As nbc confirms a report that the president ordered Robert Mueller fired, but backed away when the white House Counsel threatened to quit. Im willem marx in london. Lvh shares beat expectations for the Fourth Quarter as Chinese Shoppers buy more handbags and champagne. And shares in swiss fragrance and fragrance manufacturer rise in net profit and a planned hike for its dividend welcome to street signs. We are awaiting President Trumps speech later today, but the president ahead of that speech telling cnbc that he would consider rejoining the Transpacific Partnership speaking to joe kernen in davos, he said he was here to negotiate. I like bilateral because if you have a problem you terminate. When youre in with many countries like with tpp, so you have 12 if we were in, you dont have that same you dont have that same option right somebody asked me the other day if i would do tpp. Heres my answer i would do tpp if we had a much better deal than we had. The deal was a horrible deal nafta is a horrible deal, were renegotiating it i may terminate nafta, i may not. Well see what happens so you might reenter are you opening up the door to reopening tpp or im only saying this. I would do tpp if we were to make a substantially better deal the deal was terrible. The way it was structured was terrible if we did a substantially better deal, i would be open to tpp the president also gave the greenback a boost saying his treasury secretary, Steve Mnuchin, was misunderstood i think they were taken out of context i read his exact statement ill tell you where i stand, which ultimately is very important. Number one, i dont like talking about it because frankly nobody should be talking about it it should be what it is. It should also be based on the strength of the country. Were doing so well. Our country is becoming so economically strong again, strong in other ways, too, by the way, that the dollar is going to get stronger and stronger and ultimately i want to see a strong dollar. Secretary mnuchin reiterating that he believed a stronger dollar was better in the longterm. There are benefits of where the dollar is and costs of where the dollar is depending upon which side of the table you are on im focused longer term where the dollar is. Let me be clear, the treasury puts out a currency report where we comment on other peoples intervention, we work closely with the imf what we dont support is people who try to fix curren currencies we support free and flowing currencies were a very open economy, so i would argue maybe even a more open economy than the u. S. In terms of percentage of trade in our gdp. So were we are affected by currency movements both ways and well have to wait and see what happens during the course of the year. The biggest risk we have in the system is not a shift upward of interest rates, but a total flattening of the yield curve to possibly an inverted yield curve. Thats much more destructive weve seen a huge tightening now, 30 basis points now thats one thing that i spend more time focusing on, not the absolute level of interest rates. President trump ordered the firing of special counsel Robert Mueller last june, but he backed down after white House Counsel, done mcgahn, threatened to resign rather than carrying out trumps demands. Thats according to a source with firsthand knowledge telling nbc. Mcgahn told officials that dismissing mueller from the Russian Investigation would damage trumps presidency. Coming up today, you will not want to miss that sitdown. Joe kernen sitting down with the president. Thats at noon local time. You can also see the president s speech the president s speech to delegates here at the World Economic forum, that kicks off at 2 00 p. M. Local time. World leaders in davos used the days ahead of President Trump to talk about the virtues of globalization karen joins us to talk about what the Prime Minister of estonia is saying. I think this meeting in davos is split between those who see themselves addres friends of trp and those far apart from some of his messages, particularly around America First when it comes to estonia, interesting country geographically, right on the border with russia lots of tensions at play the allies and the americans have a fairly decent force on the ground as a deterrent to the russians so theres been strong active engagement with the likes of estonia and america at this point. If youre looking for a friend of trump, its from estonias perspective. Quite in contrast to nato, where there has been Strong Language to spending limits by allies in nato so i spoke about some of the pressures here, whether the u. S. Is still actively engaged in leadership around defense, trade and social goals take a listen to his perspective. For us its very important. Our relations between United States and estonia, these ties are very strong. Very strong in security and defense. We have today strong bilateral relations, also under nato we have the troops in estonia from united kingdom, denmark and also from france i think it is important to have also very strong cornerstone between European Union and between the United States and nato i think that this is the most important thing today. I want to talk about the force in your country. Theres been much consternation