community in the future. . welcome to "street signs." i'm willem marx. shares of atlantia shares drop sharply. infrastructure strokes across europe are also hurt as the italian government warns it could renationalize motorways. carlsberg beats on second quarter earnings and ups its full-year outlook on the back of strong beer sales across all major markets. and henkel opens sharply

lore after cutting its full-year outlook. rising raw material costs will weigh on earnings. fresh information from the norwegian central bank, they will keep rates unchanged. there were no new signals expected after the meeting, but after a series of mixed numbers since the last meeting in june, this is not a surprise to many analysts foreinflati core inflation was out in july, and they expect rate hikes in september, but for now no fresh signals. atlantia opened sharply lore dragging down the ftse mib they have hit back at the government after a threat from

giuseppe conte to cancel concessions. the operator has been blamed for the collapse of a bridge in genoa that left 39 people dead mr. conte said the government could revoke the company's operating contract and would not wait for the findings of a criminal investigation >> we will revoke the concession to the company aside from the verification that the criminal justice authorities will conduct of course we'll let the criminal investigators do their work. we can't wait for criminal justice. we have the obligation to act so every citizen can travel in safety hence we'll move independently to revoke concession there's no doubt that given the present system and the current agreement, it was the binding obligation of the running costs and to keep up the maintenance of this bridge, making sure everybody can travel in safety >> in the aftermath of the

bridge collapse, the interior men city and the deputy prime minister has questioned whether italy should follow fiscal rules if they might prevent rome from renovating its infrastructure. atlantia says they should be compensated if other contracts are withdrawn or terminated earlier. the deputy prime minister said the state would have to take over the motorways if firms were unable to do so. looking at that share price, it's a pretty difficult performance for atlantia, down almost 24% on the day. to give you more information, they manage 3,000 kilometers of toll roads in italy.

there are some concessions from the government that are due to run until 2042 goldman sachs says more than two-thirds of atlantia's earnings come from italian motorways. should investors look at this language from senior italian politici politicians, particularly the five-star, the rushes to judgment over culpability, the blaming for this terrible tragedy on corporate owners, calling for executive resignations, we saw that from the transport minister yesterday, should companies look at this and be worried about the state and its dealings with the corporate sector in italy? >> yes, they should be worried about the government that basically by threatening to revoke concession, by calling for resignations of board members, it's showing it's not respecting the rule of law in

italy first. second, they should look at the crisis management since the accident, which has been appalling. the statement this morning is written by lawyers, not necessarily the right way to communicate at this point. there are huge concerns here this government has created a huge political theater around it they will milk the story as much as they can. and it creates all sorts of concerns especially to potential investors looking to invest in italy in any kind of infrastructure i doubt they can revoke the concession everybody in rome is skeptical about that this is a government loves headlines. this story gives them capital, political capital, no matter what is the cost

>> so the key man, pepe grio, says they should renationalize the management of the nation's highways it was privatized years ago for what reason? to raise money >> to raise money, but there is no authority that manages them the blaming needs to be carefully balanced here. it's far too early we don't know what happened. and they are now calling for the nationalization of the highways. they have no resources for that. >> based on your experience of how the italian state runs public infrastructure, would they do a better job >> no, they don't do a better job generally speaking let's look at the way in which they're managing other crises.

on top of that, we don't have the resources to compensate and to run these highways. the five-star is the party that made a huge political capital about opposing any kind of infrastructure, including the alternative to the bridge that just collapsed now they're spinning the story as much as they can. >> is there any basis for what mateo salvini said about european budgetary constraints as a reason for why the italian government in the past may have not spent more money on infrastructure >> the last time i talked, the eurozone doesn't have a bridge policy, doesn't allocate infrastructure spending. the bridge that collapsed is run by a private company regardless of whether you have more or less state money, you are not supposed to fix it for a private company. so, again, the five-star is

scoring points on one side by going after atlantia, the bennaton family and so on. mr. vsalvini while people were still being rescued, he was scoring points with the european union with no ground what so he ever >> italy spends more money maintaining old bridges and other infrastructure related to its roads than it would if it was to replace all of those roads. tens of billions of euros. is that because there's a lack of political will to make those tough decisions, it's easy to kick it down the road, spend a bit of money every year rather than a huge amount in one go >> it's a process which is difficult. there's continuing legal appeals against that we have not seen significant spending the five-star has been the main

political force opposing any kind of serious infrastructure in italy over the past five, six years. let's look also how the five-star is managing the infrastructure in rome where the five star has been for some tim time >> we are talking here about infrastructure, that's a challenging thing to deal with in italy there's a huge number of bridges, tunnels to be replaced. in terms of companies that deal with the italian state in other sectors, whether we're talking about defense or anything else, should they be concerned about the rhetoric from politicians? >> i think they should we know the five-star policy, views about the utilities. we know about banks. in the program, the government, it was unclear if they were keeping monte dei paschi unstate control. so they should be concerned. especially looking at the way they don't respect the rule of law in the country

