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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the latest from the World Economic

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Speaker 3: Forum in Davos, Switzerland. President Trump is on his way

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Speaker 3: to attend the annual gathering of global elites, and he's

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Speaker 3: promising to talk about America's successes.

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Speaker 4: The country's never done better.

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Speaker 5: We have eighteen prillion.

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Speaker 4: Dollars plus coming in.

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Speaker 3: We've never had anything like it, and no country has

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Speaker 3: had anything like it. The President spoke to reporters before

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Speaker 3: boarding Air Force one, but the trip's already gotten off

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Speaker 3: to a rough start. The plane had to return to

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Speaker 3: Joint Bass Andrews shortly after takeoff due to a mechanical issue.

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Speaker 3: President Trump was eventually able to get on a replacement plane,

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Speaker 3: but it delayed his departure by more than two hours.

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Speaker 3: The President's speech is scheduled for eight thirty am Wall

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Speaker 3: Street time, but Treasury Secretary Scott Bessent in Davos says

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Speaker 3: he expects the president to be about three hours late.

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Speaker 3: We will carry the President's remarks when they happen on

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Speaker 3: Bloomberg Radio. Bloomberg Television and the Bloomberg Podcast channel on YouTube, Nathan.

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Speaker 2: When President Trump does arrive in Davos, he could find

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Speaker 2: allies shaken by his stated desire to take control of Greenland.

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Speaker 2: The President has announced ten percent tariffs on goods from

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Speaker 2: eight European countries starting next month unless he has a

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Speaker 2: deal to purchase Denmark's territory. Officials in Europe have started

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Speaker 2: drafting plans to retaliate, but President Trump says he does

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Speaker 2: not think they will.

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Speaker 4: I think that we will work something out when NATO's

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Speaker 4: going to be very happy and where we're going to

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Speaker 4: be very happy.

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Speaker 2: President Trump spoke at a White House news conference or

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Speaker 2: live here on Bloomberg Radio, marking his first year back

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Speaker 2: in office. Asked how far he'd go to acquire Greenland,

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Speaker 2: the President responded, you'll find out.

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Speaker 6: Well.

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Speaker 3: Karen Franz is requesting that NATO carry out a military

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Speaker 3: exercise in Greenland in a bid to boost the region's security.

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Speaker 3: That brought an angry response from Treasury Secretary Scott Besson

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Speaker 3: this morning.

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Speaker 7: If this is what all President Macron has to do

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Speaker 7: when the European, when the French budget is in shambles,

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Speaker 7: I would suggest that he focuses on other things for

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Speaker 7: the French people.

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Speaker 3: Treasury Secretary Scott Besstt is questioning the message European allies

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Speaker 3: are sending following Denmark's recent decision, as well as that

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Speaker 3: of seven other NATO nations, to deploy a handful of

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Speaker 3: officers to Greenland.

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Speaker 5: Nathan.

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Speaker 2: The Treasury Secretary is also pushing back after a Danish

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Speaker 2: pension fund said it plans to sell it's US treasury

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Speaker 2: holdings by the end of the month. Academic Are Pensions

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Speaker 2: cited US fiscal policies and Trump's desire to own Greenland

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Speaker 2: as reasons for the decision. Here's Bessent again this morning

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Speaker 2: in Davos.

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Speaker 7: Well, the size Denmark's investment in US treasury bonds, like

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Speaker 7: Denmark itself, is irrelevant. That is less than one hundred

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Speaker 7: million dollars. They've been selling treasuries for years. I'm not

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Speaker 7: concerned at all.

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Speaker 3: The Treasury Secretary Scott Besson's comments follow on the US

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Speaker 3: market route yesterday that saw the S and P five

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Speaker 3: hundred log its worst day since October, and Bloomberg's John

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Speaker 3: Tucker's here with the latest.

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Speaker 8: John, Good morning, and good morning Nathan. Yeah, the S

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Speaker 8: and p five hundred erased It's twenty twenty six games.

