his allianz interested in -- is allianz interested in getting in on that?lio: i cannot speak about clearly m&a looking forward. i can tell you about what we did. we have completed a transaction in australia right now, which is a transaction in the market share of 50%. -- of 15%. if we can find acquisition that can strengthen our franchise, our footprints in the market, we are going to look into this. but i cannot speak about specific transactions in specific countries. annmarie: if it does happen, we will have to get you back to the program. giulio terzariol,.thank you for joining us staying with corporate result, air france, klm ceo is telling us about a rescue package with guy johnson. >> when you are obliged capacity, more than 70% in the last quarter, just as a company you have to admit you are in probably the most crisis in the industry since the beginning of civilization, which is a terrible situation. we are obliged due to the travel restriction to have more difficulty for having people on board, and you have seen q4 and the full year. for the full y

we are joined by marcus morris-eyton, portfolio manager / director, allianz global investors.ood to see you. from an international investor perspective, what are you looking for from powell, and did he deliver? if we saw markets respond yesterday, that does not seem to have lasted into the international trading session? marcus: i think the message from powell is reassuring. on one hand he was bullish about economic growth, and that is widely expected. what was more surprising was his reassuring message on inflation. that has spooked investors that we see rising yields and what that means for equity markets and long-duration assets. the fact we had that reassuring message and that inflation can be managed, and he does not expect the fed to change the policy support anytime soon, that was positive and i was pleased to see that. anna: what are your inflation expectations when you look at those expectations building in certain market measurements, and treasury yields on the rise, where do you expect inflation to take us? marcus: on one hand there is no doubt inflation will create

him skillfully combine with league top scorer robot and off the $51.00 was the final score at the allianz arena. ok let's take a look at some of the other results so far this weekend. brushed past to be the favorite spork one against half stuttgart put 5. like $61.00 against mention blood on friday braman beach front foot and an underdog win and there are still 3 games to play on sunday when you are in berlin play hoffenheim minds host out spoke and leverkusen face. now archaeologists have discovered an ornate roman chariot near the italian city of pay the 4 wheeled vehicle and its components and bronze decorations all up said to be in excellent condition the vehicle was left undamaged when nearby mountains vs erupted in 7980 and buried in a sea of boiling lava researches believe the chariot was used for festivities and they have carried brides to bed new homes. and finally britain has said goodbye to captain tom moore the 102 year old veteran who raised tens of millions of pounds for britain's health workers by walking laps in his backyard only his immediate family attended the ceremony

the 2nd of which saw him skillfully combine with league top score. 51 was the final score at the allianz arena. and the rest of saturday's early one is later games have also finished there were no draws and goals goal or brushed fast feel a foul ball spoke one against had to and start got put 5 past shaka on friday bremen france for it to end an underdog win and today's late game between legs again munching is almost finished there are still 3 games to play on sunday only on berlin playhouse in my mind's host outs book and labor calls and face book. archaeologists have discovered an ornate roman chariot just north of italy's celebrated pay the large 4 wheeled vehicle and its iron components and bronze decorations are and excellent condition it was miraculously spared damage when nearby mount vesuvius erupted in 79 it was then that a sea of boiling lobbed burry to pump a researchers believe the chariot was used for festivities and parades it may also have been used to carry bryant's to their new homes. you're watching to w. news live from berlin up next is a documentary about the torture

him skillfully combine with league top scorer robin roberts 11 dusty 51 was the final school at the allianz arena. and take a look at some of the other results so far this weekend dortmund brushed past to be the favorite will spark one against has. put 5 past shaker let's say one against mention bloodbath on friday braman beat frank 1st in an underdog win and there are still 3 games to play on sunday when you're in berlin play hoffenheim mind host alex book and leave a cruise and face freiburg. now archaeologists have discovered an ornate roman chariot may be italian city of pompei the 4 wheeled vehicle and its components and bronze decorations are said to be in excellent condition a vehicle was left on damage when nearby mount vesuvius erupted in $79.00 a.d. and buried pompei in a sea of boiling lava researches believe the chariot was used for festivities thanks so much for joining us. why are people sourced to hard in trucks. there are rumors that. there are many answers.

skillfully combined with league top score a robot leavened off the $51.00 was the final score at the allianz arena. you're watching news live from berlin next up shift living in the digital age age looks at how best to combat online our assessment there's always more new on the news app. and you can follow us on instagram and twitter using its. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage $360.00 to get you out now.

