all started last tuesday when commerce bank in west boylston. he handed the teller a note and you can see her handing him cash in the surveillance photo. it is a bit tough to see his face 37 he is wearing a bandana, helmet and sdmrass. he has been spotted in clinton, west boylston, marlborough and west lynn before getting away. people in the area shaken up knowing that someone people consider armed and dangerous is on the loose. >> that means he is around somewhere. that would scare m >> a small town. and surprised that this small town that would happen. but we will keep our eye open. >>> and police say he did not show a weapon during that bank robbery but they are calling this guy armed and extremely dangerous. we are asking for anyone with information to call police but do not approach anyone you think might be the suspect. live in berlin this morning, jessica reyes, fox25 morning north. the scene after midnight in waltham near the exit to route 20. the suv rolled over after colliding at least one other car. the victim had serious injury and i

sure many second-largest lender, commerce bank, is cutting jobs and defending dividends. t bank problems continue to mount. 7's -- a note 7 smartphone x loaded after he bought it. how the company reacted. we examined the increasing chances of space travel to mars. sampson electronics is apologizing to chinese customers after a new complaint about corrupting -- exploding smartphones. earlier this month samsung units afterillion reports surfaced about batteries bursting into flames. samsung claimed -- excluded the country from the recall. oliver: telefonica calling up a restructure of the unit. it says it will continue to look at alternatives. volvo recalling 120 7000 cars and suvs in the u.s. because the air-conditioning can leak water into the vehicles causing airbags to malfunction. it covers 2016 and 20 of 18 as she be. and sedans. sedans.and startcall is expected to november 17. commerzbank will it eliminate 9600 positions and sis and dividends. the bank will take a charge of $1.2 billion for restructuring costs. time now for a quick take. there is a new space race goin

. >> state and local police looking for this man right here whom they say robbed a commerce bank in the officer recognized that suspect's motorcycle. when he tried to stopping the man he kept going later abandoning his car in a gas station. >> pursuits were started and were called off because of speed and safety. >> police aren't sure if this man has a weapon. but for now they are consider him armed and dangeroufments boston. police believe he was on the ground at around 1:00 this afternoon. something malfunctioned with that creap. the man was pronounced dead at the hop. no word on what caused the accident. osha is investigating. now new at 11:00, police are identifying a police that was involved in a hit-and-run and state police say 36-year-old th when he hit swub at the intersection of morton and can't herb berry treat. he will be arraigned on several charges including motor vehicle. and we started on the plantar on the front coach. the fire chief is estimating at 3,700. >> bernie sanders on the campaign trail supporting hillary clinton. the senator will hit the stage in lebanon, new

police say that he robbed the commerce bank in west boylston on friday. an officer recognized the suspect's motorcycle yesterday afternoon when the officer tried to stop him, he just keptng motorcycle at a gas station. police are not sure if he has a weapon but for now they are still considering the suspect armed and dangerous. classes get started this week. students continue to pour into the boston area. the boston department of inspectional services is conducting checks to ensure that all housing is up to code. they are also reaching out to new students to familiarize them with the city services available to them. the city has partnered with the stagger the start dates over a few weeks alleviating the strain as many thousands of students move in. >> new overnight president barack obama met face-to-face with russian president vladimir putin. that meeting taking place in private on the sidelines for the g-20 summit in china, and it comes as the u.s. and russia try to reach an agreement to end the violence in syria's long running civil war but as of now th

police say he robbed a commerce bank in west boylston on friday. police say that an officer recognized the suspect's motorcycle yesterday afternoon. when that officer tried to stop him, he kept going. he laterba motorcycle at a gas station. police aren't sure if he has a weapon, but for now they're still considering this suspect armed and dangerous. >> new overnight, president obama met face to face with russian president vladimir putin. that meeting taking place in private on the sidelines of the g-20 summit in china. it comes as the u.s. and russia try to reach an agreement to end the violence in syria's long-running civil war. as of now, the talks have ended aggressive conservation efforts and recent years. the animal's status is changed to vulnerable. the wild panda population jumped to 1900 in 2014 as a result of poaching bans. >> this should have been a winner for eduardo rodriguez. he had a no-hitter going into the eighth inning when oakland's marcus ruled an out. scoreless until craig kimbrel gives up a hit fumbled by brock holt in left fie

robbing the west commerce bank on west boylston. handing the teller a note and demanding cash. police in clinton, marlborough and berlin reported spotting the stolen motorcycle that he rode away on. traveling at such high speeds that officers their chases. on sunday, they posted to their facebook page warning residents to stay inside and use caution during their search. a search several police police departments helped now bring to a close. >> reporter: now technically police brought alden into custody on a failure to appear warrant out of marlborough district court. he will be arraigned on the bank robbery charges in westborough district court at henrich, fox25. >>> manchester police are searching for a suspect who beat up an elderly clerk during an armed robbery. police say they believe thomas ford, jr. went into the hans food market where he assaulted the 81-year-old store owner. 5'10" with a thin build and last seen wearing a gray zip-up hoodie and black sweatpants. anyone with information is asked to call manchester police. >>> a sect person has died following a richard dr

