chore than a royal and who still has a hold on us after all these years. ♪ welcome to "street signs." i'm arabile gumede and these are your headlines. president biden on the back foot stumbling to counter attack and false claims from his republican rival donald trump. >> hanging in an economy in freefall. pandemic badly handled, many people were dying. >> he has not done a good job. he's done a poor job and

inflation's killing our country. nervous nness ahead with th french-german ten-year spread hits the widest level in over a decade. >> there's a turning point happening in this campaign that i find dangerous which concerns le pen raising the president's role as commander in chief in the military. >> my position is very simple. support ukraine and protect ourselves from the risk off escalation. and the bloc's top jobs with opposition from italy and hungary. >> expressing my thanks for a second mandate as president of the european commission and i'm very honored and i'm delighted. the japanese yen continuing to slide and now trading near

its weakest level in almost four decades as the country names a new currency chief. so much to get through throughout the show. let's start off with the u.s. where president biden and former president trump faced off in the first debate hosted by cnn. the two men neck and neck in the polls and clashed on the economy and support for ukraine and hot button domestic issues including abortion and immigration. nbc's brie jackson filed this report. >> reporter: insults flying in the his toric rematch. >> if he wins this election, our country doesn't have a chance. >> reporter: president biden and former president trump taking stage for the first presidential

debate of 2024 hosted by cnn. squaring off on the top issue for voters? the economy. >> by the time he left, things were chaos. >> he has not done a good job. >> reporter: the two oldest candidates to ever run for president sparring over decades old issues, including reproductive rights. >> i put three great supreme court justices on the court and they happen to favor killing roe v. wade and moving it back to the states. >> if i'm reelected, i'm restoring roe v. wade. >> reporter: accusing trump of inciting the january 6th attack. >> this guy is responsible for what was done. he didn't do a damn thing. >> reporter: each taking their stance on domestic issues and setting out clear issues are foreign policy. >> every time zelenskyy comes

here, he walks away with $60 billion. >> i have 50 other nations around the world to support ukraine. >> reporter: personal jabs were thrown. president biden pouncing on the former president's legal troubles. >> how many billions of dollars do you owe for having sex with a porn star? >> i really don't know what he says. i don't think he knows what he said. >> reporter: two presidential candidates with two very different visions for the future. the current and the former president trying to throw knockout punches during the debate hoping to take home the prize of winning over voters and a second term in the white house. in washington, brie jackson, nbc news. >> long way to go until november. that is certainly the talking points today until we get to the pce data out of the united

states. personal consumption expense data may be the road to rate cuts out of the united states. will the fed look at this and say perhaps the downward trajectory of inflation is now possible and persisting in one way or another? all roads do lead to the pce data, but this is what we are looking at as we head toward the market open in the united states following on to the debate to the final trading day of the week and month as well with the quarter and first half of 2024. it looks like we could have a mixed open. a flat start for the dow across most of the month as well. it's pretty much what you are getting out of the yield. the risk factor with the market continuing to see a few more or a rate cut perhaps still in play. the possibility of that is still on, but, of course, there are murmurs that you could see rates remaining the same and even still talk of a rate hike, of

course, fin the scenario we are sitting in. you are seeing softening in the data and it also adds to that conversation. 4.3 is what you are seeing the ten-year note and the two-year at 4.71 there. a little bit of an uptick ahead of the pce numbers. the dollar crosses here for you. we all have been watching the dollar-yen. 161 is the mark. the dollar-yen is easing back off that mark, but still significantly up there with the 36-year high for that count. that has been the big talking point across this month. we are watching sterling ahead, of course, of the uk elections next week. it will be very interesting to look at euro-dollar. the first round of voting in france happens this weekend as well. we will definitely be watching that one with a lot of keen

interest. let's unpack this with todd landon at the university of nottingham. we unpack the u.s. election and, of course, that debate a little bit more. todd, thank you for the time. was there anything else that anybody could speak about other than the frailties and fragilities of joe biden? >> not just the performance of both candidates, but in particular the frailty of president biden. the format was different. it was quite constrained and the use of the mic muting was a bit bizarre. i thought the moderators really didn't show much flexibility of how they were allowing people to respond. on the performance side, it was not a great night for the president. i was really looking for issues and facts. on both sides, there was really quite a lot of creativity with

