erik: about six months ago, hardly anyone wrote about pegida anymore. it had gone past its heyday and now it is getting a resurgence. just remember, this is 20,000 people in a country of 80 million people. it is still a small group of people, a splintered group of people. one part of these, never caught on anywhere else. there have been counter demonstrations in dresden as well. pegida is not a threat to the constitution. it is not a threat to democracy in germany. sometimes, things just get a little bit heated. pegida is not about to take control of the government. it is a small group. melinda: if you are a journalist, you better hide your address the erik: i have been in dresden and i get a creepy feeling when they start shouting . it is definitely not what is wrong with these people, but it is a small group. melinda: the german interior minister said this week that hard, is being led by right-wing extremists. and said that the government actually -- absolutely has its eye on the movement. it is a clearthat political movement with a clear political ag

anti-pegida marches for also held. benjamin netanyahu once israelis against vigilante justice after the death of an eritrean man. police say an investigation is underway. let's look at the day's business news with kate moody, who has joined us on center will start by talking about climate change could we are half a month away from the landmark in negotiations in paris. a number of international institutions are pushing carbon pricing is the best way to fight global warming and reduce in-house gas emissions. kate: carbon pricing is pollute. paying to high-level panel is thrown its support behind a tactic. the leaders of chile, ethiopia, the world bank, and international monetary fund are joining forces in an unprecedented global appeal. speaking with the president of the world bank, he started by playing just what the pricing entails. >> what we know is that there is actually a cost to putting carbon in the air. it can be translated directly .nto human lives, for example carbon-based pollution actually takes the lives o

record numbers of refugees have led to anti-immigrant rallies, led to groups like pegida. many other germans have welcomed refugees. an individual in cologne said they were united against racism. >> we are standing together as democrats to send a signal against this abhorrent act to say we are standing together, beyond party politics and we are defending democracy together. >> supporters say violence and hatred will not define germany's response to the millions of people escaping war and persecution. victoria gatenby, al jazeera. >> iran's recent nuclear test, mohammed zarif added that none of tehran's missiles have been designed for mooucialg capabilitienuclearcapabilities. tehran will begin what's being called the biggest nuclear dismantlement in history. its compliance with the deal will see economic lifted. >> landmark nuclear agreement will mean that iran has to sharply curtail its nuclear program. a move experts say will significantly reduce its capability of nuclear weapons. in july when the agreement was reached, u.s. secretary of state john kerry said it was worth

first anniversary of the founding of the anti-islam peg pegida movement. >>> israeli police have ordered they say an immediate investigation to killings in the southern city of beersheba. an eritrean migrant who was mistaken for an attacker has died in hospital after being shot. he was also attacked by bystanders after he had fallen to the ground after an incident in a bus stop. >>> unprecedented clamp down on palestinian movement. it has built a temporary wall in the area dividing palestinian and jewish parts of the neighborhood. measures amount to collective punishment according to them and are in fact illegal. >>> israeli prime minister benjamin netanyahu has warned against vigilantism. report from mike hanna. >> reporter: occupied east jerusalem, miniature version he of the separation barrier are being erected around certain neighborhoods. having increased their presence in the palestinian areas, israeli police build these barriers in order to protect themselves. >> police protection from petrol bombs being thrown at them, for their personal security. >> reporter: residents insist th

examploneexample held in the cif dresden, to a demonstration to celebrate the first anniversary of the pegida movement. >>> swiss elections, all been a major topic for voters who have expressed concern about immigration. approving a referendum limiting the amount of migrants from the eu and the mayor of the french port of calais says troops may be needed to cope with the thousands of people living in a makeshift camp there. the numbers have doubled to around 6,000 in recent weeks. people in calais many of them hoping to make the to the u.k, 16 have died trying to make that journey. calais's mayor told a french radio station that lawlessness in the camps was untenable. bringing this all together from benedict dempsey, from an organization helping millions of people, primarily being affected by the syrian crisis. let me ask you first of all, you've been doing this work for years now. you've talked about the problems surfaced for months now, you have made the same points, there needs to be coordinated response month after month after month after month. and now you are saying the same thing. is a

you can cover it up or pegida, that you cannot take risk away. -- you can cover it up or patch you cannotake risk away. jonathan: how as it investors should we prepare for that? axel: people have been looking at the glass being half full. look at it going to as things coming crashing down. it is not just jump on deals that have to come back up. everything being equal, they want asset prices. people are going so worrying that -- remember, people have not been rebalancing. if you have a traditional 60/40 portfolio, people have not rebalance. , that hasople do that to weigh on asset prices. the fed being the biggest elephant out there will change the way people think. they don't want to change, that is white every time they that's that is why every time they take a step, they will step backwards. jonathan: in the city of london, there is a sense of perception that the fed is following the market, it is not leading the market. is that the sense on wall street now? tom: always the fed can surprise. of the federal reserve system is that it always surprises. i cannot remember a day like today wh

revenue is shrinking, and a return on assets is also going down to pegida competitors.ank, haso, a bigger a higher return on assets and almost no revenue growth. at least it is not negative. erikt to show you, what means by waiting around for better times. i have a five-year spread, although it has risen a little bit, if we can take my bloomberg up here, i can show you it has come down substantially from the middle of the summer. even though it is not doing low for the year, it is still a tough time right now for banks to make money. aephanie: christine, and different environment, one might say this is really tough for big banks when volumes are down. is that the case right now? christine: you're seeing a lot but we've seen some of these deals relying heavily on debt financing. that is not something they can participate in. we are seeing a boutique in london playing a role, they will definitely -- they will not be part of the financing. it also costs bank of america, if you are lazard, all you have to do is pay to advise. jpmorgan has to put big dollars up. someone come