Bloomberg Daybreak: US Edition
Trump Lobbies for Shutdown Deal; Clintons to Testify in Epstein Inquiry
· Summarized
Key takeaways
- Government shutdown negotiations are ongoing, with Trump urging Republicans to unite for a spending bill.
- Trump's confrontation with Harvard highlights the ongoing allegations of wrongdoing surrounding the Ivy League school.
- The Clintons' forthcoming testimonies in the Epstein inquiry signify a major development in ongoing investigations.
- Upcoming discussions with Iran could lead to significant geopolitical changes, depending on the success of negotiations.
- Market volatility remains high, with analysts anticipating fluctuations in precious metals and specific tech stocks.
Summary
Government Shutdown Negotiations
President Trump urges House Republicans to swiftly pass a funding measure for the Homeland Security Department to allow for immigration negotiations. After discussions with the White House, two Republican holdouts, Anna Paulina Luna and Tim Burchett, have agreed to support the measure, paving the way for a vote. Meanwhile, House Minority Leader Hakeem Jeffries emphasizes the need for changes in immigration enforcement as the shutdown's effects hit the Labor Department, delaying the January jobs report.
Trump vs. Harvard
Trump announces he is seeking $1 billion in damages from Harvard University following a New York Times report stating his administration had previously backed off demanding $200 million linked to accusations of wrongdoing. He asserts the Times story is incorrect and that his administration’s focus on anti-Semitism stemming from campus protests is central to his actions.
Clintons and Epstein Inquiry
Former President Bill Clinton and his wife, Hillary Clinton, agree to testify before the House Oversight Committee in their investigation into Jeffrey Epstein. This comes after discussions of holding the Clintons in contempt for not complying with subpoenas. Bill Clinton has stated he distanced himself from Epstein years before his death.
Iran Nuclear Deal Discussions
President Trump expresses optimism about upcoming talks regarding a new nuclear deal with Iran while also warning of potential military action if negotiations fail. U.S. officials aim to address issues beyond the nuclear program, including Iran's ballistic missile capabilities and regional proxy funding.
Market Reactions and Financial Updates
Amidst market fluctuations, futures are higher following previous gains. Gold and silver prices experience significant volatility, influenced by recent price drops and recovery efforts. Analyst insights suggest a potential rise in gold prices, while Palantir shares see a boost following stronger than expected revenue forecasts.
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Show notes
Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Republican opposition to President Trump’s deal with Democrats to end the partial US government shutdown began to crumble late Monday despite the ongoing a standoff over the administration’s immigration crackdown. Trump implored House Republicans in a social media post to pass the spending measure immediately and with no changes. Soon after, two conservative holdouts — Anna Paulina Luna of Florida and Tim Burchett of Tennessee — said they agreed after a talk with the White House to end their threatened blockade, clearing the way to a Tuesday vote on the bipartisan agreement. House Speaker Mike Johnson had faced a tricky path to clear a Senate-passed spending package — the product of a negotiation between Trump and Senate Democratic leader Chuck Schumer. That measure would fund most agencies through Sept. 30, and the Department of Homeland Security through Feb. 13, preserving funding for immigration raids while both parties negotiate changes to enforcement policies.
2) President Trump said he’s seeking $1 billion in “damages” from Harvard University after the New York Times reported that his administration had backed off demands for $200 million to satisfy accusations of wrongdoing by the Ivy League institution. Trump didn’t specify under what authority he would seek the $1 billion. Harvard didn’t immediately respond to a request for comment. In an article earlier Monday, the Times reported that administration officials had dropped their demands for the $200 million “amid sagging approval ratings for Mr. Trump, and as he faces outrage over immigration enforcement tactics and the shooting deaths of two Americans by federal agents in Minnesota.”
3) Former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, will appear before a congressional committee investigating the disgraced financier Jeffrey Epstein, their lawyers said Monday. A full House vote had been planned this week to hold the Clintons in criminal contempt if they continued to defy subpoenas in its inquiry into Epstein and his activities. Bill Clinton has previously said that he parted ways with Epstein many years before his death in a New York jail cell in 2019, and that he had no knowledge of his crimes.
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