fitch says pessimism on china is overdone. this amid rumors that fears over a hard landing will be left out

of a g-20 communique. he welcomes the stock market correction. >> it was a super bubble. a bubble of a bubble. when you go there and the taxi driver is telling you which stocks you should invest in. >> he says even a 10-year-old could see why the greek bailout was wrong. telling cnbc that no political party could stabilize an economy that's imploding. >> it's of the upmost necessity and has been for a few years now is to have an economic policy which ends this extend and pretend nightmare over the last few years. >> it is one of the most critical jobs report in recent memory. this could be the number that decide ws whether the fed will lift off or push out it's rate hike over the last month.

they're calling for an increase in 220,000 in nonfarm payrolls versus 215,000 in july. august tends to quirky. the jobs number is often inaccurate as many people are on vacation when the government conducts it's household and business survey. let's take a look at u.s. futures. stocks failed to hold on to gains. the nasdaq was down 17. here on friday we're significantly lower in premarket trade. the dow down 164 points in premarket. european stocks jumped on the heels of draghi's comments yesterday hinting that qe could be extended if needed so we did see a big rally yesterday but here on friday a very different picture. we are lower across the board. 1.7% loss. seeing a loss of 1.6% after a very negative night in asia.

that's something that they're watching. what it means for fed policy and the implications across the world. >> absolutely but that negative session is a big cause of the negativity here in europe today. we've seen a flight to safety ahead of the critical jobs number and of course over the last couple of weeks the the nikkei, the euro, they have been the safe havens. not the u.s. dollar because they have been used as funding currencies of course over the last year really. so we have seen the yen strengthen today and that negative correlation between the yen and the nikkei. very clear there. we have 2.15% of declines from the nikkei. let's get out to sri with an update on broader asia for us now. >> hi, as you pointed out on the japanese's markets there's no shortage of risk aversion and real jitters in our regional markets ahead of the key and closely watched nonfarms

payrolls report for the month of august. 7 month low for japanese equities. we closed 2.2% lower. yes the stronger yen is part of the reason. that was a drag on the broader market but it's uncertain as to which way emerging markets are going to go after the payrolls number. if we see a strong constructive lead are we going to rally hard on the back of that or are we going to fall sharply on the back of that? if it is a strong number it will build a case for a september lift off and that could cause risk aversion out here and hasten capital outflows if that's what the market is fearing so it's very hard and i think that's why we're seeing a fed degree of uncertainty in the markets here. sentiment though is still quite fragile because of china that's yet to draw a hard line on the throwing growth expectations so

really adding to the nervousness out here in asia. back to you now in london. >> thank you so much. let's look at the other top stories or what banks are saying about today's highly anticipated jobs report. credit sussie notices that august payrolls have been revised to the down side. they're belocon census number at 180,000. now analysts are even more pessimistic predicting payrolls growth of 170,000. they say august employment has missed consensus expectations in 21 out of the last 27 years. >> but at the other end of the scale barclay which is is forecasting nonfarm payrolls to rise by 225,000. the bank points to stable jobless claims and declines part time employment for their bullish call. we do want to hear from you on this topic. what jobs number would put a september hike off the table?

get in touch with us. i suppose that's the big question today. i'm not so bothers of how high it's going to be. it's what the crucial low that would put september back and i think it would have to be quite a lot lower. i still think they would want to consider september as a possibility so as long as it's above 185 it's still on the table. >> you think it's still on the table even though the fed fund rate is pricing in a september rate hike. it's a straight leg raising low chance of september actually happening but given the macro economic picture that's why this number is so much more porn because we know the external picture has been weakening and i don't know if 2015 is on the table and it's going to be interesting to see what she says about the picture. because he was very clear the

reason why he was downgrading his inflation and growth forecast. he kept saying the international picture in particular, emerging markets so clearly as you say that's a factor but in order to totally -- i agree that december seems much more likely than september. but to totally rule september out i'd go for 185. >> i think anything under 200 will get people talking. minneapolis fed president is arguing against raising rates this year. speaking in montana he says that's because inflation has been and is likely to remain below the fed's 2% target for sometime. the fed can furthered a the labor market by refraining from boosting rates. the richmond fed president speaks before the market opened today at 8:00 a.m. eastern. his topic is the case against further delay. >> emerging markets raised concerns about fed normalization. but reuters reports they will not urge janet yellen to hold off on raising rates.

