they have agreed to proceed with negotiations out the oecd the organization for economic cooperationevelopment they've come up with the global plan to tackle. taxing these digital giants and it's through the oecd that the us and france are going to engage the details about engagement though the base of work as it was described by french finance minister bring all america will be decided at a meeting. tomorrow between bring other matter the french finance minister stephen the nation the us treasury secretary on the head of the oecd on how good react. now they're going to be talking about is i suppose the framework for their discussions but bring a mare felt that this was an agreement i framework they had agreed. that it t push this deadline back to the end of twenty twenty on a basis that they will agree attacks not only on digital giants. but also a minimum global race of tax for companies at that's something that's- integral to this deal according to bring all the mare the oecd would see it the same way. add the united states and wanted to make the tak part of this optional add but

that means the mandate to work on a final solution. >> europe can't come together, so how can the oecdtogether? countries we have 137 working on the solution. it is not just europe. we had strong support from every european country and the u.s. has been participating rather enthusiastically because there are a number of elements that we are proposing on digital taxation that are very a can to the tax reform that was done in the united states a couple years ago. >> so you think you will be able to broker a deal? >> francine, think of the options. instead of a multilateral solution, which everybody will and come to the multilateral solution, imagine 45, 50, whatever different legislatures with different types of taxes, and remember, europe, on taxes, it is not europe. it is every country on its own. so i think the alternative is so disruptive that they will all be trying very hard to get a deal. the oecdas secretary-general in davos. the bank of france governor has been one of the most vocal members on the ecb governing council. in a conversation with francine lacqua, he discussed the ec

so, there is already a commitment to the oecd to carry out a review so, there is already a commitment senior phase but of course we will abide by the decision taken yesterday, whether or not we consider that is necessary. nicola sturgeon. back to westminster now for a brief look at some of the other stories here. a health minister told mps that the inquiry into britain's worst maternity scandal is now reviewing 900 cases. nadine dorries admitted it was a huge increase from the original number of cases being reviewed by the ockenden review, which was set up to examine baby deaths in the shrewsbury and telford hospital trust. i'm afraid that i have to inform the honourable lady in the house that the additional cases have been identified and the total number stands at now 900 cases. and that may be relevant to review. a small number of those are going back a0 years. these have been found for a number of reasons. looking at previous incidences that were reported at the hospital, parents who have been brave enough to come forward and tell their own experiences. the government's planning to

there are negotiations going on at the oecd. the u.s. and france have agreed to this week in dapo's, , and weaw -- in davos saw with president and emmanuel macron in a phone call, and again today with secretary steven mnuchin agreeing to step up the negotiations toward a multilateral deal and the french agreeing they will forgo the next ranch of payments on this digital tax. the trump administration claiming the tariffs have forced the french to cave and engage in another negotiation. whether that will go anywhere is a big question. david: president trump news conference was remarkable not just for his focus on europe, but he shared the stage with the head of the wto. is this a big move on the wto's part? this is something the president has been fixated on. shawn: the president has focused on the wto as one of the worst trade agreements ever created. it was created in the 1990's as a result of negotiations the u.s. led. in a thankless's place of having to mediate donald trump and the rest of the world and try to find a pass toward reform

francine: angel gurria, the oecd secretary-general.sing on tariffs and the effects on growth worldwide. we have a stellar panel with the imf managing director and the ecb. this is bloomberg. ♪ ♪ given what i think is changes in technology and everything along the way. what we can say is there are things we can do that can move towards cleaner energy and create better environmental issues over the next 10 years. that is something we have a lot of visibility. we cani don't think that create this level of certainty over the next 30 years what the risks are -- tom: that is a point of tension. i am glad we got lucky. this is a huge issue, countries that are way out front on cleaner air. the president and the secretary of treasury say, we have cleaner air, what about others? a raging debate between dally and los angeles. i and los angeles. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up

they're going to suffer a lot if we don't get some agreement through -- i can't -- the european -- >> oecd. >> thank you. she said it for me. see, we've got to push those negotiations. we shouldn't be putting these i mean, we shouldn't have to put these tariffs on. we shouldn't have 20 different countries in 20 different ways working with our digital platforms to have a complicated system of taxation. that's probably very unrealistic to what business they do in that country. and an agreement, a global agreement is the only thing that's going to satisfy it.

