and deutsche telekom now flat. soft bank reportedly looking to merge sprint corporation unit with deutsche telekom's t-mobile in the u.s. that will leave the u.s. with three big cell phone carriers. soft bank has funding for that. >>> as far as the markets are concerned, the dollar is stronger today. initially we are down to a three-and-a-half month low. the dollar/yen back to .104 but fairly stead by. and euro/dollar at 1.35. deutsche bank is issuing a surprise profit warning posting a pretax loss of more than 1.1 billion euros for the final quarter 2013. they released their numbers ten days early to say earnings have been hit by sharp falling fixed income, litigation costs and restructuring. annetta has been watching this in frankfurt, we have been seeing barclays a little weaker today. there's a read-through from that. how long before things start getting better? >> that's a good question. actually, if you believe in what deutsche bank is telling us 20rks 14 remains a challenging year. and by 2015 they are plann

an unexpected loss for deutsche bank.or our viewers in europe, we will have the first interview with deutsche bank's co-ceo anshu jain. that is coming up later. >> president obama vows to fight economic inequality. andays he will go it alone sidestep congress. more details on the state of the union speech after the break. ♪ >> good morning, everybody. you are watching "the pulse." --eign-exchange markets turkey is the center of attention. let me show you what has been going on with the turkish l ira. the central bank aggressively hired rates last night. we have retraced the gains since two days ago. the market is coming to grips with the idea that this is a country that need significant daily funding to satisfy its current requirements and that is going to be tricky to solve. heard earlier on that we may country to close the current account deficit overnight cash -- that is going to be brutal. spain is target number two. let's move on. income inequality taking center stage at thpresident's state of the union address last

whether they give it a shot, being softbank getting deutsch telekom to come to the table, already, not even coming to the table, agree to a structure. >> right. >> by which they would do a merger, take on the risk, of course. figure out some way to structure it so that deutsch telekom would feel comfortable with that. they own 66%, 67% of t-mobile. cisco did ces. i think we have a full screen if we can show it to you. mobile data and their protections and why we're talking about all these things and why spectrum is so important. look at that number. look what they expect, 66% compounded annual growth rate in terms of what people are going to be throwing around on their mobile phones. i don't even know what the number is it's so big. >> boy, have you ever looked at your kids' bills? >> yeah. >> it is extraordinary. >> basically you got everybody watching a youtube video at the same time in the world. >> yeah. one time verizon called me, listen, do you know your bill? i thought it was a nice heads-up. there were consequences. but i do think that we have

deutsche is a very complex business. should we be concerned about we had the pretaxes of on 26 million, 11.3 billion in adjusted profits for the core business? which numbers are we supposed to be focusing on? >> yeah. i think we should leave 2013 behind and not try to overanalyze this. the number i was most focus on was this 8.6 billion which they claim is the operating underlie pretax profit for the core bank. because this is what will be left once all the legacy items are behind us. and if you calculate this on a net basis per share, this would be around six euros. and i think the more we progress towards 2015 and beyond, the more we see the results getting cleaner and the results per share moving towards their six euros. >> yeah. i suppose we should applaud them. it costs to cut costs. we've learned that, haven't we? >> yeah. cutting costs is probably one of the big things that shareholders always wanted them to do. the costs to achieve and impairments and intangibles and what have you. i think on an underlying basis,

we are watching deutsche bank. hans nichols is at the bank's news conference this morning and the co-ceo speaks to bloomberg in his first interview of the day. we will bring that conversation later this morning. we also have to focus on income inequality. this is the big push that president obama is speaking about. >> it is more about the underemployment, people who work part-time and what a full-time job. earnings typically in developed markets have been low. the kind of quality of the labor data has become really important. for the fed today, two issues, .m. isn't one. the fed does surprise us sometimes. >> that is what keeps us on our toes and in our jobs. with the federal reserve have to play catch-up? will they start cutting stimulus more than $10 million? at the moment it would seem they are off base if they don't cut more. >> i had a conversation yesterday and they are saying the fed could throw a variance in here. equity markets are lower and some others aren't that bothered. you have had a rise in emerging

deutsche telekom wants an all cash offer.said to be arranging this financing by speaking to sachs,anks, goldman mizuho, and credit suisse to borrow $20 billion. sprint then would you with any of the debt that would be part of this -- would deal with any of the debt that would be part of this deal. what is the point of doing this? it would essentially position sprint and t-mobile to take on the biggest competitors in the u.s. market, which are at&t and verizon. it would position them more fiercely in a competitive market where it is hard to get subscribers. once you get somebody on board, it is hard to have them migrate. >> what about the unresolved issues? >> of course the first one is, what does the stoxx cash ratio -- the stock's cash ratio going to look like? it depends on whether or not softbank is able to secure $20 -- ofn of financing good financing. what is the integration going to look like at the management level, at the customer service level, the subscriber level? the deal structure is always an issue. you have to

