and for more great stories about work, money, and successful living, scan this qr code and head over to cnbcmakeit.com. i'm ashton jackson, and we'll see you next time for more "millennial money." ♪ good morning and welcome to "street signs." i'm silvia amaro and these are your headlines. china's central bank provides for stimulus for the community. after deflation deepens with

ppi falling by a greater than expected 1.4%. former house speaker kevin mccarthy tells cnbc that both candidates need to tackle the debt and the economy is the key issue for former president trump. >> we have watched from the gas price to your grocery bills to others, it's unaffordable and painful. that gives them a different opportunity. blasts ring out across beirut. very good morning. welcome to the show. we start today's show looking at the latest news from china. it has cut its benchmark lending

rate by 25 basis points as telegraphed by the pboc last week. the one-year prime rate was cut to 3.1%. the five-year rate, the key reference for mortgages was reduced to 3.6%. now, they're the first cuts since july and comes as part of the stimulus measures in recent weeks. ubs has upgraded the china growth forecast for 2024 and 2025 on the back of beijing's series of stimulus measures and last week's learn expected third quarter gdp print. ubs expects a full-year growth of 4.5%, up 50 basis points and 4.8% this year. however, the bank says those figures could be revived in either direction depending on further easing measures and the

prospect of u.s. tariffs as well. our sam vadas filed this report from the sidelines of the financial summit in beijing. >> reporter: china's central bank cutting the lending rates is widely expected today cutting the one-year loan prime rate and the five-year mortgage reference rate by 25 basis points. this had been widely tele telegraphed. the pboc governor signalled they did have room to do this and there have been a lot of expectations in the market that certainly this cut would come after the q3 would come out. we did see that cut today, as i said, as widely expected and some of the commentary out from the analysts have been encouraged by what we got today saying that very much the lowering of financial costs combined with the acceleration

of local bond usage are expected to boost manufacturing and infrastructure investment. however, they say the sustainability of the policy willlargely depend on the scale of upcoming fiscal stimulus on local debt and property sector. many in the market now turning their attention to the npc, the top brass, meeting at the end of the month and the legislature needs to rubber stamp the kw quantifying package. this leads to how much they will roll out as far as expansionary budget and bond issuance to help the economy along. the five-y hie-year rate is ano signal that the pboc wants to help out the struggling property market. we have recently seen cuts to the mortgages, the down payments and existing rates which will

kick in in the coming weeks, but this is just further alfa empha they want to put a floor on the housing market given they want to stop the declines. some of the banks have been encouraged by what we've got. goldman sachs gdp growth forecast for china this year is 4.9%. we also have ubs upgrading its full-year forecast to 4.8%. now, this is all in the realm of the around 5% that the government is punching forward. remember, they have given themselves some flexibility with that range and language. now, how do the markets react this morning? well, it was a bit of a lackluster start to the session to kickoff things as we got the lpi decision, but they found their footing throughout the morning session ending at the lunch break on the positive note fueled by the positive steps we

have been taking. the next thing to watch will be the npc meeting at the end of the month for any sign, any approval and green light from the laegislature of that packag will look like. sam vadas, cnbc business news. >> to discuss this is the founder and cio at genevie. good morning. i would like to get your thoughts, really on these latest announcements from china. it is true that the changes we got this morning to the lpr rate were already indicated by authorities in recent times. however, when you put everything into context, how are you reading the latest announcements from china and are you seeing enough detail from them to understand how significant these stimulus measures are actually going to be? >> i think that those are very welcome measures.

as you mentioned, they were sell graphed. i think they are going into the global plan which is could convince investors that china is acting forcefully in order to really get growth rate where they want it to be. i still think we lack the details on that which remains very, very important. that may be the reason why the market reacted the way it reacted this morning. people want to be convinced there is something that is going to happen to support the demand and especially consumption in the medium term. so, it's going in the right direction, but to my point of view, you see pieces to come in order to consider everything is set in the right way. >> all right. when you put that into context, really, how are you thinking about 2025 looking at the second large of the economy in the world because we know this narrative has been very important for markets in recent weeks. as you suggested, we are still lacking important details.

