it's india's prm modi in madison square gardens. not many world leaders can boast this kind of crowd pull from sidney's olympic park to san jose. housesing india's 25 strong, in 17 months, modi has traveled to nearly 30 countries, that's pretty much one day a week, checking out culture, taking selfies, getting emotional. there's no doubt modi's globe trotting ways generate buzz promoting india on the world stage, attracting foreign investment. but it also comes at a cost. >> he was trying to focus in the relationship but now i think it's getting a little excessive and he should stay and look at the day-to-day problems and find soluti solutions. >> reporter: the criticism extends beyond the streets. is it sure narendra modi just boarded a flight to visit india? wuhl home mr. prime minister, how long will you be staying this time reads this tweet? >> reporter: by the end of this year, modi will have traveled to 33 different countries. many people wonder whether ra racking up the air miles will translate into anything tangible for indi

issues cannot take issue to the one. >> modi's arrival has been given an official welcome. although not winning any seats in the muslim majority area here, parties say having the power in the local and central government means better recognition by governing parties. >> they want to follow modi's far-sighted vision. >> back the emid's neighborhood, all he and his neighbors can see is the start of another winter without a proper home. finally fulfilling their promise of a easier future. fez jamal, srinagar, india. >> say she was trying to fill up her car with gas, israeli forces say she tried to run o over soldiers. >>> more than 3,000 refugees landed on greek islands. alexis tsipras called an emergency meeting with several of the governors of those islands to discuss emergency planning. mohammed jamjoom met one refugee on the island of lesbos who's struggling to deal with the loss of his son. >> deepened the suffering, exacerbated the guilt. fahad simply can't bear the pa pain. >> translator: it's been one torture after another after another after another. how can i possibl

pushing grease down the spiral of bankruptcy and unemployment >>> india's prime minister narendra modis in the u.k. the british prime minister described his arrival as an historic opportunity. both governments expected to sign billions of deals. not everyone is happy with the visit. >> it's the first visit by an indian prime minister in more than a decade. it's been prayed for modernizing the democracy facing criticism for hard-line hindu beliefs. although narendra modi is india's head of state, his arrival was welcome with the pomp and ceremony of a presidential or royal visit, part of a british charm offensive, and what the british government hopes will be a chance to cash in on a raft of lucrative trade deals. >> british companies are expected to announce $15 billion in deals, including the sale of 20 millionaire craft. with 1.5 million people living in the u.k., prime minister narendra modi's visit a chance to deepen cultural ties. >> translation: i'm delighted to visit the u.k. this is a relationship of immense importance. the familiarity to people and shared values give it specia

modi hasn't replicated that love to the same extent. i know that india is the third biggest source of foreign direct investment in the u.k. so you would think they're quite important. >> yes. it is an important relationship and i think that there has been talk about building on this bilateral trade in investment. but we haven't seen a lot tick off in terms of being able to build on the numbers. there's talk about doubling bilateral trade investment by 2015. we missed out on that but they're strategic partners and the effort will be from the indian side to say we're not just investing in the u.k. we're creating jobs in the u.k. and similarly as far as u.k. is concerned the likes of jcb, et cetera, have significant aspirations in india and they're looking to grow their business so even within the g-20 nations the u.k. is the largest contributor of foreign direct investment into india so both sides it would be mutually beneficial to try and build on this relationship. >> and also we're talking a lot about business and trade deals and that'

saturday saying the aid package is not enough. >> the issues will never take political issues. >> modi'srainfall has been given an official welcome which saves power as the prime minister. although not winning a muslim majority area, members say having the party in power in the local and central government means greater benefits for locals. >> protesters don't care. they don't want peace and development. what people want, they want jobs and peace and development. they want the far-sighted vision. >> back in the neighborhood all they can see is a start of another winter without a proper home. hoping that someone in the government finally fulfills their promise of helping them rebuild. al jazeera, indian-administered kazmir. >> now building schools and a brighter future bottle by bottle. >> soon these children are going to primary schools will not have their food cooked and served outside. the building behind them is made from recycled plastic brick. there is a shortage of school buildings in some of south africa's poorest communities. >> plastic bottles are not biodegradable and end up in

up to now, the opposition was opposing narendra modi. the only way they could present at the national level was to oppose reforms in the upper house of parliament and the lower house as well. now they are back in the game again. they feel there's a state there. they can form a proper alliance, and challenge the b.j.p. and come to power in various states. the attention will be diverted towards making gains. as far as reforms are concerned. i suspect they'll mellow down the opposition. doesn't mean they'll accept the reform agenda. they would not stop economic growth >>> you expect them to moderate their provision agenda. does this election loss - it is one state, but it's a populous one. does it set the stage now for more losses for the b.j.p. and other state elections that are coming, do you think? >> absolutely. that should be the b.j.p.'s biggest fear. they'll lose because of a popular chief minister. importantly, what the nation will be watching is whether the b.j.p. uses the same or different strategies dividing people along the line

