i'm steve sedgwick. these are your headlines.f the jeju air boeing jet is the worst air disaster in south korean history. boeing shares are 2% lower in early frankfurt trade as a probe into the incident begins. >>> european equities following wall street lower now down .40% with every single sector in the red, but the benchmark stoxx 600 actually, believe it or not, remains on track for a second straight positive year for the first time in almost a decade. >>> and mixed fortunes at the end of 2024 put some of asia's largest markets, the nikkei grows almost 20% and the kospi with the longest monthly losing streak since 2008. >>> and condolences pouring in for jimmy carter who has died at his home in georgia. ♪ >>> it's lovely to see you all today. we have a huge amount of news. i'm afraid a lot of it is incredibly sad. the acting president of south korea has ordered an emergency safety inspection of the operation system this following the deadliest air disaster in the tion's history. all 179 passengers and four crew were killed wh

me, steve sedgwick. these are your headlines.onda shares surge for the best day in over 16 years as it launches a $16 billion share buyback and confirms talks with nissan. the former chairman ghosn tells cnbc. >> it will be done. i think, honda will be in the driver's seat which is very sad to see. >>> chinese stocks close higher amid reports of a record issuance of special treasury bonds. beijing looking for fresh ways to stimulate the economy ahead of mr. trump's return to the white house. >>> more pressure from the current administration. president biden launching an investigation into chinese chips entering a probe into the semiconductor supply into beijing practices. >>> and who's next? michel barnier picking the head of the cabinet as eric lombard is the pick for finance minister. >>> if you are watching at the end of "squawk box" i talked about the special host on "street signs." it's me. and honda confirmed merger talks with nissan. the two companies would create the world's third largest carmaker. the ceo saying the deal

frank, back to you. >> steve sedgwick with the trevails. i like that word. have a good day. >>> treasury yields on the ten-year is closing out this year about 75 basis points above where it started in january. that is with the fed delivering 100 basis points of rate cuts. joining me now is joanna gallegos. >> good morning. >> we have seen ups and downs in the bond market. we saw bond yields spike. still, relatively elevated. as we look at the bond market going into 2025, are bonds actually attractive right here or is the equity market or attractive? >> we think the bond market has been overlooked for the last two years or significant opportunities across the board. with the backup in rates in the ten-year, it is telling you that we're back to the language, borrow from my friend, of higher for longer. that means that's a good thing for investors especially in fixed income markets. it means there are higher yields for investors and probably continued strength in corporate fundamentals to support, you know, these higher rates for longer. >> all right. there has

i'm steve sedgwick and these are your headlines.o, europe's stoxx 600 is actually set to deliver a second straight positive year. that's the first time since 2015, but, of course, it is lagging behind its u.s. peers with all three major indices on track for double digit gains. >>> the u.s. treasury accuses chinese backed hackers of stealing documents in a major cyber breach, but beijing rejects the allegations as smear tactics. >>> chinese manufacturing activity slows in december. this as the president xi jinping is on track to hit the 5% growth target this year. >>> and not kidding around. i see what you did there. chinese toy maker bloks group files for an ipo looking to raise $188 million. >>> nice to see you. my team tried to put indexes in. no, indices. i followed the latin route. i hope you are all okay. final time of the year for some of them. european, these are the european markets as we see them at the moment as well. we were actually called to open slightly in negative territory after the damp squib performance of the u.s

steve sedgwick has details. >> vizio, what do they do?ounded in 2002, leading vendor of value-priced hdtvs, what walmart thinks it will do is bring to market new and differentiated ways for advertisers to meaningfully connect with shoppers. they brought us together on a day of record spending for americans. i'm proud of america for spending a record $13.3 billion on cyber monday. but that's not all. there's something called cyber week. i hadn't even heard of cyber week. that's from thanksgiving through to monday. that was $41.1 billion. also a record level, up 8.2%. the discounts, frances, they were everywhere, 30% on electronics, apparel, 23%. computers, 21.5%. strong demand for personal care, appliances, jewelry and apparel. >> i know. it's tough to keep track of all the packages coming in, thanks, steve. >>> and with all those online records being broken, we could see a rise in porch pirates. there's a growing number of thieves swiping gifts from porches. >> reporter: porch pirates stealing your deliveries right at your front door. las

let's see how europe and asia are closing the final trading day of the year with the brilliant steve sedgwick in london with the action overseas. steve, good to see you. good to be reunited. i miss you from back in london. >>> i miss you, too, frank. you say the nicest things. we will get to our best wishes for the new year in a moment. a lot of pressure you can see on the shanghai composite in chinese. shenzhen down 1.2%. questions if china can hit 5% in 2024. xi jinping thinks they will have hit 5%. what does it mean for 2025 and the trans pacific questions you and i have been asking about the relationship with the u.s. and mr. trump and xi jinping and china? they are still hanging over the markets. year to date moves on the asian indices. i'll show you those before i move on to the european bourses. you can see the nikkei despite all of the concerns we have about interest rate policy and what's going on politically. up 19% in the year. that is without doubt the standout performer on asian indices. let's flip back to the european markets. the last couple hours of trading. the london market

i'm steve sedgwick these are your headlineses nissan and honda in merger talks to create the third largestomaker. >>> volkswagen shares still under pressure sinking to the bottom of the dax despite the german automaker striking a deal with labor unions with over 4 billion savings annually. >>> look at this volatile you had novo nordisk down 21% on friday now up 9%. rebounding to the top of the stoxx 600 on best or or track for the best day in over six months this after weaker than expected trial data >>> how about this one as well u.s. futures pointing higher traders s gearing up for a hola shortened week >>> now president-elect trump threatening to take ownership of the panama canal >> ridiculous. highly unfair. this complete ripoff of our country will immediately stop. it's going to stop >> panama canal. he is not busy enough in washington >>> let's look at the heat map do you know, it's interesting. you look at that and say there's not a lot going on up 2.16% there is so much going on. this time of year is expected to be down. i'm sitting here trying to tell through is so much going on