ultimately, given we don't have that much detail as of yet, how are you thinking china is going to impact markets in 2025? >> it is going to be a significant impact at the end of the stay day because we know th economic activity in china is weak. given the fact of inflation or risk of inflation. it is very, very important that we see the light when it comes to pricing in china in the coming months with stabilization. this is something people needs to keep in mind. >> right. i would like to broaden our conversation with other market trends that you are thinking about when putting together your outlook for next year. of course, we're still waiting for that important u.s. election, but in the meantime, really, what do you think will be the key drivers for 2025? >> okay, the key driver, first of all coming from the scenario which is the scenario of soft

landing that is materializing all around the world. in the u.s. in particular. i think you have different elements you need to keep in mind. first, the issue of tariffs. the tariffs and the risk if mr. trump is elected, we will see an increase in tariffs globally and china in particular. i would take a close look at the debt. we all know that the g7 debt level remains a key risk we need to assess and for example, we have this week the issue of the french deficit and french budget that is at stake. i will look also at the geopolitical situation. we have many focus points that need to be assessed. middle east, ukraine is a key risk and we have taiwan also. those are the main elements, i would say, i will watch in order to consider the scenario for

2025. >> a lot on the table, no doubt. so, ultimately, what does this mean in terms of monetary policy there? concerns with the u.s. debt and concerns with the potential new tariffs from the u.s. and other countries as well. what does it mean for 2025? >> i think the trend of lower rates is in place. nevertheless, this is more an economic issue and people have become too complacent about inflation and that there are too many expectations of a rate cut. i think over the coming months people need to look towards inflation numbers in the u.s. in particular. i think that the fed is not going to cut interest rates as much as people expected in 2025. nevertheless, as long as inflation is under control and not significantly move up ward, i think the market can live with

that and it's not a main issue, but nevertheless, we need to be aware there is an inflationary risk with the current level of expectations. >> francois, stay with us. before we continue the conversation, i want to look how we are trading in europe so far this morning. the stoxx 600 performed well. we had the stoxx 600 ending the week up almost .6%. however, today, we are seeing a bit of a muted reaction as investors are still trying to seek clarity from the upcoming u.s. election on top of stimulus from china as well. what we are likely to see this week are earnings and corporate news driving the market per perfo performance. we will hear from deutsche bank and others. i want to get to the bourses in how we are trading in europe this morning. we are seeing pocketis of green

in the uk in the ftse 100. when it comes to the dax, i want to mention how we are seeing the shares in german companies moving this morning. kp exactly because the dax performed well last week. up 1.5%. this morning, it is important ppi figures out of germany that we'll digest in detail later in the show. when you think about the stocks and sectors, i should say, we have oil and gas trading higher at the moment by 1.1%. we are seeing this morning oil prices moving higher. that is contributing to some of the moves within the space. we will also see in basic resources trading higher as we continue to monitor thoughse stimulus measures in china. this is the worst performing sectors into today's session.

looking at the worst performing sector is insurance. we are seeing quite a lot of downward pressure for some of the european banking names. and i want to put everything into context because we are just starting a new trading week and we are gearing up for another busy time with earnings with 92 of the stoxx 600 companies and the s&p 500 due to report. we have stateside boeing and tesla releasing results on wednesday wednesday. in europe, we hear from barclays and unilever. earnings and revenue growth has come ahead of expectations so far in the earnings season in the united states with earnings growing 4% on the year. francois, i want to restart the conversation with you now we gathered the latest when it comes to the market peraformanc so far this morning. when you think about the

