from davos switzerland. davos is a municipality in the country on earth groban or great song at 1560 metres it's the highest town in europe and home to one of its rulings biggest ski resorts with 6 main ski areas totaling 320 kilometers of slopes. good morning i got up early today to get to stoke 1st for everyone else. after a full day of skiing and sometimes i have some tough stuff in charge of the time i . play coming up without a lot of sleep break. the 1st. time for us to sit in this ice skating rink. for some little hope to see. out it looks so elegant christmas. looks a bit like a little while with the current leader. of the 3 getting there we're getting there . but. probably. the flames here. we're not taking these bets it's called. the day we're on the yard called charm which is another really popular ski and snowboard spot right next to the post city center and i've heard the word pull down that. i'm not the last person to let me. know this is my place it's the to come to my next stop. the island of

calm people here on the edge afraid of the earthquake and it's aftershocks and it's not only here in davos or the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who need it most. the u.s. special envoy for north korea has top young young to return to the negotiating table to discuss denuclearization stephen bacon says it's time to get the job done tensions have been rising in recent weeks after north korea conducted a series of weapons tests youngling has previously warned it would take a new path by the end of the year if the u.s. did not stop her. it. lebanon's president is due to begin consulting political parties to find a new prime minister after another nice violence light on sunday security forces in beirut fired tear gas and rubber bullets at protest as they gathered outside parliament there's still angry at the possible nomination of. you who resigned as pri

we reported recently president xi will skip davos, still waiting for january, probably in d.c., mr. hue sunny and mr. deal. matt: how likely is a complete trade deal in 2020? >john: with an election in the u.s. and what looks like a ilization in the chinese economy, you could argue it looks harder to make a phase two deal. buting is impossible, phase one looks like it will happen, and phase two looks a lot more difficult given the remaining issues to hash out. matt: our executive editor for greater china there, john liu out of beijing. let's get to bloomberg business to london for the end gatherings -- leigh-ann gerrans. recording amazon record holiday sales. they didn't release in-depth figures but a statement backed by broader reports that shopping as u.s.p this year, web sales rose 19% this holiday season. apple is set for its best year in a decade, stock up 82%, adding $530 billion in market value. -- gain is the market greater than the market gap of all but five companies of the s&p 500. a consumer survey says that the are widely iphone cited as must-have items. tiffany is prep

calm people here on the edge afraid of the earthquake and it's aftershocks and it's not only here in davos or the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who need it most. in the. news they have the challenges for iraq's political leaders as the deadline nears for nominating a new prime minister. was. and gagging the press a new report on how china is making its presence felt in hong kong the media. hello in peninsular malaysia it has been wet in the last 2 days there's a good lot of thunder has his you can see and they're all moving this jar action if you were to look at the radar display has been quite intense just a little singapore and just south of kuala lumpur now i think forecasts wise we can ease it off a little bit but it is still a wet area the rain extends into jobless includes jakarta covers much of borneo and still go through the southern philippi

calm people here on the edge afraid of the earthquake and it's aftershocks and it's not only here in davos or the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who need it most. let's look at lebanon we had been reporting that the president was going to begin consulting political parties to find a new prime minister but now hearing that that has been postponed we've got in a word to take us through the latest dana. yes the constitutional process to appoint a prime minister and form a new government was supposed to begin now the president's palace issued a statement saying that those parliamentary consultations have been postponed until thursday in that statement it mentions that the caretaker prime minister saad el how do you see the man who was believed to be to be nominated by the end of today asked for this postponement in order to allow for more consultations an

stream to pipeline which will transport natural gas from russia plus neither gave policy hard more in davos but a self declared i. the easy these new hit christine legarde on the rails a broad review of the institutions tools and goals that are 1st policy and gone out relies on imports to feed the country's vast appetite for rice but now it wants to satisfy all domestic demand itself will be 3 years with a little help from some friends. i'm going scoble welcome to the program it would be a major step towards ending the 17 month u.s. china trade war both sides have reached a partial trade deal according to a source briefed on the talks between the 2 countries u.s. negotiators have reportedly offered to reduce tariffs on about $375000000000.00 in chinese goods by 50 percent washington will also suspend tariffs on $160000000000.00 in goods set to go into effect on sunday before attractive dispute between the world's 2 top economy has weighed on profits of companies and slowed global growth and set the market's view on this with our man on wall street again scored against donald trump has been

