davos is a village. davos has the necessary infrastructure in terms of hotels and also a great congress house. david: for those who have not been there, how do you get invited to go to davos every year? who gets to go? klaus: you have to be a decision-maker either in politics or in business, but also in civil society. and in addition, we invite always young people. of course, the media, scientists. so it is a true mirror of global stakeholders, which means of all walks of society. david: if somebody is watching you and says, i have never been invited to davos, i would like to go, do i just send a letter to clouse schwab and say i would like to come? aus schwab and say i would like to come? klaus: i would read the letter, because i am curious about new people. as an example, i just got an email -- i do not know where she got my email address from, from a young girl, 16 years old, in india who has done extraordinary things to help the community in terms of practical approaches to deal with environmental is

davos is a village.he necessary infrastructure in terms of hotels and also a great congress house. david: for those who have not been there, how do you get invited to go to davos? who gets to go? klaus: you have to be a decision-maker in politics or business but also in civil society. people.e always young of course, the media, scientists. global stakeholders. of all walks of society. david: if somebody is watching you and says i would never be -- i have never been invited, i would like to go. klausend a letter to schwab? klaus: i would read the letter because i am curious about new people. i just got an emailed -- i do she got my email from. a young girl in india who has done extraordinary things to help the community in terms of practical approaches to deal with environmental issues. particularly with plastics. we have a certain open house for everybody who has an innovative spirit because we want to shape the future. -- we can shape the future in a positive way if we have new, innovative ideas. osvid:

. >>> the global elites attending the world economic forum in davos, they'rerl admitting that their annualsed to launch what they call the great reset initiative. qthe forum saying, quote: the time to rebuild trust and to make crucial choices is vast approaching as the need to reset priorities and the urgency to reform systems grows stronger around the world: right. joining us now is victor davis hanson. he is a senior fellow at the hoover institution at stanford university and a national review contributor. professor, great to see you. so the world economic forum is a group of global elites. these are super rich people who fly in to a ruts city ski resort -- ritzy ski resort, they chopper in on private helicopters. these are people who then attend a bunch of lavish parties. they're inherently out of touch. i think time magazine said it's a reunion for the people who broke the modern world. i happen to think anytime you getou george soros and mark zuckerberg and greta thu nberg in the same room, it's a recipe for loony tunes. but what is this great reset? >> well, i might just respond to p

reset being of course this crazy idea from davos that the whole world needs to be restructured now what the great reset shows is the extent to which leftism totally dominates the business elites the business elites the big for the big corporations a lot of people talk about big pharma but we also know about how the gaffer you know google and you tube and so on have all have received and twitter have restricted free speech i mentioned the informal restrictions on free speech a moment ago and we see from from davos from the world peace. this elites how their ideas are 100 percent less just you know for good or evil me if you're a leftist watching this you probably won't find anything any problem with that but that you simply as an observer you have to you have to observe it and say and call it out what it is. says that the danger affecting the dangers affecting the of the world. populism and polarization he doesn't say that the danger affecting the world is islam is a more or terrorism or immigration and that's why i think you're right to talk about guinea pigs because i think these crazi

can see angela merkel's using this terminology, and it's coming out of the world economic forum in davos. so it's the 1st time in international organizations kind of running the platform for mainline u.s. presidential candidate during an election. i mean, this is unheard of. and so you have to step back and without being too conspiratorial, saying there's a bit of harmonization there and coordination there. it's kind of obvious and the main point is, i think what you said, peter, is that voters in britain voters in the united states, they don't, they're not voting on davos. is great reset agenda. they never had a chance. there was never a referendum. this is just being absorbed and this is all basically in line with the un's sustainable development goals of 2030. so this is kind of a race to meet all these arbitrary technocratic standards that have been laid out by all these various u.n. committees and all these climate conferences been going on for 2 decades. and so it's 5 countries are totally on board with this australia, especially new zealand. and then most of the european countries

