announcer: this is bloomberg technology. caroline: welcome to a special edition. mike: i'm mike sheppard in washington. caroline: we are moments away from the main event in davos, switzerland. it will be followed by q&a. those coming from a number of select ceos. we have a lot to be listening to from leaders in energy, finance.

we want to set up the second term swearing in a donald trump three days ago. kailey leinz from d.c. with a preview. he's been busy in three days. he will be asked questions on policies. >> we heard from the 47th president many times. he's given speeches and taking questions. we've heard him speak on many of these subjects. business leaders may be seeking clarity. reporters in the u.s. have been focused on domestic issues. they likely want to know what will be up with the economic policy. we have yet to get clarity on tariffs. he suggested february 1 he could implement a 25% tariff on all goods from mexico and canada and

10% tariffs on all chinese imports. he has not given insight on whether he is still interested in slapping levees on everything the u.s. is importing. they want to know more about that and how it will interact with tax cuts and deregulation that he says can help with inflation. he will face a morse crudeness crowd -- a scrutinous crowd. he has not been shy his first few days in office. mike: he will be addressing an audience of global elites, ceos, a lot of power in davos. p came back to power on a populist message. how do you square the dissidents? -- dissonance. kailey: at his inauguration, in front of his own cabinet, you had billionaires.

very different to the base of the republican party, who have lifted him to prominence. he argues he wants to make america great again. all of it is aimed at protecting american industry, jobs, making sure more is made in america. we've seen him tout the $500 billion investment in ai infrastructure led by masayoshi son, larry ellison and sam altman. it's about a better american economy even though there will be ripples around the world. his base, we see one kind of donald trump. we could see a different donald trump talking to brian moynihan today. caroline: interesting. leaders of business presenting him with questions, charles

schwab will be there, will it be around the focus of finance, energy? assuming ai a nuclear? kailey: it likely will be. on regulations, we are seeing people on the stage now as donald trump pledged to be a deregulatory president. that could factor. the other thing, what kind of commentary will there be around geopolitical situations pertaining to energy, the war in ukraine, the middle east, knowing that could have a business impact? he could face questions from the world economic forum people. there will be no shortage of things to discuss. caroline: pictures starting to arrive a president trump taking

the stand of what will be a videoconference, charles schwab, the founder and chairman of the world economic forum. donald trump, three days after being sworn in. plenty to be discussed, energy policy, tariff policies, immigration. this is a global audience he will be discussing in front of and global business leaders, spanish frank, latin american presidents, brian moynihan, key focus on financials, total, the french energy company, the ceo will be peppering him with questions after a speech we anticipate running 45 minutes. last word. how do we prepare ourselves for the next set of orders?

we can go to the beginning of the speech at the world economic forum. let's listen in at davos. >> we look forward, hearing first from you, discussion with business leaders moderated by my colleague. ladies and gentlemen, the president of the u.s., donald j. trump. [applause] pres. trump: thank you clouse. hello beautiful davos. historic week in the u.s. three days ago i took the oath. we began the golden age of america. the recent presidential election was won by millions of votes,

all seven swing states. a massive mandate from the people up as has not been seen in many years. political pundits, my so-called enemies so it was the most consequential election victory in 129 years. quite nice. with the world witnessed in the past 72 hours is nothing less than a revelation of common sense. our country will soon be stronger, wealthier than ever before and the planet will be peaceful and prosperous as a result of this incredible moment, what we're are doing and going to do. my administration is acting with unprecedented speed to fix the disasters we inherited from an inept group of people, and to solve every crisis facing our country. this begins with confronting the economic chaos caused by the failed policies of the last

administration. over the past four years our government racked up $8 trillion in wasteful deficit spending, wrecking energy restrictions, crippling regulations and hidden taxes like never before. the result is the worst inflation crisis in modern history and sky high interest rates for citizens and even throughout the world. food prices, the price of almost every other thing known to mankind went through the roof. president biden lost control of what was going on in our country, in particular with our high inflation economy and at our border. because of these ruinous policies, total government spending this year is $1.5 trillion higher than was projected to occur when i left office four years ago. likewise the cost of servicing the debt is more than 230% higher than was projected in

