narendra modi three thousand participants are sequestered in a snowball in davos until the end of the week. welcome to your business he is the first indian prime minister in more than twenty years to speak at the world economic forum in davos narendra modi the live of the keynote speech on the swiss ways old aim to drumming up invest. one of the world's fastest growing economies modi highlighted the six fold growth of his country's g.d.p. since the last time an indian prime minister attended the world economic forum that was in one thousand nine hundred seventy the i.m.f. has forecast seven point four percent growth for india in twenty nineteen beating china with only six point eight percent modi's speech also focused heavily on how technology driven developments paved the new roads to prosperity but can also reinforce economic divides. will speak to our correspondent in the halls later of the show but first this two hundred and seventeen years that is the time it will take for women to reach true equality in all walks of life across the globe that's according to projections done by t

as the worlds of business finance and politics elites meets in davos it's time to find answers at the top of the agenda how to distribute the benefits of growth more fairly around the globe. and oxfam claims the gap between the super wealthy and the rest of the world has widened again the report was released just in time for the davos meeting. it's time for business on the w m how you got to get us welcome to the program and i'll start with some name dropping british prime minister of the reason may french president in one remark call and brazilian president michel those are just some of the world leaders that we are expecting to attend the world economic forum in davos but the meeting is known for a very broad array of participants and topics here's a first look at what. these are the stars of opening night in davos elton john actress cate blanchett and bollywood star shahrukh khan are the recipients of the crystal and they've been recognized for their charity work but for many here the highlight is said to be u.s. president trump for the first time in nearly two decades a sitting u.

the world economic forum has begun in davos with a speech from india's prime minister has the united states wraps up import tariffs but i don't want pete mr modi's plate full free try. to get out as well how about that story i'll be back at the top of the hour. d.w. media center seat find it here it discover. video and audio podcast and language courses in the g.w. media center at little centered on w dot com. beat the germans new and surprising aspects of noise and culture in germany. u.s. american kate moos takes a look at germany it is increasing use of their traditions every day lives and language in this time of. good. intrigue d.w. dot com meet the german. at. the world economic forum gets underway in davos switzerland with a keynote speech by india's prime minister narendra modi three thousand participants are sequestered in a snowball in davos until the end of the week. this is the business live from berlin. the world economic forum has kicked off in the swiss alps with a keynote speech from indian prime minister narendra modi is address came as the u.s. imposed tough new tar

president donald trump as he tells reporters in davos what to expect from his closing address. the reversal states are doing. really well there were journalists decades the stock markets are incredible businesses are coming back into the united states and i think it's going to be a great message that people are going to like europe. by. come to d.w. business well it is the last day of the world economic forum in davos and the high point of today's proceedings is likely to be president donald trump's closing address which we will broadcast live here on d w a trump arrived in the mountain resort late on thursday and he wasted no time in getting down to business flanked by the c.e.o.'s of two major german call parades asap and siemens trump discussed his america first policy. trump started his visit by hosting an informal dinner for a group of some of europe's most powerful business executives and justice had been expected he wasted no time in listing his achievements for corporations i just want to say that there's been a lot of war a lot of respect for our country and a lot of m

attendee but is davos man making way for davos woman? this year the seven co-chairs of the meeting were all women. was it just window dressing? when we come back. your heart doesn't only belong ♪to you. bye grandpa. and if you have heart failure, entrusting your heart to entresto may help. entresto is a heart failure medicine that helps improve your heart's ability to pump blood to the body. in the largest heart failure study ever, entresto was proven superior at helping people stay alive and out of the hospital compared to a leading heart failure medicine. don't take entresto if pregnant. it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren. if you've had angioedema while taking an ace or arb medicine, don't take entresto. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. and help make more tomorrows possible. ♪ we know life can be hectic. that's why, at xfinity, we've been working hard to simplif

all right the swiss mountain resort of davos has opened its doors for the annual world economic forum and this year it's pulled in a record number of world leaders including the u.s. president but many are determined to show that he is not welcome. around two thousand people marched through the streets of zurich to denounce trump's visit and the entire gathering several smaller protests took place elsewhere in switzerland including geneva marty chappell involved takes a closer look at what is on the agenda at the us for. the world economic forum is well underway here in the scenic town of davos nestled in the swiss alps and the guest list is chock full of political heavyweights such as may merkel mccrone and to many surprise trump no one expected mr america first to even consider participating in a forum whose boast the globalist idea of creating a shared future in a fractured world and yet he's slotted to be the last speaker of the event and will most likely use the opportunity to soapbox about his own brand of economic nationalism and all the political elite continue to enjoy the co

