>> zalando bucks the trend the biggest on-line only retailer rallied to the top of the stock 600 after a rebound in sales in the fourth quarter. a surprise loss weigh on adacco shares as they hit fourth quarter results, and the staffing giant warns of a hiring slowdown in europe . good morning welcome to "street signed. u.s. president donald trump has walked away from his summit with north korean leader kim jong un without an agreement president trump ended the talks early and with no progress

toward denuclearization, saying kim had demanded the complete lifting of sanctions which president trump was not willing to do. south korea heavily exposed to relations between north korea and the u.s. and, of course, what that means for north korea and south korea. before we have the actual press conference from president trump we did get wind that they would cancel these ceremonies, the signing ceremony, that was planned, and that's when we saw the real turn in the kospi it ended up ending the day lower, and it is important to note that that turn really came when we got wind that that ceremony -- that signing was off the table.

>> what was your read on the morning's developments >> i think we're seeing washington officials really coming to a bit of a realization that north korea is not really interested in denuclearization yes, north korean leader kim jong un actually answering a question this morning of a reporter out of hanoi and said that he didn't have the -- if it didn't have the willingness, that he wouldn't have come to hanoi, but when it comes to specific steps towards the denuclearization, i think that's when things got a bit difficult for both sides president trump says that north korea wanted sanctions off the regime in entirety, but washington could not give the

regime that demand listen to what he had to say in his press conference -- well, single press conference. zhoo they wanted the sanctions lifted in their entirety, and we couldn't do that they were willing to denuke a large portion of the areas that we wanted, but we couldn't give up all of the sanctions for that, so we continue to work and we'll see, but we had to walk away from that particular suggestion this was really the first admission coming from president trump himself saying that there is a gap between the u.s. and north korea, although he has been sort of teasing about the potential of this kind of outcome because he has been saying there is no rush. i'm not going to go for a half-baked deal. you know, a lot of the north he krooa hawks who have been watching the summit 2.0, very

much closely, seemed to be saying i'm looking at their reaction on twitter and text messages and emails, and they are saying that this is good in that washington is not giving up for small steps because many steps towards denuclearization i did have to point out that president trump did say that there will be a future engagement of the negotiations to continue, and he is not really walking away, and then abandoning the dialogue. certainly we need to watch future developments. in the meantime, i want to talk about the reaction coming out of south korea because you were just talking about the market reaction out of south korea. a lot of traders seemed pretty spooked by all this and very curious about what kind of a security regime that we are going to be looking at i think it was really the same story for a south korean presidential office as well. there was a bit of a scramble.

one official was kweetd as saying what happened out of hanoi? you know, just 30 minutes before the lunch was canceled in hanoi, the presidential office in south korea was ready to release all these details about the inter-korean cooperation projects they were certainly not in the loop in the meantime, all the trump-kim summit 2.0 not yielding any result. certainly it brings this question of where does china fit all this this is what president trump had to say about what he thinks about chooirn's role in north korea process. take a listen. >> i think china has been a big help, more than people know. 93% of the goods coming into north korea come through china, so there's a great power there at the same time i believe -- i happen to believe that north korea is calling its own shots and not taking orders from anybody. he is a very strong guy, and

they're able to do things that are pretty amazing, but 93% still come in from china china has an influence, and china has been a big help. russia has been a big help, too. as you know, there's a pretty small part of the boarder, but nevertheless, significant. about 28 miles things can happen there, too, and thief been a help. >> in the last hour our colleague who is actually covering the same story out of hanoi with me, eunice, had some insightful comments as well to make on "squawk box" europe. she said maybe this will give beijing more of an upper hand in all this because that will accentuate china's influence over north korea in the meantime, juliana, i'm going to leaf you with one flash out of south korea a news agency is reporting that the presidential office in south korea is reacting to all this, saying the failure to reach an agreement in hanoi is

