now on that same topic vodafone one of the world's largest mobile carriers says it will pause its purchases of while way network hardware for the european market more and more governments in europe are molding such bans to stop mobile network operators from partnering with a chinese company to build out their five g. mobile networks critics of huawei chief among them the u.s. say the company is a trojan horse for beijing making it a security risk while way of course denies any connection with the chinese government germany's a phobia is this confidence index has fallen for the fifth month in a row analysts predicted it would decline but it's been falling faster than expected also germany's economic growth this year will be considerably lower than originally forecast thought according to fresh government predictions in its annual report out next wednesday the government says it expects germany's economy to expand by only one percent this year the divers link to join the lng exports which are pegged to the cooling global economy and a lack of clarity over brags that domestic demand meanwhile

the situation is very different when you talk to dr taylor coleman vodafone those are the two biggest companies here in germany they are telling us that there are reluctant to do big investments at the moment into the way a technology because at the end they might have to fear that then they can do work with these systems in the future so they're a little bit reluctant when the situation here at the moment is quite interesting that all of this resistance building up on the day that global stocks of busting in so much trade optimism between china and the you ways. yeah exactly well this is happening after we got word yesterday from the treasury secretary steven minucci and in the united states he was considering a proposal to lift some or maybe all of tears in this ongoing trade conflict between the united states and china we have to remember that these talks are set to continue between beijing and washington by the end of the month and yes there is this hope that this issue could be finally resolved and investors are certainly hoping for that to happen because we have to remember this

emily: the chinese telecom company huawei dealt a blow from vodafone.will pause buying their equipment for its european networks while it talks with the company and various governments. the u.s. has been pushing allies to block them from fiveg networks over fears they could use equipment for espionage. coming up, silicon valley leans towards the democratic party. could the two come into conflict in the next presidential election? that is next. this is bloomberg. ♪ ♪ >> this is "bloomberg technology." i'm emily chang in san francisco. the democratic party -- representative alexandria oh proposed a tax income for over $10 million. presidential hopeful elizabeth warren proposed her own health tax on those with $59 in assets. could this with $50 million in assets. here in san francisco, our own eric newcomer. >> silicon valley favors the democratic party. how much would the favor a more leftist democratic party echo wrecks that is the question. behind closed doors you hear a lot of venture capitalists asking whether taxes and what free does traditional shou

vodafone one of the world's largest mobile carriers says it is currently not buying why a network hardware for the european market or more governments here and europe op lanny to stop mobile network operators from partnering with a chinese company to build five g. mobile networks for digs of chief among them the u.s. say the company is controlled by the government in beijing warning that this connection poses a security risk weiwei denies the allegations. and that's it for me in the business scene here and well in the us more news coming up of course at the top off the hour the meantime do check out all the dot com slash business and now stay tuned for in good shape that's up next and it's all about making attention just office a quick look at one of the world markets of. greece's first. dimitrius harvesting you is promoting intelligent technology to make sure for the future. the government keeps throwing obstacles in its way. but he's convinced that small solutions the only way out of the financial crisis. doubling. time for an upgrade. how about from. somebody. else with the. design high

and vodafone those are the two big telephone companies here in germany if they really continue doing business with the company and you know to invest a lot of money because yes there could be the risk at the end there then the investment is not going to pay off so there is some concern here from investors and seemingly in stark contrast to all of that we see in sin growing optimism over upcoming trade talks here between the u.s. and china tell us more about that. yeah exactly i guess you can see it in the background the blue chip index texas making quite a jump today we are here in the green with more the more than two and a half percent at the moment also the dow jones in. the united states is rallying in the green with more than one percent this is happening after it seems to be possible that's what we're hearing that there could be a compromise in the ongoing a trade conflict between the united states and china this is also happening after already yesterday the fine and secretary of the united states maneuver stated that that he is considering a proposal to lift some or maybe all

vodafone trading negatively. ericsson trading strongly.arly a beneficiary, you could argue, of the huawei situation. we are seeing the transfer to 5g, and erickson benefiting from that. vodafone struggling in southern europe right now, so stocks taking a tumble on that. we are down by 5.1%. up by 4.21%. the semiconductor having a really good few days. the stock certainly surging after some good news a couple of days ago, and despite the intel news we had out overnight. the other thing worth noting on today's session is strong volume that we have seen. this is the a vax function. you can find this on your bloomberg. the white line is where we are trading. we spent above the blue line, the 30 day average, consistently throughout the session. a decent session driven by decent volumes, particularly in the dax. taylor: we are about two hours into the u.s. trading session. all correlated together. the s&p 500 up about 9/10 of 1%. still very green on the screen here. semiconductors, you mentioned intel. that's been a bit of a dragger on the stoxx

