the triple digit gains as imf director christine lagarde said the wild markets are not worrying her >it's in our view, a welcome kregz. and we have observed suddenly that despite volatility, the market channels and mechanisms have worked well >>> heineken's four-year earnings, but the dutch brewer forecasts a lower marketing ahead impacting the environment. >>> what we're striving for is around 25 business points extension due to residual due to the fact of major integration in brazil at midyear. >>> and the shares on the rise in one of the largest pension funds are teaming up in a potential 10 billion euro lid for a specialty chemicals unit >>> and president donald trump prepares to unveil his $200 billion infrastructure plan relying on local government to rely on the heavy lifting. >>> good morning, everyone and happy monday, we'll probably have to pull you away from the winter olympics to see how the markets are doing, i had to do that myself. the picture is one of green. as you can see, everything is looking a lot more positive compared to the moves overnight. overnight trading cl

try to battle back from the dow's worst two weeks in years >>> a welcome correction that's how christine lagarde is explaining her comments to cnbc coming up. >>> blues, a developing story, the fire sale of the weinstein company, as the u.s. attorney general files a lawsuit against its company and its founders it's monday, february 12th, 2018, "worldwide exchange" begins right now and good morning, welcome to "worldwide exchange" here on cnbc i'm domenic chu. >> and i'm contessa brewer sara and wilfred are off this morning. great way to get started when you're seeing positive signs in the markets. >> let's get straight to the markets as contessa mentioned we're seeing green across the board on the futures side. with the dow trading the way they are, we're looking at possibly a 300 point open for the dow on the upside at least if things stay the way they are right now. s&p up by 32 points nasdaq indicating an open around 75, 76 points as well a lot has been driven off interest rates those worries with what's happening with u.s. government bonds. so, let's take a look at those yields for right now

chief christine lagarde on the changing economic winds here in the middle east. can ireland break regs if you look at how the emerald isle is caught in the middle of a big route between the u.k. and the e.u. .

more broadly it points, and christian lagarde talks about this in davos, —— christine lagarde, it istling with. with interest rates people will hear that and think fearfully of the bad old days of what interest rates were five plus %. actually, we're not talking about that, most people are that actually if they go up it will be bya that actually if they go up it will be by a couple of%, in this country, the uk, at least. with analysts are saying a maximum 2.5%, around 1963— 2008, the average was that so it certainly will not go back to that i am guarded when we talk about the new normal. as you said, we will see a little later. thank you very much. russian authorities say they're considering a number of possible causes for the crash of an airliner outside moscow. all 71 passengers and crew were killed when the plane came down minutes after take—off. investigators say their lines of inquiry include severe weather conditions, human error, and the airliner‘s technical condition. steve rosenberg reports. in frozen fields near moscow, this is all that remains of flight 703. cctv cameras c

so may i start with you, christine lagarde? the suggestion was made that productivity growth is slowing in part because some of the fundamental drivers, particularly urbanization is slowing. i think that's very important. so we shouldn't be surprised that productivity growth and slowing emerging in developing countries. on the other hand, there is still a huge backlong of productivity enhancing investments they can make because so many of them are still relatively poor. how does the imf see the balance here? >> a bit like you just did. >> have i answered the question? >> you steal the answer. no, i think urbanization when it comes to infrastructure projects, the lag time between the beginning of the project, the financing the implementation and so on and so forth, that is clearly a slowing down factor. i think this is not just it. there is population aging. maybe not so much in some of the emerging market economies. there is also, you know, delayed investment over the course of the last few years, which certainly has not helped

managing director christine lagarde told investors not to worry about the market fluctuations those markets movements were clearly in our view necessary market corrections the markets have function well there is plenty of financing that is still available to finance the economy analysts will be keeping a close eye on u.s. consumer price data on wednesday given that it was fears of faster inflation that triggered the global rout in the first place. let's bring in all the bottom financial correspondent in frankfurt andrea hang in singapore only the dax is one of the best performers today is it all smiles there. yes i wish it were or the people here wish they was looked i made sure and looked down at the people just before we went on air to see if the smile and maybe return but no for browsing. the expectancy that this situation is not quite over yet people on the floor argue that on many other analysts and economists and the economy out there the corporate earnings broadly support the market and that this was a correction that was overdue the market heated up a little bit too quickly but that

