Morning Brew Daily Wall St. Shook By ‘Sell America’ & BlackRock’s CEO Says Capitalism is Not Working
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Jan 21, 2026 Trump's controversial comments about Greenland sent markets into a frenzy, raising concerns among investors. At Davos, Larry Fink criticized capitalism and spotlighted AI's potential to widen inequality. Netflix managed to meet earnings expectations in a fiercely competitive landscape. The alcohol industry faces a crisis with oversupply, while Guinness bucks the trend with stout revival thanks to pop culture. Lastly, a spirited discussion on innovative cattle tool use showcases the surprising intelligence of animals.
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'Sell America' Signals Fragile Confidence
- Global investors began pulling money from US assets after Trump threatened tariffs and pursued Greenland, signaling a loss of confidence.
- Toby Howell and Neil Freeman warn this could mark a broader shift in the world economic order if it continues.
Watch The 10‑Year Yield
- Rising 10-year yields and bond market 'yippiness' are key indicators that could force policy reversals.
- Neil Freeman notes Trump's sensitivity to bond markets may prompt him to back down if markets get too volatile.
BlackRock's Big Critique Of Davos And Capitalism
- Larry Fink criticized Davos and warned capitalism isn't working as wealth has concentrated dangerously.
- He argued AI could accelerate inequality and urged confronting that risk now.
