i'm arabile gumede and these are your headlines. >>> fed chair jay powell sticking to the script reinforcinghe line that the central bank is not ready to cut rates yet as attention turns to europe which will have the next move from the ecb. >> headline flaginflation has m down. we can take that step of beginning to reduce policy rates. >>> teleperformance has a revenue miss and is cautious about the outlook. the ceo says he is not worried about customers turning to a.i. >> we perceive a.i. as enhancing our human employees' job, but not to replace them. >>> h >>> hugo boss with the delay in sales targets, but the ceo is still confident on the outlook. >> if consumer sentiment is here and there a bit tough, we actually are on course and we are well on track to reach our $5 billion might be delayed. we will reach it for you are. >>> fresh off the super tuesday win, president biden gears up for the last state of the union address before the november election. >>> it was a slightly downbeat start for european trading today. down .10%%. you see the uptick this year. that uptick since the middle of

jp ong is in singapore and arabile gumede is in luondon wih the market reaction.p. >> reporter: good morning, frank. you are right. a terrific tuesday for japanese markets and day to remember with the bank of japan ending the negative interest rates. a lot of reasons why they did that which they will pay .10% of interest on reserves by financial institutions with the central bank. they decided to scrap the yield curve policy and etfs. a lot of reasons why they are more optimistic. you see signs of rising consumption and rise in salaries after the successful wage talks and signs that inflation will stay within the boj target range. deinflation may be a thing of the past. let's start with the asset dclas that did not react to this. jgp yields will maintain the purchasing for japanese government bonds and the governor ueda says if they see a sharp rise, they will respond. that language is keeping bond yields from behaving in a naughty fashion, for lack of a better term. take a look at the japanese yen which is weak today despite the fact they lifted out of the negati

i'm arabile gumede. these are your headlines.hina's two sessions deepens with economic reform, but in a break from tradition with no closing comments from the premier this year. >>> the records keep falling. nikkei closing above 40,000 points for the first time with the tech stocks continuing the march higher while u.s. chipmakers continue the trend in pre market after fresh records peak for the nasdaq and s&p 500. >>> a hamas delegation arrives in egypt as truce talks happen as vice president kamala harris calls for a halt in fighting amid the humanitarian crisis in gaza. >> given the immense scale of suffering in gaza, there member an immediate cease-fire. >>> macy's shares surging in pre-market trade with ark house raises the bid to takeover the department store company by 14% to $6.6 billion. >>> welcome. let's check on the markets across europe and see how things are faring. you see a lot of down trades in the market which has inched higher so far this morning. as you see, it is a marginal downturn with the numbers. the only

i'm arabile gumede, and these are your headlines this morning. donald trump dominating the republican race on tuesday, nbc news projecting that the former u.s. president win 14/of the 15 states, holding votes. >> they call it super tuesday for a reason this is a big one. and they tell me the pundits and otherwise, that there's never been one like this there's never been anything so conclusive this was an amazing night. >>> european equities finding their footing, recovering earlier losses while u.s. futures turn positive as investors await the first day of fed chair's policy on capitol hill. >>> and morgan stanley raises its outlook on the stock but grif ols winds slower and a downgrade watch from moodys. >> reporter: and it's bunt day in the uk. jeremy walks a tightrope as personal cuts dominate the ag agenda we'll bring you his speech live at 12:30 gmt >>> a warm welcome to "street signs. let's lead off with our top story this hour. nbc news projecting that former president donald trump has won 14 of the 15 republican super tuesday races with r

i'm arabile gumede and these are your headlines. >>> european equities pulling back from the record highs investors await key economic data and ecb members reinforce signals that a mid-year rate cut is in the cards. >> there was broad agreement we will get more data and more information in june. that's a certainty. >>> investors say good-bye to hellofresh which plunges 40% after scrapping the midterm guidance sending shares to the five-year low. >>> p and vivendi splits with the media giant after failing to update on the spinoff plans saying it is keeping options open. >>> and u.s. president joe biden lashes out at donald trump in the fiery state of the union address and calling on congress to stand up to russia. >> my message is simple. we will not walk away. we will not bow down. fr>>> certainly sounds like fir in the belly of president biden in that state of the union address. not too much fire with the overall markets here in europe if one was to look at the movements. it is just managing to inch higher. it is around the flat line. in the nuance within the stocks is significant to lo

