you know inaugurated at davos and you told the story you helped us all understand it davus thousands of people listening to your words because you helped put him in the white house but at the same time you said look it's going to take he's a different kind of person that's ever been here before and you sounded to me almost like family with him you helped bring him to be so i think for the purposes of looking back and understanding your evolution what didn't you see what didn't we see at the core because i think your message at that time was that in his core he was really good and that this was going to be good for the nation. well remember i mean as an expression you can never put into people what god has left out but sometimes what we try to do is we try to idealize the people around us and so that was one of my mistakes but when you and i met in davos and in naples florida prior to that and what i wrote in the blue collar president by the way the president did not like my book because it was very balanced it talked about him going after the press and how we shouldn't be doing that

consumers are in davos brands and they're less consumer forward.a smart company like davos very much browned forward. they're very much brand forward. and davos is an entrepreneurial platform company it's for the team members. they drive businesses for us within the company and i think the opportunity here is actually, you know, to use your phrase, is to combine so what is most exciting for me and for ryan i know and our team is that best in class juggernaut of the i dwchltgo and intellige market insights with our platform and spirit and hopefully hustle has and will lead to great things the that is part of the, i think, most exciting element that the partnership that was announced by us yesterday. >> consumers may not know davos brands but they know ryan republican ald reynolds what is it about celebrities getting behind as investors and as promoters of these liquor brands and being able to sell them to big companies? is it really add that much value in terms of consumer sales >> well, i can speak to the other examples only as an observer and a co

try to idealize the people around us and so that was one of my mistakes but when you and i met in davos and in naples florida prior to that and what i wrote in the blue collar president by the way the president did not like my book because it was very balanced it talked about him going after the press and how he shouldn't be doing that in the press is not the end of the people but what i was trying to imply to you what i was trying to say to the people in davos is that we've had a fracture in the social contract in the west something happened our political establishment the political circularity of the elite focused on corporate interests or they focused on social issues but they stopped focusing on the dilemma of blue collar families and so what happened is globalism took power of there were a lot of advantages to globalism by the big believer david ricardo so the theory of global trade and i am what you would classically call a free trading person but we left out a large swath of the country and i was trying to say to you and the people at davos rightly or wrongly the president identi

to put santa shrewd out of business and the hardcore points the skids and his move to davos dusty should. have been for months monetary press censorship for guys to learn not to be true. to the super human uses of money to ditch bits i'm going to just do comes to just you the shows promise to let see i'm to listen and obstacles it's time to give you the most high you promised dr all mr shootdown not to know martin sure in time to just into the hard ones to do one more thing by a good push back by a time posting. with all of what goes on with their hopes are on the. whole mess although based scoliosis about 200 songs and ships hasi andrius hears his or yours his fundamental for a sewing needle song and the truck goes how long knowing who do how cole attack saying tehran know their. take your time with. your. life your life. because you don't wait as long. as you give up on your. hello. is. indeed. the exit. and you go would have to go through how long do you. think. me. go attributed my news item in there. how do you know i didn't mind you had to but. when they. had to use a credit union.

to put santas through loud business i'm hot for going to the states actually move to davos dusty should learn from your dad in comments not to tell essence machine guns are for guys tell them not to control our . troops who clearly are you mrs openmindedness pitstop one who disapproves counsels this team teaches bottom assume it seemed to listen and obstacles it's time to give the most high you give and farms and dr all especially. not to know martin schmoo and tony into the heart runs into one mom by a good push back by a time poster. i thought. how. you should see andreas here is his or yours his fundamental for the day. or so and the truck goes how long you know and who don't how to call a task saying no there were no tones on. the order type of paris for you or this shannon have been the same darker hair. even though i knew i couldn't. get away with. it on the bar stool but that is a given without. all the top hello a guy. can young. the sudan sukhumi on the food suppose farms who are 19 now have. been denuded yeah it's u.k. she was into my intent t. menses i'm looking forward to th

