tom cole and francine laqua fantastic in davos.m quoting from the finance minister around unicredit's takeover attempt or at least building up that steak and commerzbank. you competitiveness with ukraine and of course the elections and the politics domestically of germany as well. plenty of interview still to come from davos today, including with the ceo. u.k. chancellor rachel reeves as well. ukrainian president volodymyr zelenskyy will talk to us. the president of jpmorgan chase in conversation with bloomberg. nasdaq ceo adina friedman as well as former u.s. secretary of state, john kerry. you won't want to miss any of those interviews. coming up, commerce bank ceo says the german lender has eyes on various potential smaller deals to create value for shareholders. but speaking to us at the world economic forum in davos, the bank won't do anything stupid to fend off that potential takeover by unicredit. >> what do we do, we really focus on our own strategy. we deliver the results, we are now heading our capital markets at february

we are here in davos. nearly 3,000 business titans, politicians and heads of state gathering from all over the globe. as we mentioned, president trump's speech was closely watched here. becky, with some trepidation from those outside of the united states. the more american ceos that i spoke with last night, i would put in an accommodation of hopeful with a little bit of anxiety and skittishness talking about let's hope for the best and plan for the worst. what will the worst be? questions about what the red line might be. if you are outside of the united states, there is -- dare i say, a palpable fear. the tariff piece is part of it. i actually sat next to somebody at dinner from outside of the united states who made a fascinating comment who said we love the united states being the leader of the world. it's different if america has to be the winner because for america to be the winner, that means there has to be losers. >> right. >> it was interesting articulation at the table of what the issues are in te

a key topic of discussion here in davos. ask you about this in a moment but just specifically on the growth path, are there sectors or geographies where you see the best opportunity right now? >> listen, we come back, we -- privileged to serve really the global economy. large companies medium size small across all sec fors and there are paths everywhere. some better than others but in every situation you are talking sitting across the table from a company and they see a path forward to grow and build and we see opportunities to support them. not hedging. there are opportunities everywhere around the world. they are evolving and they're unique but they're meaningful. >> the role of ai as well and obviously within your business sector. a transformative tool but also has quite significant risks. how are you thinking about addressing and utilizing this technology with your partners? >> for us, again, back to the opportunity is real and meaningful. the challenges around vol tillty is meaningful and real. again analytics and conse

i'm joined from davos now by david bach, president of imd business school.ts but also rolling out executive actions which would essentially make it easier to ignore environmental rules to help get business deals done and how much of a concern is that for certainly outside of the us companies? it certainly outside of the us companies?— certainly outside of the us companies? certainly outside of the us comanies? , , . ., companies? it is very much a concern and _ companies? it is very much a concern and in _ companies? it is very much a concern and in many - companies? it is very much a concern and in many ways . companies? it is very much a i concern and in many ways being here _ concern and in many ways being here in— concern and in many ways being here in davos is a split screen experience and doubles epitomises globalisation with people — epitomises globalisation with people talking together on challenges of cyber security and biodiversity and the responsible roll—out of ai and on the — responsible roll—out of ai and on the other side of the atlantic you h

welcome to davos.s great to see you. >> thank you. >> that is the standard charter chairman jose vinals with me at the desk. you can check out the latest on our blog. head to our web site. >>> we will hear from takeshi niinami from ry. stay with us. we're back in two minutes. for nearly 200 years, big beverage companies have been selling us billions of single-use sugary drinks. using the same old one size fits all playbook. until now. meet cirkul, the beverage platform of the future. these fully adjustable flavor cartridges let you customize your water with the exact amount of flavor you prefer. transforming water into your favorite beverage. finally, water is your favorite beverage. cirkul - your water, your way. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our inco

you are having a good wednesday, wednesday, january 22, we are live from the world economic forum in davos switzerland the talk of the town is america's new leadership on president donald trump and impact will address world economic forum tomorrow a 25% tariff expectation on mexico and canada he says this will happen on february 1st, state of the global economy in focus of course, as always, in davos the international monetary fund he projecting global growth 3.3% inflation expected to did he cline to 4.2%, the chief economist expects u.s. policy to have distant impact the international monetary fund managing director great to see you. >> welcome to the practical we try to catch up to get a kens what you are seeing in the global economy, what is your expectation for the u.s. and the rest of the world? >> so a u.s. is doing pretty well we expect will continue to outperform the rest of the world we actually upgraded projections for growth in u.s. by half a percentage point from 2.2, to -- 2.2 to 2.7% big number what we see is that the outperforming is productivity growth in united states, pr

