let's look at the uk. since march 2009, when we sta started quantitative easing in this country, you had a 2% on your savings if you left them in the bank of the over the same period, inflation has gone up 18%, so 16% off where in real terms. this is a war on savers and inflation is a means of reallocating wealth from savers to borrowers. as a nation, we are a nation of borrow borrowers. >> fair point. good analysis. stay there. we'll talk about banks. more from kevin doran. >>> also on today's show, we have to be cautious on the eurozone recovery from the natixis ceo. we'll have that exclusive interview in the next half hour. bank of england back in focus. mark carney expected to unveil forward guidance on uk interest rates. we'll get his statement at 11:30 cet. so toe shiba foe toshiba expect forecast. the lone ranger box office flop could cost the company as much as $190 million in the next quarter. we'll talk about that at 11:50. >>> plus unicredit says there is early signs of recovery. speaking exclus

and uk government.there is another portion of people that are basically citizens, and they are surprised about what they will learn from surveillance. i was surprised. >> even though you cover these issues? >> i was surprised about the massive state of surveillance and that means they put on this. i would say it is not as good when the citizen thinks the law is good -- the law is good when the citizen thinks the law is good. there have been some famous and accurate ones in the past. alan turing, you know, the british government during the civil war. fighting against germany, it was accepted by anyone that was a good surveillance job. the government should explain what they are doing to the citizens. >> these revelations of how much of the information is being looked at in terms of what is inside our cell phones, they requested and obtained the personal cell records over six months from deutsche telekom. this graph can point it on the website and locate his every movement, every single day for those six

in the jpmorgan case, we're talking about people who lived in the uk, worked in the uk, and, in fact,being accused of, the london whale cases, is the ceo was a london-based operation. >> there has been any wrongdoing here, it's clearly been on our patch. what ought to happen in a perfect world is the prosecutors should be working together but where they would say, look, this needs to be prosecuted here. if there is wrongdoing, prosecute here. the -- as you mentioned, the funny thing here, not funny, but the odd thing is one of the people involved is a french citizen who i believe is now back in france, there is no way on earth france will extradite. they do not extradite their own citizens to america. they have a slightly more grown-up approach to the whole thing than we appear to. >> so, david, to defend the u.s.' position, not taking sides, but i just want to get to the two sides of the story here, could you argue that the uk authorities, the uk police simply is behind the curve? >> definitely. >> in terms of cracking down on financial crime. >> absolutely. i have written about this

uk prime minister david cameron was the one who signed off on these. how is this different than if it came from a member of a spy agency? >> it goes to the very top. it is like any head of state signing off on this vengeance against a specific journalistic outfit. it is very worrying. we are approaching an almost totalitarian mindset in the uk and perhaps in the u.s. as well where there is absolutely no tolerance for dissent among the press and, as we have seen, they are willing to go to extraordinary numbers. >> josh levy, internet campaign director from free pass, thank you. another internet service is shutting down as a result of the edward snowden leaks detailing massive nsa structures. they announce that they will be shutting down because they cannot morally submit to government surveillance and allow their clients to be secretly spied on. as the editor puts it, there is now no shield from forced exposure. nothing in the parenthetical thought list is terrorism related that no one can heal protected enough from forced exposure and he more to say an

the uk unemployment rate held steady at 7.8% in july.well more than forecast. this as the latest bank of england minutes revealed a unanimous vote to hold rates. but one member, martin weale, descented on forward guidance, considered a signature policy of new governor mark carney. with more on that, helia ebrahimi joins me in the studio. this is a big setback, actually, for mark carney. one member dissented. we were expecting this unanimous vote. >> yes, so much for mark carney's beguiling ways in diplomacy. but, yeah, there is nothing in the minutes that you read that suggests that interest rates are going to be held until q-3 2016 as was the headline date in the inflation report. in fact, martin weale has come out as more hawkish as the rest of the members. remember the knockouts we saw in forward guidance kind of watered down forward guidance, and yet we see here that martin weale saying it didn't go far enough. you could have a situation where you have three camps in the mpc. those who -- when you go to quantitative easing, actually,

