good morning, everybody. welcome. it's friday. you're watching "street signs." i'm louisa bojesen. these are your headlines today. in europe, details matter. the european commission president taking a swipe at the trump administration for its lack of knowledge of european affairs as leaders gather in malta. mining stocks fall to bottom of the stoxx 600 amid fears about china's growth prospects. this after the pboc surprised markets by hiking short-term lending rates. shares of banco popular slide after the spanish lender

posts a 3.5 billion euro loss on charges related to its clean-up of toxic property assets. skanska rises to the top of the stoxx 600 after the construction company's full-year 2016 operating profit and orders top analyst expectations. good morning, everybody. welcome to the show. i'm glad you're with us. we have an hour together. once again, super busy day. busy wires right now. the eurozone markets, pmi data for january hitting the wires. composite pmi, 54.4, a hair above the flash estimate of 54.3. and bang in line with what we saw in december, 54.4 reading at that stage. the final composite new business pmi, 54.3, just a tad down on the flash estimate.

but still being the highest readings since november of 2015. services pmi, 53.7, which is a little bit higher than the flash estimate, but again, completely similar to what we saw, the final reading for december be. and the final services employment pmi, 52.8. just a bit higher than the december final reading of 52.2. the highest since july of 2016. businesses in the eurozone staying relatively upbeat here at the beginning of 2017, according to this data. now, the uk prime minister, theresa may is set to tell eu members at a summit taking place in malta that her country will remain a reliable partner after brexit. the prime minister is expected to urge countries to ramp up defense spending amid president donald trump's continued

skepticism over nato a. the european council president, donald tusk will call for stronger unity amid eu countries with external threats, including rhetoric from the trump administration and brexit. he is set to navigate one of the most tumultuous periods within the eu. annette joins us from the summit. i just caught you just here within the last half hour or so talking to merkel. >> yeah, that's exactly right. we had a chance to put a short question to angela merkel, who, of course, is the german chancellor. i had to ask her whether donald trump is a major threat to what she feels like being the stability of the european union. she was then answering that, that europe has its destiny or its fate in its own hand, and

that the more -- the stronger we define europe as such, the stronger can be the relations to the united states. i think the message is quite clear, europe has to toughen up, has to unify in order to withstand threats from outside, withstand criticism from everywhere in the world. i think this crisis is more acute than ever when it comes to the european union. we're not only talking about an acute crisis, a debt crisis, a refugee crisis, it's a crisis of stability, of its existence. i think she's quite aware of that fact. of course there are also acute crises in the european union. you may not have noticed that romania is a country where people are flooding to the streets in 10,000s in order to protest measures taken by

parliament. i had to ask the prime minister of romania how the situation is in his country. how he feels about it. take a listen. >> the situation in romania is very complicated. but we have hundreds of thousands of romanians out in the streets, and i trust them. i trust my people. i believe in romania. in the end i'm convinced that we will -- we have to find a good solution, the rule of law has to prevail. the european values have to prevail. and this is what i believe will happen. >> what would you tell investors -- when do you get political security back in your country? >> well, the investors are not threatened. the economic situation is still very good. i think it will stay good. no problem for investors. this is a matter of principle for the population. we are not in a situation

where investors are threatened about europe currently, but we all remember when afraid of breg up of the eurozone, this scenario could be back soon. there are people betting on a breakup of the eurozone again, saying government bonds from germany are an attractive asset to have. another all-star european arriving here is jean-claude juncker, we all know him. we had to ask him what he makes of trump and this summit, what he thinks is going to get resolved today. take a listen here. >> no, i don't feel threatened, but i think there is room for explanations. sometimes you get the impression that the new administration does not know the european in detail,

