welcome. you're watching street street. i'm louisa bojesen. >> i'm nancy hungerford. these are your headlines. deutsche bank striking the stoxx 600 summit after reaching a $7.2 billion deal with the department of justice, but says there is no assurance of a final agreement. credit suisse also moves higher as it reaches a provisional doj settlement of 5.3 billion, but says the real deal will cause a $2 billion charge.

barclays is biting back. the lender rejects a justice department complaint, suing the bank after it refuses to settle in its mis-selling case. good morning, everybody. welcome. almost christmas. >> i know. hard to believe. >> you were up all night i heard. super noisy neighbors. >> party from the neighbors what can you do? do you go in at 2:00 in the morning? 3:00? >> always puts your life in perspective when you wake up and others are coming up. >> you've been up since 3:00. >> never mind. one more day to go, and everyone is excited. >> deutsche bank shares have hit the top of the stoxx 600. the german lender saying it reached this provisional $7.2 billion deal to resolve the department of justice investigation into itsishan iss

and underwriting of deals. >> under the tentative agreement deutsche bank would make a 4.1 consumer relief payment and a $3.1 billion civil penalty. let's get out to anetta in frankfurt with all the details. investors like this settlement, why? >> they like that because the cash component, what the bank has to pay is $3.1 u.s., that's a lot less than people expected. the ballpark number rumored here all the time was something around $5 billion u.s. so you see there is relief in the share price reaction here. the other component of the, the 4.1 billion consumer relief, it's not a payment, just to make that clear. there is no cash payment as of

today involved in that component. they are talking about, in the press release, about this coming from restructuring of already existing loans to u.s. consumers, and that does not necessarily mean they have to pay money for that part of that deal. goldman sachs for instance even made money out of their consumer relief program as well as they had in the doj settlement. that's why there's so much relief in the share price reaction today. the cash component is 3.1. the bank has litigations reserves higher than 5 billion euros. they're covered for that. having said that, they also say the fourth quarter will see a hit of more than $1 billion u.s. for that settlement.

so it's just reserved for the fourth quarter, $1 billion u.s. hit. so far the bank is quite restrictive in communication when it comes to that settlement with the doj. that's because, of course, the doj has to come out with their own statement, the final statement expected in january from the doj. but so far a lot of relief from deutsche bank. shares are actually still down year to date, but up from the record low, which they saw when the news dropped out in septembe september. >> back to you. >> all right. thanks for that update. credit suisse reached a $5.3 billion settlement over its sale of toxic mortgage securities. the swiss bank agreed to pay a penalty of $2.4 billion as well as an additional 2.8 billion in

consumer relief. credit suisse says it will book a $2 billion charge in the fourth quarter. >> barclays has rejected a complaint from the u.s. justice department and vowed to defend itself. it is understood the lawsuit was filed after settlement talks between the u.s. government and the british lender broke down. let's talk a bit more about all this. chris wheeler is a banks analyst from atlantic equities. he's with us. good morning. good to have you with us. deutsche bank, they're agreeing to a settlement, credit suisse is settling. barclays not so at the moment. what are your initial thoughts? >> the initial thoughts on deutsche bank, it's good news that the issue has been dealt with. similar story with credit suisse. barclays is more interesting, i'm wondering i would they're pushing back. if we look at european

settlements, they are substantially bigger than the u.s. ones in terms of the amount of issuance those banks carried out, and maybe they feel they're being too unfair to the european banks, i wonder if they're also including lehman brothers issuance in this settlement given that barclays did not buy lehman brothers until january of '09. maybe barclays feels they shouldn't be on the hook for anything lehman for anything did before that time. >> it took took time in the past for settlements. when looking at deutsche bank, they have assets of 1.6 trillion euros, give or take. hsbc's around 50% greater. still one of the top ten banks in the world. do you fear we will see

ramifications in terms of contagion from the bad loans and high debt levels we're dealing with? >> i think it's receding. i think there was so much concern around deutsche bank in september, they had 500 billion of deposits, 2 00 billion liquidity. still a strong balance sheet, the problem was their capital situation. most of the larger banks can now cope with what's hitting them in terms of some of the litigation. it's taken a long time compared to u.s. banks, but they are step by step getting away from what occurred during the crisis. i guess i'm more sanguine about it. >> looking at deutsche bank shares at the moment, investors relieved but still some serious tasks to be take be by management. what does john cryan have to do straight off the bat in the new year to convince investors there's further upside to the stock? >> first, he has to tell them