they will shift from davos to singapore. mr. rubenstein speaking to dr.before the announcement of singapore. many people know who clouse schwab is.ho klaus what is the distinction about dr. schwab? david: he is a german citizen by birth, was a professor at the university of geneva, and 50 years ago came up with the idea of bringing people together to talk about global issues. it was a couple hundred people in 1971. it is now thousands of people. it is seen as a global elite gathering, but he has many young people. it does a good social purpose. i think it is good operation. it doesn't serve these purposes by recognizing -- it does serve these purposes by recognizing -- it has been criticized by some as overly elite. tom: i strongly agree. i'm a huge defender of what klaus schwab defended. have done panels there to great success. os look like in singapore? david: normally we are trying to dodge snow and ice. we will not have that in singapore. is haveus wants to do the first gathering in person after the virus is behind us a bit. it was not possible to do

. ♪ >> the world economi forum's annual meeting usually takes place in davos, where t most swiss outs.glein 2021 they will go to singapore. the organization's founder say the event moves to the southeastern asian country because of its track record in handling the spread of t coronavirus.i spoke to crawl swl wiseand asked if it was together so many travelers. carl: we have to be optimistic and flexible. that means that if we cannot guarantee a safe and healthy environment, we will have to postpone, but i think the singapore government has the very optimisc. i'm >> some of the people that you see at the wor economic meetings are some of the the wealthy have gotten wealthier, but peoplr are falling e cracks. what is the lesson from this season? carl: you are right, since it is a gap that cannot be unaddressed in the framework in our initiative, we tried to bring people together, business leaders, government leaders, civil society a so on to address the differing cap siu have in the world. and a gapwe b those who are left behind is a high priority. there are two sides. first we have to seehe

. ♪ >> the world economic forum's annual meeting usually takes place in davos, where t most werful people the swiss outs. but in 2021 they wille. go to singap the organization's founder say the event moves to the tesouthe asian country because of its track record in handling the spread of the coronavirus. i spoke to crawl swap -- carl swap and asked if it was wise together so many travelers. carl: we have to be optimistic and flexible. that means that if we cannot guarantee a safe and healthy vironment, we will have to singapore government has the situationnder control, so i'm very optimistic. >> some of the peopl tthat you see world economic healthiest in the world. the wealthy have gouten wealthier,eople are falling for the cracks. what is the lesson from this season? carl: you are right, since it i a gap that cannot be unaddressed initiative, we tried to bring people together, business leaders, government leaders, civil society and so on to address the differing cap siu have in the worl and a gap between those who are ft behind is a high priority. there are two sides. fit we have to se

usually hosts a glitzy annual meeting for political and business leaders in the swiss ski resort of davos forum says it's making the change to safeguard health and safety, and singapore has largely been seen as managing the crisis successfully. in india, farmers are set to hold a nationwide strike today. they're protesting against new laws aimed at bringing private investment to the agriculture sector. nearly a dozen of the country's opposition parties have said that they will support today's strike. arunoday mukharji has more on what to expect. especially at delhi's borders, with tens of thousands of farmers continued to be counted outside the indian capital for nearly two weeks now, refusing to call of the demonstrations —— camped. they said they will block national highways across the country with trade and transport unions express in solidarity with farmers, public transport, and the supply of essential commodities is likely to be hit. wholesale markets in delhi have announced they will remain shut. some bank and public unions have pledged to support but banks will stay open. the move

next yea r‘s world economic forum has been moved from davos in switzerland to singapore because of fearsf global political and business leaders usually takes place injanuary but will now be held in may. the united states‘s top diseases expert dr anthony fauci has warned of another surge in covid cases after christmas. dr fauci gave the warning in an interview with new york governor andrew cuomo. he said the christmas and new year period may be even more of a challenge than the spike in cases which followed last month's thanksgiving holiday. we don't mitigate well. we don't listen to the public health measures that we need to follow. and we could start to see things really get bad in the middle ofjanuary. without substantial mitigation, the middle ofjanuary can be a really dark time for us. a strict new lockdown has begun in the most populous us state, california, as covid—19 cases continue to surge across the country. more than half of california's a0 million residents are subject to a stay—at—home order. people are banned from meeting anyone from outside their household. the order was t

