i will say that the doolittle will be the most heroic most touching, most moving episode of the u.s. china wartime cooperation when china was in the leadership. of chang kai-shek. and that episode deserves our heart felt remembrance generation after generation. this is why i was very surprised that last month i went to a special photo exhibition about wartime u.s. china cooperation co-sponsored by a research institute in china and a think tank here. and i was surprised that out of some 150 or 200 photos there was not even one about general doolittle and his missions. instead to my surprise, maybe there was one hiding somewhere i didn't find. but to say the least he was outnumbered tremendously by the picture of american army colonel. and who was this colonel? and he was the chief of u.s. military liaison section during the wartime. so the colonel had lot of pictures of people like mao zedong so they showed those pictures instead. this is why today i appreciate this opportunity offered by the center even more because i can get this chance to tell you the true story, the true spirit, the tru

u.s.-china wartime cooperation. when china was under the leadership of chang kai-shek.felt remembrance generation after generation. this is why i was very surprised that last month i went to a special session about wartime u.s.-china cooperation co-sponsored by a research institute in china and a think tank here. i was surprised that out of the 150 or 200 photos there was not one about general doolittle and his mission. instead to my surprise maybe there was one hiding that i did not find but to say the least, general doolittle was tremendously outnumbered by pictures of an american army colonel. and who was this? the chief of the u.s. military liaison section. so the kernel -- colonel had a lot of pictures, but they showed those pictures instead. i appreciate this opportunity because i can get this chance to tell the true story, the true spirit, the true legacy. this legacy is honored and preserved by the people of taiwan. once again, our sincere gratitude and salute to the general, his crew men, and the chinese people who sacrificed or even died for the success of the

u.s.-china relations a major redefinition of u.s. are small, i would argue are almost dangerous. but there's some stabilizing elements in the relationship that we think the administration needs to followthrough on with congressional support. in burglar the confidence building measures, the militarh-" to$ú+ military cbms agreed upon in beijing. we are disagreeing with china it appears on new institutions in asia, proposed to beijing at the end of the day, the recommendation in our report is we need to find a way to aline ourselves to ensure that this new institution is moving as closely as possible as the standards set by the existing banks, the world bank, and the abb. the other aspect highlighted is the importance of maintaining clear red lines with beijing, because we do have problems and they need to be managed skillfully, one highlighted in the report is the growing problem within the domestic chinese political economy, an area that scott will help us unbundle in the coming months. but china in the last few years has seen the inv

china relationship. certainly there is a shift in close not between the u.s. and china and trade most certainly will expand after the series of meetings. what that means down the road we'll see. that's really a big topic of conversation now. how the chinese are perceiving this. the u.s. officials here in the strip even responded to that chinese statement when they were asked about it. they said that they see it as very telling that the chinese even felt a need to respond to this meeting since it doesn't really involve them yet. in many ways, it does involve them. errol? >> i was going to say in many ways it does. michelle kaczynski with us from new delhi, approaching 1:00 in the afternoon there. thank you very much. >>> we do want to check some other news now. we have this just in. a fly dubai flight from the uae into baghdad landed there with fuselage damage possibly from small arms fire. fly dubai says no passengers were injured, but it's suspending flights. the company will monitor the security situation in bag before it resumes flying there. so far, we have

u.s. wages. >>> meanwhile - china's growth story is not such a growth turner, with many expecting the economyto grow 7%. it's a lot higher than the u.s., it is a far cry from the double digit growth china has seen in recent years, and the european union - well, it's plain stagnating. 1.8% economic growth is forecast for the e.u. in response, the european central bank chief said he's ready to spend loads of cash to simulate e.u. economies, sending the dollar soaring to the highest level in five years, and the dollar strengthening against other economies. a 50% drop in oil is to blame. the price drop is making losers out of the oil-producing regions, from russia to iran, texas to north dakota. the stronger dollar will make losers out of the u.s. exporters if the products are more expensive to buy. the slow down will hurt american manufacturers, it will not be enough to kill the momentum of the global economy. jay joins us from the company's officers in charlotte, north carolina. great to have you back on the show. let's start with the focus on the u.s. is the boom from spending - will that offs

