now things are about to get cold and dangerous in our new series euro max to the max we send our reporters to some of the most challenging destinations around europe and today we are visiting a small town that is home to just over 2000 people and they share that space with polar bears now it's not an easy place to live as our reporter nicole firth found out. it almost seems like the north pole is just over the horizon a last outpost of civilization and the frozen north you may well be wondering where on earth i am i'm in long here being in small part. i'm in your northernmost town and that is by far not the only record long european holds this norwegian city is a place of extremes and today i want to show them all to you. just getting here as an odyssey from berlin i make my way to oslo from there it's another 3 hour flight i reach my destination there i'm greeted by the archipelagos most famous resident polar bears. sol hard lines about halfway between the northern tip of norway and the north pole longer being with a population of around $2100.00 is the largest settlement is on the $78.00

forest we will let you know later on in this show and with that very warm welcome to a new dish of euro max let's see what else we have lined up for you today. how the leaves fanfares can actually turn into no sign and. belittle in northern cities became a hotel. fancy samoa learning a steak no this is not a bad joke top chefs are always looking for new things to serve to their guests and now some have started using meat that has been treated using a particular kind of add a bull mobile's in switzerland 2 men have come up with an aging process that is so innovative that they decided to patent it let's find out more about their idea and why knoll the meat is not as disgusting as a. this brawl meat is covered in a whitish greyish mole for food inspectors this size would set off all alarm bells but for fifty's it's mouth watering. after removing the mold enrico's a block me is left with an exquisite piece of meat a hidden gem among. its legs. he has this very distinctive 90 flavor that you won't usually find in meat and this really makes a very special and when you fry it the whole room is fil

and with that icy start a one welcome to a new edition of the euro max let's see what else we have it store for you. now 7 year old paints him he cut you know a car is making a splash in the art world and. why do i race to the old girl when is the european capital of culture this year. if you like to take a cold shower in the morning or have accidently turned on the cold waltzer then you know it feels like minus 10 degrees but of course it's a bit warm hearty wouldn't sweat most go into the water so when it's just above freezing we thought that would be a nice challenge for feel as you're a max report to max merit in our series quirky customs he travels to not in finland where and i see swim is very popular in winter. this town in northern finland is playing host to a frosty race in the icy water it's minus 12 degrees celsius outside but the moguls take to the water as if it was summer. 500 foot forward to customs just let me take you in super bowl of in finland and today i'm taking part in ice winning championships in the flames trust me they are absolutely bonkers. arrived the day b

and with that icy start a one welcome to a new edition of the euro max.

and with that icy start a war welcome to a new edition of the euro max.

welcome to the euro max. gold mine of stewards. with exclusive. must see concerning our culture to ensure a. place to be for curious minds. do it yourself networkers. so subscribing and don't miss out. on trying. to mask lead is a social worker who works with refugees in frankfurt odor. for a while the city which is not far from berlin was considered a successful example of integration. but then a group of refugees attacked the brush nightclub. they only got to this point we didn't let them get in but they kept smashing the windows. since the incident has gotten tougher definitely if you. can. it's. like helping refugees is more than a job for thomas clan he has become friends with many of them considering them almost like family. thomas is a good man he's very kind and very. kind is there of the refugees need help understanding german bureaucracy language or culture. i don't know certain rules i don't know certain cultural mechanisms but you can't just say sims alabaman poof you know you know what's inside of a men's please dear god knows some si

and with that icy start a wall welcome to a new edition of euro max let.

welcome to the euro max you tube channel. to my notes tonight. with the exclusive. the must see concerning part time culture change or a. place to be curious minds. do it yourself networkers. so subscribing don't miss out. is china getting back to business workers trickle back to their job sites on monday but many companies and factories remain closed as the coronavirus continues to sweep through the country. also on the show dime will cut even more jobs than expected it's trying to leave a diesel emissions scandal behind it and reassure investors. and getting out may have been the easy part trade negotiations are now beginning between the u.k. and e.u. and it looks to be a fight. this is your business report i'm stephen beardsley in berlin good having you with us a monday marks the end of self-imposed closures for business and industry across china as cities there grapple with a deadly corona virus outbreak beijing has urged important industries like aviation to resume operations yet some large employers including alibaba and foxconn will remain closed other compan

logo to the euro max chant. goldmine of story. with exclusive. and a must see concerning startup culture to europe. a place to be for curious minds posts to. yourself networkers. subscribers don't miss out. they were systematically robbed by the nazis. and after the war there were no signs of compensation. collectors got to end and sold mine. today researchers are searching for the missing works of art the pencil process for the descendants. the fun starts february 10th on t.w. . play me. play . this is live from berlin and his state of the union address president trump tells americans you've never had it so good. the american adventure has only just begun and my fellow americans the best is yet to come. republicans cheer and challenge for 4 years but the democrats speaker of the house sitting just behind the president makes clear what she thinks of the speech. also coming up.

