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i'm julianna tatelbaum >> and i'm sylvia mauro.hese are your headlines >>> investors await the u.s. inflation print hoping it ends the fed hiking cycle >>> and guarantees from the german state and the parent company as soon as tomorrow. >>> guess who's back former prime minister david cameron comes back as the new foreign secretary. >>> ubs' forecast 275 basis points in cuts next year four times the average the global chief economist says the u.s. central bank will soon be forced to address recession pressures. >> accommodative is 250. if you start from 5.5, you need to accommodate that is where the market debate is >>> warm welcome to the program. pleasure to be here with sylvia this morning let's start with the iaea. we have a fresh monthly report from the agency. here is what they have to say. the i aaea raised the global oi demand to 930,000 barrels a day up from 880,000 per day previously notable jump in demand growth expected in terms of the saudi-russia cuts, it is set to keep the market in a deficit through year end. chines

we have our jp in the newsroom and julianna tatelbaum in london.p, let's start with you. >> the asian stocks followed some of the same losses we saw on wall street. there could be a number of reason. the escalation between israel and hamas capped off a lot of uncertainties. it spurred some of the outflows making it one of the worst performers in the region for thement of october. but i want to focus on two particular reasons and factors that might have weighed on sentiment here in the region for that particular month, and one is the worry of a continuing china economic slowdown. home prices looking under pressure as china starts to decide will they or won't they support stimulus with the world economy which is connected with many of the economies in the asia region. the property sector saw things escalate after country garden, one of the biggest developers in china, defaulted on one of ids bo its bonds. also the overall health sentiment with regard to china's markets and financial system is something to watch out. if the other thing to watch out fo

. >> i'm julianna tatelbaum. these are your headlines. >>> commerzbank climbs of a net profit trooperles to more than 680 million euros and the german overhaul is beginning to pay off. >>> cheers scores and continues the momentum going into the holiday season. >>> there are shares breezing toward the top of the stoxx 600 on its third quarter earnings. ceo henrik andersson says the in industry is maturing. >> we need to find the winners and losers in the industry, and that always settles in over time. >> and the imf warns it faces a difficult task, urging decision-makers to keep policies tight, but tells cnbc the industry will avoid a recession. >> we're still not protecting a recession for europe, but clearly the recovery could be a little bit less. >>> good morning again. it's good to be back. we've been on and off the last couple of weeks. >> you've been busy in zurich, but at least we got to see you. >> i want to bring you some lines out of the ecb survey for anyone who's been looking at what the ecb have been

i'm julianna tatelbaum >> and i'm silvia amaro.hese are your headlines. >>> microsoft's ceo satya nadella says things can't go on like this. >> it is clear something has to change around the governance if that is -- we'll have a good dialogue with the board. >>> nvidia rides the a.i. wave with shares closing at an all-time high as they report a 70% revenue growth. >>> u.s. secretary janet yellen says they will fight against inflation, but says there is more to be done in a cnbc interview. >> we're making considerable progress in bringing inflation down, but americans do know this from higher prices with what they are used to be accustaccusd >>> and volkswagen is marking the 15% gain thanks to france, italy and spain. >>> warm welcome to "street signs. let's get to the top story this morning. the open a.i. saga continues to roll on. more than 90% of the 770 employees have signed an open letter to the company's board. threatening to allow sam altman and greg brockman to microsoft unless all current board members resign unless they re

. >> and i'm julianna tatelbaum.hese are your headlines. >>> european shrugs off the moody's move as we look to the key u.s. cpi print. >>> and novo nordisk publishing positive results from the cardio trial. >>> and u.s. president biden and chinese president xi jinping gear up for a meeting in san francisco as janet yellen lays the ground work trying to ease tensions with her chinese counterpart. >> we do not seek to decouple our economies from china. this would be both damaging to the u.s. and china and destabilizing for the world. >>> and uk prime minister rishi sunak sacks his secretary braverman accusing the police of bias against demonstrators. >>> good morning. welcome to "street signs." we have breaking news coming in from the uk political scene in the last 15 minutes. according to various uk media reports, the home secretary braf braverman has been sacked. the political reporter says there will be a replacement. these are live scenes of cars pulling up in front of 10 downing street. a cabinet reshuffle had be

