she's here. craig melvin: that's all for this edition of "dateline". i'm craig melvin. thank you for watching. "street signs. we are live from davos i'm joumanna bercetche >> i'm with you in london. these are your headlines >> cnbc speaks to donald trump >> the world health organization prepares to hold an emergency meeting on the outbreak of the

coronavirus after the first victim has died. >> we are the number one pharmaceutical company it matters to us we care a lot and we monitor this it really looks that it is contained for the time being >> barclay's ceo says the effectiveness of monetary policy is losing its grip >> it makes it harder to sail into the head winds of our lower interest rates at some point they have to look into the health. discussing the future of the markets featuring the treasury steven mnuchin, uk chancellor and axel weber

>> also today, we speak to renault chairman at 10:15 cet. >> good morning, welcome to "street signs. we are live from the world econom economic forum in davos. president trump lauded the u.s. economy. make sure to stay tuned to our u.s. colleague joe kernen's interview. the u.s. secretary will join geoff on the stage the uk chancellor and ubs

chairman all coming up at 10:30 cet as well. our top story today, the world health organization will hold an emergency meeting on the outbreak of the coronavirus as china confirms 440 cases of the f pneumonia-like illness more than 2,000 people have been isolated the first u.s. patient with the s miss tier yaus virus that is reminding them of sars in seattle. climate is at the forefront in davos with donald trump and greta thunberg trading veiled

attacks. i'm proud to introduce our guess here with us i want to talk about the economic cost of climate change. looking at last year was yet a costly year, natural and man made disasters caused economic losses of $140 billion how are you fared? >> our purpose in society is to make society more resilient. it's our job to help with recovery 2019 was a bit more normal but generally, we have seen an increase in losses mostly in bush fires, droughts and floods we have to adapt price to that and talk about it to the world >> you know, how many of these natural disasters were actually

covered by the insurance >> our job is to take out volatility climate change is a trend. you cannot insurance a trend because it is a certainty. it is something that will be born by society. we have been warning around that trend. we clearly see it in the data. typically, about half of the natural catastrophes are covered by insurance some countries are much less it is another issue. the protection gap we try to cover all the time >> are prices going up to increase the amount of risk, are you able to pass that higher pricing through. >> we see the change now of people that are skeptic of a

long time. on the scientific front, there is consensus that we see more drought. we have more hail and floods, et cetera we are in the process of passing this on. so pricing is adapted from one to another >> i see you are getting involved in nich areas involved in a bond that cover the mortgage risk caused by earthquakes. very niche but higher margin business for you >> in the u.s., a lot are not insured. in california, maybe 12% are insured and it is a earthquake region what happens, if you own a house, you hand the key back to the bank

the banks now have the big risk. now we started realizing with the integrated risk management how big that would be. what motivates us more is what people recover after the big loss >> i want to turn and talk about the asset side of your portfolio. joining you to launch in the net zero asset owner alliance. you've committed to a carbon neutral investment portfolio by 2050 talk about your mechanics. are you not going to invest in the future in high-carbon companies? >> this is a big challenge for ce o's what can we do? what we've decided to shift in 2017, the whole portfolio to aesg benchmark, the barclay's

blue index they have a rating for all players in that industry you can set a cutoff you can say i'll only invest in the positive half. so encouraging the good actors it is not perfect but we have shifted and outperformed the old. >> so there may be commercial incentive there as well. i'll leave it there. thank you for taking the time to chat with us the ceo of swiss re. u.s. president donald trump lauded his performance while decrying the prophets of doom. stay tuned for our u.s. colleague's interview with president trump here in davos. we'll bring you excerpts of that

interview in a few moments as well >> and other speakers are imf managing director, uk chancellor and ubs chairman coming up at 10:30 cet. in company news, daimler has warned that pre-tax earnings will slump to 5.6 billion euros in 2019 in the third profit warning of the year. adding these expenses will impact the mercedes-benz cars. the stock is down about 1% this morning. renault chairman says there is a real desire to make the french carmaker's alliance succeed. he has dismissed reports of

ongoing issues >> the very man himself, the chairman of renault. it is a pleasure to have you with us. >> thank you >> i want to start off and talk about the stock performance of renault in 2019. it was a tricky year how much of that can you put to the external environment, trade war versus ongoing issues at the helm with carlos ghosn >> honestly, a lot is linked to the market and the auto industry is facing challenges all the markets are always anticipating issues. i think this may some day reverse. questions about the alliance,

what are the new challenges, how are we going to get out of the situation? were on every mind but the good news, we are now in the new stage of the alliance. probably back to the spirit of the alliance when it was created 20 years ago when it was a success. now shaping up the whole thing in a way that we can only have positive news in the future. i really mean it management have changed. the spirit about the alliance is totally different. it needs time to go through the public opinion >> how is the relationship right now with nissan? >> i'm telling you, it's extraordinarily positive we are speaking every day to the management of nissan there is a fluid relationship.

