reaction. troops could be deployed within 48 hours. it is a clear message to vladimir putin and russia. ray-ban's,ing they make them all. they are making changes at the top. tripling the stock price, the chief executive is getting teamced by a leadership will stop >> i know that you have more up your sleeve for us. >> i'm looking at apple. withve celebrities personal data and personal photos hacked. the u.s. tech giant and the fbi have said that they are investigating. this will fuel concerns about data going forward. theyl have more about how

are tackling the breach. >> thanks. it is the third day of equity markets in europe. barclays says that you should overweight equities. johnson has the opening of the markets. deckday, it is back to the after the labor day holiday. a lot to think about. focusing on what is happening in europe and stateside. the people will be paying attention to manufacturing data. it has not been that rosy as of late. will the usb be the exception to the rule? there is a little bit of a tailwind coming into the recession. it is fairly small. we will wait to see what the ecb does later on this week. the story is more focused on

what is happening and eight dollar rate on a tear at the moment. people will be paying attention to that data and trying to and works how it fits with what the ecb will do next. story out of asia is japan doing well. the data was more positive than anticipated. income.s is on fixed that will be the story for here. there was an interesting piece talking about correlation between the fed and the bond market breaking down a little bit all stop -- a little bit. important than the u.s. data. whened seems to be timing

the first hike will come through. the question with the inflation story we are moving towards. happening onsports the ground in the ukraine. story, what central banks do, the liquidity, it is important for investors and we will work our way out of the program and in to the ecb. two may balance each other out. it will move the market for. interestingly enough, it provides bond markets, the surprise out performer of the year. it turns out that bonds are not a bad place to be. keep an eye on the u.s.. it will be interesting. i think it is european markets

and fixed-income stories related to what is happening that is the main driver. watch the data and what is happening in the buildup. back over to you. >> thank you very much. now is richard. he is the chief investment officer of capital management. thank you for being with us. the mpc the fed and going one direction. you have the bank of japan and the ecb traveling in a different direction. what is stimulus trump happening in the ukraine? i think it is an interesting theme of the coupling in monetary allah see around the world. we are seeing decoupling and growth trends in western economies.

you look at the eurozone and it has ground to a halt. up inve momentum picking the u.s. economy. diverging and decoupling all stop -- decoupling. this is the name of the game for the future. it is interesting that markets have not reacted to geopolitical risk as much as expected. not even the oil price was destabilized by what is going on in the ukraine or the middle east. that is the underlying resilience in equities. they are not looking expensive. thestors are looking at u.s. and seeing an economy gaining momentum. >> they do not look expensive. where would you prefer to be? is the last quarter and you

are setting yourself up for a new paradigm of decoupling. where do you position yourself in the back quarter of next year question mark is a a search for yields or dividends? how do you look at the market. >> we are not in the final quarter yet. >> make up your mind. not that far off. it is a difficult positioning and you have seen that in the performance of the market this year. what worked in the first quarter did not in the second. we should be working towards investments and stocks that are keyed into the investment cycle. there are financials. i talked about those and they have built up momentum. there is more to go on the financial side of the world that

continues to heal. it will be very driven and it is a case of what you need to avoid. you need to avoid areas of the markets and the stocks that struggle in the low-inflation --ironment and stop >> environment. >> the risks are enormous and you talk about financials. would it be european financials? .t is a broad map >> it is. it was excellent. wasrisk in financials bigger yesterday and the day before then today. >> why? >> the world is healing. balance sheets are being repaired.

there is underlying value there. >> we're taking a break. we have more to cover. with on the move. we are back in under two minutes.

>> this is on the move. streaming online. here is a stock on the move. it was on the radar and it has

changed. caroline will take you through this later. he steps down with a payoff. we will keep an i on it as a goes through. it is an interesting dynastic .tock this is -- says the secretary general. obama landed to meet with regional leaders. hans nichols is following the story.

what are the details with the nato operation? strikeforce to be deployed anywhere. most likely along the eastern borders. that is sea, land, and special forces all stop it is likely to be ratified with the nato summit that begins tomorrow. it comes with strong language from nato. he says that it is in direct response to aggressive behavior by russia. it would be naive for nato to not make these contingency plans. you mentioned that obama will arrive. the backdrop to all the increase fighting in the ukraine and setbacks, the ukraine says that

a great door has arrived at the doorstep of europe and it is a land war that europe has not seen since world war ii. it looks like this is a leader who is getting exasperated by the situation. >> it seems like a tougher stance. she says that this is russian aggression. she says there will be another round of sanctions and that the sanctions will have an economic impact on europe and germany. it appears that she is willing to take the risk. she said that being able to change borders in europe without consequences and attacking other countries without true -- with troops is a greater danger than accepting economic disadvantages for the economy. she says that this is not a conflict in the ukraine. it is between russia and the ukraine. strong language from her.

