business suffers despite a beat on fourth quarter net profit >> we have to adjust our plan for the external environment 18 months ago we had in mind a better gdp rules of the worldwide basis. >>> let's get you up to speed with some of the market action here in europe after a fairly soggy handover from wall street. we're not seeing an appetite for stocks in europe we're down two-tenths of a wench mark a breakthrough between u.s. and china. yet, we have not managed get to anything tangible for investors, so some of the appetite starting to fade. earnings season here in europe also having a big impact on the direction of trade in many of the sessions we've seen recently let's switch over to the boards, and you can see how we're traveling on ftse. brexit a key concern here. we're at 71,77 on the index. big day around the bank of england as well. this is a signal it's going to send down around brexit and monetary policy as a result. watching very closely today, and any sterling movement that is could impact ftse so far we've seemed to have gone back to the negative correlation if you have a poun

the u.s. manufacturing base looks strong. just because there are external risks doesn't mean they will be materialized. i think the market is back to its central narrative, strength with external risks, but the -- that does not ensure recession. tony: i don't think were going into recession. i think we are slowing down to a 2.5% pace. i think there was a risk that the fed did not know there was slowing in they stuck to two more tightenings this year. but i think this report gives them a lot of cover because the inflation number is fine, growth is ok. they can be patient. i think the economy will have a decent year, but not as good as last year. jonathan: talk about the data, and then we can work out what it and then we can work out what it means for the federal. some economic debates taken place. a former member of the white house saying this morning, following the numbers, that the gdp growth is interesting, the gdp is rolling over to some extent, yet the payroll growth is accelerating. at the same time, inflation is rolling over to some extent, wage growt

matt: what about the external issues? e are many, including trade, the european economy, and brexit. how much of a difficult variable are those offerings? >> as a financial institution, we operate in the environment, whether it is the financial market, or the underlying economy. the interest rate environment as well. naturally, we swim in those ties. we need to adapt our strategy to reflect the environment, the opportunities as well as the challenges the environment serves up. we have been working through that. it has not been easy. i would cite the interest rate environment, on a relative basis when you are paying for cash that is deposited at your central bank versus earning on it, it is a huge competitive difference. as part of our environment, it is something we work through and will hopefully be able to overcome. guy: the cfo of deutsche bank speaking to matt miller earlier on in the morning. let's join our senior editor for finance, jim hertling. whether it is a good idea or bad idea, the merger with commerzbank is b

the external eastenders set dates back to the soap‘s birth in 1984.s designed for two years was still being run. over high winds, or high rains, you have to go and move the people shooting stuff because things might fall off. forgive me, it is long before your time, but by 1986, eastenders was the most—watched programme on television. the christmas ratings reached something like 27 million. yes. could you explain why the decision has taken somewhere in the region of 30—odd years to upgrade to the set? i would have thought, when it was quite clear that eastenders had a long—term future, after 1986, that the bbc would have done something then? both an and i, since we came back to the bbc, we had been trying to deal with some of the long—term building issues that the bbc has faced, and bluntly has avoided, to your point. it struck us both that investment was long overdue into something that is at the heart of our schedules, great for reaching, what, nine million people each week, and is producing over 100 hours of output per year. the young watch it a lo

the port's ten-year capital plan for fiscal year 2019-2020-2028 to 2028 to 2029. [please stand by] . >> we're targeting our available funds to strategic projects to generate revenue and securing external sources of revenue to keep growing the pie. and we see those successes in many instances here for example with the orton project that's reduced our capital need by $78 million in this project. similarly, the alcatraz project is bringing in additional money, $34 million of enhancements to that site, so improve its capital value. not going through all of these, but to touch on a few others, through the waterfront land use plan update, we've really gained clarity and flexibility on our management districts. >> we are we also see again some strategic -- [inaudible] >> we also update cost estimates, so as we get better estimates in developing our capital improvement program, those numbers are reflected here. and most significantly, really, at this time, with the passage of time, like the rest of the city, we escalate costs to reflect the increasing costs of doing work in san francisco. the city's capital planning committee sets a rate after doing an analysis, and we follow their same rates

