welcome to street signs. tea these are your headlines this morning. a manufacturing contraction happens for the fourth straight month while it falls to a 32-month low shares of consumer goods on the fourth quarter on-line sales

beat estimates while the company says it's also looking to improve profit margins by 20% next year. out of fashion shares in french fashion group caring slumped towards the bottom of the stock 600 amidst slowing growth at its peak gucci brands it has been a very heavy morning in terms of corporate earnings as well as pmi numbers that have come from europe we had germany andfrance a short while ago. as of now we got the relief from the full euro zone the composite flash number has come in at 51.3. this has been below the expectation of 51.8. it is also weaker than the 51.6 number registered in march

the numbers have disappointed yet again. they're coming in at 51.3 versus 51.8 at the consensus poll let's give it a little bit more detail, though the flash services pmi number has come in at 52.5. this is weaker than what we had in march at 53.3 it is a three-month low. it is also weaker than the consensus poll going into this the manufacturing numbers weaker there eminating from germany those numbers have come in 47.8. also, weaker than the reuters poll of 47.9, and that number was 47.5 in march. i guess if you really want to find some positivity in this, we are seeing a little bit of an improvement on the manufacturing side of things, but still, overall the picture is still pretty bleak when it comes to manufacturing.

and that overall number as well. early half of the day we had detail on germany and france as well let's bring in -- neil sharing group chief economist from capital economic joins us on the show we're seeing big reaction in the currency the currency is about one-third of a percentage point weaker. >> the big picture here is that green chutes starting in parts of the world yesterday we had that chinese data it seems to suggest that the chinese economy may be going through the worst. this may temper some of that deep below the data there's lots of different things going on germany -- german manufacturing, which is, of course, the powerhouse of the german economy, that is flat on its back that is a dodo and in real

trouble by the looks of things by countered by the strength of the service sector similar things going on in france, but then flip to the euro zone aggregate, manufacturing may have stabilized a little bit and services may have been weaker. as you mepgsed, germany is on its knees as well. i have to ask you, though, why was the german industrial production number so strong last week then if manufacturing is as weak as we think it is >> it's a really good question i think the answer lies if you have to dig below the surface of the german ip number actually, the manufacturing component of that was still

pretty weak. all the strength came in production, and what we've had today has been the manufacturing pmis, not the broader industrial sector they're just concentrating on the manufacturing sector that explains the current dichotomy. the numbers out of china was pretty strong, and there are close linkages between the export economies like germ skpaen china if we see a global economy rebounding in the second half of the year, doesn't that give some hope to the euro zone economy? >> yeah. i wouldn't overplay the linkages between germany and china. i think there's been part of the narrative over the past couple of months. it's been one of the biggest drivers of the downturn and germany has been a weaker chinese economy. it's been a part of it it's certainly by no means by the overriding factor.

what's actually happening domestically within the euro zone is a factor, too. italy, we can talk all day about what's happening in italy, too my sense in all of this is look back to the spring meetings at the imf. was it last week, the week before last. a sense that this was a

temporary soft patch that as we go through 2019 and 2020 the world economy will start to recover. that seems to me to be too optimistic we're looking more fundamental here we're looking at stabilization the main story for the next six, nine, 1 months will be one of weaker global growth we have a big meeting coming up in june mr. draghi has emphasized that they have all tools available to use if they need to use them looking at the numbers today, i mean, their zwrob is getting increasingly more difficult now. >> it will continue to remain difficult. of course, they've got a balanced different parts of the euro zone economy behaving in four million different ways. my sense is that what's going to happen here is that.

>> will that be enough it probably won't be enough, and at point they're going to have to start to grapple with the more essential problem which is how on either can we get the your yes zone economy growing again and how do we raisin flags and expectations i think what that really will require is more actual policy stimulus what could they do the office thing would be to cut interest rates even further. it's negative territory. there's room for doing them, i guess. perhaps they can go without the 10, 25 basis points off of the main policy rates. i think ultimately we're perhaps looking in a world where we might be thinking about more quantity takive easing in the euro zone at some point. not in the next six months probably in the next 12 months as we get into 2020 we get more fundamental weakness coming through in the euro zone

i think they have to start thinking about more qe we'll leave it there and pick up the conversation shortly let's take a look at how markets are reacting. >> there are worrying signs for europe, the manufacturing sector across the board it's painting a very, very weak picture. you can see right behind me there is a lot of red on the board. the heat map is probably mostly 70 periods of the red. 30% in the green this morning. fwaulg from some weakness in asian equities as well it's not a pretty picture. stocks euro 600 it's down .3%. it is not just the macrotoday. we've had a bunch of corporate earnings as well we're right at the heart of earnings season. i'll talk more about that. let's switch on and talk about