about what trump means to do with nato. At times he used it as a punching bag, particularly over spending commitments by allies when you see whats happening on the ground in your country, drills by troops, active engagement, tanks on the ground, is there a different messaging by trump and nato by your country . I think the message is concrete, there are 29 member countries in nato, they would like to live in peace, thats our message to the world the second part what is important to fight against the terrorists, what is also one important subject inside nato, im glad that this time we could find more and more this kind of ties and bridges between the European Union and nato if we are talking defense and security we have not mentioned the word russia yet. But there are tensions around your country an russia how important are the u. S. Troops to deter the russians estonia and russia, they are neighbor countries if we are talking about relations people to people, i could say theyre normal, and thats good. Also we have very strong cultural relations but if we are talking the relations between the political level, of course it is quite hard question. Because estonia stands very strongly behind the sanctions, behind minsk agreements, these are important, most important questions for estonia and also for the rest of the European Union. How would you describe eston estonias relationship with donald trump would you say hes been a solid friend so far . Like i said, we have very strong relations between United States and also with the president of the United States last year the speaker from the United States visited estonia. For example, Vice President , mr. Pence, was in estonia last year. These are concrete and very strong signs for the rest of the world. Given the presence of american troops on the ground in your country, are they welcome to take part in your Independence Day parade, the military parade next month all the troops from different countries, under nato, European Union countries, they are welcome to take part in our parade we have also police in estonia from italy, all our friends are with us on the 24th of february. Populist politics swept through the baltics as well as across europe. You are battling politics from the left and the right what is the answer for your country . Our answer is today is the most important thing if were talking to the European Union to keep this unity, to go forward with the European Union, to make it more safer, a more better place. Of course we have today also brexit, but im sure we will also find a solution here. What is the answer on migration . Theres been an outcry over just a small number of migrants coming into estonia. Does that mean you have limited ability to work with the europeans on quotas and the overall numbers of migration in europe i think theres two dimensions one is solidarity, if were talking borders and how we support, for example, africa and African Trust fund and the second i mentioned is what is the solidarity inside the European Union for us sol dare idarity is the important thing. We must find solution about migration as well. Im sure during the bulgarian presidency we will go forward and find solution. Today i could say its maybe the most important and difficult topic. Lets be clear, are we talking about less migration in estonia . Estonia takes the refugees. For example, from greasece, fro italy, but much more important is how we can solve these roots. Why the people are moving away from their homes if the answer is that they dont feel secure, there is war and so on, that is the root thing where we could find a solution and i think its very important thing also to support African Trust fund as well the Prime Minister there of estonia talking to me. I think whats coming through in the interview is tackle the migration issue, the refugee crisis at source dont bring in large amounts of migration and make it a european problem. This has been cropping up through germany. After a huge influx of migrants, it became an issue in estonia they took a handful of migrants at one point, then there was a huge outcry from the far right. When you talk about populist politics thats coming up in estonia but also across the baltics. Huge challenge for the europeans to solve this issue of migration in 2018. Migration one of the key issues they have to deal with. One other thing estonia is known for is how advanced theyve become in digitizing the country. They had an aggressive effort here a lot of speculation on whether they could issue their own Digital Currency as well did the president talk about that i asked about scoin and whether it was coming. He steered around it and wanted to talk about every other effort theyre making in digital. They pushed for the idea of a Digital State across europe. But he said estonia itself has strengths in Artificial Intelligence, this is at the forefront of some of the changes taking place in Artificial Intelligence some think if you own Artificial Intelligence, you own the future when it came to scanoin, its h same thing that other banks and regulators are struggling with, how do you execute on this and not create financial instability. If it happens, it will have to be linked to some currency, potentially the euro