skating train! i feel like she's still there. she's still here with us. don't let go. ♪ welcome. we are live from the world economic forum in davos. i'm silvia amaro. >> and i'm arabile gumede with carolin roth. these are your headlines. in davos, ukraine's foreign minister tells cnbc he has no reason to doubt the biden administration commitment to support war efforts against russia. >> everything we have been

hearing since from congress and from the biden administration is that there are no discussions about whether ukraine deserves to be helped nor about the sum of the support. that's reassuring. houthi rebels launch strikes in the red sea hours after president biden acknowledges the targets in yemen have been ineffective. the saudi arabia finance minister says riyadh is trying to secure the region. >> we are looking at political efforts to try to deescalate for the world and region economy to flourish means you need stability. european markets look to close an unforgettable week with the ftse 100 gaining as lackluster sales have the boe

looking for rate cuts this year. and the tech the rally popping and apple shares climbing 3% as investors are eyeing gains on wall street in today's session. good morning. welcome to the final edition of "street signs" from the world economic forum. this week was all discussions with politics and the russian invasion of ukraine. with that in mind, we spoke to the ukrainian foreign affairs minister and he told cnbc that he is confident that the united states will provide the military funding it needs. steve asked him what he felt the ukrainian delegation achieved during their time here in davos.

>> i think davos was reassuring. the atmosphere here is positive in a way that people are looking for solutions instead of endlessly discussing problems. president zelenskyy had excellent meetings with political leadership and business leaders. messages we received from both wings are encouraging. the most important thing is you hear the sense and the commitment to keep helping one way or the other. this is what we need. our deal is simple. help us and we'll do the job. in that sense, in my view, i can share with you my impression from davos. ukraine and a.i. and elections in the u.s. are three topics that really dominate discusses at the panels and at private

dinners. it's good. ukraine is at the center of davos and not surprisingly, not accidentally, because what happens in ukraine matters for the world. >> mr. blinken was here. he is trying to get support through congress with his president as well for ukraine. did you get any form of reassurance from the scenior u.. politicians here that they will have funding for ukraine? >> i have no doubt of the commitment of the biden administration to continue to help ukraine nor do i have reasons to believe that the republican parties doesn't realize how fundamental it is to defeat russia. let's be honest, the world we

live in was built under american leadership. the united states of america invested hundreds of billions of money and other types of resources in building the world that we live in. now, putin attacked that world and wants to destroy it. so, whatever the price of support in ukraine is, the price of fixing the world if putin wins for the people of america will be much higher. >> again, to push the point, you didn't get any impression there is a change in tone from the american administration in how they want ukraine to approach the war and diplomacy? >> no. we have very trustful relationship with president biden and president zelenskyy.

me and antony blinken and secretary sullivan. it is just to name a few of the lines of communication. when we compared notes. we don't hear that. we don't sense that. in fact, i think that there is an important change in the tone of the discussion in congress that occurred somewhere in the end of november or december when the issue of ukraine was fixed and put aside together with the issues of israel and then taiwan. that discussion was concentrated on border. everything we have been hearing since from congress and from the biden administration is that there are no discussions neither about whether ukraine deserves to be helped nor about the sum of the support. that's reassuring. of course, in the end, it is the decision of the congress and the domestic issue that rules the

game. we have to wait. >> you mentioned of the three topics, ukraine is a key topic in davos. you mentioned the u.s. elections. mr. putin will be aware of the tone coming from donald trump as well. do you fear, actually, rather than actually wanting to come to the table if anything new that mr. putin is waiting for mr. trump and support for ukraine? >> although i don't look old enough, i do remember the times when president putin was looking forward to thepresidency of donald trump hoping he would make or strike a big deal with him. i'm sure you remember the big deal narrative that ukraine will go off the drain for bigger interests of russia and the united states in the world. the big deal didn't really work

out. trump went after the most important russian infrastructure project to allow gas from russia to germany. trump sold missile s to ukraine. javelins. do i believe there is a potential for putin and trump to agree on something behind ukraine's back if president trump becomes president? i don't. it is not just me thinking out loud. it is the reality that dictates the understanding of the dynamics. >> you heard from the foreign affairs minister of ukraine. we also had a chance to hear from president zelenskyy himself. he decided to come to davos and meet people in person. sometimes he addresses people online, but he felt this was important to be here and see

