding Gaza.