siemens is a big factor in the mix.ve the siemens numbers, really allowing the company to deliver on the front foot this morning. that is the biggest index factor here. this is index points for the stoxx 600. bva, banks,, b shyer, all in the mix. it is interesting what is happening on the other side of things of what we are watching. enough,ux, funny interesting compared with yesterday. --e of the banks matt: speaking of europe, here in germany, chancellor angela merkel rejected an accusation by president trump's top trade advisor that germany is gaining in the fx markets. she says the euro exchange rate was the providence of the ecb. that hasy is a country always supported the idea that the european central bank policy at the same way that bundesbank did at the time when there was no euro yet. we will not seek to exert influence over the ecb. us, ewenll with cameron watt and carsten bresky. what do you think about donald trump administration's assertion that germany games the fx market? a certain irony to it that the g

immediately siemens, and our colleagues did a tremendous job.d. we rolled out to germany, then the uk and france. hgppy to germany, then the uk and france. happy to replicate this as often as possible. you get a consultant, you employ them, they work for you, somebody on the autistic spectrum. the pair them somebody on the autistic spectrum. the pairthem up somebody on the autistic spectrum. the pair them up with a buddy and a life coach, they go with them to the client, to help them with the things they are not so good at, the social skills. exactly, besides the fantastic consultants, the most important role we have in the company is our job important role we have in the company is ourjob coaches. their task, in a four month period, preparing the consultants before sending them out to customers, they need to understand what works, and what does not work. we are very open with that. we tell the customer exactly what he can expect. we tell the consultants what you can expect. we have a fantastic track record than we did not need to stop any proje

we're happy with the current relationship we have with siemens.at is good to have a couple working relationship. let's talk about the issue that every ceo and cfo is dealing with which is keeping and i -- eye.ng ann who is a president intent on a huge infrastructure spend. how can you fit in, where do you see the opportunity for your business in the u.s., one of the consequences in terms of production, what are your thoughts question mark -- thoughts? guest: last year we generated .90 million euros of revenue we have our full value chain in the country. we do production and r&d. of course, infrastructure spending will go up, we will benefit through our business through lighting and buildings and other construction. if that were to be coming we would be benefiting from it. anna: thank you very much. joining us this morning on the phone from munich. we had the numbers from rio tinto. they are the world's second-biggest mining company. the first gain in annual profit in 2013. will kennedy is our editor. headline.big red they deletedback, the progress

siemens schneider said they thought it was stabilizing after being negative. and then you have the luxuries good, where you had two, three years of severe crackdown from the corruption, anti-corruption or political centralization of power. that seems to have been -- had most of the negative impact now and is stabilizing. in those two areas where there is quite a decent exposure to china, we are seeing some -- some better news. i think that's quite interesting. the overall level, you know, in china, it's still fast growth in the new economy, and consolidation in the old. that's going to continue. >> i guess i'm still struggling with kind of the overarching questions of do i buy a dow, for example, at 20,000 plus. do i sell a dow at 20,000 plus. i do buy emerging markets thinking that you could see a stronger u.s. economy, rates heading higher, looking at relief globally because of a stronger u.s. economy or do i sell emerging markets? i'm struggling with investors also on some of the bigger questions because of this lack of transparency. >> the two factors whic

jeff: we have a ton of respect for siemens and the core competitors, but we study all the chinese dataes and all of the indian conglomerates. -- if weranoid about get into analytics, we are going to compete with i.t. and tech companies we always view the competitors. but we are comfortable with breadth. if you see something like that $30 billion company that is too small, that is not us. we like the breath of the company. we think there is strength and diversity and not weakness. john: acquisitions within the current structure? i really believe we have so much more we can do and the value creation for our investors could be deep. john: you have conglomerates around the world. many of the chinese companies, they go across 50 industries. is it eventually merge into something -- jeff: i believe so. they all have the advantage of a whole market. eventually, today, you have to be really good at everything you do. that naturally for just some consolidation good john: -- naturally comes with consolidation. jeff: the company is more technical. it is more global and more focused on the customer

