. welcome to "street signs." these are your headlines credit suisse posts its third straight annual loss but it's better than expected and shares rise as the ceo says market volatility should not raise alarm bells. >> there's some discomfort because people realize volatility of the market can go up or down, but that's by definition it's fundamentally a sign of recovery >> credit agricole misses q4

forecasts and comes in below expectations. and there's a vitamin boost for dsm shares as the nutrition business performs well the ceo says he expects more of the same in 2018 >> we expect to deliver above the target set, growth above the market, further financial results and capital efficiency. and police in johannesburg are targeting zuma acquaintances and the family >> full-year 2017 gdp rises for

italy 1.4%, 1.5% workday adjusted those are the italian gdp numbers coming out this morning. a bit of an improvement, for the quarter up 0.3% against a consensus of 0.4 and matches the year-on-year percentage of 1.6 you can see there very little movement in the italian bonds. talking about the european equities, the stoxx 600 is trading in positive territory. the stoxx 600 up 0.9%. if we look at specific sectors that are driving, you can see that specifically there the massive changes across the euro 600 up 0.4%. there's been a lot of movement in the financials.

credit suisse posted its third consecutive annual loss as the impact from u.s. tax reform pushed earnings into the red the swiss bank saw assets in the wealth management hit a record and had a strong start to market based activities in 2018 with net revenue in global markets estimated to have grown around 10% year-on-year joumanna bercetche, i want to talk to you about some efforts the bank has been making to transform its business wealth management seems to have done quite well so far >> yeah. absolutely this is part of a transformation plan that mr. thiem introduced a couple years ago he said we're through 85% of the process when it comes to hitting revenue targets, about 75% of the way through when it comes to hitting cost targets in terms of numbers, they gave

guidance back in november as to what we could expect from each division, and they came in line with the guidance in november. so no big surprises there. of course the tax writedown was widely anticipated digging many deeper, if you look at market revenues in the fourth quarter, they were down, that is in line with most other banks, u.s. banks, european banks on the back of the low volatility environment that pisexisted then it looks as though things have started to pick up but of course credit suisse has been in the news for that inverse vix product. i asked specifically about that product and his views on volatility >> i looked at the 279 pages, it says this is a trading tool, it's a note, not a fund. it's a trading tool for sophisticated investors. this is the language we use for

daily trading risk management. we say the value of -- the long-term value of your etn is zero, and we say this should not be held over the long-term because you're likely to lose all or a substantial part of your investment. so it's a daily trading instrument for sophisticated investors. it's zero value. it's not an investment vehicle it's not a proper investment vehicle. we also said because of that, because the price can vary so brutally, if the price goes down by more than 080%, we can close it on the 5th the vix went from 17 to 48, the value of that instrument went from 100 to 5. once you're at 5, there's no prospect of recovery

even the vix went back down to 17, this would only go down to 10 so the product was no usable anymore. one more point, it continues trading until february 15th, so tomorrow the closing value will be the value tomorrow then the owners will be paid on the 21st so all that was clear from the beginning. and i think that's all there is to say on this matter. >> are you not concerned about the hit on credit suisse's reputation >> i think other players made the same decision on that night. it's a legitimate market instrument that serves a purpose, is useful for marketing and risk yes, it has had a lot of attention because of this short vol trade was run by a lot of people at their own risk you know, it worked well for a long time until it didn't, which

is generally what happens. >> going forward are you expecting a higher volatility environment? >> i think volatility is -- everybody wanted volatility go back up. there's some discomfort because people realize with volatility the market can go up or down it's a sign of recovery of the economy. same thing with interest rates when the economy is healthy, you have good gdp growth, you should expect a healthy level of volatility, which allows market participants to make more money. >> is credit sweet taking advantage of that? >> i think we are. it's the best it has performed since i arrived. we made some high quality

recruits and that's paying off >> a couple of points to pick up from that. the first is with respect to the inverse vix product, he ran through the prospectus and said that investors who read the p prospect t prospectus would have known that the product could jump like that he said they were not concerned about the reputational risk because they were not the only bank out there structuring such products picking up on the second point, the fact that volatility picked up in general, he said that's a good thing for the banking system and for credit suisse they made a lot of key hirings in that space, and they're set to benefit from that we're already beginning to see it he said the first couple weeks of this year have been strong for them, pointing to revenue up 10% already for the first couple of weeks of 2018

