Greenland Meeting Ends, Feds Freeze Dozens of Nations' Visas, More
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News when you want it with Bloomberg News Now. I'm Amy Morris. Officials from Greenland and Denmark have met in Washington with Trump White House officials. That meeting now over as President Trump moved to ratchet up the pressure by suggesting NATO help the U.S. acquire Greenland. Bloomberg's Ian Marlowe says this meeting was challenging.
You have a shifting sense of the explanation behind Greenland, and it's showing you just how tricky it is to for these diplomats to come into Washington and actually present a logical case.
Trump posted on social media Greenland is vital for U.S. plans to build the so-called Golden Dome missile defense shield. Meanwhile, sources tell Bloomberg the State Department will suspend processing visas for people from dozens of countries. A department memo says the U.S. is freezing visa processing indefinitely for 75 countries. including Afghanistan Iran Russia Somalia and Brazil. The move effectively closes the door to new travel to the U.S. for more than a third of the world's nearly 200 countries. And a U.S. official says some personnel at a key U.S. military base in Qatar have been advised to evacuate. The decision to evacuate by this evening comes as a senior official in Iran brought up an earlier Iranian attack there.
Qatar says the measures are in response to regional tensions. Reuters reports the U.S. is withdrawing its troops from key bases in the region as a precaution after Iran, in the face of threats by the U.S., said earlier today it had warned its neighbors hosting American troops that it will hit U.S. bases if Washington strikes. A Defense Department contractor who allegedly leaked information to a Washington Post journalist has reportedly been arrested. Attorney General Pam Bondi posted on social media the Justice Department carried out a search warrant at the journalist's home after she allegedly obtained and then reported. classified information from that defense contractor.
What was the outcome of the Greenland meeting with U.S. officials?
In April, Bondi rescinded a policy that prevented officials from searching reporters' phone records when trying to identify government personnel whistleblowers. Bank of America's equity traders posted their best fourth quarter ever, that company reaping the benefits of volatile markets and net interest income, topping analyst estimates. CEO Brian Moynihan told investors he expects Bank of America's headcount to fall in 2026, even while it makes new hires to cover vacancies caused by attrition.
The number one thing is to continue to work the headcount through operational excellence and applications of new technologies, including AI, that we gave you.
Bank of America CEO Brian Moynihan. Shares declined amid concerns about expenses. Bank of America shares about 5% lower overall. We do check markets for you all day long here at Bloomberg. The S&P 500 more than 1% lower, NASDAQ 1.6% lower, and the Dow more than 0.5% lower. The 10-year Treasury yield at 4.13%, the 2-year yield at 3.5%. Federal Reserve Governor Stephen Myron says the Trump administration's deregulatory agenda offers an additional reason to continue lowering interest rates.
I believe that the sweeping deregulation underway in the United States will significantly boost competition, productivity, and potential growth, allowing for faster economic growth without putting upward pressure on inflation.
Myron spoke at the Delphi Economic Forum. Wholesale inflation picked up slightly in November from a month before on a jump in energy costs. The producer price index rose 0.2% for November and 3.5% for the year.
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