generally, the story with asos is not strong at the moment. we are seeing that luxury spenders still want to be spending. that is a pretty good category. and people still need to buy food. they need to put food on their table. discounters are doing pretty well. i think furniture is an area where we have seen people really pull back. people did a lot of buying on their homes through the pandemic and now they do not see such a need to be buying furniture or other home-improvement elements. so there is a reason to look granular at retail. alix: really appreciate the conversation. i obviously love the topic. thank you for your analysis. our next guest says use the recent rally to reduce exposure in european stocks. joseph little, hsbc asset management, joins us next. ♪ alix: german chancellor olive schulz is calling for new programs to help compete against u.s. subsidies for green technology. this is going to turn into an enormous point of conflict between europe and the u.s. what is schulz proposing here? >> this is an early draft and you know th

in the u.k., retailer asos rallying despite a miss in its earnings.e coming through which is that they have identified about 300 million pounds worth of cost cuts. a new chief executive took over in june of last year, so this is a bit of a relief from investors that it was not even worse than it actually came down, but they did struggle in terms of deliveries and inflation over the christmas period. but potentially looking at profitability improving in the second half. francine: let's take a look for what we are watching out today. the ecb releases its consumer expectations survey at 9:00 a.m. at 1:30 p.m., we get that uscp i reading as well as the initial jobless claims victory -- we get the u.s. cpi readings as well as the initial jobless claims. later at 1:30 a.m. friday morning u.k. time, we will have trade figures from china. tom: spain and germany are calling for eu wide action to boost investments across the bloc in response to biden's green subsidies. policymakers in parts of the u.s., the inflation reduction act, as a threat to european manuf

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aiming for a cornfield, homer at your facility cervical dana la models is in a picture of the blast. aso damaged her house. you, i'm sorry. yeah. he didn't. the push was in the eye dock. nobody's injured that the house is messed up. thank god i was where i was because something went inside the house, something smashed the window and hit inside. it is full of glass. glutton bloom for the day. her living room becomes a makeshift police station. i think 70 neighbors make statements and shall the officers documentation, cheerful. every one has losses, which need to be recorded. the officers jurisdiction ends at the border, but they're doing what they can see. when will the all the guilty will be brought to justice. see every single one of them to the mac. it'll be unavoidable after all, victory tomorrow. if we have that other, if the time comes argue with alex and his co detectives who have evidence to offer a court level problem. max that is indeed very challenging work for those police officer is the what would you say are their biggest challenge? right. so that, that area around the both

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hearing from state department defense testifying before your committee today, what are you going to aso about and what you want to know? >> it will be a matter of what the effective approach we can take to find a positive outcome to the war going on right now what will the end look like? or can we do to bring about? how can we be most effective assisting ukrainian friends as they fight for the freedom in their country? >> republican of south dakota, a busy day on capitol hill you can hear behind him. thank you for stopping by and chatting with us this morning. before the foreignta relations,e are going to be airing c-span three today 10:30 a.m. eastern time and you can watch at c-span.org and free c-span now video up. back to your phone calls as we chat with you about your thoughts on u.s. aid to ukraine over this now more than 11 month war in ukraine. you think it's too much, too little, about right? we have a special lineha for current and former members of military, who want to bring you into this discussion and get your thoughts on this tank transfer and what it means. 202-7488003.

consumers looking away from going online and prefer going into the stores and doing well across christmas asos not doing well. the general sense of green acro across the board that's the look, brian. >> all green yesterday and green today. thank you, arabile i appreciate it. >>> let's get to the top corporate headlines and including a big design change for one key apple product. silvana henao is here with that. silvana, good morning. >> brian, good morning disney is gearing up for a massive proxy fight with nelson peltz after his fund took a $800 million stake in disney and began eyeing the board seat. in the preparations for the war, disney is appointing mark parker replacing susan arnold and replacing a new planning commission for bob iger. >>> apple is looking at the touch screen for the macbook this move would make a design reversal for apple look at what steve jobs said back in 2010 >> touch surfaces don't want to be vertical. it doesn't work. it is ergonomically terrible touch surfaces want to be horizontal >> it is confirmed laptops could be ready as early as 2025 for launch. >>> one th

