that's all for this edition of "dateline." i'm andrea canning. thank you for watching. ♪ good morning and welcome to "street signs." i'm silvia amaro and these are your headlines. european equities fall in early trade adding to negativity to the session despite gains on wall street. momentum from donald trump's victory pushes bitcoin high.

soft bank turns a profit in second quarter amid strong share price gains in its listed share companies. bayer cuts the outlook for the crop sciences unit saying the agriculture market has been weaker than expected. and infineon warns of slowing sales in the coming fiscal year with the cfo telling cnbc some long term trends remain positive. >> there's a very healthy strong demand, but before the demand can be translated into higher revenue, you need to first digest it. very good morning, everyone. well, it is a new day and new narrative, really, for european equities this morning.

look at the stoxx 600. we are trading lower by about .9%. it is a different picture from what we had on monday when we saw the benchmark for european equities up more than 1%. so, european equities very much taking the cue really from the asian ession where we also have seen quite a lot of negativity. let me take you to the bourses to give you a picture of the european continent. the dax down .8%. we continue to monitor the german market because we are awaiting the snap election. let's see when that's going to be called. over in france, we are tracking similar losses with the main market down about 1%. let me take you to the different sectors and the different corporate dynamics this morning. at the top, technology stocks at

this stage are the best performing sector and yet still trading below the flat line. we heard for instance from infineon this morning. we will discuss the outlook for the company and more broadly some of the die national ynamicp sector as well as oil and gas stocks. let me take you to the story. we are clearly trade in the red this morning. these are the worst permanent forming section tors at this stage. basic resources down almost 2%. indeed, some of the market narratives today are concerns among investors about what a trump 2.0 presidency is going to mean for protectionist policies. what impact this could have for some european companies and disappointment for investors when it comes to stimulus measures announced by the chinese authorities over the

last couple days. now some investments analyst told cnbc where she is looking for value. >> focusing very much on quality. companies with resilient earning extremes and perform well and have reasonably reliable earnings in terms of forecasting over the next few years is really, really important. also being careful about valuations. you talked a lot about volatility and things leading into the discussion. there are land mines ready to step on everywhere. you see high rofile companies with a pull back. many of those high valued in the first place t. . it is really important to be selective and position yourself with the highest barriers of entry going into the election, but not overpay for them. >> now let's discuss the outlook for some of the dynamics within the equity space with our next

guest. rupert thompson with the kingswood group. rupert, good to you have on the show. first and foremost, i would like to get your thoughts on what we are seeing in the equity markets. quite a lot of negativity there and some much bullish with u.s. equities. is this likely to be the case really? >> i think short-term very much remain the case. you get the occasional setback now understandable with the size of the gains last week. short-term, at least, we are still in a pretty positive back drop. the u.s. economy is doing just fine. everyone is focusing on the good side of the trump policies rather than the bad. three-to-six months time when the fed is starting to maybe not cut rates or stop cutting rates and people start to worry about trump's tariff policies, i think there would be more hiccups. short-term is still positive. >> still positive.

let me show you the charts to the viewers comparing the u.s. equities and ftse and stoxx 600. are you are telling me the numbers are quite good, but they are different. look at what is happening across the european space. we are lagging across stateside. my question to you is is this likely to continue the case or are we going to see more bullish with the u.s. stocks, but not so much for european companies? >> you are entirely right. i was talking about global equities and the rest of the world is not doing at the moment. the short-term, this could continue. the biggest achilles heel for the u.s. is the valuations. in terms of when that comes to buy, one month or one year, who knows? that's the achilles heel. short-term, the u.s. economy is performing better than elsewhere and the policies of trump.

