♪ welcome to "street signs" i'm joumanna bercetche and these are your headlines european stocks rally in early trade, raising from last week. the triple digit gains as imf director christine lagarde said the wild markets are not worrying her >> it's in our view, a welcome kregz. and we have observed suddenly that despite volatility, the market channels and mechanisms have worked well

heineken's four-year earnings, but the dutch brewer forecasts a lower marketing ahead impacting the environment. what we're striving for is around 25 business points extension due to residual due to the fact of major integration in brazil at midyear. and the shares on the rise in one of the largest pension funds are teaming up in a potential 10 billion euro lid for a specialty chemicals unit and president donald trump prepares to unveil his $200 billion infrastructure plan relying on local government to rely on the heavy lifting. good morning, everyone and happy monday, we'll probably

have to pull you away from the winter olympics to see how the markets are doing, i had to do that myself. the picture is one of green. as you can see, everything is looking a lot more positive compared to the moves overnight. overnight trading closed for the session, but the other indices were spiking and what that has meant, stoxx 600 opening up very strongly, about one hour, trading up 1.6%. let's look at the european markets. ftse interestingly up 1.4% finally having a good day after some of the hawkishness from the bank of england last week. of course, this week is going to be crucial in terms of the brexit discussion. and there will be a speech and all eyes will be on the political backdrop as well you can see the pictures for the other european indices are

positive the backdrop up almost 2%. this after ms. merkel, given the final for the s&p. everything is looking a lot more positive and you can see that every single sector is in the green this morning basically, ftse leading the charge up 3% chemicals will having a good day. all of the cyclical sectors of ones meeting the gains food and beverage, media very positive day for europe and i'm sure it's going to be a positive day for the u.s. as well and now let's switch to the ten-year yields and see how yield currents are playing up this morning i went to draw your attention to the fact that the ten-year note recently this morning hit 290.

and that is the highest level it's been in a couple years. actually since this whole kickoff. given the gyrations last week, a lot of people were watching on the side it was interesting with the stock. and we're breaking that ten-year yield and stocks are higher. given how much voluatileation there has been, it hit a high of 41 on friday, given how much the bell did travel on that day. that was the highest level since last tuesday when it hit 50 as well i should point out that the dow -- well, for the whole week last week traveled about 22,000 points in total, up and down, up and down no surprise really that the vix was so volatile. and just i want to point your attention, we have got some

headlines coming out from puma and earnings, obviously, we're in the middle of the earnings season they have announced a longtime partnership with the italian soccer team ac milamilan. it's one of the headlines i'm read up 8.6% to 1.4 billion the bottom line, a lower consensus of 1.06. and they also expect it to rise to 245 million from 2017 it's out there but you can see the stock hasn't really reacted yet but looked like the numbers are positive for puma this morning. imf chief christine lagarde

and hadley joins us now. what did miss la guard have to say about the recent market moves? >> reporter: well, joumanna, she had a lot to say, she spoke on bitcoin and what's happening particularly in the region she did talk about volatility. it's interesting to note she had a positive spin. let's take a listen. >> there has been a lot in the market one way day to another. from the valuation of a week ago, there's been a market correction frankly given where asset prices were very high, it's in our view, a welcome correction and we have observed suddenly despite volatility, the market channels and pipes and mechanisms have worked well. and we also see that the financing is still plenty. and very much available for the financing of the economy

so, you know, corrections happen they were due to happen and that's where we see it >> reporter: talk to me about this region. we've seen it down around 60 and lower. there are questions whether or not this government are going to implement the reforms and the imf says are necessary to diversify their economies. are you concerned at all >> you know, these countries have gone through a massive transition those exporting oil have seen a big drop in the growth rates, particularly out of dubai. but those economies have to transition from an oil-fed economy to a more diversified, more inclusive and reformed economy. where the private sectors are going to have to provide jobs in the countries, provided, of course, that the circumstances are friendly for them.

and where the response cannot be about there will be more public sector jobs. because the fiscal position of those governments will simply not allow that response which was, you know, traditional, in the past so, the economic models, some country, a little bit ahead of the game others are working on reforms but certainly, we'll be seeing different countries in a few years' time, given where the price is >> reporter: so, no doom and gloom there from christine lagarde from the volatility in the markets basically saying it's a necessary correction but in terms of what she's saying about the oil-producing countries and hoping to continue the reform that we've seen over the last couple of years, particularly in saudi arabia and in uae, she seemed encouraged by what's happening in tunisia and jordan lots of questions remain as far as the technological innovations that we've seen.

