wakeup call for a germany's banks a new player has just gone to a big name lender off the blue chip dax l. fers is up next with the details. and i'll see you again at the top of the hour. i've attempted going on a polar expedition. don't miss the story for john jay should johnson takes you along on a thrilling moonshining journey each week if you can stomach toniest and looking. over his story on instagram. being a fun beethoven. his work in the goddess fortunato. the mind straight and to. be told in the first twenty. goodbye come out spock and hello what a card as germany's second biggest lender is on ceremoniously kicked out of the blue chip index dot spine online upstart we ask is germany's economy too dependent on all suction business models. give me the money and quick as argentina goes by. going to the i.m.f. for more urgent emergency assistance the argentinean economy is just one step from the of business. is a state of your business as well come why a car the bavarian firm specialized in online payments is set to nudge germany's second biggest lender commands bank out of the blu

we thank peter oliver for that report and as he mentioned a few of the largest stocks traded on the dax there's a little more on those siemens a german technology engineering multinational started off the year here seventy dollars per share but is down to about sixty four dollars in trading today and buyer bear the drug maker and newish owner of troubled one santo which we've spoken about related to their weed killer problems has seen a decline as we might expect in stock prices this year especially following that ruling which awarded two hundred eighty nine million dollars to a plaintiff in california who said his cancer was caused by a month santo's weedkiller the stock went from just over thirty dollars in january to just above twenty two dollars in trading today and diameter agee which owns among other things british sadie's benz has faced some troubled times related to emissions scandal that expanded to other automakers outside of the first bolt swag and including done at the start of the year dime or stock was roughly eighty two dollars per share but it has dropped also to sixty s

s how does the dax look right now it's been affected by a ten point plus drop in the zandi w. indicator of economic sentiment well what that gives an indication of is the opinions of economic columnists sound of analysts of how they think things are going to pan out and it's not making good reading at the moment ten points plus down it is however better than the thirteen point drop that was predicted now this drop in the city w. it didn't affect the currency markets we see it we saw the dollar in the euro route trade relatively as they had before however it was the dax the took a hit and in fact any type of recovery of those numbers has been incredibly sluggish as germany's stock exchange is being slow to recover. and we thank peter oliver for that report and as he mentioned a few of the largest stocks traded on the dax there's a little more on those siemens a german technology engineering multinational started off the year here seventy dollars per share but is down to about sixty four dollars in trading today and buyer a bear the drug maker and newish owner of troubled one sa

germany's index of blue chip stocks comments bank has been on the dax since it was founded but it no longer meets the criteria it's been replaced by why a cod a new comer that makes payments of way also being revamped is the tech that is the index for the thirty largest tech stocks rules allow a company to be listed on both the dax and attacked x. . german chancellor angela merkel met carmakers on sunday to discuss additional measures to avoid large scale diesel vehicle bans in german cities the so-called diesel summit ended in conclusively they'll be more talks later this week in the meantime the automotive industry is finally starting to take the initiative of the i ate commercial vehicle show in hanover electric cars are taking center stage. this van could be something out of a science fiction novel the urban attic will be able to master the road without a human driver. trade's been run for governor he likes that. that's despite the fact that he's looking for something a little bit less futuristic. doesn't it so he's are just futuristic concepts we obviously need practical models

spank from the blue it chick stopped what to call it looks at cape jam a second biggest house of the dax we take a look at the rise and rise of playing tag outshining traditional electric. cars the coming up argentine adults is it time to leave the i.m.f. courting the fund for more cash quick managing director like gallup says progress is being made to expand the country's credit line. things have got out free in berlin glad you could join me why i caught a variance i'm specialized in online payments looks poised to knowledge german joint comments bank out of the blue chip dax index today is the latest sign of plucky fin techs out shining traditional lead why call it makes software for cashless and contact list payments the company started out processing called payments for gambling and pornography websites and now some of the biggest names in business and using it services but munich airport chinese travelers are known as an avid buyers of luxury goods just before departure. since recently they've also been able to pay with early pay or we chat chinese payment systems. this watch mercha

