. welcome to "street signs." i'm willem marx. these are your headlines european equity markets follow the strong global lead with the stoxx 600 firmly in the green after a record breaking session on wall street. european leaders deal a blow to uk prime minister theresa may. they reject her latest proposal and give her four weeks to salvage brexit talks >> if there is no agreement on a deal that is acceptable to the united kingdom, we're preparing for no deal. i believe we can get a good deal i believe there's a growing

desire to sit down and ensure we can achieve a deal deals on wheels. uber is reportedly in early talks to buy deliveroo for several billion. and let the battle begin the auction for sky opens this afternoon with comcast going head to head with fox in a three-round process to decide the fate of the british broadcaster. just to bring you some flash pmi numbers. the composite pmi is 54.2 against 54.4 that's slightly lower than last month's 54.5 services pmi has come in at 54.7, against a poll of 54.4 slightly higher than the 54.4. also we'll look at the manufacturing pmi.

it's come in at 53.3 that's against a reuters poll of 54.4 breaking news out of italy italy gdp growth revised to 1.6% for 2017, slightly higher than the 1.5% 2016 has been revised to 1.1% from zesoa 0.9%. the number of 2016 has also come down slightly from 132% to 131.4% obviously quite a lot of developments in italy at the moment we heard from mr. dim may dim , ishi

dimaio the stoxx 600 is up almost 0.3%. looking at the individual markets behind that number, the major indices in europe, you can see in london the ftse 100 is off to a positive start for investors. it's up more than 0.4% the dax also up 0.80%. and the ftse mib is performing strongly compared to the start of the trading day it's up 0.91%. let's check in on the sectors driving some of those indices. all of the major sectors in europe are trading higher. autos is up 1.35 basic resources also performing positively one of the big stories is one of my u.s. colleagues from cnbc is

reporting that comcast expects that 21st century fox and disney will raise their bid for sky as part of the auction process that starts today julia has more so the u.s. competition markets authority will run this auction. how is it going to work? >> yes so the uk takeover panel will be administering this auction set to kick off today at 5:00 p.m. it will run the course of one day concluding tomorrow evening, september 22nd the auction will be composed of three separate rounds, should it require all three. all offers must be in sterling let's look at what the three rounds will look like. in the first round, fox has the opportunity to come in with a higher bid in the second round, comcast will have an opportunity to come in with a higher bid they'll do this regardless of how fox acts in the first round. the third round, both fox and

comcast will have an opportunity to come in with higher bids. we'll get the conclusion of this auction very soon after it concludes on saturday evening. heading into the auction, let's look at where things stand in terms of the offers on the table. comcast in the lead with an offer of 14.75 pounds. fox backed by disney with an offer of 14 points in fox offer is for 61% of sky that they don't already own. sky shares have been trading well above the highest level for quite some time now suggesting that the investment community firmly believed that higher bids are in the pipeline. >> thank you very much appreciate that. guy petty joins us now as mentioned, the share prices higher than any of those offer force quite some time now. so what's your anticipated price

and how high can it go >> you're right. the market is predicting a further uplift, it's effectively out there as an expectation. we think the current price is reflecting the next move what we will say is the final move, probably tomorrow evening sometime, we think probably could be up closer to 16 pounds or 16.50 pounds, which is the fullest price that someone can afford to pay. >> where are you getting that valuation from >> that's what we think the asset could be worth in a positive scenario without much incremental savings or synergies. this is mostly a cross-border deal for both players. >> in terms of who has the upper hand going into the auction and in terms of how the different rounds are laid out, cnbc sources say comcast is in a good position because they're second to bid in this auction do you agree with that

