keep the perfect season alive. how about young haiden deegan down the stretch, showing the heart and desire he gets the first 1-1 of his career and the first of anyone in the 250 class this season to keep his championship hopes alive. see you in new york state in a couple of good morning and welcome to "street signs. charlotte reed is in madrid. france and journ any contract sharply in july as weak global demands send the euro and sovereign bond yields lower. >> spain's summer election ends in deadlock with neither having a clear path to the majority with pedro sanchez and his

challenger claiming victory. >> translator: i can lead and try to govern the victory by accepting the electoral results. >> translator: it's a regression of rights and liberties have failed today u.s. energy secretary janet granholm called for greater oil output as she tells cnbc, there is a volatile environment in energy markets. >> a lot of emotion in these markets and so we have deep concern about trajectories of where things are headed. >> reporter: and the wildfires prompt europe carriers to have the biggest mass evacuation of the country in history

good morning again, everybody. welcome to "street signs." we have such a busy week coming up but also a very busy start to the day as well, namely because we're getting a lot of flash pmi data out of the eurozone countries. we have the flash composite number out of the eurozone let me bring that to you it has come in at 48.9 that is lower than where we were back in june so a little bit of a contraction versus where we were just in the prior months lower than expectations. just to break it down further, the july flash manufacturing pmi number had come in at 42.7 that is versus the 43.4 number that we had back in june. the services has come in at 51.1 estimate -- estimate has come in at 51.1, again, lower than expectations of 51.5 but lower than june trend of 52 so we are

moving in the wrong direction. earlier on we had the numbers come out for germany and france also showing a worsening of the situation over there as well just to give you an idea in france, the pmi manufacturing number is the lowest since the start of the pandemic. in germany the overall number is back in contraction nair ri since the first time in january. you are seeing an impact on the euro that is one of the reasons why the currency has fallen to the tune of .4 of a percent. on thursday we have the ecb meeting. all of the data, the weakening backdrop is going to be factored in to the ecb's decision making as the market price stays. let me take you to our main story for the weekend. spain's snap summer election has ended in deadlock after the conservative people's party and the coalition leaders failed to clinch an expected majority. alberto's center right narrowly topped the polls in the

country's general election on sunday leading with 33% of the vote prime minister pedro sanchez's socialist party claimed 31% of the vote even though pp had a central majority they do not have an absolute majority. but the conservative's preferred partners the right wing vox party fell well short leaving them with an uphill task incumbent president pedro sanchez and his ruling socialists also face a difficult task of forming a coalition leading leaving the country on course for a re-election let's get out to charlotte the far right vox did a lot worse. the question from here is what happens next given there's no absolute majority in government right now?

>> reporter: no, and that's the million dollar question here, joanna as you were saying, a surprise, the blue wave we saw in the original election with the central right taking it from the social elite, that didn't translate. yes, the political fallout of the central right party, they have set themselves a target of 150 seats they were hoping to reach and they reached 130 seats. the far right potential coalition, vox, has lost many seats. that's one of the key lessons, vox had earned 52 and they're down to 33 they have lost the far right momentum that was one of the keys the rest of europe as well pedro sanchez, big gamble for him after calling a snap election the election was supposed to be in december and he called it early.

trying to catch some of it for his own party to actually gain seats there and they went from 120 seats to 122. he comes out stronger after this however, some of the partners, regional and nationalist parties have lost momentum in this particular situation with smaller regional parties from catalonia have lost some seats but even more important for him to potentially reach this magical number of 176 seats. so we are in a bit of a deadlock here long negotiation and talks will be going on. as they hold the leader of the center right party, coming as a top party in this election, he should be the one trying to form a government >> translator: our obligation now is to avoid a period of uncertainty.