come out spunk out of the dax and it's showing that a german fin tech can grow like this and actually mature and convince investors the thing is though that a lot of people criticize the stock is really expensive it's it's exploded in the past months and the valuation is about sixty four times earnings that means that it's in the dax it'll be about twice as expensive in that relationship which is important to investors as the next most expensive share and that means that it has a lot of promises to fulfill a lot of expectations to meet in the next little while if it's to continue on that path it sure does but nevertheless the rise of fin tech is very evident at the moment are we talking about the end of the big end this is at the top. i think at the end of the big lenders know that come out strong c.e.o. martin siri can says himself that for him yes it's sad that the company is leaving the docks but not. changes for customers or their business or for the come out spanx role in servicing the german economy business and i think the same goes for the deutsche bank which is leaving the eu

the ftse 100 is up 0.10% the xetra dax is up 0.30%.cac 40 is up 0.25% in italy it's up 0.79% the stoxx 600 as a whole has turned positive. let's check on some currencies as well. we can see the euro is still trading slightly stronger against the u.s. dollar. the pound is bouncing back against the dollar it's stronger by a fifth of a percent. the dollar is weakening against the yen as well as the swiss franc by as much as a fifth or a quarter there of 1%. let's check in on the u.s. markets ahead of the open on the other side of the atlantic the s&p 500 looking to open very, very slightly higher the dow jones also now looking to open slightly higher. being called up more than 20 points the nasdaq as well looking to open higher, being called up 10 points that is it for today's program. i'm willem marx in london. "worldwide exchange" is coming up next. man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works

company toro 150 rate 180 company on the dax. what does it take to get the next step?n acceleration of growth. the nextom online stage would be all channels. a technology or cash company. we have 90% cash. we can charge growth by convergence of point-of-sale. and nontraditional channels. we think we have a tremendous curve before us. we have a growth opportunity. when hundred 80%. outperform what we achieved last year. when i think about point-of-sale, how much of done -- of that is done with cash? of the world, people use cash anymore. what are looking at globally? i would say cash still accounts for 80 to 85% of transactions. point-of-sale still over 90%. digital is seen as a growth driver but a large portion is still cash and point-of-sale. a lot of electronic processing at the point-of-sale. over 50% of transactions are electronic. it's what we call fully digital. you really have an into end system. of transactions are totally digital today. we like to see one day be 50%. where is growth going to come from? buying close, restaurants? let's say online dating, video

commerzbank will be removed from the dax on september 24.replaced by a payment provider. commerzbank was a founding member of the dax since the inception in 1988. that is your bloomberg business flash. >> thank you. lawmakers in the united states senate have raised the prospect of regulator social media platforms. the bosses of facebook and twitter testified russia use their networks to interfere in elections. >> russia use social media as part of a, i quote, comprehensive and multifaceted campaign to sow discord, undermine democratic institutions, and interfere in u.s. elections and those of our allies. we were too slow to spot this and too slow to act. >> we believe many people use twitter as a digital public square. they gather from all around the world to see what is happening and have a conversation about what the have seen. twitter cannot rightly serve as a public square it is constructed around the personal opinions of its makers. of alieve a key driver thriving public square is the fundamental human right of freedom of opinion and ex

the debts and we're friends in the dax and monkey community in which we've known each other for ages. it's more than just a customer and workshop relationship it's a friendship that is the four inch and at some point we started asking for our friends weights and measurements if everyone had taken part in the whole doorframe would have been covered in black for who. takes the fascination is the mechanics everything's in many formats but it ends up putting out lots of power. much i some people think we're a little nuts but it's just so much fun. it's a good conversation starter so that's why i drive a monkey. you can be waiting at a stoplight and i think chopper comes up the runner looks over the light turns green and your little thing takes off in the big bike in the dust and that's pretty funny. book is an expert at getting more ass of a monkey he can tease out another twenty most power making it a toy or even pick up always. does he go to school for that one time people were happy just to own a monkey or a honda tax venture a that generation reached the age where their midlife crisis

