welcome to "worldwide exchange." i'm carolin roth. these are your on headlines from around the world. china is in the passenger shooet. shares jump as the carmaker finally signed a rescue deal. the death toll in the ukraine rises following fresh clashes between police and anti-government protesters. similar scenes rise. lenders with big u.s.

operations become subject to new federal rules. and bank of england govern mark carney may have dropped his forward guidance target, but could uk unemployment fall below that 7.% mark? data is out in 30 minutes' time. display you're watching "worldwide exchange," bringing you business news from around the globe. good morning, everyone. ross westgate is still out. hope he gets better soon. julia chatterley is going to be back on the show tomorrow. on today's show, though, beermaker's carlsberg is the latest to boost its dividend after strong sales in the fourth quarter. we ask the if the fizz will continue this year. he joins us live for a first on cnbc interview in about 30 minutes' time. we take a look at how much money the free app producers

actually makes. president obama heads south to mexico for the three amigos meeting with his canadian and mexican counterparts. trade talks set to top the agenda there. we get a preview later on. and your cup of morning joe may be getting more expensive. coffee prices state a historic gain as traders worry about supply problems in brazil. we get the buzz on that. meanwhile, we're watching the scenes unfolding in ukraine. you're looking at a live shot in kiev. we will keep you updated on the latest. the death toll has been ridesing by the hour. once again, we'll get the latest from moscow with our very own jim maceda. meanwhile, foreign banks have until 2016 to meet requirements and apply to fewer banks than in the initial jobs. big banks with more than $50 billion in u.s. assets will have to set up an intermediate

holding company and be subject to the same capital and liquidity tns standards as u.s. bank. the fed estimates 15 to 20 foreign banks will be affected. some have pushed back against the plan because it would force them to transfer costly capital from europe. checking in on some of the shares which will be affected, deutsche bank down by 0.7%. barclay's actually feeling the brunt of the losses off by 2%. credit suisse and ubs fairing a little better, down by 0.2% and ubs down by 0.6%. annette is standing by in frankfurt to cover this story. what does this mean for the german bank specifically? >> well, actually, only one german bank and that is deutsche bank, as far as we know. and the plan actually was known for pretty while. it was back in 2012 and it was introduced or at least discussed at first by mr. torolo of the

fed. and now what we are having is actually a little bit of a. ment of those capital roads to be interviewed only by 2016 and also the leverage ratio will only be 3% instead of 5%, which was previous discussed. so in the long-term, it's a net positive. but in the short-term, of course, now it's pretty clear that deutsche bank is one of the biggest play on wall street has to hold quite a lot of capital against their assets. morgan stanley is estimating that for deutsche alone, it will be up to $8 billion u.s. which they have to hold against their assets in the united states until 2016. so it's quite a lot of mope also for europe's biggest bank. another factor that they will have to pay higher interest expense, higher interest rates and that might lead to higher interest expenses up to 600 million euro according to morgan stanley analysts. so all in all, it will be more

costly to make business in the united states for deutsche. and that comes at a time when it's looking into expanding its business overseas because there is growth. it's not in europe. back to you, carolin. >> annette, thank you so much for that. our next guest has put back his rate on european ratings. joining us now is chief investment officer, steve tolo. you took off that equity overweight position on january 15th. that was about two weeks into the sluggish start to the year. you put it back on. why is that? is it all about valuation? >> it's about sentiment. it's more about sentiment because we know valuation can rise higher if the sentiment is there. at the beginning of the year, we were growing increasingly concerned that the sentiment wasn't there. we didn't think things would normalize as quickly as they did. we've had a bit of a reset in

the market now that we've had the 5% drop the the emerging market contagion doesn't seem to be contagion. we're happy to go back to our overweight. >> earnings were mediocre on the side of the pond and the u.s. we see emerging markets will take years to undergo the external rebalancing. >> but that's exactly the point. nothing has changed. it's just sentiment at the moment that is driving markets up and down in fears and those fears are actually quite good for where we are currently because it tells us that markets aren't overvalued, that they can go further because earn vesters are still quite cautious about assessing what the value holds in the future. >> so what do you do if the market takes another leg lower? is this another good buying opportunity? >> most probably, yes, but obviously, it would depend on why they're going lower. if we get some big, external event then, well, it could be

different. but, yeah, most likely it would be another buying opportunity. >> it's quite interesting to see what the great rotation that everyone was so excited about never really happened, did it? at least at the start of the year-ended december, we see treasury data indicating overseas investors sold $120 billion of u.s. assets in december and europe tnd continues to see in-flows within those equity flows. is that warranted? maybe from a growth perspective, not so much. but the growth still favors the u.s., doesn't it? >> it does. but the u.s. has gone a very long way. and just to pick up on your earlier point, around the great rotation, well, i think actually last year we saw quite a bit of a rotation by not being invested in gilts and other treasuries have benefited quite a lot from that position. we have always expected this to be a more gradual affair.

we were somewhat surprised by the sharp movements last year. we are watching the bond market carefully, but we don't think it's time to get back into government bonds for a while. >> not quite yet. thank you so much for that. meantime, italy's prime minister is set to meet with silvio berlusconi this morning. renzi is now the third leader in a row appointed by the president, not by the people which berlusconi has criticized saying it is not a democracy. renzi could present his list of ministers later this week. this has a number of key names, including the ceos of vodafone have reportedly turned down his invitation to the government.

>> are you concerned about what you're seeing on the ground, on the political front? >> i think it's great that the markets are taking this positively. clearly, italy needs a bit of an acceleration on reforms. but then, at the same time, markets want stability and obviously renzi's 100-day plan is not really about stability. it's about upheaval. it's about really changing the system radically. we really take heart from the fact that the markets take this positively. it's a great investment for him. >> are you invested in italy? >> yes, we are. let's get back to one of our on other top stories. the death toll in ukraine is now estimated at 25. this marks the country's bloodiest day since it marked independence over 20 years ago.

jim, any update on the death toll? because it seems to be changing by the hour. >> hi, carolin. that's right. because the street battles are ongoing, the death toll and the wounded continues to rise. as you say, the death toll is still at 25, including nine policemen, all of whom were killed by gunshot. this morning, it continues. eyewitnesss are saying it's looking like an insurrection there on kiev's square. after a night of street battles between protesters carrying stones, clubs, some wearing helmets and body armor, trying to hold their ground but are being pushed back slowly by riot police or using flash bangs or stun grenades or using water cannons. the police now seem to control about half of independence

square while some protesters have taken refuge behind their barriers. the number of injured is also rising, in the hundreds, some 250 we understand seriously wounded and in the hospital. also one local journalist has been reportedly shot and killed in the may lay, as well. >> we know the opposition a leader has been trying to talk to mr. yamakovich. what could the next turn of events possibly be? >> well, first of all, there was an 11th hour meeting between ukraine's president and opposition leaders. that led to nothing nowhere. no compromise. no deal has been reached. on the contrary, this morning, yanakovich came out after that meeting issuing a defiant statement saying to the opposition directly it must

