much as i do, will you please buy some damn chocolate once and for all? amber: and send some. lemonis: we're not sending anybody anything. amber: where's my finder's fee? lemonis: you don't get a finder's fee. you get a discount of 1%. amber: thanks, sport. good morning welcome to "street signs." i'm julianna tatelbaum with joumanna bercetche and tease are your headlines vivendi searching for the stoxx of the 600 as they spin off universal music group. italian banks ride the market wave higher as mario

draghi is sworn in bringing a new technocratic approach amid the crisis. they work together on a special acquisition vehicle to target european financial companies from an amsterdam. trump acquitted. the former president cleared of inciting the deadly capitol hill mob attack leading the republican party and the trump brand at a crossroads. >> president trump is still liable for everything he did while in office. didn't get away with anything, yet. good morning, everybody. welcome to "street signs." we are kicking off a new week here et cetera wroert noting china and hong kong are off for lunar

new year and a holiday in u.s. activity might be slower than normal volumewise. the news from asia was positive. shares getting to record highs japan back to 30,000 it took 30 years to get there. it took some time for the japanese index to retrace those levels again very positive handover from asia overnight. we're watching commodities overnight, oil in focus. at its highest level since january 2020, with some middle ooels tension as well. the european index, the stoxx 600 is up about 0.8% quite a strong start to the week after capping a week of gains last week with the index ending up 1.1% higher for the week, 0.6% alone for the stoxx 600 let's get into the individual markets.

bearing in mind, we get more company results out this week. about 67 companies will be reporting. we'll be bringing you those throughout the course of the week ftse 100 up 1.25%. i was commenting on the strength of the pound as it broke through 139 briefly. it's interesting to see the ftse 100 index is doing well despite the ftse 100 and cac up 1%. dax in germany up 0.4% last week the italian was up 0.4% reacting to news that mario draghi has support of most political parties for the national unity government. we got some more information on the composition of that government over the weekend. we'll get into during the show basic resources are having a

good day up 2.4% for that particular sector media up 3% on vivendi real estate at just a tad below the flat line underperforming health care, utilities as well, some defenses relatively lagging. as you can see for the most part, the picture for europe is pretty positive this morning italian banks, i did mention that italy was very much in focus last week. this is the picture for italian banks this morning unicredit up 1.25% para bank up 1.5%. italian banks doing quite well we are getting towards the end of the banking season as far as banks are concerned, too the takeaway from some italian banks that as far as provisions ask mtls, the situation is less bad that some people thought it would be.

let's switch to media, big news out of vivendi, who will spin off 06% of universal music group by the end of the year they said the most profitable subsidiary, home to authors like taylor swift, lady gaga and others, will target valuation of at least 30 billion euros. huge reaction we're seeing in stocks up 17%, the picture for vivendi and driving the rest of the media sector up as well. turning to the uk, starting today, nun arriving in england from 33 countries on the government red list must quarantine at appointed hotels for 14 days at their own cost. travelers who break the rules face heavy fines and up to ten years in prison after the uk hit their targeting of vaccinating 15 million people one day early.

more than one adult in five has received at least one dose of the shot boris johnson welcomed the news. >> on the 8th of december, this country's first coronavirus jab was delivered safely into the arms of margaret keenan. in the following two months, this country has achieved an extraordinary feat, administering a total of 15 million jabs into the arms of some of the most vulnerable people in the country. >> the uk health minister, matt hancock, says he expects britain to continue to ramp up its covid vaccine rollout. he told the bbc the government aims to offer the first jab to all those in the top nine groups by the end of april. meanwhile, those who have already received the first vaccine jab will be receiving a second dose by april as well, he added. as i commented earlier, we are seeing a big bounce in the pound this morning, as it broke through 1.39

