but i like to go fast, you've been holding me up. i'm outta here, man, see ya! (jay) hey, wait! hey! hey, come-- hey! (engine roars) why does this keep happening to me? i gotta get something faster. hey! ♪ i'm julianna tatelbaum and these are your head lines. shares jump in early trade amid reports third point has built a stake in luxury goods group. tesla's frankfurts listed shares fall deep into the red when elon musk asks followers if

she should s-- he should sell an they say yet softbank is in the middle of a blizzard after posting a second quarter loss. wall street hits record highs as october's payroll reports top forecasts. with president biden's infrastructure bill passing the house of representatives after months of political infighting a very good morning, happy monday and welcome to the show let's you kick off taking a look at richmond third stake has bought a staid in it, saying u.s. fund artisan partners which owns 1.2% has

also been pushing for better performance. the chair only owns 1% of the company but controls 50% of the voting rights. they report half year results on friday so shares reacting very well to the story emerging they're up 4%. the activist, thurird point we don't know what they're looking to get out of that you are stake, what their size is, but we know they are going to have to contend with the chair who has 50% of the voting rights now investors have been frustrated with richemont's performance, in particular catching chinese demand, a crucial part of the luxury market it's not clear what the activist wants from the position but third point is known for aggressive tactics so a lot

could be at play here. and artisan has also been influential at driving change. they are holders that we've seen get very vocal in the past so potentially richemont in store for a shakeup once we heard what the activist is looking to get out of the position so it's up about 3.8% this morning. tesla another key corporate story that emerged over the weekend. a twitter pole set up by elon musk has urged him to sell 10% of his holdings in the company he said he would abide by the poll he said he could sell, quote, a huge block of tesla stock in the fourth quarter this is the frankfurt listing of tesla. they're down more than 6% this morning. so obviously investors bracing

for what could come if elon musk does follow suit with what he has promised a lot of questions with what voted elon musk to take to twitter, perhaps trying to front run his decision to sell down his stake and get shareholders on side because obviously selling 10% of a company is going to have a big impact on the share price. interesting tactics for elon musk another reason for musk cashing in on tesla shares my a $15 billion tax bill he's facing in the coming months interesting to think about what is voting elon musk to go to twitter to ask his fellow shareholders what he should do with his stake. china's industry auto has reported a drop in passenger car sales with total sales coming in at 1.7 million vehicles. tesla sold just over 64,000 vehicles in china, while neo

sold just over 1,700 chinese export growth beat expectations as demand heats up for the holiday season the world's second largest economy posting a global trade surplus. sam filed this report. >> reporter: china notched a record trade surplus as goods out of the country stayed strong they beat expectations thanks to a surge in shipments ahead of the holiday season but also as the situation around the energy shortage improved. economists suggest stronger exports should help mitigate elsewhere and the government may be able to hold off until next year to loosen economic

policies crude oil imports fell to their lowest since september soy bean imports the lowest since september of last year the widened trade surplus was $84.5 billion, the highest on record china's trade surplus with the u.s. narrowed to $47.5 billion, this number is closely watched as the trump era tariffs remain in place and china has been lagging under the trade one phase deal purchases. top chinese officials are gathering in beijing this week in a summit expected to lay the ground work to secure xi jingping to secure a third term next year.

it's under the theme of major achievements and historical experience of the party in the past century but comes in the shadows of property jitters, energy shortages and fresh covid outbreaks. back in europe, the equity markets have started the morning on mixed footing, really searching for direction it would seem the stoxx 600 trading about 7 basis points lower, a few positive drivers have influenced the market trade over the last week or so, it's worth highlighting what are, a better than expected earnings season. at the end of last week we got positive news on the medical front with pfizer coming out with results for their antiviral pill, which reduces hospitalization from covid by 90%. so that adding a tool to our tool box when it comes to a fighting covid and the payrolls report coming in surprising to the upside.

