Episode summary
Winter Storm Pummels East Coast; Dems Threaten Shutdown After Latest Minneapolis Killing |...
Summary
The storm that dumped snow, sleet and freezing rain across the East Coast was receding, but travel and utility disruptions continued to dominate the morning. Bloomberg meteorologists said the core system had moved offshore, yet Boston, New York and parts of the Mid-Atlantic were still dealing with ice, dangerous roads and lingering cold. Airlines were trying to recover after more than 3,600 cancellations, while power demand remained strained with more than 800,000 homes and businesses without electricity nationwide.
The shooting of Alex Pretti in Minneapolis escalated into a broader political fight over immigration enforcement and government funding. Minnesota Governor Tim Waltz accused federal agents of overreach, while Democratic senators threatened to block a spending bill unless Homeland Security money was removed. The host said the standoff increased the risk of a shutdown at week’s end, while Republican leaders signaled they would try to keep the package intact.
Markets were also reacting to policy volatility. Gold surged above $5,000 an ounce as the dollar weakened, with the analyst tying the move to debt worries, tariff threats and concerns about Federal Reserve independence. The show also previewed a busy week of tech earnings, with the host saying investors will scrutinize whether heavy AI spending is translating into profits.
Key takeaways
- The analyst said the winter storm’s core had passed, but lingering ice and extreme cold would keep travel difficult for days.
- More than 800,000 homes and businesses were without electricity nationwide as power grids faced unusually heavy seasonal demand.
- The host said Democratic threats to strip Homeland Security funding from the spending bill raised the odds of a shutdown by the end of the week.
- The analyst said gold above $5,000 an ounce reflected fear in markets, debt concerns and uncertainty around Trump’s trade policy.
- The host said Meta, Apple, Tesla and Microsoft will be watched this week for evidence that AI spending is boosting profits.
Notable quotes
“The core of the storm is over the main precipitation in the form of snow, sleet, and ice is continuing”
“More than 800,000 homes and businesses nationwide have been without electricity”
“We must have transparent investigations, not only of the shooting of Alex Prey, but of course uh the shooting of Renee Good”
“President Trump threatened Canada with 100% tariffs this weekend if it reaches a trade deal with China”
“gold smashing through $5,000 an ounce. Uh, right now 5119”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager. — And I'm Karen Moscow. Here are the stories we're following today. — Karen, we begin with the powerful winter storm that pounded a large part of the country. For the very latest, we bring in Bloomberg meteorologist Craig Allen. Craig, tell us it's over.
Yes, Nathan. It's basically over. The core of the storm is over the main precipitation in the form of snow, sleet, and ice is continuing over upstate New York and across portions of Maine.
Boston is still under a winter storm warning this morning because of leftover ice. In other words, a little bit of freezing rain and freezing drizzle. Uh Washington DC as well.
The New York City area, there's nothing more right now than a cold weather advisory. Same thing on down towards Washington DC. Uh the problem here is that whatever we picked up over the weekend is not going anywhere fast.
Uh it was approximately a 5 to 10 in snowfall for DC and Baltimore. 10 to 15 as you know around New York City and 15 to 20 up towards Boston. And there were some sections of New England that picked up over 20 ines of snow.
Came close to about 2 feet. So now you've got this uh the this ice that's sitting on top of the snow and it's just going to get harder and harder to move. So any kind of clearing during the day today or the next several days is going to be very very tough.
All right, uh Bloomberg meteorologist Craig Allen, thank you. Of course, we'll be checking in with you throughout the morning and travel particularly through the air continues to be a major headache this morning. Bloomberg's Lisa Mateo continues our team coverage in New York.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- winter storm power grids
- government shutdown risk
- tariffs on canada
- border security crackdown
- canada china ev exports
Companies and tickers mentioned
- Boxcar
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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