welcome to "street sign"s live from london, chernobyl and stockholm. these are your headlines president trump threat jeps another set of tariffs on chinese tariffs and warns that all of china's imports are at risk beijing can weather the storm. >> this will percolate the impact of trade war.

>> the finance minister sparks a bond rally as the defense minister tells cnbc the coalition will not break >> what is more important is the -- is that the support from the people 60%, there is no reason to destroy a government >> reporter: and it's a political deadlock here in sweden as support for the nationalist swedish democrats raises the potential of a hung parliament. >> boris slams theresa may about brexit it leads to potential black mail

from europe. the finance minister says bond yields will fall as the government gradually starts its policies they must stop public debt they have made public promises take a look at the italian bonds this morning you can see a bit of price movement on the backs of that but nothing too important. they have said the country will meet and he acknowledged there

are key foreign metrics. >> translator: our budget would be based on growth every morning before calling my kids i check the spread so we want to meet e.u. rules on deficit. i was talking to some correspondents earlier about the political statements and spread and i know there were other dynamics but, you know, better to be safe than sorry. i can guarantee we will do everything to meet external regulations which will help our children grow better >> well, my colleague was at the fo forum in italy >> reporter: you know the story as well as anyone here there is an establishment view that if the government doesn't do anything, then that's okay. there is a fit view that if the government enacts policies, then problems will occur. that was the problem faced by

giovanni pria. he has two deputy economy ministers who want to enact a whole series of reforms, including taking away pension reforms, including putting in a universal income, including taking away the previous increases in vat for 2019 as well if they do those, many people in the financial markets believe it is unfunded, they will blow through their deficit reduction targets and the yields will pick up again the bond markets are reacting positive positively we're going to have a gradual approach we're not going to enact everything straightaway and that is something i talked about with one of demaio's tenants. the five star minister within the coalition, i asked her about the enactment of policy. she echoed what we heard

>> in this moment i think it's pretty good to answer as before. we will achieve our goals not in one year, which is impossible. we will take the time with investments, there are some investments to push now and i really think that the investments is very important because there is a multiplier for the growth of the economy. >> do you believe you will have time as a government, as a

five-star government to enact policies you want over a pragmatic longer term? there are those who believe that mr. saldini is watching the polls, that have good european elections that he would be back in the polls and that he would fit five star? >> with regard to exit poll every day, every day there is some change. more or less we have the same level. no one of us can ask the government alone in this moment, but what is more important is that when you have support from the people, that is 60%, there is no reason to destroy a government so i'm sure that this government will last for a lot of time. never we have to say i'm sure, but in this moment from the

support we will receive from the people that we receive, that we will do very well for our people >> reporter: the defense minister of italy speaking exclusive to me yesterday. so what happens next well, i can tell you one thing, the previously agreed european commission target of .8 of 1% gdp deficit next year will not happen that is a given. what will happen is a balanced budget for 2020, that will not happen they do need to do something because growth is slipping that's something analysts are very concerned about on the other side of the ledger this is a government that wants to spend money, wants to prove according to mr. tria that they are going to enact those policies and they're going to do them slowly. not to scare the bcp market like was scared in august as well but the fact of the matter is i think 2 is the magic number and i'll tell you why 2 is the magic

number 2% represents the magic number but it is nowhere near the 3% which thresholds have crossed and which the european commission starts wagging things saying this is not good enough stocks putting the real pressure on italy if pria can say i've kept them to a reasonable level, we need more help in the immigration situation, the battle in the mediterranean. we need more help in genoa they may get a bit of latitude from the commission. what if they do something outlandish what is something outlandish i talked to the pm des significant nor at the time we didn't think we would get a representative to put in a technocrat particular government what could happen next from a negative scenario. let's listen in. >> one is they do something very stupid internally.