prime minister modi: we will open new doorways in the service sector. we will cooperate more here and in india. we will work together on energy. reporter: india is the world's fastest-growing major economy. the british government is pushing hard to increase overseas trade as it tries to shrink its large deficit in the wake of the 2008 financial crisis. reporter: workers in greece have walked off their jobs today in protest against government tax hikes and pay cuts. those are conditions to keep eu bailout cash coming. it is the first general strike since the left-wing government of prime minister alexis tsipras took power in january, and his own party, syriza, is backing the walkout, targeting the policies that tsipras was elected to pursue. reporter: the police fight back with tear gas and water cannon. what started as a peaceful protest has escalated. however, where there are no protesters, things are unusually quiet. ferries are stuck in port. bus and train stations are empty. government offices are closed. only yesterday's papers are available on new

prime minister modi will hoping to lure more british cash to india.s this we have a guest from bloomberg tv in india. the whole world is getting ready for modi. this is about business as well as p.r. >> absolutely. it has really been all about -- for the prime minister. bringing in foreign investment has been high on his list hurt but the timing is critical. he has just suffered a pretty state elections. he has been very criticized by the opposition with regards to the fact he had so many frequent foreign visits. what is going to be critical to see is whether or not visits like this will result in execution going forward? will we see those big bank deals? what will be resulted from this? manus: the press would sake -- he is being treated on par with the chinese premier, but does he have enough in his swag bag for britain. at home, they're asking, what is he going to come home with? abha: it is interesting you bring that up because brought up certain points where they feel india could reciprocate as, in fat, again -- in fact, again, timing is interesti

a so called grand alliance of parties with the aim of defeating modi agenda party or bjp and came to year's general election when he won more than half the seats here and that popularity continued in several state elections on what supporters called the modi wave but the sluggish pace and economic reforms slowed down by opposition blocking measures chipped away at support for the bjp. ♪ the first break came less than a year ago when the common man party won the deli state elections and recently they have been accusing bjp of dividing hindus and muslims for political game and they reasserted itself with what is considered an important victory. >> translator: the message is loud and clear from the country, that modi and bjp can't divide us and can't win elections by pitting hindus against muslims and in the coming days we will show them the country does not belong to a particular cast or religion but belongs to all. >> reporter: he visited several times to prop up the plan for india and had a subdued response from the bjp. >> translator: we respect the people's verdict and the prime mi

. >> proo test in indian administered kashmir as narendra modi visits with a multi-billion aid package, plus. >> i'm malcolm webb on the river nile. people here whether lose their jobs because of hydro-electric dam. >> egypt says information about what caused the plane crash hat not been shared. the comments from egypt's prime minister came from evidence gathered by the britain and the united states. >> the information we had about the incident had not been shared with egyptian security agencies, with any details. this is a question mark we should ask, we are the most involved party. we are expecting more technical information to be provided to us, instead of spreading it in a casual way. >> now, french investigators looking through the flight recorder data suggests an explosion caused the disaster last seat, killing 224 passengers and the crew. the bites can be heard -- pilots can be heard chatting normally. reports from the u.s. suggest. finally, parts of the plane's wreckage seems to suggest there were pok marks on the door. it could be the as a result of shrapnel. live in london wh

modi and state officials hope the a package will help boost support and confidence among people here but the fact that so much security was needed for the rally and to prevent protest shows that any announcement here is a tough sell. jamal, al jazeera, administered kashmir. >>> moving to pakistan where a teen has been pulled from the rubble of a collapsed factory after his parents mistakenly buried another body. 19-year-old mohamed spent 50 hours trapped under the debris of the bag factory here and hope had been fading of finding anyone alive, at least 45 have died since wednesday's disaster and they say dozens more people are still missing and kamal is there and has the latest on the rescue mission. >> reporter: hundreds of relatives are still waiting for news of their loved ones who are still under the rubble. but it is the recovery of 19-year-old mohamed, 50 hours after the collapse of the building that is now given a new ray of hope that perhaps their relatives may still be alive. the search and rescue operation is very slow because they don't want to move anything that might com

narendra modi is in the u.k.and he is very keen on modi and his story and what he could do or india. they are also working with modi campaign, helping to launch them onto the electoral stage. uy: we will get his take on the global economy. we'll take a break. ♪ guy: 7:30 here in london. here are the stories you need to know. anna: there's about the china's slowdown have dragged bloomberg commodities index to its lowest level since 1999. chinese stocks have also fallen the most in six weeks, weighed down by oil companies. u.s. crude is below $42 per barrel. guy: bloomberg says that china is trying to buy syngenta, valuing the company around $42 billion. if successful it will be the largest acquisition by a chinese company of a european target. 's agenda has resen -- syngenta has rejected it, citing regulatory concerns that a deal could be reached. anna: goldman sachs has promoted 425 people to managing director, the second-highest rank at the wall street firm. sources say women accounted for 25% of the names this

