modi affirmed that the u.s. and india forbilled add genuine, strategic alliance. >> i have a one word answer, yes. and with great confidence, i say yes. >> question. how much progress was made in india, u.s. relations this week? pat buchanan. >> considerable. mr. modi was on our watch list for virtually having been a war criminal when it was believed he had been indifferent to a massacre of muslims. >> how many years ago? >> that was in 2002, i think. i think he has been on that list. >> that was 12 years ago. >> he's been off it now. there is a budding relationship. where the chinese navy is. the chinese control parts of the territory they took 50 years ago. he is a democracy. we are no threat to india. and we can offer him something and he can offer us something. but you can't exaggerate this strategic relationship. this is not a military alliance. we have far more important strategic relationships with russia and with china and with countries like iran than we do with india. >> don't forget the brick nations.

on saturday, modi spoke at central park.anisms as a man who can speak to all people. share your words in ways we americans can understand. >> (indiscernible) (cheers and applause) >> jon: wait a minute! do other countries think we actually believe in "star wars"? i now honor the words of your prophet, do or do not, there is no try! we'll be right back. ♪this is the iphone 6. and this is the iphone 6 plus. they come with a thing called health, so they can help you track a lot of stuff. like today, i walked 3.8 miles. well, i ran 4.2 miles. well, i climbed 11 flights of stairs. well, i drank a smoothie that had 362 calories in it. well, i had a funnel cake that had 1230 calories in it. ♪ you know that's not good, right? it was good. it was delicious.♪ anncr: now you can merge the physical freedom of the car, with the virtual freedom of wi-fi. chevrolet, the first and only car company to bring built-in 4g lte wi-fi to cars, trucks and crossovers. hi mom. you made it! anncr: it's the new independence. (cheers and applause) >> jo

on saturday, modi spoke at central park. as a man who can speak to all people. share your words in ways we americans can understand. >> (indiscernible) (cheers and applause) >> jon: wait a minute! do other countries think we actually believe in "star wars"? i now honor the words of your prophet, do or do not, there is no try! we'll be right back. mimuppets: it looks so good.... animal : no flavour! kermit: when it's time to eat together... animal: sooorry. kermit: do everyone a favour, serve a drink that has real flavour. lipton fresh brewed iced tea is the natually refreshing way to enjoy your meals. it's the flavour we all savour, does any food a favour. gotta be more tea! tea-riffic liption. be more tea. muppets most wanted, on blu-ray and digital august 12th. (cheers and applause) >> jon: my guest tonight, an actor whose latest film is called "gone girl." >> your wife has no friends here. is she stand offish, ivy league? >> she's from new york. it's complicated. very high standards. >> well, that can make you crazy if yo

on saturday, modi spoke at central park.s a man who can speak to all people. share your words in ways we americans can understand. >> (indiscernible) (cheers and applause) >> jon: wait a minute! do other countries think we actually believe in "star wars"? i now honor the words of your prophet, do or do not, there is no try! we'll be right back. (cheers and applause) >> jon: my guest tonight, an actor whose latest film is called "gone girl." >> your wife has no friends here. is she stand offish, ivy league? >> she's from new york. it's complicated. very high standards. >> well, that can make you crazy if you're not like that. you seem pretty laid back, type b. speaking of which, amy's blood type. >> i don't know, i'll have to look it up at the house. >> you don't know if she has friends, don't know what she does all day and you don't know her blood type. >> are you sure y'all are married? >> jon: well come back to the program, ben affleck! ♪ (cheers and applause) >> jon: i'll tell you what made me laugh. so you're beefing up

on saturday, modi spoke at central park.ms as a man who can speak to all people. share your words in ways we americans can understand. >> (indiscernible) (cheers and applause) >> jon: wait a minute! do other countries think we actually believe in "star wars"? i now honor the words of your prophet, do or do not, there is no try! we'll be right back. oh, cheez-it grooves. it's a cheez-it, but it's light and crispy like a chip,ki. there's more than one world? they're among us? you're one of them. help! he's got a probe! it's a pen. we take the time for our cheese to mature in our cheez-it grooves. at t-mobile, get 4 lines for just $100 bucks. with unlimited talk & text and now up to 10gb of 4g lte data. grab the hottest new phones. get the best trade-in value on your current phone guaranteed. let's see the other guys beat that. get 4 lines for $100 bucks. and the best trade-in value guaranteed. (cheers and applause) >> jon: my guest tonight, an actor whose latest film is called "gone girl." >> your wife has no friends here. is

on saturday, modi spoke at central park.ms as a man who can speak to all people. share your words in ways we americans can understand. >> (indiscernible) (cheers and applause) >> jon: wait a minute! do other countries think we actually believe in "star wars"? i now honor the words of your prophet, do or do not, there is no try! we'll be right back. ♪this is the new iphone 6. and this is the new iphone 6 plus. they're the biggest iphones ever made. they're huge. yeah, but their size is just the beginning. even though they're huge. sure, sure. but they could change the way you see the world. oh, that is so huge. they could improve your health. huge! they're the biggest, most powerful iphones ever made. huuuuuuuggggeee! huuuuuuuggggeee! stop it, please. huuuuuuuggggeee! stop it... thank you. ♪ huge.♪ you exercise. you choose the salad. occasionally. but when it comes to staying well -- physically, financially, emotionally -- going it alone is hard. so cigna has your back -- and your knees -- 24/7. in sickness and in health. ans

modi comes to washington. >> it is an trexaordinary pleasure to welcome prime minister modi to the white house for the first time. it is critical for us to continue to deepen and broaden the existing partnership and friendship that already exists. >> i'm happy that we are meeting here just a few days after the indian and u.s. mission reached mars around the same time. after the u.s. summit on mars, we are meeting here on earth. this happy coincidence captures the relationship. >> a five-day u.s. trip this week with a working dinner with president obama and an overnight stay at the white house. in new york, modi met with fortune 500ceos and investors with his ambitious program to modernize india's economy. india is a democracy the size of western europe with a population over 1,250,000,000. ithas figured in asia's great game since the president of george w bush. in 2001 he lifted sanctions imposed by the u.s. on india after the country secretly developed a nuclear bomb in 1998. lifting the sanctions of pursuing a strategic relationship between india and the u.s. to can culture china's gro

modi wants to enlist the whole country to give india a makeover. start of the clean india campaign comes on a public holiday to celebrate what would be the 145th birthday of independence leader mahatma gandhi. de inlhi, -- in delhi, a crowd of workers and schoolchildren pledged to spend 100 hours a year cleaning. he said it is what gandhi had dreamed of. >> if we can make this a people's movement, we can have our name among the cleanest cities and countries of the world. >> in a country where waste disposal is often casual, the campaign is largely about reeducating the public. >> when each of us becomes aware, we will know where to dispose of our trash. people are not yet aware. they throw away piles of trash, even burn it. but it will take more than a few suites of a broom to get india clean. building toilets is also on the agenda. the government estimates nearly half of the country's 1.2 5 billion people don't have access to sanitation. even the ganges, considered by hindus a holy cleansing river, is heavily polluted with human waste. clean india

promised or modi's -- prime minister modi's latest decisions. ♪ >> you are back with "on the move."ian prime minister has boosted his ability to introduce unpopular legislation. all of this is very well part of the party. >> thank god with the public. boost thelp modi economic agenda. he led in those 2 states. the financial capital of mumbai and northern india being a bit more industrialized. they are not traditional strongholds and this win gives boost to modi's economic agenda. >> coming on the heels of a bold move. and also gas tariffs. >> this the biggest reform since modi took power. we are seeing that he has diesel prices from that controlled for the first time in over a decade in that the indian government thedone that and has raised tariffs on natural gas and big steps in curbing subsidies. the subsidies that were meant to and the budgetrs deficit, one of the largest in asia. analysts are saying these two big decisions, well it will help bring in a lot of investment and increase energy decline. >> thank you. ranked at number one for oil and gas. joining us is the head of oil

