Control. For example, the euro swiss rate, saw the dollar start to be stretching while these might be esoteric, sometimes theyre tell tale signs. Investors were worried about whats happening with President Trump, whats happening with u. S. Policy, and the big danger would be loss of confidence and potential crisis for the dollar. I dont think thats going to happen, but well see. Certainly the most recent moves in Euro Dollar Exchange rate are interesting. What do you think the fed makes of the jobs report, it is only the july report, talking about a potential december hike a couple months away, i know wages number is still pretty low. 2. 5 do you think despite that the fed is now embolden, wanting to do a third hike . I think they are. The parliamentary speeches from the fed would suggest they do want to continue the mobilization of policy give us color fresh spin on what intentions are, but i think embolden by the jobs report in line with what theyre expecting, u. S. Economy mixed data first half of this year the key worry is absence of inflation. I think the fed hasnt made up its mind if it is demand or supply shop. If it is supply shop because of globalization and the Amazon Effect if you like, then inflation wont reach the target and may have a potential problem and theyll be tightening into the situation where inflation is low. I think it is a gradual process. Fed have a right to be cautious, dont want to derail the economic recovery, but also conscious of preserving financial stability. To be honest a lot could happen between now and december. Absolutely. Obviously the september debt ceiling debate absolutely. In the past, thats thrown the u. S. Economy and World Economy completely off course. What do you think will happen this time around i think the debt ceiling will be a key issue as a potential fiscal pitfall we have seen last minute deals between the white house and Congress Debt ceiling has always been lifted in the end. Last minute you would expect it to happen this time as well, but may go to the wire there may be concern in the markets, seen in the past volatility in Treasury Bill market, bond market. That may happen. Interestingly, treasury may run out of money at the latest october, maybe september that will coincide i think the fed will go ahead. Money markets 40 probability to a december rate hike less than 50 we are almost in the midst of august, slow summer trading. This year low volatility trade has been more pronounced than previous years in the past we had china with debt ceiling debates what do you have as investors in the month of august to get to september. Sit on the sidelines probably go on holiday, lets hope theres not as previous years potential hiccups, market crisis you can never rule that out. Investors would want that what are we doing here . Why arent we on holiday. I was on holiday two weeks in july neil, thank you so much. Neil mckinnon, global strategist lets remind you of the best performing sectors mining stocks are higher boosted by strong commodity prices, copper and iron ore driving the sector higher. Pace of growth is slowest in years. Households are starting to feel the pinch of inflation. Uk chancellor is reportedly blocking gambling firms, strapping the review into high stake gambling machines launched last october in order to preserve tax revenues. Britains finance minister hasnt commented on the report the ceo is stepping down the Company Announced a new chief executive. Revenue growth of 9 for six months of 2017 and postnl shares saying it is taking a toll on profits, will push earnings down from the forecast tweet me it is a monday im sure you have plenty of questions for guests. Still coming up, softbank shares close higher, they report a big profit boost more as to why and where this profit boost came from after this short break do stick around. microphone fee listen up, heart disease. Soft ban and hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies and data without insights. And fragmented care stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. For those who wont rest until the world is healthier, neither will we. Optum. How well gets done. Thats why at comcast were continuing to make4 7. Our services more reliable than ever. Like technology that can update itself. An advanced fibernetwork infrustructure. New, more Reliable Equipment for your home. And a new culture built around customer service. It all adds up to our most Reliable Network ever. One that keeps you connected to what matters most. Banco selling to Anima Holding theyll gain 1. 1 billion euro from the sale. And Deutsche Bank germanys largest lender suffered a 28 drop in private banking. They paid a 7 million settlement to department of justice for misselling Mortgage Backed securities. A federal jury found former Drug Company ExecutiveMartin Shkreli guilty of two counties of securities fraud, one conspiracy count. He faces up to 20 years in prison with a max sentence unlikely reporter it was almost a six week trial, including five full days of jury deliberations in the Martin Shkreli trial the jury coming to a verdict in the middle of friday afternoon, finding him guilty on three counts of 8. Two counts of securities fraud for former hedge funds he ran and to commit securities fraud for a former Biotechnology Company when ceo the government charged mr. Shkreli with robbing that Technology Company to payback investors that he defrauded in hedge funds. When he was arrested at the end of 2015, the government said he could face up to 20 years if convicted. His attorney friday saying he expected the judge to potentially be more lenient, perhaps not giving jail time though he was found guilty on 3 of 8 counts, shkreli pledged victory friday coming out of the courthouse, calling his attorney his hero. I dont think theres anything that compares to the government