and the financial times, um, uh he was uh, singing his own praises um saying america is stronger its enemies or week or he didn't talk about the security, which is something remarkable about this administrator. and never talked about anyone security. he thinks he did a bang up job and he's very, very pleased with himself passing the baton to the next the administration. how will history judge anthony blinking go ahead, michael. well, i have absolutely no doubt that he thinks to himself that he did a bang up job, and i have no doubt that the new york times in the financial times will judge him as a defender of the global liberal democracy in history is going to judge him at best as a very mediocre secretary of states. um, as someone who is little more than a cog in the wheel, a voice, a mouth piece of the transatlantic liberal system. and one in which i have, as i said before, he has no doubt that he did a successful job, but his name will be connected to a rather unpopular presidency. one that has enabled genocide in the palestinian territories. another uh, that has been part of a wa

thinks to himself that he did a bang up job, and i have no doubt that the new york times in the financial times will judge him as a defender of the global liberal democracy in history is going to judge him at best, as a very mediocre secretary of states, as someone who is little more than a cog in the wheel, a voice, a mouth piece of the transatlantic liberal system. and one in which i have, as i said before, he has no doubt that he did a successful job, but his name will be connected to a rather unpopular presidency. one that has enabled genocide in the palestinian territories. another uh, that has been part of a war machine that has perpetuated the war in ukraine against russia. and i'm sure that the critiques of his administration of his leadership will be something that he never really reads. but you know, if the absolute best, if he's lucky, he'll be considered little more than a footnote. yeah, well, i mean, for the rest of us, i hope that just this will catch up with them at some point. and we all know that that's unlikely today, but who knows in the future? alexander? he also it will. i

thinks to himself that he did a bang, a job, and i have no doubt that the new york times in the financial times will judge him as a defender of the global liberal democracy in history is going to judge him at best as a very mediocre secretary of states, as someone who is little more than a cog in the wheel, a voice, a mouth piece of the transatlantic liberal.

at the same time the financial times are saying that more companies will be investing in al than people because of the government's plan to charge more national insurance contributions. technology exists in the human context, politicaland technology exists in the human context, political and social context, political and social context, so we want to look at the big picture for the whole country and indeed the whole world overall to really make sense of the impact of this announcement today. stephanie, we believe _ announcement today. stephanie, we believe that _ announcement today. stephanie, we believe that there, _ announcement today. stephanie, we believe that there, we - announcement today. stephanie, we believe that there, we will. we believe that there, we will come back to you after we have heard that speech. there must�*ve been a slight delay there with sir keir starmer speaking. we will come back to thatis speaking. we will come back to that is soonest keir starmer begin speaking. it's the world's largest island, but greenland is home i. because sir keir starmer is about to sp

ed lucas had a great point in the financial times. musk speaking for trump, in which case the west is as good as dead, or is he testing the waters that would give western capital scope to exploit differences between trump and musk? the answer is probably the two but at the moment trump is either talking tough to make it look like he's the real boss by saying he's going to invade panama and greenland and canada, and be an expansionist like putin, or he's just speaking putin and elon's desires. i could never tell which. i just know that trump is not in charge. >> before we go any further, joy, let's just take a step back to your viewers and just remind ourselves, to keep ourselves sane, none of this is normal. right? the beginning of 2025, we should not be on live american television discussing a president-elect press conference where he said he may invade two of our allies. right? i a guy who was worried about trump attacking iran, from starting a war with china. i did not have it on my bingo card for war with denmark and panama in 202

joining me now is the financial times columnist edward luce, editor. welcome. explain to us if we can simply and briefly, what is this scandal? when did it begin? why is it called the grooming scandal? >> so thanks for having me on. yeah, this is a scandal that stretches back more than two decades. it's about gangs, chiefly of. pakistani english people of pakistani heritage in smaller northern and midland towns in england, who groomed and abused child children on on quite a large scale. and it first sort of broke into public consciousness in 2012 when a journalist for the times of london put it on the front page. and that then sparked all kinds of inquiries as to why this seemingly systematic abuse had not been flagged earlier, and why no prosecutions had occurred. since then. there have been many inquiries. there are now, i think, 60 or 70 people in jail, some of them for life and a dozens of other separate trials going on. so this is a long standing scandal that has recently come back to life because elon musk. elon musk, as you just mentioned in your introdu

