joe: on the subject of new ceo, porsche appointed oliver bloom.he production chief will take over october 1. the management shuffle follows revelations of an admission-cheating scandal. -- emission cheating scandal. 78-20 tally and artist -- endorsed an approach, house republicans want to use the must-pass measure to defund planned parenthood. those are some of your top headlines. joe: we are back with george from wells fargo. one of the things we are looking companiesen angels, that are not junk, but could be. where are we with this? what we looking for? >> the credit cycle seems to have read -- have turned. updates in terms of credit ratings. the mountain of debt sits at a cusp of investment-grade in high-yield has been on growing as downgrades come through. we talked about energy, materials, and those sectors have come under pressure. you've got somewhere between $150 billion and $200 billion in debt at the lowest investment-grade rating and also on negative outlook by one of the ratings agencies, so there to seeir bit of fodder migrations goin

oliver bloom the new chief executive, he will take office for porsche.ted to be named as twitter ceo tomorrow. dorsey has been serving as interim ceo the past three months. he's also the ceo at square. china may have banned facebook but facebook operating officer sheryl sandberg says the social network still manages to maintain a thriving business thereby selling ads to chinese companies. sandberg spoke at advertising week in new york. she was asked how long before the chinese been will be lifted. >> we don't know at all. we have been clear that our mission is to connect the world and a lot of people in the world live in china. any kind of timeline, we don't know. alix: there are an estimated 600 inlion users of the internet china. the federal reserve has approved the long-delayed margin between m&t bank and houston city bancorp, a deal repeatedly stalled. it was first announced more than three years ago. the founder of the world's biggest distressed asset firm said the firm is a bit gun-shy. [inaudible] they keep saying -- they lead somehow or other thr

>>> porsche production chief oliver bloom named the new ceo of the volkswagen unite.olkswagen. that's after replacing martin winterkor in the wake of the emission skap dcandal. i feel like this is the starting line for the move nick. gaining ground in iowa, the governor is joining us now to talk jobs, the economy, and more. you are gaining in iowa, but in the larger conversation, when you look at the polls, you know where you are relative to everybody else. >> yeah. i don't really care. >> you don't care? >> why should i? i mean, it's september 30th. you know, if election day were october 1st, i'd be worried, but, i mean, we've finished -- you're an nfl fan, andrew, it's week three of the nfl. we have to go through the regular season and playoffs other than the super bowl before anybody votes. how many ups and downs will jets fans have in that period of time? >> there's going to be ups? >> yeah. there will be for the jets, yes. they'll be ups. >> are you writing off donald trump, writing off carly and rubio? they are at the top in the polls. >> right, mark was in sing

olive and chester and mt. bouton in new jersey getting some showers. and in florida near blooming grove, you're getting some rain there. temperatures are in the 70s. look at all that rain to our south and west. that's what's coming through tonight. there could be some street and highway flooding in the morning across that area with 2 to 4 inches expected. so watch out. there are flood watches in effect. 75 tomorrow. look at this, 50s to near 60 for the highs on thursday and friday with more rain in the forecast. yes, we need the rain, but it could be a little bit too much at once. we'll keep tracking things for you and we'll have another update at 5:30. back to you. >>> when we continue, legionnaires disease in the bronx. >> you're right, it keeps happening. what keeps causing these cases and why is it always in the bronx? the information we've uncovered, coming up next. >>> coming up 6:00, months after the east village explosion, repairs have been made, but tenants in one building are still without gas. what's being done to get the -are you happy with your bathroom? i wasn't. unt