so much, marku barton, joining us from london. have lotshere, we more.ng online is not easy enough for you, amazon is doubling down on its -- button to make one-stop shopping even more convenient. with oil dropping for the second straight day, $20 a barrel and we will hear from citigroup's head of commodity research who called for $20 oil earlier this year. plus, the fed releases its phase book at 2:00 p.m. eastern today and we will see if they give clues on the timing of the first ray kite. first, china's stock of picking back up today. they trimmed losses on speculation that state farm intervened stabilize the markets before the country celebration of china's role in world war ii against japan. take a look at the index of the six days you is or for dips that have moved higher around the same time every day, perhaps waiting for some kind of government intervention. for a closer look at these politics behind china's stock market. , i want to bring in jamie metzl who joins us here in these studio. he did for date a chinese market bubble bust back in june.

hadley joining us from london.ow's wall street reacting to the jobs report and what does it mean for fed's decision on interest rates? >> hey louis. what we saw was major industries closing down in second worst week of trading for a year. that's off the jobs report released last friday. what we've seen many investors speculating this will be a hike by mid september. u.s. investors making triple digit gains for dow looking more likely. we'll have to wait and see. >> thank you so much. >>> still ahead, williams looks to make history. >>> a player hitting a referee so hard his hat falls down. the question is, was it intentional? a check on weather when "way too early" comes right back. you forgot the milk! that's lactaid®. right. 100% real milk, just without the lactose. so, no discomfort? exactly. try some... mmm, it is real milk. lactaid®. 100% real milk. no discomfort. i started with pills. and now i take a long-acting insulin at night. i take mine in the morning. i was trying to eat right, stay active. but i wasn'

cnbc nancy joins us from london. hi. >> hi lewis. looking like a case of wagging of a tail. many on edge over the hike rate and what it means for u.s. stocks and emerging markets including china. now it's shifted to china. really prompting concerns over what that means for u.s. exporters among the big tech names that sold off with likes of amazon, google, microsoft among the big losers in the session. stocks are called higher today. looking at triple digit gain of 100 points for dow. that has to do with with what some say is typical behavior of the territory. we could see increases next few months as investors embrace for that hike. the big focus is friday's job number. we get a hint on that today with the adp report giving indication of how the jobs picture is fairing. all are keeping a close eye on the jobs market. . back to you. >> let's hope today is better. thank you so much. >>> now to a new poll that suggests vice president joe biden would be the top choice among primary voters the hillary clinton falters. the poll asks democrats who they support in the primary if pol

and joins us from london. good to see you again, what happened? it's tough to say what happened. the background is obvious. there's a fourth coming parliamentary elections, there is promises, and the image of being the tough military men who cracks down on the civilian bureaucracy corruption. and seen in a spectacular way, the agricultural minister was arrested in day light. in front of many cameras, and also the - what's happening with religious endowment minister. and there was an embarrassment when one of the tunisians journalists highlighted the corruption case against the current prime minister. who was implicated in a case against mubarak. the so-called presidential palace case. there was a package of corruption, vis-a-vis the counter administration and a fourth coming parliamentary elections, and there has been the international donors, because egypt - the moment the party survives on the international aid from the gulf, mainly from the golf. and there has been a lot of questions about where are the $40 billion that they've been given to the country after the july coup, an

be having a major protest in new york on saturday and thank you to philippe legrain who joined us from londons does it for our broadcast. a very special happy first birthday to our producer's daughter sam alcoff. democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to outreach@democracynow.org or mail them to democracy now! p.o. box 693 new york, new york 10013. [captioning made possible by democracy now!] [bell ringing]

cnbc hadley joining us from london.rs bracing themselves for federal reserve most crucial policy decision in years. tell us more about it. >> that's right amy. i think you can expect major volume the tillty going forward for u.s. markets today. we've heard from the german finance minister saying another bubble is on the way. u.s. stocks closeing higher yesterday. this reflecting nervousness ahead of the fed decision next week. if they raise interest rates, if they don't, seriously concerning investors. top economists saying it isn't the right time. we'll keep a close eye on that and expect volatility in the markets. >> k cup manufacturing better known for coffee is changing the strategy to making chicken noodle soup? >> yes, basically get all your campbells favorites at 70 calorie ares in a pod. you have to remember both companies have had sales slumps over the last year. it's quite clear they're looking to this new pod to get a comeback. >> we'll see if it works. cnbc hadley, thank you for joining us this morning. >>>

be having a major protest in new york on saturday and thank you to philippe legrain who joined us from londons does it for our broadcast. a very special happy first birthday to our producer's daughter sam alcoff. democracy now! is looking for feedback from people who appreciate the closed captioning. e-mail your comments to outreach@democracynow.org or mail them to democracy now! p.o. box 693 new york, new york 10013. >> everybody loves salmon, knows how to cook salmon, enjoys salmon, but i have a twist on it, and this is just the beginning. >> tutti a tavola a mangiare! at cento fine foods, we're dedicated to preserving the culinary heritage of authentic italian foods by offering over 100 specialty italian products for the american kitchen. cento --

