the playing field the champions think is back this evening by munich and take on of turkey in the allianz arena buyers have dominated the bundestag of the season and they're aiming on using that momentum to rack up a vital win over the turkish champions. the icy weather three munich couldn't keep by munich health a training pitch. a thirty match winning streak in all competitions has the german champions brimming with confidence box coach and his squad resting on their laurels they're predicting a tough test. but. you will will see that they can really play. but it comes as no surprise to me that. they group and won three games with one yeah i just hope that we can put in a top performance so we can lay the foundations for the return leg. the three of us will be. a packed stadium is expected at the allianz arena for the game this despite busy banging their supporters from attending the match by defender is convinced there will be plenty of turkish friends in the stadium to voice their support. so i organized two tickets for a couple of friends there are many turkish people living in germa

. >> shares of allianz are trading low are after the u.s. tax overhaul natural disaster and the weak dollar hits results they proposed raising their dividend 5% and says they are targeting a 2018 operating profit of 11.1 billion euros >> italy's eni has more than doubled in the q 4 profit. if market conditions were more favorable, they would be able to create substantial value for sha shareholders shares are trading higher in milan. let's take a look at the europe markets. a strong session in asia led by the rebound in nikkei. it was good news and a relief for anyone involved in the japanese market. they are up 1.01% in overnight trading, the fifth day in the row that asian shares are on the rise and the picture in europe is still positive. almost all of the names in the stoxx 600 basket are in the green. ending the week on a high note let's get on to individual stocks all of the four major indices are in the green ftse leading up 1.1% the picture is green and all of the three majors are having a good end to the week getting into sectors, we

i'm joined by michael lindower from allianz capital partners. good morning what's the big topic for 2018? >> the big topic for 2018 is a difficult question this is a market which is highly priced, we expect this in the absence of macro shocks, geopolitical events. we expect this to stay for 2018, so we pretty much expect the market will probably push on, so it will be a lively market but still high priced with also benign fund-raising environment. >> let us look at europe obviously allianz capital partners is headquartered in munich where do you see opportunities in europe given that we are also in a very good -- in a very good position in the economic cycle >> if you look at private equity, private equity essentially is not a plaque kro gam macro game but a micro game. we are looking for fund managers to find the right company. i couldn't point, you to a country and say this is more interesting than others, but we're trying to uncover the best opportunities throughout europe. >> is brexit affecting you >> brexit is something to watch. our best

let's turn our attention back to allianz.a record year for natural disaster insurance claims, but it was not enough to stop them. the company is going to announce that it was on track to deliver on its three your targets -- three-year targets. us, he isz cfo joins giulio terzariol. you have upped the dividend. what the market wants to know is that if you're raising the dividend, are you perhaps less interested in doing acquisitions in 2018? help me. giulio: good morning. we raised the dividend, as you noticed. it is also following our policy that we take 50% of our net income -- that we pay 50% of our net income. we are clearly interested in looking into acquisitions. as usual, we look at acquisitions, we want to have a cultural fit. in the case that we cannot take all of these, we go back to paying dividends in excess or to paying buybacks. fundamentally, nothing has changed in our philosophy in a regards to capital management. manus: in terms of the kind of targets that you may be focused on, there is a lot of competition o

a packed stadium is expected at the allianz arena full of again this despite visit tash banning their supporters from attending the match by defender mats is convinced that will be plenty of turkish friends in the stadium to voice their support and that does it for us thank you so much for spending this part of your day with us we have to say again at the top of the hour for now if i. can read one line is made by you that is merely an eye. towards the channel. we have only four seasons stories yet they turn them in and then you go on to. tell us about the use of better check it out yourself.