wouldn't they want to be at davos? ashley: no. stuart: no. he's a new conservative, man of the people. people like him. he doesn't want to be -- lauren: so it's messaging? that's your argument? it's messaging? stuart: right. ashley: gas bags. stuart: i hope we're not going too extreme. ashley: maybe but it's true. stuart: no group of people in the economic world has been so consistently wrong than the geniuses at davos. they did not see the crash coming in '07-08. they did not understand what was going to happen to the economy with mr. trump in charge. they did not see the stock market rally. ashley: too busy giving speeches in the alps. stuart: drinking chablis with the brie. can't resist this stuff. more "varney" after this. ♪ look, this isn't my first rodeo... and let me tell you something, i wouldn't be here if i thought reverse mortgages took advantage of any american senior, or worse, that it was some way to take your home. it's just a loan designed for older homeowners, and, it's helped over a million americans. . . big difference is

obviously is a question for the prime minister if you go to davos or not. my understanding the optics. if you use it carefully, it's a great opportunity to meet leaders around the world, we will be there promoting the uk's financial and professional service sector has to offer. we talk about norway plus, canada plus, could it be something else? the think he is aiming for closest possible relationship that allows them some leverage. what that means, it is a matter of negotiation. that will come out in the next few months. the incentives are aligned. francine: do businesses understand? we heard from one yesterday saying the u.k. won't be leaving the single market or customs union. >> we have yet to see what we will be able to agree on access to services. they are promising -- there are promising signals in the declaration but we need to build on that. i'm worried in the vicious timeframe we may see an agreement that -- we need to see some to give services the latest possible access to a one of our greatest trading partners. sure it's right that it stays. i ha

. >> you have made some waves in davos. the headline everyone is running run with is david solomon says a 50% chance of recession in 2020. what does that mean, a 50% chance? reporteconomists wrote a where they were talking about the chance of recession in the u.s. they thought in 2019, a 15% chance. in 2020, a 50% chance. it is hard to put in context what that means. i think the u.s. economy is in good shape. i think there is a possibility as we get into the later part of 2020 and we see continuing tightening is the fed continues to manage monetary policy we can see an economic slowdown. it is just as well possible this run could continue and we could see economic growth continuing into 2021. it is hard to predict in advance but i think that's an indication we are closer to the end of the cycle rather than the beginning. >> china is slowing. it is slowing to 6%. >> that is what they say. >> ok, 5%. the cities are still growing nicely. china is experiencing the same two type of economies were one is growing in one is slowing

and our globe trotter will show us the winter sports paradise around davos in switzerland. charles and was founded in $1234.00 and was a member of the mediæval trading alliance the hanzi attic league it's now symbolized by the magnificent brick gothic architecture built at the time it's also why shawls and was declared a unesco world heritage site in 2002. and the court you'll find a real eye catcher the gores fuck a former training sailing boat built in 1933 and these planks could talk the captain's cabin has seen german russian and ukrainian scampers rest their weary heads. the vessel was built and hamburg and was given to the soviet union as reparation after world war 2 in 1901 it became property of the ukrainian merchant navy. since 2003 the gorge fox has been back in its original harbor serving 1st and foremost as a museum the vessel which is not sea worthy anymore is maintained by an association that hopes to one day bring the old lady back to see. the building you see right behind me was built several decades after the gores fought but it's just as impressive since

to secretary davos, is a fair or lawful to the front? students >> no it's not. >> very good should these people be defrauded be made? whole >> they have been financially harmed, indeed there should be relief. for them >> thank you very much i. yield the balance of my time to my colleague from connecticut, miss hayes. >> thank you secretary devos really quickly miss chair i'd like to enter into the record of january ten 2017 memo, from the boroughs defense unit to that undersecretary ted. mitchell >> without >> objection which this member was drafted by your office after the previous administration left i just, want to say something. as i'm sitting here and i'm listening, i remember last interaction where you, at some point had not read the memos and that came from your. office i just find that a total lack of regard that after the npr story broke on friday, and you knew you were coming here for about a hearing about borrow burns defense, that you wouldn't even take time to acquaint yourself with the memo. that was talking about your staf

