Dan Schwartzman

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I'm Dan Schwartzman.

German Finance Minister Lars Klingbeil telling reporters in Berlin Monday that President Trump reached a red line with his threat to hit NATO allies with additional tariffs for opposing his bid to annex Greenland.

Klingbeil said, quote, We are constantly experiencing new provocations.

We are constantly experiencing new antagonism, which President Trump is seeking.

And here we Europeans must make it clear that the limit has been reached.

The minister speaking alongside his French counterpart said there was a European toolbox available to use to respond to economic blackmail, which they believe should be now examined.

Klingbaum was responding to Trump's announcement over the weekend to impose a 10 percent tariff on goods from eight European countries starting February 1st, rising to 25 percent in June unless there's a deal for the, quote, purchase of Greenland.

President Trump linking his claims on Greenland to not being awarded the Nobel Peace Prize in a letter to Norway's prime minister.

The president says the world is not secure unless the U.S.

has, quote, complete and total control of Greenland.

The Nobel Peace Prize, though, isn't decided by the Norwegian government, but is awarded by an independent committee.

Bloomberg's Oliver Crook says, though, the question now is, where do European leaders go from here?

That's Bloomberg's Oliver Crook.

Markets reacting negatively to the news on Greenland, with futures all down from 1% to 1.2%, while European markets are also roiled down anywhere from 2.3% to 1.2%.

According to Spain's transport minister, at least 39 people are dead after a high-speed train carrying around 300 passengers traveling between Madrid and Málaga derailed and hit another 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.