One luxury auto make is soaring. Robots and the latest in meats, the latest from ces 2020 as Worldwide Exchange begins right now. Good morning welcome to the show. Im dominic chu in for Brian Sullivan we begin this morning with wall streets massive 200point turn around this time lapse is crazy to watch. That huge turn around midday stock futures looking to add to the gains as investors put that middle east tension in the Rearview Mirror for now. The bond market showing signs of life 10year note about 1. 814 . Twoyear as well in the asia trade, can you see generally green screen all across the board there the nikkei in japan. Over half percent gains out in main land china. The spin of the globe now. We are seeing that green carry over in trading. The cac in france up the ftse up and the german dax up almost one full percent as well going to rahel with more this morning. American airlines has reached a settlement with boeing over the grounding of the 737 max it will receive compensation over several years and will share more than 30 million with its employees. Separately boeing says it will reassign about 3,000 workers to other jobs as it halts production of the 737 max later this month some will shift to the work on the 767 and triple 7 in washington boeing has said there will be no furloughs or layoffs Spirit Aerosystems is offering layoffs spirit makes parts for the max and over half of the revenue comes from parts from the program. They are in wichita, kansas. Shares of as t shares of aston martin down more than 10 the company says it has been hit by lower sales, higher selling and lower margins. When i think aston martin, i think that old rick ross song. I keep thinking james bond. Thank you, rahel stock futures indicated opening up again by about 17 points after yesterdays more than 200point turn around in the market what ha changed in the last 24 hours . Matt, i got to say, i was there watching it through the midday we were joking early in the morning, some what watch, this market is going to shake it all off and finish in the green. We didnt think it would really happen this is a bullet proof market, is it not . It seems bullet proof but never really is. Yesterday showed there is a little too much kplas complacen there. We talked about 28 last year but it was really 38 from the previous christmas day, Christmas Eve of 2018. Just 12 over the last three months, the market getting overbought this is significant news i think the market needs to pull back a little bit. If nothing else, i think the upside is a little bit people with the money, they want to put that to work. They want to jump in with both feet and keep the powder dry this is not because im a bull or a bear but because im a market observer. People are saying this market is due for a pull back for the better part of a year now yet it has never really happened. They havent really had that opportunity to step in and buy what exactly takes this market down if it is not the threat of a real conflict in the middle east a couple of things. Number one, it could be Interest Rates. The thing we are seeing here is even if the economy doesnt approve it we are seeing Interest Rates around the globe move up longterm Interest Rates the german bund, negative rates were quite deep. Now it is back to deep rates in germany. The number has gone from 17 trillion of negative Interest Rates now down to 12 see Interest Rates are moving up that is one of the reasons Interest Rates overshot to the down side last year in the u. S as global Interest Rates move up, they will move up in the u. S. Even as the economy doesnt improve. Earnings last year were zero, flat for 2019. Yet the market rallied as it did. We get to the earnings season, it looks like well have a really good year looking at 8 to 9 growth if that comes in to the midto low singles coming to the year that is a problem. Do you believe then that Interest Rates really are heading higher and what will drive that overhaul . Two things, number one. Like i said. If the situation in the middle east blows up, Interest Rates will go down but the market will go down with it in a flight to the safety trade i do think it has to do with what is going on with christine lagarde. She is pushing for Interest Rates to move higher and move away from a negative Interest Rate in europe because it was killing their banks. As those Interest Rates move up, those rates become less competitive. They can move up as well people wont need to come and buy u. S. Bonds as much as they had. When people talk about, geese, rates will go higher it will be fine because the economy is better they can go higher for that season Interest Rates a certain key there. Thank you very much. Thank you when we come back, breaking news out of the middle east. Dozens of people reportedly killed in iran during a stampede during the funeral for the commander killed in u. S. Drone strikes last week. Plus what tesla is doing right having its stock hitting record highs. We are live with that answer and new details emerging about Carlos Ghosns escape from japan. A very busy hour ahead when Worldwide Exchange returns after this i can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant stay resthe new rx,the icon thatcrafted by lexus. Lease the 2020 rx 350 for 419 a month for 36 months. Experience amazing at your lexus dealer. Some things are too important to do yourself. Get customized security with 24 7 monitoring from xfinity home. Awarded the best professionally installed system by cnet. Simple. Easy. Awesome. Call, click or visit a store today. Breaking news out of the middle east. These are some live videos from iran where a funeral procession is being held for the top iranian general killed in a u. S. Air strike last week iranian tv reports 35 people were killed in a stampede at this funeral now in washington, d. C. , the pentagon is breaking with President Trump over his weekend threats to target 52 iranian sites including ones of major cultural significance as the Defense Department plays defense over a leaked draft memo of future strikes in iraq tracie potts has more. Take us through what we should know reporter there is. The breaking news you were looking at those live pictures of what is relative calm compared to what we heard happen this morning these 35 people that were killed and four dozen injured in a stampede during what we know has caused people to pour into the streets as a result of the u. S. Air strike that killed the general in charge of the military there now, you mention that leaked memo from the pentagon that is key because this memo suggested that the u. S. Was already planning to pull out of iraq, before iraq decided they wanted all u. S. Troops out the secretary of defense is saying no decision has been made on that. Also the cultural sites you mention, President