what he's doing in terms of the rest of the negotiation around commodity trading, et cetera. obviously these are smaller issues. he wants to give comfort there in terms of what provisions he's taken. secondly, he's trying to dispose of post bank, there's progress there. and then bit by bit progress, rationalization at the bank, cutting costs, making it more efficient and making sure you can see through all the noise and realize that actually there is a very strong leading european investment banking franchise there. unfortunately there's a long way to go for john. he said that himself. probably another couple years before you see the benefit of what he's trying to do. >> you touched on some of the unique aspects of the barclays case. they rejected the claims. they want to fight them. do they stand a chance to get this one dismissed? >> i don't think so. one journalist suggested to me

this morning he was looking forward to the case going to court. i don't think we'll see that. i think the board has decided to play hardball for whatever reasons they think the settlement by the doj is unfair. we talked about that earlier, the sheer scale compared to u.s. banks and this lehman brothers issue. >> chris, thank you very much for joining us on this breaking development. chris wheeler atlantic equities. we want to bring you up to speed on developments in the italian banking sector. the government has authorized a rescue plan for banco monte dei paschi. this after the doubled lender failed to raise capital from private investors. speaking at a press conference, prime minister paolo gentiloni said his cabinet approved a 20 billion euro fund to prop up the banking system. shortly after, a capital injection will be received from the state. gentiloni clarified the plan will work within eu rules

hinting that bondholders will be forced to accept some losses. want to bring you up to speed with what's taking place elsewhere in the world. live pictures of the russian president, vladimir putin, as he is delivers his annual address. it's the end of the-year press conference to be exact. as of now, he's been talking about how russia 2016 gdp is down a half percent. 2016 inflation seen at 5.5%. the budget deficit anticipated to be at 3.7%. he is saying the budget deficit is seen as acceptable at those levels. i have to say, nancy, happy 2016 to the front page of the financial times. the story putin and trump calling for a nuclear boost. if you read this piece, it's pretty shocking. really shocking in terms of the rhetoric. >> always unsettling to see a headline like that first thing in the morning. >> it is. also the posturing, these

nuclear posturing moves we've seen by moscow, and now following on from putin from moscow, you have the u.s. and mr. trump following. are we trying to go back to pre-reagan era? reagan gorbachev era? >> it's not clear if they were timed to come in next to each other. >> it seems trump was responding. it is all this feather puffing. if one person is puffing his feathers, the other has to as well. we have arms, too. no we have more arms. it's such a shame. takes such a long time to work towards nuclear proliferation. to move away from it now. >> anothi've been tweeting this article. i shouldn't be shocked, right? i kind of am that we're actually talking about upping nuclear weapons in the west.

>> tell us what you think. >> head online and look at that article. @nancycnbc, and i'm at @louisabojesen. you can take a look here at our european markets this morning. a little bit higher. opened flattish. just hanging on to very slight gains. looking at our sectors, to the upside, real estate hanging on to most gains. basic resources off by a half percent. joining us now is graham byrd, pleasure to have you here. thank you for joining us. one trading day now before christmas. a lot of excitement around the u.s. rally we've seen. when you look at the european equities, we have seen a bit of an uptrend especially given the brexit fears in june. what do you think going into the new year? is there reason to be confident on equities going forward? >> i think there's a lot of positivity that's come in we've seen a strong rally in the u.s., from my perspective equities in

the u.s. are looking quite highly valued, but there's lots of reasons for that. looking at the european markets, there's catch up to come. the positive thing coming through for me is a little bit more of risk appetite that has come into the markets. so we've seen a rotation out of defensives, out of the yield trade that we had before, and people moving that into some cyclical stocks. a little bit more of a bounce in some resources, positivity coming through around the trump expenditure plans. >> you tend to invest in smaller, medium sized firms. small cap firms tend to do better in a raising rate environment. we've seen that with the russell index. how does that play out here in europe considering that rates are expected to stay where they are for longer? >> for the first time in a long time, you see that buy furcation of what's happening in rates in the u.s. and in the uk and europe. i'm reasonably bullish on the

