Transcripts For CNBC Worldwide Exchange 20170619 : compareme

CNBC Worldwide Exchange June 19, 2017

I am will fred frost. And i am sara eisen lets get to the Global Market picture on friday, essentially margts were flat end, dow s p as a whole, down around 1 . The dow was up half percent, s p flat as far as sector performance, tech the worst, down a for the week as a whole on friday itself energy was the sector that outperformed up a percent as all prices rebound toward the back end of the week have a look at what futures are doing, higher by 74 points gains in europe and asia at the moment more on those in a moment. British pound for you this morning holding just above the flat line, up about a quarter percent. 128. 04 brexit negotiations begin to take place also because of a developing story out of london. We will come back to markets in a moment a man drove a van into a crowd near a mosque in london. Reporter good morning. Unfortunately this is an all too familiar sight in central london, fourth attack in the uk in less than four months what we know is shortly after midnight, a man driving a sizable white van swerved off the road onto pavement aiming at a number of pedestrians. One man pronounced dead on the scene, police arent sure it is a direct consequence of the attack, another 8 injured and taken to hospital, two seriously injured were told by the police as far as were aware, couple mosques close to here. All were members of the Muslim Community. The understanding is this is a terrorist incident, these people were specifically targeted by the 48yearold man taken into custody. We have no further specifics about his identity we have been told by metropolitan police he is undergoing Mental Health assessment once thats finished, he will be handed to Police Custody in terms of political reaction in the uk, following a series of incidents in recent months, we heard from theresa may, chairing a security meeting this morning. Her main political opponent, jeremy corbyn, this is his local constituency we heard how shocked he was at the incident we understand later today will be joining some of the local Muslim Community at prayers not far from where i am. To slightly switch focus specifically from developments overnight, we have brexit talks starting today and over the weekend it has been a tough time for the Prime Minister being criticized for reaction to the Grenfell Tower fire last week. How much pressure is the Prime Minister under at the moment reporter huge amount we heard from back bench conservative mps the last few days, they have been briefing, criticism of theresa may david davis, brexit secretary currently in brussels about to go face to face with head of eu representation when it comes to brexit negotiations and faced a huge amount of criticism from people across the political spectrum, local people in northwest london where that horrific fire was last week, not turning up quickly enough to talk to local people havent seen a televised statement this morning one majs once she finishes that security meeting, we will see her talking to the press thanks so much. To the markets we go a look at how stocks fair in europe in early trade monday a strong start for european stocks german dax up 1 keep an eye on france cac. Cheering after macrons new Political Force winning comprehensive majority in parliamentary elections, and investors like what they have to see there. Ftse 100 as brexit talks begin, thats up sixtenths percent and the uk referendum vote, saw that up 17 in the uk. Italian stocks higher just fractionally on the day. Turn attention to asia Interesting Data out of japan. Weaker exports than initially expected japanese nikkei with that disappointing number, closing higher higher in hong kong and china. They will decide whether to include china shares a big thing. Shanghai composite up seventenths percent theyll stay flat around 2. 1, 2. 2 last week, despite a rate hike oil prices for you which did rebound friday allowing the Energy Sector to outperform slipping again a third this morning. 44. 6 price of wti dollar for you, pretty much flat for the week as a whole. Little Dollar Strength to talk about against the yen. Exactly flat against euro, the pound had been flat itself gold prices to round things off, soft week, down 1. 2 last week, today down a third percent friday was the worst performing day of 2017. As we were telling you, almost one year since britains voted to leave the European Union. Today formal talks begin the brexit secretary david davis will meet with eu chief negotiator in brussels to kickoff the process, must be completed march, 2019. Discussions come less than two weeks after theresa may and lost the majority clearly a big week for the uk. A very good week, start of a big 18 months opposed to expecting anything specific out of negotiations this week. The most important thing is both sides intending to set the tone in positive light to try to regain each others trust. I dont think theyll iron out the final details this week. Key take away from what did the uk election mean for this, the most important point still 80 voted for carries to carry out brexit labor between this and macrons comment, he would still take them back, thats not the case brexit expected to happen. And debate between soft and hard brexit, get a pound rally if brexit is softer philip hammond, seen less hard on brexit than theresa may making it clear if we carry out brexit, that means leaving Single Market and customs union. It is like a pound rally and softer brexit doesnt make sense. Either way, they start today talks must be finished by march, 2019. Other news from europe, the french president his party scoring a victory in second round of parliamentary elections. Despite low turnout, he has a majority, around 360 seats restoring the countrys influence in europe. The real losers as in the president ial election, the socialist party, outgoing government crushed, holding on to only 44 previous 284 seats. The center Left Political Party in france has been decimated by macron now to politics in the u. S president trumps American Technology council will hold its first meeting at the white house today. Attendees expected to include Senior Executives from firms including apple, facebook and google, but no official list has been released. The council was established by the president last month, will focus on modernizing Government Technology and increasing Cyber Security measures. Paris air show taking flight heavy hitters in Aerospace Industries are talking deals and the latest technology. Phil bow is live exclusive interview. Good morning to you. Reporter good morning. Very busy day in paris on the defense side as well with commercial aircraft. Who better to talk about that than the ceo of rockwell collins, not only big with defense, well talk about that in a bit but on the commercial side you finished the be acquisition. How is that going as you bring them into the rockwell family . Going really well closed middle of april be is Market Leader we have the full gamut of capability to offer airline customers. Do you see slow down in demand for commercial aircraft not really. Air traffic is very strong seeing stronger demand for narrow other than wide bodies, theres a replacement cycle in wide bodies as well. We feel confident long term ai traffic growth is there, markets are strong. So much is about interior, cabin of the plane connectivity is a big part of what you push these days youre on the cusp of the next generation as far as connectivity, correct . Thats correct. We acquired a Company Called air rank three years ago to provide that base capability were installing Broadband Systems on aircraft that will provide much better quality of Service Offering to airline customers. You heard from people who said it is great they offered this, but quality is not there when does that start to change it is starting now, were about 25 through the market we have 75 left to go we provide a more broadband system which will improve service to passengers. Shift to the defense side f35 flying here, you have the helmet pilots used in the f35 on the defense side, you were mentioning this is a busy show for you, isnt it. It is defense business is improving, particularly u. S. Government business so were very busy with new opportunities. I feel good about our positions in the defense market. How much is payback for sequestration. I think a lot is payback foresee questions trags. That was detrimental to readiness. Seeing a lot of money put back into buckets of capability that bodies well for the company. Trump Budget Proposal when it comes to defense spending, how much do you ultimately see going through. Do we get everything he is zg for, look and say we will get a fair amount, not everything. You never get everything you ask for. I suspect there will be negotiation. We think we can see low to mid Single Digits growth in defense budgets. Guys, i heard this from everybody from kelly to other ceos of defense contractors, more meetings than ever before defense in demand and seeing that in paris. Back to you. Great stuff we look forward to ongoing coverage through the day lots of exclusive interviews to come. Still ahead on Worldwide Exchange. Live in cannes, battle for ad space is brutal. Who is competing, whats at stake. Stay tuned back in a couple of minutes. Anyone can dream. Making it a reality is the hard part. Northrop grumman command and control systems always let you see the complete picture. And were looking for a few dreamers to join us. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov good morning welcome to Worldwide Exchange. Up to speed on the market picture. U. S. Futures taking a lead from asian and european trade which is positive. Decent moves infutures market, particularly from nasdaq, up 0. 7 and the s p and dow higher by a third to 1 . Dow was higher by a half percent, s p flat as a whole look at Oil Prices Energy was the best performing sector friday. Oil prices bounced back a half percent for the week as a whole, energy did underperform oil prices down 2. 5 have recovered in the last hour. We were down last hour flat now that stability also encouraging equity markets the cannes advertising festival under way in the south of france, the worlds most powerful brands and biggest agencies trying to figure out where to put their ad dollars. Julia abnorm Julia Boorstin is there with the big moves. Reporter good morning to you. Tens of thousands of ad executives will walk this beach as digital ad platforms try to lure more ad dollars facebook and google not only dominate digital ad market, they dominate the beach as you can see from branded beach ka ban as, challenges are in focus, google yesterday saying doing more to combat extremist contact. And reassuring brand safety from the two giants there were issues around measurement, then right behind that in beginning of this year we had all this noise and it is real noise about brand safety. I think those are really the underlying issues that are facing marketers how do you address those issues. The most prominent brand visually is snap with giant ferris wheel looming over the beach. As snap chat grows to fight ad dollars. Pinterest, with interactive kiosks, the visual search here making a splash on the beach, oracle and ibm, putting Ai Technology in the