I think it is fair to say: no individual has worked harder for this day than Britain’s Nigel Farage. Without his relentless work to organize voters to remove the U.K. from the European Union; and then to organize again -three years later-  to break the Brexit stalemate in Parliament; this momentous day would not have arrived.  [Tweet]

(Via Daily Mail) Boris Johnson will deliver a plea for the country to move on from Brexit as the UK finally leaves the EU tonight.
In an address to be broadcast shortly before Britain’s departure at [11pm U.K. / 6pm U.S. ET], the Prime Minister will insist that Brexit marks ‘not an end but a beginning’.

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The Bureau of Economic Analysis released their first estimate of Q4 GDP growth today.  The BEA first estimate is 2.1 percent growth for the fourth quarter and 2.3 percent growth for the year. [Data Here]   The U.S. economy is now approximately $21.7 trillion.
Commerce Secretary Wilbur Ross appeared on Fox Business with Maria Bartiromo to discuss the ‘big picture’ outlook for the U.S. economy.  Strong employment, strong wage growth, strong consumer spending, and now the USMCA passage delivering the backdrop for domestic capital investment.   Good interview:

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The headwinds by Boeing and the GM strike had some negative impact.  However, 2019 was dominated by Wall Street multinational investors taking the ‘wait-n-see’ position on the China/Asia -vs- USMCA trade dynamic (manufacturing investment) overall.
The USMCA passage gives certainty to North American manufacturing investment.  The China ‘phase-one’ agreement allows time for re-positioning, and/or time to extract profits from prior investment.  A corporate decision to manufacture in China is now based on an entirely different set of considerations than 24 months ago…. ‘phase-one’ buys time but doesn’t reduce the long-term risk.  North America is now the place for investment stability.
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Earlier today Treasury Secretary Steven Mnuchin appeared on CNBC for an extensive interview from the Davos, Switzerland, World Economic Forum.
Good grief.  What is so hard to understand about the statement: “economic security is national security”?

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Commerce Secretary Wilbur Ross, at the World Economic Forum in Davos, says the USMCA positions the U.S. to begin focusing on a new trade agreement with Europe and others. Secretary Ross notes the administration initiates the EU from a position that talks will be successful. It is only if talks are not successful that Europe has to worry about tariffs. Too funny:

…”Frankly, I’ve seen a little bit of a sense of panic among some of the Europeans, because they know that with us solidifying both the USMCA and China ‘phase-one’ we’re in much stronger negotiating position than we’ve ever been”…

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Ivanka Trump and IBM CEO Ginni Rometty discuss new U.S. jobs, the U.S. workforce, tech-training, innovation, paid family leave, IBM’s growth in cloud computing and global economic outlooks at the World Economic Forum in Davos, Switzerland.

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At the conclusion of two days of meetings and discussions, President Trump holds a press conference prior to departing the World Economic Forum.  Surprisingly President Trump invited Roberto Azevedo, Director General of the World Trade Organization, to give remarks.  [Video and Transcript]

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[Transcript] – THE PRESIDENT: Thank you very much. Please come on up, Roberto and Larry. Robert, Steve, come on up.
Good afternoon. We’ve had a tremendous two days here. We’ll be heading back right after this conference, and I’ve just concluded some additional meetings. We’ve had a lot of them. I think Davos has treated us really beautifully. It’s been a tremendous success. Everyone is talking about America’s unprecedented economic success. It’s really the talk of the town, so to speak.
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Earlier today, while attending Davos, President Trump sat down for a lengthy interview with Fox Business’ Maria Bartiromo.  The primary topic was trade and economics with additional insight around the impeachment fiasco and some current events.
Unfortunately Ms. Bartiromo did not ask if President Trump remembered there were documents he was going to declassify.

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President Trump begins day #2 in Davos, Switzerland at the World Economic Forum.
The U.S. Delegation includes: Treasury Secretary, Steven Mnuchin; Commerce Secretary, Wilbur Ross; Labor Secretary, Eugene Scalia; Transportation Secretary, Elaine Chao; U.S. Trade Representative, Robert Lighthizer; Under Secretary for Growth, Energy and Environment (DoS), Keith Krach; Asst to the President, Ivanka Trump; Asst. to the President, Jared Kushner; and Asst. to the President / Deputy for Policy Coordination, Christopher Liddell.

Schedule below:
♦ 3:05am EST / 9:05am Local – THE PRESIDENT departs the hotel Location en route to Davos Congress Centre, Davos, Switzerland
♦ 3:15am EST / 9:15am Local – THE PRESIDENT arrives at Davos Congress Centre, Davos, Switzerland
♦ 3:20am EST / 9:20am Local – THE PRESIDENT has breakfast with American Chief Executive Officers and Business Leaders, Davos, Switzerland
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President Trump and the U.S. delegation participate in a dinner during the Davos, World Economic Forum, with international business leaders. [Video and Transcript]

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[Transcript] – PRESIDENT TRUMP: Thank you very much, everybody. And a man who is highly respected and a great — formerly great athlete, at least — (laughter) — in my opinion, he’s a great athlete. Johnny, please. Go ahead.
MR. INFANTINO: Thanks. Do I stand or do I sit?
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President Trump participates in the third bilateral meeting of the Davos form with Imran Khan, Prime Minister of the Islamic Republic of Pakistan. [Video and Transcript]

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[Transcript] – PRESIDENT TRUMP: Well, thank you very much. And it’s great to be with a very good friend of mine, the Prime Minister of Pakistan.
We’re going to be talking about trade and many other things. But trade is going to be of very, very paramount importance. And we’re doing more trade as it turns. And we’re working together on some borders, and we’re talking about Kashmir and the relation to what’s going on with Pakistan and India. And if we can help, we certainly will be helping. And we’ve been watching that and following it very, very closely.
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