seema mehta and jay newton-small, ladies, good to have you both. seema, white house lawyer ty cobb released a statement saying the white house will not be commenting as the charges are dated and have nothing to do with their service to the campaign. in terms of the timing there relative to what was put out in that statement and also gates' plea deal, seema, does it come as a surprise to the white house? and what are you hearing about how the white house is handling this fallout? >> publicly they're doing what they've sort of done all along, saying this has nothing to do with the campaign, this all predates manafort and gates working on the campaign, this has nothing to do with me, move on. but internally you have to wonder, this is getting closer and closer to people who know everything or so much about what went on during the campaign, whether there's alleged or illegal contacts or improper contacts that haven't come to right between campaign official and trump officials. if you look at bob mueller's investigation, it seems like he'll go after som

thank you, seema seema modi and that explains why the volatility gauge high. yields on the ten-year moved higher, over 2.9%. right now we're at 2.6%. steve the leasem steve liesman joins us. >> the question of the high rates, are they the cause of what's happening with stocks what happens when rates surge? we went back and looked at six periods of major rate increases in the ten-year treasury going back to '93, you can see all but one. the s&p is up. up at least dusouble digits and sometimes two percentage points, sometimes three that they end up being very healthy for stocks. what about the next six months you can see that then it gets a little more dicey. sometimes it's negative, sometimes almost always single digits the next six months of a time of rising rates tends to be more challenging. the whole context of this study here, that takes place in the context of lower rates if you could just zoom in on the very end, you can see the rate rise we've had of late has been healthy. about 149, 150 basis points. it's right up there with some of these other histori

i'm wilfred frost. >> i'm seema mody.> great to have you back at headquarters >> it's great to be back lovely to be alongside you >> thank you >>> let's quick off with that big breaking deal news comcast making a $31 billion cash offer for british broadc t broadcaster sky. sky shares shooting higher on the news sky up to 1,332. the bid price was 1,250. for most of the last year or so since the fox deal for sky had beenagreed, it traded below that bid price on expectations that regulators could block the deal now there may not be regulatory hurdles, but also now a bid war. comcast lower in the premarket comcast's bid does rival the current offer from fox we'll have much more on the breaking story straight ahead. great analysis and guests coming up throughout the show. >>> let's check global markets following yesterday's big rally. it was a strong start to the week with the dow gaining 1.5% futures indicating a higher open for the dow which is up 18 points in the premarket. nasdaq lower by 4 points s&p 500 basically flat ch

seema, your thoughts on that? does this put more pressure on the president?shows the american people. we were talking about russian interference in the election. it was a nebulus idea. this shows how the government was sending russians over here, stealing people's identity, planning rallies. this shows concrete details in a way we haven't seen before. >> after h.r. mcmasters saying overseas unequivocally there was russian meddling now. seema, we have the midterm elections coming up what has the administration done to prevent meddling in the future? >> that's the big question. there's no sign that russian russia is going to stop this. if anything they got more sophisticated. that's a big question for the administration. i've been sort of surprised by the president's tweet which is really contained to himself, tha as if this somehow vindicated him, as opposed to making a statement to russia, we're not going to let this stand. when he talks to other countries that he feels have wronged the united states, immigration or china with trade. >> you're surprised the p

. >> seema, there are certainly occasions that inside washington, many people who live and work thereinside a bubble. omarosa says when you're in the middle of the hurricane, it's hard to see the destruction on the outer bands. do you think she feels like she's been liberated and she's final now free to speak her mind? >> if you remember, last year when she either resigned or was forced out of the white house, there was a lot of controversy about whether he was there physically removed from the white house. she gave some interviews then that hinted about her unhappiness and she would speak more about that when she stopped getting paid by the white house, which has in january. i'll wait to see what happens when she says more about her experiences. she and president trump have an interesting and complicated relationship, although clearly they're on the out and outs. this isn't the last we've heard from her. >> let's go to the president's tweet, yamiche, about lives being shattered, referring to the domestic abuse allegations made against two white house staffers. is this a defense of th

you're watching cnbc i'm seema mody >> i'm dominic chu we are seeing green this morning, a nice reversal from yesterday. the s&p is latslated to open 1 points to the upside the dow slated to open up about 130 points, the nasdaq by 35 also checking in on what's happening with the ten-year, 2.8 4% we see 2.835 the last trade of the ten-year a key piece of inflation data out today, the consumer price index could have an effect on that bond market >> let's check the temperature overseas in asia stocks are relatively higher with japan being once again the exception. that's on the back of a rising yen which is at a 15-month high against the u.s. dollar. we also got data out overnight in japan, growing at a pace of 0.5% last quarter, that's slower than expected, but still its eighth consecutive quarter of growth hang seng, shanghai composite and kospi seeing gains of 1.2% the hang seng helped by tencent shares a lot of these tech names in asia that sold off last week did rebound overnight. eurozone gdp hitting the tape, up 0.6% quarter over quarter up 2.7 % year over year. basically in line wit