it's up about 0.4% it's capping a couple strong weeks of gain for the pound and the ftse 100 as well uk assets have been performing pretty well so far in 2021 despite much of the country still being under very restrictive lockdown of course, those gdp numbers for q4 coming in slightly better than expected but still quite weak versus obviously where the economy was going beforehand let's bring in the global chief economist from so krcet general. because the uk is ahead of other countries, particularly european countries with the vaccine rollout, that there is room for the uk economy to outperform other european countries >> absolutely. i think that vaccinations are an absolute key to getting

economies rolling again. the uk is doing extraordinarily well no doubt about it. as you said, the uk has vaccinated about 20% of the population and the u.s. about 10%. in most of continental european countries we're looking at about 2% yes, i think from that perspective, the uk is poised to perform quite well the other issue performing other european countries, let's not forget, brexit and stories about the difficulties that u.s. companies, manufacturing companies, still a global economy where manufacturing is responding much better than services, they're finding it difficult to export. there's that topic in the back drop, too. >> absolutely. something we've been talking about quite a bit on this show the response from europe has been criticized for -- two-fold, not just because of the pace of the vaccine rollout, but also because of the size of the

fiscal stimulus that is being offered. i'm not just talking at a euro level. i'm talking at a national government level they are saying european governments have not gone big enough given the extent of the problem and given the extent of the output gap that eurozone economies are facing do you agree with that assessment >> no, i think that's a little unfair yes, the overall deficit numbers are smaller. usually the euro area is compared in that state, but the fiscal response is somewhat smaller in the ua area, no doubt about it but it's not a world of difference the impulse is about percentage points of gdp smaller. i wouldn't say it's absolutely massive. there is, of course, one other dimension here, too. that is that we don't just have a fiscal response at the national level, but we also for the first time in a long time

have really a serious dairs first time in history we have a really serious joint fiscal impulse. that has not arrived yet and it will be mario draghi, one of his most important jobs as prime minister italy, how to spend that money that will particularly benefit the weaker economies in europe and italy is amongst those. >> on that topic of mario draghi, we talked about what his return may mean for italy, but from a european perspective, what do you think mario draghi at the helm of the eu means more broadly? >> first of all, it means you hopefully have a partner in someone that you can talk to who is going to be able to come up with a good plan on how to spend that money i'm also hoping that italy is

going to play a more prominent role at the european table i think that italy has been underrepresented in many ways compared to its economic size and being a founding member in the international policy discussion that really goes all the way back to berlusconi i think the europeans will be relieved and one can only hope this very, very broad coalition is going to be able to hold together we shouldn't kid ourselves italian politics are highly complex. they're pretty vicious and it's going to be one big job for mario draghi to keep this kind of rainbow coalition he's put together to keep them together and pulling in one direction until now, the commentary about his cabinet appointments have been very positive and so there's everything to hope for i think italy has everything to play for it's been an underperformer for quite a long time. it's been hit very hard by the

covid epidemic, of course. let's hope this can be a new beginning. >> looking through your notes, one thing jumped out to me in regards to a catalyst to look forward to throughout the year and that was your view that a road map on the banking union may be agreed by year end. we've seen a strong reaction in the italian banks in response to mario draghi, in part on the basis that some investors think he could create an environment that is more conducive to m&a. looking at european banks more broadly, the big obstacle that lies between now and more consolidation, many have said, is the lack of banking union what gives you confidence this will finally happen? >> i think that it's well understood that the banking union and the capital market union is one of those areas that are -- still need to be achieved and where we have made very much

progress at the same time, i think there's also quite a widely shared understanding that we need a less fragmented banking sector in europe and we need to find conditions to bring about consolidation. that's not only within national borders but also across borders to make the european monetary system more resilient. we think there is general understanding, general agreement, that this is the next direction in which the european union has to move. >> i want to turn to the european inflation outlook for 2021 we got a bit of a technical rebound in january, but i see from your notes that you actually see inflation, headline inflation averaging around 1.3%. therefore, is your advice to investors to look through some higher inflation numbers coming through for the first part of the year >> yes

