Known name to mall goers files for bankruptcy its monday, september 30th and Worldwide Exchange begins right now. 5 00 a. M. , good morning, good afternoon, or good evening and welcome from wherever in the world you may be watching. Im Brian Sullivan thank you for being with us here on cnbc. This hash a pretty decent month for stocks, not great but decent the dow was up 1. 5 coming into this morning doesnt sound good, but keep in mind september historically the worst month of the year for stocks and we could add to those gains here we are seeing dow futures up 95 points today s p and nasdaq also higher at the moment in the asia markets, green on the screen there as well lets get a check there. You can see japan fell but the hang seng in hong kong thats relevant because of the protests Hong Kong Market continuing its march higher despite what is happening now for 17 straight weeks. And in the european markets, again, not a huge trend this morning. There we go. Lets bring the european markets up you can see a mixed bag here waiting on data points to get things moving. Mixed trade there. Meantime, on a macro level, the u. S. china trade fights continues now for a year and a half to dominate the Global Markets. Now, on friday, stocks dropped amid reports that the white house is considering limiting American Investment into Chinese Companies. Eunice yoon from washington with the latest here. Eunice here i am in beijing, brian but it was a really rare move the Foreign Ministry actually reacted to the comments in the reports that appear to be happening out of the Trump Administration saying that any decoupling of china and the u. S. Would harm both sides and cause instability in Global Markets. Now, analysts here have been talking about this and saying that if the Trump Administration did go ahead with this move, it wouldnt necessarily be so harmful to the Chinese Foreign investors more broadly dont have a very big role in the chinese stock markets here and then on top of that, beijing has been really pushing its own markets as an attractive place for Chinese Companies to list. And if you remember, only recently that china launched its own nasdaqstyle exchange. So, separate to that, we also had some Economic Data out, the pmi both the private one as well as the official. Both of them looked relatively good, some modest improvement for the most part, new orders swung back to growth the private survey, showed that factory activity grew at a 19 month high and all of this coming just ahead of a massive celebration that were expecting to have tomorrow, october 1st, when president xi jinping is making a big address to the nation you know, sorry about that, eunice i just thought i hoped you were in washington but then you would be closer and just take the train up and come see see how i just backed out of my own mistake. Any way, tomorrow obviously 70 years of communist party rule. How big of a holiday is this expected to be in china . Reporter well, this is a really big event actually the celebrations even started today. So president xi jinping with with some other tom commune kais Party Leaders at Tiananmen Square he laid a wreath to commemorate and memorialize some of the past heroes of chi that, but the big festivities will take place tomorrow part of that is going to be a massive military hardware parade here in beijing and along with that, a big party for the communist party in the evening and its a way that the communist party is using it to really market its own achievements so, theyre talking a lot about how china has been so successful under communist party rule, but you mentioned washington the parade here is not like what you would see in washington. There arent going to be a Million People on the mall you know, eating hot dogs per se if it was july 4th instead the Public Participation has been heavily restricted. In beijing, large parts of city will be shut down. We just to a personal anecdote, our office oversees the parade route. And we are not allowed to open the windows. Were not allowed to go on to the balcony and i think its a way it really just goes to show how sensitive the government is about some would say paranoid about anything going wrong, anything that could be potentially embarrassing for the government. They just want to make sure that its totally orchestrated and nothing goes off script. Brian . Youre not allowed to open the window no. No we were even told that we were going to have to not we wont be able to use the elevator in our building, so we have to walk up eight flights of stairs its very extreme. Theyre nervous about it not sure how i connect the elevator in our building to the Chinese National day parade, hey, its their parade and they can do what they want apparently eunice yoon, wear track shoes tomorrow thank you very much in beijing. Its a big week. Its a big rest of the year ahead for investors, of course, we close out the Third Quarter today. You get a little bit of data but then of course on friday you get the monthly jobs number. Still, lets bring in global chief Investment Officer at ubs Wealth Management and mark is my officially guest of the week and also my first guest of the week because any man who references the classic apocalypse now movie in their latest Research Note is okay by us you talk about helicopter money. What do you mean by that and what are your concerns right now, mark . Well, thank you for that wonderful opening. Ive got to say, youre