in the 250 tomac bounces back for the big win in the 450s. and we're moving to tampa. the fight continues. for the monster energy supercross championship. for ricky carmichael, jason thomas and will christian, i'm good morning welcome to "street signs." i'm joumanna bercetche >> i'm arabile gumede. these are the headlines. >> the u.s. shoots down a suspected spy balloon as the foreign ministry says both sides should handle the incident with calm and without force. and european equities in the red after the blowout january jobs report. the nasdaq higher for another week at least 500 people have

been killed in turkey and syria with many more missing after a massive earthquake toppled buildings as they slept. renault and nissan with the renewed alliance with the carmaker and taking up to 15% of the ev unit. the ceo says now is the time for change >> the next level of the alliance requires a new approach this will enable the alliance members to prepare for future opportunities on an equal basis. good morning again welcome to "street signs." you can see a lot of red on the screen behind me we had a negligative session frm wall street on friday with the

flare up of political tensions the investors were looking at the non-farm payroll print at 517,000. more than 187,000. showing the unemployment rate has fallen to a 53-year low. lots of signs still that the labor market in the u.s. is strong that will have ramifications on the fed and the next steps remember, last week we had a central bank meeting with the fed chairman jay powell said they are watching the labor market for signs of weakness that did not really chanctranspn friday that is certainly investors pricing in a higher terminal rate out of the fed. overnight, we had the negative mood with tensions with china and the u.s. with the shooting down of the balloon. here in europe, we are do down .70%. for the week last week, it was still positive

you could see that january over the course of the month the stoxx 600 did well it is soggy today, but the month of january, it was a good month. this is the breakdown of the indices. the swiss index down .70%. ftse mib down .60% out performer in january it also did quite well last week dax is down 130 points .80% weaker. we had data come in this morning. the new orders, industrial orders, did rebound on the month. if you exclude the big ticket items, still negative on the month. the data from germany is mixed, but showing signs we have bottomed cac 40 is down 1.1%. renault and nissan announced deals of a partnership or stake

in one another with the renault now reducing stake to 15%. they will invest in the electric vehicle unit reinvigorating that alliance is what we talked about in last couple months. the ftse 100 is down .10% today as well. in terms of sectors, this is the breakdown. every sector in the red. on the down side, technology down 1.88% although we had a good week last week, you have to think some of the geopolitical concerns are weighing with the likes of chip makers in the basket that basket down 1.8%. clearly an inverse relationship with interest rates and what is happening there. retail is also lagging today down 1.4%. adidas is at the bottom of the

basket arabile. the u.s. military is working to recover the remnants of the suspected chinese surveillance balloon it shot down over the weekend. the u.s. fighter jet fired on it over the atlantic off south carolina the balloon put a further strain between the united states and china with the cancellation of the visit from secretary of state antony blinken the president said he took decisive action. >> i ordered the pentagon to shoot it down on wednesday as soon as possible they decided without doing damage to anyone on the ground -- they decided the best time to do that when it got over water and within a 12-mile limit. they successfully took it down >> u.s. secretary of state blinken told reporters that his visit to beijing was canceled due to the balloon and saying it

was a clear violation of the international law. >> we concluded conditions were not conducive for the constructive visit at this time. my call today with the director is where i made clear that the invasion of the u.s. air space is violation of international law. it is an irresponsible act and the prc decision to take the action on the eve of my planned visit is detrimental for the discussions we were prepared to have >> the chinese government said it was a civilian airship that made its way accidentally into u.s. air space we will have a lot more on this story, of course, later in the show when we cross live to washington d.c for now, let's look at how u.s. futures are faring as we head into the first day of the trading week you can see the picture is also negative in line with the price action we had out of asia

overnight. over here in europe as well. the three u.s. majors opening up in negative territory. dow down 150 and the s&p down 22 january was a strong month, especially for tech. let's talk about what happened on friday because january's u.s. jobs report did crash all expectations non-farm payroll with the biggest gain since july of 2022. increasing 517,000 far ahead of the 187,000 expected the unemployment rate eased to 3.4% the lowest since may of 1969 when the beatles topped the charts and before neil armstrong took man's first steps on the moon $20 bills on the sidewalk and free lunching and falling employment and inflation is the stuff of economic fiction. producers are having fun with that read today.

