hello and welcome to "street signs. i'm carolyn ross. >> and i'm joanna. coalition chaos and the ftp abandons talks with lang merkel's conservatives and the green party. the dax is lower. >> a defined robert mugabe refuses to resign as president and his former party vows to impeach him. a positive trial outcome puts roche in the green as the new lung therapy drug is seen as

making a difference. rwe go up at the beginning they're inking a deal with italy's enel. welcome to the show. it is a brand-new start to a trading week. >> a lot going on today. >> what a busy morning we have going on the euro has turned positive afterdipping to a two-month lo versus the yen the ftp made a surprise move to pull out of the weeks' long talks with chancellor angela merkel's conservatives and the greens citing a lack of common ground merkel expressed her disappointment but vowed to keep disruption at a minimum for germans. >> this is part of the coalition when partners have to meet each other. you have to overcome long

distances, therefore, i regret with all respect to the fte that we couldn't find a common solution. >> the ftp leader explained why his party left the bargaining table. >> we won't leave our voters in the lurch by going ahead with a form of politics about the heart of which we are not convinced. it is better not to govern than to govern wrongly. >> let's get out to annette who's been covering the story all morning in frankfurt you're seeing a lot of long, tired faces in berlin after the collapse of those talks. my question to you is where do we head next this is unchartered territory. >> reporter: yes, carolyn. that's a first since the second world war that an election in germany does not yield a government and that we are potentially moving towards snap elections, new elections in germany. that's not a given, i have to say. there are two candidates now

after those explanatory talks as they call it here in germany failed one possibility is that angela merkel will stay at the helm of the government but will form a minority government. we have it quite successfully in place in other european countries. she's known not to be a fan of that alternative, but given the difficult situation. that might be one option she's considering. the other option is go nuclear dissolve the party and have new elections. the president was urging everybody yesterday in an interview to be sensible to find a common solution in order to prevent new elections because he and also many others in berlin are praying that this new election could actually yield an even bigger share for the

populus party for germany and could also mean that there's even more instability in germany. so what happens next it's a good question there will be a telephone conference inside the cdu governing board but we don't know when exactly. it's also closed to the press as telephone conferences normally are. there will also be talks between angela merkel and germany's president. the two are just seen in those pictures talks will then actually set the tone and also will hopefully enlighten us what the next steps will be for the next week and perhaps even weeks ahead because probably a solution which will come about this week or next week is probably very unlikely

r. back to you. >> what i find absolutely mind boggling is that it seems that party politics and personal pride come before being part of the government why would mr. lisbon now give up that chance. why would the ftp come back and say we don't want to form this grand coalition. they all have a chance of being part of the government what is this about is it personal pride what do you think? >> reporter: well, it's personal pride. when we talk about the social democrats, they had a very bad experience to be in a grand coalition with lang merkel, at least that's what they think it's actually a net positive for them they did a very bad job in marketing themselves the general understanding is among them and inside the party

just the sheer coalition with angela merkel's party has weakened them. that's a different thing the ftp is very different. they are very proud, very full of themselves to put it directly because they think they even could have won in a snap election that's the rule in berlin. at the same time, some people are also arguing that they shouldn't sense themselves too much they're willing for their slightly conservative repeal stance when it comes to other rescue packagers in the rescue zone they got voted for that and they shouldn't do too much. i essentially agree with you there. it's about personal pride and party pride.

it's not too much above the big aim to have a stable government in space. >> for the german people annette, thank you so much for that analysis. let's talk more about this with the global head of foreign exchange strategy. this morning we saw the euro at a two-month low. let's have a look at the euro dollar it's unchanged on the day, 11796. why haven't we seen a bigger change i thought germany was the beacon of stability of the eurozone >> if i wasn't humble i would say it's because of our research you said it's a euro buying opportunity. the reason why people are taking the yield, you have to think about probabilities and at the coalition talks they are progressing the probability that they would be successful or that you would see them falling apart which would lead to uncertainty.