>> that's a very, very interesting element to watch it will be interesting to see whether they can cancel these concessions. thank you very much for being with us. >> pleasure. if you want to get in touch with us with your crews on what's happening in genoa, feel free to get in touch on twitt , twitter, @streetsignscnbc. coming up on the show, we'll speak to the carlsberg ceo, cees thart as the danish firm sees strong arrlqutey results. man: are unpredictable crohn's symptoms following you everywhere?

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welcome back to "street signs. i'm willem marx in london. a quick check at how european markets are faring early on in the trading day here the majority of the stoxx 600 shares are in positive territory there. overall if we look at the stoxx 600, we can see it is up over a quarter of a percent so far. one reason it might not be performing better, what's going on in the italian markets.

looking at the individual markets in some of the european nations, you can see the ftse mib is down 1.75%, dragged down by atlantia one would imagine. the ftse 100 up almost 0.50% xetra dax up 0.42% the cac 40 in similar shape. looking at the sectors driving some of those numbers, basic resources is up 1% construction and material in the red. atlantia something to watch on that down 20% in the last few minutes. technology performing well today. some of the numbers we've been watching today from corporates, carlsberg shares have risen after the company posted a strong set of numbers in the second quarter as it upped its full-year profit outlook. it's up nearly 3.7%. the danish brewer cited strong sales in russia during the world

cup. the second quarter beer volumes rose 10% compared with a 11% decline in the first quarter carlsberg had been losing ground to rivals in russia which accounts for a fifth of its overall sales. we will later on today be talking to the ceo of carlsberg, that's at 11:00 a.m. central european time. shares in nn group are headed for their best day in 16 months. they posted a 25% rise in second quarter profit as the feel-good effects from its acquisition of delta lloyd continued. the take oversaw costs at the dutch firm fall by 62 million euros. nn group is forecasting cost savings of 400 million euros by 2020.cnbc, the ceo said he was encouraged by this growth >> we had a nice encouraging

step in our objective to be structurally be below 97%. when we look at the sales numbers, they were indeed down over the last period, but we're focusing on value over volume. so the volume may have been lower, but the value over new sales has gone up by 20% >> first half earning estimates at aegon have edged past expectations after cost cutting measures coupled ewith stronger margins in the netherlands they are confident of meeting 2018 goals shares in kingfisher have fallen after the home improvement retailer forecast lower first half margins as sales rose in the second quarter they were pleased with the recovery in the uk businesses b & q, but flagged continuing issues at its french arm

kingfisher said they were putting measures in place to improve the unit and expects to see the benefits during the second half of the year. to talk to us in more detail about earnings we are joined by the equities investor at m & g investment i spent a fair amount of time in brussels this year, this week in istanbul u.s. government actions on trade are perceived as being bullying, hostile, being unhelpful if we leav perception, and look at the full view, what do you think? >> if you talk to ceos, there's a lot of optimism. when you look across sectors, that's when you see the trade

impact the biggest headwind to markets in earnings is the trade tariffs, and if they keep escalating that means prices go up can that be passed on to consumers. ford has downgraded earnings coca-cola and caterpillar have had mid cycle price rises. right now it's okay. but you may get to a point where companies can't continue to pass those costs on to consumers. that hits margins. that becomes an issue on earnings >> does that affect sectors you may not expect >> the pinch is on consumer discretionary, so out toes is the the obvious one that has been hit. looking acrosssectors,

there are contagion risks. so yum china has been sold off quite significantly, but actually they're a resilient company with good earnings >> i want to ask you, if we leave aside the threat of further trade conflicts, why do you think in this earnings season u.s. corporates have done so well? >> i think it's a combination. it's a very strong global economy. if you look at the u.s. market, global growth more generally is slow, but still robust the u.s. economy is strong if you look in terms of a tight labor market we're seeing wage growth coming through. that's why the central bank is on this sort of tightening policy as well now it's a robust economy. but also corporates have benefited early in the year from the tax cuts, regulation coming off in some of those areas importantly global growth has been so strong that's helping revenues. i think the important takeaway is not only if we had earnings beats, we had very strong revenue numbers coming through

so i think in the u.s. it's at about 9% revenues of expectations there >> europe comparatively has not had a strong performance on its numbers across the corporate world. i wonder is that making it possible to find opportunities in specific sectors? if so, which ones? >> europe was the darling last year this year we had softer macro data people have been slightly concerned whether the economy can carry on we're talking now about a desynchronization relative to the u.s. looking at europe today, corporates are in a good place growth has slowed, but still fairly solid looking at margins, they're well below the peak levels. so there's potential upside there. absolutely there's opportunities. i think given the sort of political noise out there, being selective will be much more important. >> where would you be going to be selective which sectors would you say in europe represent a buying opportunity now? >> i think with turkey,

particularly some european banks have seen a contagion risk outside a few banks, some spanishlenders like bbva european financials are at a 15% discount to the broader market there's good opportunities there. companies like ersta bank, a fantastic austrian bank will benefit when we see rates rising in europe. but also it has strong loan growth because of exposure to emerging markets >> i want to ask one more question about europe. in terms of geopolitical risk, when harder sanctions come into play on iran in november, there will be slight impact on some european xhacompanies. anything else you look at that could be a risk for performance in europe? >> italy is the big one. we have the budget in september. i know a lot of focus has been on turkey and the contagion risk, but for the financial

sector it's italy the one to watch. >> you'll stay with us for another part of the show, but appreciate what you're saying there. amazon is reportedly considering launching a uk insurance comparison site. three industry executives told reuters they held talks with amazon about contributing products to a possible site, though one said there were no immediate plans. an amazon-owned comparison site would pose a threat to other uk-owned threats like money supermarket. tencent shares closed down in asian trade but off session lows after the chinese tech giant reported a drop in quarterly profit chinese tech stocks are sharply in the red amid sentiment and regulatory changes also factoring in was beijing's decision to ban this year's

blockbuster game, monster hunter world. emily tan filed this report. >> reporter: tencent reported its first profit drop in 13 years. q2 net income down it% eps of 1.8 yuan per share. value added services which covers online games and social networks generated revenues of 6 $6 billion online advertising, it billion the others category, which includes payment and cloud, 2$25 billion. messaging and wechat continued to grow in popularity and user numbers. up almost 10% to 1.06 billion. shares in tencent have been subject to significant selling pressure in the last four sessions hong kong shares have lost more than 10%, and $45 billion in market cap it comes as regulators blocked the blockbuster game less than a

week after its release this comes as the state administration of radio and tv has not issued a new gaming license since march. tencent has no idea when the formal approval process will resume several brokerages have cut their outlook on tencent beijing announced a fresh round of trade talks with the united states for later this month. a chinese delegation will travel to washington in the latest attempt to reduce tensions between the two countries. china's commerce ministry said beijing would not accept unilateral pleasures but welcomes dialogue. president trump is preparing an executive order that would strengthen requirements on the u.s. government to purchase materials and services from american firms four administration officials said the order would expand trump's buy america program into new sectors.

this would include infrastructure projects. this would mark the end of a six-month long process spearheaded by pete navarro. sources say federal agencies have raised concerns about the legality and the cost of these new regulations. a controversial politician says the u.s. should expand a trade war with china to include his hometown of china. find out why a member of hong kong's national party says it would help the city preserve its autonomy. let's check on the commodities complex. you can see light crude, wti, brent both trading positively. brent is up around 0.47% light crude is at $65.16 gold prices have crept up

slightly to $1,179.30 per ounce. coming up, turkey gets a $1 billion lifeline find out which country is helping ankara out during such a volatile time. that's after this break. wel

signs. i'll willem marx shares of atlantia shares drop sharply. infrastructure stock across europe are also hurt as the italian government warns it could renationalize motorways. emerging market stocks in bear territory despite a relief

measure taken by qatar quarter earnings and ups its full-year outlook on the back of strong beer sales across all major markets. just bringing you some latest news from uk retail numbers. we can see uk retail sales are up 3.4% year-on-year that's compared to last month's 2.9. of course we've seen the pound come back very slightly from its 14 month lows. cable there showing relatively healthy picture from the perspective of sterling. it's up 1.5%

up near a spike because of the retail numbers. when looking at uk data, we have retail sales at 3.5% year-on-year that's against the expectation of 3%. let's look at broader currency situations the euro is stronger against the dollar by 0.34%. the dollar at parody with the yen. slightly stronger on the day against the yuan, significantly weaker by around more than half of a per secent let's look at european markets the ftse mib is the laggard, down 1.64% the ftse is up 0.55% the xetra dax and the cac 40 up

