listen to what christine lagarde said earlier in davos.he economy continues to move ahead, significantly higher risks, some of them actually related to risks are, and these increasingly in a trend. andk of how higher tariffs rising uncertainty over future trade policy, higher market all until he. -- volatility. kathleen: and certainly uncertainty about trade, nations in the european union, certainly around the region. volatility, a list of concerns, a growth in the u.s. and china, unchanged since christine lagarde made this report. and it is interesting, a lot of people worried about a slowdown in the united states. china of course just giving their report since 2009, but tariffs, financial conditions, a brexit, a deeper china slowdown, all of these things are on christine lagarde's list. paul: kathleen, you can usually rely on germany to be a pillar of strength in the eu, but the imf just cut germany for its forecast, slashed it into the red. kathleen: did they ever? paul, when i was reading the report, that is what left out at me, a zero

as head of the international monetary fund, christine lagarde is at the helm of the global economy andn the cross-hairs of president trump's trade war. plus, white fragility and the racism we hide even from ourselves. our michel martin talks to author robin diangelo. ♪ >> uniworld is a proud sponsor of "amanpour & co." when bea tollman founded a collection of boutique hotels, she had bigger dreams, and those dreams were on the water -- a river, specifically, multiple rivers that would one day be home to uniworld river cruises and their floating boutique hotels. today that dream sets sail in europe, asia, india, egypt, and more. bookings available through your travel agent. for more information, visit uniworld.com. >> additional support has been provided by... ...and by contributions to your pbs station from viewers like you. thank you. >> welcome to the program, everyone. i'm christiane amanpour in washington at this hour, where crisis continues to disrupt the trump administration. and if democrats retake the house in november, buckle up for endless investigations and ever-more-bitter

christine lagarde is to join us in a bit. rogoff on this beautiful swiss morning. one of the great things about rogoffliticalness of ken is he has always been a steward of america's debt and deficit. now, the senate may be beginning to get together. we are shocked by day 32-33 -- whatever it is. permanence. three damage the debt structure of the nation? usually, a shutdown is natural disaster. if you have a natural disaster for three weeks it builds up and you get nonlinear factors. we are edging up to that. is absolutely critical. with a nonlinear effect you have the fancy talk of gamma, convexity, or accelerating damage. does the president, speaker pelosi, do they understand your nonlinear world? kenneth: who knows. i think they both think this is something they have to battle to the death and we are all standing and watching. it is a medieval shutdown. [laughter] do we have the tools in place for bankers to come together like they did in 2009? kenneth: the tools are better, central bankers are good and competent. if you go

sounding the alarm while global growth we are going to hear from the imf's managing director christine lagarde straight ahead. beijing blasting the u.s. on reports that washington will formally now seek extradition of huawei ceo we are live in china with the fall-out europe slapping google with a major fine over data privacy former nissan chairman carlos ghosn denied bail again in japan, and one of europe's biggest banks tumbling this morning after missing expectations we will run you through all the numbers on this tuesday, january 22nd, as worldwide exchange begins right now ♪ dow futures down 122 nasdaq and s&p futures also indicating the market likely to slide at the open trade concerns the shutdown all still out there. around the world in asia kind of a similar story. china is really where the news is today along with davos, and we are seeing declines in the chinese market yet again shanghai down more than %. japan off about one-half a percent. the early trade in europe. remember, they were open yesterday. we were here for the mlk day holiday. we are seeing declines across the board. we h

