Trump Says Dimon ‘Wrong’ on DOJ, Iran Protests Continue, More

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Nathan Hager 0:00
News when you want it with Bloomberg News Now. I'm Nathan Hager.
Karen Moscow 0:05
And I'm Karen Moscow.
Nathan Hager 0:07
Karen, we begin this morning with President Trump's attacks on Federal Reserve Chairman Jerome Powell. The president is not letting up despite pushback from Republicans, Democrats, business leaders and central bankers around the world. Let's get the update this morning from Bloomberg's John Tucker. John, good morning.

What did President Trump say about Federal Reserve Chairman Jerome Powell?

John Tucker 0:23
Good morning, Nathan. President Trump had this to say about Powell as he left the White House yesterday.
Donald Trump 0:28
He's billions of dollars over budget, so he either is incompetent or he's crooked. I don't know what he is, but he certainly doesn't do a very good job.
John Tucker 0:38
And Trump doesn't seem too concerned with pushback from lawmakers like Republican Tom Tillis, who vowed to oppose any Trump nominees to the Fed after the central bank was subpoenaed.
Unknown 0:48
Well, that's why Tom's not going to be a senator any longer, I guess, right? But I like Tom Tillis. He's a nice guy. But look, he's not going to be a senator any longer because of views like that.
John Tucker 0:59
Trump said he would announce his nomination to replace Powell within the next few weeks, despite the backlash. The president also dismissed Jamie Dimon's criticism over the Justice Department probe into the Fed. He says the CEO of JPMorgan Chase is wrong to suggest he's attacking Fed independence. This all comes as the blowback gets more intense. Three former heads of the Federal Reserve and four former Treasury secretaries in both Republican and Democratic administrations issued a statement saying this type of investigation has, quote, no place in the United States and is more characteristic of emerging markets with weak institutions. In New York, I'm John Tucker, Bloomberg Radio.
Karen Moscow 1:39
All right, John, thank you. Well, President Trump also has Iran on his mind. In a speech in Detroit heard live on Bloomberg Radio, the president urged Iranians to continue protesting against Supreme Leader Ayatollah Ali Khamenei's regime.
Unknown 1:54
I've canceled all meetings with the Iranian officials until the senseless killing of protesters stops. And all I say to them is help is on its way. You saw that I put tariffs on anybody doing business with Iran.
Karen Moscow 2:06
The president says he'll act accordingly once he gets a sense of how many demonstrators have been killed. Reuters is reporting some personnel at a U.S. airbase in Qatar have been told to leave by tonight. The U.S.-based human rights activist news agency reports more than 2,500 people have died. making it the deadliest protest wave in Iran in decades.
Nathan Hager 2:27
And staying with U.S. foreign policy, Karen, top diplomats from Greenland and Denmark are in Washington today. They'll meet with Secretary of State Marco Rubio and Vice President J.D. Vance, hoping to convince them to back off on demands for the Arctic territory. The meeting comes a day after Greenland's prime minister ruled out the possibility of becoming part of the U.S.
Jens Frederik Nielsen 2:48
One thing that everyone must understand, Greenland will not be owned by the United States. Greenland will not be governed by the United States. Greenland will not be part of the United States. We choose the Greenland we know today and which is part of the Kingdom of Denmark.
Nathan Hager 3:09
Greenland's Prime Minister Jens Frederik Nielsen spoke there through an interpreter. President Trump has declined to rule out the use of military force to get Greenland. He says the U.S. needs the island for national defense.
Karen Moscow 3:20
Well, Nathan, turning back here to home, President Trump says he'll cut off federal funding for so-called sanctuary cities at the end of the month. It's the latest move to crack down on immigration as an enforcement search continues in Minneapolis, a week after a federal officer shot and killed a woman there. President Trump addressed Renee Good's death in an interview with CBS Evening News.
Donald Trump 3:41
You know, when you look at that tape, it can be viewed two ways, I guess. But when you look at the way that car was pulled away, there are a couple of versions of that tape that are very, very bad.
Karen Moscow 3:52
President Trump spoke with CBS News in Detroit.

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