yet there are a lot of telecom carriers like malaysian telecom. a lot of telecom operators are looking for this kind of solution, simply because amazon is very successful. amazon's software is not for sale, so they need a solution to compete with amazon. right from the beginning, we position ourselves to provide such a solution not just to the software part but team up with taiwanese hardware people to give a total solution for carriers to be able to provide this kind of amazon-like service. >> so far, the response from the private sector and industry has been positive? x yes. this has been transferred to a couple of local industries. they are willing to invest and license this kind of gigantic piece of software and then try to modify and improve it and do their own things. this year, our major focus is to try to prove the cloud can pass the test of local telecom carriers and support some of the government cloud services. once we can achieve that, they will give us reference cases and become a useful way to promote our technology in the internatio

is a court ruling released on tuesday judge claire egan noted that to date not a single telecom company has challenged the n.s.a.'s collection of their customer's medha data the court ruling read today no holder of records who has received an order to produce bulk telephony metadata has challenge the legality of such an order indeed no recipient of any section two fifteen order has challenge the legality of such an order despite the explicit statutory mechanism for doing so in other words with the rare exception of qwest communications in two thousand and six not a single one of the telecom companies that we trust with our data protested when the government said handed over the opinion goes on to reveal that the court believed members of congress were being fully briefed on this program court said quote in light of the importance of the national security programs that were set to expire the executive branch and well a tive congressional committees work together to ensure that each member of congress knew or had the opportunity to know how section two fifteen was being implemented under

meanwhile, telecom is making m&a headlines in southeast asia. malaysia's axita is buying axy telekom. to meet the rules, the indonesian unit will take a 95% stake in access allowing an indonesian shareholder to hold the last 5%. malaysia's telco has been looking to extend its network in malaysia and will give it access to 65 million customers. axiata shares are up by about 0.4%. >>> the british treasury going up for a showdown with the eu over banker bonuses. george osborne has filed a case with the courts of justice in which he argues the rules push bankers' fixed pay up rather than down, which will make the banks themselves riskier. michelle barnier said the reform is necessary to bring stability to the european banks system. should the british government weigh in on behalf of bankers? let us know. join the conversation here on "worldwide exchange." get in touch with us. e-mail, worldwide@cnbc.com. @krns we can see or direct to me @rosswestgate. >> i think this will be a touchy subject, i think. >> @deecnbc, as well. >> meanwhile, lloyd blanks

we have not yet an internal market for telecoms. to advance as quickly as possible to this objective. >> so the question is, is how quickly can we advance? he thinks the plans you have at the moment are a bit too unambitious. he thinks clearly we could go quicker. >> well, you are aware that i was his predecessor, that i'm completely on the same page talking about competitiveness and talking about speeding up the position of a, indeed, single market for telcos because it's so important in a digital age and because it is connected with all the competitiveness sites of other industries, too. i do agree with joaquin, but we should be aware that we have to make steps forward. and, therefore, i think this is a main step forward in just breaking through the circle. if we stick to the situation of today, then we are losing the game and losing the game not only means an attack on the telco industry, but it means an attack on the european economy. and, therefore, i'm grateful that all my colleagues and the commission are backing me, that joa

still to come, more microsoft latest telecom tie-up.y're bringing their mobile partner into the fold by buying nokia. we'll hear from the man who made the deal, steve ballmer. he'll join us coming up right after this. >>> you're watching "worldwide exchange." i'm ross westgate. a recap of the headlines today. getting connected, microsoft buys nokia smartphone business for $7.2 billion. moments ago, the ceo said the deal benefits all parties involved. >> we think this is win-win for employees, win-win for shareholders, and win-win for customers of both companies. >> mr. ballmer will join us for a first on cnbc interview in a few moments. >>> shares of nokia spiked up as a result, more than 40%. this dragged other european network providers sharply higher. >>> investors dialing into telecom stocks after vodafone finalizes its $130 billion deal with verizon. the ceo told cnbc he's keeping enough cash to strengthen the company. the bulk of it is returned to shareholders. >> the percentage might look small, the percentage retained, but the a

