welcome to "street sign"s. >> here's your headlines from london. chinese stocks posts one of the worst days of the year the csi has the worst day of the year italian bank shares sink and the ftse mib hits its lowest level despite the comments that a eurozone exit is not currently on the agenda.

>> lloyds banking group considers a multi-billion dollar bank tieup sending it into the green on the ftse. and the south african round weakens against a basket of currencies after the finance minister asked the prime minister to fire him well, good morning, everybody. happy monday it is unfortunately a bit of a risk off start to the week chinese equities started at negative footing with the shanghai down more than 4% down 3.7%. this, of course, after a whole week of national holidays there. playing a bit of catchup with the other markets. the picture is pretty negative as far as asian equities are concerned. we do have a holiday in japan today. the theme has been one of risk

off. it's pretty much 80%, 90% in the red, 10 perts perce% in the gren let's get into some of the individual markets here. you can see it is a full picture of red ftse mib is the under performer back below the 20,000 level. some 350 points already today. 1.8% or so i thought this was interesting on a weekly performance, if you look at the performance of italian index, relatively actually the italian index outperforms down 1.8% for the week last week versus about 2.5% for germany and france that is the picture today. this is how things are holding up italy specifically you want to keep an eye out for the meeting in half an hour's time and switching up sectors

we have the expensive real estate up .1% by joining basic resources. a little bit higher as well for north hydro. that's pushing some of those -- some of the names in that basket a little bit higher but on the down side we have oil and gas down 1% also struggling a little bit and technology down .9% as well generally what we seed is the trade sectors continue to be the under performing sectors. >> chinese equities posted one of their worst days of the year after being closed for a week long holiday they had cut the reserves of the bank for the fourth time and it's expected to inject more than $100 billion. pasquel lamaie said the wto should enforce trade practices

more strictly when it comes to china. >> behind this the u.s. are trying to push back on china and donald trump's view is that the u.s. and chinese economy are too much together and they need to be more separated so it's a sort of deglobalization of the u.s. and china which he thinks is necessary in order to contain china's rights this will have trade consequences between u.s. and china. my own expectation is at least these will be disentangled slowly but surely, whereas u.s. and asia, e.u. and asia will remain globalized. so we will have sort of less homogeneous globalization and i think that's the real issue which we have to take care of

short term short term we need to move and reform the wto in a number of areas which notably today do not properly discipline some china trade practices. >> so if we just touch on where china stands in the equation because china wants to be seen as an economy that's fairly equal, open, it's been pushing that agenda, it wants market access, do you think it deserves it at this stage >> i think there is quite the distance between what xi jinping says in davos and the day-to-day reality. the chinese economy needs more opening and in order to open more the chinese economy needs to shrink its state command economy. the size of the part of the chinese economy which is under state control has grown notably

because of the financial crisis in a way it's now sort of between 30 and 40% of the chinese economy this is too much to co-exist peacefully, properly with a world that is ruled whether we like it or not global market capitalism. >> that was former director general pascal lamy. we have an announcement out of sky they've made a statement about the 21st century fox offer the cash offer by fox to acquire the share capital of sky has now lapsed and is no longer capable of acceptance. the sky independent committee continues to recommend that sky shareholders that have not yet done so accept the comcast offer immediately. of course, this is in the run up to that deadline in a couple of weeks' time where the comcast

offer requires the rest of the shareholde shareholders as we found out last week, we know that the fox/comcast deal -- well, the fox part of the equation at least has been resolved and they have decided to sell their 39% stake to comcast. this is a story we are continuing to monitor. comcast is the parent company of cnbc fitch has put pressure on the sovereign rating the ratings agency said easing could lead to further buildup of economic balances and vulnerabilities alongside escalating trade tensions. joining us is arnold dak great to see you. >> great to see you. >> let's talk about today's price in china you would think with the 100 basis points cut the extra liquidity that's being injected

into the banks, that markets would react a little bit more positively inste instead, we're looking at health markets down 3.5, 4% on the day. what are policy makers missing here >> i'm not sure that policy makers are missing a trick or anything today the market has been closed a bit and we've had some quite strong actions and statements from the united states, right you'll remember towards the end of last week we had a quite combative speech from the vice president, mike pence, which i think, you know, basically makes it very clear that this trade tension is really the tip of the iceberg. it's not going away any time soon and so, you know, this tension seems likely to bubble up from time to time what i think the chinese authorities are doing quite rightly is trying to stabilize the economy, stabilize the markets, stabilize the financial system and offset some of these trade tensions and also offset some of the credit tightening that they've been doing in recent months in order to give a

little bit of a boost to growth. >> it looks like they're trying to do too many things at the same time. they're trying to encourage the leveraging and keep trade tensions as they try to shore up the stock market which is heavily in a bear market trying to do too many things at the same time. how do you see this playing out? >> it is a very challenging situation. what they're trying to do with monetary policy is offset. over the period of several quarters they have been tightening credit policy in order to promote deleveraging. this is a trend that's been underway for some time to offset that then on top of that we've had these trade tensions and escalating war of words with the united states. so like i say, i think this will continue i don't think they're really looking as fitch warns that they might to do things that really create a new big round of releveraging there may be some of that.

there is a consistency not to move capital controls. the signal is if you go back to the whole debate about the impossible trinity in 2015, 2016, capital controls remain, the currency is stable china is inserting its authority and independence now having said that, you know, i don't think that -- like i said, i don't think this problem is going to go away. i think we're going to see continued tensions, probably see continued easing and probably see continued divergence between the united states and the u.s. moving along with the fiscal stimulus. >> i thought one of the questio questions, we have more from mr. erred doe juan and we've heard about mr. erdogan's rhetoric, turkey basically faces a double whammy, doesn't it they are reliant to some extent on foreign capital they're certainly reliant on

fuel imports both the dollar and the price of oil has risen in recent months how do they resolve that twin challen challenge, do you think? >> i think you're absolutely right. they're going to have a whole series of issues, already have there's been a mere crisis adjustment in currency there's been a shift in surplus. there may be some significant problems in the banking sector and corporate sector i think the market is going to be concerned in one way or another that the large amount of bank exposure to turkey, it's going to have to be somehow transferred to investors like yourself although most of us i think are probably under weight turkey, they're still concerned. the quote unquote technical position being relatively under weight turkey i'm not sure is that much of a help. it is a beth of a help but it's not going to fully offset all of the challenges coming down the pipeline like you say, you have mixed signals from the government.

some of them are positive. they'll somehow try to sem that they wi -- accept that they'll have a slower growth rate from the president and the president's son-in-law so i think the market will be caught in this tension in turkey for quite some time. >> talking about another country with political challenges here the italian prime minister said the exit from the eurozone is not on the government's agenda he added he hoped the rating agencies will be fair when they review the country's credit profile. they will review the credit rating later this month. let's take a look at how yields are doing today on the comments. another 12 basis points higher, two year not bad up about 21 basis points around 155. it is not a pretty picture for italian markets. italian bond yield after very weak performance last week also banks, take a look at how

some of the key banks are performing this morning. some weakness there. it's down 5% already there's a high correlation in the banking system again, it is another warning, another risk off monday. walk in and you have dm pressure and now italian pressure it's funny because technically in a way italy is not an emerging market economy. it is part of the eurozone is there an increasingly high correlation between what's happening in the marketplace and italian performance, the banking system or yield? >> i guess in a way there's a similarity, as we say, because italy has in effect a credit spread and i think the underlying issue is we have a

eurozone where the euro is still incomplete we have a federal money, federal central bank but precious little else is federal. we have at the same time a political demand for national sovereignty. it would take the euro maybe not in the direction that it needs to go, which is more integration, more fiscal union, more political union so our view of it is that no country really wants to leave the euro no country very likely to leave the euro what's more likely is that these demands for national sovereignty are going to continue and conflict with the euro this third decade of the euro is going to be about diversity and variability in bond spreads. the first decade was all about convergence. >> and the ecb. >> and the ecb, encourage that the second decade was all about divergence all of a sudden people realized they weren't fungible, there was the risk of default and a credit

risk premium. >> so i get your point there, but one other interesting phenomena that occurred last week even though italian yield pulled off, we department see barely any move in spain, portug portugal given what you're saying and you're expecting the next decade to be one of divergence rather than convergence, does that make you negative on others here? >> no. the second -- the last decade has been about diverge zblens right. >> the next decade is going to be about diversity this situation in italy is not going away not just from italy and not from several other countries. that's why i think we're going to see a period when we're going to have lots of differen variable and different behavior in different bond markets not just divergence between the four and the periphery. italy is not going to drag up every country. it's going to depend on the politics, policies, economic performance of the different countries. i think in particular the reason

