All eyes will be on Trump in Davos next week
TheWkly Analysis
The 56th Annual Meeting of the World Economic Forum in Davos begins on Monday. And while there will be no shortage of power brokers in parkas that cost more than your rent, the gravitational pull of President Trump’s first in-person appearance (of his second term) at the conference will be hard to escape. The theme for the gathering—the first without founder Klaus Schwab, who stepped down last year amid allegations of financial impropriety—is “A Spirit of Dialogue.” Much of that dialogue will be taking place around Trump’s “America First” ideas, which mostly run counter to the WEF’s push for global cooperation. Trump-centric topics of discussion are likely to include: Trump’s use of tariffs to reshape global trade, his push to take over Greenland, either by force or financial means, the possibility that the US could get involved in Iran due to the protests there, the US military intervention in Venezuela, which goes hand-in-hand with a push for more oil drilling and less emphasis on clean energy, and Trump’s recent threat to Fed Chair Jerome Powell, which was decried by many central bank heads concerned about the Fed losing independence. There’ll be other big names in attendance… Nvidia’s Jensen Huang and Microsoft’s Satya Nadella will be among the 850 chief executives and company chairs on hand. Comments on trade from US Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng will surely draw attention. Ukrainian President Volodymyr Zelenskiy will be there to seek support for his country’s fight against Russia. …and new proposals to mull National Economic Council Director Kevin Hassett said yesterday that Trump will announce a measure at the conference that would let Americans use the money in their 401(k)s for down payments on a home. Trump is scheduled to address the room full of people with private jets on Wednesday. And they’ll talk about AI: The “responsible deployment” of gen-AI will be discussed to the great interest of the world’s youth. A WEF survey of 4,600 people across 144 countries between the ages 18 and 30 found that two-thirds of respondents fear the proliferation of AI will reduce entry-level job opportunities over the next three years.
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Key Entities
- • World Economic Forum - Organizer of the Davos annual meeting
- • Davos - Swiss host location for the conference
- • Donald Trump - US president described as the conference’s central focus
- • Klaus Schwab - Founder referenced as stepping down amid allegations
- • Jerome Powell - Fed chair referenced in discussions of independence concerns
- • Kevin Hassett - National Economic Council director referenced on a 401(k) proposal
- • Jensen Huang - Nvidia CEO listed as attending
- • Satya Nadella - Microsoft CEO listed as attending
- • Jamieson Greer - US trade representative referenced on trade comments
- • He Lifeng - Chinese vice premier referenced on trade comments
- • Volodymyr Zelenskiy - Ukrainian president described as attending for support
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