for us, the external signs, the market and everything is there. we are not seeing it yet of the businesses we are financing. >> i want to know why did you decide to start with blue line. what was our reason for doing that? hardware store for 40 owner ae years so for me it is kind of thate, i have seen my father struggled with cashng w. many small businesses they're thriving and can have structural cash flow issues because their customers take a long time to pay or they need to make payroll every two weeks while their customer is paying a different cycle or suppliers requiring payments ahead. there is a lot of reasons why small businesses may be doing well but they still need financing. i saw it firsthand when i was growing. for me, there is this personal mission of helping businesses thrive. >> appreciate you being here with us as well. >> "press:here" will be back in a minute. >> thank you. >>> ♪ my truck needs to air down. when you air down, the charge goes out and there is a bunch o. i took the time to air up than to get a flat tire. it took so

she might be a fan of the vr, but i do wonder if she'll be pleased to get the external fixator on her you be pleased to get that off? yes. it's quite annoying. brilliant. that was marc cieslak in sheffield. now, this weekend is one of the biggest dates in the british movie calendar. the bafta film awards are taking place at london's royal albert hall. and what better way to celebrate than by chatting to one of those nominated in the best visual effects category for their work on fantastic beasts: the crimes of grindelwald. i can't move against grindelwald. it has to be you. technically you can do just about anything these days. so i think more of ourjob, at what we're set the challenge by bothjo rowling's scripts and by david yates is is to creatively push the envelope and use the technology to aid that. we had some very specific things thatjo had written in the script, but we also had, like, newt's hospital, where it was maybe a bit, a few were more background creatures that we could go on some of the same journeys that we did with the case. but one of the key creatures was the zouwu

afghan government he said that that was an internal issue and that would only be addressed once the external ones like the troop withdrawal would have been confirmed certainly they are complicated issues being discussed the timetable again we're going to have to wait and see what is achieved here over the next coming days we were all skin him whether he's optimistic he said well if we don't achieve something this round of talks there will be more. the u.s. president's former personal lawyer sesa firing to congress about donald trump's contacts with russia and his alleged criminal conduct. the senate intelligence committee behind closed doors is said to serve time in prison for lying to the committee and twenty seventeen on wednesday he'll be giving public testimony on sensitive and potentially explosive topics. survivors of the september eleventh attacks in new york have taken saudi arabia to court along with the families of victims excuse a saudi government of helping the hijackers launch the two thousand and one attacks christenson know me as more. they came to court to demand the saudi go

the risks are from abroad. just because there was an external risk, doesn't mean it will be materialized. think the market is back to its narrative, strength with material risks. tony: i don't think were going into recession. i think we are slowing down to a 2.5% pace. i think there was a risk that the fed did not know there was slowing in they stuck to two more tightening this year that may have driven it into the ground, but i think this report gives him a lot of cover because the inflation number is fine. growth is ok. they can be patient, but i think the economy will have a decent year, but not as good as last year. jonathan: a couple of economic debate taken place. the white house saying this morning, following the members, gdp growth isthe pretty interesting, because gdp is rolling over in some extent butt payroll growth -- payroll growth is accelerating. gdp is rolling over to some extent yet the payroll growth is accelerating, inflation is -- inflation is rolling over to some extent, wage growth is still accelerating. what do you think about that, and what is under that? matt: we c

everything started, let's say, in the external environment. if you look at our figures, you see that the confidence in the manufacturing industry is already falling since the beginning of last year it is the cooling down of the world economy that has hit the german economy, and i would say that also this year then -- it always takes a little time until this negative impact from the rest of the world is then, you know, working through to the economy, and what we see with the recent numbers of the business climate is that it seems that we are getting also the slowdown in the domestic economy. the domestic economy, i would say, it cannot shield, you know -- it cannot protect itself for what is happening around the world. >> you mentioned what is happening around the world you are talking about trade in that context i want to ask you about the trade surplus, the larnlest ever on record. it was around 1 00 billion euros. when you are looking at the goods trade between the u.s. and europe, this is clearly a bone of contention for president trump. whe

see this guy is actually my favorite character of the video because he's not fighting against the external thoughts he's not fighting his side there's no. says the fighting himself the ideas that have been planted in his head if you look closely at his hands you don't see it and its aim is not actually the same thing they say it isn't meant anything you can see here and when they go takes off the mask. this. is like you now see got three. and the name there is actually holding my own no. matter because they said well. it's about yourself to do what you want to and he goes through what the society or what the other people think see every one of us has a dream like. i want to do this but what would my parents say what would decide to say what would they everyone say so we always have this idea in mind that no matter what you want to see go ahead and do it this is yourself at first appear before the site is a day or two to actually take the first. and i mean you think. you're putting a very difficult. this and we'll take it. the scope of. it up but if i did this in the. he. knew that he and.

