. >> i'm susan li. these are your headlines from around the world. >>> european equities hold on to small gains as chinese stocks hold on as production data disappoints. >>> there are major fault lines in the global economy. international settlements saying that china is not an isolated issue. >>> new survey expects the fed to hold rates this week as nobel lawyer yet says robert schiller says a hike won't cause a correction until u.s. stocks are back in the bubble. >>> the u.n. calls for the halt for detention and ill treatments of migrants as germany imposes emergency border controls saying it can no longer cope with the influx of people. >>> and welcome to "worldwide exchange." let's take a look at the chinese industrial figures we got over the weekend. this is the reason we saw a heavy selloff in the shinnin exchange. it grew by 6.1% in the month of august. it's raising concerns about the pace of the slowdown taking place in the world's second largest economy. the data field expectations says they co

i'm susan li. >> i'm wilfred frost. >> dell bets big on choo in a.he firm to invest $125 billion into the country over the next five years in a move that will create over 1 million jobs. >> growth concerns remain after another round of disappointing data from beijing. the premiere says the economy is not heading for a hard landing. >> u.s. futures in the green despite a broad sell off in europe and asia. a volatile late day slide for the dow after the product launch soured the move on wall street. >> keep on trucking. xpo logistics buys con-way in a deal that could increase the annual revenue more than six fold. >> we have earnings hitting the tape from lululemon. that's slightly higher than what many analysts had expected. we're seeing a print of $453 million. that also seems to be somewhat higher than expected. they seem to be continuing the positive trend and positive momentum that we saw materializing in the first quarter. keep in mind this company has beaten earnings expectation every quarter. go back to 2009. with exception, one quarter, that w

. >> i'm susan li. these are your headlines from around the world. >> a fed rate hike would be positive for the economy. the bank of japan itself leaving policy unchanged while investors pause for breath ahead of the fomc meeting. >> stocks are going further into the red despite a crack down on illegal margin trading. >> we cannot coexist. alexis tsipras and his new democracy rival rule out forming a coalition as they go head to head ahead of sunday's election. >> auto stocks are shifting up a gear as they rose for the 24th straight month. they are not concerned by china's slow down. >> i guess nobody really could predict this. >> we are not so much concerned because we did our homework and we have a very attractive portfolio. >> let's get straight to it. checking in on european auto stocks, out performers by the names of fiat and diamler. let's get straight to the frankfurt motor show. a close to 10% increase in car sales in the month of august just below the average of its competitors and nancy just w

. >> i'm susan li. u.s.awk box is coming your way next. >>> good morning, another example of how we have gone global. chinese stocks down 2% after factory activity shrinks more than expected. meantime chinese president is here in the states today meeting with u.s. business leaders and new details this morning, the ceo of the small company in controversy for the price of a life saving drug is changing his tune and rolling back the price increase. coming to america washington rolling out the red carpet for pope francis as he begins a six day three city visit including a big white house welcome. today it's wednesday, september 23rd, 2016. today is the equinox. it's the official start to fall and squawk box begins right now. ♪ >> live from new york where business never sleeps, this is squawk box. >> good morning, everybody. welcome to squawk box here on cnbc. i'm becky quick with joe kernen. andrew is off today. our guest host is mike santoli. take a look at what's been happening. overnight we did see weakness a

i'm susan li. >> i'm wilfred frost. here are your headlines from around the world. >> a fed rate hike would be positive for the global economy. leaving policy unchanged. investors are pausing for breath ahead of thursday's fomc meet. >> auto stocks shift up a gear as european registrations rise for the 24th month in frankfurt. gm ceo says a fiat chrysler deal is not in the cards. >> we went into it in detail when the formal offer was put in front of us. >> but it's a no show. the fiat chrysler ceo buys a bit more time with the united auto workers union which says it will keep negotiating with the car maker. >> lift off for amazon's jeff besos as he brings his dream of launching rockets into outer space to florida's cape canaveral. >> we had the lowest volume session in a month's time. also the narrowest trading range that we have seen since august 18th. that tells us that everyone pretty much is on the sidelines right now awaiting that fed rate decision. let's check in on u.s. market futures. we're not going to see much

i'm susan li. >> i'm willford frost. here are the headlines around the world. >>> v.w.plunging. they halt u.s. sales of certain diesel cars as an investigation is launched into whether it cheated on emissions tests. >>> no longer unhackable. apple admits to a rare attack on some of its most popular apps in china as president xi jinping prepares to meet president obama to discuss cyber security. >>> fed fallout. san francisco president john williams says a 2015 rate hike is still on the cards after last week's, quote, close call. we'll be hearing from his colleague james bullard in just under an hour. >>> the gamble pays off. alexis tsipras emerges as the clear winner in the greek election defying opinion polls to secure 35% of the vote. >>> good monday morning. if you're just tuning in, thanks for joining us on the program. let's check in on markets and how they're fairing ahead of the u.s. open. u.s. futures are telling us we're going to see a positive start to the week so far. the implied open according to the s&p 500 seven points out of the gates. the dow jones indus