s spaniards have put their trust in the party the candidates of the party that has the most votes, i think my duty is to open the dialogue so i can lead this dialogue and try to govern our country by accepting our victory and the electoral results. >> reporter: now, again, pedro sanchez coming out stronger. they make between 1 and 2% of the national votes are hugely important to him a lot of his parties had said before the election that the price would be very deep we'll see including some of the pro independent national parties. we'll have to see what their demands are. the catalan leader is reporting exile. it could be quite con throw versal here. they meet in august and the king

will meet with all the leaders of the different parties and ask one of them to form a majority if they fail to do that, they have a couple of months to do that, then he can ask another leader to form a majority. if that fails, they would have a second election. the most likely scenario that's what happened in 2019 already. you remember in april there was an election, no one reached a majority they had a rerun it was the first time ever fragmentation and polarization in spanish politics. the big two parties. the socialist and the pp the dynamic has changed. turnout was good even though it was held in the summer holiday and a heat wave. there was a lot of vote. the left wing block mobilized despite beating the odds here. still a lot at stake we are in a deadlock still open what comes next a bit of instability.

>> the historical context is different, charlotte as you mentioned, the spanish voting electorate are not immune to deadlock situations this has taken markets by a bit of a surprise. the ibex has pulled back 1.14% european sectors, the spanish sectors don't like the lack of certainty about what's going to be happening next. let me switch over and break it down for you by some of the names within the ibex. here you can see the key banking stocks are pulling down today. bankinter down and a lot of these names are being dragged down again by uncertainty. the lack of clarity about whether the economy is going to head in a direction filtered towards the right or the left. again, the uncertainty is hanging over these companies utilities as well also seeing it

pulled down lower. down .8 and also down half a percent as well. a bit of a mixed reaction. overall the reaction has been quite negative in terms of spanish yields, we are seeing a bit of a bounce here the yield for the 10-year bond is down 3.4. so about 4 basis points on the session. two year at 3.4% as well down 3 basis points as well. ultimately they have the pmi numbers for about a year that's instigated the rally. charlotte is still with us talk us through the potential economic rahmifications of whether we end up in a number that is a continuance si government versus a shift in government to the right. >> reporter: well, look, the fundamentals of the spanish economy is quite positive. for pedro sanchez, his record

has been quite positive. last year it was expected to be 2.3% this year inflation is finally under 2% in spain. unemployment, still high below on spanish standards some of the numbers have been starting to come down. the question is, what does that mean going forward the short term, we don't expect the big impact on the spanish economy. it's been hammered by the financial crisis in 2008 they've worked very hard and very deep on transforming the spanish economy. it's won heavily 11% of the spanish gdp is on tourism. they had a big impact. we're finally above big pre-pandemic levels here still a lot of work to do in the fabric of the spanish economy. certainly the dynamic is positive now we see a key like our previous guests were saying is uncertainty. we might have weeks or months of uncertainty going ahead. it is the long term and what is the question mark.

what does that mean? banks, the windfall tax. the left wing coalition call a windfall tax on banks and energy companies. the center right party was seen to be ahead in the court a lot of people expected in in the center right government. that looks very uncertain. the center right candidate, he was not wanting to scrap it altogether but certainly he was going to reduce it a little bit. now this is open whether he will take part or not that's impacting the banks this morning. like one of our guests were saying, a lot of investment decisions have been put on hold. we need to see where things go for the next few months. it's not a couple of months. we could have another election in autumn and we might look at christmas and the budget from

2024, now there will not be any budget there has to be a reduction of the budget reduce 123. all of this is in play for the next few months and potentially with another election around the corner. >> excellent thank you very much for the overview now business sentiments in the eu has taken a turn for the worse coming in weaker than expected in july the flash composite pmi for the eurozone came in at 48.9 that is a full point down from june and for the reuters expectations factory output in the bloc fell at 42.7. german and french manufacturing numbers all came in well short of expectations. on the back of that, we are seeing some downward movement in european forces today with the exception of the swiss index the defensive index, every

single one is trading in the red. the ibex is down 1.1%. the xetra dax is down marginally trading in negative territory. within germany the pmi number is back in contraction nair ri for the first time since january kaka rant sitting at 7,400 some of the luxury names are calling this index lower that's wibeen a consistent them. the ftse 100, the pmi numbers at 9:30 watch out for that we continue to keep a close eye on the macro situation with those inflationary numbers that came through last week in terms of the euro, the reaction was negative as we spoke about earlier. we've seen a dip in the currency .4 of a percent.

