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thing and answering. going for the past 24-48 hours and joe biden in the past year and >> oftentimes you have higher prices and the key that i think we're focused on going for them and going for the name of it. >> in the past month, going for them it's six -- >> just the momentum going for them and a bawl bill going through them and it's going for with a little of them going down and it's knocked down and >> going for them on the very stable market and that's going for them to america is starting to win again: .

♪ ♪ best of my rbrian: i like the b. spawl paul mccartney going for them. it's 11:00 a.m. on the east coast. i'm brian brenberg in for stuart varney. nasdaq down just about 50 points. any moment now, president trump will deliver his first speech back on the world stage, heme speak virtually to the world economic forum in davos ask we'll bring it to you live. in the meantime, bring in deroy murdock. good to see you. it's his return to the world stage, in a way i guess you could say. how do you think the folks in davos receive it?

>> better than in the first term. he's come back in with tremendous momentum. obviously this huge win in november. since then you've seen industry and world leaders and celebrities and all the people going to mar-a-lago and white house going to meet with them and he just unveiled this $500 billion private investment in ai. i heard this morning, $600 billion saudi investment in the country and softbank investment announced from the japanese country last month and people are lining up to bring cash into the country and watch it grow with more favorable marketing conditions. brian: tough to top like $600 billion. that's real money. >> it is. brian: listen to what president trump said about his mission to fix what he thinks went wrong over the past four years. >> showed us that the radford dallas cowboys left, their philosophies and poll -- radical left policies and philosophies are horrible and don't work. they're all solveable problems. >> i agree.

>> they're not easy but with time, effort and money unfortunately. they're solveable to get our country back. if we didn't win this race, i really believe our country would have been lost forever. brian: i love the fraise arkansas phrase solveable problems. there's a lot and he's got four years. how does he think -- he's going fast clearly. how do you think about tackling that many things in that kind of time frame? >> this man's focus in not just one area but so many areas and really o touchdown catch the ability to do so many things at the same time is remarkable. as a journalist that tries to stay on top, it's difficult because there's so much going on. in last couple of days, dei thrown out and dei offices shut down and padlocked and can't get in as of 5:00 yesterday. on the border we've seen 450 or so illegal alien criminals arrested. i assume to be deported. now he's going to be going out to california to talk about the fires and see if we can get some, state where i grew up, something under control there in terms of peeling back the

vegetation or increasing water supply down this. he's focused and energetic and serious. since he's gotten back in, he seems much more calm, we're not seeing this stuff and it all builds his gravitas and makes it likely for those that may not wanted to work with him last time more willing to cooperate. brian: there's a magnatism there from the last term and seeing him come out here on stage. you know, there's going to be some in the audience that like what he's saying and listening to him on tariffs and saying watch out. do you expect anything particular from him in this speech? >> you know, i think he'll make the point that the conditions of the united states are positive. at least invest america. brian: invest in america, deroy, thank you for that. president trump is just about to come on screen. there he let's listen in. they're introducing him now. >> and addressing challenges.

as you might expect, mr. president, your return to office and your forthcoming policy haves been at the forefront of discussion this is week. discussions among 3,000 political and business leaders from over 130 countries who came together here in davos. we look forward hearing first from you and thankful with the follow up discussion with business leaders moderated by my colleague. ladies and gentlemen, the president of the united states, donald j. trump. [ applause ] >> well, thank you very much,

klaus, and welcome to everyone in davos. this was a historic week and three days ago i took the oath of office and we began the golden age of america. the recent presidential election was won by millions of votes and all seven, every one of them, all seven swing states. it was a massive mandate from the american people like hasn't been seen in many years, and some of the political pundits and so-called enemies said it was the most consequential election victory in 129 years. that's quite nice. what the world witnessed in the past 72 hours is nothing less than a revolution of common sense. our country will soon be stronger, wealthier, and more united than ever before, and the entire planet will be more peaceful and prosperous as a result of this incredible momentum and what we're doing and going to do. my administration is acting with

