Skip to main content

tv   Street Signs  CNBC  April 3, 2017 4:00am-5:01am EDT

4:00 am
♪ good morning, everybody. asp welcome, you're watching "street signs." i'm louisa bojesen. these your headlines this morning. president trump says that the u.s. will take on north korea with or without china increasing pressure on president xi jinping ahead of his meeting in florida this week. rock solid support. prime minister theresa may is steadfastly committed to die venture. >> the economic situation in spain is not something we're
4:01 am
clapping our hands at. they haven't made the best of their economy. if you look at the unemployment in the region, it's 40 under the age of 40. marine le penn called it and a party of hatred. and corporate needing to account for it an after internal audit mixtures lower in madrid. good morning, everybody. and welcome. glad that you're joining us on "street signs" this morning. we've got an hour together here at the top of the show, kicking off fresh starts, a quarter incidentally as well. we're looking at the eurozone manufacturing pmi data. just glancing at the march final manufacturing pmi 56.2 which is
4:02 am
in line with what the flash estimate was, in february, and the highest since april of 2011. so, we're looking at essentially the march manufacturing pmi delivery times index. 40.9, the lowest since may of 2011. factories apparently struggling a bit stay triing to meet the demand. the euro unmoved 106. in a bit rebounding a tad over the course of the last couple hours in the two-week low that we hit at the end of last week, showing us data of the eurozone inflation also slowing by a tad more than anticipated. economic european markets suddenly mixed. the xetra dax slight gains there, the fe se med, the cap 40 and ftse 100 flat markets.
4:03 am
and we've got retail media and banks, but as you can see, most sectors training in positive territories. and tech and resources with gains. and right around a three-week high zone. there's a sense that opec will be extending its production consults and we'll be talking about what's going on in the ohio markets and what we anticipate. and now getting involved, send your questions and comments through, you can findous @streetsigns cnbc. streetsignseurope @cnbc.com. we can talk about the performances we've seen. basilis papalano.
4:04 am
thanks for joining us. the various markets over the course of q1. 12.5% gain in the first quarter for asia. extra gain which is the broadest for measures globally. is this going to continue the money that's flowing in for the markets? >> we have an asset first quarter. with europe, the markets closed at a 50-week high. we've seen strong performance across the board in u.s., european and asia. there's a reason for that, we have different fundamentals. last week, we had this minor pullback. but i think that we expect going forward that trend to continue in the back of this strong macro economic data. >> so we're treading on macro
4:05 am
again, the core of what's driving us? >> macro has always been for us at least the main point of preference. variations are in line. we're not seeing excessive valuations. the macro, our playbook is that we are currently in a strong gdp environment. health inflation, rising yields and that should support equity markets. obviously, we have our favorites. >> what are your favorites? >> currently, we refer to the european markets, european equity, euro stocks or in general, the correspond indices, we have the ingredients that we like, germany, france, spain, ita italy, looks good. what we actually like with this incoming political uncertainty there will be more buying opportunity. obviously on a sector level, we favor different things but
4:06 am
overall, i think that the equity, european equity space, offers valuable opportunity. >> so, you don't see the political push towards the farther right? you don't see that as unhinging the overall fundamentals in europe? we're not going to take a step back because of this move towards populous flight? i guess the ecb running the show. i guess the ecb is no longer runle show, we're talking individual governments, i suppose? >> you're right. populism has risen. with the hawkish buyers, but i think that in april, we will see some volatility ahead of potential elections and that could be an opportunity. now, obviously, we've been wrong in previous instances, but i
4:07 am