short short-term, the u.s. out performance could continue. >> give us what we could expect this time around versus what happened when donald trump was first first elected for the white house? i was reading a jpmorgan note that it is a lot more bullish than eight years ago. why do you think that is? >> good question. i think, again, one of the positives for trump is he's going to elect officials to be more aligned this time. you will not have more firing. he will have more room to do it than last time. that is maybe what the market is focusing on. the down side is him carrying through the radical tariffs proposals, who knows. short-term, they are focusing on the good side. on the bad parts of trump policies, the markets are

ignoring him at the moment. that is the uncertainty. >> what do you think could trigger the change in the mood among the equity investors? because there are a lot of con conversations of the fiscal united states. i wonder if the treasury market will mean pressure for u.s. equities. where do you think that threshold is lying at the moment? >> again, it's an impossible question to answer and when excessive valuations start to buy? no one knows. in terms of a round number? certainly in 6-to-12 months time. if u.s. treasury yields get back up to 5%, that is a nice round number. that would be a big rise in the short space of time. that has meant bad news for equity markets. again, it is difficult to tell, but we are a way off for the moment. >> let's focus on the uk for a

moment. wage growth suggested the chances of seeing another cut from the bank of england have been diminished really. i would like to understand as you look at 2025, how do you think the dynamics are more tariffs from the united states and more budget issues in the uk, how will that impact monetary policy and how we see performance from uk equities as well? >> in terms of the bank of england, pressure will remain key. at the margin, if the fed is continuing to ease at the same time they are cutting rates, that makes it easy. the key thing is will wage growth continue from here? wage growth is still heading vaguely in the right direction. in terms of will they be able to cut in february? two months time which everyone expect? probably they will. again, we are looking at rates coming down to 4% by the end of next year. a couple of months ago, it was a

good .50% lower. in terms of equities, particularly more midcap stocks, the domestic environment counts. that's looking better. people revised up their growth numbers instead of down. equities are super cheap. >> when it comes to the gdp expectations, they were not as bad as they were at the start of the year. in the grand scheme of things, it is positive. i would like to look at china for a moment because there is a narrative among market players about how they were not really impressed by the stimulus measures we have received thus far. are you pricing in further stimulus from china? how are you thinking this could impact equities going forward? >> i think one way of looking at it is the measures announced so far were necessary, but not sufficient. in terms of bailing out the local governments, they needed to do that. that hasn't provided immediate stimulus consumers were looking

for, but it is something they needed to do. they do need to do something for the consumer and our guess is they will do that and surely they haven't done it yet, but further measures are coming. we are expecting further stimulus. >> we are pushing the end of the year. i would like to get your thoughts on how you are looking at 2025 because 2024 was focused by all of the elections we had. perhaps we will get another one in germany in the long future. when you think about the changes with the expectations of monetary policy this year, that was one of the main market narratives. what do you think is the main driver for the markets in 2025? >> the way we look at it, it will remain an exceptionally uncertain environment. the ies, whether trump goes ahead with the radical tariffs proposals he's got and if that feeds into a trade war and what will the fed do a the

back of that? it will remain data dependent that central banks said all along. what does he do on tariffs? we are keeping our big message, you have to be diversified. you don't know when the out performance will come to an end. you look at valuations and you have to be diversified. >> l right. we will continue the announcements from the trump trags. administration. thank you for your time. that was rupert thompson. coming up on the show, we will be looking at infineon. the company expects a sales slowdown in the next fiscal year. 'lbrk wnheumrs after this break.

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welcome back to the show. let's get a check on some of the corporate stories we are monitoring this morning starting with bayer. the company cut the full year earnings target after a net loss of 4.2 billion euro in the third quarter. this as the german bio-tech company said it fell short of analyst expectations citing losses in the agriculture business. and indeed shares of bayer are tracking lower and the worst performance in the stoxx 600. in the pharma space, astrazeneca raised guidance and other earnings beat expectations. the pharma company will spend billions into research and development in the united states. in the telecom world,

vodafone will seek guidance in germany. the british telco group posted better than expected group of first half revenue of 15.1 billion euro. soft bank returned to net profit in the second quarter driven by higher share prices of companies part of the vision fund. the group started investing in tech stocks this year following a more defensive strategy last year. soft bank also kept the full-year dividend unchanged. speaking after the results, the cfo said the vision fund performed well of the year. >> translator: when we see the big downs, we try the conservative methods. i based on history, we were able to make a good result. so we like to maintain a