disappointing, but also, highlighting that the country has made more progress than ever back to you for now. >> shaer, thank you so much for that update. exactly as you said, the flash is just coming across now. that south korea says it regrets no deal reached at the trump-kim summit that is coming out of the blue house, which is south korea's parliament they said that trump's willingness to continue dialogue with north korea brightens prospects for the next meeting taking an upbeat view to a degree they said that trump's mention of the possibility of sanctions relief shows that north korea-u.s. dialogue has been upgraded a higher level. that is the latest out of south korea following the conclusion of the summit in hanoi now, i want to bring in jacob, deputy head u.s. in the americas program from chatham house to help make sense of where we stand now. we thank you for joining us. jacob, now we have heard no agreement has been reached

president trump has gotten on his flight out of hanoi. where do things stand now in terms of north korea-u.s. relations? >> international relations were extremely personalized lens. didn't seem to think that kim would trade him or had changed fundamentally. he still had very -- the north korean dictator, so i think -- the relationship getting precipitously worse as it was in the first few months of the trump administration are fairly low for the time being of course, you know, trump is mercurial and changes his mind i think the initial find is that, well, this wasn't a

victory and certainly doesn't substantially increase the near-term risk in the relationship either. >> the way this was handled would argue that part of the reason no agreement was reached is that there wasn't enough time, enough preparations, enough working level talks in the lead-up to this. do you think that the outcome would have been different if there were more preparations in the lead-up to this summit >> i think so, but i think you have to -- to get there you have to assume that the president would operate in a fundamentally different way than the administration and indeed throughout the entire business career he has always been a very sort of -- he has always tried to do things from the gut, from the hip. he doesn't really go in for big complicated preparations for this kind of thing the problem with that is that denuclearization is a very, very complex issue. the question how you sequence various forms of sanctions relief and other diplomatic concessions for verifiable disruption of nuclear facilities

is a very complicated technical issue. the u.s. and iran went through literally years of dense technical negotiations before the jcpoa could be arranged. the idea that north korea has an extensively massively larger nuclear program than iran di would be naive >> and what did you make of the fact that president trump opened the press conference not going right to north korea, but highlighting the u.s.'s role in helping to ease tensions between india and pakistan and also around their efforts in venezuela? what do you make of the fact that he started the press conference highlighting those developments >> well, i think it's a realization on his part that there wasn't much in the way of progress to be touted. trump was very aggressive about how they afforded staff of the singapore summit with kim. not long after he got home, the fact that he sort of tried to

distract and tried to talk about the u.s. role in india and pakistan which as far as anyone could tell from the outside is extremely limited, but suggests that he understands that there is not much. it might have been the right decision to iowa, but not much in achieving a measurable outcome from this particular summit >> and trump throughout the press conference clearly trying to signal to north korea the economic boom that may lie around the corner if they decide to change their approach to relations with the u.s in your view, is that an effective tactic is north korea going to move on this dangling of economic prosperity >> well, the issue isn't whether they find the ideas of economic development appealing because i think, like any country, they do the issue is more how do you sequence that, and the north koreans have been relatively consistent that they view -- they're willing to take steps

towards denuclearization, and it should be shoetd e noted, when they say denuclearization, they talk about the korean peninsula to include american forces stationed there. there's a fundamental gap, but in any case, i think they are talking about -- they're talking about economic relief first. the u.s. wants verifiable denuclearization of north korea to not include american forces before economic relief, and that was just a fundamentally -- that's a fundamental difference. >> excellent well, thank you so much for joiks on such short notice deputy head u.s. in the americas program at chatham house let's get a check on european markets the stock 600 tradingdown to the tune of -- this follows a down day yesterday when the stock 600 broke a three-day win streak now, before all of this summit news came into focus this morning, yesterday more o markets were acutely focused on u.s.-china relations, and that was after u.s. trade representative lightheizer took

a tougher tone in talking about the state of those negotiations. he said that any deal would just be one step toward -- one step forward in a much longer process. tempering optimism around those relations to a degree. remember, we're also coming off of quite a strong rally globally on optimism that we would reach an agreement on u.s.-china we also had brexit talk yesterday that were on the more positive side. not enough to create some momentum in europe let's get a look at the markets this morning and see how the different regions are fairing. the ftse 100, the worst performer of the bunch down 0.8%. a number of corporate stories in toeks today as well.

