We see oil doing pretty well. Up some. 2 . We saw it do well yesterday. Commodities continue to do well today. The aussie dollar pushing higher. , the yen down. The dollar rising did you got not invoke. Pound youre seeing borrowing costs rise. U. S. Treasury are falling, yields are rising. If youre looking at german debt, havens are out. Lets have a look at some of those risk assets. Lets have a look at some of those equities. Ryanair, im going to make a bit of a prediction. We are going to wait for that one to open. Anglo american performing at 4 higher. It is selling some of its assets. The platinum unit of Anglo American it is going to be getting 300 million. Alto is going to be driving higher. Chinas auto sales looking good. It is better than the decline. Thats good to push up autos ryanair. It is going to be at a record high after the race there profit forecast. Jonathan another move. I will bring you the stock open for ryanair. Equity markets here in europe opening. Shanghai composite watching, we were nikkei watching. Shery ahn to break down the market moves in hong kong. Shery it was an incredible rebound for the nikkei today. Winning the most since 2008. That is during the collapse of lehman brothers. Getting the most since 2011. The nikkei rising 7. 7 . Of grain. Asian shares rising the most in the six years. The shanghai composite extending yesterdays gains, rising 2. 3 . The hung some index, thats the hung sing index rising 2. 4 . It is rising the most since april. We saw the sx 200 gain 2 . New zealand stocks gaining 1 . New zealand ahead of the meeting tomorrow. We are expecting the federal bank to cut 25 basis points. Let me take you through the nikkei, because the rise was a stunning today. All sectors in green, every single stock on the nikkei surged today. After the index plunged to the ,owest since february yesterday, erasing all of this years gains. That is back today. It is firmly in positive territory. Today we are seeing optimism across asia and felt. Also asia being felt. Is gettingsafe asset look at that, the yen trading 120 spots. 6 declining. It is a different story for emerging market currencies. There gaining ground. They are graining ground they are gaining ground. Back to you john. Jonathan shery, great work. The nikkei to 25 of 7 . I want to get the investor take on what is happening in japan with i sucks share with ashok shah. Shop, great to have you with us. As shock, great to have you ashok, how do you explain a monster move like that tackle like that . Ashok we have markets going during the summer months. There is then trading. August was on the negative side. The stuff that was coming out of china, as far as emerging market commodity, and the news of the expectation on the fed rate rise was very heart of the market here it market. What were talking about was the integration of asia. China was the biggest issue. They are under pressure which means bad news becomes good news, because you are looking at increasing the content. Purchase in the sign jonathan the nikkei has been hammered. Down by 2 . When i see a move like 7 and a look at some of the shortselling activity. 40 of the total trading since the beginning of this month. This indicates hurting and nothing counts . And outside move on almost nothing. It is happening in equities and bonds. Do we expect to see much more of this. Ashok for the price, in terms of market, they are going to be moving much boost much faster, harder. , theu go back in times ,rice were seeing in the u. S. We have a lot of hedge funds that are running with volatility constraints. When the volatility begins to spike, they are forced to close their positions. Selling begets more selling. Eventually, expectation is volatility will count down. People who have been very aggressive sellers will end. They will buy and a short space of time. The market is turning the sign jonathan at we are waiting for the Jeanclaude Juncker speech to begin. When you look at the markets, with the advice the if youre an investor, set out this volatility if you can . Ashok s longest the way you are constructing and selecting your Due Diligence [indiscernible] we went through a position where the whole indices were getting sold. I think the great good stocks will continue to be bought first as soon as the sentiment comes around. Jonathan as shock, stay with us. About to deliver the state of the union speech over and strasburg. He is expected to present his plan on how to handle europes refugee crisis. Hans nichols has more on what to expect. Front and center, the refugee crisis is that what dominates the conversation . Hans absolutely, absolutely. He has just a flood of his plan a couple of days ago. To,000 over the wanted 60,000. I went to be listening for whether or not mr. Juncker tweaks the numbers. Early, he was talking about the 500,000 number. That number was what the vice chancellor of germany said they can accept every year going forward, if not indefinitely, at least for three to five years. Really doable