i wouldn't completely ignore them if i were an investor headline inflation -- that's going to be the case pretty much, a key influence is the oil price. back in april of last year, the oil price -- brent crude oil price was 60% year-on-year at the end of last year it was down 5%. by the time we get to april, even if you don't get much further increases, you'll be looking at year-on-year changes in oil prices well above 100%. that will be a big impulse what i recommend to people is keep a close eye on core inflation and don't ignore that inflation was also depressed last year. not just in the euro area, also in uk, japan, many other countries, by fiscal measures that were taken in response to the covid epidemic as those initiatives expire, inflation and co-inflation as well is going to tick up when you look at the longer term or the medium term, without a

significant acceleration in wage pressures, it's unlikely that inflation is really going to increase inflation has been a big topic in financial markets breaking inflation rates and market measures of future inflation have increased they're pretty much in line with the average on the past five years. we do, of course, have a much weaker economy i think inflation is going to be a topic over the next few months, particularly in april and may when the headline numbers change quite a lot we had big surprises in the ua, particularly in germany. >> that's why i thought it was worth asking your view on how things will pan out. thank you for joining us also coming up on the show, from central bankers to italian prime minister mario draghi takes office and unveils his new cabinet. we'll cross live to milan for

the latest

welcome back to "street signs. mario draghi has been sworn in as italy's new prime minister. the former ecb chief will lead a unity government after winning the backing of almost all the country's political parties. he unveiled his new cabinet made up of lawmakers from across the political spectrum as well as eight technocrat ministers as well as daniele franco as finance minister i think the major announcement from the week ent is all political parties, all major political parties have now turned their weight behind mr. draghi and his government. the interesting thing about the government composition is it's not a purely technocrat government, it's a combination of both technocrats and also existing politicians of course, people are very

family with luigi di maio who maintained his role as finance minister he was the former leader of the five star party. there's been a little criticis leveled at mr. draghi over the weekend saying, you know, perhaps some of the appointments were a bit too political we were hoping for a technocrat government but the fact that mr. di maio is still in his job, tells you maybe he is also being a bit strategic from his political standpoint as well, in addition to bringing the right people in technocrat posts >> it's a really interesting point to look at the composition of the new cabinet looking back to our conversation we had with the former minister of economic development, listening to him, he was very optimistic about draghi coming in and employing that same whatever it takes mentality he used at the ecb to italy, saying

he's confident draghi will do whatever is needed to relaunch the country to foster a new phase of investment. the four pillars he told us to look out for in terms it of reforms, education, justice, bureaucracy and welfare. looking at the appointments draghi has made, perhaps this is a test many to the pragmatism we've seen him employ before one last comment i would add from an eu perspective, a lot more attention now turning to the prospect italy having a much bigger seat at the table when it comes to those at the eu level. >> it's interesting to see what the focus of the government will be on. they still need to get through a vote in the lower house and upper house later this week so we'll get more details on what the draghi government is looking at let's get out to claudio who can give us more details on what this draghi government will look like

>> good morning. the priority, first and foremost as draghi said initially, is that he wanted this also to be a political government this was not just going to be a technocratic government. he did give that to italy, so, you know, the balance between the parties was -- has been respected, so the balance of the representation within the country. so that has happened the five star movement, forza, italia and liga have ministries and technocratic aspect has been kept the way the market expected draghi to move environment, education, the justice system, the digitalization, the european relations he's keeping for himself, these are all indications of what we can expect mario draghi to do in the next months. of course, you know, everyone is interested to hear exactly in detail what the plan will be

we'll know in a few days he'll go for his first confidence vote. how much the parties are going to drag their feet on some issues, it's too early to tell, but clearly next generation eu is the first thing to do and decide exactly how those funds are going to be allocated as well as the management of the health care crisis that has, of course, just in the last days, as we all know, become a little more crucial with these variants going around, making the situation riskier in terms of contagion and infection. while on the other harngsd the positive note is the death rate has gone down. yesterday in italy was the day since the beginning of the year we registered the lowest number of fatalities. it looks as though maybe the way the health care system is able to manage the illness once someone is really sick is improving, but the concern that these hospitals get once again very full is still out there in fact, it's impacted italy in

