and that's coverage from davos team for a short break do stay with a w. if you can. pay this enough. video game music sounded like thirty years ago. today's tracks take the experience to another level ok science to him compose a good way most are. featured in many games his music is bound to. his fans he opens doors to. sounds good. though genre that's so much more than just background music video game music starts february twenty fifth on d w. brace for impact rather sooner than later the international monetary fund with another stern warning at the world economic forum that as the challenges for europe take center stage in davos and a top executive facing jail in the united states an accusation of using its hardware to spy on governments chinese tech giant whey is dealing with its numerous challenges at the gathering in this. i'm just of cobra bill and good to have you with us. the global economic slowdown is coming faster than expected that's the message from the international monetary fund's deputy managing director david lifton speaking at the world economic for

and that was javier i'll get us there for us in davos chinese telecom giant huawei was also a davos where governments accused of taking orders from beijing are moving to prohibit their internet carriers from partnering with it now while way is going on the offensive against the backdrop of the ongoing trade war with the u.s. while ways relationship with a range of western governments has grown strained germany for example is currently debating whether to ban its technology from new five g. networks and davos wild ways deputy chairman says in the tech sector companies needed to start being more vocal in their relationship with governments or it would have serious knock on effects on other industries. i would strongly advocate that the business community to opinions to the government to let out government on their understand the requirements from the business community ata wise i worry that the trends will expand to many many harder industries and countries in fact while ways problems have already spread to other countries in an ongoing drama on the other side of the atlantic in canada its

with confusion still lies of a break that prime minister to resign may stays away from davos.the german chancellor was in town but prefer to steer clear of questions about greg's it. it was left to her minister of economics to address the issue. but of course practice it is. fundamental a fundamental thing that would effect if not organized an orderly way it would affect the economic relationship a gross europe and perhaps even on a global level and that means we are of course prepared in germany for all possible. outcomes but we certainly want to avoid in order practices it wasn't only british journalist wondering whether he meant he expected a hard break i'm not here to negotiate the european union has negotiated. with one wise over the last two years we have been clear from the beginning we have been constructive from the beginning what is also clear is the eagerness of many european governments to resume their focus on other issues prime examples being the creation of a digital european infrastructure and the challenge from china on the technological front. brakes that cha

was addressed in davos at a meeting of ministers from seventy five nations including the u.s.and china they launched talks aimed at drawing up rules to global e-commerce. dishes for the full time may have sounded a little melancholy by the next on the w.b.'s these here including scotland when all likelihood have left the e.u. . with confusion still wife of a break that prime minister to resign may stays away from davos. the german chancellor was in town but prefer to steer clear of questions about greg's it. it was left to her minister of economics to address the issue. but of course praxedis . fundamental a fundamental thing that would effect if not organized an orderly way it would affect the economic relationship a gross europe and perhaps even on a global level and that means we are of course prepared in germany for all possible. outcomes but we certainly want to avoid the practices so it wasn't only british journalist wondering whether he meant he expected a hard break i'm not here to negotiate the european union has negotiated. with one wise over the last two years we ha

the swiss mountain town of davos hosted the movers and shakers of global business this week at the annual world economic forum. with the leaders of the u.s. france and britain canceling all the more attention was given to those who did show up. among them with german chancellor angela merkel. the other guides its global i think we should understand our national interest in a way that we think about the interests of others and from that create win win situations that are the precondition ferma to lateralus with them within that analysis and the. third sarcastic comments appear to be aimed protectionists like donald trump who boast about putting the interests of their own country first meanwhile china used the opportunity in davos to affirm its free trade credentials and to appeal to the u.s. to help resolve the trade conflict between the two nations when we did you see the chinese and us economies are mutually indispensable so their relations most minutely beneficial and when when. so cooperation serves the interests of both sides well confrontation harms them. this is a basic principle an

spencers on for us there at davos on. the state of the news live from berlin don't forget in just a little bit we'll have that live signing of the new german french treaty and join us for that. time for an upgrade. our furniture grows all by. the us with no room. for design highlights you can make your super. tuesday.

