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Bloomberg News Now

President Trump Heads to Davos, Bessent Cautions Allies, More

21 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 - 27.933 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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28.193 - 37.665 Nathan Hager

Find us on Apple, Spotify, or anywhere you listen. News when you want it with Bloomberg News Now. I'm Nathan Hager.

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37.926 - 39.448 Karen Moskow

And I'm Karen Moscow.

39.748 - 50.862 Nathan Hager

Karen, we begin with the latest from the World Economic Forum in Davos, Switzerland. President Trump is on his way to attend the annual gathering of global elites, and he's promising to talk about America's successes.

51.263 - 60.351 Donald Trump

The country's never done better. We have $18 trillion-plus coming in. We've never had anything like it, and no country has had anything like it.

60.371 - 81.27 Nathan Hager

The president spoke to reporters before boarding Air Force One, but the trip's already gotten off to a rough start. The plane had to return to Joint Base Andrews shortly after takeoff due to a mechanical issue. President Trump was eventually able to get on a replacement plane, but it delayed his departure by more than two hours. The president's speech is scheduled for 8.30 a.m. Wall Street time

81.25 - 95.142 Nathan Hager

But Treasury Secretary Scott Besant in Davos says he expects the president to be about three hours late. We will carry the president's remarks when they happen on Bloomberg Radio, Bloomberg Television and the Bloomberg podcast channel on YouTube.

Chapter 2: What updates are there on President Trump's trip to Davos?

187.704 - 203.293 Scott Bessent

Well, the size of Denmark's investment in U.S. Treasury bonds, like Denmark itself, is irrelevant. that is less than $100 million. They've been selling Treasuries for years. I'm not concerned at all.

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203.408 - 216.047 Nathan Hager

Treasury Secretary Scott Besson's comments follow a U.S. market route yesterday that saw the S&P 500 log its worst day since October. And Bloomberg's John Tucker is here with the latest. John, good morning.

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216.387 - 233.393 John Tucker

Good morning, Nathan. Yeah, the S&P 500 erased its 2026 gains. Bond prices and the dollar fell all after President Trump threatened tariffs on multiple European countries. who have opposed his pressure to take over Greenland. JP Morgan Asset Management's Bob Michaels sees it this way.

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233.433 - 245.093 Bob Michaels

It seems crazy, except that things have a way of happening which people didn't think would happen. So you have to back away and de-risk a bit.

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245.073 - 262.911 John Tucker

Well, Michael, since the sell-off in markets is a message to President Trump's administration to take action to restore calm, as officials did after Liberation Day tariffs rattled investors last year. Well, this morning, risk assets may have found a floor. U.S. Treasury yields, they're backing down.

263.192 - 277.847 John Tucker

And Japan's longer maturity bonds, they've rebounded after yields there hit a record high yesterday. Although Japan's route was a separate issue, it was just one more thing to test investor patience. In New York, I'm John Tucker, Bloomberg Radio.

277.878 - 296.266 Karen Moskow

All right, John, thank you. Well, could the World Economic Forum move from Davos? Larry Fink, the interim co-chief of the WEF, is thinking about a venue change for the flagship event. On a post on LinkedIn, he brought up Detroit and Dublin and cities like Jakarta and Buenos Aires as possible future sites.

296.747 - 303.177 Karen Moskow

A possible relocation would be a blow to Switzerland, which has benefited from the forum being held in the Swiss Alps for decades.

303.157 - 314.511 Nathan Hager

Well, turning back to the White House now, Karen, President Trump spent much of his news conference defending the immigration crackdown in Minneapolis that has sparked confrontations between officers and demonstrators and led to nationwide protest.

Chapter 3: How is President Trump addressing his Greenland acquisition comments?

438.312 - 439.375 Karen Moskow

I'm Karen Moscow.

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439.716 - 442.885 Nathan Hager

I'm Nathan Hager. And this is Bloomberg.

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446.307 - 447.248 Scarlett Fu

This is Scarlett Fu.

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447.449 - 451.274 Paul Sweeney

And I'm Paul Sweeney, inviting you to join us for the Bloomberg Intelligence Podcast.

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451.494 - 462.77 Scarlett Fu

Every day, we harness the power of Bloomberg Intelligence to bring you deep dives into the companies that are moving markets, from publicly traded companies like Apple to those that are privately owned but known by everyone on Earth, like OpenAI.

463.05 - 470.661 Paul Sweeney

Now, I helped to build Bloomberg Intelligence to what it is today, Scarlett, and now our analysts are the best in the world, covering more than 2,000 global companies.

470.641 - 478.432 Scarlett Fu

That is your legacy, Paul, and we speak to those in-house experts every day. They are Bloomberg's go-to authorities on sectors, companies, and legal processes.

478.673 - 483.62 Paul Sweeney

And we do it all live each weekday and bring you the best conversations in our daily podcast.

483.78 - 488.668 Scarlett Fu

So be sure to search for Bloomberg Intelligence on YouTube, Apple, Spotify, or anywhere else you listen.

Chapter 4: What are the European allies' reactions to Trump's tariffs?

502.568 - 508.055 Nathan Hager

I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.

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508.075 - 512.742 Scarlett Fu

Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead.

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512.802 - 517.147 Nathan Hager

We've got insight on the people, the companies and trends that are shaping today's complex economy.

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517.248 - 531.867 Scarlett Fu

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

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531.847 - 539.323 Nathan Hager

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

539.404 - 544.996 Scarlett Fu

And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast.

545.176 - 549.265 Nathan Hager

Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

549.245 - 553.674 Scarlett Fu

Check it out on your way home from work to catch up on the conversations that you missed during the business day.

553.794 - 564.334 Nathan Hager

And on the weekend, check it out for a complete wrap-up of your business week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masur. And I'm Tim Stanevex. Subscribe today wherever you get your podcasts.

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