earnings season which we are getting into the thick of it this week, really, what sectors do you feel are likely to out perform? >> i think the technology is very interesting. i think you need to take a look at that. what is showing in the u.s. is also that the financial sector and banking is doing very well. i hope to see some development on the more cyclical sectors that are supposed to really improve in terms of earning delivery because this is key if we want to very broad eveening the market. we have potentially upward equity markets in the near term. >> how about the banking names in europe because the sector has been very interesting in recent weeks with merger news within the sector. however, i want to point out to the comment from the ecb member from slovenia saying the back-to-back cuts we have seen

recently are no indication of what to expect in the coming months. so, when you put the expectations of lower rates in europe or eurozone, i should say, on top of the emerging news from the industry, what is the outlook for some of the european banking names for the rest of the year? >> i would say that for the time being the prospects for some of the banks, some of the european banks are performing well. i think the prospects are going to be different considering each stock in particular, depends on that. you have companies like santander which goes well. i think the interest rate issue for the medium term and i think the fact that interest rates are going to go down in europe and i believe they are going to continue to lower interest rates is going to boost economic activity and the banking sector should benefit from that in the medium term. >> very interesting.

we'll see what the different banks will tell us throughout the week. thank you for your time today. that was francois, founder and cio at gen vil. on a programming note, we while hear from a number of leaders from the imf world bank from ecb governors to finance ministers. tune in for those conversations. now, coming up on the show, the former u.s. house speaker kevin mccarthy tells cnbc americans are voting based on the economy, but not on the market. we'll bring you that exclusive conversation after this break.

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welcome back to the show. elon musk says he will give $1 million per day to registered voters in the swing state of pennsylvania who sign a petition backing free speech and right to bear arms.

it draws criticism that musk could be skirting a u.s. law offering anything of value for rem registering claims. musk's super pac has not responded. now the uformer u.s. house speaker kevin mccarthy says both candidates need to come to the realization of rising debt levels. dan had the conversation from the imf summit in dubai. dan, highlight what were the biggest points from having this conversation with the former house speaker? >> reporter: silvia, a number of key take aways from the aim summit in dubai, this is the leading summit bringing together 800 global investors and policymakers to discuss the outlook here not just for the

investment extrajectory, but th u.s. politics as well. politics has taken center stage given america has 15 days to decide its next president. i was on stage with mr. kevin mccarthy and he weighed in on this issues. i asked about the outlook for the u.s. economy and debt and deficit. the current projections suggest that former president trump, if elected, would add $7.5 trillion to the national debt. that is 7.5 trillion with a "t" by the way and kamala harris would add $3.5 trillion. both candidates are happy to add to the deficit stateside. i asked the former speaker if the u.s. had a debt and deficit problem and specifically what that might mean for the global outlook and investors here in the middle east. listen in. >> america has a couple of

really big macro challenges. our debt we cannot ignore. we've got tax policies coming up whether renewable in there. we've got a challenging world where the whole world has the axis of evil. if the difference between a trump administration and a kamala administration, not from a party point of view, but from a 10,000 hours of knowledge, trump can only serve one term and you already know where he stands, okay? they both will have challenges with debt and both will have to come to the realization that congress is going to have to drive that. >> reporter: speaker mccarthy there. this is an election that puts the u.s. economy front and center. he said it is interesting to hear both candidates really not picking up on this debt and deficit question. of course, it is a critical issue for not just every day americans on the ground, but

also global investors exposed to that global market. i asked about the influence of billionaires and external players in the game, specifically what elon musk is doing inside the republican party right now. here's how he responded. >> people are voting economics, but they're voting the grocery store. affordability. we have watched from the gas price to your grocery bills to others that it's unaffordable, it's painful. that gives it a different opportunity. a lot of politics played out every time the democrats prosecuted trump, it helped him. probably if they did not prosecute him, he would not be as strong as he is now. you see a difference. play. elon is a dear friend of mine. he never wanted to get into politics. he's 100% in mainly because he thinks the constitution is the

