. >>> meantime, the new york stock exchange is bracing for some new competition, as some members think the time is right to launch their own exchange. robert wolff will be here to tell us if the disruption could actually be successful. >>> they are hanging the signs and checking internet connections at the ces in las vegas. liz claman is on her way there. one top silicon valley ceo is here to tell us what excites him the most this year at tech's annual event. >>> plus the government shutdown, day 17. trump's run for the border. charlie will be here to break it all down on cbs' latest personnel changes. less than an hour to go until the closing bell. i'm susan li in for liz claman. let's start the "countdown." susan: breaking news. french prime minister just announced he plans to introduce tougher sanctions against undeclared protests after the latest yellow vest protests and the violence that took place over the weekend. around 50,000 people took part in these protests on saturday in several french cities. more than 340 were arrested. 281 were detained. >>> back to the markets and stoc

at the new york stock exchange thank you very much for the analysis. on a corporate no tesla reached a milestone today as it broke round on its first overseas production line in you guessed it china shanghai the new gigafactory will allow it to sell directly into a coveted market and steer clear of the china u.s. trade dispute we talked about tesla says it's also exempt from the requirement that foreign companies form joint ventures with local firms. seven point three billion dollars that's how much tesla is investing in its new china factory it would be shanghai's biggest foreign manufacturing project ever and it's a coup for tesla many foreign carmakers export into china and pay tarots which is trickier these days with the trade dispute tesla also believes china is the perfect market it's very important that the world transition to sustainable transport and sustainable energy generation so solar battery storage and later because china has been it will be eager in the transition. so we look forward to helping helping your salary transition along with

let's discuss all of this with our financial correspondent at the new york stock exchange was that is that who is joining us now has the results good to see you i'd like to start with the trade talks between china and the us was and we as we know the stakes are high optimism is not really there what about the optimism in the markets do they see hopes that will actually reach a deal there. it seems though javier but it's a still early to tell her no yes i defy tended to are talking seems to be curing investors about we must be cautious a goal right now from the drums administration perspective to war it on the details and specifics of the different pledges made by gene so far these include more chinese purchases of u.s. goods and services increased american access to china's markets better protection of us our intellectual property and reduction in subsidies companies but also there is another issue lingering and that is how to enforce any kind of deal china's things said to be willing to put in place a monitoring process but there is also a lack of trust component which could but fire

i am with stacey cunningham, president of the new york stock exchange. ould like to know here in davos is how does the government shutdown and the closure of the sec affecting your business and affecting the ipo market? stacey: at this point in time, we have not seen a lot of concern yet, although there is some concern over how long it will last. when you look at companies that have been ready to come public, they are in a crunch time. if the government does not reopen soon, they may have to refile their paperwork, because the numbers become stale, and they have to push the timeline. if they are counting on a capital raise for the business, they have to rethink -- erik: that is a real problem. stacey: yes, they have to rethink it a bit. that is coupled with the volatility impact. we did see a surge of companies looking to be ready to be public in early 2019, partially because there is uncertainty around the market conditions, and they want to be ready when we reopen. erik: so you say timing is important. it has been about 35 days so far. how many more day

bob pisani has mor on this big day on the market from the new york stock exchange. >> stocks roared higher on a handfulf positive news and earnings beats. the dow jumped more than 500 poinon at ses highs to cross back over 25,000 and apple and boeing alone adding more than day.points now, the federal reserve wrapped up its first meeting of the year, and the language used in today's fed statement showed a change in tone, saying t fed remains patient when it comes to rate hikes and that balance sheet policy is entirely flexible. those are the two things the market wanted to hear. while bond yields sunk on the heels of those comments, overall traders were happy. never mind that th fed did not change its economic outlook. the change in tone alone was good for more than 20 points in the s&p 500. that happened right after their announcement was . now, this is the good news. here's the bad news. the market is looking very pricey right now. the s&p 500 has punched through its recent trading range. it's now trading at its highest lel since december 6th. it's pricing in an awful lot of good , not ju

diane king hall is at the new york stock exchange with that and more. reporter: good morning, anne-marie. u.s. stocks closed lower on tuesday snapping a four-day winning streak before the long holiday weekend. concerns about the looming trade war with china and reaction to the imf outlook projecting a slowing global economy seemed to rattle the markets. so the dow sank 301 points. the s&p 500 dropped 37. the nasdaq lost 136. >>> the nation's largest utility, pacific gas and electric, says it's secured $5.5 billion in financing from four banks to fund its operations through bankruptcy. the planned bankruptcy filing comes as pg&e faces more than $30 billion in potential liability for its possible role in deadly california wildfires. the california utility said yesterday it expects the bankruptcy process to last two years. shares of the company jumped 6.5% on the news. >>> a new study shows owners of hyundai and kia vehicles are filing fire insurance claims at a rate far higher than average. the highway lost data institute found five models with four-cylind

diane king hall is at the new york stock exchange with that and more. morning, diane. >> good morning, anne-marie. well, the international monetary fund cutting global estimates down from 3% to 3.5%. global estimates down from 3.5%. warning the global economy is growing more than slowly than expected. 2020's estimate was revised down to 3.6%. keep in mind yesterday, china reported its slowest annual growth in nearly three decades. the projections from the imf seemed to affect asian markets which closed lower this morning. futures also reporting lower territory. asian markets were closed yesterday in observance of martin luther king jr. on friday, the dow rallied 336 points. s&p 500 gained 34 and the nasdaq rose 72. >>> france is hitting google with a $57 million fine. the company's data protection agency accuses google with lack of transparency with users with regard to how their personal information is collected and used. and it also said the web giant failed to give content about user personal ad personalization. google said it's deeply committed to t

it's iconic. >> i know. >> diane king hall at the new york stock exchange. > still to come, bright ideas, a man who proves you're never too old to save the world. packs more omega-3 power into just one small softgel. it supports four vital areas of your body. your heart... your brain... your eyes... and your joints. give your body the omega-3s it's missing. megared advanced 4in1. one pill. more power. to severe plaque psoriasis get clearer. and stay clearer. most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks. tremfya® may lower your ability to fight infections and may increase your risk of infections. before treatment, your doctor should check you for infections and tuberculosis. tell your doctor if you have an infection or have symptoms such as: fever, sweats, chills, muscle aches or cough. before starting tremfya® tell your doctor if you plan to or have recently received a vaccine. tremfya®. stay clearer. janssen can help you explore cost support options. >>> here's a look at the forecast in some cities around the country. >>

bob pisani is at the new york stock exchange. >> earnings season officially kicks off next week. good news is a lot ofad news has been priced into the market. we saw that yesterday when samsung dropped 1.5%. lennar missed earnings and revenue estimates. the stock is up. you might expect it to be down but it was up 10%. it's not clear how much negative news the markets can handle before again turning down. a lot of the damage to the global economy has already been done. one economist seesn earnings recession still this year. early fourth quarter earnings are mostly beating. no surprise there. it's theuidance that matters, though. of the 20 companies that reported, 90% have beaten expectations but 70% had their expectations cut by analysts after they reported. where are they coming from? there's negative comments from apple, samsung andon mi they cut the profit growth forecast for the tech secto in half. oil prices dropped like a stone in the fourth quarter. no surprise. estimates foril companies' profit growth were slashed dramatically. it's clear earnings are slowi down, but how m

diane king hall is at the new york stock exchange with that and more. diane. >> good morning, anne-marie, u.s. stocks closed lower monday, news that chinese exports to the u.s. declined in december rattled the market. technology stocks dropped yesterday. but bank shares rose after a strong quarterly report by citigroup. the dow fell 87 points, the nasdaq slid 65 points. >>> the ceo of pacific gas and electric is reportedly getting a $2.5 million severance, despite the company's sible role in deadly wildfires. geisha williams resigned as ceo sunday after less than two years. pg&e said yesterday it's filing for bankruptcy because it's facing at least $30 billion in potential damages from lawsuits. investigators are looking into whether the company played a role in catastrophic california wildfires in 2017 and 2018. >>> gymboree is reportedly going to close all 900 of its stores. "the wall street journal" says the san francisco-based children retailer is expected to file for bankruptcy this week. the stores operate under the banners, gymboree, janie and ja

