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Squawk on the Street

Pres. Trump in Davos: "I Won't Use Force" to Take Greenland 1/21/26

Squawk on the Street

CNBC

Business, Investing, News

4.1567 Ratings

🗓️ 21 January 2026

⏱️ 64 minutes

🧾️ Download transcript

Summary

President Donald Trump delivered a wide-ranging speech at the World Economic Forum in Davos, Switzerland. Stocks rose after the president said "I won't use force" to take over Greenland. Trump's comment comes one day after a global market sell-off, sparked by his threat to raise tariffs on eight European nations who oppose a U.S. acquisition of Greenland. The president also spoke about issues including U.S. economic strength, housing in America, AI and Venezuela — along with some harsh words for Europe and NATO. Trump also engaged in a Q&A session. Squawk on the Street Disclaimer

Transcript

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0:00.0

Market moving insight and analysis.

0:02.4

Join Jim Kramer, David Faber and me, Carl Cantonia,

0:04.9

on the opening bell hour of CNBC Squawk on the Street.

0:08.4

You're listening to Squawk on the Street, the opening bell, in progress.

0:13.8

In farms, but they don't use them.

0:15.4

They just put them up to show people what they could look like.

0:18.5

They don't spin.

0:19.2

They don't do anything.

0:22.5

They use the thing called coal,

0:30.5

mostly. But China goes with the coal. They go with oil and gas. They're starting to look at nuclear a little bit. And they're doing just fine. They make a fortune selling the windmills,

0:36.8

though. And I think really that's

0:39.4

one that they wouldn't be surprised if it stopped. They are shocked that it continues to go.

0:44.9

They're very friendly with me. They're shocked that people continue to buy those damn things.

0:50.0

They killed the birds. They ruin your landscapes. Other than that, I think they're fabulous, by the way.

0:56.8

Stupid people by them.

0:58.1

The consequences of such destructive policies have been stark, including lower economic

1:03.5

growth, lower standards of living, lower birth rates, more socially disruptive migration,

1:09.6

more vulnerability to hostile foreign adversaries and much, much smaller militaries.

1:18.3

The United States cares greatly about the people of Europe. We really do.

1:22.6

I mean, look, I am derived from Europe, Scotland and Germany.

1:29.6

100% Scotland, my mother, 100% German, my father.

1:36.3

And we believe deeply in the bonds we share with Europe as a civilization.

...

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