Trump Tariffs Over Greenland, Trump Threatens to Sue JPMorgan, More
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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.
NASA started its huge rocket rollout this morning and says it'll take all day to move about four miles to its launch pad. The mission will send astronauts into orbit and eventually back on the moon for the first time in five decades. Mission manager John Honeycutt. Taking the crew around the moon, this is going to be our first step toward a sustained lunar presence. NASA plans to hold launch dress rehearsals later this month before launch windows open in February. Artemis 3 will see them land on the moon. That's set to launch next year. Monica Ricks, Bloomberg Radio.
Iran Supreme Leader Ayatollah Ali Khamenei said Saturday several thousand people died in this month's anti-government demonstrations, his first acknowledgement of the deadly scale of the unrest. Some of those were killed, quote, brutally and inhumanely, unquote. Khomeini said this without offering detail in a public meeting broadcast on state TV. He accused the U.S. and Israel of aiding the killings and said the Islamic Republic has evidence to support the claim. Khomeini said Iran does not intend to push the country toward war, but won't allow either domestic or international criminals to go unpunished. It was a down Friday and a losing week for the U.S.
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.
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