to make the coalition talks having been successful, they were asking the very high likelihood of the ftp which is euro hawkish to occupy the finance ministry obviously that's the risk so there's no more than the case of the minority government of the cdu where it would obviously continue to have this job as the finance minister and secondly you have to then think about what is then happening to the political block certainty in germany. so the green party has made an experiment the experiment was to move towards the center and this obviously failed there was no conclusion or no common ground. and then what i guess many people were overlooking this morning is when lindtner, why the coalition talks failed, they

were measuring the difficulties to line up so there was an agreement more or less, written agreement, participating agreement that the initial coalition partner works with the ftc. now they move away from them is the ftp saying we're not aligned to the conservatives that alliance to getting something left of center when you have something left of center you think what does it mean for the euro? this is about potential debt neutralization this is about increasing the base at which you're developing institutions so that would be the very positive. and then of course in between you still have the potential of an election result which could mean you paralyze the situation. again, when you look at the previous situation, the previous situation was, okay, you failed

or you have this jamaica coalition was linked to the finance minister you compare it to the other alternatives they come up with from a probability point of view, no the a bad outcome. >> can i ask you about the risk premium? given how much uncertainty there is, a lot of noise, on the euro side of the equation and dollar side of the equation if you look at trading at a six handle, it was like an 11 towards the end of that year is that going to give up >> you're looking at implied volatility point number one is if you look at risk or linked to a very specific situation or alternatively linked to global liquidity conditions we see global liquidity are just superb you have a couple of central banks adding to their balance sheet and most importantly american commercial banks are pushing to higher yielding

we asked about 100 billion of excess capital in banks. you say ten to 15 times. that means 1 poi 1 to 1.5. it's a heroic assessment. >> what does this do to the growth story we saw the gdp, they blew it out of the water 0.8% that comes to the exploratory talks. i would see it as politics didn't have an impact on german growth >> actually, sometimes you have to say it depends. when you are in an environment where you urgently need to reform, when the economy is down to its knees and you need to have leadership, when things are good, when things are progressing leadership is not so important. so we have seen last week when

euro dollar wastrading at 116 handle what turned it around was the talk about germany overheating you can see the tendencies that the economy is operating above its optimum capacity within that environment you see more of fti. you see more and that actually means that the debt flow is becoming less important. and with that the 200 basis point differential between the u.s. and euro becomes less important. >> hans, unfortunately we have to leave it here thank you for your insight appreciate it. still coming up on the show, fox on the prowl we'll be discussing the latest media and mna speculation after the short break. n'goway.

welcome back to the show, everyone let's see how things are opening up the nikkei down about .5%. some concerns about our big story vis-a-vis the german

coalition talks breaking down. the first hour of trading, we did move up a little bit and things have recovered a tad. the stock stoxx is up .1%. let's look at individual country indices just to see how things will look across the spectrum. foots see 100 down here .26% still below that level it's a very big week this week we will hear from mr. hammond and there's lots more going on at the brexit negotiations with some talk that theresa may may be willing to up the amount to pay for the final divorce bill to the tune of 40 million. looking at individual sectors, media up .7% out of roche, there were some

developments with the lung cancer testing basic resources and testing fill the laggards here. let's putthis all into perspective here we have a bit of an earthquake coming from germany but it doesn't seem to be ending that rally, the year-end rally that we've seen so far this yeefrmt german equities up 14% do you think it will stall it? >> no, i don't think it will stall it obviously it's a little bit of a surprise because germany is known as a place of political stability and coalitions are a way of life, but as your previous speaker said, it doesn't derail the german economy. germany is on a good path. if you remember spain in 2016 didn't have government for almost a year but its economic recovery was in play by the end of 2016 it was one of the fastest growing european economies. so it doesn't derail it. >> what does that mean then?

