i did not come at this storyor originally as the story of davos or "davos man". i was in new york just in time to cover brexit. trump had been elected president, i wases finding mysef writing about this up surge of right wing populism across europe and italy and france and germany and, you know, even in sweden, this supposed bast indian of social democracy and party born in the neo-natzi movement and moved to mainstream status and writing about the breakdown of the liberal democratic order and asking how this happened. i remember i was in davos in january 2017 and at this point we're six months into the torture that'ss brexit and jump has just been b elected, and the was a sense amongst, you know, even the people i now call "davos man," the ultrare billionaires that write the rules for all of us that there heare some forces that are refashioning the global academy that we better take note of or maybe the pitch folks will show up at our doors. so davos is a bunch of things and at the intenter of the earnest program of the seminars that most of the cool kids don't

um, i did not come at this story originally as the story of davos or davos man. i mean it i was in europe in just in time to cover brexit trump had been elected president. i was finding myself writing about this up surge of right-wing populism across europe in italy and france and germany and you know even in sweden this supposed bastion of social democracy, we're suddenly this party that was born in the neo-nazi movement was vaulting to mainstream status and and i was just writing really about the what seemed like the breakdown of the liberal democratic order and asking how this happened and i remember i was in davos in january 2017 and at this point we're six months into the torture. that is brexit. trump's just been elected and there's sense amongst you know, even the people i now call davos man the ultra billionaires who write the rules for all of us that there are some forces that are refashioning the global economy that we better take note of or maybe the pitchforks will show up at our doors. and so, you know davos is a bunch of things. i mean at the center

i mean davos gonna is gonna exist as long as there's money and the real secret of davos. it's not about this program that gets covered on tv. it's about multinational companies paying hundreds of thousands of dollars in membership to cloud schwab running what it's supposed to be a non-profit and he plays matchmaker he if you pay enough you get access to these secret executive suites or the rest of the davos participants can't go you get special. that allow you to pass through into you know, the land of milk and honey where there's no journalists around. there's no regulators around schwab. make sure that you're just sitting down, you know, you can be the head of an oil company meeting the the saudi prints who has the capacity to make your dreams come true, and this is bankable. so whatever the rest of us think about davos that function is what keeps the thing going. so here's the question. are there any good guys or gals among these? davos divas that is to say do we see any reformed davos men people who are really trying to walk the walk. there are billionaires who believ

that is the function of davos more than anything.ming together of the tribe just being there is a signal of her own virtue. and then simulation of the refugee experience we can watch billionaires gap blindfolded while somebody usually get them in languages theybo don't understand to demand and then they feel great about themselves and go off to dinner thrown by a global consulting firm but then they go home but then to continue the real fight. >> because in the case of schwartzman but then to go beyond to the new york public library with those stories but when it comes to criticism or even more so when it comes to attacking their money making plans for those who compared the edge of the hedge fund loophole. >> walkg that back it did not go over so well because jamie dimon one year after he paid a big fine involving the london whale disappearance multibillion dollars of funds based on bad derivatives. right after he settled the scandal and paying other fines to sell during the mortgage-backed security crisis. i feel misunderstood and

. >> next up, davos for you, brian. i don't know if that is positive >> davos man i love it. davos >>> coming up, stock buybacks, recessions and expansion plans oh, my phil lebeau lays out the take aways from the elon musk company over the shareholder meeting. >>> and as we head to break, key money movers lyft lifting off with the rebounds volumes on track to exceed pre-covid levels going the other way. zillow shares taking a hit from the home buying business third quarter revenue falling from a year ago. expedia jumping on solid earnings more people still getting out w d traveling. dofutures up 13. we're back right after this. >>> welcome back let's talk everybody's favorite company or everybody's favorite stock. tesla. elon musk taking the stage for the shareholder meeting. ceo touches on topics from teasing the share buyback and his 2 cents on recession and potential plans for another gigafactory. phil lebeau with more on what we know wide ranging and i would call it fun sort of muskian view from tesla. >> he wasn't negative. he was even keel you never know what you get wi

