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November 28, 2025 • 16 mins

On today's podcast:
1) One member of the West Virginia National Guard who was shot in the attack near the White House in Washington, DC, died after being in critical condition, President Trump said Thursday. US Army Specialist Sarah Beckstrom, 20, originally from Webster Springs, West Virginia, died after being shot Wednesday. US Air Force Staff Sergeant Andrew Wolfe, 24, remains in critical condition. Federal authorities have identified the suspected shooter as Rahmanullah Lakanwal, 29, an Afghan national who previously worked with US forces and the CIA in Afghanistan before arriving in the US in 2021. He was subdued shortly after the shooting and taken into custody. Trump said he is in serious condition.
2) President Trump called for “reverse migration” in the US as he outlined a series of potential measures to crack down on immigration, including halting admissions from unspecified developing nations and revoking citizenship from some naturalized migrants. In a pair of Truth Social posts late Thursday that disparaged many US immigrants, Trump said he would “permanently pause migration from all Third World Countries” and “denaturalize migrants who undermine domestic tranquility.” Trump offered no details on how he would implement these policies or what he considers a “third world” country, an ill-defined and often offensive term for developing nations. Congress for years has failed to pass major immigration reforms, and courts have blocked some of his previous executive orders limiting immigration.
3) Washington's proposals for ending the war in Ukraine could be the basis for future agreements, but no final version exists yet, Russian President Vladimir Putin said, while signaling an openness to talks. The Kremlin confirmed on Wednesday that US presidential envoy Steve Witkoff was expected to visit Moscow next week and meet with Putin, as President Trump continues his push for a resolution to Moscow’s nearly four-year-old invasion of Ukraine. Trump on Tuesday said there was “tremendous progress” made over the past week on his peace proposal, the original draft of which drew the ire of Ukrainians and Europeans.

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Episode Transcript

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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.

Speaker 2 (00:10):
Good morning.

Speaker 3 (00:10):
I'm Nathan Hager and I'm Lisa Matteo. Here are the
top stories we're following today.

Speaker 4 (00:15):
Lisa, we begin though, with the latest on the attack
on the two National Guard members in Washington, d C.
One of the West Virginia Guard members who was shot
near the White House has died. President Trump announced it
during his Thanksgiving phone call to service members.

Speaker 5 (00:30):
Sarah Beckstrom of West Virginia, one of the guards men
that we're talking about, highly respected, young, magnificent person, started
service in June of twenty twenty three, outstanding in every way.
She's just passed away.

Speaker 4 (00:47):
And President Trump says the other wounded Guard member, Air
Force staff Sergeant Andrew Wolf, is still in critical condition,
fighting for his life. The suspect in their shooting has
been identified as twenty nine year old rock Manula Lockenwall.
He's an Afgha national who had worked with US forces
and the CIA before arriving in the US in twenty
twenty one. West Virginia Governor Patrick Morrissey says his state

(01:07):
has the Guards back.

Speaker 6 (01:09):
This is unspeakable violence in Afghani came in and did
outrageous things. We need to have a comprehensive investigation, and
ultimately that investigation needs to lead to justice.

Speaker 4 (01:23):
West Virginia Governor Patrick Morrissey spoke in a Thanksgiving address
to his state. Attorney General Pam Body has said she
would seek the death penalty if either of the victims.

Speaker 3 (01:32):
Died, and now, following this shooting Nathan, President Trump is
calling for reverse migration in the US as he outlined
a series of potential measures to crack down on immigration.
They include halting admissions from unspecified developing nations, also revoking
citizenship from some naturalized migrants. In a pair of truth
social posts late last night, the president said he would

(01:54):
permanently pause migration from all third world countries and denaturalized
migrants who under domestic tranquility. He added that he would
terminate millions of admissions under his predecessor, Joe Biden, and
remove anyone who is not a net asset to the
United States or is incapable of loving our country. President
Trump also said he would end all federal benefits for

(02:15):
non citizens.

Speaker 4 (02:16):
And during that phone call with service members Lisa, President
Trump said his administration may cut income taxes sharply for Americans.

Speaker 5 (02:24):
Over the next couple of years, I think will substantially
be cutting and maybe cutting out completely. But we'll be
cutting income tax because of tariffs. And we're taken in
hundreds of billions of dollars like we've never done before,
and some of that's going to go back in the
form of a sort of dividend to our people.

