you're watching a very special edition of "market makers," live from davos, switzerland. ♪ >> welcome to "market makers." we're here at the world economic forum in davos. towill take you for a moment washington dc because it is not just matt miller anymore, our nation's capital is coming down with a case of bitcoin fever. regulators and lawmakers have been looking at whether there need to be rules to regulate the digital currency. the cofounder of one of those bitpay is withed our peter cook. >> thank you. good to see you. think you for the time. let me ask you first about your business and how it has grown. you all are very involved. how many transactions were you involved with last year, and how your business is going in the last three years? >> we get about $100 million worth of bitcoin transaction. in 2012 we get about $3 million. >> how many of them were in the united states? >> we have now surpassed 20,000 merchants, 25% of those are in the united states for 25 or in europe, and then the rest are scattered around the world. right is coming to bitpay now to process these transact

tom keene is in davos, switzerland. banks have finished reporting earnings, they are free to talk about their financial outlook. brian moynihan of bank of america spoke with erik schatzker yesterday about the recovery from the financial crisis. >> there are still uncertainties, we have investigations by the department of justice. we will deal with those. reallywere able to and had to get to over the last few years to start to clean the balance sheet up, take uncertainty away around the company. we did a lot of work and it cost a lot of money. a lot of it has been spent. >> we still have more to do, tom is joining us from davos with special guests. brian moynihan speaking pretty candidly. >> very visible here in the early hours of davos. up to the early hours, stephanie with has finally graced us her presence this wednesday morning. erik the crack of 12:22, schatzker was here at 5:00 a.m. harassing financial types. you harassed brian moynihan. a very perceptive interview. -- distancing himself from fortress dimon. >> i n

davos, switzerland. >> will netflix, the best performing s&p stock of 2013 blow past estimates when it reports tomorrow. we'll tell you what to expect right after this. >>? of the biggest names in oil exploration and oil services are seeing higher profits these days thanks to strong performances outside the u.s. energy boom. morgan brennan has more on what's energizing profits. >> reporter: don't credit the energy boom sweeping the u.s. for helping out halliburton and baker hughes. instead, look overseas, analysts say they have been expanding their international operations in search of bigger profits. >> that's where a lot of the growth is, historically seeing strong growth from emerging markets and also where a lot of resource is. it's a case of follow the oil, follow the money, follow the growth. >> markets like the middle east, ai asia pacific and europe have fueled growth. baker hughes, the world's third largest servicer saw a 27% increase in revenue growth. the other big growth areas, europe, africa and russia. saw revenue increase 18% from its middle east and asia operations as w

and of course the point one per cent of the one percent does i mean davos switzerland this week for an economic forum the one and only goldie hawn modern a panel on how to alleviate your stress leave because really nearly causing the entire class to the global financial system is stressful it's stressful sometimes have you ever tried to get barbecue sauce out of a diamond tiara it's very difficult ok it's very stressful it is but i also did read that they're doing some things to consider the you know the underprivileged the people having trouble around the world like during the hot stone hand massage yoga they're doing the giving pose so they're just to remember the giving for giving pose and the chocolate water fountains actually the lifeguard they've hired is an underprivileged child for the talk of water so that they're considering the poor while they're there. oh my god of course our fair back out banker jamie dimon just got a raise despite owing billions dollars in the company but i think he deserves it don't you. think you deserve it look if you're acting surprised i mean did you

us fromeene joining davos, switzerland. you later on today throughout bloomberg television and of course tomorrow right here on "bloomberg surveillance." about a simpler davos, and the discussion always deals -- boiled down to income inequality. it has come up as a theme again and again. >> simpler davos is an oxymoron. much, gotou so galloway, nyu stern school of business. -- scott galloway. ♪ . . >> live from bloomberg world headquarters, this is "in the loop" on thursday, january 23. i'm betty liu with matt miller and pimm fox all week long. >> treasure being here. we have really big guests this hour. former treasury secretary larry summers live from davos. >> huge deal for netflix come surging after forecasting it will add two point 25 million subscribers this quarter, far above estimates. ofwill ask the former ceo nbc universal. -- if it will scare his customers away. deald the billion-dollar -- well, history repeating itself today. lenovo spending 2.3 billion dollars for the server unit. icahn has another no-brainer, a