matt: what about the external issues? there are many including trade. and of course, brexit. difficult variable are those offering? >> as financial institutions, we operate in the environment, whether it is financial markets, , and by the clients way, the interest rate we need to adapt our strategy and our business models to reflect the environment. we have been working through that for sure. basis, when they are paying for cash that is , it is a huge, competitive difference between being a euro bank and a dollar bank, but it is part of our environment. hopefully, we will be able to overcome overtime. matt: that was james bond. , chief financial officer -- moltke, ceo of deutsche bank. you can browse charts and catch up on key analysis. i mention this, not just as a plug, our excellent queen of charts hillary, it is battle of the charts next. this is bloomberg. ♪ anna: welcome back, 53 minutes into your trading day, and it is a positive session. positiveequities in a mood, but u.s. futures suggest a flat picture. let's get to the battle of the charts, anne-marie goes head-to-h

he is the external affairs secretary of sudan call, the umbrella group of the main sudanese oppositionties. he's travelling around western countries to step up the campaign against president al—bashir. are these protests really different this time? can they and will they dislodge omar al—bashirfrom power? yasir arman, welcome to hardtalk. thank you so much, zeinab, for having me today. how far would you describe these current protests in sudan as representing the biggest threat to the rule of omar al—bashir? first of all, this is the biggest demonstration, ever, sudan has witnessed. not only during this regime, but even since 1956, when sudan got their independence. it's unique in terms of it's everywhere in sudan, in the rural areas and the urban areas. also, there is heavy participation of women in these. and again, also it has baptised a new generation of views into the political life. but you can't really describe it as a revolution. it's not really such a widespread nationwide movement. it's largely led by professionals, associations of doctors, lawyers, journalists. at its heart,

also does fit ronnie says the external face is quite subtle you need to look closely to spot the differences. but the japanese carmakers authority revamp the interior. now has been more comfortable from its than back seat. and why did cushioning and all bran. new dash. with a soft leather launch digital speedometer and sat nav display that means the six series now has a more high end quality to it making it a competitor for top range german cars like the c.d.c. class. it has a mix of digital and analog instruments the design and operation of the multimedia system in climate control is in truth. the improved seats are now even more comfortable. and the combination of materials used on the instrument panel. tyria a premium feel. rani says the interior is more like that of a mercedes than a high. and it's a standard head up display and adaptive cruise control system almost on rival do its class but running says once you get behind the wheel you do notice a difference to. the test as a sky active four engine coupled with the six speed manual transmission. with the more powerful diesel engines on

he is the external affairs secretary of the umbrella group of the main sudanese opposition parties.around western countries to step up the present —— campaign against president omar al—bashir. are these protests are president omar al—bashir. are these protests a re really president omar al—bashir. are these protests are really different this time, can they add will they dislodge omar al—bashir from power? —— can they and will they? yasir arman, welcome to hardtalk. thank you so much for having me today. how far would you describe is current protest in sudan as representing the biggest threat to the rule of omar al—bashir? representing the biggest threat to the rule of omar al-bashir? first of all, this is the biggest demonstration ever president —— sudan has witnessed. it is unique in terms, it is everywhere in sudan, in the rural areas and the urban areas. also there is heavy participation of women and news. and, again, also it has a taste new generations of views into the political life. you cannot describe it as a revolution. it is not such a widespread nationwide movement. it is

as it's also known is the partial or total removal of the female external genitalia or the injury to the female genital organs or medical reasons if g.m. is known to be practiced in about thirty countries in africa but it is on the decline and young women are at the forefront of challenging conine activists. will never forget the day it happened to her. when i do think about the day my parents took me and gave me to those women who had tools that i have never seen before so that they could do this to. prove that. well to be honest i was mostly and with my parents because they have betrayed me they didn't really tell me where i was going in war even though will by d.n.a. look they just told me i had to go on holiday and then i was faced with this when i got there. she says i'm traumatized when anyone talks to me about female circumcision i feel i can't breathe it eats away at me here if you set some rules so a lot of it officially after and has been banned in guinea since the year two thousand but the statistic tell another story ninety seven percent of women in the country have been