last year market revenues were 5.6 billion. he said they're still on target to make that 6 billion for 2018. he seems to be quite pleased with the progress so far >> interesting that the bank ceo feels he has to say to investors who bet against vol that if vol jumps they'll lose money i want to talk about u.s. tax reform a lot of huge u.s. corporates have been able to give extra money to employees, to shareholders, talking about dividends, buybacks, it seems like this caused a lot of write joups. wi with credit suisse, what is the result of that tax overhaul? >> they said the impact would be sizable relative to other european banks to the tune of 2.3 billion swiss francs we saw that in the numbers today. that's the main reason that credit suisse posted its third annual loss in a row

without the tax impact he said they still made and generated profits of 2 billion swiss francs, so going forward the underlying business has that momentum and going forward hopefully the market can look to -- look past these one-off impacts. the dta impact, the writeoffs onof some of these deferred writeoffs is very much particularly to the fourth quarter but going forward the fact they have to pay less taxes is a good thing for a bank's earnings potential. back to you. >> for more on the third consecutive loss by credit suisse and i would they're adopting a cautious short-term outlook, head to cnbc.com. credit agricole saw net income rise 33% in the fourth quarter despite a 384 million euro charge caused by french and

american tax law changes that have also hurt other lenders the bank's cet 1 ratios stood at 11.7% at the end of december dsm has beaten forecasts on the top and bottom line boosted by both its nutrition and its material businesses. fourth quarter profit rose 14% to 359 million euros the dutch specialty chemicals company says it will raise its dividend 6% to 1.85 euros per share. earlier the ceo said that the spread of the business was good. >> at this moment we feel balanced, we feel okay let's realize the u.s. and europe offers great growth potential with good momentum in europe and it continues good momentum in the u.s. but like you mentioned, the rwanda project, we are picking up in africa, strong position in

china double digit growth in china. so the spread of the business around the globe is something we feel happy with. >> moving to germany, net income at thyssenkrupp has increased almost ten fold in the first quarter coming in at 78 million euros compared to 8 million euros a year earlier net sales rose as higher steel prices supported the industrial firm's earnings. and h&m expects slightly better results in 2018 saying physical store sales will continue to buck the trend by growing. the world's second largest retailer expects online retail to increase by 20% clariant's full-year net profit missed estimates as the company was hit by one-time costs following a dispute with an activest investor which forced the swiss chemical maker to avoid a planned merger. coming up on the show,

investors zero in on u.s. inflation data coming out later today. we'll see what number forecasters have their heart set on after this break. you know what's awesome? gig-speed internet.

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welcome back investors are keeping a wary eye on u.s. inflation figures due out later today. analysts expect cpi to slow to 1.9% in january, down from 2.1 from the previous month. the core inflation figure is expected to slip to 1.7% anything above could rattle investors. the recent downturn in u.s. stocks has economists wondering how much that will impact economic growth. steve liesman gets us up to speed whether the wealth effect will bite gdp. >> were you spending more because your stock portfolio was way up or go out for an expensive dinner or buy that boat you always wanted if you did anything like that you contributed to the wealth effect, buying more and saving

less when stock and real estate values rise. estimates are people spend 3 to 5 cents per dollar from the windfall from their portfolios goldman sachs estimates that may have added a half point to u.s. growth over the past year. with the market down and the outlook for stocks not as rosy, that wealth effect could turn neutral, and that would be try ae rou around the world since 2009, u.s. household wealth is up and 3.5 trillion may have been wiped off. lee instances where surging stock and real estate values prompted americans to save less and spend more going back to 1995 the savings rate has recently plunged while stocks have surged there will be offsets in the

u.s., but americans could be thinking twice about that fancy vacation or that loaded car with the options until stock market valuing stabilize. steve liesman, cnbc business news. moving to the middle east, benjamin netanyahu has promised to stay in office after police recommended indicting him for bribery. the country's attorney general will decide whether to file charges which could be a long process and twice in the past has not happened police say netanyahu accepted expensive merchandise from several individuals over the years, though his lawyer says those were just gifts from friends. in anned a la ed address last n netanyahu said he would stay and fight. >> i'm not here for personal ga gain, if that is what was driving me, i would have been somewhere else long ago what drives me is the future of our state. our government will see out its

