Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now, I'm Doug Krisner. Members of the European Union are discussing options for how to respond to President Trump's use of tariffs as punishment for EU support of Greenland. Greenland is a semi-autonomous territory of Denmark, itself a founding member of NATO, and Trump is threatening to seize control of the territory, potentially with military force.
Over the weekend, Trump slapped 10% tariffs on goods from eight European countries supporting Denmark. And now, we are told, the EU is considering the use of retaliatory levies on $108 billion worth of U.S. goods.
Chapter 2: What are the implications of Trump's tariffs on EU countries?
Treasury Secretary Scott Besson spoke to NBC's Meet the Press and insisted this move is about U.S.
national security. It enhances United States security. And again, we have seen the Europeans are unable to push back against Russia. The U.S. is this war that never would have started in Ukraine, Kristen. We are going to settle it, but it wouldn't have started. And what President Trump is trying to do is prevent a taking or the Russian-Chinese action in Greenland in the future.
So why not be strategic?
That is Treasury Secretary Scott Besant on NBC's Meet the Press. Meantime, Canadian Prime Minister Mark Carney saying today Greenland's future is for Denmark and Greenland to decide. Here is Carney speaking at a news conference in Qatar.
We always will support... sovereignty and territorial integrity of countries wherever their geographic location is.
That is Canadian Prime Minister Mark Carney. We go to southern Spain next, where a high-speed train derailed and slammed into an oncoming train on the rail line between Madrid and Malaga. 21 people have been killed, at least, and dozens more injured. Here is Spanish Prime Minister Pedro Sanchez speaking through an interpreter.
tonight is a night of profound grief for our country i would like to express my deepest condolences to the families and loved ones of the victims no words can alleviate such great suffering but i want you to know that the entire country stands with you during this difficult time
Spanish Prime Minister Pedro Sanchez speaking through an interpreter. Officials in Spain say the cause of the crash is unknown. We go to Minneapolis next, where tensions remain high. Ten days after an ICE agent shot and killed Rene Good. Over the weekend, thousands of protesters denounced federal immigration enforcement. Meantime, the U.S. is increasing the number of law enforcement agents.
The FBI is sending messages to its agents nationwide seeking volunteers to temporarily transfer to Minneapolis. And at the same time, the Pentagon has ordered U.S. troops to be on standby.
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Chapter 3: How is Greenland's status being impacted by U.S. foreign policy?
This case will decide whether the president has the power to fire Fed Governor Lisa Cook. Now, this case is critical because it will address the removal protection afforded members of the Fed's Board of Governors. And it comes as the Fed's independence from political pressure is under attack.
It's been just over a week since the DOJ subpoenaed the Fed over statements by Chair Jay Powell related to a renovation project of the Fed's headquarters. Former Fed Chair Janet Yellen says the attacks on Powell are unprecedented and a very dangerous thing.
President Trump wants the Fed to do what he thinks is best, and he's made clear he is willing to pull out all the stops to try to get his way with the Fed. Trump's idea that he could remove Powell for policy disagreements and create the precedents for that have not worked.
Janet Yellen there, she went on to say that Powell's term as Fed chair is up in May, but he could stay on as governor for another two years to help protect the Fed. And you can hear more from Janet Yellen on the Everybody's Business podcast. The World Economic Forum gets underway this week in Davos, Switzerland. Things kick off on Monday.
And among those in attendance, billionaires Ken Griffin, Jensen Huang and Larry Fink. We have a preview from Bloomberg's Charlie Pellett.
They'll be appearing along with top bankers, politicians and more than a dozen other billionaires on the official program for the World Economic Forum's annual meeting. Discussion topics range from private credit, nation's economies and nuclear power.
The event retains its enduring status as the premier networking hub for the super wealthy despite long-standing fears over rising wealth inequality and growing geopolitical tensions worldwide. In New York, Charlie Pellett, Bloomberg Radio.
In sports, the NFL playoffs are underway and the New England Patriots defeated the Houston Texans 28-16 in the divisional round. The Patriots will now face the Denver Broncos in the AFC Championship next weekend. In the NFC, the Los Angeles Rams have defeated the Chicago Bears 20-17 in overtime.
And with that victory, the Rams advance to the NFC Championship next weekend where they will face the Seattle Seahawks. And that is news when you want it with Bloomberg News Now. I'm Doug Krisner and this is Bloomberg.
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