so a number of drivers have propelled markets higher equities have gained 1.7 over the week with europe and germany performing well. turning to the board, this is what the regional split looks like this morning. not a huge movement. we're hovering around the flat line for uk, german, french and italian markets. sectors, this is what the picture looks like from a sector perspective. split. at the top of the board, oil and gas up about 1.6%. on the down side we have autos underperforming down .9. and tesla's frankfurt listing down more than 6% this morning after the developments from elon musk over the weekend. retail down about .8%. interestingly travel and leisure underperforming down about 0.7%.

we have big changes coming in the way of transatlantic travel with the u.s. opening to foreign travellers from today. let's bring in our first guess this morning, senior strategist from vander research last week from a central bank perspective it was a big week. we had the federal reserve go ahead and announce the givening of their tapering, as expected the bank of england not expected with the dovish stance in the wake of those decisions have you adjusted your thinking around the market narrative at this stage >> we went into the central bank meetings holding a fairly dovish position across the board. we expected the markets were anticipating too much tightening from central banks and the tightening fears had been allayed last week, especially

the bank of england. so the read is one we want to be across the board we see a number of risks we see a short squeeze in european bonds so bond yields in europe moving lower that creates a picture for risk and high beat assets, including u.s. growth and growth stocks in p europe we expect that to do well in portfolios headed into year end given the tailwind of central bank tightening taken off the table. >> it does stick out from an equity perspective you like relative value trades like long u.s. tech, short european, uk banks. it's interesting to hear you talk about u.s. tech as a relative value play. >> i think it's an environment which is growth, right i think we're going to be in a growth supportive environment.

a lot of pessimism prized in over summer around the u.s. gdp and the delta head wins. what we're looking for is a barbell approach, adding to growth exposure things like tech, but also still keeping some exposure in the u.s. reopening trade, we think pessimism around covid and expected rise in covid cases headed into the winter period a lot of that is in the price from institutional investors so that should do well in the equity space and the key here to avoiding value stocks, things like commodity driven energy or banks which have had the tailwind of higher rates, those two fundamental tailwinds are unlikely to continue heading into year end. so effectively the core value, things typically known as value, are likely to find much of support going into year end.

>> we saw it unwind with the bank of england decisions. we saw the uk banks get trashed on thursday hsbc sold off heavily in the overnight session. how much is there to run in that do you think >> probably a bit more if you plot against 10 year yields they effectively matched one for one over the past couple of months and i think the unwind that we've seen in ten year gilt yields have been dropped and probably still some more short comings there. so probably a bit of pain to go in the next couple of weeks and we want to be underweight exposure to banks, especially uk banks and i think heading into year end it's hard to paint a constructed picture for the short duration in that space. >> you mentioned pfizer's pill, we got the data at the end of last week and it seems positive.

the pill reducing hospitalization by 90%, seems like ran important tool when it comes to what we have to fight the pandemic how much of that is now baked in the price? do you think that investors have recognized the importance of this development >> we had a big rally on reopening, especially u.s. reopening on friday. so that news has been absorbed to some extent but still probably room for an unwind to continue if you look at, for example, short interest in jets, for example, it has been picked up massively over the past couple of months as institutional investors have been hedging to covid risks. so i think the stocks are in for a short squeeze, especially airlines in the next couple of weeks given the slightly more constructive news coming in terms of covid but also worth noting we're not out of the woods. so we're still on a delicate

balancing act i think over the next couple of months that's one of the reasons why we favor u.s. reopening over european reopening just given the cases. >> thank you for joining us giving us your views coming up on the show, teva issues the largest bond. we'll speak to the ceo after the break.

