that's all for this edition of "dateline". i'm andrea canning. thank you for watching. ♪ good morning and welcome to "street signs." i'm joumanna bercetche and these are your headlines. gilts move higher after uk falls into recession with the economy shrinking more than expected in the fourth quarter putting pressure on the bank of england to cut rates as soon as may. commerz bank posted of the best results in more than a decade. the ceo tells us the bank is set for lower interest rates. >> we have to prepare for a

lower interest rate environment. that is very clear and set in our outlook. we feel very comfortable of embracing the environment where you are at the level of 2%. airbus swings in early trade after missing expectations with the new special dividend. we will hear from guillaume faury at 11:00 cet. and renault shares hit the gas after hitting 50 billion euro in annual revenue and hikes the dividend. the ceo tells cnbc the firm is hopeful about the future. >> we have been forward in our guidance, but on the other side because we will be launching ten models, one model every month, essentially. we have a favorable product life cycle with ev cars.

good morning. it is a very busy earnings day in europe. we also had a whole dump of uk data. uk officially in recession. i want to kickoff the show with the monthly oil reports. there are interesting takes. the iaea shaved the global oil demand for 2024 to 1.22 million barrels per day from 1.24 million barrels per day previously. global oil demand is losing momentum, the iaea saying, with pace of expansion set to decelerate in part due to china. demand growth gains in 2024 to be dominated by few countries, china, and india and brazil. just in terms of the supply outlook, they revised up the world oil supply to 1.7 million

barrels per day to the record high of 103.8 million barrels per day driven by opec supply. they see demand growth moving lower, but supply growth increasing on the back of non-opec plus countries. they are referring to the u.s. just a comment about market oil advances. they tightened in january despiteweakness in the u.s., canada and fresh cuts by opec plus countries. look at the energy complex. we are slightly weaker. yesterday, we also had that inventory data come in from the u.s. showing u.s. crude oil prices rose 12 million barrels per day last month. that huge price in the inventory and the bigger stock came as a

negative catalyst on the market. we did see energy come under some selling pressure. that is how the energy complex is doing. let us turn to the market and look at the heat map. you see a lot of green behind me. it is a busy earnings day in europe. we will talk about the earnings that have come through. the stoxx 600 is up .60%. back to highs not seen in the past couple years. the hand over from asian markets also possiitive as well. nikkei up to 34,000. we were tinkering around that level for the last couple days. this is the first time actually officially closed above it. positive momentum from wall street and you see the stoxx 600 up .60%. as for the board, let's flip and look at the european boards.

every single one trading in the green. strong risk-on rally. ftse 100 in focus. this is after the gdp data came in this morning. the monthly data for december showed uk economy contracted 0.1%. on the three-month basis, gdp was down 0.3%. it is technically in recession. the interest rate cut expectations has moved around. any interest rate sector in the uk economy is doing well. the cac 40 is up .90%. a nice lift in autos. we will talk about renault and stellantis. we see a lift in commerz bank as

well. we have a lift from industrials at 1.6%. that is the reason why the german and industry heavy index is doing well. food and beverage is up 1.1%. the only underperforming sector is oil and gas down 1%. we ran through the data. a lot in reaction to the stockpile data from the u.s. in banking space. commerz bank with the biggest profit in 15 years. the german lender reported 2.2 billion euro increase citing a strong customer business and higher interest rates. the stock is up 1.8% today. annette joins us now to dissect more. annette, these earnings posted strong results for the year, but it comes on the back of multiple outward revisions for the net interest income for 2023.

one target analysts were raising is the results were strong, but why not be more optimistic about the guidance for 2024? >> reporter: i think it is because the net interest income is at a very elevated level. they are looking into an environment as we know central banks will start to cut rates. they need to difficulversify awm net interest income. these numbers are the best in 15 years. it is a picture of how dependent commerzbank is on the interest rate level. what they are doing right now is they are trying to venture into different areas to generate revenues. they are increasing and having cooperation with switzerland and they are offering ecm solutions

which is interesting. they are actually closing down the equity capital market business some years ago. still, apparently that is a growth region. they have bought a stake in the asset manager which has primarily investing in greening investment. they are moving away from the net interest income dependency. that is a big challenge for the bank to do so. when it comes to risk provisions, loan/loss provisions is another area which investors will look quite carefully because we're talking about the economy, thegerman economy, turning sour. there are so many problems here. despite that, commerzbank hasn't increased the loan/loss provisions. they are smaller than the year before. i asked the cfo in the interview

earlier on cnbc about the outlook for 2024. >> we have sunk around 200 billion euro as a buffer. we don't think we he e need tha because we feel corporates are resilient. we also know the numbers and our economic department is probably a little bit less optimistic than others because we still see the german economy will decrease in 2024 and we will see a negative gdp of minus 0.3%. >> reporter: one thing i think is pretty clear is commerzbank shares which have seen a good ride. the question is if they can convince the market to be attractive. they are returning a lot of capital to the shareholders.

