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European Union preparing to announce 'historic' trade deal with India.
"Some call it the mother of all deals."
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Over $1.3 trillion wiped out from the US stock market today.
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๐จ Norway officially rejects Trumpโs invitation to join the Board of Peace.
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Trumpโs Greenland push is now being framed as a trade and geopolitics package, with EU retaliation risk layered on top.
If the US acquires Greenland and effectively controls Venezuela, the land mass involved is estimated around 1.18 to 1.20 million square miles.
That is roughly one third of the current US land mass and about 42% larger than the Louisiana Purchase, the biggest US acquisition in history.
โข Greenland is estimated at ~836,330 sq miles, about 23.7% of current US size
โข Venezuela is estimated at ~340,560 sq miles, about 9.6%
โข Louisiana Purchase in 1803 was ~837,987 sq miles
โข Texas annexation in 1845 added ~389,166 sq miles
The economic angle is resources.
Combined, the resource value being floated is around $20T, with most of it still untapped. Around $1.2T of annual US EU trade is now framed as being at risk if escalation continues.
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Trump announcement in 1 hour at 08:30 AM ET
Trump is set to make a โhugeโ announcement at the World Economic Forum in one hour. Markets are on alert given the current sensitivity around tariffs, geopolitics, and global trade.
Expect elevated market volatility.
How will the market react?
๐ Up
๐ Down
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President Trump at Davos:
๐ฅซ t.iss.one/FinancialWorldUpdates
"USA is the economic engine of the planet, and when America booms, the entire world booms."๏ปฟ
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Financial World Updates
President Trump at Davos: "USA is the economic engine of the planet, and when America booms, the entire world booms." ๏ปฟ ๐ฅซ t.iss.one/FinancialWorldUpdates
TRUMP:
The United States is in the midst of the fastest economic turnaround in our history.
"Core inflation has been just 1.6%, Q4 growth projected at 5.4%"
"U.S. inflation has been defeated"
๐ฅซ t.iss.one/FinancialWorldUpdates
The United States is in the midst of the fastest economic turnaround in our history.
"Core inflation has been just 1.6%, Q4 growth projected at 5.4%"
"U.S. inflation has been defeated"
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US stocks up after Trump says won't take Greenland with force.
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