>> i think both players will argue they're in a good place. you could argue that fox have to kick it off. how they come out of the trap in the first round will dictate the level of the bidding clearly comcast have the ability to follow an then a full and final offer. i would also say in the long-term, if comcast is going to concede, it will want the fox or disney 39% stake in the long-term. in reality you could argue fox has the extra key of being a major shareholder, and it will need a price, if it's going to exit they're sitting there and say we either bid up and one or secure a very good price for our 39%. >> in terms of finding the money to spend, they don't have to spend so much because they already have the share holding how important is sky's continued profitability to the idea that a pay tv model in europe cannot

only survive but thrive, do you think? >> pay tv models do work, but they're changing in the u.s. they're going from super large bundles in cable to more of an over the top scenario pay tv viewership is still strong but not the traditional form through the television that we had previously saw. it is important that sky it out there. it's investing into sports there's a lot of demand out there for still watching sports, but like in a different type of environment. you want profitable industries to innovate. if you think sky developed a broadband offer in the uk, it's spending a lot of money on investing and expanding its product sweet, that's important for not only sky but the overall

industr industry >> at the moment it appears one of these two will end up with sky. should they both fall away, is sky an attractive asset to any other bidder >> there's a flaw price of 14 pounds as part of the disney offer for fox. i was saying to another it was difficult, it's not for scale. there's a bit of hope and tiredness out there that sky has been under offer for almost seven years. so there is a hope that we do get that going forward

>> you end up with this transatlantic consolidation in a sense. do you see that larger entity would go after further consolidation in europe in places like italy with mediaset and other assets is that something you see changing in italy? >> you could almost argue there is a path going for that what's important is that what the strategy is for the uk, a broadband offer, will it roll out, will it be developing mobile, this talk of them developing in italy as well. so the new owner will develop those strategies that's more important for the telecom sector than the broadcasting media sector. sky is the kingmaker in that market it will determine the success of rolling out fiber in the long-term. >> guy, appreciate you coming

i in >> if you want to find out more about this british auction procedure and why comcast is assuming that fox will increase its bid, head to cnbc.com. royal dutch shell shares are in the green amid reports that the oil major is in talks to sell its gulf of mexico assets to sell oil. shell's 22.5% stake in the field is worth 1.3 billion the news agency says shell can participate after its takeover of bcg group caixabank will post a third quarter loss of 450 million

euros and it is selling its stake in repsol. it is shifting its focus to a more core banking business. shares in adobe ended higher after the company that manages products like photo shop said they would buy marketo in a deal worth 4$4.5 billion adobe says this will help it boost its own cloud-based business the deal should be completed in the fiscal fourth quarter. slightly more lighthearted, a group of british museums is competing with several u.s. hedge funds to buy over 5,000 artifacts from the titanic steamliner they include a bronze cherub and a part of the hull the american company that owns the collection went bankrupt so the objects are up for auction

the british consortium has the support of director james cameron. they have until october 5th to make a competing offer of 21$21 million to ensure the auction takes place. get in touch with us on twitter, streetsignseurope@cnbc or tweet me directly at willem marx. coming up, it's a big day for apple fans here's arjun kharpal with more >> i'm inside apple's flagship store in london. after the break, a sneak peek at the biggest smartphone yet and what customers think (vo) gopi has built her business with her own two hands.

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♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. welcome back apple's newest iphone models have gone on sale worldwide this morning. the tech giant unveiled three new versions last week along with a fourth generation of its apple watch. arjun kharpal is inside an apple

store inside london. has there been as much excitement around this release as in the past >> i'm standing outside here this morning the lines were shorter than we had saw last year when the iphone x was released one may be is that the iphone x was the anniversary phone. these are just the so-called s upgrades the xs and the xs max upgrades in addition, the iphone x was on short supply but there's still a lot of excitement for this device this is what people have been lining up for. it has a 6.5 inch screen we've seen samsung with the note 9 doing this size. huawei also. what apple is hoping to do is convert those people who didn't get their hands on an iphone x and are looking to upgrade from

