Live updates: Musk’s surprise, Newsom’s Trump spat, and post-Trump reckonings

Conor Hillery and Matthieu Wiltz are well-versed in how European investors are feeling.

JPMorgan's co-CEOs of EMEA took a two-week trip across Europe and the Middle East to meet with clients at the start of the year. It corresponded with escalating geopolitical situations in Venezuela and Greenland, making for a unique trip.

When I spoke to them on Wednesday morning, before Trump's speech, they told me clients aren't necessarily looking to pull the plug on things, but the questions are mounting.

"I think it's just raising the spectre of uncertainty, so clients aren't making any definitive assumptions at this stage," Hillery told me. "In the back of their heads, they are starting to think that this could get a lot more complicated than it's been for the last few years."

And even since the trip, the situation is evolving almost minute by minute.

"There is a bit more of a question mark now compared to the first two weeks of January," Wiltz added.

There was a bit of show-and-tell from the California governor at his morning session. He took out a set of red kneepads, which he said are meant for the CEOs who kneel to Trump. He also accused some corporate leaders — he didn't name them — of "selling out to this administration."

No shortage of jabs at Trump, too. The governor called Trump an "invasive species," among other things.

"I'm living rent-free in Trump's head," Newsom said.

He posted negatively about the forum in 2022 and 2023.

Musk is a new addition to the programme — he's now listed to speak with BlackRock CEO Larry Fink at 4:30 p.m.

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Business Insider's Ben Bergman brought us to-the-minute updates from inside the room where Trump gave his speech.

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Newsom sparred with Scott Bessent and, on Wednesday, stared into the camera in the middle of Trump's speech with a wry, knowing smile — giving his best imitation of Jim from "The Office."

The California governor has also been making his rounds with the press, giving snappy soundbites about how the Democratic Party and world leaders should best deal with the president.

This morning in Davos, Newsom will get his share of the spotlight. He's scheduled for a panel at 8:30 a.m. local time.

ICYMI, though we don't know how you could've.

After a slight hiccup in his travel plans due to an electrical fault on Air Force One, President Donald Trump and his team swept into Davos on Wednesday for a much-anticipated speech.

The reactions? Mixed. Business Insider was in the room for his speech, and we fact-checked the president's praise for the US economy.

And after all the panic over Greenland, Trump called off his new tariffs on Europe. There's to be a "framework" in place, per an agreement with NATO, with more to come on what that'll mean.