boris johnson will not attend the economic forum in davos, switzerland, next month and is banning his ministers from going w

there seems to have been a shift -- two davos? there seems to have been a shift? saadia: there is a clear momentum that is building up. if you look at the broader conversation around stakeholder capitalism and what companies are now responsible for and what they should be thinking about in the years to come, it is clear that gender parity and gender diversity are part of that. that is going to be important not just because of the new metrics and focus on esg, but it is also important because it's is the other person just pointed out, there is a good case for it. we know companies that are more diverse tend to perform better, and that will be more applicable. those roles i talked about earlier, cloud computing, engineering, artificial intelligence, these are roles where we face talent shortages. thank you so much, saadia zahidi, managing director of the world economic forum. we will get back to andrew sheets of morgan stanley. we are talking about the prime minister's stance on brexit and the withdrawal agreement. all gains against the dollar have been erased. plen

he has banned ministers from going to davos, the annual economic gathering in the swiss resort. a downing street source told the evening standard that at the time of the ban oui’ standard that at the time of the ban our focus is delivering for the people, not for having champagne with billionaires. alexander the hosted a party the night after boris johnson got his landslide victory, in contrast to that, and it was reported to have been a champagne and caviar fuelled christmas reported to have been a champagne and caviarfuelled christmas party. there is a bit of celebrity and politician in boris johnson, there is a bit of celebrity and politician in borisjohnson, which people talk about, so it's no surprise he goes to these parties. but when he is in the caribbean for his new year holiday, there is no suggestion he will be handing over power to any deputy, so he will still be very much in charge. there is always a focus on where leaders go on holiday, but wherever they are they are still on the job. that's right. and he has a huge agenda outlined and when he gets back in januar

alan posner is an influential blogger and commentator for the german newspaper in davos and he says we need courage not anxiety in order to save the climate democracy. capitalism and the dream of a good life for everyone abandoning one of these names lynn danger all of them. and it's quite a pleasure to welcome clara meyer she is spokesperson for fridays for future berlin and she says while a certain fear shows real concern it's important that this concern is now channeled into action especially from large corporations and politicians who hold a great responsibility to pass legislation controlling this climate this crisis. so korea let me start out by asking you what does this term this phenomenon of climate anxiety mean to you while i feel like. it shows that people are realizing what catastrophe. actually n. i feel like a lot of people are now realizing what is happening in europe seeing what is happening in the global south and are simply afraid of what will come and what is already happening climate anxiety steffen is becoming now a recognized term for distress associated with glob

executive board of the international monetary fund is also a top leader at the world economic forum in davos it's so great to be with all of you here today thanks for joining me and let me just start out with a look at the national debt clock is that something that we should care about or is it just a number show in principle you should always care about the level of the national why that is that because it's a measure of what you can afford in the future as well as today i'd say that the absolute number 23 trillion whatever it might be. isn't as important as the share of g.d.p. . he and it's still considerably below 100 percent of g.d.p. in the united states particularly if you include publicly held debt that is that as it's called that no debt as implied by what we social security. in the future in the next 2030 years whatever that might be it's actually not that and so numbers like 22 trillion. they're just numbers what matters is ratios and the ratio compared to say china compared to a lot of europe and compared to parts of the united states history particularly after the 2nd world war i

one is to go to washington dc and are for trade deals, go to davos and think you can cut a deal. the other way is to hire 10,000 people in a country and say, "let's go-- let's go win the customer. let's go." that's always been the approach that we've taken, you know. i would say we're good in china because we understand the 5-year plans. we built a strong team. we go outside of shanghai an c beijing to go into tntry. and we very much see every country we're in from the botm up. davi of the things you tried to do was change the culture of ge. what was the culture that you arinherited and you were pof and how did you try to change it and hoansuccessful was it to the culture? jeffrey: a company like ge is a study in how do you make scale. how do you make size an advantage and not a disadvantage, ght. because inherently, size means bureaucracy. there's just nothing-- there'wo ways to get around it, right. the company i grew up in was very process driven and very centralized. you could do that because we are basically an american company, but when you're vastly more global, you really

