tesla slashes price in japan and south akorea and chin and now the model y is 40% cheaper. and china loosens mortgage rules in the bid to boost the property sector and prepares to ease the three red line restrictions on development for borrowing. good morning warm welcome to "street signs. european equity markets on the muted note stoxx 600 is up five basis points investors bracing for the all important non-farm payroll report due from the u.s. this afternoon. we did get strengths in the last couple days. the results are positive with the labor market adp employment report yesterday and the weekly jobless claims. all eyes on that report and the implications it may have for fed policy moving forward. because of the strong numbers on the employment front, investors pricing in more rate hikes from the federal reserve. the key question and we will discuss through the program is whether good news is bad news for markets. breaking it down by regions. ftse 100 is up 18 points the ibex in positive territory pull back in territory dax down 15 basis points in addition to the non-farm payroll report, we are also looking out for a key inflation print from the eurozone. the cpi figure for december coming out in an hour. arabile. the u.s. has been in focus and chief james bullard says the chances of a soft landing is rising and risk of recession is easing and 2023 could be a disinflationary year it is not restrictive, but moving in that direction it should reach this year. speaking a day before the non-farm payroll report, he expects the labor market to remain resilient this is the treasury picture inversion is still remaining where it is right now. to the inflation picture and speaking to the u.s. colleagues st. louis reserve president esther george says the u.s. needs to stay stutough. >> we understand it will require action we have been moving our forecast up to higher levels. you saw that in the recent dot plot that came out in december i think holding that until we get confidence that inflation is actually coming down is really the message we are trying to put out there. >> george also said the rising rate environment made the economy vulnerable it is possible the u.s. can avoid recession. >> i'm not forecasting recession, but i'm realistic when you see the low trend growth and idea that our instrument is going to work on demand, bringing that down, it doesn't leave a lot of margin there. so, any shock could come any risk to the outlook could send the economy in that direction. >> omega family offices leon cooperman has another idea he sees recession by the end of the year he said there is only a 5% chance the s&p will top 4,400 points this year >> anybody looking for new bull market any time soon is looking the wrong way. we have had speculative financial history. spacs, crypto, weekly and daily options. crazy valuations of the would-be faangs and going into a new bull market soon makes no sense to m me. >> u.s. companies added more positions. as i mentioned, private payroll grew in december which was well ahead of the 153,000 estimate and sharply higher than november initial weekly jobless claims fell to 204,000 and continuing claims also fell >> job growth is expected to slow in december 200,000 non-farm payroll jobs were added last month. that is down from the month of november average hourly earnings growth is expected to ease on a monthly basis while unemployment is expected to remain steady at 3.7% vince chenu is joining us now. vincent, thank you for joining us now that is strong data coming from the jobs market one would look at this is all in the eye of the expected recession should we be looking at this and think clearly it is a clear and virtual sign that recession, if it does come, really won't be that deep? >> it is likely to be shallow indeed and clearly that strength of the labor market makes the job more complicated for the fed. employment is lagging indicator. i'm still looking for some slowdowns and deterioration of the labor market down the road later this year. it has been remarkably strong. when i look at the rate we got for the month of november at 2.7%, that is still very high. the average of the past 20 years is like 2% that is a tight labor market much too tight for the fed to get comfortable without the pull back in inflation. they have more work to do. that resilience of the job market complicates the fed job there is talk that companies are basically holding to their employees because they are concerned once we pass the shallow recession and it will be hard to hire again that could change the dynamics of the job markets and the slowdown it really makes that fed job harder >> you pointed to a possible cut in the interest rates particularly in the latter part of 2023. is there worry of inflatio creeping back up, you know, if not late this year or early next year as well what depoes it mean for the long long long-term inflation figure >> i don't think it will change that target. i do believe we may see a cut later this year, but very late this year. i don't think that process starts early in the autumn i don't think from the market point of view we should push from the fed too quickly right now, the fmoc members do remain concerned about upside inflationary risk. if you look at inflation index they have in the fmoc, it shows that overwhelmingly fed members are concerned about the upside of inflation the risk is they tighten more than expected and that they do not cut as quickly as expected because they want inflation to get down >> looking a little more closely at the market reaction so far, yesterday, we saw