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vodafone dragging that basket of stocks lower. taking a look at the earners in more detail, i think this explains a lot of the move lower that we're seeing in the sector. space tech down 7/10 of a percent. and excuse me up 7/10 of a percent. these are the best performing stocks in the market. you've got infineon shares trading sharply higher this morning on the back of those earnings. banks up 2/10 of a percent. insurance and retail hold round out the more resilient parts of the market. now let's take a look if we can at the worst performing sectors in the market here. you've got the single stocks. today's big earners in focus. we've got ubs down nearly 4%. let's zoom in on what we heard from the bank this morning. the company posted a fourth quarter net profit beat and said it wants to boost buybacks this year. net profit surged to $770 million, well ahead of a $483 million forecast. ceo sergio ermotti told cnbc that the bank's investment banking division is performing well. >> for us, it's always very important in investment ban

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think about the vodafone ceo in europe talking about the risk in europe of an ai bottleneck because there is not enough cellular capacity to meet the data needs of ai. so absolutely, the growth curves we are talking about, ai growth, we need to make sure networks are strong enough to carry it, to drive the innovation. we want the innovation to happen here. the innovation will happen globally. who has the best numbers? that has always been us. we are a great place for wi-fi to continue to be the best and we need to do the same with 5g as well. chair hudson: congressman white house takes a leadership role at every prefacing spectrum to commercial use. necessary to protect our national security, but federal agencies aren't actually looking for ways to be more efficient with their spectrum. ms. rinaldo you were responsible for managing spectrum used by federal agencies and looking for opportunities to repurpose spectrum for commercial use. what are the biggest challenges presented to agencies trying to make spectrum available? ms. rinaldo: when i was at ntia in august 2019i sent a memo to all