davos is invitation-only.rships cost from $30,000 to $500,000; and then it's 18 grand each for the coveted white badges that grant entry and are worn like jewelry. you know, i've noticed that there's something that i like to call the davos glance. when you meet someone, they do not look you in the eye. they look you in the chest. >> well, no. they look you in the eye first, then they look down at your chest. the other thing they do is look over your shoulder for the next one. >> to see who else is coming into the room? >> exactly. [ticking] >> it isn't all business at davos. what is the coolest that has happened to you in all your trips to davos? >> probably the audi challenge. >> when 60 minutes on cnbc continues. [ticking] ♪ [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ever before, america's electricity is generated by it. exxonmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives

davos 2014.january 2 on bloomberg television. >> welcome back to "money moves" on a bloomberg television and streaming all day long on your tablet and phone and bloomberg.com. one bit of real estate news to share. billionaire tech investor paul allen finally sold his 300-acre private island. this is according to a listing on redfin. the island was originally listed in 2005 4 $25 million and it fell to their team $.5 million in 2011. $13.5 million in 2011. only a privatee plane or by private boat. from a big name in tech investing to a big name in fast advertisingld's is may be that you should skip some of the many items they have. alec still has a little more on taking down an employee resource website. a bit of a pr snafu. >> to be fair, mcdonald's does not actually have control over the content. they outsourced it to a vendor. some of the machinations is what caught internet and media eyes, because it seems pretty tacky, if i might say, recommending how much to tip for christmas, the commanding

third overall and is targeting a medal at the upcoming olympics the sochi goes on there but the story davos is like a second home for like some little girl the thirty year old spends more time here than in his russian home last year he failed to claim a podium finish in switzerland finishing ninth at the third stage of the world cup last saturday but he remains focused on the sochi olympics targeting success in front of his home crowd just like every sportsman i dream of winning an olympic medal right now however it's important not to get ill and just concentrate on your goal your dream and if you do that everything will work out ok but i do think about it every single day what will be will be that's why i just hope everything works out for me as i planned it. has been in this game business for twenty years but edge of global success last season he finished second in the world world cup standings and claimed the central european tour. diskeeper defeating olympic champions in the article on yet and there are more talks and now the russian feels the time has come to achieve his ultimate they

ninety seven and in charge of economics and for an economist and and he said that mandela went to the davos meeting i guess it was and one of the meetings and the i.m.f. world bank meetings and came back and said you know let's try this stuff let's let's do this you know kind of open markets free trade stuff and he said basically the chicago boys walked in and said here's how to make your country prosperous and the mandela administration and this fellow was you know part of that had just kind of bought a lot of that hook line and sinker and the result is that right now poverty is worse than it was when mandela came in and and he said you know this guy was not to blame ben nella for this use of this guy was a politician it was an economist but he said the the these right wing economists have got their teeth into south africa in a way that is tearing the country apart and he said he said i see the same thing in what i read in the international newspapers of what's happening in the united states lawyer and isn't that the robot that you know that people on the left particularly you know you cou

ninety seven and in charge of economics and for an economist and and he said that mandela went to the davos meeting i guess it was and one of the meetings and the i.m.f. world bank meetings and came back and said you know let's try this stuff let's let's do this you know kind of open markets free trade stuff and he said basically the chicago boys walked in and said here's how to make your country prosperous and the mandela administration and this fellow was you know part of that had just kind of bought a lot of that hook line and sinker and the result is that right now poverty is worse than it was when mandela came in and and and he said you know this guy was not to blame ben nella for this use of this guy was a politician it was an economist but he said the the these right wing economists have got their teeth into south africa in a way that is tearing the country apart and he said he said i see the same thing in what i read in the international newspapers of what's happening in the united states lawyer and isn't that the robot that you know that people on the left particularly you know you

the semifinals of the annual sixteen spangler cup in switzerland the first period ended goalless in davos but the second saw the czech side snatch two goals within a minute the first richard daley before getting near such a net grab the second however says guy rallied with ten minutes to go in that second period ruslan zone and pulled one back and for thirty three seconds left on the clock beyond the men search the equaliser the fly for four can with a long line shots or make it to two and says got completed that come back in overtime jack over middle of pride in the winter set of the last four encounter with host h.c. dallas. well let's stay with ice hockey and a success story for the czech republic as relative newcomers left prague are cruising to their second playoff spot in two years in the k h l comes under but has more. two years ago ice hockey quad believe progs work seat is and contras moving from this the base of corporate to the czech capital and then made the occasional debbie in twenty its wealth as it was a lockout season in the n.h.l. many homegrown stories a return to help

