FIRST AIRED: January 25, 2019

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Transcript

00:00:01
>> A big swing in popularity in the wrong direction for US President Donald Trump as this year's World Economic Forum wrapped up on Friday. Global CEOs who once held him as a champion for business have now grown weary of him for picking a trade fight with the world's other biggest economy, China.
00:00:18
These corporate chiefs are doing more than just grumbling, says Reuters' reporter Jessica DiNapoli.>> If you look at the numbers, investment into America has gone down over the past year since Trump said, come to the US, bring us your jobs, bring investment, bring your money. And that has not panned out.
00:00:39
>> And company leaders at the annual gathering of the global elite are worried the world's economy will keep on slowing. Eventually forcing them to clump their investments wallets shut.>> One CEO said to me, the longer that this trade war and tariff war goes on, the worse it gets for him.
00:00:56
And he did do investments in South America, and he's relying on those to weather him through the situation. But it seems like some of the CEOs are getting a little bit impatient with it as it drags on.
00:01:11
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00:01:12
>> The pain is particularly acute for many of these company chiefs who poured billions into Chinese operations hoping to capitalize on that country's massive, growing middle-class. That bet now turning into a liability with profit warnings fast and furious from the likes of Apple in the US, South Korean conglomerate Samsung, and German lighting company, Osram.
00:01:35
Even Swiss banking giant UBS warned, all the resulting market turmoil and economic angst is hurting its business. Corporate leaders attending the Davos conference are getting fed up. They urged President Trump and Chinese president Xi Jinping to kiss and make up before the global economy ends up with heartbreak.
00:01:54