nobody shut them down. so the greed brought forth this amazing sense of immorality, and it made them feel as though amazing sense of immorality, and it made them feel as though they could do no wrong. ♪ good morning. welcome to "street signs." i'm joumanna bercetche. >> and i'm julianna tatelbaum. these are your headlines. european shrugs off the moody's move as we look to the key u.s. cpi print. and novo nordisk publishing positive results from the cardio

trial. and u.s. president biden and chinese president xi jinping gear up for a meeting in san francisco as janet yellen lays the ground work trying to ease tensions with her chinese counterpart. >> we do not seek to decouple our economies from china. this would be both damaging to the u.s. and china and destabilizing for the world. and uk prime minister rishi sunak sacks his secretary braverman accusing the police of bias against demonstrators. good morning. welcome to "street signs." we have breaking news coming in from the uk political scene in the last 15 minutes. according to various uk media

reports, the home secretary braf braverman has been sacked. the political reporter says there will be a replacement. these are live scenes of cars pulling up in front of 10 downing street. a cabinet reshuffle had been anticipated in the run-up to today. there was speculation that braverman's job was at risk after being critical of the handling of the pro-palestinian mar marches. the uk home secretary has been sacked according to local media reports. >> according to the bbc, they understand this is part of the wider cabinet reshuffle that the pm will use to restructure the people. we know rishi sunak has been

under pressure and the tory party has been losing ground to the labour party . in terms of what else is happening is david cameron was seen to walk into 10 downing street. as joumanna said, there is speculation that there would be a replacement for braverman. speculation at this point, but we will bring you any developments as they come through this morning. joumanna. >> very interesting that the former uk prime minister cameron is walking into 10 downing street. we will bring you more developments as they come in. and there is a lot of green on the heat map. the stiekoxx 600 is up .70%. it ended deeply in the red down 1% on friday. there were a couple of names like diageo was down double digits and richemont as well.

we are shrugging off the news from moody's. they downgraded the outlook. it is significant that more credit agencies are concerned about the trajectory of the u.s. fiscal finances. that is why the u.s. futures is opening up in negative territory. in terms of individual boards, this is the breakdown. every single one is trading in the green. dax trading up .50% after the small rise last week. airbus is in focus up 1.5%. we will talk about that with charlotte on the show. cac 40 is .75% higher. today, we are seeing soc gen at the top.

ftse 100, despite the political landscape, the index is up .70%. today, we are seeing a strong performance from home builders. a bit of surprise upswing in terms of market performance. as for sectors, it is a day of green for europe. every sector trading in the green. healthcare up 1.3%. a lot to talk about with novo nordisk after positive results after the trial they released showed patients who took wegovy had a lower likelihood of getting heart disease. we will talk about that in the show as well. travel and leisure up 1.5%. airbus is one of the main drivers we are watching in the session. a positive day to the trading week, julianna. >> interesting to see that develop. on friday, moody's lowered

the outlook in the u.s. from stable to negative. it cited deficits. the downside risk may no longer be offset by the unique credit strength. the last of the three major agencies to hold a top rating for the u.s. after fitch cut the rating to double plus in august. in a statement, the white house said it disagreed with the shift. u.s. house speaker mike johnson re vvealed his plan to avert the shutdown. johnson opted for the latter continuing resolution. two stopgap spending measures. the proposal is facing a battle in the house with lawmakers expressing criticism.

european markets had closed up before the major rally last week. that is why we are seeing a strong start to trade here in europe. in te in terms of treasuries, we are higher in the yield. the two-year trading at 4.6%. attention to the inflation picture with the u.s., uk and eu reporting for october this week. on the geopolitical stage, president biden and xi jinping are expected to meet in san francisco later in the week. we will discuss what to expect later on and central bankers gather for the conference on friday where christine lagarde will deliver the keynote address. >> i'm happy to say global head of sovereign credit is joining us. wonderful to have you on the show. i want to start off with the

major focus of markets. that is how to read the messages coming out of the fed. a couple of weeks ago, we had a dovish fmoc meeting. then last week, chairman powell surprised people with a hawkish tone to what he was saying which is against expectations of rate cuts in 2024. what is your perception of the message that the fed is trying to convey here? >> i think the fed has been clear despite the lack of transparency on the data. the data is still quite difficult to read. we are seeing resilience in cpi. it is not converging at the pace we want. especially the fed. the fed acknowledges a lot has happened with the financial conditions tightening. the last conference, i have to say, out of 60 minutes, we would talk 25 or 30 minutes of media