president biden said the january report is proof his plan is working. >> for the past two years, we heard a course of critics write off my plan. they said we can't bring back american manufacturing they said we can't make things in america any more. that somehow adding jobs was a bad thing. or the only way to slow down inflation was to destroy jobs. well, today's data makes crystal clear what i've always known in my gut these critics and cynics are wrong. we may face setbacks along the way and there will be some, there is more work to do and it's clear our plan is working because of the grit and revosol of the american worker. >> let's bring in our guest from jpmorgan chase great to have you with us. it is interesting to hear what president biden is saying. there is a political spin to the

number that came out on friday his prognosis is they, as in fiscal authorities, are succeeding with bringing down inflation without engendering an uptick in the unemployment rate. will they be successful without a big uptick in unemployment >> it will be difficult to have the soft landing and goldilocks scenario they will have a bit of a challenge on its hands we have had jay powell earlier in the week and he did not push back on the easing of financial conditions and some of the rate cuts priced into the second half of the year. if we continue to see robust jobs growth and very low levels of unemployment, in the end, you feel the wages will have to continue to move higher to fulfill that which means they will be stuck between a rock and

hard place where they may have to keep tightening policy or at least pause for longer than the markets would like them to do so >> you look at what the bond markets are telling you. we certainly have come in a lot from the likes of last year. i feel bond markets are priced for this disinflationary scenario are they priced for recession at this point >> i don't think so. when you have recession, you probably will see the base rates go well through what you would say neutral rate through 2.5. we are not there yet what the bond markets are saying is that firstly, valuations looked more attractive than any point over the last 15 years or so and we were seeing inflation coming down and we were getting very close to the peak in central bank policy. a lot of people hadn't owned bonds for a number of years and looking at the marketplace and saying there is opportunity here there is a huge flow into the bond market. i would not expect that to

continue even with valuations run where they have run. >> is that -- that desire for opportunity that has come through able to create a sense of wanting to go on the lower duration the two years? are those becoming more enticing as well considering the yields you are getting there? >> if you have a view that the federal reserve is going to do what the markets are pricing and there is going to be recession, actually they will have to cut further. the two-year path is attractive. we have seen the flattening of the curve over the last few months as you get closer to recession and rate cuts, the curve will stee steepen. the curve looks good >> you could be in the middle of the bond rally considering the factors you named. >> i think we had a really good move this year we all know that markets don't go in straight lines and there

is likely to get volatility. this is the time you want to own fixed income we have seeing central banks getting toward the peak. we are looking at economic data slowdown friday, maybe, that was just one data print we like to see the data play out. i think it is a structure time to go to fixed income. >> can i ask about the price action we had in europe post-ecb last week? it was shocking how much fixed income rally moved after the hawkish meeting. >> it was an element of hawkish comments there the reality was the market was very set up for maybe more of a hawkish stance from the ecb. a lot of people are under weight fixed income and aware that the central brank has a way to go. we saw that flush out. what is interesting is we had a number of ecb members come out

over the last few days since the meeting and say let's reevaluate did you listen to what president lagarde said and we are still tightening to get inflation under control. we saw reversal on that on friday. >> do you have a view on fixed income you prefer? u.s. or europe >> i think you have to favor the u.s. at the moment because the fed are a lot closer to the end. europe still has, obviously, higher inflation and core inflation continuing to move higher europe has a challenging reradin with the german data not there last week. it has a long way to go compared to the fed which looks to be close to the end of the hiking cycle. >> are you saying that junk rated bonds are enticing or extending the risk curve which you don't need to do in the current environment? >> that is absolutely right.

if you think about where high yield bonds were this time last year, you are getting a better yield on high quality fixed income and investment grade bonds today. you don't need to stretch for the yield. when you look at the yield space, they are pricing that goldilocks slowdown or non recessionary environment at some point later this year, the markets will question that and talk about the recession happening which means spreads should be wider. i would own high quality fixed income there will be an opportunity later this year to buy high yield. i like to spread them wider than they are today >> i was looking at that friday. bbb rated question spreads to risk free assets and essentially the tightest it has been in 20 or 30 years. that is a signal that credit is trading tight at historical

levels. >> there is a reason for that. corporates are in good health at the moment this is not a corporate induced slowdown the reality is you will see lower call quality credits if wo into negative growth they will thrive in that environment. >> ian, thank you for joining us coming up on "street signs," hundreds of people are killed as a 7.5 magnitude earthquake hits turkey and syria we'll have more after the break. yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you

