Organize private jets, billionaires, expensive snowshoes, late-night parties and climate change talks over coffee at the World Economic Forum (WEF) in Davos, Switzerland.
The annual event returns in mid-January for the first time since the start of the COVID-19 pandemic. This year’s theme is Cooperation in a Divided World.
The five-day confab, which kicks off on Monday, will attract the world’s elite, from politicians to pop stars.
Some of the big names in the snow will range from Davos veterans JP Morgan CEO Jamie Dimon (new Q4 earnings and new interest rate warning) to Qualcomm CEO Cristiano Amon to musician, tech investor Will.i.Am— the .
Salesforce co-founder and CEO Marc Benioff will also be in attendance after making the tough decision to cut 10% of his workforce this month. Unlike the Spring/Summer 2022 Davos, Benioff will be absent as CEO; his former partner Brett Taylor recently stepped aside to pursue his next venture.
The meeting of business leaders will come as investors are still feeling the sting of the 2022 bear market in stocks and fears of a recession due to rising interest rates swirl. The Russia-Ukraine war also remains ubiquitous.
“As the conflict between Russia and Ukraine approaches one year, economies and societies will not easily bounce back from continued shocks,” WEF Executive Director Saadia Zahidi wrote in this year’s Global Risks Report, adding that “more than four in five respondents expected continued instability. the next two years.”
The report also found that the cost-of-living crisis is the most short-term risk to society. Long-term challenges such as addressing climate change and natural disasters, which are always discussed at the WEF, remain on the table.
In the background, there will likely be concerns about the outlook for cryptocurrencies in the wake of the FTX collapse. And Tesla’s share price plunge at the hands of Twitter owner Elon Musk may get some attention at the exclusive gathering.
Yours truly and Julie Hyman will be on site all week with great interviews streaming 24/7 on Yahoo Finance Live and the YF YouTube channel. Bring your coffee… and a warehouse watch list.
Brian Sozzi is a great editor and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi: and on and on LinkedIn:.
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