my favorite host starting with the g r this week. Wonderful. Nice. So, look, i think what were referring to is the press conference with mario draghi where he was asked about helicopter money in europe and he said that is a fiscal matter. That is one for the politicians. Although i think that fiscal policy is needed and hes followed up on those comments about what he thinks it will take for europe to move their economy ahead. And its not based on Monetary Policy and so what were saying broadly is that Monetary Policy now can help us on the downside, probably prevent Something Like a recession. But for the upside for risk assets, the upside for equities, we are going to probably need some fiscal stimulus or better data to drive returns from here after a great year well, whats interesting and by the way thank you for that, mark whats interesting is that globally youre recommending an underweight on stocks, but theres a caveat, you believe the United States equity market will do proportionally better than other places from a stock perspective. So does that mean you expect us to fall less or do you think the u. S. Markets can still gain more well, i think broadly around here may be flat, slightly up. But you know maybe a little down not kind of lackluster. Where we would put our overweights right now is on credit and getting some yield. We still see a tremendous demand for yield from our clients so on a risk reward basis, we would like to clip some coupons into the end of the year until we see either the Economic Data improving or we do get a trade deal thats why i think you have to hesitate on what the equity markets are going to do because we acknowledge that if we do get a trade deal then the picture looks somewhat different. Well, where can we find yield right now . I think thats the great Scavenger Hunt globally, mark. There was an article in the wall street journal yesterday how some high end clients are buying things like cocoa and butter futures anything you can do generate any kind of return where are you guys at ubs seeing that right now yeah. Well, we would point investors to tips. We would also look at u. S. Dollar denominated emerging market sovereign bonds having a yield pickup and then also to a basket of em currencies have a higher yield than some develop market currencies so youre right that investors are looking more globally for yield even in the United States. Yeah. You also recommend we havent heard this much at all, mark, something called tips. Im not talking about what you leave at a restaurant. Im talking about treasuryinflation protected securities now, what i know about tips is this, is that theyre safe when inflation goes up. They can gain a little, but youre not going to ever get a big return on tips does that kind of sort oif guess from a 30,000 foot perspective sort of sum up what youre talking about here, take what you can get type of return market i think that it is a market not just over the near term but over the medium term where investors are going to probably have to accept lower yields and lower returns because some of the fiscal stimulus that we saw after the u. S. Tax cuts has come out. The very low yields on debt globally mean that weve taken weve take an lot of the returns forward now, pushed by the fact that discount rates have fallen already. They probably cant fall that much further mark, out of ubs out in zurich switzerland, perfect time have a great week. See you soon thank you. When we come back, Hong Kong Police clashing with protesters now for the 17th straight week latest unrest coming ahead of Chinas National Day well show you more of the video. Plus a major fire breaking out at a new multibillion dollar train station in saudi arabia. Well tell you why there are more questions than answers about that this morning. Later, the House Intel Committee says it has reached a deal to have the trump ukraine whistleblower testify likely this week. What investors need to know about this big political story when Worldwide Exchange returns 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. Good morning and welcome back it is 5 14 a. M. Here 5 14 p. M. There in hong kong well, there may have been more protests there over the weekend. Well get to that in a minute, but that did not stop markets from running and new buyers to find an ipo. Shares of beer maker ab inbev the old budweiser bush raising on its second day of trading this is the second largest ipo in the year behind uber. Its a major test of informser sentiment amid those protests in hong kong. If so, it apparently passed with relatively good grades. But it was not all good news from hong kong protests there taking place for a 17th straight weekend and once again they turned violent as protesters and demonstrators clashed. We are live with more from hong kong reporter good morning, brian. So once again we saw one of the fiercest urban street battles i should say between the protesters and police this past weekend. And certainly an ominous setup for National Day Celebrations for beijing tomorrow, by the way. And of course, you know, beijings celebrating that occasion and a lot of hong kong protesters are saying that theyre going to mourn that part of occasion. So of course what youre looking on in some of the video footage certainly goes to show how the protesters are not really coming down in their intensity. We saw some of the hard core protesters setting on fire the entrance of major mtr