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Good morning a very warm welcome to Worldwide Exchange on cnbc im wilfred frost live in london this morning lets get straight to the market picture this morning futures pointing lower, quite significantly as welcoming off that fantastic rebound last week the dow was up 4. 25 it sits at 5 away from that late january alltime high last week was an impressive rebound following those turbulent weeks we had seen before that. The s p similar amount up last week, a similar amount away from the all time high. The nasdaq was an outperformer, up just over 5 . Its now 3 away from its alltime high. U. S. M...

That is prosperous, open to the world, but capable of recognizing and standing alongside those who have been forgotten and left behind by global initiatives. Mark he also conceded that the main challenge is to help prove that globalization is more fair to middle and working class families. Puerto rico, bracing for a wave of home foreclosures. Hundreds of thousands were granted a threemonth stay following hurricane maria. The majority of those expire this month. Officials say that many residents cannot hate what they oh. More than 30 of the island still does not have power. Global news, 24 hour...

Annual meeting of the association of the association of the united dates army. You know him. He is wellknown and is known internationally. The privilege of serving alongside of him, and you can define our keynote speaker with one word, and i would choose patriot. His veryhat he is at core. They dos and gentlemen, please welcome the secretary of ladieshe honorable and gentlemen, please welcome the secretary of defense, the honorable james mattis. [applause] thank you. Attis take you very much, ladies and gentlemen. Thank you, general. Is an absolute delight to be here with you all, and i do app...

Livex is higher three quarters of 1 . All these currencies are falling on the second column against the dollar. The u. K. Fiveyear yield is lower by five basis points. Climbing in the u. K. To its highest rate in five years in september, boosted by the cost of food and transport. 3 , the prices rising fastest pace since april 2012. The increase in tense of five the squeeze on households. Could strengthen the case for the bank of england to hike rates next month for the first time in more than a decade. That view was given some backing by governor mark carney earlier in testimony. He reiterated...

Singing today. At the cnbc offices. And apparently soon around the world. Karoke day in the news room at cnbc. By the way, can you shoot just look. Its fleet week as well here. Wave, everybody, guys, say hello to america. There you go. So we got Barry Manilow, fleet week, and the whoop whoop will be coming up in 30 minutes as well today. Adjust your volume. Theres other news too, though. We have to get to it this hour. Bmw and volkswagen caught in the cross hairs after President Trump slammed the german auto makers. Whats behind the harsh represent reck coming up. The ceo of netflix said its b...