we're not seeing this contagion, at least not yet, is because the message from spain has not been the message from italy spain has struggled and more or less succeeded in doing a lot of the right things as has ire lapped and to a significant degree portugal. even greece has come back in. >> do you see there's any possibility, you talk about the federal process when it comes to military policy and fiscal spending, do you ever see that being resolved as a contradiction in the eurozone? >> i think we can see some movement and some measures that mitigate the effect. i think it's going to be a very difficult situation or concept to get to a united states of europe, right, where there's full federalization. i think at best we're going to have partial federalization. all of these different unions that are different to help mitigate these problems and risks. they will help

i don't think we're going to have a full european government in the way that we have a u.k. or the u.s. or brazil or india or russia or china, right? we're going to have a series of national sovereign tis elements will stay with us for a very long time. >> always the way in europe. stay with us global market strategist from invesco. now several e.u. officials said they are optimistic about striking a brexit deal with the u.k. jean claude juncker said they hope they can finalize it by november they thought the two sides ev ever -- are likely to reach a deal by december meanwhile, the british chamber of commerce said brexit uncertainty is, quote, starting to bite. the r thethere's weaker sentimet

trying to recruit workers is at the lowest level in 25 years and in today's segment of check it out or check this out, thousands of dogs and their owners, willem, took to the streets of london to demand a second brexit vote the event has become known as a wooferundum. it's meant to hound the government and insist that brittain's decision to leave the e.u. is, quote, barking mad. a senior former advisor tony blaire was among the attendees who hoped to put a leash on the government's position. the painting self-destructed just moments after being sold for over a million pounds. it was a remote control shredder involved in this particular

stunt. the girl with red balloon was essentially shredded moments after the hammer went down after the soth they by's evening sale. prices for the pieces look set to increase. that may have been part of the plan >> may have been part of the plan not suggesting anything there. but if you have any views on the wooferendun, bank signs, get in touch with us on cnbc. also coming up, a first round win in the country's presidential elections we'll look ahead to the crucial runoff vote. stay with us been jimmy's longest.

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e . welcome back to "street signs. south africa's rand has dipped against a basket of currencies after china's minister had asked to be fired. he visited the home of the gutta

brothers, friend of the former scandal leader jacob zuma. he publicly apologized. >> the far right candidate has won the first round of brazil's presidential elections with 46% of the vote. he will face fernando hadaj in a runoff vote later this month he has surged in recent opinion poles. he described himself as an admirer of president trump and promises to deal with the law and order challenges he said that the brazilians have realized the pitfalls of a socialist government. >> translator: the good people of brazil want to rid themselves of socialism they don't want venezuela's regime the people of brazil realize they can't continue on the path of socialism we don't want to be tomorrow what venezuela is today.

>> bolsonaro was stabbed in the stomach last month he a period in a social media video where he described the first round of the, quote, great victory and promised to u night the brazilian people the left wing candidate told supporters at a rally after the vote that he was optimistic about the runoff vote in just a few weeks' time. >> translator: we are victorious, we will form a government and we will start our campaign tomorrow so that we can be victorious in the second round. >> shares and etfs listed in europe are rising. we're still going by the global market strategist at invesco these top two candidates that we've seen, they're neck in neck when it comes to runoff. what can investors focus on in terms of the prospects for brazil's economy when it comes to choices between these two individuals? >> i think that we have a polarized situation, right we have a hard right and

relatively hard left candidate in opposite directions much less socialism, much more radical approach a significant fiscal area on the same we have an excessive intervention in the economy and rigid labor markets. the economy is probably split, polarized like many others in the world. it does seem that the right wing is going to win this time. it's not just bolsonaro, it has movement he's done much better in the general election than had been expected and in addition, the kind of center left has done much worse so i think that's why the market's reacting positively we're quite gratified to see that, right? quite a bit of idiosyncratic behavior we're hopeful and optimistic i think it's still going to be a

hard challenge for brazil even if he wins as we expect in the second round on october 28th what congress is going to have to do is sit down and agree to take away specific, what they call acquired rights specific benefits, social benefits, acquired benefits. >> this is my next point if you look at the fundamentals of brazil, for me it's surprising that the brazilian real has done relatively okay on a three-month basis versus the dollar it's not even down 1 percentage point. this at a time when the government budget deficit is at 8% one of the largest out there 50% goes on togovernment spending, social welfare, pension funds, et cetera there's no real plan to rein in some of that spending. it hasn't really worked out and the economy is beginning to buckle as well yes, maybe we're getting a bit of a respite this morning, the etf up 4 or 5%, but for me the

