welcome to "street signs." i'm joumanna bercetche these are your headlines wpp sinks after suffering its worst sales performance since the financial crisis martin sorrel tells cnbc the company is realigning to change to a rapidly changing marketing environment. >> not a pretty year we can discuss what the cyclical problems are, but whatever they are, we have to respond to them. the beginning of the year is not working out for adecco

the world's biggest staffing firm sees revenue growth stall and analysts sound the alafrm bells. carrefour shares suffer a loss as the french retailer posts a 531 million euro loss for 2017. pugeot says competition in the electric vehicle market is fierce >> i think there is a dimension of growth, from 2019 to 2025, we will be at 100% of electrify ie core market. we are just getting the final pmi numbers out of europe.

this morning we had the german one which came in higher than expectations so we have got the final february manufacturing pmi come in at 58.6 the forecast was 58.5. slightly above expectations by a little bit this comes at a time where all of the pmi numbers have been particularly strong in europe. we saw a dip in the first month of the year but still coming from a strong bias i will switch to some live photos you can see that russia's vladimir putin is making his state of the union speech in moscow let's take a listen. [ speaking foreign language ].

>> there doesn't appear to be translation there. he usually holds the speech in december, this is the first year he's holding it in march many people are watching out for cluies on what his platform is ahead of the elections it is march 1st. let's look at how things have done in the past month or so, starting with the german index the german dax for february lost 5.7%, the worst month since january 2016 back then the dax lost 8.8%. if you remember january 2016 that's when we had the big chinese equity selloff february was also a dim month as far as the dax was concerned it wasn't that much different for other indices. let's switch to the ftse

a weakish month, down 4.3% as we are in the middle of trying to figure out where the brexit discussions are going and a bank of england who has decided to turn more hawkish. all of those things have been weighing on the uk index, but not as much as the dax switching to the cac, a weak month for the french index not as down as much as the other two, but still down around 3% or so that's its worst month since june 2017. back in june 2017 the cac lost 3% ftse mib, the italian index, actually had quite a waeb month. in february down 4%.

wp park po wpp saw a drop in sales. the advertising giant also posted flat revenue growth the british group is out to simplify its structure with sir martin sorrell saying it needed to respond better to disruption. >> we could discuss what the disruption problems are or cyclical problems are, whatever they are we had to respond to them we had to simplify how we operate. we have to be faster, better, cheaper in a world which is obviously being disrupted by technological developments, whether talking about factory, media or distribution. we have to change the way we do things >> he also did not shy away from describing how tough 2017 was for the advertising group. >> not a pretty year top line flat, flat down to down

a bit. bottom line plat to up m margins stable a difficult year has not been an easy year at all. we've seen better performance in the uk, some parts of western up, latin america. north america wasn't good for us last year. central and eastern europe, africa, middle east were also difficult. patchy geographically. adecco warned of slowing revenue growth at the start of this year. fourth quarter net profit jumped 38% beating expectations, but ebita missed forecasts analysts at jeffries say the slowdown in revenue will raise suspicion that adecco's momentum has peaked group psa reported record numbers for sales, profits and

operating margin in 2017 net income jumped 11.5%, while revenue rose more than 20% but the french carmaker didsee a loss in its opal division after it consolidated the unit the ceo talked about the writedown. >> we have seen in our accounting the first results of the implementation of the opal turnaround plan. it starts to be visible. that is an opportunity to become a european champion, which is extremely exciting, bringing together a french carmaker and a german carmaker. it's the first time that such an opportunity is raised. we're ahead of this opportunity. ab imb bshgb inbev saw bettr performance in brazil and savings from its 2016 purchase

of sabmiller carrefour shares are suffering their worst one-day percentage loss since last year. the french retailer posted a near 15% fall in 2017 operating profit its second straight decline and cut its annual dividend by 34% the company warned negative currency effects and one-off charges will weigh on profitabilities this year. after the break, willem will have more from the italian election trail coming up, we'll be continuing our tour of italy, the northeast city of venice where silvio berlusconi has been out campaigning for votes ahead of sunday's election

