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

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 this was alps and our team is there to. india is open for business that's the message from the country's prime minister nuri injure 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.r. yet again 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 more he said now was not the time for protectionism. it's the first time in twenty years that a head of india's government has come to devils for the world economic forum and he's brought one hundred executives and six ministers along with him. narendra modi's message was simple warn

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

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 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

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

jane: but we didn't hear any of that at davos. do you think the economic message is strong enough to assuage many people's doubts about the other issues? nicholas: it is a compelling message, and particularly for people at davos. let's face it, there are a lot of very wealthy people there and leaders of corporations, and reducing the corporate tax rate from 35% to 21% is a dramatic change. president trump has his supporters, and they are in the american business community. and the elite global business community. but that does not translate into the foreign ministries in europe or prime ministers in other parts of the world, because they do worry about old in which the -- about a world in which the united states has been leading in many respects for 70-odd years since the second world war, and is taken a big step back. when you think about the president's speech in davos in his previous speech at the united nations in september, it is lacking, i think objectively, the generosity of spirit, the big vision that the united states wil

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

call at the king of spain addressed the world economic forum in davos switzerland king philip is the the six goals for european unity and cost says votes for free trade and an open european economy. improving prospects for women is high on the agenda it's all a team that spoke to a number of influential women about how to get more of them into influential jobs. this is the w. business live from. berlin the office german chancellor angela merkel addressed the world economic forum in davos today contributing to a strong european him focus in the swiss alps france as a model mccraw is speaking just now and earlier today spain's king philip of delivered a message that increasingly puts europe at all of the united states that the e.u. is open for business and wants to preserve free trade a sunny day in davos as europe takes center stage king philippe the sixth of spain began proceedings campaigning for european unity not so long after his country was a symbol of the deep economic divide spreading through the e.u. three. in short we can state that spain now has a very competitive economy a

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

in davos for us. special report from russia now with that's right thank you very much and recent months the so-called islamic state terrorist group has lost control of most of the day played once held in syria and in iraq as defeat looms foreign fighters returning to their home countries pose a growing threat hundreds of i is fighters came from the russian republic of chechnya now here's the first of episode in a series from our moscow bureau chief. be lisi the capital of georgia one of russia's neighbors to the self late last year an operative of the so-called islamic state was killed here russian media celebrated a victory in the war on terror. the man who was tired of attention carrying a russian passport who had been hiding in georgia previously had allegedly been home and chechnya to recruit fighters. there are roughly eight hundred tensions fighting for isis their return to their homeland is a major problem for russia and russian president vladimir putin has already declared victory over the isl

we start in davos assist result for the world economic forum has officially got underway after opening remarks by the forum's fonda klaus schwab it was the turn of indian prime minister noting that a bold the he's delivering a keynote speech to the forum aimed at touting india's economic successes and declaring his country is open for business more these been conducting of the. program of financial and structural reforms in india his appearance is not the events highlights this is. that we now go straight to ben physician from business desk at a davos high of ben not more this mean of a strong attraction at this event his initial remarks focused on the overarching theme of this summit and which is creating a shared future in a fractured wood what was his key message that well he said it's actually nothing new to situation that we're in at the moment where strong men try to control the world it's an ongoing topic but it is definitely the one of the forefront for with officials the world economic forum officials at least he said there is certainly three big global challenges right now th

and coming up ahead we return to davos where the rains are more than the indian prime minister is still making his opening keynote remarks we also look at social entrepreneurs from iran the what and how they are mixing with the kill bill was economic forum what i'm looking for. all that coming up shortly. and i think one day this war will be considered cruel and unjust war where. certainly all citizens of ukraine every man woman and child the only friend their homeland is the enemy invades. no one wants russia here which is the. rebel against global news that matters. made for mines. take. us. with a little wonderful to make it. through. the world economic forum gets underway and double was switzerland with a keynote speech by india's prime minister narendra modi three thousand participants are gathered in a snowbound to dump horse until the end of the week. but come to do business he is the first indian prime minister in more than twenty years to speak at the world economic forum in davos never would he delivered a keynote speech in the swiss out pile resorts named op ed to drumming ai