into them and they're put upon with the people and represented by people from the united nations and davos and ruling class of the united states and all the money is going towards them making people richer and need two weeks to slow the curve and they're saying it we give them a couple more trillion or billion dollars and save the planet from impending doom now and those are the folks that benefit from this and healthcare and none point-blank layupses to inflation and to the point that clip you pled, democrats are super embarrassed and even cnn is wondering, couldn't we have picked a better name and it's worse branding than the patriot act. james: yeah, on this issue of the special interest who pushed alternative energy, maybe we shouldn't just pick on bill gates. i mean, it really is a very popular investment among the richest people in the world, bezos, michael bloomburg. this is beside sort of offending taxpayers, which it should, there's also this question if all of these well funded -- the best funded people in the world can't turn these things into winners, what is that telling us? t

serhiy, you know, oxygen doesn't always say the right things, let's remember his recent statements in davos, when he called ukraine to cede its lands in order to stop the war, then he was sedated all over the world and said that he is a sold-out pro-russian politician, maybe this affected his er rhetoric on his er for a change his views, but what he actually says, well , i don’t see the secret of polichenel, to be honest, and i don’t understand whether any western politician who is friends with the head, as they say, and seriously evaluates the situation, can say that ukraine is not ready to membership of nato i think that uh today uh there are very few armies in nato that are able to grow up to the level of the armed forces of ukraine in the sense of not theoretical developments and computer games but the practical use of weapons on the battlefield and if i really had these weapons and here i also have to say that we should ask ourselves why we don't have missiles and we should ask this regularly and give honest answers if we had normal weapons of the modern level are enough. believe me, i

contest in 2016, and thanks to the ukrainian economist bohdan havrylyshyn , the world forum appeared in davos this year, our the athletes had to answer about ukraine boxer oleksandr usyk defeated ex- world heavyweight champion anthony joshua for the second time last year usyk took four championship belts from the englishman thus musyk became the absolute world champion in boxing in the first heavyweight is the heavyweight world champion and european the women's chess team also surprised this year's champion five ukrainian women won the chess olympiad this year ukraine finished the tournament without a single defeat with seven wins and four this is the second gold medal of the women's team of ukraine at the chess olympiad in the history of ukraine, the best result in the history of ukraine was shown this year by the paralympic team of ukraine at the paralympics . so athlete serhiy bubka set a world record that lasted 26 years, he was world champion 10 times in his career, and vladimir and vitaliy klitschko are both known as the kings of boxing former heavyweight boxing world champions, they we

his rivals, yukon, of publicly, criticized to move at the world economic forum in davos, 5 months before the election. the communist party leader took to the stage with a decidedly anti capitalist message. mister zagan off, would you support a reconstitution of the soviet union? ah, it's got good there, but any of that, okay, but just get the g. you can see how much the court there is for this idea of the immediate, the u. s. c. has been practicing privatization for almost a 100 years through studios, and we're supposed to catch up in the space of 2 years old boy thought the simple truth has been forgotten, hopelessly privatization, but it is, of course, to make a company brighter, better look through the chief corresponding prophets. so the word privatization is out of place. but in that long but it with you cure in simple mrs. bruce and destroys the production. make sure you are a little shania, but a lot in the bud you cannot to be on the international stage, was the success to yeltsin an affront. as the 1st post cold war president he saw the west is his domain. and the key ally in th

and here is an area of ​​about 80 hectares. it weapons are prohibited from the davos convention, and that all mines of this type have been completely eliminated, reported to the un now, when they are used, they are completely visible on the cassettes, and serial numbers can be traced on the mines themselves. uh, it's clear that this is from ukrainian warehouses. e. well, in principle, now they do not hide it. each time, local authorities warn city residents about dangerous areas where petals are found and urge them to stay at home during mine clearance, but people have been for 8 years, living in military conditions, it seems they are used to this, and you are not afraid to work like this, knowing that anti-personnel for believers are scattered everywhere here. i am not afraid of anything. the lord god will save, of course, only in this way evgeny golovanov and andrey tkachenko ntv donetsk people's republic it all happened this morning near juncoin, according to the ministry of defense, the fire started on a temporary the military did not suffer the damage was caused by a civilian fa

