Watch CNBC's full interview with President Donald Trump

Watch on YouTube ↗  |  January 21, 2026 at 20:59  |  16:27  |  CNBC
Speakers
Donald Trump — President of the United States

Summary

CNBC's Joe Kernen interviews President Donald Trump in Davos. Trump discusses a conceptual Arctic/Greenland security and minerals deal with NATO, ongoing Iran sanctions and military procurement, his desire for a more growth-tolerant Fed chair, and proposals to cap credit card rates and restrict corporate single-family home purchases. He also expresses optimism about Venezuela's oil-driven economic revival.

  • Trump announced a concept of a deal with NATO on Arctic/Greenland security and mineral rights.
  • Iran sanctions and military action remain in focus, with new B-2 bomber orders.
  • Trump criticizes Fed Chair Powell and wants a Greenspan-like successor who tolerates strong growth.
  • Trump proposes a one-year 10% cap on credit card interest rates.
  • Trump wants to stop large corporations from buying single-family homes.
  • Trump says the U.S. is getting along with Venezuela and sees its oil reserves reviving the country.
  • Markets were relieved by tariffs being called off for February 1.
Ideas
Donald Trump President of the United States 3:57
NATO spending boosts defense contractors
Trump says NATO members have raised defense spending to 5% of GDP and are paying the U.S. large sums for missiles and military equipment. He also notes the U.S. ordered 25 additional B-2 bombers and discussed the Golden Dome missile defense program, pointing to strong demand for U.S. defense contractors.
ITA MED
Donald Trump President of the United States 9:37
Dovish Fed would boost stock market
Trump wants a Greenspan-like Fed chair who will not raise rates on strong growth, arguing that fear of rate hikes causes the stock market to fall on good economic news and prevents 'great runs.' He wants the market to have a great run, implying a bullish view on US equities under a more accommodative Fed.
SPY LOW
Donald Trump President of the United States 13:28
Trump backs 10% credit card rate cap
Trump wants a one-year 10% cap on credit card interest rates, arguing that credit card companies are charging 28-30% and driving people into bankruptcy. This regulatory threat would pressure revenue and profitability for credit card issuers.
Credit card companies HIGH
Donald Trump President of the United States 15:11
Venezuela to be hot again
Trump says the U.S. is getting along great with Venezuela, recently picked up 50 million barrels of Venezuelan oil, and Venezuela has tremendous oil reserves. He expects the country to be 'hot again' and its people to make more money with the U.S., implying a more positive outlook for Venezuela's economy and oil sector.
Venezuela MED
Donald Trump President of the United States 16:00
Trump targets corporate single-family home buyers
Trump says large corporations have been buying up thousands of single-family homes to rent or flip, making it too hard for ordinary people to buy homes. He wants to stop this practice, creating regulatory risk for institutional single-family rental and homebuying companies.
Single-family rental companies MED
Up Next
1:24
President Trump: We're getting along great with Venezuela
CNBC · Jan 21
2:23
Trump Backs Off Greenland Tariffs Threat
Bloomberg Markets · Jan 21
0:41
President Trump: We want people to be able to buy a home
CNBC · Jan 21
3:20
President Trump on Iran: ‘They can’t do the nuclear’
CNBC · Jan 21
1:12
President Trump: I would like to see a one-year cap of 10% on credit card rates
CNBC · Jan 21

This CNBC video, published January 21, 2026, features Donald Trump discussing ITA, SPY, Credit card companies, Venezuela, Single-family rental companies. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Donald Trump  · Tickers: ITA, SPY, Credit card companies, Venezuela, Single-family rental companies