Good morning. Welcome to Worldwide Exchange. Im sara eisen, along with michael santoli. We heard the dow was going back up to 20,000, and we called you in. I know you have a sense for these things. Im not making a call. Well get your call in a moment. Lets check in on Global Markets, after record closes for the s p and the nasdaq, futures look like theyre going strong again. Global stocks are in rally mode following wall street and dow futures are up 52 points. S p futures are up 4. 5. Nasdaq futures are up more than 16 points. The tenyear treasury note yield, higher yields. The trump rally back on track with higher yields, stronger dollar, strong stocks. Tenyear yield, 2. 48. Some selling into bonds and stocks. Lets look at whats going on in europe. German business morale falling this month. The Ifo Business Climate i dex h index hitting the lowest level since september. Seemed like they were pricing in our gains here. Germany up 1 . The story of better Economic Data in europe remains intact despite the overall trend. We have key data out of asia. Japanese exports snapping a 14month slump. Imports fell by a larger than expected 2. 6 . Exports at 5. 6 billion. You can see the trap geez market up 1. 4 . Weaker yen, strong equities. China with modest gains. As for the Broader Market picture, oil prices right now, after oil sort of declined last night on the bigger build in supply. Theres your oil trade, also lower again. 52. 88, down a half percent. Brent down a half percent. 55. 15. The u. S. Dollar back in stronger mode, at least it was yesterday. Sort of reversing early this morning. Weaker against the yen, 113. 57, weaker against the year euro 1. Gold declining again a half percent. We wonder is the trump rally back on track now that hes making moves on infrastructure, growth, focusing less on protectionism. It moves daytoday. It does. Its always impossible to say why the market is moving. Is it taking its cue from the fact that treasury yields are going up that seems like a prerequisite for stocks going up. Five weeks, you had the pure trump rally, then five weeks of sideways. Who knows if it will be that symmetrical. Notable move in materials, which had to do with the fact that he signed that executive order on the keystone. The pure infrastructure stocks were on the move. Metals, engineering stocks. More to come today. To politics and President Trumps first 100 days in office. The president is expected to sign an executive order today to begin paying for the wall on the u. S. Mexico border. Trump tweeting last night, big day planned on National Secure if i tomorrow. Among many other things, we will build the wall. Trump wants mexico to pay for the wall eventually. Hes getting started, busy and fulfilling campaign promises. Hes going down the list, checking them off. Nobody says you cant sit there for four hours and sign all the executive hours, but hes pacing it out. Tweeting, signing orders. In other political news, gary cohns Goldman Sachs exit package tops 100 million. He left the bank to top president Trumps National economics council. Cohn received 65 million in cash to cover future potential bonuses, and 45 million of stock that remains locked up or subject to claw back. President trump clearing the way for two controversial Pipeline Projects that had been rejected by the obama administration. Late yesterday trump signing executive orders that will make it easier for transcanada to construct the keystone xl pipeline and to build the final uncompleted portion of the Dakota Access pipeline. The president said both executive actions were subject to terms and conditions to be negotiated by the u. S. The stock moved. Shares of Energy Transfer partners and transcanada rose yesterday. Among the benefactors of the pipeline news, the ceo, david seton, who spoke yesterday about it on closing bell. We dont do anything the way wi did the old way. Theres new technologies, new capabilities, and there is the capability existing in the United States to produce that pipe material and other things that would be used in this pipeline, the dakota pipeline or anything like that, its a matter of retooling the system of the capacities required to actually put that pipe in the ground. As for jobs, the ceo says there is likely to be a shortage of workers as the u. S. Begins building infrastructure, but he predicts the positions will be filled. Its a fascinating angle. In theory, if you have policies that prove effective, its not as if we are sitting there with a lot of, you know, Blue Collar Workers ready to get on the move. Despite what you think. Thats what the funny thing funny, ironic for the Federal Reserve that has been pushing congress for the last eight years, as it tries to do everything to stimulate this economy, get inflation going. Begging for fiscal policy. Now just when the employment situation, the labor market is tightening up shg, employment r down, we get the fiscal stimulus, higher Interest Rates, inflation. The markets are trying to figure out, does that mean well run hot on the inflation front. Chinese state media reacting to President Trumps trade policies and comments. An article warns a trade war between china and the u. S. Could harm both companies. It also says numerous countries would be impacted by a trade war. President trump has been Encouraging Companies across the world to build