>> stupid things, carry out their promises >> the deficit goes up to 3, 4%, they announce something like this i don't think we'll have it. the other big news for italy is an external shock. if europe decelerates, the world decelerates. italy goes into a recession. i don't think it can withstand even a minor recession. >> cottarelli is a former imf minister let me sum up. i think italy is walking a tight rope things at the moment are okay. 1% growth. they're not breaking deficit targets. the debt remains stagnant at 130% but because you have 10.9% unemployment, because you have 3.3 trillion euros of debt,

because you have a quarter of non-performing loans at banks around england, this is an external shock, internal shock, anything could disrupt them but they're stable it's fascinating to see what happens next which many people believe will be the root of the next european crisis if, indeed, there is another one that's the bad scenario. the good scenario is they get together and prove they can create growth and italy recovers it is a very tenuous battle. back to you, willem. >> on the shores there in italy. thanks so much for being with us quite a bit of uncertainty about italy's budget and in fact its broader economy. how does that translate into your view of the country's banking structure? >> that shifts from a more positive to a more negative view

on italy we actually have become more positive we have taken a noncon senten s sentencesal view and we have added banking exposure because the banks have fallen 35% from the highs and in particular the bond yield as they have widened we believe are now a positive risk/reward going into the budget discussions and final budget decisions because our view is it will come in below 2% and thatmeans basically we wil have levels closer to 200 rather than the 260 and some people 3% deficit which would be over 300. so in that context in european banks what we like about italian banks is not just the macro side but also on top of that that they're restructuring, selling

non-performing loans we like the management team and the consolidation. the smaller banks are being taken out so there will be less fragments and more homogeneous markets going forward. so italian banks, credit is five times more tangible. one of the cheapest banks if you want to buy quality it's an 8.5% dividend yield these are good investments for us today it has become too negative and risk/reward will be quite positive. >> that's the comparison between italian banks and european banks. what about a comparison between european banks and the u.s. counterparts do you feel like they're undervalued at the moment? >> the valuation difference between euro area banks, it will take all of europe, sweden, u.k., you're talking about 10%

we're still overweight u.s. over europe the reason why is because we see total shareholder return of over 10% every year in u.s. banks in fact, u.s. banks have created shareholder return for the last ten years since the crisis in europe the book value has been flat for ten years. you get the dividends but you don't get any book value per share growth it's 3%, 4%. that's very attractive over to 17 times leverage. so you need to bring in returns higher at this point we're still higher u.s. over europe by exporting out more of europe and however you offer some risk but turkey which in the short term can have a bit of a negative impact on european banks, but what i have

to say is the book value is starting to grow in european banks every year and we will get to the double digit 10% quarter shareholder return by 2020 because european banks have cleaned up their balance sheets, regulation's out of the way and litigation is coming to an end. >> you mentioned turkey there. a lot of the more unsettling moments have involved turkey and its troubled economy i want to ask you, there are of course, you know, a number of european banks exposure there. what do you think about those banks? do you think that investors fully understand the risks facing those banks >> very good question. we believe no. we think the market is too simplistic the direct exposures, they're at risk we agree with that we have downgraded it on the back of their expous showers the other two banks which have exposures, italy will be more

important for unit credit. why do we disagree with the views that you should only focus on these names what people under estimate, there's $170 billion of debt which the corporates have issued to banks and potentially other investors, mainly in europe, and we don't know where that fits. so right now all we care about is the exposure that the banks have to the turkish banks. how about the corporate? where does 170 billion sit i think we will get that in the third quarter as the banks give more disclosure about the turkey exposure, not just about the subsidiaries secondly, i think people don't look enough atley qu sple liquiy who gives the financing for $100 billion of debt. that's a lot of debt there could be a liquidity issue

in turkish banks hence, the problem is simpler versus saying they're exposed. no, there's $170 billion we don't know where it is and, secondly, we might get into some liquidity issues. >> thank you so much i appreciate your input especially on turkey head of european bank research at jpmorgan. now let's take a quick look at some of the developments involving telecom italia the ongoing sparring match between the london subsidiary and vivendi. both significant shareholders in the company. we had a chance to speak to the chairman over the course of the last few days but tobring you the latest from elliott advisors they are saying the vivendi statement promised a doubling of prices there was a board switchover at

italia elliott pointed repeatedly that the company shares wouldwe've s don't remember rags in the share price over the last few months since some elliott nominated independent directors. worth watching that ongoing grudge match of course, chairman spoke to my colleague steve sedgwick a few days ago he tried to downplay the tensions between vivendi and elliott. >> i don't see a war i see someone be uncomfortable like vivendi spreading rumors and news that are not accurate because they are there we are executing a plan that has

been devised and promoted by them originally and they also have their representatives on the board, including the very much appreciated by us the company. i see this as a storm in a tea cup. >> that's the at the will he come chairman. they seem to be conflicted. coming up, swedish elections end in deadlock. we will be live from stockholm eath the latest after this brk. brought it orchestration to growing businesses across the city. increasing productivity like never before. which is amazing. unless you're a barista. cdw implemented a dell emc unity flash storage solution. keeping data available and people connected from anywhere. so lucky me. so nobody wants coffee?