managing director christine lagarde told investors not to worry about the market fluctuations those market movements were clearly in our view necessary market corrections the markets have function well there's plenty of years of faster inflation that triggered the global rout in the first place. so what's in store for us this week let's ask catherine young investments director for equities at the delegate international in hong kong very good to have you with us catherine of first of all i'd like to get your insights into what do you make of last week's market. lastly last week's market correction really was well you could say very much anticipated given that for the for the past couple of years we really have seen the markets just grinding higher and higher nothing goes in a linear fashion and what happened was we source of wage data coming out two fridays ago this sparked some volatility and then really last week the correction we saw was very much underpinned by what we call known fundamental investors so these are kind of high frequency quantrill it is we saw the very popular risperidon

christine lagarde convicted of corruption in a paris court visits qatar in the persian gulf coming on the show as u.s. drone strikes on the poorest country in the middle east triple donald trump we speak to a journalist on the ground in son about the saudi british and american bombs that are killing civilians in yemen and for yet fake news what about fake history we speak to the director of a reason forget about the real life rambo training the cia to kill innocent civilians in south america and expose the u.s. government drug smuggling in southeast asia plus why a british prisons left short shank redemption and more monty python we'll ask a former prisoner what life is like in the u.k. jail system one which even tony blair's for the lord chancellor charlie for says is in crisis all the civil coming up in today's going underground but first it's exactly one week since the death of a homeless man was reported in the center of the city of bristol in the southwest of england found unconscious just outside a devon is department store emergency services including police and paramedics were

the imf christine lagarde said over the weekend that the u.s. tax cut was creating a race to the bottom by choosing tax policies that might cause governments to reduce, to cause a reduction in government spending. the best way to reduce the dependence on government is to allow the private sector to grow and you can't do that through taxes or evaluation. trade renegotiations that work for americans are also critical in a international approach. nafta, of course, the korean free-trade agreement, need to be renegotiated in a way that benefits american workers and that creates a win-win situation so that we can grow our own economy as well as growth abroad. i want to also mention dependable money in one of our topics today, the imf see communicate that was issued in october and then the asia-pacific economic cooperation finance minister statement that was issued in november both included statements noting the importance of exchange rate stability as a goal of sound policy, and as a contributor to strong and sustainable growth and investment. i will

so may i start with you, christine lagarde? the suggestion was made that productivity growth is slowing in part because some of the fundamental drivers, particularly urbanization is slowing. i think that's very important. so we shouldn't be surprised that productivity growth and slowing emerging in developing countries. on the other hand, there is still a huge backlong of productivity enhancing investments they can make because so many of them are still relatively poor. how does the imf see the balance here? >> a bit like you just did. >> have i answered the question? >> you steal the answer. no, i think urbanization when it comes to infrastructure projects, the lag time between the beginning of the project, the financing the implementation and so on and so forth, that is clearly a slowing down factor. i think this is not just it. there is population aging. maybe not so much in some of the emerging market economies. there is also, you know, delayed investment over the course of the last few years, which certainly has not helped

chief christine lagarde about how the economic model is changing here in the middle east can iran break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. plus the year of the dog in china counting the cost at this time. hello i'm in london here's a quick look at the top stories on al-jazeera as prime minister is delivered a theatrical flourish and weathering attack on iran at the end of a major security conference in munich in return iran's foreign minister for back accusing benjamin netanyahu of delusional thinking they have a traitor reports from you nick.

christine lagarde convicted of corruption in a paris court visits qatar in the persian gulf coming out of the show as u.s. drone strikes on the poorest country in the middle east triple donald trump we speak to a journalist on the ground in sun a about the saudi british and american bombs that are killing civilians in yemen and forget fake news what about fake history we speak to the director of earrings and forget about the real life rambo training the cia to kill innocent civilians in south america and expose the u.s. government drug smuggling in southeast asia plus why a british prisons less sure shangri jumps in and more monte python we ask a former prisoner what life is like in the u.k. jail system one which even tony blair's former lord chancellor charlie fork says is in crisis all the civil coming up in today's going underground. at first it's exactly one week since the death of a homeless man was reported in the center of the city of bristol in the south west of england found unconscious just outside a devon as department store emergency services including police and paramedics

