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the us president was in davos to address the global elite but. his message was meant for households across the u.s. . america's thriving america is flourishing and yes america is winning again like never before with just days after reaching a breakthrough with china trump sees this teach to bang the drum for his america 1st approach and these agreements represent a new model of trade for the 21st century agreements that are fair reciprocal and prioritize the needs of workers and families but as well as baseness this year's conference was supposed to deal with the growing plummet crisis with activists like gretta to embark summoned to rebuke the powerful you say children shouldn't worry you say just leave this to us we will fix this we promise we won't let you down don't be so pessimistic and then nothing. while davos tuned in one man was enormous for lectures this is not a time for pessimism this is a time for optimism fear and doubt is not a good thought process because this is a time for tremendous hope and joy an optimism in action but to embr
the us president was in davos to address the global elite but. his message was meant for households across the u.s. . america's thriving america is flourishing and yes america is winning again like never before with just days after reaching a breakthrough with china trump sees this teach to bang the drum for his america 1st approach and these agreements represent a new model of trade for the 21st century agreements that are fair reciprocal and prioritize the needs of workers and families but as...
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or i've been physical in davos will come back to him in just a moment. now corruption is a daily part of life in many countries around the world but doesn't have to be that's according to transparency international which has released its new annual corruption perceptions index reports it hopes that by doing so it can draw more attention to the issue. people around the world are showing their rage at corrupt officials and political systems they're protesting on the streets in haiti in lebanon in israel and romania corruption is a problem worldwide say experts no nation is completely free of it the berlin based ngo transparency international ranks countries in its corruption perceptions index on a scale of 0 to 100. the less corrupt a country is seen to be the higher it score the new index published today has denmark with 87 points in 1st place followed by new zealand and finland as in the past several years at the bottom of the scale are serious south sudan and in last place somalia with just 9 points. and unfortunately those countries are in turmoil and
or i've been physical in davos will come back to him in just a moment. now corruption is a daily part of life in many countries around the world but doesn't have to be that's according to transparency international which has released its new annual corruption perceptions index reports it hopes that by doing so it can draw more attention to the issue. people around the world are showing their rage at corrupt officials and political systems they're protesting on the streets in haiti in lebanon in...
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Jan 21, 2020
01/20
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FBC
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he is going to be addressing the davos constituents. we will bring those comments live to you from the president. lauren: oven the 50th -- the president was not there last year. he returns this year. what will he say and what kind of reaction can we expect from the global elite and the financial markets? cheryl: let's bring in david nelson, chief strategist with bell point asset management, jonathan waktel, vice president of foreign for heritage, james karafano, with us as well. a big group to cover all of this, guys, good morning. >> good morning. cheryl: joh jonathan, i want o start with you, 50 years of davos, started in 1971. this is his second appearance there. the reaction -- now they know this president, these world leaders. now they've gotten used to what he's going to say. we think it will be america first, it's also going to be a big message today about the economy. >> that's right, cheryl. i mean, he's three years into his presidency. he's coming into davos actually with good wind behind him. with china, with the trade deal w
he is going to be addressing the davos constituents. we will bring those comments live to you from the president. lauren: oven the 50th -- the president was not there last year. he returns this year. what will he say and what kind of reaction can we expect from the global elite and the financial markets? cheryl: let's bring in david nelson, chief strategist with bell point asset management, jonathan waktel, vice president of foreign for heritage, james karafano, with us as well. a big group to...
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a mad was detail and i'll do my lawn in davos talking to the c.e.o. of the day group for us is capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.p. are from a dome on say capitalism does more harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a challenge some venues are location as an altitude of 1800 meters making them accessible only by cable car for social entrepreneurs among them martin bought it's worth the journey to draw attention to what they see as the world's most pressing issues business cannot. as usual business just for profit maximizing profit destroys the planet and destroys the population. some 20 social entrepreneurs have come to davos at the invitation of the shot foundation and the world economic forum they're demanding a new kind of capitalism. no time in history has it become more i
a mad was detail and i'll do my lawn in davos talking to the c.e.o. of the day group for us is capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.p. are from a dome on say capitalism does more harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a...
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at davos this year how persuasive were they for world leadership. very persuasive the companies here have signed up to a new accountability scheme meaning they're going to shift their focus away from just profits and losses to their benefits and responsibility to society and the environment that's a big thing whether or not they actually do it is another question but some companies are already operating that way shareholders seem to like it and in the long term this could be where their profits are made it's something very interesting because it's always a case of following the money as soon as you see $1000000000.00 and trillion dollar funds shifting their focus towards renewables and green projects then everyone else starts panicking because they think they're going to miss out so we are definitely seeing a huge shift in money flows here and a shift in attitudes from companies they've also signed up to the 1st new manifesto he has since 1973 promising to pay taxes treat their workers and supply as well have 0 tolerance as far as corruption goes an
at davos this year how persuasive were they for world leadership. very persuasive the companies here have signed up to a new accountability scheme meaning they're going to shift their focus away from just profits and losses to their benefits and responsibility to society and the environment that's a big thing whether or not they actually do it is another question but some companies are already operating that way shareholders seem to like it and in the long term this could be where their profits...
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social entrepreneurs have come from around the world it's to be in davos. their message there is a fairer and more sustainable way of doing business oh there's no authorities on our reporting the 1st case of corona virus in the united states after a passenger turned from an overseas trip the virus started in china and has been reported elsewhere in asia china's health officials now say the virus can spread from person to person so far 6 people have died in these 300 have been infected in china starts a lower i.q. the markets as concerns mount the worry is that the corona virus is spreading and that tourism and growth of the effect. well for more let's cross over to new york and our correspondent hansei who is there. tell us the latest reactions from wall street now that the 1st case of the corona virus has been confirmed in the united states. i saw it. investors are paying attention to every piece of information related to to see shoe on a stock losses increase the 1st case was taken from here in the u.s. let's not forget that situations like these can have
social entrepreneurs have come from around the world it's to be in davos. their message there is a fairer and more sustainable way of doing business oh there's no authorities on our reporting the 1st case of corona virus in the united states after a passenger turned from an overseas trip the virus started in china and has been reported elsewhere in asia china's health officials now say the virus can spread from person to person so far 6 people have died in these 300 have been infected in china...
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a mad was did all these and i'll do my lawn in davos talking to the c.e.o. of the day group for us it's capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.g. off on say capitalism does more harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a challenge some venues are located as an altitude of 1800 meters making them accessible only by cable car or social entrepreneurs among them martin bought it's worth the journey to draw attention to what they see as the world's most pressing issues business cannot. as usual business just for profit maximizing profit destroys the planet and destroys the population. some 20 social entrepreneurs have come to davos at the invitation of the shot foundation and the world economic forum they're demanding a new kind of capitalism. no time in history has it become more important for
a mad was did all these and i'll do my lawn in davos talking to the c.e.o. of the day group for us it's capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.g. off on say capitalism does more harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a...
