let's go to wilfred frost. pound continuing to rally on this news. wilfred? >> well, sara, i would say the pound is up on the day but it slipped a little bit since this result we were sitting at 126.4, currently up more like 1%, 1.is so a slippage of .2 of 1%. the important headline is she got over the crucial headline of 159. she remains as the leader of the conservative party and remains as prime minister and cannot face another vote of no confidence from her own mps for at least 12 months that said, the number of votes against her in triple figures. 117 against and 200 in favor and people here sort of expected her to get about 80 or 90 against, not quite over that 100 level. it's not probably high enough to raise a serious and immediate question of whether or not she should resign, but it's probably more than she would have liked to see vote against her, of course, 117 against. now the big question from here as we discussed earlier. are those 117 people who failed to get her out now going to fall in line and say we tried, we failed and now we will vote wit

parliament tomorrow let's get right now to wilfred frost live in london with more wilfred, good morning. >> reporter: hi, brian that's right the u.k. can now decide to call off brexit without e.u. approval sterling initially jumped on that news. it's now essentially flat. there remain massive hurdles on the u.k. side before the u.k. government would maybe decide to do that or not so as you say, in the meantime, all eyes on the parliamentary vote tomorrow and theresa may's brexit plan. if she wins that vote, then the u.k. would lead the e.u. in march of next year her withdrawal agreement would be approved. we'd like to see sterling rally on that news because we would avoid the disorderly no deal brexit if she loses that vote there are five possible outcomes that could follow the first, renegotiation if her loss is only small, she may be able to go back to brussels and try to get fresh terms of a deal. number two, no deal. that remains the default option if nothing else happens albeit mps would try and stop it. number three, a change of prime minister by changing the leader of the conserv

will she pull the brexit vote scheduled for tomorrow wilfred frost will join us from london on that and the fear factor steve liesman looking at how market swings are impacting economist projection on fed rate hi hikes. but we'll start are rick santelli and the latest economic data. >> we're looking far read on october job openings and labor turnover known as jolt 7.079 million. this is the fourth number in this data series that has seven million or higher handlement it's the only time in history that we've had seven million the first one was in july. this is the second-highest ever so we continue to monitor that in certain areas the feel-good indices and the jobs numbers maybe avoiding what we saw last friday seem to be very powerful. the response in the marketplace is nil as most investors continue to concentrate on the volatility that emanates from global equity indices. carl, back to you. >> thank you, rick santelli. let's get to steve liesman looking at how economists are digesting the big swings in the market good morning, steve. >> not well is the answer. some economic commentary

>> only tv's wilfred brimley? what? >> mimi do we have a photo of wilfred? >> jimmy: mimi's dead, she died in 1992, i'm told. >> what? that's terrible, why wasn't i informed? i love that woman. >> jimmy: i'm sorry you have to find out like this. do you have any other products that you hope will appeal to the young people? >> yes, we do. we're pleased to announce the first tuna-flavored vape pen. >> jimmy: how about that. yeah, i don't know that squeezing it is how they work. >> there are many ways. you'll find out. now, johnny, listen to me. it's made from 100% albacore and it smells like middle school cafeteria. [ laughter ] >> jimmy: that's great. >> mimi used to love this stuff before she died in '92. >> jimmy: yeah. >> i'll never forget that. mimi, will you grab me a jar of that miracle whip and maybe some of the little crackers you get at the a and p? >> jimmy: i'm so sorry you lost mimi. >> mimi! where the hell are you? mimi! where did that woman go? >> jimmy: gary davis from the american tuna association. [ cheers and applause ] fred, change hats, we'

let's get to wilfred frost with a rundown on the markets and update on the fast moving brexit situation. >> reporter: as expected earlier this morning, prime minister theresa may has delayed the crucial vote on her brexit plan that was due to take place tomorrow >> if we went ahead and held the vote tomorrow, the deal would be rejected by a significant margin we will, therefore, defer the vote schedule for tomorrow and not proceed to divide the house at this time >> reporter: three crucial developments here. we have not been told the date for the fresh deferred vote. that's causing much ire in the house of commons number two, she dodged the question as to whether she was just seeking verbal assurances by european leaders or changing legal techs xt, something that opponents say is crucial if worth negotiating at all and thirdly, took a further leg lower, the pound, when the speaker of the house seemed to suggest he wasn't sure he would let the prime minister delay tomorrow's vote, unless they held a vote to delay the vote. again, a lot of uncertainty, down about .8%. as we approach the c

