i'm rosanna lockwood. >> i'm julianna tatelbaum. these are the headlines. european equity pushed higher despite a gloomy warning from jamie dimon saying economic storm clouds lie ahead. >> we are sunny right now and doing fine everyone thinks the fed can handle it. the hurricane is coming our way. >>> oil is one of the sectors in the red as crude prices sink on the report that saudi arabia could fill the gap left by russia ahead of the meeting with opec plus producers. >>> sheryl sandberg resigns from meta after 14 years with the social media giant sending stock lower as she shares her intentions on philanthropy. >>> and u.s. futures turn green as janet yellen says the white house is looking to ease economic pressure. >> inflation is way too high it really a big burden on american households. maintaining full employment while bringing inflation down is the president's priority >>> we're now about an hour and a half into the trading session. things are looking up. green across the board for the markets open the cac 40 is up 1% in france. strong gains in the

rosanna lockwood is following the drama. rosanna, what can you tell us about whether or not this is possibly going to happen could boris johnson be removed >> he needs 180 members of the conservative party later on today, dom, eight hours from now to say they have no confidence this is as close as an impeachment in the uk. votes of no confidence do what they say they say we don't have confidence in you as leader. former prime minister theresa may survived one a few years ago. this story has been brewing for months in january, the investigation launchedinto the parties held at 10 downing street at the peak of the lockdowns the report was released last week i don't know if you watched the platinum jubilee over the weekend. most of the world was. boris johnson did look glum. one suspected he knew what was coming on monday morning it is pouring rain in london this morning some say it is a hangover from the jubilee. some saying we are filing this vote of no confidence. it means he stands down as leader tonight whether or not he wi

i'm rosanna lockwood these are the headlines. uk yields surged to multiyear highs as the committee confirms prime minister boris johnson will face a vote of no confidence in his leadership later today. >>> the stocks end the week in the green after the payroll data stateside. attention turns to inflation figures due this week. >>> crude prices gain after saudi arabia raises the price tag of the strong demand he expectation. >>> and a u-turn for elon musk he backtracks on the comment cutting 10% of the work force after saying he feels super bad about the u.s. economy >>> europe markets as we open trade today. positive here. ftse 100 despite the news from downing street this morning heading up 1.25% dax up and ftse mib is 1.5% higher we had a stronger lead in asia we have more reopening confidence from china which is feeding through as well. we will have more focus on asia. it could be a strong showing for europe int f let's give you a look at how currencies are doing. the pound is stronger against the greenback. that is interestin

and for that, let's bring in cnbc's rosanna lockwood who joins us live from london. u.s.wing the stronger than expected jobs report. how are things shaping up as this monday begins? >> well, a little bit better in the equities market, we've had a stronger lead here in europe and we're going to handle it that stateside, u.s. futures tipping toward a positive open and let's see if they can hold on to it but it is all about the economic data at the moment a stronger than expected payrolls report on friday. and despite that, pretty bleak wage data and a tough labor market. what this means when it translates into monetary policy. does it pave the way for the fed to continue acting pretty aggressively. at the moment the conversation in the market, it is around whether the fed is basically going to pause, after an expected 50 basis points rate hike on the interest rate, in june and july, and whether it keeps going, the fed still under that mandate, trying to stop run away inflation without ideally tipping the economy into a recession. >> so you may have heard of the tesla ceo el

bitcoin and ethereum on pace for the worst month since 2018 >>> let's go worldwide with rosanna lockwood in the london newsroom with the trade in early. good morning, rosanna. >> good morning, seema heavily in the red this morning. the markets are giving up as we head to the end of the quarter and half very negative. two points off the cac in paris. inflation figures are 6.5% inflation. inflation concerns and the central bank is meeting in portugal and will react with aggressive policy tightening and potential for tipping into recession. the dak in germany is down 2% as well one company in particular, uniper the utilities company is exposed to gazprem in russia it has fallen below 17% this morning. let's give you a look at sectors. unsurprisingly reflected in oil and gas dd dodow down .80, here in europe, it is negative down 3.5%. >> thank you, rosanna. >>> let's get a check on the top stories with silvana henao good morning >> seema, good morning a key vote by spirit is facing delay. the vote on the proposed merger is set for later today and moved to next friday, july 8th spirit is maki

. >> for more business news, let's bring in cnbc's rosanna lockwood joining us live from london.market, declining in the first day of june, a very choppy trading month of may. should we anticipate that that volatility will continue? >> certainly, if we're going to listen to jamie dimen who you just heard there in the report, the ceo of j.p. morgan chase, he is talking about bracing for an economic hurricane and he used the word he doesn't know if it will be a small storm or hurricane standing and he is talking about a few months down the path from now and interesting comment, around a week ago, he said he was pretty sure about the performance of the markets, and that being said, his comments at the new york finance conference yesterday, he didn't spook the markets much, tipping into positive territory. and the ftse off 100, off of the platinum jubilee in london and given that we did not have a great day on the first of june, the second day of june is looking positive at the moment. and we have gotten used to it. a lot of volatility, the roughest start for many years now. >> and r