Dollar exit package. Ford cant get its china strategy just right. With you one billionaire turned space cowboy could be looking for love in all the wrong places Worldwide Exchange begins right now. Good morning and welcome to the show im dominic chu in for Brian Sullivan here is how stock futures are looking to kick off the trading week what a week it will be as earnings week kicks off in earnest tomorrow well see the dow open up by 112 points the s p up by 11 the nasdaq up by 42 points as well this week well hear from jpmorgan chase, wells fargo, citigroup, delta thats just a few of them in terms of earnings reports due out this week as the earning season starts off. According to data, they say Fourth Quarter earnings are expected to be down 0. 6 of 1 which would mark the second straight quarterly decline that has not happened since 20152016. Maybe an earnings recession. Thats what folks are looking for perhaps this time around treasury yields in focus we see a Little Movement in the tenyear tnote, ticking slightly higher. Let us go worldwide. In the asian trade, stocks there hitting new 19month highs china, can you see there, coming just about just about three quarters of a percent to the upside you can see japan was closed for the coming of age day as well. Now, in early european trading, the cac in france up by onethird of 1 . The german dax about onetenth of 1 . Rahel solomon joins us with headlines. Well get to space cowboy later in the show. In the wake of Carlos Ghosns outing, nissan is planning a split from renault they call it war gaming, a total divide of engineering and manufacturing as well as changes to nissans boards despite efforts to improve relations on both sides, the partnership which produces 10 million cars a year has reportedly become toxic. The Trump Administration is planning to permanently halt its civilian Drone Program because the devices are made, at least partly in china. This is also according to the apt. They are halting 1,000 drones after deciding the risk of the drones being used by beijing for spying was just too high sources tell the ft that the interior secretary has not signed an official policy but is planning to pull the fleet from action with exceptions for things like emergencies Like Fighting wildfires and also training. And treasury secretary Steven Mnuchin says boeings 737 max crisis could curb u. S. Gdp in 2020 by half a point. He says that he still expects the economy to grow by roughly 2. 5 mnuchin says there is, quote, no question that the crisis will have an impact as boeing is one of the largest exporters in the u. S. Thank you very much for that update. Back to the markets now. The dow briefly touching the 29,000 mark for the first time on friday before stocks did pull back still the major averages posted gains for the week despite tensions between the u. S. And iran and the jobs report showing slower than expected hiring and wage growth last month lets break it down with cochairman and cio at pal said Capital Management dan, the jobs number was disappointing, but its, perhaps, not unexpected to see a little tempering, at least for the time being does it change the thesis for the bull run in the markets . Not really. And it definitely keeps the Federal Reserve at bay i think theyll keep equity ample in the market right now. Clearly there was a dramatic shift in policy early in 2019. Where we are today, i just think the next move might be down not up if theres any continued weakness in the overall economy. So, if it is if the fed stands ready, then how far could the market actually fall i mean, how much of a pullback would you expect to see before people come right back in and buy dips the way they have for the better part of three, four years now . There are some issues, when you think about boeing, for example, that will temper gdp growth but at some point boeing will get its act together and that will be a major impediment think about in the Fourth Quarter whats happened. We have bilateral trade deals between mexico and canada. We made a trade deal with china, at least a phase one deal. And theres at least now a clear path on brexit all these things are were overhangs on the market right now. Certainly from a psychology standpoint i think the psychology is extremely important here, particularly when you look at Capital Investment because you have all of the ingredients in place for a tech policy thats pro investment and other factors. We focus so much on macro for such a good while because its been the headline driver we now turn towards the micro, because earning seasontics off many investors say earnings is the driver behind the market what do you expect from this earning season we know the consensus is for a drop by more than 0. 5 . The consensus has been overly pessimistic and i assume that would be the same. We dont realize how adaptable corporations are with the environments theyre in because they have to be. In terms of interest rates, were also seeing steepening yield curves not just in the United States, but thats begun to go global, too, as weve seen the german and french yield curve. Im glad you brought that up. The yield curve will be a huge focus for traders and investors because of the Bank Earnings this week. They had a banner year in 2019 does that continue in 2020 for the banks . You have you mentioned valuation. Theres a lot of the valuation support in the banks and the consumer is in extremely good shape the Balance Sheet of the consumer is in extremely good shape. And well see how things go. I anticipate profits will be quite good at banks. All the Money Center Banks should do well. Positive on the banks, thank you for joining us this morning always well, now to the latest on iran where we are seeing massive protests over the downing of that ukrainian passenger jet last week that killed everyone on board demonstrations taking place in tehran and other cities with people condemning the downing of the airplane and the subsequent denial by the government there its a diplomatic crisis for that country as President Trump issue says new warnings to leaders in those countries in twin twitter statements, one in english, another in farsi, trump called on iran not to kill protesters as the usa is watching and in another tweet, telling the demonstrators that the u. S. Stands with them much more on this story all day long right here on cnbc. When we come back on this show, another knock on beijing ahead of this weeks key phase one trade deal signing were live in beijing. Then trouble in deerborn as ford cannot get its International House in order. Later, barrons weighs in to a 2020 recession much more when Worldwide Exchange returns. 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 but in my mind im still 25. 