frank exactly. frank did come to me in a year and changed the deal frank.i got the impression from reading the book last night that you were if you had to if you were younger, you love to kind of fine tune your pressure swing technology. i wondered what would be what would be some of the applications, this fine tuning. was that for me? yeah. i couldn't hear that was for you. i could not hear the applications if say, oh, the. well, as far as say we make oxygen and nitrogen generators oxygen, zeolite, nitrogen uses, carbon for oxygen there are many uses certainly the military the of the you mention portable oxygen generator they're being used pretty much around the world were used during the pandemic when they put up in new york city they had a parks sitting there for the oxygen also mufflers for shops. there's just so many applications. but believe it or not, there's more applicable oceans for nitrogen there. you use it for when you want the absence oxygen. and that's an that's when pop open a bag of potato chips that's inside it's not air. so food processin

silvana. >> frank, good morning. the biden administration is expected to announce the first batch of prescription drugs. the administration will target prices and lowering medicare costs. this is the first since the inflation reduction act was passed which requires the government for the first time to negotiate drug prices with the companies that make them. >>> the head of the bank supervision in san francisco is retiring effective october 15th. they have been under fire for the failed oversight of the silicon valley bank. the bank said the former fed in minneapolis will take over in october. >>> following a story we brought yesterday, 3m agreeing to pay just over $6 billion to settle 260,000 lawsuits stemming from defective military earplugs. according to reuters, the money will be paid to victims over the next five years. the stock had popped 5% yesterday on early reports of a settlement which is far less than the $10 billion some analysts had been expecting, frank. >> big story there. we will continue to cover tha

frank and i are many thousands. frank and i are one in 1 or 2 hundreds.king about is the one which is quite generally available. you're a narrow gate and to pretend otherwise i think is wrong and is misleading. you require much more active force and character to do what you did than what certainly we did to begin with . the fact that we've begin with. the fact that we've got on and become relatively famous. yes. well, i can tell you, i could say i've got a little boy, and if my son has a fraction because i want my i don't care about qualifications. >> i don't i think it's about character. it's about get up and go. it's about confidence. it's about, you know, wheeling and deaung about, you know, wheeling and dealing and hustling. and that's what i want. my son to develop and to and if he gets some and to gain. and if he gets some qualifications along the way. >> is alan sugar really your ideal? >> for my ideal? what person do you really want that? >> do you really want your child to grow up like that ? to grow up like that? >> i mean, aren't you aren't, yo

frank. >> thank you, silvana. we will talk more about michelle bowman coming up thank you. >>> markets gearing up with 80 of s&p earnings out as investors look at fresh inflation data on thursday cpi is one of the things expected to be top of mind as wall street faces a wall of worry with the impact from fitch's downgrade of the u.s. credit rating and stretched stock valuations and reports from apple and other chip companies with the deflation risk in the economy. we have the latest from our economist here from hermes the long wall of worry the fitch downgrade. which do you expect to have the biggest impact on wall street today and this week? >> it is yields. treasury yields. i don't think it is about fitch. i think what you saw with the bank of japan and loosening of the yield curve controls is pushing rates up more than the downgrade. when you think of the 4.25 level on the 10-year treasury, we haven't broken that. everybody thought we would be lower. i think that is something that could spook markets. we would

>> frank, this trip is important. it is likely going to be the last high level cabinet visit before the potential xi and biden meeting on the margins of the san francisco apac summit in november. to your point, secretary raimondo has a difficult job here. she needs to make sure as you point out that she states that national security is sacrosanct. she is prepared and the biden administration is prepared to do whatever it takes to protect national security. she also has to try to rebuild habits of cooperation which is what you are seeing here with some of the meetings she is having. one thing which is very important here, frank, is her meeting with the u.s. businesses operating in china. they faced a withering environment in the last three years. she would like to meet with them and discuss with the chinese counterparts to improve the operating environment. the chinese claim they want to do that for themselves. i don't think there will be a great breakthrough here. this is establishing habits of cooperation again. >> i

