that is one of the issues that was front and center at the world economic conference at davos switzerland. >> probably why i enjoy it more than any i've ever been to, this fourth industrial revolution is really digital air. 1990s when the u.s. launched the are aviation age. president obama was amazing he created 18% growth in real gdp and he raised the average income of every american by 17ers. this digital era will do the same thing except five to ten times the impact. the implications are 1 to 3% gdp growth, 19% economic benefit but it will result in disruption however. you have got to think of it in terms of invocation, start july countries, rescaling your workforce, inclusive of the entire country every children, you've got to think about health care and education and we'll go the connect a thousand devices when cisco was first formed to 14 billion to get the right innovation to the right person and the right machine, and health care and entertainment, but it will require all of this changing very disruptive. i think it can create a much larger middle class in the middle east, startup

it's all the talk at davos because that's the theme this year.ne has to understand what we discuss here is the past the computer age into this age that we've talked about for a few times. everything is digitized and connected and the implications that has. one of the difficulties that i feel is that we honor innovation and technology. we honor it in the markets and honor what happens. we sort of ignore the dislocation and the disruption, the jobs that will be lost. we're very excited about autonomous cars and driverless cars and what do you do with the drivers that make a living off of this. how should we address this? >> when the first internet revolution came through, the u.s. led it and president clinton introduced it to all. that's in terms of the impact it could have. many were concerned about the disruptions of jobs, that it would create a have and have not society in the u.s. that there wouldn't be new job creation or gdp wouldn't grow, and the reverse was true. 22.5 million jobs, 18% growth in gdp, 17% growth in real per capita income for

. >> reporter: i can't wait to see what happens with davos. just heart break around him. a lot of people feel sad for him. let's see what happens with 6. >> reporter: poor john snow, rest in peace. what do you think -- how do you think davos perceived john snow? >> he saw him as a righteous man. the one thing that he is, he's kind of a good judge of character. john snow was a beautiful, sensitive, good-looking man. it's a real shame the dude is gone. >> reporter: it's a real shame he's gone. season 5 is now available on blu-ray and dvd, just in time to get all caught up for the season 6 premier on april 24th on hbo. i'm simone boyce for fox 5 news. steve: i've been trying to get into that. everybody loves it. i know it's good. dari: give it a chance. steve: i tweet and watch it. dari: he can tweet he'll like it. therein lies the purpose of life. steve: a new option for commuters who are sick of let's had been honest, who's not? dari: when a city wide ferry service is expected to hit our waterways to make life easier. >> when i was younger, doctors told me i'd never be abl

cherished tradition -- a swiss carpenter rebuilds the original davos sleds. science and technology are changing the way we interact with one another. and soon, it's predicted that we'll all have our own robots. at least that's the hope of one french company which is developing a socially capable robot to help with important jobs around the house. so, let'

and davo nte said nothing.hat's up with you some and he said i'm going to shoot you and he shot him just like that, no reason. >> police are looking for the tapes from the platform hoping it will let them to davonte washington's killer. if you know anything about the case, please give police a call. >>> the fbi is investigating a computer virus at medstar, one of the washington region's largest health care providers. all clinical facilities remain open, and there is no evidence that patient information has been stolen. the law enforcement official said that the fbi is trying to identify whether the virus is a so-called ransomwear in exchange for returning the computer system to normal. >>> coming up, an ohio family's visit to the capitol becomes a trip they will never forget for all the wrong to thrive in an ever-changing environment, companies must adapt. but one thing should remain constant - a financial relationship with someone that understands and cares about your business. pnc corporate and institutional

cherished tradition -- a swiss carpenter rebuilds the original davos sleds. science and technology are changing the way we interact with one another. and soon, it's predicted that we'll all have our own robots. at least that's the hope of one french company which is developing a socially capable robot to help with important jobs around the house. so,'

flash, argentina has become pro-american.dent biden were all smiles at the world economic forum in davos, switzerland in january, whereties with the west and foreign investment. he brought one of the men he defeated in the election with e president. something. the new president brought alongon with him. that's what we got to do at home. >> macri: i really believe in 21st century.e have to be open, and not putting any more ideological differences in front of the best solutions.gmatist. trained as an engineer, macri started off an outsider in argentine politics. of the wealthiest men in the country, and worked at first in the family real estate and construction business, oncehat other scion of a real estate empire. i heard that you actually have a relationship with donald trump. long away. ( laughs ) >> stahl: it was more than 30 years ago. macri told us his father had invested in a real estatek city but ran arrange a sale, to donald trump.y unique moment for me because i was only 24 years old. >> stahl: you negotiated with the guy who says he's the best negotiator in the world?yeah. ( lau