davos. we bring you interviews with key leaders. happy tuesday. wrongfooted, whipsaw, take your pick. this is the name of the game, volatility for the markets. european stocks pointing lower by .3%, close to .4%. lines on potential tariffs for mexico and canada but nothing concrete on the tariff front and china so far out of the crosshairs. so far. we will see how that changes. ftse 100 futures pointing to modest losses of about .1%, s&p looking at modest gains of about .1%. you have the dollar up, yields down. we will see to what extent that divergence continues. treasuries are big, yields are down. the pound in focus, 1.22 as we lead up to jobs data at 7 a.m. u.k. time. wages expected to go up but not the real plans for the boe. the pound currently weaker by .4%. brent $80 a barrel and bitcoin dropping below the record high of 108,000 yesterday, currently at 101,000 dollars, down 1%. donald says he plans to announce tariffs of as much as 25% on mexico and canada as soon as next month. he s

ron kruszewski in davos with me. adding 19 million subscribers in the fourth quarter surpassing 300 million total paid memberships it will raise prices on some streaming tears between one and $2 a month netflix a double beat on fourth-quarter earnings, recent 2025 revenue and announce a $15 billion stock buyback shares are up 15% in 76% in the last year, stay with us a quick break were back at it you're watching "mornings with maria" live from the world economic forum and davos switzerland. we'll be right back. ♪ your loved ones are getting older, and they need your support. care.com is here to help. it's an easy way to find background-checked senior caregivers in your area. and some piece of mind. see why millions of families have trusted care. go to care.com now the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average hous

manus: good morning to you and davos. -- in davos.netflix account of the fourth quarter. not only did that beat by nearly 50% the estimate, but more price rises to come through and netflix, that is what you call elasticity of pricing. was it squid game's, carrie on, or live football on christmas day that you and the crowds? this is where netflix is going. it is more about the live event and will you spend extra. they will spend $18 billion on content this year. that is a vacuum cleaner being switched on in terms of competition. oracle, the personification not just of the deal in ai, it is called stargate, and the trifecta between softbank and larry ellison and oracle and sam altman. access to the deal, access to power, access to being in the room and access means everything. being one of the protagonists they get your hands on tiktok usa. that is what you call access to power and $48 billion of market cap added to the company in the past we four hours. we were up 10% at run point. united air. premium international travel. internationa

we'll be live at the world economic forum in davos to get reaction from the body's head of artificial also in davos — chasing growth — the chancellor rachel reeves is there with the message that britain is "open for business". welcome to business today. so let's get started and once again the business news is dominated by the announcements coming from the white house. president donald trump has unveiled major new investment in artificial intelligence by the private sector. the chief executives of open ai, oracle and the japanese investment fund softbank were with the president at the white house on tuesday afternoon to announce they will work together and raise hundreds of billions of dollars for building data centres for artificial intelligence across the us. called "stargate" donald trump said the joint venture is a "declaration of confidence in america". let's explore this more now with cathy li, head of ai, data and metaverse at the world economic forum. she's in davos this week, mixing with opinion formers — business leaders and politicians especially. let's start with the announ

this is a different davos. >> it is.rowth is topping the agenda and practical approaches are topping the agenda. it is a different year. jonathan: what has changed? at head of this event we saw some various companies coming -- pulling back from de i initiatives and distancing themselves from espn at zero. what is the hind that, one man and one shift? becky: it is a shift on how people think about the workforce. the truth remains, diverse talent joint -- drives better results. i think as we talk to companies they are saying that we will not lead with it in terms of marketing but we will still do some of it behind-the-scenes because we still need workers in the workforce and we are not getting a new population. lisa: there is a question about immigration and how much of that will up end what you track, a labor market in the united states, how much of that is top of the agenda for people you speak with? becky: really not at the top. if you think about the labor, it is a lot of jobs that were historically not tracked in bls

our editor in christmas eve john micklethwait was able to sit down with zelenskyy in davos.listen. >> it's great if we will have talks, but they have to understand that the talks will not be in the center of the capital. they will not have relaxed time. yes. it's very important because i -- some allies said that yes, but it's ok. we can be the center of the city, no, no, we don't need such contingents. yes, with our people, of course. yeah. because this meant security and that's it. but it can be. it can be without the united states. i will explain to you why. even if some european friends think it will, no, it will not be. first of all, nobody will risk without united states. the second, that's what can divide nato, divide e.u. and u.s.a. that is a goal and dream of putin to divide this unity. >> you mentioned china. how important is china in these negotiations? i mean, china is the backer of russia. they seem to have an impact on things like putin not using nuclear weapons, those sort of things. can china push putin and do you have any contact with the chinese? >> i had so

