i'm karen cho. these are your headlines comcast takes the battle for sky from the auction block to shareholders as it hopes to win investor support for the $40 billion deal mining for value, shares rise after canada's barrett announces an $18 billion whole share tieup with a london listed miner creating the world's biggestduc. china criticizes the u.s. for bullyism sending european

shares lower here in westminster british prime minister theresa may prepares to face her cabinet colleagues she'll be trying to defend her original brexit plan as number 10 downing street denies reports of a fresh general election. let me take you to sky shares that have moved higher nearly half of the trading session after comcast's victory over 21st century fox. announcing the terms for the bid for sky, comcast is offering 17 pounds 28 pence per share. sky immediately accepted the offer and recommended it to shareholders who have until the 11th of october to decide. the deal represents a 125%

premium, that's right, 125% premium to where the paid tv group was trading before the big battle with fox started in december of 2016 here's a quick look at the rest of the stocks in the sector. you can see most of them trading higher with the exception being t. itv being up the big french paid tv critic trading north. rcs is trading higher. so the question for many investors is whether this consolidation from comcast side to take over sky is going to be the trigger for more consolidation across the european media stocks after what we've had has been very strong new to consolidate assets in the state. europe was kind of lagging behind so this could just be the early part of the process. let's get out to julianna who's been covering the story from sky's headquarters julianna, it was a solid bid process over the weekend where

both bidding parties could not see it tallied up from either side what we had was a huge gap that emerged between the comcast and disney/fox side. tell us about this forecast that they're paying for sky can you see value? >> reporter: thank you, karen. yes, comcast came in with a bid of 17 pound 28 pence which was significantly higher than fox's bid and the top end of analyst and investor expectations. part of the reason for this full price is connected to the next stage in this process, and that is the tender process whereby comcast must go out to sky shareholders and appeal to them to achieve 50% acceptance in order to lock in the deal. in terms of this next step in the process, comcast has until october 11th to reach and cross this 50% mark. the key question moving forward is around what fox decides to do with their 39% stake should fox decide to participate

in this tender and sell their 39% stake becomes a lot easier for comcast to reach this key level, but should fox decide to retain their stake and opt out of the process, it's much, much harder for comcast to get there. they have to at that point achieve 50% acceptance from the available 61% of shares. so comcast is, as we understand, in the market seeking to make purchases up to the offer price of seventeen twenty-eight p inevitably providing support for shares and seen as this big bounce today we are closer to the end but not quite there yet, karen. >> julianna, thank you very much for fleshing out the details around this. i want to bring in alex degroot. sky workers are heading out for their jobs today and they've got american owners likely to be incoming i want to ask you how the sky

company is to be feeling the message from comcast was that we would accepted see an independent company. do you think sky will be truly independent? >> yes, i do i think if you look at comcast and sky together, you can see they're pretty complementary there's pretty little in the way of overlap comcast is primarily in the states and north america sky's primarily in europe. there will be operating synergies but i don't think there will be a lot of combining. a lot of sky employees will be shareholders so they will be counting their rewards from the outcome of this auction process. >> celebrating the 124% trade in from the initial beat. >> yes, absolutely. >> i want to ask you about the ebida to enterprise elevated to

15 times are you worried about the level of debt comcast has taken on with this acquisition? >> well, i think i would have been more worried if they had pursued the other folks' assets which eventually ended up with disney that really would have triggered concerns with the debt and the gearing but as it stands i would imagine net debt to ebida which is the ratio we look at is three times. it's not nosebleed they're one hit lower than that. they'll be on the side with the business model here. again, important for viewers to remember that sky is primarily subscription based revenues so pretty low risk. >> the strategy from comcast has been to chase scale as it's battled some of the head winds on the tech plans and cord cutting that has followed. 23 million subscribers across europe is what comcast picks up. large pad for digital services how do you think players like comcast are able to withstand

the threat from netflix, amazon and even apple >> i think programming is content is going to be key at the end of the day that's what drives subscribers is premium content. sky has majored on that in recent years we're all aware of channels like for example sky atlantic and sky has also been very successful in its european markets with local language content sky brings a nice combination of distribution and content and i do think that will benefit comcast as it looks to repel the new entrants in the market, guys like netflix. >> thank you very much for joining us, alex degrotte. for more on the comcast victory on fox and to find out what may happen with the stake in hulu, head online to cnbc.com. canada's barrett gold and lond london's rand gold is going to join