separate itself from the more radical protesters or else acknowledge that its opposition leaders are, in fact, supporting those radicals. the bottom line is this is a stalemate. it remains a stalemate. there's no end in sight to the violence. the u.s. and europe are calling for a return to negotiations. the kremlin, meanwhile, here in moscow is telling the west just to stop metaling in ukraine's internal affairs. so there's no clear cut wait out at the moment. >> thank you so much. we also have a live shot from you from kiev. what you're seeing is very tumultuous scenes and we'll get more updates on this story throughout the show. another hot spot, 3,000 protesters are rallying outside the thai prime minister's headquarters following a deadly day of violence. five people were killed yesterday were 65 others wounded. a police official says they will

hold off on their aim to clear more anti-government protest sides today. fresh corruption charges are fueling opposition rage. let's take a look at the stoxx europe 600. it is down 0.2%. we started in negative territory and rebounded just a little bit. we're coming off a fairley cautious start to the trading day. we get more data oust of the uk in terms of jobless numbers and boe minutes. the xetra dax is off by 0.2%. the ftse 11 00 is off by more

than 5 points. keep in mind that the stoxx europe 600 has rallied by over 6% in the last two weeks. what we're seeing may be a bit of profit taking after that strong rally. let's show you where the currency markets are trading. once again, we are seeing about dollar weakness. euro/dollar, pretty flat now, 1.3754. coming off the session highs, close to that seven-week high. dollar/yen, down below 0.2%. and the aussie/dollar is still close to those five-week highs that we saw yesterday, just above the 0.90. keep an eye on stable. sterling/dollar is up by around 0.25 changing hands at 1.6720. we get jobless numbers and we get boe minutes this morning. yesterday, of course, sterling taking a bit of a dive after we got tin flagz numbers. the first time it dropped below the boe numbers.

let's check in on asian markets. li sixuan is standing by in singapore. >> thank you, carolin. markets rebounded as investors eyed tomorrow's pmi daddy. property developers led the gains. over in japan, the nikkei 225 pulled back after yesterday's 3% surge down by about 0.5%. financials lagged behind, but canon gained about 2% after it announced a share buyback plan. south korea, kospi sell off from offshore investors dented the weak u.s. data. and down under, solid earnings continued to lend support to the aussie market. and the asx 200 ended higher by 0.3%. as for individual stocks, we've been watching dongfeng. peugeot and the government will each invest 14% as part of a

rescue and partnership deal. but the million-dollar question is whether dongfeng is going to be able to gain key engineering know-how and technology. shares reacted quite differently in shanghai and hong kong. h-shares gained 2.3% but h-shares off by 1.1% today. carolyip. >> thank you so much for that. google's glass has joined the mile high club. how are the glasses being used? all the details, next.

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further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. uk unemployment data for january is due in around a few minutes time. will uk unemployment fall below the 7% level? in recent days, carney dropped his guidance instead saying policy would be dictated by a range of measures, not just unemployment. still with us is lothel mantel.

how big of a -- to what extent does this hurt carney's credibility? how embarrassing is this? >> i think overall, it is a bit embarrassing. is it so much an embarrassment for carney? unfortunately he's the spokesperson for the bank of england and for the mpc. but my suspicion has always been that this whole thing around unemployment and just having a single measure was to get the mpc behind him when he first came in and pushed these policies through. so i'm a great fan of carney and i think it's probably better to do it this way than just raising rates for the sake of raising rates and remaining at utmost credibility. his credibility will be underpinned by progress in the economy, not whether he's never made a single mistake in his pr. >> but now the forward guidance becomes very, very complicated, doesn't it? do you have an as asset manager

understand it? the goal is for consumers and business leaders to understand it. do you understand the 20 plus indicators? >> what i understand, he's telling me, is that he will not raise rates for the uk consumer that is what we'll watch for. that is, from my perspective, not as complicated as what they make it. >> thank you so much for that. the deal is done. peugeot and china's dongfeng have agreed to a $3 billion capital tie-up. peugeot at net loss was slashed by half last year. stephane joins us now with the reaction from paris. stephane, this is basically people covering the shorts, isn't it? >> yeah, absolutely. although the announcement this morning was exactly in line with what we were expecting. peugeot is launching a capital

hike of under 3 billion euros. 14% stage in the carmaker. and as also, we were expecting the peugeot family would face a dilution, although it's going to invest more than $150 billion euros to maintain a stake of 14%. so we will have three main shareholders for peugeot, dongfeng. it's exactly the speculation, the leaks that we had in the last few days. peugeot reported this morning its full year results. there, there was a bit of disappointment because the loss for the full year was wider than expected. 3.2 billion euros. the average forecast was 1.5 billion euro for the last of on 2013. but still, the deal with dongfeng was really offsetting the disappointment on the earnings. >> stephane, thank you so much

for that. joini ining us now in the studi hahol. what do you make of the actual numbers today? the numbers from peugeot were already. they're making some progress in what is a really, really difficult environment. the european market was very, very week last year. utilization levels were low and peugeot has been losing a lot of on market share. so they're doing the best in a very, very difficult situation right now. >> but things are improving, aren't they? the cash flow rate was flowing. >> yeah. it is flowing and clearly the cash flow is not as much as it was in 2012. but in the second half of the year, they still burned between 1 and 1.2 billion euros, which is equivalent to three euros per share. the reality is they're not out of the woods just yet. >> how much of a difference will it make for peugeot?

it can't face the underlying of weak sales in europe and very low market penetration in asia. >> that's right. clearly injecting 3.7 billion euros in the business will allow them to make some strategic decisions they haven't been able to make. they can obviously invest in some of the technology. what is clear is they have a 3.7 billion injection here. volkswagen spends 6.8 billion in r&d. how can they compete? it will be very difficult. >> which of the automakers do you like the most at this point? what about vw, as well? >> the germans are a very different company from the french. they make a lot of money abroad. volkswagen has over 50% of its market share globally. so it's a very different business. we much prefer the germans in the business model. the only one we currently like

is bmw. it has the best brands, it has huge cash on the balance sheet. but best of all, the cash conversion is real. >> thank you so much for your thoughts this morning. virgin atlantic has begun testing its google glasses with its staff as part of a six-week experiment. virgin hopes staff will be able to better serve customers by identifying them as they arrive at the airport and being able to arrive and call up all sorts of information like dietary requirements and flight information. >> how many bags they've got, their mileage in their accounts, that sort of thing. really, it's trying to on alleviate the amount of paperwork they have at the airport. >> looks like a normal watch, but when we get the information across to us, we can see

everything that the passenger needs to see. we don't have to grab paperwork and see that. we can just show the passenger if need be where they're going, what information they need and require. very interested, the customers are, in the new watch and they're all asking questions about it and trying to see how it works. >> we didn't notice the gentleman with the glasses to start with. it was only when he told us that they were new when i noticed what they were. but i mean, it obviously made his job very smooth and easy. that's great. >> google plans to make its glass device available to the public later this year. ahead of that, the company had made up an et quit guide for users. among the biggest don't, don't be creepy or rude. that's a no pertainer, isn't it? users should expect to get stopped in public and asked questions. above all, the same rules for phones should apply for glass.

if someone asks you to turn off your phone, turn glass off, as well. what other devices do you think should come with its own set of dos and don'ts? robots, remote controls? if you want to join the conversation here on "worldwide exchange," get in touch with us. still to come on the show, the big reveal. could uk unemployment fall below that 7% mark the bank of england's govern carney had been targeting? not any more. the data hits the wires next.

