ceo of ericsson. you hear we are having con ver sa -- con vargs conversations abo future and metaverse and connecting devices in cars or the skies. we are talking about the future here at mobile world congress. more coming up in the next couple days, julianna. >> thank you i can't wait for more of the conversations. >>> coming up on the program, we look at outlook for the uk business community as the uk and eu appears to close in on a deal in northern ireland. more on that next. >>> welcome back to "street signs. i'm julianna tatelbaum these are your headlines european markets start the week firmly on the front foot brushing aside the pce in the u.s. and wall street looks to bounce back from the worst week of the year. >>> uk prime minister rishi sunak closes in on a deal with northern ireland and imf director flies in for talks. >>> and commerzbank comeback they trade at the top of the stoxx 600 after rejoining dax. the ceo tells cnbc the bank is ready to support germany in the face of the recession

dragging down glencore as well >>> finally over to telecommunications e er ericsson is cutting 1,400 jobs this is part of the order to slash this year and further job cuts may be coming oaccording to reuters. negative reaction there. one name pulling down the dax. overall, not a positive start to trading today. frank. >> more job reduction nos in the tech sector. joumanna, thank you. >>> let's get the top corporate stories are silvana henao. >> good morning, frank investors which are optimistic outlook are setting up for an disappointment it is too early to take recession off the table noting that monetary policy impact on the economy can lag up to two years. jpmorgan chase adding the first three months of this year will mark the high point for stocks in 2023. amazon stock price is hitting the paychecks. the pay packages which are tied to restricted stock could be between 15% to 50% lower than amazon's previous target amazon says its compensation model is asking employees to think like owners. >>> and renaissance holding extending the losses as the ceo is still missing employees are

china with a share of 16.5%, as well as turkey about 10% ericsson again fires employees manufacturerecommunications equipment intends to cut about 1,400 jobs in sweden and even more in other countries , according to reuters, citing sources , as of the end of the year, the company had about 150,000 employees. european countries could face serious difficulties next winter if they do not reduce their natural gas consumption , fatih hero, head of the international energy agency, said. despite the fact that this year the supply of lng will increase by 23 billion cubic meters of natural gas. most likely , the main volumes will not be enough, most likely, they will go to china, where the economic recovery will take place. this was the news of the economy in short. after the advertisement, the program alexei kazakov will talk about the technologies of the information war against russia and expose the stuffing of ukrainian propaganda. sbermarket is a benefit in every order products from your favorite stores with discounts up to 60 percent sbermarket, delivery is free, so that prospects become

we will come back to you to discuss other issues >>> i want to bring you flashes on the company ericssone company is planning on cutting 1,400 jobs in sweden they plan to layoff thousands more in other countries. particularly in the americas worth pointing out where i spoke to the ceo in davos and we talked about the challenges in the telecommunications industry given the cost of living crisis and people are pulling back on the network spend and challenges of the rollout of 5g and it is expensive on costly for the countries to take on that with other priorities >> i wonder if they felt the increase spend as well that was put through in the covid times as well and how much that may be at play through all this we will follow this story and get a sense of how things are faring. >>> coming up on the show, we look at energy markets and how it has changed one year after russia invaded ukraine ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for ca

telecom equipment maker ericsson will layoff 8500 employees worldwide.rding to a memfoo t compan had massive layoffs but this would be the largest to hit the telecom industry. they have a business in santa clara but have not mentioned which will be most affected. mark zuckerberg announced they are set to release a new language model to researchers to help scientists and engineers to explore uses for artificial intelligence. models like these have promised to be able to answer questions, have conversations, summarize documents, and solve math problems. california is one of a few states that doesn't require that high school students be taught computer science. a bill in sacramento would include california among 27 states that already do. senior education reporter leanne melendez tells us the next step is to begin hiring more teachers. leanne: the name of the high school speaks for itself, galileo high school of science and technology. >> they just asked are you in ap computer science? yeah. leanne: in 2015, the school board voted to begin teaching commuter

this time at ericsson, and what could be the largest layoff in the telecom industry, here's a live lookutside this morning. on this saturday, the sundstrand,. will check in with lisa when we get back. more paper being crumpled music: “i wish” by skee-lo boom! sound of paper balls landing in bins office workers cheering music stops why do we shoot baskets with paper balls? for the same reason we play scratchers from the california lottery. because a little play can make your day. logo scratches on get exclusive offers on select new volvo models. contact your volvo retailer to learn more. >> a beautiful shot of the building. from abc 7 camera. grab jackets. a chilly start to the morning. telecom equipment eric and eric symbol layoff 8500 employees. sent in a memo, it is an effort to cut costs. other tech companies have had massive layoffs, but this would be the largest exodus to hit the telecom industry. it could be more than a thousand layoffs. erickson does have a campus in santa clara, the company didn't disclose which location would be most affected. mark zuckerberg announced an ai ex

ericsson will layoff around 8500 people. this company employs about 100 5000 people.at they were slowing in some markets including north america. they laid out a plan to cut 860 $5 billion in cost by the end of this year. it is a setback from merrick covid pill to treat covid. the e.u. dolls back on the treatment and at -- adults. and they will appeal the decision. goldman sachs says the investigation to its credit card business has expanded. the process that now other government agencies are involved not just consumer financial connection -- protection bureau.they say they were last year looking into how it processes refunds. that is your boom -- bloomberg business flash. guy: time to get to the start up we are talking -- covering the top 10 stories in the bay area and silicon valley. joining us now is ed ludlow. let's talk about adobe. adobe may have a regular -- regulatory problem. my question is will investors be leaved about this or concerned? ed: that is the right question. bloomberg reports overnight that the doj is preparing to bring an antitrust sue for the s

. >> the government is differen this court is recognized that ces like jericka the milton ericsson worse allow the federal goveme to assert the interest of federally created corporations. >> i believe in those cases, the federal government had an independent interest. the federal government was not saying wechat seven entitlement to stand in the shoes of the federal corporation. >> to responses. the first response is d't think that's the best reading through liry cotton mills cherry cow to mills the court discuss a number of facts. at the end, instead the reason why the governntan assert the federal corporations interests because it i performing purely governmental purposes. that's exact wt's happening here. thste of missouri has declared that everythg mohela does is the performance of the central public function. that's the first response. the second resns even if the state does need an interest, the state has an interest year. and in the finally three. the first intert that the state created to mohela provide nancial aid for missouri students that's where th second interest, is in the

no christine christine ericsson says it was so nice. where here in san francisco yesterday.n our deck with my cats who are soaking in the sun as well. i can concur on that and relate. i have two cats . one would not go outside yesterday because i'm having some work done, and he was freaking out. but the older one, the dude, he went out and rolled in the dirt, so i know what you mean by that, christine. thank you. yes, it was a nice day yesterday. in fact, san francisco was 66 degrees officially. oakland 66 santa rosa, downtown 66 san rafael was 67 san jose 68. there were many slow seventies i went with danville, menlo park in gilroy. maybe you were at your location as well. our system is inching closer changes on the way and you can see the front. i look, i've been doing this for a long time when you see a cold core low right that, okay. these are very, very tough to forecast. it looks like it wants to do this. but if it does this everyone will be in on some rain tomorrow . right now. i think it favors. san francisco cemetery. oh coast , santa cruz mountains, santa clara val