hey, seema >> good afternoon, tyler a choppy session thus far. the dow, but not at the lows of the day. down about 123 points. check out the sector board consumer staples leading the market lower walmart on track for its worst day since twen 15. other names in the consumer space, kroger, kraft heinz, clor clorox, these larger consumer stocks all down about 2% to 4% what's also notable is the move on the dollar. higher today as the ten-year creeps up past 2.9%. last week, the weaker dollar is said to be one of the reasons stocks rebounded today, slightly different scenario let's see if it holds. moving on, a lot of notes out from top wall street strategists. the bull versus bear debate with blackrock among others saying tax cuts will supercharge earnings and inflationary fears are overblown. while morgan stanley and others mentioning monetary policy winding down plus a widening deficit as those reasons to worry. with all that said, take a look at the dow transport, said to be a leading indicator for the broad market still down about 9% from its re

i want to bring in my panel now, tiffany shu and seema mody of cnbc. tiffany, what kind of relationships did the nra have? what kind of companies was it working with? >> everything from insurance companies, to airlines, to hotels. it's really across the board. they had discounts for really anything you can imagine, like home security products even. >> seema, what have we seen here over the last few days? there have been survivors of the shooting tweeting at or mentioning companies on social media. what have you made of the changes that we've seen and how quickly they've happened? >> i think for the first time corporate america is responding to the public pressure and participating in this heated discussion around gun control over the past couple of days. iconic brands from hertz, avis, delta, joining the discussion and saying we're going to sever ties with the national rifle association. it's seen as a small but powerful step in the right direction and says corporate leadership is prioritizing social responsibility much more now than before. >> tiffany

. >>> let's back to seema plomody >> today's losses, the european stock 600 index is down 7% from the. trading below the 50 and 200-day moving average the psychological levels that traders watch were down just about 2.3% but let's break down the individual markets and you'll see that germany, france, spain, and the uk all down around 2% to 3% on the day. but off the lows and that is a key thing to point out here on the year, european stocks are falling deeper into negative territory after posting gains of as much as 4%. take a look at germany now the reverse. it is down 4% in 2018. the key lagger led by deutsche bank which continues to trade lower now down 16% in 2018 the worst performing stock on the german dax here is something that traders continue to watch. it's the earnings story in europe the average earnings growth rate in europe for the fourth quarter is actually at 11% fueled by the consumer discretionary sector. but the financial profits, that continues to disappoint. that's one reason that you're seeing deutsche bank shares continuing to sell off what is also interesting in

back to you. >> seema, thank you.e'll see you on the close at the countdown coming up in a little bit here. let's check on some other movers in today's market action shares of snap lower today after being downgraded to an outright sell from neutral over citi. citi saying the significant jump in negative reviews for the app since the redesign at snapchat could lead to a decline in users that could negatively impact results and that stock is down more than 8% in today's trade. the other side of the trade is chipotle, still up about 3% last i checked. yes, on the heels of upgrade to hold from sell they continue over the appointment of brian niccols to chipotle and the stock was up sharply on friday on that news. and it continues higher today. >> and that is a big move lower for snap as well >> so, the market overall is the story right now. the dow just off the lows, down 318 points we'll see how we do in the final half hour as we head to the close for this tuesday up next as we approach the end of another volatile tradin

i'm wilfred frost. >> i'm seema mody in for sara eisen.> great to have you with us let's look in on the market picture. another roller coaster ride yesterday. two days ago we had a 1,000 point swing from low to high yesterday about a 500-point swing on the dow we were down 130 at the open the session high was 381 points. we sold off into the close and finished basically flat for the dow. the s&p was down 0.5%. nasdaq down about 1% the week to date results are down about 2.5%, 3%, not that bad with the huge declines earlier in the week. the dow did lose 4% last week as well this morning it's calmer we're down, but only by 96 points the nasdaq is down 16. the s&p down 12 points let's look at the treasury yield curve. we did see yields pick up yesterday. we were nicely above the 2.8% level, 2.84% we're near that high of 2.85 we touched late on friday it will be a big test for the markets to see if yields continue their rise, if we get more of those types of pullbacks in equity markets that we saw late last week and early this week a look at t

i'm wilfred frost. >> i'm seema mody in for sara eisen.py friday to you. >> and to you, but it's not a happy friday for the dow futures. coming off a week where we're already down 1.6% for the main three indices coming into the session. we are expected to open down by 263 points on the dow. s&p down 21. nasdaq down 44 we had slight gains for the dow yesterday. slight declines for the s&p and flaz d nasdaq lots of yo-yoing overnight some international markets have seen off and yields have risen let's look at yields, the ten-year did cross 2.80% overnight, it's 2.798 right now. the days of rising yields have correlated over the last ten days with days of selling of equities that's what we're seeing this morning. >> let's check on asian stocks mostly negative overnight. stocks closing lower by 1% part of that is the weaker yen against the dollar and interesting news about the central bank conducting a special bond purchase operation to curb rising yields. the kospi lower by 1.7%. due in part to sam thing, which reacted negatively to apple's s

but since then, of course, it's been really a rough start for 2018 >> all right seema, thank you seema right. thank you very much. when we come back, he raised more than $37 million for hurricane harvey relief and is now one of three finalists for the nfl's man of the year award. we'll check in with luce ton texans linebacker j.j. watt in a moment >>> we'll also have more on the selloff as we continue to see equities under pressure on this friday so a few years ago, me and my wife were actually saving for a house. but one day we were sitting there and we decided that, you know what? something needed to be done about what was going on in our inner-city. instead of buying a house, we decided to form this youth league. what is he doing wrong? he should shed the block. exactly. it's volunteer, we don't get a paycheck. it's one hundred percent from the heart. football shaped my life and i'm praying that it will shape these kids' lives as well. ♪ ♪ ♪ ♪

