let's get more now from the world economic forum in switzerland.closed earlier after a consequential week dominated by an absent figure — the new us president donald trump, who delivered a remote address to the gathering yesterday. iamjoined i am joined now byjeremy jurgens, the managing director at the world economic forum. what is the mood like in davos are amongst those business leaders after donald trump's comments on trade and economic policy? how are the world's business community digesting this? is this donald trump the negotiator coming out or are they concerned about the tit—for—tat and a global trade war? tit-for-tat and a global trade war? ~ . . , , tit-for-tat and a global trade war? ~ . ., , , , war? we are wrapping up here with the mood _ war? we are wrapping up here with the mood of _ war? we are wrapping up here with the mood of constructive | with the mood of constructive optimism. i think people are quite keen to hear that a wide variety, a number of announcements he made on trade, tariffs, clearance on energy, something they are

joumanna bercetche is at the world economic forum in davos.oumanna: we will talk about some of nubank's expansion efforts but before that want to welcome ceo david velez. you are the talk of the town is the return of the trump administration. i want to start off asking you how you are thinking about it as brazil's largest fintech company and the largest financial services company in latin america. the relationship between lula and trump has not been so warm over the years. are you worried this will have ramifications on business? david: ultimately, brazil is very aligned geopolitically to the u.s. brazil has a lot of commodities. a lot of energy for data centers, a lot of water, big population. geopolitically it is important for the u.s. and latin america to be close. for brazil and the u.s. to be close irrespective of political party. joumanna: how are your customers feeling about high levels of inflation and interest rates in the brazilian economy right now? david: i think the micro has deteriorated over the past couple months, but the reali

stay tuned for all those interviews from the world economic forum. this is bloomberg. ♪ valerie: the chinese -- tom: president trump says his plan is still on the table. let's get more with haslinda amin who joins us from davos with a guest who straddles the divide. that divide has collapsed in terms of hong kong china and the relationship with the u.s.. hong kong is just another chinese city perhaps. haslinda: not really. you know that. that 10% tariffs. we have seen the impact on markets already. let's get perspective from the ceo of hong kong exchange. good to have you with us. >> good morning. haslinda: u.s. mulling 10% tariffs, way smaller than 60% but markets still not liking it. markets getting sold off in china and hong kong. how are you assessing sentiment right now? haslinda: of -- >> ok. let's think about the last few trading sessions. we had a good run. what we saw in the hong kong market today. a small reaction to the news. but you have to remember, we have six consecutive days of gains. i think it's just a small correction. in any event

we're coming to you from the world economic forum in davos switzerland.four hours from now where immigration becoming a big topic of discussion. i spoke with imf managing director on how illegal migration is hurting the global economy. >> for aging societies, good immigration policy is a must. countries in europe simply don't have the people to provide for the older and living longer generations. maria: that's a good point. >> so they have to think about a good legal way of tapping into skills and capabilities elsewhere. what i see here in the united states the focus is on illegal immigration. maria: yes. >> because if you have a legal channel that contributes to labor markets in the united states, as i heard also president trump commenting, that adds to the vibrancy of the u.s. economy but illegal immigration causes problems. maria: and it's causing problems across the world. italy is also dealing with it. back at home, trump's mass deportation operation is underway. i.c.e. agents arrested more than 460 illegal migrants including those with criminal hist

it gives me great pleasure to come to beautiful davos for the world economic forum annual meeting. this is an important platform for discussing global economic issues and a van guard for promoting international exchanges and cooperation. this small town is attractive, not only for its picturesque landscape, but also for inspiring new ideas and facilitating common progress. eight years ago, it was here in davos that chinese president xi jinping delivered the important speech in which he pondered the question of our times. what has gone wrong with the world and what should we do about it? and sent a resounding message that china will support economic globalization, uphold and practice multilateralism, and join the effort to make the world a better place. this speech, as the professor concluded, brought us some sunshine. upon deep reflection, president exi pointed out that -- xi pointed out that any attempt to channel the waters in the ocean back into isolated lakes and creeks is simply not possible. and that pursuing protectionism is like locking one self in a dark room. while wind a