double or getting some business advice from a poker pro this and more from the world economic forum in davos coming up after the break. that's coverage from our team in davos will be coming up after a short break you're watching if you don't mean news from berlin course you get all the latest news information around the clock on our website let's call it with the next thanks for. the music so long date. and extravagant. to hosts who really know their stuff. grooves. with a good building and stephanie. thirty inches sessions from around the world. groups starts february second. drawing conclusions from davos as the world economic forum draws to a close we ask what answers did the elite gathering in the small cells provide for an increasingly polarized world also coming up having trouble calling bluffs of your negotiation partner because we have some serious advice from a bestselling author. i'm christopher coburn berlin good to have you with us even the queen seems to have had enough now queen elizabeth the second called for opposing factions in the u.k. to find quote common ground her statem

in davos to promote wealth and development for the poor. among the group of social entrepreneurs was ernest darko from south africa he's made it his goal to improve his country's health care system. from a demographic point of view a lot of growth is going to come from africa most of the world growth is going to begin to slow down africa is just rising and it is critical that we get it right for africa and part of getting it right is ensuring that you have a healthy population and that their social and physical wellbeing is maintained. other social entrepreneurs came with thought provoking ideas that they envisage on a larger scale like you not eichler who knew it wouldn't be easy to gain attention at this high profile event his project in israel which organizes jobs for disabled people has been very successful the main difference is that all business entrepreneurs are looking for the same thing same thing for profit social entrepreneurs are trying to solve different and different problems so we bring another thing to the tape. we bring dif

global movers and shakers have reported to the swiss resort town of davos but many world leaders are not attending this year's world economic forum and the outlook for the economy is gloomy. and spreads it is a mess in an exclusive interview former british prime minister tony blair tells d.w. what he thinks of teresa mayes present plan and whether he bears any responsibility for what's going on. and stephen beers in berlin thanks for joining us trump cancel she won't be there either so is this year's davos meeting a chance for the europeans to turn the spotlight on themselves there's certainly plenty to discuss. these added again part of a promotion for a scottish company into of us but it's hard not to hear a melancholic tune after all by next year's world economic forum britain should officially be out of the e.u. it's still not clear how so the british prime minister cancelled her visit to you might see prince william cross your path he probably won't be commenting on breaks that go but others like this top german economist are speaking their minds. this is the terrible thing is t

polar scientists decides to freeze in davos arctic style for a good cause. to infinity and beyond the u.k. space agency is working to solve mankind's problems from above. how poker skills can get you back next big promotion. we're here at the back magic mountain famous german writer thomas mann immortalized in this building a former senator for tuberculosis patients when he wrote about life in this facility in one nine hundred twenty four much has changed since then including the way we deal with illnesses in the future it could be robots taking care of us that's in part thanks to artificial intelligence a topic very present here in davos and i'm not only talking about the world economic forum. this little paper figure moves as if by magic it's the brainchild of pupils at a school in the swiss town of davos they programmed the small machines themselves and are showing visitors at the world economic forum what they can do artificial intelligence no not quite. the same deal again says for me for me artificial intelligence is somehow like a robot that can just

kumi niger doesn't like coming to davos but he's been attending the forum for fourteen years now. i think is a pathological condition which many people suffer from where they believe that a meaningful life a good life a decent life comes from more and more material acquisitions. this reality is usually very far away from the posh pristine summit and that's why n.g.o.s like his are often criticized for attending the forum and meeting with the elite but it's a necessary evil focal me. collectively we are trying to hold up in a different reality that the people we work with on the ground on a daily basis we have to challenge some of the. visions that flawed to present alternative visions n.g.o.s are in the absolute minority here in davos the forum is dominated by big business. but that's the good thing about the forum says kyle's cyma her n.g.o.s first book provides books and other necessities to children in need. you can't pick one sector as the solution to all social problems but we can't do it alone either these are these are problems that in many cases are outpacing solutions rig

and europe takes center stage in davos german chancellor angela merkel will be addressing delegates on day two of the world economic forum summit. how to welcome i'm with thanks for your company. two of the major players in the syrian conflict are set to meet the talks that could have broad implications for the country russian president vladimir putin is hosting his turkish counterpart richard died on the bid top of their agenda is the future of syria's codice controlled areas good. militia control much of northern syria as you can see in this map that's the ghetto part this after pushing out so-called islamic state i a says lost almost all its territory in syria syria is marked in red and that's led to president trump to say he would draw the two thousand american troops supporting the kurds and do one regards the kurdish militia as terrorists and he sees their presence along turkey's border as a threat to national security in a telephone conversation with president trump he proposed a turkish controlled safe zone along the border and that's the area which you see she added on the map

