reports suggesting it will potentially be treasury official david malpass. a very vocal critic of the world bank. rob, going back to emerging markets, are investors pricing in the fact that not only could we see a protracted trade war, but the dynamic between the u.s. and china has fundamentally shifted? that this will be a competitive dynamic going forward? >> it will be a competitive dynamic, it always has been, and will be. competition is normal in the global macroeconomy. i like to play the long game. roll the clock forward 10 years, will there still be a trade war between the u.s. and china? i don't think so. will the geopolitical concerns of today still be there 10 years from now? no, but there will be other ones. the troubles that cause people to selloff emerging markets so that they performed in a very disappointing way this year, actually, very few of them are likely to be in place in 10 years. the result is it is entirely reasonable for emerging market to reboundean revert back to historic norms, which for emerging market is about 17 times instead

on was a, president trump dominated -- nominated david malpass. he currently serves as treasury secretary for international affairs. you must be approved by the world bank's 12 member executive board. president trump: high, everybody. everybody. we are dealing with a very special man, a very special person. it is my pleasure to announce my choice for the next president of the world bank, mr. david malpass. i have known david for a long time. very extraordinary man. with us today, are his wife, adele, as all of his -- as well as his three children. i want to thank you all for being here and i want to congratulate you will. thank you very much. [applause] where please to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as all --ambassador bob lighthizer, as well as ambassador bob lighthizer. how are you doing, bob? how are you doing, china bob? it is going well. and treasurer jovita, thank you all for being here. and, ivanka trump, and kellyanne, and a lot of great people. of theng the resignation former president o

let's turn to the us now, where president trump has formally nominated david malpass, the top diplomatbe the next head of the world bank. mr malpass has been responsible for overseeing us involvement in the world bank and imf. but he is a controversial choice, as an outspoken critic of the institutions — as samira hussain reports. david malpass was a senior economic adviser to donald trump during the 2016 presidential campaign, so an early trump supporter but the nomination david malpass has caused some woi’i’y nomination david malpass has caused some worry that he will try to diminish the role of the world bank, and that is because he has set in the past that international for natural institutions are corrupt, inefficient, spend too much money, and are generally rather useless. and that might make him an odd choice to run one of the biggest international financial institutions in the world, but the white house on wednesday really moved to counter that perception, saying that mr malpass is committed to modernising the bank and making sure there is more accountability by borrowers.- tre

david malpass. i have known david for a long time. very extraordinary man. with us today are david's wife, adele, as well as his three children. i want to thank you all for being here and i want to congratulate you all. thank you very much. [applause] president trump: we're pleased to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as well as ambassador bob lighthizer. how are you doing, bob? how are you doing with china, bob? it is going well. linda mcmannon, and treasurer and thank you all for being here. and, ivanka trump, and kellyanne, and a lot of great people. following the resignation of the former president of the world bank, dr. jim yong kim, i launched a broad search for a replacement. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world bank as undersecretary of international affairs at the department of the treasury, david brings 40 years of experience in economics, finance, government, and foreign p

retirement. >>> we are waiting for the president to speak in a couple of moments he's expected to name david malpasss pick for world bank president let's bring in militia kchelle caruso-cabrera you've written about what an interesting pick malpass would be when he's much like his interior secretary and others. trump is picking somebody who's found a lot of fault with the staugs, right? >> yeah and a lot of conservatives have issues because the mission of the world bank is to help reduce poverty in the world and they're deeply involved in places like africa and bank la debangladesh they think the best way to reduce property is the reduction in market forces in places like china and 400 million emerged from poverty so maybe the world bank's mission isn't necessarily wo working out as they had hoped and also there's a lot of mission that's gone from reducing poverty to global warming. >> here comes the president to the podium >> thank you very much lot of fun for me doing this one because we're dealing with a very special man a very special person. today, it's my pleasure to announce my choice for the

president trump is set to nominate david malpass today, a man who has criticised the institution, calling it inefficient. and on the markets: it is lunar new year. many are not working and are on holiday. many markets are closed. these two are open and slightly higher. president trump has delivered one of the cornerstones of the us political calendar — the state of the union speech. it is a wide reaching address to the joint houses of congress where the president sets out his policy agenda. he started with the economy. the huge audience is listening to what he has to say. injust over two what he has to say. in just over two years since the election, we have launched an unprecedented economic boom, a boom that has rarely been seen before. there has been nothing like it. we have created by 20 million newjobs. and, importantly, added 600,000 new manufacturing jobs —— 5.3 million. something they said was impossible to do. the fact is, we are just getting started. there was more added to that. let's get more on this with michelle fleury who's in new york. this is a huge audience for him. an im

