Good morning welcome to Worldwide Exchange here on cnbc im sara eisen im mike santoli in for wilfred frost. Lets check in on the Global Markets before we take you to europe show you what futures are doing in the wake of yesterdays session which really showed markets little changed the nasdaq did outperform. It broke its threeday losing streak plenty of moves to talk about. Tesla down 7 costco reporting great samestore sales overnight well get to that. Heres the future setup. Nasdaq down 13 dow futures down 8 s p down 3. 5 the tenyear treasury note yield, took a step back after climbing pretty steadily over the last week or so. Looking at the tenyear now, a little bit firmer, 2. 34. Kind of a mixed message from the big event yesterday which was the fed minutes from last meeting, not really a consensus on when to start shrinking the Balance Sheet or raising Interest Rates in a period of low inflation. The word is that that will proceed as planned dent give traders much to trade on in ter
Carl quintinilla with sara eisen, john fon fortt joins us crude inventories, lets send it back to jackie. Carl, you can see prices are spiking on this report it definitely was bullish, what i have is a crude drawdown of 6. 3 million barrels, a gasoline drawdown of 3. 7 million. These are more in line with the seasonal trends, more in line with what we heard from the api last night that makes sense, you have demand coming from summer driving, fourth of july, Holiday Weekend as well. I dug into that report, production did go up that 100,000 barrels we lost last week, we gained it back this week. Im not sure how people are going to interpret that. Im assuming its probably going to be a bearish sign mixed in here we were trading 4575 before the report came out, 4624 now. Back over to you. All right, were watching crude along with that, jackie, thank you very much. Meanwhile, the president arriving in germany earlier this morning ahead of the bilateral talks with chancellor angela merkel, c
Growth of 0. 7 fail so impress investors. And clack action. Shares of novo nordisk sink after a u. S. Law firm files suit against the danish drugmaker over allegations of concealing pricing pressures in its earnings release. Good morning. Welcome to street signs. We want to kick off with breaking data out of germany for the full 2016 gdp data. We are looking at an increase of gdp of 1. 9 year on year. Some forecasts were looking for something as high as 2 . Looking at the components breaking down the picture, private consumption higher by 2 . Government spending by 4. 2 . Now, looking at the household consumption, that was also 2 higher on the year. This follows disappointing retail data we had out a while ago from germany. Overall the gdp figure is higher by 1. 9 . That compares to a forecast coming from reuters for 1. 8 . When you look at the comparison, this figure slightly ahead of expectations. Lets talk a bit also about oil. We have some flashes coming through on norway. Just try
And World Business report. A free and fair Trade Relationship thats the message from the us as mike pence continues his tour of asia. But what does that mean forjapan . We get an expert view. And banking on reform from President Trump, but as yet no news. Goldman sachs and Bank Of America are the latest to reveal their earnings. Im sally bundock. In a minute, well cross over to asia to hear about a potential takeover of one of britains most popular breakfast cereals. But first, as we speak, the us Vice President mike pence is en route to tokyo where hes meeting with the japanese prime minister, shinzo abe. In recent weeks, President Trump appears to have softened his stance on trade after taking aim at some of the worlds biggest exporters during his election campaign. In the case of japan it has been accused of manipulating its currency for trade advantage, something the japanese have denied. And the Trump Administration is hoping to reverse the Trade Deficit between the two nations wh
Shore. Its being investigated for possible links to the missing malaysian airliner. More crew members from the capsized south korean ferry are arrested as divers continue to retrieve bodies. And celebrating st. George, the patron saint of england and also the west bank. Also in the program, aaron is here. Its all about the future of the worldwide web. Absolutely, tim. The question being asked today, who should run the internet . At the moment its the United States. But as the industry gathers in brazil, the talk is they want that changed. Were asking if its not the u. S. , whats the alternative . Hello. It is midday here in london. 3 00 in the afternoon in moscow and 8 00 p. M. In tokyo. Where 2 1 2 years after promising a pivot to asia, president obama is back in the region. Hes just landed in japan. His message to political leaders there as to those in south korea, malaysia and the philippines is one of u. S. Reassurance. The president s tour focusing on security and trade is missing