janet yellen and jack lew, mark carney, the u.k. chancellor george osborne will make efforts to solve a too big to fail issue with banks and financial firms. >>> now a texas worker becomes the first case of ebola contracted on u.s. soil. we'll have the latest on that developing story coming up next. >>> welcome back. more red in store for u.s. markets. futures point lower after the dow wipes out gapes for the year. >>> and fiat chrysler gets rolling with the ipo today officially emerging the u.s. and italian brands. >>> and the first domestic case of e bbola is contracted inside the u.s. >>> as we just mentioned, a texas worker has contracted ebola after treating a man who died at the hospital last week. the woman who has not been named is the first person to contract the virus in the u.s. she had close contact with mr. duncan. but it is unclear how this breach of protocol occurred. >> we are conducting a thorough investigation to figure out how this happened and ramp up infection control to do whatever we can to minimize the risk t

not necessarily mark carney.sons the bank is likely to go first, if we assume they are equivalent pressures, which is not the right assumption, the structure here is more independent. mark carney could be uploaded. -- could be outvoted. it would be unusual in the states for the committee to move with the chairman voting and the other direction. >> the bank of england and the fed face different problems than in frankfurt. we have political factors and elections coming up. we have an export area that is our nearest neighbor that is really suffering. what kind of a break you think that will put on the desire to hike rates in the u.k.? >> it is certainly a factor that will hold down our growth rate. and hold down our inflation rate. i'm not sure it is a new factor. this has been going on for a long. >> we are talking about putting a brake on the economy. if we were to see a deterioration of me eurozone, d -- if we wereld to see a deterioration in the eurozone. >> what would be the trigger it would be if there is a re

mark carney is under scrutiny because the bank of england had to shut down a system after payments. the settlement mechanism was suspended and remained off-line for nine hours. he said that the bank of england will investigate the cause of that. died in aef executive plane crash in moscow. it was confirmed that he died along with three crew members. reported thecy driver of the snowplow was drunk. we have the reaction from a leading figure and from shell chief executive. he was larger-than-life and a leader who was respected in the energy industry. he was a friend. let's get more. we are joined by caroline conan. what is the latest? >> we have the russian investigation that says the driver of the snowplow that hit his jet may have been drunk. is ongoing andon on the weather and was foggy last night that may have played into the balance. we are starting to get a whoement from the president said that france has lost a great leader who gave life to the french industry. the french president says that he was defending french technology and said that he admired the original personality an

only what happens when it does get fire adapted now at fireadapted.org >>> quick programming note, mark carneyill be on "squawk box", monday morning. don't forget to set your alarm. let's take a tweet. steven asks, thoughts on intel november calls. what do you think? >> the first thing i would say, i wouldn't want to reach out and buy the stock and try to catch the falling knife. it doesn't look to me any reason why it's going to find support right here. if i was going to make a bullish bet, that's probably the way i would be inclined to do it but a truer test will happen about a dollar lower. >> i wanted to short this thing, i was hoping it would actually rally back early in the morning. if the microchip ceo is correct, i think intel will be ground zero for a mega cap correction. >> it's one of the is it stocks we talked about at the beginning. if there's any pressure, this is the sector getting it. >> we have the final call here. last word from the options pits, what do you say? >> i would say this, on a day like today when we close this badly, don't come in monday morning and start shorting

bank of england governor mark carney will be on "squawk box" monday 6:00 a.m. eastern time. let's take a tweet here. steven asks thoughts on intel november calls. what do you think, mike? >> i would say i wouldn't want to reach out and buy the stock and catch the falling knife here. it doesn't look to me it's going to find support right here. if i was going to make a bullish bet on a snapback, that's how i'd be inclined to do it. but a truer test is probably going to happen a dollar lower. >> man, i wanted to short this thing. i was hoping it would rally back early in the morning. i think the microchip ceo, if he's correct, it will be ground zero for a megacap correction. >> this is one of the stocks we talked about at the beginning that doesn't have revenue growth. this is the sector getting it. >> all right. we got the final call here. last word from the options pits. . dan? >> i would say this. on a day like today when we close this badly, you don't come in monday and start shorting things and buying puts. wait to see how things settle out. then go and buy the november pu

