similarity. good morning. a quick exit. david cameron says the uk will not turn its back on europe, but some leaders are still pushing for a quick divorce. the latest from their summit in brussels coming up. plus a developing story out of turkey. suicide bombers kill at least 36 people at the istanbul airport. officials say isis looked to be behind the terror attacks. it's wednesday, june 29, 2016 and "worldwide exchange" begins

right now. a very good morning and a warm welcome to "worldwide exchange." i'm wilfred frost. live from the site of the eu summit. sara is on her way across flying back from london to the united states. holding the fort for us in cnbc's headquarters, let's go back to them. dd, over to you. >> we have seeing perhaps a little bit of carry over from yesterday. again, we're seeing s&p 500 looking to open up. the nasdaq futures showing a 22 point gain there as well.

if you take a look at what's happening with europe, we're seeing carry through from the european markets, the dax in germany up north of 1.5 percent. the cac in france, the ftse, is mib and both up by two and a quarter percent as well. as for what happened in asia let's check out those boards as well. knee cay in japan. let's take a look at some of the more traditional safe havens and see if that trend continues youchlt are see the dollar come off recent strengths. of course we saw a huge run off. u.s. dollar trading about 1.10. the pound making back a little bit of ground. it had fallen very hard the

biggest causality of the brexit vote. let's take a look at oil. did brexit kill the oil rally. we have seen it go below the 50 mark. we are currently trading at 48, 47 so seeing some upside today. let's take a look at bonds and see what is happening there. treasuries, u.s. treasuries are at the low yields. the tenure yielding 1.466. let's check on gold too. just in case you thought it was all risk on. look at what gold is doing. climbing higher. so dom, that could be a little bit of an indication. >> the trend for gold has decidedly been higher since the beginning of this year. gold mining stocks have been a huge beneficiary of that as well. you wonder whether the safety trade is going to be there. that is a play on whether the central banks will continue their easing campaigns too. oo developing story, out of

turkey explosions rocking the country's largest airport leaving at least three dozen people dead and around 150 wounded. it appeared to be a kwoord naco attack with gunman opening fire at the airport in istanbul and detonating suicide bombs as well. turkish prime minister saying three bomb reverse dead. the witness aaccounts saying the first blast was heard in the parking lot. others an attacker began shooting before blowing himself up. meanwhile a person detonated a suicide bomb at international arrivals while a third attacker got inside to a kiosk at the terminal itself. the prime minister saying initial indications are that isis carried out the killings, but they are still working on determining what the overall cause was. now in the aftermath, u.s.

carriers were halted, but they have lifted the suspensions of flights to and from istanbul. still a very big developing story. terrorism on the forefront of people as they talk about the political risks in this current environment. >> absolutely. urging the boj to provide enough funds to the market to ensure liquidity in the wake of the uk's brexit vote. they met with central bankers for a second straight day. their worries follow from brexit could trigger an unwelcome spike if the yen, a further speak. hurting the economy ahead of national elections. says the government is ready to use all policy tools to support the economy and small businesses. and a top said official says the brexit vote could create a new drag on the economy at a time when the momentum in the jock market may already be slowing. speaking as many chicago, pow

we powell says it has shifted to the downside. >> the risks to the global outlook were elevated prior to the referendum. we issued a statement last friday saying federal revg r reserve is claiarefully monitor. we are prepared to provide dollar liquidity as necessary to address pressures in global funding markets. >> now powell says a brexit induced rise will add to a steady tightening in financial conditions. we wilfred,back over to you in brussels. >> reporter: thank you. late last night we have uk minister david cameron's final press conference from a eu summit and let's look in to what he had to say.

>> there was universal respect for this decision. and this decision will be carried through in britain and is understand that it will be carried through here in the european union. the tone of the meeting was one of sadness and regret. >> the uk minister also said it was a sad day for him also. it seems the majority of european leaders have accepted they cannot force to invoke article 50. the president of the eu commission, mr. union ka, would like to see it invoked rather than latter. juncker. you have a global picture, they

don't have it. >> now today the 27 leaders without mr. cameron are continuing to meet bind me. however, they said last night the formal brexit meeting of the 27 without the uk will in fact take place in september. it's very hard for them to really start things off until there's a new uk prime minister in place. that means the focus today is in fact away from the european counsel, and, in fact, towards the european parliament. the leader of the scottish nationalist party is in town. she'll be meeting with members of the european parliament and mr. yunger later today. scotland does not want to leave the european union while the rest of the kingdom had voted to do so. having a separate meeting despite the fact david cameron has gone back to the uk

