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enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. with gold and copper prices pushing towards all time highs, us gold corp. offers investors leverage to both gold and copper at its project, and mining friendly wyoming. u.s. gold corp has a reserve of almost 1.5 million ounces of gold equivalence, permits to mine, zero debt. maria: welcome back.

good thursday morning thanks so much for joining us this morning. i am maria bartiromo. it is thursday, january 23, it

is 8:02 east coast right now coming live from we've we've in we've we've in dwoovrz president trump ending the federal diversity equity inclusion initiatives one watchdog group revealing extent of how much money has been spent on these programs, "fox business" hillary vaughn live on capitol hill now with that angle hillary. >> good morning, maria. we are still doing the math to figure out how much dei cost taxpayers across 400 agencies the initial numbers from open the books mind-blowing according to open the books date, federal agencies spent millions on dei programs this is what we know about it is likely much worse, hhs spending 68 million dollars dei programs hiring 290 dei staffers, epa over three billion on dei, environmental

justice grant program .200 dei staffers state department 73 million dollars requested for dei initiatives in 2025, the national science foundation allocating two billion dollars, in dei related grants, republicans have been applauding president trump for letting dei die. >> all federal workers, meritocracy should not be based on diversity equity inclusion it should be how do we get the best workers to do it this is nothing to do with opportunity for every everyone, this is cultural marxism dei meant to divide by race it is poison. >> some democrats think trump out of line to end dei. >> wants to traumatize federal workforce there seemed an element of traumatizing people i think dei, is another

capital of -- >> a lot of taxpayers are traumatized looking at our debt continuing to grow getting these numbers in about how much taxpayer money has been spent on special programs, and they are going to get some glee to see savings from this you may be familiar with u.s. debt clock, the tallies real time how much department now a doj clock that tallies up in real time, how much president trump is saving americans taxpayers. maria: that is such a great point hillary great reporting hillary vaughn capitol hill this morning, democrat senator elizabeth warren trying to dial back divide between republicans sending elon musk a letter obtained by "time" magazine 30 recommendations what doge should cut including department of defense contracts medicare advantage insurance program, cheryl she wants to cut these things but was one of the main endorsers

of programs. cheryl: she was the leader back in 2008 going after the large banks a, you know banks that create jobs, create wealth, how americans invest 401(k)s in portfolios misguided i will say that, going to doge i think interesting a good thing, that you are hearing more sproirs the work elon musk for now vivek ramaswamy are trying to do to puth cut back bloat, all that rethat we're talking about selling off, they still will probably sell some off because at this point, a lot of dei jobs federal government remember froze-for now hiring is frozen in our but on paid leave, that is going to lead to job losses. for departments, corporate america figured all this out-years ago, walmart amazon,

et cetera,. >> the other thing mark that i feel companies are getting bullied to put programs, in and pay up for them. mark: yeah, they provide negative economic value you literally to have you pay employees to police your company your organization, your agency to force to you hire less qualified people, slows growth, not good but, maria, one thing i want to say about the federal dei programs, being shut down, is that you got to watch out for a sir crumbvention the atf renamed chief diversity officer senior executive, nsa renamed dei, equal opportunity and accessibility cbp renamed dei special emphasis program they are trying to circumvent what president trump is doing we have with whistleblowers outing them. >> wow.

we are getting started this hour let's slip in a short break then talking about all money coming into america in just hours from now, president trump beginning a video speech here to the world economic forum in davos one biden pollster describes list return brilliant. >> sara huckabee sanders here with reaction don't miss that coming up next you are watching "mornings with maria" live on "fox business" from the world economic forum in davos, ♪ ♪ ♪ the listing agent. feels like a work of art! (marci) lovely. what about the app? (luke) uh-oh! look what i did. it's ringing. hello? hello? (marci) they can't hear you. (luke) hello?

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maria: welcome back. president trump addressing world economic forum in davis three hours from now speaking bid very conference followed by short discussion questions from bank of america ceo,

total energy ceo, are hitting ground at home securing more than one trillion dollars, in investment in america since taking office, literally four days ago, signing on roughly 200 executive orders that includes declaring a national energy emergency withdrawing from climb ate accords halting ban on offshore drilling joining me now arkansas governor sara huckabee sanders, great to have you. >> great to be here thanks for having me one. >> what a move president trump has made, with 600 billion dollars coming from the saudis, 500 billion dollars commitment in ai, access the president's first couple days in office. >> well we knew he was going to do big transformative things i don't know anybody realized just how big and how fast he was going to be able to move, but i think this is