. >>> let's see how europe is shaping up as its trading day is under way with arabile gumede in the londonsroom with more on the early action. arabile, you didn't tell me we were wearing black today. you are supposed to tell me. >> frank, it is an every friday thing. i do this look every friday. if we are doing market reports on friday, you will find me in it. nonetheless, let's get into the market picture. you are looking for black, we are in the black for markets across europe. it is really the ftse 100 and dax that are actually in negative territory. hellofresh is a decliner with the german market. around 40% weaker on the back of the profit guidance dip you are seeing. it is a big fall on that front. overall, a mixed picture. the european central bank decided to keep interest rates unchanged yesterday. d downgraded the inflation forecast for 2024 which is good news for those looking at the inflation print to see when the next cut or a cut in interest rates would come from the ecb. it looks like june is the date. the market has priced in that significantly. if we stay on the equities fr

arabile gumede live in the london newsroom. >>> with stocks coming off the best week of the year, investorsre looking for insight to see if the markets can continue to power higher the focus finds the u.s. is the still the most trattractive rego for investment there are concerns with inflation and consumer spending slowdown the global wealth council is made up of ubs and morgan stanley and others the group was chaired by the chief investment strategy. the panel's view is we are entering a time of higher inflation and slower economic growth >> we believe public equity returns will come down from 8% to 9% in the past five years to closer to 5% to 6% we expect higher volatility and higher inflation volatility. just relying on two asset classes to achieve your goals is going to be a challenge. the area where you have the highest allocation is private equity over time, what that offered has been 430 basis points. we expect going forward for that premium to increase given the new regime >> private equity for income generation for down side protection and real estate are the council's top choices

i'm arabile gumede and these are your headlines. >>> china setting the growth of 5% for the year aheadpremier defending to refuse risks in the economy and warning the path could be rocky. >> translator: the recovery is not stable. insufficient effective demand in some industries. weak social expectations and many risks and hidden dangers. >>> police confirm they are investigating what looks like arson near the tesla factory after the media report it has been evacuated. >>> and the highest topping the stoxx 600 for thales. we will hear from the ceo patrice caine later today exclusive interview. >>> and bad apple. the regulator bringing down a fine as the scrutiny of the big tech firms heats up. >> this is a parking ticket. maybe not even a speeding ticket. a parking ticket. >>> across the day, we have been getting into economic data. welcome to the show. this is "street signs." we have been getting data cross europe with regards to pmi and getting a sense of the final data points when it comes to the manufacturing services and the likes as well and really looking at the february final s

we want to turn our attention over to europe to see how trading gets under way our arabile gumede withuch more on the early action arabile, good morning. >> good morning, frank look, it's a bit of a mixed picture out of europe. we're expecting inflation data that's what the market will look toward today's pretty much the thursday of this trading week, isn't it look, you're seeing negativity out of the uk and france it really all is marginal. we're taking a look at the likes of h&m, which put out its numbers today. double-digit gains, in fact, for h&m on the back of what looks like they're aiming for a revival. of course, the question mark is around that retail space where more growth is possible when you have the likes of that that data out on friday, the market will certainly be looking toward all of that. >> arabile gumede live in our london newsroom. >>> we're going to turn our attention back to wall street and the latest survey tapping into the nation's leading institutional investors, top strat jiftds, strategists, and our own cnbc contributors we asked them about the outlook and

. >>> time now for business, and for that let's bring in cnbc's arabile gumede who joins uzlive from london. arabile, good morning. stock futures up at the moment the major averages took a break from their recent rally. what appears to be driving the market in the early hours? >> good morning, john. it seems to be nervousness ahead of that pce data so sort of a wait and see. it seems the tech rally has of course boosted thing quite significantly plus that fed speech with regards to the dovish tone with interest rates to be cut this year. we saw the nasdaq breaking what was a five-day winning streak yesterday as well in the trading picture and that seems to perhaps abated this week or perhaps today we might get a reversal of that. united airlines falling around 3%. the faa saying they're going to be with that company and align there throughout the rest of week because of safety concerns, of course significant in a week where you see news out of boeing of course explicitly as well. plus you had the notion the fed will indeed be maintaining its stance around three cuts of interest rates.