2020. inflation rate we are inheriting remains 50% higher than the historic target, the highest inflation probably in the history of our country. that is why from the moment i took office, i have taken rapid action to reverse everyone one of these radical left policies that created this calamity in particular with immigration, crime and inflation. day one, i signed an executive order directing my cabinet to marshal all powers at their disposal to defeat inflation and reduce the cost of daily life. i am posed federal hiring freeze, regulation freeze, a foreign aid freeze and created the new department of government efficiency. i terminated the ridiculous and incredibly wasteful green new deal. i call it the green new scam. withdrew from the one-sided paris climate accord and and at

the insane and costly electric vehicle mandate. we will let people get the car they want to buy. i declared a national energy emergency. it is important. to unlock the liquid gold under our feet and pave the way for a rapid approval of new energy infrastructure. the u.s. has the largest amount of oil and gas of any country on earth. we will use it. not only will this reduce the cost of all goods and services, it will make the u.s. a manufacturing superpower and the world capital of ai and crypto. my administration has begun the largest deregulation campaign in history, exceeding the record-setting efforts of my last term. the biden administration opposed $50,000 in additional regulatory costs on the average american

household over the last four years. i promise to eliminate 10 old regulations for every new regulation, which will soon put many thousands of dollars back in the pockets of american families. to further unleash our economy, our majorities in the house and senate, which we also took along with the presidency are going to pass along the largest tax cut in american history including massive cuts for workers and families and big tax cuts for domestic producers and manufacturers and we are working with the democrats on getting an extension of the original tax cuts, as you know by reading any paper. my message to any business in the world is simple, make your product in america and we will give you among the lowest taxes of any nation on earth. we are bringing them down, even from the original trump cuts.

if you don't make your product in america, which is your prerogative, simply, you will have to pay a tariff, differing amounts, but a tariff well which direct trillions of dollars into our treasury to strengthen our economy and pay down debt. under the trump administration, there will be no better place on earth to create jobs, build factories or growing company then right here in the good old usa. you can see this may be in your wonderful room you are all gathered together so many of my friends, americans, the economic confidence is soaring like we have not seen in many decades, maybe not at all. upon my election, small business optimism skyrocketed 41 points in a single month, the highest ever, there's never been anything like that. softbank has announced a $200

billion investment in the u.s. economy because of the election results. two days ago, oracle, softbank and openai announced a $500 billion investment in ar infrastructure. other companies likewise have announced billions adding to trillions of investment in america and the u.s. and it is reported today saudi arabia will be investing $600 billion in america but i will be asking the prince, a fantastic guy, to round it to $1 trillion and i think they will do it because we have been good to them and i will ask saudi arabia and opec to bring down the cost of oil. bring it down. i'm surprised they didn't do it before the election. that didn't show love. i was surprised by that. if the price came down, the

russia-ukraine war would end immediately. the price is high enough that the war will continue. bring down the oil price and end the war. they should have done it long ago. they are responsible to a certain extent for what is taking place, millions of lives lost. oil prices are going down, i demand interest rates drop immediately and they should be dropping all over the world. interest rates follow us over the progress you are seeing, happening because of our historic victory. the election has become well known throughout the world. a lot of things are happening to countries. there is like shining all over the world they say since the election and even countries we are not friendly with our happy -- are happy because they understand how great the future will be under our leadership. america is back and open for

business. this week, i'm taking swift action to stop the invasion at our southern border. they allowed people to come in at levels no one has ever seen before it was ridiculous. i declared, very importantly, a national emergency on our border immediately halting all entry of illegal border crossers of which there were many and began promptly returning the illegal trespassers back to the place from which they came. that action has already started, strongly i have deployed active-duty u.s. military and national guard to the border to assist in repelling the invasion. we will not allow our territory to be violated, after four long years the u.s. is strong and sovereign and a beautiful nation once again. in addition i'm pleased to

report america is a free nation again. on day one i signed an executive order to stop all government censorship, no longer were log government label the speech of our own citizens as misinformation or disinformation, which are the favorite words of sensors and those who which to stop the free exchange of ideas and frankly progress. we have saved free speech in america and strongly with another historic executive order this week i and the weaponization of law enforcement against the american people, frankly against politicians, and restore the fair equal and impartial rule of law. my administration has taken action to abolish all discriminatory diversity, equity and inclusion nonsense. these are policies that were nonsense, throughout the government and the private sector, with the recent yet