while in domestic rugby union, leicester won at allianz park for the first time after beating second—placedure leicester's bonus point. it takes them seventh. elsewhere, london irish beat worcester. meanwhile, in the pro 1a cardiff blues came out on top in a low scoring affair against zebre. and ireland have moved to third in the women's six nations. claire molloy scored two tries as the irish pulled away in the second half to beat wales 35—12. england lost a thrilling first one day international against new zealand. the kiwis chased down 285 to win with four balls to spare in hamilton. ben stokes was making his first appearance since he was charged with affray and although he made just 12 he helped an england fightback with the ball taking two wickets... tom latham for 79 then got colin de grandhomme cheaply caught behind by jos buttler. now in athletics, the glasgow indoor grand prix has taken place today. in the mens 60 metres, there were four brits in the final but adam gemili, cj ujah, ojie edoburun and reece prescod all finish outside the first three places. china's bingtian su was th

a packed stadium is expected at the allianz arena for the game this despite busy cash banning their supporters from attending the match by defender mats hummels is convinced there will be plenty of turkish friends in the stadium to voice their support. i organize two tickets for a couple of visit test fans there are many turkish people living in germany and they follow turkish football they'll be loud perhaps not as loud as usual as they won't all be concentrated in one area which is often the case of the followed by a need to be wary tash are no pushover and they thrive in a big match atmosphere the question is can they pull off a shock in munich. to the winter olympics now or an ice hockey player has failed a doping test in. slovenia and. tested positive for the prohibited substance terrill used to treat bronchitis in competition test. has been suspended from competing in the remainder of the of the games and he will leave the olympic village within twenty four hours. and just for we go a reminder of the top stories that we're following for you here today on g.w. news the u.n. has warned syr

gonzalo higuain scored a hat—trick asjuventus thrashed sassuolo 7—0 at the allianz stadium.m top temporarily. alex sandro got the hosts going with a goal in the opening ten minutes of the game, that was followed by two in three minutes from sami khedira. anotherfrom miralem pjanic saw them 4—0 up at half time, with higuain scoring a hattrick in just 20 minutes after the break. elsewhere in italy, napoli moved back above juve at the top after beating bottom side benevento 2—0. dries mertens and marek hamsik with the goals. also wins for cagliari, atalanta, fiorentina and roma. barcelona were just eight minutes from losing their unbeaten league record at rivals espanyol when gerard pique headed in a lionel messi free kick to earn them a point. gerard moreno had put espanyol ahead on 66 minutes, and when pique equalised, he celebrated in front of espanyol supporters, who were already upset with comments he made about the club earlier in the week. there were minor scuffles at the end as well as the players walked off. here are the other results from the primera division on sunda

and going to take a soccer saturday's action soul shall catch travel to buy a new knicks allianz arenathe royal blues were desperate for points to get back into the top four for that covers a champions league spot a child has chances slam considering by and had won their last eight games in the bundesliga as find became a national top. a quick hello from laon gorecki to his future by and teammates he'll be leaving shall be in the summer coached america to death go set his stall out to defend with four men at the back instead of his usual three but it made no difference to the league's best attack thomas miller's effort from distance provided the perfect assist for robert levin dusky i one nil by and with only six minutes on the clock the strikers dummy allowed him to goes into the shelter box undetected keep it all famine left with little chance. the worst possible start for shelter but they remain just threats and after half an hour they forced an equaliser. the rest is miss kick following into the path of frank goodison to. up the other end i and robin played in milan and the german

. -- life and casualty insurance, the allianz ceo spoke to bloomberg. >> we are in the process of completing we did 3 billion and buybacks in 2017 and doing 2 billion and buybacks. we will evaluate options and we will look at what is the best way to deploy the capital we have the -- we have. we have capital to deploy and if we can deploy it at about the cost of capital, we will do so. if we cannot do it at the cost, we will go back to buybacks as a mean to give returns to shareholders. >> a lot of people who watch the show tend to see the other part of your business more front and center, pimco. at the end of the quarter, we saw quite a big influx into the pimco business, how is it done in terms of the last quarter of the year? go inn you look at him the last quarter -- pimco in the last quarter of 2017, 40 billion of inflows and looking at january, they had about 16 billion in u.s. dollars. the flows are very strong. specification between institutional and retail investors. strongy the inflows are but also add to the quality of the inflows is pretty good. >> you won the inflows in europe ?

still with us, andreas utermann from allianz global investors.angela merkel would be willing to give some concessions to britain to kind of keep them on side, then i see, european parliament would never vote for it. which one is it? >> i don't think the european parliament or angela merkel i've really that much say in the negotiating details. francine: who does, boris johnson? >> they've been very clever inconsistence as the day britain voted from brexit. anybody who comes knocking on the doors in paris or berlin or elsewhere gets pointed back toward brussels. i think that is where the action is going to happen. i think the rhetoric is for once probably pretty accurate. europeans will not allow the cherry picking approach will stop i know that is what the u.k. once. the deal that david cameron had was essentially a cherry picking deal out of the menu that was not accountable to the electorate. i think are going to have to face some hard realities. francine: in its you don't see this mirroring for certain implementations or certain regulations? we

at allianz who had already made up their own minds saw that sentence despite the outcomes of the referendum as an insult it also infringed upon an e.u. article demanding neutrality. and. says that this. so yes. the. that you don't. know who are not mixes. going to do your. group i mean is that funny that we're going to prevent this is the exact city going to. your local modest you'll do go up it don't go do do do men these are peaceful says it all to always up in. large scale privatizations of a key demand in every memorandum that the troika has imposed on every greek government the water companies of athens and thessaloniki always on the list. was. mr make a luck as a journalist and was new democracy spokesperson. he later became interior minister for the right wing government formed by antonius a modest and twenty twelve. that was the year in which a minimum percentage state holding in the two largest water companies was abolished by law paving the way for complete privatization. thought if you tickle bees in the car then the copy of them will not be your. i'll ask you what i've made perf

at allianz who had already made up their own minds saw that sentence despite the outcomes of the referendum as an insult it also infringed upon an e.u. article demanding neutrality. that. says it is our men. and this you understand. so yes you know what that means. scott just give this that you don't. know who are not mixes. going to do your. group i mean is that funny that we're going to prevent this is the exact city going to molt. you know locomotives you'll do know it don't want to do would amend these are peaceful says quote. always up in. large scale privatizations of a key demand in every memorandum that the troika has imposed on every greek government the water companies of athens and thessaloniki always on the list. goes. mia. mr make a luck as a journalist and was new democracy spokesperson. he later became interior minister for the right wing government formed by antonius a modest and twenty twelve. that was the year in which a minimum percentage stayed holding in the two largest water companies was abolished by law paving the way for complete privatization. thought if you tickle

at allianz who had already made up their own minds saw that sentence despite the outcomes of the referendum as an insult it also infringed upon an e.u. article demanding neutrality. that. says it is our men. so yes. the. that you don't. any who are not mix is. going to do your. group i mean is that funny that we're going to prevent just this is the exact city going to molt. you know locomotives you'll do it all up it don't want to do would all men these are peaceful says quote. always up in. large scale privatizations of a key demand in every memorandum that the troika has imposed on every greek government the water companies of athens and thessaloniki always on the list. was. mia. mr make a law case as a journalist and was new democracy spokesperson. he later became interior minister for the right wing government formed by antonius a modest and twenty twelve. that was the year in which a minimum percentage state holding in the two largest water companies was abolished by law paving the way for complete privatization. thought if you tickle bees in the car then the copy of them will not be y

lucy macdonald, cio of global equities at allianz global investors joins us now to discuss.xpecting correction because of the vertical rise we have seenin because of the vertical rise we have seen in markets this year. one of the risks we have been looking for was inflation surprise, that is what we saw on friday. was at a big surprise? it is a pricing that wage inflation is the dog that has not barked in this relatively strong market with low unemployment. listening to janet yellen over the months and looking at why has there not been more wage inflation, the quality of the jobs coming into the market has been part of that. but we saw the first hint of it on friday. we are seeing what you would normally expect to see at this stage ofa normally expect to see at this stage of a recovery. you get the reaction and bond markets, which comes into the relative value. it is textbook stuff. it is not a surprise that it should happen in this way. the question is how far it goes from here. there is a story in the national, the 500 richest people in the world lose a combined $140 billi