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and so she launched printers have come from iran to the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. to cape town now which is currently upgrading its aging wastewater treatment plants and that is necessary because the lack of upgrades in the past has started to affect the health of citizens of cape town in 2018 the south african city narrowly avoided having to switch off fresh water supplies and now it's investing in water infrastructure with the help of germany's k f w development bank. here on the outskirts of cape town construction work is in full swing the sandfly wastewater treatment facility is currently being upgraded financed by a loan from the german development bank the k f w. the upgrade of the sun fleet facility is long overdue. the foam on top of the wastewater is a sign that the plant is struggling to keep up. cutting through the problem designed to treat 72000000 liters of water a day. flow into the prong is about 90 maybe you can see that the prong is overloaded in terms of the amount of flow
and so she launched printers have come from iran to the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. to cape town now which is currently upgrading its aging wastewater treatment plants and that is necessary because the lack of upgrades in the past has started to affect the health of citizens of cape town in 2018 the south african city narrowly avoided having to switch off fresh water supplies and now it's investing in water infrastructure...
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Jan 21, 2020
01/20
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ALJAZ
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president is in davos as the senate prepares to finalize his impeachment trial back in washington he calls that a disgraceful harks. grad this is al jazeera live from doha also coming up china's fear of super spirit is as it confirms human to human spirit of a new virus and the toll climbs again. besides the loss of the sense of peace feel like there is no. young libyans wonder whether their future lies abroad because of the continually fight for control at home. plus mexico detains dozens of margarets who crossed the border from guatemala on their disparate journey to the united states. u.s. president donald trump has delivered an upbeat headline address at the world economic forum in switzerland that is the final details of his impeachment trial is set to be hammered out on the other side of the atlantic that trump told the gathering of political and business elite that america was experiencing an economic boom like never before he dismissed what he called prophecies of doom as concerns of a climate change overshadow the summit. this is not a time for pessimism this is a time for o
president is in davos as the senate prepares to finalize his impeachment trial back in washington he calls that a disgraceful harks. grad this is al jazeera live from doha also coming up china's fear of super spirit is as it confirms human to human spirit of a new virus and the toll climbs again. besides the loss of the sense of peace feel like there is no. young libyans wonder whether their future lies abroad because of the continually fight for control at home. plus mexico detains dozens of...
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Jan 21, 2020
01/20
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so while there are people who want to make change in davos, there is a world outside davos saying how fast is it moving? you can be sure that greta thunberg will be harsh on these executives today. sonali, we are seeing equities tumble and havens rising in asia based on this coronavirus. there has been confirmation of human to human transmission. you could argue that after seven weeks of gains in equities, perhaps people were looking for an exit point. jean raby ceo of natixis investment said, one small isolated event does not have the potential to derail markets at this point. is this likely to cause concern among delegates today? sonali: it will definitely come up, especially because we have delegates from all over the world here. another question that is underpinning what you said, people were worried about this bull market, the short answer is yes. someone from guggenheim partners put out a note last night say that the market is a ponzi scheme fueled by central banks can lead he is worried about the sustainability of these asset prices in the longer term. nejra: thank you so much,
so while there are people who want to make change in davos, there is a world outside davos saying how fast is it moving? you can be sure that greta thunberg will be harsh on these executives today. sonali, we are seeing equities tumble and havens rising in asia based on this coronavirus. there has been confirmation of human to human transmission. you could argue that after seven weeks of gains in equities, perhaps people were looking for an exit point. jean raby ceo of natixis investment said,...
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Jan 22, 2020
01/20
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BLOOMBERG
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how has davos changed? >> i think there have been years where there was a sense of emergency, especially around the financial crisis. 2010, there was a sense that the world might not .ave a break financial future -- bright financial future. lately, it became more competition. you have to talk about the next 30 years. tos is a different scenario tackle and to approach. the business side of it has remained extremely important and interesting around these meetings. francine: thank you so much for joining us on bloomberg tv. with that, back to you in london. nejra: thank you so much. lots more to look forward to from davos. big names threat the day. the saudi and french finance ministers plus a stellar lineup of executives. the ceos of coca-cola, bp, morgan stanley, and lloyds banking group all live here on bloomberg tv. this is bloomberg. ♪ >> these issues have moved from being corporate responsible issues or niche issues to fundamental value drivers. i think we are seeing a fundamental reshaping of the fina
how has davos changed? >> i think there have been years where there was a sense of emergency, especially around the financial crisis. 2010, there was a sense that the world might not .ave a break financial future -- bright financial future. lately, it became more competition. you have to talk about the next 30 years. tos is a different scenario tackle and to approach. the business side of it has remained extremely important and interesting around these meetings. francine: thank you so...
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also coming up an invitation to davos cantos will charge the agendas of act. this from around the world we look in on a totally different kind of entrepreneur. and today cape town cleans up its act by upgrading its wastewater system. come to do business africa jones and berlin good to have you with us in the results business and climate change took top billing the 2 leading figures on both sides of the environmental debate that staunch trump and greater to merck use the platform of the global economic forum in davos to push their respective messages on a trump was all about business and investment in the u.s. dismissing fears of environmental collapse and heating out of the quote perennial prophets of doom a clear reference to teenage campaign attune berg who merely repeated her message with a definite hint of sarcasm that nothing has been done to avert the climate crisis. and with that it's over to our good us who is part of our very own davos team javier good to see you so the role of business in tackling climate change is high on this year's summit agenda o
also coming up an invitation to davos cantos will charge the agendas of act. this from around the world we look in on a totally different kind of entrepreneur. and today cape town cleans up its act by upgrading its wastewater system. come to do business africa jones and berlin good to have you with us in the results business and climate change took top billing the 2 leading figures on both sides of the environmental debate that staunch trump and greater to merck use the platform of the global...
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as have come from around the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. and that's a show i still watch. growing in this city. in the form of. super foods that are also good for the. primordial plants futuristic resource and they can do even more . from 2 continents present their green fish. 3060 minutes w. . closely. listen carefully. to simply going through these 2 to get. discover who. claim to. subscribe to the documentary on you tube. you know that 77 percent. are younger than 6 o'clock. and need. to know what time it all voices. in the 77 percent talk about the issues. from politics to classics from housing boom boom time this is where. welcome to the 77 percent. this weekend t.w. . this year's africa coming up in the program the power of language called pigeon the part of a solution to come rumors of separatist crisis or the people who use it taking every also coming out. their way hungry on the forgotten we bring you the story of one online campaign that went viral to help
as have come from around the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. and that's a show i still watch. growing in this city. in the form of. super foods that are also good for the. primordial plants futuristic resource and they can do even more . from 2 continents present their green fish. 3060 minutes w. . closely. listen carefully. to simply going through these 2 to get. discover who. claim to. subscribe to the documentary on you tube....