cnbc davos 2025.sen sit down with world business leaders on the geopolitical outlook and key global economic issues. the ultimate power summit special reports all day cnbc experience the power of cnbc pro. track your portfolio from every angle on one optimized platform. become a smarter investor with the power of cnbc pro. go to cnbc.com slash. get pro now. >>> welcome back to "worldwide exchange." one more check on u.s. stock futures in the green across the board taking a look the dow up about 75 points right now, up fractionally, the s&p up 27 points, under a half a percent, the nasdaq the best performer up 182 points over three quarters of 1%. let's bring in drew petit. good to see you. >> good morning, frank. >> so i just want to get your take on the first day of trading under the new administration. what were your thoughts and the fact we saw industrials lead? >> look, i think we were still pricing in a lot of the good news here, especially on the trump policy front, deregulation definitely in th

was a pause. i in davos their own there was a ause. ., �* .., in davos their own there was a ause. .won't comment on speculation — pause. i won't comment on speculation but _ pause. i won't comment on speculation but this - pause. i won't comment on - speculation but this government is determined to bring in trade and investment into britain and we will— and investment into britain and we will look at all plans to bring _ we will look at all plans to bring in _ we will look at all plans to bring in infrastructure to build _ bring in infrastructure to build investment in britain. are — build investment in britain. are you _ build investment in britain. are you saying the growth argument now trumps the three tests on the environment at heathrow? i tests on the environment at heathrow?— tests on the environment at heathrow? i am not going to speculate — heathrow? i am not going to speculate on _ heathrow? i am not going to speculate on tests _ heathrow? i am not going to speculate on tests for - speculate on tests for something that we haven't set policy — something that we haven't set

i'm sarah eisen live from davos, switzerland. you again. >> nice to see you. >> i was talking about the optimism that i think is palpable here on the ground around a new trump administration. for you, did you expect it to yield higher kump er consumer confidence? >> i think the trump administration is going to be pro growth. it's going to help consumers feel better. i think consumer confidence is a factor. and also for us as companies, deregulation will help us, hopefully, you know, there's a reduction of taxes, as well, that would help us operate more efficiently in the u.s. the u.s. a critical market for us. everything that happens in the u.s. impacts pepsico on a grand scale. >> where do you think deregulation will help? >> i think deregulation in general is good for business. we're having too many bottlenecks for expanding our business in some particular areas, from permitting to others. i think reporting is also an opportunity as we simplify our company. so we believe that deregulation will help us be a more efficient compan

whenever world economic issues are discussed at davos, a lot of attention would be on china. here taking this opportunity i'd like to share with you some of the major trends that counterrice the chinese economy. the first major trend is that high quality development is making solid progress. this is a big highlight of the chinese economy. over the past year, the chinese economy made steady progress while maintaining overall stability. china's g.d.p. grew by 5%. one of the fastest among major economies. in response to the head winsdz and challenges krobtsing china's economy, we stepped up measures and in particular intensified efforts to introduce a package of incremental policies that effectively boosted the stock markets, improved market expectations and restored public confidence. as a result the economy has rebounded and turned for the better. the headwinds encountered by the economy of china are due to both the external environment and temporary pains brought by our own economic restructuring. we have persistently promoted high quality development, new business sectors, f

we will be live at the world economic forum in davos all of this week.ng the key guests joining our coverage include central bank policymakers, the south african reserve bank governor, the bank of france governor, the bundesbank president close cannot --klaas knot, they smb chairman, all the movers and shakers right here on bloomberg tv. here on bloomberg "daybreak: europe", coming up, legal ai startup luminance is hoping to continue the momentum it started in 2024 by expanding its presence in the u.s. we will speak to ceo eleanor lightbody exclusively next. this is bloomberg. ♪ lizzy: 6:46 a.m. in london. i'm lizzy burden in dubai. this is "bloomberg daybreak europe." welcome back. cambridge-born legal ai company luminance has seen its corporate customer base more than doubled since the start of the year. the firm is announcing new offices in san francisco and toronto after tripling its u.s. headcount in 2024. i'm pleased to be joined now exclusively by eleanor lightbody , ceo of luminance. great to have you with me. you have just opened new offices in

