that smile could light up a room. [music playing] that's all for this edition of "dateline." i'm natalie morales. thanks for watching. [theme music] good morning, everybody, and welcome to "street signs." >> these are your headlines. world leaders convene an emergency meeting after what appears to be a russian-made missile killing two people in a polish village near ukraine, but u.s. president biden is cautious on speculation the missile may have originated from russia. >> it's uc lily from the

trajectory that it was fired from russia, but we'll see. uk inflation surges to a 41-year high, topping 11%, a day ahead of the budget. tackling inflation is his top priority. >> it's the number one thing that's on people's minds, causing the most anxiety, opening up bills, seeing the emails come in with rising prices that's why it's right we grip it tomorrow the chancellor will set out a plan. tailwinds with stocks flying to the top 600 as top quarter sales top the forecast, but the group holds back on a dividend day and widening loss. >> we see the challenges in wind and we see obviously ourselves confronted with the supply chain challenges, what we have and what the citizens of the pandemic see. >> blockfi could be the next

crypto casualty as the lender reportedly prepares to file for bankruptcy the sector still needs developing. >> any time you have the formative stages of the industry, it draws all kinds of interesting people, char le tons and potentially crooks crypto has never been sunshine and roses. i think crypto as an industry needs to mature. a warm welcome to "street signs," everybody. this is the financial stability report that gets published on a regular basis this morning they released a fresh assessment in it the ecb says the risks are increasing as financial conditions worsen. households and firms face multiple challenges including

weaker outlook, higher inflachlgts diminished market liquid ly raises the risk also adding that governments should ensure support to multiple sectors and does not interfere with monetary policy normalization. so those are the headlines out of this report these recent developments are increasing the developments of household firms and developments all of these vulnerabilities could unfold simultaneously, potentially reinforcing one another. lots of reference to higher energy and input costs profits expected to decline as funding costs increase, and if the outlook deteriorated further, an increase in the frequency of corporate defaults can not be excluded particularly among energy-intensive firms so fascinating lines out of the

ecb on this report while the banking sector has recently seen a recovery in profitability, there are insip yenlt signs of asset quality interpretation, which may require larger provisions. that's interesting because so far the european banking sector has not set aside a major provisions for the case of worsening credit quality as a result of these higher energy costs and the deteriorating macroenvironmental, but clearly this is a risk the icb has highlighted here. now, our coverage of the european central bank continues today. you can catch an interview w luis de guindos at 2:00 p.m. today. moscow has denied any

involvement in the missile and president biden says it looks likely they launched a heavy and wild missile attack on ukraine mostly at the electrical infrastructure now the polish prime minister spoke with the nato secretary-general and u.s. president joe biden after the attack amid fears the blast could provoke a wider conflict and even emphasized the importance of getting all the facts. >> translator: we're now working to establish the cause of what happened and everything that took place within the incident with international expert who have been working at the scene for several hours. we've asked support of allies with whom we are in constant contact. >> ukrainian president volodymyr zelenskyy says it's only a matter of time before russia goes any further.

>> translator: we were warning about what happened today a long time ago we talked about it terror is not limited to our national borders it's already spread to the territory of moldova, and today russian missiles hit poland. people died. please accept condolences from all ukrainian brothers how many times has ukraine said the terrorist state would not be limited to our country. >> they held an emergency meeting to discuss the incident on the sidelines of the g20 meeting in bali. the leaders offered their support and agreed to assist with poland's ongoing investigation. a release after the meeting reaffirmed the group's readiness to hold russia accountable as they determine next steps. stalenberg is set to lead a meeting. we get more with jp.

give us more detail around the reaction from leaders in bali, and as we look forward to the meetings with nato this morning what are the possibilities we can see from the alliance? >> reporter: well, julianna, that's a great question actually we have to remember the meeting of the g7 and nato leaders that are present here at the g20 summit at bali in indonesia is that they've struggled to come up with a joint statement. they finally did that. in a joint statement they did denounce, condemn what they call russia's aggression on ukraine while they also said they condemn the war there, they mentioned there are different views among the members. they're not completely unified they're going to assist poland in conducting an investigation into what happened you're exactly right

president joe biden says it's possible the missiles did not originate from russia. others also said they support the investigation. now, one of the more interesting comments we actually got was also from turkey's president erdogan. i sat in on his press conference about three hours ago, that they believe russia's stance that they're not spoonls for the missile that landed in poland and he said in speaking to u.s. president joe biden and the german chancellor, they said the missile itself or the rocket was not of russian material or originating from russia. going to be something that's very delicate. remember president erdogan occupies a very unique position. he is one of the few leaders who has a relationship with ukraine