i'm sara eisen wilfred flost will rejoin me in a moment along with mike santoli. cnbc's senior markets commentator. check out how we finished the day on wall street best day for the dow, s&p and nasdaq since march 2009. first time ever the dow has finished higher by more than 1,000 points 1,085 points that's good for a gain of almost 5% for the dow s&p 500 also climbing 5% all sectors there higher check out the nasdaq, up almost 6% this was a ferocious rally today, up 5.8% and the russell 2000 index of small caps up almost 5%, burks again, coming back from a very oversold market, according to everyone we've talked to. the it's been a rough year for auto stocks in particular with ford and gm posting steam declines, but tesla outdeperforming both and turning higher on the year what other stocks to buy that discussion among others coming up, but first today's market action. bob pisani here on of the floor. new york stock exchange and jackie d'angelis with the nasdaq and the moves there. what got this all started? >> yeah, remember, march 2009, 5% that's the last time

let's get over to wilfred frost in london for the latest on brexit, following a delay of today's vote >> reporter: following a big selloff yesterday in the british pound, the sterling did start the day well as the fallout from theresa may's decision to delay the vote on her brexit plan had calmed a little. in the last hour, we have seen a selloff, touching a 20 month low. angela merkel added her name to the list of european leaders that told theresa may in no uncertain terms there can be no serious re-negotiation of her deal secondly, because rumors in westminster have risen that enough conservative mps have tabled their call for vote of confidence in the prime minister we'll wait to see whether that rumor is true or not what does it mean for what happens next deutsche bank estimates, they came out with a note, saying relatively high compared to some 50% chance that theresa may gets her deal through parliament in some form or another, though that is down from 65% previously 30% chance that theresa may gets ousted, up from 10%, and 20% chance there's a second referendum today, european

wilfred frost reports for us from london. >> reporter: u.k. prime minister theresa may called off a make or break final vote on the brexit plan which was due tomorrow because she feared defeat. >> if we went ahe and held the vote it would be defeated. we wier, ore, defer the vote schedule for tomorrow and not proceed to divide the house at this time. >> reporter: she was mocked in parliament as she explained her reasons why. >> i listened very carefullyo what is being said in this chamber and out of it to what has been said in this chamber an i out of by members from all sides. from listening to those views it is clear that while there is broad support for many of the key aspects of the deal, o one issue, on one issue there remains widespread and deep concern. >> reporter: she now heads to europe hoping to make concessions from european leaders, particularly on the irish back stop, something that seems difficult based on this tweet from the president of the european council who id, we will not renegotiate the deal but we are ready to discuss h

wilfred frost is in new york city now in a cnbc exclusive wilfred? >> thank you very much i am joined by the ceo of bank of america you may hear background noises of protests about immigration against jamie dimon downstairs ignore that. apologies. great to have you with us. >> great to be with you. >> i want to start where i started with tim sloan an hour or so ago. clearly there's more bearishness. when you talk to customers, does it match up with that or are they positive? >> it doesn't match up what you're seeing, i think you have to back up. as we came into '18, there was a view of synchronized growth, and as you get to the end of '18 and think of '19, the basic predictions, ours go from 3% to 2.7 growth the world is basically flat. not only are economies slowing, but there's a half full, half empty view. >> let's get into what the consumers are doing. over the holiday, consumers of bank of america, debit, credit cards spent 6% more than last year, up 7 or 8% from the year before seeing strong continued growth spending cash, year to date through

she's fighting for her job and will fate a vote of no-confidence from her own conservative party today wilfred frost is joining us live from london on what we can expect >> yes uk prime minister theresa may will be facing a vote of confidence among her own mps as leader of the conservative party. and therefore as prime minister, to too. >> has confirmed he has received 48 letters from conservative mps, so now there will be a vote of confidence in my leadership of the conservative party. i will contest that vote with everything i've got. >> that vote will take place around 1:00 p.m. eastern time today. it's been triggered because 48 of the 316 conservative mps have called for it. she now needs to win 158 or 50% to back her. if she does, her power will increase because she won't have to face another vote of confidence from her own mps for another 12 months. sterling here over two days is down since rumors of this vote of no-confidence started to pick up about 16 hours ago. but it's up today over the last couple of hours. why? senior cabinet ministers have come out loud and clear to back her. jus

you're not going to want to miss it, wilfred frost sitting down exclusively with wells fargo ceo tim sloan. >>> trade truce between presidents trump and xi jinping. >>> as we head to break, top performing -- actually, there they are, the top performing stocks in the s&p. waste management and alexion, autozone ♪ ignition sequence starts. 10... 9... guidance is internal. 6... 5... 4... 3... 2... 1... ♪ i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >>> welcome back optimism giving way to the trade truce with president's tweet storm saying, quote, i'm a tariff man wilbur ross spoke to ""squawk box"" and added further color on the trump/xi meeting listen. >> i do believe if they live up to the indications they had with president trump, everybody will be very happy. what's unknown is how much of that was just 40,000 foot level talk between two presidents a