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this tech stuff is easy. [ whirring sound ] you want a cookie? it's a drone! i know. find your phone easily with the xfinity voice remote. one more way comcast is working to fit into your life, not the other way around. welcome back to "street signs. the cfo of rbs told cnbc that the bank is eager to settle with the u.s. department of justice its recent earnings report did not include an update on the settlement some analysts estimated the fine could cost as much as 12 billion

pounds i asked about the bank's latest results which saw a long-awaited return to profit >> we were actually delighted as a bank, it was a special day for us a large number of people at the bank have never seen a profit while working there. we thought last year's results were great income up. costs were down. operating profits up 30% we were pleased with the results. we are entering a new chapter as we announced last week we are going into a period of investment now we think the pace of digitalization in the industry for us needs to accelerate and we're investing to deliver that outcome. >> despite the first profits, the market didn't take kindly to the results, perhaps because it wants more information about when the department of justice and rbs case will be settled what can you tell me about that? >> we have no further update on the doj. we all would like to get it

settled. we understand it's a key milestone for the the bank it's inhibiting our ability to go back and pay dividends. so we're all focused on doing what we can to get it resolved >> you're confident whatever the fine is, you have enough capital in your capital buffer to cover? >> we've been focused over the last few years building up the capital strength and liquidity strength core tier 1 ratio is in excess of 16.1% liquidity ratio is strong. we're comfortable we can hahnal handle a doj settlement. >> you said it's close to the time for rbs paying out dividends. what's that based on >> getting that doj resolved, we can all actively engage in talking about dividends. >> i would like to talk about costs. your cost income ratio shot up

to 79% in the fourth quarter where do you see this heading in the future could we expect costs to come down >> we think we've done a good job on costs over the last few years. we've taken about 4 billion pounds of costs out of the bank. that's about 34% of our cost structure. we've been public that we want to get that cost income ratio to below 15%. it will take us another three years. we've committed by 2020 that we'll get it to below 15%. >> should we be expecting further headcount reductions >> i thinkinevitable we don't like talking about them publicly, but we're having to respond to some quite fundmental changes going on in the industry. rbs is watching brexit talks with a particular eye on the border between ireland and northern ireland the bank has significant operations on both sides

he said rbs is also expanding its amsterdam footprint. i asked the cfo about the bank's brexit plans >> we're going to have to do all of the preparations that you would expect it's to do. we're working on the basis that we're working towards a march 2019 timetable until we know otherwise. it's not just the issue in am t amsterdam. we have a big banking operation in ireland and also northern ireland. so the nature of the border between northern ireland and ireland is an important issue to us in terms of what we have to structurally do. so you'll see progressive action for us the closer and closer we get to march 2019. >> sticking with brexit, no one offered a wiser option for the irish border according to donald tusk who warned a hard border is

possible tusk was speaking in brussels ahead of a meeting with prime minister theresa may in london later today. sterling fell to a three-week low against the dollar after the chief brexit negotiator warned a transition deal is not guaranteed michel barnier was speaking after the publication of the eu's draft withdrawal treaty the draft prompted fury from the government as it proposed a common regulatory area for the island of ireland. this would mean the dcj having control over northern ireland. may will deliver a brexit speak tomorrow, ahead of that the prime minister rejected the eu's proposals for northern ireland. >> the legal text would, if implemented, undermine the uk common market and threaten constitutional integrity of the uk by creating a customs and

regulatory border on the irish sea. >> richard miles joins us on "street signs" this morning to discuss all of this. it appears the rhetoric has declined in the last couple of weeks. there's some what of a stand-off going on between the uk and the eu how do you see this playing out? >> i think the december deal was an illogical fudge there was a position saying you could have no hard border with ireland. you could also have the uk diverging from the use of customs regime and regulatory regime and no new trade barriers between northern ireland and the rest of the uk so what the legal draft said yesterday is an attack on that fudge. the reason why that's making markets react in the way they have, the continuation of that fudge was important to the stability of the uk government

and to the chances of getting a deal on -- a final deal. >> the irony, of course, is that many people did believe in the fudge in december when that was announced. what do you think the government's options are from here >> none of them are good you have maybe four ptions one of them, it would be to sort of accept the eu's position that northern ireland has to align with the republic. you have this common regulatory area that was rejected by theresa may yesterday in strong terms, also by her partners in the dup the other option is to sort of roll back on their repeatedly stated red lines that the uk will leave the customs union and single market. you have some kind of regulatory alignment between the whole of the uk and northern ireland. aga again that doesn't look likely.

