mr malpass has criticised the bank's starting concerns he will reduce the role if he is appointed.ass was a senior economic fire to donald trump in the 2016 presidential campaign, so in the 2016 presidential campaign, so and early donald trump supporter, but the nomination of has caused worry that he will try to diminish the role of the world bank. that is because he has said in the past that international financial institutions are corrupt, inefficient, spend too much money and are generally rather useless and that might make him an odd choice to run one of the biggest financial institutions in the world. but the white house on wednesday really moved to counter that perception, saying that mr malpass is committed to modernising the bank and making sure there is more accountability by borrowers. the executive board of the world bank makes the final decision on who will become president, but traditionally the united states has a lot of influence on the selection process. the bank said it will make its decision by april. the us treasury secretary steven mnuchin confirmed he and other

mr malpass has been responsible for overseeing us involvement in the world bank and imf. l choice, as an outspoken critic of the institutions — as samira hussain reports. david malpass was a senior economic adviser to donald trump during the 2016 presidential campaign, so an early trump supporter but the nomination david malpass has caused some woi’i’y nomination david malpass has caused some worry that he will try to diminish the role of the world bank, and that is because he has set in the past that international for natural institutions are corrupt, inefficient, spend too much money, and are generally rather useless. and that might make him an odd choice to run one of the biggest international financial institutions in the world, but the white house on wednesday really moved to counter that perception, saying that mr malpass is committed to modernising the bank and making sure there is more accountability by borrowers.- treasury, i'm proud to say that underyour treasury, i'm proud to say that under your administration, mr president, we negotiated a major capital increas

mr. david malpass. i have known david for a long time. very extraordinary man. with us today are david's wife, adele, as well as his three children. i want to thank you all for being here and i want to congratulate you all. thank you very much. [applause] president trump: we're pleased to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as well as ambassador bob lighthizer. how are you doing, bob? how are you doing with china, bob? it is going well. linda mcmannon, and treasurer and thank you all for being here. and, ivanka trump, and kellyanne, and a lot of great people. following the resignation of the former president of the world bank, dr. jim yong kim, i launched a broad search for a replacement. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world bank as undersecretary of international affairs at the department of the treasury, david brings 40 years of experience in economics, finance, government, and foreign p

so why is mr malpass a controversial pick?ome have also noted that he has fewer qualifications than the other contenders. let's speak to our business reporter samira hussain who's in new york. does it matter who is the head of the world bank? that depends on whether you think the world bank really matters. if you are someone who believes that it still does, who leads that institution is really quite important. of course his nomination by the trump administration is raising a bit of debate about what the future holds for the world bank, given some of these scathing remarks he has made in the past. about these big multinational institutions like the world bank, calling them really big and inefficient. there are people worrying about what this means for the future of the bank. the white house's senior administration officials has pushed back saying what we want to see is a more modernised version of the bank, and he is someone who can do that. this is one thing that people may not be aware of, but china is one of the biggest borr

mr. malpass is superbly qualified to lead and even reform the world bank that tries to help developing countriesers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next stuck in -- [inaudible] have a good weekend. ♪ >> from the fox studios in new york city, this is maria bartiromo's "wall street." maria: happy weekend to you. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo. coming up in just a few moments, two fantastic guests this weekend for you. technology investor, former mark zuckerberg mentor, roger mcthatmy is with me, and the dallas federal reserve president and ceo robert kaplan giving us a sense of where we are in the economic movements up or down. technology stocks reigned supreme this week, netflix, apple, amazon, social media giants facebook all helping push the broader

mr. malpass is superbly qualified to lead and even reform the world bank that tries to help developing countries bureaucracy has shown itself capable of driving out reformers before. this may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next week. thanks for watching. ♪ ♪ >> the commonwealth of virginia in the midst of a political crisis. governor ralph northam speaking out in his first interview today since a racist photo surfaced last week, telling "the washington post" he wants to focus the remainder of his term on, quote, racial equity. meantime, lieutenant governor justin fairfax under immense scrutiny after a second woman came toward -- forward to accuse him of sexual assault. hello, everyone, i'm arthel neville. eric: and hello again, or arthel. i'm eric eric shawn. there are mounting calls for the

mr. malpass is superbly qualified to lead and even reform the world bank that tries to help developing countries be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next week >> a tv hitmaker loves animals. >> he turned that creativity on animal rights, and it was unbelievable. >> one dog he rescues is off-the-charts dangerous. >> if it's a scale from 1 to 10, columbo's a 12. >> when the hollywood owner dies, columbo becomes their strange -- and expensive -- inheritance. >> acupuncture for a dog? i know we're in los angeles, but really? [ dog growls ] >> is it all worth it? >> your kids could get hurt. you're willing to take the risk. >> we made a commitment to healing dogs and showing other families how to do it. >> welcome to the weird world of pet inheritance. >> so, are you leaving your home to the birds? [ bird squawks ]

