Good morning, welcome to World Wide Exchange. Im sara eisen. Im wilfred frost. Good morning to you from me also. Its throw back thursday. Throwing it back with summer theme classics. I dont know the difference of the tunes, but i like them. Still upbeat. Still warm here. September is raining in the uk. Its always raining in the uk, isnt it . Often. Before we get to the markets. If you missed Donald Trumps highly anticipated speech. Lets catch you up on what happened. Self declared softening on the immigration issue to where to be found. Instead, trump, recommitted to hard line policy including mass deportation after repeating horrifies taels of murders and rains committed by undocumented immigrants. Trump said anyone who leaves the u. S. Illegally would be subject to deportation. We are going to trip it will number of ice deportation offices. Within ice, i am going to create a new special Deportation Task force focused on identifying and quickly removing the most dangerous criminal, Illegal Immigrants in america. Trump again vowed mexico would pay for the construction of a border wall between the u. S. And mexico, but the speech came just hours after trump met are mexicos prosecute who said his country would not fund trumps wall. Have more on last nights speech and political headlines when nbc tracie potts joins us in just a few moments. Clearly immigration is a key important for business. Lets check in on the markets this morning. As you can see, futures are marging higher on this first day of the month of september. Historically the worst month of the year. S p up almost 6. Nasdaq up 19. This after a selloff yesterday and comes on the better than expected chinese manufacturing data. Treasury sold off in august with yielding ticking higher. Up in 1. 60. 1. 59 on the tenyear. Happy pmi die. We ended slightly negative. A lot of rotation amongst that. Kind of flat performance hides the rotation we saw out of the safeties of utilities and telcos into the likes of industrials and financials. Lets look at whats happening around the world this morning. European equities pretty strong as you can see. Germany up. France is up 1 . We did have manufacturing data. It eased a little bit. Nothing major. It was expected to be 51. 8. Uk manufacturing pmi the one of note coming in strong. Significantly so bouncing back from all soft performance in july. Suggesting that was just one aberration, the disappointment postbrexit. Like some of the other data we had, retail sales has been stronger suggesting that things might no be as bad as expected and uk pound has jumped on that news. Lets have a look at asian trade. Fastest pace in two years in august, the data coming in at 50. 4 versus consensus for 49. 9. Dont take too much into that. This is pretty volatile, this reading and often more positive than the later reading. It is across kmods. Hong kong stocks at the highest level since august of 2015. Theyve been on a tear. The broader markets is having an impact on the commodity sector. Commodities like copper and tin all rallying. Wti coming up a bit here after a steep sell off yesterday. Still a positive month for august. Closed 7 . Wti sitting below 45 a barrel though. Watch the recent weakness. Yesterday, brent, the International Benchmark sits below 47 a barrel. 46. 90. It is flat this morning. As for the u. S. Dollar, see how were starting the month after a strong month during the month of august. Ahead of tomorrows job report, the dollar yen stronger again. Its been stronger every single day lately. Highest level since back in june. Above 103. Expectations that the fed may move to raise rates is giving the japanese some breathing room who have been worried about the stronger yen. Its gone the other way lately with the dollar making a move higher. Its interesting the Dollar Strength against the pound. It didnt against the yen. Facing the possibility the bank of japan and the fed going opposite directions in the same month. Thats why in the last week or so the yen has really seen softness and continued softness. The notable one moving today is the pound after the better than expected manufacturing data for the month of august. We also got private sector jobs. Could be a prove for tomorrows job report. Economists looking for a number around 185,000 jobs add instead august. Give you gold. It is lower again this morning by 2. 50. Todays agenda is full of economic data. Weekly jobless claims. Along with labor coursts. July construction spending. The big auto maker release numbers. More on that . Just a minute. Cleveland fed president Voting Member is speaking this amp. As for earnings, campbells soup is before the bell. After the bell we hear from broad kom and lieu l lululemon. Looks like some money may be headed home. In an interview with the irish broadcaster. Apple ceo tim cook says the giant expects to repatriot billions of dollars back to the United States next year. He didnt say how much would be returned. Apple does have 180 billion parked offshore. More than any u. S. Company. Thats clearly in focus this week after the eu ruling ordering apple to pay 14. 5 in back taxes to the irish government. Weighing in with newspaper following news ireland will recover the money in unpaid taxes. Cook strongly rejects the assertion by the European Competition minister commissioner tham apples irish tax bill amounted to just a fraction of 1 . He says apple paid 400 million which made apple irelands highest taxpayer. No one did anything wrong. Island is being picked on. This is unacceptable. It is total political crap. You dont often hear executives say that. Gives you a sense of how apple feels about that. I like were able to say that word on air in the United States. Its a bad word in the uk. I like it. Total political crap. He said the word crap. Im using it now as a chance to say it. Im not usually allowed to say the. Go crazy. Strong words. Good to see hes coming out. Not just. Now its going to be a legal battle for potentially years. Well wait and see. Unfair to ireland more than apple. Interesting he was saying as well clearly disagreeing with the verdict. Lets move on to other stocks to watch today. Sneak prove of what were going to talk about. Sales force. Com reporting a rise in revenue. Strength in cloud products. Salesforce ceo addressing the issue with jim cramer on mad money last night. You saw the mna activity that we have done this quarter. That of course has weighted on our numbers and yet of course we are delivering these greater quarterly numbers. Number two, we did have the Foreign Exchange situation that we just talked about and number three, we did see a bit of softness in the United States at the very end of the second quarter. And these three things together is what is giving us an appropriate conservative view for the third and fourth quarter. Down in the premarket. High expectations with this one. I mean, still its a company posting more than 20 growth. That forecast at the low end of the range, 26 just wasnt good enough for investors and at least came on to explain some of the factors like 4 x and the u. S. Weakness bind it. See how the shares trade today. They got punished after hours. They did, 6 . Samsung hitting twoweek lows. Delays shipment for galaxy seven smartphone. Batteries exploded while the phone was sharcharging. That would be a Quality Control worth working on. Down 2 in korean trade. Box reporting a quarterly loss. The loss was smaller than analysts expected. Revenue rose 30 . Raising full year earnings and revenue outlook, but its down 1. 5 after decedent performance of the last three months. Other earnings to watch. Five below, raising full year outlook. However, projections for the Third Quarter which include that critical back to School Shopping season and halloween, came in below analyst forecast. Mcdonalds naming a new head for u. S. Operations. Current president is retiring after two years in the position. He did play key roll in the fast food chain makeover in the past year. Being replaced by chris who joined mcdonalds last year from craft foods. Mcdonalds shares unchanged. Had a nice run up in the last year. Back to the data calendar. Number of economic reports out today, key indicator of consumer stregth. Landon dowdy looking at three things to watch in auto sales. Good morning. Bright spots in the u. S. Economy. Here are three things to watch in the todays report. First the numbers forecaster calling for annual sales rate of 17 Million Units in august. Incentives growing slightly. This summer isnt delivering expo sieve sales like last year, industry is on pace to set a sales record. Second the truck americans continue to flock to dealer showrooms to buy suvs and pickup trucks and auto makes are expected to report robust demand for bigger vehicles. Chevy silverado. Third thing to watch, sales events. Labor day should boost sales. Look to accelerate incentives such as cash back and low interest rate. A trend that should benefit the consumer. Back to you. We will be watching. Thank you. When we come back, todays trade of the day. Stocks that could rally in the new trading month. As we head to break, close out the month of august. Breaking multimonth win streak. Both falling fractionally. As the nasdaq on the other hand posting second positive month in a row. Up just shy of 1 . Lot more market analyst coming when World Wide Exchange returns. You get used to sweaty odors in your car, you think it smells fine but your passengers smell this. Eliminate odors youve gone noseblind to for up to 30 days with the febreze car vent clip break out the febreze, and [inhale exhale mnemonic] breathe happy. 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. Please, but only just the nasdaq ending the month up 1 . Expected to open positively today. 0. 2 or 0. 3 . The dough called higher by 40 points. Energy was a disappointing sector yesterday. Oil slipped 3. 5 . Quite a big move. A bad week for oil, but for august as a whole, wti was up 7. 5 . Soft week, soft day yesterday. Put that into perspective after strong recent gains basically flat. Brent losing a little bit more than that at 46. 8. Sara. Wilfred, time for trade of the day. Today marks the first trading day of september. How can investors trade the start of the new month. Data team at kencho looked at numbers. Last ten septembers which historically as we mentioned has been a tough market. In that tough month, the Top Performing are retail, regional banks, technology. Just Historical Perspective on what tends to perform. Brazil has been a Top Investment this year despite all the political turmoil there. A vote to impeach Dilma Rousseff sparking riots yesterday. Hundreds of protesters smashing windows and fighting with police. The demonstration began peacefully, but turned violent after new president michelle tremer. Tend of the impeachment process comes as they suffer a brutal economic crisis. Senators voted 6120 to convict first female president for illegally using money. Temer, her conservative suck seg or is is brazils first former vice president. Hes been running the government since rousseff was suspended in may. Try to implement measures to heal those Financial Issues we previously mentioned. Either way, as we said, shares have bounced back significantly this year after performed terribly the prior year. Still to come, donald trump doubling down the immigration. Details from highly anticipated speech in arizona coming up. Stay tuned. Youre watching