steve is at the g-20 summit. let's get out to him now, steve. >> yeah and just carrying on your conversation about payroll it's all about not scaring the horses. you want it lukewarm because if it's too hot a number it will be in rate hike territory. they're all going to start worrying about global growth. so talking about the rate hike and concerns from the emerging market so many of the g-20 nations are suffering about concerns from the rate hike and china as well and the latter is about the resource story. about the fact that even though china maintains it's still growing at 7% those believe it's going to be growing slower. moody's thinks it will be 6.3%. it's the lack of commodity purchases that lead it slamming to that side. whether it's materials across

the board that frightened people in this market. you look at australia, brazil, canada, mexico, russia, south africa and saudi arabia. they're all selling product to the chinese and worried about it and worried about the deflation nary cycle that could come if the chinese need to galvanize themselves by a lower currency and aggressively moving their exports on to the world market and creating an inflationary cycle. that's very hard to obtain so i asked the secretary general about concerns regarding deflation. >> we've had a few months where we talk about deflation but now the latest drop in prices is coming because oil has dropped and because commodities have dropped. that is benefitting a number of economies. in fact, we have come out with a conclusion that's net positive but it's not holding back the recovery. except for some countries, look, my own, oil countries or oil

exporting country which is are suffering. canada has had negative growth because of the price of energy but in the worldwide net positive. so this is why we're having a pressure and prices. now the idea is precisely, you know, with the efforts that the europeans are doing, bank of england is still at it. the fed is taking longer to normalize because they see the writing on the wall but there's full awareness about this thing and everybody is working with hair eyes open and these are the meetings where you come to say okay, you know, it focuses the mind, you know? because you know you're going to be facing all of these guys and have a very good story to tell precisely to address these issues. >> here in lies the problem.

you have him talking about it being a net positive for the global economy. well the problem is part of the secret sauce always talked about in these circles is investment. they're implementation, inclusiveness of growth and investment as well and that was a key part of the plan last year. the problem is investment is falling off the cliff. we've seen the hundreds of millions of dollars being wiped out as they take products and moth ball them as well but we should see investment elsewhere and the problem is, seema, it's not happening and that's why because investment elsewhere out of energy is not happening to negate the negative factor which is are coming from that slow down in those resources and in the china sector. >> steve, how much coffee did you have this morning? >> how much coffee? i don't drink coffee anymore. >> you just naturally. >> i haven't drank coffee for over a year. i'm just naturally exuberant. i love my job.

that's why. >> i peel you. right back at you. quick question, fed policy has been a big topic of discussion at g-20 but do you think leaders in perhaps even markets in general are way too obsessed with when the fed will hike rates? perhaps the focus should be more on the path to normalizations verses the actual timing. wour would you agree? >> you make very good points as well and madam lagarde made the point that we cannot have them raising rates in this environment. she was talking about the bank of england but mostly about janet yellen and the federal reserve. in mortgage rates in the united states the 30 year rates had all but priced in a rate hike coming in september. the markets had all but priced in a rate hike coming in and then suddenly there was worries about china and worries about the effects on emerging markets and worries about what it meant for the dollar and the corporate

profits for the 50% plus of s&p companies and they suddenly started getting worried about all kinds of other things as well. i think it wuas factored in andi think it's part of the extra volatility in the markets again that a tiny little rate hike. we're talking about 25 basis points possibly is having such a great effect when it was already factored in potentially. why is that? that's because everybody is worried about broader global growth and the financial markets, the lack of liquidity and it's just a symbol rather than anything else. >> and it's the jobs report that could change the story when it comes to fed policy. thank you for joining us. >> stick around, analysts say star wars merchandise released today could generate up to $5 million worth of revenue for disney. more on that story coming up in two minutes. ♪

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let's get into today's top stories. gap's sales streak carried into august. reporting steeper same store sales declines down 8 and 11% respectively. in june the company announced it will close 175 gap stores in north america by january. down 22% this year. it's up today by 1.7% having fallen 4% in after hours yesterday. >> shares fell more than 30% in after hours trade. reporting lower than expected second kwar sales. the company was hurt by weak demand in the segment. also cutting it's 2015 sales forecast. shares are down about 60% this

year. >> donald trump ruld oed out running as an independent candidate after vowing loyalty to the republican party. he waved a pledge he signed saying he sees no circumstances under which he would tear it up. trump had been under pressure to signal his commitment to party after annoying several republican figures with his so-called no nonsense campaign. >> coming up on worldwide exchange we'll talk tech. specifically the competitive landscape in the smartphone and wearable device market. we're bringing in the president of lenovo to discuss those two things. we're back in two minutes. try the superior hold...

