weegin tonight with willem marx in london. >> the ayes to the right 20 2. the nos to the left 432, t so nos have it. the nos of it. d reporter: theresa may suffered a majorefeat tonight, one that she had warned would ba cataclysmi it was certainly historic, the largest government defeat in the house of cmons since1924. rather than wait days for her reactiono this very but anticipated public loss, lawmakers had only to wait minutes. >> it is clear that the house does not suppo this deal, but tonight's vote tells us nothing about what it does support. nothg about how -- nothing about how or evensf it inte to honor the decision the british people took in a referendum parliament decided to hold. >> reporter: prime minister may had for months insisted the deal her governm the eu was the best option for brexit. buight there was for the first time an acknowledgement that she would seekdve and input from her political enemies. among those is jeremy corbyn, the leader of the labor opposition party.ui he was to respond to the prime minister's setback. >> i have now t

i'm willem marx.'m julianna tatelbaum these are your headlines >>> european stocks open higher amid fresh hopes for a resolution to the u.s./china trade war as washington and bay thing prepare to head back to the negotiating table. >> the pboc takes steps to boost the economy by cutting back on banks reserve requirement ratio, calling it a targeted adjustment, not a big stimulus >>> bayer shares rise at the open after a u.s. judge limits evidence in a trial over claims its weed killer round-up causes cancer. >>> and investors today eye the u.s. jobs report amid fears of a global economic slowdown as traders price in the prospect of a fed rate cut by april of next year. >>> just a few moments ago headlines from the pboc, they have taken further steps to try to ease funding conditions they announced further cuts to the reserve requirement ratio. to take you through those headlines that they have announ announced, this will lower interest payment costs for banks by around 20 billion yuan annually they ar

i'm julianna tatelbaum >> i'm willem marx the u.s. moves higher. president trump cancels his trip to the world economic forum in davos, he might miss an opportunity to discuss trade with china >> u.k. home builders jumped after bank of america, merrill lynch upgrades the sector from neutral to under perform >> chinese automaker tells cnbc it's not sold any shares in germany's daimler after a report the company had cut its stake by more than half >> federal reserve chairman jerome powell affirms the central bank's patient stance, but warns about the growing level of u.s. debt >> the the long run fiscal nonsustainability of the u.s. federal government isn't really something that plays into the next, you know, the sort of medium term that is relevant for our policy decisions >> european markets have been open now for just over an hour and it is shaping up to be a positive start to trade for the final day of the week. the euro stoxx 600 is up about 30 basis points right now. this follows a fairly mixed day yesterday in terms of the different regions, b

i'm julianna julianna tatelbaum >> i'm willem marx >> a torrid new year for european shares which fall sharply on the first trading day of 2019 after stocks log their worst annual decline in a decade. >>> basic resources lead the losses in europe as concerns about a u.s. china trade war and france's yellow vest movement hits factory data. >>> and chinese shares gets off to a rough start after the first contraction in pmi in 19 months. >>> and in italy, banca carige's ceo and chairman resign as the ecb appoints temporary administrators for the troubled lender >>> eurozone pmi numbers for december, it looks like the final manufacturing pmi came in at 51.4 for december that is against expectations of 51.4 matching it and slightly lower than the november number of 51.8 the output for manufacturing was at 51. that again matched expectations and was slightly higher than the november number at 50.7. the future output pmi came in at 56, against expectation of 56, lower than the november number of 56.3. >>> and european markets have now been open for just over an hour it has proved to be a nega

i'm willem marx. >> i'm julianna tatelbaum, these are your headlines. >>> apple rocks global markets by slashing its quarterly sales forecast dragging european stocks lower tim cook tells cnbc in an exclusive interview that a slowdown in china and weaker handset sales are to blame >> our short fall is over 100% from iphone, it's primarily in greater china. >>> shares in european chipmakers sink as the tech wreck bites, while apple's german listing adds to after-hours declines. >>> u.s. futures point lower with the dow and nasdaq set for triple digit losses after major markets stage a comeback in the first trading session of 2019. >>> christmas cheer for next as the retailer posts a surprise rise in sales during the festive period sending shares higher alongside its rivals >>> welcome, everybody apple has cut its sales forecast for the first quarter and blamed weaker iphone demand and in particular a slowdown in china tim cook used a shareholder letter to announce the company lowered its revenue guidance from a floor of $89 billion to a floor of $84 billion. he forecast grossmargins w

but it may be too little too late, brian. >> willem marx in london thank you very much. >>> headlineber four on this very busy monday, saudi/u.s. relations. secretary of state michael pompeo in riyadh meeting with saudi prince mohammed bin salman hadley >> good morning, brian so what we understand so far at least is that sing salman got about 35 minutes of the secretary's time and he spoke with the crown prince of saudi arabia for at least 45 minutes one of the things we know they discussed with the situation in the yemen and the need to deescalate tensions there. remember, of course, one of the things that many folks at the state department had told me going into this series of meeting was the murder of jamal khashoggi. no word yet on what we could have heard from those conversations between these two. i have to turn to what's happening in the energy markets. they had a massive energy meeting with the atlantic council. i spoke about worries concerning volatility in 2019 let's listen in. >> i've been decisive in our action not only the kingdom but other countries. beheard from the em

gearing up for a major vote in the brexit battle willem marx live in london with more of the details willem >> hey, brian. this was a vote that was expected to take place a month ago. you may remember that theresa may pulled the vote because she didn't think she could win it. we are now going to see this on tuesday night, where the house of commons, the lower chamber here in the united kingdom, will get a chance to decide whether they like her version of brexit. it doesn't seem over the last month she's ended up getting any more lawmakers on size it is very likely she's going to lose this vote tuesday night the problem with that, of course, as we get closer and closer to this deadline, march 29th, 11:00 p.m. that night, the u.k. will formally leave the european union unless something drastic happens. what that drastic event will be, still very unclear if the government does lose the vote. but there is a growing concern that we could end up with no deal by that deadline. we've had that concern voiced yesterday by the japanese prime minister shinzo abe on a visit to downing street here

i'm willem marx. >> i'm joumanna ber search chi, these are your headlines. >>> the government reopensst shutdown in u.s. history. >> shares in n plus jump as the u.s. lift sanctions on other companies linked to russian oligarch despite opposition from democrats. >>> and siemens and alston tweak their rail deal. >>> and ocado shares jump to the top of the stock 600 on reports of a tieup with spencer that could spell the end of its partnership. >>> all right. let's check in on how european markets are fairing this morning, bit of a weak session for asian equis the overnight. some of the optimism priced into these talks in washington this week is being priced out you can see that the same thing is playing out in europe this morning. all of the majors are trading slightly in the red. ftse 100 down .1 percentage point. all eyes ahead of the plan b meaningful vote set to take place tomorrow right now the baseline scenario seems to be an extension of article 50 is the most likely scenario more on that obviously over the next 24, 48 hours or so. xetra trading slightly in the red. ftse mib dow

willem marx has the latest on brexit and leslie picker has more on black rock's earnings. steve, we'll start with you and what we got out of the fed this afternoon. >> as you said, sara, eight of the 12 districts saw increased growth at a moderate amount but four districts, including kansas city, new york, st. louis and cleveland saw somewhat less robust growth. it was flat in kansas city, it leveled off in new york. outlook was pretty positive, but many districts said their business contacts were less optimistic because of four reasons. financial market volatility, rising interest rates, falling energy prices and elevated trade and political uncertainty. shutdown mentioned only once this report goes through january 7th, so didn't pick up a lot of it mentioned only by chicago related to farmers not receiving government payments. tariffs, 20 mentions, down from 39 in the last report but it was linked to rising uncertainty and higher prices. now, one piece of good news, several districts reported higher christmas sales, though, auto sales were flat if you get this idea that

i'm willem marx in london. >>> time to take a look at some of today's upgrades and downgrades. we begin with sharesf nordstrom. they were downgraded to neutral from buy at goldman sachs, the analyst saying that the retailer is not selling as much merchandise at ful price. last night nordstrom did warn of soft holiday sales. owthe price target $50. that stock fell more than 4.5% to $45.01. >>> ab inbed was downgraded from lnderperform. sales pressure w likely persist which could lead to disappointing earnings. the maker of bud and budfeight 2.5% to $7.50. >>> meanwhile metlife was upgraded to buy from neutral at bank of america merrill lynch. the analyst cited management strategy to address past issues. price target $53. that stock rose in trading to $44.87. >>> still ahead, the parts of theno country where ec concerns are mount >>> homeer bui started the new year in a better mood. according to the nional association of home builders, sentiment rose in january rebounding from a three-year low. the report cites a declinen mortgage rates in recent weeks and solid job growth. tamon

and very few inside the house of commons are expected to vote in favor of the withdrawal plans >> willem marxyou. i'm sure we'll see more of you as it unfolds and as we await the vote which is after 2:00 p.m. eastern. >>> dom chu has a look at the market scenarios investors can expect for either outcome on today's vote as well >> there are market expectations what the default outcome will be you heard him talk about theresa may, the prime minister's proposal will be voted down. but just what reactions could be is up to interpretation. let's look at some opinions out there about the forecast, what could happen in certain scenarios. john wraith talks about what happens if it is approved, not a likely scenario, but still, what could happen in that scenario. there could be recovery in corporate investment, that may be a positive thing. accelerated earnings growth and boost in consumption arise in the pound, and front end yields that's one take. what happens in the default scenario if we do not get something that happened today with regard to theresa may's proposal look at this scenario. eric nels

. >> all right willem marx, thanks much >>> let's get over to sue herrera with a news update this morningin. >> here's what's happening at this hour. house speaker nancy pelosi asking president trump to reschedule his annual state of the union speech before congress, which is slated for january 29th she's citing the partial government shutdown and security concerns in her letter to the president. >>> democrats introducing a bill to gradually raise the federal minimum wage to $15 an hour. but even if it gets through the democratic-controlled house, it will likely fail in the gop-held senate the legislation would hike the minimum wage to $15 per hour by 2024 >>> a vatican spokesman says pope francis will attend all sessions of his sex abuse summit next month its goal is to guarantee bishops clearly understand what they need to do to prevent and combat that problem the summit will take place february 21st through the 24th >>> and jackie robinson's signed contract with the brooklyn dodgers in 1947 along with his contract with the minor league team in montreal two years early are going up for

. >> willem marx, thank you. other than watching the pound to figure out what's happening here, most most important? >> well, i think for the american audience, which must look at this and think, wow, this makes, like, byzantium look good, what the world thinks about the situation at the moment the pound has not returned to the lows we saw during that brexit vote, right with that 120 and still above that so i think the bigger issue is when you cut through everything w willem said, jeremy corbin could be the prime minister of the united kingdom they're low but the pound would crater on that possibility a hardcore leftist bring back the united kingdom to the days if you could when the uk needed an imf program so that's, i think, the biggest fear that's possibly out there >> a weak pound is actually good for uk companies who are exporters. >> we saw that that will definitely soften any kind of blow if they're concerned about the economy and we saw that after the brexit vote all of these predictions, all economists a