35 Burst results for "Davos Switzerland"

Hospitals Facing Coronavirus Are Running Out of Masks, Other Key Equipment

The Situation Room with Wolf Blitzer

09:10 min | 7 months ago

Hospitals Facing Coronavirus Are Running Out of Masks, Other Key Equipment

"Are dealing with very critical shortage. Shortage is not just a protective equipment. They're also facing another huge obstacle. There are simply not enough supplies like cotton swabs to conduct the Coruna virus tests themselves. Cnn's Drew Griffin reports. How did the United States end up in this position with a desperate shortage of corona virus tests a shortage of supplies to administer these tests even a shortage of protective equipment for medical workers? The US government knew the virus was coming back in the beginning of January on January eighth when the CDC published an emergency health advisory on a reported cluster of pneumonia of unknown origin in Wuhan China. Medical experts tells CNN. The trump administration failed to act at this critical time. What we see is the lack of preparation over the last two months has now put us in a terrible position in late. January the first. Us case of Corona virus was identified in Washington state but while Chinese officials began locking down the city of Wuhan. President trump was in Davos Switzerland telling the world that China's problem would not be the world's pandemic we have a totally under control trump barred most non US citizens from flights coming in from China but behind the scenes. Mistakes were already being made as the numbers climbed a thirty five thousand cases worldwide the CDC was creating its own corona virus tests a slower process that included sending the test of public health. Labs to make sure the test would work those public labs found out the test was flawed so they immediately reported that and CDC began an investigation very quickly but more and more labs as they were verifying this through. The coming days also found the same problem but three crucial weeks testing was at a near standstill while the CDC tried to fix the problem and the US health system was flying blind the virus spreading across America and US. Health officials had no way to test for it that kept us from having visibility on domestic transmission of the virus for weeks and weeks and weeks when the CDC's new test was finally fixed ready. There weren't enough to fill demand. This letter shows public health laboratories begging the FDA relaxed restrictions and allow them to create their own tests. It happened within days but in a race to contain it the virus was well ahead by March. Six there are a hundred thousand cases worldwide and more confusion from the administration. Anybody that wants to test can attest. When the president said these words across the country shortages were everywhere today the shortages of tests include just about everything needed to administer the test there are shortages on many pieces of it. Public health officials. Say it just didn't need to be this bad two years earlier. The White House made another potentially dangerous mistake laying aside the pandemic response unit within the National Security Council though the White House says the same rose exist just under different titles. The team President Obama had bolstered to combat global pandemics after. Abol outbreak was gone. Critics say that trump administration decision hampered efforts with corona virus. I think he made a slower and it made us more prone to mistakes. Jeremy Conine Dyke who used to run foreign disaster assistance for. Us aid says all the shortages from testing to swabs to masks can in part be traced back to that one decision. Beth Cameron who under Barack Obama ran the pandemic response unit says. There is no doubt that well we have gotten more out of this at the office had still been intact. I think absolutely the president who alternately said he didn't know anything about disbanding the pandemic team and also defended it now denies his corona virus. Responsible has been anything but perfect. We were very prepared The only thing we weren't prepared for was the The Media Drew Griffin CNN. Atlanta healthcare workers deal with a shortage of testing supplies. The FDA announced today it has approved a new corn corona virus tests that can deliver results in forty five minutes the company that manufactured the test says it will begin shipping out the task next week. I'm joined now by Dr Meghan Ranting. She's an emergency physician at lifespan which is affiliated with Brown University. Dr Anne. Thank you so much for joining us. How significant development is this new test? This new test is honestly a potential game changer for us. My emergency department like hospitals across the country are increasingly filled with patients with symptoms. That seem like corona virus. But we can't test so the best we can say is we think you have covert nineteen and we're either going to admit you to the hospital or send you home and tell you to self quarantine it will be so transformative to be able to actually test patients the same way that we do for flu or other illnesses to able to tell people if they actually need to quarantine and then to make decisions that can help us see equipment for the patients that we do have to hospitalize generally very very significant to the largest cities impacted by corona virus. Dr Ready we're talking New York in Los Angeles now say doctors should prioritize testing for healthcare workers and the severely ill besides that they won't test unless it would significantly change the course of treatment. Does this new strategy makes sense to you. So it's tough. We simply don't have enough tests so it's just like we're doing with masks and gowns. We have to conserve tests to that. We make sure that we have them for the very sickest people. It's not just New York in Los Angeles that are doing this. It's actually the practice it almost every hospital in almost every state across the country right now. It is far from ideal. It is not the way we should practice medicine. But just like we're using masks right now. We have to ration are testing which really incredible so if large numbers of people still aren't being tested. How do we know how bad the situation is? Because presumably there could be thousands hundreds of thousands maybe even more of a lot of people walking around with Corona virus absolutely. I suspect that in my state as in most other states the numbers that are being reported are orders of magnitude lower than the actual number of people who are infected. We are sending most patients home from the hospital or doctor's offices without tests. Were getting the test on those really sick patients but if you are I came into the hospital. We most likely would not get tested again unless we needed to be hospitalized so we are absolutely under counting the magnitude of this epidemic. Zoo interesting story here. A New York surgeon and mother of two whose husband is also a doctor made a plea for more protective equipment on twitter writing. This don't make an orphan out of our two toddlers so bottom line Dr Rini. How dire are these shortages at hospitals all around the country right now? It is truly dire. That is a perfect word for what's going on. Listen we're all used to using isolation gowns? There's something that we use to take care of variety of patients who come into the hospital but never I've been physician for almost twenty years now. I'm never have we been told to reuse this equipment? It is puts us at a huge risk potentially puts patients at risk. It is exhausting and terrifying. I mean the number of steps that we have to go through every time we go in and out of a room with putting on a mask putting on a face shield putting on a gown putting on gloves seeing the patient stepping back out and then doing each of those steps again in every time you take something off. You're in danger of contaminating yourself and then instead of just throwing out the mask or throwing out the face shield. We're being told clean off the mask. Clean off the shield and it in a paper bag and then put it back on again before you go see the next patient there these series of steps where we could get infected? Which then puts us at risk. I have well over a dozen colleagues across the country who have already tested positive for cove nineteen fellow emergency physicians and nurses. And it's simply because we do not have adequate access to protective equipment and we're being told to reuse the equipment that we do have. So how worried are you about your own wellbeing Dr Rini so I am concerned? I'm hopeful that I'm relatively young and healthy and I'll be okay but I've had discussions with my family about if and when I should separate from them. I have friends who have sent their kids to limit our houses. And I'm personally told my parents that I'm not going to see them again until this outbreak is over because I don't want to risk infecting them. I think it's a matter of time in less. We increase the number of masks and gowns available. It is a matter of time until most frontline healthcare workers are infected. We

CDC United States President Trump CNN New York Dr Rini Barack Obama FDA Corona Drew Griffin Los Angeles China Wuhan China Wuhan Dr Meghan Ranting Jeremy Conine Dyke Brown University
Trump rule could lead to big Medicaid cuts, governors warn