deutsche bank will hold a news conference later today.re -- we are expecting more details about the reason behind the warning and the banks outlook for 2014. man,l be speaking to this the co-chief executive of deutsche bank. welcome to "countdown." >> it is 6:30 a.m. here in london. president obama wrapped up his state of the union address just a few hours ago. he called on congress to join him on tackling income inequality and warns if they don't help, he would do it alone. hans nichols joins us now. he has much experience covering the white house. what are your thoughts? >> my first thought is i was finally able to sleep there tonight. the substance of these speeches are quickly forgotten. what is important is the tone he struck in the tone was clearly a defiant one. this is a president who was fed up with dealing with the republican opposition that he has had to interact with for the last three years. and ite was any news really captures what the president is trying to do which is increasing the minimum wage for federal contractors to

and we have deutsch telekom. and they wants an all-cash over for t-mobile. and they're in the process of try to pay them in cash. they're looking to secure $20 billion in financing from the likes of goldman sachs, mezuho that's according to people familiar with the matter. the question is why are they looking to merge? what can they get out of this deal? it's a very competitive landscape in the united states. t-mobile has done well. they've been acquiring more and more customers. they have an edgy proposition compared to other services available. but the real big goal is to go against the two heavyweights in he u.s., at&t and verizon. there are unresolved issues they have to consider. for example what do they want?

analysts expected a profit at deutsche bank. a crashrs of the asian in san francisco are suing knowing -- suing boeing. airplanes airspeed warning system was inadequate and the pilots were poorly trained. there were 307 people on board. three teenage girls from china were killed. and close to relaunching plans for a is cap airline in japan after the partnership unraveled last summer. the carrier has wound up local partners to start operating in 2015. air asia says the operation will airport fors new cost reasons. asia is also preparing a new indian service in march. nintendo shares plummeted at the open after forecasting a surprise loss. is japanese game maker losing the console battle to the new playstation and xbox. leadingson has been a is going wrong. >> the we -- the wii. the wii u is now looking at overselling. so they have cut their forecast for the console and the wii games. this time, they forecast a surprise loss of ¥25 billion. the dramatic change in direction. they cut their forecast on wii u consuls by 70%. .hey cut

deutsche deutsche bank buying.ing margin risk -- deutsche bng cutting humana's rating to sell from hold because of what it says are aboveay average ris facing the company. -- making it today's best performing dow component. humana meanwhile fell flatly to $100.5. >>> eli lily expects a slump in both profits and revenue this year. that forecast is still in line with estimates. lily said the loss of drug patents are to blame. shares were down there slightly, ending at $51.19. pharmacyclics late stage trial from the company's leukemia treatment was stopped early because the therapy met starting goals. the stock climbed almost 20% today to $125.90. j and j shares also higher by 2% to 94.29. >>> netflix fell today after morgan stanley downgraded its shares. the video streaming service was the top performing stock in the s & p last year, but morgan stanley cut its rating to under weight to equal weight because of competition from hulu and others. shares fell. >>> michael kors took a hit, citi downgraded from neutral to b

deutsche bank, yahoo!, nintendo.ermany's biggest financial institution reported a loss in the final quarter of last year. deutsche bank is cutting compensation for employees by 23%, does not make life any easier for co-ceo anshu jain, the bank is implicated in the alleged rigging of currencies. big legal bills. >> 2014 will be later. it functions better when it comes to variables like monetary policy, which are a little easier to predict than size of settlements. we are hopeful we will have the bulk of it behind us. >> yahoo! fell short of estimates as well. marissa mayer struggling to turn user growth into ad dollars. >> it is a revenue growth story -- >> except there is no revenue growth. >> investors have been waiting for yahoo! to figure out how to monetize its users. we know digital advertising is growing 15% a year. yahoo! and aol are unable to take advantage of that. marissa mayer is starting to feel some pressure now that she is a year-and-a-half into her leadership of the company. >> we saw alibaba results,

this doesn't sound good when it comes to the manipulation inside deutsche bank.lso one of the studies found that there's no clear action in terms of stuff. that means there are no clear layoffs regarding those who allegedly have been found guilty manipulate i manipulating live rates inside deutsche bank. and also these reports are showing according to "spiegel" that senior management is not yet cleared. that is something completely different than what we were hearing before from deutsche bank because they were saying all the time that their management board is totally cleared of any allegations regarding this, so that means andrew jane could still be responsible for the live manipulation inside deutsche bank according to bafin, but this is still up in the air. >> thank you very much. >>> meanwhile, the ftse was flat last week. we are barely moving high er as we are up two-thirds of 1%. the ten-year bond yields are lower that is you might expect. and ten-year treasury yields just under 3%. joining us with his thoughts, the head of the strategic corpora corporate,

