i'm silvia amaro. "worldwide exchange" is coming up next. what is cirkul?irkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. it's hard to run a business on your own. make it easier on yourself. with shopify, you have everything you need to sell online and in person. you can have your inventory, payments, and customers in sync across all the places you sell. it doesn't have to be lonely at the top. join the millions to finding success on their own terms. start your journey with a free trial today. >>> it is 5:00 a.m. here at cnbc global headquarters. i'm frank holland and here is your "five@5." >>> half a trillion down and counting. nvidia is trying to bounce back after the historic stock slide and some are worried the a.i. chip trade is falling. >>> and looking to bounce back from the worst day in weeks. futures are trying to hold on to gains. >>> secretartor sliding. airbus is drankgging the entire sup

'll silvia amaro, and here are your headlines. tuesday moves lower while u.s. futures point to a higher open on wall street. investors are eyeing where nvidia goes from here after shares bounced back from a multi-day half a trillion dollar sell jaufl. volkswagen shares sent off although shares in the german carmaker hit a bump after it announces an investment up to $5 billion after the startup. >>> meloni steps in. cnbc sources confirm they're set to stay. >>> the leader of france's three political blocks clash in a tv debate, accusing each other of unrealistic spending promises. >> translator: the difference between my competitors and me is that i'm prime minister and i don't want to lie to the frens. . i don't want to promise them the moon. >> translator: i'm hearing you, littering out budget discipline despite you now have the biggest debt in the eurozone. >>> welcome to "street signs" on this wednesday morning where we're seeing european equities trading higher. we have the stoxx 600 currently up by about 0.6%. a totally different narrative from what we had

i'm silvia amaro and these are your headlines.he year extend losses while the french services sector falls deeper into contraction territory. >>> imf managing director tells cnbc exclusively that europe is on the right path, but must seize the opportunity of the single market or must risk losing out. >> europe looks like an ideal supermarket for the united states. a lot of what is invented here is commercially viable and scale over there. when you look at the main obstacle, 27 countries not yet integrated in a single market. >>> bitter taste for investors as carlsberg shares lose the fizz with the takeover bid of more than 3 billion pounds. >>> uk retail sales surprise to the upside potentially forcing a rethink at the bank of england a day after it left the door open to a potential rate cut in august. >>> welcome to the show, everyone. we start today's edition looking at the latest pmi data out of the eurozone. the flash pmi came in at 45.6. that is actually below what markets were expecting going into this data release. it also

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cnbc's silvia amaro joins us with the details. not too much of a surprise when it comes to that hybrid study. >> that's right. and good morning, frances. many people will enjoy this one. so according to the latest study a three day in office schedule performs as well as if not better than fully in office work. that's according to the largest study to date in terms of hybrid work. the same study also showed that a three-day in office approach improved the retention and satisfaction in key areas such as marketing, finance and engineering. now, elsewhere markets throughout this whole year have been asking the questionwhen is the fed going to cut rates. the latest comment on that is from kneel kashkari, he said on sunday that it is reasonable to expect that the central bank will cut rates once likely in december of this year. this is an important comment because kashkari has been one of the most cautious members of the fed in terms of telling us what we should expect on monetary policy front. but let's see, a lot will depend on upcomi

. >>> time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from londonly overnight following the federal reserve's latest interest rate decision and some consumer inflation data for may that came in cooler than expected. tell us more about the fed and how wall street's shaping up this morning. >> so at this stage, john, the futures suggest it could be a mixed start to it trading session on wall street. this is after we saw both the s&p and the nasdaq posting record highs during yesterday's session. a lot of that had to do with the latest cpi precipitate, which basically suggests that inflation was easing state side. but then after that, we also heard from the fed, and yes, the rates change but it's important what the fed said regarding potential rate cuts this year. ultimately what jerome powell suggested is that it's a close call between whether we're going to see or just one rate cut this year. so this is important for the markets as they're trying to digest the latest economic data and trying to picture what sort of monetary policy we'll get for 2024.

