what's the message from abb? >> reporter: the message is that they are hanging on the power grid business in part because it create as significant synergy between automation and power systems business. also they like the business. they think they can return to it profitability. i asked the ceo of abb how exactly they were going to do that. take listen. >> this business is the profit leader in its industry and naturally in our portfolio not the best perform sewing what we're doing now is trying the transformation that has increased margin target of 10% 240% raised by 200 basis points to go forward. changing the offering, changing the business model, move stronger towards consolidation, towards software and services and changing the business motel. we're take out large parts of activities by partnering the floor so we're changing the business dmoel. changing the offering alling to that will support the margin quality of this business. >> reporter: now the calls for abb to spin off that business were spearhead by st

abb has a strong position there. the movement towards renewables in india are strongly supported by us. we have more than 50% of the solar base powered up by abb technology. looking at industrial automation, india wants to drive the made in india program strongly. our automation ordering can help. altogether, combined with the strong infrastructure, india wants to go electric on vehicles in 2013, there's a bright future and great performance of rnd. >> you have been simplifying the structure of the business for quite some time now. focused on robots, transportation systems, electricity networks, turbines. do you feel you are where you need to be on a decision to keep the power grids unit? >> look what we have done with our third stage of next level, we have completed the transformation of our market orientation of our businesses. we have now four businesses, which each is one or two in the respective markets in the world. they're much better lined up with the market segments. clearly lined up against competition. it'

abb says it will keep its division inc. continue the transfer mission.t has been calling for the firm to offset business. abb announced it will buy back $3 billion of shares over the next two years. ericsson could announce it is setting between 3000 to 4000 jobs as soon as today. the struggling maker of wireless networking equipment is trying to cut costs. ericsson has informed this wish -- the swedish government about his plan. netflix rose to its highest since may under speculation it could be a takeover target. rumors have linked netflix the disney, although analysts say little chance of a deal. netflix declined to comment. that is your bloomberg business flash. guy: cleveland fed president, loretta mester says the us economy is right for a rate hike. -- the u.s. economy is right for a rate hike. there is a compelling case for moving the rate up gradually, taking another step in that path. you want tothink curtail the expansion, not at all. the first half of the year, growth was around 1%. i think we are going to see a rebound in the second half. arou

fans, and opportunity you do not want to so that every beatles fan has thought about, the trip to abbe road studiosos. >> for diehard fans, they won't just visit , they will get to stay for the night, october 15, will have a dead install for th first time since yoko ono john lennon slapped there in 1969, even house rul inspired, can be as loud as you want it is a musicic studio, an if anyone, your font you can go with adele's famous lyrics, hello it's me. the competition was cut down by airbnb in music producer mark ronsonce. have into there for quite a bed and most of my life has bee spentntto in forums like this s >> places that you would not normally be able to stayc in th uk, such as ten downing street and buckingham palace and abbey road studios. >> you write to airbnb to tell them about your favorite abbe road music the contest closes october 6. check in with lou maglio entry so cool to see what's coming up at 5:00 p.m..ag is not afraid of confrontation, at 5:00 o'clock, details of a a strained scam affecting certain people one northeast ohio communityty >> up next, get your hand

abb announced it will buy back $3 billion worth of shares.ckson could announce it is shedding between 3000 and 4000 jobs as soon as today. the struggling maker of networking equipment. erickson has informed the government about its plans. to its highest since may amid speculation it could be a takeover target. the company's quarterly earnings are due to be released in the next two weeks. rumors have linked netflix and disney although analysts see little chance of a deal happening there. that is your bloomberg business flash. manus: thank you very much. deutsche bank starts trading today on the dax. it was a holiday in germany yesterday. the shares lifted slightly. they rose on friday following a report that it is nearing a multibillion-dollar settlement with the department of justice. life,ne of a bankers litigation and regulation. we finished the day down 0.8% in the united states and dropped 4% and rallied back. caroline: maybe the crisis is contained to a certain extent. seems to the all eyes on what actually the activity is america. the e

in abbey road studios.p to read the nights that you must write to airbnb intel abou your favorite abbe road track so, anyway, last night on video chat, i spent, like, 20 minutes just staring into lucy's eyes. oh, that sounds romantic. it was until i realized the screen had frozen. still one of my top three dates of all time. so, are we ever gonna hang out with this girl? i'd love that, but she's not really comfortable around people. yeah, i used to be uncomfortable around people, a trick. i pretend everyone i meet is a beloved character from star trek. how's that been working for you? oh, like a charm, unnamed crewman in a red shirt. leonard, i may have gotten you a job. i have a job. sheldon: yes, he does. he caters to my every whim. no, in a couple of weeks, stephen hawking's team is sending an expedition to the north sea

from the woman's point of view today, having abb creates an income stream.'m not making any collateral statements about her getting pregnant. i'm saying having abi've sayings an income stream. having abb should be something that we know will cost a lot of money do we really want to do this. for th the guys that is much moe blunt and brutal and i think appropriately so. you now have a case you cannot and should force child support on someone who walks away because either he's in a gray market or has no income. while he has a known bank account with electronic deposits and it's easy these days to establish paternity beyond a shadow of the doubt and all the judge has to do is say x. number of dollars every month and it goes directly to the child. you think that will get around? you think maybe they will see that creates a drain on their income stream and bu by the chae the incentives? with issues of marriage and pride and work in the book i recommend people look at it there's lots of ways that it will creat create dialectical ve places where people are function

