we're always going to have that question. that's never going away. craig melvin: that's all for this edition of dateline. i'm craig melvin. thank you for watching. ♪ good morning and welcome to "street signs." i'm silvia amaro and these are your headlines. airbus slumps losing $10 billion in market cap and putting the sector on the worst track in two years after the plane maker cuts targets. novo nordisk confirms china approves wegovy opening the treatment up to the world's second largest economy. and nvidia's record-breaking

rally hits the skids erasing $550 billion in its market cap and sending european chip sector names lower in early trade. the chinese premier tells the world forum the country can reach the growth target this year playing down the trade issues with the west. >> translator: the products made by chinese companies have not only met domestic demand, but a rich supply in the international market. welcome to "street signs," everyone. we start today's show looking at airbus. shares are down 10% after the company cuts its delivery and earnings targets for the year as the company faces supply chain and space system challenges. the european plane maker expect

to deliver 720 aircraft down from 800 previous target. you see how shares are trading at this stage. down almost 10%. significant pressure here on the stock. we have charlotte joining us with more details. huge moves this morning, charlotte. explain why investors are so concerned on the back of the downgrade in delivery. >> you have the situation with air airbus with the demand. airlines want the fuel efficient planes. they have a backlog. that is ten years production ahead of them. they have the demand. the main competitor is struggling at boeing. the problem for airbus is getting the planes out fast enough with all of the quantity controls and getting the issues

out. they have a meyriad of supplier of 415 pages long of the companies they work with. they have to work with these. they have been struggling with that since the pandemic. that is the target of 800 planes delivered this year. they downgraded to 770 this year with the supply chain context. they delivered 735 planes last year. we are far from the record at the pandemic of 870 in 2018. they haven't managed to come back to the levels yet. they have problems with engines. it has deteriorated over the past few months. they have an issue with the landing gear and work force. they did get rid of thousands of jobs during the pandemic and struggling to bring back employees into production. they had to review the a-320

production, the single plane, which they produce 50 a month at the moment. they hope to produce 75 a month. they pushed this back to 27. the market thought this number was ambitious. it is not so much a surprise, but a question of keeping that rhythm of production. airbus confirming they won't do so. just with the financial targets of 5.5 billion euro to 7 billion previously and the 3.5 billion from 4 billion previously. also, on the supply chain, we know spirit air systems is an extra headache. boeing looking to buy back that company which supplies airbus. they have been talks for a while about buying the parts of the system which make thelements fo

them. final touch on the space business, one they have been working to restructure for a while. 600 million charge last year. they had satellite programs they are revamping. we know the competition from spacex, for example. they are working on restructuring the unit there. 900 million charge they announced last night as well. a lot of things at play. very interesting situation with a airbus. we know the long term demand. the problem for them is getting the planes out fast enough and they are struggling. >> that is where i was going to go. with the problems boeing is facing, airbus is likely to be the winner with the problems boeing is facing. that is not the case. they cannot deliver on the demand. >> to be fair to them, they said, look, what is happening to

our competitor is a problem for the whole industry. if the uncertainty and the issues with boeing are bad for us as well. they have been talking about the message repeatedly. certainly here, they have one or few customers with orders, but the supply chain issue is there for the whole industry. time to take a look at the equity session in europe. of course, we were discussing with charlotte what is happening with airbus, but there are other themes for the market today. let's show you the stoxx 600. benchmark in europe is down .3%. the stoxx 600 gained .75% by the ea end of monday's session. there are three teams to keep an eye on. we will have more details on that when it comes to the drop we have seen in shares of nvidia

and how that is having ramifications for the european names as well. on top of that, monetary policy. all eyes on the pce datawe will get on friday. investors keen to understand what this will mean potentially for the fed. last, but not least, politics. it is a very heavy week on the political front, not just here in the uk, but france and stateside. with that context in mind, let me take you to the boards in europe. the ftse 100 is above the flat line. we are seeingmore moves to the downside in germany down 1.2%. this has to do partially with what we are telling you earlier about airbus. there is a broader feeling or concerns, really, of the air space and names in europe. let's dive deeper into what we are tracking in the sectorial

