that's all for this edition of "dateline." i'm craig melvin. thank you for watching. [music playing] hello and welcome to street siebs. i'm carolyn rocket. inflation rising, sending the ftse 100 lower and sterling spiking as they tear back for a first rate cut. investors slamming the brakes on european carmakers. this is following the slump the month before while the ev market

share remains steady. >> reporter: here at the summit in paris, artificial intelligence is the talk of the town. the head of cisco tells me the ai prize is up for grabs. >> if you're an investor and you invest in ai stocks and you do it consistently, you're going to do very well. there are going to be a number of train wrecks. >> we'll be hearing from the publicis chairman levy this hour. wall street projecting things could triple directly through volatile trade.

good morning, every even. great to have you on the show. let's get back to the uk. uka coming in but continuing on a downward trend. ry shih tzu neck said inflation is back to normal saying brighter days are ahead. that had a pretty sig kamtd impact on marketing. traders now see only around a 15, 1-5 percent chance of a rate cut in june. that's sharply lower than the 50% expected before today's inflation print with under 40% basis points worth of cuts expected by the end of the year. let's have a quick look at the asset markets.

the ftse 100 is leading, down by 0.4% given that traders are pairing down hopes of a rate cut. sterling/dollar seeing that spike. sits on 127.34 by 0.3% on the day, and we did see that big spike when it came to the yield picture across the uk curve. when it came to the two-year yield, we saw a 15-basis point jump on the day. when it came to the long end of the curve, we saw yields popping by ten basis points. currently the 10-year yield sitting at 4.622%. the uk homebuilders are looking at the rates. no surprise. down 1.23 of 1 percent. the banks cl are so sensitive to interest rates and we're seeing very much a mixed picture.

lloyds group up by 0.9%. arabile has been following the uk cpi story all day long. that's a pretty big cut. >> i guess it goes along with the reprising that you see. this is a drawdown from the 3.2% figure we had in march, 2 p.23%. it's still higher than the market had anticipated. the market had 1.21%. even closer to bank of england's 2% target rate. the anticipation was if you had anything lower than that, then june as a rate cut story was certainly in play. that has shifted along quite significantly. in fact, now moving into the first fully priced rate cut is

actually anticipated in november, and that is very interesting to note. the core cpi print 3.9% is the figure that then came on versus the 3.6%. it's about the inflation data that we'll take a look at. these have been interesting. they still print, remaining around that 6% number. the market had hoped that would drop off to 5.4%. bank of england was hoping for a 5% figure. that has been of concern then to a lot of policy makers, and it remaining sticky right now is another key reason why you're seeing the number for it to stay pretty much still at 2.3%. on the other side, you still did have a notable decline. that went down around 13%. that is a significant decline, which, of course, did help the figure drop down from 3.2% to 3.3% as we see it.

there is another cpi report, however, of course, before the next rate meeting or mpc meeting by the bank of england. that's anticipated on june 19th. that will be something to look out for. of course, rates still at the 5.25% figure. caroo carolin. >> jeremy hunt said the impact of inflation is still being felt. >> i hope it's good news. it's returned to much more normal levels, and the bang of england who decides these things independently is confident that it's reached its target rate and it will stay there, they can bring doubt interest rates. that will be good news for mortgage holders, but families whether be feeling bruised even

the last couple of years. even though inflation is going down, prices are up from what they were a few years ago. predicting our economy will grow over the next six years faster than france, germany, italy, or japan. let's get a whole lot more on this. thank you so much for taking the time this morning to dissect the numbers with us. you had a good look at them. is june completely off the table? >> hi, thank you for having me on the show. yes, as you just outlined, we saw a notable surprise in services. the bank of england looks at three elements. the labor market, wages, and services. it does diminish the prospect of a cut. a rate cut this summer is still a prospect, but with we need to see. i would note we did expect some strength in services inflation.

you and i had received emails from internet providers around april of the fiscal year. but the upside surprise was stronger than anticipated, so it definitely does cloud the prospect of a cut. >> just like the fed, they're going to be very closely watching the data now. we're very much data-dependent. we have another meter as arabile outlined before the next meeting, but what needs to happen to make sure the boe is cutting if it's being pushed out in august. what do you want to see? what do they want to see? >> why are central banks 50e67b contemplating rates. the reason being is that the policy rates that were put in place six to 12 months ago are no longer warranted. uk inflation peaked at 11% in october 2022. it is down from those levels.

and so that is why we're contemplating cutting. coming back to what the bank of england has told us, they have three. labor market data has been volatile uncertain, so there's been a lot of emphasis on what happens. you need to see the labor market continue to be balanced. wage needs to come down. it's at 6%. too high to be compatible. generally estimated to be around 3.5%. we need to see services inflation with deceleration gaining traction. >> that's absolutely key obviously. what does it mean for the gilds mar sector. t the gilts have been nice, juicy. what is the attraction?

