welcome to "street signs." >> i'm joumanna bercetche. >> i'm julianna tatelbaum. >> european stocks rally after a big rebound on wall street huawei's loss is ericsson and nokia's gain as a cnbc source confirms liang hua has been appointed acting cfo.

reports suggest russia is willing to cut oil production. and the german medical group frenius warns it won't meet its 2020 target. european stocks this morning are in recovery mode after yesterday's steep selloff saw the stoxx 600 close more than 3% lower. today it is a different picture. the gains do not quite match the losses we saw yesterday. the stoxx 600 is up about 1.1% in early trade remember, yesterday the selling kicked off with huawei's cfo's arrest in canada that drove concerns around the u.s./china trade dispute, but then u.s. stateside stocks

rallied off the lows after the "wall street journal" signaled the fed may be having a wait and see mode at itself december meeting. plenty of events in focus in europe oil is still on investors minds after opec failed to come out with production cuts after yesterday's meeting. so investors watching the oil space today. putting it together, it is a brighter picture in europe than yesterday. let's get into the different bourses and see how the regions are faring it's a green picture across the board. the french index is seeing one of the strongest gains among the main indices, up 1.25% the protests remain in focus there. we expect more this weekend. the ftse 100 up 1.6% with brexit firmly in focus. i want to take you through the sectors and see how they are

faring green across the board dramatically different picture than yesterday these are healthy gains for the out-performers of the bunch. none breaking that 2% mark yesterday all in all stoxx 600 down 3%. that is a very, very steep loss. not quite making up for that yet. at the top of the leaderboard, retail up 1.9% construction, travel and leisure, household goods up. at the bottom, autos, banks, basic resources. autos were up strongly early in the day. really a positive picture overall. i want to take you through the european banks it's interesting we're seeing a bounce today green across the board for european banks with the exception of socgen. deutsche bank is up. they've been in focus over the last couple of weeks with the latest money laundering scandal hitting the tape

it's interesting to see if they get a bounce alongside the rest of this space. a positive start to trade. >> certainly much needed in the financial sector u.s. financials are down 5% for the week this week, they got hit. our other top story, the federal reserve is considering a new wait and see approach after its december meeting the "wall street journal" claims that while officials still believe rates will rise in the short-term, they're becoming less sure of the pace or the magnitude of future hikes. cnbc spoke with several major figures yesterday about the fed's path towards normalization. >> i think getting to 2, 2.25%, i've had confidence we should be moving along i think at this stage you're going to hear me be much more cautious and counsel patience. i think there's more uncertainty. global growth is decelerating. i'm seeing some interest

rate-sensitive sectors showing weakness it's too soon to see what to make of it one of the key tools we have at the central bank is patience we ought to be using that tool >> my read of the latest communication is they'll probably slow down a little bit. there was talk about dovish positioning rather than hawkish. so that might signal less dots, and an adjustment to their reading of the facts, their r d reading of inflation and expected inflation their reading of the state of the economy. >> when you talk about the risks of the fed doing too much too fast, there's the risk of doing too little too slow. it's easy for people who own assets, it's about lower rates the fact is a strong economy, normalizing rates is a good thing. the fed will be looking at data until the last minute and they probably will do december.

i don't think the fed should be overreacting because the stock market went up or down, people are afraid of trade. normalizing is a good thing. the world will be much happier if america is growing and rates are going up a bit jerome powell says the u.s. economy is performing very well overall. speaking in washington, powell singled out the job market for special praise saying it was strong by many national level measures we get non-farm payroll numbers today. happy to bring in the investment director from fidelity international so we can hash out what's been going on in fixed income i have to say, i have a fixed income background. i look at some moves in u.s. treasuries the last couple of sessions, to me it speaks of technical activity, some potential short covering going on rather than a zf vesevere dor or a downturn as severe as the

market is indicating >> we like to think of it as a perfect storm taking place this week in u.s. treasuries. you had politics, you had concerns around slowdown in growth in the u.s., you had the selloff in oil arguably positioning was short there is a technical element to it when it comes to the fed and the moves we've seen, ultimately what matters is the market repricing expect takes around the fed, repricing expectations around growth. we have seen treasury yields moving down below 3% >> don't you think we have gone too far down that process? at one point yesterday there wasn't one hike priced in for all of 2019. not only is the market saying we don't believe the fed of the fed dots, the market is saying we don't believe the fed can hike beyond december. isn't that an overexaggeration >> we would agree with that.

