>> app today. enter $5 and get $50 instantly with code tv. prospects run your game the first 100 days. it's a critical time for our country, and rachel maddow is on five nights a week. >> now is the time, so we're going to do it. settle in. >> the rachel maddow show weeknights at 9:00 on msnbc. >> each week on my podcast, i'm joined by uniquely qualified guests who help me take a big picture. >> look at.

>> the issues. like representative jasmine crockett, late night host seth meyers. former attorney general. eric holder. >> and many more. why is this happening? >> listen now. >> welcome back. it's 11 a.m. eastern, 8 a.m. pacific. i'm ana cabrera in for jose diaz-balart and happening at any moment now, president trump is set to deliver remarks on the world stage for the first time since his white house return. the president will appear virtually to address thousands of top leaders from both public and private sectors at the world economic forum in davos. and we'll bring that to you live just as soon as it begins here with us as we await those remarks. nbc's kelly o'donnell and christine romans, msnbc contributor amna nawaz, co-anchor at pbs newshour. and michael steele, former rnc chairman. he's also the co-host of the weekend here on msnbc. okay, kelly, what do we expect to hear from trump as he returns to the world stage? well, it is certainly noteworthy that this

is the first world stage moment, because this is an event that means a great deal to president trump. i was part of the reporting team in his first term when we went to davos to cover him there twice, i think. and it is important because this is a group of leaders from the global business community. it includes from government, from business really players on the global stage. and he has long wanted to be accepted and influential in their midst. and certainly when you're president of the united states and a billionaire, that is kind of the home turf for him. and so this is a place where he can talk to influential ceos. he can talk to u.s. governors who are attending power players from a very wide swath. and part of what happens in davos is that this is where policy is set about the intersection of governance and economics. and boy, are those issues at the root of what makes

so much of foreign policy, financial relationships, business, enterprise. and here is a person coming into office talking about tariffs that can put a chill on relationships internationally. so may we learn more about his tariffs policy. is he using it in order to extract something from players on the world stage. other countries. is he using it as a deal making point? those kinds of things. so this is a group that matters to donald trump as president. it matters to him in his business life prior to this. and this is a chance for him to set the new terms of his presidency. we've already seen on the domestic side in these first days that he is going big and bold and with a fire hose of ideas that he's trying to put into executive actions. this will be his first chance to speak about the impact on the world stage. so it is an important event in that regard. had it not been timed for this week, i suspect he would have gone in person. anna. christine,

we're just we're talking about this upcoming moment. what are you going to be watching for. >> what he says to this world stage about tariffs. it makes them very, very nervous. the other thing, too, is that the president has been very critical of china and how the u.s. has to be tough on china. at the same time, though, threatening america's allies with punishment over trade at a time, you would think that the u.s. and its allies would join together to combat china on the world stage. so how will he square that circle? and in terms of these tariffs, he has been very, very clear that he is going to do this. he also said he would do it day one. he did not impose tariffs on day one. so these world leaders are going and these world business leaders are going to be trying to figure out is he negotiating. is there wiggle room here. how do we how do we move forward with the president, with the president of the united states, who sees the rest of the world taking advantage of america when the people routinely when the people in that room look at the u.s. and actually see the strongest

economy in the world, the most resilient economy in the world, they want to be more like america. donald trump's worldview is different that that they're all cheating america, and they're all getting the best out of america. so it's a very different, different worldview from these two groups. >> and we're keeping an eye on what's happening there. there's live picture inside the room in davos, switzerland, where we are expecting president trump to appear virtually in moment. amna, on this issue of tariffs. we talked about this was a day one promise. he did go forward with 46 executive actions and executive orders on day one but not the tariffs. what's he waiting for. >> that's right. >> i see. >> folks taking the stage. just let me know if. >> you need me to cut off quickly here. >> but you know. >> you're right. it was a day one promise. many other day. one promises were seen through. >> i do. >> think one of president trump's greatest skills in terms of negotiating or starting the terms of negotiating, is keeping people on their back foot. i've heard this from other world

