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<v Speaker 1>And hello, how are you happy? Wednesday? Today?

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<v Speaker 2>It's the twenty first day of January, year of Our

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<v Speaker 2>Lord twenty twenty six monument Tom Sullivan. And I'm not

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<v Speaker 2>quite sure how to put this together. If we do

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<v Speaker 2>it in chronological order, We're starting with this morning. I'm

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<v Speaker 2>working our way through the day. But the news about Greenland,

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<v Speaker 2>the big Davos meeting is going. Like I said, usually

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<v Speaker 2>Davos is a big board. It's a playground for a

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<v Speaker 2>bunch of CEOs and so forth and political leaders and

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<v Speaker 2>they go to Davos and they.

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<v Speaker 1>But this time.

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<v Speaker 2>It's all shaken up. It's all shaken up by President

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<v Speaker 2>Trump wanting to get Greenland and NATO and Europe, and

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<v Speaker 2>everybody is mad at each other and they're all in this.

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<v Speaker 2>They're all coming together in Davos. And well, it started

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<v Speaker 2>off one direction, and the President gave a speech this morning.

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<v Speaker 2>By the way, on the way to Europe last night

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<v Speaker 2>he left Andrews Air Force Base on the Air Force one,

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<v Speaker 2>the seven forty seven, and it had electrical problems and

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<v Speaker 2>apparently the plane went dark on their way, so the

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<v Speaker 2>pilots turned it around brought it back. President was late,

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<v Speaker 2>but he got on the backup plane and wound up

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<v Speaker 2>in Davos a little bit late this morning. But so

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<v Speaker 2>he gets there and the first thing he's got to

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<v Speaker 2>do is they's scheduled to give a speech to the

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<v Speaker 2>assembled leaders and a lot of them are European leaders

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<v Speaker 2>and NATO leaders and members of NATO. And while the president,

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<v Speaker 2>somebody talked to him and he backed off immediately in

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<v Speaker 2>this speech right out of the gate about he's not

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<v Speaker 2>thinking about using military force.

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<v Speaker 3>People thought I would use force. I don't have to

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<v Speaker 3>use force. I don't want to use force. I won't

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<v Speaker 3>use force.

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<v Speaker 4>All we're asking for is to get greenland, including right title.

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<v Speaker 3>And ownership, because you need the ownership to defend it.

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<v Speaker 3>You can't defend it on a lease number one legally

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<v Speaker 3>is not defensible that way.

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<v Speaker 2>So everybody was signed a little bit of relief from

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<v Speaker 2>Wall Street jumped up on the news that he said

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<v Speaker 2>I'm not going to use force. But he did go

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<v Speaker 2>through in his speech. It was about an hour and

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<v Speaker 2>a half long, and then he took some questions after that,

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<v Speaker 2>so it was quite a deal, but it looked like

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<v Speaker 2>he was looking for an off ramp to back off

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<v Speaker 2>of his I'm going to get Greenland no matter what.

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<v Speaker 2>And besides that, I mean, President can't do that, you know, latterly,

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<v Speaker 2>you've got to have Congress.

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<v Speaker 1>I mean, all the various things.

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<v Speaker 2>That we have bought over the years that we've always

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<v Speaker 2>had Congress involved in every single one of those. But

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<v Speaker 2>he went after, he went after Europe in general, calling

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<v Speaker 2>them basically insulting them. He did call out and was

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<v Speaker 2>they said later he was very rude. But Mark Carney,

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<v Speaker 2>the head of Canada, and Maccrone Emanuel Macrone, the head

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<v Speaker 2>of France, and he went after the Premier of Switzerland.

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<v Speaker 2>So he's a lot of our allies. And the reaction was,

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<v Speaker 2>even though he said I'm not going to use force,

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<v Speaker 2>there was a lot of shock in that room, a

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<v Speaker 2>lot of shock. So Rebecca Heinrich, who is a national

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<v Speaker 2>security analyst, weighed in with this.