ashok shah is still with us from london capital. about a 25panic basis point rate hike. rds like that from respected institutions a source of panic? we have to look at white these types of statements are being made here it in emerging markets have gone on a borrowing binge. interest rateso and the liquidity was getting flooded in the market. the company's and corporations have been borrowing at very low costs. a lot of the borrowing is unhinged. the dollars interest rates begin to rise, it strengthens the dollar. which willmatch cause a lot of bankruptcy down the line. a lot of the money has gone into the share of banking. about're talking unwinding both of those things. that is going to have a negative feedback in terms of economy growth rate. the housing market. jonathan: we are up against the clock. the start of normalization in the u.s., greater than the chinese slowdown. the falling commodity prices. i want to present my wealth, where do i go? ashok: concentrate on the [indiscernible] in terms of equities, you need to think about high debt to equity. companies that m

reporting on the refugee crisis joins us from london, very good to have you with us steven. as we just reported things got uglier on the hungarian border. refugees faced water cannons, tear gas and police with batons. but some refugees threw rocks at police. the chaos is getting worse every day? >> it's getting worse every day. it's an embarrassment in europe. the problem begins in syria which has been a tragedy of more than four years standing. in a way i'm surprised it hasn't hit europe faster than this. >> it seems as if the west had ignored it until it came knocking on their door. was this crisis predictable and is it evidence of a failure of western leaders? >> it is. it is more like out of sight out of mind. as we know there are more than 4 million refnlg registered syrian refugees, together it's about half the population of a civil war that's not finished that doesn't seem to be ending. most of these people are in turkey, lebanon and jordan. part of the problem is the rest of the world has not funded the u.n. agencies that take care of these people to the same degree

ryan chilcote joins us from london.heust heard hans cap about potential for the porsche ceo to become the volkswagen ceo. what does your research tell you? ryan: it is possible you see amongst the people standing at the microphone, porsche controls the family estate that has the majority of the voting shares. a hand in who becomes the successor to martin winterkorn. there wereard -- challenges to martin winterkorn earlier in the year that were unsuccessful. i want to give you the perspective of shareholders today in the stock. funny enough, ever since it became clear that martin winterkorn is going to step down, when he issued the statement and now that we get that press conference from the members of the executive committee that he will step down, the shares have actually come down a bit because they have had such a great day. i think in part it is anticipation that it was going to come to this. that martin winterkorn, the boss for eight years now i've volkswagen boss of 600,000 people who has really been an entity in

mark: mark barton joining us from london. , gauges contracted in august. ster at that story from hong kong. stephen: five industry cuts and have failed to revive growth in the chinese economy. manufacturing pmi fell into contraction for a 3.5 your low. the separate pmi of mostly privately run factories also should contraction. goldman sachs says the economy is going through a deceleration. that has been exacerbated by the current stock market route. monththe turbulence last has not been kind to greenlight capital, the investment firm led by david einhorn. falling 5.3% in august. scarlet joins me with more. scarlet: august number is not pretty. tot brings the year date loss at 14% for david einhorn. the second year that the hedge fund has lost money since david einhorn cofounded it in 1996. the last annual loss was back in 2008. that was a brutal year for most funds when it lost 23%. said in augustrn the overall market environment has become acutely unfavorable for our investment strategy. most of its peers are beating stocks. scarlet: and the volatility has

olivia: to help us answer that is iain begg, joining us from london. susi dennison, senior fellowship on the council of foreign relations. she joins us via skype from france. thank you for taking the time to speak with us. have all woken up to some terrible images this past week, focal points. the terrible image of the toddler washed up on the beach in turkey, and the horrible story of the truck in austria that was found with 71 bodies. we see the terrible scenes at the budapest train station. those are anecdotes. described was the size and scale of the crisis. ian, let's start with you. now seeing hundreds of thousands of would-be arrivals in europe. it's a mix of economic migrants and refugees. people escaping onerous regimes. they want to cross into europe, they are paying people smugglers for the most part to bring them in. the result of this is the particularlyries, hungry, greece, and italy, are being swamped by the numbers that are arriving. relates first was security problem, second to a humanitarian problem of how to deal with what our unpreced

