6 00 here in london. Guy just a bit of a mistake, we are terribly sorry. Careless talk. The asian markets have had an interesting session. Caused by the fact that the people are questioning the great ability, starting to put out old comments linking shenzhen and hong kong. The stock Market Reaction is quite clear. Is very cleartion in the Hong Kong Exchange read he saw a big spike in the Hong Kong Exchange stock price. And that came up when we had their vacation that no, we had not found verification of the link. That is still being done. We will get the most from david on this. Before these comments were posted, we have to factor in a decent set of pmi numbers. Guy the ing numbers, plenty of things to think about on the corporate front here in europe. I am looking at the Third Quarter net income numbers, it has come in at 1. 06 billion euros versus the estimate of 975 million euros. The allimportant ratio year, fully loaded after the Third Quarter banking 11. 3 . As for the group, coming in at 12. 3 . Ing says that remain stable. I have the statement in front of me. It says that the Third Quarter results appear to be driven by Strong Performance in retail banking, lower risks, and improved margins. Risk actually declined on the back of economic recovery, that is according to the statement. Price,look at the share not reacting yet, but i can tell you that ing is up 21 year to date. Back to you. Anna we will be speaking to ing cfo at 6 45. D 3 ,a fully loade selling shares, are they going to get that back . What is going to happen . Im interestined to dr. Patrick about that. Anna david is standing by and hong kong. Where you want to start . David lets start off with a good picture that we are seeing. Delegate to the confusion that happened about midday. Shanghai, given the story were just talking about here. Asian stocks up over 1 , off of the high from the day. That being said, it is a macro story. I cannot seem to recall the last time we actually had flow this positive in a while. We woke up very good, auto sales very good in the u. S. Best in 15 years. Narrower thanrted expected trade deficits. And you had the private services pmi for china coming in at just under 52. As far as that part of the economy is concerned, it is doing quite well. Said, lets get to the other story when it comes to the Hong Kong Exchange. Kong,ning, here in hong the attention of investors this article posted on the website. Dated today or yesterday, which had comments coming from the governor on the stock connection between the Hong Kong Exchange and the other shenzhen exchange. Clarified byments the governor, that they were taken by a speech from may. Following that, you are looking at the stock price here. A came up during the lunch break and said, we do not know why the stock is moving this much. Theres been no agreement just yet. And really, i guess the idea from the market right now, it should not be this year. No idea this was going to happen. At this point, we are still up for. 5 ,. That is a story when it comes to this. I think we still see gains, up over 1 . Back to you guys. Guy thank you very much, david. David joining us from hong kong, an interesting day. While he was talking, we had forecasts come out. I mention that because it could be crossing into european tobacco producers. See how they react on the back of that. Honda,lso numbers from 164. 8 billion yen. That is lower from the car manufacturer. Guy let us move beyond dieselgate. Faulty omissions for the first time emissions for the first times in petrol cars. Our International Correspondent hans nichols joins us now from berlin. Not just diesel drivers that happens to worry about. Hans guy, that is exactly right. Gasoline drivers, as well. Though volkswagen says that is a relatively small number. Let me walk you through the timeline. About 12 hours ago, 7 00 p. M. , volkswagen self disclosed that they had an additional 800,000 vehicles that were affected by a regularity. Crucially, this has to do with Carbon Dioxide not nitrogen oxide. Nitrogen had been a scandal that affected those 11 million vehicles. Or could be overlapped on the vehicles, between the 11 million we do about an 800,000 they announced last night. They did give us a cost estimate 2 billion euros is what there y are estimating. Here are the models affected. We have a lot of volkswagen polos, passats. A couple of audios. And the fiat. Andnsions both petrol gasoline, as well as diesel. The only real gasoline is a 1. 4 liter. 1. 2or the 1. 6 and the engines, these have been problematic. This has what has been most of the problem from the diesel aspect of the skin. Now lets take a quick look at what the ceo had to say. He is trying to get in front of the skin. He said from the very beginning, i said out to make sure we mercilessly and ceaselessly clear up the situation. This is a painful process. But there is no alternative. One quick note on this, last nights revelations do not bring any clarity to what was going on yesterday. That is the back and forth between volkswagen and the epa on the potential three leader porsche. Volkswagen is still insisting they had a defeat device. Last night, porsche north america did say they are taking and suspend sales of that. No real clarity on what is happening with a bigger engine. Anna we have u. S. Auto sales, the other big event in the auto 24 hours. Vw doing better than anticipated in those numbers . Hans the brand itself came in flat, basically 0. 24 . A slight increase. But given the sort of bad pr month they have had, you expected little lower. Auydi came in 17 higher. Look at the other numbers, a lot of u. S. Automakers had a very good month. These are october figures. You see fiat chrysler, toyota up 13. Gm leading the pack at 16 . We saw the last two months is the best two months in the last 15 years, annualized rates of 18. 