1
00:00:01,560 --> 00:00:03,600
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:03,600 --> 00:00:07,600
Speaker 1: Doug Prisner. President Trump will refrain from imposing tariffs on

3
00:00:07,680 --> 00:00:11,000
Speaker 1: goods from those European nations opposed to his efforts to

4
00:00:11,080 --> 00:00:14,240
Speaker 1: take possession of Greenland. Today, in a post on truth

5
00:00:14,320 --> 00:00:17,440
Speaker 1: Social Trump cited the framework of a future deal reached

6
00:00:17,480 --> 00:00:20,439
Speaker 1: with NATO Now. The post followed a meeting with NATO

7
00:00:20,520 --> 00:00:25,640
Speaker 1: Secretary General Mark Ruta at the World Economic Forum in Davos. Afterwards,

8
00:00:25,680 --> 00:00:27,680
Speaker 1: Trump spoke with reporters.

9
00:00:27,800 --> 00:00:32,360
Speaker 2: It's a long pridea. It's the ultimate long term U.

10
00:00:33,400 --> 00:00:35,879
Speaker 3: I think it puts everybody in a really good position,

11
00:00:36,600 --> 00:00:39,440
Speaker 3: especially as it pertains to security and minerals.

12
00:00:39,479 --> 00:00:39,639
Speaker 4: Now.

13
00:00:39,640 --> 00:00:42,280
Speaker 1: The New York Times is reporting the discussions on a

14
00:00:42,320 --> 00:00:45,760
Speaker 1: framework included a compromise in which Denmark would give the

15
00:00:45,880 --> 00:00:49,760
Speaker 1: US sovereignty over small pockets of the territory's land for

16
00:00:49,880 --> 00:00:51,880
Speaker 1: construction of military basis.

17
00:00:52,280 --> 00:00:52,480
Speaker 2: Now.

18
00:00:52,479 --> 00:00:55,880
Speaker 1: Trump's remarks on Greenland sparked a rally in stocks, bonds,

19
00:00:55,920 --> 00:00:59,480
Speaker 1: and the dollar. Small cap shares outperformed, with the Russell

20
00:00:59,480 --> 00:01:02,319
Speaker 1: twand and jumping two percent. The S and P five

21
00:01:02,400 --> 00:01:05,600
Speaker 1: hundred picked up nearly one point two percent today, wiping

22
00:01:05,640 --> 00:01:08,560
Speaker 1: out its drop for all of this year. We got

23
00:01:08,600 --> 00:01:12,160
Speaker 1: reaction from Allison McCartney. She is managing director for wealth

24
00:01:12,240 --> 00:01:14,400
Speaker 1: Management at UBS Financial Services.

25
00:01:14,720 --> 00:01:17,080
Speaker 2: There seems to be or markets are telling us that

26
00:01:17,160 --> 00:01:19,360
Speaker 2: this was a lot of noise. We happen to be

27
00:01:19,440 --> 00:01:23,800
Speaker 2: doing this, I think nicely in an earning season which

28
00:01:23,840 --> 00:01:28,240
Speaker 2: is going extremely well and underpinning the fact that this

29
00:01:28,360 --> 00:01:31,800
Speaker 2: bull market that began in late twenty twenty two, the

30
00:01:31,880 --> 00:01:36,240
Speaker 2: things that are motivating it and sustaining it have not

31
00:01:36,400 --> 00:01:38,080
Speaker 2: changed in the last forty eight hours.

32
00:01:38,160 --> 00:01:42,800
Speaker 1: Allison McCartney from UBS Alignment Partners. The Supreme Court seems

33
00:01:42,840 --> 00:01:45,800
Speaker 1: wary of President Trump's effort to fire FED Governor Lisa

34
00:01:45,880 --> 00:01:50,160
Speaker 1: Cook over unproven allegations of mortgage fraud. More from Bloomberg's

35
00:01:50,200 --> 00:01:50,800
Speaker 1: Amy Morris.

36
00:01:50,800 --> 00:01:54,240
Speaker 4: In Washington, so li's Senor General John Souer argues that

37
00:01:54,320 --> 00:01:56,760
Speaker 4: Cook isn't fit to serve the American people should not

38
00:01:56,840 --> 00:01:59,520
Speaker 4: have their interest rates determined by someone who was at

39
00:01:59,600 --> 00:02:04,040
Speaker 4: best grossly negligent and obtaining favorable interest rates for herself.

40
00:02:04,040 --> 00:02:07,080
Speaker 4: But those allegations are unproven, and the justices seem to

41
00:02:07,120 --> 00:02:10,480
Speaker 4: acknowledge that firing Cook could up end the Fed's independence.

42
00:02:10,840 --> 00:02:14,399
Speaker 4: Justice Brent Kavanaugh expressed skepticism of there being no judicial

43
00:02:14,440 --> 00:02:16,760
Speaker 4: review of the actions of the president.

44
00:02:16,639 --> 00:02:20,839
Speaker 3: Very low bar for cause that the president alone determines,

45
00:02:21,200 --> 00:02:23,840
Speaker 3: and that would weaken, if not shatter, the independence of

46
00:02:23,840 --> 00:02:24,560
Speaker 3: the Federal Reserve.

47
00:02:24,760 --> 00:02:27,200
Speaker 4: FED Governor Cook released a statement saying that as long

48
00:02:27,240 --> 00:02:29,880
Speaker 4: as she serves at the Federal Reserve, she will uphold

49
00:02:29,919 --> 00:02:34,400
Speaker 4: the principle of political independence. In Washington, Amy Morris Bloomberg Radio.