highlights how many complications there are. >> for those who do not understand a nation within a nation, right, scotland, wales, north rn ireland. wants to take a rook at exploring whether they want to separate whereth from the uk and join the eu. how does that work la gistically in the uk. what happens if one of these nations really wants to leave. >> it's very complicated. i think we split into two areas. the first is whether scotland can have another referendum like it had in 2014 to leave the united kingdom. scotlaland voting to remain in e eu. would suggest grounds for a second referendum. once in a lifetime choice. it would seem we might now have another one. however the decision to deliver

one is up to parliament. scotland can't just decide to have one. now, if we switch and look at the membership of the european yoonon, it is not possible for scottish to block the uk's decision. full power in areas like education. there's no legal way she can do it at this stage. there's also some serious complications if she did want to keep scotland in the eu. what would happen is first of all scotland would have to leave; introduce its own currency for a period of time and then try to join the eu on a later date. a lot of work to do first of all, but certainly we're in unprecedented territory and i suppose what nicholas will be trying to do is feel out the possibility of a special status and hop immediately from the pound to the euro or at the moment to join the euro there's a lot of hoops to go through and

a waiting list. unprecedented territory and grounds for a separation, but no immediate legal way for that to happen any time soon. >> economy kate e complicated t. thank you for breaking that down. income is forecast to rise a third of a percent and spending by one forth of a percent. both building on gains from the previous month. look for home sales which are expected to slip a percent. now as for earnings, monosan toe and general mills report before the opening bell. let's stay on the corporate theme as well. mike the world's largest athletic gear maker showing results that looking sporty might not be enough.

nike again pl, a hunl report one global consumer. >> beating fourth quarter earnings, but shares taking a tumble due to disappointing future orders. t that's lower than the 8.28 billion. global future orders rising 11%. slightly short of estimates. this is watched by investors for a benchmark for demand for products over the next few months. nike is down more than 18% this year. the company also says that the rise of online shopping has created excess inventory. this comes amid growing competition such as lu lu lemon, under armor. also feeling the effects of the bauder slow down. retailers are spending as much on apparel. spending more money on entertainment, electronics, big change there. >> absolutely.

let's get to the broader market. peter, we just heard about results from nike, disappointing, we're in an earnings recession, brexit just happened, but look at the markets. i mean, we're seeing this rally. the question is and that's what we asked on twitter as well is this a sucker's rally or an opportunity. >> i'm of the opinion the market and stocks started in may 2015 so what we're seeing from the february low is the bare market rally that hit a major influx poin point. it's going to be an ongoing theme. >> let's talk about the idea there's macro volatility. you talk about brexit. we know kind of what's going to happen. we don't exactly know. we know it could be a real drag on at least the economy overall.

not just in the uk, but the eu and the u.s. we'll. let's look beyond that. is there a scenario now where you can see markets moving higher because they're putting some of the worries behind us or is this a situation where the second half of the year going to be a slow slog through the rest of what's happening to the uk. >> unfortunately i think it's the later. the economy is very fragile. that's boarding on recession historical historically. the u.s. economy is growing less than 2%. so going into the unknowns now post uk vote, we are very susceptible to hiccups. capitol investment has been awful. capitol investments are at levels we saw ten years ago so we can only imagine what it's going to do now. not only post uk vote, but also ahead of the u.s. elections.

>> i know the situation isn't fantastic here in the u.s., but where else are you going to go. european markets are going to be under pressure. asia you have china to deal with. you can say they're moving sideways at best. wouldn't u.s. equities be a good choice given what's going on around the world. >> on paper it does look like that, but at the same time it's u.s. markets that are most expensive. so if you want to look at value, it's actually in europe and asia where you want to be in facting right now for the future returns in the next five years rather than the u.s. markets which i think are still very expensive. >> value hunting may be starting in europe. thank you so much for joining us. coming up on worldwi"worldwide exchange" the future of europe and the implications for the global markets. wilfred brings us more including his fiery conversation with the

man behind brexit. here is what vice president told about the plan to leave the europe union. >> in terms of market developments, i think indeed the comparison does not apply because the reaction to women as you may recall was that several markets froze, seized to work. no information. no buyers and sellers and the big impact all over the world, that was not the case this time. used by this vice president, this little kid, oops, and this obstetrician, who works across the street from this man, who creates software. they all have insurance crafted personally for them. not just coverage, craftsmanship. not just insured. chubb insured.