donald trump in davos. the u.s. president expected to pitch america first on the final final day of the world economic forum in switzerland. french villages and towns hit by flooding here in paris museums are closed and subways stopped after the seine river swelled. and france bids goodbye to the legendary chef. the culinary giant laid to rest after he passed away last eekend at the age of 91. >> for the first time in nearly 20 years the u.s. president will speak at the world economic forum. donald trump set to address the leaders, c.e.o.'s and bankers all gathered at davos. now a big question is will he pitch his protectionist america first agenda in the sebastian of liberalism? we'll find out just about an hour's time. and for more on this, let's bring in kate moody who is standing by for us in davos. now, kate what, message then are we expecting to hear from donald trump today? >> the message is going to revolve around this america-first policy. what we don't know is how nuance he will give it. will it be a full-

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

president donald trump told the crowd in davos this pulling in the marks of the world economic forum you took credit for the booming u.s. economy an attack on the fair of global trade practices also coming up. defining the warnings from washington struck you to expand its controversial offensive against colleagues in northern syria president there are long says we're all going will extend east ward to argue us forces when clinton station. also ahead trying to gin corruption in africa the fight against corruption of the top of the agenda at the african union's main engle summit you see over the last our correspondent one of the plans under starvation can actually succeed. is open for business but the u.s. won't tolerate trade practices he sees as unfair trump was delivering the closing remarks to this week's world economic forum in davos one of his key messages to the business and political elite growth in the u.s. spells growth for economies around the world. deliver his speech the first u.s. president to do so since bill clinton two decades ago. and eventually it was plenty of pomp

we'll hear what he just said in davos. as we head to break, a check on european equities, mixed at this moment as we await the ecb policy meeting the dax down 26% orwi eha wl be right back 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. >>> welcome back we heard from treasury secretary mnuchin earlier in the show in terms of his comments on the dollar geoff cutmore has been speaking to uk chancellor philip hammond as well about how the economy in the uk has reacted since brexit. >> the answer to the question is that the uk economy has performed a lot better than most people expected it would after the shock of the referendum decision in 2016 there has been a spike in inflation, which has been driven by a depreciation of the currency against the dollar we recovered a great deal of that ground. this morning we seem to be recovering more, steve, thank you very much. this sp

so it wasn't the real davos late anyway. and a real davos today has to come from davos if you. think that's the most common. user carpentry business and davos it's a family firm and it's third generation two and a half years ago he was commissioned by the tourism association to build a sled for an ad campaign that's when he decided it was time to bring this traditional craft back home. with the help of an online crowd funding campaign he decided to offer an alternative to the inferior quality mass produced. to make it worth buying all the materials he wanted to sell twenty sleds in advance on line . i set myself a goal of selling twenty slates in one hundred days made and i thought if i manage that i can be more than satisfied. hundred days. sixty five. overwhelmed by the whole thing. all the materials come from switzerland including the solid ashwood there are one thousand individual steps involved in making the sleds and seven hours of labor. characteristic. feature is this reinforcement. to stabilize and reinforce the. museum gives insight into the longstanding tradition of

president donald trump is in davos to promote his agenda. ahead of schedule in zurich and immediately boarded a helicopter for the flight to davos on the well economic forum. but it's not just to the big and the powerful young people are also getting up and close with the. welcome to the business and it's day three of the world economic forum in davos switzerland all eyes are on u.s. presidents donald trump landed in switzerland today trump traveled straight on to davos where he's likely to peddle his america first policy even before his arrival he's been the talk of the town w.'s been pursuing core top with the c.e.o. of u.s. software company a technology in doubles earlier this morning to get his assessments on the administration in particular its tax policy. the new tax reforms have been very good for almost all business is very good for ca we are thirty five percent tax payer twenty one percent you can see that that's a big difference we will take that savings we get a tax reinvested into the company into r. and d. and expansion so we're

