The stock market appears to be reacting positively to President Trump's remarks about Greenland at the World Economic Forum, where he stated he would not use force to take the Arctic island. Erin Delmore, a geoecomomics correspondent, joins CBS News with more.
Breakdown
- All major U.S. stock indexes rose about 0.7–0.8% after Trump's statement 14s
- Previous day saw S&P 500's worst drop since October 2025 30s
- Market rebound linked to Trump ruling out military force in Greenland 1m 5s
- GDP is strong but labor market is softening; unemployment near 4% 1m 54s
- Tariff uncertainty is causing businesses to hesitate on hiring and spending 2m 10s