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welcome back to "worldwide exchange." yesterday here at the summit, the focus was meant to be on prime minster david cameron. the man that stole the limelight, nigh jell fraz. i pushed him to see whether he felt responsible for the falls in asset prices we've seen around the world and it seemed to annoy him just a little bit. let's take a listen. >> please can we end this rubbish. ftse is up 3% today. >> it's 12% up from february. can we all grow up. stop this absolute scare mongering nonsense. >> so the pensions is

irrelevant. >> ftse is up. stop this media hype nonsense. >> but relative to brexit type issues, it's fallen sharply. china collapsing and we've rallied for other reasons. >> there is a declining global economy. and indeed in britain our growth forecast are down. not because of brexit because the economy is not doing as well as we thought because of government borrowing is running way ahead of any expectations. sterling entered a bare market. i actually know about these things because i once had a proper job. >> of course i do feel i have a proper job myself, but clearly mr. if you are raj thinks otherwise. the reason i dwell on this today. the next prime minister whoever he or she may be will carry out

incredibly tough negotiations with the eu. in his interview with me and comments to european colleagues of his was pretty antagonistic and one wonders whether he's helping the situation ahead of the negotiations whenever it is that they start. the point to note of course is he himself highly unlikely to be a part of the next government. he certainly won't be prime minister. >> will be interesting to see how that shakes out. to fulfill even a fraction of what that promised leading up to the referendum. so definitely interesting to watch, but coming up on the show, the latest from the u.s. presidential campaign trail from clinton, the economy, and more. that's a big list. a lot to cover. that is a live report from washington up next. but first as we head to break, here is today's national forecast from the weather channel jenn carfagno.

>> bringing some weather today into the midwest. even in the deep south. even in hot plan that this 92 is not going to feel as good. we'll see that right along the gulf coast. could see another round of storms today into portions of the high planes. right around the hills of south dakota. yesterday was denver rocked with hail, but warm. we'll also have a lot of heat in the southwest again. some of those spots getting well above the century mark. the cool spot this morning is up in northern michigan where your starting temperatures warmed up comfortable to the 70s. near 80 in chicago. that's your forecast.

"worldwide exchange" continues after this.

welcome back to worldwide exchange. let's talk politics. there are any number of hot button issues now. hillary clinton is dealing with the own situations now that the benghazi issues may have been put to rest. donald trump is capitalizing on some of the anti-establishment from across the pond. what is the race shaching up to be in this current environment.

>> reporter: both candidates have issues they're dealing with aside from each other. let's talk about donald trump because even though he sort of sticking to the script like republicans wanted literally with a teleprompter and fig you are tiflly. they're not necessarily the messages that republicans want people to hear. trump is now saying that he would back away from international trade agreements, nafta, the tpp he said it will produce jobs. that has not been the republican standard for a long time. in fact the chamber of commerce which aligns with the party on these things says that's going backwards. it would result in higher prices and loss of jobs with the tariffs leading us back into recession. national associations and manufacturers would deal with the loss of a lot of jobs in the the recent years said trade is good for jobs and he's trying to back away from international trade. there he seems to be breaking

with the party. even last night in ohio he described the tpp as a disaster, the rain of our country, he said. on the other hand you have hillary clinton. benghazi. the pentagon for essentially being a burr cattic nightmare around the time that happened. she's trying to move past that. she said last night, time to move on. >> thank you so much for that. coming up top stories including a global market rally. we'll tell you what's behind that risk on trade and whether it's going to last. stay tuned. you're watching cnbc, first in business, worldwide. and doctors with real-time data at their fingertips asked, "how a man your age could do this to himself?" before any of this, cdw orchestrated a point of care solution

