kpmg e survey.t is according to a survey, 100 business leaders, on the accountancy firm kpmg. 69% said they are confident rich in's economy will continue to britain's economy will continue to grow. bit of a mirage that we have got a good set of numbers, good confidence numbers, because we do not know what brexit really means yet. this set of numbers at the moment, which carney is being lambasted for, shows things are not that bad, and if we keep going at this rate, the policy response has ultimately been wrong. >> i am not sure that it's all right. at the end of the day, if they do not have access in august, the economy may have gone in recession. at the time, we did not know when they would trigger article 50. there would be no policy response. the economy could have gone into recession. we wait on next year and the 50ing of triggering article does really matter because we have got all of these elections going through next year in europe. you can imagine with a trigger it early in the year. who hav

jet for in an e-mail statement by berg says major suppliers and creditors are willing to work with kpmgweater complete current projects. the company saw management after applying for liquidation and its demands for payments to creditors. north korea has sent a message to the g-20 firing three ballistic missiles into waters off the eastern coast. joint chiefs of staff confirming the launches but did not identify the rockets nor out for the flu. north korea came up when president xi jinping met the president of south korea at the summit. global news 24 hours a day powered by more than 2600 journalists in more than 120 countries, this is bloomberg ahead, the impact of the rate hike on middle eastern economies, we are going to discuss that with fitch ratings next. this is bloomberg. ♪ ♪ welcome back. lau in hongangie kong. let's check on the health of the global economy. our next guest says that macro risk is shifting from emerging markets to politics in advanced countries. joining us now is brian colton. every leader at the g-20 including christine lagarde is worried about this attack of p

cording to kpmg and c.b. insights, v.c. investments to fintech companies rose to $186 million in the second quarter. from $107 million in the previous quarter. surpassing the u.k. bloomberg's caroline hyde sat down with one of these german fintech accelerators finleap and the c.e.o. ramin in your manned. -- nurimand. >> and we started with payments. but because of negative interest rates and cost infrastructure what doesn't fit to that negative interest, and customers demanding for more breakthrough digital process, fintech is definitely the big topic right now. >> and what do you think this disruption could go? how much are you working against the banks or with the established banks? >> we don't see banks versus fint and i can more who will resofele the customer problems or the customer demand. and we see more it's a game of tech versus bankers. so when you see -- when you're being a banking c.e.o., you should be more frightened for tech companies like apagula or amazon or the young fast-moving companies than fintech. but

kpmg.ontinuing our commitment to the next generation of women leaders. and pull and struggle and fight and love to run your business. and when you need legal help with that business, we're here for you. we're legalzoom. and over the last 10 years we've helped one million business owners navigate every day challenges. so visit us today for the legal help you need to start and run your business. legalzoom. legal help is here. and you're talking to youro doctor about your medication... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me go further. humira works for many adults. it targets and helps to block a specific source of inflammation that contributes to ra symptoms. humira has been clinically studied for over 18 years. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers, including lymphoma, have happened, as have blood, liver and nervous syste

kpmg. continuing our commitment to the next generation of women leaders. this dog treat called max and dentalife.covered it's really different. see? it's flexible... ...and it has a chewy, porous texture, full of little tiny air pockets that gives dogs' teeth a clean scrub all the way down to the gum line. (vo) purina dentalife. for life. 80% of recurrent ischemic, strokes could be prevented. and i'm doing all i can to help prevent another one. a bayer aspirin regimen is one of those steps in helping prevent another stroke. be sure to talk to your doctor before you bin an aspirin regimen. ♪ ♪ take on any road with intuitive all-wheel drive. the nissan rogue, murano and pathfinder. now get 0% apr for 72 months, plus $500 bonus cash. wheyou wantve somto protect it.e, at legalzoom, our network of attorneys can help you every step of the way. with an estate plan including wills or a living trust that grows along with you and your family. legalzoom. legal help is here. glad forceflex. extra stro

