Combine creating the u. K. s biggest internet and phone operator. And decision at don. The bank of england makes a rare earlymorning rate announcement imminently. We will speak to governor bailey leader on today about that decision, but a mission to china. The who considers investigating the source of the coronavirus as britain prepares to ease parts of its nationwide lockdown. Just under an hour away from the start of cash equity trading across europe. Lets take a look at where futures are trading. Actually, are we getting bank of england headlines now . Are. Yes, we bank of england votes unanimously to maintain its benchmark Interest Rate, to keep it unchanged at 0. 1 . No change in the kiwi program and no change in the Interest Rate. The pound is Holding Steady against the u. S. Dollar as a way there had been increased volatility in the pound heading into the decision. We are also getting a lot of indecision over how the expectations for how the coronavirus will hit the u. K. Voted
Well, good thursday morning and welcome to squawk alley. Im Morgan Brennan with david faber and mike santoli, live from post 9 here on the floor of the new york stock exchange. Carl and jon are both off this morning. Stocks are staging a recovery today. S p coming off its largest comeback since december of last year on pace for its Third Straight day in the green, but is todays rally sustainable or is more volatility ahead . Key question for investors joining us now is Wells Fargo Asset Management multiasset strategist, brian jacobson, and invesco, vice chair of investments, krishna mumani. Krishna, ill start with you what do you think . More volatility ahead . I think volatility is to be expected in a stock market thats dealing with lots of issues but at the end of the day, the real question is, where do we go from here . And as the economy stabilizes in the second half and trade issues dont get exacerbated further, the markets are probably going higher rather than meaningfully lower.
And just how high the a. I. Trade can fly. And tracking Consumer Spending trends ahead of the unofficial kickoff of summer its friday, may 24th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Thank you so much for being here with us. Lets get you ready for the trading day ahead. We kickoff the hour with the stock futures check. Take a look. The futures are in the green. The dow would open up 20 points higher right now, the markets are looking to rebound from the selloff fueled by concerns of the fed and outlook for cuts that negated another Strong Quarter from nvidia. The dow had the worst day since march falling more than 600 points closer lower by 1. 5 . The nasdaq and s p 500 having the worst day since april with the s p on pace to snap a fourday win streak. For weeks, we have been debating if the earnings were the driver for the fed. We got our answer yesterday. Stronger than expected pmi numbers weighed on investors with
Screens, announcing two new today. Both have a 5. 7inch display, slightly bigger than the 65inch display on the iphone plus, and they work with a new mobile payment is to, but will these products help samsung take on apple and rising chinese competitors . A Strategy Analytics director who covers smartphones joins us be a skype from london and we also have these of posco global head of innovation. Visa is partnering with samsung on its mobile payment system. We also have the set we global head ofs innovation. The phones are almost identical, except the edge has this wraparound screen. The note has a pen. What stands out to you . Out is thelly stands wraparound screen. Two screens in one phone. A big screen on the front and a smaller screen down the side. For the note device, what really stands out is the pen device, which you can use for functionality like writing in businesso pdfs use. Two very differentiated phones. Big unveiling. We heard from the head of mobile. Take a look at what
Both have a 5. 7inch display, thats slightly bigger than the 5. 5inch display on the iphone 6 plus, and they work with a new mobile payment system, samsung day. Samsung pay. Will these products help samsung take on apple and rising chinese competitors . A Strategy Analytics director who covers smartphones joins us via skype from london and we upon visas global head of innovation. Visa is partnering with samsung on its mobile payment system. We also have visas global head of innovation. He will be with me through the show. Neal, i want to start with you. The phones are almost identical, except the edge has this wraparound screen. The note has a pen. What stands out to you . Neil the edge is a really nice phone. What really stands out is the wraparound screen. Its almost two screens in one phone. Youve got a big screen on the front and a smaller screen down the side. For the note device, what really stands out is the pen device, which you can use for functionality like writing directly o