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 in kalegi president trump has announced a 10 tariff on european countries rallying to denmark's side in his pursuit of greenland trump threatened in a social media post to impose the tariff february 1st and raise the tariff to 25 in june unless quote a deal is reached for the complete and total purchase of greenland the
president said the tariffs will apply to denmark norway sweden france germany the uk the netherlands and finland the explosive threat targets several of the top u.s allies and will further strain the nato alliance of which denmark is a member it is not immediately clear what authority trump would use and how he would seek to apply individual new tariffs to eu member states but he has relied on the international emergency economic powers act previously for similar threats
Meanwhile, thousands of people took to the streets across Denmark to protest President Trump's ambitions to take control of Greenland, underscoring the deep unease over the future of the Arctic island. Demonstrations unfolded across the Nordic nation's largest cities on Saturday, with crowds gathering in central Copenhagen and outside the U.S.
embassy in tandem with rallies in several other cities. President Trump says he'll be, quote, suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately debanking me, unquote, after the January 6th protests.
The president posted on Truth Social and denied JPMorgan Chase CEO Jamie Dimon was offered the job of Federal Reserve Chair and adding that Scott Pesant is doing a fantastic job as Treasury Secretary. Artemis is officially and very slowly on the move. Bloomberg's Monica Ricks has details.
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Chapter 2: What are Trump's proposed tariffs on European countries regarding Greenland?
equity market. We get a wrap-up from Bloomberg's Charlie Pellett.
Stocks move lower on concern that President Trump is cooling on his dovish frontrunner Kevin Hassett to head the Federal Reserve. The S&P 500 struggled to gain traction and finished lower for the week, down 0.4%, while the Russell 2000 index of small-cap shares kept rising and beat the S&P 500 for an 11th straight session. For January, the Russell 2000 is up 7.9%.
For the week, Dow Industrials down 0.3%. NASDAQ on the week down 0.7%. In New York, Charlie Pellett, Bloomberg Radio.
Congress is less than two weeks away from another government shutdown deadline, but lawmakers may be able to avoid the fiscal cliff this time around as we hear from Bloomberg's Nathan Hager in Washington.
Memories are still fresh from the record 43-day shutdown at the end of last year. Right now, most of the government is still running on a stopgap through January 30th. But this week, the House is set to pass the final four of the 12 annual spending bills it needs to keep the government running.
The compromise measures include cuts to the IRS and Environmental Protection Agency, but not nearly as deep as President Trump was looking for. In Washington, I'm Nathan Hager, Bloomberg Radio.
Senator Gene Shaheen, the top Democrat on the Senate Foreign Relations Committee, discusses Venezuela, NATO, and the limits of congressional power as global crises multiply. Can Congress still check the commander-in-chief? You can read all about it in Bloomberg's weekend edition, exploring the places where finance, life, and culture meet.
Find it now on Bloomberg.com and the Bloomberg Business app. That's news when you want it with Bloomberg News Now. I'm Ed Kalegi. This is Bloomberg.
Hi, I'm Stephen Carroll.
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