matt: i want to just point out we have yet chrysler indicated up -- fiat chrysler indicated up. there is a deal behind this that will drive that having very little to do with movies view on the italian economy. for $6.2sler selling billion helps that boost. i want to take it back to a story that affects carmakers, which is the trade war. the rhetoric continues. it seems to be getting worse. if i look at a chart i stole from the mliv blog this morning, this shows korean export growth is just shooting up in the blue line. we also see u.s. imports continuing to rise. at least some asian economies are not really being affected negatively by the trade war thus far. surface, definitely. that looks encouraging. there is quite a bit of talk this is frontloading. this is people trying to make sure they get their exports and imports done before january when the united states go ahead with their 25% tariffs or increases the levels 25% on chinese products. where china goes, south korea is usually close behind. their companies could get caught up in this. see there is resilience. at least bu

out of control dr john would occur with lancaster university thanks for joining us carmaker fiat chrysler has agreed to sell its subsidiary mine yet the model a the auto parts supplier will be taken over by cal sonic canzano from japan for six point two billion euros the deal will boost the japanese component makers operations in north america and europe chrysler had planned to float its subsidiary but was put off by low i.p.o. valuations for industrials the takeover will create the world's seventh largest independent car parts supplier. now ryanair has logged a seven percent fall in profit from april to september summer's a key season for europe's largest budget carrier but it took a hit from rising fuel costs and lackluster bookings that were marred by strikes ryanair says it will have to keep short haul tickets prices low prices low this winter and the carriers bracing for more damage cabin crews recently failed to remove an irate passenger who hurled racist insults at a woman a video of the incident was posted online. competition authorities in the u.s. and europe have approved the me

coming to fear chrysler has agreed to sell its subsidiary mcguinty how heavy the order supply will be taken over by. from japan for six point two billion euros the deal will boost the japanese component make his operations in north america and europe chrysler had originally planned to float its subsidiary but was put off by low i.q. or valuations for industrials the takeover will create the world's seventh largest independent composite supplier. ryanair is a seven percent fall in profit from april to september summer is a key season for europe's largest budget carrier but it took a hit from rising fuel costs and lackluster bookings caused by strikes ryanair says it will have to keep short haul ticket prices low this winter and the carrier is bracing for more reputational damage cabin crew failed to remove an irate passenger who hold racist insults at a woman the video of the incident was posted online. and one of his trade is last piano makers as just unveiled an instrument the likes of which the world has never seen before the piano has an extra couple octaves which may sound like a

the big bright spot was fiat chrysler. in addition to the new ram coming 12%, out, that new jeeps and sport-utility vehicles are where it is that in this market right now. >> thank you so much for that breakdown of the auto sales numbers for september. still ahead, how western businesses in china are dealing with the trade war and slow down. will speak to the former ambassador to beijing later this hour. >> achieved market strategist joins us next. this is bloomberg. ♪ haidi: we are counting down to the start of trade here in sydney. the landscape is shaping up for the midweek session, lots of pressure coming down on small caps again. we're also seeing the aussie dollar continue to see downside pressures. shery: you're watching "bloomberg daybreak: australia." midterms are fast approaching here in the u.s., and while the democrats seem poised to take control of the house, the senate is more open question. our next guest says a big win for the democrats may be -- may lead to a market selloff. joining us is achieved market s

fiat chrysler driving the bulk of those gains after agreeing to their 6 billion euro sale. banks just behind them up 1% of course italian banks quite sensitive to what's going on with the italian budget situation so getting a nice lift there as well. at the bottom we have health care down 0.7% and oil and gas down 0.4%. back to you at the desk. >> excellent let's check in on how markets have been doing overnight as chinese markets have extended their rally after authorities pledge to support the economy in the wake of friday's gdp disappointment you can see that the majors are really bouncing and quite aggressively this morning. shanghai up 4% shenzhen the more volatile up 5% hang seng up 2.5%. not much movement in the currency if anything, a tad weaker. all eyes on the equity's performance. as the authorities are getting more vocal about intervening in the market, karen. what's interesting, it's not just the pboc governor, we've heard from the regulator things and what they're trying to do is shore up confidence and provide investors with some psychological support here >>

