Operations become subject to new federal rules. And bank of england govern mark carney may have dropped his Forward Guidance target, but could uk unemployment fall below that 7. mark . Data is out in 30 minutes time. Display youre watching worldwide exchange, bringing you Business News from around the globe. Good morning, everyone. Ross westgate is still out. Hope he gets better soon. Julia chatterley is going to be back on the show tomorrow. On todays show, though, beermakers carlsberg is the latest to boost its dividend after strong sales in the Fourth Quarter. We ask the if the fizz will continue this year. He joins us live for a first on cnbc interview in about 30 minutes time. We take a look at how much money the free app producers actually makes. President obama heads south to mexico for the three amigos meeting with his canadian and mexican counterparts. Trade talks set to top the agenda there. We get a preview later on. And your cup of morning joe may be getting more expensive. Coffee prices state a historic gain as traders worry about supply problems in brazil. We get the buzz on that. Meanwhile, were watching the scenes unfolding in ukraine. Youre looking at a live shot in kiev. We will keep you updated on the latest. The death toll has been ridesing by the hour. Once again, well get the latest from moscow with our very own jim maceda. Meanwhile, foreign banks have until 2016 to meet requirements and apply to fewer banks than in the initial jobs. Big banks with more than 50 billion in u. S. Assets will have to set up an intermediate Holding Company and be subject to the same capital and liquidity tns standards as u. S. Bank. The fed estimates 15 to 20 foreign banks will be affected. Some have pushed back against the plan because it would force them to transfer costly capital from europe. Checking in on some of the shares which will be affected, Deutsche Bank down by 0. 7 . Barclays actually feeling the brunt of the losses off by 2 . Credit suisse and ubs fairing a little better, down by 0. 2 and ubs down by 0. 6 . Annette is standing by in frankfurt to cover this story. What does this mean for the german bank specifically . Well, actually, only one german bank and that is Deutsche Bank, as far as we know. And the plan actually was known for pretty while. It was back in 2012 and it was introduced or at least discussed at first by mr. Torolo of the fed. And now what we are having is actually a little bit of a. Ment of those capital roads to be interviewed only by 2016 and also the leverage ratio will only be 3 instead of 5 , which was previous discussed. So in the longterm, its a net positive. But in the shortterm, of course, now its pretty clear that Deutsche Bank is one of the biggest play on wall street has to hold quite a lot of capital against their assets. Morgan stanley is estimating that for deutsche alone, it will be up to 8 billion u. S. Which they have to hold against their assets in the United States until 2016. So its quite a lot of mope also for europes biggest bank. Another factor that they will have to pay higher interest expense, higher Interest Rates and that might lead to higher interest expenses up to 600 million euro according to Morgan Stanley analysts. So all in all, it will be more costly to make business in the United States for deutsche. And that comes at a time when its looking into expanding its business overseas because there is growth. Its not in europe. Back to you, carolin. Annette, thank you so much for that. Our next guest has put back his rate on european ratings. Joining us now is chief investment officer, steve tolo. You took off that equity overweight position on january 15th. That was about two weeks into the sluggish start to the year. You put it back on. Why is that . Is it all about valuation . Its about sentiment. Its more about sentiment because we know valuation can rise higher if the sentiment is there. At the beginning of the year, we were growing increasingly concerned that the sentiment wasnt there. We didnt think things would normalize as quickly as they did. Weve had a bit of a reset in the market now that weve had the 5 drop the the emerging market contagion doesnt seem to be contagion. Were happy to go back to our overweight. Earnings were mediocre on the side of the pond and the u. S. We see emerging markets will take years to undergo the external rebalancing. But thats exactly the point. Nothing has changed. Its just sentiment at the moment that is driving markets up and down in fears and those fears are actually quite good for where we are currently because it tells us that markets arent overvalued, that they can go further because earn vesters are still quite cautious about assessing what the value holds in the future. So what do you do if the market takes another leg lower . Is this another good buying opportunity . Most probably, yes, but obviously, it would depend on why theyre going lower. If we get some big, external event then, well, it could be different. But, yeah, most likely it would be another buying opportunity. Its quite interesting to see what the great rotation that everyone was so excited about never really happened, did it . At least at the start of the yearended december, we see treasury data indicating overseas investors sold 120 billion of u. S. Assets in december and europe tnd continues to see inflows within those equity flows. Is that warranted . Maybe from a growth perspective, not so much. But the growth still favors the u. S. , doesnt it . It does. But the u. S. Has gone a very long way. And just to pick up on your earlier point, around the great rotation, well, i think actually last year we saw quite a bit of a rotation by not being invested in gilts and other treasuries have benefited quite a lot from that position. We have always expected this to be a more gradual affair. We were somewhat surprised by the sharp movements last year. We are watching the bond market carefully, but we dont think