a very warm welcome to "street signs. i'm steve sedgwick these are your headlines alstom shares hitting their highest level since 2012 as it launches a mega rail merger with siemens to create a european champion to combat chinese competition. we'll speak to the ceos of both companies. fortum puts 9$9.5 billion o the table for uniper as e.on prepares to sell its remaining

46% stake. there are too many banks says an ecb board member who warns the european banking sector is likely to shrink sending shares in the financial sector sharply higher. saudi arabia versus course king salman announcing women will be allowed to drive in the country from next year, sending shares in local car leasing and insurance firms higher fabulous to see you all today. we're 0.3% higher on the european indices mildly supported markets overnight. we're all waiting to see what nuances we got from janet yellen's speech, she had a 37-page speech yesterday opacity in labor markets, opacity in inflation and what's going on with wages was the central theme. net-net those market participants who originally

thought a 40% chance of a rite hike in december now think there's a 76% chance i have not seen anything that changed from her record and the rest of the fomc in that period. wonder if they'll change their minds on the markets on whether there's more chance of rate hikes in 2018. the fed still sees 100 basis points the market 40. today your focus should be on tax stateside. it looks like congress and some key gop politicians will outline what they see on corporate tax going forward. let's look at the markets. the banking sector, 1.3% higher. that's one of the best performing sectors so far by a country mile basic resources doing well construction material, insurers on the upside. to the down side, some of those defensive bias sectors, such as utilities, food and beverage and healthcare under pressure. ♪ siemens and alstom are

merging their rail businesses with the goal of creating european powerhouse to deal with increased competition from the crrc the german industrial giant protects the merger will happen in two years siemens will own half the joint venture on completion. siemens having a decent rally, 2% to the good alstom 5.5%. responding positively to what could be a reduction of costs in the sector i'm yet to see and hear much about what will happen on the jobs front that's something we will pore over the french government has given its blessing >> we are not looking at yesterday's world. we're looking to the future. we see a chinese giant being created with a turnover of 24 billion euros that decided to conquer markets in europe and

elsewhere. faced with this, we must be united some might think europeans have to be divided to resist europe and chinese competition, we think we need to be united how united will they be? two men know more than anyone. we'll speak to them on cnbc, first on cnbc. joe kaeser, siemens ceo, and henri lafarge, so stay tuned for that french president emanuel macron laid out his plan for a stronger european union urging eshg u lead eu leaders to be bold against the threat of populism he pushed for great universiyuun

fighting terrorism >> only the eurozone with a strong international currency is offer the europe the framework of an economic world power >> let's speak to henry newman with so many huge issues you and i can talk about first i want to talk about france, where it's positioning itself on the back of that alstom/siemens story and on the back of what mr. makiko utsucro saying, boldly saying about some super national alliance does he mean the whole of europe >> let's take france is back we had a time under president hollande where france was taking a back seat in discussions that was leading to asymmetry in the paradigm dynamics. now with macron, france is at the table.

i don't think it's good are his plans for a federalist vision of europe if you put together what macron said yesterday and mr. juncker said two weeks ago at the eu address, you have a plan fulfilling the nightmares of brexit tears >> the british are not part of this anymore there's a european powerhouse, based en that franco-german alliance >> but is that across the whole of the continent i'm not sure of course presiden macron elected in the first round of elections. it was less than 5% between him and the two anti-euro candidates we could have seen a different path i think he's pushing ahead with a bold plan for domestic reform those should be saluted. on his european plans, i'm not so sure. >> the euro files among us thing

the euro is a halfway house, the ecb is a halfway house we have to push forward or fall back i understand his wanting to do this so have meaningful fiscal integration, meaningful integration at a banking level and maybe a political level. >> this is a legitimate position to hold, but also it may be the only way that the structural problems within the eurozone can be resolved. is there a democratic consent across the whole of the european union? i'm not sure this is happens despite britain and britain won't be a part of it that's not to say it won't influbs oi influeni influence our thoughts i am not sure this would have been happening if there was a brexit vote. >> which could be a positive thing for brexit, when britain and europereform themselves structurally in many ways, those of us who don't know how this is going to go, we're not so

