And the parents, of course, have to make an awful lot of money to make that happen. Tyler is out today. Cnbc asias susan lee is in. Were going to begin with the developing story, the severe terror alert in the uk. The white house saying moments ago it does does not have plans to raise the status. John harwood is live in washington. We begin, though, with International CorrespondentMichelle Carusocabrera on that uk terror alert. Mcc . Yeah, the United Kingdom raising the Terror Threat to severe, the second highest possible level, the highest level in three years. According to a Statement Released by the uk government, severe means that a threat is likely, but theres no intelligent to suggest that one is imminent. David cameron followed up with a News Conference at 10 downing street. We are in the middle of a generational struggle between a poisonous and extremist ideology that i believe well be fighting for years, and probably decades. Cameron went on to say that hundreds of british citizens are likely fighting on behalf of extremist elementses in world. The first isilinspired attacks on the continent have already taken place. We believe the 500 people have traveled from britain to fight. Recall the murder of a british army soerge in 2013, macheted to death. July 7th, 2005, terrorists bombed the london subway system and an iconic doubledecker bus. But David Cameron faces a public that is tired of foreign intervention. Remember, cameron initially said the uk would exactly one year ago when the Obama Administration was considering it, but cameron was forced to step down when he lost the vote on the issue in parliament. It is very clear tonight that while the house has not passed a motion, it is clear to me the British Parliament reflecting the views of the british people, does not want to see military action. I get that and the government will act according lid. Sue, back to you. Michelle, thank you very much. Before we go to our chief washington correspond john harwood, if you have not heard this sound bite from president obama, listen up. I dont want to put the cart before the horse, we dont have a strategy yet. John, those words may come back to haunt the president. Reporter theyre already haunting him, sue. This is a very unfortunate choice of words by the president at a time when hes facing so many Foreign Policy challenges, not just i want sil or isis, as we at nbc say it in iraq and syria, that new terrorist state thats trying to expand and erase those borders between those two countries, but also you have a war in gaza, russian incursion into ukraine, if you and the president was fostering by that remark the idea that hes not prepared to deal with it. Its exceptionally problematic, sue, because syria has posed such a challenge to its credibility. We had the situation a year ago when the president , having drawn a red line, indicated he was going to go forward with military action, then declined to do that, instead came up with a plan to negotiate the destruction of syrias supplies of chemical weapons, but that raise the questions about american followthrough and the fact that the Syrian Civil War has persisted and the isis threat has metastasized during that period is a part of a big problem that he made worse yesterday. John harwood, thank you very much. Susan, over to you. Lets look at the markets. We have virtually no roll heading into the long weekend. Tuesday is when america goes back to work and volumes will likely raise then. Dom any chu is at the New York Stock Exchange with the risk and reward of what is traditionally a volatile month. Susan, september is going to see a host of market catalysts on the international front. Lets focus on that in this hour. It could set the tone for the rest of the year. Heres going to be at least a handful of the catalysts, first of all, on september 3rd, next week president obama will make a trip to estonia, a former soviet republic. Given all the tension, this meeting could lead to important headlines. Over the two following days, september 4th and 5th, you have a nato summit to keep an eye on. No doubt ukraine and russia will be on the agenda. As well as the growing concerns of isis rebels in iraq and syria. As weve been reporting, the uk is also on heightened alert from a terrorism attack, so thats something to keep an eye on. September 4th, the ecb, the European Central bank, will there or wont there be talk out of central bank of europe. How about september 18th, thats when eyes turn to the uk. If you dont know, scotland will vote on whether or not to become an independent country. That may have an effect on a number of companies that do a good amount of business in the uk and around the world. So you think yang i dont and what it may mean to the or the banks, those are just a few of the international catalysts. Next up on street signs well tackle the stuff you will want to watch for in the u. S. September has traditionally now there may be Something Else to worry about. The economy contracted two tenths of 1 , dragging the country back into recession. Meantime, Consumer Prices are falling there as well. There a risk of deflation in europe . Lets bring in some strategists. Bob, lets talk about the eurozone. It seems theyre baked in that mario draghi will do some quantitative easing. I think it will be set off. I think its already probably be discussed inhouse, and i think youll see that the next couple months. The deflationary environment certainly exists over there. I wouldnt be all that concerned. I dont think youll see all that much trouble, but i think some of these ancillary countries you may start to see some problems. Sam, what does that how is it being affected by the