expectation was for 94.9. so above expectations, the composite business came in at 89.3 versus 86.9 last month. the ftse mib would bounce back has moved to session highs following that data. 1.5% in the green. >> twitter's third quarter werings met analyst expectations, but the stock still fell sharply in after hours trade. the social media giant issued disappointing guidance and reported a 7% slide in user engagement. they played down fears over engagement growth. >> we believe that the interest that is measured by what people are coming to twitter to consume and the kinds of things they're engaging with give a specific view of what is that user is interested in and that's a highly targetble and advertiser friendly view. we like the way it's been growing. we like the engagement rates we're getting. >> let's give you a look at what to expect this trading day. it's a but busy day for the economics earnings. durable goods report out at 8:30 eastern time. at 10:00 a.m., we get october consumer confidence number.

expect to be strong. you're seeing a very good employment situation which is now finally beginning to feed into better wages growth. again, as i said before, the s&p 500 and the u.s. large cap is not the u.s. economy. >> let's take a look at the u.s. markets in terms of where we're seeing the weakness. the russell 20 00 continues to underperform its trading and correction territory. but i'm having a hard time understanding why we continue to see this index weaken when the u.s. economy and u.s. economic data continues to come in better than expected. the small cap index is apprised of more domestically oriented names. these are the names that should perhaps be moving higher, no? >> logic. i think why you've seen this perform so far this year is investors have become so much more risk averse. because of that, they stepped back and wanted to earn the security of larger countries. i thought the move yesterday was very important. the russell 2000 is only down 40 basis points compared to 160 in the s&p 500. and

, german pmi stronger than expected and eurozone pmi stronger than expected. that positive news out of germany and the eurozone as a whole has been correlated as the market moved. the stoxx 50 up 0.75%. let's look at individual european markets. as i touched on just now, we did have negative moves earlier in the dax and the cac. both are up now close to 0.75%. so quite a big turn around over the last half an hour. markets moving sharply off the back of those pmi datas which were stronger than expected. the ftse 100 is a relative laggard across the region. i it's weighed down heavily by tesco. it's flat so far overall. italy up 0.6%. let's drive in to some of the top stocks. shares of nova design up 6.85%. unileaver is down 2.35%. shares trading down to the downside after the group reported in a weaker than expected 2.1% rise in sales. daimler was basically flat. it was a little lower earlier. publicis off 2.44%. stephane will be joining us during the next half an hour to discuss that specifically. let's look at bonds. bond yields in the u.s., 2.23%. the story

we got the german data weaker than expected.germany responding negatively to that 30 points on the day. italy showing a drop around 220 points by around 1.1%. wilfred? >>> well, let's give you the rundown of what to watch this trading day. the september read of pending sales is out at 10:00 a.m. eastern time following a previous gape. we also get october's data fed survey. a jam-packed day for earnings with major companies set to record. look at the results of merck, allergan and amgen as well as buffalo wild wings. >>> and the failed ecb stress tests exposed a 25 capital shortfall among the bank that is failed. the biggest capital shortfall was 2.1 billion euros. as you can see that's up 17.5%. by far the biggest faller from these results for bmps. even with a rise in 2.76% for commerz bank. and soc gen is down while major banks fared well. one to mention is lloyds bank that narrowly passed the test today down 2.2%. now annetta is back to join us from frankfurt with more on the stress tests. >> reporter: thank you very much. we

what are you expecting today? >> well, what i'm speccing is them to announce some curtailment of capital plans. i think that's the low hanging flute. i think that's what royal dutch shell cfo hinted at. that was appear area they were looking at cutting back. they have plans to eventually divest of $15 billion in assets by the end of next year. >> john, let's talk about that capital control that seema just mentioned. one of the big companies that hasn't been doing it as much as the others is chevron. do you expect that that is going to hurt its share price in this world of fiscal consolidation? >> yes, i do, actually. they're the lowest of the majors. they're spending a lot of money on lss & projects particularly out of australia. they have vemths room in order to meet some of their targets. they've talked those targets down, but still, it will be an issue and they typically trade at a premium. >> john, thanks so much for joining us, stephenson and company capital asset management. >> as we head to a break, take a

jujitsu move can we expect?jakarta he was pretty good at navigating the opposition that he faced in his local councils but the national parliament is a totally different ballgame. it's not clear that he has the political wherewithal to be able to get that done. the opposition is going after him hard. they are not compromising were trying to do deals with jokowi like they have in years past. it is a new phase for indonesian democracy and it's not clear that he knows how to or he is able given the constraints in his own political party who do not want him to compromise with the opposition parties. will be clear jokowi able to get the deals done. >> i want to ask you quickly before i let you go about indonesia's religious undertones here. it is still a secular state that more and more we are hearing state, a islamist caliphate, this versioning trend , really young, able for a lot of people that is raising its issues on a national stage. indonesia's done a really good job dealing with its terrorism problem. it has a