the world economic forum in davos this week as donald trump settles into the oval office in washington. speaking in davos, the european commission president, ursula von der leyen, said europe has entered a new era of harsh geostrategic competition, with president trump playing a protectionist game. last night, the president suggested 25% tariffs on the united states�* neighbours canada and mexico. he also confirmed the us will pull out of the global paris climate agreement. ms von der leyen criticised the move. the criticised the move. paris agreement continues to the paris agreement continues to be the best for all humanity. so europe will stay the course and keep working with all nations that want to protect nature and stop global warming. let's hear now from trade expert allie renison. she is associate director at sec newgate and formerly a government special adviser and head of eu and trade policy at the institute of directors. good to have you here. there is so much i want to talk to you about about what we have heard from president trump. your focuses trade. what did you hear, if

mike: that was sarah frier from davos.ing up, margaret o'mara, professor of american history at the university of washington will join us to discuss the ties between tech and policymakers here in washington. this is bloomberg. ♪ ♪ the future of cool, comfortable sleep is here. introducing the new sleep number climate cool smart bed. the only smart bed in the rld that actively cools and effortlessly adjusts to both of you. sleep up to 15 degrees cooler on each side. it actively cools by drawing warm air away from your body, to keep you cool and comfortable throughout the night. our smart sleepers get 28 minutes more restful sleep per night. and now, save 40% on our new special edition smart bed. shop a sleep number store near you. (♪♪) caroline: this is "bloomberg technology." check out the "bloomberg technology" podcast on apple, spotify, and iheart. this is bloomberg. ♪ >> one of the things we shared his we are moving away from the way we were utilizing third-party independent fact checkers and moving that to a community

showed up on stage in davos. the idea that the ceo will be here to bed is something to look forward to, think about with all of the issues going on. a.i., and watching what goes through with all of that. the whole idea of the technology companies trying to work with this administration, try not to get left out, and being in the room for the decisions, that is pretty important. i do want to tell you quickly about breaking news that is just out. johnson & johnson is room ordering the quarterly reports. the company earning $2.04 per share, better than the street estimates. revenue came in better than expected at $22.52 billion. and the healthcare giant is giving earnings guidance for 2025. this is a range for operating guidance that falls above estimates. they're looking for profit for your $10.50 to $10.70. that compares to the consensus forecast. this is the operating earnings would be 1075 to 1095, when you exclude the charge of about $.25 due to an unfavorable effects impact due to the rapid strength of the reev

i want to talk about davos cinnamon it, can you talk to us about your outlook for a.i. trump of administration. >> thank you for having me on i think first and foremost everyone that i'm talking to the tech community and myself included seen this firsthand is extraordinarily excited by president trump addressing and drawing attention to an energy crisis that not many people were talking about before yesterday when he announced this is a real big problem in different want to win the race on a.i. and defined what the future looks like on robotics we have to make sure we take this very seriously right now. >> what about the idea of this position that's been created is that a good thing for you and your industry? >> this is the first time as silicon valley has headed to d.c. in such a long time and what's exciting i was with david sachs talking at the summit in september and we talked about the technology and how it's changing the industrial and government spaces and david sachs is the right person that we need right now he's well-balanced thoughtful and wise he will draw a

let'sfr start again from davos, switzerland and uphold the right process.m open inclusive developments and then pestering the best feature to concluded i wish that any reading posting stuff and thank you. [applause] [applause] [applause] [speaking in native tongue] >> insights into chinese policies and statements of china economy. the me follow-up with one or two questions.s. first, we are now in kind of a reshaping. ... does china actually fuel its role in shaping the global order among the rising tensions which we have? and what would be actually the consequences of a world falling apart the world is falling apart into two different systems short-term and long-term what should be done to such a scenario professor, your question reflects the international communities interest in china's role also concerned may spread your two separate systems that an international order what a person says and does tells you what that person is. what c chinese leaders and chine people have said look at what the chinese people have done after that major country and the build

this hour the ceo of bank of new york live with me here in davos.een a big outperformer over the last year, better than nearly every other bank. and later laura alber, ceo of williams sonoma. we're back in two. totals fund management platform. so we're finding new efficiencies and multiplying margins. >> so. >> you can mind your. >> business so you can mind your business. >> no, that's not what. >> i meant. you all. >> should. >> be laughing harder. >> your cardiovascular health impacts everything. >> and we. >> mean everything. blood pressure. circulation and energy production for starters. so here's a radical new approach to cardiovascular health support from the brand, with more five star ratings at walmart than any other beef brand. it's super beats by human. the number one cardiologist recommended beat brand. discover how super beats cardio powered ingredients support so much more than heart support so much more than heart health and for a l finding the right path takes experience. as a national leader in municipal investment banking and wealth

