hit hard by a 4.8 billion krona impairme impairment beer volumes in all other markets grew last year and it proposed raising its dividend by 60%. we will speak to the carlsberg ceo at 11:00 cet >>> sanofi has reported a is that right drop in fourth quarter net profits and missing expectation. the french drugmaker expects to return to growth this year after two recent acquisitions and a revamped pipeline. sanofi struck to deals last month by firing a u.s. group and a belgium group. >>> snap shares have risen in extended hours trading as the social media firm saw daily active users on snapchat rise ahead of expectations during the fourth quarter that figure jumped to 187 million users. average revenue per user was higher than expected and losses were slower than forecast. arjun kharpal joins thus mous t morning in the studio. this is relatively good news >> it is relatively good news. they've been hammered by competition from facebook, stagnant user base, and the inability to draw advertisers on the platform this quarter seems to be a turning point potentially. they managed to grow the

based, swedish-- krona one of the worst performers. cable is steady at 1.3966. a drop of 60 and one minute earlier in the session. europe,oving lower in tracking the 10 year treasury yield lower by about four or five basis points. metals on the london metal exchange. cable is flat. this shows that sterling is failing to escape a trend channel as the relative strength index pointing slightly lower. a technical chart we are looking at. is it time to retreat? taking a look at euro-yen, one of the pros look at. euro-yen above the 200 day moving average, the last time it dropped below it was in april of 2017. vonnie: the president is still speaking at cpac, the conservative political action conference in maryland. he called the nra great people and patriots. he says the nation needs to strengthen background checks for guns, which brings us back to the beginning of his speech where he said nobody would take away their second amendment rights. he said that several times. now gone on much longer than anticipated, he would have been meeting the australian prime minister

i see in your reporting the e- krona being talked about. what is on the table? is going to take time to figure out. how will you figure out what will work for everyone in society? now, it needs to also keep normal cash in circulation. there may be people who don't want to. what is there for them? againstve been protests the access to cash in society and so on. guy: going to be interesting to see whether or not -- how the riksbank reacts to all this, and whether it ends up having to force banks to keep the atm's open. thank you very much indeed. amanda, our reporter out of stockholm on the cashless society that is developing quickly. here is seb salek. sebastian: siemens says it plans to ipo its health care division this year. according to people familiar with the matter, the ceo says it is likely he will use the money to help acquire companies and pay down debt. siemens says it will retain a majority stake. u.s. investigators have detected software in mercedes cars which may be used for passing diesel emissions tests. a spokesman for daimler said the documents h

krona, that is millions. we are going to speak to the ceo, rickard gustafson.e will talk a lot about buying airplanes. that conversation is next. this is bloomberg. ♪ guy: 15 minutes until the market open. one-story we will be watching is what is going to happen with sky. offer. about comcast this is a business that had been cornered by fox as well. he is saying no comment on interest and other fox assets. sky didn't get contacted on the offer until this morning. 12.50 pound a share. doesn't see any regulatory issues. it is going to be interesting how this one works its way out. they are talking about maintaining sky news. let's turn to another corporate scoring just story. -- another corporate story. aircraft andxtra is in talks with airbus. joining us now with his first interview of the day, rickard gustafson. good morning. a number of questions around capacity. let's talk about your desire but let's talk about what you are expecting this business to look like going forward. how do you expect yields to develop? there is an awful lot of capacity coming in on e

daniel: the swedish krona could do great.s 5% to go over the next year or so, a decent move. dollar-yen could really break down significantly. that is one that is very high relative to long-term equilibrium. david: what about commodity currencies like the australian dollar? daniel: we think those are much closer to long-term equilibrium levels. the canadian dollar does not need to move much at all. bank of canada and the fed are probably in sync at this point. dollar canada probably does not go anywhere over the next couple of years. aussie, maybe an upside from current levels. the big caps are versus the yen, euro, those qe currencies. alix: let's focus on the options specifically. is the good trade going to be shorting in the five and 7-year? subadra: the five looks relatively cheap. given the fact that we have sold off and there is some concession going into the auction, i would not be surprised to see what we had yesterday. concession going in and then demand coming at the level where it is at just before. alix: seven, th