earning season continues at the top of the board we've got financial services up 0.5% down at the bottom the clear underperformer of the day, basic resources down 1.86% as i mentioned, those lightheizer comments weighing on sentiment towards u.s.-china trade. coming up, i want to say just highlight that zalando back in fashion after i strong end to 2018 that and more earnings coming up after the break. rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning.

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>> everybody here on the grouped is talking about opportunities and also that actually they don't think so badly about china as economists are thinking they are looking at a longer time horizon the trend is still correct also for the likes of china, ask people are still bullish about the united states given the deregulation going on there on the ground the report is sort of like a general report about where the industry stands. it's quite interesting to see that still thinking that 2019 will be a year of many deals especially big deals i caught up with one of the

authors of that study. take a listen of what he had to say about the prospects of more deals to come. >> the numbers have been going down the price per deal has been going on we'll see more of that this year and more larger deals. there will be a continued increase in public activity if the public markets show any softness, that will step up. >> he is going as far as even saying that private equity is actually looking for some market corrections when it comes to equity markets, because they would see that then as a possibility to dig into the markets once again it's a buying opportunity. not so much problem. volatility is something positive for them here onthe ground looking ahead, though, to 2019, clearly it will also be a year

of big challenges. this means that certain industries will become less attractive and less valuable here on the ground people look at the longer term step perspectives and not so much to the short-term with that, back to you >> very interesting in that. thank you for bringing us that report meanwhile, shares in german on-line retailer zalando are surging after it posted strong fourth quarter sales and won more than a million new customers. elsewhere adacco swung to a net loss on the fourth quarter hit by a goodwill imparent in its business the world's biggest staffing firm flagged slowing hire hoeing with revenues falling 2% year-on-year in january.

that was helped by strong sales in its robotics business since the $1 1 billion sale of its power business to hitachi said the deal is on track. it will further its focus on digital industries and ab inbev has strong earnings for 2019 that's after beating estimates for fourth quarter core profit the beer maker says it will boost its figures by focussing on growing beer volumes. the firm said it was hit by a decline in emerging market currencies and rising raw material costs over the fourth quarter. i want to bring in charles cara at absolute strategy research to weigh in on what we've seen in this earnings season it almost feels as though it's taken a back seat to the top-down themes. would you agree -- >> i think to an extent, yes,

it's true when we were coming into the earnings season what we saw was a lot of analyst downgrades, and actually, companies have reported numbers which were only in line with these downgraded numbers if you look across into europe, then the numbers were 6% less than analysts were expecting at the start of this year we have seen a lot of downgrades and a lot of disappointments in europe and in japan. the markets have continued to rally. it looks like the market is not punishing those companies which have disappointed, but also it's not necessarily punishing any company at all in this market.

>> first of all, if you look at q1 expectations -- >> without looking ahead on consensus, we think there is a lot of negative news flow out there that has yet to be incorporated into earnings forecast we think, actually, maybe 2019 earnings could be lower than 2018 it's interesting to hear you say that not all the negativity is necessary in forecasts already, but you look at share price reaction, like we saw on zalando today, massively on the back of an earnings report that was really just not as bad as investors had feared how much of the reaction that we have seen in this earnings season has gone down to -- for the rest of the year >> we think that, first of all, zalanda is maybe one of the exceptions when we look at the

overall reaction of 500 u.s. companies. then we find that there's a not strong relationship -- the share price does it's lower than the reaction that we were seeing at the end of lats year in terms of positioning, a lot of -- they're now positioned to expect em to be rallying and if we don't get some of the news flow that is coming through reduced sakes, then we could see that positioning working against theemerging markets in the coming few months. >> they did react very strongly to their earnings was kraft. why do you think the market took that news so badly >> we think there is part of a problem that we see growing in the u.s. equity markets.

