i'm julianna tatelbaum >> i'm arabile gumede.hese are your headlines >> european equity markets are muted in the final session of july, by firmly higher for the month as earnings season kicks in full year while friday's s&p print is on the fifth straight month >>> heineken cuts profit forecast for the year. vietnam poses a particular challenge. >> we had a big de-stocking effect in the vietnamese market. in the second quarter, our sktok levels normalized in line with the mark >>> pearson shares topple as they beat the first half outlook. the ceo andy bird outlines a.i. >> i see yoa.i. as a net positie the data set with the textbooks or data that we have in our skill space is only going to increase with time >>> china state council on pledges stimulus measures aimed at consuming at autos and real estate this after the data for july showing factory contracting for the fourth straight month. >>> economic data that we are following across the days with the trading picture. italian gdp numbers for the second quarter are out preliminar

my name is arabile gumede.hese are your headlines european stocks are on pace for the strongest weekly gain since march as soft producer price inflation in the u.s. has markets betting that the fed is just one hike away from the end of its tightening cycle. >>> ericsson second quarter profit plunge after slashing the outlook blaming demand the ceo tells cnbc the industry is facing a tough geopolitical back drop. >> we found ourselves in the middle of the geopolitical discussion we basically said what is going to make us competitive in the future it's really to make sure that we provide our customers with the most innovative products. >>> a three-year battle with the s.e.c. after a judge ruled that ripple tokens is not a security offering a possible escape route for other alternative coins. we hear from the chief legal officer at coinbaseball grewal that is happening this hour. >>> and after this spring of discontent, jpmorgan chase and citi kickoff second quarter earnings season today with the big six u.s. bank

i'm arabile gumede in london we have steve sedgwick u.s.reasury secretary janet yellen wraps up ten hours of meetings with beijing officials with restrictions overshadows the easing of the tensions >> we are taking targeted issues it would be impossible to undertake. >>> u.s. president joe biden says ukraine is not ready for nato membership as he stops off in uk as he visits the summit. this comes as kyiv marks 500 days since the russian invasion. >>> european equities open the week on the flat note. investors digesting the jobs data and looking ahead to this week's u.s. inflation print. bayern shares with the report it could spin off the crop unit. >>> ecb council member pushes back against the central bank raise on the 2% target and he tells cnbc there is more to do still. >> if i look at where we are with inflation now against last year, the situation is improving. however, i do not believe that our journey is yet complete. >>> it's a warm welcome to you let's kickoff with china and u.s. treasury secretary janet yellen struck a pragmatic

i'm arabile gumede steve sedgwick is at the nato summit these are your headlines the boe says they have enough capital and liquidity to cope with the high interest rates we'll hear from andrew bailey. that's happening imminently. >> on arievt at the summit, day two, president zelenskyy strikes out a more slightly pragmatic tone, this after the group's hesitation to immediately invite kyiv to the alliance. >> we want to be on the same page with everybody, all the understanding. today what we here, we understand we'll have this invitation when security measures will allow. >>> it's game on for microsoft's $69 billion takeover of activision after a federal judge rejects u.s. regulator requests to block the deal. >>> and european equities maintain momentum while stateside the s&p 500 and nasdaq sit at less than 1% off 52-week highs as invoters await the june cpi print. await the june cpi print. await the june cpi print. >>> the bank has been awaiting for the treft. governor andrew bailey is speaking now let's cross over to him. >> let me start on key developments so far this year. we've had

futures are pointing to a lower open let's see how things are shaping up overseas with arabile gumede in the london newsroom arabile, how is the china inflation data impacting the markets overseas >>> the filter through to the market is not bad. if we focus on europe, you will see positive numbers filter through. we hope to send that your way by the scene of the red board with the futures numbers. if you look at the ftse 100, up .10%. we have a telecom company, bt, which may be bought by one german tech company as well. the big news is the ceo is stepping down within 12 months our process of finding the ceo is under way that will be interesting overall, it is looking like positivity filtering through questions around the central bank expectations. quick look at the asian markets. it was mixed across the board. that is certainly the picture as we see it right now. in fact, speaking of asia, you have the cpi and ppi numbers ppi number is 5.4% down. the ninth straight month in negative territory a.n.t. group announced a share buyback of 70% below the 2020 levels it is offering to repurch