exactly why he won with overwhelming support, people want somebody who can shake things up who does things differently moves quickly nobody does that better than donald trump. maria: he has incredible energy look at all the moves made so far, but promising more job creation in america, the economic story, is really the story of president trump. >> i think that will be one of the most lasting legacies he has just scratching the surface of what he is going to be able to accomplish in the next four years think about what he has done in four days, and just imagine four years l liz. >> economic is very important foreign policy i think is going to be equally as important, when you worked with president trump in first in term you watched the powers that be put together a abraham accords do you believe we will

see more council entering the abraham accords. i hope so nobody else can get it cone other than donald trump the only reason, that where we are right now, that we have the first abraham accords to begin with his ability to negotiate bring players to the table would never otherwise be there, i am obviously, very biased about new incoming ambassador to israel i don't think there is anybody better hopeful that my dad gets to play a key role, but i think that the president's legacy on foreign policy may out shein anything else he does. >> i was going to ask you about your father governor huckabee incoming now ambassador, and really focusing on peace in middle east. tell me what you have spoken about with governor huckabee your father in terms of what he will be able to do to move that needle. >> well usually i am trying to get free baby sitting out of the deal but has a much bigger task on his list have to dos,

now, my dad is so passionate, about israel that community i feel like the culmination of everything he has done in live led eliminate to this moment i could not be more proud to see him play a role on president trump's team i am hopeful that together they can he go do transformative things in that region. maria: wonderful to watch what he is able to do in israel, you also have put growth top of agenda in arc cue when can you tell us now about arkansas what you are doing. >> well arkansas is had incredible two years, in just the last year alone we are number one state in the country for economic growth, we've had nine straight months in a rowe of job creation, breaking every record each month moving forward, and now number one state in the country for people to move to from other parts of the united states, people like to talk about texas, florida virginia, but arkansas is winner, and really proud of that not going

to stop anytime soon i think with president trump in the white house, we are just at the beginning of the get things we are going to be able to establish. >> are you ask you toing that policy president trump is talking about in terms of growth the priorities tell me what your policies are. >> certainly we are trying now that going to have a dprend in the white house, clearing a lot of regulations, also, ununleashesing energy having that partnership a big difference governor i know you are here on panels in davos tell me about what you are going to be talking about what you already discussed on panels in davos. >> one of the biggest that we've leaned into the question everybody's mind is how do we continue to grow, our economy, whether that is united states, or individual states like arkansas, so, we are sending a message we are open for business, and we are looking

for new investment, we are home to fortune one retailer you probably heard of walmart a great success story not afraid of selling that story we are looking forward to building on that success take it to next level. >> great stories to tell as launching 2026 reelection campaign tell us about it. >> i have been governor two years thanks to the opportunities president trump gave me in white house, i was able to step in, serve as that role in the last two years still youngest governor in the country getting older other candidates getting younger for now holding-to that title we focus growing economy helping aid securing the border where federal government was not a stepped in including opening energy sector in arkansas education, workforce development those are the things that we've done cut taxes three times in the last two years, proud of the reported, but just like

president trump we're just getting started more to come. >> congratulations, terrific story we will watch your work governor sara huckabee sanders, quick break thun artificial intelligence takes center stage here in davos the talks of the town president trump and historic 500 billion dollars stargate investment project he has led, tom peoples will talk more about it more detail impacted the industry you are watching "mornings with maria" live on "fox business", here, from 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. president trump this week announcing joint venture with openai oracle softbank investing billions into american ai infrastructure giants committing 100 billion dollars to the stargate project up front, with up to 500 billion over the coming four years stargate's data center in texas construction underway, joining me now here live at world economic forum,

c3.ai ceo, great to see you now great to see you as youh thank you for being here reaction to this 500-billion-dollar stargate project. >> just the beginning new administration arriving on private sector to reinvent government, very much he is use ai to reinvent public services, social services military operations, government operations, constituent services and clearly doing a bear hug on private sector, relying on private sector to reinvent united states government, in the process, reinvent the world. maria: we were talking with cfo openai earlier she mentioned 300 million people right now are using chatgpt, i mean, but she said look there are six billion people in the world chase your expecting as how big this can get.

