On samsung are under pressure. And in an exclusive interview, saudi Family Member prince criticizes the u. S. In its dealings with syria. The president is engaged in so many internal issues in america. But i think on syria, definitely. He made mistake. Youre watching worldwide exchange, bringing you Business News from around the globe. We kick off the program with the latest labor market statistics out of germany. Germany sees trouble with the ilo. The employment number has risen in november. The number in work, 41,871. That is november 2013. The change versus the previous month, up 26,000. Unadjusted fully 2,229. Thats the latest bit of data. Just helps the euro firm up against the dollar on the session. If youve got any sort of comments, email us, worldwide cnbc. Com. The u. S. Has had some significant issues with doing the right thing in syria, at least in an exclusive interview with the saudi arabia former head of intelligence. Thats coming up at 10 30 cet. A third of greeks still fear they may lose their homes after the countrys bank successfully negotiated an extension on the foreclosure ban. Well be in athens at 10 45 to get the latest. The 2014 trading year starts, but in the second hour, were going to talk to a guest who says more likely the only way is up for this year. Is a global role reversal under way when it comes to Business Optimism . Optimism in brazil is at an alltime low while g7 countries are feeling more positive. If thats not enough, were going to be at the International Ces show in vegas at 11 45 cet. Well be talking wearable tech, realtime apps and homes that can be controlled by your iphone. But first, an industrial dispute in france turns ugly. At a Goodyear Tire plant are being held captive in a room barricaded in by a tire over a row. Stephane is outside that plant and joins us now. A rather extraordinary turn of events, stephane. What is the history of this plant . And if the boss says, actually, we are going to close it, are they going to release him . Unions have announced they will not release the two bosses until they get positive answers to their requests. Basically, they want a package for the people about to lose their job. 1,250 jobs are at stake and unions are asking more than a 25,000 severance package pay for these people. This is exactly what was proposed by the management of the company two years ago when they wanted to implement a restructuring plan, but at the time it was on a voluntary basis. Last year, the management decided to shut down the factory that was in february. Unions tried to challenge the decision in less than one year they went to court no less than 20 times. And theyve lost all the cases. Then they have trying to negotiate because theres no other issue. They are trying to get the best possible package. But as you see, this example may not give the best image of france and might divert possibly investors away from the country for similar cases in the future. Next step, negotiations this morning, the unions will be there, of course. The management of the companies, but perhaps also a representative of the french state. But its not theyre not trying any more to find a potential buyer. They just want more money. This is what representatives of the trade unions told us this morning. Do the police have any role to play here, stephane . Is this illegal . No, its all very quiet. The main parking of this factory, a few meters away from here, there are still some tires burning. That was yesterday. So a few tires are still burning, but its all very quiet. There are no clashes, no riots here. This back to negotiations and the feeling here for unions is that theyve lost a huge report in italy last year, as i was saying. They were offered at least 85,000 euros for each employee willing to leave on a voluntary basis two years ago. Today, they are trying to get it back but perhaps its too late. Its at least the feeling that was given by the management of the company, ross. Yes. Is it not illegal to lock someone in their office and not allow them to leave . Well, its illegal, but we had in the past a few examples of this in france and since then, the Large Companies operating in france have trained their managers how to react, mostly very quietly in such a situation. And there is no clash according to unions. The two managers are very quiet. Theyre within the building. They cant go out of the room, obviously, but its all very, very quiet. Now, things might become a bit more difficult after the negotiations. If it fails, because unions said they would not release the two managers until they will get a positive response. Its unlikely that they will get exactly what they want. At least 80,000 euros for each employee from the first round of negotiations. So the situation might become a bit more tense after the first round of negotiations which is due now in less than one hour. Okay. Well, its an extraordinary turn of events, stephane. Well come back to you for it later with the latest. Now, a galactic miss from samsung, it will fall 18 in the Fourth Quarter way below expectations. A bonus payout to employees is one reason. But smartphone sales are likely to be under fierce competition from new apple products. Samsung will release more details with full earnings on january 24th. The shares have largely come through unscathed in trade today. Ch chery kang has more for us. Its been reflected so much in recent sessions, ross, now falling 10 over the past weeks or so to actually a fourmonth low last week. Remember that big tumble that we saw for the first trading session, for the first two trading sessions of this new year. Yes, the guidance coming in well below while market expectations. And meeting the street expectations by a mile seems to come from this huge bonus payout, actually, estimated around 800 billion korean won, this past quarter alone. That is a huge issue. But even apart from that, we all knew this was coming, sluggish smartphone sales. Apple is eating up market share, especially in the