craig melvin: that's all for this edition of dateline. i'm craig melvin. thank you for watching. good morning and welcome to "street signs." i'm joumanna bercetche. >> and i'm julianna tatelbaum. these are your headlines. european markets shrug off disappointing pmi data in france and germany. where business activity contrasts at the biggest pace in three years and european yields drop off sharply. the 10-year treasury yield in the u.s. nears a 16-year high

has investors bracing for a potentially hawkish message from jerome powell ahead of this week's jackson hole summit. nvidia pulls back with options traders eyeing potential double-digit moves in either direct on the back of its highly anticipated earnings report due today. and the republican party confirms its lineup for tonight's first primary debate with one notable absentee as donald trump says he will surrender to authorities in georgia on charges of trying to overturn the 2020 election. ♪ well, good morning, everybody, and welcome to "street signs." we are just getting some key data for the month of august for the year. now we just got the flash pmi numbers. those came in much lower than where we were back in july.

the print for july was 48.6. the composite number for august is 47. a 1. drop aggregate versus where we were in july. let me break it down. flash services is now in contractry territory, again, showing a drop from where we were back in july. we've dropped almost two points in the services numbers. the manufacturing prints came in at 43.7 versus 42.7 in july. so what we have seen is the manufacturing side of things has shown a marginal improvement from a very, very low base where we were back in july, but services have really started to be disappointing to the downside. up on the screen you can see the reaction in the euro, a negative reaction, down 0.2%.

bunds, 10-year bunds are down. for the whole the aggregate flashes are down. you have to think they're watching it very closely. >> you're spot on. ecb hike in september, we were at 0% before that german pmi data came out this morning. so obviously investors are looking at the data in play. they suffered its steepest decline. the august pmi fell to 44.7 while services contracted for the first time in eight months. the manufacturing number came in at 39.1 in august in contraction territory. meanwhile france's services sector contracted further in august with the flash pmi at

44.7. still well below the 50 mark which separates growth from contraction. let's welcome in our guest to the program. chris, always a pleasure, especially today as the market reacts to the pmi numbers out of the eurozone. pretty disappointing stuff. what specifically is going on in germany, and are the numbers as bad as they seem? >> well, what's happening in germany is quite a broad-based answer now. we hear lots of references to the fastest decline for three years since 2020. if you exclude the pandemic lockdown months, the comparisons sounds a lot bleaker. the eurozone is contracting at the fatfastest rate since 2013. germany, fastest rate since 2009. so these are really bad numbers now.

so you've got to go back to the debt crisis and growth financial crisis to see the downturns of the scale with germany now leading the decline. its manufacturing sector is in all sorts of trouble, facing a downturn in global demand at the forefront of the goods expenditure as well as the stock that's been hit hard by that. but the big news this month is the extent to where the service sectors are joining in the downturn. they've been the pillar of the year. that's faded. >> what can we expect in terms of a recession? >> well, you're looking at third quarter decline in gdp in germany. the pmi on its own is signaling a contracted rate in august. it's more modest. there was a 0.2 decline in the third quarter, but that rate is

accelerating. it could in september lead to worse figures. >> talk to me about what you're seeing on the demand side of things, chris. last month you were talking about a lot of external demands. how did that transpire into august and how is that impacting what we're seeing in services today? >> yeah. so both foreign demand and domestic demand within eurozone economies, i think one of the interesting aspects is if you look at the eurozones outside and fronts of germany, that had been a big area of strength as we saw lots of demand for tourism to the likes of italy, spain, really seeing a tourism boom, tourism spending for the first time since 2019. even is enjoying their holidays.

we've been warning it doesn't look like it's got legs. it's going to be thwarted by the increased cost of living as high interest rates continue to take its toll. that's really exactly what we're seeing now. it's being felt most in the likes of spain and italy, i think, but also the bigger pullback across the region, so germany and france also seeing their consumer services areas being hit hard. now, in germany also, huge industrial country, of course, there's a lot of services very closely correlated and they're also feeling the track as well. so it's becoming quite broad-based. >> chris, before you came on, we were looking at the composite number. we were saying the ecb will have to be watching this very closely. to what extent do you see it as on the back of the tightening that the ecb has delivered thus far? >> it's difficult to disentangle everything, of course.