the truth. i think mr. trump wins for 30 odd false statements, but mr. biden had nine or ten. between them, it was difficult to find a common thread to what they were saying. i was also really looking forward to what they had to say where the future. i didn't hear much about where we are going as a country and what they were going to do about it. the personal attacks appeared really gratuitous. who really cares who can play golf better than somebody else or their handicap. for voters worried about pocketbook issues and the availability of jobs and good, secure jobs, there wasn't much in the debate that gave comfort to voters. i think, based on last overnight, if memories stick for people who watched the debate, we should see a significant bump in polls for mr. trump. he looked younger and nimble and

confident. because of the format, he didn't really interrupt or engage in his boisterousness and stuck to a disciplined candidate. notwithstanding the fact he made outrageous claims during the debate that fact checkers are going crazy at the moment. >> todd f, if you have a better handicap than i do, you have a better chance of being the president of the united states than i do. that's what you are getting there. >> is that really relevant? >> some would beg to differ by the looks of it. do you think there would be panic among democrat lawmakers right now? >> absolutely. it creates a real problem for the democrats. one question would be is there time to field another candidate. that is super complicated. it would show weakness and voters would think what have we done here. if they don't found a

replacement, people will think when they go to vote in november, are we actually voting for kamala harris? that is difficult because her record is not known. she is an untested person when it comes to stepping into the presidency. it raises a whole another range of questions because she would be the heir apparent should anything happen to the president or, you know, a move to have him step down. fi finding another candidate with fresher ideas and vision for the future, really in the middle of summer and to move on to november is a really huge challenge for the party if they go that way. i'm afraid there is panic in the party. there is a lot of hand wringing. of course, we have another debate before the election. i think all eyes will be watching that one. >> one thing's for sure is it sounds like it's the derth of

the candidates. not just on the democrats side which you have been highlighting, but on the side of conservatives here. if you think about it, donald trump maybe didn't necessarily take full advantage of the situation, one might say. would you say the same? >> yes, he was actually quite reserved. at one point, he said i have no idea what he said there and i don't think he does, either. that's of a powerful blow to the president because a lot of the answers ended abruptly or inn co- here endly. he does have command of facts as times and seeks to get those across. last night, he struggled to do so. mr. trump was quite gentle on him. that creates it's own dynamic that we're not sure how that will play out.

so, we'll see. i agree with you. there are a number of candidates in the sense of strong leading members of the republican party have left or not endorsed trump and not particularly interested in running at this time. on the democratic side, we have not seen that surge of younger energetic candidates that we've seen in the past. >> yeah. just on the front that we are perhaps most interested in which was a little bit more into the economics here with the international side. conversations around ukraine, of course, and the situation in the middle east, did that give a clear stance where each one of them stood at the least? >> i thought mr. trump was incoherent. he said it would not happen on my watch. if it did happen, the job would be finished. of course, the reflections on how things have been initiated

in ukraine was a bit loose, i have to say, and equally the claims of not funding terrorism. i think on the international relations side, both were quite weak, but at the moment, i think americans are absolutely focused on every day life and mortgage costs and inflation and the price of goods at the supermarket and the price of gas at the pump and the way they go about their daily lives. i think, also, the huge concern, of course, is what to do about border security and immigration. >> todd, i hope the next time we speak, we have a better handicap and unpack that to see who is a better man. todd landman, professor of political science at the university of nottingham. coming up on the show, the leaders of france's three blocs clashed in the second tv debate

in just three days. the country's support for ukraine being the key focus. we'll discuss that 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 walmart and drinkcirkul.com.

welcome back. here is a quick look at the market out of europe. we are tracking some gains today, but marginal. perhaps some nervous ness as we head to the french elections. that is the big story from the month and the last three months. the stoxx 600 moved up .20% despite the high hitting the hi earlier this month. there is some gains to be had. very interesting note that just yesterday as we spoke to one of our analysts that asml had been a significant portion of the stoxx 600 gains plus or minus 30%. that is what you are seeing from the united states with nvidia. if asml does not move higher in the semiconductor or a.i. trade, then you see that fall off across the european market.

that very interesting to look at. overall here, the european market picture with a bit of green. the french market is down more than .50% so far. we are heading into the first round of elections happening this weekend. that is the key focal point this weekend. is there nervousness and continued sense of worry and fear that things would move in a totally different direction for france. of course, you may have that ultimately difference of opinion in who stands here and now getting a prime minister in place as well is possible as well. all of those permutations we'll unpack for you in just a bit. it is the nervousness impacting the cac 40. year to date, quickly, i just made note of the stoxx 600 moving up .20% on the three-month basis. this is really the gains you see across the board for the ftse 100. more than 6% higher there. significant upside there.