but in europe details matter. >> to summarize, there's a growing sense of urgency among european leaders that they have to come up with a convincing business model for europe, they have to come up with a convincing marketing story, all these leaders, they are just elected. they need to sell the idea of europe to people at home. as you were pointing out earlier, we were discussing, those leaders, part of them are facing re-elections in their countries. i think the biggest task for european leaders is to convince people that euro is worth to have in place, it's not just -- it's a concept of europe which is also bringing prosperity to countries. back to you. >> annette, a lot going on in malta. thank you very much. annette from the eu summit. get involved. get involved nice and early so i can use some of your comments and questions to our guests, on

e-mail if you write slightly longer, streetsignseurope@cnbc.com. and you can find us on twitte twitter, @louisabojesen. just glancing at the yu european markets this morning. just a bit higher on the stoxx 600. you will note on the main european equity markets, a similar story reflected there with all the markets trading in positive territory, except for the atx in austria. helsinki trading lower as well. and finland. but that despite the fact that we saw chinese stocks and some other asian markets flutter overnight after beijing hiked short-term rates. we'll talk about that in a second. before that, let's talk to director and head of ema investment strategy from ishares. good to see you. >> good to see you. >> we have non-farm payroll data out this afternoon off the back

of the fomc decision. what are you anticipating for non-farm payrolls? >> the u.s. economy has been on the mend for a quite extended period of time now. that preceded the momentum start as picking up even before the u.s. elections. so that momentum has been quite strong. specifically employment has been a bright spot in the u.s. recovery. if you look at adp released earlier this week, it's been quite strong. if you look at employment component of the business survey, it has been quite strong as well. so there is room for upside surprise. having said that, expectation for the release is quite wide. we have a wide range of headline numbers. >> we're showing a forecast of around 175,000. 174,000 if you're looking at the dow jones forecast. if it's stronger than anticipated, if it's somewhere in the region of 200,000, does that mean that we potentially could be looking at three hikes

this year? we're debating two to three hikes from the fed. critics are saying it's way too early to talk about hikes, wait to see what happens after the trump administration gets in, and once wage inflation stops feeding through. >> it is quite early to be definitive about the number of hikes for this year, especially given ms. yellen's comments about monetary policy in response to fiscal policy, because there is so much uncertainty around fiscal policy implementation. dot plots are pointing to three hikes this year. markets are pricing in two to three hikes. and if we look at data alone, that's achievable because u.s. recovery has become quite sustainable. >> how you are thinking about europe at the moment? we were just hearing there from annette in malta and with all the eu leaders, some commentary about the attention is in the details, the importance of europe standing together, how am

i supposed to think about investing in europe given that we have a brexit upon us and we have a change of administration stateside. >> that's a great point. europe has been a bit of a dog in terms of performance. last year we saw more than 30 billion of outflow coming out of european equities alone in 2016, reversing almost completely the prior years of inflows. however we're starting to see interest coming back. so far this year 3 billion of inflow going into european equities. if you think about the risks ahead, we have lots of elections, nether land, germany, france, but now potentially italy as well. so investors are worried. speaking to them, a lot are saying, look, last year we saw brexit, afterwards uk equity market rallied, after that election, after that u.s. equity market rallied. so we're starting to reassess their underweight, their dislike

towards european assets for fear of a market runaway situation similar to last year. >> if i believe this that theory, and if i do think europe has been a dog long enough and let's reposition ourselves, you talk about the inflows into europe, do i go prerifry europe, core europe, do i diversify? >> if you look at flows, there's not a specific preference for peripheral versus core. having said that, if you look at the broader growth picture, europe is looking better. some countries are looking more better positioned than others. for example, france in a slightly better position in comparison with the signals picking up from the likes of italy. so there are differentiations to be made. when we talk about broader severe of underweight, we are talking about being broad rather than selective. >> i was listening to mark carney's press conference yesterday, it sounded like he

was quite optimistic on unemployment levels coming down, growth heading higher. he did sound cautious on wage inflation and indicated they could go from 3% to zero. at some point that will come home to roost with the consumer. are you optimistic at all about uk growth and the uk investing in the short-term before we have the actual brexit? >> definitely. with regards to yesterday's meeting, it has been on balance a bit more dovish than expected. you talked about a growth upgrade in terms of expectation. a bit of inflation upgrade as well. not as much as the growth revision. what is the strongest dovish signal has been the bringing down of the eke lequalibrium

