Trump Backs Off Greenland Tariffs, Citing ‘Framework’ Deal | Bloomberg Businessweek Daily 1/21/2026

Summary

Bloomberg Businessweek Daily covers President Trump's Davos speech and the market whipsaw around Greenland, tariffs, and a NATO framework deal. Guests discuss the implications for U.S.-Europe relations, NATO, Fed independence, and Charles Schwab's earnings. Markets rallied as tariff threats were pulled back, while Netflix fell on earnings and United Airlines rose on a positive outlook.

• Trump spoke in Davos, pressed for Greenland acquisition, then said he would refrain from tariffs and cited a NATO framework deal.
• European officials postponed a trade deal ratification vote as transatlantic tensions rose.
• Marc Champion and Jennifer Welch discussed NATO strain, European disunity, and possible economic costs for U.S. tech.
• Rick Wurster of Charles Schwab reported record quarterly results, strong client asset growth, and discussed prediction markets and alternatives.
• Michael McKee discussed Fed chair succession, Fed independence, and the TACO trade in markets.
• Alexandra Semenova said the equity rally was broadening and a buying opportunity; she noted Netflix weakness and United Airlines strength.
• Apple was noted to be revamping Siri into an AI chatbot, and market flashes showed gold at a record high.