of course, it did follow on from the news we got from the mining sector. those are beginning to move up. retail stocks are showing life. jd sports managing to gain some on the back, then, of news just yesterday. in fact, jd sports fell 5% after nike saw that surprise drop in its 2025 revenue numbers. smi going down 8%. t 9% increase for the markets in italy. here are the sectors across today. the autos are moving up .50% to the good with basic resources. household goods at the bottom. retail goods are watching out for these. the likes of jd sports in that. accado taking a hit. year to date, it hasn't done well. that retail counter is one to

look out for. overall, the european yield picture. this is an interesting one. we are actually seeing the spread between the yields and bund move quite significantly to one of the widest levels we have seen in some time. here's that story. french flash ceu coming in 2.5% higher on the year in june. the first reading since the ecb rate cut earlier this month. that is in line with the expectations and down a fraction on may's reading. meanwhile, consumer spending crushed expectations rising 1.5% on the month in may. all of that very interesting with the ten-year bund out of germany at the widest level since 2012. french candidate jordan bardella pushed back against claims the national rally would be soft on ukraine if it wins the upcoming parliamentary election.

this as the three clashed in another televised debate. the second in three days. gabriel attal accused the far right of putting french security at risk after marine le pen was describing the commander in chief as his role as horrific. charlotte is joining us with more here. contention reigning supreme in this discussion and debate, charlotte. >> and the very last day of campaigning before the first round of the parliamentary election. as we know, the debate has been focused on fiscal responsibility and public finances. it looks like there's been a slight change of tactic from president macron's camp and more focus on the risk to ukraine and foreign policy and also on the inherent sxenophobia with the rules on immigration or

citizenship. what we heard on the debate yesterday was the focus on ukraine and foreign policy. gabriel attal saying the far right would put at risk the ukraine's war effort. >> translator: there's a turning point that i find dangerous which concerns marine le pen raising the role as commander in chief of the military. but on le pen's message is clear, if the national rally wins this election, there is an issue over who is commander in chief. that is a message sent to the world over security for the sovereignty of ukraine. >> translator: i will not let them absorb the state of ukraine. my position is very simple. support ukraine, obviously, protect ourselves from the risk off escalation. that's why i'm against sending missiles to ukraine.

that would put france and the french people in existence. >> translator: there are red lines. troops on the ground are absolutely not considered and zelenskyy and the people of ukraine know that. when the president proposed it, he is dividing europeans and, worse, demonstrating to putin that we are not ready to send troops to ukraine. >> that is the risk of the far right coming into power and the tensions this would create with the french society. you have to wonder if this is too late. the polls show momentum still remains on the far right. the latest poll showing they would have 36% of the votes with the far left bloc at around 28% and president macron's party at 20%. we had for the first time a couple of polls showing it could

reach majority at the top end of the bracket. it is hard to put results from first round to second round with the alliances can be done between the two rounds. they could reach the absolute majority there. we see this move on the bund as well. the momentum is on the far right where macron's camp is losing momentum. that is why we see the move on bompard with the public finances. >> that spread tells you how much risk and concern there is. what prime minister did make note of was interesting which was the command of the army. that will be a contentious issue. it matters in the context because of what you heard from president macron with troops on the ground in ukraine, for example, which is a red line in some areas as well. that would be direct conflict between russia as well as a nato

member state. that is massive. >> president macron's comments were a while ago. he wanted to imply there were no red lines for europe because there were no red lines for russia. if that was required to be done, we cannot rule it out. that is all he said. something that we see that the far right and far left are using that against president macron and they don't want to send their children to war. the comment from marine le pen talking about commander in chief is an horrific title of the president. that is putting a huge controversy in france. it happened three times already. the government led by a party and president from another, the tradition is the government lead the domestic affairs and the president leads to diplomacy and foreign affairs. they kind of govern together and agree on dividing things like that according to the constitution. the comments from le pen state it would not work like that.

institution against institution. government against the president and what that implying for ukraine down the line and they would do the rules with foreign policy. this is huge because it would be a massive break in how things have been done so far. it shows we are in complete unchartered territory with the for far right coming into power. the first round would be this weekend. we have to wait until the second round to see what it would look like. it would be a national assembly that we have never seen before. >> the voting on this with the two rounds makes it difficult to ascertain who is the inn winnerh the polls compared to prior. charlotte, thank you so much for explaining that. this weekend will be very pivotal. important across europe for elections. coming up on the show, the