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welcome back to "street signs. let's check in on european markets this stage of the day. xetra dax is the only one of the four major european indices down .1 of a percent the ftse 100 up almost .1%

the cac carant up. another big european story following this weekend, sweden is facing the prospects of a hung parliament after two main groups were deadlocked they surged almost 18% my colleague is in stockholm this morning neither the center left or center right seems to have the mathematical option to form a new majority government, charlotte. what happens next? >> reporter: there is no clear winner from the election last night. both the ruling center left and right neck in neck just short of a majority of a government to run the country. as you mentioned, seasoned democrats have the results but less than expected they were holding between 20 and

25%. they're asking a third party, the country, the sweden democrats say last night in the press conference after the result came out that their leader said that they gained real influence in swedish policy and they very much said that and very much did that during the campaign putting immigration right at the heart of the agenda and i caught up last night with magdelena, the current finance minister and i asked her how come the swedish economy, there is a success story take a listen. >> because it's doing so well. we have high growth. we have very high employment we're at the highest employment ever mentioned within the european union very strong public finances. public debt is the lowest we've had since 1977 it's noll really what people are concerned with

there are other issues those are the ones they're discussing. >> do you see immigration as a swedish government has hijacked the conversation >> well, yes it's what they are maybe known for, but we're mostly trying in this election campaign to be very clear and describe what the economic policy are. many voters don't know they can cut taxes for the very highest income and at the same time cut spending on health care and schooling and child care >> reporter: that was magdelena anderson, the current finance leader of sweden part of the social democrats the democrats and the prime minister say they will not go into a coalition the swedish democrats say they will go with the moderates the moderates have said there will not be an official agreement with the swedish

democrats. i caught up with the economic spokesperson for the moderate last night and asked her if a deal, even an informal one will happen take a listen. >> we are the largest group. we do not have any other larger group than the alliance so we will see a new government. >> could an extended political gridlock damage the swedish economy in the short to medium term >> swedish economy is quite stable and we are a responsible government in the swedish parliament so i see that we will have a responsible economic policy with alliance and together with also the social democrats. >> do you feel like the main party, the moderates and maybe the social democrats have failed to grasp the anxiety from the voters when it comes to immigration and the securities

>> absolutely. we did that already in 2014 when the swedish democrats grow quite a lot. we didn't really talk about the problem and we talked about what to do about them that's a lesson to learn. >> if we get to power, what would be your priority >> fix integration and also make it more profitable to work >> reporter: sweden has a history of minority governments and it used to be with this situation to have very much a history of consensus policy making they can restore gridlock in politics in the short term, but we expect a tight result between the left block and the right block. the swedish model of policy making is very much under pressure. >> thanks so much for your reporting this morning that was charlotte reed live in scotland. coming up, trump and obama

exchange barbs as campaigning heats up again, crucial mid term elections. more on this war of words between the current and former u.s. president after this break. ♪ hawaii is in the middle of the pacific ocean. we're the most isolated population on the planet. ♪ hawaii is the first state in the u.s. to have 100% renewable energy goal. we're a very small electric utility. but, if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution using smart sensors on their network that lets us collect near real time data on our power grid. (colton) this technology is helping us integrate rooftop solar, which is a very important element of getting us to our renewable energy goals. ♪

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welcome back to "street signs. i'm willem marx in london. these are your headlines president trump threatens another set of tariffs on chinese products and warns that all of china's imports are at risk a former governor tells cnbc that beijing will weather the storm. >> we use a mathematic calculator to calculate the impact of trade war for the chinese economy. actually, it's not very large. it's not significant >> the italian finance minister sparks a bond rally after he promises a gradual approach to new government policies. italy's defense minister tells cnbc the governing coalition is unbreakable. >> what is more important is

that when you have support from the people, 60%, there is no reason to destroy a government political deadlock in sweden as a surge in support for the nationalist queen democrat raises the prospect of a hung parliament and boris johnson slams prime minister theresa may's plan for brexit. it leaves them open for perpetual black mail from europe and it sparks another round of in fighting. to bring you some u.k. data breaking right now we can see that the total of goods and services, trade balance for the united kingdom in july is down .111 billion so that is more than 100 million pounds that's against the june revised

figures. it is also quite interesting to see some of the export numbers here they're up 2.3% for the quarter for goods. import volumes up .1% for the quarter. if you look at the industrial output numbers, that's coming in month on month it's up .1% that was against expectation of .2% it's .9% year on year there. the gdp growth has been lifted by world cup boosting retail sales. that gdp number is one of the crucial ones to be watching. you can see there is a bit of a bounce there for cable sterling is now trading almost .1 of a percent higher against the u.s. dollar. let's check in on the european dollars more broadly outside the u.k. you can see the xetra dax is in the red down .1 of 1%. the footsie 100 is saying the same about the flat line

similar in paris, cac carant trading flatly they're having a 'tiff impact there. the ftse mib is up 1 other currency there besides cable, you can see the euro is trading .10 of a percent against the dollar the dollar is a little bit weaker against the japanese yen and the dollar seemingly stronger let's check in on the futures for those three major indices there. the s&p 500, dow jones and nasdaq all being called slightly higher at the open dow jones looking to open up more than 97.5 at this stage of the morning. now president trump has warned that he could level tariffs against almost all chinese imports. he was speaking to reporters on air force one, his personal plane. he threatened duties on $257 billion worth of goods and added

that he's ready to roll out even more restrictions with very little notice. speaking to cnbc's economic white house advisor, he said china has not yet met washington's demands on trade. he offered an olive branch and said the president does not want to destroy beijing. >> the president's view is not trying to destroy the chinese economy. we're not trying to put them out of business. we're trying to get them to join the international trading nation's world and be a citizen and abide by the rules for the first time in some 20 odd years and if they lower their barriers and leave us to our technology innovations, you'll see a ton of american exports which will shrink the trade deficit that's the point >> more comments from president trump. he suggested that apple should move its production to the united states to avoid looming tariffs that he talked about repeatedly on chinese goods. trump tweeted that apple prices,

quote, may increase due to the proposed levies on china he urged apple to, quote, start building plants in the, quote, united states. lloyd turner said the next economic crisis could be in china. steve sedgwick asked him what he thinks and why the u.s. economy is growing >> the u.s. economy is booming because it has just received a massive fiscal stimulus. the fiscal debt of the u.s. government, the deficit has been brought down from 10% in 2009 and getting down to 3% by 2016 with, of course, the republican party saying the deficits are far, far too big and only some irresponsible democrat like larry summers saying we need to hire a deficit to get it going trump has unleashed a massive, massive increase in the u.s. fiscal debt. it's going from 3%, up to 5%, it

will be up to 6% this is a large deficit when an economy was already growing. everything we know about economics, if you put in a huge stimulus to an economy that is already right, you'll make it grow faster. out there you'll create inflation and you'll create increased rates unless you slow it down. as was said yesterday, the u.s. economy is growing very, very strongly but it is fragile because it is based on a really huge fiscal stimulus now simultaneously we are seeing the emergence of a problem which is really, you know, a chronicle of a crisis foretold for the last three or four years anybody who knows what's going on in the global economy asks where the next debt crisis is going to come from hoping it's going to come from dollar denominated debt issued by corporate stores, quasi state institutions in an emerging market where they've been issuing debt, dollar debt

because it's been a very low interest, but when u.s. interest rates go up and when the dollar goes up because the u.s. interest rates are going to go up, that debt is going to look very expensive that is what's happening in turkey that's what's happening in argentina. could be worries about indonesia as well. emerging markets, dollar denominated debt problem, every now and then there are things which we've talked about for years, completely foreseeable, and now we're facing it. >> so if i have to say the next great financial crisis, if there is going to be one, is not going to be a clone of the last one? >> no. no. >> is it going to come from somewhere else >> what to me -- where do i think the next slowdown in the global economy comes from? i think it -- >> good there. >> when you need a slowdown. the issue is how do we get a slowdown in a controllable way i think it could come in two ways the global economy is not coming over the last two years.