medium term picture is tightening. >> it is they've had several plans and they've diluted -- they've tried to move this forward and diluted. i think it's justified that bolsonaro will try to move towards this pension reform that's been in the works for several -- many quarters in this effort and actually for many, many years forward it just hasn't happened and as you say, there's a very large budget deficit there's a fiscal budget responsibility that caps the increasing and real spending so what's happening is that social security spending which continues to rise is crowding out all other forms of spending and that's making social security reform much more acceptable than it's ever been the key is to see that, you know, how strong is bolsonaro's victory in the second round and how much like he sort of said in his various speeches, how much

political pressure and support is there to an end to the brazilian form of socialism. we'll have to see. we're hopeful. we'll continue to outperform because the market had been wore tlad we wouldn't get anywhere. >> one of the questions i have is also given the number of politicians outside the presidential race running as candidates who are tied to the operation, dozens and dozens of them, essentially completely brazen about maintaining a public life, is the relationship between business and politics and indeed voters in brazil irreversibly damaged >> i think there is a structural problem of corruption in brazil and many other countries, right? but i suppose the election of bolsonaro and his movement as an outsider even though he's been a politician for many years, this harkening back to the era of the military and all of these very extreme positions, it's a counter reaction, a backlash

against this very cozy relationship between the state and business which, you know, sort of existed on the left and the center left with the psdb around, as you say, all of the people caught up in pt, the worker's party i think the reason for all of this hope is that we have an outsider coming in albeit he's saying a lot of extreme, polarizing, dangerous things, he's sending the right messages as far as the market is concerned about privatization, fiscal reform, about doing away with the socialism that hasn't worked. >> thank you for joining us this morning. appreciate your insight. coming up next, we'll speak to the iea's bureau as they release the latest renewables sy ths. dotawi u g to get motivated... get stronger... get closer. start listening today to the world's largest selection of audiobooks on audible.

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with the reserve requirement cut. italian bank shares sink and the ftse mib hits the lowest level since april of 2017 despite the deputy prime minister comments that a eurozone is not currencyon the agenda. >> lloyds bank group considers a multi-billion dollar breakup with sh roaders. sending it into the green on the ftse. south african rand weakens after reports that the country's finance minister asked the president to fire him. well, it is a bit of a risk off start to the week. we had the chinese equities trade as low as 3.7, 3.8% weaker after coming back from national holiday all of the week last week what we're seeing is a similar

playout this morning in new york we have all of the majors trading in the red. xetra dax down 7.8%. germany weak industrial production numbers as well not helping some of the german names there. the focus is back on italy once again ftse mib is down 400 points now firmly through the 200% level. switching to foreign exchange, and we're actually seeing somewhat of an impact in the euro this morning. it's reacting to some of the weakness in italy and we saw asian equities overnight trading .4% weaker today, 1.1475 is the level there dollar yen a little bit stronger for the yen. japanese markets closed overnight. cable trading on the back down about .6%. it's one of dollar strength today. that is the picture there.

in futures, it looks as though the dow is is opening up weaker the s&p weaker this after a dismal end to the week a weak end to the dow and nasdaq ending down 1.2% there actually some of the weakness can be pointed back to the big move we're seeing in fixed income with the u.s. treasuries at 3.25. very different topic, bioenergy is set to be the main driver of renewables growth in 2023 the iea's latest result will continue to increase the consumption overall. the iea predicts renewable energy will by 2023 account for 40% consumption growth with china driving a lot of that. we're joined by the executive director at the international energy agency.

thank you so much for being with us this morning. appreciate it. i want to ask you about the changes to that energy mix, in particular the idea that bioenergy will fuel a lot of the increases in terms of consumption. is that essentially because of the way that bioenergy is used in certain sectors, whereas, other renewable energy is not? >> thank you what we see is that renewable energies in general moving very strongly in our global energy. solar with bioenergy when we look at the newspapers, the televisions we hear a lot from solar energy and wind they are going very strongly but their main is in electricity generation electricity generation is only 20% of the total of the energy consumption.

on the other hand, modern bioenergy is growing much higher rates in terms of the heat in the industry, homes, also in the transportation sector as bio fuels and when you look at the total renewable energy presumption today, all solar, wind, hydro, bioenergy, bioenergy's 50%, all others 50%. there's a huge potential for bioenergy to grow and to make a contribution to the global energy mix in the next few years to come. >> presumably you talk about the fact that, you know, electricity is a big part of that usage and not so much when it doms heat and transport when we're talking about things like solar and wind of course, it's hard to use the sun or for instance a wind farm to drive a car forward or a truck forward. that's always going to be a challenge presumably is this about dhieng clean energy production being

encouraged by governments to triez to get them into heat more or transport >> definitely. one of the reasons why we see a strong push for renewables in the latest generation is today more than 120 countries give strong financial different type of incentives and support through mandates through solar, pb and wind. but when it comes to heat using at home for industrial purposes, also for transport, the number of countries giving the support, giving the subsidies, incenti s incentives, very, very small compared to 120 countries there. without government support it will be very difficult renewable energies compete in most cases at least for now. >> coming to that point that petro chemicals will be the largest drivers of energy demand

going forward in the future, again talking about petro chemicals particularly, nowadays there's a big push towards being more environmentally conscious, people are looking at recycling and trying to really limit the amount of plastic use that is available in the broader public consumption. is that not going to impact the trajectory of pet tarasenko chemicals demand in the future >> why we focus on bioenergy in our renewable report we are releasing today, it is one of the blind spots of global energy debate there is not much discussion even though it is just consumption today is much higher than solar or wind when it comes to the petrochemical u our report being published last week the same approach then we discussed about the oil

dema demand the focus is solely on cars. cars only posing about 20% of the global oil consumption when we look at the next 10, 15 years the single most important global driver is petro chemicals. petro chemicals is not only producing the tax we get from supermarket, it is the medical devices, it is our phones, it is our clothes, it is our food, it is the solar panels, it is the windmills. so, therefore, there is very strong growth of petro chemicals in the next years to ome of course to measures, to make them sustainable i cannot disclose but we have known forever that the petro chemicals

we will delete single most important driver of oil demand markets for many years to come as such, as such it can be i think not good to look at only cars, transport issues sector and try to understand oil market dynamics today and even more important tomorrow. >> one final question for you, sir. i wanted to ask the international panel climate change has released what can only be described as a pretty devastating report this morning. they talk about a clarion bell in the scientific community when it comes to essentially comb combatting complacency what role do you think bioenergy can play when it comes to trying to resolve what is clearly one of man kind's biggest challenges >> ipcc report is a very important report put together with distinguished scientists and is provided here significant

amount of input. the main message i see but i read in this report is if we are not able to make immediate you turns in our mission tro jekt try, but i am going to announce today in the 2018, this year, we are going to see global emissions increasing once again. 17% increase, 18 increase. on one hand the scientists tell us the urgent decline of the emissions but we are seeing in the real life, in the markets an increase of the emissions in a significant amount so we will get the first nine months of energy data are expected 2018 we see a record high of c o2 emissions globally

and bioenergy can, of course, play a very important role in the future to reduce these emissions but as it stands now, the direction is not towards paris, direction is towards -- away from paris. >> thank you very much for your time the executive director of the international energy agency talking to us from there from across town in london. just to bring you pictures live from rome, italy's prime minister ahead of the league party is live. le pen are talking in italy and talking in particular about the possible biltd of trying to change european structures, european regulations, something that's very close to their euro

skeptic hearts >> that's a meeting of interest. moving on now. brett kavanaugh has been sworn into the supreme court after a narrow party line vote in the u.s. senate this weekend confirmed his appointment. it put an end to a bitter confirmation process senate republicans haled kavanaugh's appointment as a victory and democrats protested. they're using it as a rallying cry. nbc tracie potts joins us. that has been the case the republicans are hailing this as a win on their side what does this mean? what are the implications for mid terms? >> reporter: that's the big question both sides, democrats and republicans, now using this to energize their voters. democrats hoping that the thousands of people who

demonstrated here on their behalf, on their side of this will turn out to vote in november and give them the majority back. there's even talk of possible impeachment although democrats say that goes too far. on the other side you have republicans who say they were a bit lackluster going into these elections but now this has energized their base as well back to you. >> tracie potts for nbc news live in washington. well, north korea could allow international inspectors into the nuclear sites following a visit by u.s. secretary of state, mike pompeo he said it could happen as soon as we get it pompeo and kim jong-un discussed a second summit with u.s. president donald trump