people face-to-face and meet not just the business community, but also heads of state and in particular the u.s. delegation as well. sometimes it is important to pay attention not just at the content and the remarks that president zelenskyy gave, but also to the body language and interactions he had when he was on stage. it was interesting to see that he decided to show a little bit of a human side. he made some jokes. he said it was okay to make some jokes despite ukraine fighting a war on the ground. there was the point of saying thank you. president zelenskyy has been criticized in the past for asking for too much and for not saying thank you enough. and what we heard when addressing the forum were several thank yous for people in the audience who contributed in ukraine in this war. we know, guys, that against this

speech, the back drop is very complex for ukraine. we are seeing the missile strikes intensifying on the ground and then in particular, the question mark around up upcoming support. we don't know if the united states will continue the financial or military support to ukraine going forward and in the context of the u.s. election. when you look at the eu, there are 50 billion euro on the table which have been essentially on hold. we don't have a consensus with the eu to send the money to ukraine. it is a very complex moment for ukraine and, perhaps, guys, the most difficult moments so far since the invasion began almost two years ago. >> you are absolutely right, silvia. one of the side stories that did not garner much attention this week was the china angle. it was in discussions last

sunday when everyone discussed the potential way forward when it comes for peace for ukraine. china has brokered a deal with saudi arabia last year. a lot of people were surprised by that and that tstoked the hopes that china would play a bigger role as power broker with ukraine. obviously, this week had a lot going on and busy with the taiwan elections and deciding the next move vis-a-vis that. i think it is crucial to see whether china will take a bigger role here. >> i don't want to detract from ukraine here, but if i follow on the chinese point. the chinese foreign minister spent time in egypt this week and was in part of africa as well. is headed to south america to close out the round robin trip for the start of the year. china is trying to play the

middle man in the conversations. to continue the ukraine conversation, it was volodymyr zelenskyy doing away with elections which were scheduled as well for this year. the other side is he noted he is not worried about funding if donald trump wins. i don't know about you, but when you hear trump's rhetoric from the first term, he spoken about how it is about america first. >> right. >> he cozied up to russia significantly. >> we all remember that press conference in finland. >> surely there should be some worry. so notion as well of interest. i think it is huge trepidation. >> he said he would end it within 24 hours. that's not the end that ukraine wants to be seeing negotiated at

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we have more green than red across the market picture today. it follows on from the downturn yesterday, but managing to close off the market by a gain of .50%. that is breaking a three-day losing streak. we look to be closing the week on a slightly positive tone. this is still early on in the market picture. open for judgst an hour in the european trade. a lot of travel stocks yesterday were interesting. you saw the likes of luxury stocks with the watches of switzerland dropped off 36%. cutting the 2024 guidance. you had richemont gaining. you had flutter entertainment picking up 36%. the gambling company with higher revenue and flagging it is on

track for the nyse listing. another listing on the table. deal making back on the table w european markets. .13% to the good. the ftse 100 is following on from the retail sales data that came out earlier this morning. minus 3.2% month on month. that is showing the weakness for the uk consumer. on the other side, let's consider that better than anticipated november number with front loading spending. there could be other elements at play. the inflation print was higher than anticipated this week bring question marks in the uk economy. overall, an upbeat day in the market if it is in some places

overall. week to date across europe, the ftse 100 looks to still close off the week in negative territory at 1.5%. it would be the third negative week in a row for the ftse 100. while the cac 40 did manage to gain yesterday at 1%, but it is down .50% today. or week to date i should say. italy is flat on the week with the negative tilt on the dax. on to the sectors. the travel stocks interesting yesterday. a lot of the retail stuff being the stuff we had been looking at throughout the week. retail so far is flat as we are seeing it on the upside with food and beverages gaining .20%. autos on the other side of the scale, but around the flat line. insurance managing to gain .23%

as well as real estate. to stories we are following today. basf reported a miss in the preliminary operating income for 2023 coming in at 3.811 billion euro. that is well below guidance of 4.4 billion. the chemical company is in the middle of the sweeping overhaul and dealing with sluggish growth. pinning the blame on the lackluster lockdown. that sentiment has been put forward where it is down 17% on the 12-month basis. producer prices in germany falling down 8.6% on the year. the decline was largely powered by lower prices of energy as well as intermediate goods according to the federal stats office as we pointed to earlier. the dax is higher.