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and senior business editor ben wazoo and joins me now from davos then good to see you there. been 2 very different outlooks here on the economy and growth as it relates to climate change can we say that both and trump are speaking to very different in stakes in this crowd. there are 2 very different audiences in human respect but at the same time the world economic forum is trying to bring. these 2 sides together by saying that they're talking all about stakeholder capitalism this year a different type of capitalism not peut the pure capitalism of the pos but rather one that involves everybody and one that is the same and the world economic forum is certainly doing its bit to try to get these companies to become aware of this and to take action many companies are already saying that they're changing their strategies that they're trying to get rid of fossil fuels out of their portfolios and. bring your balls for example but this is action that we haven't yet seen put into put into place it's a lot of pledges and words and promises of course so it's yet to be seen what sort of
and senior business editor ben wazoo and joins me now from davos then good to see you there. been 2 very different outlooks here on the economy and growth as it relates to climate change can we say that both and trump are speaking to very different in stakes in this crowd. there are 2 very different audiences in human respect but at the same time the world economic forum is trying to bring. these 2 sides together by saying that they're talking all about stakeholder capitalism this year a...
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Jan 21, 2020
01/20
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BLOOMBERG
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live at davos all week for you. a lot more coming up including ubs missing its first full year -- sorry, full-year profitability target, cutting its midterm goals. ♪ matt: welcome back to the european open. ubs has cut midterm goals underlining the task faced by a bulk honest. manus cranny to his ceo sergio ermotti. moneyare not focusing on in terms of quantity, but quality. the net new money should not be overemphasized. very solid net new money outcome for the year, particularly if you look at asia. 9% growth taking client assets to 450 million. going forward, we are dropping the net new money targets because, you know, i would describe the situation we are in now in terms of negative rates in europe versus france. continue toy will be something we look at. at the end of the day we are focused on growing our business and growing our profitability. is not aoney per se good indicator of doing that. actually, you can see how passive deposits are not being deployed. it is costing millions every year. we are going to
live at davos all week for you. a lot more coming up including ubs missing its first full year -- sorry, full-year profitability target, cutting its midterm goals. ♪ matt: welcome back to the european open. ubs has cut midterm goals underlining the task faced by a bulk honest. manus cranny to his ceo sergio ermotti. moneyare not focusing on in terms of quantity, but quality. the net new money should not be overemphasized. very solid net new money outcome for the year, particularly if you look...
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a mad was due to my lawn in davos talking to the c.e.o. of the day's group for us is capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.p. off on say capitalism does no harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a challenge some venues are locations as now to gte of 1800 meters making them accessible only by cable car for social entrepreneurs among them martin portraits worth the journey to draw attention to what they see as the world's most pressing issues business cannot. as usual business just for profit maximizing profit destroys the planet and destroys the population. some 20 social entrepreneurs have come to davos at the invitation of the shot foundation and the world economic forum they're demanding a new kind of capitalism. no time in history has it become more important for u
a mad was due to my lawn in davos talking to the c.e.o. of the day's group for us is capitalism a facing growing skepticism around the world a majority of respondents in a recent worldwide poll by u.s.p. off on say capitalism does no harm than good and they pointed especially to the growing inequality of recent yes us food for thought in davos where some young entrepreneurs say business now has to change to on society's problems. getting around in davos can itself be a challenge some venues are...
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Jan 20, 2020
01/20
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BLOOMBERG
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i am francine lacqua from the world economic forum in davos. trump is heading back to davos. he will deliver opening remarks at the world economic forum tomorrow. the president will celebrate his trade deal with china while warning against socialism about the same time his impeachment trial beginning underway in the senate. sight to thend in unrest in the government push on one of the protesters key demand saying hong kong residents should understand any chief executive elected by citizens will also be accountable to beijing. a judge will hear arguments on whether to extradite the cfo of china's huawei to the u.s.. they were arrested in vancouver more than a year ago. the u.s. was seeking her on four charges. out on bail but cannot leave vancouver. authorities brace for protest. they will demonstrate against democrat plans to pass conewago creek -- gun control gestation. virginia's governor has declared a state of emergency. white supremacists are expected to join the pro-gun activists. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by over 2700 jo
i am francine lacqua from the world economic forum in davos. trump is heading back to davos. he will deliver opening remarks at the world economic forum tomorrow. the president will celebrate his trade deal with china while warning against socialism about the same time his impeachment trial beginning underway in the senate. sight to thend in unrest in the government push on one of the protesters key demand saying hong kong residents should understand any chief executive elected by citizens will...
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Jan 24, 2020
01/20
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BLOOMBERG
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are joined live from the economic foreman davos -- economic forum in davos. where were the points of agreement and points of disagreement? >> even though there was a lot ,f talk, remember, privately there were definitely a lot of ceos who were sick of talking about this to me. there is more action than there was before. scott minor wrote a letter to clients this morning saying that this is going to be a very hard challenge without much stricter guidelines coming from regulators and then economic incentive to get companies to focus on climate change. even christine lagarde was saying we will do our part as a regulator to make sure companies are held accountable for this, but others have to help. the big four accounting f irms could take a front seat. scott minor had told him, this needs to be tracked with the data more aggressively. we are starting to see investment banks starting to take action. bank of america had made a group focused on this effort. a lot of those leaders were here. meanwhile, the ceo of barclays was the first european bank to really face a
are joined live from the economic foreman davos -- economic forum in davos. where were the points of agreement and points of disagreement? >> even though there was a lot ,f talk, remember, privately there were definitely a lot of ceos who were sick of talking about this to me. there is more action than there was before. scott minor wrote a letter to clients this morning saying that this is going to be a very hard challenge without much stricter guidelines coming from regulators and then...
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one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects. blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally changes their economics in the way they do best us if we actually think about companies that are performing well financial
one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into...
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social entrepreneurs have come from around the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. or i do senior business editor ben facility is also in davos and he joins us live now ben it's good to see you a big day there with very with 2 very different voices opening the events. who are attendees more interested in hearing from predatory bird or donald trump. good question the little climate activist from sweden up against the billionaire i guess you could say and u.s. president donald trump who really does represent big business in so many ways so it's going to be i would say a clash of the titans is more like a david and goliath battle it could get quite ugly at times we will see the billionaires who are here and i'm sure will be very interested in hearing what mr trump has to say on the other hand. has got a lot of traction and a lot of interest here especially from the founder of the world economic forum klaus fobbed he's also echoed her rhetoric saying that the world is facing a climate emergency
social entrepreneurs have come from around the worlds to be in davos. their message there is a fairer and more sustainable way of doing business. or i do senior business editor ben facility is also in davos and he joins us live now ben it's good to see you a big day there with very with 2 very different voices opening the events. who are attendees more interested in hearing from predatory bird or donald trump. good question the little climate activist from sweden up against the billionaire i...
