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 primary even of this yr’s discussion board — with strains amongst NATO nations following Trump’s declared will towards annexing Greenland, which is at present underneath NATO ally Denmark’s management.
Trump has spent many of the starting a part of his speech operating 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 yr of his second time period because the “best in U.S. historical past.” By way of Europe, the president stated that it’s “not on track,” and that his tariff coverage on international nations was to “pay for the harm they triggered.”
Concerning Greenland — to which Canadian Prime Minister Mark Carney declared “a rupture, not a transition” in international coverage — Trump stated, as he has many occasions up to now, that the U.S. “wants it for our safety.” The president spent a good period of time on this speech decrying wind power, calling windmills “losers” and China the producer of wind generators that “they promote to silly folks.” This may lead one to consider that Trump’s curiosity is much less offering safety to Greenland from forces resembling Russia and China, and extra trying to exploit its pure assets.
Trump didn’t point out NATO till after he had been talking greater than half an hour, and at that time he stated 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… particular person.” In brief, he’s not backing down from his somewhat pugnacious stance on annexing Denmark’s property. The president will possible be talking right here after the opening bell, however at this stage I might recommend there’s, in the end, 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 army pressure. As an alternative, he is pounding the desk (not actually) on slapping new tariffs on nations against the U.S. annexing the “massive 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 bought off -20 factors at this hour.
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