unexpected great supreme court decision just made, america will once again become a merit-based country. i have made it official policy of the u.s. there are two genders, male and female. we will have no men participating in women's sports and transgender operations which became the rage will occur very rarely. as we restore common sense in america, we are moving quickly to bring back strength and peace and stability abroad. i will ask all nato nations to increase defense spending to 5% gdp, which is what it should have been years ago. it was a 2%. most nations didn't pay until i came. i insisted they pay and they did because the u.s. was paying the

difference at that time. it was unfair to the u.s. many things have been unfair for many years to the u.s. before taking office, my team negotiated a cease-fire agreement in the middle east which would not have happened without us, as i think most of the people in the room now. earlier in the week the hostages began to return to their families. they are returning. it's a beautiful site. they will becoming more and more. they started coming back sunday. our efforts to secure a peace settlement between russia and ukraine are now hopefully underway. so important to get that done. it is a killing field. millions of soldiers are being killed. no one has seen anything like it since world war ii, laying dad all over the flat fields. flat field farm land, millions of russians and ukrainians and no one has seen anything like

it. it is time to end it. in america we have big events coming up.next year we have the 250th anniversary of america's founding, so honored to be president during that. that's a big event they have been talking about for 10 years. we have the world cup. in fantino, he was there with you, someplace i think i want to thank him for that. we have the olympics coming up, which i was instrumental in getting in my first term. who would have known by skipping a term, i would get the olympics. i was upset. i got the olympics to come and i won't be president but turned out through luck or whatever you call it, i will be president during the world cup and the olympics and the 250th anniversary. three big events. we accomplished more in less than four days, we have been

working for days, then other administrations have accomplished in four years and we are just getting started. it's an amazing thing to see, the spirit and light over our country has been incredible. under the last administration, our nation suffered greatly. we will bring it back and make it greater, bigger, stronger, better than ever before. i want to thank everyone. i would have been there myself except the inauguration was two days ago. i thought it would be quick to make it the first stop but will get there one day. i appreciate, i heard the audience is fantastic and many friends are in the audience. i will be taking questions now from some distinguish people. thank you all very much. [applause] >> thank you very much, mr. president for that powerful speech.

i think you could hear the applause all the way from davos to the white house. next year it will be better because you can get applause here. welcome to our village next year, we hope to see you. pres. trump: thank you very much. >> we have a great panel with some of the most distinguished business people in the world. let me start with someone you know well, but i think is almost a neighbor of you in florida. mr. steve schwarzman, chairman, ceo and cofounder of blackstone group. the floor is yours. steve: mr. president, i am sure the crown prince of saudi arabia will be glad you gave this speech today.

you have had the busiest four days anybody can imagine. congratulations for that. my question is about some of the things i have observed at davos. terrific forum. i met lots of people. as usual. i have been here 30 years. a lot of the european business people have expressed norma's frustration with -- have expressed frustration with the regulatory regime in the eu. they attribute slower growth rates here because of numerous factors, especially regulations. you have taken a different

approach in this area. if you could explain the theory of what you are doing, how you're going to do it and what you expect the outcome to be, i would appreciate it. pres. trump: thank you very much and congratulations steve, you are a friend of mine, but on a great career, amazing career, and it continues, very inspirational to people. i want to talk about the eu. i have had friends and leaders, my first term, and during this four years, know them well and like them a lot but they are frustrated because of the time everything seems to take to get approved, environmental impact statements for things you shouldn't have to do that and many other ways.

quick example. in the private life, before i had all these things happening, the world is a little different, i have a simple life. you knew that. when i had that simple life, i have a big project in ireland. it had to get approval on something that would have made it better. i got the approval from ireland in week. -- in a week. it was an efficient approval. they informed me the problem is you have to get it from the eu and we think that will take six years. i said you have to be kidding. this was before politics. i said wait a minute, it's not that important. it would have been a big investment. i don't want to go six years. i sent the people to the eu to see if they could speed it up.

it was a six year wait to get a simple approval that ireland gave me in not much more than a week. that was the first time i was involved with the eu. that's a problem. i didn't even bother applying. if i did, i pulled it quickly. i have to be accurate because i don't want to be criticized. you couldn't wait five years to get approval. in a business sense, people are claiming that is the problem. from the standpoint of america, the eu treats us unfairly, very badly. they have a large tax we know about. it's substantial.

essentially they don't take our farm products or cars yet they send cars to us by the millions. they put tariffs on things we want to do. noneconomic or monetary tariffs, those are very bad, and they make it difficult to bring products in to europe, yet they expect to sell their products in the u.s. we have hundreds of billions of deficits with the eu. nobody is happy with it. we will do something about it. the eu has to speed up their process. friends of mine in some of the nations within the eu, great people, they want to compete better, and you cannot compete when you cannot go through the approval process fast. there is no reason why it cannot go faster.

