♪ welcome to "street signs." i'm joumanna bercetche and these are your headlines president donald trump slams the fbi after russia indictments unleashing a series of tweets laying blame at the agency he also takes aim at his own national security adviser with this comments. >> i'm surprised with russian cyberexperts available how underlining our democracies in the west we'd love to have a

cyberdialogue when russia is sincere. >> in munich >> we must gain mutual trust for iraqis and everyone. without this, we cannot. >> u.s. investigators reportedly find software which helps cars and sales gains in the fourth quarter missed expectations for the consumer. and does expect better results this year. >> good morning, everybody happy monday of course, u.s. equities did end the note on a much better week last friday with the dow ending above 25,000 mark and s&p avenue 2750 let's take a look at european markets this morning

the picture is mixed roughly 50/50, as lackluster stock and stoxx 600 in line with u.s. equities did end the week up 3.2% and that was the best week since early december switching to individuals, over there, you can see, the bond performing, down 3.5% lots of data to watch out for in the uk this week of course, we've got the employment data, and expect a few headlines to come out of there. and the dexetra dax did have a week last week switching to sector, oil and gas, up 4.4%

in line with what we're seeing and insurance, banks up 3.2% up each and daimler story, vis-a-vis, the emissions story unfolding. and has been weighing on auto specter for most of the year we can see that household goods, and consumers. all of those names have been steadying a little bit but the bright spot has been in asia and many of the asian markets having closed, chinese markets having closed for the lunar year but you can see the uk had a strong movement owe overnight. up 2%. and up 12.2%, versus the forecast of 10%. very strong on the expert side of course, the yen does pose a few questions about whether or

not the outperformance can continue the bottom line the data has been very good and the index has reacted in kind. one of the top stories, president trump has taken to his favorite social media platform i guess that's twitter to react to special counsel robert mooul's indictment in the russian meddling case. in one of the series tweets, how's seized on adam shift, criticizing the obama administration trump also saying schiff is signature on his hands by not putting in new sanctions hadley, it appears that it's one of the key highlights at the conference this year what more can you tell us. >> reporter: it's interesting hearing the barbs flying here in munich prime ministers, leaders and big militaries from europe, the united states and the middle

east as well the topic as you mentioned cyber security, got a lot of play here let's listen into what america's national security adviser had to say. >> i would just say we would love to have a cyberdialogue when russia is sincere about curtailing its sophisticated form of espionage. what you might call this modern day sort of form of moscowoska, enabled by modern day. as you can see with the fbi indictment, the evidence is really now incontra vekon tra cn available in the public demain >> reporter: calling out russia what what he calls as

moscowoska >> translator: i have no reaction at all. because one can publish whatever they want. i've also read the statement by mr. janette manford. and untilby see the facts everything else is just blabber. i beg your pardon for an undiplomatic wording >> reporter: with united states and russia they're talking over each other and nobody is really listening, you have to step back and determine what's happening in terms of economic dmroiplomay where do the united states and russia come together, they also have to come together in what happens in syria and the middle east there are a lot of area where is they can talk and one of them is the economy. let's listen in on the idrf. >> for instance, the european union is founded on the

principles of economic ties, prevent wars and prevent conflict i think u.s./russia economic ties have to improve, have to become stronger and the dialogue is very important. because we cannot get stuck without a solution we need a solution what's the solution? the solution is economic engagement and what used to work for your government fund in russia and it was to force their economic advancement in private equity in russia and this kind of engagement, this kind of focus on mutual projects is helpful for political diplomacy. and if we can work together to face issues, issues on terrorism. >> the russian military conducting cyber attack, the white house says it, europe says it, that makes your job a bit more difficult, doesn't it >> well, again, we believe that business has to be separate from politics and politics has all sorts of measures to address political

issues with renewing economic growth, it didn't happen russian economies is growing at 2% and from sanctions from business people, inclusion of capital inflow into russia has made russia stronger. and second, there has to be careful thinking based on what facts would different actions cost and so far, sanctions really has not produced any positive effects for the u.s. and we hear europe saying very strong, listen, you're trying to prevent us, from an economic viable project you're not going to be dependent on supplies from the u.s. and angela merkel has been vocal on this i think we have to be diplomatic about the different actions and what it costs and business has to continue and economic diplomacy is the way to move forward. >> reporter: that was the head of russia's direct investment

