i'm willem marx.de exchange" coming up next >>> we are following three major developing stories for you at this 5:00 a.m. hour. first, rescue and recovery operations are underway in wilmington, north carolina flood waters continue to rise in the wake of hurricane florence we are live on the ground with the latest. >>> incredible pictures and video out of southeast asia. typhoon slamming into hong kong. you are looking live at washington, d.c., where today the president could announce tariffs on $200 billion worth of imported

i'm willem marx. these are your headlines european equity markets follow the strong global lead with the stoxx 600 firmly in the green after a record breaking session on wall street. >>> european leaders deal a blow to uk prime minister theresa may. they reject her latest proposal and give her four weeks to salvage brexit talks >> if there is no agreement on a deal that is acceptable to the united kingdom, we're preparing for no deal. i believe we can get a good deal i believe there's a growing desire to sit down and ensure we can achieve a deal >>> deals on wheels. uber is reportedly in early talks to buy deliveroo for several billion. >>> and let the battle begin the auction for sky opens this afternoon with comcast going head to head with fox in a three-round process to decide the fate of the british broadcaster. >>> just to bring you some flash pmi numbers. the composite pmi is 54.2 against 54.4 that's slightly lower than last month's 54.5 services pmi has come in at 54.7, against a poll of 54.4 s

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i'm willem marx in london. iag shares see red after a data breach compromises data belonging to 380,000 british airways customers. the airline says it is investigating the theft of payment details. >>> european stocks avoid the losses seen in asia where equities hit a 14-month low. >>> and president trump uses a campaign rally in montana to double down on his accusation that the author of the "new york times" op-ed has committed treason. >> for the sake of our national security, the "new york times" should publish his name at once. i think their reporters should go and investigate who it is >>> plus here on the shores of lame cuomo, talk is dominated by the upcoming contention italian budget but the former prime minister tells cnbc he believes that rome is being judged too harshly. >> we were able to solve the problems without european money. the big problem is that the consequence was raise of unemployment, budgets, so now today we are paying the consequences of this period. >>> good morning british airways ap

i'm willem marx. it's 9:00 a.m. in london, these are your headlines >>> europe' stoxx 600 falls to the lowest level in almostfi fi months as nafta talks drag on. >>> beijing plans on fighting fire with fire the commerce ministry says china will retaliate even as talks continue. >>> and tech under fire. the department of justice calls for an investigation of political bias as twitter and facebook executives defend themselves on capitol hill >> we think it's the right regulation that supports users, is transparent and doesn't squash things. >>> a senior administration official writes about a plan to contain the president inside his own white house. >> if the failing "new york times" has an anonymous editorial, meaning gutless editorial, we're doing a great job. >>> the u.s. department of ju justice will convene meetings foe see if social media firms are stifling free speech and hurting competition. this after president donald trump claimed social media platforms like facebook and twitter were bias against conservative

i'm willem marx in london. these are your headlines european stocks shrug off the trade war escalation between the u.s. and china as president trump announces 10% tariffs on 2$200 billion worth of chinese goods. beijing says china cannot accept unilateral actions and accuses the u.s. trump administration of insincerity. >>> orlando shares plummet to the bottom of the stoxx 600 and the german group cuts its full-year guidance for the second time in two months. >>> and ferrari looks to return to the fast line as the new boss hopes to convince investors with fresh midterm targets at the italian carmaker's first ever capital markets day. >>> as i mentioned, european markets seeming not to react as negatively as we might expect given those tariff announcements from the white house the stoxx 600 currently trading up more than a fifth of a percent. if we look at the individual markets behind some of those numbers, the major indices, the ftse 100 is down more than a tenth of percent the xetra dax performing well. the c

willem >> thanks. president trump has renewed his attacks on iran at the united nations on tuesday he accused the iranian government of s eshgsowing chaos iran's president responded that u.s. sanctions amounted to economic war he also suggested that trump suffered from a weakness of intellect. andrea mitchell has more detail on the speech to leaders at the u.n. >> reporter: the america first president, strutting on the world stage. >> my administration has accomplished more than almost any administration in the history of our country >> reporter: a boast prompting marking laughter from the global audience [ laughter ] >> didn't expect that reaction, but that's okay. >> reporter: a year ago at the u.n., the president threatened to destroy north korea, if necessary. today, planning a second summit with kim jong-un and praising kim for his courage. >> the missiles and rockets are no longer flying in every direction. >> reporter: now the president directing his fire and fury at iran, after withdrawing from

