nicole: what is ahead for investors, joe rundle again with the trading of btx capital in london.d to know your absolutely right to call him friday. >> the following china is significant and the government acknowledged this. we've got another cup of days that this following. >> that's another way of putting. what you think our federal reserve in the u.s. will do with all this data? two opportunities to raise rates. when else are they going to do it? >> billeted in september with all this uncertainty. the biggest country in the world economy is slowing down. i think they have to start announcing that will calm because otherwise the markets will continue. i think some acknowledgment of the problem china is facing. >> he was sort of torn between 70% the markets have been overdone and this is sort of a seen any pullback. the 30% china global story which is still very much the wild card. going forward he's still bullish eventually. what do you think? >> the economy is good. the u.s. economy is recovering well. europe has the mass. there is opportunity to get involved. it is how quickly

joe rundle, head of trading at etx capital. joe, we wanted to ask you? what do you see here this morning. what is the major factor to move this market right now? we see the selling across the board. it has been a tough week on wall street. any glimpse of hope or selling to get out of the weekend? >> no. i think you will see selling certainly in london. i think everyone is really worried about china. pmi data we saw in china is weak. is really saying china is slowing down. that will have big repercussions and carry on devaluation of emerging currencies. turning into a bit of a rout here in london. >> joe, this is lauren simonetti. this selloff we're seeing globally, what message is it sending to federal reserve? do they push back latest rate hike? will we push it to september or november or 2016? the. >> i think it will tie up the rate hike. the markets were used to that. this bought of volatility will push it back. i think the fed will come out to start making noises there will not be a september hike because of just the uncertainty that is coming in. if