>> well, vw is downgraded as sales fall in november. separately, the owner prepares to face workers for the first time since the scandal. >> shares in yahoo! spike on a report that they could spin off the internet business in growing pressure over lack of turn around progress. >> hello, good morning. good to see you back with us. here for another worldwide exchange. we have two hours together. a pretty packed show and a lot going on looking at politics as well as what the markets are doing. we have quite a lot going on. cop 21 already in paris. coverage from there and opec at the end of the week and squeezed in between janet yellen later today. everybody is looking to any hints she could give and the ecb is upon us as well tomorrow so markets may be repositioning ahead of this meeting. on friday wrapping up the week anticipated to see 200,000 jobs created during the month of november. the issue is whether we overshoot or undershoot or come in in line with the expectations. flat higher this morning so following on from the calls we were getting. that's what we're seeing. still delicate buying taking place and when looking across the main european equity markets, ftse is higher. xetra dax a flat market. >> he believes spanish voters will keep greece's struggles in mind and will not allow the country to return to the uncertainty of 2010 or 2011. certainly spain has no reason to hide. they're the poster child for growth in the euro zone. >> you're right. we're seeing the strongest growth expected to be more than 3% in spain this year. household spending up more than 3%. investment spending up more than 3%. we're coming from a low base and estimates suggest even for spanish growth that we're seeing right now it will take until 2017 to get back to where growth was in 2011 so you have to keep in mind there's a catch up going on here but of course this has been a real focus as we head toward the elections. we've seen what was a two party system blown wide open. there's now four possible parties. not only the socialists and the people's party, we have also seen but i asked can the economy and the recovery that we're seeing win this election for them. listen in. >> i think that it's important, it's relevant. i think that it's the situation of spain is totally different and it was only four years ago. and it's not only the person, the current situation, it's the prospect. it's the outlook. i think it's perfectly feasible to have the economy growing at a rate close to 2% over the next few years. >> does that depend on who is in power? >> well, it will depend on the current policy. despite the fact that we have corrected many of our imbalances but there are important blt abilities. >> but the second one is the position of spain, we have a lot of external debt and through confidence we could have a very rapid impact on the spanish economy the financial conditions could be worsened rapidly. >> so what we have seen heading into this election is the traditional two party system blown wide open. we have got theo and could the people's party work with him hypothetically going forward? a reformist party? pro-europe party? >> well, i think that, you know, one year ago there was the possibility of having him in power. you remember that. >> i do. >> i think that, you know, the impact of, you know, greece was most very relevant. >> well it's not only him. i think that the image of, you know, a retired people lining up in front of an atm to with draw money. i think that it's out of impact, the spanish population and especially in the possibilities of, you know, a party like like that and i think this was a reality check for everybody. i do not believe that the spanish population wants to take spain back to the position that we were in 2010 or 2011 to be sure they would not repeat that mistake. >> we have spoken to representative of the two newest parties this morning and they both hinted that if spain wants a fresh start we need to move away from the prime minister in power so they're going wild with the fact that there was a debate held on monday that he did not hold up to. plenty more debates over the next few weeks that could still play a crucial poll particularly given the polls are so tight heading into this election. plenty to play for. back to you. >> thank you for that. we'll see you later on as well. for more on that interview head on to our website on cnbc.com. >> now last week, san palo lead a 3.6 billion year rescue of four small ratings banks. the rescue plan will be costly for the financial sector but the ceo says the rescue fund is the right solution for the country and it's banks. in an exclusive interview he explained why he is confident not only about the bank clean up but also about italy ae's recov. >> one is expert related. it's due to the devaluations of the euro. so these improved the position of the companies. the other is internal related demand companies and it's due to the recovery in the interest rate in a zero interest rate environment. so we have no fear for the future so confidence is improving. also it's bringing confidence within the country. bringing positive messages and it is very important because the energy for growth for italy is by definition. >> we also are seeing a continued clean up operation of the italian cleaning sector. you in part helped to clean up because you're one of the healthier banks. why do you think that move was significant. but are you interested in buying some of these? >> we were forced to help them because it was a resolution plan. we had to pay a bill but we were forced to pay. i think that it is the right way for managing them because you have not to put families in a very negative attitude toward banks so it is positive for the system to solve this four bank resolution. they have the last ones. in my view, now the situation in italy is completely cleaned so we can move into another. we are not interested in making any kind of acquisition in italy because we have significant market share and we are delivering a plan on which i'm really committed to deliver. >> so m&a is not part of your strategy. >> no. >> what about raising dividends though because your numbers, you said those were the best since you created the banks. >> that's right. we're delivering 2.7 billion euros. it's comparable with really the best in class in europe but on the same side, we have the high capital level. so we're in the best position to pay dividends. our commitment is 2 billion euros this year. but this is the minimal level. so if the result in this quarter would be good there would be a space for increasing the possibility of pay dividend to my shareholders provided that the board of directors will approve the proposal. >> there you go. that was the ceo speaking to me yesterday. of course we also talked about the ecb. that's the big topic this week, isn't it? he expects more stimulus to come from the ecb. who doesn't at this point? obviously a lower euro dollar exchange rate for that bank too. when i asked him what's more important, political reform on the part of plflt -- mr. renzi's government, he laughed. >> i wonder if we are putting too much on this. once they decide to tell us what we're going to be doing. we have one day left to rate. >> draghi usually overdelivers doesn't he? maybe the expectations are being met by what he's going to do. >> we'll see. >> 24 hours to go. >> full coverage of that. still to come here on the show today could this be the beginning of the end of yahoo! as ceo marissa meyer's turn around plan seems to stall a little bit. stay tuned to find out what's next for the tech giant. we're with you for the next two hours. join us on e-mail or on twitter. ♪ today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies are turning to cognizant. our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way clinical research sites collaborate with pharmaceutical companies, and enhancing patient engagement with innovative platforms and solutions. our population's growing healthcare needs present growing opportunities for our clients: to advance the future of medicine with digital, and improve the quality of lives. ♪ hi, everybody, welcome back to worldwide exchange. yahoo!'s board is meeting today through friday to reportedly consider wlntd hether or not to the company's core but struggling internet business and move ahead with the alibaba spin off despite a plea last month to scrap that plan. analysts have said in the past that the internet business could attract private equity firms. media and telecom companies or a firm like soft bank. the meeting comes as pressure mounlts over t moun mounts over the lack of progress in marissa meyer's turn around plan. >> if yahoo! does go ahead with the spin off of its stake in alibaba the chinese e-commerce giant could decide to buy it back. but transaction would likely carrie a big taxed on gains from the shares. in october the company would only buy back shares if it's significantly there. currently german trade up by 0.9%. >> now you can find out more on why investors and shareholders might be getting wary over yahoo!. head to our website. i mean, they are trying to put in place this massive turn around plan. she has been very addiment about that and they have been trying to push mobile. they have been trying to push video, social media and things like that but they haven't managed to get revenue back up again and you still see this drop in desktop add search revenue so that's the hurdle and alibaba as well not getting this, you know, tax free stamp to go ahead -- >> there's a lot -- >> a lot of issues. >> there's a lack of clarity about that and if you take a look at yahoo!'s valuation now it's made up of its asian assets. that 15% stake in alibaba. they have a $8.5 billion stake in yahoo! too and lack clarity over whether a spin off will be safe or not. that buyer will need to have a lot more clarity or at least have to have a plan about what to do with those assets and if they're not tax free. also with those asian assets investors are valuing the core business t internet business at less than zero. that is just tremendous. >> this is if you compare google and yahoo! which you can't, that's where google made big changes in term of the core structure of their company by making google into more than a search engine. they're attempting to do it but too late. when do you last meet anybody that uses yahoo!? >> a long time ago. >> a long time ago. it is still being used so it's still being used but you also have to wonder, marissa mayer is three to four years into the turning plan. you have to wonder if her head is on the chopping board too. >> but you also have to give time to restructuring plans as well. >> four years. >> but it's about when do you follow through and when do you say okay enough. >> she has a bigger worry. >> i have one as far as i know. that's just one. >> we'll find out. moving on, volkswagen's owners are set to face them for the first time since the scandal broke. they'll face thousands of workers in an effort to reaffirm their commitment to staff forced to take two weeks of unpaid leave. meanwhile, s&p has cut volkswagen's credit rating again. they downgraded them to bbb plus to a minus due to weaker sales prospects and substantial costs in the wake of the