Says a hike wont cause a correction until u. S. Stocks are back in the bubble. The u. N. Calls for the halt for detention and ill treatments of migrants as germany imposes emergency border controls saying it can no longer cope with the influx of people. And welcome to worldwide exchange. Lets take a look at the Chinese Industrial figures we got over the weekend. This is the reason we saw a heavy selloff in the shinnin exchange. It grew by 6. 1 in the month of august. Its raising concerns about the pace of the slowdown taking place in the worlds second largest economy. The data field expectations says they could roll out further support measures. Lets check in. We just had that dismal close just in china. Yeah, susan, you and i know typically when you see this kind of data, lets face it, it was consistent with the chinese economy growing at sub7 , the market starts to think there will be more policy support. This time around the paradigm has changed. Because of all the leverage in the system in the stock market in mainland china. The bad data is the capitalist for the deleveraging. That was the pattern and activity. We were up almost 3 at the settlement. It meant we were expecting the poor data to be offset by good noises from beijing. It was the data that the markets were zeroing, that was the excuse, as i said, catalyst for the leveraging volatility weakness in the broader market. In terms of the macro picture over here in asia, really one of a slowdown. The rest of the markets outside china, not a great deal of activity, not a great deal of momentum. Its down to the fed what they do this week will have enormous implications for emerging assets if they do move. Even if they do calibrate future moves in terms of the proverbial loose tightening, the pace of tightening will be important. That will be a headlight reaction. Stronger environment. Watch out for indonesia and malaysia. Gentleman thank you so much for that. Weaker growth, they warn that the Global Markets have suffered repeated blows in the past couple of weeks mainly due to events in china. It adds that the strength of the dollar is also putting pressure on emerging economies. Its a close call but the latest monthly survey released by the wall street journal says most economists are expecting the Federal Reserve tomorrow keep the rates near zero as they count down to the twoday fmc meeting. It shows 46 of respondents are expecting a hike in september while 9. 5 says it will come in october. More than 1 3 say the fed will keep rates where they are. Were also coming off the best week in wall street in close to six months. There is a greater fear the market might be overvalued than, say, at any other time since the dotcom bubble in 2000. Robert schiller told the financial time that the Confidence Survey showed the u. S. Stocks were back in a bubble. He would not comment on the massive correction but said the rate hike would not be the trigger for a selloff. As schiller says in the ft report, everyone knows its coming. Its baked in already. Its not a big deal. Its interesting how schiller and his cake study which is the adjusted price multiple, his rationale that things are upper value where the bis says, no, the lower Interest Rates. Absolutely. Its as you say, its interesting that the hike itself in the markets. But i do think, this comes through in the bis report, they say its unrealistic to think that the Monetary Policy can cure the global ills. Given that weve had a six year market rally and given that growth is only about 2 rather than, say, 5 , which would justify the qe, i do think that either we do a bit of a correction again or we need to see growth pick up to justify the levels weve seen. Its one thing in europe and japan where you still have the policy supporting it, but if were about to remove that, whether or not the hike is the start, but if thats ready to be removed, you need more growth to justify the action. I like the report because it kind of echos and says what a lot of people are seeing, that were all addicted to the world of stimulus. Even though the fed might be hiking Interest Rates, were seeing more easing. So its a bifurcated world, isnt it . Absolutely. When we talk about the fed, do they focus just on domestic dated data or do they start thinking about chaes happening in china, what about what other Central Banks are doing. Mario draghi and the data, can they afford to start hiking if they are furthering the loosening of that policy . What does that mean to the u. S. Dollar . Well get some statements from the doj. I agree with the tone of it, i think were such a distorted world. When was the last time you saw the Federal Reserve hold off on hiking the Interest Rate in nine years and yet were still thinking, maybe we should be holding off on hiking the Interest Rates. At what point do you get to the point where you have to move, right . Of course, the big reason why people are wondering whether we hold off because we shouldnt be that was the cause of the deeper slowdown in europe. But everyone has their own, you know, situations, their own sovereignty as mark carney echoed. We still have sovereignty over our own, by the way, Monetary Policy. I dont think we should take everything as a whole. I think every country has their own issues and variables that we need to consider right now. To me, the u. S. Were full employment at 5. 