welcome to "street signs." i'm willem marx in london. canada in the cross hairs. ottawa's trade negotiators rejoin nafta talks saying mex o mexico's concessions may help pave the way for a deal. trump turns his sights on big tech slamming google, facebook and twitter for search results he says are politically biased >> i think google, twitter, facebook, they're really treading on very, very troubled territory. they have to be careful. it's not fair to large portions

of the population. a license to ipo aston martin outlines its intention go public in a move that could value james bond's favorite super car at $5 billion. and inditex sinks to the bottom of the stoxx 600. morgan stanley cuts the stock to underweight and says a significant "d" rat rating is inevitable good morning let's look at how european markets are faring so far. across the stoxx 600, it's flat so far up slightly more than a tenth of a percent. looking at the individual major indices, the ftse 100 is slightly above the flat line the same for the xetra dax in germany, and the cac 40 in paris. in italy, a pretty negative day. ftse mib down more than 0.1%

let's look at individual sectors. the real estate sector up again, up almost 1% retail and household goods both in the red retail down a half percent worth watching some of those numbers. as we see that sector continue to undergo serious changes let's talk about the big trade story. canada has restarted nafta renegotiations with the united states after president trump announced a new trade deal with mexico trump says canadian negotiators have until friday to finalize a trilateral agreement before that bilateral pact is sent to congress for review. officials in washington have threatened ottawa with new auto tariffs if canada does not cooperate. according to the global and mail newspaper canada is prepared to make concessions on dairy

products which have proven to be a major sticking point >> it was very constructive meeting with ambassador lighthizer and his team. we'll be back again tomorrow morning at 9:00 to continue the discussion what has paved the way for what canada believes will be a good week is mexico made some specific concessions in the area of labor, origin for cars. for our government good jobs for working people in canada has always been our priority these concessions really are going to be valuable for workers in canada and in the united

states who have been concerned for some time about their jobs going to lower wage jurisdictions. for us that's a very important piece. the u.s. treasury secretary told cnbc he's hopeful canada will get on board but he made clear the trump administration is otherwise prepared to forge ahead with that stand-alone mexican deal >> i'm not going to speculate on any one issue. i would say the u.s. market and the canadian markets are very intertwi intertwined. it's important for them to get this deal, it's important for us to get this deal i think we'll move forward but if we don't, we'll have a separate deal for mexico and a separate deal for canada >> our guest now joins us from bank of america merrill lynch. what should we be watching for when it comes to the mexican

peso in the days ahead >> i think the recent agreement between mexico and the united states is a positive development. the market was not expecting this so soon the positioning was short, not only for the peso but in emerging markets this is moving in the right direction. just few months ago we were concerned about the full-blown trade war. now we have the cease-fire between the u.s. and the eu, a deal between mexico and the u.s., and hopefully canada will get a deal soon. we are moving in the right direction that will support risk assets >> one reason there's an artificial deadline for canada to come back to the table and make a deal is the u.s. needs congressional approval, that needs to happen before a new mexican government comes into power in early december, in case they have different ideas about what they want out of the trade deal we have mexico urging pressure

for this bilateral, perhaps trilateral deal. >> canada will have to discuss different issues with the u.s. than the u.s. and mexico agreed eventually they cannot just join the same deal the tariffs on products is an example. but we may see shortened strength in the canadian dollar. recent flows have been supportive of corporates buying strong active flows. the data has been good i would also say it will also be most likely an opportunity to sell the canadian data was not pricing in substantial risks, the thought was we would always get a deal >> you say the mexican peso is positive news for emerging

currencies is this now a change of fortune for some of these currencies we've seen struggling because of these concerns about trade fears? >> i think so. we started with the market being long em effects and em assets. that was one of the most crowded trade. now positioning is clean assuming that the fed will continue a gradual and cautious approach from now on, which is consistent with what powell told us at jackson hole last week, i think there are em opportunities looking ahead. >> is turkey one of them >> this might be the exception that proves the rule i think the spillovers of the turkish lira to other economies is exaggerated i think we'll see less of that looking forward. turkey is not out of the woods yet.

