siemens outperforming the market as well.utperforming in terms of share price because once again they're managing to weather the chinese storm because they are making products people want to buy, focusing in technology when it comes to siemens. they also want to be looking as health care -- at health care. one is to wrap up following philips. they just made that acquisition cd adapco. looking into getting into software focus. this is a company, too, managing to whether the oil and gas and china storm is still post sales outperforming. earnings-per-share up 46%. so good they race their overall forecast for the entire year. how long will it last is what analysts are wondering. how long will the lower euro help them, too? guy: let's get more with our guest. do you believe those guys? do you believe phillips and what they are saying? the stock is up nicely this morning. china fears unfounded. >> partly. the consumer retail sales are still running at 10%. the wages are still rising. in that sense, the concessions is the consumptio

siemens is all caps light as well. -- is on the upside as well.re worried about the macro economy and the geopolitical developments. overall, earnings-per-share are up 16% at least. jonathan: thank you, caroline. visa europe's revenue has just hit a record. here to talk more about the earnings and the future plans is nicholas. good morning and nice to see you. i want to ask you a broader question. we are living in a world with incredible financial tension. does that get reflected into anything that you do? does it lead to into a consumers think and do? >> obviously, everything impacts consumers. from a payment perspective, we don't really see that. it is just as we are winning over cash. arepayments for visa convenient for consumers. they use them more and more and therefore, our numbers keep increasing. of cash,erms of use that is something i want to investigate with you. bank ofd about the england earlier and moving toward a cashless society and what it means for a monetary policy. who else is close to this? >> i think the u.k. is getting toward

. >> siemens bucking the trend after a 42% leap in profit and issues positive guidance for the year. the ceo telli cnbc he's bullish on china. >> big opportunities in china. the gdp growth of 6% to 7% is still three to four times as much as what we see in europe. >> a and philips another leading light, but the ceo warns the sell of one division will be less than the failed chinese deal. >> hi, everybody. good morning. welcome to the program. good morning, nancy. >> good morning. >> how are you? >> very well except for this market selloff we're seeing again. >> a couple points lower right now. we were still volatile yesterday. this morning, the volatility kind of continuing. remember that we've got the fed this week announcing their latest decision on wednesday. that two-day meeting wrapping up. bank of japan wrapping up their meeting friday. maybe just sitting tight a bit ahead of that and following the price of oil. let's glance at our european markets. we're lower across the board, down by 1.5% or so. the ftse and cac lower by almost 1.5%. the price of oil, of course. >> that's rig

siemens has raised it outlook for the full year.hey are confident they can ride out a slowdown in china and a sharp drop in oil prices. they have been helped by lower than expected tax and pension payments. it is the first time their c.e.o. has raised the outlook since he was promoted from finance chief in august 2013. a jpmorgan unit will pay to resolve claims it took advantage of its status as lehman brothers ried to unfairly extract cash. s two of ment involve the three major piece s of litigation jpmorgan left over from the 2008 bankruptcy. that is your bloomberg business flash. manus: thank you very much. today marks the start of the fed's two-day policy meeting. no action is expected this month. it is all about the volatile philadelphia that is plaguing the markets. anna: the chances of hikes from less deral reserve seem likely. at the world economic forum in davos, we asked our top guest what is they expects. >> if you mean cut rates, i would be stunned. >> stunned? >> stunned. >> i would be very surprised if crease. an in >>

matt: we did not just speak to the chief executive, we spoke to the chief executive siemens. listen in to joe. >> rehab a potential of executing the program. and with that help, we can become confident that we can do better than we originally had anticipated. mark: it was a bit of a surprise, was in it? siemens raising their profit card. does this signal a turnaround after years of stagnated profits? unclear is really whether it signals a turnaround. it signals that for the moment, the ceo is confident that all of this turmoil about slowdown in with a really steep drop in oil prices, he is not fazed. through a series -- he withdrew a series of the savings on taxes and pensions and other self-help, meaning that may be there is further cost-cutting this year. he could overcome these hurdles. matt: thank you. tara joining us to verify on siemens.ke to our same cell and one is same cell on phillips. -- two are saying someone siemens and one saying sell on phillips. the dow jones industrial average of 232 points as we get some home health care products of our well.ing pretty proct