the united states is trying to do something with the oecd so we had treasury secretary mnuchin tryingdo something and -- with the oecd but that's been falling apart and italy and france said they will repeal their current taxes if an oecd plan goes through but the biggest issue we have here is that the united states actually needs to figure out our own tax system and clean it up in order for our companies to thrive and give incentives, so the taxes are being where the value is created. the value is created here in the united states but the europeans are saying hey, wait, wait, listen, we are going to tax you on top line revenue unless you figure out your own house in order. ashley: i want to get into the ipo market. we saw a lot of big tech companies come to market last year, and just recently, liz talked with the big-time venture capitalist who talked about ipos. let's roll that sound bite if we can, then i will get your response. go ahead. >> the way the ipo world works, it has windows. the window opens, the window closes. the window closed for awhile with wework. my sense is the wi

it brings me to my question, which oecd country offers the most paid leave to fathers?th korea, the united states, or finland? stay tuned and we'll tell you the correct answer. my book of the week is an escape into fiction. i read it on the plane. "city of thieves" set during the siege of leningrad, a gripping story of the adventures of two young men given an impossible task set in one of the worst moments of world war ii. benioff is the screenwriter for "game of thrones" and "troy" and reads like a screenplay, a very, very good screenplay. the answer to my challenge is b, south korea, which offers 52 weeks and 10 days to japan's 52 weeks. how did this happen in two notoriously workaholic countries? both south korea and join face record loafer tillty rates, so the governments are betting expanding paternal leave policies can help expand a shrinking demographic. it's an approach that may bear fruit. twice as many south korean fathers took paternity leave in 2018 compared to 2016. only time will tell whether the strategy encourages parents to bear more children. if you gu

you refer to the oecd framework, the g20 framework. >> it is an early start. i am very encouraged.hey have a lot of commonality because they are rooted in common human values. it is a great start, but we need to get more specific and evolve it significantly. the european commission is working on a white paper around ai and i think that is an important first step. we all needed to engage as a company. we are committed to engaging in the process but it needs everyone from around the world. ai is no different from climate. you can't get safety by having just one country or a set of countries working on it. you need a global framework to make a safer world. taylor: that was alphabet's ceo sundar pichai. facebook is doing to avoid the same mistakes of the 2016 election. we hear from a vice president. in the coronavirus reek havoc on global health and travel ahead of chinese new year. more on its impact, just ahead. this is bloomberg. ♪ taylor: facebook remains under fire after the cambridge analytic because scandal which came to light in 2018. then, it was revealed the firm had harveste

i think they wait and see what the wto and oecd. ..ve one judge at the moment, things are taking a little while. they take quite a long time. let's move to the new york times, it is notjust software is the headline, new safety risks under scrutiny on boeing's 737 max. will this play never return to the skies, you wonder. this is a fascinating story, what boeing did back in december, they did a whole audit on everything to do with the plane which you would expect, they found is, and is not unique to boeing planes, there are two packets of wires that control the tail of the aeroplane's direction. if they were to short—circuit, would that create another sort of disaster like that one that boeing had. this is the issue that the new york times is highlighting, but is notjust boeing, is actually said by engineers they spoke to, fixing it ta kes engineers they spoke to, fixing it takes about 1— two hours, but like you say there are thousands of planes with this issue, so boeing will carry on struggling as a business for the next few months. w

which oecd country offers the most paid leave to fathers?a, the united states or finland. stay tuned and we'll tell you the correct answer. >>> my book of the week is an escape into fiction. i read it on the plane. david benioff "city of thieves." this is the story of two young men given an impossible task set in the worst moments of world war ii. the book reads a bit like a screenplay, a very, very good screenplay. >>> the answer to my gps challenge this week is b, south korea, which offers 52 weeks and 10 days to japan's 52 weeks. how did this happen in two notoriously hostile countries? because there are low fertility rates, so the government is betting that expanding paternity leave may help revive a dying demographic. there were 7,616 parents taking leave in 2016 and versus 17,000 in 2019. the only country in the world is the united states that doesn't grant any paternity leave, either. not a great moment in exceptionalism. >>> thank you for joining us this week. i will see you next week. >>> hello, everyone. thank you so much for joini

the goal now is to reach a global agreement through the oecd.. thee potential revenue distribution could be huge. google, apple, facebook and amazon frequently topped the list of most valuable companies. last week, google's parent company alphabet came the fifth company in history to surpass a $1 trillion market valuation. >> we are coveriring the wldld econonom forum in n davos all week. we will bring you the latest business news live from davos later today. >> live from paris continues after a quick break. stay with us. this is france 24. host: it's become europe's capital of cool anand artists around the world are joining the party. even peoeople whose grandparentnts had to flee for their lives. man: i moved to berlin recently, you know, just what shows you how ... up things are in israel. [laughter]

