"Bumping into a leading European chief executive as he left the Congress Centre in Davos last night, I asked for a take on President Donald Trump's speech. "I think we are just tuning out of all that noise a little. Did he say anything we didn't expect? Was there anything new?" He continued: "We are focusing on our investments, on the AI transition, on security, on our three-to-five-year plans." He had been at a dinner the night before and that was also "the mood of the table," American and European."
"Businesses need to sharpen up, he responded, and realize that change is with us for good. On the global stage, Europe can often appear to speak with one voice. But it is more nuanced than that. At our event at USA House, Nigel Farage, leader of Reform in the U.K., spoke about the reaction against globalization-a reaction he supports-and said that Trump was a success."
Business leaders at Davos are increasingly tuning out presidential noise and concentrating on investments, the AI transition, security, and three-to-five-year strategic plans. Fortune hosted panels at USA House featuring corporate and financial leaders including Novartis CEO Vas Narasimhan, BNY's Robin Vince, Kellyanne Conway, Mark Penn, and Ray Dalio. Dalio urged executives to step back from daily operations and focus on long-term trends such as geopolitical conflict, indebted western governments, and major technological shifts. Executives expressed respect for President Trump while prioritizing other pressing issues and risk management. European political reactions remain nuanced, with some figures endorsing anti-globalization.
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