this is the best day for lvmh by sixn over a year, up point 2%.to show off strong profit, despite the weakness in china. they managed a 16% uptake and profit with a 5% of take in sales. all are doing very well on the fashion front and the u.s. this managed to offset the side,ss for the booze when cognac is not doing so well. umoy is downfort 8.5%. day sinceeir worst 2009 for the power company in finland. overall, fourth-quarter sales and operating profits are not where they were expected to be. guy: let's get back to the pharmaceutical sector. fourth-quarter profit earnings missed estimates. welcome the company's ceo. stoppedet trade just aggressively this morning. was that an overreaction? >> the market decides what the market wants to do. i have seen a big focus on fourth-quarter numbers, but you should not reacd much into quarterly numbers. the projection is right on track. it is merely a rebate adjustment. jonathan: just in terms of the , which isn drug expected to be a $2 billion blockbuster by 2020, where are you with that? >> we are having

also looking at lvmh shares. they've defied expectations with a 12% rise in fourth quarter revenue as resilience in europe, japan, and the u.s. helped offset weakness in china. the ceo of the world's biggest luxury group says customer traffic in france was almost back to normal following the paris attacks, which had led to a 50% drop in sales. he also added he was more optimistic about the outlook for household spending in china. this will come as good news. we've seen a lot of brokers, analysts warning on the impact china will have. >> someone not defying expectations is ferrari. shares there recovering after a steep fall overnight. the carmaker put the brakes on its guidance as fourth quarter results met expectations in its first report as a standalone company. claudio joins us from milan. they met expectations, but they're looking at sales rising, what, 3% this year? >> yes, it's a 2.9% rise they're expecting for 2016, which is one of the reasons probably why the share was hit so hard yesterday in trade, along

and lvmh soaring today in europe after the luxury goods maker reported strong results on tuesday. fourth quarter revenues rising 12% as the company shows signs of resilience amid the weak global economy and after the terrorist attacks in paris. the ceo says traffic at its stores in france, which account for about 10% of total sales, are almost back to normal, and all of this for lvmh despite the fact china is slowing down. they say sales in the u.s. and europe helped offset that china weakness. >> some good news for here. chipotle shares are going to be big movers today. tumbling this morning as the burrito chain struggles to wrap up the food safety issues that started in october last year. executives had warned of a messy earnings quarter in the fourth quarter. that cleanup is worse than wall street expected. landon dowdy joins us with more. >> that's right. chipotle beating fourth quarter earnings expectations, but shares tumbling in after hours amid the news that the company is now the subject of a broader criminal investigation following its food safety scandal. the burrito ch

shares in lvmh have jumped after a reporting earnings beat estimates.rofit advanced 16 percent from 6.6 one billion good salesather exceeded expectations in the final quarter. yahoo! fell and extended trading after saying it is considering strategic options for its web business and cutting 15% of its staff. the company says it will devote more resources to increased user engagement. marissa mayer is forcing -- facing calls to step down as active as investors question her strategy to boost growth. we will speak to marissa mayer at 2:30 u.k. time this afternoon. francine: now, germany's angela to londonads tomorrow. as she comes under pressure at home to stem the -- crisis. the instability could threaten a fragile recovery across the region. let's go straight to hans nichols in berlin. hans, where does angela merkel stand ahead of her visit to london? hans: her position is tenuous. not within her own party, in part because wolfgang schaeuble has backed her. know whether or not her proposed solution is going to fly with her rank-and-file. the sbd, her juni

saysuxury goods maker lvmh watch and jewel sales rep phil but still were more than expected.ow time for the bloomberg quick kick from where we provide the context and background on issues of interest. today's topic to come within south america, argentina is known for writing its own rules. a new government has taken over and thrown at the previous playbook. he was one in us president in december and quickly took action on promises that were meant to jumpstart argentina's ailing economy. the first of his living currency controls. central bankers have put up after the move. there is back up for you. argentina has seen its fair share of economic whiplash. in the 1980's and 1990's, the government was unable to rein in spending and borrowing soared. a recession in 2001 cause argentina to declare the largest debt default in history. a new government in 2003 was able to ride the commodities boom and dig the nation out of some of its debt and free up money for spending in the public sector. all of that has ground to a recent halt in years but there was another debt default in 2014 an

speaking of europe, high-end consumer not bad, lvmh had a 12% rise in fourth quarter, leather strong,e, cognac. that chart held up well. swatch didn't. this is why it's confusing. swatch did not report good numbers, that stock has had a tough time of it. i watched eaton, they beat good numbers, but aerospace strong, but reported weakness elsewhere around the world. this is a typical chart for the big global industrials. we have an ipo, but editas medicine did price last night, the price talk was 16 to 18, this is that bei gene technology, there are some questions about patents, but this is the first ipo since the middle of december. bei gene is another one. >> i'm glad we timely got an ipo. it's been six weeks since we had one. frigid start to the year in the markets. thank you. let's head over to the bond pits and check in with rick santelli. rick? >> good morning, kelly. the first place to start is a lot of the action we've seen in treasuries of late correlates with what's going on in ekties and the value or appetite for risks. there's other variables. the bank of japan put a penalt

unileveller, lvmh, lorial, not down significantly.rs in the u.s., led down by tech and all the software names weak on friday are weak again. goldmans down, jpmorgan, all of them down about 3% or more. energy names weak. oil is down. barron's had negative comments on energy. that's not a typo, chesapeake, david has been talking about that this morning and the issues surrounding that name. diamond off shore scrapped its divide dividend. we had conoco scrapping its dividend last week. conoco had 8% dividend yield, diamond offshore had a 2.5% dividend yield. a savings of about 69 million. revenues of $1.7 billion. significant savings for them. they had $130 million cash on hand and they still cut the dividend to nothing. that's a sign that they believe oil will remain lower for longer. that's the team we've been seeing. there are consumer names, this happened on friday as well, i put up sathe same four consumer names, they were down about the same on friday. home depot, starbucks, nike and under armour. keep an eye on that 1812, that janu