in a year, when you come back to davos? sec. gen. guterres: well, i know it will be deeply reshaped, but i do not know exactly in what direction. all of the different aspects will be reshaped. first, gaza. i think it is important, first of all, to recognize that the cease-fire in gaza is the product of the work of many, and i would praise the united states, qatar for their efforts for months and months to obtain the release of hostages that should be immediate and also to obtain the cease-fire. but the negotiations were dragging, dragging, dragging. then all of a sudden it happened. i think there was a large contribution of the robust diplomacy of at the time president-elect of the united states. i feel that when we had the position of israel still reluctant to the cease-fire, just two days before it happened, and then all of a sudden there was an acceptance, i think that we have witnessed an example of robust diplomacy that is something that we must recognize. pres. brende: do you expect more robust diplomacy? sec. gen. guterres: i

guterres: ladies and gentlemen, friends, it's good to be back in davos.our 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 hostiliti

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but davos continues and those people at davos, you know, klaus schwab wrote a book in the ninth, i think it's a 1950 or early sixties about stakeholder capitalism, said they've been pursuing this for quite a while. now. you know, they didn't call it stakeholder, social ism, right? they're not stupid. um, i had a question like back to the quote from the book. they in saying like a lack of expansive vocabulary leads to like a lack of the expense of ideology. the 1984 quote how do you feel as in like the market. living are like ideas towards certain political. how is that not like if they weren't there wouldn't that lead to more splits? and i'm not sure i understand the question how the market. yeah as in blackrock in the big three if they don't push their political agenda when they lead to more splits and the more expensive more expensive ideology. so so what's happened over the past 200 years is there's a i have another presentation i give on and the moral case for free market capitalism and i have a graph by a guy named it's a an english who traced gdp per or economic growth per person b

in the davos meeting, he mentioned denuclearization.ow this is the executive order that has been taken. i think it will take some time for things to stabilize, so for now, we take it as part of the negative trends that we were trying to show, and what motivated us then to move the doomsday clock by one second . thanks, daniel. reporter: presensa. thank you so much, president santos for your remarks, and to all of you. we are obviously living in very dangerous and scary times. we know that. but i'm just wondering if you could comment, any of you, on where we go from here to to move the clock back, because he mentioned the treaty on the prohibition of nuclear weapons and half the countries of the world are now party to that . that is a hopeful sign. most recently, indonesia which is the fourth most populous country in the world. he also mentioned president trump's remarks at davos. i just wonder if there are other things that you could share with us, steps that we could be looking out for that show that we are moving in the right directio

trump was in davos in a few months ago —§ he wants 7 he wants interest saying he wants low interest ratesion i that is inflation down. i think that is why markets are why financial markets are concluding isn't in concluding that he isn't in this for the long haul, isn't this fly tbs lgng haul. isn't ”""*""'*”'” to stick tbis fsf tbs tsbg bsst. isb't " "' "" to stick this one out terms of 7 termsiofadditional’ " in terms of additional value—added costs on us in terms of additional value—adde because 1 us in terms of additional value—adde because other parts households because other parts of his economic agenda are not sf mseconemis sgsnds srs bat with what he is consistent with what he is proposing. if consistent with what he is p"°p°5i"9-_ consistent with what he is --roosina. ., ., proposing. if??? m proposing. if??? has happened with canada, trump are keen to out that he has happened with canada, trump are got1 to out that he has happened with canada, trump are got some out that he has happened with canada, trump are got some concessions he has happened with canada, trump are got some c

. >> what about that senator i mean after president trump called out brian moynihan in davos bank oforgan said we don't do that we don't do debank because of politics, tell us the faction, are major banks debanking conservatives? >> this is un-american un-american to discriminate persecute based on political views you see whether education institutions or financial services the hearings, is designed to get to the bottom of exactly what is happening what are the facts. it is unacceptable we are going to understand the lay of the land in terms of conservatives being percent kooutsdz based on political beliefs services to extent that is happening, clear from my campaign trail, that the people think it is happening in pennsylvania, we need to act that is what banking committee will do we got to get facts first that is what, this hearing is all about. >> we will watch that closely your take on tariffs sir because you are a businessman you understand, the global story but china has been undermining you've states for decades, now claims to be hitting back with retaliatory tariffs beginning