fund essentially telling me that business has to be separate from politics it's interesting to know what we've been seeing in the middle east, one of the situations that has improved dramatically over the last year or so is the situation between iraq and saudi arabia what about the saudi arabia and rushial situation as well. that over the last two years has dramatically improved. >> thank you for that, hadley. speaking of the middle east there say trust in the new iraq, that according to the new iraqi prime minister speaking on the sideline of the munich conference. he said he has been seeing signs in the early stages of the country's reconstruction hadley is still with us in muni munich hadley, what did the prime minister of the iraq tell you? >> reporter: we got to talk about quite a bit of politics but we also got to talk about all of that money pledged in cue bait, $4 billion coming from turkey, $3 billion coming from

the u.s. and of course, a significant investment potentially from saudi arabia as well as well, of course, with all of this money, what are the strings attached to it he seemed to be saying to me, j joumanna, he's going to be diplomatic where he puts the money. >> we have to see where the sanctions go we always have to ask for more and of course, i'm happy with it for the simple reason, there is lower oil taxes than before. all of the states are suffering with their budgets the world -- a lot in the world at last. and not that generous. having said that, i think the major motivation for this is a trust in new

all they want to be that we want to make sure we are successful and they are successful, while laying down already the framework. and what we have done, i think, the worry, as i said, it's corruption, number one, which is hiding behind red tape we have established a high er - established by the prime minister and they will make sure, during it, because of bureaucracy, investors can call on this follow-up commentary to have in any obstacles of his i think this will be a huge bonus for companies which sometimes -- in iraq, we want to keep away from this. we want every dollar for investment all donation go to the people not to go to the pockets of the corrupted. >> speaking to saudi arabia's

foreign minister and he was talking about saudi arabia's most closest relationship with your country in recent pointed out of all of the countries, iran did not contribute, is that right? >> the iranian foreign minister, i think, he took part in the conference i haven't seen a commitment from iran with that but they told us they're committed and i welcome that and we'll have to wait and see at the end of the day, it must be on equal footing, there must be neutral interest for iraq and for the other nations. and i understand you cannot achieve your interest, and taking advantage of them so, it cannot be looked for. while looking for a long-term engagement with this country >> so, no strings attached to

that money >> exactly, there must be mutual interest for everyone. for iraqis and everyone. without this, we cannot. that's why we're all steady path on achieving success >> reporter: that was the prime minister of iraq heder irbadi. he was feeling a lot more confident. and a lot of good things on the horizon. that's a very different narrative than we've heard from him in the past. speaking to the saudis, to the iraqis, the iranians as well the old adage whoever has the gold makes the rule really does apply and certainly when you look at how this impacts the geopolitical narrative, joumanna >> absolutely, thank you joining us here, you're heavily

invested and looked at the reason for a very long lotime we heard the prime minister talking about trusting and a new iraq very recently, they said they would need about $8 billion or so in terms of funding for reconstruction efforts do you think the international community is likely to get involved >> i think we've seen the international community make pledges and credits. there's a lot of interest in the stabilization of iraq. we've moved out isis now, we don't want them coming back. hadley just mentioned about the third surge in three years oil prices are at $60 and heading on up. we've seen a little bit of geopolitical tension in the region as well >> as an investor in the region, are you personally looking to invest in iraq now >> i think the key question for

iraq, the external factors seem to be heading in the right direction. speaking of the kurdish, the budget has dropped from 17% to 12.6%. we're still seeing the infighting that's almost a final part to the puzzle mostly because external investors in the region, unless you go into the stock market which is still incredibly small >> and of course, a lot of questions about government and transparency as well >> yeah, definitely. again, that was the focus of the leadership this is always a slower type of process. i think given the amounts of money coming in now, having basically dried to you for years, that will definitely be a focus and we'll look to see concrete measures on that. >> speaking of iraq, the elections are coming up, are you expecting anything >> i mean, you never know. again, i think, given the direction we see literally in the last year, and it should be

smooth sailing you're never quite sure. with the iranian influence and other influence there. >> picking up on that, we've seen the saudis, back step towards the end the year and things have seemed to turn the corner for the time being. when you think of saudi arabia and the investment opportunity are you positive on the steps that they've undertaken? >> incredibly. if there were any other country i think foreign investments would be piling into the place into the 1% of that country. and heading it would be 40% of the index. it's almost as big as india. i think south africa and saudi arabia are probably two most interesting reform stories because both of those governments or looking for investors, and that's what we like to see.

