A very good morning and warm welcome. Im wilfred frost along with susan lee. Good morning susan. Sara is on assignment today on the other side of the world in taiwan. Sara, what have you got coming up for us this morning. Good morning, to you and good evening from taipei, wilfred. I miss you very much, but boy do i have a lot to share with you from this whirlwind trip. We followed steph curry if nba allstar from hong kong here to taipei. Hes here with a Business Mission to get star power up to sell sneakers in what is becoming the largest consume early market for the nba. More than 300 Million People playing basketball in that market alone. Weve got exclusive access to share with you from small courts where he played with fans of High School Teams here in taipei to the big stage in the Madison Square garden. Arena of 5,000 people watching him perform and retch a game of teenagers. He took about a million selfies with fans. He shared with us his vision for his brand at under armour and whats going to come next. We had a number of conversations with you. Bring you all that of. Plus steph having a little down with his wife. Its all coming up through World Wide Exchange and during the day on cnbc. A lot to look forward to. For now send it back to you guys in new york. Great stuff. She claims to be missing me. Shes alongside steph curry. It is a business trip. Under armour does need to catch up to nike. Absolutely right. Great set of interviews coming up throughout the day from sara. For now, lets check in on what the markets are doing at this hour. Yesterday saw a decedent rally. 30 to. 50 . Pushed back expectations of a rate hike once again. Been the theme for the last two or three days since the disappointing jobs number on friday. S p and dow called slightly lower. Nasdaq slightly higher today. Essentially we are flat in the premarket. The tenyear note did move quite significantly, given the size of recent moves relative to recent moves off the back of that data as well. We are below 1. 55. Dont forget we ended last week close to 1. 6 . Rate hike expectations the dollar slipped as well. Lets check in on europe. European, markets have gone underway. German production falling unexpectedly posting steepest drop in 23 months, looking at tepid gains across the board. Call it mixed with the german dax, maybe up 1 . Lets check in on asia last night. Mostly higher except for japan. Japan suffering through the stronger yen. Apparently there is a lot of dissension amongst the boj board in terms of adding more stimulus to the economy and going deeper into negative territory when it comes to Interest Rates. Shanghai comp as you can see falling by 1 . Broader markets oil prices manage to close in positive territory. Yesterday up 1 . Up just over 1 today. Wti at 45. 30. Lets move on to the dollar. It was a big mover yesterday. Particularly against the yen, which susan already mentioned. 1. 4 fall yesterday for the dollar. Stronger yen and same is true today, but by smaller margin. 0. H 0. 4 . Higher and in the face of that, the nikkei perhaps could have slipped more than it has because its been a big mover. Big unwind of what weve seen recently in terms of dollar yen. Today the currency markets as you can see a little bit more calm and not quite the big moves we saw yesterday. Gold prices, they got a little bit of a boost from the softer dollar yesterday. Not too significant. We are just above flat today. Lets get to notable comments from San Francisco fed president williams. Repeating calls for gradual rate hikes. Pace of increases preferably soon eer rather than later. Williams says the economy is in good shape. Sdpeet the recent slow down in jobs growth criticized Central Banks approach of targeting low inflation. Gives the fed too small of a buffer to fend off future shock. Markets not really listening to those comments. Focusing on data instead. Todays corporate news, activist investor blackmon hedge fund taking a stake in chipotle. Believes shares of the chain are undervalued. Plans to speak with management. This comes after a rough year for chipotle suffered from food borne illness outbreaks. Stock up nicely on the premarket. First addition to portfolio in nearly a year. The fund is in the red after a number of high profile disappoints. In order for agoman to by that stake, he had to sell off Something Else so he is now leaving Canadian Pacific board after four years. Helping to overhaul the travel that railroad after raking in 2. 6 billion in profit for the hedge fund. Announcement comes one month after sold remaining shares in Canadian Pacific. Bringing up 1. 5 billion of owned cash. We now know what he did with it. Speaking of well known hedge fund managers, we have a blockbuster lineup for the sixth annual alpha conference. Investor summit by cnbc. More details and tickets are available at delivering alpha. Com. The fcc announcing new rules for black rock. Allow the firms porter fofolio boar monies from peers. Put in the request last year. Van guard and fidelity are already allowed to provide similar lending. Under the new rules, black Rock Mutual Fund and Money Management can borrow a third without having to post collateral. The drug pricing drama continues. Recent debate over excessive price hikes laying out a plan to curve increases on companys drugs. In a blog post outline said the firm best known for making botox will raise prices on the products only a year and increases will be limited to the single digit percentage range. On a program note, well hear more about drug pricing when our own speaks to another name. Sit down with valeant chairman and ceo, 4 30 later today. Economic data the Labor Department puts out the month job opening or Labor Turnover survey. This includes the staff. Not normally details and employment reports. 