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fixodent. strong more like natural teeth. fixodent and forget it. whatsapp passed 900 million active users. facebook bought them for more than 16 billion last year and has yet to make money from it a study shows 3 quarters are on android devices. let's look at it coming for us shortly. the amazing thing about what's app there is the pace of growth throughout 2015 although scale gets harder the larger your user

base is. the question is can this momentum continue given that there's other messaging platforms out there like snapchat. that's more of a visual platform but these are doing quite well. >> and also so far have we seen facebook really put it's power and might behind whatsapp? no. it's still the own organic growth despite the take over and when it was taken over at 16 billion we're thinking that's another seat valuation but this rate of growth is incredible. >> with investors see this 900 million users as justification for the big acquisition they made last year. >> the japanese electronics giant says it's latest watch due out in october will be compatible with smartphones running on googles android system. >> lenovo has taken it's next

step in the smart watch wars with the release of the new moto 360 through motorola. it will be compatible with android and apple devices. the chinese giant unveiling a new version of its tablet at the ifa conference in berlin. joining us is the president and ceo at lenovo. thank you for joining us here on worldwide exchange. i want to get your thoughts on the release of your new smart watch because apple, samsung, fitbit, they're all competing in the wearable space. what sets apart your device from these players? >> at least a couple of things. one, we paid a lot of attention to technology and innovation but also to the design so we have been trying to design a watch that's really looking like a

watch and the other important thing can we can offer our customer the possibility to customize their own watch in a big number of different possibilities and, you know, watches pass all other devices and people want to carry something that fits with their own personal style. >> you remain very much in the pc market and the pc market remains very much in decline. what is your outlook for the pc market? is it a case now of just being the best player for as long as possible or is the market itself going to turn around and grow again? >> i think for sure the pc market is still showing negative growth. i think it will still come back.

probably won't see it come back to growth like we have been seeing two or three years ago. what is really different in my opinion is the refreshment cycle before it was two to three years and now it's 3 to 4 or five years but it will come back. it's probably going a little bit on the other side i thits very very clear that we see a consolidation process in the market with the big players getting bigger and stronger and suffering more. we see very good opportunity in terms of growth in the market. yes. >> thank you so much. mounting concerns around the slow down in emerging markets as of late. we have been seeing a lot of volatility in markets. i'd love to get your thoughts as the president and ceo of a major tech company, what are you seeing in emerging markets and

how is it impacting your bottom line? >> well, first of all, let me say that today lenovov is a very different company than years ago. we're very well balanced between the different regions of the world. when i look at emerging market it's too big for us but probably in the range of 30 or 30 something%. so more than 70% is not coming from emerging market and when we look at emerging market there's some market clearly slowing down some other market that we see growing nicely. i also think we have seen the things that we've see a few years ago. it will come back for sure. i'm not so worried about emerging market, frankly speaking. at least from our point of view. >> very interesting perspective.

president and coo of lenovo. thank you for joining us here on worldwide exchange. you can see more of our tech coverage from the trade fair in berlin. head to our special report page on cnbc.com. wilf is on it probably twice a day. >> at least. at least. >> no, well worth the look. a great page. >> in the meantime let's take a look at u.s. futures. we could be in for a rough ride on wall street. the dow indicating a 157 point move on the down side. all eyes on that jobs report. worldwide exchange we're back in two minutes. try the superior hold...

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the library never closes. it makes it so much better to do homework when you're at home. internet essentials from comcast. helping to bridge the digital divide. you're watching worldwide exchange and i'm seema mody. >> here are your headlines from around the world. >> risk off the table ahead of the critical nonfarms payroll report. a triple digit loss for the dow as investors pile into the safety of the yen. >> jobs number threatens to delay lift off. this as they say again that the central bank should not raise rates this year. >> fitch says pessimism on china is overdone. this amid fears that a hard

landing will be left out. he welcomes the stock market correction. >> it was a super bubble. a bubble of a bubble. when you go there and the taxi driver is telling you what stocks you should invest in. it's wrong. >> even a 150-year-o0-year-old why the greek bailout was wrong. he said no political party could stabilize an economy that's imploding. >> it's of the upmost necessity and has been is to have an economic policy and reform agenda that ends this extend and pretend nightmare of the last few years. >> it is the jobs data that could be key. economists are expecting another solid month of hiring. forecasts call for an increase of 220,000 in nonfarm payrolls versus the 2,015,000 that we saw