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Speaker 8: Bomb prices and the dollar fell all after President Trump

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Speaker 8: threatened tarras on multiple European countries who have opposed his

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Speaker 8: pressure to take over Greenland. JP Morgan Asset Management's Bob

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Speaker 8: Michaels sees it this way.

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Speaker 9: It seems crazy, except that things have a way of

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Speaker 9: happening which people didn't think would happen. So you have

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Speaker 9: to back away and de risk a bet.

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Speaker 8: Well, Michael says, the selloff in markets is a message

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Speaker 8: to President Trump's administration to take action to restore calm,

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Speaker 8: as officials did after Liberation Day. Terrems rattled investors last year. Well,

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Speaker 8: this morning, risk assets may have found a floor. US

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Speaker 8: treasury yields their backing down, and Japan's longer maturity bonds

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Speaker 8: they've rebounded after yields there hit a record high yesterday.

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Speaker 8: Although Japan's route was a separate issue, it was just

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Speaker 8: one more thing to test investor patients in New York

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Speaker 8: On John Tucker Bloomberg Radio, all.

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Speaker 2: Right, John, thank you, welcome. The World Economic Forum moved

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Speaker 2: from Davos. Larry Fink, the interim CO chief of the WEF,

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Speaker 2: is thinking about a venue change for the flagship event.

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Speaker 2: On a post on LinkedIn, he brought up Detroit and Dublin,

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Speaker 2: and cities like Jakarta and Buenos Aires as possible future size.

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Speaker 2: A possible relocation would be a blow to Switzerland, which

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Speaker 2: has benefited from the forum being held in the Swiss

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Speaker 2: Alps for decades well.

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Speaker 3: Turning back to the White House Now Karen, President Trump

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Speaker 3: spent much of his news conference defending the immigration crackdown

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Speaker 3: in Minneapolis that has sparked confrontations between officers and demonstrators

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Speaker 3: and led to nationwide protests. The President said his team

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Speaker 3: needs to focus on highlighting arrests of violent migrants, as

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Speaker 3: he held up a series of photos of people he

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Speaker 3: says are criminal, illegal aliens.

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Speaker 4: In many cases, murderers, their drug lords, drug dealers, they're

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Speaker 4: the mentally insane, some of them who are brutal killers.

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Speaker 4: They're mentally insane. They're killers, but they're insane.

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Speaker 3: But the President says, immigration and Customs enforcement agents can

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Speaker 3: sometimes make mistakes. Even as he broadly defended the crackdown,

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Speaker 3: Bloomberg News has learned the Justice Departments issued subpoenas against

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Speaker 3: top Minnesota officials accused of conspiring to impede the federal

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Speaker 3: enforcement well.

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Speaker 2: Staying in the nation's capital, Nathan. The Supreme Court is

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Speaker 2: hearing arguments over President Trump's effort to oust Federal Reserve

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Speaker 2: Governor Lisa Cook, and Bloomberg's Amy Morris has more from Washington.

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Speaker 10: FED Chair J. Powell is expected to attend the Supreme

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Speaker 10: Court hearing on the Trump administration's attempts to fire FED

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Speaker 10: Governor Lisa Cook based on allegations that she committed mortgage fraud,

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Speaker 10: which she denies. Cook spoke about those allegations in November

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Speaker 10: at the Brookings Institution and.

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Speaker 8: Multiple briefs filed by my very skilled legal team.

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Speaker 9: Questions related to this case and its potential impact on

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Speaker 9: the Federal Reserve have been addressed at lemb.

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Speaker 10: Critics say the justices are being asked to effectively bless

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Speaker 10: Trump's efforts to undermine the Fed's independence, giving the president

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Speaker 10: the power over interest rate policy in Washington. Amy Morris

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Speaker 10: Bloomberg Radio.

