stateside, the dow is called to open lower after suffering it's worst month since 2010. >> wti and brent back on the slide after the best three-day winning streak in the quarter of a century. this as citi and morgan stanley are not convinced by the rally. >> and shares fall amid speculation the head of the china europe is being detained as part of a wider probe into beijing as part of the market volatility. >>> welcome to the show. we have got euro zone august manufacturing pmi data coming in at 52.3. the forecast was 52.4. the july region also 52.4 so fractionally below estimates. euros rally strongly throughout today's session. that's not off the back of the pmi data. it's off the back of bearish sentiment leading people to think a possibility in the delay of a rate hike. let's recap the other data we had earlier. italian pmi was 53.8. that was a slight miss. french pmi was 48.3. german pmi was 53.3. a very slight beat. all of that summed together with european pmi 52.3. >> europe now at 113 against the u.s. dollar. we'll have to keep an eye on the currency which in august gained about

we would talk about the stateside struggles we come back.e will talk about the stateside struggles, when we come back. ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. guy: it is 6:30 in london, here are the stories you need to know this morning. the stock markets are on track for the worst quarters in 2011. the all country world infects is index all country world is down 11%. sunkhe shanghai composite 29%, the worst performance of any major index this quarter. glencore has rallied as much as 80% in hong kong trading this morning, getting back to a 7% jump in london yesterday. the company said they cannot withstand current conditions, and they will meet with that investors today. output industrial ultimately fell for the second straight month. this is concerning, the couyntry might have dropped into recession s

dominic, a pleasure to have you here stateside. when you look at the market, what is your take? right thingid the by not raising the rates, but there are a lot of problems out there. they recognize them. they have not fully recognize them. they can fully get things right, i think. two big issues, global liquidity, drying up, and china is part of that. inflation is too low for normalization of rates. joe: this chart shows the orange line is a measure of liquidity, and the purple line is the five year breakeven measure that is been going down dramatically. the five-year breakeven measure that has been going down dramatically. >> global liquidity is shrinking because the fed has finished qe. a lot of other central banks, like china, now having to sell their reserves. people are not so surprised that they did not hike. people seem blindsided by the language the fed used. where you surprised by that? the extent to which they continue to sound as dovish, did that sound as a surprise to you? it right,f people got and a lot of people got it wrong. let's not forget that. they are trying

state t stateside it's called to open lower after suffering the worst month since 2010. >> negative sentiment being felt in commodities. wti and brent back on the slide after the best three day winning streak in a quarter of a century. >> the original copy. apple is talking to hollywood executives about creating it's own shows in a bid to compete with netflix. this after announcing a tie up with cisco. >>> now it was the worst month for the s&p since may of 2012. the dow since may 2010 and the biggest gain for the volatility index back to 1990 and as you can see that volatility may continue into september. we're now looking at the dow jones industrial in premarket trade down nearly 400 points. a big move. the s&p 500 down about 49 and the nasdaq down about 113. this as oil prices continue to move lower after that big rally that we saw over the past three trading sessions. want to point your attention to what's happening here in europe in the month of august. european stocks suffering the biggest loss since august 2010 and here in september we're starting the month off on a down note. we're lo

this year, 2015, is not shaping up to be a good year for stock markets stateside. european stocks ended the day higher with the cac 40 up 2.6%, similar figure for the ftse 100 in london. european shares had a bad third-quarter. the dax in frankfurt lost nearly 12% between the months of july and september. we are seeing these fears of slower global growth creeping in and they have done so in the months or so.f let's bring you up-to-date on a few other stock market stories. shares of ralph lauren are winning following the news that ralph lauren himself is stepping down as ceo of the company that bears his name. he must stay on -- he will stay on at the company. his successor has been running gap's old navy brand. investors hope you will help boost the brand ashok he will help -- investors hope he will help boost the brand. results from the probe are expected at the end of november or december. eu trade ministers will hold their first discussions on the volkswagen scandal on thur sday. twitter shares are higher following reports that jack dorsey is about to be named t