emissions scandal. speaking earlier on squawk box europe a senior director explains why consumers are still concerned about the scandal. >> it's about customers deciding not to buy a vw vehicle for the time being. a key support factor for their sales in the past is the idea that you buy vw and three years later it has a good resale value. there's still uncertainty in customer's minds about what this means for them. how they have to adapt. what the consumption might be. the co2 levels. let's not forget that these developments have broadened beyond the original issues to cover co2 and fuel consumption which are more much consumer sensitive, especially in europe. >> nancy joined us around the desk. how is the stock reacting to all of this. >> it's down nearly 3%. a lot of it had to do with what the representative said there and that's uncertainty. over just how far it stretches. we're still awaiting a solution on the fix for the engines effected with this diesel defeat device in the united states. a fix has been presented to u.s. regulators and we have no word on whether they accepted it and whether it will be put into place. that bears cost consequences as well. as s&p outlined here a lot of this goes back to brand reputation and that's what we're seeing in the u.s. sales figures that were out yesterday. a near 25% drop on the month. when you take that into consideration against the other competitors, the likes of the u.s. auto makers doing well, toyota doi well in the unid states as well this is starting to take it's to. it's the firstramadrop sie the defe case broke. around 25%, when you look at volkswagen sales in the united states it's around 20 to 25 of their salesthere. so it's not a huge surprise and volkagen said is is largely to do with the stop sale o os diel eine cars that's in place so nural tho ar't lnghe sw room. so that helps explain part of it but the fact that it's stretched beyond the diesel engines does raise question about other impacts. do we have reason t think that's a different story in europe with rards tthe sales. >> in europe we still don't know e ramificatns yet. >> we have seen a bit of a dip of probably n as much aome expected in the most recent period bute'retill awaiti e nomber sales period which will reflect that admission from volkswagen earlier on in november that this has stretched beyond what they said. how many cars are effected and issues with co2 emissions. we're waiting for the details on that but remember the entire case first broke in the united states. a lot of press coverage there so you can see it having an impact in that market. >> nancy, thank you very much. >> morgan stanley says the euro zone will brush off a year with political risk in 2016. the bank forecasting growth of 1.8% year on year which is above consensus. this has the block swings toward more monetary and physical policy easing. let's get that outlook for the chief european economist at morgan stanley. good morning to you. let's kick off with the political risk. the major elections in germany and france they won't happen until 2017. why do you think that 2016 will be heavily fraught with political risk. >> they are essentially three political risks that we're looking out for in 2016. one is the conclusion of an election cycle and we have the election in late december and ireland next year. the second factor is the refugee crisis. and i think that creates political challenges both at the national and also at the union level and last but not least the u.s. would like to renegotiate it's position in the european union and will most likely hold a vote on the outcome of those negotiations sometime in the course of next year. >> with the influx of refugees and the terrorist threat is there a sense that maybe the incumbents will be doing some what better or is this a clear vote of confidence for the challenger parties. >> i think seeing divergent developments. historically after financial crises you have usually seen. we see left wing parties doing well. when there is a perception of a broad security threat, often the incumbents are seen as more reliable and could potentially gain at least in the wake of the event but whether they can turn this into a long-term political advantage remains to be seen. >> good morning, it's louisa. how many hikes do you think you will see from the fed from now on through next year. >> so we think the fed will hike in december. that's our long standing call and then we think they will pause until june. so in 2016 we only expect three more rate hikes. that's one more than what the market is pricing in. but they will take it relatively slowly in the first half. >> thank you very much. >> just looking at comments coming from the iranian oil minister he says iran doesn't need permission to increase it's crude production. that's according to the news agency. this comes ahead of friday's opec meeting. certainly there will be plenty of talk about a potential opec that we won't see because the saudi arabia juans are not going to have a change of heart. >> we think. >> we think. and what happens always up to the opec meetings is all the ministers they say something and they're all quoted as a headline and it's small changes. very small changes. >> i can't see them changing their stance. >> no, many might agree on that. still to come here on the show, a newborn baby and huge give away. stay tuned for the details from mark zuckerberg's announcement on facebook. that's coming up next. suffering from the flu is a really big deal. with aches, fever and chills... there's no such thing as a little flu. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. attack the flu virus at its source with prescription tamiflu. and call your doctor right away. tamiflu is fda approved to treat the flu in people 2 weeks and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing, have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. ask your doctor about tamiflu and attack the flu virus at its source. welcome back to worldwide exchange. european stocks trading higher on ecb optimism. state side, janet yellen is calling the shots as she prepares to speak in washington. >> can spain's economic growth return prime minister to power. economy minister tells cnbc he believes voters will back the government's record. >> it's perfectly feasible to have the economy growing at a rate close to 3% over the next few years. >> vw is downgraded by s&p as sales in the u.s. fall by 25% in november. separately, the owner prepares to face workers for the first time since the scandal. >> shares in yahoo! spiking in frankfurt trade on a report the board could spin off the internet business and growing pressure over lack of turn around progress. >> we are mixed higher this morning. xetra dax flat. it said it would spin off parts of its business today. it's down a little bit of profit taking. the cac 40 is flat. i want to point out there was a couple of upgrades for the health care stocks. >> let's include this in our spin around. you have a little bit of selling taking place in the states and pushing yields a bit higher. still record lows regardless of the levels we're looking at now. a little bit of buying with the yields pushing lower. also looking at the currency markets given that we're heading toward the ecb tomorrow. euro dollar, 106.24 at the moment. the aussie dollar among the best performers in the last couple of days or so after the bank governor indicated they're not in a rush to cut rates and don't mistake the currencies. australian and new zealand while it's anything that has to do with pond life. >> all right. let's get today at a. u.k. construction growth falling to a 7 month low in the month of november. that's according to the pmi number. what we were expecting was a print of 58.2. what we got was 5.3 versus 58.8 in the month of october and you're seeing the reaction in cable. sterling dollar right away. 15035. we're off by .3%. quite a dip in reaction to the data this morning. >> okay. as global leaders discuss how to change an agreement barrack obama warned that as a quote, island boy, he is concerned about the effects of climate change for the world's most vulnerable populations. >> the views of these smaller nations, their voice in these negotiations will be absolutely vital and one of the things that we heard t consensus between the united states and these small island nations is that we have to have an ambitious agreement. though the targets themselves may not have the force of treaties, the process, the procedures that ensure transparency and periodic reviews, that needs to be legally binding and that's going to be critical in us having higher ambitions and holding each other accountable for those ambitions. the climate financing has to effect the most unique needs of the most vulnerable countries in how it's operates and those pledges have to be real. >> let's get back out to steve who is at cop-21 in paris. now that the leaders, the heads of state have left paris we're down to the technical details. >> and he completely underlined the key details there. no leaders wanted a treaty but wouldn't be able to get that back stateside as well. but he wants legally binding elements to which part of it. that is absolutely key and that's something i have been speaking to the lady whose title might as well be chief cat herder here. her title is executive secretary of united nations frame work for the convention of climate change and she is in charge of getting all the leaders and diplomats to sign on the paper a meaningful treaty as well. i have been talking to her about the various difficulties she had and the issues the president just mentioned. >> if it were easy, it would have been done a long time ago but the legal character of it is one of the challenges. what there is fundamentally a growing consensus is every single element of this legally binding agreement cannot and will not have the same character of legal validity and that's hard to understand because it's legally binding. every single element had the same legal nature. that's not going to be sold this time around because we have a very different world. yes it's going to be a legally binding agreement but several of the elements will have a different legal element. that is the challenge. >> in the united states if the president came back with something that looked legally binding there's a high chance he couldn't get it through con depress and it could be reversed by a potential republican presidential. >> let's just look at the practicalities. >> what is intended is to create a structure to guide the global economy for several decades and we know that the numbers of emission reductions that the countries have put in which anyway only go five, maximum ten years are insufficient. so we do know that they'll have to make further efforts along the line. so why would you want to put those numbers into a legally binding structure that would have to be ratified and would have to be revised and reratified a couple of years down the line? it doesn't make sense. where as what you want is the structure of constant improvement of transparency of verification. so that we can know whether we are moving toward progress or not. that should be actually very stable legally binding internationally legally binding but the numbers will be very counter productive. so it's a practicality thing. >> and you think you can get legally binding language into the final agreement on these indc? because it's not just in the united states. it's countries like india that have problems about multiyear verifications. >> yes. i do think there's a growing consensus about the need for this to be to be a constant improvement process. this is not understood to be a one off deal. this is a structure that will guy global economy and hence it does have to have predictable guidance into the future. >> so there will be penalties for countries? >> no, i don't think there's going to be penalties. i don't think they're going to be penalties. penalties have been shown not to work in the past. there were penalties inserted into the protocol and they were never made effective. >> where's the teeth? >> in the transparency. the environmental integrity of this legally binding agreement needs to be in the reporting and the verification rand they'll be having a pier review process where they will be seeing over each others shoulder. with respect. but they will be looking over each others shoulder to see in aggregate how are we doing along the path to stay under 2 degrees. >> so no treaty of course. that was way before we got here to paris but legally binding elements of this treaty as well. i think people will be pouring over those comments and thinking which are legally binding? the verification process again, which bits of that will be legally binding and the key issue in the break out groups today from the developing nations point of view is okay, the money, we don't trust the money is necessarily going to be there by 2020. $100 billion a year. if you can show us where that is maybe we'll go down this path with you as well but those are some of the issues we have been going through. back to you. >> a lot to get through. thank you very much. we'll be crossing back out to steve throughout the day. paul is with us in the studio. executive chairman and co-founder of cdp. let's get your reaction to what we heard. the issues mapped out by steve and his guest. how are we supposed to view what's taking place? >> climate change is super serious. has been for a couple of decades now and what we're seeing is a global movement that involves government and business. what i think she was say as good that the governments are going to find a way to make this work. we have companies reporting to us. biggest ones in the world. 800 boards, 8 to 1 told us they won an agreement that keeps it under 2 degrees. we have business lined up and government lined up and we're going to get this done. >> she was saying we need to depoints higher lit size this. can you? >> well, you have all different kinds of -- what about development? we have economies. we have a global economy. we have trade agreements. we is have development assistance. the rich countries helping the poor countries. we do this stuff all the time. look at defense. we have different expenditure on defense. different countries and treaties. we can work this stuff out and we're doing it. >> if there's no legally binding treaty, who enforces or polices what comes out of cop-21 because they don't have much clarity on what's happening. one example, the carbon tax debate in australia a few years ago there was a lot of back and forth. >> but if you look at what we do here, they're not all under a single global government but they work well and work by consensus that's built up over time. we have peer review by the countries of the countries and peer review of the companies by the companies and together we can ensure that people comply and if we revisit it we'll get there. >> do you think vw was a shift for the entire industry? because it put more focus and emphasis on the carbon footprint and maybe the misgivings on one specific company. maybe we were lucky that this happened. >> in a funny kind of way you could say that. i have been working in this game 15 years. people talked about the concept of climate change. 150 world leaders gathered in paris saying this is the most important thing. we'll get this done. you see huge progress over a small period of time and we have something like 435 companies, big companies now saying they're using a carbon price. of the largest companies in the world about another thousand say they'll be using a price within two years. it's happening. >> ultimately though, often times it comes back to the cost and it comes back to the money. do you think that developed nations, are they going to be helping the developing nation with the cost of going green? >> yeah. i think they are. in the u.k. we spent 2.2% of gdp on defense. ain't no one going to invade uk in the future. the process we have is climate change. as other rich countries will to help the poorer countries. but it's not complicated. we're going to use energy more efficiently. we'll get renewable energy and low carbon energy. electric vehicles. we'll get this done. >> let's be realistic here. let's set the priorities straight. many of these markets worry now about a fed hike. they worry about a slow down of their economies. they can't really be focussing on climate change. i'm just thinking this is closer to reality. >> well, i don't know. let's think about reality. super storm sandy. wall street got it's electric power cutoff for four days by a storm where 30% of the impact of the storm was already attributable to human induced climate change. we have droughts, refugees moving, a lack of food. nothing is more super serious than that. >> thank you for that. executive chairman and co-founder at cdp. >> now beijing has been battling with the worst smog on record. head to our website to see the images from the capitol being dubbed as greing instead of beijing. mark zuckerberg is a new father. congratulations, first of all. that's the most important thing, right. >> absolutely. >> in a facebook post on tuesday, yesterday, he and his wife announced that they had a daughter last week and they have named her maxima or max for short. in that same post they have decided to give away 99% of their facebook fortune to charitable causes. yeah. james in my ear saying wow. you're right. wow. reducing poverty and improving education. their shares are worth around $45 billion. the couple are forming a new organization called the chan-zuckerberg initiative. he'll sell up to a billion in shares in each of the next three years and he'll also be keeping a controlling stake in facebook. he says he will remain the ceo for many years to come. so they're committing to spending 99% of book shares on projects over their lifetimes. $45 billion at current valuations. through the giving pledge they already said they'll be giving away half of their fortune. he gifted something like 1.6 billion to education, health care, areas like that but it's so inspiring i find to see somebody young doing this. somebody young where he has the rest of his lifetime to see the difference that he's make. >> totally. it's very honorable, isn't it? but he's also setting a very high bar for other entrepreneurs and rich people around the world. it's a trend in silicon valley. he's not the first one to do that. we have the likes of nicholas, founders of gopro. founder of napster, for example. and all of these people and these companies they pledged a lot of money. maybe not 45 billion dollars but hundreds of millions of dollars to charitable causes. it's the new trend in silicon valley and maybe it also helps silicon valley's reputation because right now what we're talking about on a daily basis is the fact that valuations are sky high. we're talking about them driving up the rents. we're talking about rising salaries so maybe it's a good reputational stance too. >> and the tech industry incidentally when you look at the top 20 richest americans a vast majority of them are in the tech industry. you have more rich people in the tech sector than anywhere else state side. i was looking through the write ups this morning on which angles of the story to look at and many are at a negative angle. you can get rid of this one and he's heading up a charitable foundation and he has tax cuts or whatever, i don't care. he's done very well. >> he's giving up $45 billion. >> he made a lot of money. sure he's never going to be poor but he's helping out massively. also doing paternity leave. setting a standards that it's important for fathers to take time off. >> the question you have to ask, how many of you, the viewers would give away 99% of the shares in a company you owed? would you do that? >> depends on how much you have to start with. if you're starting out with $10,000 or whatever. you might not give 99% of that but maybe we should. for more on mark zuckerberg's happy news as well as his giving tuesday initiative head to cnbc.com for a look at that. i love the giving stuff. it's brilliant. >> it is brilliant. we'll go for a quick break but still to come, corporate hacks and data leaks are threatening our security online but our next guest, for the u.k. under tony blair is looking for one solution. more on that, next. bob dylan. to improve my language skills, i've read all of your lyrics. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. >> private equity firms are competing to buy assets from dell. they're vying for quest software which helps with i.t. management. an e-mail encryption and data security provider now an international survey tracking the use of mobile devices found that ceos and business executives are concerned about issues of cyber security. 82% of business leaders agree that mobile data and privacy is a concern with 41% believing it's the most important technological influencer followed by cloud technology and e-commerce. head on to our website to look at the full results on there. >> security communication firm silent circle launched it's software aimed at capturing the government and business market. this follows the launch of its device amid corporate hacks and data leaks. they also just added him as a member of the board we're now joined by bill connors and andrew pender, board member of silent circle. fwoorng to you, gentlemen. thank you for coming in. bill, let me kick things off with you. how is business right now. >> very good it's never good enough but it's on top of mind share and four out of five ceos now realize after sony and after the jp morgans and the financial tacks it's about their corporate reputation now they're being attacked for intellectual proper the is. that's how the business operates. >> they're always one step ahead of us. maybe it's one thing having a secure phone or secure cloud but we saw with the tech, for example, we saw talk, talk, but these are full blown attacks that it's hard to get your head around that. >> i think that's right but they're trying to give enterprises tools they have never had before. it's gotten great reviews and it's all about the important people that don't want personal information or corporate to be leaked. the problem is most of the secure communications has been set up for consumers that are cloud based. so what we're announcing today and tomorrow is our ability to bring multidevice secure communications across android and ios so they can't breach