>> ilt's going to be a bit bearish. you make a good point. institutional investors have taken note. they're rebalancing their asset allocation from equity into bonds. our survey shows insurers are looking to do the same. i think one of the investor cohorts that's not yet increased allocations as much is individual investors, especially along the generational lines. i'm a millennial, born in the 1990s. so we're in a new yield era, so we're going to see more investors begin to engage with bonds and try to lock into the attractive cycles >> i would like to talk about the political cycles. i know you're not a political access. i was wondering. in the u.s., biden is not getting any credit whatsoever for any falling inflation rates.

are there any indication for the marketings for politics as well? now, let's move on. patience was the word of the day on tuesday as a chorus of fed officials waded into the rate debate. susan collins argued that we're in a period when patience really matters, saying that it will take longer than she previously thought to get inflation back to target. raphael bostic said he's in no hurry to cut rates, saying he, too, would prefer to wait longer while forecasting a single rate cut in the fourth quarter. now, federal reserve governor christopher waller also preached composure, telling cnbc in an exclusive interview he does not see a cut on the cards at the moment. >> i don't think there's a lot of upside risk. like i said, things could change and rate hikes could be on the table under some scenarios in the world. right now i don't see that as the case. right now we stay there for

months. if we get enough data going to right way, then we could think about cutting rates later this year, beginning of next year. >> meantime ecb president christine lagarde says, quote, there's a strong likelihood rates will be cut on the assumption data reinforces confidence that rate inflation will return to the 2% target in the immediate term. in an interview, lagarde said she is, quote, really confident inflation is under control. our guest is still with us, of course. so we're getting the divergent comments coming from the ecb and the fed. we know christopher waller, he's quite hawkish, and he wants to wait. he's urging investors to wait, and patience is a virtue essentially. we're back to the same story we were at before. even if we got a softer than expected ci last week, thit's

still going to be data dependent. >> yeah, exactly. i gave a c plus grade. the c stands for cautious, not confident, where the ecb is more confident. we're seeing this divergence open up between the banks. the bank of japan is doing steady normalization. the ecb is set to cut in june. like we discussed, the june cut is going to be delayed. all of this creates interesting opportunities for macro investors. we've had several upside investors, but we've had four downside surprises, and so it actually argues for performance in canadian, swedish rates. it's a very opportunistic environment. >> i want to pick up when it came to the fx phase. people were really sitting on their hands.

do you see more volatility coming back here because we're seeing that divergence between the big central banks of the world. you say there's some real interesting trade opportunities here. >> yeah, absolutely. we're looking at things to pick up. it's been interesting that it's been submitted given the uncertainty with still unwinding distortions from the pandemic, the energy price shock and the ordinary seasonal distortions you get on record. so you've got lots of things that could create uncertainties, so you definitely do think that's the prospect. >> overall sentiment, whether we talk about equities, fixed income, whether we talk about bitcoin, any asset class out there isn't extremely positive. you could even use the word exuberant. i was talking to my 9:00 guest about this yesterday. is it warranted, or is there something out there that we're not seeing because now i'm seeing this headline in "the

wall street journal" says investors are snapping up junk bonds and no one is worried about recessionary risk. are we too complaisant about certain risk out there? >> first, i would wonder why they're that way at the moment. it looks like the u.s. is on the path to a soft landing. that may derail the fed's cutting cycle. growth is good, but momentum is slowing. when it comes to the high yield bond market, i don't see that it's higher today than it was in the past. default activity is still relatively muted. one of the factors supporting this sentiment is corporate earnings. companies still appear like they're able to service their debts. credit fundamentals still look healthy. >> you sacred it fundamentals do look healthy, but our investors, let's stay with high yield. are they actually compensated

