Hurricane dorian is still pummeling the islands as coastal states prepare for the worst its tuesday, september 3rd and Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherefore in the world you may be watching. Thanks for tuning in to Worldwide Exchange live on your screen right now its Hurricane Dorian, the monster storm will not move. Its sitting over the bahamas doing incredible damage over the weekend. All of this as they all declared states of emergency. Well give you more coming up in a few minutes. Heres how your money and Global Markets are setting up tuesday coming off one of the best weeks of the year last week. A very different story today down 189 points. All of this as the latest round is taking place over the weekend and beijing filing a complaint with the World Trade Organization as futures fall, bond yields are down fractionally begin. A benchmark yield. That is a negative real yield effectively. If you get this income and you factor in the rate of inflation youll be paid less than zero given inflations impact on that income pretty incredible stuff in the bond market. We will be on trade the other big market story this morning coming out of the United Kingdom where a political crisis is quickly turning into a currency crisis the pound below 1. 20. Thats the lowest level in three years. Boris johnson wants to pass legislation this week to try to force it and seek a three month delay to the u. K. s planned exit from the european union. I think to be a money manager today, just go out and find Good Investments for your clients you almost have to be a geopolitical strategist. What are you most focused on with your team there at commerce street well, safety is the first thing that we are trying to focus on we like a return of money in this environment but theres still plenty of great places to invest you just have to be picky and wary and a little bit understanding of where you think the market might go this fall. Where do you think it will go this fall . Its going to have a sideways and downward bias. We have pressure coming from the u. K. Theres nothing positive its going to come out from brexit and the market hates uncertainty and we know that its going to get more uncertain through october. China, the same way. We have had over 1,100 people arrested so far in hong kong and that situation is going to get worse before it gets better. The trade situation is going to get worse before it gets better. So thats going to be downward as well and we seem to have negative numbers coming on the economy as far as global uncertainty, manufacturing is down, gdp is down, slight inversion of the yield curve we have a cut on rates theres enough downward buys to see if you can pick and choose where you want to be hiding out right now. I think right now blue chip stocks with the yield is a better place to be than probably the bond market. You know, jim cramer said so we were in hong kong a couple of weeks ago. We understand the tariff story a direct impact on the u. S. Consumer do you believe the unrest, the disturbing images coming from hong kong are emotions pacting the u. S. Markets in some way i dont think the hong kong factor has been factored in yet. Thats been very underrated and thats going to play into trumps hands. Thats going to make it very difficult for people like nike and companies to pressure trump. Hes going to say, go change your supply line this is a communist country and they have a human rights issue this is also going to play into world sentiment on our side as well and make it very difficult for political opposition against trump. All of this is playing into his favor and should workout good. Well talk about gold later on in the show are you one of the people buying gold as a relative safe haven . Maybe buying treasuries with a yield at 1. 48 somebody is buying chlts go. Gold has been a trade for me. In case everything gets bad, the problem is how do you get out and do with it im not seeing a lot of inflation. Would you buy stocks ahead of an expected fed rate cut in september . Absolutely. A lot of these do very well. Their numbers have come out really well. Theyre pushing a really nice yield 6 they reduced their debt from 180 billion, 169 billion theyre on target for 150 billion. Their new content coming out this spring, the acquisition is going well they have exposure to china. Nice company i feel good about walmart and target those are momentum plays and theyre not cheap. And i still love the banks right here really good yields and you can move into the regionals. Bank looks really good you can move into pack west which has a 7 yield nice there its a nice yield and forward earnings multiples. We like it. Well see you soon thank you very much. Have a good day. Now to the story moving markets. One we just talked about the continued unrest at hong kong over the weekend, the most violent protests and Police Response the world has yet seen. This as city officials weigh declaring state of emergency for the island joining us now live from hong kong chris. We are now in week 13 of the antigovernment protests here in hong kong and they only appear to be getting more violent we witnessed battles between police that banned major