think in this case, we feel confident that, you know, the center or the conservative let's say bloc will win. and that far, we should expect a decent rally in european equities. >> do you think that we run the risk that brexit could unhinge europe? not so much unhinge the uk, that's one story, actually unhinge europe, we'll have to go through pain and pain again because we don't have enough time to negotiate brexit trade negotiations? or we'll see other countries testing a similar scenario as brexit across the yard? >> i don't think brexit poses a major threat. more of a headline risk because nothing will happen. no major decision will be made. both sides will remain stronger on the views, but there will be no major developments. so the comborpts thing is what happens in the underlying
4:08 am
economy. versus the uk versus europe, i think that currently the eurozone looks stronger. and we have just seen the first cracks in the weaker economy. in the weaker retail sales and the weakening pound by the consumer. so, on the base of that, and the actual macro economical front, that's why we think that it offers a more interesting opportunity. >> we're seeing france, germany, italy, spain, all buying opportunities? >> yeah, i mean, these are the main players in the eurozone. when it comes to sectors, investors should focus on sectors to have pro-growth, sectors correlated with gdp growth. with rising yield, with health inflation, and these are the sectors that obviously the financials, these are the sectors that have these. >> there's seven vowels in your
4:09 am
last name, do you know that? making my job difficult. seven. >> it's a very common greek name. >> thank you. >> i feel a little more stupid now. thank you. chief investment officer from dolfin, we can always practice. banco has discovered the need for audit of previous accounts. reflected in the first half of the year so that approximate 5%. do keep in mind how much it's worth. credit swooiss can hoping to protect its application. taking out numerous advertisements over the weekend saying it only wishes to conduct business of people who pay their taxes. also reaffirmed their commitment to work closely with authorities
4:10 am
in all cases. tesla has delivered a record number of cars during the first quarter of 2017. delivery is jumping by 69% to 25,000 vehicles now. also marking the shopping on delays seen in previous quarters. says were led by the model s sedan with 13,000 sold there. wild the model x contributed more than 11,000. and the imagination tech shares, after apple announced they would quit using graph in its products. seen up by 67% at the motel on the session. and the first quarter of 2017 saw record highs for all major u.s. indices but ended the month on the flat note. the dow and s&p both extending their quarterly win streak to
4:11 am
six. but in the red for march. we have the full breakdown. the first quarter is in the books and it's been a solid one overall with the s&p up about 5%. but the bigger story is money continuing to flow into stocks. ets has recorded their biggest quarter ever. investors wanted stocks and wanted it for more over the world. more than half of the inflows were in u.s. stocks but international funds also had strong flows as well. the big winners were plain vanilla index funds like the s&p or spire which we talk about every day. but we also saw significant inflows into the merging markets etfs. there weren't a lot of losers but high-yield etfs about 5% of its assets under management. what's going on?
4:12 am
it's pretty simple. it's all about confidence. number one, consumer confidence is at the highest level since 2000. some skeptics have been saying harder number have not seen the jumps like consumers have seen. confidence in the economy. number 2, confidence in earning. first quarter earning are tracking up roughly 10%. it would be the best showing in nearly six years. number three, finally, confidence in the trump agenda. lower taxes infrastructure spending. the rest of the year would be about the tension among those three factors. the big issue is can the flows and confidence continue. it's pretty clear they're connected. the trump agenda definitely influences fund flows and center attempt. for example, the third week in march saw the first negative week in flows since the election. that was the week the house failed on its obamacare repeal bill.
4:13 am
streetsignseurope @cnbc.com. you can also find us at twitter @louisabojesen. heading into break, british babies apparently cry more than any other baby in the world. new research to be published in the journal of pediatrics found newborns in the uk they apparently have the highest levels of colic. that's crying for at least three weeks. babies in denmark, germany and japan have the lowest crying levels. has your baby cried a lot? no, not at all. a very good baby. listen, we've got much more coming up on the show. new finance minister, old problems we'll be heading out to
4:14 am
johannesburg to find out what comes next in the south africa saga. and @louisabojesen @twitter. or @cnbc.com.
