our julianna tatelbaum is joining from us london with more on this story. julianna >> frank, good morning this is certainly a big story i germany. olof scholz is hosting the premier li in berlin this comes ahead of the consultations and it is the latest bid in berlin to ease tensions to relaunch the talks after the three-year hiatus during the pandemic. scholz said germany must de-risk, but not de-couple the normalization of relations would be beneficial for all g7 economies. the chinese premier is set to meet with executives including the ceos of mercedes to discuss technology cooperation amid german cars in china frank. >> julianna tatelbaum, thank you. >>> let's stick with germany and get a check of the corporate stories with silvana henao silvana, good morning. >> frank, good morning intel will spend more than $33 billion to develop two new chip factories in germany as part of the larger european expansion. olof scholz calls this the biggest foreign investment in germany ever berlin is agreeing to subsidies worth north of $10 billion of the that is more

let's get a check of the action in asia and europe right now with julianna tatelbaum who is standing in the london newsroom good morning, julianna >> dom, good morning here in europe, things are off to a sluggish start. a mixed picture with the moves higher and lower across the regions. germany is not doing a huge amount we got interesting inflation data from german states. economically important german states we saw inflation in june accelerated in several states from where we were in may. this points to a highs at the national level we will get the national cpi shortly. up from 6.1% in may to 6.3%. the ecb yesterday at that conference in sintra sounded hawkish that more needed to be done to combat inflation today's data would suggest that is the case. now in terms of trade in asia overnight, it was a mixed picture. one of the weak spots, hong kong pulling back 1.25% green in the japanese market the nikkei accelerating 2.1% dom. >>> thank you, julianna tatelbaum. back here on the home front, shares of nike ahead of the opening bell as nike has trumped earnings and expectations for t

i'm joumanna bercetche >> and i'm julianna tatelbaum.hese are your headlines >>> central bankers gather for the ecb forum as they deal with high inflation and rising borrowing costs. the imf says policymakers have to face up to uncomfortable truths >> we have to recognize it is taking too long for inflation to come back to target. that means central banks will remain committed to fighting inflation even if it means risking growth. >>> the ecb tells cnbc the rate hike is all but guaranteed at the meeting, but the latvian colleague says it will likely extend beyond summer >> we say inflation is still to high i think further rate hikes would be necessary also past july. we see the economy has softened. >>> and we will hear from ecb president christine lagarde at the ecb forum shortly. >>> european equities open in the green as the stoxx 600 looks to end the streak. >>> and u.s. futures point higher after the dow sees the longest losing streak since december of 2022 and investors take profit in the recent tech rally. >>> not quite breaking n

we are live from the london studio and the bank of england i'm julianna tatelbaum and these are youreadlines european equities swing aggressively to the down side with banks leaving heavy losses across all sectors >>> pressure piled on the bank of england and andrew bailey after the shock inflation print sends two-year gilts to a 15-year high a minimum of 25 basis points is priced in. >>> the swiss national bank hikes rates to the highest level in 21 years and signaling further tightening ahead we will hear from the chair later daftoday. >>> and jay powell posays the central bank is ready to hike rates after last month's pause >> we are ready to get to the 2% goal this is essential to set the stage for achievement of maximum employment and stable prices over the longer run. >>> very good morning and warm welcome to "street signs." we want to kickoff with the look at markets european equities are on the down side. in opening moments, stoxx 600 drops more than 1% clearly sentiment is downbeat. just one minute ago, we got a fresh decision from the norwegian central bank, norges bank, wh

i'm julianna tatelbaum thank you for watching the show. >> i'm joumanna bercetche. "worldwide exchange" is coming up next. ♪ (upbeat music) ♪ ( ♪♪ ) woah. ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) ( ♪♪ ) constant contact delivers the marketing tools your small business needs to keep up, excel, and grow. constant contact. helping the small stand tall. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service design