>> i think abb is the producer of rapid charge, fast chargers that you find along the highway to very quickly charge the car. our philosophy is you can charge the car at home and office with a slow charge. i don't see them as a threat. we partner up with various hardware suppliers, since our main goal is to get as many as possible to our own cloud service. >> you launched that in the netherlands. what's demand be like? one should add that the netherlands is very, very open to new technology. maybe the uk, the rest of europe wouldn't be so open to that. >> new motion was launched in amsterdam. we built that into a market leadership there. only now we see the countries around us picking up. norway is ahead of us in the dutch market. in the uk market it's a bit behind. i think about two years behind. if you look at the real driver, the number of electric vehicles being sold, that's growing very quickly. 40% year on year growth. we are confident this market will pick up quickly. >> am i correct in saying, it's something like a 10% market in holland and a 1% 2% market in the uk? >> that's

choice of paying rent and school supplies and winter clothing or having a thanksgiving meal and we're abbe shoulder, that's huge. >> each year, between 25,000 and 35,000 people are fed through the denver national -- >>> friday looks good. >> it's gorgeous. cold as yesterday. we'll see a few neighborhoods close to freezing, but that's in the foothills. here's your cheat sheet on friday. it's warmer today. we're expecting 70s in fact through monday. that means great football weather. come monday for monday night football, it's going to be a beautiful evening..3 dry conditions, clear skies. we're in the upper 30s in denver. winds out of the is the at 5 to 10 miles-per-hour. we have calm conditions and a big warmup early on. by 8:00, we'll be in the mid 40s. low to mid 40s at the bus stop. mostly sunny through the afternoon. right around 2:00, a high of 75. it's a mild evening tonight as our temperatures drop in the mid to upper 40s early tomorrow. congress park, you're at 75 this we've got littleton and high lah in the mid to upper 70s and in aurora, a high of 74. it's warm state wide. more 5

. >> the cleveland script signs a highlight the skylight it edgewater park, north coast harbor and abbe avenue general an ordinance allowing them to stay other locations caused quite a stir and city council monday nine. >> for some strange reason we mike polensek, blonde those who question the fairness of th locationsns. >> why is the east side , left out of the equation?n? we don't understand? we see the fancy script that is at edgewater an the west side but it comes to the east side metrparks, there' nothingo. >> a sentiment shared by those on the side. it has been ignored somewhat, but then again i feel that everything should be divided equally among both sidesgne. >> said the message to us into our residents that were not important and not a place to visitt . the script sign is part of destination cleveland campaign they declined to go on camera but they release a statement they can build a website but not the eas side. >> if we put a sign at edgewatee could put one at euclid beach and bill angela but we're going to have some common denominator. melissa reid fox 8 news. hurricane ma

causing controversy with some city council members,in signs and edgewater park, north coast harbor and abbe avenued fox 8.com, destination cleveland president david gilbert says th three locations were selected based on volume ofof industrial traffic and the cleveland background but councilman mike polensek questioned the locations. wigs eastside left out of the equation? we see the fancy script and edgewater park on th cities west side but when it comes to the east sidearhe, gilbert says they hope to install another cleveland scrip signed next yearh. lots of sunshine in temperatures back up into the 70s. currently 72 degrees, in cleveland with sunshine. we have winds out of the south at 16 mphph is helping to currently 72 degrees, it is no clouds in the sky about the las est of us, there are some clouds filtering in and rainfall in portions of indiana, illinois, eventually that will get into our area saturday. checking on hurricane matthew, sustained winds have dropped as it passes through the bahamas.n hurricane matthew is at 121 sustained with 140, looks like it's going to hug theirng ea

there's -- that's why you need the abc 7 news abb. the temperatures tomorrow will pete their peek. mid '80s, above normal and tease just nice day for your. as the clouds increase, low 60s to mid-70s inland and then a slight chance to a chance of showers as monday and tuesday carry it past the seven-day accuweather forecast. kristen and dan? >> good rain we got in there. >> nice to see the rain over for you days. >> don't like it now. >> thanks, sandhya. the food eating challenge that literally ripped a hole in a man's body. >> coming up here tonight, "donald trump and his bold claim. tonight the president responding. tonight the new and stung findings, and i take you right into guantanamo prison tonight. you will see the detainees up close next. >> david, thanks a lot. we'll see you then. new at 6:00, a controversial sculpture is about to be unveiled in the east bay. we'll have a live report and you can judge it for yourself. stay with us. that's at woman: how do we protect them from $4 billion in new cuts to california schools? man: vote yes on proposition 55. woman: prop 55 doesn

[applause] and i was happy to explain on the television program i'm abb for and by faith informs me that we are to hold up a godly standard and inspired to live godly lives but we all fall short of the glory of god that there is no one righteous other than the one. as i said last weekend i don't condone what was said, and i spoke out against the other part of my faith is i believe in faith and forgiveness and we are called to forgive. my running mate showed the american people what's in his heart. he showed humility to the american people and then he fought back and turned the focus to the choice and i am proud to stand with donald trump. [applause] [inaudible] it's not just a choice between two people come it's a choice between two futures and i want to say to my friends from north carolina, i choose a stronger america at home and abroad and a more prosperous america. an america that stands up for the constitutions that make america great. i choose to stand with donald trump and every american that believes we can make america great again. [applause] it's about security, it's about pros

abb says it will keep its this vision and continued -- it's division and keep the -- has been calling the swiss firm to spin off that business. it also announced it will buy back $3 billion of shares over the next two years. shares are trading higher. that is the bloomberg business flash. francine: cleveland fed president loretta mester says the u.s. economy is ripe for rate hike. the case for a move will likely be strong. despite its proximity to the presidential election, take a listen. >> there is a case for moving the rate up gradually, taking another step on that path. there are some people who think you want to curtail that expansion? not at all. the reason i think it was appropriate to move the rate of by 25 basis point, we want a sustainable expansion. i think moving rates up is consistent with that. francine: running is now is peter kinsella. -- joining us now is peter kinsella. when you look at the crossover between emerging markets and the fed, are you expecting one rate hike this year? peter: i think we might get one in december. francine: why take the chance so close to t

abb, down by 6%. is the lead gainer by over 5%.re seeing gaining strength but abp is one of the big stock stories we are watching carefully, dropping to 6.3% on the back of its numbers. the fund manager at energy investments is still with us. is today the day that convinces u.s. investors to buy into europe? the banks are doing a little bit better. the signs of life may be in critical stocks, outperforming on the back of what happening. >> well, it's not going to be today necessarily, but yes, i think it gives us further evidence of a broad shift occurring in markets. but it is worth bearing in mind that banks have already outperformed this month. as we have been talking about, the bond environment appears to be a major shift, and these numbers will reassure them that the banks in europe can generate profit. it isn't all doom and gloom. there are legitimate medium-term questions. certainly if you look at the likes of barclays and domestic u.k. business it's a profitable business. certainly there is good scope for global investors t

i'm abb abby huntsman and this is a fox news alert. >> whup!trees, hurricane matthew working his way up the coast now wreaking havoc on south carolina. at least four now are dead. entire cities are under water and more than a million without power. the storm is far from over. we have got live coverage this morning. >> and an unprecedented apology from donald trump for his hot mike moment. >> i have said and done things i regret. and the words released today on this more than a decade old video are one of them. >> this morning, new fallout for donald trump and new information on who leaked that tape in the first place. >> and you wouldn't know it, but that wasn't the only shocker overnight. buckle your seat belt because hillary clinton also had something of an october surprise. >> i kind of think if you get paid a couple of hundred thousand dollars for a speech, must be a great speech. i think we should release it and let the american people see what that transcript is. >> good day tore bernie sanders. unfortunately for him it came a little too

i'm abb abby huntsman. woe start with a fox news alert.ever seen before. the hackers taking control of the connected devices and in your open home to carry out one of the biggest internet attacks in u.s. history. >> cyber security from professor hillary clinton. watch this. >> we're going to throw out the entire course in a few words don't put an unsecure server in your bathroom. ed henry here to react in just moments. >> good idea. noted. it's been part of hillary clinton's consider campaign message for months. >> condemn all violence in our political arena. >> condemns all violence but no one told uncle joe. >> the press always asks me don't i wish i were debating him that's what i wish. >> joe wants to take him behind the gym. we have comments on that. we are glad you are here. third hour of mornings better with friends. ♪ ♪ >> two hours in now. >> as you said the show is almost over. >> hourglass. we are in the middle age portion of the show. starting to feel creeky. kidding we feel great. >> my dog is coming on the show today. >> also

abb abb abbey? >> can you believe it?inal debate is four days away as the candidates prepare to face-off one last time. we are looking back at the most pivotal moments. here to help us, erin mcpike. good to see you. >> you, too. >> let's go through the most mem rablt moments. the clinton's comments on trump's fitness to serve. take a look. >> with prior republican nominees for president, i disagree with them. politics, policies, principles. but i never questioned their fitness to serve. donald trump is dimpblt. the question for us, the question our country must answer is that this is not who we are. >> erin, this fitness to serve is going to come up again in las vegas wednesday night. how do you think her answer resinated with voters? >> i think it was a really important question for her to be asking. it is the argument she has been making. she also didn't bash the entire republican party. everybody has been saying the last couple weeks, they think she is going to win. this sets her up better to work with the republican p