comes to an understanding. >> in china, we see focusing more on the industrial internet, without going to the industrial applications and factory automation the control on machines. and first world problems for wear are warren buffett, the billionaire investors has $116 million to fund but can't find anything to buy. hear from him at 12:00 on cnbc today. good morning, everyone and happy monday let's check in out markets are faring on this very first trading day of the week. and it looks though in line with the index in europe, the stocxx 600 is happening up 0.6% or so you can see that, distributions roughly 8% in the green, versus 20% or so in the red in underperforming. so, it looks as though the week is starting off well in line with the end of last week. and it's less on the economic funds and more going to be focused on some of the political events that will be taking place. specifically, expecting to get a little bit more detail later on, when it comes to the customs union and made as well two features will be what's known and a slew of other earnings to watch out for in the next couple of days or so. back to back, and the xetra dax, and how it's going to materialize next sunday, all eyes on that and the big one, everyone is watching the italian indicator and how things are trading going into that all of had machin-impo on sunday. switching the sectors. every single secretarier in the green. basically swiss up 1.3%. tech sectors, all of these are up more than 1% as well so everything in europe is starting off on a very good start let's go back and take a closer look at what happened in asia. the nikkei was up 1.2% but also really the chinese and what they have been doing. you can see the shanghai composite is up. and interestingly enough after the xi jinping news came out, apparently, all stocks with the word emperor or in the title was up 8%. and with xi jinping to stay in power endefinitely, xi is currently ending the end of his first term in office and expected to step down after two five-year terms. one side effect of the announcement, of course, this is something that i just mentioned, the announcement came with buying stocks with the name emperor in the title and viti also trading sharplied in the green duncan wrigley, chief strategist joins us down the way. i have to ask you about the timing of this, isn't kind of a surprise to you that the communist party came out with this decision, given that we just finished with president xi's first term here >> yes, it was a bit early, i suppose, but you can see the rational for it, because what usually happens during the second term of a top leader, which we're just really starting now, is that the very faction in the communist party start jockeying for position in the runup to selecting the next round of leaders and sometimes, this jockeying for position can be quite distracting. and so removing this distraction, helps the -- you know, xi jinping and the rest of the leadership to focus on some of the more difficult economical and social reforms in the next years. >> do you think this poses any risk in your view to long-term stability? >> i think the immediate future for the next five, ten years becomes more, you know, clearer. obviously, he's very likely to stay on for an additional term and see how that goes. once we get beyond there, well, we have to see what he accomplishes during the time of his administration >> what do you think the implications are in policy, because as far as xi jinping, many points of reform since xi started in march 2013, do you think he's going to continue along those lines or does this open up the field to different types of reforms and perhaps a little bit more aggressive when it comes to some areas >> i think that's right. i think the first term, his top policies, his big priorities were very much in terms of anti-corruption, reforming the military, very few things about sort of stabilizing and rebuilding a power and rese centralizing in beijing. and the other, legal reforms, rule by chinese characteristics. but other key areas which are difficult to move on in the past where we'd like to see financial reform, deleveraging, but also on enterprise reform and land reform, always quite difficult areas. don't you think he would have been able to perceive those reforms with it overnight, in essence, he was unchallenged in that position? >> i agree i think this announcement about relieving the limits on the state presidency is largely symbolic actually, he was already very clearly the top leader that's been clear for the last year or two. appointed core leader two years ago. and last year, his name and philosophy were written into the party constitution so, so, actually, it was very clear that he was likely to be staying on and remaining the top leader beyond his original two terms. this latest announcement about revising the state constitution and the terms of presidency states it's symbolic, although it does confirm his consensus that is now pursuing this longer than the standard two terms. >> how do you think the rest of the world can do this development. do you think it essentially also means he will look to have a bigger presence on the