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<v Speaker 5>President Trump goes back and forth between talking about how

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<v Speaker 5>he wants Europe to be strong and then criticizing, of course,

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<v Speaker 5>the Europeans for not spending enough on NATO, talking about

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<v Speaker 5>making that he has led NATO to get stronger, and

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<v Speaker 5>then criticizing the fact that Americans don't get much out

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<v Speaker 5>of NATO. And if I can pull those things together

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<v Speaker 5>in a way I think for our viewers that makes

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<v Speaker 5>a lot of sense, which is that NATO is great

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<v Speaker 5>for the United States when it's strong, because Europe is

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<v Speaker 5>still our largest trading partner. I think last year it

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<v Speaker 5>was something like Europe had one point six trillion dollars

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<v Speaker 5>of American imports and they invested half of foreign direct investments,

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<v Speaker 5>which means American jobs and prosperity here at home. So

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<v Speaker 5>President Trump is urging Europeans to stop, you know. He

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<v Speaker 5>criticized Germany under Merkel for getting rid of nuclear energy

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<v Speaker 5>and praised the current German Chancellor Mertz for moving away

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<v Speaker 5>from that again. And then, of course on Greenland, I

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<v Speaker 5>really appreciated President Trump disabusing anybody of this notion that

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<v Speaker 5>the United States would even consider military force against this

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<v Speaker 5>great ally of the United States, and he moved the

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<v Speaker 5>conversation back into the category of the United States needing

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<v Speaker 5>to strengthen the security of Greenland. For NATO, it's good

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<v Speaker 5>for the United States and Americans, and we have a

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<v Speaker 5>treaty that already allows us to expand our forces there,

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<v Speaker 5>and the Danes are willing to collaborate. So my hope,

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<v Speaker 5>based on the President's remarks today is that we're moving

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<v Speaker 5>back into more productive negotiations within the context of the

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<v Speaker 5>NATO alliance.

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<v Speaker 1>Well that's exactly what happened.

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<v Speaker 2>So as the day went on, the President had meetings

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<v Speaker 2>with a number of world leaders that were there, and

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<v Speaker 2>that everybody started talking about maybe some sort of negotiation.

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<v Speaker 2>Nathan Sales is a Farmer Ambassador at Large on counter

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<v Speaker 2>terrorism in the first Trump administration, and this is how

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<v Speaker 2>he saw what was going on.

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<v Speaker 6>Well, Harris, I think that's the big takeaway, and it's

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<v Speaker 6>an important message. Greenland is important to the United States

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<v Speaker 6>international security, but there's a question of ends and the

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<v Speaker 6>question of means, and we want to increase our presence there,

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<v Speaker 6>but we want to do that in a way that

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<v Speaker 6>doesn't needlessly antagonize our allies and doesn't cause major problems

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<v Speaker 6>long term for the United States. So I think it

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<v Speaker 6>was a welcome message for the President to take military

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<v Speaker 6>force off the table. I think what's going to happen

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<v Speaker 6>going forward. It's not clear that the Europeans are prepared

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<v Speaker 6>to negotiate over Greenland's future, So let's see what happens

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<v Speaker 6>in these side meetings in Davos. This matters to the

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<v Speaker 6>United States, but Europe gets a vote, Denmark gets a voute,

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<v Speaker 6>Greenland gets a vote. So let's stay tuned and see

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<v Speaker 6>how these talks.

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<v Speaker 1>And the talks went on.

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<v Speaker 2>Like we said earlier, a president went from meeting to

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<v Speaker 2>meeting to meeting with all these various heads of state.

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<v Speaker 2>So Nathan Sales says, yeah, negotiations was needed and it

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<v Speaker 2>could work out for the US down the road.

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<v Speaker 6>We have conducted transactions like this in the past that

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<v Speaker 6>have proven to be enormously beneficial to the United States

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<v Speaker 6>over the long run. And you know, William Seward, Secretary

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<v Speaker 6>of State, who orchestrated the purchase of Alaska from Russia,

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<v Speaker 6>also was very interested in trying to acquire Greenland around

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<v Speaker 6>the same time and ultimately was not successful in doing so.

