good morning. very warm welcome to worldwide exchange here on cnbc. i m wilfred frost. i m seema mody in for sara eisen. good morning to you. nice to have you with us. good to be here. let s check gobel mlobal market. futures or i should say u.s. stocks ending higher yesterday. the s&p closing about 1.6% away from the record closing high. futures indicating a lower open. down 3 for the s&p 500. dow jones off by 14, and the nasdaq off by 3. this as we kick off the earnings season for q1. treasuries have been in focus. yesterday fed chair janet yellen dropping a hint that rates will be likely rising again shortly. the ten-year yield hanging out around 2.3% to 2.4%. right now at 2.34. let s look at equities around the world. asian equities first up. the nikkei and hang seng both down a bit today. hong kong almost down three quarters of a percent. shanghai up about 0.6%. european trade to move on to that, we had some data hit the wires. eurozone industrial output down
yesterday? what did you think? weird, right? what you are talking about? went all the way up. yesterday s session? yeah. what happened midday that knocked that off? they thought it was the ap story about trump s tax plans, how they ll scrap it and start all over again. i don t know. during the day, the guy in north korea said we re this close to nuclear oblivion, the markets just tread water. but then the tax plan. syria saying, yeah, russia said one more move, we re at war. and then the futures didn t move. but then they said something about the tax plan, could be a week late, the markets moved. that s very telling. how do you price it in? you can kind of when the world ends, it doesn t matter might as well trade until it does. flight to safety. i m in safety. it doesn t matter. even oil, with everything happen. when music is playing, you have to dance. quick heck on what s going chec in europe and then oil. the dax down a bit. cac, we wil
points and the s&p, moving the monitor so i can t see it. up three-quarters of a point. and the nasdaq is lower by 31 points. where are we headed to from here? let s get to bob pisani on the floor of the new york stock exchange. bob? hello, michelle. we re flat because ibm has been a drag and tech has been a drag and the question is can we hit new highs and the key, remember, may be earnings. markets have moved up. they have been a floor under the market and the market believes that, off the low and china hasn t gone away and it s been a lot quieter. earnings have been the big problem and the missing ingredient. we ve had four consecutive quarters of negative earnings growth right now and q2, the one that we re in now that everyone is talking about, only down about 3% and it s been stable in the last week or so. not reducing the numbers anymore. we could go positive meaning that ends. johnson & johnson and philip morris raised their guidance on the weaker dollar helping
talks today and reconvene in december. successful talks could open the door to ending sanctions on iran. brian, over to you. thank you very much. good morning, everybody. in corporate news starting your week, american airlines and its pilots union say they will keep talking with the goal of reaching a new labor deal by mid-december. the two sides putting off a plan for arbitration. by the way, shares of american have been up this year 70%. speaking of the skies, commercial drone users are still waiting for new federal rules. the day s wall street journal is reporting the faa will require operators to have a license, limit flights to daylight hours, remain below 400 feet and stay within sight of the person at the controls at all times. and the 2014 shipping season is coming to a very early end on the upper mississippi river. the reason? ice. this is said to be the season s earliest closing in nearly 50 years. it is bad news for many farmers who are now going to have to fin