prime minister theresa may is set toup mp's on the latest round of brexit talks. zbroof we have said we are ready to listen to you, and i think this listening mode is positive

wrk what utsz can with you do? mult accidented ball is in the camp of the union ited kingdom. they don't know what they want to do. >> tiremakers with it as the french firm vows to deliver further profit gains this year despite challenging conditions and all that glitter is not gucci. shares slip despite boosting a record proflt it in 2018 as the luxury group falls short of rivals good morning, everybody. well, u.s. markets saw relatively marginal moves in yesterday's session. we had the dow post its first four-day losing streak of 2018 it was down only a fraction down minus .2%. still somewhat lackluster activity that all changed overnight very strong asian session.

nikkei index was up more than 2.5% also convincely coinciding with a 20-year anniversary with the bank of japan starting its quantitative easing program. been going on for 20 years now markets were definitely trading a little better. better tone for both japanese equities, chinese equities, and here on confirmation that one, a potential shutdown will be avoided this week, as there seems to be some form of an arrangement in place in congress u.s. congress that will avert the possibility of that happening. second is the skugs when it comes to the trade side of things as well that helps give asian equities a bet of a boost overnight again, the same thing is playing out in europe. this morning we've got euro stock 600 up .7% you can see the mood board behind me. we're trading 80% in the green positive start to the day. let's get into some of the individual indexes to see the breakdown. it is green across the board ftse 100 up half a percentage

point stronger today all eyes will be on theresa may. she will be addressing parliament and apparently urging mp's to be a little bit more patient when it comes to the negotiations and talks with brussels on thursday the mp's will be given an opportunity to vote for amendments on the final deal a lot of ongoing things going on in the background there when it comes to the political back drop, but generally speaking, the markets continue to brush some of the concerns off we are seeing ftse 100 trading much firmer today as well. the dax up 1.2%. a strong performance as well as i mentioned in line with some of the positive sense e sentiment we have in china overnight too playing into the export sensitive german index there cac also up .9%, and ftse maybe, italian index, a lot of noise there, but yesterday the theme was one of a positive day for the itsian banking sector after the ecb applied a slightly lower than expected capital

requirement for some of the banks. ftse slowly approaching that 20,000 mark wrub up 170 points or so. .9%. in terms of data, there isn't a lot to watch out for today, but we will be hearing from phillip lane, who was just appointed the new ecb chief economist. switching to sectors, though, we've had a heavy day in terms of earnings. right at the bottom, we've got the measure down .1% on performing the main underperformer here is -- the stock is down anything from 7% to 8% on very disappointing earnings and a larger than expected loss for the first quarter of the year. it's pulling down all of the other names in that basket as well real estate, the defensive sector also relatively underperforming at .1% retail up .2% as well. up at the top we've got autos. very strong day for autos up 2.5% this has been led by the outperformance of the tiremaker michelin the french tiremaker that stock is up more than 10% and helping to lift other names in that basket as well

they reported better than expected earnings given some of the macroheadwinds and also the structural headwinds in that industry surprising outperformance there. chemicals also having a good day. one of the leading names in that basket 1.2%. technology also leading the gains. pretty positive picture across the board for european equities this morning it was a big day for corporate. michelin in focus boosting the auto sector. they promise to deliver a gain in profit this year after the french tiremaker reported better than expected full year revenue. now, recurring operating profit for 2018 also beat estimates despite a "difficult economic environment. the french tire maker also predict a dip in sales to car manufacturers in 2019, but said that would be offset by modest growth in replacement demand in other corporate news, caring has reported record full year

profit as its key gucci brand once again outperformed its rivals the famous ilgs italian label made up more than 80% of the operating -- overall kering posted a 24% rise in fourth quarter comparable sales slightly beating estimates the conglomerate says the chinese business has remained dynamic, despite concerns over cooling economic growth in the country. and in other corporate news, thyssenkrup has a 70% rise in fourth quarter profit. the german steel company also posted an 8% rise in orders and backed its full year outlook, but warned of growing macro economic uncertainty and at the bottom of the leaderboard tui has seen its losses deepen aafter a summer heat wave across northern europe took a toll on its operations last year. the travel group saw its underlying loss grow from 36.7 million a year ago tui has cut its guidance saying it can no longer achieve at