. >>> india's prime minister narendra modi, a devout hindu, visited the u.s. this week and met with political and religious leaders. during a speech at the un, modi praised the benefits of yoga and urged recognition of a world yoga day, which he said could help tackle global problems. modi's trip coincided with a nine-day religious fast, so he drank only water. some sikhs and human rights activists protested the visit, accusing modi of discriminating against religious minorities. >>> meriam ibrahim, the woman sentenced to death in sudan for refusing to renounce her christian faith, made her first major public appearance since she was released and moved to the u.s. in august. ibrahim was given a hero's welcome by religious conservatives at the values voter summit in washington. >> i am not a criminal. >> ibrahim thanked people who advocated for her. she pledged to help other victims of religious persecution, including american pastor saeed abedini, who has been held in an iranian prison for two years. >>> the supreme court opens its new term next week with seve

i'm seema mody. >> and i'm wilfred frost. welcome to "worldwide exchange." >> investors await u.s. gdp numbers. >> mean while, alcatel lucent rallies to the top of the stoxx 600. >> another day, another bank takes a litigation hit. barclay's sets aside more cash to cover a british probe. >> vw and renault shift into top gear. both carmakers cite a recovery in europe. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and a historic day for wall street, the central bank announced an end to the monthly bond purchases known as quantitative easing. that helps gains and increase the fed's balance sheet to a record. the question is do stocks continue to outperform despite no qe. but they do point out that the s&p 500 is higher by around 11% since the day before the taper was first announced. we're looking at futures right now. a mixed session right now, dow jones industrial indicating a higher open. the s&p 500 trading at 1,974. and the nasdaq will continue to be in focus. a lot

prime minister modi will have his first outing next month in myanmar. india plays an important role. we bring them in economically, politically, strategic discussions. even before prime minister modi took office for some time, each one of the structures has them as a key player. it's how i think the general expectation is while they will play a role in the region, the prime minister will focus on domestic, economic issues as all political leaders do. we encourage them to play an active role throughout the region. >> i will say briefly, senator mccain and i had the opportunity to meet with him after he came into office. we were struck that there is a lot of opportunity for the u.s. and india to gain altitude in a partnership that over the past few years has lost quite a bit of it. hopefully the meeting here is a good first step in that regard. i think our hope and the hope that's shared in the congress ry ambitious, that we'll have the sort of genuine strategic consultation about how we view the world, what we want the world order to look like, and reall

modi is visiting washington for the first time since taking office in may. the two leaders say they'll expand their collaboration on trade and investment. they also deepened their cooperation on renewable energy technology. they both are agreed to step up military cooperation, including expert exchanges and joint exercises. and they've discussed enhancing u.s. technology cooperation to help support india's navy. >> we are affirmed that as two of the world's largest democracies, it is critical for us to continue to deepen and broaden the existing framework of partnership and friendship that already exists. >> translator: i am convinced that india and american economic relations will develop rapidly in the future. >> both expressed their concern about rising tensions over territorial disputes in the south china sea. leaders of some southeast asian countries say they're worried about china's increased maritime activity in the region. obama and modi are calling on all parties to avoid using force to advance their claims. they say disputes should be resolved peac

narendra modi freeze up fuel prices to lure investors and spur the economy. moment in history in prepares to jokowi take power. good morning to you. i am angie lau. checking in on markets, we are seeing global equities, the rebound that we've seen, extending in asia. the asx 200 climbing more than 2%. aussie dollar at $.87. this is helping boost what we , a higher open. in new zealand, the sentiment continues. the new zealand dollar spot is strengthening. we are counting down to the opens in japan and korea. in japan, the nikkei 225 once before closed 1.4% on. the futures trading in chicago are pointing to a higher open. that dollar-yen is weakening. that is also helping to boost sentiment for exporters in japan. in india, there is optimism, as well. the prime minister has boosted his ability to introduce policiesly unpopular into important states. over the weekend does strengthen the prime minister's hand. >> modi is getting brought significant support. we have to mention that the bjp winning in these states, they are not a traditionally bjp stronghold. that

bilateral relations were expected to improve after the inauguration of indian prime minister modi, but with the combined death toll on both sides reaching 17, the international community is becoming increasingly concerned. patchari raksawong in bangkok is has the details. >>> the flare-up is the most serious violation of a 2003 cease-fire between india and pakistan. after several days of heavy fighting in kashmir, the reuters news agency on friday quoted a senior local police official as saying the fighting seems to have stopped for the time being. but there is no word yet that either government has made any concrete moves toward resolving the situation. reuters says there have been eight civilian deaths on the indian side and nine on the pakistani side in the violence which has lasted more than a week. thousands of people have been displaced on both sides of the de facto border shared by the two countries in the region. residents there are running out of patience, having suffered massive floods just last month. >> translator: we're so fed up with this constant gunfire. why don't india

