let's bring in james bevan.or thehis problem federal reserve, you hear a lot talking about how they want a mobile the end of the year but the market is saying no chance. will they go gives a the market? i put a rate hike probability of december around 50%. higher than the markets bring my reasoning is at the fed has a window to raise rates. you may want to re-stimulate an economy. , itt has interest rates will have to get back for more quantitative easing and relatively few policy options to get at the economy moving. i suspect they would like one hike and the bag. jonathan: does it make sense in terms of economic theory to move to cut again? james bevan: all about sending, strong consistent signals. we have mr. williams saying what ever happened in terms of the first hike is highly likely the will be accommodating pre-easing policy for the next year and consistent with what we can see of the u.s. economy. very inflated -- very low inflation. coming into 2015, they end of 2014, people in front of me as said the

andl with us is james bevan derek helalpenny.is disappointing but this has nothing to do with the brand. they have huge exposure to china and not enough in japan. james: the other issue is that they have tried to diversify their books. not a word on other goods whatsoever. francine: we have a chart -- we like a burberry chart. you will give us the mark -- francine: this is when he left the company. she was succeeded by the creative director. the share price hasn't done so badly. there are issues about whether he is creative enough or if he takes enough risk. if you grab burglary burberry and looking at that charge, what do you do? -- i: the key plus points think the share price will rally hard. we need to know what the company is a strategy will be. 20 times earnings doesn't leave a lot of room for error, and i think we will see a significant markdown. tom: you know whether it is london or new york, it is about asian tourists -- they are feeling poor. there is a demonstrable view that the asian consumer is less consuming. that fi

the republicans' candidate for governor is matt bevan. matt bevan is not a state elected official or elected in any other way. he did run for senate against mitch mcconnell in 2014. that was kind of a disaster for him. you might remember him as the guy who went to a cockfighting rally and gave i big speech about how cockfighting ought to be legal in kentucky. and afterward when he was called on it by the press he said he had no idea it was a cockfighting rally, he's quite sure it wasn't. now he's the republicans' candidate for governor. and today the matt bevin campaign did something really strange. i've never seen this before in a gubernatorial election -- i've never seen this actually before in any major election. but what they did is released their own internal polling on the kentucky governor's race to show the public what their 3r50i69 data said about how matt bevin is going to do in that governor's race. and the data they released shows that his own campaign believes that matt bevin is going to lose that race. this is a weird thing.

us, we have james bevan. jonathan: manus cranny, thank you very much.the meantime, i am on twitter. what a week it has been. the ftse on an eight-day winning streak. best of luck for the rest of the trading day. ♪ manus: the china effect. minutes from the federal reserves the september meeting show threats from abroad weighed on the decision not to raise rates. the imf managing director says inflation and wages aren't there yet. either >>> inflation numbers hae solid. we have to see them, and for the moment, there is not much on that horizon, neither on inflation nor on wages. $2.5 trillion rally continues. reload to riskier assets, betting a fed won't rush to raise rates. commodities come back. oil surges