i hope the senate will vote to exonerate the president within the next two weeks. lou: that's it for us. lauren: it is 5:00 a.m. here are your top stories at this hour. the world is watching as president trump arrives in a davos, switzerland. moments from now he will deliver a speech to the world economic forum where he is expected to tout america's booming economy. we're monitoring his every move. cheryl: add another trade win for the president before he steps out onto that world stage in davos, a trade truce has been reached with french president emmanuel macron, your wine and cheese are safe for now, folks. lauren: as president trump gets ready to address the world, back at home his impeachment trial officially begins. we're live in washington as the president calls on republican reinforcement to help defend against the democrats. it is tuesday, january 21st.

"fbn: a.m." starts right now. ♪ ♪ you ain't seen nothing yet. ♪ baby, you just ain't seen nothing yet. ♪ here's something that you're never going to forget. ♪ baby, you just ain't seen nothing yet. cheryl: you're about to see during this hour of "fbn: a.m." and welcome, good morning, i'm cheryl casone. lauren: hey, cheryl. good morning, everybody. i'm lauren simonetti. cheryl: let's take a look at how your money is moving this morning as earnings are getting underway. we've got six dow components reporting this week. as you can see, the dow is down 94, s&p down 13 and-a-half, nasdaq down 47. netflix after the bell today, high interest on that stock for sure. lauren: let's take a look at the close in asia. in china, a deadly virus is spreading, that is leading to

some nervous investors, the travel industry in particular, shanghai down 1 and-a-half percent. the hang seng on a downgrade for the hong kong economy from mood moodies, down almost 3% today. cheryl: taking a look at markets, lot of pressure this morning, we're seeing global pressure on this tuesday. the ftse is down more than 1 and-a-half percent, the cac in paris down more than 1% and dax in germany down a half percent. and we are following breaking news out of europe this morning for you. president trump is set to take the world stage at the world economic forum in davos, switzerland within the hour. he's going to deliver a speech that's expected to tout his administration's success with two key trade deals, a l booming u.s. economy, and new records for the stock market. lauren: it is looking good at home. john roberts is in davos, switzerland with what we can expect. john, good morning. >> reporter: cheryl and lauren, good morning from davos, switzerland where the air is clear and the sun is shining.

it was a quick helicopter ride for the president, the short trip from davos where he touched down earlier this morning. the president will be giving the opening speech here at the world economic forum, giving a little bit of a preview of what he'll be talking about, tweeting aboard air force one, saying, quote, headed to davos to meet with world and business leaders and bring good policy and additional hundreds of billions of dollars back to the united states of america. we are number one in the universe by far. the president will be touting his recent toutingsuccesses witf the usmca as well as the phase one trade deal with china, saying to people that the united states is the best place in the world to do business. it's likely that he'll also bring up his difficulties in crafting a new trade deal with the european union, the president still threatening taxes of 25% on european automobiles if they can't get a trade deal. but potentially some progress with france and the digital services tax.

emmanuel macron saying he had a good discussion on the digital tax, hoping to avoid a tariff escalation. the president tweeted back that he thought that was a good deal. in addition to the speech this morning, the president will meet with the international business council and then he has a number of bilateral meetings today, a busy day. he meets with the president of the european commission, the president of the swiss consistent federation, the prime minister of pakistan and tom h w he'll meet with iraq's prime minister. one of the things the president is doing in davos is to give an indication to the world that regardless of what is going on on capitol hill today, all is well with the white house in the administration. and also illuminating a contrast that is here in davos, switzerland, do doing what he ss is the business of the country while back home in the united states the democrats are trying to take him out. cheryl, lauren. lauren: he yes, the split screen, indeed.

thank you very much. cheryl: president trump is set to head to the congress center very soon. we'll a take those pictures live if we get them and he'll give the speech of t to the world ec. we'll the take all of the live events out of davos for you. as john mentioned in his report, your favorite french wine and cheese will not face higher tariffs, which would have meant higher prices at home. the united states and france have reached a trade truce over france's digital services tax on big technology companies like facebook, google and amazon. that was a 3% tax. french president emmanuel macron has agreed to postpone that tax until the end of this year, 2020, and in return president trump agreed to delay tariffs of up to 100% on, yep, french products, think wine, cheese, even handbags. macron said the two leaders will work together to reach an agreement to prevent any hike in tariffs.