joumanna >> thank you for that, hadley. it does appear she has a slightly more upbeat analysis to the rest out there head to cnbc.com for more why christine lagarde sees the market correction as a, quote, welcome event, i'd like to bring in jimmy comey let's take a look at what christine lagarde said that it was a welcome correction even if it's welcome, do you think it's healthy at this point? >> and pretty much it was how they were positioned but certainly to a degree it's ca cathart cathartic. and the positioning of the u.s and the high euphoria, everything is being a little

extended, it's good for the market in so much as it gives people waiting to get in that the market is berated. it's not it's had an impact on earnings, but from that respect there's a little more value. >> and just the point about earnings, we're about halfway through the earnings season in europe most of the earnings have been positive are there any segments of the market that you're surprised with the upside here with a good finance opportunity? >> you look we're about 65% through. and we've got earnings upgrades of 16% that's on the back of a very impressive 2017. financials in particular have been reporting strong earnings the i think the recent move was a correlation. everything got taken down. and all of the stakeholders, bond market linked are also

setting up but when you look at the speed and ferocity of the correction, it's not macro driven in terms where the data is coming from. if anything, those kind of earnings, it's a slightly more tepid macro day to day forward just to take a little pressure off the fed. i don't think they want to see power split in the party but to your point, earnings have been excellent across the board in europe. not perhaps quite as strong. but very much a show me market in terms we're not going to go off until the earnings really do start to deliver but the economic data, very convinced about those earnings >> let's talk about finance. it seems one of the consensus of this year, the high financials because of the high interest rates as well.

if you're investing in finances, is it solely a yield play at this point >> no, i think if you take a step back, you have to differentiate between u.s. and europe u.s. has got different ones in form of regulation in the sense of the new administration's approach to derussian, which isn't necessarily the same -- doesn't carry the same benefit necessarily in europe. and there is a valuation aspect to it, which, you know in europe, if you look at banks on a dif vend basis, they still come out very favorably. when you look that the versus credit trades like 100 over. you know, there's not too much on it, even from that extent, so i think there's more to it than just what do i buy when it is

going up but that has been for the last ten years one the main drivers here >> let's talk about the elephant in the room. italian elections coming up in a month's time, do you think there is enough for the italians here? >> no, actually don't. what's interesting the market got really good at stress-testing things. it's stress-tested political crisises and so on and then that kind of moves on and it seems that the worst can't happen i think in this instance, our base case, you know, what has been revealed in last week is the fragility of the market. so i would want to attach a little more risk premium to it and strip out what that looks like because of all of the volatility that's occurred in the last few sessions. but going into the end of january, there was very little into this, which you can see

that even in the bct space where it's been very solid even in the last week. >> so, what is the plan? are you taking a view on ftse or choosing specific banks and blue chip means in the italian sector how are you guys willing to play it >> at the time, it was more curved with the forward volatility over the event and the spread of the vix. but a lot has changed since then, obviously. and now, it's picking through some of the wreckage of the volatility, it would be hard to point a finger at one particular event in march now because that entire point is so destructive and we flag that italian year as something that's underpriced

versus the rest in the sector which we think are not given enough credit. >> okay. we will talk a little more about volatility in the next segmense. it's up to you, the viewer viewers, @streetsignscncb. you can tweet me directly. it's time for about akzo nobilebutton we find out after the break. thes pulled out from the water, it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify

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welcome back to "street signs. some of our top stories this morning. heineken has opened lower after saying its operating margins will increase at a slow pace this year. up 14 basis points from 2017 to 2018 and now expects that figure to increase by only 25 basis points this year. the dutch agreeing lower

volatility for the guidance. operating costs before were just about in line with forecast of 3.6 billion euros. we spoke with the ceo about the impact on inflation. >> if you look at raw material, yes, we're seeing more inflation than the previous years. which is also why you have to take the benefit of your global stain. and we do hedging and we also postponed the eck ffect of inflation. we're putting a hedge next year on global material and then the inflation of personal care of costs personal costs are about, i would say, about 30% of our total revenue. but probably less, again, than other industries but still, that inflation will have to mitigate it. >> but the pension fund pggm as