.4%. to the uk with the retail sales numbers. falling 3.2% in the month of november. that is the biggest decline since january of 2021 during covid. it follows better than expected figures we saw in november which suggest consumers brought forward holiday shopping in the space. tesco and sainsbury were up. carolin. >> let's check in with john, our guest at the desk. we had under performance with the european markets. we saw wobbles with the u.s. market as well. 2023 was all about inflation and

monetary policy. 2024, could it be the year when we focus in on the economic growth disappointments? >> there is a possibility for some economic disappointment. it looks like the economy will slow a little bit off a healthy rate. i think you have to be prepared for anything. you need to balance the portfolio and dprat great balan sheets and have a lot of cash. you need to have balance in the portfolio into 2024. >> you make an interesting point. you say investors need to have a lot of cash, but obviously, indivi advisers have been trying to get clients out of cash. it has been doing well between 4% and 6% usually, but would you say to move out of cash would be

ill advised? >> i think the companies, the equities you should own should have cash on the balance sheets instead of debt. as interest rates go higher, those debt costs need to be refinanced at higher rates. as an equity manager, i'm advocating to be invested in equity stocks. i do think right now is a good opportunity to own a lot of u.s. oriented equity stocks. the u.s. market right now looks expensive on the surface, but if you look at the most expensive, they look expensiexpensive. the cheapest look very inexpensive. we are traveling in the stocks at the bottom of that pe valuation ratio range. we think there are lots of opportunities in the u.s. market to invest in stocks and get out of the cash that you were talking about and put it in the

high quality stocks. >> john, good morning to you. where? i'm trying to see where you find the stocks to get into when despite the expensive nature, i've been talking about it all morning and week as those tech stocks are looking good. they are on a tear. you had unloved utilities and energy, perhaps, as well. if that is where you are going, you are not expecting much by way of growth this year. >> i think very similar to the tech bubble, when people got very excited about the internet stocks in 1999 and they paid too much for them. if you look at the ten years after the tech bubble, those internet stocks grew earnings faster than the rest of the market. what people forgot and what they were focused on is the pe compression. the multiple compression caused

you to underperform the nasdaq 100 and the best place to be after the bubble was the cheapest stocks. they did not have multiple compression. >> it is not necessarily a quick growth factor? >> the focus should be away from absolute earnings growth and more about the businesses. i'm a fan of warren buffett and intrinsic value. you need to buy at the right price. right now, we think you are paying too much with the magnificent seven stocks in the u.s. market. >> it seems you are very much advocating for value. how do you avoid the value trap? i saw a piece in "the wall street journal" saying jpmorgan chase gives you everything you want. is it because of the ceo? >> our team believes in the

circle approach. intrinsic value and business momentum and focus on fundamentals. what jpmorgan chase has is all those three circles. they have really inexpensive valuation, and a great leader in jamie dimon. he has been managing that company for a long time and has done a really good job. it has a nice dividend yield at 2.5%. it trades under ten times normanormal estimate. earnings estimates are going up. from the fundamental standpoint, they are taking share and market. it has all of the characteristics we look for in a stock. >> let me challenge you on on u.s. banks. regulation. could european banks take market share as morgan stanley pointed

out? >> i think the regulators have proposed the basl three in the u.s. i think that could be changed to help the u.s. banks. dimon and the other leaders of the banks are saying if you really have the strict capital rules, that can happen. there could be market share taken away from the u.s. banks and the capital can move away from the regulated u.s. banks into the non-banks. regulators don't want that. they want to regulate the u.s. banks and understand what is going on. >> what are you making of the earnings season? is it upside here? >> i think it will be mixed. we had companies like jpmorgan chase that reported very good earnings and estimates are going higher. i think it is all about expectation. if the ceo of the company like jamie dimon set low expectations for the year because it is an uncertain year and then the

companies can beat it. we are trying to avoid the companies with higher expect taugss an expectations. >> john bailer at bny mellon. thank you. and coming up, the middle east needs stability to flourish. we speak with the saudi finance minister coming up next. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. hi, i'm stacey, and i've lost 60 pounds on golo.