>> frank, we have seen most of the hikes already.hat we have seen is that we still have that sticky cpi that we really look at because the atlanta fed did a lot of work on the sticky cpi and flxable cpi the sticky is starting to come down so we could see that the fed could do one more or two more rate hikes we're seeing the fed needs to control the sticky cpi it's still at 5.8. we want to get that down lower. >> you're saying we're near the end. but there could be one or two more. >> we have seen most of the hikes already. we went a long way. >> you don't think one hike or two hikes makes a big difference, is that what you're saying >> exactly. >> very interesting. it seems like there's some stress on the markets right now, but if you're saying you don't believe that as we look ahead to today and the rest of this week, where do you see opportunities in the market >> well, we see opportunities is that we're looking at international markets also we see a lot of value. let's talk about india we started talking about china and the proble

i'm frank holland. let's get you ready to start the day as we kickoff the check of the stock futures with the s&p 500 coming off the best day since june and first 1% gain in 36 trading sessions. looking at futures right now as you see with the nasdaq popping on the back of the nvidia report up over 1% the s&p also higher. the dow is lower at this hour. we are checking the bond market with the 2-year treasury yield it is just below 5.0%. something we continue to watch the 10-year treasury is at 4.18. falling back a few basis points from a few days ago at 4.26. we are looking at oil trading at the lowest level in four weeks wti back below $80 a barrel. up this morning is brent crude $84.83. >>> time to get to the top stories with nvidia. nvidia seeing huge demand for chips powering the a.i. relate lu -- relatevolution the ceo speaking out. >> we are significantly expanding the production capacity and supply will increase for the rest of this year and next year nvidia has been preparing for this for over t

i'm frank holland. we kickoff the hour with the u.s. stock futures with the higher session for wall street and the dow's best day since june the futures are in the red across the board right now, the dow would open up 80 points lower. it is early. also seeing the nasdaq hardest hit down .30%. we are looking at the bond market ahead of the busy week for fixed income with $100 billion in long-term issuance over the next four days. yields here with the 10-year treasury at 4.01 this is down from where it closed just about a week ago we are seeing a steady decline after the fitch downgrade where yields spiked up 2-year treasury at 4.764 the yield on the short end is something we continue to watch with the bond issuance we will talk to our guest later on in the show the energy market and wti at $81.15 similar for brent crude down 1%. natural gas with a lot of movement yesterday and today is flat >>> time to check on the corporate stories with silvana henao. silvana. >> another batch of data from china. falling deeper than expected in july for

frank, in reaard to under a different brand. frank, in regard to the _ under a different brand.ank, in regard to the wagner group, a i under a different brand. frank, in . regard to the wagner group, a group you have studied in depth, and also with ukraine, where does this leave the ukrainian situation and the ukrainian war? will they see this as potentially positive? i ukrainian war? will they see this as potentially positive?— potentially positive? i don't think it will make _ potentially positive? i don't think it will make much _ potentially positive? i don't think it will make much difference - potentially positive? i don't think it will make much difference of l it will make much difference of ukraine walk, the wagner group had already withdrawn, moved back to their bases, lots have gone to belarus, some to africa. wagner were out of the picture. there will be no tears shed in kyiv if it is confirmed that mr bogosian instead. he was responsible for sending wave after wave —— mr prigozhin. he was sending people against ukrainian lines to try to overwhelm them but also as ca

i'm frank holland. the nasdaq is coming off the best day since july and the tech sector seeing the best session since may. futures right now in the green across the board. the dow looks like it would open 50 points higher. nasdaq a .50% higher in the early trade. we are checking the bond markets. yields with the 10-year treasury trading at the highest level since 2007. 4.31%. the 30-year treasury is highest since 2011. 4 4.42. the 2-year treasury is a tick under 5%. take this all together and high rates for auto loans and credit cards and mortgages. as of this morning, the fixed 30-year mortgage is sitting at highest since 2000 up over last month. now with a look at the markets and bringing in marian bartell. mary ann, good morning. >> good morning. >> the first question is rates. they are rising. what impact is it to the market? where do you see them going and finally stopping? >> for the tech-year, we -- for the 10-year treasury, we think it will go higher. if we reach those levels, you can lock in th

you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying in the international market. and it's not taken seriously at all. no, the console obviously in this form discussion is nothing we even before the current crisis to see if the from sue was to do storms, december change and i see please present to me on the crunch and is i value in counterpart on the strong tighter for cleaning the end of the c p from help is coming to reform slow down the fluid cause even gain. in the meantime, it is on p a with a vicki coast, every policeman talk to c, as in frank, while we introduce in 2007, as announced idea industry experts say that debating the merits of the csp front is like discussing the advantages and disadvantages of slavery, a point to this arguments be saying something that keeps colonialism in life and millions included. well i see a middle we'll get into hangs. the indian prime minister in or under moody has won a no confidence vote in parliament, which he faced ove

you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying in the international market. and it's not taken seriously at all. the control obviously and reform discussion is nothing we even before the current crisis to see if the from zoom was to be storms, december change and i see please present to me on the crunch and is i value in counterpart on the strong tighter for community the end of the c p from help is to come and see reform slow down before it could even gain. in the meantime, it is on t a with a vicki coast replacement of the c. as in frank, while we introduce in 2007, as announced a industry experts say that debating the merits of the csp front is like discussing the advantages and disadvantages of slavery. a point to this arguments, the saying something that keeps colonialism alive and millions included too. well i see a middle, we'll get into the, a u. k. court has sentence a former teacher from the same school, the prince of wales, as children attended to

you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying in the international market. and it's not taken seriously at all on the control. obviously and deformed discussion is nothing we even before the current crisis to see if a from zoom was to be storms the same but change and i see please present to me on the crunch and is i value and counterpart of the strong, tighter for community the end of the see free from help is coming to reform the slow down before he even gave in the meantime, it is on t a with the eco replacement of the c. as in frank, while we introduced in 2007, as announced alia industry experts say that debating the merits of the seas, the front is like, discussing the advantages and disadvantages of slavery. a point to this arguments be saying something that keeps colonialism lives and millions included. so i see another real can get into the india's prime minister in or under moody has won a no confidence vote. and parliament, which he faced over th

frank, thank you so much for _ gives up. frank, thank you so much for your _ gives up.new information coming in about the situation in niger. us secretary of state blink antony blinken has spoken to the leader there. blinken has spoken to the leaderthere. he blinken has spoken to the leader there. he told them that the us is committed to restoring niger's democratically elected government and that they're dedicated to finding a peaceful resolution that ensures that niger is a partner in security and develop: mr blinken's call comes as tensions rise between west african nationsment on tuesday night, nigeria cut off the supply of electricity to niger. it accounts for 70% of the country's power. the world bank said that it suspended aid to niger. and in a meeting, defense ministers from countries in the west african regional bloc, ecowas, looked at using force adding that they would only do so as a last resort. the leader of niger's coup flew to the capital to meet with the leader who seized power there in 2021. mali and burkina faso, which is also ruled by a militaryjunta

>> we could be, frank. market hasn't pe performed in the way it historically has i don't think we can all automatically see that will come through. the consumer and job market was a strong foundation in the economy even in the face of signs we shouldn't be as strong as we are. i would not necessarily say rely on the fact that august is traditionally weak we need to wait and see with the data and if we see central banks pull back with the reserve bank of australia this morning, that could be a boost for the equities >> we have seen a lot of bullish moves. you are taking on a different take what is the wex word of the day? >> my word of the day is resistant. i think it shows the equity markets have resisted some of the signs that we have seen out there that tell us we probably should be in some type of a mild recession at this point. obviously, we have the yield curve and if we put that aside, look at the rest of the leading economic indicators down 15 months in a row. the money growth signs are down. i know

you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying in the international market. and it's not taken seriously at all on the control, obviously and deformed discussion is nothing we even before the current crisis, the see if a from zoom was to do seems the same but changed. and i see please present somebody on the crunch and use a battery and come to find a strong tighter for cleaning in the office. the free from hope is coming to before we slow down before it even came in the meantime, it is on t a with the big eco replacement of the c. as in frank, while we introduce the 2027, as announced a new industry experts say that debating the merits of the csp front is like discussing the advantages and disadvantages of slavery. a point to this arguments, they say something that keeps colonialism alive and millions included. oh, i see. i'm going to get into the indian prime minister under under moody has won a no confidence vote in parliament, which he faced over the eth