let's return to the world economic forum in davos in switzerland. the final plenary finishing about half an hour ago. it's been a consequential week dominated by an absent figure, the new us president donald trump who delivered a remote address to the gathering yesterday. let's hear now from the forum's chief executive officer burga brenda, who's just emerged from leading that final plenary in davos in recent minutes. thank you for making a beeline over to our live position to talk to us afterwards. there is a lot of cynicism about davos, but what it can actually achieve and why you invite world leaders to a small ski resort in switzerland. this week at the end of the week, i'm sure it has been a busy week for you, what can you say it has achieved? i week for you, what can you say it has achieved?— it has achieved? i think we have identified _ it has achieved? i think we have identified the - it has achieved? i think we have identified the areas l it has achieved? i think we - have identified the areas where we can still collaborate in a more fractu

a quick break artificial intelligence of the focus on the diablo's world economic forum, chairman and the landscape. we will get into it. you are watching "mornings with maria" live from the world economic forum and davos switzerland. stay with us. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. consolidate bad debt and save money for your next goal. sofi personal loans. low, fixed rates. borrow up to $100k. no fees required. >> maria and davos monster by invesco qqq. maria: welcome back the theme for the world economic forum and davos switzerland collaboration for the intelligent age putting tech and a.i. front and center accounting firm release findings from the fourth quarter a.i. pulse survey speaking to american business leaders that represent organizations with over a billion dollars in annual revenue. a majority of the surveyed said they feel a.i. will fundamentally change the nature of their business in the next year or two, 68% plan to invest 52,250,000,000 in generative a.i. over the next 12 months over half exploring the use of a.i. agents with only 12%

welcom president trump addressing the world economic forum today, here in davos happening in over two00 a.m. eastern trump joined hannity last night talked about reconciliation importance of extending the tax cuts in the oval office. >> i like the concept of the one bill, it could be something else it could be -- a smaller bill a big bill, but as long as we get to the right answer i will say that los angeles has changed everything, a lot of money is going to be necessary for los angeles, you know, they don't work with us on the umtax cuts, extending that would mean taxes would go up more than any tax hike in the history of our country they will fight us on that they fight us on things it is incredible. >> don't use common sense in my opinion democrats don't use common sense. >> joining me now vice chairman president microsoft brad smith thank you so much for being here thank you just heard president trump, talking about his plans for the economy extending the tax cuts also, of course, talking about deregulation, how would you access the president's policies what do you want to hear fr

we'll slip in a short break and then deal making and growth takes center stage in the world economic forum. we are talking about it with the vice chairman of client and banking at citi, leon c calveris here to break it down, stay with us live at the world economic forum in davos. ♪ at harbor freight, we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight. ♪ ichi, ni, san, shi... (1,2,3,4 . . ) ruri never thought she would live out her dream. then one day, she did. you were made to chase your passions. we were made to put them in a package. ♪ you'll get better when you're not blamed for a condition you can't control. ♪ you'll get better when your pain isn't minimized, dismissed, forgotten. we will never stop trying to get better. because when medicine gets better, all of us can get better. ♪ morikawa on 18. he is really boxed in here. not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? anybody see it? oh wait,

donald trump's address to the world economic forum was extraordinary.was a collision of two worlds, and one in particular, here where you have global chief executives, financiers and european leaders and other world leaders — they had hoped that some of the campaign rhetoric, some even of the inauguration rhetoric we heard from the us president would not have actually made it through to actual policies or the way in which america is going to act on the world stage. and so we had this curious duality from the trump speech — charm offensive in the most real sense of that phrase. charming — come to america, set up your factories here with tax breaks, buy into a booming technological miracle. that will be the america under the golden age of donald trump, as he sees it. and i imagine that would have been fairly seductive to many of the executives here. but charm offensive — also saying that if you didn't happen to want to set up your factories in the us, that's your prerogative. but in a mildly menacing way, if you don't want to do that, then be sure that yo