stories. pressure down 1.6%. look at tech, also down 1.5%. we know that the shares of the fact we have seen shares of nvidia dropping and losing that tag of the most valuable or biggest company in terms of market cap is having implications for the european names including asml and asmi. we will see what happens with the tech sector or if this is more short lived. i want to take you to the biggest names of the out performers. oil and gas is up .90%. some have to do with the fact that investors are shrugging the geopolitical concerns we had seen earlier in the year. i want to take you to the other companies or corporate stories we are looking at this morning. novo nordisk, for instance, they announced the semaglutide

injection has been approved in china. the company stated this on the official wechat account. the drugs will provide a breakthrough in healthy weight management in the country. cnbc has reached out to novo nordisk for more details. you see the shares are trading higher by 1.6%. still in the pharma space, merck has discontinued the trials of the cancer drug saying this would be unlikely to meet its primary objective. some of the announcement clearly not impacting shares to the possiblitive side. we are seeing them down almost 10%. when it comes to another company, covestro, they say they will target 400 million by 2028 with 190 million of that figure coming from germany. the savings will come from

increased efficiency with digitalization and artificial intelligence. let's look at the u.s. futures and understand how the session on wall street is shaping up. you can see on your screen that we are tracking basically a soft start to the session on wall street. looking slightly positive at this stage. when it comes to the economic events that we are monitoring today out of the united states, it includes consumer confidence which is due today. on top of that, we will hear from fed officials as well including michelle bowman and lisa cook. some more comments to track from the fed officials. on top of that, we are going to keep an eye on tech, of course. this is after nvidia shares dropped significantly. at this stage, looking at the pre-market performance, they are down 1.2%. let me explain in more detail what has happened with nvidia.

shares, as i told you earlier, dropped almost 7% in monday's trade. marking three consecutive days of declines and wiping off more than $500 billion of value since last week. shares of the chipmaker which became the most valuable company a few days ago are now down 13% from the peak last week. the stock decline follows news that the co-founder sold shares in recent days. it comes as others pour into apple. nvidia stock decline raised concerns, however, over the impact on the broader tech index. shares of arm and qualcomm all fell while other competitors in that space like dell and super computer also posted declines.

this is having an impact in the european names as i was telling you earlier. for instance, looking at the performance in the equity session in europe, asml is down 2.2%. similar with asmi. infineon is tracking lower at 2.3%and over in france, we have the stock down 2.7%. some of the investors here are clearly looking at what's happening stateside and also trying to position themselves when it comes to the outlook for some of the chipmakers also on the continent. let's discuss what is happening in the market in more detail with the head of the portfolio management at lombard. good morning. >> good morning. >> first and foremost, i would like to look at what is happening in the tech space and try to understand, really, whether this is likely to be short lived or whether there is

a significant rotation about to happen. >> i think the rotation of things is currently happening. it is a very bad sign that the tech sector at the moment is starting to suffer. that was one of the favorite plays of investors so far and the rise of the european risk was the natural push outside toward the u.s. where you would find u.s. tech as the sector. the fact we are seeing risk appetite waning at the moment, which is a transversal is spreading everywhere. when we look at our risk appetite, overall, about 90% of the 100 data series we are looking at now have stopped progressing. it has been the case for about 25 days. there is a snowball effect. it all started with expensive stocks and it went to european risk and then it becomes a tech

sector rolling over. the combination of all that gives you the impression there is nowhere to wide. it's called cash. cash rates evading them at the moment. all of that could fuel that with the profit taking and phase of consolidation. >> no correction? >> no correction at the moment. to have a correction, we would need either a deterioration which we don't have. we have surveys in the u.s. with the fed index. we have the richmond fed manufacturing index. we would need that to get the general rule we were worried about the earnings in the future or we would need on the contrary something very strong. the u.s. economy ongoing and the strong u.s. economy with weaker china and weaker europe. i don't think that's the way we are going forward. at the moment, there is a better

balance with prospects. the ecb has freeze freeze its g forecast for the year. >> there is something significant happening here in france or in the u.s. ultimately, how will this shape up the equity space? >> the market is currently pricing -- let's go straight to france, okay? the market is currently pricing france not defaulting any time soon. the prices have been on the rise, but your short-term spread is lower than the long-term spread. if you are france, it involvies higher borrowing costs with the coming future in france. should that impact the equity market? i'm not sure. where the impact is most obvious, if the programs are

deployed, without taking any side, it is just straight inflation. if both programs are pro-demand and the ecb doesn't need more demand right now. the ecb needs cooling of the economy to stay on the ruich pah of the equity markets. >> let's look at the implications of the french elections and what you see in the bond market and the pressure on french banks, too. breaking dowbreak it down for u with the collision of the far left and far right would mean. >>what has been happening in the uk with the liz truss budget. if you come forward with the program, which isn't funded, then markets well take the upper hand and push stress higher.