2 million vehicles in the u. S. That market is strong. As we saw from the figures on the audi side, luxury and hes holed up in the state. Nicholse work, hans joining us from berlin. Anna plastic with mccarthy. Tesla surged on news that will deliver at least 50,000 vehicles this year, set to unveil its more affordable model 3 next month. Corey johnson has more from san francisco. Reportedla thirdquarter earnings. It was quite a doozy. They sold more cars than ever before and lost more money than ever before. 937 million, selling 11,000 cars in the quarter to be specific. Let me look at my model. Cars more than ever before for the model s. A very small increase over the previous quarter, less than 1 . The slowest pace of sales growth that the company has seen in at least seven quarters. And yet, the company trumpeting these results. They will officially narrow the guidance on how many cars they will make for the agreed they had said they would make 55,000 for the year. Now they are saying 55,000 for doing 50,000. The midpoint of the guidance now at 51,000 for the year, a good number below what they initially predicted. There is talk of a production and production changes for the model x, the station model crossover. Suv, whatever you want to call it. They showed robots starting to work on the vehicle, that thing is still not together. They are retooling the plant here. You would think that in the quarter in which they sold the most cars ever, because the factories are running a deficiency, Gross Margins be getting better. This quarter and last, getting a lot worse for the company. On the yearoveryear basis, Gross Margins down 25 . Something tesla will have to take a look at and figure out how to do. They are burning through a lot of cash at tesla, but still excitement over the model x and the model 3 yet to come. Corey johnson, bloomberg san francisco. Us talk about the market getting motoring today. Some days we are watching, pmi data from across europe. France, germany, and in the aggregate euro zone number. Anna the u. S. Will be looking out for a reading on the labor market. Getting employment change number, ahead of the numbers on friday. Early headsup on at least what is happening on the private paid role. And we have trade numbers from the u. S. As well. And janet yellen will be testifying on bank regulation, but the other high profile speakers in the u. S. Delivers, pardon the pun, as the harding company delivers. We go to tokyo, live and talking about the ringing of the bells and how stocks have performed. We will see you in a moment. Anna welcome back, 60 minutes past the 6 00. Here are the stories you need to know this morning. Guy the central bank has unintentionally started to surge in the asian stock markets by promising fivemonthold comments from the governors are not linked between changes in the shenzhen. This features in a lengthy article on the need for the communist party to have discipline. And on the website, but it is not an indication that the statements are a little dated. Extravolkswagen says an a hundred thousand 00,000es 8 vehicles may be affected. U. S. Listing was down on the news. Guy the fed says it will says it willsla deliver more cars this year. And delivering the most affordable model, the 3, next month. They lost . 58 a share last quarter. And japan posted earnings, it soared towards the 12 billion ipo. Jumping more than 50 in the moments after trading began, shares in the Holding Company rose as much as 80 with a 16 gain. russell ward is standing by in tokyo. Walk us through whether this was a surprise or intentional . Yes, well not so much of a surprise and the scale of the increase. Upis surprising to analysts, 56 . The Holding Company closed about 26 higher. That scale is really much higher than the market trading we have been tracking in the past few days. And probably one reason why the insurer went up so much was because it was just a matter of supply and demand, the bank and the Holding Company. They wanted to have all three companies, and had to pay much more for the insurer. The ipo was oversubscribed after the first couple of days. Individual investors who met targets for the offerings, claim to buy the three companies. And this is definitely welcome news to Prime Minister abbe. Tryart of his efforts to and get people to invest more of savings. Ipo wasprobably why the priced relatively cheaply. Because the last thing that Prime Minister shinzo abe would want would be individuals tanking and shine away from the stock market in japan. Markethat are the stock indications . Russell if history is any judge, they will be sustained gains. Japans top 10 ipo, many which were state privatized, the average gain for one year for those top 10 ipos was 44 . This would be well advised to stick around for a while and hold on to those posts group shares and linda mccue late. Let them accumulate. Guy what is going to be the focus of these businesses . What happens next, what will investors focus on Going Forward . Russell right, these companies are not without challenges. With quite a unique set up the Postal Service, the bank, and an insurer all struggling in their own ways with how to sustain growth in their businesses. Deals in mailvice delivery, poisons are declining with the advent of electronic communication. Theyre trying to transfer themselves into a logistics company, get more into package delivery. They made an acquisition of an Australian Company to get into the logistics side. Has restricted lending, it is not allowed to lend money. It is a glorified investor. And it has most of its investments and governor bonds from china, so they are trying to rebalance their portfolio and get into assets like stocks, private equity funds even. Tothe bank is trying increase in that way. Has to find ar way to grow in a country where the population of courses aging and declining. So they are looking abroad for growth, just like other big japanese insurers have done recently. Anna thank you very much for joining