in the month of july. wage growth will be a topic of discussion given the lack of wage growth we're seeing over the last couple of months. inflation will be discussed ahead of the highly anticipated jobs report. we are lower. the dow down 154 points. nasdaq down 38 and the s&p 500 off just about 18 points. let's take a look at european markets. it was a dovish commentary from mario draghi indicating that qe could be extended given the weakness that we're seeing in emerging markets, specifically in china. that sent the euro lower and european stocks higher in yesterday's trade but given the negative session we saw in asia overnight the european markets are falling here. xetra dax down 1.6%. we're off by 1.5%. france down by 78 points and the italian market also down about 1.7%. >> pessimism over china's

short-term outlook is overdone. that's according to ratings agency fitch. it expects a pick up over the next six months. however the medium term forecast is less optimistic. the growth rate could slow to 5% as it gradually rebalances it's economy. let's get out to julia at the forum on the shores of lake como. what have you been learning today? >> the china story is potent here. people are concerned about whether or not the chinese government has got a handle on the measures they're trying to implemented. the reform measures and financial liberalization. i think the fitch comments are interesting. talking about see a 5% growth rate between 2016 and 2020. that's all well and good but if we're talking about a country that at the moment is saying they have growth of 7% when people believe it's far weaker than that, what does the actual

growth story sound hike if they're admitting to having a 5% growth rate? it's a question i'll throw out there but listen to the comments we're having from guests about their concerns with regathrds t china. >> it's a much more important problem than greece is for euro zone because when you see this transformation of the chinese economy liberalizations, to the extend that liberalization is taking place the chinese government is losing control of the economy and then it's going to be much more difficult to counter act any developments of its economy. >> if you go too low, like in the 3% then there's a problem of employment creation and political problem in china. so october and november will be a key moment whether we'll see whether the leadership in china wants to really tackle the

problem or to try to -- so politics matter also in china. >> we're confident they'll find ways to sustain the market and go to sustainable growth rates over the next two years. those rates won't be as high as before and nobody expects china to grow again. 10% in the future but 6 to 7% is quite natural growth rate for china and we believe that they will achieve them. >> analysts cite the 3 to $4 million reserves. but in order to use those they have to ale off assets. they have to sell dollars and sell euros in order to effectively have that pyre power to spend elsewhere in the domestic economy and politically very difficult what we've seen

already is selling off u.s. treasuries to be able to spend money domestically. china is obviously not the only hot button issue. also energy. i spoke to the deputy prime minister of russia and talked to him about the speculation we've had about whether or not opec and russia could come to an agreement over output. i asked him whether or not russia would be willing to cut supply. listen in. >> for russia, given the structure of production it's very difficult to cut supply artificially. if oil prices will be low enough for a long period of time, supply will go down in a natural way. >> russia was very willing to have conversation with the likes of lenses way la and countries struggling as a result of the lower oil prices but he wouldn't make a distinction between the

conversations they're having now and the conversations they've had in the past when we've seen oil price moves. i asked him whether or not russia would blink first given the pressure they're putting on many of the economies including opec and he said no. quite definitive on that point. obviously beautiful weather as well which we can't complain. back to you. >> julia, thank you. it looks lovely out there and great coverage and more from julia on monday after plenty of interviews coming this weekend from that forum. greece's syriza party is still confident of winning the election despite polls suggesting the new democracy party is making ground ahead of the vote. speaking to cnbc earlier, he said he will not endorse alexis tsipras in the upcoming election calling the political situation, quote, toxic he says the nation's economy is imploding.

>> we have been having these mous that were not worth the paper they were written on. any sensible -- it doesn't even need an economist to take a look at them. a 10-year-old would know if you had a debt which we did in 2010 and you try to solve it by pretending it's a problem of liquidity and piling up on it the largest loan in history on contingents that would shrink the incomes from which the old and new incomes will be paid, a 10-year-old knows that cannot end well. >> still to come, facebook's big investment on whatsapp maybe paying off. details after the break and what it means for facebook stock. nt'g of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks,