whether this is the global thing to do to convince people to buy shares remains to be seen. there are three big questions which are important to answer for the banks. what is happening to the contract which is expiring in 2025? how do they want to navigate a lower interest rate environment and, of course, the third topic will be how are they going to expand in different areas and try to be profitable and what will happen with the german government, joumanna? >> annette, thank you for the overview. let's switch on and talk about another company in focus today. airbus reported 65.4 billion euro in revenue boosted by the order take. it generated 735 commercial aircraft last year and expects to make 800 deliveries this

year. charlotte has been reviewing the numbers in airbus. you are in tuluse. airbus is the market leader with the issues facing boeing. the question is the dominance their's to lose? >> reporter: i can't believe you did that. it is interesting with the numbers because that is when airbus gets the numbers when they deliver the planes. it is interesting because the demand is there. there is no problem with that. a capacity crunch for airlines. they want fuel efficient planes. they bought in more than 200 orders last month. that is the tricky part for them. the bigger target of delivering 735 planes. last year was 720. that was something they did manage to do the year before because of the supply chain issues. it is a complex environment. they have difficulties and c

components and a number of suppliers to try to bring along. now the target of 800 planes is below the pre-pandemic levels. 869 planes before 2019. 800 is ambitious for this year. it is all about suppliers and working with them. that is a tricky bid for them. the confirm propduction ramp up target of 75 a-350. they want to reach 75 in a month. they confirmed that target. the 1.8 million euro per share and all eyes with the problems at boeing and what that means for them. is this the opportunity for them? the ceo said this makes us humble. there is a question whether this crunch and pressure on the planemakers to get the planes out as fast as possible brings

on consequences on quality checks. we will discuss all of this with the ceo of airbus at 11:00 cet. joumanna. >> charlotte, thank you for the overview and we are looking forward to the interview at the top of the hour. switching on to another automaker, stellantis blamed strikes in america and said the higher labor costs will be smaller than the competitors. it warned of a turbulent area ahead with double digit issues. elsewhere, renault posted a record operating margin at 7.9%. the french automaker posted 2.3 billion euro for the year on 50

billion euro revenue since scrapping plans to list the unit in january. the ceo gave his thoughts on what is next for the company this year. >> i think it will be a lot of pressure on ev and reduction of pricing that we see since a few months. i think in the case of renault, we are relatively productive in our guidance. we are also on the other side optimistic. we will be launching ten models. we are entering into the favorable product life cycle, including ev cars because we are bringing small ev platform with the renault 5 which is the first one of the european oem. let's keep in that positive dynamic for 2024. the market is challenging, obvi obviously. >> luca, it is challenging. you have taken a swing at the shareholders.

the childish swing or pendulum swing in the approach to ev. are they being childish about the prospects for the sector or are they being concerned about the profitability of ev growth? >> i think the oem is working hard to reduce the cost of evs. one day we will get to price the technology which is one of the factors that will reassure everybody. it is already happening in china. in a way, you see electric vehicles are 40% of the market. it shouldn't be different in europe if we get there. i think cars like renault 5 which are affordable cars will help in this direction. we shouldn't doubt. we cannot stop progress of technology. electric cars will be dominant technology in europe. i'm not sure when or if it will be 100% immediately.

i think we have to foot it for the industry and for the customer and environment. that is what i'm trying to say. it is a road full of bumps. here is one big mover. dsm is up 11.8%. the company announced it will carve out the animal and health division from the group. full year sales at $12 billion for the year. that is down from 2022. adjusted ebita was down. we are not done yet. anothercompany which is schneider electric with the new record high after hiking the dividend and saying the revenue will rise. the energy group posted 4 billion euro in full net-year profit up 15% and revenue rose 5.1%. at the top of the cac 40, we have pernod with flat sales

after a tough first half having previously forecast a rise. the sale totalled 6.8 billion euro and in line with analyst expectations. the spiritsmaker said it would buy back shares this year having already re-purchased 150 million the euro in the first half. investors are liking what they are hearing with the share buyback. the stock is up 5%. also coming up on "street signs," uk falls into recession adding to rishi sunak's election challenges. we'll have more after the break. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. can i make my side softer? i like my side firmer. sleep number does that. can it help us sleep better and better? please?