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Speaker 3: Amy thank you. Turning into company earnings now. Shares of

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Speaker 3: Netflix are down more than five and a half percent

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Speaker 3: in early trading. Fourth quarter results largely beat Wall Street estimates,

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Speaker 3: but Netflix issued a cautious forecast for the months ahead,

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Speaker 3: citing higher program spending and the cost of closing its

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Speaker 3: deal for Warner Brothers Discovery. David Joyce covers Netflix for

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Speaker 3: Seaport Research Partners, they did beat in.

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Speaker 11: The December quarter, but it's always about what are you

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Speaker 11: going to do for me next? And while the revenue

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Speaker 11: guide was a little better than expected, the margin was

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Speaker 11: a little bit lighter for the guidance. So I think,

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Speaker 11: you know, people are the concerns that maybe the Warner

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Speaker 11: Brothers Discovery deal does have something to do with the

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Speaker 11: long term growth out look that the management has that

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Speaker 11: might not be as rosie as investors had.

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Speaker 3: Seaport Research Partners David Joyce. Netflix says the Warner Brothers

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Speaker 3: deal expected to add two hundred and seventy five million

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Speaker 3: dollars in costs for this year, and it also plans

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Speaker 3: to increase spending on films and TV shows by ten

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Speaker 3: percent this year.

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Speaker 2: Well Nathan sharers have United Airlines taking off this morning.

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Speaker 2: They're at more than four percent. The airline beat Wall

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Speaker 2: Street estimates for the fourth quarter and anticipates a strong

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Speaker 2: twenty twenty six. It credits demand from high spending domestic

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Speaker 2: passengers and international travelers time now for a look at

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Speaker 2: some of the other stories making news in New York

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Speaker 2: and around the world. And for that we're joined by

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Speaker 2: Bloomberg's Michael Barr.

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Speaker 6: Michael, good Morning, Good morning, Karen. Mayors are on them,

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Speaker 6: Donnie and Vermont Senator Bernie Sanders joined striking nurses on

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Speaker 6: the picket line yesterday in New York City. Fifteen thousand

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Speaker 6: nurses went on strike more than a week ago, and

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Speaker 6: there is still no talk scheduled. The nurses say they

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Speaker 6: are facing extreme staffing shortage and that patient care is suffering.

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Speaker 6: Mayor mem dnnick, this is.

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Speaker 4: About safe working conditions, This is about a fair contract,

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Speaker 4: This is about dignity.

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Speaker 6: Senator Sanders says the medical industry is more interested in

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Speaker 6: turning a profit. The people of.

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Speaker 10: This country are sick.

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Speaker 8: And tired of the greed.

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Speaker 6: In the healthcare industry. In a statement, New York Presbyterian

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Speaker 6: said all of its hospitals and emergency rooms remain open

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Speaker 6: and are operating smoothly. They also push back on pay

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Speaker 6: and benefits. The hospital said its nurses are among the

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Speaker 6: highest paid in the city, with an average annual compensation

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Speaker 6: of one hundred and sixty three thousand dollars. Actor and

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Speaker 6: director Timothy Busfield is ordered release from a jail in Albuquerque,

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Speaker 6: New Mexico, until his trial. Busfield is accused of having

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Speaker 6: sexual contact with two child actors on the set of

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Speaker 6: the TV show The Cleaning Lady. Busfield's wife, actor Melissa Gilbert,

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Speaker 6: wrote a letter saying her husband has the strongest moral

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Speaker 6: compass of anyone she has ever known. She spoke outside

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Speaker 6: the court.

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Speaker 12: I want to express my gratitude to this judge who

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Speaker 12: hurt everything he needed to hear and made his ruin

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Speaker 12: in a very considered and considerate and judicial way.

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Speaker 6: The judge has ruled the defendant be released on his

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Speaker 6: own recognizance. Lindsey Halligan, the interim US Attorney in Eastern Virginia,

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Speaker 6: is leaving her post. Halligan's departure comes after the Chief

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Speaker 6: Judge and the region istion in order that she may

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Speaker 6: not continue beyond her one hundred and twenty day term.