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. welcome back. let's have a look at european markets which are in the red at the moment. down 1.8% for italy. this follows a strong rally yesterday after mario draghi's dovish commentary and overnight a disappointing session in asia which has weighed on markets here in europe today. >> yesterday stocks failed to hold on to strong gains in the u.s. but of course ahead of that jobs report we're looking at stocks relatively lower in premarket trade. the dow down 137 points nasdaq down 35 and the s&p 500 seeing a

suggested open lower by around 17 points. let's talk more tech. facebook paid more than $16 billion to buy whatsapp last year in a move that may be scratching their heads but they might be justifying that valuation. let's get out to landon for more on that story. >> good morning to you. he says the popular messaging service has passed 900 million monthly active users. only hit the 800 million milestone in april and 700 million in january. facebook paid $4 billion in cash and $12 billion for the company last february but the cost could rise to $19 billion with getting $3 million in stock. it charges users 99 cents a year to send and receive messages. it generates $16 million in revenue in the first half of last year but in may facebook's

ceo says there's long-term potential. as many as three quarters of whatsapp's users are on android devices but they recently rolled it out for iphones. they hit another one with 1 billion installs on android making it the second nongoogle app to reach that mark. it could see more growth in june. amazon's kendall app added a share button for whatsapp and facebook messenger. 44 million people tried apple music. it came in just behind twitter and ahead of snapchat and was the second most popular app for music behind pandora. but how many people will stick

around once the three month trial period ends this month. >> thank you. a phenomenal growth story here. they were at 800 million back in april and here in september they're at 900 million. they've seen such a strong up tick within five months. >> huge, huge, growth. still not really monetizing it though. >> how often do you use whatsapp. >> i use it a lot but it's free. and if they started putting advertisements on it we'd start texting instead. >> but you know they're salivating. >> i said this twitter. all you should do is charge everyone two pounds a year. we just heard how many active users a year. who wouldn't pay 2 pounds a year. >> a lot of people wouldn't pay. >> people are really imbedded. >> 2 pounds. >> 2 pounds a year.

>> i'm cheap when it comes to my tech products. don't make me pay. >> twitter could announce it's new ceo today after a three month search and reports suggest the man already doing the job could be handed the title perm nanltly. share versus fallen around 20% since he announced his resignation. aside from co-founding twitter his other fame is found on his face. his beard has garnered plenty of attention and he has been judged on his appearance as ceo. is there magic in that beard? well, cnbc sent our options trader along to jack dorsey's barber for a trim and a chat. the famous ponytail made it out alive. >> would you ever wear a beard here? >> i used to have a very full beard about two or three years ago and i was told it had to come back off again. >> i see. sounds good. let's take a look at the other

top stories at this hour. a u.s. grand jury indicted the london day trader prosecutors say helped contribute to the flash crash in 2010. the justice first announced criminal charges in april including wire and commodities fraud, commodity price manipulation and attempted price manipulation. it's seeking to extradite him to the u.s. to face trial. he was freed last month and accused of using an automated program to spoof markets by generating large sale orders to push down prices. prosecutors say he cancelled those orders and bought contracts. >> another high profile hedge fund manager suffered big losses in august. the $80 million bridgewater all weather fund was down 4.2% posting a negative return of 3.8% year to date. it uses a so-called risk parity strategy but not simultaneously. it's a popular investment for

pension funds and they marketed it as a way to hedge market turmoil. >> they won the rights to auction the $500 million estate of its former owner. the u.s. shopping mall mogul died in april at age 91. he was in a price fixing scandal when he was chairman. it includes works and if successful it could top the record setting $477 million sale. you liked how i pronounced that name. >> i learned some things from being here for a year. >> you've been to france and spain. >> no longer just an american. >> absolutely not. >> may the force be with you. new merchandise for star wars goes on sale worldwide and

whatsapp monthly users topped 900 million. we're back in a couple of minutes. nsh

. welcome back to the show. wilfred and i have both been on worldwide exchange for one year and it's my last day so we decided to make this segment chart of the year versus chart of the week and in my opinion i'm going to go first here. this is the chart of the year. it's the euro dollar trade. there's been no other chart that telegraphs the ecb's policy move than the euro which is now down about 15% against the u.s. dollar over the past 12 months. sure it strengthened a bit given the uncertainty around the fed and when it will hike but yesterday is a example of how mario draghi can use dovish rhetoric to weaken the economy

and it's been a big part of the european economic rebound. that's why i think for this past year this is really the story. the euro. >> a great one to show how monetary policy is differentiated around the world. i'm going to go with you for the china a share market for the story of the last year. more because of what's happened the last three months than the prior nine. an extraordinary rally. here on june 12th it was up 65% year to date almost up 150% over the prior 12 months. an extraordinary rally in the face of the overall economy starting to slow. that did pop as we know to big sell offs with a little bit in tweec between as that rahal hi did come down. lots of leverage there and we're now down such as we're just about flat year to date but still, in fact, up over the last 12 months. up some 37%. the one lesson really, it wasn't correlated with the fundamental economy on the way up, thus on the way down, not necessarily