that is according to a survey of more than 140 business leaders from kpmg.t the same time, 69% said they are confident britaoin's economy will grow. tudor investments has closed its global trading desk. the $11 billion hedge fund, founded by paul tudor jones, will focus on quantitative research. this comes after he dismissed 15% of his workforce last month. that is your bloomberg business flash. guy: thank you very much. opec ministers are gathering in algiers. they seem to be eager to reach an accord. we spoke exclusively to algeria's energy minister, who had this to say. >> since the last meeting in june, the situation has deteriorated. now it is much more critical. it is important to see what measures need to be taken in the short-term to find a solution for a situation that is not benefiting any opec member. saudi is a very important member of the organization. if they are ready to do the maximum for the excess of this event, it is ready for any eventuality. it is ready for a freeze. it is ready for making this a success. connan joins us live from algier

kpmg. continuing our commitment to the next generation of women leaders. choose effortless glide from choosside to side. choose knee-loving, underarm-caring, bikini line-baring. choose venus swirl. with five contour blades and a flexi-ball, it pivots with every dip and divot. choose to smooth. venus swirl. of diabetic nerve pain, these feet... tapped into dance as a kid and opened a dance studio. but i couldn't bear my diabetic nerve pain. so i talked to my doctor and she prescribed lyrica. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, muscle pain with fever, tired feeling or blurry vision. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs, and feet. don't drink alcohol while taking lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely t

an outside auditor is kpmg. they do a wonderful job. this is on us. we should have done more earlier and there's no question about that. i don't in any way want to minimize whatever portion of those two million accounts were unauthorized. we take that seriously, and they are the ones we put first. mr. williams: so let me move on. as c.e.o. and chairman of the board of wells fargo, how often did you meet with your board of directors? mr. stumpf: we have eight board meetings a year. mr. williams: did anyone on your board tell you to stop the incentive program, that they didn't like it, they didn't think it is good? mr. stumpf: there is a committee of the board that it's human resources and compensation, and that's not chaired by me. i'm not a member of that committee. mr. williams: so you don't know? mr. stumpf: i do know that we have incentive programs and we have controls and we have so forth and i don't -- that's what i know about that committee and about our business. mr. williams: did anyone on the board raise any concerns about the incentive progr

kpmg. continuing our commitment to the next generation of women leaders. it's not just a car...ly retreat. go ahead, spoil yourself. the es and es hybrid. this is the pursuit of perfection. >>> on this market sell-off day, let's go back to brian sullivan in oklahoma with final thoughts for "check please." >> really, my final thought is $45 a barrel, there are companies to make money. not a lot of them. shame on me or shame on us for not discovering the scoop stack oklahoma play a couple of years ago. they got to work out the earthquake thing. that's a big deal. hopefully they will. that's my final thought as i get on i-35 and drive to dallas. >> all right. have a good trip down there. enjoy. >> thanks. >> i guess the focus of the hour and remaining two hours, remaining hour of trading, has been the markets and the sell-off the likes of which we haven't seen in several months. >> are we seeing long-term interest rates go up for real. >> permanently. >> yes. but have we seen the bottom? as peter raised earlier in the show, a pivotal question. >> heading into the final hour of trad

kpmg. coinuing ourommitment the nexnetion of weneaders. hey,se. who are you?'m vern, the orange money retirement rabbit fr voya. oran money represents the money you put away for retirement over te, your moy uld ltiply. hello, all of you. get organized at voya.m. >>> welcome back to "squawk box" this morning right here on cnbc first in business world wide. take a look at u.s. equity futures at this hour on tuesday morning after a long weekend. dow looks slightly higher. s&p 500 off 1 point and nasdaq up round up to 1 point. this morning's top story, $65 billion transaction in the works. bayer hiking offer for monsanto to $127.50 a share. up from $125. latest offer calling the discussions constructive. have been in talk since may. did elude to talking to something else though. >> reading it like monsanto supposedly understands this would be a good deal for them, but bayer shareholders don't want to go. >> monsanto wanted to consolidate. they tried to do the con sen ta deal. >> british air ways passengers facing delays overnight after an it glitch affected checki