when they complete the questionnaires, they do give us a reason for the cause of the change, we're seeing increasing numbers of companies across the board saying this is the pain being felt due to cost of living across the board and a dump in spending from their clients. so it does look like it's taking an increasing toll, this hike in policy rates coming through and also the specter of more to come is clouding the outlook and causing more uncertainty and dumping the demand. that's what they're supposed to do. the whole point of interest rate hikes is the demand. that's what we're seeing, albeit with a bit of a lag. what we could argue is that in the spring you saw really sort of a false ray of strength with this tail wind from the pandemic lifting growth in that service sector. this doesn't look sustainable. this is going to peter out because of those interest rate hikes, and that's what we're seeing now. >> chris, what is the outlook for production going forward?

we spoke to the demand side of things. again, one of the other features that showed up in prior numbers is there had been a backlog and many european companies had been working through the backlog. that was one reason it was supported. how does that look like going into the second half of the year? are they there or hlargely gone now? >> you eat hopestart to see gro as they start to rebuild. the backlog situation is one that relies on it to some extent. there's no real signs of that yet. what we want to watch for is that inventory cycle. when does the restocking reach a peak and start to pull back?

we're seeing some signs of that. this is a glimmering hope that the manufacturing cycle could start to turn by the end of the year. we've had a false start in this area as well earlier in the year. so it's not conclusive yet. we're not convinced that there is any signs of manufacturing turning around any time soon. >> i guess that is a good place to leave it then unfortunately with that not very glimmer of hope that you've given us toward the end of the breakdown. thank you for your analysis on the show as ever. really interesting numbers to digest. chris williamson. despite what we were just talking about, these flash pmi numbers surprisingly to the downside, we are a little bit buoyant. we have all these indices trading in the green. it's broad-based. they're all trading higher. the xetra dax is up.

that positive momentum that's coming through the asian sector is increasing. in terms of sectors, this is what we have. leadership up at the top is coming through at a short leap. we should see that in a moment. the defensive parts of the market are the sectors leading today. 1.6% higher for that part of the market. real estate up 1.3%. again, most of these are relative defense sectors. on the flip side auto is down and oil and gas is trading around flat. we're keeping an eye on the spot space. it seems to be coming to an end. but a lot of focus today on the european yields after those pmp data points came out.

we've rallied three basis points on the session already. the high point was in march of this year, 277. since then we've come down around 20 basis points. we had been moving in higher yield numbers, but the numbers to the downside, which has led this big rally in fixed income. ten-year france sitting down. interest rates now about nine basis points lower than where we were before these number came out. as for a look ahead to the u.s. session, this is what we have lined up today. all of the majors are opening up in positive territory. we're looking ahead to the jackson hole symposium and chairman powell from the fed will be speaking. today in terms of earnings all eyes will be on nvidia. those earnings will be key to watch for the sector. thomas barkin says there are

signs of a re-acceleration scenario that could force the fed to adjust its monetary stance sooner than expected. he did not think the fed tightened the financial conditions too fast. he said it appeared appropriate off the back of the financial data and higher rates. hecht e let's look at where the 10-year stands. in terms of equity markets, it was as if overall subdued session with a few notable u.s. retailers reporting results. we'll get you a look there. we have the nasdaq inching ever so slightly higher, the s&p and dow jones ending in negative territory. we also saw some pretty significant action in the banks. shares of several u.s. banks fell a day after ratings agency

