i'm willem marx. >> i'm joumanna bercetche.are your headlines >>> hurricane florence is just moments away from making landfall on the u.s. east coast pounding north carolina with a life threatening storm surge and heavy winds. >>> european stocks gain on hopes of renewed trade talks between china and the u.s., but billionaire hedge fund manager david tepper warns it could lead to a market selloff amid the late stages of the bull run. >> if you ask me, i think it's late-inning game i'll say it a different way than the sixth, seventh inning. i don't play the way those other guys play. i could say it's the eighth inning, but sometimes baseball goes extra innings. >>> mark carney reportedly says a no-deal brexit could lead to economic chaos and a property crash. but jd whetherspoon's chief says the bank of england governor is exaggerating the effects >> i'm someone who thinks, and a lot of people do, thinks we're better off with no deal. poor old mark has not had much to do, he had to put interest rates up once and down twice in th

i'm joumanna bercetche these are your headlines >>> moody's warns a no-deal brexit will damage britain's economic and financial strength as cabinet members gather for crunch talks. >>> european equities follow asia higher after the white house reaches out to beijing to set up another round of trade talks. >> treasury department is in communication with china i don't want to get detailed i'm just saying we're in communication right now. you could say that communication has picked up a notch. >> natxis announces a plan to sell several specialized businesses >>> and authorities in the carolinas warn of gas shortages and power outages as hurricane florence prepares to make landfall tomorrow. >>> welcome to "street signs." it is thursday, it is central bank day a bunch of meetings coming up later. first i want to talk about what's happening in energy overnight. so just looking at some of the price action we have crude trading close to $70. brent very close to that $80 mark, almost at $80. again the tension has been building over the last couple of weeks or so, not only because of the hurrican

i'm willem marx. >> i'm joumanna bercetche.e are your headlines shares in wpp plunge to the bottom of the stoxx 600 after the ad firm cuts its profit margin guidance. the ceo says he will update the strategy by the end of the year. >>> danske bank shares drop after a money laundering investigation reportedly finds the bank handled up to $30 billion worth of nonresidents money a year through its estonia branch. >>> the emerging markets selloff intensifies with currencies across southeast asia and latin america bearing the brunt of the pain colombia's central bank governor tells cnbc he's watching developments closely >> so far in these financial markets, it's been good and bad for latin america. peru, chile, colombia very stable others are volatile. >>> and italian banks open higher as yields come off three-month highs. the economy minister calls on ruling mps to keep next year's budget deficit below 2% of gdp >>> all right. we have more data coming out of the uk yesterday we had weak manufacturing data, about a two-year low we

i'm willem marx. >> i'm joumanna bercetche. these are your headlines >>> russian president vladimir putin and chinese president xi jinping speak out against protectionism as the two countries strengthen ties. >> in order for our region to continue t achieve high growth rates it should retain the spirit of economic freedom, to be the space of business initiative without sanctions, bans, and political bias. >>> european commissioner president jean-claude juncker talks up multilateralism in his state of the union and says a united europe is an unavoidable force in world trade >>> anticipation over apple's product event takes the bite out of trade concerns sending the stock into the green >>> and the worst storm to hit the carolinas in over 60 years emergency officials warn hurricane florence will be extremely dangerous with life threatening storm surges and fierce winds >>> let's check in on how markets fared. you talked about apple and how that worked out yesterday. you can see the picture in europe this morning is pretty firm we

i'm willem marx. >> i'm joumanna bercetche.e are your headlines >>> shares in bayer fall to the bottom of the stoxx 600 after missing earnings expectations. the ceo defends the monsanto weed killer and insists it's safe to use. >> we are very, very confident about the product, the safety of it >> ultimately the signs will prevail making sure this product which is crucial for farmers around the world will remain available. >>> global stocks struggle as the u.s. and canada prepare to resume tough nafta talks in washington where officials are also preparing fresh tariffs on another 200 billion of chinese goods. >> facebook's sheryl sandberg and twitter's jack dorsey get ready to testify on capitol hill but google owner alphabet declines the request. >>> and amazon joins the trillion dollar club briefly the stock surges to double its value from 15 months ago >>> more data coming out of the uk we had the eurozone services number now we have the uk august services number. that's come in at 54.3, versus the reuters poll of 53.9 slight

