Monica Ricks

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I'm Monica Ricks.

House Speaker Mike Johnson says Greenland is important to the U.S., but he doesn't foresee military intervention despite President Trump's threats to take total control of the territory.

Speaker Johnson on the BBC.

But European lawmakers have now called for a halt to a U.S.-EU trade truce that Trump set last summer as ambassadors meet today to discuss the bloc's next steps, including France's request to activate the European Union's anti-coercion instrument.

It's designed to respond to coercive actions from third countries that use trade measures to pressure policy choices of the EU or its members.

Up until now, it's never been used.

Whether Trump's tariffs take effect also depends on a pending ruling from the Supreme Court.

And Wall Street is looking ahead to Tuesday to hear from those justices.

Bloomberg's Nathan Hagers in Washington.

The Supreme Court's expected to hear oral arguments on Wednesday and decide whether the president has the authority to fire Fed Governor Lisa Cook for cause.

The president accused Cook of alleged mortgage fraud last year, which she denies.

Former Fed Chair Janet Yellen talked to Bloomberg about it, and she says a ruling in Trump's favor would be devastating.

Hear more from Janet Yellen on the Everybody's Business podcast.

Trump's also tried to fire Fed Chair Jerome Powell for cause following repeated attacks for not lowering interest rates enough.

BlackRock CEO Rick Reeder is on Trump's shortlist to be the next Fed chair, and his candidacy now seems to be gaining traction.

Sources tell Bloomberg Reeder's interview with the president went well last week.

Fed Governors Kevin Warsh and Christopher Waller are also up for the job.

President Trump's economic and geopolitical agenda hit the global stage this week.