very warm welcome to "street signs. these are your headlines european stock markets sink with trade sensitive sectors the worst performance as u.s.-china tensions escalate, and china's customers ministry reiterates they are prepared to retaliate dialogue drops after its outlook for a landmark chip settlement as the apple supplier posts a 23% fall >> the market for mobile phone was pretty soft.

particularly in china in q1, but i think from late q1 and going forward it's -- it has started to pick up rev news are seen to fall in the first quarter despite a smaller loan burden. shares in dutch football club ajax slump afterlosing the champions league to last minute winner tottenham hot spur. we have a very busy day in earnings of earnings, but, first, i want to get to central bank decision. this is the last standing hawkish central bank in the world, norges bank today they have announced that they are keeping rates on hold the outlook and risk continues to imply a gradual increase in the policy rate. they are keeping with the

hawkish bias here, and it's interesting. let's recap a little bit remember, back in march norges bank did hike rates and signalled that there were further to come. they had signalled for a june hike and are sticking with that guidance from here onwards the outlook and advance -- the currency has deappreciated as well both would be catalysts and reasons for them to keep this hawkish cycle going despite some of the global head winds nor dw es bank, they are standing out in the world as the only central bank that are intent on keeping this heightening cycle going. what do you think is the catalyst for them to keep

accepteding that out to the market >> i think it's domestic conditions gdp growth was good in the fourth quarter, and it's expected to hold up again in q1. probably crucially from a central bank perspective is core inflation, which is running well above 2% domestic factors although wages aren't compellingly showing the risks of further upward pressure on domestic prices. the labor market, the up employment rate is extraordinarily low. everything domestically would suggest that they're on the right track in terms of the guidance they're giving. i think importantly as well the traction in fx hasn't been significant, which perhaps is a bit of a surprise given, as you said, they are a stand-out central bank there are certainly not many in the same position. now, if the corona had, say, appreciated by a substantial amount today relative to the last meeting that might have swayed them to alter things a little bit, but because that hasn't happened i think they're

quite comfortable. >> actually, the reaction to this, we are seeing a rally in the crown. it's up. this is after sbir intent on hiking in june we are seeing positive reaction there. moving on to another story that we've been following overnight chinese producer price inflation has hit a four-month high on the back of commodity prices inflation hit a six-month high as african led to higher pork prices now, banaling has presentlied to retaliate if president trump follows through to hike tariffs on $200 billion worth of chinese goods. that's after the u.s. leaders struck a defiant tone on trade at a florida rally eunice filed this report from banaling >> president trump is dubbing down on his terror threat against china at a rally in florida the president blamed china for his decision to revive a long delayed plan to raise

tariffs from 10% to that%. those tariffs begin on friday. this is what he said >> their flag is -- but they broke the deal they can't do that they'll be paying. we don't make the deal, nothing wrong with taking in over $100 billion a year $100 billion we never did that before the chinese delegation has arrived in washington, and i spoke with a source familiar with the chinese thinking who said that the vice premier would try to clear misunderstanding, seek relief from the tariffs, but that changing china's political or economic systems is seen as an infringement of chinese sovereignty. lu has lost his title as president xi's special envoy for this we suggest that his scope to

make compromises is limit. further indicating the hard line stance in a statement, customers ministry said the chinese side deeply regrets that if the u.s. tariff measures are implemented, china will have to take necessary counter measures u.s. companies are already bracing for the fall-out some say that procurement firms. they're also preparing for the working environment is getting tougher for american businesses. they describe as kwaul takive measures eunice yoon, cnbc bess news. the european head of global markets is still with me, and, derek, you know, the deterioration in red rhett rick over the last 24 hours, very strong words out of the president's rally, the florida rally, and china satisfying they're willing to retaliate it's a breakdown in terms of the good will between the two sides

this week. we're clearly seeing most breerks there. dollar asia is generally higher today, so asian currencies are underperforming. i guess if we did then move to an actual increase in tariffs, i think there would be a wider bid for the dollar the macroglobal back drop is perhaps a little bit different now than previously when we had previous escalations in terms of trade conflict we're beginning to see chinese growth stabilize because of stimulus that's coming through europe in particular, it's looking more and more likely

