Good morning, welcome to Worldwide Exchange on a monday on cnbc. Im sara eisen. Im wilfred frost. Well bring you up to speed on what the markets are doing right now. Last week we ended half a percent to 1 down for the three major averages. Those declines really coming on friday for the rest of the week looking pretty much flat. Today were looking at a slightly positive open but not too significant. The dow falls higher by 24 points. The s p by 3. 4. And the nasdaq by 7 points. The tenyear note as we know in and around 7. 5 the last couple of weeks. And its towards the 1. 7 level right now. 1. 714. As for the Global Market picture, traders shrugging off Economic Data out of china. We got chinese investment, factory output and retail sales. All of them grew slightly more than expected, slightly less than expected in april. But we managed to see gains. The shanghai composite up a tenth of a percent. In hong kong, similar gains. And in japan the nikkei was up sharply earlier in the session. The weaker japanese yen, some talk of fiscal stimulus there but it sort of sold off into the close and managed to close higher by a third of 1 . The point to add with china is that the steady firm data the last couple of weeks has been a little softer. Something to keep it on. Yes, shanghai is up. Over the market the shanghai market is down 8 . Something to keep an eye on today. But steadily get iting lower there. The german dax is down 1 . In france down three quarters a percent despite oil higher. The dax is closed with the spanish market down 1 . Europe not following suit. Thankfully, the u. S. Futures are bucking the european trade. A mixed performance for the dollar today, nothing too significant. The euro is up about. 10 . The yen is down. 10 . And the pound is basically flat, 1. 4353. Well look at gold prices quickly, also gold currently in the green today up. 80 . Oil is the big story right now with prices rising. Longtime bear Goldman Sachs now says the market has ended almost two years of oversupply and has flipped into a deficit earlier than they thought. The firm says this follows the slight disruptions from nigeria, venezue venezuela, the United States and china. They are now expecting 50 a barrel in the second half. Earlier that number was at 45. So its not exactly a super bullish call, but the goldman calls have been nuanceed in the last few months. They were expecting supply and demand to rebalance but that is happening sooner than expected. The demand side of the equation is something we continue to focus on for the big reason we just said, in china, data is a little softer. Asia, we have not seen a big pickup in growth. So we really see the demand side holding through for the rest of the year . Gdp growth, around the world, everyone apart from germany is slightly cutting the forecast. The uk included. In india and china, in particular, that could sort of carry us through. A lot depends on the u. S. Economy as well. Were getting such mixed signals. Better retail sales and sort of weaker gdp numbers. Either way, i think the resilience in oil prices over the last month we should say, that lots of factors are moving from supply to demand to middle east to asia to the u. S. To the dollar factors, the financial factors, either way its been resilient. Another good week last week for oil. Another good start to the day. We are closer to 50 now. And with the stronger dollar last week, too. Lets talk more about the dollar. In that regard, San Francisco fed president John Williams says the u. S. Economic outlook is in his words, quote, definitely looking good. They are suggesting two to three rate increases this year. And the next policy meeting is june 14 and june 15. So he doesnt represent everyones views at the moment. The housing sector will see the National Association of Home Builders put out their numbers today, Housing Starts and Industrial Production as well today. On up wednesday, minutes from the last fed meeting. Of course, always parsed for any indications on how they view the risk facing the u. S. Economy. Thursday its the philly fed survey and on friday look for existing home sales. As far as earnings, the retail theme continues after a painful week last week. Here are the retailers this week including home depot, lowes, target, walmart on thursday. Well also get numbers from cisco and salesforce. Com. Interesting ones with target and walmart reporting this week after pain across the Department Stores. Will they fall into that basket . Or they are both implementing pretty aggressive turnarounds led by their ceos. Its a debate between the discretionary consumer and the more staples area. On top of the retail sales themselves on friday, were better. So is sentiment. Does that play into the walmart stock like macys . Very confusing the retail sales on friday compared to earnings. The consumer is healthier than the Department Store earnings would suggest. And the consumers are spending their money on places outside of apparel and accessories, a big change from the last few years. Consumers spend on electronics now and on cars and sports apparel. It is different. And you think a stock like walmart would benefit from that yet walmart included with all the Retail Stocks suffered last week. So perhaps this could be a catalyst to see a bounceback in certain stocks. Maybe well see differentiation on the retailers. Quicken loans found that dan gilbert is building the yahoo internet assets. Berkshire hathaway could provide financing up 1. 7 this morning, yahoo . Digital retail will replace Time Warner Cable in the s p 500 after the close of trading tomorrow. This comes as Charter Communications acquires time warner in a deal that is expected to be completed around the same time. Digital realty is up 3. 