Exchange on cnbc. Im wilfred frost. Im Courtney Reagan in for sara eisen glad to be with you on this happy friday lets get to that breaking news north koreas foreign minister threatening to detonate a Hydrogen Bomb over the Pacific Ocean, this hours after the u. S. Imposed the toughest sanctions yet on north korea irans president said his country will strengthen missile capabilities without seeking permission from the community. The country has already unveiled a new Ballistic Missile capable of carrying several warheads a live report from iran coming up lets start with this new threat from north korea chery kang joins us with the latest good morning good morning so lets put that comment coming out of north koreas foreign minister who is in new york attending the u. N. General assembly into context here because he was first asked by reporters about what its leader, kim jongun meant by the hi highest level of hard line measure in his statement in reaction to the trump speech at the u. N. Assembly earlier this week the one where he talked about totally destroying north korea if the u. S. And allies feel threatened. The top diplomat also added he would not know kim jonguns exact thoughts, but i think when asked about that, thats what he came up with, testing a Hydrogen Bomb in the Pacific Ocean in an unprecedented scale. North korea so far has conducted six Nuclear Tests so far all have been done in underground tunnels. If it goes ahead with Something Like this, its something never done before. We dont know whether he has the capabilities or facilities necessary to do so this is the first statement that any north Korean Leader came out with his own name, has never been done before by any north korean founder now, lets pull up one part coming out of that speech here i pulled up one part he said trump is unfit to hold the prerogative of supreme command of a country, and he is surely a rogue and a gangster fond of playing with fire, rather than a politician. Hes certainly got personal there. Thank you very much for that. China is reportedly stepping up sanctions against north korea. The white house says the peoples bank of china ordered all chinese banks to stop doing business with the nation eunice yoon is live in beijing with more on that. Good morning reporter good morning. Well, sources are telling reuters that the central bank has instructed the banks here to abide strictly by the u. N. Sanctions against north korea. Reportedly were hearing that the banks are being told not to take on new north korean customers and to wind down existing ones. Theyve also been told and warned about the economic losses, as well as the reputational risks that they could take on if they defy the order. Theres been a document that has apparently been circulating among the banks which said that north Korea Related business has become an issue of National Level politics, and National Security however today the Foreign Ministry dismissed that report at a regular press briefing in beijing. The Ministry Said what you mentioned now is not consistent with the facts china always implemented the u. N. Security Council Resolutions in their entirety. They also weighed in on trumps executive order to expand the ability for the u. S. Treasury to impose new sanctions saying china is always opposed to unilateral sanctions outside the framework of the u. N. Security council. The ministry was not only critical of the u. S. But had sharp words for north korea, saying that it opposed any other types of tests, such as the one thats been suggested by north korea, the hbomb in the pacific. Eunice, thank you very much for that report. We should point out the markets in asia are a little soft this morning. But not too pronounced the keyi yakorean index donwn in other china news, the ft reports that steve bannon flew to beijing last week for secret meetings with the second most powerful communist Party Official just about a month ago, bannon declared the United States is at an economic war with china interesting that he took this meeting. The man leading the anticorruption charge thought to be second most powerful after president xi jinping mr. Bannon was in hong kong to speak at the csla conference went on to beijing to take this meeting. It comes ahead of President Trumps trip to china. Wonder if thats related or not. Back to the market picture futures at this hour after the dow ended its nineday winning streak yesterday the nasdaq down about a half percent. The s p and dow down about a quarter percent. Apple was a big decliner, down almost 2 . The iphone 8 out today less than positive reviews over that also some potent sham conneial y issues coming out for the watch. Week to date, the dow is up. 4 the nasdaq down about 0. 4 as we come into todays trade, the s p is flat. We are expected to open slightly negative nasdaq down 10 points. Thats the laggard at the open if things stand. The s p and dow down fractionally we talk about how yields did not rise that much after the fed meeting. But for the week as a whole they have 2. 26 percent as we stand here. Started the week at 2. Or ended last week at 2. 20. We had a tick up in yields over the last two, three weeks. Asian equities wilfred mentioned, we did see those mostly lower across the board overnight on the growing tensions with north korea, with the u. S. , and the sanctions that were mentioned out of china that eunice brought to us the nikkei down a quarter percent. The hang seng down a percent the kospi down three quarters of percent. We want to check the picture in europe, which is mixed this morning. This is actually we have a number of different factors at play here. Still watching the global picture for what were talking about for north korea, but also better than expected numbers out of france for the gdp and the services and Manufacturing Activity thats why the french index is higher overall, the eurozone composite pmi at 56. 