U.S. President Donald Trump delivers a special address U.S. President Donald Trump, delivers a speech during a special address on the opening day of the World Economic Forum (WEF) in Davos, Switzerland.
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World leaders, influential executives, bankers and policy makers attend the 50th annual meeting of the World Economic Forum in Davos from Jan. 21 – 24. Photographer: Jason Alden/Bloomberg (Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.
The world’s rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering will be closely watched to see how the global elite aims to tackle issues they helped create, above all climate change.
President Donald Trump’s appearance, which comes on the same day his impeachment trial starts in Washington, began with him calling the trial a “hoax” and “disgraceful.” In his speech, he lauded his economic achievements and said the U.S. is “thriving” and “winning again like never before.”
Meanwhile, Swedish activist Greta Thunberg, who was in the audience for Trump’s speech, stepped up her criticism of governments and companies for not doing enough to tackle climate change.
For in-depth coverage and analysis of Trump’s speech, check out our TOPLive blog on the Bloomberg Terminal. To get all the daily highlights delivered to your inbox, sign up for the Davos Diary newsletter.
Here’s the latest (time-stamps are local time in Davos):
Trump Urges Nations to Join Together (12.15 p.m.)
Trump concluded his speech by calling on world leaders to join together to “make our nations stronger, our countries safer, our culture richer, our people freer, and the world more beautiful than ever before.”
“Above all else, we will forever be loyal to our workers, our citizens and our families, the men and women who are the backbone of our economies, the heart of our communities and the soul of our countries,” Trump said. “Let us bring light to their lives one by one and empower them to light up the world.”
Trump Hails ‘Blue-Collar Boom’ (12 p.m.)
Trump said the economic strength of the U.S. is benefiting ordinary people and “the workers come first” under his administration.
“The U.S. celebrating the dignity of work is a fundamental pillar of our agenda,” he said. “This is a blue-collar boom. The American dream is back, bigger better and stronger than ever before.”
Trump Attacks Fed for Interest-Rates Policy (11:55 a.m.)
Trump renewed his feud with the Federal Reserve, saying the central bank raised interest rates too quickly.
These great numbers are “despite the fact the the Fed has raised rates too fast and lowered them too slowly,” Trump said. “I see such tremendous potential for the future. We have not even started, because the numbers we’re talking about are massive. The time for skepticism is over.”
Trump Trumpets His Economic Achievements (11:50 a.m.)
In his speech, Trump said that the U.S. “is in the midst of economic boom the likes of which the world has never seen before.”
“We’ve regained our stride; we discovered our spirit and reawakened the powerful machinery of American enterprise,” Trump said. “America’s thriving; America is flourishing and, yes, America is winning again like never before.” […]