to give us a preview, steve sedgwick is live in london. you heard those numbers. what are people going to do with their money today? >> fascinating. do you sell in advance of the shutdown? or do you sell during the shutdown? if advance we've had the main of those two numbers you've just mentioned in the last six, seven sessions, we've fallen six times and fallen 2%, right bang in the middle of those two numbers. very interesting that a shutdown historically does not mean a market collapse. in fact, that big shutdown we've talked about on this show, the standoff between newt gingrich and president clinton back in the mid '90s over the prolonged period of those two shut-downs, t five-day one in november, the 21-1, the s&p managed to rally heavily during that period. we've seen the market rallying at the start of this year when we had the wrangles about the sequester as well. it is not a given these markets will fall during a shutdown. as you mentioned it does depend on the length as well. >> is it your opinion it's already built in, the market's already anticipated

steve sedgwick has more on the g-20 summit from saint petersburg, russia. >> here at the g-20 summit in st. petersburg it was the issue of syria which dominated and the ongoing dispute between president putin and his allies on one side and president obama and his allies on the other. of course, president obama is looking for some form of limited military strike against the al assad regime which he accuses of using chemical weapons in a damascus suburb. president putin, for his part, believes that al assad could not have been responsible for that chemical attack. elsewhere, this was supposed to be a conference about jobs, a conference about growth, but there were limited economic gains, including agreement on tax, trade and longer term infrastructure projects. there was also markets concerned about volatility in the economy because of fed tapering concerns. well, there was a statement which actually said monetary policy should be carefully calibrated and communicated throughout the entire world as well. just indicating that there was concern about that tapering policy. this is steve s

cnbc's steve sedgwick is live in st. petersburg with the very latest. steve, over to you. >> yeah, a very good speech today. very interesting. they have just finished a chat which was supposed to finish two hours ago on the global economy. now, did syria come up in that conversation? we're going to go to a briefing in a few minutes with the russian finance minister and find out what went on. but there is no doubt about it, the cloud of syria and concerns about the relationship and the breakdown of that relationship between the united states, the largest economy on this planet, and the host of the g-20, the russian federation, and indeed, the individual presidents, obama and putin, is center stage here in st. petersburg. don't forget, the g-20 is not the u.n. this is supposed to be about global economics, not about global geopolitics. it's supposed to be about jobs, growth, boring issues like taxation, capitol rules, how to look at the banking industry and improve regulation of that. but this has all been overshadowed about concerns of what military actio

steve sedgwick is still in st.urg, russia, and he joins us. >> reporter: yeah, i think they were bellicose comments and the world should take note of them, but they were comments that were a reiteration of what we heard previously. it wasn't an escalation. markets are concerned about an escalation, not a reiteration. let me tell you what he said. he was answering a reporter's question. will we help syria? yes, we will. we already are. we send arms, economics, we expand our cooperation on humanitarian sphere, as well. so the point he was making is they help in many ways and anyone can just web search the amount of sales, arms-wise, that russia sells to syria, as well. it was a reiteration rather than an escalation. i think that was a very clear point. that said, there are clearly two very intransigent views. on one side, putin and his allies, and on the other, president obama and his allies. a whole host of countries signed up to president obama's point of view that they held responsible the assad regime. we had bee

steve sedgwick live for us in london. good morning. >> yeah, very good day to you. market too a bit of a breather. gold on the way down. materials sector down 1%. in other news, though, it could be the most anticipated ipo since facebook. facebook was a bit of a nightmare for investors. this time, though, facebook could be coming to market valued around 10 billion. and making money on the back of revenues of $10 billion. they promote data, as well and that's how they make their money. elsewhere, technology is the play for the day. when the sec is asking the major exchanges to look at their security systems, look at their technology and introduce more back stops because we've had a lot of problems, goldman sachs, big problems. talking about kill switches which will stop a lot of the problems, but wouldn't have stopped the most recent nasdaq issue. >> when i see free airline tickets, i think it's cool. on so tell me it's good enough to be true. >> united airlines had a glitch in their pricing system which meant prices were actually filed to zero, which meant you were

steve sedgwick live for us. >> there was one big deal. $29 billion merger between applied materials and a japanese company as well. very important for the semiconductor sector. everyone is worried about that debt ceiling breach. amazon keeping the pressure on apple and ipads. jeff bezos' group got a whole host of new devices. and an 8.9-inch kindle for $379 and get an 8 megapixel camera on that and mayday support system, as well. so jeff keeping pressure on apple saying it's not the money they make out of the devices but selling services they're after which is the key for amazon. >>> elsewhere, incredible comments from robert benmarsh. he's saying some of the criticism labeled at the bonuses paid to the financial industry post the collapse of aig and indeed the broader sector. he said this was intended to stir public anger and get everybody out there with their pitchforks and hangman nooses. i think it was bad and it was just as bad then as it is now, as well. he apparently has regretted some of the phrasing after criticism from social media and regulators, as well. >> yeah, and merited