nearly 140 billion in telecom deals sparking a fee frenzy. we'll talk about what all these changes mean, but also who is getting paid and i may have to eat humble pie. how hot are car sales, so hot you may not be able to get the car that you want. we'll lay out hottest of the hot models, plus forget about these strategic oil reserves, mandy, we'll talk about why some california farmers are rasin hell. >> a clever one. hello, everybody. good afternoon. we were on track for the best in august until president obama and speaker boehner weighed in on syria. we'll have secretary of state john kerry and defense secretary chuck hagel testifying in front of congress to make their case. the prospects of a u.s. strike against syria did help push the dow down 1.8% over the course of last week and the biggest drag on the dow right now, probably noticed the dow is in negative territory, microsoft. we're on that one later. straight down to the nyse. mary thompson, what are you watching at the start of this week? >> reporter: watching a lot of things, mostly

boring canadian telecom? >> i know, brian.under the radar and it's one of the few telecom stocks we like. bce is the largest canadian telecom provider, services over 70% of canada, mainly in quebec and ontario. but why we like it is the canadian economy is growing, a continued demand for wireless and internet and their dividend right now is 5.4%. they've grown at 60% since fourth quarter 2008, payout ratio at 71% versus the average telecom in s&p is at 81%. see strong dividend growth and economy that is growing, that more and more people will feed wireless phones and internet and we think it's a strong play. >> i will take borrowing for 5.4% dividend. on your list as well, arthur j. gallagher, one of the largest insurance and risk management firms. actually very few people have heard of, right? >> that's right. it's the world's fourth largest insurance broker. what they do, mandy, they specialize in rolling up mom and pop insurance companies. they've down over 12 acquisitions this year. extremely profitable. they estimate they

british telecom president on plans to take on verizon and at&t.is: i am dennis kneale. cheryl: cheryl casone. on today's noon eastern time our we're doing things different. it is tuesday for the entire hour. dennis: i go one on one with disney's ceo on the media giant's plans for the new tv and movie season and more. cheryl: i talk with the ceo patty hart as the company launched a partnership with james cameron for games based on his avatar franchise. dennis: the british coming, the president of the u.s. and canada on plans to take on verizon and at&t right here in the usa. gerri: that and more at noon eastern, on markets now. you cannot afford to miss any of that. you want to keep it here but first the dollar up by 19 points and it is time for stocks every 15 minutes. nicole petallides 4 of the new york stock exchange. we needed a like today. nicole: quick check of market that the interviews. three days of selling, you do like they just like today with the arrows, dow jones industrials up 21-1/2 points, 0.1% at 15,423, the nasdaq the best of the

telecom gear as fast as possible in place of chinese domestic equipment and if the domestic equipment wasn't available to go to the european system so the big losers in all of this are going to be us texas thems they're going to lose billions and billions of dollars in the world's largest telecom market this is got a funny as a dam because for years we were told that the technology coming in from asia to america had backdoor technology that allowed spying to occur what we're saying is that all the spying was done by the u.s. with a server right there in china. yeah absolutely that way it was until these are revelations came out i don't know the status of their systems today but yeah that was the case as in many cases the the hacking and surveillance has been is coming from the us towards china and other countries as opposed to the other way around which is mostly covered in the media so again this would be anti-competitive because they've got us tech companies spying on asian tech companies and i'm thinking about the spat between samsung and apple over patents and other intellectual p

telecom gear as fast as possible in place of chinese domestic equipment and if the domestic equipment wasn't available to go to the european system so the big losers in all of this are going to be us texas terms they're going to lose billions and billions of dollars in the world's largest telecom market this is kind of funny as a dam because for years we were told that the technology coming in from asia to america had backdoor technology that allowed spying to occur you're saying is that all the spying was done by the u.s. with a server right there in china. yeah absolutely that way it was until these are revelations came out i don't know the status of their systems today but yeah that was the case as in many cases the the hacking and surveillance is being is coming from the us towards china and other countries as opposed to the other way around which is mostly covered in the media so again this would be anti-competitive because they've got us tech companies spying on asian tech companies and i'm thinking about the spat between samsung and apple over patents and other intellectual pro