lauren: trade truce, that is one more win for president trump before he does address the world in just a few moments from now. joining me now is vice president of national security and foreign policy for the heritage foundation, james carafano. what do you think the reception for president trump will be this year? >> i think they understand president trump. remember, he's been the president for three years now and i think the world community has figured out how to deal with him. he does come in with a strong position. he didn't just do two trade deals, the u.s., canada, mexico is the largest, most important trading block in the world deal and he wrestled china, one of the world's largest economy, those are bigger than a bread box deals, that's got to give him a lot of street cred. lauren: and a trade truce with the french president when it

comes to taxes and the like. he is making arrangements with many trading partners in the world. he tweeted that he aims the to bring good policy and additional hundreds of billions of dollars back to the united states of america. do you think that world leaders and other countries are going to want to do business with the united states? >> well, i think clearly now if you look -- just look at the numbers, the united states appears to be the most stable and produc productive place in e world to do business. the french are -- look, it's the canary in the mine shaft on digital tax. when people see what the french are getting away with, everybody is going that way. the fact they agreed to take a time out, that goes in the president's favor. all of the international us news follows on top of that. north korea was going to be a terrible surprise. north korea has bun nothing. the president looked incredibly

strong in the middle east, defending american interest and showing restraint against the iranians. on virtually every international front the president looks pretty strong. lauren: james, thank you so much for setting us up this morning. we appreciate it. we want to let our viewers know that president trump is set to leave his hotel and sed for the congress center in davos any moment from now. he will speak at this 50th anniversary of the world economic forum in a little while. stay with us for live coverage of what the president does say. cheryl: 50 years. well, as president trump addresses the world economic forum in davos today, back here at home his impeachment trial is officially beginning in the senate today. lauren: kevin cork joins us live from statutory hall with what we can expect. >> reporter: the calm before the storm at the nation's capitol, we are inside the capitol as you know where the senate impeachment trial is set to get underway. even though the president is at

the world economic forum, before he left he took a shot at chuck schumer who has been explaining about the process here, as the senate now gets a chance to take a peek at its impeachment proceedings. let me share part of a tweet that the president shared before taking off. crying chuck schumer is now asking for fairness when he and the democrat house members worked together to make sure i got zero fairness in the house. so what else is new? republicans so far remain unified in the support for the president whose lawyers say this shouldn't be happening in the first place. >> president trump should not be on trial. he should not have been impeached by the house. he's got a team that is in a sense chomping at the bit, ready to go, because this is our first chance to defend this president with actual due process. >> reporter: jay sekulow from the president's legal team there. house managers issued a

statement that reads in part, the constitution drafted -- the action gets undertoday. i'll be here for you. for now, back to you. cheryl: kevin, thank you. lauren: some other news, several rockets fired early this morning inside baghdad's green zone. cheryl: this as iraq's president is in davos. tracee carrasco has the story this morning. tracee. tracee: iraqi officials say three rockets landed in the vicinity of the green zone but no injuries have been reported. the area in the capital houses the u.s. embassy, government buildings and members of the military. a spokesperson for the u.s. military says they could hear the rockets around the military and embassy areas. this comes as anti-government protests have escalated in baghdad. three testimony testimony t str- three demonstrators were killed yesterday. a fourth person has died in the outbreak of the corona virus in

china. more airports have increased medical screening for travelers. chinese officials say more than 200 people have gotten sick since last month. it's currently not known how the virus is transmitted. and prince harry is beginning his new life in canada. he arrived last night where he will join meghan markle and son archie. on sunday prince harry spoke at an event in london, most likely marking his final appearance as an official member of the royal family. last week queen elizabeth agreed to the couple's megxit plan. that means they need to fund their new life. he could get help from prince charles who has offered private financial support for the first year. speaking of financial stability, some kids really raking in the dough last year for their chores. a study from allowance a.m.a app rooster money shows children between the age of 4 and 14 earned $499 in 2018, that amount

is up 6 are% from 2018. the study says some of the most saved for items were lego sets and electronics. cheryl: i got about $3 a week when i was a kid. i don't think that allowance is keeping up with inflation. lauren: i never got an allowance. tracee: my allowance was irregular. lauren: legos are expensive, by the way. in moments from now, president trump will deliver the opening remarks at at the world economic forum in davos, swits hand. we'll bring you what happens, what to expect a soon as it happens. global stock selloff extending the u.s. futures right now. cheryl: coming up next, the first big tech company since the peek of the streaming -- peak of the streaming wars will report today, netflix, will they heat from disney plus. as the world debates banning facial recognition, the artificial intelligence has a new way to spot you in the crowd even if you don't have moves

like this. ♪ >> come on, guys, what's the holdup? >holdup? cheryl: kind of how i look when i'm dancing. how technology can spot you just by your dance moves. keep it here on "fbn: a.m.." ♪ shake it for me, girl. ♪ shake it for me. ♪ ♪ everything your trip needs, for everyone you love. expedia. for everyone you love. i am not for ignoring the first sign of a cold. i am for shortening my cold, with zicam!

