i'm mandy drury with frank holland.ere are the headlines this hour. >>> we look to wednesday's inflation print and jamie dimon warns inflation may be prove trouble than expected. >>> and atos lays out the terms of the financing framework with fresh cash to tide it over to 2025. >>> and ether is looking to see etf applications approved soon. we will talk the crypto landscape with the ceo of the coin coming up. >>> good morning. thanks for joining us on the show. let's look at the heat happen wh map here behind me. you have the stoxx 600 on the back foot right now retreating from what was a good day yesterday in the markets. the european market now is still not far from the record highs despite the little bit of give back we are seeing so far today. i guess you could say we are in a holding pattern. not only do we have the really important cpi print from the united states this week, which after january and february, everybody is up in arms with what is happening with rates. we have been from six rate cuts priced in to may

let's turn now to the trading action in europe with mandy drury.andy, we're seeing some effects there. i'm wondering how the european markets are shaping up as european markets get urnlds way. >> good to see you, dom. let's take a look at the european markets. at the moment they're looking like a candy stripes day with it marginally high except for the ftse that's holding to the downside. there could be some positive sentiment given the fact we got literally five minutes ago an encouraging number on the inflation front where we saw the march inflation for the euro sectors. we're talking about 20 falling to 2.4% to 2.6% in february, which, of course, might give a little bit more wiggle room, a little bit more comfort to the ecb policy makers who want to be moving toward rate cutting from record-highs. indeed we got comments from robert holtzmann who's normally quite the hawk who said inflation could fall faster than expected and he's open to a june cut. here we have as i mentioned some marginal gains for the markets in france, germany, which has bee

i'm mandy drury.ing 8,000 for the first time since 2023. >>> treasury yields pull back from two-week highs as they pare the bets from the june rate cuts and manufacturing moves for the first time. >>> and the air strike on the embassy in syria with the several senior guard commanders killed and tehran pledging a harsh response. >>> xiaomi shares surge as the tech giant enters the ev race and they beat delivery forecasts. >>> let's start with data from the uk in the form of the manufacturing pmi. let me get a closer look at this. coming in at 50.3 against the 49.9 flash. this is the final s&p global final march for the uk. this comes after the eurozone pmi a half hour ago showing the factory down turn deepened in march. this one, however, in terms of the uk, coming in at 50.3 against the flash 49.9. the forecast was 49.9. coming in better than expected. it also is persbetter than the february number at 47.5. manufacturing number in the uk is improved. sterling is at 59.9 against the greenback. let's do

i'm frank holland with mandy drury. these are your headlines.s to china to rein in capacity. >> actions taken today can shift world prices. when the global market is flooded by artificially cheap chinese prices, the viability of other firms is put into question. >> we will hear from yellen at 11:00 a.m. cet. >>> and sergio ermotti is looking to create more competitive banks. he said the integration of credit suisse is the case study for the continent. >> we h cannot rely on the cris. there has to be a political desire. >>> tesla shares moving higher in pre-market trade by nearly 4% as elon musk says the robo taxi will be revealed in august shrugging off the report that the ev maker is scrapping the low-cost car plans. >>> europe's largest upgrade tui is looking to move. we will speak to the ceo at 10:45 cet. >>> okay. let's take a look at the european markets for you at the start of the trading week. it is a little bit less positive than it was a half hour ago. you have the ftse 100 dipping into negative territory. the other ones are still holdi

i'm mandy drury joining you from london.hese are your headlines for this half hour. >>> don't get ahead of the fed. he's open to a june rate cut as san francisco fed president mary daly hedges her bets. >> prerate cuts is a projection, and a projection is not a promise. a projection is saying here's how the economy is expected to evolve and here's how policy evolves should that occur. but you have to maintain this ready position. >> tesla stock hitting reverse, losing around $30 billion in market value after deliveries decline for the first time in nearly four years. >>> disney reportedly secures nuft votes to defeat nelson peltz's challenge to the board with the results set to be unveiled to the a dgm later on today. >>> and intel's chips are down, delivering a blow to its plan to regain ground on rival chipmakers. >>> ecb governing council member says he has no objections to a june rate cut, but he does want to see more data. he stressed the important of moving with the fed, saying the impact of ease of policy limiting cou

i'm mandy drury along with frank holland. these are your headlines.otter than expected inflation and now eyeing a first move in september. >>> but inflation indicators diverge across the pacific with china notching the 15th month of deflation along with cooler prices. >>> the ecb gets set with the rate decision with the signs of divergence from the u.s. fed. >>> too big to fail. switzerland is looking to the banking sector as it looks to prevent another collapse. >> translator: what happened with credit suisse must not happen again. >>> i'm sure you figured it out that inflation remains sticky at the top across the united states with price pressures hotter than expected in march and the rate cutting cycle not expected in june. the cpi rose 0.4% for the month. the annual rate was 3.5%. the core readings came in cooler than expected. we saw a massive change in terms of odds for a rate cut come june with traders slashing odds. the futures showing an 81% probability of the fed keeping the rates on hold. in comparison around this time yesterday, futures in

i'm frank holland with mandy drury. these are your headlines.he iea cuts the demand growth forecast for the year citing an increased auto efficiencies and expanding ev fleet as a drag on crude demand. >> ev sales and increased fuel efficiencies in the car fleet is lowering gas demand in advanced economies and particularly in china. >>> chinese trade data misses forecast by a wide margin in march ramping up the pressure for beijing to deliver more stimulus. >>> the ftse 100 breaking through the key the 8,000 mark after the competeconomy posts m growth. >>> morgan stanley shares sink on the report that the wealth management unit is probed by regulators as u.s. banks prepare to kickoff the first quarter earnings season stateside. >>> we just mentioned the growth numbers from the uk. we have the ftse 100 in the headlines because it is headline worthy. it is back above the 8,000 mark and cracking 8,022. we have weakness in sterling which is helping some of the export companies. cac 40 with a nice gain of 1.1% along with the dax and ftse mib. all in t

. >>> time now for business and for that let's bring in cnbc's mandy drury who joins us live from londonet more insight into the labor market with the adp private payrolls report, which is set to release just before the bell. how is wall street shaping up in the early morning hours? >> hi there, jonathan. well, we're taking a look at the futures right now, and it's showing a little bit of red on the screen suggesting further caution at the beginning of this second quarter for the stock market. and with good reason, jonathan. we're watching the yield on the ten year barch mark note and currently sitting at its highest since november. the fear is if we continue to see good numbers on the economy and continue to see the disinflation trends coming to a bit of an obstacle, that could push yields higher and has a trickle down effect for all the things we use for borrowing like student debt and cars and homes and everything out there in the economy. you're right, the adp private payroll support is going to be coming out shortly and that is ahead of the big number, the nonpharm payrolls monday.

i'm frank holland. >> and i'm mandy drury.ge" with the lovely frank holland is coming ayunt.ay nex st ted. >>> it is 5:00 a.m. an cnbc global headquarters. i'm frank holland. here's your "five@5." investors await the march inflation report and read the tea leaves on what it could mean for the fed's next move. >>> the one voting fed president who says he's already expecting just one rate cut by the central bank this year, but he's open to the possibility of none at all. we see performer fed vice chair roger ferguson

. >> all right, cnbc's mandy drury live from london, thank you for joining us. >>> next up here we'llnnable this fall. we'll dig into that ambitious statement when we come right back. ambitious statement when we come rhtig back (psst! psst!) ahhh! with flonase, allergies don't have to be scary. spraying flonase daily gives you long lasting non-drowsy relief. flonase all good. also, try our allergy headache and nighttime pills. sometimes jonah wrestles with falling asleep... ...so he takes zzzquil. the world's #1 sleep aid brand. and wakes up feeling like himself. get the rest to be your best with non-habit forming zzzquil. ♪ ♪ here's to getting better with age. here's to beating these two every thursday. help fuel today with boost high protein, complete nutrition you need... ...without the stuff you don't. so, here's to now. boost. norman, bad news... i never graduated from med school.w. what? but the good news is... xfinity mobile just got even better! now, you can automatically connect to wifi speeds up to a gig on the go. plus, buy one unlimited line and get one free for a year. i