Does rbc have to say about the sell off and jp morgan is boosting the annual fee for one of its most popular credit cards. Worldwide exchange begins right now. Good morning. Welcome to the show. Stock futures pointing to more gains at the opening bell following yesterdays turn around the s p around record levels as well it did set record interaday highs. Up another 18 points implied today. The dow up by 153 and 60 for the nasdaq looking at the bond market yields are rising off of the lows we saw in the wake of general Qassem Soleimanis killing. 1. 874 twoyear 1. 58 as well going worldwide. After seeing a rebound innizia you can see a lot of green on the screen nikkei in japan up almost 2. 5 nearly 1 gains for the composite index as well. Lets spin that over to what is happening in early european trading. I dont see any red on there up 1 . Same for the ftse in the uk and for the dax in germany oil sinking 5 as tensions cool off for now. Crude oil for u. S. Based benchmark, wti up one quarter of 1 joining me now from uk wedge management lets talk about the idea that geopolitical risk really doesnt seem to matter at all. Is there a sense that markets have nowhere to go but up . It doesnt seem to matter because if things flair up, it will come down again it will matter when it really does matter but by then, it could be a little too late until you get to that stage where it really will matter and the bar is high for that you stay the course for the time being. So staying the course also involves looking for every other piece of the market that is not just u. S. Stocks there is a sense now for a risk on rally for emerging markets and commodities out there. What represents the case where you see the most momentum going to the next few months one area where we have started to add to risk is the emerging markets fears about the trade war and fears about how Global Growth on that level has come down we are not ready to ride a major cyclical train yet from a positioning point of view, base effects and where things can start to turn, emerging markets can find the best reward. Both sides on pens and paper next week. The other place we are watching what is happening with the u. S. And china. It feels like forever since we talked about the trade headlines. Is that situation going to be one that cat lies further to the upside or has most been priced into the current market environment . I think most of it is priced in right now we need both sides to put pen and paper to that. The question is what happens next is there going to be a phase two trade deal it really involves a lot of structural changes which they will find difficult to counter at the same time, what the market is looking for if we can get, lets say, a period of 18 to 24 months where they keep the status quo, no more escalation markets will absolutely take that lets take about the european continent. Looking at brexit negotiations we know they are going to leave the eu Boris Johnson wants a freetrade agreement with the eu. There is a little push back here how much will brexit and the uk play into the market thesis in 2020 the new passports dont have the Words European Union now there was a chat between the Prime Minister and the european commissioner she did push back the trade deal most of those want to agree that something would take a lot of time the eu canada trade deal took years to negotiate that framework that set the stage for future deals and Something Like what japan and the u. S. Signed. That is achievable lets not forget, nobody expects Boris Johnson to come back with that he pulled a rabbit out of a hat this time around thank you for your thoughts this morning President Trump signaling a massive deescalation as both sides appear to be standing down for the time being well go to tel aviv, israel things are calm for now. Can it stay that way it seems remarkable right it was very surprising iranians said this was a slap in the face for the Trump Administration americans say this looked more like a slap on the wrist everybody is breathing a sigh of relief because they were expecting more of a punch in the gut. It looks like something done entirely for iranian domestic consumption. It seems they meant deliberately not to take any lives or u. S. Coalitions at those two bases targeted bio officials it seems that iranians have gone back on their state television and claimed that theyve killed dozens and dozens of americans even eya tolla khamenei posted a picture that looked like donald trump with a slap across the face. Trying to demonstrate domestically that they can stand up to the United States. Its a tough call maybe this thing is over a tough line to stradle for sure lets talk about the action from the middle east. We know there is a lot of parties out there that didnt want to see any kind of escalation lets talk about everybody else out there. Is there a sense the middle east can feel more comfortable given this Current Development currently here, they didnt expect to actually see any retaliation coming this way. Even though israel is surrounded by iranian proxies, including hezbollah led by Qassem Soleimani who was killed in that u. S. Attack on friday. The rest of the region were on tenter hooks this is a region used to feeling that kind of sustain pencpence. All of the conversation with striking back and kicking americans out of the region. None of that happened but expectation that maybe this isnt over thank you for that update on the middle east. Lets get a look at other top stories. Frank holland is here with those. Good morning. These are the top stories we are following. China confirms vice premier liu he will travel to washington to sign the phase one trade deal with the u. S. Expected to cut tariffs. No version of the text has been released and china has yet to publicly commit to keep points close to 2 billion over two years. Russia rushes to secure flight simulators for the max. Financial times reports there are only 34 available simulators around the world boeing previously said pilots would only need to train on a commuter to qualify to fly the max. Leader of iag will step down he will be replaced by the leader of iberia 2019 marked the weakest expansion since the financial crisis and 2020 remains vulnerable for trade and political tensions thank you for those updates when we come back, the more than twohour News Conference was apparently not enough. What the ousted Nissan Renault chief told our own reporter and helimaro o cftn what the future of crude could look like Worldwide Exchange returns after this 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. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Japans Justice Minister launching a rare and forceful public take down of carlos ghosn following the more than twohour News Conference where he said there was, quote, zero chance of a fair trial in japan. The Justice Minister said there were few statements backed by real evidence. If he wants to prove his innocence, he should face trial in tokyo our reporter was in the room and had a chance to sit down with him. Joining us now from beirut michelle, it was probably one of the most curious News Conferences ive seen on business news. Reporter it was certainly very long. He took a lot of questions lebanese investigators met with him because of an interpolish u, red alert notice by interpole, a request for an arrest being done by japan trying to get him to go back the chances of him being extradicted by his homeland, home of his childhood is pretty much close to zero here. They just dont do that. That escape is still very, very interesting to the whole world he was under house arrest as he managed to organize it first question i asked, just how did you do it . I did myself, obviously with the help of some people that i got to know. Im not going to develop this because im going to expose them im not going to take any risk for people there to give me help to how to leave japan without creating any trouble which was the case tell me, you are stuck in a box for several hours, breathing through air holes, what is that like im not going to confirm or say anything i can tell you, obviously, you have a lot of anxiety when you are in a period when you are transiting out of a country but not still out of reach when you go through an experience like mine ive been arrested 19 of november 2018 and been through very, very tough times with a lot of adventure, i would say. You are numb somehow your ability to feel is diminished you protect yourself by numbing yourself i would say it is fair to say between november 19, 2018 up to 30 of december, 2019 when i arrived to beirut was a little bit of a period that is a kind of par enthis in my life somehow i am reborn since i arrived here when you tell me, what were your emotion. Ied emotion but they were diminished to how im feeling now. When you got out in lebanon it is a rebirth first face i seen is the face of my wife in the house of her parents. I cant tell you the joy i had to simply be with her after spending nine months not being able to talk to her or see her, with absolutely no end in sight for this kind of ridiculous ban that they put on me. It had a special taste in a certain way, it helps you put back pry ority in your life about the people that are most important. Im a different man today. How much did it cost . Ive seen a lot of numbers circulating in the press, i think they are very, very generous in general. Too high . Yeah. Thats what i can tell you i dont think you need this kind of money to be able to organize. The simpler it is the better it is, the more chance you have to be successful and the more discreet you will be. What if you have to spend the rest of your life in lebanon are you ready for that it is better than spending the rest of my life in japan reporter he believed if he stayed in japan, he might be there the rest of his life he said he was not going to be a speedy trial it would be years before everything was done. We spoke about that and the charges he faces you can see all of that interview on cnbc. Com. Back to you. Michelle, if i could follow up there as i was watching that interview, one of the things that really struck me is just how much confidence and animation he has a stark contract to what it was like a year and a half ago when it looked like he had lost all of that weight in prison did it seem that he was a different man than what we saw a year ago certainly you are referring to a videotape release he put out he was going to hold a press conference in japan more than a year ago that came an end because he got rearrested he put out a videotape saying if you are watching this tape, it is because i was not able to hold a press conference. Hes certainly very, very different today. Hes completely elated to be freed and feels very aggressive about trying to right his name certainly if hes not going to do it in a court of japan, hes going to do it in the court of opinion. Of course michelle, well see you later with more on that conversation as well. Like we said, for more on that conversation with ghosn, stay tuned to this and go on line to cnbc. Com as well we can see shares off their lows here at bed bath and beyond but sink to at the drain, down it this morning. The story for bed bath and beyond and why is coming up next announcer todays big number, 40 . That is how much on average publicly traded pot stocks lost in 2019. Legendary terrain in telluride, the unparalleled landscape of park city, or the famed peaks of whistler, youve faced the hassle of lugging your gear through the airport. With ship skis, youre just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. With unrivaled pricing, real time tracking ship skis delivers, hassle free. Ship ahead and go catch those first tracks on fresh snow. Ship skis. Your skis. Delivered. Its almost like a mywchallenge everyday to seeey. How well i can eat and still enjoy myself all day long. I wake up every morning to see how much weight ive lost and how much better i look. Myww join today with the ww triple play doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Welcome back lets check out some of the stocks on the move this morning bed bath and beyond swinging lower results hurt in the Holiday Season samestore sales falling it will unveil a new plan. Shares off 9 . Hp board rejects xeroxs takeover bid the offer made in november still significantly undervalues the company. Shares of helen of troy rising today. Forecasting sales brother up 7. 7 and up 6 in extended trade. Still ahead, what Pioneer Natural Resources ceo said Worldwide Exchange is back after this imagine traveling hasslefree with your golf clubs. Now you can, with shipsticks. 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Stock futures set to surge as investors set to shake off middle east tensions we speak with helima croft who is live in the region in a moment our own Brian Sullivan caught up with the ceo of pioneer asking him what his outlook is on oil and why iran may soon be playing a growing role in that market. If you notice, u. S. Production is on a slow down after 18 grew 1. 5 million per day. We are slowing down. Developing this Free Cash Flow model. Where is the extra oil going to come from . More will have to come from the middle east. Who will control the middle east oil besides the saudis it will be the iranians. You think their production will somehow come back up . No. If you put the 4. 5 million a day in iraq. They are going to control as much oil as saudi arabia. You really believe it will escalate to that level i think it will for that full interviewea hd over to cnbc. Com Worldwide Exchange will be back right after this. Janine Ghostbusters . Of course id love to take an informal poll. I used to be a little cranky. Dealing with our finances really haunted me. Thankfully, i got quickbooks, and a live bookkeepers helping customize it for our business. live bookkeeper youre all set up janine great hey you got the burnt marshmallow out delivery man he slimed me. janine tissue . vo get set up right with a live bookkeeper with intuit quickbooks. The easy way to a happier business. Stocks looks posed to bounce back to record territory what carlos ghosn is saying about his escape from japan and new details emerging about that deadly crash in tehran and what may have happened before impact. The second half of Worldwide Exchange starts right now welcome back. Here is how stock futures are looking half way through the 5 00 a. M. Eastern time hour. We want to bring your attention to one area of recent outperformance take a look at what is happening with the financials. The s p 500 Financial Sector the recent run of the markets has been matched by the recent run in financials. You can see about equal performance over the past 12 months remember financials have been an underperforming sector take a look at what is driving financials the names that you know. The biggest banks out there. We are talking citi up 41 bank of america up 35 Jp Morgan Chase up 36 and goldman sach as well the large money center and investment centered banks. Financial trade certainly one to watch in what is happening right now. Looking at some of the top stories we are following today Frank Holland is back. We begin with tesla news. Shares continue to run as the stock approaches the 500 mark the Company Getting a fresh boost yesterday following optimistic commentary saying the stock could hit 556 per year. Stock hasdoubled in the past three months teslas market cap of 88. 7 billion exceeds General Motors and ford combined but gm and ford both have large debt loads. More tesla news, the federal government says it is sending a team to indiana to develop gate a deadly crash involving a tesla model 3. That is the second to be invest gated by the ntsb in the past two weeks. Occidental petroleum bringing widespread layoffs in the afternoon of the 38 billion acquisition last year. Twitter will begin testing new fe