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Bloomberg News Now

Bessent Says US 'Won't Back Down' on Greenland, EU Reacts, More

18 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 8.024 Karen Moskow

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.

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8.204 - 21.465 Nathan Hager

And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations.

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21.445 - 27.944 Karen Moskow

Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.

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28.205 - 31.675 Nathan Hager

Find us on Apple, Spotify, or anywhere you listen.

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33.46 - 45.444 Monica Ricks

News when you want it with Bloomberg News Now. I'm Monica Ricks. Treasury Secretary Scott Besson says the U.S. will not back down on taking over Greenland, adding Europe is too weak to ensure its security.

45.685 - 51.857 Scott Besson

I believe that the Europeans will understand that this is best for Greenland, best for Europe, and best for the United States.

51.989 - 67.512 Monica Ricks

Besson telling NBC's Meet the Press taking Greenland should not spell the end of NATO. A German military reconnaissance team has already left Greenland after being deployed there for just 44 hours. But European lawmakers have also called for a halt to a U.S.-EU trade truce.

67.852 - 90.04 Monica Ricks

And France wants to activate the European Union's so-called trade bazooka, an anti-coercion instrument that uses trade measures to pressure policy choices by 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.

90.38 - 92.162 Monica Ricks

Bloomberg's Nathan Hagers in Washington.

Chapter 2: What is the significance of the U.S. stance on Greenland?

176.863 - 187.46 Monica Ricks

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. Here's Bloomberg's Andrew O'Day.

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187.7 - 206.28 Andrew O'Day

He is slated to address the World Economic Forum in Davos, Switzerland. Trump's National Economic Council Director Kevin Hassett says among items the president plans to announce at Davos will be a plan for letting savers in 401k retirement plans use some of their money for down payments on a home purchase. Andrew O'Day, Bloomberg Radio.

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208.555 - 228.658 Monica Ricks

Violent clashes continue in Minneapolis amid pro ice demonstrations now happening in the city. There are only ones escalating. The FBI has asked agents to head to Minneapolis to aid ice. The Pentagon also has troops on standby. The Trump administration will allow more foreign athletes to travel to the US despite its visa ban on dozens of countries.

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229.099 - 249.541 Monica Ricks

The State Department now says athletes, coaches and support staff for events like the World Cup and Olympics can come, but foreign fans are still banned. The CDC keeps flagging surging flu and measles cases, which actually just marked the highest number of cases in the U.S. last year since the early 90s. Dr. Alok Patel is a pediatrician in the Bay Area.

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249.701 - 256.608 Dr. Alok Patel

The majority of cases were in children and teens, and over 90% of cases were in those who were unvaccinated.

256.708 - 271.12 Monica Ricks

In the last 10 days alone, health officials have confirmed hundreds of measles cases in states like South Carolina. And a bill to protect children from social media harms is moving forward, but it's catching some heat on Capitol Hill. Bloomberg's Amy Morris explains from Washington.

271.341 - 290.254 Amy Morris

The Kids Off Social Media Act, or COSMA, would ban kids under 13 from accessing social media accounts and require tech companies to delete existing accounts of young children. But some lawmakers, civil rights groups, and tech officials... SACOSMA raises concerns about free speech, government overreach, and individual privacy.

290.735 - 301.337 Amy Morris

An alternative proposal would require social media companies to prevent harm to minors, and it has enough support for Congress to pass now. In Washington, Amy Morris, Bloomberg Radio.

301.317 - 308.387 Monica Ricks

Tickets for tomorrow's College Football National Championship game are skyrocketing. The cheapest ticket right now is about $3,500.

Chapter 3: How are European lawmakers responding to U.S. actions?

308.727 - 328.455 Monica Ricks

Some have even been listed as high as $30,000. And premium parking, that's more than $9,000 right now. The frenzy is being driven by a large local alumni base and great storylines like Indiana's Heisman Trophy winning quarterback, Fernando Mendoza, who's returning home to play in South Florida. The game's set for tomorrow night at 7.30 p.m. Eastern.

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328.435 - 351.152 Monica Ricks

And more NFL playoff action gets underway later today with the Texans taking on the Patriots and Rams and Bears going head-to-head. Whoever wins moves on to division title games after the Broncos beat the Bills yesterday 33-30. The Seahawks also swept the 49ers 41-6. And that's news when you want it with Bloomberg News Now. I'm Monica Ricks and this is Bloomberg.

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354.035 - 375.141 Unknown

At Davos, the world's leaders, thinkers, and innovators come to talk behind closed doors. But at Bloomberg House, they take their message to the world. Our journalists and headline speakers will explore the ideas reshaping our world, from AI's accelerating impact, shifting markets, and the future of work, to sustainability and the transformation's redefining economies. Don't miss it.

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375.481 - 381.308 Unknown

Join us in person or register for the live stream. Visit BloombergLive.com forward slash Davos.

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384.325 - 389.811 Nathan Hager

I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.

389.831 - 394.536 Carol Masser

Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead.

394.556 - 398.901 Nathan Hager

We've got insight on the people, the companies and trends that are shaping today's complex economy.

399.021 - 413.657 Carol Masser

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

413.637 - 421.095 Nathan Hager

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

Chapter 4: What are the implications of the Supreme Court's tariff ruling?

426.948 - 431.038 Nathan Hager

Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

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431.018 - 435.45 Carol Masser

Check it out on your way home from work to catch up on the conversations that you missed during the business day.

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435.55 - 446.158 Nathan Hager

And on the weekend, check it out for a complete wrap-up of your business week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masser. And I'm Tim Stanevex. Subscribe today wherever you get your podcasts.

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