7, prior reading 55. 7 thats one of the reasons the euro is a bit higher oil prices, they were slightly negative yesterday, also lightly negative today its been a decent week, up 1. 3 for the week well above 50. 50. 50 for wti. Not well above, but holding above 50 dollar board for you, eurozone pmi numbers, giving a bit of impetus back to the euro this week, up about 0. 4 . Elsewhere we have a similar move higher for the yen against the dollar the pound is flat ahead of theresa mays speech gold prices had a tough week down about 1. 6 yesterday. Down about 2 for the week as a whole including todays gain, 1,298. Facebook says it will begin sharing information with congress on some 3,000 ads it sold to russialinked accounts during last years president inal election Mark Zuckerberg vowed to make political advertising on its platform more transparent. Going forward, maybe the most important step were taking, we will make political advertising more transparent when someone buys political ads on tvo other media theyre required by law to disclose who paid for them, but you still dont know if youre seeing the same messages as everyone else so were bring facebook to an even higher standard of transparency not only will you have to disclose which page paid for an ad, but we will make it so you can visit an advertisers page and see the ads theyre running to any audience on facebook. Zuckerberg said facebook is exploring ways to share more information about election interference saying its something we must do they got caught in the cross hairs of a lot of the allegations about fake news spreading. Interesting moves. He loves using his own platform to give updates he does kind of weird that video, i thought. You think he just put out a statement he wants people to watch video. Thats part of their push. Any way, slightly odd in my opinion. In other corporate news, hewlettpackard enterprise is set to announce job cuts landon dowdy has the details hewlettpackard enterprise is preparing to cut 5,000 jobs or 10 of its work force according to reports the move comes as the broader effort to rein in expenses amid mounting competition from other cloud providers such as amazon and alphabet the reductions are likely to impact workers in the u. S. And abroad and are expected to start before the end of the year hp is the spinoff of hp and offers cybersecurity, cloud services, servers, and other Corporate Technology under the leadership of Ceo Meg Whitman who has been looking to shed cost on an analyst call earlier this month, hp executives said the company has an opportunity to create an internal structure and operating modeler that is simpler, nimbler and faster and that the firm is tar getting 5 1. 5 billion in savings over a threeyear period. Back over to you thank you very much for that. Still ahead on Worldwide Exchange, a brexit reboot theresa may about to make a big speech in italy. Well tell you what you can expect and later, walmart upped the ante in the delivery wars. Why doorside drop off could be a lexaiof the past. Wel pln. music plays throughou so, i was at mom and dads and found this. Cds, baseball cards. Your old magic set . And this wrestling ticket. Which you still owe me for. Seriously . 25 . I didnt even want to go. Ahhh, your diary. Mom says its totally natural. 25 is nothing. Abracadabra, bro. The bank of america mobile banking app. The fast, secure and simple way to send money. Did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats up to 16 times faster than slow internet from the phone company. Say hello to faster downloads with internet speeds up to 250 megabits per second. Get fast internet and add phone and tv now for only 34. 90 more per month. Call today. Comcast business. Built for business. Good morning welcome back to Worldwide Exchange. Lets get you up to speed on the market picture a mixed trade in europe pmis, the manufacturing and the Services Better than expected. Thats led to a strong euro. Were not seeing a resounding performance in european trade. Basically flat today. Germany heads to the polls on sunday for a nationwide election where theyll decide whether Angela Merkel has another four years in power. Right now merkel is leading in the polls. Were expected to get the first results on sunday. I think the key thing on that, shes well ahead in the polls. Still a large portion of undecideds the key thing for markets is the second place, which is the spd, also very pro europe so not a wildcard chance of le pen or wilders like in the dutch elections. The focus coming out is likely who will be the coalition partner, and how long it takes the government to form it. You might get a void of power for a month or so or longer. Its not a big factor for u. S. Markets. To italy where british Prime Minister theresa may will deliver a major brexit speech later this morning germana has a look at what to expect good morning good morning. Its a Beautiful Day in florence will theresa may deliver a glorious speech later this morning . Well see. This is the second speech of the year back in january theresa may said one line that did not go down well with her eu counterparts, and that no deal was better than a bad deal since then the tone has softened a bit. Were expecting her to strike more of a conciliatory tone, and perhaps thats the reason she chose to deliver the speech in florence in the heart place of italy, the heart place of europe maybe she wants to send the message that the uk is leaving the eu but not necessarily europe shell be hopefully giving a little bit more detail about what type of trading arrangement the uk does see with the