lauren: president trump is in davos. the white house surprising everybody by releasing new immigration proposal last night. the plan creates, here you go, path to citizenship for 1.8 million immigrants who mostly came to the u.s. as kids in exchange congress would lay out $25 billion for a border wall plus other border security measures, it calls for an end to controversial extended-family chain migration as well as the visa lottery system. well, the reaction to this proposal, it's been swift and often harsh particularly from the left but also from the right, let's break it all down with john hopkins professor windy and conservative radio host eric, good morning. >> good morning. lauren: eric, you've seen the proposal, do you like it? >> i do like it. i think it's a pretty good balance from a president who didn't want to give citizenship to any daca recipient to 1.8 will get it. lauren: wendy, the key question is something like this can actually fly in congress? >> this is not going to fly at all, this is definitely dead

as the worlds of business finance and politics elites meets in davos it's time to find answers at the top of the agenda how to distribute the benefits of growth more fairly around the globe. and off found claims the gap between the super wealthy and the rest of the world has widened again the report was released just in time for the davos meeting. it's time for business on the w. i'm here to get us welcome to the program and i'll start with some name dropping british prime minister of the reason may french president imminent macaw and brazilian president michel those are just some of the world leaders that we are expecting to attend the world economic forum in davos but the meeting is known for a very broad array of participants and topics here's a first look at what. these are the stars of opening night in davos elton john actress cate blanchett and bollywood star shahrukh khan are the recipients of the crystal ball have been recognized for their charity work but for many here the highlight is said to be u.s. president trump for the first time in nearly two decades a sitting u.s. pre

as the worlds of business finance and politics elites meets in davos it's time to find out at the top of the agenda how to distribute the benefits of growth more fairly around the globe. and our stand claims the gap between the super wealthy and the rest of the world has widened again the report was released just in time for the davos meeting. it's time for business on the w. i'm here to get us welcome to the program and i'll start with some name dropping british prime minister of the reason may french president corps and brazilian president michel those are just some of the world leaders that we are expecting to attend the world economic forum in davos but the meeting is known for a very broad array of participants and topics here's a first look at what. these are the stars of opening night in davos elton john actress cate blanchett and bollywood star shahrukh khan are the recipients of the crystal ball have been recognized for their charity work but for many here the highlight is said to be u.s. president trump for the first time in nearly two decades a sitting u.s. president will b

another year before the next davos. nic robertson, davos, switzerland. >> stephen is in brussels. thank you for being with us. after listening to those comments, sounds lukewarm. overall, mr. trump didn't do anything glaringly bad, like sometimes he can, going off script. >> no, i think he was behaving himself. >> yeah. >> he's oo businessman, a salesman, a real estate guy and also president. which comes first, sometimes one wonders. he was in with the global elite, the people he loved to criticize during the campaign and he felt comfortable with them. these are business leaders. he read a speech, a speech that was written for him, his economic team, a pretty good speech. it had a few misleading things in it. i mean, he claimed to create 2.4 billion jobs since he was elected. of course, there was three months of obama in there. and the previous 14 months, more jobs had been created. he did do well. at the same time, during the q & a, after his speech, he did get in some zingers, as he likes to do, against the media. i suppose this was a way to remind his base that he's still the d

kamal is with us in davos. robinjust making the point that last year, the big keynote speaker was president xi jin ping. this year, we are talking about donald trump, and the two of them are in a spat about steel. these increased tariffs set up the arrival of president trump on friday. as you say, what a contrast with this time last year, xi jin ping talking about globalisation. he is the first president to visit the economic forum since 2000 and bill clinton. will he be telling the world comedy with america's wait while we will go it alone? from what we have seen today, it looks like he will be heavy on protectionism and the america— first time. a pretty aggressive message for the delegates. it is interesting, because among the speakers today, we have the prime minister of canada, justin trudeau, and we are hearing about steel tariffs being slapped on asian economies today, but the north american free trade agreement is a big issue, and we know that president trump is talking about renegotiating that complet

let's head to davos now. here with a man whose quebecois blood always runs hot -- runs hot in the cold weather. good times for the economy don't always translate into good times for investors. how long can the bull run last? it's hard to guess on how long this recovery will continue. i talked with my colleagues earlier this year and one thing i said was you look at all the positive signs. interest rates are stable. i say, i haven't felt this good since 2007. >> does that scare you? cautious.to be a bit i want to enjoy the moment. all signs are positive but it's good to be reminded that we are in the market for the long-term and their ups and downs in the cycle. at some point, maybe we'll see a bit of a correction. that should not scare people away from continuing to invest. does it feel close to the pink? >> i don't know, i'm not going to market time this. we have spoken less about the economy and the investor perspective and the talk is been a lot more about sustainability, climate change, social divide. to