vodafone will explore opportunities to monetize its assets. a few headlines therefrom vodafone.rt of european cash equity trading is in under an hour. welcome to "bloomberg daybreak: europe." euro stoxx 50 futures moving higher. 40 firmly in the green. we saw gains in the u.s. yesterday led by semiconductor equipment makers. good numbers coming through in that sector. you get that miss from intel and a move down, but yet you see asia rally, picking up from the u.s. session. interesting dynamics overall, you are seeing global equities heading for their first weekly drop. we could end the week in the green. the risk picture, you are seeing the 10 year treasury yield move higher in today's session. , newhutdown continues discussions underway. the move in treasury could be different than last time if it is prolonged. we could see yields move higher. not much going on in the futures markets in terms of bonds. there is a lot of action in the markets in asia. juliette saly can tell us all about it. happy friday, and for are on track for a third weekly gain, the longest winning streak f

vodafone, one of the largest mobile carriers, says it will pause purchases of huawei hardware for theuropean market. more and more governments in europe are rolling bans to stop people from partnering with the chinese company to build 5g mobile networks. they say the company is a trojan horse for beijing, making it a security risk. huawei denies connection with the chinese government. germany's business confidence index has fallen for the fifth month in a row. it was expected, but this was faster than expected. growth will be considerably lower than forecast this year, according to fresh government predictions. in the annual report next wednesday, the government expects germany's economy to expand 1% this year. it is linked to dwindling exports, the g global economy ad lack of clarity on brexit. demand will stay low. reminder of top stories we are following. president trump has announced the u.s. government shutdown is over, at least for the time being. hehe still wants his border wall and isis threatening another shutdown in three weeks if he doesn't get a fair deal. venezuela self-d

some news from vodafone, quarterly revenues dropping, struggling for growth. a japanese firm. did you brush your teeth this morning? did you use toothpaste? well, chances are you used one made by the company colgate palmolive. they are, after all, the world's largest pacemaker maker and they'll be reporting earnings on friday. they're expected to report a bit of a slip in the fourth quarter. part of it is explained in the strong us dollar and part of the drop has to do with raw materials being more costly. colgate ended up raising prices in emerging markets, like latin america, but that meant consumers dropped the colgate brand altogether, going for cheaper local brands. some investors will be keen to hear on the company's plans going forward. joining us is sue noffke, uk equities fund manager at schroders. hello and welcome back. let's talk about the pound, it's on track for its best week in about a year. what is behind the rise? i think sterling had got quite low levels especially in novemberand had got quite low levels especially in november and december, h

and vodafone those are the two big telephone companies here in germany if they really continue doing business with the company and you know to invest a lot of money because yes there could be the risk at the end there then the investment is not going to pay off so there is some concern here from investors and seemingly in stark contrast to all of that we see in sin growing optimism over upcoming trade talks yes between the u.s. and china tell us more about that. yeah exactly i guess you can see it in the background the blue chip index texas making quite a jump today we are here in the green with more move to more than two and a half percent at the moment also the dow jones in. the united states is rallying in the green with more than one percent this is happening after it seems to be possible that's what we're hearing that there could be a compromise in the ongoing a trade conflict between the united states and china this is also happening after already yesterday the fine and secretary of the united states stated that that he is considering a proposal to lift some or maybe all u.s. t

vodafone has reported a 6.8% fall in turnover to £9.42 billion for the three months to december.e of goldman sachs says that a "difficult" brexit will negatively affect its investment plans in the uk. david solomon told the bbc that while there has been a frozen headcount in the uk, the bank has been adding staff in the eu over the last two years. the wall street giant employs 6,000 people in the uk. returning to that story, goldman sachs says the outcome of brexit will affect decisions made people and resources. ceo mr solomon was speaking at the world economic forum, in davos. of goldman's uk staff, a few — in the dozens — have been asked to move to locations elsewhere in europe. however, the bank has added hundreds of staff to offices in frankfurt, paris, stockholm, milan and madrid. here is mr soloman talking to our business editor simonjack. our headcount in the uk over the last couple of years has not gone down, but, you know... it hasn't gone up. but it hasn't gone up either. we have added headcount, you know, on the continent. but i would say, over time, if this is resolv

britain's top share index is lower as weaker oil prices have pulled down energy companies, but also vodafoneainst its european peers, the cac and the dax — they rose after the european central bank said today it's sticking to its course and holding off on sudden policy moves due to concerns about the eurozone economy. the bank kept interest rates unchanged, saying they would stay at historic lows at least through the summer. that's all the business news. thank you and we will see you later on. all day, bbc news is breaking down the brexitjargon routinely used by politicians and by the media, but which is rarely explained. one of those terms is the backstop. here's our reality check correspondent chris morris to make sense of it. you may have heard about the backstop. it's a baseball term, really, so what does it have to do with brexit? think in terms of a safety net and you get the general idea. the backstop is key to talks over the future of the irish border after brexit. why? because this line between the irish republic and northern ireland will be the only land border between the uk and t