opportunity set. there's been a big disparity in the valuations of smaller companies, where people were pumping for growth. you have quite higher valuations. within that, rotation towards value orient tated stoorientate think the uk economy has some positive sentiment around. a number of stocks can benefit from that. the other point is the weaker pound, which you can find smaller stocks which have more direct exposure to that, and how they will benefit from that going into 2017. >> any particular names you care to highlight? >> actually i'm looking at sector themes, specifically there. technology has been a big player, of course resources. i'm not a resources investor, but a lot of companies are exposed to resources, and also to infrastructure spending and so on that will benefit. on the technology side.

looking at the hypes, what are the big themes? a lot of talk about artificial intelligence. that's probably early stage. a lot of technologies which have become mainstream, particularly multi channel communications, cloud based technology, and remote office type stuff. some of the companies that are in there,. >> if you want to hedge yourself, so you want to still play the possibility of growth in tech or of a loser regulatory trump administration, at the same time you want to hedge yourself against some of the potential risks for 2017, what is the hedge? >> i'm not a hedge fund, i don't specifically do that, but on the other hand what are the risks? i guess volatility coming back into the market always impacts the smaller cap indices than the bigger cap indices. so you can hedge against that.

some smaller cap companies will take a hedge against that portfolio because you see a greater beat generally on the index as a whole. >> graham, thank you very much. merry christmas. >> thank you very much. >> day early. gram bird. in denmark it's christmas on the 24th. that's when we celebrate, the 24th. >> we do that. we like the two days, christmas eve and christmas day. >> 25th is more american. >> depends which faith you observe, but i like celebrating both. still to come on "street signs," vals gets flowered and le pen struggles. never a dull day in the french leak sh election. more after the break. take one.

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good morning. welcome back to "street signs." we've been talking deutsche bank this morning. investors welcoming that deal with the department of justice. we've seen shares jump higher by 4% at top of the stoxx 600, also getting comments from the government saying they welcome the deutsche bank agreement with u.s. authorities. they declined to comment on the details involved. undoubtedly this is good news, not just for deutsche bank investors and management but the government as well. the french far-right leader, marine le pen is struggling to raise the necessary funds for her presidential campaign. one ratio that banks continue to decline to is the national front for political reasons. the party's general secretary said he sought a loan of 27 million euros to pay for presidential and legislative campaign last year.

another protester threw flour at another candidate. valls is trying to secure the socialist party ticket. welcome back. emily mansfield, eurowelcome. last time you were here you were talking about juppe a couple days before the election, and fillon ran off with the vote, very much in the front running, huge margin. is the same going to happen this time? polls will surprise us and that someone we don't think will run off with the victory for the socialist party might run off? >> there's always that possibility, of course. certainly fillon performed well in the tv debates. that was a factor. in the last few days that caused some voters to vote for him.

we could see the same thing happen with party socialist candidates. it does look like manuel valls will be the most likely candidate chosen. >> how about someone completely different, like macron, running as an independent. he's come out quite far ahead in some of the recent polls. >> right. i think what is complicated about this french election is we have this left-wing primary happening to choose a candidate for the party, but then some candidates have chosen to bypass this and run directly in the presidential election. even if he wins, he will be up against some formidable opponents, like macon in the center. he has a lot of buzz surrounding him at the moment. i would take a pinch of salt the poll that showed him as the most

popular politician a few days ago. >> i have to wonder in macron's case, the fact he's somewhat on the right when it comes to his economic principles, but not so far as fillon. >> the fact that fillon is so hard right, neothatcher right, that may turn off some voters. and valls, or if we get another candidate, there's a lot of centrist votes who macron could appeal to. that said, he has a fairly narrow support base, liberal, urban voters. there remains questions if he can broaden that. >> when you look at fillon's farther right views, some say that's good news in defeating marine le pen.

