Electronics stocks move higher. A spanish person becomes the first person to contract ebola outside west africa as president obama outlines plans to screen passengers for the ebola disease. Ebola is a very serious disease. And the ability of people who are infected to carry that across boarders is something that we have to take extremely serious. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Rio tento has ejected a takeover bid from glencore back in august. They have created the worlds biggest liners. Rio tinto shares are leading the ftse. Glenn core is trading higher while the news lifted other m e mining stocks. Glencore has not rumd out a fresh approach, this a according to its sources. Chris is with us for the next half an hour and nick, as well. Nick, do you think this announcement, this deal that glencore is looking at rio tinto, do you think that suggests Iron Ore Price ves bottomed . Not necessarily at all. One of the main rationales for the deal is glencore believes it can eek out a few dollars extra. The cost energies are relatively small, but not negligible. One of two overlapping mines, but one or two cost energies. I think its a strong rationale for the a Strong Industrial rationale for the deal. Do you think these mining stocks are rallying on the hopes that some day a deal will come to fruition . I think rio tinto is up because of that. I think angelo is up because that is another potential target for glencore. And i think glencore is up because generally, from the few miners that has a good track record in deal making, whereas most other miners dont. So that is why i think those three stocks are up. Interestingly enough, all of these mining stocks have been hurt by weakening demand from china. But the local aussie dollar has fallen around 7 against the u. S. Dollar. Has that helped offset weak demand from china at all . Absolutely, yes. The australian miners and low Australian Dollar means lower costs for those miners. Generally speaking, the impact of that cost saving is lower than the commodity price impact. So if Iron Ore Prices go down historically 10 , the cost from currency has been much less than the commodity price. So the Commodity Prices tends to be the main driver overall. Right. Nick, traditionally, glencore was a krader of commodities, not a miner, per se. It controls more of the supply chain. Does this deal suggest this is outright a Mining Company . I dont think so. I think the transaction will be very strongly geared towards its marketing business, which is really one differentiating factor. One of the reasons against an angelo deal is angelo has a large position in diamonds and platinum which are not commodities that can benefit from its marketing business. The kind of commodities that are due are low bulk commodities, things less than a couple hundred dollars a ton. Glencore can use it contacting shipping. It blends material to eek out the last one, two, three volatile profit. 1 a ton of iron ore is about 3 billion on the top line. If glencore can get 3, 5 in iron ore, that could be up to 3 billion incremental top line on glencore, really, versus other miners. I think the marketing is very much front and center of glencores strategy. Its interesting, your point about Iron Ore Prices. Clearly those have fallen 40 this year. Is this a call on iron or prices from glencore . They say we have reached the bottom in their opinion . There is no deal on the table at the moment. And Iron Ore Prices tend to be very seasonal. So right now, weve come to the end of the stocking period. Historically, theres been a large restocking period ahead of the chinese new year. Yeartodate is perhaps not seasonal . No, no, it is seasonal. We have seen a big draw down for the last three or four years. Thats been mostly on stocking. If you think that the Iron Ore Price are come back to production ahead of the chinese new year, which i think is very possible, then i dont think you know, the deal takes so lock to consummate in terms of one, two, three quarters that, you know, you cant do a transaction today and expect it to close within a few days. Well continue to keep an eye out on Iron Ore Prices. Nick, thank you. For now, were seeing a lot in the prices. Of course, we are seeing a big rally in the miners today. Do you think the miners are a good buy . Worldwide cnbc. Com. Thats our email address. The european Vice President is facing european lawmakers and youre looking at live pictures of that right now. Were expecting to hear what he may or may want benot be approv that job. European markets in the red, as you can see today. Quite significantly in the red. The stoxx 600 is down 0. 7 . We look at the stoxx 50, as well. That itself is down 0. 7 . Aside from the individual markets, this weakness led by germany today which had further weak data this morning as it had done yesterday. German market down 0. 6 . There are pockets of strength. The ftse 100, despite being down 0. 6 , does have quite a few gainers in particular the mining stocks. France down 0. 7 . Italy relatively outperforming is just below flat. Lets look at some individual stocks. Tesco got a boost today, up 1. 6 . Following a report the private equity firm cbd approached the retail uk giant for a bid for its data gathering subsidiary. The deal could be worth over 2 billion pounds. Meanwhile quarterback reports say tesco suspended another senior figure after investigation into its 250 Million Pound of overstatement. Uk listed cann energy up 10 . Its joint Venture Partners will carry out a further evaluation to examine the extent of the source. Lufthansa down almost 2 after pilots on its cargo flights will walk out. That will start tomorrow at 1 00 a. M. , due to end the following evening. Sanofi down 1. 6 . Lets have a quick look at asian markets. The hang seng in hong kong is up 0. 