david malpass is here. treating advanced lung cancer.th chemotherapy really break through barriers that we had not too many years ago. (avo) another tru story with keytruda. in a clinical trial, significantly more patients lived longer and saw their tumors shrink than on chemotherapy alone. (dr. kloecker) it's changed my approach to treating patients. (avo) keytruda may be used with certain chemotherapies as your first treatment if you have advanced nonsquamous, non-small cell lung cancer and you do not have an abnormal "egfr" or "alk" gene. keytruda helps your immune system fight cancer, but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have new or worse cough, chest pain, shortness of breath, diarrhea, severe stomach pain or tenderness, nausea or vomiting, rapid heartbeat, increased hunger or thirst, constipation, dizziness or fainting, changes in urine or eyesight, muscle pain or weakness, joint pa

david malpass is here. "trish regan primetime" begins right now. tonight, my exclusive interview with our secretary of state. he sits down with me as trouble escalates in venezuela. the american government sending aid to venezuela. but oceanist quick oceanist --, dictator refusing aid. you have a nation that's starving where 90% of the people live in poverty. they are living on less than $3 a day. a nation where people are hungry enough to loot food trucks as you see there in this exclusive video. a nation that's so strapped for cash that its hospitals are unsanitary. this is also exclusive video of a hospital in venezuela. this is why people in venezuela are rising up. they want a new start, a new opportunity. yet the vice president of venezuela, delcy rodriguez tells me the maduro regime isn't going anywhere. sources tell me we are working closely with neighboring countries in the region because we heard the people's cries for help. we understand the maduro threat to our region and we want to help. watch my interview with secretary of state mike

trump's announcement of longtime treasury official david malpass as his world bank pick on wednesday was widely expected because america is the largest contributor to the world bank giving it over one billion dollars every year my administration has made it a top priority to ensure that u.s. taxpayers dollars are spent effectively and wisely serve american interests and defend american values david has been a strong advocate for accountability at the world bank for a long time. the decision to choose mouth parts is being interpreted as a sign the trumpet ministration wants to rein in the financial institution. has been a consistent critic of the world bank and he is expected to try and reduce its role . it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not yet clear if other countries will propose alternatives to challenge my pass. japan softbank group has posted record net profits for the first three quarters of the financial year the company's fortunes have been driven by investment in several tech firms c.e.o. masayoshi song told r

trump's announcement of longtime treasury official david malpass as world bank pick on wednesday was widely expected because america is the largest contributor to the world bank giving it over one billion dollars every year my administration has made a top priority to ensure that u.s. taxpayers dollars are spent effectively and wisely serve american interests and defend american values david has been a strong advocate for accountability at the world bank for a long time. the decision to choose mild parts is being interpreted as a sign the trumpet ministration wants to rein in the financial institution. has been a consistent critic of the world bank and he is expected to try and reduce its role it is a longstanding convention for the u.s. president to nominate the head of the world bank it is not correct here if other countries will propose alternatives to challenge mileposts and germany's antitrust watchdog may be cracking down on facebook with a decision on district in the social media giants ability to collect data in the country the decision is expected in just a few hours authori

coming up later in the program, we will speak to david malpass. is is bloomberg. ♪ david: twitter shares falling in the premarket after the company's sales forecast missed. joining us is walter todd, greenwood capital chief investment officer. evan brown of ubs is still with us. what do you make of this? they missed in their forecast in the first quarter. how worried should we be? focused more on the beats in the fourth quarter, recognizing guidance is a bit light for the first quarter. folks are missing the longer-term picture here. therly, some of the efforts company has undertaken to clean up the platform are starting to pay dividends. was 35%in at 44%, that in 2017, so a significant increase in profitability. they still have to spend money. i'm encouraged by what i'm seeing despite the near-term weakness from the guidance in the first quarter. david: the story has been don't worry so much about the growth in users. worry about being able to monetize it. that goes back to the profitability standpoint, the monthly active users, they will start fo