The Majority Report with Sam Seder

10:40 min | 9 months ago

Trump rule could lead to big Medicaid cuts, governors warn

"Tell folks what has happened in terms of Medicaid in particular. I guess let's start way the way you did. What are the proposed cuts to Medicare that the trump administration the station has been talking about the proposed cuts to Medicare You know I think it started with their rollout of increased privatization of Medicare with increasing Medicare advantage. uh-huh Plans Kober last year in the lakes and Florida Trump you know reported in Vanity Fair that he said it would be fun. Second Term Project to cut Medicare and then in a couple of weeks ago now in Davos Switzerland he was talking. NCNB CNBC and he said Yesterday the fact that would be on the table cutting cutting Medicare in those social security and he said that would be the easiest thing to do very strange choice of words. So that's kind of the Medicare and that's what I started with. That's why I was in Des Moines that day with the committee to protect Medicare talking about these possible Medicare cuts with you know doctors from Iowa that join me for a press conference One Press When one member of the press showed up at that press conference now you know a little bit more of the presses is listening to the line that we're calling out at my committee about these proposed cuts it's And then you know because of the news of the day. Last Thursday was Davis encounter occurred in that was the day that Seema Verma the cms administrator for trump mm rolled out these Block grant Waiver proposal. That you know everyone I can see. That is talking about this. In an honest this way tells us this will cut folks from Medicaid. Okay and so tell us. CMS The centers for Medicare and Medicaid Services when they roll out this proposal are they actually just basically introducing. They're they're basically announcing that you can you as a state Can apply for a waiver. Is that right right. Apply for a waiver. Currently Medicaid is funded by the federal government on a kind of a per person per need basis. So you know. For instance when there's a recession and more people lose jobs and more people qualify for Medicaid. The federal share of spending on healthcare for those folks will go up because of course they need that you know people with diabetes if they have a job or they lose their jobs to no fault of their own still. Have they still need three hundred dollars a month insulin slim so with block grant States could say listen Why don't you just give us a lump sum of money? And then let us in the where he used was innovate let us innovate. Ah figure out how to cover anyone cover everyone but you know if the needs go up in our state. We still get that that pot of money that you're giving us it doesn't change and yet our needs go up so more people lose out the other thing they can do is choose to cut certain services they can you know cut certain drugs that are that are. Currently they covered up a prescription drug benefit under Medicaid. So I mean I mean it is just cut. There's no way around it. And there's no way that pence didn't understand that Seema. Burma used to be his Medicaid Administrator in the state of Indiana when he was governor there so this has been a conservative dream for for ages decades thirty years. They've been trying Graham. They've been trying to block grant and and so. There's there's like you say there's multiple problems that come with the block. Granting one is that it does not act as that economic stabiliser in other words doesn't doesn't Basically expand as the the need gets greater in crises. It also does not a increase along with the cost of medicine and And like you say the states can get sort of clever because the federal government has basically said I mean this is the difference between just sort of you know me me giving ten bucks to my kid and saying you know do whatever you want with it as opposed to making sure that she spends it on you know not on on junk food or whatever it is and and she can then go out and basically spend five bucks on the. I want to keep this metaphor too much but the idea is that they can use this money in other ways that I really don't have anything to do with providing health insurance for people right and my governor is Governor Gretchen. Whitmer who gave you know. I thought an amazing response to the state of the Union last night and I was there and we talked beforehand. And she's she helped. Uh sure in expanded Medicaid under the affordable care act when she was the minority leader of the State Senate here in Michigan and got a Republican governor to expand Medicaid. And we've had you know. Nearly three three quarters of million folks in Michigan Benefit from that Their study I think Carter. Kaiser family reported recently specifically Michigan showing the economic economic benefits of expanded Medicaid. The fear was that the federal government was going to give them a hundred percent in the first year and then scaled back to I think ninety percent of eventually by next year and the reality is even though the federal share has scaled back because people are healthier because they can afford treating their chronic illnesses. They can work more they. The actual tax base has increased. I think thirty thousand jobs in Michigan created directly resulted expanded Medicaid. So I you know this is. It just doesn't make sense to me that they try and and I think that's why he dodged the question and tried to revert back to things he did. And and then eventually just said agree to disagree because He knows what it is they. They held him what it is and they know if they say what it is. People won't like it you know. It's an election year. They're trying to get reelected so they just say whatever they want they lie will and state of the Union almost solely healthcare allies again about every other aspect of healthcare. And you know I think they just say what they want they get away with it. He just wasn't expecting to meet up with a guy in tyner who you know. I mean again. I don't know this issue like a policy. Wonk I mean I just I have a biology degree in a medical degree and I work clinically as a doc but I read you know and I and I try to learn as much as I can and so you know with my limited understanding of these policies he just. He wasn't ready for that one briefed them known gave them talking points. And I think that's. That's that's what we saw unfold. Yeah he did look like a deer in the headlights and we did try to dance around it quite a bit. You were pretty easy. Road brought in on them pretty quickly I think as he tried to sort of pretend like he didn't understand what you said the first thing. It just didn't that first exchange where you said. You're going to get cuts and Medicaid. 'cause I don't think we're GONNA do cuts in Medicare and so we'll give us. I mean So you know firsthand. The implications of this expanded Medicaid and and and I WANNA get into that as just your experiences as as an emergency doctor but I also get the sense. You're on this You're you're you're you're executive director of this committee you're in Iowa so you're aware at at least some of the you know the broader politics involved in this. Where would you anticipate what states or at least you know if not specific ones than the profile of the states eight? That are going to be applying for this waiver. I mean presumably the thirteen states. Now that did not expand Medicaid under the affordable. Care Act. I would imagine would be a prime targets or prime applicants to get this waiver. Because they're going to continue you. Say we're going to expand medicaid. They certainly are interested in dismantling it as much as they can right. I think that and I think you know anywhere that there is a Republican And I guess I have to. I don't know the nuances of the directive if it's if it's an executive decision at the state level or if it requires you know something passing through their houses so we have enough house majority Republican state legislatures plus governorships. In this country that I I mean I think that would be the profile. You know certainly because those will be the places where you know folks are more likely to be in charge that share vice president pence views on you know on Medicaid in general in a and and whether or not we should be helping out poor people when it comes to healthcare That that is that's the fear now. And why should we in Michigan you you know. Why should we in Michigan? Have a different set of. I mean the whole healthcare system. So Patchwork in Hodgepodge if you WANNA call it a system a series of systems. But it's so patrick work anyways I mean I guess why should this be any different. Let's let certain states do one thing and others do the other. And if you just happen to be born in Michigan versus Alabama. Well you know good on you right Well there's so much in our society today that's determined that way it's all just a coin toss and met. I guess maybe a bunch of coins get tossed in the air. What now? There's a vote tomorrow in the house. I Don I imagine you're familiar with it. And what the what the vote is is it's under the The CRA which has been used in the past to see the Congressional Review Act. It's been used in the past undo executive the actions that have been done within a certain timeframe and the Republicans did this with a bunch of executive actions by Obama and then once they do that once they pass that to reinstitute any type of rule like that Congress has to has to authorize it with a two thirds vote right so this is like this is a this is a real this is a sledgehammer as it were and they're going to. They're going to vote on this in the house and they will probably pass yes it which would not allow the president to block grant but then it goes to the Senate and the Republicans are sure to shoot it down. How do you think this plays as has a An issue in the fall when you have a half dozen or so Republican senators running in sort of purple states on their refuse their essential like voting to allow for cuts and Medicaid right. Yeah and I and I kind of anxious to see what folks looks like Like Collins I mean she seems the only one in the purple state that I think might make along with this I think you know tell us and and MC sally the and who is a gardener I think is already toast You know maybe Joni Ernst I don't know Yeah I mean I think at least I mean the thing is having having gone record. I mean that's That's I think that's all that's what we're trying to do as a committee. I mean what we're what we're rolling out over. The next. Several months is is an accountability campaign.

Medicaid Medicare Michigan Federal Government Medicaid Administrator Iowa Executive Des Moines Davos Cnbc Diabetes Switzerland Seema Verma Cms Administrator Florida Vanity Fair Joni Ernst CRA Davis
Trump Talks National Populism in Davos, Switzerland

The McLaughlin Group

03:39 min | 9 months ago

Trump Talks National Populism in Davos, Switzerland

"Addressing the World Economic Forum in Davos Switzerland this week president trump double down on his guiding principle of national populism nations rather than global architectures are best placed to sub human interest trump said many others at the summit disagree they say the concerns such as climate change can only be addressed by global action an editor I should clarify that that video with the music was a White House but you're not not mine but do you see how do you see double sometimes of the truck nationalist populism buses this sort of more global stock well New York times one of the headlines was the Davos solar guards flocked to trump calling and the cold and the Davos man me two years ago he I think he was there and he was you know widely disdained he seemed to come across like a bit of an ignorant fool in their eyes well now they like the economy they like power they think he might be reelected and so again just as the impeachment trial is all about raw power so is Davos and so the president knows how to play that game he invited a number of the Davos elitist to his signing of the reason outside of the of the trade agreement with China and he's kind of loving the fact that the markets are doing well and says you know give my best to Jamie diamond but there's a big cleavage there in terms of of climate in particular Jim do you have how serious do you think president trump is about shaping a legacy narrative all of you know a return to the nation state on on how much of this is trumps effort to mobilize a domestic base that that likes that idea I mean if you go back in and watch interviews with Donald Trump the date back to the nineteen eighties the most consistent theme of his political flight which is involved in a in a lot of different ways in other areas is the idea that the United States is being screwed over taken advantage of by foreign countries by foreign governments and that there needed to be some powerful figure elected who would put a stop to that and trump's election coincided with the trend of of national populism throughout the western world to varying degrees different political parties having different degrees of success of pushing that message and and I think the visors and aids close to trump of tried to own that political instincts that basic instinct and connect it to an over arching populist philosophy and so I think there is an element of of one is a legacy and show market is quite strong that sentence sounded as from the Democratic Left and very opposed to free trade is skeptical of some of this globalist architecture is actually quite close to president trump well he certainly is and I think his message of it populism is is not a ideologically specific term it's a term that could arise on the ideological left as it has on the ideological right now I think that's why you seem sustenance I was senator Sanders and look I I think it's not just the doors in the Midwest I think if you talk about African Americans in the south who have seen global legislation impact their communities a loss of jobs as manufacturers have either moved or have decided to hire a cheaper labor south of the border and so this is an issue that I regardless of race impact people's so I think Sanders message of social economics which is very similar to president trump's early on it

