the biggest decision of their lives. deal or no deal? it's -- there is no words to describe what "deal or no deal" is. ♪ welcome to "street signs." i'm joanna versace and these are your headlines sparks a global stock rally. u.s. and china are working out their differences over the next three months. minors, autos, tech enjoy the biggest gains in europe enjoying a surge in u.s. futures and chinese equities. unilever, nestle has a

decisive idea and other cem assets in a 4.6 billion euro deal. and qatar announces plans to pull out of opec at the start of the new year just days before a key meeting by the cartel as it prepares to address the recent selloff in crude prices. good morning, everybody. happy monday it is an absolute bonkers session for stocks we're seeing this in europe. barely anything in the red you can see very big, very strong start to the stday. overnight asian equities big move in chinese equities, up 2.5% all of the focus was on xi jinping and president trump.

they are allaying fears. markets are responding in kind the theme has been one of risk on this morning. big rappy. europe stoxf 600 is up let's get up to individual markets. all of the markets here are trading in the green every single one of them, even the high ftse mib italia is a relative under perform yeah. it tells you that the outperforming sectors, those that are trade sensitive, the german index is almost 300 points higher. up 2.7% to ftse 100. a bit higher than 2% as well strong gains for the start in europe this morning. i want to talk about sectors though because this is where all of the action is and where you're going to get a deal every single sector is trading green. up at the top, what do we have basic resources, up 5%

basic resources is one of the heaviest hit sectors autos up 4.6%. let's not forget the g20 wasn't only about china and the u.s., we had discussions on the sideline between president trump and juncker. they allayed fears that we could see dealings there for the year autos are still down 20% tech sector, no surprise there because of the supply chain impact, we're seeing a big jump. oil and gas is back in focus we're rallying because it's cyclical we have the opec meeting coming up this week that's helping boost the stock price. qatar will be withdrawing from

opec let's talk more about auto stocks juncker and president trump met on the sidelines big german names are up 5 to 6%. daimler up 7%. volkswagen as well really focusing on the side that the macro fundamentals are not going here and we can brush aside the threat of deeper tariffs for the time being let's see what happens that is the picture for autos. let's talk about some of the chip makers. it was a good day for technology let's not forget at that technology, you have a huge supply chain impact from the u.s. to europe china imports about 50% of its raw materials in semiconductors.

asml up really enjoying this rally as well no big surprise there. one other sector that we should talk about, too, is the luxury sector remember, this is something we've been talking about on the show for the past couple of months now we talk about it as a slowdown the chinese consumer is doing very well. you see that no surprise this morning that with china bouncing back, we're also seeing these luxury names bouncing back. lvmh up 5% kering up 5% burberry as well they have exposure to the chinese consumer are enjoying some of the rallies this morning. big, big, big bounce there our main story is that china and the u.s. have agreed to this 90 day cease-fire in their bitter

trade war following a meeting between president trump and his chinese counterpart xi jinping at the g20 summit in argentina the u.s. will leave paris at 10% at the start of 2019 agreeing not to boost levies to 25% as previously threatened. china has in turn agreed to buy, quote, substantial amount of american products while both sides will begin negotiations on structural changes eunice joins us with more. eunice, we timely got the truce the market was looking for i'm going to pick up on some points the devil is in the details. it appears the u.s. side and the chinese side has a bit of disparity in terms of their statements and in terms of what they were actually promising >> reporter: absolutely. there's a big difference between the two. so negotiators are going to be meeting in the coming weeks to try to work out some of these unresolved issues but at a

regular press briefing a couple of hours ago, the foreign ministry said that both economic teams were going to work towards removing all tariffs as instructed by president trump and president xi so this eventual removal of all tariffs is one of the outcomes that has been played up in the chinese press but has been not even mentioned by the white house. so the white house, according to the readout, says that the discussions going forward are going to be focused on the issues that the u.s. believes are important and these are forced technology transfers, nontariff barriers as well as cyber theft. so practices which the u.s. believes have been done by beijing and are unfair, however, china has never acknowledged that it engages in these practices. in fact, the terms forced technology transfer, for example, have been barely even mentioned in the chinese state press. in fact, the chinese state press has also omitted a bunch of