we're live at the nasdaq market site in times square i'm melissa lee with joe kernen and wilfred frost. our guest host is joe terranova. he's also a cnbc contributor we want to start with the markets after that crazy ride we had yesterday. the dow swinging 871 points in total to close 260 points higher, this after having been down 611 points intraday this, by the way -- >> at 2:40 >> i saw the whole thing unfold. you picked it up it was insane. this is the biggest two-day percent gain in three years, now trading 3% higher for the week still down 9% in the month of december taking a check on how we're following through this morning, it looks like green across the board. the dow looking to add 136 points to this two-day tally s&p looking higher by 18 1/2 the nasdaq up by 46 points if we hold this, what a way to close out the week >> i was watching. kind of closely yesterday i was thinking we talked about it earlier, will we be down 600 or up 300 it didn't look possible. i saw on twitter, i saw zero hedge, love it or hate it i follow it now. this one line at 2:30 or so. this is the highes

we'll come back to you, wilfred frost is in london for us. ahead, exclusive with former ceo of athena health, jonathan bush, taking a look at the premarket, two big days of big reversals, we are back in a moment. this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> welcome back, an update on our story on monday involving the bitter dispute between qualcomm and apple they extend into a chinese courtroom which many existing models of apple iphones in china. as we reported on that day, jim and i reported on monday a couple of days back, qualcomm view the order as straightforward. saying that apple could

wilfred frost is covering it all for us from london hi, wilfred. >> reporter: hi, tyler yes, indeed. her career is up in the air but far less than it was late last night or early this morning. why? because so many of her mps have publicly backed support for her during the course of today she needs 50% or 317 of her mps to -- 317 is the full members. she needs half of them, 159. over 170 have done so during the course of today. that's in part because she has offered them a compromise. she said she'll take the party through brexit but she won't stand for the next scheduled election in june 2022. so what's going on next? well, the mps will begin voting any minute now not in the house of parliament. they've been asked to make one simple choice of two options, i have confidence of theresa may as leader or i don't have confidence of theresa may and then we wait for what the number is of sir graham brady sterling, the betting markets and consensus here in parliament, around parliament is that she will win. the question is by how much. guys >> wilfred, thank you very much. wilfred frost foll

night.they were here since 12:45 this morning and it happened right before the golf course drive and wilfred avenue exit off highway 101 going northbound. the right 2 lanes were shut down at about 3:45 am, and chp also shut down all lanes going in both directions intermittently for increments of 5 minutes so pg&e workers could connect power lines across the highway.and just after 9 am, all lanes were opened back up. th driver of the car was arrested and taken to the hospital but wasn't seriously injured, and there's no word as to the circumstances surrounding the arrest.pg&e says the low hanging power lines didn't cause any power outages, and there's no word yet as to when they're going to repair the pole that the driver crashed into.reporting in rohnert park, sanaz tahernia, kron 4 news ( robin ) buying a christmas tree this year will cost you more green.. there's a supply shortage leading to higher prices. the average price of a tree nationwide is 75 bucks... but prices in the bay area can be nearly double that. kron 4's gayle ong spent sunday with local sellers and explains why. it's the

wilfred frost is live in london after theresa may survived yesterday's confidence vote. hey, wilf. >> reporter: she celebrated that victory according to reports with two glasses of red wine and packet of potato chips, but today it was back to work. work meant traveling to brussels to try to improve terms of the brexit deal, something that will not be easy, judging by comments of various eu leaders today, including president macron of france who said we cannot renegotiate what was negotiated over months. we can have a political discussion but not a legal discussion there remains a lot of uncertainty over the likely shape of brexit. for that reason sterling is lower today than it was at the weekend, albeit rallied 24 years ago on the news of prime minister may's victory news that the ecb would end the bond buying program is lower on the session today, after president draghi struck a lackluster tone on the economy >> the latest data and survey results have been weaker than expected contribution from external demand and several specific factors. while some factors are likely

wilfred frost joins us from london with where things stand wilfred. >> parliament has rarely been as united as it was yesterday against the prime minister left and right, leave and remain there was widespread disbelief at the prime minister's decision to deny a vote on the brexit deal even though she said the deal was the best that could be achieved >> i've listened carefully to what has been said in this chamber and out of it. to what has been said in this chamber and out of it by members from all sides >> she now heads to europe to try to improve that deal, something that will be incredibly hard, particularly after comments like this from jean-claude junker saying there is no room for renegotiation he went on to offer only clarifications, unlikely to be enough to placate prime minister may's opponents. but she has bought herself a few weeks of breathing room. she has not had to face and lose a vote on her brexit deal, she has not seen a vote of no confidence triggered against her. sterling sill suffered heavily yesterday. more because of uncertainty over her future than brexit itse

you heard wilfred talk about that drama around brexit there was a lot of price action positioning wise to the down side 1.25 for pound sterling back up to what we're seeing here what does it say about the future prospects for the pound now that we've seen an incremental development? >> i think it could get worse before better. i think over the next couple of weeks you'll see ongoing turmoil. you need to see that deadline become more real from members of parliament before something happens. so we're looking for longer-term gains in the pound before that happens we could see more down sidside >> the question remains on whether or not the uk economy is doing well enough to sustain a stronger currency. as we talk about the brexit headline to headline moves, we're also talking about the long-term prospects for the economy and the pound. long-term prospect wise, is the uk economy positioned well enough to support that currency move >> yes i think over the longer term sterling is yun vundervalued soi think we'll see a bounce next year as some of this uncertainty fades. when you take the econo