Switzerland Davos
Interview with Alex Karp, CEO and Co-founder of Palantir

Squawk Pod

06:45 min | 9 months ago

Interview with Alex Karp, CEO and Co-founder of Palantir

"This is walk. Thought this next segment is the conversation. Andrew had with Alexander Co Founder and CEO of Pailin. Tear the Tech Company provides software and data services for well a a lot of groups as you'll hear but it's probably best known for its relationship with the US government also quite controversial Given the company's role full working with the government in defense on ice with our allies with corporations there's always been view. It's a very secretive company in two thousand nineteen gene alone. The company signed one and a half billion dollars in. US government contracts one of those contracts in eight hundred million dollar deal with the Army Peletier beat out fortune. Five hundred company Raytheon for that one marking the first time that a venture backed firms received that caliber of recognition from the Pentagon and possibly more than anything else though. It's the company's Partnership With Immigration and Customs Enforcement that's created a stir until valley as well as internally Turnley at Peletier Alex Carp founded the company alongside a few other entrepreneurs including famed venture capitalist. Peter Thiel he co-founded Pay Powell and founders fund and invested in facebook anyway. Alex is he is one of the most unique interesting people in the world of business. He rarely does interviews but luckily for us. He's speaks Andrew. I gotTa tell you it's every time I have an opportunity to speak with him and really we've been able to do it now and you'll hear Davos you're just sort of blown away by the things that he says so here. It is Andrew. Ross sorkin annual interview with outs carp mark. CEO of talent here in the Alpine ski town of Davos Switzerland. Arc's thank you for doing this. Thank you so this was a very big year for you. We have a number of contracts. This is true we did very well so what happened. Well the long version is about five years ago we looked at our product offering and decide to rebuild our core offering for the government start with a commercial product which can be used to commercial and government and revitalize tragic going to market and and we saw the results Last year but dramatically this year and so that ended up with two very very large contracts that are public number of contracts that are not public and commissioner impact. That we're very proud of just so we're clear that's released publicly. One point five billion dollars in new contracts with that's true to you speak about those contracts. Let's well two of them are public. One of them is essentially. Give the DOD glow operating system in software with a on a timeline that otherwise I wouldn't be realistic so transformed the way. Decisions are made inside what amounts through the largest data organization in the world in timeline. That is very very aggressive. Another there is a little more classified and And we're we're just pouncing forward. The Core Mission of our company always was to make the West especially America the strongest longest in the world. The strongest ever been And for the sake of global peace and prosperity and we feel like this year we really showed what that would mean visit today. Do you believe is being driven by the government work versus the corporate. Well in the last couple of years most of our revenue has been commercial. Most of our clients have been government the the government government work inside and outside America's so strong Because of how it compounds that it's gone from being sixty forty commercial government to probably probably fifty fifty the impact of government. Work is the thing we are obviously the most proud of and is the past year. This sort of larger geopolitical Nicole conversation around. What does that into the business? Well you know decoupling. And and and strict regulation is a bonanza for pounder when we looked at what what did what should be done with data fifteen years ago. Most people aren't thinking about it and instead of thinking of this simplistic problem with aggregation of data. We thought about data's how can you aggregate and disaggregated this aggregate disaggregation meaning. How can you have silos while at the same time being able to call up at a granular level of what you're allowed to see in that silo? And what does that mean at a political level as Countries and states both need to have a horizontal view but want to have a more vertical view. They need Assad for platform that can allow a two countries to work together without sharing all all the information or to jurisdictions to work or to companies that for example a global company will have data stores in America data stores in Europe. Where only a subset can be shared in our architecture is is quite frankly built to deal with that and was built fifteen years ago to deal with that and revitalize five years ago so this decouple these these this decoupling world combined with Regulation quite frankly also combined with deep skepticism towards consumer in the valley is very much helping us. WanNa get to the sketches of the valley and just a moment but I wanted to ask you specifically about the protests this year about your work for ice and that ice this contract and what it's meant for your business we as everyone who's followed our company knows we take what amounts to strong but often Controversial positions the position of our company from the beginning was we're GONNA make America and the West Song and safer by integrating world class software into what amounts to legacy I see do systems one of our contracts at ice and there's an we started this contract under Obama and obviously there's a lot of concern legitimate concern about what happens on employer how it happens and what is the enforcement. Look like certainly diminish part of our work Finding people in our country who are undocumented. But it's a legitimate intimate complex issue. My personal position is We acknowledged a complexity people protesting whom I respect also dogs complexity is an issue that that is controversial and complex enough that the small island in Silicon Valley. That would love to decide what you eat. How you eat and monetize all your data should also decide who lives and your country and on what your conditions? There are elections. There are rules. They should be enforced. A transfer of one presidency and other and the the view of Silicon Valley that we get to the decide should not be the way the site of course this led to protests. My House has been protested for many months almost every day. Our officers protested many Palestinians who do not just follow what I say but are critical people. protested against internally. Some people were so upset about it that they left. These are very hard decisions. I I respect the people that that reside they can't be involved in this but we have a position. Are you comfortable with the trump administration's approach on the border.

United States America Andrew Silicon Valley Founder And Ceo Davos Partnership With Immigration A Raytheon Peletier Alex Carp Peter Thiel Davos Switzerland Ross Sorkin Alex Pailin Facebook CEO Alexander Co
Highlights from impeachment managers first day of opening arguments

Pacifica Evening News

09:51 min | 9 months ago

Highlights from impeachment managers first day of opening arguments

"Prior to today's trial session democratic senators spoke of the results of the first two days of the trial as would be expected praising the performance of the impeachment managers from the house senators are not permitted to speak from the floor of the chamber during the trial proceedings and they're not supposed to leave their seats for any length of time except during recesses the placement of the two television cameras in the chamber doesn't really show the positions of individual senators part of the special restrictions on the media imposed for the impeachment trial but there have been persistent reports from the floor and the gallery of sizeable and lengthy absences of senators and small groups of them conversing even as the house managers hold the floor some Republican senators have been complaining about the proceedings saying they're boring with the impeachment managers repeating evidence that's already been presented both in the trial and earlier in the house impeachment inquiry hearings Hawaii's junior democratic senator Maisie Horana we've all heard that our colleagues are saying well why don't we have new evidence which by the way we spent twelve hours of thirteen hours on Tuesday of the suspension of shutting down so that's totally hypocrisy on their part for that they are getting restless most of us get restless when we are presented with information we don't want to hear right and you want to hear what the president did and if they were to absence of other just a simple question of is it okay for the president to have shaken down the president of another country a very vulnerable country who need it our support and almost four hundred million a taxpayer money so his troops can fight against Russian and aggression and he in the present use our taxpayer money to to buy that president just ask themselves that question they want to face that is so there's for me why because the truth hurts new Mexico's democratic senator Tom Udall had strong words about president trump's behavior and Davos Switzerland at the World Economic Forum during the opening days of trump's impeachment trial president trump has leadership Maria said he is all over in Davos over in Davos number one what he's doing in Davos which I find outrageous he's he's playing with the jury jury intimidation he said as they are in Davos at the camera he says don't coal balls in there so with us he said could hurt our national security I think that's a very very dangerous role did go down to say that Congress cannot handle the national security issues obviously Fulton has a lot to say in public just about what went on in the meetings but we can handle the National Security park in our secure facilities and I think we're willing to do that the other thing that I found was really upsetting in terms of president trump's behavior over in Davos was he and this is his quote honestly we have all the material and we don't he says honestly we have all the material and they don't have the material here years scolding Goldie over the fact that he has the documents he's not turn them over to Congress he's violated is that is that special relationship article one article two where Congress is supposed to be able to subpoena documents and we do offer site and here he is gloating in S. quality sitting over in Davos president trump is threatening to use national security concerns to block John Bolton's testimony if in the unlikely event the Senate voted to subpoena him as a witness if that doesn't work Republican senators reportedly have a backup plan to depose him in private and then to classify his testimony as secret on national security grounds Karen Greenberg director of the center on national security at Fordham University school of law and author of the book rogue could just as the making of the security state told KABC phase Mitch gesture at the national secrets and security the growth of the security and police powers of the executive branch and the presidency especially since the September eleventh attacks on the US are all involved in the impeachment trial and it's Ukraine affair it is so obvious that what they don't want to do is to bring forth witnesses because the witnesses will say things not because they compromise national security but because they compromise the head of state and head of state and the people in his circle and that's just not what we seen this before we've seen the term national security used to be a real quick for not just protecting the national interest but making sure it doesn't get certain people either embarrassed or in trouble with the law we've seen this in the war on terror and numerous instances and we seen elsewhere we know this this playbook and it would it's important for the country not just for this trial to say now we have a process this is a these are the rules of the process and you can try to obstruct them in any way you want but ultimately we're gonna get those witnesses we need to get them the ring of a very important point now there are some government watchdog groups have you know created these charts showing the amount of times that national security has been invoked in order to keep information from either getting to the public or at least at the very minimum to Congress and if you look at these charts there's just this explosion this exponential growth that really begins at two eight you know right around nine eleven but even even before that even in the nineties but still continuing more so and here we are kind of leads us to the moment that Donald Trump may not have created concerning this use or over use of classifying information he hasn't created this dynamic but it's led us to a point where now he is in that same vein doing which I think is pretty remarkable and even pretty dangerous and for me is like one of those really important things that may not be as talked about as much as it should be during this impeachment trial and that's doing a blanket refusal to cooperate with Congress at all in this investigation right another way of saying it is this was a logical it's a little bit amped up foreseeable consequence of what emerged from nine eleven afterwards and again was built on earlier things as you say and you'll notice that in the the statement about this trial you've seen national security claimed on both sides national security is claimed by the trump administration and his to his lawyers as we can't give out these witnesses or these documents because of national security and on the other side you have individuals Adam Schiff another saying look this is a matter of national security we need to know this and so in national security is the magic words for the whatever it is you want to claim and I think that's also something that has led to this moment in time that we've been dealing with for the past two decades as you say since nine eleven did in this trip to what we consider in late but I guess Arthur Slesinger once called the imperial presidency which other people which people are now using frequently this term exactly let me say one other thing that are sure it's lasted you said though for this lesson you said that you know it and his father that history moves American history has seemed to move in cycles and you know from being very simplistic about this from more conservative errors to more liberal errors and that the cycle was about thirty years which is just about generationally you know in a little more and the real question here is are we what we are are we in the cycle or we done with the idea of cycles in American history have we entrenched ourselves so much in a way of thinking about the presidency and particularly when it comes to it's tied to national or its claim to national security have we escaped those cycles and so on what do you think question what is your title I don't think the pendulum swinging back I think that that so much yeah because we had a democratic president a liberal president who brought in some very much more liberal minded folks into the national security state with the presidency of Obama and the truth was it proved almost impossible to change things either because of how they read the national security global security landscape or because it was just too hard to give up the powers that had accrued but I do not think as we used to think ten years ago that the pendulum is swinging back in office another reason I think this impeachment is so important because it needs to it's not just about Donald Trump it's about what's happened to the country what is allowed to be claimed in the name of national security and now we've seen it at the ultimate where it was claimed in a national security the president's powers have now become clearly about personal interest and you notice yesterday that and today both ship and now they're use national security and then right after national interest and I'm committed to personal interest sort of is the relationship with these these things that are at stake Aaron Greenberg

Trump demands Apple unlock iPhones: 'They have the keys to so many criminals and criminal minds'

Mac OS Ken

01:40 min | 9 months ago

Trump demands Apple unlock iPhones: 'They have the keys to so many criminals and criminal minds'

