hang seng off by almost 2.75%, almost 3% >>> let's check now on the action in europe as well julianna tatelbaum joins us with more on that it's red there as well, julianna >> it certainly is that weak handle from asia is not helping investor sentiment european markets have been open for about 2 1/2 hours now. as you can see across the board the losses are fairly steep. the french index is down about 2% the italian index, the ftse mib is down nearly 2%. quite a weak start to 2019 really more of the same, picking up where we left off in 2018 to put some of these moves into context for 2018, we saw the ftse 100, the uk index, the dax, the main german index and the stoxx 600, the overall european index all post their worst performance since 2008 the italian index and the french index saw their worst year since 2011 so we are seeing a weak handover from 2018 to 2019. now a also a weak handover from asia and that is weighing on investor sentiment here. china a big part of those export driven economies in europe beyond the china data, we had a raft of pmi data in europe which painted a soft picture fo

i'm julianna julianna tatelbaum >> i'm willem marx >> a torrid new year for european shares which fall sharply on the first trading day of 2019 after stocks log their worst annual decline in a decade. >>> basic resources lead the losses in europe as concerns about a u.s. china trade war and france's yellow vest movement hits factory data. >>> and chinese shares gets off to a rough start after the first contraction in pmi in 19 months. >>> and in italy, banca carige's ceo and chairman resign as the ecb appoints temporary administrators for the troubled lender >>> eurozone pmi numbers for december, it looks like the final manufacturing pmi came in at 51.4 for december that is against expectations of 51.4 matching it and slightly lower than the november number of 51.8 the output for manufacturing was at 51. that again matched expectations and was slightly higher than the november number at 50.7. the future output pmi came in at 56, against expectation of 56, lower than the november number of 56.3. >>> and european markets have now been open for just over an hour it has proved to be a nega

i'm julianna tatelbaum these are your headlines >>> european stocks open higher amid fresh hopes for resolution to the u.s./china trade war as washington and bay thing prepare to head back to the negotiating table. >> the pboc takes steps to boost the economy by cutting back on banks reserve requirement ratio, calling it a targeted adjustment, not a big stimulus >>> bayer shares rise at the open after a u.s. judge limits evidence in a trial over claims its weed killer round-up causes cancer. >>> and investors today eye the u.s. jobs report amid fears of a global economic slowdown as traders price in the prospect of a fed rate cut by april of next year. >>> just a few moments ago headlines from the pboc, they have taken further steps to try to ease funding conditions they announced further cuts to the reserve requirement ratio. to take you through those headlines that they have announ announced, this will lower interest payment costs for banks by around 20 billion yuan annually they are calling this a targeted adjustment, not a big stimulus and they will do it in a couple of different

. >> i'm julianna tatelbaum, these are your headlines. >>> apple rocks global markets by slashing its quarterly sales forecast dragging european stocks lower tim cook tells cnbc in an exclusive interview that a slowdown in china and weaker handset sales are to blame >> our short fall is over 100% from iphone, it's primarily in greater china. >>> shares in european chipmakers sink as the tech wreck bites, while apple's german listing adds to after-hours declines. >>> u.s. futures point lower with the dow and nasdaq set for triple digit losses after major markets stage a comeback in the first trading session of 2019. >>> christmas cheer for next as the retailer posts a surprise rise in sales during the festive period sending shares higher alongside its rivals >>> welcome, everybody apple has cut its sales forecast for the first quarter and blamed weaker iphone demand and in particular a slowdown in china tim cook used a shareholder letter to announce the company lowered its revenue guidance from a floor of $89 billion to a floor of $84 billion. he forecast grossmargins would come in at

i'm julianna tatelbaum >> i'm willem marx the u.s. moves higher. president trump cancels his trip to the world economic forum in davos, he might miss an opportunity to discuss trade with china >> u.k. home builders jumped after bank of america, merrill lynch upgrades the sector from neutral to under perform >> chinese automaker tells cnbc it's not sold any shares in germany's daimler after a report the company had cut its stake by more than half >> federal reserve chairman jerome powell affirms the central bank's patient stance, but warns about the growing level of u.s. debt >> the the long run fiscal nonsustainability of the u.s. federal government isn't really something that plays into the next, you know, the sort of medium term that is relevant for our policy decisions >> european markets have been open now for just over an hour and it is shaping up to be a positive start to trade for the final day of the week. the euro stoxx 600 is up about 30 basis points right now. this follows a fairly mixed day yesterday in terms of the different regions, b

julianna tatelbaum joins us live from london. what can investors expect today, julianna?marked by more fluctuation in investor sentiment. stocks did end higher yesterday. expect more headlines on both those front throughout the next 24 hours as well more corporate earnings. a couple of comments out on facebook that i think are worth highlighting here. this a company that has been under a huge amount of scrutiny over the last year around trust and whether the public can actually trust what they do with their data in particular. sheryl sandberg said that the company needs win back public trust and interestingly admitted they did not anticipate all of the risks that have come with connecting so many people from around the world. separately muck bark zuckerberg taken out an opinion piece in "the wall street journal" to bring out the facts about facebook. facebook is feeling the pressure and the scrutiny from the public. >> thank you. >>> nicholas johnston has a look at this morning's "1 big thing." details on the three-week plan to help reopen the government after senators fa

i'm julianna tatelbaum. >> i'm joe manna ber set chi, these are your headlines. >> gdp comes in at 6.6%8 years amid the on going trade war with the u.s >>> sterling in the red as uk prime minister theresa may proposed to unveil her brexit plan b to parliament, setting out how she intends to proceed with britain's divorce from the eu after a crushing defeat for her withdrawal agreement last week >>> economic error and political mistake. sharp words from the french finance minister amid reports the eu will veto the rail merger. >>> air france tops the stock 600 after an upgradewho now read the stock outperform. ♪ >>> it is shaping up to be a negative morning here in europe for equities we're about 1 1/2 hours into trade. as you can see there, three of the four major are trading lower, the worst performer of the bunch is the ftse mib down 65 basis points. the best performer of the lot is the ftse 100 uk stocks trading marginally higher there we are seeing some weakness in sterling so perhaps supporting some of those export names in the uk so, again, this is after a very strong finish to la

julianna tatelbaum joins us from london with more. good morning. >> good morning, louis.onomy and q4 and full year gross domestic product was in line with the markets' expectations but it did confirm that the chinese economy shrank by theshra shrank -- excuse me, slowed to the slowest pace since 1990. so we are seeing confirmation of a slowdown in china. as you mentioned, asia markets have rallied on the back of this news, in par because it came in on lines of expectations. >> on friday we saw tesla shares drop 13% after announcing they would cut 7% of its workforce. this is just one of cost-cutting measures that they've had to imcomplement. >> in china, the economy grew . 6.6% and it still the slowest growing economy. >> and one of the many impacts we're seeing on the back of the government shutdown. the fine they're considering imposing on facebook is related to violations from ten months ago and violation in terms of its users and personal information they released around this. they are potentially looking at a record penalty. back to you. >> thanks so much. >> coming

let's head to london for the gu full global market story julianna tatelbaum joins us. going to go with good day, juliann julianna >> thank you very much we're approaching noon in london a weak start to the year so far in asia and also in europe as you highlighted, a weak set of data out of china overnight that manufacturing print slipping just into contraction territory, below that 50 mark, which separates growth from contraction. while it is just below that 50 mark, the data raised concerns not only about the external demand picture for china but also the domestic picture. we saw new orders shrink in december so raising concerns around the whole picture surrounding china. if we look at some of the moves that came on the back of this data, the shanghai composite down 1% on the news. that weakness did spread beyond just mainland china. we saw losses in australia, in korea and japan. now shifting over to europe, we have now seen trading over the last few hours that weakness is filtering through. it's been a negative start to 2019 in europe the worst performer of the regi

they react once those markets are open >>> let's get an update on the european market action julianna tatelbaumt looks like a hangover monday for u.s. stocks here in europe, much of the same story. markets have started the week on a cautious note. the stock 600 is trading about 0 .5% lower this morning this follows a pretty decent week last week for european equities look beside me, it is a negative day across the various regions european investors are eyeing much of the same factors that u.s. investors will be watching this week. so the fomc meeting, u.s./china trade talks, payroll late they are week and big corporate earnings for tech, industrials and pharma names on top, highlight the ftse 100 is trending lower, down 0 .4% now because brexit firmly in focus on top of all the top-down global macro factors i just mentioned. tomorrow, house of commons will be debating a series of amendments to theresa may's brexit deal which you'll remember was defeated by a wide margin by parliament earlier this year. now quick look at the sectors and see how things are shaking out at the top of the leader boa

have a look on the markets overseas julia tatelbaum joins us from london with -- not a preview, an update of what's happening in trading in london. hi, juliannare struggling for direction. the stoxx 600 is currently just about flat on the day. yesterday we saw some modest gains for the main european equity index we also, of course, saw positive close for wall street. but today i want to take you through the different regions. we did see green across the board early today, all four main regions. we're trading higher, but sentiment has turned a little bit more negative now and the only major region in the green is the ftse 100 here in the u.k. now, investors are dealing with a raft of new information over the last week. they are difficult jesting frsh comments from jerome powell, a series of negative headlines in the auto space in the last 48 hours. some mixed trading results from european retailers of course, the big political event and focus here in europe, brexit onta topic i want to take you to one sector in particular that is coming into focus today, u.k. home builders. as you can see behind me, three of those main u.k. home builders are t