Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. You missed a busy week where your Prime Minister was here. Im very sad i missed that particular vision. A lot has happened since that visit. Over 1 million signatures in the uk to block trumps visit. To meet the queen. To meet the queen. I dont think that petition will be carried through. Thats a side point. A shortterm point is whats happening in the futures at this hour, after what was the worst trading day of the year yesterday, at times that label, the worst trading day of the year, seemed apt. Down well over 1 . Well over 200 points on the dow, finished off the lows, 0. 8 for the nasdaq, with the s p and dow down 0. 6 , which highlights some red dat data, not the worst day. We were down 200 points on the dow, we are reminded how high the day is, that was only 1 . That was the debate of the day yesterday, was it just due for a correction after a strong few weeks, after 20,000, or did that immigration order scare some of the bulls and optimists . Exactly. Some people think a bit of both. Either way the start of yesterday was a riskoff start to the week. Equities down. Also saw the dollar down. And bonds being bought somewhat a riskoff trade. The yen also going up. A lot of riskoff trades going up. Lets look at the tenyear treasury note which settled around the 2. 5 level. 2. 49 this morning. Fed tomorrow, jobs friday. Breaking overnight the bank of japan kept its Monetary Policy unchanged and raised its forecast. The boj will continue to buy government bonds at the current pace. As for the dollar yen, a stronger dollar and a weaker yen, but just bear limit this w barely. This was expected. Global demand has risen a bit and so have markets. Thats made certainly life easier for the japanese, especially that weaker yen against the dollar. Its something that they love. The nikkei quickly, lets show you the japanese stock Market Reaction to all of thchltthis. Which is down, because of the yens move yesterday. Theres the nikkei. Down 1. 7 . Also data out overnight. Industrial Production Growth was a bit disappointing and they lowered their forecast for inflation a bit. Yes, the decision was on hold, as expected. A bit of the nuances around it, a little disappointing. There we go. The reason were taking out china and hong kong, theyre still closed for the Lunar New Year holiday. Were monitoring comments from president mario draghi. He a new survey on sentiment out this morning in the uk Shows Consumers mood improved in january. The reading ticking up by two points topping estimates. Also getting eurozone q4 gdp this morning. The figures topping estimates. If we look at European Markets, we are higher. Thats a bounce back from yesterday where markets were down. The real story across europe is the inflation story where data has been improving. Spanish inflation recording 3 in january. French inflation hitting 1. 6 , more than a fourmonth high for france, coming off the back of decent Inflation Numbers from germany. Equities up today. That inflation story is an optimistic tone for what could happen in europe. It feeds the narrative that the Global Economy is looking up. Something weve seen in a lot to of the earnings reports in the u. S. Well continue to monitor as we get the big tech names. As for the broader market, Energy Stocks were the worst performers in yesterdays stock market selloff. Crude was down a percent. It continues to decline. Well see what the Energy Stocks do today. Wti down a third of a percent. 52. 45. Brent unchanged, 55. 23. A lot of talk about ramping up u. S. Production, flooding the market with supply. Baker hughes rig counts are higher. More u. S. Production means lower prices. As for the u. S. Dollar, weaker yesterday. Nothing extreme compared to at some point the stock market selloff. Weaker again today against the euro. But not against the yen. The moves are fractional. Well wait to see if we get more direction through the session. Pound weaker against the dollar. As we end the month, month to date the dollar is down 2 . Thats something to note as we finish the first month of the year, that there has been a clear turnaround from the posttrump election rally that we saw in the last couple months of the year. Its near a twomonth low, the u. S. Dollar. Its been somewhat of a leading indicator for stocks. Treasury yields have been setting the tone more. Lets show you gold. On the back of the weaker dollar, gold has been rising. Gold had a strong few sessions. Up about a third of a percent. Political risks, some say, is bullish for gold. If thats where were going to be as evidenced by the first few executive orders, gold might continue to get a boost. To politics, President Trump firing acting attorney general sally yates last night after she directed the Justice Department lawyers not to defend his executive order on immigration. Yates was Deputy Attorney general in the obama administration. She stayed on pending confirmation of trumps pick for ag, senator jeff sessions. Now dana boente, the u. S. Attorney for the Eastern District of virginia will be taking over in the interim. In a statement President Trump wrote sally yates betrayed the department of justice by refusing to enforce a legal order designed to protect the citizens of the u. S. The department of Homeland Security also confirms the acting head of the u. S. Immigration and Customs Enforcement has also been replaced. Just went straight on to politics there. I had another markets point to make. Theyre very intertwined lately. Ill save it for the 5 30 markets chat. Are you sure . Yeah. Is a good one. People who watch