dell bets big on china. the firm pledges to invest $125 billion into the country over the next five years and this is in a move it says will create over 1 million jobs. >> but growth concerns remain after another round of disappointing data from beijing. the premiere league says the economy is not heading for a hard landing.

this follows a late day drop in dow. >> keep on tracking, they buy conway for $3 billion which could increase it's annual revenue more than 6 fold. >> coming up on the show, downgraded to junk. and can lulu lemon turn investors into fitness fanatics? we break the latest results later in the show. >> u.s. futures are indicating a higher open when marks kick off. the s&p 500 imemployed open slook at gains of 8 points. dow jones up 63 points and

expected to see gains of 13 points. let's check in on the dow charts. yesterday we did see a down session. lower than 1.5% at the end of it all and being weighed by a lot of names including technology heavyweight. apple now a dow component seeing a decline despite the roll out of a lot of new gadgets. a 12.9 inch new ipad pro that comes with a new $99 pencil. despite the roll out and financing schemes and apple tv and iphone 6s we were lower by the end of it. investors weren't all that impressed. >> they weren't. in the u.s. a lot of viewers are just waking up to the trading day and waking up to the show and they're seeing you on the show for the first time. welcome to worldwide exchange.

great to have you on board. let's show you what european markets are doing after three days of impressive gains. a little bit of profit taking. in asia, the ftse 100 off by 0.8%. we're off the session lows. the xetra dax off by half of 1%. the apple supplier is not doing so well in germany as well. in terms of the asian trading session, well, this is what we saw. the asx losing big trading range but 2.4% at the end of the session. nikkei 225 off by 2.5% as well. >> right as we said in the headlines dell is betting big on china. the computer maker plans to invest 125 beside in the country over the next five years. the company says the investment will add $175 billion to imports and exports sustaining more than 1 million jobs in china.

last year michael dell spoke to cnbc about the importance of doing business in china for his company. >> we continue to invest locally in china. building our business there. building up relationship with local suppliers and partners and it's got it's complications as you suggested but it's a large and super porn country for us to be participating in. >> in 2010, let's remember, dell announced it would spend $250 billion on procurement and other investments over the next decade in china. it's the second biggest market outside of the u.s. they're coming through with a larger amount of that investment today. very interesting to see this. we might be bulls or bears on the market with china but the fundamental economy says this is a clear indication of where the foreign firm wants exposure to the growing middle class and

make use of the significant manufacturing case. >> but china with a lot of the corporate earnings we saw in the second quarter and a big name like dell is willing to spend $125 billion. that's a huge number. i had to do a double take on that figure early on, right? but you know dell as we speak to the asia pack president each and every year he says look asia is a growth spot for us. japan is doing well and they're continuing to fund expansion. >> they have been in china 20 years. they know the market and also know thats best to go through with partners because if you go there alone a lot of companies have run into trouble so partnering up with someone else usually yields the biggest success and then another point, dell is private. it doesn't have to explain itself to some of the shareholders as in the past. maybe this investment from any

other firm listed would see more scrutiny. just the thought. >> but is this still the growth spot for dell in traditional pc markets? >> they're also going through a lot of the business cycle as well. the upgrades and a lot of companies, believe it or not, because we're still moving up the income chain, right for a lot of individuals, a lot of people will still go out and buy pcs. it's nod a saturated market just yet for them. >> anyway, huge investment. >> let's talk about china and what the chinese president is doing. he is going to meet with president obama at the white house on september 25th and this is part, of course, of his state visit. he's also expected to meet with top u.s. lawmakers but not give an address to congress. the wall street journal reporting that while he is in seattle on the 23rd he will attend an event with leaders of top it firms. tim cook reportedly among those being invited.

meantime we have the chinese premiere who says he's confident the chinese economy will overcome the recent jitters. >> the key message to put across here is that china is a continuing source of growth for the global economy. not a source of risk after the recent stock market volatility. one of the other key points he wanted to make was that the it would not be competitively devalued. china is not embarking on a currency war. i asked him why china needs to liberalize the currency but not devalue. >> china becomes such an open economy and such a big portion

of the economy and make it more market based and flexibility it's a good thing for china and the whole world, the vaster key issue is need a standard principle of the requirements. >> there is clear concern that china is slowing down. the official growth rate target is 7%. that remains the on swrek tif and they c -- objective and they'll make measures to do so. there's likely to be further monetary stimulus before the year is out. particularly if the data points continue to come in weak. this is the world economic