this could cause mark carney to have to write a letter. this would be a huge change, wouldn't it?riting a letter to expand why they have underperformed on inflation. prices, are they top of the agenda or look through? >> they should look through and the bank probably will look through them. we have seen examples where they have written letters where the inflation rate has overshot the target at 3%. the rate is likely to be undershot. just as it did when it was overshot, they will look through the enterprises and supermarket price wars and discounting that is going on. lead to a 1% inflation rate. when wedoes it lead to think the rate hike will be and what does that lead for investing? , and theears to me official statement suggests that it puts out the rate hike. economy isew, the moving along reasonably well in the u.k. growth is decent. employment is improving. the unemployment rate is coming down. no sign of inflation. that gives the bank of england every reason not to put up rates , as early as perhaps the rest of the economy would justify. bond investors can put out the first

mark carney will be on "squawk box" monday morning.ou do not want to miss this. >> limited reaction to the broad market from the news and point out the nasdaq. that's where the story has been throughout much of this story and the deterioration is certainly picking up. within the last, you know, ten minutes or so. nasdaq down now 77 points. >> ouch. >> much of this could be put on the warning of microchip saying a correction is beginning. you have big chip names stocks crucialed throughout the day, intel getting hammered, micron, the smh is plastered. >> but again, if you think about everything that chips go into, saying that the industry is turning, that's -- it's obvious that this is the reaction. for now, face value. we have a ton of earnings coming up with some executives who will probably confirm or deny that report from microchip down almost 12% on the session. intel off about 5% weighing on the nasdaq with 35 minutes to go. >>> yep. take a look at the dow again down 46. s&p as we said 35 minutes to go in the week. you are watchin

mark carney, governor of bank of england it is a central bag had to shut down the system that handlesillion pounds of daily payments. the mechanism was suspended at 6:00 a.m. yesterday and remained offline for hours. they will investigate the cause of this disruption. now of course we covered apple's big beat after the close of trading yesterday. whose 'll talk about the designs power apple's products, that is is arm. their third quarter earnings beat. joining us for more on his company's results, simon. great to have you here. the shares up. a nice picture for you. i'm going to try to turn things around. what have we got this morning? >> 9% royalties growth. the c.f.o. talking about getting back to 15%. when are we going to get there? >> we anticipated the second half being strong thearn first half. royalties are 11% year-on-year. getting back to the levels we expected right at the stoofert year. based on what is going on in the industry and what licensees are saying and in their results, we are confident that is coming through. if people do not buy our products, that impacts our roy

they said, be prepared for the credibility gap increase from mark carney and hikes in the united kingdom to come a bit earlier. u.s. lly fizzles in the i am going to bore you to death. energy is in a bear market. this is just beginning to look like a bit of a heavier day around the marketplace. two technicians, there are a couple of markets where nearly 50% of stocks are oversold. dax, you're also seeing more than 50% of some of the big they are being oversold. less oversold are the u.k. markets and the ftse. u.k. to seeto the them turning that stuff into the ground. it is called iron ore. the market is still deciding. chilcote will take you through what he did. he delivered 11% return for shareholders. he produced more barrels of oil for a combined energy group. this pharma industry is under our spectrum. they are reconsidering their terms of their bid. they are meeting to reconsider the bid. shirer firm is -- pharmaceuticals was strong. them to look through those. buy a company in europe, drop yourself into ireland, and take your tax rate down. the u.k. chipmaker pioneered bluetooth. t

remember, the mark carney forward guidance originally was about going below 7% unemployment. the problem is, inflation. as you said. and wage inflation has been very weak. we've got that problem in the states, as well. >> coming with the wage inflation number, in fact, average everyonings has come in at plus 0.9% in august. it was forecast at plus 0.8%. it's not a huge ramt, but it is better than expected given that we had core cpi yesterday weaker than 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 ver