unemployment rate, and they think it will take longer to feed through and for unemployment rates to fall to a level that affects wage growth. you saw that reflecteded ed ii performance of the sterling and the equity market as well. wei li, thank you for joining us. have a good weekend. >> you, too. some news flows, shares in banco popular hitting the bottom of the europe after posting a loss of 3.5 billion euro shares. this is due to one-off charges related to the clean up of its troubled property portfolio. analysts had been expected a also of 2.4 billion euros. skanska's full year 2016 operating profit and orders topping analyst expectations. the swedish project development

and construction company posted revenues of 151.3 billion swedish krona, while operating came in at 8.2 billion krona. i'm just glancing through a whole bunch of your early bird commentary coming through. you can find us on e-mail, streetsignseurope@cnbc.com. an interesting segment coming up on iran and on the immigration ban that's being put on in the u.s., and what that moaeans in general. it will be interesting to incorporate some of your thoughts, you can also find us on twitter, streetsignseurope@cnbc, or if you want to talk directly to me, it's @louisabojesen. that segment coming up. also before that, delivery failure. as investors get weighed down by

a parcel of costs. we'll be addressing amazon's first class ambitions and hear more on that front. that's coming up. you're watching "street signs." it's friday.

good morning. welcome back. you're still watching "street signs" on this friday. the chinese central bank unexpectedly raised rates by 10 basis points to raise monetary policy and contain capital outflows. pauline has been looking at this. unexpected hike in the short-term rates after the medium term loan facility was raised in january as well. >> yes, it was a one-two punch. it impacted the shanghai

composite which came back online after a week-long holiday. let's look at the shanghai composite. it ended down 0.6%, all sectors declined except the defense sector. then we had a knock-on effect on the hang seng, which ended down a quarter of a percent. resource firms getting hit there. on top of that, similar effect on the asx 200, share market down 0.4%. the mining index fell to a two month low down 1.6%. we also had our eye on the nikkei today. which ended flat, but the bond market was disappointed after the bank of japan initiated it's bond buying today and bond traders felt it wasn't enough. so they exited their position and that pushed the yield on the ten-year jdb to the highest level since january of last year. there's concern that the boj wasn't buying enough.

you remember january of last year is when the central bank actually went into negative rates. so that's a look at the broader market. mixed picture here this friday evening. back to you. >> pauline, thank you very much. have a fantastic weekend. we'll chat next week. snap has officially filed to go public. the social media company move is one of the most anticipated ipos of 2017 in its prospectus snap warned it may never achieve profitability as it outlined a loss of over half a billion for 2016. the founders own around 20% each and they plan to be the first public offering in the u.s. to issue only non-voting shares, so they'll control off of the shareholder decisions. amazon shares moved lower by almost 4% after hours on disappointing operating profit guidance for the current quarter

due to costs into video and warehouses. amazon's cloud computing division saw revenues jumping by 47%, that is still missing expectations. amazon off by 4%. now gopro has forecast a steep drop in margins for the current trading quarter. this as the company reported revenues below expectations because of lower sales of its body-mounted camera. shares in gopro tumbled down more than 12% in after-hours trade on the back of that news. the list continues. visa beating expectations on both the top and bottom line as more people used the network. in its first earnings call as ceo he said they are committed to china. shares rose by more than 3% in

after hours as it also reiterated its full-year guidance. ralph lauren's ceo will be stepping down after less than two years at the helm of the company amid disagreements with the founder and former ceo turned chairman, ralph lauren himself. stefan larsson will be walking away with a $10 million pay settlement. the u.s. brand posted disappointing holiday quarter revenues of $1.7 billion, which means that figure is down by around 12%. sony shares rallying after reporting better than expected december quarterly earnings. makiko joins us from the nikkei. what's going on with sony? >> yes, shares surged to an 18-month high hitting the highest level since 2015 and finishing 5% higher. sony said it expects $230 million in net profit for the current fiscal year ending in

