underway. i.c.e. agents arrested more than 460 illegal migrants including those with criminal histories. the pentagon preparing to send an additional 1500 active duty troops to the southern border by the end of the month. trump speaking about this with sean hannity last night in the oval office. watch. >> the radical left, their philosophies and policies are horrible. they don't work. you look at crime, you look at what's gone on at the border, you have t terrorists in our country by the thousands, murders in our country by the tens of thousands. we have 11,000 people that murdered are free and walking around in our country and prisons from all over the world have been emptied out into our country by biden allowing it to happen. why would somebody say open borders are good. we're jails and mental institutions for other countries and gang members right off the streets from the toughest cities in the world are being brought to the united states of america

and emptied out into our country. maria: so this is an important discussion because the mainstream media oftentimes gets this wrong, calling president trump anti-immigration. that is absolutely 100% incorrect. he is against illegal migration. there are people like my ancestors, like your ancestors who came to america and did it the legal way and did it the right way and they waited to become citizens. that's what president trump wants to do, mark and yet you still have the mainstream media giving us misinformation as if president trump is against immigration. 100% wrong. >> we need smart people here but you've got to go through the process and the 1 10 to 15 million, however many illegal migrants have come into the country over the course of the last four years, they all entered illegally. therefore, they are criminals right out of the gate.

when we look at what's happened over the last four years with the lawlessness that we've seen spread throughout the country, what the heck is the point of having laws, specifically immigration laws, border laws, if you don't enforce the laws. at that point you're conditioning everyone to just ignore the laws, right, and just run around and do whatever you want to do. you've got a bunch of inmates running the asylum. that's not the way the country is supposed to be run. hopefully this is yet another early victory for president trump and he continues to go down the path of deporting even more of these people. maria: and by the way, president trump told me he thinks it's 21 million people, cheryl. but sanctuary cities are now bending to trump's immigration crackdown. new york city mayor eric adams says the big apple will coordinate with i.c.e. to deport people who have committed crimes and are here illegally. in california, officials from huntington beach are voting to become a non-sanctuary cities,

saying they will work with immigration officials. >> we're trying to get rid of them. a lot of the people don't want them. >> would you cut off their money? >> i might have to do that. maria: and a new memo from the justice department demanding federal prosecutors investigate state and local officials in sanctuary cities who obstruct trump's immigration enforcement now, cheryl. >> listen to the people that live in these sanctuary cities. ignore the politicians for one moment and listen to the residents of the cities, whether san francisco or denver or here in new york city. just this morning i was listening to a report about a group of residents in the bronx, they want to put another -- a brand-new migrant shelter in the bronx for single men and these residents are up in arms and they're saying no, we are inundated and we're done and i think that's why eric adams in this city is changing his tune

about -- now, he's got to deal with the state legislature. that's another issue. what we have seen play out like the video from times square where police are getting attacked, have you looked at the rape statistics in new york estimate i know it's early. look at what's happened in the cities. people want to be safe and if you don't stop the criminal migrants, first and foremost, which is exactly what tom homan is doing and exactly what donald trump is doing, then you have residents that are up in arms. gosh, i hope people vote right this coming november. we have a new election in november, maria. i can't wait for it. i think people are going to really speak up. maria: and i think this election last november, yes, it was about inflation, yes, it was about immigration, but it was also about security. i think security on a national level, national security with china on the march, russia on the march, adversaries working against america and also

personal security because people are seeing these stories ovens of venezuelan gangs running ard and crime up in the cities. that too moves people to understand what president trump was trying say in his campaigning, mark. >> yeah. you know, and maria, you brought this up on the show several times but what about the ccp police stations throughout new york city? i mean, there's certainly a high level of national security threats that are involved here and i'm glad that some of these sanctuary cities are realizing, yes, we have to deport any of these criminal migrants but again, a reminder that they're all criminals. they all entered the country illegally. there is a process you have to go through so we can make sure we're bringing in good people who can help to grow our economy and not just be a drain on resources. maria: for sure. all right, we're just getting

started this hour. we'll talk about all of the money coming into america, saudi arabia leaders pledging more than $600 billion in an investment in america. they're talking about trade deals happening over the next four years. president trump locking up 1.1 trillion of new investment in the last three days. we've got all the details coming up on the other side of this break. don't miss it. you're watching "mornings with maria" live from the world economic forum here in davos on fox business. stay with us. ♪ [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. take a swing at your kitchen reno... we meant that literally. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required.