next yea r‘s world economic forum has been moved from davos in switzerland to singapore because of fearsavirus. the annual gathering of global political and business leaders usually takes place injanuary but will now be held in may. the united states's top diseases expert dr anthony fauci has warned of another surge in covid cases after christmas. dr fauci gave the warning in an interview with new york governor andrew cuomo. he said the christmas and new year period may be even more of a challenge than the spike in cases which followed last month's thanksgiving holiday. we don't mitigate well. we don't listen to the public health measures that we need to follow. and we could start to see things really get bad in the middle ofjanuary. without substantial mitigation, the middle ofjanuary can be a really dark time for us. with a december 31st deadline looming, the latest talks on a future trade agreement beteween the uk and the european union have failed to make progress, with both sides saying "significa nt differences" remain. boris johnson will travel to brussels later this week for face

we came together during the usual davos week.o look at the agenda of 2021 and to shape the agenda. we are at a crossroads. that meeting is not enough so we combined it with a meeting where people physically will meet again later in may, hopefully vaccines and testing will allow us to do so. toid: how have you been able adapt to running the world economic forum with covid? are you working remotely or is it different in switzerland than in the united states where you can go into the office? stuff worksf our remotely. we said, you should come if possible once a week to the .ffice of being together and teamwork. about 15, 20 people, we meet regularly in the office practically every day. course, it has changed very much with many videoconferences , we will not say come back just to meet in person , and videoconferencing will disappear. we will look for a combination of the two because videoconferencing is good to information,ledge, but physical meetings are important. david: what lessons have you learned about how to deal with people

herewhat is so important is the all-important trip to davos, the annual trip to the mcdonald's in zurichto save money. i just ran it through the jane foley rabobank meter, and that use to top tick $14 a meal, and that is up to $17.34. francine: unbelievable. that fancye down at cafe knocking down $80 lunches, and i'm down there with $17.84, saving money. if youe: ok, tom, believe that, you will believe anything. tom: we are not going to be there in 2020. francine: a big mac at mcdonald's in zurich is probably just as expensive as a meal at roles. jane foley stays with us. coming up, welcoming back the global head of commodities research, a great chart looking at copper and what copper has been doing over the last two months. it is an interesting story. in new york,10:30 3:30 p.m. in london. and this is bloomberg. ♪ francine: "bloomberg surveillance this is "bloomberg surveillance -- this is "bloomberg surveillance." the residence of the french president, the elysees palace, says emmanuel macron has tested positive for covid-19. let's go to paris with onion news pound -- with onion news a

he and i had an important meeting in davos two lifetimes ago over this. nouriel roubini on bitcoin.er the underlying value of bitcoin. what will be the catalyst that will expand the supply of bitcoin, providing a lessening s value?in' the only advantage of bitcoin is its supply cannot be easily manipulated. it's supply was limited by the founders. my argument against bitcoin is not the one i have against other cryptocurrencies that are being .ebased day in and day out it is rather that it does not have any fundamental value. calling them cryptocurrencies is a misnomer. it has to be a scalable means of payment and a stable store of value. there is plenty of academic evidence that the price of bitcoin has been manipulated. wash trading, front running by exchanges. it is widespread. coin is one stable better whose supply has increased. every time the price of bitcoin falls -- there is good reason to believe it is manipulated. tom: because of time, i want to cut to the chase. this believe that we can develop an adult cryptocurrency business andout crime, without scam, without the lack o

many people went to davos last year and came home talking about yesterday and the climate.at top the agenda? will it be on the agenda in 2021? agenda is just becoming a theme and pretty much all aspects of policymaking. that includes the financial markets as well. we will see a number of developments in 2021 on that front. the u.k. treasury is going to be selling the first-ever green sovereign bonds in the second quarter of 2021. they will be used for green financing. green financing is at the top of the political agenda. government looking to put money into the economy, projects where environmental or climate goals are in the forefront. we've seen this around the globe. here in europe, what's happening is also that central banks are getting involved. the ecb has specifically said that it wants to -- wants to put climate goals front and center. it will be coming out with some documents in the summer which will put the details on that. elsewhere, we are seeing things like expanded missions trading for carbon dioxide from ships. that's going to have a big effect on the way th