>> christine lagarde is onone of the most influential women on the planet, with the power to lend a trillion dollars to governments around the world. the managing director of the international monetary fund this week on "firing line." >> "firing line with margaret hoover" is made possible by... corporate funding is provided by... >> 10 years ago, the 2008 financial crisis shook the globe. a contagion that originated on wall street, that toppled governments and seemingly invincible institutions around the world. then, the #metoo movement upended the way society approaches women's roles in the workplace. the confluence of these events has caused my guest this week to quip that if lehman brothers had been lehman sisters, none of it would have happened. and as the eighth most powerful woman in the world, according to forbes, when she quips, people listen and markets respond. madame christine lagarde, managing director of the international monetary fund, lives and works at the intersection of these earth-shattering trends. with 189 member countries, under her leadership, the imf provides policy a

worse than it has been for a long time that's according to international monetary fund chief christine lagarde speaking at the world economic forum in davos the i.m.f. knocked down its global growth projection for the year to three point five percent down from three point seven the united nations expects even lower growth the cooling chinese economy is among the biggest global risks look are told the davos audience that could also cause turbulence. a new billionaire is minted every two days while the poor just keep getting poorer that's according to a new report published by oxfam the nonprofit organization says the fortunes of the world's wealthiest rose by twelve percent last year by the poorest while the poorest half of humanity three point eight billion people so wealth climbed by eleven percent but the study is not without its critics. according to the oxfam report the number of billionaires has doubled in the ten years since the financial crisis hit it also highlights that the twenty six wealthiest people on the planet known as much as the three point eight billion people who make up the

. -- forum, starting with christine lagarde. >> our forecast is 3.5 3.6 next year.f you say i see a recession, i say no. to bere was materialization of the risks we see on the horizon, this horizon is getting closer to what we had in october. that is why we slightly revised our growth forecast. if those risks were to materialize within a different story. you ask me which risk i rank higher, i would say that the trade tension is unresolved. , my number one risk , brexit uncertainty and the question again that we have on how it will be resolved, the timeframe, the after divorce situation. i would put that is number two, but probably major impact on the u.k. come impact on the eu, risks if the financial sector is not addressed, then i would have as a subset of that first risk -- another word trade tensions continuing to increase -- i would have an accelerated moderation of growth in china. >> we are slowing, but still growing. that is the good news. the bad news is that it is a synchronized slowdown. the world will slow down in a synchronized manner. that makes life mo

director christine lagarde warning of a global slowdown.d time in three months pointing to key risks including trade tariffs and a no-deal brexit and renewed tightening of financial conditions. >> even as the economy continues to move ahead, as i said, it is facing significantly higher risks. some of them actually related to policy. and these risks are increasingly intertwined. downgrade. where do you think it comes from? christine lagarde is attributing it to policy decisions in part. >> well, i think there has been a slowdown in the number. right? you look at the continued sequential slowdown in the chinese numbers in the second half of last year. the european numbers have continued to slow and the u.s. has also decelerated. i think there is really a need for major changes in forecast and the i.m.f. didn't make a major change. a little bit more of a lining up. some of the deceleration that was perhaps already in the forecast in places like the u.s. is now showing up in the data more clearly. rishaad: several people coming out saying there

to three point five percent it's the second downgrade in just three months managing director christine lagarde making the ausman just before the world economic forum kicked off in davos switzerland. it points to the threat of a us china trade war the worst growth rates in china three decades and a possible no deal breaker as reasons for its warchest. or more of what's going on at the davos gathering let's cross over to w. senior business editor ben for standing by for us in davos morning ben it looks like real isn't it christine the guard there there are a number of he konami clouds hanging over this session of davos definitely the big ones as you mentioned just that breaks it everyone's worried about that one of course that's coming very soon and then this trade war between the united states and china the top two economies who are also worried about slowing growth in their economies and everyone's worried about slowing global growth a lot of the big economic forecasters have now said that they're going to lower their full costs of growth to twenty nine thousand to around three percent so ther

i asked the managing director christine lagarde about what she sees for the u.s.ged. >> first of all, there is no recession in the u.s., as we discussed. and our forecast is unchanged for this year and next but the shutdown is clearly having an impact beyond the fact that people who operate from one check to the other are hurt and it's a sad situation, i have to say but from an economic perspective, typically, a shutdown of a limited duration has a minimal impact on growth you are talking about 0.01 or 0.02 that's the magnitude we've been used to. but the longer it lasts, the more impact it has and, you know, when we do those assessment of sharp growth whether it's on trade or shutdown, you have the sort of direct impact. but then you have to add to that the confidence impact. and the more uncertainty and the longer it lasts, the more impact it will have from a confidence perspective. and people beginning to think, well, can this be fixed? and how can policymakers arrive at solutions and will that uncertainty actually impact the way in which we conduct business go