>> and you mentioned south africa, with the leadership, and you think with that analogies, a similar type of situation as in saudi arabia >> definitely, look. the different power factions and saudi arabia is now resembling china. there's effectively one power control system to determine where the nation is going and we've seen complete cleanup internally externally there are issues. but internally, they're reforming. it's only up from there, you know >> that's great. >> yeah, again, it's baby steps but it's going smoother than anyone would have thought. >> talking about oil in iraq, oil is what $60. how are you thinking about the iran deal? >> i would actually think that deal would come this year.

it will be part of this big drive to get foreign investments into saudi arabia. the saudis were a closed nation for many years because of bureaucra bureaucracy, because of fear but saudi arabia is a business and aramco is part of that that will be the crown jewel that drives it into saudi arabia, equity, debt, the whole caboodle and will be essential for the overall plan >> what makes you nervous about your investment overseas now, despite where oil is trading around the $60 mark, what is the main >> and when you look at the mechanics of someone like the saudis, for example. we've got the issues when someone does very big movements. they're always kind of undercurrents as we saw in lebanon with the saudi arabia prime minister issues and other things i think for now, the general direction is incredibly positive

and a big tailwind in the region >> and just quickly, you're invested in credits, rates or equities? >> equity investments, long and short-term funds >> thank you very much for joining. co-chief officer from tech fund managers feel free to get involved in the conversation we discuss a lot of things pertaininging to the middle east and the security conference. the address is streetsignseurope@cnbc.com or follow up with us on twitter. or tweet me directly coming up on the show, we'll go into the high-takes race of the prime minister as they ndate their favorit caides mom you called?

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rimsevi rimsevics. and prosecutors raided his home in latvia. no details of the investigation has been released so far and the prime minister has begun to choose their favorite prime minister for the leader of the ecb. luis de guindos running for the job. and here to discuss, it almost seemed like a month ago seemed to be a shoo-in. does he have a chance? >> no, according to the individuals who make the polls, no last week, guindos went on the record publicly about it and said they much more favor him as candidate because he has the issues that would be part of our

role but this is not a contest of merit it's all about national interests in politics. and he's also a very skilled politician and he's also unusually a member of the euro group that ultimately is making a decision on this new position appointment. so, he has been, no doubt, working the network as it w shaking the right hands. and obviously, they know that he is a tried and trusted figure who has taken things through pretty unprecedented times, he fought for 41 billion euros reform and the bailout from the commission and very much against brussels in that contest. but the criticism we've heard from parliamentarian that he's critical and that's what they worry about with oversight of the ecb. mr. lane has an amazing economic record he's been teaming at columbia,

more recently in dublin. he's tested. >> he needs to be in position for a couple years >> couple of years >> next, he's going to have to step down, 2019. do you think it's going to be ireland taking the ecb, the actual chief position, the governor seat could actually go to one of the core countries given they've got the vp position >> if one of the three countries gets this vp role. it's very likely it could be a consensus candidate like germany as you mentioned could take that central role to loggerheads. mr. macron has made that he would like to see the french governor to take over. instead that will put the two of

them at logger heads if that was the case it might be conceivable that one of these two nations could be at a happy compromise >> do you think there's any bearing on policy, compared to the announcement we're going to get this week? >> it's interesting, because philip lane has this incredible back story as an economist and has advised huge negotiations beyond the bank. you know, the views on monetary policy and easing are relatively well-known in public whereas, de guindos does not talk about those he believes that would lead to us believe that they would follow very much in the mold of draghi while they wait to catch up to that point there's a bit of an indication

that mr. guindos might be more boorish. >> when did yoes he take up the role >> take up the role in june. the decision will be made today and well learn more tomorrow we'll have a public opinion in front of the whole parliament. and the parliament will vote on it >> thanks for that that comes at an interesting time because we're looking at potential exit from the program later in the year, with having a lead in that position could be someone supported. head to cnbc.com for more on the comments for ecb vice president and what is exactly at stake now coming up on the show, the ceo of euronext said eune is ckroxtba we'll have more after the break. l money managers are pretty much the same.