david malpass. and i've known david for a long time. very extraordinary man.'s wife adele, his three children, robert, emily, junior, i want to thank you all for being here. i want to congratulate you all. thank you very much. [applause] we're also pleased to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as well as ambassador bob lighthizer who is right now negotiating with china. how are you doing? where's bob? how are you doing with china, bob? give him some breaking news. it is going well. administrator linda mcmahon and treasurer jovita corenzsa ivanka trump and kellyanne, a lot of great people. dr. jim young kim, i launched broad search for a replacement after interviewing many very qualified candidates. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world bank as undersecretary of international affairs at the department of the treasury, david brings 40 years of experience in economics, finance, government,

the wallstreet journal just said today in a editorial that david malpass is a excellent choice. which is true. america is the largest contributor to the world bank giving it over one billion dollars every year. my administration has made it a top priority to insure that u.s. taxpayer's dollars are spect effectively and wisely, serve american interests and american values. david has been a advocate at the world bank for a long time. he is to insure financing is focused on the places and projects that node it. including people, living and extreme poverty. david was critical of the world bank's women entrepreneur. you know about the world bank's women entrepreneur finance initiatives. will he make it a priority to continue empowering women across the globe. it's very important thing. it's a very important part if it's properly handled, done by the world bank. i'm certain there could be no better candidate to lead the world bank than david. we want to thank david. he has been with me for a long time. he has been a supporter for a long time. supporter in a financial sense, even befor

i want to introduce to the media, say a few words, david malpass. [applause] >> thank you, thank you so very much president trump for your confidence selecting me to lead the world bank, the world's premier development institution. it is an incredible honor. i'd like to also thank my family that's here today, adele and my terrific children. i'd like to acknowledge all my friends and colleagues here, everyone, please, and especially secretary mnuchin, larry kudlow and ivanka trump. working with secretary mnuchin at treasury i'm proud to say under your administration, mr. president, we negotiated a major capital increase and reform package for the world bank. with shareholders and dedicated staff, there is a great opportunity now to implement these constructive reforms that will lead to faster growth, and greater prosperity. i want to also note that a key goal will be to insure that women achieve full participation in developing economies. i know ivanka has been a strong leader on women's empowerment. i look forward to continuing our work together on

"the wall street journal" just said today in an editorial, that david malpass is an excellent choice, which is true. america is the largest contributor to the world bank giving it over $1 billion every year my administration has made it a top priority to ensure that u.s. taxpayers dollars are spent effectively and wisely serve american interests and depe fend american values david has been a strong advocate for accountability at the world bank for a long time he has fought to ensure financing is focused on the places and projects that truly need assistance including people living in extreme poverty. david was also critical of the creation of the world bank's women's entrepreneur and you know about the world bank's women's entrepreneur finance initiatives and he will make it a priority to continue empowering women all across the globe. it's very important thing and a very important part if it's properly handled done by the world bank i am certain that there could be no better candidate to lead the world bank than david and we want to just thank david he's been with me for a long time h

david malpass has critised the intitution and called it inefficient inefficient. —— calling it inefficientcome to the programme, briefing you on all you need to know in global news, business, and sport. get involved in the conversation — tell us what you think about the state of the union address or the other stories we are covering today — just use the hashtag bbcthebriefing. did you tune in, has it completely passed you by? did you tune in, has it completely passed you by? president trump has delivered the annual state of the union address to congress. he said his speech was an agenda for the american people. he also spoke about how the country was in the midst of a economic miracle, which could be put at risk by the continuation of what he called ridiculous partisan investigations. president trump also called on republicans and democrats to work together. this is what the president had to say about continuing to rebuild the economy. our country is vibrant and our economy is arriving like never before. on friday, it was announced that we added another 304,000 jobs last month alone, almos

a new world bank chief -- president trump sets nominate david malpass to lead the world bank. we welcome jason kelly. still with us, blair effron. saying you want to buy back your stock, you have to take care of your employees first. >> this has become a big issue. what are companies going to do with this extra cash? they are buying back stock in a meaningful way. this has been the talk of so many c-suite's over the last year or so. many companies have bought back shares. blair: it's interesting. it has clearly been on everybody's mind. generally 32% of cash flow. the whole discussion goes back to the discussion we were having the last presidential election. how do you promote long-term growth and make investments benefits fivee years and beyond? what the argument misses is most companies are pretty good at applying capital to where they see opportunity. if they have a high producing opportunity, they would love to do it and will do it over a buyback. buyback let's do the and see what we have left over to invest. let's invest everything we can that we consider highly productiv

