nokia to the upside.pretty big days this the youer the ft saying k's national cyber security center issued a public warning ei before they can be used for british networks. u.s. officials were asking allies to stop buying equipment. this just means more good news for nokia and ericcson. anna: watching how the geopolitics rubs up against the corporate world. fed reserve officials in signaled a more flexible approach in their gradual interest-rate increases after a likely december hike. this is in the minutes of their november meeting. a rateticipants agreed increase was more attention. but language for further gradual hikes may need to be modified at coming meetings. kokou agbo-bloua, global head of flow solutions at socgen is still with us. take us into your latest fed thinking. are we at an inflection point where the fed hasn't hit the pause button yet because maybe one more, but will they hit pause fairly soon into 2019? desley: our house view -- kokou: our house view is the cycle will end in q1 of 2020

company nokia a constantly checking jaring the test phase how fast the five g. signals are and how reliable and the experts also have to keep an eye on how secure the network is for the whole from the. fusion is that starts with a physical security devices have to be integrated in such a way that no one can say go up to a traffic light with a flash drive and hack it that can't be allowed to happen and five g. has solutions for that and then says i.t. security for passwords to fire walls all of that's critical and five. for now this is just a large scale field test that many here hope that five g. intelligent traffic lights will make the next congestion in the port and apart from such lighthouse projects experts are calling for a well functioning nationwide wireless network. there are serious differences in some areas we can apply very sophisticated solutions in other areas. i can't even say the network is slower it's hardly available so basically there's no access to wireless networks. the port of hamburg is determined not to fall behind in the digital race ther

joining us now, the ceo of nokia.going to make your targets even though the third quarter wasn't where analysts wanted it to be. >> the third quarter was solid we feel confident. >> the analysts were wrong about the third quarter then >> it was pretty solid because we came back into growth >> but was it in line with expectations with yours but not analysts. >> yes >> okay. the move from 4g to 5g, where are we are >> it is really start iing soon starting in the u.s. is the first market japan, south korea will come next the rollouts begin in 5g, launches next year >> will there -- in terms of the size of your workforce, was it too big? is the transition to 5g taking fewer people what's the rationale you'll save 700 million euros by 2020 but how are you able to do the same thing with fewer employees? >> so, we're a leader in the network business so the first phase of the merger was all about elimination of duplication. now we're in the sect phase which is about optimizing the company. as we get into 5g. >> so there's sti

clear simple and no frills that has been the key to the finnish restaurant riving told the nokia for many years chef. cooks almost exclusively with products from finland now and this includes of course fish and meat of all kinds such as reindeer moves pork beef and wild duck for our card he's prepared something for us in keeping with the changing seasons so roast a wild duck legs in finnish butter with a mushrooms and braised punkin are on the menu for today enjoy. the president or no knocker restaurant has been located right on the old harbor in the center of health sinky for many years the local simply call it. how do you do who has been head chef here for seven years. and knock knock why is there support of this this aura in helsinki not question me in. the restaurant specializes in finish this is the team led by forty four year old rua who prepare what is called new finish cuisine. i want to keep it like a rose on a on a on a nature more not too much like a bling bling things on the plate on a lot kind of simple afford but very good mother in. finland has plenty of woods and wate

i have a 98% nokia ratio. —— knockout every fighter.eeling a little scared. i am a very relaxed person. i don't get very nervous about fighting. it isjust person. i don't get very nervous about fighting. it is just another boxing match. i've been a professional ten years. i need to wa nt professional ten years. i need to want all of them. all of them are important. it is another step along the way. i know one thing. i get people what they want to see. knockouts. i do it consistently. and idoitin knockouts. i do it consistently. and i do it in devastating fashion. come saturday night, i plan on doing the same thing. in a devastating fashion. both men suddenly confident. the british fans are looking ahead to this with a great anticipation, what is the atmosphere like over there at the moment? do you think the public is looking forward to it? aleksei sports fans, a lot of excitement. when i arrived here, i was going to immigration, they actually what i was doing and i said to cover the fight and he kept me there for a few minutes talking t

of food clean simple and no frills has been the recipe of success for the restaurant ravin told the nokia in the finnish capital helsinki the head chef there cooks almost exclusively with regional produce now this includes of course fish and meat of all kinds or for today's cart he has prepared something in keeping with the changing season hearty roast wild duck legs cooked in butter and served with a brace pumpkin are on the menu so one of fifty. it evident in the knocker restaurant has been located right on the old harbor in the center of health sinky for many years the local simply call it. how do you do who has been head chef here for seven years. and knock knock why is there support of this this aura in helsinki no question when. the restaurant specializes in finnish dishes the team led by forty four year old rule who prepare what is called new finish cuisine. i want to keep it like a rose on a on a on a nature more not too much like a bling bling things on a plate on a lark kind of simple afford but very good moderately. finland has plenty of woods and water being close to nature is