so all sorts of thorny issues. Its just one of those discussions that so many countries are dealing with the Artificial Intelligence thing, a discussion you had throughout the week. Looks like theres a huge race going on globally and people are looking to estonia its a new arms race when it comes to Artificial Intelligence it tackles all issues, security, efficiency, corporate. I think the countries most positioned around Artificial Intelligence are setting up for a successful future in the next five, ten years. Thanks for that willem, back to you. Thanks. Based on some of that conversation, its worth noting the supreme allied commander of nato has highlighted the speed of russias military threat. Britains most Senior Army Officer warned this week that russia could initiate hostilities quicker than we think. We asked what nato allies can do to tackle the threat of russia its not about how tough or not tough, its about how we approach the challenges, how we approach aggressive behavior, how we approach unconventional war with cyberattacks, fake news, informational battles already going on, on all eastern flank of nato territory. How we react are we only complaining or doing something and proposing how to reform nato to deter and to prepare for defense . Thats my position its not about criticizing anybody. But we need to be prepared russia is the main threat to europe in terms of those issues you mentioned . Not only for europe because we see that more and more russia is engaged aggressively not only in europe, but also throughout the world. Thats a Global Challenge really mr. Trump is here in davos, do you feel europe still has the support of the United States or is the u. S. More concerned with pacific matters, other matters perhaps with the new America First strategy i think we have mixed signals. If we take the result of one years presidency, we see the administration is more engaged with europe. Yes. We have more investments in defense, four visits to europe during the year. So more defense capabilities, American Defense capabilities in europe but of course sometimes its controversial. If you only read tweets, you can have one picture, but if you look to the activity of the administration, the real results, you have a different picture. How do you feel about the tweeting are you tweeting like the president does i look for real results, for what matters is how much america still is involved in world security, in relations, transatlantic relations. And we see very good results finally, if you do get to speak to mr. Trump here, hes flying through a whirlwind the next 24 hours, whats your message for him . Welcome always to europe, welcome always our transatlantic friend dont be disengaged. That was the lithuanian president talking to Steve Sedgwick earlier coming up, german Party Leaders meet in berlin as the next phase of Coalition Talks get under way. More after the break daniel jacob for every hour that youre idling in your car, youre sending about half a gallon of gasoline up in the air. That amounts to about 10 pounds of Carbon Dioxide every week. malo hutson growth is good, but when it starts impacting our quality of air and quality of life, thats a problem. So forwardthinking cities like sacramento are investing in streets that are smarter and greener. The solution was right under our feet. Asphalt. Or to be more precise, intelligent asphalt. By embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. Then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. Who knew asphalt could help save the environment . Angela merkel says she is optimistic ahead of Coalition Talks in berlin today. Both merkel and spd leader Martin Schulz say negotiates will move quickly. Merkel adding that an agreement can be reached in a reasonable time frame on the eve of the talks. Senior merkel allies ruling out concessions on immigration i spoke to the German Defense minister about the negotiations. She expressed optimist that a new government could be formed by easter. We stepped forward last weekend with the Party Convention of the social democrats. We are in the process of Coalition Negotiations so im confident well have a new government around easter so youre optimistic that leading a minority government will be on the table here because both sides can reach an agreement . Exactly let me ask you this, some would argue the process of building this coalition has in some ways exposed the limits of the german chancellor. A new york oped said ms. Merkel was not able to get those into the fold here, and that it was a sign that perhaps her power was fading is that a Fair Assessment . I dont think so. When you have seen her yesterday in davos, she gave a strong speech on germany, on europe, and it was fascinating to see and to listen to macron, that both of them said what we are looking for is to build a new europe that is taking on its responsibility a europe, a strong call for multilateralism, a strong call for open societies and both of them said we need a human centric digitalization so both are looking at the new european agenda. This is a chancellor who wants to step forward. A report in the german business newspaper says goldman sachs, barclays and socgen are all interested in buying the equities markets and