thank you, mark barton joining us from london. central bank left all unchanged as expected. he cut the euro area's growth outlook and also said the ecb will use all tools at its disposal as needed. >> we wanted to emphasize in the discussion we have today, a willingness to act, a readiness to act, and capacity to act. ready, willing, and able. you heard it from his mouth. joining us is the chief economist from frankfurt. i know we are having a little trouble with the line, but give me reaction to what you heard from mario draghi this morning. dovishink it was a very present on his birthday to markets. to more qe,e door it doeshe same time, not even discuss how and when it walked through the door. we have to wait only if the economy starts to falter. is qe in europe working? it is, workingnt to the extent that we do see a gradual economic recovery taking place. thes obviously not taken to -- mainly driven by energy prices, and not in by -- nothing qe can do about it. how worried should we be about diversions in the eurozone, the fr

ceo of the cvb bank joining us from london.u up-to-date on those headlines and get you a check on global markets, particularly today's big slide in equities. coming up on ♪ ♪ ♪ scarlet: welcome back. we want to get you caught up on market action around the world. asia, where japan's nikkei to 25 fell almost 225. -- added almostcomp 1% or 29 points. one story out of the region is chinese president xi jinping's first visit to the united states with a stop in seattle. we have more from hong kong. >> no surprise xi jinping picked seattle as his first stop. his three predecessors all visited the city as chinese president. the unofficial view is that he will get a warmer, more informal welcome in tech and business ridley seattle than in the more politicized atmosphere of the nation's capital. they want to portray back home and in the u.s. a leader willing and able to work with america. more contentious issues like the trade deficit, hacking allegations, human rights, climate change, and china's military ambitions in the south china s

from venice back to us here in doha. then i'm going to hand you over to london, barbara is there and she's going to be heading up the next bulletin. from me and the rest of the team, thank you very much for watching. >>> thousands rally in london and across europe to tell refugees, you are welcome. >>> hello. you're watching al jazeera live from london. all coming up, we join syrian refugees as they struggle to leave hungary to seek safety in germany. >>> saudi authorities blame heavy rain and strong winds for the crane collapse that killed 107 people in mecca. >>> as u.s. police officers attend a special weapons and training program, we examine their

our correspondent joins us from london. who are the people on the committee.t's significant that it's taking place. it is the home of f.i.f.a., and they want is to be seen as independent as possible. it's important how it's seen. not just what they see. it's chaired by a former director-general of the international olympic committee. he let slip in an interview that he thought the treatment of sepp blatter was unfair. it's not laining wij needed to be used. already there people question. there has been talk about power moved away from the federation. on the reform committee, there's two representatives, they are looking at whether they should have less power. can you see the conflict of the interest developing here. such an important time for f.i.f.a. with the election of a new president in february. >> lee wellings in london >>> tennis's bad boy nick kyrgios says he's learnt from his experience following bad behaviour at the montreal masters. he was effectively put on probation after making oncourt remarks about his opponent's girlfriend. he showed his contro

let's speak to michael walsh joining us from london.ou say that this is an historic moment then for the catholic church? >> well, it's quite a big shift, really. there has always been the requirement that -- as you -- you have reported there, that they were -- that anybody seeking annulment had toe go through two processes, now that it has been reduced to one, it will be much faster. next month, in october, there is going to be a gathering of bishops from the catholic church. one of the issues will be the debate of the approach towards catholics who have divorced and been remarried. >> so why would the pope make this decision now? >> oh, because i was just saying because of the fact that there is going to be this senate which is going to deal with the whole problem of divorce and remarried catholics. he's making it easier for people to get an annulment in the catholic church. he setting the ground towards those who say it is too difficult. he also has the year of mercy from december to the end of november, so at the beginning of the new

apple fell nearly two percent and cnbc joins us live from london. investors were not too impressed with the apple's presentation. tell us more. basically it was a series of upgrades. we saw the iphone and wales saw new apps for apple tv, and we also saw a bigger ipad. a more expensive ipad. not that much. so what you have seen is investors unimpress and the company seems to be baning on the momentum behind it and keeping it going. >> yeah, we also know that the justice department is renewing and what can you tell us on that? >> well, the roles reflect criticism. they have been going after major things and at the same point they have not been going after individual executives. these are allowing the justice department to do is prioritize after going in single and individual executives opposed to just the company himself. >> okay. cnbc thank you very much. >>> still ahead on way to early. the day football fabs have been waiting for. the official start of the nfl season. how find how how they're making history. >>> a former tennis stars bruising law in

hyung-taik lee -- lawrence lee joins us from london. there's hysteria about jeremy corbin being labour's leader. what upsets him and excites grassroots members of the labour party. >> well, this is a man knocking around the left of the labour party for decades. up until this summer, he was dismissed as a last remaining dinosaur in an otherwise modernized labor party. when the election campaign started, not even he thought he had a chance of winning. what it demonstrates is an ex-crucial nating gap that exists between the parliamentary labour party that modernized from tony blair onwoods. and supporters, and, you know, whatever you think of jeremy corbin, whether you think his ideas are out of date. the fact of the matter is, unless everyone is wrong, he has beaten the political establishment. there's an enormous dysfunction between the membership. and overwhelmingly what it says is among the grassroots they want a different sort of politics, they don't want a labour party that looks like a week alternative. they want to return to someth