prime minister modi is on a three day visit to the uk. and so far, $14 billion in business deals have been announced between india and the uk. >>> live from wembley in northwest london, barker, we mentioned wembley is more used to hosting rock stars, and now we're seeing heads of government. it's one of the biggest events for the head of government here in the uk. how's it going? and what's the atmosphere like? >> well, it's an incredibly electric atmosphere here at wembley, and where in the world do you have a government addressing a football stayed yourself and getting this kind of reaction? of course many of the people here are invited guests, 60,000 invited guests in total. and most of the stands are full. they represent a cross-section of a small and large businesses, of politicians, of campaign groups, ngos. but as you mentioned, a cross-section of 1.5 million india nationals, members who live in the united kingdom, the second largest deas practice in the world. and as you mentioned with that, they have been here through the afterno

modi's visit to the u.k., tweet us.are back in a couple of minutes. ♪ welcome back to "the pulse." i'm francine lacqua. manus: and i'm manus cranny. here are our top stories. u.s. and u.k. officials are increasingly focused on the idea that a bomb brought down the russian jetliner that crashed in egypt, possibly with the help of an insider. the british government has suspended all flights from britain to sharm el sheikh. phil hammond says there's a significant possibility that crash was caused by an explosive device. francine: it is also super thursday today. the central bank is due to announce the latest decision on interest rates and qe. governor mark carney will also present his final quarterly inflation report of the year. manus: janet yellen has reiterated that a 2015 rate hike remains a possibility. in a testimony before the house financial representatives committee in washington, the federal reserve chair said a december lift remains a live possibility. ms. yellen: what the committee has been expecting is that th

. >> india's prime minister narendra modi visits indian-administered kashmir with the promise of help >>> we head to gaza to hear the story of a blind karate competitor hoping to represent palestine. >>> taiwan reaffirmed its commitment not to seek independence from china. chinese president xi jinping and taiwan's leader ma ying-jeau. shook hands. the first meeting has been called a symbolic moment of reconciliation. >> translation: today is an extraordinary day. the leaders of taiwan and china have met and gathered. this historic moment will open a new chapter, leaving a mark history. >> translation: both sides should stick to one china policy. we have to recognise that although there's one china, we have to agree. no independence will be seen from taiwan. it is not allowed by the constitution. . >> we go to singapore, where the meeting took place. >> if we show you the press corp that are still here. when this meeting was announced less than 36 hours ago, what singapore experienced was a dell usual of journalists, 500 journalists and camera men here, many from the asian pacific regi

won in several states in what supporters called a modi wave. they hoped a win here would give a credibility boost to push through economic reforms which have been lagging in the last couple of months. a grand alliance of opposition parties, including bitter rivals, got together to oppose what they called the b.j.p. playing politics based on religion, and countering many of the b.j.p.'s proposed reforms. this was going to be a psychological boost. it will be business as usual. the b.j.p. will have a majority in the lower house of parliament, and a minority in the upper house, which blocked several reforms from going through. in light of the results, b.j.p. and narendra modi, may have to take an amicable tone when negotiating with the opposition. >> she's called the afghan malala, a 14-year-old fighting for children's rights in afghanistan. malala yousafzai goes to school in the morning and runs her own school in the afternoon. she is nominated for the children's international peace prize, to be awarded on monday. jennifer glasse met her in kabul

before that let's get down to p business because we do have modi set to touchdown in the u.k. he's going to go straight to 10 downing street and then come here where he will be the first indian prime minister to address both houses of parliament. tomorrow is a wimbley event and he'll also have tea with the queen. but when it comes to actual business and deal making, reflecting maybe 12 to $18 billion in trade deals being signed which might sound like a lot but in comparison to the chinese president who is here on a state visit a few weeks ago they signed $50 billion so there's a bit of contrast here and won't be as much pomp and ceremony because the modi visit is not being considered a state one. there's only two the u.k. hosts each year but when it comes to deal we're expecting a signing when it comes to a military contract as well. india is going to try to buy up 20 of these bae, hawk trainer aircraft that they're looking to build then in india. that's an interesting deal to watch out for. also there's a lot of financials around this because india is looking at london -- for

modi had the mother of all honeymoons when he took over.here were elections in the recent weeks that were challenging. what is the backing that he has in india as he comes to the united kingdom? john: i think you're right -- the actions were a pretty big disappointment. he needs as much support from the regions as he possibly can to push through his economic reform agenda, which was currently stymied in the indian parliament. coming off that, we are seeing the first signs of discontent within his party. he won a massive landslide election, but as we are seeing myanmar,esia and me o it is hard to transform that into tangible form. tom: give us an update on what ability to transport economic growth and capitalism from a district, in this case north of bombay, to all of india -- it is assassinating a generational experiment. what is the report card? john: i think it is pretty mixed right now. we certainly can say that modi has been a failure since he came in -- but there has that some modest reform. people have been looking at him to implement