other terms and phrases such as the 90 day deadline, the possibility that the tariff to raise and the revival of qualcomm-nxp deal. they say the discussions instead are going to be focused on opening up the chinese market, resolving trade-related issues in line with the needs of the chinese market and its people. that different interpretation that we're seeing is raising a lot of questions here as to whether or not the two sides are going to be able to really see -- be able to work out a lot of these issues because they don't even see eye to eye on the problems however, where they do see eye to eye is they both believe that the deal was a success and i was talking to one chinese executive who said that at least for now they've been able to put off the cold war >> eunice, that is how markets are behaving this morning. we see a big rally everywhere, specifically the china sensitive

sectors. i want to ask you in terms of next deadlines what we should be watching out for few people are talking about the december 18th date which marks the fourth year of the china's transformation of the economy. do you think that could be a date that investors should be looking at closely for further signs that the chinese administration are really serious about undergoing these types of efforts and really are taking seriously the discussions they had on the sidelines of g20 this weekend >> reporter: well, interest's a big planning meeting that's right around that time it's an annual meeting of beijing's leadership where they set economic targets and talk about their economic plan for next year. that's going to be happening around december 18th, december 19th, a date hasn't been set so if there's any leaks from that meeting, that's going to be important to watch however, normally the economic targets from that meeting aren't announced until march 5th so this is a national people's

congress this is when all of these different lawmakers come to beijing to discuss what the economic blueprint is going to be as well as other blueprints are going to be for the year that's also going to be an important date going forward but i think the way this also kind of comes into play is that the tariffs have been now held off so they've been held off from january 1st to march 1st. so there's been a lot of discussions here as to whether or not the chinese are even going to be in a position where they can give up many concessions because right around that time people were going to be sensitive to appearing very strong as they head into this important national people's congress meeting. >> eunice, i want to pick up on the economy side of things as well we know and we've been talking about this the last couple of months, there has been somewhat of a slowdown in the chinese base, particularly on the export side is there hope from the people you've spoken to over the last 24 hours that this could be a seminole turning point for

china's economy going forward and they identify there's a problem, they put a stop to it and going forward you could see a little bit more fiscal stimulus as well as a toning down in the trade war rhetoric >> i don't think that there are many people at all who are feeling very calm right now about the chinese economy. i think most people that i know are feeling anxious, are feeling quite nervous even about what they saw at the g20. yes, there was a bit of a relief, but its it still looks as though the two sides are going to have to have a big battle going forward there isn't a whole lot of relief in terms of what this is all going to mean for the business community and also the economic data that we saw has also been telling a negative narrative from a lot of business people's perspectives. so you saw the new export orders that came out for november they're still declining so whether or not you -- you know, even though -- i guess one -- i would say that one bright spot when i was talking to a couple

of people just a couple of hours ago is that they said that at least you could see that for the u.s. and china, both sides are starting to get a sense of what life is going to be like with all of these tariffs and if all of these tariffs start to come in and they really start to pinch, maybe that's going to compel both sides to act a little bit faster and to really try to hammer out some sort of deal so they don't have to deal with the tariffs on top of all of their other problems. >> have to look at the darkest hour eunice, thank you for bringing us the latest on what has been happening at the same time of the u.s. at the sidelines of the g20. karen is joining me around the desk we missed each other let's talk about the developments over the weekend because what we're seeing in europe today is a big rally in some of the trade sensitive sectors. we're talking basic resources. also luxury. some of the luxury names are up 5, 6, 7% for me this tells me that the

chinese premium is a lot higher than people had been giving them credit for. >> the factors are a play on the market this morning is my sense. it had positioning that's been impacted it's been one event. it's been a series of different events that investors are trying to piece in how they're positioned with stocks we saw the market responds to a dovish sense they're still very concerned coming into argentina in the g20s so the market has held back from the full fed response today, what have they got? they don't have any increased tariffs, no rachetting up of the trade war which had 90 days to try to decide what the next step should be. when it comes to china, that's important. they've been putting in some domestic policies to decide what's important this gives china some time so i think that's hopeful in the sense of the narrative around any china exposed stocks today. >> i was looking at some of the