apollo set to make a bid for the akzonobel unit earlier, pggm attempted two takeovers of akzo, leading to the decision to spin off its chemical unit. and more corporate news, emirates struck a deal with airbus to buy 36 a380 aircraft for $60 billion. it was originally announced as a positional basis in january but now has confirmed it will buy 2020 clariant shares have started higher after the activist investor pulled its position. the ceo of clariant said the deal is better that whitetail had blocked last year. barclays bank has said its

bank operations has been charged for unlawful financial assistance this is the same charge brought against the parent company in relation to capital raisings in 2008 both entities say they will defend themselves against the charges will relate to $3 billion loans. credit suisse has been hit by a lawsuit over the writedowns it took in 2015 and 2016 that's according to the paper. the bank is said it's without merit. they'll be reporting earnings later this week. rbs with the uk and the financial crisis reported. it's one of the last to result in the deal. the finance is expected to be in the region of $7 billion we're getting a little parity in what that rbs is going to be one of the top stories today, the white house advisers

say donald trump has no intention of replacing this chief of staff john kelly. kelly has come under fire for the most recent abuse allegations against trump administration aides and meanwhile, the trump administration officials say they may release a democratic memo refuting allegations of bias into its investigation into russian meddling in the 2016 election the white house had refused to allow the release of a document last week saying it included sensitive information. this weekend, trump accused democrats for including that information in their memo for political residence. democrats have dismissed the claim and say they will revise the document and the white house is expected to release a $200 billion infrastructure spending plan its proposal will help facilitate $1.5 trillion inf

infrastructu infrastructure the plan including $100 billion to state and local governments and $50 billion in rural block grants and expands spending on loan programs and public/private partnerships and i'm very happy to say that jimmy conway is still with us. let's talk about the u.s. a little bit it appears as though the trump administration is hell-bent on this fiscal easing with the tax cut and then now a infrastructure fund. >> i think it, i think it comes with the carve caveat that it is linked to equities probably why we had that volatility last week not to say it's a poison

chalice, but i think until we know the real details of what that infrastructure plan is going to look like, for now, it's created that setup, it's had a bit of a sting >> let's talk about what happened last week many people are pointing to the fundamental drivers because we did get that high inflation number but then there are also a lot of technical drivers as well. let's talk about the technical aspects for a second it was very much in the news that there may be many products around that has imbedded volatility in trade. my question is in the vix capitalization over at this point? >> great question. i don't think anybody really knows because the whole short vol concept has grown so massively in the last three years partly as a function that there aren't very much an

offering in the world. both have been sold whole sasal if you like and to central banks. what i will say, the s&p has always been used as a kind of funding like, it's big and diverse. and from october of last year, it's now at 36 >> and is there a sense that investors would sell u.s. vol to buy other markets? >> that so, u.s. volatility and other markets or asset classes against it and that's created a degree of overcrowding and when you have a catalyst to try and test that overcrowding liquidi liquidity, because it's the liquidity that has vanished more than anything else, it can give rise to what we saw last week. >> do you think the higher volatility is goingto be with us for a while, then

>> definitely. events of the last week or so has disrupted the supply of volatiles, at least in the meetings by the time they will come back, it's quite likely we'll be into the white heat of the withdrawal of more central banks. and, so, yes, i think in the medium term, we've seen the lows of volatility. >> if you're an investor trying to get into the market, what should you look out for here >> the vix itself, and pointing out that the u.s. in 85% of the time, after we've had a four or five standard deviation move of the vix above its 90-day average like a big gap in the vix, equities are higher in three months later in europe, when the vix is in the top, that's a great move on a 12-month

if you're not too concerned about market and you believe that the fundamentals are still intact, which it is, and now is the time to start thinking that what i would say, i'd exercise a little caution because i'm not sure that the short-term is right again. >> jimmy, i'll have to stop it there. that was jimmy conway. coming up on the show, uber has reached a multimillion-dollar settlement with waymo, after the ride share company was found stealing secrets. jimmy's gotten used to his whole room smelling like sweaty odors.