siemens also announced it would by a u.s. maker of simulation software for $970 million. j.p. morgan chase is settling a lawsuit that goes back to the collapse of its rival lehman brothers in 2008. the settlement will cost j.p. billion..42 in return, it can walk away from drained at that it lehman brothers of cash before it fully. creditors said it takes directed -- it extracted a windfall at their expense. france announced a plan to help livestock farmers. the money will be paid out to help farmers with a slump in working very prices. poultry farmers will receive a piece of the pie after an outbreak of bird flu. givellows an initiative to farmers tax rebates and support for investments. hispresident of iran says country is the safest and most stable in the middle east. hassan rouhani made that claim trying to attract investors at a business forum in italy. his attendance was part of a four-day tour of italy and france. rouhani also met with the pope, as you can see right there. the first visit by the head of an iranian state in nearly two decades. deals to the tune of 17 bill

. >>> and siemens has agreed to buy cd-adaptco.he deal is expected to be announced as soon as today. the acquisition is expected to be a clement to the siemens unit to focuses on software. a look there. a little bit lower. >> in the day, though, where the bottom market is now down 2.5%. not too bad from siemens. >>> meanwhile, kingfisher shares targeting a 500 million pound increase in annual profits as part of its strategic review. kingfisher said the acquisition of the rival home base is there's no update. >>> and manufacturer johnson controls is in advanced talk to buy tyco national for up to $20 when. that's according to reports of the "wall street journal." johnson controls is looking to benefit from tax eversion after looking to relocate. >>> now, adidas is ending its 11-year sponsorship deal with the athletic association. that's according to the bbc. the sports company is going to abandon it almost four years early. sources say that the deal was worth around $8 million per year. looking at it, again, an 11-year agreement. we

a potential corporate move with what is going on with siemens.f a monthg off rapidly after the end of last week. ♪ we need to tell you what the stocks you need to focus on. siemens: we understand could be buying a privately held company for almost $1 billion. this is being reported in the press. the have agreed to purchase cd -- go -- cd-adapco. that littled push bit higher in the open. another german stock for you to keep an eye on. the ramifications of if adidas could pull back on their sponsorship of the athletics foundation but it could also be a money saver for adidas. four of a painful -- ahead of the open, bear market bounce. seeing that bit of turbulence in the futures market. it has been a convincing state of buying in asia, picking up the ball from where america lifted. if phenomenal opening in asia. less risk appetite in europe. this is ately assured risk on trade at the moment if we are seeing gold still trading higher. more bullish bets coming from the hedge funds over the last week to the record high. have a look at a couple of othe

things looked a big brighter in frankfurt where the german dax made up losses, the biggest winner is siemens, the german engineering company got off to a strong start in the new fiscal year. they announced a 42% profit jump in the first quarter to 1.5 billion euros, much more than expected. the rise is due to some big orders from europe and africa. the chief executive said despite continuing turbulence, he is confident that 2016 will be a good year for the company. that's different than the week ahead for the chief of deutsche bank. he will have to explain how the biggest lender could slip so deep into the red. 6.7 billion euros for last year, the biggest in the bank's history. it has sent shares crashing down 10% and also raise fresh concerns on raising fresh capital. right now they are losing out to international competitors. the world's largest bank is wells fargo in the united states with $249 billion, followed by the chinese i cbc, j.p. morgan chase, and way down on the list, the pride and joy of germany's finance industry, deutsche bank, currently only ranking 53rd with $26 billion mar

speculation that siemens is eyeing it up.ns has hired deutsche bank to explore the purchase. up byould send the stock 7%-10%. these are some of the calls i am getting. riseer company that could in the back of energy in the sector. keep an eye on this swedish phone carrier, better-than-expected numbers. fourth-quarter earnings of 11%, beating estimates. consumer demand helping the high-speed internet demand for them. likely to rise as well. sky.it is they meet forecasts in terms of the revenue. the big thing is the fact that there are changes at the top. james murdoch becoming chairman. boosting the family control of sky. it is backed rupert murdoch, his father. we are also seeing martin gilbert becoming deputy chairman. all changes at sky. guy: is mr. murdock senior act hunting again for a possible takeover of sky? that is a question that could impact the stoxx later on. let's bring back alexander dryden. i want to get a quick take -- we are minutes away from the open. european equities on the front foot this morning. stocks