for a single country. It is doable for all of your. Just take a look at what has happened in the last four days in germany. Have arrived in germany and berlin alone, 1000 per day. They are Building Structures and housing. Much more needs to be done. They need to reconcile the numbers. Jonathan Jeanclaude Juncker has begin speaking just now. Lets listen in. Juncker as luxembourg Prime Minister frequently, to be precise it was 20 times i gave the state of the nation speech. Mostly i got applauded after the speech. People disagreed as to the substance, but everyone seemed to agree it was too long. , i run that selfsame danger. Speecht drafted this under normal conditions. You probably guessed why. Conclude in good style. Place in thekes Framework Agreement between the European Parliament and the european commission. It has been concluded between us. In that framework, the president of the commission has the first office of september, in fact comes to the parliament and does on the prior handwork that we tabled to the house to tell what the commission is doing over the next few months. The priorities of the commission which are involved. The european union. , [indiscernible] the Prime Minister of luxembourg and the president in office had not received those priorities in writing. Maybe a letter available and appended to the letter is a document about how we are going to deal with the 10 working priorities of the commission. Statement of intent. Im not good to deal with all of those topics today. Be not going to do that to impolite to do, but it is in writing. [indiscernible] has put things in writing. Received that corpus in writing. What im try to do today is not run through all of the details, but make the picture more understandable. If you like, im the first president of the commission who byectly endorsed, including the vote of the European Parliament, that was my direct path to office. From the very beginning, in fact when i was speaking to you on the 14th of june, i made it that i intend to make the commission more political. Doug go deep present Jonathan Junker making the address over in strasburg. Ashok shah still with us. Stephen, first you. The union is an absolute state. Willoughby challis i what happened in cyprus will it be challenged by what happened in cyprus . Ackle the borderless Free Movement in europe is at risk. How much is at risk right now . Stephen i think it is quite a bit at risk. We are expecting today to see proposals on how how they might deal with the migrant crisis. A hugewe are good to see bloodbath between germany and maybe france. Jonathan there is a refugee crisis plane out between governments. The mystic governments are playing domestic governments are playing as you look at things, the economic argument, germany with a long birthrate and have a look at how much this population will age, there is a strong economic argument to say that germany needs a lot more immigration. Stephen it is already been happening. If you look at what is been happening since 2009, we had a huge immigration from spain, portugal, going into germany. The good young vilified workers have been fine opportunities in germany. In terms of the current refugee crisis, it is great for germany longerterm, because it changes the dynamics of the working population. Issues withe housing them. Jonathan one of the problems as Jeanclaude Juncker speaks, each individual country in their way the u. K. Will look at their ntries and to foreign aid other countries may well take more refugees and immigrants. Are we in are we at risk as saying onesizefitsall . Work hink it doesnt stephen i think it doesnt work. Differents a demographic profile to the u. K. Is to get acceptance for a great number of migrants. That clearly administrates the different challenges. To incorporate that into a onesizefitsall policy is very difficult. Jonathan we start to build an economic argument that this crisis is going to cost a lot of money. It is going to increase the size of some of these budgets in germany specifically. In ways that we will not anticipate. Another economic risk and benefit. Are we going down that direction gecko stephen however you deal with this is what effect money. If youre talking about dealing with the issue further beyond europe, in terms of humanitarian aid or rescue missions in the mediterranean, all of the stuff cost money to there is no morally pure way of doing this. That is the challenge that europe has to face here it jonathan face. Jonathan ashok shah is going to stay with us. More on the world bank all this morning. That is next. Commodity crunch. The value of gold is a buyer under pressure. We speak to the ceo in 10 minutes. Ryanair raises profits again. When will the airline finally find cruising altitude . Good morning. Jonathan good morning. Lets get you up to speed on where stocks are trading. Gains. Straight day of the ftse 100 up by 1. 66 . Writing a stock up 8 . What a move from mr. Oleary. Raising the outlook by 25 for the company this year. Ryanair stock up by 8 . Nikkei 225 up by 7. 