"You might think impeachment would be the only thing on president. Trump's mind this week if if so you would apparently be wrong police was on CNBC Wednesday morning spending at least part of the time talking about Apple How oh proud he is of its innovation. You ask of the jobs that creates in the work it does greening at supply chain. Actually he seems to have been talking about about the need for a back door in the Iowa s though watching the one minute and sixteen seconds devoted to the topic well let me just share with you what CNBC NBC wrote President. Donald Trump on Wednesday stepped up his pressure over Apple's refusal to unlock iphones. Authorities in criminal cases apple has to help us and I'm very strong on it trump told. CNBC's squawk box co host. Joe Turner from the World Economic Forum in Davos Switzerland. They had have the keys to so many criminals and criminal minds and we can do things and and the state monopoly said it provided gigabytes of information mation to law enforcement related to the Pensacola case. But that it would not build a back door or specialized software to give law enforcement elevated access trump told. CNBC on Wednesday. They could have given us that information. That would have been very helpful. The president said he's not concerned about his relationship with Cook Oracle because the stakes are so high you're dealing with drug lords and you're dealing with terrorists and if you're dealing with murderers I don't care. Trump said so. I'm guessing breakfast. Didn't go. Great

Donald Trump Cnbc Apple President Trump Joe Turner Davos Switzerland Pensacola Cook Oracle Iowa NBC
Trump Says Bolton Is National Security Problem

10 10 WINS 24 Hour News

01:52 min | 9 months ago

Trump Says Bolton Is National Security Problem

"When president trump says he wouldn't mind if his advisors were called to testify in his impeachment trial above to look a little say he's only saying that because you know the GOP Senate won't have it and in fact in the same graph Mr trump says well I'll leave that to the Senate with that democratic house managers got down to the business of making their case after a dinner break tonight they're back at it case of a president they say he abuses his power with no accountability you need to be removed right now was not in any field joining us live now with the very latest handy Larry the present heading back to Washington from Davos Switzerland today discussing isn't Peter with reporters and saying he doesn't even want to hear from a national security adviser John Bolton even while he continues to block his testimony the problem with John is that it's a national security problem you know you can't have somebody who's at national security and if you think about it John he knows some of my thoughts and at the trial today house manager Jason crows saying that the non partisan government accountability office has already said it was illegal to withhold the Ukrainian made the president and his advisers knew it the president personally made this decision even after his own appointed advisers warned him that it wasn't in our country's interest to withhold the eight after overwhelming support in this Senate and against long standing policy even in his own administration and at this hour we're now into our number seven of the impeachment trial day one the actual arguments with Democrats are making their arguments they've got three days to do that but it is the president's legal teams turn that will happen on Saturday and we're expecting that to go Saturday in at least into Monday and then those sixteen hours of questions and then we will decide or they will decide if there are going to be

Senate Mr Trump President Trump Larry Washington Switzerland Peter John Bolton GOP Davos House Manager Jason Crows
Trump: Senate should decide on witnesses; Bolton testimony poses national security risk

Bloomberg Markets

00:37 sec | 9 months ago

Trump: Senate should decide on witnesses; Bolton testimony poses national security risk

"At the World Economic Forum in Davos Switzerland the president says he would prefer a long trial so witnesses could testify but some like former national security adviser John Bolton he says could pose a national security risk he knows some of my thoughts he knows what I think about leaders of what happens if he reveals what I think about a certain leader and it's not very positive and then I have to deal on behalf of the country is going to be very hard it's going to make the job very hard president put secretary of state Mike Pompeii in that category as well but Pompeii speaking to reporters in Kingston Jamaica says if he's legally required to do so he would be quote happy to

Switzerland President Trump John Bolton Mike Pompeii Kingston Jamaica Davos
Full interview: President Trump discusses trade, impeachment, Boeing and Elon Musk in Davos

Todd and Don

01:44 min | 9 months ago

Full interview: President Trump discusses trade, impeachment, Boeing and Elon Musk in Davos

"So president trump says he's very proud of his defense team in this impeachment trial the president just wrapped up a news conference in Switzerland where he says this trial is a continuation of an effort to life and attack him from the first day of this twenty sixteen campaign from the day I came down the escalator we've been fighting it I've been fighting it from the day I've been elected I would say probably long before it could be long before I came down the escalator that some people have said that which is hard to believe when judge it's hard to believe we've been fighting this I would rather have personally I'd rather go the long route it's horrible for our country our country has to get back to business we have people that are corrupt like Adam Schiff who miss coach I mean miss quotes makes up the statement he had no idea that I was going to release the transcripts he never thought I do that and for that I thank the president of Ukraine because we got their approval he had no idea I was going to do that but these are corrupt people some of them and some of them are just playing the political game but if you look at the poll numbers my poll numbers are the highest they've ever been if you look at the funding numbers if you look at what the money raised by the Republican Party is just set a record nobody's ever done this before it's because of the impeachment hoax there you go the impeachment hoax the president there in Davos Switzerland now the White House counsel that said Belloni he discusses quid pro quo and lawmakers have representatives from both sides of the aisle weighing in on this impeachment process you can search high and low in the articles of impeachment you know what it doesn't say quid pro quo because there

Donald Trump President Trump Switzerland Adam Schiff Ukraine Republican Party Davos Switzerland Belloni White House
Trump again blasts impeachment "hoax" before leaving Davos

First Light

00:13 sec | 9 months ago

Trump again blasts impeachment "hoax" before leaving Davos

"Washington president trump wrapping up this time at the World Economic Forum in Davos Switzerland said of the impeachment trial minutes ago it's a disgrace they talked about their tremendous case and he sold under tremendous case they had no case it's

Switzerland Washington President Trump Davos
Greta Thunberg calls for climate action in Davos, as Trump lashes out at 'prophets of doom'

John Hancock

00:42 sec | 9 months ago

Greta Thunberg calls for climate action in Davos, as Trump lashes out at 'prophets of doom'

"Over seventeen year old Swedish activists Greta tune Baird wasted little time today pushing back against president trump's description of climate campaigners as the prophets of doom will protect the apocalypse and she blamed other world leaders for not stepping up either in a speech today at the World Economic Forum in Davos Switzerland the fact that the USA is leaving the Paris accord seem to up rage and worry everyone and it should but the fact that we are all about to fail the commitments you signed up for in the Paris agreements doesn't seem to bother the people in power even the least last month trump told the teenager in a tweet to chill and work on our anger

Baird Donald Trump Switzerland USA President Trump Davos Paris
Davos 2020: Greta demands climate action but Trump blasts pessimists

Rush Limbaugh

00:40 sec | 9 months ago

Davos 2020: Greta demands climate action but Trump blasts pessimists

"President trump is criticizing environmental activists as he visits the World Economic Forum in Davos Switzerland but another delegate says world leaders are offering empty words teenage activist Greta Tom but doubling down on her criticism the world leaders ons doing enough to combat climate change while I'm here to tell you that unlike you my generation will not to give up without a fight the seventeen year old demanding businesses and governments stopped investing in fossil fuels our house is still on fire your in action is fueling the flames by the hour to book saying carbon emissions have

Donald Trump Davos Switzerland Greta Tom President Trump
Trump warns against "prophets of doom" on climate at World Economic Forum in Davos

Glenn Beck

00:12 sec | 9 months ago

Trump warns against "prophets of doom" on climate at World Economic Forum in Davos

"President trump expressing skepticism about climate change during his remarks at the World Economic Forum in Davos Switzerland he said in order to embrace the possibilities of tomorrow the perennial prophets of doom and their predictions of the apocalypse must be

Donald Trump Switzerland President Trump Davos
"davos switzerland" Discussed on WCBS Newsradio 880

WCBS Newsradio 880

03:42 min | 9 months ago

"davos switzerland" Discussed on WCBS Newsradio 880

"To fight to change that today the president is in Davos Switzerland where he's attending the World Economic Forum to Brooklyn borough president Eric Adams is receiving some heat for saying yesterday the newest new Yorkers were hijacking apartments in saying they should not enjoy the city wall quote watching the displacement of those who made this city he railed against gentrification telling newcomers to go back to Iowa go back to Ohio and saying the city belongs to the people who made it what it is Adams later tweeted let me be clear anyone can be a New Yorker but not everyone comes to our city with the spirit of being part of the city three the two officers who caught the Muncie machete attacker will be honored today in Rockland county with a distinguished service award the highest honor given by the Rocklin county legislature well if you talk trying to use the navigation apple ways to get to the Borgata hotel and casino in Atlantic city you may you find yourself getting driven off course way off course instead of the wrecking drivers to the Borgata it's taking them into the wilderness of new Jersey's pinelands Jackson township police posted on Facebook that officers in recent weeks have had to help motorists who followed the directions into the call yours mills wildlife management area where they became stuck on unpaved roads the wildlife areas about forty five miles from the Borgata police say ways is working to fix the problem well it may not always feel like it but the MTA says more and more trains are running on time demi CBS reporter Kevin ring cone has a look at the numbers the MTA says subway trains in the city showed up when they were supposed to eighty percent of the time in twenty nineteen of almost twenty percent compared to the year before city transit president anti Byford says they hope to continue seeing progress as they implement their fifty one billion dollar for your capital program the MTA also put out new numbers for metro north showing it had its best on time performance in over six years and ninety four point four percent cancellations and delays were also down for the year as for the allied double are there were positives there with on time performance and over ninety four percent the allied double our says along with the improvements they made they also benefited from less severe weather throughout the year in Amtrak's all going infrastructure renewal work at Penn station Kevin Rincon WCBS newsradio eight eighty the CBS news time ten eighteen it's time for traffic and weather together on the aids we had over the traffic center how we do have their development on a pretty good Linda if you're traveling on two eighty seven on the northbound side earlier accident by exit twelve being cleared but still seeing the delay is going back to the Seattle we still seeing some south on the lease to they're going to be doing lots of construction on seventy eight today it's east bound by exit twenty nine in Bedminster it's in the local lanes east bound by exit forty and it is also eastbound right round exit fifty five in the left lane and we are seeing the ladies right around exit fifty five because of that construction also north bound on the garden state parkway watch for some delays as you getting through the road work by one forty five the support is sponsored by Upper East Side rehabilitation and nursing center southbound side of the Hutch as you're getting past the cross county parkway there's a broken down vehicle one lane is blocked delays are also back on to the cross county parkway and what for some problems in Connecticut north bound of I ninety five between thirty nine B. and forty in Milford there's a crash two lanes are blocked right now with that accident delays continue in the Bronx on the westbound cross Bronx from the interchange getting to around Third Avenue with all the roving construction also watch for slowdowns on the southbound side of the break here swinging back out of the north bound digging through some road work southbound Egan to a slow starting right around a hundred forty fifth street Upper East Side rehabilitation and nursing center is redefining the experience of true well being by nurturing body mind and spirit in order to accomplish full recovery offering short term sub acute and long term care call two one two.