the multinationals are very levered externally. ns have come in so much that you are probably protected. is fully growth story priced into the markets right now. the expectation is that china until thew at all middle half of the year. the fiscal stimulus cannot kick in until the summer. the markets have already taken the worst case scenario into valuations. the china complex is ok. it's europe that i'm worried about. david: what about the fiscal stimulus we had here in the tax cuts? will that have a bad effect on future earnings? on the net earnings line on the growth rate and the base effect. lawdetails in the tax should extend the cycle longer. there will be immediate expensing -- those kinds of things should encourage capex. capex happens when there's less uncertainty. if we have a more dovish doesn't that support the argument to take on more risk? fed affectsdovish the earnings multiples. the discount rate is lower. this is supportive for markets. we are up 9% since the beginning of the year, off very low valuations. 16 times sh

and i could highlight the specific groups that we consider to be external threats to the united states and are truly the kind of focus. >> and there is a growing c.t. threat in afghanistan. is that right? >> i wouldn't label it as growing. in fact, we made huge progress against isis, which is the primary threat in afghanistan. i would offer more regional instability in afghanistan but not external threats. thank -- threats. >> thank you. general nakasone, you've described the progress that you have made in this year. i'm on my way from here to a hearing on the security of the electric grid and the energy and natural resources exit. and it seems to me a classic case of cross jurisdiction. and if you could describe your replace of cybercom and nsa to fbi, dhs, utilities, how do we be sure what you know and are able to do is protecting us because you don't have jurisdiction within the united states? >> senator, for the energy sector, the lead for the securing of that critical infrastructure is the department of homeland security. they work very, very closely with the sector specific lead,

well -- the external country supporting why though -- andd the entire national assembly and a large part of the population of course. our are hoping that national andd domestic pressuree will lead are either mother woul- to decide he can't go on which doesn't seem very likely yet or will lead a significant fraction of the militatary to withdraw its support.. a when they see t that the number of people out of the streets protesting and when they p particularly feel the economic sanctions that the us has ratcheted up. that's that's the hope. of course the risk is that the military will continue to support mother would -- but they will not be receiving the income that food imports will decline. on and that the population could be in greater misery for some time. so it's a very high stakes game and we're waiting to see really who blinks. well whahat it takes to get russia to drop its support for the regime how invested is moscow in venezuela. yeah russia and china are very interesting russia seems to have not. only -- material interest you know economic interest because of its investments an

. >> the external are -- external arm can help them open a door or something like that. >> reporter: it can also help to carry out a task in the home or workplace. researchers say that the wearable robots give them a better understanding of human movements, and i believe the technology could soon be a standard part of medical care. chris martinez, cbs news, phoenix. >> research are testing some of the devices with stroke survivors in arizona and i hope to expand the testing to more patients in the next couple of years. >>> it is 4:45 am. >>> let's get another check on the weather with the rain and wind hitting us hard. >> that's right. it is really coming down across the entire bay area so give yourself extra time. it is a mess with the rain and wind. here is the hi-def doppler and you can see widespread action for us with moderate to heavy rainfall. in the north day, you are getting pounded with already 1 to 2 inches so far with heavy rain stretching from windsor, santa rosa, rohnert park, bodega bay and pouring across petaluma right now. we zoom in and you can see from the east bay,

miles from the nearest see. >> truthfully will look at it in a global context so in afghanistan, the external threat adversaries have been greatly diminished and we are focused on them specifically. there is the larger counter search effort, but with a specific focus to support the efforts to drive that to reconciliation. >> it would hard to be after those terrorist organizations for your troops if we didn't have some sort of physical presence in afghanistan, is that right? >> it's something you can't establish in a hurry necessarily. i probably failed to answer senator kings question earlier, the way we look at the current context is very similar to 2011 so the recent annual assessment we did reflects on 2011 when al qaeda and iraq was badly down but not out and we pulled out of the rack at that point and we know that in less than two years time they were isys. how we finish that threat is of can critical concern. >> what is true of our troops is true of enemy forces as well, it helps them to have a safe, secure physical base in which they can carefully plot attacks outside of that base?>> y