steve sedgwick joins us from the meeting this morning. od morning, steve. >> yeah, very good day to you. let me give the viewers insight. this is an economic meeting, supposed to be about global politics, not growth in jobs and how to create the right impetus for business and countries to grow. we got that. it has been overwhelmed by syria which we have been talking about there. discussions are being made on a market basis, economic basis, because of concerns about syria. so what the president did last night, this is president putin, not obama, he had this working meal, this dinner, supposed to be a couple of hours, lasted until 1:00 a.m. local time. he stepped up at the start of it and said you got ten minutes. every single leader around this room has ten minutes to state his case, including mr. obama, the chinese, including everybody. everyone got ten minutes to come up with this point. for all the copy i'm seeing written talking about president obama being isolated, he has his critics. what is interesting is the canadians, the turkish,

cnbc's steve sedgwick tracking all the headlines. >> brian, let me just confirm first of all i win theottery of life every day talking to you. this terms of the big stories, yes, those markets were down for three straight days but the best part of 20% for the year. in the case of the nasdaq almost 25% year to date so great returns so far for investors this year. elsewhere, chrysler, the wrangle between the majority owner feared and the health care workers union autoworkers health care trust, this one goes on, looks like they haven't been able to get to a deal where they will buy the stake owned by the uaw retirees and basic now it means there may be some ipo of that stock, as well. >>> blackberry looks like it will get a $4.7 billion takeover deal with fairfax, the largest sharehold shareholder. it will be done at $9 a share. in 2008 they were trading at 145 bucks a share. >> like $83 billion market gap. i remember covering it. a lot think this is kind of like a bid to try to get other people to get in a bid for this company which obviously is struggling. >>> let's get to some real imp

cnbc's steve sedgwick is live this st. petersburg for some perspective on that. good evening, steve. >> reporter: sue, thank you very much indeed. i listened to what both presidents, mr. putin and mr. obama had to say and it's very interesting, their intransigent view and inability to persuade colleagues here at the g-20 was the whole hub of the meeting. supposed to be about economics and jobs and growth. it all came down to syria, from start, to during, to finish. president obama for his part was saying very clearly he believes the international community, which is a reference to the u.n. security council, was incapacitated, and he had very good and strong reasons over chemical weapons and their use by the al assad regime in syria for going to have some form of limited action. let's listen in to hear what president obama had to say, and listen carefully to the reference which i think is implicitly saying this isn't iraq this time around. >> this is not something we've fabricated. this is not something that we are looking or are using as an excuse for military act

steve sedgwick live on the ground speaking to the industry's biggest players.t's live from tuesday. and we'll be right back after this short break. don't go away. building animatronics is all about getting things to work together. the timing, the actions, the reactions. everything has to synch up. my expenses are no different. receipt match from american express synchronizes your business expenses. just shoot your business card receipts and they're automatically matched up with the charges on your online statement. i'm john kaplan and i'm a member of a synchronized world. this is what membership is. this is what membership does. >>> edward snowden is out of the -- the latest documents released by the fugitive reveal a spy campaign that could be breaking the codes of online privacy. seema mody joins me with the details. seema? >> internet users may think their personal data is safe from prying eyes, but edward snowden says otherwise. the new york times and other sources report that according to newly disclosed documents leaked by the former nsa contractor, gover

cnbc steve sedgwick is standing by. steve, what are you able to tell us? pick up on your line, if i may. i think there was a reporting exactly faithfully what you just said. if attacked we will come to syria's aid. i want to give the viewers the entire segment that president putin said, i think it puts it in a bit more context and is his furious, less aggressive than perhaps one line on its own stands. in answer to reporter question, while president obama was speaking, president putin said the following. will we help syria? we will and we are already helping. we send arms. we cooperate in the economic sphere, in the humanitarian aid as well. that is where we cooperate. and we will support these people, the civilians who have found themselves in a dire situation in this country. i think it's a subtle difference from if attacked we will go to their aid because i think what they're saying is the status quo continues, we supply them with billions of dollars worth of arms already and we will continue to do so. i'm not entirely sure whether what president putin

the g-20 meeting in russia is where we find steve sedgwick.a difficult situation the president is walking into there. why don't you tell us about how things have been set up. >> yeah, exactly. the president, putin here in russia, and president obama, have pretty much been at each other's throats this the rhetoric in the buildup to the meeting. we know now that because of the edward snowden issue as well, they will not be talking to each. they were due to have a bilateral one on one meeting with each other in moscow ahead of the st. petersburg meeting. now we can't even get confirmation that they'll be speaking to each other here in russia. i spoke to the g-20 sherpa, a lady running the russian program from the president's office, all the way through. so quite a close aide to president putin and asked her about five times in a row, will they be speaking? he she said, i'm sure they'll be speaking. will they be speaking to each other? i couldn't confirm that. how do you have a situation where, let's face it, back to basics, the g-20 is representi