unprecedented speed to fix the disasters we've inherited from a totally inept group of people, and to solve every single crisis facing our country. this begins with confronting the economic chaos caused by the failed policies of the last administration. over the past four years, our government wracked up $8 trillion in wasteful deficit spending and nation wrecking energy restrictions, crippling regulations, and hidden taxes like never before. the result is the worst inflation crisis in modern history and sky high interest it rates for our citizens and even throughout the world. food prices and the price of almost every other thing known to mankind went through the roof. president biden totally lost control of what was going on in our country, but in particular with our high inflation economy and at our border. because of these ruinous policies, total government spend

sergeant year is $1.5 trillion higher than projected to occur when i left office just four years ago. like wise the cost of servicing the debt is more than 230% higher than was projected in 2020. the inflation rate we are inheriting remains 50% higher than the historic target, it was the highest inflation probably in the history of our country. that's why from the moment i took office i've taken rapid action to reverse each and every one of these radical left policies that created this calamity, in particular with immigration, crime, and inflation. on day one, i signed an executive order directing every member of my cabinet to marshall all powers at their disposals to defeat inflation and reduce the cost of daily life. i imposed a federal hiring freeze, a federal regulation freeze, a foreign aid freeze, and i created the new department

of government efficient. i terminated re-ridiculous and incredibly wasteful green new deal, i call it the green new scam and ended electric vehicle mandate. we'll let people buy the car they want to buy. i declared a national energy emergency and it's so important, national energy emergency to unlock the liquid gold under our feet, and pave the way for rapid approvals of new energy infrastructure. the united states has the largest amount of oil and gas than any country on earth, and we're going to use it. it will reduce the cost of all goods and services and it will make the united states a manufacturing superpower, and the world capital of artificial intelligence and crypto. my administration has also begun the largest deregulation

campaign in history far exceeding even the record-setting efforts of my last term. in total, the biden administration imposed $50,000 in additional regulatory costs on the average american household over the last four years. i promised to eliminate ten old regulations for every new regulation, which will soon put many thousands of dollars back in the pockets of american families. to further unleash our economies are majority in the house and senate, which we also took along with the presidency. we're going to pass the largest tax cut in american history, including massive tax cuts for workers and family, and big tax cuts for domestic producers and manufacturers, and we're working with the democrats on getting an extension of the original trump tax cuts as you probably know.

by reading any paper, my message to any business in the world is simple, come make your product in america, and we will give you among the lowest taxes of any nation on earth. we're bringing them down very substantially even from the original trump tax cuts. if you don't make your product in america, was challenge is your progress -- which is your prerogative, simply you'll have to pay a tariff, differing amounts, but a tariff that will direct hundreds of billions of dollars and even trillions into our treasury to strengthen our economy and pay down debt. under the trump administration, there'll be no better place on earth to create jobs, build factories or grow a company than here in the grade schooled old usa. already americans, economic -- you can see this i think maybe in your wonderful, wonderful room that you're all gathered together. so many of my friends and americans, the economic confidence is soaring like we

haven't seen in many, many decades, maybe not at all. upon my election, it was just announce that had a small business optimism skyrocketed by 41 points n in a single digits month. that's the highest ever. there's never been anything like that . softbank announced between a 100 and 200 billion investment and the u.s. economy because of election result and two dais ago, oracle, softbank and openai announced a $500 billion investment in ai infrastructure and other companies likewise have announced billions and billions adding up to trillions of investment into america and the united states. and it's also reported today in the papers that saudi arabia will be investing at least $600 billion in america, but i'll be asking the crowned prince to round out to around $1 trillion. they'll do that because we've been good to them. and i'm also going to ask saudi

arabia and opec to bring down the cost of oil. bring it down. which frankly i'm surprised they did do before the election. that doesn't show a lot of love, but i'm not doing it. i was a little surprised by that. if the price came down, the russia ukraine war would end immediately. right now the price is high enough that that war will continue. you've got to bring down the oil price and end that war. and should have done it long ago and they're very responsible to a person extent of what's taken place and millions of lives being lost. with oil prices going down, i'll demand that interest rates drop immediately and likewise should be dropping all over the world. interest rates should follow us all over the progress that you're seeing happen in a victory in a recent presidential election and one that's become quite well known throughout the world. a lot of things are happening to a lot of countries. they say that there's even

countries we're not familiarly friendly with are happy and they understand there's a future and how great the future will be under our leadership, america is back and open for business. and this week i'm taking swift action to stop the invasion at southern border. they allowed people to come in at levels never seen before. it was ridiculous. i decide and declared to do and very, very importantly a national emergency on our border immediately halted all entry of illegal border crossings and returning the illegal trespassers back to the places from which they came. that action already started very strongly. i've deployed active duty u.s. military and national guard troops to the board tore asis in