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it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. blor good morning. european leaders meeting in brussels. we know the uk is out, but now the hard part, making it all happen. the latest from if summit. it's june 29, 2016. you're watching "worldwide exchange" on cnbc. a very good morning to "worldwide exchange" i'm live in

brussels here at the eu summit. saraiz ize eisen is flying back >> as you mentioned, market is trying to figure out whether or not we are past that initial brexit shock and take a look at least today. it looks like this rally is going to continue at the start of the session. we are seeing a little bit of upside in terms of u.s. futures. looks to open about ten points hire. the dow industrial average up about 07 points. let's take a look at dollar. it seems to have been moving past brexit and looking perhaps for at the fed. is there going to be an interest rate hike this year or perhaps a cut. let's take a look at the ten year treasury because brexit concerns are still being felt this this market, even though you see it edging up ever so slightly. we are still at the very low

levels. >> it means the s&p dividend yield is greater than the treasury yield there as well. >> let's take a look at the broader markets. start with european equities. green across the board here. the cac in france, the ftse 100 in the uk. both up north of 2%. the ftse mib in italy. the spain and also 2.25 quarter gains there as well. and late last. now let's check out what happened with asia. it closed and we did see green across the board. a check on crude oil because crude oil has been a huge part of this whole trade. 48.50 there. the last up 1.3 percent.

the $49.15 up by about 1.25 as well. let's check on gold. the safety trade. up one-third. >> i'm glad you brought up gold at the end. that leads to the twitter and facebook question of the day. u.s. futures as we said pointing to gains, but you have to wonder is it a sucker's rally. you have low levels. you have the markets rally. >> we have and i love history. the data stuff really does come into play at certain points. certainly wanted to weigh in and go weigh in on twitter and the facebook page and give us your thoughts whether you think this rally could be sustained. >> and whether you're buying into it. >> now in corporate news today,

nike shares coming under pressure. falling short of wall street estimates. shares of foot locker and under armor also dropping on nike reports. investor group is calling on tesla to add two independent directors to its board and strait is rules of chairman and ceo. this amid questions about elon musk control of the board and wake of proposed bid for solar city. >> now, let's turn to a developing story coming out of turkey today. officials say istanbul's business airport has reopened hours after suicide bombers killed 36 people and wounded nearly 150. the prime minister reports the bombers are dead. there has been no immediate claim of responsibility, but officials say all indications point to the islamic state being the group behind the attack. certainly a story that we're watching very closely here. terrorism never something that we want to see in the news

headlines, but certainly a big part of the story today. now let's head back to brussels where wilfred is reporting from the eu summit. what are we expecting today? what can cameron do if he's on his way out? >> reporter: absolutely right. not here today. the rest of the members are meeting without him. yesterday he was relatively cricketive and positive and forward looking. that wasn't the tone we got from every other eu leader. mr. juncker. let's take a listen. >> all those having campaigned for the relief, they are telling us we need some time. i thought if you want to leave, you have a plan. you have a project. you have a global picture. they don't have it, but i hope

that the notification by the next british government will arrive as soon as possible. >> i also want to pick up on a comment from the prench president francois hollande. he says the city which thinks the eu was able to handle clearing operations will not be able to do them. it can serve as an example for those who seek the end of europe. it can be a lesson. still stern rhetoric as to how tough this negotiation might be when it starts. let's talk about that and what we learned yesterday. i'm joined now by tara. she's from political europe. joins us now to discuss a little bit more about what we learned

yesterday. thanks very much for joining us again today. do you think they're going to use this as a moment to reform, a wakeup call in europe. >> right now they're trying to build moral. the idea of how they are reform is being hashed out. it's a little bit of east versus west, north versus south ideas of how europe should move forward. today we're going to get a political statement saying we're still standing. 27. we're still a political economic force and we're not going anywhere, but how will that change? now, the french and german plan includes building up security. further integration of the euro zone and really honing in on the things european think europe should be better at. security, border control,

transport, digital skpchlt the east is saying let's make this less of a social project. let's deepen the internal skmarkt this is being led by poland, czech republic, hungary. there's a real feeling of we got rid of the uk. some say it was deadweight. let's get rid of them anyway. they were out of the zone. they were out of euro zone. they had a huge rebate on that you are membership. some said they were never really die hard members to begin with, but now that we're together, let's i went fwrat further. >> so given the issues of division through europe, who is the prime minister going to have to focus the issues with. >> that's still being hashed out as well. there's an interinstitutional battle over who will be the