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lauren: president trump is on his way to the congress center in davos. he will speak at the 50th anniversary of the world economic forum in just a bit. stay with us for live coverage of the president's speech. cheryl: back at home, net flicks is set of to report its fourth quarter earnings after the bell today. as the streaming market gets more crowded, can they stay a leader in an industry continue to grow their subscriber base. lauren: let's bring those questions to brett larson. do you think netflix will react positively to all their competition? >> it will be a curious thing to watch. netflix has taken a pretty bad beating on wall street over the past year, the stock is up just 1% over where it was this time last year. it's taken several hits. it's been low. it's been high. they'll you announce earnings today. interesting to note, they recently were talking about their international subscribers. their subscriber numbers are really high worldwide. but here at home, as as we mentioned off the top, they face a lot of competition. we kno know comcast streaming

service is on the way. they face competition from disney plus, hbo max, everybody is getting in on the streaming game. cbs all access, fox nation. ahead of disney plus coming out, ahead of apple tv plus coming out, their stock took a bit of a hit over concerns they would be able to keep pace with all of this. we should note, netflix has a huge catalog of content and a huge catalog of original content, house of cards, hand maids tale, they've got a huge catalog of original content, they keep spending money to create more original content. this is going to be an interesting thing to watch, where we'll have to see where the balance falls between original content, subscriber growth, and competition. cheryl: i will say, the stock took a bit of a hit towards the end of the summer, still $339 a

share, you can't sneeze at that. let's talk about google. their ceo surprising some folks, calling for a temporary ban on a hot emerging technology that we've been talking about with you. >> facial recognition technology, it's interesting whenever google's ceo talks about something, you want to pay attention because google tends to be leading in the artificial intelligence space, in the facial recognition space, them and facebook, facebook has been building a facial recognition engine for quite some time thanks to our photos we share with them for free. google, their concern here is the approach to both artificial intelligence and facial recognition. he brought up a very interesting point, much same way you would look at the difference in technology between self-driving cars and a medical device, we need to have sort of -- sort of take a step back on the technology and say okay, if we're you using artificial

intelligence in airport screening when people go through security, that's one one of handling facial recognition and artificial intelligence. if we're doing it with a camera that somebody puts outside of a retail store, you're looking at public spaces where people are freely roaming around, they didn't -- when you go through an airport, you have to go through security. there's a lot of things that need to be handled here. the eu tends to be leading the way. they have a lot of concern about privacy and they have been really kind of the leader in that. they have are regulations on privacy, the gdpr. google is saying we kind of need to do something like this. cheryl: before you go, what's going on with my dance moves. you know i'm a bad dancer. looks like that's going to be calling me out when it comes to technology and i'm a little worried about that. >> this is the greatest thing. my brother-in-law, lars, i'm sorry your dance moves are so terrible and now we'll be able to spot you. researchers in finland were trying to he see if based on

your dance moves a computer coffing out the type of music you were listening to. instead, they discovered your dance moves are almost like a finger print of who you are. so they're saying it could -- you could potentially do this when you go through security and people are going to be like oh, there's brett. lauren: a lot of us are just awkward, i suppose. keep those moves coming, brett. >> i'll raise the roof. lauren: thank you very much. cheryl: i'd join you on the dance floor any day. you can catch brett on fox news headlines 24/7, sirius xm channel 115. lauren: my dance card is full. cheryl: brett and i will be out there embarrassing each other. lauren: always wanted to say that. cheryl: we're watching red numbers today. we've had so many market records, you can't complain about a few numbers off for the dow on this tuesday, down about 86, s&p down 13 and-a-half, nasdaq down 46 and three quarters. lauren: as democrats gear up for the impeachment trial in washington, the third one ever

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cheryl: once again, we are following the breaking news out of davos, switzerland. you're looking at a live picture of two white doors. this is the world economic forum, the conference center in davos. we are expecting to see the president very shortly. in fact, just a few moments from now. this is the first day of davos, his appearance there, but it's also the first day of his impeachment trial in washington. he is going to be addressing the davos constituents. we will bring those comments live to you from the president. lauren: oven the 50th -- the

president was not there last year. he returns this year. what will he say and what kind of reaction can we expect from the global elite and the financial markets? cheryl: let's bring in david nelson, chief strategist with bell point asset management, jonathan waktel, vice president of foreign for heritage, james karafano, with us as well. a big group to cover all of this, guys, good morning. >> good morning. cheryl: joh jonathan, i want o start with you, 50 years of davos, started in 1971. this is his second appearance there. the reaction -- now they know this president, these world leaders. now they've gotten used to what he's going to say. we think it will be america first, it's also going to be a big message today about the economy. >> that's right, cheryl. i mean, he's three years into his presidency. he's coming into davos actually with good wind behind him. with china, with the trade deal with canada and mexico, the

