Transcripts For CNBC Street 20240704

Theres never been anything so conclusive this was an amazing night. European equities finding their footing, recovering earlier losses while u. S. Futures turn positive as investors await the first day of fed chairs policy on capitol hill. And Morgan Stanley raises its outlook on the stock but grif ols winds slower and a downgrade watch from moodys. Reporter and its bunt day in the uk. Jeremy walks a tightrope as personal cuts dominate the ag agenda well bring you his speech live at 12 30 gmt a warm welcome to street signs. Lets lead off with our top story this hour. Nbc news projecting that former President Donald Trump has won 14 of the 15 republican super tuesday races with rival nikki haley taking victory in one state. Thats 157 delegates thats 150 short of the number required to clinch the nomination nikki haley lags well behind with just 92 now, speaking in florida as the results rolled in, trump said he expected his victory to bring harmony. All of the problems you have today, i dont think you would have had any of them, you would have only had success. Thats whats ultimately going to unify this country and unify this party we have a Great Republican Party with tremendous talent and we want to have unity, and were going to have unity, and its going to happen very quickly ive been saying lately success will bring unity to our country. While the u. S. Tried to bring a breather yesterday, there was a slight breather across europe, but thats faded now somewhat. Youre actually seeing positive movement for the stoxx 600 having hit record highs as well, now managing to gabe again, a quarter of a percent to the good you can see over a threemonth basis. Its been a rule shoot up for the stoxx 600 and its been fairly positive. The Interest Rate outlook is the one to look out for. The inflation environment has made deadlines a lot of movement has been made with the entities trying to move higher, not necessarily in step with the United States but certainly finding their own grind to a little bit higher the european markets had been lower. All eyes of course on the ecb meeting tomorrow, and while the market does anticipate they will hold Interest Rates and keep them steady, the question marks are on the Interest Rate future and what that outlook kind of looks like at this stage pretty much in line with the Broader Market are these upticks, the cac 40 moving back toward 8,000 points and is what were seeing xetra dax, 2 cents to the good that one, of course, there are a couple of sectors moving very, very positive this morning yesterday we were looking at the mining stocks. Today were seeinging real esta imagining to move up the chemicals enjoying positively, a 1 kban, really the top four of the gainers in the stoxx 600. Toward the bottom, you see the median stocks lose significantly. Health care taking another dip for this week with construction as well as industrials at the bottom ofhe stoxx 600. Thats going to be quite interesting to look at does the tax cut really come into play and where else will jeremy hunt look toward then when it comes to trying to shore up one political woe and greater political enticement for voters, plus, of course, trying to remain politically responsible as well. That will play into the market youre seeing a flat stance from the pond to the u. S. Dollar. 1. 2776 la later silvia will be here later to unpack that. It looks like a rebound could with in play for the u. S. Market it looks like we might be heading for positivity today with the tech counters finding some sense of a rebound. Well unpack all of that a little later as well. Fed sanctuary Jerome Powell is heading to capitol hill today for two days of semiannual testimony before congress. Powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. Thank you so much for the time then are you surprised at all but the markets pullback yesterday . Not essentially surprised i think regarding equities in general were quite optimistic at the moment. In the short to medium term, were quite positive thats pointed by fundamentals across the board we have different moves by developed markets and equities in emerging markets. I think thats really because the rate cutting cycle is getting ahead in the emerging market, so thats really reaping the benefits there. And what does it mean then to see perhaps a slight falloff in the rate outlook then across the more developed world we had initially seen the expectation of around six rate cuts around the United States. Thats fallen off to three of course, the fed initially said that. But were seeing that one could be enough this year. Yes, so theyre being more cautious on the soizize and timg of race cuts but inflation is coming under control. Rates are, we expect, to be cut in the short term. The number of rate cuts, i think, will be less impactful if its more or less affecting travel what would be the downturn if that were to be the case would that be a downturn thats really the point where you could jump in again. Markets have led a strong rally the last couple of months so valuations are quite stretched particularly in the u. S. , but that could continue. Looking at tech stocks, all performing really, really strongly the fundamentals are there corporate earnings are strong. So developed market, the Growth Market is a bit softer, but overall we are quite positive on equities. Do you see a sense of selectivism coming through with the tech players not just in europe but around the world when one looks at what has been shifting markets do you think a little more selectivism comes into play now . Potentially as i said, really, its tag, anything airelated, thats whats driving returns an element is trend but the dynamics happening in market we like diversified portfolios we like Growth Stocks and the more defensive stocks, so i think thats the key part to getting stable equity returns is having a diversified approach. Im wondering what Jerome Powell will stay on capitol hill today or is it much of the same, do you suspect i think its much the same. I think given inflation is coming under control, we do expect those rates to start coming down, maybe not in the next month or so, but it will happen later this year, we expect. If we zone in a little bit on europe, if i may, as a final question, which sector sort of appeals most to you at this stage . Is it some of those lenders . Industrials at play as well . When i look at it . It seems too broadbased that its a sector that outgrows at best. Utilities with rates higher, they have struggled. Again, tact looking strong, consumer discretionaries, but, again, a broadbased approach would be the preference both in u. S. And europe. Eimear, thank you so much here to unpack this market movement. Lets shift to Chinas Central Bank speaking at the npc in beijing, he said it wont promote a minor rebound in the Consumer Prices and keep the yuan quite stable. We look at the tui shares higher today this comes after Morgan Stanley upgraded the stock to overweight from equal weight and raised its target price at the same time and really with regard to that one, you see it shift into 188 so it will be interesting to look out for that one. Also then, meanwhile, shares of grifol slunk after a new report and a move by moodys that put a rating for its stock on view for a potential downgrade that stock down in double digits, 12. 5 . And dhl has guarded its stock its down 25 on the year and will ramp up its Share Buyback program by 1 Million Euros while extending it now, ceo tobias mayer told cnbc why it did not approve. This is really the main component on our net position as well its to increasing the amount, which isnt a bad thing because we have a growing business in the u. S. Our supply business very successful there, also coming in with good momentum not concerned with that at all i think the house is very well in order we keep high equity ratio to around 34 so we will have the firing power for bigger m n, but we choose capital as wisely as we can. We want to earn good returns for the capitals shareholders were very much interested in ecommerce space there will be others interested with us, but as the dhh group we have better ways to declare capital for our shareholders. Lets move over to british life who posted generating profits of 1. 67 billion pounds in 2023. It with us broadly flat on the year but short of expectations from what it said was a challenging environment. It said its on track to reach its fiveyear ambitions, however, with record new business volumes, that stock price down more than 3 in this Early Morning trade. Now, a group of investors including blackstone and Thompson Reuters will offload a 4 stake in the london group the shares will be worth just under 2 billion pounds as part of the traction then lseg will buy back 4 Million Pounds lseg is up 23 on the year. Dermatology Company Galderma will list in switzerland aiming to raise around 2. 3 billion speaking to cnbc, the ceo outlined why the group wants to go public now. We have two energetic pipelines. We will have two purposes that the ipo will pay down debt, strengthen the Balance Sheet significantly, and be able to fund the product that will have potential. Coming up on the show, well take a closer look at commodities as gold surges to record levels and so does another, which could impact the price of your favorite chocolate, however stay with us well be back. Youre probably not easily persuaded to switch mobile providers for your business. But what if we told you its possible that comcast business mobile can save you up to 75 a year on your wireless bill versus the big three carriers . You can get two unlimited lines for just 30 each month. All in the most reliable 5g mobile Network Nationwide wireless that works for you. Switch to comcast business mobile and save big with up to 500 off an eligible samsung device with a qualifying tradein. Dont wait call, click or visit an xfinity store. Now, targets Fourth Quarter revenue and earnings beat wall streets expectations, providing a boost to the stock, but the u. S. Retailer expects another year of weak sales, forecasting fouryear sales growth of up to 2 and an adjusted ipso up we talk with Brian Cornell who saysretail mad progress. The upstream supply chain