one of the things today the davos economic forum will be delayed until next summer. of groans an tiny violins on the delay of davos perhaps holding these large gatherings, big institutions are making the decision even four or five months fro now it won't be safe to do what does that tell us how prolonged this suppressed economic activity could last >> i think you bring up a great point because when you're talking about davos or i look at colleges university of north carolina, they started classes, i think they have about 30,000 students. a week later they shut it down and it's going all online. university of alabama, the same thing. we all know what's going on with the sports leagues as well so i think, you know, let's not forget, it normally takes 10 to 15 years to get a vaccine. we're shortening that to a year. to think that the world is normal, it doesn't make a lot of sense. so my take is we get back more a sense of normalcy, wait next year when everybody can get a vaccine, we've got some herd immunity, et cetera, that's when it will make more sense. for right no

know about this new technology how leap presented his face what studio at the world economic forum in davos the most important thing is actually that people know that this is possible right if they wouldn't know because usually be fooled if they know that there are ways to actually create the to manipulation is extremely believable then you know we will have some we have protection but honestly i have to say that both experts hunted for it and how we have managed to call my worries about defects and little fake news has always been a huge problem not just today but the perfect technology is not even necessary for it. the more people are aware of the facts and the possibilities to manipulate the views the better they can deal with misinformation is something true or false that's not a question of deep fakes what do you think are you scared of manipulated videos or is this all just a storm in a teacup let us know what you think you can do this on you tube too there you can find a video of me getting my fairy own 3 d. avatar and how nice lap and los angeles i even set in the same chair as will

>> i think davos was surreal >> what are you planning >> oh, i don't know. >> what's coming up?o some kind of -- they're planning to do some kind of smaller in person/virtual thing we'll see what happens it will be very interesting to see. i don't know >> yeah. >> what about the caviar >> virtual caviar just isn't the same, is it now? here's a story that we're following for you. apple is reportedly getting ready to roll out several bundles of services with the goal of scoring more customer subscriptions and recurring revenue. apple is going to release new iphones. one can include apple music, apple tv+ and another can add gaming and news content. >>> shares of peloton under pressure apple is working on a virtual fitness offering that could compete with the exercise bike maker. those shares are down almost 5% right now. andrew. >>> meantime, palantir planning to go public they would begin trading publicly without raising any new capital. current investors wouldn't have to wait for a lockup period to expire to sell their shares. cuts on their shares and we spoke to alex karp >> we

barriers and divides us for no apparent reason and i hope to unveil this language in this new approach at davos in january if we have it because issues like this are so serious i'm a different guy you and i know each other for a little while and you would know that i had a stroke in january i'm a different guy today than i was the last time you and i and i'm determined to take this skill that i'm fortunate to have developed and to take my interest in learning from people and applying it to the most controversial issues of the day whether that be the israeli palestinian conflict or issues of climate or racial racial reconciliation and that word reconciliation is so powerful right now because it does mean bringing people back together and that's why i said that sense of you because it was longer than most and you always give people the chance to communicate so can i apologize right now because of the stroke i don't speak as quickly as i used to and i don't bring together my thoughts it takes me longer to land the plane basically i need a longer runway and thank you for forgiving your. well frank

their community or superior geysers whoever got this who knew some of us or not should be in davos toy taco bell don't normally approach would arjun it will question it will crash and to illuminate on if you get. now stuck in i've got a nice thought it quite nice when it cut that. budget than i need then to phone nick at the last yograj. guys who were surveyed who have been to take assad to see obvious not. again that asio force unleashed just and he had a good enough but it was told to him down time to go to. that's why my piece only had a pretty negative fare so negative. piso to chin it was arc of cause can republicans of the national qualia poor who pioli chito beausire knots. have plenty to tells you a typo what can you get a video to quote i thought your point that we detect where multi disciplinary most more of the nuts are now most of the kook around most. oh yes to my age there are other some monkey. they're starting to tonopah me 3 cherry danny some small town in. gaza and some years most of ours require you to. stop the stories. dogs are just. as obviously they know cannot b

