Right now. Good morning. Welcome to Worldwide Exchange. Im sara eisen with dom chu in for wilfred frost today. Good morning. Good morning. Busy already. Already, yes. Monitoring the wires from the uk. Well get you there in a moment. A check on Global Markets after another selloff for wall street. Not so sharp. Not as sharp as session lows. Those stocks look set to bounce back. Dow futures higher by about 16 points. S p is up 2. Nasdaq futures up less than 5 points. The tenyear treasury note yield, saw that yield decline by 7 basis points or so. Bouncing become a bit this morning. 2. 41 is the yield on the tenyear. First we wanted to get you that breaking news out of europe. The Supreme Court in the uk ruling against the government in a key brexit decision. The vote means that Prime Minister may must get parliaments approval in order to trigger brexit. As for the reaction in the british pound against the dollar. Lets show you whats happening you now. It was lower before. Its lower still by about 0. 4 . A little twofer in here. Was 1. 2505 before the Supreme Court ruling. It got as high as 1. 2532. It got as low as 1. 2436. Were starting to recover some of those losses. Yeah. Its been an interesting trade. Volatilitywise just in the 10, 15 minutes. Nancy hungerford is at parliament square. What does the decision mean in terms of the time frame and looklihood of a brexit . The uk government remains n confident they can move ahead with their timetable to move ahead with article 50 by the end of march. The decision we heard just moments ago at the Supreme Court behind me upholding a previous ruling that now the government has to get approval in parliament, that may delay the process, but as long as they can get a bill swiftly approved by both houses, Authorities Say they should still hit that time frame for the end of march to begin the discussions. We expect the uk secretary of state, david davis, to head to Parliament Later this afternoon, straight across from the square where we are standing now. He will begin talks straight away on what a bill will look like in order to give the Government Authority to start those brexit talks. Yes, symbolically it is a defeat for theresa may and her government but overall not expected to change the course of leaving the european union. No matter the decision behind me, brexit means brexit for now. Back to you. Nancy, one quick question for viewers in the United States reading so much about this. There had been chatter, talk about the idea that perhaps scotland or Northern Ireland may need to be consulted with regard to leaving the european union. Some of them favored staying there. The Supreme Court ruled on that front as well. Correct . Yes. That decision was critical. That one going in favor of the government because they said they will not have to consult the devolved parliaments in scotland, ireland and wales. They want rights to stay within the Single Market that could have added a complication for the government. Already considering that Northern Ireland is awaiting elections, this is really seen as clearing a hurdle for the uk government. All in all you could say its what the investors and traders expected on the your all upholding of the previous ruling, and a bit of good news when you talk about not having to consult with the other devolved parliaments. Back to you. End of march for triggering article 50, is that still the plan . Two years from then, that is when well see a brexit . Early 2019 . That is the hope of the government. I spoke to a legal expert a bit earlier on before this decision. He said the government should still be able to hit that deadline by the end of march. Once you trigger article 50 you have two years for negotiations in order for a deal to be reached. That is approved both here in the uk, because, remember, the Prime Minister has also promised to give parliament a vote on the final deal and a deal approved in europe as well. But the Prime Minister has said if they do not like the deal, they are exiting no matter what. Back to you. Nancy hungerford, thank you very much. Live for us this morning outside in london. Well stick on the other side of the atlantic. Breaking Economic Data out of europe. Eurozone flash composite pmi dipping only slightly from decembers fiveyear high to 54. 3. Thats just shy of forecasts. European equities, at least a bit of a positive picture. The german dax up by a quarter of a percentment sa mepercent. Sam with the cac in france. The ftse 100 also up about a quarter of a percent. The ftse mib also up. Markets closing in asia, a mixed picture again. The nikkei in japan off by a half percent. The yen playing a part in that story. The shanghai composite up by a quarter of a percent. The hang seng up a quarter of a percent as well. Lets show you whats happening with oil after a decline yesterday. Coming back again this morning. Up a percent across the board. Wti, 53. 28. Brent is hovering below 56 a barrel. Even nat gas is joining the party. As for the u. S. Dollar, its bouncing back after selloff yesterday and after several sessions of declines. Dollar a half percent stronger against the japanese yen. This dollar trade seems to be a leader, especially at this time in the morning, 5 00 a. M. , 6 00. It was weak yesterday at this time. We saw stocks follow through. That dollar stocks correlation very much intact. Well be talking more about this later on in the show. The idea that Interest Rates across the world are playing a huge part in that story. That dollar trade always a focus, especially given president President Trumps rhetoric on trade. Its been all about trade for the last the first day versus maybe some of the trump rally bulls were hoping more stimulus. Well talk to kit jukes in a moment. Gold giving become 0. 