Bloomberg News Now: Stocks Rise, Government Shutdown Threat, Immigration Crackdown, and More

Market Performance

• 📈 The S&P 500 closed up 35 points, the NASDAQ gained 100 points, and the Dow Jones Industrial Average rose 313 points.
• 📊 The ten-year Treasury yield was at 4.21%, and the two-year yield stood at 3.59%.
• 🌟 Spot gold increased by 1.25%, while silver saw a rise of over 5%.

Government Funding and Immigration Policy

• 🏛️ Democrats are threatening a government shutdown unless Republicans remove funding for the Department of Homeland Security from a spending package.
• 🗣️ Senate Democratic leader Chuck Schumer vowed to block the massive spending package.
• 📰 The White House supports the bipartisan appropriations package and wants it passed, but not at the expense of government funding.
• ⚖️ A federal judge is hearing arguments on whether to halt the immigration crackdown in Minnesota, with the state and cities suing the Department of Homeland Security.
• 🇺🇸 Tom Homan has been sent to Minneapolis amid an outcry over the immigration crackdown, with Trump suggesting Homan would help de-escalate tensions.
• ⚠️ A Republican candidate for governor of Minnesota ended his campaign, stating he cannot support national Republican retribution on citizens or a party that would do so.

Business and Technology News

• ☁️ Nvidia is investing another $2 billion in CORE WEAVE, a cloud infrastructure company, to expand AI compute capacity.
• 🤝 Nvidia has already agreed to purchase over $6 billion in services from CORE WEAVE through 2030.

Energy and Weather Concerns

• 🥶 Two power grids are being tested by a post-winter storm freeze that has driven up demand and increased the risk of blackouts.
• ⚡ The storm knocked out power to hundreds of thousands and could take days to restore in the hardest-hit areas.
• ⛽ U.S. natural gas surged by more than 20%, with an estimated 12% of production knocked offline, hitting the highest prices since December 2022.

International and Social Updates

• 🕊️ Israel announced it recovered the remains of the last hostage in Gaza, a step towards implementing a postwar plan that includes reopening Gaza's border with Egypt and deploying an international security force.
• 🎤 Ye (formerly Kanye West) apologized for past anti-Semitic comments in a full-page ad in The Wall Street Journal, attributing his behavior to bipolar disorder and committing to accountability.