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<v Speaker 6>But the key difference between those transactions and today it

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<v Speaker 6>takes two to tango. There has to be a party

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<v Speaker 6>on the other side of the table that's willing to say,

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<v Speaker 6>you know what, yes, we're prepared to sell this asset

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<v Speaker 6>to you in exchange for money. And right now Greenland

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<v Speaker 6>is saying no and Denmark is saying no. So if

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<v Speaker 6>they continue to say no, that doesn't mean that the

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<v Speaker 6>game is over. We still have opportunities to advance American

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<v Speaker 6>national security interests there in Greenland. We have great basing

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<v Speaker 6>rights under a nineteen fifties era treaty. We can increase

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<v Speaker 6>our military presence there, we can develop natural resources there,

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<v Speaker 6>we can sign deals to make sure that the Russians

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<v Speaker 6>and the Chinese never have access to Greenland. So if

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<v Speaker 6>we're not able to obtain Greenland through a commercial sale,

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<v Speaker 6>that may well be the case. Plan B has to

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<v Speaker 6>be boosing our presence there with one off agreements with

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<v Speaker 6>the Danes and with the Greenlanders for the benefit of

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<v Speaker 6>American national security and our economy.

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<v Speaker 2>Well, I think President Trump was surprised because of the

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<v Speaker 2>fact that he thought. I think he's used his technique

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<v Speaker 2>in the past. I guess in some cases it's failed,

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<v Speaker 2>but mostly he's been very successful with this kind of

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<v Speaker 2>tough approach. And the tough approach didn't work, and it

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<v Speaker 2>did not work. Like Nathan's sales said, Europe said no,

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<v Speaker 2>Denmark said no, Greenland said no, everybody said, NATO said no.

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<v Speaker 2>Everybody said no, We're not going to go with your idea.

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<v Speaker 2>We're not going to do it. So this is the president,

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<v Speaker 2>after sitting down and meeting with the head of NATO

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<v Speaker 2>who he gets along with you for everybody.

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<v Speaker 1>The title completely.

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<v Speaker 7>Now can the people of the UK rest assure the

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<v Speaker 7>deals comnation the fact that it looks like they have

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<v Speaker 7>the concept of it. It's a long term deal, it's

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<v Speaker 7>the ultimate long ternal I think it puts everybody at

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<v Speaker 7>a really good position, especially as they security and minerals.

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<v Speaker 1>Have you read the Look, how long would you deal

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<v Speaker 1>with mister president the.

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<v Speaker 3>Internet?

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<v Speaker 8>It just takes to Denmark to just speaks to Dunmark

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<v Speaker 8>or time.

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<v Speaker 1>Money.

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<v Speaker 6>Well, it's sign forever will there will there be the

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<v Speaker 6>deal anywhere?

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<v Speaker 2>Have Well kind of hard to hear because he was

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<v Speaker 2>in the lobby of a building and its echoing and

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<v Speaker 2>there were a lot of reporters asking questions. But he

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<v Speaker 2>came out of the meeting with the NATO head and

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<v Speaker 2>basically said we got a long term deal and involves minerals,

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<v Speaker 2>and so there was some sort of deal announced. Nicholas Burns,

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<v Speaker 2>who used to be an ambassador to NATO for the

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<v Speaker 2>United States, reacted this one.

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<v Speaker 8>Well, it sounds certainly better than yesterday's news. It sounds

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<v Speaker 8>a little bit promising. Mark Ruta, the NATO Secretary General,

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<v Speaker 8>has always had a way of working with President Trump,

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<v Speaker 8>and I think President Trump clearly respects him. We'll have

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<v Speaker 8>to see about this. The devil will be in the details.

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<v Speaker 8>But the obvious off ramp here is that Denmark and

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<v Speaker 8>the European Union are not going to permit the United

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<v Speaker 8>States just to take Greenland for a price. And so

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<v Speaker 8>if the deal here is that the United States can

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<v Speaker 8>and build up our military forces on Greenland, and there's

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<v Speaker 8>a nineteen fifty one agreement between the United States and

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<v Speaker 8>Denmark that prohibits it and excuse me, permits it and

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<v Speaker 8>welcomes it, that might be the off ramp. It won't

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<v Speaker 8>be Greenland being sold to the United States. It won't be,

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<v Speaker 8>as President Trump said this morning, by force of arms.

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<v Speaker 8>It will be a deal between among NATO members and

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<v Speaker 8>that's what should happen. I hope that's what this agreement means,

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<v Speaker 8>but we'll have to see more details before we can

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<v Speaker 8>be definitive about it.

