. >> martin schroeder the cfo of the company now head of global. >> yes, that's good because you've got to have both sales -- ibm, everyone is a sales person because you're selling big cap stock. so good for martin i am congratulating him. >> let's get to the opening bell and s&p, at the big board, bdx capital and at the that is gac u.n. secretary general of human rights promoting the u.n.'s new global lgbti equality standards for business there's going to be a lot to watch here we mentioned facebook. some of the rebalancing we're going to see this year on tech as they combine these high flying faang names with more traditional telecom names. >> when you look at verizon, last few weeks was good but the at&t run, none

under the american wing and i think that the long term effect will also be to see people like schroeder don't forget schroeder who is anti the war in iraq etc coming more and more to the fore and convincing the most important sectors of the german economy and even the french economy after that because of the franco german axis that being so hostile toward russia is simply going to weaken their own economies because russia is a very strong independent economy so long term if this policy goes on and i'm not sure it will depend what trump does or whether he he he proved to be more stable goes on then it will it will strengthen russia that's all i don't see it helping the the u.s. military industrial complex by the way one very important final point is another excuse for these for these sanctions of course is the. alleged meddling in the us elections i've never seen such hypocrisy from the arch medlar of the last century which is the united states which is meddled in not only meddled in foreign elections but actually replaced government cynically so. i do apologize william we are that time

analysts, we give schroeder a little bit -- stop being so hard on the guy i mean, it's ridiculous. good guy now, i'm looking forward to listening to ibm why? they started new mainframe cycle and has been good news for the company historically warren buffett seems to have stopped selling shares, thank heav heavens. that's good news for the stock finally on friday, one of my absolute favorites, charitable trust name, club members know how much i love this we call it slob. some call it slum berger it's schlumberger. when the oil downturn began in 2014, schlumberger was the first company to realize just how bad things could get everyone else was, it's going to bounce right back. we had a lot on tv said it was going to bounce right back well, slummer j schlumberger wat oil went like this right after right after schlumberger said it was going to plummet when schlumberger reported last time, pretty much everyone assumed oil would be stuck in purgatory for ages that was when brilliant ceo paul kibsgard called the bottom three months later oil surges and the stock has taken off like a bat o

mark: karsten schroeder, ceo of amplitude capital.markets continues, this is bloomberg. ♪ >> i am mark crumpton with the first word news. president trump is headed to davos for the world economic forum, he will deliver the keynote address at the forum on friday. there have been concerns among some participants about how the president's economic and trade policies could impact the global economy. wall street watchdogs appointed by president trump are reviewing a plan to roll back the volcker rule, one of the industry's most hated restrictions because it puts limits on bank trading. people familiar with the matter say the office of the comptroller of the currency has shown other regulators a plan to make the volcker rule more friendly to banks. european union citizens will remain free to settle in the afteror about two years the country leaves the block in 2019. the brexit secretary david davis said the government has a moral responsibility to make sure eu nationals can continue their lives as they are now after brexit. >> there will ne

here's what martin schroeder told jim cramer on "mad money" last night >> first half to second whateverhich we described in july played out as we said. that puts us on a good base. we guided towards growing ref knew and stable margins. when we think about the transformation of ibm, yes, now that the portfolio is transformed, we have momentum going after 2018 >> looking at the stock, shares are down about 2% in the past year the stock is off about 2.5% in early trading. back over to you >> thank you very much for that. >>> softbank closed its deal with uber yesterday making it the largest shareholder in the ride hailing service as part of the deal, softbank will invest about $9 billion in uber including 1 billion in new shares softbank will own a 15% stake in the company and has added two representatives to the board uber will also limit voting rights by early shareholders and the control held by travis kalanick so kalanick, by all reports, is selling about a third of his stake and netting about 1.3 billion in cash. it's unheard of to see a founder get out so much cash early from a compa

