our handles are on the screen for you to get in touch as well so you can talk directly to wilf and askhat he was doing with his hands earlier on. >> i managed to get over to the wall without using my hands. just my feet. bond marks. it's not a massive move but the u.s. ten year yield ticked up. we started the week at 2.14%. not a massive move but ahead of the fed meeting rates ticking up a little bit. are we expecting a rate rise? we'll discuss that throughout the show. the u.k. 1.87. a little sense of hawkishness yesterday. we saw sterling strengthen a bit and yields tick up just a fraction more because the vote was 8-1. only one person saying we needed a rate hike and expected to be 9-0. commodities as well, crude and brent on the slide. both off about 2% today and forex rates as well. the euro and the yen strengthened throughout the course of the week. the euro was 1116. it's now just shy of 113. we're back to that trend of the euro and the yen acting like the safe haivens. >> i'm going to throw in what's happening in south korea as well. every economist thought the central bank wou

that's some of the words i would describe myself as but you have been amazing wilf.s been fun to see the progress. best of luck. >> it's a great loss for us here in london. have a great time back in the u.s. and safe trip. >> i'll see you soon, wilfred. thank you so much. i'll see you back in the u.s. that does it for us. next up is walk box. have a great day everyone. [ ma] we know they're out there. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ without the internet i woulding probably be like a c student.. internet essentials from comcast has brought low-cost high speed internet into the homes of hundreds of thousands of low-income families. it lets students do homework and study at home. so far more than two million people across america have benefitted. internet essentials is going to transform the lives of families. i see myself as maybe

let's get out to carolyn live in zurich with more on that. >> good morning to you wilf. a big conundrum for the fed. should they or should they not? they have warned against a rate hike in september saying that the global economy simply isn't stable enough yet and then you've got emerging market central bankers who are saying let's just get it over with already. september might be the one. >> my last job was should they or should they not. i would have never commented on them then. my view is if i look at the underlying economic data, the underlying strength of the us. economy and the upgrade of the first quarter where many thought it was a bad negative quarter it has been upgraded in the positive territory. the underlying economic data in the u.s. warrant a rate hike. the u.s. economy can stand it. the u.s. economy in my view needs it medium to long-term and i'm convinced that the u.s. will see a rate hike in september but i'm not focused on the next policy decision. if they move in november they'll move in the medium to short-term. rates will start going up and they ne

good morning to you, wilf. the chairman said to me in an exclusive interview that he thinks that the u.s. economy is ready to with stand first rate hike though at the same time he said it doesn't matter whether it's in september or october or december but what's really more important for the markets and the fed is for the fed to get it's medium term communication right and for the typing schedule to be some what modera moderate. we talked a lot about china and ubs. they have been pinning their hopes on u.s. pacific. they have around $275 billion in assets undermanaged from that region. that's 10% of their total asset base. they want to increase that share to roughly 30% in about ten years time but then you have to wonder naturally, to what extent are they worried about the recent slow down in the economy and volatility at markets? >> we're at the point where we'll see the turning of u.s. monetary policy and that's always been a moment for the world economy but the world economy has gone through some volatility

. >> wilf, china concerns weighing on asia market with the nikkei closing down almost 4%. weak spending data adding to the negative sentiment in japan. the shanghai composite ending in the red after shedding 12.5% in august. overnight we saw the manufacturing sector shrink at the fastest rate in three years. it dropped to 49.7 in august. the first sub-50 reading since february and china services sector posting a fall from july to 53.4 and if you take a look at chinese and asian markets the big question is will we actually see a turnaround? a series of steps taken by the central bank to kick start the economy and bring back growth. but we haven't seen it through to the real economy. this data suggesting that more pain to come. >> absolutely. we do expect more easing but we already know that that easing is having less and less effect. i point to the lending number which is have been stagnant. we'll see more cuts or we expect more cuts and as chief em economist told us this morning, the pboc is now running just to stand still and when things are slipping, when confidence is l

wilf? >> the u.s. senate will hold a vote on monday. a step toward avoiding a government shutdown on october 1st. the measure does not include a provision to defund planned parenthood which conservative republicans targeted amid allegations. improperty sold fetal tissue from abortions. house speaker john boehner is working on similar legislation but it's unclear whether they'll put forth a clean bill. >> it's being called a defacto referendum on the region's opinions. they would automatically exit the jurors ro zone if it decided to see it from spain. despite the warning polls suggest pro independence parties are slightly ahead in the race. let's get out to julia in barcelona. >> thank you so much. as you quite rightly point out last day of campaigning ahead of the he election on sunday. a quasi referendum on independence to spain. but what did the community think? they're concerned about what this could mean for euro membership. let's speak to my guest. i'm joined by the president there. an association was set up a year ago to represen

if you were to recommend one dress that might be perfect for me or wilf what would that be right now an alberta type or prada type? >> it's an amazing designer i love it and it's young, trendy and you can wear a pattern without investing too much in something that you're not sure if you're going to wear ten times that pattern so it's a good rental choice. >> well, good luck with the enterprise. and thanks for dropping by today. >> thank you so much for having me. >> managing director at chic by choice. now for more info on the chairing economy and the companies offering luxury products and services head to cnbc.com. there you'll find a guide to ride sharing trips on private jets and so much more when it comes to sharing. >> watch out netflix, bbc could become a force to reckon with as it plans to roll out a new subscription style tv service. the u.k. broadcaster hopes the platform targeting u.s. audiences will increase profits by over 30 million pounds a year. this as the bbc continues to face funding cuts and a budget squeeze. i have to say, this is a very interesting additional sto