50
00:02:34,240 --> 00:02:37,839
Speaker 1: The notion of FED independence was brought up repeatedly by

51
00:02:37,880 --> 00:02:41,160
Speaker 1: all parties during oral arguments in the Lisa Cook case.

52
00:02:41,600 --> 00:02:44,840
Speaker 1: But for Kevin Hasset, the director of the National Economic Council,

53
00:02:45,280 --> 00:02:48,320
Speaker 1: the FED crossed the line of being independent when Cher

54
00:02:48,440 --> 00:02:51,959
Speaker 1: Powell warned about the impact of President Trump's tariffs.

55
00:02:52,600 --> 00:02:55,040
Speaker 3: For sure, you want to talk about inflation, but precisely then,

56
00:02:55,120 --> 00:02:58,040
Speaker 3: right with President Trump's coming in and settigus tariff agenda,

57
00:02:58,080 --> 00:03:01,640
Speaker 3: to have the FED criticize him, I think is inconsistent

58
00:03:01,760 --> 00:03:03,239
Speaker 3: with the desire for independence.

59
00:03:03,320 --> 00:03:06,080
Speaker 1: Kevin Hassett, speaking there to Bloomberg on the sidelines of

60
00:03:06,120 --> 00:03:09,240
Speaker 1: the World Economic Forum in Davos, Switzerland. We go to

61
00:03:09,320 --> 00:03:12,679
Speaker 1: Texas next, where a jury has acquitted a former Uvaldi

62
00:03:12,720 --> 00:03:17,280
Speaker 1: School's police officer, Adrian Gonzalez had been charged with failing

63
00:03:17,400 --> 00:03:20,440
Speaker 1: in his duty to confront a gunman during an attack

64
00:03:20,480 --> 00:03:24,079
Speaker 1: at rob Elementary in twenty twenty two. Here is his

65
00:03:24,200 --> 00:03:27,360
Speaker 1: defense attorney, Jason Goss speaking after the verdict.

66
00:03:27,480 --> 00:03:29,840
Speaker 4: There was a narrative out there, and frankly, with all

67
00:03:30,000 --> 00:03:31,960
Speaker 4: due respect, there was a false narrative out there, and

68
00:03:32,000 --> 00:03:35,640
Speaker 4: so the true monster in the situation was lost.

69
00:03:35,640 --> 00:03:37,360
Speaker 2: And then it was all directed at Adrian, and so

70
00:03:37,760 --> 00:03:39,880
Speaker 2: that was an uphill battle from day one.

71
00:03:39,920 --> 00:03:43,840
Speaker 1: The verdict came after about seven hours of deliberations following

72
00:03:43,920 --> 00:03:46,720
Speaker 1: a three week trial. The Trump administration has won a

73
00:03:46,800 --> 00:03:51,520
Speaker 1: temporary reprieve and a lawsuit over ICE tactics in Minnesota. Today,

74
00:03:51,560 --> 00:03:54,400
Speaker 1: a US appeals court put on hold an order from

75
00:03:54,440 --> 00:03:58,200
Speaker 1: a lower court that had restricted officers from interfering with

76
00:03:58,320 --> 00:04:02,200
Speaker 1: protesters in the state. Meantime, in Maine, ICE has launched

77
00:04:02,200 --> 00:04:05,520
Speaker 1: an operation targeting people in the state with a significant

78
00:04:05,520 --> 00:04:09,960
Speaker 1: Somali population. Local officials and residents have reported an increased

79
00:04:10,000 --> 00:04:14,040
Speaker 1: presence of ICE agents. Here is Portland Mayor Mark Dion.

80
00:04:14,560 --> 00:04:18,240
Speaker 5: I want to respond to the fact that our communities

81
00:04:18,279 --> 00:04:23,880
Speaker 5: feel anxious and fearful. They see this action as unpredictable

82
00:04:24,480 --> 00:04:25,839
Speaker 5: and a threat to their family.

83
00:04:25,920 --> 00:04:29,600
Speaker 1: That is Portland Mayor Marke Dion. The season's largest winter

84
00:04:29,680 --> 00:04:33,159
Speaker 1: storm will bring record breaking cold starting on Friday, and

85
00:04:33,240 --> 00:04:36,640
Speaker 1: this storm is forecast to travel across Texas before going

86
00:04:36,720 --> 00:04:39,760
Speaker 1: up the East Coast to New York and Boston. Here

87
00:04:39,880 --> 00:04:42,039
Speaker 1: is Bloomberg meteorologist Craig Allen.

88
00:04:42,520 --> 00:04:45,039
Speaker 6: You've got this storm that is going to be affecting

89
00:04:45,920 --> 00:04:52,240
Speaker 6: probably two dozen states at least down here across the US.

90
00:04:52,400 --> 00:04:55,600
Speaker 6: And it's quite possible that hundreds of millions, two hundred

91
00:04:56,040 --> 00:04:59,000
Speaker 6: million people are going to be affected by this storm.

92
00:04:59,120 --> 00:05:01,880
Speaker 1: That is Bloomberg Media urologist Craig Allen. Now, the storm

93
00:05:01,960 --> 00:05:04,799
Speaker 1: is forecast to bring snow and ice through the South

94
00:05:04,920 --> 00:05:08,440
Speaker 1: and mid Atlantic, and it raises the risk of widespread

95
00:05:08,480 --> 00:05:12,280
Speaker 1: outages of power and disruption of air travel across the

96
00:05:12,400 --> 00:05:15,039
Speaker 1: United States. And that is news when you want it

97
00:05:15,080 --> 00:05:17,960
Speaker 1: with Bloomberg News. Now, I'm Doug Prisoner, and this is

98
00:05:18,000 --> 00:05:18,520
Speaker 1: Bloomberg