additional sanctions could cut russia off. the russian suffern debt is sold in europe. if they do not plan and other foreign debt offering until 2015. >> let's leave it there and see what obama's message is. discussing the markets is richard from capital management. it is potential action from the ecb that seems to be trumping anything to do with the russia -ukraine debate. what you expect from this? ?s it part of this thinking how you talk about the next move? >> it is interesting. it is a high level of expectations in markets and everybody really wants to see a little bit of magic. if they had a little bit of magic, they would use it and it would be apparent that the european economy has not been

recovering in the same way that the american economy has or the u.k. economy has been recovering. there is no magic. they will feel that it needs to be doing something or saying something. there will be a promise and may be some action. maybe they will cut rates. i do not think that the ecb thinks this will be affected. if he thought the quantitative easing was the answer, he would have instituted that. he is concerned that putting through a policy of quantitative easing will not be effective and knocked it into the economy that require the help. >> they require structural reforms, as well as the looking longest losing streaks, i have heard them say that the euro needs to drop to grow. how do you see the euro funding currency?

>> i think that the euro is likely to drift lower. i think if there was quantitative easing, it will push it down more significantly and the surprise we may have is that it weakens. all through the euro crisis, it was surprisingly firm and you would have expected it to be much weaker. the oppositeis in direction and they do not always do what you expect them to do. that is the thing i have learned. they are difficult to predict. europe has negative fundamentals at the moment. >> record low yields. european bond markets are setting the agenda. do you think that these moves in the bond market are overdone? tothere a justifiable case

touch the bond markets? ,> i think the risk and reward you are seeing low yields of lowth and an optimistic inflation. yields think that bond -- i think that central bankers are becoming worried. and have aurn negative reaction, there will be a liquidity crisis. yields have come down further. they offer value. >> if they offer less value, the search for yield, where'd you search for yield?

is that part of the conversation? yield, youch for look and it leads you to equities. that if you target income. there is yield. not in bond markets. >> we had lack rock and funds flowing. it was a move back to emerging markets. where would you go? >> we've taken a more positive view. the have done quite well.

we are looking at those who are more reliant and keating to the world manufacturing cycle. both sides have done quite well. economies in asia are looking slightly better. >> we are leaving it there. let's see what they do. great to have you. richard jefferies. up, it is compromise. allegations of a major security breach for over 100 celebrities. on the scandal and what it means for apple after the break.

>> welcome back. apple. the fbi is investigating that hackers used the icloud service. after or before the next product launch and their announcement. security spoke to a

expert. an ethical hacker. they found out how they can get the most digital defenses. >> my name is james and i am an ethical hacker. a large number of photographs and celebrities in positions in what might be the largest breach of celebrity data. it was posted to a large number of forums. lawrence,d jennifer kate upton, and kirsten dunst. 100 celebrities are included. it is not clear how the attack was executed. the hacker went online to a form and offered to sell additional images. in that post, it was revealed

that some of it was from icloud. let's have a look at a technique. we have a copy of the password reset page. it was hackers getting the password. this is a social engineering toolkit. i have created a clone of the apple forgot my password page. we are looking at an evil page. you type in a name, a password, or a date of birth. it provides information to hackers. -- it is possible that they could have been duped. >> let's bring in caroline hyde.

>> no naked photos. >> how serious is this? quite it is serious. it puts into perspective much concern about privacy and we may instill some of the nervousness in the cloud. there are many who think that the cloud is less safe than storing data. many juggernauts of the tech world are trying to change our views on this. this may reinstall some nervousness about having some of your documents in the ether. you and i use hotmail and gmail, we are putting data in the clouds. you have celebrities having their data and photos hacked. jennifer lawrence says it is a violation of her privacy. product.ey

>> that is the point. we ran a story that they are tying to tie up. my iphone and i swipe to pay for products. they cannot even keep my photographs. i do not have any nude photographs. the point of this is that, if they can't keep my naked photographs safe, why should i trust them with my money. >> you could sync up your iphone to your ipad and have an datastem where you access remotely. we have google doing similar things and other companies doing other things. this is a concern you want to sell off of this and you have nervousness creeping in. iphone.nched a new this is not the headlines they

want. >> thank you. behind a look at the man the french telecom giant. . company is going all out stay with us for the inside discussion.