that will get you a standing ovation at davos. what does it do for the average family where i grew up in dorchester? >> well, john, you and i know dorchester well. you know what it's going to do? it's going to save those families who live in dorchester money. we are talking about opportunities here, not just for families to save money but also to advance that job growth here, to provide stability, energy reliability and security. this is a way for us to expand domestic production, manufacturing in the united states again, of all the new technologies and products. this is really quite ground breaking, in fact i'd call it historic. whether it's as big as 2004 for the red sox or not we can debate, but this is pretty amazing opportunity for the united states to lead again in climate. but more importantly, to really serve the people here. this is what president biden's vision has always been. it's all about people and making sure that people benefit from every step of the way. people, labor, workers. this is what it's all about. this i

>> world economic forum are unelected group meet in davos and make decisions for us.ation and ride shares on a global basis. we don't need vehicles. make us share them. makes me think, if i use my bed eight hours a day, will someone use the other segments? same mind set. if you're only using it 4% you're not polluting that much. charles: you think they will share all the private jets maybe instead of flying in 70 of them to introduce get on one commercial plane? >> that will never happen. they have the private limos that idle awe h all day long, with private drivers. that is okay for them. not for you. this is the mindset of the video gone viral people don't realize this is their actual goal. comments have been quite intense may i add. on a global basis, it may work fine in the uk if you live in london or you live in some city but here in the united states it does not work. >> no. >> right now consumers need their cars for transportation to get through life. there are some people that said they were veterans, disabled, they had you know six kids. you can't borrow a ca

recall the recent speech of george soros, one of the main apologists for the democratic party at the davos the members of the supreme court united states appointed by president trump by extremists, that is, to a similar degree. wait, but really there was no time. e civil war on the ancients in all you still agree. you know, i must say that when in 2008, after a rather long break, i came to work with a professor visa in 1991 in 2008, i came to work. the first thing, of course, struck me. it seemed to me that i was at the beginning of gorbachev's perestroika in the soviet union, and then i turned attention and spoke to all those with whom i spoke. i say, listen, when i watch fox a, then m cis i have the impression that there are citizens in the country there is a civil war going on to me. uh, jim collins was an ambassador here, and then he worked at carnegie. well, many others say, well, you know, this is not enough rhetoric. so, nothing of the sort. since the eighth year, 12 years have already passed, the situation is breaking down at a catastrophic speed and people have already reached suc

administration, many of whom resigned, supposedly, in disgust on or near shortly after january 6th, betsy davoso, others. what happened to their records? is it routine that cabinet level officials resign and somebody just, you know, wipes their phone as if they were like the supervisor of the motor pool, or something? it's ridiculous. there needs to be an investigation to see how members of that administration are living up to, or not, their responsibilities to preserve their records. >> diggin in more, around the pentagon surrounding the capitol, this is a testimony from former acting defense secretary chris miller about any plans to have troops deployed on january 6th. here it is. >> obviously, i had plans for activating more folks, but that was not anything more than contingency planning. there was no official message track or anything of that nature to -- >> just so we are clear, you did not have 10,000 troops, quote, to be on the ready, for january 6th? prior to january 6th? >> a non military person probably could've had some sort of weird interpretation, but no, to your question. >> why i

class americans, seniors on fixed income behind sos that these progressives look great when they go to davos, switzerland. now lhe, seven former so-called republicans took l to msnbc tooo deliver quite the unhinged rant today. we've left the republican party because it has gonege so far to the extreme right to where i believe the neo fascist party. now we are two elections away from losing our entire democracy. it starts in twenty , twenty two . and god forbid we have i another trump in 2020 four. once you lose that, you're not l getting back . >> congressman, these are the people who refuse to accept the results of democracy when they lose. yes. so these are the people who have traded their party's platformd th for a lie. l i'm notiv surprised that americn firstot candidates are winning. no one should be surprised by that because they are wanting to put america first and get our country back on trackri . that is what is most important and it is not extreme. it is notno far right to want to do the right thing..ri it's okay to sayght th thatin is wrong to mutilate our children. it's okay to s