positive as mr. johnson, we see reform as essential on both sides of the channel is there any other route for europe other than forward integration? >> i think there is. listen, a more multi speed approach would be sensible we had a disappointing election result in germany in lots of ways from different people in some respects germany has been seen by many you're reurop a savior of europe now germany ironically may be a saying something they might be saying, actually, no, this is too much we don't have consent for this we need to be careful the rise of the far right and far left. >> i don't want extremism forced upon us. none of us do. none of us centrists do. we do think populism is a good thing, if you take out the

extremists populi populism, i googled it it's the will of the ordinary people there's nothing wrong with the willordinary people. but it has translated to populism equals extremism. is that what's going on in your interpretation of europe populism equals extremism? >> i think there's a danger that any narrative is an extremist narrative. if you look at the way the spres rea press is reacting to the german election calling people c ooshgs cookey r than dealing with ordinary concerns >> in terms of how much progress we made with the florence speech, we got the sequencing answer back from michel barnier,

about mrs. may make progress >> i think she did there's differences within the cabinet. that's to be expected. this of course will have disagreements. she put a grown-up consensus in florence there's wrangles and discussions about the future policy and there should be, this is a fundamental question what sort of country do you want to be after brexit >> i love our conversation, you can stay longer? maybe we'll bring in catalonia as well. henry newman from open europe. federal reserve chair janet yellen says the central bank may have been wrong on employment and inflation. they're not the only ones. in a speech in cleveland, janet yellen explained that misreading could lead to easier policy than expected in the unwinding of the

balance sheet. mr. liesman has more. >> reporter: fed chair janet yellen went further than in the past guys in acknowledging the fed may not fully understand the inflation dynamic. ultimately she ends up in her speech backing the fed's current policy of gradual rate hikes and the removal of easing monetary policy she said there are substantial job acts going too slow. >> without further modest increases in the federal funds rate over time, there's risk that the labor market could eventually become overheated, potentially creating an inflationary problem down the road that might be difficult to overcome without triggering a recession. >> that was the conclusion of the speech, but she spent most of the time before that speculating about the possibility the fed might have inflation and the job dynamic wrong. >> if these sorts of favorable supply-type shocks continue, achieving our 2% inflation goal

over the medium term may require a more accommodative stance of monetary policy than might otherwise be appropriate >> was it hawkish or dovish? is a little bit of both. hawkish in that she concluded in the face of uncertainty the fed should plow ahead with rate hikes. it was dovish for the fed chair to openly speculate the fed may have inflation wrong and speculate also about policy changes, monetary apology change fts f changes if the fed has it wrong. get involved with us on twitter, streetsignseurope@cnbc. you can e-mail me, steve_sedgwick we will talk about catalonia president trump weighed in on planned independence referendum in catalonia as he spoke to -- as he called it president rahoy. spanish officials looking to thwart the vote. more after the break

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takeover for uniper after securing the backing of the firm's shareholder and e.on. uniper management have previously spoken out against the deal they are trading around the flat line in today's session. interesting stories doing the rounds i was looking at a city a.m. piece, guess what this store i have about about a takeover 17% high ser where the shares are trading. final touches are being put on an offer to buy shares and give the operator access to the london listing the bidder plans to submit a letter of intent to take control

of the company but is waiting to see what the financial situation is like. that's where that down 75% in the last six months comes in that's including that 17% upward move today basically, of course, it's been an incredibly tough time for carillion. they had 845 million pound writedown in july. it was 75% of their shares they crashed out of the ftse to 50 in august i think we have an update on this company 650 million pound sterling more than three times the market cap of 200 million pounds. i would assume some parts of the deal rather than the price of the shares themselves is important to look at carillion shares, 17% higher on rumors today french and italian officials

hope to reach an agreement on the takeover of stx before a bilateral summit later today seems a rocky path to today's meeting. the ship beelding compa ibuildie to buy a share in the company this year, but after the macron win, they ordered a takeover of stx. this would allow fincantieri to take over 50% of stx the italian firm's share price rose over 20%. henry newman is with us. willem marx will have his microphone attached to his lapel and be ready to talk to us about this as well we are seeing, again, adding to macron's potentially bold vision but your view first. >> the back story is this

agreement was made earlier this year under hollande. macron won came into power, said i'm not sure i like this idea that fincantieri will take a 54.6% stake in this failed korean owned company, stx he said i would prefer 50/50 the italians balked at that. the issue came down from macron's perspective to sovereignty and the ability to maintain the capacity to build aircraft carriers in a french controlled shipyard which is on the britain coast. and the italians have been back and forth. in early august they had a series of meetings, discussions about this, it seemed there was progress today we expect with the two leaders meeting that there will be an announcement on this it might involve a third entity, the naval group, the defense ship building company, getting involved, taking a small stake goes beyond a commercial venture and is defense cooperation what is the point about this ship operation and the ability