but we have also heard interestingly another side of the comment from the imf chief christine lagardmost 50% of the population, where there is a crisis, and more reforms are needed. and that, combined with a high unemployment rate of about 3.8%, could put a halt on the indian growth plans. still more challenges for the indian government and the overall economy. thank you so much for that update from delhi, the bbc‘s business correspondent devina gupta. facebook has admitted that it needs to regain the public‘s trust after scandals over fake news and users' privacy. nicola mendelson, the social network european boss says it is focusing on removing so—called bad actors from the site. we've actually done a huge amount of work around integrity going back to november ‘16. it is important to remember no—one was aware of the threat in that time. we thought it would be around packing and we were ready for that. but i don't think anyone expected interference from you know different countries coming m, you know different countries coming in, bad actors coming in and getting involved, so we've

speaking at the world economic forum in davos, christine lagarde warned the downside risks are risingchristine: even as the economy continues to move ahead as i said, it is facing significant -- significantly higher risks, some of them are related to policy. and this risk -- these risks are increasingly intertwined. president xi is stressing the need to maintain political stability amid in uncertain outlook and a trade war. the u.s. is said to be the -- seeking to extradite the ceo of huawei. he was arrested on allegations related to the violation of iran sanctions. the u.k. labour party is proposing a vote in parliament on how to vote and no deal brexit. one of those choices will be a new referendum. the times reports that up to 40 minutes of the u.k. government could resign next week if conservative mps are banned from voting for a plan to stop a no deal brexit. it comes as to key markets announced they will move part of their trading operations from london to amsterdam. one trades around $15 billion a day which -- and another shifts most of its equities trading out of the u.k. ther

the funds managing director christine lagarde kicked off her appearance at the event by raising the alarm about the impact of trade tensions also citeding slowing growth in europe, china, and emerging markets. meanwhile, pwc has released a survey showing ceos have become a lot more pessimistic with one-third of corporate bosses having a more bearish outlook compared to just 5% last year. >>> well, many of the leaders we have spoken to here already in daf yoes have warned about the impact of trade tensions >> the stacking up of inventory and resources. they've not prepared quite as much as larger companies >> we were not looking at the long-term risks, and these long-term risks have accumulated. this year has been particularly bad in the long-term risks in international trade. the absence of international cooperation, the absence of china, the u.s., the yueuropean union, japan to sit around the table for international trade, and that has created uncertainty, and uncertainty now is having a real impact on the real economy >> we are increasingly in a geopolitical recession, and we've spent t

the managing director christine lagarde warned that downside risks are rising. u.k.posing a series of votes. one of those would be a new referendum. up times is reporting that to 40 members could resign next are if conservative mps banned from voting. this comes as to keep markets part of they will move their trading operations from london to amsterdam. moving the foreign exchange swaps which trades $15 billion a day. and the other ships must of its trading out of the u.k.. said this is a massive downside to investing in the u.k.. >> it is almost impossible to rationally invest in the u.k. at the moment unless you are looking at distressed. there is masses of downside. which is not quantifiable. you do not know. and the upside is limited. >> global news 24 hours a day on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. manus: thank you. a deeper look into the ubs numbers, we have been talking about them throughout the show. this was bank sought asset outflows of 28 and dollars after the rich clients took fli

as head of the international monetary fund, christine lagarde is at the helm of the global economy andn the cross-hairs of president trump's trade war. plus, white fragility and the racism we hide even from ourselves. our michel martin talks to author robin diangelo. ♪

managing director christine lagarde characterize the latest economic indicators earlier today and the bottom line is not off to two years of solid expansion the world economy is growing most slowly than expected.