all right let's head back now to davos with our children for reaction to the president's speech let's get bart's thoughts on this as well as those who are in attendance. monella present trump speech was warmly received by a polite audience most of the time was spent on what the president himself describes as being a cheerleader for the united states he told the crowd that the u.s. was open for business and competitive again he said the economy was strong and smashing one stock market record after another consumer and business confidence was high and unemployment was low since by election we've created two point four million jobs and that number is going up very very substantially small business optimism is at an all time high new unemployment claims are near the lowest we've seen in almost half a century on the international front the president said that america first does not mean america alone he said we cannot have peace without security and that other nations need to contribute their fair share to that security on trade he said he wants free open and reciprocal trade and made a de

davos, barclays says is this 2006? davos men has an urge to merge. barry at the handlebar meets bar needs scale. we consider women's rights and the tall, but then, the pretty. i am tom keene. we are here in davos with record snow. francine lacqua is doing what we do at bloomberg, which is a driving the conversation forward. she had a wonderful panel yesterday. she had an exceptionally important panel to close-out davos on friday. as i mentioned in my opening, there is always something that descends in. the financial times today was an investigative report on the city. here is a look at the sensitivities of women's rights, maybe men's rights as well, and we will see from their. we begin with an important conversation from this doubles. here is our editor in chief. much., thank you very welcome to bloomberg. run at the moment, the economy is growing. movement,at populist and the center-right. anotherems headed for hunk parliament. can italy deal with another hunk parliament -- hung parliament? >> we have a lot of expertise, so i think this would help.

all right let's head back now to davos with our children for reaction to the president's speech let's get parts thoughts on this as well as those who are in attendance. monella present trump speech was warmly received by a polite audience most of the time was spent on what the president himself describes as being a cheerleader for the united states he told the crowd that the u.s. was open for business and competitive again he said the economy was strong and smashing one stock market record after another consumer and business confidence was high and unemployment was low since by election we've created two point four million jobs and that number is going up very very substantially small business optimism is at an all time high new unemployment claims are near the lowest we've seen in almost half a century on the international front the president said that america first does not mean america alone he said we cannot have peace without security and that other nations need to contribute their fair share to that security on trade he said he wants free open and reciprocal trade and made a dec

speaking with 15 ceos at dinner davos. you'll be surprised at what these ceos of major global companies had to say. let's roll tape. >> we build it and it will come. >> it was founded by american. >> we are excited about what's going on in the u.s. market. >> we have 15,000 people in the u.s. i'm very happy and pleased with your infrastructure focus. >> 100% made in the united states. >> we're just now rounding the biggest investment program in our company's history in the united states, r&d. >> how much will you be investing? >> for the time being, north of 2 billion u.s. dollars. >> are you going to be investing in the u.s.? >> yes, we are. >> we're going to invest about 16 billion. liz: you heard that. even bank of america ceo brian moynihan said he is really surprised at the level of enthusiasm among international ceos when it comes to tax reform in the u.s., and the potential for their investment in the united states. let's bring in the former ambassador to the u.n., he's john bolton. ambassador, you know, you hear th

thanks for the update jacqueline berger reporting from davos in switzerland. a number of international athletes as well as heads of the olympic committees have condemned to the potential banning of clean athletes the head of bulgaria olympic committee says everyone who took substances must be punished but said that the measures taken against russian athletes have been politically biased. if someone asked you where are you from would you be offended that very question has to debate about racism after a social media campaign was launched in sweden he explains. where you from sounds like an innocent enough question doesn't it but it could land you in trouble here's what i actually have to explain that i first need to tell you about an online campaign launched in sweden to help expose racism hash tag no stranger we hope to raise awareness regarding the extensive issue of racism that actually does exist in sweden although many want to believe that we live in the world's most tolerant country the idea wrist shakespearean says of being subjected to racism turns out a

