i don't like coming to them either mark them out of the room before the in bloomfield demos of the world photos of them to give them. a little bit of it was not a problem but. just rather than just a little. you she lose it was you make. someone want to go you go. out there and. i mean the guys who are that and it was a president in the. mall in the. kitchen i'm not. going to tell. you.

this is the one business show you can't afford to miss i'm sorry in washington coming up in the midst of the cove in 1000 pandemic what do you expect to see from a digital davos will dive into the global conference that has taken to the web what major are hitting another speed bump in the european union as the push against big tech is gaining steam we have an analysis on how nations around the globe are handling the search for throwing insulin and later on to reach for the world's top economy continues to heat up china has jumped ahead of the u.s. and foreign investment we have a panel to break down the latest of a lot to get to so let's get started. davos summit like many other events is taking place virtually this year the annual event is taking place during the worst global economic crisis caused by the pandemic now it's going on under the theme a crude. year to rebuild w.

founder and executive chairman kicked off the event by saying the 1st step we have to undertake is to restore trust but in order to restore trust we have to reinforce 1st global cooperation on the agenda is primarily dealing with the economic recovery mental health the future of food and climate change but critics say little change actually comes from the any of us for this. us co-host chrystia and c.e.o. of openness i'll see ottavio octavia let's start with you let's start with the w e f what can we actually expect from the event and its call to action is anything actually going to come out of it this year. well i do wonder how many people are really going to participate this year you know it's pretty boring at the best of times actually when you're in person i doubt many people will sit in front of video conferences for 5 days as they listen to different lectures but i think it does frequently have a big impact of many of the world's leaders coming together and discussing various

issues and maybe coordination certain policies clearly at the top of the agenda this is going to be covert 19 in the response of that so i would expect them to be discussing some sort of global corporations a vaccine rollouts will probably see vaccine passports and things about come up they also talk a lot about the great reset as sort of a sense of monks many of these not just sort of motherhood and apple pie statements they do have a real impact on policy and we do see things change as a result i think of the meetings well let's hope that more change and positive change comes out of this especially this year as the global economies are really struggling and need that help christiane to turn to us are here on this monday they were a little shaky monday morning investors are preparing for the week's company earnings a big week expected what are the actual expectations to come out of those earnings this week. well this week we have earnings updates from some of the biggest technology companies including apple tesla and facebook so we have 122 of the s.

and p. 500 companies reporting over the next 5 days in the 1st walk us that we are earning so apple is widely expected to post its largest quarterly revenue total ever and its 1st ever toll above $100000000000.00 and analysts are also looking to see continued benefits from the remote work and will note schooling trends which have really driven strong i pad and mac book sales so facebook is also expected to post a record quarter given strong digital advertising trends during the previous holiday period and tell us they've already disclosed delivery numbers for the full year that came in ahead of analysts expectations but now everyone wants to know the company's outlook for 2021 so it's expected to be a packed week for traders and the market right now how's the rally higher for about 4 weeks now and there's a lot coming this week so today's action is probably just a pause wall street is of course still waiting to see how to go she should star president biden's $1.00 trillion dollars stimulus proposal and house speaker pelosi had suggested that she wanted to pass something through reconciliation within 2 weeks however most likely that will be extended but most importantly on wednesday

we also have the latest fed monetary policy decision that was just expected to be the highlight but the q then be the 1st look at the q 4 g.d.p. numbers for a number of countries with the u.s. starting on thursday so current forecasts have the us at an annualized growth rate of 4.5 percent in the 4th quarter while france and germany are set to report on friday and given the lockdowns our imposed late last year forecasts are at negative 6.2 percent and negative 1.5 percent respectively and there's a lot going on a lot of numbers as we approach this week we start the week off still a much like you said g.d.p. a lot to look for by the end of this week. there has been a surge of pipes and spak dealers from companies seeking to raise capital and liquidity what are these exactly and how do they work why are they becoming so popular at this very moment. well spock is simply