it's going to be a gold mining giant worth over $18 billion the firms say the combined groups will hold five of the top ten assets in the world. they could consider selling off holdings overtime. they have been under pressure throughout 2018. and french supermarket chain casano says it has declined a potential takeover carrefour denies the claim over casino in terms of what we're seeing on the markets, there's a sentiment gauge on the german economy. just crossing the wires is a statement that they say the german morale has dropped in

september. it's at 103.7 in september versus reuters consensus forecast for 103.2 so it seems to be slightly higher than con sepsis 10 of poi 106.4 versus 106.1 the expectations at 101 versus a forecast for 100.2 so that is slightly higher. so it is coming through in the month of september at a level that -- i want to get into some of the detail because we have trade headwinds in the backdrop and what's been impacting the economy. clemens, give us a sense of how you think this ethos has staked up to the month of september. >> good morning. there is a decline but it's not very strong. there is a small decline and that reflects there is some uncertainty in the markets in particular in the export industry but the domestic

economy in germany is very strong so overall the picture remains robust >> what can you say about the trade headwinds? because as we saw china has withdrawn from trade talks with washington we have fresh tariffs coming before us. how immune is the german economy when there's been a truce on trade in the united states >> well, the conflict is now between washington and beijing and in a way that's good news for europe the question is how long will it last so in principle the tariffs on chinese goods open up possibilities for german and european exporters so in that regard it's not so bad, but of course overall an export economy cannot be interested in spreading protectionism. nobody knows when trump will turn his attention to europe again so uncertain at thty is g again. of course, there is the brexit

issue. many things are unresolved there. a lot of this is cree ating a l of uncertainty for german industry as well. >> let me pick up on some points i'll come to brexit as well. when it comes to trade, they're talking about mid terms. they're in the height of the political climate coming up to the key vote what do you make of the negotiating window that the chinese are facing and if you were still here in europe looking at some form of a truce, if you still had trade concerns on the agenda, would you be concerned about negotiating? >> there is an issue, certainly. things might be easier later in the year but generally i'm under the impression that the trump administration is also feeling pressure from u.s. businesses who are negatively affected by the trade. we see that chinese tariffs or pressure on the u.s. administration to not exaggerate

with protectionism are growing. >> i want to look at more brexit than you were thinking because the checkered plan by theresa may has been rejected by the partners it feels like an impasse here in that a no deal could be the most likely scenario. at the same time there is fresh talk here about a snap election with jeremy corbin fleshing out his plans. how do you think europe perceives the idea of negotiating with theresa may for a brexit outcome versus an outcome that could be coming and a second referendum on brexit? >> europe would be happy if there were a second referendum the question is, you know, is it certain that the result would be different from the first referendum i have to say i'm worried by the fact that on both sides diplomacy was so bad at the last

summit what we need are leaders and governments that are more constructive about solving these issues and minimizing the damage for both sides you know, i think if there is a snap election in the u.k., weit will be very difficult to come to any agreement before march because the new government would have to be formed. this would all take a lot of time so we are running out of time. >> so there could be uncertainty on both fronts thank you very much. clemens fuest, president of ethos institute. al gears, the members will give cnbc a response to president trump's criticism.

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you're watching "street signs. let's get up to speed with the european markets this morning. just over an hour into the trading session and we have seen a further decline in the major indices. some of this coming from the german market trading down about half of a percent, this after the etho index has crossed as well give you a separate gauge on that economy

elsewhere, too, the italian market very weak down triple digits 145 points roughly that's giving us slightly weaker number of about 1/3 of a percent off the base mark. let's look at the sectors. we were evenly split versus more selling than buying at the open. you can see this morning there are patches there that investors are focusing on. media stocks, for instance, after the big bid for sky, 1.1% higher oil and gas up .7 of a percent after orders are weak. part of the mix today. 1% lower and basic resources too. opec and its allies have ruled out an immediate boost iran and u.s. sanctions were also topics of the meeting in al gears. let's get out to steve steve, it was curious to see tweeting by president trump over the weekend trying to steer the debate over oil prices despite the fact it didn't have a name