leaders, both among our allies and our adversaries, is they don't know what to expect. >> and i'm not sorry to interrupt. they're introducing president trump right now. let's listen in. >> we highly. >> appreciate your. >> presence with us today. we wish you all the best as you take on your critical work ahead. the global challenges we face today are monumental. the importance of american leadership and your personal leadership in this regard is fundamental and paramount. we are here to hear your vision and policies related to revitalizing the economy and addressing the global challenges. as you might expect, mr. president, your return to office and your forthcoming policies have been

at the focus of our discussions this week. the discussions among 3000 political and business leaders from over 130 countries who came together here in davos. we look forward to hearing first from you and then to the follow up discussion with business leaders, moderated by my colleague borge brende. ladies and gentlemen, the president of the united states, donald j. trump. >> well, thank you very much, klaus. and hello to everyone in beautiful davos. this has been a truly historic week in the united states. 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, even some of my so-called enemies, said it was the most consequential election victory in 129 years. that's quite nice. what the world has 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 racked up $8 trillion in wasteful deficit spending and inflicted 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 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 spending this year is $1.5 trillion higher than was projected to occur when i left office just four years ago. likewise, 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 marshal all powers at their disposal 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 efficiency. i terminated the ridiculous and incredibly wasteful green new deal. i call it the green new

scam, withdrew from the one sided paris climate accord and ended the insane and costly electric vehicle mandate. we're going to 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 of any country on earth, and we're going to use it. not only will this reduce the cost of virtually all goods and services, 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 have 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 economy, our majorities in the house and senate, which we also took along with the presidency, are going to pass the largest tax cut in american history, including massive tax cuts for workers and families 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 just reading any paper, my message to every business in the world is very 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. but if you don't make your product in america, which is your prerogative, then very simply you will have to pay a tariff, differing amounts, but a tariff which will direct hundreds of billions of dollars and even trillions of dollars into our treasury to strengthen our economy and pay down debt. under the trump administration, there will be no better place on earth to create jobs, build factories, or grow a company than right here in the good old usa. already americans economic. you can see this. i think maybe even in your in your wonderful, wonderful room that you're all gathered together. so many of my friends but 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 announced that small business optimism skyrocketed by 41

points in a single month. that's the highest ever. there's never been anything like that. softbank has announced between a 100 and $200 billion investment in the us economy because of the election result, and just two days ago, oracle, softbank and open ai announced a $500 billion investment in ai infrastructure. other companies likewise have announced billions and billions and billions, adding up to trillions of investment in america in 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 crown prince, who's a fantastic guy, to round it out to around 1 trillion. i think they'll do that because we've been very good to them. and i'm also going to ask saudi arabia and opec to bring down the cost of oil. you got to bring it down, which frankly, i'm surprised they didn't do before the election. that didn't show a

lot of love by them 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 got to bring down the oil price. you got to end that war. they should have done it long ago. they're very responsible actually, to a certain extent, for what's taking place. millions of lives are being lost. with oil prices going down, i'll demand that interest rates drop immediately. and likewise, they should be dropping all over the world. interest rates should follow us all over. the progress that you're seeing is happening because of our historic victory in a recent presidential election, one that has become quite well known throughout the world. i think a lot of things are happening to a lot of countries. they say that there's light shining all over the world since the election, and even countries that we aren't particularly friendly with are happy because they understand what there is a future and how

great the future will be under our leadership. america is back and open for business, and this week i'm also taking swift action to stop the invasion at our southern border. they allowed people to come in at levels that nobody's ever seen before. it was ridiculous. i decided a and declared to do and very, very importantly a national emergency on our border immediately halted all entry of illegal border crossers, of which there were many, and began promptly returning the illegal trespassers back to the place from which they came. that action, as you've probably seen, has already started very strongly. i've deployed active duty u.s. military and national guard troops to the border to assist in repelling the invasion. it was really an invasion. we will not allow our territory to be violated. after four long years. the united states is strong and sovereign

and a beautiful nation once again. 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. no longer will our 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 saved it strongly with another historic executive order this week, i also ended the weaponization of law enforcement against the american people and, frankly, against politicians, and restored the fair, equal and impartial rule of law. my administration has taken action to abolish all discriminatory diversity, equity and inclusion nonsense. and these are policies that were absolute nonsense