repelling the invasion. it was an invasion. we will not allow our territory to be violated after four long years, the united states is strong and so much riling and ren and a -- sovereign and a beautiful nation. it's a strong, sovereign nation. in addition, i'm pleased to report that america is also a free nation once again. on day one i signed an executive order to stop all government censorship and no longer will the government label the speech of our own citizens as misinformation or disinformation, which are the favorite words of censors and those who wish to stop the free exchange of ideas and frankly progress. we have saved free speech in america and we've save it had strongly with another historic executive order, this week i ended the weaponization of law enforcement against the american people and frankly against politicians and restored fair,

equal and partial rule of law and all discriminatory diversity, equity and inclusion collusion nonsense and policies that were absolute nonsense. throughout the government and private sector and recent yet what unexpected supreme court decision made, america will once again become a merit-based country. you have to hear that word: merit-based country. i've made it official and official policy of the united states there's only two genders: male and female. we will have no men participating in women sports and transgender operations, which became the rage will occur very rarely. and finally restoring common sense in america, we're moving quickly to bring back strength and peace and stability abroad. i'm also going to ask all nato nations to increase defense

spending to 5% of gdp, which is what it should have been years ago and only at 2% and most nations didn't pay till i came along. i insisted they paid because the united states was paying the difference at that time, and it was unfair to the united states. but many, many things have been unfair for many years to the united states. and a ceasefire negotiation wouldn't have happened without us. early this week, the hostages began to return to their families and they are returning, and it's a beautiful sight, and they'll be coming in more and more. they started coming back on sunday. our efforts so secure peace settlement between russia and ukraine are now, hopefully, underway and it's so important to get that done. that is an absolute killing field. millions of soldiers are being

killed. nobody's seening in like it since world war ii. they're laying dead all over the flat fields. it's a flat field, farmland, and there's millions of russians and millions of ukrainians, nobody's seen anything like it since world war ii. it's time to end it, and here in america we have big events coming up. next year we have the 250th anniversary of america's founding. i'm so honored to be president during that. that's going to be a big event they've been talking about it for ten years. l we also have the world cup and i understand, giann s nni is ine room -- gianni is in the room and i want to thank him for being instrumental in getting that. and the olympics is coming up, which i was instrumental in get in my first term and who newbie skipping the term i'd get the olympics. i was upset saying i got them to come and won't be president.

turned out through a stroke of luck or whatever you might call t i'll be president during the world cup and olympics, and the 250th anniversary so that's going to be three big events. we've accomplished more in less than four days and working four days than other administrations have accomplished in four years. and we're just getting started and the spirit and plight over the country has been incredible. under the last administration, our nation suffered greatly. but we're going to bring it back and make it greater, bigger, stronger, better than ever before. i want to thank everybody for being with you. i would have been there myself except the inauguration was two days ago and thought it might be a little bit quick to make it the first stop, we'll get there one day. we hope to get there, but i do appreciate. i heard the audience is fantastic and many of my friends are in the audience, and i will

be taking questions now from some very distinguished people. thank you all very much. [ applause ] >> thank you, thank you very much, mr. president, for that very powerful speech. and i think you could hear the applause all the way from davos to the white house. next year it will be even better because then you can get applause here in davos so we wish you welcome to our village next year. we hope to see you. >> thank you very much. >> so we also know, mr. president, that you opened up for interaction and we have a great panel with some of the most distinguished business people in the world. let me start with someone you know really well that i think is almost a neighbor of you in florida. mr. steve schwartzman, chairman, ceo and cofounder of the group.

