business dagen mcdowell, james freeman, good morning. dagen: good morning, maria bartiromo, i cannot wait to talk about impeachment trial, the beginning is clear. per morning, maria. good to see you going with the 80's sound track, i think we are off to a good start. [laughter] maria: very good, james, i want to talk about that impeachment, though, you're right, dagen, i don't know if we learned anything yesterday but the vitriol is just at incredible level in washington as we watch the president try to focus on the economy, our top story this hour is communicating safety in the world, major concern, cybersecurity threats now front and center, joining me right now the head of the number 1 cybersecurity company in the world, protecting billions every day, chuck robins is here, chuck, good to have you. >> god to be here. maria: assess the situation in terms of cyber threat today? >> we have obviously over the last decades connected more and more devices, more people, more countries around the world and there's great positive benefit of inclusive opportunity, education, however, we are moving onto connecting things and cars and the internet of things coming and the footprint just keeps expanding and so the threat surface keeps expanding, the threat actors are getting smarter and it's a constant battle, it's one part of business where we have active adversary, it's different than the rest. maria: it's the jewel of the business right now, what can you tell us about 2020, how are things going? >> we talked about last earning's call, the u.s. economy is really good, the consumer is really good, over the last 9 months i think many of us who depend on capital spending have seen just a slight pause and hopefully with the trade resolution or the first phase we have seen with china usmca, at least a plan for brexit, we are hoping that some of the uncertainty coming out of the system will actually help alleviate that pause that we saw. >> was the pause in certain areas of technology, were there any areas where the spending continued or -- >> security. one area where nobody will stop spending. maria: do you think that was related to pause, uncertainty around trade? >> that's what i think. across customer segments, across geography, our customers what they do when they see these kinds of issues, let's hold for 90 days and see what happens, they implement another signature required, those kinds of things. nopefully we will get through that. maria: tell me about the transition of software at cisco, where are you on that? >> well, we exited last year with 30% of product revenue now coming from software and into last quarter, 70% of was that coming from subscriptions or offerings, recurring revenue that we have been talking about for a while, given the size of our business we have made a lot of progress, we still have a long way to go, it's going very well. maria: 50% of the business -- >> we actually set out some targets a couple of years ago at financial analyst conference that were on track. maria: what is happening in china right now, the business was down in china right now, is that a function of the chinese government supporting the local players there or is it -- is it something else? >> well, we said since this trade situation has arisen that we expect china that there would be tendency to move towards domestic technology players which we have seen but we are still seeing, you know, we are still seeing purchases from nonstate owned enterprises and we see some with the carriers there, hopefully with this behind us and as we get towards phase 2 we can get back to normalcy there but i think that's really what we are seeing. maria: it's not necessarily an issue over product, an issue over demand, it's simply the chinese government to emphasize their own local players? >> i think they've made that statement that they would prefer, and i think every country would prefer. >> they want foreign technologies out? >> if you're a country in europe and have domestic technology provider you would probably prefer to use their technology if they have the capabilities so i just think that's what we are seeing. that's what we have in the u.s. maria: american companies want to use american tech, what's the impact on cisco on hauwei? >> not really anything to speak of at this point. i think that -- i'm asked this a lot, if we see surge in demand and i think in general we have not, i think what's happened right now with the trade situation and the hauwei situation is more of a -- it's actually has the carriers around the world actually pausing to try to figure out what should they do, they are trying to understand what's their country's position, what should they be thinking about, it's more of a stall than anything else right now. maria: single--chip architecture will route gear, switch gear, tell us about that? >> when i became ceo i said we will deliver technology to our customers, however they would like to consume it, we have been working for almost 5 years and what we are doing wit is we are building integrated systems which is the way we traditionally sold our products which are really built for the backbone to support 5g over the next 5 to 7 years, but we also announced that certain customers like some of the web scale providers would like to buy our silicon stand alone and build their own systems and what we announced was our ability and the capability to enter the market or system whichever they prefer. maria: what are your expectations there? >> well, i think it's going to improve our position in web scale providers and probably many of them want the optionality and so many of them buy silicon but also our system as well, we think it's a good business for us as 5g expansion occurs. maria: is this one of the conversation that is you're having in davos, what was the buzz, i know you were at the breakfast with president trump as well? >> it's a bit of low-key week this week, usually in davos there's extreme optimism and pessimism, i think this year everyone is even kill and so i think there's just a real balance and a real pragmatism. maria: there's optimism about the united states, certainly, do you feel that way about europe or is europe still showing an inability to sort of generate much growth, how are you seeing it? >> i actually think that before we saw this pause europe for us was doing really well and i think with some some of the uncertainty coming out i would like to see them come back. maria: let me ask you about the corona virus, are you worried about this, i mean, it seems to be a big worry with now 17 deaths and we don't know whether or not it can be contained, the city is quarantined. >> on this one i will be a citizen observer, i'm certainly concerned about it. maria: you said there was a big conference you had spoken? >> i think that's where the conference might have been, i could be wrong. maria: 11 million people. chuck, good to have you. >> good to be here, thank you. maria: ceo at cisco, short break, we have corona virus markets with fears, what can become global health emergency and my sit-down with ivanka trump and ibm, american technology, eli manning to retire with a title, live in davos. ♪ ♪ (whistling) (whistling) managing lipids like very high tryou diet. exercise. tough. but if you're also taking fish oil supplements... you should know... they are not fda approved... they may have saturated fat and may even raise bad cholesterol. to treat very high triglycerides, discover the science of prescription vascepa. proven in multiple clinical trials, vascepa, along with diet is the only prescription epa treatment, approved by the fda to lower very high triglycerides by 33%, without raising bad cholesterol. look. it's clear, there's only one prescription epa vascepa. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish or shellfish, have liver problems or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients reported joint pain. prescription power. proven to work. now with a new indication. ask your doctor about vascepa. apps except work.rywhere... why is that? 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[laughter] >> not sure i get that one, now i get it. dagen: move along. move along, you have to win games, good-bye. enjoy the wings. >> thanks, eli for a lot of memories, i'm sure i speak for a lot of sports fan. maria: tough crowd here, we will take a break, boeing 737 max could fly again, ceo says production of the jet is resuming, we we will get into tt when we come back, saying good-bye to a beloved icon. >> don't do it. no! >> maybe he'll be all right. maybe not. maria: oh, yes, planters says mr. peanut is no more right before the super bowl, we will tell you what happens. alexa tell me about neptune's sorrow. it's a master stroke of heartache and redemption. the lexus nx. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. experience amazing at your lexus dealer. people think my job is easy. you just go on tv and talk, right? well, each season there's over 1,500 players and hundreds of games... plus passing yards, turnovers, injuries... we have to be ready to analyze any of it, on live tv. if we fumble on air, that's a problem. ibm watson helps us wrap our heads around all that data, and quickly find relevant insights using ai. so we can give every fan the best show possible. ♪ ♪ welcome everybody to fox kickoff, i'm charissa thompson... ♪ ♪ and with the sxfinity stream app, screen is your big screen. which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or around the house, keep what you watch with you. download the xfinity stream app and watch all the shows you love. and mine super soft? 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unemployment rate that's at 50-year low, businesses are trying to train workers as well, the whole idea of skill sets and where you will get the skills, that's also part of it? >> they really want ceos to stand up and speak on issues and they feel society is demanding it whether it's issues of retraining or, you know, workplace, it's really important. maria: even though business is the most trusted institution, the survey showed that technology is no longer the most trusted industry, tell us about those findings? >> so, look, people are nervous about job, maria, more than 80% of the people we studied said, look, i'm afraid of my future, i will lose my job to automation, globalization, i will be replaced in the gig economy and so retrain me, make it possible in 21st century. maria: isn't privacy issues when it comes to technology, people don't trust that their privacy is safe? >> absolutely correct, i think the tech industry should actually find a way somehow with government that, you know, it shouldn't be that tech is actually going too quick and government is seen as behind and not able to really regulate, tech actually has changed our lives but has to be seen aztec for good. maria: back in 2007 there was a complete collapse in trust of all institutions, business, ngo's, the whole 9 yards, give us the whole playing field now, business is the most trusted institution, what are people saying about government, what about the media? >> so business is 55 points more trusted as competent than federal government, so it means, again, that business is the actor where business has actually to improve ethical behavior which is transparency, working on echo, but also help us on job training and wages. maria: government? >> government is seen as unable and somehow incapacitated and, you know, government is a good referee for the playing field but government really has to go more local, actually be a part of improving, you know, city infrastructure, be specific and be tangible and accountable. maria: when you talk about media it's interesting because it's different depending on the political party. >> correct. democrats, high trust, republicans low trust in media. fox another mainstream media has quite high trust levels, 60%. maria: fox does? >> yes. maria: why is social media dragging down? are because of fake news and because it's perceived as, you know, too much false facts and we have to get to a place where, you know, social is accountable. maria: this survey was conducted at the end of last year? >> correct. maria: what struck you most about it? >> i think that more or less 90% of people want ceo's to speak up, 90%, up from 70 last year, they want things to be visible in society and trust is local now, maria, my employer is the most trusted institution in the world, that's really a big change, that's what i see when i go to the office, full employment economy, i only want to work for a company that's value in values. maria: fascinating, great to have you, richard, thank you so much, richard edlelman, when we come back the push for impeachment in washington, house democrats claiming that president should be removed from office, my exclusive interview with ivanka trump and ginni rometty and how the skills gap is going, southwest earnings, first of 3 airlines reporting airlines this morning, we will have the numbers for you, stay with us, back in a minute. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. i'm but how do i know if, i'm getting a good deal? 