i'm francine lacqua.vent is supported by bloomberg philanthropies with the imf and the world bank. the heads of those organizations also took to the stage with the bloomberg board of directors chair mark carney to discuss the importance of cooperation for their partnerships. mark: an open-ended question. what changes are underway that you think will have some of the biggest impacts going forward with respect to the world bank? ajay: the fact that these two institutions can actually work in a way they were designed to work 80 years ago. that doesn't mean you should not change what is changed in the environment. the idea of creating a macro focused institution with a development focused institution and find a way for them to make two plus three equal five is important. and while that doesn't show up every day to everybody in a system, for those who work with us, it does. i think that is one big piece. the second big piece is to expand. mark, i'm giving you the plumbing of the institution right now as compar

>> hi, everyone, i am francine lacqua and welcome to the bloomberg global business forum. i'm here at the plaza hotel in midtown manhattan to bring you some of the events, headlined by president biden, and bloomberg founder michael bloomberg. that's where we will start. mr. bloomberg: none of the challenges we face can be sold by governments alone. all of them require cooperation not only across borders but governments and businesses. the more the two groups work together, the better position we will be to seize opportunities to save lives and improve people's lives. pres. biden: is the perfect time to go big, the economy is booming them a the fed just announced a lower interest rate, which should give is this more confidence to invest trillions of dollars in the industries of the future. i'm doing my part to invest more and do more. francine: the goal of the global business forum is to bring together leaders from government and business to assess risks and opportunities impacting global markets. at the top of that list is ai. here is erik schatzker. >> we live in an extra

i am francine lacqua, and welcome to the bloomberg global business forum. the plaza hotel in midtown manhattan to bring you some of today's events, headlined by the u.s. president joe biden and bloomberg founder michael bloomberg. that's where we will start.

i am francine lacqua, and wel

she told francine lacqua on "leaders with lacqua" goes green about their ai prospects. >> ai can be partthe solution and is a problem of the same time. if i start with the problem, ai data centers consume a lot of energy and need a lot of water. actually we are providing services to the companies doing ai and it is a growing market. on the other side, ai can benefit ecological transformation saving water and energy, so on and so forth a nd make a company like veolia more efficient. tom: if you want, watch the full interview on "leaders with lacqua" goes green airing 9:30 p.m. new york time tonight in the u.s., 6:30 p.m. london time on thursday. boeing shares advanced yesterday after the planemaker took a step towards raising $25 billion in bond or share sales to help withstand a long strike. secured a $10 billion credit agreement with u.s. banks. the funds could help boeing improve its bargaining position with striking workers who want higher wages and a reinstatement of pensions. adidas raised its annual profit target for the third order in a row thanks to be sustained boon for retro sn

markets and talk about the story of the day we will talk about francine lacqua's interview with european central bank president christine lagarde. they discuss how the ecb views of the u.s. economy and uncertainty around trade policy after the u.s. elections is expected in just two weeks. president lagarde: fair trade is a key boost for growth, employment, innovation, and productivity. it is something we shouldn't throw away. in any period of time where this country, the u.s., has thrived, were periods of trade, not a period of i will retire behind my boundaries and play at home. no. sonali: a big u.k. media outlet called the u.s. economy the greatest on earth right now. do you agree? where does that leave the rest of the world? president lagarde: it depends where you are on the social ladder. you have to go further than looking at the sort of aggregate numbers or the average numbers. it means -- it depends on where you are on the latter. if you are at the bottom of the latter, if you have a small job with not much income, i am not sure being in the first and best economy in the world. e

in an interview with francine lacqua he said it's tough to see another 50 basis point cut given the growthu.s. economy. >> more policies by more government tend to be more inflationary than deflationary. with that in mind it is hard for me to see another 200 basis points of decline. yahaira: he went on to say that there is more room for easing, but not as much as the forward curve would indicate. the abu dhabi national oil company agreed to purchase a german oil company for 12 billion euros in what is lining up to be the biggest middle eastern acquisition of a european firm, marking their biggest acquisition to date, helping to diversify their state owned operations at a time when oil dependency has slowed. 200,000 jeep suvs are being recalled globally because of the risk they could catch fire. stellantis said that it affects recent models of the wrangler and grand cherokee plug-in hybrids in the drivers should avoid recharging the vehicles until they fix is ready. it's their latest blow amidst unrest from dealers who say that they cannot get those cars out jonathan: there lots. jonathan:t

after yesterday's selloff. 4.1897 after breaching 4.20 to kickoff the trading week. 10:00 a.m., francine lacquat conversation on bloomberg tv. tomorrow tesla and boeing report. thursday, another round of jobless claims. s&p global pmi's. earnings from ups, southwest and american airlines. on friday, u.n. sentiment. lisa: i want to see other earnings in particular with ups because that used to be a bellwether. the earnings will get more interesting at a time when the other data is messy. at a time when people are talking about hard landing, soft landing and confused about the election, i want to hear from the company executives. annmarie: kamala harris is sitting down with nbc, former president trump in miami and north carolina today. it is the final push. one of the latest promise is going to be 14 days out? jonathan: i am looking to the part of this program where lisa will tell you more about her toilet paper preferences. lisa: i think a lot of people would agree. there are small luxuries in life but you can go forward even if you are a student and that was one of them for me. jonathan: just t