state and local police are looking for this man who they say robbed commerce bank in west boylston friday. police say an officer recognized the suspect's motorcycle yesterday afternoon. when that officer tried to stop him, he kept going later , abandoning the motorcycle at a gas station. police aren't sure if he has a weapon, but for now they are still considering the suspect armed and dangerous. people in the area are urged to call police if they notice anything suspicious traveling this holiday weekend? filling up at the gas station can put a dent in your wallet. the mistakes you may be making entire east coast. the damage left behind in the wake of hermine. cindy: we still have a couple more days to go before hermine is out of our hair. the full-time line and the heat said to return late in the week. erika: also a lobster sculpture , thief on the loose in plymouth. residents want to know who took this guy. the reward that's being offered to bring him home. >> the 10:00 news on metv boston with maria stephanos and ben simmoneau. now on comcast channel 942, verizon 461, and over the air

this a picture of the suspect during a robbery on tuesday at the commerce bank in west boylston. he left the scene on a black motorcycle. yesterday police in marlborough spotted the suspect and the bike but he raced off at high speeds evtu motorcycle at a gas station in berlin. he is considered armed and dangerous but he did not show a weapon during the bank robbery. >>> a police officer at framingham state university is now off the job and facing several charges. the officer is accused of committing a lewd act while on campus and also charged with witness intimidation. the officer is on administrative leave and has been banned from campus. >>> the main story today is the weather. tropical storm hermine has already made an impact on many >> ferries from martha's vineyard to the cape were cancelled yesterday afternoon. fox25's stephanie coueignoux is live in chatham and stephanie, those ferries were cancelled because of the thunderstorm warning that has been issued. >> reporter: yeah, we already started to feel the wind pick up it is very breezy where we are right now. it is not r

closed captioning brought to you by commerce bank. your community bank. lending to businesses of all revolutionizing the way doctors treat the key could be this gel right here. almost every kid gets an ear infection at some point in their live. it can be tough on the parents who have to figure out what's happening and give that medication. local doctors think they found something that could cure the problem in just one dose. middle ear infections are one of the most common ailments in children. but getting a kid to make medication would be a real to force feed their childs antibiotics three times a day for ten days that tends to turn into prowrestling pretty quickly. >> the doctor and his team have develop add topical treatment that would be applied only once directly to a child's ear in the doctor's office. >> it could benefit the children in areas where medicine is less readily available. because it will only require one visit to the doctor's office. >> the antibiotic that allows the drug to get through the eardrum and into the middle ear. >> the drug d

people were ordered to stay inside yesterday as police searched for this man who robbed a commerce bank in west boylston last week. a motorcycle that may be his was seen in marlborrow yesterday setting -- marlborough yesterday. >>> one person was rush to the hospital with life-threatening injuries after a shooting in jamaica plane around 2:30 this morning. this was the scene on horan way. part of the area was off overnight. officers were seen placing evidence markers on the ground and searching that area. >>> a man is facing charges after a bizarre incident on martha's vineyard. felix reagan broke into a home on saturday afternoon stole several items and then get this painted the family dog purple. police later arrested reagan after they say he stole a car and crashed it. officers say he was found with purple paint on his hands. police say they tied reagan to several other island noon, president obama weighs in on an nfl quarterback's protest. what he says about colin kaepernick refusing to stand during the national anthem. >> also elevated to sanedhoodch the historic -- sainthood. the

last week he robbed the commerce bank in west boylston. yesterday there was a chase and search a s was his. >>> a fire tragedy in rhode island. a seven-year-old boy killed in a fire in his home in middletown just after midnight. a police officer saw smoke coming from the east main street house and ran inside. he was able to rescue two teenaged girls and once firefighters arrived, they pulled the girls younger brother out. he died at the hospital. fire investigators are looking into this blaze in woonsocket. at first, people inside the home tried to put the fire out when things got out of control. neighbors saw the flames jump from the third-floor porch but crews were able to keep the fire from spreading. >>> brief and anger -- jacob wetterling's disappearance is the reason states have sex offender registries today. more than a quarter-century ago someone kidnapped that 11-year- old at gunpoint. >> over the years police questioned a possible suspect several times but never arrested him. >> reporter: where investigators found jacob wetterlin

this is the picture of a suspect during the robbery at the commerce bank in west boylston. left the scene on a black motorcycle. yesterday, police in marlborough spotted the suspect and the bike, but he raced off at high speeds eventual berlin. >> there has been several spotings of this motorcycle with the suspect on it, and pursuit was called off due to high speeds self-times this week so do not want to endanger the public >> the suspect left the gas station on foot. he is considered armed and dangerous but did not show a weapon during the robbery. >>> 4:36 right now. boston police officers are forced to jump from the roof of a building while chasing an intruder in the north end. from residents on thatcher and north martin street and said a man was on the roof and trying to break in. eventually officers spotted the man and gave chase. they jumped from one building to the other and captured the suspect. a 24-year-old man from new york inside another apartment. >>> police now say a dorchester man was drunk when he hit and killed a woman in mattapan. a 46-year-old boston woma

