henrique meirelles: it different ways and in different times, after the crisis of 2007 and 2008, we hadt crisis. as a result of that, we had a central road in the recovery. that is over now. it is much less important than it was during that time after the crisis and today we don't also have the kind of problem we had before the crisis when we had some risk of inflation because the economy was moving well. now it's different. we don't have a liquidity crisis. we don't have a crisis of credit anymore. inflation is low. that is a moment for the central banks to be quieter. it i would like to add something about the question of populism versus inequality. i think there is a local phenomenon and global. the local is indeed europe created that welfare state. it took care of the lower level income and created a society. it was a solution. the problem is very specific, the immigrant community. in a similar way, the center as we call it says maybe government is taking too much care of the newcomers. that is a specific phenomenon that is not the same, but it comes together with globalization. the

henrique meirelles: if we go back to christine's point, globalization is allowing for massive numbersople to get out of poverty, to get into the middle class. as a whole, it's definitely working. if you take the globe, the effect is extremely positive. what we are talking about here are a specific or people in the developed countries in which on one hand they are feeling left out and not being looked upon because they feel they are losing. the economy as a whole is working better, there are cheaper goods to be consumed by everyone, particularly the lower level incomes. i think we are talking about some specific policies and they need to address that question of the developed economies. particularly those that are losing. this is a question of training and allowing those people to get higher-paying jobs or jobs which create more value. that is a net result of globalization. the question was how to make that group take advantage of them. if we look at the world as a whole, there are hundreds of millions of people getting out of poverty, which would not be the case if the markets are clo

fernando henrique cardoso: from that point on, i believe that the brazilian people became more and more of the importance of environment. so in 20 years, the change was like that. in 2002, it was already clear that the brazilians had much more more awareness of the problems of environment than other people. on the other hand, we were burning our forests. it took 10 years to realize this is no longer acceptable. we created a system to protect -- the forests. michael bloomberg: governments are responsive to citizens' demands. you don't think so all the time, and there is some friction in it. but fundamentally, governments only exist with the consent of the governed. and so, if the public demands cleaner air and cleaner water, and less traffic and whatever, the government will deliver it. and if you say you do not believe that, just take a look at china. 10 -- it that it has has 10 of the biggest cities, all of which are well over 10 million people, you can't see across the street. you are breathing that air. it is disastrous for your health. everybody knows it. and the communist party tha

steve cortez, as henrique points out. has he been inconsistent? immigrant, i do say illegal immigrant. if you bring into my home at night, you're not in a document a visitor, you're a thief, a burglar. i think it matters, the terms we use. we have just "plain english and may have to be honest about the situation. when it comes to century cities, the people who suffer the most are latinos because largely, these people are hiding in plain sight. these criminals were hiding in plain sight are terrorizing latino communities. president trump, thank goodness, is going to bring sanity back to this country. we know there are people who are not supposed to be here in the first place, and on top of that, are committing crimes and are dangerous in the country. they need to be gone yesterday. >> eric: henrique, say you're the mayor of san diego. at your city needs money, for cops, border security. the defense says you'd turn over illegals or you don't get money. >> there's been hayward's in the past this terminology translate translates. in san diego, we have

trump will meet with mexican president henrique pena mieko next week. mexican officials say they can leave the north american free trade agreement if they are unsatisfied or he. nicole: print orders that they had terrorist ties. since ties. since then the u.s. refugee program and reduce funds to cities that do not arrest or detain illegal immigrants. transcend more executive orders to revive two controversial pipelines that were blocked by the upon administration picked the code asset pipeline in the keystone exile. >> going to renegotiate and if they like, we'll see if we can get a pipeline built. great construction zones. lauren: tribe ordered the pipes he made in the united states using u.s. steel. tree into keeping a close eye on markets as the dow approaches down 20,000. a rally in japan did help to boost up features over getting caught up in market action overnight. we started in asia. all pharaohs. we don't often see this. lately it's a mixed bag, but all green. the index up one quarter of 1%. hong kong's hang seng up half of 1%. korea's cosseted

henrique: it is over now.is much less important than it was during the period after the crisis and incidentally, today, we do not also have the kind of problem we had before the crisis, when we had some risk of inflation, etc., because the economy was moving well. now, there is a difference. we don't have a liquidity crisis , a credit crisis anymore, and inflation is low. evidently, that is the moment for the central banks to be quieter in this scenario, but will is definitely -- time come. something about congressional populism versus inequality or what the reason for that. i think that we have local phenomenon and some global phenomenon. the local ones is, yes, indeed, by a welfare state, took care of the lower level income, etc., and actually creates a society which was a solution, but the problem now is a very specific one. there are immigrants coming, and now, in a similar way as larry pointed out in the u.s., the center, as we call it, saying "well, maybe government is taking too much care of these newco

trump plans to meet with mexican president henrique pena nieto next week. the wall is the top of the agenda along with the review of the north american free trade agreement. >>> they're in fear of potential deportation, they're in fear of potential rape. they are living wondering what's going to happen. >> but they weren't the only group. members of greenpeace also rallied over trump's environmental policies. they scaled a construction crane near the white house to ensure their message was heard. >> i'm standing here on top of a crane 300 feet in the air over the white house, where we have just deployed a banner. this banner is a message to the administration. >> the protest continues for nearly four hours. police closed nearby roads to traffic. there was a rally on with wall street. on trump's promise to generate jobs. and the dow jones industrial average closed above 20,000 for the first time ever. >> trump is putting a lot of effort into infrastructure. he has okayed oil pipeline projects and even the wall, someone has to build that. investors like that

henrique meirelles: in different ways and in different times, for instance after the crisis of , 2007s a result of that, at that moment, they had a central road in the recovery. evidently that is over now. evidently now their role is much less important than it was eriod after the crisis, and today we don't also have the kind of problem we had before the crisis when we had some risk of inflation because the economy was moving well. now it is a completely different question. we don't have a liquidity crisis. we don't have a credit crisis anymore, and inflation is low. evidently that is a moment for the central banks to be quieter. in this scenario. and also i would like to add something about the question of populism versus inequality. i think there is a local phenomenon and a global phenomenon. yes, the local is indeed that europe created that welfare state. it took care of the lower level income and actually created a society that was happy, and it was a solution, but the problem now is a very specific one, the immigrant community. similar way, as larry pointed out, the center as we