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I was speaking to some folks here in the u. S. Business community as well who said some of their executives have been invited as well to this white house ceremony and some of the industries that would be represented would be in finance, agriculture as well as energy. So, they understand that the text will include purchase targets. There might not be a line by line itemization for example, they say of this amount of money well be purchasing, say, this amount of wheat. But there will be those detailed numbers in the text, im told. Also theres an expectation that wording over trade secret protection is going to be included that is much anticipated as well pledges for finance, energy and Sports Broadcasting openings, which should benefit individual companies. So, the text is expected to be released after the signing its still unclear, though, to many who im talking to here as to exactly how the deal is going to be implemented. For example, theres been a lot of talk, like i said, here about how those purchase numbers would be included, but that the purchases dont only, for example, include agriculture but would also include manufacturing. So, will the chinese actually be able to make good on those promises when the economy here is slowing down . Dom . So, lets take our attention now towards whats happening across the taiwan straits there. There was a big election this past weekend and it was a very large victory for president tsai ingwen. Shes the one whos become a little proautonomy for taiwan were not saying independence, but this is a big deal when it comes to it the taiwan china relations. Take us through what this election victory means for the incumbent president there. Well, for the incumbent president , as you said, shes seen as antichina she has been riding on that platform at one point people didnt think she was going to be able to win until what we saw happening in hong kong. A lot of people in taiwan had looked at whats going on in hong kong, felt that beijing had interfered too much in hong kongs affairs and this has been a model that beijing has been touting as one that could also apply for taiwan since one of the main goals of beijing has been to reunite taiwan under a similar framework as hong kong so, tsai ingwen is now, you know, the winner, very clearly, for the island in terms of what this all means for the u. S. , there is an expectation now that beijing is going to become much more tough in its approach towards taiwan as well as in hong kong. That was reflected in the commentary that we had over the weekend when state media described taiwans leader, tsais victory as a fluke and also blamed the taiwan vote on antichina political voerss in the west, and specifically called out the United States dom . A very complex situation there, especially with u. S. Ties to taiwan as well. 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Find out which customized plan can make losing weight easier for you myww join today with the ww triple play welcome back lets get a check of the stocks on the move this morning we have ford those sales in china fell for the Third Straight year in 2019 dropping 26 while thats an improvement from the 37 decline we saw in 2018, ford sold less than half the vehicles it did at the peak in 2016 now, the Company Expects chinas auto market to keep shrinking in the year 2020 as well. Ford shares up about a quarter of a percent premarket. Boeing suppliers woodward and hexcel are merging values hexcel at 77 a share they make materials used on that boeing 737 max jet, among others woodward gets about 15 of its sales from boeing as well. No shares, you can see, moving in the premarket. Saudi aramco has netted 3. 8 billion from its record ipo. The company that went public in riyadh, saudi arabia, last month used the green shoe option to sell more shares to meet investor demand. Aramco shares are 1 below where they traded on the first day of that ipo again, just unchanged in saudi trading. Still to come on the show, were live at a major energy and Technology Conference in the middle east where our own hadley gamble sat down with Saudi Arabias Energy minister, the ceo of exxonmobil and many more. Some Key Takeaways from that big conference coming up this is the age of expression. Everyone has something to say. But in a world full of talking, shouldnt somebody be listening . So. Lets talk. We are edward jones. With one Financial Advisor per office, were built for hearing whats important to you. One to one. Edward jones. Its time for investing to feel individual. Welcome back to Worldwide Exchange. Im Francis Rivera with your news headline. The Trump Administration is reportedly planning to start denuclearization talks with north korea. The administration has reached out to the North Koreans after talks stalled out in october. Millions of americans face a dangerous weekend of severe weather. At least 11 people were killed as a rare january tornadoes raced across the southeast they reeked havoc from texas to South Carolina video from arkansas shows entire homes reduced to rubble. A high school in South Carolina took a direct hit from an ef2, winds reaching 130 miles an hour. Fortunately, everyone there is okay its a showdown as the royal family prepares for an unprecedented summit the queen has called for a family meeting after prince harry announced he and wife Meghan Markle plan to step down as members of the royal family this would only be the second time a am eb of the royal family has stepped down voluntarily if you only knew what they were talking about. High tensions in that room, dom. I mean, this is literally palace intrigue. Have you been following this i mean, i want to know how much the queen really, really doesnt like or likes whatever is going on right now wouldnt you love to know every step usually the other stuff, i can pass on it, but this, every step of the way, we were talking about it, season 20 of the crown in the making i havent watched, my wife is a big fan but i might have to watch all what netflix stuff Francis Rivera, thanks for that update. When we come back on the show what is it you want, mary what do you want you want the moon . Just say the word and ill throw a lasso around it and pull it down hey, thats a pretty good idea ill give you the moon, mary ill take it. Well, how one billionaire is looking to make that famous line a reality with a little help from spacex when Worldwide Exchange returns after this high protein low sugar tastes great high protein low sugar so good high protein low sugar mmmm, birthday cake and try pure protein delicious protein shakes but how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Wall street back on record watch as trade and earnings command investor attention this week. The saudi speak out over oil. Iran and President Trump a live report from the region with our own hadley gamble thats coming up then a changing of the guard at two u. S. Major companies and the fallout wall street can expect as the second hour of Worldwide Exchange begins right now. Call me the working man i guess thats what i am welcome back to Worldwide Exchange. Im dominic chu in for Brian Sullivan