. >> caller: boo-boo-booia your thoughts on nokia >> can it go up? absolutely is it a bad stock?is it high quality no and i think you need high quality here harry in florida har? you're up har. >> caller: what's up i don't know what's up with you >> caller: just wondering, what's going on with jci >> it is not a great stock so many other industrials that are doing well and their stocks are struggling. let's stay away from that one. steve from california. >> caller: booyah from ren dondo beach. we bought wwe. we love it but is it time to buy more >> yes it was up today. it got a great business. it is really, some of the -- it is entertainment that was introduction introduced to it i am going to olie in florida. >> caller: i wanted to ask about the geo group. >> i don't like the private prison thing i think you have to go with other stocks let's go to jared in wisconsin. >> caller: cram-bonie my man stamps.com has been dropping like a rock for two quarters now. i looked at the third quarter results it doesn't look that bad. and can it be bought >> i spent a weekend trying to analyz

nokia and microsoft all fell and apple stock fell and the economy is actually doing well, but the latest reports predict the fourth quarter will be less profitable. >> we are in a slow growth economy. if you understand it's slow growth and you make your money slowly over a period of time you'll be okay. >> retail had disappointing forecasts, target and t.j. maxx and kohl's reported weaker than expected, there's been 5% drop in the oil, there's concerns over tensions with china. ith china. >>> we continue to follow the latest developments surrounding the camp fire in butte county, it grew slyly overnight and has burned more than 151,000 acres. that fire is 70% contained, full containment is expected by the end of the month. search teams found two more victims yesterday. that bridge the numbers to 79 for the people killed in this fire. 700 people are still reported missing. the number of homes destroyed stands at more than 12,000. evacuation crews are monitoring the situation as the storm is making its way into the area. a flash flood watch is it in the burn zones, starting friday afternoo

shares in nokia and ericsson have risen on the back a report that the u.s. is pushing allies to shun huawei these are all nations that host u.s. military bases and plans to boosttelecoms aid that don't use chinese technology are being considered >>> the chinese yew cuan softeno the back of data that the central bank spent more of the currency last month. the chinese yuan has lost over 6% against the greenback so far year to date we are joined once again by steven saywell from bnp paribas. all eyes are on the g20 summit coming up. give us a sense of how investors are positioned in terms of fx going into this event and where do you see the yuan going if we do see a resolution on trade >> really good question. again, i refer back to our positioning monitor at bnp paribas. what that tells us is the single largest long out there is the dollar that's very intuitive given what's happened as far as price action is concerned. when we have trade concerns, our view at bnp paribas is that tens to benefit the dollar. that's why the dollar has done well this year however

the likes of ericsson and nokia have been mentioned. let's take a look at the downside.companies under pressure this morning, down by 10.7%. ge a group down by 9.9%. we had an update from them this morning. that may explain some of the weakness. also the weakness in the oil price having an impact. we seized some oil relating businesses trading weaker this morning. let's get a first word news update. debra mao has ever us in hong kong. spain's prime minister says he will vote against the brexit deal is no changes are made over the issue of gibraltar. leaders from the eu's remaining 27 countries will meet on sunday to give their blessings to an agreed-upon principle. it is a vision for close economic ties and hans theresa may some key political wins. renault and nissan have reiterated their support for their alliance despite the firing of carlos ghosn. paris and tokyo have strong backing for what they called a winning cooperation, with nissan's ceo also telling the press that stabilizing the current structure is the best way forward. the nissan board voted unanimously to d