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maria: welcome back. investing in america, president trump securing more than $1 trillion in investment in just two days, the crown prince of saudi arabia has pledged

$600 billion invested in america over the next four years, cheryl casone with the whole story from new york now. >> that is right, maria. president trump and crown prince did speak yesterday, this was the first call for trump with the foreign leader since he returned to the white house, saudi arabia intends to invest $600 billion in the u.s. over the next four years through increased investment in trades, though no specific details were provided beyond that. the saudi press agency writes that investment could go beyond that $600 billion number and that trump's reforms could create, quote, unprecedented economic prosperity. trump mentioned the kingdom in the oval office on monday. watch. >> first part of the trip typically has been with u.k. but we did it -- i did it with saudi arabia last time because they agreed to buy $450 billion worth of our product. i said i'll do it but you have to buy american product and they agreed to do that.

if saudi arabia wanted to buy another 450 or 500, we'll up it for all the inflation. >> you said you were going to end the wars. >> maria spoke with saudi arabia minister of inve investmt back in november. watch this. >> saudi investors including the pif, including our large corporates, pensions, central bank which holds a lot of the national reserves has significant investments in the u.s. in the hundreds of billions of dollars and that's of course going to continue. of course, the u.s. is the world's largest economy. >.maria: how will trump's retun impact u.s. relations with the kingdom of saudi arabia and what can you say about the potential for investing in america right now? >> strategic bonds are too

strong for anybody not to see them. we're bullish in the u.s. for the strong economy that it has. >> president trump has secured more than $1 trillion in private sector investments so far. saudi arabia's foreign minister spoke in davos where you are, he credited president trump with securing the israel, hamas hostage deal which remember that also is something that's very important to saudi arabia, having peace and stability in the middle east. if we can get back to that place. i also remember back in trump's first term his first foreign visit in 2017 was to saudi arabia. maria: yes. yes. his first what, cheryl? >> back in 2017, sorry, back in 2017, donald trump's first foreign visit as president that year was to saudi arabia so this relationship goes back 10 years. maria: for sure. yeah. for sure. and i also think president trump

with the abraham accords was something very important to the saudis and back then people were thinking that the saudis would be next in terms of joining the abraham accords. there was peace in the middle east. it's extraordinary that you hear the saudis crediting president trump for that hostage deal, mark. when you're talking about this kind of investment that we are, $1.1 trillion, you have to point back to the fact that president trump is a businessman and that's what this is all about and that is why having a businessman in the oval office will yield such investments because they understand that they're going to be investing and their money will be treated well with deregulation, tax cuts coming, tapping into america's energy capacity, all of the president's priorities. that is the point. a businessman in the oval office is trying to raise business opportunities in america. >> the art of the deal, right? i mean, he is a deal maker. he makes things happen.

he understands dollars and cents and he loves to win. remember, over the last four years, winning was really not allowed. all of a sudden we have somebody in the oval office who loves to win and he's going to continue to stack wins day after day after day. in regards to the $600 billion minucommitment from saudi arabi, one of the things that hasn't got much attention is we're heading down a path right now where we actually have the potential to begin to run a trade surplus rather than a trade deficit which means we are exporting more than we are importing so the fact that saudi arabia has agreed to buy $600 billion of stuff from us combine that with drill, baby, drill and our goal to export lng, all of that stuff can lead to a trade surplus and when that happens you can close the fiscal deficit that has become a nightmare for american citizens.