guys >> wilfred, thank you. i'll see seeing a lot more of you as the day unfolds here. let's get over to sue herera for a news update. >>> good morning, everyone here's what's happening at this hour french police releasing a photo identifying the suspected assailant of a shooting spree in strasbourg a 29-year-old with a long police record for crimes, including armed robbery. he has been monitored as a suspected religious radical by french intelligence services. >>> first lady melania trump taking a short trip to virginia to visit troops at a holiday event at jointangley she shook hands with the service members and spent time with their children. >> i'm honored to be able to say welcome home and thank you for answering the call of duty i have said this before, but it's worth repeating we know that we are free because you are brave. >> a new report out this morning shows how being overweight is really bad for your health researchers say those who are overweight or obese are at a higher risk of developing 13 different cancers. 4 million deaths were caused by being overweig

goldman sachs haven't. >> good story, thank you for that, wilfred frost at the floor of the new york stock exchange when we come back, shares of j&j down again after the report on friday said the company new for decades about asbestos in its baby powder. don't miss alex gorsky with jim at 6:00 p.m. eastern time on "mad money." white house trade advisor peter navarro will talk to rick santelli later in the hour >>> as we go to break, look at the top laggards of the s&p which is on pace for i wsttsor close of the year. the future of technology investing lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners. from energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. the global investment management ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ >>> welcome back to

wilfred frost alongside sara eisen. straight to the markets, the s&p 500 intraday chart, right before the fed decision it was up 1.1% at 2:00 p.m. we were expecting a dovish hike, bullet market did not think it was dovish enough in tone. we sold off twice in the last couple of hours, firstly on the decision itself. we then recovered a little bit as the start of chair powell's comments were fairly dovish, but towards the back end we did hit session lows we were down over 500 points at one point on the dow we're down 1.25% on the s&p, over 2% swing in the last hour or so. >> big move across assets. you're seeing buying of bonds and pushing treasury yields lower opposite whatever you saw initially. the dollar pretty much flat, climbed um the basic takeaway, yes, rate hike that was expected by the markets. they moderated the fed outlook in terms of growth for 201 cut the number of hikes expected or interest rate increases expected in 2019 from 3 to 2, but, again, didn't give investors enough to cheer about, and in jay powel

by -- wilford rosz is staross is stang by tell us about the defeat >> she suffered four out of four wilfred frost. >> it's parliament, this never happens before this comes after the government called to publish the brexit plan the british pound has fallen sharply. it was up and down 0.4%, recovered a little since then that 1.4% swing to the down side why? because the legal advice will be published in full. it's thought that won't help may in her quest to convince mps to vote for her brexit deal, which happens next tuesday the 11th of december guys >> before i let you go, you have spoken with two big bank ceos today, wells fargo and money hasn't at banc of america. the message that they convey to you on where we are right now in the world, how the economy looks to them was what >> very, very positive i asked both of them as my first question, the tone from the market's very, very bearish. when you speak to your customers and the data you see, does that match up both were very, very relaxed about the state of the u.s. commitment whether that was in relation to trade or interest rates. tim slo

i think we're going to grow sub-2%, wilfred. i think the earning on the s&p might fall this year, down from where they end this year look, one thing to think about this, when we started late 2018 there was nothing but sheer optimism everywhere. we knew we were going to have explosive upside profits, tax induced. we knew we were going to have considerable gdp growth. and we new we were going to have a synchronized recovery and it turned out horrible for stocks >> davos >> yeah, with pessimism. with people going it could be a re recession, we're going to have earnings estimates coming down i think that's good for stocks at the end of the day. we need to hit the pause button on higher rates. and one way to do that is to create a major slowdown. so, this slowdown is not a bad thing. this slowdown is the key to maybe elongating this longer than it may last >> people -- we're going to davos in less than a month, with all of the elitist globalist on their private jets solving inequality and private change, but we're going over there, b

wilfred frost is in london tonight. wilf what's the time line what happens next as it pertainso brexit. >> reporter: well more uncertainty as it pertains to t brexit i answer, sue. one of the big questions we had coming into the vote of confidence for the prime minister was that if she won what would those that had tried and failed to oust her do next? would they call in line and go ong with the brexit plan or continue to try to oppose it? it's clearve from comments we had in the last hour that it's the latter they wish to do continue to oppose her plan for brexit. and when you consider the mess overall it looks difficult for theresa may's brexit plan. tonight she got 200 votes from her 317 mps in her party. but there are 6 seats inotal in parliament. so she seems a long way fromg gett her sort of middle ground plan for brexit through parliament. the british pound rose today because she won the leadership vote. >> right. >> but itown weeko date, month to date and year to date because of brexit uncertainty. >> and invest