the individual forces, though. starting off with the ftse 100 here we're trading yet again a little weaker to the tune of about .3%. remember, we've been talking about the weakness in minors the last couple of sessions. weakness in asian equities overnight also playing its hand in the ftse 100 performance. bear in mind in about 20 minutes time we will be getting the retail sales data watching for that very closely, of course getting signs of the health of the u.k. consumer. we just talked about some of the weakness we've had in the manufacturing numbers. that came out in the pmi having an impact here we're down about 40 points .3%. also weakness in the cac, and this is interesting because while we did see a bit of a rebound in the services pmi, he at the end of the day we're at a 30-month low again, the waebness being translated there ftse mib, one of the big

underperformers today. down 1%. it is not pretty when it comes to the macro, and a lot of th e these. right at the bottom we have banks clearly reacting again to the weaker macro, weaker cyclicals, and that basket has found more than 1% autos down about .9% as well retail also struggling a little bit. down .6% on the flip side we did have more positive news coming out of the staples. . >> underlying sales did beat expectations the anglo dutch maker reaffirmed its guidance for growth to come

in at the lower end of its 3% to 5% range unilever up 3% nicely in trading today. breaking the mold, i should say, given some of the weakness wrooef seen in other stocks. certainly pushing up the food and beverage parts of that market another food group we're looking at is the swiss group, nestle. they posted better than expected first quarter sales growth the company there says strong momentum in the u.s. and china gave a boost to its performance. nestle, however, has cited consumers appetite for fresh foods as weighing on sales of package goods. the swiss firm, which los angeles backed its full year guidance, is now investing in healthier foods by putting less sugar and less fat into its products again, another positive reaction for nestle i should tell you nestle is actually the largest company by

market cap on the stock 67 had certainly one to watch out for switching on to france, the french fashion company caring has posted slower growth at its italian label, gucci first quarter comparable revenue rose 20% down from 28% three months earlier still rose 20%, though sales narrowly beat expectations caring, which relies on gufrpy for the majority of its sales and revenues, said the label is now going to grow at a slower pace after more than doubled in size what's really capturing the market's attention here is the fact that gucci, while still growing, is still the flagship name in caring and is exhibiting -- down 5%. i just want to show you something very dehe key before you move on. this stock is up 28% in the last three months it's up 20% year-to-date yes, we are seeing a lot of trimming on positions, but

ultimately it has been a very good performing stock in the euro zone. also, coming up on our show today a u.s.-china trade summit could be on the table for next month. details on the latest developments in trade talks right after the break. at cdw we get that modernizing your it infrastructure requires deep thought. so quite staring out the window and give cdw a call. they will assess your infrastructure needs, then design and implement a modernization solution using fast hpe gen-10 servers with security features built into the hardware. and provide hewlett packard enterprise proactive care services, 24/7 monitoring and support to keep your infrastructure agile, healthy and reliable. for modernized it infrastructure you need hewlett packard enterprise and it orchestration by cdw. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks.

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>> deutsche bank face says legal action and the prosecution of senior management over its alleged role in a $20 billion money laundering scheme. >> it remains committed to providing information to all authorized investigations. and sh snyder electric has reaffirmed its targets for 2019 after revenue growth rose 9% in the first quarter to 6.3 billion euros. that is above expectations.

the company which is under pressure from activist investor elliott to improve marnlins is now expecting an 8% rise in annual profits slightly weaker than expected sales in the third quarter last month the firm warns that sales growth would slow in the second half of the year after benefitting from early cognac shipments in the run up to the chinese new year meanwhile, the stocks across asia have eased from nine-month highs. the picture across the board is not that pretty. a lot of red on the screen you can save the nikkei 225 end of the day about .8% weaker. the kospi in south korea weakness there down 1.4%. developments with north korea obviously having an impact

the shanghai composite also down about 12 points. 12 percentage points weaker. taking back some of the gains that we had in yesterday's trading. chinese officials now are eyeing late may for potential trump-xi. >> we're in the final stretch of a trade deal, or so we can hope. overnight a senior trump administration official outlined a rough schedule of the negotiations, which is meant to end at the end of may or early june for the week of april 29th robert lighthizer and steven

mnuchin travel to banaling the following week china's vice premier would head to washington and after the two sides wrangle over the text and legal language, they hope to have an agreement that can be signed during a presidential ceremony by as early as memorial day. there is a loot more deals to be done this is what former. >> i am skeptical it's going to be the permanent kinds of systemic changes that we all would like to see. i actually think incremental progress would be a good thing as well. i think the problem is it's coming at a high price the mode of engagement that we now have with china but also with our closest allies like europe and canada is creating conflict between the united states and the world causing uncertainty and i think slowing down the confidence that you need to have sustained growth.