concerns in Europe Europe . I think that the American Consumer is definitely concerned by whats going on in the world, and if we look at the personal consumption spending for the last month, what we saw was the savings rate was up. Not that incomes were falling, just that people were more conservative. But if you look at the u. S. Economy, i think the threats come from outside, the threats come from europe, the threats come from the middle east, the threats come from asia. The threats do not come from inside the u. S. U. S. Economy looks pretty good to us. But theres no volume out there right now. In fact talking to some traders they want half the people are off on holidays, so were in a Holding Pattern until like at least tuesday of next week. I see what youre saying. Its something thats being discussed, but largely i think being discussed to try to push the same people that were looking for a correction. But really it was a buying opportunity. I think if youre a longterm investor, you stop worry about the low volume. You cant really compare volume on the floor now to what it once was, you start to look at the real longterm trends, are we seeing improvements in manufacturing, employment, consumer sentiment, so i think if you start to focus on the real longterm trends, your longterm investor, let the day to day allow it to happen, but still focus on whats cheap, whats working and what would be working a year and a half out, two years out. Its the cyclicals, like technology, energy, consumer discretioniaries, industrialing, financials, health care. Those are the areas to fog cows in on. You kind of agree with what bob is saying, right . Yeah, we think that the consumer Capital SpendingBusiness Investment is going to be one of the big drivers in the next 12 months. Capacity utilization is getting up close to the 80 level. While the consumer is being cautious, businesses see opportunities to expand. Banks are more willing to lend, so we think the industrial sector will be a good place to be. Bob, sam you have a great labor day hold dahl. Sue, over to you. Take a look at this video. Its google tissing a drone delivery in australia. Amazon is also working on that. The technology is at the early stages, but concerns over whether or not its safe has been growing. Jon fortt has the latest, and eamon javers on how the f. A. A. Plans to regulate drones. We want to know, do you think the faa should allow drone delivery in the u. S. . Weigh in at cnbc. Com vote. Jon, youre first. Well, in project called wing out of the google, just the latest in the drone space, as you mentioned amazon has said they are experimenting with drones, and theyve become a bit of a hobbyist phenomenon. Whats interesting is delivery of physical goods of any sore over that final mile has become a challenge thats increasingly interesting as people want things here and now, not to wait even two days for amazon prime, and its not clear exactly how the drone business will shape up. As we talk about it right now, its agriculture that looks to be the first initial market for drones as a business. They can fly over private land. They can look and see where crops might be blighted. There arent as many regulatory issue toss deal with. But google and amazon and their Research Efforts are looking out into the future to figure out what will be the most costeffective computercentric nonlabor intensive ways to deliver goods. This particular project has a fivefoot wingspan, and its shaped not like a helicopter, but like a glider. Then it can stay aloft. Interesting design, a bit different, well see exactly how far it goes, sue. Jon, stay with us, and lets bring eamon intoed conversation. What is the faa doing . I checked in with the faa this morning. Theres a key distinction they make between autonomous aircraft, fully robotic vehicles that fly themselves and unmanned aircraft, aircraft controlled by somebody on the ground with a Remote Control. That distinction makes all the difference to the faa, which has banned theres a couple bullet points here from the faa. If you have an autonomous aircraft, you cant fly it in this country. Thats why google was testing in australia. They have opened six test sites where you can practice and research on unmanned vehicles. So those remote vehicles controlled by the ground are available in the testing sites and the commercial users have been granted waivers in specific controlled areas to use some of those unmanned vehicles. We have a list of the couple of types of companies that are doing have applied to the fundamental aa for waivers, including wolfer inc. , wilbur ellis, which is talking about doing agricultural analysis, and cavu media, talking about Motion Picture and television filming. So a lot of specific industries really interested. Lets lock in the vote. Yes, totally wins by about 62 . It was close for a while, i have to say. 32 say no, they should not allow deliversies at all. 60 say yes, totally, basically. Jon, you mentioned the agricultural component. I think maybe there would be less protests against it. You have a lot of open space and its not in a suburban area. Exactly, sue. When you think about it, thats a huge market. Think about the crops that grow out there. A lot of times farmers dont know in real time where there might be a pest problem, where there might be blight, a drone could fly over there without having to have a human being with a Remote Control over there. Just over a planned route. Actually Drone Companies right now are working on not only automated routes, but also swarming where multiple drones could automatically follow another one and cover a huge area to capture imagery or do whatever the drones might want to do. Its not just getting this thing in the air, but doing it with minimal human intervention. Eamon, you want to comment . Final word. Thats exactly the challenge. How do you stitch together this drone economy with the existing Civil Aviation system in the United States. A fascinating moment just yesterday in malibu when they had the tremendous surf, and some of the news helicopters came out, and the new helicopters saw drones in the air. The helicopters taking pictures of the drone taking picture of the surfers. All of that in the air at the same time can be challenging for the pilots and those operating the unmanned vehicles. Getting them to Work Together safely will be the challenge. 