economy is worse than it has been for a long time according to international monetary fund chief christine lagarde speaking at the world economic forum in davos the i.m.f. now down its global growth projection for the year to three point five percent that's down from three point seven the united nations expects even lower growth cooling chinese economy is among the biggest global risks look are told a davos audience bragg's it could also cause turbulence. and speaking of china's economy the growth rate there has point in almost three decades fueling concerns it could slow the global economy down with it raising questions about what's really behind the slump and whether the rest of the world should start getting worried. once upon a time chinese economic performance wasn't global news those days are long gone the country's growth rate now act as an indicator for the health of the entire world's economy no wonder then that this a ninth month was so hotly anticipated. according to preliminary estimates the total value of china's g.d.p. was ninety point zero three trillion you won the samantha to a si

christine lagarde believes that is leading a grassroots movement of schoolchildren and they're quoting a wall of the to take concrete action against climate change now she and thousands of others have been skipping school on different continents once a week in protest. i traveled here by train and that i am doing because i stopped flying because of climate reasons. because i i don't want to. say one thing and do another thing i want to practise as i preach and. that the trip here took about thirty two hours i think from stockholm to. young people need to realize what it means that their future is at risk in they need to do something about that gets angry and transform that anger into action where it's a story went viral last year and she gave a speech at the climate change conference call twenty four in poland and she started the hashtag fridays for future you can see in the corner there as well as climate strike and school strike for climate and since then she's received a lot of support from both children and their parents too so much so that kids are using social media to spread the

managing director christine lagarde characterize the latest economic indicators earlier today and the bottom line is that off to two years of solid expansion the world economy is growing most slowly than expected and risks are rising. does that mean that a global recession is around the corner no but the risk of a show up a decline in global growth has certainly increased. to this. the uncertainty the geopolitical where is and disappointing long term growth prospects and you have an economic pitch with a pretty clear message. and another disconcerting data point has been added to that litany of disappointing growth numbers as china post its worst growth bigger in almost thirty years china's economy grew by six point six percent overall and twenty eight thousand according to the chinese bureau of statistics that announced figure which most other nations of the world would envy is for china the lowest growth rate since one thousand nine hundred ninety you may recall that the chinese economy had been growing in the range of seven to eight percent from two thousand and twelve to two thous

three point five percent it is the second downgrade in three months no less in managing director christine lagarde made that announcement on the eve of the opening of the world economic forum in davos in switzerland citing unresolved trade ties a slowdown in china and a possible no deal gregg's it as reasons for the move now the theme of this he has outlined gathering of world leaders and business executives is globalization four point zero we sent our reporter in davos out to find out what that actually means. here in the middle of davos not everyone is toeing the globalization line during the world economic forum most stores are inundated with global multinationals but this shop window continues to display exclusively swiss souvenirs regardless for a few days every january davos becomes a truly global village. it's populated by people from around the world who come here to network but globalization is facing growing obstacles a powerful nationalist politicians across the world are openly attacking free global trade but many economists still remain unperturbed. very focused on steel and automobil

managing director christine lagarde characterize the latest economic indicators earlier today and the bottom line is not off to two years of solid expansion the world economy is growing most slowly than expected and risks are rising. does that mean that a global recession is around the corner no but the risk of a shop a decline in global growth has certainly increased. to this. uncertainty the geopolitical where is. and disappointing long term growth prospect and you have an economic pitch with a pretty clear message. and another disconcerting data point has been added to that litany of disappointing growth numbers as china post its worst growth bigger in almost thirty years china's economy grew by six point six percent overall and twenty eight thousand according to the chinese bureau of statistics that announced figure which most other nations of the world would envy is for china the lowest growth rate since one thousand nine hundred ninety you may recall that the chinese economy had been growing in the range of seven to eight percent from two thousand and twelve to twenty fourteen t

