Is not in the cards. We went into it in detail when the formal offer was put in front of us. But its a no show. The Fiat Chrysler ceo buys a bit more time with the United Auto Workers union which says it will keep negotiating with the car maker. Lift off for amazons jeff besos as he brings his dream of launching rockets into outer space to floridas Cape Canaveral. We had the lowest volume session in a months time. Also the narrowest trading range that we have seen since august 18th. That tells us that everyone pretty much is on the sidelines right now awaiting that fed rate decision. Lets check in on u. S. Market futures. Were not going to see Much Movement at the open. The implied open. Were going to be down close to 3 points. Dow jones industry looking for a decline of 20 points and nasdaq should be lower by 7 and a quarter points or so. Lets also just quickly break the german numbers, Current Conditions came in at 67. 5. The expectation was for 64. Thats better than expected. Expectations came in at 12. 1. The expectation was for 18. 5. Euro is down by 10 basis points on the day. Lets get back to the top story which is the rate debate and what Central Banks are doing this week. We heard from one already today and ahead of it, data out of japan had been soft so it was further easing going to be unleashed . Well the answer was no. As expected, no change from the existing policy later today given that the october meeting come with more releases if there is to be easing that is likely to be the date rather than today. What about the commentary, though . Surprisingly upbeat, in fact, on the domestic situation. The assessment of domestic demand remained optimistic emphasizing that Business Investment continued to recover moderately while private consumption remained resilient. Not in mind with the latest out of japan recently. As for the commentary on the external situation that was unsurprisingly down beat. The change was that export versus been more or less flat where as in august they have been saying that they had been picking up. From tokyo when the bank may be pushed to change its stance. Some are you starting to say that the bank of japan may have to ease further possibly as early as october and some are saying that will come together with a fiscal stimulus package from the japanese government. For the time being they maintained their 80 trillion yen Asset Purchase Program and some are starting to wonder how much fire power that has and whether or not thats triggering a dry out of liquidity in the market had a little bit of a knock on effect pushing it toward 120 and shaving off a few points. Thats the latest on the bank of japan back to you it has the potential to ease further and talking about the Federal Reserve and what theyll do with Interest Rates. He says if they hike Interest Rates its a good thing for the worlds economy because it shows that the Worlds Largest is recovering. Lets check in on what were expecting. Everyone has it marked in their calendars and if youre a Market Participant which is what theyre calling them now most people are sitting on the sidelines waiting with baited breath as to what the fomc is going to do. Its a 28 probability theyre going to hike Interest Rates. If you look at market derivatives theyre pricing in an event chance now that the fed isnt going to do anything for the rest of the year heading into 2016. Black rock the Worlds Largest money manager, theyre telling us theres a 40 probability theyll move this week. If not, 15 probability in october. The increase that to 20 in december. So heres what they have been telling cnbc. When the Federal Reserve raises Interest Rates that means that the u. S. Economic recovery is quite robust and strong so i think that you might think that u. S. Monetary policy, monetization could effect adversity emerging economies and so on. I dont think so. Because as i said, the fact that the Federal Reserve will raise Interest Rates reflect Strong Economy in the u. S. Theres two possible that raising of this particular Interest Rate may have a gradual manner bearing in mind that the Market Players are expecting this particular event and in many ways they have priced it into valuation of their assets and in this case, theyre not going to be any dramatic changes in the environment. But the second probability is also possible. The markets may respond in a very nervous way and then generally speaking through an increased global turbulence that may effect the russian economy as well. My position over time has been dont do it when the world is in turmoil. Everybody knows it has to happen but pick your time and i think if the volatility weve seen calms down, it could happen sooner rather than later. Lets talk about it. An even call on the markets. Lets go live in new york. Joining us with his views, we have boris of bk assets. Thats the call right now. Some are saying with the market turmoil i think they have to put off the tightening for now since Larry Sommers says the market sell off has wiped out 600 billion worth. So its already done the job for them. I have always been arguing theres zero economic reason for the fed to hike rates right now. Its a symbolic gesture. They want to lift themselves away from zero Interest Rate bound and move themselves into traditional Monetary Policy but theyre trapped because of all the global turmoil happening around them and in many ways theyre not masters of their own fate at this point. It puts them in a very tough situation. If they do hike rates its almost certain that theyre