least 10% in ebida growth over the next three years ceo fritz h uh-huh sen described the market as challenging and said customers are buying products, but at lower prices. theresa may will give an update on breck xit negotiations may is seeking changes to the withdrawal agreement after lawmakers expressed concerns over the irish backstop. now, the e.u. chief brexit negotiator has warned the u.k. that something has to give in talks over the backstop. speebing in luks emburg, they said the e.u. is determined to orderly an orderly brexit. they also met with -- where constructive talks were held according do a u.k. government spokesperson speaking after meeting with luxembourg's prime minister,

barnier stressed the current deal offers the best chance of a smooth brexit. >> translator: we're not there yet, and the remaining time is extremely short. the presidents of the e.u. institutions reminded us, as was just said, that the withdrawal agreement, as we concluded it last november with, not against, theresa may's government, including the ier incompeterishs the best way to proceed with the do united kingdom >> what's interesting is that there are many reports saying mrs. may is likely today to stress to lawmakers that they need to be a little bit more patient in terms of how these negotiations are going and in terms of the possibility of extracting concessions at least from her perspective, she sounds optimistic that there are actually, indeed, concessions to be extracted. are there any new developments in the last 24 hours >> i mean, not in terms of any concrete concessions being

granted, no. we had obviously this meeting involving michelle barnier and steven barkley mr. barnier said that talks will continue in the coming days. he had been in luxembourg earlier, as you just heard, and had stressed that one proposal he liked the look of was that put forward by jeremy corbin just last week, and this very much chimes with what we've heard from giva hoffstat, and indeed from others, including michelle barnier's deputy yesterday in berlin saying that she thinks more attention need to be paid to this customs union membership proposal that labour have had on the table for two years and that jeremy corbin is explicitly demanded theresa may pay attention to, although she's refused to do so i had a chance a few minutes ago to talk to pierre, the luxembourg finance minister, and i asked him whether this idea of the europeans welcoming a customs union membership was going to be enough potentially

to get this deal in theresa may's words, over the line take a listen to his response. >> the 27 countries have been extremely patient with the united kingdom after the results a couple of weeks ago where we could see that her position and majority couldn't agree on anything and that, in fact, the united kingdom doesn't have a position. we've said we are ready to listen to you, and i think this listening mode is positive what else can we do? i mean, the ball is in the camp of united kingdom. they don't know exactly what they want to do, so they're launching ideas out there, and i think it's fair and positive that we say we are ready to listen it's very late to come with such proposals. one can be in favor of a customs young or against it would obviously solve quite a few problems, would avoid long

cues of trucks and would on the 1 st of april when brexit happens, it would avoid many problems, but it's up to the united kingdom to decide >> he also said that if you leave aside the merits of demerits of membership which has advocates arguing for both sides on that particular issue if you look at this politically, he said that he thinks theresa maytag that opposite proposal from jeremy corbin would be disastrous and split her party because jeremy corbin has put her name to it, and it's toxic in westminster that's a challenge if she is looking to break this deadlock, if she finds, again and again, that europeans aren't willing to reopen the withdrawal agreement, aren't willing to make any substantial legal changes to the more northern irish backstop, she goes for a customs union as a way to avoid problems on the border of ireland. that's going to be difficult to

get her colleagues on board with the deal >> thank you very much, as always, for that clarity well, coming up on the show egyptian billionaire nagid says china has been taking advantage of other countries for years more from abu dhabi when we come back 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 discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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u.s. trade representative robert lightheizer, mnuchin and lu are due for talks thursday and friday now, we are joined around the desk in the studio by janet moi, economist from cavanaugh capital. what do you think of the rhetoric we've heard over the last couple of days in terms of an optimistic tone around u.s.-china do we see a deal struck? >> well, i think that would be a deal at some point i don't believe that both sides