.> welcome back hope trumps politics. barkley says to stay in european equities because she would be as coming down the road. the dax is up. they cut earnings. they say they have

underperformed. that is the remote possibility. equities are nice and brisk this morning. those your markets. these are the headlines. david cameron says that he will and givelines to share police the power to confiscate passports in response to the rise of the islamic state. he says that he is looking at movement >>estrict we are putting it on a statutory footing. and they will have to give us information on passengers lists. flightsdo not do this,

will not land and britain. >> barack obama says that nato theys by the commitments say they are planning a force of flexibility iner response to the alleged intervention in the ukraine. >> losing steam in the second quarter. unchanged in the three months to june. the economist estimate was of .5% growth. the weakest quarterly earnings. it shows that they were unable to make up for slowing exporters. the finance minister says that the 50 day conflict with gaza militants caused a small drop in economics. he says that tourism will be hard hit. and putgotkine is back

this in context for. it is an important part of the economic cycle down there. and accounts for 7% of the economy. the peak season is not august. nevertheless, it takes time for it to recover. said, we heard from the finance minister. he said that the economy is slowing down. they recommend that israel should widen the budget deficit to underpin the economy. say it could risk israel

losing credibility. it has had the desired impact of weakening the shackle. it will boost exports. that account for one third of the israeli economy. nevertheless, the economy will come down before the gaza conflict and it is likely to only make things worse. decisiono me about the to take 1000 acres in the west bank. how contentious is that, so close to this peace agreement. >> it is contentious. agreedhas only recently to the implementation of the cease-fire between israel and hamas militants in gaza.

relations between israel and the palestinian authority are frosty, at best. this land is west of bethlehem and on the other side is jerusalem. there is a final agreement with the palestinians, it is expected to form part of israel. nevertheless, it has been condemned by the un's secretary-general and described as counterproductive by u.s. and british officials. even by some members of the cabinet. they say that it would damage israel. the economy mr. supports it. he does not support a palestinian state in the west bank. he says of the punishments for the kidnappings and murders of the israeli teenagers. we will get the words from his mouth when i speak with the economy minister.

back to you. >> look forward to the exclusive conversation with the economy minister. do not miss that. over to india. climbing just to a record. makermes are a major drug in the picture. investors have been pouring money into the markets because of confidence in the new government that is helmed by the minister. we are joined now from mumbai. let's start with the biggest concerns. one is inflation and the other is the deficit. where are we in the benchmarks? there are hits and misses with inflation.

the new government has continued with a job generation scheme. increased. they had previously mandated that all fruits and vegetables can only be sold through government-nominated warehouses. it seems to have worked for the new government. there was no increase in investments. the fiscal deficit is the key highlight. the deficit target of the previous government and the height in prices. the biggest mess of the concern that the government is focusing too far with the vespa targets. >> what is the conversation we

have here in the run-up's to the elections. tos has to be a prime issue achieve. what are we seeing? int movement has there been drawing up the investment and in the governance? they were looking to implement governance. >> soliloquy. -- absolutely. let me talk to you about the key policies. they were trying to push it through and having stock. that had slightly better luck than the governments. they want to transfer products to india.

said that they are opposed to the move, as far as infrastructure goes. government has unveiled we have yetans and to see funding picking up for any of these products. what has moved on the brand is a detailed policy statement. >> thank you for the roundup. next, 1500 people dead from the virus. scientists will begin human testing of a vaccine that could stop the disease in its tracks. directly after the break.

>> welcome back. i am manus cranny. this is on the move. there is a huge subject on the global stage. peoplekilled over 1500 over west africa. vaccines remain elusive.

begin trials. joining me on the phone is the director of the institute. , great to have you this morning. talk about the vaccine and where you are in research and testing. where are we on the road to human trial? today.ink we are close in a couple ofre weeks. the program goes back 10 years. and a lot of collaborators have been involved. several companies. a small biotech company. the pharmaceutical giant is contributing to this program. coalitiond there is a of international organizations.