terms of how it has moved on the reopening of the ski slopes. that was supposed to happen this morning and it did not go through. that was announced last minute there is concern about the economy coming back, businesses, small/medium size businesses are really suffering and are concerned about getting as much information and as much planning as possible in order to know what's going on, in order to be able to know how they need to move in the next month it's a crucial moment and everyone is really watching mario draghi to see exactly how, you know, he pans out his agenda back to you for now. >> thank you so much for breaking it down. with some really interesting developments in the spac space i want to share with you now bernard renault and former unicredit ceo look set to join the spac wave.

they will sponsor pegasus europe, listed in amsterdam and target -- european financial deals. really interesting to see the spac wave coming to europe now we're going to take a quick break. coming up on the show, dp world lends its cloud to the global effort to distribute the vaccine. more next.

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welcome back to "street signs," everybody. i'm julianna tatelbaum with j joumanna bercetche and these are your headlines. european markets on rick-on mode as they kick off in the green with the ftse 100 in the lead sterling edging higher against the greenback as positive vaccine news boosts sentiment. vivendi hits a high note, surging to the top of the stoxx 600 after they announce

long-awaited plans to spin off universal music group. spac assault former uni credit work together on a special acquisition vehicle to target european financial companies from an amsterdam listing. german chemicals giant announces plans to buy chemical in a 1$1.1 billion deal. welcome back to the show, everybody. let's check in on how european markets are faring the handover from asia was positive, capping a week of

gains for european broader indices last week. the stoxx 600 ending up more than 1%. today the picture is positive as well all of the major are in positive territory. the ftse 100 leading, up 1.4%. we have basic resources at the top of the ftse 100, also some uk banks posting a nice rebound this morning cac up 1%. vivendi is one of the stocks in focus this morning the media company is up at the top of the stoxx 600 after announcing the selloff of the universal music group. ftse up 1% italian banks, as we have been talking on the show, have been squarely in focus with the formal announcement of the draghi government and its composition of both politicians and technocrats on the way forward. that is the picture for european markets. as for foreign exchange, this is the picture, we have been watching the pound closely, shy

of 1.39, taking us back to levels not seen since april 2018 the pound continues to do very well against the dollar. dollar/yen worth mentioning overnight the nikkei index rebroke through 30,000 on the upside again it took 30 years for that index to get there and the euro we have at 121.40, so seeing dollar weakness against these geocurrencies. switching over to the u.s., obviously it is a holiday there today, which is why we're not looking at markets let's take a look at how the vaccine situation is looking u.s. scientists have found seven new co-covid-19 variants carrying the same mutation researchers are not sure if they are more contagious but have expressed a specific contagion carries a signature of an evolutionary benefit

the u.s. centers for disease and prevention opened new guidelines for opening schools, urging pupils and teachers to wear face masks and maintain physical distancing. schools will need to regularly clean facilities and improve ventilation. vaccine rollout in schools is not among key strategies introduced by the cdc. dp world has helped launch a logistics alliance to improve distribution of covid-19 vaccines around the world. they will help support the covaxx they are also speaking to american biotechnology group moderna about distributing its vaccine. >> this collaboration, airlines, that's why in dubai we are part of the logistic facility today that dubai has established

us, american, sky cargo, dubai, together are working to make sure a vaccine is being distributed and we'll put everything we have in our facility arounds the world at their service. >> you mentioned several other companies looking to distribute vaccines obviously it's available in united arab emirates, pfizer, could we see moderna come through the doors? are you willing to work with more companies than you are already? >> absolutely. we are talking already to moderna. they're vaccine is good so we're talking with them how they can help like with unicef, we can do others we are providing

