melissa. >> all right, seema mody, thank you very much.o there's a lot to pick from in terms of sectors expected to rise in the fourth quarter. interestingly, these are sectors that have been under pressure so far. health care, financials, except for tech. health care and financials and consumer discretionary. >> health care is continuing, because it the rhetoric -- political rhetoric dies down, i think people will find health care once again on valuation. i still think the ibb is interesting, right around this 285 level. if you force me to be with kensho -- >> i'm not forcing you -- >> sorry. >> there is no game -- forcing -- >> just the c block of the show. >> just a discussion. but go ahead. if you want to be with kenshow, you would be. >> i would be long. >> if you had to be with -- >> you know what, i don't want to be with kensho. i want to go against kencho on the oil. we have a major change in the oil market. i'm long oil so my money is where my mouth is. >> consumer discretionary up 85% of the time. >> i like that. >> seasonal, obv

seema mody, thank you. >>> and remember, this is not certainly the first biotech stock we have seen with this sort of binary outcome. we had nova vax, same thing. >> i don't want to say one-trick pony, but a lot of eggs in this basket. you can see how devastating that is. it would be easy say on had flush it's a stock you want to take a look at. i don't think it is. i think there is at least a few more days of this. the volume over the week is going to be huge. maybe we'll talk about this when it gets to single digits. >> at the same time, we have seen the same thing in reverse where we have seen the decline in shares because originally news is perceived as bad and then it turns out to be okay. roller coaster ride. >> i don't know about anything on the drug side of it, but just looking at the balance sheet, with this market cap being absolutely crushed, it looks to me like 400-plus million of cash. i don't know what their burn rate is, but now you're looking at something very different. it's not -- i mean,

will modi attack suspects across the border? as the boj begins its policy meeting, we will see what is in store. this is bloomberg. ♪ angie: ahead of the boj, let's get the latest markets right now. haidi: it has been a funny session because it really is the first day for a few days now that we had everyone back on board. yesterday, it was the session with australia with the technical glitches that forced it to close. earlier expected to open later. we had japanese markets closed for the public holiday but this is the picture. we had some gains of stocks. the nikkei back into negative territory. the only story is the bank of japan as we await to hear from a decision. are they going to do more, can they even do more and what the market feels about that. by 2/10 of 1%. extreme trading but not much sentiment to be had. china market looking like these -- hong kong down by 2/10 of a present and shanghai looking flat. just a quick check on the yen because we have these lines coming through from a member of the boj policy board until e

back to you. >> thank you very much, seema mody.g lower on downgrade from oppenheimer and the 21% gain made in friday's session. shares of disney. under pressure today from its own downgrade. we spoke to the analyst about that downgrade. but we are seeing disney shares take a leg lower here. it hit session lows on this report that if you're just tuning in, disney is interested in -- is in takeover talks with twitter at this time and perhaps, tyler, the ties between twitter and disney and specifically espn with football now are closer than ever. >> other than that, maybe i just don't get twitter. i can see that i probably don't get twitter. i don't intuitively see the fit other than the fact that espn and streaming and twitter and streaming seem to be flowing into a similar river there. other than that, i don't know why -- i can think of other companies that would be a more natural fit for twitter than disney. >> this is an interesting one and it is moving the stock, so we'll keep you posted on this. meantime, let's get the traders t

seema mody with the close.ll stay on the latest with these deutsche bank reports and the stock move, the risks for the entire sector. let's bring in david benamoo, chief investment officer at axman internal investments, choice short shares of deutsche bank, but long some other european banks. and our very own michelle crews a cabrera joins us back at hq. david, you've been defending the sector and their backstop. why don't you feel that way about deutsche bank? >> well, the issue on deutsche bank, just to be clear, is not a solvency issue. deutsche bank is not going to go bankrupt, i mean, anytime soon. the issue on deutsche bank is mainly profitability. deutsche, i would qualify it as a, let's say, a dinosaur. it's a bank which was iconic in the early 2000, which grew big, because regulation was pushing that before. and stayed big. they didn't adapt to the standards. so today they're just paying the price. so basically, we went short on deutsche stock in february 2016, not -- mainly because of profitabili prof

the prime minister met his indian counterpart modi on friday.e's making his first overseas trip since he took office last month. after the meeting india extended a $750 million credit line to nepal for post-earthquake reconstruction. the two countries signed agreements on infrastructure projects. >> that india stands ready and prepared to strengthen its ties with nepal, and we will do so as per the priorities of the people and the government of nepal. >> we share the view that given our deep and extensive relationship in meaningful partnership between our two countries is crucial to unlock huge potential that we have per our mutual benefits. >> nepal's former government blamed new delhi last year when an ethnic group with close cultural group to india blockaded roads along the border for several months. india denied responsibility. analysts say india is wooing the government in kathmandu to maintain influence after a surge of chinese investment in nepal. >>> political in india this week celebrated the end of the ten-day festival marking the birt