a lot of safe companies in the u.s. have geared up. the market has not adjusted to the increased potential volatility of things, and then when you get a shock, a small shock on earnings, it gets amplified down on to the bottom line because of a high debt, and then we start seeing the market waking up to the problems, but some of the u.s. companies have with their debt levels >> how much weight should investors be putting on guidance given so much is weighing on external factors that these companies can't possibly control? >> i think it's difficult for them, difficult for the management to understand what's happening. it's also difficult for investors to just rely on that management guidance. for instance, i think that some of the slowdown we saw in trade around the world especially into, say, germany, for instance, that was unexpected at the end of last year we are now seeing it come through and some very cyclical auto type companies. we didn't get that in the u.s.,

but we are getting that in europe and japan >> thank you very much for bringing us that insight charles cara head of quantitative strategy head of research the trump-kim summit in hanoi, t talks end without a deal president trump says sometimes you have to walk away. >> it was an interesting two days actually, it was a productive two days, but sometimes you have to walk, and this was just one of those times unpredictable crohn's symptoms following you? for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tb. tell your doctor if you have an infection or flu-like symptoms or sores, have had cancer, or develop new skin growths, or if anyone in your house needs or recently had a vaccine. alert your doctor of new or worsening problems,

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>> it was an interesting two days, and i think actually it was a very productive two days, but sometimes you have to walk, and this was just one of those times. european stocks fall after the summit in hanoi ends with no agreement, while basic resources lead shares lower amid renewed fears over u.s.-china trade

talks. but zalando bucks the trend. it rallied to the top of the stock 600 after a rebound in sales in the fourth quarter. a surprise loss weigh on adecco shares as an impairment charge in germany, and the staffing giant and a hiring slowdown. u.s. markets are trading lower. the stock 600 broke a three-day winning streak to end down 0.28%. once again, from the geopolitical point of view, of course, that summit in hanoi is weighing on investor sentiment to a degree. also, u.s. trade representative robert lightheizer's comments

yesterday really tempering some of the optimism around u.s.-china trade and whether a deal really -- a deal really lurks right around the corner. the underperformer of the bunch here in europe this morning so far, the ftse 100. let's get a look at 4x markets, and part of the reason that the ftse 100 was trading down this morning. no doubt, the strength we've seen in the pound. now, right now we are seeing some stabilization it's now at the 1.33 mark. a rally for sterling yesterday after brexit developments which the market perceived to be incrementally positive makes the delay to article 50 look increasingly likely. let's get a look at u.s. futures and see how things are shaping up there we are looking at a softer start. really mixed day yesterday worth mentioning that in after hours trade we saw tech turn lower, so in addition to these macrodevelopments, something to keep an eye on for that u.s. session and also, u.s. q4 gdp coming out later today

according to the u.s. president the north korean leader promised not to conduct nuclear or rocket tests, but sanctions were the main sticking point. let's get out to my colleague eunice yoon who has more >> thank you so much, juliana. you know, president trump said that he wanted to make sure that this deal was gone right, and the u.s. negotiators had put out a lot of demands, especially for the north koreans to address an important nuclear reactor complex. the north koreans said they wanted to have economic sanctions lifted of course, mike pompeo had said in the past that the u.s. wasn'ting to do that and to do it very rapidly, and at this press conference where he was there with president trump, he said that the talks broke down on sequencing as well as timing.