maria: yeah. and you know, president trump talked about all of this when discussing his tax cut plans and the critics were saying oh, you know, are you going to cut taxes and you have a deficit that you're facing. his idea is you cut taxes and you increase the swath of people paying in and in fact you're able to raise even more revenue than you expected in the first place, cheryl. >> yeah. all the pay fors we talk about as congress is trying to figure out what they're going to do with the reconciliation package, donald trump is coming up with the pay fors, he's making the policy moves and leading the charge to say this is how you're going to do it and laying out that vision for those members especially in the house that have to do the work. i think also what's interesting is you mentioned the abraham accords, maria and i think about jared kushner and his role in all of that. this is part of the family dynamic that i think also powers him and there's also -- we also saw the arms sale agreement with the saudis back in donald

trump's first term. again, that goes back to peace. that goes back to security. nobody i think wants peace in the middle east more than right now saudi arabia and of course the uae. maria: and i would be watching the saudis with the abraham accords under president trump's watch because i'm sure that he is going to try to get more players involved in the abraham accords in these upcoming four years. we'll take a break. when we come back we're all in on artificial intelligence, it's taking center stage here in davos this year, particularly after president trump's historic $500 billion stargate project. open a.i. one of the backers of the venture and the company's chief financial officer sarah fryer is with me to talk more about it. you're watching "mornings with maria" live from the world economic forum in davos, switzerland. stay with us. ♪

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the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. maria: welcome back. a major investment, president trump announcing a joint venture with open a.i. oracle and softbank this week investing billions into american a.i.

infrastructure. the ceos committing $100 billion to the so-called stargate project upfront with up to $500 billion in the next four years. here's president trump and open a.i. ceo sam altman. watch. >> together, these world leading technology giants are announcing the formation of stargate, a new american company that will invest $500 billion at least in a.i. infrastructure in the united states. >> i'm thrilled we get to do this in the united states of america. i think this will be the most important project of this era and ast as masa said to be but here, to create a new industry centered here. we wouldn't be able to do this without you, mr. president. maria: stargate's first data center will be in texas where construction is underway. joining me to talk more about it here at the world economic forum is open a.i. chief financial officer sarah friar.

congratulations to you, your company, sam altman ment this is a huge investment. >> stargate is exactly as both the president and sam just said. it's unlike anything we've done before. $500 billion investment. why? we want more compute that builds better models which answer more complex problems and hence solve more things for people. second, we're investing in infrastructure. infrastructure is destiny. and when we invest that brings more investment into the united states and clearly starts to create more economic outcomes. and third, it's going to bring jobs. hundreds of thousands of jobs. it's going to help with the upscaling, rescaling that needs to happen in the new a.i. economy and finally, national security. we shouldn't forget that either. maria: i want to get back to national security. i'm glad you brought that up. tell me about open a.i. and where is it being deployed, chatgpt, who is buying it? is it consumer or business more?

>> it's actually both and i love that. it's great to drive a business where when you talk to a ceo often their first story is a personal story and then they get to the business topics so they're already won over. 300 million people around the globe using chatgpt today and it's been growing at an incredible clip. we've been adding tens of millions almost every month. in the business context we see it across almost every vertical. it's revolutionizing healthcare, education, financials. i've had great interactions with customers in davos. i was actually with financial. financialinstitution whose wall to wall chatgpt, they have 2600 chatgpts deployed. the best story was when they turned around and said thank you and i was like why and he said my wife works for unicef, unicef is translating kids' books for kids who have a disability, they might be blind, for example, across nations that can't afford schooling for a child that might be dealing that and you are

making a difference in those kids' lives by having chatgpt create a new way for them to experience that material. might be auditory, more visual, whatever they need for their particular situation. maria: you mentioned healthcare, education, also i think the automotive industry as well. tell me the big promise or opportunity in healthcare. >> so in healthcare, it's really two things. it's definitely an efficiency gain. so just think about how much our health professionals spend on things like documentation. my brother's a doctor and he often complains about how much time he spends writing on charts instead of spending time diagnosing and helping patients. beyond that we're seeing it used in drug discovery. moderna is a very good example. they have chatgpt deployed throughout the research organization and they have an a.i. bot called dose i id that helps personalize how the medicine can be administered and make sure it's the best for you, versus me, we're different genetically so how do we make

sure the right amount of a given drug is given in the right place. maria: really fascinating. what are you seeing in terms of i.t. budgets. when we first learned of open a.i. and chatgpt it was largely the technology sector that was investing in chatgpt and investing in a.i. in general. are you seeing a big broadening out of that for corporate america and corporations across the world? >> absolutely. i mean, davos this year i don't know -- i wasn't here last year but for me and my colleagues that are here it's just been nonstop customer meetings and it is as you said across every sector. we definitely see sectors like healthcare, financials, a little ahead of the pack. morgan stanley is a great example. bbbas is a really good example. however, when you look at where we're going, i don't think there's a single ceo i've spoken to that doesn't know they need to be deploying a.i. now, globally the u.s. is leading the pack and i think this is something that particularly in a davos setting we're trying to press on ceos, europe is a good example, of