that growth sent shares up 25% to $42.18. >>> the new york stock exchange andhe nasdaq could see new competition. morgan stanley, fidelity andl citare among the companies whichng a new exchange, they say will provide a low cost alternative to the major exchanges. that st shares of intercontinental exchange down 3% and theeasdaq fell m than 2.5%. >>> california's largest utility is repontedlydering bankruptcy protection. pg&e faces what could be crippling liability damages from a number of wildfires. the cse of the fir has not been determined, but an electrical outag occurred around the time and place of california's camp fire and wre it started. shares of pg&e dropped 22% to $18.95. >>>thwell, wit new congress being sworn in, there are new ideas floatingd aroashington these days, especially when it comes to taxes. duringn interviewith anderson cooper on "60 minutes" over the weekend, freshman new york congresswoma alexandria asio-cortez talked about the super rich paying their fair share, invoking an idea from the 1960s. >> onceou get to lik the tippy tops on your 10 millionth dollar,

diane king hall at the new york stock exchange. still to come, soaring to a new record. a california woman flips into the guinness world records. a california woman flips into the guinness world records. we love tiny things. t.we of fros because caring for tiny things can make a mighty impact. ocean spray. act tiny. be mighty. farmer-owned since 1930. act tiny. be mighty. (gasps) for real cold and flu protection. with lysol, you can help protect them from a real cold. lysol disinfectant spray kills the #1 cause of the cold and clorox wipes don't. lysol. what it takes to protect. preparing girls for a lifetime of leadership. >>> here's a look at the forecast in some cities around the country. ♪ >>> millions of people in the philippine capital of manila took part in a massive procession of a four century-old statue of jesus. the statue known as black nazarene sat on top of a carriage pulled through the streets. devotees jostled to get to the statue which is believed to heal diseases and grant wishes to those who pray and touch it. >>

fox business network's susan li reporting at the new york stock exchange. >> shep, the stock is crashingay. it's rare for a public utility to be filing for bankruptcy protection. in p&g's case -- there's clapping here on the new york stock exchange. it's loud. but now they have taken public backlash and liability for their role in the deadly california wild fires and also a gas pipeline explosion. the company didn't have a choice but to file for bankruptcy protection. pg and e is california's largest utility and provide electricity and natural gas to 15 million homes across the state. in a statement today, they said the power will stay turned on despite the fact of the impending bankruptcy filing. they said they're committed to providing safe natural gas and electricity to their customers. as i mentioned, pg&e are facing liabilities of $30 billion. this is after they were implicated for starting the deadly october 2017 wild fires that killed over 20 and possibly -- this have very important to note -- possibly also igniting the deadly 2018 wild fires which killed over 80. the deadliest in

diane king hall is at the new york stock exchange with those stories and more. ne. >> reporter: good morning, anne-marie. asian markets finished mixed ahead of trade talks between the u.s. and china today in washington. u.s. indices were also mixed yesterday. tech and media stocks tumbled, but a rebound in industrial companies helped lift blue chips on wall street. the dow rose 51 points tuesday. the s&p 500 shed three, and the nasdaq lost 57. >>> apple posted a quarterly sales decline for the first time in more than a decade. the tech giant said yesterday iphone sales fell 15% in the last quarter of 2018 from the same quarter the year before. the drop in the sales of the company's star product knocked first-quarter profit to below $20 billion, but that still beat wall street expectations. revenue for the company's services segment marked a 19% increase last year. its stock jumped in after-hour trading. >>> perdue foods is recalling its refrigerated fun shapes chicken breast nuggets. the company says it failed to list a dairy allergen warning on the packaging. th

diane king hall is at the new york stock exchange with that and more. diane. >> reporter: good morning, anne-marie. stock futures are pointing to a higher open as the u.s. enters day two of trade talks with china. the trump administration kicked off the high-stakes talks yesterday in washington. the two sides have just over a month to reach an agreement before a u.s. deadline to increase tariffs on chinese goods. >>> on wall street, the dow climbed 434 points yesterday, closing above 25,000 once again. the s&p 500 rose 41, and the nasdaq rallied 154. >>> fed chair jerome powell says the case for raising rates has weakened. the fed's benchmark short-term rate will remain in a range of 2.25 to 2.5%. rates were raised four times last year. some investors are worried about slowing global growth, but the fed says the u.s. economy remains solid. >>> meanwhile, facebook is increasing its user base in the u.s. and europe and logged record earnings. revenue jumped 30% to $16.9 billion, beating expectations. the social media giant posted a record profit of $6.9 bi

