Im sara eisen along with dom chu. Great to be here. Happy friday to you guys. Happy early holiday weekend. Lets check in on the global markets. We say our first backtoback losses for the dow since the election after another close lower yesterday. Dow futures turning around this morning. Up 9. It would take 80 points now to get to dow 20,000 . Weve moved further away. But good little santa claus rally could do the trick. S p 500 futures are up 2. 5. Nasdaq futures are up less than 1 point in early trade. As for the tenyear treasury note yield, sort of hovering around unchanged for the last week or so. The last four, five days. 2. 54 on the tenyear note yield. Some buying this morning. Yields backing off that 2. 55 level. Still close to their highs recently. Absolutely. If you look at that picture, well go from there to the other side of the atlantic, european equities still in focus now given whats happened with the Banking Sector specifically in italy and other big bank settlements. If you look at the german dax, up by 0. 1 . The cac in france up by that much as well. Ftse 100 in the uk off you were up all night i by 0. 1 . In italy, up by almost a full percent. Spains ibex 35 up bay half percent. In asia, japan was closed today for a public holiday. You can see there that no trading. The emperors birthday. Japan, if you look at the hang seng and hong kong, off by a quarter of a percent. The shanghai composite off bay full percent. European banks are the story. As for the broader markets, we are seeing oil prices, they rose yesterday. They turned around after that surprise build in crude inventories after comments on the wires in iraq saying theyll go through with the planned cut in production. Thats backing off this morning. Wti down a half percent. 52. 64. Brent, International Benchmark for oil prices, 54. 76, down a half percent as well. As for the action in the currency markets, the dollar back stronger yesterday. Near its highest level. Now were talking back to 2003 against the euro. Euro firm their morning. Dollar yen little changed, 117. 32. The pound under pressure. So weve had this this morning and yesterday where the dollar was weakening and turned around after better economic data. Durable goods, gdp, mixed picture. Personal income and spending didnt do much. Overall a story of a strong dollar this week, this year, fourth year in a row we have seen the dollar strengthen. Talking about the dollar index. As a result gold has been on the back foot lately. A bit stronger this morning. Up 2 bucks. Look at the decline of gold. Strong dollar plays into that story. Risk aversion coming off the table, and gold emerging markets, all of these strong dollar opposite type plays. Yes. Getting hurt. Bitcoin, not so much. Shooting up. Developing story now to update you on overseas. Reuters reporting a man believed to be the suspect in the berlin Christmas Market truck attack was killed in a shootout in a suburb of milan, italy today. Thats been conflicting reports on the whereabouts of the 24yearold tunisian man. We will update you as we learn more information. Wanted to bring you that key headline. To the top corporate stories, Deutsche Bank agreeing to a 7. 2 billion settlement with the Justice Department over its sale of toxic mortgages in the run up to the financial crisis. The tentative deal offers some relief to the bank. Its stock was hit hard in september after it acknowledged the doj was seeking a 14 billion penalty. Deutsche bank will pay a civil fine of 3. 1 billion and provide 4 billion in terms of consumer relief. The pa Deutsche Bank notes there is no assurance of a final agreement. A lot less than the 14 billion originally reported in the settlement, thats half at 7. 2, but higher than what was rumored. 5 or 4 maybe . Deutsche bank was in crisis mode and all sorts of rumors they would get it down to 4 or 5. I guess the upshot is they dont have to raise capital as a result of this fine . Yes, and if you dont have to go about more of this pain process of not knowing what will happen in the future, for many of these big European Banks it puts a big chapter behind them. Deutsche bank shares have come back very far from where they were when they were tanking when this was originally released. Only down by 20 this year. Names like Credit Suisse are down. Also settling a probe for 5. 3 billion. That bank says the deal includes a 2. 5 billion penalty from the Justice Department and 2. 8 billion payment in consumer relief to be paid over the next five years. Credit suisse says it will take a 2 billion charge in the fourth quarter. Shares not reacting as positively there. Down a percent versus Deutsche Bank which is getting nice relief. Historic lows for both of those stocks during the depths of this. Another bank, barclays is responding to the Justice Department suing the company and two former executives for fraud over the sale of toxic mortgages before the financial crisis. The bank says the u. S. Governments claims are not consistent with the facts and it will defend itself against the unreasonable allegations and demands. Barclays wont say why settlement talks with the doj broke down but reports say the bank believes continuing negotiations under a new u. S. Administration may be more beneficial. Certainly a theme for corporations, talking about this idea that they could look to get favorable or more favorable environments in a possible Trump Administration. A Justice Department under jeff session also have to take up this 200page lawsuit from the u. S. Suing barclays. I wonder, though, yes, it is considered a much