good for ski lovers. >> you talk about oh, it's beautiful in davos. two words, in colorado, ritz carlton. what's the difference? it's beautiful. it's beautiful outside. >> you are so spoiled. >> all right. i'm spoiled because i want a bed that i can't roll out of in the middle of the night. >> you'll be so tired you won't move. >> on to the carpetless floor. >> i don't think there was carpeting on the floor. >> come on! >> i'm just going to enjoy torturing you for the next month and a half. >> like a wood tile floor? >> and there's no running water, either. >> i believe that because there's no shower curtain. >> i'm going to harass you endlessly. you're so easy. >> i know. okay. >> right now, it's time for the executive edge. it is a daily segment focused on giving business leaders a leg up. yum brands is still trying to win back diners in china. its websitee trumpets the sloga trust in every bite. reuters is reporting that interviews with chinese consumers suggest rather than soothing consumers, they're being reminded about the issue in the first pla

he went to davos, that talk-a-thon annual economic talk-a-thon in europe and there before he was president, people said to him you can't do that. he was very mindful of what happened in nearby mozambique when they had their liberation movement. and they got rid of all the brain power and skills. he said, no, we can't do that. >> we're going to take a short break. our coverage continues for the next several hours. again, this is probably not going to start on schedule. the stadium is not yet full. the world leaders are still arriving here. we'll take a short break. our coverage continues on cnn in just a moment. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. >>> welcome back to our continuing coverage of the memorial service for nels

are you going to come to davos again this year, jim?: you guys have been hitting the coffee pretty hard this morning. it's good to see that. i don't know if davos is in the plans because i've got olympics with nbc sports and we've got some outdoor hockey i'm going to do. we'll see. but i've got a question for you guys. how much of a hit -- if any, is american going to take? 5,000 flights, guys? 5,000 flights canceled in and out of dallas-ft. worth since last thursday. is that a big hit? or is it? >> i would say they would call it material, but something that is the cost of doing business because they're used to this. i was thinking about how proud i am of the whole industrial right now, believe it or not. because they finally are viable. how much, jim, how much do we need a viable airline industry? it's the one thing we all do and we all need to be able to take for granted. we can get -- that's what we do with our leisure time. and we've got three big ones that will not undercut each other. they p keep going in and out of bankruptcy and

you see the ceo palling around with tom freidman at davos.ere's a certain whiff of celebrity. >> you're very skeptical. i can see this, obviously. >> i'm skeptical. i'm hopeful, but i'm skeptical, 'cause people have tried fuel cells for-- since the 1830s. and they're great ideas, right? you know, just producing energy at an instant. but they're not easy. they're like the divas of industrial equipment. you have to put platinum inside there. you've got to put zirconium. the little plates inside have to work not just for an hour or a day, but they have to work for 30 years non-stop, and then the box has to be cheap to make. >> one thing stoking his skepticism: bloom energy's k.r. sridhar has been hyper secretive-- no signs on his building, a cryptic website, and no public progress reports. given the stealthiness, we were surprised when k.r. showed us for the very first time how he makes the secret sauce of his fuel cell on the cheap. actually, i feel like i'm on a cooking show. you're martha stewart. >> absolutely. so let's take that cooking ana

the second one is a organization called the world economic forum which meets in davos, switzerland, which also puts out an annual survey. both of these august organizations put together these studies, and they track corruption in developing countries around the world. and since 2009 both of these organizations have found that while in 2009 the united states was in the middle of the pack as far as advanced industrialized countries were concerned in dealing with cronyism corruption, we are as of in this year dead last among developing countries. that is the fate and the state to which our country has moved. and if you've been to washington, d.c. recently as compared to even ten years ago, you come to the realization that this is a very different city than it once was. of certainly, a different city than the one i experienced as an undergraduate in the 1980s. it has now got the highest per capita income in the united states. they passed silicon l valley. and, in fact, they have the trappings of luxury. there's actually a ferrari dealer in washington d.c. [laughter] you can go on the web site