airline is key uae general, two-thirds of the population you are not 15, 16 hours you are only eight hours at least 2 billion people are coming within three hour flights of dubai dubai is one of the busiest, if not the busiest airport in the world with amazing connectivity with all airlines, major hub when you look at uae with all airlines, three international airports have handle more than anybody else in the world. >> joining us to discuss the logistical challenges of vaccine distribution is robert hanfield, bank of america of supply chain management, north carolina state university thank you for waking up early to speak with us this morning in the u.s. vaccination rates

vary widely from states to states alaska and west virginia with 8% of their respective populations vaccined fully, yet illinois and california, for example, they have just over 3% of their population fully vaccinated. what's your take on why certain states in the u.s. are slower to roll out the vaccine than others >> i've been working with the state of north carolina in their department of health and human services and what i observed, based on that, is certain states have -- they have never done this level of deployment of a vaccine this quickly and many of them were not prepared to do that. they put together rapid test forces reallyist the last mile logistics that's the problem for many states, especially getting to rural areas and difficulty with the cold chain of distributing vaccines. the pfizer vaccine comes in a

case of 969 vaccines. you can't break it up to go to these smaller, more rural areas. it's just challenging to be able to be out to all areas of the state, especially for patients who are not mobile and can't get out. >> that's fair enough. in line what what we heard at davos talking about vaccine distribution, the last mile of distribution being where the key bottle neck lies i want to take you back to a much eitherer step, that's the manufacturing of these vaccines because the issue moving forward is going to increasingly be around a new generation of vaccines, booster shots that are going to be designed to address variants where there's some resistance to the vaccines we currently have when are companies going to begin to shift their manufacturing supply or when are

they going to need to figure out when to shift their vaccine supply to produce new vaccines, boosters, relative to the vaccines we're using currently >> that's a great question unfortunate, i think we're getting ahead of ourselves because right now they're not able to manufacture enough to even get the first shot of the current vaccine. one of the problems we have is something called the finish capacity a fill finish line, which is a production line, can produce about 300 million vaccines per day. you need two lines to do this 24/7, which is 150 million vaccines per year, which is about 12 lines of capacity there simply isn't enough capacity today nobody has 12 m&a lines to produce that much. there's 13 contracted manufacturing organizations in

the world that even have these production lines about half of those are already being used for other life-saving drugs. so the problem is you can't take capacity from a life-saving drug to produce a vaccine, yet we're just not able to produce enough as an industry to fulfill the demand that -- even for the first phase, within a year as an industry, over, i know everyone is working really hard to, able to produce this they've done it in the past. it's going to require additional funding. if you look at the tradeoff of governments losing $10 to $12 trillion so far because of this pandemic versus a $5 billion investment, perhaps, to ramp up capacity, i think it's well worth it and i think the industry is stepping up to ramp up capacity as quickly as they can. >> how important is the vooift

sector involvement in the distribution channels? at which point in the process does it matter the most or can it make the biggest difference, in your view >> the private sector will play a big role i think up until now it's been mainly through hospital networks we're starting to see individual pharmacies beginning to be used. in the united states at least pharmacies are everywhere. they're in the smallest town in the country. so, they really are a viable source for distribution and administering the vaccine to people i think where we start to get into the difficulties is also again in that last mile distribution to all of the private sector areas you know, the challenge is maintaining the vaccine at the right temperature all the way there and making sure it's handled roperly. we've already seen some cases of

waste in some of these areas where people aren't trained and there's a shelf life on the vaccine after it's taken out of its cold chain setting >> when people talk about the relative success of the uk, one thing the country has going for it is a very efficient centralized system, at least as far as the vaccine distribution is concerned that has all been going through the nhs. not the similar situation in the u.s. we hear a lot of reports about the inefficiency at a federal/state level versus state and local level. what type of challenges does that open up, this lack of coordination between the states and at a federal level >> well, that has been with one of the biggest problems. certainly up with of the issues is around what we call planning of distribution and allocation of the vaccine it's kind of a clunky system the way they set it up the federal government tells the