Speaker 4 (02:44):
President Trump suggested revenue coming from tariffs would make up
for the loss.

Speaker 6 (02:48):
Well.

Speaker 3 (02:48):
At least one hundred and twenty eight people are now
known to have died in that devastating Hong Kong fire.
It's still unclear how many residents remain unaccounted for after
the blaze tour through a cluster of eight residential tasks.
Although it's still too early to tell what caused the
deadly fire, but there is now intense scrutiny of the
Financial Center's enforcement of safety standards and use of construction materials,

(03:10):
after inspections had flagged risks well before the disaster. Derek
Armstrong Chen, the Deputy Director of Fire Services for Operations,
says his crews are now going from apartment to chart
apartment checking for more bodies.

Speaker 7 (03:23):
Our fire fighting operation is almost complete. Despite that, we
are still carrying out firefighting operation to four individual units
and dumping down to various units of the seven blocks
are still in progress so that so as could prevent

(03:44):
the debris and embers from flaring out.

Speaker 3 (03:48):
Hong Kong's Deputy Director of Fire Services, Derek Armstrong chan
Now police have arrested several senior figures from an engineering
company on suspicion of manslaughter.

Speaker 8 (03:58):
Really soa.

Speaker 4 (03:58):
Russia's President Bloody Putin says he is open to talks
about a peace plan with Ukraine, though he says no
final version exists yet.

Speaker 9 (04:05):
We can see that's American sides pleas in mind in
some way our position which was discussed encourage and after Alaska,
we have to sit down and discuss certain concrete issues.

(04:26):
We have to translate it into diplomatic language.

Speaker 4 (04:30):
That was Russian President Vladimir Putin speaking through an interpreter,
and the Kremlin has confirmed that White House Special ENVOYE.
Steve Wikoff will visit Moscow next week and meet with Putin.

Speaker 3 (04:40):
Ukrainian Anti Corruption Authority search the apartment of andre Yermak,
the influential top aide to President Vladimir Zelensky, as the
country is reeling from a major grafh scandal and coming
under pressure in the US led peace talks. The National
Anti Corruption Bureau and the Specialized Anti Corruption Prosecutor's Office
carried out those searches early this morning. Your mac can
firm that investigators were conducting procedural actions at his home

(05:04):
and said he was cooperating fully.

Speaker 4 (05:05):
All right, let's turn back to these markets now, Lisa.
Trading of futures and options on the Chicago Mercantile Exchange
is halted. It is a technical issue at the CME's
data centers. A spokesperson for CME groups as a cooling
issue at cyrus I Data Centers caused the halt. It's
affected contracts, including those for US crude oil, gasoline, and

(05:27):
palm oil. Nicholas Leua covers oil for Bloomberg News.

Speaker 10 (05:31):
It's a dark black Friday for the US, and traders
who are hoping for a quiet session indeed got more
than what they bargained for. It's very clear that this
is an unprecedented outage.

Speaker 4 (05:43):
Bloomberg's Nicholas Lewa adds a contracts for treasuries and Wall
Street futures are affected as well, along with other platforms.
CME says it is working to resolve the issue in
the near term and will advise clients of pre open
details as soon as they're available.

Speaker 3 (05:57):
Well Gold is on track for a fourth monthly gained
on heightened expectations for another interest rate cut in the US,
Silver advanced to within a dollar off record. Gold is
up nearly five percent for the week. A series of
comments by Federal Reserve officials and the release of delayed
economic data have supported the case for lower barring costs,
which typically benefit gold as it doesn't pay interest swap

(06:18):
traders are pricing in a more than eighty percent chance
of a quarter point cut in December.

Speaker 4 (06:23):
And north of the border Lisa Canadian Prime Minister Mark
Carney has unveiled a sweeping energy plan with the province
of Alberta. Includes a new oil pipeline, a massive carbon
capture project, and the construction of nuclear power for data centers.
The plan aims to reduce Canada's economic dependence on the
US and unlock Alberta's energy resources while creating new, high
paying careers for Canadians.

Speaker 11 (06:45):
It really sets the stage for an industrial transformation. At
the core of the agreement, of course, is a priority
to have a pipeline to Asia. That's going to make
Canada stronger. Here for independent, more resilient, more sustainable.