its time to get back into government bonds for a while. Not quite yet. Thank you so much for that. Meantime, italys Prime Minister is set to meet with Silvio Berlusconi this morning. Renzi is now the third leader in a row appointed by the president , not by the people which berlusconi has criticized saying it is not a democracy. Renzi could present his list of ministers later this week. This has a number of key names, including the ceos of vodafone have reportedly turned down his invitation to the government. Are you concerned about what youre seeing on the ground, on the political front . I think its great that the markets are taking this positively. Clearly, italy needs a bit of an acceleration on reforms. But then, at the same time, markets want stability and obviously renzis 100day plan is not really about stability. Its about upheaval. Its about really changing the system radically. We really take heart from the fact that the markets take this positively. Its a great investment for him. Are you invested in italy . Yes, we are. Lets get back to one of our on other top stories. The death toll in ukraine is now estimated at 25. This marks the countrys Bloodiest Day since it marked independence over 20 years ago. Jim, any update on the death toll . Because it seems to be changing by the hour. Hi, carolin. Thats right. Because the street battles are ongoing, the death toll and the wounded continues to rise. As you say, the death toll is still at 25, including nine policemen, all of whom were killed by gunshot. This morning, it continues. Eyewitnesss are saying its looking like an insurrection there on kievs square. After a night of street battles between protesters carrying stones, clubs, some wearing helmets and body armor, trying to hold their ground but are being pushed back slowly by riot police or using flash bangs or stun grenades or using water cannons. The police now seem to control about half of Independence Square while some protesters have taken refuge behind their barriers. The number of injured is also rising, in the hundreds, some 250 we understand seriously wounded and in the hospital. Also one local journalist has been reportedly shot and killed in the may lay, as well. We know the opposition a leader has been trying to talk to mr. Yamakovich. What could the next turn of events possibly be . Well, first of all, there was an 11th hour meeting between ukraines president and opposition leaders. That led to nothing nowhere. No compromise. No deal has been reached. On the contrary, this morning, yanakovich came out after that meeting issuing a defiant statement saying to the opposition directly it must separate itself from the more radical protesters or else acknowledge that its opposition leaders are, in fact, supporting those radicals. The bottom line is this is a stalemate. It remains a stalemate. Theres no end in sight to the violence. The u. S. And europe are calling for a return to negotiations. The kremlin, meanwhile, here in moscow is telling the west just to stop metaling in ukraines internal affairs. So theres no clear cut wait out at the moment. Thank you so much. We also have a live shot from you from kiev. What youre seeing is very tumultuous scenes and well get more updates on this story throughout the show. Another hot spot, 3,000 protesters are rallying outside the thai Prime Ministers headquarters following a deadly day of violence. Five people were killed yesterday were 65 others wounded. A Police Official says they will hold off on their aim to clear more antigovernment protest sides today. Fresh corruption charges are fueling opposition rage. Lets take a look at the stoxx europe 600. It is down 0. 2 . We started in negative territory and rebounded just a little bit. Were coming off a fairley cautious start to the trading day. We get more data oust of the uk in terms of jobless numbers and boe minutes. The xetra dax is off by 0. 2 . The ftse 11 00 is off by more than 5 points. Keep in mind that the stoxx europe 600 has rallied by over 6 in the last two weeks. What were seeing may be a bit of profit taking after that strong rally. Lets show you where the currency markets are trading. Once again, we are seeing about dollar weakness. Euro dollar, pretty flat now, 1. 3754. Coming off the session highs, close to that sevenweek high. Dollar yen, down below 0. 2 . And the aussie dollar is still close to those fiveweek highs that we saw yesterday, just above the 0. 90. Keep an eye on stable. Sterling dollar is up by around 0. 25 changing hands at 1. 6720. We get jobless numbers and we get boe minutes this morning. Yesterday, of course, sterling taking a bit of a dive after we got tin flagz numbers. The first time it dropped below the boe numbers. Lets check in on asian markets. Li sixuan is standing by in singapore. Thank you, carolin. Markets rebounded as investors eyed tomorrows pmi daddy. Property developers led the gains. Over in japan, the nikkei 225 pulled back after yesterdays 3 surge down by about 0. 5 . Financials lagged behind, but canon gained about 2 after it announced a Share Buyback plan. South korea, kospi sell off from offshore investors dented the weak u. S. Data. And down under, Solid Earnings continued to lend support to the aussie market. And the asx 200 ended higher by 0. 3 . As for individual stocks, weve been watching dongfeng. Peugeot and the government will each invest 14 as part of a rescue and partnership deal. But the milliondollar question is whether dongfeng is going to be able to gain key engineering knowhow and technology. Shares reacted quite differently in shanghai and hong kong. Hshares gained 2. 3 but hshares off by 1. 1 today. Carolyip. Thank you so much for that. Googles glass has joined the mile high club. How are the glasses being used . All the details, next. Fifteen minutes could save you fifteen percent or more on car insurance. Everybody knows that parker. Well, did you know auctioneers make bad Grocery Store clerks . Thatll be 23. 