playing live welcome to the euro max you tube channel. goldmine of stewards. with exclusive insights. and a must see concerning our culture to ensure a. place to be curious minds. do it yourself networkers live so subscribe and don't miss our play.

the end of today's show but before we go just a quick reminder that you could win this exclusive euro max watch all you have to do is enter our view us draw you can find all the information on how to take part on our website and his book so get your entries into us and good luck and so we meet again from myself and the entire team thanks for watching you again soon bye. the snow now is that is winter fun. is located over there it's the winter sports center of the al gore region. is on his way to the top coming down in the indian up because she has also come to this alpine winter wonderland to snow hike your bank account and explore some of the best the area has to offer check in. 30 minutes on d w. robots they're still in the development phase for the folks that's going to happen when they grow. on official intelligence is now spreading through our society ai experts be able to agree on ethical guidelines or will this technology create deadly mall thomas weapons systems. paradise robot collapse. 55 minutes on d w. to curious. to me yourself network. max you tube channel. don't miss out. b

the end of today's show but before we go just a quick reminder that you could win this exclusive euro maxwatch all you have to do is enter our new us draw you can find all the information on how to take part on our website and own facebook so get your entries in to us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. bye. i go to the robotics. people in a trio should wait a 2nd we want to hold a shout out facts instead of make ideas shift deliver us. from a dimension reality to cryptocurrency your topics for live in an ever changing digital world let's start with digitalisation shift. in 15 minutes juggling. the snow now and that is winter fun. is located over there it's the winter sports center of the al gore region gusting it is on his way to the top coming down is easy enough to close relations also come to the alpine winter wonderland to snow hike through bears the garden and explore some of the best but very has to offer chick in. 30 minutes on d w. or. in the army of climate change. because most of us. if. people. want to use t

the end of today's show but before we go just a quick reminder that you could win this exclusive euro max watch all you have to do is enter our new us draw you can find all the information on how to take part on our website and also his book so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. she specializes in fantasy and offense to. readers the world over practically devour her. meat and the artists to meet her don't like the creator of fantastical worlds in an exclusive interview. from. do you do a. 21. and 30 minutes on d w every 2 seconds a person is forced to flee their home. the consequences are disastrous our documentary series displaced. droughts and floods the climate exodus. what becomes of those who stay behind when their homes are flooded. and their fields dry out. in 75 missions on d. w. . small acts who can inspire a big change the people making a small want to go out for. sometimes it might. join them as they set out to save the environment learn from one another and work together for a later

the end of today's show but before we go just a quick reminder that you could win this exclusive euro max watch all you have to do is enter our us draw you can find all the information on how to take part on our website and this book so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. good. to. be in good shape it's a part of the body we tense time to estimate even though it's so important work on the land more than a credit card and a thing to nice if you have to change your code and i suppose. what effects are intestinal flora. and how can we keep it healthy. good shape. mom w. it doesn't get any prettier than this perhaps a bit cleaner her. gently man converts old timers in sick time and his company turns classic cars into modern electronic roadsters and the claim green sound is only these are ready to ride out into the future read. the 2 minutes on d w. climate change. the state building. environmental graduate. globalization affects biodiversity species conservation exploitation. human rights displaceme

the end of today's show but before we go just a quick reminder that you could win this exclusive euro maxwatch all you have to do is enter our us draw you can find all the information on how to take part on our website and his book so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. bye. bye. 'd go to college. keep learning merge to reality wait a 2nd we want the whole picture perfect so instead of make idea shift deliver us. from another reality to cryptocurrency your topics for live in an ever changing digital world let's talk to devise a simple shift. in 15 minutes total. it doesn't get any prettier than this but perhaps a bit cleaner burning. vehicle a man converts old timers into timers his company turns classic cars into modern electronic roadsters and the clean green sound is all these are ready to write off into the future read. 30 spondee double. slit. carefully. simply choose to do get. plenty scuttle. leg. subscribe to documentary to. plato is for me to play to is for you. is for hello glenn beeth