. >> how many people here stateside have come to the help of mega bots including these guys, ho and hao, experts in the world's track vehicles. these guys are going to be helping make team usa's bot more stable, quicker and erg. >> i cannot wait to see what this looks like. >> the battle of the century. >> the guys at mega bots have noticed our enthusiasm for team usa. in fact, guys, i have a little package here from the guys at mega bots. there is a kickstarter which is still going on, approaching $500,000, under two weeks left. we have laptop stickers. if you were to donate $10 to the mega bot you'd get your own laptop sticker as well. if you donate $50 to them, you also get a mega bot team t-shirt. they have sent to me with a challenge that if i could wear it every day for two weeks, which i'm going to try and do on the show, i will then be able to receive an invite to the vip preview party next year when they unveil the robot. >> that is so cool you get to go to this thing. >> i'm taking that challenge and i'm going to try to get this shirt on the show for two straight weeks, keep o

. >> let's turn stateside here, kim davis, the county clerk in kentucky who spent five nights in jailor refusing to issue same-sex marriage licenses will return to work this morning. what she will do when she gets there remains in question. lawyers for the 49-year-old clerk filed a motion friday asking she be allowed to continue banning marriage licenses for her entire office until the lawsuit against her is settled. most of her deputy clerks issued licenses during her absences and some vowed to continue to do so even after she returns. >>> still ahead on "way too early." highlights from week one of the nfl including the big injury from last night's game that will keep one all pro receiver out for at least a month. >>> plus -- >> it came so quick, it was just utter chaos trying to get out of there. >> we lost everything. we got just our truck and my family and that's it. >> one person killed, and entire blocks of homes devoured by fast-moving wildfire in california. bill karins is here to tell us if the weather will give firefighters an upper hand. can a business have a mind? a subcon

. >> this is our 50th overseas military appreciation tour, but we've done many, many more stateside, we're very proud of the fact that we partner with armed forces entertainment and navy entertainment to go overseas and bring a little piece of home 50 times. the ladies volunteer their time when they're over there. this is a huge platform for us. we believe strongly in it. many of the girls are married to military men. we also are daughters of military people as well, so it's a huge platform for us and we're so excited to have done it 50 times overseas. >> that's great. the redskins cheerleaders leave for bosnia next sunday for 19 days and will make a goodwill visit to armed forces serving in southwest asia. >>> it looks like singer chris brown won't be touring in australia any time soon. brown had hoped to perform a down under tour in australia, but the government there sent a formal warning to the 26-year- old r and b singer saying he'll likely be denied a visa because of his criminal conviction for assaulting pop star rihanna. britain, canada and new zealand have also refused to gi

and it don't forget the indian prime minister is also making deals stateside. previewing his trip to silicon valley. ♪ yvonne: the chinese president has made tech one of the themes of his visit. his visit by meeting with mark zuckerberg and bill gates. he is interested in developing a high level dialogue mechanism on cyber security. the indian prime minister modi will pay a visit to silicon valley this weekend. can he create the same kind of buzz? joining us as a guest. thank you for having us on this show. you talk about india. in siliconders valley. that has mushroomed and exploded. how come we have not seen that back home? why not? guest: we have been investing their 10 years. we have seen the market slowly move. the challenge is enabling infrastructure. these skills have not existed yet. as a market has not had the base. now if you look at it, you saw a smaller user base. today, we have the second largest. they are the second child in the ecosystem. we have been watching what happens in the u.s. and china. now, as we understood those markets, we have the ch

this earthquake praz prompted a tsunami watch stateside in hawaii actually.is is a live picture from kauai. this is a popular resort in kauai. if the waves reach huh wiey, it should hit in the overnight hours. >> we want to bring you back to jessica live at calistoga at an evacuation center. it's soaking the evacuees, the hundreds who are there. >> yeah, the immediate concern now for all these evacuees is trying to create some sort of dry shelter. they have their tents underneath and they're taking the tarps and trying to create a dry area. the longer term plan is to try to get them out of the fairgrounds. county officials are meeting with cal fire and state officials to see about moving these evacuees within the next three to seven days to a more semipermanent position like maybe some hotels in lake county. for that, they need to move some of the first responders that are in the hotels out to be able to start to move these families in. so a lot of work is ahead for both county officials and the folks here trying to get some permanent housing and then trying