has been more debate prove owned about the response to the crisis, simon mcgregor-wood joins us from london. what is the response there, simon? well, across the board here, the british newspapers are dominated by the image of little ireland kurty, notoriously the independent newspaper going the extra yard and publishing perhaps the most disturbing and graphic image of the child's body, after it was washed up on the beach. others from across the political spectrum, regardless of general reporting to date on the issue of immigration, the left of center daily mirror, a single word unbearable, using a softer image of the policeman picking up the child. and one of the rupert murdoch's stable newspapers, the sun, not traditionally sympathetic, again choosing to use that. it is important to day that the image is widely shown by british newspapers. it's used incidentally to the day that british schoolchildren go back to school at the end of summer holidays, many of whom, as the leader writers point out have been to the turkish beaches where the child was found washed up. it's having a huge impact.

paul brennan is following developments for us from london. >> 59.5%, nearly 60% of his party voted in support of his leadership, and the idea of some kind of civil war or even some kind of plot to out of the him at this early stage, i think is fanciful. this is an opposition party looking for its direction, for where it's going to go next and how it's going to effectively put its arguments forward, given the fact that it's going to be out of power for a minimum of four and a half years. the next journal election i guess not until 2020. as far as the right wing press or the general media here in the u.k., i can show you some of the newspapers. the left-leaning observer newspaper says corbin hails his huge mandate as he sets out his leftwing agenda. it does warn that principle is nothing without achieving political power at the end of it. the sunday telegraph, which is more right-leaning says the death of new labor as its headline. he wins by a landslide, leftwinger tom watson makes history, his deputy as unions take control of the party. we're going to hear a lot more about it i think

peace accord over next few months. >>> let's get more on the unga now, rick robertson will join us from london, matthew chance standing by live this hour in moscow. away from the public match at the u.n. between putin and obama, now seem to be the prospect the two leaders could work to the for a political solution in syria. >> yeah, and i think if you cut through the frostiness of the relationship between president obama and president putin of russia, clearly there is an inevitability about the fact that they will have to work with each other in syria. already, russia boosted the military footprint in syria. it's got most advanced warplanes there, high-tech military equipment that it's using to back up not just its own diplomacy but also the government of bashir al-assad. and that presents the united states with a fate, russia essentially has -- russia essentially has boots on the ground. and its intention is clearly to back up president assad of syria. take a listen to what vladimir putin had to say in his speech at the u.n. general assembly yesterday. >> translator: we think it is an enormou

us. live from london, keep it here. this is al jazeera. >> afghanistan calls in help from the u.s. to try to reverse a stunning loss to the taliban. >> germany cracks down on refugee pretending to be

jeff joins us live from london. good morning. >> hi louis. this is becoming the new normal.ple weeks of this volatility. to be honest, nobody thinks it will stop here. reasons remain the same as we've seen. dramatic declines in energy price. as far as china is concerned, we're worried how this economic slowdown is going to impact corporate profits. look at a company like gm for for example that makes a significant chunk of profit from chie ana, you have to see a the markets are trying to understand how much of impact on u.s. economy the china slow down will have. volatility set to continue from here. back to you. >> there's a big jobs report out tomorrow. how do you think it will impact the fed rate increase? >> the irony of course is even as we have the market declines, better data coming out of north america. the jobs report wasn't far off the money. that was mine. we had a beige book on economic conditions that was good. the analysts have pencilled in 220,000 job gains in tomorrow's payrolls. if we get that number, it will be interesting to see how the market reacts. they

mark: matthew campbell joining us from london, ken shay joining us from princeton university.much. we are just about 24 hours away the u.s.decision by federal reserve. we will find out if policy makers will raise interest rates and what that might mean not only for the u.s., but global markets. we will have special programming for you on thursday beginning at 2:00 p.m. new york time. ♪ mark: let's get straight to a check of the markets. julie hyman is standing by in the newsroom. good afternoon. julie: we have had the major averages gaining throughout the day as investors await fed decision. earlier today we had a change, and that's more typical as investors do wait for the fed, especially when we have actuals and around the decision -- suspense around the decision that will be announced tomorrow. it looks like a lot of the gain is coming from energy stocks. you see what exactly i'm talking about here. rally at thisased point. energy is the best performing group, closely followed by utilities. wise as well as materials, are contributing to the gains in today's session. oil of