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i'm joumanna bercetche and these are your headlines european stocks rally in early trade. the reason some of last week's, and imf managing director christine lagarde says the wild market moves are not worrying her. >> it's in our view a welcome

correction we have observed slightly in spite of volatility, the mechanisms have worked well. heineken broadly in line with estimates but the dutch brewer forecasts a lower operating margin for the year ahead. citing a volatile market market. >> what we're guiding for is around 25 basis point extension due to residual and due to the fact of major integration in brazil akzonobel shares rise. apollo and the largest funds teaming up for a potential $10 billion euro bid for a units and president trump plans to unveil his $200 billion infrastructure plan relying state and local governments to help with the heavy lifting.

>> all right, everyone let's check in on markets. a little more positive today a breaking with the bloomy trends we had toward the end of last week the picture in europe is one of green for almost about, say, 97% of the stocks. and that has developed over the index which is up about 1.5% about an hour and a half into trading. so european markets starting off on a better foot than last week. let's switch to the boards there again, the picture is one of positive sentiment. ftse up 1.3% xetra dax up 1.9% there. and you can see all posting declines up to 5% in last week's trading. whether or not you can draw a line under it we'll have to see how things evolve. firstly, everyone is saying that the earnings have been solid in both europe and u.s.

perhaps this volatility we can just put behind us, but of course, that's a function of how things go this week and fixed income states. every singlesector in the gree this morning, you can see cyclicals getting the charge technology, health care, retail, all of them having a strong day today. and meeting, but lagging a little bit are the food and beverage sector. volatility with more of the space, more a little defensive than cyclicals leading the charge this morning. i mentioned ten-year yields, and i think we should take a look and see how the picture is in u.s. yields this morning of course, we're seeing a lot of attention on the two-year note up around 2.11%. really, all of that is a function of what the fed decides to do next and certainly, pressure is mounting on them to step on the

pedal a little bit, as the u.s. trump administration continues to deliver bouts and bouts of fiscal ebitda. and the highest ever in a couple years, certainly, the highest ever since the whole selloff started. many people are saying that perhaps that 3% level in the ten-year could be aligned. we could start to see potential money coming in and buying up the markets and that would be good, of course, for the u.s. dollar and finally taking a look at the vix. the dow travels 22,000 points last week, up and down, up and down so, no surprise really that the vix has reacted. on friday, the vix high of 40. it has since come down a little bit as the market recovered towards the close. but you can see it has been have been a very volatile week for the volatility index and finally, u.s. futures where all of this started are

looking very positive this morning. dow is looking to open up 300 points higher. that is quite a strong close s&p looking to open about 30 points higher as well. a lot more optimism in the markets today. ♪ meanwhile, u.s. vice president mike pence has raidsed the prospect of u.s. talks with north korea. speaking to "the washington post" on his way home from the winter olympics, pence tells us that pressure in pyeongchang will continue. pence said if kim jong-un wants to talk, we will talk. he wet with moon jae-in and agreed with further negotiations with north korea kim yo-jong, the younger sister of kim jong-un has returned to north korea after the winter

olympics kim met with moon jae-in on sunday to the games, u.s. figure skater, marie nagasu made history as she became the first woman ever to form a triple ax l axel and red guaerard has won gold and the event is just the best performance ever by britian with a seventh place finish for the third day of events well under way, this is how the overall medals table looks a surprise goal from germany in the biathlon has helped him to be the top of the table. the women's 3,000 meter speed skating event saw the

nethderlanethd e netherlands sweep. and those numbers are going to change sticking with the games, the winter games are proving no exception. we've been looking at how virtual reality has been enhancing the winter olympic experience in pyeongchang. >> reporter: it's a view that used to be limited to the olympic elite. now shared by the most amateur athletes virtual reality headsets giving those like me, the true championship experience without ever breaking a sweat. before you can actually experience the games as a spectator, now, you can actually experience the games as an athlete. >> reporter: helmet cameras are taking bobsled events on a high-speed thrill ride

with gps sernsors offering play by play on an app. 60 moves are documented, every spint an spin and jump. this is the heart of your operations, what are we looking at here? the 5g wireless network connects all of these olympic experiences using technology that transmits data up to 20 times faster than 4g while currency allows us to make calls, send text messages and go to the internet, the next generation has devices that means smartphones, smart health care and yes, smart cars >> connecting old things with almost realtime. and because of that, we can apply it to the car area or the