only the first half of the show will miss out. Tell us. We were just told to keep it moving. I will keep it for 5 30. Thats called a deep tease. Long, deep tease. Hope i dont disapoipoint. President obama is break his silence after ten days. In a statement mr. Obama said he fundamentally disagrees with the notion of discriminating against individuals because of faith or religion. And more companies are weighing in on President Trumps executive order on immigration. Heard last night from cocacolas ceo, muhtar kent saying his company does not support this travel ban. The statement goes on to say as a u. S. Company with operations in more than 200 countries and territories, we respect people from all back grounds and greatly value the diversity of our Global Systems more than 700,000 associates. Pg e also issuing a statement, saying we reiterate our unwavering commitment to diversity and inclusion and creating an environment where all people are welcomed, all people are valued and all people are respected. The reason this is important, its not just tech. This goes beyond tech. Silicon valley leaders weighed in. Banks as well. Lloyd blankfein. Lloyd blankfein. Big consumer companies, doing it because they feel employees are affected, families are affected and theyll speak out. It will make the relationship between Corporate America and the white house more complicated than just some photoopes at the white house. Ian bremer tweeting yesterday, a clear point, leading up to davos, it was clear that every Business Leader didnt want to say anything to ann annoy president elect trump. That has spun on its head. Kind of a strength in numbers type reaction. Clearly driven by the fundmentals. Some have started speaking out, and now some are more confident where two yeeweeks ago no one wanted to say anything because they didnt want to be singled out on twitter. Maybe theyre speaking out because President Trump has given them a voice. The first two days were meetings with manufacturers, autos and business. Elon musk soliciting peoples advise so he can bring it to the council. Ceos have a voice. Were watching to see if they peel off from trump, as well as republicans. That will tell us the chances of tax reform, rolling back regulation, Infrastructure Spending. You mentioned tech leaders have been clear on this. They continue to speak out against trumps controversial immigration order. Jeff bezos sent an internal memo saying employees affected by the ban will have the full extent of amazons resources behind them. Amazon joining up with expedia to take legal action against trumpS Immigration order. The two businesses filed sworn statements as part of the state attorneys general lawsuit against the president. Speaking of tech anti trump protests gathering at google headquarters to demonstrate against the president S Immigration policies. They used the nobannowall. A person at the rally telling cnbc that the google ceo and sergey brin both spoke at the demonstration. The story continues. To todays washington agenda. Several of President Trumps cabinet picks are moving a step closer to confirmation. A handful of confirmation votes were postponed yesterday including Treasury Department nominee steve numnuchin. We expect a vote for tom price around 10 00 eastern. And votes for secretary of education, secretary of interior. Rex tillersons full Senate Confirmation vote will come tomorrow morning. President trump is expected to name his Supreme Court nominee at 8 00 p. M. If confirmed by the senate, this lifetime appointment would fill the seat of Justice Antonin Scalia who died last year. There appears to be two finalists, neil gorsuch and thomas hardiman. President trump has a meeting scheduled with representatives from the pharmaceutical industry today. A list of who hell be sitting down with specifically has not been disclosed. The president has been critical of drug firms. He said earlier this month that Pharma Companies are getting away with murder because they wanted to charge the government for medicine. He threatened implementing a government bidding system to get prices down. Something that republicans over the years have pushed back against. The Pharma Industry to push back against that as well. It will be interesting to see what comes out of the meeting. Todays agenda full of economic and earnings reports. The Fourth Quarter employment cost index out at 8 30 a. M. Followed by the caseshiller home index at 9 00. Chim go pmi at 9 45, and Consumer Confidence at 10 00. The fed begins its twoday policy meeting. The statement expected tomorrow. Eli lilly, exxonmobil, pfizer, mastercard and u. P. S. Before the bell. After the bell, apple. Coming up, concerning apple, the three things to watch ahead of the companys quarterly report. The stock has done quite well since the election. As we head to break, january market returns as we wrap up the month. Hard to believe last day of january. Youre watching Worldwide Exchange on cnbc. Stocks gaining for the month of january. Another sign of rotation from late last year. The nasdaq leading the charge. You cant predict the market. But through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Welcome back. Futures looking a bit soft at the moment. The dow called lower by 47 points. The worst day of the year yesterday. Only been 30 days of the year so far. Down 0. 6 for the dow. And 0. 