that, erikere, done schatzker did that at dollars two years ago -- at davos two years ago. >> speakinge dimon, life is a competitive sport for the jpmorgan ceo. this is a great photo of the families annual holiday card. they took part in what can be described as an epic tennis match. jamie dimon is in the blue shirt showing off an impressive backend. he is a big tennis player. >> indoors? matt brown junior is with us. his conference calls are like a free-for-all. would you like to see more of world init of the vc the ceo world? >> of course. >> he gets it knowing. >> i want to see mike brown's holiday card. >> we don't have one. it's a virtual card. >> i went with the grinch and the reindeer at the top of the mountain. >> that is perfect. my kids picked that out. >> of course they did. you is 45, the number of startups that have landed $1 million this year. is this a bubble? ♪ >> meg whitman as it is getting as big a raise. took one dollar for her first two years on the job but now she is making $1 million per year. hp and google are recalling chrome book chargers because of melting co

just purchased by bain, which is what we're going to wear in davos.gray color. >> yes. >> you going to leave the fur on the -- >> i did last time and got in trouble for that. >> it wasn't real fur. >> no, it was fake fur. >> what did you get in trouble for? >> for having the fur on the coat. >>> empire state and a revision to productivity hitting the wires, rick santelli standing by at the cme in chicago. the numbers? >> it's one of the early signs. so .98, close to one, it's not as good as the five, six that was expected. but if you think durable goods volatile, this is definitely volatile. right now, unit labor output down 1.4% if we look at the actual productivity, that was 3%. so the costs are down 1.4%, pretty close to expectations in the productivity at 3% is exactly what we were expecting. so no big surprises there. and there's a lot of data this week, especially if you're interested in housing. lots of housing numbers. here we are at 2.85, no great shakes there, but it's a great shake we haven't shaken the tree to lower rates. hanging very tou

. >> exports in davos over there to send the message.ore broadly about ireland now, a lot of the people i've met here have been asking me what the international perception is of ireland. does it exit of the bailout program change anything, do you think? >> once 2011 came after about march, the tide began to move in the right direction. intel, google, and amgen announced major investment here. so that gave a lot of confidence. since then, we've been building and even this year now we've seen a resurgence of the big european coffers, people like sap and do you have ya bank, n sanofi, the big giants investing in ireland. >> one of the key questions was about investment rating. i know you're raising cash at better levels than you were when you have a aaa rating. but is this going to make a difference for investment here in ireland? >> well, i think again, the foreign direct investment that we attract into ireland is the mobile investment people with projects say they want to implement somewhere around the world. they don't look at the raisin

tony blair and rick warren held an event at douglas not long ago, a couple of years go -- an davos not long ago, a couple of years ago. these are necessities. >> i would like to go ahead and open it up to some questions. here's what i would like to ask you to do. we have one microphone here. i need you to use the microphone so that your voice can be heard. and you have to give it back. so we will just kind of tacit as the crows fly -- kind of pass it as the crows fly. we will start here in front. in my history of this understanding of the relationship between faith-based and government is a long one. i remember catholic charities and catholic receive -- catholic charities having received and cooperated with the government from back in the 1920s. i'm not that old. this is being put into the common understanding we're been doing so well together. here, locally, those large religious-based service operators receive the united way dollars, and a big, generous spirit. i thought the president -- t was set -- preceden up by the 1920's. >> before that. clark's catholic charities was 40% of the

tony blair and rick warren held an event at douglas not long ago, a couple of years go -- an event at davosg ago, a couple of years ago. these are necessities. >> i would like to go ahead and open it up to some questions. here's what i would like to ask you to do. we have one microphone here. i need you to use the microphone so that your voice can be heard. and you have to give it back. so we will just kind of tacit as the crows fly -- kind of pass it s the crows fly. we will start here in front. >> in my history of this understanding of the relationship between faith-based groups and government is a long one. remember catholic charities and catholic receive -- catholic relief charities having received and cooperated with the government from back in the 1920s. i'm not that old. that was a precedent. so when this office was established, i thought wonderful. this is being put into the common understanding we're been doing so well together. here, locally, those large religious-based service operators receive the united way fund, community dollars, and a big, generous spirit. i thought the prec

tony blair and rick warren held an event at douglas not long ago, a couple of years go -- an event at davos not long ago, a couple of years ago. these are necessities. >> i would like to go ahead and open it up to some questions. here's what i would like to ask you to do. we have one microphone here. i need you to use the microphone so that your voice can be heard. and you have to give it back. so we will just kind of tacit as the crows fly -- kind of pass it as the crows fly. we will start here in front. >> in my history of this understanding of the relationship between faith-based groups and government is a long one. i remember catholic charities and catholic receive -- catholic relief charities having received and cooperated with the government from back in the 1920s. i'm not that old. that was a precedent. so when this office was established, i thought wonderful. >> before that. >> catholic charities was 40% of the income. >> 70%. >> thank you for the correction. i cofounded a nonprofit about 30 years ago in dallas, homeward bound. having understood, it is not faith based. we have faith