trouble for a bank as big as deutsche bank could mean trouble for the whole market. >> deutsche bankhocked investors with its losses in the fourth quarter, the shares were tumbling, impacting the entire financial sector in europe. it could be threatened by new legal problems. other european banks may also deliver bad news. it was under pressure because of the weak economic growth in china. it fell below its record high. >> let's take a look at the numbers for you. they ended the day just a third of april low -- eight percent low =---a third of a percent low. >> electronics group philips will no longer medevac sure television sets, once a mainstay of its business. it is selling its remaining 30% stake to his partner, tp vision of china. >> televisions will be sold under the brand, and it will receive loyalties -- loyalties -- royalties. it is citing stiff competition from samsung and lg. >> the panama canal authorities has projected mdu opportunity -- an eu consortium over conflict of a payment of 1.2 billion euros in extra costs. the carmaker is reportedly close to a deal with china,

deutsche bank upgraded the name. maybe you get another 6%, 7%. but i think you're in the deep end of the pool. >> what would be the first thing you printed? >> that's a good question. >> a snickers bar. >> a kit-kat, or twix. but the shnozberries. >>> we have an index, addition and deletion for the s&p 500. according to the s&p dow jones industrial average, it's going to be effected january 23rd, 2014, is going to include tractor supply company, one of my favorite shops. i love the t-shirts and everything else there. tractor supply will go into the s&p 500. it will replace life technologies, which is the health care company that will be acquired by thermo fisher scientific. so, tractor supply in. life technologies out. all effective january 23rd, 2014. back to you guys. >> that's the stocking stuffers, right, tim? >> i can see dom up in the bushes of connecticut, riding a r roto tiller, ripping up his front yard. >> they sell poultry. >> we need a "fast money" field trip. >> dominos a little too much. >> act tractor supply. >> he is right. i know

and we have deutsche telekom. looking to work with softbank's sprint to create a deal through cash, and all-cash offer that would give each company a better position to go against verizon and at&t. what we understand is that softbank is looking to secure $20 billion in financing so they can provide deutsche telekom this deal in cash. they're speaking to banks, including goldman sachs and credit suisse. there are several unresolved issues. one, the actual cash stock ratio. we don't know what that is. two, i will sprint be integrated? -- how will sprint be integrated? >> what are the possible hiccups here? it is the case, regulators, u.s. regulators could botch this deal because the last thing they want to do is reduce the number of players. they want to increase the number of players in this space. interestingly enough, there is a company called dish network which is the second-largest satellite tv operator in the u.s. and they can facilitate a deal. if sprint agrees to host dish's wireless airwaves on its network,

. >> on the subject of deutsche bank, he is under a lot of pressure.y survive until september? >> a quarter does not say much. bankey issue is deutsche has been reinvested over the last six to 12 months. clearly something went wrong. task forhe real there are lots of european banks. we shall see. at the end of the day we need to wake. gonenational bank has through the institution. you will see foreign banks dashzing -- you'll see a that will be interesting. we will probably get the reality and will have an answer. >> are you long-run deutsche bank? >> we are not. break laste go to week you were not long on goldman sachs group how about today? >> we are not. >> no goldman, no don't think. no deutsche bank. >> in europe, if we like the institution we are long. .e are long on bnp in the u.s., the one we own our blackstone, and -- >> you mentioned two things we need to talk about when we come back. he is staying here. joining us in just a moment, judge six and ski -- just doesn't ski from blackstone. studzinski from blackstone. ♪ >> you are interested and

the losses of deutsche bank says we'll wait on me that i am my kids but they back it was also a decreasing because of their weak economic growth in china the dax chilled the dough its latest cricket height the shells and sand friends allison and can anonymously and in a bit more detail and as you can see the dax it ended the day just after the senseless and not that drastic below says nine thousand seven hundred fifty was the closing number the results it is pretty much flat on the day the dow is in trading on holiday daniel and cut the view is that one dollar fifty five sixty two attempts electronics group philips will no longer manufacture television sets once the mainstay of its business it's selling its remaining thirty percent stake in a tv making joint venture with partner keep the vision of china but televisions will continue to be sold on the defendant's land and to receive royalties the doctrine has struggled in the tv market in recent years thanks to stiff competition from korean rivals samsung and lg. this is the state to expand the panama canal is in danger of collapse due to h