calm people here on the edge afraid of the earthquake and its aftershocks and it's not only here in davos those sore the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who need it most in the news ahead the challenges for iraq's political leaders as the deadline nears for nomination the new prime minister and we are live in the gambia where the opposition is surging the protests against the president will tell you about their king tomorrow. hello beijing has had its 2nd proper starfall of the winter come mid december maybe a little late anyway here it is on its way through so tucked in behind the colder air when the sun comes out it's still plus for the max in beijing so what's on the ground to some degree will melt that of all sorts also about plus 5 snowfalls and disappears and because southerly breeze for a good part of the terrain plates and japan that will lift

news about their loved ones are really hoping for survivors it's been very difficult not just here in davos sore but in many areas of the mindanao region elizabeth these areas have been battered by a series of earthquakes which has left a significant number of people dead and thousands of people this place now over the next coming hours this is really where it's critical because preciously in just what this is just one of the many areas that have been devastated by this earthquake they would like to get these people out the soonest possible they're hoping for calm and aid is actually being brought here now not just from this region but from the national governments we've spoken also to families here who are still saying basically that from here they somebody as early as monday morning was able to send. a message out asking for help and from the corner where she was basically she said that there are about 6 people there also trapped inside so this is what's going to happen now and tomorrow the next few hours and days are critical they're hoping that rescuers will be able to do to pull out su

a lot has i'm sick of this is as you see a live from davos a coming up. more than 40 people have died in a massive fire in one of the oldest markets in new delhi. an exclusive report from iraq where speaks with protesters who say they've been tortured by security forces . africa's largest lake is drying up threatening to devastate entire communities by generations to come. but a protest leaders in hong kong say 800000 people turned out for a mass march through the city on sunday they're demanding greater protection of their democratic freedoms and human rights it is the culmination of 6 months of protests even though police approved the event they warned they would not tolerate a repeat of recent violent protests earlier they said they confiscated a handgun and ammunition in raids that resulted in several arrests police say the weapon would have been used in their words to create chaos during the rally way jim brown is live for us in hong kong so adrian we saw some impressive numbers of people out there earlier but apart from removing that controversial e

calm people here on the edge afraid of the earthquake and it's aftershocks and it's not only here in davos sure the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who needed most. the un is hosting its 1st ever global refugee forum in geneva to look at ways to improve the lives of millions across the globe the 3 day event comes as the number of refugees is rising more than 70000000 people are displaced by war conflict and persecution so into 5000000 of them are refugees who crossed international borders and are unable to return to their homes last year the u.n. general assembly agreed on a deal to improve the way the world responds and helps refugees kelly clements is the deputy high commissioner of the un refugee agency she says the country's hosting refugees may also benefit from the forum refugees are right at the center of this global refugee forum both refugee p

calm people here on the edge afraid of the earthquake and its aftershocks and it's not only here in davos or the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who need it most 2 cities in western libya have declared a general mobilization of forces to fight the warlord holy for huffed it's almost the turkish president's promise to provide military help to the internationally recognized government in tripoli that could lead to a confrontation with egypt and all those who support the sources when trying to take over the capital for months. it's kazakhstan independence day and many people are marking it was protests against the government of president kasim jomar tokai of which is calling it illegal rally demonstrators are demanding economic reforms and an end to corruption they're also calling for the release of all political prisoners. a young mother in yemen is fig

he has banned ministers from going to davos for the annual economic gathering in the swiss resort. andy downing street source told the even standard at the time that our focus is delivering for the people, not champagne for billionaires. —— evening standard. the owner of that paper, co ntroversially, the owner of that paper, controversially, hosted a party the night after boris johnson controversially, hosted a party the night after borisjohnson won his landslide victory which boris johnson went to and a writer for the guardian said it was a champagne and caviar fuelled christmas party. guardian said it was a champagne and caviarfuelled christmas party. you have in equal measure of celebrity and politician in borisjohnson that many close to him speak about. perhaps it is no surprise he goes to these parties. but he is in the caribbean for his new year holiday, but we've heard no suggestion he will be handing over power to a deputy, so he will still be very much in charge. people in the australian state of new south wales have been showing their gratitude to volunteer firefighte