we have silvia amaro with more on the early action. lvia, good to see you. >> good morning, frank. indeed, we are basically on track to see the stoxx 600 ending the week up by about 1.5%. however, looking at today's equity session, there's the fair amount of red across the board. looking at the cac 40 and the dax in the eurozone, they are down .50%. over here in the uk, we have the ftse 100 down by about .40% after the bank of england yesterday decided to keep rates on hold. however, investors are increasing their bets that we are going to see a cut in august. let me take you to the corporate stories this morning. one announcement from britvic. they stated the board rejected two bids from carlsberg at 12.50 per share. britvic said the number under values the company. it adds it will consider any further proposal on its merit. carlsberg is considering its position. we have carlsberg shares down 8%. britvic rallying up 10%. all in all, frank, this corporate story highlights the interest that we are seeing recently when it comes to some of

silvia amaro is in the london newsroom there. >> good morning, dom.irst and foremost, let's show you the asian session in the first trading day of the week. we saw mostly of the shares in asia in the red this morning. this is as investors are actually waiting what they will hear from the united states with the pce figure on friday. i want to take you to japan where we a actually saw the stos ending the session in the green on the back of the weaker yen. as we are seeing, investors are wondering whether we see further intervention from the japanese authorities in the currency market. let me bring you back to europe. this is how we are shaping up so far into the equity session. as you can see to my left, we have green across the board. this is likely to be a very busy week when it comes to political news. we'll bring you those throughout the week. i want to take you to the sectors to tell you more what we are hearing today in terms of the corporate developments. when it comes to some of the auto performance, it is out performing the rest of the market t

. >>> we have the latest from the london newsroom with silvia amaro.ood morning. >> good morning, frank. always good to see you. even at this stage, what we are having in europe is a different story from the equity session yesterday. the benchmark stoxx 600 ended monday's session up by ab about .75%. look at it today. we have red across the board. naturally, we are keeping a close eye on what happens in france. the cac 40 is down by .8%. we are approaching the first round of the parliamentary election which is due on sunday. we are seeing more pronounced moves in germany. the benchmark is down 1.2%. some of that pressure has to do with airbus. the company has cut its delivery and earnings targets for the year as the company faces supply chain and space system challenges. the planemaker expect to deliver 770 aircraft in 2024. that is down from 800 previously targeted. this announcement from airbus is already having implications for some of the peers in the sector. let me show you how some of them are trading. for instance, rolls-royce down 5%. thales is

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i'm silvia amaro and these are your headlines. >>> it's super thursday in europe.he central bank cuts by 25 basis points for the second meeting in a row as we await norwegian and uk central banks. we will bring you the boe decision time today. >>> european equity markets start the session to the upside with tech stocks leading the charge while the nasdaq is looking for a strong bounce in trade after the june teenth holiday. >>> and president macron has enough members to claim a top job. we will cross live to luxemborg and speak to portugal's representative. >>> and rishi sunak's polls suggestion he is on track for the lowest level seat total in the upcoming election. >>> we start today's show looking at the latest announcement from the norges central bank. the key policy rate has been kept at 4.5%. what we are seeing this morning out of norway is a note change from the central bank. this is actually in line with what analysts were expecting going into this meeting. however, a lot of analysts were looking at the probability of the rate cut was dmiere diminis. they c

i'm silvia amaro and these are your headlines.u and china try to head off a trade war agree to hold talks over the bloc planned tariffs on chinese electric vehicles. >> we are now entering a new phase where trade protectionism is rising in various forms, which is very concerning to us. >>> the eu opens up a new front in the antitrust fight with apple launching an investigation into the tech giant and warning its app store falls short of regulations. >>> the eu foreign policy chief says ministers will discuss the russian revenues to support ukraine. this is following a report that brussels could bypass hungary's veto. >>> the countdown is on. u.s. president joe biden will faceoff with former president trump in the first debate in the 2024 election campaign. ♪ >>> good morning, everyone. i hope you had a restful weekend. we start today's show looking at data out of germany where the ifo business climate crossed wires. we are seeing the reading at 88.6. this is actually lower from what analysts were expecting at 89.7. when you compar