argument where it's going. >> reporter: saying elon musk is all-in and raising no voice of objection there when it comes to the billionaire's involvement in the republican campaign moving forward. silvia, the most interesting take away for me was right toward the end of the 45-minute conversation, speaker mccarthy gives mr. trump a 60% chance of winning in the next two weeks. that is really a concession that we see vice president kamala harris running a very strong campaign in a short amount of time she has been given. absolutely this is going to be neck and neck. this election is going to come down to the wire with the latest nbc polling suggesting this race stands at 48/48. back to you. >> that was interesting to hear his conversations with you. i would like to continue the conversation looking at what is happening in the region. explosions have been heard across beirut and southern

lebanon after israel said it would carry out strikes on banks. residents were warned to leave 25 different areas where it would launch attacks. perhaps explain to us, really, what is the latest in the region and perhaps, more importantly, what the conversations you had related to the u.s. election have indicated as to whether the u.s. vote could actually help in any way putting an end to the war in the middle east? >> reporter: well, make no mistake, this is a region on edge. two things have happened in the last 48 hours that have really risen tensions here. of course, the first is this suspected attempted assassination of the israeli prime minister benjamin netanyahu of the drone attack on his residence.

then the death of yahya sinwar. we are seeing tensions continuing to escalate as israel continues its bombardment into lebanon here. of course, for global investors, this is critical. for instance, i was on stage with kevin mccarthy asking about this issue. i said specifically what would the trump administration do to bring peace and stability to the region. he did rattle off a number of policies, but this is clearly a major challenge for the incoming administration whether or not it is trump or it is harris. this is something that is going to be on the first order of business right in the inbox tray to deal with. of course, with the united states maintaining its role as the most important foreign policy actor in the region, it is unclear what can be done, number one to rein in netanyahu and the israelis from their campaign and war in the middle

east, but, also, number two, work with gulf allies and partners to bring a peace process and advance the cease-fire talks given what has unfolded in the last 24-to-48 hours and in the last year, the cease-fire talks are farther away than ever before. now the israelis are talking about the idea that the death of sinwar could, perhaps, bring an end to this war or at least put israel on the path to the negotiations. as i mentioned, the region certainly on edge at this point and this is weighing on the minds of global investors in the room today at the summit in du dubai. silvia. >> that was dan murphy in dubai. coming up on the show, we will speak to ceo of galaxy europe on the crypto resurgence.

that is coming up in just a few minutes.

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very good morning. welcome to "street signs." i'm almsilvia amaro. here are your headlines. the dax under performs in muted monday trade after deflation deepens at the german facultytory with ppi falling at greater 1.4%. and boeing gets a lift pre-market after the report the planemaker is exploring asset sales in the bid to bring in much-needed cash and as striking workers prepare to vote on the provisional pay deal this week. a and former house speaker kevin mccarthy says both candidates need to tackle debt. >> people are voting economics, but voting the grocery store and

affordability. we have watched from the gas price to the grocery bills to others that it's unaffordable, it's painful. that gives them a different opportunity. time now to get a check on how we're trading in europe so far this morning. we are seeing a muted reaction thus far when it comes to the equity session this monday. we have the stoxx 600 currently at no change. indeed, we have seen a muted trade so far this morning with investors trying to piece together, really, what's going to happen in the u.s. as we approach that key vote on top of that, we are digesting news of further stimulus in china. investors, however, are still questioning how big or efficient that stimulus is going to be. amid this uncertainty, investors are likely focused on earnings this week. we will hear from severalcorpor.

on top of that, several corporate resleases from the united states. no doubt, we will bring you that detail. i want to give you the bourses to understand what is going on across the continent at the moment. the main markets with germany, france and to some extent also in italy. we are only seeing a bit of green in the uk with the ftse 100 up .3%. next week is important for uk assets as we hear from the chancellor proposing her latest budget. now, when it comes to the corporate stories we are monitoring this morning, i want to show you who are moving in the session. sanofi agreed to tell a stake in the consumer health unit to u.s. investment group cdr.

