. a very warm welcome to street signs i'm steve sedgwick these are your headlines today. market plunges to lows not seen since 2009. that makes it -- support the currency as president erdogan is being targeted. >> this has nothing to do with the dollars. if they have their dollars, we have ours. stay calm. >> bbva and -- these are the --

jpmorgan downgrades the stock. one-day drop in 15 years a popular weed killer can cause cancer shares in gam holding. swiss group announces it will liquidate nine bond funds following the suspensions of -- very warm welcome to street signs. you're not seeing things it is karen and i on the show. we've broken out of our slumber. >> one more hour of us >> on holiday once again 100 stock market blue chip has fallen to the lowest level since march 2009

the lira meltdown continues. a spat between ankrah and washington the turkish center bank will provide liquidity to banks the central barng there monitor prices and take all necessary measures to maintain stability the ratios have been lowered. >> among the biggest sectors losing ground in turkey, the banking index, as you'd expect shed almost 40% this year. you can see morning sessions on -- a number of listed banks under pressure including under selling pressure this morning. both extended the selling today. 40% lower. not just in turkey here in europe, turkey exposed banks. bbva and -- are trading lower. couple of other names -- also

hsbc the same. investors are keeping a close eye. bbva has the biggest exposure through durant bank. that stock down almost 3.1%. we're in istanbul with more on this dylan, we're seeing dramatic intervention by the central bank and it's not enough. doesn't maintain the -- on interest rates that are -- >> cathere was an interview las night by the -- president erdogan's son-in-law he was promoted from energy minister to that role not so long ago he said there would be dramatic measures taken this morning, they'd be unveiling plans to use the institutions to try and stem the crisis he had given another presentation on friday to focus on the situation without

mentioning this. that's why investors got incredibly concerned about what the government was going to and not going to do to combat this free fall with steel and turkish li lira president erdogan has repeated, he's an enemy of increasing interest rates the current rate is 17.17% they're calling for it to increase as much as 300 or 400 basis points as part of a -- president erdogan is prepared to ask -- focused on propping up the lira with foreign currency holdings take a listen to what he said on saturday in a coastal town he talked about the need for people to take action in their own lives. take a listen. >> if you have dollars under your pillow, take these out. if you have euros, take these out. if you have gold, take this out.

immediately give to the bank and convert to turkish lira. by doing this, we fight this war of independence and for the future. >> he gave a number of these speeches at rallies for his supporters he traveled a couple of hours along the coast of the black sea to a town and addressed supporters on sunday to talk about the difficulty and relationship between the u.s. and turkey he feels betrayed by donald trump's decision to institute fresh tariffs on steel from turkey take a listen to how he talked about that souring relationship. >> translator: there in somalia, together in bosnia, in kabul, we've got the airport. how can you, the u.s., put aside such a strategic partner in favor of tariff organizations such as the pyd and the ypg. you're attempting to sacrifice your relationship for a -- with ties to terror organizations we'll do as the law dictates you can't make turkish bow down by ordering it around.

>> rewind a few days, there was a turkish delegation in washington, d.c. trying to iron out this reese ship. they didn't seemingly make a lot of headway they do not seem to have bowed down in erdogan words to that demand that may be why president trump instituted that fresh set of tariffs on friday. that triggered the latest down fill in the lira unless the central bank hikes interest rates in the near future, the concerns about confidence, about sentiment in the turkish economy will continue and the challenges for those banks despite this morning and businesses here when it comes to servicing foreign -- it will no doubt only worsen. >> dylan, the playbook here for this kind of situation, do you

turn to external factors it's the speculators, the foreign conspiracy, the united states as well we're going to cut back on dollar transactions. how is that playing with the domestic audience. giving a rubber stamping of erdogan's consent for the autocratic position as well. is there any sign we'll see consent on the streets of istanbul which from other places over the years can have quite extreme reactions on the ground? >> it's worth pointing out, since 2002, this man has had key positions. he had that landslide win a few months ago a question about the veracity of the vote counts but those have been papered over by his administration those who criticized him, especially in istanbul how the