international scale. and be more vocal when it comes to his presence on an international scale as well? >> yes i think we've already seen that trend, you know. it's partly a natural progression as china has become more developed, and a richer country, then, naturally, it started to take a larger presence on the global stage i think there's also partly response to what's happened in america. and the trump, with in some areas, america has seemed to step back in its usual role in pushing forward in some global areas like trade and the environment. and china to some extent has thought to step into those gaps. >> duncan i'm going to have to leave it there, thank you very much for joining us today. that was duncan wrigley from everbright sun hung kai chief strategist if you want to get more on the story, log into cnbc.com to find out more about the social media backlash and the beijing controversial push as well meanwhile, shares in china's geely have surged. geely's holding is worth $9 billion. and makes it daimler's biggest holder, to give geely access to the technology it puts the german carmaker in a tough position and the two are doing a prime investment of $9 billion over the weekend. samsung has launched its latest handset in barcelona, the galaxy s9. the latest device focuses on social media samsung said the most important function of the post was visual communication. and also at the stop of the stoxx 600 very far signing a memorandum of understanding with china mobile it's hoping to capitalize on the rollout of 5g later this year. earlier, we spoke with the ceo of eriksson and asked about the technology >> the interesting thing would be five years. but it would be a month so all of a sudden, you talk about massive iot, where we see devices with ten-year battery life >> reporter: but does there have to be something that drives the man? that people feel that they should have, like a white paper case that people should eat their vegetables >> no, i actually think there won't be a single device that is 3 5g there will be many >> karen, is it all about 5g buzzword that you're hearing >> reporter: joumanna, good morning. a huge amount of buzz and it's here for five years. it is truly back we're talking about it from a number of different perspectives from the consumer and business side and listening to the same conversation someplace something compelling is the narrow downs to 5g, the equipment makers where they're not simply spending money at this point but down the track, not just that, but also the business-to-business aspects of some of the carriers which is the real key for 5g, connecting up devices and batteries >> that's right. i think the carriers are especially excited about this, because it means they can run more services available on 5g, if you think about video and strength and bundling of services as part of their network. it's going to help the carriers. and of course, the smartphone makers if they can bring out innovatives and if they're not willing to fork out the money for the big ticket devices >> we keep hearing about youth cases. what is the business purpose for 5g, and i think obvious ones are when you talk about a factory that wants to automate one machine can't talk to another machine or can't bring back big data, because there is lateenscy. you're going to have car crashes if there's a dropout and a car can't pick up on elements alonged road those use cases, very, very clear. i was just talking to a the head of consumer, and he said he wants to try to contribute to consumers. but we know consumers are willing to pay a lot more for connectivity at this point >> what's going to be key is how account carriers make this relatable to consumers what is the benefit? 4 alongside 5g, the carriers are causing a premium for 5g, and consumers willing to go for a 4g, which is really good >> and it's rollout from separate countries and continents, typically, emerging markets focus is behind the developers in the case of 5g, i wonder if that's the case. i had a fantastic conversation, asking about the rollout of 5g in turkey. take a listen to the conversation >> in industry keyed up zero, it was an industry by telephone, in 4.0, you're go to be part of every single industry. and basically, 5g is going to be a platform there are myths about 5g 5g is not nationwide deployment of massive networks. it's going to be use case by use case deployment for users. investors should be a little more relaxed because this is a business case that telephone companies have to make there's another part of 5g which is going to be touching home entertainment. get ready for -- you know, the tv rooms will be replaced by video mapping and it's going to really touch everyone. that can be a consumer revenue based deployment >> when it comes to deployment, with markets left behind, developed markets got most of the upgrades first, where does 5g come into the mix for emerging markets do you think they'll get there as quickly as some of the developed markets will >> i think the key thing is fiberization of the infrastructure and emerging markets leave people where they stand in terms of the infrastructure of their countries. i think the ones