throughout the government and the private sector. with the recent yet somewhat unexpected great supreme court decision just made, america will once again become a merit based country. you have to hear that word merit based country. and i've made it official. an official policy of the united states, that there are only two genders, male and female. and we will have no men participating in women's sports and transgender operations, which became the rage will occur very rarely. finally, as we restore 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. it was only at 2%, and most nations didn't pay

until i came along. i insisted that they pay, and they did, because the united states was really 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. before even taking office, my team negotiated a cease fire agreement in the middle east, which wouldn't have happened without us, as i think most of the people in the room know. earlier this week, the hostages began to return to their families. 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 to secure a peace settlement between russia and ukraine are now hopefully underway. it's so important to get that done. that is an absolute killing field. millions of soldiers are being killed. nobody's seen anything like it since world war two. 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, and nobody's seen anything like it since world war two. 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 been a big event. they've been talking about it for ten years. we also have the world cup. and i understand gianna gianna is in the room. infantino he was very instrumental in helping us get it. he's there with you someplace, i think, and i want to thank him for that. and then we have the olympics coming up, which i was instrumental in getting also in my first term. and who would have known that by skipping a term, i would get the olympics? i was upset, i said, you know, i got the olympics to come and i won't be president. but it turned out, through a stroke of luck or whatever you might call it, that i'm going to be president during the world cup and the olympics and the 250th anniversary. so that's

going to be three big events. and we've accomplished more in less than four days. we have really been working for more days than other administrations have accomplished in four years. and we're just getting started. it's really an amazing thing to see in the spirit. and the light over our country has been incredible. under the last administration, our nation has suffered greatly, but we are 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. i thought it might be a little bit quick to make it the first stop, but 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.

>> 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. but next year it will be even better because then you can get the 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 open up for interaction here. we have a great panel with some of the most distinguished business people in the world. let me start with someone that you know really well, that i think is almost a neighbor of you in mar-a-lago in florida. mr. steve schwarzman, chairman, ceo and co-founder of blackstone group. so, steve floor is yours. >> well, mr. president. >> i'm sure. >> the crown prince of saudi.

>> arabia will be. >> really glad you gave this. speech today. >> you've had the busiest four. >> days that anybody can imagine. and congratulations for that. and my question is, is about some of the things. >> i've observed. >> here at davos. it's a forum.f people, as usual. i think 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 the numerous factors, but especially because

of regulations. and you've taken a completely different approach in this area. and if you could explain the theory of what you're doing, how you're going to do it, and what you expect the outcome to be, i'd appreciate it. >> well, thank you very much. and congratulations, steve. you're a friend of mine, but on a great career. you've had an amazing career and it continues. i just want to congratulate you. very inspirational to a lot of people. i want to talk about the eu because you mentioned specifically that i have also had a lot of friends and leaders of countries. i've gotten to know them all my first term and a little bit during this period of four years and know them well, like him a lot, but they're very frustrated because of the time everything seems to take to get approved

environmental impact statements for things that you shouldn't even have to do that and many, many other ways that it takes. and i'm going to give you a quick little example. i in the private life, my beautiful private life, before i had all these things happening, the world is a little different. i had a nice, simple life. you knew that. but when i had that simple life, i did projects and i had a big project in ireland, and 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, very efficient, good approval. and they informed me, though, the problem is you're going to have to get it from the eu. and we think that will take 5 to 6 years. and they said, you have to be kidding. and this was before politics. and i said, wait a minute, it's not that important. i don't want to go 5 or 6 years, but it would have been a big investment. it would have been nice and it would have

been good for the project. and i said to the people, to the eu to see if they could speed it up. and basically it was a 5 or 6 year wait just to get a simple approval that ireland gave me in a period of literally not much more than a week. and i realized right then that was the first time i really was involved with the eu. but i realized right then that's a problem and i didn't even bother applying to do it. and or if i did, i pulled it very quickly. i don't want i have to be very accurate because i don't want to be criticized. he did apply, actually, no, i want to be very accurate. so i don't think i did, but if i did, i pulled it very quickly. it was just something you couldn't wait five years or six years to get an approval. so a lot of in a very big business sense, a lot of 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 a vat tax, and it's a very substantial one. they don't take our essentially don't take our farm products and they don't take our cars yet they send cars to us by the millions. they put tariffs on things that we want to do. like, for instance, i think they actually in terms of these are non-economic or non-monetary tariffs and those are very bad and they make it very difficult to bring products into europe. and yet they expect to be selling and they do sell their products. and they say we have, you know, hundreds of billions of dollars of deficits with the eu and nobody's happy with it, and we're going to do something about it, but nobody's happy with it. so i think the eu has to speed up their process. friends of mine that are in some of the nations within the eu, great people, they they want to be able to compete better. and you can't compete when you can't get go through the approval