steve, the floor is yours. >> well, mr. president, i'm sure the crowned prince of saudi arabia will be glad you gave this speech today. you've had the busiest four days that anybody can imagine and congratulations for that. my question is about some of the things i've observed here at davos. it's a terrific forum. i've met lots of people as usual. i've been here 30 years. and a lot of the european business people have expressed enormous frustration with the regulatory regime in the eu and

they attribute slower growth rates here because of numerous factors, but especially because of regulations. you've taken a completely different approach in this area. and if you could explain a theory of what you're doing, how you're going do it, and what you expect the outcome to be, i'd appreciate it. >> well, thank you very much, and collations, steve. you're a friend of mine but on a great career, there's an amazing career and continues and just want to congratulate you. very inspirational to a lot of people. i want to talk abouts eu because you mentioned specifically that i've also had a lot of friends and leaders of countries and gotten to know them all in my first term and a bit during this period of four years, and know

them well, like them a lot. but they're very frustrated because of time everything seems to take to improve environmental impact statements for things you shouldn't have to do that and many, many other ways that it takes. and i'll give you a quick little example and in the private life, my beautiful private life before having all these things happening. the world is a little different. i had a nice simple life. you knew that. when i had that simple life, i did projects and had a big project in ireland. it had to get approval on something that would have made it even better, and i got the approval from ireland in a period of a week. and it was a very, very efficient good approval. they informed me the problem is you're going to have to get it from the eu, and we think that'll take five to six years and i said you have to be

kidding. this was before politics and i said wait a minute, it's not that important. i don't want to go five or six years and would have been a big investment and nice and good for the project. and i sent people to eu to try and speed it up and five or six year wait to get a simple approval that ireland gave me in a period of not much more than a week i realized that was the first time i was involve in the eu and real estated that's a problem and didn't bother applying to do it. i don't to want be accurate and criticized to be accurate and so i don't think i did but if i did, i pull it had quickly and just -- pulled it quickly and something you couldn't wait five or six years for apreyful. a lot of -- in a very big business surgeons general people

are claiming that's the problem. from the standpoint of america, the eu treats us very, very unfairly, very badly. they have a large tax that we know about, and tax that's very substantial and essentially don't take our foreign productss and don't take our cars and send cars to us by the millions. they put far tar hi riffs on things we want to do like preforinstance these are nonecoc or military tariffs and they're bad and make it difficult to bring products into europe and get they expect to be selling and they do sell their products in the unit. we have hundreds of billions of dollars of deficit withs the eu. nobody is happy and we'll do something about t but nobody is happy with it. i think the eu has to speed up their process. friends of mine in some of the

nations within the great people, they want to be able to compete better and you can't compete when you can't get -- go through the approval process fast and there's no reason why it can't go faster so i'm trying to be constructive because i love europe and love the countries of europe but the processes are very cumbersome one and they do treat the united states of america very, very unfairly. with the vat taxes and all of the other taxes they impose and one other just to finish up, i got a call from the head of major airline, one of the biggest in the world and he said, sean: could you help us? landing in europe is brutal. they charge us fees for everything and it's so unfair. i said, how does it compare to china? he said, it's much worse and the other thing as you know, they

took court cases with apple and they supposedly won a case that most people didn't think was much of a case. they won 15 or 16 billion from apple and they won billions from going and will they're after facebook from billions and billions and these are american companies and whether you like them or not, they're american companies and they shouldn't be doing that. and that's as far as i'm concerned it's a form of taxation so we have some very big complaints with the eu. thank you. >> thank you very much, mr. president. we'll go to one of your friends in the eu. the chairman and coo of total energies. i guess you have a question ready, patrick, for the president. >> mr. president, as we understand energy is at the top of your agenda, and it's an hon

honor for me to represent the energy tonight and guys and electricity companies in the world. it's quite clear what you expect from us. we will go to gas more and our company is largest number one exporter lng from the u.s. company. we are strong contributor and invest in number of energy projects in texas, $20 billion, and we continue with that security of supply to europe. we export energy to europe. some experts fear if there's too many projects developed in the u.s. on energy, this could have an inflection natural rights approach impact on the u.s. -- inflinflection reigns leading it

on the u.s. and their pose on investments and energy in the u.s. in what would happen is you'd observe an increase in domestic gas price and exports and final question that's important for europe, would you agree to supply security and supplies of u.s. energy to europe? >> well, over the last part of the question, y i would. i would make -- yes, i would. i'd make sure you get it. if we make a deal, you'll get it. a lot of people have that problem, they make a deal and can't get supplied because of war-type problems and others and we'd absolutely do that. lng is very interesting because when i took office for the first term, one of the first things i looked at was two, there were two very massive plants in louisiana, a state that's been very good to me. won it by many, many points and i felt strongly indebted to it