forum. >> the fed must stand still on rates according to u.s. secretary larry summers. he says the federal reserve should resist the urge to pull the trigger amid global growth concerns and pull back from wall street. >> meanwhile they have called on janet yellen to lift rates sooner rather than later. the senior deputy governor blamed uncertainty for the recent market turmoil. officials have made similar comments recently. >> how likely is a rate hike next week? one analyst says there's several reasons why the fed won't take the plunge this month. they include fragile marks and there's two more opportunities for the fed to raise rates this

year and larry summers did cite that. we're still looking at a rate at a record low. the markets have done the tightening for the fed really. you lost it over the last two weeks so no reason to go right now. >> i think of those 7 reasons, lots of people cite them in different ways. market is doing a bit of tightening on its own which does allow it to trade a little bit. the trade waited dollar continued to tick up. over the course of the last six months the other point there's still two meetings this year. they can wait a little longer. >> no one thinks they're going to go in october. >> there's no press conference but we had so many guests on the show the last couple of days that said why not go in october.

they said stocks go up and bond rates goes up but gdp also goes up. rip off the bannedd-aid and hik >> i think september is relatively likely. i don't think that china volatility, market volatility itself will concern them. if it had been the day before the meeting that we the volatility we saw then fine maybe but unless it's right there and clear and present in the fed's mind then they are focussing on the fundamental data of which lower chinese growth is relevant but just a share market volatility i don't think that's relevant and i think they want to see what happens once there's a little bit of positivity in the economy. >> we'll see what happens over the course of the next week.

that could be crucial. >> we do have the fed rate hike next week. let's check in on jobless claims due out at 8:30 a.m. eastern time. new filings are expected to have dropped last week. initial claims have been below the 200,000 mark for more than 20 weeks and at 8:30 we'll get the august import price which is may show that the strong u.s. dollar and soft global demand is keeping inflation in check. at 10:00 a.m. july wholesale trade data being released and another report card comes out early. lululemon to report in the next half hour of so. we'll take a breather but still to come on the program, what did apple cook up in it's kitchen? the new products and what this means for apple stock.

i say we go all in on the internet... of things. what we're recommending as your consultants... the new consultants are here. it's not just big data... it's bigger data. we're beta testing the new wearable interface... ♪ xerox believes finding the right solution shouldn't be so much work. by engineering a better way for people, process and technology to work together. work can work better. with xerox.

without the internet i would probably be like a c student.

internet essentials from comcast has brought low-cost high speed internet into the homes of hundreds of thousands of low-income families. it lets students do homework and study at home. so far more than two million people across america have benefitted. internet essentials is going to transform the lives of families. i see myself as maybe an entrepreneur. internet essentials from comcast. helping to bridge the digital divide. welcome back. let's take a look at today's other top stories. keep on trucking. you did that very well. very tina turner. xpo logistics is buying conway.

it does include debt and one of the largest freight transport and logistics providers in the united states. xpo is paying $47.60 for conway which is a 32% premium for wednesday's closing price. they made more than a dozen acquisitions over the past four years says this deal will increase it's annual revenue to $15 billion. con-way rose 33% in after hours while xpo fell 2%. so i'm not sure what the markets are saying about this deal. maybe they don't like it after all. >> let's get back to our top story. apple shares losing 2% in wednesday's session as tim cook unveiled the company's latest suite of products. while some were underwhelmed most liked what they saw. two firms maintaining an overweight rating.

>> we are about to make some monster announcements across several of our product lines. >> a play for dominance in your living room, a big step in the enterprise and under the hood upgrade on your wrist and in your hand all unveiled wednesday afternoon in san francisco as apple gears up for the key holiday shopping season amid a sliding stock price and investor concerns about a slow down in iphone sales. one of the big worries, china. but cook announcing on stage that the company saw 75% year over year iphone sales growth there. the iphone 6s and 6s plus featuring enhanced camera and video capabilities along with touch which is a new way to multitask on our phones in a fluid way. apple announcing a new pricing and upgrade plan. pay $32 a month and upgrade phone every year but will it ease investor concerns about the stock. >> you have less than 30% of the

customers that upgraded to 6 and this is really now going to be the catalyst and it's a white knuckle situation but they laid out that product road map on iphones and apple tv and the ipads. you walk away from here incrementally confident. >> much of the attention focused on the refresh of apple tv three years in the making. the new set top box addresses the needs of the next generation of mobile and at home viewing. >> we believe the future of television is apps. it's already begun. >> it integrates siri into a remote and will allow you to shop and play games. it will be available in the next two months. from the living room to the conference room they introduced a new ipad pro. a 12.9 inch device which is the

