guess we'll have to wait and see if this leads to any reforms appreciate your time that was craig homana government affairs lobbyist for public citizen. all the world's rich and powerful are joining forces in the picture asked alpine resort of davos to discuss a slew of issues one of them ironically is the issue of severe poverty it's something most attendees probably haven't dealt with much themselves but maybe forced to pay attention to it now it was brought to the leaders attention that the biggest threat to the local economy or the next decade is a wealth inequality artie's katie pell b m has more. so far here in davos it's all been about the essential the which is the reshaping of the well the consequences for society politics and business now we know that after day one that they intend to go out the window and people talk about what they want to talk about and this year it's been all about income inequality and the consequences of that and really here everyone appreciates that it's the biggest risk to the global economy but no one quite knows how to deal with that and it coincides

on down would have to be charged for providing tangible benefits to done earlier i spoke with craig homana government affairs lobbyist for public citizen for more on this case i first asked him if mcdonald was being singled out or if this was just the way politics works. this is how virginia politics works quite frankly virginia has had very lax ethics standards they've had no limits on gifts that lobbyists or other special interests can provide to public officials including the governor and when you don't have limits and you don't have adequate disclosure this is the type of scandal that happens this began as an ethics scandal last march and as you've noted it's now turned into a full blown fourteen counts of criminal charge in the mcdonnell's both by the way bob mcdonnell and his wife i have been charged with with essentially bribery and they're going to be arraigned in court on friday right she's been charged as well and i shape clearly from that long list we'll we read off their benefit in one way or another got at some fancy things there governor mcdonnell doubts he says that nearly

announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and homan above the strip mall f roble avenue. ♪ this magic momt it is 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 rt of some of the world'great stories. that began much the same w ours did. in a lile dorm room -- 2713. ♪ this magic moment ♪ >> ab added texas arrested for warning drivers of the upcoming speed traps. why did the police arrest him? will next guest is here. you are squaring off but let's hear from this young man directly. >> they hide behind signs come up with the sun going down without lights i felt it was not safe not just for citizens but for the police officers having to do their job. gerri: that is a good point. doesn't he have free speech? >> he is in the media and of the six lane roadway wave being the us a line around. that is a danger. gerri: it says that there is a speed trap. >> that is not why they ever arrested him that he was advertising on private property. there is no statute that says you

and david ed homan. thank you very much. [inaudible conversations] been that we are in the gallery at the washington museum. we are looking at polanski center, 1775 to 2012. the purpose is to highlight the rich, cultural heritage of the planets frozen frontiers. the alpine regions, arctic antarctica. it's a photograph of german artists, dating from 2008 and is exhibited side-by-side with the photographs by camilla seamens, also of east greenland. her last iceberg series of 2006. many people understand the importance of ice for the planet, reflective qualities that help regulate the claimant. many people are unaware if there is a new consciousness in western culture about these regions. so it was important within the context of climate change to let people know the these regions are fundamental to her identity. >> there's been a decline of education, moral education and replacing it with aspects of his programs for various therapeutic approaches. we have a tried and true method of civilizing boys. through good sportsmanship,

homan said he is still bullish on those countries but sees and improving consumer market in the u.s.. >> there is a lot of expiration and consumers are trading up. you get significant amounts of people entering the middle class every year and that feels out growth in emerging markets. organization is a trend that requires exchange. andumers have to downsize that changes that behavior. we have different strategies for different regions. >> shares are trading higher in london by one point one percent. we are approaching 26 minutes past the hour and it is time to go on the markets. u.s. stocks are starting this week with gains. the s&p 500 advancing for the first time in three days. raising its global growth forecast to 3.7% up from an earlier prediction, given back in october. the industrial zone is lagging a bit behind. ae nasdaq is holding up by third of one percent. much more coming up. we will be heading back but we will also talk about washington wanting a piece of bitcoin. that is coming up. keep it right here on bloomberg television. ♪ >> live from the world economic , switzerlan

lori: atlanta hawks steve homan joins us with how it played out in the city at tonight's nba game againsted the day on wall street. let's head to the stock exchange and check in with nicole petallides but the emerging market fading

lori: atlanta hawks steve homan joins us with how it played out in the city at tonight's nba game against the detroit pistons. so much for the relief rally did started the day on wall street. let's head to the stock exchange and check in with nicole petallides but the emerging market fading fast. nicole: emerging markets problem, also technical levels, the dow jones industrials down 137 points, the lowest down 174 points. we are of of the lows of the day but seeing the down arrows and i will get to why dow is down. you can thank belling for that but there are concerns about earnings going for. many companies reporting despite concerns about 2014, tepid outlook for these companies made everybody worry. we want to see what the open market committee said to policymakers and the vix to the upside. let's get back to boeing. the worst performer on the dow jones industrials 6%, it is accounting for 52 negative dow points. the dow, 1-third of the dow's loss is boeing. when you take a look at the s&p 500 that may be a better theme of 1/2%. boeing came out with a weak outlook for 2014. >> the move

delay the decision on issuing a presidential permit, says the letter that was spearheaded by john homannews about the obama administration, 3 million and rolled in health policy. this is the headline from the washington post today. the obama administration says that is behind initial projections. brad is waiting in michigan. good morning. your thoughts on these primary changes. of caller: people need to read section 1401 and 1409. both party put up illegal candidates. republicans cuts two or three there. it is just ridiculous. the two chinese -- a chinese citizen is a citizen by national right, not man-made law. that is all there is to it. let's go to gym in garfield, new jersey. arfield, new g jersey. caller: i thought the republican debates were some of the republic -- was some of the best television. they booed the gay soldier and "theyhe one guy said healthdie" in regards to insurance and everyone cheered. flabbergasted. they should have no debates if they want to have a chance. once they spread their views to the american people, how ridiculous and backward they are, you lose every