Erica Herskowitz

markets are closed in observance of Martin Luther King Day, but market futures are reacting negatively to the latest on Greenland, with futures all down between three-quarters and one and a half percent.

Fed Chair Jerome Powell says he will attend the Supreme Court's oral argument in a case involving the attempted firing of Fed Governor Lisa Cook.

The case will consider whether President Trump can fire Cook, who has been accused of mortgage fraud, an allegation she's denied.

If Trump succeeds in removing Cook, he could appoint another person to fill her slot, giving his appointees a majority on the Fed's board.

A high-speed train collision in southern Spain has claimed at least 39 lives and left 11 others hospitalized in intensive care.

Authorities say a Madrid-bound train derailed and crossed over to the opposite tracks hitting an oncoming train.

Spain's Prime Minister Pedro Sanchez at the site of the crash said in time the cause of the collision will be known.

Spain's Prime Minister Pedro Sanchez.

Italian fashion designer Valentino Garavani, who achieved global prominence in the 1960s dressing former U.S.

First Lady Jacqueline Kennedy, died Sunday in Rome.

A designer for five decades, Valentino was a phenomenon in the fashion industry, styling royalty to Hollywood stars, including Elizabeth Taylor and Julia Roberts.

After selling his Valentino label in 1998 for $300 million, he continued designing for the brand until his retirement in 2008.

Valentino was 93 years old.

Another NFL coach is out of a job.

The Bills fired head coach Sean McDermott today, just two days after the Bills fell to the Broncos in their divisional playoff game in overtime.

McDermott's tenure ends after nine seasons at the helm.

And the Indiana Hoosiers will be putting their perfect record on the line tonight when they take on the University of Miami in college football's national title game at Hard Rock Stadium.

Kickoff is set for 7.30 Eastern.

That's news when you want it with Bloomberg News Now.

I'm Erica Herskowitz and this is Bloomberg.