days together with all the government ministers we will turn israel into an international force. >> in south africa the country is on edge as people wait to see how president jacob zuma will react to the anc's demand that he resign. however the presidential office says no official communication has been issued about a media briefing for today despite local reports that he would be speaking publicly. key members of the anc want zuma to set down and threatened to recall him party leader cyril ramaphosa is in line to take over the presidency the traders worry a tough power struggle could be ahead if zuma does resist calls to leave this morning south african police made arrests following an early morning raid at the gupta family home in johannesburg. the gupta family are close friends with zuma. they previous i will have been accused of corruption and influence peddling

from johannesburg this morning we're joined by our correspondent joining us from outside the offices of sahara computers, a gupta business. i want to ask how much of an impact could this have on the corruption charges we've seen against jacob zuma if it seems like the police are pursuing the gupta family more aggressively >> it would see the guptas have come here and the hawks are investigating the guptas they raided the family home this morning. we can confirm one of the family members from the guptas has been arrested behind me is a harracompany cali sahara they built fortunes in south africa because of close ties and

relations with the government, especially in the last nine or so years under the presidency of jacob zuma that is coming to end. the president is being debated we're not sure he will give south africa a valentine's president by resigning as a head of state it seems the chickens have come to roost for the gupta family, and now those who he has closely worked with is tumbling down at the moment >> thank you very much for that. >> i'm also joined in the studio by simon evans, emerging market strategist let's talk about south africa. after those raids, a friend at the "wall street journal" said get the popcorn ready, we're expected to hear from jacob stoo zuma >> that popcorn has gone stale

over the last week or so the rand has been the best performer since early december in emerging markets on the currency side. if you look at it versus the basket of euro and dollar, it's actually 12%, even through this noise on u.s. equities that we're seeing looking ahead i would say that the likelihood of mr. zuma leaving his office or being forced out of office through a no confidence motion or an impea impeachment vote is high ahead of that the rand will be volatile and definitely on a positive note. >> difficult to trade around this fast-moving news story. >> it is, because the rand has done so much appreciation already in the last couple of months >> what's going on with the u.s. dollar from your perspective what does that mean for the dollar, for the lira, some of these other currencies >> i think it's a massive challenge if we look into this year many countries and china have been building up debt over the

last couple of years most of that is domestic debt. so they are relatively protected on that front. there's no question that if we see an appreciation of the dollar, it will start hitting the dollar debt in many countries that we've seen in previous crisis times. however because the dollar has deprecated so much already, and the u.s. is going through this big budget deficit scenario, we're not seeing impulses on the inflation side yet, that tells us from an emerging market experience the dollar continues to deprecate over the next few months what about emerging market debt, in terms of the dollar that's been an interesting story as well >> absolutely. interestingly, i as an emerging market person over the last 20 years, i don't think anyone would have seen this, local currency bonds in emerging markets have been the best performing asset class in the world. so i think this comes as a big

surprise given the fx in emerging markets have been stable if we were to get a big turn in the dollar you would see hits on the fx side in emerging markets. >> where would you be looking for exposure when it comes to em debt >> given that the u.s. is in hiking mode, monetary tightening mode, same in the eurozone, probably at some stage in japan, we're saying be a little bit more cautious on that side, on the local currency side, be more exposed to the stories that give you more carry, but in dollars and that is the em credit space. there you have a number of countries like argentina, ukraine, subsaharan african countries providing you with some buffer. but in general, if you look at the diversified we're looking at

4%, 5% of yield return just including the spread >> you talk about hiking in the u.s. and europe and japan, we've also talked about the impact that the weaker dollar is having around the world especially in em would you want to be a strange bankcentral banker in those places in. >> i think central bankers have done an amazing job over the last four years. they hiked rates in places like turkey, brazil, russia, even mexico on a forward looking basis. real interest rates are 3% plus. current deficit accounts have been brought down. in india we moved away from this five story, but i would like to be a central banker. as one said, it is a lonely job, you can only speak to other central bankers out there but it

would become more lonely if the dollar were to turn more meaningfully >> crude oil prices have pulled back again, and on the back of forecasts yesterday, it doesn't seem we'll be short of supply any time soon. where do you think you can gain solid energy related exposure in the emerging markets >> well, i think most investors would tell you the corporates that are giving you the spread pick up versus the sovereigns, the likes of petrobras, these provide with a spread pick up. there are other companies for example in russia. russia is an interesting story s&p and moody's are looking to upgrade them to investment grade probably sometime in the next few months there will be a race there many investors will focus on the likes of gazprom or some oil names out there. but this is depends on the oil price. i can't forecast the oil price

i don't think anybody really can. >> real leave it there thank you very much. that was simon evans coming up, the leader of germany's center left spd is no longer the leader, he resigned as the party is divided over joining the coalition government we'll discuss that after this break. jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy.