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(narrator) before you buy a car, see what others paid for it with truecar. but she wanted to be close to nature. home. so, we met in the middle. ohhhhh! look who just woke up! you are so cute! but one thing we could both agree on was getting geico to help with homeowners insurance. yeah, it was really easy and we saved a bunch of money. oh, you got it. you are such a smart bear! call geico and see how easy saving on homeowners and condo insurance can be. >> here again maria bartiromo live at davos, switzerland at the world economic forum. maria: welcome back, good thursday morning, i'm maria bartiromo, coming to you live from world economic forum here in davos, switzerland, we are watching impeachment trial, of course, congressman adam schiff. cheryl: congressman claiming this year's election could be compromised if the president is not impeached, attorneys general from 21 states to reject the impeachment, republicans claiming in latter that the articles have legal and factual problems and the democrats case that's a dangerous historical precedent. boeing's new ceo david calhoun said production to have max will resume, federal regulateors -- regulators will not certify until months later. well, faa is facing more criticism after a whistleblower complaint alleged u.s. regulators cut corners authorizing southwest airlines, the complaints says faa rushed approval process finding, quote, substantial likelihood wrongdoing by the agency, a question for you all you, do you guy global market action overnight to super bowl parties for the good or the game? >> most americans say it's for the good and those asked say it's for the game. >> no! >> maybe it'll be all right. >> he's been a friend for generations, look like it's a final good-bye for mr. peanut at the age of 104 he's dead, planters putting out a commercial, planters plans to air funeral during the third quarter of the super bowl, that's on sunday february 2nd, rest in peace, mr. peanut. [laughter] cheryl: yes. maria: cheryl, thank you. meanwhile this, a 4-year degree no longer required in the tech entry, that's the beginning of the news in the workforce, i spoke exclusively with ivanka trump for in-depth discussion about skills and their pledge to the american worker. ivanka, let's talk about your big picture here in terms of pledge to the american worker, what are you trying to achieve? >> well, something the president is energized by because his policies deregulation, tax ftse form, energy innovation and they have created massive and every population is experiencing record low unemployment rates and we want to make sure that in this climate employers that are already seek to go get creative about how they are looking to all corners of the population and pulling people into the workforce, giving them the skills that they need to be successful. so it's been exciting, the pledge to america's workers, we now have over 400 companies, companies,ginni being one of them, opportunity for 15 million americans. maria: i know, ginni, you have been working around in grammar schools, this creates a whole another ramp in order to open the door for peoples to get the right skills they need to work at ibm. >> this is something that you and i talked about and ivanka has really helped elevate it and amplify and accelerate the efforts because as on employer, one, i'm in the technology world and i've got to be sure this digital era in front of us is inclusive, every american, every one can look and say i can look at myself in the world, i can have a job and you don't necessarily have to have a 4-year degree to get started, this is quite a misnomer to me, two-thirds of the country does not have a college degree and so there are many jobs we have that you can qualify for and what we started originally our work on was we called them pathway to technology, we went to some of the most underserved areas, went to high schools with nearby vocational and community college and said let's help with you, we will give you mentors, our employees, we will get the kids a chance at a job, they get a high school degree and associate degree, think of it that way, now fast-forward these years, 150,000 kids are coming through over 200 schools, they are, in fact, making up 15% of my hires last year in the united states, they and apprentices, ivanka's program on apprenticeships and accelerating. maria: talk about apprenticeship programs, they don't understand what skills they may be able to get and that are accessible to them. >> i think that's right, and this is actually how ginni and i started working together on the workforce development project and really create just massive national campaign was we have 7.3 million as by-product of our success as a nation and how do we fill those jobs and one of the things we heard consistently is there's just a lack of awareness around the jobs that are available, so you take an industry like manufacturing, there are 500,000 manufacturing vacancies today, 500,000, these are good-paying job, a, there's a notion of what manufacturing looks like that's not in line with what it is today in america manufacturing, looks very different than the factories, but you have the same in the tech industry, so a lot of, of course, if you're doing advance quantum, plenty of occupation that is will require advanced degrees, but cybersecurity, it, a lot of the different programs require credential that's achievable without racing up enormous amount of student debt, so we as a collective with our board tim cook was a cochair of this working group for us, our developing national campaign that we are unveiling in february to really open and expose people to different pathways available, apprenticeship and area where we can learn a lot, we can learn a lot from the swiss, we can learn a lot from the germans and we have learned a lot from them. maria: you would hire people who don't have a college degree who have -- >> exactly. one of the great cloud programmers, i have a young woman who is 17 year's old, went to the army to start a family, went back, good credentials and these are people with great ambition and great intellect, it's a paradigm that we really getting everyone to buy into that skills are as important as a degree to get started. get the skill in many different ways, you can get a job and get started. maria: can an iron worker that feels that he's out of opportunities learn ai and get a job at ibm? >> absolutely, i've got veterans, you name it, with the program ivanka started we are now up to 23 official apprenticeships filed with the department of labor, we have almost 100 companies picking frameworks and going with them and on just very narrow slice of apprenticeships i'm up to 500, so to me it's very scalable for everyone that is out there. >> but you have to be able to imagine it and that's part of this campaign, to realize it, you have to imagine yourself being able to do it and, you know, as we focus on the next generation of american worker, we also have to focus on our existing workforce, so for many people in america today to do the same job they are doing today, they need to learn a new skill because the technology is changing and so we need to shift the country where education is considered a lifelong pursuit, not one very short period in the arc of one life's because the reality for many jobs that you are hired for, people will need to train and retrained multiple times,i will go back to comment that ginni making comment that the country works for everyone, that's the by-product that's been put in place and due to health of the economy, so just a couple of examples that in the fourth quarter of this past year of all the new jobs created, 74% of them came from the sidelines, not unemployment, the sidelines, completely outside of the workforce and because more people are working today than ever before, 160 million americans are working almost 160 million americans because more people are working because wages are rising and getting creative and reaching out to populations, even within the prison system, i was in indiana at a women's prison where companies were coming in with training programs so upon release they could give those inmates learn the skill while incarcerated and an opportunity to have a good life and have a second chance. maria: you need the workers? >> if you back up, i've said this to you many times, when it comes to artificial intelligence it will change 100%, doesn't mean replace, that's a really important difference, we just finished a study with mit, again, if you look at the tasks that people do in their job, low end and high end of wage owners, we have to get the middle prepared with more skill to go one direction or the other here, getting more of these tasks and so that idea that you can and will have to retrain, if you do the math at high level, it says you're retraining global workforce within 15 years, you're training in several years, if we don't do this, this won't be an inclusive area. that's a really important point. maria: whole host of industries that you mentioned. >> doesn't matter the industry, it's the task within the job that's going to change, so everyone is is going to in some way work with technology and we want people to be optimistic about that and see that, you know, i can make more money and have a better future no matter what job i go into, it doesn't have to be a university ph.d driven job, it can be because i'm in a field, i'm an emergency medical technician, i'm working in a factory, they are all high-tech which is why we are getting back to business round table now so several hundred of the companies of this country to go back and hr departments look at how they, what prerequisites do they put on job applicant and many times we over spec this, it opened up who could come and start with us and so we are going to have big companies in america do that. maria: much more of my exclusive interview with ivanka trump and ginni rometty in next hour, we will get ginni rometty's take. check out the phenomena, this time lapse is right near the chrysler building and madison avenue, pretty cool stuff there, quick break, the corona virus fears hitting markets, entire cities on lockdown in china the world's health organization is looking at what could become a global health emergency, we will bring you the very latest, phase 1 of the china trade deal is in the books, now the trump administration moves onto phase 2 according to the president we are taking a look at what investors here at the world economic forum in davos are watching, back in a moment. ♪ [shouting] [clapping and shouting] [cymbals clanging] [knocking] room for seven. and much, much more. the first-ever glb. lease the glb 250 suv for just $419 a month at your local mercedes-benz dealer. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, or severe stomach pain. serious side effects may include pancreatitis. taking trulicity with a sulfonylurea or insulin increases low blood sugar risk. side effects include nausea, diarrhea, vomiting, belly pain, and decreased appetite, which lead to dehydration and may worsen kidney problems. i have it within me to lower my a1c. ask your doctor about trulicity. >> a tough patch with china, you know it better than anybody. you'd say some days the deal is going to happen, i'd walk out -- i walked out of a lot of meetings, they walked out also, we had a deal that was almost finished and they walked out, this deal is better, we covered intellectual property, finance, we covered things nobody thought, they thought it was all a farm deal, it's not, massive deal, phase 1, now we go to phase 2. maria: that was president trump during our sit-down yesterday weighing in on the phase 1 trade deal with china, investors here at the world economic forum in davos monitoring the progress with china and what the phase 2 deal would look like, joining me right now ceo of ernst&young. >> good to see you, maria. maria: china, trade, brexit, what are on your minds of clients? >> our team is meeting with 80 clients this week, it's very efficient for us, i will tell you the china deal, brexit behind us, those were two big uncertainty that is we talk about that are really behind us so our clients are pretty optimistic in terms of the future, they are continuing to invest in technology, they continue to invest in jobs, many times we hear, you know, people aren't investing in cap x, they are investing in people. the job market, the job market is all-time high. >> what do you make of the skills sets that are required, ivanka trump, talking about the fact that you don't need a college degree, what do you hear from clients in that regard? >> i think clients are open to experimenting with this. a bunch of other ceo's and this is something where, you know, we will start hiring people that no technology that do not have a 4-year college degree, this is something that i think many companies are signing up to and i think it's great for our people and great for upscaling our people and technology is where it's at, you to have a basis in technology and from my perspective i wished that schools actually teached technology earlier and do more in terms of technology, and hopefully that will happen but that's important. maria: what's the initiative in new york that you're doing? >> yeah, so we are doing a job initiative in new york that's really going to be focused on hiring, people in technology that do not have 4-year degrees that are very much trained in particular technologies that are needed at our companies and so there's several ceo's involved and we will have -- maria: that sounds great because you're right, grammar schools in particular need to implement technology at an earlier age, let me ask you about global grow, im, if this week rather downgrading the country's gdp growth but you still see growth here, what did you make of the imf assessment, tell us where the weak spots and strongest are. >> 3.3% global growth, to me it was a bit of a strange release, we talked about global growth, global growth 3.3, much higher than last year but the words are all negative, the words were pretty negative. that's not what we see, you know, in terms of there was a downgrade in india, india will still grow over 5% and so forth, there was a slight downgrade in india, india has structural problems, but that was the hot spot that drove it down, i think the u.s. is -- is hot spot on the upside and i think hoovering around 6 and we will see there, but china should get a bump now after the trade deal. maria: talk to us about the consultancy business, you are taking market share from competitors, what drives your business in next 3 to 5 years? >> the biggest driver in our business and a driver for all of us is transformation, all companies today have to go through transformation, they have to be, they have to be upscaling their workers and have to bring in new technologies, ai, cloud, office wise and back office wise and that really causes transformation, they have to move forward, that causes work for us in all of the consultancy. maria: makes sense, carmine, great to see you. >> great to see you, maria. maria: stocks of southwest airlines under pressure this morning, we saw the headline tons screen, the company reporting 21% decline in profit it was fourth quarter, it's talking about the costs of 737 max grounding, southwest is the world's 737 max operator with 34 and dozens on order, the stock down about 1%, more positive note, the company is also saying that passenger bookings and trends are healthy. we will take a break, when we come right back we are keeping an eye on the corona virus crisis, entire cities on lockdown in china, the world health organization looking at what could become a global health emergency, we have all the latest details when we come back, if you're disappointed about the series finale of game of thrones, the author has good news for you, we will tell you when we come back. s these uniqus with creative business models that will generate value for our investors. that's why i go beyond the numbers. doprevagen is the number oneild mempharmacist-recommendeding? 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(narrator) before you buy a car, see what others paid for it with truecar. have you ever wondered what the motorcade driver drives, when they're not in the motorcade? ♪ [ car engine revving ] this one drives a volkswagen passat. >> live from davos switzerland at the world economic forum, here's maria bartiromo with a special edition of "mornings with maria." maria: welcome back. good thursday morning, everybody. thanks so much for joining us, i'm maria bartiromo, coming to you live from the world economic forum in davos, switzerland. the biggest and brightest minds are gathered here and we are talking about the issues of the day. it is thursday, january 23rd. your top stories right now, 7:0. the threat of a global pandemic, china locking down three cities at the center of the coronavirus outbreak. more than a dozen people killed, hundreds infected by the virus, 17 people dead, 570 other cases outstanding. global a airlines are on high alert this morning. we have everything you need to know this morning. making their case, house democrats launching their arguments in president trump's impeachment trial. president trump's reaction coming up this morning. markets right now are fractionally of moving. we are expecting a mixed opening for the broader averages. dow down 11, nasdaq up 9, s&p up about 1 point. early gains faded yesterday as concerns over the coronavirus grew and as you can see at the close yesterday the dow industrials gave up 9 points, nasdaq up about 13, well off the highs, s&p up about a point. global markets this morning look like this. european indices right now are also showing a mixed performance, the fq100 is down 54 points, cac in paris is up 7, dax index in germany lower by 36. the european central bank announcing the latest rate decision later this hour. we'll have that news for you as soon as it hits the tape. it was red you across the board in asia, fears of the coronavirus hitting markets there. the shanghai come pos you it down 2 and -- composite down 2 and 3 quarters percent in asia. more of my conversation this morning with ivanka trump and ibm's ceo coming up later this hour. guaranteed severance, one state is making that promise to workers affected by mass layoffs. we'll tell you where. joining me to break it down, dagen mcdowell and james free freeman in new york. good morning, guys. dagen: good morning, maria. >> good morning, maria. i'm still celebrating eli manning's career. [ laughter ] maria: well, you made a good point. he left a winner, right. i mean, he's retiring, having been to the super bowl twice. >> yes. two big wins. two huge passes in the game-winning drives. two mvp awards. dagen: you know who is know eli manning, adam schiff. >> that's true. dagen: a history of lying and he's the spokesperson for the house impeachment. it's just -- the praise and the fawning appraisal of his performance yesterday by the left wing media, the pro-impeachment media was really laughable. i'm still laughing about it this morning. jeffrey tubin called it dazzling, the best opening argument i've ever seen was another one. i was waiting for someone to call it scrumdidiliumtious. maria: it's extraordinary. we'll see how it ends. i assume we're going to see a vote for witnesses. i assume we will probably see witnesses. but i don' i don't know. there are four senate republicans that would have to vote for witnesses. do you think we'll have that? do you think we will get those four say yes, we want witnesses? dagen: a couple of really quick things. the defense team of president trump needs to be careful because if they start arguing the facts of the case and they do open the door to votes on those witnesses, number one, if we do get any witnesses, they'll be deposed behind closed doors. i would predict. and then you would have excerpts of that testimony played which happened during the clinton impeachment trial. >> i think democrats are basically trying to demand witnesses but they don't necessarily want them. they want to be able to say later after they lose there was a coverup. we couldn't get our witnesses. i think they legitimately would fear actually having biden and others because it would once again bring the focus back to the conduct at the center of this, in ukraine, by the biden family which most people looking at would say that ought to be investigated. maria: i think you're right. i think you're right. meanwhile, world leaders are in israel, marking a solemn anniversary, cheryl casone with the details. cheryl: vice president mike pence is in jerusalem for the annual holocaust forum, this leads up to the 75th anniversary of the liberation of the auschwitz cons twraition st- concentration camp in poland. pence meeting with israel's prime minister and vladimir putin to discuss tensions with iran. the keystone pipeline making a big step. the trump administration cleared the way for it to run through federally owned land in montana. it needs the go-ahead from the army corps of engineers, the energy and a agricultural department as well. fans that were disappointed with how game of thrones ended may get a do-over. the author teased leaders there could be a different ending for the books. the hbo series outpaced the books after season four which forced the show writers to create new story lines that you saw on the tv screens. unclear when martinis going to finish and the question is will he ever finish the books. he's notoriously slow in his you writing. back to you. maria: all right, cheryl, thank you. the richest man -- the world's richest man hacked, the united nations demand aing an investigation into saudi crown prince following evidence that he hacked amazon chief and washington post owner jeff bezos' personal phone. reports reveal the hack stems from the what's app account link ped tlinked to the crown princes what's app account, in an you attempt to target the washington post which ran critical stories. the crown prince is widely believed to be behind the kashoogi murder. joining me now is nikesh aurora. your business is all about protection, protecting people's data and privacy. what did you make of this story? >> well, look, i don't know the specifics of how this happened or whether it happened. but it is possible to hack people's phones today. right. you saw there was a big article a few months ago about companies which are developing these things. part of the challenge is, as we keep deploying more technology, we have to be careful about making sure we think about security as we go into it as opposed to try to sort of lock the doors after things have happened. so security is going to become more and more important. maria: what are the most important things that people and companies need to do in terms of protecting their information and not getting hacked? >> well, what's fascinating is the last year or two what's happened is cyber security or cyber hacking has gone from a hobby or fun thing to prove a point that i can get into your systems, it's actually becoming a profession. people are beginning to use that as a competitive weapon. you have nation state threats around the world caused by lots of cyber activity and i don't think this problem gets better. it gets worse. if you look, everybody's trying to collect more data about consumers, everybody's trying to provide services of to consumers, everybody is trying to get systems connected to consumers directly. i think all the positives of the huge technology explosion we're going to see will have the ram phi case of we've got to -- ramification of we have to make sure it happens in a secure and trust worthy manner. maria: when you see situations like that, a threat from iran, big issues that the country and world are talking about, do you see a bump in business, do you see more interest in terms of companies needing to protect themselves? >> yes, the short answer is yes, we see a bump in business but that's not how we like it to be. we like customers to be more security a aaa -- aware. instead of trying to figure out how to close the door after things have happened. maria: we're one year away from the 2020 election. i sat down with president trump yesterday and asked if h fears another meddling in the election. watch this. do you worry that the technology companies are going to cheat in the election? ted cruz said this on my show the other day, he said he's watching big companies that have the ability to put their finger on the scale by shadow banning, all this other stuff. >> i see it. mark zuckerberg was in the white house two weeks ago. he said you're number one on facebook. i said thank you very much. who's number two? he said modi of india. i said he has 1.5 million people. we have 350. we can use it in a sense. i see it i see the numbers where facebook and google and twitter, twitter's been very good for me but i see what's going on. no, we're very concerned about it. but i was concerned about it when i ran three years ago too and we won, you know, we won easily. maria: what do you think about this? >> look, i think from a security perspective, i think people have come along way since the last election. so many of the servers, many of the infrastructure pieces are a lot more secure now than they were perhaps a few years ago. i think what president trump is talking about was more about the ability of actors to use social media in a way that you can promote and publish lots and lots of stuff and try and sway the public opinion. i think that's the real challenge. i think he articulated how facebook, twitter, and other social media platforms need to be very careful about how the publishing and the promotion of contents happens. maria: you how easy is it to -- for example, in the 2016 election, there was speculation that google did its algorithms in a way that you put in hillary clinton and all these positive articles come up about her, you put in donald trump and all these negative articles about him. is there real concern, do you think? is that based on something that you see that's significant? >> having worked there for 10 years of my life -- maria: exactly. that's why i'm asking you. >> i don't think that -- i know that's not the way google operates. i think it's more about how the algorithms spin out. the algorithms have been based on public opinion in terms of what people are searching for, trying to get the most relevant piece of content to the end consumer and searcher. i don't think that's as much of a threat. but i think the ability that anybody can go publish something and a lot of people can like it and keep promoting it up the ranks and that starts to become something people get exposed to, read more. there's a threat of that. that's the socially driven promotion of content which sometimes we call fake news, that's a real threat. i don't think that -- at least in my opinion, i don't think the large tech companies are trying to bias the outcome in any way, shape or form. they need to regulate platforms at some level. i don't think they're being nefarious in the way they promote content. maria: you've done several acquisitions on your watch. you're looking at growth, obviously this is the must spend cyber for companies. where does growth come from at pal hpalo alto in the next threo five years? >> security continues to be more and more concern in most companies. we see that as we talk to our customers, we see that as boards are getting interested, boards are getting concerned. i think the increased activity and increased importance of how bad security can create chaos in your country, can create chaos in a company, can cause significant damage to your brand if consumer data gets stolen or lost, so i think there's heightened awareness of security. when you think you have a problem, you're going to call us first. maria: does the strength and growth come from any particular country? or you're obviously global. >> we are global. obviously, it