to davos, switzerland. andrew is there already. we'll be talking to dow clem kal ceo andre liveris and ken rogoff at 8:40 a.m. also a huge chess player. making headlines, earnings season is in full swing plunge the names reporting before the bell today, johnson & jounsan, travelers and verizon. after the bell, we'll hear from ibm and texas instruments. roughly 50% of s&p companies have reported, roughly 50% have missed estimates. u.s. equity futures this morning are suggesting that we are going to have a positive open. the dow would open higher by about 57 points. the s&p by 6. the nasdaq by nearly 16. scott. >> michelle, thanks. in corporate news, two people have been nabbed at the texas border in a credit card fraud case. police in south texas say account information stolen during the target security breach is now being divvied off and sold regionally. two mexican citizens were arrested at the u.s. border in connection with 96 credit cards. federal officials say there is no connection between those arrests and the retailers credi

>> live from the world economic forum in davos, switzerland, this is a special edition of "market makers," with erik schatzker and stephanie ruhle. >> i am erik schatzker. >> i am stephanie ruhle. two.we are, day it is beautiful out there, and it is about to get hot in here, speaking to the most influential people in the world. >> we will start with one of the most influential men in the banking world, james gorman. great to see you again. >> great to be here. >> it is unbelievable. the sun is shining. let's make some news, shelley? to town last night. you have been able to hear a bit about what people are saying. talk about what people are saying, trust -- five years after the financial crisis, how is it that you think people trust banks so little? >> i am told we are the second least. fortunately, we still have congress. >> news reporters are third. >> in all seriousness, this is the most damaging financial crisis since the depression, and maybe well before that with all of the home foreclosures, bank failures, and the impact that had on the global economy. .t was devastating it takes

it is still the talk of the world economic forum in davos, switzerland.charity group, oxfam found that 85 of the world's richest people contain the same amount of wealth as the poorest 3 billion people. amazing static. atlanta mayor one of the movers and shakers, talking about tackling that kind of inequality here. joining us live from davos. and mayor reed, first of all, you've been in six sessions already. is this what people are trying to address? have you heard people looking at that figure and going what the heck, how do we change this? >> there's no question about it. it has been a part of every conversation that i've been in. there's been a huge focus on youth unemployment, which also goes to that issue, suzanne. and really some of the leading business leaders in the world are focused on certainly the youth unemployment, which leads to income inequality. and we have 75 million young people between the ages of 18 and 30 years old, who are underemployed or unemployed. and we have had multiple detailed conversations led by atlanta's own mutar kent, in

fifteen minutes could save you fifteen percent or more on car insurance. . . >>> coming up from davos, switzerlandretary jack lew is going to join us, he'll talk about the economy and his call on congress to raise the debt ceiling. plus, a squawking on davos exclusive. we have jpmorgan chase's chairman and ceo jamie dimon. he'll talk to us about the settlements and moving on and his positive outlook for the economy. we have interviews coming up with larry summers, steve schwarzman and, yes, goldie hawn. we're back in a moment. in the face of danger, and under the most demanding circumstances. experience builds character. experience builds confidence. and experience... has built this. introducing the 2014 glk. the engineering and the experience of mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz financial services. >>> welcome back to a very special edition of "squawk box" live from davos, switzerland. this hour we have much more from our exclusive interview with jpmorgan's jamie dimon. >> the american economy, i believe, the sun, the moon and stars will line u

