lucy macdonald, cio for global equities at allianz investors.hey were i this morning. waking up to equity markets which really have gotten small challenges to deal with. the world back in the tariffs. no side deal according to mnuchin. daybreak europe the market open will continue this debate for markets in europe. this is bloomberg. ♪ good morning! oh no, here comes the neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. anna: good morning. we are live from our european headquarters in the city of london. say no need tot fear, european central bank officials dismiss concerns of a recession. the devil will be in the data later this morning. the cast trade is less than an hour away. ♪ matt: duty-bound.

vonnie: what shocks is elian's -- is allianz looking at?ucy: within politics, we will need to see how it is developing between the u.s. and iran. clearly if things escalate, it could begin to have a macro economic. about the moment, it hasn't. which is the oil, main transition mechanism into the economy, is relatively subdued. vonnie: given that, where would we see the shock? -- with theet class asset class be able to withstand it more broadly? lucy: where we would see the impact would be coming through the oil price. east is not addle huge part of the global economy. it is what happens with the u.s. and china on the trade war, which hopefully we will get some early-stage agreement, that is far more important as far as the global economy is concerned. stocks are quite unloved at the moment, possibly even described as toxic. if oil goes up, that may even continue to go up. is this argument, or will it encourage people to revisit the idea of owning oil stocks? your i think it depends on investment philosophy. yield, there'srm concern about gr

exe lead at the top of the bundesliga to just a single point after a 5 ball demolition of shaka the allianz arena. i'm told me a lot of well welcome to the program we begin in china where president xi jinping is warning that the corona virus outbreak is a grave situation for the country the risperidone infection has now killed at least 56 people in china with more than 1900 others infected canada has confirmed its 1st case of the virus a patient who had recently returned from war han where the outbreak originated chinese authorities have been trying to limit the movement of tens of millions of people for the lunar new year holiday. this should be one of the busiest days of the year here as lunar new year holiday crowds swarm through shanghai's disneyland but disney town is a ghost town closed until further notice there will be no mickey mouse to usher in the year of the rat in response to the prevention. help in the market. are temporarily. tourist attractions across the country have been closed to the public now. i just went to chairman square and the imperial college and they're all close

he is -- he spoke with the allianz ceo.iver baete in an exclusive interview, the ceo of allianz, and the also have the finance arm that includes pimco asset management. in terms of his reaction to the trade deal, relatively optimistic but wants to go through the details and look at the implications. the reason he was in shanghai is the same day the trade deal was signed is that he is officially opening the first foreign-owned insurance holding company. toianz thinks it allows them take parting opportunities on everything from property to casualty insurance on life insurance and asset management. he things that is crucial. but to get that and take part in those opportunities, they need more licenses. and that is part of that face-one deal, pressure on china to speed up licensing in the financial industry. so the implications are significant for him and his team. take a listen to what he had to say about the trade deal and the opportunities in mainland china. olvier: the good news is that we finally have some agreements betwe

coming up, we hear from the chief executive of allianz. something you do not want to miss. that is coming up a little bit later. let's get to first word news. viviana: we begin here in the u.s., the house of representatives sending two articles of impeachment. it is the first step to begin donald trump's trial almost certain to end in acquittal. chief justice john roberts of the u.s. supreme court will preside over the trial. the senate serves as the jury. the trial will begin next tuesday. over to russia, that is where vladimir putin replaced his long serving prime minister. he is calling for sweeping changes to the country's constitution. he is looking to extend his grip on power. his presidential term ends in 2024 but he could take on another post to ensure his continued influence. convinced manager is the city of hong kong is headed for a crisis at >> you are going to see a full on banking crisis in hong kong. you have an economy in a stage of freefall. viviana: his warning doesn't seem to be convincing markets. months of unrest as the city's market has shown little sig

that is mona mahajan, allianz global investors u.s. investment strategist. todayeep an eye on boeing after a 737 jet from iran to ukraine went down shortly after takeoff, carrying one hunter dixie seven passengers and nine crewmembers -- 160 seven passengers and nine crew members , and according to authorities, everyone on board died. this was apparently caused by an engine fire, but you look at the circumstances and what we have been talking about, questions are being raised about the timing. our correspondent joins us here in london. you look at what has happened here, do you see the point of mechanical failure, or given the timing, do questions have to be asked about whether or not this was actually brought down by possibly a bomb or missile or some thing else? reporter: the timing has certainly led to speculation about the cause. about six hours after those missile strikes, speculation that it may have been tehran's own air defense system that caused this. also perhaps that a bomb might have been involved. but then a few hours later, we had the iranian a

he is the chief economic adviser at allianz. that wraps up this show for me.'ll so you at 10:00 p.m. eastern. "deadline: white house" with nicolle wallace begins right now. ♪ >>> hi, everyone. it's 4:00 in washington, d.c. where the nation's capitol has overnight been placed on a warfooting. donald trump last night ordering an attack on the second most powerful person in the iranian government, general qasem soleimani. soleimani who headed iran's global militia known as the quds force had the blood of hundreds of american soldiers on his hands. soleimani response for the iranian-backed militia ins iraq and their use of deadly ieds that killed and injured hundreds of american soldiers. it's a day