communications. >> are we allowed to have privacy at this level? it's a silly question but some might say well privacy is a thing of the past and we, the government, or authorities or whatever need to be able to get into your phone whenever we see fit. >> i also think that we need to feel secure ourselves in our privacy it's all good to say we need to see everything. but do you want them in your bedroom and kitchen? of course you don't. we want to help government. everyone wants to help government keep out the bad guys. this is a way of keeping out the really bad guys. by helping ourselves to help ourselves. the corporations keep themselves private so the government doesn't have to keep things away from us. >> how much of this is now focused on the individual as opposed to enterprise. >> it's all about enterprise we want to keep critical information private and secure. cell phones, selected individuals, primarily this is about the large corporations and governments around the world. >> how does it work, actually? because the black phone is secured all the way down to the chip level. >> it is. we have enterprise privacy flat form. it has settings just like that that are all the way down to that level. when that hack happened that was government lead and activist lead and maybe some insiders they took not just the corporate information but the bring your own device information but everyone is not going to buy our phones. a lot of people have iphones and ipads and the question we're solving is for the first time secure phone communications and messaging through an app like the apps on my phone on an iphone or ipad or other android device. so i can send 100 mega bits. if you're a reporter in a bad part of the world and you want to send a voice recording or video put it in the encryption. it's on the phone and not going to get penetrated anywhere in the middle. a lot of people have been talk about it in a bad way but it's a reality. and that's what we're about. we're trying to give enterprises new tools that didn't exist for them before. >> gentlemen, thank you very much for being with us this morning. bill connors, ceo and president of silent circle. >> i'm just looking at some flashes coming through around volkswagen, according to reuters, volkswagen reached an agreement with banks on the terms of a 20 billion euro bridge loan according to sources. 13 banksff banks offering 29 billion euros in financing from volkswagen allocation. it will take place in the coming days a cording to the sources but they declined to comment on the financing talks. moving on, the hungarian prime minister says there's a semisecret agreement to home almost half a million syrian refugees from turkey but hungary will not accept the plan due to be announced this week. >> the u.s. prime minister david cameron urged mps not to, quote, sit on their hands ahead of a key house of commons vote joining air strikes on syria. a debate will end on a vote of whether they should join the u.s., france and russia in striking islamist targets. up to 50 opposition lawmakers are to back the government. speaking in damascus the syrian president gave his view on the attempts to build a broader coalition against isis. >> if they wanted to learn from what happened in paris recently, why didn't they learn from charlie hebdo. we said this is only the tip of the iceberg. what is under the water is much bigger. they didn't learn. >> okay. quick look at european markets. a little bit of green across the board. all eyes obviously on the ecb meeting tomorrow. will we get more stimulus and in what form? ftse 100 up. the xetra dax is close to the flat line but the cac 40 with a modest gain of two points or so. u.s. futures are looking like this. what we're seeing here is a start to the trading day as far as futures are concerned. s&p 500 seen up by two points. dow jones to open higher and the nasdaq set to rise by 8 points. this is after we saw a rally into the close across the booshd in yesterday's trading session. despite the manufacturing print. >> i know. i saw that precisely. listen on the issue of syria i saw an interesting viewpoint this morning about how the syrian people, how they should have the right to decide who governs them. so if they want assad in power it's up to them. it's a lot more complicated than that. find us on e-mail, worldwide at cnbc.com. we'd love to hear from you. we have an hour to go here on the show. still to come, consensus is growing for the fomc lift off in december after years of loose policy. but the latest ism date has you with the six year low. is yellen at a risk of moving too soon? we'll talk more about this coming up. nsh . welcome, you're watching worldwide exchange. >> hi, everybody. these are your headlines from around the world. >> the federal reserves janet yellen set to call the shots stateside as she prepares to speak in washington while european stocks trade higher on ecb optimism. >> shares spiking after a report that the board could spin off amid growing pressure about the ceo's lack of turnaround progress. >> the gift of birth is worth $45 billion to mark zuckerberg that

Related Keywords

Australia , Germany , Damascus , Dimashq , Syria , Iran , Turkey , Beijing , China , New Zealand , Russia , Washington , District Of Columbia , United States , Alibaba , Lorestan , India , Hungary , Saudi Arabia , Ireland , France , Spain , Paris , Rhôalpes , Greece , Italy , Italian , Americans , Australian , Iranian , Spanish , Chinese , German , Syrian , Hungarian , Aussie , Charlie Hebdo , Xetra Dax , Janet Yellen , Marissa Meyer , Tony Blair , Marissa Mayer , David Cameron , Andrew Pender , Bob Dylan ,