|  | Nasdaq | 23,515.39 | |
| | S&P | 6,940.01 | |
| | Dow | 49,359.33 | |
| | 10-Year | 4.231% | |
| | Bitcoin | $92,628.98 | |
|  | Netflix | $88.00 | |
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*Stock data as of market close, cryptocurrency data as of 12:00am ET. Here's what these numbers mean. | - Markets: US stock and bond markets are closed today, so investors will have to wait until tomorrow to see how Wall Street reacts to President Donald Trump's weekend social media post unveiling new Greenland-related tariffs (more on that below) and a potential lawsuit against JPMorgan Chase as earnings season continues.
- Stock spotlight: Post-Stranger Things Netflix reports earnings tomorrow, and investors will be tuned into any mention of the proposed deal to buy Warner Bros. Discovery.
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ECONOMY President Trump's latest rhetoric on Greenland may lead the European Union to use its economic "bazooka" for the first time ever. At the very least, it risks reopening the trade war with Europe. What happened: In a lengthy Saturday morning post to Truth Social, Trump hammered home his plan to acquire Greenland, the self-governing island territory under the jurisdiction of NATO ally Denmark…and announced a 10% tariff on eight European countries set to begin on February 1: - Trump insisted the acquisition would be necessary for "Security Programs having to do with 'The Dome,'" including "the possible protection of Canada."
- He reiterated that Greenland has only "two dogsleds as protection, one added recently."
- He cast aspersions on European allies, writing, "On top of everything else, Denmark, Norway, Sweden, France, Germany, The United Kingdom, The Netherlands, and Finland have journeyed to Greenland, for purposes unknown."
There's the rub Those eight countries named are the ones that Trump threatened with the new levy, and they all sent troops to Greenland last week to train with Denmark's Joint Arctic Command. Yesterday, the targeted nations issued a joint response, which said in part that tariff threats "undermine transatlantic relations and risk a dangerous downward spiral." And the EU is putting the ratification of the tariff deal it struck with the US last year on hold. What next? All the targeted countries are NATO members, and all but the UK and Norway are members of the European Union. The EU is considering up to $108 billion worth of retaliatory tariffs, according to the Financial Times. Additionally, it might use a financial "anti-coercion instrument" it implemented in 2023 to ward off meddling by non-bloc countries, which could have economic ramifications so great that it's earned the "bazooka" moniker. Zoom out: Europe said it would "continue to stand united and coordinated." Experts say that the countries don't want to escalate the situation, but it's unclear how they can avoid it without capitulating. NATO Secretary-General Mark Rutte said he spoke with Trump yesterday, adding, "We will continue working on this, and I look forward to seeing him in Davos later this week."—HVL | | |
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WORLD  At least 21 killed in Spain in high-speed train collision. The end of a passenger train traveling from Malaga to Madrid went off the rails near Córdoba on Sunday night, striking a train traveling in the opposite direction that had 200 passengers aboard. The latter train took the brunt of the impact. Spain's transport minister confirmed last night that all survivors had been removed from the wreckage, but more victims might yet be found. The Associated Press reported that 75 injured passengers were taken to a local hospital, including 15 in critical condition. The train that jumped the track was about four years old, and the accident occurred on a flat piece of ground and track that had been renovated in May, leading the transport minister to call the tragedy "truly strange."
 Draft of plan for Gaza Board of Peace floats $1b membership. Bloomberg first reported on Saturday night that a draft charter from the Trump administration for the proposed Board of Peace for Gaza would create a board where member states each serve a three-year term, but could pay $1 billion within the group's first year for a permanent seat. CNBC reported that the document said the group would "rebuild all of Gaza," and that "virtually every dollar" raised would be spent to fulfill its mission. The initiative would be part of the broader Trump-led Board of Peace, which named an executive board for Gaza on Friday. On Saturday, Israeli Prime Minister Benjamin Netanyahu criticized the Trump administration for including a member from Turkey and another from Qatar. In response, an anonymous US official told Axios, "This is our show, not his show." The international board was established to oversee the Israel-Hamas ceasefire and endorsed by the United Nations Security Council in November 2025. Critics are concerned that the Trump administration might be creating an alternative to the United Nations, which the US owes $1.5 billion in mandatory contributions.