charles: you talk about the davos folks.in and the decentralized revolution >> i love this question, charles. absolutely. bitcoin is the only form of money which is truly decentralized. it empowers not just money but empowers decentralized money. bitcoin is trustless network you don't have to put your trust in any centralized entity whether a central bank. bitcoin is the mentality which i believe that empowers. charles: i do got to go, last couple times you got on you got energy, not rambunctious, not telling me 100,000 u.s. dollars a million u.s. dollars. what is up with that? is it still going to the moon? >> oh, it is still going to the moon. i'm still very bullish but also realistic. we are in a bad market. no, i don't think we'll see one million dollar bitcoin tomorrow or 100,000-dollar bitcoin tomorrow but yes in the next 10 years, 100%. bitcoin is up 400% in the last two years i'm always realistic. we're in a bad market. charles: holding up well especially breaking through 24,000. always a pleasure. talk to you real s

. >> and you thought that because the davos people and our own leaders assured us of that forot decades they told us that green energy was the future and the future becausers is her. it's here. as recently as last month, ecz the world economic forum claimed that europe could save, $1 te,em -- one trillion in fosl fuel costs by switching to renewables. but it turns out and this may not shock you, they had no clue what they were talking about.ab. they knew nothing about the subject, the subject they talked about endlessly. green energy cannong they t repe fossil fuels. not now, not any time soon.eplae fossil fuels remain what they have always been the key to civilizatio remain. that is true now that has been true since homo erectus startede the first cooking fire in a cave nearly a million years ago. earlyso-called green energy is t close, is nowhere nearnowher replacing gas and oil and coal. it's measurable. we could have known this. anyone with 8th gradeoal. math skills could have figured oud have ft in about ten minutet we cannot replace fossil fuels with renewables or green energy. re

positions being removed and they are beating shareholder demand had we see that fruman the road to davo's still booming in the us and we look at the numbers, but earnings this week, forecasts are pretty good. you see finding in place, a company that just got $1 billion in funding. they announced it. there are still pockets of activity but we have to balance what is real versus what is in the data and what the fed does this week. neil: one of the things i have noticed, not that things have changed about it backs up a lot of workers who used to call the shots but the underlying job market is strong, layoffs notwithstanding so i am wondering if we are overstating it or if it's just getting back to more of a norm, not to a stagflation. >> when you look at new job creation we are at 3.5% give or take but what is concerning is the workforce participation part of that equation because we are below pre-pandemic rates. when we double click that number, the younger cohorts of the workforce population, that are not engaging or getting back into productivity. that's a long-term pipeline of having a w

yes, i remind you that i pressed the red button back in my day, kissinger was in davos.n, this story has been going on, that is, to the west, e does not allow ukraine to negotiate. for one simple reason. well, ukraine is now in a weak what a weak general in a minus position. this is where the stories came from. it's all about negotiations from here . there was a story with a counteroffensive that did not take place on the contrary. if there is time, i will tell you what is happening on our fronts in the nikolaevsky direction, our offensive is already underway today, and when it became, it is clear that in no sector, uh, of an extended front. there is no possibility. uh, even a provocation, uh, with the help of the army to arrange, they switched to a different method, because every day they need to inform the public about the victories, uh-huh. here drone in sevastopol this is a victory. uh, dzhankoe this is a victory. and most of all, i don’t know if it’s sad or not, but the fact is the fact of the terrorist attacks that they commit in the liberated territories. i said t

tom: what harry and liam did when we met in davos. jonathan: that was one direction. tom: when i first saw you from across the room i could tell you are curious about euro swiss. i hope you are short what you are looking for, because the dow jones industrial average. kailey: do you have harry styles tickets for the weekend? tom: i go in one direction. kailey: that was good. jonathan: futures down .8% from new york, this is bloomberg. ♪ ritika: keeping up-to-date. fed officials offering mixed signals about the next interest rate increase. the meeting set for september 20 one of the most hawkish policy, james bullard, backs a big move to another 75 basis point height. kansas city's was more cautious saying the fed has already done enough tightening. stakes rose for the g20 summit in bali, it came from the indonesian president in and interview with the bloomberg editor and chief. >> i know you have invited president xi jinping to come to the g20. has he said he will come here in november? >> yes. xi jinping will come. tom: has -- >> has put his putin? >> president putin