here are your headlines this morning. peugeot shares jump as the carmaker finally signs a rescue deal with china's dongfeng. the death toll in ukraine rises following fresh clashes between riot police and anti-government protesters. sympat similar scenes unfold in thailand, too. major foreign banks face an extra layer of regulation with lenders with big u.s. regulation become subject to new federal rules. and could the grade of unemployment fall below 7% in the uk?

and there you go, the data just hitting the wire. we see the uk jobless rate at 7.2% in the three months to december. the poll was for a rate that would have been steady at 7.1% from the previous period. so slightly higher than expected. and this is not at all unsurprising. many people have said because the november number was a little bit higher, we shouldn't be surprised to see a slight uptick in that three-month number for the december number. we see average weekly earnings up 1.1% year on year in the three months to december. the poll was for an increase of 11%. december alone saw an increase of 1.5%. that's certainly very positive because this has been one of the major concerns for policymakers, that disconnect between inflation and real wages and actual earnings. now let's take a look at

sterling's reaction to the data. sterling falling after the data and the boe minutes. falling to a session low of 1.6675 from 16672 before the uk jobs data. we have the boe minutes out. let me bring you the most important commentary. uk gdp at 0.9% quarter on quarter and the first quarter around plus 1% in the second quarter. the boe minutes note attributing recent sterling appreciation to stronger uk demand outlook and a sense of strength and momentum in the uk economy, they see 0.9% first quarter growth. let's get out to melanie baker who joins us now on the line. melanie, what do you make of the unemployment data? and just how much importance do you want to attach to it given that it's no longer the main indicator of one of the three main indicators for the ba's forward guidance?

>> well, it's interesting. we were expecting it to pull. i think you're absolutely right that the momentum has been strong on the unemployment data. it seems fairley likely it would take a bit of a breather here. there was a good chance that it might come down a bit. i think you're right, we wouldn't necessarily read too much to the fact that it's come up a bit. do we still need to pay attention to it? yeah, we do. it's still one of the key indicators that the bank could be watching. so i think it is to some extent to focus on it to a degree. and, of course, it does give the mpc a little bit more breathing space. >> we see average earnings up by a little bit more than expected. 1.1% was the number here and we were expecting a read of around 0.9 the% to 11% for the fourth quarter. just how encouraging is this? because once again, that has been one of the main concerns for policy measures because we're looking for real wage

growth. >> yes, that's right. we really need to see pay growth start to pick up and be more confidence on the ability for consumer spending to actually continue to increase at a reasonable pace. it is encouraging. it's not like it's a huge pick up. we would want to see that kind of level, a little bit higher, not to be sustained and come off again the next month. but i think, you happen, it's encouraging that we have seen that. >> just browsing through the boe minutes details, i'm not seeing any major surprise at this point in time, but earlier on this week, we got some interesting comments from david miles. he's saying that the slack in the economy may be greater than forecast, currently looking for around 1% to 1 .5% of gdp. are you worried about the disagreement within the monetary policy committee about how big the slack actually is? >> well, i'm not worried in a sense. you would always think there would be a range on the mpc.

but i guess you worry about the communication of that. so it's good that they're very focused on spare capacity. it's more context confusing message in house holds when you have different mpc members coming out with different views. in the minutes, just any kinds of disagreement or even debate on the type of forward guidance that emerged, as well. it sort of risked a little bit more. >> so basically, everyone looking at their capacity at slack in the labor market now. how easy or how difficult is it to assess those indicators? >> it is difficult. it's something that we can look at or take a look at the detail, how fast are people coming off long-term unemployment, how many part-timers are working part-time because they couldn't find a full-time job? some of the indicators i'll be watching are pretty subjective.

they have an hour's measure related to an equity measure. we don't know how those equilibrium rates will be moving. it will be hard for us to gauge. we'll need to be listening closely to what the mpc are saying about that to gauge how they view this data. >> okay. melanie, thank you so much for your initial thaurtoughts, mela baker, uk economist at morgan stanley. investors are raising a glass to beer group carlsberg. the group boosted dividends after a boost in fourth quarter profits. yorgen, thank you so much for taking the time to speak to us. you beat expectations, you're seeing margin improvement in western europe, but how much visibility do you have for the rest of the year? >> we have pretty good visibility. there's always, of course, uncertainty about the economists. you never know what's going to be tomorrow. sometimes when you talk macro

economists. but overall, i believe we have very good visibility on what to expect in the western european market and also to a great extent in eastern europe and as well in asia. >> talk to me about the situation in eastern europe, also in russia. 40% of the group's profits come from russia and it's been a big drag on your performance because of the regulatory uncertainty in that specific market. are things improving there? and when do you expect to return to growth? >> first of all, i'm feeling very good about russia in a difficult market. we have grown market share, we have improved the mix in terms of getting more and more premium products out to the consumer. we're doing a lot of the right things in a very challenging market. and you're right, the last three years has been very challenging. a significant decline in the beer market in russia. primarily driven first by the global crisis and then later on

by different types of regulation. i believe the worst would be behind us. i also feel we have a better dialogue with our stakeholders about the future in the beer market and what to expect and not to expect. so i'm certainly a lot more hopeful about the russian beer market going forward. we still expect '14 to be fairley challenging, but a lot less than '13. so we are saying we think the market will decline by low single digits in volume for 2014 versus the 8% decline in 2013. but again, we grew market share. so on average, we did quite well in our very challenging environment. >> your shares have been trading at a discount, it appears, because of those problems that we're seeing in russia. do you think the market was unfair in attaching that discount to your shares? and do you think it should now even out? >> i don't think and talk about the market being unfair or fair

in terms of a discount to our share price. we have to just get on with business and we really have to outperform, ideally, our competitors in the market where we are in and where we can beat. and in order to try to get growth back into the category and that's what we are working on. then we would have to judge what share price karcarlsberg should at. >> you've been active in the m&a market with a small acquisition in china and we've seen a lot of deals happen in the spirits and brewery space. do you want to jump into the fray once again? do you want to be part of this bigger move? >> first of all, we want to do really well in all the business that's we have in asia. we have a broad footprint in asia. we have in indo-china, china, malaysia, and all in all, we are doing extremely well by rolling

out our international brands, but by premiumizing some of our other brands. china, as you referred to, we made -- we bought up in the changing group and now we're in control in the group and some expanded our footprint in china which should be challenging for the future. m&a is on the agenda and asia would be a key focus area. that's the case today. it was the case a year ago, two years ago. >> but you don't necessarily have the cash to spend, do you? >> i think as we announced a change to the foundation sometime back in 2013, as we said, at that point in time, we have more flexibility -- not -- flexibility now than what we used to do. >> thank you so much jorgen for

your time this morning. let's take a check of the european markets this morning. they're under pressure yet again as we saw slight declines in yesterday's trading session. we did see some pressure out of the gates this morning. the ftse 100, though, has improved a little bit. up by around 0.1 % this morning. the xetra dax, though, still under water, just down marginally and still 100 points from the record high. the cac 40 seeing slight improvement, as well. pretty much flat on the trading day, as well. keep in mind what we saw yesterday, probably a little bit of profit taking. moving on to the bond markets, we saw gilt prices increasing after we saw that unemployment rate coming in slightly higher than expected, 7.2% is the number that we saw for december. 10-year gilt yields at 2.74%. ten-year bund yields at 1.66%. we are seeing a ten-year auction today and ten-year treasuries with the yield edging lower yesterday.