welcome back to the program. let's get into some more corporate stories in in focus this morning, engie has accepted an offer to buy their energy services unit. the construction company beat u.s. private equity services for their energy services division this is part of the move to shift towards renewables they said almost all proceeds will go to covering debt. shares of siemens has skyrocketed to the top after

saying they expect to turn to wind in 2022 the improved performance has also boosted shares. in the chemical sector, covestro has raised outlooks. the german material group said it expects full year ebita to be up a fairly muted reaction so perhaps a lot of that baked into the price. h henkel has cut its outlook they expect organic sales growth of around 6 to 8% for 2021 third quarter sales climbed to 5

billion euros, shares getting hit hard this morning down nearly 5%. >> esg linked investing can be a great way to combat climate change that's according to the founder of asset manage ambienta but says it bears some resemblance to the it bubble of the 1990s. >> are we going to be fast enough in the transition to avoid the disaster and the second is how much of this private capital is employed into green investing and how much in things that are not really environmental i guess it's new, it's starting if you remember the digital boom in the 1990, 2000, 2001, that

didn't mean the digitalization has not changed the economy. i think it's just the result of the big gap you have between supply and demand. >> teva pharmaceuticals has sold the largest sustainability linked bond. the israel based but u.s. listed drug maker said it aimed to increase low and middle income country's access to medicine and cut green house gas emissions. however the bond is not earmarked for specific projects and they'll use the proceeds largely to pay off existing debts. the ceo joining us now thank you for being with us. you're one of the trail blazers when it comes to the sustainability linked bonds so it's great to speak with you directly i want to highlight one of the big defineing features of the bonds is they differ from green

bonds can, a sustainability linked bond is just for general use. talk to us what you're going to use this $5 billion for. >> so the sustainability linked bonds like you just said really link to different targets with an environment or social benefits for society and we're doing these bonds because we're not in a position where we need to do huge infrastructure in business, in green technology but we are in a position whereby being the world's largest manufacturer of high quality, low cost medicines we can do something good for society by helping health care systems around the world to get access to medicines on w.h.o.'s essential medicines list when you talk sustainability linked bonds, each company should find what are the key areas where they can make a difference to society. so if you look at the u.n. development goals, where can you

help the world that's what you should do. they're not specifically targeted as green gas house emissions and reduction of those. we're also doing that, but that's a thing that everybody does but securing access to medicine, that's something that we uniquely can do. that's why we're doing it. >> how does it work in practice with this bond when it comes to investors being able to assess your progress and whether you are, in fact, using the proceeds to fund the initiatives that you just described and what happens if it's deemed you aren't actually using the proceeds for sustainable purposes >> let me start by asking the last piece first so we have three targets, one for reduction of green house gases and two for increasing access to medicine so in all three targets, if we fail to reach any one of these targets then there's a penalty and the penalty -- we have four

bonds, two dollar bonds a five and seven year, and two euro bonds a five and eight year. all have the same you can say principle that we measure after five years and the short bonds that are five years they have a sort of penalty for each goal that's missed we have to pay money to the investors the eight and seven year bonds they have a penalty that you pay each time you pay the interest, you pay extra interest you can say for the last two or three years. so there's a very clear financial penalty if we do not meet the targets so you can say how are we going to make sure we meet the targets? when you set up the targets you have to set them out as financial targets so you have to make sure that they are sort of certified already by independent organizations. so iss esd have certified our targets and we had the access to affordable medicine foundation look at it and certify

so you are sort of doing it the same way as if it was financial accounting it's just that there's no real firm standard yet but you use the best possible survecertific and then, of course, each year you report on it so it's really very much like financial reporting you can say. >> really interesting to hear how the structure works. thank you for the explanation. some investors, i think knowing how the terms look, they're still skeptical without the hard standards that this is actually, you know -- it is going to do what it says on the tin, what would you say to critics who are skeptical to sustainability-linked bonds at this stage >> would it be better if we didn't do it we are doing the best we can and setting out to help access to medicine in low and middle income companies, setting out a target to reduce green house gas emissions. if people don't like it, it's up