gonzalo higuain scored a hattrick asjuventus thrashed sassuolo 7—0 at the allianz stadium alex sandrowed by two in three minutes from sami khedira. anotherfrom miralem pjanic saw them 4—0 up at half time with higuain scoring a hattrick in just 20 minutes after the break. napoli hoping to move back above juventus, at the top with a win. defending six nations champions england have got their 2018 campaign off to a winning start. they've beaten italy 46—15 in rome. england only had a seven point advantage at half time, but their power shone through in the second half. they ran in seven tries in total. anthony watson and debutant sam simmonds each scored two tries. very good, very positive and the first game is always difficult. italy are always traditionally a difficult opponent and they played very well today. well coached by their coach and may have good young players coming through. to have the bonus point and then go on and win bya bonus point and then go on and win by a substantial score was positive for us. it hardly seems credible that petra kvitova is back winning wta titles. jus

all right now germany's allianz insurance company announced a drop in net profits of two point three percent to six point eight billion euros for last year but it says underlying profits that this year are stable now a string of storms in europe and natural catastrophes around the world took their toll on audience profits the company paid out just over one billion euros in disaster claimed in twenty seventeen now that it's nearly double the amount from the year before. fights back fill match for his upstate with the latest from one of the. deep thank you so much i don't know yes we're talking about the lead out of the boat and film festival another day and a film all three. david leavitt's fairly stand that welcome david talk us through today's red carpet action. they feel so right behind me and sort of the first crowds of fans have lined up waiting to see robert pattinson and he's going to be coming through in just about an hour this is the glory of the bell you know if you will if you're robert pattinson fan you just need to show up with a blanket stay warm and you'll see him he's

jpmorgan is skeptical that ollie allianz would be earnings with higher than average estimated expenses for the fourth quarter, perhaps shares on their trading lower. what is interesting today is that these are coming even as mann yields move higher. selling in the treasury market, just as we have seen all year. 2.8% is where we are right now, with an increase this year, typically that would be good for the financials, but it is not proving so, at least not in today's session. the yield curve, steepening again. have the spread between the five and 10 year, the two and five year. concerns over of whether it signaled a recession or not. since we saw an equity selloff in february, the yield curve has started to steepen again. trendat low levels, but a to watch. what are you seeing in europe? market watchnd is after the thursday session with the biggest increase since april of last year. the downward trend continues. of today, look at the sterling, the pound against the dollar, up by 1% midday when the announcement came up. the sterling has been drifting 24th. since january the rates meetin

allianz, the insurer with a record year, financial disaster insurance claims, not enough to stop themrom raising its dividend. sticking with a plan to return cash to shareholders and shares up 4/10 of 1% today, europe's biggest insurer and they end -- increase the dividend last year by 5.2% eight euros -- 5.3% to eight -- euros. shares in alianza today at 4/10 of 1%. 90 minutes into the session in the u.s.. what is it looking like? >> modest gains for the major averages for the dow, s&p 500, nasdaq modestly higher with gains of greater than 2/10 of 1% after mixed trading, small moves to the downside, between small gains and losses. days of gainser with the major averages on pace for a six update in a row -- of d -- up day in a row. face -- hundred and on s&p 500 on pace for its best week since 213. -- 2013/ . these are the technicals, the s&p 500, the 208 moving average -- 200 day rising moving average in orange, rising. dip investors are moving into the near-term, supporting the index. this is the percentage of stocks above the 200 day moving average , which had dropped dramatically

allianz global investors said yields have become messy, but good.about the flattening yield curve and the search to for more volatility. >> we have reached an interesting level at the 10 year and it is interesting the yield curve has flattened to where it has. been anls have really interesting move and i don't think the yield curve will steepen from here without further action on the short end. >> could it get messy from here? >> it got messy already, hasn't it?" it i good messy. volatility is healthy. we had such a risk on trade for so many years with the fed put and all that, so a bit messy, but has corrected itself, and now we are looking forward to more volatility, and if you are in active investor, it means opportunity to generate alpha. >> where does the volatility come from? this is a simple s&p chart back to 2014, my chart of the week a couple of weeks ago. every time you see a circle, a 5% correction downward. you can see the upward trajectory of the s&p 500, then we have what happened a couple of weeks ago. do you think there is more volat

