Trump Speaks at Davos, Supreme Court Hears Cook Case, More
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I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.
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News when you want it with Bloomberg News Now. I'm Karen Moscow. President Trump in Switzerland where he's delivering a speech to the World Economic Forum. This despite a flight delay due to mechanical issues. His comments are expected to have an America first feel as we hear in his opening remarks.
I've come to this year's World Economic Forum with truly phenomenal news from America. Yesterday marked the one-year anniversary of my inauguration, and today, after 12 months back in the White House, our economy is booming, growth is exploding, productivity is surging, investment is soaring, incomes are rising. Inflation has been defeated. Our previously open and dangerous border is closed and virtually impenetrable. And the United States is in the midst of the fastest and most dramatic economic turnaround in our country's history.
And that's President Trump, who was speaking in Davos this morning. The president is confronting a gathering in a state of tumult. This is over his threats to make Greenland part of the U.S. and his efforts to establish a border peace for Gaza that allies worry aims to supplant the United Nations. Well, ahead of the president's speech, his cabinet has been setting the tone in Davos, and Bloomberg's Lauren Duszynski has more from Washington.
His administration officials, including as recently as this morning, they continue to defend what President Trump is saying on Greenland, criticizing European allies for looking at options to defend or signal defense of Greenland. Clearly, things are continuing to ratchet up.
And that's Bloomberg's Lauren Dozenski. Treasury Secretary Scott Besant is dismissing the idea that President Trump's Greenland threats could spark a sell-off of U.S. assets in Europe. And his source is telling Bloomberg European Central Bank President Christine Lagarde walked out of a dinner last night after Commerce Secretary Howard Lutnick started laying into Europe, where he told his speech belittled European economies and their lack of competitiveness compared to the U.S. Later today, the Supreme Court is going to hear arguments over the Trump administration's efforts to dismiss Fed Governor Lisa Cook for unproven allegations of financial impropriety. Fed Chair Jay Powell will attend the hearing, and it's catching the ire of Treasury Secretary Scott Besson, who commented from Davos today.
I am not sure why Chair Powell would go and support Governor Cook, when the Fed has not undertaken an examination of whether she did in fact commit mortgage fraud, if she did, she is stealing from the American people. I think that his sitting in the front row of the Supreme Court is a political statement, and I agree with him. The Fed should not be politicized.
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