meeting with us to not be playing catchup because that's when you start to see the big divergence in gdp growth for example. maria: and we are seeing that divergence between the united states and europe and there are structural reform issues that need to happen in europe. what do you want to say in terms of a.i. changing that? >> yeah. so i think this is a place where government can actually come to the table. first of all, government should be deploying a.i. and many, many are. whether it's u.k. government, fuelactually when i was in parir the opening of our paris office the end of last year i spent time with the unemployment agency in france and they deployed gpts to help unemployed folks match back to jobs that are existing and to get them back to work faster or to help them reskill if they need to reskill which i thought was an amazing use case. they have 60,000 employees, for example. government embracing it and showing corporates the way. and then i think beyond that,

making sure that we're living in an environment where there are the right guardrails so we deploy the technology safely but also understand that we are young in this technology and trying to too heavily guardrail or regulate it before we know exactly what it will look like can actually stymie the rate of innovation. maria: elon musk trading barbs as you know with sam altman yesterday, musk responded to a post about the stargate project, claiming this. they don't actually have the money. softbank has well under $10 billion security. i have that on good authority. altman replied, wrong, as you surely know this is great for the country. i realize what is great for the country isn't always what's optimal for your companies but in your new role i hope you will mostly put america first. softbank telling fox business it dut have the money ready. sarah, what can you tell us

about the money? >> i'm close to the deal. i've been working on it. i feel really good about where we're at. i think elon, he's a competitor. i want us to compete for the right things. let's sp compete for great outcs for consumerses and business, let's scompete for getting inves and jobs. let's compete to make sure we drive the right outcomes from a security perspective too. elon knows that. in tend, we're at the tip of the iceberg here, we are scratching the surface of what's coming. this is the a.i. era and so getting caught in distractions amongst ourselves just feels like it's going to slow down the bigger outcome that we're all looking for. maria: it's funny to see the tech titans go at each other. we should say musk is a co-founder of open a.i. but then he split from the company back in 201 #. 2018. last march he filed a lawsuit o

stop it from becoming a for profit company, claiming they breached the mission to not be a for profit company. so is this just jealousy here? what's this about? >> i think what elon knows and agrees with that building a.i. needs three things. you need amazing people. there's not that many in the world. that's why being mission driven is incredibly important for us. we're building agi for the benefit of people everywhere. second, it needs a huge amount of compute which is very expensive and you have to invest ahead. when you build a data center you are literally picking land, you're buying power, you're putting up a data center, a couple years at least in the making. then you've got to get your chips in. you have to put your money in first before you see answer outcome so you have to be able to raise capital, to be able to make free cash flow over time fund the business. and then the third piece is data

and so we want to make sure we have access to all of those and we'll continue to run the company the way that we see the best to get that outcome. maria: we've been talking about data centers so much because of a.i. the need for more energy in terms of powering all of this up. what is your timing on this? what do you think the timeframe would be to actually see this infrastructure play out? what do you think? >> if sam his way it would be yesterday. maria: yes, of course. >> it really is as soon as possible. we have found ourselves constrained a lot by compute. for example, as we're rolling out products, often we can push them broad because we don't quite have enough compute to support them. so we think it is such an imperative right now. look, our model last year, we had a huge breakthrough. we had reasoning models. that's when it starts to think much more like a human, it's solving phd level complexity of problems and we don't want to slow down. when we went from chatgpt 33 to chatgpt 3, that -- chatgpt 3 to

chatgpt 4, that was a two year window. the reasoning model took about three months. if you look at other things, our video model, our image model, all of our multi-models, being able to speak to it for example. and i could keep going. there is a huge pace of innovation here and the faster we build out compute the more we're going to stay competitive, frontier, and the more we're going to benefit the people that we want to get to in the world. maria: how very exciting. before you go, you talked about the companies needing a.i., needing chatgpt. where does the growth come from at open a.i.? let's call it the next three years. >> it's everything you just said. it's first of all building out our consumer platform. 300 million weekly active users, it's huge but there's 6 billion plus people in the world so until it's in the hands of everyone that can use it i don't think we're done. and then from a business perspective it is the balance of both putting out a more self