let's get to seema mody in the newsroom. >> reporter: restoration hardware moving sharply high. earnings blew past expectations at the high-end retailer shipped products earlier than anticipated. the company said that resulted in a pull forward of revenue and earnings into the second quarter from the third quarter. ceo gary freedman says this nal we'll begin to unveil some of the most significant initiatives in the history of our company that we believe will create an infliction point in our business beginning in the fourth quarter. but in its outlook the company says fiscal 2016 results will be impacted by certain short-term operational items including costs associated with rh modern production delays and investment shares though up by 8% after hours and still down about 50% this year. melissa? >> all right. thanks so much. seema mody. >> remember way back, when beginning of the year, restoration hardware came out and said people were delate purchase of the big-ticket items like sofas because wall street was weak, and we sort of mocked, it and then it came out that really consu

i'm seema mody. shares of bed bath and beyond higher after initially falling. perhaps even more of a blow, same-store sales down 1.2%. wall street expecting an increase of 0.4%. and com sales on the decline since 2011 as it continues to lose market share to online retailers as more consumers shop on the internet, melissa. >> thank you very much, seema mody. interesting bounce there off the after hours session lows. who would be a buyer of the 20% coupon store? the there. >> there is not enough scented candles and potpourri. >> thank you for that. i appreciate that. >> the point -- >> i'm long. >> i think -- the margins and the competition in their space are unbelievable. so i think this is a company that's been trying to find itself in this market. but it's been a sideways trend. i would not be looking to run into this. >> still ahead, one stock sitting out the rally today, netflix plunging 4% on subscriber growth. how worried should investors be? is and a look at whether of our traders would be buying. i'm melissa lee, you're watching "fast money" on cnbc, fir

josh lipton waiting for adobe and seema mody on kb home.l we have michael santoli and cardiff garcia. for more on action brian kelly, a lot to talk about. glad you can join us today. we almost heard negative on the bell. there is always a sense that markets either tend to hold steady or lift. yesterday and today you have the morning rally that leaked away. stock bond currency markets all in a pretty neutral condition near the center of their ranges ahead of the central bank action. one thing i notice is volatility index is up a little bit towards 16. elevated given how calm the markets have been which shows under current of uncertainty about the statements and exact nature. >> many people have been saying japanese decision matters more than the fed. >> not that we need it to slam the door shut but look what happened with the housing data. i think starts, permits, housing joins a growing list of economic trends that are favorable an outlook and indicators are more mixed. inflation and the consumer industrial production doesn't look like they

let's get to seema mody for a market flash. >> go pro shares falling as much as 5%.e comes after a competitor from china began circulating a new drone video. there is concern the dgi drone which costs as low as $749 and came out today could take market share away from go pro's karma drone. go pro's karma drone, $50 more and released just earlier this month. we're looking at shares of go pro down about 4.3% on the day. >> seema, thank you. >>> head winds for the hedge funds keep getting stronger. one of the biggest names in the industry is quitting. kate kelly has the story. >> word of richard perry shut down came as a surprise yesterday to many people in the hedge fund business. where speculation made the rounds that perry may be moving to a family office model but the plan is simply to close from what i'm told. he wrote in a letter to investors, though i continue to believe strongly in our investments, process and the team, the industry and market head winds against us have been strong and the timing for success in our positions just too unpredictable. he set out ti

india's prime minister, narendra modi, has met senior ministers in the capital, dehli, to discuss how to respond to a terror attack in kashmir. 18 soldiers were killed in the incident in the town very close to the line of patrol between india and pakistan-controlled kashmir. reports fromd delhi. justin: indian-administered kashmir has been in a state of uprising for more than two months now with almost daily violent showdowns between police and protesters demanding the end of indian rule. more than 80 people have died in the confrontation, including 2 policemen, and many hundreds more have been injured, despite the region having been locked down with a strict curfew. this is a homegrown revolt. the upheaval began when a popular young militant was shot dead by police in early july tens of thousands of people defied curfew to attend his funeral. but yesterday's attack on an army base has transformed the debate. it is the most serious attack on indian security forces in the area for many years, with more than a dozen soldiers killed and many more injured by 4 heavily armed militants. ind

