Episode summary
Germany Leads Military Buildup in Greenland in Response to Trump | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 37 min · Hosts: Carol Massar, Tim Stenovec · Guests: Ed Price, Matt Hornbach, Karin Kimbrough, Michael Townsend
Summary
The show centered on how the Trump administration is forcing markets, allies, and policymakers to reassess U.S. power, from tariffs and the Fed to Venezuela and Greenland. A guest argued that the West is moving onto a more overt war footing, using hard power and strategic pressure because it believes it has already lost an information war and can no longer rely on open-economy tools alone.
The discussion of Greenland focused on Europe’s response to U.S. pressure, with Germany leading a military buildup and the guest calling any American move there destructive because it would rupture ties with the EU. On Iran and Venezuela, the guest said U.S. hard power can work tactically, but that it raises longer-term risks for trust, Treasury financing, and escalation if Russia or China respond more directly.
Later segments shifted to the Supreme Court’s delay on Trump’s tariff case, with a Morgan Stanley strategist saying a middle-ground ruling is more likely than a full win or loss for the administration. He said the White House still has other tariff authorities and that any refund process could be messy and slow. A LinkedIn economist then described a labor market that is still sluggish but holding up, with hiring slightly better, job seekers facing more competition, and AI and trades reshaping where opportunity is forming.
Key takeaways
- A guest said the West is reconfiguring to a war footing, relying more on hard power because it believes it has lost an information war.
- On Greenland, the guest said the U.S. should do nothing, warning that intervention would rupture the alliance with the EU.
- A Morgan Stanley strategist said the Supreme Court is more likely to land in a gray area on tariffs than in a black-and-white ruling.
- The strategist said the administration still has backup tariff tools, including bilateral deals and sections 232, 301 and 122.
- A LinkedIn economist said hiring rose 6% in the latest month, but job seekers still face roughly twice as many applicants per open role as 3 or 4 years ago.
Notable quotes
“the president is right to think whatever he would like to think. In the end, it it depends on the group of individuals who are tasked with setting the, you know, law of the land”
“there's lots of different ways this could play out. And one of the ways is that the Supreme Court could encourage the administration to gain the approval of the Congress”
“We're seeing a lot more people get into content creation. There are four million people on our platform right now doing content creation”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. This is Bloomberg Business Week Daily, reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens. The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenbec on Bloomberg Radio.
Carol got this story on our radar on our uh editorial call this morning. Couldn't stop talking about this. — Yeah. — Authoritarian regimes that previously benefited from close ties to the Kremlin have found Russian support lacking when it mattered most.
Yeah. Let's go through some of the bullet points. Venezuela's officials think their security relationship with Moscow was a paper tiger, citing the failure of Cuban and Russian intelligent uh intelligence agencies to help protect uh Nicholas Maduro.
And then the consequence is a breakdown in trust with security partnerships between Venezuela, Cuba, and Russia with Maduro's successor Deli Rodriguez now having little option but to accept American offers of cooperation. So just curious about what's going on here and it feels like Russia may be being pushed in a corner or maybe separated from some of the folks that it was uh you know had alliances with.
We knew it was time to get Ed Price back on the program. He's non-resident senior fellow at NYU. He's also a former British trade official.
He joins us here in the Bloomberg Interactive Brokers Studio. Did did what happened in Venezuela in the aftermath show that the security relationships that Venezuela thought it had with Russia and China were not effective at all? Or was it the fact that this was the US firepower and there's nobody that compete compete with that?
What's the difference? Right?
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- greenland military buildup
- supreme court tariff ruling
- ieepa tariffs
- ai labor market
- retail and ppi reports
Companies and tickers mentioned
- MS
- MSFT
- SCHW
- New York University
- Morgan Stanley
- Charles Schwab
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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