The Exchange

President Trump speaking to bank CEOs at Davos, and throwing punches at some of them with his comments too. Plus, Blackrock’s Larry Fink is warning of renewed inflation risk to the market. And Netflix is moving higher again today after its blowout earnings report. We’ll look at the fallout for the media landscape.

The Trump-backed, multibillion-dollar AI initiative “Stargate” answers some key questions about the AI trade, according to one analyst. Plus, JPMorgan Chase CEO Jamie Dimon says a strong dollar isn’t bad, but P&G’s CEO says it isn’t good either, and our market guest says staying small helps avoid it altogether. And the CEO of Chuck E. Cheese’s parent company joins us with the latest on their turnaround efforts after filing for, and emerging from, bankruptcy in 2020.

Day 1 of Trump 2.0 brought 46 presidential actions, along with a shift in tone on tariffs that the market seems to be welcoming today. We have the latest and what could happen next. Plus, venture capitalist Bradley Tusk says Trump repealing Biden’s orders on AI doesn’t matter and will join us to explain. And S&P Vice Chair Dan Yergin is live from Davos with the business community’s reaction to Trump declaring a “national energy emergency”.

Will TikTok go dark this weekend? Will Elon Musk buy it? We game out the likely scenarios for the social media apps—and dig into the cybersecurity risks for both users and non-users alike. Bitcoin up 10% in the week before Trump’s inauguration, just how high crypto can go this year, according to Standard Chartered. Plus, Bernstein analyst Toni Sacconaghi tells us where he’s finding value in big tech in his final TV interview ahead of retirement. 

President-elect Trump’s pick for Treasury Secretary is testifying before the Senate Banking Committee. Plus, we have an exclusive sit-down interview with Citi CEO Jane Fraser on the heels of the bank’s strong quarterly results. And USAA’s CEO is on the ground in California as residents begin to rebuild their lives in the wake of the devastating wildfires.

Inflation is cooling, yields are dropping, and stocks are rallying. Can today’s market action last or is it a last hurrah before tariffs take center stage? Plus, deal activity is surging to start the year. We’ll look at who could be next. And we’ll speak with one TikTok creator with millions of dollars at stake about how she’s preparing for a potential ban.

Stocks moving lower on the eve of earnings season, but our guest is warning of a different risk that the market is underpricing. Plus, TikTok denying a report that it’s weighing a sale to Elon Musk. We’ll look at the platform’s most likely path forward. And our strategist has the sectors he expects to come out on top this earnings season, and some of them may surprise you.

The global surge in bond yields and the dollar is putting pressure on tech stocks. We’ll dig into how long these headwinds could persist. Plus, Meta CEO Mark Zuckerberg is calling out Apple for a lack of innovation and for “squeezing people.” We’ll look at the potential fallout for advertisers amid his recent political shift. And Redfin is fielding thousands of calls as the rental market looks to absorb the fallout from the California wildfires. We’ll check on the real estate market with the broker’s CEO.

Stocks selling off on today’s jobs report, now erasing all their post-election gains, and one of our guests says don’t expect that to change until yields move lower. Plus, Disney, Fox and Warner Bros. are pulling the plug on their joint venture, Venu Sports. We’ll look at why and what it means for the media landscape. And NATO’s former Supreme Allied Commander Adm. James Stavridis joins us with a look at Greenland’s strategic importance and how the U.S. can expand its presence there.

Deadly wildfires continue to devastate Southern California. We speak with two people directly impacted. Plus, we’re decades away from useful quantum computers – or so says Nvidia CEO Jensen Huang. We talk to one CEO who says that timeline is dead-wrong.