Cnbc theyre sticking with their growth forecast. The differences are so small between ours and theirs. So it depends. We speak to the ceo of lamborghini as it unwraps its latest luxury model at the paris auto show. Others tell cnbc theyre optimistic on a european recovery. The worst here is behind us. I think the necessary measures have been patient. Theres still a lot of work to do. My job is to turn europe around. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Ecb meets today. The main rephi rate is 0. 05 . Banks are repaying deposit catch at a rate of 0. 2 . Mario draghi announced the ecb will begin buying Asset Backed Securities in a bid to expand the Central BanksBalance Sheet to 2012 levels. And that is what makes todays press Conference Key for investors. Top of the agenda, mr. Draghi, will be expected to answer tough questions on that controversial Bond Buying Program. The ecb president will have to defend the luke warmup take of the Central Banks operation. The real question is what draghi will say about the pace of expansion. But as i said, the key question is over the central about ans bank buying program. Investors want to know will there be a clear sight target of overall purchases, when will they start and another crucial aspect is how the program will be split between covered bonds and Asset Backed Securities. Finally, will the central bank be able to buy junk bonds from the likes of greece and cypress . Annette is joining us to help answer those questions. A lot of rates are looking for rate bond action here especially in the periphery, the eurozone. Look at the Market Reaction of create, ads, the story that the ecb is wordsing, supporting money in those noninvestment grade assets. Let me give you a general idea of what we are expecting here. We would like to have the size, of course, of the abs program. Is that likely . Perhaps not so much because mario draghi sees his options very much open and does not want to restrict himself. So he will probably not get a side target. Will he talk about which bureaucracy is going to buy . Probably also not because he never really wants to say a lot about which market hes targeting. Perhaps we will get a little bit more about the eligibility of those assets. Of course, you need to answer the question whether theyre now legible to be purchased by the central bank after those reports. So that are the main question. Of course, he will be grilled on what he thinks about the latest meeting which came out recently and also the pmi data does not look promising. And we will have a question about whether the ecb still considers full on qe to be an option to come on the table back again. A lot of investors are crying for getting qe. Of course, the main question is whether that will spur lending in the eurozone. That is the biggest problem here in order to revive the economic recovery. And that is rather doubtful because the bank lending seems to be blocked. With that, back to you. Thank you, annette. As we focus on the European Central bank, asah kantana joins us now. The Manufacturing Index slipping to a 14month low. How important is this ecb meeting and how much pressure is on mario draghi to deliver . We have had the approach of many piecemeal issues being delivered. Its getting to the stage where investors want to see some solid numbers. We know inflation is falling and is now at very low levels, you know, becoming real concerns in the coming months. But we need to see what this actually plans to do, enough of the announcements, we need to see some numbers. And last month, you said the countrys Interest Rates were relevant because it was so low, theres so much liquidity. Could the purchase be enough to give markets more confidence . We hope so. At the end of the last press conference, mario draghi implied he wanted to turn it up to the peak. The problem is the size of the available market outpay is only about 250 billion and the covered bond market is only about 650 billion. Thats assuming they have to buy everything, which they cant. They said they only want to buy high quality assets. This is where the debate comes in about junk bonds. And the limited size of the eurozone bond market means once again we have to have target measures and, therefore, a lot of these measures are struggling and announcing rest of the tltros. You think well get more on why its low . A lot of people have forgotten that the tltros are going to be useful, absolutely. But some of the previous tltro loans are being repaid. So the 82 billion that has been taken down should be thought of in the context of about 75 billion is about to be repaid. Then were talking about very small numbers. Potentially, by december, we could actually see the ecb shrinking before it rises again. Buying riskier backed asset securities, receiving a lot of pushback from security, president of germanys ifo economic institute. But does the ecb have no choice at this point . Do they have to put together that program and push that forward . No, i dont think those necessarily have to go through junk bonds. They can just focus on the quality things. But, you know, expanding that mandate allows them to increase the size of the Balance Sheet by more, had they not been allowed to do that. The key focus, i think, is really on the euro, trying to get the euro to depreciate its major rival. That seems to be happening already. All right, well keep it there. European economist at schroeders. Stay tuned. Cnbc will bring you full coverage of the central bank discussion at 1345 cet followed by the News Conference at 14 30 cet. A lot of focus on what mario draghi will unveil. Shares in rocket internet fell 14 in their market debut, buts has recovered some of their value, trading right now at 41. 44. Its issue price was 42. 50. It was rocket internet, one of the big eft listings this year and a German Company in focus today. Meanwhile, online retailer zolando has lost more than 5 of its value in todays session. Currently trading at 20. 