My colleagues at northwestern, it is my absolute pleasure to introduce to you today my friend Ginni Rometty bit before we get started i want to thank steve and bill whiteof as well as many members of the northwestern Senior Administration joint custody. So i met ginny the first time when she got the alumni award in 2010. By then she was on the list of the 50 most powerful women in business and i visited her later that year in 2010, and i had a conversation with her that prompted us to create the master of science in analytics which started with 40 students and a thousand applications, so thank you for proposing that. And then we had when the ibm anniversary was coming, ginni one of the first stops was here, not inot this building but in te center for the centennial lecture for ibm. That was march 2011. Then she invited me to an absolutely amazing event coinciding with a United Nations meeting in new york for the ibm anniversary. And shortly thereafter she began she became ceo of ibm, a
We got three reporters covering it all there. Phil lebeau on the cars and the crash tests. Housing, diana olick and the economy, steve leisman. But we do start with phil and these new crash tests on the ford f150. Give us more details, phil. Mandy this is a mixed review from the Insurance Institute for highway safety. Look at the crash test video. The good news for ford and for f150 owners they tested two versions of the truck, the super crew version which is the most popular version, all good ratings across the board. Extended cab, four good ratings but one acceptable citing injuries to the driver. Ford says it is making changes in the extended cab for 2016 to ensure that it passes all of the safety tests. But heres the negative news in this review by the iihs. It has to do with the cost of repairing the aluminum panels on the f150. They say those repair costs could be 26 more than the old repairs against a steel panel version. They say that repairing aluminum is timelier or takes mor
Attack by the president elect. Its tuesday, january 17, 2017. Worldwide exchange begins now. Good morning. Welcome to a very special edition of Worldwide Exchange. Im sara eisen. Im wilfred frost. Were coming live from the World Economic forum in davos, switzerland. This week its the annual gathering of the Global Political leaders, ceos, bankers and decisionmakers. As u. S. President elect trump prepares to take office friday. Among our guests this morning, we have the ceo of Society Generale here. And we have jacob frenkel. We will talk geopolitics with ken rogoff. Ian bremer joins us as well. So many big stories to talk about. A forum of international leaders, ceos and global elite. Starting in just about ten minutes time, president xi jinping, the leader of the biggest communist economy in the world will address a whole load of corporate leaders, likely to back up the argument for free trade. In three days time, the new leader of the biggest capitalist economy in the world will lik
Legislation. Our roadmap begins with signs of confidence and optimism, those are the words of the president as stocks notch their longest record setting streak in a quarter century. Plus, trumps cabinet trouble. The president s top pick for labor suddenly withdrawing from a nomination with nearly half of his cabinet and Administrative Team still yet to be confirmed. Snap valuing itself between 19 billion and 22 billion as the owner of snapchat prepares for one of the most hotly anticipated ipos of the year. First up though, the historic runup in stocks getting the president s attention. This morning he tweets, stock market hits new high with longest winning streak in decades. Great level of confidence and optimism, even before the tax plan rollout. Hes referring, guys, to the series of record highs set by all three major indices for a running number of days. And if you look back at the first month performance on the s p, jim, hes got the best record. You got to go back to lbj to see an
Before we get started, we have breaknews. Lets get to Steve Liesman back at hq. Steve . From a Trump Press Conference to liesman on big numbers on debt, huge numbers. The new york fed saying Household Debt rising by 226 billion in the Fourth Quarter of 2016. That is the biggest jump in Household Debt since the Fourth Quarter of 2013. It is now at 12. 58 trillion, the biggest number since the Fourth Quarter of 08, which youll remember is right around when it started to decline with the financial crisis. What led the way . Mortgages at auto loans were behind this rise in Household Debt. But interestingly, bankruptcies and foreclosures reached an 18year low, which is the history of this particular survey. So, those rates are really well down. Youre not seeing a rise in bankruptcies and foreclosures, even while youre seeing the rise in debt. Credit cards and student loan balances were also part of the increase. Carl, we dont know if this is part of the trump phenomenon, the post confidence