process fast. there's no reason why it can't go faster. so, you know, i'm i'm trying to be constructive because i love europe. i love the countries of europe. but the process is a 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. one other. just to finish up, i got a call from the head of a major airline, one of the biggest airlines in the world, and he said, sir, could you help us? what? 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. they won billions from google. i think they're after facebook for billions and billions. these are american companies, 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 now go to one of your friends in the eu, patrick poiana. he's the chairman and ceo of totalenergies. 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 honor for me to represent the energy industry tonight in this panel. total energy is indeed the fourth largest oil and gas and electricity company in the world. i will not ask you a question about the oil price.

it's quite clear what you expect from us. i will go to gas more and we our company is the largest number one exporter of lng from the us company. we are a strong contributor to. and we invest in a mammoth lng projects in texas, $20 billion. it's far from 200, but it's $20 billion. and we contribute with that to security of supply to europe as we export these lng to europe. some experts are fear that if there are too many projects developed in the us on lng, this could have an inflationary impact on the us domestic gas price. and they recommend a pause on these projects. i would ask you the following question. what are your views about such a pause on investments on lng in the us? what would happen if you would observe an increased

domestic gas price because of its exports? and the final question, which is important for europe, would you agree to guarantee security of supplies of us lng to europe? well. >> in the last part of your question, yes, i would i would make sure that you get it. if we make a deal, we make a deal. you'll get it. because a lot of people do have that problem. they make a deal and then they can't get supplied because of war type problems and other problems. so we would 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 has been very good to me, wanted by many, many points. and i felt strongly indebted to it actually. and they said there are two plants that have been under environmental consideration for more than ten years and they were costing, as you say, you know how expensive

those plants are, but they were costing like 12 billion and i think 14 or 15 billion. but they couldn't get their permits. it was they were in review for years, many, many years, like a decade or more. and i said, so ridiculous. i know so much about that, because in the construction industry i had to go through it too. but i got good at it after a while, but i went, i saw the projects, and you're talking about a total investment of 25 to $30 billion, and it looked like it was going to end. they couldn't get their permits, and i got them done in less than a week. it was done, completed. in fact, when they called him to announce that it was done, the countries, largely countries, japan was involved and another country and some very big investors, they couldn't believe it. they actually couldn't believe it. and i said, just 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 us and for the world, but the consultants had nothing to do with it. you know, the consultants go in and they say, give us millions of dollars because trump did it. nobody called me about it. i just heard it was a problem for years, and i got it done because it was the right thing to do for the us and the right thing to do for beyond. it had to do with energy. very important. so i think it's very important. i think the, you know, i disagree with one. i think the more that you do, the lower the price is going to go. and what i'd like to see is rapid approvals. we're going to give very rapid approvals in the united states, like with the i plans, talking to many people want to build them. that's going to be a very big thing. we're going to build electric generating facilities. they are going to build. i'm going to get them the approval under emergency declaration. i can get the approvals done myself without having to go through years of waiting. and the big problem is we need double the energy we currently have in the united states. can you imagine for i to really be

as big as we want to have it, because it's a very competitive, it'll be very competitive with china and others. so i'm going to give emergency declarations so that they can start building them almost immediately. and i'm i think it was largely my idea because nobody thought this was possible. it wasn't that they were not smart because they're the smartest, but i told them that what i want you to do is build your electric generating plant right next to your plant as a separate building, connected. and they said, wow, you're kidding. and i said, no, no, i'm not kidding. you don't have to hook into the grid, which is old and, you know, 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 in a very rapid basis to build their plant, build the electric generating plant. they can fuel it with anything they want, and they may have coal as a backup. good clean coal. you

know, if there were a problem with a with a pipe coming in as an example, you're going with gas oil or 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 that a lot of people didn't even know about. but nothing can destroy coal. not the weather, not a bomb, nothing. it 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 it wouldn't cost much more, more money. and 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, they don't have to worry about anything. and we're