s&p global followed moody's. a risk area we've been highlighting many times throughout the year. now, in the retail space, macy's shares plunged 4% as the retailer warned they'll be cautious the rest of the year. year-on-year revenue fell and left its trimmed annual forecast unchanged. joumanna, i think for me yesterday, the news we got out of the u.s. retailers was most notable. you heard there what we heard from macy's, essentially warning that the consumer is looking weak. they're expecting a weak holiday season and perhaps most interestingly, they're seeing a faster than expected rise in credit card payment delays. so clearly they are seeing some impact from the higher interest rate environment. >> the other phenomenon i thought was quite interesting coming out of the u.s. retail

season was the lost inventory, what they call shrink. shrink is essentially theft. so when you have inventory, you leave your retail without it being paid for, i. echlt, theft. it's a pinch some consumers are feeling and it became a big t topic on many of the earnings calls. levels of theft have been elevated. dick's sporting goods traded less on the same phenomenon. it's having an impact on all the retailers. beneath the service at the headline level, the retail services are strong, but if you dig below the surface, you see the theft and rise in credit card payments, it's a rise in discretionary. >> i think it's spot on. the numbers have been spot on. if you look at macy's, the stock

plunged 14%. it was about the guidance and the discouraging outlook that the ceo put forward. the other thing that's come out through retail reporting this season is the focus on cost-cutting. that's how a lot of these companies have preserved margins and preserved operating performance. target, they've seen inventory efficiencies low. dick's talking about job cuts. but the stock lost a quarter of its value yesterday. >> it's remarkable, the reaction from dick's. it's definitely quite telling when we think about the state of the u.s. economy and the fact that the macro data is holding up. but, again, there are warning signs beneath the surface. speaking of warning signs, i just want to also flagabout a c

with germany. the mood on the ground is actually a lot more negative than what these numbers are describing at the moment. there's a lot of concern in germany about the fast finances deteriorating, insolvency rising. these are all indices that we track. so thank you for writing in. these are, of course, topics that we talk about a lot on the show. if any of you else want to get involved, you can tweet us. you can tweet us on the platform x, formerly known as twitter. and also coming up on "street signs," nvidia shares the climb from the record-high, but traders still expect an outsized move of the stock in either direction as the chipmaker gears up to discuss second quarter earnings. we'll discuss more after the break. featuring built-in absorbency that washes easily in the machine.

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welcome back to the show. well, there is one stock and one stock only we're all watching out for today, and that is nv nvidia. the shares of the semiconductor fell from their record-high amid

market weakness, but they're still bullish as it brieprepare discuss its second quarter earnings today. revenue is expected to jump 67% year on year, according to definitive estimates boosted by demand for ai chips, and wall street is expecting the company to forecast higher revenue growth in the third quarter. it just feels, arjun, like so much optimism is already baked into the stock after what we had the last quarter. >> expectations are massive. the market is expecting it to jump 300% year on year. it's not just about the june quarter but about the forecast, which has become critical to the tech companies. the market is expecting revenue to double in the second quarter, eps to more than quadruple in september. when we're talking about expectations, they are high. this is a stock that's traded

very high. any kind of miss, any kind of whiff of potential disappointment ahead, any kind of roadblocks in terms of supply con extracts or the ai boom not being as boomy as we thought could really set this stock back, but also nvidia could be seen and taken as a broader, i guess, bellwether, on the semiconductor space and tech space. so any downside of nvidia could actually ripple through to the nasdaq as well. >> the destiny of the other stocks in this space is pretty tied to nvidia at this point. >> i think so. to a large extent, any kind of hit around the confidence of nvidia could flow through. that's because the expectations are high. there are notes of what the markets are looking at. the data center business is going to be the biggest business this quarter. the markets expecting the

revenue to double year on year to 7.69. this is where nvidia is gaining a big foothold where they're using the graphics processing units in the data center, able to train the massive ai models and chat gpt. >> it used to be the gaming companies. >> it began with the high-endgaming companies. up 17.5% as well, which is not bad given the fact that the broader pc market has slowed down. the gaming market is seeing some headwind. the gaming and data center business are going to be two of the closely watched businesses this quarter. >> cement. arj, thank you. stay with us. i've got one other story to ask

you about. there are concerns over companies in china. four different funds are sounding the alarm. one quarter of the revenue comes from china warning that it's particularly susceptible to economic risks. arm is expected to list at 60 to $70 billion. you were here yesterday talking about arm's listing and we raised the issue of whether investors were concerned about the china exposure. is there anything new that investors have gleaned from this ipo filing that's come to light in the last 24 hours? >> i've had a bit more time to read this several-hundred-page prospectus. first, arm takes in about a quarter of its revenue from china. it's an independent company. arm has no direct oversight of

it, and the company has also said it has had issues in the past of obtaining timely info from arm china, of late payments from arm china. those are a couple of risks. thirdly i would say the geopolitics, the continuing u.s./china rivalry, export provisions, rivalry from homegrown companies in china, and increasing fragmentation as apartment puts it of the semiconductor space given the geopolitical aspects, those are the terms that arm has on the exposure from china. >> it seems hike they're going to have quite a difficult time trying to convince people that that exposure is manageable given the state of the tension between the u.s. and china right now. >> it's a broader one for the chip sector as well. if we look at nvidia, that's a company that has exposure to china. it feels like given the ipo and

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welcome back to "street signs." u i'm julianna tatelbaum. >> and i'm joumanna bercetche, and these are your headlines. the contraction in european business activity deepens even further in august, falling at its fastest pace in over three years. the 10 year treasury yield nears a 1-year high as resilience has investors bracing for a rare hawkish message from jerome powell ahead of this week's jackson hole summit. the swiss maker publishes try data for a cancer truck. and options traders are eyeing potential double-digit moves in either direction on its highly anticipated earnings

report later today. today is a big day in terms of the data. we have flash pmis coming through for the month of august, a forward looking indication of economic activity. the eurozone numbers that we got just a little while ago, very disappointing. now, we've got the uk numbers coming in, and we've got a slightly stronger perfect in some ways. you've got the composite pmi coming in at 47.9. that's down from 50.8 in july. so we've gone into contraction territory. the flash services pmi, 48.7 also in con stracz territory, 51.5. the manufacturing sector, even weaker, 42.5. let me correct myself in saying they look a little better. they also look quite weak. we're looking at contraction

across the economy. 42.5 in the manufacturing sector. that is low. in comparison to germany, slightly higher, 39, but still extremely low. in terms of the detail here, we are seeing the fight against inflation that's carrying a herb cost in terms of heightened recession risks. that's what chris williamson had to say. he was on the program about a half hour ago talking about the eurozone. companies are reducing orders as there's a demand for higher interest rates, economic concerns. as we look at the figure, it looks pretty downbeat to e. >> one statistic that's looking pretty shocking, these are the lowest numbers since january 2021. you know where we were in january 2021? right in the middle of lockdown, not able to come to work. this is how bad the situation was. then there was a reason because, you know, people were effectively not able to go to

theirs a s aoffices, to factori produce things. this was a reason the economy was expecting so many headwinds. now you fast forward it on 2 1/ years later and it's shocking that these numbers are still muted. >> shocking also that we're still in a rate hiking cycle, and i think you've highlighted this point so many times which seems to me the crucial point for the bank of england. yes, the economy looks like it's becoming more and more stressed, but wage growth is still exceptionally high and extremely problematic. so are they going to be continuing to hike into a recession? arecessionary environment? >> yes. with data like this, you've got to think numbers may be surprising to the downside. definitely something to keep an eye out for. we're seeing a reaction with the pound today as well. well, on to spain, the conservative opposition people's

party has been given the first chance to form a government after last month's inconclusive election. if he does not secede in two months, he'll be given another opportunity. if that fails, spain will head to the polls once again. what's interesting when we were covering this a month ago, it's not clear cut. they still don't have enough votes to carry an absolute majority. they need 175 seats in a parliamentary total number of seats of 350. they only have about 272 if you take into consideration their alliance with the far right vox party. so most analysts say he will not be successful in getting right number of votes to get the absolute majority, in which case it looks like it will fall on

sanchez to try to get enough numbers together on the other side. >> it does seem like the analyst community is now tilting toward pedro sanchez having a better chance of simply remaining in his post. >> the big development last week, you may remember from a couple of years ago, actually 2017, when there was the whole cat hone ya separatist drive. he was the leader of the party calling for that succession. he's now in self-imposed exile. five days ago they said they would be willing to partner up if they gave a few concessions. so that was a big boost to sanchez. people are saying he may have a better chance of actually acheebing that majority and returning back. >> so maybe a gamble that will pay off. >> we'll keep a close eye on that. it's day two of the summit in south africa with the war in

ukraine on the agenda. xi jinping skipped his speech without explanation. it took aim at the u.s. the brazilian president argued the aim of the bloc is not to rival the u.s. president xi vowed to boost hikes with the nation of south africa. >> translator: we've always believed that china and south africa have emerging markets with significant influence. we need to be global partners in upholding global justice. we need to strengthen strategic collaboration and promote the expansion of the representation and voice of southern countries in global dpov nance. >> we're very happy to have arabile gumede with us once

again. we broke down the brics nations and how far we've come. what was achieved if anything from the first day of the summit yesterday? >> if anything, you could tell there was actually a bigger split between the nations actually and they don't have one clear goal of what they're trying to achieve, and that is a key problemlet since inception in 2009 of br brics in 2010, they've not acheeshed one distinctive goal. they had the likes of da silva saying they would love to have people like argentina into the brics fold. that would be beneficial for them. on the one hand, they say don't do it too quickly because, one, we want to organize ourselves, and we don't aim to compete with the western institutions like g7, g20, or the western united states.

if you expand too quickly, you could influence the remaining parties in the brics fold. you have that conversation happening. on the other side you have russia and china saying in order to increase their friendship, they would like to have more members into this fold as well, the likes of saudi arabia, iran also being quite significant for them. it means gee o politically they could gear up. you can still there are still diverging views. south africa has always maintained they want to stay in the middle. india says, we have issues as well. there have been situations of near war, and so they're trying to find a way to sort through that. so coming together to find one sustainable issue at play hasn't seemed to come to the fors yet.

>> arabile, thanks for giving us the breakdown. the republican primary campaign heats up as we count down to tonight's first debate. we'll look at what to expect after this first break.

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welcome back to "street signs." the republican party has confirmed the final lineup for tonight's first primary debate with eight candidates set to take the stage in a bid to gain momentum for the party's nomination. trump has said he will not attend the debate citing his lead in the primary poles, saying people believe he was successful as president. he's already recorded an interview with former fox news host tucker carlson, which is due to air at the same time a the debate with plan to surrender to authorities in georgia tomorrow where he face 13/charges over attempts to overturn the 2020 election results. brie jackson joins us now from outside the fulton county jail in georgia. brie, walk us through what we can expect from the former

president over the next 48 hours. >> reporter: so what we can expect over the next 48 hours is former president trump making preparation to turn himself in here at the fulton county jail behind me. he's expected to surrender, turn himself in, and bebooked on thursday. we've already seen some of his codefendants come here to the fulton county jail to surrender. that includes john eastman and hall. eastman is known for allegedly orchestrating the fake elector scheme. that was the plot to keep trump in office following his election loss. meanwhile tonight's debate in milwaukee, that's going to be a major test for former president trump's republican rivals. one of them is really going to try to break through and try to grab the attention of republican

voters as they're all fighting for that nomination. the former president had already announced he planned to skip the first two debates citing his major lead in the polls there. the fulton county sheriff's office says there will be a hard lockdown in this area when former president trump turns himself in, and that is expected to happen on thursday. >> brie, thank you so much for the rundown. we look forward to your coverage that is coming up outside of that county jail. now, former president donald trump is still clearly the front-runner in the primary polling. according to real clear politics, he holds a more than 40-point lead over his nearest rival florida governor ron desantis. we're joined now to help us prepare for this first debate due to take place this evening stateside. cameron, what will it take from one of these other candidates to actually get a boost in the polls and break through to compete with the former