the expectation must the that they expect a significant recovery.ur own feeling is that there is going to be a lot of challenges and crosscurrents facing the u.s. economy in that time. a delay, or at least a postponement in the pace at which the fed chooses to hike. >> what might those challenges and crosscurrents be? >> number one, we have some challenges with regard to global growth, that it is going to be a real question as to whether the u.s. can stay outside of the gravitational pull of some of these slow down that we see elsewhere in the world. >> since the first round of asset purchases six years ago, the balance sheet has skyrocketed. how much longer can the fed maintain multitrillion dollar portfolio? what do your treasury strategist think this means for yields? >> the fed has no intention to sell the assets that it has purchased. we do not anticipate there will be significant reduction in the overall size of the fed balance sheet for the foreseeable future. as for the active treasury yields, there are numbers of versus -- forces at work th

third quarter profits were in line with expectations, the company added fewer than expected subscribers. hbo plans to launch a stand alone streaming service next year. julia boorstin discusses the disappointing growth. >> we get addicted sometimes to beating our own numbers. for the last three quarters, we underestimated our growth and overperformed. this quarter, it was the other side. we estimated too high and we came in below that. >> you can see more of julia's exclusive interview with reed hastings today. right now, netflix down 19% in frankfurt. indeed, a big mover. >> it's great to have you back again. structurally, such an interesting area. but in the shorter term, so much competition coming up. these results, quite a negative supply. >> that's right. we've been negative on netflix for a while because this company is turning from the hunter to the hunted. when netflix came along, it offered -- about five years ago, it offered unlimited streaming on its own technology platform built by roku. that was totally unique. nobody else did it. now it has competition in every field. so it

they're expecting their third child. now you see me to but she pulled out of the film to focus of her pregnancy. fisher and: married in paris in 2010 they have two daughters together. the mother of to mr. say about acting her age. former flame divvied seem to agree. he waited on the video. the twilight fell masada is making a comeback. he stated that was facebook to create five short films kristin. store along with the series' author will select several expiring female directors to take on the many phone project. no details on the characters with that will air exclusively on facebook. <

what are we expecting, seema? >> interestingly enough, s&p capital iq says on average, the q4, fourth quarter, is generally positive for the markets, averaging a gain of around 3.8%. right now, in q4, you can see arrows pointing to the upside. the s&p 500 implied open about 1 point. dow jones up 19. nasdaq up around 2 points. nasdaq gaining around 2% in the third quarter. it was the small cap index that lost ground losing about 7%. for the cnbc global 300, a good gauge of stocks around the world. basically looking flat at the moment. coming down off its highs about five points on the day. diving into the specific european markets, ahead of that ecb meeting, a lot of focus on what mario draghi will do. the euro has been weakening about 2.5%. that's the lowest in two years. we have been seeing notable movements in the german market. this in reaction to the contraction and manufacturing activity in germany. does this give mario draghi one more reason to unveil some type of dramatic measure tomorrow at the ecb meeting

growth. 3% is what we expect to see for gdp for the third quarter. it is consumption that is looking good. exports, equipment investment. eurozone consumer confidence or lack thereof, we are expecting it to come in at -11.1. it did improve versus october. a little more cash in the wallet. we see disinflation starting potentially to intensify. still a little more flush with cash. meanwhile, german unemployment is one to look out for. let's look at some of these stocks that are potentially on the move. up 1.7%. currently profits went up 15%. many thought profit would fall. the powerhouse that is personal and corporate banking and barclaycard, those areas of business helping offset what anthony jenkins called a disappointing quarter for investment banking. if you are looking at investment banking numbers, less advisory, less debt underwriting. even though we saw so many initial share sales across the board. investment banking is ugly at barclays. but remember, they are transforming the business. it is all about other areas of growth. we will dig deep on

profits that operating are expected to plunge and sales are expected to fall.the estimates are right, those of be the biggest declines in almost five years. the second consecutive learning will decline and we expect those numbers to be out tomorrow. >> what is behind the disappointing performance here? is it apple? is it china? >> it is all together. and the golden days seem to be over. you have a manufacturer in china that is starting to sell more. mobile is starting to cut $2 billion of smartphone subsidies. customers will have to pay almost double. market isnd controlled by apple. , those are starting to be a competition that used to have a competitive edge. what does it take for them to regain some ground? analysts are saying that they and to see a neustar innovation could be the savior. >> thank you so much. let's take a look at other stories we are following. let's take a look at how they are trading. we have a drop in net income and they say the discount strategy failed to stimulate sales as much as expected. they plan to buy shares and sprint is cutting