. >> so far henrique penny eight in nato. it started wednesday when the president signed the wall executive order. he followed that up with a video essay in mexico well not pay for the wall. maybe they should just cancel the scheduled meeting next week between the two and he followed that up with a tweet of his own. they informed the white house that the meeting is off. they suggested it was a mutual decision. we had agreed to cancel our plan meeting scheduled for next week. unless mexico is going to treat the united states fairly with respect such a meeting would be fruitless and i want to go a different route. he also floated an idea of how he might indeed pain for that wall. back to you in new york. president trump chief of staff did walk back that proposed import tax. they were considering it as a buffet of options. they could force americans to pay more. according to the government they imported $285 billion worth of good for mexico in 2015. cars were the biggest import. $74billion. in $1.7 billion on snack food. senator

president henrique pena nieto repealing the order to build a portable between the two countries and reiterating mexico will not pay for it. the decision to rethink this visit comes amid growing outrage in mexico and a sense among many bad pena nieto has been to make in the face of donald trump's health policy stance. a big deal in the health care industry today. johnson & johnson, the biggest maker of time actelion is the biggest company. $30 cash. the deal which ends weeks of back-and-forth negotiations give j&j access to the company portfolio of drugs for rare diseases. we have deals, corporate earnings in dow futures higher. nasdaq of 14. looks like the dow will fit onto his stick above 20,000 at least in the first moments on wall street. nicole: joining us now in studio, the impact of the dow industrial closing 20,000 for the very first time ever. keith let's can the senior vice president, thanks for joining us. you're feeling up to mistake if you look at particular levels. first of august that there is even sell programs in place there. what is the next leg? you look a lot of the technical

but henrique pena nieto will not be paying for it. >> sean: but he is trying to meet with donald trump. why? because they lost carrier, chrysler, ford and probably a lot of other money and the peso is taking. joining me, senior advisor for fox -- you went to trump tower today. >> i just loved him. i came in second, he was my former boss on the apprentice. we actually joked about, imagine if i had beaten lisa gibbons in the current climate. it was great seeing him and melania was so great. there with mr. and mrs. blunt. they were leaving senator blunt reminded donald of something he knew, that even when he was down and out, president-elect trump, i only said he has it chance. a fighting chance. >> sean: he always liked him. >> melania remembered erica's name. they invited us to the white house. it was that kind of visit. very friendly. what you say to the all the snowflakes out there, on your side of the aisle some times that are freaking out at everything he does? >> i'm just going to reject what side of the aisle i'm on. i am a rockefeller republican. >> sean: a liberal republican. >>

. ♪ >> eric: breaking this morning morning, mexican president henrique payne young a joke came out swinging> i am saddened with the decision to continue with the construction of a wall. mexico does not believe in walls. i've said time and time again mexico will not pay for any wal wall. >> eric: you cancel a meeting with the new president? mr. trump followed up this afternoon with this. >> the president of mexico and myself have agreed to cancel our planned meeting scheduled for next week. unless mexico is going to trade the united states fairly with respect such a meeting would be fruitless and i want to go a different route. >> eric: note to mexico, do you want to take off your biggest customer? 80% of your exports across the border into the u.s., your biggest customer. $270 billion worth per year. mr. pena nieto, are you sure you don't want to pay for the wall? bob, sean spicer this afternoon had the idea of the 20% border tax, floated the idea. we buy $270 billion was worth of mexican goods. $54 billion per year versus a $10 billion border wall. >> bob: karl rove just said exactly the r

. >> looming over the meeting, the president's continuing diplomatic feud with mexican president henriqueena knee at her. writing, quote , mexico has taken advantage for long enough. the very weak order must change now. a half-hour later, the president was on the phone to pena nieto for an hour trying to move the ball forward. >> it was a very, very friendly call, but as you know, mexico with the united states has out negotiated us and beat us to a pulp through our past leaders. they have made us look foolish. we have a trade deficit of $60 billion with mexico. on top of that, the border is soft, the drugs are pouring in, and i'm not going to let that continue. >> in a readout of the call with pena nieto, the white house said, "both presidents recognize they are clear and very public differences of opinion but have agreed to work these differences out." president trump again made it clear he is not about to roll over on the issue. >> i am representing the people of the united states, and i am going to represent them as somebody should represent them, not how they have been represented in

trump taken a call from president henrique beneath the two discuss trade, immigration and border securityesident will welcome british prime minister theresa may to washington on friday. a motorcycle driver lucky to be alive this morning. take a look at this insane crash caught on camera. the writers emigrated the back of the car in a washington state highway command landed on top of the car. the man holding on for dear life for a quarter of a mile before the driver finally stopped. police say the driver of the car was drunk and now faces charges. transfer the driver of the car was. >> who will play out in the super bowl in houston. green bay packers and atlanta falcons and ran on fox at 3:05 p.m. eastern. a showdown between the pittsburgh steelers and new england patriots and foxboro game starts at 6:40 p.m. a good day of football today. pete: can't wait. so much politics in an odd duration. a look at the forecast -- feeling fantastic out here. new york city temperatures sitting right into the middle 40s. not the case for everyone. you are talking about happening in georgia appeared vague