the third option is to try to negotiate a new legal draft whereby you have a sort of compromise on the basis of maybe a yet to be negotiated free trade agreement and using yet to be invented technology doesn't look like a realistic option the fourth option is to walk away we may end up seeing option three closely followed by option four i don't think there's any realistic possibility that the eu is going to sort of renegotiareneg on the agreement in december. the only way of achieving that is by regulatory cohesion by northern ireland and the republic >> the eu understand the importance of the good friday agreement as well. do you think the market is complacent about the possibility of the uk walking away

>> i think the market was complacent following the december deal. what we're seeing in the last day or two is a sort of repudiation of that earlier complacency. i think that things are probably going to get worse from here rather than better theresa may's speech tomorrow, expected tomorrow, was heavily trailed last week. it's been rejected before she's even delivered it. i think that's really not a good place for negotiation s to be in i think negotiations are real risky. this is probably the highest risk point we've seen so far in negotiations and the internal politics of the uk are no better we have a customs bill coming up, maybe in april, being delayed because the government doesn't think it can win and i think there's still risk that it's fundamental position is undermined by rebels within its own party.

it's not looking good at the moment >> no. of course we're entering crunch time as we head to that all-important eu summit in march. that was richard miles from absolute strategy. italy's five star movement announced part of its prospective cabinet ahead of elections. the party has taken the unusual step in a bid to show voters it's ready for power it leads most opinion polls but it unlikely to pull in enough votes to govern on its own many polls point to a center-right coalition which would be headed by sylilvio berlusconi's forza italia. there is analysis illustrating the perceived goods and bads the center-right government led by forza could provide continuity along with fiscal

relaxation so the center right alliance would gain about 40% of the vote and forza pulling in more votes than the far right another would be the grand coalition involving the democratic party, forza and other small centrist parties this would involve forza pulling higher to the bad scenarios a responsibility coalition backed by the democratic party, forza italia, centrist parties and disgruntled mps from the 5 star would have a limited life span and prone to crisis there would be a center right government led by liga with the party gaining more votes the ugliest yoit cooutcome is pl deadlock

it would see the five star movement getting more than 30% of the vote. willem joins us from a very snow ji veni snowy venice are there any developments we should be watching for >> later today we will get more details about the 5 star's proposed cabinet luigi dimaio sending a full list of cabinet picks to the italian prime minister, sergio mattarella she faced a lot of criticism for their governments in rome and turin. but we've also had a lot of criticism of them by people like silvio berlusconi. that's going to be an interesting set of dynamics on monday if there is no majority winner as many polls have indicated what will be interesting to follow is the negotiations that continue at that point we heard from dimaio on more than one occasion, he would not be prepared to work with matteo

renzi of the pd. he's much more conciliatory when he talks about working with paolo gentiloni. in the past we have seen the center left party of renzi forming a partnership with berlusconi that's something they not wanted to talk about, but it's one possibility. i talked to someone from blackrock last night in milan, he was telling me the short-term outcome that the markets might be happy with is that center right coalition involving berlusconi and forza italia and the labor party led by silvini but i think that makes it problematic in the nemedium and long-term. the man who will have a lot on his plate come monday morning is the italian president, sergio

mattarella who will try to broker agreements between all these parties. we will likely see a number of mps affiliated to one party move over to other blocs when and if they see that as an opportunity to get them into government. >> many moving parts when it comes to the short-term, perhaps the market would like a forza win but the bigger question is the spending in the future, coming at a time when italian debt to gdp is at 130% or so. i want to ask you about your own conversations with people you met with what the baseline view is on the ground what are locals saying about these elections what is the most anticipated outcome? and who are people expecting the next prime minister to be? >> a couple questions there. in terms of the economy, it's on its fastest pace since 2010. that's a positive. they have not seen unemployment in italy come down nearly as low

as they would like that's something we hear from every candidate, they're trying to find jobs we heard from the northern league, they are key not to go has the in hand to the european union. the leader of the marty made it very clear that he would very much like to be prime minister the "gentleman's agreement" he has with berlusconi means that would only hatch if he and his pa party get a majority of votes. gentiloni looking like a favorite candidate for his pd, but also the former press spokesman for berlusconi, he was with berlusconi back in '94 when their party was founded. he is midway through a term as president of the european parliament he has been tipped as a likely prime minister candidate he has not commented on that

possibility. >> willem, thank you very much for that and answering all of my seven questions there. coming up, choose your words carefully. new fed chair jay powell makes his first public appearance before the house and senate this week for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. dawn is serving up dinner for a whole town! that table was like... so big! can one bottle of new dawn clean all the dishes? we did it! 6,000 dishes!