this is after reports that xi jinping will not attend january's world economic forum in davos, which would have been a perfect chance for he and u.s. president donald trump to meet face-to-face. interesting how today's rally has been somewhat led by the defensive industries. health care, drugs, consumer staples. children is poster utilities. they are very strong today. stocks in of the 28 the s&p that our utilities are up today. that is sending valuations backup to levels never seen before. ons tended to be the lid rallies and utilities. aboutnow they are back to 21.4. it is really that dividend yield that is most important for utilities. that chart, that 3% level on the dividend yield really capped the rally in this group in september and then again in october. now we are just a little bit above 3%. it will be interesting to see if that number holds again and utilities start to fade if they dip below 3% dividend yield. into my going back over area, which is about the growth market. i want to take a look at a chart in my terminal. tradingorical average about 17 times. take a look at

that now president trump is planning to attend of world economic forum in dabo's in switzerland -- in davos in switzerland. that happens in january every year. president trump is planning to attend. we learned earlier boris johnson is not planning on attending. again, these could change. for now, president trump is going to attend the world economic forum and boris johnson is not. let's get back to fedex and amazon. will this make the third-party sellers more popular? go withdecide to only those that could fulfill the delivery within the same timeframe as prime, will that bring customers back to the amazon platform? lee: i think fedex might have an issue in terms of the on-time delivery requirements. their performance was quoted as being around 90% where ups was 94%. fedex might have dealt with different weather conditions than ups, but the reality is fedex is getting the overwhelmingly majority of their deliveries on time barring any weather issues. abilityvides amazon's to take stuff in house and force its third-party sellers into its own distribution center, which will help lower its own

. >> you have made some waves in davos. the headline everyone is running around with is david solomon says a 50% chance of recession in 2020. what does that mean, a 50% chance? context -- let's put that in context. our economists wrote a report where they were talking about the chance of recession in the u.s. they thought in 2019, a 15% chance. in 2020, a 50% chance. it is hard to put in context what that means. i think the u.s. economy is in good shape. i think it is chugging along. i think there is a possibility as we get into the later part of 2020 and we see continuing tightening as the fed continues to manage monetary policy we can see an economic slowdown. it is just as well possible this run could continue and we could see economic growth continuing into 2021. it is hard to predict in advance but i think that's an indication we are closer to the end of the cycle rather than the beginning. >> china is slowing. it is slowing to 6%. that is not so bad. >> that is what they say. >> ok, 5%. the cities are still growing ni

>> what did you do to get the standing ovation at ey, this will be announced at davos, we are going to put a higher emphasis, someone at a higher role that will report to me in charge of what we are doing on climate, what we are doing for ourselves and getting people much more ininvolved. >> i think you just announced it here >> i know. >> you don't have to go to davos now. that's great >> it seems to me the speed of change and expectation of being able to evolve have also changed drastically over the last five to eight years >> absolutely. everything is much faster. mostly driven by technology and globalization. we talk about nationalism and so forth politically. from a business perspective, it is more global than ever supply chains are global even if you are a startup, your market almost immediately is global that's different. >> how do you act as a globalist in a world that is becoming increasingly more nationalized >> we have over 280,000 people around the world, over 150 countries. we get caught up in the nationalism versus operating globally for ourselves and our clients. you hav

one could be in middle of a senate trial, two, davos is a week after that. if the president goes allows him to take a victory lap. what about the timing of this. >> absolutely. next year political year, election year. this president is a master at distraction and, right now does -- blake: master at marketing some would say. >> also marketing. he doesn't have a lot of control about the impeachment trial at this moment because we don't know when pelosi is going to send over the articles of impeachment to the senate. so right now that is kind of making him crazy. this is something he can announce right in the middle of a likely impeachment trial which is a victory for him. blake: it's a headline, signing phase one deal, january 15th at the white house. i'm going to beijing. it is being picked up, but you don't know the details of this trade deal. i don't know the details of this trade deal. all the administration says there is a trade deal to be signed. as we learned from peter navarro yesterday, it is 86 pages in english. that is all we know right now. that's

trump administration officials or the president plans on attending davos. at least three people are dead and more than a dozen injured after suspected tornadoes went through the deep south monday. the storm smashed into buildings, downed trees, and left a trail of discussed -- a trail of distrust -- a trail of destruction in louisiana and alabama. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. frozencoming up, the wto , usmca still in play, and phase one of the china deal promised within the next two weeks. we talk with rufus yerxa, president of the national foreign trade council. ons is "balance of power" bloomberg television and radio. ♪ >> as much as i do not like the appellate body going out of existence, it is something that has to be done to get other countries to wake up. if you want the wto process, and i do like the wto process, it has to be reformed. grassleyat was chuck talking about the u.s. decision to block appo