there's no dna, no fingerprints, no fiber, no see men, no hair -- siemen, no hair. physical evidence and scientific evidence, forensic evidence that is so persuasive to jurors. instead what you have is some allegedly incriminating statements he made to his girlfriend, you've got some other potential eye witnesses on the list, and you have video surveillance of his motorcycle allegedly going by the crime scene right about the time of the crime. but a lot of that can be knocked down by a good defense attorney, and he's got a good one. heather: he's facing a lot of charges though. interesting how they got to that. apparently she was wearing a fitbit, and they were able to trace her route until she -- from where she ended up. >> yeah. heather: now to another to courtroom drama in new york where an accused serial killer was kicked out of his own murder trial. officials say salvatore peron wouldn't be quiet during the proceedings, muttering and shouting and insulting his own lawyer. he's accused in the murders of three middle eastern shopkeepers in brooklyn. the judge thi

there's also some earnings winners, take a look at siemens up close to 9% closing there.aising full year guidance and beating expectations with it's quarterly results. the german industrial giant citing strong performance in health care, and energy management. phillips also posting better than expected quarterly earnings despite what the dutch electronics company calls challenging market conditions. that stock is up 6.5% as earnings season continues rolling on. >> yes, indeed. >> all right it's been just a few months since former twitter ceo dick costolo stepped down from his post. what's he up to now? the former ceo of twitter joined index venture as a venture partner and also launching a software platform for personal fitness and it's great to see you again, dick. i ran into you at the consumer electronics show. i want to get to start ups in general. but first this start up, why fitness in particular? are you just looking to get back in shape after all of those sleepless nights or what's going on? >> no, i think, you know, the fitness industry mythologizes the path to f

here's siemens' ceo this morning. >> there was a lot of doom day in davos about china, but i have toay that the real economy in china is much better. >> so some optimism. what will apple say? that's the key question. china has become the second biggest market for apple outside the u.s. some of the growth fears there have been weighing on the stock. meantime, oil is also a big part of the story. check out oil prices this morning. they're recovering off the lows of the session. wti just going back above 30. 30.13. we're only down less than a full percent right now. brent also has improved, 30.37. and guess what, that is helping lift stock futures from the worst levels of the session. perhaps a signal that u.s. futures are remaining resilient despite a 6% plunge in chinese stocks overnight with dow futures now down less than 50 points. it mirrors the oil chart. that's what we've been used to. we saw it in yesterday's session pretty much throughout the day. we're seeing it in the early action as well. we have some political news to tell you about. presidential hopefuls hillary clinton an

by this young man in the photograph who by this time was an older man who was an engineer with the siemens in germany. been the police chief in a town about 10 miles away and this was a huge event. when this aircraft had come down in the midst. he had attempted this landing had crashed during the landing. so his father had brought him over. people were coming from miles around and with the last roll of film his father had he took this photograph of the wreckage of this aircraft. it was one of so many powerful experiences i have had because to actually hold that photograph in my hand and then to visit that spot to go to that place to talk to and young man who was nearly struck high the plane when coming in. >> it was painful as well because they came so close. they had got the plane back under control and were flying low. this was the else, the peaks in the alpine foothills that were about 2500 feet. it was an extraordinary feat of piloting to get an aircraft that had lost two engines in the same side under control. to get it leveled off and i interviewed a number between 24 pilots who desc

like for example if you're investing in europe and you're playing siemens you're making a mistake. but if you're playing ranstat that is playing off global growth and employment -- and by the way, not only was the last jobs number good, right? the last one, but they revised the prior month up also. that strength's undeniable. and eventually you're going to get hours worked increasing. it was flat. you'll get wages going up. you'll see that. they'll drive inflation. these corrections are just normal plays in the market. we see them all the time. you have to use them as opportunities. point of entry is important, though. i'm not sure it's the best point of entry but i see values there. >> maybe market deptends on wha side of the game you're on. we talk equities on this program 99% of the time. it's good to have a credit perspective for a change. you do see huge opportunity in europe. you're raising money for a fund that's going to invest in some of the financial institution there's, correct? >> absolutely. we're raising capital in europe. i would agree with steve. there's huge opport

