. >>> plus, a "worldwide exchange" exclusive conversation with saudi crown prince abdulaziz bin salman as he makes the opec plus oil cut. >>> a developing story in ukraine as russia targets the capital city of kyiv in the apparent retaliation it is monday, october 10th, 2022 you are watching "worldwide exchange" here on cnbc >>> good morning i'm dominic chu in for brian sullivan today let's kickoff monday morning with the equity futures in the red. modestly so. you see the dow implied lower 110. s&p lower 19 and nasdaq down 65. all of this after the friday broad based selloff that saw the dow shed 600 points to close down 2% on the day you see in the time lapse here worse for the s&p 500 which ended the day down nearly 3% on the session and the nasdaq down nearly 4%. bond markets are closed for the federal holiday today. a quick check on the last trade that we saw over the course of friday's session the yield for the 10-year treasury is 3.89%. the 30-year treasury is 3.85%. energy prices. oil is above $90 a barrel. west texas intermediate is $92.02 that is down .20%. ice brent crude is

francine: that was the saudi energy minister, prince abdulaziz bin salman.'s get straight to the first word news, here is alice atkins. alice: germany factory orders drop in august, hinting at the lack of momentum. demand fell 2.4% from the previous month, though data from july was revised upwards to show a gain after late reporting of large aerospace orders. the wto says global trade will slow next year. the forecast is global goods trade will grow 1%, it blames rising prices, restricted energy supplies and growing u.s.-china tensions. north korea has fired two suspected ballistic missiles towards waters where a u.s. aircraft carrier has been deployed. that is one of the biggest test barrages under leader kim jong-un. it comes after pyongyang condemned the biden administration. king charles iii is expected to be crowned on june 3 next year. the coronation almost 70 years after his mother was crowned will follow the centerpiece of days of celebration to mark the beginning of the monarch's rei gn. global news, 24 hours a day, on air, and on bloomberg quicktak

vienna time last night, we had the ability to sit down with prince abdulaziz bin salman they are not blaming the federal reserve for inflation, but they certainly indicated the fight against inflationand concerns that central banks have about the economy is one reason why they proactively cut output. listen >> of course, any central banker would like the best of two worlds attend to inflation and continue growth with this that you see, you run a big risk that you lose growth. what is happening now is coming and we see and show the trajectory or this -- these things we presented that growth is coming down and there is a potential with more aggressive rate hikes and this growth will come low >> reporter: you can see they are worried about glorowth. some will think it is more politically motivated. the full interview is on cnbc.com look at the headlines, dan on cnbc.com saying it is a blow to washington the wall street journal editorial board saying opec plus snubs biden. the financial times saying this is a blow to washington. this is being politicpoliticize. if you watched the intervi

i sat down with the saudi oil minister abdulaziz bin salman. they said they would not talk about politics they view the building behind me as switzerland and they are neutral. he did not blame the federal reserve for the cuts, but he kind of did. listen >> of course, any central banker would like the best of two worlds attending to inflation and continued growth with this severity that you see, you run the risk of growth what you see is coming and we show it in the trajectory. we show it in the things we presented that growth is coming down and there is a potential with more aggressive rate hikes that this growth will come lower. >> reporter: so full interview on the web site. joe, wall street journal last night saying the u.s. easing sanctions on venezuela and in part chevron will keep drilling and producing oil in venezuela i was in touch with chevron last night. it was 2:00 a.m. here. 5:00 p.m. or whatever there. they would not confirm the entire story to me, but i got the sense, i'm not confirming it, but it was direct ionally corrected. ch

the president focuses on conservation, thinks threatening comments to salman bin abdulaziz al saud regardingroduction cuts that saudis, opec just made has wall street on the edge of their street. let's bring in charlie gasparino. >> i'm talking to these guys. read in between the lines jamie dimon is saying, others about energy policy here. you know it is pretty clear that we have a disjointed energy policy. that is what wall street is worried about. that disjointed energy policy baking into the cake inflation for years to come. here is what it is all about. if you go out and geopolitically attack, keep attacking the saudi royal family as bad as they are, ally particularly against iran in that rough part of the world, you're going to do that, you will cult or discourage domestic oil production here, which the biden administration is clearly doing, they may give you permits, they don't give you the licenses. there is whole rigmarole why there is not a lot of refining and drilling going on if you do that you're playing with fire annoying the saudi royal family. you can see that what is going on