and powell talking about financial conditions tightening. he made the point that a lot has happened, but it is volatile. we have to understand how structural this move is. the fed is pretty much trying to tell the market that we are not going to cut any time soon. probably a lot of the tightening efforts has happened already which is positive for risk. >> let me unpack that more. my next question is how can you perform in the market where we are in aagain? >> they require the option to cut. the upside in inflation and earlier in the u.s. brazil was the case. i think we are at the beginning of the cycle will be a lot easier. as we go into 2024, it will be difficult. the components with energy and

el niño and they will pose a challenge to central banks. we believe the beginning would not be out of pilot, but easier for central banks to ease. as we go into, perhaps, mid-2024, there will be more dispersion in terms of monetary policy. that is great news for investors and discretionary investors. it will be more difficult to trade from the index pers perspective. there will be more difference. >> when it comes to differentiation over the last couple weeks, we watched the price of oil come down which has a different impact on the different economies. how have you interpreted the move lower in the impact on the em countries? >> for now, we are hovering around 80 and change. it tends to be positive.

remember that before the middle east conflict started, we were having some of the short-term forecast which was calling for 105 or 110. it never happened. we never had the super spike. when we talk about spikes in oil, it tends to bebeneficial. the euro bond which is a class which is oily. i think where we are now is positive for central banks. it goes back to my comments on the core performance of cpi. if we start heading south with faster speed, i think the rhetoric about faster cooldown in the world will come back and that tends to be more negative. for now, despite the fact that everything in the middle east, of course, tends to be a little bit like a sweet spot for assets now. >> okay.

very clear. let me ask your view on china. we are ramping up coverage this week of the xi and biden meeting with the summit happening in san francisco. we have singles day just passed in china. what do you think of growth in the country? we have a lot of mixed signals with the macro data. it is difficult to gauge. >> three or four months ago, we were looking at the precipice. we were looking at 4% or 4.5% growth. it nefver happened. we saw regulation and fmoc came to the rescue. the message we give to clients is this is not like the fiscal boom in the early 2000s. china is not going to act like this. we normalize a lot in terms of china data. we will have a more interpretation of data on this week, but it is still on the

weaker side. i think especially on the geopolitical side, it feels like the u.s. is trying to find a common ground here which is positive for risk. china, for now, short and medium term, tends to be more normalized rather than factor to down side in risk assets. >> luis, let me go back to the issues which are more challenging to get involved in the index level. what does that tell you about the ability for institutional money to actually get involved in em? they have been staying away. there hasn't been a lot of money flowing in em. will investors stay away? >> they have been hiding under the desk for the last five or six months. it is tough. we were discussing here that since 2022, roughly $100 billion

left in asset class. hard currency. there was a lot of em reduced in the capital. obviously, for us to be super positive, we needed new money to come in to asset class which is not happening. i do believe real money and it is likely the better outlook with the u.s. rates. let's see if it holds. if it holds, they will go into moderation and take some of the cash into live positions here. we are not there at the sweet spot yet because the new money is not pouring into the asset classes yet. >> before we wrap up, what are your top picks? where should investors pull money? >> brazilian bonds is still positive. receiving rates are the trades we are hammering with clients. >> you get the hammer in here on

"street signs." l luis, thank you for joining us. global head of credit from citi. >> if you want to get involved in the conversation, we he love to hear from you. you can contact us on x. coming up on the show, germany is set to raise the military spending for ukraine. will the country's constitutional court put the brakes on future spending? we'll discuss next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

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welcome back to "street signs." volkswagen is cutting administerial personal costs by 20% according to the internal podcast. the car unit announced it will launch a cost cutting program with the aim of saving 10 billion euro and hitting a return on sales target of 6.5%. on the news, the stock is up 1%.

continental ag could slash 5,500 jobs as soon as today. the car parts manufacturer will cut more than 1,000 jobs in germany as production and development staff surviving the structure. and bilfinger confirms the physic fiscal year outlook. it is seeing demand across all region, but skepticism in the market. in geopolitical news for germany, it is set to double the military aid it ukraine to 8 billion euro according to media reports. that would lift the spending to above 2% gdp.