at the moment, france is part the eurozone which means you won't have the currency um impa from the uk economy. the euro is not falling in spite of what is happening in france. down the line, both programs -- it seems that the left program comes with more of this unfunded nature which would bring more. both come with higher inflation. either you have higher inflation leading to increased rates or you have increased rates which is a struggle for the ecb. >> to be clear, it could be a liz truss event in france? >> the french pension plan. the exposure of the french pension plans is much lower than

the uk. the fire sale we had on gilts is up and likely to continue in france and globally. >> briefly, we saw disappointing pmi figures last week. i wonder if this means the potential rate cut from the ecb is more likely in july. >> given that the deceleration in the pmi, europe wise, yes. some have read in this decline in pmi is a sign of the french election, but actually, it is happening everywhere, meaning germany included. >> yeah. >> at the moment, it seems that there is a stalling of growth. it was happening in the u.s. in q1 and q2 and it is happening across europe. that is the important question mark for the next quarter. can we see continuing?

we think that there is room for decent earnings season toward us. that's why we risk overweight liquidity which is exposed to ma markets. should europe become, again, the weakest link of the world's cycle, that trend of equities return and what we are seeing this morning. >> all eyes on the earnings. they are approaching us soon. thank you for your time. the head of macro asset portfolio of lombard. coming up, the china's premier is talking about the economy for the whole world. we will have the latest for you coming up next. control of your brand with your own custom store. scale faster with tools that let you manage every sale from every channel.

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summer davos where he maintained the country will hit the 5% growth target this year and keep the economy moving on the steady upward path. sam vadas joins us with more. first and foremost, any indications from the premier there is room for compromise with the europeans? >> reporter: good morning, silvia. i'm happy to be speaking about this issue with this morning because it feels we have been struggling both sides of the story from brussels to beijing. what we are seeing play out is very different to what we see play out in the u.s. from the european side. what we have seen in recent days, as premier li did not speak about today, but on the back drop of the opening remarks, there is a willingness to come to the table to figure out what is mutually acceptable here. that is why this is a bit nuanced from what we are seeing

from the terms of the investigation into the probe of the chinese evs and how well you comply with the investigation depended on how much of the increase of the tariff you face. we are starting to see the opening of the door of the negotiations. we which see how the tariffs come into place. we also have until november to see any formal official measures being introduced, but i don't think premier li, it is fair to say, could avoid the issue of evs today. we have to remember, he is a business guy. he successfully brought tesla to shanghai. he brought that when he was the boss at the commercial capital. we know the foreign car companies are in the firing line with the terms. it is not just chinese evs. he really did have to address this. the way he did it, he defended china's development over the years and he emphasized what china has been doing rather than

hostile sort of feedback or, i suppose, answer to some of the concerns about overcapacity. he didn't answer that directly. he did, certainly, talk about what china has been doing in terms of evs over the years. take a listen to what he had to say about that specifically. >> translator: the advance of electric vehicles and batteries and products made by chinese companies have not only met domestic demand, but also a rich supply in the international market. it has also eased pressure of inflation worldwide and made our active contribution to the global climate response. the rapid rise of china's new industries is rooted in our unique comparative advantages. the economies of scale can effectively help to reduce innovation costs for enterprises

and accommodate the growth of different technology road maps and business models in china. and that is how china's emerging industries get their comp competitiveness. >> reporter: now he also did speak about being confident that china can reach its gdp goals of around 5%. i suppose the big question is are their policy as is enabling china to reach their goals in driving that growth. that remains to be the question. he spoke about new productive forces, that is the big buzz word at the moment. the message for the foreign investment community was twofold. he talked about setting up a world-class business environment here and breaking down the barriers for the access to

making it attractive investment destination and taking part in the china development with the higher quality technologies. back to you, silv. >> thank you, sam. i know we will have more coming up. coming up on the show, we will look at france where the far right leader bardella promises fiscal discipline as the country comes to the endf o the first round of parliamentary elections. 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.

