JUST IN: Trump says he had a “very good” call with Minneapolis Mayor Jacob Frey. Border czar Tom Homan will meet with him Tuesday to continue discussions amid fallout from federal immigration crackdown.

🚨 BREAKING: Trump says South Korea isn’t honoring its deal with the U.S., announces tariff hike to 25% from 15% on autos, lumber, pharma and all reciprocal tariffs. Major escalation in U.S.–Asia trade tensions.

Silver gives back gains fast: spiked to $117.75 (+14%) before sliding to $103.88. Gold briefly broke below $5,000, then rebounded to ~$5,015. Volatility remains intense as traders test key psychological levels.

SILVER ERASES PREVIOUS GAIN OF 14%

US proposes keeping Medicare insurer payment rates steady next year, WSJ reports

SOUTH CAROLINA HEALTH DEPARTMENT CONFIRMS WINTER STORM-RELATED DEATH.

NIKE: Actions to consolidate its operations footprint will primarily impact U.S. distribution operations, the company says, as it streamlines logistics and accelerates automation across its supply chain.

TRUMP: “Iran wants a deal.” Former President says Tehran has reached out repeatedly on nuclear talks, citing U.S. military pressure and defending U.S.-backed Israeli strikes, arguing Iran would otherwise already have nuclear weapons.

Syrian President Ahmed al-Sharaa is set to meet Russian President Vladimir Putin on Wednesday in Moscow, Syrian state TV reports signaling continued coordination between Damascus and Moscow

NIKE to cut 775 jobs as it accelerates automation at U.S. distribution centers, CNBC reports. The move underscores how AI and robotics are reshaping retail logistics and jobs.

U.S. OFFICIAL SAYS 25 COUNTRIES HAVE NOW JOINED THE BOARD OF PEACE.

U.S. OFFICIAL SAYS HAMAS DISARMAMENT MAY COME WITH SOME FORM OF AMNESTY.

U.S. OFFICIAL SAYS 25 COUNTRIES HAVE NOW JOINED THE BOARD OF PEACE.

U.S. OFFICIAL SAYS WASHINGTON IS “OPEN FOR BUSINESS” IF IRAN WANTS TO ENGAGE.

IRAN–SRI LANKA: Foreign ministers discussed bilateral ties and regional developments in a phone call, Iran’s IRNA reports. Talks come amid shifting regional dynamics.

BRENT CRUDE FUTURES SETTLE AT $65.59/BBL, DOWN 0.44% (29 CENTS).

SKY NETWORK TELEVISION AND PARAMOUNT GLOBAL CONTENT DISTRIBUTION ANNOUNCE EXCLUSIVE PARTNERSHIP

CANADA’S TRADE MINISTER LEBLANC: HAD A PRODUCTIVE DISCUSSION WITH U.S. TRADE REPRESENTATIVE GREER

Canada's Trade Minister LeBlanc to meet with US Trade Representative Greer in DC in the coming weeks.

Canada's Trade Minister LeBlanc: told Greer that Canada is not seeking a China free trade deal.

Canada's Trade Minister LeBlanc assured US Trade Representative Greer understood the China-Canada tariff deal.

Volkswagen CEO threatens to end plans for U.S. factory unless Trump reduces tariffs.

WHITE HOUSE: We do not want to see a government funding lapse

WHITE HOUSE: Trump is not giving up on the Ukraine peace process

WHITE HOUSE: Americans do not have the right to obstruct immigration enforcement operations

WHITE HOUSE: President Trump will travel to Iowa on Tuesday to deliver a speech focused on the U.S. economy.

MICROSOFT rolls out MAIA 200 AI chip to power Copilot + cloud AI. Goal: higher efficiency, lower inference costs, and less dependence on NVIDIA as in-house silicon scales across data centers.

Aramco launched a $4B four-part bond offering: $500M – 3Y at +60 bps $1.5B – 5Y at +80 bps $1.25B – 10Y at +95 bps $750M – 30Y at +130 bps

White House says the Minneapolis shooting investigation includes interviews with agents involved

White House says Trump wants the investigation into the Minneapolis shooting to continue, while DHS Secretary Kristi Noem remains in charge as probes proceed.

White House says Trump outlined a path to “restore order” in talks with Gov. Walz, says CBP won’t be needed if local leaders act, and urges Congress to end sanctuary cities

White House says it “doesn’t want to see anyone killed on U.S. streets” and confirms the Minneapolis shooting by federal immigration agents is being investigated by the FBI, Homeland Security and border officials, amid mounting national scrutiny.

EXCLUSIVE: President Trump tells Axios hat Hamas had helped locate the remains of the last Israeli hostage. He called on the group to now follow through on its commitment to disarm.

NEW YORK FED ACCEPTS $1.489 BLN IN FULL AT REVERSE REPO FACILITY ON JAN 26

TURKISH FOREIGN MINISTER MET HAMAS OFFICIALS IN ANKARA, DISCUSSED PHASE TWO OF CEASEFIRE AND HUMANITARIAN CONDITIONS IN GAZA, TURKISH FOREIGN MINISTRY

Brazil’s Lula holds 50-min call with Trump, agrees to visit Washington 🇧🇷🇺🇸 Leaders discussed Venezuela, Gaza and Trump’s proposed “Board of Peace.” Lula urged regional stability and Palestinian representation.

The European Parliament has delayed its decision on the EU–US trade deal until February 4.

Why It Will Be Very Hard to Prosecute ICE Agents Over the Minneapolis Killings Read👇 open.substack.com/pub/rudramjc...

US TREASURY TWO-YEAR YIELD EXTENDS FALL AFTER AUCTION; LAST DOWN 1.7 BPS AT 3.5879%

DHS says there is body-worn camera video from fatal shooting of Alex Pretti. Investigators are reviewing multiple angles, a DHS spokesperson tells NBC News.

US NATURAL GAS FUTURES EXTEND GAINS, PRICES UP OVER 25% TO THREE-YEAR HIGH AS FREEZING WELLS CUT OUTPUT TO TWO-YEAR LOW

TRUMP: GOVERNOR TIM WALZ CALLED ME WITH REQUEST TO WORK TOGETHER WITH RESPECT TO MINNESOTA TRUMP: IT WAS A VERY GOOD CALL, AND WE, ACTUALLY, SEEMED TO BE ON A SIMILAR WAVELENGTH

EU Lawmaker Lange: The European Parliament delays decision on moving ahead with US trade agreement until February 4th. EU Parliament negotiators to discuss next week.

GERMANY FOREIGN MINISTER SAYS RUSSIA USES HYBRID TACTICS AGAINST US IN A VERY TARGETED MANNER BY DAMAGING UNDERSEA CABLES, JAMMING GPS SIGNALS, DISINFORMATION CAMPAIGNS AND A SHADOW FLEET, IS TESTING OUR RESILIENCE

Fed bids for 3-Month bills total $4.1 bln

Fed bids for 6-month bills total $3.6 bln.

Fed bids for 3-Month bills total $4.1 bln

#$MSFT #$NVDA - *MICROSOFT UNVEILS LATEST AI CHIP TO REDUCE RELIANCE ON NVIDIA

Microsoft: Introducing Maia 200 chip, an AI inference accelerator built on TSMC's 3NM process. Microsoft: Maia 200 will serve multiple AI models, including latest GPT-5.2 models from OpenAI. #$MSFT #$NVDA #$TSM

Apple’s new M6 chip could launch surprisingly soon, per report