we are having a monthly meeting with the appliance board, which is a very very efficient board we are meeting in tokyo next week we will discuss. you will see a lot of news about positive actions >> i promise it is going to happen talk to me about the economics. fundamentally, the issues had with this alliance going back to 2015, is that they are a junior partner in this alliance they don't have voting rights. this has been a sticky issue is there a reworking >> yes i always say nothing is fixed for eternity the priority today is to make sure the alliance works well on the industrial part. that is key. we don't have this share holder issue in mind when we talk today

about what needs to be done urgently if one day in the future, things are reset or why not it is not the priority today, i mean it. we have urgent matters to settle we have the nissan recovery. we all know today that the alliance is absolutely central to that. the alliance will be at the heart of the revive al of the different companies. >> one possible solution is, look, renault has an operating cash flow problem. would it not make sense to sell down, get the cash flow, rebalance so you are sticking two boxes with one goal? >> there are circumstances where it is easy wto do, some where it

is not some places it is not the right timing it is something that can come one day, why not it is not the priority it has to make sense today, it is not the problem between ourselves. we have priority issues to settle you will see signals about that in the coming months there is a time for everything we need to cool things down. i think that's it. last year was a year where there was some sort of view that this alliance was having friction people were not working together, all of that. this is not behind us. we are not at all in same spirit having said that, when we demonstrate this year that this alliance was absolutely the future for our companies

we can also speak about other issues, they will come behind. >> okay. that's very clear. i want to take you to something outgoing chief carlos ghosn said he said renault missed the boat on the deal there. do you agree >> i will say this project was a good one i have supported it at the time. i said what i had to say on that circumstances have made it otherwise. we are not going to live regrets. it is not my view. it is not the way i manage the prospects. everybody understands the key now is to process the alliance the potential of this alliance

is huge. i said at some point, 80% of this alliance is in front of us, not behind it is our duty now to ex tract t our potential. >> to bring it back to fca, that would have given you some exposure to the united states, north america, where you don't really have a presence right now. are you on the hunt for the prospects? >> it also exists in the alliance the american exposure is there nissan is exposed in north america, you very well know. so we have this complimentary footprint. europe, north america, south

america, our strategy is to strength enthat. what i say is real and happens, then this alliance will become very attractive. so we are not hunting because we have so many other things to do. but i guess in the future, they will get to hunting in the appliance to strengthen it >> i'll take you back again to the north america where you don't have a lot of exposeer it seems like both parties have cooled down. we don't know if the u.s. president will come back in and impose tariffs

renault must be in a better position than other automakers >> in that sense, you are right. we all hate uncertainty. there is quite significant and sensitive issue. hopefully in 2020, everybody will go back to the region and have a smooth outcome of these discussions. hopefully it is not more witness the fact for the global economy in north america like in europe if the auto industry is sound. it will be sound for our country. you have to understand that the industry is a solution for the future, not a problem. we better think twice before hitting on the head of the auto

industry and creating barriers we have a huge avenue to show that this industry is probably one of the leaders in the environment and friendly environment of the future. we have huge cart in front of us let's make sure we have not too many constrains. it will be good for the united states and good for europe >> on that topic you say in the future of auto. we have new standards to put to view essentially, you have to sell a lot more electric vehicles are you confident you can? >> looking at the trend, it is

incredibly positive. the basis is small but the increase is dramatically strong. consumers will understand that the customer can travel 380 meters without any problems. the psychological barriers are dropping the problem we have is that we have to strengthen the relationship between the public and private area so that it is really available that's the key the trend is one way >> i'll leave it there will we get the name of the new ceo by the end of this week? >> it will be short, in a short