president trump said that the two left -- the two sides left in friendly terms, and that he still needs very much in north korea's potential. >> if you think of it, you have one side, russia and china, and on the other side you have south korea. you are stick arounded by water, and among the most beautiful shorelines in the world is tremendous potential in north korea, and i think he is going to lead it to a very important thing economically i think it's going to be an absolute economic power. president trump is already on his way home, and he is likely going to be facing fierce criticism within the foreign policy community a lot of people would say that he was ill-prepared for these discussions. a sense of the issue of timing and sequencing

mike pompeo had mentioned. it'ssomething that the previou administration have been dealing with for the past 25 years when they themselves have tried to engage with north korea. now, the reaction around the region is starting to come in. the chinese have said that they hope the two sides will continue on this constructive path and continue with the dialogue also, what was interesting, jowlana, was just exactly how president trump appeared to be lavishing so much praise on president xi jing ping, and it really seems to be an indication of how president trump believes that president xi could have more influence on north korea in the future which then could potentially make him more susceptible for his next summit, which would be on the u.s.-china trade talks, to, you know, potentially make concessions to president xi in order to try to

get the chinese's cooperation when it comes to the north korea summit i want to give you an update on economic data out of china overnight. chinese export orders sank at their fastest rate in more than a decade in february meanwhile, official factory pmi fell to 49.2 missing estimates and shrinking to a three-year low. the data is set to compound fears of a slowdown in the world's second largest economy, which continues to juggle a trade war with the u.s. and weakening domestic demand. u.s. trade representative robert lightheizer, meanwhile, has warned washington will have to keep up its terror threat on china regardless of whether a deal is struck told a committee in congress that there was still much work to be done before an agreement could be reached, adding longer term challenges remained lightheizer also singled out president trump for his role in the trade talks. >> other problems will arise,

and they'll have to be dealt with i view this as a process, but this is the -- i use the term turning the corner this is the first time i believe that it's been approached in this way, and it's really the result the creation of an enormous amount of leverage by the president. >> i'm joined in the studio by frederick newman, co-head of ace economics, managing director at hsbc much more of an experiment than i am of what's going on in asia. we heard from eunice, my colleague, around the raeksz of today's developments what is your take on how beijing reacts to the summit in relations between north korea and the u.s. >> i think there's realizism on all sides to expect a full blown deal here. the chinese are interested in sort of easing tensions on north korean peninsula they're right next door. they have been to some extent

instrumental in helping the two sides spring together. they probably chalked us up as a success, and it is to some extent because we are having a suspension of testing, for example. we have for since last summer not really had north korea in the headlines. that must have been a positive development. >> that's interesting. you would chalk up even today's news as a success in terms of relations between north korea and the u.s. >> it is to the extent -- we have seen a deescalation here. we have -- remember, we had missile tests and some scary moments there at times, but now we have since stabilization, and the two sides are talking, and really a full-blown deal of this magnitude after so many years of these very intractable negotiations was always a bit, you know -- the expectations were a bit ahead of ourselves. >> now, this is not the only asian relations in focus at the

moment what does this mean for u.s.-china trade talks >> well, they are really, you know, barrelling ahead we're getting down to the wire tomorrow is one of the dead llie coming up, and really the deadline is to bring them over the finish line. all indications are that they are approaching an agreement as we heard from -- they're not going to resolve everything, but contrary to where we were six months ago, a risk of full escalation, i think that's now sort of been tempered a little bit. >> his comments yesterday in terms of one step toward longer term process relation shouldn't come as a surprise it's not a huge surprise the president in the u.s. is a decision maker will have the final call on this

even that would be a stabilizing factor it would mean that this disruption and uncertainty will recede somewhat. it's all about confidence, remember it's about these uncertainties vefrmts to slow down all sides suspending the escalation, having ongoing talks probably is a positive thing >> in terms of the economics of the region, just brought you those pmi numbers out of china given the number of uncertainties, external uncertainties zrks this mean the reasonable will have to focus on domestic consumption as the main growth driver moving forward, and is that realistic? >> that's right. even if we do get easing trade tensions, it does mean a magic snap back in the trade cycle the reason why trade is slowing has many other reasons, and today was a reminder with a new

export order component being down again that perhaps there is not much juice in the trade cycle. that means domestic demand, and particularly, a focus on policy measures, stimulus in china to make sure that the -- >> well, thank you very much for joining me co-head of asia economics, plging director hsbc pakistan has captured a pilot shot down in an escalating stand-off with india both countries confirm they shot down opposing fighter jets wednesday. the conflict between the two countries evg lates between the worst point in 20 years. >> coming up on the show, we'll be live from westminster with the latest on brexit stay tuned your digestive system has billions of bacteria, but life can throw them off balance. re-align yourself, with align probiotic.

