Welcome aboard the aerial. Please sit and enjoy. Please sit and stretch, steep, flip, or the, and enjoy, the aerial, love the way. Hey there from CNN, I'm Chris Ibo with The Five Things You Need To Know for Thursday, January 23rd.
What the world is with this in the past 72 hours is nothing less than a revolution of common sense. President Donald Trump gave his first major speech to global business and political leaders since taking office. Speaking virtually at the World Economic Forum in Davos, Switzerland, he addressed the elephant in the room, tariffs. My message to every business in the world is very simple.
Come make your product in America and we will give you among the lowest taxes of any nation on Earth. But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt. Experts have said tariffs could pass the buck down to the consumer and push inflation right back up. Trump has promised to deliver American energy dominance and is calling on help from foreign oil producers like Saudi Arabia to help lower energy costs.
If the price came down, the Russia-Ukraine war would end immediately. With oil prices going down, all demand and interest rates drop immediately, and likewise they should be dropping all over the world. Trump can't unilaterally force interest rates to go down. Arrowing costs are broadly determined by market forces and central banks.
He added the U.S. has frozen foreign aid for 90 days through his executive action, but he wants NATO countries to increase defense spending up to 5% of their GDP. Days after President Trump declared a national emergency at the border, thousands more active duty troops are heading down there. The U.S.
officials said the initial wave is expected to be around 1,500 troops, but more expected to join them in the coming weeks and months. What will they be doing? Senan's Brazil Alvarez has more details. Well, they're going to focus on operational readiness, on all kinds of air operations, on providing intelligence aboard when it comes to assessing threats and the flow of migrants.
A lot of work that can be done and is often done behind the scenes, but in addition to all of that, they're also sending military aircraft today to San Diego and to El Paso to repatriate those who are already in Border Patrol custody. Exhausted firefighters are now grappling with two new wildfires in Southern California. As of yesterday evening, tens of thousands of residents were under evacuation orders or warnings due to the huge fire, portching swabs of land in Los Angeles and venturing counties. But there is some good news.
A fire official says the latest blaze, the civil feed of fire, has stopped moving forward. Santa Ana winds are blowing against this fire, so we had that in our favor and we also had available aircraft. 255 is from LA City Fire. Don't call this very quickly, and we were able to keep it to only 40 acres.
Meanwhile, in Western Altadena, where 17 deaths have been reported from the deadly heat and fire, residents there are saying that evacuation alerts came late when not at all. LA County officials are now calling for an independent investigation to review the emergency alert system. After being delayed by the LA wildfires, the nominations for the 97th Academy Awards were announced this morning, and it's a good year for musicals. Amelia Perez got the most nods with 13, while Wigget and drama The Brutalist got 10 each.
All three of those are up for Best Picture, while some of their stars picked up nominations in Best Actor in Actress's categories for both leading and supporting roles. The winners will be announced on March 2nd at a ceremony hosted by Colonel Ryan on ABC. Coming up, a lost song by a cultural icon has been rediscovered after four decades. Square note that in hospitality, efficiency is everything.
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That was hot for you, baby. A song by the late team at Turner that's been rediscovered after four decades. It was originally recorded for her 1984 album, Private Dancer, from Rhino Parlophone Studios. But it was reportedly lost and never made it onto the track.
It'll be included in a special Private Dancer anniversary album that's expected to come out in March. All right, that's all for now. I'm Krista Bohener, next episode drops at 3PM Eastern. Until next time.