in a sale valuing the business at 16 billion euro. the deal comes after the private equity firm guaranteed that opella will stay and develop in france amid concerns about the potential loss of the strategic asset. the french bank, ppi france, will take a stake of 2% in the unit. you have the chart currently on your screen. when it comes to other corporate stories this morning, one we have been monitor for a while really, one of bbva major sh shareholder sold the stake with the bid for bank of sabodel. the partners decided to sell in july that the takeover bid would be too much of a distraction. the take overdeal was approved by the european central bank last month, but still facing scrutiny by the spanish government and anti-watch dogs.

when it comes to shares of infineon, morgan stanley cut the chipmaker to overweight from equal weight. you have the chart on your screen at the moment. shares of jde peet's are higher after it named the current president of international markets at kraft-heinz as its new ceo. when it comes to the bond market, we have two bits of economic nuts ews in the market. looking at the german spread after the german propducer prics fell 1.4% thanks to lower energy prices. it marks the 15th decline for europe's largest economy. on top of that, fitch confirmed

italy's rating and revised from stable to positive on the back of stronger fiscal performance as well as the country's commitment to the eu budget regulations. let's get a look at how u.s. futures are shaping up at this stage. as you see, it could be a mixed start to the trading session on wall street. this after what was a strong performance last week. we saw the dow hitting a fresh all-time intraday high as well as a fresh record close. let's see what we'll have in store stateside later today. no doubt, even though it is light on the economic front, we're going to hear from severseveral fed speakers today. and boeing is considering assets sale in the effort to boost its finances according to the wall street journal which says the firm has already agreed to sell a small defense unit that sells equipment for the u.s. military.

mean meanwhile, the company has struck a deal with the striking workers. workers will vote on the proposal which include s a 35% wage increase. an important development for the company there. shares of spirit airlines are surging in trade after the low-cost carrier extended the debt deadline to december. the company has been struggling with uncertainty over its future following the failed merger with jest bjetblue. and the bitcoin hits the three-month high. crypto assets are benefitting at the moment from expectations that potentially donald trump

will become the next president of the united states. i'm pleased to say leon marshall, ceo of galaxy europe is joining us for more in the crypto world. first and foremost, good to see you. >> thank you very much. >> i would firstly like to understand how galaxy digital europe has performed over the last year. perhaps you can give us insight that your presence in this part of the world is still quite young. >> very happy to be here. very excited to be on the show. thank you so much for the invite. this summer, we saw volumes come up and volatility lower. we have seen the pickup for three reasons. number one, the supply side issues we faced. this is german government selling and some of the bankrupt as is. number two, we have seen a big pick up in the macro environment. it is a lot softer. number three, the big focus on the u.s. elections coming up.

we have seen investors that i've spoken through to look at the asset class and say we should have exposure here. >> right. let's talk about bitcoin. you are expecting on top of the moves that we are seeing at the moment, which i heightighlighte few minutes ago, you are expecting to see further upward moves with bitcoin. explain why. what is driving the performance for the cryptocurrency? >> i think the thing to focus on right now are two things. one is the macro environment and number i number two is the election. we see the ecb lower rates last week. china with the 50 basis point cuts in the reserves. two rate cuts in the u.s. when we see global liquidity on the rise, it is good for bitcoin. in addition to that, we expect trump to be more friendly environment for crypto. we see a couple of reasons far this. number one, trump went to a bitcoin conference.