frank. >> contessa, thank you. see you later on in the show rngtshow. >>> more to come on "worldwide exchange," including the one word investors need to know today. >>> china has more stimulus measures and one targeted to consumers. >>> and more later and what the fed whisperer think he jay powell will tell investors today. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us. ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ >>> welcome back to "worldwide exchange." china and u.s. appearing to overcome the wave of black list investment bans and triariffs. to do that, the u.s. is allooki at diplomacy. eunice yoon is joining us from ba beijing with more on the story. >> reporter: thank you, frank. president biden is sending his fourth senior official to china since mid-june this sunday. commerce secretary gina raumondo. she is expected to meet with u.s. officials

good morning. >> good morning, frank. you can see the shanghai composite in china was in the red at the close. that's concerns about the economic situation. the real estate sector continued to weigh down on the index. at odds with the hang seng, seeing a bit of a bounce. 0.3%. the nikkei in japan seeing a bit of a rebound, up half a percent after posting slightly better expectations for the month of july. hecht's switch over and take a look at the european intee cease because here, despite some of the strength coming through on these indices, we're actually digesting these very, very disappointing pmi numbers. just to give you an idea in the ukking we're now sitting at the lowest level since january 2021. the number came in at 27.9 versus 58.8 reading we had back in july, and analysts are saying this implies the uk economy is pointing toward a contraction over the next couple of months in the year. that's something to watch out for that. despite that, we're seeing some basics bounce. germany, similar to cac. sitting at a

frank doesn't even benefit us on the international market. you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying and the international market. and it's not taken seriously at all on the control. obviously in this form discussion is nothing we even before the current crisis to see if a from zoom was to be storms, december change, and i see please present to me on the front end is a value and counterpart of the strong to proclaim even in the office, the free from hope is coming to reform the slow downs before because even the game in the meantime, it is on t a with the key code replacement of the c. as in frank, while we introduce in 2027, as announced radio industry experts say that debating the merits of to see if the front is left discussing the advantages and disadvantages of slavery. a point to this arguments, the saying something that keeps colonialism alive and millions included. oh, i see. i'm little we'll get into the indian prime minister in our under moody has won a no confidence vote in parliament, w

i'm frank holland. the dow coming off the worst week since march. the futures in the green across the board. s&p is higher. the nasdaq is higher. the dow jones industrial average would open up 90 points higher now. look aing at the yields. the 2-year treasury is creeping back to the 5% yield. something we continue to watch. we are watching energy. wt wti off the highs from early this morning. up .50%. same for brent crude. natural gas making a big move up 2.5%. that's the early picture stateside. let's check on the action in europe and asia with julianna tatelbaum in the london newsroom. good morning. >> frank, good morning. we have a lot of action this side of the pond. let's see what is going in asia overnig overnight. we have had chinese composite pulling back. the hang seng down 1.8%. overnight, as you mentioned in the headlines, pboc disappointed expectations. they announced a cut in the one-year rate, but kept the five-year rate steady. defying the expectation that investors would cut both rates. not as much stimulus support as expected or hop

defense contractors have been real lagereds so far this year, frank. over to you. >> thank you dom chu with sectornomics. >>> parents, listen up if you think your rent is too high, wait until you get a look at the bill for your kid's off campus apartment more "worldwide change" coming up after this. >>> it's time to head pack to college but that has students and parents hold oing on to the wallets. like so much of the u.s. housing market, it's getting priceyer. we have much more on this story. >> yeah. apartment rents overall are cooling off a tiny bit one type of apartment is doing just the opposite. that's off campus student housing apartments not dorms but apartments built specifically for students by developers like american campus communities, gray star and landmark student housing depending on the region of the country is 2 to ten times multifamily rent growth that is according to crbe. up from 7% year over year in the northeast to nearly 13% in the southwest. the ceo of landmark says it's all about supply and demand. >> if you look at the top 20