turmoil, including weak data from china, and now there are concerns about how badly the volkswagen scandal could impact germany. cnbc's steve sedgwick joins us live from london. and steve, the fallout from volkswagen has been stunning. >> yeah, absolutely stunning. and it continues, jonathan. there are some really big news headlines hitting the wires literally in the last half an hour. what we do know, of course, is that winterkorn has resigned. he might still get $32 million in pension after leaving as well. the three big bits of news within the last hour is one, the company said they will potentially announce a new ceo tomorrow. a lot of hot money saying it could be the boss of the vw brand or indeed the boss of porsha, as well, which is part of the -- another bit of news they're going to start naming names on friday of who is actually responsible for this so-called defeat device algorithm which changed those emissions so dramatically. and another bit of news coming from a german publication, which is now accusing potentially bmw of having worse emission results in some tests than potentially volkswagen's were. i can tell you as i speak bmw shares are movi

from other characters we have found before. >>> thank you for joining us. i'm randall pinkston. the news continues next live from london. us out on aljazeera.com. ♪ the u.s. warns of a risk of a confrontation. this is al jazeera live from london. also coming up. >> authorities struggle to retain control as europe refugee crisis continues to worsen. 100,000 people forced from their homes in the worst floods in japan for half a century. and scientists reveal they have found the rns

researcher for amnesty international has just returned from hungary where she saw the living conditions for refugees firsthand. she joins us live from london. obviously i'd like to know what it is that you saw, what you experienced there in hungary. tell us. >> it could be described as a chaos, but should we go into details, conditions provided by the hungarian authorities are completely in adequate. the moment people enter hungary, they find themselves in the middle of a field, which the hungarian authorities call a collection point, but the government doesn't provide facilities there. the only ones helping are volunteers and as of friday, 150 tents will be brought there. the biggest problem is at night when most people are arriving and there is nothing for them. we encountered people shivering from cold and terrified they would spend the night in the field. those with their own tents sleep in them, but many simply don't. the next stage from this collection point is the registration center, about 700 meters away. the authorities especially the police are escorting people there in buses, but even then, they didn't have enough buses. someti

cnbc's steve sedgwick joins us live from london. steve wall street seems to be in a kind of wait and see mode this week. what can you tell us about that? >> yeah, that's exactly what it is. i mean, for instance yesterday the daup only had 120 point range, one of the smallest ranges we've seen in around about a month. the markets though still under a lot of pressure. all kinds of concerns. the question is, the markets, really don't know what they want in many ways. do they want a rate hike which shows the u.s. economy is strong? that it's growing over 3%? that they've got 5% almost full employment in the u.s.? or do they want the confidence of knowing that the cheap money continues? and is that indecision which is affecting a lot of people. seriously the economists don't know what they think is going to happen. it's around about a 50 swlsh 50 split on whether we get a fed hike this time around or whether possibly one at the end of year in december. october seems out of range though because there's no press conference attached to that

cnbc's louisa wouldjensen joins us live from london. bad news from caterpillar certainly didn't help, did it? >> no, it didn't. and these bellwethers. we watch them so very closely to see what the state of these big economies is in the overall landscape caterpillar cut the revenue forecast for 2015. they're cutting up to 10,000 jobs through 2018. shares hitting a five-year low yesterday down as much as 8% at one point. it is this china-led slowdown that really hitting a large of the metal and mining companies. a lot of the underlying iron ore prices for example, trading a lot lower. six-year lows for some of the raw material prices like crude, copper, iron ore is mentioned, coal. we're looking at oversupply again as weaker chinese demand. speaking of china, they're to announce a cap and trade program today to limit emissions. this is a big deal because they are the world's largest polluter. and they're going to be reducing emissions in big industries. so like steel, cement and power. that's where they're looking to cut back. they're goi

cnbc's julia chatterly joins us live from london. julia, what's the latest? >> good morning, louis. this is the killer question, isn't it? will they or will the fed not hike rates tomorrow when they give us their decision? there's a lot of suggestions around how or which way they're going to go. and opinions still very much divided. on the one hand we've got economists out there saying look the u.s. labor market is strong enough to take a rate hike. then on the other side you've got financial market players who are saying there's just too many wild cards out there. they're concerned about volatility. they're concerned about china and the risk about the growth outlook there. they're also concerned about inflation in the u.s. are prices rising quickly enough? no, they're not. there's lots of excuses on both sides. and i think that plays to the rally that we saw in the u.s. session yesterday the likes of the dow and the s&p up more than 1%. financial market players betting that the fed won't choose to hike rates tomorrow. i think one thing though we do all agree on is if they don't hike

nick robertson joins us from london.ep saying it will be interesting to see the new developments. what are the details the france president provided in new york when he made this announcement on the air strike? >> reporter: this is a significant step, if you will, by france. this is something that's been in the works for some time. france has committed it along with all the nato nations to trying to destroy isis, and by going after them now with their air strikes inside syria, then, this is a significant step in that direction. of course, there are critics who say the air strikes alone aren't going to manage this. there's a lot of increasing pressure to find a lasting solution, and we heard that from david cameron over the weekend, saying that while bashar al assad can't stay in power, this is a position the french government has had in a long time. they've painted themselves into a diplomatic corner. we're hearing from the british prime minister saying we need more discussions about the tr transition of bashar al assad.

