lauren: thank you, jane foley, very much.ere mentioning, obviously a lot of volatility especially when it came to fang stocks in the month of october even the behemoth got hit. dow is up 16, s&p sup 11 and a quarter and the nasdaq and this would be key the watch with apple's numbers, lauren, 23 and 3 quarters right now. lauren: fang stocks $400 billion in october, they try to crawl back today, apple the key report to watch, it is 4% of the s&p 500, 6% of the dow, and 13% of the nasdaq, emphasis is waiting, it's heavy and very important. cheryl: we are looking at performances for fang stocks as well that we are getting earnings report today, starbucks is after the bell, apple after the bell today. lauren: dow dupont. cheryl: good mix of earnings coming up that we will be watching. now we will be watching mornings with maria. maria: thanks for joining us, i'm maria bartiromo, thursday november 1st, yes, happy november, top stories right now before 6:00 a.m. on the east coast. markses pointing to another day of gains this mornin

jane foley, senior foreign exchange strategist at rabobank. let us look at frankfurter allgemeine.t is, exactly. it refers

jane foley, senior foreign exchange strategist at rabobank. let us look at frankfurter allgemeine.he british to the eu. that is germany's take on yesterday. it is, exactly. it refers to the withdrawal agreement. but the withdrawal agreement. but the withdrawal agreement, all 585 pages of it, generally looks a bit backwards. there are still a lot of negotiation into what will be the future relationship between the uk in the eu. this paper says that brexit hardliners are unhappy because not only will the uk be bound by this exit agreement, but looking forward that the uk will also be bound by eu minimum standards and labour environmental law and state aid. they are quite pleased, but not some of the other press. there is reports that countries such as the netherlands and france are saying that the eu have conceded too much to the uk. that is quite interesting. this paper is quite pleased because they don't see much difference. this is theissue don't see much difference. this is the issue for the hardline brexiteers, as you say, the fact that this komru miah is, the withdrawal agreeme

>> yes >> thank you very much for joining us, jane foley, head of exit strategy. >>> coming up on thel oil claws back after suffering a black friday more on that when we come back >>> welcome to "street signs." i'm julianna talibum and i'm jomana versace here are your headlines. >>> theresa may's brexit deal is signed off she'll convene her cabinet and address the house of commons later today as she aims to sell her plan to british lawmakers. >> this is the deal. it's the result of what has been tough and difficult negotiations over a significant period of time and as it's been said this is the deal that's been on the table. this is the best possible deal it's the only possible deal. >>> italian banks lead the ftse mib higher amid rumors rome could tweak the 2019 deficit deal a move that could lead the standoff with brussels and their ongoing round. >>> crude prices that crawl back after a move cheered by president trump as a big tax cut. >>> and flybe shares soar roughly 30% after a report suggests that iag is going head to head with virgin atlantic in a race to buy the struggling ai

jane foley is senior foreign exchange strategist at rabobank good morning. ls! we are all trying to get our heads around it. what has been going on in the last 2a hours? the pound has been very sensitive. it has been sensitive to brexit headlines about anything else. we have been here for quite a while... sincejune have been here for quite a while... since june 2016. have been here for quite a while... since june 2016. last year it was the bank of england and other fact is but in the last few weeks it really has been brexit. the budget was largely ignored, the bank of england meeting largely ignored. a lot of trading on the back of these headlines but a lot of people who do not have to be involved in stirling right now waiting on the headlines because it is difficult to predict and know what is going to happen. because it is difficult to predict and know what is going to happenm the 500 plus document —— 585 i have just been told in my ear, what does it tell us about the economic sector? very little. i have been trying to find out what the reaction is to that

joining us now is jane foley, investment director, rathbone investment management. market seemed to believe this is on. we wa nt to seemed to believe this is on. we want to put it into perspective, it only takes us back to the levels we we re only takes us back to the levels we were trading at only a week ago. last week was a really very grim week for the pound and really quite remarkably having held up quite well over the two months previously. it is interesting because this week it is interesting because this week it isa is interesting because this week it is a big week for the pound in terms of the budget and the bank of england reporting on inflation later on today. the movements in stirling last week really did prove that what matters to investors more than any other factors is brexit. matters to investors more than any otherfactors is brexit. brexit matters and the market is short of sterling and is vulnerable to bad news and once there is a little bit of optimism, a good press report, sterling jumps and that is what we have had over the last 24 hours. when it

jane foley, senior currency strategist, at rabobank is here.tertwined, trump, china, give us your take on the political risk. intertwined, trump, china, give us your take on the political riskm is huge, i am economist, but i have become more of a political strategist and economics is very much in the back seat which is interesting because it is generally emerging market strategist that have to pay more attention to politics and now it is the likes of me so it is huge since trump came in and the trade was took over as a significant theme. and underneath that, brexit. there are also popular is things linked to brexit and trump and links teams in europe. you have italy, italian politics, nationalism in europe. so there is a lot of politics in different forms coming through. away from that politics, let's talk about companies which is oui’ let's talk about companies which is our normal domain. that is news yesterday the apple share price was falling. again related to what president trump had to say about ta riffs president trump had to say about ta

jane foley, a view into fx. how are these numbers affecting the dollar?w you dig into these numbers, the fed is not able to push ahead with the interest rate hikes. i don't think many people would argue from the numbers we have just seen. theo have a view that dollar will continue over the the 4-5 months or so but market still needs to know what will happen with that trade pact. that is where the tension is going to be. this is a dollar positive story but another implications of the fed are in the price. alix: fair point. there was a trade gap reported here. trade gap was a seven-month high but exports and imports increased. 29% monthports, down on month. definitely an impact on the trade front. those numbers are actually good. .igher exports and imports can we hire -- handle higher rates? >> absolutely. the repricing is gradual. the market can easily handle higher yields. you are seeing a law the trends on the employment front. it is going to support a strong consumer. that is the key. a good portion is the consumer. .ou will see a strong consumer we sho

let's get back to jane foley. we can see how sensitive sterling is to every political headline.s this change anything meaningfully for sterling? this is exactly the kind of move the prime minister needs right now. she has been defined over the last -- defiant over the last 24 hours. this news again will bolster her position, but clearly, she still faces a lot of hurdles in the next few days. nejra: we have seen money markets reprice the boe and basically price out a hike in 2019. is that premature given how sensitive everything is to every political headline? that we have to remember if sterling were to tumble very significantly and i were to be a hard brexit, it is quite possible that the bank of england may still hike. it is possible that the bank of england will remain hawkish even if real incomes are hurting. nejra: thank you for joining us. great to have you with us. jane talking through all the movements for sterling. joining us now at westminster is out of marshall -- adam marshall . and: i am joined by adam anna. let's start with you on policy. michael gove deciding to s