2nd of which saw him skillfully combined with league top scorer robert. 51 the final score at the allianz arena. i. now archaeologists have discovered an ornate roman chariots near the italian city of pompei the 4 wheeled vehicle and its components and bronze decorations are in excellent condition the vehicle was left on damage when nearby mount vesuvius erupted in 7980 and buried pompei in a sea of boiling lava researchers believe the chariot was used for festivities and may have carried brides to the new. and finally britain has said goodbye to captain tom the 100 year old veteran who raised tens of millions of pounds for britain's health workers by walking laps in his backyard only his immediate family attended the ceremony in central england the soldiers carried his coffin and formed a ceremonial guard a world war 2 era transport plane flew over the service fijian soldiers from moore's former unit of the yorkshire regiment gathered to pay tribute to the global hero. you're watching new news live from berlin next up as well stories and reports i knew. i'd say much for watching. today d

with a league top scorer robot levon dusky $51.00 was the final score at the allianz arena . you're watching news live from berlin next up shift living in the digital age age looks at how best to come about online our assessment there's always more you on the news hour. and you can follow us on instagram and twitter needs. what secrets lie behind this one. discover new adventures in 360 degree. and explore fascinating world heritage sites. w world heritage 360 get they are no. different on the islands of. here women are in charge. archipelago as a whole system for centuries. of society to live differently . than they do with their power. over the rainbow starts more changes on w. . sexual harassment threats affright than murder when it comes to silencing women online charles have no limits women who voice their opinions freely and regularly are often targeted online hate speech against women and what we can do to fight it our topic today on shift. sadly just being a woman being online and having an opinion is often all it takes to target it with online hate speech or sexual h

[laughter] have you changed anything at allianz?t is sort of a readjust off of what was written for 2021. is there a nuance in the tone? mona: generally speaking, beyond what's happening in the retail space, and certainly retail investors have become a bigger part of our equation, both has clients, but really as drivers of the market. we saw that not only this year, but really enforce last year. 2020, you could argue the regional money that really got in, closed that march low, and got up on the s&p and the nasdaq. that was fascinating to watch. but broadly speaking, our outlook for 2021 is driven by three factors. that is re-accelerating growth, watching whether or not that does come to fruition in the second half of this year, a fed that continues to remain on the sideline, and we argue that will be the case in 2021, and of course, what happens with the biden adminstration stimulus and fiscal spending. interesting to see this week the $1.9 trillion met with the package by the republicans, perhaps meeting in the middle for $1.2 tri

liz: mohamedal air yen of allianz, thank you very much. you know, folks, we're not negative nellies here, we just want people to understand the scenarios that could be out there, and thank you for illuminating that for us, mohamed. thank you so much. >> thank you. liz: also a jets fan -- >> that's right. [laughter] liz: not just charles payne. >> and i like my jets to do like your browns. liz: yeah. you know what? it's all relative, isn't it? thank you. the brutal cold, we've got to get to that, it is still wreaking havoc, it's killing peep across texas. people across texas. millions are still without power and heat, many of them are not taking to twitter to share their the experiences, they're taking to tiktok. ♪ ♪ liz: yeah. so you're looking at jeans that were just dipped in water, immediately frozen. there are all kinds of different things that people are now going to tiktok for when they used to go to twitter. the on again/off again rumors about tiktok and who's going to buy it. remember, it was an oracle partnership at first? now one