the u.s. china agreement, the u.s. hasn't gotten india to burn back old fossil fuels.nd clean energy. especially solar and wind. a couple of big topics they say they made some breakthrough understandings on. we can expect more progress to come down the road. christine. >> an important relationship. the world's oldest democracy and the world's largest democracy. >>> thank you. fidel castro breaking his silence with the ties to the u.s. castro says in part, quote, i don't trust the policy of the united states nor have i exchanged a word with them. that doesn't mean i eject a pacific solution to the conflicts. >>> a drone that crash landed on the white house grounds leaves concerns about security. a hobbiest was behind the quad copter. the man came forward to say he lost control of the device in flight. >>> breaking news. an historic blizzard shutting down major northeast cities. live team coverage ahead. i know... this third shift is rough... it's just a few more weeks max! what are you doing up? it's late. i just wanted to have breakast wih you. >> announcer: this is cn

the world bank revised its growth forecast down, saying that china, among everybody else, is going to be seeing a slowdown, except for the u.sthat was the world bank assessment. when you think about china in that way where can the growth be? i know they are trying to figure it out, but will they be able to control it? >> i think they will be able to control it in china. the u.s. is now really the growth center of the developed world at this point in time. it is a very interesting world where you can say, on the base of it, we have lower commodity prices. but it is a very diverting world with the u.s. still on top. places like japan and europe still on the weaker side. >> i ask you whether or not they could control it. yesterday, the markets went a little crazy because the regulators stepped in and put in new rules again. it seems to be that way. instead of being ahead of the story they seem to be very reactive. suddenly, new policies come out to a surprise market. >> that is true. whenever we see speculation in the market, it is difficult to see before it happens. they are seeing an additional degree of margin lending, which

the property sector accounts for 15% of china's gdp, and sales cooled last year. according to imf forecasts the u.swill be global growth in 2015 though they stress that despite china's slowdown, its growth rate is still higher than america's. >> we are talking about the revision down of the growth rate in china but we are talking about a revision down to 6.8%. there's no question that action in the world will still come from emerging markets. >> there are concerns that a less-dynamic chinese economy could have consequences around the globe, especially in the commodities and high-tech sectors. >> let's take a quick look at how u.s. markets are faring. they are open after being closed monday, due to a public holiday. u.s. stocks regained losses earlier in the day after the international name -- international monetary fund flashed its global outlooks. that also led to a fall in crude oil prices. halliburton rose on the back of strong quarter the profits. it was an upbeat report from the oilfield services company. let's look at other news, starting with falling oil prices. total plans to cut spending 1

u.s.-china announcement on climate change and energy cooperation together account for one third of global greenhouse emissions from the united states, we need leadership and policies to build on pronouncements. in 2013 and executive powers and existing lost it tackle harmful emissions. the epa proposed a clean power plant to -- it proposed state specific rate based goals for co2 emissions from politics and guidelines to follow developing plans to achieve specific goals. executive plans to seek political climate commitments effectively realized. he mentioned energy efficiency and renewables and would like to talk about that. the united states made progress on reducing energy consumption. united states has achieved the largest improvement in energy in recent days when -- from relatively high levels as energy performance standards for appliances, new buildings are implemented. since 2008 over 1 million low-income homes have improved energy efficiency for less well-off families and recovery after 2009 provided 12 billion usd of direct investment in energy efficiency notably low-income homes,

u.s. is a party in china is not? constructive discussions, certainly from a commercial standpoint they are fairly obvious, but i would note a genuine interest on the part of the chinese. >> the front? thank you. i would be interested in the team reflection and reactions to the question of wildcards. thing me -- things you have not thought of that might come from outside the united states. let me just suggest, the president may need to decide on keystone. and he says no, that might mean problems for canada. watching canada, that creates an issue for america's closest ally. the second issue, of course, with climate talks relating to energy, where do they get their energy? paris. the u.s. and china making a deal that might put some pressure on india and australia. in a situation where there was something a little bit more important as far as intellectual properties and indiscreet e-mails, or even creating a fiscal attack traceable somewhere, what happens? clearly there are various people in discussions about how the int