. >> i'm kourtney, i know you just came back from the world economic forum in davos.europe is. and now that this opening salvo of, of a trade war has been fired by the us. >> it was really interesting because i've been to davos, the world economic forum a few times, and. never before have i felt such a split in the vibe. you talk to americans and american ceos, they were feeling quite giddy, very excited about deregulation under the trump administration, potential tax cuts under the trump administration. but you talk to the europeans and their economy already is not doing so hot. germany and france actually contracted. their economy shrank in the most recent quarter. and they're really afraid about what the impact of tariffs will do. >> to the continent. >> and, you know, the executive order today only addresses canada and china and mexico. but we heard trump in the oval office say that he plans to implement tariffs on the eu. so very weird vibes. and i. >> think the. >> giddiness of. >> corporate america might be a little less so today, given all of the responses fro

>> actually, he sort of did in davos in davos.e he was talking remember before all the world leaders. and he said if you do not make your product in america you will be tariffed. so if you're talking about products that could be tariffed alex look at look at your charcuterie board, all of those, all of those meats and cheeses from europe, they're most likely going to be tariffs, the wines that we consume, the luxury brands, the purses, the clothing. there is so much there. and also on top of that, you'd be surprised of how many auto parts are made in europe. for us carmakers like ford. so there is a lot there that people don't realize in terms of the interconnectivity, if you will, of the global supply chain that makes u.s. products. even back here at home. >> i think we're all becoming more aware of that. lori ann, i want to thank you for the report. we'll see you again in the last hour, the canadian ambassador to the u.s. told me something surprising about donald trump's tariff war and how it's unfolding. we'll have how it's unf

it's soc heard, soc spoke at the world economic forum in davos despite the fact that harris soc, is a monthly is ready. politicians accused of inciting genocide in got it as a reminder, as if we needed one that the crackdowns on criticism of israel. and it's a trust that he's against the palestinians. are still happening even in countries that are allegedly neutral in the shadow of shanghai is moving metropolis, a crumbling fee to provide centuries to tradition for an aging oper true. it's both the stage and the home, but faced with eviction to make waiting for modernization. one oper singer leads the fight to preserve both the refuge and their culture. madam white snake, a, with this documentary on a jersey, you know, a fox, my boss year s came and strikes gunfire and enjoyed a dangerous journey from my home. for late in the dawn, now disease is catching up with her. mother is worried. the pain back home came and dropped. it killed my mabel with school had children. i saw it. this is joe opened up with a town that many refugees are traveling through before the influx. there are about

it's soc heard song spoke at the world economic forum in davos despite the fact that harris soc is among the is really politicians accused of inciting genocide in got it as a reminder, as if we needed one that the crackdowns on criticism of israel and it's atrocities against the palestinians are still happening even in countries that are allegedly neutral in connecting communities. adoption was never a benevolent effort. my family didn't need to be separated. my family needed to be supported. this isn't just about korea, this is a global industry opening up the conversation. would you say a conferences are, do people have less stress because it won't be this out. the forget for people who are actually facing the brunt of climate change with fresh perspectives from less are heard. voices the stream, explores the key issues of our times, one 0 to 0. we know what's happening in our region. we know have to get for places that others tend on fear god buys and put a youth on purpose. as far as the way that you tell the story is what can make a difference. o g 0 goose. beneath the waves with a

that is really president, it's soc heard, soc spoke at the world economic forum in davos despite the fact that harris sock is among the is really politicians accused of inciting genocide in got it as a reminder, as if we needed one that the crackdowns on criticism of israel and it's atrocities against the palestinians are still happening even in countries that are allegedly neutral this is refrained. we'll be discussing the war in gaza and today how palestinian oxys are responding to it. the only thing that's right is have is the power of hope, award winning old, the fashionable to speak to palestinian bye to ed director. ok. i'm assuming that you are able to train those emotions that come on with something to the beautiful and see those emotions without the wounds that's coming. refrain on out in the streets of damascus and not safe for children. the safety in numbers, but that doesn't always work. i was passing by the bridge and this guy came up. he asked me how much money i've got. i told him i didn't have any, just hit me on the spot too. afraid of being docked again. 14 year old