diane king hall is at the new york stock exchange with that and more. orning. >> reporter: good morning, anne-marie. wall street futures are indicating a higher open this morning after stocks soared on friday. the rally happened after the labor department reported that 312,000 jobs were added in december. federal reserve chair jerome powell also said the federal bank will stay flexible in how it manages interest rates, putting investors at ease. the dow soared some 747 points. the s&p 500 rallied 84. the nasdaq jumped 275 points friday. >>> china is optimistic ahead of trade talks with washington today. both sides expressed interest in settling the tariff fight over beijing's technology ambitions, yet neither changed its stance. meanwhile, samsung is expected to post its first quarterly profit drop in two years as demand decreases in china. the leading smartphone seller's expected to report a 12% decline in operating profit to $13.3 trillion tomorrow. this after apple cut its revenue forecasts for the first time in more than 15 years because of slow sale

tom hanson is at the new york stock exchange with that and more.morning, tom. >> reporter: good morning, anne-marie. it's been a five-day market surge for u.s. indices. major markets are off to their best start to a year since 2006. comments made yesterday by federal reserve chair jerome powell seemed to contribute to the market rally. he said the fed will be flexible on policy and is not in a hurry to raise interest rates as investors have feared. now the dow jones industrial average gained 122 points. the s&p 500 rose 11 points, and the nasdaq climbed 28. >>> macy'stock ws rketallynd actually suffered its worst-everyone-day decline. -- worst-ever-one day decline. shares of the department store chain tumbled more than 17% after it reported weak holiday sales and cut its sales and profit outlook for the fiscal year. the plunge pulled down other retailers, as well. >>> and at&t says it will stop selling customers' location data to third-party service providers amid calls for a federal investigation. this follows a report from the website motherboard

stands ready to work with washington well it's go over two years called who's standing by at the new york stock exchange for us to get some analysis on this story yes what's the likelihood of this tweet of trumps leading to a breakthrough. well i mean the trade dispute would test been one of plenty concerns that triggered the reason to sell all fear on wall street and investors took that to buy into this stock market at this point but actually opinions differ if progress is really as big as the u.s. president claims one thing is sure the deadline is approaching fast the deal should be reached by march first and there are quite a few skeptics year on wall street who are not really certain if it's going to be easy to reach a deal by that listener surprise there are a few skeptics still twenty eighteen was the worst year of wall street since two thousand and eight so much for that bump from trump the everyone was expecting although we did experience earlier in the year for a short period of time at least. now certainly with some of the policies of the current administration actually my big fire if we think

could lead to sears getting court approval to wipe out its pension. >>> a live look at the new york stock exchange. trading is getting under way this morning. we are up in the green 114 opponents right n points right now. that's good news for investors. it was lower yesterday on concerns china is impacting u.s. companies. apple is set to report earnings today. that could have a big impact on trading. speaking of apple, the company is this morning promising to act fast to fix a new iphone bug that could let people listen in on you. >> that bug was first discovered by a twitter user and 9:00 to 5:00 macrepoac reported on it.i. it happens when they use the group call feature. even if the person doesn't answer, the caller can be heard and possibly even seen on video. >>> abc's tech reporter on "good morning america" to explain how to protect yourself. >> there is something anybody can do, i did it on my way to work this morning. you open up the settings, you go to facetime, and you turn it to off. there's the toggle button there. turn it to off. that will automatically keep you safe from this. >> yup.

diane king hall at the new york stock exchange.iane. >> all righty. >> still to come, leap of faith. a woman who risked her life to help allied forces during world war ii gets a wish fulfilled. heyi'm craving somethingkin! we're missing. the ceramides in cerave. they help restore my natural barrier, so i can lock in moisture... and keep us protected. we've got to have each other's backs... and fronts. be covered when it d we offer free expert help choosing the best plan for you. and all of our plans include free preventive care. financial help is available, the last day to sign up is january 15th, so don't miss out! because you never know when life... ...will change. get covered today. g girls for a lifetime. of leadership. >>> here's a look at today's forecast in some cities around the country. >>> a parachute jump is one woman's way of celebrating her 90th birthday and coming full circle thanks to an organization called wish of a lifetime. the french ex-patriate is payin. service members from world war ii. >> this is margarite. >

diane king hall is at the new york stock exchange with that and more.g, diane. >> reporter: good morning, anne-marie. u.s. stocks closed higher yesterday. news that china's taking steps to boost its economy seemed to calm market tension from the start of the week along with a rally in tech shares. so the dow jumped 155 points. the s&p 500 rose 27, and the nasdaq rallied 117. >>> netflix powered up yesterday's tech rally after announcing its biggest price increase in history. the streaming service said it is raising the cost of all of its subscription plans to offset costs of platform improvements. the extra money will also go toward the company's increasing investment in original content. the most popular plan will rise from $11 a month to $13. the last time netflix hiked prices was october, 2017. >>> a u.s. bankruptcy judge says today is the deadline to complete the bankruptcy auction for sears. sears' chairman eddie lampert presented a new bid for the company yesterday that added some concessions on top of his previous $5 billion proposal. the company

. ♪ >>> on the cbs "money watch," slower growth for netflix, and a new oreo cookie has fans stuffed. diane king hall is at the new york stock exchanged more. good morning, diane. >> reporter: good morning, anne-marie.pos that treasury secretary steven mnuchin might support removing some or all of the tariffs imposed on chinese imports. top american and chinese trade envoys will hold talks in washington later this month. technology, industrial, and health care companies rose on wall street. the dow rallied 162 points. the s&p 500 added 19, and the nasdaq gained 49. >>> netflix is signaling that its growth is slowing in the u.s. even though it added more subscribers than ever during the holiday season. the streaming service ended december with about 139 million subscribers worldwide, slightly better than analysts predicted. but netflix is projecting it will add just 1.6 million subscribers in the u.s. during the first quarter. that's down substantially from last year. it comes as netflix announced double-digit price increases. >>> former cbs ceo les moonves is fighting to get his severance. he was denied his $120 million severance pac

to gerri willis on the floor of the new york stock exchange. watching some key levels, gerri? right. we have been looking at the dow and looking at the s&p. they are exiting correction territory. good news for you, the dow up 121 points. it only had to be up 92.3 points to exit correction territory. the s&p only had to have 1.25 points. it's up 11.5 right now. good news for both indexes. let's take a look at the dow leaders. boeing, caterpillar, travelers, intel, couple analyst upgrades driving some of this. boeing up by morgan stanley to overweight, travelers raised to overweight by barclays. we have seen good news among companies that rely on china for sales. caterpillar and intel, higher there. s&p 500 leaders, constellation brands doing very well after such a lousy day yesterday. that stock was down 12%, all's forgiven today, up 6%. back to you. lauren: gerri willis on the floor of the new york stock exchange, thank you very much. >>> this morning, we got the latest signals report that showed that 55% of chief financial officers expect a recession in this country by the end

the u.s. in december is welcome news on the new york stock exchange where shares short up also an interest of patients of no more rate hikes from the fed. and we want to stay in the e.u. but with less austerity and fewer rules that's what many italian entrepreneurs told us here on d w. this is your business update on home free in berlin glad you could join me wall street stocks are off to a monthly labor market report showed that some three hundred twelve thousand jobs have been added to the u.s. economy in the month of december those figures far outweighed analysts expectations and investors were also feeling upbeat after photo reserve chair powell implied that there were no imminent plans for further interest rate hikes he also said he had no intention of resigning over the fed's previous decisions to increase rates but despite facing fierce criticism from u.s. president donald trump. for more i want to bring in our man on wall street now yens quarter yens huge job numbers being added wildly beating expectations any explanation for that and how is it affecting the market there. i actually d

