everything from the war with ukraine and the issues with twitter and potential of recession we have julianna tatelbaumjulianna, i was fascinatined by it great interview. take us through what we have seen and what you think will happen next. >> dom, good morning thank you for having me. it was indeed a wide ranging conversation we covered a lot of ground listen for yourself. we have the exclusive interview with jamie dimon chairman and ceo of jpmorgan chase. i asked for his read on the health of the u.s. economy >> what is your read on the u.s. economy based on what you aring seeing at jpmorgan chase >> i think you have two things in mind. currently the u.s. economy is doing well consumers have money fiscal stimulus. they have more than they had before spending 10% more than last year 35% more than pre-covid. balance sheets are in great shape. debts have gone up even in recession, they will be in better shape than 2008 and 2009 you can't talk about the economy without talking about stuff in the future this is serious stuff. this is inflation which is changing the effect of the numbers. it is rates goin

i'm julianna tatelbaum "worldwide exchange" is up next.y do nearly one million businesses choose stamps.com to mail and ship? stamps.com is convenient you get the services of the post office right on your computer stamps.com saves you money with great rates from usps and ups mail letters ship packages anytime anywhere for less a lot less get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and get started today >>> it is 5:00 a.m. at cnbc global headquarters. here is your top "five@5." the bulls trying to hold on after a wild week of trading that saw the dow do something for the first time since late june >>> investors bracing for the second busiest week of earnings season as 152 s&p companies and is dow get set to report you have the likes of apple the, microsoft and boeing >>> in the uk, former prime minister boris johnson takes his hat out of the

julianna tatelbaum is standing by in our london newsroom with more >> good morning. the volatility in uk bond markets continues. the bank of england ramped up as pensions have until friday to rebalance positions. daily purchases came to 4.4 billion pounds bringing total buys since they expanded intervention to include bonds on tuesday to nearly 8 billion pounds, more than the first nine days' worth combined our sister channel sky news asked the chancellor on the fiscal side what would happen on friday when the bank of he can land as gilt buying program ends >> tell me, what happens after friday what happens after friday when the bank of he can land stop buying bonds >> that's it for the governor. i won't comment until that. >> as you can see there, there is a bit of a blame game happening now. the bank of england forced to react to the market fallout from the uk government's fiscal plans. in particular, those unfunded tax cuts >> all right, julianna tatelbaum, i wonder, though, with quasi quartang, similar to janet yellen, this is the political side of the argument w

i'm joumanna bercetche >> i'm julianna tatelbaum. thank you for watching "street signs. "worldwide exchange" is coming your way next. >>> it is 5:00 a.m. at cnbc global headquarters. here is your top "five@5." under pressure the stocks do something for the first time since november of 2020. >>> opec getting ready to slash output. >>> a developing story in the united kingdom as liz truss' government pulls historic u-turn on the controversial new growth plan. >>> plus, a major european

. >>> time now for business and nor that, let's bring in cnbc's julianna tatelbaum who joins us live lianna. u.s. investors are bracing for key inflation data. tell us what to expect. >> hey, jon, good morning. well, u.s. futures are trading higher this morning as investors await the ppi reading for the month of september. this is the producer price index. we're also going to get the latest minutes from the fed's last meeting so two key pieces of information for u.s. investors. this comes at the same time as earnings season gets under way. we've got pepsico results due out today. and then earnings season getting into a full swing this week with bank earnings. what to watch -- impact of inflation on costs and consumer demand, we'll keep an eye on hiring plans and impact and stronger dollar, among other things, jon. >> julianna, you had a significant interview with jpmorgan chase president jamie dimon who said that recession he thinks is likely. we heard from the president yesterday trying to downplay that, saying he doesn't think that's a guarantee. and if it does, it will be light. co

. >>> let's go worldwide julianna tatelbaum is live in our london newsroom with the action overseas. it's a mixed picture, julianna. >> hey, dom. good morning as for asia, it was green across the board. a bit of a catch-up trade especially for hong kong this was the outperformer, this shining star of the asian session. the hang seng index gaining nearly 6%. that was the best trading day in almost seven weeks i say a catch-up trade the hong kong market was closed for a one-day holiday. the investors making up for it we saw a strong demand for energy, i.t., and financial stocks in hong kong. here in europe, a little bit of a different story. we're seeing some profit-taking in europe where it's red across the board for the european equities, but, again, this is after a major rally here european shares are up more than 5% in three days coming into today's session. we're keeping a very close eye on the eu leader as they're preparing for a summit in prague tomorrow and lots of hope and pressure building around more of a response to the energy crisis. just this morning we got news there is p

and time now for business and for that, let's bring in cnbc's julianna tatelbaum who joins us live fromgreen on wall street. so what do you think? is the market going to rally today? >> it's hard to say, jon. futures have been bouncing around throughout the morning. as you say right now, we are looking at a weaker start to trade. but it comes after another strong session yesterday. the tech-heavy nasdaq rallied about 2.25%. the s&p 500 rose about 1.6% as the dollar pulled back. so investors putting more money into equity markets yesterday. and part of the story is that we got some weak macro data. in particular, this key house price index came in at its lowest level since 2011, consumer confidence also came in below expectations. so, this narrative around a potentially less aggressive federal reserve is part of why u.s. stock markets rallied yesterday. and bond yields moved lower. but sentiment took a turn for the worse after hours. we got a couple of big tech earnings which i'm happy to go through in a minute but that seems to be what drove sentiment lower and there seems to be pressur

of twitter in a moment as we turn to business news, thankfully, we've got the help of cnbc's julianna tatelbaumock futures, they're down this morning, following a sharp two-day rally on wall street. it seems that the markets aren't out of the woods yet. that's a lot of red. >> it is john, it's a bit of profit taking after the monitor two-day rally on wall street. the dow jones registered its best trading day since may 4th, gained about 2%, s&p 500, 3%. and the three major indices rallied 3.3%. so, yes, we're seeing red signals on the board today but it's after some pretty substantial gains on recent gains. the market bounces primarily on expectations that the federal reserve may not raise interest rates as aggressively as previously anticipated as there are signs that the u.s. economy may already be slowing and perhaps inflation has hit its peak. >> so, on that the number of job openings in the united states plunged by more than 1 million per data -- in august, per data released late yesterday. what does that tell us about the state of the economy? >> well, this is precisely one of those signs

is likely to tip in recession in the next six-to-nine months he spoke to our julianna tatelbaum ahead of the tech conference in london about the serious headwinds. >> currently right now the u.s. economy is still doing well. consumershave money. fiscal stimulus. they have more than before they are spending 10% more than last year. balance sheets are in great shape. debt has gone up a little bit. not like pre-covid levels. they will be in better shape companies are in good shape. credit is good markets are still open rocky and stuff like that. you can't talk about the economy without talking about the future this is serious stuff. this is inflation which is changing the effects of the number rates going up more than people expect already and probably more from here. qt which we never had before there is the unknown effect you see in the bond markets around the world and sovereign markets and people selling u.s. treasury debt and the war these are very, very serious things which are likely to push the u.s. and world in recession. europe is already in recession likely to put u.s. in rece

go worldwide busy day in europe with the overhaul and key monetary policy decision on deck julianna tatelbaumon all that from the london newsroom julianna, good morning >> seema, good morning there certainly is a lot to play for in europe. overall markets are trading lower. the only bright spot is the ftse 100 which is up .20% you are seeing out performance in the oil and gas names in europe otherwise, it is a down beat start to trade investors are making their way through a slew of earnings let's get to it. let's run through the big ones to watch credit suisse as you said unveiled a radical overhaul as well as a 4 billion swiss franc capital increase the swiss lender is launching a rights issue of approximately 32% and it is bringing in a new shareholder, saudi national bank this after it posted a net loss of 4 billion swiss francs in quarter three. speaking with cnbc earlier today. the ceo detailed how the bank will conduct its overhaul. >> number one, kad radical restructuring, significant reduction of costs, number three, the significant reduction of the capital base. with all of those to

julianna tatelbaum has more from london >> seema, good morning the twists continue this morning. stoxx 600 is up 5.5% moody's now expects credit suisse to suffer a total loss of $3 billion by the end of the year the analyst says this could bring the capital below the 13% level. credit suisse will buy back 3 billion swiss francs saying it was taken advantage of market conditions shares have slumped amid concerns of the capital position here is the longer term chart here for credit suisse it has come a long way and volatility continues >> this is one of the biggest banks in europe. what is next for credit suisse beyond the buy back? >> credit suisse has been embarking on the strategic review they faced scandal after scandal over the years a number of changes at the top and now the lender has come out and said we're going to give you all the details around the review and what we plan to do with the investment banking unit that update is due on october 27th when the earnings are due out there. has been pressure for them to come out with something sooner, but if you put one date in th

i'm julianna tatelbaum >> it's joumanna bercetche >> the new uk chancellor jeremy hunt prepares to updatearkets and lawmakers with further budget u-turns expected. >> what we need now is for me to show parliament and the markets that we can make our tax and spending plans add up. >> my best guess is inflation pressure will require a stronger response than we thought in august. >>> xi jinping hails historic victory as he opens the national congress laying out the vision for the next five years and cementing authority ahead of the likely third term. >> translator: in order to achieve breakthrough in key fields, we will move faster to launch a number of projects that are of strategic, big picture and long-term importance >>> u.s. futures notch higher and iif chair axel weber says curbing inflation is priority. >> the job as not done until we see inflation disappear in the rearview mirror. that's what the market needs >>> stellantis ceo tells cnbc that leaders have been too dogmatic on the energy policy. >> we need to be able in 2025 to produce 50% of our energy needs within our own sights. >

for that we go to our julianna tatelbaum in the london newsroom. >> good morning. they managed to shrug off the negative sentiment green across the board the hang seng in hong kong, which has been incredibly volatile, this week, of course, the heavy selling in technology shares earlier in this week showed some resilience up 1% nikkei and japan gaining ground overnight. in terms of european action, we started sideways and the positive momentum built and we've come down a bit iechlts been a choppy session so far the xetra dax up 0.6%. we have a little bit of a performance from the ftse 100, a term of 1% it's a big day for earnings here in europe. let me highlight a few of the big names for you. deutsche bank has posted a third quarter net profit of 1.1 billion euros, its ninth straight quarterly profit. it added it's starting to see the benefit from higher interest rates come through fairly metered reaction in shares as these results came in largely in line with what analysts and investors had been expecting. one name that took investors by surprise, heineken the com

julianna tatelbaum, thank you. >>> much more from georgia where early voting gets under way.d democrat challenge stacey abrams. "way too early" is right back. ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. making sure you have the right balance of risk and reward. and helping you plan for future generations. this is "the planning effect" from fidelity. ♪ ♪ ♪♪ voltaren. the joy of movement. ♪♪ the long-lasting scent of gain flings made it smell like dave was in his happy place - the massage chair at the mall. [ping] but... he wasn't. gain flings with oxi boost and febreze. bye bye tough odors, try gain odor defense. ♪ today, my friend, you did it... ♪ today you took delicious centrum multigummies and took one more step towards taking charge of your health. they're packed with essential nutrients for energy and immunity support. so every day, you can say, ♪ you did it! ♪ with centrum multigumm

big question on investors minds, of course, is where is the bottom yesterday's cnbc europe julianna tatelbaum dimon and asked him that exact question here's what he said. >> stock markets, where do you see the trough for the s&p 500 >> oh, i don't know. look, it may have a ways to go it really sxendz on the soft landing, hard landing thing. it's hard to answer. it could be an easy another 20%. i think the next 20% will be much more painful than the first. rates going up another 100 basis points, so a lot more painful than the first 100 because people aren't used to it and, you know, and i think negative rates, when all is said and done, will have been a complete failure >> joining us this morning, goldman sachs chief u.s. equity strategist david kostin is with us at post 9 good to see you, dk. >> nice to see you. >> whether it's dimon, you yourself cutting targets consistently all year long, would you agree that's all part of a trend >> it's been the consequence of higher rates that's the story, higher rates, lower valuation to the market. we haven't seen a degradation, carl, in the level of