the market got carried away. we have 16 basis points, maybe just under 20 basis points of hikes for december not even one hike priced in for this year. that's a bit too much. if you think about u.s. growth and what's going on there, it has been growing above trend for most of 2018, thanks to the tax stimulus it is slowing, that's normal, but we don't envision a recession or massive slowdown. we see the fed hiking in december and twice more in 2013. >> it was interesting yesterday to see the reaction across markets to this "wall street journal" report that the fed is considering signaling this wait and see mode at the december meeting. looking at today's big event, the non-farm payrolls report, does this mean good news for the payrolls report is bad news for the market >> potentially

expectations are 200,000 today again, everything has a price. if you look at what is priced in now, it's fair to say that the next step would have to be the market starting pricing in cuts in 2019, which is certainly not a likely scenario. >> do you think december is pretty much a done deal? to go back to what juleweuliana saying, the fed is turning more dovish, that could gb foriood f riskyassets, but if they don't hike in december, it might tell the world there is a sign of panic. >> it could be a sign of panic a rate hike is still in the cards. they told us they are data dependent. they told us they're looking at

data releases. it hasn't been really that bad, expectations that were lofty over the last couple of months have just been adjusted. >> the fed has been shrinking its holdings over time but it still holds the world's largest bond portfolio, how much of a factor is this in suppressing longer data yields >> what matters is the fact that they are shrinking the balance sheet. the one driver that has driven all asset prices down this year with around two-thirds of all asset markets down year to date is due to liquidity being withdrawn. that is a big deal we are moving from qe to qt in the space of six months. markets have to reprice. certainly makes our job more interesting. risk premium is getting added back it's been tough year for oil investors. arguably now there are

valuations that are at least attractive compared to early in the year >> so far the best performing fixed income has been european fixed income we'll talk more about that after the break. donald trump is facing the possibility of becoming the first president since jimmy carter to run for re-election during a recession for more on the rising odds, head to cnbc.com my guess is they're probably referring to the flatness of the yield curve which tends to be a precursor for a recession by 12 to 18 months. over in europe, today marks the beginning of the end for angela merkel. after more than 18 years at the helm, she will today step down as party chair of the christian democrats, however she intends to stay as chancellor until the next elections are due in 2021 annette is in hamburg with more. can you run us through the contenders for this important role

>> of course i can it sees the woman known as akk, she is the most likely winner of that contest today so, she is coming from a very pure play political background she was prime minister of a tiny federal state for many years and she was promoted by angela merkel to be the general secretary of the party so she didn't get the official endorsement of merkel but she's seen as more of a continuation of angela merkel's policy and not an abrupt change to what we had in all these past 18 years when angela merkel was heading up the cdu then we have friedrich merz, a

bit of the polar opposite of akk. he's a confrontational businessman who was the former chief whip of the cdu many years ago. he was chased away by angela merkel as one of those ambitious men who didn't survive her now he made a surprise return to politics the moment she announced she's no longer running as the head of the party, he came out with a press release saying i'm running i'm interested i want to come back to german politics he's favored by the conservative circles. then we have an outside candidate, jens spahn. he's a well-known figure on the political scene, but he is not likely to make it to the end round of the vote. so these are the three main candidates what's happening today here is that we have a first vote, if there will be one candidate