reporter: west boylston police say this man seen in surveillance images obtained by fox25 robbed the commerce bank on west boylston street handing the teller a note, and demanding money. he then took off on this tolen motorcycle and has since been seen in clinton, boylston, marlborough and in berlin, each time getting away. 1309ings of of this motorcycle with the suspect on it and pursuit was called off due to high speeds several time and we it not want to endanger the public. >> that means he is around somewhere. that would scare me. >> reporter: location in this quiet farming community say they will be on alert while enjoying their families this holiday weekend. >> it's a small town. so surprised that -- that this small town that would happen, but we will keep our eye open. >> reporter: i am crystal haynes, fox25 news. police say the man haven't shown a weapon at any point but they do believe he has one which is why they are cautioning he should be armed and dangerous. >>> a sturbridge man is on run after attacking a woman and teenaged boy. brent young may be hurt with self-inflicted injuries to

these are surveillance photos he he he -- suspect and police say he robbed a commerce bank a chase and search began sunday what motorcycle believed to be suspect's was spotted in marlborough. he should be considered armed and dangerous. >>> the state's highest court will hear an appeal in the mail bomb killing steveen caruso was found guilty of first degree he murder in the death of sandra berfield in 2000. he insist he is not the person >>> dorchester man facing charges in a deadly hit-and-run in mattapan. police say 39-year-old anthony buchanan turned himself in around 1 a.m. sunday morning. he was drunk driving and speeding on morton street when he hit a woman in a crosswalk on friday night. janet simms was killed. he will be arraigned tomorrow. >>> police are trying to identified body of a man pulled from the muddy river oa. physicians found the body yesterday afternoon e sh. a and medical examiner's office were at the scene. >>> osha is investigating after a construction worker-- ems and medical examiner's office were at the scene. >>> ocean is investigating after a construction w

. >> they have this all started last tuesday when accused of robbing west commerce bank in boylston and handed teller a note and see her handing cash on surveillance photo. it is a bit tough to see the face as eswearing a bandanna, helmet and sunglasses. since last tuesday's robbery he has been spotted in clinton, west boylston, marlboro and most recently in berlin before getting away. people in the area shaken up knowing someone police consider loose. >> around somewhere. that would scare me. it is a small town. so surprised that this small town that that would happen but we will keep our yay open. >> police do say this suspect did not show a weapon during last week's bank robbery and police are calling him armed and dangerous are asking anyone in this area with any further information to call police but they a approach anyone you think could possibly be the suspect. live in berlin this morning, i'm jessica reyes, fox25 news. >> sara: new this morning flames ripped to the three story building on corner in moon socket overnight. firefighters were called to the corner of park avenue in b

you got commerce bank, a lot of the periphery banks also viewed to be in trouble.u combine all these trouble banks together, what kind of depressant effect could that have on european growth in general? >> going into this, global growth slowing to 2.5%. that's on the cusp of the global recession. you throw in now a tightening of loan growth because of problems with global banks, well, this could tip us into a recession. >> as usual, melissa making an excellent point, because we're focused on deutsche bank. commerce bank, another big german bank, unicredit of italy, the royal bank of scotland, those stocks are down 50, 60 and 70% over the past 12 months. we talk about the message of the markets. you see bank stocks collapse, 50, 60 or nearly 90% from its all time high, sitting at a 33 year low, its bonds lost value, we're seeing all kinds of messages from the various instruments around deutsche bank that will not recover immediately, we haven't seen a full scale blowout of risk spreads, though, that would suggest this is at the moment a contagion risk. >> where are

a german newspaper reports commerce bank may cut as many as 5000 jobs. would be about 10% of the bank's workforce. it is germany's second-largest lender. the ceo will present his plan to boost profits to the bank's board next week. that is the business flash. mark: still ahead in the etf segment, a shift toward lower-cost investing. why this is a big threat to fi that fu -- funds. this is bloomberg. ♪ ♪ mark: you are watching "bloomberg markets." now for the etf friday segment. let's go over to julie hyman. julie: i have eric. everyone talking about the trend from active to passive. there was a trend from high cost of low cost that could reshape the financial industry. hit it took -- here to talk about this is eric boltounis. flowsok at the fund categorized by the types of etf vehicles. talk to us about what you found. eric: most people talk about the 500 billion that is gone to index funds and etf's. that's definitely a migration down the lower costs. when you isolate individual buckets like active mutual funds, you find something really compelling. out

some announcement that has to do with commerce bank which is backed by the german government.se positive events whips the entire market moves to the upside. >> we have been talking about valuations for quite some time now. i think they have head winds. do i think deutsche bank will get bailed out? yes, i believe that. i think it will mess with $15 billion in fines. >> i think it will have a bit of a game of chicken. we have tomorrow, month end and quarter end. i think it will take a week or so to play out the way it should. >> on the point about the fine and then there are analyst reports and published reports in the press. how much would you say that this u.s. fine has sparked this entire issue with deutsche? >> i think it is very critical. i think there is no way that the german government can let the united states fine this company $14 billion. it is totally out of the question because it would drop the capital of deutsche bank by too much. i think ultimately that is where it will end up. >> is that a positive resolution? it is out of the way. the company ceo has a plan to

still ahead, pressure building on deutsche bank and commerce bank. -- commerzbank. ♪ vonnie: you are hing "bloomberg markets." mark: 10:21 in new york. es taking center stage. deutsche bank, commerzbank, credit suisse -- all in the red today. new concerns with european finance team leader simone meier. commerzbank,ith speculation mounting about the sorts of cuts we are going to get him commerzbank asap. 9000 jobs is the latest figure. it is going to be pretty big, whatever it is, it seems. onone: with the focus deutsche bank, people forget there is another large german lender under enormous pressure to cut costs. commerzbank has been looking at ways to reduce costs for a while . they have a new ceo who came in in may. there is talk of roughly 9000 job cuts. that would be about 20% of the workforce. on top of that, the ceo -- mark: deutsche bank shares at new record lows. this is important. we talk about the chart over my shoulder. are other asset classes also declining. credit default swaps on the board. debt rising, tier one shares. at what point are we really reaching a critical jun

police say the 22-year-old from hudson kicked off a crime spree august 29th robbing the commerce bank on west boylston street handing the teller a note and demanding cash. police in clinton, boylston, marlboro and berlin, reported spotting the stolen motor vehicle they say alden rode away on, each time traveling at such high speeds officers needed to call off the chases. on sunday berlin posted to the facebook page warning residents to stay inside and use caution during their search. departments helped now bring to a close. police technically bring alden into custody on failure to appear warrant out of marlboro unrelated case and he will be arraigned on the bank robbery charge in one of westboro. >> sara: police looking for suspect that beat up clerk during an armed robbery. he assaulted 81-year-old store owner. the suspect is described as 5'10" with a thin build, he was last seen wearing a gray zip up hoodie and black sweatpants. anyone with information asked to call manchester police. >> gene: adult bus driver working for care well accused of sexual assaulting and one victim had to

. -- commerce bank saying it is suspending its business. confirming the strategy plan that was told reporters yesterday will be put in place. the capital ratio -- we had john cryan saying in a memo, don't worry. we are ok in terms of capital for the moment. capital ratio is rating comfortably above. finally, now we can focus on brexit. george osborne has stressed the need for the closest possible economic and financial relationship with the european union. speaking to bloomberg in his first interview since leaving office and the wake of the referendum, he warned of the consequences of a hard brexit. >> my view is we should be ending up with a softer brexit than a harder brexit. the economic consequences of a harder brexit will be more severe. francine: let's welcome back the italian ambassador to the u.k. and the director of a think tank policy research -- at net wealth investments. we are going to have a lively discussion. you'v ebeen involved advising the italian government on economic matters. what are you hearing in terms of soft versus

. >> this man seen in surveill the commerce bank on west boylston street handing the teller a note and demanding money. he then took off on this stolen motorcycle and has since been seen in clinton, boylston, marlboro, and today in berlin each time getting a. >> i would there has been several spottings of this motorcycle with the suspect on it and pursuit was called off due to high speeds several times this week so we did not want tone danger the snub that means he's the public. >> he is while the 6 feet tall with dark -- >> it's a small town, so surprised that in this small town that that would happen. but we'll keep our eye open. >> police tell me the suspect did not show a weapon at the time of that bank robbery or in incident but they do believe him to be armed and dangerous. if you have any information or you encounter a person that looks like the suspect don't engage them. contact police. reporting in burlington tonight, i'm crystal haynes, fox 25 news. >>> in sturbridge tonight a search is underway for that man who police say attacked a woman and a teenage boy. officers were cal

. >> taken motorcycle at evidence this all started last tuesday when accused of robbing commerce bank in west boylston. police say he handed teller a note and see her handing cash in surveillance photo. it is a bit tough to see the face as wearing a bandanna, helmet in sunglasses. since last tuesday robbery been spotted in clinton, marlboro before getting away. people in the area shaken up knowing someone police consider loose. >> means he is around somewhere. that would scare me. it is a small town so surprised that in this small town that would happen but kel keep our eye open. >> police say this guy was not armed. they do not believe while he robbed the bank last week, but even so as they have been reporting considered to be armed and dangerous. police wanted anyone with any information to give them a call but happen suspect asking them not to approach. live in berlin this morning, i'm jessica reyes, fox25 news. >> daniel: police officer at framingham state university is off the job and facing several charges. he is accused of committing a lewd act while on campus. he has been char