that was better than expected for china. the labor market helping offset that slowdown in the housing market. what about europe, the u.s.? we have french numbers breaking now. down across the board. we have france off by 0.5%, ftse off by more than 0.5% as well. france, you will see it falling to 47.3. contraction in france. we are expecting manufacturing to contract in germany as well. we are expecting the eurozone to see the first contraction in manufacturing for more than a year. in the united states, it is all rosy. plenty of growth in u.s. manufacturing. let's have a look at how the fx markets are doing. the new zealand dollar is trading lower, falling the most in three weeks. inflation at the bottom end of their target range. on the up, it is the dollar. pimco and big investing groups are saying it is a no-brainer, by the dollar. they say everyone is going to be buying u.s. treasuries. if you are an international investor, the only security is the u.s. treasury. they are getting out of italy, getting out of spain, gett

friday we expect a tryout. and for the big marathon weekend temperatures warm up a bit highs in the mid- 60s chance of showers as the get into next week. my parents didn't buy me a telescopes all had to make my own. >> that's why you are a meteorologist. i would rather be an astronomer because no one gets mad at me when the weather is bad. >> no milkshakes get thrown at you? save me erin. >> and just watching it. you have the lunar eclipse and i don't know what else we can throw out there for you. i don't think that guy could get any more excited. >> i have to get to mars somehow. it's a one-way trip but i am going. >> too excited this morning. let's take a look of the roads. we do have some traffic already on the kennedy outbound. to left lanes blocked until 5:00. is slow, but there. in bound, work at cumberland liens on the right there will be picked up to about 45 minutes. good news is that volume is light. no big backups there. the to look through this. >> coming up, details on the latest flare in the nfl a

their expectations are too low.lso for 2015, this has been one of their specific points of interest over the last couple of weeks is to note that we think if there's going to be another reasonable side step up in the market for next year, they will be the biggest beneficiary of that. can they create more value on the capital deployment? this includes capital spending, m&a and share of pure chase. this is all, i think, more or less being ignored. so we think there's still very significant value creation opportunity in igilead. >> thank you so much, we will leave it there. thanks. >>> sterling is set to announce quarter results before the opening results. they have beaten specations four quarters in a row surprising to the up side by almost 20% in the second quarter. phil lebeau joins us on the phone with chicago with what's spec'd from the numbers. >> wilfred, it's hard to call any quarter an ordinary or clean quarter. but that's i think what we're looking at with boeing. it should be a relatively clean quarter. we a

what are you expecting?f it's a strong jobs report, is it right to think the fed will raise rates sooner than expected? >> well, we expect a stronger number than forecast. we're looking for about 245,000 nut me jobs. >> september. virtually all of those in the private sector. we also think if there's going to be an upward revision to the august number which really was an anomaly of what was going on, it was almost inconsistent with virtually every other indicator that we had. how the fed receives the number, i think, is a little bit more difficult to discern these days. we've got this confusion of all the indicators that they're using. overall, i think the fed, if we get good numbers today, will not change course. what they've said is, they're going to take it a month at a time. they still would look for a trend, what is the three-month average doing. what is going on with labor force participation? >> notwithstanding last month's print, what do you think has been driving the strength so far? is it public si

market expecting negative 0.1%..forecast uber it looks like they're pushing out the first rate hike. >> it depends when you bought, really. >> i'm happy with it. " surveillancemiracle ove with tom keene." >> a lot of moving on the market, and of course all of north america looking to ottawa canada, and what we saw yesterday. amazing francine to see the drama in pittsburgh last night. the hockey game between the pittsburgh penguins and the philadelphia flyers. at a moment, all singing o, canada. we witnessed touch about that on "surveillance." michelle meyer were join us. the american economy and american housing with the global slowdown. you saw those united kingdom retail sales. dge will join us from black rock. much more investment oriented. what do you do now as you being to -- begin to look to 2015. we will look at the russian ruble with -- some real movement in the currency market with sterling. the ruble off to new weakness with those ukrainian elections coming up. >> i love the story about the hollywoodo goin