want 25% tariff to go ahead because that would be too much economic damage. if you look at the data, the last quarter of last year for the u.s., the manufacturing sec sector is really starting to feel the heat. donald trump, he sounds like he wants a deal because i think he wants some boost to the stock market and probably his approval rating, which is at record low at the moment. i think china has been making concessions to the u.s i think there are signs that both sides do want to make a deal >> i just want to pick up on your point about the manufacturing sector being under pressure in the u.s. is that going to be the breaking point for president trump? >> i think it would be potentially because i think that is his main supportive base. especially in the car agriculture session, and i think china is making one big concession you know, the agriculture ar sector is -- i think that's an

tractive offer for trump >> about one year into this trade war, more or less, taking a step back. clearly, there have been losers on both sides. as you mentioned, manufacturing activity in the u.s. has slowed down some of the agricultural products as well have been hit farmers. china we're seeing a detectible slowdown in activity as well do you think the fact that china are offering such big concessions when it comes to importing for their soybeans, when it comes to looking to narrow the deficit it has with the u.s., just objectively speaking as an outsider, the u.s. has perhaps been a little more successful in extracting concessions from china than the other way around >> i think in terms of the economic exposure, china is obviously the one suffering more you can see that last year the stock market in china has been underperforming significantly versus the u.s., but that has narrowed towards the end of the year i think because of the economic ek posure of this trade tension, china is suffering much more, and that's why the u.s. has been quite successful so far in

getting concessions out of china. i think there would be a point in time where, you know, china will only accept reasonable compromises. >> right so we're getting closer to that point, as you say, because president trump doesn't really have the incentive to apply extra tariffs here given its approaching the says next election just in terms of what resolution we're going to see yes, we could see something potentially a deal on the good sighted of things, but until intellectual property, the technology transfer, i mean all of these types of issues will presumably take a long -- a lot longer to be resolved, and the question is whether or not that adequately being priced in as well we're not going to get a solution that's going to comprise every single faction, are we >> i think the agreement will, at best, be, for example, delaying the debt line of the tariff increase. potentially getting rid of the 10% tariff, but i think overall

the trade tension will still be in the background because you are absolutely right on the intellectual property theft issues china has started to address that they have set up a court to deal with this later last year just to address to u.s. demand, but i think whatever china does on the technology side or intellectual property side is not going to be enough to satisfy the u.s. >> now, the march 1st deadline is fast approaching. if we do get an extension on the tariff increase, with little evidence of progress, but just an extension, do you think that would be seen as a disappointment, or would it be taken as a good sign >> i think it will be taken as a good sign. i mean, i think some of that possibility of a deal has been priced into market because you have seen some big recovery in the markets, but i think it's not fully priced in. people are still quite uncertain whether it is going to be delayed or there will be agreements or if there is a delay at least i think there will be a relief in the markets. >> and just in terms of going back to what we're saying about intellectual property huawei has

been an ongoing issue. secretary of state pompeo is doing a trip actually around europe and is looking to influence perhaps some of the countries in terms of their own adoption of technology how successful do you think the u.s. will be in influencing others and other countries around the world in terms of adoption of this telecoms equipment maker and does it matter >> well, i think the u.s. may probably secede in more developed economies because i think they're more conscious these accusations are unfounded, but i think these developed economies and more concerned like the u.k., for instance, but i think that the u.s. probably won't have as much influence on emerging markets, such as the places like eastern europe, the countries that the secretary of state is visiting. i think that's because the trade exposure, for example, for these developing european countries

with china is actually much larger for example, 8% of developing europe's trade is with china, but it's about 4% with the u.s., and i think the china infrastructure, economic program, such as the belt and road, eastern europe countries are going to benefit i don't think eastern europe countries will like to stop using chinese products because i don't think they want to damage this relationship, and i think the u.s. -- they're trying to influence it at a really late time already i mean, the huawei technology is already widely recognized as very reliable, very cost-effective, and i think this affordability issue is really important for countries with relatively lower levels of gdp i think the influencing part from the u.s. in eastern europe countries comes a bit too late >> i think as the economic incentive is there thank you so much for joining us today. janet mui, global economist from

