that's it. throw them in the back seat of an suv and just leave them somewhere. that's horrible. that's horrible. -- captions by vitac -- ♪ good morning and welcome to "street signs." i'm silvia amaro and these are your headlines. a pmi pickup in spain, ately and germany helps lift the stoxx 600 and prop up the euro as markets kick off the first full week of trading with eurozone data crossing the wires right now. tech stocks lead gains in

european trade with chip stocks soaring with the fourth quarter revenues on the back of strong a.i. demand. markets weigh the key speech from the nvidia ceo. chinese services pmi hits the seven-month high in december, but the looming threat of tariffs hits weighing on domestic stocks and pushing the yuan to the six-month low. and elon musk extends his political interventions calling for a snap uk election and new leader of the right-wing reform party. arguing it doesn't have what it takes. very good morning, everyone. we start today's show looking at the latest pmi reading for the

eurozone. let me share the numbers with you. the composite number came in at 49.6. that's the final reading for eurozone pmi. that's actually slightly higher from what had been expected, but just marginally really. thinking about services. services is also coming in at 51.6. so, above that 50 threshold and slightly above also what was expected going into today's final reading. all in all, though, we know the eurozone economy has been in a precarious state, really. a lot of pressure on the manufacturing side of things, but inindeed, services continue to out perform. we will discuss that later on in the show. before i carry on, i want to share figures we obtained for germany as well as france. the two largest economies in e

eurozone. the final composite figure came in at 48, that was slightly higher than expected. for france, the inal pmi came in at 47.5 also slightly above. even in the readings, you can see the pressure is still ongoing for the two major economies in the eurozone. of course, that has wider repercussions for the eurozone. let's see what 2025 has in store for the euro economy. these readings continue to show the weakness for both germany and france. with that in mind, i want to see how european equities are reacting to the latest figures. speak of the stoxx 600, we are up .30% at the moment. this is actually a bit of a change from the narrative we have seen an across the equity space on friday. we had the benchmark down .50%. let me show the different bourses to give you a better

idea of what is happening across the continent this morning. speaking of france, the cac 40 is up .70%. xtra dax is in the green up .50%. european bourses mostly in the green at the moment, however, we are seeing a little bit of pressure for the ftse 100. thinking of how the different sectors are moving, let me show you those at the moment. tech is the out performer. we are up 2.7%. we are seeing significant moves in the tech space today and there are several reasons behind that. let's dig deeper here. two significant pieces of tech news helping driving these gains. one of them is related to foxconn. the company reported the highest ever fourth quarter revenue up 15% on the year to $64.8 billion. now, the apple and nvidia assembler cited strong a.i. demand and forecasted

significant growth in the first quarter sales. also on friday, microsoft announced plans to spend $80 billion in fiscal 2025 on the construction of a.i. enabled data centers. that is propelling momentum for chip stocks across european space. let me take a look. we have asml up 4%. asmi up similar levels. infineon is up 6% at the moment. i want to discuss what is happening in the european markets and beyond, really, with my next best.guest. ben richie. happy new year. good to see you. >> good morning. >> first of all, i would like quick reaction from you in what we are hearing this morning in it terms of pm is. they are coming in as we expected expect ed, but we are seeing pressure

for france and germany. how is this impacting the markets for 2025? >> i think we are seeing what we have seen the past couple of years where we are seeing weaker manufacturing pmis and service pmi. at low level across most of the northern european markets. spain actually the outier there. we are seeing a sluggish outlook. whether that matters that much for the individual stocks is a debating point. from that macroeconomics perspective, it remains pretty soft. >> what will be the event? the thing you would highlight when you think about european markets in 2025? >> the things i think really matter, actually, are less about the domestic macroeconomics picture. i think that matters for confidence. it matters for people like me to sit in front of clients and tell

them why we're putting their money to work in europe. it helps to have a comforting macroeconomics back drop. i'm not sure that matters in returns. the best market was germany despite it be terrible because the s&p is doing well which has less to do with the german economy. on the other hand, france, similar performance and weaker stock market returns because the chinese exposure to the luxury goods companies and consumer parts of the market which was weak. you have to get in at the company level to understand the country level market returns. >> interesting. before we carry on, i want to show our viewers how the u.s. futures are shaping up at the moment. of course, we have a couple of hours to go before the u.s. stocks start trading. nonetheless, i want to put things into context. suggesting it could be a positive start to the trading day on wall street. i want to show you how we moved on friday.