countries in the u. S. To increase jobs. Samsonite may be up for the challenge. They are founded in denver, colorado but closed the business there 16 years ago for profitability reasons. But the ceo said the brand could soon return to its roots. We manufacture luggage globally. We have a lot of manufacturing which is done in europe. We have been expanding manufacturing in europe. We also do some outsourcing in chin china, vote vietnam, other places. Today undoubtedly almost 40 of our sales are happening in the u. S. We will not hesitate to look at possibility of manufacturing in the u. S. The ceo insists samsonite has been looking into the move for a while. This is the question especially as the big three auto unions were in washington yesterday. They will decrease regulations, trump promises that, make manufacturing more appealing, but can you profitable produce a small car in the u. S. Anymore . Without tradeoffs on the other size which is eased environmental standards. Can the math work is the question. Can the economics work . If youre a car company you will build an Assembly Plant that will last 40 years because the president pushes you in that direction . And they complaint a lot about currency manipulation, how do you build currency manipulation or define it into a trade agreement. Its like New Territory and its hard. Especially if they complain about the japanese yen. Qe is a lot of what we did here. I was watching mad money yesterday, jim was saying at some point the car companies, gm and ford may be at a disadvantage if their hands are tied and theyre forced to do manufacturing here. The question is forced would not be good for them. Prodded, threatened. Cajoled. South Carolina Governor Nikki Haley has been confirmed as ambassador to the united nations. The senate had 96 senator force her appointment and 4 opposed. She vowed to fight for human rights and to support international institutions. The president narrowed down his choice to fill the Supreme Court vacancy to three judges now. Reports say the leading contenders, william pryor, neil gorish and thomas hardman, all three sit on federal appeals courts. Trump will make his decision in the coming days. Now to some corporate deal news, Cisco Systems is buying appdynamics for 3. 7 billion. Appdynamics was gearing up to be the first tech ipo of the year. It was supposed to price tonight with 2 billion. Cisco agreeing to pay about 26 a share, well above the price range of 10 to 12 per share. Appdynamics makes software to monitor the performance of applications, dont miss Chuck Robbins on squawk on the street today at 9 00 a. M. Alcoa reporting better than Fourth Quarter revenue thanks to a rise in aluminum prices. Alcoa expects 4 growth in Global Demand even as the market are mains oversupplied. It sees Strong Demand from china driven by packaging and transportation sectors. The initial gut reaction was lower stock price. It looks like things are moving in the opposite direction. The stock is up like 0 year to date. Its been on a huge run. Good quarter. Looks like good enough. At least after this split. We dont know what to compare it to. But seems like the street liked it. The gap says the head of Banana Republic is leaving as the retailer tries to stem declining sales. Andy owen is a 25year veteran of the company. Art peck will oversee Banana Republic while the search is underway for a replacement. Banana republic sales dropped more than 7 in december. Sales at gap and old navy both rose. Earnings once again dominate the agenda. No Major Economics expected, before the open look for results from abbott labs, boeing, united technologies. After the close, numbers from at t, ebay, qualcomm and las vegas sands. Coming up, this mornings stocks to watch. First, as we head to break, check out european equities at this hour. Stay tuned, youre watching Worldwide Exchange. Runs on intel . That ride share . You actually rode here on the cloud. Did not feel like a cloud. That driverless car . I have seen it all. Intels driving. The future traffic lights, street lamps. Business runs on the cloud. And the cloud runs on intel. I wonder what the other 2 runs on. car horn were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. 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. Welcome back to Worldwide Exchange. Lets get you up to speed on the market action. U. S. Equity futures set to build on yesterdays gains. The Dow Jones Industrial closed not at a record, but at about 88 points away from the 20,000 mark. So looking for about a quarter percent gain across the board. Well look at the dollar, up yesterday. Its backing off a little bit today. Here you go. Not too much. Not dramatic, but it is usually strong dollar, strong stocks. Well see if that pattern holds today. To corporate news, wells fargo will eliminate its policy of giving branches advance notice before visits by internal inspectors, that after the wall street journal reported yesterday on the advanced notice describing how it gave employees time to cover up problematic sales practices. The move is part of the internal review following charges that it created consumer accounts without customer authorization. Stocks to watch today, Bob Evans Farms is selling its restaurants unit to Golden Gate Capital for 565 million including debt. The company says it plans to focus on its refrigerated food business. Seagate beating the street and forecasting Current Quarter revenue above estimates. The hard disc driver gaining as by boost from its cloud based storage products. Up 11 after hours. And this morning, cree releasing Second Quarter earnings above expectations. Up 3. 