march. that's an 80% plunge from the previous year largely due to a massive write down in its motion picture segment which has not had many hits lately. sony's semicon ducter business surged as the latest efest iphe their latest product in the apple iphone. though the forecast for the whole year still stood in the red, the loss was smaller than initially expected. the television segment has recovered to the point where it will log a profit again thanks to its high profitable 4k resolution tvs. games systems and smart phones are expected to grow in profit. sony has high hopes on its

virtual reality gaming console, which was released last autumn. that's all from the nikkei. back to you. >> makiko, thank you very much. first quarter ebit before special items for metro. they confirmed full year 2017 guidance. on the subject of de-merger, metro said it is confident about the split. the ceo of french oil giant total is set to post a full set of results. speaking to a radio station, he said his company's 12-month earnings would compare forgaavoy to those of other oil majors. and the eu is set to approve chemchina's $43 billion takeover of syngenta.

it's understood that conditional antitrust approval has been granted subject to chemchina making minor concessions to allay european concession worries. regulators expressed concern that the deal may lead to higher prices and fewer choices for farmers. the commission will announce formal approval next month, while the deal has already been approved by a u.s. national security panel. we are live on the show on twitter, @louisabojesen is my twitter handle. we have a segment coming up on iran and the broader trump policies being put in place. we'll talk about that in five minutes. we have to take a quick break. check out world markets live. it's our blog that runs throughout the european trading day. much more to come on "street signs."

hi everybody. good morning. if you're just joining us, welcome to "street signs." i'm louisa bojesen. these are your headlines. german chancellor telling cnbc that europe has its fate in its own hands as eu leaders gather for an informal summit in malta. financial regulation in the firing line. european banks getting a boost from the news that president trump is expected to sign an executive order to roll back dodd-frank and rescind the fiduciary rule. investors are eyeing the

non-farm payrolls data for the gauge on how the trump administration is impacting the u.s. economy. snapchat files to go public, but the social media company is warning that it may never achieve or maintain profitabilitiprofi profitability. good morning, everybody. welcome back. the data flow continues. we've had quite a bit of data out during the course of this week. glancing at the uk services pmi falling for the first time in four months. looking at a figure of 54.5, slightly lower from december's 56.2. quite a bit lower. the lowest level since 2016. it's also a bit lower than the poll put out by reuters, 55.8. the services pmi data, input

costs rising to 65 from 63.9 in december. the highest since march of 2011. looking at the composite pmi of 55.2. they're saying the uk services pmi shows the strongest business expectations since may of 2016. so net-net uk services pmi falling for the first time in four months. indications coming from mark carney, the governor of the bank of england that we could be looking at a slight uptick in growth and unemployment also continuing to fall. slightly optimistic tone from the bank of england yesterday. u.s. futures, we're super early still. but you have five hours to get ready for the u.s. market open. the implied open on the right hand side of the street, mixed markets. dow jones called 30 points higher. nasdaq not quite in the green. this off the back of some

uncertainty overnight in the asian markets with beijing unexpectedly hiking short-term rates. we thought we could look at negative trade in europe this morning. we saw that slightly, now trading higher across europe. let's include the fx markets into the mix. some dollar selling has been taking place. though we just reversed that a bit. sterling hitting a day low after that data hitting our wires. still early days in terms of the day trade. cable 124.95 at the moment. coming back to one of the main items mentioned, president trump is expected to sign an executive order rolling back in of the rules in the 2010 dodd-frank legislation, which was enacted by the obama administration after the financial crisis. this is according to a report from the "wall street journal." white house economic council director and former goldman sachs president, gary cohn, said the move would help to ease the burden on banks. and sticking with trump, the