performance. it was really important here even though we are seeing some of these sectors bounce 4 to 7%, it is a huge mountain to climb especially for some of the trade sensitive sectors. sold 20% on the year, both structural fundamental tariff related basic resources. down 20% tech has been struggling a lot in europe. it will be interesting to see whether this is really a sea change or whether we're seeing a bit of a pop over the weekend. >> right. >> or whether structurally next year people will buy into the story and say, look, there could be 20% up side given how much we -- >> stock prices are coming into the weekend and we needed to see substantial progress for this to be a substantial trade and what did we have? we had a truce we didn't have a major break through, we had a truce. i question how sustained the rally can be you can see a very strong position because of the market rallying we had news on oil

you have big moves in the oil market ahead of opec when it comes to italy, big moves in the italian bank story because there might be a negotiation on the italian budget it's not just one story at play. the whole group of stories coming together and market positioning is so under positioned you're getting a very strong rally as a result >> speaking for three minutes, we haven't take zwrienl to say it's rallying. the markets are out of the way we have g20 out of the way, italy toning down the rhetoric we have a more dovish fed. all of these speed bumps minus the big one, brexit, which is a u.k. domestic issue rather than a global issue. >> i had breakfast with santa over the weekend he didn't mention anything about the direction of the market or which stocks to buy on christmas, however, one of the big sectors that we didn't

mention was the dollar the dollar has been on a tear this year and the question is whether we have a magic reversal taking place you've seen dramatic reversal on the yuan going to crack the 6.9 handle versus moving to a 7 handle is this the breakdown we're discussing >> karen, thank you very much for joining me the latest on g20 and some more and why beijing's description of this week's trade calls differs from america's version of events, head to our website that is cnbc.com. now russian president vladimir putin and saudi leader mohamed bin salman shared an enthusiastic high five they were seen laughing as they shook hands. earlier the saudi crown prince seemed isolated during the traditional family picture and speaking about that part of

the world, qatar will withdraw next saturday. the country's oil minister has announced them to lead the club of oil-producing nations comes after the international stature. it is one of the largest l&g exporters. speaking to some of the analysts this morning in the energy sector, not a huge surprise there. they're having a lot of tensions between qatar and saudi arabia they've cut a lot of their production in the last couple of months and the expectation is that this round of opec will lead to another round of supply cuts anything from 1 to 1.5 million. perhaps qatar is saying enough is enough and we don't want to cut anymore and they'll focus on l&g. crude is bouncing up 4% in

anticipation of this opec meeting. there has been a lot of damage taking place down about 30% since october, and these are some of the main energy stocks this morning up anything from 2 to 3% all of the energy names are enjoying the rally as well now across the pond, washington is preparing for a major state funeral for the 41st president of the united states, george h.w. bush he died on friday at the age of 94 bush served as commander in chief from 1989 to 1993 capping a career of more than 40 years as a public servant. as we head to break, here's a look back at his legacy. >> reporter: the white house flag flying at half staff as the country mourns the passing of president george h.w. bush the president's secretary of state and close friend james baker was with him in his final moments. >> the very last words he spoke were spoken to george w. bush,

president bush 43, who had told him how much he loved him, that he would see him on the other side and 41 said, i love you, too. >> reporter: president bush's former joint chiefs of staff chair called him the perfect president. >> he was the product of his parents. we told him, don't show up, george just always remember, you're humble you work for people. you serve people. >> reporter: praise from his former defense secretary, too, who over saw operation desert storm. >> he was superb and his leadership in the gulf war was really remarkable. >> reporter: tributes pouring in worldwide. >> president bush steered the united states and the world to a transition to the end of the cold war and to the expansion of democracy. >> reporter: flowers and gifts being left outside the compound in maine as vigils are being held at texas a&m. >> you can tell the spirit of president bush is alive and will continue to be alive in the school. >> reporter: president trump will attend president bush's