i'm willem marx. >> i'm joumanna bercetche. these are your headlines >>> russian president vladimir putin and chinese president xi jinping speak out against protectionism as the two countries strengthen ties. >> in order for our region to continue t achieve high growth rates it should retain the spirit of economic freedom, to be the space of business initiative without sanctions, bans, and political bias. >>> european commissioner president jean-claude juncker talks up multilateralism in his state of the union and says a united europe is an unavoidable force in world trade >>> anticipation over apple's product event takes the bite out of trade concerns sending the stock into the green >>> and the worst storm to hit the carolinas in over 60 years emergency officials warn hurricane florence will be extremely dangerous with life threatening storm surges and fierce winds >>> let's check in on how markets fared. you talked about apple and how that worked out yesterday. you can see the picture in europe this morning is pretty firm we

i'm willem marx. >> i'm joumanna bercetche.e are your headlines shares in wpp plunge to the bottom of the stoxx 600 after the ad firm cuts its profit margin guidance. the ceo says he will update the strategy by the end of the year. >>> danske bank shares drop after a money laundering investigation reportedly finds the bank handled up to $30 billion worth of nonresidents money a year through its estonia branch. >>> the emerging markets selloff intensifies with currencies across southeast asia and latin america bearing the brunt of the pain colombia's central bank governor tells cnbc he's watching developments closely >> so far in these financial markets, it's been good and bad for latin america. peru, chile, colombia very stable others are volatile. >>> and italian banks open higher as yields come off three-month highs. the economy minister calls on ruling mps to keep next year's budget deficit below 2% of gdp >>> all right. we have more data coming out of the uk yesterday we had weak manufacturing data, about a two-year low we

i'm willem marx. >> i'm joumanna bercetche.e are your headlines >>> shares in bayer fall to the bottom of the stoxx 600 after missing earnings expectations. the ceo defends the monsanto weed killer and insists it's safe to use. >> we are very, very confident about the product, the safety of it >> ultimately the signs will prevail making sure this product which is crucial for farmers around the world will remain available. >>> global stocks struggle as the u.s. and canada prepare to resume tough nafta talks in washington where officials are also preparing fresh tariffs on another 200 billion of chinese goods. >> facebook's sheryl sandberg and twitter's jack dorsey get ready to testify on capitol hill but google owner alphabet declines the request. >>> and amazon joins the trillion dollar club briefly the stock surges to double its value from 15 months ago >>> more data coming out of the uk we had the eurozone services number now we have the uk august services number. that's come in at 54.3, versus the reuters poll of 53.9 slight

i'm willem marx. >> i'm joumanna bercetche.r headlines >>> a relationship built on trust. president vladimir putin heralds the bilateral meetings here in russia's far east with the chinese president, xi jinping. >>> $100 billion worth of deals are put on the table between the two countries with russia's sovereign wealth fund leading the way with an alibaba joint venture. >>> and arcelormittal drops to the bottom of the stoxx 600. this after it raises its offer for india's sr steel to beat out potential competitors. >>> over 1 million people are ordered to evacuate the carolina coast as hurricane florence prepares to make landfall as a category 4 storm. >>> all right. we're getting some uk employment data out of course we had that nfp number on friday where the wage number surprised to the upside. what we're getting in the uk is the average weekly earnings coming in at 2.6% in the three months versus a poll of 2.4% again, a beat on expectation there's similar to what we had in the u.s. last friday. wage numbers beginning to move

