Happy monday. Welcome to Worldwide Exchange. Im sara eisen. Good morning. Good morning. Wilfred is off. Covering the French Elections once again from paris this morning, markets on the move, well get to him in just a moment. There he is. Lets first check on the Global Markets this morning. A celebration of the results of the French Election, we saw that right away in the euro which trades first on a sunday. But there is the reaction of u. S. Equity futures. A more than 200point rise in futures. 212 points higher at this early hour. S p futures up 28. Nasdaq up 60. This has ripple effects all over the world. Risk taking back on. Lets show you the tenyear treasury note yield. 24 hour look at this. You really saw the jump after the market started opening on the results of the French Election. We will get it for you. Theres the tenyear note yield. There you can see selling of the bondses. Yields jump eed 230. The biggest reaction has to be in the currency. We saw it in the euro against the dollar. Versus the safe haven yen. Jumped to a fivemonth high. Highest level since november. Past 109 at one point. Clearly theres some fear and trepidation going into the results. And this, according to overnight, the most perfect market scenario. Even though le pen is going to be one of the frontrunners going into the election. The other three the assumption is in the polls will move towards macron, the more centrist. Something like 20 points. Its interesting all of those unexpected reaction to the results, brexit and the result, the expected result and the expected reaction. If you look around the world, a global lease of tension. Take a look at asia. It has actually helped a little less. You have a weaker yen, japanese nikkei up 1. 4 . Hang seng up a little less. Shanghai, theres been a crackdown on speculative leverage and things in china. Well talk about later. Thats down 1. 3. Look at europe, obviously, that is right where it all started. So, then you have almost geographically perfect, right . The biggest gains led by the french banks. European banks doing well. And then germany the more distant markets up as well. And then sara, as a 1 gain in the index. I think we should zoom in on the french banks if we could. We are seeing sizable move. The cac up more than 4 . Those banks are soaring this morning. They were on the front lines ahead of this risky event. Look at the french banks moving to the tune of 8, 9, 10 . Le pen getting a similar vote there and the assumption is the banks are free. The euro is safe and the bank, free. As for the Broader Market picture, lets show you a commodity check and oil prices. That took crude back to the 50 a barrel mark. Were still hovering around that. Keep an eye on crude. It is up almost 1 . 50. 06. And brent up as well. Well show you the currency boards overall. Keep in mind, the euro is the big dominant mover of the morning. Theres the euro versus the dollar, despite overnight, 109. We are still sitting at a 1. 2 advance. And also sustaining a bit, pretty flat against the u. S. Dollar. Gold prices sold off on this idea that risk taking is back on, as i mentioned. Theres the dollar yen. Also positive for treasury field overall. So, lets get all of the details you need to know behind the market moves. Wilfred in paris. Results are in, wilfred. What you can tell us this morning . Reporter good morning, guys. Great to hear from you. As you say, results are in, polls are right, macron and le pen ahead. Devastating result for the two main Political Parties in france that came third and fifth respectively. The first time in 60 years that those two parties wont be contesting the second round runup. Either way, whatever the result of the 6th of may runup, this is a wakeup call for the political elite across all of europe. And dont forget, lots of elections to come in the months in the european continent. A close third and fourth. As you say the markets are rallying. Why are they rallying . Heres why the polls got round one right and they are predicting a strong 56 forefor Emmanuel Macron. The second, fillon was quick to endorse macron. And le pen did not win first round, she only came in. Its worth that jean luke mluk melenchon has not endorsed le pen. How has she going to go through the second round . Shes calling on all patriots. Shes also labeling macron as the heir to the unpopular president Francois Hollande and shes framed on unbridled globalization which she said is threatening french civilization. All in all, her task is tough. Highlighted by how quickly we saw severe protests breakout against it heres the videos in paris. Those who did not vote for Marine Le Pen. The bottom line, as youve already pointed out, though, markets polls all point to a strong macron victory on the 6th of may. So, wilfred, whats the path from here . Do the two campaign . All of the stories this morning are focusing on the fact that these two are going to paint very different pictures of france and of the eu. And its going to be a major decision. What do we watch from here . Reporter absolutely. And, yes, they do campaign from here. They hit the campaign trail fresh again this morning. Lets just have a look. Because the keys going to be how much turnout do the two big third and fourth place supporters go to either candidate. Lets have a quick look at Jeanluc Melenchon. Hes the far right. He got 20 roughly. He has a