clearest expression of personal computing and it comes with an optional keyboard and stylis called the am pencil. a product steve jobs famously hated but if the pro reenergized sales that plateaued recently there could be a lot to like for investors. for cnbc business news, i'm josh lipto in san francisco. >> guys we talked about the product relaunchments and announcements i want to talk about the stock. investors were underwehelemed. a lot of people are saying we're too pessimistic on the stock. it's trading at a 43% discount from the nasdaq. 12 times 2015 earnings is what it trades on verses the s&p average of 19. this is a really cheap stock and

even though there's high saturation in the iphone market which is is the biggest revenue driver it's still worth a buy. >> the iphone aspect is still the key driver for earnings and as you were pointing out earlier, an s year of launches when it's a small upgrade doesn't tend to feed through to margin and earnings that well that year compared to when it's a new number. so that's really important. the other point which people are make as well, even though apple tv itself underwelemed but the rating it could command would be much higher than what it is now and as it does transition to apple music rather than itunes perhaps apple tv and con ten sales in the future that could be a transformational moment. it's something to bear in mind for the long-term. >> if they get the content deals and that's been very difficult with the networks.

that could be a big game changer but only then we could see a bigger rating. if they don get that, apple tv isn't going to be a huge thing. >> what do you think about the new financing deals? >> we see the carriers offering that, yeah. >> but are they shooting themselves in the foot? what about the recurring revenue streams? >> it's not from apple itself. it's from the likes of -- i forget which carrier it is. they say look buy this model, one of those and they say they will send you one. so it's not so much on apple's court the financing of that. but it's on the networks but i'm a bit of a sucker for a new model coming out. i'd consider it. >> i guess they have to find some ways to make money since subsidizing these new iphones have been going down each and every turn out, right?

>> fends which markets they're in. that's still very much the dominant model in europe in terms of buying a mobile phone. anyway all focus yesterday was on apple and samsung, sony, they'll try to change that. they trolled the apple launch on twitter. head to cnbc.com to read about that political aspect of the launch. >> quick check of the european markets as we head for a break. we're lower today after three days of fairly impressive gains. the ftse 100 tracking lower. similar declines for the xetra dax and cac 40 up by 0.75%. >> a lot of red on that screen including what i'm wearing today but u.s. futures telling us we'll see a higher open. more green implied open for the s&p. up 8 points. dow jones should be up 69 points. nasdaq right now is looking at gains of 16 points. we'll get you more on worldwide exchange after the short break.

welcome back. dell commits to a $125 billion spend in china. apple falls nearly 2% as investors react to its latest lines of products and xpo logistics buys con-way for $3 billion.

the u.s. justice department issues new guidelines making those involved in white collar crime a major priority. sally yates that wrote a memo out lining the rules will give a speech today at law school. yates saying that companies won't be allowed to let low level employees take the blame in these criminal cases. >> s&p stripped brazil lowering the country to junk status. the agenercy could lower again the coming months. they cite a back pedaling by the cabinet over fiscal policy. >> russian forces started taking part in military operations in syria in support of the government according to media reports. this comes after john kerry spoke to his russian counter

part to suggest concerns in the nation. hadley joins us with more. this sounds worrying on the face of it. is it as bad as it sounds? >> basically what you have over the last 48 hours secretary of state john kerry and lavrov have been talking on the phone. you have u.s. aircraft and turkish aircraft against assad and isis and hezbollah backing assad and now the possibility of russia backing assad as well. but these reports started surfacing last week in israeli newspapers and this was around the time that they announced this a couple of months earlier but they began to put more military equipment in eastern europe so it begins to look like

that between russia and the united states. >> making profits straights, we'll bring you lululemon's second quarter earnings hopefully in the next 30 minutes or so.

i was going to the library to do my homework. it was a little bit of a walk to get to the bus stop. i had to wait in line to use the computer. took a lot of juggling to keep it all together. what's possible when you have high-speed internet at home? 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. welcome to worldwide exchange. i'm susan li.