going to get very rapid approvals. >> thank you. thank you so much, mr. president. we'll now go to another ceo that you know very well, brian monahan, the ceo and chair of bank of america. >> good afternoon. >> mr. president. and congratulations. and obviously an 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 with them about your policies and your procedures this year. you're not here. and yet, this week was eventful. from the orders that you mentioned earlier, literally a wave of orders coming out on immigration, on trade and many other matters. and 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 his clear focus on growth, prosperity, market growth, stock market growth, a good bond market, and bringing down

prices. so how do you think about the impact of all these orders and how fast they come out and how you're going to balance them with that scorecard of being successful in both contain continuing. gdp growth, bringing down inflation, and also having. >> a. >> good stock price appreciation for the american citizen. >> well, i think it's going to actually bring down inflation. it's going to bring up jobs. we're going to have a lot of jobs. we're going to have 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. and it was actually if you look at state and city, it was in many cases much higher than 40%. i got it down to 21%. and now we're going to bring it down from 21 to 15%. if there's a big if you make your product in the us. so we're going to have the lowest, just about the lowest rate it'll be the 21 is on the low side worldwide. the 15 is about as low as it gets and by far the lowest of a large country, a large, you know, rich, powerful country by far. not even a

contest. so we're going to bring it down to 15%. if you make your product in the usa. so 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 that was amazing what the impact that that had the one year deduction which built up over a period of time and then it expires. but we're going to go back to that when we do the renewal of the trump tax plan. we have to get democrats to approve it. but you know, if the democrats didn't approve it, i don't know how they can survive with about a 45% tax increase, because that's what it would be. and so i think they're going to be we've been working along with them pretty well. i think it's very hard for a political group to say, let's charge people 45% more. so i think we're in good shape, but we're actually doing a reduction for business and small businesses where you're going to bring it down to 15%, which is really something. and by the

way, speaking of you, and you've done a fantastic job, but i hope you start opening 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 that's conservative. they don't take conservative business. and i don't know if the regulators mandated that because of biden or what, but you and jamie and everybody, i hope you're going to open your banks to conservatives because what you're doing is wrong. >> mr. president, i'll say that your friend johnny, who said hello, told me to tell you hello. and we look forward to sponsoring the world cup when it comes both this summer for the club 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 ana botin. she's the executive chairman of banco santander, one of the big european banks. and also in the us. so ana. >> mr. president.

>> congratulations on a historic victory. i believe you don't. >> know me as well as my fellow panelists. so a few words. >> santander is. one of the largest banks. >> in the. >> world by. >> number of customers, 170 million. >> that's more than my. >> friend brian or my friend jamie have. >> and those. >> they fixed. >> the regulation. >> with you. >> yeah. >> that's coming, that's coming. >> that was tricky. >> we are we are a big investor in the united states. we have many million customers, 12,000 employees. we are one of the largest auto lenders. and we recently launched a fully digital bank called openbank. we strongly believe banks have a pivotal role in the economy, and we can accelerate growth and help many more customers. that's what we're doing in the united states. so as brian pointed out, we very much welcome your focus on deregulation and reducing

bureaucracy. so 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. we've done things in the last three days that nobody thought were possible to do in years, and it's all taken. it's all taken effect. it's going to have a huge impact on the economy, a huge positive impact. money was being wasted on crazy things. i mean, the green new deal was such a total disgrace. what what how that was perpetrated. and it was conceived of 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. remember, the world was going to end in 12

years. remember that? well, the 12 years has come and gone. it was going to end. it was going to all foam into earth. but, you know, the time has come. these people and they they really they really scared the democrats largely. i can't say the republicans, republicans maybe could have fought harder to stop it. but it's been a tremendous waste of a tremendous waste of money. you know, during my four years, we had the cleanest air, we had the cleanest water, and yet we had the most productive economy in the history of our country. we had the most productive economy until covid came. we had the most productive in the history of our country by far. and, and, and actually, you can look worldwide. we were we were beating everybody from china to everybody else. so and we think we really now with what we have learned and all of the other things that have taken place, we think we can even far surpass that actually far, far surpass it. but we do one thing