gabrielle whoby covers cap chrysler. it sounds like a great price. is it?l: it is about one billion euros -- gabrielle: it euros andne billion it is good for suppliers who have been beat up. suppliers have been having to spend money on new emission standards in europe. it has been softening. rally set ac different tone -- magneti marelli said a different tone. this has been a long-standing strategy back to when surge of marconi took it over -- sergio marconi took it over. off assets and raised cash and tried to get the finances in order. vonnie: with the operations, will they move to japan? how does that work. 65,000 workers is a lot of workers. kkr is a private equity involved. people still see the disruption and the auto industry and there will still be a place for auto suppliers, especially ones making parts that will be useful , even though it is electric cars or into the age of autonomy. thate: it is interesting when trade relationships are being reworked all around the world that this deal would take place. how do you make the calculation on a deal li

we'll take a closer look at industrials with bob nardelli, former ceo of chrysler, home depot. >>> moreuawk alley" after the break. dow wn85 do 3 at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. you'll only pay $4.95. i'm ready to crush ap english. i'm ready to do what no one on my block has done before. forget that. what no one in the world has done before. all i need access, tools, connections. high-speed connections. is the world ready for me? through internet essentials, comcast has connected more than six-million low-income people to low-cost, high-speed internet at home. i'm trying to do some homework here. so they're ready for anything. >>> take a look at shares of caterpillar, down. the conference call is under way now. early headlines from the ceo saying we feel good despite geopolitical risk in trade, normal seasonal patterns in fourth quarter, see continued strong operational performance that many of the end markets are in the early stage of recovery, they feel g

joined by new york walk professor ron filler will tell us and later the cars coach is back to talk chrysler earnings the e.u. emissions scandal and a way to avoid voiding your warranty lots on our plate let's go. we start with markets and volatility seems to be the name of the tune in china which saw the largest one day gain in the shanghai and chiens and composite index since november of two thousand and fifteen but the progress slowed some yesterday hong kong's hang seng also rose but is now down from last week as are other asian markets including the japanese nikkei down under down under a sax in australia and sensex in india both down since last week the same down or tune at the french cac german dax u.k. what c. and t. s. sex in toronto and the cold kept in colombia a global aberration today with brazil's ibo best slightly up u.s. markets have been volatile they were down big time for most of the day are coming back close as the close one of the final numbers at the break but the dow and the s. and p. are more than seven percent below the all time highs of just a few weeks ago the s. a

yvonne: jeep and ram trucks helped fiat chrysler produce their highest profit margins in north americathe founding of the company in 2014, offsetting disappointment in asia and europe and underlying accountedica, which for 97% of fiat chrysler's $2.3 billion of pretax profits. rishaad: -- yvonne: for breaking news wherever you are, tictoc by bloomberg offers live video coverage and hourly updated news reports verified by us. jump on twitter and follow @tictoc by bloomberg. ♪ yvonne: take a look at markets here this morning. doesn't look much like halloween, when it comes to the equity markets. rishaad: not a horror show. yvonne: not yet. it has been all month, i guess you could say. rishaad: which brings us to the mliv question of the day. yvonne: halloween on wall street. rishaad: nightmare on wall street. yvonne: what scares you the most in these markets? at least we are ending the trading month on a positive note here. take a look at decent gains on thethrough, japan lunch break now, up 1.5%. a look at the large caps. manufacturingct pmi was the lowest in two years. rishaad: individ

fix the car coach lauren thank you for being with us on let's start off with earnings reports a chrysler a reported on on monday looks like they got a little bit of a boost out of that was a pretty positive report right so earnings were up for of ca and the reason for that was the sale of magnetic murali and that's actually a positive thing because he at chrysler is about building cars and selling cars and getting rid of one of their divisions that has all to do with technology and components was a really smart move by mike manley who's the new c.e.o. also elfman who's involved with f c a corporate so this is a good move for f.c. and that sale a seven point one billion it was higher than what analysts had thought and because of that it's a big influx of cash to s.c.a. and we're going to see some big changes so we're looking forward to seeing how that's going to impact the company as a whole they've struggled a little bit over the years on an annual basis but i think we're going to see some big changes coming their way with a new c.e.o. and i know we've got on wednesday we've got coming u