comes from countries which are driving down the path of digitization faster. clearly the united states is a big contributor to our growth, various parts of europe and the middle east and a asia. maria: it's good to have you. thank you so much. coming up, impeachment trial is heating up in washington, the very latest from capitol hill as the legal battle rages on. plus, animals on flights, the department of transportation proposing changes, we'll tell you about them when we come back. ♪ let me tell you one time. ♪ i'm going to tell you one time. ♪ customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. maria: well, it was another whirlwind day at the snat impeachment trial as democratic house managerses began arguing their case. jillian turner is live at the white house with more. >> reporter: good morning. president trump got back to washington from davos last night. he was overseas for exactly three days. while he was gone, he wasn't entirely able to avoid answering some tough questions about his impeachment trial underway here in washington, just before he departed yesterday reporters asked him about senior administration o officials testifying in his trial. take a listen to what he said. >> the problem with john is that it's a national security problem. if you think about it, john, he knows some of my thoughts. he knows what i think about leaders, 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. >> reporter: we haven't heard a whole lot from white house officials since the president wrapped up his trip yesterday. we do know from press secretary stephanie grishom, though, that he has been briefed periodically on the trial's developments in real-time, so he is up-to-speed on the latest and greatest. he weighed in with his reaction to the highly emotional, somewhat dramatic presentations yesterday. he says that so far he's really happy with his defense team's performance. take a listen. >> gerald nadler, i've known him a long time. he's a sleaze bag. pat's a brilliant guy. i've never seen that emotion. that's real emotion. that's because he knows this is a hoax and i was very proud of the job he did. >> reporter: relatively quiet day in store for president trump as far as today goes. he's got his intelligence briefing in a couple of hours and then this afternoon he's going to head to florida where he's going to speak at the rnc's winter meeting. that's at door doral, maria. maria: all right, jillian, thank you. jillian turner at the white house. james and dagen are in new york. the strategy so far has been the president focused on what he's doing, focused on his successes, on the economy, while this continues in washington. dagen: i think we've already seen it, jay sekulow and pat cipollone are strong, passionate defenders of the president. that's going to be very important once they begin to present their defense. this is the quote from adam schiff that maybe bothered me personally the most yesterday. here it is. the president's misconduct cannot be decided at the ballot box. for we cannot be assured that the vote will be fairly won. number one, if they're going to lean this hard on the constitution, the constitution does not have a clause in it that provides for preemptive impeachment to stop something that might happen, to stop misconduct that might happen. the wall street journal editorial page has written about this, the very framers, the very founders were weary of making mal administration an impeachable offense. just because you hate the president, you can't impeach him. deep down, what that message from adam schiff says to all the rogues and the red necks and the hehay seeds, clutching their bibles and carrying guns, your vote doesn't matter. if you vote someone into office and we don't like him, we're going to make sure we remove him. where does that leave this nation, this republic, after all of this is said and done. maria: yeah, you're right. james? >> i think just related to that, if a president can be removed from office for acting legally with an allegedly politically motive, you can expect this is now a permanent part of our system, the never-ending impeachment warfare will commence with each new administration. to get back to -- you had the comment about jerry nadler, house judiciary committee chairman. i guess americans can decide whether the president's characterization of him is accurate. but mr. nadler saying essentially a that senators who didn't run the trial the way he wants it run with the evidence and witnesses sought that he wants, to say that a they're engaged in a coverup i think is going to offend even people who are not huge trump fans in the senate, may have been open to his argument. i think he may have ruined his chance of going after persuadeable senators with that smear. dagen: they used the language cover up, cover up, cover up, over and over again. i said they should come up with a richard nixon emoji that they can use, because that's what they're doing. they think they've got the language right. the people who are your messengers in this, adam schiff and jerry nadler are known liars and the american people know it. maria: and don't forget, this complete refusal to acknowledge what actually did take place in 2016, the framing of then candidate trump and of course the changing of documents, lying to the fisa court, real fisa abuse, not a word from them. we'll be right back. stay with us. ♪ limu emu & doug [ siren ] give me your hand! i can save you... lots of money with liberty mutual! we customize your car insurance so you only pay for what you need! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ maria: welcome back. markets are mixed this morning. take a look at futures. we are here at the world economic forum in davos. nasdaq is up 9, s&p down half a point. top ceos and investors from across the globe are here meeting to discuss growth, innovation, top areas of growth, mergers and acquisition as well. my next guest says more than 20 of all m&a transactions exceeded $20 billion in value. joining me now is the global co-head of banking and capital markets and sa advisory at citi, tyler dickson. tell us what you're expecting for 2020, start with capital markets, then m&a. >> it's been a great davos event. an advantage to me, given we run a global bank, is to be where our clients are here talking about what they see for the economy and banking activity. we see this as a unique opportunity for citi, an opportunity to give good advice. what we see from an economic growth perspective is a continuation of confidence in the marketplace. while economic growth is slow, it's still positive. we see attractive financing markets with record high equity val yeahs, low rates in most economies. that's giving our investors confidence in the marketplace, also giving our companies and the companies we advise the opportunity to go forward in the m&a market. so when we look at m&a activity, the trends you mentioned that are front and center at davos are important, innovation and technological change, reshaping business models, new innovative companies, either from emerging markets or the new economy, changing the way companies have to react. we see also activity coming not only from the corporate space, we see it coming from activity in the financial sponsor space. so as we look to the market, financial sponsors have cash available to invest and portfolios are being optimized in this environment. maria: m&a, with the stock market where it is, obviously companies can use that stock as currency in terms of acquisitions. what kind of m&a environment are you expecting? >> we see a continuation of the kinds of activity we saw in 2019 but we see more confidence in the marketplace. so we would expect large transactions that are transformative in nature to really drive activity. year over year we would expect mega transactions to continue as old economy companies reposition themselves for disruption. we see activity in the financial sponsor arena, probably continue to build, given attractive financing markets. and we see activeism which has gone mainstream as a catalyst for more m&a activity. we're seeing our corporations either move constructively or proactively or in cases where they've been activated really being able to do that on a global scale. by comparison, historically activeism has been focused on the u.s. marketplace with about 25% of the s&p having had activeist campaigns. i think what's changed now in the activeist arena for m&a is it's gone global. this gives us a lot to talk about with our companies. maria: so you're saying you're expecting big corporate deals as well as strategic deals, strategic buyers. >> that is correct. one of the other themes themes that's been front and center is the impact of sustainability. it's been front and center in davos for the last several years. it's really captured the attention of most of the corporations we're talking to and also the public sector clients that are important in the city. so a lot of our discussion is focused on what is sustainability going to do to change business models. that can produce m&a activity, it can produce new forms of financing and that's getting a lot of you attention in the meetings we're having, one on one meetings with our clients. you've got esg front and center. we've seen an enormous pickup of activity in sustainable finance. maria: that's true. that's really what a lot of companies are allocating capital to. are there sectors you think are going to merge more so than others, real quick? >> i think it's going to be active across the landscape. maria: really. >> i think we're going to continue to see activity in places like technology, in healthcare, which are long-term trends. we think will drive the marketplace. maria: great to have you this morning. >> great to see you. we're glad citi is on the front foot here. great to be here with fox. maria: when we come back, jobs in america, more from my ex clue i've interview -- exclusive interview with ivanka trump. we've got that after this. regulating service animals, what the department of transportation is proposing, back in a minute. ♪ rumor has it. ♪ rumor has it. ♪ rumor has it. every year, our analysts visit thousands of companies, in a multitude of countries, where we get to know the people that drive a company's growth and gain new perspectives. that's why we go beyond the numbers. t. rowe price. invest with confidence. that's why we go beyond the numbers. my body is truly powerful. i have the power to lower my blood sugar and a1c. because i can still make my own insulin. and trulicity activates my body to release it like it's supposed to. trulicity is for people with type 2 diabetes. it's not insulin. i take it once a week. it starts acting in my body from the first dose. trulicity isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine 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davos, switzerland at the world economic forum. maria: welcome back. brexit closer to a reality cheryl casone with details in headlines. cheryl: that's right, maria. the brexit bill passing in parliament yesterday, this clears the last british hurdle for the country to leave the european union next week. it's going to become law after an official royal assent from queen elizabeth. meantime, new jersey is the first state to guarantee severance pay for mass layoffs. the bill requires companies with 100 or more full-time workers to give them a week's pay for each year of severance whenever widespread issues affect 50 or more people in the country. the most dangerous job in the country pays $41,000 and chances of dying mind-boggling. logging has a fatal injury rate of 97 for over 100,000 workers, also topping the most dangerous jobs lisses. aircraft pilots, flight engineers, roofers, garbage collectors and truck and car service drivers. danger is out there. those are your headlines from new york. back to you in davos. maria: all right, cheryl. thank you so much. ibm reported better than expected earnings this week. ceo ginni rometty joined me this week along with ivanka trump. we talked about ivmen about ibm. first we talked about putting america back to work in this exclusive interview. >> we're working with governors across the country to avoid redundancy, to allow people to have mobility to move to where the jobs are located. we're supporting -- we have some you amazing statistics that just came out about women's employment in 2019. so in the last year of all the new jobs created, 1.5 million of them went to women. 