a former uk defense at cachet -- attache.and a new guest joining us from oregon in the united states, colonel rick francona. thanks for being on the show. i want to start with the french foreign minister. he said the other day the only option, the only thing he does not see is no action not all. that is absolutely impossible. i want to show our viewers this newspaper, their editorial agreed. it said military action bears risks. there are no good options mr. assad poses to his own people in the world. to do nothing would be the worst one of all. i want to go right to you, colonel rick francona. you are a middle east specialist. you know that region well. you also know about the military. do you agree with that sentiment, doing nothing is absolutely worse than going in there for a limited time of intervention? >> i think we have reached the tipping point. we have been watching the civil year for two years. it has taken the catalyst of the regime using chemical weapons to bring us to this point. many in the world community had b

more data out of the uk.ollows a strong services pmi, the strongest since before the financial crisis. another bit of hard data here, this is hard data, which is stronger than expected, so sterling dollar back up to 153.82, leaves even more speculation about what the bank of england might say in the quarterly inflation report tomorrow. sterling stronger on the back of that. european equity a little soggy. off 46 points. today, still down a quarter of a point, despite the fact we have green on the board for france and italy. germany's completely flat. on the bond markets, gilts selling off on the back of that, yields are higher. now back up to 2.5%. treasury yields 2.65%. nudging back up, trade in that 2.75 to 2.75, 2.6, between the data and the bond report last week. currency market, sterling stronger. dollar/yen, little high, not by much. the italian prime minister apeeld for responsible behavior from the company's political parties in order to keep the country's economic recovery on track. we have been swin

of course, it is a bank holiday here in the uk. so no trade in the uk, but trade everywhere else. so we're still with you. >>> now, the german chancellor, angela merkel, has told voters that greece won't need a further debt writedown, but she stopped short of ruling out further aid to the nation. speaking with germany's "focus" magazine, the chancellor said she was expressly warning against the haircuts and that it would create a domino effect of uncertainty in the eurozone. now, this comes as the greek finance minister has said that although the nation may need a third bailout, it could not accept fresh austerity measures, separate things. he added that a further loan for greece could amount to around 10 billion euros. the national association for business economics released a survey today showing that while many economists think that the fed's current policy has been a success, quote, unquote, most don't believe that the fed will start tapering until after the september meeting coming up. only 10% of economists expect

whether it's about the uk or u.s. or whatever.of economic growth rather than a cyclical upturn. the key to it being sustainable is clearly companies investing more and creating more long-term jobs, not short-term jobs. so is there signs that we're starting down that path? >> well, there are signs. i mean, i don't want to overcommit here. >> yeah. okay. >> what i would say is that we see that business opportunities are on an upward trajectory. and where you have an increase in genuine opportunities for organic growth and a more accommodative policy environment, then, you know, if you can see that sustained for one or two quarters, it's a good sign. it's a very good sign. >> what about you've been surveying as well -- trying to understand how firms feel about china's liquidity crunch and what's going on in china. what is the feeling about that? >> we were very careful to look into the findings this quarter. because as you know better than i do, there's been predictions of all sorts of apocalyptic things happening in china. we saw bu

the uk has -- there are other countries that have stem duty.roblem with the ftt is it is an extremely broad tax, right? it starts to tax people double and triple and let me give you an example. securities lending transaction, right, so you're buying something and selling something. normally the return on these security lending transactions, a typical one, is 18 basis points. ftt could be as much as 20 basis points on that, right? which means the borrower pays once and then the beneficial owner pays again. that sort of thing is actually going to have a really negative effect on a market that is already quite beleaguered. we have regulations, we have costs. and at the end of the day, what do we really need? i feel we need system controls, okay, we need things that will prevent the trading glitch. we need the ability to stop erroneous orders going into a market. i don't believe we need to curb fht. fht can be a net provider of liquidity rather than a taker. >> that's what we're seeing in the markets, right? lower trading volumes, less liquidity an