2nd of which saw him skillfully combine with league top score robert . 51 as the final score at the allianz arena. saturday's one is like a match of all finished now there were home wins all round and goals galore dottle and brushed past. one against had. 5 past shall go and the day's late game lights got a 32 win over munching on friday. in an underdog win and there still are 3 games to play on sunday on the own berlin play hoffenheim lines host outs blog and live a close and say sidewalk. archaeologists have discovered an ornate roman chariot just north of italy celebrated pompei the large 4 wheeled vehicle and its iron components and bronze decorations are an excellent condition it was miraculously spared damage when nearby mount vesuvius erupted in 7980 s then that a sea of boiling law burry pompei researchers believe the chariot was used for festivities and parades and may also have been used to carry brides to their new homes. for wanting d.w. newsline from berlin safe doing for well stories the week and reports. forced into a list of us. their bodies in the year 2 weeks. the history

. >> allianz indeed. his pimco consider germanic? vowing to return to profit growth.d have one of the first annual losses and about nine years. saint, we have abandoned our buyback program. it is not going to come back anytime soon. their dividends are unchanged. when it comes to the outlook specifically for credit, we spoke to the cfo who said there is not a crisis on its way. let's take a listen. >> i don't think we are going to see a credit crisis in the course of 2021. if we are going to see any credit event, it is going to be more down the road. but not as long as we have the support of the economy we see now. >> elian's might see some -- allianz might see some uncertainty to come. matt: in terms of pimco, it is a very californian company. but bill gross, the name is german. although bill gross is from ohio. let's get to renault. what is the story with shareholder payout? >> shareholder payouts, they have the biggest loss in a record. that will be an issue for them. 8 billion euros, worse than expected. they warned of a difficult 2021 ahead. most of the damage wa

allianz accessing and sharing news australian officials say this new law will ensure news media businesses are fairly compensated for content they generate now many are wondering if there will be similar legislation implemented in other countries already facebook is exploring potential news licensing agreements in canada while microsoft is working with european publishers to push big tech platforms to pay for news in new york trinity child as our take. australia isn't the only country looking to make changes to its laws with big tech in mind here in the u.s. the house judiciary committee is now taking steps to revise antitrust laws following a lengthy investigation into tech giants like google and facebook so joining me now to go further in depth on this topic is international regulatory attorney myles edwards now miles in the case of facebook versus the australian government both sides seem to be declaring victory here why do you think that is why bush probably not. a move to a large dollar nation michael royal. your arm. and on the other hand. what we brought. home our global company and

market, short squeezes, so much more this hour three biggests, joe moglia, allianz's mohamed el erianmposed last week. retail traders attempted a short squeeze. attempted and succeeded on stocks including gamestop. this morning gamestop still limited. and other platforms include mamc, express, koss and blackberry meanwhile, sources telling cnbc one hedge fund took a massive loss thanks in part to its short bet on gamestop. melvin capital down as gamestop surged 1600% becky. >>> let's bring in our first biggest on these very big topics gamestop, joining us for that is joe moglia the former chairman and ceo of t.d.ameritrade joe, great to see you this morning. thanks for being here with us. >> hi, becky i'm delighted to be on thanks for having me. >> i've been waiting to hear what you think about this. as somebody who knows this industry so well and those the retail trader so well, what are your thoughts watching this play out? >> i think there's a lot of drama. a lot of emotion a lot of things going on what you have to really do, put a lot of things you have the long term investor char

pl, allianz advisor mohamed el erian will join us on "squawk box" on cnbc doug? sorry about that.o-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today. how do we ensure families facing food insecurity get access to their food? we needed to make sure that, if they couldn't get to the food, the food would come to them. we can deliver for food banks and schools. amazon knows how to do that. i helped deliver 12 million meals to families in need. that's the power of having a company like amazon behind me. ♪ ♪ (kids talking) pnc bank believes that if an app can help you track your pizza... come on cody, where are you buddy? ...then your bank should have the technology to help you track your spending. virtual wallet® for digital banking. one way we're helping to make a difference at pnc bank. cyber attacks are relentlessly advancing. to end them, cybereason built a cyber security solution so advanced... it can end attacks today -- on computers, m

