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Bloomberg News Now

Markets Fall on Greenland News, Trump Ties Nobel Prize to Greenland, More

19 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 - 27.95 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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28.211 - 31.624 Nathan Hager

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

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33.697 - 51.101 Dan Schwartzman

News when you want it with Bloomberg News Now. I'm Dan Schwartzman. German Finance Minister Lars Klingbeil telling reporters in Berlin today that President Trump reached a red line with his threat to hit NATO allies with additional tariffs for opposing his bid to annex Greenland. Klingbeil said, quote, We are constantly experiencing new provocations.

51.381 - 67.506 Dan Schwartzman

We are constantly experiencing new antagonism, which President Trump is seeking. And here we Europeans must make it clear that the limit has been reached. The minister speaking alongside his French counterpart said there was a European toolbox available to use to respond to economic blackmail, which they believe should be now examined.

67.867 - 71.433 Dan Schwartzman

British Prime Minister Keir Starmer says the decision is not Trump's to make.

71.833 - 85.135 Keir Starmer

Any decision about the future status of Greenland belongs to the people of Greenland and the Kingdom of Denmark alone. That right is fundamental.

86.144 - 106.093 Dan Schwartzman

And we support it. That's British Prime Minister Keir Starmer. Meanwhile, German Chancellor Friedrich Merz says he's trying to persuade French President Emmanuel Macron to tone down his response to President Trump. Macron wants to activate the European Union's so-called anti-coercion instrument, but Germany doesn't want to resort to that yet as the country depends on exports more than France.

Chapter 2: What news caused markets to react negatively regarding Greenland?

184.504 - 207.718 Dan Schwartzman

and Europe. Precious metals have rallied sharply this year, with many analysts expecting the gains to continue, citing geopolitical risks and uncertainty undermining growth prospects and trust in the U.S. dollar. Spot gold traded near $4,670 an ounce, while silver surged as much as 4.4%. Overall, precious metals have rallied sharply this year following dramatic gains in 2025.

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209.021 - 228.277 Dan Schwartzman

Japan's Prime Minister Sanae Takeuchi plans to campaign on a two-year cut to the sales tax on food in a snap election that'll take place with early polling beginning on February 8th. Economists warn the move will cost around 5 trillion yen, that's equivalent to $31.6 billion per year. Takahichi said she was still considering how to fund the move.

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228.758 - 239.98 Dan Schwartzman

Micron Technology says an ongoing memory chip shortage has accelerated over the past quarter and will last beyond this year due to a surge in demand for high-end semiconductors required for artificial intelligence infrastructure.

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239.96 - 258.188 Dan Schwartzman

According to Micron's executive vice president of operations, the shortage of high-bandwidth memory is leaving a big shortage for the conventional side of the industry, which includes phones and PCs. The company is expanding its manufacturing capacity in the U.S. and Asia to address the shortage, including a $100 billion production site in upstate New York.

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258.168 - 271.54 Dan Schwartzman

According to CounterPoint Research, Apple retook the top spot in China after iPhone shipments jumped 28 percent during the holiday quarter. The growth came at the expense of Huawei Technologies and Xiaomi, both of which experienced double-digit percentage declines.

271.56 - 288.175 Dan Schwartzman

The iPhone 17 generation of devices drew consumers, with Apple's handsets accounting for one in every five shipments in the December quarter. Cryptos fell sharply as risk assets slipped and haven demands strengthened after President Trump proposed new levies on eight European countries for their support of Greenland.

288.155 - 314.344 Dan Schwartzman

Bitcoin slid by as much as 3.6% to below $92,000, while other tokens posted steeper losses, with the sell-off knocking about $100 billion off the crypto market's total value. Bitcoin had risen back up to just shy of $98,000 on January 14th before the latest drop. Tesla CEO Elon Musk said the carmaker will resume work on the Dojo 3 project after making progress on the design of its AI5 chip.

314.364 - 336.288 Dan Schwartzman

Tesla had abruptly ended the Dojo project last year, which revolved around an in-house AI supercomputer for developing driverless vehicle technology. Musk, posting on X, also invited job applications for what he described as, quote, the highest volume chips in the world. Last year, Tesla and Samsung signed a $16.5 billion pact that would see Samsung produce the next generation of AI6 chips.

336.769 - 353.787 Dan Schwartzman

College football's national championship game tonight at Hard Rock Stadium in Miami as the Indiana Hoosiers are facing the Miami Hurricanes. Kickoff is scheduled for 7.30 p.m. Eastern time. In the NFL, the Buffalo Bills firing head coach Sean McDermott after nine years after the team lost in the divisional round to the Broncos in Denver.

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