fiscal stimulus from the u.s. and the other from china china has taken its fiscal debt from 1%, in china, slow down the bank debt boom but it's been offsetting it with a fiscal growth so what could happen over the next two years is first of all the sheer scale of the trumpian expansion in the u.s. could lead to inflationary pressures which produces a faster increase in u.s. interest rates than we anticipate, and that may then produce quite a sudden slowdown in the u.s. economy. we were saying yesterday markets about 20/20. it's running at 6.5% they can afford to slow it down to 5% to make it more balanced they may want to do that, but when that slows down to 5 pergs percent, that slows the global economy down those two things together could produce a big slowdown in the

global economy in 2020 then a slowdown in the european economy and where do i think the trouble would then arise well, maybe right here italian government debt is only sustainable if the italian economy keeps going. you need a small recession across the european union perhaps driven by the two big factors that i was talking about and we're back to talking about what are you going to do about it there are a ton of issues of consumer debt. there are some very specific things the debt is getting very big and that's going to hit the consumption of young u.s. consumers. they just piled it up. but the really big ones are probably the emerging market corporate debt and i think italian sovereign debt

>> he thinks that regulation is the way that investment firms must and can operate the ceo and vice president of adss thank you for being here in london, philippe where do you stand you told me you were an emirate citizen. congrats on that where are you seeing investors, new ideas, new technology emerging in the middle east region >> on the -- if you want to focus on uae, definitely uae has been continuing its plan of continuation which is a serious plan because they're very hands on technology affected the oil price. we were here a few years ago when oil was at 28 and the discussions that we had with the proper people in abu dhabi was that technology is only going to push the oil prices higher now in our industry due to high

regulations it is an obligation for us to democratize trading. there are regulations where today they're going to decrease leverage only with push companies like us, we invite a lot in technologies to reduce costs, democratize our platforms and companies that want to be hands on and put in trades and control their money. decentralization is going to be next push. if you think that we saw something the past few years, this is nothing what we're going to see in the next years or even the next ten months is going to be an exchange on that why? blockchain artificial technology into trading. even if they decrease the leverage, more clients are going to trade more political activity is going to come and we strongly recommend to institutions like us, like ours to push into

education. give transparency to clients explain to them what they are doing and allow them to hear what they are doing and this is where our citizenship technology is going to allow forums of discussions to be much more stronger and forums will create volatility. >> almost an abstract question but, i mean, the idea of artificial intelligence leading to transparency. >> look, first of all, professional and retail clients, retail clients are shifting to become professional clients y. because they're much more informed and they're much more hands on and much more disciplined. when you reduce leverage, what does happen? you are much more focused because you need to be close to your margin. and this will allow you to -- and companies like us need to create new products and propose new products for plans to respect their margin requirements and have access

one of them, climate change, is under priced you know we are talking about currency war where today you will have migrations of populations due to climate change which will affect the market and it is totally under priced this is where you will see people due to strong technology assessing markets they didn't assess more or invest into products they didn't invest before because they were not looking to be commodities they will be other kind of product. this is where we have to go very fast in developing a sophisticated transparency that allows people to trade all the time all around the world. >> and it's really interesting because of course the classification and cat at the gore ryization, whatever you call it, is inherently subjective, right? do you think based on the current classification of what a retail client is that it's worth it to go chasing those kind of clients?

>> when you talk about democratization, it's no more a question of chasing, it's a question of you proposing a certain service that people feel comfortable enough to use it without even you really leaving it you will be a platform that people will build on the job for us is to decentralize, democratize and allow people to access very comfortably. this is why we have a company that established between asia, the middle east and growing. abu dhabi on the initial question, what i would like to add is the visit we had from the president to abu dhabi is an additional plan to it. today china and africa, we saw the move on china and africa including the middle east will lead to a program of having china and this region of the world insulated from the dollar exposure and this is why we

believe that this is going to push an additional volatility to the markets. >> you brought up geo politics there. one of the final questions for you. >> yes. >> how significant do you think the decisions have been both political and economic, in terms of the impact they have on the investor mind set when it comes to saudi market. they're announcing they're trying to open things up to investors with derivatives, with etf options available. how much do you think investors are looking at what's going on inside the kingdom and saying i'm not sure i'm ready to jum noop that yet? >> first of all, i think myself that saudi, uae are quite hands on to allow foreign investor to look into their market and invest as they want, gradually, intensively. you will only see plans, accelerated plans even in saudi arabia where they will allow

investors to invest there. >> thank you very much this morning. the ceo and the vice chairman of adss. now coming up on the program, the european program moves closer to a deal with the u.k. over brexit as the former secretary here in brittain boris johnson attacks theresa may's dopaurfr t u stay with us. man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission with dosing every 8 weeks. woman: stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and cancer.

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welcome back to "street signs. lebanon's economy is under growing pressure an ongoing uncertainty is weighing on the country where high interest rates and falling house prices are threatening already weak economic growth my colleague had lley gamble i in beirut. you've spoken to one of the people holding the country's economy together how worried is he? >> well, he's certainly frustrated, willem i had the chance to sit down with the central bank governor of lebanon we talked about economic growth, about 2%, expected to be 2% here in lebanon again

we talked about the regional instability. we talked about the effect that's having on lebanon in particular how costly it is for this country to service the debt. the big question is when this government will be formed and what this actually means for the economy. i asked him if he was worried. let's listen in. >> the market, they want visibility they want to see the resolution being implemented. the economy needs fresh intro speccion in order to create growth and to create jobs. what is most needed in the reform is to stop enlarging the public sector and to start enhancing the private sector to become more productive lebanon before was essentially

driven by the private sector the public sector represented 17% of the gdp today it presents 25% of the gdp and that means lessee fish ens si, less funds for investment and more corruption. >> lebanon central bank governor essentially telling me he's extremely frustrated with the fact that the government hasn't gotten a move on this country is yet again being held hostage politics, especially when you have the billions of dollars that have been committed by various dollars at the imf world bank to galvanize the world economy, work on all of the things that the country really, really needs to get back on track with growth, creating jobs the big question going forward, is a crisis looming. he essentially said reports that we're going to have a currency

crisis or devaluation of the crisis have been saturated >> thanks very much, hadley. they're going to wrap up a bill with the united kingdom. that's according to the financial times. an e.u. summit later this month. we have the mandate to help secure a brexit agreement soon the move could represent a softening of the e.u. stars. politicians say the talks are currently slowly moving as the brexit deadline looms ever closer meanwhile, brittain's ruling conservative party is in turmoil after boris johnson described the government's brexit plan as a, quote, suicide vet. the comments were made in an opinion piece for the mail on the sunday paper one former foreign office colleague alan johnson called it disgusting and, quote, the political end of boris johnson

he even threatened to quit the party if johnson were to become leader johnson's comments were criticized by sajid javid as well. >> there are different ways to articulate your differences. it's a reminder for all of us, whichever party we represent, to use measured language. that's what the public wants to see. >> steve sedgwick spoke in italy today and asked him if johnson was making a move on the conservative party leadership. >> that's for him to answer. there has not been a challenge so far despite all of the threats and the press reports. a huge majority of conservative mps and conservative party members in the country wants to see theresa may continue to lead in getting the right deal from the european union that works

for brittain and europe. they want theresa may and the government to work on presenting them a plausible, compelling alternative to jeremy corbin's experienced socialist views. we have to tackle housing, health care. things that the british public is worried about. >> barack obama is campaigning on behalf of democrats in a speech on friday obama hit up the current president donald trump. he called him, quote, a symptom of polarized politics in the united states. obama highlighted the mid term in california kwhere he avoided president trump by name. >> a consequential moment in our history, and the fact is that if we don't step up, things can get

wor worse. where there's a vacuum in our democracy, when we are not participating, we're not paying attention, we're not stepping up, other voices fill the void, but the good news is, in two months we have a chance to restore some sanity in our politi politics >> president trump then responded to obama's criticism he said his predecessor is trying to take credit for his successes. he reacted to his speech. >> he said, what did you think of president obama's obama's speech i said, i'm sorry, i watched it but i fell asleep. i found he's very good, very good for sleeping. i think he was trying to take credit he was trying to take credit for this incredible thing that's happening to our country. >> it is a bit unusual for u.s.

presidents past and present be to criticize one another but it's not entirely unheard of though it does seem to be another symptom as former president obama talked about let's go to u.s. futures while we're on that part of the atlantic s&p 500, nasdaq higher the dow jones looking to open up 110 points higher. quite a significant bounce you can see that that is a very positive look for the start of the trading week in the u.s. as well well, that is one thing that we're going to check on. the other thing is the european markets of course. you can see the ftse 100 well into positive and the ftse mib that is it for today's show. i'm willem marx. "worldwide exchange" is coming up right now prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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it is 5:00 a.m. and here are the five big things that you need to know to begin this monday morning long-time cbs investor le les moonves is out the chairman calling on apple to bring more production back to america. a developing but dangerous story. hurricane florence is picking up speed and taking aim at the coast. a megamarket milestone now ten years since the main week of th