demonstrations here and protestors that defied those and turns out by the 10s of thousands. Things got ugly. Some of them threw bricks and bars Police Responded with a volley of tear gas and a water cannon its something that we havent seen before, its blue dye in the water in order to identify protestors afterwards. Things got uglier when they chased a group of protestors down into a subway car and hit them with pepper spray and clubs and some were innocent bystanders according to Amnesty International looking into this right now. All of this with a message coming out of beijing from the state Media Organization there saying that, quote, the end is near for these protests. However they didnt say exactly how these protests are going to come to an end now everyone here is hoping that doesnt mean china is about to resort to drastic measures meanwhile, protestors are still out on the streets by the thousands right now in front of the Central Government of hong kong. When youre there, can you get around there were some metro stops that were stopped by protests and by the Police Response. They were attempted to shutdown at the airport is it possible to do, i hate to use the term business as usual, but could you get to work during the day . Its more complicated than it used to be and thats the plan on the part of the protestors. To make life more difficult. Thats their goal to get the attention here in hong kong and to get the government of hong kong to pay less attention to pressure coming out of beijing brian. Chris, we appreciate it thank you very much. When we come back here on Worldwide Exchange, the latest on the slow moving Hurricane Dorian as it continues to pummel the bahamas. Now a live report is next. Crisis in the u. K. , Boris Johnson issuing a brexit ultimatum and a major shake up at saudi aramco as the kings son instills a top ally at the top of the cpaomny a very busy hour still ahead as Worldwide Exchange returns so, every day, we put our latest technology and unrivaled network to work. The United StatesPostal Service makes more ecommerce deliveries to homes than anyone else in the country. I can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Five states are under a state of emergency as Hurricane Dorian continues to batter the bahamas. Jay gray joins us with more on what is an incredibly powerful and slow moving storm, jay. Yeah, and the slow moving part is what is frustrating a lot of people now. You have to feel for the bahamas and the people there suffering through this for more than a day at this point. We are in savannah right in the middle of the forecast cone. What were looking at is the storm just not moving at this point. So its just slowly inching but well take aim at the u. S. Coast at some point. Now the latest advisory says that will happen a bit later this morning when it should begin to be a bit more in earnest. It will basically shadow the coast, florida already feeling some of the effects will get more intense and then if it continues on this current path, we should see the storm sometime Late Wednesday into thursday morning just off the coast here. Some areas will still see Hurricane Force winds. Also they will get some of that storm surge and of course the rain that will combine because some flooding along the coast. Right now it looks like the storm is going to continue to inch along could make landfall in North Carolina at some point late in the week thats not very clear either its just been such an unpredictable storm and right now its just not moving. Just over the weekend, jay, some states had set both lanes of an interstate going out of town the police said theres no going in to some of these places were going to open up all the interstates to one directional traffic. Are you seeing people leaving the area where you are the other coastal areas near you . Yeah. Absolutely we have seen people leaving, moving to higher ground. Thats been the case here as well the evacuations will continue today. Everything is pretty much shutdown everyone cooperating except dorian. Jay, we appreciate you being there. Stay safe. Thank you very much. Thanks, brian on deck, a brexit show down. Will the u. K. Have the third election in under five years Prime MinisterBoris Johnson digging in 2. 9 trillion. The u. S. Government says thats how much insured property is vulnerable to a hurricane in new york florida, the same as Hurricane Dorian sets its slow moving eye on the southeast rba rhtft ts. Principal i can tell you this. When one student gets left behind, we all get left behind. This is a problem that affects each and every one of us. Together with ibm, we created a whole new kind of School Called ptech. Within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. You know whats going up today . 