we were higher across the three indices. we have the numbers on the screen at the moment. today is a very important one for u.s. equities. we have a lot of data coming through. ben, one of the highlights is, no doubt, the jobs report on friday. i would like to understand here is whether we are too optimistic at this stage when you think about u.s. equities and perhaps some of the data we might get this week is actually shaped that a little bit. >> i think the data will show part of the story in 2025. we have seen a re-pricing with the interest rate cuts coming through. we are looking for one in the market now. in 2025, we are three or four five or six weeks ago. there has been a big shift there. i think we will see a relatively resilient economy. it is all again about the performance of the individual companies and whether they're able to continue to both drive the underlining earnings and sales performance, but also the narrative that continues. that's been the thesis that's

been so important for driving u.s. equities ahead for '24 and '23 and are they able to maintain that focus for investors by keeping the story primarily on the front foot in the year ahead. >> talking about that narrative, i wonder where the balance is between investing in a.i. which investors want to see, but also spending too much on a.i. which investors have also raised concerns about. where is that line, do you think? do you think big tech will manage to strike that balance this year? >> i think it is a really interesting question, right? it depends on the investors' perceptions and their appetite for risk pause you can cut the arguments both ways. on the one hand, large leaves of investments mean profits. it really depends on the mind of the market. i think the market continues to be pretty positive. the overall arguments for

exceptionalism is robust. you can paint an opposite picture of that and maybe the prospects don't look so good from the free cash flow perspective given the dynamics in cap ex. it comes down to the sentiment which is very difficult to call. i think the important piece to say is the returns have been very narrow. they depend on the number of key stocks to continue to retain that story and they're not able to do that and that will change the overall returns. who is to say what it would be that changes that, but it is a clear and present risk it needs to change. >> it is actually quite a delicate situation. i would like to understand what stocks do you think we should own in the next ten years because when i was reading your notes, you suggested the growth rates we witness over the next

decade are much smaller compared to what we witnessed in the past. i wonder where the protection is for investors given the lower growth? >> the story for me doesn't change in the global perspective. growth is pretty hard to come by on a global basis over the last decade. focusing on companies that are focused on structure is the better play to go with. that's where investing in the u.s. or in europe. over the last two or three years, markets, ex u.s. driven by the cyclical factors. i think moving forward from here having seen the recovery in interest rates and covid and it is time to look back at the cyclical side. ten years say long time, silvia. i think we are looking for the companies that are able to deliver superior earnings growth. that is key driver from here. you see the multiples come through. >> let's look at those income statements going forward.

we appreciate your time today. ben ritchie at be aberdeen. coming up on the show, china pmi numbers are coming in for december. we'll have the details after this break. ♪ ♪

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welcome back to the show. time now to get a check on how asian bourses fared earlier today. it was actually a bit of a mixed session across the asian equity space. i would like to focus on the nikkei 225. this is down today as we have seen pressure on the bond market. we also heard from the governor of the bank of japan saying they are ready to increase rates depending, of course, on the

incoming data. that's one to keep monitor across 2025. over in china, we had the hang seng down .40%. shanghai composite march ginall lower. this despite concerns regarding the upcoming administration in the united states and what it could mean for chinese equities. moreover, the latest data out of chinese. the services activity grew at the fastest pace in seven months in the month of december. overseas orders fell. the services pmi fell 52.2 last month. the fastest since may. the composite reading fell to 51.4. now our very own sam vadas filed this report. >> reporter: the report showing activity the most in seven months and that's encouraging news, but if you look under the

hood, it wasn't rosy, overseas orders fell for the first time since 2023. companies shed workers for the first time in months citing cost concerns. also hampering is business confidence. that is the lowest since the start of covid as businesses stare down the barrel of another round of potential trump tariffs. this survey looks at the smaller and private firms in china. think bars and restaurants in the coastal towns, but was consistent with the official survey which looks at the bigger and state-owned firms. we will get more information with china closing out the years with the inflation numbers are thursday. chinese stocks to a three-month low in morning trade as the yuan fell 16 months against the dollar. it hasn't been a great start to the year.