that the weakness last year was about temporary fact norz germany it a larnler degree that the market has not expected. >> we'll talk about europe soon. let's stick to asia for the time being. what you are saying was echoed by former australian prime minist minister he was saying that -- they have started to find fiscal still lurks and the economy is showing some green chutes. let's talk about the move and the last couple of sixes do you think that was intentional? >> of course, they implemented increased liquidity measures so that's obviously a softening of policy and there's expectations that the pboc could cut rates going forward, and that's our view i think from a fundamental back drop, it makes sense for sure. is it intentional? well, it looks real from where we're sitting. there was initially on tuesday

that cap 6080, and i guess from a fundamental back drop, it makes perfect sense to see depreciation over the short-term >> another krn si that's performing quite well, again in line with the risk-off move is dollar yen we're half a percentage point firmer through 110, 109.60 do you think that's the right trade to own if you want to hedge a risk on position so by the safe haven currencies in this case. >> i think on a pure risk-off if things really escalate in terms of the hit to global equity markets, i think your safist play is to be long japanese yen. there has been this expectation that there was going to be this kind of wave of fresh capital going into foreign markets at the beginning of the new fiscal year or perhaps afterthe long build in holiday i'm dubious of that view i would ask the simple question in response, well, what has

changed. we've been in this very tight 110, 112 range weave broken through that this morning. do you think this could be the catalyst for a further move to the down side? >> yes, but, of course, if the dollar gets a bid in this event risk on china, you could get better play in cross currencies. aussie yen would be an obvious one. we're very dubious about the cross-party talks in the u.k if brexit risks escalate, sterling yen could be the big one. that's the one we're highlighting at the moment >> we'll get to that soon. let's focus our attention back

on europe, though. it is a deep down day across many of these european forces. one sector in particular we're looking at today is the chip maker seccor we've had some earnings results out of ams generally speaking, this is a seconder that is very much caught in the crosswinds of the trade discussions between the u.s. and china as the discussions deteriorate and obviously the knock-on effects are quite pronounced when it comes to some of these chip makers in europe. that is the picture across the board there. we are seeing declines of anything from one and a half and a half percentage point to two and a half percentage points that is chip makers. also, one name in particular, dialogue semiconductsor, has posted a 23% fall in first quarter operating profit the chip maker expects 2019 underlying revenue to decline from its 2018 figure speaking to cnbc in an exclusive interview ceo gurley described the smart for the reason market as soft. >> the markets for mobile phone

was pretty soft. particularly in china in q1. i think from late q1 and going forward, it's -- it has started to pick up we believe as we have guided q2, we will see a sequential increase, and going forward our businesses typically second have rated because of the consumer element, the phone element, so we expect against stronger second halfeer first half. >> i want to take you to some action in the italian banking sector as well shares in baurngo ppm were briefly halted after falling more than 5% ilgs's third biggest bank saw net profit sink 32% in the first quarter, while revenue dropped nearly 9%. this despite an easing of its debt burden with loan loss provisions being reduced by more than 50% analysts have been quick to react to the numbers deutsche bank has cut its price target while kep ler has downgraded the stock from a hold to a reduced rating.

another bank we're looking at today is uni-credit they have cut their exposure to italy, but the baurng has said that it is committed to the euro zone's third largest economy italy's largest lender by asset has announced a series of measures to reduce its holdings of italian bonds the decision follows a spike in italian bond yields over the last 12 months, which has weighed on the capital base of several banks. you can see uni-credit down 1.3% the big mover was banco ppm down more than 5% switching to minors, though. arsenal has cut its demand forecast for europe blaming lower steel prices and reduced consumption in the region. the world's largest steel maker announced it is temporarily reducing its output in europe by three million tons on an annualized basis this is a company reported a 34% drop in first quarter core profits missing expectations that stock is down 4.5% and it's dragging down the sbeer sector of basic resources

speaking of which let's take a look at the entire complex of basic resources. there you have it. obviously, the big underperforming name is arcelormittal. basic resources names are down quite a bit as well. anything between 1% and 1.5% it's not that pretty, but plenty of other sectors to talk about as well. let me take you to how the relative performance is. you can see it is a sea of green -- red, rather every single one of these sectors is trading in the red inverse to yesterday, which was quite a positive day for european markets not so much today. right at the bottom we've got financial services down 1.9% insurance also struggling. autos yet again in the line of fire down 1.7%. weak earnings this morning out of german auto supplier continental dragging down this basket this after a slew of very weak earnings out of bmw, volkswagen, and daimler. the list continues

