U.S. stock futures are selling off in premarket trading as President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States. Trump announced in a Truth Social post on Saturday that eight NATO members’ U.S. imports will face escalating tariffs “until such time as a Deal is reached for the Complete and Total purchase of Greenland.”

The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, Trump said. European leaders have described Trump’s fresh tariff threats as “unacceptable,” and are reportedly considering countermeasures — with France said to be pushing for the European Union to use its strongest economic counter-threat, known as the “Anti-Coercion Instrument. Along with the geopolitical risks, investor focus will be on the World Economic Forum in Davos and Netflix (NFLX) earnings after the closing bell. 

• Oil (/CL) – Oil prices are up 0.9% near $59.80 a barrel, after the Friday’s rise, as Iran’s deadly crackdown on protests quelled civil unrest, narrowing chances for a U.S. attack on the major Middle Eastern producer that could disrupt supplies.

• Gold (/GC) – Gold prices are up about 3% near $4735 and climbed to fresh records, as investors flocked to safe-haven assets on intensifying tensions, after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

• Bitcoin (/BTC) – The Crypto Future is down over 4.5% near 91,200 in premarket trading.

• VIX – The CBOE Volatility Index was flat on Friday and settled at 15.86 as stocks were slightly lower. The VIX is up about 5% near the 20 level as stocks are selling off in the premarket.

• U.S. Dollar (/DX) – The U.S. Dollar Index is lower by 1.00% on the session at 98.406.

• HSBC upgrades Intel (INTC) to Hold from Reduce

• Morgan Stanley upgrades Brinker (EAT) to Overweight from Equal Weight

• Morgan Stanley upgrades Shake Shack (SHAK) to Overweight from Equal Weight

• Aletheia downgrades Micron (MU) to Underweight from Equal Weight

• Morgan Stanely downgrades NetApp (NTAP) to Underweight from Equal Weight

• Morgan Stanely downgrades Domino’s Pizza (DPZ) to Equal Weight from Overweight

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