. >>> let's get over to seema mody. >> european stocks wrapping up february with their worst monthlyformance since june of 2016 which you may remember, that's when the brexit vote took place. look at the markets, the individual markets you see the major european markets are down including germany with 5% decline for the third negative in four months. london ftse, down 3.5%, paris down 3% for the month. stocks unable to post gains despite the euro and uk pound each posting monthly decline against the u.s. dollar. though we have some green to show you, italy among the few european markets up year to date, helped by a double digit rally in the italian banks which have remained somewhat resilient amid uncertainty surrounding the upcoming italian general election on sunday there you go italy and banking shares outperformed we finish with a pair of two stock stories out of germany adidas says growth in china and north america boosted sales in 2017 flip side, bayer, fourth quarter profit due to hit from u.s. tax reform and weaker sales. that stock down about 2% guys, back to you. >> seema,

. >> i'm seema mody in for wilfred frost and sara today >> this morning we are seeing some red after big green day yesterday. you can see for right now we have an implied open on the dow of down just about 180 points. the s&p indicated to open down by 16 and the nasdaq down by 29, 30 points. a nice 410-point gain for the dow yesterday maybe sets things up for a breather today. we'll see if that selling pressure holds steady or gets exacerbated. the ten-year note yield, a bit of a bid to treasury bonds, so yields are lower this time yesterday we watched and saw the ten-year treasury note yield around 2.88, almost 2.89%. you can see now 2.83% is where we stand on that u.s. ten-year treasury note. >> let's look at stocks in asia overnight. asian stocks closing higher with the exception of japan, which closed lower by 0.7% that's due in part to the rising yen. you can see a strong move for the shanghai composite the kospi higher by 0.4% early trade in europe, let's look at the story there. stocks are lower with the dax down by 0.3% we did see a nice move to the upside in european equitie

. >> i'm seema mody in for sara eisen.ood morning to you. >> good morning to you as well happy first day of february. our top story, facebook shares rebounding following a drop after yesterday's close. the company crushing quarterly results but reporting a big drop off in the amount of time users spend on the site. we'll have more on the quarter straight ahead there is the share price move. down as much as 4% when people focus on that drop off on time usage by users after sheryl sandberg said this won't hurt revenue moving forward, you can see the sharp rally back first, let's check in on global markets. >> u.s. futures, we did see a sharp intraday reversal, marketing starting the day lower but ending higher on thursday. the dow is slightly lower by 2 points s&p higher by 6. nasdaq higher by 3 wall street closing higher yesterday, unchanged decision by the fed was the market mover look at the ten-year note, rising yields has been the story for quite some time now. the yield above 2.7% 2.74 >> let's recap january the dow an

. >>> let's get to seema mody with the european close >> hello, morgan mixed session in europe.e getting a lift on earnings news. glen core announcing profits quadrupled in 2017, helped by strong gains in its trading division as commodity prices moved higher, thanks to surge in cash flow, the company says they'll pay almost $3 million in dividends and consider acquisitions quite the come back. up 25% in the past one year. looking at financials, lloyds posting a profit miss. stocks are higher. british bank confirmed 1 billion pound share buy back and 20% dividend hike. they'll invest to improve digital bank services. stock up 3%. >>> the uk experienced strongsts quarters of growth since the 2018 recession unemployment rose fourth quarter. labor participation increased as did wages. we talk a lot about wages here, in the uk, up 2.5% year after year flash composite fell this month, but still at levels indicating the fastest pace of economic growth in more than a decade in europe interestingly enough, pound and euro trading lower against the u.s. green backs still some notable econo

. >> i'm seema mody. >> what a big day it is. we had a massive reversal yesterday.ll of a sudden it's carrying through into today let's check the global markets this morning starting with the u.s. futures picture we're seeing quite a bit of green across the board right now the dow jones industrial average will open up by 250 plus points the s&p by 21. the nasdaq up by 56, 57 points let's check on the ten overtreasury note yield because it has been a very big battleground for many traders. arguably one of the biggest driving forces behind the recent market volatility. interest rates now, 2.92%, multi-year highs for that longer-term u.s. treasury note we'll see if that stays the game given today's other big inflation data coming out, the producer price index >> interesting that despite the rising inflation picture, stocks still ended higher we are higher premarket as well. many asian markets are closed todayt for the chinese new year, japan did remain open. the japanese nikkei closing higher by 1.5% look at the story in europe. early trade there, it's green across the

