On cnbc. Im wilfred frost alongside seema moody. Great to see you. A continuation of how we ended last week. By that i mean buying off stocks and the dollar higher. We had a weekend to pause and consider whether that is the right move and markets seem to think it is. They are continuing in that direction, albeit more muted than the huge moves immediately after Donald Trumps election victory. We are higher just shy of 100 points on the dow, 94 to be precise. The s p by 8. The nasdaq by 14. Huge moves last week to the tune of 5 to 6 as a whole. But it is worth pointing out there was differentiation within it. This was not just a move that growth will be higher in all sectors and they will all benefit. It was based on the fact that yields moved higher and with that the sector rotation was clear. Financials are up a huge 11 for the week. But utilities were down. Well have a look at the tenyear note. We are 2. 28, sorry, 2. 22 moving higher. You can see that stock shutting higher in the last week in itself. We ended the week just below this, so we are continuing to carry that trend today. The european stocks are following suit here. As we see the global rotation out of bonds and into stocks, the german dax is up. 80 . Its interesting to see their reaction in the bonds with germany hitting a ninemonth high. Across the board in euro, france and italy, the ftse 100 is higher by 1 . But it was interesting to see the change in the momentum around the u. K. Pound. And in asia, a lot of questions about what a Trump Administration could do. Japanese stocks are opening higher by. 40 . The main reason the nikkei has been so strong internationally, the dax was the leading performer next victory. Because those two have been doing well in light of a stronger dollar and weaker yen and euro respectively. And that continues today. Well have a look at the broader markets searching for union. The most muted last week of all the hifactors ending 1. 5 softe. It was moving around all sorts of factors aside from the election, 43. 2 down, down. 40 . Well look at the dollar board, the mexican peso enjoys a slight bounce be back. It will continue weaken that broader Dollar Strength that continues, particularly with the 1 yen. Gold prices quickly to roabreak fourweek win streak. You would think the uncertainty that the Trump Administration brings to markets would result in more people seeking shelter in a safehaven asset like gold, but that didnt happen like other factors near the dollar. The first two or three hours we saw the planned trades, the riskoff tape, but this happens quickly in the bond yields. At the moment the bond yield moving higher benefited the u. S. Dollar. The fact that youll have a yield and pick up in inflation might come higher. However, if you spend more and real quickly it could lead to a strong dollar. It will continue, but we have a long ways to go to see the policies affected. And now the focus on who he brings as part of his cabinet. Speaking of that, a Trump Administration just said that Reince Priebus is now the new chief of staff. Trump releasing a statement saying, steve and reince are highly qualified leaders who worked well together on the campaign and well have more political news coming up. And bank of japans kuroda said the japanese economy is sustaining memory to the 2 inflationary target. But there are risks due to econom economics. They are looking into how Donald Trumps economic policies will affect the markets. For wednesday through friday, many regional fed leaders are expected to speak including voting members like bill dudley. Retail Sales Numbers are key on thursday. And on friday watch for the Consumer Price index and industrial production. Thursday our eyes are on the Consumer Price index. Heres a look at the earnings agenda for the week. Tomorrow well hear from home depot, wednesday it is lows and targ target. And the realtime deal is valued at 4. 5 billion to put into testing both sides of the market. Samsung electronics is acquiring auto parts displayer harman. It is valued at nearly a billion dollars, a 20 premium. This is samsungs biggest acquisition. And more stocks to watch today after plans to handle the trump lawsuit up to 3. 4 billion according to court papers. The pickups and suvs say they didnt have enough protection and that could lead to corrosion serious to move the numbers. Bmw has been offering more factorypowered models and is up 2 today. Novartis is considering the sale of their alcon division. They say alcon hasnt developed over the past two years as the drugmaker expected and shares are flat in swiss trade this morning. And american will file for the second bankruptcy in just over a year. The retailer faced heavy competition and a rocky relationship with the company. And American Apparel files for bankruptcy. And the european markets are rallying to start the week. Well head to london for a look at the biggest movers next. Stay tuned, youre watching Worldwide Exchange on cnbc. K s 35,000 fans a cutting edge game experience. Or the network that keeps a leading hotel chains guests connected at work, and at play. Or the it platform that powers millions of ecards every day for one of the largest greeting card companies. Businesses count on communication, and communication counts on centurylink. Welcome back to Worldwide Exchange. Good morning to you if youre just waking up. The Market Action is continuing in the same vain we ended last week, albeit slightly more muted fashion. Equities are higher around a half percent. We just hit triple digits on the dow, 102 points to be precise. Last week was unreservedly positive for markets and risk assets for the whole by the end of the week. But there was differentiation in the sector because of the rally we saw predicated out of money coming from yields rising higher. And the Sector Performance was expected around that. Utilities, the worst performer, down 4 for the week as a home. Either way, over the course of the weekend, investors are still expecting similar moves as you can see this morning in the futures market. Well look at the oil prices as well that moved more complicated last week. It was not a simply risk on risk off around the election. Wti ended down 1. 