Trump is ready for Davos. Is Davos ready for Trump?
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 20 January 2026
⏱️ 8 minutes
🧾️ Download transcript
Summary
Today is the second day of the World Economic Forum meeting in Davos, Switzerland. It's a meeting that attracts some of the world's most powerful people (and often protests). Among the biggest names are the heads of Microsoft and Nvidia, the chancellor of Germany, and — after a six-year in-person absence — President Donald Trump is returning to the forum. We'll outline what to expect. But first: a discussion of housing and tariffs.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Worried about your future in tech? |
| 0:03.4 | Master new skills. |
| 0:05.2 | Accelerate your team's impact and redefine what's possible with plural site. |
| 0:10.4 | We're more than just another online learning platform. |
| 0:14.1 | We're shattering the skills gap and shaping future generations of technologists. |
| 0:20.2 | Transform your work. Transform your team. Ready to tap in? |
| 0:25.9 | Visit us at plural site.com to learn more. President Trump heads to Davos. From Marketplace, I'm Nancy Marshall |
| 0:36.4 | Genser in for David Voncaccio. |
| 0:38.8 | First, Larry Adam joins us to talk housing and tariffs. |
| 0:42.8 | He's chief investment officer at Raymond James, which is a marketplace underwriter. |
| 0:47.1 | I started by asking what he expects when we get pending home sales tomorrow. |
| 0:51.7 | Well, I think you're going to continue to see some weakness in the housing market because we still have some affordability issues. You know, one thing that we've been hoping for that we'd see mortgage rates come down, which has been the positive so far. But if you look at the markets, you know, just over the last couple of days, you're starting to see interest rates start to tick higher. So continue to think that's going to be a very slow recovery in the housing market going |
| 1:11.9 | forward. Pivoting to tariffs, they have contributed to costs. I know President Trump has said consistently |
| 1:18.6 | that foreign firms pay for tariffs. But there's new research from a German think tank that found |
| 1:24.1 | that only about 4% of the burden of tariffs is actually shouldered by exporters. |
| 1:28.6 | Why do you think exporters don't foot much of the bill? |
| 1:32.4 | So I think if you just look broadly in the context of corporate America, they're very resilient. |
| 1:37.6 | And I think that they've found different ways to try and mitigate those costs. |
| 1:41.5 | If you look, for example, I do think that they've switched some of their |
| 1:44.9 | suppliers. As you know, energy prices around the world have been cut. So that's reduced some of the |
| 1:50.1 | spending, if you will, when it costs to transport. I think AI has had a big part of this in trying |
| 1:55.7 | to reduce some costs as companies have gotten more efficient. So I think you have to look at all |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.