we start here with seema mody. >> seeing movement in the retail space.s 2% decrease last year. braeblging out comparison sales of brand, gap global negative 5%. banana republic global negative 10%. old navy global positive 1%. cfo of gap sabrina simmons said we're pleased of old navy and remain focused on improving results a cross the global brands. brands down 1% in extended trade, kelly. >> intrigued to see how they do that. thank you. >>> another relationship of amazon and wells fargo is over. they had a discount of loans from the bank and after six weeks they end the partnership. kayla tau sha has more. >> it was supposedly a multi-year partnership and perhaps it worked better in reality than theory. the student pays for prime and then with two-day free shipping and amazon, they get a lower interest rate on his or her private student loans. at the time of the announcement, john rasmussen said the bank is focused on innovation and meeting our custers where they are, increasingly that's in the digital space. this was supposed to be a huge source of gro

minister may, event obviously president she and -- xi end cone and president park, prime minister modi. the president had a number of conversations with world leaders and he's interested in making sure that leaders in congress understand the kinds of issues that were discussed in that setting. mark. >> josh, on the 9/11 lawsuit bill, is there anyone else out reach the 9/11 families explain why the president is going to veto this bill that the place so much importance on? >> i have not had the opportunity yet i think to reflect on something the president discussed in his remarks yesterday. the president has found the families of those who lost loved ones on 9/11 to be a source of inspiration, they are an inspiration to him and the people all across the country for the kind of resilience that they have shown in the face of this unimaginable loss. so bears no -- so there is no effort to diminish the sacrifice that they hav made for the paint they have endured, or the heroism they have displayed over the last 15 years. and i think there are a variety of ways to illustrate that, particularl

prime minister narendra modi said today india will do so on october 2nd, because it is the anniversary of the birth of mahatma gandhi, considered the father of modern india and someone who famously lived with a low carbon footprint. india is the world's third-most prolific emitter of planet- warming carbon dioxide gas. its decision to implement the paris accord follows the announcement by president obama and president xi of china earlier this month, that the u.s. and china, the world's worst carbon emitters, will adopt the accord, too. >> sreenivasan: the average chief executive officer in corporate america earns more than 300 times the pay of the average worker. that's just one of many statistics that points to the growing income inequality between the rich and the poor in the u.s. it has been on the rise since the 1970's and become an issue in this year's presidential campaign. last year, the relatively young c.e.o. of a privately-held company, who does not need to answer to public shareholders, decided to turn that compensation equation on its head. in tonight's signature segment""

seema mody watching abe's comments.ficial countdown has begun, just 50 days until the november 8th presidential election. our john harwood joins us with the latest from the campaign trail. good morning, john. >> good morning, carl. start that countdown clock, 50 days to go. one week until the first debate, which is really going to tell the country that we're on the verge of a big decision. but i just wanted to as we begin the countdown take a look at the electoral battleground here. because we've seen the national polling tighten, and that has an effect when you look at how the electoral votes are falling. when you look at where they stand right now, the national race with hillary clinton just a couple points ahead of donald trump. you can see that she's got about 200 electoral votes that are solidly blue, that are likely to be in her column. donald trump has got 164. what that leaves is a dozen or so battleground states left to be contested. three particular clumps of those states, there's one in the midwest most promi

prime minister's modi campaign isboost india's economy designed to attract foreign investors to helpompete with china is the world's factory. the chief technical officer said every company should consider india a market. >> if you think about it at a broad level, we take energy, , and digitalness consumer products and services. , those areasies that have an impact for 100 million people and the potential of $100 million in profit. rishaad: plugging into the electric revolution, looking set for an initial public offering in china. the market open in hong kong and china, the final trading day of the week. the opening numbers are coming your way right after this. ♪ ♪ rishaad: preparing to host g-20 leaders this weekend in hangzhou . infrastructure seen by many as a way to kickstart sluggish economies, but there is a cost. carmakers among the losers in tokyo after every major producer mr. u.s. sales estimates in august, a sign that the six year growth run is coming to an end. the biggest incentive since 2009, but that has not stopped the annual sales rate from falling to 17 million. sams

the passage of the gst shows that modi still has some power and momentum behind his reforms.till one of the biggest changes in india since the 1990's. >> what do you perceive the asian markets? sheila: at the end of the day, people will still look towards china. it is the huge impact in the room. when you think about what is going on in china, the shift is never an easy one. when you think about that and the size of the chinese economy, what has been done is actually quite remarkable. people will want to buy take -- watch tick by tick. those are key factors for the impact on the overall markets within asia. there.heila patel julie: still ahead, it has been a years now since the collapse of lehman brothers, which sparked a global financial crisis, but one complex financial product is making a bit of a comeback. we will tell you what it is. this is bloomberg. ♪ live from london and new york, i am mark barton. julie: i am julie hyman anyone wanting "bloomberg markets." eight years ago today, lehman brothers collapsed, sparking a global financial crisis that took years from which