tag at the table, didn't have a seat at the table. he's managed to create a fair bit of noise around this opec meeting. >> reporter: yeah, look, to be fair to mr. trump, there are other consumers out there who have the same concerns about the oil markets, i.e.,, they cannot stand for their national budgets higher oil prices. the indians are a case in point. it is blowing out the indian budget deficit this is the second largest country on the planet in terms of people. there are others who are concerned about the high oil prices i think opec are concerned as well they're concerned about losing control of the situation which they've managed to grasp back over the last two years successfully by bringing in russia and other players and taking supply off the table. the problem now is can they put it back? and that is the key question which the market is just pushing, just probing to find out if the saudis and the russians are still in control of this situation now trump didn't get what he wanted from the weekend. he didn't get the fact that the saudis say, okay, we'll put more oil on the table

at the moment their key focus is putting the oil back on the table that they said they would from back in june from the previous meeting where they said we're over cutting more than the 1.8 million we said we would do. let's put a million barrels back on the table the saudis have 129% compliance. they want to get to 100% to put that back on the table there are a lot of questions about it especially with the iranian sanctions looming. i've been talking to the iran n iranians as well they are at loggerheads with the united states, with mr. trump as well i put it to one of the most senior men in world oil. he's been the opec governor on and off for over three decades for iran so he's seen an awful lot. i said, look, is it iran's situation or something else that's creating the problem. let's listen in to his comments on the united states. >> the americans are pushing, trump administration is pushing politics into opec and is aiming at splitting the members and

securing their own interests by getting lower prices and so forth. i think what they are doing actually is to -- is actually higher prices because the fundamental does not work at this level of prices if they keep quiet, the prices is cheaper, i'm confident about that, and i have 34 years' experience in this business. i'm telling him, keep quiet. do not do any tweets and then you will be better off in the prices. >> he's speaking to me late yesterday as well. so of course that's the iranian stance which is just as robust as mr. trump's view as well. it's important to get both sides of the equation as well. what role does saudi have? the kingdom has 1.5 million barrels spared that it can put on the market if the customers

want it. they're saying every refiner, every customer that wants it is getting their products as well the market has nagging fears about the market in the next three months or so i spoke to his excellency about the relationship between the kingdom and iran because historically no matter what has gone on politically, the door to the opec secretary has been the barrier between politics and just getting on with oil policies i said to him, look, are you actually speaking to the iranians about the situation let's listen in. >> i think first ofall we are going to assess the market and where we are as we all know, we have achieved pretty much the objectives that we set out in 2016 to achieve markets relatively balanced. supply and demand, our line of inventories are where we targeted them to be and we're looking beyond the current agreement now to 2019.

we also are concerned about the global economy like everybody else there are trade tensions there are emerging market pressures of their currencies and we have to look at demand so it's not -- it's no longer about supply only. i think demand is emerging as a concern as we look at 2019 and we'll address it today more importantly, we will prepare for the full ministerial meeting in december which will be quite pivotal. >> what about mr. trump's accusations that opec is only interested in higher and higher prices could you address that >> that is of course not true. we have been looking at more important aspects, which is adequacy of supply i think member countries, for example, over the last three months since june have responded in a very good way and have opened the taps and provided a

lot of supply to offset decreases in iran, decreases in venezuela and decreases in mexico markets are quite balanced there is plenty of supply to meet any customer that needs it. >> that was his excellency talking to me. conformity, iran and saudi is on the same page my interpretation speaking to all sides is that is where the cohesion with iran and the kingdom have stopped the iranian minister didn't come here because he was concerned that the jmmc is getting predominance over opec that's very interesting because opec has reinvented itself by bringing the russians back in. it's made itself more relevant by grasping back at more global supply have they done that at the expense of internal traditional opec cohesion. the iranians think yes and the

others think no. this is set to go on one more point for everybody i'm sure i've mentioned this we have another jmmc on the 1t of november at opec. it is no coincidence that that is coming roughly a week after the iranian sanctions come in and just after mid terms as well i think that is going to be an absolutely crucial meeting the good news for you viewers is that hadley and i will be on the ground in abu dhabi. >> we were debating whether opec was finished and whether it had lost its powers as the oil prices dropped now we talk about a fresh, rejuvenated opec the foreign picture is extraordinary because it tells us the demand, according to opec at least, is going to hold up for the next 20 years. even with the electric vehicles, it won't dent the demand for oil in 20 plus years do you think the numbers are accurate and something to think about in terms of holding the stocks >> absolutely they're accurate,