. >>> ceos attended this year's world economic summit in davos, switzerland. it just wrapped up today. are drew sorkin has the story. >> reporter: the current falls on another davos. the big issues this year, the future of the middle east and inequality in developed nations. >> america succeeds by raising everybody up. it doesn't succeed by tearing anybody down. it's never better to make somebody poorer, even if they're very rich. and the rhetoric of envy and the rhetoric of tearing down i don't think is the right rhetoric. at the same time, i think that there are many who are prepared to cry robin hood and socialism at the very suggestion that we need to do something about inequality. >> reporter: but perhaps the biggest issue was what to do about the emerging markets. >> somebody said you take a position on the emerging markets and you can't change your mind for fill in the blank, one year, five years? however long not sure. doesn't mean i'm going to feel good about the next -- sure, in the long run you have to bet on growth. and you see growth, education, mo

so much for your time and that was our to venture capital as well being reporting live from davos switzerland why really are today if you will. business and political leaders are still in davos today and one of the main themes there is income inequality now yesterday we spoke with anthony randolph of the reason foundation about the wealth and income gap now today we take a look again at the american dream an income inequality with lynn paramour's dr paramore is senior editor at alter net and co-founder of recession wire and founding editor of new deal two point zero that's a lot to be a founding founder of she writes exactly about these very issues though now when it was a pleasure out of it is a pleasure having you on the show today and i want to start off with my very first question it's been fifty years since president johnson you know launched his war against poverty has that been a success. in some measure as it has been a success in other measures we really still have a long way to go there was an interesting study that came out just this week by some harvard researchers and another res

a forty years the dirtiest scuzzy is the names and business banking and politics have met in davos switzerland and eight years meeting they claim they are meeting in order to devise new ways to save the world to deliver prosperity it's all this year for example bill gross tweeted about one of those alleged save the world quote sessions he said this sharing economy satisfies the fundamental yearning of humanity to be in a community. yes go ahead and bar for the reality is that for every year since the creation of the world economic forum's inequality has grown real incomes of the financial crimes redistributed more wealth and on a bad acid trip. well would do very well up there at the form and you know it was created in one thousand seventy one it was called then european management form started and it didn't rename itself until one thousand nine hundred seven when it called itself the world economic form but you know the eighty's were of course the time at the beginning of this whole financialization of the world and it became more of a bankers hangout and bankers hanging out with politicians

i am the world's leading decision makers began arriving in davos switzerland ahead of the annual gold guitar. the open use of cctv news i tend to look in beijing thank you for joining us our top story is how the un as an ltd has withdrawn an invitation to iraq to join this week's peace talks almost alien crisis. the invitation to you're on the key backer of the syrian government prompted threats of a boycott from the syrian opposition un spokesman mark mr key said you didn't cheat by ki moon had invited you're on after getting assurances that he understood the bases and gold of the compass. but iran has strongly rejected the geneva ones communicates setting up of the new syrian government. cctv is nick harper has. the showdown is starting on sunday evening when united nations sexy general by the mayor said he invited ten additional comfort to the peace talks and one of them was iran. as i have said the pay tv. i believe strongly that iraq needs to be part of the solution to the scene in crisis. the sick the generals said he's been given assurances from senior iranian officials. iran w

i am in davos, switzerland. it's the highest city in europe and it's where world leaders come to attract investment to their country tries. one of those countries is rwanda, a country, you will remember, back in 1994, in just a three-month period, hundreds of thousands of it its citizens were butchered by other citizens. it's a it country that has had a hard time coming back. paul kagami has been the president of that country for some time. since 2005, the size of the rwandan economy has doubled. he is held up as an example of great political leadership in africa by many leaders in the west who are also donors to rwanda. he has come under a lot of criticism for human rights abuses. i had a chance to sit down with straight. >> we have seen progress. everything from now, a vibrant economy. the private sector that was non-existent, more now growing and we are seeing the middle class, you know, come up and grow very fast and take the center stage as it should be. >> what did you find the most intractable? what was t

jack wu made the comment that the world economic forum in davos switzerland. this has been measured by all of the surveys is strong i am really think that that there's every reason to be hopeful that we'll do well this year. louise's employment as some ongoing challenge he said there's more work to do to increase jobs. treasury secretary also repeated his call for congress to act swiftly to base the government that limits a less attacks the us could face a default in late february. when said lawmakers must not create headwinds that offset the natural telling when the economy is doing better. more and more people around the world are turning to the virtual currency although the debate calling it as how the money is attacked by governments or in the major banks balance of march meeting in their field dollars rebate claims consists crowing over its potential instability. any stairwells rows of green over ports from new york. when it's convenient because it uses can pay for items and services with a slacker. this bar in new york except steak or lamb. when customer