seema mody. mcdonald's offers all-day breakfast and now testing for its smallest customers.e breakfast happy meal be a hit? that's next. anything worth pursuing hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be open & secure. because no one knows & like at&t. >>> welcome back. mcdonald's is gearing up to test breakfast happy meals starting this monday. the kid focus meals will be available at 73 restaurants in the tulsa, oklahoma area. and if successful, could roll out nationally next year. mcdonald's stock up about 15% since first rolling out all-day breakfast in october

seema mody has details. >> another deal in the health care space. it's a wholly owned subsidiary of abbott labs. the deal is expected to close in the first quarter of 2017 and just to give you perspective on how big the subsidiary of abbott labs is it reported sales of around $1.1 billion in 2015. the acquisition primarily eye related. three business segments, cataract surgery, laser refractive surgery and consumer eye health. both stocks were moving higher on a report that the deal was coming together. you can see shares of both abbott labs at session highs around 1.5%. back to you. >> thank you. nancy, if you are still with us, i know you look at valuations and you have some health care exposure. you expect these deals to continue to pick up? if so what names do you like? >> i do expect it and last time i was on i talked about abbott as one of my picks. it is a company that is usually an acquirer. this is especially good news and i talked about j&j which hit higher valuations. we like amgen and medtronnic. medtronnic is a superior name in the spac

i'm seema mody. you just saw steve and jim's pitch. now let's meet the panel. joining us is new york angels board member alicia sirrett, nat burgess and david wu. >> how easy is it for any existing spa to add the services? >> whole body cyrotherapy isn't approved yet. >> i have to ask, is this an evangelical sale? >> if you freeze yourself at negative 260 degrees for three minutes, you're going to tell everybody you know. people are absolutely looking for this. they want to get off of pain medicine, stop taking anti-inflammation pills and a lot of stuff out there that you can google that tells you need to find something that is more sustainable over the long-term. >> i'm curious about the economics of the store. >> looking in the range of $200,000 to $400,000. every store building has the location for two different rooms. one room we can turn out 12 people per hour very easily the way we designed the facility. existing store can turn out $3 million. >> what is happening to your body when you stand in that chamber, negative 250 degrees. >> you step in the chambe

safra: what is amazing -- and i will tell you, what got me originally started was prime minister modilken -- to silken valley to talk about india. digital india. i saw a real vision and real ability to bring everyone forward. so i said i have to go. in february, i was there. i met with the prime minister. i met with the chief minister and many other officials. and i saw was real unity in 10 -- unity in intent. they had a vision of what they wanted to happen. they were going to make it happen. they knew that oracle could make a new reality. cory: in the world of software now, is the database the center of that for all of those companies? safra: well, what everyone is really talking about -- cory: i realize i'm asking the ceo of oracle -- safra: well you see, the database, that is where all of the day data, the iot, all of these things go somewhere. for a cocoa, their foundation -- our platform as a service -- is the database. but we have all the analytic tools. we have the infrastructure under it. we had the applications above it. so though it's our foundation, it's not all there is. t

. >>> let's get over to seema mody. >> carl, i want to draw your attention to the map here.e have seen an intraday reversal after the isn data here disappointed to the downside. there's more evidence of a slowdown? german manufacturing, the latest factory orders missing expectations. european central bang policy moo et is on this thursday, no action is expected, but once again verbal easing from draghi will likely be part of the discussion. one of the driving forces behind european stocks since the referendum voke in uk, gained 2%. home builders have been among the brexit winners. reporting a 23% rise in pretax profits, up more than 8%. despite these results, though, a major point of contention continues to be the uk's approach which was highlighted over the weekend and what was seen as a frosty reception to prime minister theresa may. the other big headline out of gg20, china's commitment to cut back on steel production. those comments, those bullish comments on commodities helping some of the miners outperform. against, a big rally shares up over 100% in to 16. >>> lastly

seema mody. >> european stock extending their losing stock to four. after the international energy agency cut its forecast for both this year and next. where we're seeing the action, iea taking its toll on france's total among "the biggest loser"s. reversing course, a bit of a balance, yield slightly above zero after hitting a two-month high in yesterday's trade on the germany front. we have a monthly survey showing german economic sentiment was unchanged in september from a reading of 0.5 in august, two points below consensus. the results also come in the wake of disappointing production and export data after the brexit economy. inflation holding steady in august at 0.6% despite the rising cost of imported raw materials following the uk referendum. number of economists see that data leaving the door open to a potential rate hike from the bank of england which, of course, meets on thursday. meantime, british pound currently at 1.3 against the u.s. dollar. now speaking of the uk, brexit minister says parliament may have to ratify legislation needed for