investing in those is able to capture the 5g and change very fast there are challenges in parts of the world, but the cheap prices and fiber everywhere, and cheap prices are the two important mandates >> how is turkey placed to roll out 5g >> you have to continue making investments especially on the fiber side no telecommunications company alone can afford those investments. we need to learn how to work together companies very extremely generous when it comes to sharing infrastructure with the key players. but when it comes to sharing with them, they are a little bit slow we will change that. >> he was talking to me there, and the thing coming up in the conversation, you there see the rollout of 5g being use case it's not a large-scale rollout and we're debating how this happens, because large-scale rollout suggests very deep tapping of capital markets for this type ofup grade and we're just really coming back and naturally, the question comes to the floor, who pays for it europe is quite different than the united states and then china which is pushing very quickly in 5g >> i think if you look roos the regions china is taking a big role as well and some of the biggest technologies rollinging out 5g in some areas of the country in europe, it's very different even he said the issue is we don't have harmonized laws around this so that's one of the big issues because as you see the u.s. take a leading role here, a absolute of the chinese manufacturers looking to get into the market as well. but i talked over the weekend and asked, and are you guys planning to launch in the u.s. despite the difficulties let's listen to what he had to say. >> we always look serious on the u.s. market. the u.s. market is very important to us, but we are very, very carefully leading our resources to serve the u.s. consumer because the u.s. market is totally different than the other part of the world. for example, the smartphone is a carrier season market. we have a lot to do customizations for -- to serve that market. but also, we are bringing a lot of ecosystem products to north america, u.s for example, it's very interesting. >> when can we expect family smartphones in the u.s. then >> i can't tell the time, but, yes, i think -- >> you mentioneded carrier-driven market, obviously very different dynamics to other areas of the world in which you operate. are you worried about some of the anti-china sentiment currently happening in the u.s. and we asaw at&t fall through as well is that a road block for xiaomi there as well? >> i don't think, we're very open to consumers and different countries. so it's very, very crowded the first customer, this morning, 7:00, just wanted to attend our ceremony. we also have a lot of fans in u.s. and new york american they keep asking the president, when do you intend to come to the u.s. i always tell them, you know, we'll be there and also, we're very confident >> the comments from xiaomi, one of the biggest comparisons there is samsung and they launched theirs last night. all of this important to 5g, like treading water with the devices. >> yeah, all of the devices, they've launched those, over the next years we'll see device makers talking about these 5g-enabled devices to support what the markets are doing >> in the meantime, the cameras, emojis, more connected devices that can read our heart pressure a lot of exciting innovations. joumanna, back to you in the studio >> congratulations to you. and hearing what the rest of the week looks for you guys in barcelona. coming up on the show, all of that money and nothing to spend it on. find out where warren buffett is intending to back the cash right after th bakisre e thing in comm. they read more. how do they find the time? with audible. audible has the world's largest selection of audiobooks. books like peak performance... and endurance. books that energize and inspire for just $14.95 a month. less than you'd pay for the hardcover. with audible, you get a credit-a-month good for any audiobook. if you don't like it, exchange it any time. no questions asked. you can also roll your credits to the next month if you don't use them. audible members use the free mobile app to listen anytime, anywhere. ...on the go... or in the car. the audible app automatically keeps your place, no bookmarks required. so you'll pick up right where you left off, even if you switch your phone... ...to your echo at home. get more books in your life. start a 30-day trial and your first audiobook is free. cancel anytime, and your books are yours to keep forever. listening, is the new reading. text "listen 4" to five hundred five hundred to start listening today. jimmy's gotten used to his whole yup, he's gone noseblind. odors. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy. welcome back to "street signs. warren buffett is eyeing another acquisition, but high valuations are putting the famed investors off any big deals in 2018. with $116 billion major test which said it could be a barrier. berkshire hathaway received a $29 billion boost from the u.s. tax cuts buffett also reveals his cut to key holdings which includes apple, wells fargo and bank of america. don't miss the interview with warren buffett on cnbc later today. the markets will get its first real look at the new fed chair this week. investors will be watching closely for any hawkish looks on inflation. and the head of interest rates joins us this morning. should we be expecting anything for mr. powell this week, given how it seems to be >> well, the interest in it is very much about continuity and there's been an improvement in the growth and inflation backdrop in the u.s. and we've seen many economists upgrade their forecasts with the fed hikes this year and next year we'll see if there's any validation of that >> and you say the analysts have caught up with what's happening in market development. actually, when you look at this, it's kind of been hovering for a while. why do you think >> i think there was obviously a big level. we did get there very quickly. and it's in line with where the fed's long-term thought is and now looking at the market, and the data hasn't been uniformly positive we expect that to be a bit of a waning in the momentum of inflation. >> where you stand, would you be a buyer, and think it's a right time again >> yes, we also have bond duration in u.s. and canada. >> obviously, there's been a lot of focus on what it does to your yields and with the two-year yields, but then other people are saying if they hike too quickly, that could be actually a bad thing when you want to bubu ten-year, which part of the curve do you look to >> we're thinking it's raising rates more quickly than the market expects we'll see how high that goes in the u.s. short-term in the u.s. more value in the front end in canada it's interesting to see how the markets have been driven higher by the u.s. and that value as well >> talking about other markets, you have a big election coming in europe, just in a week's time, the italian election how are you thinking about that here >> we're also focused on italian bonds. we saw a tightening as we came into the year, more recently it's been a bit more volatile. europe, it's pretty positive so that's helping the rates trade much better as well. >> on the margin, you're hoping for a little bit of a shakeout in the italian stocks? >> yes >> you're not concerned about it >> no, it's always quite difficult to think about what the impact is on government bond yields i think that government bonds are pretty underinvested at the moment so, we think it needs to come the other way. >> what do you think the biggest risk for fixed income in europe is going forward >> i think the biggest risk is if it continues to improve in the u.s., and we start to see more hawkish movement coming out. i'm less worried about the impact on the longer end but i think it will be pricing higher in the front end will put more pressure on it. >> absolutely. thank you very much for coming on the show. that was the head of interest rates at china investors coming up on the show, has britain's opposition for the brex the find out why the leadership could prove a headache for the prime minister i'm joumanna bercetche and these are your headlines chinese president xi jinping moves to consolidate his power as the communist water is scrapping the two-term leadership limits allowing them to rule indefinitely china's geely becomes daimler's largest shareholder. trading sharply higher in hong kong samsung sets up the clash of titans launching the s9 to take on iphone's x. and first world problems for warren buffer fet ren buffett. he has money to fund but can't find anything to buy hear from the man himself at 12:00 here let's take a look and see how u.s. futures are trading this morning it has a good end to the week last week. with dow and s&p ending the week higher than the average. and all signs pointing to a very healthy start again this monday morning. the dow was seen opening up 160 points higher. s&p about 12 points higher all eyes as we were just talking about is going to be on the powell testimony tomorrow and next week. and looking for any clues on whether it will be a bit more hawkish. so far, they're definitely keeping that in their sight. switching to the european markets, again, the ftse 100 is up 3%. xetra dax up be .7, but 20 minutes ago, it has come down a little bit since we last looked at it. but back up 0.5% and xetra dax. and ftse, the big one this week, ftse mib, up 0.3%. switching through foreign exchange, and last week was actually the first week in a while that the dollar changed. that is not what we're seeing this morning is dollar weakness again. euro dollar is 4% stronger and it's about 0.25 percentage point up and up 1.4050. and today is more about the dollar weakness. also in the uk, the leader of britain's opposition labor party is remaining in a union with the eu post-brexit. in what could be a major role for theresa may. jeremy corbyn is emphatic that the relationship to block. the decision by the labor leader could prove damping to may she faces the customs ruled out previously and the conservative led government faces a prospect of defeat should labor back the motion now, may delivers her own brexit speech later this week as well it's a big week for the uk and in earning news, bank of ireland has announced