with them, we were able to, you know, get intel as our first corporate major investor. although, there have been several others. so intel's commitment over the 5-year period of time amounts to $3.7 million. it is the largest investment ever made in our foundation, so we're very excited about it. and mostly excited for the students, who, hopefully, we can get graduated from college in a couple years and into these high-tech jobs where we need them. damian: we keep hearing about stem, stem, stem. but i don't know that a lot is done about it. you are one of the few who's actually doing something about it. ron: you know, we've been in that space for some time now. particularly with our after-school programming and summer programming for middle school students. we want to try to get as many latino students to complete algebra 1 successfully by the end of their 8th grade. because then the agreement we have with the high school that they'll matriculate to is that they will be enrolled in geometry as a freshman. and then they'll be on a very nice track throughout their high scho

we announced a very exciting partnership with the intel corporation, who is the first major investor in

intel came out with a disappointing outlook same corporate customers may curb spending and corporate hing keeping the market afloat to begin with. says $14.8 billion in revenue is what they expect. it is exactly what analysts expected. intel says it could be plus or -$500 million. a big swing. , want to touch on trip advisor an amazing story as far as, to value has been added to the stock today. all it said was it has got a joint venture with rise line and that trip advisor what users will be able to book through priceline's booking.com website directly from trick -- trip advisor. you can see a 22% gain, massive gains for the company. still ahead, we will get more insight on the retail landscape from the nike ceo mark parker. that is coming up at 2:00 p.m. eastern time right here on bloomberg television. ♪ ♪ betty: ok. that is walmart shares. we are bouncing around at our lows of the session right now after big news came out an hour ago where walmart said earnings will be down between 6% and 12% in the next 50 deaths fiscal year and also cutting back on capital expenditures, basically

corporate strategy. that's where we have investors leak microsoft, intel, dell, google, sales force, visa. nounced deutsche telecom. with all these companies, they're part of building out this docusign global trust network. >> are you leveraged? is the growth leveraged to really corporates getting on-line and getting on to the product or guys like me looking to get convenience interacting with a bank or a retailer? >> right. and, carl, that's the beautiful thing about docusign. it's both. the consumers drive a lot of the enterprise business. ceos, banks say why can't we use that for the 200 million documents we sent out a year. then also the enterprise business is driving our consumer business as well. >> do you worry about we're in a world where everything is followed with a question by privacy and hacking and safety on-line. how does that fit in? >> it's -- what is core to what we do is all about trust, so that is security, privacy, availability, and we've teamed up with a number of companies and helped facilitate the xdtm standard that sets quantifiable and measurable and audible bars in

the corporate earnings roll in. we will hear from intel and jpmorgan chase today.st beer merger in history overnight. anheuser-busch inbev buying sab miller. bud miller would be a super brewery with half of the world's top 40 beers. >>> try using apple's news app in china. you have a problem. when people try to open the app, an error message pops up. story unavailable. news is not supported in your region. that means censorship. no word if it the government is blocking it. it highlights a broader challenge, especially technology and information media. google and facebook are blocked online. >>> 5:00 in the morning in the east. "early start" continues right now. in just hours, hillary clinton and bernie sanders head-to-head for the very first time in the cnn democratic debate. who will come out on top? who will come out swinging or will they? will there be a breakthrough from a lesser known candidate? we are live. welcome to "early start." i'm christine romans at the

intel says it is concerned about corporate spending, and at a time when pc sales are week to begin withre not buying, it is really problematic. there you go. i like to cut you short when there is red on the screen. brendan: five stories that matter to the markets -- sovereign wealth funds. ubs has sovereign wealth funds will draw down by $1.2 billion, 7% by the end of the year. i will throw this one to alan krueger. these are the 501 pound gorillas. we thought they would be a presence forever, and it turns out they are countercyclical. : it is probably good for the world economy. we should see this as a global stimulus? mr. krueger: to a small extent. to draw is it possible some others between norway and saudi arabia? mr. krueger: it is a much more democratic country, much more forward-looking, but it is a -- it is a similar set of forces causing them to draw down. david: a second story that matters to the market, producer negative and consumer prices slow, reflecting strength in areas including domestic policy. what are the numbers around china same. every, look around, another contrad

