P.M. Edition for Jan. 21. President Trump dials down the rhetoric with Europe, calling off threatened tariffs on several European nations after saying he wouldn’t use force to take Greenland. We hear from WSJ national security reporter Robbie Gramer about how European leaders are responding. Plus, U.S. stocks jump in response to Trump’s de-escalation. And, the Supreme Court heard oral arguments today in the case of Fed governor Lisa Cook. The Journal’s chief economics correspondent Nick Timiraos says the court seemed skeptical of the Trump administration’s attempt to fire her and discusses what that means for the central bank’s independence. Alex Ossola hosts.

Sign up for the WSJ's free What's News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices