i'm silvia amaro here are your headlines.he stoxx 600 is posed to close the week on the back foot with the status of u.s. futures lower as they look at the december cut when jay powell said the central bank is not in a hurry >>> european pharma stocks equal losses after president-elect trump taps rfk jr to be his secretary of health. the democratic senator ben cardin tells cnbc that trump's cabinet picks are troubling. >> some are quite shocking they are appointed to agencies they nt to abolish it's a strange pick for at appointments. >>> the uk barely holds on to growth in the fourth quarter with the chancellor rachel reeves expressing dissatisfaction. >> at one point, the chancellor made yesterday the importance of the debate of risk and the importance of taking risk in the economy to pup support growth a innovation and companies that want to scale up. >>> a mixed picture for the chinese economy with the stimulus measures boosting retail sentiment, but the country's key industrial segment continues to see weakness. >>> i wa

i'm silvia amaro and these are your headlines. the u.s.resident joe biden reportedly gives the green light for ukraine to use missiles to strike inside russia marking the policy shift at the end of his time in office. >>> and jinping warns they will not succeed. >>> meanwhile, european measures come off the worst session in two weeks with the trump trade struggling to keep up momentum. >>> this as the outgoing u.s. secretary-general telling cnbc strick does not turn his back on the climate transition. >> just because there's a change of leadership in the house does not mean the united states is not all in on the energy transition. when i say that, i'm talking about the states, the cities, the non-governmental organizations and business. >>> very good morning. we start today's show looking at the latest on the geopolitical scene with president joe biden authorized that ukraine will use, could use long-range missiles provided by the u.s. to strike inside russia marking a significant shift in white house policy according to several reports, i

i'm silvia amaro and these are your headlines.uropean equities make strong early gains and more green on wall street after a week that saw the trump trade fuel the dow and the s&p 500 to new highs. >>> continental sales soar as the company confirms the metrics ahead of expectations. >>> and the chinese consumer inflation hits the lowest level in four months while factory deepens despite stepped up stimulus measures. >>> and in hgermany, the chancellor olof scholz is looking to move up the confidence vote paving the way for snap elections sooner than later. >> translator: if everyone sees it that way, then it's not a problem to hold a vote of confidence before christmas. >>> very good morning, everyone. we start today's show looking at the equity session in europe because we are witnessing a change in narrative among european investors this morning. at this stage, you have the stoxx 600 trading above 1% and just for some context here, the stoxx 600 ended the week last week down .8%. so, there's a difference here in mood as we start

i'm silvia amaro.ere are your headlines. donald trump pledges tariffs on canada and mexico and additional 10% tariff on chinese goods. >>> european equity markets slide into the red as trump takes aim at the trade partners with the carmakers caught in the crossfire. >>> the dollar jumps as trump sets a new trade war. the greenback climbing against the peso and hitting the highest level against the yuan since july. >>> and it will continue operating the country on anti-drug measures. ♪ >>> time to get a check on how we are trading so far this morning across the european bourses. european equities have been trading for over an hour and a half and thus far we have seen red across the board really. the benchmark stoxx 600 down .60%. investors reacting to the announcement from the president-elect of new tariffs, i should say, against canada and against mexico and also against china. let me take you to the different bourses to get a better idea of what is happening so far this morning. we are seeing consider

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i'm silvia amaro. here are your headlines. shock poll puts kamala harris ahead in the republican leaning state of iowa throwing the so-called trump trade in doubt and sending the dollar down as the polls look to a dead heat a day before americans head to the polls. >> we stand on the verge of the four greatest years in american history. >> we have the opportunity in this election to finally turn the page on a decade of politics driven by fear and division. >>> investors hold their breath ahead of tuesday's vote as the stoxx 600 trades along the flat line. >>> oil majors track crude prices higher as opec and its allies agree a one-month delay to output hikes. the secretary-general tells cnbc the group is keeping its options open. >> we take decisions whereby we have the ability to oppose them, reverse them or change them, even if necessary. this is nothing unusual that has not been, let's say, part of the modus operandi of opec plus since our agreement has been in place. >>> and nvidia shares jump pre-market as the a.i. darling

