north west. supercross from arizona gate drop 10 p.m. eastern. live on peacock. >> so for ricky and daniel and >> so for ricky and daniel and will, i'm to when we started our business

we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that.

shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. and this is ready to go online! any questions? shipstation. the #1 choice of onlinyeah, i got one: how about the best network imaginable? let's invent that! that's what we do here. quick survey. who wants their internet to work pretty much everywhere? and it needs to run smooth, like, super, super, super, super smooth. hey, should you be drinking that? it's decaf. 'cause we're busy women... we don't have time for lag or buffering, right? who doesn't want internet that helps ai do your homework even faster?

come again? -sorry, what was that? uhhhhh... the next generation 10g network. only from xfinity. the future starts now. give your small business one tech solution that checks all the boxes. it's all here with the comcast business complete connectivity solution. peace of mind with cyberthreat security. the power of the largest, fastest reliable network. plus, save up to 75% a year with comcast business mobile. the complete connectivity solution. from the company powered by the next generation 10g network. get started for just $49 a month. and ask about an $800 prepaid card. comcast business. powering possibilities™.

it's hard to run a business on your own. with shopify, you have everything you need to setup your online store, to connect with customers, and to bring your dream business to life. because when we work together, the future is bright. these days, your customers are not just down the hall. they're all over the world. so cute. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free

trial today.

hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipstation.com/tv and get 2 months free

welcome back to "street signs." i'm joumanna bercetche. these are your headlines. first citizens agreeing to buy silicon valley bank taking on deposits and loans of the lender in the $72 billion deal. silicon valley bank takeover eases contagion fears. he sees banking conditions

improving despite the recent turmoil. >> we see currently an easing of credit constraints rather than the tightening. that may change in the coming weeks depending on how the banking situation develops. the saudi national bank announces a border shakeup after losing $1 billion of the credit suisse investment as the chairman resigns sparking a stock market selloff. and the french prime minister elizabeth warren meeting over pension reforms and emmanuel macron calls for calm. >> i assure the police who did an exemplary job of my support. the country needs to move on. we need it and deserve it. welcome back to the show. some more calmness today.

you see the stoxx 600 and you're ben indices trading in the green. the stoxx 600 ended 1.4% lower on friday. still, however, it is worth pointing out for the week that the stoxx 600 did actually eek out a gain of 0.9%. on friday, we ended the session down 4.6%. we are doing a lot better. there is calm coming back to the market. a concern that perhaps some of the overblown fears about deutsche bank and the other european banking stocks on friday were overplayed. today, there is normalcy. dax up .6%. better expectations and business climate which were a surprise to the upside. despite the german economy, businesses are feeling

optimistic. cac 40 is up .8% despite the protests. the ftse 100 is up .6%. in terms of the sectors, let's break it down. healthcare is up 1.6%. one of the names we are looking at is novartis. i'll get to that shortly. we have autos up and construction up 1.3. the banks are also up 1% now as well. on the down side, basic resources dragged down by the weaker data we had out of china yesterday with industrial profits in china plunging 23% in the first two months of the year. that is having a knock-on effect on basic resources in europe. in terms of individual stocks, let's point out novatis up 5%. bearing back half of the losses we saw on friday. we also have some of the italian

banks trading heavy under water today. we have banc down 4% as well. we are not out of the woods for the european banking system. there is focus on the italian banks as well. let's tell you what is going on with novartis. it is 6% higher today. the company says the breast cancer drug has proven to cut risk in female patients. the late stage trial for the drug showed positive results alongside endocrine therapy. that is promising in the field of cancer. the breast cancer drug producing good results there. s have -- having a positive impact on the company. this is a switch to the major dollar weakness. the euro is trading higher.

you think with the concerns of the european banking system, that would not be the case. this is moving higher. we have the pound trading shy of 123. .25% firmer. we have the dollar and swiss franc in focus with the swiss banking crisis was right at the center of the forum last week. we have the franc trading stronger to the tune of .30%. in terms of u.s. futures, this is the picture for the three majors. we are seeing some positivity come through as well. this is also after all of the markets managed to edge higher on friday after starting out in deep negative territory. the tension is turning to the macro data we get this week. keep an eye on pce which comes out on friday as well as other data releases during the course of the week people will watch

out. the pce number will be key for direction on where the fed goes from here, of course. satellite service provider, inmarsat showing a rise in the quarter and significant improvements in aviation. it is positioned for further growth despite macro challenges. let's get to rajeev suri withinmarsat. can you give us an overview of the fourth quarter results and whether you were happy with the performance of the company given the challenges out there? >> good morning. thank you for having me. i was very pleased with the fourth quarter read. we grew 16% in revenue and 22% in ebita.