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president trump's former lawyer michael koen delivered explosive testimony on capitol hill calling his former client "a racist, a con man, and a cheat. he also accused the president of being aware of key wikileaks

disclose users during the 2016 election campaign. nbc's kristen welker has more on an extraordinary day in washington >> reporter: taking the oath before congress again, michael cohen insisting this time he is telling the truth. >> i have come here to apologize to my family, to my government, and to the american people >> now the president's former personal attorney unloading stunning personal shots against his former client. >> i am ashamed that i kmochoseo take part in concealing mr. trump's elicit acts rather than listening to my own conscience i am ashamed because i know what mr. trump is he is a racist he is a conman, and he is a cheat. >> cohen's dramatic array of allegations against the president included accusing him of committing a criminal act directing cohen to make hush

money payments to stormy daniels. >> mr. trump directed me to use my own personal funds from a home equity line of credit to avoid any money being traced back to him that could negatively impact his campaign cohen toted bringing this $35,000 check he says siepd by the president saying it was a reimbursement. cohen said mr. trump worried about daniels' accusations after the "access hollywood" tape. cohen said the president asked him to lie to melania trump about the whoa thing >> lying to the first lady is one of my biggest regrets because she is a kind, good person, and i respect her greatly, and she did not deserve that

founder julian sassange, when roger stone now facing multiple felony charges herself called the candidate. >> mr. stone told mr. trump that he had just gotten off the phone with julian assange and that mr. assange told mr. stone that within a couple of days there would be a massive dump of emails that would damage hillary clinton's campaign he responded by stating to the effect, wouldn't that be great >> reporter: an alleged conversation just before this comment from then candidate trump. >> russia, if you are listening -- >> wikileaks responding today, writing assange has never had a telephone call with roger stone. then there was that potential trump tower real estate deal in moscow koen saying he believed mr. trump wanted him to lie about the fact that negotiations stretched well into the campaign something cohen lied to congress

about initially. >> mr. trump did not directly tell me to lie to congress that's not how he operates he would look me in the eye and tell me there's no russian business and then go on to lie to theamerican people by sayin the same thing in his way, he was telling me to lie. rirjts cohen says he has no knowledge of any collusion with russia >> questions raised about whether i know of direct evidence that mr. trurp or his campaign colluded with russia. i do not >> but says he has his suspicions that donald trump jr. told his father about that trump tower meeting between campaign officials and a russian attorney >> i want to bring in james, dewitt wallace fellow from american enterprise institute. thank you for joining me this morning. james, now, as we just heard there, michael cohen stopped short of directly accusing the president of collusion with

russia, but he said he has his suspicions does yesterday's testimony increase the prospects of an impeachment for president trump? so. >> listen, i think the odds remember increased that democrats are going to try to impeach. i think democrats listen to that testimony, whether there are democrats in congress or democrats in the rest of america. serm they think they heard a lot, and they heard michael koen alleged crimes were being committed, and this will certainly i think ramp up the pressure tore democrats. on the other side, i am not sure anything michael koen said made it more likely that republicans would vote to actually convict the president and try to expel him from office? the only thing they're going to care about is russia and collusion. they're not going to care about payments to stormy daniels or his tacks. they are going to focus on collusion, and as the end of