the dividend for the first until a decade 11.5% per share. it opened with underlyiie inyini of 1 billion euro. in dublin, with the news of page out the dividends, what can you tell us? i know you talked to the ceos. >> reporter: yes, so that dividend equates to around 124 million euros, joumanna, of about 17 million goes to the irish estate because the irish bank bailed out. you mentioned the profits 1.1 billion are actually down from last year which is one of the reasons where the markets are say we're not all that impressed. same as last year's numbers down very slightly. and insisting that all divisions of the bank were profitable but clearly investors are seeing concerns one of those concerns is impairment charges around the misselling of mortgages and use of incorrect charges it seems to have affected more than 14.5 million bank of ireland investors. >> we confirmed that the position that we've taken for tracking mortgage issues, we're making good progress in getting money back to customers. and their redress and compensation and a personal commitment to doing that, when i first arrived back in october. and we've got 92% of all impacted customers have been contact and made an offer. and i'm very committed to drawing a line under that for the customers themselves but also so we can focus on continuing to grow our mortgage business i apologize for what's happened, and focus on it now. >> a year ago, though, the bank was saying they set aside 25 million euros. now, you are set ago side 170 and paying that out already. what's happening without you saying, i promise you, it's over >> i think we've focused on exhausting this whole issue. 117le million taken to date are the right ones, and we have already made our first payback, 114 of that total. we are on track to achieve a compliment to have contacted every single customer, by the 31st of march. we've learned lessons from this. we've really challenged ourselves to be more customer focused. and i'm confident that this is the end of the tracker issue based on everything we're seeing i've spoken to customers, i've listened to calls, i've met customers who have been impacted we're very vested in addressing this >> i think no one is questioning that there's a trust factor when it comes to the irish bank sector you come from a bank that has its shares of troubles how is it different in a smaller country like ireland when you're not working on a global scale like hsbc? >> so, we're not the bank of ireland. but we do have an important position in selective markets. the thing about trust is an important one. i think the response to the tracker issues is on trust and bankers particularly in ireland. we've reset our purpose. and that's been an important thing that i've done with my team since arriving. and our purpose is to enable our customers, our communities to thrive behind that we've got key values that i'm expecting every single one of my team to roll model and we've got fantastic goals in the business in focused on developing relationships we're obviously doing that with the new business and mortgages 29% market share in the last quarter of last year i think shows the amount of trust and confidence that our customers have in the mortgages that we're offering today >> joumanna, one of the things that the bank is going to try do do this year is re-enter the mortgage brokerage market. we heard that 117 million set aside to give some of these customers. they've not actually tracked down all of these customers yet. some of these customers have lost their homes by the errors by the bank. more than a dozen have lost their homes. some receiving more than 300,000 euros in compensation. so this has been an ongoing issue. >> clearly, it appears as though, as far as she's concerned, has a monumental task in retaining the reputation because the bank of ireland has been aligned with these legacy issues in the past did you get any sense of what it's going to be like going forward? >> well, she's been proactive as an individual. she was testifying a few days ago to parliament on this issue. she's personally apologizing again and again and again. it seems in the last six months, she's repeatedly had to apologize for transgressions before she took over in this role in terms of the bank, there's a sizable amount of underperformingloans, 6 billio euros left on the balance sheet, about 4 billion of impaired loans left on the balance sheet. and these are things she's working hard to try to reduce. what they're trying to do, 9 million euros to improve the digital structure here in ireland. a case where a lot of branches are still in rural parts of the country, trying to serve very difficult to reach customers and that's something successful for the hsbc, they did it while cutting half of the banks in the uk while she was in charge of the retail division there. that may be something to watch for with the bank of ireland under her tenure >> definitely something to watch here over the next year or so. thank you very much from dublin. highlights on ab foods, profit weak this year. weak sugar revenues and sales are expected to increase 7% of currency they said earlier, spring and summer rates have been