California Governor Gavin Newsom told Bloomberg's Brad Stone that he believes that in spite of creating a windfall for the state, a tax on California's billionaires would pose longer-term issues, including an exodus to other, lower-tax states. Newsom said that despite President Trump's claims that the market does not factor in to his decision making, it is the 'only thing he seems to pay attention to' and acts as a check on the White House. Newsom also weighed in on the immigration crackdown across the country and the fallout from the fatal ICE shootings in Minneapolis.