economy's looking pretty firm and strong and this little win with macron, so he's had a three hits and he's on base and this is quite positive. of course, back l hom home he'sa few pressures. that's not an unusual thing for leaders to come to the forum, domestic pressures is something that all world leaders have to face in one way or another. so even if you're popular or not, you still t a home have a group of opposition that will rasp he et up things -- rasp het up things and make it difficult on the ground. lauren: a lot of business leaders are talking about a green swan event, a climate event and talking about stakeholder capitalism. i'm wondering if this falls on deaf ear as you look at the business leaders jet setting to davos on private planes. >> gulf stream 5, the usual

favorite about the global elite, burns 360 gallons per hour for gallon of fuel. china is now the leading coal capacity in the world today, more than the rest of the world combined at this point. it can't be just america along on this. it has to be everybody. if we're going to work as a team, then let's do that. i haven't seen that. i think that's why the president pulled out of the paris climate accord. cheryl: that will be a big topic, the paris climate accord. this will be a lot about climate change today. we're going to be expecting that issue to come up. at the same time, he'll be coming face-to-face, james, with greta thunberg, the teen environmentalist. at the united nations, there was uncomfortable moments between the two. do you think that will be one of the topics we follow today. >> probably. i don't think he that's going to be the focus of the president's remarks. i don't think it will really distract him from the agenda.

he has an opportunity to really build momentum and folks are looking at things like -- it will be interesting to see if possibly there's suggestions of new trade talks, some of the low hanging fruit like switzerland and taiwan have been pressing the u.s. it's interesting if the president gives clues on the next steps of the trade policy. lauren: the president will have bilaterals with the iraqi president today, the pakistani prime minister, the swiss president as well as the president of the european commission. which of those meetings are you most inp ten tent on hearing wh- intent on hearing what they have to say. >> it's important that we have an understanding with iraq that the troops will not be removed from the country, considering the vast problems we have recently experienced with iran. so i'm quite confident there's going to be intense discussions for national security measures, along with pakistan. we have to ensure we're not going to see a rise in terrorism which is a world threat. i think the president also is very, very concerned about these countries that are not

participating as nato allies, not giving 2% of gdp, we're looking at some of the most wealthy countries in the l world, such as britain, germany, denmark, france, these are countries that rely upon the u.s. for national security. the president is not going to sit back and always be the one at the front of the table ensuring that had they have security. they have to step up and come to the table themselves. between iraq and scolding the nato allies that aren't doing their share of gdp towards security and defense, i think these are going to be some intense and welcoming discussions for the american people. cheryl: geo politics will be a big issue. i want to the take the issue of glow financglobal finance and mo david nelson. steven mnuchin is issuing a warning on digital taxes, the u.k. and italians. mnuchin is with them, kudlow, jared kushner, they're with the president. >> i would think the conversation that he had with macron and the truce that's been

established there, that's probably going to set the tone at this point. i would expect the rest of europe to fall in line. i think they'll do this as a unit here. just to your other comment, the elephant in the room is certainly trade. the conversation is trade on trade has changed around the world. suddenly everybody is a trade warrior at this point. where were the gladiators three years ago. cheryl: mnuchin also said, the phase two trade deal china not necessarily going to be a big bang. that's just coming across the wire. >> that's unfortunate, then. i would like to see a lot. we have to go a lot further on intellectual property at this point. cyber security wasn't even mentioned in phase one. we're going to have to go there as well. it should be a bigger bang than what he's saying, i would hope so. lauren: as we look how world leaders might embrace president trump differently this time than they did back in 2017 when he tried to sell america first, that strategy on the world stage, arguably it fell on deaf

ears, they weren't listening. as we look at what happened with china, phase one, usmca, the europeans and the digital tax in france and his politics, you know, politics by tweet, perhaps that he has another four years in office, how do you think global leaders respond? >> it's such a mixed bag. at the end of the day, the global leaders need the to worry about their people at home and they want to see a strong economy. so if the united states stumbles, if china gets caught in this trade war, that's 50% of the world's gdp. you can't mess around with that. so they're looking very carefully at how president trump gets us through certainly this latest round coming up. you're absolutely right, the issues with copyright infringements and other problems still hang over us in china and we've got to get that straight and it's got to be robust talks