. >>> let's go to seema mody >> european stocks in rebound mode, ending a seven session losing streakunding after the worst daily performance since june of 2016 part of the story is better than expected data, rising growth expectation. eu raised eurozone growth forecast to 2.3%, up from 2.1% from the time in november when it made the target germany among the markets negative for the year down just about 2%, despite today's rally. speaking of germany, chancellor merkel agreed on a deal between her conservative block and left of center social democrats she made some concessions, social democrats would head finance and foreign ministry in the new government, but the party's members still have to vote to approve the coalition deal >>> the yield on ten year german bond is rising, hitting multi year highs, puts this market rally into focus of course finished with earnings news, norway stat oil posted better than expected quarterly profit on higher crude prices, record output sanofi down, and abn amro, that stock down 3%. back to you. >> great thank you for bringing us that seema mody, back

at the very end you seema ma and baby reunited and they go back to their herd. >> viral video, i'm sure it's safe to say we've seen everything when it comes to road rage. nope. >> some mud wrestling. yeah, this is a road rage dispute. currently caused by someone trying to go the wrong way in a road in the country side which has escalated to a mud fight. let's say they're sitting there a little tired. i love this. slap. slap. it's like a couple of children messing around in the playpen. everyone is covered in mud and everybody lost but we won. we got to see it. you can see how it ended up in the mud. there was this bridge right here. two people came face to face and nobody wanted to give in. this is the result. >> the house of commons, there are two lines on the floor that keep the government. they might want to try that in mexico. this is just one party. they're having a bit of a zis agreement as you can see so within their own party they're fighting. >> there was some accusation and now it becomes a straight up wwe match. seriously. they start smacking people over the head with chairs.

. >> i'm seema mody in for sara eisen. let's get straight to the market picture. a massive selloff again yesterday. we were down over 4% for the dow. a lot of the selling coming late in the day as we have seen through some of these days of volatility and selling, we are now down 6.5% week to date before today for the dow. that following a 4% fall last week the falls week to date for the other two indices, about 6.5%. the dow and the s&p are in correction territory, which means a pullback from the highs of 10% or more the nasdaq 100 also in correction territory the nadz dsdaq come podposite d% this morning we are expecting to bounce back higher by more than 1% on all of those indices the dow higher by 1.2% the nasdaq higher by 0.9%. ten-year treasury note, rising interest rates la behas been a g reason for this selling. the high yesterday was shus sjuy of 2.9%. 2.842 is the number. >> it's been a volatile week for global investors the selloff has been pronounced in asia which did end the week lower, lower by 2.3% for japan, hang seng lower by 3%, shanghai down 4%.

now let's get to seema mody back at headquarters with the european close >>> jon, european stocks relativelyfor the beginning -- for the week. that has pretty much been volatile for the broader global market setup take a look at the german dax on track for the second straight week of gains for the first time since november earlier you had the yield on the german ten year fall to the lowest level since the end of january. slightly different story as we head to the close here moving on to some stocks in focus in europe, the biggest laggers including french auto parts supplier valeo on a drop in 2017 net profit that stock down 11%. and then take a look at international consolidated that is the parent of british airways reporting fourth quarter revenue shy of expectations. royal bank of scott land also under pressure it posted its first full year profits since 2007 but investor concerns about restructuring and litigation costs are weighing on the stock. it's down just about 5%. and an interesting story playing out in the telecom space bt group rising after uk regulators this morning eased price

you're right, seema.does speak to the fact that we're seeing more deal making in property and casualty and reinsurance right now as rates begin to tick up aig with their recent deal and reporting after the bell >> more deals. >> thank you for joining us. seema mody >>> we're down 337 points right now on the dow with that, we're going to get over to sue herrera for a quick news update. >>> good morning, everybody. here's what's happening at this hour president trump addressing the 66th annual national prayer breakfast this morning in washington stressing that faith is central to american life and liberty >> ourrights are not given to us by man. our rights come from our creator. no matter what, no earthly force can take those rights away >>> mcdonald's unveiling a contest to win that, that is an 18 karat gold ring valued at $12,000. looks like there are a few die plon -- diamonds in there too. fans can win the ring by creating a proposal of love to the big mac on twitter >>> and tens of thousands of eagles

♪ >>> welcome back to the "halftime report," i'm seema mody profits beat by a wide margin at 24% jumpas bookings continue to rise despite higher room rates and market is focused on the metric which did surpass expectations and led by china, interesting given that h&a is the biggest shareholder. they have a 25% stake. it allows hilton to continue the build out in 2018 and reviews tax reform as a positive for corporate travel in the fourth quarter, $665 million tax benefit we're seeing shares of hilton and other hotel stocks rallying and scott, we do have marriott, trip adviser reporting tonight. >> and she was talking about more buybacks as a result of this. >> exactly. >> thank you very much seema modywith the latest there. do you like hotel stocks >> my pick is marriott >> you could hear more about buybacks if you don't want to address hotels directly. >> and they don't own as much as they used to, judge. in other words, they've outsourced it and put the brandon it, just like the president puts his brand out there, these guys put the brandon star wood or marriott hotels and they don'