4:15 am
the new trump administration has made it clear it's pursuing
4:16 am
an america first policy. >> we have an obligation to the european citizen. it is about competition and europe is open for business. >> so, the people who are so you're having a party? how nice. i'll be right there. and the butchery begins. what am i gonna wear? this party is super fancy. let's go. i'm ready. are you my uber? [ horn honks ] [ tires screech ] hold on. [ upbeat music ] the biggest week in tv is back. [ doorbell rings ]
4:17 am
who's that? show me watchathon. xfinity watchathon week! now until april 9. get unlimited access to all of netflix and more, free with xfinity on demand. hi, everybody, welcome back to "street signs." i'm louisa bojesen. snyder electric has made an agreement to sell its data business. around $900 million. the company hopes to close the deal in the second quarter. it says it will be using the proceeds to launch a $1 billion share buyback plan. reckitt bencker isser. the deal includes mustard brands
4:18 am
and frank's red hot sauces. the takeover of baby food makers johnson immediate. and it could bring in as much as 2.4 billion pounds. virgin money is prepared to make a bid for the co-operative report. the co-operative had put itself up for sale back in february. the potential buyers have until tomorrow to post the initial bids. the losses marking the fifth consecutive year of losses. moreno has claimed victory in ecuador's presidential vote securing the re-election. with the results to be confirmed, moreno has a narrow two-point lead over the challenger who has asked for a recount. the result is set to be met with relief by julian assange set to remove the wikileaks founder if
4:19 am
he won the runoff. jacob zuma is facing pressure to resign. the speaker of the parliament said she'll be considering a request to hold a request of no confidence. it comes as a controversial late night cabinet reshuffle seen last week in the zuma case last week. joining us live once again from johannesburg with the latest. good to see you. we've got nine cabinet ministers having been fired. and mr. zuma now facing a lot of pressure to resign. >> absolutely, louisa. and ten new ministers and ten new deputy ministers having been sworn in thursday evening in this aggressive cabinetry shuffle that's taken the
4:20 am
international and local completely at surprise. coming in at local trade we're seeing pressure coming on that. i think the key question here is uniquely south africa new finance minister is incredibly important to understand the depth of his experience. nobody is questioning the fact that he does have 14 years of experience in cabinets. but they are questioning his financial acumen. he has a b.a. in education and a masters in social policy. they're also saying and asking the question as to whether treasury is now in a safe pair of hands or has president zuma now got free rein of the country's purse. and could that be under the guise of what is termed radical economic transformation. here is south africa's new finance minister unpacking this term radical economic transformation, this having happened on saturday over the
4:21 am
weekend. >> the initial economic transformation arises from a skepticism that for quite a long time, the stretch of the south african economy has not been changed. we've got paid sufficient attention to the economy to industrialize the economy, to ensuring that we can aid and. >> over into european programming, we heard the euro international saying that his interpretation of radical economic transformation is the aggressive redistribution of land, but he wasn't quite clear on this term. i think this is potentially what is going to spook markets. we saw international immediately needing to downgrade south africa's growth from 1.1% this
4:22 am
year to just 0.2%. this means that all. hard work that the south african finance minister and his deputy have done over the last 15 months, in putting the country back on to, quote, growth trajectory. and staving off the retro downgrade may be very quickly undone. we are seeing protests fast and furious coming through, labor, business, government, civil organizations, academia coming to the fore. and friday, april 7th has been touted as d-day. all citizens and all organizations, business people alike are being asked to take to the streets and protest what people are terming a travesty. it's really important to note that the finance minister, the new finance minister, took it upon himself to meet urgently, he deemed the conversations to
4:23 am
have gone well. they were robust and cordial. however, fitch has put out a statement saying that south africa's southern could be reviewed as a result of the engagement. >> thank you very much. a lot going on then. emerging markets management. joining us in the studio, simon, good to have you with us. why do you think we've seen such a large reaction in various asset classes? i'm also looking at the yen extending losses again. very volatile trade after more than 1.5% now? >> well, that's word radical essentially. and south africa does need a radical change because she sought policy play in the last five or six years. so they've hl the opportunity to promote growth and reincome distribution. that's why you need this radical