actually, and they said there's two plants that have been under environmental consideration for more than ten years. they were costing, as you say, you know how expensive the plants are and costing $12 billion and 14 or 15 billion and couldn't get permits and they were in review for years, many, many years. like a decade or more. i said so ridiculous. i know so much about that because of the construction virgin islands i had to go through it too, but i got good at it after awhile. but i went and saw the projects and said you're talking about a total investment of 25-$30 billion, and it looked like it was going to end. they couldn't get their permits. i got them done in less than a week. it was done, completed. in fact, when they called them to announce that it was done, the countries, large reigns leading countries, japan was -- largely countries and japan was

involved and other countries and big investors. they couldn't believe it. do yourself one favor, don't pay any consultants because the only one that got it done was me. i got it done because it was the right thing to do for the for the world. the consultants had nothing to do with it. the consultant goes in and say give us millions of dollars because trump did it. nobody called me about it, i just hear it was a problem for years. i got it done because it was the right thing to do for the u.s. and right thing to do for beyond and had to do with energy, very important. so i think it's very important. i think the, you know, i disagree with wasn't i think the more you do, the lower the prices government i would like to see rapid approvals. we'll give rapid approvals in the united states. like with the ai plants talking to many people who want to build them. that's going to be a very big thing. we're going to build electric generating facile cities. they're -- facilities and they're going to build, i'll give approval. under emergency declaration i

can get approvals down myself without years of waiting. the big problem is we need double the energy we currently have in the united states, can you imagine, for ai to really be as big as we want to have it. it's a very competitive -- it'll be very competitive with china and others. i'm going to give emergency declarations so they can start building them almost immediately. i think it was largely my idea because nobody thought it was possible. not that they weren't smart because they're the smartest, but i told them what i want you to do is build your electric generating plant next to your plant as a separate building connecting and they said, wow, you're kidding. i said no, no, i'm not kidding. you don't have to hook into the grid, which is old and could be taken out if it's taken out, they wouldn't have any way to get any electricity. so we are going to allow them to go at a very rapid basis to

build their plant, build electric generating plant and fuel it with anything they want. they may have coal as a backup, good, clean coal. you know, if there were a problem with a pipe coming in, as an example, you're going with gas, oil and gas, and a pipe gets blown up or for some reason doesn't work, there are some companies in the u.s. that have coal sitting right by the plant so that if there's an emergency, they can go to that short term basis and use our very clean coal so that's something else a lot of people didn't even know about. nothing can destroy coal. not the weather, not a bomb, nothing. might make it a little smaller, might make it a little different shape, but coal is very strong as a backup. it's a great backup to have that facility and wouldn't cost much more money. we have more coal than anybody. we also have more oil and gas than anybody. so we're going to make it so

that the plants will have their own electric generating facilities attached right to their plant. they don't have to worry about a utility or anything and we'll get very rapid approvals. >> thank you, thank you so much, mr. president. now i'll go to another ceo that you know very well. brian monahan, the ceo and chair of bank of america. >> good afternoon, mr. president. congratulations and obviously eventful week for you and your family. if you remember five years ago you came here and we walked among 150 ceos from all over the world and you engaged about your policies and procedures. this year you're not here and yet this week was eventful from the orders you mentioned earlier. literally a wave of orders coming out on immigration, on trade, and many other matters. so as a representative of the united states here, we got a lot of questions about what does all this mean and how would the

president square this with the clear focus on growth, prosperity, market -- stock market growth, a good bond market, and bringing down prices. how do you think about the impact of all the orders and how fast they come out and how you'll balance them with the score card of being successful and continuing gdp growth, bringing down inflation and also having a good stock price appreciation for the american citizen? >> well, i think it'll actually bring down inflation. it'll bring up jobs, we'll have a lot of jobs, a lot of companies moving in. you know, brian, we're at 21%. it was at 40%, and i got it down to 21%, the corporate tax. it was actually, if you look at state and city, in many cases much higher and i got it down to 21% and now bringing down to 15%. if, there's a big if, if you make your product in the u.s.. we'll have just about the lowest rate. it'll be 21 on the low side