it is the first major deal for free a chrysler since manley became ceo. -- for fiat chrysler since manleys agreed to sell its auto parts unit to kkr. the price is $7.1 billion. the deal creates an auto parts maker with more than $17 billion in revenue and 65,000 workers. shares of royal philipps are falling the most in more than seven years. the technology company posted third-quarter profit that missed estimates. phillips wants to redesign its manufacturing output because of trade tensions. >> we will redesign some of our supply chains. we are in the good position to have factories in the united states and asia and we can rebalance load going forward to avoid some of the duty impact. besides that, i think we will have to look at raising prices selectively as well as taking further productivity measures to offset these currency events. kailey: that is the business flash. tom: thank you. it is a joy to speak to kate moore of blackrock about politics, your determination of what to do in the equity markets. i see a jumble. i thought the memo you sent had clarity. sectors have been left behin

declines for the quarter general motors also reported that sales fell in the double digits and chrysler's doing pretty well actually for the first time in more than ten years for the month of september they sold more cars than ford well why the sales figures are down is difficult to say at this point maybe it might be because of higher gasoline prices might be because interest rates are increasing so financing of new cars becomes more expensive and then also last year's of tembo was a record months for the u.s. car industries all comparisons were also sky high. tesla is also making headlines and there's more bad news today. there is bad news but there's also some good so maybe let's start there was the good news. is there production and delivery figures and at least for now at test the chief production numbers are using more than five thousand model. per week so that's good news on the other side. struggling quite a bit with countermeasures from china in july china increased their tariffs on our imports by forty per cent and tesla is saying that this might be hurting the chinese business

culture it's less thing clear that both companies are going to work together we've seen daimler chrysler fall apart because of that and leverkusen does not like monsanto and now we've got this potential of so many more lawsuits coming that will increase the price tag even more so is the harvest going to really make it profitable big question mark ok lots of question. because it but it's in flight. two local produce b.m.w. is diesel problems of multiplying the german car maker now recalling over one million additional diesels it says an exhaust system problem could cause a fire in extreme cases the recall affects models made between twelve and ten and twenty seventeen the m.w. says cooling forward could leak into the exhaust cooling system a mix with other substances posing a potential fire risk in aspen brings the manufacturers' global recall to a total of one point six million vehicles. china is building bridges in this case the longest of its kind in the world it's fifty five kilometers long but the bridge is not just a prestige project it creates a link between mainland china a cow an

twenty billion dollars means there was that over would be worth more than forty general motors and chrysler so the big three u.s. carmakers combine. there's quarter on wall street thank you very much. the united states is to impose a fresh set of sanctions on iran they'll target a multibillion dollar financial network that allegedly funds the recruitment and training of child soldiers the move is part of a wider u.s. campaign aimed at putting pressure on iraq earlier this year donald trump pulled out of a nuclear deal that will see a range of previously scrapped sanctions reintroduced brown is already feeling the effects including a fall in oil exports and several companies leaving the country. the business world is in mourning for paul allen the co-founder of microsoft he died at the age of sixty five allen founded microsoft with bill gates in the one nine hundred seventy s. he ranked among the world's wealthiest billionaires and was known for his philanthropy and the owner of two professional sports teams in the us the n.f.l. seattle seahawks and n.b.a. portland trailblazers a city in a s

how is chrysler pulling it out bag?e craig: ford slipped behind fiat chrysler. also the s.u.v.'are getting long in the tooth so the escape is in a segment that's the hottest part of the market with crv.oyota rav-4, honda that's where you need to be to keep up in the market and that in need of redesign. romaine: we saw strength earlier year in auto sales. was that from the individual consumer, people like you and because it seems like the narrative in the most recent report didn't bear that out. craig: it's always tough to judge retail versus total sales fleets until toward the end of a sales day or later on that week. but one thing we can definitely say is a major factor this month is a year ago, it was the first month after arricane harvey and there was huge snap-back from hurricane harvey. houston is a major metro market for auto sales so the amount of replacement demand made of 2017 sort of the blow out month of the year so we this tough hill to climb year. joe: car sales can be seen as a proxy for consumer strength and the economy overall. these numbers today, what do they t