francine: what about the external issues -- matt: what about the external issues?h of a difficult variable are those offering? >> as financial institutions, we operate in the environment. is working within the interest rate environment or the underlying economy. we swim within those tides, we need to adapt our strategy and business models to reflect the environment. as well as to adapt to the challenges the environment throws up. we have been working through that, it has not been easy. i would cite the interest rate payingment when you are for cash that is deposited after central bank versus earning, it is a huge competitive difference between being a euro bank and a dollar bank. but it is part of the environment, something we work through will hopefully be able to overcome. francine: that was deutsche officerhief financial james bond moltke -- von moltke. when we look at the sector, will we see more consolidation? or will it be banks within countries that merge? >> i think more consolidation would make sense. i'm not sure that we will see that. consolidation has b

have never be succeeding in this in the last series of cases we view americans where we complain the external truth value of american lives. for us it's lot acceptable all or nothing for it will come we really come to a point where we have to discuss for frankly with the americans well for limits of american that just. chinese telecoms giant while by has had back at its critics in the west flatly dismissing claims that it's a poor being used for beijing spying purposes. recently who always been under constant attack by some countries and politicians were shocked or sometimes feel amused by those ungrounded and senseless allegations chinese telecom from slammed the united states after receiving another blow in the five g. race they feel shocked and amused of how the united states is lobbying here governments against the firms the united states envoy to the european union has threatened its western allies that if the huge chinese equipment in their infrastructure projects they will face consequences and they will be in a disadvantage side when dealing with the united states the chinese firm has

she might be a fan of the vr, but i do wonder if she will be pleased to get the external fixate on herekend is one of the biggest date in the british movie calendar, the ba fta in the british movie calendar, the bafta film awards are taking place at london's royal albert hall. and what better way to celebrate ben bates chatting to one of those nominated in the best effects category pot those work on fantastic piece, the crimes of grindelwald. category pot those work on fantastic piece, the crimes of grindelwaldlj can't move against him. it has to be you. —— fantastic beasts the crimes of grindelwald. more of ourjob, at what we have to do is that baby and david yates is to creatively push the envelope and use the technology to aid them. we had some very specific things that had been written in the script, we had a hospital where there were more background creatures were we could go on some of the journeys. one of the key creatures was fairly specifically written as like a chinese tiger like creature. one of the animation artists built it and animated it and got it moving. and then, real

she might be a fan of the vr, but i do wonder if she'll be pleased to get the external fixator on her yes. it's quite annoying. brilliant. that was marc cieslak in sheffield. now, this weekend is one of the biggest dates in the british movie calendar. the bafta film awards are taking place at london's royal albert hall. and what better way to celebrate than by chatting to one of those nominated in the best visual effects category for their work on fantastic beasts: the crimes of grindelwald? i can't move against grindelwald. it has to be you. technically, you can dojust about anything these days. so i think more of ourjob, and what we're set with the challenge by bothjo rowling's scripts and by david yates is to creatively push the envelope and use the technology to aid that. we had some very specific things thatjo had written in the script, but we also had, like, newt's hospital, where it was maybe a few more background creatures that we could go on some of the same journeys that we did with the case. but one of the key creatures was the zouwu, you know, it's fairly specifically writ

afghan government he said that that was an internal issue and that would only be addressed once the external ones like the troop withdrawal would have been confirmed certainly they are complicated issues being discussed the timetable again we're going to have to wait and see what is achieved here over the next coming days we were all skin him whether he's optimistic he said well if we don't achieve something this round of talks there will be more. that just breaking news for you you remember that the iranian foreign minister zarif resigned via instagram yesterday well now we have the iranian president rouhani rejecting that resignation also on instagram apparently it's already more on those developments where the resignation of the foreign minister has apparently been rejected by the president in iran as rym bizzare for was one of the chief architects of the iran nuclear deal which was eventually pulled out of by president trump and that is a source of conflict within iran and really more that's breaking story about to the iranian president rouhani rejecting foreign minister zarif resignatio