welcome back to "street signs." i'm silvia amaro and these are your headlines. airbus slumps losing $10 billion in market cap after the planemaker cut the full year target. nvidia's record rally hits the skids erasing $550 billion in the market cap and sending chips lower. and china has confirmed the blockbuster drug wegovy for

long-term weight management opening the drug up to the world's second largest economy. and premier li is confident the country can reach its growth target this year playing down trade tensions with the west. >> translator: the advanced electric vehicles and batteries and products made by chinese companies have not only met domestic demand, but enrich supply in the international market. let's get a check on european markets so far on this tuesday's trading session. as you can see on your screen, we have red across all of the major boards in europe. we have more pronounced moves to the downside in germany where the dax is currently down by 1.2%. a lot of that has to do with

pressures in the euro space and defense names this morning, particularly after airbus cut significantly some of the delivery targets this year. when it comes to france, we continue to keep a close eye on the equity space there with the parliamentary elections with the first round taking place this weekend. when it comes to the fx space, this is how we are trading so far. we are looking at the japanese yen. at this stage, the dollar-yen is 1 100.59. we are looking at further intervention as we have been trading at the 160 level and hovering around that level. that is when we saw intervention a couple of months ago. when it comes to the oeuro, we have a flat figure with the u.s. dollar. when it comes to next week, we

will get further clarification. when it comes to the bond market, this is how we are trading. obviously, this is a very interesting space not just because of the monetary policy commentary, but also as we try to piece together what are the potential implications from the political scene on some of these bond markets. looking at france, for instance, the yield on the ten year trading at 3.12% so far. keep in mind yesterday, we heard from the ecb and it is likely we are going to see a bumpy path when it comes to bringing down inflation. therefore, that is why the ecb is keeping no forward guidance and the meeting-to-meeting decision indication to the markets thus far. i want to take you to the dynamics in francis i was telling you this was

particularly important we approach the vote on sunday. the leader of the far right, bardella, promised to promote reasonable spending plans if his party minutes majority. bardella plomromised to lower t gdp by 2027 appand eliminating . charlotte is joining us again. charlotte, he is sounding quite careful. he is trying to please the markets and trying to say this is not going to be the -- basically a nightmare for you. explain to us a little bit better what is the message from the far right? >> that is interesting. we see the markets worried about the far right coming into power, but at home, domestically, two issues on the head. the far right and the far left

want to bring back the budget policy and pointing the finger at president macron's public handling on financing. he has been criticizing for rolling back key promises in the past because of the state of the public finances that they won't be able to rule out the flagship policies. he said later. they were still scrubbing the energy to 5.5% from 20% currently. the economies will cost 12 billion euro. they have not made clear how they compensate that. there has been key where the measures were announced, but the numbers were not announced where they would fine that money. when it comes to the pension reform, in the past, it would be scrap it all together. now there will be a gradual process. they will start straightaway with people working yoeunger at 20 and they will retire at 60

before the other gradual process. this is how bardella talked about scrapping that. >> translator: i want to clarify the pension reform which is misrepresented. my priority is the long careers and at this point accurately. from the autumn, the french people who started working before they were 20 and who will have had 40 years of contributions will be able to retire at 60. >> that really has been the big difference with the far right and left of the program. this is the far left program which could be more expensive. there are several high level economies that are behind that program. the french economies and the nobel prize winners are supporting the far left program. for the far right, no one is supporting that program. overall, that is the focus on the public finances and the

current government talking about how this would be a massive danger to public finances. would the country pay the pensions? is it breaking through to the public opinion? it doesn't look like. the latest poll shows 36% of voting intentions in the first round. far right at 30%. president macron's party around 20%. what is interesting here is because of the way the election worked, the first round this weekend, and to go to the second round is the first two and anyone with 2.5% of the existing voters. for the turnout of 60% which would be high for the legislative leelection, the papparty would need 20%. a lot of voters would have the far right or the far left. that isis what is at play this week. one debate being held with

bardella and another member of the far left. we don't know who would be the prime minister of the far left. all of this is at play this week in the final stretch of the first round. in a lot of constituencies, president macron would not make it to the second round. >> it is interesting which is a choice between two extremes. let's discuss this in particular with the deputy mayor of the 18th of paris and spokesperson for the division. thanks for being with us on the show. first and foremost, i would like to understand the position here of the left because as my colleague charlotte was highl highlighting, a lot of economists are suggesting the fiscal plans of the far left are more extreme and more concerning to the market than the far right. what sort of reply do you have

