joumanna, back to you in the studio >> congratulations to you.nd hearing what the rest of the week looks for you guys in barcelona. >>> coming up on the show, all of that money and nothing to spend it on. find out where warren buffett is intending to back the cash right after th bakisre e thing in comm. they read more. how do they find the time? with audible. audible has the world's largest selection of audiobooks. books like peak performance... and endurance. books that energize and inspire for just $14.95 a month. less than you'd pay for the hardcover. with audible, you get a credit-a-month good for any audiobook. if you don't like it, exchange it any time. no questions asked. you can also roll your credits to the next month if you don't use them. audible members use the free mobile app to listen anytime, anywhere. ...on the go... or in the car. the audible app automatically keeps your place, no bookmarks required. so you'll pick up right where you left off, even if you switch your phone... ...to your echo at home. get more books in your life.

joumanna >> thank you for that, hadley.t does appear she has a slightly more upbeat analysis to the rest out there head to cnbc.com for more why christine lagarde sees the market correction as a, quote, welcome event, i'd like to bring in jimmy comey let's take a look at what christine lagarde said that it was a welcome correction even if it's welcome, do you think it's healthy at this point? >> and pretty much it was how they were positioned but certainly to a degree it's ca cathart cathartic. and the positioning of the u.s and the high euphoria, everything is being a little extended, it's good for the market in so much as it gives people waiting to get in that the market is berated. it's not it's had an impact on earnings, but from that respect there's a little more value. >> and just the point about earnings, we're about halfway through the earnings season in europe most of the earnings have been positive are there any segments of the market that you're surprised with the upside here with a good finance opportunity? >> y

i'm joumanna bercetche and these are your headlines president donald trump slams the fbi after russiandictments unleashing a series of tweets laying blame at the agency he also takes aim at his own national security adviser with this comments. >> i'm surprised with russian cyberexperts available how underlining our democracies in the west we'd love to have a cyberdialogue when russia is sincere. >> in munich >> we must gain mutual trust for iraqis and everyone. without this, we cannot. >> u.s. investigators reportedly find software which helps cars >>> and sales gains in the fourth quarter missed expectations for the consumer. and does expect better results this year. >> good morning, everybody happy monday of course, u.s. equities did end the note on a much better week last friday with the dow ending above 25,000 mark and s&p avenue 2750 let's take a look at european markets this morning the picture is mixed roughly 50/50, as lackluster stock and stoxx 600 in line with u.s. equities did end the week up 3.2% and that was the best week since early december >>> switching to individuals,

joumanna bercetche joins us from outside the bank of england this morning. we heard about a flattening of the yield curve what do you expect today from this nine-member committee? >> so today, as you know, the big fireworks happened back in november they hiked the first time in a decade, so nobody is expecting a hike to come out of today. a couple things to watch out for, the split on the committee. there's expectation that you may see two dissenters, michael sanders calling for a hike at the meeting and that would send a hawkish expectation into the market it is priced at 60 probability of a rate hike that seems high. we'll have to see if the language justifies some of that hawkishness. and november priced for about 80%. just looking back where we are today versus back in ovember, the market had two hikes priced in over three years, now we're looking at three hikes priced in the question is whether or not they'll give a signal as to whether or not that is justified. where the signals will come from will be in their inflation forecast as a reminder, back in

i'm sri jegarajah. >> i'm joumanna bercetche. these are your headlines >> equities thrash about in choppy waters. financial and utility stocks lead the decliners >>> europe's moves following a choppy day on wall street. the dow slipping into correction territory and wiping out some $5.2 trillion in worldwide markets. >>> amundi is among the worst performers in the stoxx 600 even as results beat consensus. many analysts worry the forecasts are too conservative >> we are in this period where we don't know who will be the faster, economic growth or the question of overvaluation linked to excessive debt. >> the u.s. government shuts down after congress misses the midnight deadline, but it could be short asthe house votes on two-year budget deal for federal funding following the senate passage of the spending plan >>> welcome back let's look at these markets. the s&p 500 is in correction territory, it's had its 10% correction, but the stoxx 600 is taking all of this volatility in stride it's off by just 0.4%. the question now for thes