worldwide. the 15 is about as low as it gets and by far the lowest of the large country, large, you know, rich, powerful country by far. not even a contest. we're going to bring it down to 15%, if you make your product in the usa. that's going to create a tremendous buzz. we're also probably going back to the one year deduction where we deduct, you know, we did that originally and it was amazing what the impact that had. the one year deduction, which built up over a period of time and expires but we'll go back to that when we do the renewal of trump tax plan. we have to get democrats to approve it but, you know, if the democrats didn't approve t i don't know how they can survive with about a 45% tax increase is what it would be. we've been working along with them very well. it's hard for a political group to charge people 45% more soy think we're in good shape -- so

we're in good shape and doing a reduction for businesses and small businesses where you'll bring it down to 15%, which is really something. and by the way, speaking of you and you've done a fantastic job. i hope you open your bank to conservatives because many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called bank of america. this conservative -- they don't take conservative business. i don't know if regulators mandate that had because of biden or what -- mandated that because of biden but hope you and jamie and everybody open banks to conservatives. a what you're doing is wrong. >> mr. president, i'll say that your friend gianni told me to say hello and looking forward to sponsoring the world cup when it come this is summer and next year so thank you for getting that for the united states. >> thank you very much, brian. >> thank you, mr. president. we'll now go to the executive

chairman of one of the big european banks and also in the u.s.. anna. >> mr. president, congratulations on a historic victory. i believe you don't know me as well as my fellow panelists so a few words. it's one of the largest banks in the world by a number of customers, 170 million, more than my friend brian and jamie have. [ laughter ] [ applause ] >> fix the regulation. >> that's coming. that's coming. >> that was cheeky. >> we are big investors in the united states and have many million customers, 12,000 employees and we're one of the largest auto lenders, and we recently launched a fully digital bank called open bank. we strongly believe bank haves a pivotal role in the economy, and we can accel brate! growth and

help -- accelerate growth and help many more customers like we're doing in the united states. as brian pointed out, we welcome your focus on deregulation and reducing bureaucracy. my question is, what are your priorities in this regard, and how fast is this going to happen? thank you very much. >> i think it's going to -- thank you and congratulations. i know very much about your bank, and you've done a fantastic job. congratulations. we are going to move very quickly. we've moved very quickly and done things in the last three days nobody thought were possible to do in years. it's all taken -- it's all taking effect and will have a huge impact on the economy and huge positive impact. money was being wasted on crazy things. i mean, the green new deal was such a total disgrace. what -- how that was perpetrated and conceived by people that were average students, less than average students i might add,

and never even took a course in energy or the environment. it was just a game. reck the world was going to end in 12 years. the 12 years has come and gone. it was going to end and all foment to earth and the time has come. these people and they really scared the democrats large -- i can't say the republicans because the republicans maybe could have fought harder to stop it, but it's been a tremendous waste of, tremendous waste of money. during my four years, we had the cleanest air, the cleanest water and yet we had the most productive economy in the history of the country. we had the most productive economy. till covid, we had the most productive in the history by far, and actually you can look worldwide. we were beating everybody from china to everybody else. so we think we really now with what we've learned and all of

the other things that have taken place, we think we can even far surpass that and actually far, far surpass it. but we do -- one thing we're demand sering respect from other nation -- demanding respect from other nations, can dam it we have a tremendous deficit with canada. we can't do it. i don't know if it's good for them. as you probably know, i say you can always become a state. if you're a state, we won't have a deficit and won't have to tariff you, et cetera, et cetera. canada has been very tough to deal with over the years, and it's not fair that we should have a $200 billion or $250 billion deficit. we don't need them to make our cars and they make a lot of them. we don't need their lumbar because we have our own forests, et cetera, et cetera. we don't need their oil and gas. we have more than anybody. so, you know, just as an example, with mexico we're dealing with mexico i think very well. we're just, you know, we just

want to be treated fairly with other nations because there's hardly a nation in the world, and i blame this on us and i blame it on politicians that for some reason, probably mostly stupidity but also could say other reasons but mostly stupidity, they've allowed other nations to take advantage of the u.s.. we can't allow that to happen anymore. we have debt. it's a very small debt comparing to value and value of assets we have. we don't want to do that and just want to have debt be obliterated and we'll be able to do that fairly rapidly and a lot of good things will happen. honestly good things will happen for the world and good things will happen for the people dealing with us. allies and beyond allies. one thing very important, i really would like to be able to meet with president putin soon and get that war ended, and that's not from a standpoint of economy or anything else.

