Chapter 1: What is the main topic discussed in this episode?
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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.
This is important for the whole world. There are many small countries. None of them are for sale.
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.
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Chapter 2: What are the implications of EU fighting Trump tariffs?
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.
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.
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.
I personally never experienced this and no Fed chair that I've ever interacted with has experienced it.
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.
There could be a lot of movement in Hollywood this week. The markets are closed Monday for MLK Day, but after the closing bell on Tuesday, Netflix is set to release earnings from the most recent quarter and could be riding high thanks to big releases like Stranger Things Season 5. There have also been reports that the streaming giant's cash stock deal for Warner Bros.
Discovery could be converted to all cash to help strengthen its bid against Paramount Skydance. Along with Netflix, United and Alaska Airlines are also set to report earnings this week. The market will look to see if they echo last week's quarterly report from Delta, showing all revenue growth coming from sales of premium class tickets.
Sequoia Capital's planning a big investment in Anthropic, the artificial intelligence startup behind chatbot Claude. The Financial Times reports Anthropic wants to raise at least $25 billion in funding over the next few weeks. in a deal that would value the company at $350 billion. Bloomberg reported earlier this month Microsoft and Nvidia also plan to invest.
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Chapter 3: How is the U.S. handling the Greenland takeover controversy?
A blast of winter weather could hit the Midwest and East Coast today, and the South could be next. The National Weather Service says below average temperatures are forecast for the central and eastern US into early next week, with parts of central Georgia and North Florida seeing a bit of snow.
Congress is less than two weeks away now from another government shutdown deadline, but Bloomberg's Nathan Hager tells us lawmakers may be able to avoid the fiscal cliff this time around.
Memories are still fresh from the record 43-day shutdown at the end of last year. Right now, most of the government is still running on a stopgap through January 30th, but this week the House is set to pass the final four of the 12 annual spending bills it needs to keep the government running.
The compromise measures include cuts to the IRS and Environmental Protection Agency, but not nearly as deep as President Trump was looking for. In Washington, I'm Nathan Hager, Bloomberg Radio.
The Denver Broncos will play for the AFC Championship after beating the Buffalo Bills 33-30.
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Chapter 4: What is the current situation with Syrian troops and Kurdish forces?
The Seattle Seahawks also still alive in the playoffs. They'll play for the NFC title. after knocking out the San Francisco 49ers 41-6. And a bit of hiring news in case you missed it. The New York Giants have hired John Harbaugh as coach, fresh off his firing by the Baltimore Ravens. Kevin Stefanski also just got hired as the Atlanta Falcons' new coach. He was let go by the Browns.
And that's news when you want it with Bloomberg News Now. I'm Monica Ricks, and this is Bloomberg.
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Chapter 5: What actions is the FBI taking in Minneapolis?
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