U.S. political decisions shook markets Monday, with stock futures sliding sharply and global markets weakening as President Donald Trump threatened new tariffs on eight European nations over objections to his proposal to bring Greenland under U.S. control. European leaders condemned the move, raising fears of retaliatory sanctions and deepening transatlantic tensions.
The U.S. holiday closure of the major stock exchanges for Martin Luther King Jr. Day didn’t stop futures from reacting: Dow Jones and S&P 500 futures were both down, signaling investor unease. Gold and other safe-haven assets climbed as traders parsed the geopolitical fallout.
World leaders and CEOs gathered in Davos, Switzerland, where the annual World Economic Forum opened amid sharp debate over U.S. trade policy and global cooperation. President Trump’s expected keynote speech — and his hard-line stance on tariffs and foreign policy — is dominating discussion, even as leaders from tech, finance, and government seek common ground on economic growth and geopolitical risks.
The event has drawn intense media and protest attention, with activists and some delegates critiquing rising inequality and the U.S. role in international affairs.
Communities across the United States marked Martin Luther King Jr. Day with parades, service projects and remembrance events honoring Dr. King’s legacy. From local marches to volunteer drives, the federal holiday has become both a moment of reflection and civic engagement.
However, some activists say the current political climate — including recent federal policy changes — has added tension to celebrations, with debates about civil rights, equality and how King’s legacy is honored in practice.
Federal offices, banks and financial markets were closed in observance of the holiday, though many cultural and private events continued.
On the sports front, the 2026 College Football Playoff National Championship took center stage today with Miami battling top-ranked Indiana — a marquee event in collegiate sports drawing national broadcast coverage and fan interest.