it aims to return to davos valley in 2022.o singapore will allow top-level talks for the first time since the pandemic struck. 1960's artists were often accused of selling out. bob dylan is cashing in, offloading his catalog to universal music, six decades of songs including his famous numbers. universal has not put a price tag on the deal the sources tell us the deal is worth more than $200 million. the collection includes classics such as blowing in the wind and the times they are a changing. news 24 hours a day on air and at bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. asia taking a pause after the drop on wall street. asia coming off the lowest run on weekly gain since january. jp morgan says any correction in the near term would be a buying opportunity. we are only in the middle of the current bull market it says but it warned about crowded trades. here at talks about long copper and long bitcoin. an index down .2%. nikkei back after the lunch break lower by .4%. take

but davos globalist crowd are planning the great reset. are you looking forward to that?rk, that is a great point. i think what we are looking at right now is the great reset versus the great restoration, and a great reset is of course the american people just accepting this return to normalcy, whatever you want to call that, where we actually let the ruling class go back to their abuse of the american worker and taxpayer, and use theirr u.s. to fund their priorities, not our priorities. the question becomes, are the american peopler going to simpy accept this, or are they going to demand a restoration of a government of, by, and for the people? because i think of nothing else, just listen to that litany of things you just talked about, mark. the american people should disabuse them themselves of any notion that any of our institutions are actually serving or promoting their interests. and i think what 2020 has shown us very definitively is that a lot of our institutions are complete and utter failures. you look at cuomo, local o governments who are crushing small busines

. >> and davos in singapore next year >> that's when they're saying.erland feels as though this is a singular sport and it's outdoors and they will be able to keep the coronavirus in check. we will see. >> you would hope. sue, appreciate it >>> a bar on staten island in new york has made national headlines for its refusal to close down during the pandemic there have been nightly protests supporting the bar's stance. many businesses across the country. in california, they're suing over the shutdown. let's go to jane wells to pick up that story. jane >> reporter: hi, kelly this is the third time in california many businesses have had to shut down and more of them are openly refusing to close down, risks fines and their licenses rosie owns two hair salons she has spent about $5,000 on health and safety measures she wants evidence that salons like hers are riskier than other businesses allowed to stay open. >> if the governor and county hae health departments are going by science and data, then by all means be transparent and show us the science and data >

i was told that fink, blackrock confirmed this, took the corporate jet to attend davos to unveil thesessues which always raises eyebrows when you use a corporate jet which is a gas guzzler as to carbon emissions. i asked if deese took the corporate jet, too. they say he flew commercial and has never used blackrock's corporate jet. we should point out a statement from blackrock about brian deese. they think he's a really smart guy, intelligence, integrity, unique ability to craft solutions to complex challenges. and helping investors understand the risk of climate change. but again, inside the firm, pretty controversial. i will tell you this. my e-mails, i'm getting dm'ed by a lot of people on wall street as i'm saying -- doing this report saying you know, brian deese is a smart guy but he's a sales guy. here's from one, he's no economist, a sales guy. interesting. raising eyebrows. back to you. neil: sales guy economist. you wonder which is the better badge of honor. thank you very much, charlie gasparino. great job as always. >>> in the meantime, what to make of the final weeks, of co

. -- was at davos. you are dead on to bring up the question. it does matter.onathan: this is where joe biden has the most power. if we have a divided government, this is where he can put his mark on things come on foreign policy. tom: no question he can do that. clearly he has been allied centric. i do want to point out one thing cuomo ofng is governor new york as attorney general. maybe that is a discussion for next week. jonathan: i've heard the same thing, although there are other names in the mix as well. for our audience worldwide, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro counting you down to the opening bell about an hour away. in five minutes we will have initial jobless claims. in the last couple of weeks we've had the wrong kind of upside surprise on claims. real concern about the economy rolling over as we work our way deeper into winter just as the vaccinations begin. can we build a bridge to the other side? the hope is we get a deal in washington, d.c. here is the price action. futures up negative on the s&p. 500,va

