imposing tough new sanctions on that guy, venezuela's nicolas moduro will russia or china bail him out? we're going to find out. theresa may staring down another big brexit vote in the u.k. parliament apple fixing a major security bug that lets facetime users eavesdrop on others. yikes. it is tuesday, january 29th, and worldwide exchange begins right now. skbrienchts welcome do cnbc and world wooitd exchange. i'm brian sullivan here's how your money and global markets are setting up not a big move in stock futures. we're down 39. s&p and nasdaq are down just fractionally in the red. its going to be all about earnings today earnings, a lot of numbers rolling out, and this has the power certainly to change over the next couple of hours as always, much more on your money and the markets ahead. first, we have some big breaking news out of california pg&e filing for chapter 11 bankruptcy prengz. this comes as the company faces billions in potential liability in the wildfires adidi has been covering the story us from from the beginning, and she's live in california i know it's 2:00 a.m long

sanctions as pressure rachets up on embattled leader nicolas moduro. what that could could mean for global oil prices after the break. ♪ (vo) here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪ zbloinchts these are your headlines this morning >> tech and auto stocks lead to losses in europe after the u.s. hits huawei with sanctions >>> sap unveils a major overhaul which the german software company says will cost up to 950 million euros in the first quarter as it rams to triple its cloud business over the next five years >> we're doing extremely well, and that's the precise time where you have to get your company fit and ready for the new market opportunities in front of us. the low cost carrier ceo says he is certain the company can become profitable. >> british lawmakers prepare to debate a

carlos ghosn has resigned from renno as the carmaker lays out a succession plan >> venezuela's nicolas moduro breaks ties with the u.s. after the u.s. recognizes the opposition leader as president >> we're not considering anything, but all options are on the table. all options always all options are on the table >>> well, good morning, everybody. it's a very big day in europe today. we've got the european central bank meeting coming up in a couple of hour's time, but we've had a batch of data. the pmi numbers from france choomg it's double in four years. germany. right now we just saw the composite numbers coming out for all of the euro zone let's go through those the flash composite tmi number has come in at 50.7. this is much lower than the reuters poll of 51.4 it's also a drop from where we were back in december at 51.1. just to give you some context, these pmi numbers are the lowest since july 2013. the services pmi numbers, again, the lowest since august 2013 the manufacturing pmi numbers, the lowest since november 2014 we really have seen a bit of a dip in terms of overall activity in t

sends a strong message to nicolas moduro to step down >>> two key votes today to try to end the government shutdown is there any chance the government finally reopens >>> carlos ghosn resigning as chairman and ceo of renault. hitting the brakes apple cutting more than 200 jobs from a its self-driving car unit, and bing blocked microsoft says the search engine no longer accessible in china. we'll have more on this coming up, thursday, january 24th, as woshltdwide exchange begins right now. >> good morning, good afternoon, good evening happy thursday i am brian sullivan here there is a lot of big global macrostories happening right now. the world focuses on really two places venezuela and davos,turmoil there, futures are fairly calm to slightly higher right now dow futures at this hour up 46 s&p and the nasdaq are higher as well again, not a lot here changed. we are seeing a little bit of green on the screen, of course all of that could change dramatically either way over the next couple of hours we are following a major developing story in the oil market, and in the gft of venezuela. hundre

opposition leader during an appearance on russian state television, the country's embattled leader nicolas moduroordering a hit squad to kill him. the white house is tightening the financial squeeze blocking him from getting any revenue from his state dom, those are your headlines. >> francis riviera, thank you so much for those let's get another check on the early market action so far futures relatively stable and flat after a huge run-up yesterday on the heels of that big fed interest rate decision and press conference the dow jones futures indicated to open lower by about 37 points for the overall cash session on the treasury side of things, ten-year notes, two-year note yields 2.49% your top stock story this morning is facebook. those shares are soaring after the company reported a record profit last quarter. let's get to elizabeth schultze live in london with more elizabeth, this was all about the idea that advertisers continue to spend money on the platform despite all of the negative headlines around its consumer facing activities what was it that stood out to you in your mind about the re

that nation's president nicolas moduro reportedly says he is ready for talks with the opposition a russianenezuelan leader is open to the possibility of third party countries mediating. we will continue to monitor any developments out of venezuela. we'll bring you the very latest as we learn more brian, back to you >> looks like the oil sanctions and the blockade of that sit go money snienchts francis riviera in line with those >> hi, good morning to you man, it is frigid out there. from the midwest to the deep south. millions are feeling the impact of this poll or vortex farlgo, north dakota reported a temperature of negative 20 at midday yesterday. >>> in brooklyn the prosecution will begin closing arguments today in the trial of drug king pin el chapo his defense team called on one single witness to the stand. that was an fbi agent. his testimony lasted just 30 minutes. meanwhile, the prosecution presented 56 witnesses they testified on everything from his daring prison escape to an alleged $100 million pay-off. deliberations are expected to start on friday. those are your headlines, br

comes now as venezuela's generals, the military, throwing its support behind isolated leader nicolas modurothe u.s. is now looking for ways to cut off the money to the moduro regime and back that nation's opt zbligs leader and self-declared interim president. oil prices are pushing higher this morning as tensions rise in that opec nation joining us now is catherine rooney vera chief investment strategist at bulltick capital markets. something we did not know yesterday that we know now is what would the military do, the generals at least. maybe not the whole military, have thrown their weight behind moduro do you believe that will cement his reign in power >> absolutely not. hi, brian. good morning the generals can say whatever they want to say the most important thing, brian, is what the troops decide. if there's even some faction within the very powerful military in venezuela that decides to align with the international community, we're talking 13 plus countries that have already acknowledged mr. guido as the legitimate president, then we can see finally that inflexion point and that much

behind him as well on the other side you have russia, china, cuba, and turkey who are backing nicolas modurosia and china, by the way, are owed bill yobz by the venezuelan government. there's a vested interest in keeping him in power two other big financial angles this fight could determine the fate of citgo, the u.s.-based arm of venezuela's national oil company, already under siege by creditors. there are 10,000 u.s.-based employees. also watched oil companies like chevron, volero and bps. now, many oil companies, like marathon and phillips 66 have slowed or stopped buying venezuelan oil since the financial sanctions were imposed. you know oil may be the ultimate political weapon here. it provides nearly all the venezuelan government revenues, and if you are not aware of the collapse of venezuelan oil production, how about these numbers? in 1997 venezuela produced about 3.25 million barrels of oil a day. hugo chavez took power a few years later. now they produce just 1.4 million barrels a day, and the number of active oil rigs has fallen from 70 three years ago to 25. producing less and le