i'm ready to roll. i got plans for this eyesight. ♪ welcome to "street signs" on this friday morning. i'm silvia amaro and here are your headlines european stocks rise on gains for the week with the stoxx 600 set for its fifth positive week in six. the uk watchdog shows a telco tieup could lead to customers paying for, but the

giant hits back. first on cnbc. >> this is very much competitive. there are 100, more than 100 players in the market, offering a lot of offers. with this merger, would bring a quality network that is able to compete and drive better outcomes for customers. the shares trade near the stoxx 600 after the danish firm agrees to buy the logistics unit in a deal worth 14 billion euro. and donald trump rules out any further presidential debate as the harris campaign says it raises almost $50 million since tuesday night's debate very good morning, everyone. it is friday, so happy friday to you all. let's look at european equities at this stage.

they have been trading for just over an hour we thought we had settled it and we knew the debate between a 25 or a 50-basis point cut was settled after the cpi print wednesday in the united states however, things changed overnight. we heard from new york fed president bill dudley saying there is a strong case for 50. that has changed dynamics in the market we are seeing more of a probability of a 50-basis point cut next wednesday the probability is still in the 25-basis point calmp we will ultimately find out the move from the fed, but nonetheless, this debate remains very much alive. at this stage when you look at european equities, however, we are seeing downward pressure on the ftse i want to take you to the cac 40 in france. above the flat line at this

stage. we got inflation printout of france with the read coming in at 2.2% for the month of august, in line with forecasts we have to put that in perspective with what we heard from the ecb yesterday, they cut rates by 25 basis points when it comes to the outlook for inflation, there is still a bit of stickiness when it comes to core inflation however, this morning, the ecb member said the core inflation is moving in the right direction, however, the fight to bring down inflation is still very much in focus for ecb officials. let me take you to the different sectors to understand a little bit better what is the picture in the corporate news world this morning. we have at the top autos trading higher by over 1%. chemicals and construction and media also in the green this morning. i would also like to highlight we are seeing a bit of relief when it comes to health care this sector has been under some

pressure at the start of the week, i should say, that teams so be recovering slightly this morning. i actually want to take you to industrials because it is where we are seeing quite a lot of action this morning from vsv buying the logistics arm and close eye on the french payment group world line replacing their ceo and that is putting significant pressure on that stock. a bit of a different dynamics within the sector. i want to take you to the worst performing sector. travel and leisure is under pressure at this stage mar marginally below the flat line worth noting when it comes to travel and leisure, it is worth noting what the officials are saying in spain and greece assessing new measures to curb excessive tourism. that could have implications for

the broader travel and leisure sector as you can see, we have a little bit of green across the board. travel and leisure is the only sector, for the time being, in the red. let me take you to other sectors. we are keeping a close eye on the danish transport company dsv. they agreed to buy schenker for 14 billion euro. that will make dsv the world's largest freight company. it fought off a rival bid from cvc. in other news this morning, the come pepetition talked about th vodafone merger. they disagree and vodafone says prices will stay the same or

drop after the deal. the ceo walked cnbc through the deal >> let's go back to what sits at the heart of the merger which is 11 billion of investment and infrastructure to build the uk's best mobile network. it delivers has s massive benefr consumers. this includes 5g in every hospital and school in the uk. they have provisional findings that they work with the cma over the next few months. on the data front, u.s. producer price inflation came in at 0.2%. it strips out food and energy prices and came in hotter than expected at 0.3% this with less than a week to go

until the all important fed meeting next thursday. money markets are moving to a split bet of policy loosening from the fmoc with the probability of a 50-basis point cut surging almost 30 percentage points since wednesday night this was the context i was giving you at start of the show. that debate is still very much alive as we approach the fed decision next week. in other news, the european central bank has cut rates by 25 basis points as it issues fresh inflation and growth outlook christine lagarde said the decision was unanimous and downplaying another cut in october. however, they did not rule out the possibility of cutting again in october at this stage, we continue to countdown to the fed decision on thursday it is not the only show in town next week. brazil will also publish its latest decision on wednesday and

the norges bank and south african reserve bank will reveal their policy bank decisions. and the bank of japan as well. let's discuss the market discussions with neal wilson of ejf capital. good morning. >> good morning. >> first and foremost, i would like your upon the 25 or 50-basis point cut were you suppliyou surprised to new york fed official with that 50 basis points? >> bill dudley would advocate for that i think it will still be 25 because the recent cpi and ppi those prints were a little bit hot. i think the right answer and it

is also an election year and that is really important to keep in mind. this fed has been behind the curve in raising rates and i suspect they'll be behind the curve as they should be bringing them down faster i'm in the 50-basis camp for what they should be doing for three reasons. credit card are above pre-covid. there is a lot of auto loans that are defaulting. the labor market is lagging indicator and we are seeing incredible degradation in that they revised the numbers over the last three months, it's been 116,000 jobs created per month. that is half it was in 2023. i think there's really a strong case for 50. if i'm a betting person, 25 is the factor. >> as one tipping to the 25. >> correct. >> ultimately, what is the m

mes message? at this stage, it could go ooooth either way the fed catching up or the market looking at the 50 basis points and thinking we're in a recession and it is a significant slowdown how would you read a 50-basis point cut? >> i think that's another reason why they won't probably do it because it sends a message what does the fed know that we don't know that's the thought behind that as an investor, the markets's b baked in 25. dudley is a very important ex-official in new york federal reserve. i would look at what are areas that are really rate sensitive if it is a 50. the market could be really volatile reits are rate sensitive banks are sensitive. if you think it is 50 and you want to bet that way, those are the areas where you can take

advantage of it. >> naturally let's talk about the ecb as well yesterday, they revised downward the growth outlook ultimately, i would like to understand this is putting pressure on the ecb cutting significantly between now and the end of the year >> if the fed does 50, this does put pressure you may see effect on currency the euro gets stronger relative to the dollar which puts pressure the other thing we should step back is the fed is 5.25 or 5.50. the projection is 2% inflation over three years that difference of 3% or 3.5% is the difference since 2003. that is a factor that argues for 50 it argues no matter what for a rate cut and continued sustained rate cuts. it may not happen through november all of the central banks need to

bring down the rates given where inflation is and rates in short-term money supplies. >> ultimately, your point is we are in an environment where central banks are cutting rates, rates are still elevated compared to what we had for decades. ultimately, here is a context where we all, regardless of the market, need to just adjust to the reality of higher rates. how much of a pain could that be for certain parts of the market like real estate >> well, real estate, the lowering of rates will help values i think the consumer, you are seeing and you are seeing growth problems in europe there are two contexts there is the real rate versus inflation and there is the fact you have to look at what the other banks are doing, the other central banks are doing. we are clearly entering the period where the fed took away the punch bowl and now they're trying to find it.

you can't be separated from the other banks. we had sweden cut and we had switzerland cut. uk has done one cut. canada has cut you can't just ignore because, you know, currency issues will effect economics >> i want to go back to the point of the usa election. as you highlighted there, we know the fed is independent, but this is a massive event for the u.s. economy so, how much of a pressure is the u.s. election putting on the fed in the context that we might see, you know, a president that will impose tariffs and import inflation into the u.s. che. u economy. if harris becomes president, what does that mean for the fed ultimately >> the election maybe will, you know, if they are picking between 25 or 50, they err on the side of 25, that is because

they want to appear independent. the second question is depending on who wins, what happens? obviously, trump is brow beating the fed not to lower until he is president. i think for the viewers, i would take away no matter who wins, you will have some form, in my view of a split government all of the policy proposals thrown out, most of them will not be implemented i think the big one is there's tax cuts that the trump administration put in place in 2017, they expire in 2026. that's really where i think there's going to be push and pull depending who wins. the senate is going republican by the map and the house will go probably wherever the presidential race goes trump could get all three, that's possible. kamala harris cannot he would be a lame-duck president. can't run again under the constitution i don't think there will be as

dramatic a change as the campaigns would like you to believe. >> interesting i guess we will hear from the fed next week and the next president of the united states that was neal wilson at ejf capital. sticking with the central bank policy theme, tune in for the conversation with the bank of india governor shakate das. shares are falling after factory workers voted to strike. roughly 30,000 voted on the new contract offer with the general wage increase of 25% as well as bonuses. 95% rejected it while 96% voted to strike at 9:00 a.m. cet boeing said it is ready to head back to the negotiating table. in the oil market, crude

prices are set to rally 2% this week after hurricane fran scine ripped through the gulf of mexico forcing shutdowns this comes after crude prices dropped to the lowest level since december of 2021 after opec and iea cut demand forecasts. coming up on the show, investment in office real estate is on the decline, but one country is beating the trend we'll find out more after this break. what is cirkul? cirkul is what you hope for when life tosses lemons your way. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the effortless energy that gets you in the zone. cirkul, available at walmart and drinkcirkul.com.

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welcome back to "street signs. we have just commentary crossing the wires fromministry the economic recovery is likely toward the end of the year the german export economy is not expected to see impetus until the coming months. comments suggesting -- acknowledging the pressures on the german economy for the next

three months or so indeed, suggesting they are not expecting a significant recovery before the end of the year this is important as we see comments from the auto industry significantly under pressure at this stage we know how important that industry is for the outlook of the german economy as well and it is also important to read the comments in the context of what we heard yesterday from the ecb. they cut rates by 25 basis points, but they also downgraded the overall growth prospect for the eurozone we know how important, naturally, the german economy is for the eurozone as well being the largest economy across the bloc speaking of ecb, the several ecb officials have given their views on the future rate path for the central bank after yesterday's quarter point cut. the french central bank governor villeroy said it should continue cutting rates gradually based on

data the german core inflation is heading in the right direction and he expects to hit the central bank goal by the end of the year meanwhile, the ecb deputy governor said they are on the right road in france, inflation rose.22.2% that is slower than the month of july, but largely in line with expectations charlotte has been looking at the numbers. what are they telling us at this stage about where inflation is when you think about europe's second largest economy >> it looks like it has been cooling off. the final number was 1.8% there. going under the 2% the first time in three years they are going under the 2%

level. harmonized by 2.2% prices in energy it had an uptick in services energy with the impact on the olympics there a bit of extra spending with the transport and hotels, et cetera. food prices were stable there. we see the trend going down. the national city seeing inflation at 1.6% in december. you see it will continue and that's interesting because, of course, it will help household spending we know speaking of the french economy, in other parts, we see a lot of headwinds with the french economy the german economy being the top trade partner for france which is a headache and the political uncertainty where the companies are waiting to make big investment decisions and what government is coming in place. the newly appointed prime minister michel, is supposed to appoint his government next week we have to wait and see what the names are to see the policies

and if he is able to take key policies we know the question of the deficit is really important. we are watching all this over what we know from the french economy cooling off in the fourth quarter they see it in contraction in the third quarter at 0.1%. they needed a boost to the french economy, but if the government needs to make cuts in spending and potentially raise taxes, that is a key one there that was a mantra with emmanuel macron and lemarie they may be postpone that rather than increase that all this is at play right now for the french when. >> exactly that is where i was going to go trying to understand the economic points are telling us about what the next government

is allowed to do obviously, we know there's political constraints in the french parliament, i should say. to what extent can they provide any relief for companies when you think about this next government in france >> that's going to be really tough. in a way, the making of the government can give a bit of indication we know he wants to reach out to the left-wing bloc and given the result of the election, can the left-wing top it it is a narrow path for the government to bring forward for taxes and companies as well. what he can put on the table with the position of the government, that will not be pushed out by a vote in the national assembly. again, he is an expert negotiator he negotiated brexit it is a tough one for him. >> i remember running around brussels trying to hear from

him. those days are still with me thank you, charlotte, for that. let's take a look now at the uk leading a resurgence in the office real estate market according to data from savos with the investment expected to increase further in the second half karen has been looking at these numbers. karen, to what extent, is this seeing a sharp downturn to start with >> good morning, silvia. that is the case for sure. we are still seeing the office transactions below the pre-pandemic levels. the indication is the uk is driving the resurgence in the first half of the year, it accounted for a third of office transactions across all much purpose that is above the 40% and ahead of the likes of germany. now, analysts i've spoken to points to a positive light for the second half of the year as

the uk moves to lower interest rates alongside the rest of europe and there's a sense of political stability in the uk as well well which is attracting investment with the election it is not just uk, ireland and netherlands and southern europe are likely to follow this trend as the strength of the economies. the acknowledgment is france and germany are still off that as a rut between that on sellers and prices the other aspect as well is the recovery is not, of course, going to be universal. the kinds of offices in central locations with the close proximity to public transport is a variety of different things to attract workers back to the workplace. they're going to be the ones successful of. the ones with the green aspects will be very important with the

regulations across the region. those that fail to invest in the area are really going to struggle and see grander losses to come. >> karen, great work for more on her story, check out the article on cnbc.com. coming up on the show, we will take a closer look at the equity market as we await the bank of england decision next week and budget next month stay with us we'll be back after this break introducing the second chance offer from betmgm. what'd he say? if you bet on a player to score the first touchdown and instead he scores the second? boom! you get your money back - in cash. straight cash? second chance, you heard?