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i'm julianna tatelbaum, and these are your headlines control, alt, repeat sam altman returns to openai less than a week after his shock ouster with a new look board, bringing in taylor and former treasury secretary larry summers. >>> nvidia third quarter revenue triples as the chipmaker benefits from the ai boom. >>> israel and hamas agree to a four-day humt pause as part of a deal that will include the release of hostages and prisoners from both side . >> reporter: and we're live in westminster ahead of the autumn statement as the governor considers tax cuts amidst totally high inflation >>> our top story this morning, sam altman is back at open ai as ceo after a roller coaster few days altman who was ousted as chief executive on friday says he loves the company and is looking forward to returning where he will work with a new board altman's departure did not sit well with openai's staff, many saying they would quit his return had the support of key backer microsoft the board will see new members take the rein, bret taylor and larry summers as well as adam deangelo. >>> microsoft ceo

i'm joumanna bercetche >> and i'm julianna tatelbaum.appy friday these are your headlines >>> the rally grinds to a halt with the european majors closing on a downbeat note after jay powell strikes a hawkish tone leaving the door open for further rate hikes >> we are not confident we achieved such a chance inflation has given us a few head factkes along the way. if it is appropriate to tighten further, we will not helsitate. >>> and the shine comes off after the swiss group posts a miss on the first half profit. >>> diageo turns off the tap as a cut to the growth forecast for the next half puts it at the bottom of the stoxx 600. >>> spanish prime minister sanchez strikes a controversial deal with the acseparatists sparking protests across the country. >>> good morning happy friday yesterday, julianna and i were talking about our producer david, and his reflections on the market and price action. it is moderate but momentous in terms of gains guess what all that turned negative after powell's speech indicating that the fed is still somewh

i'm joumanna bercetche with julianna tatelbaum in loon with steve sedgwick and dan murphy join us fromhe p-28. here are the headles. >>> egypt handing over the keys as the climatehange conference gets underway here in dubai. thisll over issues with the host country. the world onomic president sets out the agenda. >> we are expecting them to increase 1.5%. that's not a very optimistic start. >>european equities are on pace to end the month on the front foot with the stoxx 600 on trk with the best monthly performance since january. while u.s. majors eye the biggest monthly gain of the year. >>> and abb raises its target as we speak to the ceo bjorn rosengren this hour. >>> and blackmail money? go [ bleep ] yourself. but go [ bleep ] yourself. >> elon musk launches a tirade at advertisers boycotting his platform after his anti-semitic posts. >>> warm well come to "street signs. the cop 28 is set to take place in dubai. u.s. president joe biden and xi jinping will not an behind. the host scrutiny. the special envoy for climate change is the eo of the oil company and faced allegations to us

i'm joumanna bercetche >> i'm julianna tatelbaum.hese are your headlines >>> chinese consumer prices fall faster than expected in october amid weak post-pandemic demand underlining the challenges of the economic recrecovery. >>> airbus falls in the cac 40 as they talk about supply chains. >>> and adyen slashes guidance and disney shares move higher after the house of mouse posts a third quarter earnings beat and bob iger pledges to restore profitable growth. >>> good morning warm welcome to "street signs. let's get' c a check of the equy mae markets. the cac 4040 is leading the market and yesterday, we had stocks on both sides of the atlantic move higher it was a fairly lackluster session. the s&p 500 did close in positive territory it its eighth gain since 2021 as you see, the u.s. futures indicating a lackluster start to trade today. let's get a check of wall street traded yesterday across the three indices. as i mentioned, s&p closed in positive territory, but ten basis points higher. nothing to write home about in scale of the mo