 On the heels of K-pop, "K-food" popularity grows around the world. The US and China, as well as emerging markets in Central Asia and the Middle East, cannot slurp up enough cheese-flavored spicy noods and other food exports from South Korea. CNBC reported that exports from the "K-Food+" category in Korea reached a record $13.6 billion in 2025, with instant noodles jumping nearly 22% in 2025 to $1.52 billion, making it the first category to cross the 10-digit mark. Brands are thrilled with the golden opportunity, as population decline limits domestic growth prospects. Oh Jiwoo, an analyst at the brokerage CGS International, told the outlet that Americans looking to spend less on eating out, but still looking for something interesting to eat, are helping sales.—HVL
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SPORTS College football teams are proving you can get a lot more than chump change out of four quarters. Across the sport's top division, program valuations are up a whopping 46% since last year, with some teams worth more than $1.5 billion, the Wall Street Journal reported. So, why the big gains? Indiana University Columbus professor Ryan Brewer, who conducted the analysis, gave a lot of credit to NCAA rule changes that allowed players to transfer in and out of schools and permitted athletic departments to pay student-athletes up to $20.5 million per year, giving smaller programs some bait to lure talent away from bigger ponds. Brewer contends those changes foment parity, making games more fun to watch, attend, and bet on. Hoosier example: Indiana University's football team saw its valuation jump nearly 68% from last year, thanks to a stellar couple of seasons culminating in an appearance in tonight's national championship. Winning strategy? Billionaire Mark Cuban, an Indiana alumnus and donor, penned his first direct check to the athletic department in 2024, after the football team posted an unexpected 11–2 record. He has said that part of Indiana's success is head coach Curt Cignetti's commitment to "a well-rounded roster of players, rather than putting the money toward chasing after just a few high-profile recruits," as CNBC put it.—BC | | |
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CALENDAR President Trump goes to Davos: You don't have to own a private jet to attend the World Economic Forum in Davos, Switzerland, but it might make for a good icebreaker. Some of the world's richest and most powerful people are attending the annual meeting to push for global cooperation (and to make backroom deals). This year's theme is "The Spirit of Dialogue." Trump is set to speak at the Forum on Wednesday. He's expected to focus on housing affordability. All eyes on the Supreme Court: On Wednesday, the justices will hear oral arguments on whether President Trump followed the law when he attempted to fire Fed Governor Lisa Cook from the central bank's Board of Governors. Fed members can be fired "for cause," but the law doesn't expand on what that means. Trump claims Cook made false statements on mortgage applications, and that's cause enough. But she hasn't been charged with a crime and "vigorously contests" the allegations. The high court is also slated to issue opinions this week, meaning we could finally get a ruling on the legality of Trump's tariffs tomorrow morning. What's the state of the nation's inflation? The personal consumption expenditures price index (PCE) for November will be released on Thursday, as the Bureau of Economic Analysis works to catch up from government shutdown delays. The PCE is the Federal Reserve's preferred measure of inflation. Thursday will also bring revised Q3 GDP data and jobless claims numbers, offering up some more data for the Fed before its upcoming interest-rate decision next week. Analysts expect the central bank to keep interest rates right where they are. Everything else: - The Australian Open is in full swing, with tennis matches slated for every day this week.
- Netflix officially brings back Star Search with its live premiere tomorrow. Anthony Anderson hosts.
- United Airlines, 3M, and D.R. Horton report earnings tomorrow.
- Ryan Murphy's new show, The Beauty, starring Ashton Kutcher, premieres on FX and Hulu on Wednesday.
- Johnson & Johnson, Charles Schwab, and Truist deliver results on Wednesday.
- Oscar nominations will be announced on Thursday.
- Procter & Gamble, GE Aerospace, Abbott Laboratories, Intel, and Capital One report earnings on Thursday.
- At long last, the deal to spin off TikTok's US operations will close on Thursday.
- On Sunday, the NFL's New England Patriots will play the Denver Broncos in the AFC Conference Championship, and the Los Angeles Rams will play the Seattle Seahawks in the NFC Championship.
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STAT Finally, a side effect of a lackluster economy that might make people happy: Wedding parties are an average of 20% smaller now than they were in 2019, according to data from The Knot reported by Axios. Nowadays, you'll likely see parties of eight, with four people repping for each side. That's down from 10 total in 2019. Annie Joy Williams summed up the predicament of many bridesmaids when she explained in The Atlantic that a commitment that once took a couple of days has morphed into "an 18-month affair featuring four-day retreats in destination accommodations, $800 gowns, an unpaid part-time job monitoring group chats and Venmo requests, and multiple showers." Williams was writing from experience, saying she had been a bridesmaid every year for seven years in a row and paid nearly $20,000 for the privilege. Why make a good friend shell out that kind of cash when, in many places, your dog can do the job for much less cheddar?—HVL |
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NEWS - China said it hit its target of 5% GDP growth in 2025, after announcing last week that it achieved the world's largest-ever surplus last year.
- NASA's Artemis II rocket arrived safely to its launchpad at the Kennedy Space Center in Florida ahead of a crewed mission to the moon planned for early February.
- Micron, which makes memory chips for Nvidia and others, says the global market is in the midst of an "unprecedented" memory shortage driven by AI demand.
- Senegal won the Africa Cup of Nations, defeating host Morocco after extra time.
- Venus Williams, 45, became the oldest woman to play in the Australian Open singles main draw, but she lost to her opponent in the first round, Olga Danilović.
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PLAY Turntable: This week's puzzle has 51 words for you to find. Savor each one. Play Turntable here. MLK trivia On Martin Luther King Jr. Day, here are five trivia questions about the civil rights icon. - What state was MLK born in?
- MLK was the first president of the civil rights organization SCLC. What does it stand for?
- From which university did MLK earn his doctorate?
- In 1964, at age 35, he became the youngest person ever to do what?
- "Injustice anywhere is a threat to justice everywhere" is one of the most famous lines MLK wrote. Where did it appear?
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SHARE THE BREW  Share the Brew, watch your referral count climb, and unlock brag-worthy swag. Your friends get smarter. You get rewarded. Win-win. Your referral count: 0 Click to Share Or copy & paste your referral link to others:
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ANSWER - Georgia
- Southern Christian Leadership Conference
- Boston University
- Receive the Nobel Peace Prize (The current youngest winner of the Nobel Peace Prize is Malala Yousafzai, who won the award at age 17 in 2014.)
- It's in his "Letter from Birmingham Jail."
Word of the Day Today's Word of the Day is: foment, meaning "to promote." Thanks to Josh Henson from Norfolk, VA, for the rousing suggestion. Submit another Word of the Day here. |
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✤ A Note From Noom 1Based on retrospective study of self-reported data of active versus passive users who were offered the Noom program when being prescribed an early GLP-1. *Noom GLP-1Rx program involves healthy diet, exercise, and support. Individual results vary. Meds + personalization based on clinical need. Not reviewed by FDA for safety, efficacy, or quality. No affiliation with Novo Nordisk Inc., the only US source of FDA-approved semaglutide. Not available in all 50 US states. |
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