Selected highlights from Trump's speech at Davos: US stocks will double.
President Trump delivered a highly anticipated speech and engaged in a dialogue with the host at the World Economic Forum annual meeting in Davos, Switzerland on Wednesday. The following excerpt highlights the main points of his speech:
Economy and Stock Market
- Predicts that the US economy will grow at a rate of 5.4% in the fourth quarter
- States that the recent drop in the US stock market is insignificant compared to previous gains, and predicts that the market will double in the future
- States that the US is "vigorously developing" nuclear energy and has signed orders approving multiple nuclear reactors
- Reiterates the demand for Congress to set a cap of 10% on credit card interest rates for one year
Federal Reserve
- States that the Chairman of the Federal Reserve will be a male and highly respected
- Mentions that all Chairman candidates performed well in interviews, but their actions may change once in office
Greenland
- Calls for immediate negotiations to acquire Greenland, but does not want to use excessive force to take it
- Mentions that the US handed Greenland back to Denmark after World War II, and says that Denmark is now "ungrateful"
- Warns that the US will remember if Denmark defies the US on the Greenland issue
NATO/Europe
- Criticizes Canada for not being grateful to the US
- Claims that acquiring Greenland will not threaten NATO, but will enhance the security of the entire alliance
- States that the US is not treated fairly by NATO, as it gives more but receives too little
- Believes that Europe is moving in the wrong direction, and that some places are "unrecognizable"
- Hopes to have strong allies in Europe, not severely weakened ones, and wants Europe to remain strong
Other
- Mocks French President Macron for wearing sunglasses
- States that all major oil companies will enter Venezuela with the US, and that the US will "split" the oil revenue with the country
- Mentions that he will meet with Ukrainian President Zelensky on that day.
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