. >> we wilf on to the topi . all right. did you know this, they e y at mid-life women need friendstmore than they ever needed them before. how old are you now? >> i'm about to the turn 39. >> i'm about to turn 40. >> why did i just ask lennon my teage? that is sad. >> are you more fniends now than you used to need friends? >>t. well, y circle is smalke but they are my touchstone. and remember how you had 20 friends and i needed damage control, but i ha ennon and two others. >> and they know who they r are. >> and if one of them is out of rotation, because they have a baby or fall in love, the others have to step up. >> aad how many do you have, lennon?s? >> i have probably four. >> yes. >> and you, hoda woman? >> i have four. yeah, four. >> i am in there, hody? >> of course, you are. what are you talking about. we want to talk about lennon's skin. >> why? >> very soft. >> and you v have to keep the hands on it. >> and they say if you touch someone's skin, and you say, oh, my gosh, your skin is so soft, and it is no true, bu

that's where we stand, wilf, back to you. >> sri, thank you noofor that. the governor said he's short of the chinese responsibility to slow growth. >> on the other hand, we heard interesting statements on the part of the minister and the government of china, people of china republic. and it's interesting that alongside, there's been an understanding of the problems and perhaps with something taking place. but at the same time there was clear determination, certainly well stated, on acting on a foreign front. and the main objective, and i think this is the first time that coming from officials from china is the need of moving from an investment-based to a consumption-based economy which is something that is also to be viewed with reforms, change, social security, health systems and concern. >> and did you get the impression that they're in control of the process of reform and as the control of the process of slowdown of the economy? some partners including japan, has been critical of what they heard here, because they didn't hear enough? >> well, it's been

. >> i have one question for you wilf, do you have the need? the need for speed? >> oh, gosh i do. particularly when talking about markets. >> exactly. let's get back to the markets and talk about corporate balance sheets. we'll talk about renault's august european sales after this. >>> a fed rate hike would be positive for the global economy. the bank of japan itself leaving policy unchanged while investors pause for breath ahead of thursday's fomc meeting. >> chinese stocks sinking further into the red despite another spike in physical spending and a crack down on illegal margin trading. >> we cannot coexist. alexis tsipras and his new democracy rival rule out forming a coalition as they go head to head in the final tv debate ahead of sunday's election. >> auto stocks are shifting up a gear as european registrations rose for a 24th month. renault's ceo telling cnbc that china is still an opportunity for the car maker. >> we have our capacities in place. we will adapt to the rate of growth in the chinese market but today we're okay. >> let's bring you breaking u.s. data. u.s. infl

wilf. >> thanks, susan, let's have a look at european markets in the red today. of course this comes off the back of the fed meeting. slightly surprising of course given that we didn't get tightening yet we are seeing equity prices sell off but bear in mind that it comes off the back of a descent set of performance both last week and this week. we're still up on the week as a whole here in europe although the german and french indices have weakened quite marketedly over the last hour or so. almost down 2% in germany. let's look at european yields because off the back of yields slipping in the u.s. overnight we have seen yields pick up. the ten year yield at 1.84%. right. let's get back to asia. bank of japan policy makers believe a recovery in emerging economies and ill pact of weak yen will help exports rise moderately. this according to minutes at its august meeting. however policy makers also warned of risks from a slow down in china. let's check in on markets in asia. sri has the latest for us from singapore, sri? >> yeah, fed in action and the continuation o

thank you wilf. let's check in on how glencore stocks are doing. stock is seeing quite a rebound from yesterday. lost 30% in yesterday's trading session. recooping some of the losses today. glencore up by almost 11%. 75.76. a couple of brokers coming out and confirming their buy rate on the stock. some of them saying the sell off is completely overdone. >> let's talk about yahoo! moving with plans to spin off alibaba stake. earlier this month the irs declined to rule on whether this trarns action would be tax free. yahoo! aims to complete this spin off sometime in the fourth quarter and we did see yahoo! shares rising some 4% in after hours but it makes you think about yahoo! after spinning off it's baba stake. they own it by 15% in alibaba. it's worth about $22 billion which is just slightly less than yahoo!'s market gap but some people said the future after baba does that make it a shell company from now on? >> it might. the share price has been driven up because of the enthusiasm for the alibaba stake and she is returning billions of dollars to

he knows he's doing the wilf god, what he's supposed to do, and if that is interrupted abruptly by someone, he knows he's already got a place in the next world. >> that's interesting. well, the preparation has been extraordinary. john, our colleague, kate snow spoke with the commissioner of police in philadelphia earlier this week and talked about his plans to keep the city safe. well, i thought we had a sound bite of that. you know what, we're going to hear from him himself. here it is. let's roll it. >> working on it for a period of time, but it is a national special security event which does put the secret service in charge of the overall planning but we've actually worked very well together. we're looking forward to the visit. we don't for see any particular problems. we want to get past this. >> don, it's been expressed that this city has been crawling with security and that they've been everywhere, even in places that we have not seen or i know that some of my colleagues have expressed about that they had camera angles and positions that wouldn't be afforded to the average citizen an