4:24 am
change. >> what do you think happens next? do we still believe in investing in south africa after this? >> i think investors are going to be very cautious. a fundamentally cautious story. we've definitely been cautious looking ahead. this week, as you mentioned, the possibility of no confidence vote. if all opposition "m." s were to vote against president zuma they would need only 50 mps from the 149. that's not very much, with the ki kissism that we've seen. >> are we going to be able to keep an investment like this? >> frank list, i don't think so, agents have been waiting on to see if something positive comes out. radical change in the finance minister is not a positive
4:25 am
thing. markets very much believed in the finance minister. mo moody's could see a downgrade but s&p on the 2nd of june is the most important one. >> imagine markets in general, we're looking at the portfolio inflows into the merging market. that's one reason for the 26-month highs. and high yields over the course of q1. a lot of this is down to the less aggressive stance that we now feel is the fed, i guess. do you think we'll continue to see a very strong q2 for emerging markets? >> i think we are going to continue to see portfolio inflows towards the emerging markets. the main reason people need diversification. the second reason is, you have as we've seen from before, risks increasing. the development risks. so the spread that we're looking at is not only from the top down because of dm but that spread is
4:26 am
going to diminish because dm risk is decreasing as well. this is something that's been driving for the last ten years. >> do you have a preferred emerging market? >> well, we're focusing as you mentioned the higher yields. argentina, for example, anywhere there's a change keeping a look at the negatives from the last few years. ukraine, to a certain extent, gives a decent spread very much politically given but those are the things we're focusing on. >> and you say it works to stop a baby crying is put it on the washing machine? >> yes. it's the noise. >> not in the washing machine. near, on. we had a story about how british babies apparently cry more than other babies. >> yes. >> but you said that worked for your kids? >> well, the washing machine seemed to calm them down. it is the noise. >> at one point under the
4:27 am
exhaust fan in the kitchen. they quite like that -- >> oh, my goodness. i think putting them on your chest is the best thing to calm them. >> simon, thank you very much. >> thank you. >> market strategist at regal investments management. we're steel taking your questions and comments you can find us @louisabojesen on twitter. check out world markets live. it's a blog that runs throughout the entire day. there's lots of good stuff on there. we'll be talking about the french election and stocks and crude oil, all of that coming up.
4:28 am
4:29 am
4:30 am
4:31 am
good morning, everybody, welcome back. you're still watching "street signs." i'm louisa bojesen. your headlines this morning, president trump says the u.s. will take on north korea with or without china increasing pressure on president xi jinping ahead of his meeting in florida this week. rock solid support. downing street said that prime minister theresa may is steadfastly committed to g gibralt gibraltar. >> the economic situation from spain is not something that we're going to be clapping our hands at. they have been made the belt of their economy, if you look at unemployment in the region around us, it's 50% for people under the age of 40.
4:32 am
>> marine le penn tell the euro, the knife in the ribs of the french people as they announce the front as a party of hatreds. and banco said they need to account for the previous years after an internal audit sending shares lower in madrid. well, you wouldn't know sterling off by 0.5% after the uk march manufacturing pmi data falling short of expectations. at a four-month low as the reading is coming through, 54.2. february reading 54.5. a little lower than anticipated. we're looking at the pmi output components, 52.4. that's from 56.4. that's the lowest component since july 2016. manufacturing growth is slow in
4:33 am
the first quarter. this is what we've seen in the fourth quarter according to market. it does seem moment item is lost a bit last month. experts drew lower and consumer demands falling against the backdrop of rising inflation, that the uk is dealing with, according to reuters coming from the manufacturing data, pmi data. we have seen a bit of a reaction in sterling off by 1.25 percentage point. 125.14. when it comes to european equity markets slidingly mixed. dax holding on to bitter green out there. and the ftse seeing slight losses. we're looking at futures where we're setting ourselves up for trade, five hours from now, the u.s. markets opening being called a little higher. this week, we got payroll data once again on friday. and trump meeting his chinese
4:34 am
