. a very warm welcome. this is worldwide exchange. i'm wilfred frost. >> i'm carolin roth. these are your headlines from around the world. >> the wait is almost over. european stocks flirt with the flat line ahead of the fed decision. >> but the swiss national bank warns turbulence could have a major impact on monetary policy as it holds rates steady. >> francis's altice buys cablevision in a deal that creates the fourth largest u.s.

cable operator sending shares higher. >> crude prices settle after a 8% strike. a bullish eai report for surprise move. >> i'm susan li, coming up on the program, general motors agreeing to pay nearly a billion dollars to end a u.s. investigation but will it end enough to restore confidence in the car maker? also a powerful earthquake shakes chile. we'll be watching for the after shocks as a mill people are forced to flee their homes. after a 3 hour marathon debate, carly fiorina breaks away from the pack as she goes head to head over republican donald trump calling him out on his comments on her looks. >> i think women all over this country heard very clearly what mr. trump said.

>> all right. let's get straight to what european markets are doing today ahead of that all important fed decision. we're in the red so you could perhaps say a little bit of uncertainty but bear in mind that we had a very strong week so far this week in european equities following strong performance last week so all in all markets have been pretty buoyant ahead of this decision and they haven't been as uncertain as you might expect given how much is riding on that decision. there we have it. just declines but nothing too significant for european markets. u.s. futures, what are we expecting? the s&p to do well. the nasdaq and dow jones industrial average to decline a little bit but yesterday markets were higher in the u.s. as well. also we had crude up sharply some 6% which we'll bring you more on later in the show. let's get to that fed decision and what we're expecting. heading into today's decision

there's a dovish slant around the fomc table. the only out right hawk is richmond president jeffrey lacquer there on the bottom right. vice chairman stanley fisher, lockhart and williams. but in the dovish camp is janet yellen at the head of the table and also daniel, william dudley and charles evans. now in the weeks and months leading up to today cnbc has been speaking to some of the fed presidents about their views on monetary policy. >> my personal preference is that we don't have the most telegraphed policy decisions like we did in 2004. i do believe that at a at a dependence is what we should be doing. >> the decision to begin the normalization process at the september fomc meeting is less compelling than a couple of weeks ago.

>> i have been talking about the normalization of rates for sometime. this week's events complicate the picture but it's too soon to say it fundamentally changes that picture. in my own view the normalization process needs to begin and the economy is performing in a way it's prepared to take that. >> economy is returning to normal. we're not certain we're there yet. >> let's continue the debate with the global economist at fidelity global invest mentinve. you expect no move today, why is that? >> i think it doesn't warrant an immediate hike. fundamentals are well and inflation is low and we've seen no signs of wage pressures and it's quite a tough environment to start hiking, particularly because there's so much uncertainty and they cannot be reasonably confident that inflation will start picking up

over the next few months and of course we had quite significant tightening in financial conditions over the past year and in august with the market sell off and that's something that they also take into account if that is sustained that could put pressure on the economy and the economy start slowing down over the next months. there's too much uncertainty and too many risks and i don't think they need to rush. >> what sort of statement do you expect today? if we have no move today you would expect a more hawkish tint in the statement. would it be in october or december? the outlook today is absolutely key. >> yeah, i think it's a bit tricky because they don't want to be too hawkish. that would be a shock to the markets, i think, but they don't want to be too dovish because that would signal that they don't have much confidence in the economy so it has to be balanced and they have to leave their options open and december

should still be like option and that is actually when i expect a hike to happen and that's because it gives us a little bit of time to see what happens to inflation and see whether they ease some what over the past few months. >> are you bored for talking about the fed yet? >> there was greece fatigue and fed fatigue. we just want them to start. >> it's exciting. >> it is exciting. it's exciting after almost 9 years of no hikes or no first hikes it is exciting. it's much better than talking about greece, i must say. >> it seems to me that there's a big belief out there that people are saying one of the reasons they won't hike is there's much bigger risks if they do than if they don't. so wait and see and push it back a little bit. how long can that point of view continue? it can't go on forever and it seems to me now that

