5 things to know before the stock market opens on Tuesday

Happy Tuesday. Breaking news this morning: Netflix submitted an all-cash offer to warner bros discovery‘s assets, the latest development in the battle over the media giant’s studio and streaming businesses. CNBC reported last week that Netflix may adjust its bid.

Stock futures are surging this morning as investors exit US assets. The three major indexes are coming off a down week.

Here are five important things investors need to know to start their trading day.

While some of us slept in over the holiday weekend, many of the biggest names in business and politics headed to Davos, Switzerland, to attend the World Economic Forum’s annual summit, which opened yesterday.

Here’s what you need to know:

This year’s theme is “Spirit of Dialogue,” and the WEF warns that the world is entering a new era in which “trade, finance and technology are wielded as weapons of influence.” Ahead of the conference, business leaders surveyed said geoeconomic issues and the spread of misinformation were their top concerns in the short term. CNBC’s “Squawk Box” will be on-site in Davos and interview some of the summit’s key attendees. Amazon CEO Andy Jassy and microsoft CEO Satya Nadella spoke with CNBC this morning. Tomorrow, CNBC’s Joe Kernen will interview President Donald Trump, who is making his first in-person visit to Davos since 2020. President Trump is scheduled to address a forum on Wednesday amid threats of new tariffs and rising international tensions over his push to buy Greenland. U.S. Treasury Secretary Scott Bessent, who is also visiting Davos, told CNBC this morning that President Trump shows the United States is “back.” The event is seen as a hub for deal-making and networking, but some key figures, including representatives of the Danish government and Chinese President Xi Jinping, are not expected to attend.

President Trump said over the weekend that he would raise tariffs on eight European countries unless Greenland is sold to the United States. Representatives from the European Union met in an emergency meeting on Sunday to discuss the levy that President Trump has threatened, saying it would start at 10% on February 1st and rise to 25% on June 1st.

Greenland’s Prime Minister Jens Frederik Nielsen hit back at President Trump yesterday, saying Greenland “will not be subjected to pressure” and “stands firm on dialogue, respect and international law.” European Union member states are reportedly considering counter-tariffs and other retaliatory economic measures against the United States, and European officials announced Monday that President Trump told Norway’s prime minister that his aggressive push for Greenland was a factor in his failure to win the Nobel Peace Prize last year.

Markets did not respond well to President Trump’s calls for higher tariffs, with U.S. stock futures falling overnight, while precious metals and global bond yields soared. Follow live market updates here.

All eyes are on the Supreme Court this week in America.

Economists, businesses, U.S. trading partners and the White House are all still awaiting a court ruling on the legality of many of President Trump’s tariffs, which could come as early as today. Bessent said over the weekend that it was “very unlikely” the country’s highest court would strike down the president’s “flagship economic policy” because he “doesn’t want to cause chaos.”

Meanwhile, sources told CNBC that Federal Reserve Chairman Jerome Powell, who is currently under federal investigation, is scheduled to appear in court tomorrow for oral arguments in a lawsuit challenging President Trump’s dismissal of Fed Director Lisa Cook. Bessent told CNBC in Davos that Powell’s attendance would be a “mistake.”

Parent company of Jeep and Fiat Stellantis It was created through a merger six months ago. But as CNBC’s Michael Weiland reports, the past five years haven’t been good for investors.

U.S. listed stocks are down about 43% since the merger on January 16, 2021, and Italian listed stocks are down about 40% over the same period. Stellantis has been in a tough spot since announcing its 2024 financial results, as it cuts costs to improve profit margins and transition to electric vehicles.

But new CEO Antonio Filosa has been leading the automaker’s turnaround since taking over from Carlos Tavares last year. Filosa is particularly focused on regaining U.S. market share for Jeep and Ram after years of declining sales.

If you think skincare is the only hot product in Korea, think again. Last year, food exports from the country reached more than $13 billion.

Driver: Instant Ramen, also known as Ramyeon. Exports in this category rose 22% to more than $1.5 billion, making it the first food product to have international sales of more than $1 billion.

As CNBC’s Lim Hui Jie reports, cheesy spicy noodles and other so-called “K-foods” are gaining a foothold in the U.S. and China, as well as emerging markets in Central Asia and the Middle East. Analysts link the growing awareness of Korean food to a broader boom in cultural interest in the country’s pop music and TV dramas.

Here’s what we’re looking at this Holiday Shortened Trading Week:

CNBC’s Lillian Rizzo, Lucy Handley, Leonie Kidd, Tasmin Lockwood, Kevin Bruninger, Luke Fountain, Fred Imbert, Sam Meredith, Holly Ellyatt, Lee Ying-Shan, Dan Mangan, Steve Reisman, Michael Weiland and Lim Hui Jie contributed to this report. Josephine Rozelle edited this version.