i'm silvia amaro.ere are your headlines. >>> christian lindner putting the country on course for a snap election. calling for a confidence vote as soon as possible. >>> the trump trade takes wall street with major u.s. indices closing at record highs. the dow rallying 1,500 points driven by bank stocks after kamala harris concedes the election. >> i know folks are feeling and experiencing a range of emotions right now. i get it, but we must accept the results of this election. while i concede this election, i do not concede the fight that fuelled this campaign. >>> the race for the u.s. house majority remains in balance with the republican party nine seats short of completing a sweep of congressional powers. >>> and the banks cuts on the central bank super thursday with the rate decisions still to come from the fed and bank of england. we will hear from bank of england governor andrew bailey at 16:00 gmt. >>> we start today's show looking at the latest political developments out of germany where the ch

money set up >>> let's see how europe is shaping up as it gets its trading day under way with silvia amaro in the london newsroom silvia, good to see you. >> that's right. very good morning, frank it seems european investors have set aside concerns about the protectionist tones from the united states. today, they are a lot more focused with the earnings out of europe let me run you through the top three stocks we are monitoring this morning starting with siemens. the net income soared to historic high in fiscal 2024 however, orders dropped on a comparable basis the giant warned of geopolitical risks on the horizon shares are up 8% at this stage i also want tie o take you to t luxury space burberry presented a burberry forward strategic plan which seeks to improve performance and reignite brand desire. look at it burberry shares up 14% it is among the top gainers at this stage in the tech world, asml is doubling down on its 2030 goals confirming its annual revenue targets of 44 to 60 billion euro or 6 to 18% growth the gross margin up 16%. asml shares rallying at this stage up 5%. frank. >>

silvia amaro has more. >> very good morning, frank. i have two market narratives to tell you about today. let me tell you what happened in the asian session today. we saw a strong performance across the asian equity space as the chinese government told wall street executives at the global financial leaders summit in hong kong they will move ahead with capital market reforms. this as the country's vice premier pledged stimulus benefits for hong kong. however, when you think about how we are trading in europe, investors are focusing on the geopolitical space, frank, because we were lacking direction in the european equities this morning. however, as we got to the developments on the geopolitical scene, we are seeing the european bourses lower. dax is down 1%. the cac 40 is down 1.2%. when you think about the ftse mib, also down almost 2%. that's the italian market. let me show you how the different sectors are trading at this stage as we continue to monitor what's happening here starting with the best performing sectors. ies up .75%. let

impact in healthcare stateside and that is having an impact on the european healthcare names >> silvia amarothank you very much for that. we will stick overseas and new signs that beijing's stimulus efforts may finally be paying off. eunice yoon joins us now >> reporter: retail sales came in at 4.81% from a year ago from estimate of 3.8% part of that is the week long holiday and the other factor is the cash for clunkers program. that helped sales on singles day. the rest of the data weighed down sentiment the fai, fixed asset investment and factory output missed. property investment bank 10.3% from a year ago. the biggest decline from a year ago. new home sale prices fell the most since 2015. new home sales mirrored declines at minus 20.9% from a year ago versus 22.7% in september. the government said this improvement, they said, active improvement is because of the policies, but a lot of economists, dom, say consumer spending really can't recover more fully or sustainably unless confidence is restored in the property sector. so, a lot of folks here think there's supposed to be more stimulus

it's time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from londono see you. the three major indexes are on track to post losses this week. tell us about that and how the market is shaping up this morning. >> very good morning, john. indeed, it has been a negative week really for u.s. equities. and, in fact, looking at yesterday's performance there was pressure really across all of the major indices, but the focus was actually on the tech sector, as we heard from several of the big tech companies as they reported their latest results. and indeed, investors were a little bit disappointed with their number. so as a result we actually saw the whole tech sector ending yesterday's session down by almost 3.6%. today, though, all eyes are on economic data. we're putting earnings to the side for the time being. and, indeed, we're going to get the latest non-farm payroll pictures. we'll see what wall street will be saying about the numbers. >> this one is the last jobs report before election day here in the u.s. give us a sense as to what expectations are. >>

i'm silvia amaro. here are your headlines this hour.ean equities fall in early trade adding to negativity from the asian session despite gains from wall street. the momentum from donald trump's victory pushes bitcoin to the fresh record high just shy of $90,000. >>> soft bank returns to profit in the second quarter beating expectations amid strong share price gains in the listed vision fund companies. >>> bayer shares slump to 20 year lows as the company cuts outlook for the crop sciences unit saying the agriculture market has been weaker than expected. >>> and infineon shares reverse course bouncing higher despite warning of slower sales in the coming fiscal year. the cfo tells cnbc long-term trends remain positive. >> there's a very healthy strong demand that before the demand can be translated into new apparent higher revenues, you need to first digest it. >>> now we are looking at quite a negative session thus far for european equities this tuesday morning. look at the stoxx 600. we are now down .7%. yesterday, actually, the benchma

let's get more on the latest news europe with silvia amaro. >>> good morning, frank.uropean investors have been reacting negatively from the announcement from president-elect trump with the tariffs on china and canada and mexico. on the one hand, they fear there could be tariffs coming for the european economies and on top of that, there could be ramifications for the european exporting companies. looking at the cac 40, it is the main bourse at this stage and lowest down .60%. some of the french companies have a lot of exposure to the chinese chinese chinese markets. it could impact the french companies there. let me take you to the sectors where we have pressure off the back of the announcement from the president-elect. looking at the carmakers. volkswagen down 2%. similar moves for bmw and we're also seeing similar moves when you think about the drinks makers. prurs pressure in that part of the market with the investors fearing ramifications from the announcement of donald trump into some of the companies like diageo. frank. >> silvia amaro with the look at the euro

i'm silvia amaro and here are your headlines.he germany industrial con grom last gets hit by a $1 billion impairment charge on the struggling steel business. >>> nestle lowers it's 2025 profitability target while ramping up cost cutting measures with 200 billion francs in savings by 2027. >>> the uk ftse 100 out performs, but investors continue to feel the pressure as equities fail to follow the asian counterparts higher and the u.s. futures point to a muted start on wall street. >>> the president-elect donald trump taps sean duffy to head up the transportation secretary as the transition team infighting. >>> time now to get a check on how we're trading so far in today's session. looking at the benchmark stoxx 600, we are currently moving lower. yesterday, the stoxx 600 ended the session marginally below the flat line. at this stage, we are seeing more considerable losses with the stoxx 600 down 1%. let me take you to the different bourses to get a better picture of what is happening across the european continent. earlier today,

i'm silvia amaro. and here are your headlines. president-elect trump picks the new defense and intelligence heads. but is elon musk who once again draws attention taking up leadership of the new department of government efficiency. >>> siemens energy shares surge on track for their best day ever as the german company raises its midterm outlook after reporting a record order backlog. the ceo christian burch tells cnbc there's still work to do. >> we are not there yet where we want to be. but we gave an outlook really where do we want to go. and obviously where are we playing a role for the energy transition on the one side and this massive demand increase which we see on electricity side. >>> and germany gets set to vote on february 23rd after the collapse of chancellor olaf scholz's governing coalition. the cdu mp david mcallister is confident the party can deliver change. >> i strongly believe that my political party will become the strongest force and it's up to us to form a stable government. the european union depends on the p

it's positive news today, but let's see what the futures holds for boeing. >> all right, cnbc's silvia amarok you, silvia, we'll talk to you again tomorrow. >>> next up here it appears fewer people have been attending donald trump's recent rallies. we'll get back to politics and we'll dig into what might be causing those smaller crowds when "way too early" comes right back. when "way too early" comes right back i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. don't mind me. i'm just the flu. i'm quite harmless, really. and when people ask, “but aren't you linked to dangerous flu complications like pneumonia, heart at

we hhave silvia amaro in london and eunice yoon in beijing. silvia. >> very good morning, frank. you just highlighted there on wall street last week. just to give you an idea, the european benchmark stoxx 600 ended last week down about .8%. look at it now. we have all of the major bourses trading in the green so far this morning. i would highlight the performance in germany with the xetra dax up 1.2% at this stage. this despite the political uncertainty we are seeing out of europe's largest economy. let me take you to the different sectors as well so we understand how strong this performance is for european equities so far today. now, we have at the top the best performing sector of construction and materials. we are seeing strong gains for chemicals up 1.6%. some of the moves, frank, are related to the earnings we have received so far this morning, but let me take you to the worst performing sectors. we have for all of the sectors in the green. even looking at the worst performing sectors, even those are trading in positive ground. basic resources just marginally flat at this st

silvia amaro is in the london newsroom silvia, good morning >> good morning, frank indeed, it was a veryenging month for european equities we saw the stoxx 600 actually down by more than 3.3% in the month of october however, look at this. today, we are actually tracking in the green we are seeing the stoxx 600 up about .6%. indeed, we have green across all of the major bourses this as investors are focused on economic data because the earnings season seems to be dissipating at this stage. let me take you to the different sectors to see the corporate stories this morning in terms of the sectors, oil and gas stocks are up 1.4% at this stage. we are looking at higher oil prices and that is boosting the oil and gas companies at this stage. we are also seeing a lot of green with banking the whole sector up 1% off the back of several earnings this morning. let me take you to the worst performing sectors we have ha lot of pressure with travel and leisure names the sector down .50% here, we are looking at the stock called lufthansa after hsbc actually cutting their rating on this stock so, some