it's soc heard, soc spoke at the world economic forum in davos despite the fact that harris sock is among the is ready politicians accused of inciting genocide in got it as a reminder, as if we needed one that the crackdowns on criticism of israel and it's atrocities against the palestinians are still happening even in countries that are allegedly neutral in depth analysis of today's headlines. what will this us determination from genocide do critical debate? this then side determination was not to me because of anything that was happening on the ground, but more to do with the fiscal dynamics in washington informed opinions centrally to european countries are directly affected by this whole new korean transit. inside stories of germany have tomorrow, or 14th request anything from the new city leadership on out to 0? well, the things to reason the russian outages selection that the best news from across on that with the february on a jersey to we years own from the outbreak of the war and you cream out of view. it explores the human cost analysis, whether politics or the battlefield will

it's soc heard, soc spoke at the world economic forum in davos despite the fact that harris sock is among the is really politicians accused of inciting genocide in got it as a reminder, as if we needed one that the crackdowns on criticism of israel and it's atrocities against the palestinians are still happening even in countries that are allegedly neutral the increasing power on africa, russian most. and that is killable to use violence in the country. because he's russia's presence in the central african republic, a stabilizing force, or calculated strategy for dillman. and this is, of course, the continent. they provide security and they take uranium, they provide security. let me take diamond rushes shadow and africa coming soon, phone out to 0. in depth analysis of the today's headlines. what will this us determination of genocide do critical debate based insight determination was not to me because of anything that was happening on the ground, but more to do with the fiscal dynamics in washington informed opinions centrally to european countries not directly affected by this whole ne

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and trade unions were react seem to what have you had many a said that the world economic forum in davos, plunging, pledging rather to eliminate once he times woke policies. and here's why i'm not report from one is there is no response. you know, it's and see that the president have you, emily speech on the other side of the world was immediate anger, fear, and the determination to resist organizing public assemblies like this one to discuss their response that i've seen any shooting that i've shown k 40 seed and did, and diverse was a provocation, a consolidation of his id on a j. bear with in several protest since president relate, took office in december 2023. the radical policy to cost state spending on health transports in education. how do i get the most and that will hopefully everyone feels they should protest, but also that they can take these discussions today with plants and to our families because these are problems that touch on lives at this moment. lee has closed the ministry for women and diversity. a policy institute against discrimination and racism is surprised when m

welcome to and so i see you see that the use a terrorist has to present trumps promise that he made in davos to say it's much better for the rest of the world. investors in the rest of the world to deal with us as a partner rather than as a competitor. and these terrorists are a tool for him to achieve that objective. so you're saying the goal head by mr. trump, a sudden the one that he's promised people to get back into power again is to improve the economy and bring back the jobs is not likely to be a successful tack sake. with that, as the end goal as well. you know, in the united states had been the world leader in production of steel and aluminum, or decades ago at last edge, partly because of the low cost of producers in brazil, canada, mexico, a soft korea, vietnam. but i think this is one way of improving the cost of dressing, the costs and balances between the united states and the rest of the world. by putting the tariff in it shows that producers is the rest of the world. they want to sell in the us market, which is a huge market for, for steven aluminum. or it's much better for t

it's soc heard, soc spoke at the world economic forum in davos despite the fact that harris sock is among the is ready politicians accused of inciting genocide in gosh, it is a reminder as if we needed one that the crackdowns on criticism of israel and it's a trust that he's against the palestinians are still happening even in countries that are allegedly neutral. the latest news as it breaks for the display, as palestinians returning to their homes in the northern part of the prep is the versus the forward rebuild. there's that are live with detailed coverage, well, fluids and medical supplies and the building materials offloading. and so the goal is to suppress you and says that must of needs remain from the house of the story, say nice admission stays almost 70 percent of buildings in the gospel strip have been either damaged or destroyed in depth analysis of today's headlines. what will this us determination of genocide do critical debate? this then side determination was not to me because of anything that was happening on the ground, but more to do with the physical dynamics in washi