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Jan 22, 2020
01/20
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BLOOMBERG
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stay with us from davos this is bloomberg -- davos. this is bloomberg. ♪ ♪ these issues have moved swiftly from the corporate social responsibility issues to fundamental value drivers i think we are seeing -- drivers. i think we are seeing a fundamental reshaping of the financial system. francine: mark speaking about climate change, the governor -- mark carney speaking about climate change, the governor of the bank of england doing a lot. if you capture harmonization and can define what we are talking about, that is helpful for financial institutions. to talk about all of this, the way the world will go in the next five years, is a man who is our boss, john mickelthwait. i had to mention it because it is always high risk so viewers tune in more. congratulations on bloomberg green, a new vertical. i don't know if people can see it because of the reflection of the light. this is the new thing bloomberg has done. why the need for this? john: last march i was looking at the different things that happened around the world and whenever y
stay with us from davos this is bloomberg -- davos. this is bloomberg. ♪ ♪ these issues have moved swiftly from the corporate social responsibility issues to fundamental value drivers i think we are seeing -- drivers. i think we are seeing a fundamental reshaping of the financial system. francine: mark speaking about climate change, the governor -- mark carney speaking about climate change, the governor of the bank of england doing a lot. if you capture harmonization and can define what we...
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Jan 22, 2020
01/20
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CNBC
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>> announcer: global business leaders are here in davos. this hour, the ceo of uber, its growth, path to profitability and challenges ahead this is a special edition of "squawk box" in davos. >>> good morning we are live from the world economic forum in davos, switzerland. i'm becky quick. let's look at what is happening with u.s. equity futures the dow up triple digits about 107 points s&p up by about 11 and nasdaq up by about 49 points you'll see at this point, the ten-year is yielding 1.771%. the death toll from the coronavirus in china has risen to nine. confirming 440 cases of the flu-like virus exist another 20 people have been isolated the first case has been confirmed in the gambling area of macau there has been confirmed the first case in washington state who came in from china we were discussing with the ceo of sanofi what this means. yesterday, our own meg was doing reporting on this. she was able to track down that regeneron is working on a treatment for this similar to how they developed a treatment for ebola. earlier today, i
>> announcer: global business leaders are here in davos. this hour, the ceo of uber, its growth, path to profitability and challenges ahead this is a special edition of "squawk box" in davos. >>> good morning we are live from the world economic forum in davos, switzerland. i'm becky quick. let's look at what is happening with u.s. equity futures the dow up triple digits about 107 points s&p up by about 11 and nasdaq up by about 49 points you'll see at this point,...
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Jan 21, 2020
01/20
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CNBC
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live from davos. here are your headlines at this hour >> president trump lands in davos after striking another trade truce reaching an agreement with french leader macron to avoid a digital tax and tariffs. >> it is true only to say but i believe the lower the uncertainty, the better for business >> the better economy. we have strong consumer demand if uncertainty is going down >> davos braces for a show down between trump and thunberg the 17-year-old activist encourages more to combat the climate crisis >> the climate is a hot topic. if you see it from another perspective, pretty much nothing has been done since the global co 2 emissions have not been reduced. >> the hang seng has fallen. we speak to chief executive carrie lam at 16:30 cet. >> european equities fall after the open after a new virus fares weighs on asia >> swiss banking giant ubs falls to the bottom of the market after the bank misses return on equity returns for the year but their ceo tells us there may be obstacles ahead. >> expecti
live from davos. here are your headlines at this hour >> president trump lands in davos after striking another trade truce reaching an agreement with french leader macron to avoid a digital tax and tariffs. >> it is true only to say but i believe the lower the uncertainty, the better for business >> the better economy. we have strong consumer demand if uncertainty is going down >> davos braces for a show down between trump and thunberg the 17-year-old activist encourages...
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Jan 21, 2020
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back to you in davos. francine: it is officially they one of the world economic forum in davos. business and political leaders discussed the world's problems. today sees different speakers center stage. president trump gives his first bringe speech, we will you that live in 30 minutes. also making headlines, greta thunberg is making a different pitch the delegates. what is the corporate world looking for? ,ndrey kostin, ceo, vtb bank thank you for joining us. you have a new prime minister, what does that mean for your expectations of the russian economy going forward? andrey: i think it will definitely speed up, the decision-making process. i think president clinton will projectard an ambitious . we are explaining to investors, a huge amount of money, $300 billion in education and infrastructure and many other things. a youngerike to have government with the people there. i expect the new government can be announced later this 50%.noon, and more than francine: international investors do not know the new prime minister well. the think there will be a national spending program? ho
back to you in davos. francine: it is officially they one of the world economic forum in davos. business and political leaders discussed the world's problems. today sees different speakers center stage. president trump gives his first bringe speech, we will you that live in 30 minutes. also making headlines, greta thunberg is making a different pitch the delegates. what is the corporate world looking for? ,ndrey kostin, ceo, vtb bank thank you for joining us. you have a new prime minister, what...
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with the latest from davos thank you very much. and that's it for me and the business team of course find out more about these and other stories online at business deal dot com rather slash business of course on facebook and twitter i'm stephen birds in berlin as always thanks for watching. why subscribe to g.w. books you meet your favorite writer sometimes. he gets a response to w. bush. carefully. his soon. to be. discovered. documentary. hello and welcome to news from the world of arts and culture and here's what's coming up in the next quarter of an. it's turning out to be a hard makes it between the roll family and harry and meghan we'll be discussing that. and staying in britain there's also a debate about the chimes of big ben and bricks. we begin in verona italy this beautiful city is where shakespeare is romeo and juliet fell in love but it has a dark side to it was one of most illini strongholds in the 2nd world war and today neo fascists are thriving once again and door being walls with hate graffiti including swastikas
with the latest from davos thank you very much. and that's it for me and the business team of course find out more about these and other stories online at business deal dot com rather slash business of course on facebook and twitter i'm stephen birds in berlin as always thanks for watching. why subscribe to g.w. books you meet your favorite writer sometimes. he gets a response to w. bush. carefully. his soon. to be. discovered. documentary. hello and welcome to news from the world of arts and...