. >> for more, jim cramer shock with ibm's mark schroeder earlier. here's what he told jim about the quarter. >> first half to second half, which we described back in july, played out as we said. and that puts us on a good base. what you just heard was we guided toward growing revenue and stable margins when we think about the transformation of ibm i would say yes now that the portfolio is transformed and we have got momentum going into 2018. >> let's bring in the one and only jim cramer of mad money fame. >> how are you >> good. i'm trying to understand how the stock is down after hours? >> it was up six points in the quarter. positive hype. analysts weapon from a sell to a buy at bar close people feel that must mean a gigantic upside surprise that's not what's going to occur. i agree with pete and dan, it is a unique buying tune the 2018 guidance will be good the 2019 situation is looking good let's take out the tax situation and concentrate on the fact that the orders for the mainframe are not done they are just beginning. i like the stock with a

the german baltic sea ports of move kron at the end of next year former german chancellor gerhard schroeder heads the project. we need the gas and it's the cheapest that we can get anyone who understands energy policy knows that if the. rejected criticism that the pipeline would allow the kremlin to cut off eastern europe energy supply. obviously there are fears in the baltic and poland for historical reasons but that cannot shape today's policy because these countries are members of nato and the e.u. they have all the security they need. he said nord stream two has nothing to do with moscow's political ambitions and virtue of because it's a business project it's simple six major energy firms are coming together to invest billions and they are bearing the risk and no one else would you. should accuse the us of having an ulterior motive. for a ploy of what's happening right now has a political dimension especially from the united states because why should our gas supply options face sanctions. it's simply because the americans want to export their shale gas export on board the former german

you know him as marten schroeder. and then ppg report, is it painting a pretty picture?'ve got the ceo stick with cramer! >> don't miss a second of "mad money. follow@jimcramer on twitter. have a question? tweet cramer, #madtweets send gem jim an e-mail. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. >>> every now and then i think this market gives you kind of a gift here. take the stock of ibm. for years they've been trying to balance out the slow down inity legacy business by bulking up faster-growing businesses. so when they managed to accomplish that, stocks got slammed in afterhours trading. it was up 4% in sectioix years i think the stock upgrade by six points juiced by a couple analysts i got a chance to check in with the former cfo i think we can shed some light on a subject people are taking too lightly. take a look. first, martin, congratulations on your promotion at ibm >> thank you >> is this the quarter that people want the reinvention, they want to get in or should we wait to see about 2018 >> we did just give guidance for us,

notesorth pointing out from aberdeen and schroeder saying in the next 12 months, we will see the aussiee closer to $.70 than $.80. this rally bringing out some of the bears. on -- let's get some more on what we should be watching with adam haigh. digitalmillion stolen currency is a string of a lot of implications, and risks of the crypto trade. security has been an ongoing concern around cryptocurrencies since the start of these really, and the evolution has been around whether you can protect enough with digital wallets and this heist has thrown this all completely out of the water. i think the regulators across the water and south korea who have been clamping down and scrutinizing this industry to nthin's degree -- the degree, this is more fuel to the fire for them, they want to make sure this is a safe way people can invest. let's have a look at the bloomberg and a look at what this did on friday, this is 9438. we saw a big pullback, and coin check did not realize it has gotten hacked for many hours, and then it had a press conference very late on friday in the try to reassure people

and i'm feeling good about martin's chances. >> martin schroeder the cfo of the company now head of global>> yes, that's good because you've got to have both sales -- ibm, everyone is a sales person because you're selling big cap stock. so good for martin i am congratulating him. >> let's get to the opening bell and s&p, at the big board, bdx capital and at the that is gac u.n. secretary general of human rights promoting the u.n.'s new global lgbti equality standards for business there's going to be a lot to watch here we mentioned facebook. some of the rebalancing we're going to see this year on tech as they combine these high flying faang names with more traditional telecom names. >> when you look at verizon, last few weeks was good but the at&t run, none at&t stuck in the mud. >> down 6% this year of course when you say that name immediately many people in my world certainly focus a couple of months from now, roughly, when the trial of the u.s. government begins, you know the likelihood of a settlement between now and then seems small and so, it's hard to understate how important this w

flaws, bugs in the fix >>> ibm says cfo martin schroeder will shift to a new role as cfo for global marketswill be replaced by james ch years. >>> shares of pit nney bowes ar higher this morning after rising 15% yesterday. the maker of mail processing equipment has received takeover interest from blackstone and the carlisle group pitney bowes says it does not comment on rumors or speculation. >>> general motors says it is making the first mass produced self-driving car without a steering wheel or pedals it has filed for permission to put the vehicles on the road sometime next year without a human backup driver. gm is not saying how many cars have been made or where it will be tested. >> still a long way go in terse of getting past peoples concerns and psyches. >>> time for our top trending stories. landon dowdy has a look at what is buzzing this morning. >> we're talking the president, but not the president you might think, we're talking about former president barack obama appearing in an interview with david letterman. he was letterman's first guest on dave letterman's show called "my next

much for that and for bringing us the latest on the chinese numbers to join us, greg botham from schroeders is joining us on the set. today's numbers are not really confirming there's any slowdown in place if anything, china's growth for the numbers for the year were strong 6.9% the strongest in seven years or so do you think that this means there will be a slowdown to come in the future as the chinese government gets along with these deleveraging measures? >> when you look at the supports to growth, our expectation based on the forecast suggests that continues in 2018. not an acceleration but a continued growth the leveraging story is where the more negative outlook on chinese growth comes from, combined with the pollution crackdown. we had an ongoing deleveraging process, or what the chinese call a deleveraging process in 2017 credit outgrows nominal gdp, so debt gdp must go up, so it's not been a true deleveraging that feeds to the economy in a six to nine-month lonag going forward you would expect it to hit the property sector in the first half of 2018 >> you raise an interesting point

it got so bad that at one point, colorado congressman name pat schroeder said democrats just need too three things to win back the white house. unfortunately, nobody knows what they are. bill clinton came here because he thought he knew what those three things were. on three speeches he gave social policy, economic policy, and national security policy were all designed to address the three biggest doubts that americans had about democrats ability to lead. for the country thought we wouldn't follow their values, put their values to work in our programs at home. that we wouldn't stand up for american interest abroad and wouldn't fight for their economic interests. the new speech, the first one, was designed to take on the basic problem that americans had with our governing philosophy. clinton laid out a philosophy that he had worked out in part here at georgetown and watching his heroes of the day. in the clip he alluded to john kennedy and bobby kennedy as believing that what a leader needed to do was challenge the country, not just make promises. that's what the new covenant speech w

. >> robert schroeder with international came from the fi markets. they have a way of exacerbating or exaggerating some of these effects. we understand that s&p and moody's might be offering some downgrades for u.s. debt very soon. when that starts to happen, we see interest rates rise. how would that start to dramatically affect any of these outcomes? >> yeah. great question. so i do agree that financial markets can have magnifying effects. it works in both directions. right now the financial markets are tampering things, which isn't necessarily a good thing because they're keeping interest rates artificially low. to anyone who thinks that's rational, i have two words for you -- bitcoin. right? like now what happens if there's a downgrade? we had a paper a few years ago, i wish i could remember the name of it, around the last s&p downgrade. we had to study downgrades from aaa to aa plus or the equivalents on the others, and basically what we found is internationally there's really minimal effect of that first downgrade, eve n a second downgrade. the

andrea schroeder candles, set of two. retail is $70. these smell really yummy.. the deal $26.55, 62% off. of course, we have more information on today.com. and that's the deal of the day. >>> jill, thank you so much. now to the next musical spectacular coming to nbc, beloved rock opera jesus christ superstar live in concert. we have two of its stars with us this morning, ten-time grammy winner john legend landed the title role and sara bareilles will play mary magdeleine. these are iconic roles z excitement, terror? >> it's excitement for me but it is a lot of pressure. it's a really big show that's important to a lot of people. >> yeah. >> and, of course, the characters are important to a lot of people, too. >> you were just cast recently as mary magdeline. how did you get involved? you're on broadway right now, doing waitress. you're in the theater mode. >> i am. being part of the theater community has definitely developed relationships with people who are working on the project but it happened so fast. they asked me and i was a yes. i literally got the e-mail

conference call where the new ceo will be leading that but also be on the call with former cfo martin schroederme asvp of global markets. >> martin schroeter will be on "mad money" tonight. they did it. >> they did it they had a lot of mules pulling in their direction because of the dollar being so weak world gdp up 7% or something like that. obviously, it's kind of a little turn right here. also the stock year to date, which is 12 days, is up 10%. it was one of those laggards and i think you had people building up for this. therefore, roughly, somewhere in expectations >> yesterday we talked about expectations being high. i didn't realize it was already up 10% nancy, what do you think >> again, we own this stock. it's not one of our largest holdings it's hard when you've been burned for 22 quarters, right, to step in and say, yeah, i want this to be my largest holding. in the '90s this stock did nothing for ten years. it takes a long time to turn this ship. we made be beginning to see it i think it's too soon to jump in with both feet we're jumping in with the 2% position in the stock. the tai

. >> you know, joey schroeder, the one who -- i'm the man behind the shoe. >> this is your place. >>here. i'm sweating it's so hot out here. it's actually wonderful. key west is -- we came back. >> hello, anderson! come down and be in the shoe. >> andy and anderson. >> yes. i agree. bill weir can get it, man. that's the headline of the night. >> i'm making all kinds of friends up here. >> andy is saying you can get it. >> people are so friendly. >> i'm sure people are very friendly to you in key west, bill weir. you're going to have a big night. you better get your ass to miami pretty soon. >> he might need an exit strategy. >> yes. >> i wish you were here. >> the recovery continues. back to you. >> all right. >> thanks, bill. at the stroke of midnight in key west, the sushi, who you saw there, is lowered in a giant stiletto. one year it actually got stuck and she ended up like crawling along the roof of the bar one year. >> sushi seems very calm considering she's about to be dropped. >> it's a very slow drop. we'll play it after. >> i think it would be very exciting if they lowered

last leader of germany before angela merkel, the current leader,, was a man named d schroeder, and he was a member of the social democratic party in germany. the left wing under a very, very charismatic leader, which was important, a man named oskar lafontaine, withdrew from the socialist party in order--excuse me--to found this new party the die linke. the other part of the die linke is the party that used to be the dominant party in what was east germany. you know, the east german and west german separation ended, and the two countries were unified early in the 1990s. so there's now one germany again, there aren't two, but in the east, which was a communist part of the eastern european block, that party was called the socialist unity party, sed, sozialistische einheitspartei, and that party dissolved, but large numbers of it moved also into this linke. so it's a coalition. in the eastern part--this is something americans tend not to o know for reasons having to do with our newspapers and our media--in eastern europe, in eastern germanyny the mass of people still vote for that party.

here's what sbp martin schroeder told cnbc's jim cramer on "mad money" last night. >> first half to secondin july kind of played out as we said. that put us on a good base we guidedtowards growing revenue and stable margins when we think about the transformation of ibm i'd say that, yes, now the portfolio is transformed and we've got some momentum going into 2018. >> joining us right now for more on what's been working at big blue is daniel i wves. thanks for being here. >> great to be here. >> do you agree with him, that the turn -- the corner has been turned essentially >> yeah, i'd say partially true. 50% of their business, big data, ai, analytics. i mean, that's grown mid teens that's really been the positive story. the problem is the anchor on the ship the traditional businesses, declining, margins have declined that's why right now 2018 is really a make or break year in terms of this transformation and shift. i view this as a small step in the right direction but it does really show some of the wood that they need to chop ahead. >> we're going to see ginny next week one of the questi

schroeder: she currently works as a bilingual preschool teacher for head starter and will soon her bachelor's degree in early childhood education, sfow focused on special education from western oregon university. daca has given her the reality to make her dream of becoming a reality.eeds teacher a because leadership in congress will refuse to act on daca, she'll re-lose her status and will not be allowed to continue with her teaching reality. because leadership in congress will refuse to license. every day daca recipients lose their ability to have a job and go to school. we don't have until march 15. it's happening now. stop delaying. time to get it done. let's include a clean dream act in the next week's funding package. i yield back. the speaker pro tempore: for what purpose does the gentleman from north carolina seek recognition? >> i ask unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection. >> mr. speaker, i rise today to commend and encourage the thousands of great noble north carolinians participating in the 201