particularly in the domestic situation we have all the conditions that should be there to hike. why can't they just do it and give it a try? >> i do agree that if the hike and if, for example, the economy does slow down, that's a huge risk. they don't have any ammunition left. so they can wait. this is not such a huge deal. they want to do it. but then they'll have more ammunition. i agree the risks are out there and in three months we might know what china is doing with their currency and what's happening there but ultimately it's better to wait and see but it's not the exact timing of the first hike but the pace of hikes afterwards. they need to work hard to communicate this message that the pace is going to be slow and the path is going to be shallow and it's not going to be a huge shock to emerging markets. it's not going to be a huge

shock to the global economy. this is what's key. not when they start hiking. >> yeah, they certainly need to honing their communication skills. thank you for that. >> thank you. >> global economist at fidelity worldwide investment. cnbc will bring you that decision with janet yellen live from 2:00 p.m. eastern which is 20:00 cet. >> will you today leave with bragging rights or worrying about your bonus baby the end of the year? tell us your call. does it really matter if you get this call right or wrong? lots of investment banks have been changing their calls over recent weeks and months and do you think it matters if they get that wrong? i put my call out there this

morning. i think we will get a hike today. perhaps i'll have egg on my face. >> i don't think it matters. i still think you'll get your very big bonus if you get that call right or wrong. a lot of traders weren't around when we saw the last hike nine years ago so it's very tough for them to see what exactly the fed will do. how they're exactly going to trade. i don't think anyone is going to be blame first degree they get this one wrong and also if they don't anticipate the right moves in the markets. it's incredibly tough. >> very tough and clearly we're not quite saying that people will be fired on the spot but it does matter for portfolio managers. are they long or short ahead of this at the situation. this could move markets a lot. that's the point. how are you positioned ahead of this hike and are you a little worried about how the decision is going to go today? get in touch. >> for a full run down of what the rest of the world central bankers are thinking ahead of this federal reserve rate

decision you can head to cnbc.com as well. let's check in on the volatility and sensitivity in the yield curve. >> thank you. let's have a look at the bond market. here we've got the 10 year u.s. bond just shy of 2.3%. so that might suggest the bond marketing pricing in as a rate hike today. yesterday we told you that the two year note hit a yield high of 4 or 5 years and 2.28% on the 10 year slightly suggesting we might get a rate hike but the likes of the euro and the yen have been suggesting the other way over and above 113 for the euro. another gain in the euro today suggesting of course that the u.s. dollar has been weakening and we won't see a fed rate hike. mention oil prices as well because we saw a big bounce due to moves in syria. a little bit of softness off the back of it but a nice bounce

yesterd yesterday. >> it was one of the biggest ones since august. maybe some technical with the contracts at play. also, you know, the movement curdish forces on the ground in syria and then a bullish, moderately bullish eia report. we saw that close to 9% rally a couple of weeks ago. maybe dislocations when it comes to the future's contracts when it comes to oil. >> we're seeing trading conditions. no one wants to take on any major bets ahead of the fed decision so you have to discount that. also keep an eye on the fed decision because if we get a stronger dollar tonight we'll be seeing lower oil prices tomorrow and thirdly is this the bottom for oil? we have been bottom fishing for a long, long time but maybe this

was it. >> i don't know. you know, we have been calling the bottom for a lot of things. it's hard to predict but i would like to also point out also about the technicals as well because we have a narrowing of a gap between brent and west texas right now so that's important when you look at that stuff and also what's happening with the crude pricing as well. >> okay. let's also check in on markets in asia. how are the markets fairing ahead of the crucial decision? >> it's curious because when you look at this risk on rally in the last hour or so of the session we're seeing some confidence and something of a risk on rally. the markets here are betting on a fairly benign scenario and continuation of near zero rate interest rate policy for the time being.