>> there isn't a lot of detail a provision to detect currency manipulation, and the removal of tariffs will be tricky the two sides are still apparently very far apart on the timing of the removal and which tariffs should be lifted unionic on on, cnbc business news, beijing. >> it is removal of tariffs are tricky the deficit hit an eight-month low in february as they plunged over 20% the overall u.s. trade shortfall of 49.4 billion marked the second straight month of declines and surprised analysts who had expected the gap to widen. meanwhile, president trump is expected to meet with japanese prime minister shinzo abe at the white house next week. bilateral talks are expected to focus on trade negotiations. the japanese finances minister will also hold discussions with

u.s. treasury secretary steven mnuchin. this is according to reuters washington reportedly wants to include a clampdown on manipulation japan has been criticized for keeping the yen weak to boost exports, although it insists it is just trying to raisin flags of course, it is no easy task in japan to reach inflation speaking of japan, japanese manufacturing contracted for the third month in april >> on wednesday official japanese trade data showed export orders falling at their fastest rates in nearly three years. with that let's bring back neil sheering group, chief economist at capital economics i have to say you painted a

pretty depressing picture of the euro zone. how are you thinking about asia and the data we've had the last couple of days wetter than expected china gdp. >> we have our own measure to track china's economy and cap the proxy. that's showing that things are starting to stabilize. the big question is where do we go from here how does it affect the rest of the region >> just on your point, i mean, you're saying, fine, don't place too much emphasis on chinese data because you can't -- i guess you can't really trust the official data that's being published. what matters more, the actual data or the first derif tiff of the daya, whether it is growing or slowing or slowing not as fast as people had expected them to slow. >> i think when it comes to gdp data as well, i wouldn't focus on the first derivative or otherwise. i think frankly they've been

uniquely stable for the past five years that really casts some grave suspicions about just how accurate they may be when you look at lower profile data, some of the monthly activity data, i think you can put more weight on some of the data. we've seen some parts of asia, but japan exporters are down mixed signals are weak there are things in the industry that are softer. i think you put all that together, the big question in markets now is we are coming into the year. there was optimism then. january, february, all that really bad slew of data, how bad will things get? now there's some stability are we stet for a recovery and things improving over the second

half of 2019 and the global economy? my sense is probably not it's going to -- we're not looking at 2008 again. we're not looking at big downturn, but it's a run of the mill downturn that will persist for a while. >> there's a fair amount of -- the shanghai composite is up 30% year-to-date s&p up 15% there's a lot of positivity priced in. i'm taking it you are not a buyer of the reflagsary second half of the year then. >> exactly i think kbh you particularly have a lot of optimism priced into equity markets, the inverted yield curve in the u.s. awe a few weeks ago. yields start up again, which might suggest that the bond markets are becoming more confident about the economic outlook. it's particularly the equity markets that i think the optimism is. i any it's probably a bit misplaced. central banks stasht to step back, and you get a leg up in the equity market only for that

on to relapse again. i think that's what's -- that's the shoot that's -- >> perhaps a little trigger happy reading too much into the tea leaves then the last couple of sessions. neil, thank you very much for joining me on the first half hour of the show that was neil, the group chief economist from capital economics. now also coming up on the show, pinterest goes public later today. is it about to be upstabled by another tech unicorn stay with us it was here.