i'm julianna tatelbaum here in london.oumanna bercetche is in zurich and these are your headlines. >>> ubs shares pop as it reports $22 billion of net new money inflows offsets concerns of integration costs as the swiss lender posts the first quarterly net loss since 2017. the ceo strikes a bullish note on what's next. >> the heavy lift will be in 2024. this is where i would say it is a volatile year. >>> china sees the sixth straight month of export declines. imf managing director speaks to cnbc as the fund hikes its growth outlook for the world's second largest economy. >> some progress is being made, but a lot more is needed which is why we have the specific recommendation of trying to hasten this process. >>> wework files for bankruptcy protection in the u.s. as it works to renegotiate debt after the start-up was once worth $1 billion. >>> and aramco and saudi arabia and allies vow to push ahead with voluntary output cuts. >>> warm welcome to "street signs." let's kickoff the show with the biggest mover in the market t

let's get the look at the european trading day with julianna tatelbaum in our london newsroom good morninglianna >> frank, great to see you we have a green started out wit trade. the positive momentum has been building now every major region is in positive territory you have spanish and italian up .60% apiece cac 40 is up .60%. dax is up .30% we have under performance in the ftse 100 around the flat line. the investors review data from china with the inflation data. on that note, let's look at asian equities as prices continue to fall in china. shanghai ending flat k nikkei is ending higher. and the company posted the investment gain on the vision fund with the sale of arm to softbank with the shares up 1% back in europe, astrazeneca is in focus it raised earnings guidance for the full year amid strong demand for the cancer drugs it now expects core eps to rise by low double digit percentage frank, back to you >> julianna, thank you very much julianna tatelbaum in our london newsroom. >>> and shares of gxo beat, but warns profit for the current quarter. it cut the full-year revenue guidanc

. >>> let's see how europe is shaping up with julianna tatelbaum in the london newsroom with more on the early action. julianna, good morning. >> frank, good morning. great to see you. here in europe, we are looking at modest losses in the equity market. similar to yesterday. you can see the majority of regions are trading lower. cac 40 is down .40%. similar for the ftse 100 in the uk. investors reviewing kmecomments from the ecb. christine lagarde spoke before parliament and they were not starting to think about cutting rates. today, another ecb member saying rate hikes are not necessarily over. perhaps that digested by the investment community in europe and contributing to the sentiment in equities. breaking it down by sector, you see a particular selloff in media and food and beverage and heal healthcare. household goods sector down 1.5%. oil and gas is also holding up .40% ahead of the opec summit and cop-28 summit. the banks are up 15 basis points. overall, frank. downbeat start to trade this morning. >> thank you, julianna tatelbaum. >>> we are going to turn our attention to chi

julianna tatelbaum is live in the london newsroom with the action. julianna. >> frank, good morning. here in europe, we are tracking u.s. markets closely. it is green across the board. fairly hefty gains. the cac 40 in france up 1.6%. dax trading 1.3% higher. bank of england in focus as it will announce the decision today. widely expected to keep rates on a hold at the 15-year high. that is something investors are watching. the italian market up 1.3%. the swiss market is lagging, but still up .90%. we are seeing outsized demand. industrials leading the way higher. technology stocks peuer perform well. a couple of earnings in focus. novo nordisk, this is the german listing. record results with sales surging one-third in the first nine months of the year. on october 13th, the company raised outlook thanks to demand to the diabetes and obesity treatments with wegovy and ozempic. it flagged constraints with wegovy. the stock is up 50% for the year. rotating the title thefor the european best performer. and shell raises buybacks with the current period wit

julianna tatelbaum is in the london newsroom. good morning, julianna. >> dom, good morning. we are off to a positive start. every region is trading higher. the majority of sectors trading in the green. bear in mind that european markets closed on friday before you had the late rally stateside. s perhaps a little bit of the catch up. the gains are broad based. dax up .30%. .80% for the italian market. the uk is in focus from the political perspective. major cabinet reshuffle from the government under way this morning. just in the last half hour, we have confirmation that former prime minister david cameron, he led the brexit referendum, is now coming back into government as the foreign secretary. that's the most surprising development in the uk the last half hour. keep an eye on those developments throughout the course of the morning. this is the split in europe. the majority of sectors are trading higher. food and beverage is higher. travel and leisure up 1.5%. i know you mentioned this on the program, dom, but novo nordisk is up 3% in europe trade this morning after novo ca