. >>> meanwhile, commerce bank is reportedly exploring a big move. >> i like that pronunciation. >> the second largest bank is looking to radically overall corporate banking business. >>> unicredit is considering selli ining pion near investmen branch. the newspaper says it's part of a 10 billion euro increase. >>> the ceo of banco monte dei paschi has resigned. the unexpected departure comes as the troubled italian lender seeks to raise 5 billion euros in additional capital. expected to remain in the his post until a successor is appointed. shares have lost 95% of their value under his tenure. >> morelli is most likely to replace. previously worked with the struggling lender between 2006 and 2010. so he should probably know a thing or two about the bank. >> you would hope so. a lot of people saying this is a essential step before they try to tap capital markets. >>> all of this happening while the bank of italy and ecb give the green merger. the deal is set to create third largest bank by assets. shareholders are still to vote on the tie up which was announced back in march. >>> e-mail

we've got commerce bank announced it's suspending its dividend and cutting 20% of its workforce overnight. we've got deutsche bank which is feeling some pressure here as well. could there be just a risk to europe and therefore a risk to us? >> no. >> it's contained to deutsche? >> i think too big to fail in the case of deutsche bank is too big to fail for everybody. i think you have a situation where one of the reasons why deutsche is getting badly hammered by u.s. regulators is because they've set up a very big business in this country. global cross payments means there's a lot of collateral damage here. again, we're talking about different things in terms of where we were with lehman brothers, although there's no question that the capital markets business of deutsche has them in a lot of different pies. >> i hate the risk to angela merkel. i don't like having her be put in a very vulnerable position, which this does. >> you mean having her not reelect reelected? >> yes. what does she do fell if deutsche bank needs to be saved. >> she's said she's not going to do it. and deutsche said th

police say he he robbed a commerce bank in west boylston last week. a chase and search began sunday what motorcycle believed to marlborough. police say the suspect should be considered arm and dangerous. >>> this week the state's highest court will hear anappeal in mail bomb killing. steven caruso is serving a life sentence after being found guilty of first-degree murder sandra berfield e insist he is -- he insist he is not the person a planted the bomb. >>> a dorchester man facing mattapan. 39-year-old anthony buckman -- by cana rather turned-- buchanan turned himself in rather. he was drunk driving and speeding when he hit a woman in a crosswalk. janet simms was killed. he will be arraigned tomorrow. >>> police are trying to identified body of a man pulled from the muddy river oa. physicians found the body yesterday afternoon. state police boston ems and medical examiner's office wereall on the scene. >>> osha is investigating after was killed while working on a crane. police say the worker fell at a construction site in the longwood medical area ye

. >> caroline will be speaking with commerce banks cfo. l coming up in 10 minutes past 12, london time. the chief executive of investment management. good morning. give us the context around the deutsche bank story for you. how nervous doesn't make you when you see this story gripping the european banking sector and also affecting u.s. taking, asian sector, people talk about exposures? the markets at -- are nervous at the current levels. they take anything that is adverse, that throws them off. it does nots me -- worry me too much about the stability of the banking sector but tells me we are not back to normal. >> it is not systemic? >> know, the systemic problem is confidence and trust is not back to normal levels. >> let's put this in context. , when does this start shift? this is reminiscent of what happened in 2007-2008. points pulled money and it snowballed quickly. it has the potential to be exponential. when does this story shift? refinehifts once you sick -- refinancing rates seemed to threaten the software -- solvency of a bank. if

so i'm sure you're referring to commerce bank.e wall street journal" and others have pointed out that commerce bank is still partially, i think, little less than 20% is the government, brussels is in there. is this just a back door injection as "the wall street journal" intimates to try to get money into deutsche bank? >> deutsche bank has $1.6 trillion in assets and $16.5 million in market cap, compare that to bank of americas at $140 billion or j.p. morgan or even wells at $240 billion or $250 billion. these things are a fraction of where they should be capitalized. they need help and they need it now. >> andy, we have to run. i like that answer. but we have some breaking news. so let's go to carl. >> all right, rick, let's go to janet yellen, i think, answering some questions about politics. >> -- contributed the maximum amount to the hillary clinton campaign. and she did so while she was a sitting member of the fed board. and there was numerous reports that have come out, media reports stating that the governor is angling for

if we look at another stock we have been keeping a close eye on, commerce bank, down 1.8%. 9600 jobs andt also suspend dividends. the ceo is looking to shore up profitability. we will be talking more in the show about the challenges facing the german lender. finally, a lot of discussion around oil prices and the prospect of them moving higher feeding into inflation expectations. i just want to show you the u.k. 10-year breakeven rate. it is reaching its highest level since july 2015. of course i'm not saying that this is all down to the prospect of oil prices rising because this has been on a study -- study upward trend all year, but worth keeping an ion as we talk about oil and expectations. vonnie: just a quick headline from jeb hensarling from the house financial services , where john stumpf will be testifying today. of the committee saying millions of americans have been ripped off by wells fargo. it is just beginning now. you can follow along on tliv go. expecting his remark to be much different to the senate committee. talk aboutted to urgency in the company. shares are down ab

police say a 22-year-old from hudson kicked off a cri robbing the commerce bank on west boylston street. and handing a teller a note and demanding cash. police in boil our top stories, clinton and berlin reported spotting the tolen they say aldin. went away on traveling at such high speeds that officers needed to call off their cases. on sunday, posted it their facebook page warning residents to stay inside and use caution during their police departments helped now bring to a close. >> reporter: technically taken into custody on a failure to appear in mallboro district court but will be arraigned in westborough court on those bank robbery charges and fox25 will be there. michael henrich, fox25 news. >>> manchester police are searching for a suspect who beat up an elderly clerk during an armed robbery. police say they believe thomas board jr. went food market where he assaulted 81-year-old store owner. 5'10"with a thin build last seen wearing a gray zip-up hoodie and gray sweatpants. anyone with information call police. >>> bus drivers accused of assaulting elderly women in alzheimer's.

back on august 30th, around 5:00 p.m., the suspect reportedy gave a teller at the commerce bank on west b he left on a motorcycle as you'e seeing in surveillance images there. at least the third sighting of the suspect in the last week. >> throughout the week there has been several spottings of this suspect. and the pursuit was called off due to several high speeds and e did not want to endanger the public. this time the motorcycle was found with no one on it at the gas pump. as about 6 feet tall with dark markings on his face. did he have a black motorcycle helmet and a white bandanna on t the time. if you have any information you're asked to contact police. we do know that that motorcycle, the suspect is believed to have used in both the bank robbery ad right here is in west boyleston police custody. we'll keep you updated throughot the night. for now reporting in berlin, i'm crystal haynes, fox25 >> a girl in new hampshire has died after she was thrown off of her horse at a fair. >> the child was thrown off a horse like the one you see right here. she was taking part in a horse show

ofanted to get a feeling what you are seeing in terms of commerce banks. -- commerzbank. ave made dramatic changes to their business model. the air streaking down the corporate and getting away from investment banking -- germany is over bank. it is enough that commerzbank has done? mouhammed: it is a little bit late. they should've been doing this many years ago. it is a welcome move to see the banks making these changes. it is quite aggressive. expectation will lead to job cut. there is a dichotomy guys you got a very strong german economy and a very weak banking sector. this reform is long overdue and it needs to carry on. caroline: long overdue. what do you want him to say to you and the investor base? would you want to hear from chief executives like john cryan as well? what will it do to turn these red stocks into green? mouhammed: the question to ask is what is your long-term vision for the financial institution? a lot of banks are patching on to old problems. they are try to fix the issues that existed in the institutions did what we need in times like this are long

he's expected to apologize for the bank's practice of selling commerce' bank and credit card accounts they did not authorize. critics like elizabeth warren. >>> gas prices rising in the north because of shortages. a pipeline was shut down due to a leak. drivers are panicking and stocking up, increasing demand. the biggest increase in georgia, up 21 cents in the last week. >>> a study finds a third of chirnlg aged 4 to 7 are not properly restrained in car seats. of those children, 25% seat belts only, the rest with neither seat belt nor car seat. many put in booster seats too soon. learn more on saturday at national seat check. for details, check with your local police department. >>> a suspected drunk driver in custody after hitting two pedestrians on the hollywood walk of fame, allegedly, and then smashed into a building, they say she tried to run, but was caught a short time later. the pedestrians are expected to be okay. the building hit is home to the museum of broken relationships. hour, the new details we're learning about the tox sinkhole in florida as 200 million gallons of ro

and if we just break down where we're seeing the gains in the banking index across europe, commerce bank up more than 3%, barclays similar gains, and bnp paribas also up about 3%. sticking with financials, italy's largest lender unicredit is higher after three bidders are said to have emerged as contend yirz to buy the bank's fund management arm. the stock up 3.5%. reuters also reporting that spain's banco santander has pulled out of buying the williams and glen lending unit. the disagreement said to be over the price tag. shares higher on the day. >> thanks, seema. >>> when we come back, the co-funder of lyft on his vision for self-driving cars and rumors about a possible sale. this after a quick break. stay tuned. ♪ [chains dragging] [eerie music playing] [crickets chirping] [owl hoots] announcer: if you don't fix them, sparks from dragging tow chains can cause a wildfire. and that could be scary. bye, smokey! only you can prevent wildfires. >>> good morning, everyone. i'm sue herera with your "cnbc news update." syrian opposition activists releasing video that appears to show an air s

look at some of today's losers, they are in the european banking sector, royal bank of scotland, commerce bankre's a report that the german lender is considering cutting at least 5,000 jobs as part of a broader overhaul. another big stock in focus is the subject of a competition and consumer protection complaint filed by 35 u.s. states. the stock losing 4% in today's trade. sticking with the uk, the british pound falling to a one-month low against the euro. the uk foreign minister, boris johnson, telling sky news that he expects his country to begin formal brexit negotiations early next year. that's been the big question following the vote, when will those actual negotiations happen. there's also new evidence the weaker pound is attracting visitors to the uk. data from britain's office of national statistics shows that overseas tourist visits have increased by 2% in the first month after the brexit vote. you can see that uptick right here. interestingly enough, today does mark the three-month anniversary of that uk referendum vote. john? >> all right. thank you. >>> straight ahead, the exclusi