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time on al-jazeera. you can. see. ricardo diallo is a french activist feminist filmmaker and writer a long time anti racism campaigner she has found herself at the center of a debate about racism and free speech in france last year she was forced to step down from the government's digital council an incident that only served to reinforce hope belief that france has a problem with state sponsored racism today on talk to al-jazeera we discuss the social issues she's fighting to push toward france's agenda and whether she's hopeful the country can bring its people together. a cardiology thank you for talking to al-jazeera now first i want to start off with the fact that you were one of the two people appointed to this french digital council it is a committee that advises the government on digital affairs but you are asked

chief christine lagarde on the changing economic winds here in the middle east. can ireland break regs if we look at how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. . plus a nation in motion it's the year of the dog in the world's second biggest economy. so the economy of the arab world is changing we've been reporting how many countries are having to diversify away from their oil dependency and plan for a different kind of future young people and women are demanding a more inclusive role in that society one of the advisors to governments in the region is the international monetary fund christine legarde managing director of the i.m.f. was in dakar this week i asked her how the i.m.f. sees its role in the region and what it's learned from past experiences it has been criticized in the past for putting pressure on countries to impose austerity policies that bring pain for poor people and benefit bankers. i think the i.m.f. is a slightly different institution from the days that you were referring to and clearly in the past

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big between the u.k. and the e.u. the year of the dog in china counting the cost at this time. a fake news story that triggered a major geopolitical crisis and the effects is still being felt across the gulf nations more than eight months old how dangerous a store is to to suit vested interests and what could be done to stop fake means this is inside story. hello and welcome to the program i'm martin dennis now in may last year katter's national news agency was hacked on its pages were comments attributed to the amir of qatar comments that were completely false but despite the fact that they were made up they were broadcast by al out of beer and other channels and that led saudi arabia united arab emirates bahrain and egypt to cut all ties with cata the four countries later handed over a list of thirteen demands that included shutting down al-jazeera demands that were rejected catarrh then lodged a complaint agai

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. plus the year of the dog in china counting the cost at this time on al-jazeera. i really feel liberated as a journalist was. getting to the truth as i would say that's what his job. was always telling him how famous he was going to make it that's how he presented hello my name about it without consciousness it is northwest representatives can. be ticketed. as should you were a member of that we had this special meeting about five a nail and he said you know. that's not the topic and your major this is a cover of your piece on the man that the city yes al-jazeera investigation put bloom's made of silence at this time. these explosions went off in october. these nuclear bombs were experiments by the soviet union. to the cause that people who lived in the vicinity the motives might be little difference rewind silent. at this time are now to see. an element of a problem and on

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is course in the middle of a big round between the u.k. and the e.u. plus the year of the dog in china counting the cost at this time on. the financial legibly conducted what they call information warfare against the united states thirteen russians are indicted by the us special prosecutor investigating alleged meddling in the twenty sixteen presidential election. this is al jazeera live from our headquarters in doha back to pull also ahead. thank you very much you are the. president donald trump of voice questions about america's gun laws while visiting victims of the florida school shooting. turning to the military to send gun violence first zealots president gives the army full control of security in rio de janeiro and countries stage a conference in germany but as we find out all is not as it sees. thank you for joining us thirteen russians and three russian companies have been indicted over alleged tampering in the twenty six thousand u

chief christine lagarde about how the economic model is changing here in the middle east can iran break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. plus the year of the dog in china counting the cost at this time on. a fake news story that triggered a major geopolitical cry. says the effects of still being felt across the gulf nations more than eight months on how dangerous a store is to to suit vested interests a move could be done to stop fake means this is inside story.

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. plus the year of the dog in china counting the cost at this time. the middle east is at the brink. it's time to bring it back the mirror of contact calls for collective action in the middle east on security and says the boycott of his country is a futile exercise. out of there i'm joined al this is al jazeera live from london also coming up. we recognize the legitimate right of turkey to secure its borders. turkey and the united states agreed to normalize relations despite tensions over syria. south africa's new president prepares to make his first state of the nation address. and the fangs surely masters clearing homes of ill fortune as the chinese new year gets underway. we begin in munich where world leaders have gathered for a three day high profile security conference aimed at discussing global and regional security challenges the emyr of qatar has addressed the confer

