EU to Fight Trump Tariffs, Frey: 'We'll Comply' with DOJ, More

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Karen Moskow 0:00
Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.
Unknown 0:08
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.
Karen Moskow 0:21
Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.
Unknown 0:28
Find us on Apple, Spotify, or anywhere you listen.
Monica Ricks 0:33
News when you want it with Bloomberg News Now. I'm Monica Ricks. Democratic leaders in Congress say they're working on legislation to block tariffs against European countries who oppose a U.S. takeover of Greenland. And European lawmakers have now called for a halt to a U.S.-EU trade truce as ambassadors meet today to discuss the bloc's next steps. This comes as thousands march in Greenland in protest.
Ed Ludlow 0:57
This is important for the whole world. There are many small countries. None of them are for sale.
Monica Ricks 1:04
President Trump says he hasn't ruled out military force, but Danish Prime Minister Mette Frederiksen says NATO would implode if Trump attacks. Syrian troops fighting Kurdish-led forces have seized key oil and gas fields in the country's east. Reuters reports the troops took control of the Omar oil field, which is Syria's largest, as well as a Conoco gas field. Clashes have erupted there amid efforts to integrate the Kurdish group into Syria's new government. The FBI has asked agents across the U.S. to travel to Minneapolis now for temporary duty. The Justice Department and Homeland Security have already increased their presence there. And the Pentagon has troops on standby now for possible deployment to Minnesota if violence escalates.
Monica Ricks 1:47
But people keep protesting ICE raids in Minneapolis and other cities like Chicago.
Nathan Hager 1:52
We are here just sending a clear message that we are going to stay and we are going to stand up for what freedom actually is.
Monica Ricks 1:57
A federal judge has ordered immigration officers not to retaliate against peaceful protesters. Meantime, Minneapolis Mayor Jacob Fries responding to reports that the Justice Department's opened criminal investigations into him and Minnesota Governor Tim Walz. Fries says he hasn't gotten a subpoena yet, but will obey DOJ demands.
Jacob Fry 2:17
Of course, we will comply in it. But at the same time, we need to be understanding how wild this is. And whether it's Senator Slotkin or Governor Walz or myself, this is not the way that we conduct ourselves in America.
Monica Ricks 2:32
Fry on ABC's This Week. He calls the investigation and how ICE has handled operations in the state deeply concerning.

What are the implications of EU fighting Trump tariffs?

Monica Ricks 2:40
President Trump is set to make his Fed chair pick soon, and it looks like one candidate's now gaining traction. Here's Bloomberg's Ed Kalecki.
Nathan Hager 2:47
The candidacy of BlackRock's Rick Reeder to be the next Federal Reserve chair has gained late momentum as President Trump weighs congressional blowback in his bid to put a friendlier face at the head of the central bank. Trump's interview Thursday with Reader went well. Key senators such as Republican Banking Committee member Tom Tillis have warned that Trump's Fed picks will get more scrutiny after the Justice Department subpoenaed the Fed last week over statements by Chair Jerome Powell related to a renovation project at the bank's headquarters. Ed Kalecki, Bloomberg Radio.
Monica Ricks 3:17
Former Fed chair Janet Yellen reacted to Powell's criminal indictment by the Justice Department this week and tells Bloomberg President Trump's attacks on the Fed chair are unprecedented.
Karen Moskow 3:27
I personally never experienced this and no Fed chair that I've ever interacted with has experienced it.
Monica Ricks 3:35
This is a very dangerous thing. Hear more from Janet Yellen on the Everybody's Business podcast. Powell's term as Fed chair is up in May, but he could stay on as a governor for another two years to help protect the Fed. The Supreme Court, by the way, could also decide Fed Governor Lisa Cook's fate this week. The president tried to fire her last year for alleged mortgage fraud.

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