at the world economic forum in davos the u.s. president telling investors america is the place to do business and that american growth is good for economies everywhere correspondent allan humphrey is in davos. i think covering that speech and i'll be bringing you over the updates here from the well the economic forum. also ahead can german leaders deliver a grand coalition chasseur on the back of conservatives in the social democrats beginning formal talks to forge a new government a full four months after the september elections left germany in political limbo. plus meet a refugee who's cooking for the stars before she fled her native syria just meeting was a celebrity chef now she's bringing syrian cuisine to the v.i.p.'s at this year's berlin film festival we have. i'm brian thomas a very warm welcome to to the show well within the last hour u.s. president donald trump has been delivering his much anticipated closing remarks to the world economic forum in davos switzerland now he said that america is open for business and that

sally of course is in davos. soaking it allup! soaking it all up! regardless of the talk about protectionism, the us is still the place that 70 companies wa nt to still the place that 70 companies want to get their money into. indeed. they want a piece of the action. the us economy is doing very well, as you just said. anand shall markets have had such a long stellar run markets have had such a long stellar i’ui’i “ markets have had such a long stellar run —— financial markets. companies are coming out with the earnings and earnings projections that match the rise in some of the share prices on some of these companies and they are looking to expand, looking to invest. so global companies want to come in and many are announcing plans to invest, plans to build products in the united states and have a new factory employing more people. it‘s an interesting scenario but we are hearing a lot about donald trump‘s respect if and his team‘s perspective on trade. now i wa nt team‘s perspective on trade. now i want to bring you another perspe

more coming from davos. vonnie: yes, seems like things are really moving and shaking at davos this year. thanks to erik schatzker. he will be back with another private equity tighten, david rubenstein, cochairman of the carlyle group. want to get a quick check on crude oil after oil inventories came out just a few minutes ago. over one million barrels. crude rising above $65 a barrel for the first time since december 2014. that is the 10th week now of a drawdown in inventory. rose salesventories by more than twice the survey, so pretty bullish signals for crude. a reminder, you can contact us a on twitter. you can watch tick-tock by bloomberg streaming live on twitter. here is one of today's highlights from davos. >> imf to campbell in davos, switzerland, here at the world economic forum meeting. tonight, gathering as they do every january to discuss the state of the world and what they see coming in the next year. the big subject obviously is donald trump, what his continued tenure in the white house means

so 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 to juxtapose to tribes relatively more stern approach to immigration and relatively more advanced age so i do think there's some of that love to tepee 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 to play host to that particular event. that the united states has been the victim move globalization is the right. i don't know if there's a single us effect of united states has gained much more than we've lost overall as an economy that being said trump and ma

president will be hoping to achieve of the davos forum what do i expect from mr trump's visit to davos dolphin lot of security police and army also you've got to bear in mind that mr trump a stable genius as he puts it he likes to bestride the world stage and so i think because the mist of the president of china was the great favorite star at davos last year i think mr trump wants to be the star this year i think that will be a lot of politicians wanting to speak to the gallery mr trump will be wanting to play to his political base over in the state so he wants will want to be seen to be talking tough and in a similar fashion mr mack wrong mrs merkel who's still trying to form a government in germany will also be wanting to be seen to be supporting their national self interest so i suspect we're going to be seeing quite a few fireworks to. purchase a sports minister is demanding justice for some of the country's top athletes who've been excluded from the upcoming winter olympics. we will stand for the interests of all our athletes reassure their clue we haven't had any claims in terms

jon sopel, bbc news, davos. jane: also in davos is republican senator bob corker, chairman of the foreign relations committee. he has had some infamous spats with the white house, but my colleague katty kay asked if he -- this donald trump has done a good job on the world stage. senator corker: from the beginning i've criticized things that i thought need to be criticized but i have also applauded those things that need to be applauded. again, you and i were talking before we came on here, the economic situation around the world is different than people thought at this time. what he has done in the country is release the animal spirits. i don't think there's any question that with the dereg and tax reform, it is not only affecting us, it is affecting other countries that trade with us, which is most of them. so i think, again, support those things that you think are good for the country and the world , and sometimes some of the comments i wish were made in a different way. katty: right, but all the things you de