2 00 p. M. We get the feds latest book survey and earnings looking for results from hp enterpri enterprise. Comes your way after the lose closing bell today. On the agenda today, Apple Holding big show in San Francisco. Expects to unveil iphone 7. Possibly a new version of the iphone watch. Reporter the count down is on. Apple ceo tim cook taking center stage for the big annual show in San Francisco. The focus of the event will be the new iphone 7. New phone will have a faster processer. More pressure sensitive home bu button. Higher quality camera. Remoouchl of the headphone jack. If it does, that could generate some controversy. Apple could argue that Wireless Headphones are the future and wants its products to reflect that trend. In addition to the phone, apple is expected to refresh lineup with new computers. Back to growth following two quarters of sales decline. Underpressu under pressure from wall street. How do you trade on apple launch day anyway. Looking back on a launch day, usually negative about 80 of the time. Day after trades up 70 of the time, but shares of apple if you take a look at the chart, up over 100 since the initial launch of the iphone back in 2007. Thank you for that. Other news on the agenda for apple today. The Product Launch of course the main focus, but Ireland Parliament will debate the decision to appeal the apple tax ruling today. Julia chattily joins us live from dublin with the details to expect on that, julia. Reporter that debate has actually just started just in the last few moments so its largely symbolic because the government has already decided to appeal this ruling. What we heard from the Irish Government last night too was if the appeal fails, they will except that 14. 5 billion from apple to basically leave the government caught between a rock and a hard place. Youve got the opposition parties here in ireland saying this is an example of the government cozying up to the big business at the expense of the irish taxpayer. Youve got the government on the other hand saying we have an investment story to protect and big businesses like apple provide one in six jobs here in ireland. The critical question is what do voters think. Ive been surprised just in the last 24 hours. By and large the people ive spoken to saying we back the government. They say we dont necessarily like the idea we are subsidizing apples tax sales, but the same time we like the jobs. We like the investment and we know thats critical for the recovery story here in ireland. Thats what you can expect the debate over the next few hours. And questions to be asked when i speak to it will irish prime minster in just a few hours time. We look forward to that interview. The exclusive interview coming up. The swing factor of this appeal is upheld is clearly 14 billion for apple. Whats the swing factor for the future of the eu if ireland successfully appeals this decision . Does it have bigger implications for attempts of the eu to claw back money from individual countries . Well, its interesting, isnt it. We dont know whether or not this is just the beginning. Will they start looking at is the likes of microsoft, google here in ireland. More broadly, of course, this is one of the least euro skeptic countries in the eu. Youve seen a real rally behind the government the idea that the eu is encroaching on individual nation powers. Theyve already given up independence on monetary policy. Are they now being forced to give up independence on fiscal policy. Far bigger questions for the eu not just on the basis of tax, but the power of brusselss and are they overreaching just the given beg beginning of the push back, i think. Still to come on World Wide Exchange, well head to asia. Sara is touring taiwan with steph cur rirycurry. Sara. Reporter it was a lot of fun to see steph curry greet his fans and play a little bachkt ball with them. Sit a Serious Business for under armour. Big bet on biggest global super star. Talk about the companys implications coming from behind biggest competitor nike been there for decades. Coming next on World Wide Exchange. Conversation with ceo, kevin plank. Well be right back. But with added touches you cant get everywhere else, like claim free rewards. Or safe driving bonus checks. Even a claim satisfaction guaranteeeeeeeeeee in means Protection Plus unique extras only from an expert allstate agent. Its good to be in, good hands. Welcome back to World Wide Exchange. Steph curry is touring asia and sara is there. She joins us from taipei taiwan with some of the interview. Reporter one of the reasons we came here is because were calling it is new front line for the sneaker world. That is asia. It will nba is the stop selling league. We talked to kevin plank the crow of under armour about what makes it a major opportunity from a consumer standpoint, that is basketball in china. Listen to what he said. Its relevant. The consumer is behind it and the government is behind it. Its a low entry. Its unique. Theres a difference between the way the basketball is played in the west and played in china. Youve got a billion people finding fitness and finding athleticism. Here its about expansion. I think basketball remains a massive opportunity. Its over 300 million chinese play the sport of basketball or fans of basketball. If you can crack the code on china, its a massive step forward. Its one you see from the under armour brand youll feel positive about. Youre throwing out numbers how your China Business as increased doesnt bother you your competitor has 4 billion worth of chinese sales. Theres red oceans and