uk's officials going on to say things ominous like "you've had your fun. now we want the stuff back." and "you've had your debate. there's no need to write anymore." what you are looking at is a macbook from "the guardian the" that held stuff from edward snowden. >> joining me allen rusbridger, editor in chief of "the guardian" newspaper. you write in the piece in the "the guardian" about being contacted by a representative of the uk government who claimed to speak to the prime minister over two months ago. i wonder was this before "the guardian" had published any of the edward snowden documents? >> no, we had published some of the documents so this was, i guess, some weeks into our handling of this material. >> had you had any conversations with the uk government prior to publishing? i know in some similar situations in the u.s., in regards to the nsa and wikileaks and "the new york times" had extended negotiations with the bush administration. had you had any interface with the uk government before you published the first snowden document? >> we have bee

we will stick with the uk. mark carney is facing some dissent on some of his central- bank policies. in a recent note, martin wheeled voted against mark carney's decision to keep the rates low. he said he is committed to keeping interest rates where they are until the unemployed rate falls below 7%. coming up next on the show, we will talk about samsung as they run into trouble in brazil. and mortgaging mongolia's future , how to get their middle-class a better chance for a better life. >> welcome back. brazil is taking aim at samsung. the brazilian government is suing the electronic giant for damages for violating labor laws. officials say that employees are subjected to long hours without breaks and unsafe working conditions. 6000 people are employed at that plant. samsung has responded saying that the company is committed to providing a safe work environment and is fully cooperating with the brazilian authorities. and in mexico's america mobile flans to buy kpn and it may be on hold. the foundation says they

so whether the idea originated with the uk or u.s., clearly the u.s.o see that. >> david, when you got back on the plane to brazil, what was that feeling? >> i was relieved. i was in my country. i knew i was going to be protected, because i was in my country. i know that people here would be carried about this situation and i would see my husband and i knew he was going to take care of this situation. >> glenn, i saw a quote from you saying you would be more aggressive, not less in reporting on england. headlines seem to indicate you would be acting out of revenge. is that accurate? >> it's completely inaccurate, anderson. i was asked whether or not the detention of david would deter my reporting and what i thought the outcome would be for the uk government. what i said is, if they think they're going to deter me in any way, it's going to have the opposite fact. it will embolden me, because when i see governments abuse their powers, i realize that they need even more transparency and more accountability and makes me want to work harder and faster to in

is against the law to be an illegal immigrant in the uk. that is the problem i have with them saying go home. the problem i have with a 3,000 pound bond is that it is clearly discriminatory. coming from south asia or south african countries, and a lot of the people who stay in this country are from south africa, new zealand or australia. it is targeting asians and blacks. and it is trying to say, you are not welcome in this country. the confidence that people have and the british government and the way the government -- the u.k. looks at the outside world, but also to reduce unemployment in the u.k. because people want to come here and invest. >> regardless of where they happen to be coming from, when they come here illegally, doesn't the government have the right to tackle those measures? >> the government should stop illegal migrants. i would rather they give them amnesty so we could clear up the backlog and then deal with the borders. but that is a separate issue. the problem have with go home is that it is bringing of a slogan from the

m&g in the uk, for the first time above 200 million pounds in the first half and uk business is continuingdo well. overall a very good performance. >> now, you seem surprisingly sanguine about what's happening in asia. many of your competitors were hit very hard by the slowdown. the worries around what's happening in asia, how is the emerging market weakness affecting you? >> it's not really affecting us because we are in a very early stages of the development of the market. what we are doing fundamentally is going into those markets and providing health insurance, out-of-pocket expenditures for health are the highest in asia, so it's an obvious case for bringing in insurance. because when people are insured like in the uk, out-of-pocket expenses are about 9%. in that space, we call it a protection gap. we can go in, sell people a policy, and everybody wins. it's a huge benefit. you can take something that cost 10,000 pounds, 80% savings for them. the company can make a good return and society at large. so it's really the fact that the penetration is very low. in all those countries we hav

under this uk law there is no right to have an attorney present. they offered him one of their attorneys. he declined. under this law, the person isn't allowed to have counsel there. >> i'm not arguing that. i'm arguing under this law of schedule seven of this particular law, you need a reasonable nexess to terrice skpm journalist -- >> jeff, that is glenn greenwald's argument, it's linking conducting journalism to acts of terror. >> the word journalism is not magical immunity sauce you can put on -- >> immunity sauce -- >> that you can put on anything and make -- eliminate any sort of liability. you know what? if he had nuclear launch codes on there, they can take that. if he had the names of undercover oftives, they can take that. our government and the british government regards the method of surveillance as just as serious a security breach. that's their -- that's the law. and, you next i'm sorry, glenn thinks that's a bad thing and if you go through the airport carrying that, that's your chances. >> what do you think british officials came to