president Davos Switzerland
LIVE: Trump speech in Davos focused on economic achievements

Glenn Beck

00:19 sec | 9 months ago

LIVE: Trump speech in Davos focused on economic achievements

"Minute the world's rich and powerful or in Davos Switzerland for the world economic forum's fiftieth annual meeting president Donald trump's appearance today which comes on the same day his impeachment trial starts in Washington began with him calling the trial a hoax and disgraceful in his speech he lauded his economic achievements and said the US is quote winning again like never

Davos Switzerland President Trump Donald Trump Washington United States
Trump tells business leaders of 'spectacular' US economy

Morning Edition

00:39 sec | 9 months ago

Trump tells business leaders of 'spectacular' US economy

"President trump is in Davos Switzerland today where he's been addressing the World Economic Forum trump told the gathering of business and political leaders under his watch the US economy has been what he calls nothing short of spectacular and this despite the fact that the fed has raised rates too fast and lowered them too slowly the federal reserve raised interest rates nine times between December of twenty fifteen and December of twenty eighteen it cut rates three times in the second half of last year the nation's jobless rate is near a fifty year low at three and a half percent Wall Street continues to set record

Donald Trump Davos Switzerland FED President Trump United States
Trump blasts impeachment trial in Davos

Morning Edition

01:45 min | 9 months ago

Trump blasts impeachment trial in Davos

"President trump's impeachment trial officially opens today in the Senate and peers got Newman reports there's likely to be some wrangling first over how the trial will be conducted on Monday Majority Leader Mitch McConnell introduced a four page resolution detailing his plan for the Senate impeachment trial only the third ever against the president McConnell wants to place a time limit on arguments with the house first making its case against the president in a total of twenty four hours in up to two sessions the same would apply to the defense the Senate jurors would then have up to sixteen hours for questions whether or not to allow witnesses would be decided after that lawmakers have until tomorrow morning to offer amendments but unless Democrats can peel off at least four Republican senators McConnell's plan is likely to stand Scott Newman NPR news Washington despite the Senate impeachment trial president trump is attending the annual World Economic Forum in Davos Switzerland that is where he is touting his administration's recent trade accomplishments just last week alone the United States concluded to extraordinary trade deals the agreement with China and the United States Mexico Canada agreement to two biggest trade deals ever made they just happen to get done in the same week these agreements represent a new models of trade for the twenty first century agreements that are fair reciprocal and that prioritizes the needs of workers and families the person rather the White House says that president trump will meet other world leaders at the economic forum in Switzerland they included the president of a rock and Pakistan's prime

Donald Trump Senate Mitch Mcconnell President Trump Washington Switzerland United States China White House Pakistan Scott Newman Davos United States Mexico Canada
Greta Thunberg calls on world leaders to listen to young activists

Atlanta's Morning News

00:24 sec | 9 months ago

Greta Thunberg calls on world leaders to listen to young activists

"S. B. O. journey president trop will speak at the of world economic summit in Davos Switzerland later on today seventeen year old Swedish climate activists Greta Thunberg is already spoken she's calling for an increase in support from world leaders like she's already seeing from global citizens Cyrus and the voice of the young people this is not being it's not in the center of the conversation and we'll see where the

Trop Switzerland Greta Thunberg Cyrus S. B. O. President Trump Davos
Greta Thunberg and Trump could face off at Davos

the NewsWorthy

00:55 sec | 9 months ago

Greta Thunberg and Trump could face off at Davos

"As president. Trump's impeachment trial. Al Gets going. He's thousands of miles away in the Swiss Alps. He's speaking at the World Economic Forum in Davos Switzerland. It's an annual gathering of some of the world's most powerful business and political local leaders. And this year is its fiftieth gathering. NBC News says President. Trump's speech will likely focus on economic growth and highlight his recent trade deals with China Mexico and Canada data. It can also get a little awkward. A big focus of this year's forum is climate change so president trump might cross paths with teen climate activists. Greta Tune Berg who's also also speaking there the two don't really get along especially since trump rolled back. US policies that were meant to prevent the effects of Climate Change Fox News report. She's given trump icy stairs. There's that were caught on camera while he's mocked her on twitter forgetting Time Magazine's person of the year either way trump's visit will likely be pretty short only about two days hill likely back in Washington just as his impeachment lawyers begin their arguments.

Donald Trump President Trump AL Greta Tune Berg Swiss Alps Davos Switzerland Nbc News United States Twitter Time Magazine China Mexico Canada Washington
"davos switzerland" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 1 year ago

"davos switzerland" Discussed on Bloomberg Radio New York

"From Davos, Switzerland at the World Economic Forum alongside Kane Jonathan Farrow with futures positive and stocks overseas higher to close out the trading. Wait, the news you need to know at this hour tech shares leading the way despite week twenty nine thousand four from Intel as west pagey in those shares down around about seven percent. This after soaring seventy five percent in yesterday's session. When California cleared the utility of responsibility, the California's wine country fire of the last year or so back in twenty seven as west shares of stock. Bucks. More than three percent fourth-quarter earnings beat estimates in the key Americas and Asia Pacific regions and the pound is heading for its best week in a year following reports the Northern Irish political party propping up Theresa May's government as privately agreed tobacco her Brexit deal. Some of the stories we're looking at this morning and some of the headlines from around the world, let's get some. Thank you very much Jonathan. Thank you, John. Roger stone along time Republican strategists sent in formal advisor to President Trump was arrested in Fort Lauderdale early this morning. It comes after stone was indicted by grand jury in the Russia investigation. Stone is facing seven counts including making false statements and witness tampering to associate stone have claimed he collaborated with WikiLeaks owner, Julian Assange to discredit Hillary Clinton's campaign. Bloomberg's chief Washington correspondent, Kevin cirilli. It goes on to suggest and it pulls from a specific dialogue that portion of it. Transcript rather between Roger stone and an investigator in which he lies and says that he did not have communication with Julian Assange a person for Julian Assange person, close to Julian Assange and WikiLeaks when in fact, there are text messages that's really say that he did global news twenty four hours a day on air and it tick tock on Twitter powered by more than twenty seven hundred journalists and analysts more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg John. Thank you very much, Michael.

Roger stone Julian Assange Kane Jonathan Farrow Bloomberg John Davos Intel Michael Barr California Theresa May Switzerland Bloomberg witness tampering Asia Pacific Fort Lauderdale WikiLeaks Hillary Clinton Kevin cirilli Twitter Trump Russia
"davos switzerland" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