that's on the lighter end of expect ages. non gap capital expenditures will grow between 50% and 70% in 2015. and facebook will invest in new employees, ad growth technology and the ceo mark zuckerberg said facebook is both a community for users and a plat for form for marketers. he also talked about wanting to grow facebook beyond the social network to be the infrastructure for the mobile webb. >>> over the next few years, our goal is to make facebook the platform that allows developers to build and monetize their apps across every major platform. >> they're playing it very slowly and carefully. there are significant opportunities. back over to you. >>> and let's discuss facebook further with max well, chief economist at manhattan ventures. this is much better than what some of its peers like twitter are reporting. >> thanks for having me. always a pleasure to join you. i think what we have here is the perfect enemy of the good and the bulls have been firmly in charge here. 60% up year-to-date who have banished and came back

it didn't meet expectations. citigroup shares met expectations and shares heading higher. of worries about the global economy and airline stocks hit hard yesterday on the continuing ebola scare. those airlines are recovering this morning. so is the market in the early going. we'll see if we can snap this losing streak. let's check the big board and see how we're doing. so far the dow is up over 100 points in the early going. the nasdaq is gaining 45. and the s&p is moving higher by 15 points. it's rebounding in the tech sector which has been hit particularly hard in the past three sessions. frank and michelle, back to you. >> jason brooks from kcbs news, thank you. >>> colin kaepernick led the 49ers victory on monday night football on a game shown here on kpix 5 beating the rams. after the win he pulled an end run around an nfl policy. look what's around his neck? beats by dre headphones. this looks like he taped over the logo though. last week the nfl fined him for wearing the same headphones. that's because the league has a sponsorship deal with rival bose. there they ar

it is a drag on previous expectations. chinese growth is expected to slow as they address vulnerabilities and structural constraints. >> no doubt. we are familiar with the challenges here. central banks cited complications. what are they saying? statementa bit of a that was bland and it is a holiday so maybe, people are not putting much into it. i am speculating. we had a statement about the statements and they say they see stability in the economy even if they say there are complications. there are some of the points that were mentioned in the downgraded and a virgin. in monetary policy goes different directions. that includes monetary easing and difficulties in a emerging economies. remain in ay andonable range right now financial operations our study. prices and inflation are basically stable. the central bank says they will continue the prudent monetary policy and use appropriate liquidity to realize reasonable withh and credit financing. some have called for a rate cut to stimulate growth. they say they will remain pr

saturday they expect the rainfall.and west through the lehigh valley with the trick or treaters right now. 51 in allen twen, 54 in reading. upper 40s for pottstown and westchester. much of south jersey and delaware staying at about the low 50s. mid-50s in stone harbor. q)e across the delaware river. looking at the ben franklin bridge, we still have the overcast skies. no rain, though, just yet. these clouds will hang around overnight. many of them here with us tomorrow, too. the rain starts to move in to start off your weekend. on satellite radar, we locally are dry. we just had the clouds. not too far to the west and northwest, we have snowfall here, which shows you how cold the air mass is, eventually this air mass, not the snow but the cold air from it will make it in. the rain to our west should be staying to our west. it's the rain offshore in the atlantic that you see forming that rain will be moving in as we go into saturday. it will come in with the colder temperatures to our north and west. here's a look at fu

and we are expected to see the tail end of that at 3:30 p.m. it's 10:30 now. this is when we are expecting to see most of the activity taking place. we are seeing many of the roads are blocked in that area. a lot of trees being uprooted, telecommunication lines are also very unpredictable and local authorities have taken the move to cut off electricity themselves in efforts to avoid accidents. this is not as large a cyclone as we saw last year. we expect to see wind speeds of 190 k/hr. that is still a very severe psych lonic storm. and evacuations are very - have been very much under way over the last few days. >> the east coast is often hit by cyclones. >> how prepared are authorities for cyclone hudhud. >> they have had practice as i mentioned. a year ago, cyclone pylin hit the same area. at that time there was a lot of preparedness, the loss of life minimal. there was dank to crops and people's lily hoods. that's the fear now. i spoke to the national disaster response force a few minutes ago, and they have evacuated 80,000 people. the local

expectations have been declining. are starting to see some positive news on the growth side of things. someis potentially where of the fiscal stimulus packages might help. haven't got their credibility back in terms of making sure they stop that downward spin. tradingome up with strategy so you can help us here. treasury yields, it was thought we would get higher yields and lower u.s. stocks. go higher in the u.s. from here considering everything going on globally? >> so far, growth suggests they are far too low, yields. you have nominal gdp expectations ranging between 4% and 5% and yet you have got the two year yield -- sorry, the 10 year yield at 4.2. they are still very low. so either the growth assumptions need to come down to meet the reality, or the bond markets are not putting enough faith in the growth recovery in the u.s. if either of those two converge, it is going to be bad. the best case scenario for equities in the u.s. is that you get yields going up because growth is strong and that is enough to keep e