stations a lot of anger have been directed toward mtr operators because some of the protesters suspected that they the operator is actually colluding with the Hong Kong Government. So thats really the mood of the weekend in the leadup to this celebration. And what youre looking at behind me is the traditional venue for the Handover Ceremony as well as national day ceremony, but a lot of elements of tomorrows celebrations have been scaled down chief executive carry lam will be in beijing for the ceremony the fireworks have been cancelled because of the mood of hong kong and also the flagraising ceremony scheduled for tomorrow is going to be moved indoors, basically guests will be watching that event flag raising ceremony on a screen brian . Chery, we talked about it a couple weeks ago when we were there, but what are the protesters still asking for. They have their five big demands. Have they shifted . Theyre still looking for the same things they were a couple months ago and theyre determined to get it reporter not at all. They are asking for five they got one but theyre not backing down, saying no less not one less demand here. And you know, when you look at the demands, Something Like duel universal suffrage some outside of hong kong may think this is about independence its a tiny majority its about having a Hong Kong Government that cares about and represents the people of hong kong thats really the main idea here Going Forward, driving this protest. And i think there is that sense of a frustration or anger towards police because they feel like the police is not really on their side and rather working for the government to really clamp down on this protest when it comes to, of course, Chinese Government versus hong kong people and hong kong protests, i think they want the Chinese Government as well as the Hong Kong Government to really accept this idea that hong kong, yes, perhaps it is a china, part of china, but it is a different part of china. Brian . Chery in hong kong. Thank you very much. On deck, videos you have to see. A massive fire burning down a brand new multibillion dollar rail station in saudi arabia later from saudi, back to hong kong and beijing and washington were going to talk about all the mornings biggest stories with a chair of the Financial Times u. S. Editorial board gillian tett were back on worldwide exchgerit tethan ghafr is so. How are you feeling . 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. Think you need to pay prestige prices for better skin results . Try Olay Regenerist. The rich, hydrating cream is formulated with vitamin b3 and peptides to plump skin cells, brighten, and visibly smooth wrinkles. In fact, just 1 jar has the hydrating power of 5 jars of the prestige cream. For visible results without prestige prices, try Olay Regenerist with a money back guarantee. And complete your routine with the olay eye collection. Brand power. Helping you buy better. Thats where i feel normal. Having an annuity tells me my retirement is protected. Learn more at retire your risk dot org. You should be mad they gave this guy a promotion. You should be mad at forced camaraderie. And you should be mad at tech that makes things worse. But youre not mad, because you have e trade, whos tech makes life easier by automatically adding technical patterns on charts and helping you understand what they mean. Dont get mad. Get e trades simplified technical analysis. All right. Welcome back we have a number of big stories coming out of saudi arabia this morning. First off, check out this video after a fire breaking out at a new high speed rail station in the coastal city of jeda that fire was brought under control after 12 hours, but most of the station was destroyed now, this is part of a 280 mile railway that links the two holist cities in islam with the red sea city of jeda now, this station was opened last year. It cost more than 7 billion to build. And the rail link was part of the key part of the kings vision 2030 economic plan. In other news, also from jeda, the personal body guard of king solomon was shot and killed yesterday. State run medimmediat media says involved in a personal dispute and was shot at home the deceased was not just a body guard, he was also one of the highest ranking generals in saudi arabia that is not all for the kingdom. Crown Prince Mohammed bin solomon is blaming iran for the attacks on Saudi Oil Fields earlier this month here is mbs on 60 minutes reque request. No sound bites one of the things he said is he thought oil prices could skyrocket in the next couple months and years if the situation with iran does not calm down. But he did say he prefers a peaceful solution and warned that a military confrontation could even collapse the global economy. Coming up, the anonymous whistleblower at the center of ukraines probe is now likely to testify before the House Intelligence Committee as soon as this week but dont expect to learn his identity and then, snow now . An early fall storm pounding the rockies. Its 90 degrees in new york. Video you have to see to believe when we come back. Upbeat music no coverup spray here. Cheaper aerosols can cover up odors in a flowery fog. But febreze air effects eliminates odors. With a 100 natural propellent. It leaves behind a pleasant scent youll love. [deep inhale] freshen up. Dont cover up. Febreze. I thats the retirement plan. E, with my annuity, i know there is a guarantee. Its for my family, its for my