to them. but there's no other standard. it's not like there's a standard we're following the w.h.o.'s list of essential medicine we're doing the best we can. i'm not saying it's perfect, there won't be better standards implemented in five, ten years for now this is the best we can do, and we're trying to help the environment and trying to help access to health care in lower and middle income countries. >> can you give us a little bit of color around demand for the bonds? where did it come from and in terms of subscription, how heavily subscribed was the issue? >> so the issue was significantly oversubscribed, which is also why we ended up increasing it to 5 billion so there was very good demand i think it's fair to say that you see a higher level of understanding of the principle and how it all works with sustainability linked bonds in europe than in u.s. but there's

a lot of invester interest also from the u.s so if you think about money under management that's linked to green or sustainability linked investment strategy, it's probably still bigger in europe than u.s. but i think it's growing dramatically in the u.s. as well. >> while i've got you, can i get a line on how you're doing in terms of your supply chain pharmaceuticals rely on spupply chains and there have been squeezes so how are you doing, and have you thought about any structural changes? >> during the pandemic we were basically able to maintain full operational activity in our operating sites and we did not have any significant supply disruptions. when do you pharmaceuticals you probably have a more resilient supply chain you need that

because people depend on your products every day so we were able to supply our customers throughout the pandemic that means today when you hear about transportation issues and raw material issues and so on, they're really not effecting us in any significant way because we are safeguarding our supply chain in order to be able to meet demand because we are supplying essential medicines worldwide. so no big effects there. >> all right we'll leave it there, thanks for the incites today. still ahead on "street signs," u.s. energy secretary jen jennifer graham hails the progress made at the cop26 summit but voices her disappointment with china refusing to sign up with key agreements that's coming up next.

welcome back to "street signs," everybody. i'm julianna tatelbaum and these are your headlines richemont shares jump in trade, as third point has built a luxury stake in the group. tesla's frankfurt shares slip

into the red as elon musk asks his followers whether he should sell 10% of his stock and they say yes. exports surge by more than expected in many china with year-to-date now exceeding those in the whole of last year. the dow is poised to start the week higher after president biden's infrastructure bill finally passes the house of representatives after months of political infighting the start of week two of the cop26 summit will see richer nations aim to strike a deal with developing economies on a climate finance and compensation package for environmental related losses ministers are scrambling to

strike a series of deals this week aiming to capture rises to 1.5 degrees. last week, ministers pledged to end deforestization and methane emissions by 2030 while promising to halt coal use however the u.s., china and india were among notable absentees from the pledge to phase out coal pledges to transitions away from fossil fuels come as several major economies face a squeeze in energy supplies steve sat down with jennifer granholm at the summit and asked her about the state of the u.s. relationship with opec following washington's call for it to increase output and keep a lid on rising prices. >> all of our areas we're disappointed in and areas we're excited about. we're announcing an advance

where saudi arabia will be helping to remove carbon dieoxid from the atmosphere. >> the message is open the taps. >> we need help at the moment so people will not see hurt in the winter months. >> hadley caught up with the secretary under president trump, she asked him whether he sees oil increasing to the 100 mark by the end of the year. >> that's a stretch, that's five weeks, six weeks i would not think that that would be the case but i think $100 oil within the next six months is a -- is possible >> president biden has said that he still thinks there are tools in the arsenal when it comes to oil. is he talking about sprs what's he talking about in your

view what other tools do you have in the arsenal? >> listen, i'm about to believe that president biden and those 45 years he spent in the united states senate, he either wasn't paying attention or, you know, he doesn't have a good grasp on reality. the idea that you're going to use the strategic reserve and -- for any long-term assistance, it's there for a hurricane, some type of national disaster that occurs, you go in, use it, it's a short period of time if that's what he's talking about, i think that's a fool's errand from a long-term impact >> now 95 leading uk businesses have pledged today reverse all negative environmental impacts by the end of the decade it's part of the council for sustainable businesses get