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before we do a deep dive into the uk economy, let's talk about all of the fed speak we had over the last 24 hours. they he wewere out in full forc. michael barr said the jury is still out if the u.s. economy will achieve a soft landing.

chicago fed president austan goolsbee said higher inflation for a few months would be consistent with a path back to the 2% goal. the current policy stance is restrictive and he doesn't support waiting until 12-month inflation has hit 2% to begin cutting rates. u.s. january retail sales data is due today. a contraction is expected after strong spending over the holiday period. tracking how markets spoke abou positive to the session. a lot of focus on the ftse 100. cac 40 is doing well beefed up by autos this morning. d dax having a day and commerzbank at the top of the dax. this is the picture for the foreign exchange. we are sitting above the 150

levels. yen has strengthened against the u.s. dolblar by .30%. 1.2544 weaker. as for u.s. futures, we had a better day yesterday after the hotter than expected cpi. today looks like all of the three majors are opening up in the green. s&p, dow and nasdaq in positive territory. i'm happy to say chris wylie is joining me on the show. wonderful to have you with us. i'm interested in talking about your traffic light signals which is an interesting view. you put these traffic lights together on your four lens, growth, valuation, momentum and sentiment. on the growth side, the color has switched to green in the last two months. i think that is interesting in light of the data we had today because we had a disappointing

japanese gdp print and uk disappointing to the down side. the only upside i'm seeing is from the u.s. look at growth is dominated by the u.s. growth story. there are two things going there. the first is that and consequently, the uk is not relevant. less than 4% world gdp. the u.s. growth story is key. the other thing is looking at the performance of the manufacturing sector compared to the service sector and consumption. what is keeping the u.s. economy, in particular, going, t the last couple years is the service sector. it has dethecelerated a bit. manufacturing has had a tough time globally. people are not spending on goods, but experiences. that is where we are beginning to see green shoots.

it has been grim. we have seen that in europe in particular. it is like the leading indicators. we are looking forward, rather than back. it is getting better. >> it feels anti-consensus. everyone is turning more negative on the momentum of the u.s. economy and you are saying there are green shoots to the industrial data. that is interesting. stock markets don't care. they don't care about the the d ground. >> the interesting results with the industrials. >> what we are seeing in europe. that brings me to valuations. in your traffic light analysis on the valuation lens, it is red, which tells you within the u.s., the valuations are high specifically for the tech stek to sector. do you buy up and chase growth or do you look for value and then where is the value? >> it is a mixed picture, it is fair to say. it is trying to solve a rubik's cube at the moment. the red light is really about

the u.s., as you say. it is mostly about the tech sector which is dominant. as we know, the magnificent seven, seven stocks. you say they he are great companies. that is driving the red light on valuation. you move outside of the u.s. and sometimes i say the further you go from the u.s., the cheaper markets get. if you go to china, china looks very cheap. the question is, does anyone care and is there a catalyst there to get investors buying? we can talk about smaller companies as well where there is much less of a valuation problem and relative valuation with smaller companies and very large companies is stretched. there are opportunities. what we really need is growth to come through and to start to interest people in the earnings recovery which could come through in the other sectors.

