Speaker 1: Borga Brende there wrapping it up their president and CEO
Speaker 1: of the World Economic Forum, having just spoken with the
Speaker 1: United States President Donald Trump as he addressed Davos, and
Speaker 1: just to run through some of the key focuses. Of course,
Speaker 1: his election win was where he focused initially and then
Speaker 1: tackling crime, immigration, energy inflation, whether it's looking at energy deregulation,
Speaker 1: even talking about powering AI in the US with coal,
Speaker 1: tackling trade policies, deficits relationships. He spanned China, Asia, Canada,
Speaker 1: the EU, singling out some of the legal action being
Speaker 1: taken by the EU against some of the big tech
Speaker 1: companies here in the United States, of course Meta Google,
Speaker 1: Apple being singled out there, concerns about the Russia and
Speaker 1: Ukraine War once again focused on and in fact a
Speaker 1: view that all prices need to come down to be
Speaker 1: able to ensure peace there, and calling on Saudi Arabia
Speaker 1: to op its investment in the United States to a
Speaker 1: trillion dollars, but also calling on Saudi Arabia and OPEK
Speaker 1: to reduce energy prices and all prices more broadly, and
Speaker 1: then going on to tackle the relationship the future focus
Speaker 1: of China. Let's wrap it up with bny Megs Lisa Bromowitz,
Speaker 1: who is out in Davos. What was it like to
Speaker 1: be there? What did you think about the statements and questions?
Speaker 1: Being my age as well, well.
Speaker 2: I will just say, Caroline and thank you so much
Speaker 2: for having me that the line outside of the Congress
Speaker 2: Center where he was going to be broadcast was the
Speaker 2: longest I have ever seen in my years coming to Davos.
Speaker 2: There were people standing there for an hour ahead of
Speaker 2: time for the chance to be in that room, which
Speaker 2: gives you a sense at a time the last day,
Speaker 2: when a lot of people are already gone, of how
Speaker 2: important people thought this would be.
Speaker 3: To listen to. I will say the fact that he.
Speaker 2: Did take the time to message into Davos was very
Speaker 2: interesting in terms of an international outreach. In terms of
Speaker 2: the main takeaways for me, at least with respect to
Speaker 2: your question about what the main questions here were.
Speaker 3: Number One, he wants lower.
Speaker 2: Oil prices and he is going to ask Mohammed Vincelman
Speaker 2: of Saudi Arabia for a trillion dollar.
Speaker 3: Investment in the United States.
Speaker 2: He wants Opek to lower their prices, and he wants
Speaker 2: to quickly remove some of the constraints around regulations and
Speaker 2: permitting for energy projects. Number two, he wants lower interest rates.
Speaker 2: He wants lower interest rates for the United States and
Speaker 2: around the world, really trying to make.
Speaker 3: That a priority. I thought that was very interesting.
Speaker 2: And then of course the tip for tap but very
Speaker 2: much negotiation was very interesting. He had a much more
Speaker 2: constructive tone toward China towards Hi Hinping than potentially in
Speaker 2: the past.
Speaker 3: I will just say that it was notable.
Speaker 2: To me his comments to Brian Mooyn ahead of Bank
Speaker 2: of America saying open your bank for business to conservatives
Speaker 2: and saying Jamie over there at JP Morgan you too.
Speaker 2: It just shows sort of the overhang and the reason
Speaker 2: why DEI ESG not relevant at.
Speaker 3: This particular DeVos.
Speaker 2: At the same time that there is some of the
Speaker 2: initiatives sort of speak to those same issues, but very
Speaker 2: much in economic terms either way. Carolyn, a really interesting
Speaker 2: speech to cap four days of really intense economic conversations
Speaker 2: here at Davos.
Speaker 4: Lisa, a question for you about the attendees in the
Speaker 4: mood in the room. You've spoken to a number of
Speaker 4: them during your time there. Ahead of the speech was
Speaker 4: the president's message and its responses to the questions enough
Speaker 4: to satisfy what they wanted to know going into it.