i'm trying to be constructive. i love europe. i love the countries of europe. the process is very cumbersome. they treat the u.s. very unfairly with the vat taxes and taxes they impose. i got a call from the head of a major airline, one of the biggest in the world, and he said sir, could you help us? landing in europe is brutal. they charge us fees for everything. it is unfair. i said how does it compare to china? he said it is much worse. the other thing, they took court cases with apple and they supposedly won a case that most people didn't think was a case. $16 billion from apple. billions from google. they are after facebook for

billions. these are american companies whether you like them or not. they shouldn't be doing that. as far as i'm concerned, it's a form of taxation. we have big complaints with the eu. thank you. >> thank you very much mr. president. we will go to one of your friends in the eu, patrick is the chairman and ceo of total energies. you have a question ready for the president. >> mr. president, energy is at the top of your agenda. it is an honor for me to represent the industry tonight. total energies is the fourth largest company in the world. the oil price, it is quite clear what you expect from us. i will go to gas.

our company is the largest number one exporter lng from the u.s., company. we are a strong contributor and invest in a number of energy products, $20 billion, far from 200 but $20 billion, and we continue the supply to europe. some experts fear if there are too many projects developed in the u.s., energy, this could have an inflationary impact on u.s. to mystic gas price. they recommend a pause on these projects. what are your views about such a pause on investments in energy in the u.s.? what would happen if you have an increased domestic gas price

because of exports? final question important for europe, would you agree to guarantee security of u.s. energy to europe? pres. trump: the last part of your question, yes i would. i would make sure you get it, if we make a deal, you will get it. a lot of people have that problem. they make a deal, then they cannot get suppliedwe would abs. lng is interesting because when i took office for the first term, one of the first things i looked at is two very massive plants in louisiana, a state that has been good to me and i have won it by many points. i felt strongly indebted to it and there were two plants under environmental consideration for more than 10 years. they were costing as you say, you know how expensive they are. they work -- costing 12 billion

and 14 or $15 million. they could not get their permits and they are in review for years, many years, like a decade or more. and i said that is ridiculous. i know about that because in the construction industry i had to go through it but i got good at it after a while. i went and saw the projects and you are talking about a total investment of 25 to $30 billion and it looked like it was going to end. i got them done in less than a week. it was done and completed and when they called them to announce that they were done, the country -- largely countries, japan was involved and another country and some other big investors they could not believe it. actually could not. and i said do not pay any consultants because the only one that got it done was me because it was the right thing to do for the u.s. and the world, but the consultants had nothing to do

with it. the consultants say give us millions of dollars because trump did it. nobody called me about it but i just heard that it was a problem for years and i got it done because it was the right thing to do for the u.s. and beyond. so, i think it is important. i disagree, the more that you do, the lower the price will go. and i would like to see is rapid approvals. we will get very rapid approvals in the united states. with eai plants, many people want to build them. -- with the ai plants, many people want to build them. they are going to build electric generating facilities. under emergency declaration i can get the declarations done myself without years of waiting. we need double the energy we need -- we have currently in the united states for ai to be as big as we want to have it because it will be very

competitive with china and others. i am going to give emergency declaration so they can build immediately. and i think it was largely my idea because nobody thought it was possible. it was not because they were not smart. i told them what they wanted to do was build your electric generating plant as a separate building connected and they said you are kidding? and i said no, you do not hook into the grid which is old and could be taken out and if it is taken out they do not have any way to get any electricity. so, we are going to allow them to go in a very rapid basis to build the plant and the electric generating plant. they can fuel it with anything they want. and they might have coal as a backup. good, clean cold. if there was a problem with a pipe coming in if you are going

with oil and gas and a pipe gets blown up or for some reason does not work, there are some companies that have coal sitting right by the plant, so if there is an emergency, they can go to that for a short-term basis and bring very -- and use very clean coal. nothing can destroy coal, not the weather, not a bomb, it might make it smaller and a little different shape, but coal is very strong as a backup. it is a great backup to have that facility and it will not cost more money and we have more coal, oil, and gas than anybody. we will make it so that the plants have their own electric generating facilities attached right to their plans and we do not have to worry about the utility and everything and we will get rapid approvals. >> thank you. thank you so much mr. president.