so arguably no change. china markets wobbling toward the end of the session. that's largely down to the fact that the corruption probe is wiring. they have been doing national service and national duty mandated by beijing to stabilize the stock market but they have been accused of insider trading as well. a handful of executives have been taken in and questioned and that probe is widening. you have to ask yourself does this mean the official policy is going to be blunted some what but basically risk on rally here in the markets and they seem to be pricing in a degree of status quo. that's where we stand. back to you. >> thank you so much. let's get to the high jinx of the race to the white house in 2016. we have the top 11 republican presidential candidates. they added carly fiornia

squaring off in their second debate at the reagan library. front runner donald trump taking center stage sparring with each and every candidate as expected and flaunting his lead in the polls. carly fiorina regarded as the debate's topper former last night noting that trump's companies filed for bankruptcy four times and she also asked trump, why should we trust you? meantime the republicans were fighting it over at cnn nbc had hillary clinton on. she was appearing to soften up her image. suffering in recent weeks in the polls as the e-mail scandal is clipping her popularity right now. however her campaign got a boost when she took a call on set from donald trump himself who had some advice for the former first lady. >> confident americans will see i can deliver for them. that they can count on me for them and their families. >> see, you sound like a robot.

does not compute. you want to win, here's what you got to do, first, yell. i yell all the time. in fact, this phone isn't even plugged in. i'm just yelling. and you're hearing me. next pick three things everyone loves and say you hate them. puppies, stupid. rainbows, total losers. are you writing all this down? >> hold on, let me grabby pen. [ applause ] >> okay, donald, i got it. >> great stuff there you go. jimmy fallon as the brash donald trump and also, you know, we had

a clash as well on stage in the republican side. there was a bit of humor. carly fiorina attacked trump saying what did you say about me on rolling stone magazine. what did you say about me? donald trump having to go back and said you have a beautiful shape. >> she kept no smile on her face in response and got a huge round of applause for her first line. >> kudos to jimmy fallon. >> i'm still amazed by his hair. how did they replicate that hair? it's amazing. >> presumably they went to the same shop. >> must have. anyway, still to come on the show, take over talks with rival sab miller but can it make it past the antitrust regulators? we'll discuss in two.

this just in: 50 million customers' data was not compromised this morning in a security breach that didn't happen. wall street. not rattled. at all. no. not at all. not at all. i mean, look at the day. sir. sir. what went right? what went right? everything. thank you. with threat intelligence, behavioral analytics, and 6000 experts, ibm security will help keep you out of the news. my dad's company wasn't hacked today. cool.

then don't miss sleep train's want youbest rest event.? you'll find sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for three years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with sleep train's risk-free 100-day money back guarantee. get your best rest ever from sleep train. ...guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪

migrants have been attempting to cross by ever more treacherous routes after they decided to close the external

border with serbia. they detained 29 people including a terrorist during yesterday's clashes. >> a massive 8.3 magnitude earthquake struck off the northern coast of chile. at least five people were dead and a small tsunami could cause flooding. the quake was so powerful it was felt in argentina on the other side of the continent. advisories have been there and could pose a threat to anyone near the water. >> we'll turn our attention to corporate news once again. m&a alive and well. altice making another big push into the u.s. market. they have agreed to buy cablevision for $17.7 billion and that includes a lot of debt. the move had long been rumored. altice is controlled by him. he'll pay $34.90 a piece here

which is a premium to the closing price on wednesday. the deal will create the number four u.s. cable provider. let's check in on altice. cablevision, we have some sniffings in the market. cablevision up 17%. altice with gains of 3 and a quarter. this is expected when it comes to cable tv. everybody has been consolidating. also trying to buy up time warner cable when that was left on the table. bidding them to that deal but this is how it works in the u.s. directv being bought up by at&t. you know what's happening with comcast. our parent company. so this is just a trend. >> also altice interested once again. interesting to see them performing well also off the back of this and interesting to look at the margins of the big four players. so far cablevision margins only 28% compared to 38% so people