3 this morning. To the politics front, President Trump will have breakfast with the chief executives of general motors, ford and Fiat Chrysler as he continues his efforts to get American Automakers to boost u. S. Employment. This will be the first time the ceos of the big three automakers will meet jointly with a u. S. President since 2011. A big day for the automakers. A big part of the white house agenda in the first 100 days, the first day, actually, countries responding overnight to President Trumps decision to withdraw from the transpacific partnership, the tpp deal. Australia and new zealand, who are part of that deal say they are hopeful of pressing ahead with the agreement despite americas formal withdrawal. Members of the uaw around the country have long rallied against the deeply flawed corporate driven tpp that puts quarterly profits before worker paychecks. This was expected. Hes not the only clinton, sanders, trump all rallied against it. He promised he would withdraw on day one. He lived up to his promise. Still it is a moment for those that were backing it including many republicans. I put john mccain in there. He tweeted that could be worrisome as it leaves china to step in and fill the void. What are the geopolitical implications of that. For the first move, it was a signal that trump would live up to his promises, trade and protectionism chief among them. The issue for lawmakers is that the people who step into the void right there as america steps away could be the ones gaining relative influence throughout the region and throughout the world. Were referring to china. As we watch this thing play out, its no surprise that the uaw and just about every other union in america was for the withdrawal of tpp and looking at nafta to see whether or not they could negotiate terms. On the flip side, if they can get these sorts of if they can go for oneonone trade dea deals, as the administration is promising, more fair terms, they just have to move quickly to do that. They say theyre not against trade. They just want it more fair. Of course. Well see what happens also today on the washington agenda. Committee votes scheduled for the nominations of ben carson as secretary of housing and urban development. Tom price will face his second day of hearings. There are also hearings scheduled for Linda Mcmahon and the nominee for director of office of the manment and budget, Nick Mulvaney. Two of the longest confirmation hearings so far have been for price and for mnuchin. Speak of mnuchin, key comments from trumps treasury secretary pick on combating currency manipulation. He said an excessively strong dollar could have impacts on the u. S. Economy. He also accused the imf of not doing enough on currency manipulation. He did not give an answer on whether china is manipulating the yuan. I think it really its sort of still jives with the treasurys position, which he reiterated during that hearing, its in the best interest ultimately to have a strong u. S. Dollar, Strong Economy but shortterm these moves can be overdone. Decades its been the strong dollar policy. Jeff gundlach is predicting a weaker dollar and more demain for inflation protected securities now that President Trump doubled down on his stance of trade and securing jobs in america. He says weaker dollar adds to inflationary pressures and will make u. S. Exports more attractive to foreign markets as other currencies remain strong. This has been a point of contention for quite some time the idea that people at some point or still do use their couldn currency as a way to jockey for trade positioning. Well see the ultimate reaction of the dollar. Last night the u. S. Senate confirmed mike pompeo to run the Central Intelligence agency marking President Trumps third appointment nomination. That vote coming in 6632 with one republican in opposition of the appointment. That would be senator rand paul. Pompeo was sworn in just after 9 00 p. M. Eastern time. Rex tillerson winning approval from the Senate ForeignRelations Committee to become secretary of state. The move paves away for his confirmation of the senate body. He won with a vote of 1110 after senator marco rubio announced he would reluctantly support tillerson. President trump named a new chairman of the fcc. Pai is a republican, and has been a commissioner at the agency since 2012. He is expected to roll back Net Neutrality laws. He is known for being pro merger. Last month he said he wanted to take a weed whacker to current fcc rules. Pai previously worked at the Justice Department and verizon. Now the white house says President Trump will announce a Supreme Court nominee in the next few weeks. At his news briefing yesterday, sean spicer said the president continues to make that a priority. Trump plans to pick among 20 candidates suggested to fill the vacancy. President trump has resigned officially from his Namesake Company and more than 400 affiliated entities. A statement from the Trump Organization said the president transferred title and management of the authority