emissions tests fogs fund sales in europe fell almost fifty percent compared to last september hit chrysler and those sort of plans of closer to thirty percent the new worldwide harmonized light vehicle test which sounds so nice became mandatory on september first forcing some manufacturers to put the brakes on deliveries want to wait and certification. or let's talk about those new rules with all the bots out frank man so how much of the slump is down to the new emissions test so late. i think pretty well most of it up until september that they did which you could only sell these certified cars the car sales in the european union were up by about two and a half percent almost twelve million vehicles sold so it was humming along some countries in the red like italy and some countries doing very well like spain or germany of the car markets growing there but now of course the car companies are struggling with the time and effort involved to certify these cars and you can't just sort of find one model like for example the gulf of volkswagen or the may gone at renault have to certify each type

it is the first major deal for chrysler.an-american carmaker is agreed to sell its italian parts price, $7.1 billion. the automaker has more than $17 billion in revenue and 65,000 workers. the man who built when court into a dominant force in commodities has told investors he will retire as ceo in three to five years. bloomberg has also learned that ivan glasenberg has started training three to four front runners for the next ceo. that is your latest bloomberg business flash. we'll be looking at those stories the next hour. vonnie: there is 30 minutes left in the trading session in europe. this is the european close on bloomberg markets. here are the top stories we are covering from around the world. -- theyce falters as grapple with the deficit cancellation. we have a view from the currency desk. has a five-year plan to leave the commodities giant. planning is in the works. in italy, chrysler will sell its car parts unit. it's the first deal under the new ceo. all of that in the next 60 minutes. we want to check the europea

difficult to grow to moments like this together especially across the atlantic we've seen that with the chrysler that fell apart because the corporate culture didn't work together and with a company might like something might be especially hard because it's a toxic brand remember just a couple months ago people in europe were on the streets protesting the corporation on top of that it's it's been a very very. very very. sorry expensive deal and the question was already is it going to be profitable now possibly billions in fines through lawsuits dangerous a lot of money being thrown around because they have but it's for us of the frank good stock exchange. global stocks islam big geopolitical risks rising including tensions between the middle east and the rest of the world over the death of a saudi journalist was it a political borders the turkish president claims corporate bigwigs seem convinced as they pull out of a conference in riyadh today but that doesn't mean deals won't be done behind the scenes. kitty dimitri a c.e.o. off there i should direct investment one idea. the organizers had laun

getting a green light lights chrysler dodge. member states own barn or no reports. and you put online in faith itself just just signed on loan them at night not a land line. it was also after last night's debate date so it's sort. russia the five five after much consideration. russell russell but judging or we are out of the without that which which is where we have invested every day or is it. can no longer take cake and the trial judge's looks mind buying leads which is a two thousand and 17224% of gdp fly fly face a selling point as i saw it all gets previously agreed. upon by a sizeable government the with the you. when was the last time h. h? six six six six webquest is entered into the muscle mondays eight echo echo seven seven and your little. tiny audience on tax tax cuts a service of lloyd lloyd from the other other countries the reserves on the unless -- level. internet down a deposition turning. co counsel instances yet yet gentle geologic could give granulation should. get that six million that's out of the gods. it's a good. granting an l. nelson stree.

fiat chrysler is expected to announce a $7 billion deal to sell its high—tech car parts unit, magneti several uncoonfirmed reports suggest that japan's calsonic ka nsei will take control, in a deal that will make it a world leader for parts, including electronics and lighting. a sale would be the frst big change made by fiat‘s new chief executive, mike manley. and now, what is trending in the business news this morning? the financial times is reporting on the fallout from the murder of saudi journalist jamal khashoggi. it says riyadh is trying to salvage this week's big investment conference, despite many foreign business leaders pulling out. here in the uk, the head of the biggest commercial tv channel, itv, has told the guardian it is the last chance to build a challenge to netflix. it is a familiar tale in many countries. talks with other uk broadcasters, including the bbc, to work together on a new streaming service haven't led anywhere, and carolyn mccall says time is running out. and don't forget, let is know what you are spotting online. use the hashtag #bbcthebriefing. but bef