do you still buy into equities now or are you more cautious not just because of the german coalition talks collapsing or maybe because we don't know when tax reform is going to be passed by year end or simply because we want to take profits because it's been a spectacular year profits have been so easy to come by. >> it has been a spectacular year we put that in context by the fact that we have synchronized global growth. we've had good macro economic as well as earnings fundamentals. earnings are growing now within this context it's supportive of equities we are biased towards equities if the big question is is there going to be big u.s. recovery, we don't see that certainly not in the next 18 months to two years. >> can i ask you how you're speaking about the u.k. as a play here. the ftse has been a big focus of yours. of course, there's so much big political uncertainty.

we have the budget coming up on thursday is there anything specifically that you're looking for in this budget that can determine the trajectory that will determine equities from here or is it a non-event as far as the political back drop is concerned? >> i'll take the budget question first. i don't think there are going to be extravagance si in the budget the office of budget responsibility has says they are going to lower the economic forecast in light of the brexit uncertainties as you pointed out. there's a little bit of wiggle room obviously he'll do the things that have been 234rflagged. there will be initiatives for home buyers and the public sector wage cap. those things he can fund with model revenue raises obviously there's temptation to go down the route that we've seen in the u.s., fiscal expansion. i think the chancellor can only do that if he fudges his fiscal rules a little bit and a little bit grayer on the definitions

and that's been done in the past gordon brown, for example. what does it mean for u.k. equities as we know, the ftse 100 is largely an international index 2/3 of the revenues come from over seas so i would say that the more important thing for u.k. equities is the global economy, not the u.k. economy, although obviously that is important, too so the point i was making before, we have synchronized global growth. so if you look at the positioning surveys everywhere, everybody hates u.k. equities. everybody is maximum under weight u.k. equities what i am going to say is we have synchronized global growth. we have currency that is cheap so as a con temporary ran view i would say don't short the u.k. long term. >> and so clearly that's a function of the currency so if the currency does for whatever reena preesh yat, tax

reform doesn't get passed, we see a big leg down, it spikes, does that change your assessment >> we think that sterling is cheap. it's cheap on the exchange rate. i know that the reversion can take a long time i think you need to see a decent brexit deal on the table before you can see significant appreciation of sterling and we've got the e.u. council talks in a few weeks where mrs. may will really have to table something that is workable for the european union and by all accounts it looks like she's going to pull it out of the bag we're going to get a financial settlement and it will take us to the next stage. >> to be honest, i'm not sure that's going to happen now because the german coalition talks have collapsed would germany have to show a united front going into the e.u. council meeting even if theresa may ups her financial bid? >> it might have some impact on

european negotiations with regards to brexit. i don't think it leaves europe rudderless in terms of the likely impact with the leadership of europe will shift. >> that's his big chance, maybe. thank you so much for your time. appreciate it. now let's get back to some corporate news roche has announced some positive news. the drug was found to be effective against lung cancer. hemophilia drug also proved to slow the risk of treated bleeds. and altice had a turbulent week. they posted weak third quarter results. it faces concerns it may need to raise cash after a series of acquisitions pumped up the company's net debt to more than five times its annual core

offering profit shares up more than 10% this morning. >> wow i think they were down by 13% two days last week >> let's talk a little bit about the media sector it's awash with mna speculation. ad revenues put pressure on traditional business models. in the latest deal news comcast has expressed an interest in acquiring a number of 21 fox's key assets fox is a parent company of this. there are also reports that 21st century talks had been holding sale talks with disney verizon is also supposed to be interested we have the managing director of research cyrus, thank you for joining us. there's so much going on in the media. it seems as though consolidation is the theme du jour are we going to see more consolidation? >> i think we will it's good to look at it from the sellers and buyers angle the background is a big tech theme is called internet tv, net

streaming or what netflix is doing. it's driving up the prices of film and tv content. the film studios should do well but tv networking should do badly. in terms of the sellers, are these sellers which are people like disney -- sorry, people like time warner, fox, possibly disney, are they selling from a position of strength or weakness we would say long term they're strong because their content is some of the best in the world. in the short term, medium term they're weak this internet tv thing is going to mean profit warnings on the tv business. you look at it from the buyer side, you have telephone companies like at&t and verizon who want to retain customers who want to give them more than telephones you have the tech companies like amazon and apple they want people to use their internet tv and then you want the content tv companies who need to get stronger. >> you're also seeing players like verizon get involved in the