71 . What matters, it is the biggest pop since 1994. Lets focused on asia, not just a pan. Not just japan. Faces astry says downward pressure it lets get details on what those policies could be. Were joined by chief asia correspondence take us through what is being proposed here. Good morning john. This is all about trying to funnel money into the real economy to get projects going. The export engine in china is struggling in a big way. Ist people are hoping for Infrastructure Spending might give the economy and bit of a bump going into the years and. They are trying to funnel money into infrastructure projects. They are talking about partnerships to get these projects often ground it to get. Hese Government Spending money it all boils down to try to get money into the real economy in a way that cuts Interest Rates. Exports are giving the money the bank for the buck right now. Jonathan the catalyst for some thehe market instability, volatility surge, was not just china. Atility in is hong kongs dollar peg the next thing we should be focused on . Da hong kong is pegged for the u. S. Dollar. If the fed does tighten interest raise borrowing costs in hong kong. At the same time of their being squeezed by slowing chinese economy. It is being squeezed on both sides. We should point out that hong kongs peg is resilient. It went through the handover from when the u. K. To china. It survived crisis. It is nothing to suggest that they are going to change the peg any time soon. People will be thinking about whether hong kong will have to change its bridging. Jonathan great to have you on the show to break it down. Pegged stuckkong between a rock and a hard place. Federal reserve policy on one side. Rate hike could trigger panic and turmoil that is according to the world aches chief economist in a the world banks chief economist in an interview. Ashok shah is still with us from london capital. About a 25panic basis point rate hike. Words 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 companys 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. Aboutre 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 maintain their margins good increase them and paid dividends. A constructed portfolio can run through these volatilities that we are seeing. Shah, thank you very much for joining us this morning. Up, so i new gold announced it is we speak to the ceo first on bloomberg tv. We will bring you headlines from Jeanclaude Junckers state of the union address. 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I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Just in july 2015, two months ago, across europe we now have common standards for the way we receive asylumseekers. In respect of their dignity, for the way we process their applications. Jonathan welcome back. That is Jeanclaude Juncker delivering the state of the union address. Hans nichols has been listing in. He judges at he joins us from berlin. The refugee crisis. Hans heis making is making an emotional appeal. Heard a whole lot of specifics. We havent heard any major tweaks to the plan. When you look at the latest estimate that we have out of germany, a hundred thousand asylum application they are expecting, those are now two to three weeks old. They have been overtaken. The last four days you had 27,000 potential refugees coming into germany. 1000 and berlin every day. Everyone is good to have to reconfigure the numbers. Make no mistake, this is a massive challenge for the eu to agree to 160,000. Those are still going to be there needs to be an overall plan. Jonathan . Jonathan hans nichols, thank you very much. Whats more on the speech. Stay with us. We are 32 minutes into the trading day. Stocks climbing. The dax up 2 . 2. 26 higher. A big rally in japan overnight. 7. 71 . Those of you interested in this thats. 343 a lot 100 of stock movers here in europe as well. Caroline the leader of the pack is ryanair after its boost profit boost its forecast. Traffic, butnly fares pushing higher. Summer,was the best they had to come up and tell us about these new numbers ahead of their earnings symptom on the fourth. On a roll. That they caveat is do not excited to be this good all the time. Perhaps a bit of a price war going on. Easyjet raised their forecast as well. Up higher. Ving we are getting a big boost when it comes to commodities action. We are seeing metals higher, oil higher. Anglo american up almost 5 this morning. This its platinum unit. 331 million. This 4. 5 billion rand. Somebody a gold. Instinct deal, and sting move. Renault is at the top seller. All car sellers getting a boost this morning why . Chinese sales. I can get away from that part. Back to you. Jonathan caroline, thank you. They will buy the Worlds Largest platinum producer. 