guterres: ladies and gentlemen, friends, it's good to be back in davos. your focus this year is on collaborationer in intelligence age and it is a noble vision. but let's face it, when many people look around the world they don't see much collaboration. and perhaps to their minds not enough intelligence. despite progress on in fronts, investment in renewables, ecological leap, health advances, many of our world's problems are getting worse. we are living in an increasingly rudderless world. last week, i delivered annual priorities speech to the general assembly and i said if our world is facing a pandora's box of troubles, we face widening geopolitical divisions, rising inequalities and assault on human rights. we see a multiplication of conflict, some of which are leading to the reshaping of different parts of the world, not least the middle east. and there is finally a measure of hope when a ceasefire and hostage release teal in gaza takes place and we are working to surge up needed humanitarian aids. i was just in lebanon where the cessation of hostili

the world economic forum be gives in davos. earnings from netflix. christine lagarde in davos.rsday, donald trump remarks from davos, virtually. earnings from verizon. a rate decision. we are looking at 30 year mortgages over the last six months. rates remain elevated at 7% despite rate cuts. we will keep an eye on that. from new york, that does it for us. same time, same place next week. ♪ >> welcome to bloomberg markets. i'm sonali basak. the u.s. supreme court has upheld a law that bans tiktok. updates continuing to come out of washington around the story. we will bring you the latest. first, check on markets. s&p 500 is hitting a session high just a moment ago, firmly above that 6000 level. the last day of trading before president-elect trump begins his next term. it

the uk is finance i minister chancellor rachel reeves is also in davos on a mission to talk up the ukd it comes amidst concerns about the weak state of the british economy and government finances that have sent uk borrowing costs soaring on bond markets. those concerns were underlined today as official figures showed a surge in uk public sector borrowing last month. the gap between revenues and spending had to be covered by borrowing of £17.8 billion in december. that is over £10 billion higher than the same month in 2023 and the highest decemberfigure forfour years. december figure for four years. speaking at decemberfigure forfour years. speaking at an event in davos this morning, the chancellor made her case to investors. i made her case to investors. i am here to sell britain, talk about— am here to sell britain, talk about the _ am here to sell britain, talk about the strength - am here to sell britain, talk about the strength and i am here to sell britain, talk| about the strength and what am here to sell britain, talk- about the strength and what we are doing — about the streng

, switzerland, your theme at davos really is about ai.boration for the intelligence age tell us how using ai to tranquilize form the way customers work. >> yeah high cheryl, there is definitely a ton of excitement about ai this year ai that can orchestra work, that is mission critical, and two years into ai being, top of the agenda, here, we're starting to see companies with real ry in transformational cases customers here qualcomm, goldman sachs, salesforce to outcomes promised a lot of hard work but definitely possible. cheryl: , accenture, our list of clients laundry liz of fortune 500 how are they taking on ai. >> doing it top-down and bottoms-up, and i think ai is a team sport companies have earned it learned it early, early on, meeting a lot of executives are have not gotten roi the frank message you need help not doing it right you he no if not getting kinds of transformational cases really able to -- empower the actual employees, who nohow business acumen business we need to build sophisticated applications to inspire with what jo

visit during a conversation at the 2025 world five world economic forum meeting in davos, switzerland. >> just one thing before we get started with our distinguished guests. this is being recorded for my sunday show, so i would appreciate it if people would not show either very loud signs of approval or disapproval. just make it easier if we don't have any, any, you know, noise from the audience. great, great pleasure to be able to i hope you will make it possible. let's get started. joining me now of course is a man who needs no introduction, probably the most famous,, visible face of iran over the last three decades, the people have encountered, deputy foreign minister ambassador to the u.n., now vice president. apply strategy on. >> good to be with you. >> me begin by telling you what it looks like to me right now in terms of iran's position in the region. i think one could make an argument that iran has never been in a weaker position. you made a huge about on a side in syria, enormous amount of money, arms, malicious. assad is gone. hezbollah key ally in lebanon has been decapita

welcome back to davos, mr. president. [applause] pres. zelenskyy: thank you so much. ladies and gentlemen, i want to talk about the future of europe with you, which basically means the future of most people here. right now, all eyes are on washington, but who is actually watching europe at the moment? the key question for europe and it is not just about ideas, it is about people first of all. about how they will live in a world that is constantly changing. 20 hours ago, president trump's inauguration took place in washington and now everyone is waiting to see what he will do next. his first executive orders have already shown clear priorities. most of the world's thinking what's going to happen to their relationship with america? what will happen to alliances, to support, to trade? how does president trump plan to end wars? but, no one is asking these kinds of questions about europe. and we need to be honest about that. when we in europe look at the united states as our ally, it is clear they are an indispensable ally. in times of war, everyone worries will the united