to be in the eu's interest to trigger a crisis with rome, urging italy to cut its explosive debt willem has the latest. you can see the markets reaction has been quite vigorous already. we've seen a big selloff in banking stocks, some are down as much as 5% 20 basis selloff in yields people are not taking this well. >> no, but it could have been so much worse some reports in italian newspapers this morning talking about the idea that geovanni tria, when he found out he would not be able to keep the ratio below 2%, threatening to resign. i've been trying to speak to his people he's been sequestered in meetings i got off the phone with the presidential palace, they called tria and said he should not resign it could have been significantly worse in terms of the market reaction if he had resigned. maybe by resigning he could trigger a greater broadening of that spread, a selloff in italian equities, so he was better off swallowing this 2.4 number pushed on him by luigi dimaio and mr. salvini that's where we ended up this morning. in terms of what the european reaction will be from this, we

willem dafoe won best actor on earth for his role as an aging mad genius vincent van gogh.i know my paintings thanks this year's venice with an appetizer perhaps for the coming oscar season. well we'll see how the film celebrated in venice this year due next year at the oscars because the venice film festival has become a platform for the academy awards ever since films like spotlight birdman or the shape of water premier here and went on to win the oscar for best film won director in venice who already has an oscar is florian henckel fun dawna's mark who won for his very first film the lives of others with his new movie never look away he's trying to make it a two piece and the film is really a cinematic tour de force it's the story of a german family told through three generations and their struggles for life love and the pursuit of artistic freedom. from donna's moccasin penchant for complicated stories his latest film is the only john one competing at the venice film festival thomas mok took seven years to make it an expectation to highlight. the film tells the story of

willem marx has more on the negotiations >> yes so we have less than seven months now, just over sixonths until the uk is expected to formally leave the european union. time is running out. we're hearing that again and again from leaders across the continent. one thorny issue remaining between the two sides is about ireland, northern ireland and the irish sea. this is how goods are transiting between the two countries, the uk and the republic of ireland there's been a lot of disagreement over that over the year, essentially since negotiations began we heard from the irish prime minister this morning that he's not seen a huge amount of development since march. this is difficult for theresa may, because if she leans too far in favor of the european union's ideas around northern island she could upset some of her partners in government who don't want there to be a difference between northern ireland and the uk i won't get into the complexities of that, but this is proving challenging for theresa may going in as we spoke to a number of european leaders who have said this is her problem,

i'm willem marx. >> i'm joumanna bercetche.are your headlines >>> hurricane florence is just moments away from making landfall on the u.s. east coast pounding north carolina with a life threatening storm surge and heavy winds. >>> european stocks gain on hopes of renewed trade talks between china and the u.s., but billionaire hedge fund manager david tepper warns it could lead to a market selloff amid the late stages of the bull run. >> if you ask me, i think it's late-inning game i'll say it a different way than the sixth, seventh inning. i don't play the way those other guys play. i could say it's the eighth inning, but sometimes baseball goes extra innings. >>> mark carney reportedly says a no-deal brexit could lead to economic chaos and a property crash. but jd whetherspoon's chief says the bank of england governor is exaggerating the effects >> i'm someone who thinks, and a lot of people do, thinks we're better off with no deal. poor old mark has not had much to do, he had to put interest rates up once and down twice in th

our colleague, willem, was giving a briefing on brexit discussions. that's a focus for the uk markets. ftse trading flat on the day xetra dax and cac 40 up 0.5%, 0.6% ftse mib, more optimism going into the budget discussions next week, also up about 50 points. i want to talk about fixed income and some of the price action we had yesterday in the u.s. time. we're beginning to see the beginning of another selloff in fixed income space the ten-year is trading around 3.07 the highest level in four months and very close to multi-year wide what we don't have is the two-year yields, they are at ten-year highs as the fed embarks on its hiking cycle. if you remember back in february, the catalyst for the selloff was the big jump in yields and ten-year yields with them moving again, we want to keep an eye on that for the trajectory of equities from here the norwegian norges bank raised its key policy rate to 0.75% in line with expectations it's the first rate hike in seven years and the norwegian central bank said it would continue to raise gradually in the nex