welcome back to "street signs. i'm willem marx. meez are your headlines. credit suisse posts its third straight annual loss but it's better than expected and shares rise as the ceo says market volatility should not raise alarm bells. >> there's some discomfort because people realize volatility of the market can go up or down, but that's by definition it's fundamentally a sign of recovery a different story for credit

agricole which sees red as fourth quarter forecasts surge there's a beat on the top and bottom line providing a vital boost for dsm shares as the nutritio business performs well the ceo says he expects more of the same in 2018 >> we expect to deliver above the target set, growth above the market, further cost reduction, further step up in financial results and capital efficiency. and in south africa the anc demands the resignation of jacob zuma as police target his close acquaintances, the gupta family. let's take a quick look at the u.s. futures a few hours ahead of the open in new york. you can see the dow jones

looking to open up more than 170 points the implied open for the s&p and nasdaq are in positive territory as well. currencies, the euro strengthening slightly against the u.s. dollar. the dollar weak against the yen. the pound weaker against the dollar and the dollar very slightly weaker against the swiss franc let's look at the european markets individually now all four major territories in positive territory all up about 0.75% sticking here in europe, the leader of germany's center left spd party has stepped down martin schulz says he resigned to let the spd regroup after a recent deal to form a coalition government with angela merkel's conservatives. the deal must still be approved by spd mayor

oscar schulz will serve as caretaker leader the german economy grew 0.6% in the fourth quarter of 2017, in line with expectations germany's federal statistics office says the robust growth was down to a substantial increase in exports. on the year, germany's economy has expanded 2.9%. the strongest pace of growth since the second quarter of 2011 i'm happy to say we're joined by the chief economist at commerzbank. i want to ask about gdp growth and potential spending the spd won a huge number of concessions which could, according to your bank, lead to a bit of a deficit >> yeah. as long as the german economy continues to grow at such strong rates, and i expect this to

continue for two, three years, i think that -- i do not expect a deficit. if something happens and growth slows down, then we are quickly back in deficit territory. the new government will spend all the extra tax revenues for consumption. >> perhaps mr. schulz made a miscalculation, but it seems like the spd won a lot of concessions out of these coalition discussions. has that surprised you >> not really. we know chancellor merkel is conservative mr. shchulz from the social democrats at the evening of the september election said in public mrs. merkel will give everything to be re-elect eed a chancellor, so they pushed through a lot. two-thirds of the grand coalition is on economic policy

term s determined by the social democrats, and they took the very important finance ministry. >> a lot of people, i'm sure, waiting for these inflation numbers out of the u.s. today. there's not so much expectation or anticipation about an inflationary uptick in europe. why do you think low unemployment, strong economic growth, the strong pmi services numbers, why has that not pushed inflation up to the levels that would satisfy the ecb, do you think? >> you're right. the unemployment rate in the eurozone declines as quickly as in the u.s. following the years 2010 however the level of the unemployment rate at 8.7% is still high we still have mass unemployment in the eurozone. a second point is important.

more than half of the decline in the unemployment rate in the "u" stems from countries such as spain where the unemployment rate is very, very high, in double digit territory, so that therefore i expect core inflation in the eurozone to fluctuate around a mere 1% and not to rise towards 2% as the ecb hopes. >> you don't expect an ecb rate hike this year, in fact not until late 2019. your bank calls a retreat from loose monetary policy "painfully slow." what factors could make a hike happen slightly sooner >> well, of course inflation inflation is very important. if in contrast to my expectations, core inflation increases, then the ecb could deliver a rate hike earlier.

