we are about to talk to mark mobius to get his take. that is an exclusive interview. >> uber speed bumps. the mobile app faces yet another challenge today in france. >> yep. >> we will talk to the head of the company in europe. >> gucci top executives will step down as kering looks to revive growth. good morning. you are watching "the pulse." we are here in london. getting somet breaking news out of the international energy agency. cutting global oil demand for the fourth time in five months. despite the fact that the price of oil is going down, demand is not picking up. >> the fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. the story that continues to see nymex crude getting crushed. below $60 a barrel. we are watching a number of confluences coming together here. you've got the opec story, what is happening in the united states, the impact on emerging markets -- it is substantial. let's find out how we should be looking at thi

interestingly, it does not agree with mark mobius. they expect u.s. production to grow apace in 2015 according to the iea report, an increase of -- that's going to be the output from the united states. opec, despite this, supplies will be 200,000 barrels per day. that's how much the agency is increasing its supply projections. basically, to boil it all down, you have the same problem that you have now, that has been driving down oil prices -- you have higher production, particularly from non-opec nations, at the sign -- same time you have demand that is not increasing at a huge pace. that would question whether we will see $80 to $90 per barrel, as mark mobius is predicting. >> so far, traders are reacting how? >> in terms of how we are seeing oil trade this morning, we are not seeing huge moves your opec -- huge moves. opec -- you have to put the longer-term moves in oil in perspective. whether you look at wti or brent, we've seen decreases of more than 40% in oil prices from the highs we saw back in june. as you mention, wti is trading below $60 per

we are about to talk to mark mobius to get his take. an exclusive interview. >> uber speed bumps. the mobile app faces yet another challenge today in france. >> yep. >> we will talk to the head of the company in europe. >> gucci top executives will step down as kering looks to revive growth.

the overall amount. 9:00, you won't what to miss our exclusive interview with franklin templeton mark mobius. stay tuned for the pulse. a 1.1 trilliont dollar spending bill to fund the government through september with the help of jamie dimon last night. the white house supports it and some democrats are howling mad. hans, why his jamie diamond in supporting this bill? as a specialsion itvision for the banks, that would take away a key point of the dodd-frank phil and that it ford provide a carveout banks to continue to trade their riskiest assets with the backstop of the federal reserve and the fdic. democrats cried bloody murder over the provision and said it was unrelated to the overall spending bill. trillion that funds the government through september of next year and there were reports that jamie diamond was calling democrats asking for their votes and there is clear indication that president obama was calling up democrats. the vote itself was pretty bipartisan, the final vote was 219 four and 217 against. if you want to donate to either political party, you now have 10 times the oppor

you listen to mark mobius, he has been investing and he says the market in stocks is just getting started that inspired the chart. check out the benchmark and the shanghai composite. most in the the last month alone. in the last month, the indexed as gained 19% and the chinese central bank cut rates. venezuela cost stock index has risen more. for the year was reached on monday. have a look. my pencil -- my pen is pointing. that was passed 3000 for the first time. the index finished off at 3020. this.s interesting is the index has a jump from a four-year low in 2013. it is still less than half of the average. 122% gain during the bull markets since the 1990's. theou are a believer, market could have further to go. be aware of the volatility of the composite index. it fell 5%. tumble sincegest 2009 and china is stepping up efforts on government debt. the price swings reach to the highest level. do not let that put you off. he says that increased opportunitiesates to buy shares. jonathan gardner said there was a potential for a rally where prices double in 18 months. there are naysayers. the