4 . Verizon and Union Officials represent 40,000 Striking Verizon workers to return to the bargaining table. The Development Comes after labor secretary thomas perez met with both sides in washington yesterday. And more news for you this morning, the telegraph is reporting that google could face a record antitrust fine of 3. 4 billion from the European Commission in the coming weeks. Google as you know has been accused by the eu of breaking the laws by unfairly dominating the search market. So far no fines have been leveed so this could be a big deal. Some are looking for as much as 6 billion. The 3. 4 billion may not seem that big but it will be a record. Amazon will launch a new line of private labeled brands in the next few weeks of household brands and foods to include happy belly and mama bear according to the wall street journal. Amazon is diving deeper into apparel. And shell is looking into a spinoff of the noncore assets according to reports. This as the oil giant deals with the huge debt pile following their merger. And toyota plans to take legal action volkswagen is looking to be sued from norway east wealth fund. This triggered the recall of 11 million cars. There are several cases against vw brought by the u. S. , germany and the netherlands. The most recent case stems from vw saying the devices that helped these vehicles cheat were of rogue employees. And the chief Investment Officer says that management should have known. As an investor, it is their responsibility to safeguard the funds holding. The lawsuit is expected to be file maryland the coming week. Back over to you. Landon dowdy, thank you. In other news, south korea is fining nissan for manipulating emissions tests. They will continue to work with the south korean authority. Still to come, apples ceo tim cook arrives in china. Hes already visited one of his companys stores there and taken in a ride on a didi car. A live report from that is coming up. First on this day in history, 1951, the first regularly scheduled transatlantic flights between new york and heathrow in london began. Today there are 45 airports in north america with routes to europe and more than 40 million seats were offered in transatlantic flights this year. Thank goodness, so wilfred can go home like last weekend. Absolutely. Were back in a couple minutes. Dont go anywhere. singing you wouldnt haul a load without checking your clearance. So why would you invest without checking brokercheck . Check your broker with brokercheck. Wearing powerful sunscreen . Yes neutrogena® ultra sheer. Unbeatable protection helps prevent early skin aging and skin cancer with a clean feel. The best for your skin. Ultra sheer®. Neutrogena®. Good morning to you. Welcome back to Worldwide Exchange. We have asia up, europe down. Thankfully u. S. Futures are up. We were down half a percent last week, depending which of the three indices you look at. All of them are pointing higher, but only by about. 20 . The dow is higher by 15 points at this hour. Oil is having an impact on markets once again. Another strong week last week for oil prices. And we opened strongly today. Goldman sachs put out a slightly more bullish tone this morning to help sentiment. Wti, 47 on the nose, up 1. 8 . Apples ceo tim cook is in china today. Eunice yu is live with a look at the visit. This comes after the big billdollar investment in the ride sharing company. Good morning. Reporter yes, definitely. Tim cook was in downtown beijing at the biggest apple store there and accompanied by the president of didi who is the ride hailing app company in which apple just invested a billion dollars. And to underscore the importance of this new relationship, tim cook as well as the president were both in a didi taxi and he was posting pictures of the event on his account. He was holding a roundtable with app developers, one was the founder of another Important Company here, chinas version of groupon, and tim cook was just talking a lot about how important the app economy is to apple. And he was also discussing the governments role in how important its been in developing the internet. Now tim cooks visit was widely expected because of the fact that apple has been facing a lot of challenges as of late. The slowing economy, also the slowing handset market and the competition in the smartphone industry. The company is also facing a crackdown on some of its services, itunes from the regulators, and theres an expectation tim cook can work out some of the problems its facing with government officials. In fact, the Chinese Media have been reporting that he is expected on this trip to meet with several highlevel government officials as well as internet companies. Guys . Eunice, listening to squawk boxs debate on this earlier today in europe, one analyst said apple will have longterm success in china if they partner with various local players as opposed to something else, can we expect more investments like the one they made late last week . Well, thats what the speculation has been. And that is just that its so important for apple to have several local partners. And to be able to really show the government that they are contributing to what is very important to the Chinese Government, and that is called Internet Plus where china becomes a technology leader. And so they have invested now 1 billion into didi chuxing, as we talked about last week, is not a governmentowned company. But it is statebacked. And the Chinese Sovereign Wealth Fund does invest in this company. So it is seen as a local competitor. It is not necessarily in apples interest to invest in, say, uber over here. So that is the image that apple might want to be presenting in order to try to smooth things over and continue to expand here and to continue to show the government that it is playing ball. It really seems like tim cook is chartering a new