the titans are closely involved with the world economic forum, which seeks to protect capitalism by the world's environmental problems, climate change, threats of war and global inequality. they want to promote better capitalism that, seeks to address these appalling crises. what they more menu word called appalling crisis through conscious based management called stakeholder capitalism, corporations are encouraged to engage in profit making and wealth consolidation, but are encouraged to keep in mind of environmental, social and governance awareness. that's esg esg, the goal of the world economic forum. stakeholder capitalism is to protect capitalist growth and wealth concentration by using esg criteria as international propaganda mechanism for to mediate civil unrest. we're trying to do something about it, folks don't get upset. unfortunately e.g. yes, consciousness is having a zero impact on global inequality which is increasing and the environmental crisis is increasing as well. or environmental crises. and i grew up in california don't remember like having 50 fires at once. yeah. i

it gives me great pleasure to come to davos, switzerland for the world economic forum in meeting. this is an important time for discussing proper economic issues. and for permitting international exchanges and cooperation. and this is attractive your small town and only for the picturesque landscape, but also for inspiring new ideas and facilitating common progress. it was here in, davos, switzerland the chinese president xi jinping deliver the important speech. and when he ponder the question about time and what is going on with world and what shall we do about it read and send a resounding message china will support economicon globalization and practice naturalism enjoy the effort to make the world a better place predict this speech is concluded brought us some sunshine. and upon deeperr reflection, president xi jinping pointed out that any attempted to channel the waters and ocean into isolated lakes and creeks, something not possible. and that is hearing protection is like self and backroom. what wind and rain is kept outside in the back room will also grow light air. in this t

joining us i hope you are having a good wednesday, wednesday, january 22, we are live from the world economic forum in davos switzerland the talk of the town is america's new leadership on president donald trump and impact will address world economic forum tomorrow a 25% tariff expectation on mexico and canada he says this will happen on february 1st, state of the global economy in focus of course, as always, in davos the international monetary fund he projecting global growth 3.3% inflation expected to did he cline to 4.2%, the chief economist expects u.s. policy to have distant impact the international monetary fund managing director great to see you. >> welcome to the practical we try to catch up to get a kens what you are seeing in the global economy, what is your expectation for the u.s. and the rest of the world? >> so a u.s. is doing pretty well we expect will continue to outperform the rest of the world we actually upgraded projections for growth in u.s. by half a percentage point from 2.2, to -- 2.2 to 2.7% big number what we see is that the outperforming is productivity growth in united s

david beckham is making his debut at the world economic forum — he was awarded a humanitarian award foreconomics, leaders in life, and they can make changes for children. for me personally, to have been part of unicef for so long and met so many incredible children over that time and being able to help children over that time, or even be able to shine a light on the situations that they are involved in, i've been able to use my platform that i've had over the last 20, 30 years for the voice of children, and that's important to me because, you know, that's important to everyone. your charity work, your sports work — you're a i great british export around the world, i including to america, and the _ government is trying to do the same sortl of thing around now. do you think the message i about how great britain is... what advice would you give? great britain will always be great to me. that's what i am all about. you know, i'm not a politician, i'm not a scientist. i stay out of all of those kind of things. but one thing i don't stay out of is the protection of children, and that's why i'

tax cuts and central banks at the world economic forum in davos. >> i'll demand that interest rates drop immediately. and likewise, they should be dropping all over the world. interest rates should follow us. >> and taking a look at futures this morning again after the s&p closed at a record high, we're seeing a very slight pullback in all three indices. all three down fractionally. the dow down just about 50 points right now. we want to take a look at the s&p 500 premarket laggards this morning. taking a look at some of the stocks that are moving the index just a bit lower here in the premarket. and you see here at the top list. texas instruments following their earnings. we're going to hit on that in just a minute. those shares down nearly 5%. cf industries csx another company reporting its earnings yesterday disappointing in some metrics down just over 3%. intuitive surgical down 3%. resmed rounding out the top five. take a look at the bond market. not really reacting to the president's comments. take a look at the ten year right now 4.63 pretty much where we saw it at yesterday. we d

