tom cole and francine laqua fantastic in davos.m quoting from the finance minister around unicredit's takeover attempt or at least building up that steak and commerzbank. you competitiveness with ukraine and of course the elections and the politics domestically of germany as well. plenty of interview still to come from davos today, including with the ceo. u.k. chancellor rachel reeves as well. ukrainian president volodymyr zelenskyy will talk to us. the president of jpmorgan chase in conversation with bloomberg. nasdaq ceo adina friedman as well as former u.s. secretary of state, john kerry. you won't want to miss any of those interviews. coming up, commerce bank ceo says the german lender has eyes on various potential smaller deals to create value for shareholders. but speaking to us at the world economic forum in davos, the bank won't do anything stupid to fend off that potential takeover by unicredit. >> what do we do, we really focus on our own strategy. we deliver the results, we are now heading our capital markets at february

i'm joined from davos now by david bach, president of imd business school.ts but also rolling out executive actions which would essentially make it easier to ignore environmental rules to help get business deals done and how much of a concern is that for certainly outside of the us companies? it certainly outside of the us companies?— certainly outside of the us companies? certainly outside of the us comanies? , , . ., companies? it is very much a concern and _ companies? it is very much a concern and in _ companies? it is very much a concern and in many - companies? it is very much a concern and in many ways . companies? it is very much a i concern and in many ways being here _ concern and in many ways being here in— concern and in many ways being here in davos is a split screen experience and doubles epitomises globalisation with people — epitomises globalisation with people talking together on challenges of cyber security and biodiversity and the responsible roll—out of ai and on the — responsible roll—out of ai and on the other side of the atlantic you h

welcome to davos.s great to see you. >> thank you. >> that is the standard charter chairman jose vinals with me at the desk. you can check out the latest on our blog. head to our web site. >>> we will hear from takeshi niinami from ry. stay with us. we're back in two minutes. for nearly 200 years, big beverage companies have been selling us billions of single-use sugary drinks. using the same old one size fits all playbook. until now. meet cirkul, the beverage platform of the future. these fully adjustable flavor cartridges let you customize your water with the exact amount of flavor you prefer. transforming water into your favorite beverage. finally, water is your favorite beverage. cirkul - your water, your way. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our inco

davos. we bring you interviews with key leaders. happy tuesday. wrongfooted, whipsaw, take your pick. this is the name of the game, volatility for the markets. european stocks pointing lower by .3%, close to .4%. lines on potential tariffs for mexico and canada but nothing concrete on the tariff front and china so far out of the crosshairs. so far. we will see how that changes. ftse 100 futures pointing to modest losses of about .1%, s&p looking at modest gains of about .1%. you have the dollar up, yields down. we will see to what extent that divergence continues. treasuries are big, yields are down. the pound in focus, 1.22 as we lead up to jobs data at 7 a.m. u.k. time. wages expected to go up but not the real plans for the boe. the pound currently weaker by .4%. brent $80 a barrel and bitcoin dropping below the record high of 108,000 yesterday, currently at 101,000 dollars, down 1%. donald says he plans to announce tariffs of as much as 25% on mexico and canada as soon as next month. he s

this is a different davos. >> it is.rowth is topping the agenda and practical approaches are topping the agenda. it is a different year. jonathan: what has changed? at head of this event we saw some various companies coming -- pulling back from de i initiatives and distancing themselves from espn at zero. what is the hind that, one man and one shift? becky: it is a shift on how people think about the workforce. the truth remains, diverse talent joint -- drives better results. i think as we talk to companies they are saying that we will not lead with it in terms of marketing but we will still do some of it behind-the-scenes because we still need workers in the workforce and we are not getting a new population. lisa: there is a question about immigration and how much of that will up end what you track, a labor market in the united states, how much of that is top of the agenda for people you speak with? becky: really not at the top. if you think about the labor, it is a lot of jobs that were historically not tracked in bls

i'm sarah eisen live from davos, switzerland. you again. >> nice to see you. >> i was talking about the optimism that i think is palpable here on the ground around a new trump administration. for you, did you expect it to yield higher kump er consumer confidence? >> i think the trump administration is going to be pro growth. it's going to help consumers feel better. i think consumer confidence is a factor. and also for us as companies, deregulation will help us, hopefully, you know, there's a reduction of taxes, as well, that would help us operate more efficiently in the u.s. the u.s. a critical market for us. everything that happens in the u.s. impacts pepsico on a grand scale. >> where do you think deregulation will help? >> i think deregulation in general is good for business. we're having too many bottlenecks for expanding our business in some particular areas, from permitting to others. i think reporting is also an opportunity as we simplify our company. so we believe that deregulation will help us be a more efficient compan

