White House Meeting with Greenland, Dozens of Visas Frozen, More
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news when you want it. With Bloomberg News Now, I'm Amy Morris. Officials from Greenland and Denmark are meeting in Washington with top White House officials as President Trump moved to ratchet up the pressure, suggesting NATO help the U.S. acquire Greenland. European Commission President Ursula von der Leyen said today that Greenland can, quote, count on us.
Greenland belongs to its people. So it's up to Denmark and Greenland to and only to them, to decide on matters that are concerning Denmark and Greenland. Greenland is part of NATO.
Trump posted on social media that Greenland is vital for U.S. plans to build the so-called Golden Dome missile defense shield. Meanwhile, sources tell Bloomberg the State Department will suspend processing visas for people from 75 countries, including Afghanistan, Iran, Russia, Somalia and Brazil. The freeze is indefinite and will effectively shut the door to new travel to the U.S. for more than a third of the world's nearly 200 countries. A U.S. official says some personnel at a key U.S. military base in Qatar have been advised to evacuate. The decision to leave by this evening comes as a senior official in Iran brought up an earlier Iranian attack there. Cotter says the measures are in response to regional tensions.
Reuters is reporting the U.S. is withdrawing its troops from key bases throughout the region as a precaution after Iran, in the face of threats from the U.S., said earlier today it had warned its neighbors hosting American troops that it would hit the U.S. bases if Washington strikes. Canadian Prime Minister Mark Carney is in Beijing. He's aiming to repair relations with China, focusing on trade and seeking a new partnership to reduce economic reliance on the U.S., This marks the first visit by a Canadian leader to China in nearly a decade. A Defense Department contractor who allegedly leaked information to a Washington Post journalist has reportedly been arrested. Attorney General Pam Bondi posted on social media the Justice Department carried out a search warrant at the journalist's home after she allegedly obtained and reported classified information from the contractor.
In April, Bondi rescinded a policy preventing officials from searching reporters' phone records when trying to identify government personnel whistleblowers.
What recent developments occurred during the White House meeting with Greenland?
Bank of America's equity traders posted their best fourth quarter ever as the company reaped the benefits of volatile markets and net interest income topped analyst estimates. CEO Brian Moynihan told investors he expects Bank of America's headcount to fall in 2026, even while it makes new hires to cover vacancies caused by attrition.
Today's activity in Erica and our consumer business alone is worth thousands of teammates that we don't have to have to do the great work we do for the customer.
Bank of America CEO Brian Moynihan shares declined amid concerns about expenses. Bank of America shares now more than 5% lower. And Wall Street traders drove a rotation out of the tech mega caps that have been powering the bull market with stocks seeing their first back-to-back losses in 2026. We check the markets for you all day long here at Bloomberg. The S&P 500 down more than 1%, NASDAQ down more than 1.5%, and the Dow is down about six-tenths of a percent. The 10-year Treasury yield at 4.13% and the 2-year yield at 3.5%. Federal Reserve Governor Stephen Myron says the Trump administration's deregulatory agenda offers an additional reason to continue lowering interest rates. Myron believes deregulation will boost competition, productivity and potential growth, allowing faster economic growth without putting upward pressure on inflation.
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