for the risk that they're taking? >> that's a great question. look, in the investment grade credit market, fed's at the all-time tight. that's key to acknowledge. they're tight for a reason. economic growth and earnings growth is still positive. like i mentioned, credit fundamentals are healthy. and the market, the backdrop is important. imentioned pension finds, insurers, all looking to capture importantly attractive yields, and those higher yields actually compensate you for any potential further rise in rates. so it's higher than it was in the past psych >> what should your allocation be to fixed income right now? a lot of people are still in cash because that will give you a good yield. equities have really been on a tear, and fixed income has been youtd performed aside from the juicy yield that you're getting. in your view, i know you're somewhat biased, what should it

be? >> we think bonds will play a bigger picture in the portfolios, but, of course, valuation can at times be tight, so you need to look under the hood where are the attractive opportunities. we think securitized credit is good. another area that's particularly opportunistic is greens. you need to see a huge increase in investments and the markets. from 2.2 to 2.8 trillion according to the iea, and a large part of the financing investment will come from private investors. >> and they play a crucial role. thank you so much for that. our guest from goldman sachs solutions. so great to get your perspective on all of this. still coming up in the show, janet yellen urges the ecu to get on board with the tough

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minutes into the european equity trading session. i want to show you where we sit right now. the stoxx 600 is off by 0.1% extending yesterday's weakness, down by 0.2%. you're seeing it on the screens. the ftse 1 h00 is underperformi. remember the print we saw, 2.3% versus expectations of 2.1%. that's why once again if we show you the indices, one by one, the ftse 100 is off by a third of 1%. the cac 40 off by half of 1% and the xetra dax of germany is losing 53 points. a sea of red, but once again, keep in mind we're close to those record highs still. when it comes to the sector picture, a really interesting one. we're seeing technology up by 0.2%. it is nvidia day. we'll be having a preview for you later on today. the banks are eeking out a modest gain, but i do want to pay attention to what's

happening in the auto space. new car registrations in the eu jumped in the month of april, up 13.7% on the year, to 914,000 vehicles with strong sales in the major markets of spain, germany, france, and italy after that slump we saw back in march. toyota was the big winner with registration up 50%. electric vehicles made up 37.8% of all new registrations. also marks & spencer has posted a top and bottom line beat of a if you're with profit up 58%. revenue rose 9.4% at just over 13 billion pounds slightly above estimates. the food retailer said new store renewals are performing ahead of expectations. take a look at the shares. wow, 10% to the upside. that's a pretty big move to the upside. now, elliott investment management has raised its steak in miner anglo-american.

the company up from 2.5% on monday, which was valued at around 1 billion dollar. take a look at this. down by 0.78% and american up by 0.39%. of course, bhp facing a deadline at 5:00 p.m. laurnd time to make a formal offer for the british miner or walk away from the bid for six months. a quick look at schneider electric. their agreement was terminated. bentley systems was reportedly exploring a number of strategic optiontn up, including shares ticking up. >> yelin is calling on the u.s. to join? what washington is calling overcapacity in the chinese

economy. this after president biden ratcheted up some trade tariffs from the world's second largest economy. yelin spoke to our sister sky channel before the g7 talks in italy. take a listen. >> we do think the playing field should be level, and i've been frank there are areas where we feel we're overdependent on china for critical supplies, and it is our intention to develop a more resilient supply chain. >> is your message here in europe that european allies need to match the u.s. and be tougher on china? >> i think we share common concerns, and they relate to the fact that china's economy is now very focused on huge investment in manufacturing and particular,

in particular, advanced manufacturing, semiconductor clean internal. and they've developed massive overcapacity in clean energy industries. there capacity to produce solar panels is twice total global demand, and the same is true for minerals, electric vehicles, electric vehicle batteries, and we feel in the united states we've passed the most important historic legislation to address climate change. we intend to have a clean energy industry in the united states, not one that dominates global production but one that satisfies a meaningful portion of our own demand and also generates good jobs for americans. and we don't wish to have that threatened by massive

overcapacity in china that leads to dumping, and we're not the only country that feels that way. chancellor scholtz has expressed similar sentiments. >> they've expressed sentiment, but perhaps not the same actions. you quadrupled sanctions last week. >> we did quadruple tariffs. >> does europe need to do something similar? >> i think they share concerns. there are dumping investigations taking place in europe with respect to electric vehicles, and i think we should not allow our burgeoning industries to be completely put out of business by chinese industrial policy and overcapacity. >> and plenty more coming up on the show. let's head out to karen at the vivatech conference in paris. karen. >> thank you, carolin.

after the break i'll be joined after the break i'll be joined by publicis 's maurice you don't want to miss that interview. it's coming your way next. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com.

