Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange,

and we begin this final stretch with breaking news. Stocks rallying after President Trump says he has reached the framework to a deal with NATO over Greenland

and will no longer impose tariffs on Europe that were set to go into effect on February 1st.

The president also saying earlier today during his speech

in Davos that he would not use force in Greenland. Stocks were up on that as well. And we will hear

from the president himself momentarily from his interview with CNBC's Joe Kernan. First, let's go

to Washington and Amen Javers for the very latest. Amen, it would appear once again the art of the threat is especially powerful.

Yep, and in this case, the art of backing off the threat, Scott.

What we're seeing from the president's truth social post is a further de-escalatory signal.

I want to call your attention to two words in the president's post.

He says, we have formed the framework

of a future deal with respect to Greenland. I would just circle the words framework and future there

and say there's some questions that we now need the answers to in terms of exactly what is this

deal with respect to Greenland. Does it imply some sort of U.S. ownership, some sort of U.S. occupation

or participation in the governance of Greenland? What exactly is that? And our Joe Kernan will

have the chance to ask the president for any specifics on that. But also importantly for

Markets, Scott, as you know, and you just said, the president says, I will not be imposing

the tariffs that were scheduled to go into effect on February 1st.

So that, a relief to financial markets watching this tariff escalation between the United States and NATO countries.

Yep, there's no doubt about that. The interview, as you said, moments away between Joe Kernan and the president.

You'll see it. Amen, we'll talk to you on the other side of that for more of your reactions, but the market's reaction is clear, and we are rallying. Not quite

getting everything back from yesterday's sell-off, but nonetheless, as we begin this final stretch

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