chip maker largest is forecasting a slowdown in corporate server demands, a right spot for intel.hey been hurt by the personal computer slump. ease in china signals more weakness. retail inflation is below the target of 3%, opening the door to possibly more stimulus. francine: thank you. just got in from a listener, i was wrong. elliott of def leppard supports one of the chef phil teams, and the bass player does another sheffield team. a correction. francine: a correction on baseball, i am happy. more on china and what a slowdown means for europe. that spring in hans nichols. teamnot know what football a support, or if they look at football in china. when you look at european growth, it is slower than expected. do withs it have to inside, emerging markets, and china. and: i was negative concerned with the data until yesterday. we got the luxury auto sector numbers from china. theaw mercedes up 53% in month of september, that is not a chinese consumer that is concerned about spending. even audi which is part of up.swagen, is it looks like there is a rebound. i've more concerned wit

estimates, saying that customers that were cautious -- one of their customers as intel -- saying out that they are seeing slower corporatebottle offor the german landlords, m&a a plenty in germany. the know via is offering deutsche bone in -- rising in premarket trading over in germany. diageo is selling its wine assets, getting out of wine, expecting to raise 320 million in sales. and keep an eye on dominoes -- they could rise as much as 5%. guy: thank you very much. caroline hyde. european equities heading to the open. anna: angela merkel will see the you party conference later today as she faces criticism from within her own party over her stance on refugees. hans nichols is here in london with us for a few days. alan it is still with us. yesterday we had bad investor confidence index, vw falling to a one-year low. is anyone concerned about the trajectory for the economy? hans: all the numbers are heading downward for angela merkel. it was 70% five or six months ago but now it is below 50. the big question on the economy as to what extent is this going to affect the revenue picture? right now they are projecting a bud

show off with, whether this rally can continue, you need to see what corporate ceos and cfos are saying about the look ahead. intel is going to report tomorrow. their guidance for the fourth quarter could confirm or deny whether value is here to stay. i'm looking at that. i'm looking at tech earnings like apple. like ibm next week. we need to have it confirmed by what earnings reports say and the stock responses there, too. >> sounds like, rob, most of the people we've heard from would agree with what jim cramer said this morning on "squawk on the street," that thing was bearish phase for growth but the growth funk is going to end. that maybe we're not ready to declare growth stocks dead just yet and that you get a full-fledged rotation in to value. >> that's because the earnings are there in growth. they're still fundamentally attractive earnings in growth and because we're in a slow growth economy investors are willing to pay up for that growth. with the recent sell-off there's been enormous value return to selective parts to the value segments. if you believe that the recovery remains intact and this was a bull

intel. pg & e. rio tinto. shell. siemens corporation. these are major corporations that have stepped forward and said this would be very helpful. now, recently ceos of the top u.s.-branded food companies like general mills, kellogg, nestle and others called on political leaders to take decisive actions towards -- this is their quote -- clear, achievable, measurable and enforceable, science-based targets for carbon emission reductions. and major companies are calling for action from some of our political leaders to continue the strong climate action, and that this -- that strong climate action is a threat to economic well-being. have you been engaging directly with business leaders in this process? why do these companies say that we need a robust agreement in paris, and why do they think they will continue to thrive as all the world's countries take action? >> yes, senator. i have been engaging with business and the white house has been particularly active in this regard as well, i should say, as has secretary kerry. i think, again, for t

corporate stories on the bloomberg terminal. here is yvonne man. biggish shiporld's maker will invest $5.5 billion in its china operation. intel'scent results showed increasing demand offset sales of pc processors. google could be heading back to china with a lounge -- round of developer that operates a voice activated search engine in mandarin. provider for the launch of the android smart watching china. in 2010, google closed its search page and china after refusing to censor. tesla fell the most in eight weeks after consumer reports dropped the model s from is recommended list for below average reliability. an array ofreported complicated problems, including the sunroof and motor. that,er reports also said with the problem, satisfaction remains high. 97% would definitely buy the car again. those are the top stories on the terminal this hour. most famousorld's sports carmaker hits the road on the stock exchange today after raising nearly $900 million in its ipo. is following the story for us. shares will be listed on the stock exchange and demand was outstripped by supply. chrysler sold them at the top end of the range and $52

