Has been quitegh sensational. Esea the chin market yesterday set a different tone even though people talked a lot about the level of intervention by the Chinese Government. Equity markets changed in a looks like the risk has been revived. Guy i think the last hour so much as happened. You had the military finance line come out of china which is really interesting. That has overnight given the market and nice lift. U. S. Futures appointing to an open, but that is today story rather than yesterdays. Anna some strong moves. The s p 500 gaining, making it secondbest again this year. I guess nos of rise making a big move no surprise making a big move. Technology in health care are the sectors that built up yesterday. Guy longerterm, you will see we are still significantly down. Yes, we bounced back sharply. There are a lot of things to factor in. We are waiting to see what the fed will do. This line from the chief economist of the world bank is absolutely amazing. He talks about the idea of a fed rate rise, despite being anticipated, could cause panic. Anna some panic and turmoil in emerging markets. Rate rise trigger panic in the world of the world bank chief in the words of the world bank chief economist. Guy lets talk about the moves we are seeing in asia. Tokyo turned around. Lets find out exactly what is going on. Shery ahn is standing by for us. Shery good morning. It is an incredible rally across markets in asia. The benchmark index raising the most in four years and yes, led by the nikkei. China. Been set by it is going more than 1. 9 . The index getting all 3 . We have speculation authorities are trying to prop up markets. Goldman sachs saying authorities have been spending more than 236 billion trying to top off the markets which is causing momentum. It is rising 2. 3 . Australia gaining 1. 6 despite some disappointing data showing that Consumer Confidence actually plunged in september. Not to mention some new home loans growing at a slower pace than expected. New zealand rising more than 1 . We have the meeting tomorrow and they are expected to cut the key rate by 25 basis points. Lets take a look at the nikkei because there is a surge across the board. All stocks rising today except for toshiba which has the accounting scandal going on. Today they said they will hold an extraordinary general meeting at the end of the month. After seeing this surge the nikkei lost all of this years gains yesterday. Probably a little bit of bargain hunting, but also being helped by weaker yen. We are seeing the yen declining because of this gaining of three consecutive weeks. We have the japanese yen will actually gain on an annual basis. It is now doubling for the past month. But, we have seen some weakness this week and that is probably helping stocks. It is making the japanese yen less of a safe haven. The australian dollar, we are seeing a different story, gaining for three consecutive sessions. It fell for the past month, even below the . 70 mark, but now gaining momentum, backup 4 10 of 1 . The image right now in asia a rally across the board. That to you. Guy thank you. Shery ahn joining us from hong kong. Stay with kong countdown. Swiss this list should W Engineering bay giving out the performance. They are concerning their guidance for the Second Quarter but going into the details, they are cutting back their guidance on revenues. They are cutting their targets to 2020 average annual Revenue Growth to 3. 26 . Just a small downgrade. But the reasoning behind it, some slowing Industrial Production growth which is lower than forecasted. All the conversations they had been having. Guy especially on the oil sector. Two things we have been seeing as of late. We will talk to them later on. Obviously competing with Companies LikeGeneral Electric and in europe. Ceo will bes joining us later in the program. Anna the European Commission president will give the state of the European European Union address today. Troops tois deploying with water. Its water its border. Hans nichols is in berlin with the latest. Fill us in with the latest in the last 24 hours. Hans it seems as though denmark has become a flashpoint. Overnight, there were reports that some trains from germany were not making it through to denmark and officials and denmark are saying they want to register refugees and or migrants because if they do not theyll will have to deport them, but some people do not want to be fingerprinted because the ultimate goal is sweden and they dont want to become potentially in the applicant process. From angela merkel, we heard strong rhetoric from her. Her government attempting the cost could be 10 billion euros. A couple of days ago, it was 6 billion euros which they set aside for 2016. Hungary has deployed some 4000 and are planning to deploy 4000 troops to the border to accelerate the building of the fence. Officials are calling the situation extremely grave. The High Commissioner for refugees says the commissioner of situation is manageable but they say response has been extremely disorganized. Clear that this is a serious crisis, but to me, it is also clear if europe would be probably organized, it would be manageable. Im talking about 4000 to 5000 people. In a union that has 508 Million People. We have thousands crossing the mediterranean which is less than 1000 of the european population. Hans among the things that stay, free travel within the area. That is really what could be potentially endanger. You look at what happened in denmark over the last 24 hours and you have the Danish People party which is the conservative right wing party they are in coalition with the Prime Minister. They feel is the way promise was made by their Prime Minister to the German Government to take just 100 of these refugees of the 4000 in hungary and they say that plan was never run by them. Here is the issue in the last 24 hours, 800 potential refugees have come through denmark. The promise they are upset about is quickly overtaken by them. Guys . Guy hans, thank you very much. Hans nichols, ahead of the state of the union speech. Anna apple posts its annual s splash in San Francisco. It is expected to unveil its iphone. The head of digital is here. Nate, good morning. What should we be looking for . Apple is still very much about the iphone, isnt it . Nate a pretty safe bet we will have a new iphone. What is quite interesting about the rumor mill talking about is this phone will incorporate a new type of technology that will allow the screen to know how hard you are pressing it which may not sound as impressive as it actually probably is. This is technology they have had in the recent laptops. But it allows the third i mentioned of interact third dimension of interactivity. This is something that produced with the apple watch. That is something they are looking out for. This is the thing we are going towards the direction where it is onebutton. This, you know, only talk about the direction, they are going towards the direction where there arent any more guy . What about the software . 