i'm joumanna bercetche >> and i'm julianna tatelbaum.hese are your headlines >> the federal reserve prepares to pause in a bid to assess the ten consecutive rate hikes our colleagues will speak to brian moynahan about the state of the u.s. economy in the exclusive interview today. >>> and ubs completes the takeover of credit suisse and reveals the director nominations. >>> crude prices slide amid growing demand while goldman sachs cuts the outlook and he tells the finance manager he is operating in a tough environment. >> this is uncertainties and sentiments i believe within the next month or month after, i don't want to bet and gamble. >>> and novartis shares snap after the deal to buy up a company for $3.5 billion to expand the portfolio for kidney diseases >>> good morning welcome to "street signs." we start off by looking at markets and how they are trieding we picked up on a -- how they are trading. we picked up on the u.s. board with concerns of being in a bullish market there is debate if this has legs given the leadership is con

i'm mandy drury. >> and i'm julianna tatelbaum.hese are your headlines >> european equities moving higher echoing strong overnight gains in asia and on wall street with the high averages for the month of june. >>> the bank of japan sticks to the ultra loose policy keeping the rate in negative territory as inflation is ticking higher and sitting above the 2% target. the governor ueda says they need more time to bring the inflation down to the target >>> rheimetal shares are issued after the order from the government. >>> the uk retailer reiterates the outlook for the full year profit growth. >>> hello. let's look at the european markets. lots of green on the screen. nice to see. it has been a positive week overall for the european markets. maybe because of spring in the air and it is nice outside this is following on from positive close on wall street as well we are seeing those markets scaling new heights and part of the reason is the bond yields dropping down in the united states a number of economic data. the things people were l

i'm joumanna bercetche >> and i'm julianna tatelbaum.hese are your headlines >>> oil prices get a lift with opec plus with the prince speaking exclusively to cnbc and defends the decisions. >> we're hedging hedging against the unknown. taking the precautionary measure. >>> the dow notches the best day since january as traders cheer a strong u.s. jobs report, but european equities are low. >>> and the imf leader tells cnbc the federal reserve can't take its foot off the pedal yet. >> we don't see a significant slowdown in lending. there is some, but not on the scale that would lead to the fed standing back. >>> and net profits for the airline industry are set to double according to the latest report secretary-general tells cnbc the post-pandemic recovery is not where they should be >> they are where they were above 2019 international markets in most areas are showing strong recovery the area that lagged is the asia pacific region >>> good morning welcome to "street signs." there is one major news development we are watching overnight. let

. >> and i'm julianna tatelbaum. these are your headlines this morning. >> growth will accelerate only slightly next year as rate hikes continue to grow on the economy. >>> and the higher rates and tighter credit conditions take a toll the group ice chief economist tells cnbc the global economy remains on precarious footing. >> the glass is half full. the global economy has been resilient, but at is tame time you look at the big picture how weak the growth is, we should be concerned. >>> chinese exports sink in may, missing the forecast by a wide mar jij. it's over concerns of a weak economy at home. >>> surge at the top of the stoxx 600 after the first quarter profits jump despite rising cost pressures. >>> good morning, everybody, and a warm welcome to "street signs. we'll kick off the show with fresh forecasts. the oecd has slightly raised it growth the organization said it sees inflation falling to only 4.7% next year well above central bank targets, driving its forecast that the feds will cut rates modestly. >>

. >> and i'm julianna tatelbaum. these are your headlines >>> skip, pause, our hike. the fed prepares to hand out its policy decision as the latest inflation read shows prices cooling to their lowest level in nearly two years. >>> short-term gilt yields hit a high and inflation data comes in stronger than expected the bank of england governor says it's more solid than previously forecast. >> we'll have to use a policy to bring it back. then the question, of course, is how much we've got some ideas what the underlying -- i mean we still think inflation is going to come down, but it ee taking quite longer than expected. >>> the iea predicts world oil demand will grow by a new record this year, but also slow demand will slow the market rate as the energy transition gathers pace we'll speak with the market's division head toriibosoni next. and we'll speak with our colleagues at 1400 cet. >>> a very warm welcome to "street signs. we made it to fed decision day before we get on to what to expect from central bank this afternoon, let's recap what we learned yesterday on the