and russia and is seen as a potential power broker and negotiator he wants to assure that he sees it differently diplomacy must be used to try to end the war. please keep in mind president erdogan is a key player in helping with the expiration on friday he said they are open after extending it by another year, but how this conflict with russia and ukraine will end, which, by the way, is an important part of the grain deal f this complicates things, that's another thing they'll have to watch out for. the clock is ticking to get the grain deal on the black sea extended for the time being. back to you guys. >> jp, thank you so much for your coverage from bali. it's been excellent throughout the week. let's head over to our guest

as we unpack this a little more. katya, we're sitting with a situation here where you may not know exactly where this missile comes from it may not come from russia, according to leader joe biden. now we have people in poland saying we've had people pass away from this and this war needs to stop either way because you still have this conflict hanning and now it's flying astray. >> thank you very much for having me, first of all. good morning to everyone it's quite the situation how to proceed and how to analyze the situation.

it's important to realize the first attacks were mainly toward the energy fwrid the energy structure that mainly con sense traded in the big city, kiev and the surroundings. now, this comes on the special occasion where ukrainian forces were celebrating the liberation of kherson now, indeed also the effects that were suffered in the neighboring country of moldova also caused concern because we already are seeing an extension of the conflict. now important to preliminary fairly address in this matter as you mentioned is the attribution. it can be donned by either having actual evidence that these missiles were actually launched by russia there is an ongoing investigation, but there's no question from sources we have

gathered nationally and abroad these missiles are russian-made. but from where they were launched and by whom is still a question to be addressed apart from that there's also the question as to why the polish defense system did not see this coming let's say precisely because it was quite pointedly the target it's important to remember that the town is around 25 kilometers away from the ukrainian border now, in this matter there still needs to be clarified. now, there are several grounds of intervention. the most comm commonly thought is thchlt it's important to take a step down because this is a

one-off incident that the leaders as it was currently discussed before we entered this morning t g20 leaders are still discussing whether these one-time events should be a matter for escalation. >> right and katja elisabeth, it seems so far the word comes out of the leaders is they're trying to effectively play down, defuse an escalation given what we've learned so far from president biden and some of the others, but arguably no matter what, this will ramp up fears around the spillover effect of having a war being fought on the ground on the continent. what does this mean for the appetite to increase poland's air defense capabilities is that the inevitable outcome from today's meetings?

>> before answering this question, i would like to address one other. poland has every prerogative to in evoke article 4 which allows someone in an official matter with nato members. this has not taken place on the framework of the g7. any conclusion will determine the first steps. now on the question of whether this actually might incentivize further support, yes, i'm afraid this is grounds for support from the united states and other territories. in the past months the united states and spain and others have reinforced their borders now, indeed it is because that the defense system was unable to react in such a problem situation there's a need too reinforce this so there's an actually effect of deterrence

across the eastern plain. >> katja elisabeth, we'll leave the conversation there we'll, of course, continue to monitor that meeting taking place right now. katja elisabeth hermann from the warsaw institute. coming up, we'll discuss the london statement don't miss that interview first on cnbc.

welcome back uk inflation has hit its highest rate since 1981 with cpi soaring 11.1% since october. that's way above the market forecast in a statement it was said, tough but necessary taxes on spending will needed in order to help the bank of england to brick it down to the 2% target rate the countdown is nearly over that's after liz truss's mini budget caused turmoil in the markets. the chancellor will give his

auditory statement tomorrow and said, quote, decisions are necessary to fill a fiscal black hole estimated at over 50 billion pounds he says more people will pay more and cuts to public spending are on the horizon as the bank of england warns it's set to enter the longest recession on record. speaking at the g20 summitb >> there's anxiety opening up emails, bills, the rising prices, that's wh global challenge. i'll be having lots of conversations with my fellow leaders at the summit. you heard the statistics about

the breadth of the challenge across the world that's caused by covid, what putin's doing, energy prices, but that doesn't make it any either, which is why we need to take decisive action at home. we'll do that because that will help us tackle inflation it will help us cut the cost of things, cut the increase in mortgage rates once we have that stable foundation which the chancellor will provide tomorrow, i'm confident we can move forward as a country and look forward to a brighter future. >> we're very pleased to say nicholas lions joins us, mayor of london. >> lovely to be here, julianna i gather i'm one of your first liven guests. >> you are in studio. it's got be back to normal thank you for being with us this morning. i want to kick off with the inflation picture. we have a fresh picture that inflation has hit a 40-year high it comes as the gaps and