a special purpose acquisition company and is basically a company that raises money without having any real operations just to say we will invest in other companies in the future and we will find ways to put your money to work by buying private companies and so what has become really is sort of a backdoor way for companies to go public without having to go through the i.p.o. process so basically the spire grades of the company the spec becomes a publicly listed company but there's nothing to look at there they just sit on can actually got no track rock record no operations and no financial reports they just sit on bunch of cash and then they look to put that cash to work by acquiring private companies and in that process based by the spec merging with the company that it's acquired the acquired company becomes a publicly traded company now it's very attractive for the company going public in the sense that it's a much much faster approach when you go through an i.p.o. process as a privately held company you have to fight all sorts of filings with the a c c you have to go on the road shows you have to have an investor presentation's

you have to negotiate a whole bunch of people together after this short circus up process what to say there's an interesting phenomenon that we're looking at here in a tap and in the markets now as even retail traders are clashing with wall street over these shorts what's the latest there. well it's actually kind of an amazing thing to witness as groups of these retail traders they're ganging up together to crush wall street hedge fund and squeeze some others for positions so a handful of heavily shorted stocks experience extremely volatile trading on monday morning and that started last friday when solid game stop and now we're seeing i would bed bath and beyond and see so shares today of bed bath and beyond cop as much as 40 percent and shares of amc ringback popped about 70 percent on monday as hedge funds rushed to cover their short losses before dropping back down but hedge funds have taken massive short positions and surnamed speculating that these companies are about to break or declare bankruptcy in the midst of the code pandemic however now you have all these retailers rushing to defend the stand i'm

rushing to buy these names are speculating the opposite that they're about to turn or so with game stop they recently announced adding a handful of high profile activists onto the board and see also announce that they raised nearly $1000000000.00 in capital through a combination of stock and debt offerings so as bankruptcy speculation is now off the table many tell us are piling into these names and that have led to all the hedge funds getting squeezed out and running for cover so these moves have been quite well orchestrated by retail stop buyers an online chat rooms of websites such as reddit in order to garner information support to pop wall street short for massive gains and this is actually proving to be a very good strategy right now in this very volatile market but it's just actually another sign of rampant speculation that's going on so i expect we'll see a lot more of the short squeeze it going for and especially with look at the russell 3000 stocks with a short interest at more than 50 percent a float looks like us where everyone is headed at this time who must co-host

christine. of openness thank you both so much for your expertise and your insight. thank you. from social media's distribution of dissent from ation to lawsuits over the way big tech companies do business well some say the influence of the industry is having on the u.s. and the world is a big cause for concern more international leaders are now calling for tighter regulation of big corporations in an effort to curb their power legal journalist. to be dealt with america's lawyer is here now with more molly good to see let's start with the big countries pushing for more regulation. right there are so many countries across the globe sara the european union for one which has more than 2 dozen member states they're pushing for tighter control in fact the e.u. has invited the chief execs of all the big boys amazon apple facebook alphabet to a hearing in brussels next week and they want to hear from these lawmakers before they prepare for discussions on these new regulations but among the proposals that

they're expected to include in these in these talks is big fines for big tech companies if they don't play fairly with competing businesses we've heard that's a cause for concern the basis of a number of lawsuits across the country as well as the globe and also of course the big one tackling online fake news so they could face big fines in the european union the u.k. china also pursuing some rules for similar reasons and of course just last fall the d.o.j. in the u.s. filed that big antitrust lawsuit against google over what they say is the company's anti-competitive practices f.t.c. did the same thing with facebook so you know all these folks say we need some guidelines we can't let social media companies politicians whoever regulate who gets to say what when we're having such divisive results and it looks like from the past we've talked about it before they have been fine and they've have had to pay these big fines in several countries in the european union now have any of them actually confirmed they will be attending the hearing. no nobody is confirm that