8 for the nasdaq. All three indices looking positive for the whole. Joining us on the cnbc news line with a preview of apple is the president and ceo of cm research. Thank you for joining us, cyrus. We have seen declines, three consecutive quarters of sales declines for apple. Many thinking they will bounce back this quarter. Whats your expectation . My expectation is last quarter they had a terrible quarter. All four hardware divisions fell. Only services rose. China fell quite a lot. This year a lot of that could be better. I expect iphone sales to bounce back. The real big one is what will happen for the next quarter and quarter after that. I see, you know, apple as four software platforms. Ios, mac os, watch os and tv os. Only one of those is a success, ios. Ios is at severe risk in 2017 from new technologies. Three i would name are artificial intelligence, google in october of last year said it will rebase its entire business on an aifirst strategy. That kind of makes the apple iphone out of date. Augmented reality. In times these technologies could make the smartphone itself obsolete. Though that will take several years. And voice. Voice, speaking to your computer, conversation Al Technology will replace the touchscreen and the apps interface. We need to know in the earnings tomorrow or today what apple is doing to address these threats. Okay. So you mentioned a lot there. We usually get down to three things to watch. If you had to give us three numbers to watch in the report, services does that still matter to investors . You mentioned thats the growth engine. Iphone numbers and asps . How would define that . I think services, iphone and china. In services, i think we need a big cultural shift. Apple is still a hardware company. The power base is in hardware. And, you know, there are people who say a career in Apple Services is a deadend career. You need to be in hardware to progress. We need to see apples shift towards making Services Something cool within apple. Then second, china. So china the china decline in the last quarter was awful. It was a very big decline. If we see china coming back up this quarter, thats a very good sign. China was heading for 25 of apples revenues last quarter it hit 19 . We need an upside there. Just quickly, some of these concerns already out there. You dont buy the argument that the valuation is low enough . The cash balance is high enough that it means its a buy despite headwinds . We have a sell in apple at the moment. Theres five things that would make it a buy for us and would probably hear some of these in the results. Number one, a new product line to replace the iphone. That could do with cars, ai, vi, home. Number two, better investor communications. Apple has been secretive until its new products until now. It is the Worlds Largest company, we need to know how it is spending research dollar. Number three, acquisition. Apple missed time warner. It may be looking at netflix. Something to give it another theme in addition to ios. Number four, a reversal in the decline in china. I think we may see that. Number five, a big cultural shift in internet services. Thanks for joining us. Cyrus mewawalla. Stock is up 7 in the last three months. Somewhere in the middle of the dows returns. Also unclear what apple looks like in a trump world. Already tim cook spoke out against the immigration order. There are issues that affect it including repatriation of cash. Could be a big one. Apple has a ton of cash overseas, if they can bring it back with the Corporate Tax rate that could mean a big burst. Could mean a big acquisition as well. Coming up, the stocks to watch. Including why shares of Deutsche Bank are trading higher. First heres the forecast from jen carfagno. Good morning. We have a little snow moving into the northeast today. Its a clipper, and those are notorious for moving fast and not bringing a lot of precip. A light one inch to two to three inches, max. New york city, a half inch of snowfall. Temperatures b s above freezing shouldnt be a huge issue. Thats one story. The other story is the expanding High Pressure and heat. Dallas, 78 degrees. Atlanta, tacking on one more 70 degree day. This has been a hot month across a lot of the nation. The cool spots will be across the northern rockies, northern plains. The west, southwest, especially still on the warm side. L. A. Going into the mid 70s again today. Thats your coast to coast forecast. Im meteorologist jen carfagno for the weather channel. Worldwide exchange comes back after this. And turn it into medical discoveries, diagnostic breakthroughs. Proof that black holes collapse into one singularity. I dont know what that is. But yes. Innovation runs on supercomputers. And supercomputers run on intel. You are super smart. And super busy. Ooh ufo false alarm, eyelash 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. There goes my sensitive bladder. Sound familiar . Then youll love this. Incredible protection in a pad this thin. I didnt think it would work, but it does. Its called always discreet watch this. This super absorbent core turns liquid to gel, for incredible protection thats surprisingly thin. So i know im wearing it, but no one else will. Always discreet for bladder leaks Deutsche Bank agreed to pay 630 million in fines to u. S. And uk regulators for failing to prevent about 10 billion in suspicious trading being la laundered out of russia. The scheme involved mirror trades between 2011 and 2015. Deutsche bank set aside 1 billion euros for the probes, so the settlements are for much less than expected. The stock is up 2. 3 in trade. Some stocks to watch, nintendo reporting an increase in net profit driven by strong sales of new pokemon 3ds games. The weaker yen boosting overseas profits helping the stronger outlook for the year. H m posting net profit above expectations for the Fourt