U.S. President Donald Trump is shown on television during a news broadcast from the New York Stock Exchange (NYSE) in the United States, Tuesday, January 21, 2025.
Michael Nagel | Bloomberg | Getty Images
This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.
What you need to know today
Trump to announce investment in artificial intelligence infrastructure
President Donald Trump Tuesday Announcing the establishment of a joint venture — Stargate — OpenAI, Oracle and SoftBank Investments have pledged an initial investment of $100 billion and up to $500 billion over the next four years in U.S. artificial intelligence infrastructure.
Trump’s SEC establishes “Cryptocurrency Task Force”
this The U.S. Securities and Exchange Commission announced Acting Chairman Mark Uyeda “Cryptocurrency Task Force” established It aims to “develop a comprehensive and clear regulatory framework for crypto-assets.” The SEC added that the group is tasked with developing a clear set of rules while addressing issues regarding coin registration. The announcement pushed Bitcoin up about 2.4% to above $106,000.
Netflix surges, raises prices
Netflix shares surge Announcement of fourth quarter results Revenue and profit for the quarter beat expectations, and the number of paid members exceeded 300 million. The company will Raise prices on most U.S. plans. It will also increase prices in Canada, Portugal and Argentina.
Markets rise on Trump tariff delays
wall street stocks On Tuesday, investors assessed Trump’s comments and first-day actions on international trade to be a little more dovish than initially thought. The president did not authorize new tax measures on his first day back in the Oval Office, instead sending Dow Jones Industrial Average It rose more than 500 points, or 1.24%. this S&P 500 Index rose 0.88%, Nasdaq Index up 0.64%. in Europe, pan-European Stoke 600 It closed up about 0.4%.
(PRO) A meaningless stock market
The stock market is once again close to historical highs, but the investment landscape is full of contradictions that are difficult to balance. said Henry Allen, macro strategist at Deutsche Bank. He noted that in several parts of the market, investors appeared to be betting on more optimistic possible outcomes, despite evidence that they should be more cautious.
bottom line
“I always say tariffs to me are the most beautiful words in the dictionary,” President Donald Trump said during his inauguration.
However, Trump did not appear to be taking any immediate action on this front on his first day in the Oval Office.
Although he did announce that he was “considering” 25% tariffs on Canada and Mexico, and Impose 10% tariff on China. For reference, the 47th president threatened to impose tariffs of 10%-20% globally during the campaign, and up to 60% on China.
Investors seem fine with Trump’s first day Major U.S. benchmarks rose on Tuesday.
“President Trump’s tariff policy announced on Inauguration Day was more dovish than expected,” Alec Phillips, chief U.S. political economist at Goldman Sachs, said in a note to clients. “Currently, it is lower on our priority list. expectations.”
China tries to dissuade Trump on tariffs Vice Premier Ding Xuexiang said Speaking at the World Economic Forum in Davos, “There is no way out for protectionism. (A) trade war has no winners.”
Ding quoted Chinese President Xi Jinping’s 2017 speech: “Engaging in protectionism is like locking yourself in a dark room. Wind and rain can be kept out, but light and air cannot be blocked.”
Tariffs could undercut Trump’s claims of America’s ‘golden age’ last year, Morgan Stanley’s chief economist warned that tariffs will “significantly” drag down U.S. economic growth in 2026.
Some might say that for Trump, tariffs may be a way for him to sow wind and reap a whirlwind.
—CNBC’s Alex Harring, Brian Evans, Evelyn Cheng and Lee Ying Shan contributed to this report.