germany's index of blue chip stocks comet's bank has been in the dax since it was founded but it no longer beats the criteria it's being replaced by y. a cut a new comer that makes payment software also being revamped is the tech dax the index for the thirty largest tech stocks new rules allow a company to be listed on both the dax and the tech next. news ache from a piece called kismat especially commissioned by d.w. for the beethoven festival in vaughan it's an annual event and the composer's home town one of the many highlights of the festival is this campus concert where young musicians from different parts of the world come together to make music. and robin merrill from our culture desk is here for more on this now day to robin east meets west in bonn tell us about the i mean very much so every year the german youth orchestra gets with musicians of another country. and this year it's india there are other musicians involved as well and indeed five german percussionists went to india from a group called splash went to india to sort of learn indian musical styles from some of the

cheryl: dax in the red. green arrow in china as common period of new chinese tariffs expire. company company one company is looking to hire a company for the gig of a lifetime and pays big bucks, fbn:am continues right now. ♪ ♪ lauren: we are coming on 5:30 in the morning, good morning, i'm lauren simonetti. we get paid to work in paradise every day. cheryl: yeah, we do, right here at fox business. we celebrate every friday of the month, first friday of the month. lauren: payday. cheryl: job's friday, yesterday was payday. economists forecasting 1,991,000 jobs were actually added last month, that would be up from 157,000 in july, let's bring in pwc partner mitch rochel, hopefully you got paid this morning. >> i think i got paid a couple of days ago. cheryl: a lot of people are getting paid. 191,000 is the estimate. if we get the number or better what does that mean for federal reserve and interest hikes this year? >> that is the big question because if there's any kind of blow outnumber the the market can re

index for the thirty largest tech stocks new rules allow a company to be listed on both the dax and the tech that. germany's biggest lended largest bank also losing its position in the euro stocks fifty today and there's more bad news but it is with us as you can see here the frankfurt stock exchange. seems to have trouble preventing terrified of seeing a money go. he yes it does indeed and the german watchdog and financial watchdog has had it with the lender and is now sending someone to monitor progress in an unprecedented move it is sending audit firm k p m. to the bank to report on the progress of improving security and getting its house in order the problem seems to be lying in the process of identifying customers in the investment banking sector something that's usually done automatically automatically what's the problem how can doit should not know who it's customers up. yes. as i mentioned it's usually an automated process but the i t department document is notorious for being a mess former i.t. had actually called the company a dysfunctional. according to its standards usua

me just get to another point because this is a huge story in frankfurt way you major changes on the dax and on the u.s. stocks tell us about that. yes the big losers of today are behind me that's spying and deutsche bank bank just got kicked out of the euro stocks and x. and x. out of the. out of the dax being replaced by wire card a financial tech company that is specialized in mobile payments on my electronic payments sector which of course the. banks in germany have sort of slumbered through and there's even talks of mergers between these two giant german lenders in order to make them compete internationally again. but it's reporting from france thank you so much. and is a reminder all the top stories we're following for you. the winners of the might not be going to war have been announced often known as the alternative nobel prize the award acknowledges people offerings non-solutions to the root causes of global problems as well as those suffering for their beliefs. they're watching the news coming to live from berlin more coming up after the top of the hour see the best. just cooli

that peter all over told us about recently including bear which as been down to the dax has been down and bear has been down not just on the week not just on the year not just year over year but for the past five years guys bears been taking a tumble for a long time and by the way before we leave the euro zone we told you last time about the a talian budget proposal well it's come out and they have disregarded some of the euro zone leaders who wanted to reduce the budget and italy and the proposal is to in fact increase spending to keep pace with some of those campaign promises that were made and to cut taxes keeping the various coalitions in italy please but not a lot of those in the eurozone and brussels and markets are down four percent and the banking sector stocks in italy down six percent the big tumble there and finally before we leave over there the footsie one hundred based in london of course in the u.k. that is the move. to a western hemisphere we've got the brazilian bairstow the brazilian stock exchange up this week on their index and colombia is actually down on this wee

and it looks like, was bank is going to lose a seat on the dax later on today.ee these great charts by running gtb go. later today, matt miller will be speaking to the south african finance minister. that's coming up very shortly. be doing the first hour of surveillance and i will be doing the second hour with tom keene. we will be talking to this man, trade and other things. that's coming up. ♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. on the go and want to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours.