anna: that was siemens c.e. o.er today, don't miss our interview with the indian central bank governor at 10:45 unfortunately k. time. manus: and it's 6:22 here in london, 7:22 in fringe further. >> said to have launched a fresh round of job cuts and told bloomberg that 1,000 positions will go around the world, it quits australia, malaysia and taiwan. seeking ways to burst earnings growth since taking over last month. shares in japanese lock trenics group have jumped in tokyo trade. it offered about $5.1 billion for the struggling company. refused an for sharp to talk about specific discussions. expecting to post a loss in the fourth quarter. that's after setting aside more money for legal matters and taking a restructuring charge. it's the first fullier loss since 2009. goldman sachs fourth-quarter revenue jumped 27%, net incomes fell 65%. the c.e.o. said a diversified business mix delivers solid results in a year of uneven activity. or more on those stories, go to the website. anna: you're the economics director

relatively optimistic about the longer-term, as we keep hearing from ceo after ceo, like we heard from siemensllips. he's saying "i don't subscribe to the doom and gloom predictions. this is a country that will shift from manufacturing to consumer. yes, there will be a slow down but they still feel they will be able to pick up going forward." for the time being, we are seeing the first downgrade in revenue since 2003 for apple in the next quarter. manus: thank you very much. i want to bring you breaking headlines. john kerry in a joint press conference at the moment. regards to then chinese and the u.s. position in regards to the size of china, in regards to korea. they need to agree to reach a consensus on the u.s. resolution. -- the u.n. resolution. china needs to accelerate with north korea on an effort to reach a resolution. they need to curb korea's ability to advance its nuclear program. this goes back to a couple weeks ago when we saw those explosions in north korea. in the meantime, let's bring in aed hartnett. let's set aside the politics of north korea for a moment. caroline ran us t

hans: for german companies like siemens, trying to get a piece of iranian oil, they need to be otsieul fo they play. jobs, a european recovery. in terms of where oil comes from, i have never been particularly particular whether i am filling up with branch or wti. have a domestic discussion coming up with hans nichols, at the white house. -- i havemendorf called him up 47 times of the budget office. interview now -- no, no, no, no. finally, the dean of the harvard kennedy school, and he will not shut up. also urges media with a wonderful public service. i want to bring up the triumph of douglas elmendorf. bring up this chart. this is the most unloved american chart that exists. this is douglas elmendorf's victory lap on the u.s. budget deficit. the recovery and the budget deficit back to 2.3%. why is there so much on love -- so much unlove? douglas: people are worried about the high level of debt, the highest it has been in 50 years. but we should not be preoccupied with that. we have a long-term deficit and debt problem we need to deal with, but we cannot let that make us make the wron

new investments by big firms are volkswagen or siemens coming to the country.nts in arrow no eronautics. in the coming year, what we have is positive. jonathan: for some of our viewers, the economists are scratching their head, wondering why he is so optimistic. what indicators are you looking at that gives you the optimism? >> if you look at the last year, we are among the strongest growth in the european union. in the market. we are gaining market share. positive -- if you look at real estate, we also have a very positive move after the oil prices came down. it's very interesting movement in the portuguese economy, and we are going to get new meetings forncrease the help investment to track more, to simplify the work, to improve conditions. these are i think going to bring -- yes, i am very positive about the prospects. jonathan: you turn up in davos and everyone is concerned about what's happening abroad, in china. what are your concerns about what is happening abroad? do you see a hard landing in china or do you take the more optimistic way? >> i don't see

the focus is always on germany in the auto industry and siemens, but what does a weaker euro mean forfor italy? francine: of course, she was talking about relative value. in brazil, she was saying that it isn't so bad because you can translate into euro. i guess it is a little bit less of an impact for banks. but she did talk a little bit about currency -- when we see angst in the market, look at the currencies involved to some it up. tom: but then you see that -- bring the chart above more time -- just so we can take a quick look -- the churning here is a headline story. we will continue with derek halpenny. we do want to speak about the japanese yen. we have a killer chart. coming up in our next hour, we are thrilled to bring you ambassador robert hormats working at kissinger associates. hormats on the new world order. stay with us. ♪ tom: good morning, everyone. the mystery of commodities for january into february, one of the major themes in hong kong. it will be interesting to see if iron ore can hold up on the shanghai index. right now, an update on the business world with the bu