leading by example, the prime minister narendra modi has been sweeping up streets in delhi to launch his clean india drive. civil servants, school children, factory workers as well have all been urged to join them. it's a five-year campaign that aims to improve india's sanitation. it's a major health concern. half of indians lack access to toilets. andrew north went to take a look at how the campaign is at a delhi railway station. >> reporter: this is one place that's getting a whole new look as a result of the indian prime minister's cleanup initiative. i've never seen new delhi railway station as clean as it is today. of course, in government offices across the capital, thousands of civil servants have been cleaning up their offices. the question, though, is once the cameras have gone away, once this big publicity initiative is over, sit going to make a difference? narendra modi is promising big things, that all cities will be free of rubbish within five years and that every household will have a toilet to stop this practice of people going to the toilets outside. very bold promise

prime minister modi will have his first outing next month in myanmar.we bring them in economically, strategic discussions. >> i think the general expectation is while they will play a role in the reason the prime minister will focus on domestic, economic issue as political leaders do. >> i will say briefly, senator mccain and i had the opportunity to meet with him after he came into office. we were struck that there is a lot of opportunity for the u.s. and india to gain altitude in a partnership has lost quite a bit of it. hopefully this is a good first step. our hope and the hope shared in the congress is that we'll be really ambitious. that we'll have the genuine strategic consultation about what we want the world to look like and bring it back to those questions. obviously, you know, the domestic priorities that the ambassador mentioned will be important for india. that will be a choice for india. when it comes to the issues we are talking about here, one of the things we are very pleased to see is the extent to which india is building relationships

modi's campaign has really taken off. >> reporter: indians, go clean up your country.k ago, prime minister narendra modi swept up a street and nominated might be the famous indians to do the same. but a week on, are indians actually doing the challenge at all? there's no doubt that "my clean india" trended big. two mlt facebook likes, 131,000 tweets on day one. but it began to drop off rapidly the next day. a 94% drop by a week later. the pm nominated nine of india's great and good. so far, four have actually cleaned something. though the actors of this soap opera cleaned their own set, not a street. this cricket legend did a massive street cleanup, but like a prominent guru, he seemed to forget to nominate anyone else. one top bollywood actress hasn't done it yet, but has already nominated 49 others. on the great indian public, so far we've only counted around 50 videos posted on youtube using the my clean india labels. >> in terms of the mechanics of the campaign, i have to struggle to find nine people among my facebook friends to say okay, who is the right candidate

modi was the chief minister where the killings occurred. he is never apologized or explained his actions at the time. british's acute or's have dropped a new terrorism case against a former guantÁnamo prisoner who spent three years in u.s. custody without charge or trial. held in seven months in britain for terrorism charges related to a trip he made to syria. he has said he has been harassed for investigating brushes -- british complicity in torture. other today, his release was ordered after prosecutor said there's insufficient evidence to bring him to trial on terrorism charges. you can see our interviews with him at democracynow.org. and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman with juan gonzalez. >> welcome to all our listeners and viewers from around the country and around the world. on monday, two high schools outside of denver, colorado canceled classes after dozens of teachers called in sick in protest of the county school board's proposal to revamp their h

i'm wilfred frost. >> and i'm seema mody. welcome to "worldwide exchange." here are our headlines from around the world. 46 s&p companies report today, including economic bellwether caterpill caterpillar. >>> and european zone reverse losses after flash pmi beats forecasts. >>> canada's prime minister is calling the fatal shooting of a soldier at a war memorial an act of terrorism. he says the country will, quote, never be intimidated. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> let's have a look at what markets are doing. u.s. futures, the implied open is upwards. yesterday was the first move down in the s&p and dow, all moves of less than 1%. nevertheless, we're expecting a bounceback in u.s. markets today. the implied open, 14 points. the dow up 124 points. the nasdaq up 27 points. let's have a look at european markets. it's been all changed during the trading session so far today. the ftse 100 is the laggard, down 0.6%. it's weighed down by tesco, which is off some 6%. but also weighed down by

i'm whim fred frost. >> and i'm seema mody. "squawk box" is next. in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider >>> good morning and welcome to "squawk box." investors not liking facebook today. the social network is getting slammed. >>> traders getting an earlier start. new evidence that some investors are finding advanced access to market moving information by watching "squawk box." actually, not. they're in documents and they're using the s.e.c. to do it. and finally, an unmanned nags sa rocket lighting up the night sky. wednesday, october 29th, and "squawk box" begins right now. >>> about morning, everybody. today is the 85th anniversary of the 1929 crash. at for the current market

