Dan Schwartzman

Markets reacting negatively to the news on Greenland with futures all down.

from three quarters of a percent to 1.4%, while European markets are also roiled down anywhere from four tenths of a percent to one and a half percent.

At least 39 people are reported dead after a high-speed train carrying around 300 passengers traveling between Malaga and Madrid derailed and hit another train coming in the opposite direction.

The accident took place around 7.45 p.m.

local time.

Spain has one of the world's largest high-speed train networks, which consists of private and state-owned players.

Russian President Vladimir Putin's spokesman Dmitry Peskov says that Putin, quote, received through diplomatic channels, unquote, an invitation to join President Trump's Board of Peace for the reconstruction of Gaza.

Peskov says the Kremlin is reviewing the invitation and is looking to get more details from the U.S.

Others invited to the board include the leaders of Turkey, Brazil, Argentina and Canada, amongst others.

Gold and silver jumped to record highs as President Trump's push to take over Greenland spurred fears of a trade war between the U.S.

and Europe.

Precious metals have rallied sharply this year, with many analysts expecting the gains to continue, citing geopolitical risks and uncertainty undermining growth prospects and trust in the U.S.

dollar.

Spot gold traded near $4,670 an ounce, while silver surged as much as 4.4%.

Overall, precious metals have rallied sharply this year following dramatic gains in 2025.

Japan's Prime Minister Sanae Takeuchi plans to campaign on a two-year cut to the sales tax on food in a snap election that'll take place with early polling beginning on February 8th.

Economists warn the move will cost around 5 trillion yen, that's equivalent to $31.6 billion per year.

Takahichi said she was still considering how to fund the move.

Micron Technology says an ongoing memory chip shortage has accelerated over the past quarter and will last beyond this year due to a surge in demand for high-end semiconductors required for artificial intelligence infrastructure.

According to Micron's executive vice president of operations, the shortage of high-bandwidth memory is leaving a big shortage for the conventional side of the industry, which includes phones and PCs.