whenever world economic issues are discussed at davos, a lot of attention would be on china. here taking this opportunity i'd like to share with you some of the major trends that counterrice the chinese economy. the first major trend is that high quality development is making solid progress. this is a big highlight of the chinese economy. over the past year, the chinese economy made steady progress while maintaining overall stability. china's g.d.p. grew by 5%. one of the fastest among major economies. in response to the head winsdz and challenges krobtsing china's economy, we stepped up measures and in particular intensified efforts to introduce a package of incremental policies that effectively boosted the stock markets, improved market expectations and restored public confidence. as a result the economy has rebounded and turned for the better. the headwinds encountered by the economy of china are due to both the external environment and temporary pains brought by our own economic restructuring. we have persistently promoted high quality development, new business sectors, f

we will be live at the world economic forum in davos all of this week.ng the key guests joining our coverage include central bank policymakers, the south african reserve bank governor, the bank of france governor, the bundesbank president close cannot --klaas knot, they smb chairman, all the movers and shakers right here on bloomberg tv. here on bloomberg "daybreak: europe", coming up, legal ai startup luminance is hoping to continue the momentum it started in 2024 by expanding its presence in the u.s. we will speak to ceo eleanor lightbody exclusively next. this is bloomberg. ♪ lizzy: 6:46 a.m. in london. i'm lizzy burden in dubai. this is "bloomberg daybreak europe." welcome back. cambridge-born legal ai company luminance has seen its corporate customer base more than doubled since the start of the year. the firm is announcing new offices in san francisco and toronto after tripling its u.s. headcount in 2024. i'm pleased to be joined now exclusively by eleanor lightbody , ceo of luminance. great to have you with me. you have just opened new offices in

the world economic forum in davos this week as donald trump settles into the oval office in washington. speaking in davos, the european commission president, ursula von der leyen, said europe has entered a new era of harsh geostrategic competition, with president trump playing a protectionist game. last night, the president suggested 25% tariffs on the united states�* neighbours canada and mexico. he also confirmed the us will pull out of the global paris climate agreement. ms von der leyen criticised the move. the criticised the move. paris agreement continues to the paris agreement continues to be the best for all humanity. so europe will stay the course and keep working with all nations that want to protect nature and stop global warming. let's hear now from trade expert allie renison. she is associate director at sec newgate and formerly a government special adviser and head of eu and trade policy at the institute of directors. good to have you here. there is so much i want to talk to you about about what we have heard from president trump. your focuses trade. what did you hear, if

mike: that was sarah frier from davos.ing up, margaret o'mara, professor of american history at the university of washington will join us to discuss the ties between tech and policymakers here in washington. this is bloomberg. ♪ ♪ the future of cool, comfortable sleep is here. introducing the new sleep number climate cool smart bed. the only smart bed in the rld that actively cools and effortlessly adjusts to both of you. sleep up to 15 degrees cooler on each side. it actively cools by drawing warm air away from your body, to keep you cool and comfortable throughout the night. our smart sleepers get 28 minutes more restful sleep per night. and now, save 40% on our new special edition smart bed. shop a sleep number store near you. (♪♪) caroline: this is "bloomberg technology." check out the "bloomberg technology" podcast on apple, spotify, and iheart. this is bloomberg. ♪ >> one of the things we shared his we are moving away from the way we were utilizing third-party independent fact checkers and moving that to a community

i want to talk about davos cinnamon it, can you talk to us about your outlook for a.i. trump of administration. >> thank you for having me on i think first and foremost everyone that i'm talking to the tech community and myself included seen this firsthand is extraordinarily excited by president trump addressing and drawing attention to an energy crisis that not many people were talking about before yesterday when he announced this is a real big problem in different want to win the race on a.i. and defined what the future looks like on robotics we have to make sure we take this very seriously right now. >> what about the idea of this position that's been created is that a good thing for you and your industry? >> this is the first time as silicon valley has headed to d.c. in such a long time and what's exciting i was with david sachs talking at the summit in september and we talked about the technology and how it's changing the industrial and government spaces and david sachs is the right person that we need right now he's well-balanced thoughtful and wise he will draw a