the market assumes exactly this, because the market expects three rate hikes of each ten basis points by the end of next year i think this is too aggressive i don't think inflation will pick up. >> there's something interesting in one of your notes can you talk about how the recovery of turkish tourism could keep core european inflation low? >> sure. we had seen problems in turkey, and therefore last year a lot of tourists spent the holidays not in turkey, but in southern europe, italy, spain this has raised the package tour prices this was why core inflation picked up somewhat in spring and summer last year as the situation in turkey eases, and the tourists return to turkey and package tour price

inflation in the eurozone will decline again, lowering core inflation. one of the arguments, a more technical one, why i believe core inflation this year will continue to fluctuate around a mere 1%. >> interesting insight thank you very much for joining us now, president trump says he is weighing options to address steel and aluminum imports into the u.s. mr. trump told lawmakers these imports are unfairly impacting u.s. producers he also said actions to protect the businesses could include tariffs and quotas the president has until mid-april to decide if he wants to impose those measures top u.s. intelligence officials say russia could try to meddle in upcoming midterm elections in november. andrea mitchell has more >> reporter: months from the midterms, russia is again trying to disrupt our elections today's stark warning from the

nation's intelligence chiefs >> frankly, the united states is under attack under attack by entities that are using cyber to penetrate virtually every major action that takes place in the united states >> reporter: the russian attack plan using bots, fake accounts on facebook, and other social networks, planting disinformation to sow discord, what they did in 2016. >> there is a wide consensus among the intelligence community that russia interfered with the election of the president of the united states. that's exactly the point. >> reporter: and today when pressed, officials acknowledge that the president has never asked them to stop russia from doing it again >> has the president directed to you and your agency to take specific actions to confront and blunt russian influence activities that are ongoing? >> we're taking a lot of specific efforts to blunt -- >> directed by the president >> not as specifically directed by the president. >> reporter: in fact, mr. trump has often echoed vladimir

putin's denials. >> i believe that president putin really feels, and he feels strongly that he did not meddle in our election. >> reporter: tonight facebook tells nbc news it is working closely with the fbi and homeland security to protect the midterms but experts say americans need to be even more alert online >> that for a lot of people means that they can't trust any of the information they're receiving about the events of the day. and i think that that means a lot of people are frankly very confused. after a number of volatile weeks for oil, prices have begun to stabilize in recent days. the egyptian oil minister spoke to cnbc exclusively in cairo and discussed the importance of a stable oil price >> the energy is life. and you need it to make sure that this is the first fix so closing the gap whether there increasing production or importation, but at least secure

reliable supply in order to maintain at least the day-to-day provisions for products. so that you make sure that each individual's daily living is secured with no problem. until such time you look at how you would optimize so the first day you need to secure the product, then you talk about optimization. this is what we've been doing. so the first thing was to fix the supply, avail the product, and close the gap between supply and demand through importation definitely at the beginning. now what we're doing, you get to reach the self sufficiency before the end of 2018 this would be by narrowing this gap until you close it through

steady and very smart way of increasing production. because you have to have also sustainable production you don't have just quick wins or quick fix for a short period of time, then you start again to see decline of production. so, that's why what we're talking about is really about long-term sustainable producing country. >> tell me about the diversified energy strategy, solar i know is important for your country are you seeing anywhere near the growth in solar that you're seeing in gas? >> this is true. when we talk together with our minister of electricity and renewable resources, when we put together both of us, the energy

st strategy for egypt for 2025, in the beginning and now when we know that most of the energy has been the energy developed through fossil fuel comprises of 91%. while 9% only is coming from renewables that means that 91% of the current energy is coming from fossil fuel oil and gas. this is too much this comes down from 91% to 70%. this was the strategy that was there, that we have updated in 2016 what happened in 2017 and recently in this early one or

two months of this new year is talking to minister of electricity and renewables, they are revising their plan and will be discussed together in order to publish it. the same and the target, the new target that will come down to 60% of fossil fuels, that means 40% renewables this would not have happened if we would have continued to do subsidies. because there was no room for competition. now it makes sense economically to start developing the renewables at the same time this will relieve us with the gas in order to go for petrochemicals and added values >> that was the egyptian oil minister talking to steve

sedgwick recently. gkn laid out a transformation plan for the business in a bid to stave off a bid from melrose the company says it will return 2.5 billion pounds to shareholders over the next three years. melrose has criticized that plan saying its desperately short on detail shares in baidu rose after an increase in quarterly revenues the chinese company announced it was planning to list its video platform in the united states. the core search and news feed business helped fourth quarter revenues, they rose 29% compared to a year ago and totaled 23.6 billion yuan the president of the company said content was king. we have chinese contents, and also license contents from hollywood and other countries.

and i believe there was -- the article in the "wall street journal" plaid ahuge huge amoun money to get content >> e-mail the show about anything we've been discussing this morning the address is streetsignseurope@cnbc.com you can, of course, also follow us on twitter, @streetsignscnbc or you can tweet me directly coming up next, sky shares have jumped after the broadcaster seals a multibillion pound premiere league football games. and we'll show you which stocks ten to perform best in the wake of valentine's day. in europe, unilever produces the highest average return, then ben