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time on a disease that. you can take back with you a message to the tyrants. do not just israel's resolve israel's prime minister accuses iran of being the biggest threat to middle east security. though i'm maryanne demasi this is al jazeera live from london also coming up funerals for two palestinian teenagers shot by israeli forces in gaza as tension continues on the border. kurdish forces agree a deal to allow the syrian army to enter a free to repel turkish offensive. and stars dressed in black in london in support of the campaign against sexual harassment will be like the bastards. israel's prime minister delivered a theatrical flourish and withering attack on iran at the end of a major security conference in munich brandishing part of a drone at benjamin netanyahu described to iran is the biggest threat to middle

chief christine lagarde about how the economic model is changing here in the middle east can ireland break brags that find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time on al-jazeera. you can. see. it is a french activist feminist filmmaker and writer a long time anti racism campaigner she has found herself at the center.

chief christine lagarde on the changing economic winds.

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs that find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time on or does either. when the arab spring protests swept through the middle east seven years ago demonstrators across the region were hoping for democratic reforms and even the overthrow of local dust spots but is war torn libya really a better place now without its brutal dictator colonel gaddafi and out of bahrain become the forgotten revolution and up from special. libya remains a mess the country continues to grapple with civil war humanitarian crises foreign interventions and the threat from i saw this week a panel of u.n. experts said a political solution in libya remains out of reach in the near future so looking back was the nato intervention in twenty eleven to topple colonel gadhafi in the midst of the arab spring a mistake will continued foreign intervention from outside powers bring more harm than good

christine lagard weighed in from the world government summit in dubai. >> you compare valuation, youw, from a week ago, there's been a market correction off anywhere of 6% to 9% which frankly given where asset prices were very high, it's in our view a welcomed correction. and we have observed suddenly despite the volatility the market channels and pipes and mechanisms have worked well. and we also see the financing is still plenty and very much available for the financing of the economy so, you know, corrections happen they were due to happen. and that's where we see it >> for more, joining us at post nine is citi's chief strategist tobias letvowich >> we have a lot ofthings happen i think the markets were ahead of the skis. it's the olympics. i have to use the winter application. but, look, the sentiment we saw, they have been showing us that euphoric levels have been in place since around christmas time investors kept on buying thinking the economy is strong and earnings are strong. and that model suggests that over 70% probability of losing money. so we were kind of warning invest

you thatised are christine lagarde, mario draghi recent on the pronouncement in terms of the fx market is europe. there was a deal within the g20 seven that, let's not talk about the currency. a super boring view on fx, then we have this statement i mr. mnuchin that was immediately contradicted by president trump. but i think everyone is unusually sensitive to any moves in fx strategies -- not fx it self -- because in the context of doubts on trade volatility in general, the notion we could reengage in some currency war is something central banks are happy to condone. the ecbntral bank like or boj, it has become central in that controlling fx, even if it hasn't been there initial target, has been central. at this stage, in the european case, they are probably relaxed have is what we weakness in the dollar, but no big appreciation in trade terms of the euro. one of the lovely stories that has been written about the phillips curve -- many decried it as dead, you say we are in a new direction. i suppose the velocity with which we have seen readjustment of hikes from the fed, the ecb, from

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time on. the streets is quiet the signal is given gang members so it's safe to walk to school last year though more than thirty minute is in this community in one month the police say this area is a red zone one of several in some townships in cape town children sometimes a court in the crossfire when rival gangs fight so parents and grandparents have started what they call a walking us to try to take them from gang violence i lost my. door years ago i also lost my there are more than one hundred fifty volunteers working for several walking busses teachers say it is working class attendance has improved the volunteers also act as security guards. you're watching all jazeera reminder of our top stories this hour the united nations is calling for an end to the targeting of civilians in a rebel held on klav near syria's ca

chief christine lagarde about how the economic model is changing here in the middle east can ireland break regs it find out how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. the year of the dog in china counting the cost at this time. the middle east is at the brink. it's time to bring it back the mirror of qatar calls for collective action in the middle east on security and says the boy called of his country is a futile exercise.