yet and in fact nobody is necessarily expecting them to come i think it was just one of those invitations to say we're putting you on notice we would love to hear from you this is your chance to weigh in we're going to be talking about it we're going to be implementing some rules whether you're here or not we sure would like to hear from you about your business practices and some of them don't shy away from showing up others will probably assume but it is their right you know their chance to speak up like we've seen them do here in the us with a speaking of this so where does the new biden station stand on this particularly issue. what he's not said particularly in specifics what he will do to break up big tax but now is the time if you want to do something what we saw at the capitol with you know the propagation of fake news what that inside says well is just the monopoly that they've got over squashing competition biden has said on the campaign trail that he wants to break up economic monopolies powers like those big tech companies but he didn't say exactly how so if he is going to do something now's the time because it's got

a lot of bipartisan support for all the reasons i just said and also the president of the use executive arm thinks that she's going to get a lot more cooperation from the biden administration then has come from the u.s. so far in the past in the previous minutes administration so they feel like this is a good time with this administration to push forward feels like there will be some corporate cooperation what that looks like yet we don't really know what steps have been taken so far to regulate this big and what are some of the other changes that are actually being considered. well it's like they're trying to chip away at a giant block of marble and see what comes underneath i think the main goals are they want to be able to control data privacy issues you've seen a lot of lawsuits about that everything from you know gathering information targeting your advertising as well as what we talked about with controlling fake news and this information so the e.u. has really taken the bull by the horns and they passed some of the most significant regulation so far in 2018 they did general data protection regulation basically

controls how your personal information is used by businesses organizations the government and they've got a plan that would impose impose some stricter controls you know which would basically give some guidelines some horror rules so that social media companies don't have to rely on their own editorial decision making about whether or not to take down say like an inflammatory tweet for the twitter so they want to have some hard guidelines for them to follow so they don't have to make those decisions themselves and you mentioned the europe really taking kind of the bull by the horns here and leading in these regulations with the latest on the most recent class action lawsuit in europe over the i phones. yeah it's interesting it's like a domino effect where this is the 3rd one that's come recently in europe against apple and this one's about $82000000.00 it's been brought against the company by an italian consumer advocacy group over their planned obsolescence of some of their i phone 6 models basically they're saying apple you're making these things to deliberately become obsolete so customers will be incentivized to go buy

a new phone and there's 2 similar lawsuits belgium spain filed last month a 4th series expected to fall in portugal and this is similar to the suit that apple settled with the united states last year over the same sort of issues intentionally slowing down the performance of your older phones so you'll go buy a new one right and that one settled for around 500000000 to settle that case of course they didn't admit to any wrongdoing and i think this is our european counterparts saying hey you settled in the u.s. we want to see dollars for this too will it change their business practices though like you said we've seen a lot of fines but not a lot of changing in the way they do business right we know this conversation with big tech will continue but thank you so much molly barrows for bringing us the latest. thing. and another world leader announced he has tested positive for cocaine 19 mexican president under lopa so rather took to twitter to notify the public of his infection while mexico's director of epidemiology confirmed.

fortunately the president is stable signs and symptoms of illness are miles and at this moment he is expressing a mild to go but he's currently at home you can do that from home he will be able to attend to different virtual meetings phone calls and any other non face to face activity that he is able to do under the supervision of the specialists who are caring. one of the meetings is a planned phone call with russian president vladimir putin where he plans to discuss russia's sputnik 5 vaccine will alow said there is a possibility russia will send its vaccine to mexico the president has been highly criticized for his handling of the pandemic the country has reported more than 1700000 cases and his 4th leading in global debts time now for a quick break but when we come back china surpasses the u.s. as the largest destination for direct foreign investment will discuss what this means for the continued tensions between the world's 2 largest economies and as we go to break here the numbers up close.

