Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Lizzie Burden.
And I'm Stephen Carroll.
The US president is reinforcing his increasingly aggressive push for ownership of Greenland. Speaking in Florida over the past few hours, Donald Trump called the island a national security necessity to counter Russia and China.
Chapter 2: What are Trump's latest comments on Greenland and national security?
Trump added that he does not expect the European Union to offer significant resistance.
Well, I don't think they're going to push back too much. Look, we have to have it. They have to have this done. They can't protect it. Denmark, they're wonderful people. And I know the leaders, they're very good people, but they don't even go there. And, you know, because the boat went there 500 years ago and then left, that doesn't give you title to property.
Trump went on to say that he'll discuss Greenland with several parties while attending the World Economic Forum in Davos. His latest comments come as Germany's Chancellor, Friedrich Merz, sought to de-escalate tensions following the threat of tariffs on eight European countries.
We do not want this escalation. We do not want a trade dispute with the United States of America. But if we are confronted with tariffs that we consider inappropriate, then we are in a position to respond. And that is precisely what we will be discussing in Brussels on Thursday.
German Chancellor Friedrich Merz speaking through a translator there after the French President Emmanuel Macron said that the EU should consider using its most powerful trade tool, the anti-coercion instrument. That would allow for additional tariffs, new taxes on overseas firms and even foreign investment curves.
Macron's push for a robust EU response came as the US president directly threatened France with a 200% tariff on its wines and champagne. The move came after Emmanuel Macron declined Trump's invitation to join a proposed board of peace for Gaza.
Trump also posted screenshots of messages from the French leader on social media, which proposed a meeting with the leaders of Ukraine, Syria, Denmark and Russia in Paris on Thursday. Here's what the US president told reporters a little earlier.
Well, nobody wants him because he's going to be out of office very soon. So, you know, that's all right. What I'll do is if they feel like costo, I'll put a 200 percent tariff on his wines and champagnes and he'll join. But he doesn't have to join.
President Trump also confirmed that Russia's President Vladimir Putin had also been invited to join the board. The US President also posted messages to social media that he said were from the NATO Secretary General Mark Rutte, praising his handling of a range of diplomatic issues. In the screenshot, Rutte also says he's committed to finding a way forward on Greenland.
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Chapter 3: How is the EU responding to Trump's proposed tariffs on France?
The stock 600, 7 tenths of 1% lower. The Cat Caron down by 8 tenths. The FTSE 100 also 8 tenths lower. The DAX in Frankfurt is 9 tenths lower. Wall Street futures are sinking further now as well. Investors catching up after being closed yesterday for a holiday. So S&P E-mini is down by 1.5%. NASDAQ futures 1.8% lower. The 10-year Treasury yields 6 basis points higher at 4.28%.
And yields rising across Europe as well. The 10-year German Bunch yields up by 3 basis points. as the jump in the last, excuse me, the long end of the Japanese government bond curve continues in the jump in yields, up 27 basis points on the 30-year yield at the moment.
That's news when you want it with Bloomberg News Now. I'm Lizzie Burden.
And I'm Stephen Carroll. And this is Bloomberg.