instores, the teams really focused on managing costs, and we did see sequential improvement from the Second Quarter to the Third Quarter and Fourth Quarter, really improvement by traffic. Nordstrom moved lower. Topping analysts expectations for Fourth Quarter sales but issued a weaker forecast for the year ahead it guided a fouryear revenue in a range from the 2 decline to a 1 gain compared to the Previous Year adding that Fourth Quarter results should be near break even or slight loss. On to cryptos, bitcoin briefly touching a new alltime high of 69,000 overnight before pairing back some of the gains, gaining by what looks like 8 particularly during asian trading and inching closer to another record high. Its been on a meteoric rally this year, up nearly 50 since late january questions will be asked then, how much of this is just a fomo trade then i mean its up 73 million percent if you take a look at that price from july 10th. So very Interesting Data to look at there. Onto the commodity space then, gold prices are steady today. Thats after hitting a record peak in the previous session the sentimentdriven rally await key testimony from fed chair Jerome Powell that happens on capitol hill that price then, as you can tell there, easing off slightly from that alltime high of 2,141. Cocoa prices, well, theyre scaling back after touching recordhighs in the past week amid concerns over supply shortages. The cocoa market is grappling with production shortfalls particularly in west africa with the el nino weather patterns we spoke to the ceo of nestle and he told nbc there were still price pressures. We have seen food Price Inflation come down somewhat already, not too low prepandemic. I see a more nuanced figure Going Forward, new troppiness. Historic highs think about cocoa, robust coffee, and sugar, moderating somewhat i think some review which is lower but not back to the preinflation levels, i think thats a fair summary. Paul jones is here to unpack the cocoa story a little more among the commodities space. Thanks so much for the time. I appreciate it. Let me put down the lay of the land as i have in that story prices at an alltime high in london the prices are 100 year on year plus minus, 50 up in february. Highest uptick since november 2021 up 71 last year, up 50 from year to date and then comes out of it the 2023 projections, 20 below target why has demand not eased whelp prices are so high in this sector its really an interesting question typically what would happen, youd expect to see some demand destruction when you have prices like this that are astr astronomically high prices were not seeing that with cocoa. What well see in 2023, they were down 4. 3, 4. 5 . I dont think you can call that mass production. We dont see it have the same dynamic command as others. They still have factories that i have to operate. I do expect to see some demand destruction, but at the moment, the supply and demand picture is very, very tight. What would cause that demand destruction . Is it the higher prices or the case that theres too much in the market and there might even be somewhat of a surge if farmers perhaps kept back a few of their cocoa beans because they expect prices to head higher could that also come into play potentially that could be an issue. What we see with the two largest producers like ivory coast, we see a fixed farm gait price. In this case it hasnt been set high enough. You could say, well, the producers arent being incentivized enough right now toll increase production so potentially what we could see is when we have the farm gate price readjusted to late this year, we could see hoarding and see more supply coming, but thats a long way away the market is still very, very tight. Its been tight for three seasons. I think the market will stay high and prices will reflect that for a few years. The story weve unpacked is really about the farm gate prices and whats happening out of africa. How much of a european tariff story is in play i think the most interesting thing there is potentially euvo. We know theyll be safe from this, but Going Forward theres a lot of confusion about potentially what that may mean for import, whether cocoa will be allowed to enter the block. At the moment theres a lot of unknowns and it talks about tariffs as well. So certainly thats a concern. Does that impact the price on euvr does that mean the price goes even higher from these levels . This is just the beginning of those recordhighs. I would argue its certainly adding to the panic. Theres concern in 2024, how the industry is going to adjust to it, whether it will be able to do it before the deadline. But i think the real driver is the ma i superior major production issues and systemic issues which will likely continue for the next seasons to come. Still among the top commodities, weve seen that as well having spiked up to, i think, 2022 levels as well that youve seen. Those were record levels then. What exactly is happening in the market its really interesting so what were seeing is the grains sector. Were seeing prices reduced. Cocoa, coffee, were seeing prices rise up were seeing speculators and