let'sfr start again from davos, switzerland and uphold the right process.m open inclusive developments and then pestering the best feature to concluded i wish that any reading posting stuff and thank you. [applause] [applause] [applause] [speaking in native tongue] >> insights into chinese policies and statements of china economy. the me follow-up with one or two questions.s. first, we are now in kind of a reshaping. ... does china actually fuel its role in shaping the global order among the rising tensions which we have? and what would be actually the consequences of a world falling apart the world is falling apart into two different systems short-term and long-term what should be done to such a scenario professor, your question reflects the international communities interest in china's role also concerned may spread your two separate systems that an international order what a person says and does tells you what that person is. what c chinese leaders and chine people have said look at what the chinese people have done after that major country and the build

the world economic forum be gives in davos. earnings from netflix. christine lagarde in davos.rsday, donald trump remarks from davos, virtually. earnings from verizon. a rate decision. we are looking at 30 year mortgages over the last six months. rates remain elevated at 7% despite rate cuts. we will keep an eye on that. from new york, that does it for us. same time, same place next week. ♪ >> welcome to bloomberg markets. i'm sonali basak. the u.s. supreme court has upheld a law that bans tiktok. updates continuing to come out of washington around the story. we will bring you the latest. first, check on markets. s&p 500 is hitting a session high just a moment ago, firmly above that 6000 level. the last day of trading before president-elect trump begins his next term. it

, switzerland, your theme at davos really is about ai.boration for the intelligence age tell us how using ai to tranquilize form the way customers work. >> yeah high cheryl, there is definitely a ton of excitement about ai this year ai that can orchestra work, that is mission critical, and two years into ai being, top of the agenda, here, we're starting to see companies with real ry in transformational cases customers here qualcomm, goldman sachs, salesforce to outcomes promised a lot of hard work but definitely possible. cheryl: , accenture, our list of clients laundry liz of fortune 500 how are they taking on ai. >> doing it top-down and bottoms-up, and i think ai is a team sport companies have earned it learned it early, early on, meeting a lot of executives are have not gotten roi the frank message you need help not doing it right you he no if not getting kinds of transformational cases really able to -- empower the actual employees, who nohow business acumen business we need to build sophisticated applications to inspire with what jo

welcome back to davos, mr. president. [applause] pres. zelenskyy: thank you so much. ladies and gentlemen, i want to talk about the future of europe with you, which basically means the future of most people here. right now, all eyes are on washington, but who is actually watching europe at the moment? the key question for europe and it is not just about ideas, it is about people first of all. about how they will live in a world that is constantly changing. 20 hours ago, president trump's inauguration took place in washington and now everyone is waiting to see what he will do next. his first executive orders have already shown clear priorities. most of the world's thinking what's going to happen to their relationship with america? what will happen to alliances, to support, to trade? how does president trump plan to end wars? but, no one is asking these kinds of questions about europe. and we need to be honest about that. when we in europe look at the united states as our ally, it is clear they are an indispensable ally. in times of war, everyone worries will the united

at the world economic forum and davos, switzerland.his is about 25 minutes. >> thank you so much ladies and gentlemen. it is a pleasure to be here. for all those who are in the audience just a note before we begin, we are recording this for a show on cnn. so if you could not make any allowed demonstration of approval or protest. either way we need the opportunity to be discriminated in that regard. we have a rare and important opportunity to have a conversation with the president of israel.

let's start again from davos.phold the right parts of multilateralism, promote open and inclusive development and jointly usher in a better future. to conclude, i wish the annual meeting full success. thank you. [applause] >> thank you, advice premier ding, forgiving us a very deep and comprehensive insight into chinese policies. and the status of the china economy. let me follow up with one or two questions. first, we are now in a kind of reshaping of the global order. and my question would be, how does china actually fuel its role in shaping the global order among the rising tensions which we have? and what would be actually the consequences of a world falling apart into two different systems, short-term and long-term, and what should be done to avoid such a scenario? >> professor, your question reflects the international community's interest in china's role and also concerns shared by the international community about the international landscape. the worry that the world may split into two separate systems. on