more favorable environment for banks, the Trump Administration. But this is still a European Bank having to settle with the u. S. Trump has talked about u. S. First. And these were americans adversely affected to a large degree by some of the alleged misdeeds from some of these mortgage situations. Thats a to be continued on barclays. More news on italian banks and European Banks. Italy will be bailing out monte dei paschi after the countrys Third Largest bank failed to raise enough capital on its own to stay afloat. The government passing a degree earlier this morning approving a 20 billion euro fund to prop up the Banking Sector with bmps the most vulnerable. Monte dei paschi says it will apply to tap the fund. This is the banks third bailout since 2011. Shares suspended now on the milan stock exchange. The latest saga for the italian bank. It has come to represent the problems in italian banks. Its not a complete bailout. There will be losses taken by junior bondholders because of european rules. They cant put it all on the taxpayer. In the u. S. We had our own moral issues, the divide about whether we should have bailed out our own banks. Kn in italy its a bigger deal. Well watch that for sure. Turning to politics, donald trump once again tweeting about Lockheed Martin and boeing. The president elect says what he calls the tremendous cost and cost overruns of Lockheed Martins f35 joint Strike Fighter program led him to ask boeing to price out a comparable f18 super hornet jet. Lockheed martin shares dropping in the afterhours trading session on that news, off by 2 . Boeing shares did edge slightly higher in the afterhours statement. Up by 0. 2 . Boeing says it has committed to working with the president elect and his administration to provide the best capability, deliverability and affordability across all boeing products and services to meet our National Security needs. This is the next chapter of negotiation from lockheed from president elect trump. I dont know much about these programs, but i have read and according to defense expert the cited in the papers, the boeing f15 would need significant upgrades to match what is happening with the lockheed program. Yeah. That f18 has been a staple of our armed forces for a number of years now. The f35 is viewed as the next generation with a lot of capabilities that the f18 doesnt have. You wonder how realistic that threat is to go back to boeing and the f18. I dont know this is a new strategy for traders. Do you buy the trump tweet dip. Its worked so far. Or be glued to it. In other political news, president elect trump stunning Nuclear Experts yesterday calling for more u. S. Nuclear weapons. Tweeting yesterday afternoon the u. S. Must greatly strengthen and expand Nuclear Capability until such time as the world comes to its senses regarding nukes. The tweet came hours after russian president Vladimir Putin called on his country to boost nuclear power. Trump spent part of yesterday meeting with top pentagon officials and defense contractors. Everyone is trying to make sense of thee comments what it means, whether it should make them nervous or what. The reaction on social media in the immediate wake of that tweet was very, very passionate, i would say, on both sides of the equation. Again, with trump, we in the news media, weve come to this realization that perhaps everything is a negotiation. Well have to tear up the egypt every single day. We dont know what well get. You dont know what kind of position hes jockeying for in this kind of tweet. The day ahead on wall street a pair economic reports today. The final trading session before the holiday weekend. November new home sales and december Consumer Sentiment out at 10 00 a. M. Eastern time. Sales are expected to have rebounded last month for new homes after dropping nearly 2 in october. Stocks to watch today. Alden global discloses a 25 stake in freds, making it the largest shareholder in that discount retailer. Alden said the stock is undervalued. Cinsat Second Quarter profit rising. Revenue in line. The uniformmaker expects fullyear results to come in around estimates. Calmaine posts Second Quarter losses. Results reflected Challenging Market in the egg industry and it saw lower demand in the Second Quarter as prices spiked. More stocks to watch. Business insider reports a bug in a recent version of twitters android app inflated video advertising metrics by as much as 35 . The company let customers know about the issue this week and issued refunds. Synergy Pharmaceuticals Reports positive results from a phase three trial for irritable bowel syndrome. They will prevent further data next year and the drug is under review by the fda. Pfizer completed its purchase of astrazenecas late stage antibiotics business. Pfizer will pay 1. 4 billion over the next few years for the development and marketing rights to those drugs and royalties. Both shares edging up higher. Coming up, a snapshot of the american consumer. Was we should expect from shoppers and the company who provide them staple products. My 2017 predict sluns when we come back. Stay tuned, youre watching Worldwide Exchange. Ions when e back. Stay tuned, youre watching Worldwide Exchange. Your path to retirement may not always be clear. But at t. Rowe price, we can help guide your retirement savings. So wherever your Retirement Journey takes you, we can help you reach your goals. Call us or your advisor t. Rowe price. Invest with confidence. Tadirectv now. Stream all your entertainment anywhere anytime can we lose the all. Theres no cbs and we dont have a ton of sports. Anywhere, any. Lets lose the anywhere, anytime too. You cant download onthego, theres no dvr, yada yada yada. Stream some stuff somewhere sometimes you totally nailed that buddy. Simple. Dont let directv now limit your entertainment. Only xfinity gives you more to stream to any screen. The calendar is set to flip over to 2017 soon. Cnbc isdictions for the new year. 2016 was another big year for dealmaking and cost cutting in the Consumer Staples industry as the quest for growth remains elusive. 