1 00:00:00,840 --> 00:00:03,400 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,400 --> 00:00:07,600 Speaker 1: Monica Ricks. Treasury Secretary Scott Besson says the US will 3 00:00:07,640 --> 00:00:10,879 Speaker 1: not back down on taking over Greenland, adding Europe is 4 00:00:11,000 --> 00:00:12,800 Speaker 1: too weak to ensure its security. 5 00:00:12,960 --> 00:00:16,200 Speaker 2: I believe that the Europeans will understand that this is 6 00:00:16,239 --> 00:00:18,480 Speaker 2: best for Greenland, best for Europe, and best for the 7 00:00:18,560 --> 00:00:19,200 Speaker 2: United States. 8 00:00:19,400 --> 00:00:22,640 Speaker 1: Beson Tilling NBCs meet the press. Taking Greenland should not 9 00:00:22,720 --> 00:00:26,119 Speaker 1: spell the end of NATO. A German military reconnaissance team 10 00:00:26,120 --> 00:00:29,000 Speaker 1: has already left Greenland after being deployed there for just 11 00:00:29,080 --> 00:00:32,559 Speaker 1: forty four hours. But European lawmakers have also called for 12 00:00:32,600 --> 00:00:35,680 Speaker 1: a halt to a US EU trade truce, and France 13 00:00:35,720 --> 00:00:39,320 Speaker 1: wants to activate the European Union so called trade Bazuka, 14 00:00:39,479 --> 00:00:43,000 Speaker 1: an anti coercion instrument that uses trade measures to pressure 15 00:00:43,080 --> 00:00:46,960 Speaker 1: policy choices by the EU or its members. Up until now, 16 00:00:47,080 --> 00:00:50,800 Speaker 1: it's never been used. Whether Trump's tariffs take effect also 17 00:00:50,880 --> 00:00:54,280 Speaker 1: depends on appending ruling from the Supreme Court, and Wall 18 00:00:54,320 --> 00:00:57,440 Speaker 1: Street is looking ahead to Tuesday to hear from those justices. 19 00:00:57,600 --> 00:01:00,000 Speaker 1: Bloombergs Nathan Hagers and Washington. 20 00:01:00,080 --> 00:01:02,680 Speaker 3: Court has gone through two opinion days this year without 21 00:01:02,760 --> 00:01:06,479 Speaker 3: ruling on President Trump's emergency tariffs, investors will see whether 22 00:01:06,520 --> 00:01:09,319 Speaker 3: the third day is the one. The Justices have said 23 00:01:09,319 --> 00:01:12,440 Speaker 3: this Tuesday as their next opinion day. As usual, the 24 00:01:12,520 --> 00:01:15,039 Speaker 3: High Court never says which cases it will decide on 25 00:01:15,160 --> 00:01:17,959 Speaker 3: until the justices return to the bench. If a tariff 26 00:01:18,040 --> 00:01:20,440 Speaker 3: ruling doesn't come this week, it could be a while. 27 00:01:20,640 --> 00:01:23,680 Speaker 3: The Supreme Court scheduled for a month long break starting 28 00:01:23,680 --> 00:01:27,960 Speaker 3: after this Wednesday. In Washington. I'm Nathan Hager Bloomberg Radio. 29 00:01:28,080 --> 00:01:31,200 Speaker 1: The Supreme Court's expected to hear oral arguments on Wednesday 30 00:01:31,280 --> 00:01:33,680 Speaker 1: and decide whether the President has the authority to fire 31 00:01:33,720 --> 00:01:37,520 Speaker 1: FED Governor Lisa Cook for cause. The President accused Cook 32 00:01:37,520 --> 00:01:40,920 Speaker 1: of alleged mortgage fraud last year, which she denies. Former 33 00:01:40,920 --> 00:01:43,280 Speaker 1: FED chair Janet Yellen talked to Bloomberg about it, and 34 00:01:43,360 --> 00:01:46,440 Speaker 1: she says a ruling in Trump's favor would be devastating. 35 00:01:46,640 --> 00:01:50,800 Speaker 4: This is just going too far, because when a president 36 00:01:50,960 --> 00:01:56,440 Speaker 4: weaponizes the Department of Justice and uses pretenses to go 37 00:01:56,560 --> 00:02:00,000 Speaker 4: after enemies, you know, we're not living in a democracy. 