5 at 43. 3. A little bit soft this morning but not too much as you can see. Brent is flat just shy of 45. Lets also have a check in on what is happening in european trade this morning. Louisa bojesen is joining us from london with what is happening there. Louisa, good morning. Good morning, wilfred. Good to see you. Precisely on the point with yields moving higher, it also begs the question of when do the rising yields prevent the equity markets from continuing to steam ahead. Because we have seen this pretty awesome rally over the course of this past week. And we continue to see quite a bit of green here on the screens this morning in europe as well. The polish wig going just a little lower, but the markets are hanging on to gains across the board. With all of europe higher somewhere near half a percent to 1. 5 for the markets, the ftse 100 just over 60 . Where is the market going and what is pulling us higher . The Financial Services are still rallying. You have the banks on both of the sectors higher by 1. 5 to 2. 5 . The resources are stealing the limelight up by 2. 5 . Real estate and utilities, both the sectors are seeing switching. We are still seeing the sectors that were benefiting last weekend and continuing to benefit this morning. But when looking at the stock specifics out there, its not so much linked to the sectors. Its more down to some of the specific stories out there and just briefly to mention that siemens agreed to buy the Software CompanyMentor Graphics. Not sure if you have been talking about it this morning, but a big deal, 4. 5 billion. And over 100 Million Euros within the next four years or so. And this transaction itself is supposed to be closing during the Second Quarter of next year. But one of the key shareholders of mentors Elliott Management supporting the siemens deal said the shares were deeply undervalued. Thats one of the bigger stories making the rounds here. Louisa, thank you for that. The dax was up 4 last week. Nmpb in other global news, nigel farage is the first foreign campaigner to meet with donald trump. He said he needs to mend fences with the new incoming president. And i just got back from the u. K. Over the weekend, this got huge attention. Not only is mr. Farage not a part of the u. K. Government or teresa mays party, therefore questioning her authority here, an outsider in that sense being the first to meet with president elect trump, but hes the first foreign politician full stop. And an actively antieuropean campaigner. So not just in the u. K. But across europe theres huge concern that there might be now a u. S. President against further integration within the eu. A lot of questions around europe based on the fact that trump chose this as his first foreign politician to meet. On sunday there was a special eu Foreign Ministers meeting to talk about president elect trump. And the french and british didnt attend. So theres a lot of fear about what this could mean for the future of the europe. And the future of the u. S. If he continues to seek the guidance of farage, is there a cabinet position for farage of some sort . That is a question. That would be an enormous surprise. Well, yes, at this point. The board of mone dei paschi is expected to meet on debt plan. They are going to lay off a tenth of their staff and sell assets. And italys largest bank may look to raise between 11 to 14 billion dollars. The aim is moved to dispel p persistent concerns on the capital base. This comes as the unicredit chief is conducting a Strategic Review of the assets. Coming up, more on the stocks on the move, but president elect donald trump putting together his white house team. The latest announcements straight ahead. First as we head to bank, heres todays National Forecast from the weather channels kelly cass. Hey, good morning, seema and wilfred. We finally got rain in atlanta but it was only a trace. And we saw a little rain in charlotte yesterday, but not nearly enough to put a dent in the drought and the wildfires continue to be a big story across the southern appalachians. The smoke has been making the air quality just awful across eastern tennessee, Western North carolina and even as far south as the Atlanta Metro were starting to smell some of the smoke out there as well. 61 for a high in new york city. A goodlooking travel day from boston to new york all the way down to d. C. We are tracking a little bit of rain for the eastern sections of virginia and north carolina. Otherwise, the mild temperatures continue to be with us. Minneapolis was actually in the 60s yesterday. Warmer than atlanta, georgia. And we have a system moving into the Pacific NorthwestHolding Temperatures in the 50s in seattle. Thats a look at your National Forecast. Well be right back. Our special today is the seared ahi tuna. Dont you hate that . When they dont tell you how much something costs and you have to ask . Maybe thats why i always make sure to. Bring up the costs associated with your services. I know. Transparency about costs. Just one way edward jones makes sense of investing. Welcome back to Worldwide Exchange. Well get you up to speed on the Market Action. It was a big week for the stocks with the dow gaining 5 . The best week since 2012 as investors increasingly bet that the economy under the Trump Administration will lead to lower taxes and a boost to grow them, perhaps also focusing on the infrastructure plan under president elect donald trump. That sent industrials higher by 8 on the week. Here on monday, investors position themselves to the buy side here with the Dow Jones Industrial increasing or higher by 90 points, the s p higher by 8 and 16 higher for the nasdaq. Well look at currencies, though, because the move in the dollar has been a big focus for investors. Putting a lot of pressure on the emerging markets that have their debt, that is dollar denominated. Right now we are looking at the u. S. Dollar higher against the japanese yen. Lower against the pound, which is an interesting move to watch. And something to keep an eye on in the coming days. And for a quick focus on oil over the weekend, some comments from saudi officials ahead of the opec meeting on november 30th that they are once again willing to cut back on production here on monday. Oil prices are lower. Ice brent at 44. 64. Wilfred . Indeed the dollar is continuing its march higher. Meanwhile, Global University teams are looking at the damage in new zealand today after a strong 7. 8 quake hit yesterday. This prompted Emergency Services to warn people along the coast the move to Higher Ground to avoid tsunami waves. All right. Well get to the u. S. Political news. The trump transition is in full swing. Tracie potts is joining us live from washington with the latest announcements. Good morning. Reporter hey, wilfred, good morning. President elect donald trump said he made some decisions about his cabinet, but hes not announcing them yet. What he is announcing are two key positions in his administration. We started out in the exit polls reporter the trump Team Announced that Reince Priebus will be the joint chiefs of staff and a wideranging interview with 60 minutes donald trump says he wont completely replace obamacare. Are you going to make sure that people with preexisting conditions yes, because its one of the strongest assets. Also with the children living with their parents for an extended period. Youre going to keep that. Very much striking. Reporter republicans say part of trumps wall with mexico could be a fence. And that millions of immigrants will not be quickly deported. That is not what were focused on. Were focused on securing the border. Reporter as protests continue, democrats are concerned. I caution anyone who in their protest becomes the very thing that theyre protesting against, meaning turning to hateful speech, violating principles and ideals sacred in this country. Reporter back to the campaign promises, president elect trump will appoint prolife judges and same sex marriage is settled law and is okay with that. But hes still thinking about a special prosecute forhillary clinton. Remember the lock her up chants during his rallies . Now he says the clintons are good people and doesnt want to hurt them. So he has not decided whether to get a special prosecutor on the case. Tracie, explain the two roles given to bannon and priebus. One sort of represents candidate trump and one represents a little bit better the postelection victory mr. Trump. Who has more power witness his white house . Well, both of them have a significant amount of power. The chief of staff is essentially the person who runs things for the president. Hell have a significant voice in terms of who gets hired for positions and how things are in the white house. The chief strategist is someone who talks policy with donald trump in terms of how they get his positions to be accepted here on capitol hill. Okay, tracey, thank you very much for a in washington. Moving on to sports news, sunday night football the seahawks hold on to the defeat of the patriots 3124. Seattle lost to new england in the super bowl two years ago. Last night the Seattle Seahawks stopped the patriots on the goal line. Tom brady failed to connect with Rob Gronkowski after first down after a first and goal from inside the seattle 2. A great game. Still to come, the top stories including the Global Market rally to start the week. Stay tuned. Youre watching Worldwide Exchange on cnbc. Is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. bing good morning. Ready for a rally with green arrows around the world. The stocks are looking to start the week strong. Washington watch. Donald trump is putting together a white house team. The president elect selecting Reince Priebus as his chief of staff. Plus its a supermoon. The biggest and brightest in almost 70 years. Its monday, november 14, 2016. Youre watching Worldwide Exchange on cnbc. A very good morning and a welcome to Worldwide Exchange. Im wilfred frost alongside with seema moody. Last week a strong rally around 5 for the week as a whole. So we are higher. There was risk on the confirmation of Donald Trumps election victory, but there was differentiation within it. For example, financials are up some 11 . Goldman sachs leading the charge up 16 . But utilities suffering and they were down around about 4 . Were higher again today by about. 4 to. 5 . Well look at european trade right now, last week the main gainers were the exporters, the likes of the german exporters, the dax was up 4 . The french index was up 2. 5 . The ftse only up. 5 . We are continuing in positive fashion with france up just over 1 . Asian trade the best performer last week was the nikkei and it is again this morning. Excuse me, because we have had japanese correlation