i'm julianna tatelbaum >> i'm arabile gumede.hese are your headlines >> european equity markets are muted in the final session of july, by firmly higher for the month as earnings season kicks in full year while friday's s&p print is on the fifth straight month >>> heineken cuts profit forecast for the year. vietnam poses a particular challenge. >> we had a big de-stocking effect in the vietnamese market. in the second quarter, our sktok levels normalized in line with the mark >>> pearson shares topple as they beat the first half outlook. the ceo andy bird outlines a.i. >> i see yoa.i. as a net positie the data set with the textbooks or data that we have in our skill space is only going to increase with time >>> china state council on pledges stimulus measures aimed at consuming at autos and real estate this after the data for july showing factory contracting for the fourth straight month. >>> economic data that we are following across the days with the trading picture. italian gdp numbers for the second quarter are out preliminar

i'm julianna tatelbaum and these are your headlines monday morning.uropean equities track in the green after the stocks close out a banner day one with the nasdaq surges 30% which is the best half in 40 years. >>> and shares of tesla post record production numbers in the seconds quarter and deliveries surge for the year >>> and apple reportedly slashing production forecast for the pro headset amid design and manufacturing challenges after closing friday's first $3 trillion company. >>> and president emmanuel macron postponed a visit to germany to deal with the domestic crisis. >>> warm welcome to "street signs. we kickoff the show with the fresh pmi numbers. these are the final manufacturing pmi for the eurozone for the month of june, it has come in at 43.4. a touch light versus the flash of 43.6. the key, of course, it is well into contraction territory that line 50 is well below that. in terms of the comments out of s&p global and hamburg commercial bank, there is growing evidence of the industrial sector is reacting negatively to the ecb interest r

i'm julianna tatelbaum and these are your headlines european equities follow asia and wall street intohe red after the steepest one-day decline since march. >>> and one the biggest ipos this year sending shares higher in trade we will hear from the ceo shortly. >>> shell expects to book impairments up to $3 billion in the second quarter while flagging trading in the gas division will be lower than the period before. >>> u.s. treasury secretary janet yellen urges china to adopt reforms saying the u.s. will fight back against unfair economic practices >> the u.s. seeks healthy economic competition with china, but healthy economic competition, both sides benefit and that's only sustainable if that competition is fair >>> now warm welcome to "street signs. we were prepared for the non-farm payroll report to be the biggest event in the u.s. event, but today's adp report closed 500,000 jobs last month more than double expectations. according to adp, private hiring surged 497,000 in june well ahead of the 267,000 gained in may job cuts fell to an eight-month low low. blockbuster data showing

our julianna tatelbaum is standing by in the newsroom with much more. >> frank, good morning great toee you hope you had a wonderful long weekend and holiday yesterday. here in europe, we're off to a sluggish start there's not much of a narrative with you guys off yesterday. losses across the board in every major region is down this morning. we did get some final pmis for the eurozone this morning and they show the eurozone private sector business activity has contracted for the first time this year in the month of june some of fairly downbeat on the data front ftse 100 down 0.6% this thursday the financial regulator is meeting with a number of banks to discuss how they're passing on higher interest rates in the form of higher interest rates, the idea being the banks can do a little more to protect households and the economy as the country deals with higher interest rates they're trading weaker here. 's a picture of how asian markets closed up shots. hang seng and hong kong ended lower. we also got some final pmi data ott of china the caixin services pmi came in, climbing more than ex

i'm julianna tatelbaum, and these are your headlines european equities struggle as business contractsor the first time we have fed minutes in focus >>> shares in troubles supermarket group casino and rallye renew their bid china's covid recovery stalls further. brent prices recoup earlier losses ahead of today's opec seminar while the ief secretary general tells cnbc saudi and output cuts could ultimately move prices. >> it should be more easily tracked and verified by secondary forces, but the market treated it with skepticism, i think. i think over time as the cuts are in place, i think that will definitely have an impact. >>> we've good the uk june final pmis crossing the wires. the final composite has come in at 52.8. the services pmi also in line with the initial estimate at 53.7 so stronger than what we heard out of the eurozone earlier this morning, but business momentum still slowing in june relative to where we were a month ago despite falling inflation. the director weighing in saying services in the uk showed new signs of fragility as they look at the economic outbook took

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i'm julianna tatelbaum and these are your headlights.all street weakness goes into european trade. u.s. futures point two a negative open after the fed has more interest rate hikes to come. >> i think it would be good for producers. >> can you imagine when and if economies improve? we are optimistic. >> we will hear from the opec sect attorney general this hour. >>> and beijing is welcoming janet yellen but tensions simmer. the ceo tells cnbc the that london was always its first choice. >> this is a good location for us. we have been around for a long time. many of our employees are here. we do believe this market needs a jump start. we are hoping this will provide that. >>> let's get your check on market about an hour and a half into the trading session. most notably there is a spill over into europe. in terms of sect hers we are seeing heavy losses in the tribal and leisure -- travel and leisure section. overall this does appear to be a risk off section. you have iag shares down 3 1/2%. a fairly broad base pullback across the travel ma

let's head to julianna tatelbaum. >> good morning.s shock deal is certainly going to be under the spotlight today. the pga tour is defending its proposed deal with liv golf today, in a senate hearing this deal came as a shock to the sports world, including the tour's own players there's been controversy surrounding the whole liv organization since its inception in 2022. in terms of what's on the table for scrutiny today, the senators that are participating in the hearing in a letter wrote that a sub committee would examine the deal and the saudi funds' investment the risks associated with american culture and institutions and the implication on professional golf in the u.s. going forward. and finally on to amazon prime day. it begins today. and the best deal this is year expected to be in electronics, so of its, apple products, robot cleaners, air fryers, air purifier, kitchen appliances the stock has performed badly on the week of the event. not what it once was for the company. >> good to know. julianna, thank you. >>> still to come

wall street cheered the news with the s&p hitting the highest level in over a year julianna tatelbaum us it's good news we can all celebrate. >> reporter: good morning. it certainly is. not only us as consumers, but the federal reserve will be cheering the latest data yesterday we learned inflation is in fact cooling the cpi, consumer price index came if wn weaker than expected it was up 3% from a year ago that's the lowest level we've seen since march 2021. in terms of the implications, first for the federal reserve. this is perhaps the most crucial. it could give the central bank breathing room when it comes to future rate hikes, as they see the rate hikes they've already pushed through, the interest rate hikes take effect on the economy. what does it mean for regular consumers? inflation is still elevated, but gas prices have come down significantly as you probably are well aware housing costs are still up but we are seeing signals that other parts of the economy should see price pressures ease as well. overall, it is seen as a good report good news for the u.s. economy it means th

let's get some perspective on the action in asia and early trade in europe with julianna tatelbaum in the london newsroom hi, julianna >> contescontessa, good morning as for the trade in europe, we are continuing the positive run last week with the gains extending this morning every major region in europe is trading higher it is broad based as you can see. the gains shared across the major reasons. the stoxx 600 put in 1.9% of gains last week. pretty much in line with wall street one stock under performing is ftse 100 which is trading higher astrazeneca is down sharply. 4% to 5% lower after lung cancer trial data came through. showing on the one hand, positive results with the impact of the drug on patients in question, but they observed fatal events in the trial. limited details. as for the asian trade, green across the board hang seng and hong kong up 2%. knenikkei up 1.76%. we got data out of china pmi growth slowing in june according to the manufacturing pmi. that is driving expectations and hopes of policy support from china. part of the reason for the china rally and support in

. >> julianna tatelbaum live in the london newsroom. thank you. >>> turning back to the u.s. u.s. stock futures are muted so far. fractionally higher across the board. a boost after the eurozone gdp reading. this as we get set for the nasdaq and s&p on pace for five months of gains. for the month, dow is up 3%. the s&p is up almost 3%. the nasdaq is up a tick be llow 4% positive for the markets for the month. let's look at the indices. blue chips and boeing and 3m and intel. on the other side, verizon, merck and honeywell. those are the laggards we are looking at comerica and keycorp with gains zions is up. a bit of a mixed bag with july laggards equifax with a dip to the down side this morning, we are looking at the bond market. a tick down in yields after the better than expected pce report. the 10-year is below 4%. last week, it topped 4%. right now, it is two points below the basis point. we are also looking at the energy market. oil is up 14% this month on pace for the best month since january of 2022 when it gained 17%. you see crude up in the pre market again, up 14% for th