telecom gear as fast as possible in place of chinese domestic equipment and if the domestic equipment wasn't available to go to the european system so the big losers in all of this are going to be us texas thems they're going to lose billions and billions of dollars in the world's largest telecom market this is got a funny as a dam because for years we were told that the technology coming in from asia to america had backdoor technology that allowed spying to occur you're saying is that all the spying was done by the u.s. with a server right there in china. yeah absolutely that way it was until these are revelations came out i don't know the status of their systems today but yeah that was the case as in many cases the the hacking and surveillance has been is coming from the u.s. towards china and other countries as opposed to the other way around which is mostly covered in the media so again this would be anti-competitive because they've got us tech companies spying on asian tech companies and i'm thinking about the spat between samsung and apple over patents and other intellectual pro

they include telecom, utilities, as well as consumer staples. we do want to note that microsoft is a drag on the dow today. a lot of people questioning why, when it comes to the $7.2 billion acquisition of nokia's handset business. scott, back to you. >> okay, mary, thank you so much. dominic chu, over to you now. september not usually kind to stocks, we know that. >> no. not at all, scott. it started off pretty strong. the first trading day of september has lost a lot of its steam as the days progressed, just like mary said. should investors be concerned? if you go all the way back, like you said, to 1950, on average september has traditionally been the worst month for the dow jones industrials. it falls by .8% on average. the dow also in that timespan closed down six out of every ten times. 60% during that timespan. meanwhile, look at another asset class. the opposite for gold. historically speaking, september comes up glittering for that yellow metal. since 1990, gold finished up in september by an average of 2.7%. now, of course, past perfor

telecom is not a gre business. people go for their news but it is online and digital. he has some amazing plans i don't think it is a great deal for them as far as the amazon or other newspars possibly up for sale. neil: he is good to market may be that is the start said he has the makings to make it but he is up again strong ties? >> i think the digital era is here to have something very innovative for a certain segment but those that don't have the physical paper unfortunately they are aging in they are not buying that paper is much you can read online when they magnify it. i do not think this is a win for jeff for the consumer i think it will be a hard road he is pretty innovative. neil: if he can convince people to pay for that then maybe it would work he seems to have the best shot but it is a very tough battle. thank you both very much. that will do it we will monitor the debate with syria we'll see you tomorrow. "money" with france france is next. melissa: i'm melissa francis and here's what's "money" tonight. we're getting developments on the syrian crisis prac

. >> a special report in collaboration with the san francisco criterion telecoming up next.

telecom and utilities lagged as treasury yields rose dramatically. and industrials were today's top performing sectors. >>> private sector jobs increased by 176,000 in august according to adp employment report. the report fell short of economist expectations of 180,000 new jobs. services industries expanded at the fastest pace in eight years in august as a pickup in demand encouraged companies to hire. institute for supply management non-manufacturing index rose to 58.6 from 56 the previous month. cheryl? cheryl: today's jobs reports were a mixed bag while initial jobless claims fell, adp said the private sector added fewest jobs since the month of may. david: what does it mean for tomorrow's crucial jobs numbers and the impact on the federal reserve? we have ihs chief economy. nariman behravesh. great to see you again. >> thank you. david: if jobs numbers don't meet expectations or, let's put a positive. if it does meet expectations do you have any doubt that the fed will taper? >> well if the expectations are, what between 170 and 180 -- david: rig

. >> and once again expectations that verizon is final bely going to take over the british telecom's phone service. there's a $60 billion bridge loan. angela merkel has a debate. >>> welcome to you. we kick off with the eurozone. the final manufacturing. it's helping to rise in the fastest pace in over two years in august and it's the first time since mid 2011. the market manufacturing purchase plaintiff's index from 50.4 to 50.3 in july. it signifies expansion from contraction since february 2012. we're joined for more. what was the take away from this? it was a bit of a flash. >> it was slightly down from the flash. it's a little bit negative. again, we shouldn't take away from this number the fact that it's a high since 2011. what we've seen the last couple of months, eurozone manufacturer expanding in both of those months. notice the steps hopefully towards a more sustainable economy. >> yes, little steps. it will take some more steps to see if it's more meaningful. >> in the past we've seen this little bit of growth. what we've seen is we've seen germany expanding, the netherlan