it's about $100,000,000,000 but it's an it's annemic if you compare it to say, u.s. china trade.o transition great potential for a deeper trade relationship. >> okay. thank you very much indeed for your analysis. >> thank you for having me. >> >>. >> opposition supporters have been protesting against food shortages in venzuela since deadly item protests last year. more from the venzuelan capitol, karakas. >> this has been dubbed the march of the empty pots and pans answer a clear reference to the chronic shortages that have forced venzuelans waiting in queues waiting to buy chicken to meat to medicine. flanked by other members of the opposition, the government has been denounced as a dictatedorship and try to be show the unity is now a reality. but given the magnitude of venzuela's economic and political crisis and the plummeting popularity of the socialist president, this first opposition protest called in more than six months has been disappointing in terms of turnout to say the least. when i asked here why, some said that it was because people were too busy queueing for chicke

chinese technology have been moderated by the fact there are concerns overall whether you are talking u.s., chinan between about surveillance in technology. so i think chinese companies are more mainstream now, both at the high end, as top tier companies and in the traditional areas where you have seen some of the off brands. some of the manufacturers just coming out here to show what me-too products they have. >> and before we let you go and get you back here to post nine, any other takeaways from ces this year? >> well i think what's big for me is the pieces that are missing. i was moderating a panel yesterday with electrolux and qualcomm and gm and phillips in the healthcare area. and i feel like they are all waiting for apple and google. in particular, ios and droid are the dominate mobile platforms to pave the way for how everything is going to work. we'll see if that comes this year. >> great coverage all week. safe travels home. jon fortt in las vegas at ces. >> by the way dow close to session highs here. up 176. home builders making their move. as low mortgage rates work their way in. >>

u.s./china relation.e worked at the congressional budget office, so did bob hale who left the congressional budget office and went on to worry about even more bigger numbers. he was for five years the undersecretary of defense and the comptroller at the pentagon. that means he had a $600 billion checking account to worry about. he's been the assistant secretary of the air force for financial management. he spent time as executive director of an organization i never heard of before the american society of military comptrollers comptrollers. i bet that christmas is party is wild and crazy. he had a distinguished career in government. he left the pentagon in 2014 and is now at booz allen. ron haskins spent 14 years on the staff of the house ways and means committee where he played a key role in healthcare reform and spent some time for reasons you can ask him about in the george w. bush white house. his book is called show me the evidence. it's about president obama's fight for rigger and results in social p

u.s. and china and india in the u.s. have these strategic dialogues.oth sides get together on an ongoing basis and meet formally once a year to thrash out -- hash out issues. there are a number of issues at the top of the agenda in economic terms. what happened to india's tax decisions two or three years back, the retroactive taxation intellectual property rights both of them are clearly important issues. there hasn't been a result, at least not satisfactorily from the u.s. point of view. the u.s. clearly wants more opening up of fbi -- fvi into areas where india is not ready to open them up. >> how much pressure can he bring to bear? that is something that has been very controversial, but there are hopes of other reforms that narendra modi promised. which ones do you think barack obama is most looking forward to him and acting and getting through the parliament? -- enacting and get into the parliament? >> increasing fvi in the insurance industry. those are issues that are something that governments are looking into. labor reforms, something everyone w

u.s./china mil-to-mil relationship.ain it sort of fits with my point about process over result right? we're vested in an open-ended process, but to what end? we see that time and time again. i think iran's probably another camp of that or is another example of that. but the exchange that the administration seems to have made is we're not going to do arms sales because we don't want the chinese to stop doing these mil-to-mil relations with us so is we're abdicating to support an ally and friend in the region with material defense systems and weapons that it needs to, ins essence pitch up these headlines and this open-ended process. and so anyway, my point here is there's a possibility that congress can link ongoing funding in legislation such as the ndaa for u.s./china mil-to-mil programs to a commitment that asserts arms sales steps have been taken and then congress can be specific. f-16s for taiwan, submarines for taiwan, you know x program, y program, inclusion in -- [inaudible] these sorts of things. >> okay. i'm goi