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i'm joumanna bercetche these are your headlines wpp sinks after suffering its worst sales performance since the financial crisis ceo martin sorrel tells cnbc the company is realigning to change to a rapidly changing advertising market >> not a pretty year we can discuss what the cyclical problems are, but whatever they are, we have to respond to them. carrefour shares suffer their worst one-day percentage loss since a profit warning from august of last year as they post a 531 million euro loss for 2017

peugeot will push to pass its 2018 targets the ceo says competition in the electric vehicle market is fierce >> i think there's a dimension of brutality from 2019 to 2025 we will be at 100% of electrified psa core models. so we are in this dynamic and we are coming to the market at the right time with the right te technolo technology. and vladimir putin said falling behind is the main threat for russia and that the company needs to be open to the world and new ideas. we have also just got the uk pmi numbers coming out of the uk we had them in europe just a half hour ago. and we can see uk factory pmi slipped to an eight-month low in february the uk february manufacturing pmi came in at 55.2 versus 55.3

in january the reuters poll had 55 as a consensus, still the numbers seem to be dropping. the momentum seems to be waning. the uk february manufacturing pmi output component is the lowest since march 2017. it is also the 1st of the month. let's look back and see how some major indices in the world did for the month of february. starting off with s&p, you can see it was a tumultuous month. it ended month about 4% lower. of course a lot of volatility for february overall s&p 500 did end the month lower. if you look at some of the details there, one of the worst performing sectors was the energy complex, down more than 11%. consumer staples were down 8%. that's the worst it has been since 2008 home builders down 10%

a lot of that was on the back of the rise in fixed income yields we saw switching to dow, there again similar kind of moves in dow for the month. february dow was down 4.3% a lot of volatility there. switching to the nasdaq, the tech sector, for the month it outperformed the s&p we did have some reasonably good earnings coming out of the sector let's not forget while we had a bit of a technical shakeout, the earnings picture in the u.s. is strong you can see that in the nasdaq which only was down 1.9% or so for the month of i just talked about the yield complex. let's look at how ten-year yields did we started off february at around 2.83. the irony is we're probably ending the month pretty much in line with where it started off in february. so all of that gyration.

all the focus on fixed income, the big selloff, move to 3%, all of that taken on a one-month time frame appears as though things are settling in fixed income complex dollar, because there's been a lot of focus on the u.s. dollar since the beginning of the year, it posted a good month for the month of february. up 1.8%. that's actually the best month it's seen in the last year it is the first positive month in the last four a lot of people were asking questions about why the dollar had been trading so week at the beginning of this year given the strength of the economy, given that the fed were about to embark on a series of rate hikes in february. a lot of that has turned around. now we see a stronger u.s. dollar let's see how u.s. futures will open today it looks like the dow is seen opening up about 15 poichb poi stronger this after a weak session after

yesterday's trading. speaking of powell, he will make his second appearance before congress later today the chair of the federal reserve spooked markets on tuesday and yesterday after some investors interpreted his comments to the house financial services committee as opening the door to a fourth rate hike in 2018 with powell due to speak before the senate banking committee, fed watchers will be listening for more clues on what the fed will do next we'll get a take on powell's performance from someone who used to have the jog our u.s. colleagues will speak to former chair alan greenspan today at 16:00 cet and the global deputy chief investment officer from credit suisse now joins me on the set lots to talk about let's start with powell and his testimony. do you interpret it to be as hawkish as some market participants take it to be >> i don't think we should be

reading too much into this it's one of those things that gets you nowhere it's interesting that you mentioned alan greenspan alan greenspan took the job in 1987 1987 was a year with a number of parallels. then as today investors were asking themselves could we facef having too much of a good thing, overheating economy, rising yields and forcing the fed to step on the brakes in 1987, yields rose, and that compares relatively speaking to the yield pick up that we've seen in recent months from 1.7% to 2.8 we had a new fed chairman, and there were concerns that he might step up the brakes because

of recovery in inflation >> one key difference, the inflation picture was different then the big question today is whether or not the inflation pick up we're seeing is real or whether it's transitory. where do you stand on the debate >> that's at the heart of this debate in 1987 inflation was like toothpaste once you got it out of the tube, it was difficult to get it back inside today's inflation is very unlike toothpaste because it's transittotransi transitory by nature you need to do a deep dive and go line by line every item driving inflation. and most of those line items are self-defeating they are salary increases, which are the result of temporary bottlenecks in labor markets >> one-offs. >> one-offs. >> and that's it >> what's driving inflation? there are three possibilities,