we grew faster than the overall market. all four of the business units were growing. we had maritime growth and strong growth in aviation at 36% and 37% for full year. strong growth in government. this is the seventh consecutive year of growth in government business. this was a record business of 23%. and enterprise issues rebounde. all businesses grew and three were strong double digit growth. >> you mentioned the supply chain issues impacting the beginning of last year. what are the industry challenges here looking ahead for 2023? >> we think this year will be stronger than last year in terms of revenue as well as ebita.

again, we have strong cash flow. we grew 31% cash flow overall. supply chain was an issue for us. especially in relation to supply of components that power the satellite phones. that is easing a lot more. i think we have not seen an issue in terms of momentum. we have not seen macro headwinds. i expect momentum to continue. we have a strong technology road map. the biggest in our history. this is the last two years of growth. maritime, about 37% of our business, did not grow for a number of years prior to 2023. declining about 5% on average. now it has grown for the last two years. i believe maritime will be growing from here on. we see strong momentum in each of the businesses. >> let's talk about the

satellite industry. hurdles in the uk. they have given you okay for the tieup in the eu. you are confident it will go ahead? >> i think we are confident because phase one in eu was similar results to the uk. we are provisionally approved in uk. we have the european commission in phase two. we are confident we can work for them to understand itcompetitio. there are a number of players coming to the sector. competition is intense and we hope we can work with them for them to understand the evolving nature of the competition in the industry. then we have the s.e.c. in the u.s. we expect that to soon get

approval unconditionally in the next couple months. >> you talk about the deep competition with the likes of starlink and amazon getting big in the space. chinese competitors, too, which in some cases, actually backed by the states. how can you compete with players that -- players with the new entries in the market are less concerned about the economic finances than sheer growth at this point? >> you are right. some of the mega constellations with longer issues in mind. they are not constrained by that. they are investing more than the industry. number one, i think the industry will go through consolidation and too many players -- more than 50 players in the industry. probably 50 too many if you look at what will happen in the next

few years. we are well positioned, but i think this is the reason we've planned to merge. we hope to grow in scale and compete for the long term. we don't compete with viasat. we said that this will be a $4.1 billion revenue company. free cash flow will be two times that of viasat doing stand alone. we see strong synergy. we see this come together. we can provide redundancy of connectivity. this will strengthen competition. it is good for us. it helps very much that inmarsat has strong position. there are deep pocket players. yes, china and a couple of other constellations from there.

we talked about starlink and amazon and a few other new low orbit players backed by government or strong money. consolidation will happen. we were the first off the mark. >> rajeev, when you talk about the global tech race, you talk about semiconductors or clean solutions to energy. less about satellites. you are saying all of the companies in the world are racing to get involved. how pivotal of a role is satellite technology going to play in the global tech race? >> first, i have to say it is underestimated the decarbonization of the space sector and what satellites can do. satellites do a lot on a daisy

-- daily basis. we have worked and issued a report that suggests the satellite industry is reducing 1.5 billion gigatons of decarbonization every year. we think that if the current technology that is deployed in three sectors, energy, agriculture, land use and transportation, which is 60% of global greenhouse gas emissions, if they are deployed more actively, that can become 5.5 billion gas emissions every year. that would be 8.8 billion tons in the future. that potential of the space sector is about 18% reduction on an annual basis. a lot of potential there. i'm concerned about space sustainability and space debris. the industry needs to do more.

especially with the rise of mega constellations to limit the potential of space collisions and debris. we have very strong decarbonization potential that policymakers need to wake up and understand. >> very interesting. very good place to leave it. rajeev, thank you. rajeev suri. ceo of inmarsat. president herzog called on the government for overhaul after the prime minister benjamin netanyahu fired the country defense minister over opposition to the plan sparking mass protests in the country. takeoffs from the tel aviv airport have been suspended. the government rethink the approach to reform earlier this hour. >> translator: i call on the government to come to their senses and stop legislation and talk to us. we don't have to crash.

we don't have to fall apart. there are solutions. i call on the coalition. let's go to the president's residence and start a dialogue. at the end of which, we will have the constitution based on the declaration of independence and in a country we live with mutual respect. people in germany are bracing force mass strike on the transport network. airports and ports and railways and buses are all on strike over higher pay and what is set to be the largest walkout in decades. germany's largest operaor called it unnecessary and excessive. french prime minister elizabeth borne is set to meet with opposition leaders in a bid to end protests. trade unions are calling for fresh strikes this week and buckingham palace called off a

state visit by king charles. let's get to charlotte who is joining us from paris. what can be done to end the strikes? >> reporter: joumanna, it feels we are at a turning point. great for paris yesterday. it is hard to believe the violence and chaos in the streets a couple days before. it feels that there has been a lot of protests and strikes and demonstrations since this was introduced in january. there has been a big issue in the past ten days after the government pushed through with the pension reform minimum age of 62 to 64 without a vote. there was a vote of no confidence and it was a very close call for the government. on thursday, last week, this ninth day of protests which had been very successful and massive and peaceful.