eu once the full brexit has happened give it more detail on the rights of eu citizens living in the uk and another matter of the transitional framework this is something the chancellor, Philip Hammond referred to over the summer. One way to avoid a cliff edge brexit come march 19th would be to remain access to the Single Market and Customs Union by continuing to pay to access those markets. The number touted is 20 billio euros. Whether or not she makes a reference to that number at the speech, we dont know. Well find out in a few hours. Joumanna, thank you very much for that update. The other reason to make the sfree speech from florence is a chance to be in the beautiful city. I was going to say. The other point, clearly shes in europe to give the speech, the audience is waiting for negotiators on the european side, also watching this closely is the conservative party itself, the annual conference is coming up. She also has to make clear her authority ahead of that, continue to sort of hold on to power. Thats the other takeaway over the last two weeks shes got to this point and the conference which is coming up without any real successful threats to her leadership. Many focused on Boris Johnson making a bit of a move over the last couple of weeks it hasnt worked shes in power and likely to see through this brexit process. So many more details still have to be worked out. Well be excited to hear her speech. As brexit talks ramp up, round three of nafta negotiations get underway in canada well hear more about the talks coming up on squawk box with commerce secretary wilbur ross. Still ahead, the countdown to christmas is on im not joking just ten fridays left until black friday which retailers are best positioned heading into the most wonderful time of the year weve got a countdown clock why not i cant believe it. You cant believe it . Thats got to be the big effort countdown clock 135 days dmroglorious Worldwide Exchange will be right back these birds once affected by oil are heading back home. Thanks to dawn, rescue workers only trust dawn, because its tough on grease yet gentle. I am home, i am home, i am home welcome back jamie dimon knocking down speculation that gary cohn could succeed him at the bank. Listen to what he said at the delivering alpha the success of jpmorgan is inside jpmorgan. Let me ask you a question i have enormous respect for gary dont confuse the two. Our company is large, Global Consumer businesses, Cash Management businesses, we have several people who are unbelievably talented. You will want to hear the full jamny diie dimon interview those delivering alpha. Com that speech and interview just posting. The delivery wars just took a twist in news about how lazy americans have gotten, walmart is testing a service that will deliver not just to your door but inside your home so customers can have products delivered to their fridge or freezer. Walmart is teaming up with august home so users can watch the process on their smartphone using the Home Security cameras. Get excited. Were ten fridays away from one of the most yushl day crucial dr retail black friday look at that countdown lock. Joining us with a pulse tech on the sector is stacy witlet thank you very much for joining us i wanted to start with walmart this newest test is one piece of all of the innovations that the retailer is experimenting with i guess overall, what is your take on the Worlds Largest retailer and how much this may or may not move the dial for them yeah, thank noos for that countdown clock. Thanks for the added stress early. Walmart has been doing a terrific job in terms of cleaning up stores, paying people, and doing all the right 101 retail things. Youre talking about restocking peoples fridges when theyre not home this is, you know, not going move the needle here im not sure i would want somebody messing around in your home what they are doing is certainly working on a replenishment program. So is target theyre trying to take on amazon prime. Almost 60 of consumers out there are on amazon prime. Everybody is going after this, trying to get a piece of the pie. Grocery is half the business theyre doing better in the space. Thats the key to winning. You look at toys toys struggrs struggles what a great opportunity for walmart to lead the category this christmas. I believe walmart hat bs the biggest share of toys overall. Lets talk a bit about the Holiday Season we have gotten a lot of holiday forecasts coming out this week looking ahead. Most of them are pretty bullish. Retail investors have been burned in the past what do you take or whats your take on the sentiment going into the Holiday Season this year so the official forecast that you have seen out there are sort of in the 3 to 4 range if you look at investor sentiment, its terrible almost 40 of retailers out there have double digit short positions. Any huge contrast to this time last year when inventories got alined for the first time and everybody was optimistic this year its like investors have been burned. The continued transition to online that is crushing operating margins, Retail Investors are sitting back saying i will not get burned this year again as promotions, all the retail verse said theyre not easing back this year if anything, they will be heavier. You touched on it who are the biggest winners from toys r ss is it not a factor for other toy retailer the biggest deal is that its the vendors. So the vernd vendors get nervoue want to get paid in cash, up front. Thats the real pressure here, the trust factor it helps, it benefits walmart and target who of the big toy suppliers out there. Expect to see really early Layaway Programs from both as they try to grab share from toys r us thats right. I think walmarts Layaway Program<