And it is breakfast or bust. The latest fast food chain to cave on the i need my bacon in the morning phase. If you want breakfast, you are going to get it at that chain. Welcome from wherever in the world you may be watching. I am brian sullivan. It is the event everyone will be watching today this is by invitation only apple set to make a major unveil what exactly does tim cook and company have up their sleeves today. Lets see how the rest of your morning markets are shaping up it is not looking that way now dow futures are off. Apple is a big part of that story. The bond market has been ticking higher that continues with 10year note yield at 1. 63 yield. That gap continues to grow around the world, japans nikkei rose shanghai, their market fell a touch. Producer prices in china fell in august by their biggest month over month drop in three years in europe, the macrotrade there is lower they are all down. A lot of red not a big drop in europe lets talk about the macromarkets including one interesting trend you may not have noticed joining us now is dave, managing director and head of products at direction. You noticed the trend. Dont give away too much we are going to do it later on despite the downed numbers, investors made some big shifts internally thats right. However a big diverge ans occurred one of the biggest weve seen since 2009 investors will look ahead to see is this just a trend or move towards value. What do you think was this just a wondoneday wor we saw the big rotation from a Money Movement perspective it feels more like a short coming we know Growth Stocks have had a tremendous out performance over five years, ten years, 20 years. Everybody loves the faang stocks of course what is important is the move in rates. We have an inversion in the yield curve for august if you came back in september, it was like it didnt happen this move is more about a potential normalization of Interest Rates that didnt really tell you that is back. Can you define normalization . I think i would be smarter than most out there, not saying i am it is important to clarify what is the driver here inflation continues to go down. That is what everybody is worried about. Well get numbers out of the u. S. This week the question really becomes is does inversion stick around for five days or 30 days that is more of a concern. With all due respect to other segments one day, it was inverted it is not if it inverts but how long exactly doesnt mean ignore it can it happen again, if its one or two base points out, does that matter here no. Thats really what drove people as an issue. It came on the heels of a poor manufacturing number a couple of days later, services with the impact. We are in kind of a mixed environment. There is so much uncertainty out there. The bigger trend in this rotation this huge run and upside you are starting to see your clients make serious bets against gold minors. Allowing traders to take amplified bets on expose youres. We are seeing the bull and the bear we have seeing major inflow from bearish funds and out flows from bullish funds. There is a lot of skepticism there. If you are putting your money against gold minors and shorting the other size, you have to have some convincing to do that in the last couple of days, some of those bets might turn outright exactly thats how we see these products used on the flip side as well. If we continue to see that trend play out, maybe this move in rates is the real thing. One day does not a trend make we appreciate you coming on. First, we begin this morning with breaking news out of the World Energy Congress. Ceo of saudi aramco getting bum rushed by reporters. Dan murphy was in that scrum what did he have to say, dan reporter we have some developing news from the World Energy Congress here the ceo telling me moments ago that this company is now ready to go public as soon as the chief share holder, the saudi government is ready. Weighing in on this appetite he said interest is skyrocketing listen in. Do you have a preference for the location at the moment as always, as i say, share holder will decide we are ready to list whatever they decide. Any thoughts on a time frame . As highlight his royal highness, i leave it at that reporter so brian, these things are always a bit rough and tumble not so much clarity on where that secondary listing will take place with new york, london, hong kong and tokyo in play. Also asked how much money aramco is likely to raise no answers there he stopped short of giving us information on who has been appointed to advise on this ipo. I asked exactly what is happening with governance. This is a huge issue into the worlds most Profitable Company likely to go public perhaps next year he said governance is no longer an issue since we have seen the former governor removed and replaced with the head of the countrys investment fund. Essentially one step forward in separating church and state at aramco thank you for that. When we come back, trade tensions and more pressure on china to perhaps prop up its economy as a key indicator, sees its biggest drop in years. Trouble in dearborn, michigan and well talk with an early investor in juul an ierntesting hour ahead. We are back right after this no matter what i wore, i worried someone might see my bladder leak underwear. So, i switched. To always discreet boutique. Its shapehugging threads smooth out the back. So it fits better than depend. And no one notices. Always discreet. Hey. You must be stevens phone. Now you can know whos on your network and control who shouldnt be, only with xfinity xfi. Simple. Easy. Awesome. Welcome back. 5 12 here. Looking at hong kong, 5 12 p. M. There. As chinas macroeconomy slowing down it could be. Chinas Producer Price index fell at the sharpest rate in three years. Primarily slowing demand abroad