bidding started at the red siemens telephone which had hitler's name and the nazi party symbol engraved on the back. the phone sold for $243,000 to somebody who ironically made the bid by phone. >>> get ready to pay more at the pump. prices haven't jumped yet, but industry experts say costs could soon spike. they say this usually happens in the early springtime. right now the average cost of a gallon of regular gas is $2.28. d.c. drivers pay more at $2.49. if you fill up in maryland, expect to see prices at around $2.29. virginia, you've got the least expensive gas right now. you are paying just $2.11. it may be worth it to go fill up over there. >>> the nesting bald eagles at the national arboretum may soon have a new member of the family. this is a live look at the official d.c. eagle cam. it's 11:18. they may be sleeping. the american eagle foundation announcing tonightat mr. president and the first lady. they'll be spending the night keeping the egg warm. these eggs typically hatch about 30 days after being laid. mr. president and the first lady are one of three bald eagle pairs rig

jeff: we have a ton of respect for siemens and the core competitors, but we study all the chinese dataes and all of the indian conglomerates. we are paranoid about -- if we get into analytics, we are going to compete with i.t. and tech companies. we always view the competitors. but we are comfortable with breadth. in the last 12 months, i get confused, he you see something like that $30 billion company that is too small, that is not us. we like the breadth of the company. we think there is strength and diversity and not weakness. john: acquisitions within the current structure? jeff: i really believe we have so much more we can do and the value creation we have for our investors could be deep. john: you have conglomerates around the world. many of the chinese companies, they go across 50 industries. do they eventually merge into something. jeff: i believe so. they all have the advantage of a home market like we did 100 years ago. eventually, today, you have to be really good at everything you do. i think that naturally forges something doll -- consolidation. john: is this narrowing and

. >> volvo was good yesterday, siemens was good. >>> consumer confidence in japan increasing to a 3 1 year high. the nikkei down 1.2% following in the footsteps there of the dollar/yen. hong kong closing lower a half percent. china remains closed for the lunar new year holiday. australia and new zealand down a bit lower. >> australia down a little bit after extraordinary comments from malcolm turnbull and president trump. >>> as for the broader markets, oil prices, let's look at that this morning, jumping a half percent. 54.2. moving on to the dollar, which did move a bit yesterday. up around 0.1% following the fed. as i said earlier, not a huge change in sentiment following those minutes. we have had three negative weeks in a row for the dollar and we're lower again this morning. could be set for a fourth negative week in a row for the u.s. dollar. the big mover today is against the yen as sara said. that hurt the nikkei's performance today. the y yesterday's clear vote in parliament that mps are carrying out the will of the people and invoking article 50. that sense of clarity that

whether you're talking about a l'oreal or hsbc or siemens or, you know, pfizer, what we're finding is that customers are embracing all sap solutions. you may start off with a concur and then buy sap solutions. whether that's areba or field glass or our s4 product or the other way around. so we're seeing tremendous synergies, you know, across the acquired businesses. >> let's take an example for field glass. i mean acquired in march of 2014. it kind of happened. i didn't think it would really matter that much, but it has done well, right? >> field glass is a tremendous product. it helps our customers manage a very large portion of their workforce. typically a company will have 30% to 50% of this workforce that's either contingent or service-based. you want to be able to manage that team of people the same way you manage your internal team of people. so field glass bridges that gap. it allows you to integrate with success factors and manage every part of your workforce with the same level of transparency and, frankly, engagement. >> we should mention that's human capital management. tha

siemens raising full-year guidance after quarterly earnings beat on strong performance in the company'strial group. that stock up better than 5%. and take a look at roche, up close to 2%. the swiss pharma giant also conceding consensus, up by drugs and diagnostics. the uk parliament debating a brexit bill giving prime minister theresa may authority to begin the process of leaving the european union. lawmakers are expected to begin voting around 2:00 p.m. eastern time today, but earlier there were some fireworks between the prime minister and labor party leader jeremy corbyn over inviting president trump to the uk for a state visit. take a listen. >> president trump has torn up international agreements on refugees. he's threatened to dump international agreements on climate change. he's praised the use of torture. he's incited hatred against muslims. he's directly attacked women's rights. just what more does president trump have to do before the prime minister will listen to the 1.8 million people who have already called for his state visit invitation to be withdrawn? >> he can lead a pr