things have deteriorated quickly. that came on the back of the interview with president macron on wednesday when he did not try to apiece the mood of the people. he repeated in the press conference from brussels. >> translator: we have an agenda. it will continue to move forward. there are the protests in the face of violence and we will continue to come down hard. i condemn the violence i saw yesterday. i call everyone to take responsibility and assure the police of my support. the rest will continue to move forward. the country deserves it and needs it. >> reporter: this violence implies the visit for king charles iii had been postponed

with the current environment in france. they decided to postpone this trip. the weekend has been actually relatively peaceful. there is still a lot of nervousness. tenth day of protests and demonstrations organized by the unions. the worry there could be more violence in the evening. we know the president and prime minister will have lunch together to discuss the situation. the prime minister will meet with the leaders to talk about the future. there is no back tracking on the reform. they will move forward in the current situation. this is a turning point if this is a movement and if this fizzles out. the next steps are crucial. >> you are saying a u-turn is

not in sight at all. it is interesting how this plays out politically for emmanuel macron. charlotte, thank you. also coming up on "street >it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today.

hi. i'm shannon storms bador. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we couldn't do it without shipstation join over 100,000 online sellers who get ship done with shipstation go to shipstation.com /tv and get 2 months free.

[ ominous music playing ] here we go! level up your speed. mario! yea! [ screaming ] introducing the xfinity 10g network. super fast internet today. with even faster speeds tomorrow. woo-hoo!

welcome back to "street signs." first citizens bank will take over silicon valley bank in a deal totaling$72 billion. it will include the deposits and loans. big story, of course, we have been monitoring. we have information on what is happening to the assets of svb. happy to bring in the head of equities of asset management. good morning. how is the banking stress playing in how you think about portfolio allocations? >> good morning, joumanna. thanks for having me on. we believe we are at the end of the rate hike cycle.

you see that until something breaks and that happened with silicon valley bank. we need to get to the next period and higher rates and unintended consequences. we expect more volume activity. -- expect more volatility. we see focus by macro commentators at the macro level. we saw valuation opportunities in europe and the uk in q4 to play the structure themes. falling global leaders. it will benefit from the u.s. infrastructure bill and in europe, it sold off a domestic company. we do see good stock opportunities. >> the secular opportunities. i want to go back to the volatility in markets. you have to think about interest rate risk as well.

over the course of the last couple weeks, u.s. interest rates from pricing in hikes for the year to pretty much 100 points of cuts. how do you hedge that interest rate risk in your portfolio? >> we're global equity managers. the peak in rates is a tailwind for valuation. we will move into the cyclically slowdown phase. where we see the structure opportunities and companies that can grow through the cycle benefitting through a.i. and seeing the resurgence of nvidia. also, i mentioned $1.2 trillion infrastructure bill. those contracts have been signed. many companies we speak to as i was in the states a few weeks ago are seeing the contracts come through in the second half of the year.

underneath the volatility, they will play through and be de-rated. >> i have about 30 seconds. quickly, i know you are interested in a.i. chatgpt is a game changer? >> absolutely. gpu, graphic process unit, will power the back end. great for companies like nvidia and these are long-term names. >> i would love to have you come on again for a longer chat. we're squeezed on time today. i love to hear how your focus on the longer themes is still in tact. head of equities for mirabaud asset management. a quick look at the futures. they are opening up in the green. that is it for the show. that is it for the show. my name is ashley cortez

and i'm the founder of the stay beautiful foundation when i started in 2016 i would go to the post office and literally fill out each person's name on a label and now with shipstation we are shipping 500 beauty boxes a month it takes less than 5 minutes for me to get all of my labels and get beauty in the hands of women who are battling cancer so much quicker shipstation the #1 choice of online sellers go to shipstation.com/tv and get 2 months free

millions have made the switch from the big three to the best kept secret in shi wireless: xfinity mobile. the #1 choice of online sellers that means millions are saving hundreds a year with the fastest mobile service. and now, get the best price for two lines of unlimited.

just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... right now, switch to xfinity mobile and save up to $800 on the new samsung galaxy s23 series. to learn more, visit your local xfinity store today. [ ominous music playing ] here we go! level up your speed. mario! yea! [ screaming ] introducing the xfinity 10g network. super fast internet today. with even faster speeds tomorrow. woo-hoo!

it is 5:00 a.m. here at cnbc global headquarters. here is the top "five@5." breaking news. first citizens bank buying silicon valley bank. the latest details on the deal. the markets looking to build on the back of the winning week in tech and feeling the shine. plus, the fed's neel kashkari looking to calm concerns around the health of the banking system.