A rival Payment System that could be rolled out next year. Laying down the law. Activist investor bill ackman and valeant must face Insider Trading charges. Under review, iac puts a offer on the table for angies list sending shares in the company 11 higher in after hours trade. Welcome back to the program. Just looking at how the u. S. Markets are setting themselves up for trade we have 4. 5 hours to go before you get there. Both see an opening slightly lower with nasdaq a little bit higher. The dow closing down by 56 points yesterday. Setting itself up to snap its six week winning streak. You have the s p 500 on its 5th negative day in the past six sessions. 6 out of 10 in the s p sessions finishing negative yesterday with Energy Leading the pact to the down side. A loss of almost 2 seen there. Now when looking at our european markets we were called slightly lower. A couple of points lower most are hanging on to that trend. You have the cac and the ft ftse mib lower shy of 1 as well. Were seeing it taking place in our european stocks this morning. Looking at commodities in brent in particular. Flat to higher. 45. 84 at the moment. Over the past week were off by close to 5 just so a lot of people looking very closely at the iea report. Very close at some of the Inventory Data as well and of course also what the knock on impact is if we head toward a fed rate hiking cycle how thats going to impact the dollar which inturn impacts brent as well and crude of course. When looking at the currency markets out there you have a lot of activity scene in the aussie dollar starting over here. Higher by 1 or so. I dont know if you saw it but we had some very strong october jobs data. 58,600 new jobs in october. The forecast was for close to 15,000 which couldnt lead to the question that we might not see a cut from the reserve bank of australia. The euro dollar hanging on to that 107 level. We had mario draghi speaking earlier and indicating that he is leaving the door open for more action to happen in decembe december. But lets head out to sri in asia. Yeah, those jobs numbers knocked it out of the part, didnt they . So men at work springs to mind if you remember the 80s as i did. Im showing my age. Anyway, lets take a look at the markets. Aussie dollar higher today. Up by well over 1 but were off from the session highs. This is where we stand at the moment. 71. 53. Youre quite right. I dont think that in terms of the policy implications theyll start tightening. Were miles away from that scenario but they could be on hold for that much more longer. Elsewhere, in terms of the equities Market Action, the hong kong index was higher as well today. Up by 2. 4 . That was largely thanks to the Ecommerce Firm at tencent reporting some very strong numbers after a singles day. So the Chinese Consumer is in good form. In term of the Market Action for the shortterm it will come down to the fed. You have been talking about this with carolyn. We have a number of fed speakers including Stanley Fisher and the head mistress herself. So are their comments going to be consistent with what the market is now starting to price in carolyn . And that is december lift off . How hawkish or otherwise are they going to stand . Back to you now. Thank you for that. Lets get back to the ecb. Mario draghi surprised the market this morning with the strongest hit yet that the central bank could expand its Asset Purchase Program at its december meeting. We will closely monitor the risk to price stability and assess the strength and persistent of the factors that is lowering the return to inflation to levels below but close to 2 . At our december Monetary Policy meeting we will reexamine the degree of Monetary Policy accommodation. If we were to conclude that our medium term price stability objective is at risk we would act by using all the instruments available within our mandate to ensure that an appropriate degree of monetary accommodation is maintained. Consistent with our Forward Guidance, the Asset Purchase Program is considered to be a particularly powerful and flexible instrument. In fact, we always said that our purchases would run beyond end september 2016 in case we do not see a sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below but close to 2 over the medium term. Other instruments could also be activated to strengthen the impact of the Purchase Program if necessary. I want to bring you up to speed. Just in the last few minutes draghi also said that a too long period of low rates provides Fertile Ground for Financial Stability problems. He added that the ecb has to monitor risk carefully and also said there is a recovery taking place in previously stressed countries in the euro zone. That recovery is slow. He said the ecb needs to be aware of risks through recovery through the emerging market slow down. By and large ill actually really surprised that the ecb is giving us such a strong hint for its december movement and stimulus. The Euro Dollar Exchange rate has dropped so much. Its dropped 5 over the last couple of weeks and at one point it was back below 107onthe back of Mario Draghis comments. Thats effectively doing the job for the ecb. They would never admit that the Euro Dollar Exchange rate is the policy target but thats one of the most, maybe the most important. Absolutely. Do you know whats interesting also about the Financial Stability comments that he was making indicating there could be a risk there . Thats mirroring verbatim almost what they were saying just the other day as well. I think there was one woman actually in that group . Continued low rates that they could create a significant risk to Financial Stability and they talked about it would be a threat to banks and ensurers if we had low rates for longer. So its interesting to hear draghi saying the same thing as well. They know its not sustainable in the longterm. Certainly not. Lets get to am news. Interesting overnight. Apple is reportedly in talks with u. S. Banks to develop a person to person mobile Payment Service. Reports say apple is in discussions with jp morgan, wells fargo and capital one but its unclear whether they actually signed on. The service would let users transfer funds from their Checking Account and would be linked to apple pay. They could roll the service out sometime next year. Quick check of apple shares and how theyre trading. Paypal off 2. 