11:24 min | 1 year ago

"davos switzerland" Discussed on Bloomberg Radio New York

"Meetings in Davos, Switzerland. Good morning. I'm Limburg radio and Bloomberg television, turn King John Farrell as well Bloomberg surveillance here with good conversation and economics finance investment. The politics of the moment the populism of the moment as well. And we welcome all of you worldwide. John populism to me is front and center there with Madame regard. It's really in every conversation, my struggle with one aspect of this conversation. Why inevitably Tacoma center interest to the idea that will populism? It's bad that everything within populism is negative the has to be some positive forces within this Tom within this reaction. Yeah. Absolutely. There does as well. Coming up, Scott minor will join us some Guggenheim chief investment officer as well. An interview with the Canadian central governor Stephen Paulus as well really looking forward to that. That'll be coming up in the next hour. An interview, of course, in the last ten minutes with the Bank of America, Brian Moynihan, who I think has spent most of the last week, Tom basically telling people that things. Okay. He told me that actually another people share that few to things on as bad as maybe some people say on this program. Is the overlay here in you is better than major. The Bank earnings were very uneven Bank to Bank to remind ourselves moynahan like Redel, yo here is taking a victory lap at least on acute four losing lesser doing. Not just chief fullest take stock of twenty. Eighteen for money, the big banks on Wall Street, some the endings book, right? The stock performance less side. It was difficult to reconcile the two things. And the reason being Tom as we look forward to twenty nineteen a lot of people are sitting here saying, okay, yes, earnings were solid. Twenty nine hundred is going to bring what twenty twenty it's going to bring that downturn possibly about possible. Downsides might looks like it's been measured as well. I mean, the idea of a downturn or the idea of a recession I'm going to give the people your credit for being maybe a little less Sterckele about it than what we saw back in the studios in New York. Yeah. I think what's become clear the end of twenty eight hundred and we have this real fair amongst market participants in economists ally, the maybe it was twenty six again, a real profound growth fair waking up in twenty nine. You don't get that sense that it's not drastic at least compared to twenty six. Sonnen. Kennedy dropping by the studio to join us. Do you get that sense as well Simon that maybe things on as bad as early twenty six thousand weather was this real fear out there for the global economy? Yeah. And I think that's the lesson if it's a lesson or if it's a misguided advice from the Davos consensus is that they're not quite sure how we get from where we are now fatty robust growth, obviously, amazing employment data in the US tourist session. What that is. And so when you talk Jay frankly yesterday was talking about by the hysterical reaction to whatever you got a bit of a slowdown somewhere. Everyone starts shouting recession in the theater, and that's not necessarily the case. They call it quite up route that the health check is a decade ago eleven years ago this same crowd didn't see the pending crisis. There's a big difference between now and sixteen and now a decade ago as well Simon actually brought and I talked about it a little bit. It's the policy response and the capacity to some of these countries some of these regions have to deliver a policy response by fiscally. And it sounds a monetary policy as well. Who's looking good who's looking bad? So big questions for the tomorrow. The the language coming out to the drug druggies that this is all within the within the road that he's laid out and overseas got forecast the rate hike by the end of the year, but it's still got four guidance that it's possible after the summer the beach party going to walk a tight rope Tobar, but may become be a bit more dovish without rolling themselves out, obviously marriage ATI might not be demand to to raise rates jerem pilot. Federal Reserve has to some extent successfully recalibrated, his his model not this himself others on the fed talking about a bit of patient March coming out as a as an unlikely date for for the fresh hike and enrich mellow talking today about how the fed scrap Lynnwood with its balance sheets as well. So good store on Bloomberg for that. Kennedy. On the global economy. Now, Dan will catch up with Simon. Bloomberg saving bloombergradio looking ahead to president. Mario Draghi looking back a little bit. Now, we spoke to Bill Gates who wants that wealthier countries could overlook house. Funding gates, of course, is the co founder of Microsoft and chairman of the Bill and Melinda Gates Foundation. Are put over ten billion into those efforts. Now overall, it's one hundred billion most of moneys come from the foreign aid budgets, and so she said a lot of what we're saying here at Davos is. Let's look at that track record. Let's look at the concept learning that's taking place, and despite all these distractions let's maintain that commitment because we can get even further the replenishments for those two funds or coming up over the next year. The first one global fund is in October and France and. Any time. Somebody looks at this particular thing go and see the work there enthused. So I think we will avoid the fact that it's far away. The fact that there's other things we'll avoid this getting overlooked. Is there a worry that actually this gets overlooked, and how do you pitch to investors? If you have innovation this is what can help the poor of the innovation through medicine, what kind of advice, and it's better if you have returns, what kind of advice, would you give to investors? How do they do good without losing money? Well, in a lot of these cases, these are grants, you're not gonna get a direct return. Now the economic benefit because you have kids surviving participating that Konami. You have them be very healthy the returns overall are fantastic. We had some people going and look at it. And it was over a twenty to one return, but that's not coming back in the form of a dividend. That you're taking countries that are not stable were lots of kids up to fifteen percent of the kids die before the age of five, and you're helping lift them up so over time like India or Nizhny Vietnam, they graduate from being a recipients, they participate in the world economy. And you get the stability that means that you're not going to have to go expend defense resource there. You're not going to have a pandemic there because their health system all kept sadder, leeann stop it before it spreads. So with the right perspective, which is a long term perspective. These are very impactful, in fact of all the dollars the government spend, I'd say you're not going to be saving lives for less than a thousand dollars per life except in this area. Go gates of Microsoft co-founder, of course, and chairman of the Bill and Melinda Gates Foundation. This is always a joy and a number of ways to speak with Steve with Bain capital associated with small basketball team up in Boston as well. Truly one of the most interesting guys in investment in America wonderful to have you here today. And you're like this is Tom Brady, or Mr. whatever he is a slave for fashion here in Davos valley, Steve Canada goose, and it's a newer coat. And you're you're the brand ambassador this year. That'd be great. I love the company and the CEO Daniel he's done a great job on our team. And it's now a worldwide global company, it's fitting to where this it's actually the first time I was ever warm at Davos his cO endorsement there as well. But I want you to explain your pixie dust when you go into a company, and you don't tear management apart. You don't blow it up you assist them to branding revenue and operating income success. Give us an example with candidate. That's a great question time. I go back to the founding of Bank capital. We're very unique at it was still unique where you're unique at the time because no other private equity or venture capital shop spawned out of a consulting firm. So the theory Bill Bain had was you could take the consulting skills that were building companies long-term buy them directly work with management says as kind of a tool for management to help build those companies so that was thirty five years ago, and at the time, no one thought that would work it took two years to raise thirty six million dollars this laughable, these two years, and I think only one. Institution wants smarter Bessemer put money in my closet home. John Farrell is loaded with Canada goose. Let's how did that. Let's talk about. What's changed back? Then it was how to raise capital it was easier to deploy. It is easy to raise capital. It's harbor lawyer. So how do you deploy it right now? It's back back to Tom story. What we've done in situations numerous times three years like Canada goose we first met a great entrepreneur. He wanted to take the business global. He was from Canada and had been a great business up there. We have a great retail consumer team led by Josh Beckett Stein. And the Ryan cotton, and we laid out a vision on how we can help them get global how we get help from getting into storefronts how we could help them with the supply chain how we could bring a retail playbook to make this be large global company, and he really liked that idea. And so he kept a lot of the company and we bought about sixty percent of the company at the time. And now the company is a is a multibillion dollar company global the plan has come to fruition. He's still running. Yeah. It's so bad vet Bill has candidate trumps my kids. Dog canada. Jess. You guys recently took the Harvard University's real estate portfolio of people raised some eyebrows. And thought a real estate portfolio now this late in the cycle. Why it was a great match. We had been looking to get into real estate for probably thirty years. I was on a project three years ago to look at it. And we never thought it was the right time the cycle because it's gone up and down Harvard had an issue where they decided they were going to outsource investment management. Not doing it. Internally the Harvard group had a very similar philosophy that we have been capital really add value look for unique product line. So they the group over there was focusing on medical offices folks have the biotech industry, we saw a lot of growth have profited that doing that selectively there only three miles down the road. So this was seamless transition one day were at Harvard all twenty people came came to Bain capital. We understand real estate. We have all companies that need real estate, and this niche strategy we felt could kind of power through the potential recessionary approach real estate of question. Why are you excited about deploying? Capitol right now going back to the point that you can raise capital great, but deploying its challenging west the big opportunity right now for you what excited about well. It's really challenging right now since the markets have been topple that we've seen a little bit come down on this month's. But I've talked to you guys from in the eighties nineties to thousands. And every time I literally in all those years you every question is too much money chasing too few deals. So what really is happened globally as private equity has gone global? It's a model that works certainly the Bank capital model with vertical markets and helping management teams grow. You just got to be selective selective is the key. Now for the tension of Davos Rams are patriots. Absolutely patriots. Surveillance break we're going to get the headline across the bottom of the of the story. It has been a great twenty year. Here we go. This will.

Davos Tom Brady Bloomberg Harvard University Simon Canada John Farrell Melinda Gates Foundation Kennedy John populism Microsoft Bill Gates Stephen Paulus chairman Tacoma center Switzerland Bank of America
"davos switzerland" Discussed on AP News

AP News

02:18 min | 1 year ago

"davos switzerland" Discussed on AP News

"To Davos, Switzerland. And the World Economic Forum because of the partial government shutdown this day twenty of the shutdown federal workers have had a rally in Washington. This is union official. Randy Irwin anymore. Never in the first place. Ruining people's lives. The AP saga megani reports. The impact of the shutdown is now hitting Bank accounts tomorrow is federal payday, but more than eight hundred thousand federal workers will not be getting checks asked about their suffering, President Trump steer the conversation back to immigration human pain. The parents. Children killed by the legal immigrants that you've never been in the country. Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers. To cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy generally does not reflect much damage from his down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data free clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for re Mary for retailers. The sales numbers are in. They weren't good. Macy's shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the F B I should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day.

President Trump president Federal Bureau of investigatio President Tom O'Connor Washington federal government Washington Federal Reserve Davos AP Jerome Powell Randy Irwin Switzerland White House Nancy Pelosi official Macy
"davos switzerland" Discussed on AP News

AP News

02:21 min | 1 year ago

"davos switzerland" Discussed on AP News

"Trip to Davos, Switzerland. And the World Economic Forum because of the partial government shutdown this day twenty of the shutdown federal workers at a rally in Washington. This is union official. Randy Irwin anymore. Never in the first place. People's lives the AP saga megani reports. The impact of the shutdown is now hitting Bank accounts tomorrow is federal payday, but more than eight hundred thousand federal workers will not be getting checks asked about their suffering President Trump steer the conversation back to immigration. The parents of faithful. Children killed by the legal immigrants that should have never been in. The Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Gary rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers to cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy, generally does not reflect much damage from his shut down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data pretty clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for Mary for retailers. The sales numbers are in. They weren't good Macy. Shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the FBI should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day that FBI personnel will not be getting a paycheck..