more from davos next. net income attributable to shareholders fell to 600 and 4 million euros from 1.1 billion euros. the bank struggles with a transformation that will ultimately make it more efficient. hyundai motor's earnings have fallen short of estimates. fourth-quarter operating profits fell 24% to $731 million. sales fell in the u.s. and china. that is the bloomberg business flash. francine? francine: wall street is warming up to donald trump. some have said the president's policies will help drive markets higher. the jpmorgan ceo spoke to us in davos yesterday. >> the next year looks pretty good. polls -- holds -- potholes. -- puttics aside geopolitics aside. funds ares, hedge much more -- than they are today. >> in some respects, that anticipates my next question. is there any reason to believe that this part of the cycle, 201 2019 maybe are going to be euphoria2006-2007, the before the crash? >> i don't think so. we are wondering if we are going to have a recession. there needs to be something to

on the slopes of davos. francine lacqua as well bringing interviews. 21st century fox are responding to the report by the cma on the attempt with regards to sky, fox says they are disappointed by the findings. they anticipate the approval of the transaction by june 30. that is it for "bloomberg daybreak: europe." the european market open is next. manus: keep an eye on the dollar-yen. keep an eye on table. we are at the highest level since we voted for brexit. more to come. anna: you can hear all of that on bloomberg television. this is bloomberg. ♪ ♪ good morning. you are watching bloomberg markets, the european open. in london.y johnson matt miller is in berlin. francine lacqua is in davos. cash trade less than 30 minutes away. solar panelsfs, and washing machines in his first major protectionist move. who will be the winners and losers? the u.s. government reopens as democrats set a

since he took office sally is in davos. tell me more about mr trump's visit. yes, i have to say here, there are 3000 delegates here. there are more heads of state here than in many yea rs, heads of state here than in many years, and of course, lots of company chief executives. it is a bit like business news on speed. i have been talking to so many company bosses to get their sense of this yea r‘s davos, bosses to get their sense of this year's davos, which is completely dominated by the arrival of a sitting us president, the first time since 2000. but this is a very different us president. let's talk in more detail with philipjennings, from the unique global union, an organisation representing 20 million members, 900 unions. welcome to business live. president trump tweeted before he left washington, we will soon be heading to davos to tell the world how great america is and is doing. 0ur tell the world how great america is and is doing. our economy is booming, and with all i am doing, it will only get better. what do you

european leaders take this center stage on the second day of the world economic forum in davos switzerland the king of spain called for european unity and cast his vote for free trade and an open european economy. and of the forum is about the future well let the youth have a say we'll take a look at w.t.f. participants thirty and under the. sun for business on d w m how you know to get us welcome on the second day of the world economic forum europe was in the spotlight leaders like angela merkel in madrid mccall and the king of spain addressed the davos crew and made it clear that a challenging times for the e.u. there's still a common base. european heads of government were met by bright sunshine in davos on wednesday it seemed to underline their optimism they say europe has recovered from its economic crisis and is doing well germany france italy and spain are united in their push for globalization and against protectionism. we believe we have to cooperate and that protectionism is not the right answer. and we believe that if we share the opinion that things are not being done fairly an

time will tell, nic. >>> at davos, the u.s. dollar rebounding after president trump told investors not to worry. >> the dollar is going to get stronger and stronger. ultimately i want to see a strong dollar. >> so the dollar jumped 1% after that interview a day after the treasury secretary steve mnuchin's words said a weaker dollar was good for trade. mnuchin said his comments were taken out of context. it breaks 25 years of american policy and earned a tongue-lashing from the head of the european central bank not to start currency wars. >>> president trump defending america first in his speech in three hours. raising alarms about protectionism. not so says gary cohn. >> the president delivers the speech tomorrow and he will talk about the role that america plays in the world. as america grows, the world grows. it is good for the world to grow. we benefit when the world grows. >> america first. but not america alone. cohn says it is about a level playing field. not protectionism. i'm told from people who were there that the ame

as the worlds of business finance and politics elites meets in davos it's time to find out at the top of the agenda how to distribute the benefits of growth more fairly around the globe. and are found claims the gap between the super wealthy and the rest of the world has widened again the report was released just in time for the davos meeting. it's time for business on the w m how are you going to get us welcome to the program and i'll start with some name dropping british prime minister of the reason may french president corps and brazilian president michel those are just some of the world leaders that we are expecting to attend the world economic forum in davos but the meeting is known for a very broad array of participants and topics here's a first look at what. these are the stars of opening night in davos elton john actress cate blanchett and bollywood star shahrukh khan are the recipients of the crystal and they've been recognized for their charity work but for many here the highlight is said to be u.s. president trump for the first time in nearly two decades a sitting u.s. pres