and so i see you see that the use a terrorist has to present trumps promise that he made in davos to say it's much better for the rest of the world. investors in the rest of the world to deal with us as a partner rather than as a competitor. and these terrorists are a tool for him to achieve that objective as well. so. so to come here and i'll just say we're including colombia as president orders and china cabinet to step down. we'll explain why plus, can anyone start showing us from winning the hey i race was type lead as a catherine. yeah. to find out. i'm this actually popular the, the eastern medical event are still disappointing weather wise, and that kind of has spread across the ground and brought some significant rain or snow just recently. but the full cost has improved. in some part. i wouldn't include the band in that, but for the baby and financial the braces, much larger. there's clive building that will be some writing, i suspect later in the week. but not to this extent. that breeze is still blowing down through the boss for us in that towards the coast of egypt to kee

welcome to and so i see you see that the use of terraces to present trumps promise that he made in davos to say it's much better for the rest of the world. investors in the rest of world to deal with us as a partner rather than as a competitor. and these terrorists are tool for him to achieve that objective. the still ahead on the 0, ecuador in prisons on young about know, so has taken the lead in the election with almost 30 percent of provides counted those agreements on migration, the economy on foreign policy, a heated election debates is held in germany the but it's still snowing in japan and spinning good winter if you're a skate or not so much if you're doing anything else, that's no tires on monday and choose type of comes a little bit like that. maybe the same time cloud is gathering in china for another tongue of rain or snow, stretching out through the yellow sea towards the korean peninsula. the picture in support ro, zoe. it looks as though the stair was improving and still got 3 days, all snow on and off, and then the wind increases. the temperature really doesn't get much a

welcome to and so i see you see that the use a terrorist has to present trumps promise that he made in davos to say it's much better for the rest of the world. investors in the rest of the world to deal with us as a partner rather than as a competitor. and these terrorists are a tool for him to achieve that objective. what's also to come here and i'll just say era, including the truck with the streets of the bridge demanding the spanish government, take action on the housing crisis and celebrations in philadelphia. opposite the, those trouts, the kansas city chiefs, to witness with about more than that states the examining the headline, assessing the discussions, exploring abundance of wells. clos programming, design to inform the most of a size on algae 0, connecting communities adoption was never a benevolent effort. my family didn't need to be separated. my family needed to be supported. this isn't just about korea, this is a global industry. opening up the conversations. would you say these conferences are? do people have less stress? because there won't be this out. the forget for peopl

as we have the one of the rest of the west stuff, a sheet by me, the for the minister of staves in davos. but then when you come back to see that you get the foreign minister and does nothing guessing much and the vision of the sea, they've got them administered of justice to execute a woman when he was the judge ends up. not the most fun, isn't it? but now he's is the head of the minister of justice and he is the one with the task . theoretically with the transmission of justice, profile cbs, you get the minute to suppose to change in the relatively short order, right? because the car right now, when we agreed the show ross team is the team that was running it live. and it's a point that danny was making earlier. it lives a very small specific corner of syria. small population in the north west right now. sure. us team is the same thing that was running. it lives is 2017, pretty much, but the prime minister has until march. and then as i understand it, the transitional government is supposed to be a different team. now this is very important to us. see if that's what happened honestly,

i spoke to him in davos a few weeks ago.y were in quiet period, but he's just really trying to become a positive example of social media. like doesn't have to be that the algorithms pick up on negative, harmful content and distribute it out. he wants to be a place for this. and so they've really led the charge, for instance, in trying to get phones out of schools and that sort of thing. also, just in terms of the stock price reaction, a lot of the commentary suggests it was a big surprise, the beaten and raise from pinterest, and it had been a stock that had underperformed over the last year, especially if you look at competitors like meta, if you want to call that a competitor. right. so potentially that's why you got such a good setup and a big reaction. keeping an eye on shares of amazon. as sarah mentioned earlier when we were taking a look in the premarket, it is it is down but not as much as it was directly after numbers, as we've said, the current quarter or the quarter that was reported was quite strong. it was guida