period of time don't ask me the date. >> i won't ask you the date. thank you for your time today in davos. that was the chairman of renault talking us through the future of the alliance and very positive on the outlook u.s. president trump has been the main act here. the american leader sat down with our colleague joe kernen and outlined his plan with the eu and with trade. >> is the uk next? >> that is next. >> so that could start soon? >> we've started frankly we are starting with europe too to be honest with you, europe has been very, very tough to deal with. they've taken advantage of our country for many, many years i told them, we can't do it anymore. i wanted to wait until we

finished china i am always very transparent i wanted to wait until china was done i met with the new head of the european commission, who is terrific i said, look, if we don't get something, i'll have to take action and that will be high tariffs on their cars and other things coming into our country now saying that, i don't want your audience to get nervous they have to they don't have a choice they are frankly, jean-claude was a friend of mine but impossible to deal with. i think it will be a lot better with boris now too i never played mycards because i didn't want to do that while i was doing china. i wanted to do china, mexico, canada first now we are done and we are going

to do europe i i had a very good conversation i would be very surprised if i had to implement tariffs >> joe asked about his view about the fed rate >> it will be higher than 2% a lot of people are thrilled with that. me, i'm not. the fed was not good as far as i'm concerned. that was a big blip that should not have happened. we have boeing, the big strike with general motors, we had things happen that are unusual things including some unbelievably powerful storms. with all of that, had we not done the big raise in interest, i think we would have been close to four. i could see 5 or 10 points more on the dow they admit to it i was right.

i don't want to be right but i was right. >> our very own steve sedgwick joins me on set. >> it has been a whole 23 minutes i haven't been on set. a fascinating 24 hours and afternoon that we saw yesterday where greta thurberg were not addressing each other by name but going after it and then there was joe's interview. the shopping list of achievements he touted >> it was interesting. to be fair, the u.s. economy has been strong. i think it came as a bit of a surprise that he would give that type of address to an international audience most of the u.s. audience were

asleep at the time the focus was the u.s. economy and how it is strong and how well it is doing look, if you follow an america first policy like we do, then your economy will be successful as well. >> which is difficult to do. not everyone can be the world's largest consumer and have the fire power punitively the u.s. can do if you pick any medium sized country and try to do what trump has done by putting extreme tariff pressure, i can't think of two or three globally that could do that. certainly the chinese could. but there are not many other nations that could do as trump does trumpism, not many could do it or would want to do it a direct assault

a muscular bilateralism approach >> a place that is supposed to be a place that fosters multilateralism. we are here in europe and one of the big themes this year is that he might be turning his sights here in his interview, he was talking about that and said, look, tariffs are always a possibility. that is the major risk here. he's evaluating the trading between the two. he'll look at the deficit. that's the example he's picked up from china and the china

model. subsequently, they got the approach they'll try to use with europe as well >> there aren't many places he can go after on the same scale naturally if he is going to use the economic fire power, that is why so many european businessmen and women are absolutely shuttering the fact that europe, and i will quote the president, the europeans will do a deal because they have to maybe some won't see it in quite the same perspective as well i was talking to the representative of the most multilateral orange on the planet the oacd, he completely rejects the bilateral approach >> there the focus has been on digital taxes. that is another thorn on the

u.s. side as well. that proposal and it disproportionately targets that. i'm sure you recall my coverage in the summer where again, mr. mnuchin and others, almost had another where they said they could agree to this one but have made no progress on it big digital companies across europe as well again, it appears they kick that into the long grass. >> this is a very big year in the u.s.

there is an election coming up >> which is what the speak was about. >> yes many people are saying that. does he want to open up another trading war front. >> probably not. it does raise the question about what happens if president trump is elected 020 onwards the reworking of the relationship. >> one thing we haven't mentioned is the domestic prevails on impeachment. if he can change the focus we are having a chat about mr. trump but we have an amazing panel coming up. jeff is on a future finance panel. he is mod rating that panel in a

couple moments time. all of these big issues will undoubtedly come forward axel weber, he is on the panel he's very forthright about concerns a whole host of these multilateral issues will come forward. and chiefen -- steven nuchin >> it is interesting the last conversations i've had. most are optimistic because they think the signing between u.s.