when you look at the latest terror attack in berlin, how does this impact the polls in france? some might think it's a boost for the far right if this becomes more centrist to voters concerns. what do you think? >> i think france has already seen three terrorist attacks on its own soil in the last two years. the issue of terrorism and security has already been at the top of the agenda for a long while. that has bled into le pen's support already. whether she can pick that up further, i'm not sure. i think the berlin attack, it's one factor perhaps feeding into her support. one of many. >> as we spoke about last time you were on, he will pen doeslee the backing of the traditional party like fillon has. you still put her chances at 40% of winning the election. >> we shouldn't underestimate the populist surge we've been seeing, we've soon brexit and

trump, and there's a significant proportion of french voters who may want to show they've had enough with the establishment. the fact that fillon is running, he's running on quite a hard right economic proposal. there's a a possibility -- the question is what will happen with left wing voters when they're faced with a right wing candidate versus far right candidate. do they decide to support the center right candidate to keep the far right candidate off the office or do they abstain or vote for le pen instead. >> thank you very much. emily mansfield. merry christmas. >> you, too. >> christmas weekend being upon us. speaking of which, divers wearing santa claus red and white robes are welcoming visitors at a south korean aquarium today. i have not seen santas like this before. they were swimming inside a tank

with stingrays as part of the seasonal sell breaks at the aquarium. the underwater performers are entertaining visitors there until the end of the year. >> you know the stingrays are like, guys, we're the sane ones here. get us back in the ocean. leave us alone. >> you can find us on twitte twitter, @louisabojesen. >> i'm @nancycnbc. >> and world markets live, our all day long running throughout the place. you have a whole lot of good stuff there. take a look at that we'll be back in a couple minutes with much more here on "street signs."

good morning. welcome back to "street signs." i'm nancy hungerford. >> i'm louisa bojesen. these are your headlines this morning. deutsche bank striking the stoxx 600 summit after reaching a $7.2 billion deal with the department of justice, but says there is no guarantee of a final agreement. credit suisse also moves higher as it reaches a provisional doj settlement of 5.3 billion, but says the real deal will cause a $2 billion charge. barclays is biting back.

the lender rejects a justice department complaint, suing the bank after it refuses to settle in its mis-selling case. welcome back. we've seen a slight upward revision to the third quarter gdp data in the uk. a final third quarter gdp reading revised higher, 2.2% year on year, as opposed to 2.3% reading last time around. so we're just a bit higher on the quarter on quarter figure. when it comes to cable, 1.22 and a bit. growth figures at 2.2%. let's talk more about this data. simon french is with us this

morning. slight revision to the upside quarter on quarter figure in the uk. data in general post-brexit vote has been stronger than anticipated? >> it has. this shouldn't come too much of a surprise given retail data, bounce back in construction. luke at the basket of economic indicators, you conclude most households, most businesses have done what we have done, looked at what has changed since june 23rd, and nothing has changed. actually not getting much clarity on what the new world will look like. you probably carry on broadly as you did before. uk had a lot of momentum going into the referendum vote. a big supply side expansion, labor force continuing to grow, and devaluation of sterling which in the short run before inflation coming through is stimulative. >> how much of it -- the not having changed bit, how much is down to companies, corporates versus the consumer holding up?

>> it's mainly led by consumers. corporates have taken a slightly more cautious stance on investment intentions. consumers actually, there's some evidence from the cbi, that they're bringing forward big ticket item purchases on the anticipation that prices may go up after christmas. that's a short-term boost with a bit of anxiety of what's to come from the devaluation of sterling that should push inflation up towards 3% in 2017. >> simon, looking at the details of the report, on the business investment side, that's been revised lower, still growth of 0.4%, compared to 0.9%, also lower when you look at the annual investment rate. is this the real effect of brexit, corporates will continue to be on hold when it comes to investment decisions? >> if you can defer decisions to such point that you can have greater clarity, you will. that's what you're seeing in the data. the question is, of course, what

clarity will we get in march? march is a key data point, key time scale for the uk government to release its dossier on its negotiating position with the european union and trigger article 50. at that point businesses have more clarity and indication of the time scale and will do a bit of a no-go decision point. >> do you think it really helps if you're a decisionmaker? at that point, in march, we'll know more about where the government stands in the uk, but not have insight on what the european leaders are willing to give back. some people say overall that negotiation process could go over ten years. >> i don't think the negotiation of article 50 will go over ten years. i talk about it in terms of the divorce and second marriage. the divorce will take place within two years. the second marriage may take a decade to broker. if you look at the experience of the eu with canada, seven, eight

