i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines bar kays nears the high thanks to expectations and a 67% jump but saying economic and brexit uncertainty will make it tougher to reach the markets >> profitability is quite acceptable recognized even with brexit, we are still in a pretty benign market for the uk. >> ab inbev plunge as the world's largest brewer misses third quarter estimates and wonders continue for the rest of 2019 >> kering shares surge after a slow down from the unrest in hong kong. >> uk prime minister boris johnson says he'll allow more time for mps to discuss his brexit deal. >> we are being very, very reasonable we are saying if you genuinely want more time, you can have it. here it is but the continue for that is that we all agree to go for a general election on december 12. >> a very warm welcome to "street signs" and happy friday. let's kick off the show with some fresh german data we got those fresh october pmi numbers. the efos survey showed german business moral was unchanged the

i'm julianna tatelbaum these are your headlines donald tusk tez the eu will decide on the brexit request as downing street rushes to ratify the new agreement. >> one thing must be clear, as i said to prime minister johnson on saturday. a no deal brexit will never be our decision >> italy's draft budget may in violations to the fiscal rules >>> ubs trades higher after a swiss lender turns a third quarter profit beat. ceo tells cnbc market conditions are tough. >> it is quite clear that we are more into a permanent challenge for the industry, so we have to think about how to redeploy resources and refocus existing resources. >> novartis raises its third year jump beating expectations >> a warm welcome to "street signs. let's get a check on european markets. a bit of red across the board. it has been a fairly choppy session. the dax is teeterring around the flat line. you can see the cac, the ftse and the mib are in red territory. we are seeing a little retreat after a solid day of gains yesterday. today firmly in focus. we have brexit front and center. we heard them making the point that b

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines >> european markets take stock opposing the brexit bill >> the eu must make up their minds. the government must take the only responsible course and accelerate our cooperations. >> a stark out look from texas instruments chips away the tech bill lowers profit for the year blaming the u.s./china trade war. >> abb falls higher. the swiss industrial group warns of deeper conditions in u.s. and china. a taste for heineken following a week performance in the americas >> good morning. welcome to "street signs." getting an early check about one hour into the trading this morning. no doubt on back of the weakness we are seeing in sterling. a lot of political developments we'll get to not least how the eu will respond and what type of extension we'll be looking at. that's squarely the focus in the uk you can imagine on the day when the pound is trading softer. cac down and italian index down too. in europe, the discussion is not only about brexit but also about the ita

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines angela merkel says she is not giving up after she says they cannot support the new uk agreement. >> home builders get hammered. reporting a rise in quarterly sales. >> germany finance minister says his government is spending enough to condition tend with the economic down turn, reaboving the criticism. >> we are spending a lot of money for public investment. we have a fiscal policy in the last years the only thing different is that we are not willing to have extra can debt >> ericson shares are on hold. raising the full year's sales o outlook. >> welcome to "street signs. let's get right to the top story of the day sterling has pairs some losses after angela merkel says there has been, quote, significant movement towards a brexit deal the eu will negotiate until the last minute. the party says it can't back the current proposal as things stand. concerns around customs and consent issues and the lack of clarity around vat >> as we've been discussing, the market

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines the dax hits a six month high. raising alarm bells about the health of the eurozone economy >> ecb president mario draghi prepares to say farewell >> nor keya shares drop over 20%. warning tough competition is squeezing margins. >> tesla shares jump up 20% with a surprise profit and bullish outlook. >> well we are looking at a sea of green in europe across the equity markets the dax currently up 0.4%. the ftse mib outperforming the ftse 100 up 0.6% that focus around the earnings we have a raft of earnings coming through one sector getting a boost in recent trade is up about 1.5% a lot of this strength seems to be coming off tesla's support. much stronger than expected on the back of good news there. the key message here yes, we've got the ecb meeting taking place no major policy changes are expected we are in waiting now. the clear focus seems to be on the earnings coming through. they seem to be not as bad interesting to take note where the euro stands. on th

. >> i'm julianna tatelbaum.hese are your headlines. >> the global rally loses steam as europe fails to pick up on the trade deal optimism after the u.s. and china agree a truce and first phase of an agreement. >>> the world trade organization gives the green light to the u.s. to impose tariffs on eu imports over airbus subsidies. >> reporter: uk house builders and banks amidst the biggest fallers in the fitsy 100 says a lot of work to be done to get a deal. >>> the u.s. pulls last troops from syria president trump threatens powerful sanctions against ankara ♪ >>> well, our top story this morning and the top story for markets, a very substantial phase one deal is how president trump described friday's tentative trade agreement between the united states and china. mow the first part of what's expected to be several phases of negotiations covers areas like agriculture, currency and intellectual property. the president also agreed to suspend raising tariffs to 30% on $250 billion worth of chinese goods. >>> while bo

i'm julianna tatelbaum these are your headlines philips shares plunge. european markets turn positive after china calls on the u.s. to, quote, stop putting undue pressure on chinese companies. lvmh sets a trend after third quarter earnings sparks a rally. easing concerns over the impact of unrest in hong kong eurozone finance ministers agree. euro group president tells cnbc the new package aimed at supporting the euro is now ready to go. >> this will be at the corner of the financing of the eurozone today and in the future. an instrument has been created sos it fully operational this is the important thing. we've got a raft of uk data just hitting the tape now let's kick off with the uk gdp grew 3% versus the three-month in august. we are looking at minus 0.1% month-on-month that's the first fall since april. in terms of year-on year that grew other data we are getting come through industrial output. that came in at minus 0.6%, significantly worse than the market had been expecting. the year-on-year figure came in 0.8% on the manufacturing front, that ca

i'm julianna tatelbaum and here are your headlines >> the global selloff after wall street logs the biggest decline in nearly six weeks. the u.s. hits the eu with tariffs. after washington with the right to put levees on goods in a long awaited case >>> all of those countries were ripping off the united states for many years they know i'm wise to it we've had a lot of wins. this was a $7 billion win. not bad. >> washington spares champaign and leather goods. uk prime minister boris johnson makes his final pitch but he receives a tepid response. >> the process, to be frank, a lot of work still needs to be done to reach the object of the backstop a warm welcome to "street signs. we are just getting some fresh data out of the eurozone this is the final services pmi and kpcomposite pmi. the final number of 51.6 versus 52 in august the final composite number is 50.4 versus 50.1 in august this comes out of dismal eurozone numbers the final manufacturing pmi fell manufacturing continues to be very, very weak. to have a look at the euro in response to these numbers. currently trading 1.5% lower bel

i'm joumanna bercetche >> i'm julianna tatelbaum. these are your headlines >> prices jump as a tanker is said to have been hit by miss i'lls. >> high-level talks get underway and president trump will meet with chinese vice premier today. >> we just met with china. we are doing very well i'm meeting with the vice premier at the white house i think it is going really well. >> sap shares surge. co-ceo tells cnbc mcdermott believes now is time for change at the top >> other than thinking about handing over the reigns and going through transition in the beginning of the year, he felt now is the appropriate time to come out we had a great strong quarter. >> hugo boss cuts its out look for the second time. puwlicis is also at its lowest since july 2012. >> a warm welcome to "street signs. let's kick off with a fresh report from the iea. they have reduced their oil demand estimates for 2019 and 2020 to 100,000 barrels to 1 million barrels a day and 1.2 respectively they lowered these to reflect weaker demand. they also noted that demand for

futures the none farm payroll coming out and we are looking at muted trade on wall street i'm julianna tatelbaum "worldwide exchange" is up next. >>> it is 5:00 a.m. at cnbc global headquarters. here is your five at 5:00. break out. the playbook for wall street a wild week for stocks could today be more of the same? because there are some recession warning signs out there. a string of weak data has investors on edge with the latest report due within hours of now breaking news in hong kong as the government looks to crack down o

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines j the currency pushes lower amid fears negotiators will fail to declare a divorce deal >> the right medicine. shares hit a five-year high after it boosted the guidance after solid demand >> turkey bank and the lira faulters after prosecutors charge against breaking sanctions. >> and jp morgan shares rally. goldman sach misses forecast as it endures heavy losses after investments in wework and uber >> a very warm welcome to "street signs. it is just over 24 hours now until the make or break eu summit sterling is under pressure amid uncertainty over a last minute brexit deal can be hammered out. talks have just restarted after stretching late into the night french prime minister said there is a glimmer of hope some members of johnson's conservative party have expressed p doubts about the emerging deal. let's head straight out to willem who joins us live from westminster. break it down for us, which lawmakers matter here? >> you've got boris johnson's party who a

now, our colleague julianna tatelbaum asked how brexit could affect the consumer goods giant. >> brexits comes down to one issue which is friction. we don't want friction at the border we really appreciate the free flow of goods, free flow of people, free flow of capital and we're taking a bunch of steps to make sure we can service out of continental europe we do stockpile a little bit just so happens a lot were summer seasonal businesses so if anything in october date is easier for us to deal with. but it's by far not the biggest issue we deal with we're used to geopolitical instability of a different order of magnitude in places outside of europe. >> have your brexit plans changed at all on the back of -- bearing in mind it's very recent but boris johnson's proposed proposal he submitted to the eu? >> not at all. we're planning for the worst case scenario which is an exit with no deal and hoping for some kind of deal that reduces friction so by planning for the worst, anything better than that is good news for us >>> a second whistle blower has come forward with direct knowledge of pr