in davos we launched -- we were the first team that launched an evolution of the transformer architecturealked to several research labs, leading research labs, u.s. researchers that are starting to look at that stop in all likelihood, the next evolution of the transformer is coming out of europe. tom: do need to be worried that we can't build out -- build our own semiconductors? you have amazon and microsoft developing their own semiconductors around artificial intelligence. is that a gap that we need to close? jonas: that is a painful gap, certainly. certainly when you look at capex, the hyper scalars have assembled, it is impossible to reach the same levels and it is equally unlikely that we will build a competitor to amd or nvidia with a snap of the fingers. it is painful, but it is a reality we have to accept and i think every money that is directed against -- building a competitor to these juggernauts is wasted. tom: jonas, thank you very much. jonas andrulis, ceo and cofounder of aleph alpha, speaking to me just ahead of president macron's speech. . back to you. caroline: thanks so

thursday, he zoomed in to the world economic forum in davos switzerland. you know their slogan, you're too poor to hear our slogan. in a rambling address, the president, among other things, blasted european regulation and trade policies, while also renewing his promise for across-the-board tariffs. the only way to make europeans angrier would've been to publicly shame the singing career of david hasselhoff. "nein! don't hassel za hoff!" didn't know i spoke german, did you? trump once again threatened ourh tariffs. >> you can always become a state. >> stephen: "join us, you syrup-sucking freaks. you moose-fondling ice-holes. you'll need a new name. you're right above minnesota, we'll call you maxi-sota." [applause] trump also had a long ramble about how not winning the 2020 election was a good thing for him personally. >> through a stroke of luck or whatever you might call it, i am going to be present during the world cup and the olympics and the 250th anniversary. >> stephen: "i'm also going to be in office for 'wicked 2.' no spoilers! i hope that witch al

just this past week in davo's, trump once again raised the question of nuclear weapon negotiations, which we have not been involved in now for decades. but we have got to get re-involved in the best interest of the entire world. if president trump can lead the world in the direction of a containment, perhaps an end or a promised end to the use or even the threat of the use of nuclear weapons that would be a big deal. and if the world appears to be at this point, who can really be certain, but appears to be at a turning point. and that turning point screams out for another serious effort at disarmament, particularly in the field of nuclear weapons, and i hope that putin and russia and xi jinping, the chinese leader would somehow get together with trump and find a way to handle this. that is -- some people and sure will say that is totally unrealistic. trump cannot be relied upon, he is extreme the unreliable himself. all of that may be true, but the effort ought to be made. the effort ought to be made and even if he just begins that in it of itself. >> the caller brings up the cuban missil

reporter: donald trump raised concerns directly with bank of america's ceo at the world economic forum in davosusing bank of america of refusing to do business with conservatives. bank of america says they never close accounts for political reasons but rules and regulations sometimes require them to end those client services, donald trump's concern is finding bipartisan support. senator elizabeth warren who sits on the senate banking committee wrote a letter to donald trump saying she's ready to work with him. here's what warren said moments ago. >> donald trump was on to a real problem when he criticized bank of america for its the banking practices. >> reporter: giving trump credit which is a sign of the bipartisan support trump is now getting in dc. exactly what to do about it, that is where the roads diverge, warren is calling for more regulation from the consumer protection bureau but we will hear from witnesses who say regulation is the problem, it's not going to be the answer. stuart: interesting and complicated but important. thanks very much indeed. treasury secretary scott bessent wil

museum of modern art is a trustee that is on the board of directors for the world economic forum in davos. he's on international business council. the business is director. he's a council on the council of foreign relations. he's a trustee at new york university. he grew up in los angeles. his family were, i think his dad, older a store of some sort, but they weren't incredibly. but he you know, he did let's see. he university went to ucla, an mba, then got hired for first boston. his net worth now and he just got added to by forbes this is a billion and he gets 36 billion from blackrock and he 400 and some million dollars in shares from their he donated 50,000 the council of foreign relations a few years back the other the other example is james gorman. he's australian and u.s. he is chairman, ceo of morgan. he worked for merrill lynch, a visa. he serves on the federal reserve bank of new york. he's he's an institute of international finance. he's a partner in new york city. he serves at the metropolitan of art. these are the business, the council of foreign relations, the world economic