strong sales for the holiday period, but revenue as asos falls. >>> uvisoft shares slash revenue guidance for the year citing sales slashing for the year end of 2022. >>> good morning welcome to "street signs." cpi day is here. u.s. inflation is expected to ease with the forecast lower by 0.1% versus the month before the rate is projected at 6.5%. further moderation amid the june peak and falling energy prices. >> this will impact the fed. the central bank forecast rates at 5.1% this year against 4.25 to 4.5%. still some way to go as jay powell would put it. susan collins supports a 25 basis points hike next meeting a 25 or 50 would be reasonable, but she is leaning to a .25 move she is not a voting fmoc member this year. all eyes on the inflation print. julianna will talk about it. >> joumanna, the equity markets are rallying ahead of the print falling the strong session on wall street yesterday. stoxx 600 up 0.5% this morning nearly every stock is trading higher this follows yesterday where we saw another strong day with the stoxx 600 gaining further ground 0.4% xtra dax out performed y

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grocers, tesco, m&s and asos out.friday the big numbers out of wall street that is something that we will watch carefully to see how the banks have been doing. next week is really interesting on housebuilding and retail fronts. alix: it feels like housing in shopping are two of my things. i am looking forward to what those retailers will say. we look ahead to the earnings and can that outperformance really continue. citi was talking about how they prefer european stocks and they raised european equities to overweight saying that the valuations already at a discount of 15% drop and as guy was turning out, this is how they had their biggest outperformance versus the u.s.. we have the stock jet head of european equity strategy joining us. you had a note that said you wanted to buy european equities at 400. why? >> well, european equity market is running hot. but let us be clear. we have seen news coming from china in the last few weeks that have been reassuring. it seems like they really want to reopen the economy which

simply b mechanically beat the democrats are hustling the ballots for our voters into the ballot boxes asoas possible that doesn't mean you ignore election integrity that's myyo bread-and-butteru' unity will i things and believing vernsy wel, mechanically i've asked that we set up a separate department of election operations and forex decades and prevented us fropime doing artwork and that expiredar four years ago so now we need tn ramp up in as we start voting in 2024 were able to beat theo democrats to get either ballots in early and ticket splitting, it doesn't matter when you look democrats are able to elect,and john fetterman, joe biden the biggest liar in d.c. and katie hobbs, i know we can do it we have to commit resources and and energy and as a policy pullt, together to do that.th >> the push for, the republicans don't.m up >> absolutely our activists have been upset about the 2020 election, i'm upseh.t about it the fact is it is a law and ifin her noncompliant and embracinghe and beating the democrats we lose we seen it time and again, i've seen it with my own twotion eyes in ari

today's political entrepreneurs aso opposed to policy entrepreneurs, today it typically passes as a campaigns to make an incendiary commenter prep tweet something that is outrageous because a favorite tv network, yell at somebody on the floor, make a spectacle then go set up millions of e-mails and text and try to raise money on and go back to the samege thing. that is a pretty much what a large part of our movement has turned into which is unfortunate. we desperately need people to approach their job like dick did. it is hard to find an entrepreneurial congressman, partly because it shut the rules out members have an opportunity to be effective on their committees or offer a minutes on the floor like he did for so long for it when they take the majority they will reopen this and let members show they can be a legislator. we need that substance. we need the political change in the community. for anyone who wants to understand the weight congress works during armey and grahams eric, read his book. i really think it is a classic abook that people can learn fr. and i agree, maybe a copy to all