probably communicate, this will be one and done in the sense that they wont do further tightening forward. Whatever you have will be quickly he rquic quickly evaporated if they made the communication. You already see dollaryen starting to slide below the level ahead of this if the market gets jittery. The economy while doing relatively well is not sustainable at this point for a bullish rate. It seems the least likely at this point because of the global turbulence. So whatever happens i think its not going to be a important event. It will probably be a one day event and after that the market will go back trying to look at figuring out where the Global Economy is going. Some say it raises off the uncertainty in the markets. Boris, one interesting theory you have thrown out there is that instead of hiking rates 25 basis points this week they could go 15 basis points as a signal right . Some sort of symbol to the market. Exactly. They could do Something Like that which is actually an interesting proposition because it does provide a symbolic rate hike and puts them on the path toward traditional Monetary Policy. It will be interesting to see if they decide to choose something unconventional like that but either way i think its just the beginning of the story. Not the end of it in the sense that whatever theyre going to communicate, the drama is going to resolve itself. We can see how the Global Economy is performing and we can see a consistent and conditional tightening going forward. They could just hike one basis point and go from there. I think that would be too symbolically too little. I agree. But 25 isnt even that big of a hike. If as an investor you are worried at the moment, theres a lot of fear in your mind and you want to buy some kind of protection, do you buy the u. S. Bond market or the fact that were getting closer to a hike, at some point, does that mean its a stupid thing to buy . What is there to buy at the moment if youre a bit cautious . Well, i think its if we do have a risk aversion move here historically its been a great time to buy equities now because they tend to rally in october and november but over the last ten years unless you anticipate a 2008type of event its a great time to buy because equities rally into the end of the year. Also assuming that the Global Economy stabilize which is relatively reasonable given that conditions everywhere dont seem to be in a stress mode as they were before. So ultimately its probably going to be a great time to come in. Well have to leave it there, im afraid. Managing director from bk asset management. Space really is the next frontier. Jeff besos is bringing his dreams of launching rockets to outer space and the state of florida. The amazon founder is holding a press conference at 9 45 eastern time with the Orlando Sentinel reporting that hell probably announce plans to launch rockets from his company blue origin at Cape Canaveral and theyll set up processing or Assembly Operations in the state of florida as well. Spacex launches rockets and space capsules. Nevada is awaiting a nasa contract. Blue origin aims to send tourists into space and carry scientific equipment for experiments in the future so yes sit the next frontier. It is. Or rate hikes. So exciting. Still to come on the program, legendary investor carl icahn is betting big on energy stocks. Well bring you the details of his latest investment right after the short break. Without the internet i would probably be like a c student. Internet essentials from comcast has brought lowcost high Speed Internet into the homes of hundreds of thousands of lowincome families. It lets students do homework and study at home. So far more than two Million People across america have benefitted. Internet essentials is going to transform the lives of families. I see myself as maybe an entrepreneur. Internet essentials from comcast. Helping to bridge the digital divide. Fiscal spending in china jumping 29. 9 in the month of august. It is the biggest injection in Government Spending since april according to official chinese data. Beijing also seized up to 1 trillion yuan of local budgets but that didnt stop the markets from ending in negative territory once again. No, thats right. Try as they might, beijing continues to pull out all the stops to sooth the nerves off the Retail Investors in the stock market but were getting mixed signals. Theyre moving in the right direction in terms of fiscal policy support and to back up the monetary easing but the sense of the markets is that its too little, too late in the cycle and the Economic Data continues to scare the horses and were down by 6 in terms of mainland equities so far this week. 3,000 is the critical major support level. We could break it tomorrow, once again. I want to talk about the nikkei 225 and japanese equities. The sell off in broader asia, many investors and Money Managers including Goldman Sachs a couple of weeks ago says thats where the market is trading around 14 to 15 times earnings. The market still seems to be looking for more policy support there than the boj. You have been talking about the move to expand asset purchases. In terms of the corporate stories theres m a activity around the food sector. That helped bolster the food shares so were holding the line above 18,000. Its all about the fomc asian markets watching this one very, very closely. Especially malaysia and indonesia. Back to you now. Thank you so much. I want to say that Global Markets are watching the fomc. Lets check in on the european session on this tuesday. More pronounced declines, the ftse by close to. 7. The cac down by 5. Lets see how thats rolling into the u. S. Market open. Futures in trade telling us the implied open, well be down 4. 