they were close to an agreement. turkish police said they believe a saudi journalist was killed in the saudi consulate in istanbul he visited the consulate to file marriage-related paperwork and has been missing ever since. and a quick note on this day in history today marks the coordinated rate cut in the top central banks they oversaw a rate cut to stop the global market selloff. ledby governor ben bernanke th fed was joined by the ecb, the bank of england and with swedish central banks and china joined as well. it was the beginning of the year central banks have only recently started to exit and added in

september they cut rates for the eighth time. last month the bank said it was on track to end bank rates they hiked in august and agreed to oppose ongoing piping of monetary policy. more from "street signs" after this break every call is different, so the only thing that we can do to make sure that we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we train, the last thing you want in a disaster is to lose communications. without communications, we have nothing-- people get hurt. when disaster strikes, that is when your communication service

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welcome back to "street signs. slow sh road ders and lloyds banking are trying to come together in a new world venture. lloyd banking group told cnbc that negotiations are ongoing with, quote, a view to the two groups working together in the wealth sector. schroders has confirmed the talks but added there is no

certainty that they will, quote, lead to any formal deal. what more can you tell us? >> so what is reportedly in the works here is a three way tieup involving schroders, lloyds and schroders wealth management. lloyds would be contributing a 13 billion pound wealth management into a deal with schroders. this would include the 109 billion pound scottish widow's mandate that has been up for grabs for quite some time now. this would go to schroders under this they're considering selling under 20% of cazanaw capital in terms of share points,

schroders is up. the rationale is that schroders will get access to the massive distribution network you get schroders investment expertise which will contribute to this business >> schroders is also in the middle of a deal with standard life aberdeen. where do they fit into this? >> that's with the $109 billion which hidows life they've been relinquishing this. they've been bidding for the mandate. schroders looks to be the one that's won out. >> thanks for the latest on this story. we'll be keeping an eye on that and how things develop there well, the defending premier league champions manchester city

played an intense goalless draw against liverpool. it would have been a different outcome. we have more details from the game >> yes, willem it was billed as being attack against attack these two sides normally produce goals when they're playing each other, playing everyone else but it was an intense goalless draw. you can't win the title in october but you can certainly lose it. that was kind of evident from what you saw yesterday no drama happened. lunged in on the substitute leyton this was the resulting penalty he left the pitch. quite a long way over the top and -- well, he was looking to make an impact the 60 million pound transfer

from leicester city. there was a bit of a discussion over who should take the penalty, who shouldn't take the penalty. he took responsibility but it went miles and miles over the bar. liverpool and manchester city both unbeaten as are chelsea a three-way tie at the top of the premier league all three are tied at 20 points. for the first time in several years, we may be often to a title race man chester city won it last year mtded pft az would you go nood sbrub nasz gnat braugs awe through hp -- in all competitions, arsenal are doing well everyone was wondering how they would fare after the departure

of venga he's come in and losing the first three games, tough games as they were now they're doing well at home domestically and in europe scoring some very, very good goals. >> fighting spirit, aren't they? >> 5-1 yesterday. >> still early in the season adam, thank you. >> still time. >> still time for arsenal. >> we'll definitely talk more about premier league as the year goes on. thank you for joining us someone else demonstrating fighting spirit is matte matteo savini. he's in a meeting with japan he sads moscovici and juncker are the enemies of europe. this is not the official representation out of france interesting messaging going on there. of course, what we have seen is

a very adverse reaction in italian financial markets today. we have yields moving substantially higher we have two-year yields 30 points higher up to 1.64 ten year, wow, up to 3.60. we just sold off ten basis points in the last 15, 20 minutes or so. it is not a pretty picture at all for italian bonds, italian banks and also for italian equities we will be keeping an eye on this as the week unfolds. quick look at u.s. futures, it is columbus day bond markets are closed. while we do have a slightly weaker picture, opening up about 80 pounds weaker that is it for today's show. i'm an vsa. jonaerce >> i'm willem marks. "worldwide exchange" coming up e. and stay clearer. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks.

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it is 5:00 a.m dhi china stock market reopens it takes a tumble. brazil swinging to the right the nation headed for a second round of voting after the right wing candidate took a commanding lead in this weekend's election. apple, it found no signs that china planted spy chips on to its hardware. hey, what's wrong with ford? the car company announcing a huge round of layoffs. is the new ceo's job already at risk and florida's gulf coast a