surgery. >> reporter: the olympics mark the first real test for 5g but companies like sk telecom are already looking beyond the games. how far in the future are we now? >> we're up around 2047. >> reporter: its i.t. center doesn't just simulate long-term applications for 5g, but those in the near future autonomous cars that allow you to shop while you drive. an operation room equipped with a.r. and robotic arm for surgery. 5g technology isn't just about connecting all of these devices. the high-speed network as allows to you transport it into a meeting room virtually the sheer possibilities leading to the global race to commercialize 5g within the next year how many years before we see the full potential of 5g >> i think more than one year from our -- we almost completed

it around one year but for 5g it's very hard. >> reporter: hard, although not as challenging perhaps as a nonhockey playing reporter trying to play goalie at the olympics >> while, a high level delegation from the north did attend the opening ceremonies that may be the extent to which north koreans are allowed to attend the competition live in the north half of the korean peninsula for tech news. uae exchange, and the foreign change one of the largest in the east our tech correspondent is at the world government summit in dubai on the ground. argent, i believe you have a special guest with you >> reporter: absolutely. fintech alleged technology

cryptocurrencies at the world government in dubai. i've got with me now the chief f fintech officer. i want to talk to you about your experiment in blockchain and cryptocurrencies, where are you now? >> we're confident with money moving around. with the bank of interest, and in the first program, we're now looking at opportunity to move money. as part of that, we're looking at central bank of canada and hopefully that gives us the ability that we're looking for bloc blockchain >> does cryptocurrency fit into that four? >> i think with cryptocurrency,

thinking about the fundamentals with money there are things like finality consolation, netting those are the key principles at which money moves in the most efficient way. now that currency into the platform is an experiment which i don't think at this point it's strong but if it happens, it will happen as part of the snarl growth of blockchain >> are you looking into a singular form of blockchain? >> well not necessarily at this point. the cryptocurrency has some time to come in but the blockchain is one way to get to the currency. >> when do you expect the blockchain to underpin your trade? >> the transformation, almost like the 2.0, what they're talking about.

it has to be across the sector then the real impact comes >> you as well as anybody knows you've been looking closely at cryptocurrencies and bitcoin, mastiff volatility recently. does some of the bubbles forming in that part of the cryptocurrency world worry you about the blockchain space >> absolutely. i don't want the whole part of it to be destroyed because a global experiment on this fabulous technology and find a use case both in the long run put the spectators, people making money out of the currency, perhaps negatively impacting the whole experience of the currency. >> we're seeing jucountries like japan getting on board with bitcoin, for example, is that something that you guys have looked at? >> they're ensuring there's not

laundering, going on in that space. so i don't think the regulators have taken a stance on this. they're just ensuring that it doesn't clear a platform to do money laundering >> chief tech officer at monetary at singapore. thanks for joining me. bitcoin is going to continue to be a huge topic at these high-level meetings. guys, back to you in the studio. >> thanks for that it's interesting what he was saying about blockchain there, and said it will take a couple years for the world to come to terms and have the infrastructure ready speaking of tech news, uber has settled a dispute with waymo. announcing friday that the trial was underway the device paid $200 million in uber shares. waymo had accused uber of

stealing trade secrets coming up on the show, volatility and the spotlight we'll have a look at what that means for your portfolio, coming up your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember.

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signs. uk prime minister theresa may is set to give a series of speeches on the future of brexit in the coming weeks as she seeks to unite the covenant up to six speeches could be given by may and others. meanwhile, the prime minister will go later today to take part in restoring a power sharing agreement. her irish counterpart will be in attendance for more on brexit, head to cnbc.com to find out why billionaire investor george soros is going under in regards to his take on the issue and meanwhile, where does the vix go from here and is the high volatility here to stay it all started last week when a strong jobs report

combined with a much expected wage growth had everybody jittery about inflation. the vix last friday went from 17 to 32 in one day that was its biggest one-day move in years and that kind of upset the apple cart one of the most crowded trades on the street would say that volatility would stay low and the market would keep going up so they wouldn't have big spurts going down a lot of traders had sold puts remember, the vix measures the cost of ports and calls on the s&p 500 in the near term, just 30 days out. on friday when we blew through all of those near-term prices, friday came out and the vix short of blew up the bottom line, a lot of these trades based on low volatility, long stocks had to reverse all this week. that means deleveraging, demargin calls, selling stocks, shorting the market, whatever. deleveraging in general. the vix hit 50 in its peak on