we have been lucky and fortunate to have folks like goldman sachs and deutsche bank and keybank get behindoing. banks have so many things going on right now, this is not a market segment they focused on historically. it is not a market segment that has been profitable to lend to. new approaches are required and these providers are stepping in to give us the capital to lend to the small businesses. >> could you tell us more about how you're are using that new technology to harvest social information from the web in order to evaluate the company's in whether or not you want to make these loans to them? >> absolutely. we have a number of cap makes -- techniques. we collect 2000 data points for application we evaluate. it is a combination of public and private data sources so the public data sources include things like social media, public records, and so forth. the private data sources can include things like the cash flow moving to the business. the last thing i would want a oneer to take away, because -- there is a negative that they cannot get a loan. the business operator with a track rec

much of it on a call from deutsche bank. benefits of mergers in the industry in the year 2014. also anticipating growth, more global growth and better economic growth. that is good news as well as they expect profits to rise in 2014 and so, just saying basically the best is yet to come for the group despite the fact we've had a few storms including hercules and electra that caused cancellations. but big picture here deutsche bank liking the group overall. back to you. tracy: thanks, nicole. recent loy about the jetblue incident, it is going to be fine. ashley: that is fine. it is winter. it gets cold and it snows. tracy: how about that. ashley: time to make money with charles payne. charles, you say main street is still cautious. so is this posing a big threat to the economy and the market? >> it is, guys. dovetailing it off the roundtable we had yesterday with the fed minutes. tracy: yeah. >> the question why does the fed keep doing it? why do they keep putting us at such risk with these gigantic purchases? the answer, some

was also partly weighed down by disappointing figures from deutsche bank which reported a surprise pretax loss of one billion euros in the fourth quarter. a very rough monday as well seeing shares down 11%. --ding on wall street today let's move on to some of the other business news now. the european commission is expected to take legal action supportingmany for the proposal to remove coolant from new cars. cooling agent is 1000 times more potent than carbon dioxide, environmentalists warn. making a dent in the unemployed figures, it shows no signs of picking up. the crisis could continue until 2018. said they watch last year and urged governments to focus on later markets and less on austerity. a computer contractor working for a company to produce credit scores leaked data of 20 million people. has been taken into custody. the online giant has patented anticipatory shipping, getting a product on clay before customers finalize the purchase. it is based on previous orders and wish lists. it is just the latest move from amazon that seems to come from the future which is a fleet of automate

but look, it's a bumpy road ahead for deutsche. today we rebound from those losses, 6 to 4 at the moment. advancers currently outpace decle decleaners. the ftse is barely flat. got up 0.4% for the ftse mib, as we well. back of them expected. unilev unilever, its competitor of procter & gamble, of course, had come out in the third quarter with a profit warning, its first in ten years. today, it was nice for investors to see something that was better than expected, stock up 3%. it will be interesting to see how this compares with procter & gamble. one other thing to point out here, we didn't think it would happen this soon, but irish borrowing costs, 1.64% on the five. year that year, 1.7 will so ireland now is revealing both more than the u.s. and the uk. back to you. >> ross, that is amazing. irish yields, are they the equivalent of u.s. yields? crazy. >> on the five-year, they're lower. >> wow. good restructuring will do for you. thank you, ross. >> yeah. >> the world economic forum is being held in davos, as we mentioned. joe, be

when deutsche bank took it to a sell.s to be done there and it wasn't be about my favorite ceo, who is -- >> clause kleinfeld. >> he's got that wedding dress business in brooklyn, right? a different kleinfeld. aluminum wedding dresses. for a guy like me that may be handy, you can recycle them. >> good morning to you, david. the big digout continue. the former ceo of continental, gordon bethune will join us. >> and getting fit for 2014. the ceo of fly wheel will join us live. remember, it's not fitness, it's live. i needed a new laptop for my pre-med classes, something that runs office and has a keyboard. but i wanted a tablet for me, for stuff like twitter and xbox, so my downtime can be more like uptime. that's why i got a windows 2 in 1 which does both -- works as a laptop and a tablet. so i can manage my crazy life, and also have a life. [ beep ] gotta go. ♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotio

. > "surveillance" bank of- tell us -- america distancing themselves from deutsche bank and jpmorgan.ants everyone to know that just because jpmorgan had to write a 13 billion dollar check does not mean bank of a $70a will have to write check. -- a $17 billion we were there first, we bought countrywide, we have written all kinds of checks and had to pay money here and there. a lot of what went into jpmorgan's $13 billion bank of america has already -- >> you cannot forget, we are seeing jamie dimon paying fines, what inning is brian moynihan in -- he just had a fantastic fourth quarter, trading at record highs. the beat goes on. >> postcrisis highs. under a huge amount of regulatory pressure, there are still finds to be paid. if you look at what is going on inside bank of america, it does not seem like those employees are crying like a few years ago. >> what is different from a few years ago? >> we talked about it with one of the best performing hedge funds managers in the world, exclusively and financials. he said banks have made the turn from being capital-intensive businesses to a