Speaker 4 (07:03):
Canada's Prime Minister markcarniads the country's tight interdependence with the US,
which was once his strength, is now a weakness. Canada
shipped more than ninety five percent of its energy exports
to the US last year, but that was before President
Trump began slapping tariffs on Canadian goods.

Speaker 3 (07:21):
Time now for a look at some of the other
stories making news in New York and around the world.
For that, we're joined by Bloomberg's Michael Ballar. Good Morning, Michael,
Good Morning.

Speaker 8 (07:28):
Le said Black Friday and Cyber Monday sales may be
more important than ever as the holiday shopping season officially
kicks off. Shoppers may not spend as much.

Speaker 12 (07:38):
We have to take a cut in when it comes
to the luxury things, but the necessities.

Speaker 2 (07:42):
Definitely come first.

Speaker 8 (07:44):
Inflation, the government shut down, and questions about jobs numbers
all contributing to the lowest consumer confidence numbers since April. However,
in Glendale, California, Alex Cover with the Glendale Galleria says
they open at nine am local time, but he expects
to see people earlier.

Speaker 12 (08:02):
We're going to have you know, customers who're ready to
be here at eight am, nine am. The second the
door is open and track is going to continue to flow,
and it's all going to go great.

Speaker 8 (08:13):
The recent survey found shoppers will spend about four percent
less this Black Friday and Cyber Monday than last year,
about six hundred and twenty two dollars. Pope Leo was
encouraging Turkey to be a source of stability and dialogue
in a world driven by conflict. The American Pope emphasized
a message of peace as he arrived yesterday in Anchora

(08:34):
on his first foreign trip as pontiff.

Speaker 13 (08:36):
In a society like the one here in Turkey, where
religion plays a visible role, it is essential to honor
the dignity and freedom of all God's children, both men
and women, fellow nationals and foreigners, poor and rich.

Speaker 8 (08:55):
After meeting with Turkish President Race of Time at Bertawan,
Leo praised Turkey's his story roll as a bridge between
east and West. A powerful six point zero magnitude earthquake
hits south central Alaska Thanksgiving morning. It woke people up
about thirty miles from Anchorage. Shannon McCarthy of the Alaska
Department of Transit says, damage assessment continues.

Speaker 3 (09:16):
The highways are an area that we do need to
take a look at see if we have any cracks,
if we have any failures.

Speaker 8 (09:22):
Shannon McCarthy of the Alaska Department of Transit says, in
terms of the state's infrastructure, it's built to take a
six point zero quake. So far, no known major damage
or injuries. Global News twenty four hours a day and
whenever you wanted with the Bloomberg News. Now, I'm Michael Barr.
This is Bloomberg Lisa.

Speaker 2 (09:40):
Thank you, Michael.

Speaker 3 (09:40):
Time now for our Bloomberg Sports update, and for that
we bring in Dan Schwartzman.

Speaker 14 (09:45):
The Packers beat the Lines thirty one to twenty four
in Game one of the Thanksgiving triple Header as Jordan
Love threw for four touchdown passes, green Bay improving to
eight three and one, well Detroit drops to seven and five.
The Chiefs in danger of missing the plaff for the
first time since twenty fourteen and for the first time
in the Patrick Mahomes era after losing to the Cowboys
in Dallas thirty one to twenty eight, default to six
and six. On the season, Cowboys have now won three

(10:07):
in a row and improved to six' five and. One
bengals dominate The ravens In baltimore thirty two to, fourteen
Snapping baltimore's five game winning. Streak At Joe burrow threw
two touchdowns in his first action Since week two after
going out with the toe. Injury The Golden State warriors
will be Without Steph curry for a round a week
after AN mri confirmed a quad contusion and muscle. Strain
that's Your Bloomberg sports.

Speaker 2 (10:28):
Update stay with us more From Bloomberg daybreak coming up after.

Speaker 1 (10:33):
This coast to coast On Bloomberg radio nationwide On Serious
exam and around the world On bloomberg Dot com and
The Bloomberg Business. Apple this Is Bloomberg.

Speaker 4 (10:48):
Daybreak good, Morning I'm Nathan. Hager President Donald trump is
calling for a sweeping crackdown on immigration following the attack
on a pair Of National guard members In, WASHINGTON dc
that has now turned. Deadly for the very latest were
joined by Blue Burg's WASHINGTON Dc Breaking news Editor Alexander.
Pearson alex good. Morning could you update us on this?
Attack what we know so far about the.