china trade dispute was shaping the debate in davos. pick any company along the promenade here that's represented here at davos and they'll talk about the trade war to you they're all affected in some way or could be affected eventually as an economist told me this morning we could see global effects from this trade war for decades from now which sounds pretty dramatic but we're talking about the top two you will call them is facing off against each other and they're not only companies caught in the crossfire but whole countries like australia for example which is waged between beijing and washington i've got the finance minister from a straight i call them with us what is that like being stuck between the two we don't see it that live you obviously have a longstanding friendship strategic alliance and trade and investment relationship with the united states and in more recent times china has become almost important to try to be part of it that you are committed and we believe we can continue to maintain good relations both with the uni

i want to get out to davos. and business leaders are descending on the small swiss town for the first day of the world economic forum. we will be live there a week. francine lacqua is standing by. francine: we have plenty to come up from the world economic forum here in davos. i am speaking to many chief executives. up.ane thiam is coming and we will speak to the chairman of ubs and bank of america to figure out what brexit means. we will talk about the u.s.-china trade, is it a slowdown, we will talk brexit. we will shortly be joined by andrey l. kostin, president, vtb bank. and we will speak about the question of the day. kostin also ask mr. about russian sanctions. anna: francine will be back shortly. let's take a moment to focus on the markets and the trading day we have here in europe. equity markets looking for guidance from the united states later. in europe, fascinating stories, hugo boss up by 5.5%. air france and some other airlines make some gains today. by 3.4%, they guided higher this morning. let's

president donald trump wanted to talk trade with the chinese in davos now as we know the u.s. delegation didn't show up other still attends to make progress in the u.s. china trade conflict though. there are attempts from both sides christophe it was interesting two years ago here in davos xi jinping the chinese leader gave a fantastic speech at least that's what pundits he has said they were lapping up and giving lapping up every word he said and giving him so much rope applause he said that they would be global champions of globalization basically stepping into the role that the us was opening up for them by starting to follow this line of protectionism then a year later mr trump came here and gave the closing speech and said certain countries are taking advantage of the system alluding of course to china so neither naming the other but now the fight even though it's being fought on a lower diplomatic level with my comp a.o. the secretary of state joining davos via video link has become very personal and very direct he called china the leader and he said a solution could be

i'm jonathan ferro in dollars -- davos at the world economic forum in davos.ical turbulence was the center of much conversation, and we spoke with many political leaders about how they are handling risk and potential flashpoints. let's start with the italian prime minister with questions about the stability of his government. he discussed it with francine lacqua. francine: can this government hold, or will we see fresh elections? >> we have a strong coalition, and there are a lot of problems with stability. we're working very hard. there's unity, and i'm very confident that we can last for five years. francine: we've heard from both salvini and mr. dimaio that they are unhappy with things in france and things in germany. what do you agree with them on? >> there's a public debate, and i think that we have to talk about that. there are a lot of things that are not working well, and every politician, every government, every member state can discuss about that. francine: do these verbal attacks hurt the relationship between italy and france, and italy and germany?

anthony scaramucci joining us in davos.e are joined now from washington by kevin cirilli come alive on capitol hill. veryenate voting on two different proposals. do they both need to fail to find a way forward here? kevin: yes they do. i was just in the house of representatives speaking with freshman rivers of congress on both sides of the aisle. -- members of congress on both sides of the aisle. this is frustration on longest shut down in u.s. history. nancy pelosi speaking at a press conference as we speak. she says she is glad that the matter of the state of the union address, which has been canceled on tuesday night, she is glad that matter has been put to rest. let's take a look at these two different proposals that are going to get voted on today. the republican bill would allocate $5.7 billion to build the wall, the amount president trump wants, and a three-year protection for dreamers. that has been a sticking point among republicans and democrats. the democratic bill would reopen the government through february 8,