73% of all new jobs were secured by women. maria: i saw that. that's incredible. >> some of these policy areas that we're working that aren't exclusive to women but disproportionately affect them, like expanding access to you affordable, high quality child care, critically important. child care is undeniably a work related expense. you can't work without it. the fact that this party is leading on doubling aces sees, s really exciting, the fact we've done so much on the issue of paid family lead, leading by example, finally passing into law that the federal government will provide 12 weeks of paid parental leave to our employees as we ask the private sector to do the same. we also created a paid leave tax credit for employers, employing people making under $72,000 a year and, thus, unlikely to offer paid leave. maria: i like the training part of it a lot. it's creating opportunities where people can actually make sizable salary as well. these are high paying jobs, aren't they. >> they are well above median wage jobs. and these are -- i'm not talking about just entry level. these are well into what they can earn and so it is a win-win for the employer, it is a win-win for society as a whole because it feels that this is a society that works for everyoften and is more inclusive. maria: especially because so much as changed. people don't rea lies there are all these industries and technology is changing so much and i know you can speak to this. you reported earnings this week. obviously cloud once again, the cloud was a major boost. the red hat acquisition is continuing to show real growth opportunities. so tell me what drove the quarter and where you see growth coming from at ibm. >> yes, we had a very good quarter last night that we reported. and what it does show you is that not only is ibm growing, it shows you that the growth came in areas, you just mentioned cloud, it was 23% growth. our red hat business coming together with ibm, that's all about the world needing a hybrid cloud. and a that was growing very, very well. and you see that that to me is really saying to the world that, look, businesses are moving forward an they're moving to this world of both a.i. and hybrid cloud underneath it and those are the engines of growth that are there. maria: is the cloud limitless? can you keep putting things -- >> this is the early stage of cloud, at most 20% of workloads have been moved to a cloud. there's another 80 to go. the 80 to go, 80% is the mission critical work of the world that's harder to do there is plenty of opportunity and as with everything in life, the work is in the transition, not the destination. that's where the job opportunities come. >> i think cloud is a perfect example to service the cloud, most of the employees that you're hiring don't require a four year college degree or more. this is a perfect example of where innovation creates job opportunity and new industries that didn't exist. >> jobs that people didn't even know. cyber security, that's been a wonderful area for veterans, as an example. their background and training is a wonderful backdrop to that area. we're approaching our promise of over 2,000 vet ranks for example. many go into sig cyber for us. >> its amazing when you meet with someone that's been put on a pathway a lot of times after experiencing tremendous feelings, lack of hope, and then they find -- maria: they don't know what the cloud is. they don't know if they can actually fit in in a cyber world. >> 100%. and even within manufacturing, we were tal talking before justo do the same job looks very different. 20 years ago they weren't using cnc machining. to execute the same mission you are using code and technology. to talk to some of the people that have been impacted and regained their footing and found a path forward is so powerful and i think what really motivates us in this work that new generation coming up for the industries of the future and the existing american worker. maria: the ages range from incoming generations, emerging workers, to people that -- in the middle of their career. >> age is irrelevant on this topic. it is really about skill. as long as you embrace the paradigms, that skill matters more than a degree or as much to get started and then you give them multiple pathways with different models, apprenticeships, high schools, several are scaling, that's all you need. maria: this is so important that you're doing this. thank you for that. let me get your take on the world and the economy. whether you said earlier is so important. you have the poll sis to back this -- policies to back this up. growth is going to move this forward. it's economic growth. are you seeing that across the world? you've got businesses a across the world. you reported earnings this week. tell me about the economy globally as you see it. >> look, i think where you have to start first is business if in general is very pleased to see some uncertainties removed. business never likes to see uncertainties and what you saw out here with whether it is brexit having a way forward here, whether it is with our own, whether it's usmca, whether it is obviously the phase one china agreement that the administration just concluded, these all remove uncertainties and that's always a very good thing for planning and going forward. i think that sets a good basis here. maria: is europe still weak? >> europe has -- again, brexit was a big impact on that. and different parts and different industries in europe are slower than others, that's for sure. again, we are all interconnected. the fact that you start to remove some of these uncertainties i think will have a positive effect. >> we've been hearing it consistently throughout this conference, the american economy really is the envy of the world and i think when you compare a lot of our policies, smart regulation, deregulation, renegotiating trade deals that don't benefit the american people and the american worker and of course tax reform and tax cuts and a fundamental belief in the power of innovation to propel us forward and really taking our foot off the neck of business but really celebrating the business that exists, so we are really happy about the i think for the president to deliver such a powerful speech, he was there, right on the heels of passing historic tax reform three years ago in january and now to be back again and to not only say this is what i've done, but this is what the results have meant for the people across the country, that elected him and the people that he's fighting for of course, has been really incredible. he gave a very powerful, very optimistic speech because we have a lot to be optimistic about. maria: my special thanks to ivanka trump and ginni rometty. when we come back, sap growing, what's driving the company's strong earnings and the outlook. coming up, we'll speak with the ceo. the you new role of business, what a new report from deloitte is saying about the role corporations play in society. we're back in two minutes' time. stay with us. ♪ ♪ ♪ i've been a caregiver for 20 years. no two patients are the same. predicting the next step for them can be challenging. today we're using the ibm cloud to run new analytics tools that help us better predict and plan a patient's recovery. ♪ ♪ ultimately, it's helping thousands of patients return home. and who doesn't love going home. woi felt completely helpless.hed online. my entire career and business were in jeopardy. i called reputation defender. vo: take control of your online reputation. get your free reputation report card at reputationdefender.com. find out your online reputation today and let the experts help you repair it. woman: they were able to restore my good name. vo: visit reputationdefender.com or call 1-877-866-8555. maria: welcome back. amid a strong economic backdrop in the united states, most of the world, companies are seeing positive earnings results. we are also seeing pretty good guidance, that includes sap, which saw great earnings results in the second half of 2019. sap of course focuses on software, including infrastructure as a service. joining me now is the co-chief executive officer of sap, jen morgan. jen, it's good to have you. >> thanks for having me, maria. maria: congratulations. >> thank you. maria: in the job you now 100 days. >> 100 days. maria: yo how's it going. >> it's like a marathon and a sprint. i spent most of the time listening. maria: we were talking with ginni rometty from ibm. she was talking about how incredible the cloud is. this is the core bread and butter at sap. how do you characterize things in terms of demand for cloud businesses. >> cloud gives companies an opportunity to move quickly and so for us, that's exactly where the growth is coming from. we believe experience is the new battleground. any company today that's not competing on experience is really at a race to the bottom. when you think about commodities and services, the price of those haven't changed over time. most companies today, the ones that we hear about, the ones that are the start-ups, the companies who are reinventing themselves are focused on experience. maria: you recently finished the qualtrix acquisition. what does that add to the bottom line in terms of earnings growth and tell us how long the integration will be. >> it's going great. ryan smith, the founder and co-ceo and his company have been unbelievable. really, when you look at experience as a driving factor, you look at companies who are literally stepping into other company's experience gaps. if you take a company like peloton, peloton stepped into an experience p gap o gap of a tral industry. they created a better experience. you look at a lot of long-standing companies around today, they're trying to do the same thing, reinvent and focus on experience. same thing is true in the workforce. when you look at the employee experience, companies are really having to re-recruit their people every day and understanding the experience is important to their employees is going to differentiate them. maria: you said you were talking to shareholders and colleagues. you've been talking to shareholders about margin expansion. >> yes. maria: resiewming this year. -- resuming this year. tell us how you're going to do it. >> with focus. we are our investor day in november. we spent a lot of time focusing on what was going to be important to sap. we've made about $40 billion of acquisitions in the last 10 years or so. and we have an incredible portfolio and so there's a lot more innovation that can come from that portfolio. so when we look at our customer base, we see that our customers have adopted not just one or two solutions, but many of those solutions. so taking that amazing dna, when you're a company that has huge success for many, many years and you go through acquisitions, you acquire a lot of great talent, different cultures. bringing all that dna together and combining that with the -- combining that with the engineering culture that sap has, a praecipe for innovation. they want us to see is innovate and focus. maria: they want to see capital returns. tell us how you're going to allocate cash. >> they want to see us focused, disciplined and have a capital allocation plan and we announced a buyback a couple months ago of one and-a-half billion dollars this year. maria: to return to shareholders. >> to return capital to our shareholders and we'll continue to evaluate that we're a growth company, maria. i want to be really, really clear about that that was the message we sent to our investors and employees and customers is that we're focused on growth and will continue to execute. maria: i love to see a woman breaking the glass ceiling the way you have to get to the top of sap. you're the co-ceo with christian, your colleague. what do you say to those people who say double ceos never work. >> well, so you have to have a foundation of trust and no ego and what we're doing is focusing matogether on having a common vision for the company and communicating that very, very clearly and together out in the market very, very often and then when you look at our backgrounds, a maria, we have very different backgrounds. when you move to the operational execution and day-to-day, this is where we can get the power of two people who can divide and conquer. so it's working well for us. we're excited. we're committed. most importantly, we have a great team behind us. maria: it's great to talk to you. consistent greacongratulations,e watching. quick break and the new role of business, what a new report from deloitte is saying about the role corporations play in society. wilbur ross, commerce secretary here as well. back in a minute. ♪ and a i it goss goes like, he, i'm blown away. goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. 1 in 3 deaths is caused by cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com maria: welcome back. deloitte's annual readiness report finding executives worldwide are embracing new cap capitalism, shows business leaders are moving away from focusing on shareholder value and looking at serving the broader world, shows an increasing number of executives beginning to act on environmental issues. joining me now is the ceo of deloitte u.s., joe yukazoglo. thank you for joining us. i have a real problem with this, the fact that people are trying to redefine capitalism. if public company ceos are not going to defend capitalism, then who is. >> i think this is the ultimate defense of capitalism. this not an either slash or. this is suggesting that we have to serve a broad cross-section of stakeholders and if we do that well, the shareholder returns will follow. maria: how is that different than a year ago, five years ago, you weren't -- in other words, employees had -- the do yo comms you operate in, they weren't important, now they are. >> the real issue, this has moved from the periphery to the core. companies have for quite a long time had some level of social purpose and responsibility built into the way they operate. often times you would see it in a different group, organizing a coordinated volunteer effort. what you see now, this is built into the strategy of the organization, adopting technology in a responsible fashion, investing in the workforce, really getting serious about climate change and that's not a side issue. that's at the core of the way companies are executing their strategy. maria: they're getting serious about climate change but they also want a footprint in china. and they want to cater to the communities they operate in but no word on the 1 million uyghurs sitting in camps in china. >> yes, clearly companies are having to make decisions about whether it's better to engage and use our platform to drive positive change or disengage. for the most part, leading corporations have decided that engaging is better than sitting on the sidelines. maria: you don't think this is just a bunch of pr? >> not at all. frankly, if you look at the mood in davos, the opportunities are tremendous but we're going to have to earn the trust of society to take advantage of those opportunities. and so technology, we're just at the tip of an explosive level of innovation, driven by the introduction of new technologies. and oftentimes we talked about these individually, whether it's 5g, the internet of things, cloud, cognitive, the real revelation is that if none of those individually, it's in the aggregate, the convergence that is going to drive growth in the real economy. now to do that, we're going to have to engage our employee base, we're going to have to up-skill. you heard for several years fears about what does this mean for people's jobs, what we're seeing is this creates more opportunity. we're sitting here in the u.s. with an unemployment rate at 50-year low, 3.5%. the opportunities have never been better. we as companies working with government have to play a role in giving opportunity and up-skilling the workforce to take advantage. maria: that i agree with and i definitely do feel that this skills training conversation is vital. so we appreciate it. joe, it's great to have you. >> great to be here. maria: thank you so much for being here. quick break and then we are he focused on trade, commerce secretary wilbur ross is here on usmca, china, what he's hearing in davos, all here, "mornings with maria." stay with us. ♪ at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk ♪ ♪ ♪ everything your trip needs for everyone you love. expedia. for everyone you love. i need all the breaks, that i can get. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ switzerland. >> thanks for joining us. i'm maria bartiromo, coming to you live this morning from the world economic forum in davos, switzerland, the biggest, brightest minds from across the political business world are gathered here, we are talking about the issues of the day, it illegals thuz january 23 top stories right now just 8:00 a.m. on the button on the east coast, threat of a global pandemic growing china locking down five cities at center of the coronavirus outbreak more than a dozen people killed health insurance affected by virus 580 cases, that we know so far, global airlines on high alert this morning we have everything you need to know coming up this morning. then this, making their case house democrats launching their arguments in president trump's impeachment trial in washington, not breaking any new ground president trump reaction this morning from my one-on-one interview coming up markets are moving fractionally this morning take a look at open, what we are expecting, in about an hour and half the dow jones industrial average down 49 points, thing worsened in last half an hour, nasdaq futures still positive but just by two points s&p futures negative, by three, rl gains faded yesterday as well on concerns over the coronavirus, checking the markets yesterday the dow down 9 three quarters points nasdaq higher by 12 s&p 500 up a point you've got earnings coming out in earnest on screen, you see beating estimates on revenue global market like this european indices mixed f. 00 down 28 cac quarante in paris down 8 dax lower by 61 european central banks decision out in the last hour, leaving rates unchanged as we expected, the central bank also saying that bond purchases will continue, for as long as necessary will end shortly before the first rate hike, we are not expecting a rate move in the next couple meetings, it was right across in about asia overnight due to fares of the coronavirus look at shanghai composite, the worst performer china, down two and three-quarters percent trying to get onboard michael bloomberg offering perks to lure campaign workers three laptops details coming up, all stories coming up thursday morning to break it down fox business dagen mcdowell, on "the wall street journal" assistant page editorial james freeman good morning. >> good morning hi, maria. >> interesting to see what with bloomberg is doing right now we've got to get into that this morning in terms of the race for 2020. >> yeah absolutely, why is the left more -- more angry at him because he is driving up ad rates across the country siphoning staff away from his democratic opponents, i am expecting much more outrage about that, as though -- as months wear on, when other candidates actually in the lead, run out of money after super tuesday there he is standing making the race because multibillionaire, prohibitively expensive for opponents. >> i think maria: they don't like him doesn't dock like they like bernie sanders, you've got bernie sanders impeachment trial, and, of course, hillary hillary trashed him again sounds like 2016 all over didn't mean to interrupt you go ahead. >> i was just looking at bloomberg news, i believe and i think the premise of his candidacy, is that there are moderate democrats out there despite what you see on tv and twitter that there are a lot of democratic voters who don't want to go, all the way left to a bernie sanders but fact mr. bloomberg has to keep juicing the benefit package to get people to work on campaign suggests maybe fuewer than we might have hoped. >> top story usmca you senator grassley signing the detail spending legislation to president trump's desk to be signed a major accomplishment of trade including the phase one deal with china, in this administration. joining me right now he commerce secretary wilbur ross to talk more about that secretary great to see you. thanks so much for being here congratulations, this is something you worked on a long time finally headed to the president's desk. >> it is wonderful, very safe on his desk he has been waiting this quite a little while. >> tell me about impact what is the real significance impact of usmca versus the old nafta. >> i think several impacts first of all it removes artificial barriers in terms of agriculture, that is very important thing for lots and lots of reasons. second, it has new chapters on digital very good we hope roll out into other agreements as we go forward. then third, it simply clears the air. it makes a very good base. it combined with china phase one, combined with the japan deals, combined with the korean, we have never bone closer to free trade environment in the world than what this president has accomplished. maria: wow! i want to ask what is next obviously, i spoke with president trump yesterday, in my one-on-one interview here in davos i asked him about europe and whether or not we are going to see tariffs additional on european union watch this. >> what do you want europe to do by more agriculture in order for you to hold back on additional tariffs. >> so we -- we made some great -- the china deal amazing we will be starting phase two very soon i left 25% tariffs on because good to negotiate for phase two they want to start phase two right away so do i we will start that right away the european union is tougher to deal with than anybody they have taken advantage of our country many, many years it was formed for taking advantage of the united states if you really think about it they have taken advantage been very, very tough to deal with for me very easy to deal with if we want make del we have to put 5% tariff, 20 or 25% i am sure they are going to make a deem. >> they have to do it they have no choice. maria: they have no choice, secretary? >> i think they have the desire to make a deal with us. frankly i have seen a little bit of the sense of panic, among some of the europeans, because they know that with us solidifying the usmca, and china phase one, they are m much stronger negotiating position than we've ever been. >> do you worry if we were to see additional tariffs on european products that that hurts the u.s. economy? >> i don't think so. you always have some backlash from them, they undoubtedly would do something to retaliate, but remember the president simply said this is if it fails our working assumption is it will not fail that we will make a deal with them, about i have met a couple times with the commissioner hogan, he used to be the agriculture commissioner so he certainly knows that side of things very, very well. whether that will make it easier or harder, about the real question. >> what are the priorities, europe uk, do you expect that you are going to see trade deals with -- with eu for example, in 2020? >> well we hope so. we won't be the delay the real delay is on eu side, because they have to get a mandate from every single country. so each one has one little thing it wants to pick at slows things down, makes decisions hard. at least with china there was one central authority that you dealt with. that central authority could deliver the deal, much more implicated with europe. maria: certainly one positive, of the top-down economy there uk we've got more progress we know, in terms of brexit do you expect a deal with uk this year? we hope so. the issues we have with them are far smaller than they are with europe because uk economy and ours much more similar to each other, than either of us is to europe, we are both service based, financial services a big sector in both fairly well integrated already and we have a real trust -- the president trump very much likes boris johnson that is also a good if you have the leadership wanting to be friendly and trusting each other. maria: have you also been in discussion with india secretary. >> i have spent two trips in india already last year probably more to come. india needs to do trade deals. and we're eager to cooperate with them. maria: perhaps that is another priority for 2020. >> very much doubt that would occur this year. >> okay, i see let me ask you about venezuela has been a year since juan guaidó declares himself recognized president of venezuela secretary you just met with guaidó in davos can you tell us about that meeting. >> yes, i had a very good one-on-one meeting with him, a private meeting. and i was really impressed you know took a lot of courage for him to smuggle himself out of venezuela. going to take even more courage for him to go back in. they already kidnapped one of his deputies, sort of in retribution for leaving the country. >> wow. >> the recognition of him in the rest of the world is growing. many we now have to inculcate that in venezuela, in the u.s. one hundred percent behind guaidó. >> look at that part of the world in terms of participation and partnerships that you could see with the united states. >> well, you have had very good recent election results, el salvador has a relatively new president, very pro-u.s. guatemala was led the delegation to that presidential inauguration, he is very pro-u.s.. panama very pro-u.s. brazil. the only one we lost some ground is argentina that is sad because argentina is a big country an important country, and should be doing a lot better than it is. >> let me end on united states, of course, we've got a very strong backdrop a lot of ceos continue to say, that this economy is the jewel of the world what kind of growth roughly speaking do you expect for 2020. >> once all deals kick in probably heads a half percentage point 50 basis points to gdp anyway. so that is a good starter. plus we won't have the gm strike again next year. that cost us something. and perhaps hopeful will boeing will roefl 737 max another 20 or 30 basis points, on the gdp. so the likelihood of up surprises is much greater than of down. meanwhile, the consumer is continuing to be the lead consumer spending as you know is 70%, of our economy. what encouraged me most the last consumer report savings rate was up to 7.9%. got as low as 2 1/2 when depths of the recession, so the consumer is not burned out, hasn't used all their dry powder, and that is really an important thing to keep us strong. >> strong balance sheet. >> low rates should tryingr more housing we are under developinging housing we need more houses to keep up with population growth and that is the sector that have i think is much more likely to recovery than to shrink because it is very interest rate-sensitive. >> fascinating thank you so much for that secretary good to see you. thank you so much secretary wilbur ross quick break coronavirus fears higher 17 people are dead, over 570 infected as world health organization weighs a global health emergency. >> airlines are saying emotional support animals might no longer fly back in a moment. ♪ ♪ all around the world ♪ ♪ all around the world ♪ ♪ no difference notre dare dame because your investments deserve the full story. t. rowe price invest with confidence. thouwhich is breast cancer metastthat has spreadcer, to other parts of the body, are living in the moment and taking ibrance. ibrance with an aromatase inhibitor is for postmenopausal women or for men with hr+/her2- metastatic breast cancer, as the first hormonal based therapy. ibrance plus letrozole significantly delayed disease progression versus letrozole, and shrank tumors in over half of patients. patients taking ibrance can develop low white blood cell counts which may cause serious infections that can lead to death. ibrance may cause severe inflammation of the lungs that can lead to death. tell your doctor right away if you have new or worsening symptoms, including trouble breathing, shortness of breath, cough, or chest pain. before taking ibrance, tell your doctor if you have fever, chills, or other signs of infection, liver or kidney problems, are pregnant, breastfeeding, or plan to become pregnant. common side effects include low red blood cell and low platelet counts, infections, tiredness, nausea, sore mouth, abnormalities in liver blood tests, diarrhea, hair thinning or loss, vomiting, rash, and loss of appetite. be in your moment. ask your doctor about ibrance. . > . cheryl: chinese officials are putting