the labor market, consumer market, commodity prices so the labor market has had these one-offs, and we'll continue to see them if the economy keeps going strong that is nothing to worry about hardly anyone has got inflation indexing in salaries >> it's difficult to get this trading environment right. there's so much volatilitygoing on in equity space, dollars, as people were getting around to the view that dollar would be weaker t r er tshg weaker, it recovered in february yields have rebounded. where is leadership going to come from? >> look, i'm an investor, not a trader i believe you make money from what you own, not from what you trade. i believe in investing patiently, and leveraging strategic opportunities. >> where do you see that now >> so, with everything that's been said just this morning,

technology is an interesting point in case. a lot of investors still misunderstand technology to be highly cyclical, but it's morphed into an industry that is much more defensive. all the companies that we have heard this morning that are under tremendous stress because of disruption are having to invest into technology to raise productivity and add to that the high cash generative power of the sector, you can see this is a sector that will continue to do well in this environment, both in the good side, on the sunny days and rainy days >> and snowy days like today in london one of the top stories in the u.s., one of donald trump's longest serving aides is stepping down as white house communications director. the announcement came a day after hicks testified before the

house intelligence committee over russian election meddling the white house said hicks' decision to resign was not the latest to that she's the latest in a long line of aides to leave the white house. president trump called her a great person whom he would miss having at his side adding that he was sure they would work together in the future walmart has raised the minimum age to purchase guns to 21 america's largest retailer said it made the decision in light of recent events and would also remove toys and other items from its website that resemble assault rifles the move came after dick's sporting goods also raised its firearms purchase limit to 21. we've had a lot of things to discuss on the show today. get involved in the conversation, the address is streetsignseurope@cnbc.com if you have views on the italian

elections, how thing also play out there, tweet us @streetsignscnbc after the break, willem joins us again with an exclusive interview as his italian election tour continues. coming up, we'll talk to the chief executive of bower hotel group about the uncertainty around this week's election and what it could mean for businesses and investors these birds once affected by oil

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welcome back to stre"street signs. we've been looking at the key indices for february oil was very much in the topic of conversation for the month of february for the month itself it ended down 5.4%. energy posted one of its worst months in many years, the coal complex in its entirely was down 11% for the month.

this is despite the opec production cuts, there's been increasing amounts of anticipation of u.s. ramping up production on the shale side that's been weighing on the sector the s&p 500 energy complex is down 11% speaking of oil, exxonmobil is exiting its joint ventures with rosneft the u.s. oil major was due to the impact of u.s. and european sanctions. exxon will formally start the process to withdraw this year, but it's project off the eastern coast of russia will not be affected rosneft said in a statement it sympathized with exxon saying the company was forced to make the decision and will suffer serious losses as a result russian president vladimir putin says falling behind is the main threat for his country. in his state of the union address, putin said russianeed a break through in living

standards. he said the government would spend 3.4 trillion rubles to support family and growth during that time and that it will double spending on infrastructure and city development to achieve economic goals. italy's manufacturing growth has slowed sharply ahead of sunday's elections february's pmi figures came in at 56.8. sunday's election is widely anticipated to result in a hung parliament willem is still in venice. i believe you are joined with a guest. >> i am. we're joined by one of the business leaders of this region and of italy, she's the chief executive of the bower group we're inside the iconic bower hotel here i want to ask about these elections. what do you think it means for investment opportunities for italians and for those outside

italy when it comes to businesses here. >> good morning. thank you for being here i'm very honored to be able to give my outlook at what i think italy and venice are interested in, offering and interesting the economic world internationally we know very well the big companies have been really on the resurge nlge of many investi the last 5, 10 years i think this will not be stopped by evolution in politics for one simple reason, the people in play now are still the same that have been running the country for the last five years. so somehow it would be more interesting for italians at some point than for foreigners.