0.40%. let's check the u.s. futures all three major indices are called open with the dow jones looking to open up more than 1340 poi13 points higher. nasdaq 47 points higher. and the s&p 500 10 points higher >> u.s. vice president mike pence warned turkey would do well not to test president trump's resolve. president erdogan secured support from qatar after the country's emir announced a $15 billion investment package in turkey it's thought the money will be invested in banks and investment markets. the imf urged ankara to commit to policies that would help during times of market instability. the turkish finance minister will hold a conference call with

more than 3,000 international investors later today. a lot of them signing up in the last 24 hours. that will be an interesting call they will not be taking live questions. that in itself is relatively significant. still with us is the equities investment director from m & g investments. in light of what's happening in turkey, do you see that there are significant opportunities in emerging markets >> more broadly i think there are opportunities. when you have periods of contagion, certain asset classes get hit more than each other what's important is to make sure it's a currency issue, but when it starts impacting fundamentals, i would worry. at the moment it's more idiosyncratic around turkey. >> do you think investors should be worried about things like asset conversations in turkey? we've seen those before under

president erdogan or prime minister erdogan as he used to be do you think there's a threat of genuine capital controls being enacted? should investors take a step back and think is it worth it? >> i think there's a definite risk there of capitol controls being implemented. the route they go to first is to the imf. erdogan said he doesn't want to do that, hence qatar coming in with the $15 billion lifeline if you look at the outstanding debt, if you go back to the calculation, it's still about 70 billion they would need from the imf. that's about a third of the 200 billion outstanding debt that will come due. we're talking very big numbers qatar has come in at the moment but they may need more than that >> you said there are no talks with turkey, and the imf spokesperson said turkey will need to demonstrate sound economic policies to promote macro stability and reduce imbalances how do they reduce imbalances?

>> the key point will be that call this afternoon to see what the minister of finance says of course he's the son-in-law of erdogan. so the biggest question is around central bank independence that's what the imf is implying and what investors need to see that the central bank can be independent and also what they've done in the last few days is put plaster on some faults, but it's dealing with symptoms not the real cause. we need a commitment to raising interest rates significantly, not only to stem the lira's fall but to renew credibility in the market which would stem outflows if you put up rates, that might get flows back into turkey >> i want to ask about the federal reserve. do you subscribe to the idea that i heard again and again the last few days from erdogan supporters that the federal reserve's rate hikes, the stronger dollar are in part to blame for what's happened to the lira >> no. if you look at the lira, they've

been underperforming for a decade now clearly we saw a significant selloff in april it's pretty much because global growth is resilient. the u.s. economy is on strong footing. high yields are a negative for emerging markets as we see a stronger dollar. the issue is less about the more haven't tari recent tariffs, but more about the strong dollar which have huge account deficits, like turkey and argentina, also large amounts of foreign debt like in south africa, which is a currency that's been hit significantly. >> do you think investors have had their eyes open to the structural challenges facing turkey, and that made them think differently about countries like argentina, south africa and indonesia? >> absolutely. we had these jitters back in april and may time when we look at emerging markets, it's not a homogenous

market there are countries like argentina, turkey, indonesia, where they have account deficits they have been hit the hardest if you look at emerging markets more broadly, since the crisis a lot of them have had financial form looking at em as a whole, they're in a current account surplus. a lot of asian economies have deficits when we look at emerging markets, you have to be selective in terms of what are the fundamentals and what are the valuations telling you >> thank you so much for coming in >> thank you so much taste apparently has the biggest impacts on consumer decisions when it comes to buying food. that's according to our next guest who says uk consumers particularly pay attention to sugar-free and reduced sugar claims on packaging.

thank you so much for being with us >> thank you very much for having me. >> i have to ask you, this is something i find interesting you are trying to develop new ingredients, obviously focus not just on the taste, but also on how healthy they are is it difficult to find a balance? >> it's extremely challenging to find the balance, otherwise everyone would be doing it under the pressure of consumers. take sugar you would think why don't they just add less sugar and we get used to the less sugary taste. it's not as simple as that sugar does other things other than bringing the taste of sweetness. it reduces the freezing point, adds caramelization and bulk when you take sugar out, you have to replace the functionality with other ingredients. >> a lot of consumer products now, not even that eventually, will have prominent labels saying things like no artificial

a additives or preservatives is a big area of expertise development in your specific focus been to find natural alternatives i'm thinking of thinks like stevya versus saccharin a >> for some claims tsh, it means less level of ingredients, and for others there's levels they can understand, and there is a huge customer trend. we supply a huge range of portfolio of sweeteners from full sugar to reduced sugar to zero calorie sweetening solutions. we see a trend developing towards natural ingredients. stevia is one example. >> how would you say broadly customers have changed when it

comes to aware ps ness of nutri, their focus on healthy consumption? >> understanding of the customers and their interest and actually understanding what they're putting in their mouth has changed dramatically since i got into this industry part of this is the numbers, the serious numbers we see coming out and the health implications. looking at figures from a couple years ago, we're talking about 1.9 billion people, nearly 40% of the world's population being overweight that's a huge problem. then you have added complications of type ii diabetes, expected to grow nearly 50% in the next 25 years. those are scary numbers for not just consumers but for the economies. we're talking about 2 trillion worth of economy burden because of obesity and diabetes.

people are looking for reduction in calories, sugar, salt, but also adding fiber, higher protein ingredients. so consumers are very aware and they're making their choices choices is the key word here, making tastier food a bit healthier, and healthy food tastier. >> it goes back to that balance. one final question companies care about their bottom line. no one questions that. when you work for a big company like you do now that has to maximize profits, do you still think you have a role to play in public health by introducing almost invisible healthy ingredients into food? things like fiber. i may not know i'm consuming fiber. it's good for me i'm wondering therefore does it matter to you to make sure the food that people are eating is healthier, even if it might be more costly? >> doesn't necessarily have to be more cost on you.

technology is moving so fast, we are just last month we lost three stevia benefits with a more natural tasting outcome coming back to fibers, none of us in every country in the world are consuming fiber as we are required we all know that we are not doing it for some reason making it easier for customers to choose products that have high fiber, sometimes not affecting the taste because as we know, taste is still the number one driving factor. companies such as ours will produce finers with abers with h benefits don't have to do it stealthily we know how to not compromise on the taste and deliver on the healthier solutions and choices for customers. fiber is one of the examples added protein is an example. fiber is not just for added

benefits coming from fiber, but for reducing and taking out sugar, the bulk that sugar p provid provides so providing solutions to our customers, food and beverage manufacturers goes a long way in giving customers and consumers the choice without affecting the taste. that's the best example we can think about. we just recently had a huge catering business in singapore, and with local expertise we took 25% sugar out of some of the traditional cake recipes in the market and the business actually went up 30%. the ceo mentioned this is because the taste is the driving factor and the taste wasn't affected we have a huge role to play. >> we have to leave it there >> thank you >> added fiber is a win-win for all of us. henkel shares are trading lower after cutting its

full-year outlook. they blamed emerging market currency headwinds and higher raw material costs for the decision henkel also posted lower than expected earnings per share in the second quarter shares in bayer are continuing their downward trajectory after a california jury ruled that a popular weed killer produced by money tasant cause cancer monsanto was ordered to pay 2$20 million to a man who claimed the product caused his illness bayer maintains the product is safe to use. coming up, we'll find out what arsenal legend ian wright thinks about stan kroenke's takeover bid er, your brain naturally begins to change which may cause trouble with recall.

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welcome back to "street signs. i'm willem marx in london. i wanted to recap for you our top story. atlantia shares are trading

sharply lower, that's dragging on the ftse mib as a whole the owner of the company has hit back after a threat from giuseppe conte to cancel con sae - concessions. conte said the government would revoke the company's operating contract and would not wait for the findings of a criminal investigation. >> we will revoke the concession to the company aside from the verification that the criminal justice authorities will conduct of course we'll let the criminal investigators do their work. we can't wait for criminal justice. we have the obligation to act so every citizen can travel in safety hence we'll move independently to revoke concession there's no doubt that given the present system and the current