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hello and welcome to "street signs." i'm carolin roth, and these are your headlines. uk inflation comes in hotter than expected, 2.3% on the year, sending the ftse 100 leer and sterling spiking. investors slamming the brakes on european carmakers even as new registrations rise nearly 14% in the month of april following a slump the month before. soft's ceo hails new tools at the firm's developer conference as it looks to take poll position in the ai arms race. former cisco chair tells me the top prize is still up for grabs. >> you're going to do very well. picking the one winner, one loser is hard.

within that there's going to be a number of train wrecks. and we're going to be hearing from the publicis chairman maurice levy. he's right here. in a couple of minutes of time. expectations are sky high with nvidia with wall street projecting investments could aaa mid-vol tile trade. as you saw, vivatech is underway in paris and cnbc is on the ground to bring you hin-2ke7th conversations with some of the biggest names. karen has just had an opportunity to ask former cisco chair john chambers about the sis stance of what we just saw. take a listen. >> i think this time will be different. remember mainframes? the mainframes turned into the computers. the cloud players may not be in ai. let's make a prediction.

you can tell me when we're on your show over the years. i say out of the top seven companies, two or three of them will fall below the trillion dollar mark and maybe come back to it. however, this might be the first time that some of the big players actually make a transition from leader in the cloud to leader in ai. the one that's at the very front, clearly, nvidia, i think, is a good icebreaker if you will to see where the market goes. but where there be breakage, yes. >> let's get back to karen. you have a very important guest waiting in the wings. >> indeed i do. maurice levy joins me with publicis. great to see you. >> great to be here. thank you for having me. >> it's my pleasure to be here from the start to today. over the years you've showcased so much incredible technology, but all the pieces of the pie from age computing to ability to cloud all coming together as we talk about ai disruption. it's hard to use ai without all

the other technology you've been talking about over the years. >> in the beginning it was just a very small part of our discussions. i still remember it was numb twenumber two or number three addition where they were speaking about ai, and the room was half empty. now when we are speaking about ai, not only is the room are few, but people are cueing and in line listening to what's happening in the world with ai. we look at how we can make something good for human beings and avoiding the race. this has been and interesting

discussion. they've presented ai for the next five years. so you want to go full steam ahead, and we'll see a lot of demonstration. if you look at what would happen here, you will have roughly 14% of all the d-mos that will be based on ei which is heard seen and unheard of and has taken off quite massively. >> the last number of years we've seen enormous dominance coming from silicon valley. the magnificent 7 stocks at the front of ai. how does europe look and how

does french companies look? will they be part of the ai race? >> we are in the race, and france is as well. if you look at the current country, the true message, u.s. and china, small israel, a little bit of uk, and on the doorstep, there is france. and they believe that france will step in. we have seen a lot of investment going to a company or a new company called h which you will probably have presentations tomorrow afternoon. and all the large corporations are making very strong decisions to push on ai.

publicis itself, we started ai in 2016. >> that's incredible. i want to remind the audience about this. because you went where no one else was going. this was creating your digital platform. i notice it was called ai. you didn't go to the canned lines of entrance. you were saving money to spend on this platform. even was like what was the point of that, but the point of it is you're now ai-ready. how does marcell put you in front of the equipment? >> marcell is very important. they made thedecision. they said do not go to plan. invest your money, not well received by the industry. a lot of people were making fun of us because we're considering that we're doing the wrong thing. today they're looking at what

marcell has been doing for us, which is just incredible. during the pandemic we have been able to save jobs and to make sure people could work from home -- not only from home, but they could work on the project that they love, and we could assign the job according to the history, the case, the preference of the teams, and this has made them much more motivated to work on some project. and with are now embedded in ai. it's something which is part of our daily life, and it's something which is well absorbed by the people. instead of killing jobs, we have created more jobs. >> is there a job killer aspect? i'm having a great panel thanks