we will now go to another's ceo that you know very well, brian moynihan, the ceo and chair of bring -- of bank of america. brian: good afternoon and congratulations and an eventful week for you and your family. five years ago you came here and we walked about what 550 ceos and you can engaged with them about their policies and procedures. this year you are not here and this week was eventful. literally a wave of orders on immigration and trade and many other matters. and so, as a representative of the united states year, we have a lot of questions about what does this mean and how you are squaring this with the clear focus on growth, prosperity, stock market growth, a good bond market and bringing down prices. how do you think about the impact of these orders and how fast they came out and how you will balance with the scorecard

of being successful in both continual gdp growth and bringing down inflation and having a good stock price appreciation for the american citizen? pres. trump: it will actually bring down inflation and bring up jobs. we will have a lot of jobs and companies moving in. we are at 21%. it was 41% and i got it down to 21%. if you look at state and city in many cases it was higher. i got it down to 21% and we will bring it from 21% to 15% if you make your product in the u.s.. we will have just about the lowest rate. the 21 is on the low side worldwide. the 15 is as low as it gets and by far the lowest of the large, rich and powerful country. not even a contest. we will bring it down to 15% if you make your product in the

usa. that will create a tremendous buzz. we are going back to the one year deduction where we did that originally. and that was amazing the impact that that had. the one year deduction which built up over a period of time and then it expires. we will go back to that when we do the renewal of the trump tax plan. we have to get democrats to approve it. if they did not approve it, i do not know how they can survive with a 45% tax increase, because that is what it will be. we've been working along with them pretty well. i think it is hard for a political group to say let us charge people 45% more. we are in good shape. we are doing a reduction for business and small businesses where we will bring it down to 15% which is really something. speaking of you and you have done a fantastic job, but i hope you start opening your bank to

conservators. many complained that the banks are not allowing them to do business within the bank and then they pointed to a place called bank of america. they do not take conservative business. i do not know if the regulators mandated that but you and jamie and everyone else i hope you will bet -- will open your bank to conservatives because what you are doing is wrong. brian: i will say that your friend told me to tell you hello and we are looking to sponsoring when it comes to the summer for the club and next year so thank you for getting that for the united states. pres. trump: thank you very much. >> thank you very -- thank you very much mr. president and now we will go to the executive chairman of santander, one of the biggest european banks. and also in the u.s.. >> mr. president, congratulations on a historic victory. i believe you do not know me as

well as your fellow panelists so a few words, santander is one of the largest banks in the world by number of customers, 170 million which is more than my friend brian and jamie have. and -- [applause] that is coming. >> that was cheeky. ana: we are a big investor in the united states and we have many customers, 12,000 employees and we are one of the largest auto lenders and we launched a fully digital dank -- bank called open bank. we strongly believe banks have a pivotal role in the economy and we will accelerate growth and that is what we are doing on the united states. this is a focus on deregulation and reducing bureaucracy. what are your priorities on

these regard and how fast is this going to happen? thank you very much. pres. trump: thank you and congratulations and i know very much about your bank. we will move very thickly -- quickly and we have done things in the last three days that nobody thought were possible to do for years. it has all taken effect and will have a huge positive impact. money was being wasted on crazy things. the green new deal was such a total disgrace, how that was perpetrated. and it was conceived of by people who were average students, less than average i might add. and never even took a course in energy or the environment. it was just a game. the world was going to end in 12 years. the 12 years has come and gone. it was -- it was going to end,

but these people, and they really scared the democrats. i cannot say the republicans. the republicans could have fought harder to stop it, but it has been a tremendous waste of money. during my four years we had the cleanest air and water, and yet the most productive economy. we had the most productive economy until covid came. we had the most productive in the history of our country by far. and actually, you could look worldwide. we were beating everyone from china to everyone else. and really now, with what we have learned and all of the other things that have taken place, we think we can even far surpassed that. actually far surpassed that. but one thing we are going to be demanding is respect from other nations.