it's not just swiss re if you look at xl group, it was up over 12% on speculation that allianz and others are looking at it again. what is going on is a huge confluence of different drivers coming together at the same time creating a spike in m&a interest >> we heard from geoff talking about mario greco's transformation of zurich how do you rate that effort to streamline the business? >> again, he also touched on 2017 being a tough year. what was interesting today was that the board was able to look through the noise coming out of the hurricane activity, look at the underlying improvement of the business and therefore feel comfortable to ratchet up the ordinary dividend buy to 18 swiss francs a share moving that dividend up sends a signal it's not going down it only goes one way from here on top of that they talked about anti-dilution activity, removing di dilution from past share employee benefits and future compensation plans sending a strong signal about the prospects of zurich's earnings going forward and the capital position of the group. >> combined ratio is the industry's preferred

allianz's fourth quarter profit fell on a hit from the u.s.a positive result, they say they posted up for a sixth straight quarter walmart is reportedly in talks to buy a more than 40% stake in an indian commerce firm called flipkart shares of walmart slightly higher this morning as well and roche is buying cancer data start-up flat iron it taps into multiple data points in cancer cases to help doctors choose promising outcomes for patients. >> cbs providing fourth quarter growth they see it in the high single digits this year with earnings in the high teens. those shares up fractionally shake shack's fourth quarter revenue ended and beat forecasts thanks to a rise in same store sales. the burger chain plans to open up to 35 new locations this year the largest number of openings in its history those shares down 4.5% avis budget investor seeks board shake-up they are controlled through derivatives. >> to celebrate shake shack earnings, i ate dinner there last year. >>> another big story, u.s. regulators block the sale to china-based investors.

. >> joining me is simon gargel of uk equities at allianz global investors. picking up on these barclays results, it appears many investors were encouraged by they lifted the dividend payments if you look into the nitty gritty of the businesses, is the picture still positive >> we're coming out of the wilderness for many uk banks, there were a lot of legacy issues, and we're coming through that yes, underlying the business is starting to perform better 10% increase in pretax profits is encouraging. >> when you look at the competition of barclays as a bank, many people point to the fact that it is still investment banking heavy compared to competitors in the uk does that make you concerned about the outlook for this year? >> it's clearly different from a bank like lloyds, but it has a strong position in credit cards, a strong uk franchising, and a strong investment bank it would benefit more from volatility in markets, activity in markets, probably from rising interest rates when you look at barclays, it's not right to compare it with lloyds you have to take i

a record year for natural disaster gains -- retro disasters is not keeping allianz back.e seasons in history, plus california's wildfires in the fourth quarter. in france, renault extended the 10 year of the ceo for four years to focus on the longtime partnership with nissan. renault named the second in command to eventually take over. it is the chief competitive officer. the struggling chinese conglomerate hna reduced at stake in deutsche bank and now owns about 8% -- 8.8% of the german lender, down from almost 10%. spree, made them deutsche bank's are just shareholder. tom: thank you so much. , and itdull moment never is with their a chief washington correspondent kevin cirilli. there is so much to talk about, the tragedy in florida, what we see in immigration, but breaking this morning off of "the new yorker" magazine is an article that will transfix the white house about mr. trump, about a past allegation and a blunt interview from a woman from pre-election. how will that fix the house, the white house today? kevin: i think it will fixate the national media. i do not