serve product that small businesses can use, we want to make sure they have access to being able to build out business plans, marketing plans and so on and also for the biggest businesses in the world, it's literally how do we go vertical by vertical, create amazing outcomes and case studies and take the case studies into all of the other corporates in the vertical. maria: fantastic. congratulations, sarah. really good to talk with you. we appreciate your time. quick break and a survey reveals how much confidence global ceos have in the economy and in president trump now that he's back in the oval office, the survey done by tenao and we'll talk with the ceo, paul curry, next. you're watching "mornings with maria" live on fox business from the world economic forum here in davos. stay with us. ♪

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my work here is done. excuse me, which way back? uh, follow him. maria: welcome back. well, earnings topping the news, american airlines down in the premarket after releasing fourth quarter earnings earlier this hour. stock is down almost 10%. cheryl casone with details now. >> roughly, maria. they had a double beat. eps was 86-cents the forecast fell below the expectations for the treatmstreet. they are hurt by jet fuel prices. they had a misstep and that's hitting them, stock is down almost 10%. senate committees are meeting to consider more nominees for president trump's nominee including doug collins, lee zeldin and interior secretary

choice doug burgum. trump tapping former restaurant ceo andy p puzner ambassador to the eu. tmeanwhile, newly sworn in secretary of state marco rubio is planning his first international trip to panama where trump has set his eyes on taking back the canal. billionaire frank mccourt defining his bid for tiktok saying his project liberty consortium is open to buying 50% share of the chinese owned app after president trump said he would like the u.s. to own half of a joint venture for tiktok. mccourt saying he would move tiktok to his platform and to give users total control over their data. meanwhile, president trump is now down playing tiktok's security concerns. he spoke with sean hannity last

night. >> tiktok is going to be sold, right? >> people want to buy it. people want to buy it. >> but those that say they know, say a spying app of the communist chinese -- >> you could say that about everything made in china. we have our telephones made in china for the most part. we have so many things made in china so why don't they mention that? you know, the interesting thing with tiktok, you're dealing with a lot of i don't think people. >> they love it. >> is it that important for china to be spying on young people watching crazy videos. >> i don't want china spying on anybody. >> but they make your telephones. they make your computers. they make a lot of other things. isn't that a bigger threat? >> maria, the overall estimate, the valuation of tiktok right now is about $50 billion. maria: you know, i think he makes a good point about everything else in terms of surveillance. the surveillance from the

communist party is raging and it is happening on so many levels. it's not just tiktok. tiktok is also a propaganda machine for the ccp but the surveillance is what worries people but that's also indicative in other areas and whatever's made in china. so mark, i'm not easing my concern over this but i do think president trump makes a good point there. there's a lot of surveillance underway right now and it's not just tiktok. >> yeah, i mean, we saw the chinese spy balloons a few years back and maria, you talked about dgi. maria: it's also your own phone, as you said. if your phone is made in china, there's probably a back door. >> your washing machine, right. there's a lot of things where they could obviously be spying on us or whatnot but you made a comment about the dji drones that we're using. those are manufactured in china. so there's certainly a national security issue as relates to everything coming from china but

yeah, obviously tiktok, the algorithm, the influence it places on our younger generation, certainly a concern without a doubt. maria: it sure is. let's take a look at markets here. we've got the dow industrials picking up steam e it's up 62 points right now on the dow. the nasdaq is still lower although off of the lows of the morning. the nasdaq down 102 and s&p lower by 7. stocks are green across the board over the last year and year-to-date. take a look at these numbers and we will see the dow up 3 and three quarters percent, s&p up 3 and-a-half percent, nasdaq up 3 and two thirds percent. taneo's vision survey finds soaring confidence in the global economy following president trump's return to the white house, 77% of ceos say they expect the global economy to improve in the first six months of the year, a 32 point year over year increase, 86% of investors feel the same. joining me is the ceo, paul

