i have great experience for me. i have loved it. i've always loved business andi loved it. i've always loved business and i have always been good at building things. i have always been very successful at making money. i would buy some things that were failures and i would turn around, try to get them for the right price and make them successful and i've been good at it. and that takes a certain ability and historically i guess there has never been a businessman or business person elected president. he had to be a general, but mostly it is politicians. in all fairness, i was saying last night, had the opposing party to me thatjulius and, some of her new bat, some of the people in the room, instead of being up almost 50%, the stock market is alp since my election almost 50%, rather than that, i believe the stock market from that level would have been down close to 50%. that's where we were headed. i

really believe that, because they we re really believe that, because they were going to put on massive new regulations. it was choking our country to death. i was able to see that as a businessman. the other thing is i always seem to get a guessable portion of an entire press oi’ guessable portion of an entire press or media. —— a disproportionate amount of media. as a businessman, i was always treated very well by the press, but i always had a very good press, but i always had a very good press, and it was not until i became a politician that i realised how nasty, how mean, how vicious and how fa ke nasty, how mean, how vicious and how fake the press can be. as the cameras start off in the background. but overall, the bottom line is, somebody said, they couldn't have been that bad, because here we are, andi been that bad, because here we are, and i think we are doing a really good job with my team. i have a team

of tremendous people. i really believe it was time, and it was time to do thatjob, because i don't think the united states would have done very well if it went to four or eight more years of regulation and really a very anti—business group of people. we have a very pro—business group. we have regulations cut to a level, any day history of our country, this was reported recently... and one year, we have cut more regulations in my administration than any other administration than any other administration in four, eight or 16 yea rs administration in four, eight or 16 years in one case. we have a ways to go. probably 50%. and we are going to have regulation. there is nothing wrong with rules and regulations, you need them, but we have cut more than any administration ever in the history of our country, and we still have a ways to go. so, i think

between that and the tremendous tax cuts, we have really done something. and one other thing. i saw last night with some of the leaders and business people, i think i had been a cheerleaderfor our business people, i think i had been a cheerleader for our country. everybody representing a country or a company has to be a cheerleader, no matter what you do. a distressed that going to work. the reason i am a cheerleader is because it is easy, because i love our country, and i think we just in really well, and because i love our country, and i think wejust in really well, and he looked forward to you in america. a special place. and freddie are is a special place. and freddie are is a special prize also. thank you all very much, i appreciate it. thank you. thank you very much mr president for being with us. the tea m president for being with us. the team unity and has assembled here, andi

team unity and has assembled here, and i quote you, would certainly be among the heart working men and women who do serve each and every day making this world a better place for everyone. thank you very much. thank you very much everybody. thank you. so donald trump in a very brief question session. you have the very interesting scripted donald trump on autocue, and ended much more natural donald trump speaking much more in his own language. i have always been very successful at making money, i have always got a disproportionate amount of press coverage. he said when i was a businessman, they were all very nice to me, but they were not so nice to me renovating a

politician. question is very interesting listening to those two different donald trump ‘s. but the point is the same — this is a sales pitch of donald trump us america to world business leaders, trying to encourage them to invest all the money they had made in a rising stock market and put eventually america. this is donald trump saying america. this is donald trump saying america is booming, i take credit for that. the stock market has arisen a huge amount under mike leadership, unemployment is down, african—american and apartment is down. at one point, he the best universities, the best workers, and he was subordinated to gather —— he wa nts he was subordinated to gather —— he wants the world community to recognise that. this is something of a victory lap. let's take a quick lesson. i believe in america. as

president of the united states, i will always put america first, just like the leaders of other countries should put their country first also. but america first does not mean america alone. when the united states grows, so those of the world. american prosperity has created cou ntless jobs american prosperity has created countless jobs all around the globe, and the drive for excellence, creativity and innovation in the us has led to important discoveries that help people everywhere live more prosperous and far healthier lives. and that is really the theme of this conference, where they have spoken a lot about there has been this surge in the economic wealth, but how do we make sure that those who are not necessarily benefited up and tell now share from that 12?

