find us on twitter @seema cnbc.e'll be reading out your comments later on. >> coming up on worldwide exchange, more on today's market turmoil. find out why burger king is reaching out to mcdonald's in the name of world peace. >>> china steps in with another cash injection. this is following the fifth rate cut in 9 months. >> roller coaster ride set to continue. u.s. futures pointing to strong gains for the dow just a day after the blue chip index staged it's biggest reversal since the heart of the financial crisis. >> the oil price continues to take it's toll on transocean. shares slumping ove

i'm at seema cnbc and e-mail worldwide at cnbc.com. all right. moving on.ald's says no thanks to burger king's proposal to combine their most iconic burgers creating a mcwhopper. they used print adds on wednesday adding it's arch rival to do so to promote awareness of the u.s. annual peace day. they wasted no time rejecting the idea. he says let's acknowledge that between us there's simply a friendly business competition. all right. now if you had too much mcdonald's or burger king lately you might want to avoid the london zoo and here's why. toads, camels, pen convince and eagles were all lining up for their weigh in. they were to get 17,000 animals on the scales to log their weight. most creatures were bribed with food. they should do the same thing for the humans. still to come on worldwide exchange, a silver lining for tiffany. analysts praise smooth executive changes but the big impact will be china and the negative impact on the luxury players. we'll discuss that coming up next on worldwide exchange. >>> welcome. you're watching worldwide exchange and

if you want to join the conversation get in touch by e-mail, "worldwide exchange" @cnbc. seemai have to say whether or not you agree with the content of what he's saying, something you just pointed out saying it to brian, it's so refreshing to hear someone who speaks his mind. with the uk election a while ago, when you ask a politician a direct question, all they hear is the topic and they just regurgita regurgitate, it's refreshing. donald trump just says what he thinks an he's not worried about being overly politically correct. >> it's many of the things he says are very controversial. the question is has he gone too far. of course, he did. that's why he had to do some damage control over the weekend. speaking to a variety of hosts about what he really meant when he made those comments about fox news anchor megyn kelly. >> i think that is indeed what he meant, it seems that was the case or he wouldn't have gone on the defensive too much. i agree, the content of that is not really acceptable. the other interesting thing off the back of this, all of the candidates, barring now

robert frank, cnbc. >> i'm going to be really boring on this, seema. i don't get it. if i wanted to spend money on a car, i want it to be modern, efficient, with all the added extras. collectible car? doesn't do it for me. >> because you can only look at it. you're not really going to be riding it that often or driving it -- >> i presume these enthusiasts -- i hope they drive well as well. i hope they're not just to look at. >> they're also a collector's item, so you have to be careful and not take them out to the country every weekend. >> you're probably not going to, like, jazz it around late at night really fast, but they're definitely still operational, though, aren't they? they'd better be, otherwise it's more stupid. >> operational, but i think you have to be careful and not use them on a regular basis, perhaps. >> just so you know for christmas, i love a range rover. >> i'll write they down. >> all the extras, probably like a dark red. >> good, good. keep the wish list going, all right? >>> still to come on "worldwide exchange," in the face of escalating violen

seema mody. >> i'm wilfred frost. >> crude edges off 12 month lows. renowned investor telling cnbc oil prices will stay subdued in the short-term. >> the decline in oil production that was anticipated has not yet occurred and i'm not sure it will occur. prices will be soft for a little bit. >> chinese stocks swing higher after the country's regulator takes more action to stem volatility. but intervention is not the solution. >> they are desperate and will use every rule in the book to do that. unfortunately as you know the more they do the more uncertainty there is in the market. >> puerto rico defaults for the first time ever. the government's death spiral warning comes to fruition. >> pimco probe. the investigation into the bond giant for pumping up returns of a popular etf once managed by bill gross. >> if you're just tuning in thank you for joining us on worldwide exchange. u.s. stocks falling on the first day of august. futures pointing to a higher open so we could be in for a rebound. in 2014 august was the strongest month for wall street with the s&p 500 gaining about 4%. na

our cnbc team has it. seema modi standing by in london.i. >> they're calling it black monday. it's not me. this is coming from the official chinese state media beijing isn't even putting a gloss on all of this. 8.5% at the settle am. this is the biggest one day percentage loss since the global financial crisis, since february 27th, 2007 to be exact. what fueled the selloff was disappointment among investors that we did not see a policy response from beijing over the weekend. remember, we saw some very digs appointing factory data last week. the market broadly was off by 11%. hopes were running high that we would see some sort of response, some sort of policy response from beijing. we didn't see that. we could yet see it but a lot of people are telling me it has to be bold in order to make an impact. that's the damage report over here in asia. let me hand it over to seema modi in london. >> sri, european stocks under a significant amount of pressure. the stock's seven-month index, a sea of red. there was an overwhelming majority of economic

our global cnbc team has the market story covered this morning. seemaody is standing by in london but let's start with sri in singapore. you gave us a lot of color yesterday about what china did with some of the moves but when it was all said and done, at least over here it didn't translate into higher stock prices. >> that's right. it acted as something of a circuit breaker i would say but the sense in the market was this was too little, too late. it was a good start arguably but more needs to be done and the pboc does have policy scope and the ammunition so there is room for more easing. it was a curious reaction in the regional markets because they were well received in some quarters. the nikkei, japanese equities were a case and point as well. but the easing measures didn't really benefit the market that needed them the most and that was the shanghai composite. it was down, today, for the fifth straight session at fresh 8 month lows. we penetrated the 3,000 handle closing 1.3% lower and we saw extreme volatility and extreme swings, 3% in either dire

our global cnbc team has the market story covered this morning. we'll talk about it as seema mody is in london but before that hong kong where susan lee is hanging out. >> i think everyone agrees out here it's consensus that there was government intervention and buying from china in the last 45 minute of trade because we were down 1% and then up 5% which is the biggest rally we've seen since july 9th or so and we saw these sizable bids coming from china finance security corporation backed funds and it's backed by the state council and other people took notice of the csf flows and it did seem obvious that china stepped n. they were buying banks. some are saying this support is showing china and the markets look pretty good. and there's a term called saving face. that's what they're trying to do going into september 3rd. we're seeing funds going back in with china supporting the market again. they're trying to keep things light and hong kong following china's rally but akocross the regions we saw japan following wall street's lead seeing a rally of 1% but they say this was not