ford outsold by fiat chrysler for the first time in a decade.y ford is struggling with aging suvs, collapsing car sales, and king of the road f series finding itself the oldest pick up on the market. ford hopes next year's updated estate and exploiter will turn things around. tesla slumped, despite beating delivery estimates in the third quarter. 383,500 models in november. tesla says trade tensions between washington and beijing have been a drag, but numbers indicate they may be on track for an elusive profit. they have production plans in shanghai. global news 24 hours a day on air and on tictoc on twitter, powered by 2700 journalists and analysts in 120 countries. i'm jessica summers. this is bloomberg. haidi: let's get more on how markets are shaping up in asia. our lives strategist here in sydney. not much for markets to get excited about. hong kong had a shocker yesterday. can japan get things going? >> is pretty concerning because the yen overnight suddenly got strong. it looks very much like it was a haven play with italy, as you were me

also the local chrysler dealership kicked in a couple of trucks to help out with the cleanup. the cleanup will start next month. >>> president trump says he is bringing out the military to the border. this is as a caravan of immigrants makes its way to the united states. allen martin is here with more details. >> reporter: he says it is a national emergency this caravan of migrants moving through mexico. most of the caribbean are from honduras. they are still 1000 miles from the border. today the president tweeted "to those in the caravan, turn around, we are not letting people into the united states illegally. go back to your country and apply for citizenship." james mattis will sign an order sending 800 troops to the border. they will provide support to national guard members who are already deployed. the trump administration is pressuring mexico to try to stop the migrants progress. last night the president told supporters he is determined to prevent them from crossing into the u.s. >> it will not happen. we can't let it happen. >> when the troops get to the border what the

autos yesterday, there is still softness and , -- in demand, chrysler been the only one that was up.e dan akerson, the former chairman of general motors. welcome. i want to ask if you would rather have a ferrari or and aston martin? but tell us about where we are in the auto industry. we expected some softening, these car companies, one of which he repositioned with general motors, are they prepared for a downturn? >> i can only speak in terms of general motors, i would say that they are generally in good shape after going through a restructuring. the margins had improved over , nowast couple years commodity prices are going up. early in the summer, there were a lot of incentives in the industry. that has changed. ,hey pulled back in the quarter as the growth in the sales demonstrated. david: as they face an overall softening demand, they also go through huge readjustment in room -- a, whether it's electric vehicles, or connected cars, kind of capital is required back up can these companies come up once that capital on their own or do they need to partner? my natural inclination woul

fiat chrysler agrees to sell its carport unit valued at $7.1 billion. more on that next.berg. ♪ david: time for the bottom line where we look at the three companies you should be watching. fiat chrysler sold their auto-parts business to a japanese company and its is $7.1 billion deal which is $1 billion more than predicted. they will have a long-term supply for those car parts. now you will have the new combined auto-parts company based in tokyo. they will maintain summing big in italy. alix: clearly it is getting out from under that. i'm looking at halliburton. they do see a better 2019 when it comes from all the issues they have been having this year. a key area to watch. , talking about execution of shale in the u.s. is actually getting worse in some capacity. so we are overestimating how much shale oil can produce in the u.s.. david: is this drilling new wells? alix: a bunch of things. one is a parent-child well. that is actually causing execution issues. david: i have seen that on your graphics. hasbro, fornow, that will bring in brooke sutherland. >> they are our th

fiat chrysler is selling to japan's kalsonic philips third quarter profit missing. blaming currency head win winds. check this out the new york city police department is pulling 3,000 body cameras across the city after one officer's device caught fire in staten island there is a possible defect with that model which is made by axon they are formerly known as taser. they are working with the police department to investigate. no trade in action xon now. >>> lotto fever. mega millions fever swelling first, retail detail earnings season and the holiday shopping season all just around the corner so why are retail stocks falling the great jan rogers npoheipn re to tell you what's what. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. take your razor, yup. up and down, never side to side, shaquem, you got it? come on st