6 after that report. A few other names, c. C. A. Technologies posting earnings. The Software Company is reducing its outlook for the full year. Novartis reporting Quarterly Results that missed expectations because the company is also announcing a 5 billion buyback and may sprin off iin off its e network. Once were out from the patent expiration, thats why we announced the buyback today. Were bullish on the future of the company and the growth trajectory well see in 2018. Nofrnlg. Novartis will focus on immune boosting medicines. And Intuitive Surgical beating the street. But saying research and Development Costs will increase. Intuitive announcing a 2 billion stock buyback. The stock higher here in the premarket. Sort of a volatile one to watch. Capital ones Fourth Quarter profit falling 14 , missing forecasts. Despite higher growth. The lender set aside more provision for loan losses. In credit cards, discover financials Fourth Quarter profit rose 13 . Total loans rose 7 . The company said it booked more new customers in 2016 than in any year since the financial crisis. Strikers Fourth Quarter adjusted results beat forecasts. The medal devicemaker expects sales and profits to improve this year. Though at a slower pace than in 2016. And Texas InstrumentsBeat Estimates helped by Strong Demand for chips in the auto and industrial sector. Forecasting First Quarter profit and revenue babove expectati expectations. As we head to break, heres the National Weather forecast from jen carfagno. Good wednesday to you. We have our next system, our snowstorm continuing to dump snow from iowa, minnesota, into wisconsin. Already about eight inches in iowa. The noreaster is out of here. Left with sunshine, above average temperatures. Behind it looking good in new york city. We hehis front that will cross through the ohio valley and tennessee valley. It wont bring a lot of rain, a couple showers, maybe a rumble of thunder. Behind it, a big temperature change. Temperatures going to highs in the 20s and 30s. That will spread through the midwest. Before it gets there, temperatures above average. Another day in the 70s and 80s from the southeast into florida. Thats your coast to coast forecast, im jen carfagno. Worldwide exchange continues after this. Welcome back to Worldwide Exchange. Good morning. Lets get you up to speed on the market action. After record closes for the s p and the nasdaq yesterday, the strength continues. Heres your wall street setup. Dow futures up 51 points, zap up 4. Nasdaq up 17. The dow closed 80 points away from that elusive 20,000 level. Will today be the day . Were on watch again. As for the tenyear treasury note yield, a lot of signals out of the bond market lately. Selloffs pushing yields higher. The dollar is weaker, something to watch this morning. Tenyear yield, 2. 48. Not at the highs, but marching back up. Strong in europe across the continent as far as the early action in stocks. The Global Market of stocks is now at a 19month high. The strength in the u. S. Market is translating overseas. Youve seen better data, especially out of that Manufacturing Sector in europe and japan. Of course the u. S. Market, the trump trade translating across the world. The german dax up 1. 2 . Lets check on the dollar versus the mexican peso. No economic reports today, but trump is expected to sign more executive orders. Today the focus is on the u. S. Mexico border wall. What youre seeing is the mexican peso declining. Strong dollar, weak mexican peso. Thats the trade. This is a currency hammered. Down about 20 over the last year on this idea that mexicos economy will get hurt by America First policies and the trump bashing of mexico stealing our jobs and making manufacturing back over the border. Watch that pair in focus today. President trump moving forward with one of the central and most controversial promises of his campaign, building that border wall. Tracie potts joins us now from washington with the details. He insisted over and over that mexico would pay for it. Then it became a reimbursement now american taxpayers are going to have to front that money, that process starts today as he signs off on shifting some federal funds to get this started. We will build our own pipeline. Reporter now he wants to build on his campaign declaring on twitter that today will focus on National Security and we will build the wall. President trump heads to the department of Homeland Security this afternoon to sign whats expected to be several executive orders on borders and immigration, including building a wall with mexico. The white house chief of staff said he will hold off on deporting dreamers, children brought to this country illegally. For today, i still have protection from deportation. Today i still have a work permit. But we know President Trump will sign this later on in the week. Mr. Trump insists that 3 million undocumented voted in the election. I would urge the president to knock this off. This will erode his ability to govern this country. Reporter democrats want to work on the president on Infrastructure Projects to create