Lizzie Burden

Bloomberg's international economics and policy correspondent Mike McKee says that the pivot has driven markets.

Mike McKee speaking there as the president's policy shift appeared to vindicate investors who adhere to the taco trade.

That is buying any dip caused by U.S.

tariff threats because they argue Trump always chickens out when there's a major market sell off.

We now have the stock 600 up 1.1 percent five minutes since the European cash trade.

And UK business leaders want to keep Keir Starmer as Prime Minister, but they're open to backing Farage's reform UK at the next election.

A survey of 500 executives shared exclusively with Bloomberg showed nearly half saw Starmer leaving Downing Street as a serious threat to their business.

Bloomberg's James Woolcock has more.

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 Treasury Secretary Scott Besant has pushed back aggressively after a Danish pension fund said 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 journalists in Davos this morning, Scott Besant had this response.

Scott Besant'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.

Bob Michael, JP Morgan Asset Management's global head of fixed income, says the 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.

The US president's move to strong-arm Europe into a Greenland deal is likely to dominate his appearance at the World Economic Forum in Davos later.

In his address to the event, French President Emmanuel Macron accused Trump of trying to subordinate the EU.