you can't talk about the cf a frank. why is that? you have to take your cfo, frank, and convert it into yours before buying in the international market. and it's not taken seriously at all. and all the control obviously and reform discussion is nothing we even before the common crisis, the see if a from zone was to be reformed in the same. but to him tonight, seed face president to money on a cron and his i battery and come to and out of the strong tata for community into off the see free from how is the color. so before the slow down, before it could even be in the meantime, it is on t a with the eco replacement, obviously, if a from well, we introduce the 2027 as announced idea industry experts say that debating the merits of the csv front is like discussing the advantages and disadvantages of slavery. a point to this arguments, they say something that keeps colonialism alive and millions income, 54. i see i'm new vehicle and get into hi miss, but the ukrainians reported the funding through time. so let's visa 3 regime with as well

you can't talk about the cf a frank. why is that? you have to take your c, f, a frank and convert it into yours before buying in the international market. and it's not taken seriously at all is on the input. know the control oversee and reform discussion is nothing. we even before the current crisis to see if the from zoom was to do storms, december 10th. 19. please present to me on the crunch and is i value in council pods on the strong tata for cleaning the end of the seed, free from hope is to come and see reform slow down before it could even be in the meantime, it is on t a with a d coast replacement of the c, as in frank will be introduced in 2027. as announced kalia industry experts say that debating the merits of the csp front is like discussing the advantages and disadvantages of slavery. a point to this arguments, these things, something that keeps colonialism in life and millions included too. well, i see a middle we'll get into the indian prime minister under under moody has won a no confidence vote in parliament, which h

and not really expected at all. >> vicki and frank, biological siblings were both found a year and aalf apart and run up in the same family. >> the odds are insane, crazy or perhaps meant to be. >> and the women who found frank joined the woman who found vicki a reunion of those who helped create this family. >> now, knowing the story, it definitely is a lot, but in a good way. it feels like heavy, but in a really a really nice way. >> i know the story is kind of about me and my sister. i want to showcase everyone that's around me that like created such a great life for me and my sister. gratitude all the way around a police investigation into who abandoned baby vicki all those years ago never turned out any results. >> but vicki and her brother frank say they are content knowing the details that they know so far. meanwhile, the adoption agency, it did not even know that they were biological siblings. lauren glasberg, channel seven, eyewitness news. wow >> just so many turns. oh, my goodness. >> it's quite the reunion there. yeah. and a happy, healthy family. >> yes, as well. they lo

good morning, frank. good morning to you. we're here in front of southern kitchen where in a little while i'm going to talk to the owner of the oldest restaurant in los gatos. and then we were standing here, my photographer and i, and someone brought me a cookie from icing on the cake, which is just out of camera view. so there are so many good places to eat bakeries, restaurants, bistros, coffee shops, fancy, not fancy. so we're going to run through some of the places i found. and you know, this is one of those towns where you could probably spend a few weeks trying to eat it. all the great places. so you're going to have more of that. garcia i know that there are places here that you would love so just keep an eye out. i know you're right there in the middle of downtown. yeah. and there are places that i think you'll love. and also, can i mention another one of my favorite places to eat and ways to feed my family is the farmers market. and los gatos has an amazing farmer's market. sunday morning. bring your basket and your

lewis: thanks to frank for that.essor of international politics at lancaster university, thanks for coming on the program. >> thanks for having me. lewis: why do you think the u.k. is extending this invitation? >> -- i think as her colleague frank has outlined, there is a real economic opportunity for the u.k., and it's an opportunity that rishi sunak really needs for him, his personal career, and he deems it necessary for the british economy. and that is the city f -- and that necessity for rishi sunak and his colleagues at least means sacrificing the broader british ideals of human rights and democracy on the altar of realpolitik, and that looks to be the real justification for the invitation. lewis: how do you tnk this will be received? >> well, mohammad bin salman has been very keen to deepen relations with u.k. perhaps the most obvious example is the purchase of newcastle united by the sovereign wealth fund. but it is deeper than that. there is increasing numbers of students in saudi arabia coming to british uni