silvia amaro is live in london. good morning. >>> good morning, frank. t is a new trading day for european equities. the stoxx 600 made 1% gains on monday. at this stage, all of the major bourses trading in negative territory. i would actually highlight the per performance over in france. we are down 1%. investors are very much considering what a new trump presidency could mean for european equities and there are concerns about a more protectionist united states. let me also show you how we're trading in terms of the different sectors at this stage. at the top, we have tech stocks up almost .9%. we are also seeing a little bit of upside for defense names across europe. indeed, with investors expecting that a new trump presidency could actually mean that we'll see more spending in european defense going forward. in terms of the worst performing sectors, this is what we have at this stage. basic resources is the worst performing sector down about 2%. here, though, investors are tracking lower metal prices, but let's not forget, frank, there is a lot of ppo

. >>> time now for business, and for that let's bring in cnbc's silvia amaro who joins us live from londonrning, silvia. so donald trump's decisive victory in the u.s. election is driving gains in the global markets and wall street really took off yesterday. how are things looking this morning? >> well, a very good morning, john. indeed at this stage futures suggest we could see a positive start for wall street this morning as well after what was a very strong session on wednesday. we saw the dow, the s&p, the nasdaq all of them hitting fresh record highs during the session, and even for the smaller and medium caps, the russell 2k index also ended the session up almost 6%, so we saw strong gains across the board. however, today the focus seems to be shifting really away from politics, and investors seem to be turning their attention to really monetary policy. we're going to hear from the federal reserve later today. on top of that initial jobless claims as well as consumer credit figures are also due to be released, so plenty to monitor, john. >> as you just mentioned, investors are lookin

let's go live now to our silvia amaro joining us from the office in london with more on this.ilv, walk us through the key issues on the ground as we see donald trump returning in the u.s. >> the meetings in hungary were the first opportunity for european leaders to basically come together and discuss the outcome of the u.s. election. we know the result, a new trump presidency, poses a challenge for european unity. let's see if the 27 will manage to remain united on issues such as support for ukraine and issues such as potential trade tariffs as well. one source told me yesterday the leaders did believe they could find some common ground with donald trump, particularly when it comes to issues such as china and defense and a broader i inve investment. let's see indeed what will happen. this morning, we got the chance to hear from the outgoing president of the council charles michel. he said all leaders want to work closely with the united states. >> i'm con frinsed edvinced al want to work would the united states. we had a good debate yesterday, on all top partictopics, includ d

i'm silvia amaro here are your headlines. sshlgs siemens expect sales growth in the coming year.ey are well positioned >> we are acting out of a position of strengths despite the difficult environments, we are guiding for growth in the coming year. we are very much looking forward to another good fiscal year 2025. >>> and burberry surging with shares now on track for the best day since march 2020 as the embattled luxury giant launches an urgent turn around plan pledging 40 million pounds of cost savings and renewed outlook on the terwear business. >>> and u.s. inflation expectations and david einhorn warns of further price pressure at cnbc's delivering alpha >> we increased our bets on inflation. i think we will have another up in inflation i think what the policy mix that is proposed is inflationary. >>> and president-elect trump makes a shock pick for attorney general tapping controversy matt gaetz and the republicans will maintain control of the house in washington >> politics is tough and in many cases, not a very nice world it is a nice world today and i appreciate it very m

silvia amaro live in the newsroom. >>> president-elect announcing key cabinet picks including his long-awaitedice for treasury secretary, scott bessent. he beat out the front-runner for the job who is now in line for possibly other positions. scott bessent is the founder of hedge fund key square management and before that he spent most of his career at soros capital management including working as cio from 1011 and 2015. he has been a defending of trump's economic policies including tariffs and extending the 2017 tax cuts. following trump's win earlier this month, he laid out his vision for tariff implementation while pushing back on the idea it will lead to more inflation. >> my view and, you know, i don't have a say now, yet or maybe ever, but is that the -- you know, i would recommend that tariffs be layered in gradually, which would -- the price adjustment would be over a period of time. but i think if you take that price adjustment coupled with all of the other disinflationary things president trump is talking about that we're going to be at or below the 2% inflation target again. >> bess