we have to get a resolution on the oecd. think phil hogan spoke to that in a positive way, recognizing this cannot be a french one-off or canadians moving their own direction. there are areas where i think we can afford a different kind of alliance with europe, but there is also the danger that fragmentation in europe and fragmentation of relationships could sit in. david: focus on the digital tax. as i understand, the eu sort of let france go its own way, let it go independently so we are not negotiating with one, we are negotiating with 27. we talk about oecd, they talk about it, are they ever going to get it done? myron: what we need is action. the bottom line is the united states has taken action. we have seen what happened here. we have seen the french finance minister, in to town. -- the french finance minister come into town. we have to get a resolution and it will not be bilateral. it has to be a multilateral context. we have to get it done and i would hope the europeans in brussels understand this relationship is pr

to redouble our efforts in the c coming days to try and find a compromise on the digital tax at the oecdevel. we've given ourselves exactly two weeks, therefore until our talks on the margins of the dadavos meeting at the end of january. genie: carmaker nissan says it will conontinue acaction against former chairman carlos ghosn despite his escape to lebanon. >> this is the former -- first statement from the country since he fled to lebanon. he denies misconduct. f flight will nott affect the basas p picy of hohoing him responsible for misconduct uncovered during an investigation. he is expected to speak to the lebanon media tomorrow. rolls-royce has reported record sales. >> they sold over 5001 hundred vehicles last year, the highest figure in the brands 100 -- 116 year history. the company saw strong sales of its new suv. can go to london and speak to the ceo of rolls-royce cars. thank you for joining us. these are strong results particularly at a time when other big names in the car industry are seeing falling sales. who and where are your buyers? >> first of all, thanks for being wit

heard from tim cook from apple accepting that there does need to be more tax, a fairer tax, and the oecdnitiative. how was that progressing? it will take a very long time because you have to get the buy in of countries all over the world into how it's going to be overseen, how it's going to be implemented, and we know from this country anti—brexit in the uk, they are getting agreement with multiple countries, it's not an easy endeavour. it certainly won't be. let's look at the story in the guardian. a costly fight for harry and megan over the sussex royal brand. you come from a marketing background. explain why there is a costly legal battle. there have been cyber squatters who have seized the name sussex royal or have at least registered it online. an american lawyer on the 8th of january claims to have purchased the website sussex royal for the united states. to have purchased the website sussex royalfor the united states. and the challenge that they face, harry and megan, is how do they exploit this brand with or without a web online presence, but how do they do it tastefully, how do

economy minister bruno t the mat has called a wasashington to sin up t i tax proposal drawn up by the oecdn to the threat of paris on french products in retaliation to france's new 3% tax on techch giants. if the us targets francais one solve the basic problem which is that must be an international taxation of digital johnson that will be a spreading of national taxes across the globe. what will they do then go off the austria spain italy the united kingdom. that was france's economy minister speaking earlier t tody and they need your opinions ambassador to china has wound that the block of wood challenge the need you están a trade deal at the world trade organization. if it creates distortions in the market and put european companies at a disadvantage. stressing that beijing officials restored him the new trade deal would not harm e. u. businesses ambassador nicholas happy voiced consent of a satin provisionsns in the new agreements. under the phase one dedeal signened to this week cha agreed to impose an additional two hundred billion dollars worth of u. s. products and fatih yes. partid

france has already said that any deal reached at the oecd wood replace its own tax.e a look now at monday's trading acti markets were closed in thunited statates for martin luther king day. b but a b bit a mixed bag on the major europeann indices to kick off we can see here. the footstsie finisishinge day down about a thirdrd of a pepercent. similar story on the ?ak conta dax m meanwhile over in frankfurt with some slslht gains.hare is up about the 50% there. investors were also taking isn't our news from the international monetary fund. on the eve of the world economic forum summit in davos switzerland the fund has revised its annual growth projections downward. i am f. now projects global goethe to reach three point 3% this year. down 210% from its previous forecast back in october. earth next year meanwhile projected to hit three point four percent. a slowdown in india degrees in for the downgrade their- trade tension between the us and china have also taken a clear toll on the world economy. what i am at the says research on the downside. said quote there is no