. >> good wednesday morning, i'm susan li. also coming up on the program, shareholders are backing brian moynihan. find out how bank of america's chief held on to both of his titles. and a victory for hillary clinton. a pharma firm says it will drop prices but by how much? and we find out how social media giants are waging the battle for users. we have the composite at 53.9. manufacturing was 52.0. that was just in line and services 54.0 just below the expectation of 54.2. so that follows german data that was mixed just below expectations and french that was just above expectations. the euro is flat on the day. it's been up and down either side of when the french and german data came out but none of this data too far from consensus. overall it's just below expectations and the euro is flat. >> a lot of volatility in shares of vw. currently we're higher by 1.4% but over the last week the stock has lost 36% in the last two trading days alone it's lost some 15% in market cap or 26 billion euros. i also want to show you what the d

i'm susan li. >> these are your headlines from around the world. >> vw rallies despite a new report suggestingaker started quitely replacing the controversial software back in april while the hunt for a ceo heats up after martin winterkorn re-signs. >> bmw shares plunge on a german newspaper. reports suggesting the car maker overstepped emission limits. >> investors are welcome. chinese president xi jinping vows to cut

i'm susan li. >> these are your headlines from around the world. >> a september to remember.l stocks on track to log the worst quarter in four years but the pain might not be over as data suggests that today is historically the worst day of the year for u.s. equity markets. >> another midnight deadline for congress. u.s. lawmakers look to approve a spending plan before the close today as republicans discuss a two year budget deal with the president. >> prepare for failures. the imf warns emerging economies need to brace for the debt market consequences of rising rates. >> the hardest car in the world to build, investors hope can make the auto maker turn the corner. >> and we're back in the wrur row zone because euro zone prices according to the september number they dipped in the month of september by 0.1% year on year. so that is what was expected. we're not seeing a big movement in euro dollar right

i'm susan li. >> these are your headlines from around the world. >> vw rallies despite a new report suggesting the car maker started quitely replacing the controversial software back in april while the hunt for a ceo heats up after martin winterkorn re-signs. >> bmw shares plunge on a german newspaper. reports suggesting the car maker overstepped emission limits. >> investors are welcome. chinese president xi jinping vows to cut restrictions as he tours the u.s. ahead of his meeting with u.s. president barrack obama. >> boeing the big beneficiary state side as they win to provide china with a range of aircrafts. let's show you what's happening in japan right now. we are looking at prime minister shinzo abe holding a press conference to discuss his economic policy and according to the japanese national broadcaster nhk, abe will be announcing a plan to try to increase the country's gdp to 600 trillion yen and that's up close to 22% hopefully launching that third arrow and fiscal measures in the future. the yen not really going anywhere with these comments from the japanese pm. >> also want to dr

i'm susan li. >> i'm will fred frost. here are your headlines from around the world. >>> u.s. futures point higher as nobel laureate robert schiller says a fed rate hike won't cause a correction despite his view that u.s. stocks are back in a bubble. >>> chinese stocks close deep in the red as industrial production data disappoints sending the schenn jen down over 6%. >> alibaba lashes out at bare barons. >> early data suggests that apple is already selling out of its iphone 6ss in china with wait times up to four weeks. >>> so i think everything this week is going to come down to the fed, isn't it? >> you think so? fed, fed, fed? >> fed, fed, fed. roger federer lost last night. >> yes, i like that. >> you're a big fan. >> i feel for that fed. >> really? >> i also feel for the other fed. this is going to be a busy week. >> it is a busy week. a lot of people are saying they're probably going to do nothing. their hand has been weakened coming into this. >> i think it has because of global incentive. for me, that it suself won't bee factor. i think it was very present, they might

. >> i'm susan li, coming up on the program, general motors agreeing to pay nearly a billion dollars to end a u.s. investigation but will it end enough to restore confidence in the car maker? also a powerful earthquake shakes chile. we'll be watching for the after shocks as a mill people are forced to flee their homes. after a 3 hour marathon debate, carly fiorina breaks away from the pack as she goes head to head over republican donald trump calling him out on his comments on her looks. >> i think women all over this country heard very clearly what mr. trump said. >> all right. let's get straight to what european markets are doing today ahead of that all important fed decision. we're in the red so you could perhaps say a little bit of uncertainty but bear in mind that we had a very strong week so far this week in european equities following strong performance last week so all in all markets have been pretty buoyant ahead of this decision and they haven't been as uncertain as you might expect given how much is riding on that decision. there we have it. just declines but nothing too s

he said another a wise and not a brave man lies down on the track of history to wait for the train of the future to run over him. susanwow. anne: i hadn't heard that one before. [applause] steve: let's talk about one of the most famous speeches he ever this is aalso question talking about the military-industrial complex. what would you think about it today and how significant was that speech? the military-industrial complex and the last paragraph. because innteresting terms up-to-date, the world was so different today, it's hard to say what he would think. called the he technology available to the military awesome. susan: in the biblical sense of the word. mary: that's right. that last paragraph is actually a prayer. the very last line was the world be brought together by the finding force of neutral respect and love. i think he was showing what he had learned throughout his military confrontation. he really wanted everybody to come together. i always called him the first hippie. susan: it's an important speech and i think it will continue to be talked about and reread. not just the military-industrial complex but whe

lied to. i don't think the press understands it. they come along, tell us what they, and do whatever the hell they want. we have a senator, susan vote 75%-80% with the democrats. republican, it is up to them. they have to decide whether they are going to become a party of the people, or a secondary party to the democratic party. did john boehner understand the tea party movement? guest: i think he understood the tea party movement, but there's only so much you can do to adhere to its principles, before you run into opposition. john boehner was fond of saying of one was the head part of themall legislative branch. it was not enough. he could not impose his will on a democratic president, a democratic senate, now a republican senate, that has rules that give the minority a lot of power. then, the supreme court has really asserted itself into public policy in a way that is a little shocking, a little for some people. i think john boehner understood, but there was only so much he could do about it. he certainly understood when he opponent last year. he saw the power of the tea party. he sees the power when he goes into the conferen