i'm rosanna lockwood alongside julianna tatelbaum these are the headlines.ean stocks start may in the red echoing losses in asian equities. >>> u.s. equities look to make a fresh start after april losses warren buffett warning no one can escape the bond pressure >> inflation swindles the bond investor, too, and it swindles the person who keeps cash under the mattress >>> shares of credit suisse fall in europe after the lawsuit over the connection with russian oligarchs. >>> and eu warnings against triggering against catastrophe as berlin phasing out the time for russian energy imports >>> on this bank holiday for many of you, but not for us on cnbc dax in germany with red and feeding into the index you see it down 1.3% we had pretty weak economic data out of germany suggesting there may be a slowdown manufacturing index and the energy situation there of course, we had latest lines this morning we are not at resolution with the import of the russian energy into germany the impact into the auto sector. it will be large let's give you a look at the european mar

i'm rosanna lockwood. >> i'm julianna tatelbaum. putin marks victory day with a massive parade in moscow. >>> yields look set to keep calling the shots of the german ten-year the u.s. accelerates losses after the roller coaster week on wall street. >>> and chinese export growth slows to the lowest level in two years as the zero covid weighs on factory output. >>> and earnings forecast and raises the full-year revenue output as the ceo tells cnbc sales will stay strong. >> we see unabated demand in most of the target applications. there is a bit of weakness in consumer related stuff, but that doesn't matter so much for infineon. >>> u.s. first lady jill biden met with her counterpart during an unannounced visit to ukraine. the two first ladies met in the west of the country housing 160 displaced ukrainians, including 47 children. this came as the visit to europe where biden spend time with refugee families in romania and slovakia biden became the latest high profile american to enter ukraine and share support for the ukraine people >

i'm rosanna lockwood. >> i'm julianna tatelbaum. european markets with a turn around and wall street looks to follow suit after the u.s. tech losses top $1 trillion. >>> sony's quarterly operating profit more than doubles as gaming revenue jumps nintendo warns sales of the switch console will fall this year >>> tough times for tesla as the electric vehicle maker halts production in shanghai >>> france confirms emmanuel macron will hold talks with the hungarian prime minister today as they attempt to strike a deal on banning russian oil imports >>> nintendo says it expects to sell 21 million of the popular switch consoles this year. a 9% decline the japanese video game maker lower ed outlook for software sales. very excited to say that argen has been joining out on the set. this was an exciting year after they went after microsoft-activision what do we hear? >> demand is remaining strong. we are seeing that with sony's gaming division continuing to grow one thing to know is the first quarter of the year, playstation 5 sales dropped v

. >>> time now for business, and we've got a lot to get to, thankfully, c nbc's rosanna lockwood joins stock futures fell early this morning, as wall street attempts to stabilize after what was a turbulent week of trading. what should investors expect in the days ahead? >> yes, more turbulence if the futures are anything to go by, and we've seen the dow jones, 400 points, before the wall street open and the nasdaq 200 points, as well, and it has affected the equities market. we have five weeks of straight losses across europe indices at the moment. and the macro factors, this could intensify with the lockdowns in china and obviously the ongoing war in ukraine and we've been watching closely this morning. and the u.s. economic data coming out, labor date at the end of last week, showing that still 11 million unfilled vacancies and wages have somewhat stagnated and we're looking at the cpi, to see how much inflation is rising. >> we will keep an eye on that. as investors nervously watch as well. there's also this. the value of bitcoin continues to fall over the weekend. dropping below $3

for that let's bring in cnbc's rosanna lockwood, who is always joins us from london.th us. the dow jones industrial average notched a fifth consecutive day higher after strong results from retailers seem to lift sentiment across the market. it's been a rough couple of weeks, do you think wall street is ready to end this one in the green? >> it's hoping john. interesting when you think about the week that we had prior. you had this real warning to target regarding earnings. seeing that the retailers are really struggling stateside with these higher cost of doing business. high gas prices, logistics prices, supply chain disruptions, but good news overnight, this was actually from dollar tree and dollar general, some very strong reports there. macy's and nordstrom as well. strength in the retail sector in the states, which is really propping up the markets as you said. firmly in the green for this friday session so far, in europe the u.s., futures tipping towards positive at the moment. let's hope they can hold, up because it would be the first positive and for the u.s.