inflation is worsening in many parts of the economy how are londoners going to fare in this environment? >> when you look at food and non-colic beverages, it's 16.4%. these are really serious numbers. it's vita that the government makes it a priority. we look at the requirements on the city in playing its part to try to help through this crisis. one of my jobs is financial inclusion. we have millions of people with savings less than 1700 pounds. going into this environmental is a great concern to them. i want to convene banks, insurance companies, fintech companies and charities that get involved in financial inclusion to talk about how best the city can help people as they struggle

with these problems around the country. >> we are awaiting the autumn budget on thursday as you said, you are responsible for a portion of the country, the city of london and what you can do there to improve the situation. when it comes to the budget, what would make it a success, and what would you like to see in it that would help you to achieve your goals as lord mayor? >> i think we have to look at it as being a short-term issue the government has to face this crisis driven in large part by external factors has to be addressed. but i think the most important thing is that we have to have a shift in our focus to growth and investment so i want to hear whatever the short-term impacts that the budget has to have, the autumn statement has to have to try and help us balance the budget, we have to have strong statements about the intent of this government to move us forward as an economy so there's a large part of what i intend to do

remember, although i'm based here in the city of london, i'm the ambassador for financial services across the country. two-thirds of the country who are working in professional services operate all around the country, not just in london. so our interest is making sure that we get national solutions to these major problems. >> lord mayor, the one thing that was spoken about a lot particularly when it came to the conservative party's conference is really how they should have rolled the picture a little more, prepared the market a little more for some of the announcements. do you feel like that was brought forward here do you have a sense that enough of a shakeup is going to have to be made and people have gotten used to the idea, the notion of what could possibly come through, and is that enough, do you think, then, to kind of, you know, pad the blow that could be felt in the uk economy >> whatever happens in this

autumn statement -- and, you know, at the end of the day, there have been a lot of stories that have come through, and i think there's been a certain amount of expectation. mana management, the fact of the matter is we've got some huge challenges, and the chancellor is quite right to say that so we have to brace ourselves. the fact, though, is interestingly, if you look at 50-year gilds, which is a measure i like to look at, we're down now, yielding less than 3%, which is less than before we had the last leadership correction so the work that the chancellor has done to give credibility to this economy in its national markets has worked and although we've seen a recovery of the pound, i don't think we should read too much into that. i think that has more to do with the u.s. and lowering

expectations in the u.s. probably. >> you speak about growth being one of the factors that needs to be focused on, especially for the long term. but for the most part, it sounds like an austerity budget needs to be put forth. how deep is this likely to be, do you think >> we talk about -- we heard the chancellor talking about and the prime minister talking about a 50 billion pound hole. the actual expenditure is a trillion pounds. you're talking about 5%. that's not the end of the world. it's going to hurt, but it's not the end of the world i think what's important is we get a strong message about this government's intent to stimulate the economy and grow so if we have to make tax rises or if we have to freeze tax thresholds, then let's at least understand what the time horizon is for that and when the chancellor feels we can get back to a more tax-friendly environment, which i think is absolutely critical to stimulate

companies. let's not forget, it's not the government that creates jobs and wealth it's the private sector. >> well, liz truss, former prime minister, made growth the center of her policies, and she tried to put forward policies that would specifically stimulate the financial sector and lower financial investment into the city specifically scrapping bank or bonus caps, for example but arguably what would lure the financial sector into the city is not scrapping bank bonus caps but financial equivalents and changing things from a regulatory perspective how do you think about that and what is the realistic of seeing major reform to the regulatory side of the financial sector >> i think is the absolute crux of the matter. we've got 6 trill dwrun pounds tied up. 2 trillion pounds tied up in defined benefit pensions, 750

billion in defined contribution pensions we need to immobilize that pension money to help stimulate the economy by investing in infrastructure and private equity these are asset classes which the regulators regard as high risk because they don't have a listed price each day. but let's not forget most people who have a defined contribution pension are probably in their 30s and 40s and they're not going to be able to draw that pension for 30 years they don't need a listed price of the asset class every day they just want to make sure that they get the best returns on their pension as possible. regularities are focused too much on charge caps, on trying to protect customers by capping charges that people can be paid and not taking responsibility for looking at the outcomes of those pensions so we need to get really strong performing pensions investing in the most attractive asset classes. >> can i just follow up and ask