i'm arabile gumede " "worldwide exchange" is coming up next. stay tuned to cnbc when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. >>> it is 5:00 a.m. here at cnbc global headquarters. here is the "five@5. stocks trying on the back of the gains from the better than expected inflation report. >>> and not so fast. disney's board of directors extending the contract to bob iger for two more years. >>> the federal government is not giving up ton the fight for the activision-blizzard deal for

brent crude above $80 a barrel not much moving in natural gas stocks around the world here with arabile gumede in the london newsroom. arabile, hard to not see all of the green. >> if there is one thing we are looking at is all of the green it follows on the positivity from the market after the cpi news which was cooler than anticipated. that is the word we are using. positivity ftse 100 is .20% 2.5% better for the week we did get gdp numbers out today. 0.1% down in the uk gdp. inflation is continuing to bite. they will try to do more work with the bank of england on that side a lot of the other indices moving higher. the tech stocks are up 1% to the good on the asian market, the picktue here has been about trade numbers across the day when it comes to china they reported a surplus of $70.6 billion u.s. that is higher than last month's figure or may's figure of $65.8 billion. it is lower than what was anticipated of $74 billion u.s it shows things aren't necessarily climbing as high as they liked both exports and imports dropping off exports are 12% lower. across the board, we are seeing posit

we have the latest on the london trade with arabile gumede in our newsroom >> good morning, frank it is a positive trading day across europe in particular. i want to look at the stocks and you see the ftse mib is inching into the green so is the cac 40 in france the smi with the gainer of .75%. ibex dipping in negative ta territory. novartis came out with the raising of the full-year guidance they decided to spinoff and list generic medicines division they put in place a $15 billion share buyback program. all that to look out for on the european front today, we expect inflation num numbers. all that could set the tone for the bank of england. another 50-basis point hike is anticipated from them after wage growth was on the up for the three-months from may. if we lockok at asia, china misd estimates. you see the mixed picture across the board. many concerns about whether china will need to put in more stimulus to boost that economy for now, these markets are lower with the nikkei being the only one hitting higher frank. >> arabile gumede live in the london newsroom. thank you. >>> tur

let's see if europe is doing the same we check in with arabile gumede with your early morning trade. od morning, arabile. >> good morning, frank we've been focusing on the market print really a lot has shifted because of the cpi print if we take a look at what this market is pacing toward right now, you're seeing pretty much a green board across these numbers here the ftse 100 with a gain the key element to look out for has been that inflation print. 7.9% is the number to have come out from the headline number off the back of the anticipation it does point toward perhaps a breather, but it is four times more than the bink of england would have wanted, and so, too, 6.% has fallen unfortunately that data is still larger than the april number of 6.8% still a big headache for the fed -- the bank of england, should i say, and they'll still be looking at that thinking should i still incur another hike the question is it 25 basis points or 50 basis point that is still the question at hand that's the big data point we've been focusing on still a general sense of positivity across the european

let's check on the action in asia and europe with arabile gumede in the london newsroom with more on th. arabile, good morning. >> good morning, frank not much by the way of news has moved into europe. nato summit taking the headlines. you did get record wage growth numbers. that sparked fears when it comes to inflation which has been sticky here. particularly in the uk more than the rest of europe in particular that will hurt when it comes to the fears for the bank of england which continued to say the government now needs to step in and help them in some way when it comes to helping in the fight against inflation. we are seeing a mixed board thus far. ac across the flat line the cac 40 in france is the only one in lock step in asia, mixed trade with the cpi numbers from china yesterday and that has filtered through to today picking up more than 1.5% gain for the stock in australia as well with 1% for the hang seng index in hong kong. positivity across the board of the mixed trading day in europe. anticipation is looking to the cpi number in the u.s. which will point in the direction

i'm arabile gumede in london steve sedgwick is joining us at the nato summit.hese are the headlines. >>> president biden arrives at the nato summit and clears the way for sweden to join the alliance this week's summit made history before it started. >> this summit is historic before it started because we have now in place swedish membership sweden will be a full member of the alliance it is good for turkey and nato >> the final goal must be full integration of kyiv. >> as a temporary solution on the path of full integration into nato and it might be considered and it is quite beneficial form of cooperation, but this is not the replacement for full membership. >>> european equity markets track wall street and asia higher with the optimism that the federal reserve is approaching end game of the hiking cycle as investors brace for the start of the u.s. earnings season. >>> uk chancellor jeremy hunt calls for strength in the fight against inflation as the central bank's governor says salary increases are contributing to the issue. >> target of headline inflation an