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welcome back german factory orders recovered in december rising 3.2% compared to the 4.4% in november and beating expectations for a 2% rise nestle's chief executive says the company will have to raise prices for food products this year as the food group

looks to offset costs. sales grew 8.5% in the first nine months of 2022. renault and nissan announced details of the newly reshaped alliance at the japanese automaker agreeing to buy a 15% stake in the renault ev maker. they are looking to invest as a junior partner in the alliance renault will reduce its stake in the japanese automaker to 15% which is down from 43% nissan ceo says the alliance changes will help the company tackle new challenges. >> for the new reality and we should address the issue like climate change and geopolitical scenarios and raw material hikes or fragmentation of market

in which ever context, it is true we can no longer stay still or walk as an extension of the past we need a next level transf transformation this is a need >> it has been muted for a w while. this 20-year long partnership has been reshaped and it is possibly the end or nail in the coffin of carlos ghosn's tenure >> if you listen to the language from the leaders today with the ceos of the automakers, they are reaffirming the commitment to one another and more equal footing. the issue that nissan had it was a misweighted alliance

renault originally had a 43% in nissan and nissan only had an 15% stake in renault renault had extra voting rights and nissan did not have that what they have been arguing for years is that they needed to have a reevaluation of the relationship to make it more fair they got to that point once carlos ghosn was ousted from his position if you look at the language from both carmakers today, there is certainly desire to continue to work with one another. i also think there is an understanding of the scale of the challenges ahead remember, there is so much competition in the electric vehicle space and they are lagging behind if you look at renault trading price to earnings. it is 8. nissan is trading at 13. there is a lot of pressure to revitalize business and regain market share and get up to speed on the electric vehicle side which is why renault announced

the new partnership. interesting that nissan is committing to 15% to the electric vehicle unit. >> furthering their stance in trying to raise it and make it as big as possible like you said with competition particularly competition in asia nissan is looking at this as an avenue to get into because of the asian market has gotten into evs. interesting tie there. >> you can see the reaction for renault, with the stock up there, into the decision has been positive. over the last 12 months or so, it is up 14 points today, we are down on the news it was baked in at this point. it is interesting to see where renault will go from here. now in some central banking news, bang of japan's governor has been highlighted to lead the central bank the yen slumped as he was out as

the next governor. they are in the final decision making process he is seen as more dovish. jp joins us with more. >> reporter: japanese stocks ended monday with gains. despite the federal reserve keeping rates higher longer, the deputy governor of the bank of japan has beena successor as the governor when kuroda steps down in april. he is soon as ultra loose with the policy that kept the yen weak and rates in negative territory and the boj managing the yield control with the specific ban and many in the markets were not too concerned with the successor as the next boj governor, we saw the japanese yen weaken past 131

against the greenback in the session and the exporters that gom dominate the nikkei. trading houses were among the gainers on the nikkei in today's session with the financials the only ones failing to stay strength with the rates lower for longer in japan. however, not everyone was convinced. today, we saw the bond markets that the japanese ten-year yield rose before giving back the gains. they alongside others actually were flat to the upside. perhaps a sign that bond traders are not ready to give up the challenge that the boj sooner or later will have to relax that ultra loose monetary stance. i'm jp in singapore. and an earthquake in turkey and syria has killed several

hun hundred. the search for survivors is under way. president erdogan has called for assistance and allies are mobilizing support there has been a reaction in the turkish lira of course, we are focusey. italian authorities lifted a tsunami alert after the earthquake downgrading the concern for italy. let's get to claudio in rome claudio, the earthquake affected turkey and syria i have family in lebanon they felt the shockwave there is v -- shockwaves there.

what is the concern about the aftermath? >> reporter: the earthquake was so strong and felt in neighboring countries like lebanon and jordan and israel and egypt. there were reports earlier tonight that there was a tsunami alert that went all the way to italy. that was then canceled there is no risk of tsunami coming toward the coast. certainly most dramatic effects were felt mostly in syria and turkey where the dead and number of the dead and injured are continuing to rise, especiallies if you consider beyond that number that you just gave, there are hundreds if not thousands of buildings that collapsed in turkey and in syria. this is why the authorities fear

that the death toll and number of injured may rise dramatically in the coming hours. to add tragedy to tragedy, you need to keep in mind that northern part of syria effected by the earthquake is where millions of refugee from syria who had to flee houses because of the war were living in them and living in makeshift or insecure buildings which are known to collapse. >> claudio, thank you for that report giving us the latest for that situation. now coming up on the show, balloon diplomacy. u.s. fighter jets down a chinese balloon leaving more questions than answering and doing nothing to soothe relations between the

two. we are live in washington, d.c. in just a moment

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welcome to "street signs."