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walmart and drinkcirkul.com. welcome to "street signs." i'm silvia amaro and here are your headlines european stocks rise building on gains for the week with the stoxx 600 set for the fifth positive week in six. the uk competition watchdog says the vodafoenne telco tieup

could be in jeopardy >> there are more than 100 players in the market offering a lot of offers and with this merger, would bring a third-scale quality network that is able to compete and drive better outcomes. boeing says it is ready to go back to the table to reset the relationship with employees after the vote to strike sending shares down in pre-market. donald trump rules out further presidential debates as the harris campaign says it raised nearly $50 million since tuesday night's clash. welcome back to the show let's get a check on european equities they have been trading for just over an hour and a half thus far. you can see the stoxx 600 is

currently higher by .4%. just to give you a bit of background here, at the end of yeste yesterday's session, we were on track to see the stoxx 600 up 1% for the week we will see the final number, but it seems we are on track to see positive gains for european equities let me share with you how european bourses are trading in the friday session we have a bit of pressure on the ftse 100 the other boards are trading in the green. this is in the aftermath by the european bank to cut rates by 25 points they left the door open to potential cuts in october. however, market expectations is likely we will get more cuts from the ecb later on in the december meeting let's get a check on the different sectors. several corporate announcements

this morning are also contributing to the moves we are seeing in the space. worth highlighting, autos at this stage, is the best sector up by 1.2% we have seen a bit of different upgrades in some of the ways analysts look at some of the names within autos we know overall there has been a lot of pressure on this market with many carmakers suggesting that they are not going to achieve the initial targets in terms of ev sales. we are also seeing construction and materials up at this stage up almost 1% chemicals also trading higher by .7% the rate sensitive sector, real estate, also in the green after that ecb decision. let me take you to the worst performing sector. travel and leisure continues to be the sector that is trading in the red. just marginally below the flat line however, we have green when it comes to industrials,

healthcare -- healthcare is important sector this week we saw significant pressure in this part of the market. however, today, a bit of relief for some of those healthcare names. i want to look into the uk economy in more detail as well because the fiscal watchdog has warned the country's public debt is on an unsustainable path forecasting gdp to rise to 274% by the late 2030s. arabile spoke to the chair of the office for budget responsibility and asked him how worried the government should be >> the economists are people in markets and people making policy do need to worry about the trajectory of their government's public finances over the next 50 years. the levels of debt that we project reaching in 50 years time, the levels of debt in the uk soar after the world wars up to 270% gdp. at the moment, debt is 100% of

gdp. you see debt at that level with the interest rates where they are and they are straining the fiscal ability highlighting that debt at 3% or it is absorbing everything for the government with the economy and the pressures of rising geopolitical risks there are a lot of demands on governments to take action to address the challenges, but the resources are scarce because so much is taken up by paying interest >> let's take a closer look at the uk equity market as we look ahead, the uk budget announcement in october. the director of research at edison group joins me to discuss this themes. >> good morning. >> i would like to get started on outlook for uk equities because when you think about the

performance thus far this year, quite strong ftse 100 up 1% ftse 250 up 5% are we likely to continue to see the strong performance between now and the end of the year? >> i think so. there's been a growing trend -- we've been here before and i talked about this on the program before late last year, people were diversifying away from the gains they made from u.s. tech they were looking at markets the attractiveness of the uk is the valuation. it continues to be at historic lows relative to the u.s. market s so, if depending on the outlook with growth, and there are challenges out there, it is the protection of moving into the market with the downside risk is lower. at the same time, we have a lot of factors in the uk that are a track tattractive this performance you see is

attracting more and more people looking at the market. >> we've seen a couple of potential consolidations within the uk equities. looking, for instance, at the real estate names. ultimately, to what extent are these likely to go ahead will we get regulatory approvals for that and will we see further con solidation within the marke? >> there are two signs is this market attractive? one is, you know, are companies buying their own shares and you see lots of activity on that front. the second is are trade buyers finding value? the uk is a market where lots and lots of companies have been bid for either by trade or by private equity i see until we start to see a change in the valuation dynamic, i see this as a very attractive market that is one of the ways you can realize gains for yourself.