to those of his sons, don and eric. A Resignation Letter signed by trump dated january 19th. This looks to be out there and finalized. Now to the top corporate stories. Yahoo reporting better than expected results on the top and bottom line. It says the sale of its core Internet Business to verizon should be completed by the Second Quarter. The deal was supposed to close originally in the First Quarter but delayed because of two huge data breaches over at yahoo barclays is turning cautious on apple downgrading the iphonemaker. In a note sent out this morning, apple is being cut to equal weight from overweight seeing no meaningful rebound in growth in 2017. He said longterm froth opportunities like india, services in the cloud are unlikely to be major needle movers. Apple is expected to report First Quarter earnings on january 31st. Barclays says the downgrade is not a call on the quarter which runs counter to some narratives on apple, tenyear iphone. Perhaps a redesign. Apple is one of those Consumer Companies like nike that could get caught in the cross hairs of trade tensions with china. Speaking of corporate stories, earnings will be front and center today. There are five dow components reporting results before the opening bell. 3m, dupont, Johnson Johnson, verizon. Well hear from alibaba, Lockheed Martin as well. After the close, Texas Instruments and alcoa. Also a few economic numbers to watch. The monthly philly fed survey of manufacturing and business conditions, followed by flash manufacturing pmi at 9 45, and existing home sales at 10 00 a. M. When we come back, the stocks to watch. Stay tuned, youre watching Worldwide Exchange. Watching a bit of a bounce in u. S. Equity futures. Well be right back. Jnelolo, it a. Shed citi Group Mortgage units have been fined for the harm the bank did to home borrowers. The bank kept borrowers in the dark about options for foreclosures making it difficult for them to get relief. Some other stocks to watch today. Resmed reporting a Second Quarter fiscal profit of the 76. 6 million. Also posting revenue of more than 530 million. The stock having a nice pop. Mercury systems boeating earnings estimates for q2 earning 5. 2 million up from 5 million this time last year. A federal judge fwragranting fi approval to Volkswagen Settlement to dealers over its diesel emissions scanned the. Each dealer will receive an average of 1. 58 million. Zions bank growth exceearni. Philips electronics turni inini profit of 626 Million Euros compared to a loss of 45 Million Euros this same time last year. Shares down by 2. 8 . S. A. P. Reporting an 18 jump in its Fourth Quarter profits. Raising guidance for 2017 and 2020 driven by expanding cloud business. Samsung out with results earnings more than doubling on record chip profits, despite costly galaxy noted 7 recalls. The company saying it expects Profit Growth in 2017 despite challenges from Political Uncertainty in korea. Shares of European Telecom giant bt group are having their worst day in eight years. The stock sliding double digits. The company cutting earnings and revenue outlook for two years after an accounting scandal at its italian business is bigger than previously thought. Reports say staff in italy kol lewded with suppliers to inflate profits. Shares of easyjet are down sharply. Fuel prices and the weaker pound will weigh on profits this year. Those shares down by 7 pn. 5 . The pound has fallen about 17 since the brexit vote last yune affecting easyjet and other carriers as they buy fuel in dollars. Profits fell 25 last year, the first decline since 2009. Coming up, the uk Supreme Court ruling that the government must get parliamentary approval to trigger that brexit ways. Well talk about the Global Market implications with kit juckes over at societe generale. First, here is the tuesday forecast from jen carfagno. Today happens to be blue tuesday, one of the most depressing days of the year. Its an equation that factors into weather, debt, the fact were so many days past christmas and new years, not keeping resolutions. Weather is a factor. Lets talk weather. This noreaster in the east. It will be a day with interior snow and sleet. Coastal rain, a lot of wind. The south looking good. Temperatures warming up again today. The next weather system bringing snow up into the upper midwest. Some of that getting to minneapolis by the end of the day. Chicago with rain overnight. Temperatures are cooling down behind it. Warm ahead of it before the return of winter coming back to a good chunk of the country. Im meteorologist jen carfagno. Back to you. D. Welcome back to Worldwide Exchange. We are seeing at least some fractional gains, some stability in the markets. Dow futures up by 14 points. S p 500 futures up by 1 point. Nasd nasdaq up by 3 points. As for the dollar, a huge move in currencies. Euro is 1. 0735. Dollar yen, 1. 2535. A Dollar Strength, sara. Coming up, this mornings top stories and a roundup of Global Markets, plus well be joined by kit juckes from soc gen. See how you can prepare for trumps trade moves in the market. I rw can epatioenthsast ab becate u i am the future. I provide for my family. I will use my education to help my community. I will inspire our next generation of leaders. I am a college student, but i am only 1 . Only 1 of College Students are american indian. Donate now, and help our numbers grow. Breaking Global Market news. The uk Supreme