3 . Now we reached out to paypal. Comment to cnbc. While we dont comment on rumors or speculation we welcome any development that encourages people that address the awkwardness of dealing with cash when paying friends or family back but they point out that their system is very much in use. Our Services Work against operating systems as well as online. Im sure they wouldnt love it if apple gets into the game and takes a slice of their pie. This is such a crowded market. I mean, paypal, google, snapchat, square, which we have been talking about possibly going public. Hurry up before apple goes in and go public before. If you get rid of apple pay, though, then this might be a Good Alternative and that might be what theyre trying to do because with apple pay, you cant pay each other. Like i read i think a wall street journal article if you wanted to pay me for the coffee i bought you, you couldnt pay me. I cant. So thank you very much. No worries. Thats why Something Like this or like an article said you want to pay the one that does your lawn mower every week, you cant do that either. This might be a good way of starting a new technology in a crowded market. Yeah. You know its almost black friday. Almost. A couple of weeks. Every time its black friday i go where did the year go . What happened. Walmart unveiling its black friday plans. The retailer will offer most of its door buster deals online and in stores for the first time but give Online Shoppers an early jump on sales. Last year walmart stretched its black friday deals but this year most will be rolled out at walmart. Com at 3 00 a. M. Thanksgiving day. Have you bought anything. On black friday . Yeah. No, i wouldnt do that. It used to be back in the day in denmark, many, many years ago it used to be quite a thing. You would go with your friends and get the latest sneakers or whatever, stuff like that. But now it feels like a lot of people want to avoid thats my idea of like now youre queuing online. Youre waiting online and i hate that. I just hate waiting in that queue and you feel like you can never buy what you want. But for me its almost, the argument, why would you want it necessarily just a couple of hours in advance if you can get it online a few hours later. You get the best deals. Thats why. Youre right. Now novelty christmas sweaters, the ones you usually wear. The ones i wear outside of my job. Theyre designed to spread festive cheer but one of targets steins is sparking anger on social media apparently because the words ocd, obsessive christmas disorder are printed on the sweater. Target is facing criticism for try trivializing obsessive compulsive order. In a previous life i worked in this arena but on the other hand, this is a light hearted joke, is it not . Obsessive christmas disorder. Its a fine line, isnt it . It is. Maybe they should stick to the reindeer sweaters. Maybe they should do that. As we head to break, we have another break coming up. Lets give you a run down, weekly jobless claims are out at 8 30 a. M. Eastern. Expect it to fall suggesting the u. S. Jobs Market Recovery is gaining momentum this month. The federal budget statement is expected to see it widen in october. Six fed officials are speaking today. Report earnings before the opening bell while they are out after the close. Welcome back. These are the headlines. Diverging in december as the fed looks set to hike next month. Mario draghi hints central bank could expand qe. Apple and paypal go head to head as the iphone maker is in talks to develop a new mobile Payment Service and walmart unveils that it will offer its black friday discounts online and in stores for the first time ever. Hi, everybody. Well, the u. K. Brewer sab miller posted a jump in sales during the second quarter. Those numbers coming just a day after rival ab inbev launched a formal 100 billion bid for the firm. The deal is still expected to face major regulatory hurdles, though. We have been looking at an impressive set of numbers from siemens. They announced a 3 billion euro Share Buy Back program after beating forecast with 4th quarter numbers. They also hiked the full year dividend. The ceo of the company spoke first to cnbc after the release of the numbers and he warned that china could weigh on numbers over the next couple of quarters. We do see that the investment output in china has been down. Theres a big opportunity in china still although the new normal may be something between 5 and 7 rather than double digit growth which we have seen in the past. German utility rwe said it will only just barely reach full year targets after posting a drop in nine months profits. The company is struggling with its british arm and power which swung to a loss in the period. Joining us now on the phone is the cfo at rwe. Thank you for joining us. Lets cut right to the chase. Your rival is splitting up. If you dont get these issues in the u. K. And also the struggling German Electricity market under control would that be a viable solution for you too . Well, we always said that it is not our plan a but there may be external conditions which might make us consider it as a serious plan b and one of those is certainly the situation in the german conventional power generation, especially the no power prizes which increase pressure on that type of business although we