Im mike santoli. Wilfred and sara are off we have futures looking to gains from late last week. We pulled out positive, s p 500 up 0. 5 . In the broad markets continuing that coverage from the sell jot from the january hype. You see what were pointing to, another half a percent gain. The dow looking a bit stronger up, 170 at this hour the nasdaq which has been the performer both before and after the correction is up, looking at about 18 points right now. Taking a look at the tenyear treasury this obviously has been an area of tremendous focus lately in the last month or so although the move last week was very plod defendant. Basically going sideways for four weeks, really its amazing how many people are watching that 3 right now pulling back ever so slightly, 3. 86 you wonder if that 3 mark is the watched pot that everybody is waiting for, seeing if it will boil or not the dollar bounced slightly last week up in the dollar index, about 0. 5 its basically fixed mostly down. The yen, you see the dollar down almost 0. 3 percentage point against the yen and euros. Dollar and treasuries something that we have to watch this week with fed chair powell testifying this week totally thats the open question, how is he going to react to this. Absolutely. Well have more on markets but first, big news from overseas, china abolishing term limits on presidency that is a move that could leave xi jinping in power indefinitely eunice, great to see you that was really interesting over the weekend because what we learned that the communist party had dropped the twoterm limit for the presidency and vice presidency this has been signaled maybe for the past 12 to 18 months because the government has been building this cult of personality around zee jinping. People are talking about him in terms of awe and also late last year, we saw his name and political thought were written into the Party Constitution so, we havent seen power accumulate like this since mao zedong for about four decades or so so, the timing of it was a little bit unexpected just because people had been noting that president xi jinping is heading into his second term they thought because he was heading into the second term, this would happen in the latter part of the second term, and thats not the case. So, theres been some speculation that perhaps hes trying to make a move when he has a lot of power one of the things im missing in terms of early reads from wall street analysts on the move over the weekend is that there are positives to this and negatives to this of course, the time be cant be overlooked for the timing that china is coming here stateside, maybe at potential for a trade deal as the term limits are lifted what do you think . Yeah, i think there are positives and negatives on the one hand from a u. S. Perspective you can see theres going to be a lot of continuity on policy because xi jinping will be there forever. And also his policies will continue, a very aggressive china. You can expect to see more promotion of i. T. Industries it doesnt mean that Foreign Companies wouldnt be welcome, but it just means that Foreign Companies wouldnt be put in place of priority. Obviously, were talking about change of policy within the ruing partie i ruling partyt but is there any way to lead the response internally in china right now . Internally, you mean within the political sector yeah. Its very, very difficult to say. I think its clear that a lot of factions have been disempowered. So, weve heard a lot of speculation in people who are nervous about what this means for them either from an activist standpoint or just from people on social media. A lot of people have been complaining that theyre concerned about this lack of term limits and what this means and also for his political opposition i think in the end, its going to mean a continuity of power for him. Certainly a lot to talk about. Well be talking to you about this later on in the show. Thank you for joining us, eunice yoon and packing Economic Data this week, today look for january home sales tomorrow, we get durable goods s p case schiller. And gdp is out on wednesday, along with chicago pmi and spending home sales. Thursday, manufacturing index, also auto sales. Thats followed by Consumer Sentiment on friday. As for earnings, as you can see, 30 companies in s p 500 report this week. Many retailers, macys, kohls, gap, jcpenney. And lets talk about what that means for the markets now joining its, art hohogan good morning, art. Where do we sit, 4 off the highs of the major u. S. Indexes. Its one month to the day since the alltime highs january 26th. Market is comparing itself with one eye on what the bond market is going to do where do you actually see us in terms of field position . Its been a tale of two markets, right we had the first two weeks into the january peak where nothing could go wrong we were jumping into stocks trying to figure out what a new tax program was going to look for earnings in 2018 then all sorts of great things, all of a sudden, it wasnt, right . Then we started to get concerned with inflation and yield and that probably got overblown. But now a 10 correction and now, weve retraced about 60 of that which is exactly what were supposed to do. I think were in no mans land unfortunately. Theres a tugofwar going on right now, where fundamentals remain extremely strong. Earnings up. The fundamental data continues to improve weve got a lot of that this week then weve got this other cohort that is concerned that we need to retest the lows weve seen that salvo mentality that that last hour is sort of the Witching