investmentis an strategist with allie on's -- allianz. ?sector turning around >> good morning. good question. today's figures are a bright spot. they are confirming that the domestic demand side is holding up quite well. anna: yes, indeed. what have you taken away from the german growth data? we saw the weakest growth in some six years. but we see things looking brighter. >> this data yesterday confirmed a temporary cyclical rebound that markets often hope for. in the eurozone economy overall. this still remains to be seen whether these can be signs of a bottoming out. if they are on firm ground or shaky ground. matt: we have had some decent inflation numbers today. expectations out of germany. we have this investment in green deals that we had earlier this year. now we have another $95 billion going into the bond. it looks a things are turning around. economyxpect the german to recover from the dip we saw in 2019? i think there are increasing chances for the german economy to experience a temporary rebound. this would be supported by some

also the champions of europe and their title defence is still alive after they beat racing 27—24 at allianzh maro itoje but billy vunipola had to come off with a suspected broken forearm. of the six nations. the england number eight is expected to miss the start of the six nations. sarries looked in trouble when vunipola's replacement will skelton was sent off for this high tackle. but they rallied in the second half with another try from itoje and victory was sealed by the boot of captain owen farrell. they will qualify for the quarterfinals if gloucester slip up at toulouse, and they are losing at the moment. england's cricketers are closing in on victory in the third test. south africa closed on 102—6 in their second innings in port elizabeth after being forced to follow on and they still trail by 188... south africa only managed to add on one run to their overnight score, losing four wickets this morning, including quinton de kock to the bowling of sam curran. that meant they still trailed england by almost 300 runs when they were put back in, and the england wickets havejust kept comin

it's consensual, nothing happens and we saw it in the results of the companies so three companies, allianz disappeared, and three companies growth disappeared, profits are down i'm finding a hard time to see any strategic direction, no more technology innovation coming and on top of this, the line missed the unmissable, which is fiat chrysler that didn't go with allianz. they go with psa but it's unbelievable, how can you lose that? how can you lose this huge opportunity to become the dominant player in this industry by developing ties with people who were eager to join you, who were totally complimentary to the lines? obviously you'll have 15 explanations, it's because of ghosn, because this and that and that everything is on me, now, okay, but it is unbelievable that this happened, it's unbelievable. so what i would like to say is, this is not a common case where you say mr. ghosn, he didn't, and the media sometimes they say he didn't pay taxes. no taxes involved. he didn't compensation when i tell people i didn't receive any compensation, they are surprised b you the whole story has bee

he is the chief economic adviser at allianz. that wraps up this show for me. i'll so you at 10:00 p.m. eastern. "deadline: white house" with nicolle wallace begins right now. ♪ >>> hi, everyone. it's 4:00 in washington, d.c. where the nation's capitol has overnight been placed on a warfooting. donald trump last night ordering an attack on the second most powerful person in the iranian government, general qasem soleimani. soleimani who headed iran's global militia known as the quds force had the blood of hundreds of american soldiers on his hands. soleimani response for the iranian-backed militia ins iraq and their use of deadly ieds that killed and injured hundreds of american soldiers. it's a day to hold two seemingly contradictory but equally important facts in our heads at the same time. soleimani was a u.s. adversary responsible for the deaths of american soldiers and his killing puts americans here and around the world in grave danger as iran vows revenge and harsh retaliation. and with news breaking today that more than 3,000 troops will be deployed to t

. >> he is with allianz. he joins us with a fox business exclusive.im in front of the cameras. if anybody knows, charles, he will have a better grip. i hope people join us to see. charles: he is one of the calming voices out there. >> thanks very much. charles: tune into "the claman countdown." it is right at the top of the hour. stocks are in selloff mode in large part to growing concerns over the coronavirus. coming up other factors you need to consider when investing? >>> next its being called the deal of the century. we'll have review of president trump's highly anticipated middle east peace plan. so stay with us. ♪. robinhood believes now is the time to do money. without the commission fees. so, you can start investing today wherever you are - even hanging with your dog. so, what are you waiting for? download now and get your first stock on us. robinhood. can you help keep these iguys protected online?? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinit

ghosn, you make 15 years anniversary of the allianz in versaill versailles, yes, sure. site in france it's a symbol of the genius that france has it is a symbol of the opening to the world. if the symbol of the globalization of france, you talk about versailles, any foreigner will come to versailles they're amazed by the beauty, by the attraction, by the gardens that's why we saw versailles it's not because you want to mimic louis xiv or marie antoinette, it's ridiculous. we say hey, i made a speech. where is the speech? speech sup here. all of a sudden i can't get the speech i made, which was a corporate speech where i thank all the people for the support they give to reliance. where y the executives were not here it was not for the executives. we had the celebration with the executives which was different this was for the partners and foreign partners if you invite somebody in france to go to versailles who count' care you invite an american, chinese, japanese to goer have vie, they all run. that's the reason of versailles, but the suspicion is, hmm, this was adversit

allianz chief economic adviser watch us live on the go on the cnbc app, listen to ou @squawk pod andwe'll be right back. ♪ >>> we are under an hour to go from the opening bell on wall street senior markets congressmen they tor mike santoli joins us now with a look at some of the best performing tech names that we have seen. good morning. >> good morning. the biggest ones the markets january despite the stutter step around the iran conflict has really been last year's market, late year rally only more so this is the nasdaq 100 etf against the equal weighted versus the enb what you see is beast mode by the nasdaq 100 the very largest stocks really accruing most of the value here since about december 20th, the equal weighted s&p has done almost nothing this is the opposite of a typical january effect which is usually a rotation out of the huge winners into smaller caps and laggers. not working right now. look at the big five of the nasdaq this is the five largest market cap companies on the nasdaq as well as in the overall market apple, mike crow soft, alphabet, amazon, facebook togethe