let's go back to davos.ult year for india with slowing growth, tight liquidity and muted corporate investment. to talk about all of that and the impact on india's banking system, i have the ceo of axis bank, amitabh chaudhry. but their largest bank in the country. 6.5% growth. it just doesn't seem like it is good enough. amitabh: it is lower than what people were predicting earlier. our economists think we can hit close to seven what has happened in the first half of the year, that was a bit of a surprise. not expecting it to be what it turned out to be. a combination of other things that you mentioned, plus, the fiscal and monetary tightening has had an impact on the growth side. liquidity going away, inflation has not also helped. but i think you'll see capex coming back gradually in the second half. it should play well for the next financial year. but the macro right now as it stands looks tough. why then we can push our way through and take the gdp growth to higher lands or get stuck in a zone is somethi

olaf scholz united states and the trump ministration during the marks the world economic forum, in davos, switzerland the rents about 30 minutes. [applause] [applause] [applause] [speaking in native tongue] >> it is in great honor and pleasure and is welcomed it. chancellor olaf scholz it to know that you are containing at the moment and we will you have taken some time to come here to davos, switzerland. to be present here in the out the timing is especially important. germany is the third economic power biggest add important sector for your great ladies and gentlemen, the chancellor of germany olaf scholz sina. [applause] [applause] [speaking in native tongue] >> presidential vladimir and ladies and gentlemen, one of the current noble price and economic sciences and yes he does this question why some countries are prosperous and others art pretty when keeps finding us that in te long run, the path towards prosperity leads by strong and trustworthy institution. and so much on and of course is no coincidence that i quoted here today and especially it is dynamic era and is important that

we'll come back to davos, mr. president. >> thanks soch much.men, i want to talk about the future, the future of europe. which basically means the future of most people here right now all eyes are on washington. who's actually watching europe at the moment? and key question for europe is not just about ideas, it's about people. it's about how they believe in a world that is constantly changing. to place in washington and now everyone is waiting to do next. first executive orders have shown clear priorities. most thinking what is going to happen to the relationship with america? what's going to happen to alliances, to support, to trade? how does president trump plan to end wars? but no one is asking these kinds of questions about europe. we need to be honest about that. when we europe look at the united states and our ally it is clear they are in indispensable ally. in times of war wars with the united states, stay with them? every ally worry about that. but, does anyone in the united states worry that europe might abandon them someday? might sto

it starts on the grounds of davos talking to the ceo of pepsi and gap and more.ng us. much more on the inauguration of donald trump and his administration here on cnbc. >>> good morning. welcome to a special edition of "squawk box" live from davos and washington and we have reaction from policymakers around the world. it is tuesday, january 21st, 2025. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick live from washington, d.c. and andrew ross sorkin is live from the world economic forum in davos. andrew, this is a big show. i don't know about there, but it's pretty cold here. what's happening in the swiss alps? >> not as cold here. we were watching from davos throughout the day during what was some pretty incredible coverage of the inauguration. of course, that by the way is the topic at the world economic forum. you can't go anywhere without anybody talking with it. we are here in davos. nearly 3,000 business titans, politicians and heads of sta

trump is expected to speak at davos via video later this week.t is he expected to tell the business community? >> it is very early days in the u.s. america is and always will be our close of the partner. our largest trading partner. it's very important whoever the president is and whoever the administration is that we work closely with them. i mean, clearly, one of the things we don't want the president to do is introduce tariffs. tariffs would be very destructive to trade. i think anyone would say that. that said, you know, the administration is still shaping and many of the appointments have yet to be confirmed by the senate. the way the u.s. works until you know who the team is, you don't know the policies. i suspect when we hear from the president later in the week, he will be his usual bullish self. what we want him to actually believe in open markets. we don't believe in the united kingdom and protectionism. we believe we have to be outward facing and we want the u.s. to do that. that's what we want the president to do. >> let's see what he

to davos and former football star david beckham is making his debut at the world economic forum.tarian award for his work with the un childrens' fund unicef — and spoke about the importance of his charitable work with children. the bbc�*s economics editor faisal islam caught up with him after the award ceremony. it's incredibly humbling to get an award for something that i've been so inspired by over the years, you know, working with unicef is one of my most important things, most important aspects of my life so to receive an award for something that i enjoy doing, i get inspired by is incredible. it's my first time at davos and to be here for a couple of days or this whole week that people are here, that leaders are here, that very important people are going to behere this week that can make change, for me to be here for the voice of children is really important. before we go, a recap of our top story and on his first full day in the white house donald trump has beenjoined by the bosses of openai, oracle and the japanese investment fund softbank. they have announced plans for a