karen. they're pretty much the same numbers. you can put a couple of million barrels off and a couple of millions off you look at all of the people who do the long-term reviews at market say that there's two things going on. great new world on the back of climate change we're all going ev that is one side and we can all bang the drum for that and be fairly grateful, but in the real world hydrocarbons are still greatly in demand because of transportation and because of asia you want to look on a sector basis, we're seeing the world population, it's a no brainer. world population has a seven handle by 2040 it's going to have a nine handle. that isn't going to be sayings she eighted by hybrid and others there will still be a place for them it is growing at a declining pace that's the other thing to look at as well it's not just about pure growth, it's about growth declining pace

and there will be a peak consumption. we've moved into the whole stranded assets and how quickly cole moved onto the black list as well. with oil, that remains to be seen. >> steve, thank you very much. a lot of detail trading around the oil stocks at this point stay tuned for an exclusive interview as well with am amin naaser coming up at 11:00 a.m. c. efre.t. iran has warned the u. sms.r an attack. the shooting on saturday left 25 people dead including 12 members of iran's elite revolutionary guard. tehran has accused the u.s. and israel in playing a role in the attack secretary of state mike pompeo has dismissed the claim. coming your way on the show, we'll speak to the belgian chemical company's eyes are celebrating growth i know that every single time that i suit up,

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(a voby daft punk is heard bettethroughout.) (sound of typing) (sound of exhaling) (sound of drilling) jimmy (shouting): james! brand vo: the world's largest workforce works for themselves. we work for them. quickbooks. backing you. (john foley) i was there in chicago when bob barnett made the first commercial wi (john) we were both working on that first network that would eventually become verizon's. back then, the idea of a nationwide wireless network was completely unreasonable. but think about how important that first call was to our lives. it opened the door to the billions of mobile calls that we've all made in the last 34 years. sometimes being first means being unreasonable.

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comcast takes th support for th4 billion deal. china accuses the u.s. of trade bully i meism. in corporate news, thomas cook shares sink causingu.k. pr may faces a cabinet to save her brexit plan as downing street denies more rumors of a snap election take you to the european market action this morning we've been watching the markets move into the start from the trading day as investors weigh out the cancellation of trade talks between china and the united states. negative tone moving on to these boards as we're trained across the call, the dax, the cac and

the purple markets down a sixteenth of a percent a lot of action in fx. we can show you key trades parts of asia have been closed key markets like japan, china, south korea. some of the asian currency markets have been taking the brunt of the trading picture around some of the dispute you see between the u.s. and china so if we look at some of the core epic trades this morning, you can see on the markets that eur is trying to make. about .10 of a percent higher to the japanese yen the dollar a little bit higher there but you have some strength in sterling. 1.31 is what we move to. brexit conversations and to the swiss the dollar is slightly better this morning. about .10 of a percent in the early trading. the futures, the dow is moving to a fresh peak.

into today the s&p was trading a little bit higher so the markets are now looking negative coming up to the start of the monday session. sterling is trading higher against the dollar after brittain's brexit secretary come to make it raab said he was confident they would get a deal. speaking to talk radio he said the proposal was the only plan on the table this comes ahead of a meeting where theresa may is coming under pressure to scrap her checkers plan. meanwhile, members from the labor party are expected to pass a motion on tuesday which keeps the option of a second brexit vote alive however, the party's leadership says it prefers a second election over a referendum let's get up to willem marx. it's all well and good to say that theresa may's brexit plan is the only credible one on the table. now labor will have a second

vote on brexit where do we go from here what's the most likely outcome at this point? >> reporter: i would never, ever, ever presume to know what the most likely outcome is when it comes to brexit, karen. we've had so many twists and turns over the last 1 months in terms of the checkers proposal, that's what it's called, theresa may's proposal, that encompasses things like northern ireland and the future trade agreement, that was something that was very publicly criticized in solsburg she said last week in a fiery statement that the e.u. would try to offer up a fresh proposal on that. there is a chance she will try to make some tweets that will keep her european counterparts happier than they seemed to be last week. this cabinet meeting is going to be a challenge it seems like some of the british newspapers that a number of her cabinet colleagues are not happy with this so called checkers proposal. they would like to see changes you have a number of ex-cabinet

ministers including boris johnston and david davis talking about a new plan that's being put forth by a think tank not far from where i'm standing in westminster that talks about a canadian style free trade deal as well as looking to find a solution to the thorny problem at the northern irish border by a new treaty between the united kingdom and northern ireland in terms of the labor party, you mentioned that the vote may go ahead on tuesday on a motion to potentially allow a second vote. there's been some dispute this morning amongst senior labor figures about quite what that vote would mean. john mcdonald, the shadow chancellor here, essentially jeremy corbin, the opposition leader's number two, said he would not necessarily feel comfortable with having an open vote on whether the u.k. could stay inside the european union

jeremy corbin speaking to labor supporters yesterday made it very clear that what he wanted to see is a new election take a listen. >> we will challenge this government on whatever deal it brings back on tests, on jobs, on living standards, on environmental protection and protection of those jobs and the ability of an incoming labor government to invest around intervene in an economy to bring about decent wages, jobs and full employment. and if this government can't deliver, then i simply say to theresa may, the best way to settle this is by having a general election >> reporter: we've heard, of course, from even the most ardent pro eu set of mps that they would not like a general election we've heard from number 10 downing street that they're not making plans for a general

election we've heard from the brexit secretary that the idea of a new election is, quote, one for the birds. theresa may will have a difficult conference in the next week. >> willem, thank you very much for setting up the various scenarios for us. moving back to stocks, thomas cook shares have fallen citing a heat wave in northern europe which created a hotter environment. it's set to come in at 280 million pounds compared to 35 milli355 million. they've been hit this morning after this downgrade from thomas cook. solvay is boosting production of electric vehicle batteries. they're eyeing an annual organic target by 6.9% solvay said it will name a new chief executive as it prepares

for the departure of the current ceo. we have the cfo of solvay here now in person in the studio. welcome. good morning nice to see you. >> good morning, karen nice to be here. >> you have a big day ahead. investor day, you're speaking to a number of shareholders it's an opportunity to speak about growth story what's coming through already is advanced chemicals and plastics, both growth opportunities for your company tell us about what you see over the next few years. >> we have a very significant sort of leadership positions in markets. materials you've rightly said. that's about next generation mobility what i mean, there's a revolution in the way people are moving in hb, cars, electric vehicles and even air space. aircraft are getting lighter we're part of that revolution. on the other side of that, we all need resources, oil and gas minerals and we are very well positioned to give improved yields, costs for our producers. that will propel us forward.

>> it's very early days. i notice that you've moved towards expansion keeping df this is an area where you can improve energy storage and batteries. tell us what you expect to do with that part of the business and how much competition you're facing at this stage of the cycle. >> it is competitive but we've got unique technologies and know how. fundamentally what do we do? we have to make batteries safer, more efficient and reduce costs. we need that and fund amountly that's part of the revolution. this is part of what solvay does yes, it is competitive but very few of our competitors have the blend of products, polymer and very advanced materials that solvay has. >> is this a game for niche players or is scale important? >> scale, know how, expertise is very significant we've got those. there is a case for niche

players as well. so inbe cue baiters. fundamentally you need to have an agile, technology focused business technology is very, very tough know how is very critical. >> you've been vocal with us, particularly around trade policy and your cfo counsel and what came through in one of those surveys recently was that 75% of cfos respondents were expecting some level of negative impact on their businesses from u.s. trade policy what are you seeing at this point in time? >> i'm he not seeing anything around bottom line today but completely concurrent with the majority of cfos that we only see down size on the cost. the complexity on the supply chain, very, very difficult. businesses need predictability we don't like uncertainty so trade wars or the threats and the prospect of trade wars is a big one for us it will impact how and when we make investment decisions. >> what do you mean by that? will you pivot away from certain

