time now for business and let s bring in rosanna lockwood joining us live from london. we had a choppy trading session on wall street yesterday. stocks falling once again over primarily worries about inflation. investors are going to be keeping a close eye on corporate earnings this week. what can we expect? yes, it can be an interesting one. for the first quarter. and the disappointment is expected, with such strong results a year ago bouncing out of the pandemic for banks and this is baked in for the companies, and netflix reporting today, particularly interesting to watch that, because when they pulled out of the russian market, they lost around a million subscribers, which will have an impact, and some people are also saying that the streaming boom is over. that kind of huge boom we had through the pandemic. because of the cost of living crisis being felt in the u.s. and u.k. and elsewhere, people are cutting back on most of the nonessentials like netflix.
time now for business, and for that, let s bring in cnbc s rosanna lockwood who joins us live from london. good morning. thank you for being here. wall street extending its losing streak for the last week. stocks fell yesterday. seemingly over concerns of the federal reserve s plans to combat inflation by increasing interest rates. how does it look like in the rest of the world? inflation front and center, on everyone s minds worldwide at the moment, the overarching impact on every market. in europe, we acquired kind of a mixed lead from the asian stock market overnight and a very negative day, on this tuesday morning, with all of the major board indexes, in europe, in the red this morning. the most though, the dax, in germany, not surprising, because the big story in the european markets today, but it is going to continue stateside as well,
so less look at business, and for that let s bring in cnbc s rosanna lockwood live from london. it has been another volatile trading day on wall street yesterday. all three major int indices fell for the third straight day in a row and all of the good news about the gdp, when is the rollercoaster going to stop? i wish chi tell you. it is getting a little bit seasick for traders after the week in the markets. volatility we haven t seen since the 1980s. especially the nasdaq. meantime here in new york this morning, it is a here in europe, most major indices are down. and we had economic data, germany france and spain. germany not fairing as well as as expected and did bring in quite strict omicron curbs in q4 and that is affecting things for europe s largest economy. meantime sector-wise, banking down. retail doing well. strong earnings as companies
morning, and many of you already know, that america s job machine is going stronger than ever. that was president biden on friday, delivering remarks following a significantly better than expected jobs report, revealing the u.s. economy added 467,000 new jobs in january despite the omicron surge and revisions up from the previous month. let s get more on that with cnbc rosanna lockwood joining us live from london. great to see you this morning after that stronger than expected jobs report on friday, investors are turning their focus on fresh consumer inflation data and earnings. give us a sense of how the market might play out this week. that s exactly right. i think it s fair to say it was a mammoth jobs report, quite big numbers and that will get the market somewhat excited, you think it would actually change the appetite of potentially the further central bank rate hikes from the fed. but as you mentioned, it is the
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