of course, the threat of tariffs is one that's hanging over it. banks also down 1.75% as well. we said worry focused on the italian banks there, and then the relative outperformance is still negative the defensive sectors and real estate and utilities both respectfully down about a quarter of a percentage point and one-third of a percentage point. let's go back and broaden it out and talk a little bit about the respective it reactions. today we've got the ftse 100 down .7% these brexit discussions are still continuing cross-party talks even though it looks as though the likelihood of something being agreed is getting lower. the prime minister has promised yet another vote on the withdrawal deal before the european election, and so we'll have to see how that pans out. autos dragging down. also cac down 5% this is the second day in a row it underprfs then the italian index we've been talking about the banks there also down 1.2%

a lot of red in europe today coming up on our show as well, european leaders prepare to meet in romania later today with populism trade concerns, and talks. stay tuned for more.

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welcome back to street signs. well, i want topt bring you breaking news that has just happened in the last 10, 15 minutes or so. north korea has fired an unidentified projectile at south korea's joint chiefs of staff. we are reporting this on our website. this is less than a week after kim jong un oversaw the test firing of multiple rockets and missiles they can confirm that north korea has fired an unidentified projectile off towards the direction from an area located in the northern poing yang province at around 3:30 a.m. eastern time to around 8:30 a.m.

at london time that would have been roughly about 45 minutes ago and could explain some of the reaction that we've seen in dollar-yen. speaking about safe haven currencies, we're trading at 1965 geopolitical development to keep an eye on. e.u. 27 leaders will discuss the block strategic agenda for the next five years at an informal meeting in the romainian town today trade will be one of the key points for discussion with the e.u. set to review robust, ambitious, and balanced trade policy speebing to wilmem marks it's important that there's a conservative trade posture >> we should certainly find unity in clarifying the negotiating end dates for any commercial negotiations, but i think it's important that the e.u. at international level in its full posture that we fully internalize the revenue that we

have, and that's a half a bowel people and a second world's strongest economy. having a rules-based international order especially in the multilateral trade is a principle that we will not move away from. >> do you mean an aggressive posture, essentially >> assertive assertive. >> assertive is the word i would use. >> assertive posture out of the e.u. willem also spoke to -- and labor mobility, and asked her how important a future trade deal with the u.s.will be. let's take a listen. >> all the trade deals we made so far and we made a couple during the last mandate during the mandate of this commission, they are important because we live in a globalized world we don't -- we cannot act as if we live just on the couldn't meant of europe and obviously on another part of the world we have to work together. we are all human beings, and we have a kmn interest?

working together yes, the deal with the united states is an important one >> it's not just about trade the u.k.'s economy will be around 3% poorer over the long-term if it remains in a customs union with the e.u. post-brexit. that is according to new research british people will be around 800 pounds a year worse off over the long-term under such a deal compared to staying in the block. european head of global markets research is still with me. interesting findings there out of neither obviously, we have the cross-party talks that are contingent on getting to some form of an agreement on a customs union, but then, of course, you have the think tank saying that even the customs union the people will be worse off. you are not in you are not out. the net result is that people are worse off. currency, how are you thinking about sterling here? we have broken into another key level.

sterling trading at 129.80 beginning of a down move how much of that do you think is just the function of the goldman environment verz people getting concerned about these brexit developments and the lack of positive signs on the cross-party talks? >> it's clearly both one way you can understand in terms of the extension article 50 deadline that's been pushed back significantly that has taken the near term risks away, and that was being priced into fx i can understand that perspective. i think what lies ahead here is not particularly favorable in terms of a potential breakdown in cross-party talks prime minister may, i think her days are numbered.

ty think downward pressure mixed with the global risk-off type of environment that the back drop to me is -- >> i'm a big fan of following positioning, and i thought what was really telling is when the october extension was announced, the october 31 brexit extension date well, saw barely any reaction whatsoever in sterling pound, which probably indicates that people were quite long on expectation that a hard brexit would be avoided and some form of an extension will eventually read on. today things really seem to be turning the last couple of sessions. certainly again the important factor has been the pushback of