to build a french air carrier? >> that's the only place they can do it. that's the reason why they didn't go through with the deal under macron so we will have a venture with fincantieri taking a majority stake. >> we had industrial policy announcements from mrs. may at the same time when it looks like the less than importance policy of mr. macron. this is a fascinating world. >> as willem was saying, this is a fascinating development in france, between france and italy, the 27th, 22nd and 23rd biggest economies after brexit what mr. macron is doing is legitimate under the rules, but he's interfering with the free movement of capitol across the union. on one hand he's saying we want a common defense, common military project on the other hand, no, no, i don't want an italian company oe

opening the means for aircraft carriers so out of one side of his mouth, i love this idea of a federal european union where everything is shared, out of the other side, no, no we need our french capacity to build aircraft carriers >> interestingly, the ceo of fincantieri, he often talked about european naval integration. and the argument goes, a lot of european companies have small navies, by combining the french and italian naval capacity to build, even further operations, that's an operation he would be happy with as ceo because he agrees of the dream of a european defense force >> maybe some of this rolling back is sort of an attempt to build allies in italy for his broader project of reform. there was a moment over the summer where they started calling macron micron over this theory of stopping an italian brand taking over a french

brand. they say sorry, there's inequity here >> at least we're talking about sensible things, like building aircraft carriers, building defense. when it was jacques chirac, we were talking about yogurt as a national interest, and pepsi couldn't buy danone. i like this is more mature this is real security stuff rather than yogurt. it's worth preserving for my trip this summer fantastic. but in terms of may's side of it, mrs. may has talked about some form of national industrial policy >> she has talked about the need for government to take action in these areas. i don't think we heard much, so we need to hear more it's one area of her domestic vision that's relatively unfulfilled. >> willem, excellent thank you as ever. henry, will you stay for the next chat. president trump says spain should stay together, this

asthma reaa as madrid has called for an independence referendum for catalonia. trump said in a speech that he would like to see one spain. >> we are dealing with a great, great country. it should be reunited. i have been watching it unfold it is actually been unfolding for centuries and i think that nobody knows if they are going to have a vote i think the president would say they're not going to have a vote the people would be very much opposed to that. >> antonio barroso joins us on the line where does this story go next? does the defend go ahead if it does, the legality has been called into question by madrid what happens then? >> well, first i think it's

important to understand that this referendum is unlikely to take place, at least a legal referendum, because they have been taking steps to prevent that from happening. what happens next depends on the cohesion of the independence movement there are a number of scenarios out there. a lot of comments coming from different sides of the independence movement. they could declare independence unilaterally, next week, which will lead to a harsh intervention by the government of rajoy, or they could call for elections and kick the can down the road and keep pressuring the government in the fight for the independence >> why do the catalans want independence it is one of the wealthiest regions in spain is it the fact they don't want to send their money to broader sm spap a spain and they would be wealthier without them

>> it's not just about the economics here there's an emotional aspect as well it's interesting that this push for intense has arised during the economic crisis. i do think that it's also a reaction against the political system in the rest of spain the reaction has been channelled through protests or by voting for anti-establishment parties, or new parties in catalonia this is channelled through the movement for independence there's an economic aspect to this but also an emotional aspect >> seems almost patronizing for rajoy to call it ridiculous. it's not ridiculous for a bunch of catalans. how does this bode for broader european cohesion and united kingdom cohesion >> this is one of the problems over the last few decades. a europe of regions as the eu wanted it, is creating all kinds of tensions across the continent. the argument was made during the

referendum campaign here that a brexit vote might actually help the cohesion of the uk i'm not sure we've seen that certainly in the most recent general election there were strong set backs for nationalists, but also strong advantages for unionists a mixed picture. so i think the prime minister's language as ridiculous is ill-judged >> antonio, those who lived the last 30, 40 years have seen horrendous violence from sp separatist violence in the basque region. if there is a danger if madrid clamps down too hard, we could see unsavory occurrences on the back of this. >> one of the advantages of this, is that the pro-independence movement they put stress on trying to be non-violent, more like a party so in that reality the threat of

violence is limited. however, you know, the risk of an accident is always there. when you have thousands of people mobilizing and basically doing something illegal and public forces, you increase the risk of accidents. so far, you know, we are very lucky in the sense there hasn't been vile when incidents and that the strategy of the independence movement is largely friendly antonio, thank you henry, real pleasure we will take a short break coming up, bitterly disappointed is how theresa may describes her reaction after the u.s. slaps steep duties on bombardier more after this short break.