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anif you've got a lifee. you gotta swiffer welcome to "street signs." i'm joumanna bercetche and these are your headlines president donald trump slams the fbi after its russia indictments

unleashing a series of tweets laying blame at the agency he also takes aim at his own national security adviser. >> surprised with so many russian cyberexperts available, based on how active most of them have been against undermining our democracies in the west. we would love to have a cyberdialogue when russia is sincere. saudi arabia'sprime minister excuses others of enriching revolutionary guards while telling cnbc that iran is the most dangerous nation in terms of cyber attacks >> iran is the only nation that has attacked us repeatedly and continues to attack us repeated repeatedly, on virtually a weekly basis u.s. investigator reported the software which helped daimler in emissions tests and rickitt, one of the

biggest losers in the stocks today. it is time for the lunar new year and many markets closed and u.s. presidents' day so u.s. markets are closed as well let's check in on european markets. first, let's see what the action is like there. to be honest, most trading around the stock line. ftse down 0.4% and the rest of the major indices are coming in around that line. no major action. generally speaking when it's a u.s. bank day, the currency tends to head up a bit we're not seeing large moves either way of course that will change later in the week. we've got a lot of key data coming out of the uk and in the dax, we get ecb

minutes to watch out as well as pmi data still plenty to come the first day, though, somewhat lackluster let's switch to the foreign exchange for many weeks it's been dollar weakness we're seeing a continuation of that theme euro dollar hasn't done that much dollar again finally has turned around dollar is a little bit stronger this morning, up 0.3%. and the nikkei had a strong performance in the overnight session. and a touch 0.2% weaker on the day. and that could change as we get from the data later this week. shares in daimler are trading lower after a german newspaper cited confidential documents that daimler used sophisticated software to help pass emissions tests the german inquiries to u.s. and

european investigators the document said reportedly that daimler software knew when the car was being tested and switched off emissions cleaning when tests were over daimler declined to comment on the documents. and said the carmaker is clearly cooperating with authorities elsewhere, shares in reccets is trading above the stocks 600. markets were hit by adverse commodity headwinds. and suggests over 27%. these firms saw like sales come in flat annually,while the cor figure rose. rec kitt is forecasting 13% to 14% this year. and euronext shares trading lower.

four-year core earnings were ahead of expectations saying it helps with no volatility earlier on the program we spoke with the ceo of euronext stephane boujnah >> it works well for us, but the fundamental drivers is the off cost discipline. we've reduced cost and very much the cost mixed differently because of the loss of our competitors. second, we're well going we're weathering a selection of acquisitions that are calling on us to go to the top line without any impact or deletion of the margin clearly, we're trying to capture the new environment. but at the same time remain extremely glynned on the drivers of euro sanext

elsewhere, a war of words erupted between iran and saudi arabia with the saudi minister accusing iran as being 6 most dangerous among cyber attacks. he said his country has been repeatedly attacked by iran. doing it on a virtually weekly basis. hadley sat down with saudi arabia's prime minister and asked him how the kingdom was doing with european businesses doing business with iran >> we're talking to our friends and letting them know that the nuclear agreement signed with iran is be lacking and that we also believe that the nuclear agreement itself does not help resolve the issue of iran's radical behavior which has to do with violating the ballistic missile resolution and they also did not deal with the united support against

terrorism. i think iran must be made to pay for its support of that re resolution and we believe that a large part of the country is controlled by the revolutionary guards >> what is saudi arabia's plans to tackle as h.r. mcmaster essential little said iranian-backs militias in various countries like hezbollah? what's the plan? >> the danger is that it's in lebanon over 30, hezbollah has become the foremost terrorist organization in the world. the iranians have funded the houthi and they're taking over this part of this important country. and this has to be stopped with regards to blah steps we m

what steps we may or may not take, i do not think it's proper to discuss on public television. >> meanwhile, they're also at logger heads with iran nbc's bill neely spoke exclusively with the iranian prime ministers. >> reporter: from israeli's prime minister threats and theater, showing world leader what is he said was a piece of an iranian drone >> mr. sharif, do you recognize this you should it's yours >> reporter: calling out iran's foreign minister and issuing this threat. >> we will act if necessary. not just against iran's proxies that are attacking us, but against iran itself. >> reporter: on the same stage, iran's foreign minister mocked the drone display. >> translator: as cartoonish >> reporter: and then an exclusive interview with nbc news, he issued a threat of his own to israel.