an iphone 8 or an iphone 7 one gentleman said he bought the iphone 8 last year, but didn't want to wait for the iphone x because of the delays. now he's ready to buy the iphone x s. and the price, would you pay $1,099 for a phone they say we're happy to pay the price. we're not spending that money on tablets and laptops, because everything you can do on those devices we're now doing on the smartphone apple pioneered the mega high-price inphone last year with the 999 iphone x. there were concerns that the iphone x would put a lot of consumers off but apple has proven time and time again that its user base is loyal, customers will continually upgrade to whatever the latest device is and they continued that strategy here there's a lot of excitement around these devices what's interesting to see is

what this does to the average selling price. many wall street analysts including morgan stanley eventually upgraded their outlook for the average selling price. morgan stanley now thinks average selling price in 2019 will be $793, up from $723 that apple reported in the june quarter of this year a lot of bullishness around these phones a lot of excitement from customers, it's interesting to see how many customers opt for these higher prices as opposed to the iphone xr which will be replaced in october of this year >> arjun, thank you for that report multiple world heavyweight boxing champion anthony joshua will put his titles on the line in front of a crowd of 80,000 in

wembley stadium tomorrow night to fight alexander povetkin. is he nervous from what you can see. >> you wouldn't think that to speak to him always so willing to speak to the media. always so willing to put forward an opinion and an idea but he does it in a different way to traditional boxers. we've seen trash talking from all sorts of boxers, not just the heavyweights floyd mayweather you havery gooi as well. we always had theater around boxing, but that is not the impression from anthony joshua yes, he has risen to a high level. this is his fifth stadium fight. his third time in wembley. 20 knockouts in 21 fights, and some people are still not satisfied with what he's done.

he says he can't carry the heavyweight division on his own, nor should he have to at this stage. the heavyweight division has been reinvigorated through anthony joshua because now we're looking at super fights. he has four belts, deonte wilder has the last belt and he is fighting tyson fury before the end of this year anthony joshua is probably the most bankable boxer around the world at the moment. i spoke to him yesterday at wembley stadium ahead of this fight on whether or not he contemplates the idea of losing. >> no one likes losing, but everything is part of the story now. it's all part and parcel of the journey. i always asked after the fights, have you gone under this pressure i said have you ever planned if we lose what you will do he said not really i understand that it is about life life is not straightforward and

simplistic especially in a game like this it's tough certain nights don't define you when you're consistent if you're in it for the long run, your journey should define you. >> you're definitely a 360 athlete, you make sure when you put something out on social media, it's something people want to see. in terms of getting people to focus back on the boxing, how important is that to you what is the thought process when you do all these things? >> look, without you guys there would be no eyes on boxing without the winning and training, no one would be interested in boxing it's a bit of a 360. we all make up the heart, the ying and the yang. it is what it is i understand sometimes it's completely different to what i do people say who is he and the

next question is what does he do as long as the eyes of the world are on boxing, i'm happy >> so relaxed. you would never know he's on the verge of the next time he walks out in that stadium he will be in front of 80,000 people. >> and he could leave with $26 million. >> this is a dangerous opponent he has got a mandatory challenger someone sanctioned by the governing bodies >> could he lose all four of these belts? >> everything is on the line here rematch clauses are not in play at the moment, but you can imagine if there is a huge shock. in a two-horse race, anthony joshua is 8/1. you can get 7/1 on povetkin to win, and that's ridiculous joshua has been touted as the first billionaire boxer. he is 24th on the list of the

highest paid athletes in 2018. he's doing great things in the sport inside and outside the ring he was saying everything he puts on social media has a reason behind it. it gets people engaged in sport and boxing there's a perception of boxing being a violent sport, and there's an element of that to it, but there's a lot of good things and skills you learn from boxing, in terms of diligence, patience, determination. the guy he's fighting is a former olympic gold medalist in povetkin he was banned for doping in 2016, but he is back now >> which makes him a bit of a typical russian athlete in some ways the anti-doping agency just released more scathing details about russian's program. >> scathing, yes, but now russia is reinstated. so people think there's not enough done. whether or not wilder has taken

into account everything around the world of sport that led to the russians being expelled, the russian federation not being able to compete under their own flag at the winter olympics earlier this year, they were the olympic athletes of russia, they nearly got reinstated by the end of those games, that didn't happen but now russia has its status back povetkin is another element of that he has had to defend his doping allegations. we have maria sharapova in the world of tennis, she's serving time off from a violation. state-sponsored is alleged to be the case so russia is back on the world stage. povetkin will shine a light on that very interesting to see what the backlash is after russia has been reinstated into world sport. >> talking about the fight itself, you said anthony joshua is 8/1 favorite.

what are the techniques of the two boxers how do they match up what is povetkin's record. are they similar fighters? >> in the heavyweight division, these guys are the biggest punchers there can always be one punch that changes the game. that's why everyone is so interested in watching the heavyweight guys it's sort of sadistic in a way you wait to watch for that giant punch. in the last fight povetkin fought on the undercard of joshua's fight joshua was showing skills in that against parker to dismantle a world champion and take him apart. povetkin knocked out david price in emphatic style also in that, so you could see some big punches coming in but i think a lot of technical skills as well. look out for those big punches that's what the heavyweight division is all about.

>> the fight will be a powerful one. coming up, theresa may survived an uncomfortable bout with her eu counterparts at a summit in salzburg that left her brexit plan hanging in the balance. more details on that when we come back. discovered in jellyf, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life.

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welcome to "street signs." i'm willem marx. these are your headlines european equity markets follow the strong global lead with the stoxx 600 firmly in the green after a record breaking session on wall street. european leaders deal a blow to uk prime minister theresa may. they reject her latest proposal and give her four weeks to salvage brexit talks >> if there is no agreement on a deal that is acceptable to the united kingdom, we're preparing for no deal. i believe we can get a good deal i believe there's a growing desire to sit down and ensure we can achieve a deal deals on wheels. uber is reportedly in early talks to buy deliveroo for several billion. that sends takeaway rivals into

the red. and let the battle begin the auction for sky opens this afternoon with comcast going head to head with fox in a three-round process to decide the fate of the british broadcaster. all four of the major european indices this morning are trading positively the ftse 100, xetra dax both up 0.93%. in italy, the ftse mib is up more than 1% the cac 40 is up 0.75% the pound has significantly weakened against the u.s. dollar it is weaker by a third of a percent. the euro slightly stronger against the u.s. dollar. the dollar strengthened against the yen and weakened against the renminbi let's check in on the u.s. markets before they open on the other side of the atlantic all three major indices are called higher.

the dow jones after that strong ento the day yesterday looking to open up more than 120 points. the big story in europe in terms of politics, theresa may's brexit plan is hanging by a thread after eu leaders said significant parts of her proposals would not work she faced strong resistance to her suggestions of free trade on the irish border some european counterparts said they would cope with a no-deal brexit if she could improve her offer. one of her fiercest critics, emanuel macron, said the uk was painting a false picture of great britain once they leave the eu >> brexit tells us one thing, while i completely respect british k sovereignty, saying everything will be all right, it will bring a lot of money,

they're liars. >> at the end of the summit in salzburg, may accused europe's leaders of engaging in negotiating tactics. she warned that britain could also live with a no-deal scenario and urged the eu to come up with an adequate alternative. >> there is no counter proposal on the table at the moment that deals and delivers on what we need to do and respects the integrity of the united kingdom and respects the result of the referendum that's what we put forward if there is no agreement on a deal that's acceptable to the united kingdom, we're preparing for no deal. i believe we can get a good deal i believe there is a growing desire to sit down and ensure that we can achieve a deal >> despite the criticism you heard there, donald tusk said he was optimistic about overcoming the last remaining sticking points and about striking a deem

with the deal at the summit in october. may could struggle to get this plan known as checkers through the parliament after david davis said up to 40 mps from the conservative party could vote against the proposal he warned downing street would be taking a big risk if it tried to turn the checkers vote into a vote of confidence in the prime minister i'm happy to say we're joined by angel telavera thank you very much for being with us. so if this so-called checkers plan faces an uphill battle ahead of this next eu leader summit in brussels, do you think this all raises the likelihood of a no-deal brexit? if that's the case, what does that mean for the european economy? >> i think there's a truth in terms of what the no deal means

for the uk and the eu. the fact that the impact on the uk will be a lot larger than on the eu we're talking order of magnitude. when we looked at this, the impact of no-deal in the uk is 2 percentage points in the economy. smaller than it would be when we look at the eu, we're talking about 0.2, 0.3%. so we're seeing the eu negotiating from a position of strength at the end of the day i think ultimately there will be most likely a compromise that's the only way this can be sorted everybody understands the way to move on is to too some sort of fudge, if you will, where both parties can sell this domestically and it can be awarded in a way that it can be interpreted in different ways, both in the uk and in the eu this is the reality we cannot escape from. >> so you're essentially ruling out the fact there might be a

no-deal? >> no. we' we're optimistic, but this is something we can't discount. i think the eu wants to reach a deal but they basically acknowledge there will be certain red lines they will not cross. that's been made clear since the day of the referendum. i don't think what happened yesterday should be a surprise the eu have said this many times before if it comes to that, i think it will be a regrettable outcome. i think the eu can withstand this better than the uk. >> there's been months if not years of voices inside british industry, british business, even this morning a manufacturing association saying we need clarity. we need it urgently. is that quite as pressing given the comparatively smaller impact on gdp in is that the same in terms of european voices is there a reason european businesses would be saying we need this to be made clear to us immediately? >> absolutely. from a business standpoint on

both sides of the channel industries and businesses are concerned about this i think it's actually almost mind boggling that two years into the process we're still at this point of uncertainty. businesses are unhappy with this clearly there's a desire on both sides for an agreement to be reached. even if the impact on the uk is larger businesses have great concern about this >> let me come back to you in a moment another place we have had uncertainty is around the italian budget and luigi dimaio said next year's budget will have a flat tax. he also denied reports of turmoil within the ruling coalition and described the liga party as a loyal ally.

italy this morning has revised up last year's budget deficit to gdp ratio to 2.4%. they also revised down the debt to gdp ratio for the last two years. does that change in the gdp ratios mean a huge deal? it's still not great numbers >> to be honest, this is the first i heard of this revision i think it probably just happened 2.4 is a substantial revision. we were also more optimistic on italy's budget we were anticipating a certain increase in the deficit but not to a point where we would be exceeding the 3% threshold this revision of last year's numbers brings some questions into this. i think that the -- that italy in the end will probably not be as radical as they have been in previous months, but now we need

to see what the final numbers are for the budget >> luigi dimaio there, leader of the five star movement and they have wanted a universal basic income essentially he's saying there that they'll include it in their budget liga is saying we want this flat tax, whether it's 15% or 20% how are those two issues reconcilable given the debt load at the moment? how does that impact the ability of the italian government to borrow >> clearly we have to see what this translates into in terms of budget deficit if we go close to 3%, i expect this could be a storm in financial markets for italian bonds. i think the problem here is the five star movement is finding itself under pressure because salvini is running the show, even though they are the junior partners i think this is forcing their

hand in trying to recapture this protag nic protagonism. >> when you look at the broader euro economy, are the political risks something that concern you more in terms of the health of the eurozone economy rather than the underlying fundamentals? >> yes i would say italy right now, given the level of debt which has always been a problem, and the politics that are ruling the country, that's my number one concern more than the actual underlying fundamentals. what is happening to european industry that is, in terms of data, something you talked about in notes. >> yes industry is having a bad year. there's a few issues affecting industry one is the worsening of the global environment the trade wars, the fears of a trade war are hitting manufacturers hard we also had particular issues like the car industry in