blue oceans. I like blue oceans. We see the ability here in china. Expanding the overall pie is what the opportunity is for us. Everybody is going to win. We know there will be some losers as well. Being a brand is not just we sign an athlete, make an athletic product. Build ale Flagship Store and sell it. Brand begins with more. Two things in every product, there should be point of view. Number two its personality. You know, i think thats what comes across. Things like having the steph curry tour. Having steph be a part of this. An athlete and really defining persona underdog im going to find a way and win. Thats an under armour story and great relationship between the steph curry brand and under armour. The stock price has stalled and slid this year. What skr you hearing from them. You have to run your company for the best interest of the company. So look stocks go up and stocks go down, but our company hasnt changed. I think we continue to underscore the real values of what will propel us is that under armour, we grew 38 . As we see the year, it will be north of 25 . We finish the full year. On a scale of building a 4 billion business. These are real numbers. From a consumer brand, if people are looking to have a growth company, which i think is on consumer basis, you know, were pretty compelling story. Thats incredibly unique in anyones portfolio. Investors that are looking for the next growth spurt out of under armour are looking here and looking international and looking at china opportunity. Just to put facts behind planks optimism about the market, according to site fanatics, nba merchandise continues to grow. 48 last season. Stefen curry in Greater China up 50 last season. That is way behind some of the bigger global names and those are nike athletes. Coming up im going to show you the biggest names in this part of the world and what they sell and what steph curry think bt about his competition. Thats awesome. Well look forward to it. Were going to take a quick break here on World Wide Exchange. Coming up next, todays top stories from the campaign trail. Including why venture capitalist says donald trump has taught us this years most important political lesson. First as we head to break, check on the weather. Were going to check in with the weather channels jen carfagno. Good morning, sara, susan, and wilfred. We have storms today starting in the upper midwest. Continue to be right across this area from iowa into wisconsin and even Northern Illinois by tonight. Including chicago. Big rainmaking thunderstorms. Hermine is finally out of picture. Breezy day today along the coast. Nothing like what weve seen. Getting moisture into the southwest from a hurricane that is making a second land fall in mexico this morning. See that moisture. Could be heavy rain. Could be flash flooding plus the heat is on. Heat advisory for places like detroit. Thats your latest coast to coast forecast. For the weather channel, World Wide Exchange continues after this. 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. And grease in just a minute on dirt and grime mr. Clean will clean your whole house and every room thats in it floors, doors, walls, halls hes so tough, he cleans em all mr. Clean whats going on here . Im val, the orange money retirement squirrel from voya. Were putting away acorns. You know, to show the importance of saving for the future. So youre sort of like a Spokes Person . More of a spokes metaphor. Get organized at voya. Com. Welcome back to World Wide Exchange. Now for the president ial campaign. Donald trump and Hillary Clinton will appear tonight in new york city. Not a debate and they wont be on stage at the same time. The hour long forum at the museum is cosponsored by cnbc and iraq and afghanistan veterans of america. The themes will be national security, military affairs and veteran issues. The audience will be primarily made up of vets and active military members. What weve been hearing from Hillary Clinton is she is slamming donald trump for his comments about the Federal Reserve. Speaking to reporters on her campaign claim yesterday that clintons fed policy should be off limits for those running for office. Another example of why he shouldnt be anywhere near the white house. You should not be commenting on fed actions when you are either running for president or you are president. Words have consequences. Words move markets. Previously accused the fed of keeping Interest Rates low in order to help president obama and on monday said the fed has create add false economy and Interest Rates should change. Peter thiel pending for the Washington Post outspoken Trump Supporters spoke earlier this year at the Republican National convention. His piece in todays paper is titled trump has taught us this years most important political lesson. The papal founder writing the establishment doesnt want to admit it, but trumps denial of republican dogma about incapacity is exactly what we need to move the party and the country in a new direction. He was wildly critical of too much Government Spending and thats why hes sayings most important political lesson. Sighting the fact mr. Bush spent more on the primary campaign and didnt win. Mr. Trump spent less and said the right things and did the right things in order to win. Lets talk about goldman sachs. Recently imposed a new rule banning partners donating to trumps campaign. Now considered restricted persons meaning they cant give money to candidates running for state and local offices or sitting state and local officials running for federal officer. Memo specifically uses trumps running mate mike pence of a prohibited contribution. Goldman is potentially removing itself from con