1 . How much longer can you put off on hiking the Interest Rate . It will be a very exciting fed meeting to watch this week. Three more fed meetings this year, the september meeting is taking place this week. Lets move on. Tens of thousands of people took part in promigrant rallies on saturday in an International Day of action. They gathered in stockholm, copenhagen and berlin. In london people held placards saying, refugees welcome here. Germanys interior minister has announced the country is ready to reimpose the border controls in order to, quote, limit the current influx to germany as the refugee crisis shows no signs of lowering. Theyve urged europe to do more and called for a halt to the influx. Lets head to brussels. Reporter good morning, susan. Basically what were expecting to hear is if they can find any Common Ground on the framework for an agreement. They need to redistribute 160,000 people and figure out where theyre going to put them and process them. They need to figure outs moves forward on asylum and migrant policy. Some heady issues taking place in brussels. We had a chance to hear over the weekend from polands finance minister in an interview. Take a listen. We do not agree on the compulsory borders but we do agree to help. Weve talked about the progress in which the Investment Bank for europe which is going smoothly. But arguing that these matters are interrelated. The lack of investment crisis is actually mirror image of demographic crisis in europe and the migrant crisis, on the other hand, is a way to actually address this. So there is a room to actually invest in better integration of the migrants and refugees in europe and this should help to address the aging problem that most of the European UnionMember States face. So polands finance minister talking about the importance of investing in this issue in the future, talking about the possibility that the refugees, migrants will be a boon for the economy. That remains to be seen. Thats something that the european lead jersz have to sell to their folks at home. We understand Angela Merkel was getting flak from the 16 different Member States in germany. They say they werent consulted. Serious issues Going Forward. This all relates back to the issue of security itself and how theyre going to keep these borders secure. Guys. Hali. Thank you very much for that. Lets put the focus back on the european markets. London is in the green. Thats despite strong gains and disappointing asian gains as sri told you at the top. Nonetheless, that hasnt weighed too much on the european market. We were up 3 4 of a percent. We just lost steam in the last 45 minutes or so. Up. 25 . Lets look at the individual european markets. Ftse 100 leading the charge over 1 2 . Germany and france up and italy in the red. Lets look at the big individual stories. Rbs is taking on individual bankers. Williams and glynns spinoff with a public flotation with the telegraph. The ipo will rally the company at 1. 5 billion pounds. Its up in london similar to the ftse. Credit suisse is off. It is expected to sell its u. S. Private banking according to a swiss newspaper yesterday. This is part of the Strategic Review launched in july when he took the helm. Its off. 8 . Abb is off a half a percent. The chairman said hes not interested in splitting the business. Finally, shire is up. 75 . Last month its unsolicited proposal was rejected for being too low by its target. Airbus is set to open its first jet liner production plant in the United States on monday and this is a move to help the french plane maker increase its market share and cut down costs. Lets bring in stefan pedrossi. Stefan, what do you think of this initiative . Reporter its a significant investment for airbus. It has invested 600 billion to build this facility in alabama. Airbus thinks its going to be the most efficient factory in the world. It will produce mainly the airbus 321 which is the longer version of the most selling model 320. It will have the capacity to build up to eight aircraft per month although airbus is not planning to have the capacity. It will produce four aircraft per month. This is increasing production at a global level. Its buying some planes made by airbus because it will be the case made in america with its plans airbus plans to double its market share to 40 over the next few years. Like boeing, airbus will gradually increase the production to cope with the rising demand. Its currently producing 42 airbus 320 per month. Plans to reach 50 units a month by the end of 2017 and its going to adjust its target later this year with a higher target. Stefan, thank you so much. Now coming up on worldwide exchange, uber gets stuck at a red like in jakarta. Plus, high ceo pay is disgraceful says a man worth 4 billion. Well be hearing more from donald trump. The donald as the Election Campaign continues. And has alibaba lost its touch . Find out why beherents thinks its lost more than half its val you u. Value. Red security. Its how you stay connected to each other and to your customers. With centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services all with dedicated, responsive support. With centurylink as your trusted technology partner, youre free to focus on growing your business. Centurylink. Your link to whats next. We have Political Uncertainty once again in australia. Tony abbott giving a press conference in the capitol of cambra. Malcolm turnbull says he will challenge abbott. Matt, people were expecting this given how hugely popular Malcolm Turnbull is. This as we head into National Election 2016, International Viewer it seems to throw a lot of upheaval again and questions in investing in australia when there seems to be no stable government. Exactly right, susan. So you just probably caught the tail end of those comments then from the australian Prime Minister, tony abbott, saying there will be a ballot for the leadership later on this evening and that he will be a