shared opinion with le pen voters on a sense of protest against the political elite and globalization and dissatisfaction with the eu. But his voters will also align with macron, the openminded view on immigration and society. Switch focus. What is the task now for fillon voters who also got 20 . Theyll share a view on le pen on a view of immigration and security. But theyll share a view with macron on the embrace of free trade and free markets. But its very clear here this isnt a simple division. Its not a simple choice in round two. And thats why theres perhaps a little sense of complacency on the ground with the way the markets have reacted, albeit probably a legitimate complacency. Wilfred, a lot more from you in paris. But for now, thank you. Another geopolitical story to tell you about, north korea warning over the weekend its ready to sink a u. S. Aircraft carrier headed to the region. In a phone call, chinas president xi telling both the u. S. And north korea hes hoping they show restraint. A koreanamerican u. S. Citizen has been detained by north korea. And in washington, all 15 points of the u. N. Security council will be meeting with President Trump at the white house. This is an unusual, if not unprecedented gathering. North korea is expected to be high on the agenda. And it is a busy agenda in washington. This is clearly front and center. But they also have to figure out how to get the government to stay open ahead of this week, the friday deadline. Theyre expecting a blueprint by wednesday and talking about obamacare. And that 100 day mark which is saturday . Saturday. Which would be the first day that the government would be shut down . Yeah, all comes together neatly. Were back to wall street. With a dozen dow components 178 s p 500 companies reporting. Among the names to watch, 3m, boeing, pepsi, mcdonalds ford, procter gamble, and the big names, amazon, microsoft all reporting. On economic front, well get the caseshiller home index. And new homes. And thursday, jobless claims and durable goods. And friday, First Quarter sentiment. I think that friday number, that 1 range number . Its trending down towards 1 . Now the fed is well below 1 . The question is can we get a rebound like weve seen in recent years. Stanley fisher is telling me the fed is expecting yes. Todays top Corporate News a mega deal between two medical supply makers. Both stocks on the move. Landon dowdy joins us. Medical supplies manufacturer Becton Dickinson announced it will acquire c. R. Bard in a cash and stock deal. The acquisition is valued at 317 a share thats more than a 25 premium to bards Closing Price on friday. Bekts becton said it will help to improve medication management. And becton hopes to result in a cost savings of 300 million a year by 2020. Now, this is just the latest deal in the medical supply space. And for becton, just two years ago, the Company Acquired hair fusion for 12 billion. Take a look at the stocks becton and bard a little changed. Bek becton down o. 56, guys. Landon, a busy space in terms of m and a, and nice premium for bard. Thank you very much. Coming up, french stocks surging as Global Markets cheer the result of the French Election. U. S. Equities up about 1 indicated now. Stay tuned. Youre watching Worldwide Exchange on cnbc. 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Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. Welcome back to Worldwide Exchange. Lets have a look at the euro chart which is about 1. 086. You see big jump after the results came last night, macron and le pen. Lets discuss further. Im joined by the Financial Times paris bureau chief. Good morning to you. Good morning. Thank you very much for joining us. Before we even get to how the second round runoff will play out, how Ground Breaking results was this election last night . It was groundbreaking because the two frontrunners are going to make it to the runoff. And our political outsiders, theyre not coming from established parties, that have and you have macron who is not even known to the public a few years ago who is a se centrist. And the leader coming from the fringe of the political the french political space. The way the markets have reacted this morning it points very strongly to the confidence of Emmanuel Macron in the second round. Is there a chance that the reaction is overstated there with offconfidence there . No i think we can now safely assume there will be enough voters rallying around Emmanuel Macron to bar Marine Le Pen from reaching power which is what we call in france the antifm republican france. So, the center right and center left voters, very soon, voters will rally about the mentioned candidates. So thats going to happen. I think we can be fair in that. The far left candidate, 9 left, 9 right. He has not come out to endorse macron. Thats been a big uncertainty, melenchon votes they view macron as representative of the elites. Its going to be interesting to see hows are going to react. Some will say, that and the others are going to go for Marine Le Pen. But i dont think its going to sway the election too much. Marine le pen is going to try to paint this as a fight on globalization, as opposed to eu or immigration. Can that work for them . Yes. Thats the binary choice that the french voters will face, are facing. Its almost too binary. We have Marine Le Pen who represents protectionists