now stuck at 2.7% after we got those dis appoiappointing numbe the housing front. we're going to talk more about the outlook for treasuries and how you can make money from that later on in the show. and a quick check in terms of the currency markets, we're seeing still a lot of dollar weakness. the dollar/yen, down by 0.2%. just about at that 102 level. euro/dollar, not too far away from those seven-week highs, but it's come down a little bit. 1.3753 is what we're looking at. and sterling/dollar falling on the back of the unemployment data and the boe minutes, specifically responding to the unemployment data now back below 1.67 at 11.6680, flat on the day. in asia, china and taiwan are taking small steps to improve relations during a high level visit to beijing. china's president says mainland china respects the different lifestyle and social system.

the beijing still claims the island has its territory. standard chartered is reportedly shopping as hong kong consumer finance unit. the deal to sell prime credit could be worth more than $105 million. they're looking to the best long core businesses. and recent disappointing data out of japan has prommed the u.s. treasury secretary to express concerns of the outlook for the country's domestic demands. makiko has the story live from tokyo. >> hi. uk treasury secretary jack lew sent a letter to the g-20 for this weekend. in it, he said japan's economy has been largely driven by domestic demand over the last two years, but the outlook for domestic demand has clouded. government figures released earlier this week show japan's economy growing at an annualized

rate between 1%, which was lower than expectations. growth of consumer spending was a mere 0.5%. the u.s. secretary also said in the letter that he looked forward to hearing about japan's plans for economic reforms to boost domestic demand. now, with the tax hike looming and public spending taking a breather, focus will be on whether businesses are willing to become more proactive with their spending, including raising wages. and that's all from nikkei business report. back to you. >> thank you so much for that. meantime, let's give you a look at what's on the agenda for tomorrow. hsbc raising its flash china reading for february. japan reports january trade figures while leighton and fairfax are among the top releases. and a momentous day for families in north and south

korea set for a reunion after being apart for half a century. still to come on the show, as many of you know, i lived a few years in zurich, so here is my own person travel agency tips if you're visiting. if you could live anywhere, where would you choose? stay tuned as we run down the world's best and worst places to live. ♪

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british retailer pets at home is planning to list on the london stock exchange. they want to raise 275 million pounds. the listing is one of a number of expected for britain's retail sector in 2014. meantime, candy crushmaker king has announced plans to ipo hoping to raise $500 million from its listing. what makes the firm so valuable? there many candy crush players out there who can attest to the addictiveness of the game. since it was created back in 2012, candy crush has been

downloaded, swapping 500 million times. revenues for the game in 2013 his 600 million. king says its games are played 1.2 billion times a day. now here is my confession. i haven't downloaded the app. i've never once played it. can you believe it? there you go. meantime, virgin atlantic has begun testing google's glasses. virgin hopes staff will be able to better serve customers as they identify them at the airport and being able to call up all sorts of details like dietary requirements and flight information. google hopes to make its glass available to the public later this year. ahead of that, the company has made up an etiquette test. >> test. >> test. >> test. test.

>> test. test. >> test. test. >> test. test. test. test. test. test. asks you to turn off your phone, turn off glass, as well. what other devices do you think should come with its own set of dos and don'ts? if you want to join the conversation here on "worldwide exchange," get in touch with us, e-mail, worldwide@cnbc.com, via twitter @cnbcwex. american viewers aren't the only ones binging on "house of cards." china's sohu brought the political thriller to china. the ceo told eunice yoon the show isn't for the masses, but it's popular among a growing number of young chinese who love american politics and culture. >> chinese audiences, you know, watch american tv shows. although the stories are really

not about the lives around them. it's about things happening in america in the world. it's not really relevant to their daily life here, but because of the quality of the suspension, really, the -- so it's universal. that's why chinese people, they know good things. that's why they love american movies and the tv shows. >> did you know that this season was going to have a china theme and not always flattering? >> i didn't know. >> how did you handle that? >> we didn't do anything. we just launch it, just put it out. >> did you worry that it was going to be blocked? >> so far, we haven't got any indication. >> what are the financial arrangements with netflix? did netflix get a share of your profits? >> it's basically now a one-time purchase. so -- because the business model is really -- so buy them and put them out. so we don't share.

>> you recently brought in ellen degeneres, saturday night live and now house of cards. is this sohu's focus? >> sohu, it's one of our overall tv media strategy to domestic tv shows, american tv shows, south korean tv shows. it's already a proven business model, which is advertising. american movies, we are working on it. that's our strategy is to start up a pay per view service. >> how much money can you make with online digital streaming when there's so much piracy in china? >> we already fought it and we won. it's become an extender. if you put out your website, piracy american contest, we send a legal letter to them and they will immediately take it down. if they don't, probably there

will be lawsuits or media reports or the public bureau will send -- will try to arrest them. so this is really a trend that we helped established. it's become a standard. so i don't worry any more. a few years ago, i really worried. i see no hope. but now, i am very happy about the results. >> well, i may not be playing candy crush, but i am one of those binge washers of house of cards. but i've only watched the first two episodes, so no spoilers, please. austria has retained its crown. european cities dominate the top five list and perhaps not surprisingly, baghdad and iraq was last in the rankings. ellen joins me now to discuss the latest findings. what makes vienna so attractive apart from the culture and the coffee houses?

>> there are a number of factors that are considered. 39 in total, in fact. from political to socioeconomic environment, recreation, international schooling, housing, etcetera. vienna is quite high on the rankings in terms of good quality of life. they've secured place for ex patriots and their families to live and enjoy. >> so basically, at mercer, you use the data to help employers to figure out what they're supposed to pay their experts and what kind of compensation they would go. how does the logic go? if they're made to move to vienna, they're going to be paid less because the quality of life is so good, anyway? does it work the other way around? >> indeed, it's a good question. it's an additional supplement to compensation. companies will use this specifically for ex patriot

evaluation. it's meant to look at those areas where there's a quality of life different from where they're coming from and going to. effecti effectively, they're looking at how they can adjust that for their lifestyle. zurich came in second. as many viewers might know, i spent a great deal of my life in zurich before i moved do london. london came in down, what, 10th? >> london came in 38th. london, new york, these are financial centers. this is where everyone wants to go despite the less desirable quality of life. does this matter as to where the best talent goes? >> well, i think it's important to look at it objectively and companies are using this data to really have a validated approach in how they consider attracting talent into cities. london has remained fairley stable. new york is rated at 43 and that is our home base for this particular ranking. it's comprised of 223 city these

year. effectively, in terms of the waiting system, that can impact where a city is falling and the number of cities on the roster. >> so what's the best city to live in in asia and the u.s.? >> well, according to our results, singapore has come in as the highest quality of living in region in 25over all in the ranking and in the u.s., vancouver has hit the list in north american point of view. there are a number of canadian cities that have top the chart this year. i think the most interesting trend we're seeing is around the emerging market cities. so these cities, we've added some new locations in this year, for example, india, poland, china, these are locations that are getting the more traditional international financial centers a run for their money. in the last decade, they've started to evolve with rapid growth, significant foreign investments made and moving that up to international standards, i think companies have run another

research report that has indicated astonishingly that countries are expecting an increase, a spike. i think we'll see a lot more space in those locations. >> watch the emerging markets, as always. thank you so much for that. and up later, your cup of morning joe may be getting more expensive. coffee prices stage a straight gain as traders worry about supply problems. we get the buzz on that later on in the show. don't go away. we'll be back the in two.