>> which parts of the market are likely to see consolidation? >> the uk is an old school market you know, it's a case of which companies are going to benefit from that. there are unique stocks. right move and the attraction of that with the strong market position is one of the reasons with brand names that were attractive i think it's tends to be the old industrial names, established brand names and established positions that are a tttra ttra interest the uk does a lot of work in some instances only second to silicon valley >> and, you know, when you think about the uk budget, how does that fit into this narrative of the positive outlook for the uk equities can we actually see pressure from, you know, not a very positive budget?

>> yeah, there's some hurdles and it's been signalled there will be difficult choices. i don't think, you know, i think what we're looking at is actually prudence. markets generally like sensible type prudence. it means you will not see, i think the more dominant factor if the fiscal budget is going to reduce dprgrowth, there is a likelihood to outweigh sentiment with the cuts coming through and that leads the attraction into the uk market sg >> what sort of detail are you looking for when you hear from the chancellor on the 30th of october? what would you highlight as potential drivers here for the markets? >> i focus quite a lot on what they're going to do on the housing market the housing market in the uk is a very invested market lots of people's personal wealth tied into the uk market. you know, we are keeping an eye

on that in terms of what changes there are in potential reforms to counter taxes and tax regime in terms of, you know, mortgages, et cetera of course, we don't know what's going to be in the budget. providing it's sensible and not what you saw a couple of years ago with liz truss, i think we're right through that there is a lot of expectation. there is plenty of uk entrepreneurs worried about the lift of the capital gains tax. that is just leading to the activity in the market. >> let's talk about the bank of england as well with the decision next week to what extent is the bank of england on a wait-and-see mode with the budget on the 30th of october? >> the bank has been accused of in the past of acting too late i think now they seem to be really starting to accelerate. i would point the inflation

number did come in slightly higher than expected l last time, they will keep that within range i think the most important thing is the growth number the fact that the uk number looks like the growth drivers starting to peter out will give them the excuse to make that change if it's not this month, i suspect, they will go pretty quickly after that general expectation is there's going to be two more rate cuts this year. we hope they will be proactive about it. >> let's see we'll find out also the impact on the real estate market. thank you for your time today. that was neil shah at edison group. coming up on the show, the vice president kamala harris mpgnou blockbuster fundraising. we'll have details after this break.

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week the fed is about to dominate the agenda, but this is a block buster week. commerz bank are set to close higher shares in the lender rose 16% on wednesday after unicredit announced it bought a 9% stake and the ceo sawid a full takeovr to be on the board this as banking consolidation is working up in europe take a listen to what the ecb president christine lagarde had to say about the commerz bank on wednesday. >> typically, we do not comment on instituurance individual inss we have a prior which involves the authority which at certain

thresholds of equity ownership or transfer of shares, if you will, has to be consulted and authorized and i fit into the institutions concerns namely unicredit and commerzbank will be aware of the requirements the ssm will do what it has to do in full independence and clearly cross border mergers have been hopeful by many authorities and it well be very interesting to see that process unfold in the weeks to come. >> for more information on that story, check out cnbc.com. a string of automakers are pointing to a lack of demand for electric vehicles. data from the acea shows battery electric cars at 12.1% of european market share in july

down 1.5% on the year. i'm pleased to say the managing director at lazards is joining me good to you have on the show i was reading your commentary suggesting these messages from the european carmakers is actually not a doomsday. what we are hearing actually is a little bit of an exaggeration. just highlight why you think this is the case >> yeah, you know, the auto industry is in a deep transformation and if there is with the new technology, it is overhyped an disappointing and the trend continues from there when you have the transformation, it is never lineal sometimes it takes longer than originally expected, but i do think electrification ultimately

will come and pass the point of no return. i think ultimately we will have the electric car dominating the world effectively. >> why i'm still falling on why you think that is the case with the carmakers saying there is not demanded for the cars. perhaps the consumers feel it is too expensive and the charging infrastructure is not widely available. how will you dominate roads in the future >> i think that's a temporary effect or short-term effect with the demand not there yet and the infrastructure is not there ye but pretty much everywhere in the world, there are initiatives under way that there will be more infrastructure.

