Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Doug Prisner. President Trump will refrain from imposing tariffs on
Speaker 1: goods from those European nations opposed to his efforts to
Speaker 1: take possession of Greenland. Today, in a post on truth
Speaker 1: Social Trump cited the framework of a future deal reached
Speaker 1: with NATO Now. The post followed a meeting with NATO
Speaker 1: Secretary General Mark Ruta at the World Economic Forum in Davos. Afterwards,
Speaker 1: Trump spoke with reporters.
Speaker 2: It's a long pridea. It's the ultimate long term U.
Speaker 3: I think it puts everybody in a really good position,
Speaker 3: especially as it pertains to security and minerals.
Speaker 4: Now.
Speaker 1: The New York Times is reporting the discussions on a
Speaker 1: framework included a compromise in which Denmark would give the
Speaker 1: US sovereignty over small pockets of the territory's land for
Speaker 1: construction of military basis.
Speaker 2: Now.
Speaker 1: Trump's remarks on Greenland sparked a rally in stocks, bonds,
Speaker 1: and the dollar. Small cap shares outperformed, with the Russell
Speaker 1: twand and jumping two percent. The S and P five
Speaker 1: hundred picked up nearly one point two percent today, wiping
Speaker 1: out its drop for all of this year. We got
Speaker 1: reaction from Allison McCartney. She is managing director for wealth
Speaker 1: Management at UBS Financial Services.
Speaker 2: There seems to be or markets are telling us that
Speaker 2: this was a lot of noise. We happen to be
Speaker 2: doing this, I think nicely in an earning season which
Speaker 2: is going extremely well and underpinning the fact that this
Speaker 2: bull market that began in late twenty twenty two, the
Speaker 2: things that are motivating it and sustaining it have not
Speaker 2: changed in the last forty eight hours.
Speaker 1: Allison McCartney from UBS Alignment Partners. The Supreme Court seems
Speaker 1: wary of President Trump's effort to fire FED Governor Lisa
Speaker 1: Cook over unproven allegations of mortgage fraud. More from Bloomberg's
Speaker 1: Amy Morris.
Speaker 4: In Washington, so li's Senor General John Souer argues that
Speaker 4: Cook isn't fit to serve the American people should not
Speaker 4: have their interest rates determined by someone who was at
Speaker 4: best grossly negligent and obtaining favorable interest rates for herself.
Speaker 4: But those allegations are unproven, and the justices seem to
Speaker 4: acknowledge that firing Cook could up end the Fed's independence.
Speaker 4: Justice Brent Kavanaugh expressed skepticism of there being no judicial
Speaker 4: review of the actions of the president.
Speaker 3: Very low bar for cause that the president alone determines,
Speaker 3: and that would weaken, if not shatter, the independence of
Speaker 3: the Federal Reserve.
Speaker 4: FED Governor Cook released a statement saying that as long
Speaker 4: as she serves at the Federal Reserve, she will uphold
Speaker 4: the principle of political independence. In Washington, Amy Morris Bloomberg Radio.
Speaker 1: The notion of FED independence was brought up repeatedly by
Speaker 1: all parties during oral arguments in the Lisa Cook case.
Speaker 1: But for Kevin Hasset, the director of the National Economic Council,
Speaker 1: the FED crossed the line of being independent when Cher
Speaker 1: Powell warned about the impact of President Trump's tariffs.
Speaker 3: For sure, you want to talk about inflation, but precisely then,
Speaker 3: right with President Trump's coming in and settigus tariff agenda,
Speaker 3: to have the FED criticize him, I think is inconsistent
Speaker 3: with the desire for independence.
Speaker 1: Kevin Hassett, speaking there to Bloomberg on the sidelines of
Speaker 1: the World Economic Forum in Davos, Switzerland. We go to
Speaker 1: Texas next, where a jury has acquitted a former Uvaldi
Speaker 1: School's police officer, Adrian Gonzalez had been charged with failing
Speaker 1: in his duty to confront a gunman during an attack
Speaker 1: at rob Elementary in twenty twenty two. Here is his
Speaker 1: defense attorney, Jason Goss speaking after the verdict.
Speaker 4: There was a narrative out there, and frankly, with all
Speaker 4: due respect, there was a false narrative out there, and
Speaker 4: so the true monster in the situation was lost.
Speaker 2: And then it was all directed at Adrian, and so
Speaker 2: that was an uphill battle from day one.
Speaker 1: The verdict came after about seven hours of deliberations following
Speaker 1: a three week trial. The Trump administration has won a
Speaker 1: temporary reprieve and a lawsuit over ICE tactics in Minnesota. Today,
Speaker 1: a US appeals court put on hold an order from
Speaker 1: a lower court that had restricted officers from interfering with
Speaker 1: protesters in the state. Meantime, in Maine, ICE has launched
Speaker 1: an operation targeting people in the state with a significant
Speaker 1: Somali population. Local officials and residents have reported an increased
Speaker 1: presence of ICE agents. Here is Portland Mayor Mark Dion.
Speaker 5: I want to respond to the fact that our communities
Speaker 5: feel anxious and fearful. They see this action as unpredictable
Speaker 5: and a threat to their family.
Speaker 1: That is Portland Mayor Marke Dion. The season's largest winter
Speaker 1: storm will bring record breaking cold starting on Friday, and
Speaker 1: this storm is forecast to travel across Texas before going
Speaker 1: up the East Coast to New York and Boston. Here
Speaker 1: is Bloomberg meteorologist Craig Allen.
Speaker 6: You've got this storm that is going to be affecting
Speaker 6: probably two dozen states at least down here across the US.
Speaker 6: And it's quite possible that hundreds of millions, two hundred
Speaker 6: million people are going to be affected by this storm.
Speaker 1: That is Bloomberg Media urologist Craig Allen. Now, the storm
Speaker 1: is forecast to bring snow and ice through the South
Speaker 1: and mid Atlantic, and it raises the risk of widespread
Speaker 1: outages of power and disruption of air travel across the
Speaker 1: United States. And that is news when you want it
Speaker 1: with Bloomberg News. Now, I'm Doug Prisoner, and this is
Speaker 1: Bloomberg