for that, let's bring in cnbc's rosanna lockwood who joins us live from london. the s&p 500 fell to its lowest level in more than a year. what's your sense of it? how long should we expect this economic woe to play out on wall street and main street? >> it's a good question because i think the economic woes will certainly last a long time, and there is underlying fundamental factors in ukraine, and china, and interest rates, inflation, they are not going away, but the markets react differently day by day. now yesterday, the sell-off on wall street, it was outside the market, talking about it on the subway home. and the nasdaq down 4%. the nasdaq off 25% year to date. and so is the s&p 500 down, fell below the technical level yesterday. in terms of where the market, where wall street goes, the u.s. futures are pointing this way, and europe, the trading day, you got to remember it is based off earnings with companies reporting, particularly sensitive at the moment. but broadly, economic woes, expect them to continue for the long term. the markets, we'll have to see

. >>> let's go worldwide with rosanna lockwood with the look at the early trade in europe it looks mixed ro rosanna? >> that is right, dom. the energy crisis is propospingu the shares you have the ftse 100 flirting with flat line the ftse mib doing the same thing. the cac and dax strong wrapping up the davos meetings in switzerland the ftse 100 is minor the speculation of the uk government calling on the wind fall tax the government looking to help house holds in the crisis. let's give you a look at the dollar and ruble the ruble has been strong. you don't see heit here. the dollar strong against the ruble. the authorities in russia are loosening capital controls because of the surging price is hurting exports. you have the central bank cutting interest rates for the third time in the last three months down from the 20% spike to 11% also historic bond downfall, dom. >> all things macro in focus rosanna, thank you >>> now for the morning's top stories with booertha coombs >> a shake up with the co-ceo. receiving enough shareholder votes for twitter is egon durban he has tendered his resig

rosanna lockwood is in brussels where they are hammering out the agreement. nna, what exactly will this and won't this involve >> reporter: what won't involve is absolutely key in that, dom this is the sixth and toughest round of sanctions by the eu against russia since that invasion of ukraine by russia on february 24th. we have seen a lot of unity up to the point of banning a complete ban on oil into europe. this was what they were calling for on may 4th it has been more than 26 days to get to the agreement overnight the reason being is landlocked countries like hungary and czech republic and slovakia are relying on the friendship pipeline they say if you cut off oil, we have nothing they have been standing in the way of the agreement we have a carve out in the agreement. 2/3 comes by ship. all of that is banned. 1/3 of it is coming by pipeline. hungary secured an exemption for the pipeline and on top of that, they secured the exemption if something happens to the pipeline, they can get oil from the ships. it is a major achievement by hungary. western leader

and now let's bring in cnbc's rosanna lockwood who joins us as always, live from london.is was obviously an aggressive step from the fed, widely anticipated. tell us more about it. >> yes, it is one of the most aggressive steps from the fed that we've seen in nearly two decades but it is something about controls, and run away prices, not only in the u.s. but around the world and the central bank is in the same position annual the bank of england is also set to hike rates and what they're trying to do here with the central banks, is stop the situation, without tanking the u.s. economy for example in a recession. it is a very, very titis -- tight rope. and jerome powell did not say anything about a 75 basis point rise. and it is 50 basis points from here on out. strong earnings from companies like shell and airbus. >> i was going to go there as well. in the wake of that news, u.s. stocks rose sharply yesterday, scoring the biggest one-day gain since i believe back in 2020. what's the sense as to how long this relief rally may last? >> i mean well how long is a piece of stri

. >>> time now for business and for that let's bring in cnbc's rosanna lockwood who joins us live fromging higher this morning, as investors are monitoring economic data and some monetary policies. what can we expect on this first trading day of may? >> well, hopefully a better performance than friday when we saw the dire sell-off across all of the indices, really tech pulling the nasdaq down heavily. and netflix for example was down 49% over the month of april, extraordinary figures. and you saw a lot of negativity in the equities to close out the end of april, and today being the first trading day of may and we're hoping for u.s. futures pointed to the upside at the moment and a number of indices and exchanges around the world off for public holiday. >>> let's switch gears to china which we know is the site of an extraordinary covid outbreak in recent weeks, we saw what happened in shanghai and the capital of beijing has tightened covid restrictions as it launches a new roun of mass testing in the hardest-hit districts. how will these restrictions impact the chinese economy and what