Trump at Davos, Netflix and Lisa Cook
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What is the main topic discussed in this episode?
Hi, I'm Kim Vinnell in Whanganui, New Zealand. It's Wednesday, January 21st. Today, the Davos elite brace for Trump's arrival as he says there's no going back on Greenland. Netflix beats revenue estimates, but its shares take a tumble as it remains locked in a fierce bidding war. And the Supreme Court weighs Trump's firing of Fed Governor Lisa Cook.
What are the implications of Trump's arrival at Davos?
This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. U.S. President Donald Trump is in Davos today for the World Economic Forum, but he might not receive the warmest of welcomes, with him now refusing to rule out using force to take over Greenland.
How far are you willing to go to acquire Greenland?
You'll find out. Trump says he's got a lot of meetings scheduled in Davos. Those meetings could be uncomfortable, as most European nations are furious at the American leader, both for his continued Greenland talk and for threatening tariffs on some European allies if they don't let him buy the Danish territory. And his spat with French President Emmanuel Macron has ramped up.
How did Netflix perform in its latest earnings report?
Steve Holland, who's travelling with the president, explains.
Trump did a breach of diplomatic protocol by releasing a text statement that he got from the French president Emmanuel Macron, in which Macron said, why don't you come to Paris after the Davos meeting and we'll have a G7 meeting and discuss various issues. And Trump basically dismissed that plan and said he would go his own way on this issue. But NATO leaders are in an uproar about this. There are threats that it could upend the transatlantic alliance that has formed the security protocol for the last 60, 70 years. So we're at kind of a breaking point here, potentially.
And according to sources on both sides of the pond, that shift is already underway.
What is the significance of the Supreme Court case involving Lisa Cook?
The US plans to cut around 200 NATO positions at key command centers that oversee and plan the alliance's military and intel operations. Trump has also released an AI-generated image of himself planting the US flag in Greenland. Macron, for his part, says Europe would not give in to bullies or be intimidated.
We need more growth. We need more stability in this world. But we do prefer respect to bullies.
Belgian Prime Minister Bart de Wever going even further.
So many red lines are being crossed that you have the choice between your self-respect. Being a happy vassal is one thing. Being a miserable slave is something else.
Trump is set to give a keynote speech in Davos later today. Meanwhile, U.S. Treasury Secretary Scott Bessett tried to urge calm.
I tell everyone, sit back, take a deep breath, do not retaliate, do not retaliate.
Which apparently isn't working. President Donald Trump's tariff threats over Greenland have triggered a massive sell-off on the global markets. For more, here's Morning Bid's Mike Dolan.
Yeah, that's right. Big sell-off on Wall Street last night. 2% on stocks.
How are Trump's Greenland comments affecting international relations?
The dollar fell again. And crucially, U.S. Treasury yields are rising. The sell America trade, as some people are calling it, may be back on the agenda. But things have calmed down today to some degree because we're waiting to see what Trump says in Davos. His keynote speech to the World Economic Forum happens just before Wall Street reopens. And really, people are wondering what happens next. push comes to shove and those tariffs go ahead on February 1, Europe seems committed, at this point at least, to retaliate. And if it does retaliate, we're back in a situation that we were for the early part of last year of tensions, brinkmanship, negotiations, potentially, and uncertainty most of all.
Thanks, Mike. You can catch Morning Bid wherever you get your podcasts. The Wall Street sell-off reached Netflix as well. The streamer's stock dropped after its earnings call. But the big picture, it says, is much rosier. The streamer has blown past 325 million subscribers, helping Netflix get in ahead of Wall Street's revenue expectations for the fourth quarter, bringing in over $12 billion. But the big thing on investors' minds?
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:27
2
What are the implications of Trump's arrival at Davos?
0:27–1:20
3
How did Netflix perform in its latest earnings report?
1:20–2:15
4
What is the significance of the Supreme Court case involving Lisa Cook?
2:15–3:30
5
How are Trump's Greenland comments affecting international relations?
3:30–10:41
Speakers
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