also this hour, president trump has — as expected — nominated loyalist david malpass, an outspoken critic malpass is a senior us treasury department official and served as an economic adviser during donald trump's election campaign. he's promised pro—growth reforms. the appointment will have to be approved by the world bank's executive board. a body has been recovered from the wreckage of the plane which crashed into the english channel with the cardiff city footballer emiliano sala and the pilot david ibbotson on board. the air accidents investigation branch said the operation was carried out in as dignified a way as possible and the remains would be passed into the care of a coroner. the bodies of about 20,000 dead guillemots have been recovered from the beaches of north holland in recent days. experts are investigating whether the deaths could be connected to almost 300 containers that fell off a ship during a january storm. scientists are planning a mass autopsy to shed more light on the mystery. the leader of the taliban's peace negotiations with the us has told the bbc his group isn

former chief economist at bear stearns, early trump supporter and now david malpass may add world bankole of these big multinational institutions come and has characterised the world bank as big and inefficient. he's also been very critical of the bank lending money to china, which he says it doesn't need. and especially troubling, given the harsh lending practices china uses for other countries. we engaged repeatedly with china on our trade and investment concerns, and the problems caused by their 0ne belt 0ne road initiative which often leads countries with excessive debt and poor quality projects. despite his criticisms, through his role at the treasury department, malpass significantly increased america's contribution to the world bank to $13 billion, albeit with conditions attached. so will countries coalesce around the american pick or will they try and put forward their own candidate? the latter option seems unlikely, but we will be sure next week when nominations for a new president close. samir hussein, bbc news, new york. what other business stories has the media been taking

. >> i'm going to give a hit, paul, and hopefully not a future miss to david malpass who donald trumpass is superbly qualified to lead and even reform the world bank that tries to help developing countries, but the bureaucracy has shown itself capable of driving out reformers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next stuck in -- [inaudible] have a good weekend. ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend to you. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up in just a few moments, two fantastic guests this weekend for you. technology investor, former mark zuckerberg mentor, roger mcthatmy is with me, and the dallas federal reserve president and ceo robert kaplan giving us a sense of where we are in the economic mo

. >> i'm going to give a hit, paul, and hopefully not a future miss to david malpass who donald trump nominated to be president of the world bank. now, mr. malpass is superbly qualified to lead and even reform the world bank that tries to help developing countries, but the bureaucracy has shown itself capable of driving out reformers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next week. thanks for watching. ♪ ♪ >> the commonwealth of virginia in the midst of a political crisis. governor ralph northam speaking out in his first interview today since a racist photo surfaced last week, telling "the washington post" he wants to focus the remainder of his term on, quote, racial equity. meantime, lieutenant governor justin fairfax under immense scrutiny after a second woman came toward -- forward to accuse him of sexual assault. hello, everyone, i'm arthel neville. er

. >> i'm going to give a hit, paul, and hopefully not a future miss to david malpass who donald trumpified to lead and even reform the world bank that tries to help developing countries, but the bureaucracy has shown itself capable of driving out reformers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next week >> a tv hitmaker loves animals. >> he turned that creativity on animal rights, and it was unbelievable. >> one dog he rescues is off-the-charts dangerous. >> if it's a scale from 1 to 10, columbo's a 12. >> when the hollywood owner dies, columbo becomes their strange -- and expensive -- inheritance. >> acupuncture for a dog? i know we're in los angeles, but really? [ dog growls ] >> is it all worth it? >> your kids could get hurt. you're willing to take the risk. >> we made a commitment to healing dogs and showing other families how to do it. >> welcome to