christine lagarde is leading a grassroots movement of schoolchildren and they're calling on the world leaders to take concrete action against climate change and she and sounds of others have been skipping school on different continents once a week in protests. i travel to by train and that i'm doing because i stopped flying because of climate reasons. because i i don't want to. say one thing and then do another thing i want to practice as i preach and. the trip here took about two hours i think from stockholm to. young people need to realize what it means that their future is at risk in they need to do something about that get angry and transform that anger into action that's a story went viral last year when she gave a speech at the climate change conference call twenty four in pomona nasheed started the hash tag fridays for future and school strike for climate and since then she's received a lot of support from both children and their parents too and kids are using social media to spread that word the pricing pictures of their protests in fact this was from earlier today is that hap

environmental issues been meeting with scientists in davos as well as the head of the i m f christine lagarde she's the head of i.m.f. and grass is leading a grassroots movement of schoolchildren now they're calling on well the to take concrete action against climate change as she and thousands of others have been skipping school on different continents once a week in protest. i traveled here by train and that i am doing because i have stopped flying because of climate reasons. because i i don't want to. say one thing and then do another thing i want to practise as i preach and. the trip here took about two hours i think from stockholm to. young people need to realize what it means that their future is at risk in they need to do something about that and get angry and then transform that anger into action. gretz a story went viral last year when she gave a speech at the climate change conference called twenty four in poland and she started the hashtags there's you can just see it just friday so future as well as school strike for climate and since then she's received a lot of support from both

just weeks after speaking with jamie dimon, francine lacqua sat down with imf managing director christine lagardeey discussed european issues from a slightly different perspective, starting with the perspective on european economic integration and why it has been so slow. >> in times of crisis, when there was necessity, they eventually moved very fast. the euro area that was clearly incomplete and needed to be sanctioned. they put up a firewall. they reinforced the banking system. i think they came to close accountability, but it is still short of what is needed. they need more trust. they need more accountability. i think they really need to strengthen three things. one is the capital market. two is the banking union. capacitythe central that will actually signal to the rest of the world that they are shoulder to shoulder together, and they will face the next crisis. >> on those three points, especially the banking union and capital markets union, it has been in the progress. it is in the making. will we get a real capital markets union in our lifetime? >> in your lifetime, yes. in my lifetime,

christine lagarde says growth is lower than expected and risks are rising. >> given as the economy continues ahead, as i said, it is facing significantly higher risks. some of them actually related to policy. increasinglyre intertwined. ramy: president xi jinping warns senior leaders in beijing that political stability is crucial in the face of slowing economy and simmering trade war. he says the communist party must make greater efforts to prevent and resolve threats, saying areas of concern, politics and ideology to the environment and global circumstances. xi warned of pacifists and glowing corruption. the u.k.'s looming split from europe sees two he more markets move out of london. cme group is shifting its forward and swaps to amsterdam. the foreign-exchange is $15 billion each day. also moving most of its european equity to the netherlands. cme and cboe are both waiting for regulatory approval from dutch financial authorities. ireland has nominated central bank governor phillip late to join the ecb as it prepares to end crisis-era stimulus. the eurozone finance ministers met in brussel

topic guys, i also wanted to bring you a piece of my conversation with ibm managing director christine lagardes been a hot topic in davos. here it is. >> we made a commitment a year and a half ago to get in our out-of-school hiring which is what a big part of goldman sachs is to equal men and women and no reason we shouldn't. we're hiring 3,000 people out of year in universities that have more women than men in them, and the problem is if you look at the ole systems that -- how those hiring processes work, they perpetuate the bias instead of basically going out and saying hey, if we're going to hire 3,000 people out of school, we're going to find 1,500 great women and is a hundred great men and figure out how to make that work. >> citi group recently put out a study saying 28%, 29% gender pay game, and it wasn't because men and women were being paid for the same job unequally it was just that women weren't represented in the upper echelons of management. >> it's you have to get more people into these jobs and, look, from our perspective we're trying to identify and pull women along into leader