>> i'm wilfred frost. >> dell bets big on choo in a. the firm to invest $125 billion into the country over the next five years in a move that will create over 1 million jobs. >> growth concerns remain after another round of disappointing data from beijing. the premiere says the economy is not heading for a hard landing. >> u.s. futures in the green despite a broad sell off in europe and asia. a volatile late day slide for the dow after the product launch soured the move on wall street. >> keep on trucking. xpo logistics buys con-way in a deal that could increase the annual revenue more than six fold. >> we have earnings hitting the tape from lululemon.

that's slightly higher than what many analysts had expected. we're seeing a print of $453 million. that also seems to be somewhat higher than expected. they seem to be continuing the positive trend and positive momentum that we saw materializing in the first quarter. keep in mind this company has beaten earnings expectation every quarter. go back to 2009. with exception, one quarter, that was the first quarter of 2014 and we're going to be talking to an analyst a little bit later on in the show. she has a buy rating. we'll find out why. all right. susan, let's have a quick look at the markets. how are we looking in terms of u.s. futures. >> let's take a look at u.s. futures. despite the fact that we're looking at declines across europe right now and a sell off that we saw in asia overnight, it looks like the u.s. markets are going to see a bit of a rebound today when they kick off. we have the s&p 500 looking to be higher by 13 points. the industrials, the implied

open right now is look at triple digits so we're higher by 102 points and apple surprisingly despite the product launch and rolled out a whole lot of products and upgraded apple television and brand new ipad pro which gets you 12.9 inches, we saw the stock declining 2% or so and also we did see the financing scheme being announced so for 32 whole dollars a month with your carrier you could be getting the new upgrade and refreshes of any new apple products in the future. >> which is an interesting perspective and underwell ming the market yesterday with that launch. you mentioned that we saw the u.s. markets slide toward the end of trade yesterday. they slid throughout the day. that took the steam out of european markets by the end of trade but european markets did still close positive by about 1

or 1.25%. they're now playing catch up with how the u.s. closed yesterday and how asia was overnight but as you look at things here, weakness, not too much weakness given strong gains the day before. ftse 100 down about a half a percent. france and italy down. i also mentioned that asia was weak. this follows a very very strong day the day before in asia. the nikkei was up 7.7% so the fact that it's now correcting 2.5% not too bad and china was strong the day before as well. weak today. it does come off the back of some mixed data. inflation from china was good. >> well, you know, that's a market. let's talk about sports. the 2015 nfl season officially kix off tonight with the

pittsburgh steelers travel to foxborough to take on tom brady and the new england patriots. kick off weekend coverage begins at 7:30 eastern on nbc. the sunday night football team then travels to dallas where tony romo and the cowboys will host the rival new york giants and are you ready for some football? well let's talk about it. joining us live from philadelphia we have reggie wilkes, vice president of merrill lynch investment managers but before that he played ten years as a line backer with the philadelphia eagles. so reggie, are you ready for some football? >> well, first of all, good morning and i absolutely am. i am so happy that we are past at least for now this whole thing about deflategate with tom brady. we can get back to real football with this huge market cap industry. i'm looking forward to it.

>> what about the eagles then? let's talk about a team near and dear to your heart. cutting tim tebow and sam bradford playing football at quarterback this year. >> well, listen, i think the eagles have the best team that i've seen in the last ten years under chip kelly. the offense looks great. sam and demarco murray. the only question i have is their defense. the offense is on the field 30 to 40% of the time. it will be the defense that's going to have to keep the teams from scoring 20 or 21 points a game. because the offense is going to score. >> i have a slightly leftfield team to talk about. arsenal in london who are owned by stan so i wanted to ask about the st. louis rams. have they got a chance this

year? >> i think they'll compete but i don't believe they'll make it to the super bowl at this point. they fight it out and on the afc side i like new england and my surprise team for this year is kansas city and i think at the end of the day we're going to have a good story line with the eagles and the kansas city chiefs ending up in the super bowl. wouldn't that be a great story line? chip kelly and andy reid? >> fantastic story. let's talk about your current day job. you're an advisor to many football players, former football players as well. what are your telling them in this market environment.

>> we have three principles in investing. that's liquidity, diversity and equality. we believe in the modern portfolio theory which means we need to manage risk by looking at rebalancing their portfolios. so the story is buy low sell high. i have a good team on that help me with this so we're looking at that asset allocation. we're not panicking. we have been through this before. we'll get through this. the big issues right now are as you know, china. and once interest rates start rising if i'm following that protocol it would be the international markets and perhaps oil. it may be early but those are the kinds of things that my investors are looking at and we're just trying to counsel them not to worry. that again we'll get through