a packed stadium is expected at the allianz arena full of again this despite busy banging their supporters from attending the match by defender match is convinced there will be plenty of turkish friends in the stadium to voice their support line up so i organized two tickets for a couple of fans there are many turkish people living in germany and they follow turkish football they'll be loud perhaps not as loud as usual as they won't all be concentrated in one area which is often the case. by a need to be wary tash are no pushover and they thrive in a big match atmosphere the question is can they pull off a shock in munich. so mike by munich are clearly the favorites going into this match but which set of fans do you think will be the most vocal stadium i think will be the home fans by munich because there won't really officially be any travelling fans from bush picked us in the stadium. themselves decided not to take their allocation in the away block that's because there was riots in france an april twenty seventh scene between fans and olympic musée fans in france and that was in the eur

allianz, given what is going on with the dividend. watch them, this is bloomberg.pen is 10 minutes away. ♪ ♪ guy: six minutes till the start of cash trading in europe. european stocks broadly called higher, but what about individual names? we are joined from our stocks team. casper, let's talk about vivendi . uninstallation a was one note i read this morning. the story has become more about music. especially with platforms coming up. people will go back to the stevie wonder and johnny cash jams. there has been talk about listing universal music. now they have come out with a more cautious tone and the listing is not in the cards yet. they didn't provide a guidance for the business. the other business has done a transition phase, so lack of good news. nothing severely bad, but not great. aboutwhat are we hearing oil and gas output climbing to a record high -- some conflicting reports out of oil majors the last couple of weeks. is one of thethis more encouraging ones. record oil and gas output right on time, when we get oil above $60 a barrel, looking pretty good rig

allianz. trading strongly. interesting to see how the oil's generally do. a quick look at the losers. trading down by 2.28%. rb not trading very well. season seems to have caused the market to take a little bit of a fright or catch a cold. b.a.t. trading down as well. unilever softening up as well. a bunch of things came out of the munich security conference. there, the ceo of siemens. we asked him, we are talking to him about the raid dalia short position. $22 million bets against some of europe's biggest companies including siemens. his is what he had to say on that. it's a free market. i have always been very strong aspects of sustainable on a very high performance level. areously, if companies against something they would have their reasons for doing it. there also are fundamentals. we are looking at topline growth. i feel pretty good. fundamentals still look strong. the relationship is not exactly a hundred percent it will be interesting to see how investors do with the issue of fundamentals, earnings, and relative valuations. good morning. reallyket b

a packed stadium is expected at the allianz arena full of again this despite busy cash banning their supporters from attending the match buying defender mats hummels is convinced there will be plenty of turkish friends in the stadium to voice their support. so i organized two tickets for a couple of big test fans there are many turkish people living in germany and they follow turkish football they'll be loud perhaps not as loud as usual as they won't all be concentrated in one area which is often the case of to follow by a need to be wary tash are no pushover and they thrive in a big match atmosphere the question is can they pull off a shock in munich. euro go live to the berlin international film festival again coming up in two minutes. an entire generation robbed of thank you and their future syrian refugee children in lebanon their exploited as wage slaves and forced to work instead of going to school and it's a vicious cycle. but they are the ones who would have to rebuild syria levanon the last generation. of the five minutes on d w. we make up of what we want tells of a fix tha

a packed stadium is expected at the allianz arena for the game this despite busy tash banning their supporters from attending the match by defender mats hummels is convinced there will be plenty of turkish friends in the stadium to voice their support. so i organized two tickets for a couple of visit test fans there are many turkish people living in germany and they follow turkish football they'll be loud perhaps not as loud as usual as they won't all be concentrated in one area which is often the case of to follow by a need to be wary magick tash no pushover and they thrive in a big match atmosphere the question is can they pull off a shock in munich. arbutus league aside wolves were going have an announced the appointment of their new coach as their third this season less than twenty four hours after martin schmidt stepped down former homburg and stuttgart boss bruno labadee out takes over the helm as the faltering wolves yes signed until summer twenty nineteen the club has been struggling to find its form and since its fourteenth in the bundesliga take on some. poles. all right before i let

