Balance of Power

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Snow and dangerously bitter cold have begun to spread from the Rocky Mountains to the Great Lakes as a massive storm pushes toward the US Northeast, disrupting travel and threatening power outages for much of the nation.

The storm is expected to span nearly 1,500 miles (2,400 kilometers), bringing heavy snow, crippling ice and subzero wind chill to some of the biggest US cities. Natural gas prices surged on concern iced-over equipment will choke supplies. Airlines have already canceled more than 3,000 flights and Amtrak has pulled dozens of trips from its schedule.

Chicago schools were closed Friday as the third-largest US district braced for wind chills of -30F (-34), while ski resorts in Michigan took the unusual step of shutting slopes because of the extreme cold.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg News Energy Reporter Josh Saul.
Former FEMA Administrator Deanne Criswell.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
Republican Congresswoman Nicole Malliotakis of New York.
Bloomberg Texas Bureau Chief Julie Fine.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Oil fell as Ukrainian President Volodymyr Zelenskiy discussed plans for trilateral meetings with the US and Russia.

West Texas Intermediate traded below $60 a barrel on Thursday. Any breakthrough to end Moscow’s war in Ukraine could iron out supply disruptions and end sanctions on Russian crude in an already oversupplied global market, sapping a longstanding geopolitical risk premium.

Signs of ample supply were evident in a US government report that showed US crude stockpiles rose 3.6 million barrels last week, while fuel stocks rose across the board.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Republican Congressman Andrew Garbarino of New York, Chairman of the House Homeland Security Committee.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
US Army Transformation and Training Command Executive Director Joseph Welch.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

President Donald Trump said he was seeking immediate talks on the US acquiring Greenland while saying he did not plan to use force, during an address to the world’s business and political elite in Davos on Wednesday.

“I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the United States, just as we have acquired many other territories throughout our history,” Trump told attendees of the World Economic Forum in Switzerland.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Former Federal Reserve Vice Chair Lael Brainard.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg News Executive Editor for Canada Derek Decloet.
Bloomberg News Managing Editor for US Equities Michael Regan.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Along the illustrious Davos Promenade, the US administration has taken over a 19th century church that’s been reconsecrated for the week as a shrine to business and politics. On the eve of President Donald Trump’s arrival, a banner hangs behind USA House spelling out, “House of God.”

It’s as good a visual cue as any for the power plays ahead as Trump descends on the Swiss Alps for the first time since 2020 in the final year of what was, with the benefit of hindsight, a more restrained first term. That goes for European leaders as well as the gullible billionaires duped into buying fake tickets for access to Trump’s entourage.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Bloomberg News' Christina Ruffini.
Bloomberg Intelligence Senior US Policy Analyst Nathan Dean.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.

Iran may have averted US strikes for now by pledging not to execute protesters after pressure from President Donald Trump.

Trump told reporters Wednesday he had been informed the “killing in Iran is stopping,” adding he would be “very upset” if the crackdown continued. That was a marked shift from earlier in the week, when he urged Iranians to keep demonstrating and vowed that “help is on the way.”

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Council on Foreign Relations President Emeritus Richard Haass.
Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Republican Main Street Partnership President and CEO Sarah Chamberlain.
Groundwork Collaborative Senior Strategic Advisor Kitty Richards.
Financial Insyghts President Peter Atwater.
See omnystudio.com/listener for privacy information.