meanwhile at the world economic forum in davos, the european commission president, ursula von der leyenurope has entered a new era of harsh geostrategic competition, with president trump playing a protectionist game. the director general of the world trade organization, ngozi okonjo—iweala, also speaking in davos, says she favours a "calm" approach at the start of the new trump presidency. my attitude and approach is, "keep calm." let's see what policies are actually enacted and implemented before we get over—excited. that's the first thing. you know, cautious optimism. i know it's coming down and tariffs will be pronounced, but look at what is being done first. let's go live now to our north america business correspondent, michelle fleury. world leaders all trying to work out what this means for them, but it will be felt particularly acutely, mexico and canada first in the cross hairs of that trump administration. i hairs of that trump administration. ~ , ., , administration. i think people will be surprised _ administration. i think people will be surprised there - administration. i t

speaking in davos, the european commission president, ursula von der leyen, said europe has entered atectionist game. last night, the president suggested 25% tariffs on the united states' neighbours canada and mexico. he also confirmed the us will pull out of the global paris climate agreement. ms von der leyen criticised the move. the criticised the move. paris agreement continues to the paris agreement continues to be the best for all humanity. so europe will stay the course and keep working with all nations that want to protect nature and stop global warming. let's hear now from trade expert allie renison. she is associate director at sec newgate and formerly a government special adviser and head of eu and trade policy at the institute of directors.

it's my first time at davos and to be here for a couple of days or this whole week that people are here that very important people are going to be here this week that can make change, for me to be here for the voice of children is really important. before we go, a recap of our top story and on his first full day in the white house donald trump has beenjoined by the bosses of openai, oracle and the japanese investment fund softbank. they have announced plans for a huge new us artificial intelligence infrastructure project that could see ioos of billions of dollars pumped into the technology. and that's it for this edition of business today. thanks for watching. hey, i'm lucy with the catch up. tonight — trump's back in the white house, elon musk faces backlash and a deadly fire in turkiye. it's donald trump's first full day as president for the second time, so let's talk about what he's done so far. he's pardoned many of his supporters who were arrested in the capitol riots in 2021. he's asked for the cost of living to be addressed. he's declared the es will only recognise two sexes — ma

the chancellor will arrive in the swiss town of davos today for the world economic forum, where she willd investors from around the world. 0ur economics editor, faisal islam, is in davos. it's going to be a turbulent start to the markets this year, not least because of what has been happening in america and speculation about the trade system. the uk's also been caught up in that. this is a great opportunity for the still newish government to present itself and its plans, particularly to convince the world that britain is a great place to grow businesses. that has been in doubt because of some of the decisions around the budget, but she will want to appeal here directly to the big international investors. and she was helped by one of britain's biggest banks, barclays, saying that they are very optimistic about growth, not necessarily the story we have been hearing back home, but she will also be meeting with those big investors. the message i'm hearing privately is that, yes, the uk has a lot of assets economically and the government has put in place what they say is a kind of stability.

and not get it done because of course maga is the enemy of what we will i what i would like to call davos of the european goal was to have a, a much different agenda for the future. and donald trump is, of course on stock and all to that. so that, and once we get into that, that can of worms, it opens up a lot of, of real, real complications. it didn't have or difficult to explain to the average person to the average your so well i well it's, you know, what i mentioned, steve van and e, one most good. mean? it's not a bad thing that they're in the same uh, movement. any actually can be good because we need very vigorous debate. that's one of the reasons why the, the democrats were said packing and hopefully packing for a long time to come. but steve, i mean there, when we look at like the visa controversy and all that, i mean very diverse views and very passionate views as well. um is that, could it be something that's gonna be debated within this administration or one side house? the wind over the, the other like on the issue of tariffs, go ahead, steve and nashville. i think it does mea

to davos and former football star david beckham is making his debut at the world economic forum, he wase un children's fund unicef and spoke to economics editor. fist unicef and spoke to economics editor. �* . , , unicef and spoke to economics ednon . . ,, , editor. at incredibly humbling to net an editor. at incredibly humbling to get an award _ editor. at incredibly humbling to get an award for _ editor. at incredibly humbling| to get an award for something that i've been so inspired by over the years, you know, working with nsf is one of my most important things, most important aspects of my life so to receive an award for something that i enjoy doing, i get inspired by is incredible. it's my first time at davos and to be here for a couple of days or this whole week that people are here that leaders are here that very important people are going to be here this week that can make change, for me to be here for the voice of children is really important.— is really important. david beckham _ is really important. david beckham there. - is really important. david beckham there. before l is