grooeted narendra modi and cheered as he bordered the air graft.arendra modi met president obama and they agreed to expand cooperation on maritime security. >> translation: during the last four days in the u.s., i have seen extraordinary interests and excitement about india. and india-u.s. partnership among the people of our two countries. >> we have had an outstanding discussion around a range of issues, and we - during our discussions reaffirm that as two of the world's largest democracies, vibrant people to people contacts, india and the united states, including incredible indian american population contributing so much that we have so much in common it is critical for us to continue to deepen and broaden the framework partnership and friendship that already exists. >>> the head of the u.s. secret service has taken full responsibility for a security breach at the white house in september. patty culhane reports. >> reporter: the white house with fences, snipers and top secret security, it is supposed to be one of the safest places on earth. it cl

modi comes to washington. >> it is an extraordinary pleasure to welcome prime minister modi to the white house for the first time. it is critical for us to continue to deepen and broaden the existing partnership and friendship that already exists. >> i'm happy that we are meeting here just a few days after the indian and u.s. mission reached around the same time. after the india, we are meeting here. this happy coincidence captures

they need their modi moment that india is currently having. >> absolutely.ured elections on the second round runnup, even though she's leading around 39% at the moment. there's still a lot to happen in that election. >>> now, a an american freelance cameraman working for nbc news in liberia is on his way back to the u.s. after testing positive for ebola. the risk of infection from that patient is low according to the cdc. tom filed this report. >> if thomas duncan lied his way past airport health screeners, it may have exposed a attempt by the u.s. to detect ebola. >> flight crews and ground staff have all been on the lookout since march of suspicious symptoms. >> we tell them to look for a person who seems to be ill and to particularly assess for fever, whether that assessment is by touching a person with a dmroefd hand or the individual says they feel feverish. >> and other symptoms like vomiting, diarrhea and bleeding. the nerve center for inflight medical emergencies is here. the university of pittsburgh stat md handles 9,000 calls per year from air crew

i'm seema mody. >> and i'm wilfred frost.re your headlines from around the world. >> european markets open in the red after stocks have their worst october since 2011. major indices wipe out all gains in correction territory. >> time for answers. ecb president mario draghi expects to flesh out details on the controversial bond buying program amid increasing criticism from germany. >>> key russian policymakers and ceos call for moscow to get its house in order and focus on structural reform. but the economy minister tells cnbc they're sticking to a growth forecast. >> it's difficult to say. it's on their focus. >> automakers at the paris auto show tells cnbc they're cautiously optimistic on the european recovery. >> a worse here is it's behind us. i think the necessary measures have been taken. there's still a lot of work to do, but we are doing this. my job is a 4% euro and turn europe around. >>> and a rocky start to the month of october. we have to wonder if this is the start of that highly anticipated correction. >> absolu

. >> and i'm seema mody. these are your headlines from around the world. >> a kick start rally after european equities post their biggest one-day gain this year after the fed states rates won't be hiked any time soon. so the ceo of royal dutch shell shrugs off the oil prices. >> oil is at the moment in dekrien. but when it comes to the oil price, you have to look at it a different way, as well. it can be stable for a long period of time, as well. >> mario draghi will take center stage in washington, as well. an outspoken critic tells cnbc the central bank has far overstepped its mandate. >> according to its opinion, the -- is illegal. that is the promise to repurchase government bonds of problematic country. >> german exports posted biggest falls since the financial crisis and another sign europe's engine is stalling. webber defends germany's economic model. >> i'm more concerned that we are kind of have the wrong diagnosis of why the german economy is weak. if you as the medical doctor take the wrong diagnos

and the president praised modi's policies. >> i've been impressed with the prime minister's interest in not only addressing the needs of the poorest of the poor in india and revitalizing the economy there, but also its determination to make sure that india is serving as a major power that can help bring about peace and security for the entire world. >> woodruff: modi was once barred from entering the u.s. after hindus killed more than 1,000 muslims in the state where he was governor. across central iraq, car bombings and other attacks killed at least 47 people today, most of them shiites. while to the west, iraqi and syrian kurds drove "islamic state" militants from a key border crossing into syria, with help from sunni fighters. in syria, kurdish fighters and their allies battled to hold kobani, near the turkish border. the conflict has sparked an exodus, as the united nations heard today. >> over the past two weeks isil forces have advanced in northern aleppo and over 160,000 people, mostly women and children, fled into turkey in just a few days. their fear was so great that many p