President Trump FBI president President Tom O'Connor Washington federal government Washington Federal Reserve Macy AP Davos Jerome Powell Randy Irwin Switzerland White House Nancy Pelosi official
"davos switzerland" Discussed on AP News

AP News

02:21 min | 1 year ago

"davos switzerland" Discussed on AP News

"Trip to Davos, Switzerland. And the World Economic Forum because of the partial government shutdown. This is day. Twenty of the shutdown federal workers have had a rally in Washington. This is union official. Randy Irwin anymore. Funny in the first place. People's lives the AP saga megani reports. The impact of the shutdown is now hitting Bank accounts. Tomorrow is federal payday, but more than eight hundred thousand federal workers will be getting checks asked about their suffering, President Trump steer the conversation back to immigration human pain. The parents of children killed by the legal immigrants that you've never been in. The Democrats are bashing his lack of empathy for Americans who won't have money for necessities. Gary rent payment, their car payments house speaker Nancy Pelosi took a shot at the president's own upbringing in saying they may not have the same luxury. He did these people cannot go to their fathers to cover their payments. Saga megani? Washington. The president is in Texas near the Mexico border speaking in Washington Federal Reserve chair Jerome Powell was asked about the economic impact of a partial shutdown the aggregate level the economy, generally does not reflect. Much damage from shut down a longer shutdown. Is something we haven't had if we have an extended shutdown than I do think that that would show up in the data pretty clearly before he left the White House today. President Trump said he did not know anything about allegations is former campaign chairman Paul Manafort shared polling data during the two thousand sixteen presidential campaign with a business associate accused of having ties to Russian intelligence Christmas wasn't very many for re Mary for retailers. The sales numbers are in. They weren't good. Macy's shares are taking the biggest hit on Wall Street. This is AP radio news. The partial shutdown is having an impact on the Federal Bureau of investigation. The FBI agents association says the partial shutdown of the federal government is affecting bureau operations in a petition sent Thursday to the White House and congressional leaders the association urges that the FBI should be funded immediately in a conference call with reporters association. President Tom O'Connor noted that Friday will be the first day that FBI personnel will not be getting a paycheck..

President Trump president FBI President Tom O'Connor Washington federal government Washington Federal Reserve Jerome Powell Davos AP Switzerland Randy Irwin White House Nancy Pelosi Macy
"davos switzerland" Discussed on BizTalk Radio

BizTalk Radio

02:30 min | 2 years ago

"davos switzerland" Discussed on BizTalk Radio

"Business now stood jailer good morning you're in the middle of the on certain hold on for second in all geelong's it's tough to stop now he's the teas my mother i era the edge just a phenomenal relationship with my parents people say well what happened on the dockside when you grew up absolutely nothing what kind of problems did a my parents have with my brother anay other than the fact that i was a troublemaker no problems today it's every other person while the you know there is what happened when i anyway enough about my perfect life and a little more about um a little more about the speech that i saw this morning i i was fortunate enough i wasn't aware of the time that it was on it but i was fortunate enough to flick on the tube and she trump give his speech live at davos switzerland now when trump gives a speech if he doesn't start with personal attacks and insults if he can get there was speech without that who i think a lot of us interest condition to say it was a good speech goma happened a watch it on msnbc only because i wanted to see the suddenly turned genius in every area and his iranian goodness i always like joe scarborough you so nice to me uh scarborough was making comments are the speech and you could sense the frustration because he really couldn't find anything wrong with the speech you know you're always searching camps sanders per is a mile here's what he or she did rogge clunky w if with it was it was a fine speech it was given to a way of a bunch of um guys guys glowing heidi air or a lot of billionaires in the edsa companies don't cake and he made a key statement and they are there registered was the clarification first of all there was nothing nothing wrong with his inaugural speech when he said that it was putting america first i thought that was wonderful he didn't finish the sentence every country should put themselves first he if he and he's found out that unless.

geelong msnbc america davos switzerland joe scarborough rogge
"davos switzerland" Discussed on KQED Radio

KQED Radio

02:22 min | 2 years ago

"davos switzerland" Discussed on KQED Radio

"Chance what was with the social democrats if this doesn't work then gemini will be faced with two very big and very controversial options one option will be a minority government led by and get on local something that she certainly doesn't favor are the second option would be fresh elections something that even even seems worse for angela merkel an uneven for social democrats as well new election this summing that basically no politician enjoy germany would like so for anger merkel it is certainly very good and i think although she wasn't in bonn on sunday she certainly felt relieved when she saw that vote in favour of those coalition talks between the spd and the conservatives and i was talking there to thomas sparrow de wsb political and security correspondent in berlin will germany's post election limbo also has ramifications on a european level with germany being a key member state of the eu and chancellor angela merkel somewhat hamstrung these past four months many important policy decisions regarding the block at being put on hold the french president emmanuel macron has been quick to fill the vacuum with ambitious and controversial proposals for eu reform including a joint eurozone budget and finance minister on wednesday the veteran merkel and rookie mccraw spoke at the annual world economic forum in davos switzerland my colleague andres becker was there and i asked him how the two leaders compared will most of all there was a difference in style merkel was her usual self me an utterly unspectacular rational analytical spoken german throughout his which to a onesentence in english when she stated this year's motto creating a shared future in a fractured world and she kept it very short twenty minutes macron the other and he talked for one hour half of it in english and the second half in french in the correct the joke to started off he was flamboyant energetic and that all the qualities of a showman trying to capture his audience and the order reacted by applauding several times and the english part was clearly directed it was not a press conference neither of them were press conferences they were talks in the forum and so the eu part was clearly directed to present my call himself as a reformer and the visionary and a.

angela merkel bonn eu emmanuel macron mccraw davos andres becker germany thomas sparrow berlin chancellor french president finance minister twenty minutes four months one hour
"davos switzerland" Discussed on World News Tonight with David Muir

World News Tonight with David Muir

01:54 min | 2 years ago

"davos switzerland" Discussed on World News Tonight with David Muir

"Appearing before a gathering in davos switzerland of some of the world's richest and most powerful the president took credit for an american comebacker is america is open for business and we are competitive once again but his message was overshadowed by news back home a report first in the new york times that last summer he had sought to fire special counsel robert muller fake news fake friend jeffrey gold new york times big story presidential denial but a story confirmed by abc news that the president sought to have mother dismissed in june just one month after he was appointed to the job so why didn't happen according to the times white house counsel don mcgann refused to ask the justice department to carry out the president wishes even threatening to quit himself the president's desire to push muller aside wasn't exactly a secret at the time chris roddy a longtime friend of the president's went public warning him not to do it i think he's considering perhaps terminating the special counsel i think he's he's weighing matt option i personally think it would be a very significant mistake couple of months later trump denied even thinking about firing moller i have given it any and some of the president's top aides denied it too is that discuss fire that malaysia the new york times reports trump even that come up with a rationale for firing muller a list of three alleged conflicts of interest including the fact that muller had come to the white house the day before he was named special counsel to talk to the president about returning to his old job of fbi director over the summer the president fumed about that in an interview one dejan.

davos fbi malaysia trump chris roddy abc jeffrey gold robert muller america switzerland director white house moller special counsel don mcgann york times new york times president one month
"davos switzerland" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:35 min | 2 years ago

"davos switzerland" Discussed on WBZ NewsRadio 1030

"The news watch never stops the news watch never stops wbz news time ten o'clock beautiful sunshine right now twenty three degrees in boston good friday morning january twenty six i'm teeny gal wbz news and here's over following in the wbz newsroom president trump is at the world economic forum in davos switzerland here today to represent the interests of the american people they concerns from a local family to wait of old after being discharged from hospital someone should have been with him and a local politician tapped to deliver the democrats response to president trump's state of the union next tuesday wv the accu weather study unseasonably chilly this afternoon aww west wind a high around 32 tracey jockey on wall street dow does appear records again the dow at eighty four points the bloomberg business report is coming up president trump is speaking to business leaders at the world economic forum in davos switzerland today he touted his administration's successes and lowering corporate taxes also reducing regulations as a big incentive for foreign investment in the us trump address world political leaders in a group he offer to make new trade deals with countries previously part of the trans pacific partnership and even said he would be open to a multilateral deal based on america first policy america first does not mean america alone one of the united states grows so does the world and the president's first state of the union address is tuesday night at nine o'clock we will carry it for you live right here on wbz will also carry the democratic party's response to president trump's state of the.

boston davos trump wv dow us america president democratic party bloomberg switzerland twenty three degrees
"davos switzerland" Discussed on KKOB 770 AM

KKOB 770 AM

02:12 min | 2 years ago

"davos switzerland" Discussed on KKOB 770 AM

"In davos switzerland promoting the us and tuck economics but about forty two hundred miles away in washington d c a new revelation emerges about the russia investigation president trump is talking economics at the world economic forum on friday chief economic adviser gary cohn says when the us does well everyone else follow suit as america grows the world grows it's good for the world to grow we benefit when the rest of world growth in the rest of the world benefits when america gross back in washington dc there is a new revelation in the russia investigation cnn confirms that president trump wanted to fire special counsel robert muller last june i'm john lawrence reporting the albuquerque police department says it thinks it knows who stole too expensive bertram in northeast sites pet store saturday evening arrest warrants have been issued for two brothers from los lunacy fortyfour your old daniel have yacht eduardo and madondo edwato whose thirty nine the albuquerque journal reports of value of the birds around five thousand dollars journal says both men have been at numerous felony charges filed against them in the past up in santa fe house build one 80s destined near designed rather to put more money in the classroom and less for school district administrations it's supported by think new mexico for nathan is the group's executive director tells us that bill will also reduce the number reports district have to file each year with the department of education freeing up money for classrooms that would make it so that these districts don't have to have all these people just to fill out reports he says the district will simply send data to an advance data collection system where it could then be analysed by the pd lawmakers got more money to work with as aicraft to budget up in the state legislature new revenue figures released yesterday show just over two hundred ninety two million dollars in new money as about ninety three million dollars higher than a month ago so what's the source of that new money the answer oilproduction albuquerque journal reports they were 38 active oil rigs in the state last year that numbers up now to eighty two new money has revenue not already included in the state's six point one billion dollar budget the grammys are back in new york for the first time in fifteen years a look at some of the top categories among the most watched of the.

executive director santa fe albuquerque journal special counsel cnn washington america economic adviser president russia new york davos nathan mexico eduardo daniel albuquerque police department john lawrence robert muller us gary cohn trump two hundred ninety two million ninety three million dollars five thousand dollars one billion dollar fifteen years
"davos switzerland" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:54 min | 2 years ago