thinking they can make the most of this and make savings and efficiency with cablevision. >> i'm still surprised by this bid because i talked to the ceo roughly three weeks ago and i asked him are you looking at more consolidation and looking to acquire more companies in the u.s. space specifically because in may they offered to buy sunlink and he said valuations are looking toppy right now. no, we want valuations to come down first. but they always had huge appetite. time warner cable didn't work and they have been aggressive in terms of funding their acquisitions. that was a huge junk bond issue there and maybe they just did it before rates rise. >> i think he wouldn't have revealed it obviously in an interview and they showed a taste for it and a agree a surprise market as we can judge

by the share price move. >> the cable world has changed. size does matter. especially with broadband providers and there's a talk of unbundling. it's not a fragmented market anymore. size does matter. >> all about skinny bundles rather than the big bundles. in some of today's other news, australian regulators have thrown shell's acquisition of bg group in doubt. it has concerns that the deal that would be the energy sector's biggest takeover in more than a decade could limit the supply of gas to the domestic market and increasing prices. as a result it has delayed a final decision in november. they're hoping to complete the deal by the first quarter of next year. >> shareholders and investors had their say and now analysts are giving their view on the potential $280 billion drinks giant should they go head to head with the merger. rbc upgraded it's rating on sab

to sector perform while bnp hiked it's to 23%. goldman sachs is maintaining it's buy calls while it sees $1.5 billion in synergies on the deal. >> cre has rallied about 4%. goldman sachs saying that the takeover could be a positive driver for china's beer industry. sab miller has a 49% interest in a chinese brewery in a joint venture with china resources enterprises which does mean a combined entity with ab could control 42% of the market share in china and you're an expert in this regard. don't you enjoy the product proce

provided by sab miller. >> perhaps an expert on the products and not the share price action. it's going to be a mega deal if it happens and we saw very positive share price moves yesterday and i wonder if they came a little immaturely. there's a lot of hurdles still. do you think the share price moves were overdone? >> possibly. this move has been talked about for so long. it's something that's going to happen eventually. >> these guys already consolidated a number of times. >> yeah, if you look at the market and compare it to other sectors it's relatively fragmented. so even if you put them together it's still about a third and that will be the leader and there's a lot of other fragmentation so there's still some to come. >> i just wonder to some extent

as related in the m&a cycle to what extent this is about the fear of missing out. people want to get a deal done before the rates rise. >> if you look at the recent results they have been quite disappointing and there's struggling key markets like the u.s. and russia and brazil and they are already overleveraged in the western market where is con supgs sumption is going dow for them it's looking like bigger markets and they really have an excellent coverage in africa and that's the bigger pill. >> aren't there are a lot regulatory hurdles you have to get through when you combine bud light and miller light together? do you think the u.s. authorities are going to okay this? >> i'd be very surprise first degree the u.s. authorities did so because they would 1r7 0% of

the market and what's going to happen is sab's joint venture will probably have to be split up. china, i think it's more in the balance. >> thank you. >> the global drinks analyst. okay. so we're going to go to break here on worldwide exchange. still to come on the program, fighting the tightening. which emerging markets will sink and which will swim? should the fed actually take the plunge? stay with us.

