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Marketplace Morning Report

Trump, Davos, and markets

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 21 January 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

On Wednesday, President Donald Trump spoke in front of international leaders in Davos, Switzerland. There, he touted his use of tariffs to disrupt the global trading system and spoke about his aspirations for acquiring Greenland without the use of force. We'll unpack some of the economic headlines. Then, we'll also discuss yesterday's sell-off of stocks and bonds and hear how Russia's war on Ukraine is impacting European airlines’ bottom lines.

Transcript

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0:31.5

Markets inflect as the president speaks.

0:35.0

Beyond ruling out using force to acquire Greenland from Denmark, President Trump

0:39.8

right now is touting his use of tariffs to disrupt the global trading system as a win-win for the world.

0:45.9

He's speaking now to business and political leaders gathered at the Swiss ski resort of Davos now,

0:51.0

referring to outlines of trade deals with, for instance, Japan, South Korea, and the

0:55.8

European Union.

0:57.1

And these agreements raise growth and cause stock markets to boom not only in the U.S.

1:02.3

but virtually every country that came to make a deal because, as you've learned, when the

1:07.7

United States goes up, you follow.

1:12.5

Those deals are outlines with final details still in flux. In fact, European Union lawmakers

1:18.5

today froze discussions on the U.S. EU trade deal after Trump's threats to raise tariffs on

1:24.8

some EU countries who oppose his Greenland aspirations.

1:28.6

Trump also just said Greenland is not about its rare minerals.

...

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