Secondwealthiest man in the world . Is that right . Klaus schwab is the entrepreneur, the engineer, the economist, and the maestro who has organized the World Economic forum over the last 50 years. In over 50 years, it has been a place where the elites of the world have gathered to talk about global issues. I have been a member of the World Economic forum board for a number of years, and i have seen up close the extraordinary skills of klaus schwab. Let me ask you, at the end of january for the last 50 years or so, the elites of the world, the most famous businesspeople, the most famous heads of state gather in davos to talk about various financial issues. This january, is it going to be possible . Klaus yes, we come together for the usual week, that in the virtual form. It is so important to look at the agenda of 2021 and to shape the agenda. We are at a crossroads. But the Virtual Meeting is not enough, so we combined it with a meeting where people physically will meet again, later i
Senate is a hotbed of activity. What happens next and when does it happen . Sahil today there are a series of ceremonial procedures that happen. All 100 senators are expected to be sworn in as jurors in the trial by the chief justice. After this, they will break for the long weekend with mlk day on monday, and then on tuesday the expectation is there will be a resolution on the floor of the senate to set the procedures for the trial. That could include issues like witnesses, the length of the trial, all sorts of procedures, on which there is not agreement, especially on witnesses between democrats and republicans. There is contention between the sides that are yet to be sorted. We will know more earlier. Guy david will the initial rent resolution resolve the question of witnesses . I understand one point mcconnell says lets wait until we get it going. Sahil there is a good chance democrats will use the power they have to force votes on witnesses. Theyve insisted that figures like john
Brief. At 1 00 eastern time, we will see hear from randal quarles. At midnight tonight, the u. S. Government will shut down unless of the house and senate can, up with a lastminute compromise. Now, lets find out what is going on outside the business world. Time is running out for a partialo avert shutdown of the u. S. Government pay the house passed a measure that would keep the government open past tonight while Lawmakers Debate a longterm spending measure. Senate say they have the votes to block the bill. They want to include productions for young undocumented immigrants. According to people familiar with the matter, the fed wants to relax part of the post crisis demand to drastically increase capital levels. The fed is said to be opposed by the fdic, which has authority over banking rules. The European Central bank seems to be getting closer to signaling an end to quantitative easing. Almost half of those surveyed believe there will be a definite end date by june. That is a sign tha
The economy is maintaining last years momentum. Let us have a look at what is going on with regard to the moon out there. We have records for mood out there. The dows climbing. Its always we have so far for the asian equity sessions. Sessions. 225 of 0. 1 . We are showing a contraction there. That came days after the bank of korea itself raised growth forecasts looking at 2018. Overall, the dollars strength is climbing a little bit compared to its japanese counterpart. It is waiting into the unusual theic discussion, saying strong dollar is favored after endorseduchin an a weaker dollar. That prevented a fallback. Let us have a look at what this chart says. We have industrial profits coming out. The chinese economy is a tale of two sectors. The diversions between large and Small Companies is deepening. We have the pmis for the Large Companies in indigo. You can see how they have been expanding under the contraction for small ones, and that is reflected in the stock prices. Blue,e the c
Rishaad what a rally it has been so far in january. Lets have a look at what has been going on with china. Hong kong versus shanghai. Bringing up a chart for you. Main equities may be in the shadow. The benchmark is notching up and moving, closing at its highest level since 2015. It has been a rock and roll ride. Rough 2016. A it sparked off some panic. Eight home 2017. 20 17. A call lets not forget hong kong. Its a redhot stock market. Looking at this tends to show you what happened here with the momentum building up as we head further into the year. Perhaps more games to come . That is the big question. Haidi particularly as the market looks at the rise of china. It is a global synchronized growth story. Speeding through the earnings season. That is where we all record highs. They had so much momentum coming out of the u. S. Targets. Over 18 have beat estimates. You can see that coming through. Looking at the asian session, we are preoccupied with a few things. Apple supplies. When t