i'm arabile gumede with silvia amaro in brussels with your headlines. >>> the european commission viceresident tells me in an exclusive interview that the eu antitrust rules can boost the domestic economy especially against global competition. >> we defend ourselves against unfair competition. the point is to realize we can never out spend china or the u.s. we can spend strategically. >>> still failing to reach consensus on the top job as the party calls for a slice of the eu presidency. >>> and opening in the green after the rally straateside puss the the rally higher after the 30th record close of the year. >>> far from perfect. boeing ceo dave calhoun preparing his mea culpa on capitol hill over the plane's shortcomings. >>> it is an exclusive european commission vice president commissioner which has told cnbc antitrust can be part of the mission to boost competitiveness and maintaining a level playing field should be a key focus for her successor. silvia has more which has been put into the conversation. silvia, run us through the highlights as much as possible. >> reporter: so, we

. >>> time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from london futures are up this morning after the nasdaq registered its worst day since april. what caused that drop? >> exactly. we still have a lot of pressure on the nasdaq particularly because of what happened to nvidia. their shares dropped about 7%, and it has lost the tag of being the most valuable company in the world. in terms of what we're looking at today, it's all about consumer confidence figures. they're due out 10:00 in the morning. on top of that we're also expecting to hear from three fed officials. yesterday maria daly said the fed must exhibit clarity when bringing down inflation numbers. the fed and the markets are trying to understand what's going to happen in terms of rate cuts this year. >> we'll certainly be watching that carefully. hitting some other stories now, a chinese fashion retailer giant has confidentiality filed for a public listing in london because it faces backlash here in the united states. tell us more about this. >> exactly. so one source confirmed to nbc s

it's time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from londonhtly as investors gear up for private payroll data due out later this morning. what are economists anticipating? >> so that's right. futures at this stage do suggest it could be a positive start to trade sessions today, though a marginally positive start to the trade session. and this is after we had quite a muted session on tuesday after that jobs data came in well below what analysts were expecting. just to give you some context here ultimately job openings came in at 8 million vacancies in april, and analysts were expecting about 8.4, so the data actually suggesting bit of softening really when it comes to the u.s. economy. today all focus is actually on adp figures. economists are expecting private employers added 175,000 jobs in may. let's see what will be the final figure. and on the corporate front it's a quiet day, however we are expected to hear from lulu lemon. they're due to post after the mavgt close. >> india's markets saw their biggest one day loss in four years after tha

cnbc's silvia amaro live from london, thank you so much. really appreciate it. still ahead another high profile democrat is planning to boycott israeli prime minister benjamin netanyahu's address to a joint session of congress next month. we'll tell you who that is next on "way too early." irs from my . gamechanga! ...while the flexdisc contours to it. so the five blades can get virtually every hair in one stroke. for the ultimate gillette shaving experience. the best a man can get is gillettelabs. if you have chronic kidney disease you can reduce the risk of kidney failure with farxiga. because there are places you'd like to be. farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract, or genital yeast infections, and low blood sugar. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking farxiga and call your doctor right away if you have symptoms of this infection, an allergic reaction, or ketoacidosis. ♪ far-xi-ga ♪ >>> the group of seven democrats is setting its s

time now for business, and for that let's bring in cnbc's silvia amaro, who joins us live from londonitive session on wall street yesterday that propelled the s&p 500 and nasdaq to record closing levels. tell us what's driving the markets? >> that's true. and good morning, john. well, the short answer really is tech. we saw yesterday the nasdaq posting its seventh straight session, positive straight session. on top of that the s&p also saw a fresh all-time intraday high. and this is actually despite? economic data suggesting a softening in the u.s. economy, so a lot of this had to do with this a.i. boost. we'll talk about this in more detail in just a moment, but indeed one of the main market events yesterday was the fact nvidia became the most valleyed for company on wall street. >> nvidia pushes out both apple and microsoft to get that title. tell us how it all happened. >> so the race is on between nvidia, apple, and microsoft. but at this stage nvidia clearly leading. they became the world's most valuable company yesterday after the shares climbed 3.2% at one point in the trading

