Bloomberg News Now
Trump Wants Peace Board Signed in Davos, EU Reacts To Tariff Threats, More
19 Jan 2026
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 Erica Herskowitz. President Trump's proposed board of peace has gotten off to a rough start. Questioned by Europe, criticized by Israel and celebrated by friends of the Kremlin.
Francis Emmanuel Macron, for one, has come right out of the gate to decline an invitation, which, according to the Kremlin, was also extended to Russian President Vladimir Putin. Trump is demanding that nations pay a billion dollars for permanent membership on the board, which was conceived last year as a Trump-headed body to oversee the redevelopment of post-war Gaza.
According to people familiar with the matter, Trump wants the full constitution and remit of the committee signed in Davos on Thursday, where the World Economic Forum is getting underway today. President Trump is set to make an appearance at the annual meeting of political and business elites for the first time in six years.
The White House says Trump's Wednesday speech will emphasize that the U.S. and Europe must leave behind economic stagnation and the policies that caused it. European leaders are reeling from President Trump's threat to impose tariffs on eight European NATO allies for pushing back against the president's bid to annex Greenland, which effectively rips up last year's EU-U.S.
trade accord leaders hoped would stabilize the transatlantic relationship. The EU is discussing imposing tariffs on $108 billion of U.S. goods if Trump doesn't back down. The bloc has already approved the measures, and they could be implemented quickly if needed, with a list of products targeting American industrial goods, including Boeing, U.S.-made cars, and bourbon.
But German Chancellor Friedrich Merz is trying to persuade French President Emmanuel Macron to tone down his response after he said he intends to request the activation of the European Union's anti-coercion instrument. Merz said Germany is less willing to unleash the bloc's strongest trade countermeasure due to its heavier dependence on exports.
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Chapter 2: What is President Trump's proposed board of peace and its significance?
Everyone is asking what happened? How did this happen? How is it possible that this happened? And time and work for experts, I'm sure that will give an answer.
Spain's Prime Minister Pedro Sanchez. Italian fashion designer Valentino Garavani, who achieved global prominence in the 1960s dressing former U.S. First Lady Jacqueline Kennedy, died Sunday in Rome. A designer for five decades, Valentino was a phenomenon in the fashion industry, styling royalty to Hollywood stars, including Elizabeth Taylor and Julia Roberts.
After selling his Valentino label in 1998 for $300 million, he continued designing for the brand until his retirement in 2008. Valentino was 93 years old. Another NFL coach is out of a job. The Bills fired head coach Sean McDermott today, just two days after the Bills fell to the Broncos in their divisional playoff game in overtime. McDermott's tenure ends after nine seasons at the helm.
And the Indiana Hoosiers will be putting their perfect record on the line tonight when they take on the University of Miami in college football's national title game at Hard Rock Stadium. Kickoff is set for 7.30 Eastern. That's news when you want it with Bloomberg News Now. I'm Erica Herskowitz and this is Bloomberg.
Donald Trump is rewriting the Washington rulebook and reshaping the global economy. If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. Every week I'll bring you a smart, focused conversation with reporters and experts from Washington, Wall Street and beyond.
Listen to new episodes every Wednesday and follow Trumponomics wherever you listen.
I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast. Every week, we bring you fascinating conversations with the people who shape markets, investing, and business. CEOs, fund managers, billionaires, Nobel laureates, traders, analysts, economists, everybody that affects what's going on in the market, whether you own stocks, bonds, real estate, commodities, crypto,
You really need to hear these conversations. Sometimes it's behaviorists like Dick Thaler or Bob Schiller. Sometimes it's fund managers like Peter Lynch, Bill Miller, Ray Dalio. Sometimes it's authors, Michael Lewis, author of The Big Short and Moneyball. Regardless of the conversation, these are the folks that move markets each week.
That's the Masters in Business podcast with me, Barry Ritholtz. Listen on Apple, Spotify, or wherever you get your podcasts.
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