more than gm, ford, and fiat chrysler combined. rival lyft also plans to make its wall street debut next year just at a bit of a lower value, $15 billion. >>> 137 million people tune in to netflix around the world. 137 million. netflix added nearly seven million new subscribers last quarter, two million more than it thought. well above any service like amazon prime and hulu. the majority of its subscribers, six million, came from overseas. netflix has been investing heavily in foreign shows like germany's "dark," and netflix places success on original content. spending about $13 billion this year on content alone. the growth is a big win for netflix. netflix added a million fewer customers than it predicted in the previous quarter, sending the stock plunging. the stock up a stunning 80% this year. right now up 14% overnight. >> gosh. i'm still stunned, though, by the fact that uber is worth more than ford, gm, and chrysler fiat combined. >> yeah. fascinating. >> that is staggering. >>> "early start" continues right now. >>> account

fiat chrysler to sell to mare lli. lead the new company.elli will keep the headquarters in italy. the merge is committed to a taliban operations and this merger would create -- is committed to keeping the operations and is merger would create 60,000 workers from tokyo to milan. truly global. couldt consider rewarding shareholders with fiat it and could give is earning seasons. i will talk about phillips. third quarter at adjusted. the company compiled estimate with 580 4 million euros, a bit of a miss. the third quarter is down and up 13.2%. let us look at revenue. revenue at 4.3% and that's a on 4.3 6 billion euros. sales from the third quarter's is up. on 5.4%.ain phillips is reiterating the 2020 target. later, we will speak to phillips ceo and that's after 6:30 a.m. u.k. time. a lot going on in the market. manus: let us take you to a quick perspective and i put brent in in here. and saudi production arabia. let me give you the numbers. it will boost profit to buy 11 billion american -- barrels a day according to news agencies. this is a

local croats are upset about such memorials because they feel they've been lumped together with the chrysler troops who destroyed the bridge. and i was a little. before unfortunately the city is still divided who could have been it's hard for people to start living together again. almost but the wounds will heal with time still it's sad that today young people from different ethnic groups don't mix with each other. even go to separate schools well doing the school on. the bridge jump has plunged nearly thirty meters into the icy waters of the narrative a river. i. the bridge symbolizes the divisions that still exist in the city. most muslims live on the right bank of the river the currents move on the left bank. the next morning double rife's with a conference the participants include representatives of insurance groups mind victim associations n.g.o.s and other mind hearing companies. the deputy director of the state mine disposal agency is also scheduled to attend but he hasn't turned up yet. during the conference participants will discuss various aspects of mine clearing operations includ

tameka fear chrysler has agreed to sell its subsidiary fairly easy supply it will be taken over by a concise from japan for six point two billion euros it's the japanese component makers operations in north america and europe where my getting my rally supplies advanced technology for major comic fear chrysler had originally planned to float its subsidiary was put off by low i.p.o. valuations for industrials the takeover will create the world's seventh largest independent composites apply up. more on fast cars with city very fast cars invented sunday's formula one action saw british driver lewis hamilton fail in his bid to secure a fifth the world championship with three races remaining as a ferrari's kemi reichen and stormed to victory in the us grand prix germany sebastian fattal meanwhile fought back after a difficult start to finish fourth and remain within touching distance of the mercedes driver in the overall standings. pole position in a potentially title winning you ascribe the dream scenario for lewis hamilton. and things were about to get even better as rivals sebastian fet

at least fiat chrysler is doing well.ctually from the first time in more than 10 years for the months of september they sold more cars than ford. why sales figures are down is difficult to say at this point. maybe it might be because of higher gasoline prices. it might be because interest rates are increasing so financing becomes more expensive. also last year's september was a record month for the u.s. car industry, so comparisons were skyhigh. javier: tesla is also making headlines, and there is more bad news today. jens: there is bad news but also some good news. so, maybe let's start with the good news. tesla came out with their production and delivery figures, and at least for now, tesla achieved their production numbers, producing more than 5000 model 3 vehicles per week, so that is some good news. on the other side, tesla is struggling with countermeasures from china. in july china increase the tariffs on car imports by 40%. tesla is saying that this might be hurting the chinese business. they are starting to build