carey. it's great to have you. thank you for being here. have you ever seen or when was the last time you've seen this kind of optimism about the u.s. economy? >> we haven't seen this in our data. we've been capturing this for year. maria: you've never seen this kind of optimism. >> we've been talking to ceos just after the election, towards the end of the year. and all roads lead to america as a consequence. this wasn't just global optimism, wasn't just american optimism, it was optimism directly correlated to the win of the election by president trump and that's across industry and across region. if you think about domestic u.s. companies, thinking about growing their operations in the u.s., think about international companies thinking about expanding operations in the u.s. which means for jobs, more investment and more opportunity. it's an unparalleled level of appreciation in optimism. maria: that's amazing. does it all go back to policy,

the fact they're expecting deregulation, expecting their money to be treated well with lower taxes and investment opportunities, growth? >> there's a number of key points. you're right. there's an expectation there will be a more -- a regulatory environment that's more suited to business expansion, growth, m&a. there's an expectation that tax incentives will be maintained and facilitated for the business community. there's also the reality that the american economy is about to hit a new area of growth and having the right policies and legislation in place to enable that growth is what the global market is expecting. maria: the survey also found that more than 64% of those ceos say that the policies will have a positive impact on their business this year. 50% say they are accelerating domestic international hiring activities and more than 80% said they expect a major return of m&a activity. where would you expect that m&a volume to take place in terms of sectors? >> in our survey it revealed healthcare, tech, manufacturing,

are some of the top areas where you can expect m&a. some industries have been boxed out over the last number of years because of regulatory constraints. so it's across the board with the primary focus on those areas. maria: and tell me about potential for investing in america. president trump securing, what, $1.1 trillion in investment in america just in the last two days. are you hearing that kind of sentiment, people want to invest in the u.s. as well. >> the level of conversations across companies and across nations is to understand how to get on board the american train, the economic train as we called it in our report, it's the trump effect directly correlated to the election and expectation of a different tax and regulatory regime but the kingdom's announcement today which you covered yesterday, $600 billion of investment within the u.s. economy, i think it's indicative of some of the calculus that companies and countries are running currently about how they put their capital or where they place their bets and u.s. is number none that option list.

maria: we heard from sarah friar from open a.i. and she's talking about the project creating jobs. i want to get your take there as well because a.i. has been a major focus here in davos. your survey found nearly 80% of investors expect positive investment return on a.i. projects within the first year, 41% of the large cap ceos expect returns over 1 to 2 years, paul. talk about that. what are you expecting in terms of investing and the returns you're getting. >> sarah said to you, it's the a.i. era. so the data points you raise are correct. also interesting, almost 100% of public company ceos surveyed are maintaining or growing a.i. investments this year and the expectation is they will get an a return probably the two year timeframe. investors are demanding greater or shorter wrapup to that roi. i think what i'm finding also in conversations in davos right now, there's an expectation that the promise of a.i. and the

application build is going to lead to a hockey stick appreciation for opportunities for companies to take more commercial advantage of the a.i. weave so i expect this -- wave so i expect this time next year we'll talk about the a.i. era having kicked into a more aggressive time. maria: you're talking about a very fast turnaround. in fact, that's what president trump said. this is going to happen fast. is that what the expectation is, you'll be investing here, you'll be utilizing these new policies and you'll get a fast return on your investment. >> fast return on your investment, talking to ceos about this matter, there's an energy supply dynamic that needs to be resolved. there's an engineering requirement to be resolved but there is a high expectation on the investment particularly with the promise of a.i. will yield applications that will deliver real business promise. maria: what are your clients worried about? >> they're worried about i think some of the issues you covered very well. what happens with the chinese market.

what american businesses can do business in china. what's the regulatory and legislative framework so they can clearly deploy capital or not in china. what industries are subject to national security considerations appropriately and what industries should be free to extend their partnership and their consumer opportunity in that market so the deglobalized environment currently is a challenge because there's large customer opportunities being missed as a consequence of that. maria: do you think companies want to rely less on the china supply chains? >> that has happened. one of the interesting survey data points as well, america is the primary destination for capital but the gulf and india were s second and third. india benefits more from china being blocked out from commercial conversations. maria: that's an interesting point. i've been hearing a lot about india. what about japan? >> japan is very aggressive deployer of capital, a very strategic partner right now across the world in terms of how it grows its industries.