new sites take years to build up infrastructure and to get ready for drilling and financial times they might be come stranded assets, something that was invested in that became obsolete for some countries to 40 percent of intox, fiscal budget could be at risk as the foundation of folds quite an old price is full. that's gonna have a massive impact on the economies. these countries increased on livingston to today's, in these countries. and that impact could also have individual citizens directly. many pension funds around the world are invested in oil and gas. these companies fail spectacularly. millions of people could be plunged into financial insecurity in their old age. so faced with the end of oil, it seems like investing and renewables at the smart financial decisions. they're cheaper and there's less risk of new projects becoming stranded and unprofitable in the future. all of that is longer time for more as much, there's not going to be overnight because according to all predictions, we're going to continue to meet fossil fuels for a while. they're used as a backup power when w

at the same time the financial times are saying that more companies will be investing in al than peoplenational insurance contributions. insu

including a flat in this block which saadiq was gifted before she was an mp, by a businessman who the financial timessiddiq to the political associations of others. there's a lot of unanswered questions here, notjust for the minister in question, the city minister, who's also meant to be the government's anti—corruption minister, but also for keir starmer, who's put her in this position. in her letter to laurie magnus, the ministerial ethics watchdog, tulip siddiq wrote... an added awkwardness is the fact that tulip siddiq — the very politician who's being investigated for financial corruption — is also the uk minister responsible for tackling it. joe pike, bbc news, westminster. the government is promising to cut the number of nhs patients in england who are waiting more than 18 weeks for treatment. it wants to slash the numbers by nearly 500,000 by the end of march next year. ministers say there'll be greater use of the private sector, and more access to local testing and treatment centres. hugh pym has been talking to patients. that's all right. this is what the government wants to see a lot more

blinking in his exit interviews and they were softball ones at that with the new york times in the financial times. and he was singing his own praises saying america is stronger its enemies or a week or he didn't talk about security, which is something remarkable about this administrator. and never talked about anyone security. he thinks he did a bang up job and he's very, very pleased with himself passing the baton to.

and i just wrote an op-ed in the financial times and the headline was cdc needs to not an act so i want folkings to know the improvement so how are we different? we have listened and took action and that starts prioritizing what are the most priorities for us to take action on and starting with our response capability making sure we have the ability again to see and prevent a threat before it became a crisis. so we built a wastewater infrastructure, for example, for covid. but now we've been using for mpox for covid, so we've been able to take that asset and utilize it with we are now able to see into 59% of the emergeny rooms in the country in real time. so today i can pull up on the computer if we're seeing a cluster of say headaches -- in southern louisiana and then say whatsi is that trend over there it is just a trend but then ask more questions and right that early signal. third is we have different partnerships with commercial labs one of the things that we know we have toci learn from during covid was how to we get to high quality lab and have that be able to be scalable. so we

. >> the front page of the financial times this morning as the world breaches 1.5 degrees for the firstime in 2024. talk to us about that china piece of the story. it's clearly a leader in renewables and the globe is increasingly reliant on them but why is that country still burning so much coal? >> china is the biggest driver for coal demand globally and while the renewable capacity is growing and picking up a bigger share of the power mix, it is still outpaced by the growth in the country's power demand and such a gap is met by coal in china from domestic minds and international trade partners. coal is also needed to smooth out volatility in renewable generation and these technologies are highly dependent on weather, which can bring volatility to china's powers of life. >> what does all of this mean, then, for prices? if we expect demand to remain strong for coal what is the outlook prices this year? >> yes. prices have been falling since the beginning of 2023 but remains elevated compared with the pre-energy prices due to sustained demand. higher lng prices have been keeping the util

the financial times reports they received a -- an apartment in 2004 and a spokesperson said any suggestioncould be categorically wrong -- would be categorically wrong. and u.k. business confidence has dropped to its lowest level since liz truss's miniature budget more than two years ago according to a survey. in the majority of firms expect prices to increase as they pass on higher taxes -- taxes and a jump in the minimum wage. the lobby says business conditions are weak and more firms have slowed investments than accelerated it. and joe biden is set to ban new offshore oil and gas development across some 625 million acres of u.s. coastal territory. the move is designed to protect coastal waters in the communities that depend on them from fossil fuel development and the risk of oil spills. bloomberg understands biden is keeping the door open for new oil and gas leasing in the central and western portions of the gulf of mexico. shares of nippon steel are falling after joe biden blocked a planned takeover of u.s. steel siding a threat to national security. let's bring in kriti gupta. not une

