>>> time now for business, and for that let's bring in cnbc's arabile gumede who joins us live from londonabile, stocks on track to finish the week with real gains, extending recent winning streaks. give us a preview of the day on wall street, please. >> yeah, so this closes out what could certainly be another uptick of the day across the united states. all about the data and commentary from fed speakers as well. the commentary really pointing around whether you'd see an increased pace in interest rate cuts or whether that would slow down perhaps a little more as well. according to the data it does point to a little more of a slowing down as how quick the interest rate cuts come to the fore as well. those have the earnings cycle, which is what the markets have been looking towards. earlier this week we were looking at banking shares. the banking stocks actually performed much better than anticipated in the third quarter, even though the anticipation was for weaknesses that we would see. but i guess it tells you the story that the actual u.s. economy is faring a lot better than some way hav

my name ise is arabile gumede a these are your headlines.he equities have stalled a bit with the non-farm payroll in the states as futures point a little bit lower ahead of a key week for economic data as we steam roll ahead with the corporate earnings season. >>> ubisoft with the gains after tencent and the family are considering a buyout. fr>>> commerzbank warns the gern lender would lose clients and see the credit rating fall if a deal does go ahead. >>> and crude prices rise after the best weekly gain in nearly two years as the disruption come on the first anniversary of the hamas-israel war. >>> well, markets had started on a more positive note. that's where we saw the market tilted toward, but that's turned and things have gone left and we're down .2% in open trading as we follow odd from the non-farm payroll bumper. it may not just be the headline, but look below the surface. you had the unemployment figure at 4.1%. key aspects that really will be focused on for the growth of the u.s. economy. remember 3% growth rate is in tact for th

my name is arabile gumede and these are your headlines.urging on the return to trade from the golden week holiday, but pared away with the investors wanting just a little bit more. >>> the u-turn in china spills over to the european session. beijing commerce ministry imposing tariffs on the eu exports sending the drinks makers in the red. we'll get into that story. >>> foxconn chairman hon hai tells cnbc that a.i. still has room to run. the large scale language model still has room. >> we are still at level three and four to go. >>> and samsung issuing a rare apology after dguiding for proft below expectations in the third quarter, but the chip maker hit by higher supply from chinese rivals. >>> chinese equities initially surged double digits on the return to trade following the golden week holiday which is a two-year high. that rally then eased off as traders took profits in a stimulus update fell short of expectations. pretty much saw the rally a significant portion and just kind of fell to the wayside. as you can tell, qi zhen and qi yu

my name is arabile gumede. these are your headlines then. the luxury giant posts its first quarterly sales post since the pandemic dragging down its european peers. the adidas outlook for the third time this year, sales are expected to grow 10%. that's amid a demand for its retro trainers. >> and in the chip shocks, asml compounding holdings after the company slashed its sales outlook in what was a premature earnings release, raising fears of a weekly demand for nonami chips. >>> the bank of england all but certain to cut rates next month, urging the ftse to perform away from sterling. >>> what better way to start the show off than some big single stock movers. to kick off the show, clie na weakness, clearly the big sentiment at play here with big declines in the luxury as well as semiconductor sectors, with the u.s. being a source of concern for auto heavyweights like stellantis. i mean, just look at the big moves there. 4% down for lvmh right now with asml holdings 4% weaker. plus adidas on the other side saying actually things are looking

let's get to the early trade in london with arabile gumede. abile. >> frank, the european market looked to take on the sentiment friday we saw stateside and the sentiment this morning from the asia region. we have seen an uptick with the likes of the nikkei managing to gain off the back of some tech news as well happening. the gaming stocks managing to find gains. sovereign wealth fund looking to get into nintendo as well. the market initially op opened .50%. stronger for the stoxx 600. now we turned negative. the sentiment has turned negative. so far, the likes of the ftse 100 as well dropping off then so far in this early morning picture. so, too, the cac 40, losing significantly. you have the gaming news with the ubisoft with the likes of tencent and mining news with the rio tinto looking into the lithium mines and arcadium moving things as well. for now, things have turned negative. here are your sector gainers. household goods finding uptick so far in this morning. so, too, the banking stocks. the luxury as well as the lenders in keen inte