he is likely to meet narendra modi. here are zuckerberg's comments on india's computer revolution.ave embraced science and research and education, the next generation here has the opportunity to define the future. and bring india to the world and the world to india. key to this next big opportunity is going to be a bracing the internet. >> here is the deal. india is already facebook's second-largest country. only 20% of the country is currently on the web. there this enormous opportunity. at 2.5 billion people could be on the web by 2018. zuckerberg and facebook hoping to tap into that. there's a sense that india is on the brink of becoming more tech savvy because you have a new prime minister, narendra modi, who famously campaigned by attending conferences via hologram. >> we heard some of this from columbia university yesterday. in technology is so much bigger than other nations. bezos, satya nadella, adam johnson will go next week. >> i would love to go. professor made the point yesterday. the infrastructure does not exist. there is a dream of reaching people but a lot of them d

. >> and i'm seema mody. these are your headlines. >> clenching 30% of the vote, he'll claim de la rusa in the second round. >>> and meg whitman says the spinoff from the hardware and services division is going to occur. >>> hong kong gets back to work. businesses in the city reopen but traffic is brought to a standstill as small numbers of protests continue near the government buildings. >>> and disney shares plummet as they announce a 1 billion capital euro hike. >>> you're watching "worldwide exchange" bringing you business news from around the globe. >>> we just got a brief budget through. it's come in for 2015 showing gdp growth at plus 2.9% driven higher by private consumption. it seems the risks to the committee are coming from abroad and unemployment seen falling to 22.5% from 24.5% in 2014. so still a very high level, but moving in the right direction. the primary budget seen at 2.9% of gdp. public debt at 316 billion euros, which is 168% of gdp. >>> moving on to brazil's pro-business candidate, he s

. >> and i'm seema mody. here are your headlines from around the world. >> european equities bounce back. goldman sachs ceo lloyd blankfine tells cnbc investors should not panic. >> it is responsive to the big news and the near record lows that we've seen in some of these markets. but i -- you know, i wouldn't get -- about it. >> that's right. ipo for jimmy chu trading marmally higher in london after pricing itself at the lower end of its range. >>> google misses the mark with earnings as advertising revenue slows. shares are sent lower in frankfurt. >>> apple's latest iphone goes on sale in china. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> it's been a turn ewe leapt week in equity markets, but it looks like we're going to end on a positive note. i don't want to tempt fate but nonetheless, for now, 1.4% on the stoxx 600. let's look at the individual markets. as you can see, it's a bounceback across the board. with the more volume title markets doin

i'm wilfred frost. >> i'm seema mody.ox" is next. >>> good morning and welcome to "squawk box." worries about growth in europe, europe sliding again following a big tumble on wall street and a pushback by germany on some of the stimulus. but nobody feels that great about this whole ebola thing. >>> earnings indigestion. the results from yum brands leaving investors hungry for more profits. and a big box retailer going strong. costco rolling out better than expected results. it's wednesday, october 8th, 2014, and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is off today. the dow suffered its worst session in more than two months yesterday. volatility is once again the name of the game. the blue chip index posting a triple digit move in ten out of the last 16 trading days. that is nearly two-thirds of the time. that is amazing with what we've seen over the last several years where there has been very sympathy trading ranges fo

i'm seema mody. >> european stock markets give up early gains after a volatile session stateside sees the dow posting its biggest intra day drop in three years. >> the yield clings after falling to the lowest level since may 2013. brent and wti crude continue their slide. >>> shire shares plunge for a second day at abbvie pulls the plug on its takeover. meanwhile, roach is still on the hunt for a targeted acquisition. >>> sales of nestle and car four tradi carrefour trading in the red. >>> good morning and welcome. the stoxx 600 was up as much as 1% about an hour or so ago ppts now down just below flat, 0.13%. but even a decline of 0.13% does not tell the full story. the uk and germany were both down nearly 3%. frabs, italy, spain down nearly 4% and greece was down 7%. 7% in one day. what on earth is going on? unsurprisingly, we see a bit of a bounceback today across the board relative to yesterday. the other european bourses are struggling particularly over the last hour, particularly portugal down