. >> we'll talk about it >>> let's get back to hk seema mody is there with the european close >> hi,e. enjoy that discussion. european stocks lower giving up the gains from monday's rally. investors obsess over an inflation. new data shows that uk consumer prices stayed flat at 3% in january. just last week the bank of england indicated they may raise rates sooner than expected to tame the emerging inflationary pressures. you can see the pound rising against the u.s. dollar. let's talk earnings. caring reporting another strong rebound in profits thanks to heightened demand from chinese consumers and millennials. it could weigh on future results and that's why we're looking at shares down nearly 4%. take a look at travel group. higher on the quarterly results. helped in part by a more supportive geopolitical dbackdrp as tensions ease in turkey and africa really a fascinating story that stock up more than 2% finally, the ecb is trending right now for its tweet on bitcoin. the central bank explains why bitcoin is not a currency highlighting that it's volatile, not protected, not backed,

seema mody's there with the european close. >> hi, mike.stocks are off high of the session following wednesday's rally, while germany has been really leading the european rebound we've been seeing this week today's best performer is france, up 1%, but like most of its european counterparts, still in negative territory for the year one stock helping the french equity index is airbus, today's biggest gainer, on track for its best day in about six years. free cash flow and underlying annual profit solidly beat analyst forecasts as deliveries hit a record high in 2017. today's news overshadowing a $1.6 billion charge airbus took on its a-400 military transport plane, which has been subject to delays, but you can see the stock is up more than 10%. meanwhile, nestle shares moving lower and hovering around correction territory for the year this is the world's biggest food company, reporting a drop in 2017 profit, citing what it calls a challenging environment in north america and brazil. organic growth was the weakest since nestle started tracking

good morning, seema. >> reporter: good morning, twitter youtube and amazon are in the running for there rights to stream the nfl games. the league could strike a multiyear deal. twitter paid $10 million for the streaming rights to the thursday night games in 2016 and amazon paid $50 million this past season. the nfl just sold the broadcasting right for thursday to fox for $3.3 billion. the markets rose for a fifth straight session with the dow closing about 25,000 in the first time in about two weeks helped by gains in the tech sector. guy, back to you. >> thank you so much. 5:28 right now. 53 degrees outside. horror and heart break. how a florida community is standing strong in the face of unimaginable tragedy and their tribute to the victims.

. >>> good morning, i'm seema mody live at cnbc global headquarters. wall street looks set for more gains at the opening bell this morning after yesterday's rally. the markets rose for a fifth straight session with the dow closing above 25,000 for the first time in about two weeks. helped by gains in the tech sector. look for economic data today on housing and the consumer. the dow jumping 306 points, the nasdaq rising 112 to close at 7,256. twitter, youtube, amazon and verizon are in the running to stream the nfl's thursday night game. it is unclear what price they are seeking but the league could strike a multi-year deal. twitter paid $10 million to the streaming lights for the thursday night games in 2016 and amazon paid $50 million this past season. the nfl just sold the broadcast tv rights for thursday to fox for $3.3 billion. >>> uber isn't the only ride hailing company with an interest in bike sharing. lyft has partnered with baltimore to load hubs where you can pick up a ride or reserve a bicyc bicycle. the aim is to help you switch between mod

cnbc's seema moody has been following this. as we've been having the conversation politically about donald trump, his presidency, his administration, obviously the white house says this is market turbulence, believe long-term fundamentals of the economy are strong. what are you seeing from your vantage point on wall street? >> well, hallie, i can tell you that there is a heated debate taking place here on the floor of the new york stock exchange on the concerns over a growing def s deficit following the passage of that deal. some traders expressing concern on the economy, overheating and inflation running up way too fast. keep in mind consumer prices are still relatively low, but a lot of economists are looking three to six months out and saying, listen, we have rising growth, unemployment falling, that could lead to prices moving higher and that could push the fed to raise rates faster than expected. history has shown us when you have a rising rate environment, especially with rates moving faster than expected, that can have a

little later on in the show >> the initial lows, walmart is attracting 50 points or so lets get to seemaionody oe floor. >> the dow has recouped about t two-thirds of its losses that we saw in the sell-off. it is out of correction territory. it is still about 5% away, down to 80 points in today's trade. trading mixed after the latest read on inflation, germany is surprised of the upside, many asian markets are still closed for the lunar new year, the japane japanese nikkei is coming under pressure on the back of a stronger dollar. walmart is reporting a mixed quarter. revenues and comps both beat the street home depot had a big league thanks to a bump up in store traffic and a boost in ticket prices home depot is hiking its dividends up to 1.5% domino's profits by higher royalty -- it is lower right now by 5%. chipotle is getting an upgrade on the ceo change enthusiasm building as brian nicolls trying to revitalize chipotle's brand >> of course, lastly take a look at bitcoin is up 30% over the past, dieespite all the controversies of trading it is now above $11,000. >> thank you seema >>