teachers in davos have gone on strike to demand that president alexander lukashenko steps down that as a belorussian court jails a member of the opposition coalition council opposition leaders for atlanta to kind of sky is calling for more mass rallies. civil servants in iraq's kurdish region have demonstrated against the regional government over salary arrears they're angry they haven't been paid in 6 months and they're demanding an urgent cash transfer from baghdad to settle their back pay human rights workers say at least 50 journalists and activists have been arrested as the kurdish administration tries to prevent further protests those about it has the latest. when this is say protesters stormed the municipality building and callar and set fire to it on sunday the town's 100 kilometers east of solomon ia in the kurdistan region of iraq. security forces responded by firing bullets. more than a 1000000 people work for the government here they haven't been paid for 6 months you have this cut that being the market is going to go down that will affect the private sector all of the othe

davos, oneresting in the dimon them -- on the dynamics we are seeing with the zero balance.eems so long ago. guy johnson mentioning the volume, the turf of volume that we are seeing in london. futures up six, dow futures up 1.08. nasdaq futures are flat, i'm going to call it this money. he decided turn to the market -- a decided churn to the market. brent crude out just $45 a barrel. in our next hour, must-listen, must-watch. michael darda, m km partners. this is bloomberg. good morning. ♪ what happens when a wireless carrier puts its customers in charge? well, the good news gets shared. and it gets rated #1 for customer satisfaction. but don't just take our word for it. take theirs. it's your wireless. your rules. only with xfinity mobile. call, click or visit a store today. tom: this morning, perhaps it is by executive order on hong kong. china will sanction senators rubio and cruz, and i know this -- all -- on taiwan, type u.s. cabinet officer makes a first visit in 40 years. beijing says a candid dialogue is necessary. there are four trumpian executive orders -- count th

he joined me at davos for an important climate change panel as well. 2004, there was a kennedy clan lined below our bloomberg box. i remember peter jennings being there before he was so ill. those days seem to be gone. when we are done this pandemic, do we in anyway get back to those kind of conventions? david: i was there in 2004 with peter. we worked together on that convention. it was sadly his last convention. my prediction is that we don't go all the way back. it will come back some of that direction, but i think the conventions will be transformed forever by this experience as so much of american life will be. i don't think we will go all the way back ever again is my prediction. tom: david westin, thank you so much. really looking forward to this. it begins with "balance of power" at 12:00 noon today. david westin, kevin cirilli and our team really focused on some of the distinctions and nuances, and of course, the politics of the nation. our convention coverage tonight at 10:00 p.m. as well. must get back to the markets on this monday morning. equities improve, and off of that eco

schwab, i know a lot of our viewers and listeners on radio and tv also want to know what will happen to davos1. what are your plans at the moment? how many people do you think will actually be there? dr. schwab: our first priority, of course, is the health of every single participant. we are working very closely, together with the host country, and i am very confident that we meetinguct the annual 2021. it is even more important than ever it has been before, because there is now a need, when we this, to come together in a personalized way call "thecuss what we thet reset," and to find common ground, so we will come back to the annual meeting, definitely. as far as the timing and the place is concerned, it depends on the health situation, but we are very confident that, at the beginning of next year, with advances in treatment possible, possibly in vaccines, and certainly testing, we can provide a safe environment. francine: professor schwab, thank you so much for giving your time. an important message from klaus schwab, the chairman and founder of the world economic forum. countries are spend

does the workers of dayton, ohio, rather than the investors of davos. that is clear in 2016 and it is clear today. we are in an incredibly unusual economic situation. this crisis, which is not of our own union, it is the fault of the ccp, this crisis necessitates we think in policy ways that we would not have thought about just as recently as a year ago. the primary objective is to help workers and enhance wages. is a capital gains shift part of doing that? it might be. the president has made no decision. david: what can the president do to get the economy headed back in the right direction by november 3? that is a critical date. things like capital gains tax cuts will take some time. what can be done right now beyond those executive orders to get the economy headed in the right direction before election day? steve: first i would say we are headed in the right direction. that is critical. i am not making light of the challenges still ahead. i know we have a lot of work to do to reclaim the heights of the trump boom we enjoyed as recently as the early pa