italy is like a playground the companies are very attractive i sit in the board of altaga m&m& msh and many of those companies got a minority shares by investors or by funds from abroad. this would keep being with no worry. foreign companies will not be affected so much by taxes and relationship of bankers, because there will be backup by bankers outbound that's ine that's one of the two reasons why i think for italian company to hold on to their companies, it's the problem >> i think it's interesting, you

had a lot of firsthand experience dealing with the italian banking sector yourself, it seems like that's slowly returning to health. we've seen a lot of bigger banks say their earnings are back on track. a lot of nonperforming loans that were a problem in italy seem to be slowly being reduced from their balance sheets. when you look at the importance of the banking sector, do you think italy now has that core capital strength in its banks to help businesses like yours continue to grow >> i don't think so so much. it may happen in a few years from now right now -- when you lose an opportunity, so your trust towards the banks, for example, for too many years it's been lost then you divert to funds, which everybody is doing now in order to go back it's not enough that you say i will lower your rates or interest rate. no it's a different kind of

attitude cthat is not real but i an opportunity of growing your company, then you go that way. maybe it's very small enterprise at the beginning, they're not very attractive, and they may go back to banks. but i don't see this huge trust. >> that's a big change, a long-term change that businesses are looking for private funding rather than from the banks >> absolutely. this is now the new trend all over the world >> one final question ahead of election results that will come on sunday night and monday morning. is there any result -- there's a lot of variations here as to which parties join which parties. is there any result that you as a business person are worried about? >> it's to the what i worry, it's what i would wish it's also not for a business person but as a citizen, these

two things are related i think a country needs to be very strongly the buyers of their own goods. in any aspect. so we need more money to people to spend in their own country. that is the only possibility to start all over the economy machine in italy someone said yesterday they proposed in america to add a point of interest on taxes to people just to make them buy. that's the only way. if you're only referring foreigners to come and buy in our country, that's not going to make us grow at all. we need italians to trust and buy in their own country

try to lower the pressure of taxes, if not try to make people trust government again >> thank you very much for your time this morning. back to you in london. >> thanks for that the global deputy chief investment office for credit suisse is still with us. how do you think about the elections in italy do you think the result either way will prevent some investment opportunities? >> i have nothing to contribute in terms of who will win or lose the election, we will see. but my two cents on italy is some things work, a lot of things have suffered from decades of negligent who works in italy, they have a great entrepreneurial tradition, culture, heritage. but italy also suffers from an

angry society. a lot of people feel they have not benefited from the blessings of globalization a lot of people feel that life was better when they still had the lira you know what? they're right. but it wasn't for the introduction of the euro it was because those were truly better days >> you say that but another country where there's a similar type of anger was in france. what we're seeing there is a bit of an economic renaissance you know, you get in mr. macron, you had the emergence of somebody who grappled both sides of the equation and has set across this trajectory of a center-right sort of agenda. do you not envision something like that happening in italy as well >> i wish it did look, what's wrong with italy is not difficult to point to. if you invest 1 million euro and

start a shop in italy, the trouble is you can have a good outcome and a bad outcome. if you're lucky, you're making lots of money with your shop, next year will you turn to the state and pay 66% of all your income to the tax man. if you're unlucky, things don't work out the way they should, you find out the people you hired are on a two-year notice period so what you considered initially to be variable costs are now fixed costs. i mention this as an example to show what's wrong. when you look at europe over the last 40 years, the way i read it is every decade one surprising winner stepped forward with bold reforms. it was england in the 1980s. followed by sweden in the 1990s when it was broke. followed by germany at the turn of the millennium, and now

france's turn. mr. macron is doing precisely the similar woes that italy is suffering from my two cents is france will power ahead first, and italy will take longer >> let's see what happens. thank you very much for joining the show this morning. as you can see from willem's report earlier, europe is gripped by a blanket of snow in britain, rail, air and road transport has been affected. there is a yellow weather warning into saturday and hundreds of schools have been closed and hospitals have had to cancel certain procedures. rail systems in the north and east of britain are worst effected the london underground has been hit by widespread delays for a second day glasgow airport is closed and there have been delays and cancellations at other airports. in france large parts of the

country are on high alert for dangerous snow, ice and violent winds. conditions will remain this way until friday further east in poland, the intense cold has frozen large parts of the lake district creating bizarre formations. ice floes brought river transport to a standstill. let's see if any of this snow and ice is impacting trading it appears it is dow is seen opening up about 70 points lower s&p opening up about 5 points lower. that is it for today's show. "worldwide exchange" is coming up next. we use our phones and computers the same way these days.

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in like lion wall street looking to roar back to life in march after the dow snapped its longest monthly winning streak in 59 years. walmart lifting the minimum age for gun buyers to 21 the s.e.c. reportedly launching a sweeping probe into digital currencies full details ahead it's thursday, march 1, 2018 "worldwide exchange" begins now. good morning welcome to