willem marx is live in london with more. >> yes essentially the labour party now and the congress upe city of liverpool are talking about a motion, they'll debate and vote on it in the next couple of hours which could reopen the possibility of an eu membership referendum if they as the opposition party are unable to force a general election their leadership said though they would prefer to have a general election as a way of trying to solve what theresa may has called an impasse over brexit negotiations, they would be willing to allow a second vote that could either be a straight up or down vote on whatever deal theresa may's government brings back from brussels, it could be a rerun of eu membership, something that6% of labour party members say they're interested in. this makes life complicated for theresa may. the labour party have made it clear they're not happy with the way negotiations have been going. they say they have not met the tst tests they set if they are joined by a few rebels from her own party they could vote down any deal in the parliament so we could end up with anot

theresa may will have a difficult conference in the next week. >> willem, thank you very much for setting up the various scenarios for us. >>> moving back to stocks, thomas cook shares have fallen citing a heat wave in northern europe which created a hotter environment. it's set to come in at 280 million pounds compared to 35 milli355 million. they've been hit this morning after this downgrade from thomas cook. >>> solvay is boosting production of electric vehicle batteries. they're eyeing an annual organic target by 6.9% solvay said it will name a new chief executive as it prepares for the departure of the current ceo. we have the cfo of solvay here now in person in the studio. welcome. good morning nice to see you. >> good morning, karen nice to be here. >> you have a big day ahead. investor day, you're speaking to a number of shareholders it's an opportunity to speak about growth story what's coming through already is advanced chemicals and plastics, both growth opportunities for your company tell us about what you see over the next few years. >> we have a very significant sort of lead

best actor went to willem dafoe, who played vincent van gogh in the biopic at eternity‘s gate. by a woman. jennifer kent took the specialjury prize for the nightingale, a revenge thriller set in 19th century tasmania, and she made a plea in her acceptance speech. i'd just also like to say to all those women out there wanting to make films, please, go and do it. we need you. applause. however, the talk of the night was most certainly netflix. roma was one of six netflix films that premiered here and it's the first big win for the streaming service at a major festival. cannes banned netflix from its competition. the online giant has been attacked for its strategy of making films available for streaming on the same day they are released in cinemas. while some worry about what that will do to the movie industry, alfonso cuaron sees it as an opportunity. this is a film that is in black and white, in spanish and mexican, with not—recognisable actors as stars, and they are giving it a huge, huge, huge international push for this film. and not any company does that. as the conversation

olivia coleman got the best actor award, and willem dafoe also was victorious.directed by huberman. jennifer kent took a specialjury prize for the nightingale, a defence thriller set in tasmania. she made a plea in her a cce pta nce in tasmania. she made a plea in her acceptance speech. i would also like to say and all those women out of their looking to make films, please go and do it. we need you. however, the talk of the night was most certainly netflix. romer was one of six netflix affirms that premiered here, and it is the first big win for the major streaming service at a festival. the online giant has been attacked for their strategy of making films are available for streaming on the same day the average eased in cinemas. while some worry about what that will to date movie industry, alfonso courant sees itan movie industry, alfonso courant sees it an opportunity. there is as it fell in black and white, in spanish and a mexican, without recognisable actors stars, and there is a huge international praise for this film. not any company does that. —— internat

willem dafoe won best actor for the vincent van gogh biopic "at eternity‘s gate".ather with stav. it has been a mixed weekend so far. i have to say, i can't see it changing much as we go into sunday. it is hard to summon up in one headline because different places will get different weather. some rain, breezy weather and even windy in the north. in between all of that, some spells of sunshine. they has brought rain across parts of wales and northern england and particularly that is clearing out to the north sea with this lump of cloud but there is more cloud waiting in the wings to bring more rain into western areas tonight. light and patchy across the south—west, wales, south—west of england and northern ireland. heavier across scotland. some clear spells in the south but quite mild and cloudy. if the skies stay clear enough across north—east scotland, it will turn chilly. the pressure packed and tomorrow is complex. various frontal systems moving across the british all is. bringing the outbreaks of rain. light and patchy to start off that they across western engl