for this? >> first of all, i would not call it the far left. it is not on the same level. what we have here is the alliance of the socialists, the greens and the communist party and also the french. it is not the far left. it could qualify as far left, but you have socialists and greens. parties that have already been in power in france. that's the first thing i would say. then, you said it. we have recognized economies that are behind this program of the left and one thing that you have to keep in mind is one of the things macron did when he came to power is cut taxes on the wealthiest.

basically the wealth tax. that costs 4 billion a year per year to the french budget. one of the resources, of course, of the program of the left is to reinstate this wealth tax and it is something that has been well thought and constructed over the past few years. opposing to what the far right is proposing because you touched upon it as well. the thing is they are fully unprepared to come to power and their only obsession has been immigration for the last few years. since the integration of the party, actually. the only thing that they actually thought about is immigration and they are fully unpr unprepared. it was very clear yesterday when bardella included the program of the policy. he was fully unable to answer the question of how do you

finance this reduction of 7 billion euro. he was unable. it was a huge pause of 30 seconds and he could not say anything. in terms of preparation, nothing compares between these two programs. >> you mentioned you are part of the alliance and part of the socialist party there. it looks like a lot of voters and we saw the socialists come back in the european election. a lot of voters are not happy with the most left part of the group there because there is an issue of who would be the prime minister of your bloc if you were to try to form majority. a lot of people are worried about him coming into power. can you tell us here what is the force at play and are you missing a trick here in having a more joint messages and being more clear of how you govern as a left-wing alliance?

>> well, there would have to be a con kon consensus of the prim minister and he is not consensual at all. we have four parties in the alliance. it would have to be someone within reason. if you look at the goals, there are names, and you mentioned the european campaign. there are names who come very high in the polls, but it would have to be consent between the four parties. in no way could it be him. of course, you have some interest in france from the right. that's not what will happen. >> let's see what compromise you might find if you reach that

position, actually. i would like to understand what are the dynamics going forward because you, yourself, predicted that we are going to see a national assembly that is split into three blocs. is france ultimately ungovernable? >> that's a question -- it is true, it is going to be a difficult situation. it is clear the left will win by clear majority. it could be three blocs. the left, macron's party and then the far right. it would be ultimately very difficult to govern and that's something that is quite unprecedented in this republic with this regime had been sought to be governable and also behind the president. of course, that's also why macron's decision to dissolve

the national assembly was really, really, really kind of crazy or unprepared as well. now we are put in a situation where there is a very pressing nature of the far right coming to power and the only available alternative is the left and in the case that we have the three blocs, it would have to be compromise and compromise on every bill that you try to pass. something very difficult, yes. >> no doubt. we'll keep monitoring what happens out of france. thank you for joining us. the deputy mayor of the 18th arr of paris and former spokesperson from the socialist party. and from france to the uk, prime minister rishi sunak has defended his decision not to suspend two mp candidates who

are among party officials investigated by the uk gambling regulator over bets on the timing of the election. sunak did not want to interfere with the work of the regulator, but the party would not hesitate to act if officials were found to have cheated. this as sunak and the labour party leader traded accusations over plans for the economy at the town-hall style event hosted by the sun newspaper. >> if i'm reelected, we'll go further and cut taxes. if you are in work, you will keep getting more tax cuts. if you are self-employed, we will abolish self tax. we will give you financial security. again, this is a choice. this election is a choice. we can build on the progress we made and keep cutting taxes or as i have been pointing out, if he is the prime minister, all of you will face higher taxes. that will not help anyone with any of the bills that you are

talking about if labour party is taking more tax outs of your bank account every month. >> costing everything we said we are going to do and saying where the money is coming from. we know from liz truss, if you don't do that, then you damage the economy and working people are paying the price. i think it was a question earlier from somebody about mortgages. i've met so many people who have come off their fixed rate mortgages in the past two years and having to pay pounds more. i'm never going to get a labour government do that. that's why everything is fully costed. coming up on the show, the countdown is on to the first presidential debate of the 2024 race. we'll have the latest from washington, d.c. next. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at