and china removes some sort of uncertainty. if that creeps back in, financial markets here will have to have a day of reckoning going back 12 months ago the outcome wasn't as positive as it is right now >> market valuations have gone to record levels in the u.s. and the the atlantic as well >> we'll come to a few moments and introduce his panel. valuations, extremely high debt levels are at record levels if they are good as people say, why do we have the chinese cutting the triple r why do we have the debt and the money being pumped into the repo

market if people are as good as they say they are, why are we moving this way >> the question is are they good or really good look at the fed last year. exactly 12 months ago, we were on the heels of that december hike markets were completely rattled by it. in july, they ended up cutting they cut three times and financial markets were okay with it it does tell you the huge role they have to play in the environment. >> i just spoke to the head of the swiss bank association, he said to me he believes that 10% of european companies would not be in exist eence if we didn't have negative rates. we've talked long enough you can see there they are

getting ready to introduce the panel. axel weber, steven mnuchin and more sitting down to discuss the future of finance. >> a very warm welcome to this cnbc television event. we have a large audience in the room and our panelist. you are all welcome to our discussion on the future of financial markets. lieutena let me introduce the panel to you. imf managing director. great to have you with us. >> great to be here. >> just like the imf suggests we may see some is weaker growth for 2020 we'll discuss that u.s. treasury secretary steven mnuchin who joins us fresh from

a breakfast with the president it is idle speculation but it may be important was it an american breakfast or international breakfast? >> we'll call it an american breakfast. >> english is the best ubs chairman of the board axel weber a particular insight into the actions of central banks thank you for being with us on the panel. let's talk about uk chancellor, who you've already heard from. some reports that he wasn't going to make the panel because he was already headed down the mountain we are pleased those reports aren't true. we are pleased he was able to bust boris' ban to be here at

davos. thank you for coming and drinking champaign with the billionaire at the world economic forum second, if i could just start with you you've just come out of an important breakfast. i think there are a lot of issues on the table we'd like answers to it has taken 22 months to get a phase one agreement with the people's republic of china we now have a deal is it possible to conclude phase two before the u.s. elections take place >> let me first say, it's great to be back in davos and have the president here talking about the great economic performance economy and the great outlook we have the china deal, we couldn't be more leased. it is a very significant

agreement. transfer industrial issues, financial purchases, currency. we included the u.s., canada agreement. this is a great week as it relates to phase two, there is no deadlines. the first issue, we are very focused on is implementing phase one. there is a real implementation office as part of enforcement. we'll start on phase two if we get it done before the election, that's great if it takes longer, that's okay. >> so 22 months is not the target >> we dealt with a lot of issues in phase one that gives us a great advance into phase two whether we get it done or not, the combination of phase one and the usmca, we are looking forward to the new trade

agreement, that's a big priority of ours. i was pleased to see you would do us and europe at the same time i was disappointed i thought we'd go first. a lot of good things for 2020. >> can you clarify for our audience your position on tariffs. it appears you are reluctant to relieve pressure on the chinese with the tariffs so tariffs continue up to a phase two agreement and beyond >> there is no question, the president's tariffs have been a big incentive. whether you like them or you don't, we wouldn't have trade agreements without actual tariffs. the president has said if we get all of phase two done, he will remove the tariffs we could easily have phase 2 a,

2 b, we'll take tariffs off along the way. they are a big incentive to include various additional parts of the agreement >> managing director a big part of this has been over 11% of the bilateral trade with u.s. and china it has also had an impact of stalling globe al trade stalling global trade as well. how do you feel about the risk that we have another decline in those trade relationships because they are negotiating the two big boys in the room are fighting and the rest of the world takes the pain >> it is very good there is a truce and a path way to peace. it has been reflected in out the outlook of the world economy is

presented today vis-a-vis a if you months ago we are in a better place for three reasons. one is the signing of phase one, which has reduced by 0.3% what would have been a cost on the world economy. two and three is very important. the fact that central banks have been pursuing the accommodating policy in a synchronized matter. we have the banks cut the interest rate 71 times the thing is half a percentage point boost global growth for last year and this year for 2020 last year, we ended up with 2.9% growth would have been less than 2.5, which by the judgement of the

imf means recession. so we have avoided that. of course, central banks, many of them are running out of space. not u.s. many others are in a tougher place. that has happened. three, what we see is finally bottoming out in trade and industrial output. now, you started by saying the imf is not so rosie about next year this year and next, true, we have reduced our forecast from 3.4% to 3.3% but it is only because of india the main reason for downgrade and unrest in a couple of countries. the rest of the world looks better today than it did in october. >> let me come back to central