this. we have been through this so many times. >> you're a good example of a person that's able to transition out of football. i'm just wondering since we made up this lovely graphic of the top ten draft picks recently, what advice would you give them with the number one pick of course getting $25 million contract. how do they, i guess, prolong their wealth after football. >> great question. and again what we do with our players is we always tell them to think about the end at the beginning. jameis winston is going to make over the next four years $26 million. the first thing you think about is taxes. so he'll only get perhaps 60% of that money. that's about $15 million and over a four year period the way we like to service our clients is talk about saving. talk about -- and that leads to the discussion about their spending. we try to put them on a budge. so in the case of jameis -- and

i'm not trying to criticize the person he may be working with, but if we were working with that type of player he would have a budget. he would spend a certain amount for the next four years and the goal would be to save with that 26 million after taxes at least $12 million so that if he never plays the game again he has enough in the bank that at 5% he can earn a descent living and live off that for the rest of his life which could last another 60 years but the key is for them to think about their spending and i have a great team of guys. i have a young man out of harvard that was also an attorney and wanted to go into the investment advisory business and he does budget reports for these players and we constantly look at every penny they spend and try to help them focus on what they're spending their money on. whether it be housing, entertainment, supporting their families but the key again is thinking about the end at the

beginning. this thing could last a year, could last five years, could last ten years. >> thank you so much for joining us. hope you enjoy the football. more importantly we hope you enjoy your investing as well. vice president at merrill lynch investment managers. >> let's look at today's other stories as well. square the mobile payments company founded by twitters interim ceo set to launch it's ipo in the 4th quarter this year. the timing is subject to market conditions and reports say that square filed confidentially to go public in july seeking to raise $2.5 billion, at least, in what would be the largest u.s.ipo this year. >> box reports it's 2nd quarter revenue rose 43% beating forecasts as more customers signed up for its cloud storage and sharing platform. the company that went public in january is also raising it's sales forecast for the second

time. however it's net loss widened as box continues to spend heavily on marketing. shares rose 3% in after hours trade. as you can see in german trade up almost 5%. now box founder and ceo will be on closing bell today in a first on cnbc interview. that's at 3:30 p.m. eastern time. >> we're heading for a quick break but still to come, details on a major merger in the trucking industry that could make one company the new king of the road. that's coming up next.

there's a major deal today in the business of shipping goods, gadgets and gismos from point a to b and for all the details we'll go from london to new york. landon has all the details for us at cnbc hq. >> good morning, striking a deal to buy u.s. trucking company conway for $3 billion including about 300 million in debt. xpo will pay $47.60 a share for con-way. xpo says the deal which will make it one of the largest u. providers will increase it's annual revenue more than 6 fold to $15 billion. xpo ceo was in talks to buy it a

few years ago but that fell through. they handle goods for many different shippers. often retailers on the same truck. the company struggled this year. slightly less than what it posted in the same period a year ago. second quarter earnings missed analyst forecasts and the stock is down 28% year to date. this deal puts xpo directly in the u.s. trucking business for the first time and has primarily worked as a middleman between shippers and carriers but jacobs tells the wall street journal by operating it's own fleet of trucks it can secure bigger contracts with customers. they made more than a dozen acquisitions since 2011. in june it bought the french trucking firm for $3.5 million. the deal is likely the last major one for the company in the short-term but he's not ruling out smaller purchases. conway rose 33% in after hours.

con-way is up 25% while xpo is off nearly 6%. over to you. >> thank you very much for that. now as we head to break we'll remind you of the headlines. dell commits to a massive spend in china. apple falls nearly 2% as investors react to the latest line of products and lululemon beats the street as same store sales rise 6%. we're back in a couple of minutes. can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive?

we're talking about that story earlier of possible russian involvement in syria supporting the assad regime. some flashes coming out of the kremlin now. the spokesman declined to comment on whether russian troops engaged in combat in syria. the same spokesman said that putin will address the issue of syria and islamic state in a un

speech later this month. so until then it seems like quite considerable uncertainty on that issue. okay. let's talk earnings. lululemon's net revenue jumped 13% beating expectations. they also lifted it's full year guidance. let's talk more about that. joining us live is the senior retail analyst and managing director. >> revenues were better than expected. same store sales were also above expectation and they raised the guidance. they're continuing to knock the cover off the ball from a product standpoint and that's why they're still the top in

their sector. >> shares have risen 26% over the last year. you have to wonder if they're too stretched here. but you say shares at this level are still undervalued. >> yeah, you have very few growth companies out there these days. certainly not companies like lulu that continue to grow in north america. most of our companies are closing stores. lulu still has plenty of room to open them here and they're opening internationally so i think, you know, that's why we feel a svaluation isn't strechd. it's a growth company with great growth ahead of it as well as margin expansion. that's a great combination. >> when we think about this broader sector in terms of sports clothing, under armour, lululemon, nike, they're all up strongly and is that the fitness