the highest score ever recorded. >> meryl davis and charlie white are olympic champions. pleasant and sunny day with temperatures in the 50s as we're midway through week two of the sochi winter games. good morning. once again welcome to our stanford, connecticut, studio. the serial drama that is into curling. we've arrived at the medal rounds, both the men's and

women's semi rounds. christmas morning for fans of curling. we'll have all four games with the swedish and swiss women at 9:00 a.m. on msnbc. the swedish and british men 2:20 on msnbc. canadian and chinese men on cnbc. we'll start with live curling between canada and great britain. canada a perfect 9-0 in round robin play skipped by 39-year-old jennifer jones. she's looking to lead canada to a gold. the team skip is eve muirhead. jones was born in the '70s, muirhead was born in the '90s. for more on the match-up we'll send it to an draw catalon and john benton. >> good morning, guys. canada became the first women's team to run through the round robin undefeated and their reward is a date with the reining world champs, john. >> yeah, it's been a little

bumpier ride for eve than it has been for jennifer. eve lost to all three other teams that are in the playoffs and had one big loss to denmark. jennifer kind of coasted through the round robin only facing one challenge with the united states and she came through in an extra end. >> i don't think this is the team canada wanted to face today. we'll see how it plays out. we'll be keeping a close eye on the battle at skip. jones versus the young hot shot muirhead. >> jennifer jones known for making big shots in 2005. she made the shot in the scottish final to win that. she has a solid team in front of her. eve and her team are known for being very gritty. they finish every shot. they sweep every rock to the very end. they use their athletecism. that's what i expect to see today. >> canada beat great britain 9-6 in the round robin. the rematch is coming up, fred.

>> thanks, guys. live after the break, jennifer jones, eve muirhead face off in their first olympic semifinal and they broet bring intensity to their quest. jennifer jones has the feel. >> muirhead for brittain. >> yes! >> announcer: the xxii winter olympic games on the networks of nbc are brought to you by t.d. ameritrade, proud sponsor of the 2014 u.s. olympic team. by at&t, a proud partner of team usa. by rebook z quick. unnaturally quick. and by geico, 15 minutes could save you 15% or more on car insurance. buyback plan.

elsewhere, kospi saw sell off denned be weak u.s. data. down under, solid earnings continued to lend support to the aussie markets and the asx 200 ended higher by a modest 0.3%. as for the individual stocks, we have been watching dongfeng. china government and french states will even inject monies as part of a rescue and partnership deal. dongfeng had $4 billion on its excess sheets as of on last year, but will they be able to gain key engineering know-how from peugeot? dongfeng a-shares gained 2.3% but h-shares off by 1.1% in hong kong. back to you. >> thank you so much for that.

in the u.s., the home builder industry has been hit by relentless winters, a decline in biotraff. live women's semi-finals, canada and great britain. for the call we send it back to andrew and john. >> fred, merry christmas from the ice cube curling center semifinal day. we are underway with great britain taking on canada because canada had the top seed and the better round robin record, they had the choice to either start this game with the hammer or pick which color rock they wanted to slow. as most teams do, they elect the to take the hammer. this is the first stone from claire hamilton of great britain.

>> dawn mcewen is the lead from team canada. 33 years old. they call her super gee on the ice. nothing special behind it. they thought she was a super addition to the team and for some reason super d stuck around. super d puts her stone in the house. >> defensive start for great britain putting their first rock in the rings. canada hitting sticks there. now one more for claire hamilton. she joins horses with eve muirhead in the summer of 2011. great britain women went 5-4 in the round robin, and they lost their last game on monday to denmark. 8-7. there you see jennifer jones

curling at 85% in sochi. that's tops among all skips. one final stone for mcewen. >> neither team wants to give this game away early so the defensive start is not a surprise. >> we are underway. great britain and canada in the semi-finals. markets. can treasury brices and equities go up hand in hand? >> well, i think over the longer term, it's a bit difficult to sustain that type of price action. but again, i think the fact that fixed income price ves held in as well as they have as the equity markets are have rallied and rebound speaks to us, speaks to treasury market strength especially in the near term. >> let me ask you about gold because gold has been defying all odds. it is just off at a three-month high supported by that weaker

dollar environment we're seeing benefiting from safe haven flows. but i'm wondering, this just the cap downs that we're seeing? >> i would venture to say that we could see further upside in gold, especially if fixed income prices continue to rally. i mean, if you take a step back, commodities are generally doing well right now, not just gold and silver. pressure metals have gained a bit of attention. great britain and canada in the first end of the ice cube curling center in the semifinal. bronze and gold matches set for tomorrow in the ice can you be curling center. second stone of this end for the second of great britain, vicki adams. >> very clean end start.

both teams executing and trading hits. whoa, anna sloan took a spill on that one. >> big stumble there by anna getting a good laugh out of her teammates. >> still shaking her head about it. this is a very young team. in fact, the youngest team in sochi. the average age is 24, but all four have played in at least three world championships. >> i was going to say, young but no lack of experience for this team. just amazing. >> anna sloan, she just turned 23 last week. a lefty and the vice skip of team great britain.

>> back off of this a little bit indicating that it's been sloan a little harder than they expected but it looks like this will settle in in the back of the house. >> jennifer jones will give it a quick sweep to try to take it a little bit deeper and puts it in the eight foot white circle. >> now one of the interesting story lines about canada and jennifer jones specifically is that all four of her world championship appearances, she lost the first playoff game. now they use a slightly different system where it's the page playoff system so unlike in the olympics, one loss doesn't always knock you out. and she did, of course, go on to win. jennifer jones is a world champion. that's a stat that the canadian press have maiden never jones well aware of this week, and

it's certainly something that has to sit in her mind when so many people brought it to her attention. >> well, that's been a bit of a knock against jen, the occasional dip to make a lack of focus. you mentioned in the open their game against the united states, well-documented erica brown, their struggles this week. that was a tight match that went to an extra end. jen jones herself did not play well that game. >> no. we saw it firsthand, united states taking canada to the extra end. >> just walked away from that game, john, thinking that canada left a lot of shots on the table, didn't execute like they had been this week. >> but the other thing to say about that is despite that struggle, jen was able to come out with a win, and that's also

been part of her dossier is back against the wall, she seems to come through. >> she'll be tested today against great britain. this end shaping up as a blank end. you see the young skip from scotland. eve muirhead. 23 years old. she's also the skip in vancouver at the age of 19, and she misses everything here. wow. >> well, you don't see that very often, especially from eve muirhead. it looks like maybe the rock picked and they're trying to clean the ice a little bit. yeah, she knew it right away. >> it's not often you're going to see a clean miss like this

from eve. >> that's just part of the game. occasionally, you know, we've seen a few this week, some in some critical spots where there's a bit of debris on the ice, and when the running surf

>> whoa. clean. clean. whoa. yeah. whoa. >> there's the hit and now jennifer jones will play a similar shot and try to score her two in the first end. frustration for team gb after muirhead's stone picked. that is a bad break. >> a much leaner, stronger eve muirhead than we've seen before changing her workout regimen over this past summer. she didn't really lose any weight but she traded some pounds, more muscle mass.