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zpliencht welcome to "street signs. these are your headlines the euro slips and european stocks fall as german flash pmi data marks a manufacturing contraction for the fourth straight month the french read falls to a 32-month low >> unilever popped as they beat estimates while the company says it's also unchecked and proofed profit margins by 20% next year.

shares in french fashion company pairing slumped to the bottom of the stock 600 amid slowing growth at its key gucci brands and pinterest prices its ipo above expectations at $19 per share valuing the on-line image sharing company at more than $12 billion. it's been very busy morning in terms of data we're also getting data out of the u.k. now retail sales numbers let's break them down for you. u.k. marie tail sales has come in plus 1.1% month-on-month versus february 0.6% this is extremely higher tlan expectations the reuters pool was for a negative drop of minus .3% month-on-month

really a lot higher. in terms of its annual number, the marie tail sales number is at 6.7% year-on-year this is the biggest increase since october 2016 who would have thought march was supposed to be brexit month? this was he vertsz a february number of 4% much higher than the poll of 4.6% year-on-year as well. in trmz of the greekdown, i'm talking about the korea tail sales number here. that number came in at 6.2%. that is the biggest increase again since october 2016 much, much higher than the number that we got in the prior month of 3.8%. in february the poll was 4%. 4% was the poll. 6.2% is the number what we've heard from the ons is that the annual jump in retail sales partly reflects aimpact of cold weather in march of last year actually, if you remember in march of last year we had a bout of snow in the u.k explained weakness from a year ago.

still, you would have thought that would have been pencilled into some of the reuters forecasts going to the number. that is the picture for the u.k. retail sales number. it is stronger than expectations for the month of march we discuss easter spending with the ceo of fordham and mason it is not a pretty day for europe we discuss those weaker than expected pmi numbers particularly when it comes to the manufacturing side of things germany and france, a lot of weakness there, and you can see those indexes are trading in the red. cac is down about .4%. dax also down .2%. i should also mention that the worst performing stoke today in the stock 600 is carrying. that is the owner group of gucci. that stock is down about 5%. it's also weighing on the cac to ftse mib down . %.

dollar yen has been hanging in around the 112 may be mark 111.08 is where the currency is trading at now we did have some weakness in the nikkei overnight, and that currency tends to track with it. moving on to fixed income in europe we are seeing some big moves as far as mixed income is concerned. again, on back of those weaker pmi numbers. again, very close to that zero

flat line. it's across all of these different countries as well. the exception being the ten-year spanish bond which tooemz seems to be at the overall exception finally, take a look at u.s. futures at the last trading day before we head out to the break. not for u.s. markets, actually dow was down about 100 points. pittsburgh penguins also seen opening about ten points weaker as well. this after a somewhat weaker session across the board for u.s. equities yesterday. one of the big stories we've been focussing on, uber is reportedly about to ink a deal with a group of investors, including soft bank's vision fund that would value its self-driving business at more than $7 billion. the deal would see a number of shareholders investing $1 billion into the unit in return for minority stake

the report also suggests that toyota and japanese auto supplier denzo would be involved in the deal as well. obviously, a name that we've been monitoring very closely ahead of its widely anticipated ipo next month that is above the social media company's initial price range of between $15 and $17. >> that's still a little bit less than the equivalent valuation it got in its first financing ground in 2017 what does that tell you about the appetite of private investors versus public investors? are public investors perhaps lacking some of the discipline

that private investors have? >> i think we've seen this with a few ipos in recent times this is the first of kind of a few of the kwun corn -- high profile urine corns coming to market we've seen that will they've come to the public market at the low. the last financing round in the private world. i think that's a function of just how much money in capital is going after sort of a limited pool of opportunities in the private world. there's alibaba and ten cent and the big mega cap companies and all of the big p and vc guys you are seeing elevated valuations we're seeing this in the public markets. that's been reflected in the -- >> what do you think about pinterest specifically some of the numbers close to $1 billion in annual revenue. still recording a loss all of these pet companies that are coming to market consistently report losses year after year after year.

for pinterest is it's small. it's 53 million or so. you know, how is this company going to monotize, especially given how much it's lagging in the advertising market versus some of its peers? >> these are some of the questions that came at snap and twitter before that. we see this as much more obvious advertising platform when ben solomon came through, he had a very compelling case for monotization it's not a tax on your time as it is within messaging or within your news feed we see a pretty clear path of a significant growth in advertising revenues we expect the company to be profitable and to grow their profits quite significantly over the next five years. that means that the valuation we can get our head around, which is something that is the case for some of the other ipos we've seen >> i was reading that pinterest launched around the same time as

facebook, which is really interesting. why did it take it so long to ipo? why was it private for so long >> it's by its very nature in the platform, it is a slower burn type of company it's not the viral nature of social media, which is why i say we wouldn't characterize it as a social media platform. it's about an individual there sort of voyage of discovery of their interests, and near rp theefr not looking for validation and a social way from your friends or wider network. as a result, it takes awe longer time for it to build in terms of users. you've seen the user growth can. >> you are obviously an expert in the space i'm curious to hear your reaction to what's happened to lift stock price since the ipo the stock is fraigd trading at 19% lower than where the initial

ipo. is it a function of the underwriting process having gone awry where they -- were they too ambitious in terps of what they were trying to achieve, and what are your impressions of those? >> i think all of the above. >> they've been sustained a lot longer than they would have been in prior history and as a result, you've got sore number two players. still fighting it out with uber. still not being profitable that just makes for a difficult, we think, not any company to make money, but also a stock