>> the thing about smaller cap companies, they are closely related to the interest rate cycl cycle. the biggest under performer was the russell 2000. it sold off 4% that day. you have to be mindful if you are getting involved in small caps. what prevents you from the downside day if you start looking at getting involved? >> that's certainly true. there was the knee-jerk reaction. when you see a monthly inflation print moving the small companies index by 4% and moving the ten-year bond yield, significantly, something is up here. you have a lot of hot money. people don't know what narrative to look on to. i would say that reaction on that day come after two strong

days. i think people are starting to get behind smaller companies and pull back sharply. we had a rally again yesterday and overall, i would say, we are not getting confirmation yet. smaller companies are looking to take market leadership. we need the story to fall into place. it is the growth story. we need reassurance that inflation has moderated and will stay moderate and we will get these rate cuts coming through. i don't think they needaggressi. if the rate cuts were aggressive, it would not be good for smaller companies. there is a path there. it is not a broad path, but in smaller companies, do not be underweight. >> you spoke about the opportunity in china. you need the flows to come in to get that catalyst higher. what about the nikkei?

close to 38,000? very close to breaking an all-time high. does that break if the bank of japan turns hawkish? >> japan is interesting. you say it is close to the 3 34-year high or it has taken 34 years to do anything. i think it has attributes which could suit the environment. in fact, japan has struggled more than any other country or economy with the deflationary and stagflation environment. getting a bit of growth and inflation back into the economy could stand to benefit. valuations are reasonable and you have a corporate culture story which is also developing there. yes, we are modestly overweight with japan. the conundrum is what do you do with the weakness with the overweighted assets in japan?

if you look at the sterling, the outperformance disappears. do you hedge? right now, we are not hedging the currency. japan will move on interest rates eventually. a sharp movement in the currency. the market would go down, but the kcurrency would go up. you need to keep to not hedge the currency. >> that makes sense with the index should that transpire. interesting. great to have you on. it was good to get your around the world view. chris wylie. we teased it before and we will tease it again. uk falls into recession adding to rishi sunak's re-election challenges. we'll have more after the break. switch to shopify and sell smarter at every stage of your business. take full control of your brand with

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welcome back to "street signs." i'm joumanna bercetche and these are your headlines. gilts move higher after the

uk fall ns into recession. jeremy hunt says monetary respite could come soon if the government sticks to the plan. >> if we stick to our guns, forecasters say we could see interest rates falling and that an would be an important relief for families with mortgages. the iaea says the demand growth is losing momentum as it cuts the forecast for the year with a drive of increase of global stocks. airbus misses fourth quarter expectations despite the stronger full-year result. we will hear from the ceo guillaume faury at 11:00 cet. renault shares hit the gas after the automaker posts 50 billion euro. the ceo tells cnbc it remains hopeful about the future. >> we have been productive in the guidance, but we are on the

other side of the domestic. we will be launching ten models. we are entering the favorable product life cycle including ev cars. a big day for the uk. data has shown the uk has fallen into recession in the second half of 2023 after shrinking a worse than expected 0.3% in the fourth quarter. the uk finance minister ajeremy hunt says the low growth numbers are no surprise and the economy is turning a corner. this as it is cutting billions of pounds in public spending in the bid to fund tax cuts in next month's budget. hunt could cut projected annual spending rises to 0.75% from 1% at the moment.

uk chancellor jeremy hunt says the economy is on solid footing. >> we expected growth to be weaker while we prioritize inflation. that is the right thing to do. you cannot have healthy long-term growth with inflation. also for families with the cost of living crisis and the cost of weekly shop is going up and energy bills are higher, it is the right thing to do. the underlining picture is the economy more resilient than most people predicted with inflation coming down and real wages are going up now for six months. if we stick to our guns, independent forecasters say that by the early summer, we could see interest rates falling and that will be a very important relief for families with mortgages. >> interesting to see the chancellor weigh in on when to expect interest rate cuts. by early summer. let's look at the pound. it dropped after the gdp data came out.

we are .10% weaker. 125.50. not so long ago, two weeks ago, the pound was trading at exactly two points higher at 127.40. we have come a long way in terms of pound underperformance. as for gilts, we are rallying back. ten-year gilt is three basis points lower as the market prices in further interest rate cuts or more interest rate cuts. 2024 has more than 72 basis points priced in for the year. i'm happy to say simon french is here with me and joining us at the desk. let's start with the gdp data. let's talk about the headline which is the uk has particular c technically entered into recession. the economy contracted. maybe an open question for you. what were your take aways from

the numbers? >> three take aways. the breadth of the declines across all sectors. services, production and construction. our weakness and weakness on the trade balance was actually the most disappointing part of that. secondly, on a per capital b basis, it looks no growth at all for three or four years on that measure. if you look at the population growth, which is strong in the uk, that is translating into output growth. the third and final part is the degree to which households which have been showing since of better consumer confidence with energy prices expected to come lower, have not been spending over that key christmas period. we knew there was weakness. we may see that with hospitality

and leisure, but that hasn't come through. that is why the chancellor and finance minister here in the uk are talking up next year, but not resulting in the spending. >> how do you think they are likely to read the data? is it a miss? >> it needs to be taken into the context of yesterday's inflation data. flat line 4% growth. still twice the bank of england target. the softness of output particularly in the environment where there are accusations that the bank of england went too far too late, they will feel the pressure from that and the political pressure and that cycle playing out in the uk. you noted. chancellor and finance minister doesn't normally get involved in the comments.