. >> i'm julianna tatelbaum.hese are your headlines this morning. >>> markets in asia surge with south korea's kospi gains 6% after a short selling ban. european equities get off to a lackluster start as wall street comes off the best week of 2023. >>> signal down. shares drop after the carrier board agrees to sell the land mine network to kkr despite fierce opposition from shareholders. >>> ryan air posts a 59% jump in profit for the physfirst half oe fiscal year. the budget carrier strong earnings see a better sector in the second half. >>> and warren buffett snaps up treasury bills while the cash piles sets a record $157 billion. >>> warm welcome to "street signs." happy monday. we're back after a week off with the time change. i want to share fresh figures. the october final pmi. services pmi has come in at 47.8. that was in line with the flafl flfl flash estimate. no surprise there. the provider of the data, hamburg commercial bank, said it looks like certiservice sector stumbling out of the gate. gdp of the

julianna tatelbaum is in the london newsroom with the early action there. good morning, julianna. >> dom, good morning. here in europe, we have been open for a couple of hours and we're off to a muted start. downbeat to categorize it. ftse 100 is down .50%. oil and gas stocks in europe are trading lower this morning in line with the pullback in oil that you pauwalked through, dom. d dax is down .20%. the ibex 35 in spain was trading higher this morning, but we have seen that market pare back the strong gains. the swiss market down .40%. it seems the downbeat trade we're seeing here started in asia overnight. you did see a pullback in stocks there. a muted tone for trading. we have flash cpi for the reason this week. that is key for investors as well as the opec plus summit as well. dom. >>> thank you very much, julianna tatelbaum. let's check on the top corporate stories with silvana henao. good morning. >> dom, good morning. elon musk is set to meet with israel president herzog today. the announcement by herzog's office comes over backlash of musk's platfor

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the dow would open up .25% higher this morning as we get to our london newsroom and julianna tatelbaum with the latest there. >> frank, good morning happy monday let me kickoff with what we saw in asia overnight. decent trading session we had red on the board for the nikkei 225 with japan down .60%. otherwise, a hong kong market rallied. shanghai coming off a strong week last week for global equities which saw europe and u.s. higher on the week on week basis. >>> turning to europe, we have green for the most part. the spanish market is outperforming ouall morning. cac 40 is up .30% we will get the autumn statement from the uk government which is the update on the spending plan. this is interesting after the cabinet changes that rishi sunak made last week including the former prime minister david cameron to the cabinet of leaders. one stock is dragging on the dax this morning this is a huge mover bayer. the chemical and pharmaceutical giant. stock down 20% this after the company had to halt a late-stage trial of the anti-clotting drug due to efficacy they had to halt that trial which wa

our julianna tatelbaum with much more from the london room. good morning. >> good morning to you. here in europe we're off to a pretty lackluster start as well, a little more so than what the u.s. futures indicate for stateside trade. you've got red for the most part. every major region was trading lower. now you have the spanish market dipping its toes into positive territory. the xetra dax is down, some big corporates recording their earnings. bayer, that stock under pressure after delivering results today. commerzbank performing quite well after delivering their latest earnings. ftse 100 down. the swiss market floodlining and you have underperforming in italy. >>> european retailers are split down the aisle. marks & spencer is soaring for the first time in four years. but the supermarket group is under pressure after cutting its profit outlook after they flagged margin weakness in the united states. you can see a very dramatic difference. the marx & spencer share price has had an extraordinary run, up nearly 100%. today's earnings no doubt giving more fuel to the fire. >> julia

