It’s all eyes on President Trump at Davos.
Business Insider will be in the room when he speaks. We’ll share real-time updates on what he says and how World Economic Forum attendees react.
Follow along here for real-time updates.
We now have an ETA on Trump
“I believe President Trump is going to be about 3 hours late,” US Treasury Secretary Scott Bessent said at a morning presser. “I haven’t seen the updated schedule.”
ICYMI: Trump had to switch planes after an electrical fault was detected on board Air Force One.
The risk and opportunity in real estate
David Steinbach, Hines’ global chief investment officer, didn’t mince words when describing the overall real-estate environment.
“It’s been a really bad few years, honestly,” Steinbach told me. “Really beginning in 2022.”
Rising geopolitical tensions and the siloing of regions can make the environment even trickier. Especially for a company with over $90 billion of assets across 30 countries. Still, Steinbach told me that Hines raised about 50% more discretionary capital year over year in 2025.
“There’s a risk and opportunity, right? The risk is it’s now different. And that’s probably not changing anytime soon,” Steinbach said. “The opportunity is a lot needs to be built now, because you’ve got supply chains that need to get re-looked. You got very directive investments in-country.”
“That’s creating a lot of demand as well,” Steinbach added.
The Trump show aside, other big business leaders will get some airtime on Wednesday
On the schedule for Wednesday: Citadel CEO Ken Griffin, BlackRock CEO Larry Fink, Microsoft cofounder Bill Gates, Nvidia chief Jensen Huang, JPMorgan CEO Jamie Dimon, White House AI and crypto czar David Sacks, and Salesforce CEO Marc Benioff.
A minor bump in the road
Trump ran into some travel trouble en route to Davos late Tuesday. He was forced to switch from Air Force One to a backup plane after an electrical fault was detected on board. Flight maps show Air Force One making a U-turn over the waters off Long Island, then landing back in Washington, D.C.
The president is now back on the road and on his way to Switzerland.
Protests in Zurich ahead of Trump’s arrival
The police in Zurich deployed a water cannon after anti-Trump protests got chaotic, according to multiple reports from local media outlets.
Videos from the scene showed protesters holding up banners, including one that read: “TRUMP NOT WELCOME.”
Zurich is a two-hour drive from Davos. It’s likely that the president will face much less resistance at the ski resort, where executives are clamoring to meet him.
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