Luke Vargas

Asian stocks have ended the day mostly higher.

European stocks are up in midday trading, recouping some of the losses after Trump backtracked on his tariff threats.

and U.S.

stock futures are pointing to further gains ahead of earnings from Intel, Procter & Gamble, and Capital One.

And we've got a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

Davos gears up for President Trump with all eyes on how hard he pushes for Greenland.

Plus, the U.S.

shifts military firepower to the Middle East, and a big day for the Fed's independence at the Supreme Court.

It's Wednesday, January 21st.

I'm Luke Vargas for The Wall Street Journal, and here is the AM edition of What's News, the top headlines and business stories moving your world today.

After a brief delay leaving the U.S.

due to mechanical issues on Air Force One, President Trump is set to take center stage today in Davos, Switzerland.

The journal's Jenny Strasberg is at the World Economic Forum and says the president's quest to acquire Greenland is dominating a gathering that organizers had titled A Spirit of Dialogue.

Though Jenny said that not everyone is taking Carney's approach.

President Trump is set to speak at 8.30 a.m.

Eastern.

And here to discuss what we can expect from those remarks, I'm joined by the journal's Washington coverage chief, Damian Palletta.

Damian, I went through our archives to recall Trump's first Davos appearance as president back in 2018.

He was talking about going after China's trade practices, though he didn't mention China by name.