he went to a bitcoin conference. he said i'll have a reserve for bitcoin. this is extraordinary. what that has done is changed the picture for investors. investors are saying, look, the regulatory environment is softening in the u.s. >> why is donald trump good for bitcoin and other crypt cryptocurrencies? showing up to the crypto event doesn't mean much ultimately. i would like to understand the concrete evidence you have that donald trump is going to be a positive for this part of the asset class? >> i think it is worthwhile taking a step back. up until now, crypto has been a bipartisan issue in the u.s. things under the biden administration were tough for the asset class. that shouldn't be the case. it must be a bipartisan issue going forward. trump put the spotlight on the asset. i think what we have seen is we

have seen the harris campaign respond. what investors are saying, the downside tail risk of biden is not there. we have seen investors come back and say i'll have some exposure because whatever the result of the election, we expect bitcoin to have a positive regulatory environment in the u.s. explosive under trump and neutral or better under harris. >> when i was reading about the reasons why you decided to launch in europe, your company highlighted the clear regulatory environment you have in this part of the world as the reason why you should be here, why you should be in europe. when you think about what donald trump means for regulation for cryptocurrencies, it is unlikely to be as detailed as what we have in europe. how come you see a trump win as a positive given you are actually in favor of more clear guidance for crypto? >> what i would say is this, in

the u.s., we have seen a softer regulatory outlook than previous expected. we have seen it go through congress. the harris administration talk about serving under served communities on banks. the rhetoric in the u.s. is changing. uk is ahead of the u.s. in europe, we actually have a plan for at least stable coin regulation and clearer path than the u.s. right now. that might change. for europe to maintain the lead, it needs to be proactive for the future. >> given your experience in crypto, i would like to understand really what are your thoughts related to the latest announcement from donald trump of its world liberty financial. what i would like to understand here is whether you share some concerns from other executives within the space who have clearly said this announcement from donald trump and having this option now to trade

actually undermines efforts to rebuild trust in the crypto industry. do you share those concerns? >> i can't speak to that particular coin, but what i can say is he is clearly pushing for an environment which is not only bullish for bitcoin, but also perceived from the investors i speak to, he be bullish for all coins as well. i put that in that bucket there. whatever happens, either way, the main focus and investors should really be thinking about is in either indicadministratio whether harris or trump, things will be more constructive than under the biden administration. that's why the price is up recently. >> you are not concerned about what other players, donald trump and others, are doing in the crypto world to undermine efforts of your company and others which are actually trying to promote the asset class and telling people that they should be investing in crypto? >> from what i've seen in the u.s. and what i've seen from the

engagement in the u.s., we have actually seen a much more constructive outlook from both sides of the house. that is important going forward. i think what he's really important for europe, as well, we maintain this lead both in the uk and europe going forward. >> finally, i would like to perhaps get a concrete call from you. you are expecting bitcoin to hedge higher for the year. we are approaching the 70 k mark. where will we be in three months time? >> i wish i had a magic ball to tell you. whatever happens in the short-term, i can't predict. the tailwinds of crypto haven't been stable for a long toim. time. i think going forward in the near term, i remain constructive and so do people i speak to. >> thank you for your time this morning. leon marshall, ceo of galaxy

europe ro.e coming up on the show, we'll have the conversation with robinhood's president after this break. 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. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is

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welcome back to the show. now, the brokerage firm robinhood announced this morning it is rolling out margin investing to its uk customers. i'm pleased to say jordan sin s sinclair is joining me in the studio. >> good morning. >> why is this the time to announce robinhood margin in the uk? >> the uk is the first market outside of the u.s. for us, it is delivering what we brought to the u.s. customer there to the uk and margin investing is another example of that. we're really excited bringing a product that isn't as available to uk customers and something

traditionally for a private banking client or creating a product with barriers. we want to breakdown and provide to the right customer on the robinhood platform. >> this is inteis considered a relatively high risk instrument. i would like the checks robinhood has in place for the application process to, indeed, green light some customers to be able to profit from this. >> absolutely. that's the way we built products to have the right controls for the right customer. only the right customer has access to that product. we have a great framework to build the product and how this fits with the customer segments. >> highlight for us a little bit how the process actually works. for instance, do you consider whether the person applying for this actually has enough knowledge to understand all the agencies? >> that's exactly it.

