Fred Kempe and Nicholas Burns discuss the geopolitical fallout from U.S. pressure on Denmark over Greenland and related tariff threats. They argue Europe is undergoing shock therapy and may increase defense spending, while a rupture with the U.S. would mainly benefit China and Russia. Burns also says China's effort to deepen economic ties with Europe is unlikely in the short term because Europe views China's support for Russia's defense industry as existential.
This CNBC video, published January 21, 2026, features Fred Kemp, Nicholas Burns discussing European Defense, FXI, ERUS. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Fred Kemp, Nicholas Burns · Tickers: European Defense, FXI, ERUS