. >> and i'm seema mody. these are your headlines from around the world. >> hong kong protests, the biggest demonstration yet weighing on stocks in asia and europe. >> mario draghi comes under fierce criticism for his bond buying program. >> the uk super market says it will review its dividend sales. >>> french and russian governments lay out their 2015 budget. moscow cuts spending plans as sanctions take their toll. we're on the ground in moscow and paris. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> and we just got the final reading of the eurozone september manufacturing pmi. it has come in at 50.3. the previous month for august, it was 50.7.. it was forecast for september at 50.5 but came in a at 50.3, so slightly lower than expected. you can see the euro/dollar has moved down. also, five minutes ago, we got the german reading which came in at 49.9, below expectations at 50.3 and below where it came in for august at 50.4. again, slightly weaker than expecte

. >> and i'm seema mody. here are your headlines from around the world. >> shares in -- plummet after a takeover of the pharma firm. >> but a deal is on the horizon for qualcomm. the u.s. chipmaker offers for csr, sending its shares soaring. >>> oil extends its losses with wti hovering at $80 a barrel, its lowest level since july 2012. >>> russian prime minister dimitry medvedev says sanctions against russia have damaged international relations. speaking exclusively to cnbc, he says moscow has not closed door to anyone, but a reset with the u.s. is not possible right now. >> no, of course not. it's absolutely impossible, let's be clear. we did not come up with these sanctions, let's be clear. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> shares in shire are plunging at the bottom of the ftse after abvie said it would reconsider its takeover. you can see it's down 26%. shire has urged the u.s. giant to proceed with the deal saying the group could face

. >> i'm seema mody. these are your headlines from around the world. >>> european shares open lower with the dow reversing all the gains, but the bank of japan government tells cnbc it's a healthy correction. >> i don't think, at this moment, there's kind of -- >> and france fights back. the french minister says the outlook is a european issue, but the chief operating officer disagrees saying the government is to blame. >> of course it's about france. it's been a change in the outlook. it's a strong rating, aa, but we indeed believe the risks are increasingly tilted toward the downside. >>> a blurry outlook at luxottica. shares slump as the ceo steps down after just six weeks on the job. >>> a texas health care worker becomes the first person to contract ebola in the united states. the cdc says protocols must have been breached. >>> you're watching "worldwide exchange" bringing you business news from around the globe. >>> welcome on this monday morning. the euro stock is shedding 2.7%. and today it's off

i'm seema mody. and i'm wilfred frost. >> no blad on wall street this week. >> the world's largest beermaker loses its fizz in the third kwarder. inbev loses expectations in all of its core markets. >>> it's back in the black with bnp paribas. the cfo tells cnbc he believes the stress tests were credible. >> i think it's really a hotel exercise that can help with overweighted european banks. it leaves bnp paribas well capitalized. >> never say never. novatny says in an exclusive interview he does not think qe should be on the table now, but leaves his options open. >> you should never say never. i do not fear this perspective. display you're watching "worldwide exchange," bringing you business news from around the globe. >>> and on this friday morning, let's take a look at u.s. futures. it was a strong performance for u.s. markets yesterday thanks to visa, which helped power the dow putting tin decks within 155 points of a record high. talk about a come back. the dow trading higher in premarket trade

i'm seema mody.the ecb vice president tells cnbc that the stocks should continue to rally. >> there was in the market already the recognition that the low profitability that the banks had in 2012 and 2013 was indeed very much affected by cyclical factors and it will continue. >>> dilma rousseff vows to be a much better president after gaping 51% of the vote. >>> u.s. gas prices slump to a four-year low giving consumers a welcomed stimulus thanks to lower oil prices. >>> and the white house pushes back on several states to open force quarantines for medical workers returning from west africa. >>> you're watching "worldwide exchange" bringing you business news from around the globe. >>> and if you're just tuning in, thank you for joining us on "worldwide exchange." here's how the markets are faring ahead of the u.s. open. slightly lower for the s&p 500. we'll keep an eye on the nasdaq that did witness one of its best weekly gains in over two years. earnings will also take center stage with over 160 s&p

