actually, we're tending to be underweight those, but actually, health care, so roche and roche is a particularly strong given fact that grieve yas has been a stronger performance ever drugs. it's got that as well. health care is a sector, and you're tapping not into today's long-term demographic forces, but it's also a sector as we're entering the latter part of the economic cycle, you want be to shifting away from more cyclical sectors into defensive sector health care >> are you bullish on where european equities are being held it's been a difficult 12 months as a whole are you getting any indications out of the earnings that last week or so that things could be looking better in the next few months >> we're still relatively cautious on europe we think if we are moving late cycle, regardless of what the q4 earnings are looking like, actually, the -- looking at 2019, we're looking at low to mid single digits in terms of earnings actually, that's even with 12.5 times forward pe's that's not looking hugely attractive to us >> we'll leave it there for now. deputy chief investment officer at brooks

at chief executive officer roche joins us. old guard, rally for the new peten take. -- potentate. welcome to the show. with are very pleased 2018. the growth was entirely driven by our early launch. this trend to continue into 2019. we will see growth and we will see growth from newly launched medicines. london.ood morning from i'm going to get straight to it and ask whether roche will use any legal means to blunt the onset of similar competition in the u.s. for those three drugs. >> hours certainty is around innovation. our strategy is to move the standard of care. that's what we do. you see the growth we are having now. of course, we also defend intellectual property of our medicines, but the strategy is around innovation and it is about moving the standard of care. manus: let's stick with that u.s. theme. the shifting landscape in the u.s. health care is incredibly important. two years into the trump administration, are you seeing less pressure on pricing? what is your plan? what is the roche plan in terms of trying to get

roche is another one out earnings that is up, .9%.better earnings per share than estimated by analysts in a bloomberg survey. as far as losers go, we do see an ex-dividend play out you can see it down 3.5%, because that is first day you can buy the shares. also see nokia, another earnings disappointments down 6%. 1.5%, soas well off weighing on the stoxx 600. do you see there in terms of european markets? where opening higher across the board and getting more gdp numbers out. anna: the big picture story is around the fed european equity markets opening higher. delivering gdp numbers, growth accelerating more than forecast, so that is the spanish angle. bright spots amongst the gloom in terms of european data set. that follow signals from the federal reserve that it could see further interest rate increases. . jerome powell outlining the reasons behind the move. >> the u.s. economy is in a good place and we will continue to use monetary policy tools to help keep. despite this positive outlook, over the last few months, we have seen cro

same story on its front page, slightly different take though, and focusing as much on the gmb is tim roche, so he got a phone call from theresa may as well. yes, so he was less positive, but the it sounds like you didn't reject the overture outright. but, he, apparently made the point that his members would prefer a second referendum. so i might let mccloskey, and many members on the second referendum. there is pressure on the leadership over that. but, mr there is pressure on the leadership overthat. but, mr roach there is pressure on the leadership over that. but, mr roach feels obviously that he can come out and say it much more openly that that's what they would want. and you know, it's something which is an ongoing problem for labour. in its relationship with the unions, but more widely, because of course it's membership is so in the favour of a second referendum, it's predominantly remained, many of them represent seats which vote in constituencies, lots of those are one that labour wasp in election and we nt one that labour wasp in election and went backwards. potentially in the fut

the ball much to the delight of their fans the tourists lasted just three and a half hours key more roche took five wickets for just four runs so the west indies found themselves betting again reaching one hundred twenty seven to six that's three hundred and thirty nine runs aid. and that's what was sport more coming up again later for banks face he wants now is their news hour with me so robin and peter start with i'm back with more news on the other side of the break until impacts your time and your company. in the next episode of techno the team travels to the heart of the amazon. where we are now should be rain pours to investigate illegal gold mining mercury has a very unique characteristic finding the goal for a miner it's almost like magic and the technology being used to expose its devastating impact and so what we end up doing is imaging the forest in a very high fidelity stream. techno on al-jazeera. russian filmmaker andrina christoph explores how putin's russia impacts the very values of the nation russians are famous for their cultural legacy but can tradition and conservativ

roche is again or, will barton is a loser.l stocks on the losing side of the ledger, did the producers of these we down with the price of crude and helping to weigh on the stoxx 600. bp is one of the biggest losers. nestle moving up to the top space as far as biggest point reductions. it is not down as much as bp. novartis on the downside as well. even as roche is again or, novartis is a loser. the oil stocks and defensive stocks like unilever and nestle are on the downside. anna: yes, indeed. fascinating moves in these mining stocks. another thing we need to not lose sight of is the resolution we've had, at least temporarily, around the shutdown. let's get the latest. hundreds of thousands of u.s. federal government employees will return to work this week after congress voted to end the longest government shutdown in modern u.s. history. the white house acting chief of staff, mick mulvaney, warned that president trump is prepared to close federal agencies once again if he doesn't win funding for his long. joining us now, jodi

we have no change on the roche stake. that maintains something we maintain. in 2019 will also be around acquisitions. can we make acquisitions in key therapeutic areas and new advanced therapy platforms? matt: thanks very much for your time. really appreciate it. the ceo of novartis. talking about plans for the business as he continues to streamline and focus on innovative medicine. quickly want to bring you some headlines we are getting from the nikkei news agency in terms of carlos ghosn. he is saying that there was payment distortion or that his payments, the way the prosecutors are bringing them up, are distortion of reality. he says there is no doubt the -- plotwere plopped ted by nissan executives. he is fighting back against these charges that prosecutors have brought against him in japan. remember that prosecutors win 99% of the cases that they bring in japan. of next, we are going to bring you the stocks on the move this morning, including lvmh. it is a big after fourth-quarter sales beat estimates. this is bloomberg. ♪ welcome back to the european o