banks. i want to finish where we are on the trade story. you have said in the past, that the effects of this trade dispute could last a generation. there could be broken supply chain going forward and a reshuffling of the way the world does business. you seem to be edging back from that now is it because we are making progress >> i think we do have a piece of good news. as the second said, there is already an initiation of phase two. i had a meeting with vice premier liu he who tells me that china is engaging seriously and on phase two, very seriously so this is a piece of good news trade truce is not the same as

trade peace. it is the outlook and in the numbers of bottoming out trade growth was low economic growth is very unusual. now we are seeing trade picking up is that good enough,obviously not. we will continue to advocate for the trade.

we will know trade is good for jobs in our countries. >> you have characterized the risk of the digital berlin wall. that is something coming from your background. do you recognize that as an outcome if you are come to a meeting of minds when it comes to things like huawei and the future of the internet >> no. let me be clear. trade peace, trade war, those to me are not the right words, in all due respect. it is about free, fair and balanced trade this is good for us, good for them one of the biggest single opportunities for american

workers, for american companies. there is a huge growing middle class in china 400 million people. >> it will be good for them and good for us. most people know the most open market for trade and investment. we look forward to very much with the uk it is not the berlin wall at all. we want other people to take down the berlin wall >> i want to make sure everybody gets a chance to speak shans lore, -- chancellor, we jt heard from the president joe interviewed him and he said,

the uk trade deal. we've already started negotiating. can the uk sign up a deal and sew up a deal ahead of settling the leather with the eu? >> thank you for having me on the panel. we are passionate believers in free trade the uk has been a long time. we agree with what christina said especially for those with lower income we see free trade as a way to lower the prices in terms of our next steps, one of the big ones is with european friends and partners that is off to a good start. the u.s. has said, that work

we've already started the work and we are working closely together that is a huge priority. having that agreement will benefit all our consumers in terms of jobs and prices it is hugely important >> i spoke with the vice president of spain who said they met with you most in the eu seem to think you are living on another planet when it comes to wrapping up a deal by the end of the year. could you take that issue. >> our first priority is getting the deal with the eu as we leave, we'll be leaving in nine days with a deal. yes, we've set a time table,

it's the end of this year. it can be done we've had a number of discussions myself yesterday for example, there is a strong relief at both sides that recognize it is a tight timetable. a lot needs to be put together in the time that we have it can be done it can be done for both goods where we want to see free trade, zero tariffs and quotas. also on services >> could you give us a business perspective here how well received was phase one by the banking and the financial community. what impact already are you seeing in terms of the unleashing of animal spirits to take advantage of the trump bump or a boris bump as it has been described. >> i think the phase one deal is a welcome deal for the markets it is not phase two.

in a way, what we look at is the impact and the pipeline. we expect a bit of an air pocket largely because if you look at the september tariff imports that are now 30% there is a fading stimulus to those tax policies, which we see implemented by the administration the impact adjusted to what the markets expected the fed is on stand by rather than on hold which is a subtle but important difference they have come to rescue in almost every downturn. actually, there wasn't a real threat for the underlying economy. where do we stand? the whole trade universe has been renegotiated.

it is important that we don't lose the benefits of fair trade around the globe if we dial back global exchange and services, it is a major force behind it will be head winds with he see as structural. everyone is knowledgeable of that in terms of the eu, it is hardly a surprise after three years that the uk is leaving this is not an issue where time is helpful i think keeping the time pressure on is important >> you talked about being an investor strike because of the combined issues of trade and brexit is that strike over. >> because of the uk, there is expectation that the government has the majority it needs. whatever it needs can get done at home. direction is clear markets always suffer and have a

hard time when direction is unclear and people are taking the direction. this is unclear. this is gradual. i think the uk can get an agreement. it is not going to be a status quo agreement. for phase out. one option is to phase it out in stages that is an option you are going to take. you are not moving everything out. i'm optimistic because it is on the interest of both parties, that we will see a deal done it might not tick all the boxes for everyone, it largely reassures the market some of the investors in the uk, in my view we are seeing the investments clear. people are coming off the sideline, putting money at work again. that will be very good for the uk economy >> i'll add to that. we've seen a growth because of the uk election result