and moving forward. but at the end of the day, what really matters and why they're all watching is trying to see what happens with the u.s. economy and making sure china's -- cheryl: that's the message, james, that he's going to be bringing to this speech. we're going to be taking his comments live. we expect to see the president in the next few moments are from davos. 6.6 million jobs created, james, it's a 3.5% unemployment rate, it is markets at records, 22 records for the dow. i mean, david can address this as well. james, that is something that he's going to show these world leaders look at what i've done with my america first poly. >> i think that's right. and again, trade's been a part of that and he's been an -- he's been you aggressive at trade deals. we may hear something about a u.s., u.k. trade deal. we've got to be fair to our british friends. they actually are paying 2% on nato. the other thing that's important that jessie brought up is two

key meetings, iraq and pakistan. pakistan's important because the u.s. is negotiating with the taliban, trying to make a deal in afghanistan. iraq is important because the u.s. is trying to solidify its footprint in the middle east. so even on the foreign policy front, the president president signaling that he is very aggressive. remember, he was the isolationist, the guy that hated trade. he comes here at the world's leading trade deal maker and is one of the most aggressive presidents in terms of protecting america's interest around the world. it could not be better for him. lauren: he's about to walk out of those white doors as he addresses the 50th anniversary of the world economic forum. what do you expect the president's tone to be today? >> i expect him to be opt optimc about the future and show the world he has led the united states to be on the tip of the spear again economically. our unemployment rate has

climbed to -- we have 7.2 million new jobs. which was not even estimated prior to his election. the congressional budget office was looking at maybe 2 million based upon the policies that were in place prior to him, basically enabling our economy to grow. but we're also going to be looking at a very stern warning with china. people have been apathetic with china. the billions of dollars that china profited off the united states with the intellectual property, but is also a national security risk, they built up the south china sea. they have essentially taken u.s. dollars which we have been giving them and we've been funding the rope that will hang us. the military and defense have been on an uptick. this is a world threat to all countries, not just the united states. so now he's going to be able to come in and say, look, the negotiations i've had with china have worked. despite all of the negative feedback from even the american press. and look at what i've done with canada and mexico and bringing jobs back to the united states. i'm not the president of the world. i'm the president of the american people. and he is there representing us and he's not concerned about these impeachment hearings

because right now he is showing that he can walk and chew gum and he's got the best interest of the united states on his mind 24/7. cheryl: joh she brings up sog interesting there, it's about protectionism. this isn't just happening in the united states, we're seeing russia and china also. these are countries that are put being their own economies, their own people, even india is doing this now, they want to be separate. but had that is kind of the opposite of what we've had with nato. that's the opposite of the paris climate aaccord, the opposite of g-7. i'm wondering if the riffs between the countries will start to manifest themselves in davos this week. >> i would expect to see some sort of flair-ups and tensions over that. look at artificial intelligence and what the world is facing, the united states looking at china and concerned about how fast things have been going in that country. and our ability to react where we don't have a state economy and control things, we have a free open society here. and sometimes that creates maybe

some he slowing down in progress in artificial intelligence whereas the chinese are hell-bent on getting there first, the indians and russians are looking at this. they understand this is the new race. and getting there first. it's inevitable that there will be tensions. it's just the world we live in. cheryl: there's a lot less cooperation is my point. we're going to really see that. >> absolutely we are. really what's important, though, is there are values that the ud states holds that are in common with other western nations and at certain points we have to of course focus on that and look at counter-terrorism efforts, look at unfair trade situations that are happening, looking at societies that are oppressive in grotesque way as we've seen in iran. these things we have to pay attention to because at the end of the day we are you human and should care about the well-being of our fellow people. lauren: speaking of values, american l values, western values used to be capitalism as the billionaires are at davos d.

a new poll shows the majority of people around the globe says capitalism does more harm than good around the year. >> capitalism has its flaws. there's a lot we can do to improve it at this point. we're talking about stakeholders right now. if you extend it too far, you start taking the power away from the investors, placing it in the hands of employees, trade unions and others, you start to look a lot more like europe. and if you're worried about minimum wage, minimum wage gets a lot worse when there's no wages at all and the minimum wage suddenly becomes zero. i would be very, very careful there because there's going to be a lot of volatility in the markets over the next couple months because we're about to challenge an economic system that's been in place since the dawn of the republic at this point. we don't know what's on the other side of that. certainly there are things can be improved. i think i'll of us would embrace

that. to push it so far to the left and throw away what's been worked out for the last couple hundred here's in this country, the economy that is the envy of the world at this point and playing out in davos today, i would be very suspect of that. cheryl.cheryl: we're looking ao pictures on your screen right now. if you're just waking up and join "fbn: a.m.," we are waiting for president trump, he'll be addressing the world economic forum in davos, switzerland. you've got the famous white doors, we've also got the stage. that's where the president will sit down and talking with klaus schwab who founded davos back in 1971 and james, what's interesting about the evolution of davos, in all of these years over the last 50 years is kind of how the tone has changed. i mean, it's a sleepy, small, swiss village that's overrun by ceos and politicians and 14reb89 celebrities. my -- celebrities. my point is, we're seeing i