casanove capital he adds other western countries should be concerned by the chinese equipment maker. nice segue from our conversation there. had sli in abu dhabi and has been speaking to mr. sawiris, and it's interesting coming from a man like mr. sawiris who has all of this expertise in the telecom space, visa vi these comments about huawei. what more can you tell us? >> well, we've been talking about this very topic for a long time now specifically, to the point about huawei he does seem concerned not just about what this equipment will mean for security in places like egypt, china, the united states and europe as well, but he is broadly concerned about what it means for this u.s.-china trade spout. he is essentially telling me there that china has been taking serious advantage of western companies and the west generally for years now that it's time to put a stop to it, and he feels that president trump is moving at least at the moment in the right direction.

of course, this is the one who isn't adverse to going into difficult places to invest he holds the only telecom license in north korea he has done that for years now he is one of the first prop ownents of president trump's efforts to get in contact with the north korea arnz, to get to the table with the north koreans, and he told me he still remains positive on that score as well. but i asked him, then, what's happening at home? i asked him about my interview back in late 2017 with the president. he was saying to me there when i asked him about term limits, he said he would serve at the will of the people. he would search within the term limits stipulate lated by the constitution, but as you may well know, they are looking to change that constitution now, listen into what he had to say about what's happening today in egypt >> they executed all the demands of the imf because this was for the good they were right with the foreign policy we have the higher reserve and stability in the exchange.

while it's not done in the best way, i believe, which is full privatization, but it's a step in the right direction they're not right when they increase government competition against the private sector, which is happening right now. in that respect i don't think this is good for private sector. in their defense with the bridges and so on, this has been very good. it says also stimulated economy because maybe they think the private sector is hesitating, which is not we're just looking for opportunities. they were right in a lot of things, and this one, i don't think you were right about when

they went to the private sector. >> earlier this morning i did have a chance to sit down with saudi policy makers in a private session taking a deep dive into what's happening in the kingdom today, and one of the big questions on the minds, of course, of investors not just here in abu dhabi attending the conference but more globally international investors are very, very worried about what's happening there in terms of transparency and in terms of authority, in terms of what's happening with mohammed, the crowned prince of saudi arabia in terms of everything that we've heard over the last several months in particular this investigation into what's happened as well i had the chance to then catch up with the prince he isn't today a member of the government, but he is a member of the royal family, and i asked him about that as well as about the challenges he sees facing the region today >> the leadership in iran has developed into a paper tiger with steel claws the steel claws are the militias that they have established throughout the middle east, whether it is hezbollah or the

houthis or the various militias developing in iraq and syria the main purpose is to further iran's influence and its domination over the areas in the middle east. look what's happening in iran. there are bred lines, demonstrations, spontaneous demonstrations in all of the cities in iran we've seen huge protest that is have taken place with people chanting "why are we helping syria? why are we helping lebanon let us concentrate on iran it is that coif government -- it's a dysfunctional government. >> do you think we're close to seeing a regime change >> i don't know. i think it would be premature to try to predict anything of that sort definitely listen to rohani. he is saying that iran has never faced such a difficult economic

situation. >> auto i hope with mr. trump's sanctions, we're going to see a change of the conduct of the leadership of iran the iranian people are the first victims of this leadership >> when you take a step back and look at what you've seen over the last ten to 15 years coming from the united states in terms of their foreign policy, what's happening in afghanistan with the withdrawal of troops, what's happening in syria as well, is the united states getting it right in the middle east >> unfortunately, i think the

u.s. has made wrong decisions. when they invaded iraq, for example, i think that was a wrong direction. i remember at the time i was ambassador in the u.k., and i was interviewed about that situation i said i hope that the u.s. will not be precipitous in leaving iraq as it was in getting into iraq. unfortunately, the bush administration and then the obama administration and now we see mr. trump taking out american influence troops from iraq i sympathy it is wrong especially at this juncture when we see other ambitious and if you look men eflent forces trying to take advantage of that.

