Good morning warm welcome to Worldwide Exchange. Im wilfred frost. Im Contessa Brewer in for sara eisen welcome back from texas thank you had a great team with me a lot of stories to cover. Hope you had a relaxing weekend off of what was a busy week lets look in on the Global Market picture comes off a pretty decent end to august when you consider the amount of negative news markets werent under pressure as much as perhaps the headlines for the month may have suggested a slightly positive day towards the end of last week markets in the u. S. Were closed yesterday for labor day. Theyre starting just in negative territory we were not negative around the world today, but we were negative a bit yesterday the dow down 42 points or so in the premarket. Tenyear treasury note for you which has been stuck below the 2. 2 level, had a belief flirtation below 2. 1 , but at the moment back in the middle ground between the two handles, 2. 15 . Lets look at asian equities now. Acraoss the board a mixed mornin as the nikkei is down slightly hang seng and shanghai come positive in positive territory concerns over north korea and whether there might be another missile test weighing heavily on investors. Looking at europe now, across the board were seeing positive action the dax, the cac, the ftse all in positive territory. Important to mention that we did see a bit of declines yesterday around the world, but korea and japan which had been the eye of the storm as it were if we did see more missile tests, not down in too pronounced fashion when we think of the u. S. Open, the u. S. In relation to this particular story shouldnt be down too much itself japan down 0. 6 . Korea down 0. 10 . We continue to watch the Energy Prices in wake of Hurricane Harvey yesterday Colonial Pipeline restarted one of its fuel lines shut down because of the storm another line will restart today. Colonials pipelines connect gulf coast refineries to markets in the northeast prices today have allowed wti to play catch up the last two, three trading sessions lows to 48, 47. 76. There is the gasoline pump price, correcting some of that rise we saw last week and the week before. Were watching another powerful hurricane on the radar. Hurricane irma strengthening to a category 4 storm the storms path at this point looks uncertain, but irmas turning west in the Atlantic Ocean and prompting emergency de declarations across floor dand puerto rico this storm could become more powerful over the past two days, as it is forecast to reach the u. S. Vir jigin isld and puerto rico. There are emergency declarations in all counties preparing for this storm in puerto rico. Could be nasty as for other asset classes, dollar board quickly for you seeing the dollar move higher against the euro and the pound it is down against the yen and down against the aussie dollar in general, not too much happening. Back end of last week the dollar paused its recent summer weakness and was breaking a fivemonth losing streak for august lets look at gold prices. Just to round things off, which did all right in august. Theyre up by half a percent this morning copper continues its surge as well its up more than 20 since the end of may the highest level in nearly three years. Those indust rrial metal gains another big story for the summer todays top corporate story, United Technologies is buying Rockwell Collins landon dowdy has the details United Technologies agreed to buy Rockwell Collins for about 23 billion. Under the deal rockwell shareholder also receive 140 per share in cash and stock. Thats an premium to the Closing Price on august 3rd, the day before news broke that United Technologies was weighing a bid for rockwell the transaction represents one of the biggest tieups in aviation history and creates an Aircraft Parts giant to better withstand negotiating power from boeing and airbus for pricing discounts. The Companies Say the Aerospace System segment will be combined to create a new unit called collins Business Systems look at the stock. Shares of United Technologies slightly lower Rockwell Collins up 1. 64 . Still some movement in the share prices interesting to see that. It sort of was already priced in 1. 6 for rockwell today. You dont want to miss greg hayes on squawk on the street late their morni hayes on squawk on the street late their morni this morning a. The north korea crisis continuing to escalate the white house saying all options are on the table to address the threat chery kang is live in seoul, south korea with the latest for us good morning reporter good morning. So a lot of scrumiblie scramblo of world leaders, including the south korean government. We are focusing on that phone call between the leaders of south korea and the United States overnight one visible agreement out of that phone call that the two countries agreeing to throw out the restrictions on the missile pay load capabilities. The government here is trying to paint a picture of National SecurityStrong Enough to deter these provocations coming out of north korea. One media report called it described it as south korea taking back its missile sovereignty. But in the meantime, this derivative coming out of this latest tension with north korea is happening again between south korea and the u. S. Staying with that phone call between the two countrys leaders, the White House Press release talked about how President