Chapter 1: What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Nathan Hager. Markets are on the rise on signs President Donald Trump is turning down the temperature on Greenland. In a highly anticipated speech to the World Economic Forum in Davos, the president said he is seeking immediate negotiations to acquire the island. While he says he could use force to do it, he doesn't plan to.
Now everyone's saying, oh, good. That's probably the biggest statement I made because people thought I would use force. I don't have to use force. I don't want to use force. I won't use force.
At the same time, President says if allies continue to oppose his push for the island, quote, we will remember. The European Parliament has decided to hold off ratifying the European Union's trade deal with the U.S. indefinitely in light of the president's Greenland threats. He's promised 10 percent tariffs on eight countries that have come out against the takeover plan. one of them.
Mr. Speaker, he wants me to yield on my position and I'm not going to do so.
Speaking in the House of Commons, Prime Minister Starmer said he won't yield to pressure on Greenland or his plan to return control of a joint U.S. military base in the Indian Ocean to Mauritius. In the Davos speech, President Trump also said he'll meet today with Ukrainian President Volodymyr Zelensky. He says he thinks both Ukraine and Russia want to make a deal.
White House Special Envoy Steve Witkoff says they're 90 percent there. After talks with Russian negotiators.
Kirill was here yesterday and working on this with us. So I think everybody is embedded in the process and wants to see a peace deal happen.
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Chapter 2: What are the implications of Trump's Greenland acquisition plans?
Since there's a huge disagreement on this one, you know, between Republicans and Democrats, I think we should test it.
J.P. Morgan's Jamie Dimon says his firm would give a real analysis of the proposal to the government. Dimon spoke today at the World Economic Forum at Davos. President Trump's bid to fire Fed Governor Lisa Cook is getting a major test at the U.S. Supreme Court. Arguments are underway with Fed Chair Jay Powell in the room.
Bloomberg's Lauren Dozenski reports that sparked criticism from Treasury Secretary Scott Besant.
Jerome Powell is also a lawyer. So if anyone makes sense to be there, he would actually, you know, it makes sense that he would be the one in the room. But really, it's this large question of can the president bring the Federal Reserve Board to heel?
We're keeping track. of a massive winter storm that will sweep across much of the U.S. at the end of this week. Bloomberg meteorologist Rob Carolin is following that.
A significant winter storm will be developing during the day on Friday over Texas and the southern plains and then spending the weekend tracking into the east central part of the country. It's going to be moving along a boundary of very, very cold air and it's going to be bringing snow and ice to areas of the country that ordinarily don't see it.
Parts of Texas as well as the northern Gulf Coast into the Tennessee and Ohio River Valleys. There'll be lots and lots of snow. Northern Gulf Coast could be looking at some icing and then that precipitation will work its way east across parts of the Mid-Atlantic and the Carolinas as we head through the day on Saturday.
Bloomberg meteorologist Rob Carolin says it'll bring a pretty good chance of snow to New York, D.C. and Boston as well Saturday night into Sunday. Natural gas futures are up 22 percent with this deep freeze raising heating demand. Natural gas is on track for its biggest weekly gain in 35 years.
Elsewhere on Wall Street, we got a new read on the housing market from the National Association of Realtors. Pending home sales fell in December by the most since April 2020, the start of the COVID pandemic. The drop is noteworthy considering real estate had shown signs of momentum. The realtor group's chief economist says the housing sector is not out of the woods yet.
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Chapter 3: How is the EU responding to Trump's trade threats?
The 10-year Treasury yield is at 4.27 percent. That's news when you want it with Bloomberg News Now. I'm Nathan Hager. This is Bloomberg.
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