there are invest prements into technology always at the beginning, consumers are hesitant with new technology ultimately, it will go this way. for the european car industry, if you want to be on top of it in the future and that is in 10 or 20 or 30 years, you still have to do the investment now and you have a longer-term perspective. >> so, who is making the investment at this stage who is likely to be the leader in the space in the next two-to-three years are we still talking about european companies here or more on the likes of the chinese brands >> undoubtedly, the new competitors, for instance, the chinese, but to talk the western oems down that they will have no chance against the asian competition is a little bit too early. i think most car companies, if in the all of them, realize

there is a transformation and also taking action now indeed, the next two or three years will be pretty disisecisin adapting andcompetitive in the future >> i would like to realize the chinese brands we see a lot of changes in the numbers of the tariffs ultimately could these measures actually make a difference in this market or is this just a soft measure that is not likely to actually change the dynamics in the european car market? >> yeah, i don't think that tariffs are ultimately the answer i think that's a short-term measure. with tariffs, you cannot change or influence, really, the competitiveness of a market.

so, i don't think we should rely or the car industry should rely on tariffs to remain compe competitive. they need to take other action. >> let's see how these will be implemented with the final numbers. thank you for your thoughts this morning. that was christian kamas at lazards. looking at politics, vice president kamala harris raised $47 million after the tuesday night debate with donald trump according to a spokesperson. her team said it came from nearly 600,000 individual donors and raised by a number of campaign groups as well. now donald trump says he will not debate harris again. in a post on truth social, trump said polling for a rematch said he won the first debate. brie jackson from nbc news is joining us for more. what is the likelihood here, brie, that the possibility of the debate is still on the table

or is this comment from donald trump completely ruling out that possibility? >> reporter: well, as of right now, good morning. as of right now, it seems former president trump has ruled out doing a third debate we do know he says that he believes that he won tuesday's debate and also said that because early voting has started, he believes it's too late to have another debate. meanwhile, vice president harris is doubling down she says the two should face-off again in a way that voters deserve this and voters should see them have this match up again. the former president appears to be backing off, firmly backing off saying he won't do a third de debate. >> between now and the big election day, what sort of events could actually change the

narrative here what sort of things should we keep an eye on for the next couple weeks >> reporter: so, really, it's about being on the campaign trail. we do know that both candidates are back on the campaign trail after tuesday's debate today, former president trump will hold a press conference in california while vice president harris will continue her swing state tour by returning to pennsylvania she was in north carolina last night for two different rallies. it's important to note that north carolina is actually a critical state that democrats have not won since barack obama carried it back in 2008. we have seen former president trump as well as senator jd vance, his running mate, they've had several events there in north carolina all of this goes to show that this remains a very tight race polls show that it remains a tight race really, these candidates are

focused on hitting the campaign trail trying to win battleground states such as north carolina, pennsylvania and wisconsin >> all right thank you for the update that was brie jackson from nbc news as we approach the end of the show, here are the four things to get you up to speed ahead of the open on wall street boeing production is grounded as around 30,000 workers go on strike for the first time since 2008 boeing says it is ready to get back to the table and reach a new agreement, but the strike say blow to the new ceo kelly ortberg. apple iphone 16 is available for pre-order today. we are watching after the cupertino giant failed to impress at this week's event investors have their eyes on the wider tech sector after the leaders from microsoft and

openai and nvidia met with u.s. power annd utilities at the whie house. jensen huang said we are at the beginning of the new industrial revolution. traders are looking at prices dipping in july and consumer sentiment expecting to rise on the month. tune in on monday because we'll have an exclusive interview with the bank of india governor shaktikanta das our colleague will be bringing us that interview on monday. a quick look at european markets. we have been mostly in the green on this friday morning we are on the track to end the week positively. it has been a positive week for the stoxx 600. let's see what we will have at the end of today after that important ecb decision bringing the rates down by 25 basis points i also want to take a brief look

at u.s. futures as we approach the open also on wall street they suggest it could be a positive start to the trading session stateside. this after seeing a positive day on thursday. however, when you think about their week-to-date performance, i highlight the nasdaq which is on the trend to end the week higher by 5% we are seeing a significant rebound on the nasdaq after pressure in recent weeks when it comes to the s&p 500, also on track to end the week up by more than 3%. so, a relatively positive week for equities let's see what will be the wrap up by the end of today's session. i'm silvia amaro "worldwide exchange" is coming up next.

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our members rejected the contract by 94.6%. and they voted to strike by 96%. >> strike, strike, strike, strike, strike, strike