world economic - of their minds. and why are you at the world economic forum? | at the world economic forum?o achieve? it is the first time might state kentucky has ever been invited because we broke ever —— every economic record, the most newjobs, the most exports, the best wages, so this plant —— chance to put kentucky on the global stage. i and meeting with employers from countries around the world that employ 8500 people from kentucky, they are from three continents and i get to see them all right here and talk about bringing in morejobs. as about bringing in morejobs. as a governor i am very practical. before any ideology comes into play, myjob is to create a better life for the people of kentucky and i certainly hope for my country that moving forward those are some of those things that we focus on, lessen all the divisions we see out there and more on good jobs, health care, safe roads and bridges, good schools and public safety. i bridges, good schools and public safety.— public safety. i have been readin: public safety. i have been reading about _ public safety. i have been reading

we will be live at the world economic forum in davos all of this week.ng the key guests joining our coverage include central bank policymakers, the south african reserve bank governor, the bank of france governor, the bundesbank president close cannot --klaas knot, they smb chairman, all the movers and shakers right here on bloomberg tv. here on bloomberg "daybreak: europe", coming up, legal ai startup luminance is hoping to continue the momentum it started in 2024 by expanding its presence in the u.s. we will speak to ceo eleanor lightbody exclusively next. this is bloomberg. ♪ lizzy: 6:46 a.m. in london. i'm lizzy burden in dubai. this is "bloomberg daybreak europe." welcome back. cambridge-born legal ai company luminance has seen its corporate customer base more than doubled since the start of the year. the firm is announcing new offices in san francisco and toronto after tripling its u.s. headcount in 2024. i'm pleased to be joined now exclusively by eleanor lightbody , ceo of luminance. great to have you with me. you have just opened new offices in

[applause] >> the senior chinese vice premier spoke at the world economic forum in davos, switzerland highlighting china's investment in the global south in the country's aggressive development of artificial intelligence. this is about 40 minutes. [applause] >> your excellencies, distinguished guests, ladies and gentlemen. dear friends. it's a great honor to welcome his excellency ding xuexiang, member of the standing committee of the chinese communist party and vice premier of the state council of the people's republic of china, for the first time to the world economic forum's annual meeting. your presence here today shows the importance of china's global engagement and the critical role china plays in shaping our shared future at such an important and critical moment. your excellency, china has emerged over the last decades as a key player in addressing global challenges and its contributions to global economic development are undeniable. china's commitment to sustainable development and its ambitious goals for a green economy are impressive. your multiple initiatives have the poten

donald trump's address to the world economic forum was extraordinary. worlds. one in particular where here, where you have global chief executives, financiers and european leaders and other world leaders. they had hoped that some of the campaign rhetoric, some even of the inauguration rhetoric we heard from the us president, would not have actually made it through to actual policies all the way in which america is going to act on the world stage. and so, we have this curious duality from the trump speech. charm offensive in the most real sense of that phrase, charming. "come to america, set up your factories here with tax "breaks, buy into a booming technological miracle "that will the america be under the golden age "of donald trump" as he sees it. i imagine it would have been fairly seductive to many of the executives — charm offensive. also saying that, "if you did not happen to want to set "up your factories in the us, that's your prerogative" but an oddly menacing way, "if you don't to do that, "then be sure that your exports into the us will be ta

the steep clements in java square world leaders are gathering for the world economic forum as poland takes on the e. you council presidency. it faces critical challenges securing its borders with fellers, managing tensions with russia and navigating global unpredictability. following donald trump's return to office at home, questions loom over whether president audrey due to and prime minister donald fast can present a united front as poland leads europe through turbulent.

and we would like you to stay tuned all week for bloomberg coverage from the world economic forum inbefore we close out the hour, a reminder here that we have u.s. stocks at record highs right now. the s&p 500 sitting near its best levels of the session, up by .8%. well above that 6090 level. you have the nasdaq leading the way up 1.6% thanks to big gains in netflix today. treasuries and the dollar, not moving a whole lot. the ten-year yield moving 4.3% and the dollar marginally higher from new york, this is bloomberg. ♪ announcer: this is balance of power. live from washington dc. joe: trump tariffs are still just a threat, 10% against china, others against canada and mexico but nothing real yet. thanks for being with us. many thought they would take effect day one. we thought we would have a plan for a congressional agenda. kailey: there will be a meeting at the white house with moderate republicans and the president after he met with mike johnson and john thune about the to do list congress has. not explaining how and when. joe: republicans sitting with the president today. s.a.l.

