Welcome to Worldwide Exchange here on cnbc, im sarah ivan. Im wilford frost. Hold on to your hats. The Global Markets look to be on another wild ride. Well bring you up to speed on the major moves. First, some sad news out of the world of music this morning. Singer david bowie has died at the age of 69 after an 18month battle with cancer. His hits include the one were listening to, lets dance. More on his life, his legacy and a lot more of his music. First, here are the big stories were watching at this hour. Chinas central bank setting the yuans midpoint higher. Chinas Foreign Exchange regulator urged them not to be alarmed talking down the yuan saying the chinese currency remains relatively stable. Despite the high yuan, chinese stocks dropped sharply in late day trading. The major indexes dropped at the lowest level since september. Economic data of note from china adding to our consumer inflation barely edged up last month whilst Consumer Prices continued to fall. Lets see how its