now i had -- i confess i thought when i listened to xi jinping in davos and coming to the u.s. in 2016 that maybe we were on the cusp of a stronger chinese investme investment. i don't think we've seen that really yet. what we've seen is largely an expansion of bilateral ak sift but some of the things that do need now to be done particularly on the debt relief side, i think are not going to happen unless everybody is at the table. fundamentally they all want their debt serviced and want markets to operate in which are viable so there are win-win, to use a phrase lots of people dislike, there are outcomes that everybody benefits from. whether they can be found or not remains to be seen. >> i have to say in the discussions of global governance and these issues the go-to case of course people will realize the larger interest of coordinated response is the pandemic disease because it blows back on you if you don't respond to it. so the fact we haven't seen the scale of coordination, the scale of leadership, now we're in a very particular american moment, a moment of evolution in ch

but in the midst of all the optimism about 2020 that we saw, which is typical of that place, davos, you know, they are 180 degrees wrong every year, all the elist leitists that go there but they have never been more wrong than this time about how great things would be in 2020. look what transpired unbelievable >> well, january 20th as you mentioned was a really important date here because that was when the chinese expert who is kind of like china's dr. fauci had actually acknowledged that there was human to human transmission of this virus. and as understand, i mean up until then, we had heard privately -- you started to see reports about these videos coming out of wuhan, people talking about this mystery virus that is going around in late december and then the first couple weeks of january, we were hearing that this virus had emerged and there were a lot of conflicting reports about the human to human transmission because officially the authorities were saying this is preventable and controllable and then unofficially, we would hear from doctors and hospitals and medical workers just s

is world economic forum abandoning its traditional menu -- attend -- venue in davos. it will take place in may. in 2022.o return allow top-level talks for the first time since the pandemic struck. bank of america says criminals may have fraudulently claimed $2 billion from california's pandemic stimulus fund. the lender that manages the program for unemployment says the estimate is based on the roughly 300 45,000 accounts it was asked to freeze into timber by the states employment department. global news 24 hours a day on air and on bloomberg quicktake , powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. haidi: still ahead, hopes fading and boris deal johnson is headed to brussels. wednesday is now said to be the final cut off. stocks trading in hong kong. we will discuss the prospect. this is bloomberg. ♪ haidi: attempt to reach a brexit accelerating race against time. major differences remain with the final divorce looming at the end of the year. with thehays is here latest. boris johnson traveling

we normally get the opportunity to see you in a very snowy world of davos, but today we get to see youalso mention you've got a special announcement, a spac announcement and we're going to get to that in just a minute. i want to get your reaction to this important and historic day, and what does it mean for investors when you think about the markets right now? >> andrew, a few years ago, when we were together, i introduced you to the term tech lash, and as that's played out, it's clearly become part of the markets. i think today we have to begin thinking about the post covid world more deeply, and while the days ahead of us are going to be difficult, in the market sense, we are looking over the hump into what the future might look like. >> and do the markets in your mind, both private and public, look right. you were an early investor in airbnb, huge success of that ipo last week, surprising so many to the point where there are companies in the valley including a firm in roblox who have halted their ipo saying they need to better understand what's going on in the market. >> there's a f

think one of the major, you know, we talk a lot about big problems in the world, like if you want to davos global warming there's another big problem happening in the world i think it's a problem of human disconnection, and i think we're feeling it right now whether people are feeling very lonely, and isolated and i think this is causing a huge amount of mental health crisis problems or others that are divided and distrustful, and distrust can brew kind of hate and other things as well and i am very very concerned, you know, i feel like how is it possible that we're more digitally connected than we have ever been. it sometimes seems we're growing isolated and disconnected. we're here, we're not going to solve that problem if we can make a very small dent on that problem, by helping, you know, and a peak night last year, 2 million people from cultures and countries that never lived together come together, by walking in someone else's shoes, the best thing i know to bridge cultures is to have one person walk in another person's shoes, and when they do that, i think they're going to learn two