it is a happy friday to you, frank. >> arabile, great to see you arabile gumede thank you. >>> turning now to the developing story hollywood actors head to the picket line today joining 11,000 writers for the first joint strike in 60 years with issues with wages and benefits and use of a.i. and streaming services and viewership the industry wide dispute shuts down ongoing productions and prevents actors from participating in conventions, interviews and panels. ray romano talking to cnbc yesterday. he said the rise of artificial intelligence is a key factor in the strike >> no one was prepared for it. no one, you know, the contracts before that, no one knew this was coming you know, they have to get up to date to protect the actor and writer >> on the other side, disney's ceo bob iger told david faber yesterday just how disruptive these strikes are. >> there is a level of expectation they have which is not realistic. they are adaing to the set of challenges that this business is already facing which is, frankly, disruptive. >> for more on what this means for the markets and your money,

. >>> time now for business and for that let's bring in cnbc's arabile gumede who joins us live from ood morning, arabile. stock futures inched lower early this morning as wall street looks to resume a holiday shortened week. what are the early signs today? >> yeah, good morning, john. so basically what we're getting that positive through last week which was the end of the quarter, end of the month, end of the half of the year. really the beginning of the half the quarter and the rest of the year as well. and that was quite interesting to get us through and a catch up trade that the u.s., of course, has had to open and some data to look out for the remainder of this week plus some news coming out of the fed as well with a few more speakers set to pronounce inflation, inflation being the key motive as well as interest rates. will they go up again? >> meta, which owns of course facebook and instagram, is teasing a new app looks like it's designed to take on twitter. this seems well-timed as elon musk over the weekends. >> i thought that threads just meant cloes, right? threads is the ne

and for that let's bring in cnbc's arabile gumede live from london. ow has wrapped up the ninth day of wins after better an expected earnings results from drugmaker johnson & johnson. what can we expect today? >> yeah, look, the market is anticipating the same, right? they're looking to head down the same trajectory. the dow jones is really a stellar moving forward and i suppose that's on the back of fact that tech stocks perhaps not in keen focus, so it's the dow jones' time to shine. remember on a year on year basis or rather for this year the dow jones actually isn't up that much. it's up around 6.4%. the nasdaq is up around 411% or so. clearly there's some room to grow for the dow jones. the economics front, though, we saw jobless benefits as well come out. few americans apply for jobless benefits last week. seems the u.s. labor market continues to trudge along despite these higher interest rates. johnson & johnson beating estimates as you noted as well on that front both on the revenue and as well on the earnings side. so too was american airlines

. >>> time now for business, and for that let's bring in cnbc's arabile gumede live from london. investors await earnings reports. who are the big names reporting today? >> yes, so we've actually got the banks reporting today, ali. so those will be really, really key. and i suppose the market is bit mixed and nervousness ahead of that training the like of citi bank, wells fargo, jp morgan chase expected to put out numbers. black rock as well expected to put out numbers. very important to note we're anticipating to get around an earnings drop off of around 6.4% revenue, perhaps a drop off as well, so not necessarily the best second quarter, but those banks would have done well to have taken in some proper net interest income because interest rates continue to go up, of course, so that revenue is certainly higher, but net loan losses will be the interesting one. have more consumers defaulted on their loans than before? that will be the one to look out for. >> that's going to be big, and also whole sale inflation continued its yearlong slow down last month. once again it puts us in a

for that let's bring in cnbc's arabile gumede live from london. some of that this weekend as we head into a week where stocks are coming off pretty big ones themselves. we saw the dow notch its best gains since march. how is the market shaping up this morning? >> yeah, so, i mean, you can cut the slice whichever way you want to really, but what you're seeing this time around is markets focusing in on the earnings. the earnings picture has been the key focus. we did focus in on the data points. the cpi number is very crucialing very important as well. it's kind of got a clear sense of where the economy is going as well as the jobs numbers too. now we're moving into the earnings season and that's where a lot of people will be look. officials are anticipating to offer some sense of where things could, indeed, could be going for their meeting, which is scheduled for next week. the 25th and 26th is when we'll get that interest rate decision then by the fed. >> you mentioned this corporate earning season gained steam with results from big financial deci