>> he has been in south america, he has been in north korea as well i asked him about investing in saudi arabia, and he was very, very forceful when he said no, i have no interest in investing in the kingdom. i need to see some kind of transparency and rule of law first. i said, hey, says a lot of people would say that something that egypt struggles with, and at the same time it doesn't make it right when it comes to human rights it doesn't make it right when you can't get answers from the government, and he seemed to think that saudi arabia at least was not the place to put his money. guys >> very interesting. hadley, thank you for being with us from the summit there in abu dhabi. bob dudley speaks exclusively to cnbc about his outlook for the oil price and the state of the broader energy markets stay with us

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welcome back to "street signs. these are your headlines equities open higher following

asia into the green as signs of a shutdown deal in washington and optimism over ongoing trade negotiations in beijing. u.k. prime minister theresa may is set to update mp's on the latest round of brexit talks as luxembourg's finance minister tells cnbc there is little more the e.u. can do. >> i think this listening mode is positive. what else can we do? the ball is in the camp of the united kingdom they don't know exactly what they want to do. >> shares race to the top of the stock 600 bringing fellow tiremakers with it as the french firm vows to deliver further profit gains this year, despite challenging conditions.

europe anne markets have now been open for just over one and a half hours, and we are seeing equities hold to the early gains. as you can see, all major regions are trading in positive territory. the real outperformer of the bunch is the dax up about 1%. >> today in europe a lot of the focus really is on those single stocks with several corporate earnings in focus as we've been mentioning, the auto sector, the key outperformer of the day boosted by a strong report from michelin, and at the bottom of the board, we've got travel and leisure. really it is a positive day overall. let's get a look at fx markets the dollar has been a key focal point for investors.

it has been positive for eight sessions as of yesterday. certainly, this theme of dollar strength is one to keep an eye on let's take a look at u.s. futures yesterday with a fairly muted day stateside. we saw the major indexes and in sort of mixed territory. right now we are looking at a positive start the s&p 50000 looking to open about 14 points higher the dow jones looking at a 140 point higher open. then the nasdaq also looking to open in positive territory looks like the signals from asia now here in europe are going on filter through to the u.s. session.

the british airways level was set, and it would suspend voting rights and force the sale of any shares acquired by a relevant non-e.u. person. the airline group added that u.k. citizens will not be subjected to the buy-in cap. and businesses in the u.k. have a renewed urgency to roll out no deal brexit plans. i'm happy to bring in alexander, global head of research and analytics at s&p global ratings. just -- let's just with the broader rating of the u.k. as a whole. s&p downgraded the u.k. right after the referendum in june 2016 as of now it's double-a rating with a negative outlook. there have been no further developments since then on the rating side of things. can i just ask you, as we get

closer and closer to the deadline, what assumption are you working on are you working on the assumption that the u.k. will smoothly enter into transition deal do you have a view in s&p view on what the final trading relationship is going to look like >> so our base case for the rating was on the sovereign entities in the u.k. remains that of an orderly brexit, although it might be delayed we acknowledge there is a significant risk of no deal and, therefore, we've published that report last week where we've really tried to lay out for the investors what could be the implications on the ratings, and just maybe starting with sovereign because you mentioned the negative outlook on the

sovereign. indeed, the negative outlook reflects the risk of sustained economic weaknesses or deterioration in terms of a disorderly brexit. >> in the analysis we underline the rating actions one, first, would be for through a change of outlook to negative. that's mostly for the entities that would not maybe be impacted by an bankrupt change, but, rather, overtime through the economic weakness and scenario it says that the economy hereby in the u.k. would go into recession in 2020, but there

would be a loss of gdp versus the base case. essentially entities would be impacted through the weaker economy impacting on the credit metrics are likely to go on a negative outlook, and entities might be impacted more short-term by loss of competitiveness or operation or challenges that might be downgraded >> and in that, just going to the last point, so twiel down grades, are those also the sectors that are most highly sensitive to value chain, supply chains as well, and if so, what are the main sectors that you are focused on there >> first of all, i would like to say the entities that are most at risk of down grades are a negative outlook we have some in transportation infrastructure, for instance we have raised the automotive industry retail, real estate. there's alls big public sector we have half of our entity in housing associations universities are at risk of downgrade as well.