over a forty years the dirtiest scuzzy has names in business banking and politics have met in davos switzerland and each year's meeting they claim they are meeting in order to devise new ways to save the world to deliver prosperity it's all. the. economic ups and downs in the final months they belong to the sang i and the rest i take it will be everything on me. and these twenty seven people being killed in street clashes across egypt throughout saturday is the most supporters of the ousted president mohamed morsi faced off against egypt's security forces on the third anniversary of the two thousand and eleven revolution police used tear gas to disperse the crowds and this comes a day off to the country was rocked by a series of terrorist bombings. well truth is in cairo for us. another car bomb has exploded at the police building this time in the key city of suez this is the sixth such explosion has taken place in two days we had four bomb blasts in cairo on friday and this morning the jacksons one cannot similar bomb blasts in the east in the suburb of cairo and this comes of course on the an

a forty years the dirtiest scuzzy is the names and business banking and politics i've met in davos switzerland and eight years meeting they claim they are meeting in order to devise new ways to save the world to deliver prosperity it's all this year for example bill gross tweeted about one of those alleged save the world quote sessions he said this sharing economy satisfies the fundamental yearning of humanity to be in a community yes go ahead and barf for the reality is that for every year since the creation of the world economic forum inequality has grown real incomes of the client and financial crimes redistributed more wealth and now on a bad acid trip how. well moua do very well up there at the dallas form and you know it was created in one thousand seventy one it was called then european management forum all right i started and it didn't read.

steffi and i are here in davos, switzerland. it is the world economic forum.re attractions this year, resident rouhani of -- president rouhani of iran. , theng about many things softening of sanctions, for example. investment opportunity in iran. >> you can welcome our all-star from london. she knows what he has to say. i did not invite francine into the conversation yet is because she might be having some mike problems. >> i'm so cold, i don't know what is happening anymore. >> we will talk about john mccain. senator john mccain with whom he sat down with earlier today. he had some things to say about iran. >> indeed he did. rouhani is coming here with the message today. he is very dynamic. senator mccain says he is a fantastic salesman. room,e is so much wengs are so difficult, h went on to talk about russia and ukraine. he does not feel positive. he feels very concerned with the upcoming sochi live picks. he is definitively concerned. -- the sochi olympics. the political climate, the people, the protesters, the unrest, he does see it. >> let's listen to sen

at the world economic forum in davos, switzerland today, iran's president turned on the charm with an appeal for foreign investment. the door opened a tiny bit this week after iran froze its nuclear enrichment program and the u.s. and western allies rolled back some of the sanctions that have devastated the iranian economy. margaret brennan is in davos for us tonight. us tonight. >> reporter: at this summit high in the swiss alps, this year's top draw was iran's president hassan rouhani. he told a packed hall that his country was open for business and he said that iran's economy had the potential to be among the top ten in the world as long as the west eased crippling economic sanctions. using words like "moderation" and "prudence," he touted investment opportunities and iran's vast oil fields. he also reassured the audience that tehran would abide by the terms of the deal to freeze its nuclear program for six months. "i strongly and clearly declare" he said "that nuclear weapons have no place in our security strategy." hours later, israeli prime minister benjamin netanyahu, also at t

davos, switzerland, is a beautiful place.ons can be a little tight on the local population grows by 25%. 3000 people arising from the world economic forum. liz claman has a special look at how the fox business team is coping. liz: they think it is a stunning backdrop behind me and it's always tough and so we wanted to give you a secret window into the fox business launching headquarters. so come on in. ♪ ♪ ♪ liz: this is our production assistant working hard. we will be meeting with world leaders over the next few days. a technical production manager right here with his ski gloves on. we have been shooting a lot of davos street scenes. and let's get to the food. our european fridge is not quite big enough. so we are improvising. and what would we do without our trusty audio god? >> and no trip would be complete without this favorite. you have to try it when you come here. cheryl: bring it back to me on the plane. all right, and we want to show you this stock right now, it's moving substantially. the greenlight capital for dav