president trump addressed the world economic forum in davos that takes place annually in the swiss skiident trump took questions from leaders of major banksment. speaking from the white house, the president took an approach. pres. trump: make your product in america and we will give you among the lowest taxes of any nation on earth. we are bringing them down substantially even from the original trump tax cuts. if you do not make your product in america, very simply you will have to pay a tariff, differing amounts but a tariff, will direct billions of dollars or trillions of dollars into our treasury. caitrÍona: the president also said he would ask major oil producing countries to lower crude oil prices. he said lower prices would help end the russia-ukraine work. -- russia-ukraine war. president trump spoke to the crown prince of saudi arabia and saudi state media said he pledged to invest $600 billion in the u.s. but president trump used his speech to press the saudis for $1 trillion. >> donald trump's address to the world economic forum was extraordinary. it was a collision of two wo

we have more from the world economic forum in davos. so much of— economic forum in davos.o much of the _ economic forum in davos. sr much of the talk here has been trying to divine what the us administration of donald trump will do on trade. the consequences of a tit—for—tat trade war are very severe, but he suggested originally the trade tariffs he planned would be certainly slower in coming and less than expected. that has led to less comprehension than you may expect, but there's general uncertainty. on there's general uncertainty. on the other hand, there's big optimism about what the us economy can do, especially the big tech giants and their massive investments in artificial intelligence. some despondency about europe and how it's behind. he was trying to be very diplomatic about donald trump, skype such provocations as the us president saying that he had eyes on greenland, which is obviously part of denmark, which in turn is part of the eu. so, some diplomacy required there. as donald trump focuses on canada, mexico, and china first. but also in terms of some discus

we have a great lineup of guests from the world economic forum in davos. coming up, jenny johnson of franklin templeton, christopher wilcox, and mario greco. they will be interesting. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. the world economic forum in davos is taking place now in the shadow of donald trump's the white house --donald trump's return to the white house. francine lacqua is on the ground and joins us with another guest. >> thank you. joining us is jenny johnson, chief executive of franklin templeton, and i have to say it's cold, colder this morning then yesterday, but at least it wakes us up to try and figure out the world economy and everything that goes with it. a lot of the participants were looking at the inauguration. a lot of the bankers are expecting the regulation -- expecting the regulation and donald trump to not kickstart because it is doing ok but better the economy of the u.s. jenny: the view on trump is very clear that he once less regulation. he said that for every new one enacted he will take away tw

donald trump speaking to the world economic forum saying america is open for business. not only that, he will work with companies to try to get their permits expedited through emergency orders he has given. he told the leaders of the world economic forum he wants to lower the corporate tax rate to 15% if you make your product in the united states. >> my message is simple, and the lowest taxes of any nation on earth. from the original trump tax cuts. if you don't make your product in america which is your prerogative, you have to pay a tariff. >> reporter: if nothing changes the flow of illegal drugs, immigration coming across the borders, the president pledges tariffs on countries that include brazil, india command china. he has fielded calls from world leaders promising investment in the us. the latest, the crown prince of saudi arabia vowing to make investments and purchases in the us adding up to $600 billion. we know about the stargate venture pledged in the same time of $500 billion and $20 billion for properties, the president believes all of all of making this in

the defendants in java square will lead us a gathering for the world economic forum as poland takes on the e. you council presidency. it faces critical challenges securing its borders with fellers, managing tensions with russia and navigating global unpredictability. following donald trump's return to office at home, questions loom over whether president andre judah and prime minister donald tasks can present a united front as poland leads you're up to turbulent times abroad. their stance and migration is real. and i see, see, as the complexity prime minister task is confirmed that colon will not comply with the i. c. c warrant to arrest is really 5 minutes for benjamin at yahoo. if he attends the 80th anniversary at the liberation of outfit raising questions about balancing legal obligations with historical and diplomatic priority. post president andre due to addresses these challenges and more as he talks to l g 0, the president to, to thank you so much for talking to alex is here today here in clusters on the edge of dallas in the world economic forum. that's a pleasure to meet you.

