i to drop one for you on all patel. -- alcatel. will sell the submarine business. >> the think he misses most about in basement banking is -- >> -- investment banking is the money. >> i wonder if you have an opinion. denmark says they will do anything -- >> david bloom joins us next. stay with us for that. ♪ >> the central bank governor told bloomberg the hague -- that abandoning the peg to the euro would be unthinkable. they would go on forever with measures to defend the hague -- peg. >> if anybody starts having doubts, we will have an issue. therefore, our message to the pension industry and investors is we will keep doing whatever it takes. there is the limit on our balance sheet. we can go on forever. >> what's get global perspective on the currency markets. david bloom has been waiting in the wings. he is the head of ethics research. -- fx research. where have we heard defense of the realm rhetoric before? two days before the swiss had to abandon -- >> sterling will remain -- >> you are going all the way back -- >> the swiss

alcatel loses the company -- that number boosted by many year-long running cost controls finally taking fact. this year is the final leg -- final leg of a three-year restructuring plan. fourth quarter up 97%. 579 million. the company did posting our -- a narrow loss. it shows signs of slowing from last year. when will greater -- when will twitter fix its user growth program -- user growth problem you go a really interesting and confusing quarter for twitter. the poorly written press release didn't help, with a through in confusing user growth. they said they lost uses because of an ios transition. they send the user growth is now going to go back to what it was a year ago. >> they talk about it being traditionally a slow quarter. i think the story was good and the stock has short up 17% today. >> i maintain i don't care about stocks. you do see a big turnaround reflected in the share price. what is going on with the growth? >> they have obviously identified it is a problem that is slowing. all of the work that goes on behind the scenes takes a long time. it takes many quarters for that

alcatel-lucent on the other side of the coin. their numbers doubles. down in the u.s. demand is healthy. carriers in europe are building out, but there was some upbeat story from the cfo saying that the submarine business was up for sale. the stock is down 3.6%. the sugar and sweetness business to open higher. full year profits will be below the guidance they gave us in late 2014. a lot of this is to do with the sweetener business in the united states of america. they have seen pressure there. preessure in europe. i cannot talk long enough to get that to open. keep and eye on the euro-dollar. merkel, hollande and putin. going to putin. it says a lot. which is that it is europe going to putin as opposed to putin coming to europe. >> fantastic work. a little bit of a lower open in london. breaking news from the swiss national bank. swiss january foreign currency reserves rise to 498.4 billion swiss francs. the russian and ukrainian currency rising as well. you see a little bit of a move in euro-swiss down. angela merkel and french president franÇoise hollande are heading

alcatel, lucent, ericsson, etc. we are the size of market cap and growth and people were read about us with juniper and others and yet we've pulled away from them as well. it isn't that cisco i am talking about is how fast his industry is changing. out of the big six ip players, three of us will not be relevant to our customers. you can say that as the silicon valley stuff where you move fast. if you look in this role, only 1/3 of you will be relevant in 20 years. when you look at uber and what they did to the taxi industry and amazon with the challenges of walmart. you will see those types of transformation coming everywhere in the world. the nice thing about cisco, if we lead the transformation, we will be in the center of it. connecting what would be 500 billion devices. >> people get excited and they feel threatened about it. buy some equipment. some businesses today, our technology businesses. the decisions about what the business is largely the coming technology decisions. we have a lot of ceo's, tell us about

alcatel, lucent, ericsson, etc. we are the size how do you see it?>> all of high-tech industry has for decades, i.t. should enable your business. in some ways, we did and in some ways do not achieve many of the business objectives. in the last 18 months, you have seen the image and how technology will get a different interface and allow to move. but it is not just in this country. you are seeing countries around the world change at tremendous speed. angela merkel talks about her country being a digital country. as with the key leaders in germany this past week and in france and that -- the prime minister of france and looking at how to digitize the country to make a competitive for the future. israel is probably the top high-tech country in the world with a digital first, gdp growth, job creation, inclusion of minorities, health-care education, movement of other cities. what it says is tied this together and these number of devices connected to the internet to 500 billion, you will be in a good spot. >> how does a business person make decisions on wh