Speaker 2: Well, I think that there still is a lot of
Speaker 2: uncertainty of exactly how they're going to strip away regulations,
Speaker 2: how quickly they're going to get permitting. I thought that
Speaker 2: Steve Schwartzman's question was really interesting and speaks to how
Speaker 2: much European leaders here at Davos have been talking about
Speaker 2: what they can do to emulate some of what Donald
Speaker 2: Trump is talking about here in Europe. So I think
Speaker 2: that these all address the issues. I don't know that
Speaker 2: it gets into the nitty gritty because a lot of
Speaker 2: people want to see, where are the tariffs, what's negotiation,
Speaker 2: what's reality? That wasn't going to be answered in a
Speaker 2: speech today, But the fact that he messaged in was
Speaker 2: interesting in and of itself, basically saying he still wants
Speaker 2: to do business with the rest of the world, he
Speaker 2: feels still thinks the rest of the world is going
Speaker 2: to be doing well. And then I thought was interesting
Speaker 2: given the fact that some people were saying, maybe he
Speaker 2: doesn't even care about doing business elsewhere.
Speaker 1: Lisa Bromowitz from Davos, we thank you so much for
Speaker 1: coming late and wrapping up that key speech from the
Speaker 1: President of the United States. It's notable that in that
Speaker 1: speech he referenced artificial intelligence, wanting to be the world
Speaker 1: capital for it, and indeed thinking about how you're going
Speaker 1: to provide energy, even turning to Cole Look, this is
Speaker 1: on the back of that enormous one hundred billion dollar
Speaker 1: up to five hundred billion dollar investment in AI infrastructure,
Speaker 1: as was announced by of course Larry Ellison. We had
Speaker 1: Masayoshi's son and indeed Sam Altman. Now on the back
Speaker 1: of that, Elon Musk and open Ai Sam Altman are
Speaker 1: actually feuding about whether the money is really real for Stargate.
Speaker 1: Let's bringing Max Chafkin, who knows a thing or two
Speaker 1: about this feud, and it's going on online.
Speaker 3: Yeah.
Speaker 5: Elon Musk, Sam Altman, of course co founders of open
Speaker 5: Ai back when it was a nonprofit. Elon Musk and
Speaker 5: Sam Altman are now locked in a lawsuit over that
Speaker 5: beginning and our competitors.
Speaker 3: The thing we saw.
Speaker 5: Starting yesterday is Elon Musk going on Twitter and essentially
Speaker 5: saying that this big announcement, this you know, day three
Speaker 5: of the Trump presidency, this big plan to create one
Speaker 5: hundred billion or even five hundred billion dollars worth of
Speaker 5: AI infrastructure is not true.
Speaker 3: He called the news fake.
Speaker 5: He said that Sam Altman is a quote swindler, and
Speaker 5: then he posted a series of messages suggesting that Altman
Speaker 5: was like secretly some sort of liberal at a time
Speaker 5: when Alman has been attempting to have sort of a
Speaker 5: trumpy evolution. Really unusual in the sense that normally you
Speaker 5: don't see the criticism of the big White House announcement
Speaker 5: coming from inside the White House, and that's what we're
Speaker 5: seeing right now.
Speaker 1: Max.
Speaker 4: If you're a CEO going in to meet with Donald
Speaker 4: Trump to talk about business the way he just invited
Speaker 4: them to do at Davos, what are you thinking after
Speaker 4: seeing this spat unfold.
Speaker 5: I mean, I think that Altman and Masioshi san and
Speaker 5: all of these guys are doing their best to give
Speaker 5: Trump what he wants, which is these big moments, these
Speaker 5: press conferences, a lot of flattery, and so that's what
Speaker 5: they're doing.
Speaker 3: I don't think that's going to change that much.
Speaker 1: Nice check in wrapping up very quickly what is an
Speaker 1: ongoing feud online, and we'll have him back to talk about.
Speaker 3: A little bit more. But that does it for this
Speaker 3: edition of Bloomberg Technology.
Speaker 1: Do not forget to check out our podcast. You can
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Speaker 1: and iHeart. From New York, from Washington, from Davos, This
Speaker 1: is Bloomberg Technology.