Im sara eisen. Im wilbur frost. Were paying homage to beyonce. She officially has the most vmas beating out the other songs. Lets check in on the gloeblg markets this morning. Coming off of the down week for u. S. Stocks. All three averages closing lower. Bulls rattled on friday by talk of Interest Rate hikes out of jackson hole. From janet yellen and Stanley Fischer. Futures under a bit of pressure. Not doing a lot this morning. Down 1. S p up. 01. Nasdaq futures down 1. Friday was a big day. We did break out of some of the ranges. That includes the tenyear treasury note. Yields shot up on friday over the 1. 60 level. Multiweek highs there. After that yield for the twoyear yield which is closely tied to a fedex increase. She said the case is strengthening for a rate hike. Fischer clarified in remarks that means september is on the table. Twoyear rate hikes is on showing a slight hawkish overall tone from janet yellen. Lets look at european trade. London is closed. Its the august bank holiday. The unofficial end of summer in the uk. With that, we can expect to see volumes in europe start to pick up meaningfully for the rest of the week, even if we have to wait until after labor day. We are looking at declines around about half of a percent in part reacting to the comments from janet yellen late on friday. Asian trade has seen a negative trade for most markets other than the any key. Still surging ahead. This comes off the back of a weaker yen. Not so much today but late on friday. The yen weakened [ overlapping talking ]. Theres more scope tore easing. Sometimes the market likes it. Sometimes its in as for the broader market. Oil starts the week under selling pressure. Down 1. 3 . Importantly holding that 47 a barrel level. 47. 03. The focus shifts, not shifts. Been all about the september meeting of opec members. Can they agree on production freeze. Also, the weaker dollar lately has let oil rally. Well see if the dollar changes direction and whether that puts the pressure on oil as well. Stronger dollar against the yen giving japan breathing room overnight. Stronger dollar against the euro continues this morning. Now were below 1. 12. Rate hikes very much alive. Against the stronger dollar. 131. 05. With the stronger dollar, weaker gold prices. Gold sold off sharply on friday as a result of this trade. Down. 3 of a percent. Keep an eye on the pound as well. Holding a Cabinet Meeting this wednesday. Starting to form that policy after the summer break. Be fascinating over september when they start to announce what their formal plans are on brexit. She can announce shes trickling article 50 without parliamently approval, right . Thats a stat we think is happening. The conservative party and the sources, seems today thats what theyll do. Theyre in disarray at the moment but its unlikely theyll have much traction. Economic data paints the picture of a resilient uk. For all of the doomsday scenarios, it hasnt happened yet or the experts are totally wrong. Business investment was very poor, whereas retail spending was pretty strong. You wonder how much of that retail spending is tourists in the summer, weaker pound. It might not be sustainable and Business Investment might have a sign of whats to come. Well watch the other bit of economic data. Look for july, personal income and spending here stateside. Thats coming out later today on tuesday. Well get the monthly the employment report, chicago tmi. Second quarter productivity and manufacturing index. Wraps up with the jobs report on friday. Another light week in terms of earnings. Abercrombie fitch, and lululemon. Loud noises at los angel panic as many confused the sounds of gunshots. Passengers at lax were seen running from terms terminals after Police Responded to multiple 9 11 calls from many locations at the airport around 11 45 p. M. Eastern time last night. Conducted two sweeps of the airport and determined that reports were unfounded and there was no shooting. Thank god. Now to todays corporate news, carl icahn turns out bought more than 2 million additional shares of herbal life late friday. The billionaire investor may have been interested in exiting his person in august. They were working to find a buyer for his stake in the Nutritional Supplement company. Nothing materialized. Icahn denies he attempted to sell his stake rejecting claims in an interview on friday that he had been offered some of icahns shares. Icahn didnt dispute that he recently considered selling. He did it amazes me that a guy who hasnt any knowledge of my internal investment thinking believes hes in a position to go on television to tell the world what i am thinking. This is the latest chapter. Chapter 9 on the icahn stakes . The debate over herbal life. It looks like turned sour again. This captivated wall street on friday. It continues. Speaking of icahn, he will be a featured speaker joining a lineup for the sixth annual delivering investor summit produced by cnbc, an Institutional Investor and hear from treasury secretary jk lou, ray dal yoe of bridge water. Others as well. This is taking place september 13th in new york city. You can get more details and tickets. Stocks to watch today. Roche says the emergency use authorization for the zika virus test. The swiss drug maker says the diagnostic test is easy to use and allow doctors to quickly detect the virus. No real move in the share price in swiss trades today. Mylan ceo, told about 100,000 sold about 100,000 shares earlier this month for a profit of more than 5 million. The transaction took place august 9th. The same date mylan reported earnings. But before the controversy over the price of the epipen blew up. Mylan says it was part of a predetermined stock sale. Shares are flat today. Cholesterol drug met targets. Theyre for patients who dont respond to statins commonly prescribed for the condition. Mylan, it continues to get worse and worse. Yes, she could not have known there would be a Massive Public outrage from the epipen price hike. But the fact that she sold shares right before it plays into this idea. She got a raise over the same period of time. She did a tax you continue to look at that sector. Either way, which ever way the president ial race goes its up against it. In a way that the financials are up against it. But theyve had tough for the laes decade. The change might not be as bad. Good point. The s. E. C. Reportedly paid a whistle blower nearly 4 million for detailed information into a probe into alleged bribery of asian and african officials. The company settled the case last year, paying 25 million to resolve charges that it violated u. S. Bribery laws. Shares of alstom trading high in europe. The French Company winning a contract on friday to build 28 new highspeed trains for amtrak in the united states. Something desperately needed. Indeed. The union that represents most Canadian Auto workers has voted for a strike mandate. Meaning workers are in a position to walk off the job if the two parties cant come to terms. This bolsters its position in contract negotiations with the big three u. S. Car makers. The union called yun for representing more than auto workers, chrysler and ford to invest more in the province of when we come back, cocacola achieving a milestone that no other fortune 500 firm has. How the beverage giant is doing its part to replenish the worlds most vital resource. This is a new announcement first on cnbc. We spoke to the chief sustainability officer of coke. Stay tuned. Youre watching Worldwide Exchange on cnbc. Its scary when the lights go out. People get anxious and my office gets flooded with calls. So many things can go wrong. Its my worst nightmare. Every second that power is out, my citys at risk. Siemens digital grid manages and reroutes power, so service can be restored within seconds. Priority number one is keeping those lights on. It takes ingenuity to defeat the monsters that live in the dark. Basically flat in the premarket this morning. Just down around. 1 of 1 . Oil prices volatile the last month. Moves of 1 become the order of the day. We were down about 3 last week for oil overall. That was the first decline in around about one month. We are slipping by 1 again today. 1. 3 to be precise. But we are much closer as you can see to 50 than 40 where we were around about three or four weeks ago. 47. 03 for wti. Cocacola First Company to replenish all of the water is uses chlt the chief sustainability fehr sfor cocacola is here. Tell us, is this a game changer for the food and Beverage Industry. Good morning. Sar is it is. Were excited to replenish more than the water we use. Its historical for us. 337 billion liters of water. The fact that were the first fortune 500 to do that. Its been a great rewarding success for us and many other partners as well. We dont do enough stories on this at the sustainability efforts. I know you and others are going through on conservation of water. Tell us why you guys think this is a big deal for investors who Pay Attention to profits and why its increasingly becoming one of the key Business Priorities at a company like coke. This is a Natural Resource we share. Its important to have access to safe, clean water for the communities in order for us to be able to work and operate in the local areas. For us, water is our number one most critical ingredient in our beverages. Weve used over 300 billion lithers of water and replenished 337 billion in the initiatives. For business, its important to understand the impact on society and how we can Work Together to ensure that as we know water is a critical resource under pressure. Many communities are going to be facing serious issues over the next several years. Whats the role that Corporate America can play in helping to partner with community to solve the Critical Issues in order for us to continue to grow our business. And to be successful and partner in these local areas. What exactly does replenish mean . Is it geographically matched . Are you putting back where youre taking it from mostly . So its not a oneonone. Thats why were still on this journey. A lot of people say are you celebrating . Is this all about the success . Well, i say that this is a time of caution and to drive others to act as well. Because we know that, while were replacing 115 of that water, whether thats wastewater treatment, reusing the water we use and building programs around different local Community Access points, the yanks i river in china or the reef. Its important to know that the journey is really just beginning. We need people to do more, including ourselves. So we are taking a moment to pause and celebrate today, but we know the journey is still under way. We have a lot more work to do. How much does this all cost . Well, weve spent, since 12004 over 2 billion. Thats been investing in our own manufacturing to change how we manufacture using less water in our business. Its also the money that weve put into investing in communities with different ngo partners. Partnerships from the wwf, Nature Conservancy and all the different organizations around the world are who are implementation partners who help us do this to make it operate. As well as partnerships with the local governments. Bea perez the chief officer with cocacola. Its an issue increase lg that mat toers consumers and to investors. Coors has done a lot of work on this and a lot of the food and Beverage Industry companies especially have been trying to. Its not a matter of doing good but a matter of necessity. The biggest ingredients for their drink. Still to come, the president ial campaigns ramp up before the debates begin. We see those face to face clashes. Well get the latest from washington as donald trump get set to address one of his key proposals on wednesday. Before we head to break, heres the National Forecast from the weather channels kelly cass. Good morning. Sara and wilfred. In the meantime, were watching out for showers and storms over florida, tampa, saraso sarasota. Watch out for rain in texas, dallas a hot day for you. 92 degrees. Hot and humid across much of the southeast with the temperatures well into the 80s. New york city getting up to 90 degrees. Hang in there. We do cooldown later in the week. Were tracking another system moving across the plains. Otherwise dry for the west coast. 79 beautiful degrees in seattle. Little warm. For the interior sections of the northwest as well as the southwest. As you can see, temperatures well into the 90 az and triple digits in parts of arizona. Thats a loog at the National Forecast. Well be right back. Expenditures this morning capped off by jobs report on friday. In the currency market, driving the direction this morning. Bigger moves on the increasing fed Interest Rate hike talk from janet yellen and Stanley Fischer on cnbc on friday from jackson hole. If we can look at the dollar against the major currencies right now. Youre seeing a stronger dollar against the japanese yen. 102. 19. Breathing room for the japanese authorities. Its stronger against the euro as well. Back down below 1. 12. This is the highest treasury yield since back in june. Indeed. That follows a move against the yen on friday as well. Lets move on to politics with just about a month until the first president ial debate. Donald trump and Hillary Clinton are taking a day off from the campaign trail. Trump is still making news announcing hell make a major speech on immigration this week. Tracie potts joins us with more from washington. Tracie, good morning. Hi there. Good morning. While hes preparing for that, hes getting ready for the debate coming up now in less than a month. Turns out trump and clinton have very different ways of getting ready for that faceoff. Hillary clinton has more fundraisers today and tomorrow. She raised over 11 million sunday amid debate prep. Advisers say shes studying policy, shortening her answers and preparing for the unpredictable. Wellbehaved modest trump. I doubt well see that. Kind of off the rails trump. Forces say hes less formal preparing to discuss issues than mock deebts. He wont prepare the way hillary does which is locking her in the room and cramming her head with binders. Hillary clintons corruption has been exposed again. Trump new web ad targets emails and state Department Meeting with Clinton Foundation donors. When republicans meet with their donors, they call it a meeting. The others call it a conflict. In a predominantly black community at a church in detroit saturday, wednesday in arizona hes giving a major immigration speech after confusion about whether he deport undocumented immigrants or let them stay. No path to legalization, no path to citizenship until they leave the country. Trump said he would work with lawabiding immigrants who have been here for years. So he gets a chance to sort all of that out, clarify it on wednesday in arizona. Trump tweeted about the speech overnight saying that it will be a major speech. That hes expecting a big crowd and theyre already looking for a bigger venue. Tracie potts thank you for the update. Well watch for it. Speaking of trumps tweeting, hes getting backlash of the Fatal Shooting of dwyane wades cousin. The 32yearold was accidentally struck in a gangrelated shooting in chicagos south side while pushing her newborn in a stroller. Trump taking to twitter to write just what ive been saying, africanamericans will vote trump. Backlash broke out on twitter with Michelle Williams and don cheadle speaking against him. The republican president ial hopeful he continued his push to appeal to africanamerican voters. Thats really been his message lately in the last week and a half or so. He tells them what do you have to lose . Absolutely right. Be interesting to see if the immigration speech changes the movement in terms of what people are thinking. To singapore, there are now 41 confirmed cases of zika. Those cases were locally transmitted and they expect to identify more in the coming days. The countrys Health Ministry says most were among foreign construction workers. Over seven infected had recovered. None traveled recent to the affected areas. The first case in may brought in by a middle aged man who had been to brazil. Commercial drones go into effect today. They must pass an aeronautical exam before allowed to fly. They wont have to get a pilots license which was a point of contention. Under the rules, drones must be under 55 pounds, they cannot fly at night or higher than 400 feet. They have to remain in visual contact with the operator. The new faa rules include limits to hamper the arrival of Drone Services such as package delivery, which amazon and others have been seeking. Still to come, the top stories and Global Market action. Plus, spotify founder and seep owe tied the knot in italy this weekend. You wont believe who was on the guest list. Stay tuned. Youre watching cnbc, first in business worldwide. Gilman go get it, marcus. Go get it. Coach gilman used his cash rewards credit card from bank of america to earn 1 cash back everywhere, every time. At places like the batting cages. [ crowd cheers ] 2 back at Grocery Stores and now at wholesale clubs. And 3 back on gas. Which helped him give his players something extra. The cash rewards credit card from bank of america. More cash back for the things you buy most. 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