investors price in more rate hikes from the fed on the back of the stronger employment reports. adp and weekly jobless claims. what about the non-farm payroll reports today? is a strong number going to be bad for equity markets >> i would tend to believe so. we had a pretty strong start in equities this year i think the market increasingly is pricing that rosy scenario whereby inflation would cool down pretty quickly and we get a soft landing not a recession, but soft landing. that, clearly, is the perfect scenario i think it will be difficult my concern is that a job that remains strong and the market that continues to worry about the fed and it is too early to position for it. when you listen to powell in the last fmoc, that was a concern that inflation was still way too high and the labor market was still red hot. any member means the fed is concerned and they tighten and potentially overtighten. in our book, the fed is in restrictive territory. they might go further up in the restrictive territory. >> interesting you think they are in restrictive territory. i also foundynamics with companies. companies are holding on to employees because they feel the recession will be short lived and shallow. what will crack the labor market if anything? the last couple days focus on the tech sector and amazon announcing tens of thousands of job cuts and a number of u.s. tech players are reducing head count. how much of a debt ant will the layoffs in the tech affect it? >> that is a big question mark in the labor market going to believe in that slowdown is it going to believe differently from what we have seen historically? possibly i think companies realize they were a bit too quick laying off people after that, it was hard for them to hire them back. you know, that may change their behavior in this slowdown. what will crack the labor market, eventually, i think, is lower profits. the market is not pricing in that yet consensus is still looking for a small increase in profits this year which is optimistic if you look at leading indicators, they are pointing toward a decline in profits. probably something around 10%. when those profits numbers deteriorate, yeah, it would be a tradeoff for companies between making savings, but also making sure that they are positioned and benefit from the recovery when it mes. outlook for theoff that clearly labor market >> live from paris, vincent, thank you. we will look out for those numbers on the jobs numbers later today. vincent is the head of research. a programming note, our u.s. colleagues will speak to raphael bostic later today that is happening at 4:00 p.m. cet. coming up on the show, tesla sinks in the pre-market as it slashes prices in asia the second cut in a quarter in china where the model y is now on sale at a huge discount to the u.s. the details are coming up next when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. welcome back to "street signs. bed bath & beyond reaching 30 year lows on thursday. the retailer warned it is running out of cash on the reports it could file for bankruptcy the firm is considering withholding interest payments on $1.5 billion of debt due february 1st triggering a 30-day grace period before it defaults the retailer posted a $385 million loss in the third quarter. samsung's quarterly profit fell to an eight-year low. the south korean electronics giant has seen leower demand fo chips. sherry cheng filed this report >> reporter: the number one chip maker has a 49% and nual decline it was a 3% miss and the lowest in eight years samsung added the comments on top of the guidance which was rare saying it was the macro back drop that led to the slowdown samsung says a sharper than expected fall in memory demand is because of the clients worrying about consumer sentiment worsening. on the mobile side, sales fell due to weak demand resulting from prolonged macroeconomics issues the stock pushed higher for the day and for the week after the 29% decline in 2022 with some money betting on the chance of bad news baked into the stock price and applying the same playbook from previous cycles. cnbc spoke to the analysts and both suggested that samsung going for an output cut. it would mean a major supplier discipline on the supply side which is usually a positive for memory chip prices and earnings down the road. the chip giant full earnings report and conference will happen later this month. i'm sherry kang for cnbc in hong kong. and shell expects to pay $2 billion in eu and uk windfall taxes in it the fourth quarter the energy giant said outages in australia will affect lng production in the period you see that stock price will go up 1%. it did fall from a positive to overall in oil price which was higher, but sitting mostly from the in this morning's trading picture. although oil majors have moved in a similac dirr direction for most part. shell and bp is .75% to the good 1% for totale. let's head over to the uk with house prices the rate slowed to 1.5%. that is according to data from halifax. the reading dragged house price growth down to 2%. that's the country's lowest level since october 2019 german industrial orders fell 5.3% to the lowest number since july of 2020 that is after the 60 basis point jump in october and worse than the decline which was expected by economists that were polled by reuters stellantis is launching a knew auto software business will leverage data from stellantis vehicles that share price going up nearly 2% in today's trading picture. it is up around 11.5% on a three-month basis. to banking takeover talks with abu dhabi bank, but no longer do something. the lender was looking to acquire the bank to boost the presence on the back of the news, 1.8% weaker on the chart today. 692.2 today. now sodexo reaffirming outlook after the bump in the first quarter sales to 6.33 billion euro that is more than 1 billion euro increase on the year the french catering firm warned it doesn't expect momentum to continue with growth expected to ease in the second half of the year sodexo is down 3% this morning up around 5% on three months here is the story that has taken the day by storm tesla shares lower on pre-market after the ev maker announced price reductions in japan and in south korea. this comes after the second round of price cuts in the country from the last quarter. the model y vehicle is now 40% cheaper to buy in china than in the u.s. this has been an interesting story because the focus, some might say, julianna, for tesla or elon musk hasn't been on tesla since he took over twitter. the question does become will he be able to wrap up the production he may need and with 55,000 evs in the month of december, that is 40% lower than the month previous 2022 was a better year in the ev market for tesla. >> i think it is important to break out the supply issues and demand issues for tesla. we got the disappointing news that tesla missed expectation for deliveries for the third quarter in a row, it missed expectations and the demand story for china china is essential for the tesla case china is 40% of tesla sales. it is considered a key pillar of the bull case for the stock. reality is tesla is facing increasing still competition in china. it seems as though they are not able to keep pace. it is worth noting the most recent price cuts in china come days after cash subsidies for ev buyers offered by the chinese government expired that is a factor in the price adjustment they made the other thing, arabile, i would flag is it feels for the first time in years, that's is view -- tesla is viewed as an auto stock rather than a tech stock. >> that issing interesting in 2020 when the stock had risen as much as it had at that point in time as you speak about delivery in the china market, the rival byd had delivers of 234,000 in the month of december. it is really a difference in that market that i think tesla is asking how does it do better. the man in charge on that side, zhu has taken on a more intense role in trying to release a little more in terms of the vehicles and how do you focus that overall, as you spoke of tesla and that investor sentiment, the question is if it breaks $100, that seems to be the next support level for the share price. how awry could it go 100 seems close now after going down more than 5% in pre-market trade already. >> i think what happened with the tesla stock and apple stock has captured attention of investors inside and outside of the tech space daniel ives has been a serious tesla bull has made the point the last couple years that the tesla story is all about china if tesla can crack china, that is tremendous upside for the company. just this week, he published a fresh note the major worry for tesla is the demand out of china is showing heavy cracks at the time ev competition is increasing. this could be really impactful for the tesla share price moving forward. jud just to circle the back to your comments about musk. this is all about the cars not musk and the reputational risk and he is spread so thinly across so many companies layer that on from the fundamental supply/demand story with the tesla cars, you have the repara reputational risk >> add on that with the high interest rates which have made car purchases more expensive could prices perhaps come down enough to help the story for tesla particularly over the next coming months or dropping that stock by 12% just yesterday on its own. that is a big fall it has now hit its lowest pe on record perhaps that could offer some sort of respite for the company. >> definitely. if you are a tesla bull, this is a bargain. coming up on the show, the chinese profit sector gets a policy boost, but weighing concerns on the supply conissues we'll have more after the break. emotional, and physical health. the sleep number 360 smart bed. it's temperature balancing, so you stay cool. it senses your movements and automatically adjusts to help keep you both comfortable all night. our smart sleepers get 28 minutes more restful sleep per night. the queen sleep number 360 c2 smart bed is only $899 save $200. and free home delivery when you add an adjustable base.ends monday ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't 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 you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. welcome back to "street signs. i'm arabile gumede >> i'm julianna tatelbaum. these are the headlines. >> european equities ahead of inflation data due in an hour and including the non-farm payroll report. shell will pay $2 billion in windfall taxes in the fourth quarter as the uk target the energy sector. tesla slashes prices in japan and south frekorea and in china as deliveries slow and model y is now cheaper in the mine mainland than the u.s. and preparing to ease the three red line restrictions on developer borrowing by the fed a cautious uptick is the tale of the trading picture. you can tell green, but not moving-e higher. european inflation set to be the key factor to look out for the next couple minutes. in 29 minutes, we will see the inflation number come out. italy and france and germany pointing to a slowdown will we see the same in europe that is the factor to look out for in