Trump's Housing Policy, ICE Shooting, and Market Updates on Bloomberg News Now

Market Performance and Economic Data

• 📈 Wall Street closed with the S&P 500 down 24 points and the Dow losing 465 points, while the NASDAQ gained 37 points.
• 📊 The ten-year treasury yield settled at 4.13%, and the two-year yield at 3.46%, as traders digested mixed economic data and shifting geopolitical risks.
• 📰 The Wall Street Journal reported that JPMorgan has reached a deal to take over the Apple credit card.

Trump's Housing Affordability Proposal

• 🏠 President Trump announced a plan to ban institutional investors from buying single-family homes to address housing affordability.
• 🗣️ Wisconsin Republican Congressman Brian Steil expressed anticipation for the proposal's details, emphasizing the need to make housing more accessible to families.

ICE Shooting Incident and Political Reactions

• 🚨 An ICE officer shot and killed a woman in Minneapolis, with Homeland Security officials stating the officer acted in self-defense.
• 🗣️ Minneapolis Mayor Jacob Frey rejected the self-defense claim and called for ICE agents to leave the city.
• ⚠️ Minnesota Governor Tim Walz urged residents to remain calm amidst anger over the presence of ICE agents.

Defense Contractor Policy and Venezuela Sanctions

• 💰 President Trump indicated he would prevent defense companies from issuing dividends or buying back stock until they increase investment in production and research.
• 💸 Trump also proposed capping executive pay at defense companies at $5 million until new production plants are built.
• 🚢 The United States seized two sanctioned oil tankers linked to Venezuela in the North Atlantic and Caribbean as part of an imposed blockade.
• 💰 Secretary of State Marco Rubio stated that oil from seized tankers would be sold, with proceeds dispersed to benefit the Venezuelan people, not the regime.

Nutrition Guidelines and Labor Market Data

• 🍎 The Trump administration released updated nutrition guidelines, reintroducing a version of the food pyramid and urging reduced sugar intake and increased protein.
• 🚫 Health Secretary Robert F Kennedy Jr. declared a "war on added sugar," highlighting its role in metabolic disease.
• 📊 ADP reported that the US private sector added 41,000 jobs in December, with annual pay up 4.4%.

Legal Proceedings

• ⚖️ A judge delayed Nick Reiner's arraignment in the killing of his parents after his attorney asked to be replaced by a public defender.