chairman, at an event in davos, the president said he'll demand that interest rates drop immediately. i guess i have a three-part question. has the president done this to you? has he made that demand? secondly, what is your response to that? and third, what effect, if any, does a president making these kind of remarks have on policy? thank you. mr. powell: three questions. i'm seeing it really as one question, though. i'm not going to have any response or comment whatsoever on what the president said. it's not appropriate for me to do so. the public should be confident that we will continue to do our work, as we always have, focusing on using our tools to achieve our goals and really keeping our heads down and doing our work, and that's how we best serve the public. i've had no contact. thanks. reporter: i'm from the "wall street journal." chair powell, you and several of your colleagues said at the last meeting that your policy stance was meaningfully restrictive. given economic and financial market developments since then, how has your confidence changed in an assessment that says i

when we talked two weeks ago we were in davos and i said every ceo here knows a.i.ey need to get with it and they need to get going using it. so we're seeing an embrace of the technology across the spec drum. maria: that was the cfo of open a.i., sarah friar joining me on the program yesterday discussing the future of a.i. we spoke with the company's new tool deep research released this week that's designed to act like a research analyst. the announcement coming days after open a.i. said it would speed up product releases in response to advances made by chinese rifle deepseek. alphabet announces plans to invest $75 billion in a.i. this year. microsoft of course investing 80 billion this year. scale a.i. ceo meeting with trump administration officials and lawmakers in d.c. this week to discuss the china threat on a.i. joining me now is the ceo of sand box aq, jack hitery is with us, sand box was spun outs of alphabet three years ago, the models deliver critical add advantaadvancesin life sciences. thank you for being here. >> it's wild times in a.i. maria: it really

i asked sarah friar about that when we were in davos, the cfo of open a.i. here's what he said about elon musk, watch this. >> he's a competitor. i want us to compete for the right things. let's compete for great outcomes for consumers and businesses. let's compete for getting investment and jobs into the united states and also for our allies. and let's compete on making sure that we are driving the right outcomes from a security perspective too. and elon knows that because in the end, we are at the tip of the iceberg here. we are scratching the surface of what's coming. this is the a.i. era. maria: musk is a co-founder of open a.i. but then he split from the company back in 2018, he filed a lawsuit to stop it from becoming a for-profit company arguing that the company breached its founding mission to not become a profitable company. open a.i. is pushing back, saying musk not only wanted that be created a for profit structure. is this just jealousy here? >> i think what elon knows and agrees with is building a.i. needs three things. you need amazing people.

something that donald trump said when he appeared before the world economic forum via satellite and davosorning about fentanyl here's what he said it doubles. >> to make your product in america we will give you among the lowest taxes of any nation on earth. if you don't make your product in america which is your prerogative, then very simply you will have to pay a tariffs. >> this morning and the messaging from the white house was very clear that the tariffs are met to stop the fentanyl coming over the southern border in the border in canada. it is a mixed message certainly and when you look at the fentanyl coming over the northern border like 40 pounds/year compared to 2100n border. what is going on from your perspective. >> if you compare candida in mexico and fentanyl .001% coming from canada and as far as i'm concerned that is too much, don't compare us to mexico, what i'm concerned it works both ways all i don't want to continue working and were working with the u.s. border patrol in our border patrol in the d.a., 2500d heroin and opioids came across the canadian border from the u.s.