agreement, they shouldered the burden of the binding obligation of the running costs and to keep up the maintenance of this bridge, making sure everybody can travel in safety >> in the aftermath of the bridge collapse, the interior minister and the deputy prime minister has questioned whethe italy should follow fiscal rules if they might prevent rome from renovating its infrastructure. atlantia says they should be compensated if other contracts are withdrawn or terminated early. a top shareholder in the firm has promised to do everything in its power to establish the cause of the collapse. the deputy prime minister said the state would have to take over running the nation's motorways if companies were unable to do so safely autostradesman najs 3,000 ki ma

kilo meters of italian roads 8% are owned by atlantia two-thirds of atlantia's earnings come from contracts focused on italian motorways the american billionaire stan kroenke's take ovover of arsenal has been met with fresh disse dissent. there was a rejection of the compulsory effort to purchase. adam reed joins us now with more details. >> thank you

yes, around 400 minority shareholders around the world hold about 29.5 million pounds worth of shares. these two men hold the majority of the shares. the minority shareholders run about $37 million between them they have to decide by august 28th if they will sell their shares chances are arsenal fans will be delaying this until the last minute because they know they'r delaying the inevitable, but they would like to see stan kroenke there for one last time. he wants to increase his 67% share of arsenal and take another 30% share of u sshusman.

they spent $90 million in the summer, a huge amount of money involved in arsenal. they lost their first premiere game to manchester city. since that game i've been speaking to former arsenal striker ian wright who is voicing his concerns about one man owning the club especially if that man is stan kroenke. >> if you look at the form of stan kroenke, his businesses, his franchises, he doesn't seem to be the kind of owner that is invested into a franchise or a club, i would like to call our club, because he wants sport and achievement. doesn't seem like that's his goal we are in a league, arguably the greatest league in the world where we want to challenge we want to be up there we want to win the league. we want to win the champions league we want to be at the top of the

premiere league. we want to do that every week for fans that's what fans want and that's what we're used to that's what we had in the past when you have stan kroenke not buying stellar mark he can players that you need, players like ibrahimovic, other teams go, they give money and give the capability to compete. i don't believe we have an owner that does that >> that was arsenal legend ian wright speaking there. he's obviously not thrilled about what's going on at his old club how worried should fans of arsenal be based on the performance of mr. kroenke's sports teams elsewhere >> as ian wright pointed out, they do have justification to

think kroenke has his part on making arsenal a success on the pitch. they called him silent stan in the past because of his lack of being vocal and saying he will do those things. looking at his other sports franchises, they are owned by kse, kroenke sports and entertainment brand. he has the denver nuggets, the nfl rams, and only the colorado avalanche have managed to win anything since being under his stewardship, that was in 2001 because they had just took over. they had their best season then. arsenal fans have had -- they've been in a state of flux for some time and frustration because of arsene wenger's tenure. they were going sour the last few years of his managerial ship there. at the same time they thought they were getting better this summer with unai emery coming in and taking over, but he has a

tough ask on the pitch because he has to take his team to chelsea at the weekend so with this takeover deal still going on at the board level, it will be interesting to see how arsenal can pick up momentum this season. >> thank you very much for that. we'll watch that closely i know those based in north london will do so. for more on the premiere league, head to cnbc.com where adam has been exploring the repercussions across north london as tottenham delays moving into its new stadium due to safety concerns the s.e.c. has reportedly subpoenaed tesla over elon musk's tweet that he had secured funding to take the company private. the subpoena is seeking information from tesla directions, though what kind of information that is is not known. the move suggests that the u.s. regulator opened a formal investigation into the tweet which may have violated securities laws if mr. musk

misled investors goldman sachs has stopped covering tesla saying it is acting as a financial adviser to the company. goldman did not specify the nature of the advisory role. cisco shares moved higher in after-hours trading after beating fourth quarter revenue and expectations they are also forecasting first quarter sales to come in above expectations we'll hear more from chuck robbins, he will be talking to our u.s. colleagues stateside at 3:10 p.m stick around "worldwide exchange" is coming up soon after this welcome to the xfinity store.

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it is 5:00 a.m. in new york. here are your five big he headlines. stocks may rise, turkey tensions thawing a bit. china announcing plans overnight to jump start trade talks with america we'll have more on that developing story. uber out with numbers. the loss widened, but the company is growing and it is growing fast twitter's ceo saying his platform has been "weaponized. more of his comments to nbc. and retail on deck what to watch as big names like walmart, jcpenney and nordstrom