the blue chips had the worst week in two years as investors remain concerned about the economy and lack of stimulus and incoming trump administration. in singapore, sam vadas, cnbc business news. >> we have duncan here with us. welcome to the show. i would like to get the information on the data we obtained today. i would like to understand how concerning it is the read on international orders having dropped in the month of december. do we need to read that with a bit of caution and also a potential trade tariffs coming from the united states? >> yes, absolutely. you can see in the index firms are asked what do you think about future output and all of the pmis, not just today's pmis, but last week, chinese, all saw the big fall in sentiment. if you read the reports, firms

are saying we're orried about trade protectionism. >> that's it. we don't have the certainty. we don't know exactly what donald trump is going to do. whether he is going to impose tariffs. what is the outlook for the chinese economy this year? >> so, the external outlook is very uncertain. i think we can all agree it is negative. >> despite the promises of fiscal stimulus ? >> so domestic economy. that's the question. what is the chinese government going to do to mitigate? i think it is clear they will stiff up fiscal stimulus. i think you can interpret, for example, they have done targeted stimulus, but still quite retrained by many market analysts. they do have some more room to

step up stimulus, you know, come march, and it's going to be responsive. it will see what does the newest trump administration do and how can china respond. it will be a back and forth, not a one-shot game at all. but, when all that's said and done, i think it is likely any amount of plausible chinese fiscal stimulus will only provide a partial offset to the negative effect of the global trade situation. >> ultimately, though, i would like to understand also how we are reading the data around the chinese consumer because obviously there's the promises and some stimulus announced by the authorities, but at the same time, we know we are approaching a very important time of the year with the consumer with the chinese new year celebration coming up. how would you describe the state of the consumer at the moment? >> yeah, i would say the general chinese consumer is still in the

post-pandemic sluggish kind of dismal recovery mode. now, there are pockets of spending which have picked up largely because of stimulus. you know, whether it is electric vehicles or home appliances. the next round is going to be mobile phones, but essentially what is happening here is the government is giving incentives for spending now rather than the forward. they are not creating additional demand. the big question for consumers is whether some of the stimulus actions can start to filter out to the broader economy and create a stronger jobs market and start to give people proper jobs. we have a lot of young people last year without jobs. >> i was reading how it is so hard for young people to actually find jobs and jobs in the areas they actually studied for. how would you describe that? i know we also don't have a lot

of data to help us figure out the situation with the youth unemployment like. from the pieces of data that you do have, what is the sense you get this terms of youth and employment? >> my sense is the government has, last year, put forward a bunch of policies to ensure that many of the youth who would be unemployment, at least have something. that might include taking a low pay job in the countryside as a rural librarian. it might include going for further study if you are a graduate or post-graduate study or other kinds of training. they have managed to engineer down the formal level of how many youth are not employed, but the underlining situation of the labor market is still very weak for them. you see companies this year also shrinking head count in these areas. >> so, what are the ramifications of that going forward? surely that's not a good sign when you think about the future these are the workers of the

future? >> there could be some lasting damage. i think for the economy going forward, the question is, you know, in any economic recovery, especially this kind of long, prolonged structural recovery that china is going for, china switched the growth evening i hope engine. the question is can china start to press the right buttons and encourage recovery in some areas year by year create better jobs for youth and encourage them to have more confidence and get back on the property market. that's obviously one of the al areas that is increasing and gradually repair the economy. >> it is interesting you brought up the issue around the property sector. do you think that will continue giving headaches in 2025 or is the situation somehow a little bit more stable this year?