. >>> time now for business, let's bring in arabile gumede who joins us from london. littlechanged after a record-setting week for nasdaq. what can we expect from wall street tort today. >> well, if you're looking at premarket trade, you can look at the semiconductors and chips on a bit of an uptick. you have the likes of nvidia up 1% and some of the other chipmakers pushing up as well. it could continue headed into this week. it's very significant because this week while we've moved away ever so slightly from the earnings report from the fourth quarter of 2023 as well as that ppi and cpi print, this week is all about the jobs market. we have jobs data, private data, adp, plus we have the nonfarm data. that comes out on friday. all of that becomes a key and critical factor to look out for for the rest of this market. all of those will certainly be on the eye of investors, plus macy's has been putting things together. that will be looked out for in this market picture today. >> as we teased before the break, the united states debt load has grown in recent months. give

. >>> time now for business and for that let's bring in cnbc's arabile gumede, who joins us live fromn the red after the nasdaq retreated from the record high. what seems to be driving the market? >> so it's a lot about the tech still, right? all of that seems to be playing. you see the nasdaq might see a big drop off considerably because, you know, compared to some of the others that's on the back of one, apple having been fined 1.8 billion euros. that stock taking a hit then. tesla also a hit yesterday in its trading. so much so that today we've been seeing they may actually be shutdown in one of tesla's gig factories out of germany. the company saying it could be arson, that's the word from the police, saying it could be arson with regards to that. all of that taken into the market and looking forward to jerome powell speaking in congress for two days this week. plus we have employment numbers, jobs data. so the job opening data as welcoming out and private payrolls and adp numbers and friday is the all important payroll data. >> we'll be watching it as the week rolls on. big news

powerful cold and flu relief with a dreamy honey taste nyquil honey, for that let's bring in cnbc's arabile gumedeon. arabile, good morning. stock futures low this morning after all three major indexes hit new highs last week. what should we expect in this short trading week ahead of the easter holiday? >> well, it's all leading up to the data front, right? that's been the important thing. good morning to you, jon. it's absolutely been a crackerjack of the time. where's the time gone. we're in the final week of the first quarter of the year already, and it's all been about the data. what does the data point toward when it comes to the interest rate cuts anticipated for late this year. just lacht week we had messaging from the fed and six central banks just with regard to what would happen with interest rates. the app it is passion is we're going to hear from five governors this week as well as fed speaker as well. jerome powell is set to speak on the interest rate cuts. how soon will they come? when will they come? speaking of data, the u.s. spenldsing data is due to come out on friday, despite th

. >>> time now for business and for that let's bring in cnbc's arabile gumede live from london. since october. what's driving the market in these early morning hours? >> yeah, good morning. indeed, happy monday to you as well. look, what certainly happened is the tech count. specifically the semiconductor companies have taken a bit of a hit, and that's what you saw on friday. a bit of a breather somewhat. more than 7% up from the s&p so far this year. it gives investors the opportunity to get back into the market at slightly cheaper levels for those who i have ma have missed out on the initial rally. nvidia dropped to 5.6%. it hasn't dropped that much since the middle of last year, in fact, around june or so of last year. that's $100 billion lost in one day, right? a significant move downward. the likes of broadcom losing quite significantly. this came also on the backs of the job numbers. we have the unemployment number coming out of the united states too. you saw the overall jobs figure. unemployment, 3.9%. that's up from the 3.7% we saw initially, but the economy did add 275,

. >>> time now for business and for that let's bring in cnbc's arabile gumede who joins us live from e. stock futures seen little change this morning after wall street saw the s&p 500 close at a new record high. so give us a sense, please, as to what's driving the market. >> yeah, so this market has really moved to that record high, again, right after two days of shaky market movement on the back of tech stocks really losing. what's managed to push them higher? it was those tech stocks again. nvidia managing to move up more than 7% and the last 5.6% on friday, 2% on monday. tuesday's trade was just that recovery and that rebound that saw the market actually move quite consistently higher. even managed to gain around 10% actually in the trading picture. still have worries, though, on the other side. and this is boeing and that stock price around 5% weaker on the day. overall the market sentiment was coming from that cpi print. inflation numbers coming off the top line figure, the headline figure. there was an expectation it would be 3.1% which was january then but the market a bit hott

>> all right, cnbc's arabile gumede, keeping an eye on that for us. live from london as always.," president ejobiden dominated yesterday's democratic elections but did have to deal with a swath of uncommitted votes. we'll take a look what that means for his re-election bid when we come right back. s re-el when we come right back. e. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. you didn't live this strong, this long to get put on the shelf like a porcelain doll. if you have postmenopausal osteoporosis and are at high risk for fracture, you can build new bone with evenity®. ask your doctor if you can do more than just slowing down bone loss with evenity®. want stronger bones? then build new bone; evenity® can help in just 12 months. evenity® is proven to reduce spine fracture risk by 73%. evenity® can increase risk of heart attack, stroke, or death from a cardiovascular problem. do not take evenity® if you have low blood calcium, or are allergic to it. s

time now for business and for that let's bring in cnbc's arabile gumede live from london. wn after major averages posted their first major session in three days. how do we expect the markets to look today particularly when they react to federal reserve chairman jerome powell's testimony on the hill? >> yeah, well, they'll all be fighting for some sort of advantage in the ring, aren't they? and that's particularly this market movement which, yes, managed to gain yesterday. so it's back in the black on yesterday's trade. today does look weaker again. it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll numbers did show some sense of weakness

almost 500 that's your morning set up let's see if europe is following our lead we're going to arabile gumedeith much more on the early action arabile, good morning. >> good morning, frank despite what might have been in the market from yesterday, that certainly hasn't played itself into this trade again today. the trade market has been open for two hours in year and you're seeing gains across the board finding their footing, really a lot of upgrades and market data being at play. of course, the uk is leaning toward its bucket then, which will be announced in around 2 1/2 hours' tomb and we'll be looking straightforward to that. income tax cuts are anticipated as well out of that announcement it really has been touted that the imf is not too happy about the market left. 's look at what let's moving the markets, particularly on the sector front media stocks are down around half a percent then. you do have the likes of tui, which are getting a bit of an upgrade as well. that is managing to move prices a little higher. you do see that sitting pretty flash thus far, but on the other side of the s

. >>> our arabile gumede is in the room with much more on the action.ood morning. >> good morning, frank. the inflation picture is one everyone is looking forward to. the bank of england is anticipated to put out its inflation numbers. it's down from previously. the market had anticipated 3.5%. doesn't move the time line for when the bank of england begins to cut interest rates in the uk. we'll certainly see as they announce it at their meeting. you see pressure for the ftse 100 thus far. cac 40 is the biggest decliner thus far, 0.8% on the back of kering going down. 14% down. that's because the gucci maker has actually signaled that asia pasting is the specific market where they're seeing a drawdown in sales. 20%. the market is not liking it. luxury stocks all seeing some red across europe, frank. >> arabile, thank you very much. >>> now we need to get to breaking news on chipmaker intel. the biden administration is announcing that company is set to receive the biggest award yet from the chip set. megan joins us this morning. how much is intel expectie

arabile gumede is in the london newsroom with both good morning >> good morning, frank the market acrosssia is looking to massive gains this year we saw the nikkei jump to the re record highs up to the 40,000 point mark weakness for the nikkei 225. this is significant with the south korean market with kospi moving up to the two-year high for the index. that is on the back of the tech counters moving higher 5% for the good for the kospi. the hang seng is managing to tick up on the back of the tech in influx to europe, we are tracking news from europe. it is flatter with the numbers today. the gaming and betting company really pointing to the u.s. operations with the boost for the entity they did see a pre-tax loss revenue and ebitda which beat market expectations. the pce data is one we are looking toward today >> arabile, thank you very much. always good to see you. >>> turning attention backs to the markets. the list of the big banks raising the s&p 500 targets growing by one hsbc growing from 5,000 to 5,400. the bank has a bear case where they there are no fed rate cuts due to inflatio

let's go to japan with jp ong in singapore and arabile gumede in london.p. >> reporter: good morning, frank. 40,000 level was hit wit gains and now sitting at an all-time high. people believe there are under valued stocks in japan and that will give upside to the nikkei 225. it is all about the semiconductors and mike crow chips. partly because of the strong hand over from wall street last friday. you see the chip stocks among the top performers with avantis helps moing move above the 40,0 level. the south korea kospi is moving behind semiconductor players with samsung leading the charge. you want a bit of meat to support the charge of the chips fueled by a.i. south korea was offline last week with the holiday. they did say february exports of semiconductors surged 66% year on year. the factory lines seem to be humming right now. it could lend to that strength. this also carried over to the likes of tsmc. they are known as a power house with micro chips. i forgot to mention the taiwan exchange is at an all-time high. monday has been a good setup for asian

let's see how asia and london is doing with arabile gumede in the london newsroom. >> frank, we willtart off in asia it was a mixed quarter you saw a significant move with the hang seng out of hong kong the tech kocounters moved significantly. we are down 3% there marginal losses for the first three months of the year, but gains in japan and that market has been propped up 40,000 points that is a key mark 20% gained on that figure. a big gain pon that front. that entire market has been looking at the yen let's check on that. 152 is the key intervention mark by the bank of japan which could step in to buy more of the currency we sit below that figure at 151. now on to europe and this is where we are looking today we had seen positivity across the quarter for europe, but record territory as well for the french and german markets. we are seeing that mixed picture with the ibex 35 out of spain sitting in negative territory. happy easter, frank. >> thank you very much. >>> turning attention back to the markets. fed governor christopher twaller throwing cold water on the hopes of a rate cu

cnbc's arabile gumede live from london, thank you for joining us this morning. >>> next up we'll takeer look at president biden's fiery "state of the union" address and his message to republicans who have been trying to strip away the affordable care act. we'll be right back with that. t. we'll be right back with that. here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. no, my denture's uncomfortable! dracula, let's fight back against discomfort. with new poligrip power max hold & comfort. it has superior hold plus keeps us comfy all day with it's pressure absording layer. time for a bite! if your mouth could talk it would ask for... poligrip. [dog whimpers] [thinking] why always the couch? does he need to go to puppy school? get his little puppy diploma? how much have i been spending on this little guy? when your questions about life turn into questions about money... there's erica. the virtual financial assistant to help you spe

. ♪ ♪ >>> time now for business, and for that let's bring in cnbc's arabile gumede who joins us live d morning, arabile. so a key inflation report, the consumer price index is due out a little later this morning. what are economists expecting? >> yeah, so it's a slight uptick perhaps in some regards, but it is actually mainly flat on the headline figure that is anticipated, john. 3.1% is the anticipated headline number for that inflation print which would be the same then as january. of course this is the february print we're talking about. the core cpi print is the one to really look out for. they're anticipating 0.3% on a month on basis and 3.7% on a year on year basis. i think what really is the question mark is how sensitive the market will be to any movement higher or lower than the estimated figure at this level because the market is pretty much basing that things will continue to come down gradually. will we see the u.s. economy continue to get a hold of inflation and dip into that 2% handle finally, or will things remain above 3%, which then stalls the chances of a rate cut ha