Ed Ludlow

The idea that Greenland will not be something that is taken by force.

European stocks rally from their lows.

We see, in fact, the Nasdaq 100 now up 1.4% as the mood music changes.

But there are real details here.

in which industries benefit and which are pulling back from this significant speech over at Davos.

We're looking at the S&P 500 now up a percentage point.

But really, Ed, we have to get to the details of that speech we just heard.

Yeah, the president made it very clear he doesn't want to use force.

He won't use force.

And he talked about how he is coming here to have intense negotiations for the United States to acquire Greenland once again.

So coming into this, you had the Europeans really feeling like this was an existential threat.

This has really taken up all the oxygen in every single meeting room you'll attend or dinner on the sidelines of Davos, Switzerland.

A lot of criticism pointed towards Washington because of the president's rhetoric regarding Greenland.

But he came here with some thinking maybe was just to negotiate.

And that's exactly what we did.

And we've seen the president use this tactic before in the past.

In the first term, there was so many leaks about maybe the United States would leave the NATO alliance.

At the end of the day, NATO came to the position the president always wanted it to, which is to spend more on collective defense.

Another time this happened, of course, was more recently, last year, during Liberation Day.

This is what the Treasury Secretary spoke about earlier in the week here at Davos.