Trump Airs Doubts on Hassett, Floats Tariffs over Greenland
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Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.
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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Find us on Apple, Spotify, or anywhere you listen. News when you want it with Bloomberg News Now. I'm Nathan Hager. President Trump is raising new doubts about one of his top picks to replace Jay Powell at the Federal Reserve.
I actually want to keep you where you are if you want to know the truth. Kevin Hassett is so good. I'm saying, wait a minute. If I move him, these Fed guys, certainly the one we have now, they don't talk much. I would lose you. It's a serious concern to me.
President Trump shouted out White House economic advisor Kevin Hassett at a rural health forum this morning. Those comments moved the market a bit. The dollar is jumping and stocks are moving between gains and losses. Right now, the S&P 500 has turned little changed. So have the Dow Jones Industrial Average and the Nasdaq Composite. All this after Hassett appeared on Fox News this morning to tout President Trump's housing policies, including a plan to let people make down payments with 401k funds. Nathan Dean is a senior U.S. government analyst at Bloomberg Intelligence.
We're going to see this in a speech at That Davos and President Trump sort of floated the idea this morning that one of those ideas is that Americans would be able to use 401k money to withdraw it, then put it back into as a down payment for their home and then potentially take 10 percent of their home's equity and put it back into the 401k. Now, we have to see the language of an executive order. What we should note is that a lot of these changes need to be codified by Congress.
It's Nathan Dean with Bloomberg Intelligence. President Trump is also floating higher tariffs on imports from countries that don't go along with his plans to take over Greenland. The president floated that at the White House forum as a group of senators is in Denmark trying to reassure the NATO ally. Republican Lisa Murkowski is one of them.
When you ask the American people whether or not they think it is a good idea for the Greenland, the vast majority, some 75 percent, will say we do not think that that is a good idea.
How did President Trump publicly express doubts about Kevin Hassett and how did markets react?
Alaska Republican Lisa Murkowski spoke after meetings in Copenhagen today. The European Parliament's longtime trade chief tells Bloomberg News that the EU might tie approving its trade deal with the U.S. to President Trump backing off his Greenland threats. The son of the late Shah of Iran is calling on the world to intervene after weeks of deadly protests against the Islamic regime in his country.
The Islamic Republic will fall, not if. But when?
Reza Pahlavi spoke at a news conference in Washington as an internet blackout in Iran continues, raising fears that the deadly protest crackdown could resume, even after President Trump said he'd been assured the killings would stop. Bloomberg's Golnar Motavali reports the regime may be on its last legs.
As an idea, as even a philosophical idea, It's a spent force at this stage. It hasn't reformed. It hasn't changed to the extent, in any extent, I would say.
Dolnar Motavali heads Bloomberg's Iran coverage from London. Activists say nearly 3,500 Iranians have been killed and at least 20,000 more arrested since the protests began last month. A senior envoy from Venezuela's new government is in Washington today, a day after opposition leader Maria Karina Machado gave her Nobel medal to President Trump.
I decided to to present. the Nobel Peace Prize medal on behalf of the people of Venezuela.
Maria Corina Machado spoke to Fox News after her meeting with the president yesterday. Norwegian officials are calling the gesture an embarrassment to the Norwegian Nobel Committee.
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