seema mody has the details. >> reporting a stake in xerox. a gain of 7.13%. carl icahn said shares of xerox are undervalued it. has been an underperformer this year. down 15% or so already in 2015. but again carl icahn reporting a stake in xerox of 7.13%. his stake in this company makes him the second largest holder. back to you. >> thank you so much, seema mody. this is very interesting position by carl icahn. this is a stock that hasn't done well this year. down 22%. maybe that is where the opportunity is. at the same time his portfolio now is a basket of stocks not doing well even after he has taken stakes. look at freeport macmaran, and transocean is another, chesapeake is another. >> let's not beat around the bush. >> demand is not necessarily there. >> i've said carl can do anything he wants to fix the company, but unless he could buy the back end products, the stock won't go higher. freeport macmaran is straddling $13. and it changed after the announcement he was in it and back down to 8:00 and i think it will have a seven handle. clearly headed there.

definitely not a winner so far this year. >> seema mody. thank you for the update. dan, we knew this was the loser recently for warren buffett and now we know it is a $2 billion loss this quarter. >> he talked about how there is a lot of cash flow that they are using to buy back their stock. >> and they are arguing they are buying stock and investing. >> they are just managing earnings and the earnings and the sales are declining. i'm shocked -- >> the justification for massive buybacks is typically you need to return massive amounts of cash to shareholders except they don't have any net cash on their balance sheet, people. so this doesn't make a whole lot of sense here. so this is really a stock you have to stay away from. they have not figured it out. >> and what does that mean. >> in the long-term? >> it is going down. >> looks like we're in full agreement here on the desk. time for total recall where we look back on open trades. last week both cohen and carter thought stocks were getting too hot. take a listen. >> we bounced off this trend line consistently, con

historic elections in myanmar from the outskirts of yangon >>> now, india's prime minister narendra modi announced 12 billi billion of aid for indian-administered kashmir. he wants to restore the former muslim state to its former glory. there was fighting by civilian and protesters, leaving one dead, despite the visit. we have this report. >> reporter: police confronted protests before the morning rally. almost as soon as the flags and balloons appeared on the street, police swooped in and contained the protesters, as some tried to run. they, like others, want self-determination on whether indian-administered kashmir should stay with india, merge with pakistan or be independent. local politicians and protest organiser was taken away by police, along with some supporters. al jazeera interviewed him before narendra modi's visit and said the announcement of aid will not subdue the conflict in kashmir. >> this is subject to justice, leading to resolution after resolution. it is all right, the occasion, but you need to dissolve the political dispute. >> reporter: at the rally the prime minist

india's prime minister modi touches down in the u. k. and his arrival brings billions of dollars of deals. we head out to wimbley stadium where he will be addressing thousands later on today. >> and a woof ride. how one dog and his skateboard broke a barking mad world record. can't wait for those pictures. [announcer] if the most challenging part of your day is the staying awake part... ( gunshot ) sleep train has your ticket to a better night's sleep. because when brands compete, you save during mattress price wars. and through veteran's day weekend, save up to $400 on beautyrest and posturepedic. get interest-free financing until 2019 on tempur-pedic. plus, helpful advice from the sleep experts. but mattress price wars and this special financing offer - ends sunday. - ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> welcome back to worldwide exchange. a huge moment to the u.k. and india. that's how the prime minister described his speech to british parliament yesterday. susan is where prime minister modi will be appearing th

and won the seats here and it continued in several state elections and what supporters called the modie sluggish of promise of reforms and slowed down by blocking measures chipped away at support for the bjp. the first break came less than a year ago when the common man party won the deli state elections and more recently election accusing bjp of dividing hindus and muslims for political gain and opposition reasserted itself with what is considered an important victory. >> translator: the message is loud and clear from the country, and modi and bjp cannot divide us and can't win elections but betting hindus against muslims, in the coming days we will show them this country doesn't belong to a particular cast or religion but it belongs to all. >> reporter: modi had visited several times to prop up his economic plan for india, opposition victory led to a subdued response from the bjp. >> translator: respect people's verdict and prime minister hasn't couraged the system. >> reporter: this defeat may mean further delays in the government getting promised economic reforms past and also sign

was it't a good result, for prime minister modi?feat for his government in the crucial north indian state of the heart. --bihar. -- bihar. the dominance of the government as a ruling has undoubtedly putting more pressure on the government to focus on governance and development in the next 3.5 years of his turn. investors would have been becausewith the victory they have to improve their strength in the parliament where it has a weak position than that is creating a major roadblock as far as getting some crucial political and economic reform pushed ahead. reallyisive which couldb -- the heart as investors are looking at the continuityi of the reform process under the modihar government with increasing skepticism and it is highly likely that the opposition will make it more difficult to modi going for just as we start the new session, back to you. indeed. thank you, that is it for trending business . we will recap the stories of the day so far, next. ♪ rishaad: this is the scene across victoria harbour in hong kong. that is the intern

. >> one of the world leaders we have not heard from is narendra modi of india. a lot of people are saying that india could be the spoiler to the party. what would be your message to him? >> well, i don't believe that the position of one should spoil it for the rest. i don't think surely there should be momentum where most go not all of the countries are on board. i think we're looking at something like the convention no, not all the countries signed to that, including the united states, but now it has become international law. whether the united states signs or not it has become law. i would like to think that we should proceed with whatever agreement we can. the rest can come in later. but to forget everything that has been done, the work that has been done into getting an agreement simply because one or two do veto. >> would you accept a weak agreement? >> no, we need to have an agreement that is meaningful to us. but i think having the united states or not having the united states or india, i don't think that should preclude the majority of the country's comi

modi held talks with david cameron at downing street and will address parliament later. our correspondent joining us from just outside the british prime minister's residence in london where not everybody is happy about the visit to the u.k. >> there are several thousand protestors representing a patch work of different organizations and groups. there are groups representing indian christians, indian buddhists, and muslim organizations, also. modi is the head of the government, the largest democracy on the planet has a huge mandate to lead in india, but he is also a divisive and controversial figure, as well. as a hindu nationalist, he is accused of fostering religious in tolerance in the country and putting hindu masses first. he is accused of turning a blind eye in 2002, leading to the deaths of more than 1,000 people. that led to a travel ban imposed by the british and u.s. governments. of course a very different situation now, the british government making up for lost time. this visit here to the u.k. has all the hallmarks of a state visit, although of course he is no

kashmir is run by a mums lim majority whereas modi is a hard-line hindu. faiz jamil was at the protest. >> protesters here have just been clashing with police. supposed to be contained in that area over there. they started mashing out waving black flags and balloons. the police just swooped in, almost out of nowhere and trying to push the crowd back they are protesting at a time rally here he is here to announce a larger aid packet to help victims of flooding and annoyance more development for the state. these people here say they don't want economic help. they want political freedom. tlept the issues in -- kashmir to be addressed at the political level. well, police here have a curfew and increased security around the city last few days trying to prevent protests look i can this from happening b, but smaller ones under ground messages, police are struggling right now but so far, it has been kept in this general area. >> now, in pakistan, a teenager has been pulled alive from the rubble of a collapsed factory after his parents mistakenly buried another bod

modi projects himself as a bit of a rock star at these events.n the other hand, outside wembley, we're expect iing thousands of protesters who say he's encouraged, or at least not done enough to discourage intolerance at home. what we mean is that many recent weeks there's been a number of muslims killed on suspicious of eating beef or transporting beef. after lot of people both in india and the uk say mr. modi could have done and should be done lot more to discourage that activity if. when he was speaking at a press conference, he did strongly denounce any form of intolerance. so at least that's one sign that things might be moving in the right direction. >> google and its self-driving cars, they have one of the best records on the road. no tickets, over 1.2 million nile mooils. but one feature keeps the prototype safe almost -- ended the streak, i should say. the car speed tops at 25 miles an hour and after a long line of traffic formed behind one, the california police officer pulled google over. you see it here. luckily for the record, it was

narendra modi announced an aid package for the flood victims and prommed more economic development -- promised more economic development. our correspondent was at the protest. >> protesters here have been clashing with police. the protesters are supposed to be contained in that area there. when they marched, waving the flags and the balloons, the police swooped in, almost out of nowhere and tried to push the crowd back, they've been running back and fourth. police have them contained to this area. they were protesting narendra modi's rally, and he is here to announce an aid package to help victims of the flooding and announce development for the state. the people say they don't want economic help. they want political freedom, they want the issues addressed at the political level. curfews and securities around the city, preventing protests like this happening. but smaller contained ones have gotten through. police are struggling to contain this. it is kept in this general area. >> candidates in myanmar held their final rallies before the parliamentary election on sunday. many hope it w

i'm seema mody with breaking news.lling 25 pst of its stake in microsoft which equates to $1 billion. why are they selling? they say it's due in part to the performance of microsoft stock in the fourth quarter. our position in the company exceeded 20% of our overall portfolio. they go on to say microsoft will continue to be one of our top positions. keep in mind value act does have one board. shares of microsoft down 0.9% after hours. >> still a holding. >> a couple of things. they've done a tremendous job here. the stock's gone straight up. it makes perfect sense that it's a valuation issue. it doesn't seem to be a knock on the company. very large valeant position. >> i was wondering about that. >> valeant has gone like this. i'm not sure of the relative size of the two. now they've changed. i wouldn't look at it as a knock on microsoft. >> bond yields on the rise as the market begins to price in the possibility of a rate hike in the coming weeks. if that happens, how can you protect your portfolio? great to have you,