donald trump has a very interesting ta ke donald trump has a very interesting take on that, and he is very much america focus. it was the scene of his election campaign in 2015, when he spoke about forgotten communities, in even those have been lifted up giving the course of his presidency. the real question for business leaders lobby, ederson disconnect between what donald trump wa nts to disconnect between what donald trump wants to do and the protectionist attitude that he might have in order to protect american businesses compared to what they want to do. one interesting part of this page, and emma hardy read gathered in a know what he meant, but he talked about the asian trade agreement that america said it was pulling out of, right at the beginning of donald trump us campaign, and he said today that he would consider negotiating either with those countries individually with them as a group, if it is in america's entrance. i do not know if that means that the white house is doing it is good to go back to the table to re—enter the

negotiations, because that would be one of the biggest thing is donald trump has done in terms of extracting america from global leadership. in the first couple of these committee withdrew from this, and it'll also withdrew from the pad isa and it'll also withdrew from the pad is a climate accord, but eddie izza rd is a climate accord, but eddie izzard going back, i guess the question would be what does it mean to be in america's entrance, and would that be possible to do? the other thing that i thought was and to listing was on the level of paediatric regulations. donald trump tea m paediatric regulations. donald trump team into office and said he wants to get rid of two regulations for everyone regulation that the institute. in fact, everyone regulation that the institute. infact, he everyone regulation that the institute. in fact, he said that they have got 22 regulations for every new bill that america has instituted. so thatjulie is a massive campaign of deregulation. again, that would need to be gone over with an economist and fact checker to see what those

regulations work and whether they we re regulations work and whether they were like—minded regulations. i have with smear business correspondent. she has been in steady metabolic speaking to top business leaders during the course of the rig. you have done a lot of interviews during the course of this week, now you have just listen to donald trump. thank you forjoining us. why did you make of that space?” thank you forjoining us. why did you make of that space? i think from the point of view of business leaders and the people i have talked to, it was a very clear speech. he basically had the one message, it was admitted of america is in the strong this position it has been in for a very long time, and he took a lot of credit for that, and therefore it is a place to do business. it is a place to invest, it isa business. it is a place to invest, it is a place to build your new factory, arty invest in a new plant, to create a lots of newjobs. factory, arty invest in a new plant, to create a lots of new jobs. that is the message of deregulation? indeed. i guess you can make the

counterpoint to european countries where taxes are high and regulations and more on this. absolutely. and he was very clear on that point. i am a businessman, i know the president, i am talking business with you. are open for conversation about trade and business, but he was the betty wa nted and business, but he was the betty wanted it to be a fit and reciprocal the messenger. what does that actually mean? as argument would be that the reason he put tariffs on steel products coming out of asia was because he argues that they are subsidising their steel industry, therefore they are able to sell the products in the us a lot cheaper because they are being unfairly subsidised by government, and therefore he is arguing that this is not fair. the tone of this speech... i wasn't healing in ratcheting up. i

wasn't healing that either. i thought the language and when tpp was conciliatory. it was very interesting he should mention that specific deal. he pulled the us out of that deal of very early on. it was a deal that took seven years of negotiations, which was led by president obama at the time. and he immediately pulled the year is out because he believed it was not a beneficial to the united states. i thought it was interesting that he specifically mentioned tpp countries, we are prepared to negotiate with you on a bilateral level if it is in the interests of all. i think he is very much ink, we do want to trade, but it will be an american terms. he also said are possibly even as a group. he has a lwa ys possibly even as a group. he has always said he hates congregated multilateral deals, because he feels

they attack america's hands too much. did you read into that the possibility he may be going back to tpp as a group? it is very interesting, because it is hard to read between the lines as to what he is thinking. canada hasjoined the partnership recently. that was announced this week. whilst that is going on, the north american free trade agreement legacies and our ongoing as well. he has been quite vocal about he has is not like nafta, how he would like the us pull out of it. that's another multilateral trade agreement that the antenna dishes and about at the moment. it is very interesting. there was a shift in the rhetoric here. admittedly because of the audience listening today, we must bear that in men, but i felt that a lot of his speech from the beginning was for the audience at home rather

than the audience here. a lot of it was about the american people and what he has done as a president to benefit them. he was here selling brand america very clearly and taking credit for every thing he has done. stay with us. ijust want taking credit for every thing he has done. stay with us. i just want to listen to a little bit more if we have it. can the replay a clip of what donald trump has just said? have it. can the replay a clip of what donald trump hasjust said? we support free trade, but it needs to be fair, and it needs to be reciprocal, because in the end, andrea trade undermines us all. —— and fair trade. we will no longer turn a blind eye to unfair practices, including massive intellectual property theft, and pervasive state led economic planning. these and other predatory

behaviours are distorting the global markets and harming businesses and workers not just in markets and harming businesses and workers notjust in the us, but around the globe. donald trump speaking. ijoined around the globe. donald trump speaking. i joined by around the globe. donald trump speaking. ijoined by the editor in chief of the economist magazine. speaking. ijoined by the editor in chief of the economist magazinem was pretty extraordinary. i was there before he spoke, and i went into lesson in the room, because i wanted to gauge the reaction nlm. they had mixed frankly the most obsequious introduction, and donald trump start speaking and he is clearly an italo proctor, —— on the teleprompter on his best behaviour. it is almost a year to the date when he gave that speech about american carnage. this is the same country he described as carnage a year ago, now