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welcome back to "street signs. sky shares have risen after the broadcaster announced it will pay 3.6 billion pounds for three seasons of premiere league matches from 2019. bt secured a smaller package analysts said sky received better value for money than bt for the deal providing a boost to sky's value as fox eyes buying out the part of the broadcaster it doesn't already own. u.s. snow border shaun white

made history in pyeongchang as he took the gold in the halfpipe finals it's his third ever olympic gold and the 100th gold the united states has won in winter olympic history. five w high winds have continued to cause havoc on the slopes. the latest event to fall victim is the woman's slalom event, which is being pushed until friday it's the third time in four days that an alpine event has been postponed. if we look at the medal table, that gold medal from shaun white has not moved the u.s. up too much germany has five golds norway, the netherlands and canada continue to make up the chasing pack i have to say as a dutchman, that makes me happy. the winter olympics has seen a north korean visit, high winds and stunning routines but also the on-demand economy in full

action with homes being rented out. head online to cnbc.com to look at details we're joined by the chair of uk active let's talk about the impact the olympics has on young people it's not as much as you would hope, is it? >> there's a spike in participation after the games, after the london games in 2012, about three quarters of a million people, but you might watch your olympic gold medalists and think you want to be them, the reality is you're training 20 times a week, 50 weeks a year it's not that kind of link that you would want where we need to look to the future is in terms of physical activity and participation in the uk alone, inactivity causes the nation 20 billion pounds a year. the games are incredible, but a natural participation does not fall in line with that >> how do you solve that

do you make that part of any olympics package if a city is bidding for the games, they have to prove there's going to be a program? is that something the ioc should be responsible for >> in 2012 the bid committee did make it clear they wanted a legacy around the venues, but also participation the ioc are looking at cutting costs for the games because it's getting difficult for any country to bid because the costs keep going up. i think the ioc should be looking at different forms of legacy for the summer games, which i competed in, what we know now is we used to assume children's physical activity went up during the summer now we know it goes down the fittest children now would have been the least fit 30 years ago. we have to be more creative in terms of how we get children to think about fitness and activity >> how do you? >> some of it is about the ioc providing sort of stronger messaging. the paraolympic committee could do that as well it comes down to

government is, and countries thinking about what they want to deliver as a game's legacy and it requires invest that's not always maybe the most exciting thing to think of when you think about investing in hosting a games. >> do you think in the uk after the olympics was held in london, does it come down to the school level? is that where that intervention works? >> it's a combination. we have to encourage children to think about not just physical lessons in school, which is probably two, three hours a week at most, it's about active travel, about how we build new communities. we have national fitness day, last year 5 million people participated on that one day for little investment. it's about highlighting to people the dangers of not being physically active. the trouble is when you're channel 1cha12

you don't think of life at the 65 but we can't afford for the national health service tos sub tanib national health service tos sub tanib to be sustainable, and countries find it hard to maintain that we are have to take it seriously because the costs 20 years down the line is too much for any economy to think about economies need to think about how their employees look at physical activities. >> how do governments encourage paraolympians to take a role in that process someone like chloe kim, 7 ye17 s old, she'll be offered millions of endorsement deals do you think people like her have an obligation to encourage young people to exercise how would they do that >> in the uk the athletes who are funded have a commitment back several days a year, whether it's going to schools or to promote physical activity that's relatively a lot to do with it.

a lot of the big brands now want to use their ambassadors into terms of encouraging physical activity there's simple ways do it. for girls the connection between seeing their olympic idol and where they are now, is not as strong as it is for boys boys grow up thinking about being football idols, women don't do that in the same way. we have to be smarter in terms of how we encourage people to think about it >> thank you for that. a quick look at the u.s. futures. you can see they're performing pretty positively ahead of the open in new york that's it for today's show i'm willem marx. "worldwide exchange" is up next. (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week.

(malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. or to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. who knew asphalt could help save the environment? ♪

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wall street pointing to a higher open address s investors key piece of inflation data. chipotle tapping taco bell for its next ceo those details coming up. and new numbers show how much money uber lost last year it's wednesday, february 14, 2018 happy valentine's day. "worldwide exchange" begins right now. good morning welcome to