conservative view. infineon says it expects a slight decline in revenue next year after posting an 8% sales drop to just under 15 billion euro for the fiscal year 2024. this as the ceo said there's hardly any growth momentum in our end markets except from a.i. infineon left its dividend unchanged at 35 cents per share as well. shares tracking higher by more than 3%. the cfo took me through the firm's fourth quarter. >> the final quarter of q4 came in line with our expectations. we had very good traction, for example example, in the automotive base and the a.i. and smartphone server business. that drove the revenue and profitability increase from q4

compared to q3 2024. >> talk to us more about the automotive segment. it contributed to the increase in revenues. we know this has been part of the business that has struggled in the past. where is this increase coming from at this stage? >> if you think about automotive, at infineon, it is different compared to other suppliers. we have a different exposure in terms of regions and in terms of business content. therefore, even, i would say in a challenging automotive year '24, we were able to grow by at least 2% which is an outlier. why is that positive? it is the regional exposure. for us, automotive is a market with number one in china and number one in korea and leading in japan, u.s. and europe. there as a diversification.

you know the chinese market was very strong on hybrids. secondly, we are very well exposed to what we call automotive control business and power business which goes very much into not only the electrification of cars, but digitalization of cars. autonomous driving. these drivers keep increasing the content per car even if the number of cars being produced is flattish. that was the key driver for the increase in revenue and profitability in last fiscal year. >> i also asked sven how the company is preparing for a more protectionist world now with donald trump on his way to the white house. >> as you can understand i will not now speculate on policies that may be decided at a later stage. you are quite right. we are living in a different

world for quite some time. where supply chain resilience plays a higher role than the past. how we are preparing for that? we are diversifying our footprint. we have manufacturing in europe and manufacturing in asia and manufacturing in the u.s. we are managing the business in a way that we have more back ups. more resilience in the system. i'll give you one example. on the silicon carbide development, for our customers, it was not good enough to have one fab here in europe doing the carbide development, so we are doubling down in asia. this increases the supply chain, but that's the price we have to pay. yes, i'm happy to say this is not a positive development, but we are now used to these

tailorred constrains and we are managing them. >> just to state you highlighted the national support has been. we now are looking at a potential snap election in germany. what i would like to understand is whether the political environment is making your life harder to plan for the future. >> yeah, as i said, the geopolitical environment globally is not without challenges. we are used to the situation. the situation in germany is personally i hope it is resolved soon. given the period we are in, it is not good for germany, it is not good for europe and not good for the economy if we don't have a stable government. we are looking forward to having a stable political situation here soon. >> infineon is another example of how politics and business come together, really, because

you heard the cfo there and the ceo also spoke yesterday about the potential implications of a trump presidency for their business and there are clear concerns about what a more protectionist world means for the company, particularly when it comes to potential higher costs. this more broadly speaking is a trend we are witnessing across the globe. when you look at what outh korea announced on monday, everyone seems to realize how important the sector is and, of course, everyone is very much concerned about what more protectionism could mean for this sector. let's see what will continue to happen over the coming months and years. naturally, perhaps in more detail when donald trump actually takes over the white house when he becomes the next president of the united states. how that could be impacting this sector as well. for now, let's check on the energy space. shell has won its appeal against

the landmark climate ruling in the netherlands from 2021. the order to sharply reduce greenhouse gas emissions. today, the dutch appeals court dismissed all claims against the company and said it has the liberty to decide for itself how it will reduce emissions by climate. shell said it welcomed the decision. diplomats at cop29 have voted in favor of the carbon market which governs the carbon credits paving the way for the u.n. backed global market to fund green projects. despite an early win on the first day of the conference in baku, it was rushed through without proper process. and speaking today, the ceo and executive director at u.n. global compact said businesses

are xious for the environment. >> it is important to focus on two things. accountability. so there is a huge discussion on the contribution. they tell us they want high ambition from government to set that high ambition for decarbonization. that is the first. the second is the piece around climate finance. you have seen it all around. mobilizing to keep 1.5 alive. to do that, they see a contributor, but they want the initial commitment to derisk the finance and environment and provide a level playing field for finance and capital. >> we have dan murphy with us. dan, it has been 24 hours since the start of cop29. perhaps highlight how the conversations have evolved so far. >> reporter: well, as you just heard, we saw that early breakthrough on the carbon markets framework.