that is a removal of the double whammy of risk the marxist agenda, the anti-business government that would have been a disaster for the british economy and working p emin the uk. that has been removed and a welcome boost of business. also the certainty around brexit and the knowledge with our majority the biggest since tony blair's time so the decisions we make on brexit and negotiations we do, they can be certain they put to it quickly >> you've said, brexit won't be a boost for all businesses you've said that also the alignment for

regulations and rules they won't be departing from. it is not a universal win, is it >> i've said brexit will be a change as we leave, there is bound to be change there is no point for leaving the eu we are leaving it, leaving its customs union. that does not mean we'll be a rule taker at the same time, it is important that it is nrd we are one of the pro business governments we've ever seen to generate the wedalth we need to pay for government services. that means low taxes, free trade agreement not just with the uk, the u.s. and others. that will be a major boost to

the economy. >> one area where there is some disagreement 22 months to do a trade deal with the chinese a conversation between president trump and president macron to get a vote fast on the french reduction of a digital tax the uk says they are going to plow ahead with their own plan in april can they get a deal with you if they insist on the digital tax in april >> we'll be having a private conversation on that we don't need to have on tv >> please do >> i've made some comments on this we'll be having some private conversations. i'm sure the president and boris will be speaking about it as the president did with macron. >> this is a principal issue for you and the american government, it seems you just don't want foreign

governments imposing taxes on your digital business willie nilly. >> well not willie nilly we've been clear we think the digital tax is they are complicated and take time to look at. if people arbitrarily want to put digital taxes on our digital companies, we'll consider putting taxes on car companies >> i take away from that, you can industry can expect some reciprocal tariffs >> we'll have private conversations. i'm sure this can be worked out if not on our level then between the president and prime minister >> there is a very clear threat there? >> again, i want to be clear i think this is an important issue that we'll deal with

going back to the more important stuff. >> let's not get side tracked. i don't think the markets are worried about this i think they are focused on two giant trade deals the u.s. just did. phase one is very, very important to the u.s. and china. the usmca is important getting this trade relationship with the uk is fabulous for us and for them we'll also be having trade conversations with the eu. this started yesterday that will be a focus of this year as well there is still a lot to do on the trade front. by the way, i think we are going to see on the u.s. economy, very positive impacts of this in 2020 >> it is always interesting to bring in our davos audience here let me do this for a moment. i think you are all very well

aware of the issues on the table. if i could get a hand vote on the universal digital tax. does the room think it is a good idea for many of these american technology companies to pay a digital tax? put your hand up if you agree on that premise okay i would say -- about a fifth >> i would say that is the minority of the room the super majority of the people agree with us. >> i think you've got them worried. all of this talk of taking people away to another places has got them nervous put your hand up if you don't think it is a good idea. >> i'm watching. >> i think you may have carried

it i wouldn't say there was a majority in the room one way or the other. >> managing director, you have really put a stake in the ground on this issue. is it necessary for this tax on the oacd >> i'll say to the second, this is what happens when you have a woman on the panel we talk about peace. [ applause ] to go to your tax issue. i agree with the secretary there is a process on the way that is an encouraging process on the digital tax it is much

better for business to have the predictability that what will be in place is going to be respected by everybody >> we are just going to take a moment out of the panel to recap. we've heard from steve mnuchin, the u.s. treasury secretary. he was very relaxed to start off with on the timing of a phase two deal he said, look, we can get a deal done before or post the u.s. election, we are not troubled by the time frame referring to the mexico/canada agreement on the prospects of

the uk deal. the u.s. is very keen on starting negotiations with the u.s. but said the priority is to seal a deal with the eu first. also saying a trade truce is not a trade peace. we are now going to leave program to go to "squawk box" that begins right now. >> announcer: the global elite are here in davos for the annual gathering for the world economic forum. today, joe's interview with president trump about the economy, stock market and matters important to your money. it's wednesday, january 22 this special four-hour edition of "squawk box" begins right

now. >> good morning. we are live from the world economic forum in davos, switzerland. i'm becky quick along with joe kernen joe just sat down with president trump for an interview we want to bring that to you right away netflix shares are rising after the streaming giant added more overseas subscribers growth fell short of expectations as netflix was hurt by competition take a look at shares of ibm also getting a boost after the tech giant beat the street on the top and bottom lines normally, revenue which rose in the fourth quarter helped by its cloud computing business the first revenue increase in six quarters ceo ginn