in place strictest travel bans more than 20 million people at least now five cities in the central region of china, being the coronavirus killing at least 17 skikening he more than 570 who decided whether to declare a global health emergency we may learn more today about that democratic dual off the campaign trial 2020 hopeful tulsi gabbard filing 50-million-dollar defamation lawsuit against hillary clinton gabbard on "fox & friends" this morning. >> for hillary clinton and her powerful allies to attempt to smear me and accuse me really implying i am a traitor to the country that i love is something that i cannot allow to go up checked. . cheryl: clinton did not name gabbard but strongly request implied she was referring to the hawaii congresswoman clinton spokesperson calling this ridiculous. >> department of transportation considering a ban on emotional support animals from flying with owners, after a surge of well unconventional animals made headlines one tried to fly with peacock pigs horses if new rules pass only professionally trained service dogs will be allowed to fly with their owners. i was on a flight a month ago with a great dog, my opinion let them stay but i send it back to you. maria: , of course, let them stay i don't like it thank you. >> you. >> hogwash the story is hogwash something trumped up by media we keep showing video peacock in airport never got on a plane a story that this is a story punishmented shed by want to charge you for bringing kags carrying cases onboard round trip delta 250 dollars, for the dog, to stay in a crate not that big of a problem. you know what is a problem? real housewives going on airplanes taking shoes off using their bare feet to flip through entertainment system that is a problem, not somebody bringing on a cute little french bulldog sweet because the dogs are nicer than people don't smell well-behaved take a nap shut up this is a story completely trumped up a money making effort by airlines to charge you for bringing animals i understand service dogs take priority, period i am not debating that this is a not a nonproblem. maria: quick break black stoep big buy i speak wisuspect steven schwartzman after the break we will be back with that man of talents goldman sachs ceo solomon here weighing in on state you have ipo market investing in 2020 plans to take one of of his unexpected all the way to the superbowl back in a minute. a very tough patch with china you know it better than anybody you say some days going to happen i walked out of a lot of meeting they walked out also, we had a deal almost finished they walked out this deal is better this deal is a portion of that deal but very big portion you know we cover intellectual property, finance, we kor things nobody thought they thought it was a farm deal it is not this is a massive detail phase one now go to phase two. maria: that was president trump during our one-on-one yesterday weighing in on phase one, china trade deal investors at world economic forum here in davos watching monitoring progress with china closely what a phase two deal could look like chairman ceo of blackstone group steven schwartzman you must have been happy they got the deal done with china. >> only been three years -- of have toing and froing, proposals i think important step since 1949, there hasn't been substantial bilateral treaty between on trade between china and the united states. so this is the first in a series of steps, and it is important to de-escalate tensions, these two countries together, have somewhere depending how you calculate it out 35 to 40% of the entire world's economy, and over 200 countries, so so it is exceptionally consequential what happens to these two countries. maria: i know the access is important for american companies financial services getting to own their companies, out and out, what do you want to see, in a phase two deal? what is needed now? >> well you are going to need, adjustments on tariffs long-term basis tariffs taxes, that is one of the things nontariff trade barriers bringing goods into china. there is the whole issue of subsidies for state owned enterprises which i i think will be very hard. for the chinese to -- to deem with a host of other things. maria: steve how worried are you about coronavirus you've got schwartzman scholars successful program for students across the world able to go to china america to actually progress are you worried about coronavirus with scholars there. >> if world health organization is worried i am worried any reasonable person, would haveto the focus on this our students happen to be in beijing apparently there is no indication that the virus traveled there, but i think it is time for overall global focus on this, because are apparently this virus is very strong, and is easily transmitted it is in the united states it is different places, in -- in china and things tend to accelerate not decelerate. >> blackstone massive a trillion dollars with money under management how are you allocating that money today in terms of sectors industries do you find at this point after run-up that we have seen things have gotten expensive. >> i think things have gotten expensive, of course. but part of what we do, wise don't have to be invested every day, i know we are like a basketball player keeps passing the ball looking for the open shot. and then we draw down money we make the investment. so they are interesting areas, and life science, for example, not correlated with sort of overall economic values, there's -- growth equity, where you can take advantage of the high growth companies but we like to make sure these companies are profitable. we're not in the business of counting eyeballs, and other odd measurements that have occurred, with -- with tech companies. we keep finding interesting things around the world in real estate. in private equity, it is not as easy for some of the pricing but last year we invested very large amount of money we just happened to find good things. we start the year, you never know. maria: voo there is better value in europe given the -- the -- you know the different situations in terms of backdrop a lot weaker than u.s. >> depends what kind of asset class. in real estate we found a way to put out a lot of money in europe interestingly europeans as a rule have much less confidence in their own economies than outsiders like ourselves we don't have a normal emotional engagement with things we just look at them on thely if there is something we can buy, and improve, then that is what we do. >> tell me about this most recent joint venture to acquire mgm grand mandalay reports what was attractive there, in terms of the value? >> well we raise money in real estate at different rates of different rates of return for consumers. so today because yields are so low if we can basically create a 5% current return overall return, for an investor in 10 to 12% range that is extremely attractive, and so what we did, with mgm they wanted to raise money, we basically bought the real estate assets, of two of their giant casinos, and then leased it back to them. indicated rates of return i was talking about. the reason we did this is to full faith and credit of mgm the corporation. is behind that there is some inflation escalators and some other things, so it is -- it is -- a very safe ebb about predictable kinds of investment which is a good thing for customers. maria: steve let me ask you about the expansion opportunities in retail, because you've been talking recently, and for a couple of years looking for ways to create you costume made products for retiremeaccounts a welcome. >> first of our type to basically focus on retail it is a massive part of the financial system with relatively little what is called alternative asset products. the kinds of things that we do whether it is real estate, or private equity or credit products. >> those people didn't have access to it before. >> well they have some restrictions from the government on retirement accounts. and the products are more implicated to sell. so retailers didn't sell them. we started running like a miniuniversity, to train people, and now we have very large ability to market at retail. so when things follows on with mgm is designing this product, that gives the kind of 5% plus 10 to 12 the hopes, you know my lawyers would say, you know, to say nothing is ever certain, but we think this is a good shot. and we are raising very, very large amounts of more than and we're doing it around the world doing it at retail. maria: your fund-raising has been ub abohas been unbelievabl about about incredible emempire congrats on the best-seller list. >> thank you so much steve schwartzman founder ceo blackstone some languages may be more desirable than others. >>. >> that is next. what i am saying. >> brand-new survey saying avoir to american being a krernts man of talents in tent at fox goldman sachs ceo david solomon is here weighing in on state of the ipo market investing in 2020 plans to take one of his unexpected talents all the way to the super bowl, back in a minute. ♪ ♪ i'm really into 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(narrator) before you buy a car, see what others paid for it with truecar. liliv announcer: here again is maria bartiromo with special edition of "mornings with maria" live from switzerland. >> the australia withstand wildfires claimed lives of three american firefighters, cheryl casone on headlines now. cheryl: that is right, maria. firefighters were killed in a plane crash, there. the plane was on its way to fire bottoming mission in new south wales lost contact with control tower wreckage in snowy minaro region not known where firefighters were were from in united states. >> bloomberg not sparing any expense using perksfully course meals iphones macbook pros to get them from revivals paying ten the house a month compared to 4500 for candidate former new york city mayor worth will estimated 50 billion dollars, study casting light how people perceive accents. >> looks like -- >> exactly you got advantage over you -- >> what is going on? >> well, you might not sound as bad as, this but a study from travel and leisure americans are worried about how accent would be perceived for good reason americans judged to sound most uneducated, for other notable accents french being a krernts sexity italian passionate caribbean most friendly nothing about so yyou southern that i tried. >> that was funny, the state of business today, at a a panel in davos yesterday next guest goldman sachs ceo david solomon said that wework ipo collapse was an example of the public listings process working, joining me right now goldman sachs ceo david solomon dave great to see you. >> great to see you thanks for having me. >> thank you so much being here that was a big deal you say the process tell us why. >> ultimately, as we all know wework did not go public, world is very transparent today on panel you referred to we talked a little bit about process how a company approaches firmed like ours to go public they come xrooist companies not great transparency they give you a model our plan next five years you look at that model you say, if we do due diligence work through process this turns out verdict everybody believes in it company could be worth this you do due diligence an example of a company having a very aggressive model ultimately the process brought it back to a place where it was clear this company wasn't ready to go public. now it was much more public, played out in the public, in a way that maybe 10, 10 years agoog wouldn't have much traisht the process vetting company dialogue with investors clear this wasn't ready to go public i think process working. >> good analysis there what does 2020 look like in terms of ipo, m&a how does business climate feel to you. >> feels pretty good the underlying economy is pretty good, i think as you look at 2020, the chance of an economic slowdown around the world in 2020 feel low at this point. i think underpinned by strong u.s. economy consumer doing very, very well, the industrial manufacturing sector a little bit sort of but no question the consumer is making up for it, so you know i think we should see the world grow 3, 3 1/2% this year barring some sort of. >> i have confidence the environment constructive i hear from ceos getting around have an opportunity to gauge with people talking about plans for year ahead getting you know relatively confident message. >> what you are i don't your plans i know an investor day are you going to communicate many overhang issues whether imdb, provisions litigation other issues the investments that you have been doing, online consumer business, et cetera. are the big issues in the room at this point for goldman. >> very excited about prospects for goldman sachs going forward our leadership team is working very hard to drive the organization forward to grow expand franchise to better serve our clients we went public 20 years ago we have never had an investor day when i became ceo year and a half ago i thought about a number of principles i thought very important transparency is one the spirit of that for the first time next monday we go out talk to market, with a lot more detail, about our existing core businesses, and how we are going to seek to invest in them grow them and an them but also a handful new business where we have talked publicly about how making investments consumer business transaction banking the growth of our asset management business particularly alternative will give the market more information about our plans to increase returns, put out some information that market can hold us accountable to offer time for performance, and run our, more incredibly so we can deliver dpoer