Right now. A very good morning and warm welcome on cnbc. Im wilfred frost along with morgan in for sara. Welcome morgan. Good morning and thank you for having me. Im excited to be here. Its my first time and im really excited to be your copilot early hour. Great to have you with us. Very good morning. Happy friday. Lets get straight to the market action. We were a little soft yesterday. A quarter of a percent down. The nasdaq a little softer still around. 50 declines. Were expected to go into a Third Session in a row of declines today. You can see now the dow called lower 30 points. The s p 500. The nasdaq by around 12 points. Yesterday energy over took telcos as the best performing sector year to date as wti rallied 4 . In general, though, it was a theme of taking money off the table. The ecb failed to deliver with sufficient dovish action or rhetoric. Either way we didnt get what we expected. Markets lost a little bit of steam. As we look at the bond markets, we did see yields tick up yesterday around the world as that ecb action didnt come in in terms of easeness. And today were just seeing yields move a fraction in the other direction. 1. 616 on the tenyear treasury note. All focus right now on korea. Breaking news out of north korea overnight. Successfully tested a Nuclear War Head in what might have been the most powerful launch ever. Very worrying. Covering that story for us from asia. Good morning, morgan. While it was enough and it was major enough to really rankle the markets over here. We did see heightened risk sentiment and no surprises. South korean benchmark was down. Dollar juan was relatively stable around 1100. Important to note the bank of korea met today and elected to keep rate steady at 1. 25 . Difficult to see how this plays out. Are we going to see more uncertainty. Whether sanctions being brought to bear. Are they really effective is the big openended question. Is it going to embolden pinjing even further. You have to ask yourself whether this is going to present an opportunity. In an environment weve got a lot of yield tourists looking for the yield out here. 3 looks quite tasty. Do they buy the dip or hold back if they have the fortitude considering the go politics of the region. Monday i think is going to be quite important. We have fmc voter speaking there. And a dove. Is she going to set the tone in the months to come . The asian markets will be watching that one. Thanks very much for that. Lets have a look whats happening elsewhere in the world. European equities are lower. Only slightly as you can see. All of the major embassies just below flat. Germany for the week is similar to in fact what it is today. Just below flat. The ftse 100 the laggard of the major embassies for the week down 0. 5 . As for the broader markets, taking a look at oil. We are seeing wti crude and ice brent pair some of those gains we saw on thursday. Wti really stronger on the week. Both of those up 6 for the week after that record 14. 5 million crude oil draw that we saw on the heels of hurricane hermine last week. Gasoline futures lower today. We got a note out of Morgan Stanley in terms of oil saying maybe the supply demand issue has not worked itself out. Very hesitant to say were going to move much higher up. Taking a look at gold right now, gold is lets see if we can pull up the chart here. Gold was lower. That is down about 2 right now. At 1339. Dollar down almost 1 . Not too Much Movement happening had to, and, of course, the yen as you can see is the major mover only around 0. 3 of strength for the yen today. The market is no longer pricing in a rate hike, but one hike profile market high profile market watcher says investment watchers could be surprised. Landon dowdy joins us with more on that. Saying in latest presentation the fed is determined to show independent from the market and may hike rate this is month. To move u prove it they want to show theyre not guided by the markets. Goldman sachs reducing expectations. Fed will hike to 40 citing weaker economic growth. Lowest reading since 2009. That said, points out some comments suggest the central bank may not be as data depend as we think he says. Clearly its a bad environment to be raising rates. Some fed members are talking about two rate hikes between now and the end of the year. Heres the bond kings approach, saying getting defensive with bonds. Bond unfriendly turn this summer. Reuters went maximum negative on treasuries when the tenyear hit a low. Also says hes turning shortterm negative on gold, but has not sold any of his position. Guys, back over to you. Thank you very much for that. On a programming note, dont miss steve leasemans exclusive interview. Take a look at stocks to watch. Retailer beating profit and sales expectations. Also reaffirmed Earnings Guidance for the year. Enterprise Product Partners is no longer pursuing a deal to merge with williams. Withdraw offer because lack of engagement from williams. Enterprise is up 1 . Williams is down 2. 