5 . Most in hong kong have gone back to work. Protests continue, but much less than they were a few days ago. Samsung in korea is up around 1 . Thats despite guidance, which suggests it might have its first annual decline in earnings for the first time in three years. And japan is up about 0. 7 . Thats off the bank of Japan Monetary policy on hold. Bonds, tenyear treasury yields in the u. S. , dipping down a bit. 2. 4 . Nonetheless, range bound between 2. 4 if were thinking of thinks bearishly, if theyre more positive. Interestingly, the tenyear german bond dips below 0. 9 yesterday. It is now just back above 0. 9 , a bearish signal there. Lets look at forex. Weve seen a bit more movement in the dollar against the yen. Yesterday, in fact, the dollar declined 0. 9 against did yen. A little bit further weakness yesterday, perhaps thats because we didnt get further loosening from the bank of japan this morning. The euro dollar, 1. 2626. Well be discussing currencies a bit later. Seema, over to you. Wilfred, coming up on the show, is coffee becoming the in you new champagne . We investigate the jump in price for our favorite morning tickle. We hear from a leading south american investors on why hes steering clear of the country and looking for its neighbors for real returns. And it could be a green christmas for u. S. Retailers as the National Federation forecasts Strong Holdings this year. We want to hear from you on weather this will be the season to spend. A spanish nurse has become the first person to acquire ebola outside of west africa. If you really need to step up the response. There is no other way. We have to work on several fronts. We need to have enough of Health Workers who will be present in affected countries who will train and work along local Health Workers to try to provide necessary treatment to those who are infected. People who are infected have to have a place to go. They should not be turned down and turned away from the health facilities. So we really need to, as fast as possible, establish as many Treatment Centers as possible, have a training centers. We need to have capacity. If we dont do this, we will see numbers growing even further. Joining us on the phone from madrid is alon brock, reporter for the wall street journal. Alon, how serious is it that weve now had a contraction outside of africa . Its a big concern and Health Officials here are doing everything they can to try to figure out how this occurred. And what are the latest developments weve got from there . Do we have indications from the number of people that this nurse has come into contact with and what the authorities are doing on the ground to stop it from spreading further . Theres a lot we dont yet know. The authorities are counting up how many people and trying to find how many people she may have come in contact with. The latest we happen, she was transferred to a different hospital, to a special Isolation Unit in madrid and shes being treated on the sixth floor there. And were still trying to learn more about exactly whats being done. And alon, what are we expecting abdomen update from spanish authorities on the state of the condition of that nurse . We also dont yet know when theyll be giving more updates, but we expect it to be prompt and regular. And alon, final question, who is leading the move there in spain . Is it the w. H. O. Or the Spanish Government . The Spanish Government is taking the lead at the moment. Thank you very much for that update, alon. We will continue to bring you further news on that story as and when we have it. 2014 has been a strong year for stock commodities with about 80 up in the asset class. Coffee has been the top gainer with coffee futures up over 30 this year. Will the strength continue into the Fourth Quarter . Edward george, head of research at eco bank joins us now. Edward, the stock in coffee prices, we saw a price jump yesterday, up about 9 on concerns of supply constraint necessary brazil. Do you see coffee continuing to move forth from here . Its a bullish outlook for coffee. Part of the problem is that brazil is so dominant when it comes to production. We saw prices jump almost 50 in the first half of this year. In the last few days, there have been concerned about weather in brazil and theres the election in bra zell. We saw the reaction in the markets. That pushed up the and that is pushing up prices. So its not just about demand. Its about currencies. The dollar strength, thats also not helping, perhaps. Exactly. Thats had the opposite effect in terms of usual pushing down certain prices. Sugar and cotton have been badly affected. Even cocoa, the main contract for cocoa is trading here in europe. The pound has fallen at the end of september. Presumably, people take a jump on them. Im jump wondering if the market is lock coffee as a result of that price move. We like our coffee in the morning. Even if prices do go up, you find its still been growing. What is significant is the way that Consumption Patterns are changing and were seeing a huge surge in consumption in producing companies, particularly latin america. Why did it start yesterday . I think it was if you like a perfect storm, the combination of factors. Partly, there was a concern about brazil. It is by far the largest producer of the global market. But herd mentality that drove that increase yesterday. This is the highest quality coffee. Its a very kind of fine coffee. If youve ever bought a cappuccino or a latte, youve probably had aradica. If youd had bitter coffee, that was robusta. What about supply coming in from Center America and mexico, could that compensate for any type of further supply constraints from brazil . The thing about coffee is its many different kinds of beans. Brazil produces bulk quality arabica for the market. Even if they do come into the market, in a sense, they could be too expensive. Edward, thanks very much for joining us, Edward George head of research at eco bank. Samsung is set for its first earnings drop since 2011. It was warned the smartphone outlook remains uncertain. It expects operating profit to fall almost 60 below analyst forecasts. Shares jumping initially in the guidance with a number of investors betting the company has been through the worst. The stocks, though, keep in mind, down about 15 year to day. Samsung Electronics Earnings guidance for the Third Quarter is expecting operating profits to come in down almost 60 year on year at 4. 