you about the volatility we saw in gilt markets. obviously we've gotten through that period and stabilized as you suggested, but they came sharply into focus and captured the attention of investors, traders, financial people all over the world, not just within the uk is there a risk we see another pocket of disturbance like that when you look into the market and any comment on that period of volatility we saw >> i'm delighted to comment on it the liability driven strategy sits in the defined benefit system, which is by its nature, they're trying to match assets and liabilities so the corporate sponsors don't have to make, you know, huge additional cash contributions. that whole system is designed effectively to prevent there

being unnecessary risk but it actually caused these pension funds to have leveraged plays on the gilt market because everybody regards gilts as the lowest risk asset class. what happened is, of course, by leveraging the skpoeders, when there was this unprecedented rise, there's massive movements in price, completely unexpected. the bank of england through the pra and fca always asks people to do stress test scenarios. nobody had a stress test scenario that was suggests that long-dated guilts would be blown out by two percentage points in yield. so it was unprecedented, but it was a very good reminder of the volatility that exists and the reliance that we have on overseas investors for our

borrowings and don't forget although we talk about british indebtedness being about 96% of gdp, people often say that's less than the u.s. we don't have a state pension fund this state -- we pay state pensions of 50 billion pounds a year you would need a trillion pounds to yield $50 billion a year. so it's a little bit of a misnomer to talk about our government indebtedness. when you add the sheet, it's higher than that, and the bond markets understand that we don't have the wiggle room we once had so we're now in a situation where we absolutely need to look to the private sector to mobilize the pension money to stimulate the growth that's going to get us back to where we need to be. >> a tricky task for the year as we head toward thursday's budget thank you for joining us in the

studio i understand you have a big show best of luck. >> we've got big events all the time. >> hopefully we'll speak to you again. >> i'd really like that. >> thank you for coming. nicholas l lyons, lord mayor of london we've got "fiscal fallout" coming up on thursday and a special program on the announcement itself. let's head out to joumanna who's at the conference then joumanna >> hi, guys. well, this is the first time i've been back to this conference since 2019. er earlier in the day we were talking to multiple investors in the equity space and stress credit when we come back from break i'll speak with the managing director and we'll talk about all the opportunities and what their clients are looking for in

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welcome back to "street signs," everybody. i'm julianna tattle bam. >> and i'm arabile gumede. here are your headlines. a missile kills two people in a polish village in ukraine president biden is cautious that the missile may have originated from russia. >> we'll see >> uk inflation surges to a 41-year high, topping 11% a day ahead of the government's budget announcement prime minister richie sunak says inflation is his top priority. >> it's the number one thing on their mind, opening up emails, rising prices, and that's why it's right that we grip it and the prime minister will set out

a plan. >> blockfi preportedly prepares to file for bankruptcy. >> any time you have formal stages of an industry, it draws all kinds of interesting people, charlatans, potentially crooks crypto has never been sunshine and roses. i think crypto needs to mature. we have fourth quarter forecasts, but the group holds back after a widening net loss with troubles at its turbine command center. >> we see often the challenges in wind and we see obviously ourselves confronted with the supply chain challenges, what we have and what we see a check into that market picture now an hour and a half

after trade has opened then and particularly checking in on how things are faring. political turmoil hurting the market picture as you see right across the board, there's only a ftse 100 going up 0.2%, downturn for the cac 40 with the ibex 35 and the dax going down you the wash of missile strikes across the country on wednesday, plus then you've got the situation happening out in poland creating a whole host of political turmoil. so we'll see how things fair there. now, siemens energy is scrapping its dividends for the year after warning it will post a worse than expected net loss of almost 650 million euros. the company blames its slum on the sister company that's along with restructuring of its russian unit. resolving issues in the

renewable space is essential if companies and countries want to transition away from fossil fuels. >> in terms of the wind industry there's still a ways to go how do you manage the business how do you manage long-term risk and between the customers t operators, how do you look at risks along the supply chain in a world that's much more volatile, much more difficult than before. and i think this has changed and this needs to be discussed but there's no question if we don't resolve it as an industry, we are missing a substantial part of the energy transition and will fail with the energy transition so there's no option but to fix it. >> mercedes-benz is also trading sharply lower this morning on the back of a bloomberg report which says tanking sales are the reason it has slashed prices of certain ev models in china by as much as $33,000 and offered subsidies to recent buyers