maybe he changes his mind as well. >>> the canadian running the bank of england mark carney, saying about the challenges facing over the global economy. steve liesman spoke to carney and joins us now with more. busy week in d.c., steve. >> yeah, talked to a lot of central bank governors, maybe none more important than the governor of the bank of england, sounding more dovish on rates than he has in recent months, lower inflation and trouble has in europe would influence boe policy next month's meeting. >> there is weakness, more broadly in emerging markets and europe, and europe is the largest trading partner of the uk. take into account clearly a more modest global recovery if that's the case in europe. and we in addition with that domestic focus, we really are concentrating on what's go on in the labor market, which is important as external developments for the path of monetary policy. >> carney saying take account of lower inflation. many markets thought the boe would the first major central gi bank to hike as soon as the spring. carney, though, not troubled by recent wild market swing

here is what governor mark carney said about how low inflation would play into monetary policy in england. >> there is weaker global demand relative to global potential, that is reducing -- that is producing a benign global inflationary environment. that's something certainly we do take into account. >> that's into account, weaker economic growth, and also domestic concerns are part of it. we heard that from stan fisher, the federal reserve president. sue? >> thank you very much. >>> come on in here, my friend. one of the benefits of working on the floor of the new york stock exchange, you get to grab art cashin and pull him into the shot. you put out a note, a morning note which distributes to many of us. couple of weeks ago you talked about the "d" word, deflation. based on commodity prices across the board in continue decline. what's your take on where we stand now? >> i think we have a potential problem. as steve put it, europe is a bit of a problem and back up in china the demand is allowing commodity prices almost across the board to begin to slip down. that's a worrisome sign. the

what did these mean for mark carney?y has to worry about the growth dynamic in the eurozone. if the fed is worried about growth in europe, the bank of england is definitely worried about it. decision. come a >> these are extraordinary yields and an e extraordinary global economy. >> it's really about liquidity and what the fed is doing to force the hand of the investor into assets that have a higher yield. can you be fully invested if janet yellen yanks the punch bowl? >> you have to be really careful. this is customary. every end of qe has created volatility for equities. volatility toct emerge as the fed shifts gears. there is a tremendous amount of uncertainty. thank you so much for being with us today. i'm looking for -- this is like february of 09. the german yield was just punched through to three digits. we have never seen this. >> it is shocking. the two yield is negative in three countries. you said earlier that you still like health care and technology. is that where you put the money? >> i think so. they are r

this involves federal reserve chair janet yellen and mark carney. >> still to come, you are london att of where equities are set to open lower in 12 minutes time. we have the head of global strategy. he will tell us what is on his mind. they with us at "countdown." -- stay with us at "countdown." >> it is 7:51 in london. the seventh-largest autoworker -- auto company increased. we take a look at chrysler's best performing makes and models. >> chrysler, now in the hands of reappearing in the new york stock exchange. how is chrysler doing? in 2013 chrysler sold way better than in 2009 but not nearly as good as in 2005. historically, chrysler has been the smallest of the big three, and that has not changed. gm remains the biggest. number two. the best-selling division was god. the best selling. with the selling. withorst the durango. chrysler's next best-selling was inp, which chrysler bought 1987. the best selling cheap last year was the grand cherokee. year was the grand cherokee. a one modelt division, which explains why the vast majority of its sales were ram pickups. the worst perfo

they said, be prepared for the credibility gap increase from mark carney and hikes in the united kingdom

rex i think mark carney would be devastated. >> is he in washington already?meeting early. >> when he wakes up in places rewind to watch the show he would be devastated. data.about the and the data, there is a lovely line. the private server data said wages are atsector record highs. the official data is friendly. when the last meeting came to pass there was a 25 basis point hike. manufacturing at a seven-month low. the lowest since 2008. >> that is our big export. >> there is this political shift occurring and we have these violations. could we see the u.k. independence party winning their first seats? >> this is the first meeting on that topic since the referendum. >> you can join in any of these conversations. it is nine minutes past seven. our guest will be here to tell us the latest trends in the u.k. housing market. >> time for today's company news. point $4 million in september. the same month he left pimco. then stocks have fallen back from a six-year high. it's to see has released its first action camera. it features a wide-angle lens and can record h