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We just showed you dow futures, they are down 168 points right now in the meantime, both sides are digging in politically in the u. K. The casualty, maybe the economy and the currency more on a situation that at times could see more fiction than fact. What were seeing at the moment is more pressure on the brexit center here more and more polarization essentially whats happened over the last few days is members of Boris Johnsons conservative party is theyre prepared to vote against the government and what they would like to vote through is legislation today that would try to block the possibility of a no deal brexit. Now Boris Johnson as the new Prime Minister said that having that as a credible threat is the only way he sees his negotiating team in brussels getting a better deal at the european j e union ordeal he or parliament could be happy with. Its goingto be very difficult for him to remain as Prime Minister this legislation today, the government is saying if you vote against it, if we lose on this legislation, well treat that as a confidence vote meaning theyll be preparing for elections potentially as soon as mid october. Boris johnson is playing with political fire because i seem to remember not too long agatha calling an election did not turn out well for the incumbent your memory spans at least two years. She didnt do well too. She lost her majority and based on the polls were seeing right now, it shows the conservatives with just 33 . They lost support to the one issue that sprang up earlier this year and as they went to the polls, one of the concerns would be to stave off that threat from the right. The opposition parties, and the two largest parties here and although Boris Johnson is struggling with a Single Person majority inside the building behind me, it could get worse were he to call an election or not succeed in that vote we appreciate it. Thank you very much. All right on deck, china fears rattling markets. Futures down 181 bond yields falling again as well maybe forget stocks for a moment why your next guest says golds winning streak may be only the beginning. Coming up right after this servicenow put our workflows in the cloud. This changes everything. Youre right sir. Everything. No not everything, i mean youre still blatantly sucking up to me gary. Brilliantly observed, sir. Always three steps ahead. Six steps ahead. Sixteen. So many steps. You done . A million steps ahead. Servicenow. Works for you. I decided that i wanted to go for Electrical Engineering and you need to go to college for that. If i didnt have internet in the home i would have to give up more time with my kids. Which is the main reason i left the military. Everybody wants more for their kids, but i feel like with my kids, they measurably get more than i ever got. And i get to do that. I get to provide that for them. All right. Welcome back more on the terrible tragedy up the coast as more victims have been found in the diving boat fire over the weekend. More on that with Francis Rivera in new york. Good morning to you we start with panic overnight at Newark Liberty airport in new jersey between 150 and 200 passengers fled terminal a after they were told to evacuate by Airline Attendants a Flight Attendant became alarmed after speaking with two men at a gate. The airport sent out a tweet saying there was no threat travelers were able to return to begin searching for their luggage. The two men are being questioned as well as the Flight Attendant that triggered the alarm. Tragedy striking in northe california dozens of people are feared dead following a dive boat fire 8 bodies have been located but the death toll could climb to 34 33 passengers and one crew were trapped below death. Five crew members on the upper deck jumped overboard to escape the flames and used a dingy to reach another boat for help. Now, the us. Open with the reigning singles champs on the mens and women side have been eliminated after Novak Djokovics bad shoulder put him out and naomi osaka couldnt overcome a hurt knee those are your headlines for this tuesday. Thank you very much trade tensions and hong kong violence set to hit stock. Futures are down 180 right now well have a live report on the Economic Impact of the trade war live from china coming up and then are we going to talk ourselves into a recession in an other wide Pretty Healthy economy . We might and later, a huge shake up at the worlds biggest economy and the kings son has an ally to top saudi aramco do you have concerns about mild memory loss related to aging . Prevagen is the number one pharmacistrecommended memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. On a scale of one to five . One to five . Its more like five million. Theres everything from happy to extremely happy. Theres also angry. Im really angry clive actually, really angry. Thank you. But what if your business could understand what your customers are feeling. And then do something about it. Turn problems into opportunities. Thanks drone. Customers into fanatics change the whole experience. Alright who wants to go again . I do i do i have a really good feeling about this. Its tuesday september 3rd and youre watching Worldwide Exchange here on cnbc. Welcome back welcome to september thanks for being with us on cnbc we had a pretty good week for stocks last week one of the best in months. One of the best in years but not looking like the Forward Momentum is going to carry over. New tariffs taking hold and thats taking a hit at stock futures and dow futures. Theyre off 210 points and as stocks sell bonds get bought we have a negat