and at cope. Chinas cpi, Consumer Price index did rise last month, in part because pork prices soared. That that pork disease going around this could pressure beijing as the trade war with the United States escalates talking all of this with chief economist. Welcome. Quite a tale of consumers. On one hand, consumers are paying more, manufacturers are paying less. What does that tell you about what chinas government might do thank you very much it is a very interesting time. Number one, as you pointed, current food inflation is the main reason why cpi has been rising in the runnup to National Holidays in the key time where a lot of consumers are demanding pork and other meat substitute, it is an important time we have stablization a key word right now as weve noticed, the key concern at the moment is the lack of the command. Whether consumers or corporate and investors with a real sense of lack of command weve already seen the stimulus where well likely see more if the data continue to turn downwards. Do you think this will continue to turn downwards or will forces stabilize it a bit weve seen the rate cut this time around is a little more special not only with the cut but the liberalization of the rate on top of that, we have two more rounds selective cuts for those that are the city commercial banks or targeted towards smaller industries what weve seen is the decisive move weve seen a reluctance to sign off on further stimulus. Weve seen an increase on special infrastructure loans i dont think that is likely until at least the start of year next year. Before the end of year, if we continue to see external pressures, perhaps well see more stimulus from both monetary and fiscal sides if there was a stimulus, how would it look . What kind of stimulus do you think they would utilize at the moment, i think what weve seen is the inrtroduction of new policy because the key problem has been even if we do cut benchmark rates or lower Interest Rates, real rates arent getting lower because we are seeing the transmission of economy not functioning properly the real reform is something that takes time. What the cuts are doing is for a further certainty at the moment to the market itself, probably to another round, what well also see is a further measure on the fiscal side with local government loans and also signaling further support and if necessary, will they sign off on the necessary council. Great analysis jinny. Thank you. On deck, worries at wework as more calls come for its ipo to be shelved one outspoken tech investor says the ceo of apple needs to go step aside and make way for a new ceo that couldeiigat rnvore growth more coming up on worldwide watch continues after this. 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. Talk to your advisor or consultant servicenow put our 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. Is something going around . Ng in. Yeah, uh, welcome to cold season. [ sneeze ] you know at cdw we get that sometimes its smart to work outside the office. Thats why we would suggest the powerful, portable Lenovo Thinkpad t480. To let your people stay productive from anywhere. Wow, i feel really great about this. [ sneeze ] its probably nothing. Or something, really bad. You need it orchestration by cdw and lenovo. Featuring the intel 8th generation core processor. Its how we care for our patients like job. His team at ctca treated his cancer and side effects. So job can stay strong for his family. Cancer Treatment Centers of america. Appointments available now. Cancer Treatment Centers of america. My mom washes the dishes. Before she puts them in the dishwasher. So what does the dishwasher do . Cascade platinum does the work for you, prewashing and removing stuckon foods, the first time. Wow, thats clean cascade platinum. Welcome for a look at the names you need to know about today. Watch out for ford shares. Moodys cutting ford rates to junk status. It undertakes a costly Restructuring Plan ford blasts back saying the underlying business is strong. Next, exxon perhaps looking to get out of the gulf of mexico. Sprains repsol is looking at buying a portion trimming the portfolio no move there. Forget the beef, where is the sausage . Apparently, at wendys in the morning. Expected to launch breakfast worldwide and hiring up to 20,000 new workers to meet demand investors a little concerned about the investment they are making around the breakfast sandwich the question i have is this, will the eggs be square . Next coming up, will after fa b alphabet be cut in half . And you are not invited amazon and netflix and the Film Festival more after this. So. Whats on your mind . We are edward jones, a 97yearold firm built for right now. With one Financial Advisor per office, were all about knowing whats important to you the one who matters. Edward jones. Its time for investing to feel individual. As a 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 . My poster. Today, there are more than a hundred thousand ptech students around the world. Its a game changer. Welcome back to Worldwide Exchange a dramatic daylong rescue operation to save four trapped crewmembers is now over. The sailors were the last of 24 to be saved from a massive ship that capsized. Three of the men were stuck together and the fourth was in a control room Hurricane Dorian is finally out to sea controversy still swirling at the d. C. Ross threatened to fire officers at noaa after they contradicted president trumps tweet. California took a big step towards helping College Athletes get paid that would make it possible for College Athletes to get paid by the use of their name nba star lebron james supports the law and calls it a game changer. The senate could take a final vote as soon as today and it could go to the governors desk in california. Brian, back to you good to hear the good news about those sailors. Still on deck, one early investor in juul has to say about the growing calls for new regulation around vaping should it be outlawed . Well be back right after this applebees handcrafted burgers now starting at 7. 