let's bring in cnbc's arabile gumede. arabile joins us live from london. good to see you.er this morning following what was a losing day on wall street. what's the sense of where the market could go today? >> yeah, so we're seeing a little bit of market pressure come to the fore then. you're also seeing treasury yields and bonds move higher. the ten year treasury past 4%, the first time in around two months that's happened. it's a significant pressure point because it leads onto what we saw last week and those job numbers that came out exceeding the market play and what the market had anticipated, meaning the fed might not cut interest rates as quickly as the market anticipated. that does mean there could be pressure at play then. the market still looking towards that. obviously cpi or inflation number setout for this week. plus we have the old risk of that election as well later on in the year. still so much at play, but for now the market seems to be in a bit of a cautious stance. >> all right. so the latest employment data has really eased fears of a possible recession.

your provider for, ♪ cologuard ♪ >>> time now for business, and for that let's bring in cnbc's arabile gumedeing, arabile. despite yesterday's declines, the three major averages seem on track to overcome what has been a historically volatile season. tell us how the market's looking this morning. >> yeah, good morning, john. one thing for sure this market has been focusing a lot more on the danger and now gets into upperings season and a lot of that may certainly shape things out a little bit more. really because you're seeing that 50 basis point cut in interest rates coming through from the for reserve pointed to buoyancy in the market and appointmented to positivity. and that has maintained the positivity you have actually seen across this market. a looks like from a lot of analysts we've spoken to the market could go higher from here. look at this way. 46 new record highs then for the s&p 500 this year alone, and of course a two-year run when it comes to the bull market as well and state side. so it kind of tells you there's certainly a lot of positivity still at play. >> so arabile, third

arabile gumede is here with a look at what's fueling the rally. a 46th record high for the s&p 500 just this year alone. something tells you we're seeing two years of a bull market rally, continuing its surge higher. and by all estimations, it looks like it could go higher. that's according to analysts we've spoken to here as well. giving a clear sense that with the interest rate environment looking like it could see more cuts, and another one in december, you could see positivity actually flow into the u.s. market just a little bit more, because you still have inflation managing to take a little bit lower, or at least remain stable. while, on the other side, the jobs market seems to be very buoyant as well. all of those factors, plus you now have a third quarter earning season which has just kicked off. but it seems like it's doing well. if it continues in the same vein we could see the market move continuously higher. on the other side, you spoke about starbucks doing away with two discounts. a new ceo is coming in, the former chipotle ceo sayin

for more on the impact, let's turn to cnbc's arabile gumede. good morning. >> yeah, good morning, frances. you're quite right. the impact of this could be absolutely massive, right. this is the first coast-wide strike for at least 50 years or so, right. this is absolutely massive. the last time we saw this sort of thing was in 1977. and the key reason it matters so much is the supply chain snarls and disruptions that you really could get on the back of this, then. if it was to close out for one day, it would take at least six days to actually recover from this. going to 21 days you could wait until the middle of november before you actually recover in any kind of meaningful way off the back of this. as we head toward the christmas season, of course, all that shopping, shopping that we had anticipated going from november until the end of the year could actually drop off quite considerably because of inflation pressure, which could see prices actually go higher, and availability of items could drop off quite considerably. just to put it out, the

we begin with arabile gumede in london. >> the market picture is a catalyst for more movement. china's reopening certainly had its play here because there is a bit of a drawdown in how much consumers are expecting and how much that stimulus will play into the market picture. you are seeing a negative board and downturn with the french market and as well as the market in the uk. why? the luxury play and basic resources are taking a hit in today's picture. 1% down for the ftse 100. cac 40 down 1% so far. on the other side, chinese commerce ministry announcing a anti-dumping measure on brandy from the european union. it is describing security deposits of 34.81% to 39%. that could be influential on the market picture. on the other side, china hinting at trade restrictions. considering raising tariffs on imports. it would hit german producers the hardest impacting exports to china with $1.2 billion just last year. that's a significant portion of the entire conversation and one that the markets will be looking out for, frank. >> arabile, thank you very much. arabile in the london new