gaining the absolute majority in that first round, then we already have a result. but if not, there will be a second vote. results, final results most likely will be out around 5:00 cet. >> very big day for the cdu. and for people who have not been watching the intricacies of german politics, the bigger question for investors is what this ultimately means for the grand coalition. is there going to be a difference in behavior, whether we get akk there or merz there in terms of how they deal with their spd counterparts >> it's widely expected that the spd will not be happy with a grand coalition if merz is the marty leader having said that, there's also a counter argument two those thinking that the grand coalition would dissolve as soon as next year the spd has a poor showing in

the opinion polls right now. if we had new elections they would just vanish from the political scene. i guess it's early to say next year we see a new government, it can also drag on like that a little bit longer. bottom line is of course akk is more of a political figure who likes to sort of unify political forces, whereas merz is the polar opposite he likes the confrontation, he likes a more conservative dialogue which is not something that is too easy to digest for the social democrats >> something we will be watching closely over the next 24 hours annette, thank you for bringing us the latest from hamburg. if you have thoughts on what's going on in hamburg or thoughts on anything going on on "street signs," you can follow us on twitter,

streetsignseurope@cn streetsignseurope@cnbc. coming up, the opec cartel waits for moscow to sign up. stay tuned for more.

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welcome back ab foods reported sales and profit for the first eight weeks of its new financial year in line with expectations the british retailer warned trading at its primark chain was challenging in november. they reiterated profit at the sugar business will be significantly weaker due to lower eu sugar prices. german medical group fresenius says it will not meet its 2020 targets the company believes organic sales will be in the mid single digit range and income stable through 2019. the largest oil producing nations seem to be edging closer to an output agreement after russia reportedly suggested that it could cut production by

150,000 barrels per day. iran may also be granted an exemption from their restrictions while the country remains under sanctions. hadley asked the saudi oil minister would he could reassure the market that opec has a handle on prices >> we were not targeting prices. we have an objective that we hope to achieve, which is to bring supply and demand into balance and achieve that gradually and gently over the nirs ha first half of next year as we expect demand to drop. spare capacity that we brought on stream in the second half of this year has proven to be not required >> can you address president trump? >> well, president trump is the president of the largest consuming country of petroleum

the consumer in the u.s., like france, like india and saudi arabia wants affordable energy he has every right to wish for affordability of energy for the citizens of the united states. he is very vocal using his favorite communication tool, which is twitter we hear him and take him seriously. >> hadley is also in vienna and asked how dangerous it would be if a deal was not reached. >> it's the right time for iran to reduce its production, new cuts in production to compete

with other member countries. iran produced more oil than in the previous month it's not iran's responsibility to manage the situation. this is the responsibility of the countries who have produced more and more in the market and got more oil and extra oil >> our guest is still with us. i want to talk about the oil impact on u.s. treasury markets. i tweeted a chart a short while ago, which was tracking the ten-year inflation rate versus the price of oil they've been moving one for one. earlier we were talking about some of the drivers of u.s. treasuries is it fair to say unless we see a recovery in oil, it will be a driver for inflation

expectation? >> it's been a big driver it's ban big moeen a big move, % all eyes will be on treasuries and for broader risky assets our thought is we will not see $30 oil in the near future they will be pragmatic they know, as we heard, that there is a drop in demand in q1. that will have to be met by reduction in supplies. >> let's talk to some people who think this could be destabilizing. downing street rejected reports that tuesday's crucial brexit vote could be delayed to avoid a destabilizing defeat the prime minister reiterated in an interview that it was my deal, no deal, or no brexit.

philip hammond rejected calls for the deal to be renegotiated. he urged compromise and argued reopening the deal was impossible >> the idea that there is an option of renegotiating at the 11th hour is simply a delusion we need to be honest with the alternatives are no deal and no brexit. that will leave us a fractured nation only the compromise of this negotiated deal delivering on the referendum result by leaving the eu, ending free movement of people and reinserting our sovereign control over our laws while at the same time maintaining the closest possible trade, security and kultd rcultl links with the european union, only that compromise can allow our country to move on