thank you. >>> we'll be right back with wilfred's closing countdown. the future of technology investing lies beyond the tech sector. it's about technology transforming every sector. ♪ at pgim, our bottom-up approach uses a technology lens to identify long-term winners. from energy... to real estate... to retail. finding such opportunities for alpha is the true value of active investing. and around the world, you have a partner in that pursuit. pgim: the global investment management businesses of prudential. you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. >> it has ban bumpy day. there is the s & p 500 you can see the lows hit about an hour ago. we are sort of pausing as we approach it but wul off the highs as well. you

others saying she will not wilfred frost joins us right now. wilf, huge question whether that vote goes or it doesn't. if it does go, what are the odds that it passes >> reporter: yeah, becky i'd say most of the reports i've seen in the last five minutes say that the vote is in fact ahead. we can come to that towards the end. as you say, if it does go ahead and theresa may wins that vote, then the u.k. will leave the e.u. in march of next year under the terms of her withdrawal agreement. we'd likely see the british pound rally off of that because a no deal disorderly brexit would be avoided if she loses that vote in parliament tomorrow there are five options of what could happen next. the first is she tries to renegotiate herself. that seems unlikely unless her loss in parliament is very small. the second, no deal. remember, that is the default option if nothing else happens between tomorrow and march but mps would try and block no deal. number three, a change of prime minister by changing the conservative party within the own mechanisms number

. >> tonight the country is mourning the loss of one of its heroes, wilfred defor you was one of the surviving members of the tuskegee airmen and served as a technician with the all-black aviator group during world war ii. they painted the details of the aircraft and that's how they got the nickname red tail. he was 104 years old. >>> which now most of us have seen pictures from the surface of mars with its rocky red landscape and now thanks to nasa's insight lander we connection appearance mars in a whole new way. stove patterson explains. >> reporter: for generations we have been captain rated by the image of mars. the red planet stirring wonder in films like "the martian" and with those little green men in "mars attack." but what about the way mars sounds? what you just heard was the first ever audio of martian winds moving over solar panels on nasa's insight lander picked up by its seismometer, that bronze object in the front. nasa raised it a few octaves because the original low pitch is barely audible to humans. listen again with the recording speeded up by nasa. the spacecraft

. >> tonight the couisry ourning the loss of one of its heroes, wilfred defor you was one of the surviving members of the tuskegee airmen and served as a technician with the all-black aviator group during world war ii. they painted the details of the aircraft and that's how they got the nickname red tail. he was 104 years old. w >>ch now most of us have seen pictures from the surface of rocky ith its red landscape and now thanks to nasa's insight lander we connection appearance mars in a whole new way. stove patterson explains. >> reporter: for hgenerations weave been captain rated by the image of mars. the red planet stirring wonder in films like "the martian" and with those little green men in "mars attack." but what about the way mars sounds? what you just heard was the first ever an windsf mar moving over solar panels on nasa's insight lander picked up by its seismometer, that bronze object in the front. nasa raised it a few octaves because the original low pitch is .t barely audible huma listen again with the recording speeded up by nasa. the spacecraft giving w usle new window on mar

here he is with rafa nadal, nick kygios, jo—wilfred tsonga and kai nishikori, just about to welcome in 2019, it's just after 5:30pm in the evening in brisbane. serena williams also celebrating, winning a first competitive match on her return to action after losing the us open final in september. her victory in perth couldn't halt a 2—1 defeat for the us in that competition. great britain's harriet dart is through to the second round in brisbane, coming through three rounds of qualifying to notch up the biggest win of her career against petkovic. and finally, the eagle has landed, but not where it is supposed to. this was clark the eagle, who we re to. this was clark the eagle, who were supposed to fly around the stadium at a college football game in texas but decided to hang out with the crowd instead. clark making himself felt at that notre dame football match. that's all the sport for now. the majority of councils in england didn't prosecute a single motorist for misusing a disabled parking permit in the last 12 months, according to data from the department for transport. that's de

well it's always there it's been always there whenever you talked about wilfred somewhere you know. everybody who's not agreeing with you or all these traditionalist forces fundamentalist forces which are really around us always blame us for the not the picking up from this is not what in the end is not what our culture is all about and that the silence that has been imposed on women is also because it feel that if they will speak out they will be targeted they will be seen as the people who are responsible for what is happening to victim blaming all the time so so even to muster the courage to speak there already is you know in some sense punished for speaking out and now you know we're all working very hard to change it or certainly that whole thing about you know you are being the red so you are trying to create the kind of alignment in our country where women are now becoming very free they just don't want to follow any tradition and you are responsible so we are certainly very very important but let me tell you one thing in india the situation is very very different now because