heat come out spunk germany's second biggest lender is said to be pushed out of the blue chip index dax by phin take start of wire cart a company which has only been around for less than twenty years now come out smart for its part was founded in eight hundred seventy and has been with the dax from the beginning its longevity is something it shares with most of the valuable german companies in the index take a look at the top five german companies on the decks by a market value they're hardly spring chickens most of them were founded in these nineteenth century with the exception of s.a.p.'s software provider for business now in the us most of the leading companies were founded in the past few decades and most are technology firms the outlier warren buffet's conglomerate berkshire hathaway founded in eight hundred thirty nine now it seems like in germany the tables are starting to turn with newbies like why are cars showing the old elite how it's done these days. but munich airport chinese travelers are known as an avid buyers of luxury goods just before departure. since recently they'v

wire card company which in a sign of the times has just replaced comet's bank in germany's benchmark dax index . cards commission for this purchase is one point six percent. methods like pay in which out of the chinese tourists and those who live here to use the usual payment systems here and that's a fast growing market this is. a mock and why a card is growing along with it becomes an employee's five thousand people these i.t. specialist to take orders are discussing their expansion plans for the u.s. . in a short while ago why a card acquired a transaction banking provider in india the boom in online retailing is boosting wildcards profits all over the world as retailers line up for the company's software solutions. i think we've always known very well that we need to move into markets which are expanding rapidly we have to offer solutions where the customers only need one partner and by focusing firmly on that approach then i think we've got a good point as to the direction we need to take. and in. online casinos also use wire card companies come in for some criticism for that becaus

heat come out spawn germany's second biggest lender is set to be pushed out of the blue chip index dax late of the day by fin tech startup wire card company which has only been around for less than twenty years now come out spawn for its part was founded in eight hundred seventy and has been with the dax from the beginning it's not its longevity is something it shares with the most valuable german companies in the index take a look at the top five german companies in the dax now by market value most of them were founded in the seventeenth century the exception being as a.p. a software provider for businesses now in the united states most of the leading companies were founded in the past few decades and most of them are tech firms the outlier of course being warren buffett's conglomerate berkshire hathaway founded in eighteen thirty nine thirty nine now it seems like in germany the tables are starting to turn with newbies like why are cards showing the old elite how it's done these days. but munich airport chinese travelers are known as avid buyers of luxury goods just before departure.

keep tabs on the waffle in dax overnight —— index. tabs on the waffle in dax overnight -- index.ight. don't forget, you can see the front pages of the papers online on the bbc news website. it's all there for you seven days a week at bbc.co.uk/papers. and if you miss the programme any evening you can watch it later on bbc iplayer. thank you, rob and natalie. from all of us, goodnight. good evening. losses for tonight. 0n the verge of a first grand tour title, simon yates climbs to a huge lead in the vuelta a espana. gloucester came back from being ten points down at half—time to win the west derby against bristol, 35—13. the bears, promoted at the end of last season were leading 13— three at the break. gloucester scored five tries in the second half, two from charlie sharples. 0spreys' unbeaten start to the season in the proi4 has come to a crushing end. they were beaten 49—13 by munster in limerick. 0spreys had won their opening two league matches but conceded seven tries to munster, including this one finished by wing darren sweetnam. meanwhile, edinburgh held on for their firs