the deadline risk to the 31st of october. more risks are going to emerge in the meantime. then i think from a risk-on, risk-off type play the pound looks increasingly vulnerable to us, and as i mentioned, sterling-yen broke some very important technical support levels yesterday, and then momentum is there. >> so if you want to get long yen in this environment given everything that's going on joo politically, safe haven, et cetera, you would rather be long yen versus pound than versus the u.s. dollar. >> yeah, u.s. dollar wouldn't be my top pick. it would be the pound or aussie dollar as well, which is obviously more vulnerable to the china story. all the yen crosses are lower today. the yen is benefitting from what's taking place. >> now, just in the previous segment you were saying we talked a little bit about europe, and you said that there are strong signs that would suggest that the slowdown in some of the european data that

we had towards the end of last year was transitory, and there are green chutes do you think going long the euro would be a good idea here? >> well, i'm still not convinced -- like i'm bullish longer term, but i think short-term, given the event risk in relation to china now is perhaps not the time for that trade. i would expect it to remain flat, which is where it's been for quite a long time. with slight risks to the down side if you want to really extract a potential good news story from the escalation of china u.s. risks, perhaps that diminishes the risk of the auto tariff becoming a risk factor.

going to leave it there. thank you for joining us on street signs that was derek, head of -- also coming up on "street signs" strong performance at disney's theme parks boost first quarter earnings more after the break

well, it is not a pretty day for a european market. looking at the pigment, it is a sea of red out there all of the majors are trading in heavy losses territory well, for the most part heavy losses territory ftse mib is down more than 1%. 200 points weaker on the session. cac also down 1.3% as well focus of ours has been the banking sector particularly

within italy bank of ppm being halled for trading. now down 5%. dac down there we're looking at chipmakers, autos, also having a steep day of declines today. down half a percentage point a lot of weakness in the mining names today, and that is on back of ars la mittel posts a 33% decline in the first quarter profits. that's weighing on the whole sector we are just talking about it earlier on in the show, but dollar yen has been in tight range of 110, 112.

there's a lot going on from a risk-off percent peck as well as geopolitical concerns with confirmation that north korea have fired another unidentified object just in the last hour or so u.s. markets as well called in the red yet again. u.s., dow, nasdaq all seen opening up quite weaker when things open up in a few hours time if nothing happens the tariffs on chinese goods will go up at 12:01 on friday. friday even eastern time

e.u. leaders are arriving for an informal summit. we'll bring you the latest as it happens. willem marks is there and has been following -- this is a summit where the leaders will be spelling out their plans for a greater vision for e.u the timing is interesting for just a couple of weeks away from the european elections switching back to company earnings, continental has posted a 22% drop in first quarter net profit weighed down by weaker global car demands the german auto supplier is still back if its full year guidance seeing it sees an upturn in the second half of the year.

you saw it last quarter. it's in line more or less when it comes to the overall business, but u.s. business, u.s. mobile again has beaten expectations, and that is for the 13 months in a row no, not months, but quarter in a row, i should say. that actually is stellar performance compared to the other competitors in the united states clearly we are all waiting for the regulator to say yes to that planned merger with sprint, but the odds that this is going to happen and have been declining according to analysts, so the good numbers for t mobile u.s. today is giving deutsche telecom also reason to say, listen, if the regulator is not saying yes, we can also do it on a stand-alone basis quite successfully because we are gaining customers and we are

making money with those customers, even though our prices are lower than those of the competition. that's a very good sign here for the u.s. also, the german market is not doing too badly. also here they could increase operating profit slightly, and also customers, they could add new customers also in germany. the only problem for germany is that most likely capital expenses will be a lot higher in the next years even than previously because we currently in the situation that we have a four-way bidding consideration for the new five specter networ here in germany, so that will cost them a lot of money going forward, but still, as i said, the numbers look good, and the outlook is also confirmed -- we had another report today bp has announced plans to ramp

up its fiber roll-out plan to is a million prem sits by the end of next year while keeping its dif depd unchanged this after posting a drop in the adjusted profit and revenue for the full year in its first set of results under the new ceo that is phillip jensen the british teleco is expected a decline in core earnings and cash flow this year. loitss had questioned bt's ability to bolster investments and maintain its shareholder pay-outs they have kept the dividend pay-outs as unchanged. fox shares have surged in ext d extended trade after beating first quarter expectations in its first report since spinning off from twenty first century fox. revenue rose to 2.75 billion dollars. the television segment alone is up 20% the company also announced a partnership with sports betting company the stars group. fox will pay $236 million for a 5% stake in the group and plans to roll out gambling products later in the year. disney shares rose in after