. >> actually i've been saying to members at davos, let's chill. let's not get too overexcited. and to our members i've also been saying, look, let's not do any for tat. it's not when you hear something from one member, you immediately apply counter tariffs. >> but of course right away now we are seeing for tat tariffs. so her message to chill out not exactly resonating here. >> yeah. and i think i mean it is it's kind of hard where we think of the global economy has evolved and how we define value. it's not just tariffs. we think about security. it's tied into it. so it's not just, you know, the families of jobs, the agriculture, the industries that can go down the list. kim, that is affected. and to be able to send that strong message is, is something that seems like the countries are not willing to sacrifice. >> the trump administration is making its america first policy known on the international stage in other ways as well. marco rubio landed in panama on saturday, his first trip as u.s. secretary of state. the first leg on his central american tour could be the most conten

>> well, i think we heard it in davos where, you know, many of the ceos were saying we can't do business in europe, and these were european companies. so if we continue to to -- or if we start to deregulate again as we did in trump 1.0, that's like a tax cut, charles. and it'll go straight to margins, and that's really where a. a.i. is driving margins as well. starbucks -- comp sales were down, margins maintained s. so that's what you want to see. and i think this is good news, that that a we're talking about it. charles: you've been ahead of the curve on all of this, so thanks for helping us out, nancy is. talk to you again soon. >> thank, charles. charles: my next guest says there's probably more smoke than fire at least with the market jitters, cio wealth and investment management daryl crunk. i want to just pick pup on this part of the conversation -- ping on in this part of the conversation because deepseek, weeks seem like months these days -- [laughter] it wasn't that long ago a, but it felt long ago. and now, of course,s vance over in europe saying, hey, don't mess this up. >> ye

we heard that from stephen miller on fox news and ed mcmullen said that to you guys in davos.to look at the gaps between the united states and europe. trump says it's an atrocity. sounds like those tariffs will be introduced this week. lisa: i don't understand why the tariffs are being used, is it just a negotiation tool or to raise money to plug holes in the deficit? structurally the u.s. and this administration wants to isolate manufacturing so they could bring jobs home? which is it? annmarie: it depends on the target. if it's mexico, canada, trump wanted to come out and use a negotiating tool to get something when it comes to fentanyl. when it comes to places like europe, you will continuously hear reciprocity and they are unfair to american companies when it comes to the auto industry. jonathan: precisely. when we talk about reciprocity, it isn't the average weighted tariff, when it comes to the european union it is probably byproduct. it has to be about autos. there is a consistent complaint from this president on autos. europeans charging a 10% tariffs, the americans ch

last week at davos, i sat down with qiu jin, an associate professor of economics at the london school of economics. cajun, pleasure to have you. >> great to be with you, fareed. >> so you say that china is better prepared for a divorce with america than america. what do you mean by that? >> well, china has long been preparing for less exposure to the u.s., diversifying in all ways, not just in terms of trading partners investment, but also currencies and payment system. and whichever president comes around, that plan hasn't changed. in fact, the first time around, the trump tariff wars have set off this complete globalization frenzy among the chinese companies. 80 something percent of them have already implemented going abroad plans. >> so they're trying to create foreign markets that are not american and things like that, but still, there's a huge amount that they do sell to america. and the tariffs would hurt, right. >> the tariffs will hurt both countries. but you've seen already a gradual kind of redirection of trade to other countries. in fact if you look at the ev solar panels a

jonathan: in davos, switzerland, they do a horrendous job of that. london, terrible.ate to these meetings today. jonathan: well done, new york and mayor adams. just about unchanged. under surveillance, escalating tariff uncertainty. >> it is not the fed's job to comment on tariff policy. that is for elected people. generally, once somebody has to pay the tariff, in some cases it does not reach the consumer much. give remains to be seen what tariff policies will be implement it. it is on -- implemented. it is unwise to speculate. it is so hard to say what is going to happen. jonathan: global markets bracing for reciprocal tariff plans. citadel founder ken griffin attacking trump's tariffs in miami. "the bombastic rhetoric, the damage has been done. get tears into the minds of ceos, policymakers that we cannot depend on america as a trading partner." kelly ann shaw joins us now for more. what were the counterpoint be from the trump administration to comments like that from the citadel ceo? we sought from the ford ceo as well. kelly ann: good morning from us snowy washin