how did you frame his message in davos? >> first of all i think it's an extraordinary speech and i've been to davos. a huge gathering. bigger than ever this year. there were 1600 people in that room. they represented many of the most powerful corporations in the world. many of them have already announced billions and billions of dollars of investment in the u.s. after the tax cut was passed. the president was who he is. he was coherent, articulate, direct. he stands for america, he cares about america. he expects others -- he fully expects merkel to worry about germany. this is legitimate but saying with great pride between deregulation and what he has done with the tax code america is now the best place in the world to invest. that is a huge comeback for one year. >> bill: i wrote down a few lines that stuck out with me. regulation he said, taxation. each of you in this power has the power to change lives. i felt the message was this and last comment here for this conversation. watch what we do and do what we do and you, t

some were even hoping this year's davos could mark the dawn of a new era. we have the evidence based case so world leaders from the world economic forum to the world bank have the evidence to show that women's participation drives economies we have more women in positions of leadership than ever in history and we have technology that's connecting us in ways like never before women's voices are being heard and we have the chance to reinvent the future and include women and as fast as possible many surveys have shown that women tend to lose out most when it comes to globalization. canadian prime minister just in trudeau said in davos he will sign the resurrected transpacific partnership along with ten other asia pacific countries in march the canadians put the c.p.p. on hold last year after the u.s. pulled out saying they weren't yet ready for tough talks with the u.s. and mexico want to revamp nafta deal of forcing canada to diversify its options. here rypien union has hurt us chip make a call come with close to a billion euros in antitrust penalties the use

i'm akiko fujita live from davos. u.s. president trump gives the greenback a boost telling cnbc in an international exclusive that steve mnuchin was misunderstood. >> the dollar is going to get stronger and stronger. and ultimately i want to see a strong dollar. >>> but there is trouble at home as nbc confirms a report that the president ordered robert mueller fired, but backed away when the white house counsel threatened to quit. >>> i'm willem marx in london. lvh shares beat expectations for the fourth quarter as chinese shoppers buy more handbags and champagne. >>> and shares in swiss fragrance and fragrance manufacturer rise in net profit and a planned hike for its dividend >>> welcome to "street signs." we are awaiting president trump's speech later today, but the president ahead of that speech telling cnbc that he would consider rejoining the transpacific partnership speaking to joe kernen in davos, he said he was here to negotiate. >> i like bilateral because if you have a problem you terminate. when you're in with

everybody is talking about job creation here at the world economic forum in davos people are well aware of the fact that robots are taking over more jobs than governments can create off the back of a painful financial crisis and one country that knows about that is greece i'm delighted to be joined by dessie cherubs counts now who's working for what's and volt a great energy company that was founded during the crisis there and has you know is a surprising success story how many jobs did you manage to create hell in the mace the fake government crisis we have managed to create two hundred jobs it's sustainable jobs reliable jobs at this hundred to sustain the level of jobs and we're educating our energy specialists in greece just tell us then a little bit more about how you managed to create these jobs in the depths of such turmoil because still current in greece for talking about a youth unemployment rate of around forty percent and this robot will or her always had a vision we had a purpose and we know that we're going to do it because then there's this sector is growing in greece and

let's get back to davos. time to: ubs says it is keep as much of its business as possible in the u.k. as the country reshapes its relationship with the european union. francine caught up with the head of ubs for a wide ranging interview and started by asking him about the unit model. >> adjusting the model means for example, we stopped getting engaged in certain asset classes because they were very heavy regulatory wise. for example, the moveon exchanges, when we get cleared we can move back because they are capital light and their returns might be higher. some businesses were a lot more higher value, higher volume in 2013 and 2014 and now less so we are deemphasizing those. competitors are evolving and you need to stay on it. the capital high risk adjusted model can grow in dedicated segments and stay the same as successful. francine: talk to me about m&a. you are expecting a little less than some of your competitors, or more? andrea: m&a has been strong but slightly declining from 2016 into 2017, but the ac