conversation as well. >> yes. >> traditionally it's media companies. now you're seeing media companies. >> yes. >> what does that mean for the future of the media companies? is everything going to be a technology center? >> well, you know, thematically the studies, we've seen what's happened to media industries before 2000 netflix came along and tackled the media. the reported music industry. the same thing happened to print media a few years ago. now many media analysts are looking at stocks like time warner, disney, fox and saying they had the best concept in the world. the print media had the best content in the world indeed they do we think this is the beginning of a downturn in tv and film media. >> i think one of the big headlines would be potentially the regulatory landscape we heard in this country, for example, the regulator has some

reservations about the 2 1st century fox deal that was in the news last week so how much of an issue do you think that will be for the consolidation in terms of the regulators don't want one media company to have too much control of the sector. >> i think that's the biggest uncertain uncertainty. the tech theme into tv is a big uncertainty. that's going to damage tv revenues regulation is a big uncertainty. we don't know what president trump's regulators are going to do or the u.k. regulators. >> finally, who do you think will win this? do you think it will be disney do you think it will be verizon? very unsuspecting suitor who do you think will win it or do you think it will fall apart? >> well, on the content side we have clear view. in the long term disney, fox, time warner will win if you're an investor we think the share prices will fall

because this theme of internet tv is imminent. >> cyrus, as always, thank you managing director at cm research still coming up on the show, robert mugabe defies expectations after failing to resign we're live with the critical crisis in zimbabwe after the break. don't go away. most american homeowners would be shocked if they knew just how rich they were. the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home. with a home equity loan, you can pull cash out of your house for anything you need- home improvement, college tuition, even finally getting out of credit card debt. come to lendingtree.com to shop and compare home equity loans right now. because at lendingtree, when banks compete, you win.

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welcome back to "street signs. i'm joanna. >> and i'm carolyn ross. the ftp abandons talks with chancellor angela merkel's party. they sent the dax lower. new questions about the future of zimbabwe as a defiant robert mugabe shocks a nation by refusing to resign as a president even as the deadline to step down is minutes away. dialing higher

l.t. shares surge after the french telecom company dismisses talks it's planning a capital hike. rwe shares puff at the open. the german utility talks about flashing a deal and inking a deal with italy's m.l. now what a start to the week obviously we're seeing some things happening in the asian trading session. we have rebounded given that it seems that the euro is brushing off the last of the german coalition talks. let's see how u.s. futures are responding to this we're seeing a negative vibe the nasdaq is expected to open lower to the tune of 13 points this is after wall street marked the second straight week of declines for the s&p and the dow. we have been on this two-month long stretch gains so maybe a little bit of profit taking after all of this. when it comes to the european

markets, no surprise some caution here especially on the german dax after the collapse of what they call exploratory talks. down by 0.1% we were down by more and to be honest, the dax and the euro have recovered quite a bit i want to talk about the euro and show you where we are. just about ten minutes ago we saw the 118 handle there you go we're just below that level now. 11795 so very, very resilient to all the political worries going on in germany. also want to tell you that pound sterling whose dollar is changing hands at 13258. up 1/3 of a percent. it's going to be quieter compared to the dollar given the thanksgiving week. now let's get back to one of our other top stories. zimbabwe's political future is murky after president robert mugabe failed to announce his resignation as was widely

expected in a rambling television address mugabe made no mention of stepping down after his ruling party sacked him instead, he made it clear he intends to stay on. >> in a few weeks from now i will preside over the processe which must not be prepossessed by any acts calculated to undermine it or to compromise the outcomes in the eyes of the public. >> let's head down to chris bishop who's standing by in johannes mehsabur johannesburg you were completely baffled by his resistance to step down. we have not long until that deadline at noon at south african time actually passes, what happens after that?