70 0 basis points on the curve more than i expect. the market is not sure when we will see the first cut in it q2 or q3. we need to see more data before they firm those numbers up. >> we had wage growth numbers still sitting north of 6%. still very high. inflation headline is unchanged against december. coming in at 4%. i know it was a miss against expectations, but we are talking about 4% headline inflation number. are you of the view the final mine of mile is the hardest? >> it is a sound bite that central bankers are using to maintain stricter financial conditions. they don't want to front run that. the history, go back to the economic history, when you have spikes to the type of inflation we saw, the idea you can deflate back to the target doesn't have

much historical resonance. what we do know is it has an echo effect and going back to the uk with prices being set and you go back to april, that benefits pensions and loans and rents. a lot of prices are set based onnion lag inflation. this goes back to the central bank. that will be hardest because if you like the automatic stabilizers in the uk economy. >> i feel taken in construction with the gdp data. not just the bank of england, but all central bankers are cautious. does that mean the outlook for gdp is worse given we know the bank of england will lean to be more restrictive for longer to be sure inflation is on the right path? >> it depends where you see consensus or expectation.

if you take the bank of england forecast which is a .25% gdp growth this year and you look at household incomes, that is probably low balling. if you see that is a little bit closer, we see growth stronger than that because the leading indicators of consumer confidence means you have to be unusual recession on the jobs front. 920,000 vacancies in the uk. unemployment at 3.8%. that suggests we should see consumers come back to the table in terms of consumer spending with the long-term driver of uk growth with the gdp mix. >> a quick question. when are you pencilling in the first rate cut? >> august. >> you have been consistent? >> yes. since last october. >> there you go. the market is moving closer to you. >> slowly.

>> versus the spring cut numbers. simon, thank you for joining me today. wonderful to have you on. simon french from pandmore. japan flipped into the technical recession after fourth quarter gdp contractedby 0.4% on an annual basis against the expectations of the 1.4% rise. the contraction sees japan lose its place as the world's third largest economy to germany and raises doubts when the central bank will break from the monetary policy. the indonesia defense minister claimed victory in the presidential election. according to the unofficial polls, prabowo won 59% of the vote and 80% of the ballots counted. we have filed this report from

jakarta. >> reporter: he is the presumptive president of indonesia enough to cause the markets to rally today. the indonesian currency up .25%. a slight bump up at 15,600. below that level. i say presumptive because final election results will not be out for another 30 days or so until march 20th. that is when we will have clear certainty on this fact. you know, the issue here is what is known as quick counts. exit polls and sampling of votes which have clearly put prabowo over the 50% threshold needed to secure the presidency in the first round of voting and avoiding what could have been a messy second round in june. the margin of victory spread is

close to ten points. almost 60% of the popular vote. that is what is causing markets to move today. it is not him, but clarity and cou cou continuity. it is about social welfare and trickle down part with the electric dreams to become an ev hub. that is what you will get from him. there is a difference between what a candidate says on the campaign trail and his promises and what happens when he actually achieves wins and achieves office. in other words, it is one thing to say something on the stump on

the campaign trail, dgoverning can be a different matter and it will come down to policy. we wait and watch the final results on march 20th. the new president gets sworn in in october. ma martin son, cnbc, jakarta. and bitcoin is moving again. we will discuss more next.

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welcome back to "street signs." uber shares spikes after the $7 billion share buyback. this comes after the fourth quarter earnings heexpectations. the ceo said it was over achieving on growth. and nvidia replaces alphabet as third most valuable u.s. company with the market cap of

$1.83 trillion. nvidia is due to release earnings next week and expected to post nearly 120% growth in annual sales. it will be keenly watched by everybody. shares of arm in the u.s. are up in the pre-market with the announcement of 147 billion dol stake in the company. very strong performance since the ipo. berkshire hathaway sells its stake in apple. the decision to cut the stake was probably a mistake. now speaking of the firm's agm last may, buffett highlighted the strong hold on consumers.