comic he took credit for the stock market, the seller can —— the strong economy. but it was more interesting when he got off the teleprompter. that is the champ you like. that was donald trump on vintage form. and it is king of engaging. that is when eve ryo ne is king of engaging. that is when everyone pays attention. i have a lwa ys everyone pays attention. i have always been very successful at making money, and i have always got a disproportionate about our press. and i don't know what i've done! it is true that we are all waiting for the next crazy thing, and that is terrible, but when he gets a teleprompter speech, he does a reasonably good job of laying out and making the case that america first is not america alone. i am not sure it is true, because if you go to the details of what they are

pushing, particularly with china, where there was some veiled threats, andl where there was some veiled threats, and i think underneath that it is worrying. i do not think his basic view of america first is that everybody is necessarily true, but he isa everybody is necessarily true, but he is a vintage salesman. and he is also kind of a rock star. it has been extraordinary how he has swept into this time. as you said, the reason it gave a speech yesterday and hallways have empty. donald trump was there, and they were queueing outside for an hour beforehand. this is a place where stardom is valued. you are right. people are at the very least you and perhaps this with dc this celebrity. one thing that struck me, if you polled the people here, the so—called global elite of world leaders, and asked them if you like what he says, what is policies add on refugees and reheat oxalate

africa, they would hit a lot of what he says. but they make a huge out of money. there is a slightly schizophrenic attitude towards him. absolutely. and i think that is the theme of this week. this is the best mood... andl theme of this week. this is the best mood... and i have been coming here from us too long. but people are in an unbelievably good mood. i think underneath that, they brought up for google will have a real sense of concern. google will have a real sense of concern. we do worry that the top recipe for world order is not good. they worry about north korea, about this poem to the global economy coming from unfunded tax cuts in the us. there's a real sense that they should enjoy the party while it is going on. lest i don't do little bit into what is said about the speech. the tpp was a staff i picked up on, but i am not sure what he means in

terms of a trade deal. it is interesting. before the speech, he had hinted that he was willing to renegotiate. from what he said this afternoon, it was not clear. he said he would negotiate bilaterally on as a group. i met him earlier this year and talk to him about it. he was very much about reciprocal fair trade. he thinks it's a balance between two countries is the magic of other it is fair. he does not like multilateral agreements. that is why i was surprised. maybe, but i don't think this is a certain formal shift. just before he came here, he announces tariffs on solar cells and washing machines. he has not come to davos and bang to the table promising prospect of mortality and the potential of a war, because some people were worried that that would

be the person who arrive. he has not done it yet, but that speech was very carefully calibrated for this audience. when you look at what he said other countries that were not claimed by the rules, the characteristics of subsidising exports, and all those things, clearly pointed to china, i do not ta ke clearly pointed to china, i do not take it as a clear signal that there will not be anything else, and i think i might even look to the state of the union as a forum for the rematch suffered torn on china. i think it is very plausible that there will be sanctions on china going forward. that is the area that worries most economically the next few months. thank you forjoining us. this is bbc newsroom live. our latest headlines: donald trump has told global leaders that america first does not mean america alone, and that his country

is open for business. the uk economy exceeded expectations to grow by 0.5% during the last three months of 2017, official figures show. downing street distances itself from comments made by the chancellor — after he said any change to the uk's relations with the eu could be "very modest". uk growth rose by 0.5% in the last three months of 2017, slightly better—than—expected. but the office for national statistics who released the figures said the annual picture remained "slower and more uneven". last year, the economy grew at 1.8%, the slowest rate since 2012. a "deeper relationship" with europe would benefit the uk economy — that's according to the governor of the bank of england. speaking to the bbc in davos, mark carney said that while global growth had accelerated, the uk was suffering a "brexit

effect" in the short term. also at the world economic forum in davos is billionaire investor george soros. speaking at his annual dinner, he criticised tech "monopolies" such as facebook and google, which he called a threat to democracy. he also suggested that social media platforms were ‘obstacles to innovation'. if you think the pot holes in the road are getting worse — well — you're right. the rac was called to 2,830 vehicles that they think had been damaged by pot holes — that's11% more than last year. and it's things like broken suspension springs, damaged shock absorbers and distorted wheels that are costing us more in repairs. and for anyone on two wheels rather than four — it can be a question of life or death. joining me now to talk about this is rod dennis, spokesperson for the rac. why is this happening? it is mainly