mona mahajan of allianz global investors, thank you. the house committee begins voting today on elements of president biden's $1.9 trillion relief package. it would be the biggest injection of cash in u.s. history. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting

is taking a look at the equities, and joining us to talk about all of that mohamed el-erian from allianz. >> we continue to idle here, right around the record highs in the s&p 500. it's been a few days right now, where the indexes are kind of regrouping, and probably got a little bit overbought and taking a breather hard to look under the surface though and see too much that's negative, although we might be getting to one of these points where we stretched to a little bit of a limit to the near term rally potential. so keep pointing out, it is riding the upper end of the line, that's the case for quite some time right now. we have done this a few different times over the course of this 10, 11-montreally where you kind of flatten out and recharge the rally so we'll see if that happens and global markets strong. so it's not just about the u.s look at the shanghai market. especially this past week. a huge little vertical spurt higher it has been a pretty good trend in general but then you did see a little excitement now, just in general, a lot of things are continuing to confirm, the genera

. >>> when we come back, allianz advisor mohamed el erian you're watching "squawk box" and this is cnbconey reserve. the only precious metals organization led by a former director of the united states mint. as one of the largest u.s. gold coin distributors in the country, u.s. money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now. call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the u.s. money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and it's something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, u.s. money reserve. that's the company i d

coming up on the show, allianz's mohamed el-erian says the moves in game stop and the s&p 500 are all connected. he will join us to discuss what could happen next. >>> plus, we are counting down to one of the most important afternoons of earnings season. amazon, alphabet, chipotle, ea gear stocks higher heading into the final hour of trade. let's get to mike santoli with a lowser look at the action, mike w all sectors working right now. >> it is very broad with the exception the epicenter reddit stocks that are on the decline taking the pressure off the portfolio restructuring. the shakeout from last week. 3.3% we gained back most of it. this is a two year chart of the s&p 500. we are hovering at the level where it fell apard part in the middle of last week. see if it can recover from that. i want to point out late january into early february of 2020. that's when you had a oopsy right there. it was a very, very orderly uptrend from the fourth quarter of the prior year just like this one was. you had this big gut check it hit the 50-day moving average as this did and it rose higher fro

let's get to mohamed joining us to talk more about the markets allianz and he's president of queens college we start with the 10 year because last time we spoke it's ticked up some more. we know that, what is it, the boiling water with the frog? you know, you start it out just barely warm and it doesn't even notice is that what we're seeing here and sooner or later we're going to be in boiling water >> so, joe, turns out according to adam grant that that story is wrong, but what we're seeing is something very simple. the market mood has changed. it's no longer whether yields are going higher but when is a move too big that is what the masht's trying to figure out and that has three elements it's about the economy, it's about market conditions and about the fed. so far, so far people think that this move is while not welcome, is fine but keep an eye on it because the faster we move, the more you are going to destabilize all three of these elements that's why i've had it as a risk factor that i've talked to you in the last three months >> the reasons for it, it's a combination, i guess it's a

investment strategist at allianz global investors we are looking at the markets, we are at all time highat the market is getting a little complacent here why is that? >> look, i think first of all, thanks for having me, becky, but certainly at the last correction, we really saw in this market was back in october and since then, the s&p has been up nearly 20%, some of the sectors have been up more than that, in a straight line so you know, what i would say is that perhaps we are due for a little bit of a pullback here, keep in mind any given year, one to three pullbacks is the norm, 1 to 15% and a true pull back, 20 pull back, and in the economy, covid cases are rolling over and the vaccine is there and this nation seems intent on large stimulus going out and the fed has committed yet again to remaining on the sidelines so overall, it's a really great heading into 2021 and what would make it better is if we had tactical opportunities to get involved to really position in that, i guess, value cyclical, or at least start to layer in more of that value cyclical sector positioning >> within t