i heard him speak on this at davos as well. this is to me a very natural outcome to see him join brookfield, of course, with all of their real estate properties in the heritage of toronto as well. i also think he just joined to get their seats at maple leafs garden. lisa: will you try to position for some? tom: maybe we could win the canadians are in town. what we've got right now is a churn to the market, looking at jackson hole. michael mckee with that esther george interview in the last hour, really setting up the virtual conference in the speech tomorrow by chairman powell. really quickly before we get to dean curnutt, what are you looking at this morning? lisa: i'm looking at bond yields, trying to understand how much inflation expectations ticking up says ahead of the jackson hole conference. is this a bet that they are going to be successful in igniting inflation? if that is the case, where is it going to come from? is it just printing money? tom: dean curnutt is at macro risk advisors. he does really sophisticated, fanc

areowns the world i can that's the world economic forum at davos.bsolutely owns the high ground on this. but there is something more important to talk to right, and that is they are miserable in irving, texas this morning. lisa: they are watching the storm bear down on them, which is threatening a whole host of oil reserves. let's start there, the idea that you've got these windstorms headed toward the gulf coast. how much could this disrupt oil production in the u.s.? regina: it's less of a risk on the supply side with oil production because only about 10% of u.s. reduction comes out of the gulf of mexico, and we are sitting quite pretty with regard to crude supply. the thing to keep an eye on is product supply destruction because 50% of the u.s. refined capacity comes from the texas and louisiana gulf coast, so based on the current projections with tropical storm laura projected to become a category three hurricane, you could say roughly 35% of production is in the path. i don't think it will take that capacity off-line, but there is that risk. li

emma smith davoe, our tacoma based leader of the group joins up with this very colorful woman named may arkwright hutton. she was a camp cook in the silver mines in northern idaho. in the court elaine district. she married a railroad engineer by the name of hutton and they buy an interest in the hercules mine. the hercules mine becomes the most profitable silver mine of that era. they become millionaires almost overnight. she is a very colorful figure, so you have emma, who is kind of coming out of the temperance, abolitionist, suffrage movement and you have may who comes out to this from a colorful past and together, they descend on olympia and the legislature. that is all men, of course. they work together in different ways to get the legislature to approve an amendment for the ballot. in january of 1909, the house votes for the amendment and it passes i think by 10 to 20 votes. in february, the senate votes, the washington state senate passes by a bigger majority and on february 25, 1909, the governor signs a bill to create the opportunity for washingtonians to vote for suffrage for

, to your point about fashion being function, i mean, ces, conventions, now on the wires just now, davosescheduled until early next summer, the olympics we will find out if the super bowl happens, but, you are rig right. what's the upgrade today keurig, dr. pepper, morgan stanley overweight on in-house coffee consumption. >> yesterday smucker you had duncan, cafÉ bustello, these are putting up 20% numbers, follow injuriger's. 20% growth for a coffee. what does that mean for stars bucks and kevin johnson. the foods that people really love, coffee, that's been a major come back, and, get this, peanut butter. jiff had amazing numbers and skippy had amazing numbers you can say, wait a second, is that a recession or some sort of craving? i don't know those are the two -- those are the two food stuffs that people went nuts for in a pandemic. david, i don't know. i know you never leave your house. how are you stocked for peanut butter how are you stocked for coffee >> we're good on both. >> good. >> we are good on both. >> i will tell marc benioff you're fine on that. >> thank you thank you. i

he went to davos in switzerland, he would cut that, he went to fox news that he would cut medicare, medicaid social security and it's in his budget. i think we ought to hang that around his neck. i say in the book people should step their watch for every ten minutes and say, you know, boy, it's terrible the astros cheated in the world series and medicaid, medicare and social security trump is trying to cut them. i have young kids. trump wants to cut medicare, medicaid and social security. anything you're talking about, just throw it in. >> paul, let me ask you about health care, you also talked about health care in the book. president trump proposed a couple of weeks ago that he was going to come up with a health care plan. in your book you said we need to hammer donald trump on cutting, taking away health care, explain why? >> this is why nancy pelosi is speaker again. 41 districts who had republican congressmen voted them out and put democrats in because we are the party of health care and i'm -- you know, somebody told me this, donna, i don't know if it's the public but i know it's true.

