Market Sell-Off, Trump Tariff Threat, Netflix Amends WBD Offer to All-Cash 1/20/26

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 20 January 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

David Faber and Jim Cramer kicked off the holiday-shortened trading week with the markets in sell-off mode — as President Trump ramps up his push to annex Greenland and threatens double-digit tariffs on eight European nations opposed to such a move. Jim explores how investors should navigate Tuesday's pullback. David breaks down Netflix's amended offer to acquire Warner Bros. Discovery's studio and streaming assets: It's now an all-cash deal. Hear what Treasury Secretary Scott Bessent told CNBC at the World Economic Forum in Davos, Switzerland — from his message to Europe on Greenland, to comments about Fed Chair Jerome Powell's plans to attend the Supreme Court hearing on the case involving Fed Governor Lisa Cook. Also in focus: AI news galore, Amazon CEO Andy Jassy in Davos on tariffs and the consumer, 3M shares fall despite an earnings beat. Squawk on the Street Disclaimer

Transcript

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0:00.0	Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.
0:10.8	Good Tuesday morning. Welcome to Squawk on the Street. I'm David Favor with Jim Kramer.
0:14.7	We're live from Post 9 at the New York Stock Exchange. Carl has the morning off.
0:18.0	Let's give you a look at futures since we get ready for the first trading day of a short and week, of course. There you see. We are going to be down and down
0:25.4	sharply. And no surprise, of course. That is where we will begin our roadmap this morning with
0:31.1	those fears that the Sell America trade is back on this as President Trump ratches up the
0:37.1	rhetoric involving Greenland,
0:39.1	threatening massive tariffs on Europe.
0:43.1	Plus the battle for Warner Brothers Discovery once again, Netflix amends that offer, as we
0:48.3	knew it would.
0:49.0	We've also got the preliminary proxy from Warner Brothers Discovery.
0:54.6	We will get into it deeply.
0:57.2	And a lot of the headlines as well, of course, coming out of Davos, Switzerland, where
1:01.0	world leaders and top CEOs are all together.
1:06.0	Plenty to talk about there.
1:07.2	Let's talk about stocks right here with Jim Kramer, of course, as we look at
1:11.7	futures that are going to be down sharply this morning. What are your thoughts? Well, I think that
1:15.9	we're jarred because a lot of people felt that this part of the presidency was over. I think
1:23.2	that there's a belief, David, that there's a bit of an erratic behavior that makes us feel that
1:30.9	we want to maybe not be committed to more buying up American stocks for the moment.
1:37.7	Now, I want to point out, we can really overdo this.
1:41.6	We can overdo what?
	...

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