>> you could give us clarity on that view, and then also, how important client preparedness for a no deal brexit is in terms of the impact on the banking sector >> i think banks have been preparing for the worst for a long time. they're very advanced in their contingency plan we differentiate with the u.k. balance, which are more domestically focused, and these might be more impacted by the weakness in the u.k. economy and it might be in business solve ensy for the international bounds that are currently operating out of the u.k. they're already --

new licenses to operate -- overall, you're right. i think what's important to rely on in the study is that we tend to have the larger entities, beth on the corporate side and banking side, and these inat this time have already done a lot of work on their contingency planning we see starting stockpiling and changing some of the supply chain. they're getting more rating. i think where the impact might be more important is for smaller businesses or companies in a might not have that level of preparedness >> it's something that the governor referenced last week. he said that people are not prepared for the effects of a no deal brexit. >> that is alexandra, global head of research and analytics at s&p global ratings. now switching gears from the u.k. spain could be headed for an election as soon as able due to

a budget crisis. the ruling social party and -- broke down prime minister pedro sanchez could be forced to call the vote if congress rejects his 2019 budget in a vote tomorrow. according to state news agency efe, sanchez is considering holding it on april 14th have to point out that spain is one of the bright spots in the european economy, despite the political deadlock that's going on there another country we've talked about a lot, italy's ruling party has drafted a proposal that would allow it to sell gold vooevs by changing the constituti constitution the italian deputy prime minister has said the notion of selling the bank's gold to fund populist spending plans is an interesting idea now, speaking to reporters yesterday, salvini said the reserves were the property of the italian people and no one else in a tweet league economic spokesman claudo said, in part,

"nobody wants to sell the ingots in fact, quite the opposite. we want to prevent oefrz frtherm having their hands on it." >> bp ceo bob dudley has told cnbc in an exclusive interview that the price of oil is within a ban that suits both producers and consumers. dan joined us with more from cairo. what more can you tell us about that interview with bob dudley >> we were fortunate enough to speak to him at the conference, which is happening right now he announced that bp intends to spend 1.8 billion dollars in egypt in 2019. that is very significant for the second year in a row it means that bp is spending more in this country than any other country in the world

this is interesting as well. he said there's a flurry of uncertainties in the market that could lead to a potential energy market crunch over the next few months. the opec plus countries agreed reduce production in the first quarter. we don't even really have data from it. we'll have to see what the data looks like, but the markets feel tight to me, and we plan bp on this fairway, which i think is good for the world between $50 and clars 65 wrash that's good for producers and consumers.

>> i think i shent shouldn't have a view about that i think what's important is when the prices are -- i think they do work, i think, together history would say they've been working together in some sort of cooperation and i have no reason to think that's not going to continue this year >> shaken but not derted bob dudley sounding optimistic on the yut look for bp in 2019 the company also recently announced the start of a major project that it has been working on in egypt. this is going to see 1.4 billion feet of gas being delivered to the domestic egyptian market that's significant for egypt because for some time it has been essentially struggling to fulfill domestic demand and with bp's help, it's now pivoting to

become a net gas exporter. big for the economy. big for all egyptians as well. big for bp back over to you >> coming up on the show, the u.s. has avoided another government shutdown. details after the break. stay with us - i think the best companies succeed as a team,

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welcome back to the program. nissan posted a 25% increase in third quarter operating profit boosted by lower discounting in the united states. the japanese automaker also lowered its full year profit forecast now, nancy joins us from singapore with more. this is, of course, a story we've all been following very closely. it is not just about earnings today. it is also around the fall-out from the carlos ghosn saga if you could give us more insight not only on these results, but what's driven this guidance cut and also what we can expect from the meeting this week that's expected to take place in japan between the newly installed chairman of renault and -- nancy >> juliana, let's start with the