percent at the start of the new year china is preparing itself for much lower growth partly because of the fallout from a trade dispute with the us prices on the new york stock exchange also fell on the first trading day the dow jones the s. and p. five hundred and the nasdaq index all closed in the red this turbulence looks set to continue throughout the year with the upcoming european elections and breck's it just around the corner and there's still no solution to the trade dispute between the u.s. and china experts predict that twenty nineteen could be a difficult year. for the first time since the introduction of the i phone apple had to adjust its revenue forecast downwards for the all important christmas quarter revenue is expected to total eighty four billion us dollars nine billion less than predicted warms apple boss tim cook as a result apple share price fell temporarily by around ten percent the company's problems have been looming for months after reaching a high last summer the share price has fallen by thirty percent since september back then analysts reported that asian i phone suppliers were cutting back their production because apple needed fewer par

that might be putting further pressure on when it talks to people here on the floor of the new york stock exchange is still kind of hesitant to really jump in to. this point so that does not mean that the overall success story over the i phone is not the only success that apple has but it's clearly it's the bread and butter business for them that's their main profit driver and so if there is trouble with the i phone and it seems to be this case it is certainly a difficult time for apple and c.e.o. of tim cook at the moment indeed our financial correspondent end's quarter for us in new york thanks your analysis. now a bag of dangerous chemicals has washed off on a small dutch island today off of the m s c zoe lost some two hundred seventy containers during a storm well the panama flag container ship it's been traveling from and in belgium as you can see here and had been going up to a half an in germany when it lost its cargo on tuesday night some twenty containers a so far have washed up on child and several more are expected to end up on the northern german coast here on the dutch island of tash

or add for more i'm now joined by our financial correspondent at the new york stock exchange there is that all good luck to you has at least the government shutdown not only causes anger as we just saw but also costs a lot of money doesn't. of course they have you're on the bill goes up to one point two billion dollars have per week according to official estimates. some and seems not to be very big in the ground scheme of things but enough to make harder to achieve growth goals of three percent last year for example also to increase attention from credit rating agencies have feature which already. done great in usa credit rating if the shutdown continues for example some directly in front of the economy experts point out today's service has not produced while this situation persists in the end that production is lost forever as government employees will not make up the time lost in the workplace after big oberman reopens so the only worry investors heads are also concerned about the u.s. retail sector and to what extent can we call retail sales as we've seen them be an indicator for o

according to theonst selling trader at the new york stock exchange, these stocks will have to do one thing if the market is to head higher in the new year. >> you need them to be unified and consistent. a couple will always look a little bit bette but if they start to fray around the edges, if facebook starts to get hit ouain and fall apart, then i think want to see if they can all demonstrate unified strength. >> that group of tech stocks isn't all that investors will need to watch in the new year. here's bob pisani. >> what happens to markets may depend on your outlook for earnings. 2019 estimates are coming down slowly but fsurely,m 10% the start of this quarter to a little better than 7% in the s&p for 2019. that's the estimate. 17 comnies have reported earnings so far. the numbers have been good. first quarter estimatese generally hen coming down, particularly after comments. fortunately, the statef earnings may be in the hands of very large macro issues, notoriously difficult to model. traders are weighing several big issues. number one, can the fed avoid ai polish, slow environ

stands ready to work with washington well let's go over to jens quarter who's standing by at the new york stock exchange for us to get some analysis on this story here what's the likelihood of this tweet of trump's leading to a breakthrough. well i mean the trade dispute would test been one of plenty concerned that triggered the reason to sell off fear on wall street and investors took between to buy into the stock market at this point but actually opinions differ if progress is really as big as the u.s. president claims one thing is sure the deadline is approaching fast the deal should be reached by march first and there are quite a few skeptics year on wall street who are not really certain if it's going to be easy to reach a deal by that was no surprise there are a few skeptics still twenty eight was the worst year of wall street since two thousand and eight so much for that bump from trump the everyone was expecting although we did experience earlier in the year for a short period of time at least. now certainly are some of the policies of the current administration actually my big fire if we think