9 is the next version. It is more of a refinement of the existing look and feel of things. It is not a major update. There are a lot of tweaks. Next the phone run a bit faster. The real emphasis is on the iphone hardware. The real elephant in the room will be apple tv, we expect, which is expected to take something of center stage. Guy a hobby project . Nate for quite a while, but it will be become less of a hobby and morbid focus more of a focus. Apps for apple tv which is something that has never happened before. It will allow apple to go against the console makers sony, microsoft. They have had a very nice time being underneath peoples televisions. Apple has been in the background doing nice things with television and videos. While we are talking about singing were expected, what room what we are going to see siri activated, command interface. We are also talking about will have much more integration with the games companies, software makers, a massive new direction. Anna talking about games and television and innovation on both fronts. That is something the whole tv project is trying to convince tv companies to make it. Thingst is one of these that apple is generally targeting region by region because of this incredibly complex nature of tv rights. Apple is in a good position from the outset worldwide is unleash the app store product platform on apple tv. It is expected the system will run very Similar Software to what is in the iphone and ipad which means developers are pretty used to making programs for the apple tv. Small tweaks could open up this entire world of applications. Guy this becomes a home hub. You look at what google is doing, devices around the home that control things. You plug it into your network and off it goes. You can do laps that apps that control things. Nate that is what apple has been doing on the phone side. That is the platform for everything from certain my lights on, please, do everything you mentioned. There are lots and lots of companies that are investing in this, not just apple. Samsung was showing off last week its smart thing platform which is a rival to home kit. These support platforms from somebody different companies, honeywell all the companies you would expect in the home market these companies are saying come to us, we will support you. Anna we are speaking later to abb, and they unveiled a voice activated system. Guy thank you, nate. There was appeased this morning saying apple was in talks. How much is the right . Ent . Apparently 12 Million Euros a year. Anna 40 minutes past 6 00. We will be live in San Francisco which kicks off at 6 p. M. In u. K . Time. Guy markets in asia rallying hard. The trickiest he has ever come across. I think it is probably the most difficult investment landscape in my lifetime. What that means is in terms of private equity there is opportunities. The opportunities are quite shortterm. You really have to grab them to execute them quickly. Guy we have more from that interview a little later on. Anna a conversation with Warren Buffett in all the stories you need to know when we come back. I think it is unlikely it has slowdown but it always can. You look at history and has not been a straight line. But, when i look at is five or 20 years out and there is no way that america will not make progress, china will not make progress, europe one not make progress over that time. Guy that was Warren Buffett talking to bloomberg about why he is not worried about the longterm outlook. Interesting. Anna 18 minutes past 6 00 in london. Here are the stories you need to know. Plans to deal with the on president in wave of refugees. The plan to resettle 120,000 people will be announced in the state of the union speech. We will bring you breaking news which starts at 8 a. M. U. K. Time. Anna passengers were rushed to safety after a jet caught fire at the las vegas airport. And billowing flames and billowing clouds went into the air. All passengers and crew members were safely evacuated from the plane. Only two minor injuries were reported, from Mccarran International airport. Guy staying in the aviation arena pilots of a german carrier are striking for the second day after a call to block action. More than 1000 flights have been canceled over half were canceled yesterday. Anna earlier, we told you about the world banks latest warning for the fed. A rate hike could cause panic in emerging markets after the chief economist. Lets get a view from the markets. We are joined by peter from swiss banks where he is head of market strategies. That weyou make of this could see turmoil in the markets and some panic and turmoil in emerging markets . Is that obvious or is that a story . Peter it is a story that continues weve all. Raisesa that if the fed 25 basis points, all of a sudden, everyone will start panicking and selling off their emerging markets currencies. I think that is a little bit overstating because that is not the type of panic or crisis were seeing unfolding in emerging markets. We are actually seeing a relatively slow, you know, tidal wave of concern in emerging markets. You look at ever since bernanke made mention of raising rates tantrum weve seen a steady depreciation of the asian emergingmarket currencies. 