"squawk box" is live in davos. >> the countdown is on for the federal reserve's next best decision for rates >> ♪ some things are too important to do yourself. get customized security with 24/7 monitoring from xfinity home. awarded the best professionally installed system by cnet. simple. easy. awesome. call, click or visit a store today. >>> welcome back to "squawk alley. as we get ready to wrap up 2019, cnbc is taking a closer look at what investors can expect in the new year it's time for the 2020 playbook on the defense sector. ♪ >> 2019 was defined by more military modernization, more mergers and more tech talk, as cloud took center stage and google faced ai blowback 2020 will be the year those technologies are adopted and the year the militaries might officially send to the final frontier first, peak defense dollars. the 2020 u.s. budget increased defense spending by 3% but don't be surprised if that begins to flat line. thanks to pentagon reforms and the upcoming election. still, national demand will keep growing and the u.s. will keep buying more aircraft, ships and missile

tom: in january in davos at the world economic forum, negative interest rates. i don't want to get you in trouble with goldman sachs, but is it an extreme at that worn out its welcome or is there value to this original central bank policy? abby: i can explain it as a monetary economist with cemex variance and say, ok, in a financial crisis, the idea was for a short period of time to have negative interest rates. what we are seeing in terms of the implications from the real economy, not so pleasant. so, for example, in nations where the yields are negative, people are not spending money. in fact, they are saving more than they did before. there is the opposite impact. it is not stimulative. we see the impact in the united states. our fed has pushed back against the idea of negative yields, yet our yields are much lower than they would be because it is happening in other countries. tom: one of the great losses in economics was margaret goodwin. precisely this criticism of the professor's work is that people like you are in the at the real of economics talking to c

we are looking forward to seeing her it davos -- at davos and a number of weeks. we must begin with breaking news of a report that five will die in saudi arabia, and with others arrested for 24 years, for the murder of jamal khashoggi. joins us from dubai. it is real simple. they got a lot of people, but no people attached to the royal family. i believe were sentence. does that surprise us? i think you are exactly right, and that is a key it of information. we knew they were prosecuting these 11 people. we knew there were people who worked for people who were very close to the crown prince. thatof those officials have been removed from those positions have been exonerated. one was said to have not even been worth prosecuting. the other was exonerated completely. the accusation is against the that acted on their own, that are said to have been acting on their own decisions, on an operation that went wrong and they decided to murder khashoggi show -- jamal without approval from the top. tom: you have decades of experience in the middle east. did this bring the matte

foundation and then we will be in davos switzerland next month we hope you will be informed in these conversations with actionable take away that you yourself could take to elevate women everywhere and i hope you will share what we talk about today on social media throughout the day of the moderators #rule with us the feminine agenda and program can be found in the women rule on the app store and google play by searching life and then we encourage you to login and connect with people around you. first i'm delighted to bring to the stage three members of congress to discuss the new wave the women on the hell have had to date please join us on stage. [applause] >> i'm thrilled to take off today's summit when it is a hallmark of women rule i'm joined by representative susan brooks and the recruiting chair in the democratic representative lauren underwood from illinois. [applause] and stephanie murphy from the blue dog coalition and a member of the judiciary committee is not able to join us. more than 100 women have shattered the record of a decade ago years later talking about the summi

they look pretty good at the bar afterward or the world economic forum in davos or those kinds of places. anna: are you suggesting they have all the right gear, matt? eric, thank you very much. the latest on the mende story from the luxury sector -- m&a story from the luxury sector. looking at where we are in the markets in europe. 5%cks up by zero point two -- zero .25%. 0.25 percent. u.s. futures suggest we will keep our head above water. in terms of the sectors, it is not exactly a risk in move to the upside when you see utilities as the biggest gaining sector. retail also doing well. leisure way down in part by sas. up next, sterling is surging. are investors counting their chickens before they hatch? we will discuss that. this is bloomberg. ♪ matt: we are seeing very little movement in the dax right now. unchanged. the ftse only down 0.1%. we do see gains in paris. it could be kind of a risk in session. one thing we have been getting on for sure is the british pound. i brought in rate strategists to tell us why. is this another rally in optimism's? >> i think this is the market gr

