U.S. markets mixed in response to 2.8 percent GDP growth. Chevron announces earnings were down 3.2 percent, while P&G beats but lowers estimates due to currency concerns. Ford cites increased commodity costs as it reports lower than expected Q4 profit. And Costa Cruises offers $14,460 to each Concordia passenger.

Ellen Kullman, CEO of DuPont joined CNBC to discuss the global economy. "It's a mixed bag," she said, adding that growth at DuPont would come from innovation.

Roland Rudd, chairman, Business for New Europe joined CNBC in Davos to discuss fairness in executive pay. "Governments have to stand up for what business does," he said, adding they need their growth engine.

Imran Khan, chairman, Pakistan Tehrik-i-Insaf, Movement for Justice, told CNBC, "the nuclear weapons in Pakistan are safe, so that is the good news, the bad news is that the economy has nose dived, massive unemployment, inflation but the positive side is that for the first time in 40 years there is a mass movement for change, much bigger than what you see in the Middle East."

Aria Finger, COO of DoSomething.org and Philip Jennings, general secretary of UNI Global Union joined CNBC to discuss youth unemployment.