Live in the NASAC markets, in the heart of New York City's Times Square. This is fast money. Here's what's on top tonight. A late day pop, all the headlines from Joe Cernan's interview with the president that sent markets sharply higher this afternoon, what Trump had to say about Greenland, tariffs, the Fed, and more. And the tech disconnect, software stocks have been vastly underperforming semis over the last few months, but the chartmaster says that's about to change. He lays out his case. Plus, Netflix shares hitting their lowest levels in more than a year, why investors were not impressed with last night's earnings report and what it says about the state of the streaming space. I'm Melissa Lecombe on the studio from Studio B at the Nazak on the desk tonight.

Steve Rosso, Karen Feinman, Dan Nathan, and Guy Adami. We start off at the late-day bounce

coming after President Trump said he reached a framework of a deal with NATO over control

of Greenland and called off European terrorists that would have taken effect on February 1st.

Major averages higher across the board, the S&P, Dow and NASAC, each gaining more

than a percent. All 11 S&P sectors ending the day in positive territory and the small-cap Russell

2000 closed up records. And some more big moves in market bellwethers, the 10-year treasury yield

retreating below 4.5% and a quarter percent. The dollar index ticking higher, gold settling up a percent and a half at

fresh records, and chipmakers is measured by the SMH gaining 3%. Still, the rising tide did not lift

all boats, IGV, the I-Share software ETF. It closed half a percent lower, a six-straight

session in the red. Notably, Microsoft fell over 2% while Oracle was off

by more than three. President Trump joined CNBC's Joe Kernan and Davos just moments after announcing

his Greenland Framework deal. Amon Javers is in Washington with the details on that. Amen.

Yeah, Melissa, the president made that announcement on social media, and then just moments later,

he talked to R. Joe Kernan and explained his thinking as to why he was pulling back on that tariff threat.

Here's what he said.

We took that off because it looks like we have pretty much a concept of a deal.

A deal of ownership, a deal.

Well, it's a little bit complex, but we'll explain it down the line. But the

Secretary General of NATO and I and some other people were talking, and it's a kind of a deal that

I wanted to be able to make. So the president there is saying it's a little bit complex. You

heard Joe pushing for some more clarity, some information about what's in

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