the last week bitcoin fell sharply sinking below $8,000 for the first time since november >> now joumannans us around the set. what else is there to talk about. and a number of issues in the financial market it's and the broader economy in europe. and the broad gist is that he didn't really think cryptos have much merit >> well, that was part of conversation we've had $4.4 billion for last year, that makes them the wealthiest monarchy and i'm curious to see how they've managed to secure these after a long time. it goes as far back as 800 years. the way they allocate is not of course that they own a lot of land, really estate palaces, that sort of thing, the sort of things you associate with royalty. but he said that the key to keeping the wealth secure for such period of time is one luck. he said they were lucky. but also diversification at that point, i is said how do you feel about diversification he said historically, they have the real estate aspect that i mentioned but then they're also involved in financial services, they own a bank and an asset manager. and manages about $150 billi

i'm joumanna bercetche these are your headlines >> european stocks trade in the red but avoid the sharp losses seen in asia >>> the chips are up for dialogue semicon duck ducsemico. revenue jumps 30%. >>> and bayer says a dip in fourth quarter earnings as crop protection takes a hit on results. >>> and man group rakes in the flows in 2017 seeing a 35% jump in funds under management and helping it swing back to profit. >>> well, it's been a volatile month for stocks around the world with the dow and s&p on pace to break a ten-month winning streak chinese indices sold off sharply in february. the shanghai composite dropped 6% in the month. the csi 300 lost nearly as much in its biggest monthly fall since 2016 you can see greater china stocks extended losses after chinese manufacturing activity hit a 19-month low in february reviving fears about a slowdown in the world's second largest economy. the beijing manufacturing pmi came in at 51.3. a shutdownies during the lunar new year holiday contributed to the slowing business activity. most of those indices are down 1% china chi speaking to c

that's it for today's show i'm joumanna bercetche "worldwide exchange" is up next.e use our phones and computers the same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. >>> buckle up. dow futures are pointing to a triple digit loss following yesterday's 410 point gain what you can expect from the wall street roller coaster rird. >>> and whalgreens is set to mak a buy. >>> and making america work again. new details on president trump's budget and his bet on fixing america's prinfrastructure it's february 13, 2018, and "worldwide exchange" begins right

i'm joumanna bercetche these are your headlines lloyds pretax profit hits a record but comes in short of full-year forecasts. >>> shares trade higher as the british bank unveiling a 1 billion pound share buyback. >>> glencore's revenue comes in at 20 5 billi$5 billion they reduced net debt by $3 billions >>> and shares are in the green of orange, as they report their first annual home market revenue rise in anyone years. >>> and headwinds for iberdrola. the stock sees red after full-year earnings miss expectations failing to offset a proposed dividend increase i will speak with the chairman at 11:00 cet >>> all right. it is pmi extravaganza this morning. we already had pmi numbers out of germany an france both were disappointing. just getting in the flash composite pmi numbers. let's look and see where those came in. the february composite flash pmi came in at 57.5. the forecast was 58.5. we have another miss here coming in it's not that surprising after what we saw coming out of germany and france a bit earlier. so definitely the numbers have begun to drop a bit. we're seeing that in

joumanna bercetche has been speaking to the ceo of bnp paribas. and let's look at the currency markets. the dollar seems to be attracting something of a safe haven bid. dollar/yen, 1.09 the euro just above 1.24 we'll be back in two minutes some air fresheners are so overwhelming, they can... send you and your family running. introducing febreze one for fabric and air. no aerosols. no dyes. no heavy perfumes. it cleans away odors for a pure light freshness... so you can spray and stay. febreze one, breathe happy. we know life can be hectic. that's why, at xfinity, we've been working hard to simplify your experiences with us. now, with instant text and email updates, you'll always be up to date. you can easily add premium channels, so you don't miss your favorite show. and with just a single word, find all the answers you're looking for - because getting what you need should be simple, fast, and easy. download the xfinity my account app or go online today. >>> welcome back to "street signs. intesa sanpaolo reported strong earnings in the fourth quar