>> i think it's going to be aso mix.understanding something about the industry is going to be criticallyly important. having trust with people who are incumbents in the industry makes decisions from i partnerships ae going to be critically important for you also have to marry that with a fresh insight. thinking outside the box, not knowing too much about the industry is a good way to get going briefing really going to play disruptive role whether beat trucking or healthcare you've got them partnerships with the key players in those sectors. as i mentioned in the area of healthcare to g you going. a lot of companies have created technology have not been able to get others to adopt them. the rapidly focus on precision medicine. when you get diagnosed with cancer knowing precisely what's going on with your particular situation there's more precise recommendations what therapies would work. the cancer hospitals in the country including many of the major pharma companies in the country have been advantage they've been in chic

this is a kite, asoed.ning away from the bowl on the broken wing, yelizarov's apparatus in his life is here. this is an owl, a raccoon dog, hedgehogs owe a zoo volunteer at the voronezh center for animal protection, our nature, created by biologist elena woolly shelter for those who were once tamed, and then thrown out for not needs. this is also a great good deed, bringing together dozens of caring people, worthy of the highest award. after all, the task of the presidential grant to support non-profit organizations is fulfilled. those important and necessary that does not bring income, but brings good olga meshcheryakova alexander ivanov and ekaterina galkina vladimir ozerov news one of the most famous politicians of the late soviet era has died. rafik nishanov is a man who was remembered by many from the times of perestroika, when he often presided over meetings of the supreme council nishanov's career is a biography of the soviet leader, who, as they say, made himself in his youth. i started working on a

asos you've online clothing.st delivery disruption and polled purse strings. joining me now is our economics and editor liam halligan with all the . money so halligan with all the. money so are you saying i have ordered that dress or face offs , but it that dress or face offs, but it seems factory it just seems yourself so silly. they only pay friday nights anyway . right? friday nights anyway. right? carry on. what you got? so we spoke about record sales tesco and minus two of our major. of course, tesco's the biggest retailer in in britain. they talk about record sales but in the end that's because we've had more inflation . and so the more inflation. and so the actual number of panels and pence that people are spending are up and indeed the numbers pretty good i can show you on a graphic here and radio listeners can bear with me . overall uk can bear with me. overall uk sales for tesco were up 5.3% and their food sales up 8.1. these were in the few months in the run up to christmas marks spencer to overall uk

on online retailer asos saw its sales fall.mic boom in e—commerce. christmas hasn't been a disaster for retailers but it hasn't been sparkling either. for many, sales are up but that's because goods have been more expensive. in other words, overall people have been spending more but buying less. and then there's this year. people's disposable incomes are going to come under even more pressure, so we think that the challenges for households are going to be particularly tough in the first half and that will put even more pressure on many retail businesses. with credit card bills landing, was christmas the last hurrah before tougher times ahead? emma simpson, bbc news. a group of afghan families who were brought to britain after the taliban took power are taking the government to court. it's after their accommodation was changed, meaning their children had to leave their school. at first the four families were housed in a london hotel — but then they were moved to the north of england. they've struggled to find school places for t

because it was so unprecedentedly, but you heard what i heard secondhand, from reliable sources that aso of people in the federal bureaucracy said number not sure we can trust our own police force. that's confusing to me had some capitol police opening doors letting people in and on the other corner of the building, there was violence as the police officers and soo when a mask but really shook up people. more than just the shock value that i happened. >> genuine sense of 2022 from the new york post, this was wrote history among the rest of this jim right at the capitol year ago reveals not only the hypocrisy of the left, but also its deep insecurity and ideological hollowness was psychologist call projection of absence from eating to others what is going on in your own mind. h >> yes, have an article that adopted and ith have not publisd yet, and i think a lot of it you see w today, from democrats has very long roots. stephen douglas is one of the favorite is excellent and was you black republicans, the black republican party and i was just a straightforward appeal to racial bigotry whic

of course, basic clothing is a necessity, but kind of fashion wear which asos tends to, is more timetime soon, but just as we see in the more expensive , again, the headline numbers are really good but the sort of homeware and clothing revenues are actually down 5% because again that is the kind of discretionary spending that can't when they are mindful that they need to make ends meet. and thatis they need to make ends meet. and that is what we're seeing not in the headlines of these numbers but if you look slightly below the surface as i've just tried to. brilliant. liam, thank very much indeed. you see, that's what liam's about, isn't it? looking under the hood , as it looking under the hood, as it were, getting to what really were, and getting to what really matters just those matters rather than just those headune matters rather than just those headline facts it's a bit of a headline facts. it's a bit of a depressing picture, though, isn't look, go isn't it? anyway, look, don't go . the top stories . we've got all the top stories heading way straight after . we've got all the to