>> both. so, the property market is in the "l" shape recovery. the sales have fallen in half since the peak. the encouraging sign is the better markets, the bigger cities, things are stabilizing and sales are picking up and prices are stabilizing. for much of the company, any are still in trouble and it will take a while to recover. the good news for the chinese economy, i think, is a property market which has been acting as a big drag on growth the last few years. that drag will lessen this year whether it's in terms of sales, construction, but, you know, it's not going back to where it was. it's an "l" shape. it is not going back up. >> let's see what will happen. we appreciate your thoughts this morning. duncan wrigley at pantheon. i want to take you to live pictures in south korea. investigators are seeking an

extension to an arrest warrant for impeached president yoon suk yeol over his shock decision to declare martial law last month. on friday, the authorities failed to serve the warrant which expires today following the standoff with security forces at yoon's official residence. supporters of the president have been protesting outside his compound throughout the weekend. on a visit to seoul, the u.s. secretary of state ing blinken expressed concerns. >> the united states has full confidence in the south korean institutions and we reaffirm support for the korean people as they worked tirelessly to uphold the institutions. we trust that the republic of korea is a global leading

democracy will proceed in accordance with the constitution and rule of law. coming up on the show, we break the final pmi numbers as it points to a shaky confidence among businesses. also coming up, mourners bid farewell to former president jimmy carter who lies in repose in the state of georgia. >> i like to be remembered as a champion of peace and human rights. those are the two things that i've done as a died guide for m life.

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a pick up of eurozone pmi helps prop up the euro with the key services sector rebound in expansion territory. chipmakers soaring after foxconn posts record earnings on the back of strong a.i. demand and markets await the key speech from the nvidia ceo. chinese pmi hits a seven-month high, but the looming threat of tariffs under donald trump hits foreign orders and pushing the yuan to a six-month low. and elon musk calling for a snap uk election as well as a new leader of the country's right-wing reform party. arguing igel farage doesn't have what it takes.

time now to get a check of how we're moving so far across european equity space this monday morning. european equities have been trading for almost one hour and a half thus far. so far, though, we have the stoxx 600 up about .20%. we are mostly in the green this morning. let me show you how the different powers are faring across the european continent. here, we get a better idea or better picture that it is on the continent we are seeing one of the positive mood. the cac 40 up .70%. the xtra dax in germany up .4%. look at the ftse 100. we are down .20%. we are about to get the latest pmi readings for the uk. i'll share those with you as soon as we have them. meanwhile, let me show you the different sectors are moving as well. we have seen a lot of momentum for tech names. tech is the best performing sector at the moment.

we're up almost 3% partially that that's do with the latest foxconn message. the company saying over the weekend that their latest sales numbers were quite strong. they reiterated a lot of a.i. demand and that has actually propelled across the chip sector also in europe this morning. in terms of the worst performing sectors, this is what we have at the moment. we have travel and leisure down 1.1%. utilities down .60%. we have the latest pmi readings for the uk. let me share those with you. the pmi composite came in at 50.4. it is actually marginally lower from what analysts were expecting. in terms of the services pmi, the fine al reading came in at 50.1. that is lower from the 51.4 expected. so, we are seeing actually a lower reading for services this

morning for the uk economy, but all in all, though, we are still seeing an overall composite figure that is slightly above that 50 threshold that basically separates contraction from expansion territory. when you think about what we heard now from uk pmis as well as what we heard earlier this morning, all in all, though thinking about it, services is still quite actually strong for the uk economy and for the eurozone economy. all in all, though, this reading we obtained for the uk is slightly worse from what analysts were expecting. speaking of uk economic activity, let me share this as well with you. business confidence fell to its lowest level in two years following october's budget with the share of firms sliding tax as a concern hitting the highest level since 2017. that's according to the british chambers of commerce which says

more than half of the companies expect to rise prices in the current quarter citing the tax from government measures. the director general told cnbc that the chancellor needs to do more to support businesses. >> we recognize what she said and she has to increase taxes to fill her black hole, but what we need to see her do now is mitigate against that. what will we do to drive the economy? so, businesses will have to shoulder this tax increase, but what we want to see her do is act and act quickly. it is important to put strategy in place and industrial strategy and interest plan, et cetera, for later this year, but we need to see action now. we need to see progress now. >> that was on the economic data. in terms of the political news, elon musk has been sounding off on uk politics. first accusing the prime minister keir starmer of failing to bring child abuse gangs to

