Marketplace Morning Report

On Wednesday, President Donald Trump spoke in front of international leaders in Davos, Switzerland. There, he touted his use of tariffs to disrupt the global trading system and spoke about his aspirations for acquiring Greenland without the use of force. We'll unpack some of the economic headlines. Then, we'll also discuss yesterday's sell-off of stocks and bonds and hear how Russia's war on Ukraine is impacting European airlines’ bottom lines.

People around the world are using AI more than Americans, a new poll finds. About 40% of adults in the U.S. told pollsters that they used generative AI in the last year. In Nigeria, the United Arab Emirates, and India, that number was about 85%. What's driving the divide? But first: a preview of markets before President Donald Trump's speech at Davos, and a look at the struggle between the Trump administration and the Fed.

From the BBC World Service: Tech billionaire Elon Musk has picked a fight with Michael O'Leary, the chief executive of Ryanair; after O'Leary said Ryanair wouldn't be offering Musk's Starlink satellite services, Musk floated the idea of buying Ryanair himself. Plus, Lufthansa — one of the world’s largest airline groups — says that airspace closures due to war zones are forcing substantial rerouting of flights, with the ban on using Russian and Ukrainian airspace creating detours of one to two hours.

Today is the second day of the World Economic Forum meeting in Davos, Switzerland. It's a meeting that attracts some of the world's most powerful people (and often protests). Among the biggest names are the heads of Microsoft and Nvidia, the chancellor of Germany, and — after a six-year in-person absence — President Donald Trump is returning to the forum. We'll outline what to expect. But first: a discussion of housing and tariffs.

The Supreme Court will hear oral arguments tomorrow in the case around President Donald Trump's bid to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations. Cook denies any wrongdoing, and she hasn't been charged with any crime. Federal Reserve Chair Jerome Powell is set to attend tomorrow's session. We hear about the case at hand and what's at stake. But first, we hear why houses in some areas could get more affordable this year.