Hey, from CNN, I'm Ifeoma Dike with the five things you need to know for Wednesday, January 21st.

'President Donald Trump says he'll no longer be imposing new tariffs that have been scheduled to take effect February 1st on European nations that opposed his ambitions to control Greenland. That's after Trump says, he and NATO Secretary General reached a framework deal on the sidelines of the World Economic Forum in Davos, Switzerland, that would satisfy his demands for the Arctic island. However, he stops short of saying his new framework deal for Greenland. Would include the U.S. Owning the semi-autonomous Danish territory when asked by CNN's Kaitlin Collins.

'It's a long-term deal. It's the ultimate long- term deal. And I think it puts everybody in a really good position, especially as it pertains to security and minerals and everything else.

How long will the deal be, Mr. President?

Infinite.

Trump also said he could envision paying a sum of money for Greenland while calling Denmark, quote, ungrateful for refusing to relinquish it. Meanwhile, U.S. Stocks jumped with a Dow up more than 580 points.

More news coming up, including reaction from JPMorgan Chase's CEO on one of Trump's policies.

It would be an economic disaster.

That's JPMorgan Chase CEO, Jamie Dimon, in a question and answer session at the World Economic Forum in Davos today. He hesitated to criticize Trump with one notable exception, Trump's plan for a 10% cap on credit card interest rates. He predicted the pain would spread through the US economy if the policy went into effect. He also suggested it should be tested in a few states before rolling it out nationwide.

They should force all the banks to do it in two states, Vermont and Massachusetts, and see what happens. And then I think everyone who thinks manipulating price will learn a real lesson. And the people crying the most won't be the credit card companies. It'll be the restaurants, the retailers, the travel companies, the schools, the municipalities, because people will miss their water payments, their this payment and that payment.

'Trump said later today that he planned to ask Congress to pass a one-year cap, but Diamond said he didn't think Congress would pass it.

ICE launched a new immigration crackdown in Maine. The state's governor acknowledged the potential operation was coming in a statement last week, saying the agency's quote, tactics are not welcome here. Maine is home to a sizable Somali population and the operation comes after Minnesota's Somali Population has been targeted recently. But that enforcement operation has led to clashes between protesters and agents. But today, a federal appeals court froze a judge's order that put guardrails on how federal agents can interact with peaceful protesters in Minnesota, as the court considers whether to pause the order indefinitely. This comes as White House officials say Vice President J.D. Vance is planning to travel to Minneapolis tomorrow to meet with ICE agents and give remarks to defend their immigration operations.

We had a bipartisan vote today to hold the Clintons in contempt of Congress, and this shows that no one's above the law.

'That's House Oversight Committee Chair James Comer earlier today. The panel is taking this step after former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, refused to comply with a subpoena to testify in the congressional Jeffrey Epstein investigation. Comer said the Clintons have two weeks before the full House votes on the matter. If the GOP-controlled House votes to hold them in contempt, the case would then be referred to the Department of Justice, which would then have to decide whether to prosecute. CNN obtained a letter the Clintons' attorneys wrote to Comer last week where they offered to cooperate, but said Republicans didn't accept their terms and went straight to contempt. Comer called that offer, quote, unreasonable.

Coming up, SCOTUS weighs in on a fired Federal Reserve official.

The Supreme Court's conservative justices seem skeptical that President Trump had the authority to remove Lisa Cook from the Federal Reserve. Trump fired Cook last summer based on allegations that she had committed mortgage fraud. Cook has denied wrongdoing. Several conservative justizes jumped on the Trump administration's position in multiple aspects, including the lack of due process and whether the allegations against Cook justify her firing. Here's Justice Brett Kavanaugh.

Their position that there's no judicial review, no process required, no remedy available, very low bar for cause that the president alone determines, that would weaken if not shatter the independence of the Federal Reserve.

That's all for now. We're back at 6 a.m. Eastern.