Marketplace Morning Report

President Donald Trump acknowledged yesterday that he'll need help from Congress to cap credit card interest at 10%. He also talked about this at the World Economic Forum; at another Davos venue, JPMorgan Chase's Jamie Dimon said that capping cards would cause "economic disaster." We dig in. Plus, tax breaks from the "Big Beautiful Bill" should boost the economy (temporarily), and boosting Venezuela's oil production could have serious environmental impacts.

Following the president's intervention in Venezuela, the Trump administration is escalating threats against several sovereign nations. Now, Cuba is set to lose access to one of its main suppliers of oil, adding pressure to its increasing energy shortage and an already struggling economy. This morning, we'll discuss with the BBC's Will Grant. Plus, President Donald Trump’s pivot on Greenland was well-received on Wall Street, and renter affordability is improving.

From the BBC World Service: The world has been reacting to President Donald Trump's announcement of a vague framework agreement over the future of Greenland. The president said that the U.S. will not impose tariffs on eight NATO countries. Then, you might think of corporate bonds as relatively modern, but companies have actually been issuing them since at least the 17th century; so what kind of return can you expect from a bond issued in 1648 by a Dutch water company?

On Wednesday, President Donald Trump spoke in front of international leaders in Davos, Switzerland. There, he touted his use of tariffs to disrupt the global trading system and spoke about his aspirations for acquiring Greenland without the use of force. We'll unpack some of the economic headlines. Then, we'll also discuss yesterday's sell-off of stocks and bonds and hear how Russia's war on Ukraine is impacting European airlines’ bottom lines.

People around the world are using AI more than Americans, a new poll finds. About 40% of adults in the U.S. told pollsters that they used generative AI in the last year. In Nigeria, the United Arab Emirates, and India, that number was about 85%. What's driving the divide? But first: a preview of markets before President Donald Trump's speech at Davos, and a look at the struggle between the Trump administration and the Fed.