the oecd governments and businesses to address concerns that firms particularly in tech are not payingh tax. it's the european union says it will not explicitly banned huawei or other vendors. they release a report at the end of the month and say the measures will be strict and vigilant. this comes after the u.k. prime minister boris johnson indicated last week that he is unlikely to ban away from 5g in britain. >> boeing is being told to rebrand the 737 max jets. reports say the brand name is damaged following two deadly crashes. told, closingre in on a $10 billion loan from a group. don't miss out on our exclusive interviews at the world economic forum in davos. asian business leaders including executives. this is bloomberg. ♪ >> i am here in sydney. the market opened is 30 minutes away. futures looking largely positive. 3% when the session begins. accountkets closed on of the martin luther king jr. memorial day holiday. sydney futures looking positive. trading at all time highs. you're watching daybreak australia. let's go to daybreak news with su keenan. su: brands in the u.s. have

oecd has stated very clearly that the ambition is to reach an agreement within this year.hope is that we will be able to have a successful conclusion in the negotiations, so that is the best way to deal with the situation. solutiont is the best to have unilateral measures is to but my primary goal invest my energy in seeking a multilateral solution. if it fails, we will have to look at other options. vonnie: yes, you have said that inway would follow france unilateral taxes and so on. are you worried about u.s. retaliation? all, i havefirst of put a lot of trust in the ongoing negotiations between france and the u.s. hopefully we will see a good outcome of this, and that is my primary focus right now. if it fails, i think all of us need to look into other steps to , but we have to understand that tax is just a small part of -- part of the big picture. it is important to tax these companies fairly, but we also need to make sure from a consumer's perspective that come addition is working better in the future. if markets continue to go up, that gives you more ability to spend

tax, where everyone agrees to has to be a more fair and equitable process, that has to happen at the oecdperation with many countries, so we can create a global standard. is not going to be involved in the negotiation. frenchry mnuchin and the finance minister are going to have a conversation about this digital services tax. it doesn't look like either side is going to budge. we could see some retaliation pretty quickly if those talks fail at davos. david: what happened to the proposed tariffs on autos from europe? is that something that the president and mr. lighthizer has in their back pocket? heather: we know that we dodged a bullet at the end of last year when it looked like there would not be any auto tariffs imposed for six months. there was a report in the washington post the other day that made the suggestion, in order to get the u.k., france, and germany to begin the process of walking away from the iran nuclear agreement, that some in the white house had perhaps threatened, some suggested that extorted all three of those countries, that if they did not leave the nuclear agreemen

but, you know i do think oecd can play a role in some aspect of ai. i don't think it is the right place for everything across the board. and, you know which is depending on what the particular issues are then getting the right people on that. >> i think we got time for one more question. if there is not -- >> your question earlier and your answer, expert control on my favorite topic when it comes to ai. from the peer competitor or adversary positive of period 2025 to 2035 would be very important for their own reasons. the chinese and russians over that time period as a critical infl influction point. everyone is aware of china's longer term strategy to achieve scientific, technical financial and also dominance in a number of high-technology areas includes in the next 2025 to 2035 time frame. we have to look at the challenge from their eyes. when are they going to feel the most embolden? six years from now to 16 years from now? expert control is not going to do it in that time frame if it could do it anyway. one thing we have mentioned a couple times b

if you guessed switzerland, you should know it is one of only six oecd nations to not the offer paid leave to fathers. another it will come as no surprise is the united states the only developed country in the world not to mandate any maternity leave either. not the proudest moment for american exceptionalism. thanks to all you have for being part of my program this week. i will see you next week. >>> i'm brian stelte. our look at the story behind the story, how the media really works, how the news gets made and how all of us can help make it better. this hour as the impeachment trial goes on, brand new polling from fox news that contains some bad news for president trump. has he seen the poll yet? plus, we will take you to capitol hill to show you what you are not seeing during the senate trial come. that's our inside view. plus we're going to ask, do americans outside d.c. care very much about the trial? we're going to go live to pittsburgh and des moines for more on that. fox versus facts. we're going to look at how fox news prime time is covering or not covering the trial and why