the dax up a quarter of 1%. cac holding onto a two-point gain.is bloomberg. ♪ ♪ >> this is the european close on "bloomberg markets," let's see where we are finishing up. altering to the finish on the stoxx 600, majority in the green, down 1/10 of 1%. a good showing from the carmakers. you see that in the dax. up 2/10 of 1%, all gaining. good session. rallying a quarter of a percent led by the banks following the ecb decision and mario draghi reaffirming asset purchases will end i don't know the facts. the facts need to come out. that is the point i am trying to make. quacks i am curious of what you think about the increasingly .asty ads >> first, i legally cannot pac, and heper super pac, about anything they do or don't do. we are legally prohibited from discussing ads with super pac's. even the inner cc. secondly, i think you know me pretty well. i abhor identity politics. i do not think it is good for the country. i don't think is good for society. campaigns are most successfully run by talking about ideas can we had a good -- ideas. look at h

three thousand euros per car ok talking of costly a major change actually two major changes on the dax and the eurostar tell us about that. yes a major shuffle in stocks in both these indices and the losers here are german traditional banks here in frankfurt a bank has been kicked out of the europe stocks fifty the fifty the largest traded companies in europe and. germany's second biggest lender was kicked out of the docks today its first day out and the first day in four wire card a fin tech that has risen in the past months focused on electronic and mobile payments digital enterprise exactly the area were german traditional banks are losing out and haven't really caught up and rumors of mergers are now coming back up for those german. pakistan but it's from frankfurt thank you for the update. well the price of brant oil has hit a four year high and the spike comes a day off the members of opec the oil producing nations a group of all producing nations ruled out increasing output and that decision defies calls from the united states which fears that the sanctions three imposed on oil

the ftse, the dax and the cac. next. ftse down. dax and cac in the green.♪ xfinity mobile is a new wireless network designed to save you money. even when you've got serious binging to do. wherever your phone takes you, your wireless bill is about to cost a whole lot less. use less data with a network that has the most wifi hotspots where you need them and the best 4g lte everywhere else. saving you hundreds of dollars a year. and ask how you get xfinity mobile included with your internet. plus, get $300 back when you buy a new smartphone. xfinity mobile. it's simple. easy. awesome. click, call or visit a store today. ♪ vonnie: 11 a.m. in new york, 11 p.m. in hong kong. 30 minutes left in the trading day in europe. julie: this is the "european close," on "bloomberg markets,." ♪ vonnie: top stories from the bloomberg around the world. turkey's central-bank stuns markets by raising the benchmark rate. 24%, the lira is rallying on the news. big central-bank news from the european central bank, mario draghi says he is confident inflation will return to target le

a wake up call for germany's banks a new player has just bumped a big name lender off the blue chip dax el fers is up next with the details. and i'll see you again at the top of the hour. i've attempted going on and calorie expenditure. don't miss the story for john mccain should johnson takes you along on a thrilling and beneficially.

while you're there just tell us how the dax is doing today because it had a really bad week last week it lost what three percent. yes a bit more than three percent and today you know there was no big recovery trading was very wobbly again you know ben we have a lot of reserve bank activity on the agenda this week with the european central bank likely to talk about the ending of its asset purchase programs and also in emerging economies there's a lot happening the turkish reserve bank as well as the reserve bank in russia will likely decide on higher interest rates when all cyrus the governors of the reserve bank there will get together and you know talk about what how to deal with the high inflation and what to do after the huge slump of the peso all this is on investors' minds and it causes them to rather discuss those topics and discuss the risk that comes out of those countries and economies instead of you know investing and making right real investment decisions what we day for both financial markets and if we don't we think you can read. except for the british pound that is it su

down 0.10% italy down almost 0.5% in germany the xetra dax is down almost 1%. france is the lone outlier there. the cac 40 in paris. if we look at some of the currencies as well, the pound is trading very, very slightly stronger against the u.s. dollar the dollar very slightly down, weaker against the yen it seems to be trading flat against the swiss franc. if we look at the u.s. futures market ahead of the open, you can see all three of the major invices thesi indices there currently being called lower the dow and nasdaq all set to open slightly lower at this stage. sticking with the united states, top aids to president trump race to deny that they wrote an anonymous "new york times" opinion piece that criticized his leadership at least 11 senior officials including vice president mike pence, secretary of state mike m pompeo denied writing the article. the article blasted the president's decisions as reckless saying some are working to frustrate the president's plans. the president called the article treason and suggested the article came from critics upset fr