trying to squeeze you, standing up to them, telling them we dont think you have our backs notwithstanding all the resource of the federal government, we fought back and feel like we won. He and his attorney saying the most important charge was count seven of eight that he was found not guilty of. That was most important. It could have held the most severe penalties if he was convicted on that count. He was found not guilty on that one. They are pledging some victory Martin Shkreli no stranger to social media, jumping back online almost immediately after arriving home from the courthouse Live Streaming youtube, talking the trial and what was next. This is not the last we heard from Martin Shkreli. In other news, the german medical supply company says acquisition will boost dialysis business the deal represents the latest tie up in a wave of Health Sector m and as. And this follows a report from a batch dog taken a 29 stake in media set pay safe has a 3 billion offer for black stone and cvc Capital Partners they called that proposal quote fair and reasonable. The offer represents nearly Japan Softbank reported rise in First Quarter profit of 50 . They saw operating profit jump after including his private equity fund as new reportable segment. What i found striking is the fact they didnt include full year guidance. Why is that . Thats right. The company saying too much uncertainty on the horizon to include that full year guidance, that may rattle investors. Stock was higher 2. 4 before earnings were released, which were released after the market closed good bit of news would be that big jump in operating profit, rising to 4. 33 billion. That was ahead of forecast as well as big increase on that one. Revenue up almost 3 on this period more interesting than those figures were comments from the ceo following results about consolidation surrounding u. S. Unit sprint. No secret they have been shopping around for a partner for sprint in the u. S. , even suggested to look at outright purchase of Charter Communications if charter doesnt come to the table on its own for a tie up keep an eye on developments. The ceo saying theyre near announcement here. He said sprint could manage on its own, but in order to realize the full value, they need a partner. Thats exactly the comment i got from an analyst looking at this earlier on capital connection. He told me they, too, want to see consolidation to get justification for the buy rating thats completely the focus in terms of what they report for financial results, as long as theres not anything completely disastrous, then the focus will move from there. Saw sprint results earlier in the week, some comments there about it possibly being closed we dont know what deal that would be a tie up between sprint and t mobile is the one thats most likely. The analyst saying he thinks t mobile is the most more logical buy for sprint we will have to see what the decision is. I want to bring up Something Else within the earnings, big jump in operating profit coming from inclusion of the vision fund for the first time. Vision fund is the Largest Private Equity Fund with 93 billion in fire power behind it. They have been investing aggressively through the u. S. , heavyweights invested in the fund as well, but it is not without criticism keep in mind many argue that the structure it operates on, including debt structure is complicated, this could fuel tech mobile the vision fund could contribute several billion dollars in revenue if all goes well some ways pushing aside criticism surrounding that this is a crucial part of investment in the United States which as you know have been applauded by the white house thank you so much for that, nancy. Moving on, venezuelan president maduro praised authorities for stopping an attack on a military base. Some 20 armed men said to have raided a base, announcing uprising to restore Constitutional Order two were killed, several captured a search under way for the rest. The incident the latest unrest in the country following replacement of a governmental super body after the election. And venezuelan bonds were probably oversold in the wake of that contested vote, however, sees few reasons for investors to buy the countrys debt at current levels do you think its a matter of price . Do you think theyre expensive 44 cents on the dollar how low do they have to go take into account all of the contingencies. We know some about the debt, dont know about amount of debt, dont know how senior bonds are compared with debt owed or the chinese company. What would be the catalyst for them defaulting on debt. Some said it might be triggering of sanctions on the oil sector or is this something that will come inevitably anyway do you think default is avoidable . Matter of time before the country defaults, it has been around the corner for past two, three years at least they keep continuing to leverage assets they have, borrow high Interest Rates the end is close, it is a question of whether it is six months or 12. Thats why you dont want to be invested in bonds you could argue that if maduro government default on bonds, new bonds have to come in, and they would be valued at a higher rate that would be a win for investors or does it not work that way. It is difficult to tell if the government does fall, almost impossible to tell whether the new government which is friendly to investors and new government which is quite unfriendly or something in between, but even if theres an investor friendly government, they might declare debt issued by the administration owed ee us, in which case it might not acknowledge it would a default precede government change or do you think it is a default that would trigger a government change. Whats the chicken and egg situation here. It is difficult to tell the interesting wrinkle is one of the major reasons the country is