Stock futures are slightly lower this morning after sinking on Tuesday owing to new tariff threats from President Donald Trump; investors are awaiting Trump's speech today at the World Economic Forum in Davos, amid ongoing tensions related to the president's efforts to acquire Greenland; Netflix stock is tumbling after the streaming giant released earnings and said it would pause stock buybacks to help finance the Warner Bros. Discovery acquisition; Johnson & Johnson shares are moving lower after the company's fourth-quarter profits fell short of Wall Street estimates; and United Airlines shares are rising after its results topped expectations. Here's what you need to know today.

Stocks are pointing to a marginally lower open on Wednesday as markets remain under pressure amid ongoing geopolitical uncertainty. Futures tied to the Dow Jones Industrial Average and the tech-heavy Nasdaq were down 0.2%, while S&P 500 futures slipped 0.1%. On Tuesday, the Dow lost 1.8%, the S&P 500 fell 2.1%, and the Nasdaq sank 2.4%, the worst day for the major indexes since October. Gold futures hit another record this morning—the precious metal was up 2% at $4,865 an ounce recently—as investors seek out safe havens amid the renewed market volatility. The 10-year Treasury yield, which influences a range of consumer borrowing costs, was little changed at 4.29% after hitting its highest level since August yesterday. Bitcoin was at $88,500, down from an overnight high of $90,000, extending a weeklong slump for the cryptocurrency.

President Trump has arrived in Davos, Switzerland to speak at the World Economic Forum and meet with European leaders, after spending the last several days pushing for a U.S. acquisition of Greenland. Trump's speech before government and corporate leaders is scheduled to begin at 8:30 a.m. ET. Trump over the weekend threatened to impose new tariffs on several key European allies, starting Feb. 1, if the U.S. is not allowed to acquire Greenland. Along with addressing those threats and the ongoing political conflict around Greenland, Trump is expected to unveil major housing market reforms focused on improving affordability, including plans to allow 401(k) funds to be used for down payments on a home and restrictions on institutional investors in the housing market.

Netflix (NFLX) shares are tumbling Wednesday morning after the streaming giant issued disappointing first-quarter guidance and said it's pausing stock buybacks to help pay for the pending Warner Bros. Discovery (WBD) acquisition. Late Tuesday, Netflix reported better-than-expected fourth-quarter results on the top and bottom lines, and its full-year revenue outlook was slightly above estimates. But the entertainment giant's first-quarter forecasts of $12.16 billion in revenue and $0.76 earnings per share were each lower than analysts surveyed by Visible Alpha anticipated. Netflix recently amended its agreement to acquire Warner Bros. Discovery to an all-cash one, rather than the previous stock-and-cash offer. Netflix shares were down about 7% ahead of the opening bell, trading at their lowest levels since late 2024.

Shares of Johnson & Johnson (JNJ) are also moving lower this morning after the pharmaceutical and medical devices giant posted fourth-quarter results. Revenue of $24.56 billion topped estimates, but adjusted earnings per share of $2.46 was 1 cent shy of estimates, while its reported earnings per share of $2.10 was well below the $2.43 analyst consensus. Sales grew across both of Johnson & Johnson's key segments, and also grew both in the U.S. and internationally. Shares of the Dow component, which hit a record high of near $220 last Thursday, were down more than 3% at around $211 in recent premarket trading.

United Airlines (UAL) stock is gaining this morning after the carrier reported better fourth-quarter results than analysts had forecast. The airline said after the closing bell Tuesday that it generated revenue of $15.4 billion in the quarter, up 5% year-over-year, while adjusted earnings per share came in at $3.10, which was 11 cents higher than the analyst consensus. The company said canceled flights and refunds to customers because of the government shutdown's impact on the air traffic control system in October and November cost it about $250 million in pre-tax earnings for the quarter. United shares were up more than 3% recently.

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