here he is with rafa nadal, nick kygios, jo—wilfred tsonga and kai nishikori, just about to welcome in 2019, it's just after half past five in the evening in brisbane. and let's take advantage of it being winter to watch a bit of ski jumping. this is germany's andreas wellinger. he's a double—olympic gold medallist. he did the hard bit, landing thejump. but then struggled with the flat bit. that's all the sport for now. idid i did have to laugh at that. it's quite something. poor guy! the majority of councils in england didn't prosecute a single motorist for misusing a disabled parking permit in the last 12 months, according to data from the department for transport. that's despite the number of blue badges reported as stolen in that time, rising by 45% on the previous year. the local government association says authorities have limited resources to carry out enforcement, as john mcmanus reports. they're a lifeline for around 2.4 million motorists who have some form of disability. blue badges allow holders to park free of charge in pay—and—display bays, and for up to three hours

i'm kelly evans along with andrew ross sorkin and wilfred frost. michelle caruso-cabrera is also joining us >> the gang is all here. this is like a post-christmas party of sorts >> usually it would be jokey, relaxing, memories of christmas. >> not today >> this week did not start that way. >> just now the futures turned lower. we were down on monday 600 and change >> 2.7% on the s&p after the close, after the terrible week before and the terrible month. >> here's your implied open. we're fluctuating around the flat line. s&p implied lower a half point stock markets in europe are closed this morning. overnight in asia, stocks in japan rose by 1% after tumbling 5% on tuesday's session. china shanghai composite fell by a quarter of a percent >> worth noting for the year to dated we are down more than 20% on shanghai. japan is down about 20% year to date as well big declines around the world for all markets. >> for a while it was just shanghai, now it's everybody >> treasury yields, a lot of change here as well. the ten-year treasury yield, 2.729. we'v

tomorrow, wilfred frost is live from the goldman, sachs conference and will be joined by tim sloan. that's not all on "squawk alley," bank of america ceo brian moynihan will join wilfred speaking of "squawk alley," jon fortt is in san francisco and has a look at what's coming up in a few minutes from now. jon? >> that's right. major indexes are off highs, china connected stocks in particular are higher this morning. we will check into those, including apple, and look at what might be coming next. that's coming up on "squawk alley. (toni vo) 'twas the night before christma, and all thro' the house. not a creature was stirring, but everywhere else... there are performers, dancers, designers the dads and the drivers. there are doers of good and bringers of glee. this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event. >>> welcome back to "squawk on the street." stocks are holding on to gains this morning, off the best levels of the day, honi

wilfred frost speaks exclusively with john waldron. the inversion of the yield curve causing problems and one of the factors sparking today's selloff. >> yes it is. steve joins us now with a look at exactly what the yield curve is signaling >> yeah. the trouble with the yield curve it has done a good job of signaling recessions the good news, not quite there yet. take a look at the longer term history of the 210 spread. those are the recession bands. you can see when it passes below the line there we'll circle those areas there. there it is. it is within 13 to 17 months later. you get a recession. okay how did we get here? it was pretty all of a sudden. what happened since then in the 210 spread of which the two gave us seven basis points and the ten year, plomost of it the decline. it happened after it seemed like the fed was not going to go much further. people went in and bought that here are some of the gathering clouds u.s. china trade said what happened on sunday people weren't precisely sure. more weakening globally. the questio

night.they were here since 12:45 this morning and it happened right before the golf course drive and wilfred avenue exit off highway 101 going northbound. the right 2 lanes were shut down at about 3:45 am, and chp also shut down all lanes going in both directions intermittently for increments of 5 minutes so pg&e workers could connect power lines across the highway.and just after 9 am, all lanes were opened back up. th driver of the car was arrested and taken to the hospital but wasn't seriously injured, and there's no word as to the circumstances surrounding the arrest.pg&e says the low hanging power lines didn't cause any power outages, and there's no word yet as to when they're going to repair the pole that the driver crashed into.reporting in rohnert park, sanaz tahernia, kron 4 news (justine) police in san jose believe a driver making an illegal u-turn caused a deadly crash. it happened saturday morning on south jackson avenue. police say the driver of a honda accord made a u-turn to head north when it was hit by a chevy trailblazer. both drivers and three passengers in the honda were t

night.they were here since 12:45 this morning and it happened right before the golf course drive and wilfred avenue exit off highway 101 going northbound. the right 2 lanes were shut down at about 3:45 am, and chp also shut down all lanes going in both directions intermittently for increments of 5 minutes so pg&e workers could connect power lines across the highway.and just after 9 am, all lanes were opened back up. th driver of the car was arrested and taken to the hospital but wasn't seriously injured, and there's no word as to the circumstances surrounding the arrest.pg&e says the low hanging power lines didn't cause any power outages, and there's no word yet as to when they're going to repair the pole that the driver crashed into.reporting in rohnert park, sanaz tahernia, kron 4 news (jr stone) still ahead... severe winter weather is pounding parts of the u-s... causing power outages and thousands of flight delays. we take a look at the damage. (justine) a bizarre medical case that cost a woman her life. how a brain eating amoeba got into her (jr stone) plus... higher prices and shorter