and davos and now president trump has embraced him because modi with his far right politic, open bigotry and constant rhetorical war against those he views as his domestic enemy is the kind of foreign leader trump praises a lot. and trump's muslim ban is nothing compared to what modi has actually done. modi right now is in the midst of an audacious attempt to destroy that dates back to gandhi and instead replace with hindu naturalism and hindu supremacy. largest protest in i understand india. we're going to talk about all that next. (danny) let me get this straight. after a long day of hard work... ...you have to do more work? (vo) automatically sort your expenses and save over 40 hours a month. (danny) every day you're nearly fried to a crisp, professionally! (vo) you earned it, we're here to make sure you get it. quickbooks. backing you. the sleep number 360 smart bed. prices of the season on can it help keep me asleep? absolutely, it senses your movements and automatically adjusts to keep you both comfortable. the queen sleep number 360 c4 smart bed is only $1299. plus 0% interest for

possible signing when global business and government leaders descend on the world economic forum in dove davos switzerland next month. top china expert predicted the atmosphere in which there had to be a phase i, we're bringing him back in a fox business exclusive to predict what we can expect next, and what's missing? the biggest manufacturer of kids bicycles in america is breathing a sigh of relief after tariffs set to go into effect yesterday were outright canceled and the chairman and ceo is here in a fox business exclusive on his company's early christmas present, yes, he is the biggest seller of bikes to walmart. you got to hear what he says about this holiday season plus investors spinning their wheels, over peloton's holiday ad, and its recent performance. most of it is down, some have even resorted to name calling. >> this is at the top of the ideals there's no question about that. they will be lucky if they get this thing done let alone convince one person to buy this. >> liz: not everybody agrees with him the clues are out it's a bull/bear debate over peloton 's future. we're less t

and davos and now president trump has embraced him because modi with his far right politic, open bigotry and constant rhetorical war against those he views as his domestic enemy is the kind of foreign leader trump praises a lot. and trump's muslim ban is nothing compared to what modi has actually done. modi right now is in the midst of an audacious attempt to destroy that dates back to gandhi and instead replace with hindu naturalism and hindu supremacy. we're going to talk about all that next. supremacy. we're going to talk about all that next. i looove travel. italy! yaaaaass. with the united explorer card, i get rewarded wherever i go. going out for a bite. rewarded! going new places. rewarded! anytime. rewarded! getting more for getting away. rewarded! learn more at the explorer card dot com. and get... rewarded! (man and woman) [burst of t♪lking to animals] (vo) it feels good to give back. (attendant) thank you so much. (woman) oh, you are so welcome. (vo) you can choose the aspca to get two hundred and fifty dollars from subaru when you get a new subaru, like the all new outback.

there's a question as to whether it will get signed, sort of done in davos, which is the world economic forum, third week in january. do you expect that to happen? >> i do. this usmca trade agreement will get president trump even more leverage with china, forcing them back to the table. it's hard to believe, when we get china wrapped up, the president will have renegotiated over half of our trade agreements from a dollars and cents standpoint, so that's incredible. i think china is going to feel left behind if they don't get on this trump train soon. liz: congressman marshall, skedadd skedaddle. rip off the microphone, get your vote in. we appreciate it. >> thanks for having me. merry christmas to everybody back home. liz: thank you so much. merry christmas to you. markets, 46 minutes away from the closing bell at this moment, all three indices firmly on track to close, yes, again at brand new records. but i thought let me take you on a trip along with me several miles down memory lane, all the way back to 1997. the top grossing domestic movie, "men in black." i know some of you are thi