justice while director of public prosecution and calling for a snap general election. then on sunday, hours after reform party leader nigel farage described musk as a hero, the tesla ceo called on the party to dismiss farage's leadership saying he doesn't have what it takes. musk continued his criticism this morning of the uk posting a poll asking whether america should liberate from the tyrannical government. and giorgia meloni has met with trump at mar-a-lago. the pair met for dinner days before the current president joe biden is due to visit rome in the final scheduled trip. meloni said she was ready to work with america's next president. in the u.s. politics, house

speaker mike johnson says president-elect trump would like to pass one big beautiful bill using reconciliation including border security, energy and tax policy. republican lawmakers had been split over whether to try to pass one or two bills using the reconciliation process which suspends the senate's 60-vote thresholds for proposals related to tax and spending. these comments came after johnson narrowly won speakership after two members voted against him. i'm pleased to say leslie, the director of u.s. and america's program at chatham house is joining us today. leslie, first and foremost, i would like to look at the re-election of mike johnson as the speaker. i just would like to understand how are you reading the reversal in terms of voting, in terms of support for mike johnson?

any sort of conclusions you can take there that guide us what to expect from congress next? >> um, i think we see a republican party that has a very slim majority that clearly has a number of members of the party who want to see real limits on spending and that are willing to pull apart from their party and p expect a lot in order to stay with them. so, i think this is going to be a tough congress for president trump. not nearly as smooth as we initially thought it might be. that's a very slim ha majority it's a divided party. this ambition to get through the omnibus policy and renewing the tax cuts. these are extraordinary measures to put all in one package which is different from what we had

initially heard from republicans about what they want and, yes, the party came together. clearly donald trump had endorsed mike johnson several days before last friday's vote. even that wasn't enough to initially get all the votes needed. there was some behind the scenes brokering and bargaining and those people who switched their votes, a few of them, they will have expectations, they've signalled to the party and all americans they will not roll and play ball on any part of the agenda. this is a very fine mountain to climb even for a republican party that, you know, has majorities in the senate and in the congress and in the white house. >> interesting. i would also like to look at the fact that today marks four years now since we had the riots on capitol hill. what i would like to understand here is whether the president --

is your working assumption that donald trump is going to pardon everyone that was involved with that? >> i think that donald trump would very much like to execute on those pardon to move forward and reframe the historical narrative about january 6th and he certainly may do this with the pardons. it's going to be very hard to bring all americans along with his hope for a narrative of what happened quite simply because we all watched it on our television screens and secondly because of the hearings that were conducted that the commission by liz cheney. the report is there in the public record and public domain and part of u.s. history. in the short-term, there is an

of the to move forward. to be honest, as controversial as that is, what we do need in u.s. politics going forward and it is a tall mountain to climb and high hope, but we do need people to work together and to reduce polarization and division and get americans to a better place so there could be governability both at home and abroad and people here in europe are deeply concerned about the future of the u.s. >> leslie, what i would like to understand here are the ramifications for the future. if we do see donald trump pardoning everyone involved, what do you think this will mean in case let's say we see similar events in the future? are we perhaps on track to see no ramifications or no severe consequences if we see an event of a similar kind in the future? >> there's no doubt that accountability for this kind of

assault, violent assault on the capitol is extremely important. accountability can come in multiple forms and it's a complex question. it's not simply about holding individuals accountable. it is forming historical narrative and what goes into historical textbooks. it's about a broader message ideally from the u.s. president and all those around him on both sides of the aisle about the need to have non-violence, peaceful resolution of all disputes, including most importantly a peaceful transfer of power. we will see that happen today. so, my bigger concern is less about the pardons which isn't to say that isn't deeply controversial and concerning, it's more about the overall rhetoric that needs to come from president-elect trump and from elon musk who is tremendously

influential in the social media space and it needs to be a discourse and a line that encourages peaceful resolutions of disputes. nonviolence, not stoking hate against people that, one, disagrees with. that is my far broader concern than the question of pardons. again, not to diminish what happened on january 6th. it is really the rhetoric coming from our leaders that needs to be measured, diplomatic and really encourage people to work together nonviolently. >> leslie, thank you for your time today. the director of u.s. and america's program at chatham house. the weekend saw the start of the state funeral for the 39th president of the united states jimmy carter who died on december 29th, 2024 at the age of 100. in 2014, in his 19th year,