1.1080 just a couple of trading sessions ago finally let's switch over and look at european fixed income. no surprise because of the weakness in the pmis, we are seeing a rally 106789-year bund 3 points lower let me get out to chris williamson, the chief business economist for s&p global market. wonderful to have you with us. the first question i want to ask you is whether the numbers we got today can actually still be consistent with positive growth in the eurozone? >> good morning. no, these are consistent with gdp 4 and the eurozone as a whole and the major economies, germany and france both of those economies seeing steeper declines, the eurozone as a whole, which suggests the periphery is holding things up it's still mild. it's 0.1%

it's moving in the wrong direction. if you think the headline output numbers are bad, dig down, look at the new orders and it's far worse. it looks like the demand environment is deteriorating >> let me take you up on that point. where is the deterioration coming from? is it domestic new orders starting to dwindle or is it coming from abroad and notably china in this case >> it's both it's both. it's looking at sector there's a very deep downturn barring those initial pandemic lockdowns, this is the steepest we've had since 2009 they're suffering from a pull back in demand globally. china's recovery and it's as strong as has been hoped that's not happening at the same time, domestic consumers, the cost of living crisis and there's been the

switch of spending from goods to services post pandemic therein lies the other signaling in service sector demand activity is fading in fact, july saw the first lowering of new services that big growth we've seen encouraging news from is fading as well. >> bit of a red flag wonder whether the ecb are looking at the data that we've seen on thursday whampt about cost pressures what are we seeing on that side of things? in june we got strong signals that some of those price pressures had started to diminish is that still apparent in these numbers? >> across the board the general message is inflation pressures are falling as fast as they rose this is quite another month with inflation pressure easing. there are some pockets of sustained inflation pressures. germany, for example, we saw

stickiness in the service sector, but generally the main indices of input costs of companies are falling at an encouraging rate consistent with cpi inflation down to around 3% by the end be of the year. this is really quite a marked downturn a lot of discounting going on. this unwind we've got, excessive baiting and downturn in final demand companies just across the board now struggling to push price hikes through. a lot of disinflationary forces becoming apparent. >> we talk about disinflationary forces we talk about the demand picture looking very weak. there's one missing part of the puzzle which is a very important one. what's happening on the wage pressure front >> so that is where we've got the stickiness, really service sector costs are dominated by wage pressures. it's not surprising to see those wage pressureskeeping those.

the slowest rate of service sector inflation for 2 1/2 years. it is starting to unwind the ability to get the pay rate higher coming down as the labor market cools so the jobs growth we've got here is coming down quite markedly very modest jobs growth now. not so long ago the service sector was seeing record unprecedented jobs growth in this survey but that's falling away now only very modest growth now. that is going to feed through to negotiations this side of it stickiness is going to start fading through. >> it does feel like disinflation momentum is picking up steam let me round out by asking about sentiment overall. how is sentiment looking ahead we spoke about the weakness coming through on demands and new orders how are businesses doing about

things >> the surveys have a forward looking subjective pressure. it will be in a year's time, not surprisingly that's come down sharply again. down to the lowest so far this year companies are really reining in their expectations how busy they're going to be citing the hiking interest rate environment, the increased cost of living as well as the increased gloom surrounding the economy and this continual talk of recession so the expectations are pulling back that's one of the key determinants of the labor market, of course. with that job growth coming close to stalling really in july it looks like everything's going to be moving in a further weakening direction in the coming months. so real risk of gdp falling in the third quarter. i think the ecb is going to have to be looking at this. they hiked before when the pmis have been in the weak territory, 2008, 2011, but both those times

those hikes were very soon reversed. >> yes how can everyone forget the famous interest rate hike out of the ecb. chris, that's a good place to leave it thank you so much for joining me today and helping me make sense of these numbers and also coming up on "street signs", wildfires spread across greek islands residents and holiday makers are forced to evacuate we'll have the latest after the break.