david, back to you. >>> thank you very much, seema mody. rick santelli with the santelli exchange. >> good morning, david. good morning, beeterman, beeterman, beeterman, aloha. >> aloha to you guys, from new york. >> oh, you're in new york. sorry about that. i want to know what are you seeing on the major sectors, bond or fixed income inflows, what are you seeing on the equity side, charles? >> well, the fascinating thing and last month we saw massive outflows from equity mutual funds and not as big an inflow into etfs. so that means that people are taking money out of managed accounts and putting less back into the market via passive etfs, which really means like the same thing like the bond market, there's a hollowing out of capital available to buy when there is a downturn. remember that markets do go down at some point when the central banks stop levitating everything. and when that happens there's no buying power underneath. hedge funds have redemptions. equity mutual funds are losing money. whatever money's going in is going passive.

and we're pleased to have seema mody riding shotgun with us today. >> hi, everyone. i'm seema mody. here's what else is up on "power lunch" at this hour. housing starts falling more than expected last month after two straight months of gains. u.s. attorney general loretta lynch says this weekend's explosions in new york and new jersey are being investigated as an act of terror. and the national hurricane center says tropical storm lisa has formed in the atlantic. it is not expected to make landfall in the u.s. >>> lots to get to this hour. first, we begin with the big fireworks on capitol hill. massachusetts senator elizabeth warren going after wells fargo ceo john stumpf in a big way. >> when it all blew up, you kept your job, you kept your multimillion dollar bonuses, and you went on television to blame thousands of $12 an hour employees who were just trying to meet cross sell quotas that made you rich. this is about accountability. you should resign. you should give back the money that you took while this scam was going on. and you should be criminally investigated. >> some stron

. >>> prime minster modi tells cnbc he is willing to risk political appeal to improve country. >> translator: there's ha message written on railway platforms. shortcut will cut you short. that's my opinion too. i'm of the opinion we should not take shortcuts. the results have been seen. the situation has improved so there isn't much to worry about. >> calls on g20 leaders to reject protectionism. telling cnbc exclusively that raising living standards should top the agenda. >> the answer is not protectionism. the answer is not fear. the answer lies in miranda rule trade, stronger growth, more innovati innovation. >> in corporate news, shares of rocket head back to earth after the german interpreter business sells off after posting first half loss. we'll be back in two. >>> good morning and welcome back to "street signs." let's give you a view of how u.s. markets are called to open with the count down to payroll on the way. keep in mind the u.s. is going to a long holiday weekend for labor day as well. expect a lot of activity. the s&p called lower by two points. the douj lower by two points a

. >> thank you very much, seema mody. he obviously has a lot of other issues to deal with. they didn't want to face the house financial services committee next week. >> i said buy the stock on the pullback friday. no question, i stand by the stock. the stock should be bought. the valuation here is compelling. i think a lot of it's been priced in. i think this is an incredible company. i do not believe that you're going to see a lot more downside on this, whatever the headline risk is out there, i do believe the only thing it's going to do is maybe cap the stock near term. >> i mean, i understand that at some point it will be a buy and there will be more headlines to come. but there are so many unquantifiable things here in terms of the compensation owed to customers who not only had wrong accounts but their credit scores impacted, when they went to get a mortgage, they couldn't get a mortgage high enough, and employees who may have been fil fired because they didn't fulfill their sales goals. >> they're well capitalized. >> they're all well capitalized. the stock's down 10%

amy: in india, more than a -- 100 million workers have gone on strike today to protest the modi government's "anti-worker and anti-people" policies. workers blocked railroad tracks and roroads across india. trade unioions say as many a as0 million workers may paparticipae in today's strike. this is brindada karat othee communist paparty of india. placecestrike is plaguing -- taking placace where there is false propaganda. it is accccentuated inequality o the extent that today's 100 of the most families which h were e most well in india have more wealth, have more assets than around two thirds of the rest of the population. in colombia, coca colala and moe than 50 other companies have been accused of financing terrorism. colombian courts accuse coca cola of hiring assassins from the paramilitary group, united self-defense forces of colombia, to murder at least 10 labor leaders between 1990 and 2002. american fruit company chiquita is also accused of financing the paramilitary organization. families of the victims of this -- have also sued chiquita in u.s. court. the case against coca cola and