trump administration has signaled that it may be shifting its policy on israel. this after releasing a statement saying that the constitution -- excuse me, the construction of israeli settlements in east jerusalem and the west bank may not be helpful in achieving peace in the region. on wednesday israel announced plans to construct a new settlement in the west bank which it occupies. settlements are considered illegal under international law. and president trump is expected to announce new sanctions against iran in response to the country's test fire of a medium-ranged ballistic missile. earlier michael flynn said that the u.s. was putting tehran on notice. iran has confirmed its test firing of the missile, but it states it wasn't in violation of the 2015 nuclear deal brokered under president obama. amir hajani is with us this

morning. it's been a really eventful week. a discouraging week for many. many people applauding what the u.s. is doing as well in terms of trying to maintain a safer united states. from the seat of the atlantic council, how do you see it? >> president trump's policies are wreathly anti-thetical to the united states. we're a nation of immigrants. the symbol of the united states is the statue of liberty, give me your weak and hungry, i'll give you shelter. he has in the span of two weeks upended u.s. influence in the world. he's trying to upend the security architecture of the last 70 years which the u.s. helped put into place and benefited from. it's what i consider a chaos presidency. >> why isn't it in the right of the u.s. to do what it feels it needs to do in order to protect

its borders? and glancing towards the foreign minister of the uae, indicating that the -- that trump's travel ban is not islam phobic, that it doesn't include broad based islamophobia. >> the president has the right to limit immigration, but the way this executive order was pushed through seemed haphazard. we didn't even have a dhs secretary, department of homeland security, we didn't have a secretary of state in place. it was done by the white house over the head of capitol hill and over the head of congress, over the head of the administration, the secretaries of those administrations that would need to look it over. it's been an unusual executive order in that it banned immigration from seven countries that never had a terrorist attack on u.s. soil.

not one citizen from those countries ever committed an attack on u.s. soil. countries that have committed terrorist attacks on u.s. soil were passed over. countries such as saudi arabia, such as lebanon, such as egypt. so it seems that the rational for such an executive order doesn't make sense. president trump came into office saying he will keep us safe but he's not looking at the root of the problem which is not immigration from these countries. we have 13,000 syrian refugees in the united states. that's 0.003% of the syrian refugee population. not one syrian refugee has committed a terrorist act in the united states. syria, in fact, has suffered so much from what has gone on in the world. and to target this group is very unamerican. >> what do you think the impact will be on business if i am to

follow your course of thinking, and that if this protectionist stance is not good for the u.s. what will the impact be for u.s. business? >> if you look at silicon valley. look at google. look at microsoft up in seattle. many of these companies now are led by immigrants. our i.t. industry, immigrants flock to the united states from iran, from india, from china. they are the backbone of the american technology sector. the h1b 1 visa keeps america's edge. it's a genius visa, it gives the best and brightest of the world, come here, we want to take you. when you undermine that, the basis of that it's going to have a dramatic effect on business. not now but over time. >> how is the work environment

changing stateside and how is the social fabric changing. you spend the majority of your time in the u.s. how is it feeding through an operati operating basis? >> donald trump while he won the electoral college, he didn't win the popular vote, he lost it by more than 3.5 million votes, so more than half the population didn't want him there. he has come into office with the low efest approval ratings, youe it in demonstration after demonstration by women, by immigrants in major cities. you'll start to see that have an effect on the u.s., on the u.s. market, if investors see that the stability, what binds the u.s. together, the political contract is fraying because you have a deeply unpopular administration, whose policies

run antithetical to a global world. >> isn't this still a democracy? this is the system, a u.s. system, we speak to many people here and a number of people say look, deal with it, get over it. he got elected, it's the democratic process. we have to respect it. there's nothing you can do about it and we still don't know what the outcome of a trump presidency will be in four years, eight years. we don't know. >> that is, we don't know. it's the united states version of democracy, it should be respected. however there's checks and balances in the united states. the president doesn't run roughshod over congress or the courts. once he passed the executive order, immediately within 4 hours a court within new york, a federal court in new york and massachusetts put a stay on the order. it caused a great deal of chaos at the airports. major airports had mass demonstrations. while you can campaign on certain rhetoric, but once you come to office and govern, you