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welcome back to "street signs." we're live from the world economic forum at davos. i'm silvia amaro. >> i'm carolin roth along with arabile gumede. these are your headlines. in davos, ukraine's foreign minister tells cnbc he has no reason to doubt the biden administration's commitment to support war efforts against russia. >> everything we have been hearing from the biden administration is there are no

discussions about whether ukraine deserves to be helped nor about the sum of the support. that's reassuring. the imf president tells cnbc the interests must improve messages to avoid a shift to the far right in the european elections this year. >> when it comes to human rights or climate change and what that means is we need to explain to our citizens why we need to tackle climate change. rebels ls in the red sea hours after president biden acknowledges the targets in yemen have been ineff ineffective. the saudi arabia finance minister tells cnbc riyadh is trying to promote security in the region. >> we are igniting extensive

efforts to try to deescalate for the world and the region economy to flourish means you need stability. european markets look to close the week on a strong note with the ftse 100 leading gains as lackluster sales see a miss. in the u.s., the technic rally rolls on for wall street today. let me pick up on the u.s. futures. they are looking positive. dow jones industrial average could add 87 points at the start of trade. the nasdaq is seeing higher to the tune of 120 points. s&p is higher at 17 points.

nasdaq was giving all the positivity coming from tsmc from taiwan with the very bullish just look with revenues on the back of a.i. we saw that driving the tech stocks higher in the asian trading session. boosting sentiment across the board. let me show you the week to date u.s. markets. we are looking at the s&p 500 flat. the nasdaq is showing a modest gain of .50% for the week. let's show you what european markets are doing on this friday trade. coming back from all of the negativity at the start of the week and remember the hawkish comments and china data and now showing a different tone on thursday and friday. ftse 100 is up .23%. also helped by the very, very

weak print with the retail sales for the month of december. the cac 40 is up .23%. the dax is adding .13%. i want to get back to the uk data. gilt yields are falling. we are seeing them down just a tad here. bonds adding across the board here. that is reviving hopes that we could be getting a rate cut from the boe in the not too distant future. let's look at the ten-year bund yield at 3.2%. silvia. thanks, carolin. i want to show you some of the tape we had from earlier this morning. we had the chance to speak to the new president of the iev and she is concerned about the impact of right-wing politics on

climate change. speaking to steve elarlier toda, she said more needed to be done to overcome the challenges. >> i'm speaking as a pro-european, but also a progressive woman and a feminist person. i am extremely concerned about the moves that are trying to move backwards when it comes to human rights or climate change. what i think is we need to speak clearly to citizens and explain why we need to tackle climate change, to give you an example, and we are on track with the objectives and we can make the difference with the actions taken and why we need to have a comprehensive and human rights based approach when it comes to dealing with other parts of the world. >> some comments on the eu elections and we will see a general election in the uk and vote in the u.s. 2024 marks one of the biggest election years in history.

billions of people will go to the polls in countries across the world, including in south africa, where 60 million people will be able to vote in the general election due to take place in may. i asked the former deputy secretary-general of the u.n. and the option for the foreign affairs minister what trump's potential return to power could mean for europe. >> it could be a very big earthquake in the sense it could return a president to power who on past record, you know, is a much more isolationist president than joe biden is which is a classic traditional transatlantic president. the implications are consi considerable. will it happen? at the moment donald trump appears to lead in the polls. i think strangely and many people would take exception to

what i'm about to say, he is seen by many americans as the change candidate at a time when americans have got quite a high degree of frustration and exasperation about the economic security and their futures. i think, you know, he has a more compelling case than his democratic critics who believe anybody who supports him somehow is crazy and in 2016, his opponent used the term deplorables to describe his constituency. it is bigger than that. a lot more americans are considering voting for him. to conclude, you know, the election is being described in apocalyptic terms. it may be a more traditional election than people anticipate. turning around two or three midwest states because despite the polarized nature of america, it is polarized into two fairly

stable blocks with a vote in the middle which goes either way. it makes the swing states, like wisconsin, michigan, pennsylvania, and there, joe biden is a born and bred mi midw midwestern. he may still have the edge as a pennsylvanian. he is more blue collar and one of us than donald trump, the new york yorker. i think it is too soon to say donald trump will win this or certain this is a trump versus biden election. these are two old men and anything can happen between now and november. >> i had a chance to speak to a commissioner earlier this week. he said the eu is preparing for a potential trump re-election and overall, the continent is concerned about this. from your point of view, how do

you view the u.s. election and in the transatlantic relationship? >> it will have a huge impact on international affairs and our relationship. you know, as you said before, there are so many unknowns. i know in think tanks and media, we like to have certainty months ahead. i have a huge trust in the constitution of the u.s. we should be careful especially with the u.s. elections, but elections in general and not treat them as a source of crises. elections are the very core of our democracies. elections always mean change. we always have to prepare for that. i will have a national election in june. we will have a newparliament. let's be careful where we end up seeing we rather not have elections in the u.s.