cnbc's arabile gumede live from london, thank you.arly," former acting u.s. attorney richard donohue met with special counsel jack smith's office. the new details coming out of that meeting and what it could mean for the ongoing investigation. "way too early" will be right back. ly" will be right back with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bakery-inspired flavor. learn more at boost.com/tv power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. want a smarter way to mop? introducing the new swiffer powermop. an all-in-one cleaning tool with hundreds of scrubbing strips- that absorb and lock dirt away, for a mop and bucket clean in half the time. mop smarter with the new swiffer powermop. my asthma felt anything but normal. ♪ ♪ it was time for a nunorm

cnbc's arabile gumede.e 12-foot tuna subs from subway. live from london, thank you very much. appreciate it. >>> still ahead, new reporting about the frustration between the gop leaders in the house and hard-line conservatives on the spending cuts. we'll discuss the divide gripping the party as the september deadline looms. "way too early" will be right back. too early" ll be right back mlb chooses t-mobile for business for 5g solutions... ...to not only enhance the fan experience, but to advance how the game is played. now's the time to see what america's largest 5g network can do for your business. are you a new at&t customer looking to upgrade your phone? you're trapped! locked into your contract for three years... introducing the easy unlock. bring your at&t locked phone and t-mobile will pay it off and give you one of the latest 5g smart phones free! free your phone now at t-mobile! every business 5g smart phones free! that's why comcast business de is launching theal. mobile made free event. with our

. >>> time now for business, and for that let's bring in cnbc's arabile gumede live from london. he june consumer price index reading, which is due before the bell. so what are the economists predicting? >> yeah, so good morning to you. we're expecting a bit of a draw down when the comes to that cpi figure. let's remember things have actually come off a lot actually. the pce print, personal consumption expenditure number has dropped down almost half from 7% to 3.8%, and this figure now for inflation is expected to be around 5% as well from 5.3%. that's an on annual or year on year basis. that does mean things would have come off and does point to a draw down, but it is more than double what the fed would want inflation rate to kind of be at. of course they're targing inflation around 2%. so this figure perhaps will be the last point before they have their interest rate meeting on the 25th and 26th of this month to determine whether they need to hike interest rates and just by how much. and right now according to their tool there is a 90% chance at the very least there is a 20 basi

. >>> time now >>> time now for business, and for that let's bring in cnbc's arabile gumede who joinsng. the futures board back in the green after the first losing session for the dow in almost two weeks. what stopped this near record run? >> yeah, good morning again. john, happy friday to you. look, it's 13 days as you made note of, right? it really was on the back of economic data which did point to some positivity weirdly enough in certain sectors but the fear then the continued growth we're seeing in earnings wouldn't necessarily continue to peak up, right? the the dow jones going up for 13 days in a row and even matching at some point a 14 day win streak which we haven't seen since 1897. but unfortunately pulling back. close but no cigar. second quarter gdp numbers that was fairly interesting. 2.4% is what we saw for the second quarter, better than the anticipating 1.8%. on the back of that you also saw the second quarter's inflation that was that was 2.2%, better than the 3% that was anticipated. >> so corporate earnings season continues at pace. which companies are you keeping

learn more at boost.com/tv >>> time now for business, and for that let's bring in cnbc's arabile gumede big day, arabile. fed day. investors are counting down to the federal reserve's latest interest rate decision as well as accompanying comments from chair jerome powell. we'll have complete coverage. what are the expectations? >> yeah, so it's more a case of what people say after the decision as opposed to what the actual decision will be then today. the market is pretty much priced in a 97% chance there'll be a 25% basis point, a 25 basis point hike in interest rates today by fed chair jerome powell and really anticipation whether they feel they've done enough when it comes to that fight against inflation. will they continue to look towards more hikes, or are they getting a sense they really are perhaps done? the commentary we're hearing is perhaps one and done which means one more hike and done. but actually if one takes a look at the fed's cme fed watch tool, which is a tool used to predict what might happen when it comes to interest rates, there seems to be a 33% chance the fed cou

cnbc's arabile gumede live from london, thank you as always. >>> still ahead here on "way too early,"war on woke to a new level. we'll take a look at the plan he's expected to unveil today, and we'll hear from a state representative there in florida about the impact his policies have on sunshine state residents. "way too early" will be right back. residents. "way too early" will be right back my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. type 2 diabetes? discover the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk, and lost some weight. in studies, the majority of people reached an a1c under 7 and maintained it. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. and you may lose weight. adults lost up to 14 pounds. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family e

. >>> time now for business, and for that let's bring in cnbc's arabile gumede who joins us live frompcoming june payrolls report and the implications for the federal reserve's position. we're going to get those job numbers in just a couple hours. what interest the implications? >> well, it seems that yesterday's adp private payroll number may be an indication how hot the jobs market is at this time. we saw it come off at half a million jobs being put out in the month of june, and if that is any ind kagds and did beat estimates by almost double, clearly we're headed towards another big climb when it comes to those job numbers. it hasn't always been the case, though, just because adp numbers have been high. actually that could even happen at this stage and something we've seen on a consistent basis and markets anticipating all that data, and all of that will point to another hike in interest rates and the fed is anticipating a meeting later on then. and that could of course rekindle more growth issues and more worries about loans as well and a slowing economy, which the united states i

learn more at boost.com/tv >>> time now for business, and for that let's bring in cnbc's arabile gumede good morning. wall street will be keeping an eye on the weekly jobless claims numbers. we'll get those later today as well as some existing home sales data. what's the sense of what could drive the markets? >> yeah, so that is really going to be quite significant. i mean, it's another additional economic data point that kind of will help the fed decide the rate, the conditions being put forward and questions around whether another hike in interest rates is indeed necessary to bring down inflation. it has dropped off quite substantially, but another inflation drop would certainly be very helpful. those jobless numbers will really tell whether the job or labor market is indeed as tight as some predict it might be having seen the nonpharm payroll numbers drop off. >> the season continues with johnson & johnson and american airlines potentially facing a strike in the days ahead. they're both set to report results before the bell. what have we learned so far, arabile? >> yeah, so quite sig

. >>> time now for business and for that let's bring in cnbc's arabile gumede who joins us live fromre little changed after the dow notched its longest winning streak since 2021. good news there. so how's wall street shaping up this morning? >> yeah, actually things are faring particularly flat on that side. you just pointed on the dow jones, the seventh straight day of gains does point to its largest winning streak since 2001. of course the big impact here has been from those job numbers even though a look still towards the economy. but those numbers out of the bank earnings should i say have been quite critical to look at. of course then we have had two bank earnings in particular really zone in for the market, but of course pretty recently we even saw the likes of goldman sachs set to open today or rather set to come out of their numbers before the open today. other major companies also setoff earning season, netflix, tesla, ibm, as well as united airlines all have been very important to kind of look at. of course united airlines will be critical to watch because of that strike st

. >>> time now for business, and for that let's bring in cnbc's arabile gumede live from london.mpacts it could have on the fed's decision to raise interest rates here? >> very big there. those could actually determine -- we saw the fed go onto what was a pause to gather more information. whether the interest rate hikes they had put forward beforehand actually worked and how that was filtering through to the system, whether the economy was actually faltering just a little bit, whether inflation was indeed coming down as quickly as they wanted to, still back to that 2% level, and perhaps the information is that a few more rate hikes are needed, but the question is whether it's one or two. but also on the back end of that, a lot of investors will be worried about when that begins to drop off. on the back of that hike once or twice of course becomes will the fed be dropping interest rates again, will it be late this year which does look unlikely now but how early next year will they begin to do that? those questions will be on the back of their mind and the cpi numbers will be ones

for that let's bring in cnbc's arabile gumede live from london. good morning, my friend. due out this morning before the bell. what are you expecting? >> yeah, ali, we're certainly expecting another drop down in that ppi number. yesterday's figure was a precursor to that, right. and if this does continue that trajectory it perhaps gives the fed even more reason to perhaps not have such an aggressive stance towards interest rate hikes in the future. the expectation is at least one interest rate hike will happen and this particularly in july when they meet on the 25th of this month and the 26th will perhaps be that decision. it's about what happens in september and beyond. will they hike again? is the expectation then perhaps there are second round effects and it is harder to bring inflation down a little bit more from 3% to 2%. that little bit is always the hardest part, so perhaps they may maintain a slightly more aggressive stance. overall markets anticipating some positivity. nasdaq and s&p hitting their best levels in about a year as well. >> meanwhile elon musk has la

back of the second quarter results as they see profits plunge shares of taiwan semi are down 2% arabile gumede is live with us in the london newsroom with more on the result. arabile, good morning. >> good morning, frank that fall has not been prestigious if you look at the trading picture. down .30%. the other semiconductors hitting hit more than 3% for asml. tsmc falling 23% on the annual basis and 12% on the quarter by quarter to $5.85 billion that is above expectations and does come amid falling demand for chips. slowing consumer demand and struggling on the back of that with the demand no longer continuing to play into the market as it had particularly during covid-19. that is showing a lot more demand coming in for the a.i. chips. the rest of the chip market is going down frank. >> arabile, thank you very much. >>> we will turn attention to the other top stock story. shares under pressure this morning of netflix on the back of the quarterly earnings results. topping expectations, but revenue missed the mark. sub describescribers blowing pa estimates. something greg peters discussed on th

arabile gumede is standing by in the london newsroom with more. abile, how is the response to the u.s. jobs data that led to a selloff here >> frank, to say things started soft is an understatement. that shifted from soft look to now a mixed trading day. if you look at the board, we are seeing some jumps in france. cac 40 going up .40% a jump in the dax with .25% to the good having seen another ipo coming to the floor there new listin list .50% for the ftse mib. positivity is filtering through. we are seeing a stronger jobs market in the u.s. and that will mean interest rate hiking, of course the look in asia pushed the board to negativity across this one. the australian index going down 1.7% it follows on from janet yellen in china and has been putting out word she is worried about the export data and trade all through that region as well. negligativity pass through to europe has been seen, but the market is mixed in europe. frank. >> arabile, thank you. >>> sticking with the overseas action, janet yellen resumes the three-day china trip today spe

our arabile gumede is standing by in our london news room with more arabile, good morning. >> good morningfrank we've got a positive start to the trading day. it's been around just over two hours since the market opened in europe really it's positivity across the board, taking on from yesterday's numbers. a lot of these sessions have been on the up for two days at the very least the foot see 100 wants to note uk banks have been under a stress test for the bank of england and today have passed that stress test the governor andrew bailey say there are significant risks in this market one needs to consider because we are in an interest rate hiking cycle and things may get a little worse for wear, but having taken that stress test, it does seem a lot of the banks, particularly the uk banks will be resilient and will be able to manage throughout ta time what is the follow-through on asia that marjt wants to look at japanese whole sale prices come on today as well that has slowed them to effectively the lowest pace in six months coming out of japan but the shanghai composite as well as the nikke

. >>> time now for business, and for that let's bring in cnbc's arabile gumede who joins us live fromdon. arabile, great to see you. a shortened trading week continues today with a slew of fresh economic data points. how is wall street looking this morning? >> yeah, so a lot of answers towards that economic data that pointed towards that negative stance we saw yesterday into some of today's trading. the fed minutes came out yesterday pointing to the fact that monetary policy committee members really thought to themselves that there was a need for that pause in interest rate hikes in order to just assess how things are faring and that another hike now is anticipated according to the latest data points. it does look like another hike is certainly on the cards moving into today's picture and on the economic front we are expecting more job numbers to be part of this cycle as well as more economic data to be looked at and snap the ppi number should be on the cards in the afternoon as well today. >> we've been covering this the last few days in the wake of twitter basically melting down ove

. >>> time now for business, and for business let's bring in arabile gumede live from london.d to a batch of key earnings reports and a major policy decision from the federal reserve. what can we expect? >> yeah, good morning, ali. you're 100% right. a lot of the entities are still set to report some big names, indeed, anticipated this week. but i think key among all of the states is going to be the fake decision anticipated out on a wednesday and that's to really unpack skpalkly how far the fed thinks it's gone when it comes to the interest rate hikes they've managed to pull out we've seen the markets put owl numbers. the last time out the fed continues to pause saying we need to see more information, but now is it time to perhaps get back onto that hiking cycle then again and continue to eke out a lot more gains or as much as they can get and bring it down as much as possible. let's remember inflation is not within that target bracket even though it's falling and the labor market is continuing to charge along even if it's softening a little bit. >> meanwhile elon musk is mak

for that let's bring in arabile gumede from london. good morning.ason. what can we expect? >> yes, ali. it's going to be a busy week, right? it that's certainly going to be the indicate. $5 billion worth of losses is anticipated to actually be put forward, and that just linked then to consumers unable to pay a lot of their debts some of that's going to be a key focus for the remainder of this week. it's the big banks that are set to report. there's still that number from last week. the jobs numbers weren't helpful to the state of the economy. perhaps that slowing may mean the fed doesn't necessarily have to hike interest rates, but there's still a big chance of a 25-point basis hike. more is anticipated the week. plus you still have the economic data front. cpi numbers are set as well. very much a busy one. >> yeah, definitely a busy one. meanwhile while those of us are playing on threads, that might be where our thoughts are. meanwhile twitter's parent company has sued a leading lawmaker for what it said were payments from elon musk. what's this ab