years and counting, still not fully ratified, that's the time scale you expect for the trade deal. in terms of your conversation around the watch decisions, the decisions they make, they'll wait until we get decisions from france, also germany and the leak shun there's in terms of who will lead the agenda from the 27 perspective. >> real household disposable income, minus 0.6%, quarter on quarter, the biggest fall since 2013. year on year the weakest annual growth figure since the third quarter of 2014. also looking at house old savings ratio, 5.6%. >> the savings ratio, take the last data point first, it is an indication the household finances are resilient. you've seen those big interest rate cuts since the financial crisis, supplemented in august by the bank of england cutting rates further, doing qe, keeping

mortgage costs under control. corporate debt. households have taken advantage of that to push the savings rate down, a sign of confidence. you see the other side of the -- that real household income number, the wages picture. wages have been stagnant. >> simon, thank you very much. merry christmas. >> very merry christmas to you. >> simon french, uk economist. >> as it is the last trading day before christmas, no surprise we're seeing thin volumes today, relatively little action on the main board. the ftse 100 barely in negative territory. the xetra dax slightly positive. deutsche bank the outperformer. french cac 40 in positive territory. the ftse mib higher by 0.7%. let's breing you up to speed on the fx trade. european single currency higher

by 0.2% against the greenback. the dollar showing some weakness against the yen. sterling slightly weaker as well. the aussie dollar, lower on the greenback by 0.15%. let's show you u.s. futures. investors still holding out hope for that big 20,000 mark. though we did get two consecutive days of declines on the dow jones. looking at a slight uptick, higher by ten points. s&p higher by less than two points, the nasdaq higher by 0.4%s. you have to imagine fewer training going into manhattan today. people out for christmas holidays. people saying it would have to be a major catalyst to the upside to get that 20,000 mark. >> when you think about it, it is only a number. >> psychological at this point. >> the algorithms around it. >> nice headline grabbing, but really it's the s&p 500 that many are keeping an eye on. >> donald trump has reversed

america's nuclear policy with a tweet. the president-elect has called for an expansion of u.s. nuclear capabilities until "the world comes to its senses regarding nukes." i personally don't understand this. again, as i was saying earlier and have been tweeting, you were saying happy 2017 to this article, i don't understand how we need to get more nukes because we need to come to our senses with nukes. >> in these uncertain times. it does raise some concerns about you never know whose hands they will fall into. this idea of whether or not we build up the nuclear armament, others were saying it's a show of force after vladimir putin made similar comments. >> do we really want to start this cycle, i make a comment, you make a comment, i make a bigger one. all this feather puffing. we've gone back 40, 50 years,

p pre-gorbachev and reagan. after setting off alarm bells throughout the campaign on how he would handle nuclear weapons, donald trump said he wants more nukes by tweeting the united states must greatly strengthen and expand its nuclear capability until such time the world comes to its senses regarding nukes. only hours earlier, vladimir putin, who u.s. intelligence officials say was personally involved in the cyberattacks to influence the u.s. election, told his generals we need to enhance the combat capability of strategic nuclear forces. last spring bringing trump to fire for saying he would use nuclear weapons against isis. >> they hear a guy running for the united states president saying he wants to use nuclear weapons. >> why do we make them? >> all during the campaign trump dealt with nuclear weapons

loosely and cavalierly, this tweet may have started a new nuclear arms race. >> what is your concern when you see what sounds like new policy being made on twitter? >> every word matters. strengthen the nuclear arsenal, fine. expand it? everybody is harping on that world, whether donald trump meant it or not, he's changing u.s. policy. >> donald trump has ratcheted up the pressure on lockheed martin by suggesting a boeing alternative to the f35. a day after meeting with the ceos of both defense companies, the president-elect tweeted that he has asked boeing to offer a price for the f18 super hornet. the f18 is significantly older than lockheed's f35 and does not have the same stealth capabilities. following trump's tweet, lockheed shares fell 2% in after-hours trading, boeing's shares on the rise by 0.7%. >> other global leaders in europe or iran as well, everybody is like what?

