Bloomberg News Now: Greenland Diplomacy, EU Trade, Supreme Court Rulings, and Social Media Bills

Greenland Diplomacy and US Relations

• 🇺🇸 House Speaker Mike Johnson affirmed the importance of Greenland to the US but indicated that diplomatic channels are the preferred approach over military intervention, despite past threats.
• 🇪🇺 European lawmakers have urged a halt to a US-EU trade truce, with discussions focusing on the EU's anti-coercion instrument.

Supreme Court and Federal Appointments

• ⚖️ The Supreme Court is expected to rule on Trump's emergency tariffs, with investors awaiting a decision this Tuesday.
• 🏛️ Oral arguments are scheduled for Wednesday regarding the president's authority to fire Fed Governor Lisa Cook, a move former Fed Chair Janet Yellen warned could be devastating to democracy.
• 📈 BlackRock CEO Rick Rieder is reportedly a strong candidate for the next Fed chair, with interviews with the president having gone well.

Global Economic and Geopolitical Agenda

• 🇨🇭 President Trump is set to address the World Economic Forum in Davos, planning to announce a proposal for savers to use 401k funds for home down payments.
• ⚽ The Trump administration will permit foreign athletes for events like the World Cup and Olympics to travel to the US, despite a visa ban on many countries, though foreign fans remain banned.

Public Health and Social Media Legislation

• 📈 The CDC has flagged surging flu and measles cases, with last year marking the highest number of measles cases in the US since the early nineties, predominantly in unvaccinated children and teens.
• 📱 The Kids Off Social Media Act (KOSMA) aims to ban children under 13 from social media, but faces concerns regarding free speech and privacy; an alternative proposal focuses on preventing harm to minors.