Trump gave conceptual approval for a potential arms deal worth billions of dollars with south korea but the president ial office here in south korea says this morning that there was no such mention of an arms deal, and it understood it to be washingtons expression of support for south koreas defense capabilities so i would say this is a very interesting development. Certainly something that reminds me of that interview where President Trump said that south korea should foot the bill when it comes to this Missile Shield program called thaad h how has the president s comments gone down with south korea over the weekend we know his relationship is testing with china and clearly wanting dhoem mothem to do moreo contain the north korea threat theres very little south korea can do its not like they are a big trading partner and can impose more sanctions on north korea. Exactly but the south korean president kept talking about the need to engage with north korea through dialogue and diplomacy, when President Trump was talking about fire and fury on north korea. So certainly there is a discrepancy in the level of punishment they want to go for for these missile tests and these nuclear tests. I think there was a bit of a squeeze coming from washington for south korean president , and also not exactly a disappointment over that tweet, but concerns that there could be this red sox between these two allies, and thats becoming more visible these days choin thina says the Global Economy has improved but many difficults still remain. He warned that countries could turn inward on trade xi did not mention the United States by name, though President Trump has said trade deals are a threat to american jobs and of course pulled the u. S. Out of the Paris Climate Accord back here in the u. S. , the house of representatives will vote tomorrow on Hurricane Harvey relief. They want to ensure storm victims get the help they need prior to harvey, i think you know ive said we have enough funding to go through the end of september and urged congress to focus on this before that period of time. But with harvey, its moved the situation up earlier and without raising the debt limit, im not comfortable that we will get the money that we need this month to texas to rebuild. Some house conservatives are opposed to linking Disaster Relief with the debt limit saying it sends the wrong message on overall government spend sfwloog President Trump g spending President Trump is expecks ed to expected to announce its a verdict on daca. A lot of outspoken supporters have been trying to keep program in place tracie potts joins us from washington with the latest what do you expect to see there we will not get this announcement from the white house, its coming out of the Justice Department late last night an announcement that attorney general Jeff Sessions will come out and talk about this in just a few hours, about six hours from now, to outline what the government wants to do plus pressure from both sides you talked the business community, and nine states now say they will sue the government if the government does not roll back this obama era order. There were democrat strayings over the weekend from coast to coast, primarily by people who want to see this policy stay in place. It affects 800,000 people, many of them now adults who were brought here when they were under 16 years old under the obama policy they were protected from deportation under the trump policy they may not be now some republicans are split the president himself has sent mixed messages, eventually saying these dreamers, as theyre known, dont need to worry. But now they may very much need to worry if theyir deportation protection goes away well get that announcement later today from the Justice Department now that we have labor day behind us, whats on the agenda . Do we expect congressional business to pick up significantly . And could this Hurricane Harvey relief bill, could that bring together a sense of unity and action it could but then theres talk about tieing it to the budget and the debt limit which has to be raised two big Financial Issues that congress has to deal with when they come back today if thats the case, we could see things slow down like with super storm sandy. I talked to senator ted cruz last week in houston when responding to this he said, look, i dont regret that decision about voting against supplemental sandy aid because of the additions added to it. Some conservatives oppose adding anything else on to an aid package. Any indication theyll get movement or cooperation on a bipartisan bill to help Harvey Victims . Theyll get something done. Its not smart to leave billions of dollars up in the air as we see day by day these pictures. So theyre likely to get something done fwou t but to try to tie it to the budget that has to move forward or the debt ceiling that could be politically tricky. Angry birds maker rovio is planning an ipo. The finnish mobile gamesmaker will list in helsinki. Following years of falling earnings and jobs cuts, the company returned to profit in 2016 following the angry birds 3d movie and game sales rovya sae dposh gosh, its intense that video were play you never played it no. Its very addictive its not making me want tofrmt. Itthe publisher of the chicg tribune is buying the iconic daily news no cash is changing hands, but tronc agreed to assume all operating cost and debt and will acquire the Printing Press in new jersey the daily news was once the nations largest circulating newspaper but has faded as readers shift online hb fuller is buying its smaller rival royal adhesives and sealants from a private equity firm for nearly 1. 