'Magnificent 7,' crypto, Trump coin, AI, Trump, tariffs, Fed and everything else dominating Davos

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Coverage of the World Economic Forum in Davos, Switzerland is something I view as a competitive sport every year.

As few of my closest friends know, I start training for the strongest week in the summer (and yes, they all make fun of me). With the number of workouts in the lead-up increasing each week, I can easily run as many meetings as humanly possible with the two-mile walker in the bag (yes, I do this).

One cheat meal a week is replaced with green drinks and extra doses of vitamins to make sure I don’t get sick. I meditate twice a day and carefully choose clothes that I know will help me perform at the highest level. Be good, feel good, good things will happen.

For me, this one event is the closest I’ll ever get to being Michael Jordan in the finals – and I’m so lucky to be there.

This year, it will be useless for elites flying in private jets to sing about the biggest problems in the world.

Read more: Here are the biggest global risks for 2025.

The conference will officially begin on Trump’s birthday. Some CEOs I know are cutting back on who’s going to be in Davos all week after doing the mid-week graduation party. As of Tuesday, the new president may have issued several executive orders that could affect the businesses of top CEOs on the ground. And of course it affects the world market.

That’s why this year’s WEF is even more important than usual for your average investor. The headlines will be hot and heavy as CEOs seek to oppose or side with Trump. They also want to talk their trades before earnings season starts and markets tend to rise a bit later.

Here’s your truth and ours. Jennifer Schoenberger You’ll see them wrap up in five stages throughout the week. Be sure to bookmark “Stream Now” on Yahoo Finance to catch all of our market-related interviews in real time. Or listen to where you catch us regularly, whether on Samsung TV or our awesome app.

Unlike our trips to Davos over the past decade, I’ll be recording several special episodes on the ground for the inaugural auction podcast. I can tell you who those guests are, but where’s the fun in that? Better to be surprised!

Now to that guide…

CEOs of big banks: Like JPMorgan ( JPM ) CEO Jamie Dimon, Bank of America ( BAC ) CEO Brian Moynihan, Goldman Sachs ( GS ) CEO David Solomon, Citi ( C ) CEO Jane Fraser and Morgan Stanley ( MS ) CEO Big names in banking. Ted Peake will be at the meeting. While this group will all be asked about Trump’s policies, the key to market sentiment will be their views on interest rates. Most have not spoken publicly since the Fed indicated last month that rate cuts may be on hold and want to be heard before the Jan. 28-29 federal policy meeting.

Tariff CEOs: Retail will have a good show at Davos, with the CEOs of Polo Ralph Lauren ( RL ), Williams Sonoma ( WSM ) and Gap ( GAP ) making the rounds (their CEOs at the event for the first time). These companies are in the middle of a tariff dispute. I’d like to know how the tariffs are set up for Trump from a supply chain perspective. I’m interested in how much they’ll raise prices after the tariffs — it could provide valuable insight into the 2025 inflation outlook and federal policy.

Read more: How do tariffs work, and who exactly pays them?

The Race to Catch Nvidia: It will be another year of artificial intelligence discussions in the halls of Davos. At this point, I think the discussions will take two forms. First, unlike last year, AI discussions were mostly about potential, with investors wanting to see clear lines for revenue and profit. So I encourage AI CEOs to bring it up. And two, we’ll hear more about how big tech players in Microsoft ( MSFT ) and Alphabet ( GOOGL ) plan to develop their own high-powered AI chips to catch Nvidia ( NVDA ), or at least make enough chips to outpace them. . Leaders from OpenAI and Anthropic will also be involved, and their ideas on the chip could be key. I’ll be watching Nvidia’s stock price like a hawk this week, and you should be too.

Representation of Crypto: The crypto industry has had a strong presence at Davos over the past five years. This year, the industry is expected to work, with an appearance from Coinbase (COIN) CEO Brian Armstrong. I agree very well with what the crypto people think about the recent volatility in bitcoin, MicroStrategy (MSRL) buying bitcoin, what they are hearing from the pro-crypto Trump administration, and previous reviews on Paul Atkins. Chairman.

And of course, the new Trump coin that launched to much fanfare (and a market cap) on Friday.

The token quickly rose to a market cap of $73 billion within 48 hours, surpassing DOGE as the largest meme coin ever.

The market value of the crypto has fallen to 12 billion dollars since its inception CoinMarketCap.

Shares Reportedly, stocks are starting to look overweight (especially the Magnificent 7). I’m excited to hear from market experts like JPMorgan Mary Erdos And whether economists like Nuril Robini are seeing red flags on the horizon. Any calls they make here in Davos are likely to carry more weight with more volatile market conditions and increased uncertainty over Trump’s policies.

political wild cards; As of this writing, contacts have told me that President-elect Donald Trump plans to send a delegation to Davos. Exactly who gets the nod is the wild card. (I love that it might be business secretary Howard Lutnick, who has been a regular on the Davos party scene for years. Elon has hated Davos for so long, it’s hard to see it unfold). Trump himself is scheduled to speak remotely on Thursday, a source told Yahoo Finance.

But who ultimately emerges from Trump’s orbit — and what they say once they’re tapped out — could reshape America’s international relations right out of the gate. If Trump takes steps that could weigh on foreign economic growth and delegates arrive in Davos in the days to explain his actions, the inevitable headlines may not be market-friendly.

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Brian Sozzi Yahoo Finance is the editor-in-chief. Follow Sozzi on X @BrianSozzi, Instagramand on LinkedIn. Tips for stories? Email brian.sozzi@yahoofinance.com Three times a week, Sozzi presents insightful conversations with the biggest names in business and marketing at Yahoo Finance. Tender opening Podcast. Find out more about us Video center. Look at you Preferred streaming service. Or listen and subscribe Apple Podcasts, SpotifyOr wherever you find your favorite podcasts.