@nancy cnbc or @louisa borj senn. welcome back to street signs. i'm nancy hung ford. >> i'm louisa bojesen. >> monte dei paschi shares soaring to the top of the stock 600 after the banks reveals a third bailout plan. >> stress tests shows that monte dei paschi is the only bank with a negative rating. >>> heineken shares sinking as currency headwinds way on the dutch brewer. >> this as the ceo tells the cnbc that weakness in certain markets should be offset elsewhere. >> we perform well in volume revenue and profits. the downside is our subdued performance in africa and the middle east, that's largely balanced by good performance in europe, americas and asia. >> and the meeting of minds. uber and rifle didi a tie-up in china that will be a combined company valued at $35 billion. >>> hi everybody. welcome back to street signs. we're just grabbing the uk pmi state a hitting on the wires right now. falling to 48.2 for the month of july. it's the lowest since february of 2013. the output component falling to 47.8 in july from 53.6 in june. this is very

you want to e-mail the show the address is "street signs" @europe.com. >> you can find me twot nancy cnbc speed on a developing story in london. police saying that three people have been discharged from hospital after a 19-year-old went on a knife rampage in central london overnight. one woman was killed and five others were injured. authorities are not ruling out terrorism as a possible factor while the suspect was known to have suffered from mental issues. urged the public to remain calm saying londoners safety was his first priority. >>> still to come on "street signs," aviva is delivering strong results in a tough environment. is it about to get tougher. we'll discuss is the insurance s sector. stay with us. we should probably move the bonfire over there. [smokey whistling a tune] i'm guessing smokey liked that idea. >>> let's take a look to european markets this morning. still in the red. just a touch lower. the banks higher this morning. let me give you a look as well at it will individual commodity prices moves this morning. this is one of the drivers of sentiment, the basic resour

let's go to cnbc's nancy hungerford who's joining us live from london. what else is driving stocks this morning. >> good morning, alex. well, european markets actually paring some of the early gains we saw on the big sigh of relief over the banking stress tests were a bit mixed now but it was a solid month for july not just here in europe but in the u.s., which saw the s&p 500 and the due jones hitting fresh record highs in the month as you know a lot of the strength at the end of the week was in tech from earnings with the likes of google parent alphabet, amazon, facebook all really outperforming in the last week's session. u.s. futures today are called higher i should mention but just slightly. now, back to tech. looking at the private side a big story today that everyone will be talking about concerns uber in china. it has emerged that uber is going to be merging with their top rival in china and keep in mind this has been a heated rival both companies have been pouring money at the competitive race there subsidizing drivers and that has cost uber in

cnbc's nancy hungerford joins us now live from london.nancy, what does the business world make of billionaires like mark cuban and warren buffett entering this fray? >> well, chris, that's right. it's a bit of a battle of the billionaires brewing up over the race for the white house, and you raise an important question, because when it comes to warren buffett specifically, he does generate a lot of trust. he has earned the reputation as the oracle of omaha and that's not just down to his frugal demeanor, his likable appearance, but it's also his business record over the years, at 85 years, when warren buffett speaks, people tend to listen. so specifically the comments coming out yesterday about donald trump's business record in which warren buffett said look if a monkey had thrown a dart at a stock page he could have had better rurns than donald trump did on some of his property investments. you have to wonder what impact that has when donald trump over and over again uses his own business record to trump up his record and saying just how

cnbc business news, i'm susan leigh and la guardia airport. >> i was mentions collecting just a few moments ago. asking what you collect. so i used to collect reracers. many, many years ago. nancytes in from the show, funny enough, i collected pence ls. we would have made a good team. >> the classic car market some say could be running out of steam. there's a link to the collecting. after years of rising prices which included the most valuable car to be auctioned in 2014. some expect it to decelerate now. classic cars are likely to hold on to the top stop of luxury alternative investments. >> tim is the head of cars. >> welcome. let's start before we get onto the collecting of cars. let's start with the actual market. is it decelerating a bit in pace. >> for certain areas within the classic car world, you could say so. i think that's really down to supply demand for certain makes, models, types within a large area of our world. >> what's the most popular thing at the moment. what is it that checks torres really want? does that change? does that stay stable. >> yes, it does change. that's why other vehicles come into the market and you see a new figure achieved, a great figure a