at the world economic forum and davos, switzerland. this is about 25 minutes. >> thank you so much ladies and gentlemen. it is a pleasure to be here. for all those who are in the audience just a note before we begin, we are recording this for a show on cnn. so if you could not make any allowed demonstration of approval or protest. either way we need the opportunity to be discriminated in that regard. we have a rare and important opportunity to have a conversation with the president of israel. who has become a legendary figure in israel. it is fair to say managed to take the office of the presidency give it a certain moral weight that it is not always had. it is a huge pleasure. thank you so much for joining us. >> is a pleasure to be here. >> we are what is it now, one year three months from the start of the october 7 war, the attack which triggered the war. it seems to me the israel situation today has utterly transformed. hamas is in very bad shape with leadership has been largely destroyed. the leaders who planned the attack of been

we're taking you to davos, switzerland this week. will be live from the world economic forum tomorrow and thursday. don't miss i you're watching "mornings with maria" live on fox business. ♪ (♪) i don't play for money. before my mom passed, she told me to play big— play for something bigger than myself. now, my ambition is to play so i can help and inspire others. that's why i joined sofi. they help people save, spend, earn, borrow, and invest toward financial independence. so they can realize their ambitions. no matter what they're playing for. sofi. get your money right. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did som

i'm joined now by mirek dusek, the managing director of davos 2025, at the world economic forum.in the title. are we right in assuming it's about al?— are we right in assuming it's about al? , ., , about al? the theme is really dra: tlnt about al? the theme is really dragging two _ about al? the theme is really dragging two big _ about al? the theme is really dragging two big forces - about al? the theme is really dragging two big forces that l about al? the theme is really i dragging two big forces that we believe are changing the world economy right now. on the one hand it is the unique time we're living through now in terms of technological advancement and innovation, which we are trying to capture with the concept of intelligent but were also tracking for the fragmentation of the international system geopolitically and we take a more front foot approach to this. so underlying the proceedings here will be a sense of how can all stakeholders within society around the world have agency around the world have agency around some of these forces that are applying to the world econom

his trade policy is dominating conversations at the world economic forum in davos. economics editor faisal islam is there. you don't have to be here to be confused about the detail of donald trump's trade and tariff plan. but the executives of the leaders are talking about that. especially so because of the first day on inauguration day, they thought has been a bit of a reprieve that they would be any tariffs until late spring of an investigation into the numbers and now we hear from the white house actually the tariffs could hit on the first of february, they could hit mexico and canada. sparking fears of quicker pattern expected and potential tit—for—tat trade war. on investment, lots of good news, hundreds of billions of dollars washing around for investment in artificial intelligence. google, for example, announcing that its deepmind units could see an ai invented medicine being trialed within this year and to all this, the chancellor with a turbulent couple of weeks of the market saying, as you would expect the briton is a globe! great place. it's that you don'

it is day two at the world economic forum in davos with the global elite is gathering.z are there and they sat down with the ceo of bank of america brian moynihan. he anticipates enthusiasm for deals to get done. >> what you are hearing is enthusiasm in the investment banking side particularly transactions. the last couple of years, it's been hard to get a transaction through. what stops a seller from selling or buyer from buying, i'm exposed. so they will push it through. a lot of enthusiasm there will be better growth in the united states, bankers saying that these deals can be done so they can have these strategic conversations. now it can be a great idea, let's do it. it is more of a substance base, more than a worry about the environment. >> basically you are saying there is more conviction and will to get stuff done? >> you will see more deals getting announced. in the banking sector especially in the united states, consolidation is still far away from being done. there will always be big banks, small banks. i will let people make a decision on what they need to d

and i think that is the way it's going to be, as seen from somewhere like davos.have those who are talking about the environment, the climate, energy policy, social welfare nets and all those sort of things. and they are not encouraged, pretty much like the bishop who gave the invocation today at the cathedral in washington. on the other side, you have the growth creators, the wealth creators. and they are saying, nope, best thing that's ever happened. america is off to the races. >> and richard, what about the consensus regarding tariffs? i mean, is there one? it seems like a lot of these countries are bracing or bracing for for a trade war, essentially. >> yes. look, to most economists and most government leaders, if you will. it's the equivalent of being told the world is flat after all, because the traditional orthodoxy ever since the 1920s has been targeted tariffs work, targeted tariffs, good general sweeping tariffs, bad smoot-hawley, led to recessions, led to depressions. not a good idea. now you have the u.s. president. not only tariffing but tariffing al