good. and deutsche bank list dws reuters reports it will likely happen in mid-march with a 25% up to 2 billion euros. german chancellor angela merkel will take one of her biggest critics to her cabinet news comes as a way for many to please those who feel merkel needs to refresh her inner circle merkel talked about the reappointments >> translator: i think back and now we will do well just like others, jens spahn is not the only one who makes critical comments that is okay and then there are those who make a big difference. i believe he wants to contribute to that, just like all other cabinet members. >> italy's prime minister sill vee joel ber loyojoel bevial yo coney. he promised higher pensions and less taxes >> just one flat tax, lower than the other taxes which we have had before the same for families and companies. for this, we have a formula, called the formula of growth and well-being the formula consists of less taxes on families, less taxes on jobs this will put more money in family's pockets increase production for companies and produce more jobs. >> you do wonder how they can do that with 130% but that is a different matter >> the leader has promised to put italian citizens first during a campaign rally in milan, he has a copy of the bible and wanting to be faithful to his people while taking a tougher standing tougher stance >> translator: it's related to the fact that it takes care of its citizens as other european countries do i was reading about macron's reform and the granting of asylum in france i fully share it this is exactly the kind of role we want to role. >> lega is part of it. according to the latest polls they're set to win the most seats with an outside majority we spoke with the commissioner of italy market regulator about the impact it could have on it he told us he's not concerned that a win by the right will hurt his organization's independence >> i was appointed two years ago by the government with one of my colleagues what they are -- the chairman just was appointed by the bberli government i think our independence will not be affected. history in the last 20 years showed this. >> and for more on italy, ahead to our website and the votes which could help rebalance the power. it covers the main candidates, the potential outcomes and whether we will see a return of the former prime minister. of course, don't miss the coverage of the italian election, we will be live on wednesday, in italy. elsewhere in the u.s., the gun control debate reaches fever pitch, but will the u.s. government be able to make it? we'll have more after the break. these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home welcome back to the show president trump says discussions about guns should be high on the agenda tour u.s. governors as they meet this week. speaking at a washington dinner ahead of the governor's meeting, president talked about governor rick scott for his actions cutting back a higher age limit for weapons and a ban on bump stocks that allow weapons to fire faster, but the nra has pushed back on gun control proposals. u.s. house democrats have accused republicans of trying to undermine the russia investigations it comes in a memo saying that federal investors abused the law while investigating the meddling in the 2016 elections. democratic leaders have called the law with president trump calling it an legal bust kelly o'connell has the latest >> reporter: tonight, democrats get their counterpunch the much controversial memo deal classified >> it was dubbed a nothing burger for good reason >> reporter: ten pages with some still blacked out now public challenging a republican-made allegation of partisan bias at the justice department it was a surprise announcement from the gop chairman applauded at a conservative conversation >> what you're not going to see is anything that actually rejects what was in our memo >> reporter: democrats argue the department of justice followed the rule fairly in the russia investigation. democrats say the fbi had ample reason to believe trump campaign aide carter page was acting as an agent for russia when they sought surveillance on him they also dispute republicans' claims of partisan bias about a key informent from a british officer christopher steele in steele's salacious dossier about candidate trump was presented to the fisa court. democrats insist the fisa court was told that steele was, quote, hired by politically motivated u.s. persons though not specifically that the dnc and clinton campaign had claimed >> they are advocating that it's okay for the fbi and doj to use political dirt paid for by one campaign and use it against the other campaign >> reporter: the top democrat adam schiff says the american people deserve to hear from both sides. >> these attacks on the hard-working people at the bureau do do disservice to them. and they're designed to undermine bob mueller. they're designed to distract focus from the russia investigation. and the founder of a u.s. cybertechnology firm joins us on the line sir, look, it appears as though the intensity of these attacks has increased quite a lot in the last year or so. would you go as far as saying cyber attack