think a little bit of a shift away from global unity, if you will, james and that's going to be interesting to watch this week. >> i don't know. i don't know if the world's ever been unified. i think one of the really interesting stories at davos has been the chinese. the chinese for years came there, they pedaled their shtick and everybody was fine with it. the real news is the sullying of the chinese brand. who would have predicted the chinese would come in looking so bad, hong kong, the elections in taiwan. the unite.worldwide, i think pee looking at china, recognizing that their davos shtick isn't the reality, that they're a bully economy. there are people that are trying to manipulate the capital is particular system for their own gain. china is the number one guilty of that and i think the real news is china doesn't show up here, it's not everybody's

friend and donald trump is. who would have predicted that three years ago. lauren: we're looking at the white doors where president trump has arrived at the world economic forum although we do not see him just yet. on the right of the screen is the stage that president trump will be giving his speech at. we did not hear from the president last year, the government was partially shut down here at a home. he will return to that world stage this year, and 4,000 miles away from where the president is, jessie jane, there will be the kickoff of his impeachment trial which is just the third ever impeachment trial in u.s. history, yet you have the president portraying leadership that he can, as you say, jessie jane, walk and a chew gum at the same time. >> oh, this is exciting to see the president not get his feathers ruffled over things that are a distraction. he's very confident that he will overcome the impeachment, confident he'll be innocent and now he'll come out and show the world he can run a country. cheryl: we're looking at the --

let's listen in to president trump. >> most important people in the world and we're bringing back tremendous business to the united states and they're all here to see. i'll be making a speech and then we'll be leaving shortly. but i think it's very important. the other is just a hoax, the witch hunt that's being going on for years and frankly it's disgraceful. but we look forward to being here, klaus has done a fantastic job and again, we're meeting with the biggest companies in the world, the biggest businesses in the world, and world leaders, all for the benefit of the united states. we look forward to the meetings. >> [ indiscernible ] >> i'm a big believer in the environment. the environment to me is very important. thank you, thank you very much. >> what's your message to the senators at the trial, sir. cheryl: what the president was actually referencing there just now was he is going to have a big dinner tonight with a lot of global ceos, business leaders.

a lot of the leaders are going to want a little more certainity from the be president tonight about his plans for 2020, even though it's an election year. because you can't do business in an uncertain environment and that's caused l volatilit volate market. >> the president has changed over time. before we get too scared, i would point out to investors that the president knows full well that where the economy is, where the markets are a year from now will likely spell the success or failure of his re-election bid. i'm pretty confident what comes out of here will be pretty kv pv lent. laurenconfident. rob.lauren: the dow is up 60% d the broader market up 65%, that's a tough record to beat. what surprised me, james, as soon as we saw the president, he walked out of the white doors and he addressed the press. he addressed impeachment right off the top. he called it a hoax, and then he

went on to say you're going to hear more from me, we're speaking about the economy. i'm talking to business leaders and we're going to talk about the environment. >> yeah, i think the president's in a very strong position. as it moves to the senate and the republicans set the rules, there really is an opportunity for the president to kind of tell his side of the story. we deal a lot with the international community here. i don't find anybody that thinks this president is going anywhere or he sees his agenda being hurt by this. there's a lot of curiosity about what this impeachment thing is, but everybody sees it for what it is, as a side show. and so i think the president's actually taking advantage of that. s he's using impeachment to say, look, they're coming after me and it's not working. i'm looking even stronger. and engaging with the business community i think is one of the things that this president really promised to do, a president that was going to go and advocate for american businesses and the american economy. so i think we're seeing a

preview of some of the themes that we're going to be seeing the president lay out as he moves towards his argument of why he should be reelected. cheryl: jessie jane, we expect to be the message from the president, again, we're watching live pictures from the opening ceremonies in davos, switzerland. then the president's going to be taking the stage and we do expect him and white house officials have told fox he's going to talk about the economy, he's going to talk about jobs, he's goings going to talk about successes with trade agreements he a has cut with the usmca and the phase one trade deal with china. does a that message get lost you amid this impeachment battle? >> not necessarily. because the president takes the bull by the horns. he will talk about the impeachment himself and then flip the script and say they're trying to impeach me despite all of the success. he he's basically mocking the democrats, which is fine, because he needs to. who else will. he doesn't shy away from the controversies which is probably why he got elected. he was not a afraid to speak his mind and he will come out and