i'm arabile gumede >> i'm joumanna bercetche. these are the headlines. >> the u.s. shoots down a suspected spy balloon as the foreign ministry says both sides should handle the incident with calm and without force. and european equities sink in early trade with all sectors in the red after the blowout january jobs report spooks wall street, but fails to dent the tech surge with the nasdaq higher for another week. at least 500 people have been killed in turkey and syria with many more missing after a massive earthquake toppled buildings as they slept. renault and nissan reveal details of the alliance with the japanese carmaker taking a 15% in the renault ev unit the ceo says now is the time for change >> the next level of the alliance requires a new approach this will enable the alliance

members to prepare for future opportunities on an equal basis. the trading picture has been negative to start out this trading week following what was a bumper january and the first week of february looking fairly positive now headed into negative territory following the central bank meetings which posted a hawkish tone with sentiment pointing to further interest rate increases across europe as well as the bank of england and the fed in the united states giving out a similar message on to the local side all of the counters moving into negative territory most of the board in red today the cac 40 in france being the biggest loser thus far 1.2% in the red. the ftse mib is .20% weaker.

ftse 100 losing 64 oints tech, retail and travel leading losses, but certainly all down oil and gas had bucked the trend to start the trading day, but not continuing so. interest will be in renault as will reduce stake in nissan at 1 15%. you are seeing a pull back in the markets, but we have seen that on the back of the strong u.s. jobs report which suggested that the u.s. fed could go a little further when it comes to the interest rate hikes. it is still a bit more of a buoyant economy in the united states the yen was hit by news that the bank of japan's deputy governor could be in the running to lead that central bank as well at the departure of the governor at this time as well. very interesting to look at that

number. u.s. futures this is what the market is pointing to. red territory out of the united states 163 points on the dow jones industrial average with the losses on that front in the early trading picture. let's turn to one of the major geopolitical stories u.s. and china relations on edge an after the u.s. military shoots down a chinese balloon over the atlantic ocean china called not to escalate tensions further the secretary of state antony blinken did cancel his trip to china. we have brie jackson from washington, d.c. brie, what is the latest on this story and what precedent does it set for the future visit for u.s. and china >> reporter: good morning. china did call the u.s. reaction

to this an overreaction. they had claimed the balloon was used for meteorology purposes. the president is drawing praise from his allies and criticism from those who say the biden administration should have acted sooner on this eyes were glued to the sky as an american f-22 raptor shot down the balloon on saturday. it happened over the atlantic ocean near myrtle beach, south carolina the balloon was detected on january 28th in alaska it passed over several states like montana and kansas and flying over sensitive military sites. republicans argued that china was testing president biden's strength and officials say that the president's actions weakened china's surveillance capabilities >> brie jackson, thank you so

much for joining us from washington, d.c. we will follow that story as it comes out of china and the united states. we have a seen nior fellow for chinese security at iass mya, thank you for the time. this is a setback for the u.s. and china relations. could things worsen further from here >> i think it certainly is a setback. this is not an opportune moment when they are trying to build a floor under the bilateral relationship what we are seeing now in the terms of the u.s. response and china's response to the u.s. shooting down the balloon has something to do with what is playing out in the public atmosphere and domestic politics as well. in terms of the bigger picture, both sides will continue to mend their relationship as much as they can to build that floor >> can the u.s. do anything else

other than the measure it took to bring down the balloon? perhaps they could have salvaged things or done things in a better way to not use as much force? >> from the u.s. perspective, it had a right to do so under international law to bring the balloon down it posed a surveillance risk for the u.s. that was an option for the u.s. to do so here and they took it we need to remember leading up to this, there were channels of communication with the u.s. and china to discuss this incident and that is also what we should focus on >> i want to get back to shooting down the balloon. to what extent do you think the biden administration was politically motivated? there were a number of senior and vocal republican politicians saying if president trump had

been in the situation, the balloon would never enter u.s. territory. that sort of thing to what extent is president biden reacting to the political noise that was emerging domestically >> i don't think it was purely based on there's domestic reacta president biden was reacting there is a report that gained attention that during the president trump administration did occur and did not reach the public sphere. it was reported and there was a need for a response in this case it is not just reacting to the republican party of the united states >> the balloon itself. i'm not a surveillance expert, but none of us are we were prsurprised to hear of a balloon entering u.s. air space.