funeral in washington. he dedicated his life to service as president, vice president, cia director, ambassador, congressman and war hero >> president trump lie in state beginning monday night his funeral will be wednesday in washinonndhuday gt a trsin texas where he will be laid to rest next to former first lady, barbara bush for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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welcome back to "street signs. some company news for you. unilever has acquired gsk's business for 4.6 billion uros. the dutch consumer group will acquire gsk's health group and drinks it is a month long process which saw interest from coca-cola and nestle as well meanwhile, manuel macron asked its leaders to hold talks with protesters protests originally began as a backlash against fuel tax hikes turned violent they torched dozens of cars,

looted shops and did some vandalism. they have not addressed the nation speaking on saturday before leaving the g20 summit in argentina, macron said he will always respect people protest but never violence >> translator: justify attacks on police or hurting stores, burning public or private buildings, threatening passengers buy, those responsible for violence don't want change, don't want improvement, they want chaos they betray the causes they say they want to protect and they will be identified and will be held responsible for their actions. >> julianna, this is a president who has seen a big drop in terms of popularity, 25, 26% yet his

approach has been very hard line so far what we heard from him last night, he said the perpetrators of this violence will be identified and held accountable. this doesn't sound like somebody who wants to offer an olive branch >> reporter: good morning, jomana president macron has so far stuck by his policy offering no hard olive branch to these protestors at all. he struck a somewhat conciliatory tone last week in contrast to his initial response but again nothing concrete fra france's no stranger to protests one thing that's different, this is a protest, a movement that is not attached or affiliated to any political movement there's no firm leader this was all organized by social media. the symbolism that is attached to the yellow vests that these peaceful protestors have been wearing is that they make the invisible visible sending a clear message to president macron that not only are they

frustrated around the recent fuel tax increases but more broadly they're frustrated by his political agenda which they've been saying long favors the rich in terms of president macron's agenda, no concrete efforts on his behalf they're reaching out to leaders of the movement. given there is no centralized movement, they are quite a volatile, different group to track down in terms of the broader political implications of this, president macron is not up for re-election until 2022 he also holds a comfortable majority in parliament no immediate risk to his presidency the more substantial political implications may come next year with the european parliamentary elections in the spring of 2019. jomana >> julianna, i should say that we did hear from bruno lamarr who was saying france must beat out tax cuts

good cop, bad cop. 136,000 people have been demonstrating over the weekend ongoing yellow vest protests there. also coming up on the show, speculation about a potential deutsche bank takeover heats up after a two-day raid on the headquarters we see what the ceo has to say about the talks. (client's voice) oww, it hurts...

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welcome to "street signs." i'm jomana versace and these are your headlines the trade truce sparks a global stock rally as the u.s. and china agree to keep tariffs at current levels and work out their differences over the next three months minors, autos, tech and oil stocks enjoy the biggest gains in europe enjoying a surge in u.s. futures and chinese equities unilever trounces nestle in the fight to buy gsk's unit and other cem assets in a 4.6

billion euro deal. qatar announces plans to pull out of opec at the start of the new year just days before a key meeting by the cartel as it prepares to address the recent selloff in crude prices. we just got some data out of the u.k. the manufacturing pmi numbers came in at 53.1. that's a big deed versus 51.5. higher than the numbers last month at 51.1. a bit of a beat there when it comes to the manufacturing numbers. new orders as well seems to be growing strongly a little bit surprising but it's an october contraction it's helped by stockpiling there you go the new orders are building and stockpiling ahead of that brexit data in march.

export orders, however, have fallen again in november this is their first back-to-back fall since early 2016. i would say optically this number looks quite strong but if you look into further details, the reason it's strong is because of stockpiling and export data has been pretty weak settling the details is a bit of a confusing one there. ultimately looks like it did beat on the headlines. that is a picture for the u.k. manufacturing semidata sterling is a little bit stronger today and has come off after the numbers came out the dollar is trading on the back let's talk about european equity markets this morning they are soaring on the back of the very strong asian session last night up more than 2.5%. we're seeing a similar theme play out ftse 100 up. 145 points higher. german index, really strong