>> i i mean think, soon we will have, on smartphones, two, three, for billion people will have the knowledge of mankind available in the pocket, they will be poly mats, what is it impact productivity global people have this knowledge about agriculture, medicine, healthcare, business. whatever it might be, africa, asia south america game is changeing. >> optimism about u.s. amazing that president trump has been able to announce, 1.1 trillion dollars investment into america, in four days, the saudis giving him investing 6 hundred billion in america, announced earlier today. >> it is just -- you know -- the excitement is palpable you were in d.c. i have was in d.c. we saw it, just palpable,

enthusiasm, from the coast-to-coast, and you talk to people in france to people in german any in uk, you talk to people in davos everybody is onboard. maria: you know, quite exciting i must today your strategic allie abs c3.ai announcing alliance with mccondition xi at davos you want to help clients accelerate transformation tell me about that. working on this as you know for 15 years, so we started this game. again recently announced alliance with microsoft taking 131 ai solutions, and distributing them through the entire microsoft sales organization globally now this effort so we go from like order of 100 sales people in enforce to order 40,000 salespeople in january. good for business good for the

world. now we've enjoined with strategic alliance with mackenzie, quantum, to be able to transfer this technology, to the large governments in the large corporations are the world to digitally transform automotive companies are a space you name it this is going to -- you know undoubtedly accelerate the domination of enterprise a.i. global scale. >> is government the next big customer? i am talking state, local, federal governments adopting ai as well. >> well this is for everybody adopts manufacturing healthcare pharmaceutical ai will evolve reinventing government healthcare services affordable care act, medicaid,

maker making sure veterans administration higher got government services into the hands of more satisfied constituents, at lower cost. maria: where is the growth coming from at c3 next three years. >> across the board government defense intelligence health manufacturing, travel transportation, there is no aspect of economy, global economy not transformed to ai. >> thank you so much. >> thank you. >> congrats good to see you, quick break then, we are sticking with ai conversation, with vice chair president microsoft brad smyth with me next you are watching "mornings with maria" live on "fox business" from davos. stay with us. ♪ ♪

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president trump addressing the world economic forum today, here in davos happening in over two hours, talking at 11:00 a.m. eastern trump joined hannity last night talked about reconciliation importance of extending the tax cuts in the oval office. >> i like the concept of the one bill, it could be something else it could be -- a smaller bill a big bill, but as long as we get to the right answer i will say that los angeles has changed everything, a lot of money is going to be necessary for los angeles, you know, they don't work with us on the umtax cuts, extending that would mean taxes would go up more than any tax hike in the

history of our country they will fight us on that they fight us on things it is incredible. >> don't use common sense in my opinion democrats don't use common sense. >> joining me now vice chairman president microsoft brad smith thank you so much for being here thank you just heard president trump, talking about his plans for the economy extending the tax cuts also, of course, talking about deregulation, how would you access the president's policies what do you want to hear from him, when he speaks virtually in a hour and a half. the last -- to me, it is worth register president trump put united states on the right course, for ai leadership when he issued first executive order about that topic february 11th, 2019. just about six years ago, he needed to do three things lead

the world in technology research, innovation, skill workforce so our people american people will get the jobs of the future and win the race with china by opening up markets around the world, that is the direction that was right then the direction that is right now. i hope as we approach february 11th next month we use that s anniversary to double down great news not just for our industry but more american jobs filled by american workers. maria: you have said you are going to spend 80 billion dollars, building out your ai business at microsoft tell us how that looks. >> well we're not going to spend it we are spending it. everyday, every month, that is money that we're spending this year alone, we are spending 50 of that 80 billion to united states build new models for and with openai, to bring ai to the american economy, and equally important we need to bring american ai, around the

world. this is one of the most important exports, of american services of course if you care about trade deficits, as i think we do as president trump rightly does there is two ways to close trade deficit one buy less the other sell more we are leaders of the sell more american goods and services around the world. maria: great point, so what do you want to say in terms of policy regarding deregulation? president trump has that as priority case growth is his priority here, where should deregulation happen? >> first we look at electricity we need permit to go move faster sometimes people in washington say we will help with local permits in united states the local municipalities move fast federal government moves slow. we need more common sense rules, that will help us build dates faster i think we need to look at ai regulation, that were put in place the last four years, i don't think we

should -- throw out everything but use common sense make things simpler faster. >> you just said that electricity, and demand obviously, we need more energy to pour updates dates you said before we came on other we don't have enough electricians. >> one thing about ai economy not just computer scientists it is pipe first, he electingtricians, great jobs. and we have a shortage of all of this craft labor i think we need to take on a national goal, of bringing more people into these fields, bringing shops and shop classes back into american high schools giving people the opportunity to say qualified for financial aid so they can go take a course you in a community college, these are jobs all across the country, and i do think this is how we grow better jobs for our own people. maria: a i love what you are saying i think this is so spot-on, what are you seeing