and you saw the italian banks hanging out there and commerce bank came out today, cut their dividend. they have issues. they have never fully taken care of their problems. they have had opportunities to. as long as you have negative rates there, you can't make money so they get penalized for keeping balances there. >> you know, steve makes such an important point. the law of unintended consequences. the two stories we're talking about today, the first is, it turns out it might be a massive policy error to make it so your entire financial sector runs unprofitably. that's in europe. take a look over here and what wells fargo has done essentially is they have replaced net interest margin with account fees and it worked for a while and now it's all unraveling. a lot of this stuff you can point back to central bank policies that are trying to address the greater good but the longer it goes on, the more of this kind of thing comes out and you say, oh, wow, they just -- they don't make any money on deposits, so they found another way to make money with account fees. it's the same story. >> d

in thee: -- tom: afternoon, commerce bank with the idea of managing 2020.is to get to november maybe as a first idea. here is taylor riggs. taylor: the addresses were highlighted between hillary clinton and donald trump. at hospira university, the candidates faced off for the first time. a big issue -- jobs. mrs. clinton: we have to build an economy that works for everyone, not just the top. we need good jobs with rising income. i want us to invest in you. trump: our jobs are fleeing to mexico and other countries. you look at china making our product. they are devaluing their currency, because they are using our country as a piggy bank. mrs. clinton: i have met a lot of the people who were stepped by you and your businesses, donald, who you refused to pay when they finished the work you asked them to do. mr. trump: i take advantage of the laws of the nation, because i am running a company. my obligation right now is to do well for myself, my family, my employees. mrs. clinton: we also need a tax system that rewards work and not just financial transactions.

deutsche bank near historic lows again in session today and of course commerce bank, they're a huge germanell saying they're going to cut 9,000 jobs. certainly those financials in focus for many parts of the market here in the united states. we'll watch our money center banks and the regionals as well. also want to point out what's happening with oil, oil prices. we saw big gains yesterday and the last couple of days. now we're not seeing as much optimism. iran is not going to do very much. saudi arabia, they can't agree. those oil prices down, taking energy shares along with them. goldman sachs is coming out saying their q4 target price for crude oil, wti $43 a barrel. those supply/demand imbalances not working out the way they thought they were going to earlier on this year. more supply coming to market. those prices going lower. so oil prices a big focus in trading today, but everything else that we're talking about today is going to be about those financials and everything else that's happening. we'll keep an eye on yields, carl, back over to you. >> thanks. lets get over to rick sante

the center of banking and commerce. here were more banks in new york city than the entire plantation south. it's the center of merchandising, it's the biggest manufacturing center in the city. we don't think of new york as a factory town but, it was, in fact, a factory town. it had the biggest sea port and the media center. new york's papers like the tribune and the harold were national papers. they went all around the country. people all around the country read them. now, i say it was hugely confused because new yorkers were fighting their own civil war amongst themselves at the same time that the largest civil war was building and it was on the north and south conflict within the city and from the south came cotton and after the spread of the cotton gi, in the cotton trade exploded. it was 2 billion pounds by 1860. cotton represented 60% of what the u.s. was exporting to the world and it was 40% of what was going out of new york's harbor so it was a huge deal. the next biggest commodity was, i think, tobacco and it was

. >> i'm joined by stephan engels, the cfo of commerce bank.g about competitors being driven out of the german market. who will be driven out? stephen: we have a number of customers, almost one million over four years. .hat has been across the market they have been closing down branches. we have a full commitment to our branch network, that is why we believe we can gain market share. held bye still partly the government, a legacy of the bailout post financial crisis. was the government involved in your change of strategy? stephen: the government, as a shareholder, was not involved. the government has , and the full board has agreed to the new strategy yesterday at the meeting. >> should the government be talking to deutsche bank? stephen: that is something you need to talk to the government about. >> in terms of regulatory cost, risk eating too low, what about risklidation would -- being too low, what about consolidation would be in the german sector? >> i do not expect that. >> longer-term? stephen: it is hard to predict. >> would it be hard t

germany could push the shed to merge with commerce bank. hose stocks have happened in august. >> the problem for the market if deutsche bank was under, you've got a crash enough. >> italian bank in spanish banks, house of cards. >> i want to thank peter, mike, so much stuff to cover. great, thanks very much, everybody. the market has turned around. now we are up 24, 25 points. debate number one in the history books. debate number two, sunday, october 9th. you realize that's only a week and a half away. the advanced look at that one, too. the mainstream media is a win for hillary. what does donald trump have to do to win next time? we are on it. ♪ stuart: we are up 18.717. after debate. deutsche bank is a story this morning. we'll cover that throughout the day. american express has raised its dividend to 32 cents a share. it was 29 cents a share of 10%. a stock buyback or grab. that is why they are. not much but they are a period the obama administration suing the software comes to me. by the way, this company was founded by peter teal, the o