managed money. Part of the reason were seeing that is because supply is improving, so were seeing a lot of it. Were seeing good grains crops come out of brazil, and were seeing supply improve and risk easing. Do you see that continuing to head a lot lower, or do we see a slight pickup here because demand begins to pick up at these lower prices so in the short term we dont see many fundamentals. But looking into the latter end of the year, we have more forecasts coming into the year for el nino, which in theic will i can impact production. It will likely be some support there. And as we move closer to the cost of production, you would expect to see prices find some support there. Toward the latter end of the year, we move more neutral, even more bullish. We dont talk enough really and one well unpack a little more thanks so much for the time. Paul jouels is with robank. Silvia is on the ground at westminster. Silvia. Reporter thats right. Well have more on todays Spring Budget up next after this break with hannah, senior economist from the Resolution Foundation stay tuned hi, im jason and ive lost 202 pounds on golo. So when i first started golo, i was expecting to lose around 40 pounds and then i just kept losing weight, and moving and moving and moving in a better direction. With golo and release, youre gonna lose the weight. Welcome to street signs. Im Arabile Gumede and these are your headlines donald trump dominating the republican race on super tuesday. The nbc news projecting the former u. S. President win 14g of the 15 states. They call it super tuesday for a reason this is a big one. And they tell me, the pundits and otherwise, that theres never been one like this, never anything so con cluesish this was an amazing night. European equities finding their footing, recovering earlier losses thats while u. S. Futures turn positive as they await the first day of Jerome Powells testimony on capitol hill. Upgrades and downgrades. Tui takes off as Morgan Stanley raises its outlook on the stock, but grifol grinds lowerer. Thats off a report and a downgrade watch from moodys. Reporter and its budget day as Jeremy Powell walks the tightropes well bring you his speech live at 12 30 gmt now, investors are gearing up for what ultimately could be the uk governments final fiscal event before any election expected this year chancellor of the exchequer, jeremy hunt walking a personal tightrope as he tries to balance and discussesthe public finances heres what sterling looks like as we head toward that movement, 1. 2725 its whether the ghosts of past years will be impacting the market quite significantly it seems pretty stable as we head toward that movement. As you can see, theres been some movement over the fiveyear basis. That big decline in 2022 that everyone would be looking at, the markets hoping for a not a similar reaction as that onto the gild to market quite significantly, while all markets might be on the ecb, they look at whats happening with the gilt market, the tax cut being one of the key components to look out for, what happens to National Insurance as well they find the ability to be fiscally responsible in an Election Year as well. Youve seen the 10year gilt hold onto 5 , 4. 5, 4. 3 for the more rate sensitive twoyear gilt we have silvia from westminster then this morning youve been interviewing a few people then as well. Silvia there the imf might not be too happy with that. Indeed the imf has warned in the past about significant tax cuts for the uk economy. They do not feel that that is the right track for this economy at this stage, but lets see where the chancellor will choose to go. We dont know at this stage how big these tax cuts could actually be, but i want to show you this chart the Resolution Foundation came up with this chart of a sandwich to explain really what we can expect from the chancellor later on today im pleased to say that i have hannah slaughter, with me. Explain to us thisanalogy of a sandwich to describe fiscal policy changes today. Sure. So the sandwich is a bit of a metaphor to help people think about the tax cuts that are likely to happen today in the context of whats already happened and whats going to happen in the future so maybe starting with whats happening today, if you imagine thats kind of the feeling of the sandwich so to speak, well have to wait until half 12 today to know exactly whats going to happen, but theres been a lot of news in the media about the cut of National Insurance. Thats what jeremy has to lead on we really need to see that in the context of whats already happened and whats happening in the future thats between the two slices of bread, if you will thinking about the past, these tax cuts that are likely to happen today come in the context of tax rises that have already happened about 20 billion worth thats largely in the form of freezing the thresholds at which people start to pay tax on their income, which the thresholds would go up with inflation than more people that otherwise might have been the case of paying taxes or paying high rates of tax. And then on top of those tax rates that have already happened, there are