it has led to the feeling that regulators would approve its merger with vodafone australia.rently the position we have. yvonne: let's take a look at your india futures and see how the setup is over there. really just following what we are seeing here. futures down about 0.2%. india 10 yearour yield at the moment. david: the other thing we are tracking at this point, the open in thailand. out that we have time cabinet ministers submitting their resignations before the election. we will get you details on that. right, steve is here. first word news. president's confidence in tariffs is being challenged by the congressional budget office. a new report says trade barriers will hurt the economy, with gdp being cut by 0.1% annually. the cbo also saying that rising uncertainty may further lower u.s. output. the president says tariffs will help the u.s.. the trump administration has slaps sanctions on venezuela's state owned oil company and its central bank, putting more pressure on president nicolas maduro and his allies. the treasury secretary says the u.s. is holding accountable

about where we sit in terms of the picture we find ourselves with, the ftse 500 is slow, vodafone outthe u.k. having issues with a company that they have a pretty big stake in down in south africa. .he ftse is lower the dax is outperforming, as i mentioned. cac 40 up. let's show you the stock, up by 10%, the apple story trading, the semiconductor sector, that does not seem to be happening. stocks are still trading up by 10%. shuttle, thisair is a carry a largely out of gatwick airport, to the south of london, trading down at 21.48%. that is a big expectation would potentially make a bid for the business. iag said that will not happen today as a result of which that rhenium has come out of no region. the other stock in the aviation sector i want to mention is airbus. coming out with remarks about the way that brexit have been handled and a threat to withdraw business from the u.k. remember, airbus makes wings for the u.k., generating an awful lot of speculation in the u.k. right now, so airbox trading up -- airbus trading up by 2.1%. today, we are certainly trading above the 30-day mov

vodafone shares are trending lower after a weaker than expected third quarter they cited price competitionthe slowdown in south africa the world's second biggest mobile firm, however, said customer trends are improving and backed et cetera full year guidance >> the u.s. is trying to contain china's rise as extremely unfair and very politically motived trade war tactics. they said that trade tensions have fueled anti-china sentiment. market volatility and global growth concerns have been key topics right here in davos all week we have been speaking with market players who remain quite bullish, though, about the global economy >> one level the economy is rocking. we have more good growth we'll have more good growth this year, and, of course, you've got, you know, the mitigation of that growth against brexit, the trade war, foreign exchange issues, rates. that's on people's mind. it is not dominant >> my view on the u.s. economy has always been a very long-term view, and you know the u.s. economy has always gone through periods where there have been naysayers talking about imminent erosion of

vodafone is a company that is in the spotlight as a result of this. how will this ripple through?ders,uipment operators. is that the way it is going to ripple through? rebecca: if it is light, we are going to see it in our services. we want faster, low latency services, we are going to see those delays. i think when it comes to the key decision, right now is a really critical couple of time. a lot of carriers are awarding those contracts. governments in europe like france, the u.k., germany are weighing what to do about huawei. carriers need to know. guy: rebecca penty, thank you. recap the faao headlines regarding laguardia. the faa is allowing flights into laguardia. staffs on the air traffic shortage during the government shutdown. ♪ amazon prime video is now on xfinity x1. so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your am

ski-dad, my top five holdings, chevron, canopy growth, starwood poppy trust, pattern energy and vodafoneoriented well, this is interesting, because canopy certainly is no dividend so you have a telco, real estate investment trust which we like a pot, cannabis stock, excuse me oil stock, good dividend and then another oil company that's not acceptable. let me see what we need to add to this. obviously, this fellow likes dividends. i'm going to give him? i think i'm going to give him ventosh. i think that would be the trick. let me see i don't know maybe -- see, i'm stuck with this pattern energy. it's more after a utility. 8% yield that's a little high we'll leave it as is, but i would switch out to ventos because i don't want too much energy, even if it's a utility a little different, though next up a tweet. a lot of tweets today. from @pshwendy, who says apple, visa, microsoft, waste management, constellation. let's look at this one [ buzzer ] apple's tech visa is fintech. microsoft. thank you, microsoft, for doing what you did for the homeless today. brad smith, that was quite a thing.