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welcome to "street signs." i'm arabile gumede. these are your headlines. president biden on the back foot stumbling in the first presidential debate struggling to counter attack and false claims from his republican rival donald trump. >> we had an economy that was in free fall and pandemic so badly handled, many people were dying and he said it was not that serious. >> he has not done a good job. he has done a poor job. inflation is killing this country. french stocks under perform while the french-german ten-year spread hits the highest level in decades with the french debates. >> there is something i find dangerous which concerns marine le pen raising the president's

role as commander in chief of the military. >> my position is system. support ukraine and protect against the risks of escalation. and eu leaders nominate ursula von der leyen for the bloc's top job despite opposition from italy and hungary. >> plain and simple, i would like to express my gratitude for those who endorsed my nomination as president of the european commission. i'm very honored and i'm delighted. the shoe, that's dropped. nike shares take a leg lower pre-market as the sneakermaker projects a surprise fall in full-year revenue. eu leaders have agreed to no,

nominate ursula von der leyen for a second term of the eu commission. bloc leaders have picked former portuguese prime minister as the council and estonia council member as the next chief. the three received broad support from european leaders, but there were a few hold-outs. speaking offer theafter the nom they promised unanimity. >> there is war in europe and there are challenging for the european foreign policy. my aim is definitely to work for the european unity and protect european interests and values in the charge of the geopolitical context and build global partnerships as well which is very, very important at this time. >> europe and the world are

facing challenging moments, yes, but european union has demonstrated its resilience in the past and always finding strength in unity. and building unity between member states is my main priority when i take my position in december. >> silvia amaro is joining us more on this one out of brussels. si silvia, if they are looking for unity, they are looking on the back foot with hungary not obliging. >> reporter: it depends how you look at it. in the words of the german chancellor, there were people at the table. there were two leaders not voting for ursula von der leyen as the president of the european commission. u ulti ultimately, the summit was efficient lasting one day rather than two. i don't get to say that quite

often. it was successful in the sense they had the target of concluding these nominations of the top jobs before the end of june and they managed to achieve that as well. of course, now, the question mark is what will happen at the european parliament? ursula von der leyen will need approval by the european lawmakers. because the ballot is secret, there is a question mark if she will get the majority to get the second mandate as president of the european commission. all in all, though, it is worth noting the prime minister was upset with why the negotiations unfolded. as i mentioned earlier, the chancellor of germany outlined even though there was no unanimity on this matter although they has consensus. let's take a look. >> translator: this is a consensus of the 27 countries, though not a unanimous decision. we can expect to receive the broad support of the members of the european parliament because

the three parties, conservatives, social democrats and liberals are the three party families that supported von der leyen in the last election. >> reporter: now the focus shifts to the european parliament. the other institution also here in brussels. basically von der leyen will nea need 361 votes to guarantee that. let's see how that will take place in mid-july. however, though, we are looking here at the new political cycle in brussels and no doubt that security and defense will be top priorities for the next leaders. with that in mind, ukraine will definitely continue to be a major topic when it comes to foreign policy. yesterday, we had a chance to see here in brussels the president of ukraine, mr. zelenskyy, signed a new corporation agreement with the eu. i had a chance to ask him really

if he was concerned about the political unscertainty we are seeing in europe, particularly in france. >> i'm sure everything basing on the support of the people, the ordinary people, you know the leaders, parties, political leaders, and governments always basing their thoughts and decisions only on society support. that's why i hope that even, of course, the decision of any country, we can't push it and we don't want it. that's about freedom. th that's, by the way, values which we are fighting for. i hope most countries will be on the right side of history. on our side. >> reporter: so president zelenskyy there making it clear for as long as public opinion is on the side of ukraine, that he

expects continued support from allies, whether that is france or the broader eu. let's see what will happen because, arabile, we have been looking at a shift to the right of politics and we have the u.s. election coming up. all of these topics together are putting additional pressure on ukraine as they try to understand for how long really they can continue to expect support from international allies. >> that is the key, silvia. i wonder if that is the time because the meeting has finished early. very interesting. thank you so much for the coverage out of brussels. here is a quick look for you out of the markets. i was speaking about the french market was the under performing as we head to the first round of voting. yes, some of the aspects of the european elections have been sorted. the french elections across

europe are pivotal. you have the uk elections on thursday and then nervousness trading across the markets. cac 40 is down .40%. similar uptick for the ftse 100 up .40%. the rest of europe looking to head a little bit higher. on the three-month basis, europe has gone almost nowhere really. marginal gains when compared to some of these as well. year to date, however, it is up around 7%. on to the fx market, it really has been how the dollar has managed resilience. that is what you have seen this year. that is the key theme. the dollar-yen has been in key focus following on from the weakness of the yen and having seen rates rise up out of those negative levels. would there be a continued hike in interest rates? big question marks over what happens to the yen and what happens to japan.