i'm joumanna bercetche these are your headlines a sea of red across the italian market banks bear the brunt of the selling as bond yields spike on concerns over the new budget. >>> the italian government claims a victory on spending amid reports that the president urged the finance minister not to resign and ahead of a potential collision with brussels over deficit levels. >>> advertisers take a hit in early trade after manhattan prosecutors reportedly open an investigation into media buying practices. >>> and tesla's ceo. elon musk, calls fraud charges against him unjustified. >>> welcome to "street signs." happy friday there's a lot to get through today. i want to talk about some activity in u.s. markets all three major indexes ended up in the green asian markets, the one theme was the nikkei back at 27-year highs for the japanese index, helped by the weaker yen and some performance of exporters europe, the number one story is that of the italian budget proposal coming out at 2.4% and sending jitters through the european market. the stoxx 600 down 0.6% one hour into trading let's ge

i'm joumanna bercetche these are your headlines this morning.e house adviser peter navarro tells cnbc china must stop ripping off america when it comes to trade, beijing warns u.s. exporters will get hurt in this trade war >> they know what needs to be done the challenge, of course, is that they engage in so many egregious practices it's difficult to get a deal with china than it would be with mexico there it is. >>> sweden's prime minister will step down after he loses a vote of confidence sending the krona lower against the dollar. >>> comcast gets busy buying up sky. the u.s. cable giant acquires over 500 million shares at its offer price and is looking to buy more to reach its 50% target. >>> and next raises its full-year profit guidance after sales in august and september top expectations despite an >>> european markets are trading in a slightly more positive tone than we got out of u.s. equities yesterday. we had the worst day in months for the dow which ended the day about 0.7% lower the picture in europe is positive up about a quarter pe

i'm joumanna bercetche these are your headlines. >>> big day for brexit european leaders arrive for a second round of talks but progress is slow as the uk prime minister says her deal is the right one but eu leaders warn an agreement is still far off >> it was interesting. it was polite. it was not aggressive. she's doing her job. >> banks lead gains across europe as easing fears of a u.s./china trade war provide a tailwind for markets. >>> aston martin races ahead after announcing an ipo price that values the carmaker at 5 billion pounds. >>> and old mutual shares rocket to the stop of the stoxx 600 after the financial conduct authority dropped a probe into the company's treatment of customers. >>> we are just getting the announcement from the norwegian central bank about their monetary policy. central bank, this one has not really done anything, they kept the key policy rate at the current level. pretty much in line with expectations they were not expected to make any changes on monetary policy they're updating their growth and cpi forecast from what i can tell the core cpi forecast

i'm willem marx. >> i'm joumanna bercetche.e are your headlines >>> president trump uses his speech at the u.n. to slam iran and opec but his comments about achievements in the white house draws a mixed response >> my administration accomplished more than almost any administration in the history of our country america's -- so true didn't expect that reaction, but that's okay. >> european equities trend lower let down by autos ahead of the fed policy decision where a third rate hike has largely been priced in. >>> and italian deputy prime minister luigi dimaio warns his five-star party will pull from the budget if his demands are not met. >>> and a loss for ubs but a gain for santander the spanish bank names andrea orcel its new ceo in what coul mark a shift in strategy for the retail lender. >>> the italian government will announce its 2019 spending deficit and debt targets tomorrow, this is after weeks of disagreement inside the coalition. the liga and five-star parties have been pushing for the things they campaigned on, univ

i'm willem marx. >> i'm joumanna bercetche.r headlines >>> a relationship built on trust. president vladimir putin heralds the bilateral meetings here in russia's far east with the chinese president, xi jinping. >>> $100 billion worth of deals are put on the table between the two countries with russia's sovereign wealth fund leading the way with an alibaba joint venture. >>> and arcelormittal drops to the bottom of the stoxx 600. this after it raises its offer for india's sr steel to beat out potential competitors. >>> over 1 million people are ordered to evacuate the carolina coast as hurricane florence prepares to make landfall as a category 4 storm. >>> all right. we're getting some uk employment data out of course we had that nfp number on friday where the wage number surprised to the upside. what we're getting in the uk is the average weekly earnings coming in at 2.6% in the three months versus a poll of 2.4% again, a beat on expectation there's similar to what we had in the u.s. last friday. wage numbers beginning to move

let's get out to joumanna bercetche for more at the european banking summit in brussels a lot on theda there today. >> absolutely. one thing is the murmur, lots of talk about consolidations going on, perhaps 2019 could be the year where we see the cross-border mergers take place. another topic is that of brexit and the impact it will have on the european financial industry. i have a special guest with us in the form of the former euro group president, jeroen dijsselbloem i was listening to your keynote speech lots of interesting points raised there the first thing i want to ask about is brexit. we are getting close to crunch time there doesn't appear to be any clarity inside financial services what impact is that having on the european financial system >> i'm worried about the outcome of the brexit process. we seem to be heading to a no deal situation if the trade deal is worse, the more impact there will be on the financial sector and relations between the city and the eu. the city is still very important to the eu. i'm worried about the disruption that will come from that in the sh