u.s./china relationship ping pong was the thing that opened the door a sporting event. >>> more news straightou just heard kareem abdul-jabbar's take on religious tolerance. we went to the streets of dubai to sample public opinion there about the new cover of "charlie hebdo." >> i'm a british muslim. i condemn what happened in france but i think by putting such an image on the cover of a manage is pushing a -- cover of a magazine is pushing a controversial much further than it has to go. >> it's a nice cover because they know humans are tangible when it comes to belief. >> the recent publication in my personal opinion is just doing it for propaganda. i don't think it's necessary. i don't think anybody needs to do any kind of an apology. there are things happening world over. >> the last issue of "charlie hebdo," we're all against it because it's arising the anger of muslims and making us more anger. and it has to end anyways. so that's my opinion. [ male announcer ] you wouldn't leave your car unprotected. but a lot of us leave our identities unprotected. nearly half a million cars were stole

u.s./china agreement can spur countries like india to make similar commitments to cut emissions. i'm wondering if you feel any pressure to take that kind of action because of the china agreement, and can a paris climate summit produce a substantial result without that type of commitment from india? thank you. >> good. >> well, first of all with respect to ukraine, what i've said consistently is that we had no interest in seeing russia weakened or its economy in shambles. we have a profound interest, as i believe every country does, in promoting a core principle, which is large countries don't bully smaller countries. they don't encroach on their territorial integrity. they don't encroach on their sovereignty and that's what's at stake in ukraine. and what we have done is to consistently isolate russia on this issue and to raise the costs that russia confronts. now, when you say that we should take a different approach, julie, i don't know exactly what you're referring to. i've been very clear that it would not be effective for us to engage in a military conflict with russia on th

u.s.-china nuclear dialogue going on right? and do you have any exchange program for this year between u.s. strategic command and the second -- [indiscernible] >> thank you for your question or series. we look at the capabilities of every country as it is out there developing or modernizing their associated capabilities. you mentioned the f-41. there is a plethora of different strategic capabilities that china is also growing. as far as us having a dialogue from your strategic command there is no strategic command that i can directly go to. most of my work in that regard is working through pacific command. pacific command is combat and command for that part of the region. the leader of that group has a variety of different areas as well as other forms that we associate with. to date, i do not have a forum that i work with individual from our team with china. whether that matures itself or comes out in the future, time will tell. we are doing a lot of things right now with china. not that long ago there was a pacific exercise th

u.s. like china did. india is too poor to commitment to such targets. >> there are some that this is more than a three-day trip to india, but that obama is taking sides between india and pakistan pakistan. but the president denies this. it is the secondhe is the first president to visit india twice. >> in venezuela problems are made worse by falling oil prices prices. >> a day in the life of a venezuelaen shopper. this is a sad daily reality. many stand in crowds daily to buy diapers. tempers rising as quickly as the heat. >> they're trying to jump the queues and others are selling places in line. >> no wonder others are firous. it is now 11:25 in the morning. given the length of this line it will be 5:00 before anyone reaches the registers if there is anything left to sell by then every day the they humiliate us in these lines. and look at all these mothers with children. no one is spared. >> while they, wait, downtown president maduro addresses a rally showing support for these hard times. maduro blames

china. if you look at the u.s. market, we are reaching saturation in the u.s. th penetration and individual ownership going over 7% but it is less than 50% in china. the upside is strong and that is where when you look at what apple is doing their -- there, the market is so large and there is so much market share to be distributed but the upside remains to be the largest in that market. whether or not it was close which we think it was or it was number one it will be and apple being extremely committed to growing their share in that region. it is all positive signs for them. >> that was ben bajarin, analyst, creative strategies. new telco business models may emerge. we will talk about the competition shaking up the cellular market next. you can always watch us on bloomberg tv apple tv, and on amazon fire tv. ♪ >> iamb cory johnson, this is "bloomberg west create -- bloomberg west"." ." freewheel will be $10 a month. both of these wi-fi only phones have been seen as a threat on the horizon. >> we are getting closer to a national wi-fi network. more people are usi

u.s. until china can show its cards and can do what it does and the japan can do more. from that perspective, i think the u.s. will be fine. simply because u.s. s&p 500 is a lot different than the make-up of our economy. >> all right john. thank you so much. chief economist at lpl financial. >>> more now on the impact of plunging energy costs. u.s. import prices saw their biggest drop in six years in december tumbling 2.5%. the sixth month in a row of decline of import prices keeping inflation in check. >>> more detail now from the beige book survey. a slide in oil prices. the fed said the recent plunge in crude may be hurting economic growth as some u.s. energy companies are already reporting layoffs and spending freezes. >>> tumbling oil prices is having a big impact north of the border where crude production is a driving force behind the canadian economy. brian sullivan has more from calgary. >> reporter: here in canada the collapse is front page news and while consumers love the drop of the price of gas lane the oil producers and the government do not. rapidly fallin