the next couple of minutes. the day's pictures is around the fed and jobs numbers out of the united states. this is the picture for the currency markets a little bit of weakness from the euro as well as the sterling really flat on the main side 119 seems to be another level for sterling right now having dipped below that market picture right now. the dollar index is the one to look out for and if it will extend recovery as well to 104 mark which is interesting. on to the futures in the u.s. what do we expect to see red is what we may see investors still looking ahead to the december jobs report expected later today a strong jobs data yesterday did lead to declines pointing to further rate hikes ahead will that be the picture we will see. rapid rise of covid inflections in china is hitting manufacturing in the country hong kong shipping firm hls warned clients that 75% of the work force is infected and unable to work it will have to cancel or delay bookings andrew bell joins us now andrew, thank you for being with us this morning. i've been keen to talk about what is happening in global supply chains after the discussion you had with s&p earlier in the week around the pmi from the eurozone. essentially what we learned from the latest pmi is a lot of the supply chain pressure in germany and some other big manufacturing hubs in europe appear to be easing what is your read of the state of global supply chains at the moment is that the case >> i think it is we first started hearing about supply chains in 2020 or 2021 when the economies were coming out of shutdowns there was a shortage of chips. you had to wait two years to get a new car. over the last 18 months, some of those issues have smoothed out production has picked up people are resourced from different areas and demand softened a little bit. one example of that is in the u.s. monthly ism survey supply and delivery reading which is a measure of the stress in supply chains is lower than pre-pandemic clearly there are some areas where there are issues i think apple reported difficulty recently. i think the sense is that main driver of inflation is not shortage of components, but tightness of labor markets and surge in energy prices in the wake of russia invasion of ukraine. >> shift in terms of the drivers of inflation when it comes to china's reopening, how do you see the impact evolving on global supply chains it seems the picture is very different when you consider the short-term and medium and long-term with the turbulence involved with china reopening. >> short term, there was a huge surge in infection in december with the population with not a lot of exposure to covid because of zero covid policy suddenly had free moment a high level of infection and companies appear to be allowing workers to come to work if they are not too sick in other cases, people are voluntarily self isolating to avoid inflection it has been disruption to manufacturing during december. some of the hidden indicators, subway use which fell sharply early in the pandemic and in the last month, show signs in thing big cities it is bottoming out that suggests that working through the peak of the infection and the disruption to economic activity levels >> good morning to you, andrew is there such a thing as return to normal when it comes to the supply chains? you still have, as you made note of and speaking of right now, the issues are in china. you still have the issue out of the russia and ukraine region and the gas issue which will be quite interesting. plus, you have just a driver of inflation shifting across the world globally not looking to take in and take on as much as before will there be a return to pre-covid-19 levels with the supply chains? >> the world always moves on i think some aspects of the energy market will not go back to how we were two or three years ago. i think china reopening is a very big deal this year. one of the shocks if you like for last year is unexpected reopening in the rest of the world was met by china continuing to keep its economy shutdown when there was an outbreak of covid. that meant that was a drag on global activity. such is the importance of the chinese economy. i think although in the next month or so, it is likely as the peak infection -- we are hearing stories from well reputed sources of 2030 or even more of the population affected in the last month or so that suggests to me that in a short period with the traveling with the chinese new year, the epidemic in china is likely to peak on the back of that or in the wake of that, it seems likely to me that growth woill pick up sharply by the end of the quarter or by q2 china is very much a major production base for industrial components the other thing that is interesting is a much softer tone in terms of the political comments from the chinese government the foreign minister used to be the ambassador to the u.s. he has made comments he admired americans and america. there was a report if they known russia was going to invade ukraine. that is different from the scratchy relations in the last few years. i think that matters it doesn't mean the risks of geopolitical squabbles have improved the mood you were mentioning early on with the stimulus to the property sector to make it easy to buy through mortgage and through debt forebearance makes it easier for companies to operate. i think china reopening is as big a deal for the world economy as the u.s. slowing down this year. >> andrew, the reigniting of the trade war to covid and pre-covid levels is unlikely at this stage considering the policy risks in yas asia >> i