this morning, he held talks with prime minister modi. this was the eighth one-on-one meeting between these two leaders in two years and probe the last before obama leaves office in january. >>> the national constitution center begins its fall town hall season tonight with a discussion about 9/11. tonight, alberto gonzalez will talk about the decisions made during 9/11. he was council to president george w. bush and served as attorney general and many of his stories were told in his new book, true faith and allegiance, a story of service, sacrifice, war, and peace. the national constitution center says his insights will be important for the whole family to hear. >> designed to try to provide historical ton text for yuck people or even for the rest of us, who in the passage of time, 15 years, i think, can sometimes forget just the vividness of that moment. >>> the town hall begins tonight at 6:30. >>> police are looking for a man who shot a man who was watering his lawn. riders on bike rode up to the 71-year-old victim and demanded his wal

i'm seema mody. microsoft raising its dividend to 39 cents per share, giving a yield of roughly 2.7%. microsoft also launching a $40 billion buyback program as part of a new share repurchase program. on track to complete a current repurchase program by the end of the year. the stock is higher 3% year-to-da year-to-date. >> thank you, seema. pete, is this one of the dividend yield stocks? >> i would throw this in there and also what you're talking about some of these names in tech, whether they're chips or the microsoft ciscos of the world, with great yield, approaching 3%, you look at the cash they have on the balance sheet, everybody always says, let's do something with it. well, they already did the linkedin deeshlgs now adding to this, now jump on the dividend. i think all of these make it a much more interesting company going forward. and the cash they put out. look at the cash on the balance sheet already. this is $40. i think they're doing the right thing at the right time. >> now to wells farg

seema mody's back at hq as well. >> hey, carl.g a four-session losing streak but mixed overall when you look at overall picture, despite data showing eurozone industrial production down 1.1% in july. that includes a 1.9% output decline in germany. but interestingly enough, one of today's big winners is germany bayer, agreeing to acquire monsanto. the stock fractionally higher in today's trade. on the flip side, a pretty rough day for the european luxury good makers. hermez saying it's scrapping its forecast next year, citing an uncertain trading environment. and then cartier parent richemont, looking for weaker demand in hong kong. and jean-claude juncker says the european union faces the danger of an unprecedented rise of p populi populism. if was raised as a concern at delivera alpha yesterday, but he insisted they will stay intact. >> translator: we expect and regret the uk decision, but the european union as such is not at risk. >> also today, the european commission's competition commissioner margaret vestager made the case f

joining us is seema mody. good to have you back. busy, busy day, markets have gone into the red. we continue to monitor janet yellin testifying on capitol hill. in fact, on that front, let's get back to steve liesman on capitol hill. steve? >> it's a scintillating issue here on the issue of bank regulation and dodd frapg, trying to be a little sarcastic, but she was asked about monetary policy and said there's no timetable for raising rates. she expects the unemployment rate to fall further and that most of her colleagues do expect a single rate hike this year. she was grilled on this issue of politics at the fed. scott garrett talked about something that i have not heard before, and we're trying to run down this issue. i'm going to repeat it, brainerd and the clinton campaign. but anyway, she said there's -- yellin responded, there is no politics in the decision-making at the federal reserve. a lot of this coming from comments from donald trump that the fed decided to keep interest rates unchanged, because of an effort to help the clinton campaign, a charge for which i have yet

seema mody's at headquarters with that. >> hi, kayla. european stocks poised to finish the session higher ahead of the fed's decision on u.s. interest rates. and as we await that fed announcement, there's now a wider discussion around the boj's implications on the rest of the world, specifically europe, which, of course, is also betting on negative interest rates and qe to kick-start growth. the bank of japan tweaking its monetary policy in a way that should help mitigate the cost of negative interest rates, which has helped japanese banks rally. the question now is will draghi follow the lead of kuroda in steepening the yield curve? that's been helping the financials which had been hurt by subzero rates. outperformer, europe's index posting the biggest gain in more than a month, up 2%. and if we just break down where we're seeing the gains in the banking index across europe, commerce bank up more than 3%, barclays similar gains, and bnp paribas also up about 3%. sticking with financials, italy's largest lender unicredit is higher after

. >>> i'm seema modi. stocks closing sharply lower. the dow toppling 394.he s&p flooding 53 and the nasdaq down 133. investors recalibrating today on worries interest rates may finally be heading higher. this after word that a federal reserve official will be delivering a previously unannounced speech monday in chicago. high dividend stocks like utilities and phone companies took the hardest hits with at&t shares ending the day 3.5% lower. now back to msnbc. >>> we are back. we are waiting for hillary clinton, but while we do, since we have a few extra minutes, there's no place i'd rather go, fill a few minutes than the big board. we're at the end of a week. in the home stretch. let's check in at the end of this week, what does the path to 270 look like? what is the state of this race? let's dive right in. here's how we'll take a look at it. this is what happens in 2012. we'll get hillary clinton to start with the obama states from 2012. he got 332. we'll give trump to start with the romney states from 2012. that put him at 206. if you are donald trump, the