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<v Speaker 2>Yeah, and those details are lacking. There was a post

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<v Speaker 2>to truth Social and it read as follows. It said,

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<v Speaker 2>based on a very productive meeting that I have had

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<v Speaker 2>with the Secretary General of NATO, Mark Rute, we have

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<v Speaker 2>formed the framework of a future deal with respect to

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<v Speaker 2>Greenland and in fact the entire Arctic region. This solution,

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<v Speaker 2>if consummated, will be a great one for the United

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<v Speaker 2>States and all NATO nations. Based on this understanding, I

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<v Speaker 2>will not be imposing the tariffs that were scheduled to

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<v Speaker 2>go into effect on February first. Additional discussions are being

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<v Speaker 2>held concerning the Golden Dome as it pertains to Greenland.

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<v Speaker 2>Further information will be made available as discussions progress. Vice

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<v Speaker 2>President Jed E. Vance, Secretary of State Marco Rubio, Special ENVOYE.

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<v Speaker 2>Deed Witkoff, and various others as needed, will be responsible

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<v Speaker 2>for the negotiations. They will report directly to me. Thank

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<v Speaker 2>you for your attention to this matter. So as you

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<v Speaker 2>can see, Wall Street popped about six seven hundred points

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<v Speaker 2>on the word that there are no tariffs going into

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<v Speaker 2>effect that he announced just a couple of days ago.

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<v Speaker 2>The problem with this is Ken Griffith, who's of the

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<v Speaker 2>wealthiest people in the country. He's a huge hedge fund guy.

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<v Speaker 2>He used to run it out of Chicago. He moved

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<v Speaker 2>the whole operation to Florida because of taxes and the

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<v Speaker 2>problems in Chicago. But he's at the Davos meeting, and

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<v Speaker 2>he was speaking to the audience earlier today and this

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<v Speaker 2>is what he said.

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<v Speaker 9>I think the biggest issue is no one's confident with

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<v Speaker 9>the US terror policy is going to be two years,

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<v Speaker 9>four years, six years, eight years from now. And before

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<v Speaker 9>you spend hundreds of millions of dollars or billions of

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<v Speaker 9>dollars to build a manufacturing plan, you really want to

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<v Speaker 9>believe that the policy that is the anchor of that

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<v Speaker 9>decision will be permanent in nature.

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<v Speaker 2>Yeah, this is driving people crazy. The business community is

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<v Speaker 2>absolutely pulling their hair out because Donald Trump's on again,

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<v Speaker 2>off again, on again, off again tariffs. Forget the whole

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<v Speaker 2>discussion about tariffs, just the fact that whatever they're going

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<v Speaker 2>to be, make them and keep them there for a

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<v Speaker 2>long for the future. This is President Trump before the

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<v Speaker 2>NATO meeting, in which he was still trying to find

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<v Speaker 2>out a way to take control of Greenland.

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<v Speaker 3>I'm seeking immediate negotiations to once again discuss the acquisition

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<v Speaker 3>of Greenland by the United States. If there is a war,

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<v Speaker 3>much of the action will take place on that piece

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<v Speaker 3>of ice. Think of it. Those missiles would be flying

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<v Speaker 3>right over the center of that piece of ice.

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<v Speaker 4>All we want from Denmark for national and international security

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<v Speaker 4>and to keep our very energetic and dangerous potential enemies

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<v Speaker 4>at bay. Is this land on which we're going to

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<v Speaker 4>build the greatest golden dome ever built.

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<v Speaker 2>So again, after the meeting with NATO, everything went completely

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<v Speaker 2>A one point eighty was, well, we have found a

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<v Speaker 2>framework work and JD. Bans and Marco Rubio and Steve

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<v Speaker 2>Whitcoff are going to be the ones negotiating this whole deal.

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<v Speaker 2>So the whole talk about war, the whole talk about

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<v Speaker 2>taking over Greenland went out the door right after the

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<v Speaker 2>NATO meetings. So it was quite a day starting off

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<v Speaker 2>with we're not you know, starting what he first arrived,

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<v Speaker 2>it was we were going to maybe use military force.

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<v Speaker 2>His speech was we're not going to use military force.

