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Bloomberg News Now

Trump Backs Off Greenland Tariffs, Lisa Cook Hearing, More

22 Jan 2026

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 8.024 Karen Moskow

Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed. Hi, I'm Karen Moskow.

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8.204 - 21.465 Nathan Hager

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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21.445 - 27.948 Karen Moskow

Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.

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28.209 - 51.196 Doug Krisner

Find us on Apple, Spotify, or anywhere you listen. News when you want it with Bloomberg News Now. I'm Doug Krisner. President Trump will refrain from imposing tariffs on goods from those European nations opposed to his effort to take possession of Greenland. Today in a post on Truth Social, Trump cited the framework of a future deal reached with NATO.

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51.637 - 59.687 Doug Krisner

And that post followed a meeting with NATO Secretary General Mark Rutte at the World Economic Forum in Davos. We get more from Bloomberg's Laura Davison.

60.038 - 72.054 Laura Davison

What we can anticipate here is that two sides are talking. They are at least making positive sounds at each other. But have they really spelled out what this looks like? Have the lawyers on both sides started looking at this? Absolutely not. They're still in that early stages.

72.194 - 87.454 Laura Davison

But this did give Trump enough space to back off from those tariffs, back off from, you know, kind of the use of military force. We've seen that positive market reaction from this. And this is kind of how Trump likes to be like to deal in this and kind of being able to show that he gets support. something.

87.614 - 92.22 Laura Davison

And I think, you know, Mark Ruda at NATO has kind of figured out how to handle Trump in these situations.

92.24 - 110.965 Doug Krisner

That is Bloomberg's Laura Davison. Now, the New York Times is reporting the discussions on a framework included a compromise in which Denmark would give the U.S. sovereignty over a small pocket of land for the construction of military bases. President Trump's decision on a candidate to be the next Fed chair is near conclusion.

Chapter 2: What decision did Trump make regarding tariffs on Greenland?

146.491 - 150.88 Nathan Hager

Rick is very good. They're all good. You know, all three are good. All three would be, I think, good.

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150.86 - 174.859 Doug Krisner

Trump went on to suggest that Jay Powell would not enjoy his tenure if he did stay on the Fed's Board of Governors. Now, Powell's term as chair expires in May. However, he could remain on the board until January 2028. The Supreme Court seems wary of President Trump's effort to fire Fed Governor Lisa Cook over unproven allegations of mortgage fraud. More from Bloomberg's Amy Morris in Washington.

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175.261 - 193.745 Amy Morris

Solicitor General John Sauer argues that Cook isn't fit to serve. The American people should not have their interest rates determined by someone who was, at best, grossly negligent in obtaining favorable interest rates for herself. But those allegations are unproven, and the justices seem to acknowledge that firing Cook could upend the Fed's independence.

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194.046 - 199.733 Amy Morris

Justice Brent Kavanaugh expressed skepticism of there being no judicial review of the actions of the president.

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199.713 - 207.888 Matt Tabak

very low bar for cause that the president alone determines, I mean, that would weaken if not shatter the independence of the Federal Reserve.

208.068 - 217.485 Amy Morris

Fed Governor Cook released a statement saying that as long as she serves at the Federal Reserve, she will uphold the principle of political independence. In Washington, Amy Morris, Bloomberg Radio.

217.465 - 230.445 Doug Krisner

The House Oversight Committee has found Bill and Hillary Clinton in criminal contempt. The couple declined to appear for depositions regarding sex offender Jeffrey Epstein. Here is committee chair James Comer reading the votes.

230.577 - 244.895 Nathan Hager

The ayes have it. Pursuant to this vote, the committee hereby favorably reports and adopts this report recommending that the House of Representatives find William J. Clinton in contempt of Congress for refusal to comply with the subpoena duly issued by this committee.

244.995 - 265.463 Doug Krisner

That is House Oversight Committee Chair James Comer. Now, this contempt charge will next head to the House floor for a full vote. Passage would set up a referral to the DOJ, which then would have to decide whether to prosecute. OpenAI CEO Sam Altman has been meeting with top investors in the Middle East to line up funding for a new investment round.

Chapter 3: What framework is being discussed for U.S.-Denmark relations?

426.682 - 434.158 Carol Masser

We also have a lot of fun doing it. Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests.

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434.239 - 439.831 Tim Stenevek

And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast.

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440.011 - 444.1 Carol Masser

Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

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444.08 - 452.394 Tim Stenevek

Check it out on your way home from work to catch up on the conversations that you missed during the business day. And on the weekend, check it out for a complete wrap-up of your business week.

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452.414 - 459.186 Carol Masser

That's the Bloomberg Business Week Daily Podcast. I'm Carol Masser. And I'm Tim Stanevex. Subscribe today wherever you get your podcasts.

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