i'm joumanna bercetche these are your headlines don't expect an asylum agreement at today's eu summit, that's the message from angela merkel who says they have a way to go on migration. >>> european equities see red dragged down by basic resources after a late stage selloff in china as the u.s. tightens investment restrictions. >> the president was very clear, we'll treat china the way we treat other people to the extent we're worried about transactions, we will block them >>> the white house and kremlin agree to a summit between donald trump and vladimir putin after the nato meeting as washington defends the president from criticism over his stance towards moscow. >>> and h&m second quarter profits fall more than expected as higher markdown levels and growing inventories weigh on the world's second largest fashion retailer sending shares lower. >>> good morning let's check in on markets. we had some big swings in u.s. equity trading towards the close with all three major i dindices closing in the red asian markets, we saw further losses with chinese equities down about 1% yet again.

i'm willem marx. >> i'm joumanna bercetche.rldwide exchange" is coming up next. >>> it's 5:00 a.m. here are your top five at 5:00 the white house expected to unveil a new round of tariffs against china. >>> at&t completing its deal for time warner. >>> qualcomm bouncing on reports that chinese regulators have approved its deal to buy nxp. >>> the president sending disaster aid to hawaii as their volcano continues to erupt. >>> and mcdonald's choosing paper over plastic and drinks may never be the same. we'll explain on this friday, june 15th as "worldwide exchange" begins right now ♪

i'm joumanna bercetche these are your headlines ending the week on a high. european equities in the green after chinese stocks stage a laterally, partially recovering the week's trade related losses. >>> after nine hours of negotiations, eu leaders strike a late-night agreement on migration. angela merkel welcomes the cooperation, in particular with italy. >> translator: so i would say overall we are satisfied it was a long negotiation. it tells us the timetable, which means today italy is no longer alone. >>> the fed details critical deficiencies at deutsche bank's u.s. unit which flunks the latest health check. cnbc speaks to christian sewing later today. >>> and novartis announces it will launch a $5 billion share buyback sending shares higher. >>> good morning chinese stocks rebounded closing the week in positive territory after a selloff this week which means the shanghai composite and the others are set for their worst monthly performances in two and a half years let's get more from nancy hungerford >> a different picture heading into the weekend for t

i'm joumanna bercetche these are your headlines sterling pushes higher after theresa may surviv a key brexit vote, but concessions are made to get rebels to offer support. we'll speato theresa may right here on cnbc >>> data breach at dixons. they are the victim of cybercrime after discovering unauthorized access to a payment card held by the company. >>> the world's largest clothing retailer inditex defies currency returns, but shares reverse gains in early trade hitting the bottom of the ibex. >>> and a victy for m&a. at&t and time warner win the right to complete their $85 billion deal despite opposition from the trump administration. >>> oil prices are unlikely to continue rising as sharply as they have, that's according to the latest iea oil market report as ever, i'm happy to say neil atkinson from the iea joins us on the line. sir, i see you'vreleased your forecast for 2019 now, on the supply and demand side let's start with supply. i see that on that note for 2018 you revised upwards the growth to the tune of about 2 million barrels a day from where it was before you see 1.7 m

i'm joumanna bercetche these are your headlines european equities follow the u.s. and asia lower after a hawkish fed hikes rates and hints at two more this year while the ecb could outline its great unwind. >>> uk prime minister theresa may says she will not allow parliament to tie the government's hands when it comes to brexit but suggests lawmakers will have a meaningful vote on the final agreement. >> this is a negotiation i said right at the beginning of this, nobody, i don't think anybody watching this would expect us to give a running commentary on our negotiating strategy and the negotiations we're involved in. >>> comcast challenges disney with an all-cash $65 billion bi for fox setting up a showdown for murdoch's nemedia power. >>> and rolls royce announces thousands of job cuts in a bid to boost cash reserves and simplify the business. >>> good morning welcome to "street signs." it is the launch of the world cup today, but we also have an important central bank meeting coming up in the ecb later very busy 24 hours as far as central banks have been concern

i'm joumanna bercetche "worldwide exchange" is coming up next. >>> it is 11:00 a.m. on the beaches of france, and here are your top five at 5:00 a.m. on the east coast another black eye for facebook after admitting it's been sharing data with a chinese company that's been labeled a national security threat, among others tesla shareholders striking down a proposal to remove elon musk as chairman of the board hundreds more homes in hawaii destroyed. lava continuing to flow from mt. kilauea. china's zte reportedly inking a deal with america that would put it back in business. anr airways chief executive apologizing for the sexist remarks that he made yesterday. it is wednesday, june 6th, and "worldwide exchange" begins right now.

good to have you with us cnbc's joumanna bercetche joins us live from london.tial tensions that might flare up on the heels of the g7 summit? >> it appears not, ayman. the dow is opening up about is 50 points lower. through the key 25,000 mark. we did break through that again a couple of days ago. but it looks as though all the indications are for a much weaker session. we did have a weaker session in asian equities as well with most of the bÖrses trading south and the german index trading down about 1.5%. elsewhere in some tech news, facebook is under scrutiny yet again, they have revealed that 14 million users had their settings changed for four days in may whereby anything they posted on private mode was switched to public and facebook has since corrected that. and if you were affected, you would get a notification the next couple of days telling you. i think the major question is whether or not it's scary it happened in the first place or it's still going on after all the scandals that facebook has been afflicted with. >> it's a lose-lose situation either w

later this morning, joumanna bercetche will be speaking to thomas jordan. on the agenda will be the monetary policy assessment and the annual financial stability report. >>> sterling has fallen to a seven-month low against the dollar ahead of the bank of england monetary decision later today. last month boe governor mark carney said the monetary policy committee will need more time to gauge the strength of the economy after a mixed set of first quarter data joined by daniel vanatta from unicredit. thanks for being with us what do you expect from the vote today? >> i think the vote will be 7-2 for the bank to remain on hold with the rate. the event should largely be a flaun-eve non-event today. most members of the committee are looking ahead to the august round where there will be the inflation report, a new set of forecasts, and more data by that point. data recently has been mixed not all of the data was temporary, and there are signs that there is further weakness in the economy most members will want to wait for more data. >> let's dig into this data. we

. >> joumanna bercetche joins me around the desk. none of those downside risks are surprises, but something worth forev focusing on? >> i thought if we go back to last week's meeting, forward guidance eclip clipse everythin else taking one step back, remember the growth and inflation projections. on the inflation side they increased inflation projections for 2018, going up to 1.7% on the growth side they lowered their forecast from 2.4% to 2.1% it does tell you they are getting concerned about some of these downside risks i thought it was interesting in the speech he used that platform, the whole world is watching, to highlight what those risks are. he said global protectionism, not a surprise, rising oil prices, that could change in the next couple days we have the opec meeting coming up, but then again oil prices have risen significantly, and that's one reason why they upgraded the inflation for this year, and market volatility. all of those are happening this morning. those are present risks at this time bringing it back to moneta

. >>> joumanna bercetche joins me here in the london studio. that was a nice speech from him. and there were other similar statements from european leaders after the deal was reached if you two back to 2012 and look at the numbers the euro group predicted for debt to gdp ratios, they were saying by 2022, we'll get it down to 117%. it's now at 177% that doesn't look attainable how will this help >> you hit the nail on the head. in terms of the absolute number of debt as a proportion of gdp, it's 180% whether they pay it back in one-year's time or 50-year's time that debt is the same debt load as before. but everything has been pushed back by ten years. let's break it down into what was offered versus what greece still needs to do. in terms of what they got, they got a ten-year debt extension for about 100 billion euros worth of debt. also another ten-year grace period when it comes to the interest payments. that means in the short term they have less imminent payments, less imminent debt repayments and less interest payments that buys them more time they finally agreed to the f

. >> joumanna bercetche live from london. >>> the department of justice under siege, the president continuinging to fill its number three position. the broader impact the vacancy could have on the future of jeff sessions and rod rosenstein are in question. >>> plus remembering robert kennedy, 50 years after his assassination, nbc news presidential historian and misbs chris matthews and "morning joe" producer, will examine the legacy robert kennedy left on the political landscape. southern coast of ireland. i think it's why we've been doing this...forever. my dad has roots in the mountains of northern mexico. home to the strongest runners in the universe. my dad's ancestors were african i bet they told the most amazing stories. with twice the detail of other tests... ...ancestrydna can show dad where he's from- and strengthen the bonds you share. it's only $69. give it to dad for father's day. it's only $69. only tylenol® rapid release gels have laser drilled holes. they release micinfast, for fast pain relief. tylenol® i'm about to start the hair, skin and nails challenge. so my future self w

. >> with more, cnbc's joumanna bercetche joins is live from london did the at&t decision just escalatest deal of all time. the other was also with time warner in 2000. it does open the floor to other potential deals. and one is that of comcast. last month they said they planned to make an all-cash offer for fox's assets, that includes the studios and networks, subject to this at&t deal being approved. now that it's approved, they haven't released a price guidance yet, but what we know is that disney, who have already made the offer for fox's assets, their offer is $52 billion and some analysts are expecting the offer from comcast to be as high as $60 billion. so all should come to fruition in the next couple of days. and markets after the decision, fox shares rose 1 %. comcast shares fell 2.5%. so the markets are anticipating a bidding war. generally speaking, markets have been muted since the singapore summit. somewhat of an anti-climax. the dow ended slightly in the red and other markets have traded a little firmer in overnight trading. but it seems as though all the attention is now

. >> joumanna bercetche, thanks so much. >>> coming up, axios' nick johnston has a look at this morning'snd on "morning joe," president trump facing an opportunity to reshape the supreme court for decades to come, as anthony kennedy announce as decision to retire. a political dogfight over his replacement. >>> senators dick durbin and richard blumenthal will weigh in as they whether to block the president's pick for the next justice. "morning joe" moments away. so i drink boost to get the nutrition i'm missing. boost high protein now has 33% more protein, along with 26 essential vitamins and minerals. and it has a guaranteed great taste. man: boost gives me everything i need to be up for doing what i love. boost high protein. be up for it. boost high protein. show of hands. let's get started. who wants customizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of ro

cnbc's joumanna bercetche joins us this morning. >> as you say we're expected to hear the latest tariffnese goods, the number circulated is $50 billion worth. expectations is that the tariffs will be implemented within the next week. china said they're looking to retaliate. one way they could do it is by pledging or rolling back their pledge to buy more american goods, natural gas or soybeans which would hit some of the trump political base, we've heard that retaliatory measures, mexico has hit back in response to the aluminum and steel heavyies, imposing tariffs on american pork and steel and the eu have announced tariffs to the tune of $3.3 billion. including blue jeans, motorbikes and whiskey which is a good weekend for you, lewis. >> i love the whiskey. one of facebook's top strategists, the guy who kind of oversaw the cambridge analytica scandal and the response to it is stepping down, what can you tell us? >> he's been there for ten years, joined from google, obviously a longstanding member at facebook and apparently the move had been in the works for a while. it comes at an inter

numbers stocks selling off in asia and europe complete team coverage from around the world joumanna bercetche is standing by in london let's begin with nancy hungerford in singapore. give us some percentages, nancy. we are down about 1.4% i figure the asian markets go down 3%, then we're winning, aren't we? i don't know >> depends on which asian markets you want to focus on we saw broad based selling if you want to talk big numbers, look at the greater china markets. it may not surprise you that the brunt of the selling took place there. keep in mind, too, these markets were on holiday yesterday. they did not get their first chance to react to the first round of tariff threats from president trump, that $50 billion number, now reacting to additional tariffs on 2$200 billion of goods china now fighting back. that did see a further weakening of indices here. the shanghai composite off 3.8%. shy of the last selloff in early february the shenzhen is the worst performer off almost 6%. the tech heavy index, explains a lot since tech is at the heart of the trade concerns coming from the united state