we're coming to you live from the world economic forum here in davos, switzerland and we kick it off this hour with the hot topic of the hour. president trump announcing a major a.i. investment in the united states yesterday, key technology leaders pledging half a trillion dollars to create artificial intelligence infrastructure. cheryl casone with more on these star gate project right now. >> these stocks are now moving in the premarket. president trump is joining forces with three of the biggest names in technology, it's called star gate. they're going to build data centers that power a.i., build it here in the u.s., oracle, soft bank, pledging $100 billion up front. president trump was joined at the white house by open a.i. ceo sam altman, soft bank's ceo and oracle's ceo larry ellison for the big announcement. >> they're announcing the formation of star gate, a new american company that will invest $500 billion at least in a.i. infrastructure in the united states and very quickly, moving very rapidly, creating over 100,000 american jobs almost immediately. >> trump explaining how

this is davos week. but metaphorically i'd say this week d davos is really a ghost town. historian walter russell immediate said the davos class needs to understand who won, trump, and who's lost, us. davos causes such as climate, woke human rights and globalism have all failed. no one understands these failures better than president donald trump. and like the good businessman he once was before becoming president, mr. trump's transformational policies won't wait a month or a year. he wants to implement them at once. no one ever used executive orders the way trump has. biden's war against toes sit fuels, gone. open boarders and a wave of illegal immigration. gone. and excessive government spending, about to be gone. disempowering the socialist regulatory state: they're about to be gone. using tariffs to counter unfair frayed or unfair policy? about to be put in place. allowing foreign governments to tax american companies, gone. far outwoke and dei, diversity, equity and inflation, gone. pride and blm flags flying over the embassies, gone. government censorship, gone. end

let's start again from davos. uphold the right parts of multilateralism, promote open and inclusive development and jointly usher in a better future. to conclude, i wish the annual meeting full success. thank you. [applause] >> thank you, advice premier ding, forgiving us a very deep and comprehensive insight into chinese policies. and the status of the china economy. let me follow up with one or two questions. first, we are now in a kind of reshaping of the global order. and my question would be, how does china actually fuel its role in shaping the global order among the rising tensions which we have? and what would be actually the consequences of a world falling apart into two different systems, short-term and long-term, and what should be done to avoid such a scenario? >> professor, your question reflects the international community's interest in china's role and also concerns shared by the international community about the international landscape. the worry that the world may split into two separate systems. o

let's go out to davos. bloomberg editor-in-chief john micklethwait is sitting down with the argentine and president hobby air -- javier milei. john: let's begin with the big news of the week. you are perhaps the only world leader here at the moment who was in debt host but also went to the inauguration in washington. americo is celebrating. should the world celebrate president trump? president milei: definitely the world should celebrate the arrival of president trump. his speech was clear and decisive. that golden era he proposes for the united states will shine a light for the whole world as it will spell the end of the woke ideology that is doing so much damage to the world. john: you have always been a free trader. you are a great fan of margaret thatcher and milton friedman. president trump is coming and he is bringing tariffs and protectionism. i wonder how could a disciple of milton friedman and margaret thatcher like that kind of economics? president milei: first of all i am in no position to give a

let's go back to davos.ult year for india with slowing growth, tight liquidity and muted corporate investment. to talk about all of that and the impact on india's banking system, i have the ceo of axis bank, amitabh chaudhry. but their largest bank in the country. 6.5% growth. it just doesn't seem like it is good enough. amitabh: it is lower than what people were predicting earlier. our economists think we can hit close to seven what has happened in the first half of the year, that was a bit of a surprise. not expecting it to be what it turned out to be. a combination of other things that you mentioned, plus, the fiscal and monetary tightening has had an impact on the growth side. liquidity going away, inflation has not also helped. but i think you'll see capex coming back gradually in the second half. it should play well for the next financial year. but the macro right now as it stands looks tough. why then we can push our way through and take the gdp growth to higher lands or get stuck in a zone is somethi