we've been tracking events in davos all week. is it a critical way for world leaders to get their messages out? or hot airfor a cold climate? there's a question. tell us what you think. just use the hashtag bbc—the—briefing. donald trump will deliver his keynote speech at the world economic forum in davos later. the us president has already made his presence known at the gathering of world leaders, offering better trade deals and inviting big business to invest in america. mr trump has also threatened to stop aid for the palestinians unless they take part in peace talks with israel. our north america correspondent peter bowes reports. unfamiliar territory the donald trump. arriving in davos amidst a world wind of expectation. —— whirl—wind. the first us president to show up since bill clinton 18 yea rs to show up since bill clinton 18 years ago. but mr trump, a salesman in chief, is already stealing the show. it's very exciting to be here. we are very happy to be here. the united states is doing very well. the america f

he is in new york ok how's it going to play what do you expect through the president's visit to davos so i think the president goes there in part because he's probably long wanted to and this is a big opportunity also i think it's a muscle flex for him and many of his supporters the notion that a lot in the global elite who are kind of fetid infecting each other at davos had expected him to be a bit of a more problematic for them than he turned out to be and he wants to celebrate what he sees as his successes which would otherwise be known to us in economics as the high points of the u.s. macro economy and in fairness many of the basic metrics of the u.s. macro economy are quite healthy now good stock market performance if not every day most days at a usually large number of days pretty good economic growth and some major perhaps overdue rationalization of regulation along with a lot of controversy and i think he wants to kind of celebrate himself and try to get these people who were doubters to celebrate having his record next how's the american first idea going to play so look you d

lou: president trump takes davos by storm. after that highly successful trip to davos. all of those globalists elitists and their orthodoxy. america once again is back he said. and we are hoping for -- open for business. here he is. president trump: after years of stagnation, the united states is once again experiencing strong economic growth. the world is witnessing the resurgence of a strong and prosperous america. now is the perfect time to bring your business, your jobs and your investments to the united states. lou: taking america first to the globalists and the elites. joining us, robert jeffress, pastor of the first baptist church in dallas. great to have you with us. the president, he hit a home run in davos. can you imagine selling america first to all those folks who think they are the big deal? >> he's a great salesman and great leader. we've saw world leaders warmly applaud and embrace president trump in davos, much to the consternation of the president's critics. when you teach and say america first means the world is going to prosper, these world leaders g

prime minister modi is set to addressed davos -- address davos . haslinda amin mean is joined by a guest. he has been trying to do the same thing president xi jinping did for china last year. whether he will exceed to do that remains to be seen. he will be speaking in an hour and a half. in the meantime, its get perspective on india from the chairman of the state bank of india. it is good to have you with us. inflation is a big issue in india. oflation is above the target the rpi. you see interest rates rising faster than expected because of that? years.ation last three the whole policy of the bank of india has been about continuing inflation. we have been successful in that. we have seen pick up and that was unusual, but going forward, our expectation is the number should stabilize and at least in the next six months, i don't foresee any major movement further. as far as the policy rate is concerned. haslinda: having said that, when d.c. rates moving? rajnish: rather, i would say that i am seeing rates stable for some time. a year or so. haslinda:

the world economic forum is underway in davos at the moment with some of the world's biggest players readying for talks at the luxury swiss resort among them is the u.s. president although not everybody is happy that he is turning up in fact around two thousand people marched through the city juric to denounce donald trump's visit and the entire gathering to several smaller protests also took place elsewhere in switzerland including geneva trump is expected to make a speech later this week selling his america first economic idea at a pro globalization for a wednesday morning in davos is focused on the challenges facing the energy market in particular or oil prices and production and we spoke to russia's energy minister to find out what's in store for twenty eight. and we were critical of this to all twenty four countries that agreed to the deal to cut oil production have to reach joint aims this is needed to find a solution and balance the markets the market is a periodic mechanism this time the unusual decision that was taken for the first time showed the possibility to take joint s