10 , 15 which is slowly eroding confidence in emerging markets. We are seeing that repayment increasing. So, the type of crisis we are seeing is much different than a panic 19971998. Guy this is the most telegraphed fed rate hike in history, ever. Peter i thought it would be coming out that it. You are right. 25 basis points, we are not talking about 50 or 100. Maybe not. You are right. It is the most telegraphed it reminds me of austin powers were the guys getting run over by the slow and you screaming for five minutes. That is the emerging market panic we are seeing. It is not going to be 25 and all of a sudden people realize, but it is a slow evolution of depreciation of emerging market currency which is very real and i think is becoming a real problem. Ratio seeing debt to gdp at the highest market highs level since the 1990s. It seems to be the structure, the condition seen to push to further weakness in the emerging markets. There is a real concern these spiral into some kind of crisis. Anna september then or december . Peter yeah, yeah. I think the data supports a december hike. Anna even with inflation . Peter yes. I think there is a need for the fed to begin preparing for other even to allow the and have even ttualities. Anna is that a weird argument, because it seems you should hike to cut . Peter it is. I believe you have to have in your toolbox in order to defend yourself from the market wa forces. It lends itself to how the inability of Central Banks really to drive policy at this point. When people are so concerned about 25 and using it as it excuse to cause market panic and volatility and stopping you are policy decision, i think that is a new type of debate that needs to be had. Guy thats what the monetary side over there and talk about the fiscal side. China overnight coming out with a bunch of lies about what it is going to do. One of the things was it will carry out stronger proactive fiscal policy. Are we going to see a authority in fiscal policy . Peter i think so. It will start in china and spread. We recently guy even with the debt . Peter even with it. Japan just cuts Corporate Tax rates as well so it is getting this money back into the system. It is great way of doing it and it is quick and direct. I think the problem with the china situation is that other types of structural changes are drawn out and what china needs now is a stopgap today. Things like fiscal yes, exactly. Something in there to get the fire going and things like fiscal spending goes readily to that. Anna you said it will spread, so where . What is causing this frenzy for fiscal stimulus . Earlier,ke you said you have the g20 communication where fiscal bank policy will not be used for fiscal currency. Fiscal banks will have to look to other places in japan is one of the key areas where fiscal spent enormously, but they will have to do that, because it is doing more monetary easing. It seems to be the driver that will help ergonomics continue to push forward the story of recovery in japan. Guy what does that mean for my investment . Peter it depends on what you were invested in. Guy lets start with a blank piece of paper. 100 now peter despite the turbulence in china, the overall sort of easing monetary conditions mean that the equity market story is relatively intact. Perhaps you will not get the bump you saw over the last six years instead of the amazing rally, but we still think we will continue to see improvement in developed country marketing equity markets and europe will be a primary mover. Equity markets in europe will continue to improve as ecb moves towards easing bias and continues to stimulate monetary policy. I think equities are still a good bet. Even if the fed raises, the rate of increase wills will be such a slow slope that it will not have such a profound effect especially inequities, when they returned somewhat higher than bonds that is. Anna thank you for joining us. Peter, head of market strategy. Guy coming up, the most recent wave of immigrants in the u k as not only affected the british economy all but also the treasury of billions of dollars, according to our next guest. The refugee crisis and crunching the numbers when we return. This is counting down to the market open and counting down to the start of the speech later on. Anna welcome back. Sihere are the stories and need to know. Guy the plan to deal with the unprecedented waves of refugees. He plans to settle 120,000 people will be announced in the speechwriter. We will bring you the latest news. 8 00, u. K. Time. Is expected to unveil the newest incarnation of its most important product. Iphone, ipadl the and new operation system. Guy alibaba hasnt tripped of the crown of asias biggest internet company. Despite 140 billion of the stock value. Australia will assemble 12,000 refugees from syria and thiraq. Tony abbott has pledged 30 million to aid agencies in the middle east after being criticized the u. N. The australian airport has been authorized to expand its bombing operations in iraq and syria. Israel is the biggest beneficiary of this deal in the region. And i think he knows what he is talking about. Caroline asia is continuing to do so today. Lets look at the nikkei. Best rally we have seen in japanese stocks in four years, up more than 5 on the day throughout more than 4 over the course of the last three days this bite the selloff we saw yesterday which signifies the gains. Suddenly, back on risk appetite. We are seeing the rally we saw yesterday. Hundredand the us but the s p 500 had the secondbest day. It is all of the optimism that the Chinese Government will be able to stabilize the financial market. That is what is kickstarting the surge that is continuing. On the flipside, lets look at how the volatility is falling. Vix, the fear index, down significantly. Dropped 10 yesterday. We can see the heady days back in august when we saw the significant selloff in china riffling through the world market. Now we see a deterioration and a callinming. We are seeing a selloff of u. S. Treasuries. You are seeing the emerging markets, the us trailing dolla