president carter sat down with tanya breyer at his president at library. the president told tanya about his childhood in the segregated south and his time as presidency and the passion for human rights which awarded him the nobel peace prize in 2002. tanya joins us now. tanya, perhaps recall what happened back in 2014 when you had the chance to speak to president carter. what would be the main highlights you took from the conversation? >> silvia, it was interesting that jimmy carter came in the room straight off the red eye in los angeles. i said would you like to take time and have a rest. absolutely not. full of energy. incredible man and i sat down

with him and i talked about his remarkable life coming from the segregated south. obviously, being a peanut farmer. his father owned a farm. he was a senator, a governor and eventually president of the united states. his presidency was seen as mixed. i asked him about what he thought his achievements were which included the camp david peace accords with egypt and israel which still stand to this day. however, his presidency was marked in 1979 by the hostage taking in iran for 444 days, 52 americans were held toss hostag. he felt very strongly that, of course, stopped him from getting a second term. this is what he said. >> i could have been reelected if i had taken military action against iran. it showed i was strong and resolute and manly and so forth.

i think i could have wiped iran off the map with the weapons we had, but in the process, innocent people would have been killed and including the hostages. i stood up against all that advice and eventually my prayers were answered and every hostage came home safe and free. so, i think i made the right decision in retrospect. it was not easy at the time. >> do you think america has accepted that? >> increasingly they have and more facts are known. the strong inclination to take military action when i think it's not necessary. >> post-presidency, president carter devoted time to global health and human rights which led to the awarding of the nobel peace prize in 2002.

president carter and his wife rosalynn established the carter center. i asked him what he hoped it could achieve. >> our first hope at the carter center was to have a small camp david here to gotiate peace with countries. we still do that as a matter of fact. we also had a basic premise of not duplicating what other people do. so, this leaves us a chance to fill vacuums in the world. we have taken on five tropical diseases. we go into the village or train people to do so nd actually treat people and give them credit for it. it makes it a matter of great pride for them and a restoration of not only their health, but hope for the future. it is a very exciting series of projects that we undertake every day at the carter center.

>> he told me also, silvia, that he wanted to be remembered as a champion of human rights which, i'm sure, he will be of course, his state funeral is on thursday. you can catch more of my cnbc meets president jimmy carter this week at the times on your screen now. >> wow. what a remarkable conversation. thanks for bringing us that, tania. coming up on the show, tech investors gather in las vegas for the ces 2025 with eyes on nvidia ceo jensen huang's keynote address. we'll bring you the details after this break. or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the

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welcome back to the show. as we approach the end of it,

here are four things to get you up to speed ahead of the open on wall street. on the data front, we get u.s. services pmi and factory orders. the governor is due to speak after her colleague told cnbc the labor market is cooling, but remains resilient. on the corporate front, eyes on stocks and foxconn reported fourth quarter revenue. and tech traders are looking out for jensen huang who is set to speak at ces this evening. tech industry leaders are looking for a press conference from the likes of amd and samsung and sony today. investors are eyeing a keynote address from the tech darling jensen huang which is happening this evening. our colleagues in asia spoke to

the ces ceo and asked about the potential impact of president trump about his return to the white house. >> a lot of good things to come and more pro-business attitude. a lot of focus on the future of artificial intelligence and skilled immigration. things like he is pro business. on the tariff issue, we disagree. they are inflationary. we announced a few minutes ago at ces that the impact on consumer purchasing in the u.s. is$90 billion to $143 billion if the tariffs go into effect and that doesn't count on taxes. >> we have have dexter here wit. i would like to understand what are your top expectations for ces later today? i know we will hear from the nvidia ceo. is that the one thing you will

actually monitor the most? >> it is a few things. i'm going to surprise you. ces is going to be about a.i. >> what a surprise. >> i know. this is, again, 2025 will be the year of a.i. i think it might be different this year. i think what we will talk about a lot this year is apart from trump and the political aspect is the a.i. agents. they are able to make decisions on your input. that's the next big thing. you can be cynical about it which agents are assisting what people are doing the last two years or take another view. it is also where we are moving away from the hype which is relevant for business. it is interesting. every company is going to try to do that. every company is going to try its over ecosystem. i think a.i. agents are going to be the term of the year for a.i.