let's send it to seema mody. >> i want to draw your attention to shares plunging in extended hours after company warned that sales are coming in below expectations. the mattress maker ceo saying net sales up to 3% lower than last year. the stock again now down 20% in after hours trade. keep an eye on this name. >> that is a huge downward move. this is a press release updating its financial guidance for full year and sales trends before it participates in the financial conference. really i guess a warning sign here from tempur sealy. >> it is unclear if this is a macro story. it has been a bit of a controversial name, a post merger story but they definitely have been streaky to say the least in terms of being able to grow. >> this sort of product directly tied to housing formation. you have to wonder is this a canary in the coal mine. >> we definitely want to know if that is the question. hillary clinton and donald trump going head to head for the first time during last night's first presidential debate. which got the upper hand on getting the economy up and running again. from oil prices

seema mody with that news. >> shares of weight watchers down about 8% after hours ceo james chamberss resigning effective september 30, 2016. the company says it is commencing a search for a new ceo to lead the next stage of the company's growth. this has been a challenging year for weight watchers. this is a company that grabbed spot light in october of 2015 when oprah winfrey joined the board. you take a look at the chart from october to now the stock is pretty much given up all of those oprah gains. >> wow. thank you. come out with new statement or something. >> it was below 7 when it was disclosed and went up to 24 and basically bled away the gains in the last nine or ten months. >> make her the ceo. >> make oprah the ceo. >> she seems busy sblmpt deshareholders would enjoy it. >>> time now for cnbc news update. >> here is what is happening. senate majority leader mitch mcconnell says congress is making congress towards funding the government and providing money to battle the zika virus. he made the comment before heading to the white house with other congressional leaders to dis

i'm seema mody. austin capital with $39 billion with assets under management coming out with a statement with settlement saying this has been a deeply disappointing episode. this conduct is inconsistent with our core values and not representative of our hundreds of employees world wide who are dedicated to serving our clients with utmost integrity. we have learned from this experience. we are pleased to bring this matter to a conclusion and remain focussed on generating returns. a developing story. power lunch is back in two. narrator: the best place to find adventure... kubo: come on, this way. narrator: ...is in the forest. kubo: wow. narrator: so grab your loved ones monkey: don't even. narrator: and explore a world of possibilities. kubo: it's beautiful. narrator: visit discovertheforest.org to find the closest forest or park to you. wouldn't a deal involve two parties discussing something? a little give, a little take. because last time you checked, your rate was just whatever they say it is. wh

seema mody, what is happening. >> api data shows smaller than expected build.to 8.4 million while gasoline inventories decrease. up roughly 25 cents on this api data. >> thank you. earlier today an institutional investor delivering alpha conference i did sit down with paul singer. he gave us his best investable idea. >> i think owning medium to long term g 7 fixed income is a really bad idea. and by removing from your portfolio things that are really bad ideas that is a helpful thing. it's not just go buy this or that. it is sell your 30-year bonds. the japanese swap about three weeks ago was just a tiny bit north of zero. it was like five basis points. today it's 60, 55 or 60 basis points which is a heck of a small yield for a 30-year instrument in a goodness knows what world. so sell long term bonds is my outright recommendation of an asset class. the reason i called it the biggest bubble in the world is because the bond market is $60 trillion roughly and it's at prices and yields never before seen and containing a tremendous never before seen asymmetry betwe

. >> we have to get to seema mody. seema? index down 3% on the day, uncertainty around when the fed will raise rates. the price of oil and the selloff in global bonds that investors say is primarily driving investors out of emerging markets down 3% on the day. but still up about 16% year to date. of course, one reason investors have said the valuations in emerging markets is justifiable is ultra late environment and given the rise of yields in germany and back in positive territory and france and spain and now a larger discussion around whether the rally can continue and not just emerging markets stocks but bonds, as well. bank of america saying this morning that debt funds just pulled in the biggest ten-week inflows ever. back to you. >> thank you very much. heading to the close, bob pisani joined michael block and me for the countdownment let's just review very quickly some of the markets and how they traded this week. the dow all said and done, you know, it looked -- the first three days of this week, four-day week. looks

seema mody has details. >> it appears disney may be considering a bid for twitter. there is a report that says disney has hired a financial adviser and looking to making an offer to buy the social media giant. cnbc reached out to both companies for a comment. jack dorsey is on disney's board. twitter shares trading almost double the 30-day average volume. disney shares falling on the report. not the only company that may be interested in twitter. there are previous reports that google may make bids. >> disney shares down 1.5%. when the bids about sales force on friday the sales force shares i think were down something like 6%. interesting to see how investors are reacting. >> we were talking about this earlier. jack dorsey is on the bizdisney board. >> might feel closer to home somehow. we shall see. disney shares down 1.5%. twitter up 1.5%. 15 minut about 50 minutes to go now. s&p down about 17 to 2,147 and nasdaq down 42. >>> fireworks before tonight's debate begins and donald trump, manhattan institute with us to go head to head with gene spurling. we'll hash out