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Speaker 6: Halligan brought charges against two of President Trump's biggest perceived

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Speaker 6: political enemies, former FBI Director James Comy and New York

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Speaker 6: Attorney General Letitia James. Global News twenty four hours a

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Speaker 6: day and whenever you want it with Bloomberg News Now

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Speaker 6: Michael Barr, and this is Bloomberg.

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Speaker 2: Hearron, Well, thanks Michael all the time. Now for our

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Speaker 2: Bloomberg Sports Update, and for them, we bring in John

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Speaker 2: stash Hour.

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Speaker 13: Thanks Karen. From night ninety one until this year, only

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Speaker 13: two center fielders were named for induction of the Baseball

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Speaker 13: Hall of Fame, Ken Griffy Junior and Kirby Puckett. Two

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Speaker 13: center fielders are going to go in this year. Carlos Beltran,

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Speaker 13: a nine time All Star, played twenty seasons, and Andrew Jones,

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Speaker 13: who spent twelve years in Atlanta, won ten straight Gold

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Speaker 13: Glove Awards. Only three college basketball teams still undefeated. One

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Speaker 13: of them is Miami of Ohio, who beat Kent State

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Speaker 13: in overtime and now has a record of twenty and oh,

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Speaker 13: that's your Bloomberg Sports Update.

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Speaker 2: Stay with us more from Bloomberg day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. President Donald Trump is on

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Speaker 3: his way to a World Economic forum in Davos, Switzerland,

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Speaker 3: that has been shaken by major geopolitical shifts, and just

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Speaker 3: his first year back in office chief among them. Now,

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Speaker 3: the President stated desire to take control of Greenland.

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Speaker 4: We need it for security purposes. We need a for

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Speaker 4: national security and even world security. It's very important man.

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Speaker 3: At a White House news conference heard live on Bloomberg Radio,

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Speaker 3: the President said he thinks he'll be able to work

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Speaker 3: out a deal that'll make everyone happy. Joining us now

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Speaker 3: from Davos this morning, Bloomberg Surveillance anchor Lisa Bromwitz, Lisa,

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Speaker 3: is Davos man ready to make a deal over Greenland.

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Speaker 5: Good morning, Good morning, Nathan. And that is a perfect

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Speaker 5: way of putting it. The Davos Man is one hundred

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Speaker 5: percent for President Donald Trump of the United States. Not

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Speaker 5: only has his whole image loomed over the entirety of

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Speaker 5: this conference, but really all eyes are trained on that

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Speaker 5: two thirty pm Local time eight thirty am Eastern time

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Speaker 5: speech by President Trump. We understand that it could still

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Speaker 5: be at that time even after the delay in his plane,

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Speaker 5: as plane had a slight issue with some of the lighting,

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Speaker 5: and just to be abundantly cautious, they turned around delayed

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Speaker 5: to about three hours or so, and so people are

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Speaker 5: wondering when the speech will actually be but nonetheless everyone

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Speaker 5: is trying to see what tone he'll take, will be

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Speaker 5: taking the temperature up or down. So far this morning, Nathan,

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Speaker 5: we've heard already from Treasury Secretary Scott Besson, and he

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Speaker 5: had a more fiery type of tone to him, calling

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Speaker 5: that Denmark pension Fond that said it was selling treasuries irrelevant,

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Speaker 5: that Denmark in general was irrelevant, and that Europeans should

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Speaker 5: do the right thing. So really interesting setup heading into

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Speaker 5: this discussion.

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Speaker 3: That is an interesting setup given to what we heard

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Speaker 3: yesterday from Treasury Secretary Besson was that European allies should

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Speaker 3: sit back, take a deep breath, and see what happens

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Speaker 3: once President Trump comes. We've seen some pretty heated response

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Speaker 3: as well from allies ahead of this speech. I mean,

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Speaker 3: what kind of atmosphere could the president be headed into here?