our economics editor, faisal islam, is in davos. start to the markets this year, not least because of what has been happening in america and speculation about the trade system. this is a great opportunity for the still newish government to present itself and its plans, particularly to convince the world that britain is a great place to grow businesses. that has been in doubt because of some of the decisions around the budget, but she will want to appear here directly to the big international investors. she was helped by one of britain's biggest banks, barclays, saying they are very optimistic about growth, not necessarily the story we have been hearing back home, but she will been hearing back home, but she will be meeting with big investors. the message i'm hearing privately is that yes, the uk has a lot of assets economically and the government has put in place what they say is a kind of stability. but now they need to see some long—term decisions are difficult decisions. coming into sight now is a decision on airport expansion. w

sander van't noordende is the chief executive of randstad who is in davos.ency is good forjobs. i would say the 3—3—3 economic plan that donald trump is putting in place is good news. i mean, 3% growth, 3% budget deficit and 3% barrels of oil. i mean, more growth means more confidence in terms of investing in businesses. and investing means investing in infrastructure and technology, but also investing in people. so i would expect our clients to start hiring more people over the next couple of months. it's all very well having a plan, but as we all are very well aware, governments set a target for economic growth but often don't meet them. no, but it's all about confidence. it's about, is there optimism, confidence in the economy that we're doing the right things. is there going to be deregulation? investment? that creates confidence and confidence creates the willingness on behalf of our clients to invest. what about his immigration plans and the impact that will have on the labour market in the us? it will have an impact, won't it, in many areas. yeah, the

his trade policy is dominating conversations at the world economic forum in davos.ur economics editor faisal islam is there. you don't have to be here to be a little confused about the detail of donald trump's trade and tariff plan. but the executives, the financiers and the leaders are talking about that. especially so because on the first day, on inauguration day, they thought there has been a bit of a reprieve, that there wouldn't be any tariffs until the late spring after an investigation into the numbers. and now we hearfrom the white house, actually, that those tariffs could hit on the 1st of february. they could hit mexico and canada, sparking fears of a quicker path than expected to a potential tit for tat trade war. on investment, a different story. lots of good news around here. hundreds of billions of dollars sloshing around for investment in artificial intelligence. google, for example, announcing that its deepmind unit could see an ai invented medicine being trialled within this year. into all this, the chancellor of the exchequer, rachel reeves, after

faisal islam there gauging reaction in davos. so let's unpack this further.he was thinking of imposing 25% tariffs on imports from canada and mexico starting on february the 1st. these are among america's biggest trading partners and the president's reason for imposing the tariffs is because he says they allow many people to cross the border as well as fentanyl. he also said he had spoken with canadian prime ministerjustin trudeau. the mexican peso fell 1% after the announcement and the canadian dollar tumbled to a five—year low. so, what more can we expect in the coming days and what could it mean for the us economy and trade? christine mcdaniel, senior research fellow with the mercatus center former deputy assistant secretary at the treasury department, senior trade economist in the white house council of economic advisers, gave me her top thoughts on the economy. the us economy is in a good spot. unemployment is still, you know, relatively low. inflation, though, is stubbornly not coming down as quickly and as easily as the fed had hoped for. so he's got,

big tech names and finance guys won't be in davos.y will be here in palm beach like they have been trying to meet with trump and going to the inauguration. shows you a shift of world power there. back to you. >> brian: thanks so much,; bezos and musk who is going to get in the sky first obviously musk is winning big. zuckerberg and musk were going to have fight in octagon. they will be sitting together. 10 of trump's picks have professional ties to either musk or tealle. i think it's going to be fascinating. my hope is these guys are so bright we want to win the ai race. we want silicon valley to work with the pentagon to give us the most lethal weapons, the most affordable weapons possible. for the longest time google keeping arms length from the pentagon and ethical reasons. the guys with the nose rings and purple hair don't want to be a part of it. that's changed. there's a hope that the pentagon is going to interface with -- and i know that senator wicker feels the same way with silicon valley and the ai guys and these bros. and t