dax is interesting. let me take you through the end visual -- individual names. doing wellhe miners today. the cyclical stocks are doing even better because they have the pound in the mix, as well. glencore is trading up by 4.4%. , really kindstocks of picking up today despite the concern you would have thought around the trade story, we are seeing the market taking a reasonably positive tact on these. vw trading up by 0.7%. vonnie: all right, guy, thank you. we want to get to the special conversation before fed chairman jay powell's rate decision next week. tom keene joins us now. tom: it is always a special moment to speak to glenn hubbard of columbia business school. columbia has become far more visible. , wonderful to have you with us. i want to talk about your school, your criticism and acute comments on tariffs, but first any to talk to about the certitude of supply-side economics. you have always been a growth optimist. lawrence kudlow at the economic hub of new york made it very clear that we are on a path where growth will pay for these new $1 trillion d

wake up call for germany's banks a new player has just bumped some big named lenders off the blue chip dax we'll find out more. comprehensive story coming right up and just as. we speak different languages we fight for different things that's fine but we all speak up for freedom freedom of speech freedom of press. giving freedom for global news that matters. made for minds.

morning markets look like this, taking a cue from wall street, cac quarante down a fraction and the dax index in germany down a third of a percent. in asia overnight, the nikkei was a stand-out in japan, the others down across the board. sitting out the anthem oakland raiders running back not standing for national anthem during season opener last night, we have all the reaction. new colin kaepernick jersey goes on sale even though he's still without quarterback job not without controversy this morning. all the stories and joining know break it out lindsey bell with us this morning along with partner at pwc mitch roschelle and connell mcshane. >> hey, there, maria. maria: bitter-sweet day, we are still in mourning 17 years later. it's incredible that it's been 17 years, 9/11 i was down there, we all lost friends and family, how are you doing? >> it was a day that i think you will never forget where you were and what you were doing the whole day, i was actually in college at the university of pittsburgh so i wasn't in new york but i got back from class just at 9:00 and the second tower ha

. >>> other indices, xetra dax, cac 40 trading around the flat slightly weaker as far as the french are concerned ftse mib is up 1% in line with the bond yield moves that is on back of the finance minister's comments saying he is hoping to get a budget that will stick with that 2% deficit target for next year let's see how that pans out. switching to sectors, leadership is coming from the banking sector, up 0.6%. lots of stories there. danske bank, ing, we'll get into them utilities up 0.4%. ryanair posting good passenger numbers for august to the down side basic resources, telecoms down 0.6%. iliad announced it had lost some subscribers. and media is the most underperforming sector, about 0.7% >> one reason for that is wpp shares plummeted to the bottom of the stoxx 600 after the company cut its profit margin guidance however the world's largested a ver si advertiser revised the full-year outlook. the company's newly announced ceo mark read said the firm was successful at winning new business, and that he would set out a new strategy before the end of this year >>> up to $30 billion of

xetra dax down 0.7%.underperformer is cac 40 down 60 points ftse mib continues to stay in the green after a strong performance yesterday. switching to foreign exchange, we were just talking about the pound here again, it continues to trade on the back foot. today weaker to the tune of 0.3% euro weaker down as well that's telling the story of a stronger dollar that was also the theme in yesterday's session. let's switch and talk about u.s. futures. that strength in the u.s. dollar and the rise in interest rate yields bit into u.s. equity performance yesterday. a similar theme playing out today in line with asia and europe dow opening up about 100 points lower. s&p about 10 points lower. >> the big u.s. companies that bucked that trend was amazon which briefly joined the trillion mark yesterday. it crossed a high of $2,050 per share, that's the price necessary to top that record trillion dollar level. it is the second company to hit that valuation mark after apple took 38 years to reach that milestone. amaz