to mention the withdrawal from the paris climate agreement. 0ur economics editor is at the world economic forumwhere global leaders were nervously watching trump signing all those executive orders. the one question being asked, the one question that really matters at the world economic forum for the whole of the global economy is how serious president donald trump is about his plans to tax the trade or apply tariffs to large swathes of the world trading system. he said in his inaugural address yesterday about massive amounts will be raised for the us treasury from this policy and on capitol hill people are talking about several hundred billion dollars, perhaps over $1 trillion. a simply massive amounts and at the same time yesterday chose not to levy extra taxes from day one. there will be a process of researching where they might best be applied. it is notjust about the united states, such policies already seeing pre—emptive rhetoric from the countries that might be on the receiving end like canada who said they would retaliate against us exports into canada which are really important. us exec

at the world economic forum in davos, switzerland, trump demanded opec lower and increase interest ratese oilfell. trump warned business leaders they would face tariffs for products made outside of the us. while investors have been cautiously monitoring the new president's comments about tariffs, stocks may have got a boost from the idea of interest rates and oil prices coming down. tech stocks, which weighed heavily on the market throughout most of the session, rebounded in the final stretch of wall street trading. this as trump said he signed executive actions related to ai and cryptocurrencies. staying in the us, and during his first week in office us president donald trump renewed his tariff threats once again. he said he would rather not use them but describe them as a tremendous power of the country. he threatens to pose a 10% levy on china with mexico and canada are also facing the threat. he promised to go after the european union as well for what he called unfair trading practices. deborah elms is the head of trade and gave her view on whether or not he would follow through on t

we'll be live at the world economic forum in davos to get reaction from the body's head of artificial also in davos — chasing growth — the chancellor rachel reeves is there with the message that britain is "open for business". welcome to business today. so let's get started and once again the business news is dominated by the announcements coming from the white house. president donald trump has unveiled major new investment in artificial intelligence by the private sector. the chief executives of open ai, oracle and the japanese investment fund softbank were with the president at the white house on tuesday afternoon to announce they will work together and raise hundreds of billions of dollars for building data centres for artificial intelligence across the us. called "stargate" donald trump said the joint venture is a "declaration of confidence in america". let's explore this more now with cathy li, head of ai, data and metaverse at the world economic forum. she's in davos this week, mixing with opinion formers — business leaders and politicians especially. let's start with the announ

the world economic forum in davos this week as donald trump settles into the oval office in washington. speaking in davos, the european commission president, ursula von der leyen, said europe has entered a new era of harsh geostrategic competition, with president trump playing a protectionist game. last night, the president suggested 25% tariffs on the united states�* neighbours canada and mexico. he also confirmed the us will pull out of the global paris climate agreement. ms von der leyen criticised the move. the criticised the move. paris agreement continues to the paris agreement continues to be the best for all humanity. so europe will stay the course and keep working with all nations that want to protect nature and stop global warming. let's hear now from trade expert allie renison. she is associate director at sec newgate and formerly a government special adviser and head of eu and trade policy at the institute of directors. good to have you here. there is so much i want to talk to you about about what we have heard from president trump. your focuses trade. what did you hear, if

president herzog: thank you so much for pleasure being here again being at the world economic forum, and thank you, fareed, for your words. we are, what is it now? one year, three months from the start of the october 7th war, attack which then triggered the war and it seems to me that israel's situation today has utterly transformed. hamas is in very bad shape. its leadership has been largely destroyed. the leaders who planned the attack have been destroyed. hezbollah has been substantially weakened. multiple levels of its leadership have been destroyed. iran has its air defenses have been essentially neutralized. its capacity to make weaponry has been significantly impeded. when you look at all that, do you view it as an opportunity for israel, and what kind of opportunity? pres. herzog: first of all, we have, we are still at war. of course, the ceasefire began on sunday, and that is a very blessed moment, especially as we are hoping and yearning and working towards bringing back our hostages. i'll talk about it in a minute, but i would say that clearly the situation poses a great o