. >> i'm going to give a hit, paul, and hopefully not a future miss to david malpass who donald trumpqualified to lead and even reform the world bank that tries to help developing countries, but the bureaucracy has shown itself capable of driving out reformers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next ♪ ♪ lou: good evening, everyone. president trump's state of the union address last night gave the nation an emphatic hallelujah moment it was a speech and a moment worth waiting for. the spectacle of the joint session of congress, the trappings of tradition, history and, yes, power. the power of the presidency on display as mr. trump stood before the members of the other branches of government, the high court, the house, the senators, the president delivering his speech in perfect pitch; earnest, plain-spoken, his manner as always direct and authentically tr

world bank critic david malpass has been nominated by u.s. president donald trump to lead that very institution the decision is likely to spark concern among fellow members of the international lender which is controlled by the world's wealthiest nations one of its biggest borrowers is china which is embroiled in a trade dispute with the trump administration the u.s. is the biggest shareholder in the world bank and has always picked its president. worse than expected performance by germany's manufacturing sector has added to worries about growth in europe's biggest economy the latest figures show factory orders were down one point six percent december compared to the month before economists had been expecting an increase of point three percent growth has been hit by car makers struggles with tougher emissions to us as well as falling demand from outside the euro zone. saying in europe a french farmer has launched his last ditch effort to hold months on to responsible for an illness that he says was called caused by a weak killer made by the f

don't miss bloomberg's interview with david malpass at 1:30 london time.tors seem to be tossing aside concerns over italy's relapse into recession. the sale has allowed it to raise 8 billion euros, but the imf fall italy could still short on much have needed reforms, saying economic growth will remain below 1% through 2023. global news, 24 hours a day, on air and at tictoc on twitter powered by more than 2700 journalists and analysts in over 120 countries. thank you so hows, much. breaking news from the reserve bank of india, a big surprise. cutting policy rates to 6.25% from 6.5%. we were asking ourselves if we would get a dovish tilt, and we are actually seeing a cut in the policy rate, the red headline on the bloomberg. unexpected, that cut to the policy rate. just trying to go through the other headlines here. the monetary policy panel was unanimous on the policy stance. the rupee coming under pressure, down 0.2% in reaction to that. sensex meanwhile extending gains after the r.b.i. cuts the benchmark rate. a drop in the rupee, a gain in the equity mar

let's start with us president donald trump senior treasury department official david malpass on youris he as new bet to leave the world bank. mr malpass has criticised the bank's starting concerns he will reduce the role if he is appointed. mr malpass was a senior economic fire to donald trump in the 2016 presidential campaign, so in the 2016 presidential campaign, so and early donald trump supporter, but the nomination of has caused worry that he will try to diminish the role of the world bank. that is because he has said in the past that international financial institutions are corrupt, inefficient, spend too much money and are generally rather useless and that might make him an odd choice to run one of the biggest financial institutions in the world. but the white house on wednesday really moved to counter that perception, saying that mr malpass is committed to modernising the bank and making sure there is more accountability by borrowers. the executive board of the world bank makes the final decision on who will become president, but traditionally the united states has a lot of i

economist at bear stea rns, former chief economist at bear stearns, trump supporter, and is now david malpass bank president to the list. he has previously challenged the role of these institutions and has characterised the world bank is big and inefficient. he has also been very critical of the bank lending money to china which he says it doesn't need, and especially troubling, given the harsh lending practices china uses with other countries. we engaged repeatedly with china on our trade and investment concerns and the problems caused by their one belt, one road initiative, which often leads countries with excessive debt and poor quality projects. despite his criticisms, through his role at the treasury department, malpass significantly increased america's contribution to the world bank to $13 billion, albeit with conditions attached. the world bank is committed to meaningful reforms to focus lending on countries in need and agreed to other reforms that would enhance accountability. so will countries coalesce around the american tech, or will they try to put forward their own candidate? ——

president trump is expected to nominate david malpass to lead the organization.yed a key role in the trump administration's effort to scale back u.s. foreign aid and that has some u.s. allies concerned. the whole focus of the world bank is to provide financial and technical assistance to developing countries around the world. we have cnn global economic analyst and global business columnist and associate editor for the financial times, rona with us. you do not believe that malpass is the best kaept for the job. tell us why. >> reporter: i think that when you have somebody that is really not for multi-lateralism. is perceived to be someone that wants america to pull back, wants the world to be more collection of nations rather than one global community, i think that's a tough sell in an institution like this which is about nothing if not multi-lateralism. there are also questions, frankly about, you know, his economic jobs. yes, this is someone who's had a long career on wall street and now in government, but, you know, malpass missing the housing crisis. there ar