. >> i agree that that comment supervisor kim i don't expect this was a long-term. >> how long. >> i'm going to defer to our acting director. >> we'll hear from the acting director then. >> one of the reasons there's a potential life safety impact of pedestrians the work needs to take place at night when the situations can be closed traffic and muni impacts are the other reasons for the xhauflz and factors we consider are exterior maenl panel that's the panel that goes on 7 exterior part of the building where the pedestrians maybe users the above area to cross and crane delivery raising and flooring and removal of portions of a crane is also something that is allowed to happen at night we very allow the permits for those reasons. >> can i ask a question so dpw said they have strict days so 5 days for emergency repair and thirty days for capital improvements when does this letter expected by the contractor. >> i'm coming up to that on the next slide and i apologize so and process for submittal and approval of those night noise permits this is a request by e-mail and happens 72 hours but

that matched expectations. revenue more than doubled last quarter, slightly beating expectations but shares were sharply lower in late trading on concerns about slowing user growth. and a softer fourth quarter sales target. look at that falloff after hours. julia boorstin spoke with twitter's ceo after the numbers came out. >> twitter's revenue beat projections but the stock dropped after hour hs as its earnings per share came right in line with expectations. investors were hoping for an up side surprise. the ceo weighed in in our exclusive interview saying the company's user growth is actually larger than it appears. >> in the last quarter we reached our mobile profiles experience. and those new mobile profiles have dramatically increased the number of views, the number of engagements and the number of specifically of media content views on those profile experiences, so we like a lot the strategy we've got to grow that audience. >> as to questions of whether twitter can rev up its user growth, he says he belie

back ourtting expectations.e supply side, in 1986, we had a new player on the scene that went from zero to 6 million barrels in a few years, the north sea. in 2014, we have a new old player, the u.s.. much has gone from 5 million 9 millionday to barrels a day. there are other suppliers coming into the market. as in 1986, in 2014, we have lots of supply and very sluggish demand. prices can only go one way. >> we were talking to pemex. the boss was telling us -- area that there is a lot of information about the resources. beis probable there will more appraisal and they will find they have more resources. it is a long way from where we are now. i asked a question about shale in the states. the russians seem to think breakeven is around 80. >> that is not accurate. back in 1986, everybody thought a collapse in oil price with me bet north sea products would taken off the market because costs were too high. what people are overlooking is that in the u.s. in 2014 all the land was bought years ago. the appraisals were

nice comfortable weather expected for the world series game. first pitch expect clear skies. by the fifth inning temperatures fall back but clear skies are expected through the end of the game. let's fast forward and talk about our next chance of rain. this is thursday into friday. thursday morning showers to our north. as we head through the day on thursday clouds expected to drift in. look at friday morning. heavy showers to our north. this shower activity is expected to roll through friday evening. look at the time on this. friday, 7:00 right when you're getting ready to take the kids out to celebrate and do some trick or treating. heavy rain expected to move through. this will be something we watch very closely. i know you all are having plans. going to get out and do some trick or treating. by friday we still get our next chance of showers. until then it will remain fall like with temperatures in the 70s in san jose. 60s in san francisco with the rain returning by friday. if you have plans for halloween, you may need a plan b indoors. >> very good. good to know, anthony.

expected. >> yeah. earlier in the year we closed the gap. we had wage inflation finally, finally meeting the crest of what you pay for your fuel, what you pay for your toe mateos in the grocery shop. and that's the point is that in the uk, what do you want? you give a little, you get a little. and what the government would tell you is that their plan has been working because essentially it's more important to have people in employment on very suppressed wages than to have unemployment. the problem for the bank of england, of course, is how do you justify keeping interest rates at this emergency level low when you have this very, very high employment rate and getting close to the kind of full employment rate that we saw before the precrisis. so you've got that conflicting data. so that's the difficulty. low inflation so no inflationary pressure in terms of cpi, but you have falling unemployment. and you've got great grades, as well. >> lowest unemployment rate since 2008. that came in higher than expecte

elsewhere expect a good mix of sun and clouds. have additional chances of rain over the weekend and even into next week. we detail the rain, the time line when tnl. >> more folks joining you throughout oakland. bay bridge. >> here's a look at the top stories. a south bay summer camp counselor accused of unprchb he often worked at a ymcas a a teacher's aid. >> organizations in imaging bringing employees from china and paying them low wages. >> about 3,100 students, half athletes, took part in lecture classes that never met over the years. just the entire class wrote one paper and a large number of those papers were plagiarized. student athletes say they were pushed into these classes by their adviser to remain eligible to play. >> and investigators looking into whether japanese manufacture are takata sold defective air bags. those air bags could potentially rupture and spray metal shrapnel. we have a list of all vehicles affected on our web site. >> some bank of america customers are getting cash back just now. they are working to