sentiments he's expressing are particularly useful. they don't really believe -- this is a domestic problem this is to do with the need to increase interest rates and unless that's addressed by the central bank unless it's independently despite will erdogan's opposition to the increase in interest rates, they don't see any easy resolution to what's happening here. in terms of social unrest, that's speculating at point. a lot seem to be upset by this course of action [ inaudible in 2013, we saw the huge protests. >> i want to bring in -- you've been telling correspondents, what we're seeing is the spike in -- turkey has been pivotal to the migration crisis already -- some conclusions about what this could mean if there are fresh negotiations between turkey and europe on

the -- how they're -- at a time when turkey might be financially stressed what sort of conclusions will you draw from this and what does it mean for the challenges in southern european countries. >> that landlocked deal between turkey over the migration under which turkey agreed to hold people back from crossing into europe that was one of the main from turkey into greece in particular, that was a valuable deal worth about 6 billion a year that's something, of course, they're unlikely to look down upon because that's going to be very important foreign currency infusion of cash they need at this stage in terms of that relationship between europe around turkey, the turks did imply and erdogan implied when they go looking for allies, that would could some european countries as well as the likes of china they've been talking to vladimir

putin and -- tweeting in support of erdogan's position against the united states when it comes to steel in particular >> thank you very much for the coverage that was live from istanbul. let's move on. nice to see you. over the years you looked at many crises. some have become wider, led to ramifications in the markets where do you classify this one >> from a turkey perspective, there's elements of difference here which means this could get much more severe specifically for turkey you have a central bank that would be contained by their presidents whatever currency prices you look back at, there are a number of different measures that are

taken. monitor tightening is always one of them. the resistance on that front means that could carry on and get further pronounced levels of degrees. normally at this stage of a crisis, the markets are beginning to speculate about imf support coming in, some package to bring about stability that's another element of uniqueness here. that seems very, very unlikely after the speeches from the president. when you take it to contagion, from an emerging market, that's where the danger is. when you consider we've had 2 1/2 years of substantial currency appreciation, a popular carry trade, that is now beginning to reverse you know, there's a bigger picture story in terms of the u.s. dollar. from that perspective, there's definitely risk that this could become a wider kind of e.m. crisis given the level of --

>> the list of big countries in the world, big military spenders, big populations as well, political positioning as well turkey takes a lot of those as well when you say we're going to have no normal prescription of this crisis or stabilizer coming in such as interest rates, such as the imf involvement, that worries me that this can be something bigger rather than being contained. we've seen jpmorgan amongst others downgrading a select number of european banks with exposure as well you add this to the bubbling over concerns and i wonder if this is like a straw in the camel's back so to speak. >> yeah. i guess at some point you don't start to look at the -- what started all this is of course the -- if this continues and gets worse, that's going to be the potentially big change then the market starts to look at the united states, the feds i

think would quickly kind of move to the sidelines and then you could get quite a -- in terms of u.s. rates that would help to bring some degree of stability. certainly, from the specific fundamentals and turkey, you need that rate increase. the longer they leave us, when you look forward from an fx perspective and extrapolate where inflation is going in three, six months time you're now into easily 20% plus. therefore, you're extrapolating a more negative and more negative real level of interest rates. you're easily getting to the scenario where 5 to 10% is going from nominal monitoring tightening when you listen to what they're doing over the weekend, that's going to be very, very difficult for him to function. >> i'm looking at change in psychology, stepping up trends on the network to me what jumps out is the same through the heart -- the ec

bchb [ inaudible have we had a -- in italy around the italian crisis there was a spike in the -- we're seeing it again today, in turkey itself, extraordinary moves on foreign exchange. policy or exchange rate. you would expect that you would not see such moves when the stocks -- are we back to the old days where you can have a government in charge of pol that the market does not value that you can see a crisis unfold in the country. >> yes when crisis begins, the step is the spread through the sentiment channel. i think that is very much in may at the moment. because of this kind of sudden drop in confidence, that can spread to the vulnerable places that you have mentioned italy for example. south africa in terms of

deficit. you have political uncertainty there. one by one investors look at where there's some elements of potential fragility when it comes -- fundamental -- i think elsewhere when there were problems, such a low interest rate, that being afforded the luxury of the fed, the fed has been so low, if you move to correct a situation, you haven't had to move too far. is that changing now in some of the big emerging market currency and market countries, i should say, they could be impacted if there's a problem. >> yes i mentioned the fed. what's more worrisome closer to home, if this turmoil worsens and markets think this cycle is over and you hook to the ecb where you still have a negative

minus .4% race, essentially the ecb has missed the entire cycle in terms of an opportunity to raise interest rates and then for a loss of investors, then it becomes the currency is the only avenue for delivering the stimulus that's required given the limited scope that's available through policy. that's where you could get very, very substantial moves certainly from a -- perspective. if we move into a crisis that was emanating from europe, you could see some very notable news on the dollar to the downside. >> thank you very much, derek hall penny mitsubishi financial group coming up on the show, is the impact of plummeting lira spreads, they warn that markets can't be used against his government

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cost support options. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. stocks in europe have been trading an hour and 20 minutes so far the tone has been

negative you can see a number of in the red this morning big emerging market that is facing a potential recession or banking crisis that is the worst case scenario as they need to be funded and the amount of loans to be refinanced an inflation problem not corrected by interest rates any time soon given pressure from the president on the central bank not it lift interest rates. no win scenario for turkey the negative sentiment and the exposures to turkey from some of the european banks impacting sentiment in europe this morning. also, a big single stock exposure that investors had on the stock market under pressure based on a case over the weekend that has the potential to impact more fines and legal suits down the line tracking down by .4% see how it plays out on the broader industries if we show you those. the markets are weaker by spoin

6 on the dax it has trimmed losses. the italian yield spiked above 3% today there's concerns about the coalition government the pressure point in that market of that economy, iran migration of turkey, how europe solves the migration problems is front and center and in terms of what that means in that government in italy. by sectors, you can see the banks that have been -- a lot of the selling this morning about five banks here in europe led by bbva and spain have turkish exposure i mentioned buyout that's impacting the broader market and health care stocks. the biggest drop in 15 years for that stock oil and gas technology chemicals trying to stay at somewhat of an improvement. let get into that the buyers stocks as you look at the big

drops. taking it back to 2013, the -- >> [ inaudible ] let's go through the details it's set to have the biggest drop in 15 years a california jury says that a popular weed killer can cause cancer monsanto was ordered to pay $290 million to a man who claimed the -- gam investments plans to liquidate nine funds in the return bond fund after suspending the investment -- earlier this month, gam halted trading in the funds and it decided to close pending any regulation or approvals. meanwhile, they've -- in an interview with the national daily, the five-star leader said if someone wants to use the markets against the government, quote, it must be known that we

can't be threatened the comments come -- that rome has the resources to defend itself brussels. let's lock at the spread which as i mentioned was trading at or around 209 basis points. compared with the and currently trading. what have we got there .32 and 3.06 moving into territory of over 270 basis points british companies are softening from a brexit supply shock the number of applicants per vacancy has fallen since last summer that's interesting forcing many companies to raise wages. there was a quoted slowdown in eu's come to go work in the uk

a europe program research associate is here. we'll talk about the negotiations which we were talking about off camera in a short while. that's what brexit wanted. they wanted higher wages and less foreigners. they wanted more homegrown talent this is the most positive result so favre what has been a torturous process. >> i guess it's how you define positive outcome we're right in the middle of negotiations and there's a credible threat of no deal you know, the negotiations on behalf of the eu says around 80% of the terms of the withdrawals, there's still 20% they need to find some a fwreemt on if they don't find an agreement by october or at the latest november, there won't be enough time for -- to march there is a credible threat in that respect if you look at that perspective, the outcome is perhaps positive. >> one of the latest pieces says

theresa may needs to speak european i'm sure this is a new piece but you could have probably scratched out theresa may and said david may needs to speak european and you could have put in x number of politicians over the years. [ inaudible we're two years too late for that language, aren't we >> it's never too late to learn anything i think the point that was trag to make in the article, had a transactional approach to the european union you could call the shots if we agree and safely and loudly -- [ inaudible it's a different association dynamic. it's us against the eu we can't expect the commission to come up with -- they have

tabled existing -- those actually aren't good enough for us we're going to have to be much clearer on what we want and how that will work in practice this is why we say speaking european requires a sort of depth of detail and much more than we've provided until now. the former foreign minister initiated in the comments over the weekend claiming -- effectively talking about -- the concern more broadly is around positioning and whether boris johnson is going after elements of british society to try to rally support for political ambition that is could potentially derail brexit and impact the political dialog that we have right now. what do you make of his comments and what -- to business friendly brexit that theresa may is trying to achieve. >> there's been a lot of speculation about why he wrote that column.

is it just a pitch ahead of the party's political -- taking place in october, over the autumn demar indicating himself from the government showing he can have an alternate position i don't think it's particularly helpful at this point. i think boris johnson made clear why he resigned from government. he said it doesn't reflect the brexit that these voters voted for. again, my question to him would be, what's your plan and how would you see that working >> there's a lot of noise around not supporting the brexit deal, the resignation, his comments in the press. it sucks the air out of the political discourse on key issues brexit is a key issue. it's somewhat disruptive in the party to push forward with brexit for me, that would be the main risk. >> brexit has completely divided the country. it's divided government and parliament and the country i think boris johnson comments

here on not necessarily -- the problem is of course how the eu responds to that i think there's a certain element of empathy they know it's very complicated domestically they know it's tricky to bridge divides. equally, when you talk to the officials, they say we read your newspapers, we hear you. whatever the government line is, it doesn't necessarily cut through the noise. theresa may has a difficult autumn ahead of her and she's going to have to try and present a coherent plan and show that it's basically being backed by a majority in the country. we shall see. >> thank you very much eight months away from uk's exit and a dialog of the debt has replaced 44 years of common language thank you very much indeed very nice to see you juror geena wright -- coming up more turkey. we'll talk about the central bank which moves as president erdogan drums up support from

traditional allies a while ago i spoke to vladimir putin and god bless, this year has an influx of tourists from russia i think 6 million tourists will come from russia

what's the economy look like from where you sit

. welcome to street signs with karen cho and steve sedgwick these are your headlines turkey plunges to lows not seen since 2009 fails to support the currency as president erdogan says his country is being targeted by speculators. >> don't panic about the dollar. it has nothing to do with the dollar if they have their dollars, we have our -- stay calm. >> bbva and bnp paribas suffering fears over turkey. downgrading the stocks. bayer at the u.s. low. popular weed killer can cause cancer >> shares in gam holdings falling as the swiss fund group

announces it will liquidate nine bond funds following the suspension of the manager who ran them turkey stock market hit the lowest level in dollar terms since march 2009 as the lira meltdown continues to gain pace and diplomatic spat between washington and policy of home. what you've got, 3.2% slide in the market 2.5% of the open it improved and now it's going back in the opposite direction volatile trade is playing out. if you look at the pressure points, one of the banks there, down close to 10%. another big bank@the top of the charts the banks, as you can see, under more selling pressure. the turkish central bank announced it will provide liq d

liquidity as required. it will monitor market and prices and take all necessary measures to maintain stability announced climate ratios have been lowered 6.76 we were down 7 at one stage, which is a drop of 10% in the session. trimmed some of the losses but proving a roller coaster ride. >> among those set to -- 44.0% this year in the banks over in europe, three of the largest exposed banks, the ones listed here. let us take a look here at flashes from the turkey spokesman. these are ironic i can tell you that the turkish presidential spokesperson is speaking there's a couple of flashes. one says the central bank and the treasury and the banking watchdog taking necessary steps.

of course, a lot of international investors would disagree they're doing that. there's no central bank action in terms of interest rate hike i thought this was mildly ironic turkish economy is strong, no one should pay attention to speculative news they have some form of control or allegiance to the turkish government. >> a quick line on one of the banks. turkey's bank, shares 11.5%. trading kicks in with the circuit breaker there. it has exposures to -- credit. the direct exposure taking place in turkey today. >> one of the guests earlier, where do you think is the biggest exposure germany, they're close linked. i thought the middle european countries, the italians and the austrians and all that the spanish banks is one of the biggest concerns. >> bbva, second largest banking.

50% ownership. we mentioned the -- stock mar t market -- ing has a wholly owned subsidiary there 72% ownership of the bank. hs -- weighing up the exposures in that country. bbva was very clear saying it waned to stem inflation. exacerbating the inflation problem. >> we can't underestimate -- when you don't need rhetoric, talk about the actual numbers. before today's move, currently 6.5% lower versus the greenback as mentioned the turkish lira versus the dollar is down 69% year to date. month to date, 30% week to date last week, 26.2%. >> the stock market as we know in bear market territory we had a 17% fall in the course of year to date from friday.

down another 3 plus% today close to that left we're announcing a selloff of close to 20% let's get to other markets for you. safe havens -- japanese yen has been where you've seen strength. stocks by comparison falling sharply. hitting a one month low due to concerns over turkey as investors pile into the safe-haven yen we're joined with more from the ni nikkei talk us through there. >> the nikkei index finished 2% lower today continuing to slip for the fourth straight trading day. stocks sold across the board with 90% of all shares traded at the tokyo stock exchange according to the bank of international settlements, japanese banks are owed about 14 -- shares of major banks such as mitsubishi and -- were down over 2%.

another concern with the yen strengthening against the euro and the dollar and -- bore the brunt of the selling with toyota and sony among the top five shares sold in terms of value. the -- on the other hand, this is holiday week for many businesses in japan and the impact may be limited due to fewer traders than usual that's all from the nikkei, back to you >> russia's finance minister says moscow will decrease securities in the wake of new sanctions imposed by washington. speaking on russian state television, they said it was unpleasant but not fatal he added that russia will use other currencies instead of the u.s. dollar. russia's holdings of treasury securities declined 84% between march end of may according to u.s. treasury data.

attempting to limit the impact of u.s. sanctions on his company and plus by reducing his holdings he submitted a proposal to foreign assets control which would see the hoilds cut from 70% currently to below 45% the shares would mainly be transferred to russia's banks according to the report of the financial times. a look at how european markets are traveling an hour and a half into the trading session. still got selling the dax is down half of a percent we're seeing some of the losses trimmed in europe. knee jerk reaction at start of the -- [ inaudible fears about what migration policy could look like in that country as you have a cobbled together coalition government that the number one focus is tackling on the migration

crisis you can see why there's caution around the italian trade fx, the -- [ inaudible the dollar losing ground to the japanese yen which highlights that around the safe-haven japanese trend the dollar making gains. we are going for a shift change here, steve. >> absolutely. let's concentrate on latin america ramping up capabilities to provide better health care. >> health care at sap and joins us from frankfurt. martin, great to see you today we've heard many times about how there's a technological solution

or at least we could have an injection of impetus into the solving of many onuses the alleviating of many of the western problems because of an aging democratic democratic from technology what dos that mean for s.a.p. shareholders >> first of all, thanks for having me. i'm currently seeing -- we see patience and consumer more and more in the center as you for sure know, s.a.p. has 25 industries and other industries -- by consumee. secondly, i found it important that -- are important for our patients out there it's not the service, it's not the things that are provided it's about the outcome that is important for you as a patient secondly, i would also look at the workforce. we see with the technology that s.a.p. provide, the workforce is

going to change. the doctors and nurses relieved from their borrowing stuff but rather can focus on the patient at the end of the day. using data from an end point to create new treatment and methods. last but not least, might be boring for one of the other other optimizing the processes from on the one side, from the clinical standpoint to patient billing and also to financial and -- management. >> martin, i hear you and irrefutable that these are brilliant trends that release the health care professions from the boring stuff they're going to hand a lot of the input of the boring stuff over to the patient or people who are working with the patient less qualified than the doctors and nurses as well there could be a lot of medical errors as well if we're getting people who -- like me and others

who don't know medical processes, who aren't aware of the importance of certain input. it's quite dangerous, isn't it >> first of all, even the patients, i would say, become more and more experienced. when i'm with you, we need to be careful that the data is not used in a specific context i'm not a big fan to just throw, let's say, a treatment proposal at a physician but rather, come up with information that a physician needs at this particular point or can help him if he forgot a specific treatment for instance that it can go back and does it with a patient i'm totally with you on that patient safety is of most importance from that standpoint. >> interesting comments from eb heart, global head of s.a.p. talking about the affordability of the product out there as well we know from the national health service in the united kingdom. elsewhere on the globe that the

health budgets of states, countries of, of cities, it's under strenuous benefit. what about the cost infrastructures. the cost implications. are you getting cost of these products down because of the mass usage >> so first of all, obviously of those products come from mass production costs are going down, that's true on the other side, we need to think about i.t. and health care i'm totally with you it's a cost driver it needs to change because of digital transformation is paying for the patient safety at the end of the day it's no longer only about streamlining processes it's rather, also about patient's outcome at the end of the day. this is where i.t. and dij -- it's not so much a question of the affordability, it's something we have to do in the future >> i want to talk about curing cancer that is the big one when it comes to health care

no one has been able to effectively do that. i know when we talk about the company, we talk about the technology approximate plplatfo. >> first of all, if you allow -- i wouldn't call it curing cancer curing cancer is something that still takes, from my point of view, to -- it takes a while what i would say, first of all, we're trying to overcome the different data -- if you go over to the cancer center in paris -- [ inaudible we're going to use different data [ inaudible secondly, we need to make sure unstructured data -- the data needs to be clean. the researchers, the possibility to make decisions on data. this is how you biomarkets --

this is how new treatment methods will be identified for the future this is going to change cancer let me express very clearly here we need to look at the human component. we always need a physician and nurse for the patient at the end of the day. >> thanks for joining us global general manager of health care at sap. a quick update out of turkey the foreign minister has commenting saying the u.s. should not chief results with threats. turkey has done enough to repair ties with the u.s. inflamed relations between the two countries. we're seeing a number of different issues around turkey, around an economic crisis, banking crisis i want to take you to what you're seeing. [ inaudible

for the banks, different story we are trading down close to 10% on this bank sector. a number of those different banks have been -- the circuit breakers kicked in and halted trading in the banks we have seen turkey's biss banks shares drop. they were halted shares are down 11.5%. it was halted from trade another bank, too, we're seeing similar-sized share moves. investors have not been calmed by the latest measures by the central bank or the finance ministry tiger woods falls just short of a win at the u.s. pga championship more when we come back man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission

with dosing every 8 weeks. woman: stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before or during treatment, always tell your doctor if you think you have an infection or have flu-like symptoms or sores, have had cancer, or develop any new skin growths, or if anyone in your house needs or recently had a vaccine. alert your doctor of new or worsening problems, including headaches, seizures, confusion and vision problems. these may be signs of a rare, potentially fatal brain condition. some serious allergic reactions can occur. do not take stelara® if you are allergic to any of its ingredients. man: are you fed up with crohn's symptoms following you? talk to your doctor today, and learn how janssen can help you explore cost support options. remission can start with stelara®.