well, of all those factors that i was over a year ago, robert, we sat outside, we were chatting in davos, of all those factors that led to you being more hawkish, have they dissipated now? >> they have not participated. on the contrary, with the arrival of this threat of tariffs, they reemerged there before they were somewhat dissipated because we looked like. >> moving slowly. >> towards lower rates. what we have now is the threat of higher inflation rates. and for this reason, we have to be careful. >> governor, we've. >> had a lot of. >> discussions with governing council members like yourself about the prospect of a 50 basis point rate reduction that perhaps the ecb is behind the curve. i know you're sounding very hawkish, but not all members see the situation that way. they're very concerned about the growth profile. if you're wrong and if inflation doesn't materialize and growth is a greater. >> concern. >> would you be in favor of a 50 basis point rate reduction this year? >> i think this would not be a good decision because our job is to deal with inflation, not with growth. and

jamie dimon was on with andrew ross sorkin from davos and said, a little inflation is worth national security. something to that effect is what he said. that is a prism into how the administration thinks about this. and so the president isn't making this view, but he is implicitly making this this statement. hey guys, how much inflation is worth saving? 10,000 american lives, 50,000 american lives. and i think that's a consideration that investors not that samir was not sure but that investors have to consider. well, what does it mean to consider that though? i mean, i think. >> a lot of investors. >> start. >> from a position of that tariffs at. all at this. >> stage. >> especially if you want to just. >> impose them first and then. >> negotiate. >> are this kind. >> of chosen war? >> i mean. it's not. >> like there's an. immediate imminent thing that. >> investors say take care. >> of it with tariffs. >> and so. >> therefore you have to have the premise either the economy is going to be fine either way. or you have to deal with how either inflation or growth expectations. >> i thin

you know, obviously the president made waves, which he likes to do in his comments to davos, where he to demand. i think he used the word demand that interest rates move lower. now, the treasury secretary gave an interview this week in which he suggested they're more in tune with watching the ten year yield than they are in lowering interest rates, at least demanding that the fed do something about that. what's your reaction to that? >> you know, i applaud. >> i applaud the. the comments. >> by by secretary bessant because it reflects the reality that most people don't borrow at the very front end of the yield curve. at the federal funds rate, people get 30 year mortgages and they get auto loans and corporates borrow money. and so and so i applauded the focus on the part of the treasury secretary to that as being, you know, probably the most important interest rate in the economy. and obviously, you know, decisions by the treasury have a lot to do with that. >> richard, i appreciate your time very much. we'll talk soon. >> thank you. >> all right. that's richard clarida up next. inves

. >> to is what trump warned back at davos. now when it comes to president trump, he does. >> what he says. and so if he throws out the threat that if you don't make your product in america, we will tariff you. and that was a direct. shot to the eu. so i am really. >> not surprised. >> but this is a very far reaching. and for the viewership out. >> there, this pales. >> in comparison to the entire four. >> years of. >> the last administration. >> in terms of the size and scope. >> of these tariffs that are about to be levied. >> yeah. well, trudeau talking about $155 billion worth of goods. that's almost half of what we what we export to canada. maybe it's about half. so this is big. the premier of ontario has said not just tariffs, but as of tomorrow morning there will not be american liquor and alcohol available for sale in ontario. so the problem, of course, is that it's twofold. one is goods will become more expensive. but the second one is industries in america may get hurt. and last time we did this, we had to subsidize s

this comes, however, after ceo marc benioff discussed his company's shifting landscape in davos lastith our own andrew ross sorkin, this. >> is the first year in the history of salesforce. after 25. >> years, i. >> will not. >> hire any. >> net new software engineers. >> not one, new not one. >> and the reason why is it's not because. >> i'm not. >> going to write a huge amount of new products. it's because. >> our software. engineers are incredibly productive. >> they are by 30 to. >> 50% more. >> productive than. >> they were. >> 18 months ago. >> so this technology. >> the agent technology, again, is making. >> our engineers. >> more productive, our. support engineers more productive, our. salespeople more productive. >> our. >> marketers more productive. >> that is the. >> promise, the opportunity. >> to redefine. >> our companies. >> news alert now on scaling ai. axios is reporting its founder and ceo, alexander wang, will be in washington today and tomorrow to meet with lawmakers and trump administration officials. the report says that wang will discuss china's ai threat to the