Jonathan Ferro

Mr. President, good to see you.

Nice to see you.

Thanks for always making some time for us.

I would never traditionally start a conversation like this with a head of state, but given the news flow and the headlines and the pictures of texts we've seen over the past few days, I have to get a better understanding from you directly.

I understand you were on an exchange with the President of the United States where the President almost explicitly linked his failure to win the Nobel Priests Prize with a more assertive stance on Greenland.

Did that actually happen?

You'll have to forgive me, but for many people, they don't feel that it's normal to connect the failure to win a prize with a more assertive stance over someone else's territory.

And the last message with each other was in the last few hours?

The reason I ask you is because I'm trying to gauge whether there was a misunderstanding.

It certainly seems like you perceive there was a misunderstanding.

This has clearly played out very publicly.

And you've been transparent about how frank things are, often behind the scenes.

But given how publicly this has played out, what kind of a message do you think this is sending to the Russians at the moment, the way this is playing out?

Just a final question.

We often ask our guests for forecasts at the World Economic Forum.

I'm not going to ask for a long-term one.

Where do you think we'll be at the end of this week?

Mr. President, thanks for your time.

We begin this hour with stocks extending their sell-off as President Donald Trump's push to take control of Greenland is sending fresh volatility into markets worldwide.

The IBM vice chairman and former NEC director Gary Cohn joins us now for more.