that report said, michael cohen said he had no direct evidence of collusion that's what republicans are going to focus on. >> cohen also revealed that there may be other ongoing investigations by -- into mr. trump by federal prosecutors in manhattan did this come as a surprise? >> yeah. it just goes to show you there is so much stuff we don't know with this investigation, that we sort of -- we're able to see a bit of the iceberg and yesterday that bit of the iceberg was michael koen, and dwoent know what's underneath. i think as far as evaluating ultimately the president's legal jeopardy, i think it's very, very difficult to do that at this point the political jeopardy, i have -- i think i have a subtly better handle on, and i certainly didn't hear anything in the testimony that makes me think that the president's ultimate political jeopardy has increased at all >> and what would have made you change your view, if he had explicitly said that he had evidence >> i have direct evidence that

the president specifically told me to lie to congress. not that he sort of gave me a -- well, no one rid me of this troublesome priest kind of, you know, second hand wink and a nod. that kind of stuff is what republicans we'll see what the mueller investigation comes up with, but it would be that sort of thing that would be far more explosive than what michael cohen actually said. >> i'm not sure. maybe a lot more real-time tweeting maybe we would have seen that because of the time difference i don't know i think the president probably liked being out of the country

i think they were hoping to get some big headlines with north korea out of vietnam that would have totally overshadowed the testimony. as we saw today, the big headline is there was no big deal again, people are going to be focused on michael koen, which means more news cycles of what they're talking about as the president ae legal and political jeopardy rather than a deal with north korea or potential deal with china over trade. >> now, one other thing that came out yesterday was that michael cohen provided three years of financial statements for president trump. anything really surprising in there rg anything to move the needle or, again, like you say, is this more noise >> i think all that stuff and what the president may have inflated the value of -- all of that was potential tax fraud that's not unimportant that could very well be important. it could result in the president perhaps being indicted after he leaves office. republicans are going to say,

hey, i thought this was about russia and collusion listen, we know he is at best in a complicated tax situation. that's old news. enough republicans senators at some point to vote to expel the president based on tax payments or inflated assets, dodgy tax returns. again, after the president leaves office that, could -- i think it could have significant legal jeopardy >> thank you very much for joining us willem joins us from westminster. why was last night's vote significant? >> it's essentially forced the prime minister into accepting a series of votes and providing

assurances about those votes >> they're designed to inslur that parliament has a chance to, a, vote in favor or against her deal, whether it comes back with revisions based on conversations her officials have with those in brussels or not. b, vote to rule out the concept of no deal, and nen c, potentially vote to extend the negotiating period between the u.k. and the european union based on a tlird and final vote, which has to happen by the 14th of march, according to this new timetable. this is all come based on pressure from back bench mp's, both inside the conservative body also worth noting, though, from the opposition benches labour mp and foreign minister a yvette cooper. it seems based on the vote last night when her amendment went through with a massive majority, parliament is backing her, and

it's forcing the government to follow her lead as well. what this means going forward from the labour perspective is quite interesting. we had a vote last night to another proposal put forward by the labour party. in theory it will pit theresa may's deal, whatever that looks like, versus the current possibility of remaining inside the european union that's something that a lot of labour grassroots members have backed, and this follows on from their own party conference several months ago where that became a central plank of the official labour party. this is something that jeremy corbin has been enthusiastic about. it's going to be very interesting to see how quickly they move to pushing that policy and how fully he himself ends up

backing it >> excellent thank you very much for that report willem from westminster. let's take a look at u.s. futures and see how stocks there are shaping up just before the u.s. significance e sessions opens. s&p 500, it dow jones, and nasdaq all looking at a lower start. this follows fairly mixed trade yesterday. the dow ended about 28 basis points lower the s&p just a touch lower, and the nasdaq ended in positive territory. however, after hours tech fell the key event to watch today in the u.s. markets on the data side u.s. q4 gdp. that's it for today's show i'm juliana, and worldwide exchange is coming up next so with xfinity mobile

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>> i think actually it was an interesting two days sometimes have you to walk >> president trump's stunning turn abruptly walking away from nuclear talks with north korea he is already back on his way home we are live in hanoi, vietnam, with the fall-out on this thursday, february 28th, and a special worldwide exchange begins right now good morning good afternoon wrrks or good evening. welcome, everybody i'm brian sullivan high stakes talks between presiden