62 of you say yes, totally. Susan, over to you. Lets look at whats coming up on the program. The white house come to Silicon Valley, and would you pay 2 for a virtual boyfriend or girl its all the rage in china and all the in the power rundown. We also want to hear from you, weigh in. Plus spending big bucks on you wont believe how much parents are spending to give their kids a leg up. Thats coming your way next. With all the opinions about stocks out there, how do you know which ones to follow . The equity summary score consolidates the ratings of up to 10 independent Research Providers into a single score thats weighted based on how accurate theyve been in the past. Im Howard Spielberg of fidelity investments. The equity summary score is one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. Cozy or cool . Exactly the way you want it. Until boom, its bedtime your mattress is a battleground of thwarted desire. Enter the sleep number bed. Right now, all beds are on sale. Hes the softy. His sleep number setting is 35. Youre the rock, at 60. And snoring . Sleep numbers even got an adjustment for that. You can only find sleep number at a sleep number store. Right now save 50 on the labor Day Limited Edition bed, plus 24month special financing. Hurry ends monday know better sleep with sleep number. Might be consideration a buyout. You see the dip on the charts. So its pretty volatile trading. Viva systems, the Life SciencesSoftware Company beatings estimates. Sue . Well sal kahn on yesterday from the kahn academy, an online Educational Organization that offers free classes virtually on any subject, but there are parents who dont mind spending money and a lot of it to give their kids a leg up. Julia boorstin has that story. Despite all those free tools, tutors is a 7 billion annual business in the u. S. Alone. Some parents happily pay hundreds of dollars an hour to help their kids get into college. With the online video chat platform some even spent more than 200,000 a year. If you are highly successful professional, and youve accumulated a significant amount of wealth, 100,000 is not a significant investment. Youve spent half a million in your childs k through 12 education. That is still a lot of money. The Company Offers a moneyback guarantee though occasionally they swap out tutors if parents are not happy. Dom any chu will join the conversation as well, but first were going to stay with the education theme. According to 18yearold Michael Simons facebook page, he has been hired for a fulltime engineering job at the social media site after interning there this summer the do you think its a new trend for silicon vall valley . It begs the question, do these kids need to go to college to get that fouryear degree for the tech jobs . That traditional liberal arts degree very controversial in Silicon Valley. This has been going on for a while. I was in high school, a classmate of mine was rescrewed by microsoft a million years ago, but i think the big trend, especially for entrepreneurs, they figure if Mark Zuckerberg dropped out of college, do i need to go to college . And big names are encouraging kids to take a break and think if they need to spend all that time in college when the time is so valuable and they could be starting a new company. Dom, you want to weigh in . My interest and point is its changing the way we view he went to columbia, i went to cornel, julia wen to princeton. A lot of times the education we got maybe in the traditional sense will not be the same you need going forward. If you really do have a situation where vocations become the next big thing, remember Skilled Labor in this country is at a shortage right now. If you could be a great locatal operative, a techie in any way, shape or form, you might have a Bright Future and get a job. Thats the important thing. Since you all are ivy leaguer, you have to give a shoutout to my alma mater cal state north. Reports surfaced that google executive could take over his old job. Is the Obama Administration trying to strengthen its ties with Silicon Valley . I think youre right, why not . Think about all the criticism that government got for how it handled obamacare, and how much better the technology should have been . They want to have Silicon Valley on their side. They want the smartest minds in terms of technology to help make all those Government Systems better. Dom, the last word on this one. Chinese Online Shopping is offering virtual partners, the Service Reportedly has they girl friends or boyfriends calling or texting you to wake up, say good night, listen to your complaints, for under 5 a days. Before you answer whether you would do it, we want our viewers to weigh it. Do you think virtual companionship would work in the u. S. . Join the conversation. Would you go for it, dom . Ill tell you what. For 5 a day, ebl probably find other uses. Im for the passing judgment. I probably wouldnt go for the virtual friend aspect. I dont particular need somebody texting me, hey, hows