domestic carmakers accounted for 80% of sales in china. that's up in august according to china's passenger car association. and then to is to see laudehr which has a beat front-runner with tom ford in a deal worth $2.8 billion. the deal is the cosmetic group's largest acquisition to date. isestee lauder says the new partnership will unlock new opportunities in the sector. and navigating the market noise in the bid to find the next big opportunity is key to the conference in london today joumanna joins us with more at the sohn conference. joumanna. >> good morning, arabile that's right we're here at the sohn conference for the first time since 2019 i'm happy to say maxime carmignac from carmignac uk

joins me right now glad to have you on the show let me start out about the year as a whole for investments, it's been a challenging one. what are your clients looking to do, and what are they saying right now? >> i think it's been changing. although they want to catch it, you can think at some point fif fixed income will be a class again. also we saw the range, a long shot equity europe because with volatility, you want too have a limited downside. >> given how much uncertainty an volatility there has been with financial math, have clients been sitting on a higher portion of cash than they would usually? >> yes, i think it's a big problem because with inflation you only have one option,

loslosin money. fixed income is not attractive with lower risk. >> when you talk about alternative assets, one other big theme that's come up especially at the last time i was at the sohn conference in 2019 is the rise in investing. i know it's something you're very focused on. it's lchl like it's gotten a bad name because of the green washing that's gone on how do you discern between the good opportunities and perhaps the less appealing opportunities in that space? >> yeah. you're like walking on eggs now. ten years ago i was like people were throwing tomatoes at my face, but now it's changed so i'm glad to have some air time on esg

he says russia is an enigma inside a riddle. you know, it shows you how complex it is today because today as it's come to esg, given the absence of clarity from realtors, given the lack of displeasure from corporates, they have capital. we have to be both humble and transparent about our criteria and process so that we can allow our clients to make their own asset allocation based on their own ethical stance france said before, nuclear was bad, now it's good again defense was bad. now it depends on the country where you are.

there are lots of moving parts humility and transparency. >> what does carmignac do in that sense to differentiate your esg offerings compared to the other esg offerings that are out there? >> we have to be humble and we have three segments. we look at climate because i think it's an obvious choice the second thing as it comes to social is about empowerment. we are looking at empowerment of both customers the beauty here is that you have much more. before it was wishy wash now you have a strong amount and can analyze it the last one is leadership because when it comes to esg, you have so much regulation it

becomes almost like -- we want to believe at carmignac you have to have a good balance between leadership and finance if you have good leadership without finance, you have tyranny. >> i know that car mig knack is very keen to invest in family businesses, and i think that is a good angle oftentimes family businesses, you're run by one particular familying and there's, you know, the heritage factor involved so how do you square that up with your focus on esg >> it's a great question as it comes to family businesses, powers tend to be more concentrated in your hands. it's like a double-edged sword, you know it can go very bad or very good.

we have to pay special attention. if you look, for instance, at the governance rating, it's like 5.75 for family businesses, it's only 5.0. you take a 20% hit it's much lower. you go from 81% on family, 60% family so we have to look case by case, companies by companies about how governance is. it can be different on paper and look bad and prices be good and vice versa. >> well, before i let you go, i know you're managing director of carmignac uk what a time to run a business. what an eventful summer. tomorrow we have the fiscal event. what are your clients thinking about the opportunities within uk over the coming years are they scared about this credibility premium that the math is placing on the premium

rohr they ready to jump in again because of the evaluations >> i think it's an interesting market we're looking at the long term the uk is now at the entry point or so we know that the uk indices are full of banks. we know that you have direct effects, so i think it's interesting at this stage. >> all right that's a good place to leave it. maxime, thank you for joining us maxime carmignac from carmignac uk, managing director. later we'll be interviewing carson blog who's the founder of muddy water, so that's definitely an interesting one to watch out for. he'll be revealing his latest shorts >> that will be an interesting

interview to watch out for sure. lender blockfi is reportedly looking at a bankruptcy filing that's according to a "wall street journal" report which says the lender halted withdrawals last week and is planning to lay off staff. ftx founder sam bank man fried is reportedly trying to raise funds even after his crypto exchange tried to file for bankruptcy last week his attempts to raise large cash has been largely uns sucunsuccel >> typically in my experience -- i've been in this industry for a long time now -- you see crypto winners last 6 months to 16 months i think this hit reset i think we started over. this is certainly not good news.

