During the war and the Great Depression of the 1930s there was a call to create a global Monetary System before the wars end and create a way to reestablish world trade. The u. S. And Great Britain led the way and the delegates are traveled obretonwoods new hampshire. The 70th anniversary of the conference in 2014, has an opportunity to reflect on the International Monetary funds past and review some of the key Lessons Learned and look into its future. I monitored are discussions, the topic, imf 70 years later, reflections and looking ahead. I was joined by Christine Lagarde, are madeline gordon, and the former imf managing director john lipske, who is with the Johns Hopkins school of international studies. The imf is made up of 188 states, think of them as shareholders. Think of the u. S. As the lead shareholder. Brazil and china have grown, their influence has to change and for that to happen congress has to pass enabling legislation and that is something the u. S. Congress just wont
Say egypt has been a very important element in the stability of the middle east over the past 25 years. It is hard to calibrate. California gregoire they are, where theyre going. The president of egypt was proposing sweeping constitutional changes a few weeks ago. It is very unclear. Whether you freeze the kind of aid at this point or slowdown is a very legitimate question. Host the news of the morning, latest Unemployment Rate remains unchanged. 7. 8 . The economy adding 155,000 jobs in december. This from the bureau of labor statistics. Reaction . Guest the Unemployment Rate is too high. I do not think that is the number we should focus on. We should focus on the number of new jobs. The Unemployment Rate can take up or down depending how many people are looking for work. It is not necessarily directly a reflection of the improvement of the economy. 155,000 is okay, not great. It takes 80,000 or 90,000 jobs i cannot remember the exact number just to breakeven. It is in the plus territ
We take you behind the scenes at one company that makes the protection for all of those professional players. All of that and so much more on this hour of markets now. Dagen good morning, everybody. Good day, where ever you are. The Service Sector reading was the market not so much. Nicole yesterday, we gained almost 100 points. We have mostly of arrows in the last five trading days. The dow right now up four points. Virtually flat. You have the private businesses. You have the jobless claims. The dollar is very strong. There is a lot going on. Dagen the debate over syria. Rich edson is in washington, d. C. With the very latest. Rich good morning. President obama has arrived at the g20. The president canceled his one on one meeting with vladimir putin. That does not mean that they will not see each other. They both managed to smile. We will have a conversation about the situation in syria. The use of chemical weapons in syria is not only a tragedy, but also a violation of International
Tremendously, tremendously. China would have superseded us in two years as an economic power, now they are not even close. China, i found it very insulting. I said it to them, china, 25 is very insulting. 25, they are going to take over economically, the world. I said thats not happening. Weve gone way up and theyve gone down i dont want them to go down, weve had a good meeting and we will see what they can do. Millions of dollars will soon be pouring into our treasury from taxes china is paying and if you speak speak to mr. Pillsbury who is probably the leading authority on china, you know who else hasnt . China hasnt . We are going to try to make a deal with china, i want to have
great relationships with president xi, as i do, and also with china. Reporter mr. President , how do you see your role as a moral leader . As a moral leader, though . President trump i think i am a great moral leader and i love our country. Go ahead, please. Reporter you said earlier in the Press Conference
Tremendously. Tremendously. China would have super seeded us in two years as an economic power. Now theyre not even close. China got rid of their china 25. I find it insulting. I said that to them. I said china 25. That means in 2025 theyre going to take over economically the world. I said thats not happening. And were going way up. And theyve gone down. I dont want them to go down. Well have a good meeting, and were going to see what we can do. But i have to say this. Billions of dollars will soon be pouring into our treasury from taxes that china is paying for us, and if you speak to mr. Pills bury who probably is the leading authority on china, he was on the other day saying hes never seen anything like it. You know what hasnt . China hasnt. But were going to try to make a deal with china because i want to have great relationships with
president xi as i do and also with china. Reporter how do you see your role as a moral leader . Theres so many people. Im. Reporter as a moral leader