Commodities Division of commerzbank. The german lender received an 18 billion euro government bailout after the financial crisis and is set to slash 7,000 jobs as it expands its Retail Banking division you can just see there a picture of donald trump and the head of the World Economic forum, they are walking out of a heavily secured room ahead of Donald Trumps speech later on today. The president has been surrounded by questions around the u. S. Dollar, he sat down with joe kernen and essentially contradicted Steve Mnuchins own comments about the u. S. Dollar so you can see President Trump in davos at the World Economic forum with the head of the World Economic forum, claus schwab there, talking to members of the media before his speech later today. He la been speaking about the need for a strong u. S. Dollar. He sat down with joe kernen and expressed how important that was to him he also said he was willing to reconsider u. S. Membership of the Transpacific Partnership he said that was only if there was a substantiallyboater deal so that is donald trump at the World Economic forum, greeting members of the media ahead of his speech hes expected to talk around 1 00 today trade at the center of concerns. You can see him talking to the media, making oncamera comments we can just hear him greeting them there my message is peace and prosperity thats what we have. We have a tremendous crowd a crowd like they never had before claus has told me, this is a crowd like they have never had before in davos. Including all of you people. So thats good i assume theyre here because of claus. Great guest here. Will your message be well received i think it will be well received its a positive message. The United States is doing fantastically well better than in decades the stock markets are incredible businesses are coming back into the United States. Its going to be a great message that people will like hearing. Thank you. President trump with characteristic modesty describing the achievements of his oneyear term so far you can hear him at the end of that address to the media being asked about a decision he may or may not have made last year to fire Robert Mueller. That of course has been reported by the New York Times and matched by nbc news in which donald trump allegedly considered firing special counsel Robert Mueller, who is in charge of the collusion investigation surrounding the 2016 election. President trump asked a question about whether he ordered to fire mueller, and he dismissed it as fake news. Louis vuittons owner easily beat expectations in the Fourth Quarter as chinese demand lifted the Global Luxury Market the French Company said sales rose 11 on a like for like basis during the period beating estimates of a 9 increase and givaudan backed its guidance net profits game in ahead of expectations, and results were boosted by a strong Fourth Quarter sales number earlier sri spoke with the ceo of givaudan and asked about the impact of the weak dollar on his business in the past weve seen the weakening dollar and coming back again. We have a fully hedged business. So, yes, a weakening dollar would translate into less absolute swiss franks. We are fully protected from a margin stand point this is really what we have. Weakening dollar doesnt affect our margins. Fiat chrysler nearly doubled its fullyear profits, though revenues fell short of expectations the carmaker also cut its debt load the ceo expressed confidence that his firm can hit turnaround targets. We will bring you the latest on donald trump throughout the day here on cnbc we saw him arriving at the World Economic forum center to give his speech in a few hours time, talking to members of the media. He dismissed reports that he was willing to fire special counsel Robert Mueller as fake news. Stay with us on street signs. Well be back after this break im akiko fujita live from davos. Here are your headlines. U. S. President trump gives the greenback a boost telling cnbc in an International Exclusive that treasury secretary Steve Mnuchin was misunderstood. The dollar is going to get stronger and stronger. And ultimately i want to see a strong dollar. And we saw President Trump arrive at the World Economic forum a short time ago saying he thinks the crowd will be liking what he has to say in his longawaited address i think it will be very well received its a positive message. The United States is doing fantastically well better than weve done in decades. The stock markets are incredible businesses are coming back to the United States. I think it will be a great message that people will like hearing. Im willem marx in london. Lvmh shares beat expectations for the Fourth Quarter as Chinese Shoppers buy more handbags and champagne. And shares in swiss fragrance and flavor manufacturer givaudan open higher after a nearly 1 rise in net profit and a planned hike for its dividend we are live from davos for the final day of the World Economic forum, counting down to President Trump speech later this afternoon the president ahead of that speech seeking to correct a false rumor that he didnt have respect for theresa may, but during a news conference, he said he and may have had tremendous relationships and he has respect for the job she is doing. May said they