we're going to be demanding is we're going to be demanding respect from other nations. canada. we have a tremendous deficit with canada. we're not going to have that anymore. we can't do it. it's i don't know if it's good for them. and as you probably know, i say you can always become a state. and if you're a state, we won't have a deficit. we won't have to tariff you. et cetera. et cetera. but 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 lumber because we have our own forests. et cetera. et cetera. we don't need their oil and gas. we have our we have more than anybody. so, you know, just as an example, with mexico, we're dealing with mexico, i think, very well. and 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 i'm probably mostly it's stupidity. but you could also say other reasons, but mostly stupidity. they've allowed other nations to take advantage of the us and we can't allow that to happen anymore. you know, we have debt. it's a very small debt. when you compare it to value the value of the assets that we have. but we don't want to do that. we want to just have debt be obliterated, and we'll be able to do that fairly rapidly. and a lot of good things are going to happen. and honestly, good things are going to happen for the world and good things are going to happen for the people that are 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 the 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 there's no hiding. and a bullet. the only thing going to stop the bullet is a human body. and you have to see. i've seen pictures of what's taken place. it's a carnage. and we really have to stop that war. that war is horrible. and i'm not talking the economy. i'm not talking economics. i'm not talking about natural resource. i'm just talking about there's 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, i think we've made a lot of progress in the middle east. and i think that's going to that's going to come along pretty well. >> thank you. thank you, mr. president. we know that the most consequential relationship in the world is between the us and china, us, 28% of the global economy, china close to 20. that's almost half of the global

gdp. and we know that you called president xi jinping last friday. we heard that you had a good discussion. how do you see the relationship between the us and china in the next four years under your leadership, leadership? >> he called me, but i see it very good. i think that 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 deficits. ridiculous. and it's just an unfair relationship. and we have to make it just fair. we don't have to make it phenomenal. we have to 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. but i like president xi very much. i've always liked him. we always had a very good relationship. it was very strained with covid coming out of wuhan. obviously that strained it. i'm sure it strained it with a lot of people, but that strained our relationship. but we always had a great relationship, i would say, and 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, and they have a great deal of power over that situation and we'll work with them. and i mentioned that with the during our phone conversation with president xi. and hopefully we can work together and get that stopped. we'd like to see denuclearization. in fact, with president putin prior to an election result, which was frankly ridiculous, we were talking about denuclearization 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, but they're going to be catching it at some point over the next 4 or 5 years. and 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, we would have gotten them to follow and china would have come along, too. china also liked it. tremendous amounts of money are being spent on nuclear, and the destructive capability is something that we don't even want to talk about today, because you don't want to hear it. it's too depressing. so we want to see if we can denuclearize. and i think that's very possible. and i can tell you that president putin wanted to do it. he and i wanted to do it. we had a good conversation with china. 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 then a peace agreement with ukraine and russia by then? >> well, you're going to have to ask russia, ukraine is ready to make a deal. just so you understand, this is a war that should have never started. if i were president, it would never have started. this is a war that should have never, ever been started. and it wasn't started during my. there was never even talk about it. i knew that it was the apple of president putin's eye, but i also knew that there was no way he was going in and he wasn't going to go in. and then when i was out, bad things happened. bad things were said, a lot of stupidity all around. and you end up with what you have now. you have all these bombed out cities. they look like demolition sites with many people killed. i think the thing that you'll see about ukraine is that far, far more people have died than is being reported, and 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 collapsed by missiles hitting them and everything else, and they say one person was slightly injured. no, no, many people were killed. those are big buildings. i was surprised at how that was my business. these are buildings that go two and three blocks long. they're 20 stories high. they're big, powerful buildings. and they were knocked down. and there were a lot of people in those buildings that announced that two people were injured. that's not true. so i think you're going to find that there were many more people killed in ukraine and the ukraine war than anybody has any idea. but if you look now, so many of the people being killed are soldiers just facing each other with guns, rifles and drones. the new form of warfare drones. and it's a very sad thing to see. and 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 3000 participants here in davos, we really, really underlined that. joining us, the third day in your presidency live taking questions here. it's 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. >> thank you. thank you very much. thank you. >> you've been listening to president trump who appeared via live stream at the world economic forum in davos, switzerland and back with us to break down what we just heard, nbc's kelly o'donnell and christine romans. so, christine, first, a lot there. any obvious fact checks we need to get out of the way? >> well, he's talking a lot about inflation in the united states. and just just a fact check, their inflation was much higher in the 80s when donald trump was in his 30s. that was 14% inflation. we're back down to 2.9%. but the sting of