you had the deutsche bank story, deutsche bank missing the mark.ook back 5 years and six years of the financial crisis. saw the't know if you investor poll show that 66% of bloomberg subscribers are more confident about the world economic outlook compared to last year. do you expect davos to have some of that frothing us? -- frot hiness? isi think frothiness evident, but the world economic forum is doing everything to hold back on this, talking about any quality and the risks out there. there is a real social tenor. i know people are critical of davos, i have just written a piece for "business week" called "in defense of davos." we will have interviews throughout wednesday, thursday, and friday. erik schatzker and stephanie ruhle are kicking it off in your 10:00 hour. >> who is the centerpiece in davos, who does everyone want to hear from? >> matt damon is the celebrity and residents this year. the leader of iran will be speaking, the kino political address. keynote political address. people want to hear from the same people every year, they brian

i'm peter deutsche. you wrote and i wanted to say hello. i feel like i've known you my whole life. and i said, thank you. what industry are you in? he said the wine business. i said really. >> deutsche along with his father had built one of the most successful wine companies in the country, building brands including yellowtail. >> if jim had. written that book we would. be here. >> absolutely not. >> that chance meeting was a chance to make a new product as soon as nantz answered one pressing question. i asked him point blank does your name have to be on the label. he said the answer is in the money. >> i knew that could lead to a disaster. you can be the most beloved inger, golfer whatever you put your name on a label, it's a tough sell. so the graveyards of celebrity wine it's running oust space. >> you knew that having your name -- >> i'm not a vanity plate. i was lucky enough to have the dream job. i always wanted to be calling american sporting events. >> the name they settled on, the calling. jim a

david: state mannesmann agency, working with companies and finalizing an agreement with deutsche bankncy exposure. joining is now in a fox business exclusive. we've seen a very weak dollar. >> during the look at individual sectors. you really need to look at individual companies. you have to look at -- these companies are managing currencies, not just the euro versus the dollar. managing some times in excess of 200 different currencies. what you have to look at is what companies good at managing the exposure and which are not. take, for example, a company that goes out and looks at something like you mentioned earlier, topline, what it means for earnings, well, that depends somewhat -- how they're managing it. cheryl: you look good companies, but you can also look good countries. i am just picking this -- always been interested in what happens@ in australia such as an important economy to hours, obviously china is more important to australia than any other country. a lot of what happens they're depends on china, with its is got a new prime minister, a very strong dollar advocate. shou

donny deutsche. in washington, former chairman of the republican national committee michael steele with one artistic tie. i like it! i like it a lot. >> thank you. >> mika, tell me, what did you think about yesterday? how did he do? >> the one thing i think counters to the narrative i've been hearing that i feel is that he went out there, he made a statement, and a lot of people in a situation like that that looks that bad would say, thank you very much, no questions. and i think what i really liked a lot about it and a lot of people didn't, they call it the never ending news conference is that he sat there and answered every question and while some of those answers might have raised new questions, he is offering to answer those as well as the information comes out, but i think he did really very well. i'm also friends with him, so i don't know if my bias as a friend might have seeped into that a little bit. we all know this, but i thought i'd put it out there, but i liked it. what did you think? >>

in europe germany's largest bank, deutsche bank, reporting an unexpected net loss of $1.35 billion for fourth quarter. the firm saying 2014 will be a year of challenges, but it does expect to reach its 2015 target. and over in asia, china, the world's second largest economy, reporting economic growth of 7.7% last year. we'll be digging through those numbers, finding out what to expect this year. that's in just a moment. and speaking of overseas, liz claman will be live in davos, switzerland, all week with a huge lineup of guests from the world economic forum. on wednesday her guests will include pierre due point, imax's ceo and ernie sorenson. and thursday liz will be talking to cisco's john chambers, renault nissan's carlos -- [inaudible] coca-cola's muhtar tent and citigroup's michael corbett, and you don't want to miss any of those interviews, because you know they're going to be great. and on this market holiday, we still have all of the business stories that you care about today and into tomorrow. our own jo ling kent is here with the latest, peter barnes is in washington tracking

but deutsche bank just revised its estimates. economists think the unemployment rate fell to 6. % last year. that's showing some strength in the job market we haven't seen in a long time, even as this debate rages as to how to pie for the long term unemployment benefits. for the long-term unemployed, nothing has changed. for the recently unemployed, the market getting better. we're also going to hear more from the federal reserve about its last meeting in december and what they were thinking about that so-called taper. that's why markets, i think, are mixed wolf, because they're waiting for the big jobs report friday. and they want to know what ben bernanke and crew were talking about in december before they place any big bets today. >> we'll see you 8:30 a.m. eastern friday morning with the official jobs number for december and what revisions there may have been for the months before that. the i know you'll be watching as closely as anyone. thanks, christine. >>> dennis rodman says he's no ambassador. up next, what does he hope