china market. There are those smaller chinese smartphonemakers out there. Smartphones are being commoditized. Samsung does have cheaper phones, but they actually hurt its margins, as well. Thats the core story. Quite a vicious cycle for Samsung Electronics. Other than that, there is a currency factor, of course, the stronger won hurting many south korean exporters here and samsung, of course, does earn 85 of its sales from overseas. So a huge bonus or not, the question is how the market is going to find new profit drivers out of samsung down this road. Ive been talking to insiders about this. They understand this need. They talk about their its net worth business. Auto application component business. So a lot of these are not open to the public or at a stage not showing numbers just yet. Ross, it looks like samsung really needs to offer the market something that would move the needle down the road up a point. Now back to you. Chery, thanks for that. Thats the latest from chery in south korea. Lets get more from lui in singapore. Good to see you, lui tech. What are your thoughts on why samsung at the moment is underperforming and what can they pull out to improve things . That doesnt have tangible issues. So the mark is stagnant. Samsung is a victim of success with its galaxy. Can they chery talked about they need new profit drivers. Where are those profit drivers going to come from . Currently in the shortterm, we do not see any new innovation. Looking forward to flexible display, but the reality is were probably looking down the road for the technology. In the shortterm, this is a and there is trying to rush out. We have they will be positive, think its safe. Its probably another extension of the s4. But then in 2014, the surplus market will grow to 1 million units. So theres still room for growth on that. Weve got the ces show in vegas and mobile up a little later, as well, in march. Look, going into Wearable Technology, i think were going to see a lot more development in this space. There are two main issues that Wearable Technology has to resolve, meaning User Experience has to be useful, it has to be habit forming, meaning that a consumer must be able to feel comfortable, much like smartphone. If you dont have a smartphone, you feel that something is missing. So they have to resolve this issue before it can take off. Thank you so much indeed for joining us. Game on for nintendo, microsoft and sony. The 14yearold ban on the sale of foreign gaming consoles in china is being temporarily lifted. The Chinese Government said Foreign Investors will be able to manufacture game consoles and sell them after the product has been inspected. Julie woods joins us now, again, from singapore with more. Julia, how much of a boost is this going to be . And how in practice are the console manufacturers going to get their products into the mainland . This ban was put in place to address concerns about the Online Gaming addictions. Pc gaming and Online Gaming in china are huge. According to a major industry body, the total number of video game users in china is 490 million. Thats more than a third of the population there. Video game revenues, meantime, were up 38 in 20 11 hitting a 14 billion mark. Interestingly, though, game consoles accounted for a minuscule 15 million of that total. Now, while these numbers make it sound as though theres plenty of room for growth, analysts are skeptical about what this will mean for the industry. There are two main issues. First, anyone who really wants a console can bring it in through the taiwan gaming market. Secondly and probably more importantly, even if sales did take off, sony and microsoft dont actually make much money or any money on the sale of video game consoles. The money is more made on the sale of the game themselves. This hits a wall when we get to china where games are pirated because of the absence of anticopyright legislation. So while there might be a shortterm pop in the share prices of some of these companies, we dont expect to see too much of this news senting profits soaring. Back to you. Yeah. They would have to Start Marketing and getting their Sales Distribution sensors going. Would they actually have to make the games in singapore, sort of repackage them . Not in singapore, in shanghai. Look, as i understand it, there are, of course, some issues with legislation here as far as how much gore you can include in these video games. So that would be another thing that they would have to contend with in the market. But as i was talking about with the analysts, a lot of these games are actually pirated. So theyre already available on the various different systems, the android systems and people are playing these within the pc gaming cafes, ross. Julia, good to see you. Thank you so much for that. Michael bay knows a thing or two about bombing. He took to the stage monday at the Consumer Electronics show to promote samsungs new giant curve television. But when his teleprompter cut off, he tried to wing it and walked off in a bit of a hough. He explained his meltdown saying, wow, i just embarrassed myself at ces. I guess live shows arent my thing. So were asking, what is your favorite speech thats gone bad . Public meltdown or blunder on stage . Email us, or tweet us. And michael, come out and hang out here. Youll learn about prompter failures and youll get comfortable with it so quickly. Lets bring you up to speed with where we stand. Global equities are an hour into the trading day in europe. Now advancers and decliners on the Dow Jones Stoxx 600 even stevens between red and green. So the ftse yesterday did absolutely nothing and it has done nothing for the previous week, either. So today, were about an hour into the trade, we are up 16 points, a substantial move compared to what has been happening. The ftse mib up, as well. Mollermaersk, up 4. 24 . The group sold nearly 90 in its Department Store chain. And basf on the rise. Analysts have raise dollars recommendation on the stock to a buy from neutral, citing expectations for future earnings growth. Keep your eyes on where we stand on treasury yields. Weve come lower today, 2. 