secretary of commerce, penny pritzker, thank you for your time, coming to us from davos, switzerland.ry much, chuck. >> it's actually colder here than davos, right? >>> come ing up, is state of th union responder the most cursed job in 21st century? we'll make the case that it is. >>> and the white house soup of the day. [ male announcer ] here's a question for you: is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. when my son was born, i remember, you know, picking him up and holding him against me. it wasn't just about me anymore. i had to quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. chantix didn't have nicotine in it, and that was important to me. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thou

this is a study that comes just ahead of the world economic forum in davos, switzerland, this week.y will be a major topic there. all the central bankers, all the big wigs around the world gather and talk about how to fix the world's problems. >>> and this might be the ultimate symbol of the gap between rich and poor. a bottle of whiskey sold for a record-shattering $628,000. >> oh, my goodness. >> this is at a sotheby's auction in hong kong. that crushed the previous record of $460,000. that was for a bottle of whiskey in 2010. this is a rare mccowan "m." it was an exclusive 6-liter decantor. there is an encouraging sign, the proceeds will go to hong kong charities, but someone had the cash to spend $628,000. how many shots are in a 6-liter? >> does it make you fly after you drink it? like, what happens? i like whiskey, but -- >> it makes you rich. it makes you so rich that you can drink $628,000 worth of richness. >> that's a lot of richness. all right, that's it for us this >>> breaking overnight. whiteout conditions are upon us and a massive snowstorm is moving east. more than 1

tech titans have been taking the stage in davos, switzerland.issa meyer, cinioff and mark chambers sat on a single panel where they discussed a range of subjects including n.s.a. at length and we talked about the highlights. >> all of them affected, certainly cisco and certainly at&t and also yahoo! as well getting the collection requests. and here they are in this global economic forum talking about the impact of their global businesses on these u.s. spying policies. >> everyone was asked what would you ask if you could ask president obama for one thing. let's take a listen what marissa meyer had to ask. >> what is one request you would make that president obama? >> transparency. the ability to, one, understand, so we can help our users understand exactly how many requests we're getting and/or the range of requests we're getting and how the data will be used because we need to rebuild trust with our users. >> do you feel the trust has fallen because of this, marissa? >> yeah, i definitely think so. and not only within the u.s. but also internat

tracy: coming up on ""ountdown to the closing bell," liz claman still in davos, switzerland.to see what life is like for newly publicly traded company. a first on fox business. also, she had the president and ceo of aircraft and train maker. we will ask about the booming aerospace company it plans to ride to great profitability. that is straight ahead. don't go anywhere. [ me announcer ] is is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt iis the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ ♪ this magic moment (voseeker of the sublime.ro. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car

let's go to davos, switzerland. the world economic forum. liz claman this morning with the head of coca-cola about the importance of diversifying the brand. >> every one of our top 20 brands has a low-calorie or no calorie version option. so it is really important to understand have great brands, really proud of all of our brands and what we do is our plan is based on balance growth. connell: back on the roof where she has landed the dean of silicon vvlley and davos network. liz: it is customized, how about that. a little bit colder on day two of davos, busting off the ski gloves. there are still complaints i have been hearing the past 48 hours. davos in the world economic forum are usually pretty brilliant tackling and dealing with the crisis. not so great at actually spotting the next crisis. what will it be, cyber attack to bring down the banks or the internet gets swamped for the upcoming resolution of things to come? somebody who really might be able to identify it. chairman and ceo of dow component cisco, spoke with him, i asked him wh

