Wednesday, January twenty first, 2026
President Trump has arrived in Davos, Switzerland this morning, and presently on the podium for the annual World Financial Discussion board. That is, fairly succinctly, the principle even of this 12 months’s discussion board — with strains amongst NATO international locations following Trump’s declared will towards annexing Greenland, which is presently beneath NATO ally Denmark’s management.
Trump has spent a lot of the starting a part of his speech working down his checklist of perceived accomplishments, with quotes like “The U.S. is the financial engine of the planet” and “has undergone a change not seen in 100 years,” in addition to proclaiming his first time period and the primary 12 months of his second time period because the “best in U.S. historical past.” By way of Europe, the president mentioned that it’s “not not off course,” and that his tariff coverage on overseas nations was to “pay for the harm they precipitated.”
Relating to Greenland — to which Canadian Prime Minister Mark Carney declared “a rupture, not a transition” in world coverage — Trump mentioned, as he has many instances previously, that the U.S. “wants it for our safety.” The president spent an honest period of time on this speech decrying wind vitality, calling windmills “losers” and China the producer of wind generators that “they promote to silly individuals.” This is able to lead one to consider that Trump’s curiosity is much less offering safety to Greenland from forces corresponding to Russia and China, and extra seeking to exploit its pure sources.
Trump didn’t point out NATO till after he had been talking greater than half an hour, and at that time he mentioned he (or maybe the U.S.) has been “handled very badly” by the post-WWII alliance. He credited himself with “doing extra to assist NATO than any… individual.” In brief, he’s not backing down from his slightly pugnacious stance on annexing Denmark’s property. The president will seemingly be talking right here after the opening bell, however at this stage I might counsel there’s, finally, nothing new to report.
Pre-markets jumped into optimistic territory throughout main indexes as quickly as Trump declared his administration wouldn’t search to take over Greenland by navy drive. As an alternative, he is pounding the desk (not actually) on slapping new tariffs on international locations against the U.S. annexing the “huge block of ice.” The Dow is now +200 factors, the S&P 500 is +20 and the Nasdaq +20. The small-cap Russell 2000 has offered off -20 factors at this hour.
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