Alex Ossola

Here's your midday brief for Wednesday, January 21st.

I'm Alex Osola for The Wall Street Journal.

He repeated his claim that only the U.S.

is capable of defending Greenland and that the U.S.

needs to take control of the territory purely for security.

U.S.

stocks opened higher during Trump's speech, and the Dow was up about 1 percent in mid-morning trading.

Lawmakers in the European Parliament have suspended work on a major trade agreement with the U.S.

in response to President Trump's push to acquire Greenland.

The decision puts the European Union's plan to slash tariffs on a range of U.S.

industrial products on hold.

The Europeans move comes after Trump's threat to impose new tariffs on eight European countries that have opposed his plan to buy the Danish territory.

A European official says that the U.S.

is undermining the stability and predictability of trade relations.

And Charles Schwab says its quarterly profit jumped 34 percent to nearly $2.5 billion.

A surge in activity from younger investors helped drive Schwab's trading revenue up 22 percent.

Many of the traders betting on stocks, options, and other asset classes are millennials and Gen Z, and Schwab is angling to capture their business.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have more coverage of the day's news on the WSJ's What's News podcast.

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