welcome to "street signs." i'm steve sedgwick these are your headlines alstom shares hitting their highest level since 2012 as it launches a mega rail merger with siemens to create a european champion to combat chinese competition. we'll speak to the ceos of both companies. shash shares in carillion rise after reports of a construction firm taking over the european builder

there are too many banks says an ecb board member who warns the european banking sector is likely to shrink sending shares in the financial sector sharply higher. saudi arabia versus course king salman announcing women will be allowed to drive in the country next year. >> very solid performance from european market which had no lead from asia and the united states we're in an interesting period where we have digested what mrs. yellen had to say yesterday. i would said there was talk in her 37-page people that was ala alan greenspan with keeping all options on the table

markets are looking sprightly. the cac a bit of a laggard despite alstom that aside, the ftse mib knitly, 0.7% higher. let's look at the foreign exchange markets we have the euro/dollar. the euro has given up a bit of ground from the 1.20 spike. this follows from merkel, she won, won unconvincingly, and has to put forward a coalition that may lessen her power on some initiatives. that's why the euro is coming off a bit. the pound also giving up -- a decent bit of ground the pound 1.36 at its high since then a downgrade and more concerns over the pace of brexit talks. let's look at the u.s. futures broadly positive start on the

u.s. futures no four negative days on the market the dow has fallen so little, it's almost not worth thinking about. one other feature today, janet yellen says she is looking at all the data going forward durable goods coming out. u.s. slapped duties on bombardier jets after boeing said they were unfairly subsidized by canada the u.s. commerce department imposed a 220% tariff on the c-series planes bombardier says boeing is using skewed trade laws to stifle competition. boeing says it is about maintaining a level playing feld bombardier's belfast unit says the c-class jet is critical to its future jeffrey donaldson said the government will do everything it can to keep the factory open theresa may says she is bitterly

disappointed and will continue to work with bombard area to protect jobs for northern ireland with the support of the dup essential for conservatives in parliament, issues like this go way beyond trade disputes between canada and the united states, they effect the balance of politics s is in united kin. wilbur ross says the u.s. is seeking an overall improvement in trade if you look at our trade balance, there's one geographic source of our imbalance, and that's most importantly china. there's one product source of our imbalance, and that's mostly automobiles. now, the automobiles are not particularly from china. china is not yet exporting meaningful number of cars, especially not to the u.s. if you solve the geographic problem and the product problem, you solve our trade problem. clearly they want to become more

self-sufficient in areas like semiconductors, of which they are the world's largest consumer we don't mind competition. we want the competition to be on a fair and level playing field and that means not so much in the way of trade barriers, not so much in the way of protectionist activities, not so much in the way of impediments to companies operating there not so much in the way of forced technology transfers, things of that sort. >> there's been a broad-based positive performance across emerging market equities south america, argentina and brazil have posted the biggest numbers with russia with a small amount in negativity i have a question for our next guest, you see some of those names up there how do you feel about the term

hedge fund hotel it's not what you expected me to start this interview a lot of people said when they look at the merval, they look at new governments there, they say the hedge funds have run ahead of mick reality. you dispute that >> i dispute that. if you look at emerging market companies, earnings have accelerated over the last year and a half it's been driven by commodities, global trade, even some tech companies. you look at the evaluation they're still 30% cheeper than the s&p. >> what about a redux for the dollar if the dollar does rally, and the markets got rate hikes wrong, and yellen gets less dovish in her rhetoric but sticks to the dot plot for 2018, what does that mean for the traditional and perhaps overused relationship between the dollar and emerging markets >> i do think there might be some headwinds for some

countries that have large current account deficits, but then plenty of countries have current account surpluses. >> give us an example. the deficit ones are the ones to watch out for. surplus ones should be good. >> china is the biggest example. you are talking about alibaba and ten haven't, i'm not sure the dollar matters for these guys >> very interesting you should talk about technology and emerging markets you have a great piece of research talking about the iphone 8 super cycle x, we think, will pick up the underwhelming sales from the 8 so far why will this super cycle be such an important factor >> this is the tenth year anniversary for the iphones. it's iphone x. roman numerals they have a lot of new technologies in here especially for the asian supplier base. some guys will be big winners. other guys will be big losers. you look at dual lens camera 3-d

