Also in this playlist...
This transcript is automatically generated
The scheme is a -- the ski goggles firmly on the world political leaders -- major business executives and joining with.
Think I was artists and more of the five day World Economic Forum in that beautiful Swiss resort town of -- also summit opening today.
Fox business's -- claimant is in Davos talking -- all of those -- and -- because this week he joins us now live.
With a preview and -- I guess we were saying -- it is an old -- -- no action what -- actually gonna get out of this forum.
Well see that's the point there have been years where not a lot came out of it than other years where.
Action came out of this what what we don't want to see.
Is a lot of talk -- -- a lot of non conclusions that there are people who look down on Davos say.
Oh it's just a big thinking it leaked jamboree but I've I've actually gotten specific examples of ideas that came out of here for example.
We just already interviewed shot -- -- -- a better place he is putting together a network of energy fueling stations for electric cars.
The idea came here five years ago he now has 700 million dollars in financing.
350 million of which just came out on Monday from HSBC.
-- -- -- -- And of course Morgan Stanley he spoke to us about that says he's now going globally to bankers he doesn't care what country he's going to make it happen.
They're going to roll out in Israel first and then Denmark so -- there's just one example of an idea.
That started here in -- and then has been fanned out but.
At what -- my good friend nick Hastings was just saying that he hasn't hit the slopes well he's very intrepid we already were shooting up on the slopes behind me in Davos.
With we have our runner -- -- has been wonderful in helping as she was on the snowboard going backwards but.
We're trying to get the sense in the feel of what's going on here and sometimes you actually do have to hit the slopes.
To get that but world leaders were expecting Bill Clinton Shimon Peres of Israel and of course people big names like Bill Gates will be speaking with us as well but just give you a sense and feel of what Davos is about.
We set out to the streets and the -- take a look.
Once a year this sleepy ski town of Davos Switzerland becomes a lot.
Global village where industry titans of world leaders literally air dropped it in town for the World Economic Forum of -- Speeding up your mind.
Nothing like this -- it's almost with depending on what's going on in the world some years or more relevant than others frankly last year a lot of big names did not show up but now.
With the -- pulling out of the financial crisis.
Major names are coming this year.
More than 2500.
CEOs -- politicians will gather right here at the congress center for hundreds of meetings breakout panels and strategy discussions.
All focused on rebuilding the world health economic crisis why.
Didn't we see some of the indicators.
French president Nicholas Sarkozy kicks off the event with a keynote speech but make no mistake it is bankers not world leaders who will be in focus.
Last year hardly any bankers came this year Bob Diamond of Barclays.
Morgan Stanley's John back Citigroup's Vikram Pandit along with high finance leaders from around the world will be in attendance.
To discuss how to traverse the post crisis landscape.
-- this is reporting.
Face it get a real sense of the spirit of -- both -- -- straight to the ski slopes.
Up until three years ago they said that all of the world leaders of the CEOs lookup right that was what the start skiing but that's the world financial crisis pet.
And they didn't want to be here anymore on the slopes you're busy trying to figure out how to solve this thing.
But now people want to -- are telling me seeing it coming back.
The library works.
No CEO would be -- here and -- the placards were.
It won't just be thinking he'll be talking about -- health care and worries about pandemic sweeping the globe.
Will be a major focal point of discussion and the world through the eyes -- 500 members of the media will be watching this is the Holland house you could call -- broadcast central this is where Fox Business will be broadcasting from.
And as members of the media some 500 of them coming from all across the world look to speak.
To leaders and CEOs will have the right here from this balcony talking about the issues that matter globally.
And needless to say Bob Diamond of Barclays as you mentioned earlier actually he will be speaking with us along with bigger names when it comes to conglomerates in the Canberra and Mahendra.
Gigantic Indian company that has its hands -- everything from farm equipment.
Another deciding to build airplanes health care as I said we've got the CEOs of Humana Aetna Kaiser Permanente so they're all descending upon Donaldson hopefully.
They won't slip on this you know let me tell you -- -- -- show you the first thing they issue you adopt most of these cramp -- that got sharp little -- you put them on your snow boots.
-- -- Already.
Crew members from other media we've seen have tripped and fallen you know the story actually but all throughout the week we are going to be speaking -- to these people including the fact that Friday.
-- -- From -- us.
And you know only is it may be your first visit to -- battles but it certainly wasn't your first time on skis I'm really impressed and you'll fall very getting a little -- to see him.
I would love to seat delegates on the snowboard that would be great but tonight -- very impressive what is now he's -- could do little don't don't have -- find it.
Filter by section