deutsche telekom, the biggest internet service provider in germany wants to take control over local internetraffic by making sure it is routed via servers based in germany, thus protecting it from foreign intelligence agencies. the highesthed political rounds in germany when chancellor angela mel or -- angela merkel and other heads of state had their phones bugged by the nsa. she and the brazilian president asked the u.s. for a resolution to safeguard internet previous -- privacy. also taking reaction in the borders forcing large incident companies to store locally gathered data inside brazil. edward snowden offered to help brazil investigate u.s. spying on its soil in exchange for political asylum. in internet speak, a selfie is when you take a picture of yourself with your mobile phone and post the photo online. it has been chosen as the oxford dictionary's word of the year. -- a social networking mode -- must, narcissism for some, and for others it is a way of updating your every move by posing in front of a mirror or by holding your phone out in front of you and pointing the land that yo

sandra: deutsche bank shares tumbling in european trading following a surprising fourth quarter loss for the term. follows a steep decline in debt trading revenues and restructuring costs. david: we saw a frightening sign from china last year. 7.%, same as in 2012. sounds great but economists were hoping for something more. a cool-down in the world's second biggest economy is inevitable as officials and investors embrace for difficult reforms. sandra: political you know rest in thailand has toyota warning it could reconsider plans to invest in $600 million in the country. thailand is the biggest auto market in southeast asia and regional production hub for global auto-makers. david: sandy, good to have you here today. sandra: nice to be here. david: wonderful to have you all joining us. the u.s. market will resume trading tomorrow as the s&p fell from an all-time high as weaker-than-expected earnings reports offset the improving outlook from the global economy. so is this the start of a bigger pullback? sandra: we want to bring in our market panel, david. we have jared davies, and la

deutsche telekom and orange are putting their plans to list ee on hold.wners are waiting for their services to take off in order to get valuation. more on the story. why it the real reason is being delayed or postponed or put off? >> there are any numbers of putting this. it is bad news for ipo bankers in london who have had a few bullish months. there are also some things floating around ee. there is the question, of course course, doesof at&t come in? be thinkingekom may we want to see how that plays up before we decide what to do with our doing -- with our joint venture. t-mobile usa is widely speculated to merger with sprint. perhaps deutsche telekom does not want to leave two big markets all at once. so that is going on in the background. aboute more questions four g mobile services. the potentialso for consolidation in europe in the major players may be getting together. >> that's right. one thing you year, if at&t come here, phone companies will have to get better. there be global has been on an acquisition spree. vodafone buying in germany. the ge

again, a dow jones report citing sources familiar with that deutsche bank situation so those db sharest session lows, down 4%. back over to you. >> thank you very much. >>> google taking yet another turn. this time, toward becoming a medical device company. sort of. google is testing a smart contact lens that measures glucose levels in your tears that can be used by diabetics. let's bring in re/code health and science senior editor, john temple and also, john forte. this is an interesting story. we have been critical of google in many ways but this is their first foray into what can be considered the health industry. >> i think it's the first foray we have seen into medical devices that i know of on the part of google, not their first move into health in general. certainly the investment arm has quite a decent size life sciences portfolio. of course, most recently or at the end of last year, they invested in calico, this new venture which no one really knows too much about yet, but the general idea there is they are going to be trying to work on, for lack of a better term, curing aging

gold, of all things to be bullish on right now, bold, we just -- gold, we had report from deutsche bank, bank of america. ubs, they added all predictions about gold up and guess what they found? 14% drop in the price of gold from where it is now by the end of 2014. why are you bullish? >> dave, i'm going to tell you hit it on the head. sentiment is absolutely awful in the metal right now. we have near record high or at least multiyear high of short interest in futures markets for gold. that tells me you know what? everybody is crowded on short side. all the negative basis people talking about are built in. i was looking at jeffrey's cast, gold will go up 10%. i will not argue with him because he is very contrarian on lot of different things. one. main reasons why is because a lot of physical demand we're seeing in asia. a lot of spot prices in china are starting to pick up. there could be a skew because of their new year holiday but we're starting starting to see inflationary signals pick up. u.s. 10-year break-evens, dave, that is the difference between tips, inflation protected yield

donny deutsch, we ought to go to you.y's image right now is -- i don't know if it's battered as much as it is boring, which is actually even worse. you know, in 2008, i read this in the "wall street journal" yesterday, in 2008, independents helped elect him with 52% of independents supporting him. today, it's down in the low 30s. a polling group last week said that he is on track to become the most divisive president in the history of modern polling. that means the biggest gap between what democrats think and what republicans think. he's lost the independents. and more importantly, you look at those numbers, and this is what we were talking about before, the tune-out factor. he has -- he had the lowest number of americans watching his state of the union address of any president since bill clinton in 2000. that's pretty staggering. >> i think you're -- two things at play here. first of all, there is definitely obama fatigue. he's coming off a horrible 2013. there isn't a lot of sexy things to talk about, good or bad. we're