francine lacqua singh down with an exclusive conversation with christine lagarde -- sitting down witht rates, why are you cutting interest rates again at the ecb? lisa: why aren't you more confident in the disinflationary process if you see that weakness coming down the pipe economically? jonathan: are we fed independent, election independent, china independent? lisa: we will be independent of this conversation until we start on monday. that's all i can say. jonathan: from new york, this is bloomberg. ♪ ♪ ow! whoa! watch where you're going. yeah mom, pay attention. what if it's a concussion? hang on, i'll look it up. uh... i'm probably fine... probably? we noticed something wasn't right and got her to a doctor. i thought i was okay, but i had a concussion. sometimes, it's hard to tell on your own. don't mess with your melon. if you hit it, get it checked. jonathan: 15 minutes ago the ecb reduced interest rates by 25 basis points. next stop for the federal reserve's november 7, with a lot of data in between. some of that set to be distorted by hurricanes. we are waiting for some of tha

francine: on this episode of "leaders with lacqua," i travel to the firm's headquarters in copenhagen, denmark. i asked lars fruergaard jorgensen about the global sensation, how he is navigating the company's meteoric rise, and the sweeping changes they could bring across a range of industries. lars, thank you so much for being on bloomberg with us. lars: francine, thanks for having me. francine: after decades of research, basically, novo finds a molecule that changes everything, in terms of weight loss drugs. were you taken by surprise at the appetite, actually, for these drugs and how mainstream they are? lars: yeah, i would actually say there are many surprises when you get a product like that. it starts with surprises in the innovation, because there are many shots being made on goal, and most fail. and the winner is often the one that surprises people the most. francine: so, why do you think this, i guess, surprise or success was unexpected? did it capture something in society that you were not ready for? lars: i think we have seen, first, many decades of our company was focused

francine: in this episode of "leaders with lacqua," i speak to bruce flatt about the secrets of his success, the outlook for commercial real estate, and his own future. bruce flatt, thank you so much for coming on "leaders." bruce: how are you? francine: i'm great, because i'm speaking to you. brookfield has gone from, like, strength to strength. if i was a martian meeting you for the first time, how would you describe your company? bruce: we invest in, buy, and own the backbone of global economy. when the water gets delivered to your house, the roads you drive on, the pipeline that brings different things to your community, the telecom towers that transmit your phone, the data center, the real estate that you live in. it's what we own and build. so it's really what drives the economy, and you don't often see our name. francine: is that a good or a bad thing? bruce: you know, it's just because we are behind the scenes. but it is big with $1 trillion of assets almost. we are behind a lot of the things of the global economy. francine: so being low-key, do you think it gives you strength? bruc

francine: in this episode of "leaders with lacqua," i speak to robyn grew about diversity, purpose, and what the future holds in an ever-changing world. robyn grew, thank you so much for joining us on "leaders." the world is a bit strange. there are so many poly-crises, or whatever you want to call it. it is just difficult to get a handle of what comes next. robyn: yes, yes, that would be the shortest answer i could ever give, yes. it is difficult. i think that if this year has taught us anything, it is that prediction is not our strongest suit, perhaps, and that is not just in relation to markets, but in relation to these big geopolitical events that we are still living with. francine: but it is quite incredible to think that we are in a better place. i feel like every six months there is like the doom and gloom crew saying, this is it, interest rates have gone too much, and we need to reevaluate what happens next, and yet the economy holds. robyn: i think that's right. i think when we talk about it and we have this conversation about higher for longer, which i still say out loud and t

francine: on this episode of "leaders with lacqua," i speak to leena nair about her professional and personal journey, how it defines her leadership style, and her unique approach at the top of luxury. leena nair, thank you so much for joining us here on bloomberg. leena: delighted to be here. francine: what's it like being a chanel chief executive? leena: it is the best job in the world. it's creative, it's energetic, it's vibrant, the sector is doing well. it's a great place to be in. francine: so what kind of difference do you want to make at chanel? is it on the business, is it longevity, is it what it stands for, is it sustainability? leena: you know, i want to lead chanel into the future along with my team. and lead chanel into the future by protecting what's core to us, by protecting our differentiation, protecting what's unique about us. and by evolving as a scaled, iconic business and brand. it is always important to understand the context we operate in. the context we have externally is very, very dynamic. geopolitical uncertainties, macroeconomic challenges, inflation, com

francine: in this episode of "leaders with lacqua," i speak to emma grede about her rise to the top, measures success, and why diversity remains elusive in the world of fashion. emma grede, thank you so much for joining us on bloomberg. emma: thank you so much for having me. francine: this is so exciting. i mean, you represent so much for so many people. everything you touch, all the businesses you touch turn into gold. did you ever think that you would be such a success? emma: no. and that is mostly because most of the businesses that i touched early in the days didn't turn to gold. [laughter] i love this idea of like, overnight success and i feel i would love to continue to perpetuate that myth, but i have just done a lot, and there has been a lot of trial and error along the way. and i feel like i have probably done every job imaginable, from having a paper route when i was 12, to working in a deli, to working in shops, to starting things that were less successful, to starting things that had medium success. i feel like there has been a long journey and i am really thankful that n