Speaker 15 (11:06):
Suspect good, morning and so we know that the suspect
is a twenty nine year Old afghan national who entered
The United states in twenty twenty one AFTER us forces
withdrew from the. Country we also know that prior to,
that the suspect had been working WITH us, forces including THE.
Cia now he's been living In Washington state recently and

(11:33):
is supposed to have driven actually From Washington state To,
washington D. C so across the entire country to commit
this act of violence against Two National guard. Members the
other update in this incident, is unfortunately that one of
Those National guard members who was shot died of a.
Knight President trump announced, that and meanwhile the Other National

(11:53):
guard member is still in a critical. Condition THE Fbi
Director Cash betel says it's a a terrorism, investigation although
they have not yet said what they believe the motive
to have been in this.

Speaker 4 (12:06):
Case, well what we do, know besides the fact that
this has become a terrorism, investigation is That President trump
really seems to be seizing on this to sort of
further his immigration crackdown agenda even More alex absolutely.

Speaker 15 (12:22):
So President trump already announced that there would be consequences
For african, nationals in. Particular as a result of this
yesterday and then very late last, night he then took
to Truth social to publish a post in which he
said he would permanently, pause as he put, it migration
from third world, countries which is also the term he,

(12:44):
used without actually specifying which countries that. Meant alongside, that
he also said he would seek the deputation of foreigners
who was he said it not a net asset to
The United, states cut federal benefits for n is living
in THE, us and also strip permanent residency and even

(13:04):
ACTUALLY us citizenship from naturalized citizens who deemed to not
align with the administration's. Agenda he did not really give
anything more in terms of, specifics so we're still waiting
for him to follow up on, that or for any
Other White house official to follow up on, that but
it certainly seems like a major escalation in terms of

(13:25):
his immigration crackdown, agenda.

Speaker 4 (13:27):
And in some of that escalation we're hearing as, well
alex is some pretty heavy criticism of the previous administration
when it comes to how it handled the evacuation of
parts Of afghanistan following the takeover by The. Taliban do
we know specifically whether the suspect in this case was
part of that sort of chaotic withdrawal From.

Speaker 15 (13:49):
Kabble we do know that he came In september twenty twenty,
one so it was actually after the to the. Fall
as far As i'm, aware he was not part of
that particular chaotic withdrawal that we all. Remember and we
do know that earlier this year he actually received. Asylum

(14:12):
and because he actually was working with THE cia AND
us forces In afghanistan prior to the fall of, couple
he would have been vetted quite heavily in terms of his.
Background so in this particular, case it's sort of questionable
to say he wasn't. Vetted But trump was obviously using
this now to make a broader point, about you, Know
afghan migration as a whole since the fall of A

(14:35):
couple in twenty twenty.

Speaker 4 (14:37):
One and of, course certainly this is coming at a
time where we've seen pretty heavy enforcement of immigration with
raids and major, cities many of them led By democrats as.
WELL i, mean how much further could this go given
what we've heard from The president just in these truth
social posts in the last few.

Speaker 15 (14:53):
Hours it's a very good, question because it's not entirely
clear how much he could even implement a of what
he's just. Announced he does have quite broad authority to
regulate migration from certain, countries so the policy of just
stopping migration from certain countries could probably be implemented with his.

(15:13):
Authority The Supreme court has ruled in his favor in
the past on similar kind of, policies but in terms
of actually the policies it would affect foreigners and NATURALIZE
us citizens in THE. Us right, now he, doesn't you,
Know It's i'm no, lawyer but it seems highly questionable
that he would have that kind of authority Without congress
first amending immigration and naturalization laws to allow him to do.

(15:36):
That so it's not really clear how quickly or how
far he can actually go with these latest.

Speaker 2 (15:41):
Threats this Is bloomberg Day, break your morning podcast on
the story's making news From Wall street To washington and.
Beyond look for.

Speaker 3 (15:51):
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Speaker 2 (15:56):
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Speaker 3 (16:10):
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Speaker 2 (16:16):
Winterfaces and don't forget to subscribe To Bloomberg News. Now
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Speaker 3 (16:31):
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