us. Russell ward joining us. Assetscks to the postal doing well after the ipo. Guy the u. K. Was not happy about that. The second day of the summit in dublin, the biggest startup gathering in the world. The next investment opportunities, we sent Caroline Hyde. She has been speaking with the most active investors in europe. Where are we going to see the latest trend emerging from, caroline . Caroline it does seem to all be about ondemand at the moment, the latest Delivery Company for example. And of course backing horses such as uber. The ondemand ecosystem is growing. Indexing to 1996ting, they founded in by the man im speaking to neil rymer. It was the first to start up outside Silicon Valley, they backed some phenomenal great ones inuch as the big food and funding circles. Digital thatking the company that sold from us 6 billion yesterday. We got the notice that activision was buying the mobile company. Was this really a reflection on the excitement of the growth in europe, and he feels this is highlighting a strength in the region. Have a listen. 10 years ago, we would have jumped up anything that achieved a billiondollar valuation. Today, we are noting a 6 billion valuation. There will be 15 billiondollar plus from humble european origins in the next 510 years. Im absolutely certain. 20 billion are going to be coming here to europe, really vindicating the strength of the sector here in the region. And indeed, it is going to be focused now on also the design of certain companies. That is what will set them apart. So many startups, the worlds biggest gathering of, many horses are now back. What is what to set those apart are the ones have a beautiful experience for the consumer. That is why cooper is doing so well. Anna anyone worrying about valuation being as high as they are . Caroline interesting, we actually had someone here, one of the first backers in facebook, he was speaking in new york highlighting that actually, do not worry about valuation just yet. Theyre not as high as they were in the 2000s because you and i am of the public, are not involved yet. Were not surging up a bubble. But some of the data coming out is just phenomenal. World, nows in the worth more than 1 billion. The socalled unicorns. According to the research, they are now seeing 1. 3 unicorns created every single week. A billiondollar company born every single week. How is that for a statistic . Many are holding back to see if sure. Re looking a little we will be speaking to why some are getting funding from the United States, and how they keep growing geographically. Music around, i will speak to many more investors and startups throughout the day. Guy thank you very much indy. Caroline hyde in dublin. Anna to indianapolis in an exclusive interview, the countrys Central Bank Governor says the ruby wilson be the rupee will soon be at investment currency. Send rain is joining us sandrine is joining us now. He was warning us about borrowing in dollars. When countries develop that external risk am have they been taking notice . If the Central Bank Governor feeling emboldened to make these comments today . Yeah, the concerns he had in february are now abated. I asked him if it was his warning, but he says it is more the volatility that the currency went through. Their billiond dollars, and now they dont see as much of a risk as he used to see earlier. Guy is he active on the monetary front . We have seen a lot of changes from the central bank, any indications what happens next . you may remember, he cut rates at the end of september by 50 basis points. That was a big surprise in terms of the scale. Inflation is key in india for Monetary Policy. 6 goal for a january, he is confident it can be achieved. In 2017. Goal is 5 he said that would Monetary Policy as it is now, it is just fine to reach this goal. This could suggest that he will stay put for a wild. Anna thank you, sandrine joining us from mumbai. Guy payroll friday, will talk about that just next. We live in a pick and choose world. Love or like . Naughty or nice . Calm or bright . But at bedtime. Why settle for this . Enter sleep number. Dont miss the semiannual sale going on now Sleepiq Technology tells you how you slept and what adjustments you can make. She likes the bed soft. Hes more hardcore. So your sleep goes from good to great to wow gift the best sleep of your life to your whole family. Only at a sleep number store. Right now save 500 on the veterans day special Edition Mattress with Sleepiq Technology. Know better sleep with sleep number. Guy 6 30 in london. These are the stories you need to know. Ana goals wagon said that hundred thousand vehicles may be involved in another emissions scandal. The german carmaker found faulty readings in petrol vehicles. Tered on diesel vehicles. Guy Chinas Central Bank has published five month old comments which said there was a link between hong kong and shenzhen. It appeared on the pcb website without any indication. Japan banking and ensuring has soared on the news of a 12 billiondollar ipo. It jumped more than 50 in the moments after trading began. Shares in the Holding Company rose as much as 80 on the back 18 percent on the back. Opened a brick and mortar store in seattle. Selecting stock based on online sales, a physical shop presents gives customers a chance to handle electronic gadgets. Anna breaking news humming inough from axel springer, germany. A lot of folks were wondering what they would say about volkswagen. Pany thatom relies on advertising, Morgan Stanley reporting. This to give you headline numbers, q3 revenue coming in at 73. 4 euros. I dont have anything to compare that to. Nothing about the advertising just yet. Guy we will get more details. Shanghai markets soaring, up by 4 . Lets check in on the details. I am looking today at the euro versus the dollar and the euro versus the yen. This is all about Monetary Policy divergence. We had japans central bank maintaining