state how much they're going to be allocated they then plan that allocation and where those have to go based on their prioritization. they then tell the federal government where it needs to go. the federal government then informs the distributors where to send the allocations. this whole process is very efficient and it takes -- it's on about a one or two-week rolling week horizon it's just not the best way to plan and distribute a vaccine. and it makes it difficult for states as well as as well as the federal government ideally there needs to be a more seamless approach for planning and distributing the vaccine, which would also allow them to track inventory throughout the system unfortunately, the biden administration inherited operation warp speed which was okay, it got the vaccine up, but their plan was, once it gets to the state, it's no longer our

problem. that wasn't a really good way to think about it from a distribution point of view >> professor, we'll leave it there. thank you for sharing your insight with us this morning robert hanfield, bank of america's north carolina state university. trump acquitted. members of the republican party are at odds with one another and his branisd at a crossroads more when we return.

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welcome back to "street signs," everybody. lynksi ceo on the program. under your leadership, they have undergone a transformation away from being a commodities chemical company to much more of a specialty chemicals player help us understand the strategic rationale for this deal.

>> well, they fit perfectly into the strategic transformation because we're going kalama with around 500 million in sales into flavor and fragrances, food and bevs and for these end markets we see continuous growth in the years to come, high margins, high cash conversion so it's the perfect fit with our portfolio going forward. >> you have a very strong track record for m&a, for integrating businesses quickly what should investors expect in terms of synergies for this dole and where specifically where the synergies come from? >> well, the synergies would come one-third from top line because both businesses are very

complementary in nation, and two-thirds from a cost energy because we have a global force in which we can on-board the kalama applications and for that reason the deal is in itself highly financially attractive. we will be on a reported eeps basis from day one and the synergies we are going to get over the next three years are substantial. it's around about 30% of existing profitability we will gain around about 30 million bottom line profit expansion. which is on 100 million ebitda we will transform this business into a high margin business 20%

plus and, therefore, it will be a strong fit with our portfolio going forward. >> another area that investors are interested in is that with respect to your jv with standard and i understand you will making a decision on this jv hopefully in 2021. what can you tell us about where things stand and what can you expect if the jv goes well steam ahead. >> you are fully informed. the jv is something we're contemplating where the technology is still being tested it's innovative technology and should this technology work, we will most likely find that out in second quarter this year. this is a free option. the potential we would have

through then building lithium extraction units and building an entire new market for ourselves, lithium is one-third raw material i think not only in tesla and elon musk, who will will be rejoicing when they hear of the success of this project, it will be the greenest lithium extracted on this planet therefore, we think this gree option would be a great opportunity going forward. it would definitely change further our face of the company in terms of financial matrix, et cetera, but first of all, the technology to be tested in the next three to mour months and we'll report to you, most likely, on one of your television updates every morning. >> we're looking forward to that, for sure, especially if you come to us one final question i want to ask you about. you mentioned raw materials. are you having any issues for

raw materials. especially during the pandemic we talk about a lot of bottlenecks that have occurred. >> it has to be on the regard of any industry these days. i'm fortunate to say we have a procurement logistics, regardless of their home office or headquarters, active 24/7 so far our supply chains have not been disrupted neither in 2020 or in q1. we see things are operationally fully on track we see this is an issue for the industry but so far we dealt with this next treemly professional ways. >> thank you for your thoughts on the deal and as well as the other issues that investors may be interested in

former president trump has been acquitted by the senate in his second impeachment trial 57 senators voted to convict trump of inciting the deadly riots on january 6th, falling short of the 67 needed for the super majority those who voted to acquit, all republicans. mitt romney voted against trump in his first impeachment vote in february i'm happy to bring in lecture and politics instructor. thank you for speaking with us today. what does it tell you about the grasp that president trump still has on the republican party, the fact that only seven senators voted to convict even though many were vocal right afterwards, and even mitch mcconnell saying, well, there's no doubt that he did help provoke and incite the mob, and yet they couldn't actually come around to it and formally go down the indictment route?