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american brooks koepka held off the challenge of tiger woods to wint u.s. pga championship. this is the big question, why tiger didn't win but is it

koepka >> there's a series of communications >> koepka. >>let get used to saying it. he's won three major titles. >> didn't have a clue. >> she made a point earlier on saying that brooks koepka. >> whatever his name is. >> is not getting enough attention. i think the attention was so much on tiger woods. he kept his nerve and kept out the challenge of tiger woods we'll start here wins a third major tight the overall. these are some of the shots he was doing. he held his nerve through the whole tournament six dropped shots throughout the course of the four days. bearing in mind that tiger woods

was breathing down his neck. what a back nine a proper throwback for tiger woods. he was ruled around the course by huge numbers. so many more than were following the leaders adam scott and brooks koepka. that was -- this was tiger woods on the 18th. rolling in another birdie putt he was tied sixth at the open and now he's finished second >> the rankings? >> the rankings. the rankings come out weekly what's interesting is at the moment is the fact that the us pga, the u.s. team for the ryder cup, the top eight has been formalized tiger woods not in it. brooks koepka leads it he lead it huge amount of momentum for the americans. we can hear from brooks koepka now because at the same time, he knew that tiger woods was

breathing down his neck. he held out. >> so we knew what was going on. it's pretty obvious when tiger makes a birdie, i think everybody at the golf course cheers for him i'm sure everyone was rooting for him. the crowd was unbelievable with the amount of people that were out here is incredible >> one man we know how to say his name completely is tiger woods. 20 years or so he's been involved in golf roller coaster time over the course of the last decade. brooks koepka knew that he was being chased down by tiger woods. tiger woods, though, ominous -- has he felt better at a major tournament in a long time. >> not for a while, no i was pretty ticked at the british open i had to leave there this one i never quite -- i had the lead there this one i never quite had the lead it was a golf course in which i

couldn't sit still and make pars and be okay with it. i had to keep making birdies the golf course was soft, it was gettable. >> tiger wood not one of the top eight automatically going into the ryder cup team but a huge amount of momentum. i'll tell you who is in the team koepka, justin thomas, patrick reed, bubba watson, jordan spieth, rickie fowler and webb simpson. four more picks to come. phil mickelson and tiger woods in contention and likely to be two of the picks for the tournament at the golf national at the end of september. >> tiger wood, huge name recognition, but he can't keep it clean the ongoing scandals around shall tiger woods. >> still. >> still which is a problem for sponsors in terms of whether they want to put their name or have been wearing their shirts koepka, how does he come into the mix as new blood, fresh

face has he got the charisma to pick up the sponsorships. >> arguably less so at the moment you heard from him talking that he's a straight guy, quite a team around him, close team as many golfers do. in terms of the personality that comes out of, say, some of the names i mentioned there. elsewhere on the u.s. team, rickie fowler for example, he's a young guy, always gives time to the media we know about him on the final day of a major win, bright orange those things resonate with golf wins as much as the purist who enjoys the sport in terms of sponsors outside the major golf, maybe not at the moment considering he's won just in this calendar year, i'm not sure that sponsorship is too much of a concern for brooks koepka. at the same time, he's enjoying himself on a golf course let's be clear, listen out for the reaction at the ryder cup

when he starts dropping putts and scoring points for the u.s. team maybe fans will see a more identifiable side of koepka. >> mashed potato >> got a month to practice that ahead of the ryder cup. >> thanks very much. see you tomorrow night. we'll take you to a quick look at how u.s. futures after a challenging market in europe and across the week giving the negative sentiment around turkey u.s. market will open up on the back -- at the start of the trading week that is all for street signs i'm steve sedgwick. >> i'm charn cho. >> we'll see you another four hours if you're lucky tomorrow you might take something for your heart... or joints. but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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it is 5:00 a.m. at cnbc global headquarters. it's 12:00 noon northbound turkey here are the five important things to know turkey remains in focus. currency hitting another all-time low will this set off a global currency contagion global stock markets feeling the impact right across your screens this morning many asian markets are tumbling. new details emerging on the stolen airplane that was crashed outside of seattle over the weekend. tesla, are they one step closer to being taken private conflicting reports that have investor