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Speaker 5: Well, it's an interesting question. On one hand, of course,

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Speaker 5: there's a knee jerk anger, frustration, feeling the trade or

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Speaker 5: all of those emotions that really fed into people looking

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Speaker 5: for or some sort of So America trade. Just to

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Speaker 5: be frank on the flip side and what you're hearing

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Speaker 5: from the leaders of Finland and the United Kingdom and

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Speaker 5: others is take a step back, take a deep breath, listen,

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Speaker 5: try to make a discussion that will actually have a

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Speaker 5: fruitful outcome, rather than make rash decisions on emotions. Who

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Speaker 5: are speaking with Finland President Alexander Stubi yesterday and he

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Speaker 5: was saying, you know, these things are negotiation and you

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Speaker 5: need to have an open mind and you cannot act

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Speaker 5: purely out of emotion, and that's kind of how he's

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Speaker 5: approaching it. You've heard a very different response from Francis

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Speaker 5: Emmanuel Macaun yesterday with his sungnglasses on inside, because he

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Speaker 5: has been really pushing back against this and saying it's

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Speaker 5: blackmail and coercion, that they're not going to stand for it.

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Speaker 3: Yeah, you sort of highlight the kind of disparate approaches

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Speaker 3: to the president from allies. It raises a question about

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Speaker 3: whether this is raising a potential of fracturing the European Alliance,

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Speaker 3: not just in how it approaches the president, but in

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Speaker 3: its own cohesion.

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Speaker 5: This is an either a feature or above, but certainly

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Speaker 5: a consistent feature of the European Union for years, and

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Speaker 5: part of the issue has been this sort of fracture

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Speaker 5: within the Union about how to deal with certain things.

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Speaker 5: Think about the relationship with China, think about the relationship

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Speaker 5: with the United States, and certainly think about the relationship

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Speaker 5: that the entire continent has with President Donald Trump. A

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Speaker 5: real question about what kind of cohesion there can be.

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Speaker 5: And then behind all of that, does the European trade

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Speaker 5: deal with United States stand given the fact that some

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Speaker 5: of these new tariffs would be in addition to that

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Speaker 5: or potentially interfere with that. We've heard from some government

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Speaker 5: officials from the United States saying they expect this deal

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Speaker 5: to still stand. Similar kind of rhetoric coming out of

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Speaker 5: the European Union. But a real question here, and this

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Speaker 5: is part of the reason why people had such acts

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Speaker 5: coming into this. When is a deal actually a deal?

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Speaker 2: Right?

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Speaker 5: I mean, if you end up adding tariffs to it,

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Speaker 5: then is it a moving target that can shift around

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Speaker 5: at any time? How do businesses plan and if they

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Speaker 5: don't have a good sense of exactly what the landscape

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Speaker 5: of tariff looks like that I think people are looking

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Speaker 5: to clarify as well. Is this a moving target or

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Speaker 5: is a deal a deal?

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Speaker 3: Just about a minute left here, Lisa, how does all

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Speaker 3: this potentially overshadow what we've heard from the President is

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Speaker 3: going to be his message to Americans back home, addressing

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Speaker 3: their affordability concerns.

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Speaker 5: You know, that would have been front and center, and

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Speaker 5: that was how he was billing it. If he came

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Speaker 5: here and he discussed Fannie May and Freddie Mack for

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Speaker 5: an hour to the stage of Davos, I think that

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Speaker 5: it would fall on some frustrated years who are looking

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Speaker 5: for the geopolitical discussion nevertheless very much, and I needs

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Speaker 5: to be focused from his political perspective on some of

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Speaker 5: the angst and the concerns are about affordability back home,

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Speaker 5: and you're certainly hearing that from a lot of businesses

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Speaker 5: here in Davos as well. So it has to toggle

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Speaker 5: between the two, and I think that's what people are

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Speaker 5: looking for.

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