Squawk Pod: Davos 2026: President Donald Trump - 01/22/26 | Audio Only

Summary

President Donald Trump joined CNBC's Joe Kernen at Davos 2026, discussing a Greenland and Arctic framework deal, Iran sanctions, a proposed credit card interest rate cap, and the search for the next Federal Reserve chair. He also commented on NATO defense spending, Venezuela oil, corporate single-family home buying, and his preference for a Fed chair who won't overreact to strong growth. Market implications include potential headwinds for credit card issuers and single-family rental owners, and support for defense contractors and equities under a less rate-sensitive Fed.

• Trump outlined a Greenland/Arctic framework deal, calling off threatened tariffs on Denmark and other European countries.
• He said 25% tariffs on countries doing business with Iran would proceed and warned against Iran's nuclear program.
• He advocated a one-year 10% cap on credit card interest rates.
• He wants a Greenspan-like Fed chair who won't raise rates solely on strong GDP growth.
• He noted NATO allies raised defense spending to 5% of GDP and buy US military equipment.
• He discussed Venezuela oil, corporate single-family home purchases, and affordability policies.
• He said the US economy is strong with low inflation and tremendous growth.