hours trading after the company delivered better than expected first quarter earnings boosted by a strong performance at its theme parks. income from the u.s. and asian parks hit 1.5 billion dollars over the quarter all setting big investments in streaming and content. the company also nonsed the hit. avengers end game will be str m streaming exclusively on its new disney plus platform from december julia has more. bob iger on how they will leverage box office success to drive adoption of its streaming subscription services announcing that end game will stroem

exclusively on disney plus just a month after its launch >> while the initial response has been gratifying, we're not taking anything for granted, and we continue it leverage our creative engines across our company to insure we deliver a strong value proposition to consumers. iger stressing the importance of their unusual strategy of putting marvel's movie stars in. they're pulling back licensed content from the likes of netflix. as for the parks division, which drove the up side surprise, iger saying they're looking forward to the opening of star wars galaxy edge and that this quarter's numbers reflect successful price increases >> we have been very strategic in our approach to pricing over the last number of years, and it's really paying off the result this quarter certainly are evidence of that what we're trying to do

basically is two things is to price according to demand and in managing demand try to basically spread out attendance so that we can preserve or improve the guest experience >> asked whether disney is expanding hulu internationally, iger is saying with disney onowning two-thirds of hulu any move overseas will have to to be done with universal couldn't mekts. julia borestein, cnbc business news, los angeles. i want to bring in alester taylor it's great to have you with us let's talk about disney's challenge. just reading some notes here about 40% much the revenues as of today comes from traditional pay tv and broadcast tv. they're clearly making a big move into the streaming world by launching disney plus. they've got exposure for hulu, espn plus as well. how much of a cash cow do you think the streaming business is going to be for disney in coming years? >> i think we've seen via the

earnings call last night that the 15% increase year-on-year for the direct to consumer and international segment along side a flat line for their media networks revenue in q1 last year streaming video subscriptions surpassed that of pay tv subscriptions, and i think that's why the hedge on disney plus is so important. i mean, there are several reasons why disney is getting into the market streaming now. you looked at the majority share in hulu, and they've seen a third major streaming service compete domestically, and if they can forge out a hulu sized share of international markets, then that will definitely be a success. >> there were talks that our parent company comcast were -- well, there were reports that they were in contact with disney to sell the remaining hulu stake to them. why would that be in comcast's

interest then ultimately, disney will have the majority ownership of hulu, which is another streaming service. surely for all of these operators, it's imperative for them to be ahead of the pack when it comes to streaming, not selling off streaming businesses >> exactly comcast is nbc u universal are planning to launch their own streaming service in the next 12 months another reason why disney is launching disney plus so soon in november this year another reason disney plus needs to launch soon is they need to announce their family oriented service and that's key because disney has won the hearts and minds of families across the wor world. they need to launch around the same time as apple plus to secure that their core audience

doesn't -- >> and while you talk about apple, but what about netflix? which is the system that it already has the bulk share, the lion's share of people who watch streaming services how much of a threat to netflix does disney plus pose gin, as you say, that it's perhaps angling towards a more family oriented type of viewer? >> precisely bob iger on the call mentioned how bullish they were on hulu because they're the only true proposition of live sports, n s news, and film currently we see and they also mentioned on the investor presentation when they announced disney plus that the opportunity to bundle hulu, espn plus, and disney plus in the future, and that's when we see a true viable proposition that could compete directly and beat netflix domestically, internationally, and choir the very valuable age demographic that haven't cut the cord and still sit on pay tv >> i want to switch over and talk about bt, another telecom

that reported today. they've shown a 2% drop in revenue. there's a new ceo. he said there are many challenges ahead, and they have to continue investing to kbrouf competitiveness, particularly when it comes to fiber broadband. how much of a challenge remains competitive in the environment given all the issues we've discussed. >> there's a lot of competition out there. that's down to why the customer went down 0.3% the challenge for telecos and bp alike is becoming -- what i mean by that is they've pivoted into other areas such as live sports acquisitions with bt, and the problem there is that we call it the d-day for sporting rights come 2021, 222 when the next round of these rights become up for renewal. if bt can't retain or acquire premium rights such as the champions league which is why consumers retain their subscription, then they'll see another fall-off in terms of

subscribers. >> that could be one major milestone to watch out for for bp then. it was very expensive. they paid, what, north of 1 billion pounds for the last rights thank you very much for joining me on the show that was alester taylor.