is the modern form of warfare >> well, certainly, cyber is apay rt a part of warfare. a lot of are having data stolen. attacks like wannacry which the u.s. government attributed to north korea and caused billions of dollars of damage and attributed to russia >> what are the factors that are those exposed? >> one of the sectors most impacted by the impacts ironically is hospitality. what we're seeing every single nation state is trying to get into hotel networks in order to spy on registration systems to figure out when vips might be coming to their particular hotels to target them. they're targeting wi-fi systems in the hotels to compromise guests and criminals are going after hotel guests to steal credit card numbers in addition, we're seeing targets extended as well >> i want to talk about prevention i was just reading in your piece that 39% of the incidents in 2017 were malicious software that went undetected by traditional anti-virus so what should users do here to protect themselves >> well, in addition to the staff you that just quoted another staff that we found the so-called breakout time. the time it takes for a company to break out and compromise and stretch other networks in the system to essentially bury themselves deep so they can steal data is one hour and 52 minutes, almost two hours, that means speed is critical. one thing that we do all the time is focus on key metrics there's a time for detection of a threat time for investigation of a threat and time to clean up of injection to the network an investigation is focused on one minute to detect ten minutes to investigation, one hour to clean up >> is it in a sense you have to get faster firewalls in addition to coming up with anti-virus technology >> well, one of the things that people have to realize that a well-determined attacker will get in they will be be able to get someone in the organization to click on a link and visit a website and get the machine compromised but that doesn't mean that a breach is going to occur because that means that machine is not likely the target there are others they have to get to speed of the response is critical speed of the detector. that's what they're focused on >> they're certainly hearing more when it comes to cryptocurrency space as well is that something that investors should be mindful of >> no question one of the actors active in that space is actually north korea. in addition to what we're seeing with attacks like sony pictures, we're seeing them go after the financial system and trying to steal literally hundreds of millions of dollars both from the traditional banks as well as cryptocurrency exchanges literally hundreds of millions of dollars of bitcoins have been stolen by the north koreans to fund their regime. >> as an investor in their space, how can you expect yourself against the potential of being hacked by these state sponsored enterprises? >> well, you have to focus on doing business with organizations that are taking cyber security seriously they're being proactive. they're reporting on metrics in regard to security one of the things we see in the states you have a lot of new startups that you have with people launching the company they really are not focused on cyber security and they're covering from these incidents. >> very quickly, sir, who would you say are the biggest offenders when it comes to hacking in the states? >> well, you really have the tom four as we call them, nation states that are the biggest offenders. those are north korea, russia, kle china and iran very active in that space. the government works on stealing data as well as engaging and disrupting activity. in addition to that you have cybercriminals that are also very active in going after financially motivated clients. credit cards and breaking into bank accounts and the like >> thank you very much that was the founder and ceo of crowdstrike, cryptocurrency and cyberthreats a quick look at futures. the dow up 170 points. otherwise, that's it for the show i'm joumanna bercetche "worldwide exchange" is up next. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. i love you, basement but sometimes you stink. febreze air effects doesn't just mask, it cleans away odors. because the things you love can stink. market alert wall street points to a higher open as investors look to extend last week's gains, we'll tell what you to watch in the day ahead. cutting ties, the backlash grows against the nra. the fallout ahead. and the china power play, what the world's second largest economy just did that could leave xi jinping in power indefinitely it's monday, february 26th, 2018 "worldwide exchange" begins right now. good morning and welcome to "worldwide exchange." on cnbc. i'm mornin

Related Keywords

United States , Russia , United Kingdom , Barcelona , Comunidad Autonoma De Cataluna , Spain , Sweden , Germany , Xiaomi , Fujian , China , Switzerland , Italy , Beijing , North Korea , Fiji , Canada , Ireland , Turkey , New York , Dublin , Washington , North Koreans , Swedish , Chinese , Italian , America , German , Britain , Irish , Viti , Swiss , Bob Mueller , Xetra Dax , Jens Spahn , Jeremy Corbyn , Warren Buffett , Duncan Wrigley ,