president? >> well, it's going to take a lot. the candidates on the debate stainless tonight in milwaukee are cumulatively bringing in less than a majority of the support for the republican electorate. governor ron desantis is the first at 4% according to "morning consult" tracking followed by vivek ramaswamy and mike pence, the rest at % or less. trump has a clear 58% of majority at support. he is far and away the undisputed front-runner. the fact that he is not going to be on the debate stage tonight probably presents more of a problem or a challenge for these other candidates than it does an opportunity. but, you know, whether they can make a leap in the polls or not will kind of depend on how well they manage that situation. >> cameron, before the last few

months or earlier on anyway before he actually hi announced he was running, ron desantis was billed at the biggest threat to donald trump, and, yes, he is still number two in the race, but by -- former president trump has a very wide lead over him. where has he faltered? where has his campaign gone wrong, and what would it take from him to make strides tonight? >> well, i think there have been a few issues with his campaign, some on the organizational front, the way he's decided to operate his campaign, main hi out of a super pac rather than a campaign apparatus that's caused some problems. obviously from the beginning, his campaign kind of got off to an auspicious start with that kind of wonky introduction with elon musk on x, then known as twitter. there were a lot of technical

problems with the feed and a poor narrative. i think the biggest issue for ron desantis, he was supposed to be this alternative to trump and he has not really taken on trump in any significant way. he most often defends the former president's behavior or kind of legal troubles. you know, he kind of just looks like kind of a trump-like sort of situation what we've seen in our tracking in recent weeks is that vivek ramaswamy has been fitted from this. he's up to 10% in our latest survey tracking, which is up from 1% -- or zero percent when he launched his campaign. meanwhile desantis is down kind of by a similar number. really the high point of desantis's candidacy, it looks like, is before he even got into the race. there's a real question of whether he waited too hong to get in. >> you make some really

interesting points. i want to get behind ramaswamy. first i want to ask you, what is the best hope if you're one of the candidates on stage today. are they all kind of hoping trump actually gets convicted because of these indictments and they end up becoming the de facto front-runner because trump will become convicted? >> as for the debate stage tonight, i think the expectations are a little bit different for those candidates like desantis or ramaswamy. what success looks like is maybe taking a lot of the polling support that all of these other candidates have on stage and kind of just, you know, starting to build that coalition while still representing the minority of the gop electorate at this point would provide the kind of plat fom to kind of go on and try to chip away at trump's grip on that majority of voters. for some of these other

candidates who are polling at 1% or 3%, i think any momentum, they would consider a success coming out of this debate. you know, it leaves the big question, is there anything that these nontrump candidates can do to win based on a number of outside factors, but i think it's hard to look at the gop primary picture at this point and see anyone other than former president trump being the nominee in 2024. >> yeah, but to go back to what i was saying, unless, of course, he ends up being convicted. there could potentially be jailtime consequences, house arrest. all of these are hypothetical, i understand. we have to see how the trial plays out. in that situation, if you were the number two in the race, then surely that must be an outcome that you have to be thinking about going into the elections neck year. >> it's definitely something that i'm sure these candidates

would love to see down the road, you know, however, a recent "morning consult" survey shows that about 80% of gop primary voters say they would still vote for donald trump in the 2024 primary election in their state even if he has been sentenced to prison in relation to trying to overturn the 2020 election results, so there's definitely a lot of true believers in the republican electorate. you know, i think even -- we can't rule out the possibility that trump stays in the race even in some really crazy legal scenarios. >> let's talk about ramaswamy. he's been picking up momentum, some of the momentum that ron desantis is losing. what's going on there. why is he gaining so much momentum? >> as we've seen for a few cycles now, there's certainly an