the end of today's show but before we go just a quick reminder that you could win this exclusive euro maxwatch all you have to do is enter our viewers draw you can find all the information on how to take part on our website and. so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. before this. a great. show. was this. the united states was built by immigrants. but did the european settlers find the american dream that they were searching for hoping for a better life history of europeans and america. in 15 minutes w. . they were systematically robbed by the nazis. and after the war there were no signs of compensation. jewish art collectors i got it and announced some on her 3rd right didn't steal all the smart words just to get more money it was true lemonade everything connected to church culture today researchers are searching for the missing works of art. challenging for the experts. and painful for the descendants. to someone who did art in the 3rd reich she starts fewer. on d. w. . in the. climate change

the end of today's show but before we go just a quick reminder that you could win this exclusive euro maxwatch all you have to do is enter our viewers draw you can find all the information on how to take part on our website and this book so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching you again soon bye. they risk their health for just a few dollars blood plasma donors from mexico. and u.s. clinics near the border they donate their plasma up to $100.00 times a year. it's a business on the edge of legality with tremendous health hazards blood trade. in 15 minutes w. n a. subject that change the world. must be a cry for freedom and the fight for freedom were always accompanied by music listening to. cheney tracing country and bring us all together. to form a documentary about the revolutionary power of music. yes. you get to see how songs become pieces of history hard to john. and the solution songs like that don't go away stay with us for all time to find. yourself trying to. start food your research teetotal you. want to kn

you can also find all the information about our exciting draw enter and you could win an exclusive euro max watch and so we meet again from all of us here in the end to take care and goodbye. a sustainable. economy in kenya. traditional t. production consumes vast quantities of more. now pressed sugar cane is mean used to drive the leaves are. turning unused waste into up. valuable commodity. global 3000. next on d w. mostafa come october. the father of the turks. he created the modern state but his reforms remain controversy all to this day. who was the man behind this vision. revered by some cursed by others culture the father of modern turkey. in 45 minutes on m t w. have fun in pyongyang. the capital city of north korea is reinventing itself. but only a few can enjoy the benefits of those from the regime allowed. kim jong un a man is it introduced any serious reward system to coerce allegiance to the regime . those who don't make it into the fun metropolis often feel on tumblr e. have fun in pyongyang starts feb 28th on w. at about the. welcome sick label 3000. this is what's left of th

the end of today's show but before we go just a quick reminder that you could win this exclusive euro max watch all you have to do is enter our view us draw you can find all the information on how to take cod on our website and also his book so get your entries into us and good luck until we meet again from myself and the entire team thanks for watching the screen again soon by. collected by children in india. used on mass by cosmetics companies. my god is a law material that's mined in a highly risky conditions. combining business with conscience it's a balancing act for the manufacturing industry. global 3000. next on d w. one come after the oil runs out. the gulf states are undergoing a profound economic transformation. snow net energy research and education are meant to be the new sources of prosperity but such changes will inevitably also bring new ways of thinking and living life after coming. in the 5 minutes on the t w. d 2 you know that 77 percent blockage are younger than 6 o'clock. that's me and me and you. don't know what time off voices. all those 77 percent talk about the is

and with that icy start a war welcome to a new edition of the euro max.

welcome to the euro max neutral channel. a good line of stories. with exclusive sites. and a must see concerning parts culture to ensure a. place to be for curious minds. do it yourself networkers. so for subscribers and don't miss out. to know that 77 percent. are younger than 6 o'clock. that's me ends meet and you. think you know what time all voices. in the 77 percent talk about the. front part of the classic from housing boom boom boom time this is where. welcome to the 77 percent. this weekend on t w. this is coming to you live from berlin the coronavirus crash is china's stock market on the 1st day back after the extended lunar new year the central bank pumps billions into the economy as a new hospital built in just 10 days opens to cope with the outbreak the.

welcome to the euro max new to channel. close to a good line of stewards. with exclusive insights. and a must see concerning part time culture in your a. place to be for curious minds. do it yourself networkers. so subscribe it and don't miss out. have fun in pyongyang. the capital city of north korea is reinventing itself. but only if you can enjoy the benefits of those the regime allows. kim jong un has introduced and insidious reward system to coerce allegiance to the regime of. those who don't make it into the fun metropolis are often full and tom brady. have fun in pyongyang starts feb 28th on w. this is the doubly news and the top stories. a top u.n. official has told leaders at the munich security conference that. libya is not being enforced the ceasefire agreement struck last month in the name has been repeatedly violated.