that was not true according to the oecd and the think tank in washington, european countries were thegest contributor to ukraine since russia invaded in 2014. on the issue of military aid the u.s. has been the biggest contributor and european countries have provided 15 billion worth of grants and loans to ukraine since 2014. >> one of the white house lawyers he made this assertion. let me play the clip. >> president trump then turned to corruption in the form of foreign interference in the 2016 presidential election. there is absolutely nothing wrong with asking a foreign lead tore help get to the bottom of all forms of foreign interference in american presidential election. >> mr. schiff and his colleagues repeatedly told you that the intelligence community assessment that russia was acting alone, responsible for the election interference implying that this somehow debufrpg debufrd debufrd debunked the idea that there was interference from ukraine. >> christopher wray fact checked it himself in an interview with abc just a month ago. listen to this. >> we have no information that ukr

they should have waited for the eu and the oecd to get to an agreement.ok like at the end of this week. thank you very much indeed. maria tadeo joining us from brussels. dow'sget back to and welcome -- to dad a -- two bloomberg'slcome sonali basak. sonali: you were just talking about the digital tax, and executives of facebook, google, microsoft are all here in dive a vos, and so are they regulators. a lot of what we are reporting is should companies be more used to governments playing a bigger role. of course, we have trump here tomorrow. part of his message will be about the dangers of socialism, but again, that pushes way back on the message of davos, which is saying maybe we have let companies go too far with the shareholder being the main focus. guy: sustainability is going to be a big topic. we talked about this in the last hour. how can you talk sustainability and show up in your private jet? sonali: it is the biggest question on earth here. blackrock has really led the charge here, coming out last week with what they would do about climate change.

bringing the debate to the oecd is the right way to do it, but we need clarity as soon as possible, sot to delay this debate for longer, because we really need to send clarity to investors, to those that will promote a more sustainable world. the debate this year was about sustainability. we need investment to achieve with and that only happens clarity from a political side. francine: are you expecting more fiscal policies from countries? what is germany telling you about that? will: fiscal policy, it act whenever it is needed. we've made huge progress since policysis on fiscal across europe. we know some countries have more space than others to act. germany is one of those countries that can act, and we actually see some action fomr ae -- from the germany side, huge investment in the railway sector just announced by the german government going precisely in that direction. public investment, connected w that isate action, needed to make the planet more sustainable. tion expect more of those ac s to be taken in the course of finally see0 can the acceleration of the global economy and eu

the us has tried to pursue a strategy to get round the table at the oecd, let's talk about how best toause it is trying to be seen to take a more multilateral approach rather than trying to pick up countries one by one. france is one of the countries it has had a big row with and they have said, we will take a pause and wait a few months, let's see where we can get to by the end of 2020 in terms of the oecd. but the uk confirmed we would press ahead with a tax on these big companies which the us regards as a double taxation because it comes in the form of the digital sales tax so taxing both here and also the us where these big companies are theoretically based. it was interesting to see his face, saying, if you do that, there will bea saying, if you do that, there will be a deal we will not sign, in fact, we will introduce tariffs. it is very clear what the strategy has been. they do use tariffs as a lever. it was not altogether surprising to see that being plucked out. if you don't follow our line on trade we will pursue... we will put taxes on your company. then there's another row?

. ♪ francine: the oecd chief speaking in french about the tax imposed,st -- spearheaded by french proposalsilld if this continue. the pound is falling after week retail sales -- weak retail sales, boosting the prospect of a rate cut. let's get back to george from deutsche bank. 2012 is looking and has. rate cuts surged significantly. 73.5% chanceo after weak retail sales. is there a chance they do not cut? george: there is if the pmi has a large balance but we have been pessimistic since december. hasr the election, there been this narrative of a huge inflation story, but the economy is in recession in the data is pointing in that direction. i think the bank of england will cut in january and eventually do qe. if you look at the fundamental driver behind u.k. economic weakness, it has been brexit. the reality is uncertainty is not going to go away and will be present for the following years. rollinghave negotiations and many-deals -- mini-deals. there are 40 different sub decisions on all sorts of areas and this is just not an environment where the u.k. economy can grow above trend. inflati

issues, meetings with the french finance minister to talk about the withal tax being agreed with the oecdthe threat of more tariffs from the u.s. onto french wine and other products. we also have money laundering issues they want to talk about. francine: thank you both for joining us. saleha moshin from bloomberg and zhu min, former deputy director of the imf. coming up, a conversation with the imf chief economist. you can catch that interview at 9:00 a.m. in new york. this is bloomberg. ♪ francine: this is bloomberg surveillance. joining us now is bloomberg's saleha moshin and with the still is zhu min, former deputy director of the imf. you have the best job this week. looking out for, who is here, who are the meeting with? saleha: i sit at the espresso bar and you talk to people and you ask them to define inequality and then they talk about what kind, immediately they turn to gender inequality but income inequality, i am waiting for that to come to the forefront. we have been talking about stakeholder theory, that is the number one thing people are talking about, and i'm wondering if i

