the parent company deutsche telecom jumps at the open. display you re watching worldwide exchange, bringing you business news from around the globe. good morning. welcome. it has been a busy morning. so far, some of the steepest boards in spain, portugal and switzerland. you can see still sharply lower, about 0.6% off the major markets. the ftse mib off 0.3%. french, italian and german pmis suggesting a fall from the june level right across the charts. but it were a trace on the manufacturing side. to the u.s. markets, it was a choppy session statewide. the argentinean default. you had concerns around geopolitical tensions, still with fresh sanctions and then the ripple effects across markets. earnings weren t particularly strong, either. we saw the s&p, the dow and the nasdaq around n session and a jump in the vix as a result. the vix up 23%. on the data front, interesting to note, u.s. labor costs according to their biggest gain in more than 4 1/2 years in the second quar
departure. soft bank looks to create some hollywood movie magic. the japanese firm is in talks to buy dreamworks animation for more than $3 billion. you re watching worldwide exchange. bringing you business news from around the globe. this is a live shot from the streets of hong kong. the hang seng market closed 2% lower after a week of protests on the streets of hong kong. demonstrators are demanding full democracy from beijing. the hong kong government says it has withdrawn riot police as protests calm down. eunice is in beijing for us, what has been the reaction there to the protests so far? reporter: well, so far in beijing, mainly what people are seeing is a very controlled presentation by the government of what is happening on the ground in hong kong. there s been heavy sensorship on the internet where we are seeing instagram blocked, also some of the social media apps, particularly like the messaging and wechat. we are seeing a lot of terms deleted that have
and over 1 million people are displaced as a powerful typhoon moves across the philippines suspending the bond markets as well as the currency market. you re watching worldwide exchange bringing you business news from around the globe. a very warm welcome to the show. lots on the agenda. we ll talk europe and china in a couple minutes, but the u.s. dollar continue this is rally. in november and december, we think, are people looking backward or will they be looking forward at the structural elements for the stronger dollar. it seems like the latter. the strongest unemployment gain in 30 months is providing fuel to the u.s. dollar. we were talking about it when we first started on worldwide exchange at a four-and-a-half year high. now close to an eight-year high. definitely a resurgence. the question is how far can it run? we ll discuss that throughout the show. but the ecb council member says he sees weakening in the eurozone economy and calling it a weak spot in th
0.4% for s&p 500. 1410 is the level just reclaimed. government shutdown now in day 14. debt ceiling deadline one day closer. a meeting between the president, the vice president, congressional leaders at the white house that was set for 3 p.m. eastern has been postponed. john harwood is there at the white house. any rumblings about when this meeting might happen now? bill, don t know but the longer it s postponed, the better, because it s giving time for senate negotiators to wrap up a deal that they can then outline to members of the leadership bipartisan, pelosi, reid, as well as the president of the united states. most people are bystanders at this point. president obama, the house of representatives, all attention is focused on two men harry reid and mitch mcconnell. earlier this afternoon they both came out on the senate floor and said things were looking good. constructive good faith negotiations continue between the republican leader and me. i m very optimistic
so, we re not saying we re going to see it this month, necessarily, but we are off to a down start for the month so far. sure we ll get into that and market reaction. plus, exclusive reaction to the selloff with pimco s bill gross. he has an eye-opening opinion of how investors should be playing this market. he ll tell us what keeps him up at night. the minimum wage is back in the news. we have a fast food worker walkout scheduled for tomorrow. the president was demanding an increase in the minimum wage. today we ll talk to a major e c exective to a major food chain about what would happen if they were forced to pay all workers $15, which is essentially double what most fast food restaurants pay. what do you do? cut jobs? make burgers smaller? sliders for everyone. with the dow off about 60 points, off the low of the session. it was down about twice as much at that point. the nasdaq only off about five points. the s&p 500 off three. interestingly enough, there have been