shareholders. >> asset management had a shake-up when we saw commissions go to zero. and then you have schwab td ameritrade merging because of that vanguard fidelity competitive in terms of euro commissions that is the impact on asset management. >> our asset management business we have one of the three active platforms our clients largely institutional hire to us provide advice around how to maings, how to managers significant institutional assets we have a wealth management business that feeds assets, into that asset management business but we think asset management business is positioned to grow based on the value add, that it brings to our clients if we perform relatively well it will continue to grow. we're the not in passive business we are not in that business we tenant. >> competitive situation. >> very small we want active platform if you look at thesets, that we acquired over last few years grown another faster pace, than the other active asset managers. >> it was a big deal, when you pivoted toward consumer retail i want to ask about investing in that business in particular the only consumer business the apple card transaction banking all things, that are really hitting a newer audience perhaps newer growth opportunities for goldman. >> sure, so a transaction banking actually is an extension of services we provide to corporations, so for a long time goldman sachs had great relationships with corporations all over the world because of investment banking business but we haven't provided cash management services transaction banking services take place he corporate deposits from corporations we have been a customer of those services we saw a need for our own spefrns where we could build a platform that we thought would add value put ourselves on that platform in and of itself a good investment for goldman sachs, but now we are inviting commerce on to that platform we think we can build a nice business it fits to a theme focused on where do we have strength strength relationship with corporates can we bring a product service that adds value enhances we think transaction banking is a good example of that. with respect to the consumer given the changes in regulatory world last decade it was clears we had to bring deposits into goldman sachs would benefit from changing funding mix for some deposits, funding when you thought about doing that digital deposits as opposed to branches seems starting from scratch better way we sit out first to build a platform to bring dym deposits but ultimately saw real opportunity for unique digital bank, over last three years built a very nice business optimistic over next dade we can build a consequential dym bank that helps consumers with financial needs. >> how big would you like to see that business get relative to the core strength of goldman. >> when you look at core strength of goldman very, very significant businesses, and we have no, no aspiration for this consumer business, in the next three to five years to be near the size of those businesses. but could be a very meaningful business makes a significant meaningful contribution to goldman sachs. over the next five years, and also, gives us an opportunity to grow our wealth management business and tie other things in platform into this digit offering so we are excited about it but there is a lot of work to do we will provide more color on it, it in plans for that next week. >> we look forward to that i will be watching that do they call you d.j. sol. >> some call me desol is it a started with kids gave me that long before clear anybody would know anything about personal hobbies. >> what are those one is d.j., reports that you are going to perform at sports illustrated are you you doing this. >> the opportunity to play phenomenono for an hour that they would make it very, very nice charitable donation to shadow proof with music activities i decided to do it while down there play on hour saturday night be able to support, very, very important charity. >> so fantastic how long have you been djing. >> 7 or 8 years i enjoy it, and you know a nice thing to take mind off the focus of goldman sachs. >> thanks for leadership good to see you. >> nice to see you. thanks so much. >> david solomon ceo of goldman sachs, tune in friday live in miami ahead of liv. >> fourth quarter earnings out with christina. >> thank you a lot to talk about starting with american airlines profit and revenue beat with their recent report they did announce they had to cancel 10,000 flights because of grounding boeing 737, also had operational issues, that added to delays, the company ceo did say we know there is more work to be done you can see earnings beat there, move to comcast largest capable providers in the united states in 2019, 44% u.s. households did subscribe to comcast strength there 48 dollars a share remarket premarket trading launching peacock will streaming service pg procter & gamble i don't know if anybody noticed gillette brand prides up increased 2% mixed results said still work to be done i will quickly end with spx mechanic moran mining company double beat for their rngs report last, southwest going through this fast southwest earnings fell short talked about boeing 737 grounding said if this continues going to ask for more compensation from boeing share price 53.14 premarket trading back to you. >> all right. thank you so much kristina partsinevelos, new york stock exchange to studio b, "varney & company" post stuart varney there who is on deck. >> a big show for you first of all, anthony fauci the national institute on contagious diseases i want to know how do you keep america safe from kroro on coronavirus m two andrew wheeler top guy i want to know about hated i i hate it waterways regulation i believe epa doing away with it i am there to cheer them on, finally, prince charles, no, he is not a guest on the show but is calling for revolution i find that strange, a future king calls for revolution? how about that one maria we've got it all on show today a big show, i hope you can join us later. >> i will be there i will see you he then thank you so much see you 10 minutes "varney & company" begins top of the hour 9:00 a.m. eastern quick break then speaking with nato secretary general jens stoltenberg on expanding u.s. presence in the middle east a lot more a special update from tennis channel so that welcome back for fox business day four melbourne saw two top stars take one step forward in quest for first career grand slam title. world four powered his way to vikt with a dominant display over martinez. >> thanks to 19 aces u.s. open runner-up cruised to straight set victory. >> -- look at this [cheers and applause] >> world number 77 booked addict into third round taking out the bella russian. >> german yet to drop a set down under. >> don't forget tennis channel live coverage aussie open daily 6 pm eastern. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing technology to help the visually impaired. we are so good. we built a guide that uses ibm watson... to help the blind. it is already working in cities like tokyo. my dream is to help millions more people like me. woman: friction points, those obstacles that limit a company's growth. i try to find companies that turn these challenges into opportunities. it's these unique companies with creative business models that will generate value for our investors. that's why i go beyond the numbers. that will generate value for our investors. oh no, here comes gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. maria: welcome back, nato increasing middle east foot footprint second jean jens stoltenberg meeting with iraqi president as he seeks to amp up military training i spoke with president trump yesterday about europe's need to spend more on defense, watch. >> why isn't germany and france and uk, and all -- >> let me -- we are also a like the fools say ask that question. >> i got to you look what i did with nato 530 billion dollars more not total, more. my biggest fan is stoltenberg secretary general. >> he will be on show. >> you should put him on the show. >> joining me right now nato secretary general himself jens stoltenberg thank you so much for joining me. >> thank you for having me. >> is this true you andp trump formed this very close relationship? >> we work closely together because we are concerned about the same things we are concerned about the terrorism also important having fair burden sharing within nato alliance, to north america and europe, of course, share the burden in fair way, and he has been very caring about european allies have to spend more, message is having impact, on all european allies and canada -- are investing more making nato stronger. >> you think they will get up to that 2% of gdp target by the 2020 -- 2024. >> target be there by 2024, more al loois now, meet 2% target already. all started to increase defense spending, and majority of allies have to be there by 2024 we have made a lot of progress and -- many billion u.s. dollars for defense spend in europe and canada but still have a long way to go therefore we continue to be very care on message we need. >> secretary let me ask you about this you know, need to be more exposed to iran -- iraq irain in afghanistan what can you tell us about your meeting this are morning with president iraq. >> i discussed possibilities nato increasing presence in iraq by providing more support to the iraqi security forces we have to fight terrorism make sure -- to are tall ballpark al-qaida doesn't return to communist i believe strongly best way we can do that training local forces building supporting local governments so they can stablelize their own crunches in long run nato u.s. having to deploy thousands of troops in combat operations we are now train and help built we are looking to how to scale up and do even more of that kind of training capacity building. >> did you get a good response from him? most recent provocations from iran, there were reports that they want for example u.s. troops out of iraq. >> we are announced we are sitting down with iraboutak looking how we can create framework to drive support, important for all, also important for us, because we cannot have isis controlling big territories in iraq syria al-qaida taliban coming back controlling, making in afghanistan -- unsafe, terrorism, remember nato went into in afghanistan we are been in iraq after 9/11 attack on united states, a violent response to attack on united states of america first and only time nato triggered collective -- to defend each other, after 9/11 attack against united states. >> russia, vladimir putin recently cementing hold in a power grab i want your take on this what is the current threat from interest moscow now we see vladimir putin ensuring that he is in control even after he is out of of those? >> we don't see imminent threat against any nato ally from military attack from russia, but what we see is a more to russia used military force against neighbors ukraine, georgia nato has to responded to that we have responded to that by increasing the forces, for first time in history, have conduct embattling troops in baltic countries and poll we will continue to strive for better relationship with russia try political dialogue with russia to reduce tensions also agree arms control to prevent dual track approach russia strong in terms of defend at the same time reach out for dialogue to try to improve our relationship with russia of a how concerned are you about increasing partnership between about russia, china and iran? because you've got iran, selling 70% of its oil and gas to china, you've got iran russia strengthening their relationship, what is your take? >> the rise of china is -- changing the global balance of power. they all they have second largest defense budget in the world. they are investing heavily in capabilities, continue continental he can ballistic missiles can reach north america, europe, and, of course, we have to look into the consequences of the rise of china especially if we see more and more cooperation between china and for instance russia. for me that is just another argument for >> we are by far the strongest military force together. 50 percent of the world economy. so standing together, we are safe. ashley: it has great to have you. it has good to talk with you again. i will see you back tomorrow your life. guys, it was quite a show. i didn't get enough time to talk with you for sure. >> i think as a senate trial resumes this afternoon, all of the american people are watching this. you can not rely on a lot of the media who found adam schiff battling as one commentator said. i would hope that people would watch it decide for themselves. ashley: i think there you are right. we're just not getting the transformation was in a noose over the process in the house was. they were making up the rules as they went along. in the senate, ted cruz, the other senators, lindsey graham, they have promised a fair trial here. stuart: i would just add maria, the interview with the present this week he talked about the benefits in training across borders in hope fully those who start an invite. >> will see. how great god have a great day guys. stuart taken away. stuart: good morning everyone printed dramatic action by china to halt the spread of the coronavirus. the city has quarantined in nobody goes in or out by public transportation. 11 million people live there in this with the outbreak started in quarantine has drastic. china's leadership does not want another epidemic. in the world health organization me today whether the corona virus outbreak should be declared a global emergency. facemasks are back. but it has, stock markets in

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