coming up, jenny johnson of franklin templeton, christopher wilcox, and mario greco. they will be interesting. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. the world economic forum in davos is taking place now in the shadow of donald trump's the white house --donald trump's return to the white house. francine lacqua is on the ground and joins us with another guest. >> thank you. joining us is jenny johnson, chief executive of franklin templeton, and i have to say it's cold, colder this morning then yesterday, but at least it wakes us up to try and figure out the world economy and everything that goes with it. a lot of the participants were looking at the inauguration. a lot of the bankers are expecting the regulation -- expecting the regulation and donald trump to not kickstart because it is doing ok but better the economy of the u.s. jenny: the view on trump is very clear that he once less regulation. he said that for every new one enacted he will take away two regulations so i think that is positive for business. i think you will continue sp