stuart: skipping davos, oh, the horror. [laughter] >> reporter: i know. way. >> reporter: me either. stuart: now is the perfect time to bring in kennedy -- >> hello, darling. [laughter] stuart: welcome to the show. you're not going to davos, i'm sure. >> i go every year on my private jet. stuart: yeah, right. [laughter] can i get to the first question? >> please. i've been waiting, stuart. [laughter] stuart: it seems that america really likes the new president. he's more popular than ever. why do you think that is? >> because they've seen both versions of the trump and the anti-trump, and they like the trump version better. people have had a hard time over the last four years with the biden administration, and, you know, i was watching his farewell address last night, and it was pretty delusional. it really didn't acknowledge the pain that people are going through which forced a lot of independents and some democrats to -- they felt they had no choice. they want a different way of life are. they want more choices. and, you know, they have been so hamper f

but actually the how the science at the world economic forum in davos katara, the prime minister in the home. it's been on the from and also on a spike of a huge investments required to rebuild the gaza strip. that's included in the agreement that that phase 2 should that should that, that i study for selection phase. why has just said that i think the understand needs for the, for the people to rebuild the hospitals, to the, the big cities and the basic requirements for that, you know, providing a supply line for a lot of the people over there. but to face to we should include very for selection and what you have mentioned about 80 percent of us as the slide we believe in title has been destroyed. but can tell us, prime minister went on to talk around the huge and need to find the political solutions to the complex. now that as these 5 deal has taken effect and goes, what's happened since october 7th mazda wake up quoted for the region. but also, we need to address the issue of the palestinians, and we need we have cnn momentum bodes around the world about the to see a solution that's

you know the guys, really rich unelected ones that go to davos on a private jet and think what's best for us plan ago one world order going with the world economic order going for them to devise them. you go first loser. the ozone layer and the chemical contact and that was good. he boasted in the future a small group of elites and if you want to be my god, i'll have to meet your mom and givee you a spankig and take out your phone. you cannot comply your way out of the tierney. will you allow your world to break your will or strengthen your resolve? let the fear and chaos confuse you, consume you or wake up every day with a renewed hope and god that keeps his propses. i'm called by god to be a mother. i feel it in my bones. i love my kids and would give it all up to protect them. i did and i'd do it all again. i love you guys! when joe biden referred to me as a domestic terrorist, i could have cowered in fear. that day, that public servant poked the wrong momma bear. you think i was a bull at school board meeting? i was just getting started. tafanely afraid to speak up, stand up, rise

first of all, about joining us now from the conference in davos. well, as of on the line, very clear. it has statement that, how schuman global cooperation, maybe wasn't the whole mock of the previous trump administration. so how it delegates reacting to what is going to be a debate? was to highlight the global corporation was always a motel here in this all by on find result where douglas takes place every year in january. it was always about corporation, globalization, equity, and diversity. but everyone understands that with, from these are changing times and varies. and you do political order that they have to cope with, except that this time they said they have been preparing themselves, not like in 2015. what the, what to take an awful god by series of major decisions taken by the trump administration. and when you listen to the statement by the light, you're talking about the need to in a pulse of the principles of the european continent and that the habits climate accord remains. humanity is best hope and that's why the remains willing to o

oh correspondents at that conference in davos joins us now from switzerland. how shamella, barbara, and how should move. because ari appointments are also made the point that the day off the in goals a cannot happen with out the policy ends without input from the palestinians. and indeed, laura and this is because there's been over the past few months talk about the post war in gaza and who she should take over with the international community. the europeans of the americans basically saying that every to the native policy and all thought of the hostile take over because of for the international community, this thoughts healthy in terms of reconstruction towards minutes. so fine enough as in 5 minutes of the same time. so what time about the studies thing that if there is determination from both sides, they can agree together by a single thought to and how much and move forward and that ultimately this is a decision that has to be taken by of a policy. the people themselves about who should take over and ask them to stay with us because we're getting here a li

as the world economic forum kicks off in davos, a new report from 0xfam says the collective wealth ofillionaires rose three times faster last year than in 2023. it warnings —— it warns of the growing power of the super rich. the annual gathering will take place in switzerland this week. to the us, where donald trump will be inaugurated in less than 24 hours. the president—elect has promised a strong america first and tariff—led protections trade policy, with low taxes and lower government spending. so, who are the people who will shape what some people are calling trumponomics 2.0 and how will they work together? so, the next trump administration is here. what will the president and the many members, formal and informal, of his government get up to this time? everyone wants to know. when it comes to the economy, think of them as trump's class of 2025. in the first group are the clean cut, mainstream bunch, the wall street guys. scott bessant, a hedge fund leader, will be treasury secretary. kevin hassett, a senior adviser in the first trump administration, will lead the national econo