>> do you have a game plan for next week? the reason i ask is because i spoke to a few people in the market, they're looking at the extent of by how much he will lose the vote. no one is thinking this will pass on first blush. if she loses with anything less than 50 votes, it would be a relatively positive outcome. 100 plus would be negative in terms of gilts, do you sell at 50 and buy above 100 >> the way we should look at it is all the different scenarios are to some extent equally likely certainly recently we had a drop in perception that a brexit, hard brexit was possible because of the ruling, opinion, because of the amendment

if it passes, the standard comm commonsense would say that gilts sell off, there's a relief but that's not necessarily obvious. if a deal passes, then you also price out the probability of no brexit at all. so there is going to be -- you will be on a path for brexit there is a half chance that we may see lower yields, even in the event of a deal passing, which can go against the conventional wisdom. >> despite what it may feel like given the conversation around brexit, that's not the only event in focus next week we also have the ecb meeting on thursday the swiss central bank, joumanna bercetche's favorite week of the quarter. how important is what happens in the u.s. to what happens in

europe and will europe take it cues from what happens with fed policy or will be more dependant on what happens domestically in europe and what the ecb is doing? >> the ecb will remain a key driver for markets in europe they will stop qe in december. they're not going away from the market they have reinvestments to pring ba bring back so the ecb does matter the ecb is about three, four years behind the fed they're facing a much more challenging backlog. q3 has been bad for european growth and macro and they will have to keep much more cautious stance than the federal reserve. if they're lucky they can hike once next year, if at all. this would make you think bunds

are going to be well supported however in the short-term bunds are looking very much at the other side of the pond, at what happens to treasuries. a 25 basis point yield in ten years, we argue there's value in that part of the market. there is value in european credit, where we have seen the markets sell off substantially this year, underperforming other markets, particularly u.s. investment grade, even though european corporates are in a better fundamental position. >> all right we'll leave it there european investment grade credit is where you want to be. coming up, we will bring you the latest developments in the huawei case as the company's arrested cfo is set to appear in court today.

. welcome back to "street signs. >> these are your headlines. european stocks rally after a big rebound on wall street with technology and retail

leading the gains. huawei's loss is ericsson and nokia's gain as a cnbc source confirms the equipmentmaker has appointed chairman liang hua as the acting cfo. reports suggest that russia may be willing to cut production and iran could be exempt from cuts. and fresenius warns it will not meet its 2020 targets as it drops to the bottom of the stoxx 600. the european markets are holding on to gains so far this morning. we're about an hour and a half into trade all four of the major regional indices in europe are trading higher the biggest gainer is the ftse 100, up about 1.5% we are seeing strong gains

across the board this comes after yesterday's steep losses here in europe which saw the stoxx 600 fall more than 3% we have not recuperated all of those losses, but still decent gains. this is driven by a collection of news, namely yesterday the reversal in sentiment came after that "wall street journal" report that the fed is considering signaling a wait and see mode at their december meeting. that kicked off this shift into positive territory for sentiment. oil still sharply in focus will they or won't they come to an agreement on oil today? that will become a much more important driver as the day goes on i want to look at fx markets and see how the currencies are reacting to the news flow. the pound is coming off about 0.25%. that is causing some of that strength in the ftse, weaker pound good for a good share of uk stocks. the euro is slightly weaker

versus the dollar. we have the ecb meeting next thursday that will come into focus. finally i wanted to take you to u.s. futures and see how the u.s. is looking to open up to put this in context of what we saw yesterday, we had a recovery yesterday which saw u.s. indices end the day off their lows today firmly in focus is that non-farm payrolls report, which is going to give hopefully investors some clue about the direction of the labor market and some clues about where we go from here in terms of fed policy >> so much volatility in u.s. markets. another thing people are watching for is this opec meeting, the results of day two of the opec cartel that are meeting together we had some comments from the saudi energy minister who says he is not confident there will be a deal today. this echoes what he told hadley yesterday in vienna when she asked him about a threat of no-deal. he said it is something that