arm expects sales to grow. arm are pretty bullish about their outlook all to do with the sales of iphones. >> this is a company that designs chips for chip makers. the chip makers then put their own chip with this technology in their computers, especially smart phones. they have 95% of the smart phone market. ne way they make money is from royals from the chip makers companies use their technology. growth of the revenues is actually slowing. it is 9% for this quarter. opposed to 13% a year ago and 15%, which is where the company says they really should be and where they are expected to be in the second half of the year. the good news for investors was they think it is going to accelerate and the reason for that is, you know, basically smart phones in the first half of the year did very poorly, particularly in the developed world because everybody already had one in the emerging markets. they got -- that's where you didn't have the acceleration but they went for the cheaper ones. now you have 4 g rolled out acro

missed expectations in the quarter. guidance slowing down because of a pricing pressure and it looks like the market is naturally pleased with the report of other extensions which will be brought under the ceo. reportedly been the body is trying to be replaced this morning. >>> ubs shares are up 2.9% higher. they rallied around the session with 2.3. now let's move on. still to come on the show, is the bank of england setting out her -- as a dove? we'll dig into the latest comments after the break. gentlem >>> these are the top stories trending on cnbc.com. don't count us out yet, that is from the apple ceo skully. more on the story, log on to cnbc.com. and is it really still a man's world? according to the world economic forum, new gender gap survey, women may not achieve a full equality until 2095. brazil election celebration could be short lived. find the story on cnbc.com. follow us on twitter, @cnbcworld. bank of england deputy governor can shrug a dovish concern in an interview saying there was no significant evide

people were expecting 90. it did add more wireless customers than expected.but a large cap company to pay attention to. >> yeah. what did that say there? 50 cents? >> down slightly. we're going to continue to talk about verizon -- thank you, dom. we're going to break down veriz verizon's latest quarter. mike, going through some of these numbers it is a miss but you've got to be happy on the revenues side. >> parts are a good miss. they've got stronger editions and higher quality. so looking at subscribers at 457 versus us in the street around 378. and the handset not being the o'er priced per month tablets. the weakness i'd say to some degree on the top line is more on wire lines. seeing weakness in both enterprise and small business. >> you know, one of the things you just mentioned, tablets. we heard yesterday from tim cook, apple not selling as many tablets. yet verizon giving credit to the tag let -- market. the idea is to get those tablets, take them on the streets and get video and get higher data usage. verizon has been aggressive with the $10 per mont

any minute expecting that shower activity. and temperatures, my friends, are going to be on the cool side. so bring that coat, bring that umbrella. we'll track that activity for you all through lunchtime today. >> sometimes these wearing a hoodie or a cap and everybody is jealous. >> not jealous in some spots. chr kris is metering for everybody. 880 standard as well. the dublin interchange, that's going to be lighter for west 580 and 680 but coming into the area, unusual, danville, alamo, a crash blocking four lanes possibly until 8:00. a couple overturned vehicles. that's a big jam. you can use san ramone to get past part of that access. west 92 looking smoother than it was a couple of minutes ago. it's starting to get heavier on the peninsula. you have a lot of company on the palo alto as well. we're starting to see that build all over the place. >> well, check your tickets. a very lucky south bay shopper is holding a fantasy 5 ticket worth more than $200,000. >> that should get you a few world series tickets. >> the lottery

much higher than expected. exports in september rising 16.3%. we were expecting a 12% rise.s month in august, it was 9.4%. 15.3%. significantly higher. imports also a surprise, uptick 7%. that's the most since february. might add the export size, 15.3%, the biggest gain in exports we've seen since february of 2013. it leaves the trade balance lower than what we were expecting. $41 billion u.s. this comes after the previous month of nearly 50 billion but the top line has to be exports higher than expected. the most since february of 2013. imports up 7%, the most since february of 2013. imports we were expecting, the consensus estimates was for a 2% fall in imports, so imports up 7% so something is going right internally. people are importing more raw materials, if you like. exports, that paints a better picture for the ect port scenario overseas, perhaps in countries like the united states. >> thanks for that. steve there in beijing. i guess this normally plays out when it comes to the aussie dollar. >> 7.29. we are still seeing gains there that is more of a muted reaction. s