one of the biggest deals in corporate history, a british telecom firm agreed to sell their stake in verizon wireless or $130 billion. japanese government continues to reassure the public over the damage of the nuclear plant as it emerges radiation levels 18 times higher than previously thought. they said the government would take prompt steps to clean up the plant. >> just how worried should the outside world be about the latest radiation readings coming from this nuclear plant. on sunday tokyo electric power said it had taken a reading lose to water storage tanks of 18 times higher than a reading taken at the same spot two weeks ago. but today in tokyo the head of japan's nuclear watch dog said news reports radiation could four worker in just hours were exaggerated. the recent water leaks at the plant and the spikes are a threat to the public. >> suppose the figure is correct. it does not penetrate through objects. you have a totally different meaning from the case of gamma radiation. it will not penetrate as long as there is a 5-10 millimeter plastic sheath or you wear shoes, it should be

yeah. >> i hope you know a lot about telecom.ot of space to fill. ericcson is relying on innovation. joining us is the president and ceo of ericcson group. you rang the opening bell? >> yes, i did. >> were you nervous? >> no. >> i haven't done that. have you? >> no. >> what if you did it at 9:29. >> they're very well sketched up. it was a -- >> did you press something? >> yeah, you press something, and i signed with my -- not my name, i actually signed with the logo. >> you did? high point of your life, would you say? >> i've done it before. >> you've done it before? >> he's jaded. he's done it so many times. another day at the office for him. >> no, it's not like that. but i have done it. >> who are you now? who is ericsson now for our viewers? >> it's a company of 137 years. today, roughly 45% of -- the rest is mobile infrastructure. you can say that roughly 40% of mobile traffic is going through our equipment, 50% of all 4g traffic is going through our equipment. we're the fifth largest company in the world and ibm and the guy

american tower is buying parent of telecom operator global tower partners for $3.3 billion.wer expects the portfolio to generate $345 million in revenue next year. >>> bus feed's founder and ceo says the site is profitable. -- buzz feed. the site reached traffic of 85 million viewers in august and is three times bigger than it was one year ago. nice. >>> japan's ntt docomo and china telecom will sell appeal's iphone for the first time. two huge overseas carriers which account for millions of subscribers will sell the device as soon as it is released. >>> herbalife hires former l.a. mayor antonio villaraigosa. he will council the firm on global community outreach. >>> barney's has ha new program may have card members feeling like a 1%er. the upscale retailer credit card includes luxury access and chauffeur services that. is today's "speed read." [buzzer] david: that's nice. world leaders are meeting in russia, for a change the main focus on syria, instead of an economic issue. our next guest sees that as a good sign. fred bergstrom, peterson institute of economics and senior

on telecom issues.pent a lot of time and background and history and experience. i think they are great choices. looking forward to work with the full commission. at the same time, truly appreciate what acting chairwoman clyburn has done. she has common a difficult time at a difficult time. she and her team have done a tremendous job and have been very sensitive and rulemaking and the concerns of our members which is something that we advocate in every will making regulations one small providers. fewer customers per mile and consequently antiregulation has a higher cost per customer. as you know these regulations are unfunded, we have to pay for what ever technology requirements there may be. she has been very sensitive to our members and i expect to see that will be something that will continue. >> broadcasters have been engaging the with aereo in a number of courts. do members view it as a competitor or a possible business model to get away from retransmission? say it wasy we would a potential threat i

ford and chrysler, each up 12%, big news, telecom and tech, microsoft, the giant, acquiring nokia's hand set business, that was not the only big deal. verizon acquired vodafone, for $130 billion in stock and cash. this was the biggest merger in stock transaction ever. and the jobs report, a little fed speculation, syria worries and we have an interesting recipe for the week. joining me now, chairman of the blackstone group. byron, good to have you here on the program. thank you for joining us, we got the jobs report out, the economy creating 106,000 new jobs, that was below expectation, how would you characterize it. >> that was disappointing, the economy was disappointing, the recent merger, some of the other numbers, the revision of the gdp for the second quarter, people were thinking the economy is developing more momentum. this is a reputation of that. >> i think one of themore interesting points that a lot of people mentioned the participation rate in the jobs market has fallen to like 30-plus year low. what does that mean? the number of people not participating or looking in the jo