an outside auditor is kpmg. they do a wonderful job. this is on us. we should have done more earlier and there's no question about that. i don't in any way want to minimize whatever portion of those two million accounts were unauthorized. we take that seriously, and they are the ones we put first. mr. williams: so let me move on. as c.e.o. and chairman of the board of wells fargo, how often did you meet with your board of directors? mr. stumpf: we have eight board meetings a year. mr. williams: did anyone on your board tell you to stop the incentive program, that they didn't like it, they didn't think it is good? mr. stumpf: there is a committee of the board that it's human resources and compensation, and that's not chaired by me. i'm not a member of that committee. mr. williams: so you don't know? mr. stumpf: i do know that we have incentive programs and we have controls and we have so forth and i don't -- that's what i know about that committee and about our business. mr. williams: did anyone on the board raise any concerns about the incentive progr

kpmg. continuing our commitment to the next generation of women leaders.ses... it keeps us comfortable and asleep at night. change your sleep, change your life... change to tempur-pedic. now thru september 11th upgrade and save on select tempur-pedic mattresses and adjustable bases. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understoake bias back 2 clicks. giving them the agility to have speed & precision. because no one knows & like at&t. >>> welcome back to "squawk box." there's the futures. triple digits has been uncommon to see lately. >> yeah. because of the lack of volatility. >> big lack of volatility. down 104 on the dow indicated this morning. going to need a drink. down 14 on the s&p and down 33 now after a weak session yesterday on the nasdaq. you'll see why i said i'm

>> the auditors kpmg. they do a wonderful job. this is on us. we should have done more earlier. there's no question about that. i don't want to minimize whatever portion of the 2 million accounts were unauthorized. we take that seriously. they are the ones we put first. as ceo and chairman of the board at wells fargo, how often did you meet new board of directors? boardht more beatings -- meetings a year. >> the entire to stop the incentive program -- did anybody try to stop the? program? >> that is not shared by me. i'm not a member of the committee. >> you don't know? >> i do know that we have incentive programs and controls and so forth. that is what i know about the committee and our business. concerns?body raise >> as we start to understand this issue, the board to direct action to make sure that and along with management, we understood for the customer harm was in to make sure that sales process -- that we did not have unethical the hitter. -- time. how many people in texas are affected by mismanagement? there were 149,857 accounts. >> thank you. for, thent to clause d gen

kpmg. continuing our commitment to the next generation of women leaders.mp is a phony, a fraud. he's not a serious adult. i can't vote for donald trump given the things that he said. trump should not be supported. i believe he's disqualified himself to be president. i just cannot support donald trump. wiback like it could used to? neutrogena hydro boost water gel. with hyaluronic acid it plumps skin cells with intense hydration and locks it in. for supple, hydrated skin. hydro boost. from neutrogena remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪ one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. we are all in for our customers. and you're talking to youro doctor about your medication... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira helping me go further. humira works for many adults. it targets and helps to block a specific source of infl

the audit by kpmg is underway.roduce the financial statement which are issued in october but will presented to you in your december meeting. we don't anticipate any material findings. we don't anticipate any difficulties in getting through this audit. >> your completed an internal audit with the comptroller's office earlier is that correct?? >> yes. they on an annual basis come to us and asked for various items including not just whether or not we were processing entries into the financial system correctly and have a backup. they also look at our policies and procedures, our internal controls, and they want us to do a more detailed policy or depth procedure for processing our journal entries, which we are doing as we go through and ending the year. >> but there was no material findings there either, correct? >> no. there are no material findings. you are correct. >> director dog >> i just forgot, as are seattle pointed out, we only have a $5000 budget and i forgot to thank the retiree organization because they gene