95 is the yield there. Gilt yields below 3 , as well. Well talk about the value there versus gilt and treasuries in a few moments. On currency markets, dollar yen yesterday got down to below 104. Were just above it again this morning. 104. 35. Euro dollar, 1. 3624. And sterling at the moment is just below 1. 64, as well. That is where we stand in european trade. Lets recap that asian session. Sixuan. Yeah. For the first time, overall, its a mixed day of trade in asia. The nikkei 225 lost a ground as investors grip appetite. China markets tread water ahead of their first ipo consumption tomorrow. There are concerns that a few shares may further dampen sentiment. Markets are still trying to digest the state councils new guideline to tighten oversight of the Banking System. Miners lost traction in south koreas kospi ended higher by 0. 3 despite Samsung Electronics gloomy forecast. And now for an individual mover, japans retailing, the upgrader of the clothing change ended lower by 1 today. December sales rose near 1. 1 , but fell short of market expectations. Thats a look at asian markets. Back to you, ross. Thank you for that. Joining us with more now is michael beganon. Happy new year. Nice to see you. Treasury yields, just come back with 2. 95 . Whats your outlook . I think the prospects in the next couple of months are probably for steady yields, which is potentially a bit of a surprise to some people. Well explain it in the following way. The fed have delivered tapering and we expect more tapering on january 29th. The data in terms of the u. S. Employment report should confirm the broader trend for the u. S. Economy. But i think the key thing yellen will do is to break the linkage between tapering and tightening. If you look at the market at the moment, i think shell want to play down sort of those concerns of, you know, tightening coming that soon. And i think that will changing the emphasis on lowering unemployment targets or i think its going to be a multiple of things. Well probably see them communicating that theyre going to take some time raising Interest Rates and perhaps what they might do with asset sales on a longer basis. I think this communication will be critical and i think yellen realizes that. She said that, but she hasnt delivered on it and i think that will be the key theme for the First Quarter. That seems fairly comfortable. I had a guest yesterday who talked about we might get to untapering later during the year. What do you think are the chances of that, the data turns bad and the fed feels like it has to pause . I think you would have to have it generally bad. And the big difference for 2014 versus 2013 is more fiscal tightening in the u. S. So the core prospects are that the u. S. Will do better in 2014 than 2013. Okay. Michael, well come back to you in just a second. Angela merkel, meanwhile, may have suffered a fall. Were going to view germanys latest Employment Data after the break and get michaels view on how he sees gilts versus the likes of treasuries. Across the country has brought me to the lovely city of boston. Cheers. And seeing as its such a historic city, im sure theyll appreciate that geicos been saving people money for over 75 years. Oh. Dear, ive dropped my tea into the boston harbor. Huhh. I guess this partys over. Geico. Fifteen minutes could save you fifteen percent or more on car insurance. German employment ticked up a little bit in the latest data. Annette ya can recap it for us out of frankfurt and give us her assessment of what it means for the economy. Annette. Well, the adjustment, i should say, seasonal adjustment Unemployment Rate remains steady in december at 6. 9 , but there are a number of unemployment declined unexpectedly by 15k to 2. 965 million people. So all in all, the numbers are still very strong. Looking at the Labor Participation rate for last year in total, there are record highs. One can argue that at 3 million euro, we have reach the level of natural unemployment here in germany. So the remaining almost 3 million unemployment are more or less not employable. That is one way of reading it. So a day before jack lew will meet the finance minister in berlin, and he as well has a message from the United States to germany. The u. S. Wants germany to boost domestic spending above all, as well Government Spending because Consumer Spend sg going not too bad, as well. Todays retail data is showing consumers are coming back to germany, as well. The Christmas Season was very good, but the state was cutting back on spending. Because one of the goals of that new government is to actually erase deficits, government deficits during the next four years. So well see more convincing work to hike spending in germany. Most likely that idea will not be liked. Thanks for that. Michael is still with us. The German Economy is doing pretty well in contrast to france. You have a view that bunds will still outperform. Do you think the ecb is going to take more action . Absolutely. I think the critical thing is not so much the data at the moment. Because if you look at the eurozone growth as a whole, youve got good spots like germany, youve got weak spots like france and italy. And taken as a whole, weve got a recovery. If its that kind of low, the market will start to get apprehensive again. The core is already at that level, isnt it . Yeah. But the ecb, inflation will be low. Its a question of how low its going to be. Well see refi rate cuts, probably see a 12month rto. The whole question for 2014 will be one of continuous ecb easing. So that is going to be the story that helps bunch where increasingly in treasuries and gilt, the question is going to be what is going to happen in 2015 . Particularly with the uk, the uk is likely to raise rates before the u. S. Which the market has inflation reports revised looking for spreads to go to 150. Very briefly, becaus