. >> but he's going to davos in about three weeks. >> that's right. how can i forget? >> i won't -- i'll write off a dollar tip if i have time. i don't care what it costs in switzerland right now, unless i'm going to bring some chocolate home on my own dime. >> hey, let the good times roll. >> no, i wouldn't do that. kidding. i'm very frugal with the company money, very. >>> let's look at gold, the markets today, up 2.80. above and below that $1,200 mark. a lot of people calling for a bottom now. the same people that said it's going to 2,000 are now saying a thousand is possible. i don't know. >> is this the first time in 13 years that gold has put some negative here? >> it really has and it was an ugly one. there was -- you know, it was a slam dunk, people thought to go above 2,000. it has been happening. take a wrong turn at albuquerq e albuquerque. >> hannah bar bare ra. >> i think of albuquerque, then it goes -- >> walter white. >> there's a marathon coming up. >> i might have to participate in that. how do you see the fifth season? netflix? >> no, you'll have to p

the dollar which by davos, this better be lower even though it's -- obviously franks are different than euros. that's .368424. >> are you ready to predict next year the year is the euro will stop. >> if germany didn't keep currencies low they wouldn't be able to sell to all of the countries that they're giving credit to. i don't know how it works over there but it's all legal apparently. now this guy is out, this russian buddy of yours. >> khordofsky? >> yes. >> is he talking? >> i used to run into him at a restaurant on the way outside of moscow. used to be hanging out there by himself. walk up to him, talk to him and say hello. >> you talked to him in russian? >> i did. he was a really nice guy. at one point westerners were arguing to me that he hadless oil company -- the best oil company in the world with the best audited accounts that was better than exxon, better than bp. >> he became a threat to putin. >> because of the profit motive, he created a westernize the oil company and they took it in one of the biggest charades of a government. >> and how much of putin's $100 billion net

. >> yes, we've had him on from davos and other places. >> he won't reveal where he lives because he threats from russians. >> wow. >>> coming up next -- some holiday news. if you're thinking of selling your house, you might want to check out our interview with ceo of re/max. >>> and make sure you join us on monday, "squawk" reserve is going to be in session. jeff lacker will be our very special guest host. "squawk box" returns after this. ya know, with new fedex one rate you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> beautiful shot of our nationnatio nation's capitol. >>> some of the top chief financial officers from public and private companies offering up 2014 predictions. and they're off to a good start. many accurately predict the fed's

the company is paying for davos, right? i don't have to worry about -- and it's not euros. is it franc? >> it's swiss franc. >> they're about to do the swiss banks have to decide which way they're going. we're going to talk about that in the executive edge. and 1.36, geez, almost 1.37. finally, gold, i guess it recovered a little yesterday. i thought it was down more than that. time for the global markets report. karen tso is standing by to bring us that in london. karen. >> joe, good morning. thank you. we have some selective gains across european markets today. somewhat of a recovery trade after a sell-off yesterday. but the number one theme is all about fed tapering. so huge focus here, too, on the nonfarm payrolls report in a few hours time. and we are seeing some just rift off the highs of the session. you can see we were firmer early on, but we're still ahead by 0.3%. tracking higher in the uk and firmer, too, in some of the other markets. the ibex has been the exception. we're down 0.6% on the spanish stock market. it is the underperformer here in europe. there's bee

but that's not looking good for -- davos is in europe, isn't it? >> yes. >> i can't remember. >> oh, my gosh. we're going to be really just taking that place by storm, aren't we? yeah. >> i'm going to be the ugly american over there. god all mighty. >> you're kidding. you? >> yeah. hard as it might be to believe, i may want look quite as -- as your average person. >> it is the swiss franc still. >> do i need to wear the suspenders and -- >> that would be perfect. you are chevy chase. >> i don't know if i could fit into ross's clothes, but -- >> leaderhosen? >> ricola. you don't have that advertisement over there. ross westgate is standing by in london. it's not really a fantasy that i have of you dressed like that, but i'm seeing a picture of you dressed in those clothes, ross. do you know what i'm talking about? what are those? >> lederhosen. becky has got it. >> can you borrow them? >> you're worrying me a little bit, joe. >> don't worry. don't worry. it's all clean, good clean fun. not that there's anything wrong with it, anyway. anyway, why is