welcome to the euro max you tube channel. gold mine of story. with exclusive a. must see concerning car culture in europe. the place to be full curious minds. do it yourself networkers. so subscribe and don't miss out. in the. climate change. or sit. ups instantly people. were 30 years today out of their future. for their grocery. business click to. me. this is you have your news and these are our top stories to people evacuated from china on a german air force plane have tested positive for the corona virus and are undergoing treatment in hospital they were among the group of more than 120 passengers all were quarantined on their arrival in germany on saturday. a man of been shot dead by police in london after a stabbing attack they described as terrorism related police say 3 people were injured in the attack the suspect at a recent.

more time that passes the more fascinated people become with this amusing time keeper including our euro max reporter hendrick valley. what on earth is this it's a german cultural artifact in extra large. this is the biggest cuckoo clock in the world and it represents everything in the cuckoo clock is famous for internationally persimmon craftsmanship and the passion for coups. for coups but why in the world for coups. the black forest the birthplace of the cuckoo clock. the region in germany's south west the center of european clock making tradition about 100 kilometers from stuttgart lies the town of. at the beginning of the 19th century every 3rd clock in the world was made here and in the surrounding area. today it's every original black forest cuckoo clock and one of them is the biggest worldwide. the walk in clock takes up an end tire house to clockmakers work on the mechanical clock work for 5 years it's 4 and a half by 4 and a half meters and was completed in 1994 a world record and a technical feat as the head of the society the shots about work explains. the hoodie well it's really

logo to the euro max you tube channel. close to a good line of story. with exclusive insights. and a must see concerning our times culture in europe. please to be curious mimes. do it yourself networkers. so for subscribers and don't miss out. the more go by keep to safer food. police to prevent companies from ups. draw and cook foods to avoid cross contamination. cook syrup to kill microorganisms. keep food safe temperatures. to prevent bacteria. use safe water and safe crawl materials to avoid kentucky. food producers are the ones primarily responsible for the safety of the food. but you can protect yourself and your family from diseases and all by plying the 5 key is to see food use them you also have a role to play. this is it every news live from berlin the uncertainty of hundreds of passengers disembark from a korean team cruise ship hit by the corona virus in japan all those who tested negative for the virus.

can also find all the information about our exciting draw ensure and you could win an exclusive euro max watch and so we meet again from all of those here and the lengths to take care and my. mom. it's winter in cologne look us dig it isn't going to sit around on anyone planning a sightseeing tour in colo should pace themselves very well. you have to be in a party mood to make the most of the cities across. the winter blues don't stand a chance or go home you are sure to have fun. checking. in on d w. or. fake hair and real story. where i come from a lot of women like me have fake hair sometimes a hairstyle takes up to today that's a lot of time that needs to be filled so people at the salon talk about what's happening in their lives. i became a journalist to be a storyteller and they always want to find those real authentic stories from everyday people who have something to share. with all the time i spend at the salon i know good quality hair when i see ads and it's a good story when i hear it. my name is elizabeth shawn and i work at the detail of . every journey begins with the 1st s

can also find all the information about our exciting draw ensure and you could win an exclusive euro max watch and so we meet again from all of us here in the end take care and good. our consumerism is causing a radical depletion of forests. for 25. percent as he was responsible for such. as it. forests and the money. the tragic reality behind the exploitation of just. 15 of the. earth home to millions of species a home worth saving. and those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world like to use the term the climate used to green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation global ideas the multimedia environment series on t.w. . they were forced into a nameless mass. their bodies near tools of. the history of the slave trade is of africa's history. it describes how the greed for power and profit plummeted an entire continent into chaos and violenc

welcome to the euro max new 2 channel. gold mine of stories. with exclusive insights. and a must see concerning part time culture team you're a. place to be folks juris minds. do it yourself networkers. so subscribe and don't miss. the. point. sometimes things don't go the way.

euro max. in 30 minutes on t.w. . have fun in funding. the capital city of north korea is reinventing itself but only a few people can enjoy the benefits. and insidious rewards system coerces people going to move will be towards the regime and. those who don't make it into the fun the trouble is who live in poverty. because in pyongyang starts february 28th on t w people is a master of the art of confrontation disease row for a better in the firm will come back mean you're going to see beyond supply the undisputed champion of tough political talk bosses be trying to frighten you know crucified everybody understand it be said you enter the conflict zone and join tim sebastian as he holds the powerful to account this is a big failure which ever way you like to spin that conflict zone on g.w. . they were forced into a nameless mass. their bodies your tools with. the history of the slave trade isn't africa's history. described for power and profit plummeted an entire continent into k. . this is the journey back into the stream of slavery plac