chief negotiator of one versus 27. it's going on right now between the commission and the counsel. the counsel is led by the 27 eu leaders and there's a feeling that the 27 leaders because of their different feelings about the uk. some of the countries, netherlands, poland, they have a closeness and may try to set up a special deal to have associate member. so their economy doesn't collapse that also sets a precedent for countries in extremely fragile situations to show you can leave the eu and still get the benefits. that's why you heard such strong language saying you have to be a member to have access to our single market. you cannot get these freedoms for free. >> the other thing ton agenda, what kind of reception is she going to get. >> that's another interesting question because right now

you're seeing a divs in how the institutions are handling it. in the parliament they're welcoming her with opening arms. we love to have you. a body of people that are proeu is good for them and their cause and federalist hope of united states of europe, but here in the council, president tusk is being much more sober about that. saying we need to figure out what is going on with the uk. they need to trigger the withdrawal process. there are two different takes. die hard european versus the sober let's talk about how we move forward. >> thank you so much for joining us. again, a pleasure. guys i'll head it back to you in the studio. >> thank you so much for that. let's get to the top trending stories of the morning. looks like there's been bad blood between airbus b and b and

san francisco. verify registering with the city. usually it's the other way around. and now air bnb they have decedent war chance. they can fight back. >> they helped craft some of that legislation they are now trying to fight. certainly a big development out there. as a northern california native it does speak so me. also another story to ask u.s. customs could start asking to see a facebook page. social media accounts should be part of the screening process. the proposed change would add a line for social media information on all visa application forms for any visitors planning to stay in the u.s. for up to 90 days without a visa so it likes like with all the information we have out there, the government now wants to make that part of the vetting process to let you in the united states. certainly an interesting topic. >> i thought they would have

already had access. also amazon debuting its new sight. launch pad. eligible for amazon prime free two-day shipping and available on main sight. that's a big development. remind me of et si. a lot of startups. the biggest problem is shipping and how long it takes. >> the reach of amazon priek and benefitsover kick starter all in one. coming up today's must reads. the first generation iphone went on sail le on this day in 2007. unveiled the smartphone at the convention about six months before. it would go onto sell six million iphones in the first year. stay tuned, we'll be right back.

welcome back to "worldwide exchange" i'm live in brussels. let's get to our mass reeds of the day. my one is titled we should ignore juncker and talk to merkel. unlike the eu chief, germany's chancellor knows this isn't time for punishment, and guys i think this is absolutely crucial point to pause on. of course tough rhetoric from

the likes of mr. juncker since britain voted to leave, but leaders like merkel and holland. britain has voted to leave, but they also share issues with the eu as a whole. so we should realize when these negotiations start, they're predominantly going to be with leaders of individual countries as opposed to leaders of european institutions and they might make the negotiation a tiny bit easier than some of the rhetoric we heard from mr. tusk. >> then you have to go to the e each country individually which is essentially what the uk wants. that leads nicely into my pick. it's from the wall street journal, it's titled out of the brexit turmoil opportunity.

the brexit vote has unleashed the anxiety of all two continents and all of those who rely upon the stability the union provides. to inspire the confidence of the world, europe and america must demonstrate confidence in themselves and i like this one because he really took a positive slant on this with so much out there about in fighting and tough rhetoric coming from all the different leaders. he was basically saying that europe has the opportunity to show its unity and that they should work on some thing that is great for everyone instead of this harsh rhetoric and also there's opportunity for the u.s. here too. of course leading up to the referendum the u.s. took a hard line. this is a special relationship. it goes back 70 years and perhaps this is opportunity here to cement that and give it a renewed lease. >> absolutely right.

i think president obama since the vote was to dial things back a bit. to suggest the vote was the best to repamain forward. he as opposed to a complete whole hearted kpet of the uk from the europe union. that will certainly be an area to watch. another thing to watch will be "squawk box" and andrew is in new york with a preview. >> quick must read, it's not an article per se, but if you get ben white morning money, it's an a great read. showing pretty interesting things donald trump has said historically about outsourcing. historically he had said it's good and counter poeszing that with some of the thingse said a more recently. it's a bit of fun. i laughed out loud this morning.

trying to make some sense of the senseless this morning in turkey. a number of experts trying to talk us through what took place yesterday and obviously what kind of reaction or what we can be doing if we can be doing anything to try to stop it. we're going to be talking about how to play it. i hate to say that from an economic standpoint. how the markets are reacting. how they may react and what can be done and later in the 8:00 hour we have glen hutchens joining the show. he has a lot of views to share with us. that's what we have on tap at the moment. >> it's going to be a great show like it always is. risk back in play this morning. gaining confidence at least for now after the brexit shock. is the rally for real. we're going to asks jeffrey

clien top next. .