what? you want more nuclear weapons? what? >> you used to just say it at the podium, now it's coming straight on twitter. a whole new game. look, we'd love to hear what you have to say about this, your thoughts are. find us on twitter, either tweet the show or -- >> @nancycnbc. >> or @louisabojesen. the newly picked trump adviser carl icahn criticized the observed regulatory environment. speaking to cnbc yesterday he called for regulation to be toned down and said he was concerned about the market in the short-term citing a possible trade war with china as a risk. >> if you get into a trade war with china, sooner or later i think we'll have to come to grips with that. maybe it's better to do it sooner. that's not my decision at all. >> the syrian army has taken back control of aleppo, this after the last remaining rebel fighters were evacuated from the city. it constitutes the biggest boost for president bashar al assad

during his six-year war. the army said it marked a return to safety and security in aleppo. fighting continues to rage in other regions. now a u.n. security council vote calling for israel to halt its illegal building of settlements was postponed yesterday. egypt decided to pull the resolution after intense polling by israel. trump spoke directly to president assisi. many thought the united states would be a stain from the vote in which would have been a rare vote by israel's main ally. this is interesting because trump is still a president-elect, having a president-elect intervening in matters like this is also something i don't usually see. usually. a lot going on on the

political front, putting all of that aside, just for a bit as we head into break, coming up on the show, what's on the christmas list of some of the mega rich out there? i took a trip to find out.

good morning. welcome back to "street signs." porsche says a federal court rejected an appeal from u.s. hedge funds claiming 1.2 billion euros in damages. the plaintiffs claimed they were harmed by alleged sohort swelling, swaps involving volkswagen shares in 2008. nn agreed to by delta lloyd for 2.5 billion euros after raising its offer to 4.5 billion euros per share. the insurer made another 2.4

billion offer which delta lloyd rejected. vivendi has raised its stake in mediaset once again to 28.8%, amid italian concerns about the french media group's intentions. that's just shy of 30%, the flesh hold when a full takeover offer for all outstanding shares would be required by law. vivendi's ceo is due to meet with a regulator in rome today. 2017 could see tech wars reach new heights with a spate of new gadgets slated to hit shelves. josh lipton tells us what's in store for tech next year. >> reporter: the nasdaq surged to new highs this year, and 2017 promises more fire works with dynamic gadgets, services and the cloud wars. first, google's head is in the cloud. the search giant controls just 5% of the cloud infrastructure market. in 2017 google will double that

putting pressure on industry leaders like amazon and microsoft. second, trump doesn't scare cook. on the campaign trail, donald trump went after apple for manufacturers overseas. saying he wants apple to bring iphone production home to the u.s. that's not going to happen. the economics of bringing large scale low skill assembly line work back here don't make sense. tim cook will counter that he already directly employs some 80,000 people. third, the tech ipo pipeline heats up for the enterprise. snap will make its public debut next year. but it's the smaller enterprised focus startups that will dominate the ipo market in 2017, okta, mulesoft and act dynamic also go public. big established companies want to see the financials of their vendors before opening up

wallets. as we were saying earlier, live pictures coming through from the russian president, vladimir putin. delivering his annual end of year press conference. some things he's talking about are the russian economy. we were talking about the rhetoric, the heating up of rhetoric that's happening with regards to putin and trump calling for this nuclear boost, donald trump tweeting yesterday that the u.s. must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes. that was the tweet from trump after putin indicated that they're upping their nukes as well. putin having said in this press conference that the president-elect trump's statement on nuclear capabilities is not a surprise. putin also saying that russia is stronger than any potential enemy. now wondering whether we'll hear the u.s. come out and say we're stronger than any other enemy.