davos, christine lagarde warned the downside risks are rising. ubs saw outflows of almost $13 billion in the fourth quarter. withdrawals totaling was a billion dollars at the bank key global wealth management business and in a sign the worst not be over, they warned increased volatility, protectionism, and geopolitical tensions could -- could continue to way. the outflows are more about market sentiment that ubs itself. u.s., weook at the have net outflows but if i look at the invested assets, we have manyperforming better than of the four quarters. this is looking like some it is happening in the entire market. i see that are competitive position has really changed. it's reflective of the sentiment that we saw. less leverage and more people going into cash. >> at a meeting of top chinese officials, the president said to have stressed the need to maintain political stability amid an uncertain economic output and a trade war with the biggest economy. this coming as the u.s. is said to still be seen -- seeking to extradite the huawei ceo from canad

was imf lowering global growth forecast for 2019 now say 3 1/2%, it was 3.7%, interesting with christine lagarde comments earlier from davos talked about u.s.-china their forecast had been lower for 2019 now it is even it is at par. so they are actually bullish like the panel maria just hosted bullish on china and u.s. economy. i thought very interesting. >> yes i think a lot of the reduction in growth forecasts are for transitory issues, u.s.-china trade, it is the brexit, it is the -- protests in france, they see are all transitory issues will work they'll out as they work themselves out, then growths comes back into the economies just an issue about no one knows when those issues get settled what type of economic impact they have while still going on. but as i think they are transitory issues and growth paths return once we get through them. >> the message from davos 2018 was synchronized growth story now that is a synchronized slowdown to pick up on cheryl's question imf forecast of global slowdown to 3 1/2%, they are expecting in this lower forecast that brexit is orderly more tariffs on ch

speak to another powerful woman on the world stage. h ead of the international monetary fund, christine lagarde the helm of the global economy and in the cross-hairs of president trump's trade war. us, white fragility and ve racism we hidefrom ourselves. our michel martin talks to author robin diangelo. ♪

yes, we have christine lagarde, the head of the imf, warning that trade wars would have a negative effecteconomy. there is increasing pressure on donald trump, especially after the shutdown, he could do with the political wing. he is indicated in the past that he is keen to have some sort of progress that he can show on this deal between the us and china, but it is a huge unknown. the chinese have seen a huge unknown. the chinese have seen him fold over the government shutdown and they might exploit what they see as a weakness. both sides could do with the compromise. it goes back to this idea that the americans feel the chinese economy is unfairand the americans feel the chinese economy is unfair and the question now is how much are the chinese willing to give on this? will it be enough to satisfy some of the hawks in the american administration? michelle, thank you. on huawei, so far the chinese saying that they will keep huawei separate from those trade talks, but given that their chief financial officer has just been indicted by the americans, i wonder how that will go over in the nex

next week on bloomberg, or daily , we will bem davos speaking to the imf managing director, christine lagarde plenty more beside. bloomberg radio is live on your mobile device or on digital radio. there is our data post star herself, francine lacqua desk star star -- davos herself, francine lacqua. this is bloomberg. ♪ matt: welcome back to bloomberg markets: european open. 15 minutes from the start of cash trading. across the board following these in gains in the asian cash trade. 0.5%.utures up u.s. futures pointing to a positive open. we could end the week on a high note is what i'm trying to say. anna: amazing to see despite the talk about what could begun gone trade. let's talk about brexit. theresa may has refused to budge on her red lines. politicalher in a stalemate with jeremy corbyn. matt: it also limits the prime minister's options when she had stood brussels to seek further assurances with the eu. she is not going to davos because she actually has stuff to do over the weekend, tracked figure out the plan be. let's get the bloomberg business flash. debra: bird box and other new sho

republicans are taking a hit here and the economy is also becoming a larger issue, the imf leader christine lagarde in davos saying there are global problems stemming not just from the trade policies but also from the government shutdown, and a slowdown in china. >> yeah, exactly. there's talk out of the white house that growth in the first quarter could be down to zero percent, which of course would be a dig disappoint for the president. and you're right, his poll numbers have sunk a little bit since this began. the white house is gambling all of that will be forgotten if they come out of this with a win, that what matters in the long run is he is seen as fulfilling his campaign promises, none of which is more memorable or higher profile than the wall. if he gets that, then a year from now, two years from now, when we're heading to the polls for his reelection, nobody will care as much about how long the shutdown lasted. their view is the economy should bounce back once the government starts again. but it's a big gamble. >> in the normal cycle of economic recoveries, they're due for a recession in