intel, all coming up. investors look to go see whether corporate america is seeing any hit from china and the emerging markets. according to s&p capital iq expectations for earnings growth for the s&p 500 are down more than 5% on the year, let's get more on what to expect with lindsay bell and patrick williams. welcome to you both. linsey if earnings shrink 5% that would be the third straight quarter of decline. how significant is this stretch? >> it will be the first time for an earnings decline since the first quarter of 2009. this is similar to what we saw last quarter. in the second quarter expectation were earnings would decline by 4.5%. we ended up being in positive territory. expectations have come down much further so we could potentially end up in in negative territory. >> we ended up in the second quarter and first finishing just positive. the significance would be precisely as you guys dee sooe it, too, we see a drop for the first time since the big recession. >> exactly. the difference as far as the analysts are concerned is the fact that we've not got over 45,000 ratings in the top 6700 stocks ar

intel has around, now gaining 1.3%. the stock was down almost 4% earlier after saying corporate customers may squeeze their purchasing ofrs. pcs are a tough market right now. if corporate buyers go away, you are in real trouble. profitssed estimates for and forecast a lower revenue then expecting because of the same reason, the pc market is in bad shape. it could be just short covering, but intel is back up for some reason. sandisk has hired a bank to try to find buyers. micron may be one of the interested parties. sandisk up 12.5%. scarlet: that is always one possible explanation. in looking at twitter, the company named the exact of chairman as the company struggles to reverse a slowing growth. investors seem to like this news. the stock has been beaten down come off by 17% this year. matt: twitter has been in bad shape already. they hire this guy who was the chief business officer from google. analysts have come out and said we don't think twitter -- that google wants to buy twitter. two, the relationship with each other is getting stronger and stronger. some analysts are saying they don't have to get taken out, goog

these are major companies, alkoa, bhp billington, bp itself, intel, bp&e, rio tinto, shell, siemens cooperation. these are major corporations that have stepped forward and said this would be very helpful. now recently ceos of the top u.s.-branded food companies like general mills, kellogg, nestle and others called on political leaders to take decisive action and clear achievable measurable science-based targets for carbon emission reductions. major companies are calling for action from some of our political leaders to continue the strong climate action, that it's a threat to economic well-being. have you been engaging directly with business leaders in this process? why do these companies say that we need a robust agreement in paris and why do you think they will continue to thrive as all the world's countries take action? >> yes, senator, i have been engaging with business and the white house is particularly active in this regard, as well. as has secretary kerry. but i think again, i think for those who -- business leaders live in a fact-based world. and it's not a matter of ideology. they can look at what is happening. you

intel, johnson & johnson, and her sheet were among those in attendance. the president is enlisting corporate-- bolster his push for climate change. 81 countries have signed on. president obama: we have 81 companies who have signed on to the american business act on climate change. they have about 9 million employees collectively, about $5 trillion worth of market gap. these are some of the cutting edge, most extraordinary businesses that we have. spokesmanite house says the president is considering traveling paris next month for climate change talks. texas is cutting money for planned parenthood offices. planned parenthood denies allegations and videos that are heavily edited. the judge ruled the state must continue funding for at least two more weeks. panelats on a house investigating the deadly benghazi attacks have issued a 124 page report they say debunks republican claims about hillary clinton. among them, the claim that the former secretary of state issued a standdown order the night the u.s. diplomatic compound olivia was overrun by extremist and where u.s. ambassador chris stevens wa

corporate america to bolster its push for an international climate change agreement. there was a discussion with leaders from some of the 81 companies that have signed the american business act on climate pledge. intelle and wal-mart are among those taking part. >> the clock is ticking but still no decision from biden. will he jump into the race for president? his time may be running out. kenneth moden is a washington reporter. >> reporter: climate change, afternoon meeting with obama, still no o 2016 decision from biden. >> this isn't an easy decision for anyone to make. he understands the pressure but he will make a decision when he is prepared it make it. >>. >> reporter: clinton is a stronger than biden, show polls p. but the vp is more likeable. more honest and trust worthy than the secretary of state. but clinton is leading the national horse race. polls at 48%. biden, 17. clinton spent the day off the trail. but bernie sanders was on it in hollywood discussing climate change, campaign finance reform and jobs. >> not my style, you know, to go around attacking people. but on the other hand, we have to lay things on the table. >> donald trump on fox news sunday doubling down on controversial rem