and the uk? >> i'm sure it will.ns have got their own problem, they have got an election, so while kevin rudd is a foreign policy -- there is a limit to what he can do given the election on september 7th. it helps and it could certainly help in getting the resolution either voted up or down one way or the other and not stuck there for weeks or months. but, you know, ultimately it is not going to find a way around russian objections. >> and considering that there is no idea of putting boots on the ground, who would police the post assad syria? >> obviously what the british and americans and others are currently saying is, this isn't going to create a post assad syria. this is going to be a limited, targeted, proportionate response to the use of chemical weapons. it is not a regime change action. so, you know, we'll have to see, but i think what your question implies is the only solution to this is a negotiated solution which gets a government that represents all elements. >> is there any way -- most people view action

another strong set of economic data out in the uk.ufacturing growing at its fastest rate of more than two years at the start of the third quarter. the market 54.6 in july from an upwardly revised 52.9 in june. the fourth straight month of expansion. the strongest since march 2011. it beat by a wide margin. even the most optimistic forecast, reuters poll of economists and the latest, edging close to sustainable growth, in terms of escape velocity. sterling/dollar up to 152 on the session. adam cole at rbc. adam, your reaction to that number. it is pretty strong. >> it is, yes. and it is better than expected by a good margin for the fourth straight month. and it follows a fairly consistent theme running through all of the uk activity data. expectations generally are quite depressed and it has been lowered to the point where they deliver. for that reason, we think that the underperformance of sterling that you've seen over the course of the last month, month and a half, is something to be bought into. >> yeah. are we -- if we get more da

me, the building behind me will be tomorrow. >> reporter: no real idea what the options are that the uk consider? >> well, we can go through the various scenarios that have been considered over the past few months. there are troops on the ground at one end and an absolute definite no that is not going to happen. you won't see british or american or french troops on syria. we can return to arming the rebels but that was an argument that seemed to run out of steam back in may here in the united kingdom. if you recall the time when european union agreed to lift the embargo at british and french there was opposition particularly in the country and it's seen the prime minister backed away from that at the time. we are then looking at strikes of some sort. british defense officials leaking talks, leaking remarks about proportionate, direct strikes. but there is no illusion that this will be a very perilous under taking and defense is in a far more sophisticated state than libya when the britain and french embarked on this kind of action and that is not even really addressing the issue of wher

wine makers in the uk are doing a brisk trade annumer of vineyards is growing and should the likes ofe and it will be worried? and phil investigates. >> the uk is known for many things like buckingham palace and the beetles but wine. >> we make a fantastic sparkling wine in the country. >> reporter: he swapped the corporate life for quiet life and this is his yard in england, a rapidly growing number springing up and less gold crush and more grape rush. >> winning top awards internationally and the reason is because of the quality of the product is fantastic. >> reporter: you see the level of investment here and lots of new equipment and lots of opportunities to convince them british is best and his first batch goes on sale to the public if a matter of days. conditions for growing grapes are perfect and the country has gone through a heat wave and is it climate change and some say yes and some say no and that is a question for another day but what everyone is aware of is just how unpredistrictable the british weather is, last summer it was cool and miserable and the yield as a result