joumanna bercetche joins us now. i want to ask about growth where is this company going to find that growth it's been talking about? >> exactly that's the million dollar question look, if you look at the numbers, you pointed to some things and the fact they di disapointed on the top and bottom line. the company grew at a pace of 2.9% in the year before, and in the past they had given guidance of growing 3% and 4% so they missed on that point i sat down with the ceo and asked where the growth will come from in the future and what is the strategy >> all categories contributed to positive growth. when it comes to specific highlights for 2018 and beyond, we expect our growth regions like asia pacific to maintain their strength we expect our growth categories such as water and coffee and infant nutrition to maintain high growth levels or resume high growth levels specifically in the fourth quarter we have seen some spots of weakness. >> which categories will be less of a focus going forward >> we remain committed to all o

i'm joumanna bercetche these are your headlines >>> the sky is the limit in the media bidding wars comcast puts $22 billion on the table for sky sending shares to a 17-year high the comcast says he is open to co-own the pay tv company with murdoch or disney. >>> persimmon pretax proof rises 25% dragging the rest of the building sector higher. >>> standard charter trades higher in hong kong after pretax profit jumps 17 5% beating forecasts. >>> sky shares rallied to a 17-year high on news that comcast entered the bidding battle the u.s. cable giant unveiled a 22 billion pound offer this morning representing a 16% premium to the dealready on the table from 21st century fox. because both companies create and distribute content, it is said the combined group would be stronger than if 21st century fox takes full ownership of sky. however he says he is willing to co-own the company as long as he has a 51% stake. lots of ins and out. steve, what can you tell us? >> a lot of analysts have been looking at this one for a large amount of 2017 comcast is the owner of this company, as you said we want

joumanna is in zurich this morning. what possible justification does the company offer for raising its dividend >> good morning. so they would say they're starting from a position of strength starting from a strong capital position, despite the hit that clearly the 2017 natural catastrophes took on their top line earnings. they said in total all those natural disasters together have had an impact of 4.7 billion in terms of total claims, which explains why the net income number dropped significantly from 2016 to 2017. that being said they did stage a turnaround from the third quarter earnings to q4 and ended up positive. so that is some of the justification for raising dividends, and also announcing another 1 billion share buyback program. also people are looking for further clues on the softbank partnership. a couple weeks ago there was a report that came out that softbank were thinking about buying a 10 billion stake in swiss re they have confirmed they are in discussion with softbank and the board of directors is asse

activities in 2018 with net revenue in global markets estimated to have grown around 10% year-on-year joumanna bercetche, i want to talk to you about some efforts the bank has been making to transform its business wealth management seems to have done quite well so far >> yeah. absolutely this is part of a transformation plan that mr. thiem introduced a couple years ago he said we're through 85% of the process when it comes to hitting revenue targets, about 75% of the way through when it comes to hitting cost targets in terms of numbers, they gave guidance back in november as to what we could expect from each division, and they came in line with the guidance in november. so no big surprises there. of course the tax writedown was widely anticipated digging many deeper, if you look at market revenues in the fourth quarter, they were down, that is in line with most other banks, u.s. banks, european banks on the back of the low volatility environment that pisexisted then it looks as though things have started to pick up but of course credit suisse has been in the news for that inverse vix product.

i'm joumanna bercetche these are your headlines >>> investors buy into barclays dividend plan. the stock rallies despite a full-year pretax profit miss as jeff staley tells cnbc why the bank has been able to raise shareholder payouts. >> as recognition of our confidence about where we are with capital and our ability to generate earnings we are more than doubles our planned dividend for 2018 versus 2017. >>> deutsche telekom investors sell down on a slight earnings miss despite the dividend hike >>> a better connection for bouygues >>> and the fed sparks a fresh bond market selloff with janet yellen's final minutes pointing to a more hawkish rate hike approach, amid an improved economic outlook >>> we are just getting the german ifo data out. expectations came in at 105.4 in february versus the consensus forecast of 11 110. -- 107.9 the business climate index came in at 115.4 versus a forecast of 117. all of the components of the ifo seemed to have dropped here. that's coming off very, very high levels back in january. we had high levels back in januariment ty men january. the