Trump Won’t Rule Out Military Force to Acquire Greenland | Daybreak Europe 1/7/2026

Watch on YouTube ↗  |  January 07, 2026 at 07:44  |  46:33  |  Bloomberg Markets
Speakers
Aneeka Gupta — Reporter, Financial Times
Valerie Tytel — Reporter, Bloomberg
Jensen Huang — CEO, NVIDIA
Roland Busch — President and CEO, Siemens
Natasha Lindstaedt — Professor, University of Essex
Greg Sullivan — Russia Economy and Government Editor, Bloomberg

Summary

Bloomberg Daybreak Europe leads with geopolitics: the White House refuses to rule out military force to acquire Greenland, Trump says Venezuela will send up to 50 million barrels of oil to the U.S., and Ukraine allies report progress on security guarantees. Market coverage highlights a pullback in Asian stocks, strength in memory chips on AI storage demand, and CES news from NVIDIA and Siemens. WisdomTree's Aneeka Gupta discusses how investors can position around Venezuela, defense, oil, the dollar, and emerging-market tech.

  • White House will not rule out military force to acquire Greenland; European allies and Denmark push back.
  • Trump says Venezuela will send up to 50 million barrels of oil to the U.S., worth about $2.8 billion, weighing on crude.
  • Ukraine allies hail progress on security guarantees and a possible multinational force, but Russian redlines remain.
  • Asian equities pull back after a strong start; Japan-China tensions hit Japanese carmakers while rare-earth names gain.
  • CES: NVIDIA and Siemens expand their AI partnership; NVIDIA highlights new chips and AI-factory demand.
  • Memory-chip names rally on AI storage demand and shortage concerns; Samsung warns of industrywide memory price hikes.
  • Aneeka Gupta sees U.S. integrated energy and defense as positioning areas, a softer dollar in 2026, and long-term downside pressure on oil.
  • Market focus also includes upcoming U.S. inflation data and a potential Supreme Court tariff ruling.
Ideas
Valerie Tytel Reporter, Bloomberg 8:35
Memory chips rally on AI storage demand.
Valerie says memory chips were among the best performers of 2025 and are continuing strongly. She attributes the move to Jensen Huang's comments that the memory market is underserved and AI storage needs will be gigantic, which is pressuring a storage market already facing shortage concerns. Samsung is also announcing price hikes for storage data.
DRAM HIGH
Jensen Huang CEO, NVIDIA 18:02
NVIDIA AI demand remains strong.
Jensen is positive on NVIDIA's AI demand outlook, saying the company announced six new chips for an integrated AI system that are much more energy efficient, and that its expanded Siemens partnership will accelerate EDA/simulation and integrate AI into industrial systems. The partnership and AI-factory use cases support continued demand for NVIDIA's AI chips.
NVDA MED
Roland Busch President and CEO, Siemens 20:27
Siemens AI partnership boosts industrial edge.
Roland highlights the expanded NVIDIA partnership, saying AI will have real-world impact on the edge and huge potential for Siemens customers as the technology moves into controllers, GPUs, and industrial PCs, allowing algorithms to run between the shop floor and optimization systems. The first fully AI-driven manufacturing sites are planned this year.
SIEMENS MED
Aneeka Gupta Reporter, Financial Times 35:53
U.S. integrated energy companies benefit.
Following Venezuela's regime change, Aneeka sees oil and commodity markets as a key transmission channel. She says U.S. large-cap integrated energy companies stand to benefit from the situation, and high-dividend U.S. portfolios with more meaningful energy and industrial allocations have been performing better since the geopolitical event.
XLE VYM XLI MED
Aneeka Gupta Reporter, Financial Times 36:20
European defense budgets support contractors.
Aneeka says defense is another interesting way to position. The geopolitical backdrop reinforces European governments' conviction to stick to long-term budgets and meet NATO's new 5% GDP defense target, which is positive for European defense contractors.
ITA European defense sector HIGH
Aneeka Gupta Reporter, Financial Times 37:12
Oil faces structural downside over time.
Aneeka expects the Venezuela oil-supply story to be a medium-to-long-term play. There is already ample oil supply in 2026, and if U.S. companies are eventually allowed to invest in Venezuela's roughly 300 billion barrels of reserves and output rises while demand stays subdued, prices could face structural downward pressure over time. Near term, energy markets face more volatility.
WTI MED
Aneeka Gupta Reporter, Financial Times 38:24
Dollar likely weaker in 2026.
Aneeka's baseline for 2026 is a softer dollar, though not as deep a depreciation as in 2025, because of expected Fed easing, a weaker labor market, and U.S. fiscal strain. She notes a major geopolitical safe-haven event, such as a Greenland seizure, could temporarily strengthen the dollar.
UUP MED
Aneeka Gupta Reporter, Financial Times 39:26
EM tech exposure hard to avoid.
Aneeka says 2025 was a fantastic year for emerging markets, and within EM the tech players in Korea and Taiwan dominated, with China and Taiwan as key dominant players; it was not an India-outperformance story. Even with rising geopolitical risks and investors hedging through defense, she argues it would be difficult to take those chips off the table and not invest in Korea, Taiwan, or China while trying to maintain dominance in the high-bandwidth market.
Korea technology sector Taiwan technology sector CQQQ MED
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This Bloomberg Markets video, published January 07, 2026, features Valerie Tytel, Jensen Huang, Roland Busch, Aneeka Gupta discussing DRAM, NVDA, SIEMENS, XLE, VYM, XLI, ITA, European defense sector, WTI, UUP, Korea technology sector, Taiwan technology sector, CQQQ. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Valerie Tytel, Jensen Huang, Roland Busch, Aneeka Gupta  · Tickers: DRAM, NVDA, SIEMENS, XLE, VYM, XLI, ITA, European defense sector, WTI, UUP, Korea technology sector, Taiwan technology sector, CQQQ