Relationship right amid reports beijing tried to challenge the 2026 presidency of the g20. This trip is less than containing china. I dont want to contain china. I want to make sure we have a relationship with china. The g20 faces criticism for watering down the condemnation of russia while others strike an infrastructure deal in the push for influence over the growth south. This is a world where we learned from covid and the war that supply chains need to be reinforced and diversified and connectivity matters. And a. R. M. Considers raising the price range on the ipo amid reports the price change is over six times the price. The specific risk is all revenue comes from the jv in china. It has no control over the business in china which is a risk all its own. Good morning. Welcome to street signs. We have a packed show to get through today. We want to start off with markets. A lot of green on the heat map behind me. On friday, we did see wall street majors manage to get gains. We had the s p at 3 lower by the end of the week. The nasdaq saw deep losses of 2 . Apple in focus after the news in china. We will talk more on the show about that. Over the weekend, the headlines of the g20. We will get into that. Key from alignment and trade flows and emerging market economies. As i mentioned, today, the stoxx 600 is trading slightly toward the green up. 80 . We have massive data coming up in europe. The ecb meeting on thursday. The market is 40 leaning to Interest Rate hike at this point. It is a fine line if they decide to hold fire or go for one more Interest Rate hike. That is a focus of the market. We have uk Employment Data to get through in addition to everything else. Lets look at the board and see how they are trading. The dax in germany is inching up. We are. 60 higher. Shy of 16,000. That is the key level in terms of absolute levels for the german index. Cac 40 is just shy of 7,300. 80 firmer on the trading session. Ftse 100 is up. 10 . In terms of sectors, this is what we have for leadership. Basic resources up 2. 5 . More positive news from china which is bucking the trend of what wite had the last couple weeks. Banks is 1. 3 higher today in trading. On the flip side, the more defensive sectors of utilities is an underperformer. Up. 30 . In asia overnight, i mentioned more positive news china. Shanghai is up. 80 as we head toward the close. Over the weekend, we had slightly more positive inflation data. Theres some signs of stabilization with the def deflationary complex. There were rules by the re regulators making it a movement upward in the shanghai composite. Hang seng is looking at downward pressure on the tech space. Nikkei is down. 40 . This is in direct response the bank of japan governor gave over the weekend hinting at a possible end of Interest Rate policy by the end of the year. We saw an upward move in the yields. Stocks are pulling back as well. Julianna. Speaking of china, President Biden is saying he is not trying to hurt the country. Biden, who is in vietnam, wants to build ties in yasia and will not sell to asia. Hanoi lifted the u. S. To its highest diplomatic status alongside china and russia. G20 nations failed to condemn the war in ukraine. Member states refrained of the use of threat of Nuclear Weapons was inadmissible. Narendra modis government said it was the most ambitious in the g20 history. Imf director spoke to cnbc at the g20 summit and told marty soong. The world changed. There are many lenders and they provide different conditions. It is much broader than ten years ago. Finally, india, together with us, brought around the table the traditional lenders and sovereign lenders. The new lenders, china, saudi arabia, india, brazil. The private sector represented with big institutions and organizations and the borrowers. We he need this conversation because if you dont have it, we have no solutions. The debt problem is very pressing. We now have more than half of the low Income Countries either in or close to that distress. 25 of that emerging market is in distressed territory. We have to act. G20 nations expressed support for a bigger role for multilateral lenders with the world bank and imf. Narendra modi called for the expansion of the world bank manda mandate. Tanvir joins us from new delhi. I have loved your coverage over the weekend, but this aspect with imf asking for more quotas and world bank asking for more resources. What is tit they are trying to achieve . Reporter they are not spelling out clearly, julianna and joumanna, i think there is a fair amount of speculation they want to run parallel lines of financing counter to the bir. I brought that up with the world bank president. China officially has 5 Voting Rights in the world bank. He said china is part of the solution. He will be heading to attend the China Development forum to ensure they are very much active participants in the process. I think what is important to highlight here, joumanna, is developing nations have a problem at hand which is Debt Resolution and debt sustainability with the cost of financing going up and rates staying higher for longer. That is an issue with the growth challenges these nations are facing. In terms of climate financing, if the world has to move to decarbonization and net zero targets sooner rather than later, then it needs to be a collective effort. Obviously, developing nations and the lowincome nations would need a helping hand with