another one in latin america how much of a tool is this and this is a weapon, quote/unquote, that they could lean on going forward? >> i'm not a surveillance expert i will not pretend to be one i think your question is for my perspective, is it a dual use for information gathered for civilian and military purposes in terms of intelligence gathering and who has command and control of that in china in th that is a question we need to ask. who made the decision for this to go ahead? the decision at the highest level in china is unknown. was it president xi? these are the hard technical questions that i'm unable to answer. >> it does seem like a blatant

move from china. if this happens like joumanna said, it is also a balloon in latin america. both countries already spy on each other in other ways already. do you think this is a bold move to weaken the stance of joe biden? >> i don't think strategically it makes sense from my perspective. that is my personal opinion. it goes to the bigger question of who in china was in charge of this decision? who gave the okay for this to happen was it or was it not an accident u.s. officials said it wasn't an accident it veered into u.s. air space because as soon as it became public knowledge, it changed course to leave u.s. air space that would indicate there was a level of decision making behind this we don't know who made the

decision and who was in charge of this at the end of the day. >> fair enough you did mention that there was a goal for the two sides to talk and they were talking about the incident over the course of the weekend. what do you see of another high level diplomatic trip taking place with the u.s. and china this year? >> i don't rule it out, actually i think it wasn't just blinken who was set to visit china i think secretary of treasury janet yellen was also slated to visit china at some point this year unclear as to whether that would go ahead or when at some point these visits will resume they are not able to resume now considering the fallout from this >> out of chinese authorities now on reopening the chinese economy and stabilizing things from where they were the last couple years how important do you think it is for the communist party to

stabilize relations with the u.s. at this point >> very, very important. the chinese, as you said, have had a serious hit on their economy from years of zero covid policy that they are now trying to recover from. there are serious structure issues within the economy that need to be addressed as well unclear how the communist party will address those there is concern that was discussed with the vice premier and secretary yellen about the potential for, perhaps, growing inflation in the united states and greater economic concerns in the west as well i think bilateral trading relationship is an important one and there are efforts to continue discussing more frankly and openly on trade and economic issues between the two sides i think that will continue >> this isn't necessarily a

death nail in the conversations between the two and the stakes feel high between the two nations which are less so right now. >> um, i think certainly that effort will continue i think what is also of concern here is what the united states plans to do later on this year with regard to expert controls on the chinese market. that is also of concern to the chinese and something they want to discuss and have a clear view on >> thank you so much p for the time it is a fascinating story. we will continue to follow-up on it with china and u.s. relations. senior fellow for china security and defense policy at the iass for more on the u.s. and china relations, check out cnbc.com for more now an eu ban on russian diesel and other refined oil

products is in effect for restricting the country from exports from the wake of the putin invasion of ukraine. this comes as g7 countries reached agreement on the package of sanctions, including a price cap on sales to non-western countries. russia provided half of europe's diesel in 2022 according to data from vortexa the saudi minister mbs warned of the lack of energy supplies in the wake of quote so-called sanctions. >> what is interesting about this, i'll comment on it quickly, is i tweeted up a chart before we came on the show about russian oil production it is actually hovering around 11.1 million barrels a day it has not dropped that dramatically since the embargos. we have a new embargo on russian

products it will be more difficult for them to circumvent the key is finding the tankers to circumvent the rules that the nations are applying so far, they had a back channel of vessels they have been able to use for petroleum products. you may see somewhat of a tightening in the market the take is russia is pumping a lot of oil a lot. >> how much of that, of course, is the influence they still have in the region and it still continues. interesting discussion point that will continue to look into here china reopening could prompt oil producers to reassess output according to the executive director who says the country will account for half of the growth of global oil hedemand ti year. and coming up on "street signs," the indian index will

st iepn for a further look at the adani crisis we'll have more on the story coming up.

