so, the first thing i want to do is throw up a picture of 25-year-old jonathan elliott.ake a look here. police say they were called to a home in the 5500 block of walnut street at about 3:00 this morning. when they arrived, the mother of that two-year-old jayden elliott, jayden's mother told officers that jayden's dad broke in, punched jayden's mother several times and then kidnapped the young boy. now, police did announce the boy was safe and being reunited with his mom at about 3:00 this afternoon. police are not saying, though, when, where or how the boy was located, just that they are looking again for jonathan elliott. if you know anything about this case or anything about the circumstances related to this case, you're asked to call police immediately. we'll have the number to southwest detectives on our web site at cbsphilly.com. for now, we're live at southwest detectives, i'm steve patterson, cbs3 "eyewitness news." >> all right, steve, thank you. >>> erika is no longer a tropical storm but it has left a path of death and destruction in the wake. authorities say

jonathan: elliott gotkine, thank you very much. we will break down the energy sector in about 10 minutes time. do not miss that conversation. for now, i want to get back to china. pressure amounting to boost stimulus after data over the weekend showed worse than expected demand, producer prices seeing their steepest decline in nearly six years. nick wadhams joins us now for more. give us some details on what it means for possible stimulus down the road. nick: what we know is that the s.o.e.'s make up a huge share of the economy and the government has talked about consolidating them to make them more efficient. we've just started to hear some rumblings about how that's progressing now. major shipping companies, china shipping and costco, they are looking at a merger. we've heard comments from president xi jinping. analysts have been reporting that he's making more continents -- more comments about s.o.e. reform. the government is looking to consolidate some of these s.o.e. 's to bring more efficiency from them and prove economic gro

it all happened around 3:00 this morning when police say 25 year-old jonathan elliott broke in the home in the 5500 block of walnut street. he punched the the boy's mother several times and took off with two year-old jayden. jayden was found unharmed but elliott is still on the loose tonight. >>> camden police are looking for these two men caught on camera leaving scene of the homicide last evening. it happened at north gate apartments just before 11:30. investigators say 19 year-old jonathan simmons was found behind the building. two men were captured on surveillance cameras as they went through drpa tunnel beneath ben franklin bridge. if you have any information, police want to hear from you. >>> authority are investigating a crash that left a bicyclist seriously injured in center city. it happened this morning on the ben franklin parkway and with the increase in cyclist on city streets these days, many say aggressive drivers are becoming a big problem. "action news" reporter trish hartman is live along the parkway tonight with that story, hi there, trish. >> reporter: hi there rick.

jonathan: elliott kotkin, thank you very much. stay with "on the move." leadership contest begins. be back after this short break. ♪ jonathan: good morning and welcome back to bloomberg tv. the hour.minutes past let's get you up to speed. greek lawmakers have approved legislation required to unlock about 85 billion euros of aid. the action paves the way for eurozone finance investors to come to a political agreement. finance ministers are meeting today in brussels. it is gdp day in europe. germany and france missed economist forecasts. french growth was completely stagnant. eurozone gdp just an hour later. five banks have reached a settlement with u.s. investors over claims they conspired to rig global currency markets. settlement now brings the total currency rigging accord to more than $2 billion across nine firms. ballot papers are being mailed out to supporters of the you k's labour party today for a leadership contest that will determine the future of the party and help shape the outcome of the 2020 general elections. >> i think labor has to have an

jonathan: thank you. final thoughts from ashok shah. asked elliottaid, what shapes of the deal of the process and talks over the last few months with the ecb deadline and august 20 deadline? ok, is it what keeping the agreement together? , does it fallaid apart after that? ashok shah: it will remain a crisis for a few years. the most important thing to bear in mind is what the imf has been saying. termsd some mechanism in of the debt. from the point of view, very keen to measure. so coherentthere's and scrutiny in terms of what we agree. every time something is agreed, it falls apart a few months later. no reason to expect anything different for jonathan: we know is a on terms and talk their details to be ironed out. details tend to matter with greece is concerned. one of the major details as the imf. where are we with that story? can gr get the money without imfeece -- greece without the imf? to thatah: we will come question again and again. imf really coming to the party. one of the things that needs to create a long-term, viable solution is debt r

jonathan: thank you very much. we can feel the pain in european equities. let's get over to elliott from the emerging market. yuantt: the impact of the depreciation rippling through emerging markets in terms of currencies and stocks. in three ways they are being usected, it has been telling that the chinese are less likely to consume those imports. if you are exporting on the world stage, you also find that chinese exports are now more competitive because they are cheaper. with commodities to boot, that is a triple miami/ some cap -- triple whammy. the biggestralia as and south korea, taiwan, new zealand, all of these countries taking a hit. all caps china among their top trading partners. we will see how it will affect those, but it is some in the maybe they can do without. perhaps that will reduce the amount that they will be importing from many of those countries. we have some intraday moves on the currencies. the dollar strengthening against the yuan. the mexican peso down as well. it is having an impact across the board. jonathan: let's bring in some of the bloomberg team. they've been following this st