no action stateside today. friday that was probably a little inconclusive. on therkets closing downside. not as much as the european markets did but nevertheless lowered. the payroll data was weaker but was it really conclusive enough to drive us either way when it comes to making a decision on what the fed will do. i think that was a markets conclusion as well. we ended up softer but there was not enough action around the payroll number. it did not change the argument very much part let's talk about what is happening over in asia. ist we have seen over there the chinese market is reopening. the pboc stating clearly that the worst is over. the question is, is the worst over? that is our twitter question of the day. if the chinese turmoil nearly over. i want to look at this chart. we talk a lot about charts here at bloomberg. here is when you want to pay attention to. we often refer to this. this is the 50 day moving average. the orange line crossing the 200 day moving average. have made life quite difficult for the pboc's expectations that the worst is nearl

bp, sand rich and energy are a few that announced stateside cuts in august.hillips eliminated another 1,800 jobs. with u.s. crude prices back down 20% in about three months and the u.s. oil rig count down by 13 this week, many expect more cuts to come. not just in energy. we are now seeing this affect other industries, as well. last month's manufacturing shed 17,000 jobs in a big chunk of that 7,000 came in fabricated metal, which has been impacted by a steep drop in demand for drilling products. also keep in mind, many workers in the oil patch that still do have jobs has had their wages slashed. swiss worldwide resources has seen on average a 15% decline in day rates for contractors. >> morgan, good paying jobs, we'll keep a close eye on it. thank you. >> the unemployment rate did fall 5.1% in august as we added 173,000 jobs last month. laura, what significance is 5.1%? didn't the labor force precipitation drop last month? >> 5.1% is significant because it actually fell inside the fed's estimate of where the unemployment rate could be around full capacity. t

to beg to keep stateside and went to a group of journalists and ask them to have the editorial boards to restore all his virtues as a chief of staff i know rose above reason newspaper and he may listen to them. it worked. and if this crushes them dishpans personally as everybody thought it did marshall never let our not even to his wife. he kept his personal feelings out of it and as a good sport wrote out a message for the president's signature to stall and announcing the immediate appointment of eisenhower to lead the invasion of europe. that is how eisenhower went into the history books as a liberator of europe and then president of united states. in it to keep the british the course of the vince natcher leveraged from normandy beach to germany. just to keep the blade from going deeper into the pacific japan had most of the western pacific than they thought the best way to roll back japan was to have a good offense rather than restrict defense. he wanted to start rolling back the japanese empire in the eastern solomon islands. so on the neighboring island of guadalcanal that is how

dempsey's presence on numerous trips to visit our stateside bases and overseas deployment areas servedeflected her total devotion to the values we cherish within the military community. the distinctive accomplishes reflect great credit upon herself, the joint staff and department of defense and our nation. [ applause ] the department of the army certificate of appreciation is also being presented to mrs. deenie dempsey on the occasion of the retirement of your spouse from the united states army. you have earned grateful appreciation for your unselfish, faithful and devoted service. your unfailing support and understanding helped make possible your spouse's lasting contribution to the nation. >> honor guard, attention. >> ladies and gentlemen, please stand for the posting of the colors. ♪ ♪ ♪ ♪ ♪ >> ladies and gentlemen, please be seated. ladies and gentlemen, secretary carter. >> pause a moment, all of us. pause, behold this sight in front of you. so magnificent, so proud. they out on that field represent the millions of men and women who make america's military the finest fighting for

today, labor day holiday, stateside.ut european markets are trading, as you can see, they're trading up, up about 0.5% on continental europe. this follows a weak week here. down about 2.5% and they're bouncing back on european trade. let's look at glencore which is trading sharply higher after announcing plans to scrap its dividends and sell assets to pay down the debt. merrill lynch upgraded it. shares down before the news making it the ftse 100's worst performing stock. it's now 4.6%. it had been up as much as 10%. still down significantly year to date, down 56.9%. >>> let's look at asian markets, as i said, a soft session in general. we've had revisions in chinese gdp growth. the shanghai market down 2.5%. also the hong kong morning. the nikkei is the performance at 0.4%. china, the greatest amount on record in august, shrinking by $93 billion. chinese authorities have used some of these to stabilize the yuan after, of course, devaluing the currency in the past month. we're looking at the yuan, that's a sharp move whe