markets? are you reluctant to invest in china so whether you need to have more product in each different jurisdiction if everybody will have that negative trade policy? >> it's more of a matter of ensuring we have the right positions to meet our customers' needs in different markets it's probably about having more positions geographically spread because it gives uceo position we flagged it up in the introduction to you. as incoming ceo the next few weeks, is it going to be you >> no. no, no, not at all the board has gone through a very deep, extensive process as you'd expect somebody with industrial experience and brings a lot to bring us forward i'm really happy i love what i do and i'm looking forward to working with the team. >> do you need a deal maker? what jumped out in the last 12, 18 months was the amount of

consolidation that happened. even private equity got in it. would a deal maker or somebody with that cv be useful for solvay >> many things could be useful solvay has done more than 50, 5-0 deals. i don't think any deals need to be made to go forward. it's about leveraging from the strong deals we have it's about organic growth. it's about converting it to cash and returns. that's really the main agenda. we're not saying we won't continue to look opportunistically. >> the love the preparation that comes into the fore with these investor days. what's the most challenging question you're expecting from investors today? >> i think the main one's around the cultural aspect. we've done a lot of the hardware, the portfolio ork. the culture is we're really trying to reinvent ourselves, be

much more customer intimate, customer obsessed actually so the cultural aspect of the change that we're embarking on right now is quite tough, it does take time but that's going to be the main feature for solvay. >> thank you very much for joining us in the studio nice to see you. >> zblaung the c fw o of solvay. jay kaizer met with iraq's prime minister to expand the country's power system they've said they could boost the capacity by 50%. it would include smart grids, expanding transition grids and upgrading plans. speaking exclusively to cnbc, they said it will give a better future to the iraqi people. >> fielding capacity, it's a company on the economic side but not for a country which has also stretched in terms of financial

accountability so we provided the concept and said, look, we help you save money, we help you create revenues and be with that you can finance the capex which are being needed for reliable energy that will be the concept now obviously that's the economic side, the leadership side there's also a very human social side there is 37 million people, most of them are very, very young they need a future so we went in and said, look, with all of those war times now that is not in our health care for the poorest so we said no matter whether or not siemens gets the deal, we are going to provide one hospital at the liberated area so we help the poorest after 10,000 patients can be treated in that >> siemens there coming up on "street signs," china says it doesn't want a trade war but is ready to fight

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china has accused the trump administration of, quote, trade bullyism in a white paper this morning. beijing has called off upcoming trade talks. let's go to eunice from beijing on what the chinese side is. when you think back about two weeks ago the united states was upping its language, the rhetoric against china.

u. smpu.s. companies are acs a partner. china was very stern in the message. they issued a 36,000 composition letter the government will talk about it at 10:00 china time half of it is dedicated for what it described as the u.s.'s trade bullyism, brazen unilateralism, attempts to intimidate other countries including china. so a lot of strong words there at the same time, the chinese have given suggestions on ways to improve the relationship. one of them is something that we've been hearing for quite some time, negotiations based on

mutual trust it's clear that the chinese believe that mutual trust has broken down. according to sources over the weekend the chinese side had decided to pull out of plan negotiations in washington for this week between the vice premiere and the u.s. treasury secretary steven mnuchin already on the chinese side people were feeling uncomfortable because the u.s. -- president trump had decided to slap tariffs being imposed today and go ahead with that and last week the u.s. imposed sanctions on china's defense ministry for buying and procuring military equipment from russia. so china was very upset about that so at this stage, karen, it looks as though at least most of the people that i've talked to here think that there is no end in sight and they're worried about what this is all going to mean for consumers, for companies as well as for economies. in fact, fitch just cut the

growth forecast for the country, for china, for next year from 6.3% to 6.1%. >> eunice, we appreciate the perspective. thank you very much. meantime, they're talking about how duties will impact the chinese economy head to cnbc.com on whether china is feeding the effects or whether the growth story is over for the country. the woman who has accused u.s. supreme court nominee brett kavanaugh of sexual assault will appear before a senate hearing on thursday. christine blasey ford will appear before the senate committee to answer her questions about her allegations that kavanaugh groped her, pinned her down and tried to remove her clothing at a party when they were teenagers kavanaugh has denied that. jennifer johnson has the latest. >> judge brett kavanaugh's accuser, christine blasey ford, now agreeing to publicly testify before the senate judiciary