in terms of i.t. budgets? do you see companies, increasing budgets to ensure that they are el allocating capital to projects. >> generally yes, the way to think about ai leeing edge innovation moves quietings huge numbers for developing new molds, we where rubber really meets road team like tom siebel, c3.ai just here creating applications that use structure and models that improve productivity, rationalize supply chains, make everybody, and every business more effective, that is how you unleash growth how we continue to grow as business the microsoft does one thing everyday, it is actually provide the critical a digital intelligent economy runs on large enterprises to small bizarre we to end see

more than typically most other companies. maria: where is ai deployed, small businesses consumer all the above. >> it is all of the above, but i think the most important thing is say last year at davos people were talking about what they wanted to do. this year they are talking about what they have done, or are really starting to do. like the giant fly wheel takes time to move, i think for those in tech sector what is real encouraging starting to modify delivering real value if not delivering real value, then it is nice to make money but we're not really doing our job. for the economy, as a whole. and i think each and every year we will come back stake stock, but this is now spreading in ways that i think are making a difference to businesses are across the board to government as well you want to cut government spending? if you want to make government more efficient, use ai to speed up processes simplify them. >> i am sure president trump

thinking of that with doge agency, are let me get your take on the macrostory right now you ask what are people talking about, last year it was ai, this year two things, ai, and president trump. he may not be here, but his name is being evoked in every single room, conversation i have to say the thing i probably find most interesting encouraging, people are not only noticing that deregulation is going to speed economic competitiveness in the united states, if you talk to a european business leader, a ceo of large european company like thank goodness our leaders are hearing this now, as well. you hear prime ministers other government leaders in europe say we're going to deregulate executive order envy, national leaders, say i wish we had

executive orders, the way united states does. and, that is going to be, i know good for the world, i think haerment world growing good your united states open up market for american goods and services. maria: in terms of of deploying ai and who is using it, 300 million people cfo openai told us using chatgpt, right now, what is your expectation in terms of microsoft a.i. and how many people reach? >> we usually two billion, so you know when you look at our productivity services you know, used by 1.5 to two billion, and, you know, then behind because world has more as you were saying than two billion people, the thing i think we need to keep in mind isn't just good for american economy. if we are going to win race as

a country with china we need to think about this as golden he opportunity for american ai two ways to race one hope opponent slows down mostly you want to race by speeding up, the key to speeding up american ai is not only the investment in the united states, it is bringing american ai to the rest of the world, faster, than china. that is i a large part of what our infrastructure investment is all about, other american companies will do the same thing. but i think that is the prize keep our eye on that prize, accelerate the spread of american ai around the world. maria: and you say we have to bring value, walk us through the value of ai. >> there was a government landlord i met with this morning said their government spends 130 billion dollars a year on employee payroll some spent on people do real valuable work what you want

people to do but some of it is like the slow processing of permit application, you know, the processing of tax forms, things that technology can speed up. i have never heard anyone run for reelection as a governor or prime minister or president on the mantra that i spent more money, on the state than i needed to, if a leader of a government can improve government services, make government less expensive, that is the ultimately win-win, and you see that, in that context for government, you name it name the business, name the with consumers scenario name a problem you want to solve, we should be able to use ai as a tool to help solve it. >> where else does growth at microsoft come from in the coming three years. >> well, i think over next three years let's remember we are a cloudy company we have the world has not completed transition to the cloud.

there is are verying estimates people say maybe halfway there, there are years and more than years ahead of that then the deployment on ai on top of that across every sector of the economy in most countries in the world. and if that is not enough, for you, you know, we have our consumer devices we have linked in, gauge we are an extraordinarily diversified technology company but i think end of, all the above i tell you sort of vision in dream i think we should all have that we use this technology, to equip the next generation of students in schools and all the nonprofits of the united states in the world, so that they can use ai. so that prepared for the jobs of the the president, and aro our nonprofits can do what they do critically across the country to solve problems of day. >> i am marrying a lot of optimism about governments using ai because, obviously,

governments are not like the private sector fast-moving able to innovate. what sectors do you think benefit most from ai? >> well it probable starts, from the business sector, that have the most complex business processes that is one, because basically what you need is organizational leaders can come in, dissect where spending money identify i know where, things take more time than they would want. figure out how to simplify it, now i give you a great capital of that, customer service every large company sells especially to consumers has a critical customer service piece. it starts with taking information in all the way to solving somebody's problem. you know. you know, this is one of the early early areas where businesses are adopting ai, and i think ultimately i think of it three tests you want to pass you increase productivity, you improve the service for the customer, and

you give the employees higher job satisfaction, you look at a person today might be on the phone with you if you are a customer. they probably got you know three manuals six computer screens, generaltive ai you can simplify a lot of that, the person finds answer faster for the consumer, but get focus on the person, not this mad dash to find the information. and we're seeing that i mean not just a made up scenario banks, others around the world, who are implementing ai, and that is the feedback. >> i love it when is last time you saw this optimism in america. >> it has been a while let's just say morning in america morning with maria morning in america, and there is a lot of optimism right now. maria: thank you so much great to talk to you good to see you brad smith microsoft

stay with us we'll be back. th. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com