i'm seema mody. a new filing shows steven cohens .72 asset management has a 5.5% stake in weight watcher. shares of the company have been rallying on better than expected earnings yesterday and up 4% after hours on this news. sara. >> seema mody. thanks very much. >>> massive shortcut. obviously oprah first. 20 is the key level for the stock. you don't need to do anything. >> oprah got a much better pop than steve cohen. >> good for her. >> to chipolte. a tough day for the company. a downgrade courtesy of rw baird weighing on the stock. cutting it to neutral from outperform. lowering the price target to 675 from 850 citing concerns over the e. coley outbreak. stores are still closed in washington state and oregon. is this going to hit sales, is the question. >> our analyst at cohen and company did an analysis of this. if all of the 43 stores stay shut for the quarter it is 11 cents hit for earnings so it is not a meaningful hit from our perspective. is this a broad based walk away from chipolte for t

prime minister modi is on a three-day visit to u.k. we have this update from wembley stadi stadium. >> reporter: the rock star reception here at wembley stadium for the indian prime minister. the organizers of this event said that they wanted to stage something of olympic proportions, and that's exactly what's happening here behind me. invitations have gone out to 60,000 people, and most of the stands behind me are almost entirely full. they have been entertained by a series of performances representing a fusion of different cultures both from the u.k. and from india, too. this is, of course, a very carefully choreographed, very well-staged managed event forming a backdrop to a three-day visit that haez seen the signing of $14 billion worth of trade deals in what both countries hope is a new era of cooperation between delhi and london. >>> a chunk of space debris burned up in the earth's atmosphere friday morning over the coast of sri lanka. it's believed to be a piece of a rocket, but the either's orbit is filled with pieces of junk.

modi being so decisive, so clear about this agenda, i believe it's worth while to take another look at it. india has all the prerequisites to be an economic powerhouse in the world. demographics goes like this. it's democracy and it will be in india in the next years to come. >> reporter: many hurdles remain including india's infrastructure deficit which hampers transportation of goods and services and hurts company's bottom lines. it's not just the traffic, it's also miles and miles of red tape, layers upon layers of led tape in the often corrupt bureaucracy which makes india one of the hardest places in the world to do business. to its credit, india managed to move up 12 pospots in the world bank's ease of doing business to 130 out of 189 but that is far lower than china at 84. while there's talk that india could be the region's growth driver as china slow, india still has some ways to go to catch up, but analysts say the southeast nation can still win the economic race if they can would investment. martin soon, cnbc, india. >>> joining us live from mumbai is the managing director at

more now from new delhi on what can be expected from mr modi's visit. >> reporter: decades of aid flowing from the u.k. to india, much of it to help reduce poverty will stop by the end of this year. the reasoning is given india's economic growth and technical logical advancements, such as sending satellites up into space and probes to mars, demonstrates it doesn't need help any more. it was said that aid from the u.k. was a peanut and not needed. in fact, p.m. u.k.'s visit will include signing trade deals with britain hoping to cash in on india's growth. many in india are fairly come foreladyable and confident that they will be able to fill the funding shortfall, but some here worry the new money from the government might become plight plight sized. while traditional aid may be ending, it will still be giving expertise in areas such as poverty reduction and clean burning energy >>> afghanistan's government says at least 8 million children are enrolled in school, but activists argue that as many 70% of the schools on the official list are actually bog us or only have a fraction of the stud

seema mody back at headquarters with that. >> hey, sara, that's right. warren buffett's berkshire hathaway beating on earnings but it saw unrealized losses of approximately $2 billion from its investment in ibm. but berkshire is sticking behind the company saying ibm continues to be profitable and generate significant cash flows. we currently have no intention of sfoezing our investment in ibm common and that we expect the fair value of our investment in ibm will recover and ultimately exceed our costs. sara, ibm shares have been underperforming the major indices, down about 14% year to date. definitely not a winner so far this year. >> seema mody. thank you for the update. dan, we knew this was the loser recently for warren buffett and now we know it is a $2 billion loss this quarter. >> it's funny, he talks about how they're generating a lot of cash flow that they are using to buy back their stock. just blow it up. so like at the end of the day -- >> they had argued that they are buying that stock and investing. >> they are just managing earnings, and

seema mody has more on the company's results. >> it is a beat from fit bit, the wearable device makerporting 24 cents adjusted on earnings versus the estimate of 10 cents. revenue $409 million versus the estimate of $352 million. the company during the third quarter selling 4.8 million devices that's higher than co want and co's estimate of 4.3 million and the revenue jump represent ago 168% jump year offer year, we are looking at shares down by 5.7% after hours, now down over 7%. we will continue to dig through this earnings report, but overall a beat from fit bit. >> thank you. you guys can all catch james park in a cnbc exclusive tomorrow at 9:00 a.m. on squawk box, sidewalk on the street, "squawk box," 9:00, 9:30 -- anyway, you will catch him in the morning. "squawk on the street." fit bit shares are down 6% right now, tim seymour, do you wear one? >> i don't wear one, i'm all about wellness, but i think if you look at what you have here, you have a lot of competition but you have 175 times earnings, it's a stock that went from 32 to 43 2 right into these numbers, it's a stock tha

has won it in several states in what supporters call a modi wave.y were hoping a win would give the credibility needed to push through economic reforms which have been lagging in the last several months. however a grand alliance of parties got together to oppose what they call the b.j.p. playing politics based on religion. it's going to be business as usual now. the b.j.p. will still have a majority in the lower house of parliament and a minority in the upper house of parliament, which has blocked several economic reforms from going through. in light of these results, it seems b.j.p. and modi may have to take a more amicable tone to get reforms through. >> she's been called the afghan malala. she goes to school in the morning and runs her own school in the afternoons. now, her work is being recognized. she's nominate for the children's international peace prize set to be awarded monday. jennifer glasse met her in kabul. >> sdiza is teaching the alphabet to children who might never have learned to read. she says knowledge removes obstacles and she wo

. >> reporter: many political p punits and other here thought it was a test of modi.ore than half the seats were won in bihar. they won several major states in what supporters called an modi wave with the exception here in new delhi itself in elections almost a year ago. they were hoping that would give the credit ability to push through economic reforms which have been lagging in the past several months. however, a grand alliance of opposition parties, so-called secular parties, including some bitter rivals, got together to oppose the bjp queueing it of playing politics with religion and saying that their economic reforms weren't doing anything for the country >>> for bihar itself as a state, how important was it for this election? >> reporter: well, it did show what the dividing lines were. there were speculations, even up until today, some polls showing the bhj having majority and others alliance showing majority. showing that was this election was going to be based on religion lines or caste. it has always been an issue in bihar itself. the fact that the alliance

not a bad number four modi's first visit to the u.k..of the deal with india, they are supposed to safeguard or create 2000 u.k. jobs. one of the key once is vodafone investing 1.3 again pounds in india. that seems like a five-year partnership. agreement on nuclear power plants and a deal to allow rupee -- they focused on the ties between the u.k. and india. the u.k. is the biggest investor in india. india is the third against foreign investor in the u.k. after the u.s. and france. thanvests more in the u.k. the whole of the eu combined. it is quite a staggering fact really. in terms of trade between india and the u.k., it has been relatively flat over the last u.k. -- over the last decade. if you look the comparisons between the two visits, it highlights china's economic clout in comparison. checkers, looking in palace. it is all, knitting in a big event at wesley stadium later today. that and there on importance of the trade between india and the u.k., we're joined .y karan bilimoria you were in the guildhall yesterday. the deal has bee

in paris, let's go to seema mody for some more breaking news. >> tyler, thank you. french tv network bfm is reporting that the hostage situation at the bataclan theater is over and that two terrorists have been killed at that location. this report has not been confirmed by nbc news. of course over the last hour we have learned that 100 people were being held hostage in the bataclan theater and people had been killed there as well. there was a concert taking place, eagles of death metal, and less than a few hundred yards away from the "charlie hebdo" offices. but the hostage situation at that theater is over. once we learn more we'll come back to you. >> thank you very much. meantime, let's bring in one of the most prominent observers of international affairs, ian bremer. president of the eurasia group. good to have you with us. there's a lot more we don't know than what we do know, but one of the things we do know events like this, whether they're the "charlie hebdo" attacks, the boston bombing, things like that, they felt more isolated and single to me than this on

narendra modi is speaking now. >> so the choices are not easy.but we have technology, we need now a genuine global partnersh partnership. democratic india must grow rapidly to make the aspirations of 1.25 billion people. 300 million of whom are without access to energy.we are determined to do so. guided by our ancient belief that people and planet are inseparable, that human and nature are indivisible. so we have set ambitious targets. by 2030, we will reduce emissions by 33 to 35% of 2005 levels. we will activate by spawning renewable energy for example by generating 165 gigabytes of renewable energy. at least 2.5 billion tons worth of carbon, we are reducing dependence on fossil fuel through lev levies and reduction subsidies. transforming cities and public transportation. we hope advanced nations will assume ambitious targets and pursue them it is not just a question of history and responsibility. they also have the most room to make the cuts and make the strongest impact. and climate justice demands, with the carbon space we still have develo

seema mody stepping back in. >> a potential media deal in the works.ow jones quoting sources as reporting that hulu is seeking to sell a stake to time warner, a deal that could involve cash and content licensing. now, this potential deal according to dow jones would value hulu at around 5 to $6 billion we are seeing some of these media stocks move including netflix which just hit session lows, down about 3.5% on the day. bill. >>> seema, thank you very much. we will be back, we've got the closing countdown here in just a moment. >> after the bell nbc's upcoming live telecast of the whiz isn't the only adaptation of the "wizard of oz" people are talking about today. yahoo ceo marissa mayer took her management team over the rainbow at a cost of $70 million. you're watching cnbc, first in business worldwide. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating ri