it's from the standpoint of millions of lives are being wasted. beautiful, young people are being shot in the battlefield. you know, the bullet, very flat land as i said and the bullet goes. there's no hiding and a bullet, only thing going to stop a bullet is the humid body. you have to see -- i've seen pictures of what's taken place. it's a carnage. we really have to stop that war. that war is horrible. i'm not talking economy, i'm not talking economics, i'm not talking about natural resources. i'm just talking about so many young people being killed in this war, and that's not including the people that have been killed as the cities are being, you know, knocked down building by building. so we really should get that stopped. likewise in the middle east, we've made a lot of progress in the middle east, and i think that will come along pretty well. >> thank you. >> thank you, mr. president. we know most consequential

relationship in the world is between the u.s. and china. u.s. is 28th% of the global economy and china close to 20. almost half of the global gdp. we know that you called president xi jinping last friday. we heard that you had a goodies cushion. good discussion. how do you see the relationship between u.s. a and china over te next four years? >> he called me but i see it very good. i think we're going to have a very good relationship. all we want is fairness. we just want a level playing field. we don't want to take advantage. we've been having massive deficits with china. biden allowed it to get out of hand. he's $1.1 trillion deficit is ridiculous and unfair relationship. we have to make it just fair. not phenomenal, but just make it a fair relationship. right now it's not a fair

relationship. the deficit is massive. as it is with other countries, a lot of asian countries actually, but we have deficits that are very big, and we can't keep doing that so we're not going to keep doing that. i like president xi very much, i've always liked him and we've always had a good relationship. it was very strained with covid coming out of wuhan. obviously that strained it and i'm sure it strained it with a lot of people. that strained our relationship, but we always had a great relationship i would say. we look forward to doing very well with china and getting along with china. hopefully china can help us stop the war with in particular russia, ukraine, they have a great deal of power over that situation. we'll work with them and i mentioned that during our phone conversation with president xi and hopefully we can work together and get that stopped. we'd like to see the nuclearization. in fact, with president putin prior to an election result,

which was frankly ridiculous, we were talking about de-nuclearization of our two countries, and china would have come along. china has a much smaller right now nuclear armament than us or field than us. they're going to be catching it at some point over the next four or five years. i will tell you that president putin really liked the idea of cutting way back on nuclear, and i think the rest of the world would have gotten them to follow. china would have come along too. china also liked it tremendous amounts of money being spent on nuclear and the destructive capability is something we don't even want to talk about today. because you don't want to hear it. it's too depressing. we want to see if we can de-nuclearize and that's very possible. i can tell you that president but -- presidentputin wanted to. he and i wanted to do it and we

had a good conversation with china and they would have been involved and that would have been an unbelievable thing for the planet. >> mr. president, when you're back here in davos next year, will there be a peace agreement with ukraine and russia by then? >> well, you're going to have to ask russia. you crane is ready to -- ukraine is ready to make a deal. so you understand, this is a war that should have never started. if i were president, it would have never started. this is a war that should have never ever been started. it wasn't started during -- there was never even talk about it. i knew it was the apple of president pew putin's eye, and i knew he wasn't going to go in and he wasn't going to. when i was out, bad things hammed, bad things were said. a lot of stupidity all around and end up with what you have and now it's bombed out cities and looks like demolition site withs many people killed.

the thing about ukraine is far more people died than is being reported. i've seen that. but far, far more people have died. when you look at a city that's become a demolition site where big buildings have been col collapsed by missiles and everything else, they say one person was slightly injured. no, no, many people were killed. those are big buildings and i was surprised at how -- this is my business. buildings that go two and three blocks long and 20 stories high and big powerful building ands knocked down. there were a lot of people in the building ands announced two people were injured. that's not true. you'll find there were many more people killed in ukraine and in the ukraine war than anybody has any idea. looking now, so many people being killed are soldiers just facing each other with guns, rifles, and drones, new form of warfare is drones. it's a sad thing to see.

