Trump doubles down on Greenland demand
Digest more
Trump, Greenland
Digest more
Denmark deploys additional troops to Greenland after President Donald Trump claims the island is not secure from Russia or China.
Stocks tumbled in early trading on Tuesday as President Donald Trump threatened tariffs on multiple European countries as part of a push for U.S. control of Greenland. The Dow Jones Industrial Average fell 735 points, or 1.4%, while the S & P 500 declined 1.5%. The tech-heavy Nasdaq dropped 1.8%.
The "Sell America" trade compelled investors to dump U.S. stocks and bonds, while gold and silver, both safe haven assets, hit new highs.
While the party remains split as President Trump presses to “take” Greenland, some in his party are publicly embracing his reasoning for wanting to control the territory.
Gold prices were boosted to a record high above $4,800 per ounce on Wednesday, as investors looked to the metal as a safe haven after a broad selloff in U.S. assets on heightened tensions between the U.
President Donald Trump is dead set on acquiring Greenland, and while national security is the stated reason, the country’s untapped mineral wealth could offer another explanation. Today on the show: is Greenland really an untapped land of riches?
In a news briefing at the World Economic Forum, Treasury Secretary Scott Bessent told people to “sit back, take a deep breath and let things play out” as President Trump’s latest tariff threats against European nations over Greenland dominated conversations in Davos, Switzerland.
The heads of state of all 27 European Union nations will meet for an "extraordinary meeting" later this week, European council president Antonio Costa said on Sunday.