invited how will that go down business we'll have live coverage throughout the day and all week from davos. hello i'm terry martin thanks for joining us. turkey has intensified its offensive all of branch against kurdish militias in northern syria. the turkish army and syrian rebel fighters crossed into the turkish enclave of. all in northern syria on saturday is controlled by the kurdish y.p. genie militia which has been a key u.s. ally in the fight against i asked what turkey sees the b.g. as a terror organization and has urged the u.s. to stall backing the turkey's president. there will be no letting up until the job is done operation olive branch is anything but a peace offering following as strikes the takesh military with the support of its regional allies is marching across the border into northern syria techies president has pledged an unrelenting campaign against the syrian kurdish militia which he considers a terrorist group. will handle there's no stepping back we have an agreement with our russian friends and i've also discussed it with the u.s. and other coalition forces. amid

president arrives in davos. anna: the first policy meeting of the year with investors looking for comments on the stronger euro and the timing of policy changes. ♪ anna: good morning. this is "bloomberg daybreak: europe." we are live from the forum in davos. we have another great lineup for you. good morning, haslinda. haslinda: good morning. we have plenty of guests. president of institute of international finance. and jes staleyde and we will also bring you an exclusive interview with theresa may here from davos. we will speak brexit and our relations with the u.s. lots coming up throughout the day. manus: haslinda, great job. forward to those interviews. breaking news coming from nordea, we have a conversation later. they are the only systemically important bank in scandinavia. derisking the bank continues in terms of the numbers, 4.27 billion is what they are just 4.6 7 billion is what they have delivered in the fourth quarter. 4.67 billion a little bit below the lines. they are confident that the net prof

joining us now from davos, our friend and partner ali velshi. ali, you have the home court advantage. you're in trump territory. what was your biggest takeaway? >> reporter: well, so i think there are two key take aways from the president's speech. the first is how much it wasn't. i mean, what an opportunity, the first time since the year 2000 that an american president has been here. usually each year there's a leader or two who shine, because they put forward a notion, a world view. this year we saw one, emmanuel macron of france, prime minister justin trudeau of canada, taking on the mantle. what an opportunity for president trump to have shown that vision. but he didn't. he basically listed a bunch of things we've all heard in trump speeches over the last year. he talked about lower unemployment. he talked about the tax by me. he talked about immigration. he talked about reducing regulation, on and on and on. but in the end, did not articulate a view. even the view that he said he was going to articulate, the america first view, i think it w

trump comes to davos. what would be anyone's first question i wanted to know here you are coming into the bastion of elitist and everything else. how are you going to sell the american first agenda to the crowd we have here in davos? >> when i decided to come to davos, i didn't think in terms of elite es or globalist i thought in terms of lots of people who want to invest lots of money and all coming ba can to the united states they are coming back to america. and i thought of it much more in those terms. after i said that i was going, there were massive stories about the elite and the globalists and everything else. it's not about that. it's about coming to america and investing your money, creating jobs, companies coming in. we are setting records every day and every week you see anticipate with $350 billion most people thought $350 million. and i spoke with tim cook. you remember my campaign i used to say i won't consider this great unless anticipapple comes. but so many companies are coming in. >> his

big picture for those asking why davos. this is the answer at the white house. >> i'm going to davos to get them to bring back a lot of money, invest a lot of money in this country. i made the statement if we didn't do the regulation cutting, which i think is actually maybe more important than even the tax cuts, but the regulations, i think you would have had a much different situation. people are very happy. >> bill: he is always talking money and business and jobs. there is your answer, jonathan. >> he sees a big part of his job being a cheerleader for america. the planning for davos, he originally wasn't planning to go. vice president mike pence was thinking about going. when trump saw the list of leaders who would be there, global leaders, the audience he would be in front of, he thought it would be a great opportunity to basically boast about america. he wants to talk about the economic growth under his presidency, the tax cuts, the unemployment rate, the stock market which is his new faf -- favorite. he talks about th