we did see tokyo cpi numbers come out and we'll be reading into what exactly happens out of that far east nation. in fact, the japan finance minister has reiterated deep concern over the yen once again taking action against excessive moves. down 12% this year hit by the stark interest rate differentials between japan and the united states. investors are keeping a keen eye out for any potential central bank intervention after japan spent almost 10 trillion yen in late april and early may to boost the yen from the low of 1 160.25. meanwhile, financial regulations have named the new top discipline. we have key data out stateside at 8:30 this morning. that will be crucial to determining the path of rate

cuts in the united states. pretty much seeing a flat stance from the dow jones industrial average which has been pretty much the picture as well over the last couple of weeks, in fact, when one looks at the broader incline for the first half of the year. 19% up for the nasdaq. the dow has been a laggard with a gain of around h4%. nike shocked markets forecasting a mid single digit fall in full-year revenue. it could cost the firm more than $15 billion in market value if these losses hold. analysts had been expecting a rise of under 1% according to lseg data. nike has been hit by lower demand with consumers picking up brands like on or hoka. we have our analyst joining us now to unpack a little bit more

movement here. shelby, thank you very much for the time. when one takes a look at the distinct differences across the spectrum here, especially stateside, you are an active investor and really knit pick. it is becoming significant, wouldn't you say? >> absolutely. when we look at the lack of breadth in the market, being active is crucial. that seems like that shouldn't be the case, but it really is because it is what matters after that breadth return. when we are back in the situation where your individual choirs choices do matter, we want to make the decisions right now. when we look at something like nike, we are going to be interested, not necessarily because it is something we would choose in our active positions, but because it would help give us a little bit of insight on what else consumers are choosing. are they choosing another brand

or trading down? is everyone going to suffer the same drop in revenues? what is going to be the situation? that is exactly something that explains the importance of active management. >> that nike story tells a broader consumer story, doesn't it? there's general sense of weakness, though one would say. a dropoff considerably in nike. we had news, of course, out of the likes then of mcdonald's. you had so many retailers -- even retail sales is rosy. you are still bullish, aren't you? >> it comes down to what sort of approach you are taking. when we think of the tolls the consumers have to go through and buy or ways they have to pay, that's where we see opportunity, but then it does depend on retail sales the fact that we're facing a situation where another generation is coming into one of the most expensive parts of

their lives. when we sort of adjust for different non-discretionary things that have to be included, we can take another look at how retail sales are doing. if we just look at them nominally, yeah. it doesn't seem great for individual brands or certain stores that don't emphasize value, but emphasize the odd impulse spend and highly discretionary product. it is really where value is and low elasticity for income. >> so, in this market, arewhat you looking at and picking on if you see the weakness in the retail brands especially, you are seeing the breadth not as widened as you perhaps like it with the top corporate stuff. where do you go? what areas are you looking at? >> one of the names we really like in the portfolio and it is

widely owned across our model portfolios and active etfs is mastercard. it is one of the top holdings in the index. it is because they really are just a toll taker. compared to their peers, they have gotten beat up in the last 12. part of that is because they are so late directly to consumption and the different assumptions of the patterns for the rest of the year and how that will effect the fed. v they have the cybersecurity businesses and others that augment their business as well as the fact of regardless of the global dollar are real or nominal. it is all about the nominal increase, right? for them, the more money that is spent, the more passes through the toll. they really are just one of very few in north america, especially, globally especially in far east asia that are able

to capitalize on those fees. that is something we like about mastercard because they get to maintain that position largely across the market cycle. >> you are not worried about the regulatory issues as well as the fears of the duopoly with visa that the likes of mastercard are facing? >> it is something we watch, absolutely. we don't necessarily base our allocations on in the short-term. we are watching that legislation. the other thing to point out, these decisions will be around the consumer and if it is something that makes it more difficult on the whole and disadvantage to consumers to the point where merchants are not doing so well as we thought after this, it may not be something that goes through. we know this sort of thing takes time. we're also in the middle of the political cycle in the u.s. we do sort of expect that some of those otherwise rushed policies anddecisions might be

taking a bit of a break as unfortunately politicians are trying to get reelected. >> shelby, ten seconds. rally continues? >> it is likely we do see strength continuing through the summer barring an uncomfortable pce report, i think we will continue to see a summer hold because it is the last sort of thing that investors want to be dealing with is a summer selloff. >> shelby here joining us here to unpack that u.s. story a little bit more. shelby, thank you for joining us this morning. appreciate it here on "street signs." coming up on the show, joe biden and donald trump clashing in the first presidential debate. we'll bring you highlights after this.