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malarial skitter say at davos on saving the planet don't change make take to the stage including clear to move back to the old guard stance told with donald trump during the opening keynote speech worried about business. also in the program a 6 1st and dies in china from a new car out virus almost 300. international airports and train stations are screening passengers from 100 as health officials now warn it can't be passed between people. and a skier from haiti which is not known for its nell becomes an improbable star at the youth winter olympics although he did not get any medals a mechanism for lyndall feels like a winner as he captures the hearts of the people we tell you why. helen of a warm welcome to you. cheema the annual gathering of the world economic forum has officially got underway in the swiss by and ski result of davos u.s. president donald trump has arrived for the summits just as his impeachment trial is due to get underway back home also attended the conference is swedish climate campaign a good talk to in bag she's already been speaking at a panel this morning with
malarial skitter say at davos on saving the planet don't change make take to the stage including clear to move back to the old guard stance told with donald trump during the opening keynote speech worried about business. also in the program a 6 1st and dies in china from a new car out virus almost 300. international airports and train stations are screening passengers from 100 as health officials now warn it can't be passed between people. and a skier from haiti which is not known for its nell...
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Jan 20, 2020
01/20
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imf chiefs the economist speaking to us in davos. let's take a look at global growth prospects and how this and other key issues will be covered at davos. the ceo ofheidi -- international capital firm. always a pleasure having you on bloomberg. we had a great story on the bloomberg yesterday talking about it feels like we are at a moment where it's exhibition peak to so many things. peak, capitalism peak climate change in geopolitics.h how is something like davos which is this festivity of capitalism fit into this? can solutions be found? heidi: this is the gathering where you have all the right people there, but you know, the is, the big theme this year stakeholder capitalism as an umbrella to tackle the same, familiar issues that have been talked about for quite some time is increasing inequality, the rise of populism, polarization, the threat to democracy. the big one on the agenda as they're -- leading baskets of risk has to do with climate change. so, the idea is are we at that tipping point? and, if we are, one of the challenge
imf chiefs the economist speaking to us in davos. let's take a look at global growth prospects and how this and other key issues will be covered at davos. the ceo ofheidi -- international capital firm. always a pleasure having you on bloomberg. we had a great story on the bloomberg yesterday talking about it feels like we are at a moment where it's exhibition peak to so many things. peak, capitalism peak climate change in geopolitics.h how is something like davos which is this festivity of...
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Jan 22, 2020
01/20
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speaking inne davos, and climate was clearly going to be on the agenda of this year's davos. the oil companies are coming under not just popular pressure, they are coming under sustained pressure from their investors. there is no better indication or example of that than what blackrock came without -- came out with last week. talking about sustainability. the oil companies are under pressure to do something. to be fair, they have made certain strides in these directions. there was a thing called the oil and gas climate initiative which has existed for many years now, which is a forum for these companies to take steps to address emissions. they are under pressure to do far more than that. the report today is about them discussing in davos what is called scope three emissions. these are the emissions that stem from what their customers do with the fuels they sell. they are scope one emissions, scope two emissions. the first two are probably more easy to address, those are the emissions from their own factories, their production assets. it is tricky when you start talking about
speaking inne davos, and climate was clearly going to be on the agenda of this year's davos. the oil companies are coming under not just popular pressure, they are coming under sustained pressure from their investors. there is no better indication or example of that than what blackrock came without -- came out with last week. talking about sustainability. the oil companies are under pressure to do something. to be fair, they have made certain strides in these directions. there was a thing...
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Jan 23, 2020
01/20
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davos speaking to -- roberto azevedo speaking to sally in davos. in china, authorities have suspended transport in and out of the city of wuhan in response to an outbreak of coronavirus which has so far killed i7 coronavirus which has so far killed 17 people. later today, the world health organization will decide whether to declare a national emergency. it has brought back unpleasant memories of the sars epidemic of a few years ago. more than half of the world's 500 gas companies have investments in wuhan, which is home to some 11 million people. that is more than greater london. shares in chinese drugmakers have risen sharply. airline and hotel shares, though, have taken a hit. and the outbreak has come at a dangerous time, with vast numbers of people travelling ahead of chinese new year this weekend. close to 7 million chinese tourists travelled abroad for the celebration last year. more than 50 times that travelled within the country. now, the sars epidemic in 2003, which spread to 26 countries and killed almost 800 people, could have cost the w
davos speaking to -- roberto azevedo speaking to sally in davos. in china, authorities have suspended transport in and out of the city of wuhan in response to an outbreak of coronavirus which has so far killed i7 coronavirus which has so far killed 17 people. later today, the world health organization will decide whether to declare a national emergency. it has brought back unpleasant memories of the sars epidemic of a few years ago. more than half of the world's 500 gas companies have...
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Jan 21, 2020
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president is in davos as the senate prepares to finalize his impeachment trial back in washington he calls that a disgraceful hoax china's fear of super spirit is as it confirms human to human transmission of a new virus and the toll climbs again. feel like there is a. young libyans wonder whether their future lies abroad because of the continuing fight for control the. world number one rafael nadal is through to the 2nd round of the australian open advancing his speed. record of 20 grand slam titles. he was president donald trump has delivered an upbeat headline address the world economic forum in switzerland that says the final details of his impeachment trial was set to be hammered out on the other side of the atlantic trump told the gathering of political and business elite that america was experiencing an economic boom like never before he dismissed what he called prophecies of doom as concerns over climate change over chouteau the summit. this is not a time for pessimism this is a time for optimism fear and doubt is not a good thought process because this is a time for tremendo
president is in davos as the senate prepares to finalize his impeachment trial back in washington he calls that a disgraceful hoax china's fear of super spirit is as it confirms human to human transmission of a new virus and the toll climbs again. feel like there is a. young libyans wonder whether their future lies abroad because of the continuing fight for control the. world number one rafael nadal is through to the 2nd round of the australian open advancing his speed. record of 20 grand slam...
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the world economic forum is underway in davos and clashing visions of the world's economy and claim it's are taking center stage u.s. president open the a lead to gathering by the. hailing the strength of his country's economy alas sing out at climate activists labeling them prophets of doom well that drew a rebuke from swedish climate campaigner gratitude burke once more she warns that leaders like trump have failed to protect her generation from climate. leaving behind the heat of impeachment trials few could blame donald trump for seeking out some medicinal alpine. the us president was in divorce to address the global elite but in this selection his message was meant for households across the u.s. america is thriving america is flourishing and yes america is winning again like never before just days after reaching a breakthrough with china trump seized the stage to bang the drum for his america fast approach and these agreements represent a new model of trade for the 21st century agreements that are fair reciprocal and prioritize the needs of workers and families as well as business t
the world economic forum is underway in davos and clashing visions of the world's economy and claim it's are taking center stage u.s. president open the a lead to gathering by the. hailing the strength of his country's economy alas sing out at climate activists labeling them prophets of doom well that drew a rebuke from swedish climate campaigner gratitude burke once more she warns that leaders like trump have failed to protect her generation from climate. leaving behind the heat of impeachment...