331 million. For more, i am pleased to say we can welcome neal john froneman. The first question for me and make sense, why are they entering the platinum sector . Question. s a good good morning. About being as yield player or player. We look at opportunities where upstart and ensure that our dividend is sustainable. We have a gold base and looking at these operations, we can see opportunities optimizing. View ofion, we have a the platinum sector. [indiscernible] duncombe neal, well talk about the assets. I want to talk about the dividends here it is it safe for them with these acquisitions . If you saw a gold miner going to platinum, you might think that dividend is still at risk. Neal the way we structured the transaction i took notes on the way you find it we are billion rand. In fact in the first three years, American Platinum has agreed to sponsor [indiscernible] they will sponsor the cash flow to the tune of 800 million grant. 800 million rand. Within three years, we expect farplatinum market to be more events than it is today. Jonathan plenty of Platinum Assets for sale. Why these ones . Old,sso because of their prime for strikes. Especially because of they are old, and prime for strikes. Good neal it is a very operating environment. Weve mentioned our strategy to enter the platinum sector about 18 months ago. We been very disciplined in terms of looking at different opportunities. This was an opportunity that these were quality assets. They need capital investment. They have a lot of resources. Toerial that is big enough position us with this acquisition as a number five platinum producer. Seller in addition, the is a quality seller. There are a lot of Strategic Benefits in dealing with Anglo American and angloAmerican Platinum. Bullishn fundamentally on these assets. Thing, asuth african much as these assets the general labor environment in h africa ex line jonathan the name of your top and he is the banyan gold sibanye gold. Are you going to change the name of your company . Answer to your first is not my sense to keep the name of the company to sibanye gold. Tom thinking to change it sibanye resources, but that is down the line. We will look at them. This is not a strategy about commodities. About launching our dividend yield and since it and the sustainability. Jonathan if i were speaking of about an oil minor, and i was speak to someone in the extraction ofhe crude, i would be speaking to them about opec. What is the queue, i dont know what to ask you when i speak to you, i dont know what to ask you. What is the risk . Clearly weisk have some fundamental news on it. Managing the uncertainty in south africa here it south africa. The risk of managing the social environment. We have done well in what we call our culture and the community in the areas around our gold mine. Positioned toe move into other difficult social environments within south africa and make a meaningful difference. Those are the biggest differences those are the biggest risks. We understand these risks very well. Jonathan a final question. I want to talk about the underlying assets. Not just the mining assets, the commodities youre pulling out of the ground. Are you bullish with commodities tackle commodities . Neal absolutely. Gold is something [indiscernible] i think it is important to note our cash andve grand. The rand has weakened our cash in rand. The key the rand has weakened. Weve made it our business to understand the longterm which the business may look like. Groundk above [indiscernible] probably a bit more. What is clear is the market will move into a deficit. The way we have structured this and the longerterm [indiscernible]. Co we have to leave you jonathan we have to leave you there. Where going to take you to the main event later. The iphone back in the spotlight. Apple is expected to unveil its latest version of its most popular product. The big elephant in the room . Named after a ticker. The stock price plunged. Can base turn desk can they turn their profit around . Can you a profit around. Jonathan uris europes Biggest Discount airliner expects annual profits aftertax in the 12 months ending in 1. 2 billionen euros. , kerry olearys is here. Easyjet did last week. I sat in my terminal and said is this an easyjet story . Is ryanair going to follow suit . I think ryanair would like to tell you it is a part of their always Getting Better program. Despite todays issues, said theres feeling positive about the summer. Two factors in the u. K. , the weather was terrible in august. Everyone wanted to get out there and the euro has been week. Finally some good news for european companies. You see a surge like today for ryanair. He goes to show you you need to dig into what these companies are doing. Losers,o talk about ryanair, easyjet doing well. Doi it is tough for them to it is tougher than to change what they are doing. After that, everyone is coming ahead and all issues are rising. Ryanair and easyjet started with a clean slate and they managed to build up their with all all of these legacy issues. Months andming years, that is going to remain a positive actor. A positive factor. That seems to be the way things are going. Jonathan good news for ryanair