nature positive campaign and includes barclays, usk and unilever the head of the council for sustainable business told cnbc the initiative could see the uk a world leader in green energy technology >> we have this amazing opportunity to be a fantastic economy we're the only sector to have committed the whole sector to go net zero by 2030 and i think equally what you'll see us do is take innovations, process emissions, for example, from gases that you don't see, whether it's the opportunity to take for example toilet paper that's a waste product and creating bricks out of that, i think you'll see so many exciting innovations that we will be a global leader over the next number of years and that will translate to other countries that ask for our advice and support >> marisa buchannan joins us

now. great to see you i just got back from glasgow myself one of the most interesting conversations had there in my view was this one around how best to mobilize private capital to fund the transition and fight climate change how do you think about the role of the banking sector in unlocking the private capital that's necessary to fight climate change >> thanks so much for having me here it's great to be here in glasgow. and really great to represent j.p. morgan in the banking sector we're committed to doing our part in climate change the banking sector is going to play a huge role, this is around the need for capital in investments and playing a key role in addressing growing

energy demand while meeting the energy demand with a lower carbon footprint we've been doing a ton of work here at j.p. morgan to move our bank and support our clients to help them raise capital it's great to be here to support that effort and support the need for greater government policy action that's going to play a critical role and sending the signals that the banking and finance sectors need to mobilize that capital. >> when it comes to what's needed there's obviously the financing needed to fund new technologies that will hopefully be the new technologies in the future and there's also managing the transition this is the more controversial piece of the puzzle perhaps. how does j.p. morgan think about supporting those companies that are in hard to abate sectors, in the oil and gas sector that are contributing to emissions at this point but also are necessary parts of our current

reality? >> that's exactly right. so the reality is today, fossil fuels provide about 80% of the world's primary energy supply. so even though we've seen tremendous growth in technologies like wind and solar, they have been used in had the electric power sector and the challenge in addressing climate change is going to be figuring out how we develop a range of technologies that are going to meet energy demand in sectors like transportation, manufacturing, things like producing energy, steel, cement, these are things that are critical to our global energy economy and yet today we don't have the technologies available to really supply the energy needs of those technologies have with a much lower carbon footprint. so the challenge is going to be continuing to mobilize capital to mobilize continued investments in technologies today but support the technologies that don't exist yet.

and, of course, the key is as the technologies become feasible to really reduce the cost because that is when you can really start to mitigate a lot of risk that investors face that contribute to the higher cost of the technologies that will ultimately help to expand and broader and scale deployment and that's essential so i think the key to the transition is making sure that we can continue to provide, you know, affordable, reliable energy supplies for people around the world while helping to reduce carbon emissions and ultimately i think about it in terms of ultimately our climate solutions have to work for people in communities, and if they don't we're going to run into real challenges and this is one of the things we've seen happen in europe right now with the increase in certain energy commodity prices this is where the transition can get bumpy and ultimately it's going to have to be a partnership between the public and private sectors to make sure that transition is just, works for people, is inclusive and

again, continues to promote energy access and reliable and affordable supply while reducing carbon emissions >> that word "just" keeps coming up in all of these discussions in glasgow, ensuring a just transition from your point of view what does that mean and what are the key barriers to achieving a just transition >> yeah, so, i really think about it in terms of when we think about our energy transition, we have to optimize for a whole set of factors that are critically important again, to both the environment but also to people and communities. so that for me really comes back to making sure that globally we can continue to, you know, make sure that people in communities around the world, especially those that don't have access to reliable energy supplies today, that they can get access to energy, that they can get access to much cleaner energy sources that reduce air pollutants and

green house gas emissions and ultimately provide for reliable, affordable access. we've been so fortunate, you know, in the u.s. and so many other parts around the world to benefit from stable and reliable access to energy it's been the engine of our modern economy and we have to make sure that stays a critical part of what we're trying to achieve. but again we have to do more to address climate change and figuring out how we can balance all of these things that we're trying to solve for, i think ultimately is going to be the key in figuring out how we do it in a smart, thoughtful way. >> the problem for me seems to be when we talk about western companies they're operating still in a capitalist society and it's good to talk about a multi-stake holder approach but when the standards are the way investors value companies they do put profitability first and i'm wondering how much change can really be achieved before

