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Stocks sell off globally as traders digest Trump message saying he wants Greenland because 'your Country decided not to [View all]
give me the Nobel’https://fortune.com/2026/01/19/stocks-sell-off-trump-text-message-greenland-nobel-peace-prize/
Stock markets went into a global selloff this morning as world leaders at Davos woke up to the news that U.S. President Trump had texted the prime minister of Norway to say that his repeated threats to take over Greenland were based on the fact that he didn’t win the Nobel Peace Prize.
“Considering your Country decided not to give me the Nobel Peace Prize … I no longer feel an obligation to think purely of Peace, although it will always be predominant, but can now think about what is good and proper for the United States of America,” Trump’s message to Jonas Gahr Støre said. “The World is not secure unless we have Complete and Total Control of Greenland.”
The Norwegian government has no control over how the Nobel Committee awards its prizes. Greenland is a territory of Denmark, not Norway.
-snip-
Wall Street’s analysts are broadly agreed that President Trump’s repeated threats to force Denmark to “give back” Greenland and to impose an escalating series of trade tariffs on the U.K. and E.U. if those countries don’t comply are bad for equities globally. They differ only in their assessment of how bad this will get.
-snip-
“Considering your Country decided not to give me the Nobel Peace Prize … I no longer feel an obligation to think purely of Peace, although it will always be predominant, but can now think about what is good and proper for the United States of America,” Trump’s message to Jonas Gahr Støre said. “The World is not secure unless we have Complete and Total Control of Greenland.”
The Norwegian government has no control over how the Nobel Committee awards its prizes. Greenland is a territory of Denmark, not Norway.
-snip-
Wall Street’s analysts are broadly agreed that President Trump’s repeated threats to force Denmark to “give back” Greenland and to impose an escalating series of trade tariffs on the U.K. and E.U. if those countries don’t comply are bad for equities globally. They differ only in their assessment of how bad this will get.
-snip-
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