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welcome back to the show g20 energy ministers have failed to reach a consensus on cutting carbon emissions members failed to see eye to eye on plans to triple renewable energy capacity by 2030. they also disagreed on the need for them to mobilize to 100 billion annually jennifer granholm said it is critical to move to sustainable

aviation fuel as soon as possible. >> bio fuels are necessary whether it's sustainable aviation fuel or whether it is other -- obviously ships, so we want to make sure that there is a number of -- there are a number of countries who are looking at solutions to that, and that's what the global bio fuels alliance is. liquid fuels coming from organic matter and ultimately you're seeing sustainable aviation from the united states is the goal here we want to get 3 billion gallons of sustainable aviation fuel by 2030 and 35 billion by 2035. that's a lot we want to make sure we really move in that direction very quickly. so the bio fuels alliance gets us both partners, research, development. >> the final question, secretary, is president biden's climate change agenda at risk given the u.s./china rivalries

playing out now? >> no. i think that china and the united states are the biggest emitters in the world. china and the united states and all these other countries, their citizens are feeling the impacts of these extreme weather events. citizens are not going to accept whether they're in china, india is experiencing the same thing, they're not going to accept countries, leadership that does nothing when they are feeling it every single day china feels this, too. they've invested a very large amount in renewable energy but they're still investing a lot in fossil fuels as well we quantify an oasis with china in this clean energy space that will have clean energy there and in the united states and we think we can do that. >> what's america's message to cop 28 >> the message is we have to do

everything everywhere all at once, deploy, deploy, deploy clean energy because if we don't, our planet is on fire. >> the secretary general of the international energy forum told cnbc that the global net zero agenda must be moved forward. >> we need to focus more on making progress. i think previous cops have been focused on perfection, perfection, perfection, perfect solutions. as a result, we're not making as much progress. we finally have a ceo as the cop president and i think we have to focus on making progress on all of these fronts. there's no reason why we of can't be doing more on meth then, more on carbon management and so we need to focus on trying to make some progress and i'm confident that we will. >> and speaking of climate change, greece has launched the largest ever evacuation efforts

moving around 19,000 people as wildfires spread temperatures were 40 degrees cel celsius. holiday companies jet2 and tui have canceled all of the flights. they have, instead, flown empty planes to help british travelers return meanwhile, ryan air is continuing to help with travel with easyjet adding additional flights back to the u.k. we're joined with more a herculean effort to evacuate a lot of travel goers, many british travel goers sitting stranded at the airport. we saw the images of them. talk us through the ramifications of what's been happening with the airline companies and some of the difficult decisions they've had to make. >> a lot of the people stuck in rhoades are saying we don't have to help to get out

the likes of easyjet, as you mentioned, have put in two extra flights. repatriation flights an extra 421 people can be collected. you have 19,000 people that have had to be rescued off this island at peak 150,000 visitor on rhodes island. it's a popular british destination spot in a time like this you're going to need a whole lot more than the two repat treeation flights. this is in addition to the nine flights that the likes of easyjet already operate between rhodes island. they're all canceling flights to rhodes island for the next few days the temperatures have reached 45 degrees and plus over the last couple of days on the 18th of july, in fact, we saw the temperatures hit those

margins and get even worse you even saw wind reaching 49 kilometers per hour which has complicated the efforts to try and bring these flames under control. that's a front slovakia, romania, italy are all trying to help six people have unfortunately been treated in hospitals for respiratory problems no rainfall over the next week and temperatures are going to drop from 40 degrees celsius now but it does remain in the high 30s. >> absolutely. as you spoke about last week, very high temperatures are clearly having ramifications across all sectors thank you for that report. well, it has been a busy morning for pmi numbers. we had the eurozone flash pmi numbers come out i want to bring you the u.k. ones that have also fallen to the down side coming in at 50.7 versus the 52.8 number we had back in june