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<v Speaker 2>Then later in the day he says we might still

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<v Speaker 2>have it the war takes place, and then finally never mind,

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<v Speaker 2>we're going to have we've reached a framework. We're not

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<v Speaker 2>giving details, but we've reached a framework. So it was

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<v Speaker 2>it was a one no question about it as today

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<v Speaker 2>went on. So that was don was the President's there

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<v Speaker 2>again tomorrow, So just hold your hats on tight. I

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<v Speaker 2>have no idea what's going to happen tomorrow. You don't

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<v Speaker 2>know with him what he's going to do. Let's get

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<v Speaker 2>some phone calls in. We haven't done this for a while.

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<v Speaker 2>It's my fault. I apologize. The phone number if you

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<v Speaker 2>want to call, leave your comments good, bad, or indifferent.

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<v Speaker 2>The phone numbers eight five, five two nine, five sixty

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<v Speaker 2>six hundred eight five five two nine five sixty six hundred.

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<v Speaker 2>Find the number also if just go to my website

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<v Speaker 2>at Tom Sullivan dot com. So let's begin with Rumba

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<v Speaker 2>from Central Florida.

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<v Speaker 10>Hello, Tom, this is your irregular regular caller Rumba from

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<v Speaker 10>the Center of Florida. Happy New Year, and just the

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<v Speaker 10>thought on our president, since it's becoming real obvious that

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<v Speaker 10>I think we have a president who's now run by

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<v Speaker 10>his ego. His ego seems to be out of control.

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<v Speaker 10>I really think he gets up every morning and says,

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<v Speaker 10>what can I do? Now? They can get me onto

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<v Speaker 10>the news, the internet and the newspapers, and it is

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<v Speaker 10>becoming real obvious. Somebody pointed out, I don't know live

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<v Speaker 10>on your show, but he seems to be the new

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<v Speaker 10>PT Bono. He's a barker, and it's like I am

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<v Speaker 10>now the greatest show in Eric and he's just making

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<v Speaker 10>a case of an example. Some years ago Chase, Vava

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<v Speaker 10>and Capital One started closing his accounts. Well now he's

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<v Speaker 10>suing Chase and Capital One. And it's so interesting that

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<v Speaker 10>those three banks are three of the top ten credit

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<v Speaker 10>card issue with in America that he's going again. So

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<v Speaker 10>I think this is also he plays revenge. This is

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<v Speaker 10>his way of telling your banks, well, you mess with me,

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<v Speaker 10>and now I'm going to mess with you or else.

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<v Speaker 10>So anyway, I just found that really curious that that

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<v Speaker 10>seems to be the way this thing is. The whole

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<v Speaker 10>thing in Greenland is just awful. What's going on and

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<v Speaker 10>what he's trying to do and what he says. It's

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<v Speaker 10>just it's gotten obnoxious. But as you said, that's the

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<v Speaker 10>way he is. But I think his ego has just

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<v Speaker 10>run away and it's becoming really obvious to a lot

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<v Speaker 10>of us that this is something we're stuck with for

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<v Speaker 10>the eternity for now. So anyway, just a thoughts for today.

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<v Speaker 10>Glad to hear you're still out there on the podcast

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<v Speaker 10>every day. Be well, catch you later.

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<v Speaker 1>Well, thanks Rumba.

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<v Speaker 2>The only thing is you have to realize Donald Trump yes, yes,

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<v Speaker 2>his ego is huge. I mean, but that's he's always

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<v Speaker 2>been this way. This isn't something new. Some people are going, oh,

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<v Speaker 2>the old guy's going losing his mind. No, he's always

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<v Speaker 2>been this way. He loves to get the attention. I

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<v Speaker 2>mean the famous stories are what he would call New

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<v Speaker 2>York media and say that he was somebody else and

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<v Speaker 2>proclaim how great Donald Trump was. So no, that's that's

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<v Speaker 2>just who he is. Let's see, Eric, comrade is uh

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<v Speaker 2>as called let me let me play one of his calls.

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<v Speaker 11>The question about Greenland is who needs it more? Denmark

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<v Speaker 11>or United States? Obviously you can see those little countries

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<v Speaker 11>Denmark wanting that huge island in America. I mean, it's

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<v Speaker 11>unnecessary for that country from the security, even from economic

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<v Speaker 11>they don't develop it at all. So the United States

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<v Speaker 11>needed and Trump brought this inconvenient question, one of this.