i had some meetings with angela merkel and christine lagarde, this is a key moment. -- inly because itical good, but because it is a good way to empower growth around the world. notress is there, but enough, so the idea is to invest in a strong network of women and work and help the young generation to be confident and agree to have good conditions in their workforce. are governments and businesses taking action or are they too distracted? >> some, but in my opinion, we should do more. on any level, everywhere. francine: they give her much for joining us. back to umass, i'll have plenty more throughout the day. plenty more, thank you for that. earlier this morning, we caught up with barclays ceo. asking him if european banks are ready for the next crisis. >> i think the banks are in very good shape. rather world, the level of capitalization -- our risk is more than -- risk assets are more than three and half times what they were in 2007. the calculation of risk on our balance sheet is 2-3 times more stringent than 2007. the level of liquidity, i think the banking system, more than like

nejra: we will also hear from some of the top people in the world, christine lagarde, and the president of south africa. when you are traveling to work, tune into bloomberg radio, live on your mobile device or london or one -- war on dab -- dab digital radio in the london area. ♪ manus: it is "daybreak europe." i am manus cranny in dubai. nejra: i am nejra cehic in london. the boj stands pat on policy but cuts its inflation outlook. the outcome is a weaker yen. 109.64.en at we are a little weak on the msci asia-pacific index. concerns swirling around global growth and trade. the pboc pumping liquidity through the banking system. the one strengthens -- yuan strengthens. manus: miles to go before i sleep. copper bounces. bit --is just a little in terms of the run. a six-day winning streak. u.s. equity futures indicated just a little bit higher. we got dumped yesterday, 1% slump. second worst day in the s&p 500. who is right here, larry or talks?on after chinese that is the mood in the market. ceo stephen schwarzman, corruption investigations are stymieing growth in the chinese economy. he

the imf's christine lagarde speaking to cnbc earlier this morning.you what she had to say when we return in just a moment back here at the world economic forum in davos ♪ hawaii is the first state in the u.s. to have a hundred percent renewable energy goal. if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution that lets us collect near real time data on our power grid. ♪ if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners. from energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. >> the numbers are coming in at $1.25 a share. johnson & johnson beating estimates. re

boards are starting to feel that pressure and christine lagarde said yesterday, the compensation cultureat will investments look like under brazil? >> it is an exciting time for brazil. you have got two or three factors. brazil has been pretty well run for the last couple of years under the outgoing government which was politically confusing but from a macroeconomic point of view, good. you have a recovery driven by credit expansion, driven by a pickup in employment. if the government are able to implement fiscal reform, the change to the pension scheme, to solve what is basically a future problem in terms of government expenditure and they bring in and idea of privatization microeconomic reform, the opportunities look attractive. tom: thank you so much for joining us today. up, to synthesize all that we have seen here. this is "bloomberg." ♪ tom: the queen desires her united kingdom to seek out calming ground. into the weekend, they many britons consider a choice -- the ains consider a choice. the president desires his united states to build a wall and crime will fall. clean up thempt t

we're going to play you some highlights from my conversation with goldman sachs ceo and christine lagardet opportunities are in finance and where this industry is when it comes to hiring and promoting women. hot topic of discussion here in davos. guys, i know you talked about png earnings just out. stock on the move. we're going to talk to the ceo david taylor tomorrow. the p&g earnings sum up what we've been hearing from some of these big guests and that is maybe a slowdown in growth but not an all-out recession and still plenty of signs of growth in pockets around the world. so we'll definitely get into those themes as well as you have becky? >> okay. thanks, sara >>> when we come back, jpmorgan ceo jamie dimon will join us to talk banking, regulation, and the state of the u.s. economy as the longest shutdown in government history reaches 33 days you're watching "squawk box" on cnbc i consulted with your grandmother's doctor. we can do the screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance