you have been at novo nordisk for about 20 years.ou ran regional business, then corporate development, you have done -- worn a few different hats there. how does your job change considering the current politics of the world? only the fledgling trade barriers out of the u.s., but also brexit? how does that change the way you have to think about doing global business? lars: you could say in the pharmaceutical industry is what matters is the level of innovation you bring to the market. the core of what we do is really making sure in the labs we make -- products for people with diabetes. that is what determines our success in the long run. the costs in the short and medium-term, we have to face increasing uncertainty around the world. you mentioned brexit, another complex matter. there are four people -- 4 million people with diabetes in the u.k. we are there for them and we focus on that everyday. we will get over these short-term issues, and there will be strong business for the long term. what are the real decisions you are having to

this hearing is before the board and you are in a de novo context, so there is process being provided to the neighbors. you have the same power a tz planning commission to consider all the changes they are asking for to this permit. and there is certainly an argument that that would be sufficient process under principles of due process. >> i am of the opinion that the process that has occurred here is significant process for all parties concerned. i am willing to take a shot at a motion. i'm going to move to grant the appe appeal, and to eliminate the fourth floor on the basis that it is not contextual to the a a area. and with that removal would be -- the permit would be granted. >> commissioners -- president fung, on that motion, what we would need from the permit holder eventually would be revised plans. >> this is a motion of intent. >> well, you could either -- my concern is only that when those plans come to our office, we would be able to insure other than the earemoval of the fourt floor if there are other changes needed because of the design change, would they be of concern t

>> it's easy for me, i got a chance to call this game, novo. their complete team. their versatile. defense is getting back on par. >> i disagree with jimmy, but if i had to pick the next, it would be uva. they make you play their way. i think earlier in the season, i said there were a boring team, but if winning is boring -- we haven't had this in a long time, three-pointers at the last second, defense wins championships. uva is set up to win a championship. speak out they are in a dogfight right now with the tar heels and the acc championship game. it looks about six programs are off to the big dance, we'll know for sure tomorrow. coming up next, it's showtime at the apollo and in keeping with our '90s throwback steam all week, we had the players show us their best moves to that classic song the tootsie roll. ♪ ♪ ♪ ♪ harmonica tune plays everyone thinks making websites is impossible. [mimicking motorcycle noises] ♪ harmonica tune plays but they're wrong. ♪ i know... ♪ ♪ . >>> a tragedy at the yountville veterans home is coming into clear focus now. what we're learning a day after

he is the same joe dah jeja novo were working to fabricate trump.is notion is based in part on thousands of text messages exchanged between two fbi officials. >> everything that we have seen from these texts and from all of the facts developing shows that the fbi and senior d.o.j. officials conspired to violate the law and to deny donald trump his civil rights. >> reporter: digenova is one of the three that trump has brought on board. now fourth in line at the state department. not to mention all of the other fox anchors trump leans on for advice. digenova and his wife and wife. most of his focus is on cases involving corruption and fraud. the hiring of digenova may be part of a more aggressive approach. he is expected to engage the media and mount a strong defense of the president. often, he delivers personal attacks sounding a lot like the president himself. listen. >> fbi has lost almost all of its credibility and regrettably its integrity as a result of the conduct of james comey who remains america's most dirty cop. >> whatever you may think of

legal team was stable, this month there's a lot of changes happening including hiring of di general novo that we're talking about? >> we're seeing changes overall not in just the legal team. it suggests a changes in strategy and attitude. >> the chaos and the that matt and internal fighting and disagreements that you see plaguing the warehouse has also been plaguing the legal team. there were quiet disagreements for a long time. now we're seeing them break into public and the president want to take a more aggressive approach. he brought on this new attorney and le may bring on others. we're seeing that play out in public but it doesn't mean it hasn't been there for the last couple of months. >> matte final thoughts, where does this go from here? >> we'll have to see it play out. i don't think director mueller will be ready to wrap up his investigation any time soon. you got this big pending issue, will the president testify. and from a russia standpoint this is significant. i think we'll see more of this uncertainty. >> matt thank you for coming and haining out. ashley and josh stick aro

in fact, since 2010, there have been only a few de novo charters for banks nationwide. some people say that consolidation and mergers have been a long-term trend for the last 30 years and therefore not related to the recent uptick in regulations, unrelated to dodd-frank. but they are clearly not seing the bigger picture because even after mergers many branches in rural and other underserved communities are closing, leave manage kentuckians to drive a town or two other just to get -- over just to get to the nearest bank. it's not just about a long-term trend of consolidation, there have been no new charters whereas before the dodd-frank law was enacted there were many, many new charters every year and since the dodd-frank law was enacted no new charters. the consolidation trend has gotten worse since the avalanche of red tape coming out of washington, d.c. that's having a very negative impact on rural and underserved american communities. while new technologies are helping bring banking services to anyone with an internet connection, many people still prefer the personal

as far as movers that are down more than 1%, you only see novo nordisk. take a look at the leaders.g the most points to the stoxx 600 of any stock. big gains for tele performance. a few stocks of more than 4%. more than 5%. peugeot up almost 4% in france as well. very interesting. peugeot comes out well ahead of estimates. margin, including opel. there is a look at some of the movers we have. as high as winners and losers. the breath is down. most of the ships will be droppingor ahead of the jay powell testimony. guy: let's talk about what a monthly just had, starting a new month, february, quite a rides. can showe vix chart i you to highlight how big of a jump we saw from the vix. volatility has returned. let's bring in our guest for the next 30 minutes. with us now, mouhammed choukeir. that is a big move. -- how will it affect the way you do business? it affects liquidity and a whole bunch of things. mouhammed: it is a big move and it is long overdue. the move is not a surprise. it is the period before that that is a surprise. experiencing low volatility. that goes to show how it

i have been involved as a participant scientist in the novo group since 2009 could we launched one of the studies that was in geo-engineered for climate change litigation. this was one of the first efforts along those lines that focus primarily on admitting sulfate in this or in the sphere sphere. we covered both scientific issues in engineering issues as well as non-intended consequences. since that time there've been many studies by the national academy of sciences. we don't advocate it something we should be doing but it's important we do the research in case somebody else does it so we are aware of the possible consequences of such an action that i would condemn personally. another study that was conduct did was stealing with methane leakage is in the u.s. which is something that became quite appropriate and relevant and if final couple of years of the obama administration. another one of the studies that received a lot of attention and had significant impact was one of our surface temperature trends that was something contested during the debate about climate change and in fact t

we've just completely destroyed the entire de novo banking industry. there's a price to that. there's a price to communities. there's a higher cost of credit. there's less available capital. and this doesn't serve anyone well. so our legislation, this bill that we're going to vote on later today is going to improve the overall regulatory environment. at the same time it's going to make improvements for consumers. let me touch on a few of the features. one is designed to improve access to mortgage credit. section 101 of the bill provides regulatory relief for financial institutions if they originate a mortgage and keep that mortgage on their portfolio. you see, when a financial institution originates a mortgage and sells it, which is a very common practice, there is this sense that the financial institution doesn't care about the borrower's ability to repay. it happens not to be true, but there are very, very extensive regulations that are very onerous and they make it more difficult for borrowers to meet the criteria that's acceptable. well, if the bank is keeping the loan on

along with he novo they have a large global footprint and provide the back bone for the cellular communicationsople in europe and africa and across asia use every day and i think americans are starting to wake up to the fact. rishaad: u.s. corporates, what's been there re-- their response to these concerns, is another part of the question. >> if you look at the telecom industry they've always been aware of these companies' dominance. erksson and nokia are aware, for two quarters it overtook them in market share. they are painfully aware of the dominance. across the wider u.s. corporate spectrum i think there's still less of an understanding of exactly what the chinese companies do. i think only in the past two years has their business come to light. i think z.t.e. first came to the spotlight when it owned up to violating iranian sanctions by essentially re-exporting u.s. equipment. rishaad: caused a lot of problems, didn't it? let's go over to haidi now. haidi: i wonder, it's pretty uncertain times for inbound u.s. investment, what's the mood, do you think? >> i think since think the attempted

business is the question on agreeing to the speaker's approval of the journal which the chair will put de novo. the question is on the speaker's approval of the journal. those in favor say aye. those opposed, no. the ayes have it. the journal stands approved. the house will be in order. the house will be in order. members, please remove your conversations from the house floor. for what purpose does the gentleman from texas seek recognition? the gentleman is recognized for one minute. >> mr. speaker, over this last month my hometown of austin, texas, was terrorized by a serial bomber. serial killer. fortunately, this nightmare is now come to an end. and now is the time to heal. i want to thank the 500 federal agents who descended upon my hometown of austin for their great work, working with my texas department of public safety and the austin police department. the speaker pro tempore: please, members, remove your conversations from the house floor. the house will be in order. the gentleman is recognize. >> as i said, mr. speaker, fortunately this nightmare that my hometown of austin has lived t

significantly delay adverse determinations by creating a new independent review office to conduct de novo reviews without concern for the institution's safety and soundness or the protection of consumers. this bill goes far beyond relief for community banks and credit unions by enabling megabanks and nonbanks like payday lenders and exwhich fax to pursue limitless challenges o -- equifax to pursue limitless challenges in court. as you look at the examples we have prepared for you, take a look at wells fargo. wells fargo has been at the center of attention in this country for the fraudulent accounts that it established, using their customers' accounts and information to create more accounts without informing their customers. and then they had the illegal student loan servicing practices that we have all been so concerned about. . even after the fraudulent accounts were exposed and fines were made because of the harm that they had caused to their customers, we then found that they had inappropriate placed insurance which means that people who were already paying for the insurance were force

isplendour, the top shareholder in the novo. icbc, the world's largest bank by assets.s been ordered to fix money laundering safeguards deficienciescant were found at its new york operations. the top steelmaking city and china ordered new output cuts in the push for cleaner skies. those new restrictions could last through november 14, so chinese steel mills sliding. haidi: thank you so much for that. now turning up the trade heat on china with calling forump steep tariffs and investment restrictions. tom mackenzie has been looking at the story. what to do we know? >> this was reporting done by politico. what they said was robert lighthizer, the u.s. trade representative, proposed trump a package worth $30 billion of tariffs on china, covering technology, toys, and furniture. trump turned around and said the value was not high enough. come back with more terrorists. apparently trump is prepared to sign off on these tariffs as early as next week. this follows the investigation into alleged intellectual property abuse by china, and this would be the response to that. it ha

ripple, is that done i saw something -- was it novo or something today what's the latest? >> so, there's a couple. you know, ripple's still around, bitcoin's still around etherium is still around to me, you're making a bet on the space, on digital assets as a whole and there will be 10 or 20 of these things that have any real value. >> i want to know so when the neighbor's kid asks, i'm knowledgeable. >> we'll make it a kelly coin. >> no. for you, not for me. guys, thank you for joining us we'll let you go brian kelly and dan nathan. >> it's an anonymous virtual currency, but you have to be in person at a conference to talk about that. >> yeah, that's the next hot one. you can catch much more coming up at the top of the hour. >>> three stocks on the move after reportings after hours >> we'll start with auto d.c.desd.c desk, stock up more than 10% smaller loss than expected for the fourth quarter of nine cents per share and adjusted basis versus analyst 11 cent loss. the eps and revenue guidance for the first quarter was light but that stock up almost 11% after hours. we'll

the stoxxghign on 600 the most, novo nordisk, down 2%. the banks are down, including likeand financials perdential. nestle, down today. glencore is off. the miners will have a rough day. rio tinto is also weighing on the stoxx 600. the winners here, glaxo is rising today, 4.5%, so a big gainer. you see, well, british american tobacco is also a gainer, picking up consumer staples. next, we talked about that earlier, in line with estimates. the next gain almost 2%. winners thatome are pretty big, but most stocks on the stoxx 600 are down today. the big story of the day, which, after european stocks open is trump's decision to slap tariffs on china. still, some take the group that markets are reacting to powell and not to the chinese tariffs. >> the bond market could be reacting to the potentially slower growth, but not the potentially higher inflation. think theo not situation today in terms of chinese trade is the reason behind the markets. matt: with us now is neil duane, from allianz global investors. bill gross, he's somewhat of an that

secretary esper, had the opportunity and been inspired to visit our bulgarian and american troops in novo solo last year, and to meet with troops in republic of georgia, i want to commend you highly appropriate the safe program is the state of georgia with the republic of georgia. it's a wonderful experience to see so many together. what is the long-term vision for the america's presence in europe, what is the right balance between rotation and permanent troop presence in europe? >> well, thank you. first of all for the state partnership program. i agree, it's a very important program. when i was in europe recently i just witnessed illinois guard coming out of poland. thee had have a relationship together since 1993. i had the privilege of traveling to ukraine where i saw the new york national guard training ukrainian partners there. and as former guard man's i appreciate the work they are doing rnd a the country. with regard to your question, that is it an issue that the army is looking closely at on a constant basis. when i was in europe i had a chance to talk with the u come commander