join me every thursday on the alex i'm i'm sure i'll be speaking to you after the world of politics or business i'm sure i'll see you then. those of us who watch carefully the russia gate hoax. would eventually become the foundation for the by. what to do with strong supporters or american liberals bracing. for a huge moment in terms of international finance as china overtakes the united states

as a world leading destination for foreign direct investment according to the wall street journal new investments by overseas businesses into the u.s. which for decades held the number one spot felt 49 percent in 2020 that's according to u.n. figures released on sunday. we must deepen our solidarity and cooperation strengthen information sharing in joint prevention and control and win the battle against the pandemic in particular we should strengthen cooperation in vaccine research and development production and distribution so that vaccines can truly become a public good that are accessible and affordable to people and all countries. joining me now to discuss been west coast investigative journalist ben swan but and what does this mean for the u.s. and china. well it means a few things 1st of all you have to consider the fact that when we're talking about the u.s. and china and china has been taking as we've talked about on the show many times before a more prominent role worldwide and what does that ultimately mean well it means that more finance is being directed their foreign investment is being directed

there and converse leave that china is making greater investments worldwide into other countries their road and build initiative obviously has been able to really expand their reach and influence around the world certainly with countries around the world that in the past the united states have more influence over so we're really watching kind of a shift in that in that power dynamic the u.s. which still holds the world's reserve currency i don't expect to see that change anytime soon but what we still hold that the u.s. finds itself increasingly running behind china and that's somewhat problematic especially if you're looking at the fact that the chinese essentially view this as a very long term game a long term contest they have a long term view of alternately becoming the world's largest economy and they're well on their way to doing that in fact estimates now are about 7 years away from trying to becoming the world's largest economy a lot sooner than we actually talked about this before we want to bring in henry ford which board member with the british american business association hilary

what's your take what does this mean for the united states and china. it seems like we might be having a little bit of trouble ben let's continue on the conversation i want to be clear here all the united states has been overtaken a new investment like you said it's still the leader worldwide in terms of all foreign investment correct yeah that's that's true so a couple numbers just to throw at you if you don't off foreign investment so the united states actually peaked in foreign investment in 2016 of around $472000000000.00 at that time foreign investment in china was $134000000000.00 since then what we've seen is kind of a steady decline in the u.s. a foreign investment and an uptick in china but you know you have to go back to what happened over the course of 2020 doodoo the pandemic and a lot of the world dynamic shifted at that point some would say suspiciously

shifted at that point so what china's been able to do is not just recover from kobe but they have thrived through that and watch their economy boom they've they've exceeded expectations in terms of growth and in terms of numbers and now in terms of foreign investment so you know what we've seen over the last few years and it's not just 2020 but the last 2 years china has increased and the u.s. has decreased in many of these areas hillary let's let's bring back hillary for which once again hillary what do you think about this u.s. and china having where they had in the future well in terms of the future in terms of what's happening with china you look at least that right now i would say short term yes china has at least a 4 percent increase in foreign investment whereas the rest of the world has suffered so greatly and particularly for example the wall street journal quoted italy is you losing 71 percent of investment but this was mainly due to the strict lockdowns of course when covert 1st emerged and of course they locked down in

beijing very strictly they let all the planes out of to the rest of the world and didn't let people travel within sight of china that was part of the reason for the quick rebound in china and the investment that went there but i think back to a question. in terms of long term in terms of longer term investment you've got to look out where the the chances are that the u.s. will retain an open market opera festa joy such it wellesley college of internet professor of international best man as he said a lot of companies now are rethinking whether they will invest globally and it remains to be seen what happens with the biden administration whether they focus on an open market for the us and them us becomes increasingly competitive or not. well larry president biden said that he plans to work with our allies to keep the pressure on china but at the w t o the world trade organization the u.s. will be facing a rival in beijing that has become more dominant in force in recent years right yes correct dropsy correct sarah and i think this is but president biden has said that

