On Monday afternoon, Democrats accepted a deal from Mitch McConnell to reopen the government in exchange for the majority leader’s solemn swear that he’ll look into the matter of protections for undocumented immigrants brought to the country as children. The agreement capped days of chaos on Capitol Hill, but through it all Donald Trump—who reportedly spent the weekend “watching old TV clips of him berating President Barack Obama for a lack of leadership during the 2013 government shutdown”—was nowhere to be found. The president’s absence was allegedly by design: an attempt by Republican leaders to shield him from the blame game (and a way to tamp down on the Art of the Deal-style negotiating tactics that landed lawmakers in this mess in the first place). But for Trump, the worst part of being sidelined was that he had to miss his inauguration anniversary party at Mar-a-Lago, which robbed him of the opportunity to give a rambling, error-filled speech about his tremendous first year in office.

Luckily, he’ll get to make up for it later this week: though Trump’s attendance at the World Economic Forum’s annual meeting in Davos was initially jeopardized by the shutdown, press secretary Sarah Huckabee Sanders confirmed on Monday that the president and a massive entourage comprised of half a dozen Cabinet members, Gary Cohn, and his son-in-law will still attend the event, if all goes as planned. There, Trump will give a speech promoting his pro-nationalist “America First” agenda, which will likely be peppered with asides reminding the crowd of his victories these past 12 months, real or imagined.

There is some irony in the fact that the president of the United States is descending upon a forum stuffed with world leaders just as the United States emerges from its umpteenth internal crisis under his stewardship. The international community’s trust in the U.S. as a stable entity has been severely diminished, largely thanks to a “lack of faith in government.” There’s a small, deeply unlikely chance that Trump could turn the tables, should he be able to convince fellow Davos attendees that America is a reliable partner, though the odds are roughly on par with those of Stormy Daniels revealing in a new interview that her meetings with Trump were intellectually stimulating experiences. Showing up to the world’s swankiest soiree just after spearheading a fundamental failure in governance is not the most auspicious of signs.

Luckily for the Big Guy, few attendees are expected to actually care about his inability to keep his own government open, which 2013 Trump would have said is all his fault. “No one in Davos gives a fuck about the shutdown,” Cause & Effect host Felix Salmon told me. “It’s a tempest in a teapot, from that perspective. It’s not going to make the plutocrats respect Trump less; they never respected him in the first place.”

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Davos elites still worried about the orange elephant in the room

Despite the fact that stock markets are booming and global economic growth is the best it’s been in seven years, International Monetary Fund chief economist Maurice Obstfeld told reporters in Davos that the good times are unlikely to become a “new normal,” predicting that “the next recession may be closer than we think, and the ammunition with which to combat it is much more limited than a decade ago.” Meanwhile, the loose cannon in the Oval Office has others on edge: