it is monday's edition of "street signs. i'm steve sedgwick these are your headlines spain's ibex falls and is lowered by the banks after violence around the catalonia referendum leaves people injured in police clashes. the catalon government says they have earned the right to have an independent state.

las vegas police say there's been a shooting at a music festival that has killed two and left 24 injured. over 100,000 passengers are left stranded over europe. monarch has gone into administration and it's boosted its competitors stocks. top stories, spain's ibex is here companies across all sectors as you can see are suffering with the banks amongst the hardest hit. violence broke out in catalonia as they tried to stop people from casting their votes according to the catolan health department, people were injured with security forces

they fired rubber bullets and used batons and demonstrations lasted long into the evening they're calling for the resignation of the prime minister they say 90% of the over 2 million votes cast were in favor of leaving the catalon called these activities appalling. >> translator: on one side we have violence and shame and on the other violence and democracy. this is an election that we ask for from the european institution tsz and from the governments of other countries they want to build a more open and democratic world. >> the spanish prime minister condemned the vote

he praised the work of the security forces for, quote, unholding the look of law and urged all sites to come together to plan for the future >> translator: at this hour i can tell you in the strongest terms what we already know and what we are seeing throughout this date. there has not been a referendum on south ka lone that. they have not participated in the referendum and in doing so they have been able to stand side by side with democracy. >> we have venom on the ground down in batalona you can update us on what you actually saw i'd be interested in your

personal experience and tell us where we go next. >> we went to a number of sites and people were going in in groups at 10 or 12 at a time when they left they'd be greeted with applause, the crowd would move about a yard forward, allow them out and step back to protect them from the police i'm happy to say this morning we're joined by a member of the european parliament. you were doing your best to protect the polling station. what was the experience like for you as a european politician >> well, european union is built on human rights, dem kri sis the spanish is hot

so-called democracy. they have been suffering in the last hour of history yesterday i leave in the center of barcelona and i -- we still managed with my neighbors to defend our school. it was not only the question of staging the broking because it is destroyed everything. we also are aware of defending we have 1,000 people there >> you're a member of the european parliament and spend a

lot of time in brussels? >> yes. >> are you surprised the european union and commission -- let me say not with a capital issue. 2009, not the personality of jack delores now it has become security of the spates states you have nothing to say this is the way it goes. >> al million representative speak jeffs -- speakers.

people like mr. rajoy, do they have any easy options at this point? >> we have a democratic mandate in the area. we have an absolute majority wasn't in a way to declare it. we wanted to show the world that there is a really and truly need to become independent state. do you think the turnout will be key? if the numbers were finalized, obviously there's lots of voccing to be pushed do you think the turnout that we saw 77%, do you think that does give the regional the office

here, we could not imagine such disproportion natd -- the head of the danny doyle tv. spanish government threatened cat along press and government to go to fris son. so we have to wyatt what would be the next area >> reporter: you're going to have the power to do so, to jail anyone. >> what would you call for him or madrid to do? >> we are asking that -- we are fighting to be our votes recognized what you cannot ignore is that there are about 3 million catalon people who want to vote. even the polls shows that 82%.

then it wasn't as scholar in correct, to lal low their tires move when you because the pocky good. i'm not going to recognize this vote if you have a majority -- >> yonlt voting and wanting the desir to get you hurt. what do i bring we have been seeing them since the last monday that there will be a referendum 10,000 people yesterday going around the country they only got 10% of the -- they only could block 10% of the polling stations

there was 90% of the voter majority after yesterday more cat at that longs with push frame. >> that was a member of the european member of the parliament from barcelona. people were saying yesterday that what they saw over the course of the morning, steve, would definitely inspire them to go out and vote. for many, it means they will vote for independence versus not. >> would a different tax arrangement for cat at that lone yeah, would that actually sayin satiate people something i was reading about. i was wondering if you have any views or thoughts on that. >> reporter: people that i have

spoken to over the course of the weekend, steve, follow this more closely. they were saying back in 2006 they got much closer to what you psy. they claimed piemt in cat alone yeah here have been trying to restart. with madrid they've not been heard over the course of the last 500 yearfive years the gap between spanish and german bond yields hit the widest point based on what's happening in catalonia chris, i think this fits in. good morning to you, by the way. >> good morning. there is calm, almost complacency.

there's a draghi put, qe put do you think we're being led down to have a violent reaction at some point? >> the biggest complacent things it's rejecting globalization, rejecting openness that clearly has implications for economic policies as well. it's politics we should be fearful of. >> we had -- root gentleman, there was in paris again, a big sign of reliever as well when he got in the lis. with the situation in spain. you have rumbling brexit as well we have gotten resurgence of three popularized situations which have led to a little bit

of eroding of that confidence from the establishment. >> i don't think populism is the majority it brings the policy discussion into the open. with trump and the policies in the u.k., we'll get from theresa may. populism does have an impact on the establishment. >> what does that mean for you as a big fixed operation >> i think the one stable force is the central banks >> support markets or subvert markets? >> i could answer both ways. it depends high prices of low volatility and eventually -- i think they

do that. that's why we keep on steering the credit union arrangement away spanish ten year four month over german bond yield. spanish bonds over small chains. what could happen there? with a little clarify -- i think if i'm putting pressure on spain, but taking the medium turns -- and how it engages in $10,000 are there. i think it will continue >> let's go back to basic

economics as well. the manufacturing figures yet again across the eurozone. they have a high since 2011. really, really good figures. no one happier than me that will have more. it lasts for 6%. is inflation back? does draghi have to ignore politics and concentrate on data >> people like me are looking for higher bond yields for quite some time. >> how does that feel? >> we have a strong global economy. pmi basis tells us that europe is participating in this global expansion with what the feds are doing to normalize regulations so i think there's lots of things pushing bond yields higher that in a way is a good thing.

it tells there's confidence in the global economy we will see growth continue into 2018 we will see costs normalize. >> if you are at a stage of your career where you have to think about your pension more imminent, for other reasons of earning fixed income as well, where is the best place. a question where is the best absolute place to put my mother rather than relatively. >> figure at the moment every election a lot of recovery stories, plass like brazil and i think the macro story is quite interesting. plus, we've had a recovery in commodity prices the dollar is something to watch. if the dollar continues to strengthen, that could be a bit of a head wind. >> there's a huge bet. there's a bet with 40 put debate

tightening between now and the end of 2018. if the market thinks the u.s., the fed still has 100 basis points as well we have the punts that the market is making on u.s. interest rates although i totally get the point about extra yields that you get from owning u.s. paper, it still carries a big risk in the market, too calm and too complacent. >> if we make a distinction between rates and credit spreads, a credit story is a corporate credit story your absolute return will be pressurized by higher rates. >> thank you very much for taking the time. chris iger. a hostile spokesperson in las vegas says at least 2 are dead and 24 injured during a slooting at a music vegas strip. the .confirmed that suction what

i was saying these are live pictures of the scene. we're going to bring you more information as the details of this unfold. more to come those are pictures from the strip. we'll cross lines in las vegas to get an update on the ground ♪

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welcome back to "street signs. brittain's monarch airlines is shutting down immediately. they've authorized chartering flights to help more than 100,000 customers who are stranded overseas. it's the largest airline to enter into administration. passengers don't go to the airport, there will be no more monarch flights. let's take a look at how their rivals are reacting. they have huge scheduling problems ryan air and easy jet trading up

2.734% respectively. u.k. transport minister says there has already been -- he's already been in touch with other airlin airlines to hire the other employees. there's a price line on the airlines you'll recall the discussion about what a murder rouse environment there is and not explaining to be able to travel. someone in showing an affair which is subject to availability. mark zuckerberg has used the religious yom kippur to ask for

forgiveness. he's regretted the way his work has been used to divide people they will hand over thousands of russia-linked political ads. let's talk about uber. a classic case of back seat driving, question mark travis kalanick has appointed two new board members to the ride sharing company his move comes to reduce kalanick's issues. meanwhile, dara khosrowshahi is trying to get another area open. >> in essence. he has a huge reform on his

hands. he knows it's been in a mess under kalanick scandal after scandal and london really is mr. khosrowshani's first test he has to come here and show that they are a responsible, grownup country. but at the same time he's got the shadow of mr. kalanick looming over in a separate foint. >> in terms of -- let's talk about the corporate sides of things we've got this soft bank investment potentially on the horizon as well. is this because of that or in spite of it? >> it's very much a power play so we've got a vote coming up which essentially has been put forward by goldman sax it says we need to form the voting structure and power that travis kalanick has in this country. he's reportedly who has packed

him. that's one of the main reasons here in the end kalanick is looking to the future to a rrn at a high role, maybe chairman or ceo. that's where this is coming from. >> is this about the fact that a lot of investors are worried a lot of investors want their money out, they want to cut and run. >> they really do. some are hoping for this soft bank deal. one of the proposals put forward by goelt man sass and 29 billion for doing that we've this scandal and looming

problems and regulatory environment and the broader corporate government structure. >> tell me about london as well because i have enormous sympathy for the london taxi drivers and the investment they make i have empathy for the 40,000 drivers can tell. >> we've siege soeen some come e market aggressively, break the rules, laws in the country and deal with it after often they come in, have a chat with regulators and if they make a few promise from spain and the appeal process will -- >> when does the band start? they can start -- >> now >> yes >> the appeals process is going on uber drivers are allowed in

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welcome to "street signs." i'm steve sedgwick ibex falling violence around the catalonia referendum the catalon government said citizens have earned the right to have an independent state at least two dozen dead and two dozen hospitalized following a meeting on the las vegas strip

over 100,000 passengers are left stranded they're boosting the stocks of the u.k. competitors las vegas police are briefing the media and public for a shooting on the strip earlier. let's listen in. >> 111 pounds. we have not located her at this time and we are interested in talking to her for follow-up two vehicles we're interested in locating and we need your assistance with that we have a hyundai tucson with nevada plate 114b 40 and a chrysler pacific a touring nevada plate 19d401.

these are the plates registered to the suspect that below dated at the mandole bay there's a couple of things needed to occur at this time one is, the red cross is responding to the headquarters here at the police department at 400 south martin luther king to receive any phone calls from family members who are trying locate the family. that number will be established shortly and fwit it out here to have cell phone video or any type of video soesh yated to the event, please respond to the metro department police head kwauquart ers. if you have it and you think it would be benefit, bring it down to headquarters. family members, if you are

unable to call or you do not want to wait for a call, you want to respond in person, we have set up a family retreat area for you to respond so we can help you locate your loved ones here at the headquarters. you will be contacted by a police officer here at the headquarters and they will direct you where you need to go. standing with me is special agent in charge of the fbi aaron rousch he is assisting with the investigation which is ongoing then we have fire chief greg cassill. as far as the number of victims, i cannot give you an accurate number we have well in excess of 100 injured and in excess of 20 plus that have died at this point so we will get those numbers to you accurately as soon as we can, but please bear with us this is an ongoing

investigation. we are comfortable that the primary aggressor has expired and passed away and is no longer a threat there has been multiple, multiple phone calls and conjecture that there's multiple others and that is false explosives going off, that is also false the only explosive was from us we are pretty confident that there is no longer a threat other than we are attempting to locate a person of interest. >> [ inaudible ] >> no, not at this point we believe it's a local individual he resides here individually i'm not at liberty to give you a place of evidence we don't know what his belief system was at

the time. >> [ inaudible ] >> no, we have no idea at this point. it's an ongoing investigation. as you can imagine, it just happened please bear with us. we have all the forces to bear from public safety handling the situation. okay i'm going to say this one more time, we do not know it's an ongoing investigation. right now we believe he is the sole aggressor at this point and the scene is static. we are attempting to locate the person of interest >> [ inaudible ] >> yeah, we have -- i have two police officers that are currently at the hospital. one in critical condition, the other one minor injuries there are other police officers off duty. >> we do have to get to nbc correspondent jay gray in a few moments time who can update that. let's take a look at u.s.

futures. we are looking at an incline after record levels last week. record closes for the s&p, the dow jones and nasdaq banks with very strong performance and tech having the fifth straight positive quarter. wto also best quarter since october 12th very positive income there there have been market by lines posted the midline flat ftse up. we have the spanish ibex which is currently trading down exactly 1% we have the euro dollar trading $117.40. having us around three cents a pound versus the dollar since the most recent fight. u.s. secretary of state, rex tillerson, is wasting his time negotiating with north korea he said the u.s. will do what

needs to be done tillerson said the communication remains open to discussions. elsewhere, u.s. lawmakers have asked president trump to stop attacking puerto rican leaders nbc's jennifer johnson has more from washington. >> reporter: with about 95% of residents without power and running water, puerto rico is still reeling from hurricane maria. president trump goes there tuesd tuesday. she had attacked the trump administration in action. >> i am mad as hell. >> today a more conciliatory tone. >> there's only one goal,

producing results. >> the white house says they're spending hundreds of millions to help. >> when the president gets attacked, he attacks back. >> reporter: the president tweeted sunday we have done a great job with the almost impossible situation in puerto rico outside of the fake news or politically motivated ingrates nkts the president instead of tweeting against the mayor of san juan who is watching her people die ought to roll up his sleeves and get to work here u.k.'s governing conservative party is holding its annual conference in manchester in the speech they're defending the economic model this means he will be listening

intently i'm delighted to have the governor of the cbi. i know you're booked to speak in a few minutes. i don't know about you, but i think my talks with most of the people in the city, i'm getting a lot of dismay. a lot of people, ceos, are talking about as well. how do you feel when the business and government mode in the atmosphere >> businesses are very concerned. they're concerned about two things one is the brexit progress, but actually the chancellor speaks this morning is a real opportunity for the government to set up its plan also for the domestic economy firms are very keen that oxygen is not completely used up on brexit, i will see real vision for innovation, infrastructure, skills and the chancellor we are

hoping sprets light. >> are your members getting up on working with the government at the moment? that's a lot of impressions i'm getting talking to people on and off camera >> no, that is not what our members are seeing the engagement with the government has been good in a number of areas. if you've seen the progress on transition agreements. now the next challenge is to agree that transition with the european union, we must face outward instead of inward. let's engage with the european union. let's work on what needs to happen to get that deal and to get the shape of the deal within six months. >> how do you feel about this infighting you can't get the government to say anything bad about mr. johnson and we all know what's

going on here as well. you must look at it with dismay. >> well, we do need strong leadership at the moment i go back to the points that the interim of politicking is a distraction for many firms from what really matters which is a proper debate with the un row mean meeting we need to look outwards and not inward rather than the internal politics. >> there is a polling situation going up, i know you do it, i think what you guys have said, uncertainty facing the u.k. systems has become absolutely intolerable. i cannot believe these amazing people that work behind me have their areers, their families, their future threatened in this debate as well both sides need to bang their

heads together, don't they, carolyn? >> it is intolerable the people don't know if their futures are safe this must be resolved. something that france's owe grady and myself spoke up about last week. we must see resolutions of this. >> on brexit, i may just move on corporations want too much from the government as well they're not increasing their own productivity and they're not training up young people i hear it time and time again. do you think there's any sea change from the medium sized corporations to taking an a griggs sieve they don't need xeu.

>> i think there is a real challenge and opportunity. we have world class universities, cutting edge research, we have firms who are really at the top of their game on this but we do need to get training right it's one of the reasons why we think there should be training yes, there is an opportunity here firms thinking about this invest 46 billion pounds already. the next phase is to see how we trade people throughout life >> you are one of the people celebrating bank of england independence last week rate hikes as early as november. the u.k. has the manufacturing impact pmi trading at a six

month high rate hikes are coming. have they used, cut you will do you feel things are going to get tighter? >> i think this is a real challenge for business we have some good things going on in the economy but we also know we have gone from the top of the t seven group to the bottom we are facing challenges with inflation and cost input i think that is so good. we need to go back and resolve the brexit, outline a trade deal within six months and going back to the chance to speak today, that part nothership with business, business as an eng neither at this. we should be trying to grow our way out of prosperity and that's the opportunity that we have

now. things are going to get tough but we can grow our way out. >> as the labor party goes to the left and they're trying to pick it up, caroline, do you have a feeling that it's not okay to earn money and for corporations to make a penalty >> i hope we can get the future budget. >> i really hope we do i hope this is a moment for our economy to decide what kind of economy we want to be. the model of a competitive market, responsible capitalism, this is a model that has served the u.k. extremely well. if we look at the rise in living standards since the 1970s, it's been extraordinary it's not perfect we have a lot we can do to get it better. the commitment about creating

the circumstances to strive, great public services. as i say, we can grow our way out of prosperity. this can be the engine. >> thoroughly enjoy speaking to you. have a good conference we've had an update from las vegas. police say more than 20 are dead now. 100 hurt in a shooting at a music festival on the strip. police department said one sus spoerkt is down and they do not believe there are additional shooters we'll take a short break. coming up, how shell is preaching fora sllma ♪ yes you can ♪ can i kick it?

♪ yes you can ♪ well i'm gone

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. a look at the markets and how they performed at the end of the last quarter

one quarter left and the rally has been extraordinary the dow up 2% in the last quarter as you can see on the right-hand side of the screen. didn't hit a new record on friday and the s&p and the nasdaq terrific quarter techs were very, very strong i'll show you the s&p. go to the s&p please 3.96 oil had a stunning rally over that period as well. the best quarter since -- second quarter 2016 it was up 12% 11.1 i understand it was 12% figure according to my copy really big moves as well gold had a 12% run quarter change 3.4%. crude oil, 3%.

palladium, 3%. gas oil was up 7.6 we have the executive vice president of shell retail. nice to see you. amazing corporate branding ben is wearing such a shirt. this is the shirt that we'll get this over with all your retailers are buying th -- wearing this as i told you before the show, this is not something we developed for this program this is what we wear normally. >> you have a ferrari badge on

your right shoulder. >> it happens. 60 years of partnership, a good weekend, not so good weekends. 100 years of retailing, we've had very good spells >> let the advertising be over and done with. john abbott last time i spoke with him said it's the downstream where you see the greater investment of profit or broader shell. it is for a lot of these companies. i'll ask you a similar question. is retail where it is at for the major oil companies? because people like me and others spend all of our time obsessing about opec, obsessing about barrels per day as well. tell me why downstream is more important? >> many people would know shell is the biggest retailing outfit.

the good news is we are growing in the last two years in markets, some of them are bigger like mexico. very important market, portugal, cypress. we are entering with the brand 100 year's journey has enabled us to grow this brand. this contributes and contributes all the time >> selling this is a terrible business for shell and other iocs but you're doing something else now and it doesn't seem and it was going to go the customers would like to have a good cup of coffee to pry for the answer

it's huge growth now when i talk about, for example, coffee and i work for an energy company, i try to put across the point, i say, well, we like the black liquid which has a margin of $2,000 a barrel. immediately that can be translated into something that is understandable. good food, good coffee, good drinks. >> do you partner with anyone? >> we partner with people who are really strong, postal express. we own 20% of them in the world. >> look, tell me about fuel as well i'll ask them three times how many fueling stations they have in the u.k for the third time i managed to get out he had three, three in

the whole u.k. it's all very good we go and buy it it's basically we are studying what people want we see people are buying electric vehicles but we need to understand numerous customers are buying other type of cars. it needs to be satisfying. what we're doing there, we are introducing electric charging in the united kingdom, the netherlands to make sure the consumers will be able to fill it out the interesting thing as well, in a good family what you find as well is the study, you have a different type of cars we really need to be catering to every single customer base that's what shell is trying to do that's what it's been doing. >> i've got about a minute left. i think countries and companies have done with diesel has been an absolute disgrace

we've been led down a path it hasn't been what we were told and so far what do you think these are playing a we will. as i said we are approach this from the consumer. >> it's going to be long term. >> i've got to let you go. i love the shirt thank you very much, indeed, for joining us hold here for a second executive vice president of the shell retail u.s. futures mildly higher at the start of trade that's it for today's show i'm steve sedgwick "worldwide exchange" is up next here on cnbc okay, i never thought i'd say this, but i found bladder leak

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breaking news out of las vegas. at least 20 people are dead and more than 100 others are injured following a shooting at a country music festival it happened overnight near the mandole bay casino witnesses saw muzzle flashes coming from one of the upper floors and the sound of automatic gunfire. the shooter is dead and they were searching their universit