>> the myth of instability of the israeli military >> but this is a threat, mr. foreign minister >> well, if they try to exercise that threat, they will see the response >> reporter: he said the u.s. is violating the nuclear deal with iran accusing national security adviser h.r. mcmaster who yesterday urged nations not to trade with iran answer the president too. >> at least every statement made by president trump that he wants to undermine this is a violation. >> so, is it a broken deal >> it's not a broken deal -- >> you're saying the u.s. is breaking it? >> the u.s. is in violation of the deed that doesn't mean the deed -- >> reporter: he warns if the u.s. breaks the deed exactly how he didn't say. bill neely, nbc, munich.

we cannot build nations with -- that's according to the prime minister he spoke with hadley >> the good thing here in this conference, i've been meeting with civil manufacturing companies here which is a good sign that there's now an understanding that without literally reconstruction, peace and security can be achieved i think this should be the scope. instead of spending so much on ar arms and how much russia for armam t

armament, and while people are there actual need and physical need, and other agents the amount of money spent for wars here in this region, for arming the nation. and with all of the enemies around, i think this is not good for us we cannot build our nation elsewhere on markets bond investors brace for a raise after the military announced it will increase 25 billion and i'm happening to say that, the senior investment manager from aberdeen investments joins us fixed income it looks as ten-year yields are

stabilizing. do you think that a big move is going to happen? >> it's hard to say it's stabilizing just yet we got a little bit on friday, responding to a little bit of weakness quickly, i would look at the environment at the moment and say it's increasingly bond friendly as opposed to one that is starts to show signs of support. we already mentioned the widening of the deficit and debt and the fed balance sheet and there are stories going on along with higher inflation which the market has been focusing on recently which suggests that that type of bond in the investor world should be weighing on the cycle. >> equities and stock a lot, has since rebounded a little bit fixed income hasn't really come back with other credits like investment grade and high yields

didn't really panic as much as equity it's and fixed income why is that, do you think? >> i was heartened by the reaction of core bonds to the equity shakeout and it came to me that all bonds were responsive at some time. and with higher inflation, et cetera, that should be relatively supported with a dividend really talking about real returns and you've got on the other side of the risk exposures i think with credit, talking about the secondary market and liquidity, it's that's much higher because investors have become conditioned to not flee at the first sign of panic obviously, secondary liquidity is very much >> the other way down doesn't fit with bonds you've got the u.s. president saying a huge amount is expected to come with investments there's very little with supplies that come

to the market because essentially investors are still bullish. do you see that changing >> yeah, certainly, that's been part of it obviously, liquidity to debt has been real as well. in real terms there's a huge liquidity in the system. there's been incentive for companies to issue bonds and buy back and actually in the u.s. because of tech changes to issue bonds to start to close deficits that's another part of the landscape in the last 12 months or so. part of why we've seen the flattening, it's become acutely aware of problem what is might occur from having huge sheets. >> you did reduce to credits, specifically the investment

grades where are you investing now? >> well again, not the costly serving environment of being credit unfriendly. improving and synchronized global recovery that we haven't seen since the recent environment should be good and more that the asset class with front recovery. in credit, you still have to think a couple of steps ahead. again, because of liquidity situation. if you're thinking about derisking in the future, it normally takes to do that slow with liquidity in the market >> even if it means you're out of the market? >> unfortunately, you could be too early, too late, if you want to argue that liquidity being less than ideal in the credit market >> and we saw that a few weeks ago. it was a very small window that everyone attacks thank you very much this morning. james anthy from aberdeen