that. I had a fairly expansive conversation regarding the expanded role which was the directors idea. He put out a working paper and he is suggesting for poverty he r eradication. That was accepted by President Biden who made the official statement on the sidelines of the g20 summit. This is what he told me about the role with the Multilateral Development bank. I joined the bank with the request to look at the institution and take it from the last 78 years focusing on poverty, but evolve into the multichannel crises we have with the poverty and pandemic and Climate Change and food insecurity. These have come together in the way that changes the nature by which we have to use our playbook. I joined the bank as part of the change. What you are seeing us do and talk about is change the mission and vision and t take it from being poverty focus to liveable. Then we need to talk about the manner in which it can operate with the partnerships with the multilateral banks and the partnership with the private sector. There is no way there is not money in the Development Bank or in governments or philanthropy. Getting the private sector capital into the game is going to be important. How much capital are you getting from the private sector . The lending capacity proposed to be expanded by 25 billion with the chance of it going up to as much as 100 billion. I wonder if that is enough. When wityou compare to the debtt is 800 billion. We are not solving debt problems. Our capital doesnt go to reducing debt. The financing projects . From that standpoint, is it a small amount . I think the main thing is the bank despite the 120 billion it committed last year will not change the total Capital Requirement with the Renewable Energy. 1 trillion. Thats why you need the private sector. I dont have a target for the private sector. I do have an idea if i get a certain amount of money in the bank, could i get the private sector put 1 to 1 or 2 to 1. What are the terms are you willing to offer . The idea of the capital we bring in is twofold. One is to create the feasibility studies and write policies. If you get the write policies in place, there are plenty of studies done to reduce the cost by half. What do i mean by policies . The Government Policies and regulatory policies. Are you sure that you have a predictable policy for the next five years and predictable regulations . This enables the private sector to have clarity to bring money. They can deal with execution risks and distribution risks. They cannot deal with the uncertainty of the political system. Primarily we are living in a time when rates are higher and cost of capital is rising. You need to keep your house in order and how to keep the business running rather than invest elsewhere. There is no shortage of money seeking renewable money in the larger economies in the developing world. I met lots of investors keen to get it. Remember, Renewable Energy basically is on scale. You can produce with solar and wind scale and cheaper than fossil energy. Today, thats not an issue. They got the idea they know the projects can be built to make money. What they need is the right political and social environment. They need the right kind of start up of first and last positioning. Lets say putting up a Solar Energy Plant and it is 5 billion investment and it takes five years. What if the world bank takes that in and the deal you start receiving revenue from the utilities, you buy out the bank or somebody in the private sector buys out the bank . That reduces your risk and reduces your exposure. That is the thing im talking about. Reporter julianna and joumanna, he went into detail in explaining how he proposes to get everybody on board for collective financing. There is a fair amount of interest there. The public and private Partnership Model he was talking about has been a dream for a while. It has been Wishful Thinking for a while. Whether it actually happens under his reign remains to be s seen. Back to you. Tanvir, thank you for your coverage. It has been enlightening to watch. We will take a break. Coming up on the show, is the outlook souring for apple . We dig into what is next for the worlds Biggest Company after this 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. To duckduckgo on all your devie duckduckgo comes with a builtin search eg but it doesnt spy on your seac and our browser blocks creepy ads that follow you around fro and other companies. And its free. Download duckduk welcome back to street signs. We thought we would switch it up and do something different. A classic bull bear debate. Apple is the Central Equity stories in the tech march higher. It out performed the s p by 30 percentage points. Then the reports came that china plans to ban Government Employees from using devices and the launch of huaweis phone. What do investors do with the stock now . We had the stock pull back 6 last week in two trading days. Im going to be representing the bull case. These are the key points that bullish investors and there are a lot of them here with the majority of the community is bullish on the stock. Apples Loyal Consumer base. More than 1. 