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Bloomberg News Now

Trump Talks Greenland in Davos, Treasuries Slide, More

20 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 - 27.95 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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28.211 - 37.647 Nathan Hager

Find us on Apple, Spotify, or anywhere you listen. News when you want it with Bloomberg News Now. I'm Nathan Hager.

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37.907 - 39.429 Karen Moskow

And I'm Karen Moscow.

39.709 - 55.107 Nathan Hager

Karen, we begin with the latest from the World Economic Forum in Davos, Switzerland. President Trump's push to take control of Greenland is already the talk of the annual gathering of global elites. The president says he has agreed to a meeting on the issue after speaking with NATO Secretary General Mark Rutte.

55.627 - 64.658 Donald Trump

We'll be talking about it with the various people. We've had we've had Tremendous success. And, you know, I've done more for NATO than anybody else.

64.879 - 83.724 Nathan Hager

The president spoke to reporters in Miami. Later, he posted a screenshot on social media of a text message he received, says he received from the NATO secretary general, saying that he was committed to finding a way forward on Greenland. Earlier, President Trump linked his claims to the Danish territory to not receiving the Nobel Peace Prize in a letter to Norway's prime minister.

84.124 - 87.008 Nathan Hager

The Norwegian government does not decide the Nobel winner.

Chapter 2: What did President Trump say about Greenland at Davos?

179.324 - 195.379 John Tucker

And good morning, Karen. Yeah, this study finds that only about 4% of the tariff burden is shouldered by foreign firms, with a near-complete pass-through of 96% to U.S. buyers that pay the levies and then must either absorb them or raise selling prices.

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195.359 - 218.089 John Tucker

This is the Kiel Institute for World Economy says the $200 billion surge in customs revenue represents $200 billion extracted from American businesses and households. That the tariff functions not as a tax on foreign producers, but as a consumption tax on Americans. Based on shipment data, this covers 25 million transactions worth about $4 trillion.

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218.57 - 228.407 John Tucker

The Kiel study runs completely counter to the Trump administration's argument that the trading partners pay tariffs. In New York, I'm John Tucker, Bloomberg Radio. All right, John, thank you.

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228.427 - 237.482 Nathan Hager

President Trump is confirming he's invited Russian President Vladimir Putin to join his proposed Board of Peace for Gaza. Here is the president speaking again to reporters in Florida.

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240.247 - 246.538 Donald Trump

Yes, he's one of the people. These are world leaders. And the answer is yes.

246.558 - 260.922 Nathan Hager

And this morning, China confirmed it also received an invitation to join the board, though there's no word whether it will accept. One world leader who is rejecting the invitation is Emmanuel Macron. And President Trump is taking a swipe at the French president.

261.138 - 275.215 Donald Trump

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% tariff on his wines and champagnes and he'll join. But he doesn't have to join.

275.296 - 290.819 Nathan Hager

President Trump also published a text message he says came from Macron in which he invited the president to have dinner in Paris on Thursday. A draft charter for the proposed Board of Peace seen by Bloomberg says that President Trump would serve as its inaugural chairman and have authority over membership decisions.

291.3 - 297.068 Nathan Hager

The Trump administration is asking countries that want a permanent spot on the body to contribute at least a billion dollars.

Chapter 3: How is Treasury Secretary Scott Besant addressing Trump's Greenland claims?

419.717 - 423.985 Karen Moskow

Time now for the Bloomberg Sports Update, and we bring in John Stashour. John.

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424.286 - 442.136 John Stashour

Thanks, Karen. The Indiana Hoosiers captain, amazing, perfect 16-0 season, winning college football's national championship over Miami in Miami 27-21. The Hoosiers never trailed. NFL coaching hirings and firings. Jeff Halfley, the Green Bay defensive coordinator, is the new head coach of the Miami Dolphins.

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442.456 - 453.572 John Stashour

Robert Sala, the defensive coordinator of the 49ers, has a deal to become the new coach of the Tennessee Titans. The Buffalo Bills now need a new coach. Surprising that they fired Sean McDermott. That's your Bloomberg Sports Update.

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453.592 - 459.12 Karen Moskow

Thanks, John. And that's news when you want it with Bloomberg News Now. I'm Karen Moskow.

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459.44 - 462.645 Nathan Hager

I'm Nathan Hager. And this is Bloomberg.

466.017 - 471.483 Carol Masser

I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast.

471.523 - 476.168 Tim Stenevek

Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead.

476.248 - 480.593 Carol Masser

We've got insight on the people, the companies and trends that are shaping today's complex economy.

480.693 - 495.349 Tim Stenevek

That's right, Tim. We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it.

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