they need to address market concerns in addition, the dispute with the u.s. continues unless you have a comprehensive approach to address these issues, risks for the turkish lira remains >> is there any indication there will be that comprehensive move? >> probably not. it's difficult to put such a program in place usually when you last at past emerging market similar cases, the imf, who is there will support such a program but i think now the market is in a wait and see mode. but most likely we have not seen the worst in the turkish crisis yet. >> your data that i looked at this morning seems to indicate the recent support for the euro from a range of sources. does the debate in italy about

its budget concern you about the euro's future in the near-term >> that's a clear risk for the euro in the short-term otherwise i think euro/dollar will appreciate. next year it's going back to 120, that's closer to the long-term equilibrium. for now we're concerned about italy. clearly the new government has plans for massive fiscal expansion. they will try to water it down, but no matter what the budget, which has a much higher target than the rest of the eu. so it's unlikely we'll see a conflict between the eu and the italian government this fall >> one final question as currencies, it's about the pound and pre and brexit more people now talking about the possibility of the eu and the uk not able to reach an agreement by march 2019. what do you think that means for

the pound? >> getting the british pound right may be the best trade for the next few months because it's binary if you don't have a brexit deal, cable can go all the way down to 110. if you do get it, it can good back to 135. so, we know that this is decision time. we are optimistic, but actually things may get worse before they get better it will not be a smooth path >> sounds like quite a gamble. steve mnuchin had plenty to say on china he's now praising beijing for supporting its currency. you can watch the full interview on our website, cnbc.com richard clarita has been voted in as managing vice chair of the federal receive he was nominated for the role

back in april. he is considered an ally of jay powell and positioned himself as a centrist who supports gradual interest rate rises. in the uk, the treasury denied reports that it asked mark carney to extend his tenure as head of the british central bank for another year. a treasury spokeswoman said the government's position had not changed and it would soon start the recruitment process for his replacement. carney is set to step down in june 2019, but a report said he had been approached to remain in his post a little longer during the eu departure period. aston martin announced it plans to go public by the end of this year. the luxury carmaker plans to list at least 25% of the company, valuing the group at 5 billion pounds the ceo called it a monumental moment and said now we will have an independent british car

company again. palmer highlighted the firm's resilience to brexit and brushed aside trade fears. he said tariffs would instead impact his competitors aston martin sold 5,000 cars last year and made its first profit since 2010. if you have a view on currencies, aston martin, trump, trade, tweet us at @streetsignscnbc. find out why morgan stanley is taking such a negative view on the retail giant inditex.

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welcome back some corporate news. pernod ricard has opened lower the french spirits maker has raised its dividend by 17%, but missed expectations from profit from organic growth.

and inditex is down almost 4.5% morgan stanley dropped its price target saying they no longer feel comfortable ignoring the growing pressures the spanish retailer faces they added a significant derating is inevitable in the long term. and atlantia rejected the idea of nationalizing autostrade the ceo said the company would not rule out cooperation with state-controlled funds but that nationalization would be a return to the past deutsche bank's ceo says europe needs strong banks not more banks christian sewing says he expects consolidation in the sector to increase considerably and drew a line under deutsche bank's international position saying global ambitions are not up for debate under his leadership. annette is live on the ground in

frank fort what did he say about the future of the bank >> actually, he's confident that deutsche bank is turning itself around he's saying the legacy aspect like all the legal costs have been settled, now it's all about profitability. the second quarter, he was admitting morale at the bank was not great. but with the third quarter it has turned around. that also the move inside the investment bank is improving substantially. he even mentioned the word pride. people are again proud of being members of deutsche bank's investment banking so he seems to be confident, but he's also saying they need to show in the next 12 to 18 months whether they can really turn around profitability that's their big aim he wants to control the top line, but even more controlling