frank?g hurricane idalia. >>> time now for your w.e.x. wrap-up. amazon facing a threat of a league action for unapproved drug sales. >>> the world's largest bitcoin fund trust coming off its best day in two years after a u.s. court ruled against the s.e.c. the decision to deny them a position. stocks of marathon rioting and coinbase all moving higher, double digits. also looking at shares of nvidia, dipping after closing at a record-high yesterday when it announced an ai partnership with google. the stock is now up 230% this year making its the best performer this year. federal regulators are ordering tesla to offer driver assistance data systems. pvh rising following an earnings beat and a % to 4% remember knew growth. the company says it plans to improve inventories and reallocate resources for a more efficient supply chain. >>> and the tsa says labor day weekend will bring the busiest travel season. >>> the august adp report is out at 8:15 eastern followed by the investment report and the

frank. >> thank you very much, we appreciate that. let's tie this together and get a bit of perspective. joining me chief investment officer et cetera, gene golden. thanks for being here. >> good to see you. >> some of the issues in china's property sector weighing on the european markets in the early trade. how do you see it impacting the u.s. markets today? >> i think the u.s. markets will continue their weakness. the u.s. consumer is struggling. you have seen savings rates coming down. you're seeing credit card usage increasing, second of all, the fed, we have the hangover from the meeting minutes. the fed's meeting minutes, higher for longer, it's here for a while. the third point, valuations in the u.s. stock market. we have rising rates. valuations at this level don't make sense with rising rates. this is something we're watching carefully. all of this together creates intense market volatility, which will continue. >> hitting the valuation plays right now. specifically are you talking about big tech or other areas of the market

frank returned it the next. i suppose they pop the label off front, slapped on one for next year and used it again. frank mccarthy during the war was chief of the secretariat, a general headquarters, and he traveled extensively with general marshall, which is a very good thing. frank mccarthy had worked for a as a journalist before the war. he'd done some pr for the broadway show brother rat, and he was a note taker, which is a very, very good thing because marshall didn't take notes for anything. he didn't take notes at meetings, didn't keep a calendar, he didn't keep a journal, he didn't write down things. he kept everything in his head. and so having frank travel with him was wonderful. there's this great picture of marshall talking to a general, and frank's in the background just down everything because of that. we know who marshall talked with, where he stayed, he ate with what they conversed about at dinner, all of these conferences at yalta, potsdam and these international conferences. after the war took

frank, we have started to — constitution. frank, we have started to see _ constitution.arkable to me that every time an accusation was levied against the former president, every single time there were boos from across the arena that among active republicans, those people who would attend a debate like this, donald trump still has considerable support but i really have to emphasise that it but i really have to emphasise thatitis but i really have to emphasise that it is as though it is too different americas. among republicans donald trump can do no wrong. he is trusted. they think he is a victim. they think he is a victim. they think he is being prosecuted and persecuted. among independence and democrats, he can do no right. they assume that he is engaged in political activity and among democrats they want him to go to jail. just as you are speaking we are looking at pictures of atlanta hartsfield international airport where we are waiting for the president to arrive shortly. is this why does you have just described is dynamic of two americas. is this why we did not see

i'm frank holland. let's get you ready to start the day. breaking economic news at this hour the latest snapshot on the state of the eurozone with second quarter flash gdp. our london newsroom has the numbers. good morning >> good morning, frank yes, so the numbers have just been hitting the wire now. this is the second estimate for the second quarter gdp coming in at 0.3% quarter on quarter, in line with the initial estimates. no real surprise there annualized basis, we're looking at 0.6% year on year this tells you the eurozone economy did actually show slight improvement in the second quarter versus where we were in the first quarter. if you look at the subcomponents of the individual company level at the leadership that is coming from france, we saw 0.5% for the preliminary reading out of the french economy spain also at 0.4% but germany, the number one economy that we're watching in the eurozone did actually record a flat reading for the quarter, coming in at 0%. looking ahead as we get early signs of how the economy is going to shape