chief christine lagarde on the changing economic winds here in the middle east. can ireland break regs if we look at how the emerald isle is caught in the middle of a big round between the u.k. and the e.u. . plus a nation in motion it's the year of the dog in the world's second biggest economy. so the economy of the arab world is changing we've been reporting how many countries are having to diversify away from their oil dependency and plan for a different kind of future young people and women are demanding a more inclusive role in that society one of the advisors to governments in the region is the international monetary fund christine legarde managing director of the i.m.f. was in dakar this week i asked her how the i.m.f. sees its role in the region and what it's learned from past experiences it has been criticised in the possible putting pressure on countries to impose austerity policies that bring pain for poor people and benefit bankers. i think the i.m.f. is a slightly different institution from the days that you're referring to and clearly in the past fe

managing director christine lagarde told investors not to worry about the market fluctuations those market movements were clearly in our view necessary market corrections the markets have function well there is plenty of financing that is still available to finance the economy analysts will be keeping a close eye on u.s. consumer price data on wednesday given that it was fears of faster inflation that triggered the global rout in the first place. let's bring in all the banks and financial correspondent in frankfurt andrea hang in singapore only the dax is one of the best performers today is it all smiles there. yes i wish it were or the people here wish they was looked i made sure and looked down at the people just before we went on air to see if the smile and maybe return but no for brows and the expectancy that this situation is not quite over yet people on the floor argue though in many other analysts and economists and economy out there the corporate earnings broadly support the market and that this was a correction that was overdue the market had heated up a little bit too quickly but

all i have to say is i was surprise, i saw christine lagarde at the event last week, and i went there because my foreign policy activities. and i will say that she revised upwards world economic growth because what the united states have done, which was quite shocking to me actually, and to see what other countries are doing in response to what we did with tax reform is pretty amazing. psyche what to say it seems to be having an impact far beyond what we thought it would have just on our own country. on the rush you -- russian issue, i actually think what they're done is exactly the right thing. we gave a time to warn people about doing business with russia. that was a purpose of it. our diplomats were involved in that. they did keep numbers of transactions from occurring. they put together this report, and now the process that they will begin cecchini, so just what it's worth a someone as you know that's more than glad to offer criticism if i think it needs to be offered, in this particular case i do think they have handled it in a way that it was supposed be handled. i do look for t

i was surprised i saw christine lagarde at the event last week. i went there because of my foreign policy activities. she had revised upward world economic growth because of what the united states has done, which is shocking to me. to see what other countries are doing in response to what we did with tax reform is pretty amazing. i do want to say it seems to be having an impact far beyond we thought it would have just on our own country. in thisy interested working, i think what they have done is exactly the right thing. of time toperiod warn people about business with russia. our diplomats were involved in that. they did keep numbers of transactions from occurring. they put together this report, the process now is they will begin to sanction. as someone who is more than glad to offer criticism, i think it needs to be offered. i think they handled it in the way it was supposed to be handled. i do look forward to sanctions being put in place for those violators. housing and of finance reform -- housing finance reform, i know you have been very invo

francine: we spoke to christine lagarde. just hasaying germany to get rid of the surplus.ed to play ball more with europe. will we see that? someu will probably see policies, but when the economy slides, it is hard to turn around and start boosting consumption, boosting imports. whenis a better suggestion an economy is going cold. now, you would be really challenging german participation in the ecb. are you comfortable that inflation will actually pick up like mario draghi said it will, and what does that mean? has the labor market tightened in europe, you get wage growth. europe, which in we don't have in the united states. i do think that we are on a path towards not just normalization in terms of the end of bond buying, but -- especially with where the euro has gone already, i think it is impossible. where do you think neutral rates are in europe. got just under 70 basis points on a 10-year german bund. what is the right price? we might have made an adjustment closer to fair value on u.s. bond yields. until the ecb gets out of the market, we are nowhere near the right p

i saw christine lagarde at the event last week. and i went there because of my foreign policies. she had advised up world economic growth because of what the united states had done, which was quite shocking to me actually. and to see what other countries are doing in response to what we did with tax reform is pretty amazing. so i do want to say it seems to be having an impact far beyond what we thought it would have just on our own country. on the russia issue, just to my friends, i'm very invested in this. i was a big part of this passing, working very closely with crapo and brown. i actually think what they've done is exactly the right thing. we gave a period of time to warn people about doing business with russia. that was a purpose of it. our diplomats were involved in that. they did keep numbers of transaction from occurring. they've put together this report. and now the process is that they will begin sanctioning. so just for what its worth, for someone who is more than glad to offer criticism, i think it needs to be offered, in this particular case, i do think they've hand