Hour on friday. Where market orders come in and people are like we have to retap those loads to set up the base to move higher how closely are you watching the new fed chair Jerome Powell this week testifying yeah, morgan, i think were going to parse everything he says obviously, new to this role. A little concerned with him on the first runthrough remember, he was only there about a month and a half ago talking about being data gen dependant. And talking abnormalizing that balance sheet. And it will going to be difficult for him. Its more theater than anything else hell hear things like Elizabeth Warren talking about data too big to fail. And regulatory issues and needing more regulatory. And then it falls into that argument which i think is one of the things that the market likes about him. Art, well leave it there well see if that market tugofwar continues this week art hogan, thank you very much in corporate news, the Weinstein Company says it will file for bankruptcy. This comes after the embattled movie studio failed to find a buyer. The Weinstein Company has been understand intense pressure to make the yield since allegations of Sexual Misconduct first surfaced against the former chairman harvey weinstein. In other corporate news, Warren Buffetts berkshire has reported a profit. Berkshires profit jumped fivefold. 19,500 per class a share. Berkshire as 116 billion to spend on a deal or deals but it cant find anything cheap enough to buy well hear much more about all of this coming up with becky quicks exclusive sitdown with Warren Buffett that interview kicks offer in less than an hour from now are you going to ask mr. Buffett any questions . I think i have to submit them to becky, right . You can tweet them as well. I think she shows all of the relevant questions hes always kind of bullish. You wonder if hes not negative about the markets. I want to get his take of ge. Especially since he told out and we had the 10k filing. Its obviously a company fraught with disclosures one that he no doubt has followed for years absolut absolutely and the Companies Cutting ties with nra continues to grow after the School Shooting in florida. Landon dowdy joins us with more. Good morning. Big business is pushing back in a big way following the february 14th shooting that left 17 people dead. We told you about the First National bank of omaha cutting ties with the nra. Since then, the number of corporations cutting d ting tieh the gun lobby has ballooned. And over the weekend, and delta and then hours later, united followed suit. Rental Car Companies reacting, aveis ends in march. Hertz and alamo ending theirs as well health and insurance and tech firms are taking a stand like starkey technologies, metlife, chubb and truecar. And amazon, roku, apple, fedex and youtube just to name a few back to you. Fascinating to watch that play out some stocks to watch today, ge, as morgan was talk about set to restate earnings. Regulatory filing shows updated standard will result in a 13 cent cut in reported earnings for 2016 a 16 cent reduction for 2017 you see the stock there opened indicated it opened slightly higher actually meanwhile daimler and its chinese partner baic plan to investment 2 billion to build a plant in klein dma it comes after the chairman of chinas geely auto has said he bought a 10 stake in daimler. And phiat chrysler to eliminate diesel models in 2022. In the midst of volkswagens cheating scandal fiat doesnt sell cars in the u. S. But popular in europe still ahead on Worldwide Exchange, chugging along. Many transports pushing off february lows. But still down for the year. So, what is next for the sector and what does it tell us about the Broader Market weve got a top analysts take straight ahead and later, smarter war samsung opngdrpi the new galaxy phone to compete with apples ix any object. Any surface. If youve got a life you gotta swiffer welcome back to Worldwide Exchange. Im mike santoli, if youre just waking up, lets get you up to speed on early Market Action u. S. Equity actions pointing to a positive open looking to open the friday rally last week s p 500 set to open just under. 05 gain. The dow looking at 180 nasdaq up 19 the strength was carried over from friday, overseas, if you want to take a look at the asian markets right now. We just had them a second ago. There they are very positive. Shanghai composite, interestingly up, 1. 25 . Following the news over the weekend that xi jinping, the chinese leader is going to be there endeavorly because they abolished term limits there. The hang seng up and nikkei also more than 1 europe has also been mostly in the green overnight. You see slightly smaller gains germany up 0. 5 . And smaller gains in the uk and france, up 60 basis points right now. Back to morgan thanks, mike. And the dow sector down for the year whats next for the transits donald, great to see you thanks for waking up bright and early today. Glad dob here, morgan how are you . Im great what are the transports telling us right now and how can we read through the broader economy based on that . Well, right now, transports are telling us what theyve always been very capable of telling us theyre delling us that this deal is just a correction. Its not the beginning of the next big bear market its interesting that the dow transports say that the transports need to confirm that the big moves up or down otherwise, you cant rely on it. And the reason is, because the stocks themselves are not somehow omniscient its that the stocks are on the underlies goods flow how many cars are moved tells us how many Housing Starts are going to be. How many steel or parts tells us how many auto sales are going to be freight moved into best buy and walmart and Amazon Distribution Centers tell us what you retail sales are going to be. Again and again, we get these reads that tell us whats going to happen long before it actually happens so, we get early indications in the supply chain with transports as a result, they seem to have Predictive Value in light of all of that, what are the trends were seeing . And where are you putting your money in relationship to that . Well, were seeing extraordinarily strong air freight right now. Parse el freight right now parshall is a direct result of ongoing growth of commerce it may not be happening at dillards or macys, but its happening at amazon and other retailers out there. Were seeing extraordinarily strong results out of Asia Pacific Air freight which has been a good indication of semiconduct semiconductors, tech investments. Weve also seen extraordinarily strong air freight out of europe and that that makes us look at the recent strength in the euro versus the dollar and say, gee, that makes all kinds of sense. And we like Transportation Companies like xpo, for instance, who have and fedex, who have larger exposure to europe were also looking at companies that have exposure to whats happening in ecommerce, and, you know, in the segment which again takes us back to fete exand xpl. And throughout the markets, were looking at the goods flow first. Donald, its obviously a positive one as youve been saying what are the tax cut effects on the companies themselves and is that perhaps influencing how the stocks themselves are reacting . You know, we have seen more of a transient effect. Certainly, weve seen people increase bonuses weve seen people increase how much theyre going to spend on cap x. These are Dupont Duvall 101, everybody learns in first year finance companies, the more sensitive it becomes to asset turnover rates so, were looking at the increased investments theyre going to make in those assets. We see that as a positive long term, thats been the biggest real effect of the tax law changes is companies saying look, were going to investment x billions mar in our infrastructure we know what happens is, they become more capable from a capacity perspective in handling more goods, but they become more efficient in moving those goods, if they choose to spend those dollars wisely donald, always great to get your thoughts on this. Always a pleasure still ahead on Worldwide Exchange, samsung dropping its new galaxy s9 smartphone sll about the camera. Well run you through the 15s when Worldwide Exchange returns. Welcome back to Worldwide Exchange. Im mike santoli samsung launching its new galaxy s9 and s9 plus phones in barcelona. Cnbcs john 40 is there. Hes seen the phones joins us with the latest hey, john. Reporter hey, mike, ive got the s9 plus here one of the features, the camera features ar emojis see, theres me. No tie, you can recognize me on the back of the phone, youll see there are two cameras. Samsungs first time digging into that with the galaxy line and theyve got dual per ra tour that allowed for dedicated lines to dig into that its qualcomms snapdragons process that helps with that this is the first one to use snapdragons 845 chip. Some of the models are going to use samsungs 9810 those are most likely in asia. The price of this looks downright affordable with iphones x at 1,000. S9 at 720 s9 plus 840. Available in march the two titans have gobbled up the share of it making did difficult to compete makes things tougher, the Smartphone Market isnt growing anytime. Weve got the x and the samsung s9 plus, these are the two heavyweights from the two heavyweights in the industry camera features on this one are definitely what samsung is emphasizing. It seems to be if anything what consumers are looking at, worldwide performance. So this dual aperature feature is what people are looking for and weve seen the new video with sony . You have you gotten a chance to check that out ive not. Both phones are using season nir sensors for the camera so sony provides a lot of the imaging tech it seems that 4khr video is something that they held back for themselves, sony now, i dont think there are any analysts who expect sony to gain a lot of share based on that, but it is bragging rights and did emphasize sonys Camera Technology great, john thank you for breaking that down jon fortt in barcelona nbcs Francis Rivera in new york with the latest. President trump said all drug dealers should face the death penalty. According to axios, mr. Trump has been telling friends that singapores mandatory drug penalty for drug traffickers is the reason why their drug use rate is so low he often jokes about killing drug dealers he said you know the chinese and filipinos dont have a drug problem, they just kill them six people are hospitalized following an explosion due to an explosion north of high chester. Police say there was no indication that the blast is terror related and clip and Joanna Gaines announced that their Company Based in waco, texas, is on the search for Creative Minds and will be hosting an exclusive job fair in march. Morgan, back to you. Definitely have to check that out. Still ahead on Worldwide Exchange, todays top stories and a roundup of the global Market Action. And later, an olympic medal mixup, u. S. Mens team getting the gold and getting its wrong medals well explain. Books like peak performance. And endurance. Books that energize and inspire for just 14. 95 a month. 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