says davos is billionaires selling millionaires what the middle class thanks.fine to be an elite when everything is good, but right now, every thing is not good. wages are stagnant, jobs are being lost. i understand localization, but i also understand politics. on top of that, there's the refugee issue any terrorism issue. heaven for bid, but a few more terrorist attacks between now and spring won't surprise anyone and that's just going to add to the want of a brexit. mark: look at the growth rates in the euro area. the growth of the united states, some of these european countries would bite the hand off if they could achieve some of that growth. guest: you are absolutely right. lasterage of 2% for the not being partisan about it. we all know it's not only the worst recovery, but it is way below trend. over 34 years and one society will be twice as rich as the other. it's not just that growth is weak but all the income gains and capital gains are going to a very tiny percentage. be weak but for the average citizen, they are actually going down. this is a global

when i was in davos, every foreign leader you spoke to, more than the market sliding, they were concernednown. look at what is going on with regards to russia, oil prices, the slowdown in china. there is a global slowdown across the world. there are so many sensitive hotspots. wilddonald trump being as as he is, as unpredictable, people are concerned. many would say it is justified. when i interviewed donald and said, in your first 100 days, who are the foreign leaders you would call? he said, let's wait and see who calls me. that makes people unsettled. they know what they will get with hillary clinton. with af we did end up contested convention in cleveland this summer, does wall that?t sheer that -- cheer >> wall street does not like uncertainty. they want to know what they are getting. give morehat will chaos and uncertainty in terms of the market, it will have more market participants on the sidelines and more wall street people that shifted hillary clinton. if you watch the debate sunday night, it was far more substantive, at least the wall street chatter, than you have seen out of

my predecessor went to davos and announce in a bloomberg -- the reviews are mixed in canada on how wisewas, announcing he is going to raise the age one receives old age security. we think that's a mistake and i've campaigned against it. i'm happy to confirm here in a bloomberg interview that next week's budget, we will confirm we are keeping the old retirement age at 65 because how we care for our most vulnerable in society is important. graduallyople are pushing out the age at which people can take pensions. you are running against what most economists would push for. prime minister trudeau: just tweaking the age like that is a to a complexlution problem. how do we encourage people to say -- to stay active in the workforce longer and make sure we are creating the opportunity to stay healthy longer? linkre we encouraging a between our older citizens and younger citizens who need to have all the capacity they have thehey are going to create success needed to support our aging demographics? that means there are a lot of discussions to have. things toa bundle of look at but the place we ar

it has been called the chinese davos. don't miss this earlier -- later in the week.was down 8.8%. -- february meeting was down 8.8%. and one more thing. it is a big one. it is revised fourth-quarter u.s. gdp coming out on friday which is good friday. markets are closed. someone is always awake. alix: thank you for watching. scarlet: we will see you back on monday. have a great weekend. ♪ mark: with all due respect to the pope, baby he will read the comments. maybe he will read the comments. ♪ good evening, earthlings. i am here in selleck city where anholdingmp and event. ted cruz is spending the day in arizona. he is holding two events including one at the u.s.-mexico border. this is the first day that the surviving trio

seen the gop do trade deals in davos what you cover on fbn they doesn't have a voice.rump gives them that voice. he was very, very presidential. let me just finish. >> i don't get that. andrea: very conservative on foreign policy as well. >> really? andrea: yes. sandra: let her finish. andrea: let me finish. someone got in his ear people keep saying. i don't think so, sandra. he knows without anyone telling them to close the deal he needed this way play not to lose. >> is this new conservatism, equating palestinians with israel? is that the new conservatism? that is what he does. wants to judge them both equally. andrea: talks about no more nation-building. >> i get that. andrea: in direct conflict with the last administration. >> come out to say israel is our friend before anybody else? sandra: ted cruz took a moment to two after donald trump, policy plans, calling them basically empty rhetoric. >> the answer is not simply to yell china bad, muslims bad. you have got to understand the nature of the threats we're facing and how you deal with them. and yes, it is true t

countries.portant when i took over the office of prime minister for the first we got together with kofi davos, and that was the time i requested kofi annan to help me. that he took an initiative three times in order to solve this problem and he was afraid of taking another step forward and yet again failed. and i said that the turks will be one step ahead of the greeks, and i promise you that will be the case. i told him to give me some time, and without further ado, mr. annan said we could initiate a new process and we could start our talks. our ministers got together, we started seeing each other again, in the initiative was under way again. and the most important detail is in switzerland, we got together for what you could call a camp for four days, and we were part of that union, and i was the prime minister then, as i said, and the initiative was underway. we invested tremendous efforts and we were on the brink of .eaching a consent -- consensus. but right before we put our signatures underneath that agreement, right then and there, the greek cypriots said they were not going to be able

hans: the problem with predictions is that my normal role is the davos wrote.iction so it you don't put a timestamp on it. i will just hazard a guess -- i think it is too difficult to say. anyone that is covering this, we have never had an election that has been this volatile, the prospect of having something go down to the wire at the republican convention. a brokered convention will be part of the north american roadshow. we would drive for washington dc to cleveland and we will stop at a lot of barbecue joints along the way. guy: you are driving. hans nichols has a drivers license in the united states. let's talk about the day ahead. norway has the sovereign wealth fund, released a report on the investment funds. then we get u.k. industrials and manufacturing, market not expecting a great deal from a number. noon, of u.s. mortgage applications. then we get a right decision from the bank of canada. all of that, coming up. plenty of coverage coming up on ecb day. stay tuned for first word, joining us now on set. you look at equities today, at the market, a lit