used for an informal summit. willem is there in romania and has been monitoring the developments willem, my understanding is they'll be spelling out an agenda for the next five years, but, of course, with only a couple of weeks away from the european election, so how does that square off? >> it's an important issue that they will be discussing facing the entire european union is what happens in these elections and whether the dwo parties that have long been dominant inside the european parliament, including the european people party, whether they can maintain

their dominance in face-off what has been a clear move amongst some countries towards pop lichl in terms of the electorate we're going to see over the course of today, i expect, conversations around what they hope to do over the next five years with the new commission as well as what they might try and do in the more near-term before the current commission under jean claude juncker one will be trying to strike a trade deal with the united states or at least reach some kind of skeletal agreement with the united states before the end of october when this current commission term ends, and in terms of the leaders, what they themselves individually face back in their home countries, one of the people to watch closely during the elections is going to be veictor, the head of the hungarian government he has been a divisive figure among yourp even leaders, especially when it comes to migration dating back to 2015, and the crisis there

steshlgly refused to play -- he has been suspended from one of the main parties here the epp. he will be here in attendance. we've actually just been at the epp meeting ahead of this informal summit, and there were a whole number of heads of state there, including angela merkel she'll be coming here perhaps one of the last summits where she is able to make they are views clear. it will be interesting to see at the end of the statement later on tonight whether thief been able to agree on the ten points that have been laid before them in terms of the future agenda. how does this play into the populists going into these important elections in the next couple of weeks, and, of course, there have been reports that there were talks going on between mr. orban and mr. -- it

could happen, and the man that presides over the epp, the frerchlman, he has been talking about the rhetoric for mr. orban will be unhelpful. there will be a three-panel review. whether that will be powerful enough, it will be a very, very central focus in the next parliamentary term >> absolutely. all right. willem, thank you for breaking it down for us, and we'll keep an eye on developments as the next couple of days progress at cbu in romania switching to top news in the u.s. a democrat-led house panel has voted to hold attorney general william barr in

contempt this after president trump invoked executive privilege in a bid to prevent democrats accessing robert mueller's full report its alleged election interference peter alexander has more >> reporter: tonight the battle is escalating. president trump asserting executive privilege to prevent the blacked out portions of the mueller report and the underlying evidence from being handed over to congress. executive privilege generally allows a president to shield information usually his private deliberations. >> we've talked for a long time about approaching a constitutional crisis. we are now in it republicans are accusing democrats of political grandstanding. >> i think it's about trying to destroy bill barr because democrats are nervous he will

get to the bottom of everything. he is going to find out how and why this investigation started in the fist place. this is all about impeaching the president. >> reporter: the white house is arguing barr has been transparent. >> if the mueller report fully kpon rates the president, why doesn't he want congress to see the entire thing >> chairman in additionaler is asking the attorney general of the united states to break the law and commit a crime. >> every single day the president is making a case he is becoming self-impeachable in terms of some of the things that he is doing >> let's pause >>. >> well, that was peter alexander reporting there. >> our sports segment tottenham hot spur followed in liverpool's

foot steps by producing a semifinal comeback of their own. it's costly, this champions league business. i was tweeting earlier adam, what an emotional couple of days for anyone that follows the champions league yesterday we had a hat track we had the argentine coach crying >> i think everyone is questioning everything they know about football after the past couple of days of the champions league it's all well and good to get a remarkable come back.

they need three goals now. they're into the second half there's not much hope to being had because ajax are this brilliant young team, and maybe their nigh he havety came back to haunt them. lucas mora, who was the hero, gets one back. then suddenly spurs get interested again in the space of 35 minutes in the second half ajax cap it late at home, and it's tottenham going to the first champions league final not since the early 1980s if they had european success on this scale, and the manager, as you said, was in tears after he composed himself just after the game, well, he did reflect on what his team has achieved >> i learned here that there's no pain, no gain, and i think it's an amazing thing because all that we've made in the last

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it is 5:00 a.m. here at cnbc here's your top five at 5:00 they broke the deal. the whole deal global markets reacting, and futures falling as president trump blasting china in a fired up speech overnight. the president's comments come as high level trade talks kick off today in d.c. we will take you there live. disney, they delivered, but it's not just movies that are superheroes for the company. why your kid is also powering earnings the countdown is on. uber expected to price its ipo tonight. magic number you need to watch and bitcoin just did something it has not done since before thanksgiving what that is on this t