phase that struck in and how long is that broader driver going to hold for? >> that still has plenty of room to keep going. it's one of the few sectors in aparallel that's actually doing well and as you see older consumers are getting more into staying fit longer wrrksyoga is something that everyone can do. it's a trend that still has legs here. >> i'm not sure that anyone can do yoga but i'm the exception that proves the rule. let's bring it back to the lululemon particularly. you have been visiting stores lately as well and you're impressed by them? >> yeah. i think the product continues to evolve. that's the key to it. lulu has a lot more fashion detail than their competitors do. that's why they're still ahead. we were in a nike store this

past weekend and a female customer was buying footwear but wearing lulu. that speaks volumes. they do it better than anyone else does in terms of fabrics and the detailing on the product and they're doing great with their men's business. >> thank you for joining us. senior retail management and capital director. let's look back at broader equity markets and kicking off with asia trade which was negative as you can see partly because of mixed china data. cpi was positive. ppi was negative but the bigger reason for this performance was continuing weakness from the u.s. close but also following a very very strong day in asia the day before when the nikkei was up some massive 7.7%. so 2.5% correction in the nikkei today. just bear the day's trade before that in mind. this carried through in negativity but it's not as pronounced as it was in asia or

the u.s. yesterday. we have germany just eking out gains. the u.s. markets due to open in a few hours. what are we expecting? >> it comes full circle because we had the 1.5% sell off yesterday in the u.s. mashrkets. when we look at the u.s. futures board it's telling us we're going to recover from the declines yesterday so the s&p 500 implied open is looking for gains of 24 points. dow jones industrials should be up triple digits and we're keeping higher at this point. up 176 points being priced into the open and the nasdaq should be seeing gains of 50 points or so. let's check in on the nasdaq and the dow. apple shares of course yesterday declining 2% even after the product launch and they launch a whole lot of products including the ipad pro which has a 12.9 inch screen and iphone 6s is

being launched and upgrades when it comes to am television but the markets western impressed. we saw some losses there. we do have some premarket trade. in fact the first premarket trade telling us we'll be back up to $110.90 or so. so gains of .7%. carolyn. >> dell is betting big on china. the computer maker plans to invest $125 billion in the country over the next five years. the investment will add about $175 billion to imports and exports. wow, sustaining more than a million jobs in china. last year dell founder and ceo spoke to cnbc about the importance of doing business in china. >> we continue to invest locally in china, building our business there. building up relationship with local suppliers and partners and it's certainly got it's complications as you suggested.

but it's a large and super important one for us to participate in. >> they would spend $250 billion in procurements and other investments in china. the second biggest market outside of the u.s. people like market dell are not deterred. they still see a huge opportunity there. >> and as you say, you have to differentiate between the fundamentals of the economy coming forward or getting exposure to the middle class and the volatility you see in the markets. the markets react to relative changes in performance and not the absolute level which clearly is growing, continues to grow in china. but that's it. that's all we have time for today on worldwide exchange. thanks so much for watching us. i'm wilfred frost. >> i'm carolin roth. >> and i'm susan li. first day on the job.

it's great to be with you guys. ooñóokñ.??????ó

ooñóokñ.??????ó without the internet i would probably be like a c student. internet essentials from comcast has brought low-cost high speed internet into the homes of hundreds of thousands of low-income families. it lets students do homework and study at home. so far more than two million people across america have benefitted. internet essentials is going to transform the lives of families. i see myself as maybe an entrepreneur. internet essentials from comcast. helping to bridge the digital divide.

reigniting growth fears but in a speech today the chinese premiere says his country won't see a hard landing. that's according to him anyway. an apple a day. the tech giant unveils new phones, tv upgrades, a bigger ipad and an improved watch but many investors as we kind of thought were underwhelmed. we'll tell you why. cyberattackers compromised u.s. energy department computer systems more than 150 times during a four year period.

it's thursday, september 10th, 2015 and 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 and andrew ross sorkin. our guest host is larry. it's great to see you. >> nice to be here, beck. >> it's a huge day for sports fans today. the nfl season finally kicks off tonight on nbc after an off season dominated by deflategate controversy the new england patriots are taking on the steelers. tom brady will be on the field. we'll talk about everything that's happening with this. meantime at the