suddenly, the conciliatory tone -- maybe i'm wrong, but i detect a much more conciliatory tone from mark carneyability board in addition to being the governor of the bank of england. people perceive them to be very anti-big bank. >> jamie dimon should be sending a thank you note to regulators. in 2008, they had such massive long positions. they were part of the reason the market tanked. now they can only act as active agents and many investors have been hurt. >> will be watching. stephanie ruhle and air schachter -- and erik schatzker. we will be back in two minutes. ♪ >> time now for the global outlook. president obama will receive an update today on the fight against the islamic state. us-led airstrikes so far failing group'sthe sunni advances. peter cook it at the white house with more on the meeting. to discuss.lot the latest news is not exactly encouraging on these airstrikes. >> that's right, betty, they do have a lot to discuss. things are not playing out exactly as hoped here at the white house and some of those other foreign capitals. they have slowed the advance of the islamic state.

mark carney said on june 12 that tightening could start earlier than anticipated.s. investors priced in earlier rate hikes. as you can see, a lot has changed since june. carney has backtrack. the rhetoric has been that rates will be put back. maybe rate hikes. less and less of a chance of a rate hike in the middle of last year. the implied yield on short %,erling yesterday was .84 which still suggest there could be a rise but a much smaller one than markets felt back in june. forward contracts based on sterling overnight inter bank ever show investors have pushed back the hike to september from february. are penciling in a .40% rate in the second quarter and a .70% rate in the third. what is important is that sterling, rate expectations, the forces of the two linked. which has shown very clearly by this chart. >> what is the function? e, c? i will have to go to school to learn more functions. our house economist has joined us to talk about gdp. the whole market is pushing back their estimates on when -- these rate hikes will come. i need to do my red lorry, yel low

. >> mark carney raising rates sooner than expected? >> much less. if you don't have inflationary pressures, why would you raise rates? so the dovish members of the mpc will be saying we have no reason to rate raids at the moment. >> mr. carney has said global inflation is a global concern. he said trouble in european economies would influence the bank of england's path. >> there is a persistent disinflation in a couple of the economies. clearly, that's coming through. the commodity outlook is in some spaces a increase in supply, certainly in the oil market. the shale revolutions in the u.s. is material. but, yes, there is weaker global dmand demand relative to global potential that is producing a very benign global inflationary environment. that is something wernl we take into account. >> that means central banks around the world aren't stimulative enough. >> in some cases, the stomach ewe husband they're trying to provide still isn't getting through to the real economy. let's go back to europe. the steps being taken by the ecb to run stress tests,

mark carney remains a much watched figure in markets around the world. he sat down with me in an interview to sound more dullish since he thought england would be the first central bank to hike. carney expressing concern about global economic weakness and low inflation, but i'll begin by asking about the recent wild market storms. >> we have to accept that as this process moves forward, as some economies emerge, from a period of exceptional, unconventional stimulus there, will be greater volatility. and that in and of itself should not influence the path of normalization monetary policy. the real side factors, external demand pressures of the developments in the labor markets are certainly influence the business. >> we'll talk about the latest developments globally. weakness not just in europe but around the world. how does this change in your outlook in the u.k. for the economy on policy? >> well, we have had a strong recovery over the last 18 months and are now in an expansion. it's driven by domestic demand, it's reasonably broad-based much more than

mark levine, thanks for being here. i want to play a little bit of then-white house secretary jay carney, april of believe 2012 when he wasut white house involvement. >> there are no, to my knowledge, and have been no credible or specific allegations of misconduct by any member of the white house advance team or white house staff. >> now other sources have come forward saying there is official source material out there that shows that a volunteer who was part of the advance team, a young guy, he denies it but that he did have a prostitute in his room. the secret service says it told senior white house officials about that but you heard what jay carney said. >> first of all, jay carney said that in april and the information came to jay carney in may so certainly jay carney was telling the truth at the time he said it. i think this is a mountain out of a mole hill. some 20-year-old did something that's legal in colombia. he's working as a voluntary -- >> but tax dollars paid for him to travel there. >> we reimbursed his travel cost. compare that to a united states senator -- >> talking about senator vitter but that's apples