US President Donald Trump gave a big speech at the World Economic Forum in Davos on Wednesday.
Fabrice COFFRINI / AFP via Getty Images
The world's power players and top executives braced for what Trump would say — or not say — about Greenland on Wednesday. Now that the speech is done and dusted, the sun dawns on Davos, bringing forth another day of discussion on the top topics in tech, governance, and the markets.
We'll be bringing you live updates throughout day four of Davos right here. Follow along for the latest.
The ElonJet is in the airElon Musk
Nathan Howard/Reuters
Flight data from ADS-B Exchange showed that Musk's private jet, a Gulfstream G650, took off from San Jose International Airport Wednesday night, local time, and is traveling east.
It's not yet clear whether Musk is on the aircraft, but he's scheduled to appear on a panel with Larry Fink at 4:30 p.m., Swiss time.
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Cisco's president: 'I don't want anyone to be a full-time manager'Jeetu Patel from Cisco.
Ethan Miller/Getty Images
Management is a bug, not a feature, in a career path at Cisco.
Jeetu Patel, Cisco's president and chief product officer, is a big proponent of the great flattening. In fact, if you're only managing people at Cisco, you're doing something wrong.
"I want everyone to be a player-coach. I don't want anyone to be a full-time manager. We don't need full-time managers at Cisco," he told me on Wednesday.
He called the philosophy "foundational" to Cisco. People need to think about how they want to change the world and what they can do to contribute to that change, rather than focusing on specific job titles.
"If in the pursuit of that change, you have to go out and reluctantly manage some people, then go ahead and do that," Patel said. "But management, in and of itself, is not a full-time job."
JPM's top European bankers on clients' uncertaintyJPMorgan Chase
: Bob Henry/UCG/Universal Images Group via Getty Images
Conor Hillery and Matthieu Wiltz are well-versed in how European investors are feeling.
JPMorgan's co-CEOs of EMEA took a two-week trip across Europe and the Middle East to meet with clients at the start of the year. It corresponded with escalating geopolitical situations in Venezuela and Greenland, making for a unique trip.
When I spoke to them on Wednesday morning, before Trump's speech, they told me clients aren't necessarily looking to pull the plug on things, but the questions are mounting.
"I think it's just raising the spectre of uncertainty, so clients aren't making any definitive assumptions at this stage," Hillery told me. "In the back of their heads, they are starting to think that this could get a lot more complicated than it's been for the last few years."
And even since the trip, the situation is evolving almost minute by minute.
"There is a bit more of a question mark now compared to the first two weeks of January," Wiltz added.
Newsom: 'I'm living rent-free in Trump's head'California Gov. Gavin Newsom went hard on Trump at his morning session.
Fabrice COFFRINI / AFP via Getty Images
There was a bit of show-and-tell from the California governor at his morning session. He took out a set of red kneepads, which he said are meant for the CEOs who kneel to Trump. He also accused some corporate leaders — he didn't name them — of "selling out to this administration."
No shortage of jabs at Trump, too. The governor called Trump an "invasive species," among other things.
"I'm living rent-free in Trump's head," Newsom said.
Musk has slammed Davos in the past
He posted negatively about the forum in 2022 and 2023.
My reason for declining the Davos invitation was not because I thought they were engaged in diabolical scheming, but because it sounded boring af lol
— Elon Musk (@elonmusk) December 30, 2022
Elon Musk will speak at DavosElon Musk is seeking as much as $134 billion in damages from OpenAI and Microsoft
Jae C. Hong/AP
Musk is a new addition to the programme — he's now listed to speak with BlackRock CEO Larry Fink at 4:30 p.m.
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Business Insider was in the room at Trump's speech, and this is what went down
Business Insider's Ben Bergman brought us to-the-minute updates from inside the room where Trump gave his speech.
Great to start my day in Davos for the second day in a row with @Elex_Michaelson.
Today I shared what it was like to be in the room for President Trump’s lengthy address. pic.twitter.com/MmEjTEBgea
— Ben Bergman (@thebenbergman) January 22, 2026
Check out the full story, too.
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Now it's Gavin Newsom's moment to shineGavin Newsom at Davos on Tuesday.
Fabrice COFFRINI / AFP via Getty Images
Newsom sparred with Scott Bessent and, on Wednesday, stared into the camera in the middle of Trump's speech with a wry, knowing smile — giving his best imitation of Jim from "The Office."
rent free pic.twitter.com/lLB7uVydkf
— Governor Gavin Newsom (@CAgovernor) January 21, 2026
The California governor has also been making his rounds with the press, giving snappy soundbites about how the Democratic Party and world leaders should best deal with the president.
This morning in Davos, Newsom will get his share of the spotlight. He's scheduled for a panel at 8:30 a.m. local time.
It was all about Trump on WednesdayTrump Davos
Fabrice COFFRINI / AFP via Getty Images
ICYMI, though we don't know how you could've.
After a slight hiccup in his travel plans due to an electrical fault on Air Force One, President Donald Trump and his team swept into Davos on Wednesday for a much-anticipated speech.
The reactions? Mixed. Business Insider was in the room for his speech, and we fact-checked the president's praise for the US economy.
And after all the panic over Greenland, Trump called off his new tariffs on Europe. There's to be a "framework" in place, per an agreement with NATO, with more to come on what that'll mean.
Read the original article on Business Insider