are joined at the hip. One thing that will be taking place over a number of years is trade. Trade will increase. We look forward to that. But the trade concepts and discussions really, i think i can say most importantly they will be taking place, and they will lead to tremendous increases in trade between our two countries, which is great for both in terms of jobs. We look forward to that were starting that process pretty much as we speak Prime Minister may saying that the uk will continue to advocate global free trade after brexit she delivered her keynote speech yesterday right here in davos. The british Prime Minister calling on the wto to enact reforms and for countries to cooperate on trade every country must support and shape the rules for free and fair trade and investment. We cannot pull in Different Directions and uk chancellor Philip Hammond faced criticism from his own party after he used a speech to Business Leaders in davos to call for a modest brexit that would keep britain closely tied to the eu. Proleave constituent criticized his talk yesterday the panel hosted by cnbc, remaking of global finance, i asked the uk or geoff asked the uk chancellor and the chairman of Deutsche Bank how brexit could impact the regions financial environment the risk for europe is that if its not london, it will be new york or singapore. The idea that you can recreate in frankfurt or paris or madrid or amsterdam or dublin londons Financial Market is a fantasy. New york or singapore will win, the loser will not only be the uk but the European Union. The deadline is arriving, so where are you . We find ourselves in the ironic situation that you do not have the flexibility to just totally wait for whatever happens at the end. Im on the brexitist side, i believe theres going to be a meaningful, longer term solution, but as management of a bank, i cannot just place a onesided bet on that happening. Earlier in the day, geoff and steve spoke with irelands finance minister here on squawk box. It was a top line in the numbers. We talked about what was happening with the deficit we could talk about what was happening with debt. Of course we all know that a crisis can feed through with horrific speed to peoples daily lives. But any kind of recovery or change takes longer. What were seeing happening in ireland is were seeing an improvement in terms of the growth that has spread across our country, across more parts of our economy that become said we have more we need to do we have to ensure that the change in economy makes a difference to peoples lives. We have to ensure we have stable foundations for the future and politicians at the center like myself have to really get the fact that a recovery economy is not the same thing as a healed society we have to understand the gap and rise to that challenge you know, professor stiglitz, who i debated with yesterday in a number of different matters, wrote a book called globalization and its discontents maybe the discontent we have to reflect more on. He wrote it 20 years before, and he gets all the credit i did say to him, i said are you more happy or less happy that many of your prophecies came true . Can i quickly move on to brexit and the benefits or otherwise for ireland . The chancellor yesterday made a clear case that they are on their game as far as the Financial Services regulation is concerned. Without a deal on that, theres no broader deal with brussels. I think brussels is also becoming aware of what the potential risks are. All this means that ireland doesnt get the brexit bump, the windfall of bankers moving jobs to dublin. We already received and have seen an increase investment on floimt mo employment moving into Financial Services in ireland. Weve seen significant not in the numbers you were hoping for we were always clear that any benefit that would come from us would happen in a gradual way. I think it was unreialistic and inaccurate that we would see banks closing down and leaving london some banks have made positive decisions about dublin but we are seeing a positive change as a result of that this is all in the broader context that brexit will be a challenge for ireland. We made the decision to change our growth forecast for the future were now looksing to deliver growth of approximately 3 across the coming years. And we have downgraded what we think brexit can create so he can with plan for a more sustainable policy base for our country for the coming years on the brexit, how do you think its going i think from a british point of view, i think its going badly i dont think we resolved the border issue i dont think the jurisdiction of the eu within Northern Ireland and hence whats going on across the irish sea has been successfully resolved. I believe and contend differently that the progress made and an agreement to prevent a hard border, particularly in light of different contingencies and events was a really important agreement. We know and we expect uk will honor us i believe theyre approaching this with good faith i dont see how this works. You either have eu rules that work across the border nobody wants to so he a return to the hard border. Or they stop at the irish sea, or the british say, no, we have no eu legislation or regulation within the united kingdom. I dont understand the resolve that kind of complexity will be at the heart of negotiation it hasnt been agreed to yet. The key principle that was recognized in that text was the principle of alignment of regulations. What we have said when and if the eu and uk reach an agreement in relation to future trade that could form a framework for dealing with many difficulties that you raise we also said if that doesnt happen, the uk have recognized the role of alignment of standards with Customs Union and the Single Market to ensure we can have the kindof movement that is critical to ensuring a hard border does not return. We will bring you preliminary gdp figures out of the uk on the back of those comments from the irish finance minister they show the british economy grew 0. 