crowds at andrew's air force base greeted narendra modi, and cheered as he boarded the aircraft. in the u.s., narendra modi met president obama and agreed to expand cooperation on maritime security. india's looking to strengthen ties with countries closer to home. it's played a part in rebuilding the civil infrastructure, including health services. we have more from new delhi. >> reporter: it was a check-up with a local doctor in kabul when they found out she had live cancer. they travelled to india, because besides a diagnosis, there was nothing they could do in afghanistan. >> translation: in the last 10 years the government has not done anything. they do not make a hospital like this. >> reporter: afghans with serious illnesses come here, part of an agreement between the countries to share medical ex-peterees -- expertise and facilities. >> the treatment, sometimes free of charge, is part of goodwill. it doesn't end there. india's interest in building relations extends to training african doctors. >> the doctor is one of several doctors training at the hospital. he said the tr

a similar huge move when narendra modi became the leader of that country. on the phone right now, a man very familiar to wall street, an adviser to nevez. he also ran the central bank of brazil. thanks so much for joining us. >> happy to be here. >> so you are ann adviser to th candidate. if he becomes president, what will his first move be? >> three things. first get the macro right. we've been sloppy on inflation. haven't been hitting our budget targets. so we have to get those right to the decimal, no gimmicks. number two, tax reform. we have a crazy complex tax system and we'll go for deep, deep cleanup jobs, simplifying everything. in particular, to lift the tax burden on investment that is really hurt by this. and exports. and lastly, we have a massive gap in our infrastructure it should be a great frontier for near and huge investment here in brazil and we'll go for that primarily by mobilizing private capital and also getting the government to do its part. >> you run an investment firm right now. you used to be a trader. we're seeing huge moves in t

i'm seema mody. >> and i'm wid wilfred frost.hese are your headlines from around the world. >> u.s. futures point to a mixed open after the s&p 500 closes below its 200-day moving average. volatility hits a new high. >> citi, jpmorgan and wells fargo kicking off reports for banks. >>> the german zew fomg falling into negative territory for the fourth time since 2009. >>> fidelity has a new person in charge. abby johnson is taking over as ceo, a role she's taking over from her father who led the company for nearly 40 years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and if you're just tuning in, thank you for joining us on "worldwide exchange." here is a look at the futures. futures pointing to a lower open across wall street after the dow traded at a six-month low in yesterday's trade. stocks are choppy for all of monday's session with a sell-off accelerating. technical data dominating trade on wall street yesterday with the s&p 500 breaking its 200-day moving average.

seema mody from london. >> what is going on with germany? >> today's data very bad. industrial production in germany plunged in august. it was the biggest decline since the financial crisis. look to the right-hand side of the bar chart. that is a drop of 4% and economists expected a decline. this is raising the serious proposition that germany might suffer another recession. we are showing you decline. look to the right-hand side of the chart. that is last quarter, a decline. if this quarter shows a decline then you have the definition of a recession. and that is why the german market has been falling so much over the last few weeks. data point after data point shows the german economy is weakening. down about 4% from the last week and 7% in the last month. european financial crisis going full throttle in the summer of 2011. the european economy in many ways right now is actually in a worse economic position compared to that summer. the problems were in the prefry of europe, greece, now the problems arrived at the very core. we not saying they are on the verge of ano

do you think that this might be a reaction from pakistan to narendra modi's comments? >> no, i wouldn't say that. i think that it's sometimes possible for a shell to land in the wrong place and happen to be there at that time. i wouldn't take the number of deaths as an indicator as a jump. the big jump as 1st or 2nd october, when there was heavy bombardment from the other side. the last one year has not been good. 61 were killed last year, against 17, which is not bad for those at peace. 61, and 200 ceasefire violations was too much. the reasons go back a long way. basically it's the weakening of the two governments, ppp government was facing on election there was a new government and the congress government was on the way out. >> thank you for that. journalist and author joining us from new dellie, thank you for your insight. >> a suicide bomber killed five people in afghanistan. a government spokesman said the attacker wounded a former police chief and 18 others. it happened in lashkar gar in the southern helmand province. >>> dozens of protesters fought with the isr

i'm wilfred frost. >> i'm seema mody. "squawk box" is next. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ >>> good mortgage and welcome to "squawk box." a doctor in new york coming down with ebola. authorities are tracing his steps. >>> and microsoft scores while amazon tumbles after rolling out quarterly results. it's friday, october 24th, 2014, and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. the latest case of ebola detected in new york city, a doctor recently back from africa is now in violation after testing positive for the deadly disease. that took some wind out of the sails of the ramally on wall street. it's still gained -- it still closed up with a huge gain of 216 points. but that definitely took away some of the momentum late in the session. >> you he