we managed to agree at an oecd level and we would also need our american friends.and it is an essential part of our lives. it makes sense to think about how to tax it. that is the hurdle that we need to take. is impossible it is impossible for the european union itself. francine: is europe competitive? a lot of companies say they cannot compete with americans. what new industrial policies should we put in place to give european companies a chance to beat these guys? >> that assessment is too grim. it is true there is much to be done in terms of the eu infrastructure. there are many things to worry about. if you think about the pure economic power of europe, it is tremendous. to me it is essential and i think we will manage to do that, to act as one in whatever the world will provide us with in --ms of trade wars, that is if it will come to our doorstep it is a something the european union will address. tom: i was just in venice and they were showing me in the hotels where the water was, the terrible floods they had. on waterhe high ground coming into a country, nob

gete where oecd is, do you the feeling institutions are behind a slow down or they will have to adjusts? alan: most people are thinking in terms of revising up their forecast. it is less about the forecasting going up and more about the downside risk being reduced. we have knocked out oil in iran, u.s.-china trade. tom: are we going to knock out the virus? alan: i hope so, but it is looming. tom: that is why we love to have alan ruskin on, he is massively type one, type two. it is not what will happen but about what will not happen. we will see this with the virus as well. alan ruskin with deutsche bank, greatly appreciated. he has been more than patient, huge news flow, particularly from stephen engle from hong kong. kevin cirilli and all of our washington team focused on what is to be an extraordinary and indeed historic day in washington with this trial of the president of the united states. decides at 2:00 p.m. it is expected to be a quiet meeting for the fed but a much more noisy press conference. chairman powell, his press conference later today. ♪ francine: this is bloomberg "su

if it is the world bank or international monetary fund or oecd, which has the best value?icult really say which one has the best value because they are all taking the official numbers and as institutions, that is what they do. they take the numbers and project forward. what i would do personally is work out what is going on and project that forward, so it is hard for me to compare my projections with these international organizations. thisink it will pick up year, but we are looking at full-yearow 6%, 5.4% up from 4.7% from last year. it is a bit of a pickup. at this stage, those green shoots are looking exposed in the context of tight monetary conditions, and the green shoots on the import side of things are limited to text cycle and items -- tech cycle and items related to the phase one deal. the tech cycle is a bright spot in seems to be picking up. have we seen a full start as a result of demand related to bitcoin hardware and with profitability in bitcoin falling in the last half of last year, not is the caveat on that side. tom: even if we get a pantheon view of chin

let's take a lesson from other oecd countries that provide these services and have significantly higher female labor force participation. and while we're at it, let's make sure that women are paid fairly so they have strong incentives to work. on average, a woman working full time year-round earns just 82% of her male counterpart. for black and hispanic women it's far worse. for too many, the american dream is slipping away or out of reach. some would say that the solution is for the federal government to do nothing. i disagree. it has a key role to play in helping to restore that dream. what can it do? what can congress do? let's start by lifting the minimum wage. the house has passed legislation to lift the minimum wage to $15 by 2025 and give 33 million americans a raise. it's time for the senate to follow suit. we should expand programs and initiatives that we know work, like the earned income tax credit and child tax credit. the eitc substantially increases employment among single mothers and reduces poverty levels for their families. we should make the child tax credit fully refun

they oecd world leading economic index has bottomed out and picked up overall.eeing better reports in the united states with a clear acceleration here going on we might do 2.4% growth for the full year of -- last year. but against that, you know, what's to take the market down right now? are bond yields going up too much are short-term interest rates rising too much? is inflation a real threat for the stock market is there too much tightening by the federal reserve? is there too much tightening by fiscal authorities is there truly over the skis, over the top, optimism, full on run into the stock market where everyone is going crazy in i don't see any of that. and i think before we end this run, at least we can always have a pullback, but before we end this run, there's got to be some pressure brought to this stock market i just don't see it yet. >> so, the way i view it, and i should in the mutual admiration society point out i love jim as well but i think when you manage money you have to try to say what are people going to be talking about a year from today? a