counterpart xi jinping on thursday and friday as well. so a political perspective is, it's going to be an important week as well. united kingdom is, quote, steadfast in the british enclave gibraltar according to prime minister theresa may. in a phone call to the cabinet minister says that the uk would, quote, never enter into a process of sovereignty negotiations with which gibraltar is not content. this comes after the european union offered its veto rights to spain regarding its relationship to gibralter and the bloc granting power to the territory. speaking to cnbc earlier, picardo has explained. >> to what the whole of europe what spain has pursued this is
4:35 am
quite evil over what it has over gibraltar, over the whole of europe we need to be looking at how we do deals to make sure citizens' lives are not disrupted. to make sure we can do the best economic job for everyone that's relevant. blah do they do, they bring up the perennial issue of gibralter, every one of the other states will have a veto on what the uk will do. it doesn't need to be extracted and put the negotiating guidelines in the negative veto as it has for spain. >> meanwhile, spain has softened its stance from independent sortlansor scotland. saying that spain would not scotland's membership if it happens legally and constitutionally. spain has traditionally taken a tough position over independent movements like scotland's
4:36 am
fearing it would embolden catalonia's ambitions. and the conservative candidate francois is leaving the presidential race. last month, his aides claimed that a number of russian media outlets were publishing fake news stories about his campaign. and the centrist french candidate has focused it on marine le pen calling it a feeling of hatred. according to the latest poll, he would win the first round with 25% of the votes against just 24% for le pen. claire joins us, claire, good to see you this morning.
4:37 am
just talk us through what's taking place. the french watchdog now warning over this russian pole now. >> yes, it seems that russia is getting involved in the french presidential campaign. it is no secret that moscow is rather in favor of the right wing candidates marine le penn and and not too much in favor of the centrist candidate. but we have to be extremely cautious about the outcome of the election because we have three contradictory polls. although in the past, in the recent months, marine le pen, they've been pretty consistent in the polls leading the race. but at any rate, we are starting this morning, out to the front of the national france stronger. and we are here. and i have to tell you that people here are really focused
4:38 am
on economic and social issues. also immigration and what you can feel here, as discussed about the traditional parties. it's no surprising, the city, a previous mayor sent to jail for corruption. so this is an old mining city, and it had difficulties to reconvert to commonly into something -- you know, into a growing area. so there's a high jobless rate. 17% when the national average is 10%. earlier on the show, i spoke to a political expert and i asked him about the motives of this vote. is it immigration or economic and social issues? let's take a look. >> with the immigration, it's certainly important because this area of the country is close to -- at least close to north
4:39 am
africa. but northern france clearly what prevails is an economic situation. the nation is trying to show that civilization is bad. the free market economy is bad. they do not want to go farther with the economic agreement and economic trade. they want to restrict free trade. they want to establish regulation by the state of finance. and part of the economy, after the part where they would nationalize some of these countries which are to the locals, let's say, for example in china, india or wherever. >> we know that there are strongholds on the in both the north and east, but also in the south of france. can you tell us if there's a
4:40 am
typical measure for this? >> the national supports 43% of the working class vote. and surprisingly, nearly 30% of the vote between 18 and 24. that's a huge change from when marine le pen was the head here of the party. a working class vote in the north of france, working class, and in the south, we have more independents, more people, also retirees. many people at retirement age, move from the northern cities to the southern coast of france. we have more affluent voting constituency from the south. and more obsessed by national identity and immigration with the northern voters mostly care about keeping their welfare and
4:41 am
keeping the jobs in the area. >> so, louisa, it doesn't stop here, tomorrow, we go farther eastward to where there is a situation where there is a declining former industrial area which is worried about its future. then we'll move on to the south by the end of the week, thursday and friday. we'll get to treasuries and we'll see what the motives are for this electorate of the national front. and if marine le pen who is strong in local areas such as north and south can transform it into a victory on the national level. back to you. >> you are definitely getting around this week, claire, thank you very much for that. now, president trump has warned that the u.s. is ready to take unilateral action against north korea. and an interview with "the new
4:42 am