2017 will be a year that distinguishes the winners and losers in this industry. Hopes of lower corporate taxes from a new Trump Administration and Republican Congress are fueling expectations of big profit boosts. Its a smaller consumer names with sales coming from the United States who pay the highest tax rates, think hershey, pinnacle food, reynolds american. Theyll get the biggest benefit if reform does pass. Big Food Beverage and household productsmakers have struggled for years to connect with the Younger Generation missing key trends like greek yogurt and energy drinks, and buying food and staples online. Add it up, you have an industry thats behind the curve with little to no topline growth forcing companies to beef up margins, cutting costs, raising prices. Lack of growth means youll see more mergers and acquisitions. Also words that 3 g and Warren Buffett are gearing up for their next tieup. Mondelez seen as a leading contender. Food and beveragemakers look for brands that are resonating with younger consumers. If you look at performance of some Consumer Staples companies, it was on a roll in early 2016. Absolutely. Considered everybody wanted campbells soup. Everybody wanted all these Consumer Products companies, because they were things we used all the time and paid these hefty dividend yields. We had super low Interest Rates that kept getting lower. They were defensive. It was a riskoff environment. Look whats happened since. They have sold off, since the election have not participated in the post election rally as much as other sectors. Why . Interest rates have risen. Weve seen not only the fed raise Interest Rates, but treasury yields go up. That makes these dividend pairs less attractive. Theyre not growing. Right. Thats the problem. That lack of top line growth set to continue into next year, which is why i predict more m a, more cost cuts, and more strategies to try to tap into whats actually working and what millenniums are going for. For many of these Consumer Products companies, if you reach that size and scale you are at the mature phase of your growth cycle, which means your dividend payouts, your payout ratio will always be big. Growth is always going to be a troubling spot for these big guys. Absolutely. Well, coming up, the top political stories including two potentially market moving tweets from donald trump. And exclusive access, cnbc cameras taking you inside the president elects boyhood home. Queens. Queens. The place is going back on the market. We have gone inside and well give you a tour. Stay tuned. No matter where you go. You want an experience that feels highly personalized. With watson on the ibm cloud, travel Companies Like wayblazer can apply cognitive analytics to social data to understand what a destination is really like. And who exactly, it will appeal to. Today watson is helping businesses create experiences that revolve around you. Because thats what the ibm cloud is built for. Welcome back to Worldwide Exchange. Good morning. Lets get you up to speed on the market action. Green arrows on the screen for u. S. Futures. Dow futures up 9 points, a bit of strength here. S p futures up 2. Nasdaq futures up flat. We did come off of two backtoback losses for the dow. Have not seen that since november 4th. Putting us about 80 points away from 20,000. That much heralded number we have not yet reached. As for early action there is confidence coming out of European Banks after Deutsche Bank finally announces a settlement, 7. 2 billion with the u. S. Justice department. Thats about half of what was originally reported and what spooked the markets several months ago, 14 billion. As you can see, italy strong this morning, up a percent after another step closer to the worlds oldest bank. Bmps troubled bank getting an italian bailout. German dax flat right now. The ftse 100 in the uk is the underperformer. As for the currency market, the dollars march higher has continued this week. Its pulling back a bit this morning. Euro 104. 51. Dollar yen 117. 55. Fractional moves in currencies looking for direction with the pound also unchanged at 122. 75. Home sales today, and a read on u. S. Consumer confidence. No Earnings Report of note. Absolutely. Lets turn from the markets now to a different side of the politics side of things, this morning most of us associate president elect trump with extreme wealth. But today were taking a sneak peek at his childhood home which shows that he actually came from more humble beginnings. Heres robert frank. Reporter just 13 miles from president elect Donald Trumps lavish 5th avenue apartment is this queens, new york home where he lived until he was 4 years old. This is the address listed on Donald Trumps birth certificate. Reporter the modest tutor on a quiet street hits the Auction Block and is expected to bring in millions. The home originally went on the market for 1. 6 million in july. Some speculated the house is worth 3 to 10 times worth the original price now that hes president elect. The 2500 square foot home was built by trumps father in 1940. It still includes m