when you see pictures of the fields that i see, nobody wants to see it. you'll never be the same. >> thank you very much, mr. president, on behalf of all the 3,000 participants here in davos, we really, really underline that joining us the third day in your presidency live, taking questions here, is so appreciated, and we are already ready for receiving you next year in person so thank you very much, and all the best from davos. [ applause ] >> thank you. thank you very much. >> thank you. [ applause ] brian: that was president donald trump at the world economic forum in davos, switzerland and as noted in the end, third full day on the job and he was there taking questions from members on

the stage, and it was quite a speech i would say, a characteristic trump speech pull nothing punches, making his agenda clear. i would say if i had to come up with a theme for it, something he said repeatedly and especially at the end is if you look at all this, we just wanted to be treated fairly. >> exactly. brian: coming to foreign policy and tariffs. almost any issue, that's kind of the precondition, and we'll play fairly, but we'll play on a level playing field. no more gifts to the world. that's a very trumpian message and he's been on that since day one and part of the reelection campaign, madison. madison: yes, and i think fair is the word of the speech or questions and pulls no punches. some of the panelists said we know what you want out of us in terms of energy perspective. he says it like it is. heard it even talking about opec and saudi arabia and oil prices and there's a hot board there.

talking about saudi arabia to bring down the prices and upset they didn't do so before the election and oil prices are down now as a result. he talked a lot about tariffs, both domestically in terms of people making products here in the u.s. saying a 15% tax rate. that's remarkable in terms of the modern world. really enticing for development in the u.s.. then, yeah, that fair message. china, that was a fascinating piece at the end and had the call with xi and clarify that had xi called him and that he just wants -- it's about doing fair business with china, who is rapidly catching up with the u.s.. brian: regulations, bring them down, energy bring them up and nobody taking advantage of united states of america. sum it up in those words. but we'll turn to this now. trump administration directed all federal diversity, equity, and inclusion staff be put on leave. let's bring in chris ruffo

joining me now. good to see you, chris. you led the charge to end dei. got to feel god on one level ans this the progress to see and what needs to happen? >> yeah, president trump's progress has been stunning and i've been working on this campaign for five years since the closing days of last administration and what we've learn second-degree in the intervene -- learned is in the intervening four years, trump and his team have been preparing and these executive orders abolish dei within the federal government and extends the restriction on dei policies to anyone who receives federal funding so every big corporation, every major university, every big city school district. they're going to have to wind down their racist and discriminatory dei programs, and this is something we've been fighting for. i'm so happy heavyweights got tennessee done. his -- he's gotten it done and his team deserves enormous credit. brian: president trump put higher education on notice over "dangerous, demeaning, and

immoral dei teachings". he launched a federal review of dei teaching ands practices at universities receiving federal funding. it's not just the federal government but the attached entities as well and heavyweights got maybe a little less district control over universities and -- direct control over universities, but do you think it'll move the needle general council and universities are reviewing and starting to make recommendations and how they did avoid getting wrecked by federal civil rights investigations and the president has instructed his administration to start investing up to nine or more universities with a billion or more in their endowments and so the message is simple, harvard, yale, princeton, stanford, and everybody else, you're on notice. the federal government is going

to enforce color blind equality and to the extent you're discriminating against people in admissions and hiring and others, you'll be punished to the fullest extent of the law and including revocation of billions in federal funds. brian: christopher rufo, you were in the wilderness on this in some ways a few years ago and on the front and seeing results. congrats to you and thanks for being with us today. >> thank you so much. brian: time for the thursday trivia question. which of the following is not a requirement to be president? 35 years old, natural born u.s. citizen, living in the united states for at least 14 years or registered in the selective service system? we'll give you the answer when we return.

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david: before the break we asked which of the following is not a requirement to be president? madison what do you say? madison: i go with number 4, registered in the selective service system, because that is a system used for the draft

like in the case of war. women aren't entered into that. that's my reasoning. brian: i think that's an excellent reason to choose number 4. can't disagree with it. i will choose number 4. let's see what the answer is. the answer is registered in the selective service system. for those who don't know the selective service system is the way our government keeps a list of names of men from which to draw on national emergency requiring rapid expansion of our armed forces. madison: they don't require women yet. i'm okay with it. brian: is "the big money show" is getting bigger starting monday. you can watch me, taylor briggs, jackie deangelis and dagen mcdowell from noon to 2:00 p.m. . that is it for varney and company today. cheryl casone he, all yours. cheryl: we begin with this. donald trump signaling america is back on the world stage