>> you said relevant for businesses. tell us more. why? >> because the idea is you can ask your a.i. agent to look throughout your data and find different things and able to figure out what it can do. i think the one area that is important with a.i. agent is if it gets it wrong, you will be able to figure out where it gets it from. you might not be able to figure out the model, but a way of trying to build processes and business units using the a.i. agents which have been capable with a.i. assistant, but agents is the move where businesses will use it more. we have seen it with the data in europe. it is about 8%. in the u.s., if you look at the census, it is 5%. there is definitely a need for businesses to make sure the investment is in cap ex which continues this year and it is relevant and return on investment coming up.

>> in terms of nvidia itself, do you think the speech of jensen huang is more for the company or the industry and outlook for a.i.? >> i think it shows how important nvidia has become the past couple years. nvidia is in the top three in terms of market cap. the most from the a.i. wave. chip companies and tsmc and asml. chip designer and nvidia is on top. it shows the importance in the entire business and industry and also for american tech. it shows the importance of nvidia because five years ago, nvidia wasn't on the stage. obviously, important for the industry as well. if we start to see nvidia not performing as expected over the next four quarters, people will start asking questions where is a.i. going. >> i want to talk a little bit more about the products we could see at ces later today. i was reading about, you know,

how smart tvs are one of the features and the idea there is also to incorporate a.i. into more a.i. into our tvs. what i would like to understand as a consumer, what is the benefit of potentially having a chatbot in my smart tv? >> it depends on the consumer. it's difficult to make that case sometimes. >> are we just going to pay more for tvs because there is more technology and a.i. in it? >> think of it as a super alexa. i think right now, if you have a small tv and chatbot, you go, i want to watch that program or that program. with a small tv, knowing what you have a program in terms of content, you can say i want to see a program about this or this with this actor or director. it can help out. it is still very early days. we need to make sure the

expectations are not too high. sometimes the issue with the tech industry is not going to be that perfect solution straightaway. it's going to be incremental and it's going to be one of those things that right now it looks a bit why am i using it. in five years time, everybody will use it. >> you are saying the idea is to narrow down the choice for the consumer to some extent. you can basically ask for exactly what you want to watch. this direct or or this actor. personalization? >> yes. the more you use it, the more you personalize the content. it is about finding what you want to watch at a particular time. ctor, director, plot, where you can figure out what program you want to watch. >> let's see when we reach that point. i also like to get your thoughts on beauty tech as a segment at ces. i was wondering how much of a

market share is that gaining now? are we seeing more focus on that part of the market as well? >> it is the tech which is a big element. beauty tech probably more, you know, a lot of men are using beauty as well. it is a dilemma interacting with the consumer. if you are looking at a younger person, they are use instagram or snapchat in what you look like. therefore, beauty tech or beauty companies are trying to access consumers to try the products. this is where we're going. >> exciting times ahead. let's see what happens later today. the lead analyst at the economist intelligence unit. before we let you go, a quick look at chip makers pre-market in the united states. we are seeing a.i. stocks rising

pre-market. of course, we heard from microsoft on friday. also over the weekend, the fact that foxconn sales were quite strong as well. that also propelled the move for european chip makers. let me show you those companies as well and how we are faring as well. asmi up 4%. asmi up 5%. infineon with strong gains about 5.5%. a final look at european markets. this is how we are trading. we have green across most of the powers. however, a little bit of pressure for the ftse 100. in terms of u.s. futures, they were suggesting a positive start to the trading day on wall street. they continue to do so. we will find out in a couple of hours time. hovewer, that's it for today's show. i'm silvia amaro. "worldwide exchange" is coming up next.

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it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." stock futures are higher ahead of a big week for economic data including the first jobs report of the new year. global chip rally on the back of foxconn results and the fourth quarter. jensen huang is taking center stage at ces tonight. and later, two fed officials sound the alarm