deutsche bank knows on average biotech growth rates are three to five times higher than other healthsectors. investors love that kind of growth rate. number two, the pipeline. analysts tell me the pipeline is full and importantly, companies are getting really good at executing on the pipeline and bringing the drugs to market. finally, you have the macro picture here. this is the aging baby boomers which is a great market for all these drugs. and also, the fda. this is interesting. the fda has streamlined its approval process and has actually approved the most drugs ever in 16 years. this is all the good stuff about the biotech sector and boom, but there is one big point of caution and that is valuation. in fact, goldman earlier in the year did downgrade the biotech sector because they were worried about lofty valuations and analysts in general are a little cautious of that, saying even though these big picture things about the biotech sector are good, you want to be careful when stock picking, you want to be selective. choose companies that can really earn their valuations. couple of

deutsche bank, the economists at deutsche bank think we could see jobs 250,000 increase in payrolls, john, 6.8% jobless rate. that would be the best in years. put it together, and the federal reserve likely to keep pairing back its stimulus for the bond market. that is the big, big story in money today. the dow fell 68 points yesterday, but the nasdaq closed higher. the s&p basically flat. the s&p is down about 0.6% for the first five days of 2014, and that is a worrying sign because january has historically been a winner for stocks, so we're really watching the slow start to stocks this month. in europe this morning, the markets in london, frankfurt and paris all showing some gains. in tokyo overnight, the nikkei closed with a loss. and here in the u.s. late yesterday, macy's caught wall street by surprise. the second largest department store operator forecasting better profits, but at the same time, said it would cut 2,500 jobs in a restructuring. that news sent the stock up 5% in premarket trading, so macy's likely to be a mover this morning. >> tough job news for macy's, but not

it was raised over at deutsche bank. that is good news for them, the top performing sector, health care overall. there is the look one year at health group 50% in the last year. lori: thank you for that. good news if you are stuck at the airport, jetblue restoring service in new york and boston after being forced to shut down friday. hi, adam. adam: the cold weather is causing a lot of trouble. the latest numbers from flight aware. the total numbers nationwide, and we will show you the airlines with the most delays. right now delays nationwide roughly 2440. here at laguardia, things are getting back to normal if you can call this normal travel, but the airlines with the most flights cancelled, as of 12 no noon, american eagle, that is the commuter version, southwest had 312 flights that had been cancelled or delayed, jetblue 216, american 128, united 117. a lot better than what we saw yesterday with 4100 flights cancelled nationwide, 8000 delayed, but it is still bitter cold. in some cases the fuel that operates not the

there's contact with maple father and ninety lobbyist for deutsche above. the plants which has reignited the debate over the need for a buffer period for politicians leaving government. tunstall knuckleheads noon since november that coppola wanted to work for the private sector. her spokesman has sought to keep her out of the firing line between sixty two but she believes that these kinds of movements between political and business communities must remain possible preferably they would take place transparently and with a certain buffer period between the end of the political office and subsequent professional activity and its psychic distress ink. it's not a new debate when former chanc of a baltic sea pipeline project following his tense push it there was a outcry. the cpu function area named one of hope allah joined the chorus of the indignation. he mentions minimal must have the impression that care much but it is only in it for the money bush the second quarter. the attention accompanying pull from this plant use is proving and welcome to which obama. m

. >> carl rig a donna is an economist for deutsche bank securities. >> it looks like the private sector is finally getting some legs. businesses are coming back. they're comfortable in investing in equipment and adding workers more aggressively. >> shoppers led the way. # consumer spending was more than expected, up 3% in the fourth quarter. the economy's greatest headwinds came from washington. government expenditures plunged 1 12.6% because of the government shutdown and cutbacks by congress. it would be larger. >> definitely. >> the shutdown and spending cuts knocked a full point off of growth. gdp would have been 4.2% instead of 3.2%. anthony mason, cbs news, new york. >>> well, on the "cbs moneywatch" now, yahoo! accounts are targeted by a cyber attack and a stroller recall. # joya dass has that and more. good morning. >> good morning, everyone. asian stocks dipped on a rising yen and tokyo's nikkei lost a half a percent following a two-month low. # hong kong's hang seng index is closed for a holiday. >>> a fourth quarter earnings reported higher. the dow was up 109 points on thurs

