but i will be back with some clips of that conversation that peter mandelson had last night.hank you very much indeed. anna will be back as well and we will be talking tax. we are going to be talking to the tax research economist, richard murphy. theyuch exactly could raise from changing the tax situation here in the u.k.. would that solve the debt financing programs -- problems. , the woes about the w continue. german prosecutors have launched a criminal probe. havelabor leaders expressed some concerns that he remains very much at the top of the vw structure. let's go to a hans nichols. what exactly are they doing still? rn still hasnterco the top executive spot at audi and the porsche holding company. that controls 52% of volkswagen shares and the fact that he is still around, it may make clean up a little bit more difficult for matias muller. two point 5 million vehicles were expected and moments ago we learned from a spanish paper that there could potentially be issues in spain and from the prosecutor yesterday, they made it clear that they would follow this case wherever

remarkable be a panelist with me nna peter mandelson and umu and what does the labour party thinks laterening at 6:00 on our website. jonathan: thank you very much for you much more from anna edwards after the labour party conference on bloomberg tv. in other political news, president vladimir putin and barack obama will meet on the fringes that united nations general assembly in new york. the first face-to-face meeting in more than a year and syria is likely to behind on the agenda. putin sat out his agenda in an interview. >> no other solution to the syrian than the effective government and redirect them help in fighting terrorism. ining them to engage positive dialogue with a rational opposition and conducted before. herehan: ryan chilcote is with more. what can we expect from today's meeting? so many plots. if the subplot more important than the main event? widening i think so. putin wants to be heard and heard on syria. and he was to change the conversation from while where he is on the defensive on ukraine toward he potentially could be a leader on syria. september 11, 2013 vladimi

interesting to see peter mandelson there.hese are people that you could argue are maybe a little bit right of center. get a take on what's happening in the markets now. our next guest says he sees more dollar strength. let's bring in morgan stanley's global head of fx strategy. the yen continues to strengthen. quarter to date, we're up by 1.68% against the dollar. the market is running for safety. do you continue to see that trade developing? doi think there's a lot to with the interpretation of global liquidity. we had this morning quite interesting news coverage on "the financial times" regarding saudi arabia withdrawing from outside investment to boost or support currency reserves. what we are seeing globally is that currency reserves are declining for the first time since early 2009. this decline seems to be on trend. there are several factors playing in here. one is the global imbalance has become less imbalanced, but implicitly, you generate less savings. then you have the declining commodity price which seems to be lin