spotlight. They offered tools to help brands better measure who is seeing their ads, what kind of impact theyre having. This as brands across the world are pushing to understand their return on investment guys, back to you. Julia, this is the first time snap has been there as a publicly listed company, lots of focus on their share price as it dipped below 17 is this a make or break week are we going to see share price moves off the back of it if they announce certain deals reporter well, they announced news a week ago. We dont expect any big news from snap out of here. Whats been interesting, will, talking to snap content partners and advertisers. They seem pretty happy with the relationship, happy with return on investment as they put brand and content on the platform. The question really that i am hearing from brands and advertisers is whether facebook and instagram will have ability to crush snap as they copy some of the most popular features i dont think we see big news but definitely conversation about snap. Looks lovely. I am sure coverage will match through the day. Still to come here on Worldwide Exchange. Youve heard about singles day the biggest competitor in china broke a major sales record of its own. That story coming up. First, todays National Weather forecast from bill karins good morning to you the big story is storms through the northeast and heat wave in the west 60 million at risk, including big cities on i95 biggest threat is high winds with thunderstorms as they roll through. A lot of lightning, could get flash flooding out of that how about the heat ridge in the west, some areas seeing the hottest temperatures in nearly 20 years because of a huge heat dome, continues through the midd middle of the week until it breaks next weekend. 118 in phoenix cooler in the great lakes. Theres storms in the midatlantic later today tomorrow we jump to 120 in the valley of thsue n. Thats Business Travel forecast. More Worldwide Exchange when we come back just imagine if all the machines at work were constantly thinking. Always on the lookout for patterns and connections to make everything work better. I call it the internet of everything, but its really the internet of everyday life. The partnership between Dell Technologies and sap helps make the promise of the internet of things a reality for our customers. We know how powerful live data can be. We use sap at dell to run everything from finance to procurement to travel expenses. And thats the same kind of live insight we can now start offering to all of our customers. And as we get better information, better insights, it can improve virtually every aspect of society and the economy. Thats the opportunity of our generation. The next industrial revolution. Thats why Dell Technologies runs live with sap. Welcome back to Worldwide Exchange. Some stocks to watch shares of british online super market ocado up. Theyre a takeover target for amazon this morning, framed by some analysts as making ocado more attractive as a takeover amazon up 7 in european trade. In other ecommerce news, jd. Com had a sale over the weekend, a record setting event. Good morning reporter thanks so much, will fred. I am surrounded by toys, diapers, home appliances, everything you would see in the house are here at this jd delivery center. This is just one out of 6900 delivery stations across the country that jd has. In this one alone 10,000 packages are going to be shipped out today. Thats because over the weekend sunday was the culmination of jds summer sales event. This is an event similar to singles day is a big shopping bonanza. It marks the First Anniversary and is a day they give customers steep discounts. The company said that they have had record sales from this event. They said over the 18 day period, they saw 17. 6 billion of goods sold across their sites. I spoke with the founder, he told me what Consumers Want today from china is quality. Consumers buy high quality bands. Chinese they would like to buy high quality goods. Today these goods are being delivered by their 70,000 delivery people. Someday soon, hopes that drones are doing much of this delivery. As you know, amazon has been hot about drones but mired in red tape because of washington here in china, jd has been moving fast. They already have 40 real routes being carried out by drones. And their drones can carry things as much as 66 pounds, even working on one to carry one ton of goods what would you say how this helps jd. Com compete wi with alibaba. It helps them compete, theyre eyeing new consumers, especially in rural areas. To reach those people, you need to get over different types of land mass. Theyre talking about carrying lots of different products over to people who will soon have their own spending power now to sports. Winning the u. S. Open, he finished 16 under par, securing his first major championship the 27yearold took home 2. 2 million, largest single day earning in golf. Congratulations to him. Still to come. Round up of the top stories and Global Market. Live at the Paris Air Show where roacbiggest players in the aespe industry are gathered. Stay tuned all done by. Yesterday. Banks arent just undergoing a face lift. Theyre undergoing a transformation. A data fueled, security driven shift in applications and customer experience. Which is why comcast business delivers Consistent Network Performance and speed across all your locations. Hello, mr. Deets. Every Branch Running like headquarters. Thats how you outmaneuver. Brexit front and center, kicking off a new trading week straight ahead. Deal making goes sky high. Were live at the Paris Air Show where theyre gathered

© 2025 Vimarsana