>> it's so close. the wait is almost over. european stocks flirt with the flat line ahead of the federal reserve rate decision which could mark the first height in almost a decade. >> turbulence in financial market could have a major impact as it holds rates steady. >> france's altice buys cablevision in a deal that creates the 4th largest u.s. cable operator sending shares sharply higher. >> crude prices settle after a 6% strike. traders citing tensions in syria and bullish eia report for the

surprise move. >> let's quickly check in on european markets as we did await that rate decision. we did see gains last night in the asia session after two days of gain in new york. we're seeing a bit of a slide coming off from the gains we've seen the last few sessions here in europe. ftse is down a third of 1%. the ftse declining by a third. everyone is in wait and see mode. let's check on the companies and how they're performing today and as you see guys we're just holding steady. >> let's look at bonds and conflicting messages coming from those two markets toas to wheth to expect a rate hike or not.

we've seen yields tick up over the last few days. the 10 year note shy of 2.28% and the two year note hit a five year high. however forex rates continue to see the likes of the euro and the jen strengthen against the euro dollar. 1133. it's up against the u.s. dollar tod today. >> yes t wait is almost over at 2:00 p.m. eastern time which is at 2000 cet. the federal reserve will be announcing it's rate decision and that's followed up by a press conference by chair janet yellen. steve has filed this report on the expectations from our very own cnbc fed survey. >> set, down, hike. for the first year in the history the central bank will raise rates at the current

meeting. despite market volatility and rising anxiety over global growth 49% see the fed hiking rates this month. of the 51 economists and money managers and strategists that responded, 43% say it will come later with 8% for sure. >> we think the fed will hike although it's a very close call but they'll try to soften the blow by talking about a very slow exit going forward. whatever the fed does they do not want to create a shock into the capital markets. >> indeed, estimates for the fed funds rates are 37 basis points for the end of the year and under 2% next year. that suggests wall street sees the fed hiking very gradually but there's concerns. the mobility of a recession rose to 19%. the 3rd straight monthly gain and the highest in three years. still relatively low and the number one global threat, overseas economic weakness.

it's the season cited for the fed doing nothing. still several analysts insist the market is ready for a rise. >> we've had 46 billion come out of equity and saved off $5.3 trillion in global evaluation. part of that has to do with the slow down and part of that has to do with the assumption that the fed will do something sooner rather than later. >> wages aren't rising. inflation is low and the recovery is tentative and global economic weaknesses promises to hurt the u. s. economy. they think it's best for the federal reserve to call a time-out on raising rates. cnbc business news. >> so how could a lift off effect merging markets? here's what the central bankers tell cnbc. >> you might think that u.s. monetary policy and the monetization could effect adversity emerging economies. i don't think so because the

fact that the federal resolve will raise interest rates deflect robust strong economic recovery in the u.s. >> the markets will respond in a nervous way and then may effect the russian economy as well. >> everybody knows it has to happen but pick your time. if the volatility comes down as it seems to be, you know, i it could happen sooner rather than later. >> the taper tantrum that we saw. let's talk through it. the em space, chief em strategist at commerce bank joining us here in london. your call for later on today. >> i personally think they won't hike. but at the end of the day, if they do hike and they indian kalt -- indicate the hiking part will be

relatively okay we can see a rally in emerging markets as of today. >> we did see the ringett. so warren buffet says if you go once you have to go again. you can't stop at one. >> how far have emerging markets moved? i think they have moved too far. this not a never ending thing that you see currencies weakening forever. why? at some stage emerging market fund managers will say this is the time to get in and i think today is the turning point. so i say if they do hike, so what, as long as the wording is okay. >> so you're saying that recently weakness has been largely down to the fed, not to china, global growth issues like that. it's just the fed uncertainty. >> absolutely. what you saw since the beginning of this year is actually emerging market investors preparing for this fed hike. preparing for the 17th of september and then during the summer while everybody was away on holiday, including central bankers everywhere, china

decided to do this move on the cny. maybe at the end of the day it was a wise decision to do it in august rather than september. >> i think you make a couple of interesting points about sentiment shifting after that first rate hike on emerging markets but you have to wonder if fundamentals aren't in place if more emerging markets like turkey for example action specifically also brazil how long could a rally actually last? >> i don't think a rally would last forever. it would be some adjustment that we see to the big extreme movements in the last, i would say, now, four or five weeks but then you'll have some coming into play again. you'll have this diversification story which means brazil, south africa, russia coming under pressure, oil price pressure and china again. >> you talk about china. let's get to the headlines coming through from the foreign exchange regulator. right up your alley and they're saying fluctuate in the foreign