actually what he said specifically that he wants to work with our allies in terms of per capita pressure on china which i think 'd it's wonderful that he said that however the issue becomes of course number one will he do so and then also what will he do in terms of the w cio stance that china has taken and you heard shooting ping kind of give a veiled threat to those particularly the u.s. on the rest of the world actually reminded me of shakespeare's quote and have a look you know in hamlet the lady she does protest this too much material is a spouting map and democracy and open markets and fairness that is the question about china so i think it will remain to be seen what is very important in all this is does president biden have the ability to rally all of the previous allies of the u.s. will his long term relationships and his stance on the world stage for the sub to benefit the u.s. that is what will determine whether or not we can to

a certain degree the u.s. will be able to rein in and china in the future and that's what's on clear and we're not so sure they will be able to send china has been kind of and i quote yes i could just quote unquote the congressman from florida and he the congressman has said that he believes that we're looking to inwardly a former congressman brought in he said back us he said if we look to inwardly and remain with an inward look in terms of coping with the pandemic the rest of the world won't wait for us and that you know the issue of solutes is global cooperation is what they're calling for but meanwhile the united states has rejected hong kong's request for a dispute settlement panel at feed w t o over washington's decision to label goods made in hong kong as quote made in china. yeah real quick on that essentially the reason that the u.s. rejected it is because they said they're in the middle of a transition between administrations and so they didn't want to take a stand on it until there was clarity about this hong kong says they should not be

included in the made in china label because on should have more autonomy than that but i just say one more quick thing about what's the chinese situation 4 years ago when president from took office very few people on the world stage and on the national stage in the united states talked about china as any kind of a threat the with they were simply not seen as that so one thing that trump did over the past 4 to 5 years is he raised the idea that china is a threat it's so interesting to me that here we are in 2021 and we are now seeing china ahead of the united states on many different levels and competing in the way that virtually no one else saw so if you want to give him credit for something rather than trouble absolutely saw what was coming in terms of the rival that china would be now does that ultimately mean that we're going to continue down a path that competes with them i'm not sure that we're going to for the next few years absolutely it's it doesn't look like that competition is going anywhere but

west coast thank you so much ben swan and board member british american business association her photo which thank you both for breaking the. deal on musk space x. is breaking yet another record with its latest launch into space on sunday a falcon 9 rocket successfully launched 143 satellites into orbit they include everything from government to commercial satellites and even some of the company's starling program which hopes to bring more broadband internet connectivity across the globe after launching and its payload the 1st stage of the rocket landed safely on a drone ship in the atlantic ocean industry experts are calling launches like this the goober of space will companies can pay space x. to hitch a ride rather than paying for an entire launch that's it for this time you can catch him bust on demand on the portable t.v. app which is available on smart.

so you can on the phone lines smoke i don't like coming suddenly made in the muslim on muslim for appointments november 7th photo from the get up. close up was all but just let me get this thing. she said was you make. more of the industry in. general but from the sun on my book you go to the british bush that's enough of them stuff. i mean you

got. to take. israel media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being led. by. what is true what's his face. in the world corrupted you need to descend. to join us

in the depths. or a maybe in the shallowness. right now there are 2000000000 people who are overweight or obese it's profitable to self and the seas and sugary and salty and of victims it's not at the individual level it's not individual willpower and if we go on believing that never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment of the us and what's driving the obesity epidemic it's called were both of.

you. will do would be most impacted by having unrealized gains tax the so-called wealth tax would they not be incentivized to do agre style. and profit from the credit default swaps but on america and we always said that once they were successful in destroying move on to other countries in europe it would eventually get to the us day now approach.

the 3rd night of violence breaks out in the netherlands as riots again flare up over new coded curfews following a weekend of unrest over the country's top lock down. comes after countries are facing shortfall in deliveries of cold into vaccines the supply astra zeneca the latest to warn it can only provide 60 percent of what it had promised prompting some new states to look for alternatives. in order to get foster new breed of reliable vaccine we have concluded a treaty today under which russia will deliver a vaccine to hungry.