cnbc's steve sedgwick joins us live from london. steve, clinton lays out her plan to rein in drug costs later today, so this story is far from over. >> yeah absolutely. and it could go with the market taking no chances yesterday. they knocked $15 billion off the value of these big biotech pharmaceutical companies. for instance we saw valiant shares falling 5.4% biogen shares as well who's got a multiple sclerosis drug which costs around $55,000 a year fell by 5.6%. alexonfell by 3.6% as well. so the drugs companies are being sold off heavily on the back of those comments from hillary clinton. else where, very big news today. the first state visit from president xi. he's of course the main man in china. he's starting off his visit to the united states in seattle, as well. and he's been trying to steady the ship of course. a lot of concern from jack lew and others as of late about what's going on in chinese policy. president xi just defending his government's economic stewardship saying they took action over the summer to defuse syste

cnbc's jeff cutmore joins us live from london. what rattled investors yesterday? >> it was china, china, china. we're back in the same old worry about whether this economy is slowing down, and whether they'll get anywhere close to the projected 7% growth rates. the key number, profit in the industrials. an 8.8% decline, again making investors very nervous that this economy is on a gradual path to much slower growth rates, somewhere potentially around 4% to 5%, rather than the 7% projected. so, jitters around china continue. and you know what? the market's not getting a great deal of help today from carl icahn the iconic hedge fund guru has put out his own 15-minute tape explaining why he thinks the u.s. economy is at risk, and also saying he thinks that there are bubble-like conditions and malinvestment that have been created by the federal reserve and other central banks that have kept interest rates extremely low. so that very slick video available on carl icahn's own website, and of course, all financial media, have been covering this story, carl icahn, one of

cnbc's steve sedgwick joins us live from london for more.teve, how are investors reacting to this stunning announcement? >> yeah, at the moment, jonathan, they're taking it pretty well. the shares, germany trading up 3%. after hours last night in the states trading up 5.3%. it's to be expected. the figures have been pretty tough as of late for ralph lauren. the most recent year-on-year revenue slipped 5.3%. but mr. larsson, old navy, he really turned around the aging brand which had gone to $1 billion worth of sales by 2008. he got them up last year to $6 billion. the market is very excited about if he can dot same thing for ralph lauren that he did at old navy. >> and, steve, i can't let you go without asking about volkswagen. seems like we're talking about it every day. says they're going to retro fit millions of diesel cars in the next few days but not in the united states. why is that? >> yeah, there's the problem. 11 million vehicles, they're going to start retro fitting these. unfortunately the states which are normally so far ahead of

cnbc's steve sedgwick joins us live from london. so steve, what are investors expecting to hear? >> well, exciting thing about this fed move is we don't know if we're going to get a hike. we don't know if they're going to stand pat and hold off until later in the year, possibly even signal 2016. the sector economists out there are pretty much evenly split. the market itself in terms of fed fund futures is giving it around a 25% to 30% chance of a rate hike this time round. if it were just about the u.s. economy and just about the unemployment rate then we would probably go this time around. but the missing ingredient is wages, and inflation, as well. that is why janet yellen and co may hold off this time round. the last time the u.s. saw a rate hike was june 2006. inflation then was running double what it is now. it was 4% now, circa 2% now. also massive deal, ab inbev the home of budweiser could be buying out sab miller the home of miller, as well this could be a $300 million mega brew deal as many are talking about. it will fill in the gaps geographically that ab inbev doesn't

steve sedrick joins us live from london. >> this time out of germany itself, a couple of publicationsad some interesting news when the company itself new these emissions were illegal. frankfurt [ speaking in foreign language ] which cited a vw supervisory report had an internal report about this from technicians in 2011 and where else sontag said the supply of bosh talked about this as early as 2007. >>> the national highway traffic safety administration the regulator overseeing the replacement of air bags takata could have bigger recalls going on including volkswagen and tesla. >> steve n other auto news you mentioned tesla, the first suv fully electric, i think it's called model x, is almost here? >> yes, it's a bit late. it was due to come out in 2013 but technically very adept. the model x could be very fast zero to 60 in 3.8 seconds unless ludicrous mode 3.3 seconds, falcon wings. the different between the falcon and a gull wing i don't know. it sounds better. $132,000 it starts up to $147,000 and just one more story i'm going to transition to narendra modi the head of india, pri