now another quick point i want to make is keep an eye out for telecom shares today because today is the big day here in japan. apple releases its iphone 5 c and 5 s series and competition really is heating up among the three major mobile phone carriers. japan's biggest mobile phone carrier is also onboard now to sell apple iphones here in japan along with of course soft bank and kddi. all three carriers are going to be holding major events at their stores across tokyo today. that is going to be a big focus. >> that will be interesting to watch. also, tell us about currencies. the yen is weakening which may be helping exporters. what can you tell us there? >> definitely. let's have a look at some of the currency pairs. there has been a big shift. 99.38-41 right now dollar/yen. that's steadily risen, when i said earlier, had actually broken below 98 yen temporarily yesterday. if you remember. but now in the lower levels. economic data in the u.s. helped lift the dollar figure. the figures showed economic activity jumped to the highest level in two years with the philly fed manufacturing i

weakness in big tech names and telecom names. verizon, cisco, ibm. nike, the new dow component is the biggest winner among the 30 after reporting those strong results. microsoft, getting a bid from the news that alan mulally the ceo of ford is reportedly the frontrunner for the ceo job. couple of other stocks, the stock of the day is jc penney. keeping watch on that. the share offering one which will increase the number of shares outstanding by about 38% and dilute its earnings by roughly 28%. we're seeing weakness in gaming stocks. igt downgraded at deutsch from a hold to a buy. citing an extended run on in-line results and also concerns about the gaming, the industry fund mems in the gaming industry. expecting them to become more challenged and that's keeping pressure on the stock today. back to you. >> mary, thank you very much. with that looming debt deadline dragging wall street lower. how do you play that uncertainty? answers from katie, cio of northern trust wealth management where she is responsible for $202 billion in assets under management

big news in telecom and tech. firefighter came home with a phone company of its own. the software giant acquiring finnish company nokia's handset business for $7.25 billion. verizon acquired vodafone's stake in verizon wireless for $130 billion in cash and stock. huge deal. the deal is the third largest merger and acquisition transaction ever. the markets had been waiting and watching for the jobs report, mix in a little fed speculation, some syria worries and we have on interesting recipe for the week. joining me to interpret it all is byron wien. good to have you on the program. >> great to be here, maria. >> we got the jobs report out on friday. the economy creating 169,000 new jobs. that was below expectations. how would you characterize? >> i would say it was disappointing and the revisions were disappointing. the economy -- the most recent numbers, the purchasing managers index, some of the other numbers, the revision of the gdp for the second quarter, those were all favorable. so people were thinking the economy has been developing more momentum. >> one of the

telecom intelligence negotiating algorithm, or "tina," gives callers two offers in a variety of celebrityces, as you just heard. - tom green? you should have got scott caan. - shut up, he's a huge celebrity. - whoa, yeah. - watch it. - someone needs to put a muzzle on him, 'cause i hate you. - uh, real question. if tina is making the calls, why are we here? - well, if tina doesn't make the sale within the first two offers, then... - oh, i get it. then we come in and clean bat up. 'cause this cold machine lacks the soft touch of a human... touching a machine. - it lacks human error. and tina persists where you would feel intrusive. - okay, so what's the catch? - well, if tina does make the sale

european telecom companies opposed the measures. >> as new york marks 12 years since the september 11 terrorist attacks, the date 9/11 is also a significant anniversary in chile. >> 17 years in power market ring of terror when thousands of people were tortured, killed, or went missing, especially those beauty as communist dissidents. >> some managed to flee the country and took refuge in germany. we met up with one lady who still has very vivid memories of that time. >> she has started learning the piano. >> this is a song from 1941. 10 years after i was born. >> this is the 82-year-old's new hobby. in 1970, she campaigned in the presidential election. she supported the vision of a socialist chile. after the coup, her communist party membership landed her in prison. >> on the fifth of october, 1973,@half past two in the afternoon, soldiers arrested me and my parents house. they took me to the police station. i was tortured. that was common in those days. >> the attack on the presidential palace and subsequent overthrow of the government changed her life forever. communist east germany

it's the first time for japan's telecom giant to offer the device. the officials lag behind their competitors in signing a deal with apple executives. the stalled negotiations cost the bottom line, as its customers who wanted an iphone switch. all carriers launched promotional campaigns. they included discount packages. they did not charge for hand-sets. >>> here are the latest market figures. >>> typhoon usagi is battering northern philippines and southern taiwan. for more we turn to our meteorologist, robert speta. >> we continue to keep a close eye on this. a monster of a storm continuing to roll off to the west. i'll show you the visible satellite imagery just before sunset out here. just to the northeast of the philippines, you can see the eye really well developed. the defined spiral of circulation around the storm system, a clear indication of just how strong it is. people ahead of it do need to be taking it quite seriously. i know the philippines has issued the highest warning level for the islands right here in the luzon straight. about 15,0

. >> a special report in collaboration with the san francisco criterion telecoming up next.