could actually happen. the oil market has not really reacted that well. again, just to go back to this, the expectation was they would cut production up to 1.5 million barrels a day. 1 million was touted yesterday afternoon. now we hear the saudi energy minister is not confident there will be a deal at all. prent is tra brent is trading lower as well as wti cnbc has confirmed that huawei has appointed chairman liang hua as acting cfo. the white house is seeking to distance itself from her detention. u.s. officials say president trump did not know in advance that meng wanzhou would be arrested on saturday, the same day he met with xi jinping at the g20 summit in buenos aires eunice yoon filed this report. >> reporter: all eyes will be on the huawei's cfo's bail hearing

tonight. meng wanzhou will appear at a court in vancouver at 6:00 p.m. gmt. she faces extra dags dition to u.s. in violation of u.s. sanctions on iran. there are reports that monitors at hsbc flagged suspicious account activity to u.s. prosecutes who had been using the banking system to track transactions the arrest threatens to stall trade talks between the u.s. and china. canadian authorities say meng was detained in vancouver on december 1st, the same day xi and trump sat down at dinner to work on their trade truce. the white house says president trump wasn't aware of the arrest national security adviser john bolton told u.s. public radio that he knew in advance but didn't brief the president himself. reports say the chinese were also informed ahead of the dinner, but that president xi

decided to press ahead with talks. huawei is trying to ensure its suppliers that the arrest won't have a big impact on its business in a letter, huawei says the u.s. move was against the spirit of free economy and fair competition and said regardless of how unreasonable their approach becomes, the partnership we have with global suppliers will stay unchanged. eunice yoon, cnbc business news, beijing. let's get over to washington where blayne alexander joins us with more from that side of things good morning what has been the reaction from the white house to the latest huawei developments? >> good morning to you we are certainly watching a lot of this. and with president trump we know that he tweeted yesterday talking not specifically about this, but more so talking about where things stand between the u.s. and china he tweeted a statement that he attributed to china saying that there is good communication, smooth communication, good

cooperation, and that they're close to getting a deal within 90 days. certainly president trump trying to broadcast an optimistic look on where things stand between the u.s. and chinese trade talks. we know the huawei developments are increasing tensions during an already tense situation between the two superpowers. china demanded the immediate release of the cfo we know here on capitol hill senators on both sides of the aisle are saying, look, this is something that they had been concerned about for quite some time, this telecom giant essentially saying the right thing to do would be for extradition to the u.s. because they say this is an issue that they've decision concerned about for quite some time. >> thank you very much for joining us huawei has reportedly agreed to british security demands. according ing ting to "the fin times," they will change their

practices in the uk to avoid being shut out from future 5g networks the japanese government is planning on halting buying equipment from huawei and zte. a revisement of the government procurement plans is expected on monday. the head of renault and former nissan, char loarlos ghos set to be indicted as early as next monday. makiko utsuda has the latest on this story >> it is reported that prosecutors are expected to indict ghosn and greg kelly next monday when their detention period expires making false statements in an annual report is a crime for which companies can also be held accountable along with the individuals involved and nissan

motor is expected to be charged for not stopping the misconduct. they will likely be charged with misstatement in five annual statements ghosn's annual compensation was set at $17 million, but that figure was slashed after the disclosure of individual compensation became mandatory in 2010 with a portion of his salary to be deferred. the figure was not reported in financial statements the amount that had been deferred during the eight year through fiscal 2017 is said to have added up to more than $18 million. both ghosn and kelly argue they were not obligated to report the deferred amount as the figures were not finalized amid this another case has come to light at nissan factories following a government probe and the firm held a press conference an hour ago and announced the recall of 150,000 vehicles that

