Welcome news, but a long way to go. What happens now . Welcome news, but a long way to go. What happens now . Good morning. This is the first step what happens now . Good morning. This is the first step that what happens now . Good morning. This is the first step that does what happens now . Good morning. This is the first step that does indicate is the first step that does indicate they could be a socialist led government in the future weeks, but it was an inconclusive General Election with a hung parliament, so there is still a chance there will be a Repeat Election in a few months. Nothing is clear yet, but we know that might become certainty. We will see how this changes in the next few weeks. In principle there is a deal between the socialist. We will find out pretty soon. This is a deal between the socialist. We will find out pretty soon. Will find out pretty soon. This has all weighed will find out pretty soon. This has all weighed quite will find out pretty soon. This has all w
Today. Were going to preview whether targets results will hit that bulls eye. And later on the show, the Company Still trying to get workers back to the office and a looming reset of billions of dollars in commercial real estate loans, a health check on the sector from one of the biggest players in that market it is wednesday, august 16th, 2023 youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start the day. Breaking Economic News at this hour the latest snapshot on the state of the eurozone with Second Quarter flash gdp. Our london newsroom has the numbers. Good morning good morning, frank yes, so the numbers have just been hitting the wire now. This is the second estimate for the Second Quarter gdp coming in at 0. 3 quarter on quarter, in line with the initial estimates. No real surprise there annualized basis, were looking at 0. 6 year on year this tells you the eurozone economy did actually show
The japanese Financial Companies because we have the likes of mitsubishi and more, all releasing their numbers. Nomura also one we are tracking, given he reported earlier this week. A big interview earlier with the head of wholesale banking speaking about the outlook for japan. He sees the japanese yen strength coming back so perhaps a question around whether boj moves with the policy settings. He also sees the 10 year yield exceeding 1 . You see continuing yields ticking higher. We are around levels we have not seen going back to november of last year. Equities wise you have optimism but that very much tracks the wall street day given we saw the s p 500 pushing higher ahead of the u. S. Inflation print. Haidi take a look at the day after the budget. The big headline is after back to back surpluses, the budget is set to swing back into the red. A lot of this has been funding for legacy programs were left unfunded by the previous government. Some of this also comes down to some of the s
The dow, s p and nasdaq all now negative for 2018. Thank you for being with us tonight, everybody lets begin with guy adami guy, after a week of reckoning for stocks we are left with a hard question. Is this a healthy run of the mill correction . Or the start of something bigger, perhaps a bear market . Because i can say that thousandpoint drops have really never happened in the market unless we have a serious, serious issue. We have never been this high. To tims point. And you know this, yes, at 27 n. O. W. In the dow 1,000 points is obviously different than at 15,000 in the dow. Obviously it creates headlines because it is a significant number for context, though, the levels where we are now in the s p and the dow jones is where we were at thanksgiving. At thanksgiving everybody was talking about how great the market was number one, im not dismissing whats going on. What i think is happening here, clear of what everybody has said, volatility has taken over. Stocks have become Collate
This week, lady becomes model. Man becomes ape. And spen becomes trump. As donald trump great, the best. 0k, movie quiz time. Five points if you can name this film. Correct its raiders of the lost ark. No, that is not harrison ford, that is the face of nicholas cage. 0k, try this one. Yes, it is the fellowship of the ring. 100 points if you spotted nicholas cage, nicolas cage and nicholas cage. So, what on earth is going on . Were just about getting used to the idea that there are loads of fakes online. Fake news, fake tweets, fake photoshopped images. But these videos are a whole level above anything that weve seen before, and they may have consequences that go far beyond just switching out a few movie stars. A lot of what we talk about over the dinner table is, we live in a diverse world. Researchers at the university of washington released this video last year, which used a Computer Vision algorithm to very convincingly doctor 0bamas mouth movements to make him lipsync to something