with regard to china how should the u.s. keep the relationships into conflict but help to counter balance china's assertiveness and regarding the cyber problem our society seems to be vulnerable of cyber attacks like countries like north korea and what are the implications of this vulnerability from there and other sources. let me again commend the chairman and join with him in under scoring, echoing and reinforcing his very, very timely and critical comments about sequestration and the effect of our military and the need to couple sequestration with reform of purchasing. and with that, i can think of no more thoughtful gentlemen to ask to come forward that general snowcroft and zbigniew brzezinski. >> if you would both take seats and proceed however you choose to speak first, it is fine. >> flip a coin. >> well, who is oldest? >> who went to a real college? go ahead brent. >> mr. chairman ranking member reed members of the committee, i appreciate the opportunity to present some of my views on issues that the chairman and ran

china. the other is the strong u.s. dollar. a strong dollar may lead to emerging market crisis. although, could also have china's exports if emerging markets suffer crisis this may hurt china's capacity to overseas countries to infrastructure. but any recession in these developing countries may mean chinese infrastructure companies to lose overseas steels. >> japanese officials are working on ways of expanding exports of infrastructure. in vietnam, they hope to make the post office more modern and efficient. >>> japan's state minister and his vietnamese counter part exchange a memorandum in hanoi. ministry officials say japan wants to improve the postal system and trust in their postal services. japan also relies on banks and insurance businesses. >>> the japanese government plans to work with its private sector in realizing the project. it would help introduce japanese companies. the government hopes to launch other emerging economies, too. it's already exchanged a mem random with myan mawr. >>> now, japanese authorities are thinking about expanding the role of safety inspectors

, it was about these are not under the control of china law. >> gill kerlikowske is a u.s. customs commissioner and president obama's former drug czar. he says he has been working with the chinese to ban the manufacture of synthetic drugs in china. >> and so we said, you should really consider placing these under your mandates because they're clearly being designed to harm people. >> is it enough to just ask china to do this? >> no. i think that we were very strong about the concerns. i think china recognized too that they have a lot of chemical plants, they do a lot of export. we have to be closer in our ties and closer in our communication with them about where these drugs are coming. >> according to the u.s. drug enforcement administration, china has made some arrests and has recently banned 11 synthetic substances. cnn cannot confirm china is doing anything. for months cnn has requested visas for a cnn investigative team to travel to shanghai. there have been continuous requests by chinese officials for additional information, but the visas have not been granted. request

can be strategic partners especially given the tensions in the middle east and relations with china. the u.ssees india as a very strategic partner. >> strategic and very important partner. covering the visit, thanks for that. >> let's get you up to speed with some of the headlines now. china said to be under pressure from some of its biggest share holders to find a chief executive. plans could be announced as early as next month. rising cost for bad loans forcing the bank to cut three times in 2014. amazon japan are fully cooperating with police against child pornography. there is an investigation whether sellers used its website to trade pictures of underaged girls. it generated more than $600 billion in 2014. >> japan has a record trade deficit for 2014 despite the rebound of exports. shipts climbed 12.2% from a year ago period with exports to the united states growing at almost twice that. and they came in at 24%. imports climbing 2% leaving a deficit of $5.6 billion. the rest of the day news go to bloomberg.com, and you can catch up with some of the interviews you missed on bloomberg tod

u.s. and china. the u.n.es 20,000 have fled in to neighboring country the latest from niger's capital. >> reporter: nine press of 19 countries including the our pine and others. shows the urgency of the situation on the ground the. the general feeling is much final has been wasteed with these conferences going on and on and no particular force is on the ground to tackle boko haram peoples think people are losing time especially in countries affected by boko haram violence, little coordination between countries affected by boko haram violence country ares like cameroon niger there has been an alliance between nigeria chad and cameroon setting up a border to deal with that region, unfortunately little coordination among all of them. that is on one side. on the side of nigeria and cameroon there has been some form of yard nation, unfortunately individual country is are tackling the problem the way they think best. what came up at this meeting in particular is that there is little coordination between these membe

mission and the chinese cooperation would be the most heroic, touching the most moving episode of the u.s. china wartime cooperation when china was in the leadership of the general. this deserves our heartfelt remembrance generation after generation. it is why i was surprised that last month i went to a special exhibition cosponsored by the research institution and the think tank here and i was surprised that out of 150 of 200 photos those not even one about general doolittle and his missions. in fact, to my surprise, maybe there is one hiding somewhere that i did not find. but to say the least he was outnumbered tremendously by the picture of american army colonel. and he was the chief of u.s. military liaison during the wartime. so the colonel had lot of pictures so they showed those pictures instead. this is why today i appreciate this opportunity offered by the center even more because i can get this chance to tell you the true story, the true t spirit, the true legacy. and this today is honored, it's well preserved and inhittered by the people of taiwan. our sincere, most profound salute to

china seas? no doubt, with u.s. other as an important ally, china could be raising eyebrows here. >> i find it interesting that both presidents articulated what ony call a "shared vision" the topic. i think there are two components. one is that we are now getting to the end of the obama presidency. he has a little more than a year to go. toseems there is a come back these issues he has been enunciated in office. he has also taken it on board to have india play a major role in the. china will take note of developments rather carefully. there is a mention of the south china sea in the joint declaration. 30 of september declaration. i do not think there is too much to be read into this except for the u.s. and india are both looking at the issue very closely. they affirm their stakes in the region. >> important region. absolutely important region for that. we watch here at bloomberg very closely as well. professor palit, thank you so much for joining us. coming up next, coffee lovers in japan will have to pay more for f

u.s. and china mil-to-mil relationship. giving in fit with my point about process over results right? we are vested in an open process but to what end? we see it time and time again. i think iran is probably another example of that. is another example of that. but the exchange the administration seems to abate is when i going to do arms sales because we don't want china to do these mil-to-mil relationship. it needs this in essence to pitch of these headlines and these open-ended process. so anyway my point here is there's a possibly congress can link ongoing funding in legislation such as the ndaa for u.s.-china mil-to-mil programs to a commitment from the second a defense to congress that asserts that the above arms sales steps have been taken and then congress can be specific to f-16s for taiwan, submarines for taiwan. you know inclusion in these sorts of things. >> i'm going to use every second that we have here, so i wanted to ask claude something. i think the only the only place you there's any sort of daylight between us on trade and tpp ntb a generally as i think he cared about

u.s. interest rates. >> we tend to talk about china japan, u.s., europe.about the qe in version -- in version there are outlying economies. switch -- sweden, new england they haven different ways. >> they are trying to get broad generalities. new zealand exposed to what is going on in asia. sweden and switzerland exposed to what is going on in the eurozone. >> another one of the big stories we are following is the selloff in the currencies of many petro states. the russian ruble above $65 this morning. bill gross had an interview that you can hear on bloomberg radio this weekend. he said he is concerned that the selloff and oil is going to affect the demand from these petro states from buying u.s. treasuries. >> they have big foreign-exchange reserves, that as they spend them, they have less available to hold on to treasuries. there is some impact. i have looked at that, so far that effect is being swamped by the opposite effect, people wanting to hold quality assets. ten-year treasury yields below -- >> i love the phrase swamped. it shows us the dynamics

china grew last year. surpassing home market in the u.s. they are marking 20 years in china.my guest to joins us in studio. good to see you. happy 20th anniversary. >> thank you. >> mary kay started in the states years ago. famous for building up the how areal wealth of -- you doing that in china? in 1995.rted in china since then, it has been 20 years. we have more than one mundelein -- one million beauty consultants working with us. when we went to china, america is a company that is focused on the value system for women. we saw that opportunity in china. we started selling a value system. followed by a very good product. after that, i guess it just took off. we are number one in the market. in the market. knocking on doors. selling products like this. selling products like what we see on our table here right now. it really is about knocking on doors. also celebrating the success of your sales people. in the states, they give away pink cadillac. in china, it is a bit of an upgrade when it comes to the kind of car you get. not pink, but a mercedes. >> that's right. we current

