January 22, 2026: TikTok Seals US Deal, Fed Interviews Completed, More
episodePreviously titled “TikTok Seals US Deal, Fed Interviews Completed, More” — renamed by the publisher on Aug 2, 2026
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Doug Krisner. TikTok and its Chinese parent company have closed a deal to transfer part of TikTok's U.S. operations to American investors. Here is Bloomberg's Annabelle Droolers.
What deal has TikTok made regarding its U.S. operations?
We've got TikTok and ByteDance that have established that JV to transfer parts of TikTok's US business to non-Chinese owners. And so as part of that deal, you're going to get essentially a newly created US entity. And we've actually already been hearing that staff within the US had already been starting to be split into these teams just in the last few weeks. So essentially just creating a bit of a firewall around what happens in the States.
That is Bloomberg's Annabelle Droolers. Now, this new U.S. entity will be owned by Oracle, Silverlake, MGX and existing ByteDance investors. President Trump says he has completed interviews with candidates to succeed Jay Powell as Fed chairman. Trump reiterated he has someone in mind and an announcement is coming soon. Here is Trump speaking to reporters aboard Air Force One.
I'll be telling you soon. No, I have somebody that I think will be very good, but I'm not going to reveal it. Someone from Wall Street? Someone from Wall Street? Somebody that's very respected, very well known, and will do, I think, a very good job.
Now, Treasury Secretary Scott Besson previously said Trump could announce his pick for Fed chair as soon as next week. President Trump is suing JPMorgan Chase and its CEO Jamie Dimon for at least $5 billion. Trump alleges the lender stopped offering him and his businesses banking services for political reasons. Now, Dimon previously denied rejecting business on ideological grounds.
we don't do you think people could have a political religious affiliations what's your message to your but there are a lot of things to be fixed and we should fix them there are no rules the requirements are so onerous and it does cause people to be deep into my opinion should not be debate in a statement jp morgan said the suit has no merit
The bank also said it closes accounts because they create legal or regulatory risk for the company. President Trump is demanding credit card companies cap their interest rates at 10 percent for one year. Now, Bank of America and Citigroup are trying to figure out how they can do that or come close. We are told each bank is considering offering cards with a 10 percent interest rate as one potential solution. Here is Bloomberg's Michael McKee.
I think the general feeling is it could reduce credit availability because it's not in the financial interest of the banks to do that. Okay. And so it could be a problem for the economy. I saw a note that some of the banks are considering it. But really what it is is who's going to get the card? Is it the people who pay their bills off every month, in which case it doesn't matter? Right. But if you're a low-income person, you're not going to get 10%.
That is Bloomberg's Michael McKee. Today, President Trump said the U.S. can do anything it wants in the Greenland framework deal, and that would include actions related to the military. Trump said he will announce more in two weeks. Earlier today, NATO Secretary General Mark Rutte said the framework was secured without discussing the territory's sovereignty. Rutte said that he and Trump discussed the broader issue of security in the Arctic region.
President Trump has been clear from when he was in Office Trump 45, also when he came back into Office Trump 47, that when it comes to the protection of the Arctic with a priority on Greenland, we have to spend more energy, more time, more focus on this, because we know the sea lanes are opening up. The Chinese and the Russians are more and more active.
That is NATO Secretary-General Mark Rutte speaking during a conversation with Bloomberg's Editor-in-Chief John Micklethwaite on the sidelines of the World Economic Forum in Davos, Switzerland. Meantime, the prime minister of Greenland, Jens Friedrich Nielsen, called the recent U.S. rhetoric on Greenland unacceptable, but he still would like a strong partnership.
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