38 00:02:00,160 --> 00:02:00,960 Speaker 4: See any more of. 39 00:02:01,000 --> 00:02:02,240 Speaker 5: That to want to happen. 40 00:02:02,520 --> 00:02:05,640 Speaker 1: Hear more from Jenna Yellen on the Everybody's Business podcast. 41 00:02:05,920 --> 00:02:08,520 Speaker 1: Trump's also tried to fire FED chair Jerome Powell for 42 00:02:08,520 --> 00:02:12,360 Speaker 1: a cause, following repeated attacks for not lowering interest rates enough. 43 00:02:13,120 --> 00:02:16,560 Speaker 1: White House economic advisor Kevin Hasset says President Trump may 44 00:02:16,600 --> 00:02:19,040 Speaker 1: well keep him at his current job, which would eliminate 45 00:02:19,120 --> 00:02:22,000 Speaker 1: him from replacing Jerome Powell as the next FED chair. 46 00:02:22,240 --> 00:02:24,160 Speaker 2: From the beginning, he and I have talked about whether 47 00:02:24,240 --> 00:02:25,880 Speaker 2: it's better for me to be here in the West 48 00:02:25,880 --> 00:02:27,720 Speaker 2: Wing or over at the FED. I don't think he's 49 00:02:28,080 --> 00:02:30,400 Speaker 2: made a final call on that, but I got to 50 00:02:30,440 --> 00:02:32,679 Speaker 2: say that I'm even humbled still perhaps to be in 51 00:02:32,720 --> 00:02:33,840 Speaker 2: the running with the other people. 52 00:02:34,040 --> 00:02:37,000 Speaker 1: Hassett on Fox's Sunday News Briefing. He'd been seen as 53 00:02:37,000 --> 00:02:39,480 Speaker 1: a front runner to lead the Central Bank till recently, 54 00:02:39,600 --> 00:02:43,480 Speaker 1: with FED governor's Christopher Waller, Kevin Walsh, and Blackrock executive 55 00:02:43,560 --> 00:02:47,399 Speaker 1: Rick Reader also on Trump's shortlist. Reader's candidacy is said 56 00:02:47,440 --> 00:02:51,840 Speaker 1: to be gaining momentum. President Trump's economic and geopolitical agenda 57 00:02:51,919 --> 00:02:55,280 Speaker 1: hit the global stage this week. Here's Bloomberg's Andrew O'Day. 58 00:02:55,520 --> 00:02:59,400 Speaker 6: He is slated to address the World Economic Forum in Devox, Switzerland. 59 00:02:59,480 --> 00:03:02,560 Speaker 6: Trump's now bastion and Economic Council director Kevin Hassett says, 60 00:03:02,560 --> 00:03:05,200 Speaker 6: among items. The President plans to announce a Davos will 61 00:03:05,200 --> 00:03:07,720 Speaker 6: be a plan for letting savers in four oh one 62 00:03:07,800 --> 00:03:10,560 Speaker 6: k retirement plans use some of their money for down 63 00:03:10,560 --> 00:03:15,280 Speaker 6: payments on a home purchase. Andreo Dan Bloomberg Radio. 64 00:03:16,480 --> 00:03:20,799 Speaker 1: Violent clashes continue in Minneapolis amid pro ICE demonstrations now 65 00:03:20,840 --> 00:03:21,760 Speaker 1: happening in the city. 66 00:03:21,880 --> 00:03:23,160 Speaker 2: They're only ones escalating. 67 00:03:23,360 --> 00:03:25,960 Speaker 1: The FBI has asked agents to head to Minneapolis to 68 00:03:26,000 --> 00:03:29,920 Speaker 1: aid ICE. The Pentagon also has troops on standby. The 69 00:03:29,960 --> 00:03:33,280 Speaker 1: Trump administration will allow more foreign athletes to travel to 70 00:03:33,320 --> 00:03:36,520 Speaker 1: the US despite its visa ban on dozens of countries. 