start to the day up 2.5%. no wonder that it's doing so well i would say on germany, watch out for friday because that's when we get the cbu leadership context. all eyes on that also italy ftse mib up 2%. there we're seeing language between the italian leaders and the prime minister met with juncker on the sideline. that's been very constructive this morning for european equiti equities let's push on and talk about oil. we're seeing a big jump of 4%. wti is 4.2 brent is up 3.8% again, this is on the back of a very, very heavy couple of months for the sector. down 30% since october what we now know is that the --

well, we know for sure that qatar has announced that they will be pulling out of opec and seeing a bit of reaction the reaction had actually been started this anticipation of the opec meeting this week it is widely anticipated that opec's plus members will be seeing a supply cut. given the extensive position trimming, no surprise they're reaching a balance this morning as well. finally, let's take a look at u.s. futures they haven't had the chance to fully respond to the g20 developments this weekend. dow is seen opening up 480 points higher there. nasdaq also tech sector up 170 points very strong start to the session it looks like for u.s. markets as well. now the ceo of deutsch bank says germany's largest lender is not at risk of a takeover. speculation about the bank's future intensified after shares hit an all-time low on friday. authorities raided the bank's

fra frankfurt headquarters last week annetta has been following this. i was surprised to see the shares up given the litany of bad news that has come out over the last week. >> reporter: yes, actually, that's true, but also you have to look at the level where the shares are coming from they hit another record low on the back of those raids last week and today was like more of -- yeah, more or less of a little bit of relief rally in the markets. they're probably also seen as a good vibe by some investors it seems. let me bring you up to speed on what happened over the weekend we got a joint statement from the prosecutor and deutsche bank that they're very quickly and also working on getting more evidence and that the bank is fully cooperating with the authorities. that is probably a very good

sign because back in 2012 the banks did not fully comply with the authorities, didn't cooperate very well and that made things even worse so as it stands now, they're backing the two employees in question saying until proven otherwise he deems them to be innocent looking at the details of what's happened inside deutsche bank, the transactions apparently were sold already by deutsche bank but nevertheless there is a huge amount of suspicion that this money laundering has taken place. what happens next is not clear yet when it comes to legal processes, but what is quite clear, that this is, again, a blow to the reputation of deutsche bank and some analysts are already saying that the prof profitability target for 2019 for a return on equity of 4% are highly in danger because in that

environment the question is how can you grow revenue, how can you attract clients if you are -- you're having one scandal after the other? for now, as you were saying, today is slightly positive day for deutsch but don't forget they are really close to their record lows. for that, back to you. >> that flexibility question is certainly a big one for investors next year. as you say, they've got 2.5% return the target is 4. big question whether they can meet testimony thank you for bringing up the latest from frankfurt there. banco dpm has struck a deal to off load bad loans. they're selling the credit consumer business. the sale will help boost the banco bpm balance sheets

due to budget negotiations between rome and brussels. unicredit is selling as well seems to be a theme as we get to the end of the year. e.u. commission president juncker has urged the italian government to cut 4.5 billion euros. juncker has asked rome to reduce next year's budget deficit from 2.4% to 1.9% of gdp. the paper also reports that the prime minister will hold budget talks with his deputies ahead of the euro group meeting later today. let's first check in on some of the italian banks. there are some idiosyncratic stories. they're selling off non-performing loans in line with a big boost we are seeing a bounce from eye tall yab banks, up 2 to 4%

let's take a look at italian bond yields which have fallen to 2 month lows. italy's finance minister is negotiating. they're at 3.15. they're 12 and a half basis points on the day. our experts join us for more on this topic i know you've been watching this closely. it really feels as though there's a bit of horse trading going on here. 2.4% 2.1% if they meet in the middle at 2.1% can we just put this story behind us and move on? >> i fear that that's not the case i've been hearing from officials in the brussels that the chances are that the procedure against italy will actually go ahead that's been the feedback from there. this is quite complex. we heard from the european

commission last month saying that it suggests the european union opens such a procedure against italy but it's unlikely to kick in until january the 28 finance ministers need to approve it they're actually meeting tomorrow this item is not on the agenda. >> but is that not because they're also giving a little bit of breathing space to the italians to go back and revise their budget in order for them to actually approve this edp they would need confirmation that the italian government is, indeed, sticking to the 2 point.4% target they're beginning to soften the tone the question is where they can find the spending from because clearly both sides, you've got both sides, they want to stick to their elections if they do cut spending, where is it going to come from >> exactly that's the big question mark the italian government has said they're willing to reduce the deficit target from 50 point be point 2% but not more than that