costs. so what we're going to see is more cost cutting inside deutsche bank. the topic of digitalization is something on top of the agenda for deutsche bank. they want to be a platform bank, whatever that tells us but with that he was also admitting that this is going to mean that the bank will have less employees so i think the story will remain intact, as we were telling it earlier, or in the last months deutsche bank is restructuring, cutting costs, and they're kind of trying to keep up their revenue line at the same time. of course the ceo of deutsche bank is still optimistic or eager to play a substantial role in international investment banking, as he was putting it, german industry, big players all want to have a german bank who is accompanying them everywhere

in the world willem, back to you. >> thank you very much for that. the turkish lira is under pressure still after the finance minister said u.s. sanctions against ankara could destabilize the middle east. moody's downgraded 20 turkish financial institutions citing the increased risk of deterioration in funding the rating agency also added that turkey's operating environment is now worse than previously expected. as u.s./canada trade negotiations hit high gear, the trump administration is also rapidly approaching a key deadline on chinese trade negotiations september 5th is the deadline for public comment on the president's proposed 25% tariff on a further 200 billion in chinese imports. speaking yesterday to cnbc, steve mnuchin said the measures were more about defense than offense. about. >> protecting our workers. we're not looking to have impact on their economy

but they've grown off of our workers, our companies that's something the president is focused on. he wants a fair, reciprocal relationship. our next guest predicts trump will announce victory against china in the trade war by the midterm elections charles robinson joins us. what do you expect from the u.s./china trade dispute >> i think more noise for the next month or so i think trump needs do this as late as possible what's happening under trump the trade deficit with china is getting bigger and bigger. this is the biggest nominal deficit it's been. that's a consequence of his fiscal policy. the data in a month's time will shot deficit still widening. so i think it will be closer to the midterms >> this is just about political timing >> the victory, yes. we'll get a relief rally in the end for the fourth quarter on the back of this piece in the

trade story. however i think trump has been protectionist to his core forever. you can go back to his speeches in the 1980s i think he's rerunning the trade play, and every year reagan had a new measure against japan. first i think he will come back to the trade war in 2019/2020. it's a relief we will get. not game over. secondly china will offshore they will offshore their production vietnam is the fifth biggest trade surplus with the statesment luckistates me and luckily trump doesn't know that. >> or paid attention >> if you go to east africa, north africa, you can get $100 minimum wage and be paying people $60 in egypt. so egypt, tunisia will get an offshoring benefit >> you can expect more chinese

investment in these countries where they can get cheaper labor and a home now >> indeed. vietnam, bangladesh, philippines, also indonesia, but also moving into north africa thanks to the low wages, illiteracy and electricity >> i hate to drag you back to the thinking of the oval office, we have had few details of this u.s./mexico agreement. canada seems to be getting on board, if that's going to happen in time, this is all about getting congressional approval before the new mexican government comes into play on december 1st do you see this as an example of the trump administration trying to fix things rather than what we've seen over the last 18, 24 months, wreck things >> i think this is about him being able to declare he's a businessman who strikes deals through aggressive tactics, negotiations he wins. that's all this is about >> mnuchin yesterday told my

u.s. cnbc colleagues that negotiations with china on trade can't just be talk there has to be follow-through are the discussions with mexico, canada, europe, essentially irrelevant and the big conversation has to be between washington and beijing >> that's the big -- certainly from our perspective, that's what we care most about, what happens out of china >> i want to ask you, there's all this uncertainty about the trade disputes, the possible resolutions. there's no clarity yet, though it seems markets are responding positively where in the emerging markets world -- you talked about north africa, east africa, can you be more broad than that vietnam, indonesia, what other countries are you looking at for potential growth >> the work we've been doing is trying to work out what creates takeoff. at what point do countries stop growing at 3%, 4%, start growing

at at7%, 8%. first is literacy. you then have to have electricity. so we've done a big report this year about that. it is indonesia. it's the philippines, which 20 years ago didn't have enough electricity. >> is that penetration of electricity or affordability >> affordability is less important. you need enough electricity to power 300 kilowatts per person per year that's one color tv, three light bulbs. if you can do that, you can industrialize. countries that can now -- a lot of these southeast asian countries, bangladesh and pakistan are still not there the countries which have suddenly arrived there in the last ten years are morocco, tunisia and egypt. they will be the huge winners of

the 2020s. >> any other liftoff factors >> investment. if you can get investment over 25% of gdp the biggest winner of all, the markets know this, india india is 25 years behind china they crossed the literacy threshold. modi's india campaign could have worked now, but not five years ago. what do you expect to see happen to u.s. inflation, given the low unemployment numbers, given the increased import costs in part thanks to tariffs, given the balloons federal deficit >> there's a combination of factors. i think growing angelo saxon politics is cyclical there is much less inequalities, in the '70s the cycle turned we are at a turn again

anti-immigration, big spending, a lot of inflationary policies >> what does that mean we have a chart showing the impact u.s. inflation above 3% has on meermgi iemerging markets >> going back the last 30 years, when headline inflation has hit 3%, em equities get crushed, down a third to two-thirds >> causation and correlation >> we think the markets are saying the fed can be relaxed about inflation at 2.5, if it hits 3, they're behind the curve. right now the fed is telling us it's not going to do that. it's not just bad for em equities, it's bad for bonds, u.s. equities. the fed says it is relaxed if the markets think the fed is wrong, then we run into a lot of trouble. >> charles, we'll leave it there. thanks for joining us. >> thank you we'll discuss last night's

u.s. primaries and the upcoming midterms with john raines in around 15 minutes time plus music to may's ears the prime minister gets her groove on as she agree s to britain's first post-brexit deal for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... 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.

welcome back to "street signs. i'm willem marx in london. canada in the cross hairs. ottawa's trade negotiators rejoin nafta talks saying mexico's concessions may help pave the way for a deal. trump turns his sights on big tech slamming google, facebook and twitter for search results he says are politically biased >> i think google, twitter, facebook, they're really treading on very, very troubled territory. they have to be careful. it's not fair to large portions of the population. a license to ipo aston martin outlines its intention go public in a move that could value james bond's favorite super car at $5

billion. and inditex sinks to the bottom of the stoxx 600. morgan stanley cuts the stock to underweight and says a significant derating is inevitable let's check in on the major european markets ftse 100 is in the red the same is happening in mill l milan with ftse mib. with currencies, the pound has been trading flat against the u.s. dollar. the euro is weaker against the u.s. dollar. the dollar at parity with the yen, and at parity with the swiss franc.

u.s. futures ahead of the market open, you can see the s&p 500, dow jones, and nasdaq all being called slightly higher the dow jones looking now to open up almost 50 points higher. prime minister theresa may has struck britain's first post-brexit deal with the six african nations that make up the southern african customs union the agreement ensures the block's current partnership with the european union continues after brettitain leaves the eu. in paris, joumanna bercetche spoke with the vice president of the french business federation, and asked if brexit would benefit france >> there's no -- i cannot say

b b beneficial there's no winner or loser, we have to be involved in the solutions. there's a politic point of view, and the british decided to recover their own sovereignty from the political point of view from an economy point of view, we will continue our business. we don't want to pay for the brexit >> joumanna bercetche is still in paris you're in france i gather you still talked to a scotsman about brexit, is that right? >> absolutely. the topic is unavoidable even at a business conference here, a two-day conference with over 6,000 participants and various companies. interestingly i spoke to michael russell. the first question i asked him,

what are you doing here in the first place? why did you come to this conference he said it's about strengthening the ties between scotland and france and playing on that ann ch ancient relationship they have had. i said this is interesting given that we are in the midst of brexit discussions, do you think scott land c scotland can be singled out? he said brexit has not happened in the first place i asked do you think brexit is reversible then? let's listen >> it's not taken place. by deaf fissifinitiodefinition,t taken place, it's reversible the question is if it takes place, what happens thereafter at the moment it looks awful with what the government is saying about hard brexits. scotland needs to make sure they're protected.

i hope eventually as an independent government we can rejoin the eu. >> is the checkers deal of interest to you? >> no, it's better than what has come before, but it doesn't come from theresa may's own party it's seen by her as a final statement of what she wants. to everyone else who looks at it, it's a work in progress. even in that limited form she can't get many of her own supporters to back it. >> the back drk drockbackdrop h scotland did not vote for brexit, they voted to remain in the eu he said the irony of the situation is when they held the scottish referendum, they were told scott land can't land can'o the eu if they're not part of

the uk this is a question of timing i asked whether or not he sees a deal being struck by the end of the year he said october or november is unlikely no one has a clue on the timing at this point. he doesn't think a no-deal brexit is the most likely scenario but of course there are many questions up in the air. if push did come to shove, he thinks ultimately they are headed on the track for yet another scottish independence referendum, where the choice will be do you want to stay part of the uk with this brexit negotiation that has been sorted or would you like to strike a different deal with the eu where scotland is an independent nation so this story is not going away. i have to emphasize the point he's ventihaven' representing s french meeting if you want to comment on brexit, you can reach u

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welcome back to "street signs. johnston press shares are trading lower after changes to google's search algorithm negatively impacted the publisher's online ad sales. first half revenue fell 10% at the british newspaper. back in the u.s., president trump has fired a warning shot at some of those same technology companies. he accused google of hiding fair media coverage about him he warned that google, twitter and facebook were treading on troubled territory in a statement google said it's

algorithm was not politically biased >> the president who built his base on social media now attacking it, accusing those companies of bias. >> i think google and twitter and facebook are really treading on very troubled territory and they have to be careful. >> reporter: he alleged google search results for trump news shows only the viewing reporting of fake news media, as he tweeted today, adding google and others are controlling what we can and cannot see >> google blatantly suppressing conservative media outlets >> reporter: just last night, fox business network aired a thinly sourced segment on the topic. >> i believe the government should step in and check this out. >> reporter: a top white house official suggesting the administration may do just that. >> we're taking a look at it we'll let you know >> reporter: no reliable data to back up the president's claim. google saying, search is not used to set a political agenda we never rank search results to manipulate political sentiment

top tech officials are set to be on capitol hill next week to talk to lawmakers concerned about russia election interference, and some members of congress have concerns about something else, the president's escalating feud with his attorney general >> this relationship is beyond repair >> reporter: senator lindsey graham on "today." >> the only beef the president seems to have against him is that he's not going to get rid of the investigation >> let me finish the second part it's much deeper than that >> what else are we missing? >> we won't say on this show it's a pretty deep breach. >> reporter: it's a cryptic hint graham later walked back >> it's not one thing. it's just a series of things >> reporter: from the senate's top republican >> i have total confidence in the attorney general and think he ought to stay exactly where he is. >> reporter: there is no indication he is planning to fire sessions right now. a liberal democrat supported

by bernie sanders has pulled off an upset for florida governor. tallahassee's mayor edged out gwen graham, this will set up a midterm battle with trump-backed rhonda sallas. we are joined by john raines from ihs market. i have a lot of questions about these midterms we heard rhonda santos, republican governor candidate. trump's a fan. we saw matt gates a florida congressman cruise to a primary victory over two of his opponents. he has been a big proponent of president trump, and that admiration seems to be reciprocated the president and his son tweeting publicly about what a great candidate he is. do you see the president's

control of these gop candidacies as a huge factor in how the mid t terms pan out and the core of the republican soul, spirit, call it what you want. >> this is not just donald trump's election, just in general american politics, the midterms offary referend a refee presidency right now donald trump's numbers are low, so they may suffer in the midterm elections. remember just six months ago we were talking about the divisions inside the republican party, the gone on the republican side virtually all of the candidates that we have seen recently that donald trump has been supporting have ended up winning the nominations. >> they lined up loyally behind the president and are being rewarded by it >> look at arizona

three different candidates, each one vying to see how close they could get to this president. that's a common theme. we've seen really recently is establishment candidates trying to work their way, big-name recognition all getting beat because they have support from challengers. >> let's talk about what this means. if i had to ask you for percentage likelihood of the democrats taking back the house of representatives, could you give me one? >> no, it's a bit far out. right now the generic polls say the democrats are up 6 to 8 points we have a bit of time before election day there's a lot of enthusiasm around democrats we still have time the economy looks good look at the economy alone, republicans should be looking decent now right now it's questionable. >> i guess the question is does a successful economy push people to go to vote in november in a midterm election

if democrats do take back control of the house, what does that mean for governing and for governance in the united states. >> a lot depends on donald trump. we have seen instances in the past where donald trump reefed out to democrats briefly whether it's immigration or other issues he reaches out and pulls back when his base says what are you doing? he says i have to retreat now. if he gets hammeredterm electioy how to i triangulate myself into a middle ground position so i can win re-election in 2020. we saw that with bill clinton, a bit with barack obama. if he doubles down -- and you could say this president has a history of doubling down, that puts him in more jeopardy. >> i had a guest on yesterday who says the thing to bear in mind is donald trump doesn't have significant policy objectives the next couple of years, it's about him getting re-elected in 2020 do you agree with that.

>> i think to a degree for most presidents out there, when you're doing this, you're an executive of the moment so whatever issues seem to pop up on the screen you will be having to offer some type of an opinion on it. so part of that will be in play. part of it is donald trump himself. a lot of the attention will be based on him because its president of the united states i think it's a combination of both i think they'll have to continue to face these issues a s as the crisis arises. >> one final question about the senate even if the democrats take control of it and win that seat in arizona and getting that majority of 51, that doesn't matter when it comes to things like impeachment >> for impeachment you need a majority >> you need a super majority inside the senate, right >> you need republican votes you will need to have more information that's currently on the table before you approach the issue of impeachment >> thank you for your time

the u.s. midterm elections are in a few months which means billions of dollars are being spent on advertising by candidates, and that means big money for media companies. >> the midterm elections are just over two months away. >> we've got to bring new ideas, fresh thinking, and change the direction of this country. >> i flew 89 combat missions as a u.s. marine and my 90th mission is running for congress. >> reporter: that means billions of dollars will be shelled out for ads across television and digital platforms to help those fighting for gubernatorial, house, and senate seats. this analyst says the local tv broadcasters and their parent companies stand to benefit the most from this area's increased ad spending during the midterms. >> next looks like they're going to have outsized results relative to expectations i think gray will do particularly well. sinclair nexstar and sinclair have the best political footprints followed by gray where there are

toss-up races. >> toss-up races make investing in ads all the more important, which is why total political ad spending is expected to reach nearly $4 billion this year. that's about $1 billion more than during the 2014 midterms, according to kantar media. spending on local tv ads is expected to grow 14% to $2.4 billion, while political spending on cable channels expected to grow 42% to $850 million. but the biggest jump in political ad spend is on digital platforms, expected to be up by 140% this year, to some $600 million. as digital platforms and election manipulation remain in focus more than ever, facebook is launching a new archive of all political ads purchased and who paid for them. but even with the surge in digital advertising, kernos says he does not expect that growth to cannibalize tv spending, which remains king >> the vast majority of political spend is still being

spent on traditional media and local television in particular it's been proven to be the most effective medium and i think it will continue to be. >> the question remains whether facebook and twitter's challenges with foreign interference and fake news will drive advertisers to spend on digital platforms with professionally-generated content, such as hulu or news sites. let's speak about the u.s. foreign policy president trump declared after his summit with kim jong-un that there is no longer a nuclear threat from north korea. now there are signs that he may have spoken too soon richard engel has more >> reporter: tightening the screws today on kim jong-un.