>> we will encourage that. pinterest lower than it did at $19. yes, at least uber versus lyft very similar business models, but we think the uber platform has a wider opportunity both geographically and in terms of the services it can offer. we are more positive on uber in terms of its longer term growth profile versus lyft. it all comes down to valuation i keep on reminding people that investing in stocks and not technology, and we have to make sure valuations are attractive enough for us to invest. otherwise, there are more opportunities in public listed technology companies for us to invest in. >> it's tricky to find them. thank you very much for joining me on the show thafts rinksd gloet global technology by the way, it's not only about pinterest. it's not the only tech unicorn to ipo today

video conferencing company zoom is also set to debut deirdre bose aa has more >> some of the world's biggest companies use it for meetings. people use it to chat for every with friends and family and for even personal training sessions. this is zoom that has made a name for itself in a crowded landsca landscape, and it's about to enter this year's class of 2019 initial public offerings this week it will join other names like lyft and soon uber and tap in public markets for the very first time. >> these companies are disruptive some are profitable. others are not we even see some of our yub corns. the revenues, the hype around them makes them think these are significant companies like billion dollar revenue companies. not necessarily at that size >> zoom is already profitable. ist also growing faster. more than doubling revenue last year since its launch in 2012 zoom's

customer base now includes pands -- pandora, gap, and wells fargo. how it performs in the weeks and months ahead is not garon teeds. zoom has to stay competitive to keep its edge in a field that includes big enterprise and consumer names alike cisco, microsoft, google, amazon, and facebook within its ipo paperwork the company says that an inability to attract new customers and get people to pay for more expensive subscription services could harm the business this week, though, it will debut as a rare greed of unicorn the name given to so-called billion dollar plus start-ups. it's profitable. deirdre bosa, cnbc business news, san francisco. in an interview with the wall street journal he said he was very committed to being vetted for the role despite signs that a potential nomination would not be approved by the u.s. senate caryn stressed that new voices are needed at the feds

>> jp morgan has appointed ai new cfo head of card services. jennifer will take over from marion lake who has been tipped as i successor to chief executive jaime diamond. lake will move into an operational role as head of the bank's consumer lending business sticking with the banks, morgan stanley beat profit in revenue estimates in the first quarter the bank generates a 2.4 billion dollars in quarterly profit thanks to better than expected results in 12 management and fixed income trading units moving on to another sticky topic here, protesters disrupted traffic in central london as the demanded action on climate change authorities had to physically remove one demonstrator who super glued himself to a train others glued their hands together outside of british opposition jeremy corbin's home. the protesters are calling for an ecological emergency and to

reduce greenhouse gas emissions. a bit of a sticky situation. coming up on the show, drama and controversy in the champions league we'll have all the updates on the latest matches after the break, and we will have -- with will all of those easter bunnies rebound in the easter sector we'll talk to the chief executive. that is coming up next ♪ ♪ applebee's bigger, bolder grill combos. now that's eatin good in the neighborhood.

>> they were eliminated by the -- tottenham hot spurs following a dramatic match at citi's stadium spurs lost them and drew 4-4 on aggregate over two games winning on away goals. citi were left devastated after winner and injury time was canceled out after video review. city manager pep guard oela praised the players from both teams. >> it is where it is we have to accept it it was a nice game for

everybody. after 20 minutes, you know, two, three. second half we did everything. we're going to have a great chance we make mistakes in that a lot, and we knew it, and we scored the goals that we needed unfortunately, at the end it was about to end for us. congratulations, cot tottenham on his team, his side, and all the best >> spurs now move on to the champions league semifinal and elsewhere liverpool also advanced after cruising through their second match against porto winning 4-1. now, as we head into the easter bank holiday, figures released by the surs national retail federation show americans celebrating easter are expected to spend $151 each on average. easter events with family and friends and sales promotions will inspire u.s. consumers to spend $18 billion.

wow. that is a big number let's take a look at how some of the retail stocks in europe are performing and the picture isn't that pretty. the stock 600 retail index is down about .4% again, in line with some of the weakness we're seeing panning out across european markets. all morning this morning let's not go in with a grim picture. i want to talk about happy things let's bring in new inventors, the ceo. by the way, i know you have a spurs fan. i'm not going to ask you about the spurs performance. >> great result. >> looking at u.k. retail sales numbers this morning, painting a very strong picture still for the u.k. consumer.