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i'm fareed zakaria coming to you from davos, switzerland, the site of the annual meeting of the world economic forum. we have an extraordinary show for you today. three world leaders at the center of the news. first up, president hassan rouhani of iran tells me despite the progress there might be a fundamental disagreement with the west on the way forward in nuclear negotiations. >> so there will be no destruction of centrifuges, of existing centrifuges? >> translator: no. no. not at all. >> and what would the iranians do if israel bombed them? you will want to hear his response. then prime minister abe of japan. on his plan to turn around the world's third biggest economy. on his nation's conflicts with china. and on the japanese dolphin hunts that have been shocking the world. >> we are looking for peace. >> next, the prime minister of egypt on the third anniversary of the egyptian revolution. has that revolution gone badly awry? i ask him just that. all that, and we'll show you one more head of government doing something odd with another one. don't worry, it's kosher. but first, he

almost impossible to get a hotel room in the week of the world economic forum in davos, switzerland withg on a tiny swiss town how is the ceo rolling in davos? coming the party sorensen on the issues that matter most to him. ] this is the story of the dusty bament at 06 35th street the old dining table at 25th and hoffman. issues that matter most to him. f roble avenue. ♪ this magic momt issues that matter most to him. d they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ >> i am joking kent, activist investor carl icahn said he bought $500 million more of shares of apple in the past two weeks bringing its stake to $300 billion. deal also tweeted apple is doing the great disservice to shareholders by not increasing its share buyback program. mitsubishi mirage performed worse than any other vehicle segment in frontal crash tests. none of the 11 cars tested got highest rating from an insurance industry group crash test. only the chevrolet spark earned the seco

day two of the world economic forum in davos, switzerland. liz got to talk to fortune 500 titans. who are they, liz? liz: if davos is most international event gathering of world leaders, coming this hour we have two of the most international ceos. we have mukhtar kent, chairman and ceo of coca-cola and bob greifeld, ceo of nasdaq omx. they never stop traveling and try to make their business stronger. two davos leaders coming up. david: we'll look forward to that liz. on a day when the dow was down over a full percentage point. kim forest, fort pitt capital vice president, senior equity strategist who says volatility in the market, we, get used to it. after all it ain't such a bad thing. she will tell us how to play it. lair very shover, sfg alternative chief investment officer in the pits of cme. larry, i want to start with you. what spooked the market? >> it is clear china's pmi miss drove the market narrative today. let's be fair, the street was building that in. realized there would be softening, that we had small beats out of pmis in france and germany. we had a good gdp number

ali velshi, al jazeera at the world forum in davos. >> that's airline airline reporting in switzerland. he'll bring us interviews with business leaders and officials. we have one with christine lag lagard on thursday. how do you avoid fees at your bank, log on and leave us your story. >>> this has been another challenging day in west virginia. even though state officials lifted a contamination order on drinking water three days ago some people continue to smell chemicals, and these residents say as long as the smell persists they will not drink the water or trust the safety claims of officials. this may an set back in customers, but not in west virginia. as one restaurateur told us, they will continue to use bottled water in their pizza dough despite being told that water is safe. they believe as many businesses do that the quality of your product and experience of your customer should be paramount. good for them. these entrepreneurs are underscoring that business is part of the from a brick of the broader community and should exist to make life better for the citizen who is live there

coverage of president and his opening speech at the world economic forum currently underway in davos switzerland or is held by the city. my hair. he's the one. me. it's easy to use it. he has it been. i love it. jeans. to me and more. in the system they are not tasty. his team she was back there. eight staff were all informed. a twenty five minute speech he elaborated on the vision of the great economy a bit years three great ideas. he also works are considered. the one thing after that. a few of the ideas that you mentioned it's completely new and i mean that in the way to the point here the city. i have to see. or will be my the it's been. and. the honor cute animals. these images for use or decoration. each one is a tasty candy designed to be cute too japanese art of making it to come to school to the school of design. it takes many training in march due to becoming resigned to our kids the candy for me. the speech into eight degrees to make it soft employment. skelton who says this approach used to separate pots when