inflation is one of the things that really got him into office. and he's pledging that his policies will lower inflation. he's he's asking opec to start pumping more oil to lower gas prices. he said oil prices that would that would end the war in ukraine. that would lower prices of just about everything. so you're hearing the president talk about his plans on a global stage. also, he would like to cut, you know, corporate taxes in the us all the way down to 15% and saying to these countries and these companies, hey, make your stuff here and you won't have tariffs, you'll have a really low tax rate. otherwise we're going to fight back. >> i mean, on the issue of those comments about asking saudi arabia and opec to pump more oil or saying he will demand interest rates drop globally, does he have the kind of power to make all of that happen? >> no. and next week, the federal reserve of the united states meets. and it's mostly expected to not lower interest rates because inflation is still too high in the us. so there is a potential there is a potential conflict budding between the fed

and the presidency. but you're right. you heard the president say he will bring down inflation. he will have opec. he will ask opec to start pumping more oil to lower oil prices. and he wants the fed to lower interest rates and the rest of the world to follow with lower interest rates as well. these central banks are independent. they are made to be independent, away from politics and the vicissitudes of who is in and who is out of office, so that they're just looking at the economics. so we'll see what that fight could be in the days ahead. >> do any of his executive orders at this point bring down inflation? >> he's got a memorandum of understanding that asks for the all the all the levers of government to focus on lowering costs for consumers. but it doesn't like order trucking companies or a grocery store or anything in the pipeline to lower prices. it's mostly, i guess, symbolic, setting the stage that this is a priority in the government. >> and kelly, he really seemed to throw the kitchen sink into his opening comments. and throughout, really, he brought up the action on the southern border. he talked about transgender rights, which again,

we should do a quick fact check. as he said, transgender operations, which have become the rage, will occur very rarely. they're not the rage. we're talking a very, very small group of gender affirming operations that are taking place every year. but why bring all of that up at this forum? what was he trying to accomplish here? well, this is very typical for president trump, where he uses the bully pulpit and a megaphone and makes it an opportunity to talk about all the things that he thinks are important in terms of policy and culture and the things that he thinks got him elected and give him the base of support that he enjoys, especially in these early days. a lot of those issues have nothing to do with the group that is convened in davos. the results of the election that he went into, that's not relevant to them today. so some of this is just the style that donald trump brings to his world stage moment. notably, he talked about

wanting to meet with vladimir putin right away. that is a stark and important statement because vladimir putin has been exiled in the world community. he is not at the major meetings of world leaders. he is not speaking by phone to many of the world leaders because of his war in ukraine. and so to reach a point where he would get parity with a us president in a meeting, something that putin would want very much is a very notable thing. perhaps it is the best way for president trump to use the influence he would have to bring about an end to that war, if he chooses to have that kind of a meeting. and soon, as he described it, that's very notable. he talked about his relationship with president xi of china that is critical for the competition and the global positioning of the us and china, especially when you consider that china has an ability to show aggression to places like taiwan. so many of these things are about projecting his

influence, trying to get leaders to capitulate, to go along, to see his point of view, that whole range of things. he throws a lot at it, hoping he can get some concessions or some negotiations that benefit him and the united states. kelly o'donnell and christine romans, thank you, ladies. and that's going to wrap up the hour for me. i'm ana cabrera. i'll be back tomorrow at 10 a.m. eastern. andrea mitchell picks after last month's massive solar flare eastern. andrea mitchell picks up with more news after added a 25th hour to the day, businesses are wondering "what should we do with it?" bacon and eggs 25/7. you're darn right. solar stocks are up 20% with the additional hour in the day. [ clocks ticking ] i'm ruined. with the extra hour i'm thinking companywide power nap. let's put it to a vote. [ all snoring ] this is going to wreak havoc on overtime approvals. anything can change the world of work. from hr to payroll, adp designs forward-thinking solutions to take on the next anything.

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