>> do you think there's an element of stockpiling involved here in the runup to the original brexit date, of course, there was a lot of irn flated manufacturing because, well, actual, you know, retailers were stockpiling. come the month of march, and many people are actually rushing to the supermarket to stock up on things in case -- >> i'm sure there's some evidence of that i think it's a pretty small number i think one of the most challenging things for the retail trade is not just what's happening here domestically with u.k.-based consumers, but what's hang from an international visitor perspective.

>> do you get the sense that it's from the international community because it's easier in terms of the compensating for the lack of foot fall. >> to some degree. actually, to the retail stance in march, you know, it bangs back quite significantly foot fall in the west end was up 1.2% in the month of march it was up 4% i always think in terms of nervous behavior, sometimes people do what they mostly are familiar with. that's returning to stores and returning to shopping malls and being more -- consumers are looking for amazing experiences. just can't get on-line being able to come and taste gorgeous chocolate easter eggs, for example, is as much about social occasion as it is about

commerce. >> do you think where this is all headed a company like yours, which has the name and the brand and the recognition could, you know, actually expand horizons and move to new geographic locations to take advantage of that >> fordham as demonstrated to the city of london we've noticed the exchange in the month of december, restaurants, bar, and a store. in the last two weeks we've announced that we're opening our first ever stand-alone store in asia, in hong kong

we are very committed to going out in the world and frankly, great british businesses, that's what we all need to do is whether we've got chaos in the u.k. sort of market scene is get out in the world i'm chairman of the ambassador he's group for the grate campaign for the government-backed campaign we're all about encouraging great british business to look out into the world, to extend our reach and to drive awareness of our products and good commerce on that basis brexit brings tremendous opportunities in the world sno just let it all be over. do you think that because you are part of a luxury segment of the market, you are -- you potentially stand to benefit a little bit more than your standard high street retailer? >> well, perhaps, but i'm a big

believer that you've got an authentic product, good quality product. if you are doing your job well, i think the opportunities exist. the high-low, it you know, model. i think being somewhere in the middle is always a dull place in retail if you are driving value and great prices and great quality at one ent end or at the other end of market you're in a good place. >> i've got it chick out that blondy egg i love white chocolate happy easter >> happy easter. >> thank you for coming on the show that was the skee of fordnam and mason. both republicans and democrats have been readying themselves for the release of special counsel robert mueller's report on russian election interference that is due later today. u.s. attorney general william bar is set to hold a press conference to provide an overview of the report before it is made valuable available to congress and the public. nbc's tracie potts joins us live from washington. tracie, break it down for us please >> well, first of all, democrats

are a little miffed at that news conference they think that the justice department is trying to control the message and their message is they don't want to hear from bar anymore. they just want to see what robert mueller found that report will be delivered to capitol hill and then posted on-line for everyone else to read the belief has been that it will be heavily redacted. there will be large sections taking out for what the attorney general has said are safety reasons, security reasons, by law there are areas that can't be ray veeld however, we have at least one report this morning from the washington post that it may be lightly redacted that a lot of the mueller team's work will be revield in this we won't hear from mueller himself. he will not be at that news conference today, the justice department says. the report will reportly take a look at obstruction of justice by president trump and why they could not come to a conclusion one way or the other on charges for that

on his conduct as well during this last two-year period. specifically tweets, public statements, private statements based on some of what the witnesses have had to say. dozens of witnesses over a nearly two-year period, and now finally, almost a month after the report was done, the public gets a chance to see it. or at least some of it breaking it down for us. it is a crucial day for the u.s. the u.s. -- we are right in the heart of earnings season let's just take a quick recap of some of the price action that we've had over the last 24 hours. all three of them ending up in the red. s&p just still above that 2,the00 level. stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections

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zbleefrmts 5:00 a.m. at cnbc here's your top five at 5:00 the futures right now, they are lowered in the trading week. this even as america and china reportedly inch closer to a trade deal in a few hours attorney general william barr will hold a news conference what it means for you, the investor, coming up. a sea suite shake-up at jp morgan chase two female executives in top spots. which one might replace jiemy dim dimon. the market may be saying so. we'll show you why and it is profits versus