canada, we have a tremendous deficit with canada and we will not have that anymore. i know that it is good for them. as you probably know, you could always become a state. and if you are state we will not have to tariff you. canada has been very tough to deal with over the years. and it is not fair that we should have a 2 billion -- 200 billion or $250 deficit. we do not need them to make our cars. we do not need our -- their lumbar because we have our own forest. we have more oil and gas than everybody. so, just as an example, with mexico we are dealing with very well. and we just want to be treated fairly with other nations, because there is hardly a nation in the world, and i blame this on us and politicians that for some reason, and probably mostly

it is stupidity. you could say other reasons. mostly stupidity, they have allowed other nations to take advantage of the u.s. and we cannot allow that to happen anymore. we have debt, small compared to the value of the assets we have. we do not want to do that. we just want to have debt be obliterated and we will be able to do that fairly rapidly. and a lot of good things will happen. honestly, good things will happen for the world and the people that are dealing with us. allies and the odd allies. one thing really important that i would like to be able to meet with president putin soon to get that war ended and that is not from the standpoint of economy and anything else, but of millions of lives being wasted. beautiful young people are being shot on the battlefield. you know a very flat land. and the bullet -- there is no hiding.

the only thing that will stop the bullet is a human body. and i have seen pictures of what has taken place. it is a carnage and we really have to stop the war and the war is horrible. i am not talking the economy, economics or natural resources. i am talking about so many young people being killed in this war. and that is not including the people that have been killed as the cities are being knocked down building by building. so, we should get that stopped. likewise in the middle east we have made a lot of progress. and i think that is going to come along pretty well. >> thank you mr. president. we know that most consequential relationship in the world is between the u.s. and china. the u.s. has 28% of the global economy and china has close to 20% and that is almost half of the global global g -- global

gdp. we heard that you had a good discussion with the chinese president. how do you see the relationship between the u.s. and china under your leadership? pres. trump: he called me. but, i see it very good. i think that we are going to have a very good relationship. all we want is fairness. we want a level playing field. we have been having massive deficits with china and biden allowed it to get out of hand. a $1.1 trillion deficit is ridiculous. it is an unfair relationship and we will make it fair. we have to make it a fair relationship. right now it is not fair. the deficit is massive. as it is with a lot of asian countries, actually, we have deficits that are very big and we cannot keep doing that. i like president xi very much

and we always had a very good relationship. it was very strained with covid coming out of wuhan. i am sure it strained it with a lot of people and that strained our relationship. we always had a great relationship i would say and i look forward to doing very well with china and getting along with china. hopefully china could help us stop the war within particular russia and ukraine they have a great deal of power. and i mentioned that during our phone conversation with president xi, and hopefully we can get that stopped. we would like to see denuclearization. with president putin prior to that election results, which was frankly ridiculous, we were talking about denuclearization of our two countries and china would have come along.

china has a smaller nuclear armament than us and they will be catching it at some point over the next four or five years. and i will tell you that president putin really liked the idea of cutting way back on nuclear. and the rest of the world we would've gotten them to follow and china would have come along. china also would've liked -- tremendous amounts of money are being spent on nuclear and the destructive capability is something that we do not want to talk about today because it is too depressing. we will see if we can denuclearize and it is very possible. i can tell you that president putin wanted to do it. he and i wanted to do it. we had a good conversation with china and that would've been a non-perl people thing for the planet. >> when you are back here next year, there be a peace agreement with ukraine and russia by then?

pres. trump: you are going to have to ask russia. ukraine is ready to make a deal. just so you understand, this is a war that should have never started. if i were president this would've never started. that should have never been started. and it was not started. there was never even talk about it. i knew it was the apple of president putin's eye and there was no way he was not going in. and then when i was out. that things happened and bad things were said, a lot of stupidity all around and you end up with what you have all around. now you have cities that look like demolition sites with many people killed. the thing that you will see about ukraine is that far more people have died than is being reported. and i have seen that. far more people have died. when you look at a city that has become a demolition site, where

big buildings have been collapsed by missiles hitting them and everything else. and they say one person was slightly injured. no, many people were killed. those are big buildings. that was my business. these are buildings that go two or three blocks long and 20 stories high. they were knocked down and there were a lot of people in the buildings. they announce that two people were injured and that is not true. i think you will find that there were many more people killed in the ukraine war than anyone has any idea. if you look now, so many of the people being killed our soldiers just facing each other's with guns, rifles and drones, the new form of warfare. it is a very sad thing to see. when you see pictures of the fields that i see, nobody wants to see it, you will never be the same. >> thank you very much mr. president on behalf of all of the 3000 participants here in

