Trump Arrives in Zurich After Delay, New Ukraine Talks, More

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Bloomberg News Now 8 min 8 speakers 4 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

Karen Moskow 0:00
Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.
Nathan Hager 0:08
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.
Karen Moskow 0:21
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Nathan Hager 0:28
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Karen Moskow 0:33
News when you want it with Bloomberg News Now. I'm Karen Moscow. President Trump has arrived in Switzerland to attend the World Economic Forum, and he's set to deliver his speech at its scheduled time, despite his flight being delayed by a mechanical issue. We get more with Bloomberg's Lauren Duszynski in Washington.
President Trump is wheels down in Europe and really everyone is waiting to see what he actually does while in Davos. This major keynote speech, which is still scheduled for 8.30 a.m. Eastern, the administration has teased that President Trump is going to talk about affordability, which again is insane. Interesting, given the setting. But really, most of the leaders there want to know what he's going to say about foreign policy issues specifically related to Greenland.
Karen Moskow 1:24
And that's Bloomberg's Lauren Dozenski. President Trump arrived in Switzerland after the plane was forced to return to Joint Base Andrews shortly after takeoff due to that mechanical issue. A replacement plane was brought in. The president's speech is scheduled for 8.30 a.m. Wall Street time and will carry his remarks live when they happen on Bloomberg Radio, Bloomberg Television, and the Bloomberg Podcast channel on YouTube. President Trump's desire to take over Greenland has dominated the discussion at Davos. European officials are discussing ways to retaliate against the president's 10% tariffs on countries that oppose the U.S. acquiring the island from Denmark. But the president says he doesn't think they'll follow through.
I think something's going to happen that's going to be very good for everybody. Nobody's done more for NATO than I have, as I said before.
Karen Moskow 2:13
And President Trump spoke at a White House news conference marking his first year back in office, asked how far he'd go to take Greenland. The president said, you'll find out. The Greenland controversy and the possibility of higher tariffs have helped the S&P 500 erase gains for the year. And Bloomberg's John Tucker has more. John.
John Tucker 2:30
And good morning, Karen. President Trump fueled the worries about a trade war again with threats to impose new tariffs on European countries. Those remarks sparked a sell-off across global equity markets.

What happened when President Trump's flight to Davos was delayed and how did he still arrive?

John Tucker 2:41
The S&P 500 suffering its biggest drop in three months, falling over 2%. Bob Michael, the chief investment officer and global head of fixed income at J.P. Morgan Asset Management, says things are a bit chaotic. I know last night I went to bed in a panic and woke up in one and it didn't get any better. Michael says the Trump administration needs to calm things down like they did last year after the global sell-off with the Liberation Day tariffs. Traders are now waiting on President Trump's address at Davos for signs that tensions may cool over Greenland. Treasury yields easing lower and although a separate issue, Japan's longer maturity bonds They've rebounded after their yields hit a record high.
John Tucker 3:25
In New York, I'm John Tucker, Bloomberg Radio.
Karen Moskow 3:27
All right, John, thank you. While shares of Netflix are falling, the streaming giant delivering fourth quarter results that largely beat Wall Street estimates, but it issued a cautious forecast citing higher program spending and the cost of closing its deal with Warner Brothers Discovery. Johnson & Johnson's fourth quarter sales beat expectations. It was led by strong growth for several newer cancer treatments. It also issued higher than expected 2026 guidance.

What will President Trump likely address in his Davos keynote on affordability and foreign policy?

Karen Moskow 3:51
This was despite a recent deal with the White House to give discounts on some of the company's key drugs.

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