u.s.-china relations. we have spoken to a lot of chinese interlocutors who say that these things get done deliberately, generally, inside their system. we mentioned this in the report, for our own administration and congress, this is a dedicated effort. they talk a lot about the economic leverage in the region. the administration has been slow to acknowledge this shift and see that it is a major change in the way that they approach things. we, collectively, would like to see them respond more strongly. it does not mean we have to respond in a kit for cap manner. pursuing things like the bilateral investment treaty. inside the system as well now like a foreign ministry, not playing the roles that they did under that administration. taking the full scope of how to take this into account is going to be critical. those governments, i didn't see anything particularly new -- on those comments, i didn't see anything particularly new there. it is interesting that someone at his level chose to do so, but i did not

u.s. to china. then the world's richest 1% is on track to owning more than half of the world's wealth next year. the portion of wealth held by the top 1% actually fell but over the next four years it will rise dramatically and will keep rising just as the wealth held by the bottom 99% will keep dropping. >> incomes are not going up minimum wages have stayed stagnant and the rich just continue to get richer as government policies have moved in that direction. >> reporter: they say the world's 80 richest people control the same wealth as half of the world's population. they are calling on governments to invest in free education and health care improve worker's wages, and raise taxes on the rich. >> rich individuals and particularly the richest individuals should pay a reasonable level of tax, the kind of tax they were paying as recently as the 1990s. >> reporter: they say income inequality hurts everyone because when more people have less to spending the economy suffers. the report was released ahead

china is at 200%. the u.s. is at 70%.telling sort of proportion for a market-driven economy, which still has remnants of state and central planning. >> david, thanks for that. checking in with other stories making the news today. business and political figures are heading to the world economic meeting. conversations will be dominated by the swiss franc. eurozone worries and speculation that the ecb is about to launch massive stimulus. there's also a green bay election this weekend and the continuing sluggishness in japan. >> about european zone deflation, but look at japan. i mean, the question is how do you define global? the big risk actually now is the whole world moves into a cycle of deflation. >> the european central bank is preparing for its biggest push to prevent deflation. economists expect a $640 billion bond buying program to be announced this week, 10% bigger than initially expected. speculation of the stimulus sent the euro to tan 11-year low last week. black rock says the countries si may fall to 70 u.s. ce

u.s. and china.ons estimates that nearly 20,000 nigerians have fled the violence in to neighboring countries. we have the latest from niger's capital. >> reporter: when the presidents of 19 countries including international organizations like the united nations the african union, the economic community of west africa states, the european union and others shows the urgency of the situation on the ground. butt general feeling across the ring sun that much time has been wasted with these conferences going on and on and no particular force is on the ground to tackle boko haram peoples think people are losing time especially in countries affected by boko haram violence, now, there has been little coordination between countries affected by boko haram violence, countries like cameroon, nigeria, chad and niger. there has been some form of military lines between nigeria chad and niger they sent setoguchi up a joint task force to deal with cross-border crimes in that particular region, but unfortunately, there

u.s. and china and europe.ave to adapt to the regulation which means they have to find technology that will allow us to meet the regulation. we know there will be a lot of pros and cons for regulation in the future and we can't control that. the only way we can try to face this is to make sure that we are fit enough to have technologies that allow us to make this regulation. u.s. regulation is important. we have to meet -- if you develop technology for the united states, you'll use it in china or europe and the other way around. what's important is not so much regulation in one country but overall trend you are seeing in major countries in the world. >> this is an important point. can you characterize what you see in terms of global market? what kind of 2015 are you expecting? >> i think 2015 should be good overall. i think we'll see a slow growth in the automotive market due to the fact that there is a slow growth in the economy. we're going to see very unbalanced situation depending on what market you're look

china. we are expecting growth around 6.8% this year. the key question for 2015 for asia, for australia, for new zealand, is will the recovery in the u.s. sufficient to offset the slowdown in china? i would be quietly confident that would be the case. it is an unambiguous positive for asia in 2015. rune have the longest bull in recent history. we have the bloomberg global commodity index falling to a fresh five-year low on friday. could this be one of the four horsemen of our impending apocalypse? >> i don't think so. i'm reading the commodity prices as a positive signal. at the most basic level we are seeing for the global economy rotates to energy. theu.s. is a much more in -- much more efficient user of energy than china. clearly if you look at the fall in commodity prices purely from the demand, you would be concerned. if you look at it from the supply perspective, we have seen increased supply, more efficient , and technological innovation in terms of extraction of energy area i extractionould be -- of energy. i think we should be focusing on the dividend that commodity prices are offering to corporate earnings and disposable house

