welcome to "street signs." i'm willem marx in london. iag shares see red after a data breach compromises data belonging to 380,000 british airways customers. the airline says it is investigating the theft of payment details. european stocks avoid the losses seen in asia where equities hit a 14-month low. and president trump uses a campaign rally in montana to double down on his accusation that the author of the "new york times" op-ed has committed

treason. >> for the sake of our national security, the "new york times" should publish his name at once. i think their reporters should go and investigate who it is plus here on the shores of lame cuomo, talk is dominated by the upcoming contention italian budget but the former prime minister tells cnbc he believes that rome is being judged too harshly. >> we were able to solve the problems without european money. the big problem is that the consequence was raise of unemployment, budgets, so now today we are paying the consequences of this period. good morning british airways apologized for what the ceo says it its worst data breach in 20 years.

he described the hack on 380,000 sets of customer payment details as a sophisticated criminal attack the airline says that attack affects transactions handled between the 25th of august and the 5th of september but the stolen data does not include travel or passport details b.a. said it discovered the breach on wednesday and is 100% committed to compensating passengers who have been affected shares of iag are down 2%. fitch cut its outlook for five italian banks from stable to negative. it warned lenders faced imminent downgrades because of their exposure to the country's economy. italy's ten-year bond yields have hit a one-month low after

it is said the government will follow eu economic rules but rome is warned it has to cut its structural debt and added it is in its country's interest to keep its debt under control. steve sedgwick joins us from there. >> you know better than me, you have followed this story in fine detail over the last few months and years of what a problem italy has got at the moment. let's remind viewers of the back story before we get to where we are now. italy has 11% unemployment rate. italy has a quarter of all the nonperforming loans across the eurozone italy has a debt to gdp of 132% and agreed to commitments in 2019 to get its budget deficit down to 0.8

a budget which will be balanced in 2020. this was a previous government commitment the coalition is coming forward with its budget which has to be presented to the commission by october 15th that's the back story. the facts of the matter is the chances of hitting those previous-agreed targets are zero that's what the market has been said yes, the spread has come in a lot from its highs of the last month. but there's great concern that the economy minister will not be able to control the two wings of the party controlled by the deputy prime ministers, i did m dimayo of the five star and salvini.

these are unfunded commitments and the concern is that they will blow out the budget to go above the 3% deficit figures which are in the stability pact. so bring it forward to today there's a whole amount of conversation between academics, politicians, economists here about what happens next. everyone is sitting with bated breath there are some here including the founder of this organization, the man who is pretty much behind getting this together, he thinks italy is being judged too harshly he thinks italy is doing okay with a dysfunctional government that may not come through with its manifesto. let's listen in. >> accuse me of too much optimism, but you may recall last april we forecasted this coalition coming up in terms of democratic numbers, generally

elected by italian citizens. as a matter of fact they have a great deal of naivety, great deal of improvisation, but in the end they are generally led to do something better for italy and the italians as a matter of fact, nothing of the threat for markets are happening. like the flat tax or universal remuneration salaries for people we have to wait and see. a key moment will be in three weeks time when the minister will present budget law for next year that's why it's extremely interesting to listen at the european house on the 44th

edition forum. the prime minister and the treasury minister will be speaking tomorrow, saturday actually, and on sunday. >> but having a naive improvi improvising government trying to have ingenuity doesn't instill confidence in a 2.3 trillion bond market, does it >> we could say the same about mr. trump himself or the people who led the united kingdom to brexit we have to accept the world is changing we need to face the new reality. in the end, like mr. tsipras who was used as a political character of europe, then he went to the government what happened? he implemented the troika resolutions. so, i'm not saying that we will have the troika in italy at all,

but what i'm saying is that i remain optimistic because of the fundamentals of italy are sound. >> but i remember speaking to mr. tsipras over there if your analogy is correct what you're saying is this government will succeed if it doesn't carry out its manifesto promises >> yes >> that doesn't sound like the antidote to this populist revolt we're seeing across the world. >> exactly that's what i mean >> that's what he means. i said to him i think you represent the establishment. i don't think he liked that. but the premise from de molli and from others here, this government if it doesn't carry out the plans will not blow out the budget and things will be okay i'm not sure that's realistic given the promises made by the likes of salvini and dimaio.

i spoke to the former prime minister of this country for a relatively short time, another technocrat and i asked him about the bad record of italy, about how it didn't manage to fix the roof when the sun was shining, when the money was there from the ec, but he's proud of what italy achieved let's listen in to him >> among the seven countries in crisis during the period '10 to '13, italy was the only one solving our own problems with our own money. i'm proud of the fact that we were able to solve the problems without european money the big problem is that the consequence was raise of unemployment, budget difficulties, now today we're paying the consequences of this period this is where you're right

it is the sole responsibility of the elite of this country. >> i did ask him is that entirely accurate, sir, italy did this with their own money given there was an enormous backstop for italian debt that got it down to a 7% level in 2012 to the low levels after mr. draghi said we will do whatever it takes he contended a lot of the help was self-help and said italy had not needed a program we'll speak to another former prime minister, the last prime minister of this country we'll speak to him at 11:15. that's paolo gentiloni we will also speak to the new owner of the "l.a. times," and he is a fascinating man. a fascinating place at the moment he wants quality journalism to fight click bait, to fight accusations of fake news and stop the short-term nature of

peoples news digestion we'll speak to him coming up >> thank you very much to talk more about the italian economy, we're joined by david miller he thank you very much for being with us. why do you care about the italian economy? why do your investors care >> to an extent that we can ignore it because it's a self-contained economy, they finance themselves that's always been the case. also lived in a terminate state of chaos for years with weak government, no legislation, all of that sort of thing. you could say nothing has changed. but it's big it's one of the bigger economies in the world one of the biggest in the eurozone if the politicians manage to blow apart the budget promises which will require the ecb and the german government to make decisions, that matters to

markets not just in europe but around the world does that set precedent if they come in direct conflict with brussels that could have implications for other european economies and therefore for other european markets is that something you're concerned about? >> we worry about the knock-on effect of various matters in europe for a while now it could encourage others. but i think the lessons learned in greece, from the greek government, you have to be brave to stand up against the ecb and the eu you have to be certain you got the people behind you. i suspect initially they won't quite have the nerve to do it. >> you're saying that you think people like dimaio who used this critical rhetoric, salvini as well, will follow the tsipras model and fall in line eventually >> i think markets have proved

themselves able to make judgments about governments that pursue bad economics it's happening around the world. you have to pay attention to the fact when market confidence disappears in this integrated global world you cannot isolate yourself as you might have done 40 years ago >> one other question related to italy and the wider debt market in europe, what happens in your view when the ecb turns down that tap and stops mopping up this debt? >> the ecb is in a real bind we have interest rates remaining incredibly low qe continues yet we're not seeing the growth. the idea we had a lot of good growth in europe the first part of the year seems to have evaporated german manufacturing numbers show life is not that good therefore what are they going to do are they really going to tighten into a dull economy or contracting economy? that's a big ask

i suspect they'll back off >> where are you looking for growth in europe which sectors? which countries? >> i think it's a global business to say that europe has a right to a particular area, i think it comes much more down to the companies. i don't think you can make generalizations about one country versus another i think which countries have pricing power which ones are making a profit, that's where it will be. i don't think trying to generalize using macro economic data is the answer >> we'll come back for another discussion on the u.s. in particular thank you very much. that's david miller, he's the u.s. director. if you have views on the italian budget or economy, get in touch on twitter, @streetsignscnbc coming up, find out which

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welcome back to "street signs. it's been a slightly negative day to the start the stoxx 600 is down about 0.5% closely watching european markets following what happened in asiatoday where the nikkei has taken a plunge on the back of some of the noise coming out of the white house if we look at the european markets individually, the major indices in europe, you can see why that stoxx 600 is down as much as it is. ftse 100 down 0.1% the ftse mib down, the ftse dax at the flat line the cac 40 is the lone index in the green. looking at individual sectors, you can see telecoms performing well, up 0.9%. at the other end of that story, you can see travel and leisure

down a half percent. basic resources are down around 0.10%. japan could be president trump's next trade target. a "wall street journal" columnist described the phone call with the u.s. president in which the president described his good relationship with japan's shinzo abe but the column recounts how trump went on to say that he expected that relationship with abe to deteriorate after he told japanese officials "how much they have to pay." the u.s. dollar subsequently slipped against the yen and the nikkei touched a ten-day low early on this morning. the u.s. work force is expected to grow by 192,000 jobs in august that's according to dow jones forecasts. that is an accelerate compared to july and would push the jobless rate down to 3.8%.