2 billion users of apple products out there. Number two, tech relationship. Apple is still a tech leaders with the Technology Used within the phones and leadership is expected to continue driving growth in the company. Here is the more controversial piece. China. Bulls say this stock is overdone. Lets ring through. Morgan stanley estimates in a worstcase scenario, we see a 4 revenue and 3 eps down side from the restrictions being imposed on chinese officials. Then you have huaweis reemergence in the phone market. Morgan stanley said it is not a material down side for the stock. Finally, given india has emerged as a big opportunity for apple, china is 20 total iphone at the moment. India with 5 middle Class Population and the opportunity for apple is actually greater in india. The focus in china belongs in india. Finally, nearterm, we are leading into the new iphone 15 launch. Expectations are low judging by the share price. The stock is under performed from july and september. The bar is low coming into the event. That takes me nicely to the bearish case for the stock. There are not many bearish analysts out there. We have one coming on the show here. Lets give you the main talking points for the bear case. Speaking of the smart phone which is launching tomorrow, the view is we will see modest upgrades with the sequence of upgrades. One of the main reasons for analysts to turn bearish is the loa longer cycle time for upgrades. People are holding on to their phones for longer periods of time. In the past, they would upgrade every 18 months or two years. Now the demand is less than in the past. You are seeing that reflected with some of the feedback that, it that telcos are not seeing that upgrade. And we see the ban from china officials and if that gets run out to state owned officials, that could impact the revenue. The Bigger Picture is the competition from the likes of huawei with the 5g phone. Regulation is a topic close to home in europe. Last week, there was a debate of gatekeeper. The question if the imessage is gatekeeper status. If it is, that entails more regulation on that space as well. Bears are in the minority with apple. Cnbc spoke to the only man on wall street with a sell rating on the firm and asked how it feels to stick with a bearish outlook on the Stock Performance this year. We had a sell since march for a nogrowth company. They are buying stock back. That has happen. That is the last three quarters. What about next year . Maybe people expect them to return to growth next year. The single primary driver of the companys revenue and Profit Growth is the iphone. 52 of revenue. What is happening . Today on cnbc earlier, the ceo of at t told david faber people are holding on to their phones longer. The question is how long is it going to take them to upgrade to the next model . We had to go all the way to brazil to find another bear on the apple stock. Im happy to say the global tech analyst is joining us. Great to have you with us on the show. Can you outline for us your thesis on why you think the apple stock will under perform from here . First of all, thanks for having me here. I think there are a couple of things. I think, number one, valuation is a problem for apple for a long time. Before covid, the stock historically traded closer to 15 to 18 times earnings. Since then, there has been a pretty large rerating which partially is explained by the pull forward in revenue on the device and services. Since then, even with the company not delivering strong results this year, it has been much lower expectations, especially last quarter, and the stock hasnt gone down. We think there are catalysts for that to happen or ill say a more relevant event. Maybe with the restrictions in china, that could be the trigger for the stock to finally come down to a more reasonable level. In addition to this, the perception i have with demand, especially in the United States and in europe, has been lagging. We havent seen so far any improvement in terms of exp expectations or alternative data. Anything leading to improvement. We have a perception there could be additional misses to the strict numbers moving forward as they happened in the last quarter. Thank you for giving us your reasons. Let me ask you about the competition from huawei. Last week, julianna and i were talking about the big noise, i guess, that huawei created last week with the latest invest version of the smartphone. How much of a threat will that constitute to the apple smartphones within china . Thats a great question. Huawei had a pretty large market share in china right before the company had the problems in assembling and other manufacturing of devices back in 2020 and 2021. The perception they have is that they have a strong brand in china. Given the extent they can produce a competitive phone, maybe if it is not a phone as good as iphone in terms of quality perception, i have a perception they have such a low bar to regain market share and thats an important threat. As you said earlier they were regaining market share from huawei which could lead to this 1 to 3 eps decrease for apple. That is almost a base case. Particularly in an environment where there could be further restrictions for the company. Over the last week, it feels like the sentiment has begun to turn bearish, but questions over being an inflation point with the stock. Would you say that the Investment Community is turning bearish on the stock or are they holding up . Thats a great question. I have a perception that a lot of people are not willing to short the stock today and specifically because of the iphone launch tomorrow which is the most important event for the year on apple. I would also say there is a lot of room for people to be bearish. 80 of my conversations over the last week were the actually people getting more negative. I think all of the points i mentioned are the main reasons for that. I think a lot of people, again, expected a negative catalyst for the short to work and that might finally come. As i was saying, the majority of investors stick with the Institutional Community is negative on this stock. So interesting. Especially given how well the stock has done in the last couple months. Diego, thank you so much for coming on the show. Global tech Equity Research analyst. One of the few on the street that is negative on apple stock. Coming up on the show as well, an a. R. M. And leg. Softbank eyes a higher price range on the a. R. M. Ipo. We will have the details coming up next. Shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and its ready to go our cost for shipping, were cut in half just like that go to shipstation tv and get 2 months free welcome back to street signs. Im tartsjulianna tatelbaum. And im Joumanna Bercetche and these are your headlines. Basic resources lead the way as china deflation pressure ease. Beijing tried to challenge the 2026 presidency of the g20. I dont want to contain whine. I china. The g20 faces criticism for watering down condemnation of russia while the eu and saudi arabia strike a deal in the blow to beijing influence over the global south. It is important in a world where we learn from covid and the war that supply chains need to be reinforced and diversified and connectivity matters. And a. R. M. Considers raising the price range on the ipo amid the reports the listing support to six times over subscribed. Richard windsor flagged headwinds on the horizon. All of its revenue comes from the jv in china which it doesnt control. It doesnt control the business in china is a risk all its own. Lets check on the European Equity markets and opening the week. Green across the board. Italy out in front by a margin up. 7 . In terms of fx markets, dollar index with the eighth weekly gain in the a row. The bullish dollar narrative continuing. The greenback is trading on the back foot this morning. Euro is up. 30 against the dollar. Dollar trading weaker against the yen. Sterling marching higher against the u. S. Dollar which was determined as dovish comments from the bank of england governor. Here is the picture for the wall street open. Green across the board. Nasdaq and dow looking to add 100 points each. Grocery delivery app instacart is targeting 8. 6 billion and 9 billion for the ipo. It is a significant decline from the firms 2021 valuation of almost 40 billion as even covid restrictions hit demand for door step deliveries. Also in the ipo space is softbank which is considering the ipo for a. R. M. At the top of the range or above it. That is according to the reports from bloomberg. The chip designer is close to securing investor support to achieve 40 billion valuation. Arjun joins us around the desk. Last week, julianna and i were piecing this together and figuring out the investors. It seems like now that has been successful because we are looking like a deal is oversubscribed. It is. There are questions here if softbank has been cautious with the stock. We know it faced criticism from the investment. We know the trends with the big vision fund and losses we have seen there. Perhaps coming to the market with the company with a lot of hype in terms of the critical nature of the Semiconductor Space and big player in artificial intelligence. That is a question of what softbank is this coming to market and flopping on debut. That is not good with reputation wise. That is part of it. I think there is a bull and bear case for apple. This is a bull and bear case here for a. R. M. It will spark debate in the markets and whether this is a company that is positioned for the future. You talk about the bull bear case for a. R. M. What about those bearish on the stock . It is whether a. I. Materializes. This is not an nvidia. Nvidia plays in the Data Center Area where the a. I. Models are trained with huge amounts of data requiring the nvidia chips. Those are the likes of chatgpt using them outside of the cloud. What they are playing up is a world in which a. I. Processes are happening on a device. On the laptop or smartphone. That is the world we get to when the Computing Power increases. It is not playing in the Data Center Business and the a. I. Hasnt materialized yet. Does a. R. M. Remain the key player . It is facing competition. It is the lead player right now. There is another architect rising. This is something investors should look into. It is an open source architecture. A. R. M. Charges fees to qualcomm and nvidia to use the architecture. This is open source and free. Google and qualcomm are backing this as a standard. If this continues to grow and continues to get backing from Major Players and this is a viable challenge and a. R. M. Warned of this which is another thing to look at as well. Rising competition and whether the a. I. Hype materializes and as you heard from richard windsor, it is china with the risk. We heard that before. Arjun, thank you for breaking it down and taking us through the twists of the ipo. Lets welcome our next guest. Jamie says a. R. M. Is returning to the market. Jamie, thank you for being with us this morning. Im curious your take on how compelling the play a. R. M. Is within the a. I. Space. Is it