also the world economic forum in davos draws to a close to the gathering of business elite offer any answers for an uncertain global economy. and the billionaire investor george soros lashes out at china from the sidelines of davos we'll tell you what one of the world's richest men is worried about. i'm stephen beard is in berlin thanks for watching and into the u.s. government shutdown appears to be around the corner but not before some serious turbulence at the nation's airports new york's la guardia airport faced major flight delays friday as air traffic control struggled with staff shortages linked to the shutdown. that triggered renewed pressure for politicians to end the standoff at the nearby newark new jersey and philadelphia airports were also facing delays as a result around one hundred fifty eight outbound flights and one hundred fifty four inbound flights were facing delays but only a small handful were canceled that according to flight tracker flight aware. let's go down now to new york where our correspondent yens court is standing by yet there was a lot of talk about t

so long from davos.mberg. ♪ ♪ david: you were nominated to be a chairman of the fed by president trump. is being chair all that it is cracked up to be? [laughter] david: people thought two rate increases were part of your plan for 2019. jay: there is no plan. we can be patient and flexible. david: maybe the president will have a meeting with you. have you received the invitation? jay: no invitation. david: you would be happy to accept it? jay: i am not aware of anybody not accepting it. david: ok. [laughter] >> would you fix your tie, please?

theresa may canceled her trip to davos. there were plenty of people here with thoughts on the negotiations. as the deadline for britain to leave the eu approaches. >> would you be in support of a delay for a couple of months if it puts the u.k. in a better position, or wtr rules? >> if there is a deal because we because we got a deal and want to implement it, that would be one thing. i think we can implement it by march 29. my suspicion is those who want to delay it is because they don't want brexit to happen at all. that would not be true of everybody, but there are those who see a delay as a means of hoping we won't leave. here we are discussing the disconnection between voters and the political class and the role of globalization in that. the biggest risk is when politicians promise something, and then don't deliver. in the u.k., you have the clearest possible example. we said to the voters, you make up your mind and we will abide by that. then, we had an election, where 80% of the mp's said we will abide by that referen

in davos speaking of davos the town has around fifteen thousand hotel beds if you think that would be enough even when the world economic forum circus comes to town every year some prefer to camp out in tents just. a team of pole our researchers their aim is to draw attention about climate change issues replica of an arctic ice cap. most people in davos this week live in warm hotels but there are exceptions polar scientists the team of fifteen international researchers in crew have been camping here in subzero temperatures for the past few days and nights the worst part of sleeping in the tent is actually getting anything back in the morning then you actually back into the cold years you leave your warm little cocoon and into the cold. but the residents of this base count on not counting out just to cut costs from a science perspective we try to give the reality check we try to give the evidence which is without question worrying is warming twice as fast as the rest of the planet that has changed the scene right across the arctic. the team up in setting up their replica of an arctic b

and days three of the world economic forum in davos after politicians had their moments today it's artificial intelligence taking the spotlight. i brought in thomas a very warm welcome to the show and then a swale is in charted political territory after the country's opposition leader. declared himself president the move was swiftly recognized by the u.s. and other countries quite owes us this time to end what he calls for. duros dictatorship the last few years have seen no ins flee the country to escape food shortages and crippling inflation. was he hopes these words can topple then as well as government opposition leader one ply two swore himself in as interim president has thousands cheered him on. was aim is ending this usurpation and this treasonous government and holding free elections if this happens then let god and let the nation reward us and if not then let them demand otherwise. quite those declaration comes as hundreds of thousands rallied across venezuela to support the opposition they call president maduro as government illegitimate and blame him for their country's economic co

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. powerful nationalist politicians across the world are openly attacking free global trade but many economists remain unperturbed. very focused on steel and automobiles but that's the old globalization but the new globalization is much more involved in financial transactions services data and that is going very strong so i'm not terribly worried about globalization going into reverse or somehow or other dying no i think it's alive and well very well so the consensus here is that new rules are needed so that fewer people lose out in the future some attendees of the davos gathering however say the whole system needs a report will we see the number of global billionaires increasing and increasing and increasingly dominating the global economy and that needs to change so it will be acquired real systemic change to address inequality and unless we do that we're not going to be able to create either globalizatio