. >>> does solar energy have a bright future in the uk? cnbc's helia ebrahimi is live at a solar farm to shed some light on the matter. tune in at 10:40 cet. >>> the theme to the center of germany where the price of renewable energy is a hot election topic. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. >>> a german chancellor angela merkel told broadcasters that fresh aid require s for greece won't be decided upon until mid-2014. her comments which will be aired later this week come a day after finance minister wolfgang schaeuble openly stated that greece would need a third bailout program. this comes as ecb executive board member erik rasmussen said the topic of aid was not discussed on day one of his current visit to athens. he said his agenda was focused on how to make the current program a

doesn't need the uk to carry out its plans? >> oh, no. with the uk, i don't think that the plans necessarily called for very much involvement in nato. this was going to be our ordnance by and large. >> how long will this drag out? it could be a day, a week or month? >> i would think the plan is several days of attacks. not one, maybe two days, maybe more. we have to remember what the objective is. if the objective is to get us out from stopping attacks on civilians or to use -- stopping the use of mass -- weapons of mass destruction on civilians this isn't going to stop it. the only way you're going to stop that is if you have an enormous exercise of american military mite and we are not going to do that. this is a really a demonstration. it's an -- it's an empty gesture and it's not going to have any military effect, except take out some of the airfields. that will have a military effect negatively on assad forces but not overturn the regime. >> colonel, thank you for your objectives and help on this. >> you're welcome. >>> john kerry ex

can go with another group, without the uk.t will be a big hole in the coalition psychologically and political more than militarily. i think militarily the u.s. was going to hold most of the water in any kind of action. but i think what happened last night in the british parliament is a cautionary tale for the administration here. because if cameron wasn't able to sell this strike to his parliament, highly informed group of people, then the challenge for the president of this country, who may not have that particular problem, he doesn't have to go to congress. there's precedent for him not to go to congress. but he's going to have to sell the same idea to his peeople, t the american people who are not necessarily as well informed about the developments in the middle east as the british parliament so this is going to be a really hard sell. and what the president says over the next few days is going to be crucial. >> and i want to get from both of you quickly, i want to get expectations and the time line. gayle, let's start with

an important ally to the uk urged against intervening in syria in reaction to the suspected use of chemicalpons. the u.s. defense chief chuck hagel says the united states still hopes to act with other allies. >> our approach is to continue to find an international coalition that will act together and i think you are seeing a number of countries say publically state their position on the use of chemical weapons. >> reporter: on thursday british members of parliament voted against involvement in military actions. >> ayes to the right 272, the nos to the left 285. >> reporter: among those who voted against the government's proposal was 30 conservatives, members of prime minister david cameron's own party. >> it's very clear tonight while the house has not passed a motion it's clear that the british parliament reflecting the views of the british people does not want to see british military action. i get that and the government will act accordingly. >> reporter: and in australia the prime minister said they are confident chemical weapons were used and syrian president bashir assad is responsible

the uk's property market is said to be witnessing the fastest growth since november 2006. is british real estate safe as houses. tune in for that discussion. meanwhile, china's forecast to twice the co2 produced. we ask what checks are in place as the country's economy continues to grow. >>> treasury yields are hovering around two-year highs amid signs of a gathering economic recovery in the u.s. could a spike in yields upset the fed's tapering planning. we discuss the fed and fixed income plan at 1100 cet. >>> and the department of justice has takin the wind from under the wings of a proposed merger between usairways and american airlines. can the deal still proceed for takeoff? we'll take a bird's-eye view at 11:30 cet. if you have questions for anyone on the show, please do e-mail in your questions or comments to worldwide@cnbc.com. >>> let's get back to one of our top stories this morning. german chancellor angela merkel says the election will be a very close call as she made it clear she would not be complacent, despite her christian democrats increasing their lead ov

and we're now the leading frozen yogurt brand in the uk.success is the originality and quality of the product and low fat or low in fat, very low in sugar. we have no artificial ingredients in the product. that's really the key to this success. >> we have got a fantastic board that our producers prepared for us, about the health benefits of frozen yogurt versus ice cream. the scoop on coal refreshments, one cup of regular vanilla ice cream, 275 calories. one cup of regular vanilla frozen yogurt, 221 calories. the calorie count is definitely lower. it is not substantially lower, though. it only has six grams of fat versus 15 grams of fat. kevin, let me bring you in too. you work for ice cream. is this the success of the frozen yogurt, does that mean huge demise for your industry or can you even capitalize on it? >> what we have seen is a great benefit actually from the whole ice cream market. what happens is people are coming in to ice cream, that before were a little concerned. they're coming in via frozen yogurt. so ben & jerry's, we saw l