due to decades of underinvestment. we talked a lot about the quality of our roads. every look at our major roads, the motor motorways and a roads. they have ring fenced funding, but when we look at local roads, that is read the bill problem is. we tracked this every quarter, we look at how many members are breaking down as a direct result of a direct result of potholes, and as you say there has been a quite significant increase in the last quarter. today, we are basically saying, enough 2018, we should be having ring fenced funds from local bows to make sure they can opt to a standard which drivers and cyclists are comfortable with. potholes a lwa ys are comfortable with. potholes always seem to be with a minor in annotation. is anyone taking it seriously? i think cancer stick this

very seriously, and to be fair, the rna difficult situation. —— i think councils take this very seriously. schools, and hospitals are always going to win out when it comes to roads. but every do not get a proper issue on the issue now, we are just taking the can down the road and expecting things to improve. i don't think i wouldn't want to change, and thatis think i wouldn't want to change, and that is an issue. there is cost benefit on this. how much you have this meant to be able to get benefit. i using you should spend their because if you do not, it'll cost us a great deal more? that is the question about that. the problem is getting worse, and the expected continued will —— the weather will continued will —— the weather will continue to get colder, and by the bank there will be a real problem. uk motorist be a lot of tax every year. if a small proportion of that

was siphoned off and dedicated to improving local roads, we would not be where we are today. we would begin to get our roads up to is done that which is not an accountable, —— more comfortable, but also safer. and some other stories in the news today: the number of company insolvencies in england and wales rose to their highest since 2013 last year. more than 17,000 companies entered bankruptcy in 2017 — that's 11% more than in 2016. personal insolvencies also hit a three—year high according to government figures out today. us retail giant walmart has struck a deal with rakuten, an online grocery delivery service in japan. the world's largest retailer is looking for new ways to grow its international business. it has faced disappointment in the brazilian market as well as in britain from competitive discount retailers, such as, lidl and aldi. china's smartphone market on the other hand is more competitive than ever. for the first time, smartphone

shipments in china have fallen, according to a report from industry analysts canalys. in a saturated market manufacturers are struggling to stand out. huawei though bucked the trend growing shipments by 9%. oppo and vivo were the biggest losers. a quick look at the matters. brett allupa a quick look at the matters. brett all up a bit. quite a good day today. a slightly weaker dollar at the moment. just eat up 3%. just eat the moment. just eat up 3%. just eat the best performer. we will have more later. much more coming up in the next hour. talking more about davos, president trump, but let's have a

look at the weather before that. lots of dry, bright weather around, but not feeling particularly born. you can see plenty of those guys sentin you can see plenty of those guys sent in by an weather watchers. as he moves through this morning, there was a little bit more enemy of cloud in this size is, but it has brightened up quite nicely. spells of sunshine developing, but workload waiting in the wings. an area of high pressure keeping things settled as the move through the day today. lots of dry, bright weather this afternoon. not feeling particularly one, with high winds. we will see high clouds pushing into northern ireland and north—west scotland through the afternoon, ahead of this event which will boost in this evening. it will bring bring to northern parts of scotland. over and

ease, clear skies will allow the temperatures to fall away. patches of fog not out of the question. as we go through this weekend, we will start to seek those weather front pushing end. it will bring rain and cloud, and the also have some fairly tightly packed as a buzz there, so little done windy as we go into this weekend. heavy rain across scotland tomorrow morning. every game for north—west england, and in its bit drier over in the east. always holding on to the best of the brightness of the fathers east you are. then spreading into south—west england. set in a call and ease with the brightness. patches of mess than five but it will fairly quickly in the morning. they heaviest rain in the morning. they heaviest rain in the morning. they heaviest rain in the morning. it will make s3 is becoming lighter and patchy. some fairly heavy, thundery showers for

scotland, and some severe gales in the far north of scotland. temperatures in the double figures thanks to milder air. it will continue to work in from the south—west as legal through into sunday. for many of us, sandy will bea mild sunday. for many of us, sandy will be a mild date. and the size, it will be mild. a little bit cooler further north. temperatures, highs 13 or 1a celsius. change as we move into the weekend. now the temperatures from any of us on the way. windy as well, particularly in the far north and north and saturday and some rain at times. hello, you're watching afternoon live. today at 2: donald trump tells global leaders america is doing fantastically well — but america first, he says, does not mean america alone. there has never been a better time

to hire, to build it, to invest and to hire, to build it, to invest and to grow in the united states. america is open for business and we are competitive once again. as david davis prepares to outline the uk's approach to the next round of eu talks — a tory row over what the approach should be. some of the bbc‘s leading male presenters have agreed to take a pay cut after revelations over equal pay. two bears — badly burned in last month's california wildfires are back in the wild — after doctors used