would look for the other auctions. If you take a look at your share price, your shares have gotten hammered over the last nine months or so. Youre down 50 or more year to date. In part because theres so much concern about the german decommissioning and you have set aside enough funds. As a cfo, i find it hard to believe that you wouldnt be worried about your share price. Do you think that now some of those concerns have been put aside . Well, i certainly share your observation and you could see that after these statements by the minister for the economy the share price recovered a bit but theres still many investors in the market. This was just an intermediate step toward the longer Term Solution on how to longterm finance and fund the exit. Theres still a few more steps to be taken in the political process and until this is fully resolved there will be some sort of overhang on our share price. Unfortunately, id like to of course see it go rather sooner than later. Good morning. Its louisa. How big is client loss for you at the moment . I mean, you have lost 200,000 customers in britain over the first nine months. Especially in the u. K. That the problems really are occurring for you. How are you going to be dealing with this in the future . Well i think we have a tail of two different stories there. The one is what is happening in the u. K. This is clearly a significant operational challenge there which we need to sort out and we have dispatched a new operational board to sort these issues out and get the business back on track. In terms of the overall magnitude its nothing which puts the whole group at risk but of course its something that we need to get our hands arn. And the rest of our Retail Business on the continent were not losing customers. Quite the opposite, were very successful there. Our numbers are on the same level as last years numbers and this includes the hit we took in the u. S. The rest of the business must be running better than run the year before. How do you respond to critics that say i want to see a viable turn around plan . For the u. K. Or for the company as a whole . For the u. K. In particular . Yeah, well its a fair question and we have said in the press conference a couple of minutes earlier that we present the overall picture on the u. K. With the year end numbers and this will also include the turnaround plan. The timetable until when we will have sorted those problems out. Thank you very much for your time this morning. The cfo. Now still to come here on worldwide exchange, bank bs ware. Currency companies are out to woo your customers. Thats the message from block chains ceo. Well be hearing from him after the break. Hi watson. Annabelle, your birthday is tomorrow. Im turning seven. What did you ask for . A princess. And a pony. You like things that begin with p. I like pink frosting too. Will you have a cake . Yeah. I was too sick to have one last year. The data your doctor shared shows you are healthy. Are you a doctor . No. I help doctors identify cancer treatments. I want to be a doctor someday. I can help with that too. Watson, i like you. Hi, everyone. Welcome back. Block Chain Technology could change the landscape of the financial industry. Those arent the words of a bitcoin enthusiast but were said at the Boe Open Forum on wednesday. Lets head back out to nancy at the tech conference. Nothing slushy about it nancy. Loads going on. Thats right. A lot of innovation here. Were talking about 15,000 participants here with entrepreneurs and investors meeting and discussing the latest start ups in the strive for entrepreneurship in europe. One of the biggest topics is trying to embrace it as an opportunity. One space banks are trying to react to is the rise if Bitcoin Technology known as block chain. Its the technology that drives b b bitcoin but also has the ability to release a great deal more. Joining me is the ceo of the largest bitcoin wallet. Thank you for joining us. Theres been so much hype, big buzz around the block chain itself and youre the world leader in the block chain wallet. I want to get to the uses in a minute but tell us about the opportunity here when we talk about banks a donting the technology and far reaching beyond bitcoin itself. An open protocol and its efficient, its fast, and it really enables you to jump the curve. Enables you to jump a lot of legacy systems and migrate on to one open, secure and efficient platform. What does that look like in practical terms . If i want to adopt this technology, what can i put it to use for to help with costs. It would represent a radical change. Bank versus been very closed. Very sort of prop system driven. This is an open platform so this will be a radical departure for Bank Strategy but almost anything that a bank does today could be done on this protocol which means that the way the banks operate and systems work could be radic cli transformed and would be efficient and a lot more cost effective. Have banks approached you in terms of how to use your technology and perhaps partnerships as well . Sure. Partly as a result of our leadership in the space and we have been approached by 100 banks at this point including most of the tier one banks. Its going to be a really long road. I think that the road to transformation for the big institutions is really political and i also think that the technology itself has growth to do as well. You say long road is that one year out, five years, ten years . I think its like a four or five year road map so my guess is at least three years. Lets talk about what block chain is best known for at the moment. Its a new york company and thats this wallet for bitcoin use. Can you give us a better idea of how you intend to stay competitive given that you have quite a few competitors trying to contend for the leadership role in this space. Yeah, Core Infrastructure