. >>> seema mody has the european clothes. >> european stocks rebound from tuesday's session, helpedta shows eurozone fourth quarter gdp was up 0.6%, up 2.7 year over year. in earlier trade, inflation fears took center stage. at one point stocks erased gains, in reaction to stronger than expected jump in u.s. consumer prices last month in german through europe, markets shrugged off the news and regained momentum. yield on german ten year bond spiked on the u.s. inflation report, since has pulled back from highs 0.75%. the euro, interesting story, rebounded against the dollar after falling in negative territory. tomorrow, we get u.s. producer prices it will be interesting to see how european markets respond, given how interconnected markets have been as of late stock stories, credit suisse on guidance overshadowing third quarter annual loss, bank in the midst of three year overhaul says it is off to a good start to the year, double digit gains in global markets and asia pacific trading businesses as activity levels rose on market volatility stock up 4%. retail hitting pain. it is a ch

seema mody is looking at a sea of red on the european wall. >> europe started 9 day down 3% in response to the sharp sell-off we saw in asia, but once the u.s. markets opened and started to rebound, europe came off the lows, though still clouting be low the 50 and 200-day levels, that technical traders pay attention to the indetention now down about 7% off its all-time high let's highlight the vehicle markets. germany, france, spain, the uk losing just about 2% in today ace trading, for the year german,is leading the decline, as financials in particular continue to underperform deutsche bank the big name there. that's currently make juny one of the worls you'll see in asia, china, hong kong, south korea are still higher for the year. here's what a lot of traders say. it's the story that's still pretty strong, on average so fair in the fourth quarter of 11%. you have 51% profits there still being hurt, guys, back to you. >> thank you very much, seema. >>> president trump has been tweeting about the on the government, and the stock market is higher. by 32% the white house saying about sto

seema mody has been covering that. >> the pullback was global japan, china, hong kong still in correction terr tire, down over 10% while india, brazil and russia are trading 6% below their recent highs the broader sell-off in emergen markets has materially been in line with the s&p 500, which god man sax is notable here's what's helping the broader e.m. story, organic growth are supporting deman for resources like russia and brazil, plus central banks are in the midst of easing global investors are looking to the bond market for direction. it makes emerging markets less appealing, because the average yield 6%, which of course is attractive when a you're looking at 2.9 here, but if that story inits, that may not be the case. >> thank you very much, seema. >>> stocking rebounding, now the best two-day gain, with investors seemingly going bargain hunty is paul hickey, cofounder of the spoke investment group let's start off with a question that comes to us in twitter -- is starbucks, a buy, sell or hold now what do you think about starbucks? >> i think this is an interesting question starbuck

. >> i'm seema mody in

bloomberg intelligence's seema forecast the margin is to be 8.8% of the midpoint for 2018, 70 basis pointst year. you can see the operating margin has been in a range between six and 14 on a quarterly basis, but would still represent a decline year-over-year. that appears to be the main issue here for analysts in today's session. but we would have thought with tax reform -- shery: we also thought with tax reform, and higher wages as well, they would have a brighter outlook. julie: the outlook is good, but they are reinvesting some of that money into the business. i want to point out as well, the volume on the stock today. you can see the year charts on stock cap had a big run of going into today's session from the lows last summer. it is up 40%, but the volume today is about double the average over the past year, and we are halfway into the session or so. though you can see the blue line here is where volume tracks on the 20 day average. this line is where it is today and where it is protected -- projected to go by days end. you have the tumble on an unusually have any -- heavy trading vol

. >> thank you very much, seema. two reports on outflows from u.s. equities this week.ank of america says the $2.4 billion has come out of domestic stocks not today, though. dow up 308 points at the moment. $4.6 billion came out. here we are. >> session highs we're looking at right now. >> all the other major averages are also seeing big inflows today. let's talk about where the buying and selling has been this week >> joining us on what he's seeing on this front is victor jones, director of trading at td ameritrade victor, good to have you here. what do you make of the fact that we'll see the major averages finishing positive for the week today as we kind of rally into the close, it looks like, and yet we saw outflows over the past week are you seeing the same thing with your clients? >> first, let's talk about that volatility you talked about. 2732, the number in the s&p 500 to keep your eyes on that's where we closed last week to your point, looks like we'll close positive here. let's talk about the range, though we only saw a 50-point range from high to low this wee

i'll be on the conference call as well with the details back to you. >> seema, real quickly on that,pedia, tripa. dvisor that just had a rough patch? >> yes. >> seems interesting priceline is holding up as well. >> expedia reported results two weeks back and stock dropped 15% on the back of disappointing earnings as well as guidance a different story for tripadvisor. sales beat, earnings missed and stock moved higher by 10% as nonhotel portfolio continues to expand, particularly in restaurants and experiences. it's only becoming an interesting story with online travel, especially as they expand outside hotels and into eateries and experiences >> yeah, and you wonder for priceline or booking, are we going to talk about a $2,000 stock? >> it was $2,000 at one point. >> i guess they're berkshire. >>> news alert from the white house with eamon javers. >> reporter: white house officials not commenting that jared kushner has had his security clearance downgraded from top secret to simply secret here at the white house. you remember this comes after that controversy of whether or not he cou