it's time now for business and for that let's bring in cnbc's silvia a amaro who joins us liv from londonernight after a rough start to the week. what can we expect from wall street today? >> exactly. at this stage, however, futures suggest it could be a quat start to trading session on wall street, but this is after we saw a very interesting session ones. earlier in the week we had seen investors returning away from tech to some extent. we saw nvidia losing intag, the crown as the world's most valuable company. but all of that changed yesterday, and what we saw was investors piling onto further tech stocks. just to give you an idea the overall tech sector outperformed yesterday. it was up by almost 2%. now, going into today's session let's see what's going to happen. there are a couple of companies reporting, but we're also keeping a close eye on any comments from fed officials. yesterday some of them suggested that they were being quite cautious regarding the outlook for bringing down inflation, and ultimately as i've mentioned to you on other tays, there's a huge question mark among in

our silvia amaro is live in london with the preview on the barclays trading floor. good morning.hat's the mood there? >> reporter: good morning, frank. it is an exciting day for european markets. we are on the trading floor of barclays as this is a good example, really, of where a lot of the action is taking place today as we approach that key ecb meeting. i have been speaking to some of the traders. they did say as we approach the rate decision, things tend to get quiet and follows pick up significantly the moment we get the news. the markets expect a 25-basis point cut today from the european central bank. according to bay rclays, this wl start the cutting cycle of 150 points between now and june of 2025. this, frank, is really the question mark for the markets today. will the ecb provide us with guidance about the future of the rate path? all eyes are on the key meeting at lunchtime european time, and the message from christine lagarde. >> silvia, thank you. a lot of excitement as well. thank you very much. >>> the ecb decision is the driver for the day ahead. let's bring in t

silvia amaro is here with a lot of action in europe. ard, silvia. >> good itto see you, frank. it is red across the board. looking at the main board, we see move moves to the down side in italy and spain. one of the questions for investors at this stage is what will they hear from the ecb later on this week? i have to say weak manufacturing data from the united states is also contributing to some of the downward move we are seeing in europe. let me take you to india because the moves in the equity space are significant. we are seeing equities in the red as narendra modi's majority looks set to be smaller than expected. modi is projected to win a rare third consecutive term in office with counting in the world's biggest election underway. you see the nifty 50 down by more than 5%. earlier, i have to say it was down as much as 8%. looking at the sectors in the indian market, this is the picture as this stage. we are still seeing significant losses for instance with infrastructure down 10%. oil and gas down more than 11%. you can see that a

. >> silvia amaro is joining us more on this one out of brussels. silvia, if they are looking for unity, they are looking on the back foot with hungary not obliging. >> reporter: it depends how you look at it. in the words of the german chancellor, there were people at the table. there were two leaders not voting for ursula von der leyen as the president of the european commission. u ulti ultimately, the summit was efficient lasting one day rather than two. i don't get to say that quite often. it was successful in the sense they had the target of concluding these nominations of the top jobs before the end of june and they managed to achieve that as well. of course, now, the question mark is what will happen at the european parliament? ursula von der leyen will need approval by the european lawmakers. because the ballot is secret, there is a question mark if she will get the majority to get the second mandate as president of the european commission. all in all, though, it is worth noting the prime minister was upset with why the negotiations unfolded

i'm arabile gumede with ann annetteweisbach and silvia amaro in london. >>> the ecb is ending the tighteningycle. a former board member tells cnbc the north market is still adjuso the ecb cycle. >> now you see the opposite situation where the markets are a bit more hawkish than what we expect from the ecb. >>> looks like another day of green with european equities driven up by tech stocks which brought a rally across all markets. >>> and nvidia's market cap crossed the $3 trillion market cap while asml rallies to the number two spot in europe. >>> and d-day commemorated 80 years on as war once again casts a shadow over the continent. >>> so, we're watching the ecb this morning. we are counting down to what is expected to be the central bank's first rate cut since september, 2019. a pivotal meeting coming out today. markets are pricing in a 97% chance of a 25-basis point move lower today. it is all but been telegraphed by everyone saying unless something drastic happens, this is what you will see. the question is about the future. the cut is all but certain and attention to what is next. the