the wallstreet journal just said today in a editorial that david malpass is a excellent choice.ca is the largest contributor to the world bank giving it over one billion dollars every year. my administration has made it a top priority to insure that u.s. taxpayer's dollars are spect effectively and wisely, serve american interests and american values. david has been a advocate at the world bank for a long time. he is to insure financing is focused on the places and projects that node it. including people, living and extreme poverty. david was critical of the world

david malpass thinks international financial institutions are corrupt, inefficient, spend too much money hour, mr malpass has been confirmed as donald trump's choice to run the world bank. custom has it that the europe chooses the imf head but the us picks the world bank chief. so why is mr malpass a controversial pick? he was the chief economist at the investment bank bear stearns until it collapsed in 2008 at the start of the global financial crisis — which he failed to foresee. some have also noted that he has fewer qualifications than the other contenders. let's speak to our business reporter samira hussain who's in new york. does it matter who is the head of the world bank? that depends on whether you think the world bank really matters. if you are someone who believes that it still does, who leads that institution is really quite important. of course his nomination by the trump administration is raising a bit of debate about what the future holds for the world bank, given some of these scathing remarks he has made in the past. about these big multinational institutions like the wor

so who is david malpass, what do we know about him?nt and have served with reagan and george h w but andy is the chief economist up until the bank needed a rescue in 2008 and he wrote this op—ed in the wall street journal in which he decided that the housing market or debt markets would have a big impact on the us economy which was in 2007 cell history has not looked kindly on that but the number one reason that he is really interesting as a peck as he is very donald trump, he has been a critic of the world bank. and he loves to play people into the positions that they have criticised. so that is why his appointment has raised a few eyebrows. not just his appointment has raised a few eyebrows. notjust in the united states but from people who might need to approve his nomination as head of the world bank. we spoke about what 2019 might bring and you said it could be a time for a reckoning, how do you think he will fit into that? one of his main criticisms of the world bank has to do with what the world bank has seen as its mission for t

david malpass is that the aneasury department and wa economic advisor to president trump during his electionn. the appointment wi a be subject eport by the world bank costs executive -- the world bank's executive board. its leader has traditionally been chosen by the u.s., the largest shareholder. we are getting dramatic pictures from san francisco w guess line fire has set on a building undergoing construction . no injuries have been reported. the leader of the taliban f delegati peace talks with the u.s. tells the bbc that the group has no plans to take lintrol of afghanistan by force. but he says the n won't agree to a cease-fire until all foreign forces leave. taliban leaders are inw holding talks with other afghan powerbrokers. reporter: more than four years after british combat troops left afghanistan, levels of violence in the country continue to rise. ofre has been waged on wave taliban attacks. tens of thousands of government troops killed, along with countless cilians. after 17 years of war following the 9/11ba attacks, the talin control or contest nearly half of the country. with

donald trump has nominated an outspoken critic of the world bank to be its new lea david malpass is thatasury department and was an economic advisor to president trump during his election campaign. e pointment will be subject to a report by the world bank costs executive -- the world bank's executive board. its leader has traditionally been c largest shareholder. we are getting dramatic pictures from san francisco where i guess line fire has set on a trbuilding undergoing cotion . no injuries have been reported. the leadeof the taliban delegation for peace talks with the u.s. tells the bbc that the group has no plans to take control of afghanistan bforce. but he says the taliban won't agree to aease-fire until all foreign forces leave. taliban leaders are in moscow holding talks with other afghan powerbrokers. reporter: more than four years after british combat troops left elafghanistan, lof violence in the country continue to rise. ofhere has been wagedve taliban attacks. tens of thousands of government troops illed, along with countless civilians. after 17 years of war following the 9/

world bank critic david malpass has been nominated by u.s.resident donald trump to lead that very institution. the decision is likely to spark concern among fellow members of the international lender, which is controlled by the world's wealthiest nations.. one of its biggest borrowers is china, which is embroiled in a trade dispute with the trump administration. ththe u.s. is the e biggest shareholder in the world banank and it has always picked the president. staying in washington, president donald trump last night delivered his second state of the union address in front of a packed, divided congress. the president made a plea for unity while also berating his opponents and pushing his controversial policies on emotive subjects like immigration. it was a vintage trump performance, and in that sense it went down best with his republican base. take a look. reporter: it was an event watched by millions of americans. president donald trump's state of the union address. here in dedenver, coloradodo, trtraditionalllly a swing state, trump's speech

president trump nominates arch world bank critic, david malpass, as the lender's next boss.stors are waiting on developments in the trade war, after president trump offered little new to chew on in his state of the union speech.

