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CNBC Daily Open: ‘TACO’ trade boosts markets amid ongoing geopolitical tensions around Greenland and Ukraine
U.S. President Donald Trump walks after charter announcement for his Board of Peace initiative aimed at resolving global conflicts, alongside the 56th annual World Economic Forum (WEF), in Davos, Switzerland, January 22, 2026. Denis Balibouse | Reuters Amid the recent uproar over U.S. President Donald Trump’s aim of annexing Greenland, it’s easy to lose track […]
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CNBC Daily Open: Talks of ‘TACO’ trade amid confusion over Trump’s Greenland deal
Traders work during the BitGo initial public offering (IPO) on the floor at the New York Stock Exchange (NYSE) in New York, US, on Thursday, Jan. 22, 2026. Michael Nagle | Bloomberg | Getty Images When something is phrased as a “framework” or “concept” of a deal, and described as “a little bit complex” without […]
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CNBC Daily Open: A ‘concept’ of a plan on Greenland and no more European tariffs — Trump’s remarkable day at Davos
U.S. President Donald Trump reacts as he leaves the congress centre during the World Economic Forum (WEF) annual meeting in Davos on Jan. 21, 2026. Fabrice Coffrini | AFP | Getty Images The tariff clock stopped just in time. U.S. President Donald Trump announced Wednesday that he and NATO Secretary General Mark Rutte have agreed […]
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CNBC Daily Open: Trump’s intensifying pressure on Greenland prompts investors to ‘sell America’
U.S. President Donald Trump takes questions from the media during a press briefing in the James S. Brady Press Briefing Room of the White House on Jan. 20, 2026 in Washington, DC. Win McNamee | Getty Images Markets on Tuesday flashed the classic signs of a “sell America” trade, as investors recoiled from escalating risks […]
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‘This is sell America’ — U.S. dollar, Treasury prices tumble and gold spikes as globe flees U.S. assets
A trader works at the New York Stock Exchange next to a U.S. flag after Republican Donald Trump won the U.S. presidential election, in New York, Nov. 6, 2024. Andrew Kelly | Reuters The “sell America” trade is in full swing Tuesday morning after President Donald Trump and European leaders escalated tensions over Greenland. U.S. […]
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‘Stay calm’ and ‘this is the new normal’: What banking CEOs are saying about the global market sell-off
Bank chiefs called for calm on Tuesday as stocks plummeted after President Donald Trump’s threats of fresh tariffs. The pan-European Stoxx 600 dropped about 1.2% in morning trade Tuesday — with the continent’s major bourses and most sectors heavily selling off — after Trump floated a potential 200% levy on French wine and champagne. In […]
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CNBC Daily Open: The EU has a nuclear option to deal with Trump’s Greenland tariffs — and is mulling over it
Flags of the European Union fly outside the EU headquarters in Brussels, Belgium, on December 19, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Greenland’s Prime Minister Jens-Frederik Nielsen stood firm on the island’s self-governance, saying on Monday that the “latest statements from the US, including threats of tariffs, do […]
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