. >> by privatizing the postal and telecom ministries and turning them into private companies, we now have t-mobile come a deutsche telekom, and deutsche post which of the world's largest express mail supplier and we have the smaller and medium-sized enterprises and we have a large university. >> if she wins this election, angela merkel made it clear she would like to renew a coalition with your party, the so-called black-yellow coalition. too many europeans this would mean more of the same, more of the same conservative austerity policies vis a vis europe. >> there are many europeans will like exactly that, a combination of solid public finances and structural reforms. think of the dutch, the

telecom offerings like verizon fios and intel is working on a streaming offering. for those willing to cut the word aria streams tv to mobile devices and all the on demand content. >> this is a funny example where more competition is driving prices up instead of down. any programmer that can play one distributor off another. >> reporter: glen brit calling for reform of retransmission rules blaming them for rising cable bills but pushing companies to accept shared responsibility. for "nightly business report" i'm julia boorsten in los angeles. >>> if you want to bank the old fashioned way and use a teller, it may cost you. >>> first, how commodities, treasuries and currencies performed today. >>> kodak is back. they emerged from chapter 11 bankruptcy today. after saling off the personal photography and documented imaging, it's searching businesses in graphic decision and packaging. >>> ford is recalling 370 cars from the years 2005 through 2011. the reason to fix a steering shaft that could corrode and cause a loss of control of the car. the effected models, ford cr

the telecom giant has been handing over loads of data to the government. more coming up. it has been months since the deadly fertilizer plant explosion in west, texas. but even with discoveries of the plant pot lack of regulations, five other facilities containing the same chemical that caused the deadly blast have turned away fire marshals. more on today's show. captioned by the national captioning institute --www.ncicap.org-- >> hello, it is tuesday, said tempora third, 5 p.m. -- september 3, 5 p.m. in washington. will congress vote for military intervention in syria? capitol hill where the secretary of state, secretary of defense and the joint chiefs met to discuss the situation. president obama announced on saturday that congress would convene after a long weekend to discuss the syrian matter. today, he met with two congressional heads in the white house cabinet room, and had this to say. >> the fact that i have had a chance to speak to many of you and congress as a whole is taking this issue with the soberness and seriousness that it deserves is greatly appreciated.

largest u-s cellphone service provider with nearly a hundred million subscribers' purchase of british telecom vodafone's wireless business jointly owned by both companies. some consumers are wary of so much consolidation. "i hate to see them joining into one and giving us fewer choices." "with sprint, if you were a penny short, they disconnected your phone but with us cellular, if you were short, they'd give you an opportunity to pay your bill." for now, analysts believe there's enough players in the wireless marketplace to provide competitive pricing. "i don't think we're not at that point. there are still two dominent players in the smartphone industry." "as long as there are folks like samsung and apple and microsoft remain separate, competition will remain in place." as recently as 2007, nokia had 40-percent of the handset market. but it faltered in smartphones--even now has only 3-percent of the market. the offical launch of samsung's first wearable device is today-- but images of its new galaxy gear watch appeared all over the internet yesterday. the device will reportedly have a touchs

and speaking of mergers it is one of the biggest deals in the telecom business.on has agreed to buy out its partner for $130 billion. why it is a major move in verizon's battle with other mobile carriers. >> verizon and vodofone have been partners for 14 years but it's been a rocky relationship. marked by docks over full control by verizon. verizon will pay vote phone a total of $130 billion. it includes the biggest cash pay out in acquisition history, almost $60 billion. it frees them to invest in faster mobile networks. that will help verse zone hold its own where it controls nearly a third of the market share. it's also a reward for vodafone shareholder ms. of them british pension funds. while vodafone will pay $5 billion to the u.s. treasurery, the u.k. government will collect no taxes from its rich cash haul. >> it is going to have to go back into the company, they are going to have pay back a lot of debt. >> at the moment all the talk is about shareholders, but if the data networks are improved if the voice networks are improved that should means that custo