exchange flows is within an acceptable range and they have also been talking about the increase in capital flows. it is a concern. there is concern they might have to devalue once again especially if fed hikes interest rates and there's global weakness. >> absolutely. i think that we are moving on a devaluations part or depreciation part. that's clear. depends on how they do it and quite frankly i don't think any of us know exactly what's going on 100% there. >> you can say with 100% authority they're definitely going to devalue? i haven't heard that before? >> we'll see a continued depreciation definitely. if you look at the chinese economy it's not going on the upside, it's going on the down side. if you're trying to control the exchange rate and at the same time trying to control the interest rates locally your economy is not performing massively. something has to give and in this case it will probably be the exchange rate. >> given what's happened a, with

the fed, b with what's happening in china, what's your top pick in asia at the moment? >> in asia, obviously depending on what the fed does today, india remains in our top pick as has been the case for two years. it's a consensus call but for good reasons and as you mentioned before people respect him and they respect policy makers in india, what they have been doing. indonesia is a very interesting story. obviously much more of a higher play on the fx side than on the spread side but valuations look relatively attractive to something to look into as we move along. >> all right. good to talk to you today. we'll see what the fed does at 20:00 cet time. let's tell you what's happening on the cnbc.com web page, which merging market will sink and which will swim? head to cnbc.com. that's the address. we have some charts for you and analysis on today's potential fed action.

>> the fed isn't the only central bank in action today. we also had a rate decision from the snb and that was as expected to move in terms of the monetary policy. we had the deposit rate held steady at negative 0.75% and also no change in the target rate. the snb saying that the swiss frank is still overvalued even though they did acknowledge some of the rekrentd depreciation. we saw a weakening through the 110 level but it couldn't sustain those levels. the financial market turbulence could impact monetary policy. earlier this week i spoke to the chairman of ubs and asked him about his expectations for the snb. >> i think the snb is firmly on hold for sometime to come. so i think the policy debates in switzerland are more about whether the current market pricing of the swiss frank in line with other currencies is adequate and supports the

economy. i don't think there's any discussion at this point about using the policy tools. switzerland still has a negative inflation rate and switzerland is still in a stabilization phase. it's a small, open economy and of course commodity prices and energy prices have contributed to this decline in prices but the focus in switzerland is more about public debate over whether they should go back to a system of targeting the exchange rate or having a floor. i don't think they should and i don't think it will happen and the other debate we have here in switzerland is really have interest rates gone negative enough? in my view they have. actually the current negative interest rates are a challenge for many long dated investors. so pension funds, insurance companies find it very hard in the current environment and we're more likely going to see questions and discussions around can we take off some of this very negative interest rates and the pressure it provides in order to have an easy environment.

that's not a discussion for now. i think the swiss national bank is firmly on hold for now. >> it takes the phrase sharing economy to a whole new level. raid sharing services lift and didi announced they're to form an international alliance to link their respective apps. it's to help the two riders to take on uber. lyft users will have access to didi in china. >> blablacar received $200 million valuing the company at 1.4 billion euros. this as the firm looks to expand into merging markets. it's the latest company to join the sharing economy joining the likes of uber and airbnb and they use technology to match driver with passengers traveling between cities. >> as part of our sharing economy week, we've been taking

a look at the business of social dining. >> ever thought of yourself as a chef? or are you in a foreign land longing for a home cooked meal? well they bring these scenarios together in a match made in food heaven. it's like airbnb for meals. go online, pick a host, book your time and your dinner date is settled. >> i thought it was a pretty good idea to have a bunch of people around for dinner. you get to meet a lot of people and get to interact with a lot of people. and of course you can tell them about our culture and they can share their experiences. >> you can get a taste of it in cooking classes and brunches. europe is one of the strongest markets. especially italy and france.