for that let's bring in cnbc's julianna tatelbaum who joins us live from london.as we previewed federal chair jerome powell yesterday might, might delay raising interest rates for now. give us a little what he had to say and how is wall street responding. >> well, john, that signal was enough to get markets moving. u.s. stocks rallied, and that rally has filtered through to other parts of the world. we've seen asia and now european equities rally as well and futures this morning are positive. the fed kept rates unchanged as you said in its latest policy decision yesterday. but jerome powell said the central bank is keeping its decision open and isn't even thinking about rate cuts as at all. but the market clearly interpreting this as the fed potentially being done with its rate hiking cycle. and now the conversation likely to turn to when the fed may cut interest rates. it was enough to get markets going. the s&p closed more than 1% higher and the tech heavy nasdaq climbed 1.6%. now with the fed behind us, attention in the u.s. is going to turn to u.s. weekly init

. >> and i'm julianna tatelbaum. >> the investors cheer a soft u.s. cpi print and now see a first red rate cut in may. >>> germany's constitutional court rules berlin violated their set break in reallocating 60 billion euros in unused covid funds toward its renewal programs raising questions over its upcoming budget and fiscal policy. >>> shares in siemens energy are propelled higher despite a deeper than expected loss as the group secures a rescue package by the government. >> it's really, really important it's not karen and this is not state aid or anything like this, so i think there was a lot of misperception around this package. it is important to continue the growth. >>> and uk inflation cooled by more than expected in october, lifting the ftse 100 and sending sterling and gilt yields sharply lower. the chancellor says the country is winning the fight on rising prices >>> let's turn our attention back to germany. it's in focus this morning after the cost constitutional court rules the transfer of the pandemic fund is illegal friedrich merz has t

it's time now for business from cnbc london with julianna tatelbaum.g week. how is this week starting off? >> oh, jon, great to see you this morning. hopefully you had a great holiday weekend. as for u.s. futures, this morning we're looking at a pretty muted start to trade. downbeat but muted. we do have a number of indicators to look at. we'll have the preferred measure of inflation. we'll hear from a number of fed officials. and later this week we'll be keeping an eye on energy. you've got the opec plus meeting taking place, so oil prices are going to be watched by the investment community. >> we, of course, as you mentioned, it was thanksgiving weekend, which also means black friday. and early black friday sales data has pointed to a pretty good holiday shopping season at least online. tell us a little bit more. >> exactly. i think that's key. online sales have been quite strong. still the jury is out on how foot traffic has faired this black friday. we've got -- according to adobe analytics, black friday sales came in at $5.8 billion. consumers cle

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time now for business, and for that let's bring in cnbc's julianna tatelbaum live from london who knowsby's. all three major averages are on pace for weekly gains. are they able to maintain that optimism for the remainder of this month, thanksgiving break looms. >> well, thanksgiving break certainly does loom, and this will will give most -- if you were longhe market will give you a pretty sweet note to end on given the holidays. all three of the mage indices are higher coming into today's session. the tech sector has led the gains, that nasdaq index outperforming the s&p and the dow on the week. a lot of this optimism came on the back of that down surprise and inflation we got earlier in the week on the basis investors now increasingly believe the federal reserve will cut interest rates next year. we also got some jobless data yesterday, weekly jobless claims rising a little bit more than expected in the latest week, but overall sentiment has been pretty positive state side this week. >> earnings season in full swing. retailers though, though such as wal-mart are starting to raise conc

cnbc's julianna tatelbaum live from london, thank you for that i suppose.k to you again tomorrow. >>> still ahead on "way too early," we'll turn to the middle east and bring you the latest how fighting between israel and hamas is hampering efforts to evacuate some of the largest hospitals in gaza. >>> plus we'll introduce you to the former cia operative turned congresswoman who just announced her plans to run for governor of virginia. if you watch "morning joe" you'll know she's a familiar face. that's coming up next on "way too early." face that's coming up next on "way too early. copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one inhaler, trelegy keeps my airways open and prevents future flare-ups. and with one dose a day, trelegy improves lung function so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you h