olaf scholz united states and the trump ministration during the marks the world economic forum, in davos, switzerland the rents about 30 minutes. [applause] [applause] [applause] [speaking in native tongue] >> it is in great honor and pleasure and is welcomed it. chancellor olaf scholz it to know that you are containing at the moment and we will you have taken some time to come here to davos, switzerland. to be present here in the out the timing is especially important. germany is the third economic power biggest add important sector for your great ladies and gentlemen, the chancellor of germany olaf scholz sina. [applause] [applause] [speaking in native tongue] >> presidential vladimir and ladies and gentlemen, one of the current noble price and economic sciences and yes he does this question why some countries are prosperous and others art pretty when keeps finding us that in te long run, the path towards prosperity leads by strong and trustworthy institution. and so much on and of course is no coincidence that i quoted here today and especially it is dynamic era and is important that

we'll come back to davos, mr. president. >> thanks soch much.men, i want to talk about the future, the future of europe. which basically means the future of most people here right now all eyes are on washington. who's actually watching europe at the moment? and key question for europe is not just about ideas, it's about people. it's about how they believe in a world that is constantly changing. to place in washington and now everyone is waiting to do next. first executive orders have shown clear priorities. most thinking what is going to happen to the relationship with america? what's going to happen to alliances, to support, to trade? how does president trump plan to end wars? but no one is asking these kinds of questions about europe. we need to be honest about that. when we europe look at the united states and our ally it is clear they are in indispensable ally. in times of war wars with the united states, stay with them? every ally worry about that. but, does anyone in the united states worry that europe might abandon them someday? might sto

it starts on the grounds of davos talking to the ceo of pepsi and gap and more.ng us. much more on the inauguration of donald trump and his administration here on cnbc. >>> good morning. welcome to a special edition of "squawk box" live from davos and washington and we have reaction from policymakers around the world. it is tuesday, january 21st, 2025. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick live from washington, d.c. and andrew ross sorkin is live from the world economic forum in davos. andrew, this is a big show. i don't know about there, but it's pretty cold here. what's happening in the swiss alps? >> not as cold here. we were watching from davos throughout the day during what was some pretty incredible coverage of the inauguration. of course, that by the way is the topic at the world economic forum. you can't go anywhere without anybody talking with it. we are here in davos. nearly 3,000 business titans, politicians and heads of sta

for many here in davos. the big question is, what's the best way to do with a trump administration, as it tends more protectionist measures titus and the potential trade with key allies and put a band of the long standing american tradition of engagements with the weld has about about on to 0 davos switzerland, of the authorities in columbia say as many as a 100 people they have been killed in a new wave of pricing for control of drug trafficking territory in the northeast. thousands of being forced out from the homes and from to present gustavo petro suspend peace talks with the e. l. n. gorilla group of us under rem pets, he has more from the city of colquitt, exhausted, the fearful 15000 people have arrived to this stadium in the city of cooper during the last 5 days in search of refuge in the aides. there among the $25000.00 sports, typically their homes. i mean the fuse clashes between 2 rival on groups and the kind of tune the region on diminished when the border seeing the, the academy in their family

trump is expected to speak at davos via video later this week.t is he expected to tell the business community? >> it is very early days in the u.s. america is and always will be our close of the partner. our largest trading partner. it's very important whoever the president is and whoever the administration is that we work closely with them. i mean, clearly, one of the things we don't want the president to do is introduce tariffs. tariffs would be very destructive to trade. i think anyone would say that. that said, you know, the administration is still shaping and many of the appointments have yet to be confirmed by the senate. the way the u.s. works until you know who the team is, you don't know the policies. i suspect when we hear from the president later in the week, he will be his usual bullish self. what we want him to actually believe in open markets. we don't believe in the united kingdom and protectionism. we believe we have to be outward facing and we want the u.s. to do that. that's what we want the president to do. >> let's see what he

to davos and former football star david beckham is making his debut at the world economic forum.tarian award for his work with the un childrens' fund unicef — and spoke about the importance of his charitable work with children. the bbc�*s economics editor faisal islam caught up with him after the award ceremony. it's incredibly humbling to get an award for something that i've been so inspired by over the years, you know, working with unicef is one of my most important things, most important aspects of my life so to receive an award for something that i enjoy doing, i get inspired by is incredible. it's my first time at davos and to be here for a couple of days or this whole week that people are here, that leaders are here, that very important people are going to behere this week that can make change, for me to be here for the voice of children is really important. before we go, a recap of our top story and on his first full day in the white house donald trump has beenjoined by the bosses of openai, oracle and the japanese investment fund softbank. they have announced plans for a