with over 500 home cooks spread across 80 cities around the world you'll be spoiled for choice the next time your tummy rumbles but like many other things in the sharing economy, safety concerns continue to be an issue. >> initially i was worried when my first guest signed up i was very, very scared, actually what if they don't like my food? what if they're rude to me? then i thought let's get this done. but it is always good to have an emergency contact number with you. i still feel that, you know, what if the guest is not okay. >> or a little bit crazy. >> yeah. so i thought it was good to have your safe side. >> ceo and co-founder takes the issue of safety and quality very seriously. she says we personally vet all the hosts by having a demo experience with them to meet them and taste their food and

see their hosting style and personality and in far out cities they send out travel or food bloggers to test the experience. just imagine the range of dining experiences you can dive into from roof top dining to eating by the riverside. >> food is something that binds us all in a way. i feel any place you go, food is something that, you know, brings people together. >> and it's not just them cooking up a storm. a number of meal sharing websites popped up around the globe as the sharing economy spreads from the sidewalk into the kitchen. >> i have to say -- i don't which i dislike the sound of more, going to other people's homes to eat their food or having random people into my home to eat my food. which they would certainly not like either. but it doesn't sound like a very appealing idea to me.

>> but if you're a budding cook and you want to share your craft with someone that would be great. >> i know you're not. maybe susan is. >> so if i came around, what would you cook for me. >> susan. >> i don't cook. i'm sorry. but i was just thinking about the concept and how it works here in the u.k. home cooks u.s. >> yorkshire pudding. >> roast. >> which is also a real nightmare to cook. not going to happen in household frost but we'll explore this further. it's a significant part of the sharing economy and not as big as the likes of uber and we'll explain more after the break with a special guest. stay with us on worldwide exchange. oh, look. we have a bunch of...

announcer: babies who are talked to from the time they're born are more likely to have a successful future. talking and reading to children in their first years has a huge impact on what they do with the rest of their lives. the fewer words they hear, the greater their chances of dropping out of school and getting into trouble. talk. read. sing. your words have the power to shape their world. learn more at first5california.com/parents

as our special sharing economy weak continues today we shine spotlight on the food and drinks space. vizeat matches cooks with potential guests with more than 1,000 foodies participating across 50 countries. they acquired their rival in a deal to get a much bigger slice of the meal sharing pie.

joining us live from paris is camile. a very good morning to you. thank you for joining us. this is a very interesting concept. it's not one that i necessarily would get really deep into partly because i'm a useless cook. i wanted to go for a different area which jumps to my mind which is about health standards and regulations which traditionally restaurants face very strict restrictions on. does that apply to your sector as well or not? >> yes. i have to say that all our hosts are vetted by our quality control team so we check all the hosts. we check all the profile. in major cities we send photographs that can test and take pictures of the kitchen and everything but have to say that our hosts are individuals. and amateurs and sitting with their bests at their table. they pay attention to the quality of the food as they would do for themselves or their

family. so it's also too unsure that the quality of the food is good. it can be a concern health and security so we sign a partnership and they cover our hosts and our guests throughout the experience up to 100,000 euros in case anything happen. >> two very important questions, how do you make money and how do the cooks make money? because the average price that they charge is $40. does it cover their costs? >> yes it does. they propose the meal. a branch, a dinner, a market tour, cooking class, whatever they want to share with their guests and they decide the price of the meal per guest so they take into account the price of the grocery and also the expect their hospitality to be valued so yes they do make money out of it.

it's an additional income i would say because we want to preserve it so they are amateurs and they want to meet people and share their culture. >> is that $40 including tip? we're trying to figure that out. but my question to you since we're running out of time, what is the most popular request right now? what do people want? >> well, we have a lot of hosts in paris and roma and british people and americans love to go meet parisians and roman so it's not something you can do easily when you travel. you travel in cities where millions of people are leaving but you're disconnected from the culture and people are the soul of their city and it's difficult to meet them. so it can be roof top, wine, cheese, people love that. >> now you're talking. camile, thank you so much.