6 billion. Fuller expects the deal boost revenue by about 25 were seeing that up almost a full percentage point. Blackstone has cancelled a 3 3 billion sale of several australian shopping malls after failing to find a buyer. The company put the portfolio of ten malls mostly in sydney and melbourne on the market in april. But blackstone only got offer force individual properties. Novartis ceo will be stepping down next year. He oversaw the exploration of several patents. Sm separately novartis says a faphs three trial of a drug for multiple sclerosis has shown improvement. Barrons is negative on papa johns the negative paper says the pizza delivery chain sells a product thats pretty good, and notes the Company Plans to buy back 5 500 million in tock, but they caution that the company may continue to underperform in the face of heavy competition. The stock is down half a percent. Still to come, talking trade with the chairman of toyota. One of the Worlds Largest automakers weighs in on nafta negotiations highlights from that exclusive interview straight ahead hey, hows it going . Um. Who are you . Im val. The orange money retirement squirrel from voya. I represent the money you save for the future. See . Were putting away acorns to show the importance of being organized. Thats smart. Whos he . Hes the green money you can spend now. Whats up . Oh you know, gonna pay some bills, maybe buy a new tennis racket. Tennis racket for a squirrel . Hes got a killer backhand. When its time to get organized for retirement, its time to get voya. So shouldnt we get our inphones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. And ask how to get 200 off the latest devices. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. The chairman of toyota weighing in on how nafta negotiations will impact the auto maker akiko has this exclusive interview. Reporter toyota has been careful not to publicly criticize the Trump Administrations push to renegotiate nafta. But internally no question that there are concerns, especially about the possibility of changes to rules of origin when we spoke to the toyota chairman, we asked him just how disruptive to those changes to requirements would be. Terp o. Translator or decisions are based on a medium term outlook that has contributed to the growth of all three economies and enhanced competitiveness leaders of the respective countries called for adjustments and i agree some changes are needed, but we do think they should keep parts of the existing framework that are working for the economy. Toyota certainly found itself in the cross hairs of the Trump Administration and its America First policy they announced that partnership with mazda to build a 1 1. 6 billion facility in the u. S. That they said would create about 4,000 new jobs we asked the chairman how much of that decision was driven by the pressure they faced from the Trump Administration he said simply, look, we dont decide Business Decisions based on a shortterm outlook or the political environment. This was a business decision certainly no question they have their eye on the white house and they are doing most trying to make more of an effort to manufacture in the u. S. As well. Stepping away from the trade debate what else did he have to say about the future of the Auto Industry and that balance between electric and petrol driven cars . Yeah. We talked about the increasing competition toyota faces from some names they may not have thought about 20 years like tesla, alphabet, some other Big Tech Companies its important to note hes considered the father of the prius. He was the chief engineer behind the hybrid car toyota has seemed to have lost their innovative edge over the last several years they say they dont see the Tech Companies as competitors, but as partners as for electric vehicles, he said, yes, five years ago i said i dont think there was a pure market for Pure Electric vehicles we changed our minds we have seen the industry shifting they are looking to develop it but want do it with solid state batteries, moving away from the lithium ion batteries. He said that research and development is in the works, but it could be several years until they have a Pure Electric car on the market. Thank you very much still to come on Worldwide Exchange, its not north korea, why elon musk says theres Something Else that could trigger world waiir i. That story and much more straight ahead. Has grown into an enterprise. Thats why i switched to the spark cash card from capital one. Now, im earning unlimited 2 cash back on every purchase i make. Everything. Which adds up to thousands of dollars back every year. And helps keep my passion growing. In every direction. Whats in your wallet . Do i use. One thatsthat wgood for my teeth . Now i dont have to choose from crest 3d white comes new whitening therapy. Its our best whitening technology. Plus, it has a fortifying formula to protect your enamel. Crest. Healthy, beautiful smiles for life. And im the founder of ugmonk. Before shipstation it was crazy. 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