germany, some issues regarding the new emissions standards. we had issues at the beginning of the year, weather related so it's a confluence of factors that is hitting manufacturing hard so it basically fell off a cliff in 2017 that was really good for industry in europe to 2018 that was really bad >> how much of that can you pin on the actions of the man that sits in the oval office and the white house? >> i would say it's a significant amount i think trump has not helped >> another leader that has had an impact politically in europe is victor auburn he was in salzburg migration was a big topic there. i want to ask you about the conflict between him and the rest of the european union, particularly other european members of the parliament who have voted to censor his party does this have the effort potentially to weaken eu

integration efforts, do you think? >> i think definitely we have a big divide now between some liberal governments in europe and say, for example, the efforts led by macron. clearly it's a problem in the longer term for the eu in terms of integration because we have seen different perspectives in what europe means and do we want to see the continent together. in practical terms this whole proceeding against them will not amount to much because you need anonymity from all countries to sanction hungary and et cetera, but it is concerning w we've seen a divide that i don't think will go away for years to come what does that divide mean for the economy in terms of european reform that might take the economy forward? >> i think it's always been a problem for europe given its size and complicated mechanism to achieve reform. this is something we've seen for

many years this just adds to the problem. we have an eu more divided in many ways than ever before or at least we have a core group of countries that maybe want to move forward, another group that doesn't. at some point this may mean things like a two-speed europe, which is an idea that was discussed in the past, then discarded. we'll have to find a way to move forward if anonymity is not achievable >> angel, thank you very much for coming in appreciate your insight on those subjects. sticking with europe, the ecb must start to communicate longer-term rate expectations. peter praet called for the adjustment to start next year. the central bank's meeting last week mario draghi reiterated the core rates would stay on hold "at least through the summer of 2019." president trump has raised pressure on the world's biggest

oil producers tweet fling that e members must get prices down now. trump's comments come ahead of the meeting between key opec and non-opec members in algiers where supply is set to be a central issue amid u.s. sanctions on iran. brent prices have been trading near an almost four-year high. they're up again almost 0.86% today. there are concerns that could lead to a reduction in global oil supply in washington, d.c. president trump lent his backing to brett kavanaugh, the supreme court nominee has been facing allegations of sexual assault from a professor in california, christine blasey ford, saying they would be willing to testify under the right conditions kavanaugh denied those

allegations. >> brett kavanaugh is one of the finest human beings you will ever have the privilege of knowing or meeting a great intellect. a great gentleman. an impeccable reputation went to yale top student. went to yale law school, top student. so we got to let it play out i want to tell you he's a fine, fine person. got tremendous support, i can tell you that. tremendous just like neil gorsuch who is now on the supreme court has tremendous support so we'll let it play out and i think everything's going to be just fine. this is a high quality person. >> if you have a view on president trump's love of the ivy league education system, get in touch with us about the eurozone economy or anything else, get in touch on twitte

twitter, @streetsignscnbc. coming up, uber has reportedly entered talks to acquire deliveroo. what could that mean for deliveroo's takeaway rivals? more on that after the break can be relentless. tremfya® is for adults with moderate to severe plaque psoriasis. with tremfya®, you can get clearer. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks.

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welcome back atlantia, acs and hochtief are setting up a buyout of ab, bsha. the deal faced questions after a bridge that atlantia managed collapsed recently in genoa. and shares of moss bros have plummeted more than 13%. that's after the firm issued a profit warning saying full-year figures for 2018 would be materially lower than expectations they blamed hot weather and the football world cup for the slump in like for like sales and uber is nearly talks to

