economy
January 23, 2026
Trump sues JPMorgan, Intel's soft guidance, TikTok's joint venture and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
TL;DR
- Inflation data, specifically the personal consumption expenditures price index, met expectations at 2.8% for both headline and core readings but remains above the Federal Reserve's 2% target.
- Markets rebounded on news of President Trump canceling tariffs and announcing a "framework" for a Greenland deal, though futures indicate a potential pause.
- President Trump is suing JPMorgan Chase and CEO Jamie Dimon for $5 billion, alleging politically motivated closure of his accounts.
- Intel exceeded fourth-quarter expectations but issued soft guidance for the current quarter, causing its shares to drop due to supply constraints.
- TikTok has formed a joint venture to continue operating in the U.S. under a new CEO and a majority American board.
- European leaders are seeking further details on President Trump's "framework" deal concerning Greenland, with concerns about sovereignty raised.
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