be joined by new york was professor ron filler to tell us and later the car coach is back to talk chrysler awnings the e.u. . missions scandal and a way to avoid voiding your warranty lots on our plate let's go. we start with markets and volatility seems to be the name of the tune in china which saw the largest one day gain in the shanghai and chiens and composite index since november of two thousand and fifteen but the progress slowed some yesterday hong kong's hang seng also rose but is now down from last week as are other asian markets including the japanese nikkei down under down under a.s.x. in australia and sensex in india both down since last week the same down or tune at the french cac german dax you see n.t.'s sex in toronto and the cold kept in colombia a global aberration today with brazil's ibo best slightly up u.s. markets have been volatile they were down big time for most of the day are coming back close as the close one of the final numbers at the break but the dow and the s. and p. are more than seven percent below the all time highs of just a few weeks ago the s. and p. i

an idea of what $120 billion means, uber would be worth more than ford, general motors, and fiat chryslerthe big three u.s. carmakers combined. javier: jens, thank you very much. the united states is to impose a fresh set of sanctions on iran. they will target a multibillion-dollar financial network that allegedly funds the recruitment of training of child soldiers. it is part of a wider u.s. campaign aimed at putting pressure on the iranian economy. earlieier this year u.s. presidt donald trump pulled out of the landmark nuclear deal that would see a range of previously scrapped sanctions reintroduced. iran is already feeling the effects of that decision. oil exports are down and several foreign companies have withdrawn from the company. that is all for business. back to brent now as the countdown to election night in the u.s. brent: three weeks from now the u.s. midterm elections, just three weeks from today. a record number of women are runningg for governors in many states and for the u.s. congress. when you look at the race for u.s. congressional seats, you can see what we're talking

if it comes in at that price, uber would be worth more than ford, general motors, and fiat chrysler combined jm morgan chase will lead the lyft ipo, which was valued at just over fifteen billion dollars. >>> good news for students defrauded for for-profit colleges. it makes an obama era policy that makes it easier for kids to discharge loans goes into effect. they opposed the regulation known as borrower defense because she said it made discharging loans too easy. and was unfair to taxpayers. the rule was supposed to take effect back in july of 2017 but she froze it while she tried to work on a new regulation. >>> and the $40 million settlement elon musk agreed toe has been approved by a federal judge. you recall he said he had the financing to take it private, he didn't. the securities and exchange commission argue dollars the tweet was misleading and harmed investors who bought shares as a result. anne-marie. >> that will teach you to stay off twitter just a little bit, elon musk, or maybe tweet about a boring company. what could go wrong when you're tweeting about a boring company, right?

warnings for "g," ford and chrysler. cart pilar is feeling the pressure. 25% of sales in asia. n bu just caterpillar np sealed air opsachted on the and bottom line joining many industrials seeing larger pressures weaker currency, higher labor costs and tariffs. the markets took another dip when headlines came from the european central bang mario draghi. draghi says one of the biggest risks is countries trying to circumvent the eu rules. it sent major european stocks to lows. stocks with signifint exposure to europe like mcdonald's, dow r dupont, coke down as well. finally a debate around steve unusualen's decision to pull out of the davos in the desert conference. the saudis are involved in tech funds, raising funds for technology companies and inos good if they are isolated. it puts the dow and s&p about 6% below the recent record highs. for nightly businesseported o report, bob pisani. >> now as bob mentioned, stock moved lower late this morning after that warning from the european central bank president. phillip marks h that part of the story from brussels. >> the president,

ford versus fiat chrysler. it outsold ford in the third quarter. these are tough times at ford.es. they have the f series on pace for record sales and they will say we cut back on fleet sales it did outsell ford in the third quarter. back to you. >> yeah. the real stand out there for the month of september i want to take you back to september. you're saying rectifying delivery issues is easier than production issues. so it should be something they can close the gap on fairly quickly? >> i don't know. i think they are struggling in terms of rectifying the deliveries once they are build and delivered it would be rather easy to handle it continues to grow each quarter. they will say we are building more we'll have more vehicles in transit. they do need to rectify that though >> i was struck by the numbers onchina. >> sit a 40% tariff. it is not just tesla it is bmw, mercedes benz, the tariff is 40%. >>> still ahead, space founder turned 5 grand into a billion dollars fortune with her body shaping attire she'll join us to talk about the state of the consumer and whether an ipo for c