york times," the president said he would discuss an issue with his chinese counterpart at their meeting taking place this week. he added if the u.s. helps them, that would be very good for china if they don't it won't be good for anyone. meanwhile, documents released by the white house have revealed the millions of dollars in assets held by trump's top staff. trump's daughter ivanka and beyond gerald kouchner, they have more than $700 million in real estate dealings and investments. the disclosures also show that trump's chief strategic steve bannon made more than $2 million last year. and president again is again accusing the media of missing the real story behind russia's involvement in the u.s. election, as his ambassador to
4:43 am
the united nations said today that is no love between the trump administration and the russian governments. this as the white house pushes to get supreme court nominee neil gorsuch confirmed this week. nbc's jennifer johnson has more. >> instead of changing the rule which is is up to mitch mcconnell and the republican majority, why doesn't president trump, democrats and republicans in the senate sit down and try to come up with mainstream nominee? look when a nominee didn't get 60 votes, you shouldn't change the rules, you should change the nominee. >> all right. we need to talk more about what's taking place. we have the head of the board strategic. your microphone, it happens. it's absolutely fine. let's talk about what's taking place stateside right now. we've seen, there's a trump trade heading into the year. has that switched?
4:44 am
is the trump trade still on? do we still happy a strong dollar policy? >> not really. to be honest with you, i've never really got involved with a trump trade. as a matter of fact, if you look in equity, u.s. equities versus european equities, you'll see european equities have significantly outperformeded u.s. equities even on the back of the u.s. election. i think risk assets, the dollar potentially exaggerated the move in november and december. since then, the trade is about 3%, 3.5% down. i think on a trend basis this is likely to continue. >> we're just looking at the dollar index now. this year. not a whole lot down by 2% on a three-month basis. many saying that the rebound that could be anticipated in some of the other -- in some of
4:45 am
the other asset classes are going to outweigh what we see in the dollar. also glancing ahead to a week where we have nonfront payroll data. if we see a strong week on the nonfront payroll data does that mean that doesn't give the data? >> no, i think if you take the comments on friday, it seems far more likely than not. unless we get a massive surprise either way we're probably going to have two more rate hikes by the end of this year. i think there's a bigger picture playing out right now. and that's that global upswing in growth that we're currently experiencing. if we look at the global manufacturing pmis they're only at six-year highs. >> i think this is what's really driving markets and risk assets. >> the general economic upset? >> yes, absolutely. >> so, again, just to be clear, you think that we could get a hike in june? or is june off the table still?
4:46 am
>> i wouldn't say it's off the table. but i think it's more likely than not that we're going to move into the second half to see the two rate hikes that the fed officials that pretty much communicated. >> the market is what, 58% for a june high? >> yes. i think that makes sense. i think that's quite sensible. i wouldn't say it's off the table. >> and glancing at the survey as well, is business sentiment improving? japan although less than anticipated. does that mean that manufacturing is now anticipating a stronger yen? >> to a certain extent, i think that's right. because i think there's a general misconception that the trend with trade is long gone. i think if you look at trade-weighted basis, the yen is best performing currency on all of the currencies on a year-to-date basis.
4:47 am
so i think they're factoring that in. but at the same time, you know, we have to make sure that we fall things out. if indeed, industrial production improves even with the margin in japan this is likely to -- by closing -- this is likely to push higher. does this mean on a net basis is this bad for manufacturers? i would say no, it's not bad for manufacturers as long as activity is picking up. >> i want to ask about the mexican peso. it's interesting to see how that has turned around despite the fact not a lot has changed in politics towards mexico for the trump administration or have they, has politics changed? >> i think -- this is not just specifically related, basically, with the peso, obviously with currency in the run up to the u.s. elections and up to that. but now what you're seeing is that the market is reassessing a
4:48 am
general aptitude towards what is the ability to push forward potentially with radical recommendations made. as this reassessment is being made by the market, all of these assets that have severely heated at the end of the year due to the trump election are basically going to reverse. >> do you have a preferred currency at the moment? >> i think the ability in the short term is a bit low. it's worth highlighting. april is a terrible month for the dollar, from a seasonal perspective, so let's bear that in mind. i think right now, the good emerging markets from a media per secreta perspective will continue outperforming.