may not have been properly inspected. so faced with so many issues, criticism is mounting over the automaker's inability to stopped recurring misconduct that's all from the nikkei back to you. shifting gears to the banks, the cfo of deutsche bank has told cnbc that the market has overreacted to a probe into allegations it helped clients launder money through offshore tax havens this sent the lender's shares to an all-time low. speaking in an exclusive interview, he said deutsche bank was unaware of wrongdoing after its offices were raided last week >> we have been in the papers again in ways that we would rather not be. the frankfurt prosecutors paid us a visit last week in connection with an investigation about which we had no prior knowledge. it relates to the panama papers, an issue we understood had been fully addressed through previous investigations to date we're not aware of

wrongdoing on our part we'll await the conclusion of the prosecutors. of course, as we said and has been confirmed by the prosecutors, we've been fully cooperating with their investigations >> let's look at the capital market reactions the capital market is concerned there might be again the risk of high litigation costs for deutsche bank. >> yes the capital markets will struggle to get a proportion or a sense of proportion associated with these matters what is important to understand is that the business that the prosecutors are taking an interest in is a business that we sold. that transaction closed earlier this year. secondly, it's a very small business it was a trust services business with revenues in the single digit millions and profit in the single digit millions. it's a small business relating to a small number of clients and assets of course it's trust services, which is not -- it is a business

conducted around the world we take our kyc and other responsibilities very seriously in this regard and have done for several years. it's a business in our rewealth management area where through client vetting programs and the like we've been diligent >> i think what spooked investors as well was the fact that the suspicion is that the money laundering ran well into this year, so that current management was already in place. so what's your response here >> so current management has been engaged in improving over time all of our kyc, client assessment programs to ensure that the clients we do business with, we understand the sources of their funds, the reasons they're conducting the business with us. that's been a real emphases of current mang mtd

management. i think the investigation reflects a previous state, if you like, the leaks that came out with the panama papers and whether there was some nexus o client relationships that we had that had come up in the panama papers as i say, that had been fully investigated and to our knowledge that investigation had been closed. >> would you exclude personal consequences when it comes to the current management for these specific issues? >> the current management conducted itself with a real focus on our compliance, control systems. we made enormous investments i believe those investments are showing themselves we are engaged with regulators on that control environment. that's something that has been an enormous focus of the current management >> that was the cfo of deutsche bank in an exclusive interview with cnbc. in addition to watching us on the show, you can follow us on twitter, streetsignseurope@cnbc and you can tweet us directly.

>> only nice tweets. coming up, as france braces for act four in the yellow vest protests as key paris attractions are ordered to close and key football matches canceled refthe break

welcome back it is a big day for markets. non-farm payrolls coming out but we also have opec. we have some flashes in the last couple of minutes outside of a russian energy source saying russia is ready to cut oil output by around 200,000 barrels per day if opec offers to cut by more than 1 million barrels per day. this same energy source says iran, not russia, is now the main obstacle for an opec plus deal a short while ago we heard from the saudi energy minister who said he's not confident there will be a deal today now we do have -- well some headlines from a russian energy source saying they would be considering cutting up to

200,000 barrels. we've seen a bounce back in oil on the back of that. in addition to what's going on in the oil markets, the other big focus is the u.s. fawnon-fam payrolls report. the unemployment rate is seen holding steady at 3.7% prior to the release of the non-farm payrolls report, jerome powell talked up the u.s. economy specifically singling out the strong job market as unemployment sits at a near 50-year low. i'm pleased to say tim speece of personal wealth advisers eisner and amper is joining us. good morning >> good morning. thank you for having me. >> thanks for joining us which metric are you watching most closely in today's report