and at the same time european commission already says that that's not enough, that italy needs to deal with much more let's not forget we're talking about more than 1350% debt to gdp. that's the figure that the european commission really struggles with. >> one of the other big items that comes up a lot is that of the tension reforms. the previous government requested special permission from european commission to actually enact those reforms it would seem a little bit strange for this government then to also expect them to undo the reforms as well. what is the future >> well, they're wanting reforms that could be changed with this new government in fact, the labor markets are expected to be changed that's another area that the european commission really struggles with overall, the italian economy

already starts to signal few warning signs. you have gdp figures last week they show the first quarterly contraction for the first time in four years. of course, quarterly figures are quite volatile they show a slowdown in domestic demand that was a point that morgan stanley raised last week in fact, the bank expects 0.5% of gdp for 2019. >> 0.5%? >> 0.5%. >> let's give that some context because the italian government is expecting 1.5%. >> definitely. >> a few more warning signs to watch out for. >> absolutely. >> bringing us the latest on italy, that was sylvia amaro. the forecast for italy, head to cnbc.com to see why they have the forecast at 0.5% elsewhere, the far right

voxx party has won seats results show the ruling socialists still gain the most assets but no party won an outright majority. vox's strong showing shows it's got the third biggest economy. speaking of the results, the president of vox party says it could be there for the rest of spain. >> translator: once again we make history as many times in the past they are shaking off the socialist regime marking the way for the rest of the spanish people by saying it is possible and even easier to do the same in the rest of the country and also coming up on the program, a stalemate in l.a. the hotly anticipated fight ends in a draw. we'll have the details after

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(tonand all thro' the house. 'twas the night before christma, not a creature was stirring, but everywhere else... there are performers, dancers, designers the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event.

welcome back to "street signs. retailers can expect to deliver on revenue growth this holiday season that is according to our next guest who adds that the sales won't come cheap as businesses increase investments in online offerings. the president of sw retail investors advisors is with us. great to see you on the show. >> yes. >> let's start off by talking about black friday, cyber monday and your take on the activities this year. >> sure. in the states the estimates are pretty wide. they were down from about 1% to high singles so, you know, that's a pretty wide range but still negative. >> negative? >> negative. despite the improvement in the consumer is feeling in spending, the track is still down. certainly in europe we saw -- in the u.k., we saw the same thing. traffic was down 5%. shopping centers even worse in the u.k. this is interesting. i understand that the foot traffic is down, but then

everything you read is about online sales doing really, really well. u.s. up 28 to 30% according to oo doeb, some of those numbers just the increase in online sales does not compensate for the drop in foot traffic >> in some cases it does but in most it won't. overall online is 10 to 15% of business for apparel it's a lot bigger. you see the high growth online which won't compensate if 80% of your business is still in stores and still down in addition to that, as sales transition online, think about all of the spending that these companies have to go through to get their supply chain, they have to do free delivery so it's a less profitable business as that shift takes place. >> this is something we've been talking about for a couple of years now. the trend is more and more of a push into online sales as you just mentioned, it is costly do you find that investors are

rewarding companies who are investing in online technology even though it's eating into their margins at this point? >> it's interesting because a couple of years ago when walmart and target first started talking about the investment cycle investors munched the stocks but then when the comps came through, it's interesting, we're buying into this target has said we're going back into investment cycle. look at a company like ethos, our cap exex is going up investors will give you a pass if you keep the momentum when that goes down, the stocks get a hit. >> your look at the u.k. retail sector you've had a number of high profile names. they've all had to change their business models and closed down, lots of layoffs there. is the worst over for bricks and mortar businesses in the u.k. or is this trend going to continue? >> i think the trend continues here and i think you're just