welcome to the euro max you tube channel. called a goldmine of stories. with exclusive insights. and a must see concerning clarkson's culture keep your a. place to be full curious minds. do it yourself networkers. so subscribers and don't miss out. they were forced into a nameless mass. their bodies near tools. the history of the slave trade is of africa's history. describes how the greed for power and for profit plummeted and entire continent into chaos and violence the slaves system created the greatest plan and accumulation of wealth a world her. ever seen up to that moment. from its very beginnings until this very day she meant traffic shaping. this is the journey back into the history of slavery i think will truly be making progress when we all accept the history of slavery as all of our history. our documentary series slavery routes starts march 9th on d w. on this day in 1905 with the nazi war machine in its final throes british and american planes began dropping bombs on the eastern german city of dresden igniting a fire storm that would last for days 25000 people die 75

logo to the euro max you tube channel. most good mine of stupids. with exclusive. must see concerning our culture to. a place to be curious minds. do it yourself networkers. so subscribing don't miss out on. is china getting back to business workers trickle back to their job sites on monday but many companies and factories remain closed as the corona virus continues to sweep through the country. also on the show dime will cut even more jobs than expected it's trying to leave a diesel emissions scandal behind it and reassure.

welcome to the euro max you tube channel. no goodbye no stewards. with exclusive inside.the must see consuming part of culture to ensure a. place to be for juries minds. do it yourself networkers. so subscribe don't miss out on. hello and welcome to tomorrow today the science show on d w coming up. the lice of our lives. born in the nose on no lights we explore the fascinating and at times destructive forces in the style at the hands of our so to system and look at how scientists are trying to improve so to weather predictions. stables and the healing powers that look in the air.

inflated their sponsorship revenues of also find man city 30000000 euros the club says it will appeal the decision. i join me in studio now is max merrill with sports max i mean walk us through this what exactly did manchester city do wrong here well a full on file of financial fair play rulings which were introduced by the way for back in 2011 haven't been completely unfolds over time if you ask me basically it's set up to prevent spending more than clubs so that's meant to secure long term investment we've seen a lot of 1000000000 is invest into football clubs over the past decades and also it's designed to encourage. rather dampen player wage inflation which we've seen quite a lot of as well now manchester city's owner is shake monsoor who's part of the abu dhabi ruling family and he has ploughed literally billions into this club and one thing that you mentioned there is that they falsified their sponsorship revenue now what happened last year to speak of the german magazine the so-called football leagues and among them were e-mails which for instance detail that the sponsorship deal with its he had. ways of $67000000.00 poun

euros. the club says they will appeal the decision. joining me in studio is max, with the w sports. walk us through this. what did manchester city do wrong here? max: they fall afoul of financial fairplay rulings introduced by uefa back in 2011. they have not been completely enforced all the time, if you ask me. it is set up to prevent spending more than clubs are in. that is meant to secure long-term investment. we have seen a lot of billionaires invest in football clubs over the past decades. also it is designed to dampen player wage inflation, which we have seen quite a lot of. manchester city's owner is part of the abu dhabi ruling family, and he has plowed literally billions into this club. one ththing you mentioned is thy falsified their sponsorship revenue. last year, "there spiegel -- " der spiegel" unveiled that a sponsorship deal with etiad airways -- actually, $57 million of that was being paid by shipments who are -- paid by sheik manzour or his company. anchor: this came out of the emails that have been leaked? max: city have been flouting these rule

max continues to weigh on its profits. the delays could cost up to 245 million euros but expects those costs to be offset by strong demand of holiday and flights particularly from the uk >>> mitchelin warns of 2020 operating dip. this does not incorporate any potential impact from the coronavirus. they did report a rise in 2019 operating income to more than 3 billion euros. down about 3.4%. one of the worse performers in europe this morning. >>> montclair has warned that foot traffic at the store in china has fallen below 80% impact from the coronavirus has been serious but insisteso beatg the worst performers on the stoxx 600. >>> ams reported fourth quarte e they examine the impact of the coronavirus. the group does not own any factories in china but does rely on supply chains in the region >>> a judge will clear the way for sprint and t-mobile to merge. they are confident the judge will rule in favor in the move sending shares in sprint 60% higher t-mobile is the third largest wireless carrier and has been waiting almost two years for a judge to decid what does it say about the m&a landscape on the other side of the atla

out what our reporter max mero was up to in the wausau hof naked and that minus 12 degrees in a couple of minutes. and with that icy start a one welcome to a new edition of the euro macs.