can't wait for him to get stateside. >>> celebrity chef sandra lee shares her story sitting down to talk about the cancer diagnosis that rocked her world. >> a 12-year-old boy in the hospital after surviving a shark attack. are you new to medicare? thinking about retiring? do you have the coverage you need? with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a low monthly premium, or in some areas no plan premium at all. unitedhealthcare doesn't stop there. you'll have $0 copays for preventive services... like an annual physical and most immunizations. other benefits can include routine vision and hearing coverage and the pharmacy saver program gives you access to prescriptions as low as $1.50... at thousands of pharmacies across the country, in retail locations like these. to help gi

the last pope, benedict xvi, made one trip stateside.s in 2008. >>> before he was pope, he was a cardinal in argentina. going through a very dark period in his life. for more on that story and much more on the pope's past, head to cnn.com. >>> republicans and democrats are slamming donald trump for failing to correct a supporter what called the president a muslim. this isn't the first time trump has fueled conspiracies about barack obama. watch what he said to nbc four years ago about sending investigators to find out if mr. obama really was born in hawaii. >> i have people that actually have been studying it and cannot believe what they're finding. >> you have people now down there searching -- in hawaii? >> absolutely. they cannot believe what they're finding. >> to this day, there's never been evidence any trump investigators were in hawaii, let alone evidence they might have found anything. cnn's gary tuchman went there in 2011 to investigate the controversial theories. this is what he found out -- >> reporter: the "honolulu star bul

it's just -- when i flew into newark airport, first time hitting stateside there was about 2 or 300 police officers there. it was like the most touching experience, probably the appreciation and how grateful everybody has been. how nice the french were to us. i mean, we -- i mean, everybody has been treating us amazing. >> everybody says my family rides that train all the time. i've been on the train all the time. it's a popular route, from paris to amsterdam. it's kind of humbling. i'm not in the military. so when tons of high-ranking people come you wiup to congrat me, and a lifetime of combat, that is very humbling for me. >> how about you spencer? >> for me, it's the same. i had this moment where this little girl was asking me like if i could fly and things like that. and that literally made me melt. and i'm like oh, my god, i'm these kids' heroes, just appreciation from everybody, people on the train, what do they have to be appreciating us for, but it's true. >> was it true your nickname was captain america before this? >> i don't like to -- but yes, it is. >> way to live up to your

1943 and with world war ii rage, he joined the army was assigned to a segregated unit that remained stateside mainly in the south. stokes recalled a layover his unit once had in memphis where a group of german prisoners of war in a train station restaurant retreated -- were treated better than the black soldiers. louis stokes embody sod many memories and so much progress that he helped not just cleveland, not just ohio, but our country and people everywhere to persevere no matter what the odds. i shall miss him. what a gifted leader has live aid among us and i know all of the people of ohio join me as do our colleagues in saying may the angel carsry him a deserved peaceful rest, close to the heart of god. there are other members that wish to speak this evening and i just feel very honored to be here. i can still see lou in the cloakroom in the back with his good friend bill clay and some of the guys, we weren't always included as women in those conversations, but he was also cordial he stood halfway turned to say hello to those members going by he had a special gracious manner about him. i wo

it has been when i flew into newark airport stateside there was 2 or 300 police officer there is.ching experience ever. probably the appreciation of how grateful everybody has been how nice the french were to us. everybody has been treating us amazingly. >> my family rides that train all of the time or i have been on that train. it's a popular route. it was kind of humbling. i am not in the military so when tons of high ranking military are coming up to me and are congratulatory to me and lifetime of combat that's humble to me. >> how about you? >> pretty much the same. i had a moment where a little girl was asking me if i could fly and things like that. that made me melt. i was like oh my gosh i am these kids' heros right now. just the appreciation from everybody. people on tnot on the train wha they have to be appreciative of but they are. >> was your nickname captain america prior to this? >> yeah. yeah. i don't like to -- yeah. >> way to live up to your nickname. >> thank you. >> what was it like talking to your parents for the first time? >> i didn't get a hold of my parents

. >> stateside, the dow swings nearly 300 points during the session while the dollar falls to three weeks futures are indicating a higher open. >> greece's leading parties are neck and neck ahead of this weekend's elections in a vote that could throw the implementation of the bailout into doubt. >> japanese stocks close in the red despite optimism for the bank of japan. policy makers say growth is returning but they will keep a watchful eye on china. >> so it is the day after the fomc fed decision. let's check in on european markets and how benchmarks are performing on this final day of trading week. losses across the board. quite a pronounced sell off taking place in germany and france and the ftse mib telling us we're lower so far. gold ending the day over in the u.s. at levels not seen since the beginning of this month after janet yellen and co held off on tightening. gold stocks across europe get a boost after the fed's inaction last night. investors taking profit on the precious medals this morning after it jumped more than 1% following their decision to hold steady. >> let's look a

. >>> back stateside now.chool supplies. 7 on your side's mikey finney has partnered with consumer reports to find how college students can get significant savings. >> college students need electronics and clothes and a way to get to school. banana republic and j crew stores it's a matter of flashing a student id card to get a 15% discount. at apple a student id or acceptance letter will get you $200 off your purchase, either in the store or online. but for a lot of other merchants there have been a hitch. >> for quite a few of the on line discounts you have to join a student discount program, one one found was free. >> the free service gives you discounts on online purchases at clair's, urban outfitters, levis and many other sites. students can also get 10% off on amtrak, on tickets purchased online for 20% on greyhound tickets purchased either online or in person. but you need to pay to join the student advantage discount program that offers those programs. >> it costs $22.50 for the first year but you might

he says those companies will be given a chance to bring it all back stateside with a one-time 10% tax that he says could raise more than $2 trillion, gretchen. >> so who helped trump come up with this plan? do you know? >> he says that he had help from leading scholars and tax experts. he did not name them. but trump says his own business record background, everything that he talks about all the time, is also going to be critical to this plan's success. gretchen? >> very interesting. peter doocy, thank you. >>> so we have a shake-up in our own chris steyer walt's 2016 power index with a new goper on top. so who is it? >>> plus, america is still in the dark over whether vp joe biden will make a run for the white house. but we have new details about when he will be allowed to get into the first democratic debate. how long can he wait? >>> plus, stores across the country moving from swiping your credit card to boost your personal security. what you'll now have to do to complete your purchase. stick around for that. like we hf sea monster in the water hazard here. i believe that's a "krak

it's just -- when i flew into newark airport, first time hitting stateside there was about 2 or 300 polices there. it was like the most touching experience, probably the appreciation and how grateful everybody has been. how nice the french were to us. i mean, we -- i mean, everybody has been treating us amazing. >> everybody says my family rides that train all the time. i've been on the train all the time. it's a popular route, from paris to amsterdam. it's kind of humbling. i'm not in the military. so when tons of high-ranking people come you wiup to congrat me, and a lifetime of combat, that is very humbling for me. >> how about you spencer? >> for me, it's the same. i had this moment where this little girl was asking me like if i could fly and things like that. and that literally made me melt. and i'm like oh, my god, i'm these kids' heroes, just appreciation from everybody, people on the train, what do they have to be appreciating us for, but it's true. >> was it true your nickname was captain america before this? >> i don't like to -- but yes, it is. >> way to live up to your nickname

back stateside with reverberations around the world an upset in tennis. serena williams nearing the first grand slam in more than a quarter century when the italian took that away from her yesterday. kristen dahlgren is at the scene in queens where it happened. so she was so close. i wonder if the it's easier for her to have lost in the semis than the finals. i don't know. >> i don't think any of it would have been easy. wasn't easy for fans. i can't describe how speechless and slap jawed they were after watching that match. all of the experts that i had been talking to, there was no scenario serena would have lost that match. people with roberta vinci said she didn't think she stood a chance and stunned everybody including herself. >> she's got it! extraordinary upset. >> serena williams, the end of a year-long quest. >> is italy's roberta vinci ends the run. >> i don't want to talk about how disappointing it is for me. >> reporter: two matches from the rare calendar grand slam, winning four majors in the same year, what seemed inevitable to the world nu

. >> when i flew into newark airport stateside there was 200 to 300 police officers there that was thee ever. >> i had this moment where this little girl was asking me if i could fly and things like that. that literally made me melt. i was like oh my gosh. i'm these kids' heros right now. >> wow, sacramento officials also giving the heroes a key to the city. all right. rookie slugger homered on the first two pitchers he saw last night against the phillies eflt may need help running the bases. do you want to take this for the team? >> he hit a monster shot without realizing the ball hadn't gone out. he begins running, while runding first he completely eats it. giving everyone a laugh. the cubs end up sweeping the phillies in yesterday's double header. >> when your uniform is dirty, you look like you have been working hard. >> yes, you do. >> you got grass sustains all over the place. what were you doing. >> go to weather h.q. where rick reichmuth is standing by. >> in the camping site. wish we could be doing that be talking about it all morning. fall conditions robert way. take a look a

dempsey's presence on numerous trips to visit our stateside bases and overseas deployment areas served reflected her total devotion to the values we cherish within the military community. the distinctive accomplishes reflect great credit upon herself, the joint staff and department of defense and our nation. [ applause ] the department of the army certificate of appreciation is also being presented to mrs. deanie dempsey on the occasion of the retirement of your spouse from the united states army. you have earned grateful appreciation for your unselfish, faithful and devoted service. your unfailing support and understanding helped make possible your spouse's lasting contribution to the nation. [ applause ] >> honor guard, attention. >> ladies and gentlemen, please stand for the posting of the colors. ♪ ♪ ♪ ♪ ♪ >> ladies and gentlemen, please be seated. >> ceremonial, at ease. ladies and gentlemen, secretary carter. >> pause a moment, all of us. pause, behold this sight in front of you. so magnificent, so proud. they out on that field represent the millions of men and women who make ame

stateside?ed julie has the details. julie: u.s. stocks were relatively unchanged until the fed came out and said there would be no increase in interest rates. we saw quitehe -- a bit of volatility. 193dow rising as much as points and then falling as much as 100. the nasdaq finishing higher. investors trying to figure out what all of this means and trying to parse through the janet yellen press conference. stocks climbed to the highs of the day as she gave her prepared statement and then fell as she answered questions, including saying a rate increase is on the table for october. we saw those gyrations across asset classes. the two-year note was also an injured team trade. calling the most in six months. before the beginning statement coming out. we saw the 10 year yield falling, in this case down the most sense june. no change in the interest rates at this meeting. we saw them meeting and other assets. the dollar index falling the most since the august market meltdown. finally, one of the assets that is benefiting, gold prices rall

interesting to hear the dealers stateside actually writing a letter on behalf of or in support of theead of the w in north america. you would think they would want him out. actually, they say the new boss in north america that came to office in january of last year has helped turn vw around in the u.s. market and it could be very catastrophic for the u.s. market if vw was to get rid of him. after they wrote that letter last night, we learned that vw intends to get rid of their north american too. he's one of the three top executives we expect to go. the relationship is critical. in many countries, dealers are the only way that a manufacturer can sell its cars. they have to sell their cars through the dealer. in europe, they can sell in some cases directly. all the same, dealerships are enormously important. they need the dealerships to be happy. they also need them to be profitable. otherwise, they're going to turn their backs on volkswagen. francine: this will have global impact. what do we know about vw sales overall? question.'s the big so far this year, looks like and has sold jus

while parish's hope his stateside tour brings a new loyalty to the catholic institution, entrepreneursdesigned for the holy father's visit when he goes to washington. >> reporter: he runs the st. jude shop outside philadelphia. how long has your family been doing this? >> ironically this is our 50th year. we keep joking we think the holy father is coming to celebrate our 50th year. >> reporter: he's selling devotional swag both in his store and online. are the catholic faithful customers for these kind of souvenirs? >> most definitely. >> reporter: what do you imagine will be your big sellers? >> the rosaries the different medals commemorative coins of him and his visit. >> reporter: his religious followers are hardly his only fans. a quick search on etsy turns up over 800 unique items, including a button that reads, pope francis is my homeboy. >> this is our own little special way of showing our honor. >> reporter: he recently turned his alpharetta georgia, bobblehead company into a pope head factory. >> since the pope's visit has been announced, weaver been ordering 10,000 at a time.

sale stateside were diesel vehicles. this will be a massive challenge and a big pr headache.hey will have to deal with the cost side and legal side as well. guy: you spoke with them at the frankfurt auto show. are any hints from any of them, the people that you spoke to, that this was about to happen? hans: none. either he did not know, or winterkorn is a cool customer. we'll wait and had not been fast enough to engage in the electric vehicle space. and you, they did not have a big enough footprint in the states. frankfurttalk in about electric vehicles. porsche unveiled the concept car, entirely electric. nothing directly or even bleakley, poke with legal hurdles in the states. are raising up to $18 billion in fines. that is three $7,000 per vehicle. this is a big issue for volkswagen. guy: thank you very much indeed. now, coming up, drumming up business, george osborne is in china. more on that, when it return. ♪ guy: it is 6:30 in london and 7:30 in brussels. here are the stories you need to know. the press is back in power. sipris is back in power. withll enter a coalitio

and in the stateside fund of the program, you could take dollars that were dedicated to the -- to the state programs -- these would be federal dollars -- and match them at the state and local level and create a park. and so if you go today in most of your communities and drive around and you see a beautiful park, you go and look at the plaque and most of the time that plaque will say, done in cooperation with the land and water conservation fund. and what local people have told me many times over and over again in their planning that they do to try and create a new park. they have an area that's growing. they have a housing development that's gone in. and they say, how do we get the money? well, if they know that there's going to be a federal match and they're able to get some federal money, they can do the planning, they can go to their local taxpayers, raise some funds and then pool the money together and get a city park or a state park, that kind of thing. we also, as everybody knows well, the land and water conservation fund has funded federal purchases of land, from our national

like it's just been -- like when i flew into newark airport, first time getting stateside there was about 200 or 300 police officers there. and that was like the most touching experience ever -- yeah, just probably the appreciation and how grateful everyone's been, how nice the french were to us. i mean, we've -- everybody's been treating us amazing. >> like say my family rides that train all the time, or i've been on that train tons of times, that's a popular route paris to amsterdam. so it's just like kind of humbli humbling, especially when i'm not in the military so when tons of high ranking military people come up to me and are congratulate me and lifetime of combat or whatever that's real humbling for me. >> how about you, spencer? >> pretty much the same. i had a moment where this little girl was asking me like if i could fly and things like that. and i was like literally made me melt. and i'm like, oh, my gosh, i'm these kids' heroes right now. it's insane. just the appreciation from everybody. people not even on the train what do they have to be appreciative about? but they still

of the state of illinois, national guards attempt to establish the rules for flying shadow uav is stateside. we had to comply with keeping the aircraft insight at all time rose under the aerospace flying over restricted airspace only as well. the military has to come ever going to be flying those uavs, actually fall the uav in the air with another aircraft and don't think that is something the commercial entities are willing to do at this point. i could be wrong. i do want to talk about the safety issue and i think direct most of my comments from my questions to mr. whitaker with the faa. i was flying my aircraft over the eastern shore in the naval airspace area in contact with air traffic control the entire time. and i had an aircraft, a model aircraft buzzed through the airspace 10 feet off the nose of the aircraft about 10 feet away in front and i was like that 2500 feet. but this can happen with recreational model aircraft usage. i have real concerns about uavs after flying around. i understand if commercial operations. this is something, trying to make a more regulated and i would expe

tobacco companies post strong earnings growth even as smoking popularity declines stateside, they alsopped paying out tobacco poe proe dufrs this year, plus these stocks pay out sizable and steady dividends, they are the reason they are considered a defensible place to park cash. take altria, it pays out a 4% dividend, analysts consensus on fact set, overweight, stock could pop 10% over the next 12 months. a similar story for reynolds american as well, it could rise 9%. reynolds touts a 3% dividend it also recently acquired lauralal. goldman sachs says it's still a buy. another name to consider phillip morris, now, that's the international counterpart of altria. analysts think there's 3% price upsell because plus it has a 5% dividend. maybe not good for your health but tobacco might be good for your portfolio. >>> for began doing the dirty work thank you very much. morgan brennan. >> lighting it up. >>> 12 minutes to go, 245 points higher on the dow. even as we've said interest rates are moving higher, oil creeping a little higher today, s&p up 26, nasdaq 58. >>> the financials have be

in a very ambitious plans stateside and was starting to get traction.hat's absolutely right. the u.s. is the world's second-biggest car market. yet to get the u.s. right if you want to be as successful or ambitious as volkswagen is. we some of the audi, a big scandal in the late 80's. it was effectively withdrawn from u.s. market and they were just going to have success again with the audi brand. now we have this which -- one quick point to what that was saying. -- matt was saying. we did hear the industry body say there was no evidence that any of the other european carmakers were cheating in the same with the volkswagen was. we have seen some of the european carmakers begin to distance themselves from volkswagen. they all have relationships and don't like to directly badmouth each other but they have started to pull back and increase the isolation that vw is now facing. people understand this is a big long-term problem for volkswagen. scarlet: thanky so much for the perspective. and matt miller who is been on top of this story from day one here in new

it also says there is no plan to prevent those americans from returning stateside once they have beenpast nine months. more than 250 of them americans. >>> the palestinian flag set to be raised at the u.n. for the first time today. palestinian president mahmoud abbas and u.n. secretary-general ban ki-moon will preside over a ceremony this afternoon. abbas calling the historic event a beacon of hope in trying to achieve independent station. >>> fashion icon ralph lauren stepping down as ceo of the company that bears his name. he turns 76 next month. the company announced that this man, stefan larson -- i don't think we have a picture of him -- former president of old navy will take over in november. ralph lauren says he will stay on as executive chairman and chief creative officer. he expects his relationship with the new ceo to be a partnership. chris? >>> a new profile of donald trump and it's pulling no punches. if mario cuomo said, a politician campaign in poetry and governs in prose, we can shove that notion aside in the case of donald trump. he campaigns in poetry in much the sam

and hillary clinton went stateside with ellen degeneres. a chance to humanize themselves, show they are about more than policy, right? and donald trump on fallon was interesting last night because we had not seen him in a late night environment. ever since he announced for president. we all know he has a bit of an ego. he's not the most sel self-deprecating person, but he did have fun. this is the man in the mirror skit on fallon last night. >> the only one qualified to interview me is me. >> me interviewing me, that's what i call a great idea. >> of course it's a great idea. we thought of it. okay, interview time. question one, are you ready for the republican debate next week? >> you know, the truth is, i'm always ready. it's really going to be a big debate, but i'm always ready. >> it's not just big, it's huge! huge! huge! huge! huge! huge! >> you know, he's able to show and laugh a little at himself. that's a valuable trait sometimes. i was at 30 rock for the taping and it was a spent call. many people lined up to see trump leave the bu

. >>> meanwhile, back here stateside, a tropical storm is churning in the atlantic. rain is expected to hit the northeast today. in fact, i think it's hitting us right now. we'll turn to meteorologist chad myers for a look at the forecast of how things are shaping up. >>> it will be shaping up slow across the northeast today if you're traveling by car or rail for that matter. it could be slow because of the rainfall. we are not talking rainfall in tokyo and points north of there, but still significant rainfall. and yes, henri is in the atlantic ocean. so heavy northeast rainfall, two to four inches of rain in some spots. here we move ahead to 8:00 tonight, the rain continues over the area for hour after hour after hour. this is 2:00, 3:00, 4:00 and it's still raining. two to four inches possible from new york city down to south jersey. other than that, cold air coming in to feel like fall for the next couple of days as two low pressure centers, two cold fronts really start to cool down the northeast. in fact, we'll only be in the 70s today and up to 80, we'll just mu

charge of the state of illinois national guard's attempt to establish the rule for flying shadow uavs stateside and we certainly had to comply with the keeping the aircraft in sight at all time rules under the faa flying over restricted airspace only as well. and so the military actually has to, if we're going to be flying those uavs, actually follow in the air with another aircraft and i don't think that is something that the commercial entities are willing to do at this point and i could be wrong. i do want to talk about the safety issue and i think i'm going to direct most of my comments to mr. whitaker with the faa. i was flying my aircraft over the eastern shores the naval airspace area, in contact with air traffic control the entire time and i had an aircraft, a model aircraft bust through the airspace ten feet off the nose of my aircraft, about ten feet away in front and i was flying at 2,500 feet. if this can happen with recreational model aircraft usage, i have real concern about uavs out there flying around. i understand if you have commercial operations this is something where what y