>> reporter: well, we've got 26 minutes to go until the deadline it could be a very historic 26 minutes, indeed, in the history of zimbabwe. that's the deadline that's been given to him by the military authorities. if he doesn't resign in the next 26 minutes, then he's going to be impeached what that will mean is that the mps will have to go away, they'll have to write down exactly what they're going to impeach him for in detail. they're going to have to put it all on paper and then they're going to have to submit it to parliament then parliament will have to gather for an impeachment debate all of this process is going to ache time on to impeach him t. will take 2/3 majority to push him out legally and constitutionally apparently they've easily got the numbers in parliament. it will all take a long time one thing about president

mugabe, ihe's very clever in playing the numbers. the longer it goes on the more likely he may escape and also he might get a better deal for himself and his family which would mean immunity from prosecution and being set up for the rest of his life. >> let's assume that mugabe will actually be impeached and that the power is being transferred to the former vice president who has been in exile in south africa, he's nobody as the crocodile. what would actually change would it just be power being transferred from one dictator to the next >> reporter: well, that's the big question million dollar question in zimbabwe in a moment emerson is cut from the same cloth as president mugabe. they grie up together. they fought in the same school he's very much old school.

the whole country is caught up in the madness and euphoria. there's a big protest going on at the university of zimbabwe where the students are demanding that the university take back the honorary degree they bestowed on grace mugabe, president mugabe's wife. i think he's very much of the same who he brings around him might be a slightly different story. bring in the nbc leader in if they bring in other key strategic and pragmatic people into government who are willing to open up to miss or willing to goat their house in order, i think it may be a different story. put it this way, growth has collapsed in the last 20 years in zimbabwe. it's going to be a really tough job to try to turn the economy around, rebuild it and get it growing, reharness those great resources the country has, including agriculture. zimbabwe used to be the bread

basket of africa now they're importing. it's going to be a very difficult job. one thing most zimbabweans are celebrating, it may be more of the same >> chris, thank you so much for that incite. 23 minutes to go until the deadline passes. lebanese leader will make his way to cairo for a meeting with the president hariri announced a surprise resignation as president of riya riyadh his long stay prompted speculation he was being held captive. he says he will return to beirut by wednesday for independence day celebrations but he says he will explain his idea in a great deal. the arab league held an

emergency meeting over the weekend. they called for a united front against iran which accuses them of interfering of asia fairs in a statement following the meeting members accused the shiite group of supporting terrorism and extremist groups now the chief investment officer of fixed income joins us dino, good morning to you. >> hi, how are you today >> good. dino, i want to touch on the arab league comments we got over the weekend. clearly the rhetoric against iran has gone up a level as an investor in the region, how concerned are you about some of the geopolitical tensions that we're seeing? >> so it's definitely a cause for a concern. i would say the geopolitical concern is foremost on

investor's minds as you clearly say, tensions have been rising this is in a part of the world that has had a very long history in dealing with difficulty of politics but while that is the case, you know, i also get the feeling that what the arab league and what the saudis are trying to do and the rest of the region is trying to kind of re-establish some sort of a grand bargain that would limit the influence of iran. it's screaming for the international community to come and broker that kind of a grand bargain so that really we could end be up in a situation where both the iranians and the arab world led by the saudis these days can co-exist ideally in a more peaceful environment. >> just looking at the market price activity, i was looking at

saudi bonds yesterday. 30 year saudi bonds are still trading at par we did see a bit of a selloff in fixed income are people not concerned about some of the domestic affairs that is happening in saudi arabia vis-a-vis the crackdown on corruption and some of the other instability that's been in the news >> well, that's a great question because to be honest with you, the gree owe politics has been obviously intense, there's a benefit that's been happening domestically it's been more or less extremely positive, especially when it comes to the bond markets. at franklin templeton, we've been in this region for over 20 years. we've done a lot of research all of that highlights a couple of key things. the first of which is that gcc bonds as an asset class tend to do very well even when you have the geopolitical disturbances. it's an asset that's generally