the annual conference of the world's richest is now set for -- usually set in davos has been set for the summer of 2021. >>> with college students back on campuses across the country, there is ongoing fear concerning potential new outbreaks, but a new simple test could be the answer to help control the spread of the virus. vicki wynn has more. >> reporter: ais cross country, schools reversing their decision to hold in person classes, after covid-19 outbreaks. at unc chapel hill, classes halted just days after move-in. students there not tested before coming back. but at purdue university, in indiana, an unprecedented undertaking, before all 40,000 students start classes this month, they're required to take a covid test. >> testing will be very, very important and a key element of protecting our college campuses. >> reporter: purdue is one of 65 schools working with vault health, formerly a men's health company, now offering this at home covid saliva test. >> it is a much easier test to administer. spitting into a tube, which everybody can do, even kids. >> reporter: i ordered a kit,

i attribute a lot of it to go back to the interview that president trump had with joe kernen in davos and ever since that day when they mentioned elon musk and our geniuses, that stock has only gone higher july deliveries are up 322% year over year. totally get it but just go back and look at the note that goldman-sachs put out, i think, two or three weeks ago. i think they have a sell rating on the name with a $7 price target there are two sides of all these stories and the other side sometimes needs to be spoken about as well. >> yep >>> coming up, we're getting ready for earnings from disney but will it be a fairy tale report for the magic kingdom we'll break down what options traders expect for this crucial quarter when "fast money" returns. some companies still have hr stuck between employees and their data. entering data. changing data. more and more sensitive, personal data. and it doesn't just drag hr down. it drags the entire business down -- with inefficiency, errors and waste. it's ridiculous. so ridiculous. with paycom, employees enter and manage their own data in a single

summit the annual davos has been delayed until 20 21 because of the coronavirus pandemic. intended to discuss how to shape the post virus economy. jong-unrean leader kim has returned to the public eye, theing about the economy, coronavirus, and a looming typhoon. the reclusive can -- reclusive has suffered this month after the typhoon wiped out farmlands -- massive swats of farmland. the new zealand stock exchange has been interrupted once again by a possible cyberattack with stock prices and indexes unavailable. the exchange first reported troubled tuesday when data went blank at about 4:00 p.m. it resumed trading wednesday before a similar attack saw it go off-line shortly before lunch. all three disruptions came from the same source offshore. i'm karina mitchell. this is bloomberg. shery: we are seeing a bit of a asia.picture across here is sophie in hong kong. sophie: the kospi and nikkei losing ground. the jackson hole symposium in -- the stock climbing on the back of results, plus speculation that vega could be in the running to buy light and airy a deal was covered

might be like davos.eminder, you can watch or listen to us live any time on the cnbc app, if you choose to do so. we'll be right back. >> showing the dow back on the market emerging and the s&p looks to trade in new high ground from where it is indicated this morning shares of nordstrom have fallen online business suffered because of a shift in timing of the anniversary sale revenue below expectation kids merchandize, active wear and beauty were the strongest. >> shares of hp enterprise up sharply better than expected issuing earnings and higher than analysts expected. the company's ceo on the street in the 9:00 hour in an interview you don't want to miss coming up, the fight over tiktok we'll talk to an executive over how the fight could impact this company has a huge, huge deal on the line to help artists. we'll talk about that and so much more after the break. >> announcer: don't forget to subscribe to our podcast you'll get interviews, content and behind-the-scenes content. subscribe to squawk pod tod