there is something like carbon pricing, international standards that feed through to the bottom line for companies and work their way into the discussions between investors and company boards >> there's been a lot of change under way in the business sector over the past many years and especially over the past few as i think issues like esg have become increasingly important to investors around the world so i think ultimately the key is going to be, you know, continuing to have these considerations in the way that companies do business and companies increaseingly see the long-term interest that we have in, you know, a safe, protected environment, thriving communities around the world align with the long term strategies and interest in business i think there is an opportunity and need for government and policy to play a greater role in sending clear, long-term signals to business.

i think this is especially important around the need to mobilize capital for research and development and investment in new technologies. so this is one of the reasons why we're here and we as a firm have been very vocal in calling for greater government policy action, things like a price on carbon but there are a host of other policy and regulatory measures that can be critical in helping to drive and mobilize that capital and ultimately again come back to how do we create a stable, secure energy economy that provides reliable secure access for all but with a lower green house gas footprint. it's the reason why you see so many businesses here calling for greater government cooperation around climate change. >> i suppose investors want clarity, they want to know how their investments are going to be treated marissa, thank you for joining us coming up on the show, u.s. president joe biden hails the

$1.2 trillion infrastructure bill as a, quote, momentous step forward. we'll discuss next

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welcome back to the program. softbank has posted a net loss for the second quarter and an 80% drop in net profits for the first half of the year its flagship vision fund suffered a $10 billion investment loss amid a sharp devaluation in its china portfolio following a crack down by beijing in the tech sector. berkshire hathaway has posted an 18% jump in operating profit on the year to $6.6 billion, but they missed estimates as hurricane ida hit its insurance operations despite setbacks they said many of the businesses, including energy and railroads benefitted from the economic reopening. the continued rally in

equity caused testhem to sell se of their stocks. on the macro front, job growth in the u.s. topped expectations rising by 431,000 for the money. the leisure and hospitality sector led the way, supported by gains in professional and business services. wage growth grew by .4% on the month but jumped almost 5% on an annual basis amid inflationary pressures. the house of representatives has passed a bipartisan infrastructure bill in a major boost to president biden's economic agenda. it now goes to biden's desk for his signature. it includes funds for improving the broadband networks and utilities. it boosted the u.s. in the face of chinese competition. >> the house of representatives passed the infrastructure and investment in jobs act that's a fancy way of saying a

bipartisan infrastructure bill a once in a generation investment that's going to create millions of jobs to modernize our infrastructure, roads and bridges and broadband to turn the climate crisis into an opportunity and it puts us on the path to win the competition that we face with china and other large companies and the rest of the world. >> democrats were able to pass the bill after progressives agreed to support it, in return for backing from sen tiss for a larger $1.75 trillion package that proposal covers climate change as well as the social safety net representatives passed a procedural vote saturday morning ahead of a vote on the fuel bill former consultant department of homeland security joins us now thank you for being with us in a big week for washington. starting with the infrastructure bill, which gained support at the end of last week, what did the progressives within the

democratic party have to give up in order to get this across the line >> well, they just had to have some trust and access the moderate wing of the democratic party made assurances they're going to hear the next bill to build the social network you were talking about. in essence the domestic agenda of president biden is twofold, one pass the infrastructure bill and then second, child income tax credits, universal pre-can, things that are popular to pass them without a tax increase. >> when president biden took the white house and the democrats took control of congress, one of the big questions was going to be around unity of the democratic party itself and to what extent there would be division between the progressives and the more centrists. do you think this episode marks a meaningful change in stance

from the progressives or is this likely to be a one-off >> well, people talk about division in the democratic party. it's really joe manchin and kyrsten sinema it's two senators that generally hold up progress on the democratic side in passing these very popular legislation so what we're likely to see, they're not going to change very much, you're going to see incremental things that pass, the infrastructure bill was extremely popular it got a number of republicans to vote for them as well and then the next part is going to continue to be contentious but some of it will pass. >> let's talk about the next part of this, the second part of biden's spending program, the one more focused on the social safety net where does that part of his agenda stand and what is the likelihood that that passes? >> i think it will pass. it's just a question of how much of it will pass, and what's the cost going to be, is there going to be a tax increase or not?

