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Happy Tuesday. Breaking news this morning: Netflix submitted an all-cash offer for Warner Bros. Discovery‘s assets, the latest twist in the fight for the media giant’s studio and streaming businesses. CNBC reported last week that Netflix was likely to adjust its bid.
Stock futures are cratering this morning as investors dump U.S. assets. The three major indexes are coming off a losing week.
Here are five key things investors need to know to start the trading day:
1. Hitting the slopes
A policeman wearing camouflage clothing stands on the rooftop of a hotel near the Congress Centre during the World Economic Forum (WEF) annual meeting in Davos, on January 20, 2020.
Fabrice Coffrini | Afp | Getty Images
While some of us were sleeping in over the holiday weekend, many of the biggest names in business and politics trekked to Davos, Switzerland for the World Economic Forum’s annual summit that kicked off yesterday.
Here’s what to know:
- This year’s theme is “The Spirit of Dialogue,” but the WEF has warned that the world is entering a new era where “trade, finance and technology are wielded as weapons of influence.”
- Ahead of the meeting, surveyed business leaders said they were most worried about geoeconomic issues and the spread of misinformation in the short-term.
- CNBC’s “Squawk Box” is on the ground in Davos and will have interviews with some of the summit’s top attendees, such as Amazon CEO Andy Jassy and Microsoft CEO Satya Nadella who both sat down with CNBC this morning.
- Tomorrow, CNBC’s Joe Kernen will interview President Donald Trump, who will make his first in-person visit to Davos since 2020. The president is set to address the forum on Wednesday amid fresh tariff threats and heightened international tension over his push to acquire Greenland.
- U.S. Treasury Secretary Scott Bessent, who is also in Davos, told CNBC this morning Trump is showing that the U.S. is “back.”
- While the event is seen as a hub for dealmaking and networking, some key figures such as Danish government representatives and Chinese President Xi Jinping are not expected to attend.
2. Tit for tat
14 January 2026, Greenland, Nuuk: The Greenlandic flag on residential buildings in the center of Nuuk.
Julia Wäschenbach | Picture Alliance | Getty Images
Over the weekend, Trump said he would hike tariffs on eight European countries unless Greenland is sold to the U.S. Representatives from the European Union gathered for an emergency meeting on Sunday to discuss Trump’s threatened levies, which he said would start Feb. 1 at 10% and rise to 25% on June 1.
Greenland Prime Minister Jens-Frederik Nielsen shot back at Trump yesterday, saying the island would “not be pressured” and “stand firm on dialogue, on respect and on international law.” Members of the EU are reportedly considering implementing counter-tariffs and other retaliatory economic measures on the U.S. European officials said Monday that Trump told Norway’s prime minister that his aggressive push for Greenland is due in part to not receiving the Nobel Peace Prize last year.
Markets haven’t responded well to Trump’s call for higher duties: U.S. stock futures tumbled overnight, while precious metals and global bond yields surged. Follow live markets updates here.
3. Day in court
US Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, on Dec. 10, 2025.
Saul Loeb | AFP | Getty Images
Stateside, we’re keeping an eye on the Supreme Court this week.
Economists, businesses, U.S. trading partners and the White House are all still waiting for the court’s ruling on the legality of many of Trump’s tariffs, which could possibly come as soon as today. Over the weekend, Bessent said it would be “very unlikely” for the nation’s highest court to strike down a president’s “signature economic policy” as it “does not want to create chaos.”
Meanwhile, a source told CNBC that Federal Reserve Chair Jerome Powell — who is currently under federal investigation — plans to attend oral arguments at the court tomorrow in the case challenging Trump’s firing of Fed Governor Lisa Cook. Bessent told CNBC in Davos that Powell’s attendance would be a “mistake.”
4. Popped tires
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025.
Eva Marie Uzcategui | Bloomberg | Getty Images
Jeep and Fiat parent Stellantis formed through a merger a half of a decade ago. But as CNBC’s Michael Wayland reports, the past five years haven’t been good for investors.
The U.S.-listed stock has tumbled around 43% since the Jan. 16, 2021 merger, while Italian-listed shares have sunk about 40% in the same period. Stellantis has been in a tough spot since it revealed concerning financial results in 2024, as it cut costs in a bid to juice profit margins and shift into electric vehicles.
But new CEO Antonio Filosa is leading a turnaround for the automaker after taking the reigns from Carlos Tavares last year. Filosa is especially focused on winning back U.S. market share for Jeep and Ram after years of declining sales.
5. S(e)oul food
SEOUL, SOUTH KOREA – JUNE 17: The Anjum family, on vacation from Pakistan, picks out varieties of the Buldak Samyang instant noodles from the CU “Ramyun Library” convenience store, a popular tourist attraction, on Monday, June 17, 2024, in the Hongdae district of Seoul, South Korea.
(Photo by Jintak Han/The Washington Post via Getty Images)
The Washington Post | The Washington Post | Getty Images
If you thought skincare was the only hot product out of South Korea, think again. Food exports from the country climbed to a record of more than $13 billion last year.
The driver: instant noodles, also known as ramyeon. Exports of the category jumped 22% to just over $1.5 billion, making it the first food product to surpass $1 billion in international sales.
As CNBC’s Lim Hui Jie reports, cheese-flavored spicy noodles noodles and other so-called “K-foods” have found footholds in the U.S. and China, as well as in emerging markets in Central Asia and the Middle East. Analysts tie growing awareness of Korean food to a broader boom of cultural interest in the country’s pop music and TV dramas.
The Daily Dividend
Here’s what we’re keeping an eye on in this holiday-shortened trading week:
CNBC’s Lillian Rizzo, Lucy Handley, Leonie Kidd, Tasmin Lockwood, Kevin Breuninger, Luke Fountain, Fred Imbert, Sam Meredith, Holly Ellyatt, Lee Ying Shan, Dan Mangan, Steve Liesman, Michael Wayland and Lim Hui Jie contributed to this report. Josephine Rozelle edited this edition.
https://www.cnbc.com/2026/01/20/5-things-to-know-before-the-stock-market-opens-tuesday.html