it's time for business, and for that let's bring in cnbc's julianna tatelbaum who joins us live fromrning. the labor department scheduled to release its october jobs report this morning. we'll all be watching for what are economists expecting. >> john, good morning. well, this is certainly the biggest report of the day for the financial market. economists are expecting the jobs report to show 170,000 job being added in the month of october. that marks a pretty marked slow down from the blow out, 336,000 figure that we got last month. a couple of metrics to watch in particular in today's report, a potentially important trend to follow is hiring of part time workers as well as trends in labor force participation. that's going to be another metric worth watching. >> so we just showed the board, plenty of red on it,icidely. but earnings season's in full swing with apple posting results after the bell. what's the latest there? >> apple was a big one yesterday reporting numbers. now, shares in apple are lower premarket, which is weighing on the broader market to some degree. the company be

let's turn to business news, and we won't talk about his injury but we'll bring in cnbc's julianna tatelbaumbout quarterly earnings. as investors are trying to assess the whether the rallies from last week people were happy to see, whether that rally can continue. how's wall street shaping up in the early morning hours today? >> well, john, at the moment u.s. futures are pointing to a weaker start for today's trading session. but follows another positiveay yesterday which as you said built on the positive momentum we saw last week. the nasdaq, the tech heavy has recorded its longest streak since january consecutive session. we'll see if things change throughout the training day. you mention earnings in focus. here in europe you've got a couple of big movers this morning. and the swiss banking giant has delivered an update, the first full quarter where it has integrated credit suisse. and integration is going faster than expected in many respects so shares are doing quite well. >> citi group is apparently planning to cut at least 10% of all jobs acrass its major businesses. that feels like a

. >>> let's see how europe is shaping up with julianna tatelbaum in the london newsroom. frank, good morning. after another decent session on wall street, the asian session took a down beat tone. red across the board. shanghai composite in negative territory. hang seng dropping 1.7%. nikkei 225 pulling back 1.3% in japan. we had a lot of focus on chinese data. imports returned to growth in october rising 3%. that was a huge swing from september. exports dropped more than expected. a mixed bag with that data. that is why we saw not a huge reaction in the chinese market mainland wise. reserve bank of australia hiked to 4.35%. the highest level in 12 years. over to europe this morning, a mixed picture in terms of trade with things turning downbeat in the last half hour. a touch of green on the swiss market. at one stage, all three markets were in positive territory. the french market down .50%. we are seeing some individual movers take focus this morning. watches of switzerland delivered a strong earnings update. they expect a double profit by 2028. ab foods which owned prim

are pretty much hanging around below the $80 mark >>> let's see how europe is shaping up with julianna tatelbaum in the london newsroom julianna >>> mike, good morning here in europe, we are trading higher to start the session. the only exception is the uk market ftse 100 is down .30%. it has been a busy 24 hours in uk politics. before "wex" kicked off yesterday, we got news that former prime minister david cameron is returning to the political scene in the uk. the conservative party has been polling poorly against the labour party outside of the uk, the dax is .30% higher .40% higher for the spanish and italian market today's trade comes after a 75-basis point gain for the benchmark yesterday. things have been positive here in europe for the last few trading sessions from the sector perspective, we have basic resources out performing alongside real estate those sectors are up .80% a and .90% basic resources with glencore declining a deal with teck resources. and telco is on the down side this morning i would say overall, fairly muted trade as investors here in europe also brace for the u.s. cpi

. >>> time now for business, and for that let's bring in cnbc's julianna tatelbaum who joins us live . so nasdaq futures down this morning as investors are ingesting the latest fed reserve's meeting. what's the latest we can expect on wall street today it. >> i would say it's going to be a pretty quiet day judging by the reaction we saw yesterday and the u.s. futures this morning. we're looking at a really muted start, i would say. this follows yesterday with the s&p and nasdaq breaking five-day win streaks. we had all three of the major indices end lower. we did get those fed minutes as you alluded, and they essentially confirmed what we already knew, that there was agreement to proceed carefully and that further tightening or in other words higher interest rates could be needed if inflation were to be persistent, so no huge surprises there. i think overall it's a fairly quiet week with the thanksgiving holiday, of course, coming up tomorrow. >> yes, indeed. so earnings season, though, continues to pace with chip maker nvidia posting results after the bell. what are some of the thing