max. net profits of the french company jumped last year by mome of a1/3, but as a result cost-cutting plan to save 300 million eurosshares of aston martin has tainted by more than 10% after losses nearly doubled last year. the company sales were down by 9% in 2019, and it is worried that the coronavirus outbreak eould hurt sales in its k -- key market in china. california says that companies like facebook and instagram are free to censor content as it sees fit. case was taken by a conservative organization against youtube that flagged its videos as an appropriate.. ♪ a bright spot inin the rececentw of corporate resulul with thee frch c carmaker psa whihich maks brown's. it r recorded d record profifitr last yr anand is sharing this success with staff, offering the lower paid workers a bonus of over 4000 euros. for the automaker, psa brings good news for its employees. the group will pay a bonus of up to 4800 euros for workers who earn less than 2800 euros a month, which corresponds to twice the minimum wage. the bone is a significantly higher than the automobile intor which was 3331 euros 2018. >> save par of it a

euros versus a 66 million-year-old lost. that is a surprise to the upside. it is keeping its outlook. it is delayed its 200 million passenger target on boeing max delays. this is something we will no doubt want to discuss. coming in at 96%. estimate was 95.9. third quarter passengers, in a little better than expected. third quarter revenue also comes in at a beat at 1.91 billion euros. it also looks to extend the buyback program until the end of july. some positive headlines. course,questions, of coronavirus and other matters. the ceobe speaking to shortly. indeed, the first set of baer, they are going for it. the longer the matter of cost -- of growth at any cost. this is going to involve shifting the margins. they are going to drop their net new money target, which traditionally under the previous leadership was 4-6 percent. taking immediate action. versus will be pursued all-out growth. cost cuts of 200 million swiss francs. new targets. you have 67%. some were saying this would involve job cuts. a readjustment of the business scenario. a paradigm shift in negative rates affecting the whole world of banking. we speak to the chief executive julius ba

french regulators slap a 25000000 euro fine on our poll for making its software updates slow down the older versions of the i phone. in an out with the latest headlines. i am max geyser this is the kaiser report does anyone really remember iceland remember the banks loaned money to themselves to buyback their own stock. it's all the whole thing collapsed and the whole country collapsed. keep in mind. yes there is a lot of corporate leverage in america and it's driving stock prices higher and higher ever higher no matter what the real economy shows but no matter what all the copper baltic dry index and all that sort of stuff shows so we're going to look at china limiting down and the usa hitting mag despite what is happening and iowa and all the election stuff happening you know we have maggie making america great again we have 1st tweet for the 1st time ever there are for one trillion dollar companies in the u.s. apple microsoft google and amazon you might say instead microsoft apple google and amazon maggie all right right and remember back in iceland there were i think 3 banks and their market capitalization went incredibly high because they were engaged in

euro rally. things.e two important the other thing is if we track what is going on in terms of systematic participants in the currency market, we essentially have maxedlong. so it could be nasty if we start have a turning point that people have to step out of those dollar longs. it could be the case in the euro and a lot of other g10 currencies. alix: is your base case for that? if we havethink that further spreading in the u.s., we have the first case in california that we saw last night, if that starts to morph around the whole country, then we will have a real issue in terms of consumer confidence. the fed will probably move. i think that price action we saw today in europe could extend further and then the systematic stuff will kick in. alix: jens nordvig will be sticking with me. jcpenney's earnings are out, up over 5%. fourth-quarter earnings beat estimates. they said their full-year bitda is 5%.ii but they are still looking at full-year sales down the most, 4.5%, yet that does not incorporate the virus. they will to closing also six store locations in 2020. we will get into jcpenney in the next couple of hours. begin our title is here with new

max. this gtv chart on the bloomberg shows how the dow jones in just euro transport average has -- dow jonessport average has close. it leads to concerns of what could happen economic growth. why do you think the v-shaped recovery could be shower then a lot of people are assuming? max: what we have so far as what the sequencing was before the coronavirus outbreak, people were saying that we had this enormous easing of financial conditions and 2019, and that will help to drive actively -- activity globally higher. if you look at new orders minus inventories, if you look at those lagging indicator, you put them into one and combine it into a cycle indicator for the u.s. all we have seen so far is trough thing in the green shoots. before the outbreak, probably the most mentioned words with the reports of green shoots that were bottoming. it was the first good sign, but it was not a v-shaped recovery. it was not what people were buying in 2019 because they were saying, we have this great easing globally going on, and this will go to much better activity. this will go through activity of pmi wil