silvia amaro has more.lways good to see you. >> at this stage what we're seeing is a rebound in european equities, this also in the context of a drop in eurozone bond yields, but let me show you the main ones at this stage. we're seeing the ftse 100 moving up by 0.7. this is despite the gdp pr earlier this morning showing know growth in the month of april. we also heard from the prime minister unveiling 17 pounds in terms of tax cuts as we approach the election in uralearly july. the rebound is up 0.2%. jeffries is suggesting some parts of the french market is a good opportunity. with that in mind, let me take you to the sectors. one of the sectors that's suffered the most in the wake of a snap election call in france was the banking sector. at this moment, however, we are seeing baenking shares in europe up by about 1.1%. they are the best performer at this stage. however, on the downside. look at it. it's down 1.3%. the block is expected to unveil new tariffs on chinese evs, and that could have issues on

we have silvia amaro in london. good morning. >> good morning, frank.e are seeing european equities in the green. all of the major boards are trading higher at this stage. we are seeing more momentum in france and italy as we await key central bank decisions. today is super thursday here in europe. the swiss national bank has already announced it is cutting rates by 25 basis points for the second meeting in a row. it is reducing its key policy rate to 1.25% and the norway central bank held steady saying it expects rates to stay at the current levels for the rest of the year. the bank of of glengland will re rates later today. it is expected to keep rates on hold despite the target yesterday. you have the moves in the currency space in the wake of the announcement from the snb. we are seeing a weaker swiss franc. do t dollar is higher at this moment. we are seeing downside momentum in this space. we have sterling/dollar at 1.26 francs. ear earlier, it was 1.27 handle the. a little bit of pressure on sterling. let's see what will happen, frank, when we ge

for that let's bring in cnbc's silvia amaro, who joins us live from london. good morning, silvia.ors anxiously await the federal reserve's interest rate decision and consumer inflation data for may, both coming later today. what should we expect? >> exactly. it is a very busy day for equity markets. but, indeed, futures do suggest it could be a bit of a higher start to the trading session on wall street. this is after we saw a mixed session on tuesday. however, the s&p and the nasdaq, they both posted fresh record highs. and a lot of that had to do with tech -- tech sector being the best performer yesterday. now today, as you mention, all eyes are both on the cpoo print and the fed rate decision. when it comes to inflation data the expectations that we'll see annual rate of 3.4% and change from the previous reading, but know that investors will also be keeping a close eye on the commentary from jerome powell. now, previously the fed had guided we should expect about three rate cuts this year, however going into today's rate decision markets expect the fed will go for lower rate cu

time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from london.ng week on a high note. what's driving the market? >> on a slightly higher note for the time being, though, but it does seem we're going to see a positive start to the trading session on wall street, this after we saw a bit of a mixed session on friday, however. by looking at what's in store today, we're going to get new manufacturing figures from the dow and fed. on top of that, we're going to hear from two members of the fed. of course, this is very important because investors are very keen to understand what the fed is going to do this year in terms of rate cuts, however, i have to say the big market event this week is likely to be the pce data release that's due on friday exactly because that number is also closely followed by the fed, and as i was saying earlier, investors are trying to piece together, trying to understand whether we're going to get that rate cut from the fed at some point this year. >> so a tough headline here. homes in the united states are the most expensive th

it's time now for business, and for that let's bring in cnbc's silvia amaro who joins us live as alwaysk futures appear mixed this morning following a fresh record close of the s&p 500. so what is the sense as to what will drive the day on wall street? >> indeed at this stage the futures are lacking a strong direction, but that is after we saw both the nasdaq and the s&p hitting fresh record closes on thursday. so a positive week thus far for these two parts of wall street. having said that today, however, things seem to be a little bit calmer. we're only expecting consumer sentiment and import figures due today. let's see what the markets will do in the aftermath of that data. but yesterday was an interesting session because we got the ppi figures, they actually showed these declines, 0.2 points last month. on top of that we also saw new weekly filings for jobless claims coming in at a ten-month high. and that has led some analysts to suggest that the fed is being too slow in terms of considering those rate cuts. let's see what will happen for the rest of the year, but no doubt that th