this is david malpass, friendly undersecretary for international affairs at the us treasury and he wast was at the centre of the financial crisis and his critics have pointed out that before things we nt have pointed out that before things went badly wrong in the financial crisis he was being really quite relaxed about the outlook for the credit markets and the housing market which is exactly where the crisis was set up but he has been nominated for thisjob by president trump. a couple of issues to unpick. one is him personally and yes his desire to see much less by way of world bank support specifically for china but also more of a focus on a reduced role overall but more of a focus on some of the more disadvantaged countries but this perpetual issue about the world bank presidency which is that it has always been an american. after the second world war there was this kind of informal stitch up, essentially, that the american would get the bank and europe would nominate the person to run the international monetary fund. that deal has always been honoured so far. but there are an awful

controversial nominated phillip by compose this time as head of the world bank that's right he selected david malpass. to replace former president jimmy on can doesn't currently serves as the treasury department's top diplomat he's a long time trump supporter who has vocally criticized the world bank in the past. thing the development organization should curb its lending to china and rain in its financial reach. he was more conciliatory as he was nominated though vowing to work with the administration on issues including a women's empowerment take a listen. the world bank the world's premier i know it baca has been a strong leader on women's economic empowermen. and i look forward to continuing our work together on her women's global development and prosperity initiative. mister president. i'm very optimistic that we can achieve breakthroughs. to create growth abroad that will help us combat extreme poverty and increase economic opportunities in the developing world. referencnce to the presidens daughter there if i could trump whose name had once been floated by washington insiders as being a possibl

president trump has — as expected — nominated loyalist david malpass, an outspoken critic of the worldthe senior us treasury department official served as an economic adviser during donald trump's election campaign. he has promised pro—growth reforms. the appointment does have to be approved by the world bank's executive board. former brazilian president, luiz inacio lula da silva, has been sentenced to a further 12 years in jail on corruption charges. he's 73, he is already serving 12 years in a separate corruption case. he denies all the charges, he says they are politcally motivated. the leader of the taliban's peace negotiations with the us has told the bbc his group isn't interested in taking the country by force, but he did warn that they wouldn't agree to a ceasefire until all foreign forces were withdrawn from afghanistan. this after a second day of talks in moscow between the taliban and opposition afghan officials. from washington, we can now speak to laurel miller, who is a seniorforeign policy expert at the rand corporation. untiljune 2017, she was the acting special repres

president trump will nominate malpass tocial david have the world bank.he world bank to pick and to an efficient. bloomberg has learned the announcement will be made this week. 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. this is bloomberg. tom: thanks so much. market. want to get the we have a lot going on in international . relations remarkable to see the january move continuing into february. curve steepening going on, euro stable. in with a bull market of 15.65. there is the elevation now. it is the day after the day after the super bowl. 7% or so from a record high. weaker sterling is what we see. weaker sterling as the prime minister travels. nejra: we are seeking most of the g10 weakening against the dollar. the euro bounces off the lows from earlier. we got the eurozone confident and services coming in better than expected. i put the aussie and because it jobs initially on retail sales up in reversed the drop when an rba not as dovish as the fed. tom: t

super: inspire kids to do at 4-h.org lou: headlines president trump today them nights david malpass treasuryicial to be next president of world bank. the pentagon now movin move mov0 troops from arizona to eagle pass, texas. where 200 how i thousand central americans are gathering. joining us now, debbie lesko. a member of house freedom caulk you, congresswoman great to have you with us. let's start with the deployment of troops to eagle pass, is the president doing enough? is congress doing enough to support the president in building a wall. >> i support the president. we need border security which is national security. coming from arizona, i know this first hand, i have gone to the border a number of times. when nancy pelosi and chuck schumer say this is the manufactured crisis, they are wrong. this is a real crisis, a humanitarian crisis. this is a sickle security crisis up to congress to fix it. lou: how do you do that? you are in the minority? i have watched congressional majority ruled by augusta leader speaker paul ryan who was nothing more than a subversive acting against the preside

on was a, president trump dominated -- nominated david malpass. he currently serves as treasury secretary for international affairs. you must be approved by the world bank's