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one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investment and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects and 14 blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally change is there economics in the way they do best us if we actually think about companies that are performing well fi
one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investment and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into consideration...
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or i've been physical in davos thank you very much. stocks in asia have been rebounding after china's response to a virus outbreak tempered some fears of a global pandemic markets had been worried about the potential spread of the corona virus which emerged in the central chinese city of. concern was particularly high given the large amount of people traveling ahead of the lunar new year 9 people have died and there have been more than 440 cases of the coronavirus so far. and i'm joined now by correspondent so don han in taipei so it's good to see you so how do companies and businesses in mainland china and in taiwan prepare themselves for something like an epidemic of this coronavirus both in china and taiwan companies a high leverage and right now many of them employees not to travel to and to other provinces in china including other countries where there are confirmed cases so they're really trying to do something to prevent this case brad and so we can see that they also apply some robust program on this infection and cleaning and
or i've been physical in davos thank you very much. stocks in asia have been rebounding after china's response to a virus outbreak tempered some fears of a global pandemic markets had been worried about the potential spread of the corona virus which emerged in the central chinese city of. concern was particularly high given the large amount of people traveling ahead of the lunar new year 9 people have died and there have been more than 440 cases of the coronavirus so far. and i'm joined now by...
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Jan 21, 2020
01/20
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combating climate change is set to take centre stage at davos, but will leaders take the topic seriously or let the issue melt away? and all eyes on vancouver, as huawei's meng wanzhou arrives in court for her extradition hearing. and on the markets, asian shares took a sudden lurch lower amid mounting concerns about a new strain of pneumonia in china, and hong kong's credit rating was cut by the agency moody's. as we speak, key figures from industry, world leaders and even a few celebs are all descending on the alpine ski resort of davos. at this year's world economic forum, climate change is the hot topic of the week. attending this year will be president trump, teenage climate activist greta thunberg and top executives from firms including google, netflix, coca—cola but is there the will to tackle the issue? there's clearly a business impact, a report by the imf and cambridge university found that if temperature continue to rise by 0.04 degrees every year, for the next 80 years people's wealth on average will 7% lower compared to if action is taken. however it's not all bad news, th
combating climate change is set to take centre stage at davos, but will leaders take the topic seriously or let the issue melt away? and all eyes on vancouver, as huawei's meng wanzhou arrives in court for her extradition hearing. and on the markets, asian shares took a sudden lurch lower amid mounting concerns about a new strain of pneumonia in china, and hong kong's credit rating was cut by the agency moody's. as we speak, key figures from industry, world leaders and even a few celebs are all...
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reduced leaders must now make good on their davos promises because an impatient younger. ration is watching. so change seems to be in the icy alpine air in davos where the powerful and influential have been meeting for decades people like nobel prize winning economist joseph stiglitz our very own ben fizzle and asked him how different this year's world economic forum has been for him. it was different in 2 ways i think the sense of commitment to climate change the sense of urgency was much greater than i've seen before. and this is true not only of civil society government leaders but also in the business community some real real commitment the other striking thing was the dissonance between. the theme of the conference stakeholder capitalism workers environment customers a broad perspective and having donald trump here. you know they talk of he said he was helping the middle class as he passed a tax bill that raised the tax on a vast majority of the middle class well it lower the taxes on the billionaires here and on the big corporations here that said we'll stakeholder
reduced leaders must now make good on their davos promises because an impatient younger. ration is watching. so change seems to be in the icy alpine air in davos where the powerful and influential have been meeting for decades people like nobel prize winning economist joseph stiglitz our very own ben fizzle and asked him how different this year's world economic forum has been for him. it was different in 2 ways i think the sense of commitment to climate change the sense of urgency was much...
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Jan 21, 2020
01/20
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i think the whole idea of coming to davos and i think it is was very clever to come to davos to say to the democrats are stuck with some little dirty business as it were and on the president and i'm not i'm not only of the president i'm presidential in a not only presidential will be here 2 years after that i wasn't years ago and 2 years ago in davos i told the world why a b. and c. and now i'm going to tell them why i succeeded in a b. and c. why the economy is still working why we are prosperous why we are still open for business and the idea of lecturing boasting to route through the wall business and political leaders not only is it an important contrast with what's going on in washington in us funds trump is concerned it's also an important antidote to what is going on what. just put to jones but is a lot to get your thoughts on this is will how does the rest of the world particularly this reach this region see this impeachment trial what how do we see donald trump responding to this because the president has greater powers great to reach internationally in foreign affairs he does
i think the whole idea of coming to davos and i think it is was very clever to come to davos to say to the democrats are stuck with some little dirty business as it were and on the president and i'm not i'm not only of the president i'm presidential in a not only presidential will be here 2 years after that i wasn't years ago and 2 years ago in davos i told the world why a b. and c. and now i'm going to tell them why i succeeded in a b. and c. why the economy is still working why we are...
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Jan 24, 2020
01/20
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much more from davos. we speak to the chief executive of the world's biggest maker of wind turbines. this is bloomberg surveillance. let's get to the bloomberg flash p.m.i.'s. the manufacturing p.m.i. coming in at 49.8 a a beat on the survey 48.8. the confident p.m.i., 52.4. the estimate was for 50.7 and is an increase from prior reading and back in confident territory and services a beat 52.9 versus a estimate of 51.1. the prior reading was 50. going into this we were seeing rate cut bets at just even odds with cuts from b.o.e. the end of january. looking at the action from the pound we were stronger going into the data and stay .2 stronger at 13148. volatility was rising going into the data but for the moment perhaps the pound reflecting the market might be overpricing the prospect of a rate cut from the b.o.e. this month. something to discuss. over 1 1/2 hours in the trading day let's check in on the european stock movers with emery. emery: what's up with car four, one of the biggest gainers across the
much more from davos. we speak to the chief executive of the world's biggest maker of wind turbines. this is bloomberg surveillance. let's get to the bloomberg flash p.m.i.'s. the manufacturing p.m.i. coming in at 49.8 a a beat on the survey 48.8. the confident p.m.i., 52.4. the estimate was for 50.7 and is an increase from prior reading and back in confident territory and services a beat 52.9 versus a estimate of 51.1. the prior reading was 50. going into this we were seeing rate cut bets at...