starting to really get kind of the reality check. all of the names you just said probably needs mark spencer over $100,000 a lot of these brands are over short. if you look at the u.s. and what has happened to the mall space and all the closings, the problem is once you get the big black holes on the high street when the big stores close, the traffic in general is kind of a void so that's the real risk here. >> isn't there also room for other companies then to pick up some of the traffic that is not -- to actually gain market share because some of the big heavy weights in that industry are leaving? so doesn't that also create opportunities for other names to step in there? >> it creates opportunities for the online guys because, again, if the high street looks like it's been on sale and it's closing down, you don't really want to go there it's not a destination then that kind of pushes people online because why would i get

in my car somewhere and go where it's not exciting. those are the ones that stoond win. >> what are a couple of names you like >> pbh has sold off. i think that one is interesting to take a look at. they talked about the fact that china tear reveariffs if they h- >> luxury? >> we kick the can down the road for another 90 days. in general some of the really strong brands like nike, pdh, you can start to look at those again and say, okay, some of the black cloud overhang has been lifted. >> certainly we're seeing that play out in the luxury sector. thank you. thank you so much for joining me i'm sure we'll chat again around christmas time president of sw retail advisors. well, heavy weight boxers

have promised to have a re-match in 2019 after producing a thrilling but controversial draw in l.a. over the weekend that would mean a fight for either man against the other unbeaten heavy weight. anthony joshua has to wait we're joined now. >> reporter: thank you, jomana a loss was not on the cards for either fury or wilder. they still maintained their unbeaten records they have draws on their cards it was controversial fury was the much better boxer but it was deontay wilder as it could happen with the power punches. he did get tyson fury down twice. the one in the final round was absolutely brutal but somehow the champion that he is, linear

champion, tyson fury got up off the canvass and mappingsed to box on almost looked like he was going to win that round. split decision given the first five pounds which is almost unfathomable they say everyone knows who won the fight. they both called out anthony joshua they might have a rematch on the cards. we can see those numbers will go through the roof in terms of what those might be worth to both of the fighters after the fight, after everything has calmed down here is what both fighters have to say? >> i got good fighting spirit. never say die. get back up. even in the fourth round when i got knocked down, i got back up and probably won the round i'm not going to take flanything from deontay wilder. great fighter. >> i would love to go for other titles i've always opened it up one champion, one face, one

name you know i always wanted to unify the division, you know i feel the one who unified the division really bring boxing back because the heavy weight division is too small to have so many champions >> they sang american pie. that was a nice part >> yes. >> tyson fury overall agrees there's no winner. there's some controversy with that because many people are saying he deserves to have bins won it and coming back from drug issues and coming off the floor. there were memes going around and a pairing to look like the undertaker after getting up after looking like he got knocked out. tyson fury is coming out well. >> i went to watch the new

"creed" film this was real life with a lot better fiction was much better -- sorry, fact was much better than fiction on this occasion it was like a hollywood kind of revival. tyson fury's camp said maybe it is the comeback from all of those things, there's a huge, huge backing away from boxing. that doesn't mean he should just win this fight, but deontay wilder has a case to say he won the fight. maybe a lesser case that the two knockdowns say he should have won. tyson fury boxed absolutely brilliantly. >> looks like 2019 will be a big year big fans like myself. >> that's the point. the feets on the cards between these two guys and anthony joshua are huge. whether deontay wilder wants to

enact the rematch card or whether he thinks fury is too dangerous. i want to have a rematch because there might be such an appetite for it. >> how much did they get paid? >> $14 million to wilder, 10 million to fury. the numbers go up a hell of a lot the next time around. >> for more on what brought them to the fight and what could be in store head to cnbc.com. very quick look at u.s. futures opening up much higher after the trade truce announced this weekend. dow up 500 points, nasdaq up 175. that is it for the show. thanks for watching. good-bye rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor.

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it is 5:00 a.m. in d.c. and here is your top five at 5:00. the global markets are cheering a trade war truce. the u.s. and china reaching a 90 day to talk on tariff. stocks love it showing a 500 point jump at the open the rest of the world is rallying as well among the biggest winners are likely to be the automobile stocks we'll tell you why plus, breaking overnight, opec beginning to fracture one of its members saying it will quit the cartel next year oil is