in parallel to the eurozone, the u.k. pmi numbers are slowing down as well the flash manufacturing pmi in the u.k. has come in at 45 it's slowed down to where we were back in june at 46.5. the services number also showing a deceleration at 51.5 versus 53.7 in june this is the slowest pace in six months and similar to what we spoke about in europe. it is very clear that the interest rate hikes that have been introduced by the bank of england are beginning to have an impact on the economy, notably on the services sector that is also what we saw out of europe as well so both of these pmi numbers surprising to the down side. it does tell you that perhaps some of these disinflationary dynamics that we spoke about are beginning to pick up steam and that is something the central bankers will have to be thinking about very closely as well. also coming up on the show, spain's conservative people party topped the polls will it form a government?

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welcome to "street signs." charlotte reed is in madrid. these are your headlines rising rates take a bite out of business activity in the eurozone and the u.k. as weak global demands offset the relief of easing prices sending the euro, sterling and sovereign bond yields lower. spain's snap summer election ends in deadlock with neither bloc with a clear path towards majority pedro sanchez and his challenger claimed victory. >> translator: i can lead this from the first night and try to govern our victory accepting our victory in the electoral results. >> translator: the regression of rights to liberties have failed today. the backward bloc has been def defeated. the dutch conglomerate has

raised we are told the restructuring plans are on track. >> we are improving our trajectory we are focusing on the control abilities and we are focusing on the core of our business where you see we are getting revenues up, getting more supply and more reliability into supply chain. and twitter sheds its feathers as elon musk is pushing ahead with brands to rebrand the network as x ♪ ♪ spain's snap summer election has ended in deadlock after the conservative people party and they have failed to get a majority they led with 33% of the vote but their preferred partners, the right wing vox party fell well short of the expected tally

leaving them with an uphill path of a ruling coalition. charlotte is in madrid and joins us with a special guest telling us what may happen from this point onward. >> reporter: no, absolutely, jomana the blue wave we saw with the center right block taking a lot of the region from the socialist party, that didn't translate to the national level that big political gamble with pedro sanchez calling this earlier rather than expected trying to limit the damage he had after that regional election looks like potentially it has paid off very unclear at the moment how he might go to the center right party hasn't done as well as expected had on target 156 and they reached 130. the central right has lost it compared to the last elections that was one of the key messages here with the far right, losing

momentum in spain. pedro sanchez, his own party gained some seats. coming from a stronger position. some of these potential coalition partners have lost some seats at the moment it looks like no bloc can reach the 176 magical number to reach a majority bit of a deadlock. i have a guest and i'm going to have them decipher this. economics professor at university thank you so much for joining us it looks like both pedro sanchez is claiming victory. who's winning, who's losing? what's next? >> it's too close to call. we have three scenarios. pedro could lead the party the other way, we could see some kind of formula with the conservative party gaining support, even from the socialist

party throughout the country this is the less likely scenario, or we could go to new elections. the three scenarios aren't impossible but i feel like pedro sanchez getting the presidency again is the most likely one. >> reporter: interesting he might negotiate with the smaller regional parties >> he's done it in the past. he will be able to do it again it won't be easy that's why the possibility of going for general elections in november and december are essentially quite possible outcome. i would say those are the two main scenarios, even if people's party has gained support and they are somehow right claiming to win because they won but it won't be easy to form government because of the results. >> a lot of the smaller parties are actually key here. they're regional and nationalist parties from the backcountry and catalonia. they lost seats but as i said,