boat on the global elites the full day to the world economic forum in the space mountain resort of davos the european leaders dominating the days the gender. council are going to will address these world forums shortly will she be able to lay out her vision for a stronger europe i'm crystal colder and davos more coming up. also turkey's prize the vote keeps up the pressure as turkish troops and their allies fight to kill goodish militia away from the border president one is threatening to extend the offensive full of the east. block in the next sixty minutes the heartbreaking for not from so court islamic state this daughter left home to join the terrorist group for years on how mother back in chechnya feel has never been to be united. how don't welcome to you i'm. it's the second day of the world economic forum with the european policymakers taking the spotlight in a board. and french president in money luck role will be delivering keynote speeches and will the leaders meet every year in the space resort town of davos to discuss global and economic issues now with three thousand delegat

right there was president trump again and davos and in davos is the business reporter how not humphrey how i got to see you at the president's favorite and recurring theme made an appearance at davos the unfairness of the global free trade who was the alluding to. later that was a big head nod to china remember that even before he touched down here in switzerland the president signed off on trade tariffs on solar panels on washing machines up to fifty percent some people say on some of those tariffs provoking from china and from a south korea who those trade tariffs were aimed against he said that we want a free and fair trading system perhaps the irony is though that the body the all the traits fair trade is the world trade organization in geneva which the united states president has also said that the u.s. wants out of he also made head nod again to china referring to intellectual property theft which he said washington would no longer tolerate now in a major trade deals as you know better than anybody else taking years of painstaking negotiations through the business leaders gathere

european leaders take this center stage on the second day of the world economic forum in davos switzerland the king of spain called for european unity and cast his vote for free trade and an open european economy. and of the forum is about the future well let the youth have a say we'll take a look at w.t.f. participants thirty and under. it's time for business on d.w. and how you know to get us welcome on the second day of the world economic forum europe was in the spotlight the leaders like angela merkel in madrid mccall and the king of spain addressed the davos crew and made it clear that a challenging times for the e.u. there's still a common base. european heads of government were met by bright sunshine in davos on wednesday it seemed to underline their optimism they say europe has recovered from its economic crisis and is doing well germany france italy and spain are united in their push for globalization and against protectionism. we believe we have to cooperate and that protectionism is not the right answer. and we believe that if we share the opinion that things are not being done

this morning my friend davos. cheryl: before he left for davos last night, the president said he is now willing to testify under rope and special counsel robert mueller's investigation. >> i'm looking forward to it actually. there's no collusion whatsoever. there is no obstruction whatsoever and i'm looking forward to it. i would love to do that as soon as possible. cheryl: the president in exchange with reporters set for the first time he's up into a pathway to citizenship for daca recipients. whatever they are doing come if they do a good job at the nice thing to have been to have the incentive of a period of years been able to come a citizen. two and a legislative framework on immigration next week. looks like they include something for the dreamers. cheryl: the clock is ticking. february 8th is the spending bill -- deadline for the spending bill. we have a new fox news poll to show you. 40% of voters said the trump administration has made the economy better. they raise the economy positively more than they hav

he joins me on set at davos. welcome. >> thank you very much >> there's been a lot of commentary here coming on the back of those comments from secretary steve mnuchin about what a weaker dollar would mean for the european economy it does appear that the economy in europe is a sweet spot. we're talking about low inflation, interest rates, yet there are some pockets of concern, whether that's in unemployment or low productivity what's your sense about how much long their can go on >> i totally agree we are in a sweet spot generally speaking. and then the situation is different from country to country. in my country we expect to bring employment to an all-time high record this year very low unemployment. we have regained growth. but in some -- basically perhaps southern european countries you see problems linked to youth employment that's why i always advocate labor market reforms the model of security. i know the new french president has been inspired from the scandinavian model security for the labor force and fl

jon sopel, bbc news, davos. philip hammond said trade relations with the eu after brexit would be very modest. jacob rees—mogg has denied calls for a fundamental change in the tone of ministers on brexit, saying they were cowed by the you. we set out a good basis for brexit. that should be what is implemented. there are some concerns about the eu's demands about the transition period. it is important to make clear at this stage we will not roll over and accept what the eu is asking for. there's been a sharp rise in the number of serious violent crimes and sex offences recorded by police in england and wales. but a separate survey based on people's experiences rather than official data recorded by police suggests that overall crime is continuing to fall. our home affairs correspondent, tom symonds, reports. behind the statistics, wasted lives. a decade after meschak cornelio first tried out the bike he'd been given as a present, he became one of the four young men stabbed to death in london on new year's eve. l