think the mood of cooperation or friendship, if you like, that happened five or ten years ago with china and the u.s. as political rivals will not return likely. >> it does seem like we have lost andrew. really interesting comments, julianna, really noting around the reopening. you risk around china still remaining. fresh in people's memories perhaps weak when one considers they still have to deal within themselves the regret, if you want to call it that, saying that they may have dealt things better if the russia and ukraine hadn't happened >> the market narrative and comments were interesting. last couple of years china has been closed. it has been impactful from the s supply chain perspective his comment was the china story and macro story is going to be just as important to the u.s. economic slowdown this year which is important i look forward to more chats in the weeks ahead. andrew bell. ceo owitan trust you can check out cnbc.com for more information. and china central bank will ease mortgage restrictions for buyers in certain conditions china is also planning to relax the so-called three red line resdrix restrictions on borrowing. that is according to bloomberg which said the chinese government to delay deadlines for meeting targets. sam baddas has the report. >> reporter: the new mechanism for mortgage rates for first home buyers. if cities see home prices fall three months in a row, the limit on the rate could be reduced or ska scrapped it could spur buying demand weighed down by the cash crunch and covid curbs. it could reduce the amount it costs for the first home buyers at the time when chinese citizens worried about income and jobs perhaps in a bigger policy shift, china may reportedly now ease up on the three red line rules for the property sector. this framework was set up in august of 2020 the campaign to try to improve financial health in the sector and also financial risk to prevent that essentially reduce the amount that companies can borrow which exacerbated that cash kcrunch now china may add more leverage and push out the grace period for targets. this comes as china has been dismantling the tough elements of the zero covid strategy which weighed on the property maurrke. chinese stocks kicked 2023 off on a bullish note. looking past the data we have been getting and really looking to the reopening and recovery and betting on the stimulus hopes. in singapore, i'm sam baddas back to you. >> that property sector is one to really take a look at and now finally deciding they will rescue the property sector with the more concerted effort than before. the news with evergrand was the talking point. it did not seem they were keen to help out. it did seem almost opposite to what the u.s. did in the financial crisis of 2008 and 2009 when the government played a key role in that bailout structure. now perhaps a changing of rules might help in the situation. trying to bring back a sense of liquidity in the market could certainly push things along. i think, for one, you will find a lot of the real estate stocks will enjoy this fair bit some have been gaining 3% on the back of this and the prices for the china dollar high yield notes will reach levels last seen in january last year. these look to be some positive notes for that chinese market. >> i think you are right about the chinese authorities wanting to be concentrated and focused about the stimulus they provide. they have been clear that they don't want to flood the economy with stimulus. at the same time as sam outlined in that report, this is a bullish signal and start to the year in terms of policy from the chinese government they clearly are trying to get the economying g going again afr years of covid restrictions. to your point of market reaction we have seen a reaction and more of a positive reaction in the months to come, but the reality is the china market has seen a big bump in recent weeks if you are an investor looking at stocks, the question is not whether we're going to see a resurgence in china, but if it is priced into markets or if you missed it if you haven't gotten involved yet clearly as we heard from the last guest andrew bell, the china story is central to not only chinese markets, but the rest of the world. >> important to look out for that we will follow that story as it comes along. coming up on the show, the big one. the u.s. non-farm payroll for the month of december due in a few hours. we'll discuss more after the break. welcome back to "street signs. voting for the u.s. house of representatives speaker will continue for a fourth day after kevin mccarthy notched 11 straight failures to win over republican colleagues. that's the most since the american civil war mccarthy and allies are trying to hammer a compromise with the 20 members of the party who have voted against him. focused on change of how congress operates. ryan nobles filed this report. >> reporter: with the standoff turning to stalemate, some say a deal is close in the quest to b. so far, the results have not changed. >> kevin mccarthy of the state of california has received 201 >> reporter: mccarthy has over 1 200 republicans votes, but 20 blocking him from victory. this is after concessions, including allowing one member to call for a vote to remove the speaker and giving the conservative freedom caucus seat seats on the rules committee the offer was not enough now some conservative critics are slamming the opponents >> he has 203. your side has 20 why is it time for him to withdraw and not you >> sean, he needs 218. we have been trying. >> neither do you. >> reporter: lauren