meantime, to the nokia trade and i mentioned ericsson. pop on the americas market where it has been dominating recently. that pick up helping ericsson yesterday. nokia now sees full-year earnings in the bottom of the range after missing expectations in the third quarter. it is a big macro day in europe. we are counting down to the ecb decision. the central bank is expected to deliver the first back-to-back rate cut in 13 years with the 25-point move lower today and again in desk. december. a look at the session today. that trade is weaker. we have the dollar/euro sliding down 1.0852. let's get to annette with more. we don't typically see the back-to-back moves in the recent history from the ecb. that said, the growth profile is weakening across the euro area. just to set the scene on the ecb is likely to communicate. >> reporter: yes, that's exactly the fact. ever since the ecb came out with the staff projection at the last policy meeting in september, economists already thought this was a bit too optimistic. now the economic picture like

like he wants to get rid of the department of education nokia funding to school districts that he doesn't care for. >> thank you for sticking with us. start coming out, the latest collaboration between the ex- president and -- at fox, next. . ♪ ♪ this one is for you. when migraine strikes... do you question the tradeoffs of treating? with ubrelvy, there's another option. ubrelvy works fast, most have migraine pain relief within 2 hours. you can treat it anytime, anywhere, without worrying where you are, or if it's too late. don't take with strong cyp3a4 inhibitors. allergic reactions to ubrelvy can happen. most common side effects were nausea and sleepiness. migraine pain relief starts with you. ask about ubrelvy. learn how abbvie could help you save. ♪ limu emu & doug ♪ woah, limu! we're in a parade. everyone customize and save hundreds on car insurance with liberty mutual. customize and sa— (balloon doug pops & deflates) and then i wake up. and you have this dream every night? yeah, every night! hmm... i see. (limu squawks) only pay for what you need. ♪ liberty. liberty. liberty. libert

looked at this and i just couldn't believe >> that was their especially in a diverse diversity, as nokia says, with so many asians here and not just that, but or the sign was was in a predominantly asian area where there's a lot of asian restaurants in a statement to kron 4, highly and says, quote, we now realize discrimination is real and it exists. having attacks like this is unfit. it is unjust and i feel people need to be educated about the real values and soul of what america is. we're going to get through this. and, you know, we'll get this to the stronger better. >> that's something that i always look forward that's what i love the city. that's why i'm running for city council. the latest statistics from the u.s. census bureau show asians and pacific islanders. >> make up 70% of the population in milpitas. philippe djegal all kron. 4 news. >> let's get your check of the forecast and look who's back the fog. >> fog has rolled in lawrence's strolled over what's going on about that? yeah, that fog kind of coming back. that sea breeze kicking back in. so we've got major changes coming

nokia reporting profits after a recovery and demand, but miss hadding on revenue forecast. >>> we turnkovach joins us with more on this story. steve, looking at the stock right now. up .75%. >> frank, we'll supplyexplain wt is happening next. this points to a generational shift we're seeing here at apple. yesterday, chief people officer carol surface stepped out of her role after two years. she was appointed in february of 2023. and dan riccio was the overall hardware boss until 2021 until he stepped aside for the apple vision pro. two other vps in procurement stepped down and back in august, luca maestri stepped down to take another role at the company. all three of those people were cook's direct reports. on top of that, notables are leaving after decades of the company like the head of procurement like i mentioned and top apple store vp. former vice presidential gore and james bell, the former boeing ceo were mandatory board retirements at the age of 75. zooming out a bit here, frank, a few interesting things about the departures. some of them have been stepping down from cook's lea

it's a mix for nokia in the third quarter in terms of sales, the estimates have been for just over 4.7illion in terms of the adjusted operating margin, that was higher than the estimate. so the operating margin is a beat. the estimates had been for 9.45%. there will be details in terms of the telecom equipment maker and demand from some of their telecom operator clients as well. you saw the beat coming through again for the banking sector with morgan stanley and focus yesterday. the gains and rallies that stock , a gain of more than 6% for morgan stanley and expectation that bonuses will be juicy this year. european futures currently warning lower by .2%. heard the story for in terms of the official statements out of china. the ftse 100 looking to eke out gains of 12% as we look into the market. nasdaq futures off by 53 points. the russell 2000 down more than 1%. let's flip the board, annual jobs claims, look at the u.s. 10 year. two basis point year -- yields up. we watched a single currency, the ecb almost fully expected by this market to cut for the third time. iron ore down 3% on t

. >> we are sort of beginning to track some year-end head count reductions, nokia reports today.e and china. deere, a few hundred. >> 300. yeah. >> airbus, we mentioned. boeing is the big one. >> yeah. look, i -- i think that, again, the -- i really got to go back with this jonathan gray thing. these are all the air cover. fed's looking at numbers. there's weakness everywhere. >> the next employment report is going to be weird because of the boeing strike and the hurricanes. >> yeah. and autos are very weak. don't forget autos are very weak, and obviously, one of the candidates, former president trump, would redo the relationship with mexico and that would drive autos up because so many autos are made in mexico. >> you mentioned that today, "the journal" piece is titled, "a second trump presidency stands to radically revolutionize world trade." >> yeah, it does. >> remake world trade. is the market -- druckenmiller yesterday argued that the market is pricing in a trump victory. does that make sense? >> i don't think so. i like stanley. he's a really good guy, he's really smart, b

most upside surprises going back to april you wonder is the bigger risk for equities that they're nokiaet some sort of more serious weakening. i cannot tell based on everybody who talks to us they line up on opposite sides. jonathan: risk cuts both ways. crude, a third day of gains. on brent crude now 75 point 50, up by two full percentage points. i'm talking about supply risk. that cuts both ways. >> ready to add more into the market. keeping a lid on this. you also the number of cheaters but we also talk about risk if such as the geopolitical risk in the middle east waiting for israel to respond. saying holding on to nuclear facilities. a trifecta of risks right now. in the united states when it comes to hurricane. lisa: there's a question of how much we've seen in some of the affiliations of the associations of asset classes and events. whether it comes to oil and this question of what kind of knee-jerk response there will be because of the structural stiffness in that market or with respect to bonds is a haven asset of the that adam posen raised of inflation. >> navigating the stock

we have legal and procedural obstacles starting with the fact that nokia got 40 acres and a mule, to part of my plan is we will give people a $25,000 down payment assistance to get their foot in the door to buy a home for first-time homebuyers. the work i will do to increase housing in america to know that's one of the reason why rent and housing prices have jacked up, and work with the private sector to cut through the red tape and build more houses before the end of my first term. i give these examples and there are many more i will offer. for example, the work i will do to extend the child tax credit to $6,000 for young families during the first year of their child's life. as you and i both know, our families have a natural desire to parent their children well but not always the resources. by extending the child tax credit to $6,000, that gives the young family the ability to buy a car seat, a crib, clothing, the things that are important in that critical stage of that child's development so they can get on the road and have a chance at succeeding. charlemagne: you said we can do