we ha we're live in davos. becky will be back in just a little bit in the meantime, i want to check the equity futures this hour we are in the green once again this morning things looking up in a big way on both the dow jones, nasdaq and s&p 500. dow 70 points higher, s&p 500 about 8 points caterpillar and 3m expected to come out this hour we'll bring you those numbers when we get them among the companies out with quarterly numbers, southwest airlines revenue beating forecast ceo gary kelly saying that tax reform will provide meaningful savings for the company in 2018. he'll joining the gang on "squawk on the street" this morning. chronicle will sell cyber security software to fortune 500 companies. they have a huge contingent here in davos this year selling some of those services to business. treasury secretary steve mnuchin making lots of news on comments on the dollar here in davos. he said the administration is not concerned about the level of the dollar in the short term at a press conference set yesterday

dollar he said a weak dollar is good for us cared because of a davos for us thank you. not just the world's most powerful politicians a leading figures from the business world who are gathering in davos and recent years more and more young people have also joined the global elite as participants young people under the under the age of thirty so called global shapers are invited to take part in discussions on a large variety of topics we've met up with some of them. a brief moment to enjoy the view and then off she goes to the next appointment twenty four year old italian clara latina isn't dabbles to take part in discussions as is and a twenty six year old tech entrepreneur from germany thirty year old greek daisy cutter. is currently debating the rejuvenation of europe. i suspect from. a shared responsibility. to allow the youth. assists its future to hear the voice of hughes and to go through their action. for a better tomorrow for all of us more a night it more together and more creative. all three are passionate europeans. we have some common values. that me also th

> good morning welcome to day two in davos, switzerland. another beautiful day. sun is out things are bright. >> warm. >> so bright, it feels like we're staring at the sun sitting here t

european leaders take this center stage on the second day of the world economic forum in davos switzerland the king of spain called for european unity and cast his vote for free trade and an open european economy. and if the forum is about the future well let the youth have a say we'll take a look at w e s participants thirty and under. it's time for business sunday w m how you know to get us welcome on the second day of the world economic forum europe was in the spotlight leaders like angela merkel in madrid mccall and the king of spain addressed the davos crew and made it clear that a challenging times for the e.u. there's still a common base. european heads of government were met by bright sunshine in davos on wednesday it seemed to underline their optimism they say europe has recovered from its economic crisis and is doing well germany france italy and spain are united in their push for globalization and against protectionism. we believe we have to cooperate and that protectionism is not the right answer. and we believe that if we share the opinion that things are not being done fairly

switzerland canadian prime minister to go use davos to announce that canada and ten other countries will reach an agreement on a trade pact this is sensitive to turn specific from pull out of that you think the timing of to those announcement was a slap at trump is i think plenty of things going on at davos are there to position davos and its leadership as sort of the hundred eighty degree alternative to donald trump i think justin trudeau has sort of had that position in north america to some extent being the sort of young suave of open it immigrant welcoming leader juxtaposed to trump's relatively more stern approach to immigration and relatively more advanced age so i do think there's some of that love to t.p. was an american program to counteract chinese global influence we pulled out of it and i think people are trying to say that there is a future for multilateralism without america and that is very much an attempt to reassure themselves and also pop their own chests out when they know that donald trump is coming there for a victory lap whether or not they particularly wanted

you can't get near davos. >> yes. we need to put in perspective, there are zero protesters -- >> you can't be here. >> -- not because people don't want to protest. >> totally right. >> you can't possibly get there. >> just you can't get here. a protester couldn't get here, ko couldn't get a room or a ticket here. you can't get here. that's one thing. if you saw what happened when the president same in, people had their phones, they were taking pictures, sort of looked like a rock concert, frankly. that is not to say it is a warm welcome. it was like a rock star welcome, in that, wow, everybody wanted to see donald trump. if he comes out this way, it'll be the same thing. the crowds around donald trump are steph, you've been here and know there are world leaders and sometimes have a small entourage around them, taking pictures. it is different with donald trump. there were hundreds and hundreds of people around the president as he came in. he's getting a big reception. don't know how warm it is, but it is a big recepti

let's send it over to mornings with her react, live from davos. >> live from davos, switzerland at the world economic forum, maria bartiromo at this special edition of "mornings with maria." maria: good thursday morning, everybody. live from davos, maria bartiromo thursday, june the 25th. top story 6:00 a.m. on the east coast could america first arrived abroad. president trump touching down in davos a few minutes ago to share his business to world leaders. >> i'm going to davos to get people to invest in the united states. coming to the united states, plenty of money. i don't think they have to go because they're coming. toyota in so many others coming into the united states and all that needs to raise money for people. lower taxes than what it really means is jobs. maria: the president says the u.s. is the best place for global investors are treasury secretary stephen mnuchin's comments that the dollar touching a three-year low. others low. i'll be saying to the secretary to talk about that coming up this morning i met a few minutes. coming clean, algae says washing machines are about