having the first baby panda in the uk would be a massive boost.his panda does not belong to the uk. it is the property of china. after two years, she would have to be returned to china. the other thing i can tell you it wouldt would be -- not be sure until january the first. the public would not get to see the cub until january. >> that is some way off grid laura, thank you very much. moving on, golf's masters champion adam scott threatened to break the course record in the pga championship. world number one tiger woods is six shots off the joint leaders. nick marshall maccormack has this. >> rain softened up the course for the golfers, and adam scott took full advantage. scott birdied five holes in a row, a dream start, he called it. he would've had the outright lead had he not drop the shot on the 16th. scott and jim furyk threatened the course record of 64, but the american and australian settled for a share of the lead at negative five. tiger woods is six shots back, but the world number one says, do not write him off yet. with shots like this

. >> i am at the uk national archives where top-secret documents are top secret no more. find out why the relationship may not be as close as previously thought. >> diplomatic efforts to resolve egypt's political crisis are gathering pace. it comes as egypt's rulers issued a new warning to supporters of the deposed president to leave their road test camps quickly. -- their protest camps quickly. we do west are well is urging members of the interim government -- guido westerwelle is urging members of the interim government not to use violence. those loyal to mohamed morsi have been told if they leave their sit in protest without a fight, they will be given safe passage and protection. the government has not said at that -- the deadline for the -- has not set a deadline for the clear-out. >> the interior minister calls on those gathered listen to the voice of reason, give precedence to the national interest, and act for the greater good by swiftly leaving from the two areas, clearing them completely to ensure the safety of all citizens, with a firm assurance and total prote

. >>> the uk's wine industry is booming, and has its continental rivals in sight. >> reporter: the ukn for many things like buckingham palace, the beatles, westminster, wimbledon, but wine, really? >> yes, really. >> reporter: simon swapped the corporate life for the quiet life. this is one of a rapidly growing vinery popping up. >> the quality of the product is fantastic. >> reporter: look around and you can see the level of investment here. lots of new equipment, and -- simon's first batch goes on sale to the public in a matter of days. this country has just gone through a bit of a heat wave. is it climate change? that's probably a question for another day, but what everybody here is aware of is how unpredictable the british weather is. last summer it rained, it was cool, it was miserable, and the yield was pretty her -- horrendous as a result. they only have 420 vineyards and around 100 wineries. france has 110,000 vineyards and 27,000 wineries. for the uk that means there is still a lot to learn. >> we have been going for 60 years. so we don't have the experience. we don't have th

that's a big thing because like when they say like i was in this -- under this law, terrorist, you know uk and united states do, they have all the powers in the world to do anything they want because they

online, you might need a smartphone to do that and therein is the problem as more than half of the ukxperienced the anxiety that you get when you realize that you have not got your phone with you, that disconnection from a constant connection. not just telephone calls but texts, e-mails, apps, a camera, music and for some it just does not bear thinking about, and such is the fear of missing out that 17% of us will work on our phones when we are in bed, very restful and hardly romantic but a quarter of women look at theirs on a day and half of the uk will take theirs to the beach and not just in this country as much of the world appears to share this cellular obsession. think that mobiles are the future? experts say that they do not make manners like they used to. >> you wake up, has anyone been trying to get ahold of me and last thing at night is anyone saying good night, instead it needs to be a disciplined introduced so that people are not living for a mobile phone, they are living their lives. >> reporter: addicted to your phone, there is an app for that for when you cannot switch

more than half of the uk has apparently experienced this.the feeling, the anxiety you get when you realize you don't have your mobile phone with you. it's that disconnection from a constant connection, not just telephone calls but text, e-mails, internets, games apps and camera and for some it doesn't bear thinking about. such is the fear of missing out that 17% of us will work on our phones when we are in bed. very restful and hardly romantic and women will look at theirs on a date. half of the uk will take theirs to the beach when the weather is good enough to go. it's not just this country. much of the world appears to share this cellular obsession and tell the experts who say we need to look at the past and don't make manners like they used to. >> reporter: you wake up and you see if anybody has been getting a hold of me or saying good night or wants me to speak. it needs to be a discipline introduced so people aren't living for a mobile phone. they are living their lives. >> reporter: so addicted to your phone, there is an app for that