ii but this year it is what laid the groundwork and the foundation for that later effort by josiah willemsnd martin luther king, and the others. this is a critical moment for african-americans. one thing that they did have to worry about was how they spoke about the government. today we think of our right is being enshrined by the first 10 amendments. and they were but the obligations of citizenship for being discussed. what you owe the government what the government owed you. we are still kind of trapped in that moment. again, conscription played a big role in that because you could not interfere with the draft. it would undermine the confidence in the military. that would lead to the suppression of speech during the war. you also get the people going around the country giving short four-minute speeches basically attesting to why they should end the war. why four minutes? a round number? it is also concise but critically, they made speeches and public markets, libraries and perhaps outside of newspapers. it took about four minutes for it to be the pitch to an audience in the newsreels. th

the good news is the people who live in this scity, willeming - we're talking north of 2,000 people. so this is essentially a ghost town up and down the east coast. this is, i'm told, not nearly bad as it's going to get. this is essentially florence saying mellow. >> you and i know this area well. a few 00 miles from where you are. you're clots to wrightsville beach. and forthal bauer kate tsz fokeeping -- and as you look at live pictures from cal pair and the call eegz p how contained is the population who's remained been? >> calipari, if he's driving around, it's likely just c calmergency vehicles. that mantdatory evacuation went into effect 9:00 the fwhoigtfore last. frors akben this is one of those storms where our hats off to local ofillings, initials who steam be gent ahenlf of peep faem earl ur. people who decided to hunker down at their local pub leadership we saw some of that. but by and large overnight the smart. al died. frrt most of these folks, if your not without anywhere. we talked to a fire official yesterday who said there's going to become a point in the storm where

to be a major hurricane that is going to literally stall for 46 to 48 hours over myrtle beach and willemingthat and the shift has gone further to the south means this forecast has improved northward, virginia beach, hampton roads area to richmond, raleigh. the forecast is much better for you today than it was 24 hours ago. but that means bad news for areas further to the south. myrtle beach has gotten worse, from florence to dillen. fayette vill. and now we're starting to talk about charleston dealing with heavy rainfall and a little bit of a storm surge too. the element of the storm, the surge, then we'll get the wind and then we'll have the rainfall. so for the surge, the worst will be north of the center. so if it come cans up here and sits and spins to the south of wilmington, jacksonville, all the way through emeral isle, this where the worst storm surge will be down the carolina beach, 9 to 13 feet. that's the best chance for destruction from the storm surge that's throughout friday, thursday night, all day friday and a little bit into saturday morning. notice high tide times at 11:46

there's george smiley, his wife, the sense of betrayal and peter willem is in the first book, and theinspector, if you know the books. they're all there and then he just, he has that deck of cards from the start and then he keeps playing them through his career, right down to the legacy of spies, the most recent book, which i love which has the same people in the first book. amazing. >> i'd like to echo that. i mean, i think that the thing about george smiley is that he is a complete contrast with james bond. james bond never questions what he's doing is right. james bond is an action man and he has no real inner life. smiley is all the time troubled, anxious that the human damage being caused to all of these little people and ordinary individuals is worth the gain. the gain is that he's troubled all the time ands' even worried about his arch enemy, carla, at the conclusion of smiley's people carla comes across and peter willem says to him, george, you won. he's not sure that he did win. and he is sort of hoping that carla will actually go back because he feels sorry for him. and so,

cabinet ministers have been meeting this morning to discuss a no-deal brexit contingency plan willemutside downing street it's interesting timing from moody's and the fact it happens to coincide with the date that cabinet ministers are meeting to discuss the no-deal brexit plan. the reality is we don't know what that plan is, do we >> we will get more details later today. we are expecting to hear about more impacts on potential consumers in the uk if there were to be no deal, things like passports, driving licenses and mobile phone roaming fees. so there will be something that people can understand what the impact would be if no agreement is reached by the end of march next year. in terms of the cabinet meeting, they will talk about future plans. they faced criticism over the past year when it came to that contingency planning in terms of future trade, that's something that seemingly theresa may is getting traction with in brussels we heard from joean-claude juncker that he was happy with the proposals around a free-trade area. she quoted him in the house of commons yesterday. in ter

