business beyond. cheryl: once again, we are following the breaking news out of davos, switzerland. you're looking at a live picture of two white doors. this is the world economic forum, the conference centercting to see the president very shortly. in fact, just a few moments from now. this is the first day of davos, his appearance there, but it's also the first day of his impeachment trial in washington. he is going to be addressing the davos constituents. we will bring those comments live to you from the president. lauren: oven the 50th -- the president was not there last year. he returns this year. what will he say and what kind of reaction can we expect from the global elite and the financial markets? cheryl: let's bring in david nelson, chief strategist with bell point asset management, jonathan waktel, vice president of foreign for heritage, james karafano, with us as well. a big group to cover all of this, guys, good morning. >> good morning. cheryl: joh jonathan, i want o start with you, 50 years of davos, started in 1971. this is his second appearance there. the reaction -- now they know this president, these world leaders. now they've gotten used to what he's going to say. we thi