it had expected the uk to join a possible coalition but the british parliament voted against any strikessyria as carolyn malone reports. >> reporter: the resistance outside of the white house against the u.s. attacking syria. and the leaders look at military options and an important ally is against intervening with syria with suspected use of chemical weapons and chuck hagel says the united states still hopes to act with other allies. >> our approach is to continue to find an international coalition that will act together and i think you are seeing a number of countries say publically state their position on the use of chemical weapons. >> reporter: on thursday british members of parliament voted against involvement in military action. >> the ayes to the right, 272 and nos to the left 285. [cheering] . >> reporter: there were 30 conservatives and david cameron's own party. >> they have not passed a motion and it's clear that the british parliament reflecting the views of the people does not want to see british military action, i get that and the government will act accordingly. >> report

at remind a lot -- of the lot of 1997 when the rupert murdoch came out against tony blair in the uk in the australian market, newspaper outlets do not typically come out in favor of a political candidate. >> it seems very british, even using the second world war analogy and comparing politicians to hapless characters. that is something british tabloids have been doing a long time. >> that is why it brings back the memories of 1997 and tony blair in that relationship. australian newspapers generally speaking are a lot more objective than what you might find in the british tabloid press. they do not really stand for a lot of endorsing candidates or smear campaigns. but in an instant, it seems like we have seen a bit of a turnaround. and murdoch is pushing that. >> how much of a threat does this broadband network really pose to foxtel? >> i think it poses a significant threat. you can see a crossbow world these days people using broadband a more and more -- netflix, hulu, and even news sources. -- is a dyings industry across the world due to the power of the internet. it does pose a signi

but if the uk backs the use of u.s.vernments military action are indeed participate in it, then the conflict could will draw and russia, iran, the back assad's regime, possibly making diplomatic talks more difficult and certainly not easier for the future. and i would at this point refer to yesterday's guardian where it was said that even if assad use chemical weapons, the west has no mandate to act as a global policeman and by ordering air strikes agains syria without a u.n. security council mandate. president obama would therefore be doing the same as bush in 2003. yes, i give way. >> in his legal experience and opinion, at what point does destroying air defenses and preventing a military capability start to become regime change? wouldn't that b illegal? >> really, regime change is unlawful at and international law and any part of that -- therefore it would follow the autumn of -- auible jump is quite right but the timing of thedecision must also be questioned. regarding military abjection, if the decision as our been

part of it was an 8% drop in sales in the uk stores. shares fell 4% to $67. >>> investors in campbells soup weren't saying mmm, mmm good after revenue came in short of expectations at the core u.s. businesses as they cooled down. as a result, shares were off by 3% to $43.33. >>> and google is losing one of it's top executives to a chinese smart phone maker. vice president of google's platform android is going to china's which makes, you guessed it, android based phones. shares were up to $855.43 a share. >>> leading the united states for a job in china presents many challenges to say the least, but for a convicted financer in china known as china's bernie madoff the punishment for defrauding investors in a ponzi scheme is more severe. it's raising questions about china's criminal justice system. >> reporter: this machine is known as the bernie madoff of china. he was found guilty of defrauding investors. he was executed by firing squad. his death is raising questions. was he a perpetrator of flaw of a financial system that's a threat to

and uk helping to counter a slowdown in asian and african markets.tising giant said it expects a stronger second half and slightly raised its forecast for full year revenue growth to over 3%. in a first on cnbc interview, the group responded to fears over a slowdown in emerging markets. >> asia, latin america, africa and the middle east continue to be much better than mature markets. but not as strong as they were before. what we see on the functional side is media investment management, media planning and buying growing strongly. >> now, chinese banks, the world's most profitable bank, icbc added to its bottom line with a 12% rise in first half profit on the year. it beat second quarter forecasts earning nearly 70 billion yuan. yesterday, number three lender ag bank rode higher fees to a 2% gain in profits but they're warning of challenges ahead, including a rise in bad loans and narrower interest margins. earlier results from china construction bank, bank of communications reflected a slowdown in profit growth. chairman for sterling finance hong ko