Sweeping Winter Storm, Trump Renews Iran Threats, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager. Winter is coming. We are clearing streets and really focused on keeping folks warm and safe during this winter weather event.
What are the latest updates on the winter storm affecting the U.S.?
That's the mayor of St. Louis, Missouri, getting ready for a powerful storm that's got everywhere from Texas and New Mexico to New York and New England in its sights. Bloomberg meteorologist Craig Allen is keeping track. There's
over a dozen states with a winter storm warning already, and there's about a dozen other states with a winter storm watch. I will bet you any time today or sometime this evening that we here in the New York City area, as well as down towards Washington and up towards Boston, will go to a winter storm warning as well. It's currently a watch.
Bloomberg meteorologist Craig Allen, New York Governor Kathy Hochulz already declared a state of emergency before the storm arrives tomorrow night. The mid-Atlantic and northeast could see a foot or more of snow before the storm ends late Monday. And after that, sub-freezing temperatures are in the forecast the rest of the week. President Trump is renewing his threats against Iran as a violent protest crackdown continues.
You know, we have a lot of The ship's going that direction just in case. We have a big flotilla going in that direction. And we'll see what happens.
The president spoke aboard Air Force One last night on his way back from Davos. Last week, he walked back a pledge to strike the country after saying he'd been assured the regime would not carry out more executions of protesters. But human rights groups say the crackdown has surged. One U.N. special rapporteur says the number of people executed could now be past 20,000. The European Union is extending its pause on retaliatory tariffs against the U.S. for another six months. That's after President Trump dialed back his own tariff threats over Greenland. Bloomberg Trade Czar Brendan Murray has more.
It feels like both sides, after a really whiplash sort of week, are walking away feeling like they both came away with a win. You have President Trump going back to Washington saying, they're going to give me everything I want on Greenland, although a lot of those details still need to be worked out about sovereignty and territorial integrity. And you have the Europeans saying, look, we threatened to retaliate against the tariffs that he was threatening against us. With a lot of our strongest weaponry, we did it in a unified way. And President Trump ultimately backed down from those tariff threats.
Bloomberg's Brendan Murray reports the tariffs on about $109 billion in U.S. goods would have taken effect February 7th. Danish Prime Minister Mette Frederiksen has arrived in Greenland for talks with her counterpart on the island. Bloomberg News has learned the U.S. wants to rework its existing defense agreement with Denmark to remove all restrictions on U.S. forces on the island indefinitely. The current treaty dates back to 1951 and already has few limits on the U.S. presence. Russia is reporting little progress on ending the war in Ukraine after more than four hours of late-night talks with U.S. envoys Steve Witkoff and Jared Kushner. As Bloomberg's Oliver Crook reports, the Kremlin is saying... The territorial issue remains unresolved.
There have been a couple of different ideas on how to sort of maybe having a demilitarized zone there, an economic zone, a free economic zone. These are some of the issues and the ideas that the Trump administration has floated. And in those four hours of discussions between Steve Witkoff, Jared Kushner and Vladimir Putin, it does not seem that we got the breakthrough that we sort of wanted, that the United States wanted to see.
Bloomberg's Oliver Crook reports U.S., Ukrainian and Russian negotiators plan to keep at it in talks today and tomorrow in the United Arab Emirates. Former Olympic snowboarder Ryan Wedding has been arrested. Wedding was among the FBI's most wanted fugitives. He faces charges related to drug trafficking and the killing of a federal witness.
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