again, this feather puffing is -- >> and at the turnover of an administration like this, you see leaders testing one another, but it's different when i get direct comments like this. >> you do but this is much more hostile suddenly -- not hostile, but much more defensive and even offensive than what i recall in recent leadership turnover periods that we've had. any way. we'll keep you abreast on other comments that come out of this putin press conference. >> also watching developments coming out of italy, italy's interior minister, angelina alfano is due to deliver a press conference. this follows unconfirmed reports that the suspect behind the berlin market attack was killed in a shootout in milan. we'll bring you any confirmation and updates from that press conference. and different story we've been following, but you can't ignore the fact we're a day, two

days away from christmas. >> a day. >> christmas eve, a day. you have some time to do last-minute shopping. when keeping up with the holiday shopping theme, we've been taking a closer look at who are the winners and losers this christmas. as online shopping takes another jump, our next guest sees amazon coming out on top this season. let's get out to kevin quig joining us from new york. kevin, thank you for joining us. you like amazon. they have been topping the traditional retailers for quite some time. what makes this season different in your view? >> they have. first of all, thanks for having me. happy holidays. christmas eve is tomorrow. we've seen a good holiday season. so really the trends are continuing where people are moving online with buying behaviors. amazon for several years has been a leader in that space and have taken increasing market

share going online. amazon prime has boosted customer satisfaction. as people move online they've been the clear winner. >> we know the traditional players have been trying to fight back against amazon. who is winning and who is losing? >> it's a similar story, the firms winning are the ones integrating services online and understanding that tying the traditional bricks and mortar service to the online that is growing is a means through which people are getting goods and services are successful. nordstrom has been successful in doing that. that in store year over year numbers are flat, but online sales have increased double digits. that company has done a good job of -- traditionally good in-store service, matching that with young line services. that is helping them weather the holiday season in a positive manner. >> kevin, hi, you mentioned nike as well. why single out nike compared to other rivals?

>> this investing thing, buy low, sell high. nike has had a tough run. it's been a poorer performing stock over the last year. customer satisfaction for the last two periods, nike not only increased satisfaction but moved above the industry peer group. customer satisfaction is typically something that's a leading indicator, something that tells of future buying behavior. we're starting to see that in the market. when we talk about online distribution, nike can their app and making certain products only available through their app, they are starting to drive some business towards the online part of their distribution effort. and that really speaks good things for their future selling. >> kevin, thank you very much for bringing us that perspective. kevin quigg from acsi funds. as we just mentioned, italy's interior minister is due to deliver a press conference,

this follows unconfirmed reports that the suspect behind the berlin market attack was killed in a shootout in milan. we are awaiting this press conference and any confirmation that comes out as we follow the various reports hitting the wires. >> the reports have been confusing within the last hour or so, hour and a half or so. there's been discrepancies with regards to where the suspect was, potentially had gone to denmark, possibly in italy. this press conference is going ahead now. we understand via reuters quoting sources that they say that berlin's suspect was stopped during a normal police check in milan, and reuters quoting the ansa news agency that the suspect was shot and injured by a policeman after being asked for i.d. fingerprints apparently identified the man killed in

milan as the berlin attacker. this just hitting our wires right now. we anticipate we will hear more about these details in the press conference that will start in roam. we just have the pictures coming through live out of rome ahead of the press conference taking place. the german prosecutors, they have been in contact with italy over the berlin attack case. and the latest should be announced imminently on this. >> that's right. we did hear from one source in italy that a short video posted on a website had shown police gathered around a cordoned off area in the dark. they say a shooting happened before dawn. again, we will await this official confirmation as to whether that incident was related to the suspect. >> we still don't know. reuters saying the berlin attack

suspect was shot around 3:00 a.m. after being stopped by police near a milan suburban rail station. that's what we know as of now. do stay tuned. we'll have more on this as it evolves. we're come together end of "street signs." we want to show you also what the u.s. markets are setting themselves up for today. currently higher on the open as seen on the right-hand side of your screen, ahead of this long christmas weekend. we're off on monday. that's it for today's show. thank you very much for being with us. i'm louisa bojesen. >> i'm nancy hungerford. very merry christmas. >> merry christmas.

good morning. breaking overnight, deutsche bank says it reached a $7.2 billion deal with the u.s. department of justice. and new this morning, italy sets up a backstop fund to shore up troubled banks. and a call for competition. president-elect trump takes to twitter urging boeing to undercut lockheed martin in its price. it's friday december 23, 2016, "worldwide exchange" begins right now. ♪ good morning. welcome to "worldwide exchange" on