>> yeah. this team from great britain known for posting pictures on twitter of their workouts. they are constantly in the gym. all right. one more here for jennifer jones trying to score her two in the opening end. >> bringing it right in and they like it. after the bad luck for great britain, canada scores their 2 in the first end. ? julia boorstin sends this report from silicone valley. >> candy crushmaker king has filed to raise up to $500 million in a public offering expected to value the gamemaker as well more than $5 million. it was downloaded over 500

million times since its launch in 2012. the company generated 1.9 billion in revenue with adjusted earnings at $825 million. the big concern is that king might be too much of a one-trick pony like zinga, whose ipo was fueled by the success of its farmville game. meanwhile, streaming music service spotify which has over 25 million active users hasn't filed for an ipo yet, but certainly seems to be moving in that direction post ago job opening for an external job specialist to prepare the company to set up all reports necessary to be s.e.c. compliant. spotify raised $250 million back in september in an evaluation of over $4 billion. we'll have to see what its

valuation is when it does eventually file to go public. this is a very busy ipo season for start ups this year. meantime, virgin atlantic has begun testing google glass with its staff. virgin hopes staff will be able to better serve customers by identifying them as they arrive at the airport and being able to call up all sorts of details like dietary requirements and flight information. >> relating to the car, how many second end between great britain and canada. canada was able to score two in the opening end. the hammer now goes over to team gb. >> up by 2. jennifer jones calls for their first rock in the ring. going to play a little more defensively. and team gb puts up their corner

guard. they'll be trying to get a roll or a draw underneath that rock that you see there, that red rock outside of the ring, to serve as protection. >> muirhead made comments earlier in the week that she thought that there was pieces of debris falling from the overhead cameras on the ice and that's why she thought one of her rocks picked earlier in the week. now no one else has said that, but she has had a problem with that already here in sochi. >> it's a relatively new facility. the junior worlds were hosted here last year. that's always a tough event for the olympic facility. so if they haven't had a problem with more air movement, it's possible there's dust or debris coming down on the ice.

>> meanwhile, for canada they have won a medal in every women's olympic tournament but they have not won gold since 1998. there is a lot of pressure on jennifer jones. for more on that we say hello to the third member of our team, trenni kusnierek. >> just the difference of culture in curling in the united states and canada. in canada, it's huge. there's a ton of pressure on both of their national teams. i talked to both of the guys. we're sitting next to the cbc broadcasters. explain to me, how different is the pressure. jennifer jones in their rink, they are always under pressure. they have felt the wrath when they have not performed well. that helps her learn how to handle it. also you should remember that they are sort of in a bubble here. they're isolated. one of the last things, and i thought a very interesting point that the canadians made to me when i was walking away, basically in canada if you come

home without the gold, it's like you didn't even medal. >> yeah, that's good stuff. thank you very much, trenni. i was in vancouver. cheryl bernard had a great run through the round robin and lost the gold medal game. john, you and i were in vancouver. you remember that feeling. it was not oh, great, they won the silver medal, it was they lost. >> the air was literally let out of that building. it was stunning to the people that were there that it happened. to put it in perspective, a lot of people don't know about the population of curling. there's roughly 1,100,000 curlers in the world and 1 million live in canada. that's not an exaggeration. it's a pastime there only second to hockey. so it's not surprising that they have such high expectations of their team. >> curling is an olympic sport. this time canada has made its way into the semifinals trying to chase down their first gold

medal since 1998. >> another look at this shot. >> run back takeout. a shooter rolled to the left-hand side of the center line and now great britain going to try to get underneath and cover here now that canada doesn't have a rock anywhere in the fore. >> very typical strategy when you have the hammer, you can ignore the other team's rocks as long as they're not anywhere near the center of the house. >> got to get this stone buried below the guard up above, and a good stone there from vicki adams. >> thank you. >> canada up by 2 here.

they'll play a run back, at least get this guard off so that it has to be replaced by great britain. they're going to try and run this straight back if possible. they'll wait until very late in the shot to sweep. >> nice play from kaitlyn lawes. but the stone does trail out of the house and now seven rocks remaining in the second end she's the youngest member of team canada at 25. if she was on great britain, she would be the oldest member of the team tied with claire hamilton. >> great britain going to come right back with the draw since there was a guard left in front of the house.

that last shot, a lot of people asked me, who's really in charge of the sweep call? is it the shooter? is it the person in the house? 90% of the time it's the person in the house unless the skip is shooting, and it's kind of a funny thing because sometimes it's just an unsaid thing on the team, but typically as you coach it the person in the house has the best idea of what the line is on the shot so they're sweeping for line. they're calling the sweep for line. it's always the sweeper's job to judge weight and distance on the shot. >> one more for lawes who used to be a skip. she was a skip and won two gold medals at the world juniors. i shouldn't say gold medals. she won two world junior medals.

one of them was a silver losing to eve muirhead in 2009 but kaitlyn lawes decided to move down to vice skip and she threw a beauty as you see the canadian bench. janet arnott is the coach for team canada. kirsten wall to her left is the alternate. >> so great britain, their draw coming underneath that guard flipped behind the t line by about a foot so the defensive play for team jones not being able to hit that rock is to freeze to it. a little short.

sitting in the top eight foot. really wanted to get that rock down into frozen position. jennifer jones has some options here now. she can come right in on top of her own into the four foot or she can just throw a guard. she's in a very good position to steal right now. not a bunch of great angles for eve muirhead. >> what do you guys like? >> i don't mind that. >> try the draw here because if i rub off, it's not really great. >> yeah. >> and members of team usa in the stands here at the ice cube curling center today. ann swisshelm and debby mccormick checking out the

action. sweden playing their semifinal on an adjacent ice. >> long discussion here. often the case with a few rocks in play, really need to figure out if you make your shot, what's your opponent going to do. what are you leaving them when your shot comes to rest? >> canada without the hammer. they can steal. they stole 14 ends during round robin play. that was the most of any team in the field. great britain was second stealing 11 ends. first of two for jennifer jones.