average hourly earnings growth is expected to grow a small bit. i want to ask about the u.s. economy. it seems from the jobless numbers later today that the economy is in good shape we're not seeing a huge amount of wage growth not as much as you might expect. why do you think that is why what do what does that mean for the u.s. economy and the fed >> the u.s. has been the place to be. middle america like what's going on they're hiring that number, we'll see what the number is at lunchtime, but the number is overstating the unemployment rate in that those that are employable, probably that number falls to less than 2% probably 1.5%. that makes it tight as a drum. that means you should expect to see wage growth for those who have skills and are employable coming through not necessarily a bad thing in

moderation those workers will consume i can't see much of a problem with that. it's a good run. the reason it has not gone out of hand is because technology is taking away some of that bargaining power that labor would have had in the past it's a nice balance. >> i wonder when we follow on from that, what does that mean for the federal reserve over the next six months? >> go back to the end of june, two things seem to be going wrong, one was the u.s. economy would sort of boom and the fed would have to put rates up more than is currently expected >> what we heard from jackson hole is it's okay, we might put rates up a bit we all know that don't worry. we're in control i suspect that as far as monetary policy is concerned

it's touching on the acceleration break that will happen over the next two, three years, rather than standing on the brakes, which could have been the outcome what do you think of the dollar and the strength >> that strong dollar is a problem for the rest of us it's not a problem much for the americans. but it is for the rest of us as you head out to the periphery, not only has the dollar been strong, that's causing problems in some emerging economies, but it's just a shortage of dollars because they're sucking the money back that can have an impact in any country in the world >> is there any incentive for the federal reserve in your view to rethink its approach to tightening based on the impact it's having outside the u.s.

clearly they are a federal reserve, central bank of the united states, for the united states people, for the united states economy is there a concern that the impact they're having elsewhere could have an impact on the u.s. >> i don't think you'll ever get them to admit that publicly. their mandate is u.s.-specific they're not there to manage the world. of course they will have a view of the impact the economic activity is having on the u.s. domestic economy they'll keep an eye on it, but i tent think it will drive them in terms of decisions if they have to make a decision it will be based on what's going on in the u.s. versus the uk or turkey >> let's talk about companies in the u.s. the market there's have done well compared to europe. is there any specific reason to your mind that that might change >> so far no the -- what has driven the

american equity market higher is that it's got a lot of good companies earning a lot more money than they did the year before buying back their own shares life is good for u.s. equity investors. that's not reversing now the issue is going to be the sustain the ability of the earn. we're seeing an attack on the tech sector. whether or not that will have a real effect on the company's ability to earn, that's point one. i don't think the rest of the world is strong enough to sustain a u.s. manufacturing cyclical recovery. the markets are telling us that we hope we will continue to get earnings growth from the sectors that have been doing well. it's also telling us when you look at the more defensive sectors and also the bond market that, in fact, it's not absolutely perfect so leadership in the u.s. will be the key point for the rest of this year. >> we had those hearings on

capitol hill two days ago involving facebook and twitter sheryl sandberg said she welcomed regulation so long it was regulation that helped them with transparency, they were involved in the creation of such regulation whether or not that will end up happening, how much of a threat do you think regulation is to some of these tech giants, and what does that mean given their markets. >> i think she would say that, that was a very political event. whether that changes the business model is another matter or the fact how all the rest of us consume what they offer us in terms of services. i suspect it's very early days in this. it will take more diligent legislation to really interrupt the monopoly, the semi-monopolies currently dominating the u.s. economy. >> david, thank you very much for coming

that was david miller. i will give you some quick political news the front-runner in brazil's election is in a serious condition after he was stabbed at a campaign rally. the controversial far-right candidate was attacked while being carried on the shoulders of supporters. the suspect has been arrested. doctors say he's now in grave but stable condition after undergoing surgery but it could take him two months to recover there are concerns that violence could flair across the country today. his rival candidates have called off their campaign activities. and philip hammond hinted at further budget cuts if the uk crashes out of the eu without a deal speaking to the bbc, hammond warned the government would have to refocus its priorities if brexit negotiations proved fruitless. the warning comes after a leaked

document revealed a snapshot of the government's no-deal contingency plans. coming up, as president trump calls on the new york times to reveal the identity of a damming opinion piece, we'll hear from the owner of the "l.a. times," patrick soon-shiong very shortly.

welcome back to "street signs. i'm willem marx in london. these are your headlines iag shares see red after a breach compromises the data of 380,000 british airways customers. the airline says it is investigating the theft of payment details. european stocks avoid the losses on asian markets where equities hit a 14-month low amid concerns of a fresh round of sanctions against china. president trump uses a campaign rally in montana to double down on his accusation

that the that you or author of times" piece committed treason >> for the sake of our national security, the "new york times" should publish his name at once. i think their reporters should go and investigate who it is plus here on the shores of lame cuomo, talk is dominated by the upcoming contention italian budget but the former prime minister tells cnbc he believes that rome is being judged too harshly. >> we were able to solve the problems without european money. the big problem is that the consequence was raise of unemployment, budget deficiencies, so now today we are paying the consequences of this period. let's look at how european markets are getting along. the ftse 100 is still in the

red. down 0.10% italy down almost 0.5% in germany the xetra dax is down almost 1%. france is the lone outlier there. the cac 40 in paris. if we look at some of the currencies as well, the pound is trading very, very slightly stronger against the u.s. dollar the dollar very slightly down, weaker against the yen it seems to be trading flat against the swiss franc. if we look at the u.s. futures market ahead of the open, you can see all three of the major invices thesi indices there currently being called lower the dow and nasdaq all set to open slightly lower at this stage. sticking with the united states, top aids to president trump race to deny that they wrote an anonymous "new york times"

opinion piece that criticized his leadership at least 11 senior officials including vice president mike pence, secretary of state mike m pompeo denied writing the article. the article blasted the president's decisions as reckless saying some are working to frustrate the president's plans. the president called the article treason and suggested the article came from critics upset from his successes >> the latest active resistance is the op s-ed a coward nobody knows who or she is

for the sake of our national security the "new york times" should publish his name at one i think their reporters should go investigate who it is that would be a good story my colleague, steve sedgwick, is at the shores of lake cuomo in northern italy we heard repeatedly from this president in the united states criticism of the press your joined there by someone who can talk about that in more detail >> from a very educated point of view i did hear rightly you once worked or you cut your teeth as a cub at the "l.a. times"? >> that is right my first u.s. job was at the "l.a. times" at washington, d.c. bureau >> fantastic let me speak to a man who i know you're excited to hear about patrick soon-shiong, the owner of the "l.a. times." nice to see you. i know you're doing 100 things

at the moment. you have blown my mind with the stuff you're working on with n, storage. using the human body as an engine to fight disease. we'll come to that in a few moments time, if i may take on this topic of press, press freedoms, impartiality that the president is taking so much to heart at the moment, having a huge debate about the impartiality of the established press in the united states do you want to jump into this debate on how you feel about the president's accusations and whether there's voracity in those? >> we've taken the position very publicly at the "l.a. times" to have an independent view my fear is there's an eco chamber on the right, an eco chamber on the left. when you look at the events with the mccain funeral and how he tried to actually show

bipartisanship will be so critical for all of us to work together so i believe there has to be a trusted news source that somebody can go to that is fair and impartial but that really wants to report the news if you want to do opinions, which we should and will do, we should make both sides of the opinion are heard. >> you are also critical, if i'm right, of 21st century consumption patterns of news of click bait, of the whole story in 140, 280 characters, you think it's important to engage young people. young people want to consume it in 280 characters, don't think >> part of the problem is the business model of the current social network is advertising. the unintended consequences are

a perpetuation of false news because there's no clarity of what's false, what's true. so, yeah the young people want to engage. but i'm clear that the young people and middle aged people and people like me really are interested in truth. so there is an opportunity, i believe, to generate a whole new social engine in which i call a tension economy and engagement economy where you engage your interests and bring value. one opportunity as we announced today is e-sports, which is just another engagement engine to engage people. but engage with the truth. >> how do you get young people who want to game to read long pieces, editorials, op-eds, "new yorker" style length of pieces from the l.a. times? how do you get from there, i'm happily gaming away, consuming 140 characters, to reading a long op-ed >> well, you don't

because one of the problems is -- another unintended consequence of twitter and mobile phones is the brains are now rewired differently. it's now not possible for them to consume just the way their brains are rewired these long pieces i call this leisurely reading. which takes you back to print. i honestly believe in print and mobile where you provide leisurely reading but also provide areas of interest. young people will now require videos or short-form videos. but videos of interest we just need to go to where they need to be, but also provide content of value >> so the intusindustry needs to rewire itself also going back to shorter pieces on social networks. because of that response and the

growth of social networks, the regulatory response that has been talked about in the last 72 hours, do you think that's necessary to get the voracity and draw out the fake news in these organizations? >> i don't know if regulatory is the answer at the end of the day the private sector has to take true responsibility of what they're about. look, as i said, the facebooks of the world and twitters of the world, the model is advertising. but yet they take the press or report to take the press and put that out i'll give you an example -- you asked me the question about how will young people consume. i think nonfictional news is more exciting than actually fiction. so dirty john is an example we put out at the "l.a. times." 20 million downloads now bravo is running this as a story.

it's a true story by a reporter in six episodes. so the way to adapt to the new publication system at the end of the day the importance is the story. at the end of the day what we have at the "l.a. times," "new york times," "washington post," is the strength of the journalists. we have people, you know, on the ground that the social network companies don't. >> you mentioned the "washington post" as one of the models i know when you were looking for an editorial staff, you looked at the "new york times." the kind of places under assault by the president on a fairly constant basis you believe there is not a case to answer for the strength of the news, the fact that it isn't fake news, you would defend those ones as well >> i would absolutely defend them i mean, when i say defend them, we need to defend the whole area of democracy in which the newspapers are really another

state, so to speak i think the -- by the way, i don't see them as rivals i see it as we all need to survive, we all have to lift each other's boats that's why i'm so proud of the fact we hahave others to help us run the "l.a. times. >> where else would you want to take this conversation you are look at exciting moves on cancer, developments, treatments, energy, stories thereafter what's the thing you're most excited about? >> the cancer vaccine we're developing one thing we'll be announcing soon, the results of the natural killer cell. we have in our body a thing called the natural killer cell nobody exploited that to kill it

and to kill cancer we will present data on that it's different from the t-cell that's out there i'm also anxious to let the world know that maybe we shouldn't be giving patients high-dose chemotherapy, the logic and illogic current standards of care has been bothering me for 20 years. >> so much to talk about, but we have to leave it there pleasure meeting you thank you very much for joining me patrick soon-shiong, has a stake in the l.a. lakers as well one man who i will stick to script with, italy, where does it go next, politically, economically, we'll speak to paolo gentiloni coming up soon >> thank you very much when the housing market began its freefall in 2008,

mortgage giants fannie mae and freddie mac were on the brink of collapse the u.s. treasury department stepped in to bail them out. that turned out to be a profitable move for uncle system diana olick has more details on those two enterprises that ten years later remain under government control >> fannie mae and freddie mac don't make mortgages, they make it possible for lenders to make mortgages by buying their loans and packaging them into guaranteed securities that investors buy. that's how lenders get money to people who want to buy homes a decade ago fannie and freddie owned or backed 40% of mortgages outstanding. when the housing market crashed, the two began to bleed cash. so the u.s. government bailed them out and then took them over and putting them into so-called conservatorship. it was said to be temporary, but they are still there today. >> what the government did actually worked. fannie and freddie kept backing loans.

people kept buying mbs and fha expanded like it was designed to do everything worked and the housing crisis that people said could last for decades lasted several years and home prices quickly started to regain value. >> under conservatorship, fannie and freddie drew money from treasury, but were and are required to pay any profits back to the government. and ten years late uncle sam is reaping the rewards. >> fannie and freddie together drew 191$191.4 billion from th treasury, but so far have paid $279.7 billion, a net profit of 88.3 billion and they continue to pay some argue that profit is part of why congress and the administration have done very little to reform the nation's mortgage system. >> the problem is if the system works well enough then nobody is willing to take the political risk to change it. if you look at what's coming up in the next two years. we have a presidential election in 2020.

the idea that the trump administration is going to tinker with the housing finance system 18 month, 12 months before voters go to the polls, we just don't buy that and the market today is nothing like it was a decade ago when lenders very nearly shut the door to anyone, but the most pristine borrowers >> it was probably the most trickiest time for myself and the mortgage business and virtually for all loan originators. not only were we having to balance helping borrowers trying to get their homes and regulations and licensing laws and continuing education it was a challenging time in the marketplace for sure >> reporter: lenders are starting to offer more innovative products, but there's one big difference borrowers must show their income and prove they have the ability to repay the loan.

>> tune in to cnbc next week when we launch our back from the brink coverage, which marks the ten-year anniversary of the financial crisis shares in deutsche bank are lower following a report that hna will exit its stake in the bank according to dow jones the company reportedly plans to reduce its 7.6% holding over the next 18 months due to increased pressure from beijing to shrink its balance sheet. between 2015 and 2017 hna went on an aggressive buying spree and amassed stakes in many companies. swiss banks must do more to sprent f present future failures from dragging down the system the banks still have more work to do and should focus on improving their leverage ratios.

and credit suisse's ceo has ruled out a political career he says he will remain at the helm of the bank and not run for president of the ivory coast if you have any view on swiss banks, german banks, politics, tweet us at @streetsignscnbc. coming up, tiger woods shoots his lowest round in nearly 20 years. what does that mean for the u.s. team ahead of the ryder cup? we'll discuss that after this break.

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welcome back a well-known tesla short seller is suing the electric carmaker and elon musk. citron research's andrew left

plans musk aband-- musk tweetedn early august that he had secured to take the company private. musk later said that tesla would remain public. tesla did not respond to requests for comment on the lawsuit. and broadcom shares surged in after hours trading after better than expected quarterly guidance josh lipton breaks down the numbers. >> broadcom reporting earnings per share of $4.98 versus expectations of 4.82 revenue was in line. digging into the segments, wired infrastructure segment revenue, 2$2.3 billion that would include chips for networking equipment, products that manage the movement of

data enterprise storage about 1.3 billion. broadcom did announce its decision to buy c.a. technologies for $19 billion. that decision had left many investors uneasy the stock was down about 16% year to date, but investors sending the stock higher on the late effort earnings results josh lipton, cnbc business news, san francisco. iliad shares jump on rumors of a delisting the company said it had disappointing sales in the first half of the year and in beer news, shares in greene king are rallying after a strong rise in first quarter sales. it said high summer temperatures and the football world cup helped properties and beer volumes in its brewing unit also

rose 4%. someone who looks like they've been staying off the beer is tiger woods. he shot his lowest first round score in almost two decades on his way to an impressive 62 at the bmw championship his efforts were matched by rory mcilroy who joined him on 8 under par. nice preview for the ryder cup >> that's what people are looking at since tiger woods was named as a captain's pick earlier this week. where do you think he was in the world ranked this time last year or where did he end last year? >> 87th. >> he didn't play a lot last year he was 656th in the world. he's now made it back up to 26th in the world, helped by good performances in the last two major tournaments and in the fedexcup he looks like he's performing well again.

he took 29 strokes in the front nine of the bmw championship first round. this is his best opening round, as you say, since 1999 at an event when he shot 61. to say this is vintage tiger is no understatement. he has not been better since then >> look at that approach shot. >> exactly just a tap-in birdie there he was using a putter he said he was just messing about with witwit with >> don't we wish we had one of those? >> not a bad one to have lying around rory mcilroy matched him at the top of the leaderboard also 8 under par could be some interesting match-ups. ryder cup participants all the way throughout this event. you can see on that ball, justin thomas and alex noren going well all warming up nicely for a

couple weeks time. >> can you tell me about another iconic sports star >> yes serena williams is through to her ninth u.s. open final. she made short work of her semifinal. she won in 66 minutes. 6 6- 6-3 6-0. a year ago she was giving birth to her baby daughter not a bad year for her now she has a crack at trying to get that 24th grand slam title which would equal the record in era on margaret court serena williams says since tiger woods has come back from his back problems, it inspired her to think she can also get back to the top >> he's on his way back and has

been coming back from all his back issues. boy, he never gave up. it's inspiring i don't think people know how bad it was i'm not at liberty to talk about it, but it definitely makes me realize we are definitely going to be able to -- i can do my best if he can, too. >> a lot of sports to watch this weekend including that u.s. open final. i will try to tune in over the course of the weekend. thank you very much. join us at 11:15 central european time when we will hear from paolo gentiloni that is it for today's program for me, i'm willem marx. "worldwide exchange" is coming up next. welcome to the xfinity store.

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