need to govern by consensus. that means take into account the views of those in opposition, not running roughshod over them. that's what president trump is doing. he's branded himself as a disruptive president. but in actually what he's bringing forward is chaos into the american political system. >> i have to mention as well, not sure if you saw, but according to associated press, the house is voting to roll back an obama rule put in place for background checks for gun ownership. a certain part of this particular legislation, but essentially it means that it becomes easier for everybody, m mentally ill, non-mentally ill to obtain a weapon in the u.s. this side by side with more than 12,000 deaths that happen per year via gun shooting in the states, and zero deaths from

syrian refugees having been caused on u.s. soil. >> it's very odd. president trump has called for extreme vetting of syrian refugees. extreme vetting of immigrants from those seven countries. we have extreme vetting. the u.s. has extensive vetting. it takes two years to get a refugee into the united states. when it comes to guns, there's not only not extreme vetting, there's really no vetting. we have more people dying from gun violence since 2001 than ever died from an act of terrorism in the united states. by a factor of 50 or 100-1. it's rather shameful that he's decided to focus on this group of discrete and insular group who are coming to the united states not to get guns or hurt people but for a better life and fleeing war. those who want to hurt people with just buy a gun without any background check. >> amir, thank you very much.

thanks for coming in and talking to us. amir handjani. taking your comments to this conversation and others as well. find us on twitter, @louisabojesen, or find us on e-mail, streetsignseurope@cnbc.com. coming up on the show, mass excitement over america's most watched event. we'll hear more about the super bowl. that's coming up in a second.

. welcome back. no panic. we're still with you. "street signs" is what you're watching. it's friday. francois fillon's bid for the french presidency has plunged into further chaos after an old video interview was posted of his wife saying she had never been his assistant.

the conservative presidential candidate has come under pressure to quit the race following allegations that his wife was paid over 800,000 euros for a fake job as his parliamentary aide. according to the daily ifop poll, support for fillon dropped by 1%, he's now polling level with the seas with the candidate, emanuel macon. prime minister merkel is expected to urge countries to ramp up spending after donald trump's skepticism over nato. and donald dutusk will be calling for stronger unity among country after external threats. tusk will be navigating one of

the most tumultuous periods in the history of the eu. annette joins us from the summit in malta. if people are just joining us, what do we need to know for today? what's happening in malta. >> malta is the place where the eu leaders are currently sitting together an discussing their reaction to donald trump, also the refugee crisis, the migration crisis. but i think very high on top of the agenda is where do we stand here in europe with a new u.s. administration, who is clearly not focusing on further e ushu immigration, focusing on making europe stronger. donald trump was quite clear in sentences like who was going to leave next when britain was leaving the eurozone, and also he was saying about germany that europe is just the weak for

germany. so clearly he's not appreciative of the concept of europe. i had the chance of asking angela merkel when she was entering the conference today what she thinks about donald trump. what the response is to donald trump's rhetoric coming out of washington. take a listen to what she said. >> translator: europe has its fate in its own hand. i believe that the more we are clear, we define our role in the world, the better we can manage our transatlantic relations. that's why talking about europe is on top of the agenda for me and not talking about other parts of the world. >> donald tusk, the president of the european council, was a bit more outspoken in a letter sent to his peers. he was saying that united we stand, divided we fall, urging other european leaders to come up with a plausible idea of

europe. with that, back to you. >> annette, thank you very much. investors are expecting to see a solid jobs report when u.s. non-farms payrolls are released today. economists surveyed by dow jones, they're looking for around 175,000 new jobs being added in january, 174,000. that's up from 156,000 back in december. the unemployment rate of 4. % is expected to hold steady. alvin tind is with us. good morning. what do you expect? could we be pleasantly surprised? >> we are expecting 170,000 payrolls headline. the thing is the payrolls headline number has not been exciting for some time now. i think just as important if not more is the average hourly earnings figures. so the fed will clearly be looking at that closely. it's an indication of underlying inflation pressures in the