more than 200 economistold the financial times that donald trump's policies will damage growth and thatmp's second term will spur inflation and lead to more caution from the federal reserve on rate cuts. brian westbury joined me now. they are not a fan of donald trump. i'm sure they uld find economists that reflected that but what do you think of donald trump's policies and will it lead to growth like it did in his first term? >> the federal reserve has i think 400 economists on staff and they said inflation was transitory. when you get a big group of economists together telling you this take it with a grain of salt. i'm not one of those 200. my worry about what trump wants to do, we need to cut spending and regulation and over the long-term, that will be really positive for growth. one of the things that has been boosting economic activity is deficit spending. so if we go from two years to $2 trillion deficits and musk and vivek ramaswamy and the trump team cut $1 trillion of that spending, only $1 trillion deficit and that is less stimulus so we might pay a price in the short-term to

we will check out the financial playbook. >>> and time now for aflac's trivia question. granted statehood on this date in 1959? >> i know, i know, i know. rela?nnd oh, that's in the future. the answer when squawk box returns. >> toronto. agh! cut! this gap! it's just too big. bring on the double! aflac! after my hospital stay, aflac helped close the gap by paying me cash for expenses health insurance didn't cover. nothing covers gaps better than the aflac duck. aflaaaaac! aflac. get help with expenses health insurance doesn't cover. find an agent, get a quote at aflac.com. you do look like me. mhmm! >>> now the answer to today's aflac trivia question, which territory was granted statehood on this date in 1959? the answer, alaska. the land was purchased from russia in 1867. >>> the sugar bowl between georgia and notre dame kicked off after being delayed a day following the terror attack in new orleans. the fighting irish beat the bulldogs to advance in the playoffs. they will play penn state in the orange bowl on january 9. the bowl season is part of the revenue surge in

ed joins us with his latest piece for the "financial times." "morning joe" is back in 90 seconds. back in 90 seconds. ♪ control is everything to me.♪ and now i'm back in the picture. feel significant symptom relief at 4 weeks with skyrizi, including less abdominal pain and fewer bowel movements. skyrizi helped visibly improve damage of the intestinal lining. and with skyrizi, many were in remission at 12 weeks, at 1 year, and even at 2 years. don't use if allergic. serious allergic reactions, increased infections, or lower ability to fight them may occur. before treatment, get checked for infections and tb. tell your doctor about any flu-like symptoms or vaccines. liver problems leading to hospitalization may occur when treated for crohn's. now's the time to take control of your crohn's. ♪ control is everything to me. ♪ ask your doctor about skyrizi, the #1 prescribed biologic in crohn's disease. >>> live picture reagan national, 6:25 in the morning. as we just mentioned meta ceo mark zuckerberg has announced major changes to the content moderation practices. senior washington cor

this is according to the financial times which says policymakers are looking to cut rates at an appropriatethis year and move away from quantitative loan objectives for growth. chinese rate, the main pboc main policy strument, is currently set at 1.5%. elsewhere, china is including smartphones and smart watches in consumption subsidies to promote domestic spending according to bloomberg which says by widening the trade-in program, beijing hopes to bolster demand and counter defects of any u.s. tariffs on exports. clearly, the authorities have started to think about what this could mean, the tariffs could mean for the chinese economy. we don't have that detail from the trump administration yet. >>> the u.s. treasury department aims to address national security concerns and under the new rule, u.s. companies that invest in chinese semiconductor, a.i. and quantum computing firms, that would face criminal penalties. at the same time, they added 28 companies to the export control list as it aims to safeguard national security and interests. our own sam vadas filed this report. >> reporter: chine

