Bloomberg Daybreak: Europe Edition Trump Doubts EU Threats, 'Sell America’ Hits Stocks, Musk Vs Ryanair
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Jan 21, 2026 Oliver Crook, Chief Europe Correspondent for Bloomberg, shares keen insights into the geopolitical landscape. He discusses President Trump's contention that the EU will keep investing in the US despite tariff threats over Greenland. Crook highlights the European response, examining their strategic mix of diplomacy and strong rhetoric. He also analyzes the market's reaction to these tensions, noting how investors are urging the Trump administration for stabilization. Lastly, he addresses the escalating online feud between Elon Musk and Ryanair's CEO.
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Trump Downplays EU Retaliation Risk
- Donald Trump dismissed EU retaliation fears and said he doubted investment pacts would be affected.
- His Greenland tariff threats nevertheless dominated expectations for his Davos appearance and European responses.
Middle Powers Must Forge A New Order
- Mark Carney argued middle powers must unite to resist coercion and rebuild a new order.
- His Davos speech reframed cooperation as a proactive project rather than nostalgia for the old rules-based system.
Markets Send A Clear Political Signal
- Markets experienced a sharp sell-off tied to Greenland tensions and bond volatility, marking the worst session since April.
- JP Morgan's Bob Michele said the sell-off signals that markets expect the administration to back down or calm tensions.