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. we are wrapping up live coverage at world economic forum from davos, switzerland president trump will address in a speech in two hours 11:00 a.m. eastern questions from big came executives bank of

america, among others live in davos ceo dow jones publisher of "the wall street journal" great to see you -- >> thank you so much for being here, wow. . what a new day a "newsweek" with president trump, having an idea a minute coming up with investments 6 hundred billion in america from the saudis 3500 billion in ai stargate project access the situation. >> first of all, there is enormous enthusiasm i have never seen anything like this, at davos or entire u.s. business community but, also, from the outside people looking on with awe, at the speed things are moving the size of the initiatives audacity, and some of the initiatives -- initiatives announced, that is a huge change from, we will see a huge reaction to that, from thank you you europeans they will be moved into action,

they are pretty intimidated but invigorated, from our point of view amazing news more announced better, we can help explain situation in "the wall street journal" other dow jones products we love situation of change. maria: you make a good point i think now people are talking about so-called trump effect moving to europe, europeans saying, brad said they are having envy over executive orders they wish they had executive orders want to deregulate would you say deregulation portion of this policy plan of president trump is biggest impact to business will have biggest impact. yes, i think overall sense of confidence ambition can not a be over estimated deregulation will have direct impact on business how we conduct business around the world that might be followed, elsewhere maybe not at pays we are

seeing in washington i would say top factor driving enthusiasm, also, the -- the -- inaugural speech, going to mars, speaking to the imagination of americans but also people around the world. and that is something new regardless where you stand on political spectrum cannot be ignored that is a very, very different situation than anything we've seen here four years ago, eight years ago, you know this -- president trump used to be seen caricature of sorts sometimes, in places like this, that is -- not the case, cannot be ignored, and level of ambition seriousness that has been put into this -- this -- new administration. maria: that is right a tremendous amount of respect, right now for president trump. one other big takeaway having this big ai announcement, the

president leading 500-billion-dollar project star banc from softbank or being kel i want your take because ai has been changing business now i am hearing that powers that be behind ai, are actually looking to use ai in government, so there are many, many more legs to this story we haven't seen touched yet. maria: . >> yes really no industry or no part how would he operate live for business world or even government where ai is not going to find its way, and whether that is -- in efficiencies play, or entirely new way of doing things new ways of interacting with customers, civilians, or how to run a governmentalal department. so, that investment, is needed the infrastructure needs to be built, in order to support that tremendous change that we're seeing, with ai. >> let me ask you about your

business, at dow jones clearly, the "the wall street journal" is premier content, in the print business no doubt about it. and we appreciate all of your work the work of the "wall street journal." how much have your business would you say is digital. >> effectively a digital business, roughly 80%, depending how you count also recurring revenue over the past x number of years transitioned from, what i bir when you close eyes think of one or more you think of beautiful front page that is iconic don't want to give that up people love that, but we're really also digital business investing as such as well, and so, ergo the investments in -- in ai very consequential for us. of course where does growth come from dow jones in five years. >> first of all, whenever so much change in the world, people need reliable information, in order to make decisions, and that is

exactly, what we offer, any products "the wall street journal", really a work tool to many people. maria: absolutely. >> but we also have a lot of the bto about products broad bidens information news, date analytics, specific areas he overall business world, specific sectors. >> very good point that you make in terms of the product as well, thank you so much for joining us thank you for having me. >> i guest you are our cousin "mornings with maria" live from davos. stay with us. .

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maria: we are wrapping up our coverage here at the world economic forum live in davos, switzerland. president trump will addresses the forum in about two hours before taking questions from leading global executives. it's been a busy week, of course. he's had some major announcements in terms of $1.1 trillion in new investments in america, and, you know, cheryl, i keep asking people the question, when was the last time you've seen this kind of optimism. they said, never. kerr cheryl never. no, we've never seen an administration like in this in our history, maria. maria: mark and cheryl it's been a great show. have a great rest of the day. "varney & company" picks it up now, brian brenberg in for stu. brian: good morning, everyone. i'm brian brenberg i