>> well, you're exactly right. i think what we saw in the vote is the conflict we're seeing right now in the republican party, and that we'll continue to see play out further. he know many senators based their vote on more of a procedural argument. that's what we heard from mcconnell himself. even while he did come -- did criticize quite strongly trump's actions on january 6th, he said this process, this trial after the president has already left office is not constitutional, in his view so,s that was the argument we heard many of the gop senators using that allowed them to still vote to acquit the president but avoid defending or seeming to be in loin at all with his actions or words leading up to those events i think it's yet to be seen how this plays out moving forward. mitch mcconnell as party leader in the senate for the republicans very clearly wants to break with trump but not

break with the party i think he's seeing the long game, he wants to start pushing back against the trump elements but in a way that does not fracture the party even further. we know republican voters are very split on this about half of the party wants to stick with trump, about half would like to move in a different directions for this vote itself, i think we still see the influence trump has. we know over 70% of republican voters would have seen a vote to convict as a voight of disloyalty and would not have supported their candidate ahead. there was a lot of pressure on these gop senators from their own voting constituents, if you will, to not stick their neck out. >> there's a lot of speculation around whether we see some of these anti-trump republicans branch out and look to form a third party. what are the chances that actually materializes and has the prospect changed after this

vote >> there certainly has been much more discussion and momentum within the party about these conversations of if not a third party a third faction within the party to push back against trump. there have been more discussions over the past week and even just over the weekend after the vote led by ed mcmillan was one, others who are joining this movement, so to speak. with all that said, an actual break in the party and an actual substantial third party is still a pretty far cry the united states has run very traditionally on a two-party system it's very difficult for a third party to get traction and to be successful and what we see instead is maybe a fracturing element within the party, pushing each other at primaries, pushing at intraparty level but when it comes to elections, usually sticking to that two-party model. >> what have democrats achieved

out of this, aside from a marker for the history books? >> well, i think that's one of the questions many have, was it worth it from the democratic perspective, it was they were efficient in laying out an emotive case about what happened on january 6th and also former president trump's actions and words leading up to that democrats were hoping throughout this trial knowing the senate would probably not vote to convictthat at least they coul lay out a case to the american people, set a public record for what happened and let voters decide for themselves if they still would support a candidate like trump in the future or support the actions that he legitimized. they're hoping this at least made things that much more clearly for voters and establishedimpunity, if you will, these actions would not be tolerated or slide in the future even without a full conviction >>. >> thank you for your thoughts today on the show.

julie anonormand. the u.s. markets are actually closed today for presidents' day. let's take a look at how european markets are faring on the very first day of the week you can see all the majors are trading in positive territory. ftse 100 up 0.4% commodities are doing well, no surprise given the bounce in oil, back to levels not seen since the beginning of 2020. that is the focus today for european markets that is it for "street signs." i'm julianna tatelbaum alongside joumanna bercetche stay with cnbc we'll be back tomorrow

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lemonis: tonight on "the profit," precise graphix creates custom designs for stores and shops... this is something that you designed? dean: yes. lemonis: ...run by two brothers who produce solid work, but not a solid profit... keith: what are we gonna do? we're gonna get rid of somebody? dean: if you went by these, we'd get rid of everybody. lemonis: ...and paralyzed by a lack of vision... keith: i've always been concerned about getting a customer and then losing them. lemonis: but you got to get one to find out if you're gonna lose them. they have debt on their books. jess: you don't know if you're gonna have a job in another couple weeks. maria: i don't want to go look for a job. i love my job. lemonis: ...and equipment that's out of date. people still do business on floppy disks? [ laughs ] without major changes, precise graphix will be just another factory