i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

welcome back to "street signs. shares of adani group and related companies are continuing to decline this morning as they postpone a bond sale and plan to cut back on spending moody's warns it could struggle to raise funds adani has denied plans to cut spending on capex. it has raised over 110 dll -- $110 million from the market value. and the regulators said it is aware of quote unusual price movement in the stocks of the business conglomerate this morning, adani group companies posted funds to prepay 1 $1.1 billion of loans ahead of

the scheduled security from september. i don't think the pressure on adani will ease up any time soon the group level with $110 billion of market value has been wiped off in the last couple weeks. the regulators out there are giving reassuring reaction interesting to note that state bank of india posted strong results overnight. they are saying the exposure is manageable you have to see and think a conglomerate with the arms in so many parts of the indian economy, ports or logistics and some of the industrial sector is a drop of this magnitude won't have bigger contagion effects. >> to some extent, it has. it may not have done so to the extent the market would have expected or thought, but the company shares have cost india the place among the five biggest

stock markets and theit is hurt the market >> the other thing people are concerned about is governance. india has been a hot market. a lot of excitement of india and growth of the economy is growing very fast. superseded china in the last couple years stories do not reassure that quicker governance is being done with quality let's get to amesh shah. run us through the fallout of adani. >> reporter: adani group under pressure there are fresh concerns

the promoters announced they will pay $1.1 billion to prepay the loan shares which is going to mature in september of 2024 the pressure will go down. the port shares will come down 12%. adani green will come down 3%. and p the consumer entertainment will go down 1.1%. they are putting in fresh money to reduce the split shares it has further downgraded ports and adani electric has been downgraded and they will not accept the bonds given the volatility there is an increasing surveillance on the stocks apart from that, a couple of

stocks which are in the banks with the ports there is some announcement with regards to banks which is the leading debt exposure. for the exposure for the bank, it is 0.1% some partners came out and supported the group. they continue to invest similar with totale as well. they announced $1.1 billion pledge >> thank you for that report joining us to unpack that story. for more on the fallout from the adani stock route, check out cnbc.com. and the jury in the u.s. has

found elon musk not libel for taking the tesla company private. he tweeted he would take the ev maker private and had the funding. that cost billions of losses for the company. musk later tweeted he was deeply appreciative of the jury d's decision joumanna, this is something from 2018, but investors will be wanting him to get back to ensuring that tesla gets back to fighting on all fronts as we noted earlier, the competition is out in asia and they have reduced prices to enter the competitive space. this will certainly or hopefully try to get the slate cleaner >> i think for him, obviously, he is breathing a sigh of relief he was acquitted in this circumstance, we know that the tweet was a dodgy tweet

at the time. the problem is it is very difficult to prove fraudulent intention. this is where they have to draw the line they were not able to prove there was a fraudulent motive for this in this case, he was exonerated. that means at least as far as tesla and anyone who believes in the musk story is concerned and now believes he can go back to his day job and where twitter goes in the future we talked about the advertisers have been pulling back and making new adjustments to the terms with the api access to developers and whether or not they can make enough revenue to cover the running costs is a question for twitter then the carmaker, you can see, we have a chart up for so long, especially with the twitter deal hanging over it which really struggled to perform it did turn. things started to turn just in

the last couple weeks. that, perhaps, is providing positive momentum to musk as well >> this is probably the most important part of his empire looking after this is an item number one pon the agenda for rim. before we head out, let's look at u.s. futures the hand over from asia and europe is negative we had a negative session from wall street on friday although for the week the indices were up this is the picture leaning negative that is it for today's show. i'm joumanna bercetche >> i'm arabile gumede. "worldwide exchange" is up next. why are 93% of sleep number sleepers very satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side... your sleep number setting. to help relieve pressure points and keep you both comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. shipstation saves us so much time

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i screwed up. mhm. just like that i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

it is 5:00 a.m. here at cnbc global headquarters. here is the top "five@5. we begin with stocks kicking off the week in the red after the friday blowout jobs report investors are waiting for more hawkish comments from jay powell tomorrow. one bank is not waiting. goldman sachs is out with a new note over the weekend that should make at least some of the bulls happy. and breaking news. dell adds its name to the list of companies cutting jobs. the search continues for debris after the u.s. shot down a chinese spy balloon over