Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now, I'm Amy Morris.
Chapter 2: What allegations is Trump making against JPMorgan Chase?
President Trump is suing JPMorgan Chase and its CEO, Jamie Dimon, for at least $5 billion over allegations that the lender stopped offering Trump banking services for political reasons. Back in February, Dimon denied allegations of debanking.
We don't debank people because of the political-religious affiliations. The rules and the requirements are so onerous, and it does cause people to be debanked who, in my opinion, should not be debanked.
J.P. Morgan has denied rejecting business on ideological grounds. Ukrainian President Vladimir Zelensky took a last-minute trip to the World Economic Forum in Davos, where he tore into Europe for its apparent lack of willingness to stop Russian President Vladimir Putin, now four years into the war.
But what about the ceasefire itself? Who can help make it happen? Europe loves to discuss the future, but avoids taking action today. Action that defines what kind of future we will have.
Zelensky accused European allies of lacking the will to act as a real global power. The deal between President Trump and NATO Secretary General Mark Rutte paves the way for NATO to beef up security in the Arctic region and fend off any threat from Russia or China. Secretary General Rutte.
We discussed how can we protect Greenland, how can we protect the wider Arctic region. And again, I think President Trump was the one who reinvigorated NATO at the summit in The Hague, which is the famous 5%.
The issue of sovereignty was not on the table. NATO Secretary General Mark Rutte speaking with Bloomberg at the World Economic Forum in Davos. President Trump's pivot on Greenland has left many European allies scratching their heads. Commerce Secretary Howard Letnick says the relationship with the EU is just fine.
I mean, it's obvious we care about it for national security, because if you're going to build a Golden Dome over the United States of America, right, wouldn't you prefer the Golden Dome cover Europe?
greenland howard letnick spoke with bloomberg surveillance from the world economic forum energy secretary chris wright says european allies need not worry i think the rhetoric or the speculation was so over the top it's going to be the end of nato the u.s military is going to invade greenland these these these were never on the table secretary
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Chapter 3: How is Zelensky criticizing Europe's response to the war in Ukraine?
The S&P 500 up three quarters of a percent, NASDAQ up a little more than 1%, and the Dow up not quite 1%. Ten-year Treasury yield at 4.24 percent and the two-year yield at 3.61 percent. Bank of America CEO Brian Moynihan criticized President Trump's proposal to impose a cap on credit card interest rates, saying that it would slow consumer spending and make credit less available.
If you actually make this a policy, it can reallocate credit. That will slow down spending, it will slow down credit availability, and that might not be what you're trying to achieve. So can you do something on a go-forward basis on the limited things?
Now Bank of America and Citigroup are reportedly trying to figure out how they can do it or come close to it. Sources tell Bloomberg each bank is considering offering cards with a 10% interest rate as one potential solution. BlackRock CEO Larry Fink says he sincerely believes there's no AI bubble.
I don't think there's any uncertainty about AI. There's no question of hundreds of billions of dollars is needed to build this out. The CapEx is going to drive more global growth.
BlackRock CEO Larry Fink talks with Bloomberg at Davos. SpaceX has lined up four banks to lead its IPO, according to the Financial Times, as Elon Musk's rocket and satellite firm moves forward with plans for the biggest ever listing. Also, Musk says Tesla is likely to sell its Optimus robots to the public by the end of next year.
Former special counsel Jack Smith testified before the House Judiciary Committee today saying, his first public testimony about his investigations into President Trump's actions after the 2020 election. The committee is looking into what it calls politically motivated prosecutions of President Trump, but Smith stood by his decisions.
President Trump was charged because the evidence established that he willfully broke the law. The very laws he took an oath to uphold. Rather than accept his defeat in the 2020 election, President Trump engaged in a criminal scheme to overturn the results and prevent the lawful transfer of power.
Smith warned Americans to not take the rule of law for granted. Millions of Americans from New Mexico to the Carolinas are bracing for a potentially catastrophic ice storm that could crush trees and power lines and knock out power for days. An estimated 100 million people are under some type of winter weather watch, warning or advisory ahead of the storm.
It's expected to begin on Friday and make its way across the country through the weekend. That's news when you want it with Bloomberg News Now. I'm Amy Morris. This is Bloomberg.
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