still probably wants to continue servicing debt is that it knows if it does default, that will be the final end probably if they were to default, would speed the end of the regime would you be more inclined to touch bonds of the oil company pdvsa, closer to 30 cents on the dollar, would offer more value, or because of sanctions you want to steer clear those of us in the bond markets have been analyzed to investors for so long. I think everything is priced if sentiment were to improve, spike much higher, if recovery value were to be that much higher accordingly, all of the bonds would rise one might go up 1 more than others at this point it is a question of making a pick as opposed to individual bond. Seems like a tricky place to invest not for the faint hearted at this time. Talk about others that might be easier to invest in, even though we have a lot of stories brazil, avoided trial, will have to work on pension reform. The bonds are a buy tricky political decision whether to invest in brazil, brazil has a large portion in every in investable, to not invest involves a big decision however, the ability to avoid removal from office is quite constructive for the markets oil prices are up. It is more important that markets have confidence to be implemented eventually, meaning end of next year, early next quickly before i let you go, seeing that rally when it comes to emerging markets that were bonds apart from venezuela can that rally continue even if the dollar this is a question we have in emerging markets a lot of us are concerned. As long as market fundamentals remain, benign and negative parts of most investor stories are avoided. Thank you for the stocks. Appreciate it. Many of you are on vacation. Heres another man who is. Another shirtless fishing trip for russian president vladimir putin. Latest bare chested shoot captures his funting and fishing trip in siberia. They hold the next election in march, he is widely expected to win. Hasnt announced his candidacy yet. He is busy we will be back in two [narrator] introducing a breakthrough in hearing aid technology. Presenting the allnew eargo plus. The worlds smallest, most comfortable rechargeable hearing aid designed with patented flexi fibers so therere suspended completely inside the ear canal and so small that theyre virtually invisible. The kind of invisibility hearing aid wearers have been looking for, if you could look for invisibility that is, which you cant, or i guess you can but you wont find it, well, cause its invisible. You know, anyway. The point is, most people probably wont even know youre wearing them and theyre so comfortable you might forget youre wearing them yourself. Eargo plus is also rechargeable so theres no need to replace batteries because theres nothing more frustrating than those tiny hearing aid batteries, or there probably is but we just cant think of it right now. And our advanced Noise Reduction Technology reduces background noise. Dont wait, call or go online now to get your free sample pair today and try the hearing aid pc magazine calls, tiny, comfortable and nearly invisible. Eargo, hear life to the fullest. The ceo of the fed is the most characteristic of the job. New 52 week high for the Financial Sector people look at the banks as the engine for financial growth and Economic Growth in the u. S. It is a joint manufacturing plan probably gets them off the president s radar if he continues to go after manufacturers who are building in mexico and shipping to the u. S. Welcome back to street signs, i am carolin roth. These are your headlines european equities are mixed after stocks are higher following a record close, strong job numbers in the u. S the u. S. , australia and japan are out with a tough new statement, pressuring north korea to change its ways this as north korea says sanctions infringe on its sovereignty. The book maker says the ceo is stepping down, the stock on track for worst day since brexit vote last year good morning, everyone quick look at u. S. Futures see if we see follow through from the strong report friday which took the dow to an 8th successive record high were looking quite positive s p 500 up, dowjones set to add 23 points, nasdaq up by 13 points financials doing well, given the odds of another rate hike, increasing once again. When it comes to european markets, had a stellar session friday that was very much driven by weakness of the euro against the dollar the dollar rocketing out much better jobs report 209,000 jobs created in july now seeing Dollar Strength fading switch to the fx markets thats impacting equity markets. You have euro dollar trading higher this morning. If we bring up the chart once we have it there, youre up thats the sterling. Anyway, i did want to tell you your dollar was edging a little higher in todays trading session. There you go up by 0. 3 whether the payroll report was a game changer for the jobs report the rally didnt last too long at this point. New note from ubs suggests pilotless planes could save airlines 35 billion a year pilotless planes are feasible, could appear by 2025 all this week, talking future of work how technology and other factors change the workplace, who the winners and losers will be this hour we focus on how businesses can profit from new Economic Opportunities while safeguarding employees albert ellis joins us. Thanks for taking time on whats driving change in the employment market what is the driving force . Development of big data, Software Engineering that can take machines now and give them some sort of Artificial Intelligence of course, we have seen google leading the way on that. Most Technology Companies are making significant investments in machines, in computers that can replicate what humans do right now. Whenever i have a discussion about how destructive ai will be for the jobs market, it is tale of two sto