saying it expects the world to only grow 3.3% this year and 3.8% next year. the reason -- political risk from the middle east and russia, a weaker european economy and risks of a storm brewing and what the imf calls complacent financial markets. >> i don't think that we are at the bubble stage or anything like this, but there are some markets which i think are a bit too optimistic. i think we're going to see some exit from the u.s. i think it has been explained as well as it could by the fed but it's still going to come with some bumps. we're going to get moments where the market is a bit worried. and once in a while we're going to get numbers like these ones which are going to make people think that the future is not quite as brought as they thought. >> reporter: but there is a bright spot, the united states. imt says the u.s. will grow faster than previously predicted and should hold up well in a world fraught with risk. >> we think it's resilient. we think it's a recovery which is not running but maybe walking on all four legs. we see the housing market st

what economists were expecting.ng is retail sales gradually recovering. >> this is a five year chart for the viewer. we begin today. you can see a bit of a shift. >> correct. the declines were implemented and you will notice the red signifying declines in spending and the green indicates a sequential increase. in the month of august, we saw a bit of an uptake in the declines. retailers are sent to recover. every single one is a sequential downturn. >> there are a lot of people and itg up on cigarettes took a month or two to work through the supply. differenttes are a purchase for different financial reasons. where they stocking up on cars? >> more so. these are big. hike, autoe tax sales were up. now, some of the demand has been shifted forward. sales of been down about 3% and -- maytinue to do drop continue to drop. on the about the impact yen? atm what i have been looking , overseas sales are doing pretty well. >> it does. the yen was kind of flat for a while. over the last month, the yen has depreciated. if you l

revenue came in better than expected and about 8% higher than a year ago. intel's chief financial officer stacey smith said there were several factors for the results. >> we're benefitting from a couple of things here. we have great technology that is coming into the pc segment, growth at the high end, lower priced systems are bringing back share from tablets. and we're starting to participate in a wider range of devices. and then our data center business is benefitting from growth with all the clients connecting to the internet. >> intel shares got an initial bump higher in late-day trading, morgan brennan has more, morgan you know our question, what is the one take-away you see from intel's earnings? >> yes, a good question, the investors were really watching intel's numbers very closely, because not only does it kick off numbers for the sector, intel is the biggest chip maker in the world. in the past week we've seen a dramatic selloff in the chip stocks after another semiconductor company, micro chip warned about the collection coming from the entire in

cooler temperatures expected. we'll talk about that coming up. >> and if you are traveling around san francisco's south of market, just a couple more days howard street closed between 3rd and 4th streets. so expect traffic tie-ups around oracle openworld. a full look at the rest of your bay area ride to work is after this break. ,, ,,,,,,,,,, ♪(themstan! ! !om cheers) hey guys! stan the man! hey, how's it goin stan? can i get $55 on pump three? you got it, stan! gas stations. just that. where nobody knows your name. the chevrolet cruze eco. with an epa estimated 42 miles per gallon highway. it's the new efficient. just by switching to progressive. so you'll be bringing home the bacon in no time. sorry. get a free quote at progressive.com. >>> welcome back to kpix 5 this morning. we have a live look out over the bay right now. we are fog-free. it is going to be another hot day. a complete look at your forecast coming up. >>> people at disney as california adventure park got more of a thrill than expected on a ferri

china beat expectations. in the second largest economy comes in better than expected. the focus now shifts to europe. german manufacturing data is due out. french data is dropping in 10 seconds. by 33s are indeed lower points here in london. on the dax, 0.44%. look at unilever, big mess. market doesn't like it. futures down across the board. >> we are starting to see that fear about the economy hitting the companies. we are digging into all of that. we have chinese manufacturing picking up slightly, better than expected. it for october at 50.4. that was better than expected for china. the labor market helping offset that slowdown in the housing market. what about europe, the u.s.? we have french numbers breaking now. d

i don't expect a good quarter this quarter. i expect a good 2015. as the company rolls out its new panera 2.0 stores and gets the benefit of lower commodity prices. probably can wait until after the quarter if you want to buy some. finally mckesson, it puts up numbers next tuesday. i think they will be big ones. wednesday has a ton of earnings too. but the federal reserve open market committee deliberations will take center stage. this will be the opportunity for many commentators to debate the role of the fed with the side offering they are clueless bozos that should be tightening like mad. we already know what they are going to say ahead of time. who wants to listen to that? not me. i'm busy doing homework on real companies with stocks that can make you money and i don't think they are anywhere near as significant as anyone thinks. they were at one point, not now. but keep a lot of commentators in business. i'll be listening to wellpoint's results because this maintenance group thought to be the biggest loser under obama care is the second biggest