cnbc, first in business, worldwide. Everyone thought i was crazy to open a hotel here. Everyone said its so hard to be a musician, but i cant imagine doing anything else. Now that the train makes it easier to get here, the neighborhood is really changing. Im always hopping on the train, running all over portland. I have to go wherever the work is. Trains with innovative Siemens Technology help keep cities moving, so neighborhoods and businesses can prosper. I can book 3 or 4 gigs on a good weekend. Im booked solid for weeks. It takes ingenuity to make it in the big city. Welcome back to World Wide Exchange. Good morning. Lets get you up to speed on the market action. Looks like were set to start september on a high note. Dow futures up 50. They were up 60 half an hour ago. S p up 4. Nasdaq up 17 after a selloff yesterday that left the s p and dow negative for the month of august. Nasdaq finishing higher for the month. As for what happened overnight in asia, strength on the back of Better Chinese manufacturing data. The japanese nikkei jumped about a quarter of 1 . The shanghai comp closed lower. Now at the highest level that stock market since august 2015. It is pny day. That means manufacturing numbers globally. Better in china, better out of the uk this morning. Soft in europe. Around 10 00 a. M. We will get the u. S. Number. We will indeed. Lets go to todays top political news. Donald trump delivering a much anticipated speech last night in arizona. While there, was speculation that the president ial hopeful didnt back down from his hard line stance on immigration, despite meeting with the president of mexico yesterday. Tracie potts joins us from washington with more. Reporter remember could be softenings in dealing with immigrants in this country. Not what we heard from him last night. A hard line talking about mass deportations and a dispute this morning. The Mexican Government disputing what donald trump says happened during that meeting behind closed doors. Donald trump in arizona last night. Mexico will pay for the wall. 100 . Reporter trump hours earlier in the mexico with the countries president. We didnt discuss who pays for the wall. We didnt discuss. They dont know it yet, but theyre going to pay for the wall. Reporter the Clinton Campaign out with a new video saying the great negotiator choked and lied about it. The Mexican Government tweets we did discuss who pays for the wall. Mexico wont do it and its not negotiable. Clinton claims trump failed first Foreign Policy test. Certainly takes more than trying to make up for a year of insults and insinuations by dropping in on our neighbors for a few hours and then flying home fwen. That is not how it works. Reporter in the arizona speech, trump lays out immigration plan. Immediately deporting two hl criminal immigrants. Verifyi ining workers are illeg cracking down on those who overstay visas. No one will be immune or exempt from enforcement. Reporter after hearing that, some of the surrogates latino spokes people who have been working with the Trump Campaign quit this morning. One was tweeting about it saying he felt that he was disappointed and felt he was misled by what trump had said previously in the speech last night. Any indication about discussions between the mexican president and trump on nafda . Trump said he wants to renegotiate it. Did the mexican president seem to be on board with that idea. He seemed to think that some of trumps and he didnt specify this, but he seemed to think some of trumps plans were threatening to mexico. In this case, trump emphasized yesterday that nafda seemed to be working better for mexico than u. S. And wanted to try to rebalance things. For a newer economy. Thank you tracie for the update. Do you think Hillary Clinton was hoping to be able to criticize trump for backtracking or doubling down. Either. This was such a doubling down and had to change her tune accordingly. I imagine she was wanting to criticize him for backtracking. This is nothing new for her. The campaign set expectations. In fact he himself used the word softening in an interview with fox last week. It was unexpected, but especially after that. Did you see the News Conference in mexico. I heard it. Very surprising turn about in terms of what we were lead to believe was going to happen. Now to sports. Could be the play of the night for major league baseball. We head over to chicago with the cubs facing te pittsburg pirate lift add ball down third base. Shifted into a higher gear and ran it down making a great catch for the first out. Ran more than 100 feet and reached a top speed of 19 Miles Per Hour on his dash. The cubs held on to win 65. Great camp. Round of applause for him. Thats why we featured it. I understand. Still to come, top stories in action. Plus eunice yoon exclusively with alibaba founder. Jack ma. Stay tuned. World Wide Exchange is back in just a couple of minutes. Download the new app . Were good. Okay. What if a Million People download the new app . Were good. Five million . Good. We scale on demand. Hybrid infrastructure, boom. Ok. What if 30 Million People download the app . Were not good. Were total heroes. Scale on demand with the Number One Company in cloud infrastructure. Hewlett packard enterprise. Good morning. Todays test for the markets. Data, data and more data. All of the reads of the economy what was a disappointing august. The outspoken allibaba founder giving an exclusive interview. Its thursday september 1, 2016 and World Wide Exchange continues right now. Good morning welcome back to World Wide Exchange. Im sara eisen. Im yost. Throwing it back with some summer classic to mark the end of what has been a delightful august. This one is appropriate. Summertime sadness. We