and why are you at the world economic forum? what are you hoping to achieve? i'm here first time my state, kentucky, has ever been invited because we've broken every economic record that that we've ever set the most private sector investment, the most newjobs, the best wages, the most exports. so this is a chance to put kentucky a place that i love and that i lead on the global stage. i'm meeting with employers from countries around the world that employ about 8500, 8500 kentuckians. they're from three continents. and i get to see them all right here and talk about bringing in morejobs. as a governor, i'm very practical before any ideology comes into play. myjob is to create a better life for the people of kentucky, and i certainly hope for my country that moving forward, that those are some of the things that we focus on less on all the divisions we see out there and more on good jobs, health care, safe roads and bridges, good schools and strong public safety. andy public safety. beshear there who is a governor andy beshear there who is a governor in kentucky

we will have lots more about what donald trump has had to say about tariffs in the world economic forumfighters are continuing to battle three new wildfires that erupted in and around los angeles over the past day — fanned by strong winds. officials say containment efforts appear to be working — largely thanks to the extra firefighting resources that have been brought into the region since the first fires broke out at the start of the month. from los angeles, peter bowes reports. several fires are continuing to burn, and the strong winds remain a problem. the biggest new fire in the hills to the north of los angeles started just outside castaic lake about 2k hours ago. firefighters there are largely bringing that fire under control, successfully keeping it away from residential areas close by. and that largely goes for the other new fires that have started over the last day. you can just see the strength of the winds right now, and these are the winds that clearly hamper firefighters. the other two fires — one closer to the centre of la — brentwood and the bel air area, that burned over

during remarks at the world economic forum in davos switzerland. the talk is about 30

big conversation it at the world economic forum. this economy could get better, but are we priced for perfection? >> the dominant mood is extreme optimism. a lot of that optimism is priced into the markets. this idea of u.s. exceptionalism, to put that into context for people, actually, we are 4% of the world population, 20% of gdp, 68% of global market capitalization. the question we need to push ourselves on is, is it sustainable, how much further couldn't go? jonathan: that dominant is incredible. 4% of the global population, 1/5 of the global economy, two thirds of the market cap. lisa: why everyone is focusing on the united states. the key is getting past that and understanding what they are doing with the money. jonathan: let's get some morning calls with manus cranny. manus: goldman sachs is lower the price target on apple. they say dominant may be shifting, citing lower iphone sales and competition from china. what carveout might they get on the tariff story? bank of america raising the price target on meta, highlighting opt

i'm joined now by mirek dusek, the managing director of davos 2025, at the world economic forum.in the title. are we right in assuming it's about al?— are we right in assuming it's about al? , ., , about al? the theme is really dra: tlnt about al? the theme is really dragging two _ about al? the theme is really dragging two big _ about al? the theme is really dragging two big forces - about al? the theme is really dragging two big forces that l about al? the theme is really i dragging two big forces that we believe are changing the world economy right now. on the one hand it is the unique time we're living through now in terms of technological advancement and innovation, which we are trying to capture with the concept of intelligent but were also tracking for the fragmentation of the international system geopolitically and we take a more front foot approach to this. so underlying the proceedings here will be a sense of how can all stakeholders within society around the world have agency around the world have agency around some of these forces that are applying to the world econom

governor beshear: thank for you the world economic forum. the first time kentucky has ever been invited. we're excited to be here and introduce kentucky on the world stage. i think whether this concept of america first is a good thing or bad thing depends on how it's implemented. if it's implemented in a way that ensures the american people have good jobs, quality health care, strong infrastructure, strong public speaking, those are good things. but if it questions our alliances, especially our alliances with europe that are critical to global stability, then it could be a concerning thing for the world and the ultimate reliability and consistency that we need to do global business and ultimately live in as safe of a planet as we can. so i think what we'll see as we go, there always is going to be some rhetoric, but exactly how it's implemented, what its implications are, and i think that's both, what impact it will have on the world and what impact it will have on the american people because i think we'll talk about this more but my belief,