maria: and are you hearing disappointment about the eurozone? because there are structural issues we've been talking about this morning. >> i think the president had a powerful speech about the need for europe to deregulate to meet the moment and the opportunity so i think it's more hope and expectation in terms of the european opportunity which is partly the factor that's leading to an america first economic argument right now. maria: we're speaking with the president of poland. one of his officials said president trump's revolution of common sense is taking hold throughout europe. would you agree that these policies that president trump is talking about, deploying in america, are also being talked about potentially for europe? >> absolutely. i think smart regulation, smart tax system and an opportunity to think about big global problems on an integrated basis. maria: what about interest rates? where does that come into the conversation? we did see a spike in rates at the end of last year although the 10 year is back down.

do you see companies worried about what the fed does next. >> i think the market largely priced in the fed's action. the m&a market is not going to be suppressed by the dynamic. the opportunity is support m&a will be a boone. there will be a lot of action in the u.s. economy, hold on tight for 2025. maria: paul, it's great to have you this morning. thank you so much. stay with us. we'll be right back. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required.

the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways.

maria: welcome back. well e it is day three of president trump's second term. he's already made sweeping changes in america all on policy fronts including energy. the white house declaring a national energy emergency on inauguration day where president trump signed more than 200 executive actions, they include with drawing from the paris climate accord, rescinding biden's ban on offshore drilling, cutting pollution regulations and reducing a mandate for 50% electric vehicle sales by 2030. joining us now is founder, ceo and president of bloom energy, kadar shrider. what an exciting moment. i know when you're talking about energy, you're also expecting a major impact from the a.i. ref

revolution. >> the a.i. revolution has created a demand the likes of which the energy industry has never seen let alone the electricity industry which was started in the 1890s. the growth we are seeing to just put it in perspective, even if we hit the midpoint of what the a.i. hyper scalers are saying they need to build, 600 plus terawatt hours of power, to facilitate that will be the equivalent power of all of california twice over plus all of new york once over. that much electricity being built between now and 2030. we have never seen a boon like this. maria: do we have the capacity to do that? >> that is a great question. it's about generation but generation is growing vegetables in your farm, getting it to people that need it, that is the transportation. in the power industry, this is

generation of electricity but transmission. our biggest problem is transmission right now. so these big transmission lines in the highways bring high voltage power from one location to the other location. if we string everything we have in the u.s., 247,000 miles. for your listeners to understand what that is, it's all the way from earth to the moon if you string it along. every year for the last 10 years in the u.s. we have been building enough transmission lines that will not even stretch from the southern tip of california to the northern tip of california. you need to build enough transmission lines for this kind of growth, two-thirds of the way to the moon in less than five years. that's not an answer. so what is the answer? right? you need to build the power where the data center needs to be or move the data center where the power can be built and not have to transmit it for the most

part. on-site power generation where it's supplied by the utility company to the data center or the data center builds it for them, either way is the only way data centers are going to get power happening at silicon valley speed and not at utility speed. maria: what kind of speed are you expecting? what's the time line on building the necessary data centers in your view? >> so, it's about a year and a year and-a-half for a data center to get built. we can provide that kind of power within nine months so what we have, our company was built for this moment so when we talk about bloom energy, these are llego block type power plants that can be chained together just like compute servers are chained together to build a data center. you can bring them on site, connect them to gas that we have abundance of in our country, with reliable clean electricity, send it straight to the data

center. so 24 years ago when i founded the company we built the company for this moment, the moment is here, and we are able to supply power within months, not within years, and not have to connect it to the grid and burden the rate bearer. the key is not just providing power to the data centers but like the president says, how do you not increase the builds of energy for our consumers. we can do both and by the way, gas being the cleanest of fossil fuels, not getting burned in a a system like our, the opportunity for bar carbon capture, gives ue best of everything. it is an american technology, invented in america, mead in america. maria: and creating american jobs. >> lots of american jobs. maria: that's wonderful. great to have you this morning. thank you so much. we saw your move in the stock, i

think investors are onto it. good to see you. we're back in a moment. stay with us. (woman) did i read this? did i get eggs? where are my keys? (vo) don't wait while memory and thinking issues pile up.

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