welcome back to "worldwide exchange." joining us now is jeff kleintop. if we see a two-day rally like this, some folks will say that was a buying opportunity. that's the bottom, but are they right. >> as you know, markets never go anywhere in a straight line. the typical pattern for a shock like this and by the way we've seen several of them is to get a one or two day decline in the three to six percent range then a rally, then a bounce and further declines over the next month or two, but usually three or four months later markets are back to their precrisis level. >> so it may be a little early to call this a bottom. >> how do you know how much

shock is going to be. there's so much more to play out here. sure it could be like the u.s. sovereign debt rating downgrade. it can be like japan's nuclear disast disaster. the way to watch that is to look at the financial conditions indexes. these are very important in assessing the overall fall out from any one of these shocks. they were dramatically bad in the 2008 lehman crisis. they've barely had a bimpb this time. they fell back to the february lows around the stock market of this year. nowhere near what we saw in the 2012 european debt crisis. keep a close eye on those. and the fall in the stock market, but we do want to watch that closely as the threat of contagion spreads. it will show up there first. >> let's talk about financial conditions. the banks are a big part of that global condition story.

taking it on the chin. u.s. banks not as much, but are the financials the key to the resurgence of this market post brexit. >> they are the center point or where the concerns are, not just because of balance sheet risk which have been the issue for five or ten years. on the revenue side, how much will they suffer if they're not undertaking capital projects and what about trading, but all of these may not be as bad as feared. that's what financial conditions are showing so far. you may start to see values. particularly in europe where they've fallen very sharply. >> how do you take the market then. if you see events such as the one we've seen that take about three to four months to rvr, do you put your money in now and wait for that money. is this an opportunity. >> i think it's too early. if you're a short term trading investor, you still have the opportunity to wait for the market to settle and come back. if you're a long-term investor

it doesn't make sense to do anything here. don't be jumping out. you should be working for you here and muting the overall volatility. >> our final point, if you put on your speculative hat right now, is there another fed interest rate hike on the table this year. if so, what needs to happen after this brexit situation. >> you know, probably not going to see a rate hike this year, but watch the jobs. we're going to get some income data here coming out and we'll see whether wages and inflation continue to remain. that's not suggesting that the fed needs to be resting back here. we do need to lock at that. it's going to become more important when it stabilized. >> is just a follow-up on that. what kind of economic data will we need to see to show we are in fact on more solid footing rather than what we've seen so

far in the first half of this year. >> watch the consumer. we can get those on a weekly basis. to get a sense of whether the consumer has been hit with confidence. >> jeff, thank you so much for that. now, we only have about a minute left. let's get over to wealth. >> thank you. of course, markets have had a little bit of relief over the last couple of days following the brexit story. managing to bounce back from the severe losses we had in the first few trading days following that historic vote, but the political implications they rumble on. they rumble here. david cameron sent home last night. it rumbles on in the european

parliament. it rumbles on back in the uk as the conservative party starts to pick its knnew leader. that's it for worldwide exchange. score b-- "squawk box" is next. ! customized home protection extra features all at an affordable price! i'm going to live in this. in means getting more from your home insurance with an expert allstate agent. it's good to be in, good hands.

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in turmoil, never before has british politics merged so intensely with global financial markets. good morning everybody, stocks in rally mode this morning as investors regain some confidence. gop candidate donald trump bashing trade agreements. time to restore american factory jobs and calling the trans-pacific partnership deal the rape of our country. killing at least 36 people at the istanbul airport. today officials are blaming isis for the attacks. it's june 29, 2016 and "squawk box" begins right now.

>> good morning everyone. welcome to crosswa"squawk box." yesterday the market gains basically wiped out the losses from monday. you're still sitting on a loss from friday. you can see if morning the dow futures are up 57 points. s&p up 11. nasdaq up by 23. overnight we saw asia up higher. the composite also closing higher. and the early trading in europe today after the gains we saw yesterday. the gains are continuing this morning. the dax is 1.7 percent. the cac in france and in london the ftse. >> let's check your broader markets this morning. obviously currency a big shorter center of the