then we are playing in the chinese hands. they treat democracy as a weakness making us slower and cumb cumbersome. democracy is a strength. change is a strength. let's consider that and in a general perspective. obviously, a change in the u.s. administration would have an impact. i worked with both. i worked as aforeign minister when trump was in the white house. i worked with this administration. i'm one of the most pro-transatlantic foreign ministers, i would say in austria in the past decade. it would have an impact. the biden administration, to the surprise of many, has continued what the trump administration has done before hand. they will be tough on china. on things like ukraine, we have to see. on the transatlantic

relationship, i would say in general terms, even if the americans have doubts, it is and continues to be essential for both sides. we have seen it after february 24th when russia attacked ukraine. it was the strength of the alliance of the partnership that we showed the western world, if we stand with the whole world and together, you cannot be toppled over. we are still the number one force on the planet if canada and australia and free world stand together as one. i hope this message reaches one of the other republicans, too. for my side, i will remain a very pro-transatlantic minister. the relationship in the u.s. remains and continues to be para paramount. >> speaking about the united states, congress has passed a stopgap government funding bill averting a partial government shutdown due today.

nearly half of house republicans voted against the bill which extends the first funding deadline to the start of march piling pressure on the speaker mike johnson. the u.s. launched fresh strikes on houthi ships in yemen after stating they are a threat in the red sea. president biden said they were likely to not stop the future attacks. no damage or injuries were reported. dan joins us with more. dan, good to see you. i know you had terrific guests this week. what were they telling you about the tensions in the red sea? >> the world economic forum has been a central meeting point for middle east leaders to talk about the tensions we have seen unfolding this week in the region and in the red sea as

well. saudi arabia leaders, including the foreign minister, all weighing in over the course of the week saying that while we need to see a cease-fire in is israel's war against hamas, we need to see the red sea tensions deescalate. we need to see normalized relations in israel. i had the opportunity to speak with saudi arabia's financial minister to get a pulse check on how all of this is impacting business sentiment in the region and what it means for economic outcomes in saudi arabia and around the region as well. listen in. >> the fact that the world is gathering here in quite large numbers shows how serious what is happening around the world is and people looking for ways to communicate and find solutions.

i think geo politics is number one. life happening with tragic results and specifically civilians being killed which is unfortunate. there is fragmentation intensifying. i hope that is receding a bit when people realize fragmentation is bad for the economy although if you think your opponents are suffering, you will be suffering. that is bringing hope around davos. >> what is saudi arabia doing to promote reegional stability in light of results? >> saudi arabia is making sure we stay the course and we don't get distracted and derailed by what's happening. saudi arabia is important for the region. secondly, we are igniting

extensive political efforts to try to deescalate. for the world and regional economy to flourish, you need stability. therefore, we are calling for more deescalation around us and globally. >> the finance minister right there. when it comes to the other side of the debate, israel's prime minister benjamin netanyahu says israel maintains it has to defeat hamas in gaza to maintain its own domestic security and at the same time, really suggesting in recent reporting that it is certainly not anywhere near negotiations to normalize ties in the region which would result in the recrcreation of the palestinian state. tensions continue to simmer away. this is something we have to

look at in the weeks and months to come whether or not we will see deescalation remains to be seen at this point. we are coming out of the world economic forum with more questions than answers about the fate of the conflict in the middle east and ultimately what we have seen in recent weeks as well. i was speaking to one guest this morning that suggested that tensions in the region haven't been this high for many, many, many years. that's absolutely critical for investors to be looking at here. >> and incredible and what this would mean for the tensions in the middle east. that is a conversation that has not taken focus here throughout the week. thanks, dan. dp great to have you with us. >> thank you. coming up, we will have more from davos. stay with cnbc. we'll see you after this break. switch to shopify and sell smarter at every stage of your business. take full

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welcome back. activist investor nelson peltz is pushing for the nominee to the disney board of directors.