overlooked by many people and i think the developments that we've been seeing happening today are unprecedented. all of these issues you're referring to, political purge, allowing women to drive, the opening up to the world, all of that is being, i think, very well received by the market. and it's reinforcing or giving credibility to the reform agenda while the politics have been negative, the reform agenda has been negative. oil prices or the opec meetings that they have negotiated have been helping the physical tee manned -- the physical market balance and raising actions. while you had the arab league making the announcement, standard & poor's confirmed or reaffirmed saudi's rating as aaa plus so those are the things that i think matter more to the bond market in that respect, i think we have

more positive news than we have negative despite the headlines. >> just a quick one for me hi, this is carolyn in the studio as well you mentioned them also the importance of the saudi aramco deal do you think for the time being given what's happening between saudi and you will see the g geopolitical risk premium stay in the markets >> yes that's the thing about the financial markets. they always price in a lot of the bad news, the geo politics, headline news, isis, volatility of oil prices but the facts on the ground are that people tend to -- are under invested they miss the potential up side. the bond markets have a history of very strong risk adjusted returns. in fact, much lower volatility despite the persistence of the geopolitical headlines.

>> we have to leave it here but thank you so much for your time. dino kronfol from franklin templeton investments. eight of the world's biggest banks are reportedly prepared to settle with brussels over the fact that they formed a cartel they're all hoping to reach terms with the european commission which would end a four year probe into accusations they colluded to rake the 5.3 billion global foreign exchange market and european officials are set to vote on the new location for the headquarters of the european medicines agency and the european banking authority multiple cities hope to host it. athens, milan, and a.m.ster dan are some of the cities they'll decide where the european banking authority will relocate

cities that could get the eba are franklin, dublin they say the european medicines agency, they would rather quit than move to any of these cities that is quite a statement. these cities are not all that bad. >> madrid? >> the food. >> i know. totally. speaking of brexit, the brexit divorce bill is expected to be top of the agenda when u.k. prime minister theresa may chairs a cabinet meeting there's speculation they could be preparing to toss out its divorce offer. the u.k. chancellor is expected to set up plans to tackle brittain's housing crisis when he delivers his autumn budget later this week. information leaked to the media says he's going to increase the government's home building targets. in an interview with the bbc, the chancellor confirmed that

it's among the conservative government's top priorities. >> it's not acceptable to us that so many fewer young brittains are able to own a home now than just 10 or 15 years ago. it is not acceptable to us that there are not enough properties available to rent and the rents are sky high the answer is we have to build more homes >> now let's cross the atlantic. donald trump was willing to ditch his attack on obamacare but only if it means getting his tax bill passed. more on the great tax debate coming up in this show some air fresheners are so overwhelming, they can...

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white house budget director mick mull van any said president trump is going to get rid of obamacare if he gets the tax care bill. many started to voice concerns about whether the bill could actually pass. and speaking to cnbc on friday, u.s. treasury secretary steve mnuchin said the house bill passage is a key first step. >> that's a great move forward we're going to have the senate as soon as they get back from

thanksgiving vote on the bill and our expectation it would go to conference right away and there's every reason to think we'll get it to the president's desk before christmas for him to sign >> alibaba plans to acquire a near $3 billion stake in china's largest marketer sun art retail. they're targeting china's food sector as a wider push into bricks and mortar. shares of sun art have fallen on the news speaking with emily, she told cnbc exclusively about the catalyst for that deal. >> it was clear to me and the management of sun art that in a few years the expectation and behavior of the dmies consumer shift mainly due to the surge of mobile internet, smartphone, so on it was very important. we all knew that brick and

mortar store, but we still have a lot to accomplish in digital and it's a key strategy to find a strong partner in digital. alibaba is clearly a strong digital partner. >> was it more about revolutionizing your service and your retail in china or was it more about reaping further growth through that process? >> we are really have to reinvent, reclaim and reshape customer experience so we are really focusing on customer experience what digital can bring as far as customer experience. how we will manage to set up new customer journey thanks to this partnership. >> and an increasing number of tech companies are taking on big pharmaceutical firms entering the health care market apple is reportedly developing an intelligence sensor for measuring blood glucose while

google is measuring medicine another company that's going to work on this is a company working on the dna kit. >> very simple all you need to do is go to the website, place an order on the website. what you get is a kit delivered to your doorstep which contains a special container where you have to literally spit inside and seal it and send it back to the lab. so the way it works is that whether we will extract the dna from the saliva and leave it at that and personalized recommendations and risk assessments back to you so that you have it and you can go on further. >> dna sequencing used to be prohibitively expensive and that's why no one did it now it seems it's reached the mass markets, 23 mainly west and now you've launched in the u.k what's driving the trends? people wanting to find out about potential risks they're facing when it comes to their health.