pointing to a weaker economy but clearly as the market has come down it's been a big factor in the last couple of months. >> it's been two big stories, right? the fall of china and the economic rebound we're seeing in europe and whether it's actually sustainable. >> absolutely. >> but we have to bring in someone else into the discussion. chief options strategist. what do you think has been the chart of the year? depreciation in the euro or volatility in the shanghai market? >> it's tough to vote against you there seema but i think the shanghai chart tells a big, big story. it's still up 40% over the last year. that shanghai index went from 2,000 to 5,000 and then back down. we're at 3100 now. we're still positive on the year so that market lacks sophistication and participation so for people to hang their hats on that decline as a global barometer they didn't appreciate it on the way up.

why would they say that it's going to be a catalyst for a down side move if all of the stock markets. >> allen, you didn't get the memo. it was seema's last show. she was meant to win today. i appreciate your call. let's bring the discussion back to the short-term. what are you expecting and what number does it have to remain above to keep a rate hike this year in play? well, 200 is the psychological number. i don't think the fed is going to do anything as far as the situation stands right now because i'm more concerned about deflation than inflation and there's no real reason to raise the rates right now. it's not going to change the dynamic or the choice for people to get out of stocks and go into treasuries if rates go up an extra quarter percent. it's important to see how the market behaves on a weekly basis after the positive reversal last

week. let's see if we can stabilize this week. we're down by 1% early but you've seen the vix come down this week. it's half of what it was last month. things stabilize a little bit. if you remember this same exact movie played last october and things rebounded and it came back and made new highs once again. >> is good news on the jobs front good news for the markets? how should one position themselves ahead of the highly anticipated jobs report, allen? >> well, there's not much you can do. the number comes out and the stock market opens up an hour later but i like the beaten down areas and it's a positive to see energy stocks bouncing back and you're seeing the other areas bounce 10% off the lows so that long downward trend may be over and that could maybe add a little bit more stability but look at the tech stocks. you can look at the queues as a way to play apple long-term. there's a lot of potential and you keep talking technology, the

future is right and those companies will figure out a way to monetize it and make money and i look for that innovation to continue. >> thank you for joining us as ever. have a wonderful weekend. >> now, seema, it's the end of our year on air together. i don't get it? do you not like london. >> to my surprise we have actually become friends. >> i wasn't expecting that. >> to your surprise. >> i was surprised. i don't know you were this british man. i didn't know anything about you but i'm so happy that we've had the opportunity to spend time on air and off air. it's been a delight and joy sharing this desk with you and we have gone through a lot during this past year. >> i have indeed. it's not to my surprise but i agree on the latter part of that statement. it's been my first ever year on air and i'm delighted to have spent it with you. i want to ask quickly you also travelled all around europe. what's your top city?

>> iceland. everyone has to go from ice climbing to hiking through caves it's one of the most amazing trips and i've been ten countries, 35 cities over the last one year. it's been quite fascinating. >> i know you love nasdaq. i know you love millennials. where does london rank? will you come back to london. >> you never know. you never know. america has new york but the world has london. this is the international melting pot. >> maybe you should stay and run for london mayor. >> candidate ifs you're looking for a great selling point that's a good line. >> intelligent, whitty, professional. that's some of the words i would describe myself as but you have been amazing wilf. it's been fun to see the progress. best of luck. >> it's a great loss for us here in london. have a great time back in the u.s. and safe trip. >> i'll see you soon, wilfred. thank you so much. i'll see you back in the u.s. that does it for us.

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good morning. on top of everything else it's jobs day. it's the last major snapshot of the economy before the september fed meeting and it could help seal the deal or not determining whether sennal bankers decide to start raising rates here. donald trump takes the pledge promising not to run as a third party candidate but then he faces one of his first foreign policy tests and may the force be with you. star wars fans lining up for the midnight release of movie merchandise and items flying off the shelves from coast-to-coast due to the dancing storm

troopers. what happened? i did say that. it's friday september 4th, 2015 and i have some very mature cohosts. squawk box begins right now. >> live from new york where business never sleeps, this is squawk box. >> good morning, everybody. welcome to squawk box here on cnbc. i'm becky quick with joe kernen. andrew is off today. our guest is mike. he is senior columnist at yahoo! finance. we also talk about what happens with drones. the potential damages and things that might be happening with