over to you, sarah >> good morning, dom joining me this morning is jim fitterling, the ceo of dow chemicalwe are actually participating on a panel together here at the world economic forum about plastics. that's sort of interesting because you are getting out front on this issue for a company that makes plastics, some might be scratching their heads as to why you are tackling plastic waste. tell us what you are here to do. >> so last week in london we launched the alliance to end plastic waste. this is a cross-industry value chain alliance this is the first time -- this is the biggest alliance that's ever been put together to tackle this issue, and as you know, over the past year or so, the image of plastic waste in the environment, especially in the ocean, has captured the imagination of the word, and everybody agrees that it's a problem, including everybody in our industry we've gathered brand owners, retailers, waste management companies. all the resin producers in the plastics industry together have committed $1.5 billion to this initiative, and obviously, that's capital that needs to

. >> reporter: and you heard jim fitterling talking there of dow chemical about the end of the year,amp in 2019 in fact, he went on to tell me that if we get these policies and politics solved, which are the chief risks for the global economy right now, brexit, the shutdown and most notably the trade fight between the u.s. and china, he says we could see pent up demand toward the end of the year if those issues get resolved, and carl, that is a big if >> one of the many opinions on global growth coming out of davos today. sara, thank you. our sara eisen in davos for us this week. let's get over to sue herera and get a news update. >>> here's what's happening at this hour, everyone. white house press secretary sarah sanders says democrats need to decide if and when they want to work with president trump to get thousands of furloughed workers back on the job. >> all right, that obviously was the wrong video. let's tell you about denver teachers they have voted overwhelmingly to go on strike more than a year of negotiations on base pay. the school district says it will turn now to subst

when we come back we talk with the ceo of dow, jim fitterling is here as well as steve schwarzman anding up next. baseball length end mariano rivera making history with his hall of fame selection. and metallica weighing in, the band's reaction. back if -- back in a moment. ♪ ♪ [friend] i've never seen that before. ♪ ♪ i have... ♪ i have... carl, i as my broker...invite here. what am i paying you to manage my money? it's racquetball time. ♪ carl, does your firm offer a satisfaction guarantee? like schwab does. guarantee? ♪ carl, can you remind me what you've invested my money in. it's complicated. are you asking enough questions about how your wealth is being managed? if not, talk to schwab. a modern approach to wealth management. maria: former yankees pitch mariano rivera elected to the baseball hall of fame. jared max has sports in new york. >> no player had ever been voted for on every hall of fame ballot. after mariano rivera learned last night he had been elected as expected as the sun rising, rivera learned this: >> i have another piece of news. >> yes? >> you are the first perso

you're going to get dow run by jim fitterling overall not a number investors are happy with. >> you can'tecause 75% of the business was good, but 25% was bad. it turned out that oil going down was terrible for them bargain hunters will come in because of the split they will come in because the organic growth -- there was some organic growth there's not as much negative reaction as i thought because they know there's a split coming china gave them a little deal in the last couple of weeks i was disappointed because housing was bad, autos were bad and plastic was bad. the last four weeks was a j. powell bonanza if he had called ed breen, he would be cutting >> understood. >> right >> yeah. >> he's going to be retiring. >> yes >> now, he has a business that's involved with semiconductors what do you think? was he the guy who turned it down, the intel job? >> stop with this intel job. >> no, i'm not stopping with the intel job. >> fine, don't stop. >> i'm not stopping. >> don't stop. >> because i am blflabbergasted. >> my understanding on why mr. swan took the job is that he didn't really fee