>> there are drivers i would probably point out the technology first so then it costs around $3 billion to see the first human genome in 2003 today for the whole genome it's around $1,000. the price has dropped quickly. the fourth is consumer attention. as we move along with the new tech coming into the health care, people are really, really interested to learn more about their health how do you train what kind of vegetables are good for you specifically we all know eating vegetables are good and which ones are the best that's the answer personalized medicine is looking for. >> how big to expect the genome market to be in the next couple of years is there a lot of growth potential there? >> it is expected to grow to 8 billion pounds worldwide. >> 8 billion >> 8 billion pounds in the next three years with average growth of 30% and the u.k. market is now -- is

now considered to be around 10% of the global market >> and what do you think the interest is spurred by is it because people are like more sick than they were in the past is it because people are becoming more health conscious it could be just technology. >> it's both i would say i mean, people are really -- if you look at the u.k. specifically, it's such a great market for this because people are really into healthy lifestyle, doing sports, eating healthy food it works as a great driver, incover what's hissen. there is no way to figure it out. for example, an inherited disease passed on to your children, there's no other way to figure that out besides getting your dna test done so i think that combination of these factors and the dropping price, of course, that's whey primed the market really fast. >> i don't want to get too

philosophical but we've had a discussion off camera do we do it, do we not. in a way there's too much knowing about your body, about your health. you get scared you're not going to lead a careless or care free life anymore. do you see that point as well? do you realize that maybe we're delivering too much information for patients here? >> our position on that is knowledge is the power actually and when you know you have a certain disease or some areas in your health that you can really focus on, we think that that gives you power to work on that because the good news is that dna's not your destiny even if you have some certain disease risk based on your dna results, that does not mean necessarily you'll get the disease. there's a lot of things in terms of your lifestyle and wellness that can affect the same risk for the disease. knowing them will focus on those areas.

>> all right let's take you back to the markets and i should tell you that we're seeing some risk aversion creeping into the markets. especially the asian trading system and the european session today. why? the main reason being the collapse of the coalition talks in germany or as they call them the exploratory talks. the german dax is off by 0.2% off the session lows and did recover quite a bit a little bit before the ftse 100 off by a quarter of 1% the cac 40 is off. seems like a very uncertain future for german politics given that either we could be looking at fresh elections, i which probably would yield the same outcome as before, or we're looking at a minority government and to what extent they can pass reforms, that would be very uncertain as well. i'll show you what u.s. futures are up to at this point. seeing a bit of a negative theme. s&p off by 4 points. s&p 500 set to fall 5 points two weeks of losses for wall

street. >> let's take a look at fx all eyes on the eurozone we did drop half a percentage in overnight trading. we're back up to the key 118 level. the surprising performance is sterling/dollar almost up .5%. real strength over there we're seeing that and the ftse under performance as far as the index is concerned still holding around that 112 level. >> it's a bit weak for the pound sterling, isn't it you're covering the budget >> yes. >> do you think it will be a big mover? >> we can discuss that tomorrow. >> i'm carolyn ross. >> and i'm joanna. "worldwide exchange" is up next. stay with us. >> bye-bye my friend susie cracks me up. but one laugh,

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will the feds roll will the bulls bounce back on the two week losing streak since august developing story europe's largest economy in doubt after talks break down. but let's make a deal. marvell technology is reportedly ready to announce a $6 billion acquisition today. it's monday, november 20th, 2017 "worldwide exchange" begins right now. good morning and a very war