. >>> let's see how europe is shaping up with julianna tatelbaum who is live in the london newsroom withe on the friday action. happy friday. >> frank, happy friday. here in europe, things are more positive than in the futures boards stateside. we are trading causetiously higher. it is green across the board, but the moves are contained. ftse 100 up .20% after the bank of england decided to keep rates unchanged as they wait for data to come in. the dax is up 2%. the cac 40 is muted in france. hovering around the flat line. ftse mib up .30% in italy. ten basis points higher for the spanish market. from the sector perspective, we see the auto space basket up 1.5%. it is the best performing basket in europe this morning. we have a couple of good movers. volvo trading to the top of the stoxx 600 after sales of the automaker rose 10% in october thanks to higher demand for electric vehicles. the electric vehicle picture concerns weighed on the overall auto sector in the month of october. encouragement there. bmw came out this morning backing the annual forecast with margins and revenue rose in

julianna tatelbaum in our london news room with the news which also includes cooler inflation, julianna. >> mike, good morning. let's kick off with asia and then get to cooling inflation here in the uk it was a strong session overnight, the biggest mover to the upside, the hang seng in hong kong, gaining nearly 4% so really joining the wall street rally in a meaningful way. the nikkei 225 in japan also trading much higher, about 2.5% higher and then the nikkei, that's higher we're also continuing higher in europe after a strong surge yesterday. not quite the strength we saw stateside, but still a robust rally nevertheless this morning ftse 100 is outperforming. we're up 75 basis points this come as sterling has fallen back versus the u.s. dollar. the uk inflation slowing sharply in october to 4.6% this is welcome news for the bank of england and also welcome news for the uk fast with prime minister rishi sunak coming in and saying at the beginning of his tenure that his goal was to have inflation by the end of the year with his print we have seen that come through it's going to be welco

. >>> time now for business, and for that let's bring in cnbc's julianna tatelbaum who joins us as alwaysyou this morning. wall street is gearing from the federal reserve's latest policy decision on interest rates after the markets closed out a truly terrible month. what can we expect from wall street today, first day of november? >> well, november historically speaking is a strong month for markets, which would come as rtnly a relief for investors long the market. as you said october was a brutal month. the tech heavy nasdaq fell nearly 3%. and if you were invested in other parts of the world, losses were even steeper. a lot will come down to the federal reserve and that is today and markets believe with a 99% certainty, there's a 99% probability the central banks will keep rates at current level. so a lot of focus will be on the guidance and how jerome powell talks about the future path of interest rates. >> one company not doing well at the moment, jet blue. shares have tumbled to a 12-year low as it heads to court to defend its acquisition of spirit airlines. tell us about it. >> this

i'm julianna tatelbaum. >> these are your headlines. >> the euro hits a session high as german business activity tops expectations for november. equity markets tick higher on a slow trading day with u.s. markets closed for thanksgiving. >>> sweden's central bank surprises holding rates at 4%. but keeping the door open to a potential further hike in the new year. >>> and in the netherlands, the far right candidate claims the top spot in the election and vows to get to work forming a government but faces tough negotiations ahead with few like minded perspective partners. >>> and in berlin, a hit on the brakes of budget talks following the constitutional court's decision raising calls for potential reforms to germany's debt rules including from the bundesbank chief. >>> warm welcome to "street signs." we're just getting some fresh data out of the eurozone. i want to bring your attention to it now. the flash pmis for the month of november. the services at pmi has come in at 48.2. that's an improvement from the 47.8 we saw back in october. still in contraction territory p as for manufacturin