their support won't come for free what does that mean in terms of policies and what it might be asking for >> i mean, it's hard to tell initially, but they're saying through the campaign that they will try to push the government towards more pro independence policies and to maybe getting the approval for some great referendum on the future of catalonia. we must not forget the bass country will hold elections in 2024 and catalonia as well we'll see those parties, left and right, independent movements, trying to get the necessary support locally from their national positions so that will also affect how this is going to be managed. >> we've seen them flare-up in catalonia like we have in 2017 can that situation become an issue again? >> it's hard to tell

even the conservatives said that that could be happening in the next years if pedro sanchez were to get the support it's hard to tell. we can't say what happened for sure. >> reporter: uncertainty is the word we hear this morning. there were two elections in 2016 there were two elections in 2019 does this uncertainty have an impact on the spanish economy? >> not in terms of growth. not in terms of jobs if you look to the actual data but it has an impact in terms of the opportunity cost if you have election after election, you don't have a clear mandate on the government, they cannot make the reforms necessary, education, competitiveness, health care, stable market, all of that is not easy to be done with governments that aren't as stable, that are from more parties, from different

approaches to economic policy. so it won't be easy too do those things it's not easy and it requires big changes. in terms of the type of reforms you could implement, that's not happening. >> the u.n. coalition has never happened in spain. that's a true scenario >> policies for the dream scenario, it is true if you look to political scientists, research, then you turn extreme left, extreme right to the opposition parties after a draft coalition it's quite common you get a government by extreme left or extreme right governments because that's what voters are looking for, alternative it's not as easy as saying dream scenario if you think about policies and how to make the economy more

competitive in the lodge run, probably will be the true scenario. >> reporter: the need for alternatives, at the same time the far left is maintaining and the far right has not. so what does that mean they want the majority for the main party and it doesn't seem to be supporting the far right and far left >> yeah. i think we see both the socialist and conservative gain seats. we are getting this flavor of return to bipartisan politics in spain but at the same time they are leaving some room at the left and the right for these parties to exist and to polarize the debate that doesn't have the traditional, regional independent movements that have been here for the last 30 years plus these two medium sized parties to say so that aren't generating a new policy that we are used to. we are learning to cope with

coalitions we need to learn and to pass important policies under these polarized parliament. >> the government, tricky for them to see reforms. absolutely thank you. professor at university. thank you so much. jomana, both blocs on the right and left, both claiming victory but it is very complicated likely scenario and we might have a rerun of the election potentially in the autumn. >> thank you for that, charlotte. the context is so interesting as wellpointing to the fact that just in the last couple of years getting used to these types of coalition governments. of course, it is having an impact on the spanish market behind me the ibex is down .6 of a percent though not as weak as it was a half an hour ago. we've pulled back some of the losses, earlier we opened down

1.5% weaker. the xetra dax with the weaker pmis manufacturing lifting quite a lot. in france the pmi manufacturing number is now the lowest since the start of the pandemic. 15 minutes ago we had a pmi number in the u.k. showing quite a strong slip in those manufacturing numbers. the weakest since may 2020 the overall numbers in the u.k. is still above 50. expansionary territory momentum due to what we're seeing in europe is starting to die out. in terms of earnings though, one stock is philips the company is raising since 2023 they're coming in at 4.5 billion euros. we are seeing quite a negative reaction in the stock down 7%. the philips ceo said the restructuring plans are still on

track. >> what we see in response to our performance is people see we are improving our trajectory we are focusing on the controllables which means we focus on the core of our business where you see that actually we are getting the direct result. we are securing more supply and getting more reliability into the supply chain and working and improving the fundamentals of our business and also satisfying the needs in the market because actually health care and that also translates into better multiples and better cash. >> getting used to some of the main ones. julius haer, an 8% profit. management increased and it attracted a new influx in rich clients. the reaction to the stock has been quite positive. vodafone has a 3.7% growth

they saw improvement in key markets in the u.k., germany and italy. that stock is doing quite well s4 capital had cut the forecast for annual revenue growth after seeing slowing demand in the tech sector. interesting. the ad group says it now expects revenue growth between 2 and 4% down from 6% quite a stark reaction there and finally ocado, very strong reaction to the green, to the up side it's doing quite well today. the company and store has settled a three-year international property dispute with a norwegian rival agreeing to pay them 200 million pounds

