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Federal probe into Federal Reserve chief. President Trump says Iran wants to talk. ICE reinforcements head to Minneapolis. CBS News Correspondent Steve Kathan has those stories and more on the World News Roundup podcast.
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Today’s episode of Up First was edited by Daniel Burke, Kate Bartlett, Pallavi Gogoi, Mohamad ElBardicy, and HJ Mai.
It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas.
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(0:00) Introduction
(03:10) Federal Agents Sent to Minnesota
(06:53) Iran Protests
(10:34) DOJ Subpoenas Federal Reserve
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A.M. Edition for Jan. 12. The Justice Department is threatening Federal Reserve Chair Jerome Powell with a criminal indictment, in what Powell is calling an attack on the central bank’s independence. WSJ finance editor Alex Frangos discusses how markets are reacting and what the investigation means for the Fed’s future leaders. Plus, President Trump mulls intervention in Iran as anti-regime protest deaths rise. And bank stocks sag after Trump calls for capping credit-card interest rates. Luke Vargas hosts.
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In a stunning escalation, Federal Reserve Chair Jerome Powell says he’s facing a criminal investigation by a vindictive Trump administration. Anti-ICE protests sweep across hundreds of American cities. And President Trump openly considers military action against Iran amid violent crackdowns.
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Videos verified by the BBC and eyewitness accounts appear to show security forces in Iran ramping up their response to protests that have spread across the country. Activists say dozens of bodies seen piled up in black bags outside a morgue near Tehran are dead protesters. US President Donald Trump says Iran's leadership is seeking to negotiate following his threat of military intervention, but warns that he "may have to act before a meeting".
Also: President Trump tells Cuba to "make a deal" with Washington or face consequences, warning the flow of Venezuelan oil and money to the country will stop. The UK government has paid "substantial" compensation to a man who was tortured by the CIA before being shipped to Guantanamo Bay where he is still imprisoned. Greenland residents tell the BBC they want to be left alone, as their island becomes embroiled in a geopolitical storm. Six skiers have been killed in a series of avalanches across the Alps. Doctors say they have achieved the previously impossible - restoring sight and preventing blindness in people with a rare but dangerous eye condition. Timothée Chalamet, Jessie Buckley and Seth Rogen were among the winners at this year's Golden Globe Awards. And how soon could humanoid robots carry out our household chores?
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The Iranian president has said he's willing to negotiate with genuine protesters over their economic grievances after another night of mass demonstrations. Also on the programme, the president of Cuba has said they are ready to defend their homeland to the last drop of blood following a new threat from Donald Trump to "make a deal" with the US "before it's too late"; and a look at tonight's Golden Globe awards.
(Photo: Iran's President Masoud Pezeshkian speaks during an interview with the state TV, amid protests, in Tehran, Iran in this screengrab obtained from a video released on January 11, 2026. IRIB/via Reuters TV/Handout via REUTERS)
As the deputy chief of staff for policy and one of President Trump’s longest-serving aides, Stephen Miller has been the driving force behind many of Trump’s core policies. Ashley Parker, staff writer for The Atlantic, explains why Stephen Miller has President Trump’s ear.
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This episode was produced by Mia Venkat. It was edited by Sarah Robbins and Rebekah Metzler. Our executive producer is Sami Yenigun.
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As mass protests continue in Iran over economic grievances, President Masoud Pezeshkian says he's willing to negotiate, but accuses foreign powers of stirring up the demonstrations. Tehran says it will retaliate if the US takes military action in defence of the protesters.
Also in the programme: as the US urges its citizens to leave Venezuela immediately, we speak to a former Venezuelan government minister; plus the “mind-reader” who spooked Barack Obama and infuriated a famous podcaster.
(IMAGE: Iran's President Masoud Pezeshkian speaks during an interview with the state TV, amid protests, in Tehran, Iran in this screengrab obtained from a video released on January 11, 2026 / CREDIT: IRIB/via Reuters TV)