minister keir starmer from his role before the country's next general election according to the financial times reportedly looking to see how he can stabilize the government and possibly building support for the political movements in the uk such as the reform party musk will hold a live conversation on x tonight with germany's far right afd party candidate for chancellor that is weidel having previously called the party the only hope for germany. musk received pushback from olof scholz for his interference in german politics ahead of next month's election for more on musk's new interests in german politics and whether there's anything european leaders can do to prevent it, head online to cnbc.com. >>> as we approach the end of the show, here are the four things to get you up to date for the trading day. u.s. equity markets are closed to honor former president jimmy carter government bonds are amid a selloff in the biggest fixed income markets microsoft has confirmed to cnbc it will carry out perform-based job cuts we will hear from a slew of fmoc officials starting with philadelphia fed presid

peeking speaking to the financial times, he cited regulatory push back. u.s. banks have been pushing the watered down rules requiring them to hold more capital. moynihan's comments come as banks prepare the quarterly results starting tomorrow. for more on what to watch, let's bring in hugh son. hugh, good to see you. >> good to see you. >> yes. you say wall street's back. why is wall street back this quarter? what's the reason? >> the setup for banks is not as good and it has to do with wall street. if you look at trading and asset wealth management, they have tailwinds in the quarter. jpmorgan said they expect q4 banking to be up 45% and in trading, mid to high teens. as you know, stock values were close to record all last q4. you will have that market really lift the asset wealth management division of the big banks. jpmorgan is one example. other big banks have similar numbers here. you have wall street powering the q4 results and probably into 2025 as well, frank. >> let's talk about earnings. i'm looking at some of the earnings. morgan stanley eps expecte

a new opinion piece in the financial times is describing his final curtain call as, quote, tragic. the times ed luce contends the 46th president will be, quote, remembered chiefly for easing trump's return. and editor joins us now with more on this. >> ed, thank you so much. some light reading from you this morning in the financial times. you say that joe biden defeated donald trump, stood up to russia, enacted more reforms than bill clinton and barack obama, and bequeathed a robust economy that made biden a hero to america's left and beyond. yet most of his achievements will now be erased. his legacy is trump's return after biden the deluge. he largely has himself to blame. the greek tragic hero's defect is hubris. but is the flawed hero's nobility that gives biden a greek ending virtue and hubris, hubris were both present in his personal tragedies, explained. >> so, yeah, well, the greek tragedy is, of course, the hero is a brings his own downfall, is a flawed hero. >> and biden was undoubtedly a very good president until he wasn't. and where i think he wasn't was in failing to s

recently the "financial times" estimated greenland had a valuation of $1.1 trillion., to put that in terms you will understand, that's a lot. but trump seems to have different price in mind. >> don jr. and some of your team just got back from greenland. what's the price tag? >> well, maybe no price tag. [laughter] >> stephen: so just steal it? denmark, you're going to want to put greenland in one of those locked cases with the toothpaste at walgreens. [laughter] according to trump, don jr.'s recent visit proved just how much the greenland if an e.r.es love maga. >> the clips just released, the people greenland would love to become a state of the unit states of america. we were greeted with tremendous love and affection and respect. >> stephen: yeah, there's just one problem. according to danish media reports, all of those clips of greenlanders greeting donald trump were staged after don jr. rounded up homeless people from the area, promising them a meal in exchange for their participation. [boos] not only is that sad, it also excludes the newest greenlander, rudy giul

joining us is the chief learning officer at cornell medicine and the co-author of the financial timesomplete guide to effective mentoring. perfect person to talk about this, good to see you. i think i have heard from younger people, younger generations that they don't even know how to start to get a mentor. they see it as something they have to have so where should they begin? >> the first thing is do not ask someone to be your mentor. by asking them you are asking them to take on another obligation which sounds heavy. no one has time for that, so instead, make it contextual and time bound. tell them what you need help with, what you have done and how much of their time you want. so you may want to say, i was going to broadcast journalism. i have taken the degree and other internships, i don't know what else to do, can we meet for 20 minutes to talk about it? that sounds different, like there is a plan. >> i love that. a lot of people might focus on having one person, do you encourage that or should folks create a community of people? >> the one person mentor who was older and wiser,

