U.S. President Donald Trump delivers an address via video conference at the World Economic Forum’s annual meeting in Davos, January 23, 2025.
Fabrice Coffrini | AFP | Getty Images
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What you need to know today
Trump’s Davos speech
U.S. President Donald Trump world economic forum It’s actually in Davos, Switzerland, it’s actually on Thursday. In his speech, Trump said he would “Demand an immediate reduction in interest rates,” Demand Saudi Arabia and OPEC’Reduce oil costs,” and said EU-US trade relations Very unfair.
S&P’s record close
this S&P 500 Closed Thursday at Fresh High Just as investors liked what they heard from Trump about cutting tax rates. All major U.S. benchmarks are on a four-day winning streak. regions of europe Stoxx 600 Index increased by 0.44%. puma Shares fell about 23% after missing full-year profit expectations for 2024 and revealing cost-cutting plans on Wednesday.
Encryption order signed by Trump
Cryptocurrency advocates sign a car Executive Order Boosts Cryptocurrency Advances In the United States, most of the orders are focused on establishing the technology and rules surrounding cryptocurrencies. One of the key pieces is the creation of a working group to consider a national digital asset inventory.
Huge losses for Boeing project
boeing Thursday said it was likely Lost about $4 billion in the fourth quarteror a loss of $5.46 per share. Revenue could be $15.2 billion, below LSEG estimates. Boeing has not held an annual profit since 2018. Aircraft manufacturers start 2024 air accident And with disabled labor strike and layoffs.
(Pro) Returning to Apple soon?
Apple’s Stocks are set for their fourth consecutive losing week, down nearly 11% so far, with stocks more directly related to artificial intelligence, such as Nvidia and Oracle,assembly. But it’s still early days for AI. This is how investors can flock to apple During the year, I wrote Goldman Sachs Analyst.
bottom line
The market should run on numbers: past performance, profit forecasts, return on equity. But, as Trump’s virtual address to the World Economic Forum on Thursday showed, words are just as powerful.
price Our crude oil and global benchmarks Brent Trump said he would “ask Saudi Arabia and OPEC to lower the cost of oil.”
The 2-year Treasury yield, which tends to track short-term rates, was lower while stocks ticked after Trump said he would “demand an immediate lower rate.”
Actually, S&P 500 At the record high of 6,118.71, it added 0.53% off. Its last closing high was 6,090.27 in early December. this Dow Jones Industrial Average up 0.92%, Nasdaq CompositeE rose 0.22%. This is the fourth consecutive green course for all three indexes.
But unlike numbers (in most cases anyway), this can be capricious.
“Trump’s Davos speech contained some ostensibly positive lines (he called on OPEC to lower oil prices, asked central banks to lower interest rates, and reiterated previous pledges to cut taxes and regulations), but little incremental or in-depth Within his control,” Crisafulli, founder of Vital Knowledge, said in a note.
That doesn’t mean Trump won’t follow through on his statements. However, it would be unwise to comment without concrete action.
On the other hand, there are some words that have policies behind them and should be taken seriously by investors.
The US Federal Reserve meets next week. The chance of tax rate cuts is close to zero, but according to Cmegroup’s FedWatch toolJames Demmert, chief investment officer at Main Street Research, said what Chairman Jerome Powell said at the press conference “could lead to market volatility.”
Learning what to listen for, then, is just as important for investors as deciphering the numbers.
—CNBC’s Alex Harring and Jesse Pound contributed to this report.