that's been celebrated here on the ground at cop29 in baku. of course, it is only day two. earlier today, we saw some of the world leaders continuing to arrive and getting set up for what is going to be, no doubt, a whole range of really important conversations to come over the coming days and into next week as well. of course, the expectations for this cop were always going to be quite low because there are few g7 leaders on the ground and, of course, absence like u.s. president biden and, of course, chinese president xi jinping are not appearing in person. really underscores how this is perhaps more of a technical cop, a cop where the conversation is going to lay the ground work for cop30 in brazil next ear. nevertheless, a big focus this year on financing as well as what these leaders and, indeed, the private sector can do to bridge the gap on the trillions

of dollars that will be required annually to accelerate the climate agenda and conversation. separately, politics playing a really big role here with some saying the rrival of donald trump in the white house will throw a shadow or a cloud over the future collaboration moving forward giving his plans to pull the u.s. out of the paris agreement. nevertheless, foreign policy here on the agenda. i had the opportunity to sit down with the iaea general on the eve of his visit to iran. of course, as we see tensions with iran and israel ratcheting up and at the same time, lots of question markets about how the trump administration is going to approach the middle east foreign policy headache moving forward. will we see a return of maximum pressure or sanctions coming on

iran as well? these are just part of the questions. let's listen in. >> we can't wait until certain things happen in washington because as we do that, the problems that we are trying to address get bigger. centrifuges are spinning even if you are not moving. we need to see what iran is ready to do with us. we need to make sure that we have a solid base to work and i'm sure this would be welcome in washington as well because before setting a course, the new administration needs to have an idea, a real idea. not a commentary or analysis from abroad. we are the only ones there seeing what actually happening. being there is important. i'm sure we will have contact

with the new administration in washington or with israel. all the actors that are converging around this very critical problem that we have. >> reporter: grossi speaking to me earlier about his visit to tehran and the conversations that he is about to have with iran's new president about a way forward here. of course, as i mentioned, how the trump administration approaches that major foreign policy issue in the middle east is going to be very closely watched and whether on accelerating the moves away and building on the process that

was made. silvia, back over to you. >> thank you, dan. we look forward to the rest of the coverage out of cop29. now from energy into tech. europe's biggest conference web summit is back and karen is on the ground. karen. >> reporter: silvia, that's right. a lot of technology companies here in lisbon that are wondering what the return of donald trump to the white house will mean for their business and their industries. we'll be speaking to the ceo of a.i. company sarah franklin coming up next.

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hour. european equities fall in early trade adding to negativity from the asian session despite gains from wall street. the momentum from donald trump's victory pushes bitcoin to the fresh record high just shy of $90,000. soft bank returns to profit in the second quarter beating expectations amid strong share price gains in the listed vision fund companies. bayer shares slump to 20 year lows as the company cuts outlook for the crop sciences unit saying the agriculture market has been weaker than expected. and infineon shares reverse course bouncing higher despite warning of slower sales in the coming fiscal year. the cfo tells cnbc long-term trends remain positive. >> there's a very healthy strong demand that before the demand can be translated into new

apparent higher revenues, you need to first digest it. now we are looking at quite a negative session thus far for european equities this tuesday morning. look at the stoxx 600. we are now down .7%. yesterday, actually, the benchmark posted gains of 1%, but they are reversing those gains today. this as investors seem to be a lot more focused really on what a new trump presidency could actually mean for some of the european equity space. let me show you how the different bourses are trading at this stage. we are continuing to pay closer attention to what is happening in germany amid the snap election. we still don't have a date for the election yet, but we continue to monitor the comments from the german officials to know when that will take place.