camile romani. i'm not sure they're sharing food on stage but we had the top 11 republican presidential candidates squaring off in their second debate in california at the ronald reagan library. john harwood filed his report from the debate. >> this was an exceptionally long republican debate under rules that allowed the candidates to engage with each other and they did. donald trump was at the center of the attacks. he's the front runner in the polls but this time there was a new element in the debate. that's the presence of carly fiorina. she was present. she said she was going to go after donald trump and she did. check out the dynamics of this three way exchange where jeb bush was asked about a comment he had made that trump criticized and then carly fiorina threw that comment back

at trump in defending herself against his attacks on her appearance. >> well, he's wrong on a lot of things but on this he's wrong because i'm the most pro life governor on this stage. >> he came back later and said he misspoke. there's no question because i heard when he said the statement and i said wow i can't believe it. i will take care of women. i respect women. i will take care of women. >> in an interview last week in rolling stone magazine, donald trump said the following about you, quote, look at that face, would anyone vote for that. can you imagine that? the face of our next president. mr. trump later said he was talking about your persona and not your appearance. >> you know, it's interesting to me, mr. trump said that he heard mr. bush very clearly and what mr. bush said. i think women all over this country heard very clearly what mr. trump said. >> question now is going to be how any of this effects the opinions of voters as measured by the polls. most of the predictions after the fox debate in august turned

out to be wrong. trump didn't fall and other candidates didn't rise. one would expect that carly fiorina would come up. not clear exactly the dynamics though involving donald trump, jeb bush, others, chris christie that had a strong performance as well. we'll have to be watching over the next few weeks and we'll have our own debate on cnbc next month, october 28th in boulder colorado. back to you. >> looking forward to that. hopefully some fireworks. other interesting parts of the debates, some humor here because when they asked jeb bush what do you think your secret service code name would be? he said it would be ever ready because according to trump apparently ben carson had more energy than jeb bush does in these debates and then when they asked donald trump what would be your secret service code name? >> humble. >> i like that. it's a great line. >> because they also ask some other short hand questions, who do they think should be on the

$10 bill if it was a lady. and interestingly jeb bush said margaret thatcher. >> though he doesn't think that's legal. >> that was an interesting answer. >> the only woman on stage, what did she say when asked that question? >> what did she say? >> i don't know. >> it's symbolic. there's no need to change it. >> i like that. >> on a more serious note, donald trump, if you take a look at the google trends charts, really interesting. >> was that oxymoronic that statement? on a serious note? donald trump? >> well he struggled to stay on top in terms of the ratings throughout the three hour debate. three hours, that's too long for anyone to watch. i guess cnn did it in part because they could garner good ad ratings, at least that's what donald trump said but he did struggle to stay on top. carly fiorina made up some ground. >> we'll get into this much more later in the show with an interesting debate with special guests joining us from the u.s.:

also get in touch with us about the fed. that's the top story today and reputations on the line as those fed decisions loom and how you're positioned ahead of it. you worried about which way the markets are going to move off the back of us. get in touch with us. >> and do we care that jeb bush admitted that he smokes marijuana? apparently not. as we await the final word from the fed, hiking now could lead to an 8% correction in the equity markets. we'll get you the details after this.

good thursday morning and welcome to worldwide exchange. >> here are your headlines from around the world. >> the wait is almost, almost over. u.s. futures are flirting with a flat line ahead of the federal reserve rate decision which could mark the first rate hike in almost a decade. >> france's altice buys cablevision in a $17.7 billion deal that creates the 4th largest u.s. cable operator sending shares in both firms sharply higher. >> $1 billion on the line for general motors as the auto maker looks to settle a criminal case