the dax is up half a percent the cac up a half percent.he ftse 100 is up by a quarter of a percent joining me now is dan isades ca. and we will talk about trade not having quite an effect on the market as we thought it would. there's a question now what is priced in the market so what is priced in the market. it seems like another round of tariffs, the market would go somewhat lower we saw the initial reaction, y now the markets are higher again. >> it's a 10% tariff and it's unclear when the tariffs would go into place as well. i think this is part of the gamesmanship this administration is playing with the chinese. i think the chinese view the trump administration as weakened now. you're close to midterm elections. i think this is a way for the administration to be in front of it the view that the chinese might have is that they're in a better position to deal with trump after the election because they think he will be, you know, hurt by midterm returns >> is your focus then as an investor on the trade talks directly, at face value? or i

it's up more than 0.4% the dax also up 0.80%. and the ftse mib is performing strongly compared to the start of the trading day it's up 0.91%. let's check in on the sectors driving some of those indices. all of the major sectors in europe are trading higher. autos is up 1.35 basic resources also performing positively one of the big stories is one of my u.s. colleagues from cnbc is reporting that comcast expects that 21st century fox and disney will raise their bid for sky as part of the auction process that starts today julia has more so the u.s. competition markets authority will run this auction. how is it going to work? >> yes so the uk takeover panel will be administering this auction set to kick off today at 5:00 p.m. it will run the course of one day concluding tomorrow evening, september 22nd the auction will be composed of three separate rounds, should it require all three. all offers must be in sterling let's look at what the three rounds will look like. in the first round, fox has the opportunity to come in with a higher

take a look at the action live right here ftse up a fraction, cac quarante in paris up 22 points and dax index in germany up 52 points, almost 1 half of 1% higher. in asia overnight here is the close, mostly higher session, best performer was the kospi in korea up 1 and a half percent. developing story that morning in massachusetts, dozens of homes bursting into flames, likely result of gas explosion, all the stories coming up this friday morning and joining me to break it all down fox business network dagen mcdowell, hill columnist liz peek and 32 adviser former economic adviser to president obama robert wolf joining us this morning, good to see you. >> good to see you. maria: welcome. >> good morning. happy to be here. maria: we are here an hour earlier because we are seeing dif station all across north carolina and south carolina. dagen:ly quote our meteorologist at fox janice dean that this is a water event that will last not hours but potentially days and we are looking at rainfall totals that could rival what we saw with hurricane harvey which by the way is the second costly hurric

some of those numbers, the major indices, the ftse 100 is down more than a tenth of percent the xetra dax performing well. the cac 40 is up two-thirds of a percent. the ftse mib is up around a third of a percent if we look at the sectors, there are some problems with retail once again down around a fifth of a percent bad numbers out of some of the major european retailers autos, despite that escalation of a trade war once again, autos performing well, up 1.6 11% that's a surprising set of consequences i want to bring updates from the european commission where they say collusion may have denied consumers the opportunity to buy less polluting cars. this despite technology being available. this is in the wake of several years of investigations into companies like volkswagen. on tuesday the european commission opened formal investigations into whether bmw, daimler and volkswagen had colluded to develop clean emission technology. >>> president trump announced tariffs on 2$200 billion worth o chinese imports. 10% on around 6,000 different products the tariffs will rise to 25% at the start of ne

you can see the xetra dax is in the red down .1 of 1%. saying the same about the flat line similar in paris, cac carant trading flatly they're having a 'tiff impact there. the ftse mib is up 1 other currency there besides cable, you can see the euro is trading .10 of a percent against the dollar the dollar is a little bit weaker against the japanese yen and the dollar seemingly stronger let's check in on the futures for those three major indices there. the s&p 500, dow jones and nasdaq all being called slightly higher at the open dow jones looking to open up more than 97.5 at this stage of the morning. now president trump has warned that he could level tariffs against almost all chinese imports. he was speaking to reporters on air force one, his personal plane. he threatened duties on $257 billion worth of goods and added that he's ready to roll out even more restrictions with very little notice. speaking to cnbc's economic white house advisor, he said china has not yet met washington's demands on trade. he offered an olive branch and sai