investors, stock up by 7 . Close theirm, if we price we are at now, that is a record price for ryanair. Expect theers we latest iphones, apple tvs, but after a volatile two months, the stockholders heres more. Caroline hyde. Caroline this is what you have been obsessing about it what a roller coaster ride for apple. One hundred weve lost one of 2 billion we have lost 100 billion. Since the5 selloff last earnings update from apple. It all combined with a sudden slowdown. , china isation crucial to apple. Lets have a dig in to the key challenges. Crucially, ive got the wrong graphic. China is the second biggest market for apple. It is impressive. Since wevewo years seen china mobile deals come into force. Chinese sales, 87 higher in the last quarter. What does that say about apple . Almost one third of apples revenue is coming from china. That august 24, trying to allay fears, there is strong growth in china this summer. We represented opportunity in the long run. He sees a longterm bullishness in china. Have a quick look at the buys and sells. Analysts, 11 say bye, 11 say hold. This is the kind of concern we are seeing. Will the products live up to the estimation . I know this is something you will be speaking about next. You are worried about apple . I am pleased to say we can bring in nate lankford. When you look at what theyre doing, talk to me about the product and the assets that could be unveiled. I would expect anything big from apple . Nate we are expect in quite a few things. One, new iphones. That is a given. Theres been a lot of talk about apple changing the display on his phone to allow people to press and hold the screen. That doesnt found very exciting desk that doesnt sound very exciting. That doesnt sound very exciting. The reason it is interesting, because it calls into question how many buttons and be removed. Live in nate, you technology. What is the most significant thing that can happen for apple. It can carry ad blocking software. Nate i think the most significant thing they can do is announce a complete overhaul to an apple tv line. This is something we are expected to see which is essentially a move to make the apple tv more of you apple tv less of a hobby and to be a much bigger focus for the company, specifically bringing apps and games to the apple tv. It is significant because there are huge number of Developers Already making software for apple. Already familiar with how works thats how apples apple could be a big player in that space. Nate lankford, thank you for joining us. Coming up, Warren Buffett is bullish on china. He makes his case for the struggling economy in an interview with bloomberg tv. I will bring you some of that after the break. Jonathan Warren Buffett, a man that needs no introduction is bullish on china in an interview with bloomberg tv. The billionaire chairman and ceo theerkshire hathaway says worlds secondlargest economy has longterm potential and he has faith in the rebound. Throughcountry has gone a couple of world wars in the 20th century. The great depression, a civil war. Weve had a lot of ups and downs. Overall, china will be the same way. D. C. Opportunities right now echo a little bit of investing there. Were open to ideas anyplace. Capital travels. [laughter] to what extent are you concerned guy you have china slowing down. Where not sure to what extent are you concerned . You have china slowing down. Do you think we should be concerned . And what can be done . And itsok at history not been a Straight Line in this country or any other place. What i look at is 20 years out and there is no way that america is not going to make progress, chinas academic progress. Europe is not going to make progress. I know how to do it. I know the tide is really with humans. About how to unleash human potential. People we were 200 years ago, but look at how we are living compared to then. The quality of opportunity, none of which is perfect. The world moves for. The world moves forward. Warren buffett optimistic about chinese markets. The pulses coming up next. We got big issues in investing. We will get his perspective on the u. K. What happened in the parliament the other night. We move it along, we are going for gold. A bit of a throwback to when i when i grewt up. Where are we in the world of mining . Where are we in this world of monetary easing . The oil market is never far from our attention. Us his is going to give take on oil markets. On the migration issues around europe. Jonathan that comes up in performance time. That is it for me. The markets making a rally across europe. The dax climbing for another day, up by 2 . A monster move in japan, the biggest move since 2008. Francine global rally. Stocks rise across the board as the nikkei jumps the most since 2008 with an optimism that chinese policymakers will succeed in stabilizing equity markets. Guy flying high. A fouryear Profit Guidance raises by 25 . The stock soars. Crisise the refugee takes top priority during his state of the union address