all of the things that the modi government promised us, they are not delivering.itics are becoming more complicated. meantime, economically economy is not performing the way we expected. so, it's still a good story, but relative to expectations, is no longer as positive as -- it is no longer as positive as modi had in mind. alix: great stuff, amer bisat. scarlet: now to a correction. on friday we introduced our guests as the gm of securities and he is no longer with the firm went in a fight. we will have the latest on greece's aid package from brussels, next. ♪ alix: i'm alix steel. "what'd you miss?" ministers met in brussels to discuss greece's bailout program -- i swear it is not five years ago. us, on the phone from brussels, bloomberg's correspondent. jonathan, what are they discussing and what are the snags? basically, this is a meeting of european finance decisionsat which no were to be made, but was a temperature taking exercise. for theas to qualify package. of its aid the greek government. an initial disbursement,ial but as is the habit of greece's credi

let's get to julia boorstin and morgan brennan and seema mody hungry for shake shack's results.s to all of you. we will have much more as they start to cross the wire. joining today's panel we have our own mike santoli and cnbc contributor carol roth, steve grasso will also join us shortly ever off the floor. welcome to you, mike. what do you make of this market? still the consolidation phase you were talking about? >> yes, and a gentle one at least at this point. if you were bullish come noog this week this is the kind of consolidation you want to see. still choppy, a lot of air pockets, a lot of stocks getting blown up when they don't deliver and facebook did hog all the oxygen today in terms of the upside, now it's stalling near those old highs, 2100 level we've crossed it 50 days this year. >> i think it's interesting that so many of the high quality momentum favorite names are getting close to their 52-week highs. whether you look at the fang stocks, some of the consumer favorites out there like the nikes of the world they're knocking on that door. it will be interesting to

now, they're protesting narendra modi's rally here. he's here to announce an aid package over last year's flooding and to announce more development in the state. but these people say they don't want economic healt help. they want political freedom. now they have increased security around the city trying to prevent protests like this from happening. but small ones, and police are struggling right now, but so far it is being september in this general area. >> coming up on the news hour, refugees who made the dangerous sea journey to greece call for a dignif dignified farewell for those who did not survive. >>> and jo will have all the all the details in sports sports >> a somali member of parliament has been severely wounded about al-shabab has claimed the responsibility for the shooting. the hotel used regularly by politicians in the capital was bombed killing 15 people. in the last three years before the formation of the parliament, 14 mps have been killed in mogadishu. >>> and in about a ru burundi there is widespread violence. the pr

. >> on that note let's bring seema mody in for a look.t's happening with the ipo, the price range not helping to to alleviate concerns about the ipo market. >> square pricing its ipo much lower than expected between 11 and $13. that gives it a valuation of $4.2 billion. a discount of 6 billion signed it was valued at in the private market. this comes after several newly listed companies had dipped below their offer price, a number of firms had scrapped their ipo plans all together some citing market volatility. the company is set to go public before thanksgiving at the new york stock exchange under the ticker symbol sq. >>> china set to open its ipo market after regulators suspended chinese companies from going public a couple months back due to stock market turbulence a move that was criticized by many and seen as a desperate attempt by the government to protect companies from the ongoing volatility. now, today's announcement comes as the chinese stock market rebounds from the august lows, shanghai comp sieve officially in bull market te

such are the mixed feelings about modi's presence here in the u.k.ay he will be addressing a crowd of 60,000 people at wimbley stadium. david cameron was keen to stress that this is about forging ahead in a new relationship. a modern relationship that really exploits all possibilities of building new financial relationships between the two countries and em-boldening trade between india and the united kingdom as well. in the past india has favored countries like france and even belgi belgium. so this press conference, and this end tire visit is all about boosting that relationship. most certainly the proverbial red carpet has been laid out. he is not the head of state, but this has all of the droppings of a presidential visit. >> and he is set to address the british parliament as well soon, we understand. that's -- that's quite rare. >> reporter: yes, it's incredibly rare, and a real sign of how important the british government are treating this visit by modi. this comes of course a month after the chinese premier was here doing something very similar

what people say photos and say, i wondered that has been modied or a wonder if the photographer states that, then we have just lost all credibility. it damages the media and i think it really damages america. these are the oj covers. time took the mug shot that came from the lapd and got an illustrator to darken the photo and put this dark vignetting around it. that caused a huge rubber or -- a huguge uproar. my favorite bogus celebrity shot photo. they put her head on and margaret's body. totally bogus but really campy and kind of interesting. we areeeing it with anything having to do with celebrities and stars. believe in what they are seeeeing and no that t`is represents the historical record. i think we have to maintain the viewers trust in photojournalism. we have to get it right. we have to create honest accounts of what really happened. sharyl: there were three other photos that were not part of the exhibit. david told us they are the photos of three friends and colllagu. tim hetherington and chris, spring uprising in 2011, and journalist james foley killed in sya in 2014, the f