99. Now thats eatin good in the neighborhood at cdw, we get that trying to simplify data storage can get very complicated. But cdw will assist your needs and implement a dell emc unity xt allflash unified storage platform. It delivers speed and efficiency, while providing simplicity and flexibility. For unified storage platforms, you need dell technologies, and it orchestration by cdw. A big day for apple your new iphone 10 may already be old news. Today could bring about another new phone. Calling it off, wework what is expected to be a nearly 50 billion ipo. Now it may not happen as well. And movies from a amazon and netflix are no longer welcome in toronto. You are watching Worldwide Exchange here on cnbc arguably probably the best new song of 2019 by foals. Check it out futures are down a bit off 62 points right now. Seeing nasdaq and s p futures off the same all the major averages hovering below the alltime highs it looked like the markets did not move much yesterday. Not true coming up, well tell you why monday was trulactually one of most interesting days of the year looking at the stock that can move the market like no other. Apple. Putting on the ritz today expecting iphone 11. Perhaps a new watch and an update on tv strategy. What is likely to get the most attention from wall street with stock that is already up for the year tim lesko, thank you for joining us what are you most looking forward to today the street is wondering if well see a 5g phone we dont think so. You have to look into the phone to find out what theyve been up to a lot is made about the possibility of three cameras on the back of the phone. That would be not to just take better selfies but a window into plans for vr and ar. Well look at what well be talking about six months, eight months and maybe 12 months down the road number one, the technology is cool for our investors watching now, they care if these things they announce are going to actually move the stock will an iphone 11, a new mac, three cameras, a new watch, will it move apples shares their shares arent patently expensive. As long as stay in and show people what they can do, it can move the stock it is not necessarily a super cycle at this point. The promise for 5g is all over the media. You have competitors putting out those phones people unlikely to move to competitor phones for that reason they are in the roach motel of the u. S. Someone say the roach motel is a fivecar roche motel here i want to get your comments on this. Yesterday, the half time report were out in san francisco. One of those is a tech pundent and investor he made some pretty bold statements you got to fire tim cook. It is a disaster they havent done anything innovative since this thing. The i pods are amazing they are resting on the laurels of a legacy. They need to fire tim cook, get elon musk in there if you look at their own tenure, was that sort of the hot take do you think he has any kind of a point . I dont think he has any point at all i think saying things like that gets you press tim cook is a fantastic operator he has wonderful teams of people pushing the ball forward the watch is the best seller of watches, they are the leader in wearables. That is not to say apple continues to have the best product. I do find that some what laughable. All right, tim, i want to shift gears and get your take on a different story. 50 u. S. Attorneys general finally unveiling the investigation into google, alphabet more on this story from london this latest investigation is an antitrust investigation into google 48 states, columbia and puerto rico california and alabama are the two states not involved. Ken paxton is leading the investigation saying the states are initially focusing on googles dominance in on line advertising. It is an investigation to determine the facts. Right now, we are looking at advertising that the facts will lead where the facts will lead we are looking at businesses, Small Businesses that may be locked out as a result of what may be mondopolistic power. The questions that google has used its power to violate privacy. Looking into similar concerns with facebook. Adding momentum on the skrut piling up on tech giants the company has confirmed it is cooperating with the broader view of house tech ongoing probes around the world including here in europe little impact on googles alphabet share price still up about 15 so far this year thank you tim is still with us your take. Why do you think investors seem to be pretty much all but ignoring these seemingly big headlines. Investors paid attention when this stuff started earlier this year the state attorneys general have a point in their dominance of advertising. Whether they can prove whether consumer harm or business harm is a pretty high bar the federal government seems to be going after antitrust the continued secular move may be in the middle innings if you are in the business and looking to advertise, you may be in the middle. Google alphabet may be one of them i dont think youll see anything change towards that massive move and the advertising that will support it great stuff on apple and google thank you. Well see you soon new details on wework, the companys largest outside investor is urging them to shelf the ipo plans. Leslie picker has been on the story from the start is it looking like this ipo that was supposed to be one of the most anticipated of the year may not happen that is the key question. To break it down this early in the morning, youve got soft basoftbank on one hand. Their main reason of wanting t