carlos ghson factor first. many were looking for that charge that the company took it was expected that it would be around that 9 billion yen figure that we had. 9.232 billion to be exact. representing $84 million in underreported income, salary, and bajz that nissan says are tied to carlos ghosn's time at the company. although, keep in mind carlos ghosn has denied charges of misrepresenting his compensation the fact the company is even taking this charge on the quarter could have implications for the case going forward set that aside for a minute because that is really just a small piece of this company's overall operating profit picture. i think the number that investors are really be interested in and will react to when nissan shares open tomorrow in japan will be the cut in the operating profrt full year forecast for are this year

we are talking about a downgrade to 450 billion yen that compares to 540 billion forecasted previously. many sl raised concerns about the slowdown in the auto market. you are looking at a forecast for 1.564 million sales. that is a forecast for 1.695 you can see the trim in the north american number as well. a lot of comments in the press conference coming from nissan ceo about the north american market the u.s. in particular because you mentioned progress on the quarter when it comes to discounting.

all this comes at a time when the new renault chairman is headed to nissan to meet with executives there the ceo of nissan did take several questions as to what he hopes to achieve in those meetings quite simply, he said he wants to give mr. senard a better understanding of the alliance, talking in the near term about areas that they can improve some of the synergies he didn't get into any issues of perhaps changing the ownership structure because, of course, that is the big one that investors and analysts have questions on guys >> and that's it just want to pick up on that ownership structure. >> whether or not the two countries can go back to restoring the trust now that carlos ghosn is out of the picture.

we are looking at other automakers teaming up. volkswagen, ford the idea here is really moving towards more collaboration between automakers, in part, because they have to shoulder the burden of rising costs for automation, for the electric vehicles, so i do think that the alliance in theory does bring benefits as you point out, trust is going to be the critical issue moving forward. just today, we had officials in japan denying a report that the french government was willing to reduce its stake in nissan of course, we've also heard denial from the french side as well when it comes to making this ownership structure more equity to reflect what is going on in the way of earnings and revenues, i think that topic is not going away guys >> going to be a tricky discussion for sure. thanks for breaking it down to us

now, u.s. official advisory reached a tentative agreement to keep the government open nbc's sources say the deal does not green light the 5.7 billion border wall with mexico. republican senator richard shelby broke the news to reporters late last night, and did not disclose any details there were multiple sources telling nbc that this deal will include money for a border barrier and not the concrete wall that he wanted, the wall that he promised since his campaign the deal includes 1.3 billion for fencing or steel slats that will cover about 55 miles of the nearly 2,000 mile border with mexico most of that through the rio grande valley. it also includes 1.7 billion

dollars for other types of technology agents and other measures that would include securing the border. democrats and republicans both saying this is not the best deal for either side. democrats gave up what they had pushed for, which was less detention space for people who were arrested at the border. there will be a gradual decre e decrease, but it will be more than last year more than democrats wanted, less than the president wanted. a bit of a compromise there as well >> exactly all right. thank you there, tracie. i should say if both sides are happy with a compromise, then it's not a true compromise, is it all right. that was tracie potts from washington breaking it down for us just a quick look at u.s. futures. asian equities at a solid session overnight on hopes that the discussions between the u.s. and china will evolve into somethingation bit more positive and concrete on the trade talks as well as the markets being seeing a bit of a lift by the possibility of averting another

u.s. shutdown as we just heard from tracie. seen opening up about 100 points higher nasdaq about 50 points higher. in terms of macrodata, not a lot to watch out for you want to watch ought for small business optimism. you'll be watching out for that. also, powell will be giving a speech later in the afternoon. that is it for today's show. >> worldwide exchange is coming up next stateside, so stay with us we'll see you tomorrow

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we have a deal at least in principal. lawmakers striking a late night agreement to avert another government shutdown. the president gets nearly $2 billion for his wall futures are up on that news as the world bounces back with us trade, though, that is now front and center for investors talks to get a new deal there ramping up in beijing. japan's rally overnight. is that a sign of global optimism or just a one-off nissan, a big japanese carmaker, they stall after reporting results for the first time since carlos ghosn, the former ceo that was arrested it is tuesday, february 12