. >> i know, but you're not going to davos anymore, anytime soon to talk about these things on private phil >> okay. >>> coming up, wall street looks to return to the five-day in-person workweek with at least one firm dropping many covid protocols. check out shares of bed bath and beyond, ahead of a strategic update to investors, announcing it secured $500 million in new financing, that it's going to lay off 20% corporate stock and close 150 stores you're watching "squawk box" on cnbc his, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them. that's the value of ownership. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. online sports betting to fund real sol

in these plans, the role of consumables, living on the basis of the religious slogan of davos put forward a couple of years ago, i quote by 2030. you will have nothing and you will be happy. sometimes it is difficult to get rid of the idea that the company of russophobia deployed in the west solves the same problems of limiting mass consumption and the birth rate so that the tops, what is called it was easier to breathe. that is, today european and american citizens are called upon to abandon the heating of personal vehicles in the name of solidarity with kiev neo-nazi regime, and tomorrow they will most likely be told that the fight against russia or , for example, against china requires the establishment of a total transhumanist dictatorship. we have to take into account that the euro-atlantic elites have looked at the world for too long as their undivided patrimony. they will not give up this habit voluntarily. the west is weakening and stumbling. well, that's all, it still seems to be very powerful. according to our data, the white house seriously plans to either animate and even stre

ah, some early approaches to the postures of global democracy as seen by the leaders of the davos consensusharare what i wrote from painter. this is a very radical leftist journalist. eh, a futurist, a political scientist, but nevertheless a harari, really from the circle of a schwab. this is very interesting. but e democracy in the form in which it existed. e, in until very recently , including existed after e, world war ii the war was really based on some religious, and in many respects christian and christian traditions hmm, the roots reflected antiquity there in the form in which it was understood, and not in the form in which it actually existed. we mean, now i think it's time to formulate a new democracy. well in quotation marks democracy is what will rise up people who fit perfectly into what is called gnostic cystic e democracy, i.e. democracy completely, not anti-religious fully cognizable but cognizable theme, i mean it's a democracy of a controlled humanity a democracy of a segregated controlled humanity in which well to put it mildly, there are some small number of people who go

. >>> you might consider your car an absolute necessity, but the world economic forum, the davos people the story next. ♪. moving forward with node- positive breast cancer is overwhelming. but i never just found my way; i made it. and did all i could to prevent recurrence. verzenio reduces the risk of recurrence of hr-positive, her2-negative, node-positive, early breast cancer with a high chance of returning,... as determined by your doctor when added to hormone therapy. hormone therapy works outside the cell... ...while verzenio works inside to help stop the growth of cancer cells. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happe

he was at davos and used to be in media and one day he lands in japan and he's arrested and we find outt he's a greedy dictator and commits all of these crimes and 13 months after his arrest, he is facing four charges, up to 15 years in jail and he basically one day just leaves his house, he's on bail and in this kind of amazing escape, manages to get to lebanon in a musical instrument case. so that is where he's been living for the past two and a half years. lebanon does not extradite and he's still out there living as an outlaw. >> still a fugitive. so how did this high-flying executive end up inside of the musical instrument cases. what did he do? what were the charges against him in japan and he's clearly so desperate to get out of that country? >> well carlos ghosn was facing two main charges. one was related to alleged plans to defer his compensation for a number of years until after his retirement, and the second bigger charge was an allegation that he took kickbacks from a nissan and renault dealership to the tune of several million dollars. and it was after the charges on the a