up next, we bring you some stocks on the move, including vodafone.now has reported numbers this morning. in terms of revenue, we will get the latest on that story in just a moment. this is bloomberg. ♪ ♪ welcome back to bloomberg: markets. this is the european open, 44 minutes into the trading day. we're looking at gains across the board in terms of the equity indexes. the dax in frankfurt up more than 1%, gains in italy of .75%. not as strong as well we are seeing in the u.k., not quite as strong as that across the continent, but also, green areas. we are getting news from sinopec. the preliminary net risks are balanced and they are moving to the downside. obviously, they are moving to the downside. these risks have materialized. >> what about brexit? >> first, the ecb is not part of the negotiation. i hope it resolves and that we can find a solution. it is not for us to discuss. what i will say is that there are substantial risks to real growth in the u.k., but also, as a knock on effect to the eurozone. but the financial sector is now pretty well

the london market being weighed down by vodafone, a big weight. davos, we speak to some of the biggest names in banking. all of that live coming up from the world economic forum. don't forget, the ceo of the biggest automaker in the world from volkswagen coming up as well. "surveillance." is up next with more from davos. this is bloomberg. ♪ place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. francine: president trump says he will deliver the state of union when the government is opened, just hours after speaker pelosi blocks them from getting the speech in the house chamber. carlos ghosn gone. france's finance minister tells us that he has resigned. >> carlos ghosn just resign last night. and now it is time to define

the situation is very different when you talk to dr taylor coleman vodafone those are the two biggest companies here in germany they are telling us that there are reluctant to do big investments at the moment into the way of technology because at the end they might have to fear that then they can to work with these systems in the future so they're a little bit reluctant when it's about the situation here at the moment it's quite interesting that all of this resistance building up on the day that global stocks a busking in so much trade optimism between china and the us. yeah exactly well this is happening after we got word yesterday from the treasury secretary steven minucci in in the united states he was considering a proposal to lift some or maybe all of tears in this ongoing trade conflict between the united states and china we have to remember that these talks are set to continue between beijing and washington by the end of the month and yes there is this hope that this issue could be finally resolved and investors are certainly hoping for that to happen because we have to remembe

vodafone one of the world's largest mobile carriers says it will pause its purchases of qual wade network hardware for the european market and more and more governments in europe are bowling bans to stop mobile network operators from partnering with a chinese company to build five g. mobile networks critics of how of huawei chief among them the u.s. say the company's a trojan horse for beijing making it a security risk always denies any connection with the chinese government germany's business confidence index has fallen for the fifth month in a row analysts predicted it would decline but it's been falling faster than expected also germany's economic growth this year will be considerably lower than originally forecast that according to french government predictions. in its annual report out next wednesday the government says it expects germany's economy to expand by only one percent this year. linkage when the lng exports which are pigs of the cooling global economy and a lack of clarity over brags that domestic demand meanwhile is expected to remain. and will go back to soon enough this

possible the european leaders because you know it's always i may right now obviously going through that vodafone no confidence in the parliament but the question is how the e.u. will react when she visits. well i think what the e.u. is looking for is some sort of movement that we have heard that if she wins the vote of no confidence she will be going to start managing cross party talks in some way trying to reach across the the house of commons to come up with some new ideas and some new approach now if that starts to happen the e.u. will say well perhaps we can then look at moving that brags that date of march the twenty ninth because that cliff age is appearing too close at the moment for everybody is causing panic they want perhaps to see that move but only if they see progress in what to resume a is doing so that would require all twenty seven members of the european union to vote for that idea so that march the twenty ninth could be moved back a month two months three months or four months we don't know exactly how long it will take to come up with a real. real new principle that will excit

you would have seen we had a big announcement with vodafone you'll see another big one after the bellically and even what makes sense, some of it i'll leave just as it is on my premise. some i want my private cloud on my premise the rest in a public cloud it's that simple >> but for technology in general, it's been tough especially for ibm if you're in a calm before a what could be a time when you really see red hat will be accrued when >> when we did red hat, it will be 200 basis points to our revenue growth as we've talked about. that's right accretive in the second year free cash flow, though billion dollars. and it's really a good move for all of ibm it's 200 basis points to all of ibm when we talk revenue growth. you look about where ibm is right now in this reinvention, now it's up to us to consistently perform you've really seen pretty much almost 50% of the portfolio has moved into these new areas while we do the mission critical work >> do you -- are you taking such a firm position on regulation for a lot of your peers because it doesn't affect you quite as much >> you know,

that has had an impact on energy stocks in particular, but also vodafone, that has fallen, and telecomse concern ongoing about the health of the euro zone and it is likely to keep interest rates at that low level until the next announcement. let's get more on the appearance of the former first minister of scotla nd the former first minister of scotland alex salmond in edinburgh. let's go to our scotland correspondent who is outside edinburgh sheriff court. what has happened? alex salmond arrived here about an hour ago, they we re arrived here about an hour ago, they were handshakes but no comments made to the waiting public and media, but within the last few minutes, he appeared outside the court and made appeared outside the court and made a statement to the waiting press. he said that yesterday by prior agreement and consistent with previous efforts he voluntarily attended a police station. he has a lwa ys attended a police station. he has always maintained that he never engaged in criminality and he maintains that position. he also said he has great faith in the court system. he said