acquire food delivery company deliveroo. the value of the deal is unknown, but deliveroo's most recent round of fund-raising valued it at $2 billion uber declined to comment on the report deliveroo told "the financial times" we do not comment on rumor or speculation just eat and delivery hero are trading lower on the back of that report. arjun has a few more details on that story >> i want to get a bit behind the rational of this deal for uber and deliveroo deliveroo is a fast-growing player they are expanding into new competition, but face stiff competition from uber eats so deliveroo is seeing this competition, the cut throat business that is the delivery food business. dara khosrowshahi has talked

about the growth and the importance of the business of uber eats, the food delivery business in may he said the run rate of that business would be $6 billion, meaning in the next year it sees $6 billion in revenue and continues to grow at 200% for uber it is cheaper, i would suggest, to buy a company like deliveroo than to infest in the infrastructure and the time and effort required to grow out its own food delivery business you have seen the worries by just eats, perhaps the most vulnerable player in this. if uber and deliveroo combine they will create a major global player in food delivery. deliveroo currently operates in 12 countries, mainly in europe, but also with a footprint in hong kong, in the uae and in australia. so the combination and merger with uber eats would create a significant global player in the food delivery industry back to you, willem.

>> thank you very much amazon can already deliver almost anything to your door and it now wants to cook your food as well. an alexa integrated microwave was a range of new devices launched by the company yesterday. >> reporter: amazon announcing 70 new alexa powered devices and features including ones in your kitchen and your car the most notable one was the microwave. the amazon basic microwave they got wifi to work inside the microwave and demonstrated with a potato using alexa to cook it. >> it is not just the standard microwave. it has alexa in it >> it will cost $60 and will ship later this year another highlight is the echo auto, fully integrated with

alexa and it goes in your car, you can use it as a navigational tool or do things like read you a book it costs $50 there's eight microphones in it and there is a dash mount for the ek echo device and there are new features which turn your echo device into a security device. they're working with companies like adt who saw shares rise upon the news. >> there's been a muted reaction in european chipmakers following a warning from micron that there would be an impact from trade tariffs. the company's cfo said gross margins would suffer thanks to president trump's latest tariffs on chinese imports and micron's ceo will speak today at 17:00 central european

time forget the trade war, former google ceo eric schmit says the u.s. and china will be at odds in the future over different things tesla's vice president of global supply management has resigned from the company. that's according to bloomberg. liam o'conner is the fifth -- fifth senior executive to leave the company in recent weeks. that is as the carmaker comes under increasing pressure over some production delays we've seen of course thanks to those public statements from the chief executive, elon musk comcast is expecting 21st century fox and disney to raise their bids for sky as part of this weekend's auction process alex sherman has learned that comcast believes going second in the bidding rounds would be better they will be able to gauge more about the competing offer it

faces. that auction of sky will take place over the next 24 hours starting from 6:00 p.m. central european time this evening and concluding tomorrow evening at a similar time 21st century fox will submit the first bid in round one comcast will then get the opportunity to respond in round two. if there's still no clear winner, the auction will proceed on to a third round where both parties can submit what's called a best and final offer all bids must be in cash that's different to comcast's original bid that was the highest bid at 14.75 pounds per share this bid has been recommended by the sky board. fox's bid is slightly lower, and it's for the percentage that fox doesn't already own. looking at the markets, a

relatively optimistic start among investors in europe. the four major indices trading significantly higher ftse 100 up almost 0.90% same story for germany and the cac 40 and in italy, the ftse mib is trading 1% higher. we had some revised gdp numbers and comments from luigi dimaio as well. let's look at the u.s. futures all the three major indices there are also called higher after yesterday's extremely high closes that's it for today's show i'm willem marx in london. "worldwide exchange" is coming up next. welcome to the xfinity store.

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it's 5:00 a.m. at cnbc happy friday the futures are up again we could have another record high today even with walmart out with a big warning over tariffs. what the world's biggest retailer is saying. apple's newest product line hitting shelves today. the former ceo of google is out making a bold prediction about the future. and who says there is no such thing as free beer. why cleveland brown fans may be bleary eyed today. but no doubt happy on this september 21,