. >> i'm julianna tatelbaum. these are your headlines. >>> ecb dials down with chief economist phillip layne and governor lynch leaving the door open for the summer. >> it's going to be a mix of all of those there's no shorthand, no shortcuts. >> the core has been quite stable it's around 5% on a yearly basis. we need to see core going down before considering. >>> european markets jump in early trade where on wall street stronger confidence lays investor fears of economic slowdown. >>> u.s. futures point toward a muted open on wall street with attention turning to the fed's bank stress test results first it was rocked by a series of regional collapses earlier this year. >>> and u.s. reportedly considers further curbs to china, specifically on ai, amid growing concerns about the technology >>> a warm welcome to "street signs," everybody. we're keeping our eyes on sentra beautiful portugal layne spoke to aany ta on central bank taking place in portugal and said there are too many points but said the central bank is

i'm joumanna bercetche >> and i'm julianna tatelbaum.hese are your headlines >> and olof scholz looks to host li in berlin we will have the latest. >>> and the bearish chorus as the ecb does little to do anything over the concerns on the economy. >>> and cracking the 5% mark as the investors look at the ecb rate decision. >>> and airbus and indian budget carrier sign off on the biggest jet order in history sealing a deal with the value up to $50 billion ge's ceo says when it comes to new aircraft sales, the sky is the limit. >> demand is not any stronger. we could not imagine this two years ago. it could not be more bullish at the moment >>> good morning welcome again to "street signs." yesterday, we were talking about the geopolitical situation and meeting taking place with the secretary of state blinken and his counterpart. right now, we are looking at live images of chancellor scholz taking place with li this is the first bilateral meeting since 2018 since that period, we had the pandemic one reason the two sides haven't met. we have

i'm joumanna bercetche >> and i'm julianna tatelbaum. these are your headlines. >> european equities open higher as investors gear up for a big week of central bank action with traders betting the fed will hold >> they can take a pause on that and most people think they will. that is what the market is saying they can't say i'm done of the they don't know. they need the next set of data >>> sterling spikes at the fastest pace outside of the pandemic with a double oing of e interest rate hike we will talk to gareth davies. >>> and china's central bank cuts the rates for the first time in ten months as they look to avert sliding in the economy. >>> and apple shares close at a record high above $183 after unveiling the vision pro headset last week. the first product line since 2014 sto >>> a lot going on today we are keeping our eyes on the pci number and it is a big week of central bank action the fed is expected to hold rates steady on wednesday as inflationary pressure seease we will get more later today otherwise, we have central banks

i'm joumanna bercetche >> i'm julianna tatelbaum and these are your headlines >>russian mercernariesull back from the city and secretary of state blinken says this results in cracks of putin's power. >>> and investors engage the aftermath of the russia's first insurrection in two decades. >>> and the summer davos will welcome foreign investment pto fuel foreign growth. >> this is becoming a lost decade with low growth moving forward. 2.8% global growth is not what we need. >>> a landslide victory for the greece party to govern alone >>> good morning let's go over some of the stunning developments from the weekend. mer mercenary soldiers have withdrawn from the city after a short mutiny one of the biggest issues over putin's power. wagner vfighters are believed to return to the base the commander will move to belarus, but his current whereabouts are unknown. this weekend's revolt started friday night when wagner's prigozhin carried out a missile attack on his soldiers in response, the fsb said prigozhin was starting an armed rebel rebe rebellion. he was speaking to the deputy defense

let's get a sense of how europe and asia is handling the volatility we have julianna tatelbaum live in our london newsroom with the early trade. what are you seeing now? >> frank, we ticked higher at the start of trade this morning, but equities have turned lower and sentiment soured we have losses across the regions here the under performer is the italian market down 1% otherwise, .50% down for all of the regions. on top of the investors reviewing the developments in russia over the weekend, we have german business morale which was downbeat the ifo institute which puts together the survey data suggests that a downturn in q2 or recession in q2 is likely increased. that adding to the downbeat picture on friday with the flash pmi. in terms of asian trade, also downbeat hang seng closing .50% lower shanghai in china closing 1.5% lower. the global sentiment has taken a hit had this morning in terms of focus for european investors, eurozone cpi this week and the ecb forum this week frank. >> julianna tatelbaum live in our london newsroom. thank you. let's keep this going with skylar montgom

. >>> let's get a check on the action in asia and early trade in europe with julianna tatelbaum standing by in the london newsroom. good morning, julianna >> good morning. as for european trade, we are off to a slow start. things have turned a little more negative in the last half hour the only market that is still trading higher is the smi. defensive region up 12 points. otherwise, we have the ftse 100 down .50%. ftse mib down .60% a little red on the board for the dax and cac 40 and ibex 35 this adds to the negative sentiment yesterday with the stoxx 600 closed .50% lower. christine lagarde, the president of the ecb was out yesterday saying underlining price pressure is strong in the eurozone sending a signal they are not done yet with rate hikes. perhaps that is putting pressure on the markets in the overnight trade, reserve bank of australia hiked 25 basis points to 4.1% that is the 12th hike in 13 months we are trading at 66.56. >> we are following brad smith in town and he is talking with the regulators what more do you know? >> absolutely. what we know and what is reported is micr

i'm julianna tatelbaum. >> i'm joumanna bercetche.worldwide exchange" is coming up next. >>> it is 5:00 a.m. at cnbc global headquarters. here are the "five@5." apple lifts the curtain on the $3,500 headset and most ambitious hardware since the ipad wall street is not sold yet. >>> crypto crush stakeholders deal with the fallout of the s.e.c. crackdown on binance the big question who's next >>> growing odds the fed will pause next week, but stopping other central banks?

about that more later on in the show >>> time for a check on the action in asia and europe with julianna tatelbaum in our london newsroom julianna >> frank, good morning across the globe, we are seeing equities follow wall street higher sentiment it is all positive in the regions. asia traded with the shanghai up .60%. the policy support by the pboc this week providing a bit of a boost this morning hang seng and hong kong up 1.1%. nikkei soaring up .70% this as the bank of japan governor ueda says more time is needed to meet the 2% inflation target after the ultra easing monetary policy. traders expected the move despite stronger inflation the bank retained the base rate at 0.1%. what a picture in central banks. it stuck to the policy of allowing the 10-year bond yields on the other side of the target which brought on yield curve control. no change to the bank of japan policy as for european trade this morning, i mentioned we are seeing green across the board. you have it with every region in europe trading higher following the positive moves on wall street yesterday worth noting, europe under per

julianna tatelbaum is joining me from london. good morning >> good morning, frank it is not poised to follow the fed, not after the red hot inflation report a rate hike is baked in for the decision today with governor andrew bailey under pressure from all sides after the cpi print to the upside. most importantly, core inflation rose to the highest level in more than three decades. traders, as a result, increased bets on the .50 basis point hike today with a 6% base rate almost a certainty by the end of the year that is up from the 4.5% today uk government debt hit 100% gdp before the beatles released their first single the in 1961. the uk bond markets are higher across the board in the lead up to the decision. >> julianna, it is not just the bank of england, but other central bank moves around the world today. what you are seeing? >> inflation is a problem all over the western world just about an hour ago, the swiss national bank raised the interest rate by .25% to 1.75% well below the rates we're seeing in other parts of the wor

minister on the sector's price pressure >>> for a check on the action in asia and in europe is julianna tatelbaum who is standing by in the london newsroom with more. julianna, good morning >> frank, good morning we are off to a strong start for the week every region in europe is higher 1% of gains for the dax this morning. leading the charge worth noting, we saw the european market underperform wall street. the stoxx 600 retreated .50% while you had gains stateside. a catch-up trade taking place in europe this morning as we brace for a big week on the central bank front with the federal reserve meeting and ecb meeting on thursday. the market is expecting another rate hike and bank of japan on friday on that note, look at the asian markets. a mixed picture. shanghai retreat slightly overnight. hang seng and hong kong slightly higher nikkei at 0.5% with the bank of japan meeting this week. frank. >> julianna, you are following big news from switzerland? >> we are. this story has taken twists and turns over the years it is finally entering the taken al stage -- entering the final stage. ubs finally

. >>> time for the check on the action in area and europe with julianna tatelbaum she is standing by n newsroom great to see you, julianna >> frank, it is wonderful to see you. here in europe, we are off to a sluggish start here is the picture. it is mixed with the direction of travel. contained at the index level we are seeing heavy selling in the chemicals sector this morning. one name has stood out in the uk croda. ftse 100 is down this morning with that chemical company down more than 13%. the issue of a profit warning saying they are seeing consumer care business down double digit from last year in crop protection, another area for the company, it started out well, but the business is experiencing a rapid customer destocking that is weighing on the sector that is the underperforming part of the market. green in the ftse mib and spain. that is up 17 points in asia, here is the picture different trade from what we see in europe. a clear positive signal. hang seng up and the nikkei up as well. the mainland chinese composite is up as factory prices fell in may. the fastest decline in

. >> and i'm julianna tatelbaum. these are your headlines >> not backing down.he world's top central bankers talk tough on inflation and vow to keep rates elevated for the foreseeable future jay powell says restrictive policies have not been restrictive for long enough. >> you look at the data over the last quarter, what you see his stronger than expected growth and higher inflation that tells us, although policy is restrictive, it may not be restrictive enough and not been restrictive for long enough. >>> european equities trade along the flat line as investors weigh divergence inflation trends as germany jumps. christine lagarde tells cnbc more hikes are on the table. >> we know we have ground to cover. if our baseline stands, then we know we will likely hike again in july. >>> jumping on the trend h&m jumps to the top of the stoxx 600 and says hot temperatures help sales of the customer collection. >>> and shares of the debt supermarket chain casino plunge on track for the worse day since 1987 and told it has a day to boost its equity offering. >>> it was the

at the early trade in europe and conversations on trading desks around the world we havehave julianna tatelbaum h the global briefing. comments from the ecb president earlier. how is that impacting the markets? >> the euro is in focus. we got comments from christine lagarde from sintra. she said it is unlikely the ecb will call a peak in rates. she said the ecb should not waiver in the fight against inflation. that is driving the euro higher over the dollar. one .30% and the first acquisition for the in-house beauty division kering with 100% of business owned by blackrock and the current chairman shares up .70% and the london based company expects income to grow in the coming year with margins improving to 20% over the medium turn the stock is up 17%, frank. >> julianna tatelbaum in the london newsroom. >>> time for the morning call sheet. we check on the biggest upgrades and downgrades by firms you know and stocks you own goldman sachs upgrading on kellogg. moving to a buy as the company stands out as the few who will sustain increasingly scarce growth with the favorable market exposure shares

futures i'm joumanna bercetche >> i'm julianna tatelbaum. thank you for watching "street signs.wilke "worldwide exchange" continues after this shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. the subway series is elevating your favorite subs. why mess with the sweet onion teriyaki, chuck? man, this aint messin', it's perfectin'! with marinated chicken and double cheese. sweet and savory... ...kinda like you and me, chuck. bye, peyton. try the refreshed favorites at subway today. >>> it is 5:00 a.m. at cnbc global headquarters. here is the "five@5. we begin with stocks kicking off a new trading month in the green after the dow and nasdaq did