tuesday. that was the highest level since the chinese devalued the yuan in 2015 exactly what happened this week. so where do we go from here? the good news that the cap base, 29 today is still elevated, but it's slightly above the futures contracts for february, march and april. all this week, the vix has been way above the future contracts that's a very rare occurrence. and it's a sign that trade of this magnitude will not be strong it will be short-lived it's now starting to come down towards the future prices and that's a good sign so where will the vix end up nobody knows but most traders are betting below the old price of $10 but likely above $20. we'll see. let's bring in pearce kernen thanks for joining us this morning. we'll start off with the

question everyone is asking, do you think that the capitulation is over? >> i think a very good question. i think personally, it is for now. unless there's another trigger point. what triggered the volatility, let's say, of last week, of course was that single wage growth number from the u.s. which triggered this snowball of a reaction what is really important this week, on wednesday, at 1:30 uk time, we've got the uscpi data that's really the next really important inflation measurement. if that comes out high, it's been 1.7%, 1.8% for pretty much the whole of the last 12 months. if you see that 1.9 or 2%. that alone, i think, will kick in perhaps another episode of what we saw last week. now, if that doesn't happen, then naturally, i think things will settle down i think it's too early yet for

this correction to turn into something to turn into something that's way bigger. >> certainly, everyone is looking out for the cpi data the core number should be 1.7% and head line around 2.2%. i want to draw your attention to what's been happening in crude space. there's been a lot of focus on commodity space. krudz crude is up this week. we've talked about equities. but also let's keep an eye on what's happening in oil states the correlation is there oil is making a little bit of a comeback 1.7% for the week. it did actually trade a lot lower. owe, piers, with that in the conversation, a lot of that is driven by what is. happening in the commodity space as well?

>> for sure. >> with the equity and also a reverse of it. >> this is true. >> potentially that could provide some support for the markets in the sense if people eexpectation driven by commodities. >> yeah. i would say it's more to do, the core inflation certainly takes energy out of the equation i think oil is very volatile oil, whilst, it has dropped quite significantly last week, it's still on an annualized basis. as a lot higher than last year so it's still a positive inflation input i would say. >> i'll ask you something else, how big to ctas, etns, etfs on the market, it appears that retail investors sat back and watched the machines do their work >> right i think this is an important thing. last week's selloff, 10% drop in the s&p 500 for example.

it was actually the fastest 10% correction ever from an all-time high now the speed -- the fact that it happened is no surprise i think it's the speed at which it happened that has kind of grabbed all the headlines. now, everyone is talking about etns being to blame. and this is absolutely true. that part of this story, whether this huge amount of sell volume, when you get markets dropping sharply, algorithm trading systems have their stocks triggered which creates more selling and more stocks selling and so on. that's one thing, the volume that stepped higher. but the other key thing, that not many people are talking about, at the same time that volume is increasing, you have liquidity decrease this is the amount of orders on the order bookins of these markets. how quickly is will move is a function of the depth of the

algorithm. they're no longer putting orders into the order books sewed orders have dropped sharply which means when huge sell side comes in, you've got radical movement on the bank side you've got movement unexpected, very quick and overdone i would say. >> and the forecast for the markets the fact that the critics -- >> and the critics, still slow you'll still get volatility this week >> do you think if there's another down week, that this time around, we'll be more prepared >> yeah, to a degree, yes. i think at the moment, some of the, depending everything is still strong, markets can react significantly enough to actually reverse fundamentals but i think at the moment, that's probably not the case although i would say investor behavior might actually shift here i mean, it's been by the bit for

the last few years, actually because of this episode it might be sell the rally. >> thank you for joining us. that was piers curran, the head of trading and let's check in on futures. as we said, it's looking to be a positive day dow looking to open up 320 points higher. it was 300 a little while ago. as we continue, it looks like it's breaking with last week's trend. that's it for today's show i'm joumanna bercetche i hope you enjoyed watching "street signs. "worldwide exchange" is up next. we use our phones and computers the same way these days.

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let's try this again. green arrows as the voles try to battle back from the dow's worst two weeks in years a welcome correction that's how christine lagarde is explaining her comments to cnbc coming up. blues, a developing story, the fire sale of the weinstein company, as the u.s. attorney general files a lawsuit against its company and its founders it's monday, february 12th, 2018, "worldwide exchange" begins right now