CNBC Daily Open: Greenland could be next on Trump's list

3 days ago 8

A Royal Danish Navy vessel is seen patrolling the land of Greenland connected March 16, 2025 successful Nuuk, Greenland.

Ahmet Gurhan Kartal | Anadolu | Getty Images

It's not adjacent been a week since the U.S. onslaught connected Venezuela, and murmurs of different imaginable subject cognition are already coming retired of the White House. On Tuesday stateside, Press Secretary Karoline Leavitt told CNBC that the Trump medication is not discounting "utilizing the U.S. Military" to get Greenland.

Even earlier the quality broke, headlines astir a imaginable takeover were already circulating. European politicians banded unneurotic to stand down Greenland's borders, portion leaders of Denmark and its autonomous territory emphasized the Arctic island's sovereignty.

But overmuch similar the U.S.' onslaught connected Venezuela, U.S. President Donald Trump's assertive posturing astir Greenland didn't look to faze markets much. In fact, the S&P 500 and Dow Jones Industrial Average notched caller records, on with Europe's Stoxx 600.

"The market's absorption to the Venezuela quality underscores the spread betwixt header hazard and existent terms action. While [Venezuelan President Nicolás] Maduro's apprehension is simply a notable geopolitical event, it carries nary contiguous implications for lipid proviso — the origin markets genuinely attraction about," said Angelo Kourkafas, elder planetary concern strategist astatine Edward Jones.

Meanwhile, Greenland's system is facing "major challenges," according to a study by Søren Bjerregaard, caput of securities and equilibrium of payments astatine Danmarks Nationalbank.

That said, determination is nary denying the severity of the determination connected a geopolitical basis, and connected the level of idiosyncratic quality lives, if Trump gives successful to his tendency to get Greenland. Markets could respond severely to the symbolic — and imaginable factual — fracturing of the NATO partnership.

What you request to cognize today

Record closes for the S&P 500 and Dow. Major U.S. indexes roseate Tuesday connected the backmost of artificial intelligence-related stocks specified arsenic Amazon, Micron and Palantir. Asia-Pacific markets mostly fell Wednesday, snapping a two-day winning streak.

Trump weighs subject enactment connected Greenland. The White House is considering "a scope of options" successful bid to acquire Greenland — including "utilizing the U.S. Military," White House property caput Karoline Leavitt told CNBC connected Tuesday.

U.S. to get lipid from Venezuela. The U.S. volition person betwixt 30 cardinal to 50 cardinal barrels of oil from Venezuela, which volition beryllium sold astatine its marketplace price, Trump said Tuesday evening stateside.

India inactive buying Russian oil. State-owned refiners, specified arsenic the IOC (Indian Oil Corporation) and BPCL (Bharat Petroleum Corporation), are still purchasing Russian crude, analysts said. Trump slapped precocious tariffs connected India implicit its import of Russian oil.

[PRO] Goldman Sachs' Europe picks. The Wall Street slope has updated its enactment of European stocks, giving 5 an upside of astatine slightest 70% — with 1 as precocious arsenic 147%.

And finally...

A Samsung Electronics Co. CXL representation module displayed connected a show during the Semiconductor Exhibition (SEDEX) successful Seoul, South Korea, connected Wednesday, Oct. 23, 2024.

SeongJoon Cho | Bloomberg | Getty Images

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