hosting a forum, china's answer to the davos meeting.will be there with live updates and guests. thursday, singapore releases its 2016 budget. the government will be particularly prudent with this year's finances. , thepore's economy grew 2% slowest pace since the financial crisis. it expects 1% to 3% this year. another moment of history in myanmar, the stock exchange firstfor business, the and only stock to be traded. it officially opens in december, but until now there has been nothing to trade, five more companies are lining up to join the board. let's take a look at the key data coming out this week. a, when you andv i on this week? , the have a decision central meeting of the bank and philippines. we expect them to keep rates on hold. they are currently at 4%, but unlikely the central bank will do anything to exacerbate volatility ahead of the elections in may. we expect to see no changes there. also -- angie: we've seen more robustness ahead of the elections, right? >> they went to be one of the brightest spots in the region. 6% th

we spent a lot of time in davos talking about it. the simple title is "women and work." will be 117 years before women have the same career prospects as men. it is a great honor to have sallie krawcheck with us. great to have you on the program. if there was one prescription to get more women to work, or actually closer together in the pay gap, one prescription over the next 12 months, what would it be? sallie: i wish there was one soundbite answer, but there are many. mandated parental leave -- if you let women after they have a baby actually have a break, they are more likely to come back to work. there is a study that shows he could save companies money in the first year. closing the gender pay gap is a pretty good one, too. continuing to advance women in businesses. and the one im am focused on, the gender investment gap, can earn women hundreds of thousands if not millions of dollars more over the course of their careers. i wish there was one answer. there are several. francine: do we need quotas? tom and i spoke with madame lagarde many times, and she said she woul

francine: i remember speaking with george soros at length in davos.something going on in china that people are nervous about. we saw that in the numbers. we do not have capital flight. outflows were not as good as they were in the past. the you wantalue because they cannot do otherwise? wrongoros was completely and misinterpreted the data has the data for international lending to chinese companies, which has diminished. china has delivered in terms of dollar obligations. at the same time, the reserves are balanced. francine: i understand that completely. i spoke to george soros for an hour, and what he was saying was that he does not -- i was asking to his thoughts on that. we will get back to you in a second in new york. tim? tim: i would agree with the statement that there is much more to it than having money flowing out. he goes back to the issue that it is a pretty insular market on all sorts of fronts, whether it is debt, equities. there is not a lot of international risk that you would think of with most emerging markets where we have had massiv

. >> when i was in davos what we see is the american economy, the actual economy, the 145 million peoplerking, wages going up, spending money, spending the gas they save. we're seeing data. balance sheets are in better shape since it's been recorded, the consumer. they are buying cars at all time records. home sales are going up. household formation is going. that's pretty good. we all want to be better. >> what's the market missing? >> nothing. the market is sometimes irrational and times ratisometi rational. the fact there's always a list of worries. there was a reporter we get breathless go back a year ago your breath was something different. authors real concerns. i won't diminish those concerns. if cline grows at 4%, 5%, america grows at 2% that's a good thing. we all think it's not enough to help people. >> jimmy grew up at a time when banks trade at multiples of their book value. today they trade under. what would jimmy think about that? >> i don't care what banks trade at. i care what jpmorgan trades at. you look at the history of banks it's quite a cycle. early on some of these

i sat next to the chairman of general motors the other day in davos, switzerland. they are sitting there watching others go in. we can't do that. why? because we still have sanctions regime against iran on our embargo because of our other issues. >> because of ballistic missiles and because of their support for terrorism. >> that's correct, mr. chairman. but we can't sit here and complain about other people doing what they are allowed to do when we ourselves prevent ourselves -- >> but the major economic actor from the standpoint of members of this committee or many of us is the irgc, the iranian revolutionary guard corps, and we see them on the march. we see them in violation of another u.n. sanction, not only working on their icbm programs, but also, carrying out terrorist activities. so given the stock you're putting in the snapback provision, are you asking congress to renew the iran sanctions act? because that's going to expire. that's going to expire at the end of this year. this is the foundation of the sanctions regime. if it expires, there's nothing to sna

i sat next to the chairman of general motors the other day in davos, switzerland.they are sitting there watching others go in. we can't do that. why? because we still have sanctions regime against iran on our embargo because of our other issues. >> because of ballistic missiles and because of their support for terrorism. >> that's correct, mr. chairman. but we can't sit here and complain about other people doing what they are allowed to do when we ourselves prevent ourselves -- >> but the major economic actor from the standpoint of members of this committee or many of us is the irgc, the iranian revolutionary guard corps and we see them on the march. we see them in violation of another u.n. sanction, not only working on their icbm programs, but also caring out terrorist activities. so given the stock you're putting in the snapback provision, are you asking congress to renew the iran sanctions act, because that's going to expire. that's going to expire at the end of this year. this is the foundation of the sanctions regime. it expires. if it expires, there's nothing