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The anticipation in Davos was palpable as global leaders and executives awaited President Donald Trump’s remarks, particularly on Greenland. As the forum progresses, discussions will continue to center on essential topics in technology, governance, and market dynamics.
Stay with us for live updates throughout the fourth day of the Davos meeting.
The ElonJet Takes Off
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Elon Musk’s private jet, a Gulfstream G650, departed from San Jose International Airport on Wednesday night, according to ADS-B Exchange flight data. While it’s uncertain if Musk is aboard, he is slated to participate in a panel with Larry Fink at 4:30 p.m. Swiss time.
Cisco’s Management Philosophy
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At Cisco, management isn’t the cornerstone of a career path. Jeetu Patel, Cisco’s president and chief product officer, champions a flattening approach where management is not a sole focus.
“I want everyone to be a player-coach. I don’t want anyone to be a full-time manager. We don’t need full-time managers at Cisco,” Patel shared on Wednesday. This philosophy encourages employees to think broadly about their contributions to the world, rather than fixating on job titles.
Patel added, “If in the pursuit of that change, you have to go out and reluctantly manage some people, then go ahead and do that. But management, in and of itself, is not a full-time job.”
European Market Uncertainty
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JPMorgan’s co-CEOs for EMEA, Conor Hillery and Matthieu Wiltz, have been gauging European investor sentiment. Their recent trip across Europe and the Middle East coincided with geopolitical tensions in Venezuela and Greenland, heightening client uncertainty.
“I think it’s just raising the spectre of uncertainty, so clients aren’t making any definitive assumptions at this stage,” Hillery explained. Wiltz noted, “There is a bit more of a question mark now compared to the first two weeks of January.”
Newsom’s Remarks on Trump
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California Governor Gavin Newsom didn’t hold back in his critique of President Trump during a morning session. He used red kneepads as a metaphor for CEOs who, according to him, “kneel to Trump” and accused unnamed corporate leaders of “selling out to this administration.”
Newsom didn’t shy away from personal jabs either, calling Trump an “invasive species” and stating, “I’m living rent-free in Trump’s head.”
Upcoming Musk-Fink Panel
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Musk is a recent addition to the Davos schedule and is set to speak alongside BlackRock CEO Larry Fink at 4:30 p.m.
Gavin Newsom in the Spotlight
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Newsom engaged with Scott Bessent and was seen giving a wry smile during Trump’s speech, reminiscent of a classic “The Office” moment.
rent free pic.twitter.com/lLB7uVydkf
— Governor Gavin Newsom (@CAgovernor) January 21, 2026
The governor has also been active in media engagements, offering insights on how the Democratic Party and global leaders should approach interactions with the president. Newsom will have his moment on a panel scheduled for 8:30 a.m. local time.
Trump Dominates Wednesday
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Wednesday was all about President Trump, who arrived in Davos following a minor travel delay due to an electrical issue on Air Force One.
The audience responses were mixed. Business Insider reported from the room, fact-checking Trump’s economic claims. In a turn of events, Trump announced the cancellation of new European tariffs, citing an agreement with NATO to develop a “framework.”