joining me to talk more about it here at the world economic forum is open a.i. officer sarah friar. congratulations to you, your company, sam altman ment this is a huge investment. >> stargate is exactly as both the president and sam just said. it's unlike anything we've done before. $500 billion investment. why? we want more compute that builds better models which answer more complex problems and hence solve more things for people. second, we're investing in infrastructure. infrastructure is destiny. and when we invest that brings more investment into the united states and clearly starts to create more economic outcomes. and third, it's going to bring jobs. hundreds of thousands of jobs. it's going to help with the upscaling, rescaling that needs to happen in the new a.i. economy and finally, national security. we shouldn't forget that either. maria: i want to get back to national security. i'm glad you brought that up. tell me about open a.i. and where is it being deployed, chatgpt, who is buying it? is it consumer or business more? >> it's actually both and i

the world economic forum pushes for collaboration — a place where leaders and company bosses come together to find middle ground. but president trump is clear his policy is "america first" and has already threatened to raise tariffs for his country's major trading rivals and partners. here's the latest from our economics editor faisal islam, who is in davos....(take sot) who is in davos. so much of the talk here has been trying to divine exactly what the us administration and donald trump will on trade, because the consequences of the tit—for—tat trade war are very severe. but he suggested originally that may be the trade tariffs he planned would be certainly slower in coming and less than expected. that has led to less apprehension than you might expect but there is generally uncertainty. on the other hand, there is big optimism about what the us economy can do, in particular the big tech giants and their massive investments in artificial intelligence that are spreading out across the economy. some despondency about europe and how it is behind, in terms of those big tech investments. i've

of course, that by the way is the topic at the world economic forum. you can't go anywhere without anybody talking with it. we are here in davos. nearly 3,000 business titans, politicians and heads of state gathering from all over the globe. as we mentioned, president trump's speech was closely watched here. becky, with some trepidation from those outside of the united states. the more american ceos that i spoke with last night, i would put in an accommodation of hopeful with a little bit of anxiety and skittishness talking about let's hope for the best and plan for the worst. what will the worst be? questions about what the red line might be. if you are outside of the united states, there is -- dare i say, a palpable fear. the tariff piece is part of it. i actually sat next to somebody at dinner from outside of the united states who made a fascinating comment who said we love the united states being the leader of the world. it's different if america has to be the winner because for america to be the winner, that means there has to be losers. >> right.

it is day two at the world economic forum in davos with the global elite is gathering.z are there and they sat down with the ceo of bank of america brian moynihan. he anticipates enthusiasm for deals to get done. >> what you are hearing is enthusiasm in the investment banking side particularly transactions. the last couple of years, it's been hard to get a transaction through. what stops a seller from selling or buyer from buying, i'm exposed. so they will push it through. a lot of enthusiasm there will be better growth in the united states, bankers saying that these deals can be done so they can have these strategic conversations. now it can be a great idea, let's do it. it is more of a substance base, more than a worry about the environment. >> basically you are saying there is more conviction and will to get stuff done? >> you will see more deals getting announced. in the banking sector especially in the united states, consolidation is still far away from being done. there will always be big banks, small banks. i will let people make a decision on what they need to d

i am maria bartiromo coming to you from the world economic forum in double switzerland where president trump marked his return to the global stage virtually addressing world leaders here as u.s. president once again. >> my message to every business in the world is very simple come make your product in america and we will give you among the lowest taxes of any nation on earth. if you don't make your product in america which is your prerogative then very simply you will have to pay a tariff the united states is the largest amount of oil and gas in any country on earth and we are going to use it it'll make the united states a manufacturing superpower in the world capital of artificial intelligence and crypto. >> back him president trump is kickstarting his golden age of america agenda signing executive orders to dismantle bidens regulatory state and creating economic boom with sweeping a.i. and energy actions. president trump has declared energy national emergency he's extending oil drilling and natural exports scrapping the ev mandates and pulling from the paris climate accord, all moves