i'm louisa bojesen. >> i'm nancy hungerford. "world wide exchange" is next. ♪ you're gonna hear what i say... ♪ i love taking stuff apart and building new things out of it. anne: pal's my most advanced annedroid. [gasps] this is awesome. ♪ oh anne: you haven't seen anything yet. announcer: give your cardboard box another life. good morning. brexit the face of eu exit has advice for trump supporters. follow my lead. >>> dancing with the swimmer. after a controversy. could ryan lochte win back his fans on the small screen. "world wide exchange" begins

i'm nancy hungerford and i'm julia chattily. these are your headlines. >> levels not seen since last november terror attacks in paris. >>> shares in red oaks get to the bottom of the stock 600. left out crucial details. >>> isle oil in retreat. reserve prices down from two-year high as warns recent recovery is fragile and not driven by fundamentals. a u.s. judge orders the expedited release of another 15,000 of hillary clinton's e-mails which were never turned over to the government. a warm welcome once again to "street signs." we've got some pmi data out this morning. the composite euro zone pmi for august coming in 53.3. the estimated was 53 actually so a touch better than expected. the flash reading 51.8. the forecast was at 51.9 so a touch weaker than expected, but very little there. if we look at the services component there, we got the forecast 52.p. that coming in at 53.1. that significantly better on the pmi services. if we tie it back to what we've seen this morning overall, we've seen a ten-month high in terms of the p

i'm nancy hungerford. "world wide exchange" is coming up next. 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. mplts good morning. today's test for the market, housing and oil. two key indicators could drive trading on wall street. >>> developing out of italy. dozens of caussualtiescasualtie details straight ahead. >>> clinton controversy. the latest as the presidential hopeful foundation comes under fire with trump calling her tactics of secretary of state, quote, pay for play. it is wednesday, august 24, 2016 and "world wide exchange" begins right now.

cnbc's nancy hungerford joins us now live from london. ancy, 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

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

i'm nancy hungerford, "world wide exchange" is next. they told me a bottle couldn't dream. that i would never become a superhero. [singing indistinctly] but i learned how to fly. just to come back in a new disguise, and be the hero i've always wanted to be. >>> good morning. break overnight. japan approves a $274 billion stimulus passage. the yen jumping to a three-week high. a live report from tokyo coming up. >>> crude realities, oil hovers near $40 a barrel right now. we're going to discuss the factors at play straight ahead. >> plus a cnbc exclusive. italy's prime minster backing the nation's bank. we'll hear from renzi in his own words. it's tuesday, august 2, 2016 and "world wide exchange" begins right now. ♪ ♪

i'm nancy hungerford. >> hi, everybody. i'm louisa bojesen. your headlines today. european markets treading water after fed officials push for new heights from the peeks of jackson hole. it's tyke to hike rates while r robert kaplan is saying it's moving toward taking the step. >> all the longer term medium term drivers. one job report is not going to drive our thinking. i do believe the case for moving accommodation is strengthening. >>> drug maker on the defense. lowers the price of some pens, but blames the u.s. health care system as she takes on more political heat. >> this isn't an epipen issue. this isn't a mylan issue. this is a health care issue. pharmaceuticals, the irony is the system incentivizes higher prices. and it's the conversation that no one has wanted to have. >>> nothing is not possible, so says opec secretary general when asked about an output freeze. mixed messages elsewhere. it will cooperate saudi arabia insisting that intervention isn't necessary. >>>. >> we've got good news, i think. >> uk growth rate boosted by strong household spending.

nancy hungerford joins us live from london. what are economists expecting from yellen today?nd see mode all week because a great deal of uncertainty surrounding exactly what the fed chair janet yellen will say when she takes the podium at about 10:00 a.m. eastern time. that's in jackson hole at the kansas city fed's annual symposium and everyone is wondering how hawkish or zdovc she will be. that means whether or not she will signal that a rate hike is coming sooner than the markets currently expect. either september, or december, and the market is kind of, they only see about a 30% chance of tightening. a rate hike in september. so if the fed chair says, yes, indicates that a rate hike could be on the cards, that could weigh on stocks. it will move to the downside because tightening is perceived as bad news for investors there. also watch the forex markets and treasury which have been moving in a tight range. elsewhere the private tech side of things big story coming out of uber. you've all heard of uber even if you've never been in one of their cars. it turns out that the c