he appeared to confirm an article in the financial times that he wants members to commit to spending 5% of the economic output and has been on nato since he took office for the first time. you fact checked him on his repeated claim that russia would've never invaded if you are president and rush of course was already fighting in ukraine. he threatened substantial tariffs on mexico. i could go on. what do we make of this? what does it tell us of what we will be facing starting january 20 if not already? >> this is the challenge of the trump presidency which is he will get up and speak for an hour and a half and he will say a variety of things that fall on the spectrum from very serious to kind of odd and hard to interpret and what are we talking about. often he said and i don't the geese it is today but he gets into whether toilets are flushing strongly enough and he has this meandering dispersive rambling style and sometimes hard to keep talk -- track of what he is talking about but in all of that is muddled as it is is serious stuff. what is the threat to the middle east of all hell

joining me now to discuss, peter spiegel, editor for the financial times, and max kaplan.nth. who is this far right wing afd part that musk is boosting and how much of an impact could he have there? >> it's hard to stay the impact. he is a far right almost neonazi party. you remember -- >> almost neonazi party. >> they forced leaders out of the party who basically said the nazis aren't as bad as you think they were. that's how bad this group is and he has said they're the only party that can save germany. they're now second in the polls, ahead of the governing part now, the social democrats. they haven't risen in the polls because of musk's backing. i think the question we need to find out as this goes on is there are a lot of europeans who don't like americans nosing into their elections. does this have backlash? right now afd is playing it to the hilt. their leader was interviewed by musk on social media. the european mission is thinking of intervening because the algorithms on x seem to be promoting afd to german users. there is real concern in europe he's using the pow

of course, there should be more improvement but where are we and i just note in op-ed in the financial times, the headline was cdc needs a caple, not an axe. i want folks to know the improvement a we've made. we've listened, we learned and took action importantly. making sure that we had the ability again to see and prevent the threat before it became a crisis, so we built a waste water infrastructure for, for example, for covid but now we've been using it for mpox, we are now able to see into 95% of the emergency rooms in realtime. today i can pull in the computer if we are seeing a cluster of headaches say in southern louisiana, we can say what is that trend over there? it just gives us trend and ask more questions and get early signals. third, we have different partnerships with commercial labs had to learn from covid was how do we get to high quality lab and have that be scalable? we have new partnerships with commercial labs that brings them in, frankly before day one, to say how can we work together on scalable diagnostics we need? we are doing it in avian right now which is where we w

i just wrote an op-ed in the financial times that said the cdc needs a scalpel, not an ax. i want folks to know the improvements we made. so how are we different? we listen, we learned, and we took action importantly. that started with prioritizing, what are the most important priority to take action on? it started with our response capability. making sure we had the ability to see and prevent a threat before it became a crisis. we built a wastewater infrastructure for covid. but now we've been using it for mpox, avian, covid. we have been able to take that asset and utilize it. we are now able to see into 95% of the emergency rooms in the country in real time. today, i can pull up on the computer if we are seeing a cluster of headaches in southern louisiana. then we can say what is that trend over there? it gives us trends and then we can ask more questions, get early signals. third is we have different partnerships with commercial labs. one of the things that we know we had to learn from covid was how do we get to high quality lab and have that be scalable? we have new pa

the investor and writer ruchir sharma will publish his top trends for 2025 in the financial times thiseek, and he's here to give us a preview. he is the chairman of rockefeller international and the author of what went wrong with capitalism. welcome, ruchir. you are brave to do these as well as intelligent as always, because you can always be proven wrong. you begin this, this year's list with a few. i think the first three are really all about your prediction of the end of the american mega boom. this this extraordinary situation where the u.s. stock market has really outperformed every other market in the world for so long. why do you think? what what what has gone up has to come down. >> well, fareed, i've been a big fan of america, and it's had an incredible outperformance streak both in economic terms and even more so in market terms. and we have this really unusual situation today where in economic terms, if you look at america's share in the global economy is just below 30%. but if you look at the global stock markets and the main indices, their america's share in that now is ap

and she writes a monthly column for the financial times on tech and governance. and you also wrote in foreign affairs this week i saw. so i'll ask you about that. and she's known around the world as arguably the leading political thinker on tech policy issues. so you also i also want to introduce you as someone in silicon valley. and i wanted to pull a few things from the book about this. you've been up close in silicon valley and you've taken meetings at facebook's headquarters to discuss regulation, only to be offered a copy of, lean in. that's right. you have observed otherwise, but. right. you have observed two democratic elections in kenya where private tech ultimately controlled outcome in some ways, as you describe in the book, you were named a terrorist by a blender, bought 3ai developed by metta i'm sure we'll get into that and you what my favorite you watched richard branson dance on a table on his private island at the second blockchain summit. while regulation talk was sidelined and much, much more. that we'll get into. but richard, thank you so much