prime minister han dynasty after india present is set to attend the world economic forum in davos switzerland eighteen she will continue reporting on the site as new updates. i am. and. i have a quiet on the prospects and truth is that lie ahead. she knew gill has this report we're getting desperate don't know. here's some news items and always garner a lot of interest in the new year that helped the steel market is suffering from a global glut of supply to see the back by a pop by for just forty million tonnes the outlook for korea's missile chemical industry does not seem much better as it is heavily dependent on exports which i doubt that it's off to korea but the reporter shield bill story covering industrial planning begin. it's so there was a year. we we actually decided to do various series our economic outlooks for two thousand and fourteen and there were five topics ranging from semiconductors to the actual plants. two steel industry. also you can see and shipbuilding industry and since i was a bit more familiar with the industrial acts out also the steel industry. that is by opted t

a little dorm room -- 2713. ♪ this magic moment >>> welcome back to "squawk box," live from davos, switzerlandsting trends and key takeaways from the big summit here in davos, we're joined by glenn hutchins, co-founder of silver lake partners. >> we are also sponsoring african-american research at harvard. >> we wanted to talk about the buzz here in davos. wanted to ask you, is justin bieber in the buzz. >> who? >> justin bieber. >> next subject. >> one lesson in the past three days, since this is our final day here at davos, what would it be. >> the davos consensus is always wrong. it tells you how people will behave in the coming year but it doesn't tell you the outcome. >> we are therefore, headed? >> right now everybody is optimistic about growth in the global economy. i think we're sitting on all cylinders. >> when you say we'll behave that way, does that mean companies will start spending more. >> the economists and the public servants are optimistic. the business leaders are essentially saying i'll invest and spend op ex when i see it. the smaller ticket to purchase, the less optimistic

larry summers sounds off in davos, switzerland.will get tossed from the former secretary of the treasury. ♪ >> in terms of revenues, dell was the largest company to go private. we had a long, drawn out process, but it all got done and also well that ends well. founder andthe dell chief executive michael dell speaking to our own tom keene in davos, switzerland at the world economic forum. he was talking about taking the company private in only 13. it may be 2014 but a lot of questions linger about who will lead technology companies such as microsoft. when steve ballmer leaves, who will occupy that position? our guest for the hour, bob wright, former chief executive of nbcuniversal. matt miller, glad you are here, too. n.b. you can play along -- >> i talked to alan mulally on the time. he was rumored to go there and he told me "i will stay at ford until at least 2014." he may have been in talks when he told me this but now microsoft has to find somebody should who could they possibly choose? >> they could choose a lot of people. mayb

they are in davos, switzerland this week.g the rich and powerful are those trying to promote charitable causes, like mad name and. hans nichols -- matt damon. hans nichols caught up with the actor. he is not playing jason bourne anymore. he is usually talking politics and raising money for water? >> good morning, guys. he has an ngo. it is above zero centigrade here. we will interpret that into fahrenheit for everyone. that theren water is are so many people, globally, who do not have access to it erie it let's have him explain his goals. 780 million still people on planet earth that do not have access to water. >> who are your partners? >> we have a number of corporate arbiters. , a bunch of them have stepped up for us. taking ait, they are proactive role, which is wonderful, but it will require a lot more than that, obviously. like this is a mixture between seriousness and celebrity that you have an event -- that you have at an event like this. i will throw this question to you -- how do you pronounce it? when i go to buy b

coverage of president and his opening speech at the world economic forum currently underway in davos switzerland. or is this fine city my hair. he's the one. me. it's easy to use it. he has it been. tot the layout the jeans. to me information board. in the system. they are not tasty. his team. tension and violence that has it. eight staff were all informed. a twenty five minute speech he elaborated on the vision of the great economy a bit eerie three three ideas. he also urged our state the fact that the alliance he said after that. a few of the ideas that you mentioned it's completely new and i mean that in the way he did when he or so the city. or will be my the it's been. and. the honor cute animals. these images for use or decoration. each one is a tasty candy designed to be cute too japanese art of making it to come to school to the school of design. it takes a long training in march due to become one of these are two options. candy for me. he's teaching to which degree is to make it soft and pliable just go for the assistance of fruits used to separate pots when it isn't like that which ha