. >>> bitcoin prices falling below the key $10,000 mark seema modi at the hq. >> and i care.itcoin, just when we thought we were out of the woods, right around $10,000, down about 4% on the day. federal reserve bank of new york president william dudley cautioning investors that the surge in cryptocurrencies is dangerous. saying, quote, there is a bit of, i would say, speculative mania around cryptocurrencies in terms of their valuations which i view as pretty dangerous because i don't see what the true underlying value of some of these cryptocurrencies is in practice dudley did not single out a specific crypto, like bitcoin, but his comments come sort of as a sharp contrast to u.s. regularities at the s.e.c. and cftc, who have been much more receptive to cryptocurrencies. separately, traders who apply technical analysis to bitcoin charts say, we're seeing some signs of weakness with a head and shoulder pattern playing out. bitcoin now down 40% from its recent high in mid-december. it's not just confined to bitcoin today. we're seeing other cryptos like ripple and lytecoin als

i'll take it, thank you, seema mody >>> when we come back, carl joins us live from the winter olympicspyeongchang, south korea. he got sideline time with athletes from all over the world and he asked them what else about bitcoin? take a listen. ♪ >>> i do not own bitcoin, no, i don't. i stayed out of that whole whatever it is i don't even know what it is >> i don't own any of. i heard it it is a cryptocurrency there are a few people that visit. for me to use it, i will see how it goes. >> i hear about bitcoin. but i'm not interested about bitcoin. >> i have had to buy recently. first one was recently >> i have friends that trade on it but i don't own it i don't own any, unfortunately >> i'm not so sure i heard so much about it i don't know it seems like it's too late to jump on it or get on the train, you know >> from what i read, it dropped recently again it was really high a couple weeks or months ago. i don't know i haven't really paid that much attention to it other than you talking to me about it >> no, i don't own it's not so popular in belgium but apparently i missed meinbeusyor

but they seema noid. >> sounds like a lot of junk. why would i need to recharge a dog collar?t? hi, lisa. >> because you're thrifty. i don't know. good morning, reggie. we are looking at the same weather if you're in the east bay and the south bay. change is occurring this morning. how about 23 degrees cooler in the shoreline area. from pacifica to half moon bay, in the upper 30s. in the mid-50s downtown. high pressure our dominant weather feature for today into the weekend. there's a weak system over the high bringing us cooler weather, breezy winds slightly today but more so the cooler weather at the coast. more so on the weekend. a live look outside and you'll notice that we are looking at temperatures in the 40s here from santa rosa. 47 in napa. 40 by the delta. it's 50 in concord. livermore at 43. from our south beach camera, we're looking at not only the clear conditions but cool at the coast. that will be the trend throughout the afternoon. cooler and windier on the week yechbltd mid-70s from the south bay, the peninsula, breezy in the afternoon. 73 san mateo and you wi

. >>> let's get to seema mody with the european close >> really seeing a global reaction to rising yieldsropean shares seeing their biggest weekly loss in six months led by germany which is off by triple digits. deutsche bank, largest lender, reporting the third consecutive full year loss sales and trading revenue declining 27%. deutsche bank off by 11% just this week. but putting this week's selloff into perspective, european stocks with the exception of germany still higher for the year russia, though, is the bright spot up 8% ahead of its presidential election which is set for march 18th guys, sending it back to you >> okay. we'll take it. thank you. >>> let's get over to sue herrera for a quick news update. >> good morning, david again, here's what's happening at this hour los angeles police now say a shooting at a middle school that injured five was an accident a 12-year-old girl brought a loaded gun in her backpack and it went off whether she drop tlad pack. police booked the girl on negligently disarming a fire arm. >>> north korea warning against u.s.-south korea military drills a

back to you. >> seema, thank you very much. all of the market volatility this past week started over concern about how much the fed would raise interest rates and how fast up next, a closer look at what the fed is thinking and where rates could head "power lunch" comes right back after this it's a race against time. and keeping it in the right conditions is the best way to get that fish to your plate safely. (dane chauvel) sometimes the product arrives, and the cold chain has been interrupted, and we need to be able to identify where in the cold chain that occurred. (tom villa) we took our world class network, and we developed devices to track environmental conditions. this device allows people to understand what's happening with the location, but also if it's too hot, if it's too cold, if it's been dropped... it's completely unique. (dennis woloshuck) if you have a sensor that can keep track of your product, it keeps everybody kind of honest that way. who knew a tiny sensor could help keep the food chain safe? ♪ >>> the market

. >> great thanks, seema mody back at hq.'s get to sue herrera >> good morning, everybody here's what's happening at this hour the international olympic committee says not so fast it might not necessarily invite the 28 russian athletes who won their olympic doping ban appeal to compete in the winter game. not being sanctioned does not automatically confer the privilege of an invitation to the games. >>> ups announcing it ordered 4 14 boeing cargo planes and 676 aircraft to provide additional capacity for its increasing demand and this comes in addition to 14 cargo planes that they ordered back in 2016 all 32 planes will be delivered by 2022. >>> and lowe's says it's giving bonuses up to $1,000 it's the latest company to invest in the workers since the tax overhaul it will be sweetening benefits for maternity and parental leave. >>> and mitsubishi recalling 141,000 outlander suvs because the engine belt can detatch draining the battery and causing the engine to stall. it covers the 2008 through 2012. you're up to date. that's