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<v Speaker 11>He always brings inconvenient questions and people just like, oh man,

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<v Speaker 11>we don't want to think about it, we don't want

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<v Speaker 11>to answer this question. But these guys keep bringing them

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<v Speaker 11>and making people uncomfortab it's he's all. He's just trumped

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<v Speaker 11>them for sure.

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<v Speaker 2>Thank you, well, said Eric. And yes, the president is

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<v Speaker 2>not afraid to ask inconvenient questions, and it makes people

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<v Speaker 2>all nervous when when he does that. But he's done

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<v Speaker 2>that for a long time. Uh, Gino in Reno called

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<v Speaker 2>and it was really long and it timed out. I

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<v Speaker 2>don't know how long you can leave a message, but

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<v Speaker 2>I think it's just a couple of minutes.

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<v Speaker 1>So he called. He called back here here's Gino.

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<v Speaker 12>Hey, Tom, Gino and Reno. I got cut off. I

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<v Speaker 12>reached the maximum length of the comment line. A lot

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<v Speaker 12>to say it, It's been a while anyway, I just

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<v Speaker 12>want to end with I'm so delighted to be able

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<v Speaker 12>to listen to you. I missed the conversations, but I

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<v Speaker 12>still love being able to hear Salty and the comment

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<v Speaker 12>line lady and a few of the other regulars. It's

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<v Speaker 12>like old home weekend. It makes me smile. Keep up

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<v Speaker 12>the great work, brother, enjoy your weekend, and we'll see

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<v Speaker 12>what madness this weekend brings, and all look forward to

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<v Speaker 12>hearing you share it with us on Monday.

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<v Speaker 2>You can well, now there's funny of madness. We don't

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<v Speaker 2>even have to wait for the weekend on something like that.

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<v Speaker 2>Let's see what else have we got here? Oh, the

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<v Speaker 2>comment line Lady Laurie, She weighed in, of course, always

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<v Speaker 2>good to hear from her.

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<v Speaker 13>The federal government is bringing whole milk back to school

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<v Speaker 13>lunch rooms. It was originally banned because it was thought

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<v Speaker 13>that whole milk would cause obesity in children. But that

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<v Speaker 13>fear is unfounded because I've never yet seen a child

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<v Speaker 13>drink milk in a school cafeteria.

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<v Speaker 2>Yeah, I think you're right. Maybe little little kids, but

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<v Speaker 2>but yeah, the older you get.

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<v Speaker 1>No, you got to.

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<v Speaker 2>We's wrong with milk? I like, I like whole milk.

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<v Speaker 2>I don't know if I drank it when I was

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<v Speaker 2>in school. But so with that kind of a late

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<v Speaker 2>session today, but I want to get right to Wall

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<v Speaker 2>Street because it started off this morning the future's markets

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<v Speaker 2>were down, not dramatically, but they were down. I saw

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<v Speaker 2>the Dow down over one hundred points before the market opened.

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<v Speaker 2>President goes to Davos, starts with the speech about I

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<v Speaker 2>don't want to use the military boom. The market turned around,

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<v Speaker 2>went up one hundred and fifty two hundred points from

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<v Speaker 2>being down over one hundred, and then he got to

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<v Speaker 2>the point where the announcement came out that a framework

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<v Speaker 2>of an agreement has been reached and the market popped.

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<v Speaker 2>It went up seven hundred points. Didn't finished there, but

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<v Speaker 2>it's still way up today, up five hundred eighty eight.

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<v Speaker 2>The now back above forty nine thousand to forty nine

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<v Speaker 2>thousand and seventy seven. The price of the S and

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<v Speaker 2>P up seventy eight, the NASDAK up two hundred and seventy,

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<v Speaker 2>gold up seventy dollars, people still nervous, seventy dollars up

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<v Speaker 2>to four thou eight hundred and thirty six.

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<v Speaker 1>I think that's a new record.

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<v Speaker 2>And oil went up a little bit today, up to

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<v Speaker 2>just under sixty one dollars for one barrel of oil.

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<v Speaker 2>So that's it for today. Thank you for coming by.

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<v Speaker 2>We will be back tomorrow. I hope to see you then.