to you later on today. one example, i just walked the lvmh stand, and they're showcasing some ai derived landscapes. they would have had to go to an agency to create that's now created by ai. they saved money on that spend that they would have had to spend with a creative agency. certainly some creative jobs must be going. >> if you have time this afternoon, i invite you to go to the presentation. we'll be show casing the use of ai to help artists and not to be a substitution to the artist but to be a help for the artist, and ai is undoubtedly -- but at the same time, create ing more

value-added jobs. what we're seeing is a shichtd or transformation, need education or training to adapt to the new world, but we don't expect to see a negative. we expect to see a net positive, and the companies who will adopt ai, the earliier they do it, th more we grow, the more we create jobs. we need great added value. >> lvmh is a great point for ai and what i they're doing. they're so advanced in itin terms of luxury players. one of the big stories today is they're teerp teaming up with alibaba to use their cloud and insights. it feels like they're going to be more targetted in the information they're getting around the clients, what they should be investing on r & d.

from what you're seeing, all the advertising data, markets data, how is this different from what we're getting from ai? what's the ability to change the sort of product the company's come up with and how it reaches a consumer? >> one of the objectives we have is to be irrerelevant. being relevant to a mass is different than being relevant to an individual. with a mass, you have to find a common denominator. but with ai you can umbrella vanlt to each person, and you can have a personalized message, which is right on target, specifically targeted to the current. it's like what we have done with our early wishes. we have one specific message based on marcel, by the way.

this has been something that's been very targeted, messaged, and no two are alike. that's what we can do. we can have personalization at scale. instead of sending a message to 1 million people, we send 1 million different messages, slightly different, but relevant to each one. that is what ai can do. ai can save a lot of money in production, and we can run more efficiently and more effectively. there are a lot of things we can do, which can be seen as savings and be seen also as an acceleration of growth.

and if we do it right, we can create more value. we can create more jobs, and we can be much more relevant to our cl client, and this is what's making businesses so attractive in current days. we are the only holding company today. they are calling us a holding company. they're calling us a platform, which is able to deliver everything that the client needs with state of the art, using data, artificial intelligence, tech, and obviously creativity. creativity is as the heart of everything we do. >> which explains the mixed performance we're seeing in the advertising sector. thank you so much for joining us and giving us some time. great to see you. maurice levy, the chairman of publicis. >> thank you so much for the interview. i want to walk you through the markets once again because

we're seeing a risk-off tone for a second day running. why for the ftse 100 it is because rate cut expectations by the boe have been pushed down after the slightly hotter than expected cpi present for the month of april. the ftse 100 is down by 0.3%. elsewhere the carmakers are under pressure after reports of gasoline powered cars to 25%. i also want to show you what's happening in the currency space. we're seeing the dollar pretty firm as we're seeing christopher waller, for example, urging investors to be patient when it comes to rate cuts. also eurodollar off by just a touch. we're waiting for the wage data from the ecb tomorrow. but the big one, of course, that's cable. 127.31. we saw a bit of a spike after the session-highs off the back of the cpi data. i want to draw your attention to

this one. the kiwi dollar saw a jump overnight. we didn't get a change from the reserve bank, but we got a decisively more hawkish tone. a quick check of the european yield picture, and what we're seeing here is spiked once again when it came to the uk curve. the 10-year is sitting at a high. once again, keep an eye on the bund yield, 2.53% ahead of the wage data. take a look at this. jgb's 10-year is above the 1% level for the first time in 11 years. we're expecting some hawkishness from the boj here. a quick check of the futures as we're gearing up for a pretty important day. why? because it's nvidia day. this is a big driver of the entire ai ecosystem. ahead of that the future's looking so mixed.

a fraction lower. the dow jones is seen by roughly 17 points. the nasdaq seen up by 8 or 9 points. again, all eyes on nvidia today because expectations are sky high with that tech company sets to report. we'll have more on what to expect after this short break. we'll be back in two. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box