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Jan 21, 2020
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sally bundock in davos and earlier i wasjoined by sally bundock in davos and earlier i was joined by alex caprio from the national university of singapore and i asked him if we can expect some action. i think if davos is going to become more thanjust i think if davos is going to become more than just a very expensive talking shop, we are going to have to see real progress with public/ private partnerships but these will have to occur increasingly at a local level, grassroots, bottom—up. so you have the big corporations and you absolutely have to have government involvement and regulations really pushing policy in that area. but at the grassroots levels, do they have the funding? do they have the political will to institute these changes for climate change? look, if all of these very, very grandiose plans to attack climate change are going to go beyond just talking, then we're going to have to see real action. every year we have this discussion, don't we? every year it is either inclusive capitalism, this year it is climate change, and then we look to see the results and it's just n
sally bundock in davos and earlier i wasjoined by sally bundock in davos and earlier i was joined by alex caprio from the national university of singapore and i asked him if we can expect some action. i think if davos is going to become more thanjust i think if davos is going to become more than just a very expensive talking shop, we are going to have to see real progress with public/ private partnerships but these will have to occur increasingly at a local level, grassroots, bottom—up. so...
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Jan 22, 2020
01/20
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"mornings with maria," she is in davos, of course. back here, tesla making history once again, setting up a massive payday for elon musk. lauren: tracee carrasco has the details for us. good morning, tracee. tracee: good morning. tesla becoming the first publicly listed u.s. car maker to be l valued at over $100 billion. reaching the mark in after hours trading. if the company is able to keep the valuation above $100 billion, ceo elon musk will be eligible for a payout potentially worth hundreds of millions of dollars. tesla shares have more than doubled following a surprising third quarter profit and news the company's chinese factory was ahead of schedule. sticking with electric vehicles, general motors unveiling a new autonomous electric vehicle meant for the ride share industry. the cruise origin was unveiled last night in san francisco. while details are still scarce on the technology, the cruise origin has a spacious cabin and relatively low cost, estimated to be about half of tesla's model x. no time l table for production was
"mornings with maria," she is in davos, of course. back here, tesla making history once again, setting up a massive payday for elon musk. lauren: tracee carrasco has the details for us. good morning, tracee. tracee: good morning. tesla becoming the first publicly listed u.s. car maker to be l valued at over $100 billion. reaching the mark in after hours trading. if the company is able to keep the valuation above $100 billion, ceo elon musk will be eligible for a payout potentially...
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Jan 22, 2020
01/20
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sonali is in davos. lots more to come. the prime minister of jordan, the french finance minister and the u.s. transportation secretary. coo'sl be speaking to the of nestle, nokia, and coca-cola. this is bloomberg. ♪ francine: current: coronavirus concerns, the world health organization will decide today to declare it a world emergency. , the companyon says it is ready, investors see a solid quarter of results. president trump has breakfast with apples tim cook, we bring you all the action
sonali is in davos. lots more to come. the prime minister of jordan, the french finance minister and the u.s. transportation secretary. coo'sl be speaking to the of nestle, nokia, and coca-cola. this is bloomberg. ♪ francine: current: coronavirus concerns, the world health organization will decide today to declare it a world emergency. , the companyon says it is ready, investors see a solid quarter of results. president trump has breakfast with apples tim cook, we bring you all the action
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Jan 23, 2020
01/20
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below zero, like in davos. that is not good for interest rates, for banks to cope with because the people who deposit money, especially smaller accounts, they do not understand whenyou give them money you ask money from them. so in other areas i don't know if we will go to a more zero or a positive environment like the u.s. francine: are policymakers understanding that? the americans want negative rates, europeans want higher rates. kees: let's talk to some european banks now. that is not a good place to be. do central banks understand that there is a limit? wherewe talk with them, the problems are. they understand our problems. but they have to take their own responsibility for what they do. of the maine purposes of abn amro -- how is that going? is it talk, or will the banking sector take it seriously? kees: three years o ago we put - putthree years ago we sustainability at the head of the talks. our clients are changing their business models anymore sustainable way, and our stock likes to work for the organi
below zero, like in davos. that is not good for interest rates, for banks to cope with because the people who deposit money, especially smaller accounts, they do not understand whenyou give them money you ask money from them. so in other areas i don't know if we will go to a more zero or a positive environment like the u.s. francine: are policymakers understanding that? the americans want negative rates, europeans want higher rates. kees: let's talk to some european banks now. that is not a...
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Jan 21, 2020
01/20
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one of donald trump's fiercest critic is also here in davos. greta thunberg, teenage swedish activist, wants to hold everyone to account on behalf of her generation, accusing governments worldwide of empty promises. the fact that the usa is leaving the paris accord seemed to outrage and worry everyone and it should. but the fact that we are all about to fail the commitments you signed up for in the paris agreement doesn't seem to bother the people in power even the least. president trump will be using the rest of his time in davos to focus on one—to—one meetings with other world leaders. he will be discussing everything from trade disputes to the huge tensions in the middle east, but the long shadow of events in washington still seems to reach even to switzerland. james robbins, bbc news. as we heard, president trump was speaking in davos hours before his impeachment trial began in the us senate. it's only the third time in american history that a president has faced an impeachment trial. the process involves several stages. it could, in th
one of donald trump's fiercest critic is also here in davos. greta thunberg, teenage swedish activist, wants to hold everyone to account on behalf of her generation, accusing governments worldwide of empty promises. the fact that the usa is leaving the paris accord seemed to outrage and worry everyone and it should. but the fact that we are all about to fail the commitments you signed up for in the paris agreement doesn't seem to bother the people in power even the least. president trump will...
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and joining me now from davos is d.w. senior business editor ben physical and ben as we heard in that piece businesses are under increasing pressure to focus on the public good are they especially being asked to do what governments won't and is that fair. basically in many cases that's how it is the thing is that technology is moving so fast and that this climate emergency is upon us. we can't wait for bureaucrats businesses are moving because customers are demanding it shareholders are too this is about the long term profit and many economists say it's not about balancing trying to get growth rights and preventing climate change it's the fact that being green and being environmentally friendly is going to pay off in the long run. not been china's green push is on the agenda at davos today how is the world's biggest polluter and 2nd largest economy balancing sustainability with growth. well the british economist lord nicholas stern pointed out that someone is going to win this green race and the most likely candidate of t
and joining me now from davos is d.w. senior business editor ben physical and ben as we heard in that piece businesses are under increasing pressure to focus on the public good are they especially being asked to do what governments won't and is that fair. basically in many cases that's how it is the thing is that technology is moving so fast and that this climate emergency is upon us. we can't wait for bureaucrats businesses are moving because customers are demanding it shareholders are too...