u.s. and china did. india is too poor and for a behind china in its development to commit to some targets. >> the obama administration is aware this is more than a three-day visit he insists he isn't picking sides between india and pakistan. he is the first u.s. president to visit india twice while in office. >> bokoboko haram fighters attacked a city outside of maiduguri, a city that has seen several attacks since 2009. the democratic republic of congo has overturned senate has overturned the proposed bill to delay next year's presidential election. some fear it was an attempt by the president to cling to power. >> here at parliament in con congo oppositionist still are suspicious that president joseph kabila is trying to extend his rule beyond the constitutional limit of two terms. the government's objective is a strategy to avoid the constitutional limits of the time of the mandates. this is a call for the debate, and that's is what we must defeat. >> the senate voted against the plan that opposition

course, with climate talks relating to energy, where do they get their -- where does china get its energy? paris. the u.s. and china making a deal that might put some pressure on india and australia. the second issue is the broad area of cyber. in a situation where there was something a little more important from intellectual property point of view than movie scripts and indiscreet e-mails, or even created a physical attack traceable somewhere what happens? because clearly, there are various people in discussions about how the internet should be governed which india and china seem to be redefining multi-stakeholderism. the third thing is problems outside of the region, where there are issues with asia's inner -- energy supply or turbulence in the middle east. or if russia starts to get aggressive and creates problems for the world is trying to figure out what to do with russia and china and they might -- china and india might not agree. are there others that you have thought of or perhaps are going to write about? thank you. >> while my colleagues think about this, let me use your question to make a sham

u.s. and china on emissions cuts. e continues tomorrow here at the world economic forum, the former u.s. vice president, al gore discussions the challenges on communicating the science behind climate change. we'll have coverage of all of that and much more here on al jazeera. >> thanks for that adrian. you are watching al jazeera, there is much more to come on the program. we'll look at saudi arabia's new king and the challenges he faces as the heard of the oil-rich gulf state. also ahead. >> i'm in havana cuba where after two days of important talks about reestablishing diplomatic ties between cuba and the u.s. government no agreements were reached. that story coming up. >>> and later in sport, roger fedor is knocked out in the third round of the australian open. ♪ >> these people have decided that today they will be arrested >> i know that i'm being surveilled >> people are not getting the care that they need >> this is a crime against humanity >> hands up! >> don't shoot! >> hands up! >> don't shoot! >> what do we w

u.s. is investing. china, four times what the u.s. invests, and they're investing in modern systems. we have a lot of aging systems that are at the end of their design lives. bridges, roads, water systems in this country. we have a watermain break every two minutes in the united states. >> wow i see them on tv and i wonder what is going on. great to talk to you again. thank you for being with us. senior managing director of the american society of civil engineers. before we pile on d.c. and local governments, let's remember that executing infrastructure plan is easier said than done regardless of where you are in the world. take a case of the rails finally being laid on a new metro line running under the city of amsterdam. this project is years behind schedule and massively overbudget because of technical challenges of tunneling in wet sand soil. we have our report from underneath amsterdam. >> it's one of europe's historic trains stations and the busiest in the netherlands at and extraordinary construction project has been going on beneath it. tracks are now being laid six years beh

china has always been frustrated. it's the third largest carbon -- i mean, india is frustrated. third largest carbon polluter after the u.s. and china and doesn't feel it has to limit its production because it hasn't been a part of the long-term problem we have seen from other industrialized nations. do we think curtailed because of their reluctance to that take kind of responsibility like the other nations? >> that is exactly right. the president just returned from china where he did strike a deal that was monumental in terms of changing the approach toward climate change. if he can get both the chinese and the indians to do these kind of things and the united states has signed up for additional initiatives in this clim chain arena is one of the things he mentioned in the "state of the union" address and is an important area they are going to address. i think it was instrumental he was planting a tree as part of the welcoming ceremony. normally a cultural thing for the india is plants a tree for the future. i think that is the discussions they will have in terms of climate change. >> that tree planted just a few steps aw