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we're reaching the end of the month and the week and the quarter and the end of the half. very interesting on a friday. interesting to note with the changes you have seen.

the first three months were blistering. the similar uptick that you saw toward the end of 2023. that continues for some parts, but there was weakness in april and we began to pick up in may and perhaps, june has been off really for the most part. particularly in europe. that's where we will start the trading day. you will see a gain toward record levels for the stoxx 600. past 52 #520 points at some sta. for the month, we are down .8%. the key significance here is there has been this a.i. trade, the significant shift higher, the granola, the ones like gsk and the likes of novo nordisk as well in all that, haven't been able to necessarily push up the market across europe in the last month or so. in the last quarter, muted gains with .25% so far.

it still adding on what we get on today's market movement. for the half year, gains of 7.29% is what we are seeing for the stoxx 600. is this still enough value in this market to see gains? yesterday, speaking to maximilian from deutsche bank r saying there were gains to be found. that is an important factor for you out there as well. compare then to the united states, it gives you a clear sentiment that the united states is up double what you are getting out of that one. here you are 15% ultimately is what you are getting out of the s&p 500. again, it has been the tech or a.i. trade, really, that has pushed things on quite significantly. in terms of all those gains and losses, that is perhaps what you will be looking out for. to find the sectors moving up outside of technology is the tougher part as well.

is it technology or communication services? let's move on to the debate stage where joe biden and donald trump held the first debate in the election cycle. they clashed over the border and ukraine and abortion and immigration. nbc news' alice barr joins us. alice, i got interesting news, the trump media share price has moved up 12% in pre-market trade. perhaps that is a barometer over how the market feels over joe biden and donald trump. all that matter was the

fragility and frailty of joe biden. >> reporter: right, arabile, that is the biggest take away fr sure. there were extremely important issues that were covered here, but so much of the televised presidential debate is how the candidates come across. there are some very real concerns from close allies of president biden that he did little to resolve voters' concerns about his age and his voice was hoarse coming into the debate. he did not have the kind of energy and vitality that he needed to, many people feel coming in to tonight dispelling the concerns of his readiness. on the other hand, former president trump seemed measured perhaps mics were muted between the other candidate speaking. he did frequently make false claims that were not fact

checked in real-time on stage. on the issues, he slammed mr. biden over the economy and talking about inflation and blaming him for that and saying that is destroying the country. president biden fired back by saying he inherited a country in chaos when former president trump left and saying the economy was flat on its back and jobs had been added and he's been working to put things back together. the two candidates sparred over the border and immigration. he said we are living in a rats nest saying a stupid and insane policies in letting record border crossings to come over from the southern border. on reproductive rights, back and forth and president biden saying he would restore roe v. wade federal protections. that is a vulnerability for republicans.

the sharpest exchange when president biden went on the attack over the legal troubles of donald trump. we did hear from voter focus groups who said afterwards they were not reassured by what they hard. on the one hand they felt president trump made a lot of false statements. the other hand, they were concerned about president biden having another four years in office. >> alice, thank you for that. we will continue to get more content and as well more analysis throughout our show. just to give you that clear sense of what we're talking about when you talk about the trump media and technology group company and that share price move on the back, then, of that debate. this is pre-market then. 8.9% higher is what you are getting out of that. it is perhaps a barometer of how the market feels donald trump

did compared to president joe biden? does that mean there is a clear sense he has gotten a step ahead despite the lack of fact checking in this debate? despite the inability to, perhaps, understand the dp candidates? perhaps democrats have a worry. we are headed to the pce data out of the united states today and perhaps that is what the market will tomorrow us on today. the nasdaq could start the day 50 points higher. some gains across the board. thank you for joining us on "street signs." this week. we will be back next week with .an elections out of france d uk "worldwide exchange" is next. 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.

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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." stocks looking to close out the first half and quarter on a high note. the big event today is pce ahead of the rate decision next month. former fed vice chair roger ferguson is here. and sounding alarm after president biden and former president trump in the debate last night. we will look at the top issues, including inflatio