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welcome back to the show british prime minister teresa may said europe will remain committed after brexit she said the new arrangement should be effective for next year >> we need in the eu forge a new path for us in the world, the uk is just as committed to europe's security in the future as we have been in the past. europe's security is our security and that is why i have said and i'll say again today, that the united kingdom is unconditionally committed to maintaining it the challenge for all of us today is finding the way to work together, through a deep and special partnership between the uk and the eu. to retain the cooperation that

we have built and go further in meeting the evolving threats we face together. >> during that same conference, european admission president de juncker urged not to use it during negotiations. >> translator: we will continue to meet the security language between the uk and eu. however, one cannot mix up the questions with others that will come about in context of brexit. one must go through these point by point and we're prepared to do that put i would not let consideration of security policy and trade policy deliberations take part. i understand why some want to do that we do not want that. and in olympic news, japan has won its second gold medal in pyeongchang with the skater taking the second world world

speed skating finals she defeated with a record time of 36.95 seconds ukraine has opened his country's medal count by winning gold in the men's aerial free style. he won a tight title to beat the russians norway leads with nine golds, and nine silver. the olympic medals might be rolling in but does it pay well to win gold, silver or bronze tour your country. go to cnbc to see how much olympians can earn and allibaba to hit $143

billion. both tech giants electrical focused on trading and new retail stock this year something that alibaba describes as, quote, integration of online, offline statistics and data across a single chain meanwhile, alibaba has just announced collaboration. and with the italian exporters looking to support export opportunities by supporting alibaba.com. the ceo joins us, reading about alibaba, and the steps that they're taking the future of retail has to be e-commerce, there's no other way >> well, it's certainly the growth area for the uk if you look at in store sales, there's data out there saying it's prison much decline some of the date dal saying store sales are declining by 3%. and the growth line for online

retail is 10%. it's certainly the growth area it's not just about online not just about in store. it's about providing that growth environment. >> let's talk about the uk sales number that came out disappointing on many fronts we it expected it but didn't materialize. it was still positive but you point out in your note that three month and three month is one of the slowest growth we've seen in a while. what is going on here? is it purely a function of real income getting a hit in the uk >> it's certainly a factor if we look at inflation, inflation is stickier than we expected and it's running at five-year highs. we actually did our own research going into 2018, 30% of households say their personal finance would be worse in 2018 than 2017. so people are worried about brexit they're worried about home

inflation, they're worried about lack of savings. and all of these are combining to give a softer look to consumer england demand. >> you say that, but sales were up with games, toys, that's all discretionary spending why are they deciding to spend on discretionary spending? >> it's a positive sign but the weight across the retailer actually composed of these things pulled out. so, actually, it's not that much you're correct in saying food sales has now declined in volume terms for about five consecutive months now because of food inflation. that's certainly had an impact specifically on big ticket items like furniture, flooring, electrical and so forth and those type of goods. and those type of goods specifically quite sensitive to changing in spending power

>> so, when you think about the retailers themselves, what is your view on possibility, what are we going to see this >> sure. it's really hostile at the moment if you look at 2017, they rose about 2.9% that's sales growth through a number of retailers. things like national minimum wage, national living wage business rates, rents, all of these are combining to make operating costs you know, a difficult environment for retailers. and we don't see that changing in 2019. >> so are there any retailers where you'll watch out for where you're actually optimistic, any one that stands out in the uk secreta sector >> sure, we're quite confident on retailers, specialist retailers. some of the figures that came out in trading updates in

january are picking out people like the warehouse and really standing out from other retailers, finding their unique place in the market, offering a proposition that's different from other retailing and understanding the core cost in the market and receiving out for investments. >> thank you very much for joining us that the ceo of retail economics. and that's it for today's show, i'm joumanna bercetche there will not be "worldwide exchange" coming up next because it's u.s. presidents' day. but have a lovely rest of the day.

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>> narrator: in this episode of "american greed"... >> that woman had a gift. she had some sort of voodoo magic over these men. >> narrator: what nanette johnston wants, nanette johnston gets, and her sorcery has one aim -- turning sex into money. >> she was a gold digger. it was obvious. and he went for that. how smart is that? >> narrator: she steals multi-millionaire bill mclaughlin's heart. then she steals his fortune. but when he becomes suspicious of her spending, this femme fatale's options turn deadly. >> he must die or the money dries up. nanette needs to find somebody stupid enough, violent enough,