sensing, these are the beneficiaries. oled display, the supplier of lcds, they could becom obsolete >> every time i see one of these new phones, he wonder how i lived without the last one gosh what would i do without an emoern emo emoji. i'm being sarcastic, but many do need emojis. this is a slam dunk, this change, whether people buy the iphone x, the 8, or the samsung, or the alternatives out there, the chinese versions, the technology spend is enormous >> absolutely. millennials can't live without this the suppliers of the best technologies, they'll continue to grow. >> yeah. i have another one that i'm interested in. this is europe's new industrial heartland revs up. i say to myself, i'm sure i remember this one. yes, i do remember europe's

industrial heart revving up. i went to slovakia, to the czech republic, i went to poland and i did this talk ten years ago when they were struggling we were told they were the next best thing banks in austria and italy spent so much money lending to these areas. then suffered aggressively why should the story be back now? >> yes so as you mentioned, a lot of these economies went through a tough period, mainly because the bank s lent mainly mortgages in swiss francs, which turned out to be a bad idea when the swiss franc appreciated that caused a banking crisis by in large the banks resolved these problems if you look at the employment rate, it's at full employment already. housing prices are rising. it's a good time to be if you're a bank they're really competitive in terms of production. >> if i had to put my money in one emerging market or one emerging country, where would i

do it? with my hottest bet in the sector. >> i like central europe hungary, czech, and poland >> that's very coincidental because we have a guest coming up from poland, we'll pore through that one as well very interesting thanks for covering so many bases. you can get involved with us on twitt eter streetsignseurope@cnbc, you can tweet me, steve_sedgwick coming up on the show, we'll hear more from the commerce secretary, wilbur ross as he defends the trump administration and tells cnbc why tax reform must go ahead.

welcome back saudi arabia's finance minister said saudi aramco's ipo will go ahead in 2019. the comments were made in a presentation to investors. previous reports suggested the company was preparing contingency plans for a delay into 2019. saudi arabia lifted the only ban on women driving king salman made the announcement in a royal decree saying women will be allowed to get driver's license from june of 2018. this is an attempt to modernize the country's oil-dependent solve e sovereignty. roy moore has defeated luther string in the primary in alabama. the white house had backed

strange. after the race, the president was quick to offer his support and congratulations to roy moore. the former judge gained notoriety for his defense of a ten commandments statue. the president gave a warning to kim jong-un's regime u.s. commerce secretary wilbur ross praised china's actions on north korea telling cnbc that the pobc's order to impose sanctions is a significant step. >> we'll know in november. we had good discussions with chinese officials, but this is the first chat on that topic we'll see in the coming days how it turns out after today, i'm on my way to bangkok, and then to laos.

>> this comes at a tile whme whh u.s. is pruti inputting pressur china to stop doing business with north korea in your conversations in china, what assurances did you get from the leadership that they will, in fact, follow through on these promises >> that's really a matter more for the department of state, department of treasury and defense. i got the impression they're quite serious about living up to the commitments that they've made regarding north korea. >> you say they're serious it took until last week for the central bank to actually issue those statements formally make the request. a lot of viewers were surprised that had not been done long ago

as a part of previous sanctions. what assurance douse have on the trade front they're cooperating? >> on the sanctions side we've been gradually ramping them up this is a logical next step and an important one because the chinese commercial banks had been a big route for facilitation of trade to north korea. the fact that pobc put out a taboo, that's big deal >> chinese custom data came out showing pyongyang earned more coal export income in august rather than january or february. the chinese buying this up this was before the latest u.n. sanctions. doesn't that show china's not entirely on board in cooperating? >> i think we need to look

forward rather than backward that's a gigantic step so assuming it followed through and assuming that the other parts of the sanctions are followed through, that's a very good sign. it's very, very important pressure what is the measure of the administration on the effectiveness of the sanctions at what point can you determine they've been effective on not just clamping down on the economy, but the weapons programs as well. >> sanctions are a means to an end. we hope this will bring a sensible resolution of the situation over there president trump is backing a framework for tax reform that the big six group of policymake sers s policymakeers is set to unveil today. >> the tax program is the single most important thing after obviously the budget and the