and switching over to travel news some of the evacuations taking place in greece. we've had earnings out of the likes of ryan air as the company reported 663 million euros in profit in june average fares jumped 42% year on year but the irish airlines lowered the 2023 growth because of expected delays from boeing the ceo, michael o'leary, said the carrier may have to cut prices to boost demand it is those comments that have driven the sector today. there is a bit of an outlook coming through for ryan air this morning. switching over to fx and we are seeing a reaction to the weaker flash pmis that came through. the pound is right behind me dipping down about a quarter of a percent. 1.2820 add to 1.30.

ever since that cpi number, it has started to drop. the euro is losing versus the dollar 1.1075 yields as well, seeing a big jump in some of these bonds today. the italian btp at 102.982 10-year bond is staying also in focus, down 4 basis points looking ahead to the u.s. session -- well, let me just flag what goldman sachs has now named as their conviction buy stock. you can see it on our subscription service scan the qr code now you can find out earnings season is well underway in europe and the u.s it is just getting started in china. check out which names and

sectors hsbc has for growth. coming up on "street signs", the much anticipated barbenheimer films make their box office debut we'll look at how they performed after this break when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free.

welcome back to "street signs. shout out to x elon musk is goingto replace twitter's blue bird logo to x. he tweeted simply x this morning. comes with advertising leverage and with conversations with meta sets up with their own form of social media platforms barbenheimer delivered a bumper weekend at the box office helping north american cinemas turn in their best since april 2019 "barbie" tallied $1.9 million. the highest opening of 2023. counterpart "oppenheimer" had an

estimated $80.5 million. abc news's donna griffin. >> go barbie. >> reporter: in theaters the weekend belonged to "barbie. >> going to see "barbie. >> hi, barbie. >> hi, barbie. >> "barbie" danced its way to 155 million. it's the biggest opening ever for a movie filmed by a woman. the movie about the doll first introduced in the 1950s coming to life isn't just for kids with fans, especially women, of all ages making an event of screenings the. >> hey, we're barbie girls what do we think >> reporter: the hollywood actor's strike cut some promotion, it came after months of an all out marketing blitz with tie-ins from cars to insurance. >> been an astronaut, architect, a ceo. >> the studio even created a

real pink malibu beach house once available on air b.n.b. >> they went all out with the marketing and made me want to see it. >> been charged. >> reporter: part of the explosive box office numbers, the barbenheimer challenge, seeing both barbie and the new movie oppenheimer in the same day. barbenheimer together grossing over 511 million worldwide this weekend. >> it did incredibly well. even better than they were expecting and i am very happy to see a well-made, fun movie break some records and prove that audiences will come out very excited to see it if you actually give them what they've been asking for. >> "barbie." >> reporter: proving that at the box office life in plastic is fantastic. dana griffin, nbc news and markets are gearing up for three massive central bank decisions this week.

investors are expecting a 25 basis points fed hike wednesday and will be signaling the end of the cycle. the ecb is expected to follow suit while the bank of japan is expected tomaintain the ultra loose monetary policy on friday. and a deluge of european companies will report the latest results this week. we'll hear from deutsche bank, volkswagen and mer mercedes. and a quick look at how the markets are shaping up that is it for our show today. i'm jomana versace "worldwide exchange" is coming up next.

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it is 5 a.m. here at cnbc global headquarters and here is your five at 5 we begin with extending gains. stocks kicking off what's set to be a very busy week for wall street in the green with the dow doing something for the first time in six years. and gearing up for the busiest week of earnings season. with more than 40% of the s&p on tap we break down the names to watch coming up. and one week to go investors bracing for what could be the costliest labor strike in a century. between ups and more than 300,000 union workers. plus, kicking off a week long special taking