i'm kelly evans along with andrew ross sorkin and wilfred frost. michelle caruso-cabrera is also joining us >> the gang is all here. this is like a post-christmas party of sorts >> usually it would be jokey, relaxing, memories of christmas. >> not today >> this week did not start that way. >> just now the futures turned

i'm melissa lee with joe kernen and wilfred frost sitting in with us for the next two hours is mike santoli. let's look at yesterday's record breaking rebound the dow logging its largest one-day point gain in history. the 4.98% gain was the biggest upside percent move since march of 2009. it was the biggest post-christmas rally for stocks ever retail led the way shares of wayfair, kohl's, dollar general jumping more than 7% amazon stock up 9.45%, wiping out declining from the christmas eve selloff. the stock pairing some of those gains this mor

we're live at the nasdaq market site in times square i'm melissa lee with joe kernen and wilfred frost. our guest host is joe terranova. he's also a cnbc contributor we want to start with the markets after that crazy ride we had yesterday. the dow swinging 8

look at the pound versus the dollar wilfred was talking about the brexit news and whathas to be shared with the public may not be in teresa may's favor but no matter how you slice it, it seems though brexit will be an ongoing force in the foreign exchange markets back to you. >> rick, thank you very much now, besides the inverted yield curves a couple warnings, j.p. morgan saying cash is king right now and socgen warns the longest bull run is on its last legs and a deep and prolonged correction is coming. here to weigh in on what's going on today the chief investment officer with ubs global wealth management he has 2.4 trillion in assets under management thanks for joining us. >> thank you. >> a lot of hand winging going on today are you winging yours as well? >> well, 2004 certainly paying close attention. i really like that you went to rick and what he said about this being a bond story, that's what we were looking at right before we came over here. we saw a lot of hedge funds coming into this week, very short the long end of the bond and we think we need to see some of this lower oi

we honor world war ii hero wilfred dufor. after joining the army air corps in 1942, he was assigned to the 366th air service squadron and served in italy in world war ii, he was an aircraft technician and painted the red tails on the planes giving them the nickname the red tail. he worked for the u.s. postal service over 30 years, honored last month in a ceremony renaming a manhattan post office after the tuskegee airmen. he was found dead earlier this month in new york. he was 100 years old. if you have a monumental american, please tweet us. shaquem get in here. take your razor, yup. alright, up and down, never side to side, shaquem. you got it? come on, get back. quem, you a second behind your brother, stay focused. can't nobody beat you, can't nobody beat you. hard work baby, it gonna pay off. you got this. with the one hundred and forty-first pick, the seattle seahawks select. alright, you got it, shaquem. alright, let me see. whoooo. did you know the exact same hotel room... ...can have many different prices? that's why

the dow down of 0 points wilfred on the floor for the closing countdown. >> we are at the session lows, down 600 as you said on the dow. 2.5% down on the s&p gordon, huge telloff again the volume is not that thin for the holiday. >> not thin at all for these days very interesting day we're just not seeing any enthusiasm on the buy side meeting any of the sell orders and the volume is, you know, exaggerated for this kind of day. we talked to the traders -- >> is that mnuchin's fault >> didn't help but i think overall guys are wondering now, is there something underneath all this that people are not reading that is keeping people from jumping in or deciding that they wanted to get involved here at these levels we're seeing a lot of these stocks getting beaten up and they should be attractive at these levels >> will we see the numbers go lower? >> seems to be the trend is going that way. >> just over two minutes left to trade. s&p 500 intraday chart for you tells the whole story. we had a brief attempt about an hour into the shortened session to rally, but red throughout the session. lows

theresa may may be looking for a better offer for her brexit divorce deal wilfred frost will tell us whether she is likely to get it. as we head to the break, here's a look at the biggest premarket winners and losers in the dow. i'm ken jacobus and i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ ♪ >> british prime minister theresa may pulled a vote yesterday on brexit, it was kind of embarrassing, you know why someone doesn't vote on something. she didn't have a chance she hoped for a better deal. the european commission president says there's no room for renegotiation. wilfred frost will join us now from london to talk about this you have an ifb in before we went to break? you can tell me if you went to the wolseley after your report i assume you've been there already. >> i have not, joe i did have the ifb in, i heard you ment

british prime minister theresa may facing a no-confidence vote this afternoon wilfred frost joins us with more >> yes uk prime minister theresa may will face a vote of no-confidence from her own mps as leader of the conservative party and therefore as prime minister, too. >> sir graham brady confirmed that he has received 48 letters from conservative mps, so there now will be a vote of confidence in my leadership of the conservative party i will contest that vote with everything i've got. >> that vote will take place at 1:00 p.m. eastern time it was triggered because 48 of her conservative mps called for it she will need to win 158 votes or 50% in order to stay on as prime minister if she does, her power will increase a little because she can't face another vote of no confidence for another 12 months let's look at sterling over the last two days. it is lower compared to 16 hours ago when rumer rumors of this vf no-confidence picked up but it's higher today why? because she has received votes of public confidence from a wide range of mps including senior cabinet ministers like jeremy