meeting right now to discuss the possibility of brexit talks collapsing with the eu let's get now to willem marx leave outside of 10 downing street with the latest >>> thank you very much. there's been a lot of criticism of this current government they have not done enough planning in case these talks do collapse and britain ends up with what's called a no-deal brexit with the european union these cabinet ministers are discussing some plans they'll put in place to try to get ready for that distinct possibility. we heard from moody's this morning, they see it increasingly likely. they talked about the potential impact that would have on the british economy. it would weaken britain's financial, economic and institutional strength it talks about the impact on certain sectors, that's auto, airlines, chemicals. i talked to michael o'leary yesterday, the ceo of ryanair, he's concerned about the impact on businesses like his that operate between the uk and europe the other challenge for theresa may is she's facing criticism from within her own party saying her proposals she made to the european un

reforms we need to intervene to invest in infrastructure, material and immaterial >> let's get out to willem marx for more on rome we have moved a long way because as the market tallied up some of the pledges from the coalition, initially one of the scenarios is that you would see 7%, and we've come back down to closer to 2%. what do you think the market wants to hear from the coalition? >> the key point is about stability long-term and having clarity over what the budget plans are for the future to be clear, we'll get a target for deposit debt and spending. quite how the mix fits into that one once the budget is released in draft form. not entirely clear we heard yesterday from tria, the finance minister in rome, he talked about the fact that the universal basic income in some form would be included in the budget as would the able fility people to retire slightly earlier. la lega doesn't seem like they're quite so urgent in their demands being made of mr. tria for that lower tax rate to kick in he said again he expected a lore tax rate for businesses, but the ones for italy would not start

. >> i've always pegged willem more of a tesla guy. >> well beyond my budget as well. >> bill marks liveike allen has a look at one big thing. coming up on "morning joe" more on the allegations against brett kavanaugh. the judge faces claims of sexual misconduct during his college years as well. one of the authors behind "the new yorker" magazine piece on those claims will break down her reporting. >>> plus democratic members of the senate judiciary committee richard blumenthal will weigh in on the new allegations and what they mean for kavanaugh's confirmation "morning joe" moments away it was here. i couldn't catch my breath. it was the last song of the night. it felt like my heart was skipping beats. they said i had afib. what's afib? i knew that meant i was at a greater risk of stroke. i needed answers. my doctor and i chose xarelto® to help keep me protected from a stroke. once-daily xarelto®, a latest-generation blood thinner significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. warfarin interferes with at least 6 of your body's natural bl

treatment to eu ased system that subjects eu migrants to the same rules as those from outside the bloc willem is outside westminster. let's talk about the labour party conference it seems like the intention is there to hold a peoples vote, but they can't really agree on the wording at this point in time >> the motion that will be debated today, it was after many options made available to the committee. they decided what they would do is talk about the idea that if there was no chance of a general election, then they would be willing to have a vote they decided not to use the phrase on the terms of brexit. they left that more open-ended so there is a possibility that the labour party would one day push for a rerun of the original eu membership referendum the leadership of the party, not seemingly that thrilled by this. they made it very, very clear what they would like to see is a general election they seem to back their chances were the country to go to the polls once again john mcdonald was pushing that narrative yesterday in particular >> we had a good, healthy discussion the prime minister

nearly two hundred in a swill and have been airlifted in a swollen precedent to suggest that the news willems were living and working in slave like conditions propaganda replied the peruvian government was the majority of in this well as at the embassy are here to request document renewals to be able to apply for work permits nearly two million venezuelans are living abroad straining relations in the region and leading some countries to impose travel restrictions that's a shame says going into. hunger in the city don't have borders countries shouldn't impose restrictions to these people. who are going to seizure of american states says no country can face this wave of migrants and refugees on the road all governments and international organizations get together to think of a regional plan people like. are already making a difference and essential to see that they do. more than half the population of south sudan is relying on food aid to survive after years of civil war many have been forced to leave their homes and farms but the signing of a new peace deal between rival factions has brought s

is looking for feedback from people [chirping] narrator: willem de kooning...orks are among those that defined abstract expressionism. he became one of the most influential painters of the 20th century. today, de kooning is considered a great american master. de kooning, narrating: when i start something and the unexpected happens, but not always for the good... i mean, i work very spontaneously. in other words, i make the best of it.