cnbc's steve sedgwick joins us live from london. >> jonathan yeah the story goes on and on.lkswagen after falling over $30 billion in two days falling about 40% have stabilized currently trading around 115 euros. that is down from 140 euros plus earlier this week. so can the ceo survive? there's going to be a meeting today in wolvesburg germany, to decide that as well. ramifications continue. it started off as a u.s. issue. it's now a global issue affecting 11 sml cars. elsewhere, hillary clinton just putting a little bit more flesh on the bones of her proposals for the pharmaceuticals industry. she's proposed a $250 monthly cap on prescription drug cost of course real outrage about certain drugs having a huge ramp-up in prices which you've already covered earlier on in the show. u.s. markets fell over 1% yesterday. the futures so far today at this early stage are called higher for u.s. markets off the european indices stabilized despite the affair. china had really poor data once again, 6.5 year low factory activity in september. so the storm clouds that were there before r

from energy debt. they snapped up more than $37 million worth of bonds in the first six months of this year. only 5.9 billion has been raised since then. joe: joining us on the phone from londonour next guest. what do you expect over the coming days of loan redetermination? >> you will see what the banks have used, they have come down. it will still be reduced dependent on the bank. it will be a very significant event for some of the companies involved. for the broader commodity oil, it will not be terribly significant. alix: about 500,000 barrels a day could be shut down, this is the bad assets. can you put that in perspective? >> the problem for the oil markets, 200,000 barrels a day are at risk in terms of the companies that are facing stress, capital market tightness is affecting their ability to bridge the gap between cash flow and index. outside of the united states, opec production keeps going up and non-opec production is looking extremely healthy. in the short-term, it does not solve the problem. joe: one area expected to get hit hard is the so-called stripper wells. what are they and why will they get slammed? >> not too many of them in new york state, but in oklaho

ryan joins us from london over the phone. of then we expect out two leaders? interesting. was to -- syria andra what russia and the united states can do together. they arty have troops to bring about a peaceful solution to the conflict which has been going on forever. president obama wants to talk about what russia needs to do in to get russia in a position where the west is again prepared to engage. president obama is also ready to , if for no other reason than he understands russians have troops on the they are players to a certain extent and maybe can bring about change in a way russia has not been able to. you have studied russia for many years. you were front and center with ukraine and russia when that broke out a few years ago. in your experience, what does vladimir putin want out of the agenda over the next few days? how might this change geopolitics in? >> he will say, i have a solution and the solution is, the president of syria in the short term. you do with him directly or at least you deal with us. we will be intermediaries. and we will go after our common ene

anna: ryan joining us from london. hans nichols at the headquarters. we saw him earlier on. brings us to our twitter question today. is the auto sector now ripe? we heard from the chief executive of chrysler, he talks about m&a needing to happen in this industry to drive higher margin. he thinks that everyone's attempts to innovate and feel efficiency -- innovate in fuel efficiency. janet yellen has confirmed that the u.s. is still on track to raise interest rates if you. but which factors are weighing on the central bank? bloomberg reports from new york. joe: we heard from fed chair janet yellen reiterated her call that a fed rate hike is likely in the cards in 2015. but it was certainly not a guaranteed thing, not a hawkish statement. the markets did not move too much after the news. she continued to say there was no reason to wait until inflation hit 2%. but obviously, she is still paying attention to all of the things that are concerning everyone -- global markets, financial volatility, the situation in china. and obviously, the domestic economy. janet yellen felt unwell

from a forger. so just how dangerous is this? very. here with more is the senior reporter with the daily mail.com who purchased those documents. nick sage joins us live from london joining us. where did you hear that it was possible to buy for $2,000 these perfect copies of syrian passports and drivers licenses and things like that? >> i was first aware of this report by the chief of the european union border agency. he said that his offices discovered people using syrian passports to claim they were syrian to come to europe and claim a new life. >> right. i traveled to turkey where i met a forger who offered to create me one. he told me that members of isis and their families were using the documents to gain new identities so they, in turn, could come to europe with the many thousands of genuine refugees >> that's the scary part. because they come to europe, they come to the united states and they become sleeper cells and they're waiting for word, aren't they? >> that's certainly what the forger told me. i was unaware of that when i traveled to turkey. but these are the words he used to tell me what is happening. >> nick, there's a reason these documents look r

london-based capital advisors gave more than 10% last month. they bet big on rising prices. the chief investment officer joins us now fromn with details on his strategy. jerry, congratulations. i can't think of anybody else up 10% for the month of august. when did you put this strategy in place and what was the thinking behind it? jerry: volatility, we say you cannot predict volatility and you can prepare. our primary focus on all her hedge funds is long volatility. we invested benefits from volatility and we tend to invest along that volatility. come we make excess returns. it ultimately benefits the people that invest with us which the these returns whether traditional assets are not doing well. olivia: this is a multiyear strategy? it wasn't like in june you thought the chinese market is too frothy and i will buy? jerry: it's not even a smart thing to do to invest in volatility. it's just the sensible thing to do because volatility is really the markets attempt to adjust to a new reality. there will always be new realities coming to the market. it might take a few years but it always comes. olivia: what is the year-to

us. the news continues live from london, next. stay with us. >> this is al jazeera. >> coming up. >> fortress europe with the refugees stranding in serbia, as hungry closes the crossing into the european union. saudi arabia cracks down on the construction group, partly blaming the firm for friday's crane collapse. dozens of palestinians injured as they storm the mosque in jerusalem.