we test their knowledge and experience and a minimum of $2,000 in the account. we've also got lots of lessons learned in the u.s. to bring across here to the uk. >> very clear. i also would like to understand some of your future plans here in the uk. thus far, you've only allowed for investment in u.s. listed stocks. any considerations here in terms of offering either a listed stocks to users in the uk? >> yeah, we're just getting started. u.s. stocks and removing fees on the u.s. stocks. that is what we've heard. struggling with the time zones and the high fees on brokerages. we will continue to bring our innovation from the u.s. on local products. things like local stocks are things we are hearing from our customers loud and clear. that is on us to deliver at

innovation and localization. >> give us timing. when will you offer the uk listed stocks? >> i can't give you a time. we will listen to our customers. always talk to them and always hear from them what's important. the uk customer is global in the portfolio where the u.s. is u.s. focused. it is made up of uk stocks and u.s. stocks. it has an exposure. it is the one place for investing needs. we haven't done it today, but it's on our road map to meet your customers needs. >> in the near future? months or years? >> i'm not going to give you a time. you have to move fast and robinhood has haed d an emphasin product. >> you highlighted offering on robinhood. just explain to us why are you

consider considering this kind of instrument when to be fair when you think about what's on offer here in the uk, there's quite a lot already. >> there is quite a lot, but what we heard from customers, their needs aren't being met. they have a brokerage which charges 11 pounds 95 and an fx fee to get started investing or commission free brokers that are commission free because they charge high fees for fx. some of the basic research tools are behind pay walls. we heard from customers they don't have a platform meeting their needs. for us, it is coming in and delivering the innovation from the u.s. retirement is perfect what we delivered across the u.s. in short order with the traction with customers. we look at the uk and say it is a great product, but how do we take what we learned ain a way. >> you have been in the uk since

march. i would like to understand r really the main differences in terms of the customers in the united states and here in the uk. you have a more international approach to the portfolio. what other differences have you picked up? >> we really have been happy about what our customers are saying about our product. 24/5 trading is what we wanted to bring to the uk. considering the market hours and how you think about it as you report on it. you have to set the alarm for the earnings call for the evening. the market closed and you have to wait for the next day. that is something that they can act on news 24/5. that is an innovation we think can change the way the uk investors think about investing. there is a gap in confidence and

participation in the uk relative to the u.s. we see that as an opportunity. you can develop that through a great platform and education. >> to clarify, lack of confidence in the uk? >> relative participation from the investor. yes, the uk investor doesn't speak about investing as much as the u.s. investor. we see that as an opportunity. you can bridge that through education, through learning materials. >> and can you give us any color on whether you are expecting to actually post profits in the uk presence since you have been here for six snmonths? are you on track for the profit here in the uk? >> that is our target. we delivered that in the u.s. we demonstrated we have diversified revenue streams. the way we build the uk business is no different. >> we will continue to monitor how the performance goes into the uk. we appreciate your time. that was jordan sinclair from

robinhood. for more on the robinhood rollout, head to cnbc.com. of course. 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. heavy on the fed speak today. we will hear from the dallas fed president lorie logan and neel kashkari and jeff schmid and san francisco fed president mary daly. all due to speak today. the imf world bank meetings are due to start this monday. companies will deliver with boeing and tesla in the mix. speaking of boeing, it reached a tentative deal with the striking workers. a vote is set for wednesday. and as we continue to approach the end of the show, i want to get a brief check on how we are trading in it europe this more

than morning. we have seen a futuredmuted ses far today. we are seeing investors trying to understand what is happening in the united states amid the u.s. election. still a lot of question marks of stimulus measures from china and investors focused on the corporate releases due in europe and in the united states. speaking of the united states, a brief check of u.s. futures. they suggest it will be a mixed start and likely muted start to the trading session on wall street as i highlighted earlier, we will not see economic data, but a lot of focus on the fed speakers today. that is it for the show. i'm silviama aro. "worldwide exchange" is coming up next.

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it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." earnings blitz. wall street picks up the pace as tesla and ibm headline a busy week for corporate america. we have dan ives here with his take. and holding on for the longest win streak in nearly a year. activist alert