5 for the Fourth Quarter, thats against an expectation of 0. 4 . So a beat. The preliminary annual gdp figure was 1. 5 thats a beat against expectations of 1. 4 you can see this twoyear gilt slightly up there. And we saw the cable numbers improving again, up from 1. 4256 to closer to 1. 4259. There we go just up slightly the underlying picture it is said of one of slower and uneven growth across the uk economy oil prices are on track to post another week of gains after wti hit the highest level since 2014 in yesterdays tradement you can see both brent and wti in the green so far this morning. There is concern that rising crude prices could discourage the worlds leading oil exporting nations. Speaking to cnbc on a panel at davos, the saudi finance minister sought to soothe those concerns by insisting that his government remains committed to reform take a listen. We welcome higher oil prices, obviously. I dont mind at all. But then unlike what happened in the past, what we are doing now, were saying we are disciplined. We announced our budget last year and we updated it this year, a midterm fiscal planning for the first time its something his excellency has started. Now we have a plan and ceilings for the budget until 23 we will be disciplined regardless speaking on the same panel, Steven Swartzman of Blackstone Group praised the efforts of saudi arabia in making an overhaul to ets econoits econome said large skcale deals are difficult to implement i think its important that saudi doesnt overreact to something going wrong. Because its icnevitable. If you look at china that went through the most transformational change in world history, in the time frame that they did it economically, they get things wrong all the time and they expect a certain percentage of things not to work and they fix them. If that fix doesnt work, they put in a second fix. Recently they get it i think the path for saudi arabia will have some of those types of issues. That is steve schwarzman, ceo of blackstone. Starbucks shares lose steam after hours. We will explain why coming up next jimmys gotten used to his whole room smelling like sweaty odors. Yup, hes gone noseblind. He thinks it smells fine, but his mom smells this. Luckily for all your hardtowash fabrics. Theres febreze fabric refresher. Febreze doesnt just mask, it eliminates odors youve. Gone noseblind to. And try Febreze Unstopables for fabric. With up to twice the fresh scent power, youll want to try it. Again and again and maybe just one more time. Indulge in irresistible freshness. Febreze unstopables. Breathe happy. Welcome back to street signs. American Airlines Beat on the top and the bottom line in its Fourth Quarter numbers phil lebeau took a flight down to texas for an exclusive interview with the companys ceo despite posting Fourth Quarter earnings that beat the street on the top and bottom line, shares of American Airlines are under pressure due to concerns that there could be an increase in capacity for the entire industry. Thats because United Airlines has said it will be adding 4 to 6 more capacity in 2018, 2019, and 2020 some are worried that american will have to respond in kind but Ceo Doug Parker says american is not just going to add flights to add flights, but it plans to remain profitable. Well add some, theyll add some those are the kind of things that happen as an industry continues to mature. Its maturity around what has become a much more rational sort of structure in terms of longterm competitiveness. Some are concerned there will be a fare war between legacy carriers parker says the industry is more mature and its unlikely there will be the type of fare wars weve seen in the past again, who knows whats going to happen with fares what i know is unlike the past, which i think our investors are worried about, when you saw growth in excess of demand growth, what that was was airlines trying to in the best time trying to steal shares from somebody else. Parker points out that demand on the Corporate Travel side of the business is strong not only in the United States but in all four regions of the world, where american is seeing growth right now. Phil lebeau, cnbc business news, ft. Worth, texas another big u. S. Corporate story, the starbucks stock price lost steam in after hours trade last night after the coffee giant disappointed on revenue in the Fourth Quarter samestore sales missed forecast as well as the company aimed to roll out higher end offerings. All of the regions were weaker than expected and starbucks special festive period drinks failed to impress customers. But china was a bright spot showing robust growth. Intel shares rose sharply in after hours trade following results that beat expectations in the Fourth Quarter. Intel reporting eps of 1. 