Trump said should be fair game for u. S. Attacks and retaliation. The pentagon says no, that is actually a war cry we are following this with the push here to limit what the president can do with the action that he can take congress and get a briefing on the intelligence the u. S. Had behind this attack tomorrow tracy, what is the dynamic now with regard to some intelligence here. We know Congress Wants more information of what is happening, what has happened what is playing out in the Capital Building right now democrats are saying they want to see the intelligence they are not sure it exists and there is a long game of strategy the Trump Administration has had. Was this air strike justified or an overreaction to what had been going on between the u. S. And iran there is tension between the white house and the pentagon over the possible targeting of those cultural sites which is off limits according to International Law but not according to President Trump general Qassem Soleimanis funeral putting a spotlight on what is going on now still on deck, elon musks magic is hard at work. Next, what is next for the company when Worldwide Exchange comes right back announcer todays big number, 100 billion that is how much disneys streaming business is worth including disney plus, espn plus and hulu according to an estimate by barclays the market cap is currently 264 billion. Having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Welcome back. Youve got ubs higher after an internal memo shows it is overhauling the flagship business in europe the first big change since former Credit Suisse executive joined as the head of that Commission Last year ubs has 2. 5 trillion in invested assets. Microchip technology is up projecting sales this year to be at the top end of the previous range. Microchip ceo says he used the latest quarter as the bottom of the turn and expects revenues to grow in 2020 shares of tesla continue to march higher after another record said yesterday. Boosted last week by Fourth Quarter deliveries that top forecast and 2019 numbers in line with its own guidance that brings us to our own younes yoon in china where they have reached a milestone. Arguably, the china story is what is driving that tesla stock. Absolutely. There is a whole lot of potential. Today, tesla delivered its china made model 3s to the chinese public for the first time. Elon musk is in china for this occasion this is just one week after the company had delivered some of its model 3s delivered here to its employees. The company has said that 10 tesla customers received their cars today at a ceremony in the plant. This is the first plant outside of the United States the Production Capacity is currently 150,000 vehicles a year tesla plans to raise that to 250,000. That would include the production of the model y suv. The bet comes as subsidies have started to dry up in china the whole program for those will end by the end of this year the move also comes during the trade war but i think, dom, what is interesting and shows how important the china market is, even though the subsidies are drying up for the ev market for a lot of american companies. Eunice, the story is, if you take a look at the closing value for tesla. That market cap, currently is around 87 billion 82. 2 as of close yesterday. Contrast with General Motors and ford itself. You put those two together tesla is now almost bigger than General Motors and ford combined how big of a story will china be for all three of these given the rush to electric vehicles . I think it is going to be a major part of the story for all three of those Vehicle Companies just because of the potential for evs and the fact that china is moving aggressively to ramp up the ev market and get people to switch. Currently, the ev market is backed by government and government linkedini initiatives tesla is moving there to try to ramp up the appeal first of all with the model y, today, musk said he believes they are going to be producing model 3s and model ys there. He also sees the model y having more demand than all the other tesla cars combined. To give you a sense of his appeal he, himself, was dancing at the car factory. That dance in the video has been all over social media. Also the pricing has been quite good for tesla a lot of people say it has been priced since it is made in china, it is lower and more affordable here. You can imagine china sees this whole industry as a race against the United States as well eunice yoon, live in beijing still to come up, now troubles for investment giant Franklin Templeton and how juul is looki tngo right its financial for opportunities when Worldwide Exchange returns after this you should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. 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More than 100 fires are burning across the country and in some areas, flames reached 230 feet so for 24 people have died the government has pledged 1. 39 billion. Spacex sent another 60 star links making spacex the largest sat lie operator the first batch with a dark coating to try to appease star gazers spacex successfully landed the falcon 9 booster on an ocean platform those are your headlines thank you for that. When we come back on the show, former assistant secretary of the state on the rising middle east tensions and what it means for internet security. Facebook taking moves to fight fake news and deepfakes. More when Worldwide Exchange returns after this i am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. But how do i know if im im getting a good deal . 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The implied open will be down about six points as the futures move the s p 500 would be about flat. The nasdaq up about seven points on the Interest Rate side of things, the tick higher. The 10year benchmark currently 1. 811 the twoyear lower at 1. 56 trade there. Looking at Interest Rates there. Japan, hong kong, shanghai green across the screen. The nikkei up over 1. 5 . Up around half a percent in that trade. Lets spin over to what is happening in europe. The possibility happening there. Mostly green the german dax up a percent. The ftse 100 in the uk is flat in corporate news, juul tapping the chief Financial Officer to lead the 1 billion restructuring effort the embattled maker saying that guy cart write will serve as the companys chief transformation officer. Lawmakers in california have introduced a bill to ban all flavored tobacco sale including those not covered by the Trump Administrations partial ban pier 1 to close up to 450 stores it should be noted, it is important here the company only has a Market Company of around 22 million. We want to show it to you to indicate trends about retail Franklin Templeton saw more out flows than any other company last year. Investo