Bloomberg News Now: Top Stories on Tech, Politics, and Economy

Market Performance and Economic Indicators

• 📈 Big Tech stocks tumbled as traders locked in profits, while smaller firms rallied, leading the Dow to close higher.
• 📊 The S&P 500 was flat, and the Nasdaq closed down 104 points, with the ten-year Treasury yield at 4.18% and the two-year yield at 3.49%.
• 💰 Fed Governor Stephen Myron signals support for deeper rate cuts, penciling in at least six cuts, citing underlying inflation at 2.3%.

Federal Investigations and State Clashes

• 🔍 The FBI has taken over the investigation into the killing of a U.S. citizen by an ICE agent in Minneapolis, despite objections from Governor Tim Walz.
• ⚠️ Homeland Security Secretary Kristi Noem asserts that ICE is not leaving Minnesota and may send more officers if necessary.
• ⚖️ A federal judge disqualified President Trump's acting U.S. attorney in Albany, New York, over unlawful service in the role.

Obamacare Tax Credits and Political Deals

• 🤝 Moderate Republicans are nearing a deal to extend enhanced Obamacare tax credits, though some oppose the extension due to waste, fraud, and abuse.
• 🏛️ Legislation to override President Trump's veto of a pair of bills failed, with Republicans deciding to stick with the President.

International Relations and Foreign Policy

• 🇻🇪 The Senate advanced a resolution to limit President Trump's ability to conduct attacks against Venezuela, though it has virtually no chance of becoming law.
• 🛢️ Over a dozen oil executives are meeting with White House officials to discuss potentially reviving Venezuela's oil production.
• 🤝 Venezuela announced the release of prisoners amid ongoing talks with the U.S.
• 🗺️ Trump administration officials reportedly discussed payments to Greenland residents to convince them to secede from Denmark and join the U.S.

Presidential Appointments and White House Decisions

• 🧑‍💼 President Trump stated he has made up his mind on his Fed chair pick, emphasizing the candidate must support lower Fed rates.
• 🧐 The White House excluded Director of National Intelligence Tulsi Gabbard from a plan to oust Venezuela's president, highlighting tensions over her role.