that's what you that's what you expect in davos. look there are some hot issues even though it's called there we wanted to talk with you about them one is this report that we discussed on the program the other day the oxfam report that shows that twenty six billion arizona one point two trillion dollars worth of the global wealth which equals half of the population that's a three point eight billion people so twenty six billion years old half the wealth of the whole country the whole world rather it seemed like a pretty stark contrast i wonder if you had any thoughts about it luca what. was such a shocking report of course about you know it confirms something we already know about it is the fact that inequalities are growing up and up but despite all the economic recovery there was no reduced to usual and on the contrary i mean profits were to an old ways into the pockets of the few and so this is really and clearly i mean the bases should be at least the basis for the discussion we've got in devils . still is not always like that t

jonathan: from davos. tom: numbers this morning, you think you know it all, french two year yield, was negative. negative interest rate. we do not see that in america. it is pervasive. what does that mean for bmp? for the rest of french finance? stephanie: this is why politics of rates are opposite. disconnect between donald trump and jay powell is all about whether to raise rates. at the institutions here in the eurozone, the financial ment is desperate to move away from negative rates. it is a hard argument to make. nominal gdp -- this is not a nominal environment. tom: we do that on bloomberg surveillance. jonathan: i am part of it. tom: are you? jonathan: i am. stephanie: we have had a lively debate between larry summers and various members about whether they work. judge that some relationships did not maintain themselves in negative territory. the europeans would say, we cannot say it formed the eurozone economy but all it was going to do was buy some time and it did that against the alternative. they

plenty more from davos throughout the day. just turnedthat had away, the minister confirming carlos ghosn resigned last night. there will be a meeting, the future of the company will be discussed. with that in mind, let's get a quick recap. csi back on track. possibly infrastructure upgrades. futures are up in the s&p 500. what is the shutdown doing? interestllar down as rates are raised on mortgages. 130a: cable powered above yesterday holding three days of gains with the prospect of no deal receding as voices call for an extension of the brexit deadline. oil, the focus seems to be from -- on signs rather than on venezuela. euro stoxx 50 futures pointing higher. coming up, we speak to the ceos of some of europe's biggest companies including merck. don't miss those conversations live from the world economic forum in davos. this is bloomberg. ♪ >> people have certainly diminish their growth expectation. we do not think they have done enough. earnings expectations in the u.s. are too high. generally, the fed and other policymake

sarah. >> good morning, brian, from davos, switzerlanswitzerland.t will be an eventful week, i'm pleased to welcome the managing director of the imf, christine lagarde thank you for being with us. >> pleasure. >> you kicked off the week with a warning to global growth in a downgrade to your forecast 3.7 goes to 3.5% growth this year what changed in the world? >> if you look at six months ago, there were threats and concerns, but they were not off a magnitude that we have now we look now at tariff increases that have taken place and that are beginning to have an impact. however small. we are looking at threats. we are looking at an attempt to resolve itwe believe from the advanced economies, particularly, it will have an impact now, we revisited downward from 3.7% to 3.5 berz it's not a major revision, let's face it. >> still growth. >> we still have growth. it's a little bit more modest than it was. it's not on par with last year where we were at 3.7, and i that i policymakers really have to focus on how do they fix that and how do they resolve the

got all the coverage from our team in davos coming up for you just after the short break it will be with us for that ten all the rest of the business news you are watching the news from berlin course you get all this news information around the clock on our website that sent d.w. dot com stay with us for. here's what's coming up on the going to sleep you have plenty to talk about here one. the money is legal every weekend here to. celebrate one hundred years of house and join our photo competition show us the powerhouse movement impacts your world for a chance to win one of three like the cameras follow us on instagram tag and post your pics using hash tag powerhouse one hundred so get snapping. my gold terms and conditions at the w documentary on instagram. as the world economic forum in davos draws to a close what answers did the gathering of the global business elite in the swiss alps provide for an increasingly polarized world. this did of your business. on the last day of the world economic forum ministers from seventy five countries including the united states and china launched ta

a perfect day in davos. at reallytte -- corb high on political turmoil. >> the stock price battered in december and a massive rally following -- >> there was record profitability. tom: the one data check we did three days ago, i noticed both our bear market on to correction. when 4700 on the dow. theance to speak with secretary-general in a conversation with his entourage as he came on to our stage. we talked about the history of 1986. the history of opec.it was a cartel . you take offense to the idea that it is not a cartel. if it is not a cartel, what is it? >> thank you for having me. happy to be here. jonathan: happy new year. >> you are quite correct. we are no longer a cartel. free,k that we are a open, transparent organization. for some of you might call a fishbowl in the u.s. we have come a long way. data today, all of our which is raw material, is online. from 1960 until today. publications key are the monthly market report, our annual statistical bulletin, and they are online and accessible to all.