also commerce bank is slashing 10,000 jobs merging two large units and scrapping its dividend. rtially state-owned bank is going through a major overhaul. pepsico posting better results on the top and bottom lines. also raising full year forecast as demand for snacks and beverages increase. and you could see that stock is up by 3%. much better number than the street had been anticipating. beat by about 8 cents on the bottom line. conagra foods topping estimates but the revenue was a little bit short. this is expected to be the last report before the food producer separates into two different companies. sales dropped as it tried to reshape its portfolio to create the revenue base. and check out inter-cellular plunging. the stock is down almost 65%. releasing disappointing test results for its lead drug candidate. that was a treat for schizophrenia. it had the same effectiveness as a placebo. cut the shares by more than half. down 6 4% today. >>> now back to politics. hillary clinton's attack on donald trump has focused on his character. joining us now someone who has known the re

joining me now, strategist at canadian imperial bank of commerce.atching the presidential debate. in your opinion, what do you think the markets took away from this? >> they think the risk of a trumpet presidency has dissipated somewhat. a bid has leveraged with slightly fair amounts. i think some of the fear that the market held about trump was slightly taken away. >> he held true to what he's been saying on the campaign trail. he really talked about china as well from the start. devaluing its currency and bad deals with its trading partners. >> absolutely>>. maybe, but on a longer-term basis, it has not been devalued. i don't think the market was scared or concerned by that. angie: let's bring up what he said about the federal reserve. this was really interesting, right? we've been saying that the fed can't move before november. it does not want to be political. listen to what trump had to say about what their true stands might be. trump: the fed is being political by keeping interest rates at this level. the day obama leaves and goes out to the g

banking man, and it is to address soundness concerns and maintain the basic separation of banking and commerce. dodd frank lives, david. david: it continues to fight another day. david: now let's checked on the first word news. mark richt and has more from the newsroom. new poll shows donald clintonfeating hillary in white americans with no college diploma. among all likely voters who have not done pass title, clinton leads trump 47% to 42% in a two -way contract -- contest pitted was in a nursing moment for gary johnson when he was asked on msnbc when he was asked about the besieged syrian city of aleppo, he responded "and what is aleppo?" after the appearance, he told markel up and that he needs to know -- learn more. the only surviving attacker in the belgium terror attacks says he needs to speak to a judge. this is refusing to speak to a judge. his attorney says he is not obligated to explain his silence, but it is "obviously linked to the constant surveillance. 132 people were killed in november's attacks. as we approach the 15th anniversary of the 9/11 attacks, a found that was raised at

it's the center of banking and commerce. there were more than the entire plantation south and it's the center of merchandising and the biggest manufacturing center in the city. we don't think of new york as a factory town but it was the biggest factory town in the country and not jus just spend a long time afterwards. it had the busiest seaport and it was the media center. new york's papers like the tribune and the herald were national and people all around the country read them. to say that it was hugely confused because new yorkers were fighting the civil war at the same time the larger civil war was building and it was even in some ways on the north and south conflict which is -- within the city. from the south came cotton. after the spread of the cotton gin in the late 1790s, the cotton trade, the international concentrate exploded. the u.s. exported half a million pounds of cotton in 1800 was exporting 2 billion pounds by 1860. kaufman represented 60% of what the u.s. was exporting to the world, and it was 40% of what w

helping small business simplify e-commerce. >>> good morning. deutsche bank shares dropping. capital concerns putting pressure on the lender. we'll tell you the details coming up. >>> your money, your vote. it's debate day. presidential hopefuls hillary clinton and donald trump are preparing to square off on stage tonight. >>> plus, high five fail. a picture of a young prince and the canadian prime minister going viral this morning. we'll bring you those clips in just a moment. it is september the 26th, 2016, you're watching "worldwide exchange" on cnbc. and a very good morning and a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost alongside morgan brennan this morning in for sara. a very good morning to you. >> good morning. >> and also a particularly good morning to our newest viewer. this is wagner, the son of cnbc's toll. mom, dad and big sister are doing well. good morning to all of you. let's check in on the markets this morning. and we are expecting about half a percent of declines at the open. about 60 or 80 points. we have increased those declines in t

city, a center of banking and commerce suddenly loses business.ou lose business, you lose revenue, you hughes interest, the outside world, doctor, you have been watching this with us. nodding all the way. >> yeah. i'm really glad that you're bringing up the financial element of this. >> i hate to but it is jermaine. >> i'm glad about it not because i take any kind of joy in financial suffering. we want america to be doing well in all of it's spaces, especially it's urban centers which are the drivers of our economy but that this is what makes this a very different kind of space. when we were looking at baltimore and ferguson and people in their own neighborhoods. the residents of charlotte and this is the downtown area and this is not where many of these people live so there will be an absolute economic consequence to this. another thing as i have been checking my phone and you have been seeing messages coming in, wasn't there another way? and at some point opportunity this become a distraction? it's really important to get, nobody is going out th