Fed's Powell Served With DOJ Subpoenas & Iran Protests Intensify | Daybreak Europe 1/12/2026

Posted on 01/12/2026
|

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.

On today's show, Jerome Powell said the Fed was served grand jury subpoenas threatening criminal charges related to his testimony on renovations at the central bank headquarters. He described the move as part of the administration’s pressure over interest rates. President Donald Trump denied any knowledge of the DOJ investigation.

Meanwhile, Trump says the US is looking at potential options in response to violent crackdowns in Iran. He also said Iran's leadership has reached out to seek talks and a meeting is being set up, but the US may have to act before the meeting.

European countries, led by the UK and Germany, are discussing plans for a military presence in Greenland to show that the continent is serious about Arctic security and tamp down US threats to take over the Danish territory.



Chapters:

00:00:00 - Daybreak Europe

00:02:19 - Fed Served With DOJ Subpoenas, Powell Vows to Stand Firm

00:06:57 - US Stock Futures Drop With Dollar on Threat to Fed

00:12:02 - Iran Edges Closer to Revolution That Would Reshape the World

00:16:36 - UK, Germany Talk NATO Forces in Greenland to Calm US Threat

00:22:20 - Australia Braces for Catastrophic Fire Risk

00:25:49 - Fed Subpoenas Revive ‘Sell America’ Trade on Autonomy Concerns

00:29:25 - Yen Weaken on Snap Election Speculation

00:33:32 - Transatlantic Geopolitics and Technology Observatory Founder Alexander Zanzer

00:38:41 - Germany-India Trade Flows

00:41:27 - Elon Musk Grok AI Blocked in Indonesia, Malaysia

--------

More on Bloomberg Television and Markets



Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9

Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.



Connect with Bloomberg Television on:

X: https://twitter.com/BloombergTV

Facebook: https://www.facebook.com/BloombergTelevision

Instagram: https://www.instagram.com/bloombergtv/



Connect with Bloomberg Business on:

X: https://twitter.com/business

Facebook: https://www.facebook.com/bloombergbusiness

Instagram: https://www.instagram.com/bloombergbusiness/

TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en

Reddit: https://www.reddit.com/r/bloomberg/

LinkedIn: https://www.linkedin.com/company/bloomberg-news/



More from Bloomberg:

Bloomberg Radio: https://twitter.com/BloombergRadio



Bloomberg Surveillance: https://twitter.com/bsurveillance

Bloomberg Politics: https://twitter.com/bpolitics

Bloomberg Originals: https://twitter.com/bbgoriginals



Watch more on YouTube:

Bloomberg Technology: https://www.youtube.com/@BloombergTechnology

Bloomberg Originals: https://www.youtube.com/@business

Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake

Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol

Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts