president donald trump is preparing to speak for the 1st day of the world economic forum meetings in davos trump landed in the swiss resort town for a summit that's expected to be dominated by the issue of climate change jobs an advocate of economic growth at all costs and is likely to be challenged by environmental campaigners not least credit to him back who is also in davos they're going to vent with other young activists the 17 year old said that quote unquote basically nothing concrete had been done to reduce global emissions. and senior business editor ben wazoo and joins me now from davos then good to see you there. been 2 very different outlooks here on the economy and growth as it relates to climate change can we say that both and trump are speaking to very different in stakes in this crowd. there are 2 very different audiences in human respect but at the same time the world economic forum is trying to bring. these 2 sides together by saying that they're talking all about stakeholder capitalism this year a different type of capitalism not peut the pure capitalism of the pos b

isn't davos for the world economic forum to discuss the i.m.f. reports that compared to the reporting of tobar estimated global growth for this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip in projected growth includes a slowdown in. it is the world's most expensive real estate market but prices in hong kong are now under pressure after months of protests there. experts warn against too much optimism. hong kong's real estate market is the most expensive in the world after months of democracy protests real estate prices in hong kong are falling this tiny shop of less than 2 square meters in a crowded corner of one shy is a powerful symbol of change former investment banker turned property fund manager edwin li explains. this is this shop that very much to pay so based on my best lot of shared memory the shop lost the most money in the store was once a currency exchange kiosk but the tourism downturn means it's now a real estate office bought for just over a 1000000 euros it sold for less than half now b

the world economic forum's cupboard stick around he will be right back. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 316 get tapped now. kudos. to go to the girl next you tube channel. the final story. with exclusive. the must see concerning cold turkey. should be curious minds. do it yourself networkers food so subscribing and don't miss out. on the food. chain 2 of the. 2 very different voices shaping day one of the world economic forum president donald trump praising these strains of the u.s. economy and calling environmentalists prophets of doom. tells the doubles the lead you're not doing enough to save the world also on the program concern grows about the spread of a new virus in china shaving value he's around the globe reaction for investors in the united states or the 1st case has just been. on kris kobach welcome to the program with political trouble boiling in washington the u.s. president. is preferred the picturesque scenery of the swiss alps as opening speaker of the world economic f

has got a lot of traction and a lot of interest here especially from the founder of the world economic forum klaus fobbed he's also echoed her rhetoric saying that the world is facing a climate emergency it's whether or not companies start realizing this or not but we did hear from blackrock just last week larry fink is here the c.e.o. who said that he's going to put sustainability at the heart of their strategy that's the world's biggest wealth manager and that would be a huge move of course critics are saying that the company is waist deep in fossil fuel investments so that's going to take a huge huge change but many companies are talking about going carbon neutral going top negative even. one company one german company that's bucking the trend is zeman it has said it's going to back a huge coal mine project in australia and a stranger itself is still a climate denier it says it only pollutes 1.3 percent of carbon emissions it is the world's one of the world's biggest polluters per capita so that is still a huge problem getting governments on board and briefly is the emphasis is on busines

mean a low carbon economy we must forget about net 0 we need real 0 this was a jab at the world economic forum itself there is a challenge currently right now underway the world economic forum is challenging c.e.o.'s to go net 0 by the year 2050 we've seen a number of them sign up we've seen a number of them behind that pledge gratitude saying that is absolutely not enough we need to mattick action we need it now we needed to be deeper and we certainly need that before 2020 and we know every year there is a buzz word or there was a catch phrase that everyone's talking about in davos this year one of those phrases is stake holder capitalism tell us about this. yeah in fact it goes as follows stakeholders for a cohesive and a sustainable world now this is a concept which says that companies have a responsibility to society it is not just about generating wealth it is not just about making money it is not just an obligation to shareholders and said they have an obligation to their stakeholders including the following employees customers suppliers local communities society at large that companies

he will speak at this 50th anniversary of the world economic forum in a little while. us for live coverage of what the president does say. cheryl: 50 years. well, as president trump addresses the world economic forum in davos today, back here at home his impeachment trial is officially beginning in the senate today. lauren: kevin cork joins us live from statutory hall with what we can expect. >> reporter: the calm before the storm at the nation's capitol, we are inside the capitol as you know where the senate impeachment trial is set to get underway. even though the president is at the world economic forum, before he left he took a shot at chuck schumer who has been explaining about the process here, as the senate now gets a chance to take a peek at its impeachment proceedings. let me share part of a tweet that the president shared before taking off. crying chuck schumer is now asking for fairness when he and the democrat house members worked together to make sure i got zero fairness in the house. so what else is new? republicans so far remain unified in the support for

is in davos switzerland for the world economic forum today to discuss the world economic outlook the i.m.f. reports that compared to the outlook report in october estimated global growth this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip is projected growth includes a slowdown in india. and now to some of the other business stories making news. the friendship build. to cast one a 2000000000 euro contract securing its future for the next 7 years the firm signed a deal with fellow french m m s c cruises for 2 brand new ships the new linus will be delivered in 20252027. china is calling on canada to release the detained hugh away executive making one sure mang was arrested over a year ago and is charged with bank fraud for misleading the bank h.s.b.c. about your ways to tease in iran extradition hearing where she'll fight american efforts to have her brought to there for trial is scheduled to begin today. here on mosque space tourism company space x. has deliberately destroyed one of its falcon 9 walk it's to test the rockets abort function m

odds. 2 very different voices shaping day one of the world economic forum president praising the strength of the u.s. economy and calling and bar mentalists prophets of doom while gratitude burke tells the davos believe that you're not doing enough to save the world also coming up concerns grow about the spread of a new virus in china shaving value of faculties across the globe will bring your reactions from investors in the united states where the 1st case has just been reported. over welcome to the program with political trouble boiling in washington the us president prefers the picturesque scenery of the swiss alps as opening speaker of the world economic forum in davos mr trump mandy praised his administration's work he also told the global business elite that essentially each country would be better off fighting for themselves warnings that climate change threatened the future of the planet just a side leaving behind a heap pietschmann trials few could blame donald trump for seeking out some additional alpine. the us president was in davos to address the global elite but. his message

business wants to tackle climate change battles with the theme of this year's world economic forum in davos suggests but today's main speakers made it clear there's still a long way to go for business interests going hand in hand with and barra mental concepts. also coming up an invitation to davos can total charge the agendas of activists from around the world will look in on a totally different kind of entrepreneur. i'm to a cape town cleans up its act by upgrading its waste water system. business in africa want to get jobs and got to have you with us. it was a results business and climate change took top billing the 2 leading figures on both sides of the environmental debate that's donald trump and greater to merck use the platform of the global economic forum in davos to push their respective messages on a trump was all about business and investment in the u.s. dismissing fears of environmental collapse and hitting out the quote perennial prophets of doom a clear reference to teenage campaign attune berg who merely repeated her message with a definite hint of sarcasm that nothing

by best downhearted off next is d.w. a business with more from our team of reporters at the world economic forum in davos make sure to stay tuned for that i'm also going to buy our. coach a video. join linked to news from africa and the more story link to exceptional stories and discussions from the news of easy to out with same d.w. that comes from africa have joined us on facebook g w for god. can i am been taken. to closest place to hell just a long evening and welcome you. nice news and you can. i will do our story. becomes a. must. if one starts january 27th on d w. the. company's off facing more pressure than ever to not just make money but it's a promote social change as well at the world economic forum in davos some of them on the business elite starts thinking about a new form of optimism about africa they call them is ready to put sustainability before profits. inflation in south africa decelerates it's a full percent in december but there's a ray of hope with the lowest on the inflation in 15 years. this is business africa you updates on africa and global business on it. as well. is t

that was sally bundock at the world economic forum. theindexin bundock at the world economic forum.is lower. thank you for investing your time with us. see you in the next hour with us. see you in the next hour with asia business report. goodbye for now. this is bbc news. the top stories this hour: a city in lockdown — chinese officials say the people of wuhan cannot travel as they try to contain the spread of a deadly virus. at the trump impeachment trial the us senate hears the opening arguments as the prosecution makes the case against the president. no it looks as if written in the us are on a collision course over taxing tech companies. the virtual business giants of the tech world have a very physical presence on the streets of davos at the world economic forum, where they need to keep the world's powerbrokers on side. taxing them has been tricky and is now a global diplomatic incident, with britain committed, in april, to a 2% tax on the uk sales of the likes of facebook, google and amazon. as we leave... here, the chancellor under pressure internationally, in particularfrom

we are revisiting conversations from the 2020 world economic forum in davos. c of markets and the global economy. some of the world's most respected bankers and economists share their outlook for the year ahead. here is blackrock ceo david schwartzman. >> what is the biggest unknown for the markets? election, global growth, geopolitics? growth.t is not global global growth will continue. the biggest risk for markets are two types of thing. one is u.s. domestic politics. the second is a black swan effect that can happen. we just had an incident, for example, in iraq. i was watching television. almost everyone was declaring world war iii starting. they all happened to be wrong, but if they were right and the strait of hormuz were closed, and we ended up with a huge dislocation, you could get thrown accidentally from slow growth into recession. >> but it is amazing how the markets quickly discounted. once there was no immediate threat of war, they moved on. asset prices were priced to perfection. how to that matchup -- how do those two matchup? : usually perfectio

lie from berlin the world's wealthy and powerful gather in the swiss alps for the 50th that world's economic forum president donald trump opens the gathering of the world's business and political elite by boasting about the u.s. economy saying america is winning like never before but teenage activists gratitude .

we are revisiting conversations from the world economic forum in davos. e topic of markets in the global economy. some of the world's most respected investors, anchors, and economists show their outlook for the year ahead. here is blackstone chairman and ceo stephen schwarzman. ♪ >> what is the biggest unknown for 2020 for the markets? >> it is not global growth. that will continue. markets arerisk for two types of things. u.s. domestic politics and the black swan effect that can happen. we had an incident that happened in iraq. i was watching television. -- everyone is declaring world war iii but if they were right and the streets up withsed and we ended a huge dislocation you could get thrown, accidentally, into a recession. >> it is amazing how the market is discounted once there was no immediate threat of war. we have asset prices priced at perfection. how did the two match up? >> usually perfection does not last. this has been an amazing run. normally you expect some type of havetment but if we don't an event with u.s. politics, and we avoid the kinds

bushfires hurricanes and rising sea levels is it your feeling that the participants at the world economic forum really grasp the extent of this crisis i think the governments and business leaders at davos know what needs to be done. but i'm not sure that. their discussions at davos will lead to any meaningful change in any of that the environment climate risks of being in the top list of risks with the world economic forum's a new review for several years ago. but emissions keep going up so the extent to

planning to force through their message that change can't wait this was more than any other a world economic forum led by the world's youth the other generation has a lot of experience but we have ideas we have energy but for those hoping to ensure an adult hood of environmental progress the forum got off to a bad start on day one president trump decried them as prophets of doom and instead chose to talk about a growing u.s. economy america's thriving america's flourishing in years america is winning again like never before the disappointment was clear i didn't hear anything about the world america is leader in the world and. i think that litters have to take care not all about themselves but also about other nations because we have the same collective planet since then the town of davos is witnessed more assertive environmental statements urging corporations and nations alike to wake up to the challenge the world is facing it is absolutely essential to recognize that climate change is an existential threat to us all and if climate change is running faster then what we are in day 3 so anglo-americ

begins right now >>> good morning welcome to "squawk box" here on cnbc we are live from the world economic forum in davos, switzerland. we are coming to you live an hour earlier because president trump is expected to address the crowd of world leaders here in the next half hour we'll bring you his address live as it happens. we have a huge lineup to talk about the president's speech here to talk about business. bank of america leader uber chairman, goldman sach and many, many more. >> after the markets pull back a little we had the holiday equity futures are showing the dow with pressure of 123 points, nasdaq indicated off about 60 and s&p indicated down about 18. we've been in quite a bowl as we extend record setting moves from last year are into the new year. pulling back a little. >> there are growing fears about the outbreak of the coronavirus. confirming now that the disease can spread from person to person and this comes at the time of the chinese new year travel-related stocks are down today. the hang seng falling after moody's cuts its rating. a little corporate news, boeing in talks to

life formerly in the world so wealthy and powerful gathered in the swiss alps for the 50th world's economic forum president donald trump opened the gathering of the world's business and political elite by healing the strength of the u.s. economy and boasting america is winning like never before climate activist agrippa to work has also been addressing delegates were in davos for you with the latest also coming.

applause in davos where the international business elite is gathering for that annual powwow the world economic forum. one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investment and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects and 14 blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally change is the

more pressure than ever to not just make money but to promote social change as well at the world economic forum in davos some of them on the business elite starts thinking about a new form of council is about african economies ready to put sustainability profits. and inflation in south africa decelerates to 4 percent in december but that's a ray of hope with the lowest annual inflation in 15 years. this is business africa you updates on africa and global business on the. welcome is the purpose of a company just to make money and create value for shareholders or is it to guarantee social benefits life workplaces and decent wages and also environmental sustainability with climate change looming views on this that changing fossil skepticism over traditional shelter capitalism is coming from all corners for many economies across africa though putting sustainability even for growth is easier said than done but facing what is perceived as a global emergency those worries seem to matter less the idea is getting more and more applause in davos where the international business elite is gathering for the

crisis management at high altitude the world economic forum kicks off in the swiss alpine village of davos and what else but climate change is topping the agenda also on the program the most expensive real estate market in the world seems the man going soft or exclusive report from hong kong kong tells you the latest and with prince harry and his wife megan looking for a live outside of the limelight serious questions arise for souvenir vendors winsor . on the program are you still sticking to your new year's resolutions well as of year would have it the world's elite are gathering to discuss what they can do to fulfill ambitious goals to make the world a better place and do a little business on the side of course the stage is set for the world economic forum in davos at the 50th anniversary of the meetings dana billet he and climate change are taking center stage. australia is burning the middle east is in crisis the global economy is flagging everywhere you look there are problems serious catastrophes meanwhile in davos everything seems calm but the snowy alpine landscape is only a

we are looking back at the 2020 world economic forum. ll upend global finance more than many leaders expect. blackrock is the world's largest fund manager. he pledged it will make sustainability a focus of its investment strategy. in davos, he spoke to editor-in-chief john michaelwaithe at the bloomberg event, the year ahead. ♪ >> being in the capital markets for 44 years, it is very clear we in the capital markets, we bring risk forward. we don't wait until the risk is in front of us. there are times it happens, and that was the great financial crisis, but in most cases, we navigate the risk, and through that process we mitigate most risk. there is a greater belief in the science and as a result of that now, we should not avoid the conversation about climate change, because climate change is now becoming an investment risk, and no different as investors focus on a yield curve or whatever forms of risk we have. it was very clear to me now we need to bring forward better risk tools to navigate risk. and this is, a component of the letter a

listen up with the latest from the world economic forum in davos. hello i'm terry martin good to have you with us in china concerns are growing over the rapid spread of a deadly corona virus so far the virus has been blamed for 4 deaths with more than 200 patients infected in china and cases also being reported in thailand japan and south korea with millions preparing to travel for the lunar new year holiday several countries are beginning to screen travelers from the affected region. in which an infected patients are treated in isolation wards at the ready is not confirmed over $200.00 cases of coronavirus symptoms include fever and difficulty breathing although there have been deaths authorities say most patients are not seriously ill health authorities believe the outbreak originated at this now closed market in new han which sold fish and wild animals researchers at imperial college london suspect the rate of infection may be much higher than the official figures they estimate there could be $1723.00 cases in will han beijing says it's taking th

has the world economic forum gone green not quite during the meeting the roads in davos are jammed with gasoline and diesel burning cars. maybe young climate activists can breathe some new life into the annual get together a number of them have come to devils not just grated tune back felix think byner for example is here to convince the world to plant a trillion trees if we manage to plant these trillion trees they would capture about a quarter of all human made carbon emissions so we could be incredibly powerful in a century giving us a little more time to reduce our global carbon emissions because if we continue on our current track we heading towards a climate catastrophe the forum has put the climate campaigners plan on its agenda this year in davos there seems to be just one topic entrepreneurs and policymakers alike are talking about sustainability but is that enough outside in the cold scientists and environmentalists are camping at the arctic base camp they're calling for every decision by political and business leaders to take climate change impact into account they say everyo

honest i think although it is very much the the agenda item and the slogan of this year's world economic forum they have been talking green issues for quite a few years here though this time is the overall defining theme of this year's world economic forum will of course be watching president trump's speech very closely to see whether he gets that message and i think that's unlikely i think his speech he's come here. many thought he would cancel this visit at the last minute but he has come here for the world economic forum i think because this is the sort of place that he likes to be among the global elite particularly at a time when the stock market is so high and james bears will be following all the happenings in davos for us thank you very much james. well still ahead on al-jazeera a psychologist who helped to develop the cia's controversial interrogation program a substantial grilling in the course of. the. case of very high pressure across northwestern parts of here at record breaking high pressure here actually you can see the clear skies that's what we do have that high and this area

zahidiith us is saadia come on the world economic the world economic forum coming out with extremely ces and also research papers. we talked about in the last couple of weeks, diversity as well. world economic forum has big goals on diversity, on gender. how is the rest of the world doing on diversity? are we thinking about a possible level playing field? saadia: it essential to restoring any sort of social mobility in advanced economies and creating a lot of it in the emerging markets. we in particular look at gender equality. a couple of weeks ago we launched our global gender gap report 2020 and found that it is still going to take about 100 years for gender equality as a whole, and 250-plus years for economic gender equality. that is completely not acceptable, and a lot of what we will be doing in davos is working on the mechanisms that will change that. an aspect is trying to focus on countries and what they need to do, and the other is looking at businesses. they have a huge role to play. i think they can get this dynamism within the gender equality space if they take into accou

but also bring you the latest from the world economic forum in davos. the world economic forum tries to rewrite the rulebook on how capitalism works but in the game records maximizing profit is that even possible full coverage up ahead from davos. and the s.o.s. from the berlin nightclub before it's forced to close its doors 1000 signed a petition to save the venue but with the city's nightlife under increasing pressure will that make any difference. i'm seeing you so much going to it's good to have you with us china is expanding its unprecedented efforts to contain a deadly new coronavirus imposing travel restrictions on more than 41000000 people now the epicenter of the outbreak is the city of one hand that is and who by province but it has now spread to at least 10 other cities all of them are now on lockdown and it comes as china. into lunar new year when millions of people travel to take part in celebrations many of those events have now been cancelled and with more than $800.00 infections reported in over $26.00 deaths authorities aren't taking any

for the world economic forum all eyes are on this teenager as she makes her case for climate action. mexican border guards migrants trying to cross into the country from guatemala. cross a river on the border close a nearby bridge. and gun rights supporters. in the u.s. state of virginia. his democratic friends. revolution thousands of armed activists gathered to tell lawmakers they want tougher gun control laws. hello and welcome to the program in china concerns are growing over the rapid spread of a deadly corona virus so far the virus has been blamed for 4 deaths with more than 200 patients infected. in china and cases also being reported in thailand japan and south korea with millions preparing to travel for the lunar new year holiday several countries are beginning to screen travelers from the affected region. in which infected patients are treated in isolation wards at the ready is not confirmed over 200 cases of coronavirus symptoms include fever and difficulty breathing although there have been deaths authorities say most patients are not seriously ill health authorities beli

but president trump addresses the world economic forum shortly. d global business want to hear? well, good morning, good afternoon, good evening, everyone. this is bloomberg surveillance. tom and francine this week the world -- at economic forum. let me give everyone we are speaking to, and then i will put you on the spot. this is who we are speaking to in the next couple of hours. we have larry kudlow, the chief executive of microsoft, black room -- blackrock, and citigroup. -- blackstone, and citigroup. every year there is a greta, somebody important, but what is so important to me is the intellectual component that is here through these business leaders to listen to. more than any other davos in 16 years, this is the davos with the theory of academics, global warming, and some economic theory. it has really devolved into people who really want -- they may not agree with it, but they really want to listen to those theories. francine: the problem is, you could want to listen, but it depends on if you implemented into your strategy. president trump

from berlin the world's wealthy and powerful gather in the swiss olives for the 50th that world economic forum president donald trump opens the gathering of the world's business and political elite by boasting about the u.s. economy saying america is winning like never before but teenage activists gradually learn says leaders like trump are failing to avert a climate catastrophe but also trump on trial the u.s. president may be away in davos on capitol hill lawmakers are debating removing him from office a contentious and partisan spectacle is on the cards as times of peace for trial begins in earnest plus sounding the alarm chinese state media reports a 6 person has died from a new coronavirus international airports and train stations are screening their passengers from china concern grows as health officials now warn the virus can be passed from human to human. is great to have you along every one of the 50 s. the world economic forum is underway in davos and clashing visions of the world's economy and claim it's are taking center stage u.s. president open the a lead to gathering by the. hai

climate change dominates talks at the world economic forum in davos. ood morning, asia and hello, world. it is tuesday and glad you could join us for another exciting addition of asia business report and i'm rico hizon and we start with huawei, because court proceedings have got under way in a vancouver court and the company's chief financial officer meng wa nzhou is fighting extradition to the us on charges of violating sanctions against iran. last year in may the chinese technology giant was put on aus chinese technology giant was put on a us government blacklist, effectively banning american companies from doing business with huawei. earlier i asked zoe thomas, oui’ huawei. earlier i asked zoe thomas, our business reporter, when we could expect to find out the outcome. we've got several more days of arguments expected at the court behind me and then the judge will go away and consider what she has heard and makea away and consider what she has heard and make a recommendation, but even after that we expect appeals and other cases, so it will be severa

running out to fight climate change and her keynote speech at day 2 of the annual meeting of the world economic forum she needed to take action pointing to her european green deal as a model that they should follow. the world economic forum hosted in europe's highest town is hoping to encourage sustainable climate policy europe aims to become a pioneer says e.u. commission president owes a lot from the lion with her european green deal she wants to make the continent the 1st to achieve carbon neutrality. the novelty. and the difference. to our fossil fuel. based model is. that we will fall store growth that is not extracting resources but that gives back to the planet more than it takes away from it just before his departure us president trump surprised the participants with a different topic he called for a new trade agreement with the e.u. threatening to impose trade sanctions on car imports they have trade barriers where you can trade they have tariffs all over the place they make it impossible they are frankly more difficult to do business with than china following the trade agreement with china

economic forum but have we heard from him. well he delivered a speech in davos today and this is for him this was essentially the opportunity to shine basically to speak at the world economic forum about the great economic data of the united states of course it's interesting that he decided to travel there today it's for him also a good opportunity to direct the attention basically on the american economy the question is to which extent this will work since the focus here on the news agenda will certainly be on the impeachment trial in the coming days and weeks and all of a meanwhile i mean what do americans make of the impeachment trial i mean. the latest poll suggests that a majority of the americans are actually in favor of including evidence and witnesses and that might have been part of the reason why is senate majority leader mitch mcconnell decided to weigh in and to alter the rules slightly he has also faced criticism from within his own party and some individual republican senators voiced criticism over the rules but the overall impression is that the majority of the americans are still staying behind party lines when it comes soon preachment all right di

commission 1st love under alliance tells global leaders gathered at the world economic forum to the window to fight climate change is closing she says europe should be leading the charge in creating a carbon neutral future mostly. on why our thank you so much for your company everywhere the death toll in the outbreak of a new coronavirus in china has jumped to 17 with more than 500 confirmed cases where there's growing fear now that the disease could spread and the virus is on the move hong kong and macau have confirmed. infections other we just have also reported a handful of cases thailand taiwan south korea and japan and also the us well the world health organization is now meeting in geneva to decide whether to declare a global public health emergency authorities have a trace the virus now to a seafood market in while they're still trying to figure out the exact source and how with the doubting but they have confirmed human to human transmission is you look at the evidence shows that the disease is currently transmitted through the responder tree tract and there is the possibility of a

present donald trump has told the 50th gathering of the world economic forum that america's economy is booming trump arrived in the space alps as the impeachment trial against him was due to convene in washington he pointed to record low unemployment levels and stock market gains to declare his economic turnaround as quote nothing short of spectacular and he entered office in 2017 trump inherited an economy that had been growing for 11 straight or tennis. well in his speech trump took aim at the main seam of the conference which is mainly combat in climate change arguing that it was a crisis best left for markets to cells in america we understand what the pessimists refuse to see that a growing and vibrant barket economy focused on the future lives of the human spirit that excites creativity srong enough to overcome any challenge any challenge by 4 fish or my colleagues an album alone from businesses in davos swishy caught up with the c.e.o. of the day's own group a young who kim to find out if industry is on track when it comes to reducing harmful greenhouse gas emissions well despite

in half an hour he will give the opening address to the world economic forum, the president giving a his way here saying heading to davos to meet world and business leaders and bring good policy and additional hundreds of billions of dollars back to the united states, we are now number one in the universe by far. in his remarks the president is expected to touch on his recent trade victories with passage of the us mca in the senate, passed by the house a few weeks ago, the president will likely sign that in the next week or so along with the page 1 trade deal between the united states and china which he hopes will lead to a more comprehensive deal maybe before the election or not until after the election. he will also touch on continuing trade problems, with the european union. the president continuing to threaten 25% tariff on european cars if they can't get a new trade deal. a little bit of movement it would appear, with digital services tax which donald trump does not like at all, a good discussion on the attack hoping to avoid tariff escalation, the president tweeting back at him

the climate and the economy 2 contrasting world views go head to head at the world economic forum as president. for competing visions. who will business leaders listen to also in the. international airports and train stations begin screening passengers. in china where a 4th person has died from a new coronavirus concerns for growth as health officials now warn it can be between people. and mexican border guards clash with migrants trying to cross into the country from one amala migrants have been waiting here also river on the border after authorities closed a nearby bridge. bus a skier p.c. becomes a store. the caribbean nation is not looking for snow but. feels like a winner despite finishing a long way behind the cool title. hello i'm terry march and welcome to the program. the annual gathering of the world economic forum is set to begin shortly in the swiss alpine ski resort of davos u.s. president bill trump has arrived in zurich for the summit just as his impeachment trial is due to get underway back home also attending the conference is swedish climate campaigner great to tour

much more from the world economic forum in davos ahead.omberg. ♪ ♪ live from beautiful davos as the sun, i'm haslinda amin. state owned oil producer petronas is a key source of revenue for malaysia with a dividend of $13 billion in 2019. it has been under pressure to return more as the government struggles to rein in its budget deficit. president and ceo of petronas datuk wan zulkiflee bin wan ariffin joins us. speaking of dividend, how much pressure are you under to provide more dividend to the government, whose covers are depleting? datuk: as far as our shareholders are concerned, we are very grateful that we have very responsible shareholders. whatever amount we agree on does not impact our operational requirements, if there are any financial commitments, and also our growth strategy. i'm grateful that we have a very responsible shareholder. are you under pressure to return more to the government? wan: we try to create maximum value for the shareholders, but what is important i think is our business model, or business growth plans are n