. -- siemen's is down. this may be a stretch.if there is a wolfgang schaeuble comment in here. the german carmakers would not be able to do business in the way they currently do if they did not have a cheap euro. the finance minister is coming out. maybe there is a line between the two. matt: i will make it a shameless plug between francine lacqua and tom keene. there guest will -- their guest is someone that a lot of people listen to in the auto industry. that is a great point. he may be coming out and talking the euro up. it is definitely not what german exporters want to hear. he is joining the ranks of donald trump's currency team, and that cannot be good for german stocks. the u.s. appeals court -- yes? guy: go ahead. matt: please, bring in david's take here. guy: you spoke about european industrials early on. would you like german industrials if we had a 172 handle on the deutsche mark versus the dollar? charlie: what he -- guest: what he has been talking about in terms of the euro being too weak for germany. areauro is for

siemens is down. sanofi is down.he drug sector is a big, big drag on the european equity markets this morning. let us talk about what else we have got to talk about today. we have not spent that much time talking about central banks. bank of england to talk about. the bank of england's -- of 2017. economists expect them to raise productions. for more, let us go to bloombergs nejra cehic, outside the bank. mark carney, any surprises today? that would be interesting. he does have as always, this delicate balancing act. we are expecting those policies to stay unchanged, but super thursdays today and we get the news conference from mark carney and this is sometimes where some surprises might come through. as you said, what we are expecting is an upgrade to near-term growth and inflation superst, so the last thursday november, the bank of england for cats, 1.4% growth, 2.7% inflation for 2018, and we are expecting those forecasts to be raised. it will be interesting to see how mark carney balances, upgrades the forecast w

siemens officials say this is a breakthrough one of the most challenging area with 3d printing. >> president to repeal dodd/frank last week in executive order but rolling back comp indicated reform bill won't be easy. steve liesman joins us. >> creating dodd/frank was incredibly hard process. taking it apart promises to be heart. despite the president's extreme rhetoric doing a big number on dodd/frank, the executive order doesn't quite read that way. it reads like a measured and principled document proponents of the law. could lead to common sense reform. first i want to show you how incredibly complicated it will be. here is a list -- sorry, a partial display of just some of the agencies who will be involved in this. of course treasury. senate banking. very important, house financial services very important. the federal reserve could have some kind between the fed and administration. fdic also a bank regulator as office of control of currency. fsoc, broad rubric under which regulators have met and don't forget bank for international settlements. that's very important because that's the pla

ge is likely to gain interest from schneider electric and siemens as a communities -- as it continuests. scarlet: pressure is building on aig ceo peter hancock. the board is evaluating the company's results, which include losses in 4 of the past six quarters. whethertion here is peter hancock's job is in jeopardy. could he get the boot? >> they posted for out of the last six quarters, they posted losses. people,her quarter analysts especially, have reevaluated the situation and asked whether the management credibility is at stake. they evaluate every single you're what they do with his bonus. earlier,al reported they were wondering whether to oust him. who would replace peter hancock? -- if were to be ousted he were to be ousted, it would be the seventh ceo since 2005. who can be the person to turn around the ship that has had so many problems for so many years? oliver: it feels like anytime you have a poorly performing quarter or whatever it falls -- the buck stops with the ceo. the fact that they are actively looking, why so quick to pull the trigger? has this been a long time comin