boebert says it is kevin mccarthy >> my vote does not get mccarthy a speakership. >> reporter: ryan zinke of montana supports mccarthy. >> you are not unified yet and this is a long process >> we will find out. never quit i'll be here as long as it takes. eurozone inflation data is due out in a few minutes time. this after readings from germany, france and spain came in lower than expected today's print is expected to sink into double digits for the first time in three months with the economists expecting a read of 0.9%. in november, it hit 10.1%. >> it is really the question if the down side surprises on the inflation front in europe will deter the european central bank to push ahead with rate hikes it doesn't seem they will change we will wait and see as for u.s. markets, we are looking at a mixed start not a huge amount of movement. the dow jones industrial average and s&p and nasdaq flat as investors brace for the non-farm payroll report this afternoon. job growth is expected to have slowed in the month of december according to estimates, 200,000 non-farm jobs were added last month. down from 263,000 in november. arabile, the report today, i think goes without saying is really important for markets number one, the fed has done away with forward guidance all emphasis is on the data and approach to policy is poised to be dynamic what we know so far this week is the labor market reports we have show the labor market remains strong adp, private payroll report and jobless claims which came through yesterday. the fed is trying to slow the hot labor market and trying to combat inflation the question is whether a strong report today will be a negative for markets. so far, it keeps the fed on the aggressive rate hiking path. >> it doesn't give a clear sign of what direction. you expect one theory to hold when it comes to a market picture and in time of recession and things slowing down. you should be seeing, you know, employment drop off significantly or go higher in terms of unemployment. that certainly hasn't been the case you only see months like march in august which were really good months last year for u.s. non-farm payroll numbers around the 200,000 has been steady print with that the case, you continue to fight against inflation and how much more impetus does it give the fed to continue with the hikes of 50 basis points and later in the year look to say we don't need to look to a pivot as earlier guest was saying as well vincent said looking at a pivot is perhaps the last thing we should do because it is actually holding up the market is actually holding up again, the fear could be the rehiring you don't want to let go too much the tech sector let go quite a few people they have been the heavy ones to let go and that hasn't dented the market as much as thought. >> it hasn't dented the market obviously the report today is backward looking and impact of the tech cuts that are poised to come through now won't be seen for a while. i think the consensus view is we are poised to see thousands of cuts from u.s. technology companies, it is not expected to have a major impact on the u.s. labor market i think coming back to the report today and in a decision -- addition to the headline number is wage growth. economists worry should wage inflation spiral, they fear that is hard to get rid of. it is really sticky. in addition to the headline, that is the key to watch on the note, unemployment rate is poised to stay 3.7% hourly earnings is expected to grow 0.4%. >> what happens to the dollar in the near term? it probably gets the near-term lift from the news will it gather the magic of 2022 where it maintained a strength on the back of the positive data the fed probably only has a couple more hikes in the tank. 50 basis point hike here and there. does the dollar look at that strength and think we could probably go on the u.s. dollar index going up 104.8 is the hurdle the maybe 105 might be it? at what point does it feel weakness does it say in the long term this is still not looking good for us and maybe because the 75 bps is in the past >> because of what happened in the bank of england and the pair currencies at the moment is the issue. the ecb will continue hiking after the fed pivots and the bank of england the same different policy paths on the markets, we are seeing green across the board the positive momentum gathering pace ftse 100 now up .25% we are seeing a bounce in shell after the update swiss market up .30% leading the gains on the down side with dax under foreperform down 15 points arabile, the flash pmi is out. stay tuned on cnbc for key updates and the non-farm payroll report that is it for "street signs." >>'mumlianna tatelba i arabile gumede. "worldwide exchange" is up next. science proves quality sleep is vital to your mental, emotional, and physical health. and we know 80% of couples sleep too hot or too cold. introducing the new sleep number climate 360 smart bed. the only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't 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 you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. it is 5:00 a.m. here at cnbc global headquarters. here is the top "five@5. wall street looking to close the week in the green. futures are looking mixed right now. investors attention on the labor market and the hiring nu numbers which continues to defy inflation. the december jobs report out in three hours. tesla closing out another rough week the company is slashing prices in china again. back to washington, d.c. the house speaker vote dragging on for a third straight day. this i