Squawk on the Street SOTS 2nd Hour: Tariff Threats & The Market Picture; Plus: LIVE from Davos (Citi CEO, Salesforce CEO, Micron CEO) 1/20/26
Jan 20, 2026
In this lively discussion, Jane Fraser, CEO of Citigroup, shares insights on corporate resilience amidst geopolitical pressures and critiques potential credit-rate caps. Marc Benioff, CEO of Salesforce, dives into AI strategy and the need for regulation to protect children from tech harms. Sanjay Mehrotra, CEO of Micron, emphasizes the pivotal role of memory in AI advancements and outlines a massive U.S. investment plan. Together, they tackle pressing market dynamics while broadcasting live from the World Economic Forum in Davos.
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Tariff Threats Spark Market Repricing
- President Trump's tariff threats on Greenland spooked markets and triggered a sell-off across stocks and bonds.
- Markets priced more macro risk into 2026 after a period of low volatility and high valuations.
Mini Sell-Off, Big Repricing Risk
- Michael Santoli described the move as a contained, mini sell-off reminiscent of April but milder.
- He noted the market had been priced for a clean 2026, so headlines now add a what-if premium to valuations.
Focus Fundamentals During Headlines
- Jane Fraser urged cutting through noise and focusing on fundamentals when headlines create volatility.
- She recommended trusting resilient companies and long-term growth drivers like AI investment.