finally, move over davos men, davos woman is now running the show. the co-chairs of the world economic form were all women. >> even without testosterone we can produce positive constructive energy. >> but is there parody of the session? i'll give you facts and figures. >> first, here is my take, ever since donald trump was elected president, i've said when he did something right, i'd say so. that's gotten me into trouble with some viewers but i'm going to do it again. on friday at the world economic forum, trump gave a good spooee that was forthright embracing the world rather than condemning. if the speech represents a new approach for the president, it will be a huge step forward but of course, the problem with trump is by tomorrow morning he might veer off in an entirely different direction. the trump presidency so far is composed of three parts, trump one is the circus. the tweets, the out land accompliclaims and trump three is the assaults on minorities, the press, the judiciary and other institutions. trump three is the conventional republican

we talked about davos. i said the one thing about davos, we welcome our world leaders here with the ultimate amount of politeness, cordial approach even we had rouhani here and we were nice to him he is being treated like any other world leader as they should be. they're greeted warmly >> in terms of the president himself, whether at davos or not, do you think he deserves to be welcomed warmly how do you assess the first year in office or so? you were on cnbc in the summer or so and you were a little more skeptical, cautious about some of the moves he was making and whether that would spur economic growth >> i'm a democrat. i don't agree with a lot of the things he's doing. but i have to say that as far as coming here with his cabinet, he's coming really with a much different machine than he started with when you look at an administration, it's like an orchestra. the first time you're in practice, you have bad-sounding violins and cellos i've seen mnuchin, chao, wilbur ross, acosta, they are all singing the

modi speech was greeted with wide acclaim among davos participants european heads of government in davos say europe has recovered from its economic crisis and has been heading a pill for some time germany france italy and spain are united in their push for globalization and against protectionism. we believe we have to cooperate and that protectionism is not the right answer and we believe that if we share the opinion that things are not being done fairly and the mechanisms aren't reciprocal then we should look for mightily at resolutions and not only lever of ones when you look at the. chancellor merkel to talian counterpart pallor gentle only was even more explicit about president trump's policies i could say italy first why i don't buy that the end of the day what we need is if we have if we want to have economic growth and welfare and protection for our workers what we need here is an economic environment really function which ends a lonely that means open markets free trade and no protectionism a lot of davos participants were really interested to see how donald trump responded in hi

he touches down in davos. it may not be easily received. we have cnn's nic robertson awaiting his arrival in dav sos. so interesting, nic. they don't approve the president's policies. they he are theare the 1% of th because of the way the markets respond to president trump. >> reporter: you find two groups of people. the ceos that appreciate the moves that the president is making. the chief of the imp christine legarde. you have all of those leaders who president trump got to know and from day one here, the indian prime minister and canadian prime minister and the french president and german chancellor all saying president trump's populism and his america first and not dealing with the issues of globalization in the international forum. they all circled the wagons and say this is not the way forward. interestingly, when president trump meets today, he meets with theresa may and benjamin netanyahu. both of those people he will expect to find those conversations easier. theresa may gives a keynote speech here. s

which a lot of russians do go to davos. just before trump left, he said he'd love to talk to mueller under oath as part of the russia investigation. starting with nbc's kristen welker at the white house. kristen, ty cobb can walk this back all he wants. you were there when the president came back to john kel he's office for this impromptu press conference. >> i was there and the president was definitive. when we asked him whether he was willing to sit for an in person interview with robert mueller, he said he's looking forward to it. and when president said he would do it under oath, the audio is pretty cool. take a listen. >> would you do it under oath, mr. president? >> you mean like hillary did it under oath? who said that? >> i said that. >> i'll give you an idea. she didn't do it under oath. but i would do it under oath. listen, but i would do it. >> so you're going to do it under oath? >> say it. >> to reach a higher standard, you would do it under oath? >> oh, i would do it under oath, yes, absolutely. >> so the audi

treasury she thrives in davos and talks of free trade more in gaza and all the other news from day two of the world economic forum summit coming up in business. that's coming up shortly monica is standing by. live from berlin. to. learn german with w. . any time any place. whether with jo-jo and her friends. colleagues is going to be good enough to leave michelle spritzes instead of six zero zero zero. with all over the world. online and interactive. german to go. learn german for free. at the. u.s. treasury secretary stephen mention has arrived in davos saying what we can expect from the u.s. delegation at the world economic forum. it's really all about economic growth opportunities to and about free and fair trade a lot of we're looking forward to a very careful. now you'll be soon jointed by u.s. president to donald trump but before he leaves he orders penalty tariffs for some key imports from asia. and it looks like women have the upper hand in davos our correspondent explores the gender gap life in the swiss. and without a welcome to w. business gender equality has emerged as a to