mr. malpass is superbly qualified to lead and even reform the world bank that tries to help developing countries may be mission impossible but hopefully, david malpass, like the tv show, will actually win this one. paul: well, good luck to him. all right. and remember, if you have your own hit or miss, tweet it to us @jer on nfc. finish fnc. hope to see you right here next ♪ ♪ lou: good evening, everyone. president trump's state of the union address last night gave the nation an emphatic hallelujah moment it was a speech and a moment worth waiting for. the spectacle of the joint session of congress, the trappings of tradition, history and, yes, power. the power of the presidency on display as mr. trump stood before the members of the other branches of government, the high court, the house, the senators, the president delivering his speech in perfect pitch; earnest, plain-spoken, his manner as always direct and authentically trump. dramatic, compelling and so very obviously the leader of the

mr. malpass: i would like it to be more effective.are deeply about the mission of the world bank and development, in general. if we think about the world, there's still a lot of poverty, extreme poverty in some cases. but in general, more growth for developing countries. that means higher living standards. and that comes back and benefits the united states. it benefits europe. all of japan, of course, all of the major shareholders of the world bank. it's engaged internationally in trying to have more growth, higher living standards, and better practices around the world. alix: the boe and central bank delivers its latest assessment on the economy. that decision out right now, obviously completely expected. no change when it comes to rates. however, the bank does cut its growth forecast, saying the brexit damage has increased. mr. carney: brexit is causing short-term volatility in the economic data, and more fundamentally, it is creating a series of tensions in the economy. marcus: it's hard to feel sorry for a central banker, but mark

mr. malpass has not withbeen an infrequent critic let us say, of the world bank >> right he's someone who thinks as michelle was talking about that not only should we be questioning whether loans are appropriate to china is not particularly a developing country anymore, but also whether there should be more transparency with other smaller countries as to where the funds are going, how they're used and whether the world bank should be getting sflold some of the political aspects of where those funds go that they can often get dragged into >> we'll see what happens with david malpass. the president taking one question about an investigation to be led by adam schiff the democrat in charge i believe of the house intelligence committee whom the president described as a political hack. he then turned the answer to remarks about his speech last night and that was the only question he took meantime, we are about a week w away from another political hot potato, another government shutdown, programs, but there is movement today on a deal to avoid one. >> negotiators met for a classifiy eied briefin

mr. david malpass. i have known david for a long time, very extraordinary man.ith us today are david's wife adele, as well as his three children robert, emily, julia. i want to thank you all for being here. i want to congratulate you all. thank you. [applause] we are also pleased to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as well as ambassador bob lighthizer, who is right now negotiating with china -- how are you doing, where is bob? give them some breaking news. going well. mcmahon, and linda jovita carranza. thank you for being here. and if ivanka trump, in case anybody missed, and yeley and, and a lot of great people. following the resignation of former president of the world bank dr. jim young kim, i launched a broad search for a replacement after interviewing many very qualified candidates. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world , as undersecretary of international affairs at the department

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mr. david malpass, and i've known david for a long time.extraordinary man with us today are david's wife, ade adele, as well as his three children, robert, emily, julia and i want to thank you all for being here and i want to congratulate you all thank you. we're also pleased to be joined today by secretary steven mnuchin. wilbur ross, alex acosta, ben carson, bob lighthauser, negotiating with china in how you doing? give me some breaking news it's going well. administrator linda mcmahan and treasurer, jovita karanza. thank you all for being here and ivanka trump, incase anybody missed and kellyanne and a lot of great people. following the resignation of former president of the world bank, dr. jim young kim, i launched a broad search for a replacement after interviewing many very qualified candidates i knew that david was the right person to take this incredibly important job. in addition to his current service, overseeing the imf and actually overseeing the world bank as under secretary of international affairs at the department of the tre

mr. david malpass. and i've known david for a long time. very extraordinary man.'s wife adele, his three children, robert, emily, junior, i want to thank you all for being here. i want to congratulate you all. thank you very much. [applause] we're also pleased to be joined today by secretary steven mnuchin, wilbur ross, alex acosta, ben carson, as well as ambassador bob lighthizer who is right now negotiating with china. how are you doing? where's bob? how are you doing with china, bob? give him some breaking news. it is going well. administrator linda mcmahon and treasurer jovita corenzsa ivanka trump and kellyanne, a lot of great people. dr. jim young kim, i launched broad search for a replacement after interviewing many very qualified candidates. i knew that david was the right person to take this incredibly important job. in addition to his current service overseeing the imf and actually overseeing the world bank as undersecretary of international affairs at the department of the treasury, david brings 40 years of experience in economics, finance, government,

senior treasury department official david malpass, an outspoken critic of big multinational organizations like the world bank. but what else do we know about mrconomist at bear stearns, early trump supporter and now david malpass may add world bank president to that list. but malpass has previously questioned the role of these big multinational institutions come and has characterised the world bank as big and inefficient. he's also been very critical of the bank lending money to china, which he says it doesn't need. and especially troubling, given the harsh lending practices china uses for other countries. we engaged repeatedly with china on our trade and investment concerns, and the problems caused by their 0ne belt 0ne road initiative which often leads countries with excessive debt and poor quality projects. despite his criticisms, through his role at the treasury department, malpass significantly increased america's contribution to the world bank to $13 billion, albeit with conditions attached. so will countries coalesce around the american pick or will they try and put forward their own candidate? the latter option seems unlikely, but we