Why Davos Just Got a Whole Lot Pricier

Jan. 16 -- The Swiss franc jumped at least 14 percent after the country's Central Bank got rid of a cap on its currency. So if you’re not from Switzerland, your money won’t go nearly as far as it did before. Which is bad news if you’re off to the World Economic Forum next week. Locals are concerned it will hurt them and Swiss business as a whole. Bloomberg's Tom Gibson reports. (Source: Bloomberg)