modi speech was greeted with wide acclaim among davos participants european heads of government in davos say europe has recovered from its economic crisis and has been heading a pill for some time germany france italy and spain are united in their push for globalization and against protectionism the globe and us we believe we have to cooperate and that protectionism is not the right answer and we believe that if we share the opinion that things are not being done fairly and the mechanisms aren't reciprocal then we should look for mightily address solutions and not you need a lever of once when you look at the. chancellor merkel to tally and counterpart pallor gentle only was even more explicit about president trump's policies i could say italy first why not but at the end of the day what we need is if we have if we want to have economic growth and welfare and protection for our workers what we need here is an economic environment really function for gentle only that means open markets free trade and no protectionism a lot of davos participants were really interested to see how donald tru

this is bloomberg. ♪ ♪ is davos 2018. tom and francine in davos. lot of coverage ahead for the week. wonderful panel last year with a mixture of bankers, economists, and people trying to come out of the financial crisis. we do that again. the leadership of barclays and citigroup will be with us. david stein was with me last year. and richards will be with us. i am thrilled she has agreed to be with us. you have one. i think you have the guest of the week. francine: if you look at monetary policy, a lot of folks will be on the fed. maybe we will get a little bit of a clue on what kind of personality profile he is looking for. my panel will be the day after the ecb decision. , thisak monetary policy end of the evening, what it means for the markets. also the deputy swedish central bank governor. there is a lot to talk about. tom: there is. beside thet theme snow is the potential arrival of the president given the shutdown. francine: we haven't heard otherwise at least for now. let's go back to banks, ubs this morning announcing a share buyback. that

the world economic forum starts in davos switzerland with a speech by india's prime minister not in the three thousand participants are gathered in the swiss alps and our team is there to. india is open for business that's the message from the country's prime minister narendra modi warning against the rise in trade barriers just days ahead of the appearance of protectionist president donald trump here at the world economic forum i'm headed humphrey in davos and we'll have more coming up it's on for business sunday w. . welcome to the program the world's political and financial elitist meeting in the swiss town of davos where indian prime minister narendra modi was the first leader to address the world economic forum his message came as the u.s. imposed tough new tariffs on a range of imports but moti said now was not the time for protectionism. it's the first time in twenty years that the head of india's government is coming to davos for the world economic forum and he's brought one hundred executives and six ministers along with him. narendra modi's message was simple warning against t

nic robertson live in davos. thank you. >>> at least 37 people dead and more than 100 injured in the hospital fire in south korea. fire officials still do not know what caused the blaze. it started in the emergency room on the first floor of the hospital in the city of miryang. 160 miles from seoul. many patients were elderly and died from smoke inhalation. it is the deadliest fire in south korea in a decade. >>> after days of spreading information that could discredit the fbi, senator ron johnson taking a different approach. what he now says about texts between two fbi officials and that quote secret society. >>> new texts exchanges between fbi officials peter strzok and lisa page appeared to show the two discussing the hillary clinton e-mail investigation and whether or not a special prosecutor should be brought in. page writing in 2016, she may be our next president. the last thing you need is loaded for bear. strzok's response agreed. >> supports have been using this and other issues to discredit the fbi. inc

prime minister and davos. she is appalled by the way that women have been treated by top british business leaders. we have been working on the railroad. union pacific earnings ahead of schedule. the stock is derailed with a loss of cargo share. gmm

good morning. >> good morning from really cold davos. globalization is the theme that we heard yesterday. dublin down on globalization after president trump imposed tariffs. we heard from the likes of trudeau. modi saying that anti-globalization and isolationist policies will have to end. of course we have a great lineup. we will be sitting down with the panels -- and analysts --. we will speak exclusively to the of a standard chartered. manus: a little bit of breaking news from switzerland. he leaves and just over a week -- in just over a week. the guidance for this year will be low single-digit growth. a rebalancing act, of course. being hit by cheaper copycats trying to bring in those new, innovative, and high costing drugs. that's a rebalancing act and you saw a deal just the other day. 2018 operating income up to mid height single-digit range. what will the new ceo do? will he match and meet? anna: we will see. we will keep on the earnings story this morning. this is the picture over in the asian equity markets. taking a bit of a br