and nationalists of the world. You know, she wants to crack down on immigration. She has a tough stance on islam. And macron is, you know, representative of the elite. S. You know, coming from this area, hes been groomed in the best tools and he was an investment banker. And hes advocating for an open economy. So, yeah, in a way, its a very scary faceoff. Because it resembles, you know, the election in the u. S. And in the brexit plan. Thank you very much for joining us. A pleasure to have you with us. The paris bureau chief for the Financial Times. Sara, mike, back to you. The binary choice for the french voters, thank you. A quick check on futures. This is leading to a big rally for u. S. Stocks in the early market. Futures up more than 200 points. S p up 29. Nasdaq up 58. Starting the week on a very strong note. Coming up a big week ahead in washington as well. President trump promising a tough package while negotiating keeping the government running. We take you to the capitol for a live report next. First before we head to break, heres todays National Weather forecast from nbcs bill karins. Good morning, sara, mike and wilfred. The big story over this portion of the week is going to be the heavy rain and then coming up the east coast. A lot of trafaut ot of travel d potential for flooding. 16 million in risk of flooding in the carolinas, portions of virginia, too. Slowmoving thunderstorms. 3 to 5 inches of rain locally. Up to 8 inches of rain. We start with the rain today, areas of virginia, north carolina, south carolina. That blue and red, thats up to 3 to 5 inches of rain. Serious blooding possible from wilmington, fayetteville down to myrtle beach. Then on tuesday, that will spread up the eastern seaboard. Expect a lot of rain potential in d. C. , new york and boston. Thats your business travels forecast. More Worldwide Exchange when we come back. Over hereno ver here dog barking whoever threw it has to go get it. Not me somebody will get it. dog barking anyone can dream. Making it a reality is the hard part. From the b2 to the upcoming b21, Northrop Grumman stealth bombers give america an advantage in a turbulent world. And were looking for a few dreamers to join us. Welcome back to Worldwide Exchange. And good morning. Lets get you up to speed on the Market Action which is very positive this morning. The reaction globally to the results of the French Election. We now know that Marine Le Pen will face offer with Emmanuel Macron may 7th. That is seen as market friendly. That macron is now leading the polls by 20 points to win that election. Dow futures jumped 215 points. S p jumped 30. Nasdaq futures jumped 59. It all started with the first reaction in the euro spiking, dropping higher, highest level since november against the dollar. The results started coming in yesterday afternoon. There it is, very market friendly. You can see it in the French Market as well. The cac up more than 4 . That in part, is being driven by the banks strong this morning. The french banking surging 7 , 8 , 9 , mike. Sara, thank you. Congress returns with just days left to avoid a government deal of a shutdown. While President Trump is looking for a deal on taxes ahead of his 100th day in washington. The latest ahead of a very busy week. Mike, this is shaping up to be a pivotal week both for the white house and capitol hill. More than 100 staffers at the Treasury Department all working under the administrations tax plan. Theyre getting ready for the big reveal that the president has said will come on wednesday. Still, officials tell me that it will be a raw set of principles and priorities, not a detailed policy documents. After sunday night, key lawmakers have not yet seen a draft of the tax plan. And no word on whether theyll weigh in on the border adjustment tax. But secretary Steven Mnuchin on saturday was adamant that this plan would pay for itself. The impact to growth is staggering. The compounding effect of growth is really important. So theres no question, were looking at reforms that will pay for themselves. With growth. Lawmakers and even some treasury staffers were surprised by the president s timing on this. Right now, the focus on capitol hill is on preventing a government shutdown. And the big Sticking Point is funding for the border wall. Democrats wont pay for it but on meet the press, white house chief of staff Reince Priebus yesterday appeared to give the administration some wiggle room that money simply planning the wall could pass muster. The official plan is friday, guys. Dont be surprised if lawmakers punt this into next week. Yeah. Of course, theyve done that in the past. What is now the sense on little . In terms resetivity for undertaking a tax plan . As you said its a broad statement of principle from the white house . Theres just not time in order to take on that type of heavy lift. Well be lucky if we see this by sometime in the fall. Really right now, the order is government shutdown. Keep the government open. Perhaps it turning to health care in the springtime. And then maybe once thats done. They can turn back the taxes in the fall. But right now, its just the president sort of outlining potentially what he thinks he wants to see in any type of package. And is the Sticking Point there, the border wall . The Sticking Point in tax reform package . No, in keeping the government open . Yes, the Stick