. >>> right now to seema mody, a market flash for you on a friday. >> on the last day of the quarter,als in fact, energy and consumer staples are today's best performing s&p 500 groups. the comeback in banks largely due to lessening worries over the health of deutsche bank. there are three financial sector components that are still in bear market territory like mason, affiliated managers and wells fargo all down more than 20% from their recent highs and financials are currently the only negative sector year to date. >> we'll talk more about those financials just now. we're less than two hours away from closing the books on the third quarter. a decent quarter for the markets. all three of the big major indexes with gains. what can we expect in q 4? david leibowitz is global market strategist with jpmorgan market asset management. if i bought deutsche bank yesterday, i would feel pretty good today. should i be buying financials here? >> i think that when i look at the markets globally, the one pocket of value that is left is financials. financials have been beaten up because of negative

time seema mody.ld like to draw your attention to the mexican peso, which just hit an all time low against the u.s. dollar. now, a couple of factors working against the mexican currency so far this year, the drop in oil prices, weak economic data and the u.s. presidential election. in fact, citigroup in august wrote shah shothat shorting thes a hedge against a trump victory. down 12% against the u.s. dollar this year. >> thank you. >>> the iphone 7, if crew didn't he hear goes on sale today. josh lipton is in palo alto. >> it is fair to say that expectations for these new iphones were relatively tempered, but the new devices pack in a lot of new features and functions, so early this morning we did check in with fans to see what they're most excited about. >> i think the waterproof is one of the best features i'm looking forward to. and then just that they added the other speakers since they removed the headphone jack. >> i have the first -- the first watch. and i like it so much that i am ready to get

i'm seema mody.day, take a look at the russell 1,000 moving higher today as a wide range of stocks rebound. the leaders today include weatherford, solar city, and perego. rising after activist investor starboard disclosed a stake in the drugmaker, up more than 8%. but still off 34% so far in 2016. tyler? >> seema, thank you. >>> the video of hillary clinton struggling and nearly fainting as she gets into her car at the september 11 memorial event yesterday raising questions now about her health. could this latest health scare department her polling numbers and chances in the race for the white house? joining us on the cnbc news line is larry sabado, center for politics. mr. trump has not had his knees buckle that i have ever seen. but about whose health do we know more, mr. trump's or hillary's? >> hillary clinton's, no question about it. that's not to salute her. she's told us relatively little. trump told us even less. so the advantage for hillary clinton is as lacking in transparency as she is, sh

i'm seema mody. keeping an eye on shares of hp enterprise. hewlett-packard enterprise is in talks with buyout form tomo bravo to sell its software division for a price tag between $8 billion and $10 becoillion. that according to reuters. this does follow previous reporting that hx p enterprise was speaking to a number of priva private equity firms about selling its software business. we're looking at shares higher by about 1.7% following this report. >> a quick comment? >> fire eye is up big today. it makes sense if hp is selling something off, do they get into cybersecurity? and if so, do they make an acquisition? i'm not saying it's fire eye. >> intel is looking to sell its software business to private business. mcafee. >> that's been out there for a while. >> resurfaced again today. >> where there's smoke, there's fire. something's going on in the space. >> but timing. hp's stock is up 43% this year. >> okay. >> don't you normally sell stuff off when you need help, you're not doing well, you've got a laggard, your fat uncle sitting on your

let's get to seema mody for the market flash here. >> one question confronting bond investors is furtherk action. interestingly enough, the asian review reporting that the bank of japan is planning to push interest rates deeper into negative territory. this despite growing concerns about the adverse effects of negative rates on banks. this report comes ahead of the bank of japan's comprehensive assessment and policy meeting which kicks off next tuesday and we are seeing interestingly enough the currency market move on this, the yen depreciating against the u.s. dollar. holding on to 102.54. you can see it move on an intraday basis. back to you. >> seema, thank you. >>> the economy, the fed and monetary policy and hyperfocus at this year's delivering alpha, straight to steve liesman, lots of news in that world, steve. >> yeah, melissa. really interesting to hear the big hedge fund guys we have and investors talking about as well as officials. the focus is not so much on the single detail of the single rate hike, whether the fed hikes next week, but the biggest picture, how does the centra