>> looks like they decided on a corner freeze to the red rock that's in the eight foot. it sounds like it's a little heavier than they called for so they're probably going to go directly for the freeze. the shot rock. it's going to slip by this top one, and that's a beauty. >> smile there from jennifer jones, and great britain in a tough spot now with the hammer in the second end. >> you'll see that red rock at the top of the four foot there, that shot that came up short from anna sloan that really put them in this position.

muirhead's going to have to figure out how to jostle these rocks around to give herself some room to draw for one at the very least with the hammer shot. >> eve muirhead, the reining world champ. she was the youngest world champion skip. david hay, the coach of team gb. anna sloan lays the broom as muirhead sets herself in the hack. >> call here is a double run back. yellow line and red on to yellow. >> a lot of weight behind this shot from muirhead trying to get the stones moving. >> whoa! yes. whoa! >> good shot. >> and that's perfect execution there by eve muirhead.

may not enable her to set up for two as i think jen jones will breeze right back into the four foot, but eve should have a shot for one. perfect angle there on the run back. >> it's got to be there, guys. they're just out of the way so a little bit less, you think? rock down this pass? >> maybe a hair less, yes. >> jones really takes her time before each shot. in fact, before her game-winning shot against team usa she did not look very comfortable and took a long time before finally delivering the stone. she made the shot for the win.

>> you heard a little communication there between skip and front end about how hard to throw this rock. jen jones saying this is the second rock we've thrown down this path so it should be a little quicker. sweepers confirming that. this rock slipping just a little deeper than she wanted. and now eve muirhead may have a shot for two here. >> you heard them say fight the white. they wanted that last stone just to hang between the blue four foot circle

welcome to "worldwide exchange." i'm carolin roth. the death toll in ukraine rises. tru russia denounces the protesters as radicals attempting a coup. lenders with big u.s. operations become subject to new federal rules. today's u.s. housing data could show the chilling impact winter weather continues to have on home builders. and uk labor data offers a mild surprise to the markets with the unemployment data edging up to 7.2%. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. and we're watching the scenes unfolding in ukraine.

you're looking at a live shot of kiev. we will keep you updated on the latest throughout the show. meantime, if you're just tuning in, thank you so much for joining us on the show. taking fair value into the count, the dow, nasdaq and the s&p 500 headed for slightly softer opening. dow seen off by 18 points. nasdaq seen off by 5 and the s&p seen off by around 4 points. keep in mind, we saw a mixed market performance yesterday. the nasdaq up by 0.7%. the dow was off by 0.2% on the back of disappointing numbers and the miss from coca-cola. a quick check off european markets, we are back in the red after we saw a bit of a recovery just about half an hour ago. the xetra dax off by 0.3%. the ftse 100, remember we got those uk unempym back in our stanford studio. let's check our social skills by checking on twitter.

canada four gold medals to this point and as trenni referenced earlier, they face high expectations in curling. connor in ontario tweeted, people are breaking out. canada is not winning any gold medals. are you serious? both men's and women's hockey will get it. carcar wrote, not worried about canada's medal rankings because we have curling and hockey in the bag. alisa tweeted, i just died from adorable. a little inspiration goes a long way. this features a picture of jennifer jones' 15-month-old daughter with go, mommy, go, that's isabella. we'll show you more right after the break. there's no inflation that's because in order to have property define inflation, you have to define inflation.

the dollar is king at the moment. i mean, yes, i'm positive on some of these currencies, but i think the dollar is the big boys. canada, and i think the dollar is coming for sterling and the euro. so watch out. and it's unusual for me, but i'm pretty dollar bullish at the moment. >> home builder confidence in the u.s. has plunged in the biggest monthly drop on record. the industry has been hit by relentless winter which led to a decline in buyer traffic and rates concerns over the cost of labor. the nahb wells fargo housing index has plunged by 10 points to 46 in february following snow-related drops in retail sales, unemployment and manufacturing in january. we'll have u.s. housing starts data out later on today. we're now joined by jonathan miller, the president and ceo of miller samuel. jonathan, thank you so much for your time this morning. before we talk about the data today, let me just get a quick

comment from you on the sentiment data yesterday. the sentiment data was long o r overdue for a correction because sentiment simply didn't add up with what the home builders were doing, right? >> yeah. i agree. i think it really shows. i think the impact of the weather, as much as i hate to see it, and also, too, i think we're very disappointed in the dropped traffic on new property considering the challenges with affordabili affordability. rates rose in the middle of last year and that's becoming a -- i think a bigger issue going forward. >> so are you saying this recent slowdown isn't just down to the weather, this is a slowdown which will continue to persist over the next couple months? >> well, i think it's re reorientati reorientation. i think 2013 was a product of a pent of demand after a number of years leading up to the fca thirdend and canada has taken

the lead. one of eve muirhead's stones picked and then the canadians were able to steal a point to close out the second end so great britain still has the hammer but they trail by 3. john benton, trenni kusnierek and andrew catalon. capacity of 3,000 at the ice cube. pretty strong showing today for the women's semi-finals. >> andrew, with just a couple of misses that last end that set up the steal for canada. one early in the end flipping a rock behind the t line that canada froze to. then anna sloan dropped a critical freeze short and didn't believe eve muirhead much. although she did have an opportunity with the last rock to score at least one and just

over threaded it. there's a bit of a miss out of canada. kaitlyn lawes, the vice skip. >> wanted to peel this rock off completely. she just touches it. ends up redirecting right onto the great britain stone. now great britain wants to try to capitalize on this, get a hit and roll and get the shooter underneath that wide corner guard. not covering much of the ring.

>> that rock over curling. >> sloan rolls her eyes as one of the canadian stones remains in the house. >> think it might just come back. think we just know that. can we get two off that? yeah, i think that makes a run, right? >> i can't really roll behind it. >> no. if we touch it a little bit. >> yeah, i think so. >> okay. >> i think in here. >> we mentioned earlier, kaitlyn lawes, a former junior skip at the junior level. she joined with jennifer jones in 2010. it's a big adjustment from when you go to calling the games, down to position of vice skip. now jennifer jones is making the calls. what lawes has said is the two think alike and they play a similar strategy on the ice and that has made the transition for lawes playing under jennifer jones a lot easier.

>> an outturn double here. she wants to just touch the top rock. redirect onto the second one. and she does, but it doesn't look like both are going to go out. shooter spins out. and eve will have a chance to go on the offense again. >> so no guards in front. a clear pass for team gb and one more stone coming for anna sloan. >> another controlled hit for anna here. like to roll this rock away. looks like she added a little

weight to this. it's got curl. here it goes. right on the nose. >> anna sloan, a native of lockerby, scotland. same hometown as men's team mourdock. they play under the umbrella of great britain. >> this is a little tougher angle to make a double. team canada deciding here to make a hit and roll. makes the pass getting a little more difficult for eve muirhead.

you saw kaitlyn's rock run a little straight on this pass when she was trying to peel. they do get the hit but this rock is probably going to roll all the way out of the ring. >> it does, and just one in the house, and it belongs to great britain. and they have two stones to play, so this end setting up as if grit britain can score two with the hammer. >> so eve will want to put this rock in a place where she keeps plenty of separation between the two red stones as long as she makes the rings. she wants to make them even. you heard her say dead level. she wants this rock to go behind the t line by the same distance as the rock that's in the rings now so that there will be no angle for a double for jennifer jones.