inappropriate workplace behaviour, alcohol abuse — workplace behaviour, alcohol abuse and financial mismanagement during your timeofit executive. i should note that, the majority of these — should note that, the majority of these have come from anonymous sources in liberal media — anonymous sources in liberal media publications. but i'm going — media publications. but i'm going to _ media publications. but i'm going to give you an opportunity to respond to these allegations. as opportunity to respond to these allegations-_ allegations. as to chairman, thank you — allegations. as to chairman, thank you for _ allegations. as to chairman, thank you for that _ allegations. as to chairman, i thank you for that opportunity. you are correct. we undertook you are cor

it is a brand—new year, a time where financial institutions put out the economic outlook.able but possible scenarios outlined by the strategist.— by the strategist. tariffs inaudible _ by the strategist. tariffs inaudible because - by the strategist. tariffs inaudible because the| by the strategist. tariffs - inaudible because the world needs lots of dollars to continue to use the dollar as the global reserve currency but this is again like having your cake and eat it too so this weaponisation is a two side of risk for the us dollar and we think the trump administration could find while the dollar will remain the dominant global currency, we begin a process to these other major economic powers in the world finding alternatives to conduct trade outside the us dollar system and the dollar could actually fall quite a bit in a trump administration, so trump 2.0. the china prediction would be china launches a stimulus on the order of 50 trillion chinese again, not so much the prediction about the size, a huge stimulus if it were to be launched but also about the nature of the s

i'm sorry i don't know your name. >> simon from "the financial times." i want to ask about capital gains and the prospects for indexing to inflation. there's been speculation about the revival of larry kudlow and the nec. how big a priority should this be, if at all? is it something that can be executed via regulatory action? mr. hassett: i have seen speculation about that but i have not participated in discussions on that matter. i'm not informed on that matter. if there is something cooking or not cooking, i can't say. i'm not dodging your question, it's just that there are a lot of things going on, and a rule writing thing is something that i'm not informed. reporter: what about your views on capital gains tax and whether it makes -- dr. hassett: as a public finance economist indexing capital gains for inflation is a where the cachet worthy -- is a worthy idea. it is probably not nearly the big deal now that it was back when inflation was at a big number. if tax is supposed to be on real income, you should index capital gains for inflation. it is not

will see you subscribe to the showers from mexico city, but it is a long while for the you can time financial a y as well for costa rica and panama. and there's a sunshine dominating across the caribbean. hidden insides and communities across india. is it definitely fine, especially the world's largest importance in the uses, especially in new products, from roosting to call leaving work is with a dangerous one on the east investigate, especially in just sign in on out. is there a showcase of the best document? truth films from across the network on al jazeera, the, or the you watching out 0 reminder about top stories is an easy windsor helping 55, just to make headway as a try to contain several well, 5 in los angeles county, at least 11 people have been killed in thousands of buildings destroyed since choose these really mean latrice conducted numerous times across the m and say it was taught to increase the infrastructure. a prime minister benjamin netanyahu says the army will continue to hit him and in retaliation to the rebels, strikes on israel. know millions of suited needs to be force

will see you subscribe to the shower from mexico city, but it is a long while for the you can time financial a y, as well for costa rica and panama, and there's a sunshine dominating across the caribbean. the to understand the world. we must experience life through and now designs discover the stories forgotten. we split along the passage of time. the voices drowned out by the cane. within the ordinary, extraordinary to us and witness documentary the done veiled the trees and chains perspective. on $20.00 the the, [000:00:00;00] the, the guy you're watching out, is there a, a reminder of i told the story, is this our easing winds? helping sy fi just to make headway as they tried to contain several wild fires in los angeles county, the stem people having killed and thousands of buildings destroyed since tuesday. is there any military has conducted in numerous attacks across government, saying it was talking to you to use the infrastructure? is there any prime minister benjamin netanyahu says the army will continue to hit young men in retaliation for the rebel strikes as well. the us has hit r