marking the eleventh week of protests against certain demonstrations called on the president of the roche and say he's out of touch with citizens so called yellowknife followed a day of marches around the french capital that erupted into a confrontation between demonstrators and police nigeria's main opposition party has halted election campaigning for three days it's in protest at president home of the harvey suspending the chief justice walter on a guns accused of failing to declare assets the opposition people's democratic party says the allegations are politically motivated the chief justice was likely will on any disputed results in next month's general election as he's reinstated families of anti-government protesters arrested and sadhana are demanding answers over their whereabouts hundreds of people have been detained and six weeks of demonstrations against rising prices and president omar al bashir is twenty nine year old hipper morgan reports from carphone. starts his day in the capital with phone calls and internet searches he's hoping to hear some news about his brother muslim

. >> i think for me, that's an advantage because -- >> reporter: thierry roch is a the pope. time in the same place. you don't move. >> reporter: it's a relief to go running. >> yeah, exactly. >> reporter: and as roch and some teammates demonstrated, the vatican offers some rather spectacular training grounds. >> for me running is a form of prayer. >> reporter: sister marie theo is from france. the swiss guard said that you were the best on the team. >> no. it's not true. i am the best of nun -- >> reporter: the unlikely team blended in with the thousands of runners. while there were no medals sunday, for vatican athletics, the race was a milestone. for "cbs this morning," seth doane, rome. >> had habit also serves as a good windbreaker, too, right? multipurpose. >> who ? >> who knew? i love that senator kamala harris is officially >>> this is a kpix 5 morning update. >> good morning, everyone. it is 8:25. i am michelle griego. senator kemal harris is running for president in 2020. she made the announcement on social media this morning. construction for the brrr extension sta

we learned quickly through collecting data on outcomes that the most effective of roche is to treat children simultaneously. there are staff in the field in families homes living on the sofa with the family, going to mcdonald's with the family, what's most convenient for the family to resolve whatever issues they may have. the next is requiring measurable positive long-term outcomes. there are a lot of organizations out in united states and i imagine internationally the care a lot about the fate of children. they don't necessarily know if what they're doing is actually making a difference in making a sustainable difference. we are very committed to tracking the outcomes of kids and families that we serve up to two years post when they sup receiving services we strongly encourage government agencies to look and no if what were invest public dollars and is making a difference. the 30 sustaining treatment in the community. a lot of service providers require that families come to them and come to their office, public agencies wire that also. we have a strong belief in having workers go out into

roche, novartis adding as well. hsbc the second-biggest gainer, over 1%.he more defensive stocks. banks and pharmaceuticals helping to push you up. bp, royal dutch shell, total all up. as far as the losers, swedbank earnings disappointing, down 3.5%. louis vuitton moet hennessy down 1%, daimler down 1% as well, so some of the companies down with earnings, daimler not out until thursday, but some earnings missing here, and some jockeying to get ahead of earnings coming up next week, bringing down or weighing down on the stoxx 600, which is however still gaining about 0.1%. , european markets opening very slightly higher right now. the u.k. standing out as a patch of green here, after asian stocks were mixed overnight, fears offell on the trade impact on corporate -- earnings. joining us is lucy macdonald, cio of global equities at allianz. we are not getting much direction one way or the other in stocks, but for the overriding theme, what is the most important issue to watch this week? is it brexit? is it trade talks? is it the fed? where is your attention?

kingdom, but we're hearing all caps of things about bannon, the leader of the far right party for rochend now some people like boris johnson. he's a right-wing member of the conservative party, but interestingly, in parliament this week, for the first time he used the words deep state. he is saying the deep state is stopping brexit. where does the rhetoric come from? it is the rhetoric of bannon, of the alt-right in america. society,ch in civil face-to-face, but in our social media, my goodness, we are inundated with the fake news and the rhetoric of the breitbarts .nd those info wars it is all over social memedia. and that will be unleashed if there is a new brexit referendum. amy: what is h happening now wih ireland? how is this being viewed in ireland and northern ireland? >> ok, hopefully, some of your viewers know that the united kingdom is the united kingdom of britain and northern ireland. northern ireland is a six county enclave separated off from the rest of ireland after a civil war. it has a big religious divide. the catholic community in northern ireland does not send its mp

are fromr revenues china, except some research, r&d , from global companies, like roche.tely want to see revenues outside china and at china is our major market. rishaad: how supportive is the regulatory framework? there has been talk about generics, lowering prices, policy changes. how does that affect your business materially? >> it is good. first, you see the acceleration of regular -- regulatory approval for drugs. embracecy is open to the first in class, best in class drugs, either from domestic companies or international companies. so china is part of it. it is very good. for the reimbursement reform, chinese reimbursement bureau is cutting the price more than 95% for generics. means you have room for faster reimbursement for innovative drugs, like our hepatitis c drugs. yvonne: are you going to have to bring down your prices to win these bids for local governments? that seems to be the question the market is asking? what impact could this have on sales and r&d? >> everybody globally is under price pressure him including u.s. companies. drugn innovative, curative ,