economy. the market will be paying attention to whether that measure continues an uptrend. >> you expect it to decrease? >> we expect it to hold well at 2.8% year on year. i think that the dollar will continue to be supported going forward. by the fact that u.s. market policy will be on a tightening path this year. >> even if the administration continues to talk about how a strong dollar is not beneficial for u.s. exports? >> yes. the administration has been attempting to jawbone the dollar down. if you look at the fundamental economic policies going forward, tightening monetary policy in the united states coupled with fiscal stimulus, that's a combination of policies that support a stronger currency, not

a weaker one. if you look at previous history of the dollar cycle, the dollar did not turn in 1985, nor in 2002 until u.s. interest rates had turned. as we are expecting u.s. interest rates to continue to move higher, we do not believe the dollar has yet turned. >> okay. so what are we looking for for levels? we're at 107.44. not long ago we were talking about parody for the euro/dollar. what should i factor in? >> we are expecting a retest of the euro/dollar cycle lows of 103, we have a forecast for euro/dollar at parody in the spring of this year as european political risks increase into the french elections. >> okay. i'm looking at what's taking place out of asia. beijing unexpectedly hiking short-term rates. we saw a bit of strengthening in the yen before. we saw the dollar rising on the

back of the yen on the bank of japan raising japanese bond yields. what's the play there? >> in china they are continuing on a gradual tightening measure, essential essentially. they're attempting to balance trying to restore some equilibrium in the economy by taking froth off the property market and investments, and as a result they will continue to tighten policy. but gradually. as for japan, what's happening recently is that the japanese bond yield has unexpectedly moved higher. because the boj had a policy of pegging the bond yield to zero percent, but it's been drifting higher recently, so that's supporting the yen to some extent. so today they came in in force

to push it back down. that helped dollar/yen regain some ground. >> i have some very good news for you. guess what? >> yes. >> it's friday. yes. >> good news? >> always. >> alvin tan, thank you very much. other good news for many of you, the new england patriots will be battling the atlanta falcons in super bowl li this sunday in houston, texas. super bowls make up 19 of the 20 most watched television events in u.s. history. a 30-second ad spot is expected to cost around $5 million. jay gray joins us from houston. jay, good to see you. who is going to win? >> well, my heart says atlanta. my head says the patriots. they always win. we are just outside the fan central area.

gates are closed. when they open, there will be thousands pouring through. more than 1 million through super bowl week. when you talk to the people who are running the show here in houston, the host committee, they say they really hope that this thing is a kickoff to bringing more business, more people to the houston area. they have invested local businesses, hundreds of millions of dollars here. and they believe that they have set the stage for houston to really draw not only national but international attention. and they hope really build on the business already here. should be a great weekend. a great game. who do you have? who do you think will win? >> my goodness. i'm really lucky the producer whispered in my ear that matt ryan will lead the falcons to victory. i'll go with what he says, jay. tom brady is playing his fifth

time? will he retire? >> yeah. you know what? if he wins this time, it will be his fifth super bowl. only one other player has done that. a lot of people are saying he could retirement he says he will play until he's 45. he has a few more years if that's the case. >> when young become old, old become young. jay, have a fantastic game. mate best man win. jay gray joining us live from houston. u.s. futures, what we're looking at 4 1/2 hours away from the market open. slightly mixed. interesting to read through your tweets and questions. keep them coming on twitter. if you want to continue the conversation, thank you very much for joining us this week. we'll see you again on monday. [ alarm clock beeping ]

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good morning. it's jobs friday. wall street will be laser focused on the key data point. we'll tell you why and talk expectations straight ahead. washington watch. ceos from some of the most influential firms will sit down with president trump this morning, this as trump reportedly plans to sign an executive action to start undoing dodd-frank. and a snap decision. the disappearing messaging app unveils plans for a $3 billion ipo. it's friday february 3, 2017. "worldwide exchange" begins right now. ♪