candidate and that he expects to win. Everything weve been hearing this afternoon, its been just over two hours since we did first get first news that Malcolm Turnbull would be challenging the Prime Minister, tony abbott. The numbers certainly look as though theyre going in the direction of Malcolm Turnbull, but tony abbott just saying there that australia needs a strong and stable government avoiding labors revolving door of Prime Ministers as we saw under the rod government. He says that his government has laid the foundations for good government. You can trust him to deliver a stronger economy and safer community. The last on this is we will be getting a leadership ballot on this later this evening. No time then with respect to what time that ballot is going to be taking place, but well certainly stay across all of that for you. Lets recap on what happened earlier on. We do understand that julie bishop, the deputy leader of the lip ral party spoke to the Prime Minister earlier today urging him to step down. That was then followed by a conversation with Malcolm Turnbull who said that he would be challenging the Prime Minister. Particular a listen to some of what Malcolm Turnbull told the media earlier. Its clear enough that the government is not successful in providing the Economic Leadership we need. It is not the fault of individual ministers. The Prime Minister has not been capable of providing the Economic Leadership our country needs. He has not been capable of providing the Economic Confidence that business needs. Malcolm turnbull, the former Communications Minister speaking there. He has tendered his position from cabinet and from Communications Minister. Susan and will fred, thats the latest from australia. Looks as though we could be in for another new australian Prime Minister. Malcolm turnbull saying hes going to challenge tony abbott. There will be a party room vote later this evening. No time as of yet when that will take place. Well stick around to bring you those developments. The excitement of australian politics. Matt in sydney. Lets check in on the markets. This week will be the fed, the fed, the fed. Are they going to hike Interest Rates on the october 16th and 17th meeting . If you check in on fixed earning, the answer is no. We have stickiness with the 10year economy. They dont expect any movement from the fomc. Lets check in on the german buniels. Lets flip the page and check in on commodities. We did come off a week where crude pricing broke a twoweek winning streak ending down. Were still lower in the early monday session. Crude losing 1. 25. Gold with losses. 1107 an ounce. Lets check in on fixed income and whats happening with the u. S. Dollar. The dollar turning in the first negative weak. The euro up to 113 levels. Not Much Movement across the japanese yen. Were expecting the bank of japans gov nor to give them more hints on whether theyll expand their qqe program and thats buying a whole lot of bonds right now and flooding the economy with a lot of catch. Will . Susan, thank you for that. Bank of england policy maker, martin wheel, says the rates need to be alongside the rates. The bank of japan unlikely to expand Monetary Policy this week, this according to a reuters policy. This coming despite a raft of poor data. This is showing that the banks 2 target will prove even more elusive. The field of president ial candidates racing for the white house is on, but what if, say, one more name was thrown into the ring . Well, in an email exchange with cnbcs own eamon jab verse, mark cuban revealing how hed structure his own campaign and what it would mean for the u. S. To have a three comma president in the United States. Its a fun idea to toss around, running for president. He said he would likely beat hillary if he ran as a democrat. If he ever went up against the donald, donald trump, he would crush him. No doubt about it. Fighting talk from mr. Cuban as usual. Lots of confidence. I would like to see that, donald trump going up against kind of himself. Im not sure either of them would like to be compared quite so close. It would be quite a story. A joke and disgrace. This is how donald trump described him. Hes amassing a multimillion fortune from running a real estate business. People are saying isnt that a bit hypocritical from the donald . I think its certainly rich. Good words. Well chosen. I do think it does bring in a different debate though which is earning money via income, annual income thats paid out to you by a big company to a ceo versus building capital and equity in a business over the long term. I think both u. K. And the u. S. , definitely the techs building up more capitol than annual income. Its just their income as opposed to the other side of the debate. Im not quite sure what trumps point is here. Thats his caveat. He can say, im not paid the salary, my money comes from dividends. It doesnt count as income. Thats why hes trying to make his point. Im sure many people with far, far less with capitol dont buy it. Do you think that Donald Trumps quote that ceo pay is disgraceful is accurate or not or is it a little bit hip critical for him. Email us or via twitte twitter cnbcwest. Get in touch with us on that. Speaking of a man that makes a lot of money, a lot of money, he made 300 million in one fight with manny pacquiao, were talking about floyd money mayweather. He cemented his place with his final fight. The boxing bohemuth kept his perfect record. He says theres nothing left to prove for him. There was also a fight in london this weekend. Anthony josh ended in the first round. He didnt make 700 million. He didnt make as much. Hes younger. A good prospect for