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let's look at retail. the chinese fast fashion giant shien has filed paper work to list in london. the company previously secretly filed for a u.s. ipo in

november, but began considering london after facing opposition from the u.s. lawmakers. shien told cnbc they declined to comment on anything related to a potential ipo. this is an important story because there is an element as to whether shien may be able to list first in london. we know this could provide a significant boom for the ipo market and for the uk market overall here because it has faced a lot of challenges recently. at the same time, there are significant concerns about some of the practices of shien. that is what has been raised by some of the lawmakers state side. for instance, some of them have said they were worried about potentially forced labor used by shein and it is still a huge question mark whether we which see shein listed stateside. we will monitor more on the story and if this will go ahead

in london or in the u.s. or potentially both or perhaps not in any of the markets. for the time being, what we have is shein declines to comment on these potential ipo moves. i want to take you to other stories this morning. wikileaks founder julian assange pleads guilty. this deal will allow him to return to australia. he left the uk where he has been remanded in prison and expected to be sentenced to 62 months of time already served in a hearing on the pacific island. looking at the u.s. politics, it is two days until donald trump and the president joe biden faceo-off on the stag. they have been preparing with biden huddled at camp david

holding mock debates and the former president donald trump has been on the campaign trail. we have nbc's alice barr. alice, it is interesting with this debate with no audience. what else is likely to be different this time around? >> reporter: that's right, silvia. we heard former president donald trump talk about not having an audience. one of the key stipulations that the biden campaign said microphones will be closed when the other candidate is speaking. that goes back to the debate in 2020 and one debate in particular was criticized for how difficult it was to hear one of the candidates with the other one jumping over him, particularly former president trump. this is going to be a big rematch and expected to be closely watched.

the biden campaign is hoping this is an opportunity to breakthrough to a wider audience that has bn't really been engag up to this point. one adviser is telling nbc news the president is going to be increasingly puncher against former president trump. they are preparing for two avenues. whether the former president takes his bombastic and loud approach against president biden or if he takes a little bit easier and focuses on policy and maybe doesn't have personal attacks that the biden campaign is prepping for both potential outcomes. they are doing mock debate sessions. the president's personal lawyer is playing the part of former president trump as he did back in 2020. we know former president trump has been out on the campaign trail and more public facing this week while president biden is doing the intensive private

session. the former president has had campaign events and fund-raisers and informal policy sessions. we are seeing from the biden campaign a focus on reproductive rights. we heard from vice president kamala harris yesterday which was the second anniversary of the supreme court overturning roe v. wade. they debuted a new ad which is talking about the trump legal troubles. they have been coming out hard against president biden on immigration and on inflation and those are just some of the key topics we are watching for on thursday. silvia. >> thank you, alice. i want to take you to the most important market story here in europe. airbus. shares are down 10% at this stage after they cut their key targets for the deliveries this year. of course, they also said there is a hefty 900 million euro

charge for its troubled space activities as well. in other market stories, we are keeping an eye on nvidia. we are seeing shares ticking higher after we saw nvidia losing the world's most valuable company tag. shares have dropped in recent days in three consecutive trading days. at this stage, that could be slightly changed on wall street today. let's see what's going to happen. of course, huge question mark about what is going to happen in nvidia in this space, but also the ramifications this could actually have for the other chipmake rs as well. here in europe, we are seeing ramifications with some of the european chipmakers moving lower so far in the session. when it comes to the european markets overall, this is how we're trading at this stage. we are seeing red across the board. in the wake of the announcement from airbus, significant pressures in germany with the

benchmark down 1.2%. naturally, as we approach the french election, keep a close eye on the cac 40 currently lower .80%. when it comes to the mixed futures, it could be a mixed start on wall street. all eyes on consumer confidence figures. nonetheless, we are likely to hear from three fed officials. plen ity of activity to monitor from wall street today. that is to for the show. i'm silvia amaro. "worldwide exchange" is coming up next.

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it is 5:00 a.m. here at cnbc global headquarters. i'm frank holland and here is your "five@5." half a trillion down and counting. nvidia is trying to bounce back after the historic stock slide and some are worried the a.i. chip trade is falling. and looking to bounce back from the worst day in weeks. futures are trying to hold on to gains. secretartor sliding. airbus is drankgging the entire supply chain with it. the pric