and it was at the nokia theater, which is enormous. >> jimmy: yeah. >> but i got on stage.dience freaks out. i was like, "oh!" >> jimmy: yeah. [ laughter ] >> they think it's really lady gaga. >> jimmy: oh, no! >> i was like -- the music is like -- all the sudden i was like -- ♪ rah rah rah rah rah ♪ [ laughter ] and couldn't stop. oh, my god. they're going think it's lady gaga. they're in for it. >> jimmy: yeah, course. >> and i was like, really, just kind of post my second child so it's not as cute. i was like the curtain starts coming up and i was like -- ♪ rah rah rah rah rah ♪ but for a second in that, like, roar of that audience, i was like i felt like the most porful person. [ laughter ] >> jimmy: just for one second. >> for one brief millisecond. >> jimmy: of lady gaga's life. >> i felt gaga, and i was heke -- >> jimmy: you feltower. >> it was so powerful. and then, it turned to laughter.or but it was second, it was so powerful. >> jimmy: wait. >> i'm so excited to see her in this movie. >> jimmy: "stepbrothers" with will, right? >> yeah, yeah, yeah. and john c. rei

container ships made of steel that partially blocked the signals that's why the port authority and company nokia a constantly checking jaring the test phase how fast the five g. signals are and how reliable and the experts also have to keep an eye. on how secure the network is. that has gone down from by a few seasons that starts with physical security devices have to be integrated in such a way that no one can say go up to a traffic light with a flash drive and hack it that can't be allowed to happen and five g. has solutions for that and then says security for passwords to fire walls all of that's critical and five. for now this is just a large scale field test that many here hope that five g. intelligent traffic lights will make for less congestion in the ports and apart from such lighthouse projects experts are calling for a well functioning nationwide wireless network she does and there are serious differences in some areas we can apply very sophisticated solutions in other areas we can't even say the network is slower it's hardly available so basically there's no access to wireless network

consumer electronic companies that have failed is long the bone yards are full of great names, the nokia, motorolas. i'm not saying apple is one of those. can this stock go to a $12 or $13 p/e? >> it's there. >> i can't say enough as an investor why in the world would you take information away from me why would you do that? and are up not getting punished for it yes, you are and so the message to the company, and i'm just a single investor, but it drives me crazy when you have a business model based on trojan horse sales on phones and you take that data away from me i have no idea what will happen next quarter i don't know if they're selling more or less phones. they won't tell me you're paying for that mistake in a big way billions of market cap being erased you find an investor that thinks what they've done is a good idea >> the idea the faang trade is over and the market can't go up, even come close back to record highs without the faangs, do you believe that how are you investing and trading? >> can we knock on some wood around here? >> i hope so what's interesting about apple compar

we have strong reports out of nokia and ericsson, better than expected, that could be a solid sign forvice provider order growth. if you take a look at the chart, it is a five-year chart and overall, we see a nice uptrend including the volatility back in 2015 and 2016, but right now these chairs are doing a lot of what stocks are not doing. hugging that 200 day moving average. if it holds, we could see the stock go back toward this year's highs. perhaps more likely down toward the 41 dollars per share. maybe it consolidates back down to the five-year uptrend. scarlet: as soon as the numbers break, we bring them to you. thank you. oil is snapping a record long losing streak 12 days of decline. we see oil higher. energy stocks little changed now on the day with a little bit of a rollover in the last few minutes. lou joins us now. this is interesting. withy stocks had fallen oil prices. but not as much. now that oil is recovering, they are also failing to catch up as well. >> i think that is the case. banke that it links into weaknesses and a lot of major oil producers hedge around fit --

samsung, nokia, ericson, are all providing equipment for u.s. 5g deployments and helping us lead the world in 5g. i'm excited to see that companies are taking note of the u.s. as a market and continuing to push forward. we're seeing companies like ericsson and others announcing they will be doing more of their manufacturing and assembly in the united states, which we think is not only good for american national security but good for the american economy. more jobs from the 5g economy is good for the country. >> what i was going to say on that, you mentioned earlier about these a pent advertiseships that come out of the department of labor. in my previous role in the multicultural media telecom council, we partnered with the association to actually start apprenticeships. that way when these come to the united states, you'll have a labor force. we need to make sure these apprentices actually stay active. i'm going to go to the gentleman in the green shirt. okay. >> thank you. my name is ian stanford. i'm with the u.s. postal service, inspector general. one of the things you addressed t

samsung, nokia, erickson, are all providing equipment for u.s. 5g deployments and helping us to lead the world in 5g. and so i'm excited to see that companies are taking note of the u.s. as a market and continuing to push forward. you know, we're seeing companies like erickson and others announcing that they are going to be doing more of their manufacturing and assembly in the united states. which we think is, you know, not only good for american national security, but good for the american economy. more jobs from the 5g economy is good for the country. >> that's right. what i was going to say on that, you mentioned earlier about these apprenticeships that come out of the department of labor. in my previous role with the multicultural media telecom council, we partnered with the national urban league and the wireless information association to actually create wireless apprenticeships so that when a lot of these jobs do come to the united states, in a very meaningful way, you'll have a labor force. so i think, again, i'm glat that you mentioned it because we need to ensure that these