. >> the ceo of rolls royce joining us from london.uick, the number one market within the united statesstates, still beverly hills? >> it is beverly hills, california, and also florida. we are getting more and more stronger pockets all over the united states in the meantime. >> the ceo of rolls royce joining us with a gorgeous convertible, the new rolls coming out next year. it is the dawn, and it is the sexiest rolls ever. >> it looks like it in that shot. thank you for the interview. let's go for a market blast share. >> reporter: good morning. procter & gamble and the consumer staple size. we got an upgrade to a buy from a neutral rating of sun trust. p&g is the fourth worst performing stock in the dow down by 23%. perhaps some retail at least on the consumer staple side value to be found here in procter & gamble. >> they like that 4 % dividend as well. thank you. for better or worse, it became a whole lot easier for your kids to watch their favorite disney movies over and over again. we'll brick you tng you the det after the break.

campbell, thank you for joining us this morning from london.not long about eight to $10 for a sixpack. was that accepted? it was not. this was fascinating to me because so often we talk about giant mergers of dinosaurs. these are decidedly not dinosaurs. they make a lot of money for shareholders and have great dividend growth and great free cash flow. this is a really interesting combination with slower global gdp. structural changes within the industry. it is not just sab. up 13% on the day. tom: we say good morning as we begin two days of fun coverage. michael mckee is the only one i know who can get excited about charts coming. we will do that at 2:00 p.m. tomorrow. rao to changes can impact your business. see how the experts can help you navigate these complexities. find out more online. we thank all of you for joining us on bloomberg television and bloomberg radio. we are working with charles. we are thrilled that you are here. it is perfect timing. is there enough of a global mess to imply future stronger dollar, which gives janet yellen

matt: matt campbell joining us from our london bureau.oming up, we are continuing coverage of the federal reserve today rate meeting. at 36 speak with anthony south capital advisor said the filament -- fed will not do anything to calm global volatility. ♪ ♪ matt: welcome back. i am matt miller. we are about 45 minutes into the trading session. stocks still looking for direction as everybody waits on the fed. julie is back and has the latest on the markets. julie: let's look at the average is in the lack of direction you are talking about. the major averages are little changed. the me look at my bloomberg terminal to verified. the nasdaq very slightly lower. the s&p and the doubt gaining a slight bit of traction. we've got hewlett-packard that is gaining after the coveney says it will cut as many as 33,000 jobs. it is been doing a lot of cutting of jobs for the past couple of years. this is my head its split into two companies. inc.terprise and hp most of the cuts will be at the enterprise unit. the company taking a charge as a result of t

he joins us now from the london headquarters. great to have you with us this morning. want to break this down very simply. the ecb is set to embark on more qb. it is said to strengthen the high interest rates. it expects the euro to rally. reconcile those three things for me. someone an: -- dominic: everybody knows the ecb will do more ae. -- more qe. the question we are looking at his not what is next? what we're starting to say is that once the fed hikes, and we get that out of the system, what will be the process from there on. we think the timing cycle will be a lot shorter than any timing cycle in the future. the growth is not there for them to hike aggressively. that is going to start to bring back the idea that the dollar can actually weaken somewhat. then we look at the ecb. we say, they will extend the asset purchases out from september 2016. actually do? can they are constrained with a lot of technical constraints. the p is not easy to get around. really, what can they do? he will run out of policy options. that is going to drive the euro-dollar higher from h

our newest correspondent jennifer eccleston joins us from london. good morning and welcome, jennifer. >> thank you, good morning. amy, well, princess kate is back at work and back in the spotlight showing off her bold look during her first solo public engagement since the birth of princess charlotte. new mom princess kate, she's even bangs, her updated 'do skrut sniezed strand by royal strand. here visiting a children's charity in london and social media predictably went berserk. the kids she visited on fazed by the new coif's cache saying the princess was pretty fun and down to earth even in those 3d glasses. >> someone might wanted to do something to give herself a little bit of a boost. >> on leave this summer with baby charlotte, prince george and prince william in the english countryside hinces of her post-baby style. at the queen's official birthday, the christening of pin press charlotte a mix of custom and cool and always with those long wavy locks. it's not the first time she sported bangs and when she does there are comparisons to her late