meanwhile at the world economic forum in davos, the european commission president, ursula von der leyenurope has entered a new era of harsh geostrategic competition, with president trump playing a protectionist game. the director general of the world trade organization, ngozi okonjo—iweala, also speaking in davos, says she favours a "calm" approach at the start of the new trump presidency. my attitude and approach is, "keep calm." let's see what policies are actually enacted and implemented before we get over—excited. that's the first thing. you know, cautious optimism. i know it's coming down and tariffs will be pronounced, but look at what is being done first. let's go live now to our north america business correspondent, michelle fleury. world leaders all trying to work out what this means for them, but it will be felt particularly acutely, mexico and canada first in the cross hairs of that trump administration. i hairs of that trump administration. ~ , ., , administration. i think people will be surprised _ administration. i think people will be surprised there - administration. i t

speaking in davos, the european commission president, ursula von der leyen, said europe has entered atectionist game. last night, the president suggested 25% tariffs on the united states' neighbours canada and mexico. he also confirmed the us will pull out of the global paris climate agreement. ms von der leyen criticised the move. the criticised the move. paris agreement continues to the paris agreement continues to be the best for all humanity. so europe will stay the course and keep working with all nations that want to protect nature and stop global warming. let's hear now from trade expert allie renison. she is associate director at sec newgate and formerly a government special adviser and head of eu and trade policy at the institute of directors.

with the davos world economic forum in full swing, a politicians are using the platform to pile up to donald trump despite his clear intentions and tightened. the washington is a grip on the union. the live in moscow. i'm rachel ruble. you're watching archie international. donald trump pick for you and, and bassett, or is saying the israel has a quote, biblical right to the west bank. the comment came during a hearing, focused on the global body, is stands on israel. this comes as the idea. finance is a so called antique terrorist operation, their dad, the iron wall, which could last 7 days. let's take a lesson. i did ask you whether you subscribe to the views of finance ministers, some of which rich and the former national security minister, ben, you the or who believe that israel has a biblical right to the entire westbank? is that your view today? yes. okay. i think when it comes to this very difficult issue, if the president is going to succeed at bringing peace and stability to the middle east, this can be very difficult to achieve that. if you continue to hold the view that you

here in davos he's, he said earlier today that he's going his country is going to privatize t economic sectors that were owned by the state in a push to try to diversify incomes and boost the gdp of a serial. his going definitely to further elaborate on what's next as part of his country is concerned, and the pots and the ship to be done with k regional and international players. but as far as the key international, a donors they, i'll be talking to them senior watson officials yesterday. and basically they say that that's the some positive signals coming out of damascus, particularly, i guess the backstroke of the meetings they had in the past with the start and with all the leaders of the new administration. and that the international community is willing to move ahead with more finance as a so the symptoms of malaria. donald trump has begun his 2nd time with applies to end russia's invasion of ukraine in just a 100 days is due administration failed to meet its own deadline. finding the ukraine war within 24 hours of being sworn in as was promised repeatedly on the campaign in the co

it's my first time at davos and to be here for a couple of days or this whole week that people are here that very important people are going to be here this week that can make change, for me to be here for the voice of children is really important. before we go, a recap of our top story and on his first full day in the white house donald trump has beenjoined by the bosses of openai, oracle and the japanese investment fund softbank. they have announced plans for a huge new us artificial intelligence infrastructure project that could see ioos of billions of dollars pumped into the technology. and that's it for this edition of business today. thanks for watching. hey, i'm lucy with the catch up. tonight — trump's back in the white house, elon musk faces backlash and a deadly fire in turkiye. it's donald trump's first full day as president for the second time, so let's talk about what he's done so far. he's pardoned many of his supporters who were arrested in the capitol riots in 2021. he's asked for the cost of living to be addressed. he's declared the es will only recognise two sexes — ma

the chancellor will arrive in the swiss town of davos today for the world economic forum, where she willd investors from around the world. 0ur economics editor, faisal islam, is in davos. it's going to be a turbulent start to the markets this year, not least because of what has been happening in america and speculation about the trade system. the uk's also been caught up in that. this is a great opportunity for the still newish government to present itself and its plans, particularly to convince the world that britain is a great place to grow businesses. that has been in doubt because of some of the decisions around the budget, but she will want to appeal here directly to the big international investors. and she was helped by one of britain's biggest banks, barclays, saying that they are very optimistic about growth, not necessarily the story we have been hearing back home, but she will also be meeting with those big investors. the message i'm hearing privately is that, yes, the uk has a lot of assets economically and the government has put in place what they say is a kind of stability.