jeff staley talking earnings and the overall markets. >>> plus unstoppable amazon. the stock soaring to an all-time high we'll get an analyst's take on this latest leg higher it's thursday, february 22, 2018 "worldwide exchange" begins now. ♪ >>> good morning a warm welcome t

jeff staley talking earnings and the overall markets. >>> plus unstoppable amazon. the stock soaring to an all-time high we'll get an analyst's take on this latest leg higher it's thursday, february 22, 2018 "worldwide exchange" begins now. ♪ >>> good morning a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost live from london this morning. let's get straight to the global market picture futures are pointing lower off the back of some declines elsewhere in the world we are down around 100 points or so on the dow. improving a bit. down about 80 points the s&p down 5 points. the nasdaq down about 30 points. a big intraday turnaround yesterday. a 450 point swing on the dow initially markets liked the fed minutes and then they decided to focus on the word further being added to the line of further policying tighteni inin ining ly as we come in to today, down 1% for the week as a whole for the dow and s&p. all 11 sectors were lower yesterday and a lower week to date as well down 78 points on the dow as we look at things ten-year

jeff staley who said in a statement two thousand and eighteen will be the first year in five years that this bank begins with a clean operating model. and sticking in the u.k. a spokesperson for british prime minister to resign may has said that britain will be able to sign trade deals with other european union countries during the brics a transition period but leaders continue to contend and say that such trade deals with e.u. members must be agreed to by all of the twenty eight member nations making any such trade deals with the u.k. more difficult to achieve. and we talk about global markets right now we're joined again by boris boris used to work with the international securities exchange and the dortch a bursa group and now is a board member at the nodal exchange morris good to be with you here in new york thanks for coming in great to be here bart ok for source of all let's talk about the market meltdown that we saw it seems that were passed but what do you make of it and is there still somewhat of a correction coming well i think a lot of market participants have been expecting a

jon dephilipo was a big part of what we did, duce staley, jeff stoutland, guys that we put game plans together and in the one guy, not one guy gets the credit but mike has been promoted and i'm exited to see what he can do. >> fun fact of the day villanova has 11 big east wins this season, depaul has only eight big east wins combined over the last three. the two hook up tonight in south philadelphia. >>> sixers back at practice today, practice, and they begin, their post all-star game schedule tomorrow night in chicago. they have 27 games left and 17 coming in, coming against teams with losing records. right now, they are in the seventh played, seventh seed in the east and they are eyeing playoffs. >> playoffs are a different sport then the regular season in the nba. so when we come into the gym and we get to play, you know, the chicago bulls tomorrow night or we come in the video session or we get ready to go lift, everything to me has to be done with that type of disposition, that greater importance. >> can you say, another parade >>> to hockey 1:25 left in the game flyers trailing

jeff staley says he is optimistic about the future. >> there are a number of tailwinds. during the next year and half we will be retiring a lot of debt interest rates are in a much better position than they were before we've closed noncore noncore was a significant drag on this bank in 2017 you take those things around taxes, noncore expenses, that's about 150 basis points of that 350. then we have costs cost guidance of 13.6 to 13.9 billion for 2019 we have great visibility on how to get to that number. this bank dropped its costs by 5 billion pounds over the last few years. we know how to do that all you're talking about to get to that number, you have to believe we can increase earnings by 125 basis points. >> staley also said he had no plans to leave the bank despite an ongoing investigation by investigators about his treatment of whistle-blowers >>> ford's north american president has been ousted from the company. ford fired raj nair effective yesterday after conducting an internal investigation into reports of inappropriate behavior that's all we know the specific