tax rises already pencilled in for after the election theyre expecting further threshold freezes. All of this is dependent on who wins the election and what they decide to do about a billion tax rises have been announced thats how we should be thinking about the cuts today in the wider context of the tax rises ahead in the past. So the bottom line here, just to make it really simple to our audience, ultimately it doesnt matter what we hear if the chancellor today because the taxpayers will continue to be worse off and face higher taxation Going Forward. I mean it really depends on where youre at in the Income Distribution for some people, they will be on balance better thats people earning between about 27,000 and 59,000 pounds a year those are middle earnings. Those o lower incomes or higher incomes, theyre worse off than they would have been if we had. Had the tax cuts in terms of the rates and if we hadnt had tax rates going up higher earnings are about 500 pounds worth from all of that and about 16,000 pounds of low earniers are the worse off. They lose about 3. 5 of their earnings relative to where we hadnt had the tax cuts. Interesting it feels that the changes in insurance contributions are likely to be announced, but one of the open questions is whether jeremy hunt will go ahead and announce a 1 or 2 reduction rate for income tax. How costly could it be to announce such big changes and do you think he has the fiscal headroom to go that far . Its definitely it depends on what he chooses to do but say, for example, the tp cut would cost about 10 trillion pounds to do hes coming up against his fiscal head. What that means is under his own fiscal rules he needs to make sure debt is falling relative to the size of the economy in five years time and hes got very little wiggle room to be doing that hed hoped there would be good news that would have made it easier for him to do that, but it doesnt sound like thats materialized well wait to hear from the official forecaster what they think is going to happen and so that means he needs to find some money to pay for that essentially, and that might come in the form of cuts to Public Services, which are already under a lot of pressure. Its possible he could use that to give himself the headroom that he needs, but that would come at the expense of Public Services down the line. Talk to us about other potential measures we could hear from the chancellor as well. There are expectations that whelp it comes to fuel duty, that will continue to be frozen for at least another year. So walk us through the expense of some of these additional measures we might hear from him. Yeah. I mean one of the as you say, one of the things thats been trailed is further freezing fuel duty i mean, fuel duty hasnt actually been increased sense 2011 so its really each time we had a budget, you know, it kind of comes up again it hasnt and it got kind of cuts back in 2022 by five to kind of ease some of the cost of living crises in terms of energy so that could be, you know doing that again could also be quite costly not quite as costly as the personal tax cuts, but thats certainly another, you know, pressure on the public finances. And id also like to get your thoughts on the announcement today and sort of the impact it could have on the uk economy youve made it clear when it comes to the fiscal burden were looking at significant levels Going Forward, but is there a way to provide a little bit of stimulus to an economy thats in recession at this stage . Its certainly true that lowering the tax on income and specifically with National Insurance, its specifically a tax on earnings. So when people are working, thats what were lowering the tax on in a sense, this does provide some kind of a bit more incentive for people to work or work more because it means they essentially lose less of their earnings and want to increase their hours. That could provide a bit of stimulus but weve got a Bigger Picture problem of low growth, stagnation in the wider economy. And, you know, its questionable about how much of an impact the tax cut could have, especially if it comes at the expense of investment, which we really need to stimulate longterm growth. Very clear. Hannah slaughter, senior economist at Revolution Foundation on that note, ill hand it back to you in the studio, arabile, but well have plenty more coming from westminster later on when the chancellor decides to arrive at the house of commons to deliver the Spring Budget. Yep, well certainly have that live for you at 12 30 gmt silvia, well chat with you later on as well do check out cnbcs website then for our live blog throughout the day. Now, chinas finance minister says local Government Debt risks are showing signs of easing speaking of china piece meeting, they said theyll promote measures to deal with the issue. National womens day is coming up on friday with this years dubbed inspired explosion. Lets talk about that. Yes ive been talking to Women Leaders from Different Centers and i caught up with an International Interior designer. She built up her Global Business when she left school at 16, and i asked her, what