lifting of the debt ceiling. going forward, the tax reform is important. why? if it works right, it will increase the gdp growth by 1 percentage point 100 basis points what does that mean over ten years? $10 trillion more gdp. $3 trillion more revenues to the federal government those are gigantic numbers even for a country the size of the u.s. so the tax changes could be transformative >> the ecb's top bank supervisor says europe's bank sector is too big and may need to shrink he says too many banks are competing for customers and that many of them don't earn their cost of capital. have you seen the roes on some of these off the back of the statement the banks are outperforming on the stoxx 600. the polish president says that

changes in the justice department must be far-reaching but cannot be revolutionary. plans to overhaul the judiciary sparked marches in warsaw. we are joined by the ceo of bank pakow so much to talk about. do you want to talk about the political back drop to start off? there's been a political standoff between the law and justice party and the eu a lot of changes they brought in are seen as unconstitutional do you think the spat between the government in poland and the eu is going to exacerbate and create problems for the polish economy? >> first of all, i'm not a politician i run a bank >> we can run that caveat across the screen >> we are watching carefully, and i'm not in the best position

to answer this question. from what i can see, and given my years in poland running banks, i think lots of our clients, corporate, expect improvements in the judiciary system it takes a lot of time in terms of proceedings, in terms of debt collection to get things done. they have not really been transformed after 25 years of transition in poland >> let's leave that one on the table. look, i had the pleasure of going to warsaw at height of the financial crisis one reason why we were in warsaw, i was doing a tour around europe doing crisis countries, then compare and contrast i was in hungary, slovakia, all over central and eastern europe. i went to warsaw as well which didn't go into recession at the height of the crisis how has warsaw and poland more broadly used the window it got

it wasn't tarred with the same brush as a lot of central and eastern europe to build and improve? >> poland is the biggest economy in central and eastern europe. it's a fully fledged economy diversified. exports driven exports were helpful in times of recession. contribution of exports to gdp doubled during the crisis. secondly, poland has a very stable financial system. banks are very well ka pit rproe you were showing the profitabilities profi profitabili profitabiliprofitable there is gdp growth of 4% this year, and we believe it will continue this will continue for at least 2 to 3 years which leads to a boost in growth of lending so when i take a step back, and i also worked quite a lot in washington, the world bank and

came back to poland two years ago, i think the economy has transformed. now there's xhatchatter around investing in industries. you saw jpmorgan and chase moving more than 2,000 jobs. this is not only back offices, but also people who are data scientists >> everyone wants the next big tech hub i'm sure there's a silicon something in poland. why poland >> we have been very good in math, science, we are talking to a lot of small start-ups you would be surprised that people who are fresh out of college supported by the professors from polish top schools doing advanced data analytics for silicon based companies. i think this a.i. data analytics is where poland is strong.

there are a couple of promising companies. maybe this could be the next hub. >> talking to a banker from poland who has a 4% gdp figure on the table for the year, the ecb needs to get less accommodative otherwise we will risk bubbles in poland, warsaw and elsewhere? >> the central bank policy all around the world and in europe has to be driven by the ecb. i think polish monetary policy is an easier situation than the ecb. we expect hikes, but only late next year. >> do you see bubbles being created? i look at bubbles north of poland and south of poland i don't know if there's a warsaw housing bubble, i would imagine there is >> theoretical but also practical perspective, the whole cdp has changed. you and me living in big cities in europe, you are probably exposed to bigger inflation than the official cpi index

it makes rate setting very difficult. >> all right we will leave it there real pleasure getting an update. i'm glad to see poland is making a good fest of it. >> thank you >> let's look at those u.s. futures. they looked good about 20 minutes ago. they're all right. not shooting the lights out, but four negative days on the dow, but very small compared with the enormous rally we've been seeing look out for tax announcements out of the u.s. and the durable goods. european markets looking in fine fashion. that's it for today's show i'm steve sedgwick, coming up next is "worldwide exchange. most american homeowners would be shocked if they knew just how rich they were. the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home.

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bouncing back. the dow looking to open higher after four straight losing sessions. there could be one blue chip that drags the whole index down. nike posting its slowest quarterly sales growth in years. a deep dive into results coming up. and uber saying good-bye to quebec why they lost another battle it's wednesday, september 27, 2017, "worldwide exchange" begins right now >>