08 on revenue that jumped to 17. 1 billion. The street was looking for about 16. 3 billion. Gross margin, kelly, 64. 8 the Company Announced a 10 increase to its dividend the data center group, chips for servers used by cloud junts, clo giants clocked in at 5. 6 billion. Christopher roland said that number stood out to him, better than expected and demonstrating Pricing Power in the quarter which he chalks up to the new platform called pearly which appears to be ramping. It is the highest margin business and the fastest growing. Intel guided q1 eps to 70 cents on 15 billion. Plus or minus 500 million they say the street was at 15. 3 billion. For 2018, looking for 355 on revenue of 65 billion. The street wanted 325 on 63. 8 billion, so better on the top and bottom than the street was looking for. Josh lipton, cnbc business news, san francisco. Earlier today we sat down with the ceo of dassaults systems to talk about the impact Artificial Intelligence was having on industries and the global work force. If you look at the tesla, if you look aviation, vertical takeoff airplanes, those are new categories of mobility equipment. Its not a car, its a new category completely new it needs new type of engineering, new type of thinking process and services. Artificial intelligence, you know, doesnt seem to be single session. You can go to it doesnt feature prominently. I think people are big incumbent, worried about what that disruption could mean for their Business Models and finances its always been easier to prejepr predict jobs that would be lost by technology and not the ones create created. You can head out to our website, cnbc. Com, to fine out who tesla is blaming for the latest model 3 delays. They say theyre blaming it on inexperienced workers. Our focus at davos has been the rise of Artificial Intelligence and various challenges this will pose to businesses firms of all kinds are changing strategies to adapt to the new environment. One of them is lego. Karen spoke to the ceo of the lego foundation, they talked about the role of education and play in the changing technological environment. What were searching for is what is our place in this post industrial revolution. Theres so many questions around what will be the impact of Artificial Intelligence and Machine Learning what we tend to do in those circumstances is default to what we know. So theres a bit of a tendency for reversion. Thats what were seeing in education to a certain degree. Where children are going through Education Systems pretty much the same as our grandparents went through yet the world theyre emerging into is fundamentally different. Thats why we believe we have to do stand up for the right of children to play thats the best way in which they can develop the International Community is getting ready for an onslaught of America First as donald trump arrived in davos. This is pitched as globalization under threat as economic national ifl taism takes off. You have a company focused on the whole idea of globalization, you are a Global Economy and trying to be local at the same time what does that mean in terms of trying to change globalization what weve got to do from a corporate point of view, im with the foundation, from a corporate point of view they have to be agile to whatever environment though find themselves in. That speaks to what im representing as the need to equip people with the skills they need for that agility we are strong believers in the power of collaboration, whether thats within borders or across borders. And thats something we have advocated as a key component of what we believe is right for the world in the future. That was john goodwin the ceo of ikea spoke to karen about the challenges of Artificial Intelligence and digitalization as well we have not been able to do before finding easier ways to connect to people. Digital opens up massive opportunities for us to connect with Home Furnishings knowledge and make life better for people. How aggressively are you leaning into some of the Big Technology changes ai, Artificial Intelligence, big data, internet of things is this a huge scale up year for you . A for us its a major shift so were working on how do we update our backbone in order to provide opportunities to meet customers in new ways. We are also testing new ways of interaction. New ways of using apps, new ways of ai, virtual reality, so on. Like most retailers we dont know exactly where we will land at the end, but curiousity and willingness to great is a shining star for us. That wraps up our weeklong coverage from davos. Thats it from here Worldwide Exchange is coming up next. For your heart. Your joints. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. 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Economic growth looks to dominate the conversation. Expectations coming up and just do it. Why bill ackman is taking a stake in nike. Its friday, january 26, 2018, Worldwide Exchange begins now. Good mor