thank you very much, madam lagarde.ll be back with a report from yemen, stay with us. ♪ whatever it is that floats your boat... ...or tickles your tastebuds... ...or brightens your day... ...even if you've never tried it before... ♪ ...just know that... you can, in portland. ♪ whatever it is that floats your boat... ...or tickles your tastebuds... ...or brightens your day... ...even if you've never tried it before... ♪ ...just know that... you can, in portland. >> brennan: we to take a look at yemen site at what the united nations is the world's worst humanitarian crisis. senior foreign correspondent are in yemen for cbs news. here is a report. >> here in the coastal city there is no fighting. it's the government of yemen c. o the cruel con t there is is plenty of food in stable areas like this at least for people who can afford it. and that is just one thing prime minister two months into his new job has to try to fix. there's a real catastrophe, hunger, looming. is it manageable? can you deal with it? a catastrophe ca

thank you for joining us i'm mana imf managing director christine lagarde. >> as we heard lagarde with argue relatively confident tone talking about the reaction maybe being a bit overdone that these things can get, significant work can get done in 90 days if people put their minds to it >> i thought the comments about the fact that the g20 had commentary about reforms for wto, also really interesting is especially since it was sort of lost in the shuffle this week and she mentioned what we've heard from so many other guests this idea that what you're seeing in the markets right now in general is volatility >> yeah, i mean not very alarmed about the growth globally. i think that to me was at the top, she's not shaken by any change in the potential outlook. although saying that the market has become more volatile and that's all it is, is kind of circular i think it's a fair point. not much has changed underlying. >> day is not over powell will make some brief remarks tonight at a housing conference, you can see we're off the session slow lows, which were down 700 points citi down 5.5% w

christine lagarde saysr the f of global slowdown are overdone and. towards the close the wagz ran a edory saying the f officials are less positive how far and fast the central bank needs to go. all of these comments were helpful bringing the markets off lows. but the rally looks tentative even with the dow down 1,500 points in two tais at the ls. buying seems muted. there is good reason to be cautious still. foul the markets have had big worries, most are not resolved. the he had raising rates aggressively isooking less likely. that's good news. that's one, though. but worries about a global oil glut haven't been resolved by ce recent o meetings. we have had tariffs and trade wars. ey're worse with the arrest of huawei cfo in canada. and despite what lagarde says the economic slowed isn't making it hard toigure out 2019 earnings estimates. the debate on the street is simple. do we want a good jobs report or bad jobs report foam? bad jobs report will only get the people screaming that there is an economic slowdown already under way. but a bad jobs rep

until then, website, lagarde or more whether world in 2019. untilthen, keep checking the forecast.wind energy produced today, a big area of high pressure across the uk, light winds really for many others. you will notice this weather front down towards the south—west of england. that is producing some outbreaks of rain but generally speaking, lots of cloud across the south and west. further north, one or two fog patches, plenty of sunshine, chilly start with some frost this morning. the fog could linger around the glasgow area, through parts of northern ireland, perhaps even north—west england into this afternoon. there will be lots of sunshine across the north, brighter skies developing across the midlands and the east, down to the south—west remaining quite cloudy, some spots of rain and drizzle throughout this afternoon, temperatures reaching 6—12d. quite quickly through this evening and overnight, fog forming mainly across eastern areas, grabs a bid to north western parts of england as well. if rust developing across northern and eastern areas as well, towards the west, the one

christine lagarde. this backdrop will be important on what the market is signaling.have been warning about slowdown in global growth, very concerned about trade tensions and frictions. but applauded the cease-fire reached in argentina during the g20 meetings between president trump and xi she was there. we'll talk about whether that trade truce was real, whether it will hold up, whether it is realistic to expect a deal in 90 days, and what the meaning of the new arrest of the cfo is in that context, as well as what's happening with bonds and the economy. see you at noon for that >> big story we don't fully understand yet we're all over the selloff dow wndo 585 "squawk alley" starts in a couple of minutes. hey! yeah!? i switched to geico and got more! more savings on car insurance!? they helped with homeowners, too! ok! plus motorcycle, boat and rv insurance! geico's got you covered! like a blanket! houston? you seeing this? geico. expect great savings and a whole lot more. >>> it is midnight in china, 11:00 a.m. on wall street.

pushing go put the martial law in place created this provocation of the current straight christine lagarde and the i.m.f. gave him a lot a lot of money to continue what he's doing it to prop up the putsch government in ukraine so everything that it does while disgusting maybe while dangerous it may be it is being encouraged he is never ever being punished for the actions that you know the interesting thing here mark is that the united states accuses outside powers of meddling in the election but ukraine welcomes outside meddling the i.m.f. and the european union yeah i mean as if to reward his declaring the martial law in half the country and if you take up a map of the ten provinces all almost all in eastern ukraine russia which which he russia bordering. which he declared martial law in which he was allowed to declare martial law and they exactly line up with those. paul with country region showing where he has effectively zero toral support right so of course that's what we used to restrict democratic freedoms press criticism assembly. and everything there and also allows them to do suc

followed by the managing director of the imf, christine lagarde. ♪ not long ago, ronda started here.egan to appear. these techs in a lab. this builder in a hardhat... ...the welders and electricians who do all of that. the diner staffed up 'cause they all needed lunch. teachers... doctors... jobs grew a bunch. what started with one job spread all around. because each job in energy creates many more in this town. energy lives here. so, they say that ai is the building block of the future. super. but today you're building wind turbines. morning sir. chief, the blade isn't passing quality gate. that's why you work with watson. i detect frictional loss on the midspan. it can detect the tiniest defects from just a few images to help production stay on time and on budget. i optimized the fiberglass finish to reduce frictional loss and maximize airflow. i was also part of the maximizing. for ai that can do more with your data, choose watson. hello. the best ai for the job. ignition sequence starts. 10... 9... guidance is internal. 6... 5... 4... 3... 2... 1... ♪ >> brennan: some of our cbs

things i would think in this number one i like to turn to a voice of reason and that is christine lagarde you know of course she's the chairwoman of the i.m.f. the international monetary fund she was there at the g. twenty summit she was there at the dinner and what she said was she thought that trump and she got along particularly well she is the voice of reason and she doesn't think this is going to impact in the long run global markets the way that they have. reacted today the second point though is you know conversely this is almost as if you think this was you know sarajevo again and you know the shot heard around the world with ferdinand because the way the markets have reacted this is being rather drastic a terrible decline over seven hundred points on the dow so the markets reacted differently than what was seen at that event i do think that your sort of quips that thought about you know the chinese protesting about human rights is rather ironic that from a communist society where it's more hierarchical actually ironically than a democratic society then now caring about human righ

christine lagarde, the international monetary fund, takes third spot. ceo general motors fourth. 20 new people made the list, including shonda rhimes, creator and executive producer of grey's anatomy and "scandal." serena williams takes the 79th spot. familiar names remains on the list. medical lynn ga gates in fifth. and cheryl sapped berg takes the 1th spot. >>> we're hearing from a usc professor with family ties to the composer to the classic composer of baby it's cold outside. radio stations have pulled the song. her great uncle composed the song. the story started when he and his wife would leave lavish hollywood parties. years later, it became a movie about a man pursuing a woman and a woman pursuing a man. the song was sung in both directions. north says her uncle and others involved in the original song would likely not understand today's interpretation of it. >> he would want music to bring joy to people. i think he would be heartbroken that people think of this as a negative thing. >> bay area radio station koyt is running a poll on whether th

economy with christine lagarde, that interview is coming up at 16:00 cet. let's bring in seema shah. i want to ask your take on the developments over the last 24 hours. monday we had a risk-on rally in markets. fizzled out by tuesday really steep declines as people priced in the longevity of this trade truce between china and the u.s. do you think the huawei arrest will severely tarnish the investor appetite for wanting to own equities >> i think it's difficult to read what this arrest is about i thinkit's a time to remind that the monday rally was premature. we heard about the tariffs, but it's difficult for china to meet some of the u.s. requirements. they're too existential to developments of china over the next decade really there is a major problem here between the technology sector. going forward i would expect the technology sector to be the most vulnerable to the trade talks going forward. >> on the technology sector, does that make you less inclined to hold overweight positions going into that sector going into next year as you say, these issues wi

christine lagarde said the

imf managing director christine lagarde will join us exclusively here on cnbc catch that must-see interviewnoon eastern time today. >>> we are all over this major market selloff stocks around the globe in negative territory coming up, how you should brace for that volatility. first crude tumbling as we start to get big headlines coming out of the opec meeting. let's get back to brian sullivan live at that opec headquarters brian? >> dom, we're getting some headlines here coming up after the break, we'll do two things, we'll put those headlines in context to better understand how many barrels are coming off the market. the stock market slide is your top story. if oil keeps sliding it will be hard for the stocks to keep afloat oraroil story and the market sty e related and we'll tie them together on "worldwide exchange." something is transforming and our world.. it's the longevity economy - americans 50+ driving 7.6 trillion dollars... of economic activity every year. right before our eyes, aging is unleashing exponential growth... ...in every industry. are you ready? we are. a-a-r-p is teami

imfs's kris to a teen lagarde. the imf, fed officials are becoming less the positive on how the tar var the central bank needs torg the three biggest market concerns only fears of aggressive fed have lessened in the last week process. the other issue base trafr and trade and global slowdown. they're not resolved there is signs those concerns increased wall street strategists remain convinced the markets could have the lows and in some cases significantly. all the major straegtists have year end targets above the s&p close. that was 26953 cannacord expects the s&p to close at 3,200, a nearly 19% gain from today's close. ubs, 3150. a 17% be gain from the close today. jp morgan, 3,000 bmo, 2950 opinion. and the leet bull sish goldman expecting the s&p to close at 2850 but even that is a 6% gain from today. 2019 is a bit more problematic you remember michael wilson, the morgan stanley chief strategist he made waves by calling for the s&p 500 to end 2019 at 2750, just barely above where where o we close today. >> bob th

in second, british prime minister theresa may, christine lagarde who leads the international money fundh is mary barra. 20 new people made the list including shonda rhymes, the creator and executive producer of abc's hit shows "grey's anatomy" and "scandal" and serena williams who takes the ninth spot. linda gates comes in fifth while sheryl sandberg takes the 11th spot. >> that's an impressive list. >>> it is. >>> rain is coming in as we speak. what is ahead. >> >> spencer has the latest on that. spencer. >> the latest is rainfall that is offshore. you can see through the central part of the bay area from lower marin county through the golden gate, on to the peninsula, across the bay to east bay, we are seeing light to moderate, steady rainfall right now and the roadways are wet and slippery. that is segregation to keep ome mind if you are out and about. we are not getting heavy downpours, especially not here as seen from the roof top camera. it is 52 in the city. 51 in oakland. 52 at mountain view. 50 at morgan hill and 55 in hoohooalf moon bay. it doesn't look very wet right here rig

christine lagarde, number three. she runs the international monetary fund. americans are on the list. gem motors ceo mary berra. i've always looked forward to what's next. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medici

christine lagarde argues a well-funded imf is a key pillar of the global financial safety such as thean to argentina. the treasury says it does not support any increase in funding. reports from strasburg salmon has been killed in a shootout with police but is not clear if he is the person who killed three people earlier this week. officials say he opened fire and was armed with a pistol and a knife. a fit person has been arrested in connection with the christmas market attack. are thers detained suspect's parents and two of his brothers. global news, 24 hours a day, on-air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jenna dagenhart. this is bloomberg. hoax of aresa may's lifeline from brussels were dashed as either leaders say she failed to bring a clear plan for how they could help her drive the brexit will through parliament. kathleen hays is here with more on this. she was really hoping to get some additional reassurances on the irish border backstop, but that the leader is really not -- leaders are not budging. theresa

tradeine lagarde said the spat is threatening global growth and wages great carlos ghosn will be charged in the coming hours. we will have the case live from tokyo. shery: the markets close, the friday session, u.s. stocks saw the worst week since march with the dow falling more than 500 points, losing more than 1000 points. utilities are the only sector that gained ground. the s&p defends its sector, big tech names like amazon falling 3%, nasdaq falling not as much. take a look at wti, opec less agreeing on further output cuts more than $1 billion -- one billion barrels a day. right now falling .8%. u.s. futures also under pressure. we had more trade headwinds as well as fed officials giving out hawkish comments. are set forn stocks declines after losing 1.5%. in sydney we see the asx 200 losing with tech stocks among the biggest laggards. i also want to highlight adelaide, the biggest cement group, down 2.5% this morning as a statement is due on home loans data. headwinds putting pressure on aussie dollar, trading below $.72 u.s. also watching for the potential indictment of carlos gho

hasging director lagarde recognized this and been -- on transparency going in. we western donors, it is not like the resource extraction. im information shared with f, and getting to the point earlier about the noncommercially viable projects, if there is anything new in the world it is the private sector. the best option is the private sector building is project. when they do it, they make sure it is commercially viable so you do not get that problem. briefly,ing up on that how can the u.s. better, more effectively catalyze private investment in the development world? has helpedcongress us to a great degree with the build act -- thank you for your action on that. it will give us new tools to try and fill the gap. it should not and will not replace the private sector, but if there are gaps to get the private sector off the sidelines at the g20, we are working at available and asset classes institutional investors to get the large institutional money off the sidelines to build infrastructure. within the end of specific -- the end of pacific strategy -- are pacifi

jobs numbers missing estimates, coming in by 155,000 with unemployment at 3.7% imf manager christine lagarden she doesn't see a recession coming and worries about global growth are overdone >> i think the markets are saying that, you know, there is volatility there is clouds relating to tra trade, tightening of the monetary policy, emerging markets that are volatile and there is a question mark about growth prospects going forward my sense is that on the latter point it's a little overdone 3.7% growth forecast for next year is not bad. >> with us now, the oppenheimer cio at post 9. krishna, it seems like that's everyone's base case, we'll have a moderate slowdown, nothing to be alarmed about the jobs number fits in with that ism as well. what, then, has been so bothering the markets, do you think? we used up good news on the way to a flat s&p year but looking ahead what is holding it back? >> two things -- u.s. rates and trade policy the fed probably goes up two times in 2019 but it's clear at some point they have to stop on the trade front, though, it's far more uncertain but what do you ne

we have had conversations last week i met with the managing director, christine lagarde to discuss thoseneeds. and so that process will be going on in 2019, just as you described it, ma'am. >> you so much and my time has expired. >> the general chair -- the chair recognizes the chairman senator for michigan. i think you mr. malpass, good to see you, let's keep on this theme of the imf and what the ranking member was talking about. as you will recall, this committee and i, back when i had the pleasure of chairing this a term ago, and since then have been highly critical of some of the funds handling of the greek debt crisis including the ims collaboration with the euro zone, the european stability mechanism, i continue to be concerned by the imf policy to continue cofinancing with these groups is not enabling the independence. as we were looking at the greek situation, why should congress consider additional funding with the imf when it seems that the rules of the road are not clear and it is uncertain what in the world whether europeans, china's, russians really are and set up their own

what do you and madame lagarde want from these nations?ility you need from nations across the imf ? >> i'm also aware that spiderman's uncle urged him on with the same words, so it is quite applicable. i think it is on countries to work together to overcome the risk that global economies face to make sure the next downturn is not too severe and to take it manage of the opportunities that come from technology, and to deal with longer-term challenges. findok to all leaders to recognizeies and to that some of the discontent, some of the complaints that people are expressing that lead to the kinds of political development we seen are legitimate concerns about the impact of globalization, the impact of technology on people's lives. to shape work together new solutions, they have to take ordinary people are affected by events of the global economy. tom: david lipton, thank you so much for joining us today, with the international monetary fund their, first deputy managing director. francine, we got so much more to talk about here. the protesters

just this week, last week, met with the managing director, christine lagarde, to discuss those needs and so that process would be going on in 2019. just as you described it, ma'am. >> thank you so much and my time has expired. >> gentle lady's time has expired and from michigan, five minutes. >> thank you, mr. chairman. mr. malpass, good to see you again. let's keep on this theme of the imf and what the ranking member was talking about. as you will recall, this committee and i back when i had the pleasure of chairing this a term ago, and since then, have been highly critical of some of the funds handling at the greek debt crisis including their collaboration, the imf collaboration with the euro zone rescue organization, the european stability mechanism, i continue to be concerned that the imf's policy regarding co-financing with such an organization does not clearly safeguard the imf seniority and independence and i think that was really one of the pinch points as we're looking at that greek situation. so, you know, why should congress consider additional funding with the imf when it

german chancellor angela merkel, british prime minister theresa may number two, imf manager kristin lagardedia executive vice president mora forbes, great to see you, thanks for being here. >> nice to be here, thank you. maria: any big surprises on this year's list? >> the biggest surprise is that there's so much power at play for women collectively around the world and the top 3 represent women who are extraordinary influence in really tense geopolitical and economic environment and they are often in make or break moments, look at theresa may, within a week her power can be cemented or toppled, you see cheryl san berg for the first time being on the list, 10 dropping out on list, her power is on the weigh. we are seeing bright spots and encouraging steps in terms of women's progress moving forward. >> another example of someone who has fallen off the list is hillary clinton, she's completely gone, so that goes to the point of the power shift that we are seeing out there, but what about the newbies, who do you see being added to the list? >> gail, head of anthem, 90 billion-dollar business