"davos switzerland" Discussed on Bloomberg Radio New York

"New prime minister last week party leader live you drag me is going a step further now saying people targeted an active corruption probe may join in new cub government and you cabinet that is set to be revealed today global news 24 hours a day powered by more than 2600 journalists and analysts in more than one hundred twenty countries i'm i'm sandra kilholf this is bloomberg flouting coverage from the world economic forum in davos switzerland now that's continue coverage from the world economic forum in davos if we cross crossover live to the swiss alps where bloomberg's has linda in is standing by with a guest a very good morning has linda good morning from davos were excited here because we're waiting the speech from president trump in the meantime though as you said i have a guest year charles other arpu boy from roland berge raise the ceo they're good morning good to have you with us now this has been so much optimism is almost like the stars are aligned everybody so optimistic about the future nobody's talking about the risk yes all started on monday with the imf saying we're going to have the best you're ever in eight years for the world economy and then since i've been here for the the week is for me the great convergence commenters of government take people company on a great yard eighteen rather optimism there are some ways because you said complacency now surely that must be a risk when everything is skyrocketing we're talking about all sorts of assets across assets especially the markets there is this complacency and that's what voters down for as low financial crisis i think the first thing we have to understand the photo booth risk is that it seemed the world has become more agile able to sustain systemic risk problems that we've seen the brick seat because of regulations nuggets because the the world has become more align as you said on the.

prime minister sandra kilholf davos bloomberg roland berge ceo imf financial crisis switzerland swiss alps president eight years 24 hours
"davos switzerland" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:54 min | 2 years ago

"davos switzerland" Discussed on WNYC 93.9 FM

"Horsely and bear news davos switzerland a bipartisan group of mayors say they're concerned about a justice department request to add a citizenship question the upcoming census and 2020 and bears haunted along reports local leaders say their worry that kind of question would affect the accuracy of the next national headcount in a letter to the census bureau the justice department has said it needs a better account of citizens old enough to vote in order to enforce part of voting rights act let's speaking at a meeting of the us conference of mayors the mayors of houston baltimore newark new jersey and mesa arizona all denounced the requests for a citizenship question he samir syvestre turner said that kind of question would increase the dear within immigrant communities he's already seen because of increased immigration enforcement we're gonna have to really get into these communities with people and organisations that they have come to trust in order to get the information the questions for the 2020 census are due to congress by the end of march on z long npr news washington the senate judiciary committee is wrapping up its investigation into the meeting between russians and president donald trump's campaign in june of 2016 but he had trump grassley singh wants to work out an agreement would democrat dianne feinstein of california to allow for the release of transcripts from interviews with donald trump junior and others who attended the meeting part i think there's a couple of people still want to go through their transcript at and then i think there has to be experts go through it uh that would be if there needs to be thing to be redirected uh and then the next staff is let the public can have access to it grassley said he hoped to be able to interview jared kushner trump's soninlaw who also is at the meeting or the i was senators as chances are that were called shot after find signed released a transcript from another interview conducted as part of the washer probe even four fights and big profits were many of the major airlines airline stocks were being pushed lower for second day investors are concerned the airlines or expanding too rapidly on wall street the dow is up one hundred forty points.

davos voting rights act arizona senate judiciary committee president grassley singh california Horsely us houston baltimore newark samir syvestre turner donald trump dianne feinstein jared kushner
"davos switzerland" Discussed on PRI's The World

PRI's The World

01:44 min | 2 years ago

"davos switzerland" Discussed on PRI's The World

"And donald trump actually connect with these people in davos switzerland so last year it dollars was held in the middle of trump's inauguration and one of the story that i reported from here then site at a closeddoor meeting of bankers and other elite people wear the overwhelming bake elites great again so while publicly there might be some derision i think the people at davos in general we'll support somebody who's good for their bottom line some of the politicians who are here depending on their country and their position might have a difficult time with trump but i think in terms of the financial elite as long as they're doing better off because of trump's policies but i don't see why they what's up tim so what is the buzz a doubles this year what's on everyone's mind oh my god every other thing is cryptocurrency or bitcoin's a rich people are officially obsessed with choline and blocked change those are by far the biggest but it's words this year marion for our listeners who don't get it and that includes me can you explain blockchain's and like ten words allow us now i can't i'm trying to learn the mystery miriam elder for buzzfeed thanks very much for your time thank you are a explaining blockchain's it's kind of like diving off the 10meter platform where here so we might as well try to do it the best analogy i think he has to consider this the internet of money that's andrey is enter novelists he's the author of two books on virtual currencies it works with the collaboration of multiple participants but noone is in control of the system itself so we call that featured decentralisation so how does the blah.

davos tim blockchain donald trump switzerland miriam elder buzzfeed andrey 10meter
"davos switzerland" Discussed on KBNP AM 1410

KBNP AM 1410

02:02 min | 2 years ago

"davos switzerland" Discussed on KBNP AM 1410

"Several corruption cases but according to opinion polls he remains the front runner in october's presidential elections but if found guilty today lula's presidential ambitions will be curtailed germany's afd party has claimed the chairmanship of parliament's budget committee and named a eurosceptic to head the key panel in the bundestag peter bellingham was nominated by his alternative for germany's is in keeping with tradition that the biggest opposition party heads the committee the road is crucial as it has the power of the pas under say in germany's euro era policy and donald trump will host the french president imata mccall in late april according to a past and familia it would mark the first state visit hosted by the us president since in it since his inauguration just over a year ago global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm alkas kalsan this is bloomberg now coverage from the world economic forum in davos switzerland let's carry on the conversation that we have goals coming out of davos date two of the world economic forum and the blue booked a bloomberg team in the swiss alps continues to speak with industry leaders early this morning ubs chairman axel veba joint francine ally caught in conversation she began by asking we'll cryptocurrencies because force that investors stand up and look at in the markets take a lesson i think for a long time these developments uh cryptocurrencies have been too small to really metaphor the regulators now they are making their way into retail you talk a lot of private clients who look at the phenomenon look at it favourably because at any investment that goes up in price gets the intention of investors but i think the regulators have to now start zooming in fuel retail investors invest in the race and we very clear we don't trade in bitcoin we don't expose retook lines to bitcoin investments but because we fear that in the future investments implode any if the market corrects the.

francine ally axel veba chairman ubs swiss alps french president donald trump afd germany retail investors presidential elections davos bloomberg president us imata mccall peter bellingham parliament lula 24 hours
"davos switzerland" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 2 years ago

"davos switzerland" Discussed on Bloomberg Radio New York

"A good morning judges in brazil are today hearing an appeal against former president lula da silva's sentence of almost ten years in prison for corruption and money laundering the case as part of operation call wash which has implicated karam president michel temer and also the former president dilma rousseff lula faces several corruption cases but according to opinion polls he remains the front runner in october's presidential elections but if found guilty today lula's presidential ambitions will be cut tailed germany's afd party has claimed the chairmanship of parliament's budget committee and named a eurosceptic to head the key panel in the bundestag peter bellowing out was nominated by his alternative for germany's caucus in keeping with tradition that the biggest opposition party heads the committee the role is crucial as it has the power of the pass under say in germany's euro era policy and donald trump will host the french president amara mccoy in late april according to a pass and familia it would mark the first state visit hosted by the us president since in it since his inauguration just over a year ago global news 24 hours a day powered by more than twenty seven hundred journalists and analysts in more than 120 countries i'm alkas kalsan this is bloomberg now coverage from the world economic forum in davos switzerland let's carry on the conversation that we have ghosts coming out solve davos day two of the world economic forum and the blue booked a bloomberg team in the swiss alps continues to speak with industry leaders early this morning you be as chairman axel veba joint francine likewise in conversation she began by asking will cryptocurrencies because force that investors stand up and look at in the markets take a lesson i think for a long time these developments cryptocurrencies have been too small to really metaphor regulators now they are making their way into retail you talk a lot to private clients who look at the phenomenon look at it favourably because at any investment that goes up in price gets the intention of investors but i think the regulators have to now start zooming in fuel retail investors invest in the.

davos axel veba chairman swiss alps french president donald trump afd germany karam money laundering retail investors brazil bloomberg president us amara mccoy parliament presidential elections dilma rousseff lula michel temer lula da silva ten years 24 hours
"davos switzerland" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:19 min | 2 years ago

"davos switzerland" Discussed on Bloomberg Radio New York

"The 2014 umbrella move protests global news 24 hours a day powered by more than 2600 journalists and analysts in more than one hundred twenty countries i'm sandra kilholf this is bloomberg now coverage from the world economic forum in davos switzerland now one of the biggest ourselves on the planet is turning a corner when it comes to profitability that's according to the eba chief exective dollar costa shaw shahi bending the company's financial trajectory of the red there would be a pretty dramatic shift for the global wide hailing service which has been losing billions of dollars per year now bloomberg's editor in chief john nicholls away spoke to calls for shy at the world economic forum in davos have a listen for corpus and suraj sharing both us can be profitable within three years we will continue to make very aggressive investments and building out autonomy because we think that's a terrific opportunity ability is not a is not a goal but wall trump growth is so we will looked at bells nearterm profitability but as a company we i will always be a company that makes big bold baths and takes big risks to what extent they do you think that drive to become profitable fights against a little bit of this cultural change if you want to make you talked about making money but not at all costs due to those two things laura guys i don't think that profitability and culture other issue it it's the company in the past was willing to make tradeoffs as it related to how we did business uh and and i think was was was guilty of hubris was guilty of of thinking that they knew better than others and and i think that what we know now clearly is that breakneck growth can hide uh uh cultural issues uh that there are no excuses for not doing the right thing and that you do have to make tradeoffs and and as a management team were specifically talking about those trade off the you have to make uh we have to be a little more patient sometimes because working with governments regulators it cetera sometimes takes longer but in the end you build a more lasting business uh and so we may be will we.

sandra kilholf bloomberg davos switzerland eba editor in chief john nicholls three years 24 hours