Bloomberg News Now
Markets React to Trump/Greenland, Trump Links Nobel to Greenland, More
19 Jan 2026
Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Dan Schwartzman. President Trump has linked his claims on Greenland to not being awarded the Nobel Peace Prize in a letter to Norway's prime minister. The president says the world is not secure unless the U.S.
Chapter 2: How did President Trump link Greenland to the Nobel Peace Prize?
has, quote, complete and total control of Greenland. The Nobel Peace Prize, though, isn't decided by the Norwegian government, but is awarded by an independent committee. President Trump is threatened to hit European countries with a 10% levy on February 1st.
Trump threatened the tariff on goods from eight European countries, which could rise to 25% in June, unless there's a deal for the, quote, purchase of Greenland. British Prime Minister Keir Starmer says the decision is not Trump's to make.
Any decision about the future status of Greenland belongs to the people of Greenland and the Kingdom of Denmark alone. That right is fundamental, and we support it.
That's British Prime Minister Keir Starmer. Meanwhile, German Finance Minister Lars Klingbeil told reporters in Berlin Monday that President Trump reached a red line with this threat to hit NATO allies with additional tariffs for opposing his bid to annex Greenland. Klingbeil said, quote, We are constantly experiencing new provocations.
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.
Klingbaugh was responding to Trump's announcement over the weekend to impose tariffs on goods from eight European countries. Markets reacting negatively to the news on Greenland with futures all down from 1% to 1.5%, while European markets are also roiled down anywhere from 0.6% to 1.5%.
According to Spain's transport minister, at least 39 people are dead after a high-speed train carrying around 300 passengers traveling between Madrid and Malaga derailed and hit another coming in the opposite direction. The accident took place around 7.45 p.m. local time. Spain has one of the world's largest high-speed train networks, which consists of private and state-owned players.
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Chapter 3: What are the implications of Trump's tariff threats on European countries?
Russian President Vladimir Putin's spokesman Dmitry Peskov says that Putin, quote, received through diplomatic channels, unquote, an invitation to join President Trump's Board of Peace for the reconstruction of Gaza. Peskov says the Kremlin is reviewing the invitation. and is looking to get more details from the U.S.
Cryptos fell sharply as risk assets slipped and haven demand strengthened after President Trump proposed new levies on eight European countries for their support of Greenland. 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. Gold and silver jumped to record highs on President Trump's push to take over Greenland, spurring fears of a trade war between the U.S. and Europe.
Precious metals 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.
Tesla CEO Elon Musk says the carmaker will resume work on the Dojo 3 project after making progress on the design of its AI5 chip. 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 AI6 chip.
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 will take place with early polling beginning on February 8th. Economists warn the move will cost around 5 trillion yen, equivalent to $31.6 billion per year. Takahichi said she was still considering how to fund the move.
Takahichi remains popular with a poll by the Asahi newspaper conducted over the weekend showing her support at 67%. The LA Rams will face the Seattle Seahawks in the NFC Championship game next weekend after beating the Bears in Chicago 20-17 on a 42-yard field goal in overtime. In the AFC, it'll be the Patriots and Broncos battling for the right to go to the Super Bowl.
College football's national championship game is tonight at Hard Rock Stadium in Miami with kickoff scheduled for 7.30 p.m. Eastern time as the Indiana Hoosiers are facing the Miami Hurricanes. That's news when you want it with Bloomberg News Now. I'm Dan Schwartzman and this is Bloomberg.
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