and slumping economies an ongoing trade dispute and don't forget brags that the global elite and davos may want to talk about the economy of tomorrow but the problems of right now keep getting in the way. i'm stephen beard's in berlin thanks for joining us airbus boss tom enders had strong words today about what britain's divorce from the e.u. could do to his firm that in a video message to employees and are said that if the two sides can't come to terms that is if a no deal brags it does take place the aircraft manufacturer could withdraw its operations from great britain have a listen. brics it is frightening to destroy a century of development based on education research and human capital it was a no deal breaker we have there both will have to make potentially very harmful decisions for u.k. decisions about workers eleven thousand five hundred work directly for air bus in britain they build the aircraft's wings here if you count all the affected suppliers britain counts one hundred thousand valuable industrial jobs in the aviation sector that are in danger from brakes it. don't lis

we are live from davos, and ms.d christine lagarde and has some of the highlights good morning >> good morning. ma imf fired a warning shot aahead of this meeting. now expects 3.5% global growth, which is still decent, but it's down from when they expected 3.7% in october. i asked her what changed in a matter of a few months >> what changed is the level of risks, and the acceleration of the pace at which risks are eventually materializing if you look at, you know, sick months ago, there were threats, there were concerns, but they were not off a magnitude that we have now we look now at tariff increases that have taken place, and that are beginning to have an impact. however small. we are looking at threats. we are looking at an attempt to resolve it >> she talked about all the risks factors and the sort of areas that are hard to forecast when it comes to the outlook this year, including brexit. chief among them, no deal brexit >> how did she handicap it >> she's saying there's some sort of deal from this march 29 de

tom and francine in davos.to so many panels, it actually feels like they 25 and yet there is still uncertainty in the corridors. tom: i want to congratulate you on the important panel in oceans. people are riveted to your oceans debate. the most important person to .eet in davos today euro could follow the back of mario draghi's comments. me of their forecasts downward for germany. here is what we will be looking at this hour. aberdeen chieffe executive officer will be here, we will also speak to the founder and chief executive of .erkeley group joining us to talk russia and alexei.s, today.lot to talk about yesterday i thought was almost a jumble of ideas. one of the things they are, there is a current of optimism among ceos really trying to push back against the global gloom. francine: i agree with that, but when you try to pin down and say because the market is putting itself in a frenzy of all of this gloominess, it is unclear what they see the real rosy spots in the world are. let's get straight to the blo

more scoops coming from davos.his is bloomberg. ♪ anna: good morning, seven minutes to go until the start of cash equities trading around europe. let's wrap together the stocks to watch this morning. anne-marie is looking at areult, mac arena -- and we focusing on the tech sector. a bloomberg scoop on renault. >> the french finance minister delivered this message to tv -- bloomberg tv. take a listen. >> carlos ghosn just resigned last night. and now it is time to define and to put a new governance in place. what is today the most important thing is to prepare the future of renault and the future of the alliance. >> the french finance minister there. let's come to you, more gloom for the lighting industry. >> that is right. the german light manufacture said a market decline hurt revenue, citing trade conference with growth in china and political uncertainty. may beighting stocks active today in european trading. anna: we will keep an eye on those, the broader sector. let's get to technology. >> they reported numbers

at a time when autocratic strong men dominate the world's political stage this year's davos gives both scenario and air of legitimacy. and to talk a little bit more about this we're going to go now to our correspondent in davos javier gave us javier was the business friendly crowd there convinced by what the business friendly bolsa naro had to say. well stephen of course you have to give also now a little bit of time we know that he just started off as an january first and there is perhaps one approach or one aspect that people here tend to mention as a positive aspect considering of course that he is often labeled as a populist and it is that at least both so narrow does not blame the problems that brazil has other countries or for example on migrants like many populist leaders do so that is something that people are definitely rescuing from his speech that being said there are some very important crucial questions when it comes to how wilson out intends to transform brazil and the questions are about the price tag will that be at the cost of the environment or will that be at the cos