affection within the republican electorate for outsiders and people who are not regular politicians. it's certainly helped fuel trump's rise in 2016, and, you know, we've seen other maybe more candidates in modern times enjoy early support from republican voters, you know, ron paul for example would be one. you know, compared to other people in the race, ramaswamy is not a politician. he has held an elected office. i think that kind of already gives him something of a leg up to gop primary voters who, you know, mostly are distrusting of the party establishment and elected leaders and political leaders in general. i think that's a large part of it. in addition, i also think that ramaswamy has done a really good job getting media coverage and generating clips and headlines from his statements, and i

think, you know, when it comes to a primary electorate, it's all about the attention economy, and he's done a pretty good job kind of controlling the news cycle. >> cameron, on the point about the news cycle and the importance that news networks have in the election outcomes, it's a very different ball game this time around versus 2016. we've got tucker carlson no longer at fox news, and tonight nbc understands that the prerecorded interview that former president trump has done with tucker carlson due to air at the same time, where do you expect fox and the other typically more strish news networks in the u.s. to focus their coverage in this and how could that impact the outcome? >> i think as much as things have changed, it's truer that things have really stayed the same. trump continues to drive

headlines in a way that no other republican presidential candidate even comes close to, and, you know, with his plans to turn himself in tomorrow related to the georgia indictment, the fact that he's not going to be on the stage tonight despite many, many questions being asked about him and the fact that, you know, the other candidates in the race haven't really figured out a way to talk about trump in a way that kind of benefits their own campaigns. it suggests to me, you know, that this is really kind of just more of the same, donald trump dominating the media narratives and as a result, dominating the race. >> cameron, thank you very much for joining us and talking with us today. going in for quality or chasing hot stock trends, what is the most profitable play for

investors right now? these are some of the key issues i will be exploring with hannah gooch-peters on today's c nbc's "pro talks." what's great about these talks, if you're subscribed to cnbc pro, you can submit questions. she's an interesting one. she will be talking about their $5 billion global high-quality fund, but what's interesting about their investment is they like to go against the trends. they don't like overpaying for quality companies, which is interesting because we have in individual yea coming up today. steve has been banging on that. does she still see some momentum, values to be had in these ai-related stocks, or is it part of the market they want to stay away from? some interesting stock picks on her list there. i'm not going to reveal them

now, but definitely our pro viewers are in for a treat. they talk about their own philosophy but opportunities in the market right now. >> these pro talks are great because they're full of actionable advice, and they're in contrast to what's on tv, which can be a little more macro. these are actual trading ideas. >> stock picks. >> stock picks, exactly. >> that conversation is coming up at 1:00 p.m. ct, 12:00 p.m. the stoxx 600 yacht performed, gained about 7%. this resilience in equities comes despite the disappointment in the eurozone results we got this morning. we are, however, seeing a reaction in bond markets. here is how yields stand right

now in europe. we've got yields across the board. the 10-year bund trading at about 2.5%. we've seen money market adjustments there, expectations for ecb now looking at a 40% chance of a 20-point basis hike from december. a 60% chance before the german data came out. in terms of single stock movers, there is one name i want to highlight for you. that's roche. we'll get you a picture of that chart. we're having a bit of a technical issue with it. the company in early trade today announced an inadvertent disclosure to a lung cancer drug. they will continue until a final analysis for overall survival has been completed. but as you can see there, we've got it for you. stock is up 4%. investors have reacted to that data, which was released

prematurely. let's take a look at u.s. sessions right now. all three majors are seen opening up in positive territory. we've been talking a lot about the pmi flash numbers that have been coming up for europe and the uk zone, both very disappointing to the downside, particularly led by the services sector, which so far has held up. the u.s. also released their own version of the pmi numbers. that's something to watch out for. nvidia will be the stock name to watch later on today. hopefully you'll all be tuning back in to my cnbc "pro talk" later today. >> i certainly will be. that's it for "street signs." i'm julianna tatelbaum. >> i'm joumanna bercetche. "worldwide exchange" is coming up next.

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"five@5." dc makes the invisible hand look more like an iron fist. shares of macy's and dick's trying to bounce back after historic losses. and artificial intelligence and how it affects demands in chips. we're going to dig into the metrics that you need to watch. and the rate stroc