committee thursday ford has accused kavanaugh of sexually assaulting her at a high school party in 1982 delaying his supreme court nomination. >> what in the hell did she have to gain by doing this? at this point she's faced death threats. her family has been moved out of their home. >> reporter: republicans promise a fair hearing but predict kavanaugh will end up on the high court. >> everything i know about judge kavanaugh goes against this allegation i want to listen to dr. ford i feel sorry for her i think she's being used here. >> reporter: but ford's husband, russell ford denies that, telling the washington post was, i've got this terrible secret. what am i going to do with this secret she was like, i can't deal with this if he becomes the nominee, then i'm moving to another country. kavanaugh and his supporters claim the assault never happened. >> i know him to be a very respectful, thoughtful, quiet, prudent person and this just doesn't add up.

>> dr. ford said a third party yas in the room at the time of the alleged attack mark judge the senate judiciary committee will not subpoena him to testify. judge says he has no memory of the alleged incident ford's lawyers are criticizing them for not subpoenaing judge or for not inviting any other witnesses who they say is essential. jennifer johnson, nbc news, washington tiger woods has ended his five-year victory drought. the golfer took home first place at the tour championship in atlanta this weekend finishing 11 under par and two better than his newest challenger. with the last pga title coming back in 2013 woods will also take part in the ryder cup later in france. adam green spoke to keith pelley, ceo of the european tour

and sent this report >> reporter: the ryder cup is really an event like none other. the atmosphere is more like something that you would see at a football match than the more dignified, refined golf event. there's an element of unpredictability of the 2018 edition. for the first time in its history the ryder cup heads to france i sat down with the chief executive of the european tour, keith pelley, to ask him what will make this a uniquely french experience >> i think the atmosphere is going to be electric, but what's going to make it really unique is the fact that the french fans have come out and supported the ryder cup. 43% of the spectators are going to be from france. there's only 37% from scotland at glen eagle so that's a massive statement to say, hey, listen, we're going to support the ryder cup and we're soprou of our country we want to showcase it in every way i think what makes the ryder cup

so special is that this is one of the few times in our sport where our sport becomes tribal, it becomes patriotic you're playing for your continent in europe, you're playing for your country in the united states. and it also makes it a pretty electrifying atmosphere because you have different people wearing different colors and that doesn't happen every single week in our sport. and i know that that first tee of 7,000 people is going to be spectacular. it's going to be electrifying and i can't wait. >> reporter: yes, of course, europe will be hoping to reclaim the trophy from the united states with both sides able to boast multiple major winners in their team the americans of course have 14-time major win 234ner tiger d after he was giving a wild card. 51,000 fans are expected across

the three days with keith pelly clearly feeling this could be one of the greatest golf tournaments ever staged. back to you guys in the studio >> one final look at where sky is trading after comcast emerged victorious in the big battle with rival fox 17 pounds 28 pence the share offer valuing the u.k. media company at $14 billion the owner of this network is now looking to convince shareholders to accept the offer. they have until october 11th to do so. stay tuned for many more coverage of this massive deal today. you can see the share price sky has taken off 8.7% not quite up to the 1728 comcast has bid. they're raising the price target to 1728 p from 1600 p. interesting note out this morning too saying it will be business as usual for sky if comcast does win control of the european paid television

broadcast and this coming weeks ago saying that sky will be focused still on telecoms, broadband and mobile under comcast ownership, but it does raise the interesting conundrum about what happens on winning rights for the champion league, u.k. soccer tv rights. that's come out saying effectively whether they would be willing to bid up as much as they have in the past. so that is one to watch out for down the track as winners like amazon go into the mix. stay tuned with an exclusive interview with jamie dimon 1700 cet that is all for today's show i'm karen "charlie hebdo." "worldwide exchange" is up next.

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it is 5:00 a.m. at cnbc, 12 noon in riyadh saudi aramco says the $12 trillion ipo is a go denying reports it has been scrapped we sat down for a broadcast exclusive with the company's ceo. cnbc's company comcast winning a big bidding war for british broadcaster sky. all of those details coming up. a new round of tough tariffs for china kicking in today we are live from china with the fallout. there's an $18 billion deal in gold to tell you about. a massive new metals giant. and tiger woods winning his first pga tour title in 5