WEBVTT - Trump Hails Greenland 'Framework', Tariff Concerns Ease, More 

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>Doug Prisner. President Trump will refrain from imposing tariffs on

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<v Speaker 1>goods from those European nations opposed to his efforts to

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<v Speaker 1>take possession of Greenland. Today, in a post on truth

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<v Speaker 1>Social Trump cited the framework of a future deal reached

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<v Speaker 1>with NATO Now. The post followed a meeting with NATO

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<v Speaker 1>Secretary General Mark Ruta at the World Economic Forum in Davos. Afterwards,

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<v Speaker 1>Trump spoke with reporters.

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<v Speaker 2>It's a long pridea. It's the ultimate long term U.

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<v Speaker 3>I think it puts everybody in a really good position,

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<v Speaker 3>especially as it pertains to security and minerals.

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<v Speaker 4>Now.

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<v Speaker 1>The New York Times is reporting the discussions on a

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<v Speaker 1>framework included a compromise in which Denmark would give the

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<v Speaker 1>US sovereignty over small pockets of the territory's land for

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<v Speaker 1>construction of military basis.

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<v Speaker 2>Now.

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<v Speaker 1>Trump's remarks on Greenland sparked a rally in stocks, bonds,

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<v Speaker 1>and the dollar. Small cap shares outperformed, with the Russell

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<v Speaker 1>twand and jumping two percent. The S and P five

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<v Speaker 1>hundred picked up nearly one point two percent today, wiping

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<v Speaker 1>out its drop for all of this year. We got

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<v Speaker 1>reaction from Allison McCartney. She is managing director for wealth

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<v Speaker 1>Management at UBS Financial Services.

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<v Speaker 2>There seems to be or markets are telling us that

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<v Speaker 2>this was a lot of noise. We happen to be

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<v Speaker 2>doing this, I think nicely in an earning season which

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<v Speaker 2>is going extremely well and underpinning the fact that this

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<v Speaker 2>bull market that began in late twenty twenty two, the

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<v Speaker 2>things that are motivating it and sustaining it have not

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<v Speaker 2>changed in the last forty eight hours.

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<v Speaker 1>Allison McCartney from UBS Alignment Partners. The Supreme Court seems

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<v Speaker 1>wary of President Trump's effort to fire FED Governor Lisa

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<v Speaker 1>Cook over unproven allegations of mortgage fraud. More from Bloomberg's

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<v Speaker 1>Amy Morris.

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<v Speaker 4>In Washington, so li's Senor General John Souer argues that

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<v Speaker 4>Cook isn't fit to serve the American people should not

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<v Speaker 4>have their interest rates determined by someone who was at

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<v Speaker 4>best grossly negligent and obtaining favorable interest rates for herself.

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<v Speaker 4>But those allegations are unproven, and the justices seem to

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<v Speaker 4>acknowledge that firing Cook could up end the Fed's independence.

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<v Speaker 4>Justice Brent Kavanaugh expressed skepticism of there being no judicial

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<v Speaker 4>review of the actions of the president.

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<v Speaker 3>Very low bar for cause that the president alone determines,

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<v Speaker 3>and that would weaken, if not shatter, the independence of

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<v Speaker 3>the Federal Reserve.

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<v Speaker 4>FED Governor Cook released a statement saying that as long

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<v Speaker 4>as she serves at the Federal Reserve, she will uphold

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<v Speaker 4>the principle of political independence. In Washington, Amy Morris Bloomberg Radio.

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<v Speaker 1>The notion of FED independence was brought up repeatedly by

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<v Speaker 1>all parties during oral arguments in the Lisa Cook case.

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<v Speaker 1>But for Kevin Hasset, the director of the National Economic Council,

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<v Speaker 1>the FED crossed the line of being independent when Cher

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<v Speaker 1>Powell warned about the impact of President Trump's tariffs.

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<v Speaker 3>For sure, you want to talk about inflation, but precisely then,

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<v Speaker 3>right with President Trump's coming in and settigus tariff agenda,

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<v Speaker 3>to have the FED criticize him, I think is inconsistent

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<v Speaker 3>with the desire for independence.

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<v Speaker 1>Kevin Hassett, speaking there to Bloomberg on the sidelines of

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<v Speaker 1>the World Economic Forum in Davos, Switzerland. We go to

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<v Speaker 1>Texas next, where a jury has acquitted a former Uvaldi

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<v Speaker 1>School's police officer, Adrian Gonzalez had been charged with failing

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<v Speaker 1>in his duty to confront a gunman during an attack

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<v Speaker 1>at rob Elementary in twenty twenty two. Here is his

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<v Speaker 1>defense attorney, Jason Goss speaking after the verdict.

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<v Speaker 4>There was a narrative out there, and frankly, with all

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<v Speaker 4>due respect, there was a false narrative out there, and

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<v Speaker 4>so the true monster in the situation was lost.

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<v Speaker 2>And then it was all directed at Adrian, and so

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<v Speaker 2>that was an uphill battle from day one.

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<v Speaker 1>The verdict came after about seven hours of deliberations following

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<v Speaker 1>a three week trial. The Trump administration has won a

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<v Speaker 1>temporary reprieve and a lawsuit over ICE tactics in Minnesota. Today,

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<v Speaker 1>a US appeals court put on hold an order from

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<v Speaker 1>a lower court that had restricted officers from interfering with

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<v Speaker 1>protesters in the state. Meantime, in Maine, ICE has launched

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<v Speaker 1>an operation targeting people in the state with a significant

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<v Speaker 1>Somali population. Local officials and residents have reported an increased

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<v Speaker 1>presence of ICE agents. Here is Portland Mayor Mark Dion.

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<v Speaker 5>I want to respond to the fact that our communities

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<v Speaker 5>feel anxious and fearful. They see this action as unpredictable

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<v Speaker 5>and a threat to their family.

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<v Speaker 1>That is Portland Mayor Marke Dion. The season's largest winter

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<v Speaker 1>storm will bring record breaking cold starting on Friday, and

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<v Speaker 1>this storm is forecast to travel across Texas before going

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<v Speaker 1>up the East Coast to New York and Boston. Here

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<v Speaker 1>is Bloomberg meteorologist Craig Allen.

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<v Speaker 6>You've got this storm that is going to be affecting

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<v Speaker 6>probably two dozen states at least down here across the US.

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<v Speaker 6>And it's quite possible that hundreds of millions, two hundred

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<v Speaker 6>million people are going to be affected by this storm.

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<v Speaker 1>That is Bloomberg Media urologist Craig Allen. Now, the storm

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<v Speaker 1>is forecast to bring snow and ice through the South

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<v Speaker 1>and mid Atlantic, and it raises the risk of widespread

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<v Speaker 1>outages of power and disruption of air travel across the

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<v Speaker 1>United States. And that is news when you want it

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<v Speaker 1>with Bloomberg News. Now, I'm Doug Prisoner, and this is

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<v Speaker 1>Bloomberg