it is remarkable. give me a sense of how this is come together. is it a short space of time? there is a heightened sense of the disease. has instigated progress. >> it is unique. consider taking one year from the decision to do that, we are trying to do this in about a month. this came in the beginning of august. unlike previous outbreaks, this was not going away and it has now killed more people than every outbreak we have seen. what has happened is that a charity in london for funding the various partners has come together to design a series of clinical trials that would have started this month and may finish before the trials are goal isd will stop the

whoecommend or advise the on whether the vaccine candidate is worth deploying. it is unprecedented. guestsave a couple of through the morning time talking and theccines effectiveness and risks associated. what you need to see from these trials and results? to prove that you have a vaccine that is effective in containing or creating a defense against the spread of the virus? >> we look for three things. the first is vaccine safety. we are confident that the vaccine will be saved. the studies have an fine. our institute has used this type of vaccine in over 1000 people

for a different disease. the safety profile should be similar. the second thing we're looking for is a response. we need that to protect people against ebola. we need to figure out the right dose stop we are doing a study to figure out how little vaccine. it cannot go quickly enough to serve the population's. they desperately need vaccinations. the vaccine is being manufactured with the trials. >> is that the biggest challenge what are the biggest obstacles to implementing? nothe biggest problem is business case for private

companies. risk you would say is that the outbreak is called. afford to buy a vaccine. price you would need to make it. the only way for that i can see is the public sector coming together with the private sector to make stockpiles for diseases like these and have the stockpile ready when the next outbreak comes. >> adrian hill. thank you for joining us this morning. we wish you well in the endeavors with the virus. let's turn our attention to the

corporate's. the big luxury eyewear maker. it came to a head. the company will be managed by a triumvirate that includes the founder of the company, the cfo, and it unknown third entity. caroline hyde joins us. they put words in their. beingt is what is described. >> cryptic. >> he is the founder of the company. honest, he was put into an orphanage. he came out and worked in an apprenticeship. he is now the second richest man in italy. he came out with the phrase, "triumvirate."

he still owns about two thirds himself,e helm, leonardo and and rico. company andin the he has been taken to the helm. who will be the other? the italianhat press was speculating. >> could it be the sun? >> this is what we want to see. who will fill the whole? it is a bitter argument. >> 10 million euros of consensual. >> without argument. as you said, been at the home for a decade. we have been strong in guiding this company. price underhe share his tenure.

have a new era. three at the helm instead of one. it is not often that three is better than one when you helm a company. it seems that leonardo seems to think that this could go on a decade with three of the top. so far, the shares are down a little bit this morning on the news. this is a huge company. 130 countries that it is in. these are glasses that they make. they own and license fees brands. they sell 7000 out of the stores. 77 million frames made last year to put it in perspective. >> pretty phenomenal. you go through your life span -- your lifetime and how many brands touch your life? you spent a lot more money these days. thank you. triumphant>>

triumvirate. >> you learn something new every time. >> iamb not sure i am pronouncing it well. >> let's see how it goes. .uy johnson is in charge >> ceos are what we have for you. we have the ceo. airports and the the mayor of london proposing. where does that leave that? backing heathrow. we are talking to the ceo and get his take on that feature of the city. ryan chilcote is sitting down with the ceo. an interesting conversation. russian business and how it is coping.

the ukrainian situation casts a long shadow. we will get a take from him. we look forward to that and we will get a take from the middle east, getting a take from the economy minister. l it. can conducted that conversation. insightsof interesting into some of the biggest stories of the day. the future of london and the airports. what is happening with russian business. the fallout and the story in gaza. all of those stories are important over the next couple of hours. it is going to be great. >> i look forward.

>> the bedford t-mobile has been ejected and it is taking a toll. the company founder joins us now from more. he has been ranked number 84 in the bloomberg profile and is a colorful personality. >> not your usual billionaire. he made his first fortune on the internet and set up a sex chat service. he was involved in pornography

and had keep shows. >> sex sells. >> sex sells. he ise him money and trying to take over the world. >> a bit of volatility. who cares? he has a proclivity for risk that drives his ranking. >> his fortune is on the share price. that was above $10 billion before the t-mobile bid was announced. if they could do the deal and take on the debt. >> how do billionaires treat a man who made it in foreign? >> they were hands-off. then, she has been so successful and is more

celebrated. wins through in the end. we will leave there. that is it. join is tomorrow. all was on twitter thank you for being with us. .

>> the border. nato reinforces to determine russian of aggression. tosident obama heading deliver a direct warning to vladimir putin. apple security. the tech giant in the fbi fs again that hacking up between -- the tech giant and the fbi are investigating the hacking that led to nudes. seo ofation advisor and the airport.