50. Now. 75, 23. 75, hold em. Hey now do i hear 23. 75 . 24 hey 24 dollar, 24 and a quarter, quarter, now half, 24 and a half and. 75 25 now a quarter, hey 26 and a quarter, do you wanna pay now, you wanna do it, 25 and a quarter sold to the man in the khaki jacket geico. Fifteen minutes could save you. Well, you kn what is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Uk unemployment data for january is due in around a few minutes time. Will uk unemployment fall below the 7 level . In recent days, carney dropped his guidance instead saying policy would be dictated by a range of measures, not just unemployment. Still with us is lothel mantel. How big of a to what extent does this hurt carneys credibility . How embarrassing is this . I think overall, it is a bit embarrassing. Is it so much an embarrassment for carney . Unfortunately hes the spokesperson for the bank of england and for the mpc. But my suspicion has always been that this whole thing around unemployment and just having a single measure was to get the mpc behind him when he first came in and pushed these policies through. So im a great fan of carney and i think its probably better to do it this way than just raising rates for the sake of raising rates and remaining at utmost credibility. His credibility will be underpinned by progress in the economy, not whether hes never made a single mistake in his pr. But now the Forward Guidance becomes very, very complicated, doesnt it . Do you have an as asset manager understand it . The goal is for consumers and Business Leaders to understand it. Do you understand the 20 plus indicators . What i understand, hes telling me, is that he will not raise rates for the uk consumer that is what well watch for. That is, from my perspective, not as complicated as what they make it. Thank you so much for that. The deal is done. Peugeot and Chinas Dongfeng have agreed to a 3 billion capital tieup. Peugeot at net loss was slashed by half last year. Stephane joins us now with the reaction from paris. Stephane, this is basically people covering the shorts, isnt it . Yeah, absolutely. Although the announcement this morning was exactly in line with what we were expecting. Peugeot is launching a capital hike of under 3 billion euros. 14 stage in the carmaker. And as also, we were expecting the peugeot family would face a dilution, although its going to invest more than 150 billion euros to maintain a stake of 14 . So we will have three main shareholders for peugeot, dongfeng. Its exactly the speculation, the leaks that we had in the last few days. Peugeot reported this morning its full year results. There, there was a bit of disappointment because the loss for the full year was wider than expected. 3. 2 billion euros. The average forecast was 1. 5 billion euro for the last of on 2013. But still, the deal with dongfeng was really offsetting the disappointment on the earnings. Stephane, thank you so much for that. Joini ining us now in the studi hahol. What do you make of the actual numbers today . The numbers from peugeot were already. Theyre making some progress in what is a really, really difficult environment. The European Market was very, very week last year. Utilization levels were low and peugeot has been losing a lot of on market share. So theyre doing the best in a very, very difficult situation right now. But things are improving, arent they . The cash flow rate was flowing. Yeah. It is flowing and clearly the cash flow is not as much as it was in 2012. But in the second half of the year, they still burned between 1 and 1. 2 billion euros, which is equivalent to three euros per share. The reality is theyre not out of the woods just yet. How much of a difference will it make for peugeot . It cant face the underlying of weak sales in europe and very low Market Penetration in asia. Thats right. Clearly injecting 3. 7 billion euros in the business will allow them to make some Strategic Decisions they havent been able to make. They can obviously invest in some of the technology. What is clear is they have a 3. 7 billion injection here. Volkswagen spends 6. 8 billion in r d. How can they compete . It will be very difficult. Which of the automakers do you like the most at this point . What about vw, as well . The germans are a very Different Company from the french. They make a lot of money abroad. Volkswagen has over 50 of its market share globally. So its a very different business. We much prefer the germans in the Business Model. The only one we currently like is bmw. It has the best brands, it has huge cash on the balance sheet. But best of all, the cash conversion is real. Thank you so much for your thoughts this morning. Virgin atlantic has begun testing its google glasses with its staff as part of a sixweek experiment. Virgin hopes staff will be able to better serve customers by identifying them as they arrive at the airport and being able to arrive and call up all sorts of information like dietary requirements and flight information. How many bags theyve got, their mileage in their accounts, that sort of thing. Really, its trying to on alleviate the amount of paperwork they have at the airport. Looks like a normal watch, but when we get the information across to us, we can see everything that the passenger needs to see. We dont have to grab paperwork and see that. We can just show the passenger if need be where theyre going, what information they need and require. Very interested, the customers are, in the new watch and theyre all asking questions about it and trying to see how it works. We didnt notice the gentleman with the glasses to start with. It was only when he told us that they were new when i noticed what they were. But i mean, it obviously made his job very smooth and easy. Thats great. Google plans to make its glass device available to the public later this year. Ahead of that, the company had made up an et quit guide for users. Among the biggest dont, don