is there any chance we see anything in this report that drive asths anything in this report that drive asths material step up in conviction >> you're spot on in your comments we came out of october with a 3.7% unemployment rate, that's down significantly we've been running about 15% improvement each quarter since the beginning of the year. manufacturing, healthcare, warehousing, those are the areas where job growth is being created, even real estate toan extent that's expected to hold throughout the 1st of 2019 >> another metric the market has been focusing on is the average hourly earnings number the expectation is that we will get something around 3.1% year-on-year when you look at that number, north of 3% does it make sense

that the market is getting so dovish on the fed outlook? ultimately the fed has two mandates one is employment, one is inflation. employment is at a 50-year low, and inflation, wage growth north of 3%. does it make sense that the market is pricing in one hike for all of 2019? >> well, it does eid like to touch on one point, you made, which is a very good one. inflation has really eaten away at the wage growth the wage growth is up around 3%. inflation has taken away 200 basis points inflation is 1%. if you're driving gdp growth, the amount of dollars spent on consumption is overstated. your other comment about the markets generally, the

u.s./china trade conflict has been the major driver in -- especially yesterday, the uncertainty in the u.s. markets, dropping 785 points and coming back to almost be flat on the day. those are two factors that are going to continue to hamper continued economic growth. it's tough to say what the fed will do. >> to your point on low real wage growth, once you adjust that for inflation, i was reading some copy that you sent us, i'm interested in this line. you said there is fiscal stimulus in the pipeline which should help support growth in the new year which fiscal stimulus are you talking about? most analysts are getting concerned about the withdrawal of fiscal stimulus now that the tax cuts impacted will start subsidin subsiding. >> i think just normal growth in

the u.s., not what the tax act might do actually i think the tax act over time with more favorable corporate rates, those will be -- should be effective to help stimulus. but it's been -- but not yet it's still early to know how that will go it's stimulus from the context of just the lower unemployment rate and gdp per cappa. per capita. it's almost $14,000 per capita those are factors we're looking at >> thank you very much for spelling out your thoughts on this important day for u.s. markets. key landmarks in france will be closed and thousands more security forces drafted in on saturday in a bid to prevent a repeat of last weekend's violent

protests the eiffel tower and the louvre have been ordered to close and six top league football matches have been canceled protesters from the yellow vest movement have been calling for act four, a fourth weekend of demonstrations despite the government's move earlier this week to drop its controversial fuel tax hikes adam has more. one of the matches that people will be watching out for was the mona monaco-nice match. yes, and that was in the south of france. a generally small attendance there. thierry henry has not been enjoying the best of times there. the headline game to be postponed is paris saint-germain's game against montpellier. that was scheduled for saturday

but called off on tuesday. psg played since then. tuchel says we accept the postponement we have to stay fit before next week's game at belgrade. security is important. it's been at the request of the police there's been several games called off only four games still ongoing. saturday's two and then sunday there's two. no word yet from the french authorities whether or not the rest of the games will be called off. >> you know things are bad when sports get canceled. >> it strukt ck me as surprisin given the bulk of the violence was seen in paris, now we're talking about games all the way in monaco being canceled football is no stranger to rough and rowdy behavior did it strike you and the sports community as a surprise taking these extreme measures >> i think the point about security is of paramount performance. there was obviously the

terrorist attack that took place at the stade of france less than two years ago. they have to be careful with that regard in terms of fan violence, france is not anywhere, especially down in the south, where these happen, monaco stays away from that. but in euro 2016 marseille/england fans were caught up in trouble >> monaco doesn't strike me as a place where football rioters turn rowdy >> no ed adam, thank you very much for joining us thank you very much for joining us here's a look at futures causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory.

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the roller coaster ride continues. dow futures are in the red this morning, though off their worst levels of the day after yesterday's monster comeback overseas markets are holding strong this morning. coming up some of the best minds on wall street will break down how you should navigate all of the volatility and i'm brian sullivan at opec headquarters. it's day two of the opec meeting. the russian envoy just arriving. will the cartel arrange a production cut deal today after failing to do so yesterday will it be enoug