>> apple has a position with consumers where they're paying, you know, $1,5 hu00 for a phoned they pay $35,000 for a second car. if they had to give up a second car or iphone, they would give up their second car. it is an extraordinary. we don't have anything like that we own 100% of, but we're happy to have 5.6 or whatever it may be and we're delighted every tenth of a percent that goes up. >> check out the cnbc's special warren buffett archive. l leslie picker reported this. >> reporter: it is still a mystery with the filing including the notation with confidential information omitted

and filed with the s.e.c. we continue to be in the dark about what that is all about. however, the firm did make some moves in the fourth quarter. besh berkshire holds $19 billion. warren buffett's firm slashed ownership in hp by 78% to hold under $700 million at the end of december. berkshire reducing the ownership in paramount global by one-third to hold under $1 billion worth. berkshire sold 10 million shares of apple. sounds like a lot, but it is 1% for the firm which is roughly $174 billion as of the end of the year. reminder that these forms are all snapshots from six weeks ago. they may have changed since then. for cnbc business news, i'm leslie picker.

bitcoin recaptured the $1 trillion market cap for the first time since 2021 on wednesday crossing the $52,000 mark. it is up month to date. 20% for you. arjun joins us with more. we talked about the drivers for the bitcoin performance. the key is the launch of the etfs. >> that is a huge driver. after the etfs were approved, we saw a dip. a couple of interesting stats on tuesday with $651 million of flows into etfs according to coinshares. the largest of any since the launch of the etfs in january. that was tuesday. crypto firm said $9.5 billion of

new money entered the market. those etfs have to buy the bitcoin. that is why you see bitcoin price rising. huge demand for the etfs. that's what is supporting the price. >> the reason i asked which day is tuesday was the inflation data in the u.s. that came out stronger. what bitcoin says it is a hedge against inflation. to what extent does it capture the lion's share? there are plenty of other cryptos around. to what extent does bitcoin capture the lion's share of the flows? >> it is still the biggest cryptocurrency around. there are other interesting things which happened over the past week. one is a very big jump in ethereum. that token. that is because there is hope

the s.e.c. in the u.s. might approve an ethereum next. that may bring similar effects to bitcoin. one of the things we see with bitcoin rise, it drags up the smaller coins. solana and some of the other tokens that are also seeing a big rally as well over the past couple of weeks because of what we are seeing in bitcoin. it is to the just the etf demand. that is buying from the etf issuers, but the halving coming up. >> when is that happening? >> it is slated for april. the exact date is unknown. it is slated for april. the rewards for miners is cut in half. this is preceding the bull runs to record highs in the past. we have an interesting scenario. on the one hand, the halving is happening and coupled with the new demand from the institutional investors buying

the etfs and, therefore, buying bitcoin. if that demand is strong and coupled with less supply, that is underunderpinning the bullis supply. >> november of 2021 is the last time it got to $1 trillion. it is interesting with everything going on there with the high profile fall of grace that bitcoin has managed to hold on. arjun, thank you. let's look at european markets before we head out. it is a day of green across the board. all of the indices are trading with the risk-on tilt. the ftse mib up .90%. dax up .70%. industrials with a good day. dax through 17,000. the cac 40 is up .90%. today, we are seeing a strong performance from automakers at the top of the cac 40. the ftse 100 is up .10%.

markets there reacting to the weaker gdp numbers showing the uk is technically in recession. contracting minus 0.3% in 2023. as for u.s. futures, this is what the markets look like in the u.s. s&p and dow and nasdaq opening up in the green. later on today, we have retail sales figuries coming out which is key for markets. analysts are expecting a contraction. on a programming note, do not miss the interview with the ceo of airbus coming up in a few minutes. for now, i'll hand you over to "worldwide exchange." hi, i'm jason and i've lost 202 pounds on golo. so when i first started golo, i was expecting to lose around 40 pounds and then i just kept losing weight, and moving and moving and moving in a better direction. with golo and release, you're gonna lose the weight.

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it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." we he start with bhoouncing back. the stocks are coming back to near records. the great frost debate moves back. perhaps getting a leg up on the trade. berkshire trimming the stake in apple by 10 million shares. and far short of estimates