CNBC Business News Update - Market Midday: Stocks Lower, Trade War Fears Rise, Netflix Reports After Bell 1/20/26

Episode Date: January 20, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Ettinger, CNBC fears of a global trade war again. And the market sell-off continues this afternoon. The Dow is down 506 points. 3M shares are leading the Dow lower, down 7%. The S&P 500 index is down 80 points. That's 1%. The NASDAQ falling 32 points off its earlier low. That's 1.3%.

Shares of Invidia are down more than 3% this afternoon. President Trump threatening new tariffs over a U.S. takeover of Greenland against the countries that aren't going along with that idea. NATO members facing tariffs increasing to 25% until a Greenland purchase deal happens, and in turn, NATO countries are working on possible tariffs against the U.S. The latest escalation around the trade conversation between Europe and the United States, where at Greenland is infusing a new uncertainty into the market conversation. I think many of us started the year thinking that the trade issue is kind of winding down.

And here we are again. That's Morning Stars, Philip Straitle on CNBC. The World Economic Forum is on in Davos, Switzerland. President Trump will speak there tomorrow. He'll also speak live on CNBC tomorrow. Many American CEOs and business leaders are there. Bitcoin, down to 90,000. thousand dollars. Golden silver hitting fresh all-time intraday highs today. The gold bugs always felt

listen one day you're going to wake up and say you know what gold was the safe haven not crypto. Yep. And I think we've woken up and said that. A lot of people feel you need a bit of a safe haven because when you wake up and you see a lot of true social comments, you tend to get a little chill yourself. No doubt. And we don't know what's going to come next. Right. NBC's David Faber with Mad Money host Jim Kramer. Bridgewater founder, billionaire Ray Dalio, with an observation from Davos on CNBC. The monetary order is breaking down. What I mean by the monetary order is fiat currencies and debt as a storehold of wealth

is not being held by central banks in the same way. There was a change. The biggest market to move last year was the gold market, far better. than the tech markets and so on. And the U.S. markets underperform foreign markets. Earning season continues. Netflix reports quarterly results after the closing bell today. Since Netflix no longer reports subscribers as it diversifies into advertising, the key number in focus is revenue growth. It's projected to be up 16.8% from the year ago quarter that's slightly slower than the third quarter, 17.2% growth. Investors will be examining

earnings to see what the quarterly numbers say about Netflix's reason to do the Warner Brothers Discovery Deal. CNBC's Julia Borsden. Number one at the weekend box office over the long holiday weekend, Disney's Avatar Fire and Ash for the fifth weekend in a row. Jessica Eddinger, CNBC. CNBC premiere episode of Shark Tank, tonight, nine Eastern. Tomorrow, after he speaks at the World Economic Forum, President Donald Trump sits down with Joe Kernan in Davos on the economy, trade, and geopolitical hotspots. His message to CEOs and world leaders. Tomorrow, CNBC.