Bring on the private jets, billionaires, expensive snowshoes, glitzy late-night parties, and climate change talks over coffee at the World Economic Forum (WEF) in Davos, Switzerland.
The annual event returns to its mid-January timeslot for the first time since the start of the COVID-19 pandemic. This year’s theme: Collaboration in a fragmented world.
The five-day confab, which starts on Monday, will attract the world’s elite, from politicians to pop stars.
Some of the biggest names on the ice field ranged from Davos veteran JP Morgan CEO Jamie Dimon (with fourth-quarter earnings release and new interest rate warning) to Qualcomm CEO Cristiano Amon to musician-to-tech capital. Cars will be up to Will.i.Am. .
Salesforce co-founder and CEO Marc Benioff will also be in attendance after making the drastic decision to cut his workforce by 10 percent this month. Unlike the spring/summer Davos in 2022, Benioff will be absent from a co-CEO – his one-time battery mate Brett Taylor recently stepped aside to pursue his next endeavour.
There will be meetings of the top minds in business as investors are still feeling the sting of the 2022 bear market in stocks and fears of a recession are rising due to rising interest rates. The Russia/Ukraine war is also everywhere.
“With the conflict between Russia and Ukraine approaching a year old, economies and societies will not easily recover from continued shocks,” WEF Managing Director Sadia Zahidi wrote in this year’s Global Risks Report. “More than four in five respondents expected continued volatility. The next two years.”
The report also found that the life crisis is the biggest short-term threat to society. Long-term challenges such as climate change and dealing with natural disasters – always on the table at the WEF – remain on the table.
In the background, the FTX crash will likely result in concerns over the cryptocurrency landscape. And Tesla’s stock price drop at the hands of Twitter owner Elon Musk may get some attention in the special gathering.
Your Sacha and Julie Hyman will be on the ground all week with major interviews airing around the clock on Yahoo Finance Live and the YF YouTube channel. Bring your coffee… and a stock watch list.
Brian Suzy is a major editor and Anchor at Yahoo Finance. Follow Suzy on Twitter. @BrianSozzi And on LinkedIn.
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