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Jan 20, 2020
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bloomberg sonali basak is on the slopes of davos and she is with us with the davos diary. i know inequality is a big theme. sonali: climate change is a huge theme but inequality is something we are seeing executives unclear how they should grapple with the issues. oxfam came out with a report saying the richest 1% is wealthier than 60% of the worlds population. meanwhile, the ceo, what is their role? i talked to matthew prince, the ceo of one of the up-and-coming ipo companies and he said there is a real risk to ceo as a pungent. we will see -- as a pundent. we will see these people grapple with what role they are supposed to play. anna: inequality and climate change both to the four. -- both to the fore. certainly the climate change issue seems to be moving on quickly. thank you ray much to bloombergs sonali basak. coming up, a lot more from davos. economist -- the imf chief economist will be live from davos. more on that shortly. this is bloomberg. ♪ guy: 2:00 in london, 9:00 in new york. i am guy johnson. welcome to bloomberg markets. u.s.ean markets are open, markets
bloomberg sonali basak is on the slopes of davos and she is with us with the davos diary. i know inequality is a big theme. sonali: climate change is a huge theme but inequality is something we are seeing executives unclear how they should grapple with the issues. oxfam came out with a report saying the richest 1% is wealthier than 60% of the worlds population. meanwhile, the ceo, what is their role? i talked to matthew prince, the ceo of one of the up-and-coming ipo companies and he said there...
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Jan 24, 2020
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let's get back to davos. christine lagarde says investors should not assume current monetary policy is on autopilot. she spoke to francine lacqua a day after announcing a review of policy goals. thinkine: those who autopilot, that is ridiculous. there is a forward guidance which is strong that is setting a very clear timetable. at the facts. let's look how the economy evolved. we need to be fact driven and clear in our communication. do not assume it will be on autopilot. francine: you talked extensively about negative rates. is there a point where the side effects of negative rates means you need to scale it back? atistine: we will be looking the side effects as part of the strategy review, no question. we need to be attentive to that, financial stability is the first driver of concerning consideration, we will have to look at it. we need to have a banking sector that has a good channel of transmission. francine: that means you can extend tiering? christine: we are not considering that at the moment. francin
let's get back to davos. christine lagarde says investors should not assume current monetary policy is on autopilot. she spoke to francine lacqua a day after announcing a review of policy goals. thinkine: those who autopilot, that is ridiculous. there is a forward guidance which is strong that is setting a very clear timetable. at the facts. let's look how the economy evolved. we need to be fact driven and clear in our communication. do not assume it will be on autopilot. francine: you talked...
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isn't davos for the world economic forum to discuss the i.m.f. reports that compared to the reporting of tobar estimated global growth for this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip in projected growth includes a slowdown in. it is the world's most expensive real estate market but prices in hong kong are now under pressure after months of protests there. experts warn against too much optimism. hong kong's real estate market is the most expensive in the world after months of democracy protests real estate prices in hong kong are falling this tiny shop of less than 2 square meters in a crowded corner of one shy is a powerful symbol of change former investment banker turned property fund manager edwin li explains. this is this shop that very much to pay so based on my best lot of shared memory the shop lost the most money in the store was once a currency exchange kiosk but the tourism downturn means it's now a real estate office bought for just over a 1000000 euros it sold for less than half now b
isn't davos for the world economic forum to discuss the i.m.f. reports that compared to the reporting of tobar estimated global growth for this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip in projected growth includes a slowdown in. it is the world's most expensive real estate market but prices in hong kong are now under pressure after months of protests there. experts warn against too much optimism. hong kong's real estate market is the most...
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Jan 25, 2020
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♪ >> coming up on bloomberg best, conversations from the 2020 world economic forum in davos. the biggest names in banking and facing discuss issues their industry and the global economy. >> rates to stay low. >> the end of the boom bust cycle. >> we have to recognize this is the new normal. onworld leaders weigh in challenges and opportunities, in politics and policy. >> we do not manipulate currency. >> we are united in the e.u. on trade. >> we are committed to policies that are environmentally effective and economically responsible. >> i think that is ridiculous. ♪ >> plus, climate change front and center at davos. bloomberg drives the conversation on the most important transformation of our time. >> climate change is becoming an investment risk. >> you have the core of the financial system, all the investors wanting information about the transition. >> they just need to get on with it. >> investors will look at us and say, what did you do for me? >> it is all straight ahead on this special edition of "bloomberg best." ♪ vivian: i'm vivian hurtado. welcome to a special
♪ >> coming up on bloomberg best, conversations from the 2020 world economic forum in davos. the biggest names in banking and facing discuss issues their industry and the global economy. >> rates to stay low. >> the end of the boom bust cycle. >> we have to recognize this is the new normal. onworld leaders weigh in challenges and opportunities, in politics and policy. >> we do not manipulate currency. >> we are united in the e.u. on trade. >> we are...
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one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects. blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally change is there economics in the way they do best us if we actually think about companies that are performing well financially
one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take long term environmental and climate risks into consideration in...
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Jan 21, 2020
01/20
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davos mondavi us woman is trying to get their arms around this week a whole list of facts there i'm not going to ask you to do the fact checking here but some of them are going to be contentious well i think that the focus here at davos is that dick our economies are becoming less inclusive and the i.m.f. and others have come out with data that shows that that's the case including in the united states so i think. juxtapose posing what he believes as the successor is having in sort of helping american workers and people on low income with that data around inclusion is is something to look at and then secondly of course the other big threat that everybody is talking about and already this morning all my meetings with business have been about how do we decarbonise us economy so it works for everyone not any mention of the arts and in that whole we believe we certainly saw her go in gratitude berg was in the hole we didn't divorce the cameras there that are provided by the world economic forum focus only on the speaker so we didn't see her reaction but i suspect he did talk about the en
davos mondavi us woman is trying to get their arms around this week a whole list of facts there i'm not going to ask you to do the fact checking here but some of them are going to be contentious well i think that the focus here at davos is that dick our economies are becoming less inclusive and the i.m.f. and others have come out with data that shows that that's the case including in the united states so i think. juxtapose posing what he believes as the successor is having in sort of helping...
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is winning like never before climate activists better to work also addressing delegates who are in davos for you also on the show trying to put on trial back home the u.s. president may be overweight in the resort town of davos but on capitol hill lawmakers are debating moving him from office a contentious of purpose of spectacle is on the cards as trump's impeachment trial begins in earnest plus sounding the alarm chinese state media report a 6th person has died from a new coronavirus international airports and train stations are screening passengers from china concern grows as health officials now warned the virus can be cast from human to human also coming up faces of life after the holocaust 75 years after the liberation of the us which death camp a new photo exhibit here in germany is bringing people up close and personal with holocaust survivors and their stories. hoch a very warm welcome to all. view well we start in switzerland where the world economic forum has officially kicked off in the ski resort town of davos u.s. president donald trump has a given the opening speech at the
is winning like never before climate activists better to work also addressing delegates who are in davos for you also on the show trying to put on trial back home the u.s. president may be overweight in the resort town of davos but on capitol hill lawmakers are debating moving him from office a contentious of purpose of spectacle is on the cards as trump's impeachment trial begins in earnest plus sounding the alarm chinese state media report a 6th person has died from a new coronavirus...