annette is here for more on the story. talk about the plans that are reported from germany with regards to increased military spending and what the constitutional court might have to say about it. >> reporter: actually, the plan, as least was reported, was a doubling of support for ukraine to 8 billion euro. so far, germany has spent 21 billion euro in military aid for ukraine. that brings them into second position right after united states which has spent more than 49 billion euro for military aid to the country to ukraine. so the move to double the spending directly to ukraine has been at least a bit controversial because it seems to have been pushed by the chancellor and the social

democrats. it has not brought the liberals, which, of course, sit in the finance ministry and not the greens to the same table. the chancellor has to take care of the budget. on thursday, that budget will then be cleared by the committee and the parliament and most likely the 8 billion euro figure will go through, but on wednesday, we have a very important ruling by the constitutional court because the opposition filed a complaint to the government which is not adhering to the debt for the gdp. clearly, germany will have a higher deficit this year. the question is surrounding the balance sheet financing issues. >> annette, to follow-up on that, assuming the

constitutional court rules against the government and i read analysts notes that suggest that might happen, what will the government have to do in terms of steps and are we likely to see more pressure on consolidation in coming years? what will the implications be for military spending? >> reporter: the extreme effect could actually be that they have to drop additional spending to 1% of gdp and that could mean severe reduction of what they can actually spend. in hindsight, or if you look at historic examples, we have the local constitutional court ruling against balance sheet. they said this no longer can be done. there was no effect in the actual year. of course, what could happen is, a, the government will scrap the

debt rate all together, unlikely, and reduce the spending plans. most likely military spending will be exempt from it. this is something which also the cdu opposition is supporting and help ukraine. 100 billion euro special balance sheet spending would not be touched. what could be touched is other balance sheet vehicles, not only for the climate and transformation fund, but other vehicles could be scrapped. to sum it up, that could mean if the ruling goes through and the plaintiffs get it right or gets the ruling in favor of those who are contesting the current budget plans, that could mean that germany will not be able to

spend as much as they did in the past. >> annette, thank you so much. we will watch out on wednesday. the decision comes out during "street signs." we might have to link out to you for your assessment of the constitutional court decision. we are going to take a quick break. on the other side of it, novo nordisk is releasing the trial we owevyultsf go. 'll discuss after this.

welcome back to "street signs." i'm julianna tatelbaum. >> and i'm joumanna bercetche and these are your headlines. european markets dropped off moody's downgrade as u.s. futures point lower as the attention now turns to the key cpi print. novo nordisk publishes positive results over the clinical trial. and president biden and xi jinping gear up for a

high-stakes meeting in san francisco as treasury secretary janet yellen lays the ground work trying to ease tensions with the chinese counterpart. >> we do not seek to decouple from china. this would be damaging to the u.s. and china and destabilizing for the world. and uk prime minister rishi sunak reportedly sacks his home secretary suella braverman among the kocontroversy. former pm david cameron would make a possible return. after the strong finish to trade on wall street last week, we are seeing a pull back in u.s. futures. modest.

single digits for the s&p. 50 points for the nasdaq. dow jones industrial average about 14 points. 90% of the s&p 500 have now reported. the next major name to report from the earnings per spective s nvidia. that comes next week. we have the u.s. cpi on tuesday which is expected to be a potential big driver of markets. turning to the european session, we have green across the board. every region and every sector trading higher. we did close up on friday before the rally stateside. on friday, the stoxx 600 fell 1%. we had poor earnings from diageo. richemont dragging down. perhaps catch up trade in europe this morning. there is one stock in focus in the pharma sector which is novo nordisk. the weight losses drug wegovy cuts cardio deaths by 20%.

the drug originally marketed to tackle diabetes found a 28% drop of cardio death risk. we found the risk cut of cardio events. that risk was expanded. in philadelphia, the company reported the broader results from that 17,000 person trial. overall, results are seen as encouraging. that is what the investment community has said. the stock price is indicating that as well. the weekly injections reduce the heart anttack and stroke by 20%. eli lilly has a drug of its own an approved by the fda to fight obesity as well. novo nordisk has ozempic and

wegovy is the obesity version of the same drug. astrazeneca has joined the race as well. they signed a $2 billion licensing agreement with the oral version of the drug. it is still in early trials. it is not approved yet. it goes to show how exciting this group of drugs is to a range of pharmaceutical companies. the pioneer at this stage is novo nordisk and trailed by eli lilly. >> julianna, look at the respective share prices of those you mentioned. it is interesting to note the difference with astrazeneca languishing at the bottom. the out performer is eli lillyw. we spent a good part of the year talking about novo nordisk.

interesting data point there for both of the stocks which has been a momentous year. novo up 50% and eli up 30%. >> let's welcome in danny to the program. asset manager. the results which came out over the weekend were closely watched by investors and the analyst community. if the drugs prove these lead to weight loss in obese patients, but cut other health incidents, it could pave the way for insurers to pay for drugs. do you think this will make a significant difference in expanding the use and coverage of the drugs? >> that's the billion dollar question and it is all about trying to expand coverage and access for patients. one of the most important take aways from the data this weekend is actually you saw reduction in

all cause of death by 19% versus placebo. some of the interesting secondary data points were pointing to reduction of diabetes, so potentially reducing diabetes by 70%. reducing heart failure risk by 20%. these are really quite impressive benefits we're seeing. that ultimately will help allow payers to expand coverage as you rightly ask. there is, no doubt, many obese patients in the world today. these drugs will absolutely benefit those. it is about identifying sub groups which benefit and that allows payers to increase coverage. these are expensive drugs. >> certainly. i know one additional finding was around the reduced progress

of kidney disease by 20%. if these new drugs cut the risk of kidney disease or cut the incidents, they won't need d dia dialysis. this is the ripple effect that the investors are trying to play with the drugs gaining popularity. do you think it is overplayed or overdone the way investors are thinking about these drugs? really taking the world by storm with the changes in people's behavior if they take them? >> it has been a year of two halves for pharma companies like eli lilly and novo nordisk. the medical device companies have been pummeled in many areas, not the least the diabetes names like dexcom with monitors or pumps. i spoke about the potential

reduction of the development of diabetes. you asked about renal and kidney. you are right. two companies providing that with davita providing a very detailed analysis of the potential impact would be from reduction of kidney disease. and what the market is not appreciating and this is in my wheelhouse, longevity trends and people will live longer or take longer for them to develop the serious diseases. when they have chronic kidney disease, they will stay on treatment for longer. there is a balance there. it will be incremental. i don't think it will be inst instantly. the benefit will come over time. that will slow the end markets for the medical device companies. i would argue a lot of that now is more reflective in the share prices of the companies. we will see obviously today with

novo should be up and eli will be up and the names will be on the back of the data. >> super interesting. i spoke to the ceo a couple of weeks ago. he said it is a balancing act. fewer patients, but if the ones that have kidney disease live longer and not necessarily a negative for the business. >> correct. another example would be orthopedics. hip, knee and joint replacement. there is a problem or challenge for various obese patients to receive surgery to treat those issues. you could see actually more fit patients eligible for surgical therapies or treatments. it may be a positive for them in the longer term. obviously, right now, the market is assuming it is a clear negative. >> what about the impact on the broader market? you talk about consumer goods and you talk about fast food chains and i think we have

started to see somewhat of an impact on some of those companies namely because people will be making more healthy lifestyle choices. they will be more active and you see it in terms of the clothes that people are buying as well. do you think the market has gotten ahead of itself in the broader implications for the wider market? >> i had to take a step back a couple of weeks ago. analyst on talking about airlines saving on fuel costs from having passengers which may weigh ten pounds less than they would. there is an element of what we are seeing with artificial intelligence. a bit of euphoria around the obese drugs. we will see people or patients reduce calorie intake and engage in fit activities. patients have to stay on the drugs to derive the benefit. we have seen in diabetes, not necessarily obesity, but

typically within the first 12 to 24 months on the drug like wegovy or mounjaro, that patients adherence is 50% in terms of patients off therapy within the first two years. if you don't stay on therapy, you don't get the benefits of the weight loss. when you come off therapy, you regain significant weight. >> in terms of the stock price p performance, we compared eli to novo. is there any scope for novo nordisk to catch up and do you think today's results would be a good catalyst for that to happen? >> the two leading proponents of the obesity medicines are eli lilly and novo nordisk. very dedicated on diabetes is novo. eli has more breadth to the