defense secretary, jim mattis suggesting massive military exercises near the north korea border which president trump canceled are now on. >> we took the step to suspend several of the larger exercises as a good faith measure coming out of the singapore summit. we have no plans at this time to suspend any more exercises >> reporter: at the summit, president trump's move to suspend those war games game as a surprise >> we will be stopping the war games, which will save us a tremendous amount of money >> reporter: north korea was delighted. it had long complained the exercises involving thousands of u.s. troops are a dress rehearsal for an american invasion for the u.s. and our allies, they're deterrents but how much has the united states gotten in exchange for suspending them? north korea did free three american detainees and north korea sent back dozens of american remains from the korean war. on the main promise from north korea to get rid of its nukes, president trump tweeting just last week, i feel we are not making sufficient progress with respect to the denuclearization

of the korean peninsula. now to contest of a different kind players at the u.s. open have been battling through temperatures of nearly 100 degrees fahrenheit on day two of the competition in new york. >> nowak djokovic did four sets yesterday. in the second set he complained that he was feeling sick and asked to have a bucket placed next to his claire he had one of those big towels with just piles of ice on to keep him cool. he was struggling for a little while in that, losing the second

set as he did 3-6. but he regained his composure winning the second two sets. there were five withdrawals yesterday due to heat. djokovic going for his 14th grand slam title, after that slight setback and dealing with the temperatures on court, it's the same for both men, he made it through to round two. another man who made it through in more straightforward process was roger federer. straight sets for him. an hour and 52 minutes he was on court. look at this clever trademark federer shot no answer from his opponent. >> i didn't play one of those last night >> takes a lot of confidence probably about 20 grand slams to feel confidence enough to do that federer did say he was struggling in the heat

there are ruoofs on the arthur ashe stadium, but no air conditioning >> it's incredibly warm there. >> the air just seems to stay inside they have special air circulation, ventilation systems around flushing meadows, but heat is heat >> you're trapped in >> there's nowhere for it to go. >> let's talk about the coverage of this tournament amazon prime has paid a lot of money for the rights how has that been received how many viewers are they getting? >> it's not going too bad at the moment we know that 11 sports, another streaming network was having slight problems with its u.s. pga coverage in the uk and ireland, but amazon is having a bit less trouble at the moment they are arranging several streams all at once. but there are overlaps if you were tuning in to see

andy murray it was overlapping with carl evans, so it's not this all-encompassing idea that amazon want to portray that may set a precedent for later on amazon have signed a deal premi where you can get all the games all at once. this whole sense of having this on-demand streaming platform is key for amazon >> we are used to pressing the red dot in the uk, watching wimbledon and you choose the game that's key for these tournaments where you have all these games going on consecutively >> that's the same with the olympics the bbc in the uk and ireland, multiple channels showing it live and all the time. this fan engagement idea that you can access it from anywhere is something key to amazon's idea there's a 30-day trial which

they hope will get people into sport and then continue with the prime membership it's about 80 pounds a year to get amazon prime, and they say that lost leader of the u.s. open, tennis, nfl football, thursday nights in america is a way to getting people into amazo amazon >> adam, thank you very much >> thank you let's look at u.s. futures ahead of the market open you can see all three of the major indices are called up. dow jones up almost 40 points. that's it for today's show i'm willem marx in london. "worldwide exchange" is coming up right now this wi-fi is fast.

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it is 5:00 a.m keep spending money this summer, because the stock market rally rolls on more records may be hit today. constructive conversations that's what canadian officials are saying about trade talks with america fast forward to the november elections. we have the results of key primaries in florida and arizona. and a smoking hot stock. the first ever nasdaq-listed company hitting sky levels. and a license to ipo, aston martin gearing up for more than a $6 billion listing it's august 29th "worldwide exchange" begins right