kind of discrimination she faced when she started her business for me working on builds sites when i was 16 1 2 was a mens industry i often felt uncomfortable, but i believed in myself enough to be able to work in the industry and build a business, but i think there have always been challenges for women, especially in the city in my field of work. It was uneven in the workplace it was constantly being hidden and not being spoken about what i think is happening today is more people are being outspoken and showing its about what you can do and how good you are at the job that youre doing and it should. Make any difference whether youre man or woman. What do you feel about quotas, man versus women, and whether there should be in the boardroom. Absolutely i do i do emt think this should be a conversation were having in 2024 thats what i find extraordinary, that were still having the same conversation slightly packaged in a different way. I think it needs to draw a line underneath it. Its equal line, equal pay, no matter where youre work or what youre doing it shouldnt be a conversation that were all having constantly. In what way do you feel that women lead differently i mean i think that, you know, women are great leaders. I think that as a woman you can be incredibly fierce in business, but we have a sense of vulnerability, and i think the balance of vulnerability and that fierceness in a workplace works to our advantage i think we have a sixth sense. I think we have an innate gut reaction about things. I think that we have something that is slightly different and i think that when we put that to food use in a positive way, its very, very powerful. Kelly hoppen talking about some of the challenges shes had to overcome to be the success that she is. And back in 2014 she said she nearly lost her business, arabile, but she said she fought so hard to build it up that she wasnt going to give up. You speak about those two challenges there was so much in her career and life as well having started her business at 16, one would animal it being a maledominated industry, all of those sectors having to come into play. There was a lot of trials and tribulations in all of this. Absolutely. I think her point was saying in 2024 were still talking about it and we shouldnt have to, but we are awareness is always good, and ive been speaking to more influential women. And tonight my Program Equity and opportunity with queen maxima, queen maxima of the nether land will be on cnbc at 2300 cet dont miss it. ll be chatting to her majesty about fair and equal service opt to services. Coming up on the show, u. S. President joe biden and former President Donald Trump on super tuesday, setting up a rematch after 2022 were live with the latest after this short break ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct today at the number on your screen, or visit coventrydirect. Com. Switch to shopify and sell smarter at every stage of your business. Take full control of your brand with your own custom store. Scale faster with tools that let you manage every sale from every channel. And sell more with the best converting checkout on the planet. A lot more. Take your business to the next stage when you switch to shopify. Whoa, how did you defeat them . With a little kung fu strength and by connecting my devices to the most powerful force of all. Skadoosh. Hah, huh . Cool right . Amazing. Harness the power of xfinity internet and stay connected to the things you love. Ah, theyll be like this for hours. Hello dad, hello dad, hello da. Uhoh. Good bunnies. Ahh heres why you should switch fo to duckduckgo on all your devie duckduckgo comes with a builtn engine like google, but its pi and doesnt spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. And theres no catch. Its fre. We make money from ads, but they dont follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. Welcome back lets quickly check in on the european markets and see how things are faring right now. We see gains on the ftse 100, which seems to be on the up, around a quarter of a per emt. So, too, the ibex 35, a 1 gain there, of course, that one significantly enough on the back of grifol which is down significantly. Moodys putting it on review for a downgrade on that one. Youre seeing a score at the top of the stoxx 600 out of the set of earnings. Tui also heading on with news flow which has been fairly interesting to look out for. Morgan stanley upgrading the stock to overweight and raises the price target to 10 euros so, too, convotech with their numbers. Some positively across the board. Looking at a slight risk th the uk preparing to unveil its spring bucket. Well have the details at 12 30 for you. The exchequer jeremy hunt talking about the cut to income taxes. That being the headline there. Coyote build the calm before the storm as the dollar is steady ahead of jay powells testimony and the uk budget. Well be looking at the pound dollar and what that will look like a little bit later on yesterdays Services Industry data did push the dollar lower, the greenback now in a tight range, around a 60 chance of a rate cut in june according