Happy hump day.
The Bloomberg Global Business Forum kicked off in New York City on Wednesday, Sept. 26.
TheStreet will be live blogging the event, which is hosting over 70 heads of state from around the world, including President Bill Clinton and Prime Minister Theresa May. CEOs from Ford (F) and Uber will also be in attendance.
The Global Business Forum will turn into the One Planet Summit at 2 p.m. ET.
Michael Bloomberg Announces a Partnership With the UK on a Gender Equality Index
'The more gender equality data we bring to life, the smarter investors can be about where they put their money," said Michael Bloomberg.
"Transparency is one of the most powerful tools we have to drive change," said Penny Mordaunt, UK Minister of women and equalities. "we know that companies with more diversity are more successful."
"By working together, we're using data to enable investors to make informed decisions," said Mordaunt. "It's not just the right thing to do, it's the profitable thing to do."
Bill Clinton Moderates a Panel
"Globalization is a win-win" for all countries, said Erna Solberg, Prime Minister of Norway.
The Big Picture of Technology
Have tech firms become too big? "No, I don't think...you can make that conclusion. But I do think they need more transparency," said Margrethe Vesteger, the European Commissioner for Competition.
"If the internet is the appetizer, then [Artificial Intelligence] is the main course," said Robin Li, CEO of Baidu (BIDU) .
Ford CEO Takes the Stage
Jim Hackett, CEO of Ford sits down with an anchor of Bloomberg TV.
Trade is "on the top of [my] mind," Hackett said.
"The key in all trade strategies is finding equilibrium," Hackett followed up.
Hackett quickly turned the conversation into Ford's attempt to monitor CO2 and ensure environmentally safe vehicles.
"It's a series of players who have to work together" to build the cars of tomorrow. Meaning that car companies should be, and are, teaming up with technology companies.
"if you're an investor looking into this, it's over $11 billion dollars."
"Oh, for certain," Hackett said when the anchor asked if she'll have a driverless car by 2030.
IBM CEO Sits Down With the British Prime Minister
The CEO of IBM, Ginni Rometty, sat down with Prime Minister Theresa May.
"I want the United Kingdom to be one of the best places" for people to work, said May.
"The economy of the future depends on people getting access to technology...and trusting that technology," said May. She dived into the reason behind the General Data Protection Regulation, which was initiated earlier in 2018.
"It's important for business and government to recognize that partnership," May said.
"I believe that we will, and can, get a deal...a good deal," May said about the possibility of the UK getting a deal when initiating Brexit.
"That means, post-Brexit" we are ensuring that we're still a great country to visit and a great country to do business with," May followed up.