15. This after a stellar listing in yesterdays trade. And the hunt for red october is very much on. The u. S. Market having their worst start to october for three years. And europe has taken a similar cue tonight. The stoxx 600 down 0. 6 . Lets have a look at individual markets. Its a pretty broad spread of weakness. The ftse 100 down 0. 43 . Germany down 0. 5 . The weak manufacturing pmi data out of germany yesterday, france and italy down similar amounts. A lot eyes on mario draghi in naples later today. Will he give the market more confidence that it obviously is needing . Lets look at individual stocks. Shares are trading sharply higher after the German ConstructionCompany Announced a share buy back. The firm said it would purchase about 6. 9 million shares or about 10 of its share capital. Lets look at bonds. The u. S. Treasury moved quite sharply yesterday, yields coming down 2. 4 . Quite a big more. Softer data out of the u. S. And, of course, globally. Bond yields similarly low across the board. Lets look boo forex. There has been some split into what the u. S. Dollar is doing. Well be looking more at that trade later in the show. But, in fact, just strengthening against the yen. The aussie dollar has backed off against its lows, off about 0. 5 today. Hong kong protesters have given the citys chief until today to occupy the financial district. There appears to be little hope of a resolution with reports suggesting theyre prepared to let demonstrations go on for weeks. They have been following events and sent this report from hong kong. More. More people are coming out on to the streets as momentum builds. Something new has popped up. There is a sign on the wall that says why are we here. Many people have responded in colorful notes the english ones say because i want true democracy. In this road behind me says right now were on a long holiday period. The question is what will happen on monday, october 6th, when the business week starts in earnest. Will the police come out and try to clear the protesters away . Now, i spoke about the Financial Impact all of this is having on the city with jimmy lai, media mowingus, the founder of apple daily and next media. Hes one of the protesters here on the street. And i asked him, doesnt this all hurt hong kong as a Financial Center . He said, listen, hong kong is not so poor as to only think about money. We also have a conscious. Were transparent. We are clear. Thats one thought coming from the streets of the demonstrators. Coming up on todays show, we get up to speed with lamborghinis latest offering. A 5. 2 v10 hybrid. We cross to milan to talk to the eye tall kwan Fashion Designer working hard to keep milans luxury economy thriving. Plus, weve live in texas as more details emerge on the patient being treated for the deadly ebola virus. To help entertain some friends at the beach. Before earning 1 cash back everywhere, every time. And 2 back at the grocery store. Even before he got 3 back on gas. All with no hoops to jump through. Rafael was inspired to use his bankamericard cash rewards credit card to spend a night watching the stars, under the stars. Thats the beauty of rewarding connections. Apply online or at a bank of america welcome back. Were just getting flashes out from wonga where it says profits have fallen by more than half. Today the chairman has come out and said that its clear that a need for change for wonga is real. Wonga has entered into an agreement voluntarily with the sca in order to try and work to identify what whether there is any remedial action for wonga to take. This fall in profit yesterday they blamed on, quote, remediation costs money it had to pay back to customers as a result of its own state. There is more clarity on the identity and route of travel taken by the first ebola patient in the u. S. Nbcs ron mots filed this record on the details so far and the action being taken to prevent the virus from spreading. The man hospitalized and isolated since sunday has been identified as thomas eric duncan, a liberian international. They insist he posed little threat to people since arriving last week, but they are watching children. Today we learned some School Aged Children have been identified as having impact can the patient and are now being monitored at home for any sign of the disease. Five children in four School Districts have been told to stay home as the district began alerting parents by letter. Mike jansen picked up his daughter and said they are headed straight to the hospital. Between 18 and 18 people are being monitored for up to three weeks including those who rushed him to the hospital over the weekend. Sfwh what gave them any sort of indication that this might be an ebola patient . That wasnt the case, its just more were dealing with a contagious patient. We have normal protocol, what we call glove up, you put your mask on. Thats your protection. Did hospital staff miss an opportunity to isolate duncan sooner . He left liberia on september 19th, transferred at dulles before landing in dallas the next day with no symptoms. He went to the er last friday, but left with antibiotics after telling a nurse he left africa. Regretfully, that communication was not communicated throughout the full team. As a result, the full import of that information wasnt factored into the decision making. We want the best for our kids, i guess. As many as 10,000 liberians live in north texas. Its not praying for just one person. Were praying for our nation. Were praying for all the families that have been affected. And the liberian community. Now, officials arent saying what exactly mr. Duncan is being treated with here tonight. They say the key to effective treatment is maining oxygen and supportive care. Not having capital controls is an achievement that, quote, must be preserved. The control bank will condition limited issues but with more. Geoff has more. Its been a fascinating panel weve been seeing here. You have the finance minister, the economy minutester. You have the head of btb and bur bank and one of the russian Business People i was speaking to her said having the head of the bank come to a bank event was a about the like inviting mr. Obama to a republican congress. So, clearly, there is a desire to put up a united front here to talk about the russian economy. Its a liberal viewpoint. The question is we need to focus ourselves on our structural issues, not get diverted by the question of sanctions and the impact from sanctions. We need to get our own house in order. That was largely the line here. I spoke with a Financial Services company here and i asked him what he thought this united liberal front meant for the development of the economy. Lets listen to what he said. I think liberals in regards of the guys with the right positions. So we saw today in front of us three liberals who are holding stop positions. When they win or not in your opinion with russia, there is always the same need for structural reform. Im in this business more than 20 years. 