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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. President Trump has reportedly said he has no

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Speaker 1: plan to remove Fedshair J. Powell. These remarks come as

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Speaker 1: the Department of Justice continues to investigate the renovation project

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Speaker 1: of the Fed's headquarters and Powell's testimony to Congress about

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Speaker 1: it tonight. President Trump told Reuters it's too early to

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Speaker 1: say if the probe would give him grounds to oust Powell,

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Speaker 1: and that he's in a holding pattern with respect to

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Speaker 1: the FED chairman. Trump also praised potential nominees to replace Powell.

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Speaker 1: They include White House Economic advisor Kevin Hassett and former

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Speaker 1: FED governor Kevin Walsh. Trump went on to say he

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Speaker 1: will be announcing something in a couple of weeks. President

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Speaker 1: Trump's pressure campaign to unify his party behind the US

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Speaker 1: action in Venezuela has succeeded. All but three Senate Republicans

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Speaker 1: voted today to block a resolution to oppose further military

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Speaker 1: action in that country. Here he is Senate Minority Leader

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Speaker 1: Chuck Schumer.

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Speaker 2: What has happened tonight is a roadmap to another endless

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Speaker 2: war because this Senate, under Republican leadership, failed to assert

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Speaker 2: its legitimate and needed authority.

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Speaker 1: That was Senate Minority Leader Chuck Schumer. Now, the legislation

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Speaker 1: was not expected to become law, since Trump has said

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Speaker 1: he would veto it. Nonetheless, Vice President jd Vance broke

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Speaker 1: a tie and defeated the resolution. The Prime Minister of

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Speaker 1: Greenland has categorically ruled out joining the US. He said

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Speaker 1: the Arctic territory prefers to be in union with Denmark. Now.

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Speaker 1: His remarks came as diplomats from both Denmark and Greenland

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Speaker 1: met today with US officials. Here is Danish Foreign Minister

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Speaker 1: Lars Luca Rusmussen.

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Speaker 3: Greenland for the time being and for super future will

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Speaker 3: remain within the Kingdom of Denmark. And therefore this is

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Speaker 3: a common position that we want to work with our

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Speaker 3: American friends and allies. But it must be respectful corporation

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Speaker 3: and it must respect the rate lines.

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Speaker 1: For his part, President Trump said he's not going to

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Speaker 1: give up on acquiring Greenland. If we don't go.

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Speaker 4: In, Russia's going to go in, and Jena is going

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Speaker 4: to go in, and is not a thing that Denmark

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Speaker 4: can do about it, but we can do everything about it.

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Speaker 1: Meantime, Germany said it will send military personnel to Greenland

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Speaker 1: as European nations respond to those US threats. Also today,

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Speaker 1: President Trump said he has been assured that Iran would

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Speaker 1: stop killing protesters. Trump said he was informed by very

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Speaker 1: important sources. Here is Becca Wasser from Bloomberg Economics.

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Speaker 5: Right now, everything is on the table still. The President

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Speaker 5: has said that he has on good authority that they've

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Speaker 5: stopped the killings, but he wants to wait and see

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Speaker 5: exactly what happens. So he's retaining all of the options

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Speaker 5: that have been talked about in the National Security Council

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Speaker 5: meeting on Iran that happened just the other day. So

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Speaker 5: all that to say is we still could see strikes,

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Speaker 5: but this does seem to be de escalated a little

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Speaker 5: bit or stepping back from where he's been.

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Speaker 1: That is Becca Wallzer from Bloomberg Economics. Meantime, Iran has

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Speaker 1: temporarily closed airspace around its capital, Tehran, as tensions with

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Speaker 1: the US rise and nationwide protests continue. The so called

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Speaker 1: notice to air missions is in effect for about two

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Speaker 1: hours until four am local time on Thursday. Now. This

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Speaker 1: will only allow exemptions for international flights arriving and departing

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Speaker 1: from Tehran with prior permission from Iran's Civil Aviation Authority.

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Speaker 1: The US State Department will pause issuing immigrant visas for

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Speaker 1: people from seventy five countries, including Afghanistan, Iran, Russia, Somalia,

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Speaker 1: and Brazil. Here is Bloomberg's Eric Martin.

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Speaker 6: Our understanding is that, of course, the State Department has

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Speaker 6: data on looking at benefits and which immigrants from which

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Speaker 6: countries tend to use US benefits when they come to

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Speaker 6: the US. Been kind of the guide for deciding on

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Speaker 6: these seventy five countries. This is for immigrant visa, so

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Speaker 6: this is not affecting people coming here this summer for

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Speaker 6: the World Cup or people coming on business and tourist visas.

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Speaker 6: This is more likely going to affect family members of

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Speaker 6: people currently in the US and others who are looking

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Speaker 6: to move here to live and work on a permanent basis.

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Speaker 1: That is Bloomberg's Eric Martin. Banking shares fell today after

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Speaker 1: reporting quarterly results. We had Wells Fargo missing profit expectations.

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Speaker 1: The stock was down more than four and a half percent.

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Speaker 1: Bank of America slid three point eight percent today given

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Speaker 1: concern about its outlook for expenses, and City Group hosted

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Speaker 1: a surge in financial advisory fees. However, the bank trimmed

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Speaker 1: guidance on its efficiency ratio. Shares in City were down

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Speaker 1: today by three point three percent. Here is Bloomberg analyst

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Speaker 1: Herman Chan.

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Speaker 4: A lot of sector rotation into banks and financials in general,

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Speaker 4: and you have a higher bar and higher expectations heading

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Speaker 4: into the fourth quarter of results. You saw that with

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Speaker 4: JP Morgan yesterday where the stock was down, and now

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Speaker 4: you've seen Bank of America City and Wells Fargo also

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Speaker 4: a weaker in today's trading session. I would say that

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Speaker 4: Wells Fargo missed estimates, and then there is a much

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Speaker 4: tighter focus on expenses, especially with JP Morgan's estimate of

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Speaker 4: nine percent expense growth for twenty twenty six. So that's

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Speaker 4: really front and center for a lot.

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Speaker 1: Of these banks, and that is news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Doug Chrisner and this

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Speaker 1: is Bloomberg