course when it comes to relations with china. Clearly every u. S. Company wants to be there and it is very important. Eunice, is there a model or formula for appeasing the Chinese Government enough to work freely to sell their products . Well, i think its really difficult because i think the whole model is being reinvented constantly. Because in the past Foreign Companies would tell you that they felt very welcomed here. And that Foreign Technology and Foreign Companies generally were welcomed here. But now they are feeling less welcome. And if you talk to people from the American Chamber of commerce, they will tell you this. That one of the problems they face is there is all this regulatory uncertainty. So they are not feeling as welcome. So a company like apple now as well as a lot of other consumeroriented companies are hoping to be able to expand in china because china is such an important market. For apple its the second biggest market for them. And they want to expand but they also have to really walk a very fine line where they want to make sure that the government is welcoming the type of business that they are bringing and that they are not necessarily doing anything that would be seen by the beijing government as reaching some sort of National Security or doing anything else that wouldnt be within the governments interest. Very tricky when it comes to electronic companies. Thank you. Eunice yoon reporting live in beijing for us. When we come back, donald trump weighs into the Brexit Debate. Well tell you what he says next. Heading into break, heres the National Forecast from the weather channels jen carfagno. Sara and wilfred, the chill continues today, really across the country. Theres a lot of below average temperatures. Blustery conditions in the northeast. Still running a few degrees below average, though, but not as bad as over the weekend. Today well have thunderstorms returning to texas across portions of oklahoma. Could see Severe Weather with big hail, damaging winds, tornado risk as well. Across western oklahoma, up here in the panhandle, plus heavy rain will be a concern all week. We are starting this monday with rescues in cars in corpus christie, texas. Inches of rain that is still yet to come here across the Lone Star State for the week ahead. Plus, there will be a lot of rainy spots this week with rain in the forecast today right here from kansas into missouri. That will keep spreading. That will also keep temperatures down with the clouds and the rain sticking around. Thats your coasttocoast forecast. Im meteorologist jen carfagno for the weather channel. Worldwide exchange continues after this. Welcome back. In political News Donald Trump is weighing into the u. K. s Brexit Debate and slamming them as a disaster for immigration. In an interview with piers morgan, he calls the eu democratic and difficult for business. So will it impact trade between the u. S. And the uk in a Trump Administration . Heres what the candidate had to say. I dont think they will be hurt at all. They have to make their own deal. Britains been a great allie. Would they be in front of the q . Britain has been such a great allie they went into things like they shouldnt have, for example, going into iraq, okay. With me, they will always be treated fantastically well. Would we be front of the q . I dont want to say front. I want to treat everybody fairly. But it wouldnt make a difference to me whether they were in the eu or not. And trump also attacked londons mayor who warned trumps ignorant viewing on religion would be less safe if he becomes relimb. Trump challenged sadiq khan. I wonder if this is a sign of frictions to come if you had a trump presidency. Would we see him clashing with various World Leaders . On the other side, we have talked about how Hillary Clinton would want to distance herself from, for example, certain endorsements. I think we would rather go with them backing trump. Do you think it makes a difference . I dont think know. But you will see them celebrating with a trump endorsement. It is a clear opposing view to obama. Bank of englands governor mark carney is denying he overstepped his bounds in the banks independence by warning of the shortterm costs of leaving the eu. Last week the bank of england said that britain risks lower growth, higher inflation and recession if voters do back a brexit in next months referendum. This prompted all sorts of criticism the bank is biassed and is destabilizing markets. In an interview he shot back saying it would be failing the public if he didnt raise red flags in advance. What were doing is were identifying risks around leave and were taking steps as an institution to mitigate the risks. Now this is interesting as well because one person who i do think does have an influence and there was a recent poll that suggested of independent people, mark carney is high up on the list, so whatever your view is to whether hes slightly opinionated or not, people do listen to his opinion. Its not like hes weighing in on a president ial election. This is a fundamental election with costs. Therefore, for him not to raise a risk as he does all other global risks that would affect the uk economy would not be doing his job. Hes definitely pushing the boundaries. But either way, the other person on a similar poll who people will voice their opinion on, we would like to hear from her majesty, but she will stay out. President obama took a couple swipes at donald trump during a commencement speech yesterday without mentioning the president ial hopeful by name. Suggesting we can build an endless wall along our borders and blame our challenges on immigrants, that doesnt just run counter to our history as the worlds melting pot, it contradicts the evidence that our growth and our innovation and our dynamism h