20 years, its all about the same. Its not about the words, its about action. My opinion is that when things are good, theres very little incentive for rush that to turn things around. The economy was slowing down. Domestically even before. In my opinion, it should be huge tax with change. And i do hope that change comes through. And one last question. Obviously, there is this story about capital control that everybody in the government is denying. Do you think it may have been just an issue of planning and preparation if things continue to deteriorate is. Maybe somebody got the wrong end of the stick and thought it was going to be implemented as policy tomorrow . When risk is growing, when rates are growing, any piece of news anybody wants to introduce is like a fire. That, in my opinion, is what happens with those rumors. I dont understand where those rumors came from. Not to say that they are wrong rumors. Its just that this kind of thing, everybody expects and, therefore, which such piece of rumors picks up, it meansly picks up by all the media. So basically, that is, in my opinion, what is happening right now. And to be honest, i dont know whether that is true or not. Not that i would. And, to me, in your opinion, they didnt take any decisions. I think they will be watching the economic outflows and based on that will be making their decision. I dont mean that this decision will be kept in controls or anything. But in my opinion right now, but with the rumors, thats one thing you have to understand. Thats the way it happened. What will be background sheer is what happens over the next 30 hours. We have no idea at this stage what hes going to say. But given the united front we saw on the economy this morning, i think we anticipate there could be breaking news around this or indeed on the ewe containan situation and, as we know, through the last 24 or 48 hours, there have been troubling breaches of the current ceasefire. So we will report on that through the rest of the day here. President putin is due to arrive any minute. Back to you, wilfred. Thank you very much for that. Moving on, workers have narrowly approved a negotiated contract. The 47,000 member union held a strike last week after leading a 10 million bl bid. Senior Vice President and coo at kimburgh motor jones us now. I wanted to start on that topic, the union strike which stems from the central purchase of that land. Do you think its fair for them to be so disappointed . Well, i guess the time frame involved here is a very long one. Shareholders made the point that this is very longterm when it comes to investments like this. When it comes to labor unrest, the great thing about the business here is that right now 90 of european sale here in europe are sourced from manufacturing from factories here in the eu. And so it gives us a lot of stability, a regionalzation strategy very firm and very strong. Moving on in terms of the bigger picture, are you worried about the weakening yen and what that will do . Well, clearly the weakening yen and to an extent the strengthening macroeconomic factors that car brands have to deal with. Our dpefts are investors and our customers will be very aware. And also the regionalzation strategy, the global scale and manufacture i manufacturing locally around the world gives us a durability and makes the investment prospect to some of our competitors. Allen, lets talk about where you see opportunity. China showing weakness. Those are markets for your cars. Are you changing your Product Offerings based on this economic slowdown . And where do you see opportunities in this market . We tend to taylor or our technical modules when it comes to individual vehicles around specific regions of the world. That gives us a very big approach to different regional cultures and taste. Europe remains challenging. The recovery is very enturn and the growth in the european car market which is directly influenced by economic disparity or otherwise is also uncertain. I think the market will continue to grow this year. The prospects are continues growth next year. The challenge for my team here in europe is to remain high on the agenda. They tend to secure in the immediate term. With our product strategy, into the market share and vehicle sales volume founded on a year and a half, two years of quality focus to ensure the operating margins that come with our increased sales are secure. Allen, thank you very much for joining us. We appreciate it. Now, fast cars, practical car webs efficient cars, its all on offer at the Paris Motor Show today. We want to know, whats your preference . If you want to join the conversation here on worldwide exchange, get in touch via email. Worldwide cnbc. Com or cnbcwex. The latest lab better jeanie promises to be environmentally friendly as well as exceptionally sexy. We get up to speed with the lux ru carmakers ceo, next. Your customers, our financing. Your aspirations, our analytics. Your goals, our technology. Introducing synchrony financial, bringing new meaning to the word partnership. Banking. Loyalty. Analytics. Synchrony financial. Enagage with us. Auld Third Quarter gains have been wiped out on the russell 2 on 000. Ecb pres