at this point, the dax is down .6%. we have red across the board with the cac 40 or the ftse mib. all of the boards trading in the red at the moment. let me take you to the different sectors as well. there say different story happening here today. when you think about the best performing sectors at this stage, tech is trading higher. one reason behind that is the earnings we have received thus far. indeed, investors are overall trying to understand a perhaps more protectionist united states could mean for european companies. let me show you what is trading at this stage. basic rest sources is down 1.7%. here we are still looking at lower metal prices as well. so that is adding more to the sector. more broadly speaking, investors are trying to figure out what china is going to do next. speaking of china, we continue to see downward pressure with

household goods stocks for european equities, because, of course, they are quite exposed to what happens in china, too. let me show you how u.s. futures are trading at this stage so we understand how we are likely to open on wall street today. this suggests it could be a mixed start to the session on wall street after what we have witnessed over there which has been, really, such a strong performance for u.s. equities. yesterday alone, the dow, s&p and nasdaq posting fresh all-time intraday highs. indeed, tech was actually the worst performing sector which is quite interesting when you think about the overall performance for wall street. and speaking of tech, europe's biggest annual tech conference, the web summit kicked off in lisbon with artificial intelligence innovation becoming some of the more spoken themes of the stage.

expectations for the industry are high as the former u.s. president donald trump returns to the white house with industry executives hoping for less regulation and a more tech and business friendly attitude from the new administration. karen joins us now live from lisbon. karen, perhaps, give us an update on what has been happening on the ground thus far. >> reporter: silvia, thank you very much. i'm actually joined by a guest sarah franklin. the ceo of lattis. >> thank you very much for having me. >> reporter: you have taken over the reins from jack altman. you came from salesforce. talk to us as how the company is set up and where you see its future. >> lattice is a people company. the company is now the size of salesforce when i joined it 15

years ago. so, we are set up to really help every company, especially in the age of a.i., help unlock the potential of people. >> let's talk about how disruptive that can be. some believe you will see a changing of the main players in salesforce and perform on a.i. better than microsoft. microsoft and google are going at it and a bunch of companies behind the giants to tackle the moat. can you take on the big software giants? >> what we see with a.i. is an incredible innovation and it is happening super fast. this innovation, we need to keep people on track with innovation. yes, we can help meet this opportunity and bring everybody into it. salesforce and everyone has incredible technology with helping bring people along is what lattice is here to do. >> you saw the trump administration last time out for technology. this time is different and we talk about huge a.i. hype. do you think trump is going to

be friendlier for companies like yours particularly in light of regulation? >> what we care about is a.i. governance answer is in place. there is a lot of fear of what that means and innovation happening super fast. with the administration, we wouldn't want to make sure people is the future. >> you have computers you gave identities to, officially became employees whether it is a computer or algorithm. there was a pushback on linkedin. what went wrong here that these were not humans involved? >> there was a big misunderstanding of a.i. being human over governance. we want to make sure we have governance around it and transparency for what is going on. for people to be successful, need to understand who and what they're working with.

>> the launch of digital employees launch into the fears that a.i. will disrupt their work environment and be replaced by artificial intelligence. was it too early to push that and could that be a feature of the future? >> from my vantage point as a tech ceo, they that topic was early and people were fearful. you saw that fear and reaction. now people are understanding and saying, oh, i see and i understand. yes, we need the education and yes, we need the transparency and accountability because a.i. innovation is happening so fast and we need to keep people on par with that so humans are successful. >> what are we gleaning with the productivity gains from a.i.? one all is a deep investment right. you may not get the outcomes to justify the investment. what are you hearing with the

productivity gains and investment? >> we are definitely hearing from customers there's a lot of experiments. we see people pply a.i. with the hr giving them answers in real time. we're going from ex-that. >> you do hr solutions for the tech sector. are they more advanced in adopting a.i. for productivity gains versus broader sectors? >> it is interesting. tech companies are not necessarily the leaders in terms of adoption. it's across industry and companies that have that forethought into modernizing their experience and having the