the know. new york stock exchange. you, diane. >> thank you. >>> a happy homecoming, a boy battling cancer is reunited with an old friend thanks to a perfect stranger. it supports four vital areas of your body. your heart... your brain... your eyes... and your joints. give your body the omega-3s it's missing. megared advanced 4in1. one pill. more power. eucerin as been solving for over 100 years discover eucerin advanced repair it moisturizes dry, itchy, rough skin for immediate relief and proven 48-hour moisture for healthier-looking skin look for eucerin. we know that when you're spending time with the grandkids every minute counts. and you don't have time for a cracked windshield. that's why we show you exactly when we'll be there. saving you time, so you can keep saving the world. >> kids: ♪ safelite repair, safelite replace ♪ >>> here's a look at today's forecast in some cities around the country. >>> close the door. >> hold that open! >> police in mchenry, illinois, apparently met their match in the form of a way

we're live from the new york stock exchange carl is on assignment this morning. futures as we get ready to start the trading for this week. you can see we are looking at a down open, at least so far european markets, mixed bag. europe also in the red as you can see right there. still open, of course. right now spain is the worst performer thus far during the course of the day. ten-year note yield hanging in there, 2.73% is where i saw it 2.755% and wti hanging above, well above $52 a barrel to our road map this morning it does start with the busiest week of earnings season. china trade talks resuming fed rate decision middle of the week and january jobs report end of the week but futures, as you saw there, pointing to a sharply lower open, as investors are getting ready for a lot of news yet to come as for that news, well, we got some involving caterpillar tariffs seem it have hit the industrial bellwether. increase in steel prices as it reports a big earnings miss. and perhaps even more importantly weak guidance. jim and i will talk about that howard schultz, 202

i want to get right to david westin, who is live at the new york stock exchange with their ceo, maryboroughpresident and ceo of general motors. good to have you. mary: good to see you. the news just heard about general motors, 2018 and 2019, i think surprising to the upside. what happened? mary: i think this is a result of what we have been working on since 2016, to transform both the core business and the investments we are making in connectivity. we see that coming to fruition. we still have work to do. that is why we made the difficult announcement at the end of last year. we are focused on this transformation to make sure ge

let's go to the floor of the new york stock exchange. allison alison kosik joins me from there. ear, same problems. >> we are seeing stocks off the lows of the session. we did see the dow down more than 350 points. we are see ag bit of a comeback for stocks. we did see oil move higher. that is helping to take some of the pressure off stocks. the big catalyst is a down beat report out of china showing the manufacturing sector contracted. this is the second report showing the huge manufacturing sector is contracting. the slow down is spooking u.s. markets. you look at the u.s. economy. it is strong. many economists agree we will see the u.s. economy slow down. the question is will it turn into an all-out recession or could fed policy somehow allow for a slowing of the economy, kind of a soft landing with that slowing for the u.s. economy? also sort of aggravating the volatility that you have been seeing in the markets lately is politics. it really is part of the play book here on wall street now. specifically today, cabinet meeting at the white house, you are seeing investors wait

we go down to the new york stock exchange that's the trillion dollar question or however you want to characterize it. what is priced in and what isn't? >> i think it's safe to sigh that some measure of slow down even from the published 2019 earnings forecast might be priced in right now on paper, academic way if you have that low to mid single digit earnings growth and it was not in the context of we're going into deep recession risk then you can probably absorb that. what i'm curious about is how the market digest that process that's what we'll have to wait and see. you had this call for a retest obviously the historical pattern when you had that kind of a steep decline, it tells you there's a high probability of retracing down to those levels why do you get a retest? people say, okay, the worst wasn't priced in at the low. we might have a worst situation on our hands it doesn't just happen because it's a video game and we have to go back to that level. all that stuff filters into the earnings trajectory. we are seeing credit spreads in there by no means are we over pric priced stoc

ready to work with washington well let's go over two years called who's standing by at the new york stock exchange for us to get some analysis on this story yes what's the likelihood of this tweet of trumps leading to a breakthrough. well i mean the trade dispute would test been one of plenty of concerns that triggered the recent himself here on wall street and investors took between to buy into the stock market at this point but actually opinions differ if progress is really as big as the u.s. president claims one thing is sure the deadline is approaching fast the deal should be reached by march first and there are quite a few skeptics year on wall street who are not really certain if it's going to be easy to reach a deal by that was no surprise there are a few skeptics still twenty eight was the worst year old wall street since two thousand and eight so much for that bump from trump the everyone was expecting although we did experience earlier in the year for a short period of time at least. now certainly with some of the policies of the current administration actually might backfire if we think