calm people here 'd on the edge afraid of the earthquake and its aftershocks and it's not only here in davos or the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who needed most. the un is hosting its 1st several global refugee forum in geneva to look at ways to improve the lives of millions across the globe when 70000000 people are displaced by war conflicts and persecution 25000000 of them are refugees are unable to return to their homes last year the un general assembly agreed on a deal to improve the way the world responds to help refugees claim it says the commissioner at the un refugee agency she says the country is hosting refugees will benefits from the forum refugees are right at the center of this global refugee forum both refugee participants speakers refugee led organizations and this really came to a culmination last december when the general assembly ado

people here are on the edge afraid of the earthquake and it's aftershocks and it's not only here in davos those sore the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who needed most. iraq's president has until the end of monday to nominate a new prime minister and a resigned last month but that's done little to come protesters are demanding a complete overhaul of the sectarian political system the latest nationwide process started in october but similar process of these the same problems were held last year by spread corruption high unemployment poor public services and a loose standard of living are angering millions of people there at least 476 iraqis have been killed and some 20000 injured in just 2 months of demonstrations calling for change well let's cross live there it's a baghdad spirit dorsett jabari is standing by 1st or so what was the latest from the g

calm people here on the edge afraid of the earthquake and its aftershocks and it's not only here in davos those sore the region of mindanao many parts of it has been battered by a series of earthquakes over the last few months thousands of people have already been displaced but what the government is trying to assure everyone that they are prepared and that they are able to send aid to those who needed most. still ahead here on al-jazeera they make a living out of rubbish but now these recitals in argentina are worried about their feature plus. one way to get many entrepreneurs are defying all odds to keep a colorful engstrand tradition alive and score the bond james leads the lakers to another victory as they continue to extend their winning streak all the n.b.a. action coming up after the break with a. howler it's rained again in the evidence syria the clacker interests iraq and for the next 24 hours just think of it is raining in iraq to clean the planes in the east there's a sudden this is well that's been significant rain through qatar bahrain and some in eastern sides too coming tog

. >> for streaming you need broadband, don't you >> yes, you do >> i was thinking davos again. no tv. i'm watching like "law and order" reruns in french. that's the best i can do if i had netflix, i could be a millennial i would not need anything else. >> you don't have netflix? >> no, over there. if i can have a smart tv i don't know where i'm going to be if it's a smart tv -- >> you can watch it on your ipad. >> i know, on a small little -- >> i know. you don't have time for that because you're out schmoozing at all of those cocktail parties, right? >> no. freezing walking. >> the globalization of netflix, if you're in davos or dubuque you can -- >> i can live on that and i'd be a millennial. >> but the globalization of the competition for video, for the traditional heavy weights in the u.s., the disneys, the at&ts, the warner medias, the fact that they're now poised to compete literally direct head to head around the world as opposed to in the past all the big entertainment companies sold their shows to other distributors in other markets. the fact that the whole world is th

. >> that is close and we are outside in davos too. >> he was standing outside. >> we are out there for like three hours. >> you guys look great real liamlifys your beauty >> keep it up. >>> when we come back, it is jobs week. one of the biggest questions for the global work force. the rise of artificial intelligence that is next "um houston, we've had a problem" it's human nature to hate problems. but why is that? problems inspire us to re-write the rule books. the history books and future books. that's why so many people work with ibm on everything from city traffic to ocean plastic. from flight delays to food safety. problems even got us to the moon and back on one tank of gas. and who knows where they'll take us next. >>> jobs friday is tomorrow. the numbers are expected to show unemployment keeping steady at a healthy rate new tech is disrupting industry and the workforce. how can companies keep up. joining us now, the founder and ceo of amisite >> we are an artificial intelligence software and we provide learning environments for business education we are an industry 4.0 late 1700

in davos the police say they are only maintaining law and order and denying trying to quell the protests. some of them violent. these women say they feel threatened by the police and accuse some officers of committing what they call atrocities. shahin courser is leading the female protesters have been is not ethically the women are protesting for their safety and to protect their children fear has taken hold of them since the clashes so they want the government to come here and assuage their concerns. but no one from the government has gone these women are braving the cold with their infants. to protest against the controversial citizenship law they say the violence to use by the police to suppress the protests including beating up students in a nearby university let them go and since they're out on seeing the man that was shot in course or vividly remembers the events of 13th december the day she says policeman 1st trash the students of johnny a 1000000 new university with stakes for the children of many of the women protesters study that. she says she's never seen them so angry and sca