courage to bring a.i. in responsibly are going to have extreme advantage over the competitors. that's the thing to every ceo to make sure you are responsibly bringing this in. >> sarah, thank you very much for joining us here at web summit. sarah franklin. plenty more coming up from the technology event. now in germany, senior party officials from the social democrats and opposition christian democrats have reportedly agreed on february 23rd as the date of federal elections. this would require the chancellor olof scholz to hold a confidence vote on december 18th. scholz is said to give a 30-minute statement tomorrow on how he and the government intend to proceed following the collapse of the ruling three-way

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welcome back to the show. now shares of nissan closed almost 13% higher after activist investigator took investor took a 2.5% stake in the company. shares fell sharply after announcing cuts to the production can capacity and operating income with thousands of job cuts. let me take you to tesla

pre-market shares as well. this is a stock that has benefitted from the recent trump trade. at this stage, pre-market shares are moving higher for the stock. yesterday, we saw tesla shares rallying almost 9% as indeed investors are quite bullish on the fact that elon musk has been one of the main supporters of donald trump. and, of course, in the wake of the election result, there has been quite a lot of positive momentum behind tesla. let's see where this is going to go. now another asset class that benefitted from the trump trade is cryptocurrency. bitcoin is moving lower compared to moves we had seen earlier today. we are still quite close to the $90,000 mark. indeed, with investors very much positive on the fact that donald trump has been reelected and market players believing he will be a positive for this industry.

let's understand why with pascal from 3g. thank you for being on the show. perhaps explain to us why everyone is confident donald trump is going to be positive for the industry when he is not yet president and we don't know what he's going to do. >> that's a great question. what we are seeing is the outcome of the blackrock etf. outflows are coming in from the investors that are started to look at the asset class. we are talking about donald trump today in hopes of bringing regulatory clarity and bring back innovation into the u.s. markets, a lot of the inflows are coming from investors. it happens to coincide with the election clarity. what we are seeing is inflows from investors who have taken the past year analyzing the asset class.

bitcoin is an asset class and we run etfs and we see a supply shock happening in realtime. there is less and less bitcoin available and that is creating an upward trend in price and hour by hour live in the markets. >> you are highlighting three dynamics here, not just about donald trump. it is quite fascinating how there is more than one dynamic here. what i would like to understand as well is what are clients telling you at this stage because it feels there is quite a lot of bullish in the sector, but do you get a sense that people are here to stay? is this a long-term play? >> there are two type of investors. they are looking at market die nam ick dynamics. many are looking for a buy and hold strategy. they are taking a longer term view at the institutional level,

and they are not worried about the immediate price action. it is more as they go in and what's the position size. right now, we are seeing and most people we talk to in the rooms all have some allocation or planning to allocate in the next yeerp.ar. is it bitcoin or bitcoin and beyond? the conversations compared to a few years ago have shifted in a very positive trend for the crypto space. >> talk to us about concrete steps? not too long ago, i spoke with someone in the crypto industry that was highlighting to me how the regulation in europe is so clear and how that has benefitted them and performance on the continent compared to stateside. what sort of concrete steps would you welcome from the trump presidency to have a little more clarity on the crypto industry? >> i think fundamentally and we

witnessed this in canada and other countries, ideally, we want to see the deep polarization of the space. is bitcoin going deep republican? trump is moving that forward. the space in general is coming together to educate cross party lines. for us, this is super critical as a company looking to grow into the u.s. it is healthy for the space. as you remove it from the party line, it becomes general for the entire population and allows for clarity at the s.e.c. or cftc level. there are two regulators. clarity on those two. where will it sit? having individuals in those positions beyond gary gensler that will help drive clarity for the space. that will just give clarity for not only institutional investors in the u.s., but japan who is waiting after the u.s. because the japanese market is set to open up for digital assets in the institutional market. our parent company from japan.