thank you for joining us, david barnes >> thank you for having me >>> let's get to seema mody and check how europe is going to close. >> getting the chance to react to yesterday's fed minutes, european stocks are mostly pulling back on the worries about higher interest rates. you can see the german dax back in positive territory. keep in mind we did get weaker than expected german business confidence and a downward revision of fourth quarter gdp adding to that negative sent sentment policymakers won't change their forward guidance any time soon they also expressed concerns about a potential currency war with the united states and said volatility in the euro is a "sort of uncertainty which requires monitoring. the euro higher at 123 against the green back stocks, one of the bright spots is barclay's the british bank announcing plans to resume paying the full dividend despite missing with the 2017 earnings. that stock up more than 4% but a much different story for finland's rovio. they're known for angry birds games plummeting after warning on profits and revenue on 2018 saying they expec

. >> courtney, thank you very much >>> let's get back to hq and seema mody is there with the europeanke, european stocks mostly higher led by technology as we enter a week in which politics and central banks will take center stage in an address to the european parliament, ecb president mario draghi says they have yet to show signs of upward adjustment with politics, germany reacting to china's jili buying a 10% stake in daimler recollectors say the deal should not be used as a gateway to advance chinese policy interest. that stock down .2%. germany chancellor afrngela merl brought closer to a fourth year term the lowest level in a movement sticking with politics, italy's general election less than a week away. the polls show that it's unclear who will win the election. remzi leading the democratic party. he was the former prime minister and voters rejected changes to the constitution bett better lus xoeny is back and the youngest of all contenders is di maio the big topic of discussion is immigration and taxation ahead of that vote on sunday back to you. >> we'll be watching that all

. >> thank you very much, seema. appreciate it. as we head to break.'s check out shares of broadcom and qualcomm. broadcom sweetening the bid to rival of over $121 billion shares of qualcomm down 3% broadcom higher by 2.6%. a quick look at the dow as we're slipping again, now down triple dints. 110 points lower more ahead on how to play this volatility straight ahead on "squawk alley. energy is changing fast and we're changing with it. building a smarter grid, investing in new technologies, that's aep's road to the future. and the international brotherhood of electrical workers helped make that happen. the ibew's outstanding union professionals have the skills and training to get the job done right. that's good for our customers and for our bottom line. ibew members are our power professionals. they should be yours as well. >>> hello, everyone. here is your cnbc news update at this hour. syrian activists say 23 civilians have been killed in intense government air strikes on a rebel held suburb near damascus first responders team releasing the footage s

. >> seema, to that end, we were hearing this was somehow going to lead to a faster end to the probeust the opposite has been done by its release? >> i think it could be, because the memo sort of contradicts itself. they're arguing that the fisa warrant and the russian investigation was kicked often because of this dossier by christopher steele. the memo also mentions the contact that papadopoulos had that preceded that, that took place in december of 2016. so i don't think this ends anything. >> what about republicans, phillip, some of whom are making the case that this memo proves bias against this president. is there anything to that? >> so what we know is we know that there was this former intelligence officer, christopher steele, hired by a firm called fusion gps on behalf of the democratic national committee and hillary clinton. steele went out, talked to sources, compiled these memos and said, hey, i need to tell the fbi what i'm hearing. it's not clear steele knew who was funding the work he was doing. so the representation in the memo by the republicans is that this informat

bitcoin breaking below 7,000 seema mody back at hq. >> brian, investors are growing anxious ahead of tomorrow's hearings the sec and cftc will testify in front of the senate banking committee at 10:00 a.m the topic regulatory oversight of virtual currencies. jay clayton will be asked to assess the risk in the crypto space, that means bitcoin and other currencies its commentary on bitcoin and crypto exchanges has been limited. traders will be looking for some type of guidance on whether regulators will pursue a specific strategy like regulators in china and south korea. bitcoin lost over $1,000 in today's trade and is down about 65% from its mid december high but to put this move into perspective, this isn't the largest drop that we have seen in bitcoin it did lose over 90% back in late 2011. also worth noting, the selloff today not confined just to bitcoin. the rivals ether, light coin and ripple suffering double digit decline. >> thank you very much. >>> for more let's bring in michael boucella he's manager director of block tower, managing crypto investment fund. michael, people go

te effort is being led by seema verma, who presidemp appointed to lead the centers for medicare and medicaidvices. verma once worked for governor pence in indiana, where she tested out her conservative policies, like coverage lockouts and monthly premiums. now she's taking her vision even further, by allowing states to impose work requirements and making smokers pay more for public insurance.st the admition has approved kentucky and indiana's plans and at least eight other states have submitted similar requests.t vocates for the poor have protested loudly in recent months, saying many will lose coverage. nationwide, 60% of medicaidpi recients already work.te and advocasay the ones that don't usually have a good reason for not having a job becauve they're care, students or in drug recovery. at the heart of the debate are anople like antonio berlanga. he's 60 years ollives in clinton, indiana and spent most of his adult life without health insurance. indiana first expanded medicaid coverage to a small number of poor adults 2008 as the recession decimated the state's economy. then in 2015, gove