to the cme fed watch tool. Now, donald trump is closing in on the republican president ial nomination after super tuesday. Nbc news projecting he has secured victory in 14 of the 15 gop races. That leaves trump just over 150 delegates away from securing the nomination of 1,057 so far. Speaking in florida as the results rolled in, trump said he expected his victories to bring harmony. All of the problems that you have today, i dont think you would have had any of them youd only have success. Thats whats going to unify this country and this party. You have a grit party with tremendous talent and were going to have unity and its going to happen very quickly ive been saying success will bring unity to our country. Trumps last remaining rival nikki haley lags well behind with just 92 delegates after securing victory in the state of vermont. She has pledged to stay in the primary race as long as she is competitive. On the other side President Biden is closing in on the democratic nomination winning just over 400 short of the level required and winning all contests bar one as jason parma declared victory with 51 voigts in a margin of 11. In a statement biden reiterated his criticism of donald trump, branding him as determined to destroy u. S. Democracy and rip away fundamental freedoms. Lets head on over to nbcs brie jackson who joins us for more no surprises really for the most part here, but with nikki haley still in the running, is there more to come from the announcements from her side of the party saying whether they maintain their stance to firmly stay in the hunt until the very end . Reporter so thats the big question here. It remains unknown whats next for nikki haley. The last update that we did receive from the Haley Campaign is that they are honored to have gotten the support of millions of americans but we do know that she actually could stay in this race. Now, haley has been a prolific fund raiser, but she does remain far behind former President Trump when it comes to the delegate race. Were waiting on word from haleys Campaign Today or this morning to see the path forward for them but she has committed or even before she had vowed to stay in the race until super tuesday and she said she had not looked much past then. This was really an opportunity for her to assess how shes doing in this campaign and as you mentioned, she said she would stay in the race as long as shes competitive. So far shes only picked up two races. She picked up vermont last night and then had picked up washington, d. C. On sunday so were looking to see whats next for haleys campaign. Yeah, and as we look to whats next for haley, whats next looks by all accounts then is that we will see that rematch between President Joe Biden as well then as donald trump on the republican side. I mean the interesting factors here still being bidenomics as a key factor to kind of lock at the economy. One of the areas that Republican Voters are looking at when voting reporter so there are a couple of things theres border security. Thats something weve heard a lot about. Theres crime here in washington, dc and other places across the country that people have their concerns about. Really theres a number of issues, and we know that trump is closer to inching toward a renomination that would sets up a rematch with President Biden but President Biden has concerns hes worried about too we did see voters coming out in michigan, doing that protest vote against President Biden when it came to his support for israel and the war in gaza thats something we continue to hear in fact last night President Biden, he released a statement about super tuesday. He said that the results were clear that leaving americans with a clear choice, he asked, quote, are we going to keep moving forward or will we allow donald trump to drag us backward into chaos, division, and darkness that defines his term in office. So President Biden as well as former President Trump both looking ahead to the general election, but they both have some ground to make up theres a large percentage of americans that say they dont want former President Trump nor President Biden to be the president. They dont theyre unhappy with both of those candidates, but it looks like those will be their top choices heading into the november election. Brie, thank you so much for this of course, we will be continuing to check in on the story its certainly a big one as we roll on to the 5th of november, of course. Brie jackson from nbc. Now, a quick look at the u. S. Futures then ahead of the market opener later on today it looks like were headed for a rebound across the biggs clee klein across yesterdays trade, which was led by apple that had a 3 will that begin to pick up well certainly see because the techheavy nasdaq looks like it may be headed toward some positivity there ahead of this market picture of course, were looking toward fed chair Jerome Powells congressional testimony then over two days. Thats happening today plus we also have the jobs opening data out of the United States more employment numbers to really come out. 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