what we are seeing and we're excited about in '25 and '26 is clarity at the u.s. markets in the s.e.c. level and that will open up a lot of the asian countries and that brings in massive adoption into the space. >> how are potential concerns here because we saw with the announcement of world leaders, with that announcement, there were members of the crypto industry that were concerned with the reputation of the crypto world now that donald trump has the market? are you worried going forward or if there is a risk for the industry? it may not just be all positives? >> we witnessed this four years ago with ftx. like any industry, like the early web or early a.i.,es set

et cetera. you have to showcase there are adults in the room. groups are here serving the best interests of investors and working with politicians and demonstrate this is a serious industry. of course, you'll always have different companies trying to take advantage of the space. you will see less and less of that. compared to a few years ago, it is dominated by the adults in the room right now. >> i would also like to understand the dynamics here. europe is often blamed, really, for the levels of regulation they have. when it comes to crypto, the industry has welcomed that step. what i like to understand here is what part of the world is actually looking more attractive to you. you highlighted how asia is opening up to the asset class as well. where do you think the a attractiveness is when you think about the world? >> sure. in terms of innovation clarity, we see europe or certain parts

of europe, switzerland as well as the middle east really attracting a lot of the talent while the u.s. was basically on ice. right now, what we're excited about is the u.s. markets as the regulatory and politician concern becomes clear and the japanese market. for us, those two markets are the next two legs up and broad institutional adoption. again, adding to europe and middle east and japan and hong kong and the global clarity in the asset class. exciting times ahead. >> we'll continue to monitor those. thank you for your time this morning. that was pascal, ceo of 3iq. speaking of japan, the investment bank has named a number of japanese stocks that could trade like bitcoin. check out the key names on cnbc.com. stick with cnbc for the latest on all things crypto and

fintech. our u.s. colleagues will speak to the ceo of robinhood vlad tenev and before the conversation brian armstrong, the founder of coinbase. counting is still ongoing in the u.s. house of representatives and nbc news not able to project control of the chamber. the party is four seats away of a sweep in congress. meanwhile, president-elect trump is expected to name marco rubio as secretary of state in the coming days according to sources familiar with the process who spoke to nbc. trump could still change his mind on the appointment, he said. he tapped mike z as a house

member. the president-elect is lanning to select the south dakota governor as secretary for homeland security according to nns. noem was tapped as the vice president hopeful will take on the key role with trump cracking down on immigration into the u.s. nbc's brie jackson is joining us from washington. brie, always good to see you. highlight for us how important these reports are and whether we are getting any sort of clarity really about how the next u.s. government is going to look like. >> reporter: good morning. what we are getting right now is a glimpse of the direction that president-elect trump plans to

go with his second administration. he is quickly filling key roles. he named former epublican congress member to head the agency and mike waltz as national security adviser. we know when it comes to control here in congress, republicans have taken the majority on capitol hill when it comes to the senate. they are expecting to vote on a senate majority leader as soon as tomorrow. former president trump or president-elect president trump is urging those to fast track positions without senate approval. mr. trump is expected to meet with house speaker mike johnson and the new senate majority leader on wednesday when he comes to washington, d.c. to meet with president biden at the white house. >> we will continue to monitor all of the developments. it is an exciting times as we are witnessing a change, really,

in policy in the united states. we'll continue to monitor what that means for markets. speaking of markets, let's get a check of europe has been trading so far this tuesday morning. we are seeing red across the board. the stoxx 600 is trading lower at this stage by about .9%. looking at the major bourses, all of them in this negative ground so far indeed as investors are looking to what a trump presidency means for the european companies. this was the message when the asian equities ended the session too. let's show you wall street. there could be a change to the narrative stateside. yesterday, all of the major indices with fresh all-time highs. that could change today. we'll find out later on. that is it for today's show. i'll see you back here again tomorrow.

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it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." stocks coming off their longest one streak in two months as the dow and s&p do something for the first time ever. small caps are surging with the russell 2000 knocking on the door of the all-time high. and we are watching bitcoin with the nonstop rally to $90,000 and beyond. plus, trump's cabinet is taking shape