davos. we really underlined joining us the third day. taking questions here, it is so appreciated. we are already ready for receiving you next year in person. thank you very much and all the best from davos. [applause] pres. trump: thank you very much. francine: the president and ceo wrapping it up having just spoken with the united states president donald trump as he addressed davos. just to run through some of the key focus is, his election win is where he focused and then tackling crime, immigration, energy, inflation and powering ai in the u.s. with coal, tackling trade policies and relationships. he spans china, the e.u. spanning the legal action being

taken against meta, google and apple. concerns about the russia and ukraine more. and a view that oil prices need to calm down to ensure peace and calling on saudi arabia to up its investment in the united states to $1 trillion also to reduce energy prices and oil prices more broadly. and then tackling the future focus of china. let us wrap it up with lisa who is out in davos. what was it like to be there and what did you think about the statements and questions being made? lisa: i will say and thank you for having me. the line outside of the congress center where he will be broadcast was the longest i have ever seen in my years coming to davos. there were people standing there for an hour and a chance to be in that room which gives you a sense at a time, the last day when a lot of people are gone of how important people would be --

thought this would be to listen to. the fact that he did take the time the message was very interesting in terms of international outreach. in terms of the main takeaways, for me at least respect to your question about what the main questions were, he wants lower oil prices and he will ask saudi arabia for a $1 trillion investment in the united states and he wants opec to lower prices and he wants to quickly remove some of the constraints around regulations and permitting for energy projects. number two he wants lower interest rates for the united states and around the world, really trying to make that a priority. and then the tit for tat but very much negotiation was interesting. he had a much more constructive tone towards china than potentially in the past. i will say that it was notable to me his comments to bank of america saying open your bank

for business to conservatives and saying jamie, you two. it shows the overhang and the reason why dei and esd are not relevant at this particular davos at the same time there some of his initiatives speak to those same issues but very much in economic terms. either way, a very interesting speech for cap four days of really intense economic conversations. >> a question about the attendees and the mood in the room. you have spoken to a number of them during your time ahead of the speech. was the message and his responses to the questions enough to satisfy what they wanted to know going into it? lisa: there is still a lot of uncertainty on how they will strip away regulations and how quickly they will get permitting. i thought that steve schwarzman's question was interesting and speaks about how much european leaders will be

talking about what they will do to emulate some of what donald trump is talking about in europe. i think these all address the issues. i do not know if he gets into the nitty-gritty because people want to see what is negotiation and what is reality. that will not be answered in a speech today but the fact that he messaged in and of itself is interesting. he still thinks the rest of the world will be doing well and that is what is interesting given the fact that maybe he does not even care about doing business elsewhere. francine: lisa abramowicz from davos, we thank you so much for coming late and wrapping up that key speech from the president of the united states. it is notable that he referenced artificial intelligence and money to be the world capital for it and thinking how you are going to provide energy. this is all on the back of the enormous $100 billion and up to $500 billion investment that was announced by larry ellison.

we had sam altman. on the back of that, elon musk and sam altman are feuding about whether the money is real for stargate. let us ring in max who knows about what is going on. max: elon musk in san alterman are cofounders of openai. they are now locked in a lawsuit over that beginning and our competitors. the thing we saw starting yesterday is that elon musk went on twitter and said that this big announcement, this date three of the trump presidency and this plan to create 500 billion dollars worth of ai infrastructure is not true. he called the news fake and said that sam altman is "a swindler." and then posted a series of messages to say that altman was secretly a liberal at a time when he was been having a trumpy evolution. really unusual in the sense that

really you do not see the criticism of the big white house announcement coming from inside the white house. >> max, if you are a ceo going to meet with donald trump to talk about business, the way that he just invited them to do, what are you thinking after receipt -- seeing this unfold? max: i think that altman and all of these guys are doing their best to give trump what he wants, which are these big moments. these press conferences and a lot of flattery. that is what they are doing and i do not think that will change much. francine: wrapping up very quickly what is an ongoing feud online and we will be back to talk about that more. do not forget to check out our podcast on the terminal as well on apple, spotify andiheart. this is bloomberg technology. ♪

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scarlett: welcome to bloomberg markets. president trump just concluding remarks in davos and we will unpacked what we have to say and track the price action across the markets. let us talk about where the benchmark index stands after stalling initially at the open. yesterday, the s&p 500 turned positive over the past hour. however, semiconductor stocks are under pressure with the stocks down more than 1%. south korea posting strong results but did warn of a potential slowdown in ai spending while europe fell under concern over u.s. export controls. we have texas instruments

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