because they're attacking him, he defends himself and speaks openly about it and then he flips the script and talks about all of his success and i'm quite confident many of these world leaders are scratching their heads, thinking we would love to have an economic surge like the united states and yet they're trying to impeach this man. they're thinking americans are crazy right now. at least they are, those that don't support the president. like what are they doing. they despice him because they lost power? most of these world leaders are desperate to get the formula that president trump has figured out. and his formula was don't shy away, go after those who have suffocated your country and ensure that you're able to rise, this globalism has basically ensured the united states didn't have economic prosperity. and when he ripped that away and said i'm going to put america first, it's worked. they need to take a little message from his playbook right now. lauren: that he does have a phase one trade deal with china, he does have the usmca and of course the trade truce with

france, his message could be even stronger when he touts the economy today. >> it could be. china was certainly an important dynamic. but europe is a trading partner, dwarfs china, so it's very important what we get out of there. i'm confident that he's going to come away with goodies, packages for this and i think he's done an you amazing job in his years in office and i think jessie jane points out the elephant in the room and the fact that trump recognizes the elephant in the room and is willing to speak about it. and went after china, nobody else was willing to do that, he did it. cheryl: there was a chinese official that will be on the ground in davos, to your point. so object hav obviously the tras something the markets have been watching. the markets have been watching as we go into 2020 what the next steps are going to be for the united states. we still need to figure out what we're doing with regards to the europeans, there terror threats going on even though we backed away from our threats against the french and then you've got

phase two of china that at some point needs to be addressed, although it's likely not going to be until after the 2020 election. >> you're absolutely right, cheryl. it's certainly no certain future that we're looking at and the united states is still the biggest economy and what happens here matters. it influences everything. they're going to be looking to the president and probably get assurances that america's open for business. the american economy is strong. there is a lot of good investment that can happen in the united states and they want to have that. the rest of the world wants the to look to that as sort of a rock, something to at least hang their coats on and feel at least some confidence. but indeed the impeachment trial set aside the president's going to come out as i mentioned. it's all about the united states doing great and the place to go for investment. but where the trade conflict goes with china, the president has not been shy about opening things up and absolutely we need

to get that correct. because moving forward, the chinese do have a lot of advantageses and they will take advantage of us. cheryl: let our viewers know that is klaus schwab that is speaking right now. until the president comes out, we'll stay with the panel right now. lauren: he's the founder of the economic forum, he is introducing president trump who will speak at the podium moments from now. the dow is now down 88 points. what the president says to the world as he addresses the world economic forum and televise this live for you, that will move the markets. his tone will be analyzed. his message will be analyzed. how he sells america first but also likely says america is not alone as we tackle these problems of climate, as we've been talking about, and trade deals and working together. his message will not fall on deaf ears. >> i think what you're seeing

in the futures right now is largely coming from overseas, the -- lauren: the corona. >> the corona outbreak in china and downgrade of hong kong, nobody has talked about that, major downgrade in hong kong, that was hit very hard today. the futures could easily turn around if we get good news out of europe. cheryl: what they'll be listening to, in particular the economy and here at home, the message again from this president is going to be about a strong u.s. economy. and you know, sometimes that can lift all boats and we've seen that with global markets this year, james. but again, some of those tensions are going to be the underlying moments that we're going to be listening to as lauren mentioned with the president. in fact, here comes president trump, again, he is speaking at the world economic forum in davos, switzerland. let's take the president. >> thank you very much, klaus, and very special congratulations on your 50th year hosting the annual meeting of the world economic forum, a truly amazing

achievement. it's an honor to address the distinguished members of this organization for the second time as president. when i spoke at this forum two years ago, i told you that we had launched the great american comeback. today, i'm proud to declare that the united states is in the midst of an economic boom the likes of which the world has never seen before. we've regained our stride, readies covererediscovered our d reawakened the machinery of american enterprise. american is thriving, america is flourishing and, yes, american is winning again like never before. just last week alone, the united states concluded two extraordinary trade deals, the agreement with china and the united states, mexico, canada agreement, the two biggest trade deals ever made.

they just happened to get done in the same week. these agreements represent a new model of trade for the 21st century, agreements that are fair, reciprocal, and a that prioritize the needs of workers and families. america's economic turnaround has been nothing short of spectacular, when i took office three years ago, america's economy was in a rather dismal state. under the previous administration, nearly 200,000 manufacturing jobs had vanished, wages were flat or falling, almost 5 million more americans had left the labor force than had gotten jobs and a more than 10 million people had been added to the food stamp roles. the experts predicted a decade of very, very slow growth or maybe even negative growth, high unemployment, and a dwindling

workforce and a shrinking middle class. millions of hard working ordinary sit felt neglected, betrayed, forgotten. they were losing faith in the system. before my president sig preside, the outlook was bleak. the world bank lowered the projections for global growth to a number that nobody wanted to even think about. pessimism had taken root deep in the minds of leading thinkers, business leaders and policy makers. yet, despite all of the cynies i had never been more confident in america's future. i knew we were on the verge of a profound economic resurgence, if we did things right. one that would generate a historic wave of investment, wage growth, and job creation.