example, germany has fortune 500 companies like we do can, big corporations with names you've heard of, siemens and her say tease and volkswagen -- her say d.c. and volkswagen. [laughter] volkswagen gets a chuckle now. but, you know, these are profitable companies. in germany, by law, the workers get to elect 50% of the members of the boards of directors of these company. i mean, how many people here have heard of that in it's called codetermination. just a few hands. isn't that amazing what germany's doing, you know, the world's largest exporter of goods, and most of us have not even heard of this. we just think, oh, german corporations are like ours. they actually aren't. germans have reinvented the corporation, in essence, and we don't even know about it. sweden also does this. quite a few countries in europe have some version of this. it would be as if, you know, walmart, if the workers of walmart got to elect 50% of the members of the boards of directors, right? we chuckle at that and smile at that. we can't even imagine that. and yet that's what it would be. so i think there's a lot of th

richard siemens, a professor at the university of idaho. he has argued over a dozen cases before the u.s. supreme court and an expert on supreme court practice. george wentz has a lock on in louisiana and very knowledgeable about the area. this is a good solid case. what the federal government is doing is wrong. states, if they uniformly object of federal control, they know how to take care of the land. they can do a better job than people several thousand miles away. george: i think they went back to my high school yearbook to get that picture. i'm george wentz. if can get this to work, we can start. there we go. ok. they gave me 15 minutes to cover 400 years of history and jurisprudence so oi'm off to the races. i think professor rotunda has shown us what is going on very well. when it comes to the land, utah is treated very differently than 38 other states. today, we will talk a lot about the quality of the states, the sovereignty of the states and the way the state government interacts with the federal government. we all know nobody eve

elbot, and then we get to our closing siemens. >> fisa between bernie -- if i sent between bernie and hillary. hillary is by far the most competent candidate on either side in either party, within the existing paradigm. we in this unique election have this guy called bernie sanders, who is quite a unique figure, who in the past could never get within striking distance of the white house. i believe that anybody really wants change, he is the candidate that can operate outside of the existing paradigm, introduce innovative ideas, and operate from a deep compassion that i believe he has, and i believe this country needs, both to heal, as well as to find a new vigor and a new sense of destiny of this country. because of his unique role in this campaign, and his unique status, anybody who supported me and any person that i have managed to convince to be interested in me, i would like amthrow my support, for i bernie sanders in this campaign. >> thank you all for participating in this debate tonight. we are more or less on time, but in order to make sure we get everybody to have a one-minut

richard siemens, professor at the university of idaho, former attorney tots solicitor general, he's argued more than 15 cases before the supreme court and an expert on supreme court practice. george wentz who has his law firm in louisiana. very knowledgeable about the areas. then there is little old me. this is a good solid case, and what the federal government is doing is wrong. and if the western states uniformly object to the federal control. they know how to take care of the land and they can do a better job than people several thousand miles away. >> so i think they went back to my high school year book for that picture. i'm george wentz. if i can get this to work, i'll start rockin' and rollin' here. >> law school. 1970. >> all right. they gave me 15 minutes to cover 400 years of history and jurisprudence so i'm off to the races, guys. here we go. i think professor rotunda has shown us what's going on here very well. when it comes to dominion over land within its borders, utah is treated very, very differently than 38 other states. today we're going to talk a lot about the equality o

and these european companies including siemens, which is a huge german company they're talking to iran>> and the hope for reforming that country to give people a better life, by the board, because we brought them into the world market. and got their money back. >> all right. 24 minutes before the top of the hour. we've got some other news and for that, heather joins us. >> good morning to you. and good morning to everyone at home. we begin in miami, where police officer is stabbed in the face. the officer who cops have not named yet was trying to get a drunk guy to leave a casino. it happened early this morning. the two got into a fight. and the officer tackled the man to the ground. and that is when he was stabbed. now the officer needs stitches. the attacker is undergoing surgery. >>> one of will smith former co-star's blasting his wife jada pinkett smith over her oscar boycott. janice schubert calls it a photo-op. he also called her a pretend freedom fighter. smith is boycotting the ceremony because she says the nominees are not diverse enough. >>> and nearly all public schools in d