71 00:03:36,880 --> 00:03:40,080 Speaker 1: The State Department now says athletes, coaches, and support staff 72 00:03:40,080 --> 00:03:42,640 Speaker 1: for events like the World Cup and Olympics can come, 73 00:03:42,920 --> 00:03:47,160 Speaker 1: but foreign fans are still banned. The CDC keeps flagging 74 00:03:47,200 --> 00:03:50,680 Speaker 1: surging flu and measles cases, which actually just marked the 75 00:03:50,760 --> 00:03:53,280 Speaker 1: highest number of cases in the US last year since 76 00:03:53,320 --> 00:03:56,800 Speaker 1: the early nineties. Doctor oluk Ptel's a pediatrician in the 77 00:03:56,840 --> 00:03:57,360 Speaker 1: Bay Area. 78 00:03:57,560 --> 00:04:01,160 Speaker 3: The majority of cases were in children and teens, and 79 00:04:01,280 --> 00:04:04,480 Speaker 3: over ninety percent of cases were in those who were unvaccinated. 80 00:04:04,560 --> 00:04:07,080 Speaker 1: In the last ten days alone, health officials have confirmed 81 00:04:07,200 --> 00:04:10,840 Speaker 1: hundreds of measles cases in states like South Carolina, and 82 00:04:10,920 --> 00:04:13,600 Speaker 1: a bill to protect children from social media harms is 83 00:04:13,640 --> 00:04:16,440 Speaker 1: moving forward, but it's catching some heat on Capitol Hill. 84 00:04:16,640 --> 00:04:19,000 Speaker 1: Bloomberg's Amy Morris explains from Washington. 85 00:04:19,160 --> 00:04:22,000 Speaker 5: The Kids Off Social Media Act, or COSMA, would ban 86 00:04:22,160 --> 00:04:26,280 Speaker 5: kids under thirteen from accessing social media accounts and require 87 00:04:26,360 --> 00:04:30,080 Speaker 5: tech companies to delete existing accounts of young children. But 88 00:04:30,200 --> 00:04:33,679 Speaker 5: some lawmakers, civil rights groups, and tech officials say COSMA 89 00:04:33,800 --> 00:04:38,159 Speaker 5: raises concerns about free speech, government overreach, and individual privacy. 90 00:04:38,520 --> 00:04:42,520 Speaker 5: An alternative proposal would require social media companies to prevent 91 00:04:42,560 --> 00:04:45,560 Speaker 5: harm to minors, and it has enough support for Congress 92 00:04:45,560 --> 00:04:49,320 Speaker 5: to pass now. In Washington, Amy Morris, Bloomberg Radio. 93 00:04:49,120 --> 00:04:53,359 Speaker 1: Tickets for tomorrow's college football National Championship game are skyrocketing. 94 00:04:53,480 --> 00:04:56,720 Speaker 1: The cheapest ticket right now is about thirty five hundred bucks. 95 00:04:57,040 --> 00:04:59,520 Speaker 1: Some have even been listed as high as thirty thousand 96 00:04:59,640 --> 00:05:02,240 Speaker 1: and pre me and parking, that's more than nine thousand 97 00:05:02,240 --> 00:05:04,640 Speaker 1: dollars right now. The frenzy is being driven by a 98 00:05:04,680 --> 00:05:08,320 Speaker 1: large local alumni base and great storylines like Indiana's Heisman 99 00:05:08,360 --> 00:05:11,800 Speaker 1: Trophy winning quarterback Fernando Mendoza, who's returning home to play 100 00:05:11,800 --> 00:05:14,480 Speaker 1: in South Florida. The game set for tomorrow night at 101 00:05:14,480 --> 00:05:18,240 Speaker 1: seven thirty pm Eastern, and more NFL playoff action gets 102 00:05:18,320 --> 00:05:20,520 Speaker 1: under way later today with the Texans taking on the 103 00:05:20,600 --> 00:05:23,800 Speaker 1: Patriots and Rams and Bears going head to head. Whoever 104 00:05:23,839 --> 00:05:26,840 Speaker 1: wins moves on to division title games. After the Broncos 105 00:05:26,839 --> 00:05:29,960 Speaker 1: beat the Bills yesterday thirty three to thirty, the Seahawks 106 00:05:30,000 --> 00:05:32,400 Speaker 1: also swept the forty nine Ers forty one to six. 107 00:05:32,880 --> 00:05:35,360 Speaker 1: And that's news when you want it with Bloomberg News Now, 108 00:05:35,560 --> 00:05:37,640 Speaker 1: I'm Monica Rix, and this is Bloomberg