i knew that if we unleashed the potential of our people, if we cut taxes, slashed regulations and we did that at a level that's never been done before in the his you tri o -- history ofr country, in short period of time, fixed broken trade deals and fully tapped american energy that prosperity would come thundering back at a record speed and that is exactly what we did and that is exactly what happened. since my election, america has gained over 7 million jobs, a number unthinkable. i wouldn't say it. i wouldn't talk about it. but that was a number that i had in mind. the projection was 2 million. we did 7. more than three times the government's own projections. the unemployment rate is now less than 3.5% and at 3.5%, that's a number that is the lowest in more than 50 years.

the average unemployment rate for my administration is the lowest for any u.s. president in recorded history. we started off with reasonably high rates. for the first time in decades, we're no longer simply concentrating wealth in the hands of a few, we're concentrating and creating the most inclusive economy ever to exist. we are lifting up americans of every race, color, religion and creed. unemployment rates among african americans, hispanic americans and asian americans have all reached record lows. african american youth unemployment has reached the lowest it's ever been in the history of our country. african american poverty has plummeted to the lowest rate ever recorded. the unemployment rate for women reached the lowest level since

1953 and women now comprise a majority of the american workforce. that's for the first time. the unemployment rate for veterans has dropped to a record low. the unemployment rate for disabled americans has reached an all-time record low. workers without a high school diploma have achieved the lowest unemployment rate recorded in u.s. history. wages are rising across the board and those at the bottom of the income ladder are enjoying the percentage by far largest gains. workers' wages are now growing faster than management wages. earnings growth for the bottom 10% is outpacing the top 10%, something that has not happened. paychecks for high school graduates are rising faster than for college graduates. young americans just entering

the workforce are also sharing in america's extraordinary prosperity. since i took office, more than 2 million millennials have gotten jobs and their wages have grown by nearly 5% annually, a number that was unthinkable. nobody would have ever thought it was possible three years ago. a record number of americans between the ages of 25 and 34 are now working. in the eight years before i took office, over 300,000 working age people left the workforce. in just three years in my administration, 3.5 million people have joined the workforce. 10 million people have been lifted off welfare in less than three years. celebrating the dignity of work is a fundamental pillar of our agenda. this is a blue collar boom.

since my election, the net worth of the bottom half of wage earners has increased by plus 47%, three times faster than the increase for the top 1%. real median household income is at the highest level ever recorded. the american dream is back, bigger, better and stronger than ever before. no one is benefiting more than america's middle class. we have created 1.2 million manufacturing and construction jobs, a number also unthinkable. after losing 60,000 factories under the previous two administrations, hard to believe, when you hear 60,000 factories, america has now gained in a very short period of time 12,000 new factories under my administration and the number is going you up rapidly. we'll be beating the 60,000

number that we lost, except these will be bigger, newer, and the latest. years of economic stagnation have given way to a roaring geyser of opportunity. u.s. stock markets have soared by more than 50% since my election, adding more than $19 trillion to household wealth and boosting 401-ks, pensions, and college savings accounts for millions of hard working families. these great numbers are many things and it's despite the fact that the fed has raised rates too fast and lowered them too slowly. and even now as the united states is by far the strongest economic power in the world, it's not even close, was going to be close but a lot of good things happened to us and some not so good things happened to

certain other places. they're forced to compete and we compete with nations that are getting negative rates, something very new, meaning they get paid to borrow money, something that i could get used to very quickly. love that. kind of pay -- got to pay back your loan? how much am i getting. nevertheless, we still have the best numbers that we've had in so many different areas. it's a conservative approach and we have a tremendous upside potential when all of the trade deals and the massive deregulation starts kicking in, which will be during this year, especially toward the end of the year, those trade deals are starting to kick in already, the regulations are kicking in right now. and i see such tremendous potential for the future. we have not even started because the numbers we're talking about are massive. the time for skepticism is over.

people are flowing back into our country, companies are coming back into our country. many of you who i know are coming back in with your plants and factories. thank you very much. america's new-found prosperity is undeniable, unprecedented and unmatched anywhere in the world. america achieved this >> america achieveed turnaround by adopting a whole new approach centered entirely on the well-being of the american worker, every decision we make on taxes, trade, regulation, energy, immigration, education is focused on improving the lives of everyday americans. we are determined to create the highest standard of living that anyone can imagine and right now that's what we are doing for our workers, the highest in the world and we are determined to ensure that the working and middle class reap the