let's see how europe is shaping up as its trading day gets underway julianna tatelbaum with the earlyion. >> great to see you. here in europe we're off to a mixed start. we've got some green, some red on the board germany trading up by 4/10 of a person half a percent higher for the spanish market and the italian market hoteling up on the downside, underperformance in the uq, ftse down 4/10 of a percent tech 40 down a third of a percent and the smi in switzerland down about 2/10. it is a decent day let me highlight two movers. part of the reason why germany's outperforming siemens reported record revenue profit at its industrial business rose 11% on the year to 11.4 billion euros as comparable revenue jumped 11% in contrast here in the uk, we're seeing a major slump in burberry shares. the british high end fashion group has warned full-year operating profit will come in on the low end of forecasts amid a global shelowdown in luxury spending in china they've seen a slowdown in september they've also seen a slowdown in sales in the north americas region shares are down nearly 9%, draggin

let'sbri in julianna tatelbaum now.s investors cling to hope the federal reserve is done raising bench mark interest rates. what should we expect today? >> well, this morning u.s. futures are pointing to a positive start, as you said, so an extension of the rally we saw yesterday. u.s. stocks now on pace for their best month since july 2022. so it's been a pretty good run for wall street. fed expectations front and center yesterday. we got fresh commentary from a couple of officials namely christopher wauler. in terms of the days ahead you've got u.s. q3gdp to look out for, on the data front wholesale for october, and earnings wise dollar tree coming before the bell, and after market close you've got salesforce earnings to look out for. >> so speaking of cyber monday, amazon says it rang up record breaking sales leading to that day. and we just teased a moment ago as to one of the reasons why. julianna, tell us more. >> well, amazon said basically the period from november 17th to cyber monday marked its biggest ever hol

let's bring in cnbc's julianna tatelbaum for more on this. where does this strike stand?be resolved any time soon? >> well, you really hit the nail on the head when it comes to what these pharmacists and pharmacy technicians want out of this walk-out. the walk-out has been dubbed pharmageddon. essentially they're fed up. it's not so much about pay. it's about the growing workload and lack of staff. exactly as you outlined. employees are being asked not only to fill prescriptions but to field phone calls, administer vaccines, deal with walk-ins for vaccines and also deal with insurance companies. so, there is so much being asked of these pharmacy workers and pharmacy technicians. and they want to improve the safety of their working environment. we don't van exact number on the number of participants in the walk-out. i have seen stats ranging from hundreds of thousands to pharmacists and pharmacy technicians participating. what we do know is that the american pharmacist association, the industry's largest professional organization has come out in support of the employees th

>> time now for business and for that let's bring in cnbc's juliana tatelbaum who joins us live from london. juliannaterday after federal reserve chair jerome powell said he doesn't think the central bank has done enough to tame inflation. what do you make of that? and what can we expect today? >> yeah, powell really shook things up yesterday with those comments. and we saw the s&p 500 break an 8-day win streak. essentially powell left the door open for further rate hikes when the market had become used to the idea that the next move after a pause would be a rate cut next year. powell said specifically if it becomes appropriate to tighten policy further, we will not hesitate to do so. we are not confident that we have achieved such a stance that would ensure inflation returns to 2%. so it rattled markets this morning. u.s. futures not doing a huge amount, fairly muted as investors continue to digest what those comments may mean. >> all right, we'll keep an eye on that certainly. turning to a couple other stories here. the drugmaker astrozen cuis making a big push into the weight loss drug market. >>

time now for business, and for that let's bring in cnbc's juliana tatelbaum who joins us live from london. so, juliannamay add to yesterday's gains fueled by that lower than expected cpi report. tell us what the data showed us and what we might see today. >> we had a remarkable rally on wall street yesterday. as you said after that softer than expected cpi print, headline inflation came in flat in the month of october versus a 0.1% increase expected. core inflation also surprised to the down side. so as a result investors now think that a rate hike from the fed off the table. instead they ramped up their expectations for fed cuts next year, and that's provided a very positive backdrop for equities. we saw small cap stocks in particular soar in yesterday's trade. the russell 2000 index was up. the futures are in the green suggesting the gains will continue as investors brace for the ppi index today, that's the producer price index. also retail sales, and we've got target earnings in focus in addition to that biden-xi meeting for perspective. >> the flagds also cooling where you are in the u.k. tell us.