4:49 am
i think the believe in the upswing is going to continue. >> thank you very much. head of global ethics strategy. thank you. coming up here on "street signs" we've got the latest on opec's oil cut deal. that's coming up on "street signs." you can find u us @twitter @louisabojesen. or streetsignseurope @cnbc.com.
4:50 am
4:51 am
4:52 am
hi, everyone. welcome back. you're still watching "street signs." i'm louisa bojesen. iraq has vowed to fully comply with the opec oil cuts according to the cartel's boss. speaking in baghdad alongside iraq's oil minister, he said that compliance with the cuts among opec and non-opec members was, quote, encouraging.
4:53 am
and he also said that iraq's compliance was higher than 8%. with us this morning, good to see you. >> good morning. >> is there any chance at all that the opec deal won't be extended beyond the initial june cutoff? >> well, there will be a lautot it we will get a rollover. some of the finds for the prerequisite to get a rollover. agreeing $2.8 million as a cap. and the other one is the ministry of commons that has said we need to see global stockyards before this is completed. and we haven't seen those yet. so, these two of are the key ingredients are still there. the price itself will be another
4:54 am
factor that binds them together. so, still a lot of factors actually. but at the moment, it looks like they will roll over. >> how much of an impact does the election have here? is this deal still the main reason behind the stability that we're seeing in the oil prices right now? >> oh, quite a lot. because they have moved more than $1 million. compliance has been quite good, despite the skepticism of the market that this is opec, we might not get the degree of compliance as required. they've actually been very, very good with this. ed all in all, they've done quite a good job in making sure that the oil splice hasn't been ballooned. there are quite a few things over the next few months that sort of -- you know -- >> like what? >> one is the market is looking for visible signs of stock cost. you fight see it in refined
4:55 am
products first. so, when the amount of crude falling because you would think this is not visible but the reality is, this unknown is very jumpy as well. so, that's one sign to note. the second and final one, the nature of crude, ie, the quality of crude. so, opec is cutting, light crude dates, that's the one where they're predicting. >> is there possibly an impact of the fed hike, say, in june, does there tend to be an impact? >> it does tend to have an effect. with the costs and u.s. the second in terms of this country, the valuation. the dollar correlation over the past few months has been interesting. it's broken down quite a bit.
4:56 am
so, not a direct one. we've got eventually, i think that cheap cost of financing that the u.s. had for a while it's probably looking like it's good. >> thank you very much. it was gorgeous in london over the weekend, wasn't it? everything was blooming, it was one big snooze fest, fantastic. thank you very much. indeed, we'll see you soon again as well. i'm louisa bojesen, "worldwide exchange" is up next. we'll be back with another version of "street signs" tomorrow morning, same time, same place. thank you for your company. see you soon. so you're having a party?
4:57 am
4:58 am
4:59 am
how nice. i'll be right there. and the butchery begins. what am i gonna wear? this party is super fancy. let's go. i'm ready. are you my uber? [ horn honks ] [ tires screech ] hold on. [ upbeat music ] the biggest week in tv is back. [ doorbell rings ] who's that? show me watchathon. xfinity watchathon week! now until april 9. get unlimited access to all of netflix and more, free with xfinity on demand.
5:00 am
good morning. welcome to q2 the dow and s&p now on a six-quarter winning streak. behind the wheel, tesla beats expectations delivering a record 25,000 vehicles in its last quarter. plus, washington watch. president trump draws a hard line on dealing with korea, this as he prepared to welcome china's to the united states this week. "worldwide exchange" begins right now. ♪ let's get it started let's get it started in here ♪ good morning, a warm welcome

80 Views

info Stream Only

Uploaded by TV Archive on