spurs still trailing 2—0 at the allianz after half an hour.ague leaders have taken full control of the tie with bernardo silva adding their second at st jakob—park. it‘s now three away goals with sergio aguero scoring his 14th goal in 11 games this year. city can virtually think of a place in the quarter—finals already. sky and bt sport have agreed to pay almost £4.5 billion to broadcast premier league football games for three seasons from 2019—20. five of seven live packages have been awarded, with bidding for the remaining two ongoing. here‘s our sports news correspondent richard conway. what the premier league are saying tonight is that five of the seven packages that were available to broadcasters have been sold, one to bt sport which of course already shows premier league games. the other four to sky. they are securing four of those existing seven packages for a fee ofjust under £4.5 billion, saw another huge amount of money of those packages. two of the packages, therefore, remain, and the premier league is a multiple bidders are involve

lucy macdonald is the cio at allianz. coming up, we have ryanair. they reported a 12% jump in third-quarter profit. we will talk about the numbers. we have the cfo who joins us for his first interview of the day. anna: german coalition talks. merkel and the spd taking negotiations on a potential new government. is a deal within reach? we bring you the latest from berlin. this is bloomberg. ♪ in thenet income jumped third quarter. they committed to a $750 million -- 750 million euros share buyback. joining us now, the cfo for ryanair, for his first interview of the day. good to see you. 750 million euros. i want to focus in on the cautious guidance for the full year. why the caution? what is the top line in terms of holding you back? easyjet intimated that we actually think that ticket are on the right. why are you cautious? is that a disagreement with easyjet? >> are on the right. why are you the quarter just en. guiding profits and a range of 1.4 5 billion on a basis. billion on that basis. we are also seeing fares down at least 3% on a full-year b

john williams and allianz advisor are in the mix. u.s.orces in syria are said to scores of russian mercenaries in the deadliest clash since the cold war. three russians say 200 contract folders fighting for syrian president al-assad died in a a joint u.s. in credit space. the russian military said it had nothing to do with the attack, and the pentagon except that. the israeli prime minister, benjamin netanyahu, faces the biggest task of his political light. -- life. evidencethere is netanyahu traded influencer favors. the prime minister denies any wrongdoing and claims he is a victim of a left-wing witchhunt. it would be the first time a sitting israeli leader is charged. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am jessica summers. this is bloomberg. yvonne: paypal has been pushing to make its service a versatile financial tool rather than a payment button on website. is strong. paypal's latest forecast fell short of estimates. joining us from the conference in san franc

commuter-based insurer xl group -- according to people familiar, germany's allianz is one of those twoit in recent years for the cost of natural disasters. that is your bloomberg business flash. to: taylor riggs, listening all of our efforts, axel weber and the gentleman from commerzbank as well as mike wilson. someone fascinating in all of this responsible to his. -- responsible to his periodic to bring up a chart -- responsibilities. i want to bring up a chart. every single viewer has to do with. rateis a fed funds target adjusted for inflation. i would suggest the yellow circle is stanley fischer telling us that we are altra accommodative. we are nowhere near in normal price of money. mike: we haven't been for 10 years. tom: when we get there? mike: we are getting there. it normalizes in different stages. now we have global reflation peers central banks are moving in the right direction to normalize policy. markets are now normalizing. we saw that positively last year. you mentioned for be delay spreads. the cost of money is what to reach the natural rate of inflation where the econ

. >> allianz's fourth quarter profit fell. the results came in shy of forecasts. on a positive note, they say pimco posted inflow for a sixth straight quarter walmart is in talks to buy a more nan 40% stake in indian flipkart this could value flipcart, an amazon rival, at more than $12 billion. roach is buying cancer start-up flatiron for just under $2 billion. flatiron is backed by alphabet and taps into multiple data points in cancer cases to choose the best treatments. it stores billing data and doctor's notes >> let's get to mike santoli now. >> the market has passed whatever tests we have had since that selloff we are three weeks from the all-time high. two weeks before the big gut check started with the inflation scare, the market has been checking off a lot of things and responded to oversold conditions the s&p 500 has been up more than five percent. we are at a point where i think the s&p 500 is back up into a zone where it would be pretty logical for it to stall out. a lot of people focused on this area for a few reasons it is pretty close to the year to