offering and also alzheimer's disease. we are waiting for them to receive approval for the alzheimer's antibody. that should come in the not too distant future. that is another market. that might explain the performance year to date. >> do you have an opinion if these will be dissuccessful in l form? there is one still in the early trials. i know pfizer has one and novo has one. will is still happen? >> the market opportunity whether it is injectable or oral is about $100 billion which is staggering. the market assumes it will be split. when i look at analysts predicting between 45% to 50% is split with eli and novo. what is interesting is there is a challenge with manufacturing

and supply. not just having the active ingredient and injectables. ing having the oral option would enable to expand access. the more options would help drive down the cost and more people can access the medicines and benefit to society. >> i was going to say at the time to what julianna was saying with the payers of insurance. have you thought about the cyc cyclicality of it with the possibility of recession? if there is a slowdown or material slowdown in the u.s. economic back drop or around the world, will that have a knock-on effect of the uptick of the drugs? >> affordability will be relative for the potential users. the reality is payers are trying to expand access, but do it in

an economic way and affordable to the healthcare system. that will require give and take on both sides. the more competition, the likes of eli and novo will have to, over time, lower prices. whether a u.s. recession transpires and that translates into reduced consumption of the drugs remains to be seen. that comes back to adhering to therapy. if you are not staying on therapy because you cannot afford it, you will lose the benefit. >> it comes back to the insurers and expanded coverage. dani, thank you for joining us. portfolio manager at pacific asset management. china is reportedly considering ending the commercial freeze on purchases of boeing 737 max aircraft when president biden and xi jinping meet this week. the agreement would mark a b breakthrough for boeing after

making no significant sales there since 2018 before the model was grounded over two deadly crashes. we are getting a pre-market look at boeing. up more than 3%. we have also just got some breaking news now. our colleague dan has been covering some of our major news stories out there. one out of emirates airline. they announced an order of 90 of the 777 x jet. a deal worth $52 billion. the airline has 245 wide body aircrafts on order with boeing, we look forward to seeing the first 777 in 2025. positive reaction in boeing stock today up 3.5%. no doubt, of course, some of the diffusion of the geopolitical tension with china and the u.s. will help as well later this

week. abu dhabi airlines is in focus. it aims to triple passenger numbers by the end of the decade and double fleet as part of the ten-year plan which includes moving away from ultra long haul routes. dan murphy caught up with the ceo and talked about the sector. >> we welcome the sector. i don't know any other airline in the world that is not fighting for his or his passengers rights. first, competition is the norm for the industry for the past 50 years. wedon't expect anything different than that from any airline in the world. even the startups. i think it will be great for saudi arabia that they will have more airlines. we actually embrace competition. >> tony douglas knows your business inside and out. does that concern you?

>> not really. i think it is so dynamic. it is changing a lot. every year, our network changes. the fact you have previous know how, means you have people who come from other airlines and does it change the game? not really. it's very dynamic. turkish airlines is in talks to purchase 355 new jets. the airline is interested in 100 a-350 models and five cargo planes in what would be the biggest ever order. charlotte is here to tell us what is going on. turkish airlines looking to beef up the fleet. >> it is interesting as you remember the paris air show in june, you had the return of the mega orders with india and air

india putting in the big orders. the dubai air show opening today. we are seeing reports of big orders, including the turkish airline that you mentioned. ones that opened the orders announced 45 boeing 737 max planes which had issues after the crashes a few years ago . the emirates deal also announced. the 777 x jets from boeing. the wide body planes. we see the return of tourism and international travel boosting that. that is something we heard from airbus. they are increasing production of the wide body plane a-350. other airlines are set to announce in the next few days orders like fly dubai.

interesting industry here that we see the demand which is there. mega orders are coming in, but can they keep up with boeing and airbus with the headaches? airbus said it is challenging in this operating environment with multiple suppliers trying to put planes out as quickly as possible and have the production plan and they are working hard to put the plan out in the moment. when it comes to orders, 1,300 for airbus and 900 for boeing. the past four years, airbus has been in the lead for orders and deliveries. we have to wait and see. boeing is overcoming the issues the past few years. >> you look at airbus shares up 15% year to date. decent. charlotte, thank you for running through details ofr.