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. amazon web services has changed their nvidia orders. the move added to concerns nvidia may see a fall in chip demand over the summer as firms await the company's newest ai chip. amazon said no chip orders were halted and the decision to change the orders have been taken jointly with in nvidia. and, of course, in nvidia will be reporting its first quarter revenue with revenue expect to

grow 200% and earnings to rise more than 400%. wow. options prices are weighing in on the back of the numbers potentially leading to a $200 billion move in market cap. that's more than the va value of more than s&p 500 companies. there have been surprises on earnings in each of the four quarters with shares up more than 200% in those 12 months. there's so much to unpack here. e i'm so glad we have the portfolio manager here. thank you for your time. i know it's a busy day for you. given that nvidia has been able to surpass the very lofty expectations do, you think its can repeat that feat once again today? >> well, so, i think from what we know so far, you know, of course, things are -- we're expecting -- seven holding their breath today, but what we've

heard so far into the reserves, whether it's from the hyper-scale companies that have increased their investments and the investors saying ai is going to continue to be robust for the rest of the year, i think this sets up very well for nvidia going forward. >> i want to stay onning the share price. nvidia has been such a performance kaitzer for the overall market and makes up more than a quarter of the s&p earnings growth over the last 12 months. what if nvidia disappoints? what does it mean for the entire ai ecosystem. >> well, i think it probably doesn't question so much the

entire ai ecosystem because we have seen, you know, the very strong run-up of nvidia in terms of returns, but this is very well underpinned by the revenue growth and earnings growth, and there's an entire ecosystem around this. so i think what the cloud providers have said, you know, even if there is a bleep on it, i don't think anyone is really expecting that. but even if there is a slight bleep, the long-term trend around artificial intelligence and the trans performance and potential of it is probably not a question really. >> all right. you're still pretty bullish here overall on the ecosystem and the spend. you reference the big spend by the hyperscalers before, and i'm just wondering how long can it continue in the same vein?

how sustainable is it because obviously nvidia has built this incredible moat around it, and there isn't a whole lot of competition at this point in time, so would you expect that spend, that capex, and an extension of that and nvidia's revenues to continue to grow at the same pace? >> so i think we know they're a high player and the share of the ai market at present. it's been extremely reversed. you have to layer the enterprise demand and the others that want to have ai capabilities. so when you put this altogether, demand is extremely strong.

on top of this, you've got nvidia that's seeing new products that are every time performing much better. then there's an entire competitive environmental at present and nvidia has got the leading seat, and that's probably not going to change any time soon. >> you are concerned about a potential low, about this transition between the age and the g-age 200. we heard in the year prior before they came to you about amazon, and they said in a statement this is a joint decision. are you worried about the transition risk here? >> i would say, again, given that the demand is so strong, even if there is some sort of transition from the existing product and the new upcoming blackwell architecture, there's probably this layer of other customers that would be willing to get the supply.

so it's not so much a concern. and then, you know, looking into the future, those new products that are coming, i think, nvidia's got quite a lot of levers to pull to continue to achieve the numbers that we're expecting. tha >> we always take nvidia as the bellwether for the ai space, but now we know it's not just the chip scalers coming back from the hypercenters or data centers. this ai kratz has also spread to other sectors, utilities, energy, power, for example. so is every sector, almost every sector basically in ai play now? how do you see it? >> i think so. so, you're right. we're seeing nvidia and others being beneficiaries of this ai trend, but as we go along and also investors are very much willing to find all the ways to

playwith other chip manufacturers. also as you said, the utilities, the power generation companies are set to benefit from that. so there's an entire ecosystem around artificial intelligence. let's not even -- the potential applications of artificial intelligence, you know, this is going forward, but the same way we have seen some, for example, uber coming out of the mobile revolution, you could see a new business model coming up in artificial intelligence.

there are really exciting things ahead. >> pauline, thank you so much for your time. before we wrap up this show, a quick check of equity markets once again. we're slightly under water. the cpi prilkt for the month of april, that came in a touch hotter than expected, pushing out the rate cut expectations for the boe. the cac 40 showing declines of two-thirds and the xetra dax off by 1 third of a percent. the car makes are struggling given the tariffs talked about coming from china. that's it for today's show. i'm carolin roth. "worldwide exchange" is up next. see you tomorrow. bye-bye. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders

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it's 5:00 a.m. at cnbc headquarters. investors are bracing for the biggest of the season as they get ready for the latest numbers and the latest for the wall street record run. we're watching for the fed influence after new comments on chris waller on the upside for the economy and the wait-and-see approach for rate cuts. retail also in the spotlight after twin beats from macys and lowe's. plus, scrapped again. more delays for boeing and "starliner" launch. and late