you dan suzuki. alix: here is a commodities question, which company just in half2015 forecast due to diamonds? ♪ joe: "what'd you miss?" country/--ked which forecastntry cut its , go ahead joe. botswana, itnt -- is crashing. theirit makes up 70% of exports, they are getting destroyed by the oversupply and lack of a man. i want to -- demand. i want to round out where we down 7% on the year entering correction territory, the dow down. the s&p 500 not there to help. the price of earnings has dropped in the selloff. joe: stocks are cheap now. the dollar sold off, you think blood in the streets, five it is safety,e but it did not happen. people were buying the japanese yen. neil is here. what do you think of the dollar selloff? >> i think the dollar rallied against currencies and sold off against others, mainly the euro. it looks like a rotation into d10 fx. sensitivedity currencies rallied. i think that is the way you want to think about it. cross, the euro-dollar cross, that had the biggest wave. i woul

tom: dan suzuki how should u.s. investors plate china.nvestment or do you play through? olivia: or h shares which david said is the easiest way to buy growth and the world. >> i think you need to take a longer-term suspect -- perspective as he do it in the near term you'll probably see more negative news in that low pressure those shares but out of the long-term you have really high-quality companies doing business and these companies have been beat up so much that the long-term potential is really good. olivia: why is dan wrong? david: i think that growth is weaker than we think that it is inflated by a lot of share buybacks and that u.s. companies are systematically failing to account for depreciation. you compare it to american company depreciation, capital investment debt is much lower than it looks so i think there is lot of bubbly manipulation and the underlying valuation and terms of the growth you are buying is not comparable to what you can get elsewhere. >> what is china need to do for equity markets? what kind of structural ref

. >> dan suzuki, first time on the network, welcome, good to have you on. >>> the battle for top trader heed up in our halftime portfolio challenge. trader joe, is buying three stocks no more cash? >> keep going. >> little cash? >> keep going. come on. >> stick around to find out what they are. and pete is seeing -- are you making any trades? >> i could make one. >>> hope you'll join us on "power lunch" top of the hour. home depot up 20% this year. walmart down about 20%. we'll take it apart and tell you where the street stands on each of those companies. get ready for el nino. why this year's could be one of the strongest ever. wall street's weather man tells us what the worrying weather pattern means for commodity prices. >>> and the end of the dreaded annual performance review. why it's now falling out of favor. with more and more companies. we take a look at why and what it means. back to scott and the team. >> we'll see you in about 20 minutes. mike was -- >> no, please. >> we're kibitzing. >> keeping it real. >> let's look at the loeshd in our halftime portfolio competition -- lea

we'll talk to dan suzuki of merrill lifrpbl. this morning, david goldman will join us. for years at bank of america. david goldman is adamant, manus that this is just as much about weakness that has to come. it is not just a dollar story. manus: of course the i.m.f. will have something to say about that and whether it gets into that special -- have a great show. sounds like it is action f-packed. tom keene with "surveillance." manus: let's get more on shire's $30 million bid. first of all, talk to us a little bit about what baxalta is. they make drugs that they can charge a people are mum for. >> shire brings a much bigger scale. not just from the perspective of cost selling but better selling. they get better pen operation and more countries they can work in and of course cost savings. baxalta has just become public although it has been around for many years. it does fit. anus: you got -- $45.23. are they going to have to pay more? >> they have to. apparently, baxalta management will not engage. apparently they had tried to eng

suzuki. it jumped in training on word that third point is taking a fund in the company. loeb.point is run by danfter going dark for five weeks, the greek stock market reopened and many investors wish it had not. athens stock exchange 2%.pped as much as 22%tra manufacturing shrank last month at a record pace. one of my favorite stories of the day, three german automakers are buying nokia's digital technology to help drive self driving cars. daimler will pay for equal shares of the company. this is really unprecedented for these three carmakers to work together. the deal is expected to close early next year. they will sell this to other companies and it can also track where you are anywhere on the globe within 10 centimeters. otherore precise than mapping software. erik: and i will point out that -- in any considering case, tom-tom is rising in amsterdam trading on word that it is weighing a sale, as well. matt: do people use apple maps? erik: some people who use apple phones, use apple maps. matt: i throw all of the apple stuff into a little folder called "apple crap" and then i use google and ot

shares of suzuki jumped today in tokyo on word that third point is taking a stake in the company. third point is run by billionaire dan low. his investment firm -- dan loeb . the companies accused one another of breaching a previous cooperation agreement. a clear sign that a joe biden residential bid may be more than just talk. a close aide to his late son is joining a political action committee, urging the vice president to run. the longtime democratic operative was a fundraiser for abiding in his 2008 white house run. few democrats have come forward to charles -- challenge hillary clinton but bernie sanders does not think biden would bring anything new to the table. >> i have known joe biden for many years but i think the american people, the middle class as it is disappearing massive wealth inequality, a campaign-finance system that is corrupt and owned by billionaires, want to go beyond conventional establishment politics. stephanie: the death of joe biden's son prompted an outpouring of support for the president. erik: the men who helped orchestrate the leverage of kohlberg kravis roberts has dried -- died. henry