may and trump are due to meet in davos today ahead of trump's arrival u.s. treasury secretary steven minucci was already selling his boss's strategy early lots of meetings again lots of discussion this just focused on international trade what's good for the united states is good for the rest of the world in terms of growth what that actually means in practice has not always been easy for the international trading community to decipher many in davos will be searching from speech on friday for additional parity with not. so the eagle has landed but the spotlight today is on another leader who has a difficult sales pitch to make or at least was expected to britain's foreign minister tourism a was addressing the forum today to explain how she wants to surgically remove britain from the e.u. without damaging our own and the e.u.'s economy too much it would have been a hard sell to resume as finished her speech and then humphrey has listened in for us and joins us now from davos i think she should yes she is that. how was may received did she manage to convince ev

president donald trump is in davos touting his message of america first but will world leaders sit on helena home for the world economic forum and i'll have more coming up. and while helen i was freezing for you in davos the euro hit another record high mario draghi still says the european central bank doesn't plan to hike interest rates anytime soon. and for business on the w m how are you going to get us welcome to the program donald trump arrived at davos and as expected it's all about america first the president's visit comes amid announcements of new tariffs set by the u.s. government that have been heavily criticized mostly between the lines of others davus speakers in his first day at the world economic forum trump held several bilateral talks behind closed doors. security has been beefed up at davos that may have something to do with the arrival of the u.s. president donald trump he seems to have opted for a soft landing meeting key u.s. allies first among them british prime minister to resume a many so her criticism of countries not doing enough or free trade as a direct swip

we have so much more from the world economic forum in davos than right here in d.c. including my interview with patrice on women making their mark and us but before we go here are some final words from commissioner bart shelter. before we go the theme of davos to share is about creating a shared vision in what they call a fractured world and there are many political economic and social issues that we talked about today on the program and these are issues that people around the world do not agree upon there about our collective purpose around the planet and remains a pretty elusive goal to attain but that narrative that shared narrative is something that can actually make individual nations and the world a better place and that's what many people here in davos would like to see at the end of this week and that's what this economic forum is all about we'll get to more of it in the coming days but for now that's all the time we have please check out boom bust at you tube at youtube dot com slash boom bust archie catch you tomorrow . it's right to say i have. no problem

it makes davos more exciting this year. the traffic certainly much bigger and that should be interesting to see when mr. trump comes to davos >> indeed it will. we look forward to the coverage. that kicks off on "squawk box" in eight minutes tim > ill ahead, the global market picture and the trading day ahead. oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. your but as you get older,hing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. ♪when sun

we speak to the ceo in davos later today. ♪ >>> we've got a packed show for you, live from davos today we'll be joined by james young in a bit talking about tourism over in china. he's a co-founder and chairman of the largest travel platform over in china. we'll be joined by the ceo of jll, talking about property markets lobally. the ceo of mueller maersk will join us later on as well as president of the european investment bank. we'll wrap up with the ceo of russof tomorrow you'll be joined live tomorrow when you have this panel. >> we have the panel lined up. we have the uk chancellor on the panel, larry fink will be up there. we have christine lagarde and steve mnuchin who has made a splash as he arrived talking about the prospects of the trump administration going forward all of these people will be on the panel that will happen around 11:00 tomorrow. >> earlier today you had a chance to sit down with the italian prime minister, talking about the elections coming up, also questions about whether, in fact, he would form a coalition with the former leader, silvio berlusconi >> absolu

european leaders take the center stage on the second day of the world economic forum in davos switzerland the king of spain called for european unity and cast his vote for free trade and an open european economy. and if the forum is about the future well let the youth have a say we'll take a look at w e f participants thirty and under. it's time for business on d.w. and how you got to get us welcome and the second day of the world economic forum europe was under spotlight the leaders like angela merkel in madrid mccall and the king of spain addressed the davos crew and made it clear that a challenging times for the e.u. there's still a common base european heads of government were met by bright sunshine in davos on wednesday it seemed to underline their optimism they say europe has recovered from its economic crisis and is doing well germany france italy and spain are united in their push for globalization and against protectionism. we believe we have to cooperate and that protectionism is not the right answer. and we believe that if we share the opinion that things are not being done fai

it is an interesting davos, stephanie, but it missines you. >> and i miss davos. ali, i'll check in with you in a few. >>> we should note, it is not just economics. another world leader yesterday, modi of india, went on to say, the biggest threat to civilization is climate change. remember, scott pruitt, who runs our epa, said he thinks we should have a televised debate, discussing whether or not climate change exists. given what we're hearing from world leaders and the president's possible position on climate change, it could be an interesting topic when we speaks on friday. >>> we are awaiting a sentencing of disgraced u.s. olympic team doctor, dr. larry nassar, accused of sexually abusing over -- ready for this number -- 100 women and girls. many of whom bravely testified against him during the trial. we're going to bring you the very latest as it happens. >>> and a war of words over who is paying for trump's wall on the border with mexico. i assumed it was going to be mexico. democratic leader chuck schumer says he is pulling his offer to fund it. president is