deutsche telekom is leading the way. hans nichols reports. snowdon's bombshell, two phones. blackberry 10 and a samsung for theere competing german government. with news reports of the nsa listening on top of the u.s. embassy of berlin, two companies are experiencing a surge in and a secured smartphone. >> it is about security and confidentiality. what we're offering is attracted to them. code towrite lines of virtualize the android system. is inserted next to the sim card. forthan toggle back-and- between the secure mode and the secure -- the regular one. >> there's a secure compartment. seecan switch and you will it is a normal android. >> their competition is a isified blackberry that listed at 2000 euros. they claim that they are more secure. >> the most secure best the most important thing about the nsa spying is that this becomes important. .here is value in your voice >> they have the tender to sell 10,000 devices. secret asly guarded to which device will become the chancellor's phone. >> hans nichols joins us from berlin. how well are these do technologies expected t

deutsche bank announced a net loss for the last quarter and said 2014 would be another challenging year. major indices are trading like this at the hour. frankfurt's dax underperforming the rest there as we can see. earlier, asia markets ended mixed. chinese stocks sank to the lowest level in more than five months. investors remain jittery about the resumption of initial public offerings. china's gdp data had little impact on the markets. moving on to currencies now dollar/yen is currently trading at 104.19. pretty much little changed from earlier in the day. many market players staying outside the market due to a public poll day in the united states. meanwhile the euro is rebounding from a low hit in asia against the dollar, and the yen. >>> japanese prime minister shinzo abe has renewed his pledge to revitalize the economy. for that purpose he says he will submit about 30 bills to the upcoming session of the diet. >> translator: there's no end to our growth strategy. >> abe, as well as his cabinet ministers, attended a meeting of the industrial competitiveness council on monday. the p

it may not be a year to remember for deutsche bank.is coming after a surprise loss of $1.5 billion. there's a plenty combination of legal costs and low trading revenue. in toronto. it is still 80,000 handsets by the end of the month. blackberry makes it 98% of the pentagon's new network. those are one of the top needs fixed today. >> having already bought one business, lenovo may soon acquire another. it is said to be in talks about the low server business. the thirdalks with party. thanks for joining us. tell us what is the latest you know of lenovo talking with someone. it is so unfamiliar with the story. >> yesterday we had reporters having lenovo talking about the server business. lenovo have bought the unit in 2005. what he is doing now is looking to expand in storage equipment. he wanted to double the share of the server market. this is the latest of lenovo. they are confirming that it is in discussions to make an acquisition but not naming the party involved that people familiar with the matter. this is the ibm low-end server un

or sell the investment now subpoenas have been sent to several firms including barclays citigroup deutsche bank goldman j.p. morgan r.b.s. u.b.s. and morgan stanley all the big boys now the investigation is still in the early stage and may not lead to any type of prosecution. elsewhere thanks to a boom in u.s. oil production america's trade deficit is the lowest it's been in four years from october to november of twenty thirteen the u.s. monthly trade gap decreased by five billion dollars reading some economists to increase fourth quarter growth estimates in the u.s. now thanks to rising production and shale oil the energy information administration predicts that u.s. oil output for twenty fifteen could approach record highs of nine point six million barrels per day numbers not seen since the one nine hundred seventy s. now america's growing energy industry has increased appeals to the obama administration to relax controls on the export of crude oil obama has already given the go ahead on some exports of liquefied natural gas however he still has strict controls in place on crude oil that

deutsche bank is coming off of of $1.5nd the loss million. another challenging year is ahead. there is low training revenue. >> we confirm that they will not identify the target. in our say that it is report. what can you tell us about the latest that you know about this what we are looking at his what we are- >> looking at is lenovo. it makes sense. many years ago, lenovo went by another name. consumer pc business and that helped to bring them forward and make them a global layer in the pc market. the consumer pc business is really not doing well and it fell 10% by last year. that was a record week are -- that was a record year last year. companies really want to tap into the corporate market. and, already quite strong by getting into this unit that they may buy from ibm, they have tapped into the corporate market. big companies go out and buy computers for their offices and their mobile traveling workforce. have an to be able to area where you can do that. they tend to have larger margins. desktops are pretty thin margin products. you cannot make it at a big market. you have

economists from deutsche bank say pain will be limited to a few economies. let's welcome in a managing director and investor. some economists are saying the pressure we're seeing is going to remain contained within emerging markets and we're going to start distinguishing as investors more than those that are facing trouble and those that are less so. is that correct? >> i think it is too early to say. over a number of years we have seen emerging market currencies come under pressure. the self-corrected forces of better exports should have resulted in lower account deficits. the reality is that has not happened. we're not at level where is current deficits are. >> why? because of a lack of growth in the developed world or because everybody was chasing the export model? >> yes. absolutely. there has not been enough internal reform focus on growth. we also don't know what the transition in china is going to be with their reform program. i think it is way too early in the year for people to say it is contained. we're seeing underperformance now. this is not a ne