more than likely you'll see some of the most popular features like universal child care that pre-k is going to pass, income tax credits that will pass things that might not make it are going to be around climate change joe manchin is from west virginia, considered the coal country so you're likely not going to see that stuff pass so some of it will pass and progress will be made before the end of the year. >> you mentioned the climate change piece i just returned from glasgow and you had president biden and john kerry talking about the u.s. commitment to climate change but yet sort of hanging this debate in glasgow was the fact that biden is struggling to gain support domestically for his climate change agenda. to what extent do you think that could hurt his credibility especially as we head towards

the important midterm elections and we've seen losses for the democrats in the state elections that took place last week? >> i think there's a couple of -- three factors that are likely to create a democratic surge in the midterm elections one, we just talked about a little bit ago, the infrastructure bill has passed that's going to have a huge impact to the united states economy and also the global economy. two, with pandemic, we've -- we keep on talking about when's the end of this? we're likely to see past the summer of next year where most people have their third shot it's going to have a significant impact, especially young people now getting their second shots and then lastly one thing that's going to happen in the united states is the supreme court is going to hear, in december, the mississippi abortion bill. and the supreme court of the united states gives this verdict the following year, the following summer so if they overturn, which is what they're likely to do, the

roe versus wade, that is going to create a movement amongst women since the suffrage movement and that wave is likely to create a democratic win across the board. >> i certainly take your point there are some tailwinds, some supportive factors for the democrats but i just want to come back to these closely watched state elections especially with what we saw in virginia with the unexpected losses there, yes, there are people that would get on board with the three factors that you highlighted but right now it looks like support is waning for biden and the democrats. >> i think there is a cycle to u.s. politics. we have seen every single virginia race, which is immediately following the presidential races go for the opposite party that's happened since ronald reg re-r re reagan it will continue to happen

the bigger impact is a historic verdict by the u.s. supreme court overturning the abortion issue in the united states, when that happens that's going to swing the pendulum again to democrats in the coming year. >> we'll see about that. thank you for joining us, democratic strategist, former consultant, department of homeland security. a big day for foreigners looking to go to the united states, potentially reunite with family or go for travel. the u.s. will today lift a nearly 20 month travel ban on visitors from 30 countries, including the uk, eu and chooirn. air carriers have reported a surge in bookings with united looking at a 50% jump in international travelers inbound today. foreign travelers will have to present proof of vaccination and a negative covid test to enter the country. >> let's look at u.s. futures and how wall street is poised to

open we can give you a check hopefully on how those futures are looking. a little bit of a soggy start here in europe the u.s. similar, the dj ow jons looking to open 75 points higher s&p, flat this stage the nasdaq looking at a marginal pull back after decent gains for u.s. markets last week the s&p 500 gained about 2% led by discretionary and tech sectors. the nasdaq rose about 3% on the week, the dow jones about 1.4% so coming off a strong run for u.s. equities. i'm julianna tatelbaum, "worldwide exchange" is coming up next. i can see brian sullivan in my eye line

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it is 5:00 a.m. in new york, 10:00 a.m. here in london and here's your top five at 5:00 stocks searching for direction to kick off the week as wall street kicks it off in record territory. elon musk taking to twitter asking his followers if he should unload 10% of tesla and foot the nearly $15 billion tax bill that would go with it president biden set to sign the first half of his signature infrastructure bill into law, democrats finally come together, still in limbo the nearly $2 trillion social spending plan call it the winter