mid 70's expect. we will end up with more sunshine, upper 60's and sun expect tomorrow, vittoria, over to you. >>> good morning, everyone. traveling on the vine street expressway giving you an update on that accident we had westbound on the vine approaching the the area of the schuylkill, we had an earlier accident blocking left-hand lane that has been moved to the shoulder. police are on the scene but we are dealing with the residual traffic when it was blocking left-hand lane and gaper traffic. so broad street through to the schuylkill you will see drop in speed sensors. speaking of speed sensors look at this drop on i-95 southbound we have slow go out the of the northeast down to the vine and that will get bigger. traveling schuylkill 476 still looking great no major problems for mass transit, erika. >> torey, thank you. >>> football season is over for one team in new jersey in light of the bullying allegations. parents and teachers say that they are disappointed in the school's decision after alle

and what can we expect from turkey to do?can accuse turkey or blame turkey because of the situation in kobane. >> but as you know, they are accusing turkey. they're accusing you of having too close ties to the so-called islamic state fighters. even jordanian and egyptian intelligence officials have been quoted as saying turkey is providing intelligence, logistics support to the islamic state, training here in turkey. >> first of all, let us -- >> you deny all. >> of course, 100%. >> did you train islamic state when they were part of other groups? >> no, no, no. >> could you do more, sir, to stop the flow of jihadi where is you cross your border? because they are going across. >> we never allow any foreign fighters to go inside syria. >> reporter: which means they escaped across your security forces. >> you mentioned some intelligence services. they cannot claim this. there is no evidence that turkey has any link, any cooperation, any support to this type of cross. on border and turkey declared isis as a terrorist organization

. >>> doctors expect a woman to recover after she was hit by a car near an elementary school in east san jose. it happened at cafe drive and newton avenue near anthony elementary this morning. police say the driver remained at the scene and is cooperating with investigators. they are now trying to figure out who is at fault in this accident and whether the driver will be cited. >>> the family of a 12-year-old novato girl killed while crossing a busy street on her bicycle has settled their wrongful death lawsuit against the city and two others, including the driver's employer. haley ratliff was heading home from school when she was hit y y a man speeding in a company suv on novato boulevard in september, 2012. the family sued, claiming the driver was reckless and the roadway was dangerous. the family will receive $1.1 million, $800,000 of it from the driver's employer. >>> the man in santa cruz who did a good deed for somebody too drink to drive is now wanted for burglary. police are calling this man a bad samaritan. surveillance video from september 21st shows the man and his young d

it won't be launched this week as expected. investors thought they'd be able to begin investing in mainland stocks by the end of october. the shanghai composite, there you see it down more than half a percent, 2,290. that makes for the fifth straight day of decline there. shares of brokerage firms faced heavy selling due to uncertainty about the plan to link the two exchanges. and china's two biggest listed brokerages fell sharply. both in mainland markets and in hong kong. the hang seng index fellower by nearly 0.7%, 23,143. and that makes for a third straight day of losses there. >>> well, japanese carmakers continued to feel the effects of that consumption tax increase in april. they say they don't know when sales will recover. officials say in september they produced about 800,000 vehicles in japan. that's down more than 3% from the same month last year. it's also the third straight month that production has fallen. they say domestic sales are still in a slump after the tax hike. honda's domestic output was down 4%. toyota'

expect the holiday season to be reasonably good. rick san telly, bring you in here, on a day that alan greenspan told our becky quick this morning he would buy gold given the end of quantitative easing here and of course, gold plunged, now below $100 an ounce. blame the strong dollar? do you blame alan greenspan, too? >> you know, listen, i get the relationship between dollar denominated commodities and the dollar strength. but i think that a lot of the commodity movement is well beyond any type of dollar influence. you know, energy, down here, we keep it simple. guys down here think the reason energy's down is because all these conflicts in areas that have a lot of oil, that that sector has just been over long for too long and it was a flush and i wouldn't disagree with that. you know, we had three relatively spotty auctions this week. maybe it's just that you had a fed meeting, maybe a week away from an employment report, i think that you're going to see that the tectonic shifts that we had around the middle of the month, they are

certainly did not expect that. we expect success. that is what we expect of ourselves, but i think we turned immediately into professionalism. >> by that, they mean that they have immediately started to try to figure out what the cause of this explosion was. they have grounded this antares rocket. their next flight was rescheduled until they find out what happened with this one, and were told that could take days or weeks. >> thank you, brad. rain has been a nuisance. now prepare for a bit of chilliness moving in. chief meteorologist doug hill is in the weather center. >> temperatures started to fall today, so we get chiller, cooler now, and we will get cold by the weekend. let's get you started here. the sun is just breaking through of crowd layers west washington. look at that beautiful color of illumination on some of the downtown buildings on the low anger of sunshine. a red hue coming through the clouds right now. we'll see a steady cooling trend, still a couple of patches of showers behind the front south of town, but they are