federal reserve for nokia, hank paulson wok until the present of the united states by 5:00 this afternoon by close of business. we need $1 trillion cash and solution. if we don't get it, the american financial system will implode and 72 hours in three days after that and we will have global anarchy and chaos. the greatest enemies of the united states, mussolini, hitler, the soviet union, al qaeda, osama bin laden. nobody has ever brought the united states to its knees like bad day. who did that? who's responsible for that? the populace donald trump? no, the elites. the financial, the corporate, the permanent political class that runs washington d.c., that is who did it. what was their solution? to. create money and build themselves out. on the day that happened, the ballot should federal reserve was $808 billion. when donald trump took the oath of office january 20, 2017, it was $4.5 trillion. just like the bank of tokyo, european central bank party at dallas, the elite felt themselves out. the biggest gap in history you can underwrite a bond in the united states because you'll make up fo

it's not going to be another nokia but i think apple stock will find a floor and be at lower levels thanore. forcine: he stays with us the hour. up next, we talk brexit. just two weeks until a vote on theresa may's deal with the eu. what is the market expecting? we discuss that next. this is bloomberg. ♪ >> i think the market by large still expects there to be a deal. brexite truly was a hard that was devastating, i think the markets would react negatively. that was the chief executive of oak hill advisors talking brexit. let's get straight to the bloomberg business flash with taylor riggs. k touras cook, view operator, suspended its dividends. it dropped the most in seven years after it says the summer travel season was ruined by unusually hot weather the cap travelers at home. the company was forced into heavy discounting that lasted through the holidays. --y hope their final results they say their final result of the around 30 million pounds lower than previously guided. president trump is pressuring general motors to move production back into ohio after closing the facility as part o

billions of dollars worth two big suppliers like nokia and ericsson.ey to get these policies in place before those orders get placed by the carriers. francine: thank you so much. let's stick with the relationship between the u.s. and china. havedents trump and xi both indicated their ready for the highly anticipated summit in argentina next week. joining us now is the cohead of s affect thatet goldman sachs. as long as these reports on cybersecurity stay, does it make it more difficult? i think the relationship between china and the u.s. is a multifaceted one. there are tensions and a number of different places. i would say i think one should be reasonably cautious about the chances for any big breakthrough at the g20 summit. when you look across asset markets, a lot of china related assets are pretty downbeat. the relationship with the u.s. is one important asset, but china's growth is another important feature we are very focused on. china's growth is probably getting to levels that are pretty low or intolerably low for the regime. the kind of suppor

companies fall, they fall because somebody else makes a better product if you look at blackberry and nokiaassive market share that got eaten away by the iphone until we see a shift in the way people use technology, longer refresh cycles on iphone don't care us. >> longer refresh cycles yeah just because as a user, i'm fine with the one i have. i don't want new features, but my battery is starting to -- i'm below 90 now, sorkin >> your battery health >> my battery health is not great. that would prompt me to say i need a new one >> what model are you on the 6s >> iphone. >> you're on the iphone model? >> made by apple >> i think an 8. i think it might be. >> i would say after a year or two, i'm down to 90 or 85. >> so there will always be a refresh cycle. tim you point out that it coul ab longer refresh cycle. you think it's a coincidence that they stopped with the unit sales and here we are a month later and we're talking about whether there's a problem with unit sales >> i think the timing is probably a good idea looking into next year you're going to start to have people hold off on purc

reason to believe they would live to see slavery destroyed and a new constitution crashed it out of it, nokia happen. it happened, but then he lives 30 more years to see that very victory, those causes and constitutional amendments, civil rights acts all but wiped out or erased by the supreme court, by terrorist violence and by a politics that could not and would not preserve it. the trajectory of his life covers of most of the 19th century. it covers the greatest transformative event in our history: the civil war and it covers a great story of from slavery to freedom, which we still in summary ways are living we are still every day fighting over how to define a 14th amendment and what equality before law means. a god knows they are still fighting over the supreme court. >> on that note, thank you all very much for joining us. [applause]. before you leave i went to remind you we have the book for sale in our smith gallery. a david will be signing book out there. a very warm thank you for moderating tonight's discussion. there so much love to cover and i also want to make sure i make a really