tensions are top performers [ bell ringing ] >>> welcome back everyone to the closing bell i'm here with wilfred frost. let's take a look at how we finished up the day on wall street it was a rally day after a big week on wall street. the rally continued off of that trade truce that was declared in argentina between president trump and xi the dow closing higher by just under 300 points s & p 500 rose up and it was broad as well. the nasdaq gained 1.5% russell 2000 up 1% not quite as bilge as gains we saw overflight still, a worldwide celebration of that cease fire coming up you'll hear and get his take on the feds rate hike time line. >>> oil prices climbing sharply higher a big clang out of opec. we'll discuss that there hoping oil prices will stay low. he'll tell us where he is placing bets on the show advanced my koe devices and discovery was the laggard there. joining us to talk about the market day managing direct to have nice to see you. >> we did get a big rally last week more than 4% for the s & p 500 did that take away the headlines? >> i think we used up some of the fuel you had people

. >> you know there are a lot of rumors, wilfred, about huawei. but meng, the cf detained by the canadians. she was probably involved in more than just violating iran sanctions. there have been hints about other bad acts with regard to zte, you know, zte has now been caught violating the second settlement agreement with the u.s this is twice they violate add settlement agreement at this particular time i'm sure the trump administration is running out of patience because zte looks like a thoroughly bad actor. >> i wonder if the dynamic changes at all now the u.s. stock market is down double digits from the highs. not fully bear market but down 15% on the s&p 500 china has more bullets to stimulate its economy, doesn't it fiscally and monetarily and with the u.s. it was always your economy and market is getting hit. now we are feeling it. >> chinese economists say that beige something running out of bullets, because, you know, they have put so much money into the economy, especially since 2008 that it's not having much of an effect you have the univ

monday "squawk on the street" is next ♪ >> good morning, i am carl quintanilla, i am with sara eisen and wilfred frost. david is off cramer is going to join us by the phone. europe is up 1.2%. japan closes the year down 12. they are closed on monday. oil is back about 45 our road maps begi begins with street futures is foipointing to a higr open >> cramer says the recent volatility is about as bad as he has seen cramer joins us. why he says jay powell is getting schooled >> stocks are poised to open higher this morning. the rise of all three major averages recovered to post some ol l solid games. if we are going to erase the whole 1931 thing, we got to get about another 4.4%. >> yesterday, 2:17 p.m., the dow is down 611 points and 200 gain in the last hour so at 3:00 p.m. and it was a straight line up going positive the last half hours. to gain back almost 900 points, biggest dow and nasdaq rehearsal in ten years does that mean we are still in a bear market or does it mean it could be the making of abbott. we did have the two back-to-back games. there is some following through. this is the end o

. >> welcome to the closing bell wilfred will rejoin me in a second here is how we finished up the dow low are by almost 500 points, down 2% into the close the s&p i was watching the levels this is down 1.9%. nasdaq got slammed technology hit hard all across the board. down 2%. it is all negative for the week. we are tracking the worst quarter since 2011 coming up mad money will be here to join us his take on the market volatility, what you should be doing with your money. we will also talk to the fast money game first, let's get straight to today and just what happened we are here on the floor of the new york stock exchange. it is covering up at the nasdaq. let's start with you >> closing down 495 points off the lows still an ugly session with dow closing down 2%. it started with global growth concerns, retail and even in europe manufacturing came in lower than expected. we had auto registrations declining lead by the u.k. and italy and germany. all 11 sectors trading lead by health care and energy with oil prices back below $61 seven are in correction. i should point out financials a

once again wilfred frost in london now we are joined to discuss with fred this issue how much is this going to reshape europe, the success theresa may has in pulling this deal off and trying to deal with the i don't knnorthern ireland e >> one of the things we're seeing with the protests in france and what's going on in great britain is that nationalism is populism. sometimes that has an ugly face in the united states its existential in europe. you can't pool sovereignty in the european union in a situation where you have so much nationalism and populism i think that's what the vote will come down to in the end in the uk i don't think the eu is going to give much ground probably not enough ground for theresa may to get her parliament vote, and then the question becomes do you have a second referendum months ago i argued with larry kudlow before he was in the white house on this program that i thought ultimately the british would come to their senses and have a second referendum and stay in because it's in their best interest. i wouldn't bet on it, but there's a higher probability >> i

i'm wilfred. not a pretty picture in the market markets down sharply at session lows right now just down on the dow. the high of course was positive territory mere t territory near the open. we are down 2.5% the nasdaq down more than 3% all of the major averages on pace for their third