>> it's got to be in. >> it's got to be in, guys. >> hear them calling out numbers. they want to be 8. they divide the ice into zones from the hog line there all the way to the back of the ring, the 7 being the line, the t line that they're just when to cross and right to an 8. well done. >> jennifer jones will glide down the ice for one more stone here in this third end. and in all likelihood great britain will be able to score 2.

they've scored 2 or more with the hammer 46% of the time during the round robin. canada was at 49% of the time scoring two or more with hammer. women's semifinal action at the ice cube center. the winner moves onto the gold medal match tomorrow. >> hard! hard! >> trying to hold this one on the line, right to the nose. little bit of a roll. and eve not wasting any time gets the broom set for her nose hit to take her two points. >> so it's been a tough start for great britain. they had their stone picked, saw canada steal a point in the second and a chance to get back

on the board here if muirhead can hit her shot and score 2. >> whoa. clean. clean! >> keep on it. keep on it. just keep on it. >> nice and clean all the way in. >> and she's got it. and 2 in the third end for great britain and we're through three with canada leading 3-2. housin today, expecting to show the impact of winter weather. before you head off to starbucks this morning, you may want to think about getting a tall instead of a grande latte. courtney reagan is at cnbc's headquarters with more about the rising cost of your cup of joe. courtney, we need that cup of coffee. >> isn't that the truth? i saw this and i thought, no, it can't be.

coffee prices jumped to their highest level in more than a year. the may contract wag more than 12 cents or nearly 9% to $1.59 a pounds. it's the highest since january last year. coffee has claimed about 47% in just the past three months. the culprit? consistent dry conditions in brazil. some regions got rain this past weekend, traders were hoping for more and forecasts suggest precipitation was below average in the coming weeks. the dry weather is coming at a crucial time in the development of the current crop. experts say even if more rain were to fall, it's unlikely if it were to help improve the harvest. it's not just the price of coffee beans that will affect your cappuccino intake. dairy analysts say u.s. milk prices could go up as much as 60 cents next month.

they say blame cheese. short supplies pushed cheese to a new short in january and that could affect the price of milk. other factors include smaller herds of cows as farmers cut back for feed costs last year. analysts say milk supplies should shoot up after a new batch of calves are born and milk production moves up two months later. but the drought in california is a wild card. without relief, alfalfa keep it going. >> fourth end. canada on top of great britain, 3-2. john benton, trennikusnierek, i'm andrew catalon. great britain on the board by scoring 2 and now the hammer goes back to canada. >> tell you what, this team great britain, which is team scotland in every other tournament except in the olympic

games, has really been dealt a terrible blow by the royal caledonian curling club. they would not move the date of their national championships, which conflict with the olympic games so, that means that eve muirhead's team, because they're representing great britain at the olympics, is not able to defend their national championships and therefore she is not able to defend her world title. so she will not be going to the world championships next month because scotland wouldn't move the date of the tournament and some of these reasons they used, excuses, were we want to give others a chance and maybe some young players. well, a, this isn't little league, to give others a chance and, b, eve muirhead's 23 years old. i think she still falls into the young category. muirhead herself has said, i'm very disappointed. i've trained my you know what

off to become a world champion and now she will not have that opportunity next month. >> well, the system in the u.k. and in scotland is governed by three different bodies essentially and there's not always been agreement when it comes to the scottish championships versus what's good for the u.k. and great britain, so we've seen these struggles for them in the past. and i don't know that they'll get cleared up. i do know that this decision came down well in advance, and after that initial reaction eve and the girls set their minds straight to actually coming here and doing their very best here, and they know that they'll have other chances to get back to the world championships. so while it's a disappointment, they did come to a point where they understood what they needed to focus on.

>> well, they had no choice. they're not given the option to compete at world championships next month so eve will not be able to defend her title but, you're right, it would probably feel better if they went home with a medal here in sochi. they would be feeling a little bit better about herself. jill officer delivers for team canada. >> great britain had a couple of guards up there for a second in an effort to get a steal to even up this game. jill officer making a nice double peel there. >> officer, 79% so far. vicki adams still perfect with the way she's been scored at 100%. >> again, these statistics that we did about shooting percentages are based on the

shot that was called and how close they're able to execute the shot that was called. so wherever the skip has indicated they want the rock to stop, the statistician will look at that and then judge the score based on the results. in that case, a center line guard about halfway from the house is what was called. vicki puts it right on the spot so she gets a 4 out of 4 for that. >> and still at 100% so far as we play here in the fourth end. canada up, 3-2. >> that guard did leave the rock and the house a bit exposed so canada will take that one out. and without the hammer, if this

were later in the game eve might choose to ignore that stone and draw into the four foot and take some chances, but it's a one-point game. she's going to -- not going to leave any extra scoring rocks around for canada when they do it -- when canada does have the hammer. not just yet. >> anna sloan did not blink as she watched that stone travel down the ice. and nice finish on that stone. >> no lack of intensity with any of these teams, but especially the scottish team.

>> and here's kaitlyn lawes. >> whoa! whoa! yes. yes. right to it. >> a lighter weight dip here trying to get a bit of a roll underneath the corner guard. does roll but not as far as they would have liked. >> lawes for the tournament coming into this game at 83%, tops among all vice skips, but so far today, 67% for the 25-year-old canadian. and now one more for anna sloan. >> clean.

clean. no. no. no. clean. clean. whoa. whoa. whoa. >> wanted to get a little inside roll towards the center line with that rock. anna overthrowing that one just a bit. did not allow it to curl to get that roll. now team canada goes on the offensive. trying to come around. >> yeah, we heard them talking, john, after the conclusion of that third end, and it was one message from jennifer jones, no problem, we'll still get our two right back. >> don't get the feeling that either one of these teams will

get rattled in a big spot. >> that rock nicely thrown. couldn't sweep it at all as it was carrying a little deeper than they wanted and then it actually over curled, exposed probably a third through this hole. >> muirhead very clearly the leader of this team. she is so precise on the ice and demands a lot out of her teammates. she puts in a lot.

>> that's a beauty by eve muirhead getting a nice roll underneath the corner guard there. not necessarily in steal position, but definitely in a position to be able to force team canada to be able to take one now as they reduce the scoring area to just about the four foot range. >> jennifer jones, the 2008 world champion, has won four national titles, although none with this current team. jones has been trying to get to the olympics for quite some time. she does have one national championship with this team. but she failed on her first two attempts to get through trials

in canada and made it here on her third try and has not lost an olympic game yet. >> we've talked about this a couple of times this week, andrew. to say her third try of three tries encompasses 12 years. >> sure. >> and that rock comes up short?

>> yes. >> it spins. >> having these players mic'd up gives you a look at what goes into making a curling shot.

muirhead is so thorough when she talks to her team. makes sure every single player knows their assignment and that one -- that rock was overthrown. you heard them call out 8 or 9 out of the hand. she still gets a nice result out of this coming off their own stone here. actually, moving that one into the rings, so they're actually lying three. but she wanted to get another stone buried a little bit deeper to take away one of the paths for jennifer jones to get one here. and this is no gimme either for jennifer jones. got to navigate a port between two guards. it looks wide but the angle between those two stones makes it difficult.

>> great britain sitting three. last stone in the fourth end. jones has to bring this one in for team canada. >> through the port. >> nice shot. well done by jones, but she is forced to take one in the fourth, and canada leads it 4-2. demonstrators injured. nbc's jim maceda joins us now with more. jim. >> hi there, becky. the battles are ongoing. the dead and wounded continue to rise. the death toll is still, as you say, 25. that included includes yet another policemen, 10 policemen now all killed by gunshots. this morning, it continues to look like an