Lizzie Burden

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

The US Treasury Secretary Scott Besant has pushed back aggressively after a Danish pension fund said that it plans to sell its holdings by the end of the month.

Academica Pension, which has about $100 million in US treasuries, cited US fiscal policies and Trump's desire to own Greenland as reasons for the decision.

But speaking to Bloomberg's journalist in Davos this morning, Scott Besant had this response.

Scott Besson's comments come after Tuesday's US market rout that saw the S&P 500 erase its 2026 gains as it logged its worst day since October.

And Bob Michael, JPMorgan Asset Management's global head of fixed income, says those moves shouldn't be ignored.

Bob Michael spoke to Bloomberg as one measure tracking US stocks, treasuries, corporate bonds and Bitcoin showed that Tuesday marked the worst session since April's tariff-induced sell-off.

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

I'm Lizzie Burden.

News when you want it with Bloomberg News Now.

I'm Lizzie Burden.

The US president is reinforcing his increasingly aggressive push for ownership of Greenland.

Speaking in Florida over the past few hours, Donald Trump called the island a national security necessity to counter Russia and China.

Trump added that he does not expect the European Union to offer significant resistance.

Trump went on to say that he'll discuss Greenland with several parties while attending the World Economic Forum in Davos.

His latest comments come as Germany's Chancellor, Friedrich Merz, sought to de-escalate tensions following the threat of tariffs on eight European countries.

German Chancellor Friedrich Merz speaking through a translator there after the French President Emmanuel Macron said that the EU should consider using its most powerful trade tool, the anti-coercion instrument.

That would allow for additional tariffs, new taxes on overseas firms and even foreign investment curves.

Yields on Japanese bonds, meanwhile, have soared to new records as investors show their displeasure at Prime Minister Sanae Takeuchi's election pitch to cut taxes on food.