Good morning a warm welcome to Worldwide Exchange here on cnbc im wilfred frost. Lets get straight to the market picture. We did see yesterday the s p flat, the dow down about 0. 15 the nasdaq was up, 0. 2 . Theres been some concerns of a selloff. Weak to date were only down half of a percent for the dow and s p. The nasdaq is down a full percent. Its not that bad given the great runs of late this morning bouncing back, nearly 40 points higher for the dow. The s p up 5 points. The nasdaq up 25 points or so. Lets look at europe it was down yesterday, but not too badly. Having sold off more meaningfully at the start of the week germany up a half percent. About a quarter of a percent of gains for the uk and france. Asia in the eye of the storm yesterday with quite significant declines lets get more on the markets in asia from Nancy Hungerford she joins us from singapore. Hey, nancy thats right. A different story here for asian equities lets start with the comeback story, the nikkei 225, h
The russia 10year drops after they eased more than people expected and said there could be lower rates, more than people thought asked year. Of we are looking at the home, stock index, that is down 1. 5 . Volatility is the highest in the year. Of this stems from the idea that global banks are going to enter into a tightening cycle. The u. K. 10year is dropping by two basis points. The bank of england is probably not going to raise rates anytime soon, growth is not jumping off in any major way. The brexit negotiations are ongoing and complicated and possibly getting more complicated, if possible. Alix it was steady as she goes, not doing anything to ruffle feathers. Supportive of markets, if anything were to disrupt them, that could equal to a negative yield index. Alix lets talk about what its making headlines. This is emma chandra. Emma brexit talks can enter phase two here and they agreed that the british Prime Minister has complied with their divorce conditions. Now they will discus
Roadmap begins with President Trump morking north koreas nukes and mega chinese deal block, and shares of intel are down reports the i. T. Industry is bracing for news of a major security flaw affecting intel chips. It did not take long for stocks to make history in 18, that is d nasdaq closed above 7,000 for first time best day since october 27th. Whats going on with tech . I think that the profit taking ended i believe that there was a huge amount of money that left tech and went over to industrials and a large part because the gains were so great, also because there was a feeling that you could select your lot because of the new tax code, it made sense and turn out it didnt matter. Whats really happening here, carl, it is just an unprecedented amount of research as possible. I sent i sent a list today, theres 35 upgrades and what happened is that nobody seemed to realize that nothing is built in every one of these notes is about how tax reform, tax reform or unbelievable Holiday Sea
What should you do with your portfolio . Well tell you. But first, we start with trump tweeting and the market listening. After calling out boeing last week, trump took on lockheed marin this morning, saying the costs are out of control. Billions of dollars can and will be saved on military and other purchases after january 20th. The stocks paid attention. Lockheed pulling nearly 3 . Northrop grummond, General Dynamics. Who could trumps next target be . First of all, on defense. Guy, investable or not . Yeah, i think its ininvestable. When he went after carrier, obviously the united technologies, one of the things we said was, they were in the crosshairs now, hell move on to the next target. United technologies, by the way, made a 52week high and closing on levels we slaft saw a yearandahalf, two years ago. Following in the after market, what is an alltime high. And i think the same thing is going to happen with lockheed martin. In the case of lockheed, it might take longer. This is a
Development and look at the root causes of immigration. The new plant will offer lifelines for those who would otherwise be pushed to take dangerous journeys in such for a better life. It has to be done. [applause]. As much as we invest in improving conditions we also need to invest in responding to humanitarian crisis. More than anything, we need to invest in our young people. I cannot. [inaudible] to youth unemployment. [applause]. I will not accept that the generation y might be the first generation that could be poor than their parents. Of course this is attack the European Union can support this effort. In their efforts. We are doing this with the European Youth council that was launched three years ago. The commission in the house, the effectiveness on step up the guarantee. More than 9 million young people got a job because of the European Union. We will continue improving the skill set of europeans in reaching out to the regions and people most in need. The European Union can a