it's not good for the industry now there's a movement around exchanges for proof of reserves. that's transparency. we embrace that and will continue to lead by that operative with ripple. coming up, former president donald trump will run for the presidency again in 2024 we'll have the latest after this break. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them to ship out fast that's why i chose shipstation shipstation helps manage orders reduce shipping costs and print out shipping labels it's my secret ingredient shipstation the number 1 choice of online sellers and wolfgang puck go to shipstation.com/tv and get 2 months free

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now, walmart sales rose by almost 9% on the year in the third quarter, beating wall street expectations. the u.s. retailer says it received strong demand for online groceries as well a adde is changing. that's in response to wider pricing pressures. more u.s. retailers are reporting across the pond today with target, lohse, as well as tjx, all set to release their

third quarter numbers. turning to politics, former president donald trump will run for the presidency again in 2024, promising again to make merge great and glorious again launching his campaign from his mar-a-lago resort, he said he'll fight inflation and secure borders if he's elected president. his party failed to make large gains in the midterm elections trump criticized the current president saying the u.s. has underperformed under his leadership. >> something is wrong under biden and the radical democrats. america has been mocked, derided, and brought to its knees perhaps like never before, but we are here tonight to declare that it does not have to be this way. it does not have to be this way. >> nbc news's brie jackson joins us for more on this story. brie, i suppose this is what the former president is trying to

do, perhaps wrestle back control of the republican party in a way? >> reporter: yeah, good morning. he's been hinting at this for some time. as you saw there, former president trump made it official he is running for president again in 2024. now, mr. trump did make that announcement during an event at his mar-a-lago estate in florida. it was a wide-raging speech where the former president talked about his achievements when he was in the oval office and painted a picture of what america would be like if he once again -- reclaims the presidency his 2024 bid, it comes just two weeks after many of the candidates that he backed for the midterms lost their campaigns or some of the candidates that he backed for the midterms lost their campaigns, but the former president had hinted at this announcement for some time now, and so we do know that he has already filed the necessary paperwork to make it official. but he does face somal serious

investigations into his business practices, the handling of the classified documents that were found at mar-a-lago, as well as the role or the role that many believe he played in the attack of the u.s. capitol. so during his speech, the former president, he really did brush off those investigations, calling them politically motivated and saying they won't stop him from running. >> brie, i understand that many of his advisers urged him to wait to make this announcement, and it is a particularly early -- it's an unusually early time to make an announcement for running. i wonder, number one, what do you make of the timing, and why did he go ahead now, and, number two, what does it mean for his key rivals, mainly ron desantis, the governor of florida? . >> reporter: julianna, the timing is key for forter president trump, he knows how to play to crowds

so part of it is we just finished a midterm election here, and so there's a lot of talk about politics. that's part of it. some within the republican party, they wanted him to hold off on this announcement in particular there's still that runoff election in georgia next month and they feel -- some republicans feel that this announcement from former president trump could take away their opportunity to take that seat in georgia. so that's where we did see some people telling the former president to hold off on this announcement but he'd been hinting at this for weeks if not longer that he was going to make this announcement, but he does face some stiff competition even within his own party including florida governor ron desantis, who's a rising star within the republican party even former president trump's running mate, former vice president mike pence is considering a run. so definitely some stiff competition for the former

president now that he's entered the race. >> brie, always great to have you on thank you for bringing us the latest. now let's turn to u.s. markets and see where things stand as we count down to the wall street open we've got green across the board. fairly modest gains in store, but green, nonetheless dow jones looking to add yesterday the nasdaqs with the key outperformer, the shining star gaining 1.5%. and apple was the key winner yesterday. nine out of 11 sectors were positive yesterday in the s&p led by communication services. today the focus on retail continues. that is it for "street signs." i'm julianna tatelbaum. >> and i'm arabile gumede. "worldwide exchange" is up next.

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it is 5:00 a.m. at cnbc global headquarters and here's your top 5 at 5. stocks looking to go two for two after another cooler than expected inflation print former president donald trump launching his 2024 run for the white house looking to make america great again again. we'll look at what it could mean for wall street from trade wars to corporate culture. am reportedly looking to ease off its reliance on china as a key cog in its global supply chain, now eyeing a factory much closer, per