1 trillion yuan lower than the 4. 9 trillion yuan that local Analyst Consensus showed and much lower than the 5. 6 trillion yuan reuters have forecast. Revenues are looking at the 46. 9 trillion yuan down 20 year on year for the Third Quarter. This is seen as another earnings shock for samsung from local analysts coming again from weakness from its mobile business. This quarter, both high end and mid range models saw weaker sales. Because of this, marketing costs have to go up. These two factors seem to have been the main factors for the weakness in the numbers. And smartphone sales, which used to be more than 65 of samsung total operating profit is now at just about 52 . So this is coming from competition between apples new models and other chinese smartphonemakers planning their release in the quayan markets in the near future. Outlookwise, as well, Samsung Electronics sees the weakness in its mobile business continuing on, even through the Fourth Quarter. Apple is at the highest and has to continue to defend its margin. It makes the components from smart to finish and that gives it much more versatility in the market. Theres a lot of competition coming on and it doesnt have its own operating system. Right. Well talk more about samsung later, but for now, bp advanced technology has filed for bankruptcy sending shares down over 95 in after hours trade. Now, it could be a green christmas for u. S. Stores. The National Retail federation is predicting holiday sales will rise 4. 1 this year. That would be the largest growth in three years. Matthew share will be on squawk box so break down the holiday forecast today at 7 30 eastern. We want to hear from you on this. Will it be a green christmas . Will you be spending more this Holiday Season . Its never too early to Start Talking about christmas, right . Tweet us cnbcwex or our handles on the screen. And back to the main story today, this is a live shot from madrid where the director general of Public Health is delivering a press conference after the spanish nurse contracted ebola. Well bring you more on that when we have it. Now back to chris wattling, ceo of long view economic. Chris, i noticed in your notes you said were closer to the end of this pullback than the beginning of it. Absolutely, yes. Its interesting. We forget that this pullback in europe started at the end of may beginning of june and has been playing out for quite a while. What weve seen is weve seen quite a lot of fear come into prices in the shortterm. Our models have moved from a couple of months ago to delivering a nice buy message and a panic coming back into prices. Only in march, everyone thought europe was the most amazing market to be involved in and the euro is at alltime highs and everyone was long. Suddenly, everyone thinks europe is a complete disaster, you have to sell the euro, all betts are off. Of course, youve had ukraine and so on. The reality is European Growth is okay. Not exciting. U. S. Growth is good and has momentum. And, you know, china is a real concern, but its sort of just about holding in there. So, you know, in prices, i think well get a proper low in october and we rally into christmas. If we take a quick step back from some os of this panic factors, what are the main factors in your eyes to drive markets . To my mind, markets are driven by positioning. And the stories that seem to move markets. I think what we saw by the beginning of this year are portfolios. Ewe contain was one of the tr k triggers. How did so many investors get it wrong . Youd have to ask them that. I dont know. Ukraine was a factor. Clearly that affected some of the data in europe. I think the european recovery is intact still. I dont think were moving into a special time in europe. What you expect is low trend growth. Equities or in bonds . I would be in equities at this stage. I think bonds have had their best this year with stellar bonds. And which equities in particular . Emerging markets . No. I mean, i believe the dollar is in a sustained uptrend. In that environment, you dont want to own emerging market assets. You want to owner western equities. In my view in the last stage of the economic cycle, maybe the last quarter, its a place where you concentrate portfolios down to western equities and not the key asset chas. Its interesting when you look at the emerging debt market, because of the prospect of rising rates in the u. S. , thats resulted in some outflows of emerging market debt. Do you think that trend will continue . I do. I think weve had emerging market asset performance, bond and equities. Interesting, you look at things like emerging market, bond spreads, Corporate Bond spreads, theyre correlate highly. All of those are trending up. We have the fed now talking about raising rates. Do you think u. S. Stocks have further to go up . I do. Clearly its going to pause, in my opinion, because its moved so quickly so fast and everyone is in. But i think the trend is up. We need to think about the relative Monetary Policy in the different key residence of the world, too. Chris, thanks very much for joining us, chris wattling, of long view eco