going to follow nvidias lead and become a second poster child for a. I. . Thanks for having me. I think it is interesting. There are two things to highlight. Growth in the near term for a. R. M. Is not about a. I. It is mobile and royalty rate increases. In the longer term, i think a. R. M. Is trying to focus investors minds around the potential of the things arjun spoke about. At the moment, that is not a huge part of the companys exposure. It is important in the Semiconductor Ecosystem which means if it is not a direct beneficiary now, it will be indirect as we move through the decade. When it comes to investor participation in the ipo, are we poised to see significant rotation out of the other tech winners to essentially gather the demand to participate in the listing . As arjun said, the ipo has pretty good demand. That is not a surprise. This is a business that doesnt have a huge amount of hairs on it. It is making phenomenal margins. It has a clean story ahead of it which comprises both strong organic growth from mobile and later down the road with data center and operating leverage. That is the function of investment made within the softbank staple and cost space coming out of it. I think both on growth, the margin, there is a clean story. You are seeing that in investor demand. Jamie, just to pfollowup on the investor sentiment. If the ipo doesnt perform that well in secondary market trading, how much impact will it have on the broader space or broader tech space and sentiment for a. I. Going forward . It is a good question. For broader capital markets, i think a. R. M. Is less important than the listings we might get going forward. A. R. M. Is a well known story. It is very clean. The fact that sentiment around it is strong is perhaps unsurprising. As we get other listings, instacart and others, over time, the way they trade and the way the market treats them is far more important is an indicator of sentiment and where it goes forward. What do you think the biggest risk to the Investment Outlook . You highlighted how people are feeling about a. I. And opportunities in the space. Where is the biggest Downside Risk going to come from if not the valuation . I think one is timing of a. I. When do we see this coming through in earnings and margins . I think in some areas, maybe the market has gotten ahead of itself. I think we are seeing different Market Structure from 2022 with Interest Rates going up and tech valuations responding quickly. In this case this year, we are seeing Interest Rates remaining high and going up a bit. Valuations are responding. That is a function of growth. Of course, a. I. Plays within that. Actually far more important, and we saw this in the recent earnings with software, these are phenomenally resilient businesses. If the market is saying growth is more important at the moment and growth is offsetting that valuation headwind to during aa duration, that is the important aspect. How big is the tech sector put together with the growth fundamentals of the company . How much further could the tech rally go . You have to break it down. This is an interesting thing. It is a recovery because you have areas of semiconductors which have seen hit to earnings. Those are better poised to see the recovery in the sharp recovery for the rest of the year and going into 2024. You have software from the macro and in large cap software, it is trading from the operational point of view. And areas of internet. Comments around optimization which is a headwind to the amazon and hyper scalers is getting better. We see that going through conference season. We have small cap internet with the valuation coming through from higher Interest Rates. The most part, fundamentals are screening strong. If you say the market is getting more comfortable with earnings troughing, i think within that is tech which is placed going into 2024. Jamie, thank you for sharing your views. Still ahead on street signs, morocco in mourning. More than 2,000 people dead in the deadly earthquake. We will have more from marrakech as street signs continues. 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. Welcome back to street signs. At least 2,100 people have died after the 6. 8 magnitude earthquake hit morocco. Sunzmedia reports of a parliament researcher being arrested for spying for beijing. The China Embassy in the uk says it is malicious slander. Rishi sunak has confirmed he plans to attend the cop28 conference in dubai. He warned that net zero has to be achieved in the right way. Economic concerns in china continue to weigh on the fuel demand outlook. Supply fears with the cut extensions are propping up prices. We are 2. 