the fund management calls for a fresh perspective. he slammed the job done by the current board as well as the c, ceo bob iger. >> last year, he got paid $31.5 million. earnings were down. they missed everything. the stock was down. everything went bad and he got $31.5 million. you know, i don't understand what this board is doing. i don't know what they're there for other than friends of bob. that's what this is all about. just friends of bob. it's a hand-picked group of directors who are not doing their job. apple shares rose 3% on thursday after a bank of america upgraded the stock to buy from neutral. the wall street giant says the

a.i. features will drive demand giving the stock target price of 22 $225. youtube has joined netflix in not planning an ad for the apple for the vision pro headset. bloomberg is reporting that spotify is not planning a new apple for the vision pro ahead. february launch. they will have to use a web browser. that is not a massive vote of confidence. i fail to see how the vision pro is going to make a dent or splash here when it comes to revenues. do consumers need the mixed reality headset? >> i think from a pricing point, how do you get one? >> $3,500. >> exactly. $3,500. that may be the starting point. who have you placed this for? the upper end or the upper scale

of the market? if that's the case, it will not create volume right now, surely. number two, to your point, who needs to be in that space? is that really the space that people want to get into? we have seen how it failed at meta. google with the oculus. all of the virtual headsets have not done well. >> it is nice to have. not a must have. you and i are too old to feel we need this. >> is this not tim cook's ultimate idea? he had the apple watch. the pulse. >> he had pressure to roll something else out. >> this is iphone moment. >> i can't see that happening. >> that's my worry. where do you get more growth if this isn't that? >> the bigger question is what

will drive apple shares higher? they were up 48% higher last year. you could argue valuation is good according to the bank of america analyst who put out the note yesterday. what you had going for apple last year was the service margins and revenue. you had them cut expenses and good cost control. you have the top line weakness. how will they reverse that? the stock benefitted from the share buybacks. that's boosting the eps. >> it did. >> is this a story of continued buybacks or a story of revenue revival? >> both ways. if you get revenue revival, last year remember tim cook had a push into india. maybe china is not the only place you are seeing growth. you are saying india needs to be a big push. there was a lot to say about tim cook to make sure they are

reading from the consumer as opposed to giving to the consumer. from floor up as opposed from them down, essentially. at this stage, that is the question. is the a.i. story going to feed in? do you get revenue headed higher and does cost control into the year? you may need to invest more. if that is the case, costs containment is not the picture at play here. a lot really at play. here is a quick look at the u.s. futures. higher in the u.s. market. the major indices higher yesterday, but the dow breaking the three-day losing streak. on the up we seem to go. tech counters heading into next week. we are approaching the end of the show. silvia, let's get your final word from the mountain in davos. elections and geopolitics and a.i. and tech was at play. what stood out for you? >> what a busy week it's been,

arabile. one take away is the supply chains. the ceo said the tensioned in red sea is the new normal. i have questions about what this means for consumer prices and potential changes to monetary policy as well. no doubt the message from the world economic forum was on geopolitics with ceos preparing for a potential re-election of donald trump. no doubt as well, we are also hearing from the business and political community talking about the upcoming general election in the uk which i heard to be described as a boring one and that is a positive thing. it is going to be a very busy year ahead, not just because of the elections we are going to see, but also in terms of potential changes to monetary policy as well. it will be a very pubusy year, t

cnbc will be here to bring you the breaking news. that is it for us from davos. carolin. >> thank you. i wonder if the animal spirits coming back to the markets in 2024. that would be fascinating to see that. silvia, thank you for your coverage this week. it has been nothing short of stellar. arabile, it has been fun sdpfun. >> thank you for joining us on this side of the alps. instead of being in switzerland. >> i go back soon. >> that's it from us for this hour. another year, of course, at davos. "worldwide exchange" is up next. stay tuned. hi, i'm tali and i lost 85 pounds on golo. (upbeat music) i started golo because i was unhealthy due to my weight. the minute i started taking the golo release, i knew it was working.

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it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." the nasdaq 100 hits a fresh record high on the back of the surging chip stocks. in the middle east, the u.s. continues the campaign against houthi rebel targets in yemen after a third ship comes under attack. lawmakers in washington vote late to fund the federal government for the next few weeks before the next showdown kicks off in march. and apple gets the taste of the consumer demand