October 12, 2026: Rep. Omar Addresses Home Search, GOP Reacts to Diesel Deal, More

0:02 News when you want it with Bloomberg News Now, I'm Matt Piper. Federal agents executed a search warrant at the Washington, D.C. home of Minnesota Democratic Congresswoman Ilhan Omar. The search was reportedly connected to an investigation into Omar's immigration paperwork. The move was condemned by top Democrats in Congress, and in a statement on social media, Omar called the search an attempt by the Trump administration to target political enemies and weaponize federal law enforcement. Ukrainian President Volodymyr Zelensky says long-range strikes against Russia will continue. Zelensky says Moscow has already violated the so-called energy ceasefire that President Trump announced online yesterday by attacking a Ukrainian power plant.

0:39 If Russia wants us to stop our long-range strikes against its oil refineries and oil exports, then Russia must stop its strikes against our energy system and critical infrastructure and stop killing our people.

0:59 The Kremlin says they have nothing to say yet on an energy truce, though contacts are continuing. President Trump's deal with Moscow on its diesel exports, along with his praise for Russian President Vladimir Putin, is drawing criticism from Republicans ahead of the midterm elections. Trump has said he's working with Putin to release more Russian diesel supplies into global markets, upending years of sanctions. The move is part of an effort to ease fuel prices ahead of the midterms. New York Republican Congressman Mike Lawler.

1:26 I fundamentally am opposed to any deal with Russia that would put money in their pockets, especially as they continue this war of aggression against Ukraine.

1:38 That's New York Republican Congressman Mike Lawler speaking on Bloomberg's balance of power. He went on to say that the answer to U.S. energy supply issues lies in shoring up U.S. domestic energy production and building new refineries. Saudi Arabia is facing a growing security threat following deadly attacks by Iran-backed Houthi rebels. A Saudi-led coalition says it has intercepted missiles and drones aimed at the kingdom. The latest attacks followed deadly strikes on Riyadh's main airport over the weekend. Here's Bloomberg's national security editor, Ian Marlowe.

2:07 It's getting really bad. And I think this is, for Saudi in particular, this is the worst we've seen throughout the whole Iran war in terms of the fallout. And now we have a proxy group in Yemen. And I think we're seeing something that could push the U.S. to potentially get increasingly bogged down.

2:26 Bloomberg's national security editor, Ian Marlowe. The attacks come as Saudi Arabia hosts the World Petroleum Congress this week. The CEOs of BP and Shell are among several top oil executives who are no longer scheduled to attend in light of the violence. A federal judge has ordered the Trump administration to halt work for a day on a historic D.C.

2:45 golf course pending more court action. Bloomberg's Amy Morris is in Washington.

2:50 U.S.

2:51 District Judge Anna Reyes was furious when she learned 430 trees were felled over the holiday weekend. During a tense, three-hour-long hearing, she blistered the government for having deceived her Reyes says the one-day order could be extended to 14 days if necessary. It was limited to one day while the government tries to find a key Trump administration official who can explain why that massive tree cutting at the park needed to happen over the holiday weekend with little notification to plaintiffs or the judge. In Washington, Amy Morris, Bloomberg Radio.

3:22 In its report just out at the IMF in Thailand, the IMF says global growth should pick up next year with a boost from AI investment, but is warning the world economy is nearing the limits of its resilience as the energy squeeze persists and financial risks build. It said growth will accelerate to 3.4% in 2027. That is unchanged from the last update in July, while the forecast for this year was raised slightly to 3.1%. The organization in its report outlined several areas of concern, saying the world has run down its energy inventories to absorb supply shortages since the U.S. attacked Iran and those buffers could wear thin as the conflict drags on. It also says the artificial intelligence boom has powered demand for hardware and could

4:08 deliver broad gains in productivity, but it comes with financial risks attached. If you've logged on to social media at all, you may see that Meta has released a new artificial intelligence model called Muse Wonder, which the company claims is a big leap over its predecessors with so-called frontier capabilities.

4:26 The model is said to be competitive with OpenAI's ChatGPT and Anthropix Cloud, particularly in coding, financial, or legal questions, and it will soon power the subscription version of Meta's personal AI agent, Muse. Here's Bloomberg's Riley Griffin.

4:41 They've purpose-built this model.

4:43 for agentic capabilities, those personal and professional.

4:46 Agents that can act like assistants.

4:48 In conducting tasks and work on their own. Meta, unlike its competitors, is really trying to scale this out at a consumer level. Bloomberg's Riley Griffin, Meta's shares rose as high as 4.7% on the announcement. The stock has gained nearly 9% so far this year through last week's close. Meta's stock today closed up 3%. In Georgia, police say one person has died and several others were injured in an incident involving a Six Flags roller coaster. Cobb County police say it happened at Six Flags over Georgia, that's just outside Atlanta. Officials have not yet said how the person died or what caused the others to be injured.

5:25 Last month, Six Flags Magic Mountain in California announced that it was retiring its famous X2 roller coaster amid lawsuits alleging serious brain injury caused by it. Six Flags recently settled a wrongful death lawsuit from the family of a 22-year-old man who died after riding that coaster in 2022, and three more lawsuits alleging traumatic brain injuries were filed just last week. And that's news when you want it with Bloomberg News Now. I'm Matt Piper, and this is Bloomberg.