5 higher for the week last week. Wti is below 87. Lots of questions of the output cut extensions. With us is chris malek. Great to have you back on the show. Lets start with that announcement out of saudi and russia to extend production cuts until the end of the year. I would look at the Market Reaction and the fact that the market acted positively tells me the market wasnt anticipating that. What is the market expecting . You are right in some ways where the market thought the cuts are not needed and demand is robust. We dont need more cuts. The move by saudi and including russia is ultimately to straddle the weakness in the next few months. They are trying to make sure they have balanced the markets and lets get this down further before we act too quickly. The market responded by arguing for prices to go up. In reality, we are looking now for potential move on production. I would say in the production announcement, they said they could deep or add more. I think that is a very important sign. If we see production from saudi, the rollover of barrels and now that demand is robust enough. Why are china demand concerns not having an impact on oil . We talk about equity markets trading and people are concerned of the slower recovery from china. Why is that not impacting oil . You are right in terms of the demand output on china which has been very, very volatile. It is hard. Over the years, ive got used to concerns of the china demand. China demand is always an issue. Trade wars and now china demand. It is fine. You see that with the prices and the data that suggests that while being focused on services, you see the pick up with petrol. I think china demand is okay. I dont think it is bad. Reality, we have seen a lot of head headlines of weak economic output. If your strategy at opec is to take inventories down to the level in line and if china demanded is weaker, they can respond. It is better to go into whine wea china weakness. Let me ask about what this means for the u. S. With the production cuts. The cuts and rise in oil price comes at a delicate time for the u. S. With biden heading toward the next president ial election and prices at the pump is a headwind for him. What are his options . What can the administration do to try to bring prices down . Thats a great question. What they have done is release spr which has worked. You think of global inventory and what opec is trying to sell and you have to include u. S. Inventory for spr release and then you have venezuela, libya and iran all adding barrels. Taking that production as a whole and has seen the price hang on. Saudi had to neutralize that. With that in mind, what is left for the u. S. To do . They can allow more drilling at the pump. I argue a high cost of debt and equity and they have to return far more cash than they used to. Productivity is slowing at the well. What if we have a new president where they see a lot more investment in shale . You cannot slow magic dust on shale. Productivity has slowed. The only thing is to encourage other countries to produce more and limit exports. You have seen the u. S. Do that before. U. S. Export ban would be the final straw. That would be one of the the tools in the the tool box as President Biden refers. What does this mean for the expectation of the price of oil . At the short term, we feel it will trade 1,800. We talked about potentially hitting through the we go throu we will see china evolve and what does the u. S. Do and how does shale respond. For us, one of the most important data points is we test at 70. You have to test the marginal costs. We can predict it. We got to 70 and it bounced off. That marginal cost and we are looking at a higher cost. I want to take your attention to what is happening in the gas space. This time last year, we were dominated by gas storage and how things were sitting for europe going into the winter. We understand now that gas storage levels in europe are quite high. They built that buffer. We had talks of potential industrial action coming from australia. That sent the price of ttf up 10 . It tells you that market is vulnerable to external shocks. What do you see happening with ttf over the course of the next few months . It is a tough one. Much harder to call. As a house, we are bearish on gas prices. We are 50 storage by march next year. We have a pretty good buffer. If it gets really cold this winter, we can expect anything. If it gets very cold, we have a problem. The market can tangle and is pricing to a fair degree that expectation is plenty in the buffer for the end of the year, but if we do see a cold winter, it is a massive uptick to year end. It is volume tavolatile. My preference is oil over gas. You only play that to stocks, but apply to commodities because there is a finger in the air over whether it is called. With oil, you can track it better. It is a high quality proposition. Just quickly, if you were an investor and wanted to hedge for the ttf prices, where is the best place . You are looking at equities and where to play for the stocks. You are looking at gas companies. Thats what i would think about if we see a rally in gas prices sdpprices. Christian, thank you for coming on. Global head of energy at jpmorgan chase. Quick check on wall street before we hand you over to the u. S. Colleagues. Gains across the board. You notice we have come off the highs of the morning. Dow looking to at 66 appointpoints at the open. A big week for data. Inflation data on wednesday. Ppi numbers on thursday. A lot to watch out for in addition to the a. R. M. Listing. And how could you forget ecb . Here on thursday covering that important event. That is it for todays show. Im Joumanna Bercetche. Im julianna tatelbaum. Worldwide exchange is coming your way next. 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. It is 5 00 a. M. At cnbc global headquarters. Here is your top five 5. Consumer prices cdominate the market this week. Right now, futures are higher. Wall tstreet getting set fo the cpi report this week and what it means for jay powell and the feds next Interest Rate call. Happening this morning. President biden getting set to depart vietnam after the Southeast Asian trip after