Trump Meets Zelenskiy at Davos | Balance of Power 1/22/2026

Watch on YouTube ↗  |  January 23, 2026 at 01:43  |  43:16  |  Bloomberg Markets
Speakers
Howard Lutnick — Secretary of Commerce
Joseph Welch — Executive Director, U.S. Army Transformation and Training Command
Charlie Pellett — Anchor/Reporter, Bloomberg
Rick Davis — Republican Strategist, Partner at Stonecourt Capital
Jeanne Sheehan Zaino — Political Contributor, Bloomberg
Andrew Garbarino — U.S. Representative (R-NY), Chairman, House Homeland Security Committee

Summary

President Trump met with Volodymyr Zelenskiy at Davos while envoys headed to Moscow for talks with Vladimir Putin. The program covered the new Board of Peace, Trump's $5 billion lawsuit against JPMorgan, and a looming DHS funding deadline. Markets rose on cooling geopolitical tensions, and guests discussed US data-center and Micron investment plus Army AI and software modernization.

  • Trump and Zelenskiy meet in Davos; Witkoff and Kushner travel to Moscow for Putin talks.
  • Trump unveils a Board of Peace drawing 20 nations, including Russia, Pakistan, Belarus, Saudi Arabia, and Israel.
  • JPMorgan denies closing accounts for political reasons after Trump sues for $5 billion.
  • Rep. Garbarino expects a bipartisan DHS funding bill to pass before the shutdown deadline.
  • Markets advance on cooling geopolitical tensions and solid economic data; small caps outperform.
  • Commerce Secretary Lutnick highlights $6 trillion committed US data-center investment and Micron's $200 billion US investment.
  • Army official Joseph Welch describes military AI, software, cloud, and AI-chip needs.
Ideas
Howard Lutnick Secretary of Commerce 31:16
Committed data-center investment fuels US growth.
Commerce Secretary Lutnick says there is $6 trillion of committed investment to build data centers in America, and Europe could add $2 trillion given its $30 trillion economy, equivalent to 10 points of GDP, which would produce amazing growth. This is a bullish demand signal for US data-center infrastructure.
US Data Centers MED
Howard Lutnick Secretary of Commerce 31:43
Micron's $200B US investment creates uplift.
Lutnick says the Commerce Department did a deal with Micron under which the company will invest $200 billion in America, including a $100 billion fab groundbreaking in upstate New York, the first industrial building there in 40 years, creating enormous economic uplift. This is a company-specific positive for Micron's US manufacturing expansion.
MU HIGH
Joseph Welch Executive Director, U.S. Army Transformation and Training Command 34:50
Army AI modernization drives defense tech demand.
Welch says the Army must adopt AI because adversaries will use it, and it is freeing data from silos to speed battlefield decisions. It needs AI chips for disconnected operations, is shifting procurement toward commercial software and a Silicon Valley model, and relies more on commercial cloud/data-center providers for secure capacity, creating a defense-tech demand setup.
AI Chips Defense software SKYY MED
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This Bloomberg Markets video, published January 23, 2026, features Howard Lutnick, Joseph Welch discussing US Data Centers, MU, AI Chips, Defense software, SKYY. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Howard Lutnick, Joseph Welch  · Tickers: US Data Centers, MU, AI Chips, Defense software, SKYY