Good morning. Welcome to Worldwide Exchange on cnbc from a chilly davos, switzerland, im sara eisen. Im wilfred frost. Good morning to you from me. Were coming to you from the World Economic forum in davos, switzerland. The annual gathering of Global Political leaders, ceos and policymakers. Yes, it is chilly, but a fantastic setting. A fantastic setting and a lot of news. Our guests this morning include jim coulter, he will join us in a few moments. At 5 15, Princeton University president Christopher Eisgruber will be here to join us. At 5 30, Stephen Pagliuca stops by. And a wide ranging conversation on the economy with nourie Nouriel Roubini. Another busy morning ahead on Worldwide Exchange. A lot of headlines to discuss. Heres the cover of the china daily. President xi here at the World Economic forum getting a lot of attention, not just in davos, switzerland, around the world. Here is his home, boost open economies, a defender of globalism. This is the front and center debate. Hug
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. We are coming to you once again from the World Economic forum in davos, switzerland, an annual gathering of political leaders, ceos, bankers and business decisionmakers. Our special guests this morning, david rubinstein, he will join us in just a minute. Later, tim adams from the institute of International Finance and bill browder will join us. All of this as well as investment ideas from jpsJoshua Friedman. Yesterday we saw slight gains for the nasdaq and s p. The dow had its fourth negative session in a row. Albeit slight declines. Right now, 27 points on the dow called lower. We did see a rebound yesterday in the dollar, but also in the yields. They pushed higher having hit a low of 2. 3 during tuesdays trade. Today the yield on the ten overnote is 2. 43 . Its been 67 sessions and we have not seen a down session. The top stories today, central banks, ecb holding its first policy meeting of the year
But i recognize how important it is to provide business, the Public Sector and everybody with as much certainty as possible as we go through the process. So where we can offer that certainty, we will do so. That is why, last year, we acted quickly to get clarity about farm payments and university fu funding. It is why, as we repeal the european communities act we will convert the body of existing eu law into british law. This will give the country maximum certainty as we leave the eu. The same rules and laws will apply on the day after brexit as they did before. It will be for the British Parliament to decide on any changes to that law after full scrutiny and proper parliamentary debate. When it comes to parliament there is one other way id like to provide certainty. I can confirm today the government will put the final deal agreed between the uk and eu to a vote of both houses of parliament before it comes into force. This weekend on American History tv on cspan3, saturday night at 9
1977. Fooled you. Go to cspan. Org for a full list of the schedule. Up next on cspan3, the president of china defenders globalization at the davos forum in switzerland, then Public Diplomacy and national security. A look at Justice Sandra day oconnor and later, confirmation hearing for congressman mike mom p mike pompeo. The president ial inauguration of donald trump is friday. Cspan will have live coverage of all the days events and ceremonies. Watch live on cspan and cspan. Org and listen live on the free cspan radio app. At the World Economic forum in davos, switzerland, chinas president talked about his countrys role in the global acade economy. President xi jinping said you cant blame the worlds economy on the globalization alone. Hes the first to address the forum and introduced
Australias aboriginals the latest push to recognise them in the constitution. So we are two hours into another ceasefire, this one three days lornings and has been long, and has been agreed to by palestinian factions. Israeli army announced that it was pulling out its Ground Forces from gaza, and the israeli delegation is expected to travel to cairo for talks with palestinian factions. These are some of the live pictures out of gaza city. The truce appears to be holding, despite a burst of military activity from both sides in the minute leading up to the deadline. Traffic back on the street, but gazans will be wary of the truce, seeing so many others broken during the course of this conflict. And what exactly are the palestinian factions, including hamass demands. They want a full israeli withdrawal from gaza, an end to the israeli and egyptian blockade of the territory. The release of hamas prisoners, and International Assistance in the reconstruction of gaza. For its part, israel it