5 points for the s p 500. The dow is pricing at a lower start of 40 points and the tech heavy nasdaq may be declining by 12 points. Lets remind you of the headlines before we head to break. Investors wait for the sidelines for the fed with futures just below flat. They move closer to a deal after extending the current contract and the u. S. Senate will vote again on a resolution to reject the Iran Nuclear Deal. Worldwide exchange, were back in a couple of minutes. T and d which means you can watch movies while youre on the move. Sitcoms, while you sit on those. And even fargo, in fargo binge, while you lose weight and enjoy a good cliffhanger while you hang from a. Why am i yelling . The revolution will not only be televised. The revolution will be mobilized. Introducing the all in one plan. Only from directv and at t. 8 people are dead and five more missing following severe flash flooding in arizona. Two vehicles carrying a total of 16 people. Three people have been rescued so far. The u. S. Senate will vote to move ahead on a republican backed resolution to reject the Iran Nuclear Deal but the outcome is expected to be the same as democrats are poised to block this measure preserving a Foreign Policy win for president obama. Republicans are working on crafting new sanctions to maintain a hard lined stance on iran while theyre planning to support them in next years elections. Cyber security will be there as they meet later this month. Speaking to reporters the white house spokesperson said u. S. Officials have been blunt and candid about their concerns. It comes amid reports the Obama Administration will not levey sanctions ahead of the washington get together. Our next guest is the ceo of san jose based Vetra Networks which develops technology to protect data breaches as they are happening. A very good morning to you. Good morning to you. Thank you for joining us. Id like to kick off with a story there, that meeting coming up between obama and theres lots of stories that the chinese are hacking u. S. Companies. How much truth is in that . Very much truth to that but the bigger question is what are they doing to protect themselves because if its not the chinese, it could be somebody else and anything that gets discussed but its critical. Is it a sense across all of the world that these types of attacks arent as severe . Theyre not as serious as a military attack and the response of them is still underwhelming. When you have a massive data breach and you have personal data that gets there the economic consequences are pretty severe. When youve got a public loss of confidence that if im going to share my data with my Health Care Provider or the Retail Company and that data is going to leak out thats going to prohibit me from doing business with those entities so while it may not have the devastating consequences on the attack its severe. Since there are a lot of fingers pointed in the chinese direction some say that actually if you take a look at the whole scheme of hacking a lot more attacks come from u. S. Originated groups than anywhere else. Is that true . You have to separate, lets just call it war craft. When you look at it from a war craft point of view any advanced economy nowadays has cyber as part of their arsenal and then youve got hacking attempts. And from tha regard theres few countries that are more active in this regard than others are. I dont think the United States, in my view, at least, is out there chasing economic intere s interests. Theyre probably looking out for economic progress for those in their countries. We know Cyber Security is an important issue growing in level of that importance. Lots of companies have come on and talked to us. Why would you single out your own company . What makes you different . If you put yourself in the customers choose they have two fundamental realities. One is that a breach takes about 200 plus days to discover. Thats number one. But if you want to have an impact on that it will require an army of people to address that. What we bring to the table is the ability to do this in an automated way. They dont have resources and they cannot find the people to go and deal with Cyber Security. The answer has to lie in what you can do with the platforms and that is our core premise. Lets talk about cars and well have a listen at the head winds theyre currently facing in china. We definitely flexible to the market demand to we see good markets growing in europe and solid growth in the United States so theres other markets in the world where were balancing the situation in china. Overall bmw is following the strategy. If the market is normalizing in the recession we can compensate that with other markets. What we know is that the process is coming to a point. We see the socalled new normal in china. At least in august we saw that they started once again a little bit. We are confident that we see further growth in china so at least coming to our point we dont change any Strategic Investments in china. In china we already have a stable market for us since three years. So there was a stop in the growth already some years ago and now we are going against the market because we have new products in the market so we will close this year better than the year before. Risks and capture opportunities. 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