>> on a programming note, dan will speak with tim clark of emirates airlines. plenty for dan to talk about. coming up on "street signs," rishi sunak embarks on a cabinet reshuffle sacking suella braverman. we'll be right back. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill

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welcome back to "street signs." u.s. president biden is expected to meet face-to-face with xi jinping for the first time this year this week in san francisco at the apec summit. in the meantime, janet yellen is seeing the support of russia's war effort. we have karen gilchrist who looked into the issue. yellen said she raised the issue with the vice premier. yellen said there is still room for the u.s. and china

relations. >> we are continuing cadenec e f contact between me and the vice premier. we will work on challenges from debt issues to climate change-related economic issues. third, both countries jointly stated we welcome the objective of the healthy relationship that providing a level playing field for companies and workers in both countries and benefits both. of course, there are many remaining areas of disagreement between our countries and we he note note there is an important difference between words and actions, but the united states will live up to the understandings we reached and we expect our counterparts to do the same. >> this is the first time in a year they will meet face-to-face and the second time they met during biden's presidency.

taiwan is likely to be at the top of the agenda and likely to be discussions of exports of key he technology to china which is interesting to watch. in terms of achievements of the meeting, tangibles i have seen floated is achievement around military communications between the two and maybe restricting the flow of fentanyl of china into the u.s. which is a huge issue stateside. >> this marks a major progress if you call the state of u.s. and china relations with the surveillance blalloon. we seem to have forgotten about those. the analysts said that marked the abyss of relations between the two. this is a positive sign. analysts say this is an opportunity to define what the red lines are which is what is deemed unacceptable on both sides to find a middle channel

for diplomacy. that is a big story this week. let's turn back to the political picture. a lot going on in front of downing street. we will bring you live pictures of number 10 downing street as rishi sunak begins a major cabinet reshuffle. we found out an hour ago that the home secretary suella braverman has been sacked. now the 10 downing street twitter account, x account, has officially tweeted that cleverly has been appointed secretary of state for the home department. foreign secretary replacing the home secretary. it had been widely reported over the weekend, julianna, that br braverman's job was at risk. if you have not followed politics, this is the second time she got sacked. 40 days into her position under liz truss, she was home secretary. she had to resign over a scandal

of sending an email from a personalpoappointed, she was added back to the cabinet. she had a dream of sending migrants to rwanda. that stuck with her. in recent weeks, she penned an op-ed which did not go well with downing street suggesting that the police and the met commissioner were too sympathetic to the pro-palestinian marches. >> when it comes to the broader reshuffle, that is what we know so far to be true. there is also speculation around david cameron potentially returning to government. he was seen walking into downing street early this morning. speculation he could become the

foreign secretary. the government has not confirmed this. we have reports from "the telegraph," but no confirmation ye yet. >> there was a report that he was entering 10 downing street which was unbelievable. now he may be up for the role of foreign minister. a turn around because he is most remembered for the prime minister that brought in that referendum that led to brexit. here we are eight years later and he is redefining his role again and potentially coming back to take on a role as foreign secretary with so much going on when you talk about israel and hamas and ukraine and uk's relationship with china. that is a lot to take on. it would be really interesting if it is confirmed the former

prime minister david cameron is slated to take that role. >> if you are rishi sunak right now, you may want to take a big risk in terms of a major cabinet reshuffle given the conservatives have been falling in the polls. they are under pressure losing ground to the labour party. fascinating to see if he goes for this. >> a lot going on today in uk politics. a quick look at markets. ftse 100 is positive today up .80%. home builders are doing well. the other european markets have started the busy week in positive territory. >> thank you for watching "street signs." happy monday to you. good luck if you are trading today. i'm julianna tatelbaum. >> i'm joumanna bercetche. nt.hae"s mi cng icong upex so much ti it makes i ly easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free

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it is 5:00 a.m. at cnbc global headquarters. here is your "five@5." stocks riding the first two-week winning streak since july thanks to surging technology stocks and falling treasury yields. why our next guest says fomo will drive wall street higher from here. risk remains to the rally. case in point is moody's cutting outlook for the u.s. sovereign debt citing political polarization in washington. we will see if mike johnson'