35 . Two samsung reports weighing on that stock. Warning travelers not use their samsung note 7 smartphones on planes. The phones were of course recalled after complaints the batteries can catch fire. Separately samsung asked a u. S. Judge to allow to pay Cargo Handlers to remove goods from shipping vessels. Around 14 billion has been tied up globally as the container carrier has filed for bankruptcy. Im going to be live at the new york port later today to talk about that fallout as well. Absolutely. A big story. Samsung to get the apart Association Ruling as well really kind of adding to insult industry for something already been a high profile issue with them. Unusual for them to make such a bold statement specifically about one phone or one company in this way. So its. Understandable if youre phone is going to catch fire on a plane. Scary. In other Corporate News, chipotle has agreed to financial settlements with more than 100 customers. The diners who fell ill after eating at the chain last year has been resolving the matter outside the court in attempt to avoid public battle. The terms of the settlements were not disclosed. Bank of america agreed to pay nearly 13 million to settle claims by 270 former employees. The employees were former Merrill Lynch advisers fired after merger in 2008. That i have claim the bank failed to follow proper procedures after terminating them and they deserved deferred compensation. Wells fargo being hit with 185 million in civil penalties. Regulators saying employees of the bank created unauthorized Bank Accounts to boost sales. Well as has fired 5300 employees in connection with the behavior over the last five years. This is the largest fine the cfpb has ever levied against a financial firm, suffering about. 5 today. Spaceex could be grounded. Exploded in the beginning of the month while being fueled for prelaunch test. Elon tweeting about the investigation saying still working on the investigation. Turning out to be the most difficult and complex failure we have ever had in 14 years. I got to mention this, i was there last week when it happened in the vicinity. And ula, which is actually joint venture between boeing and marten Just Launched itself 111th Successful Mission with atlas five rocket yesterday. Very impressive track record, but they definitely, theyre competitors. They have skin in the game here. They are jumping on the band wagon to highlight the opposing teams misery at the moment. They would probably say they whether or not, but you could make that case. There we go. So google announcing it is acquiring the Cloud Software company app gee. Apigee. 17. 47 a share. If you take a look at premarket, about a third of a percent lower. Snapchat taken a new line of credit. Morgan stanley on the deal. According to reports the Credit Facility will allow the social Media Company to fund growth. Its latest round of funding valued snap at 18 billion and could be nearing an ipo. We wrap up the trading week with one piece of Economic Data. Also comments from a pair of fed officials. July wholesale trade is out. Boston fed president rob kaplan is speaking today. Rosengren is a voter on the fomc this year. As for earnings, look for results from kroger. That should be interesting in light of deflation comments. The New York Stock Exchange will implement changes to opening procedure on monday to speed up trading and efficiency. Even on volatile days. The new procedures will eliminate rule 48 which allows Market Makers though delay the stock. The fcc approved the changes in july. The New York Stock Exchange asked for the new rules in the wake of flash crash in august of last year when the dough dropped 100 points in a 10 minute period. Still to come, economies in limbo. Euro Group Finance ministers gathering today. Well tell you what theyre saying about the future of the european block. Stay with us. 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. Very good morning to you. Lets get you up to speed on the market action. Yesterday saw a quarter of decline fdow and s p. Were expecting declining once again today. Third day in a row of declines. Just slight as you can see. The dow expected to open down by 31 points. Now, yesterday, energy became the best performing sector of the year. Overtaking telco in terms of s p sectors. Oil soured 4 . Wti having a very strong day indeed. Up 7 for the week as a whole. Expected to break a twoweek losing streak. Its soft today as is brent. A strong week for oil prices. Just shy of 47 on wti. Now to broad saliva. Discuss all of the Economic Issues from brexit to greece. Reporter good morning. As you quite rightly said the euro zone finance meeting here couldnt be more perfect. Youve got mario draghi of the Central Bank Standing pat doing nothing more on stimulus, but sending a bold message that they need to stand up and do more. Hell bring the same message here when he arrives. Theyre in the meeting now talking. I look around and who can respond . Youve got italy with the problem in the banks. Fwrees as you mentioned still a problem. Weve got no government in spain. A fragile government in italy. Theres only one government that can. Thats germany that could actually spend money. The german finance minister arrived here this morning and pushed back on mario draghi and said look, its ecb policy. Qe that seen the euro weaken. Thats boosted german exports. His message was guys if ecb policy isnt changing any time soon, neither is germany. Mario draghi may come with a bold message, but thats a true definition of messages falling on deaf ears. Weve seen headlines this morning, of course the head of the euro Group Finance ministers saying the uk has to get on with brexit. They will be the ones to suffer the most from delaying themt. Has the data weve seen over the summer come from the uk actually giving breathing room to the uk and put the pendulum back a little closer to Center Ground in terms of who is going to have the power in negotiations when they do start. Well, wilfred, absolutely agree with you. All the power lies with the uk when they decide to invoke article 50 and kick off discussion. As you point out, the data in the uk has surprised everybody. Look at the data yesterday that mario draghi announced for the euro zone. Barely in the adjustment at all on growth or inflation. Actually even on both sides of debate, so far you see very little reaction to brexit at all. I think my point here would be actually brexit has masked a lot of individual issues that i just mentioned in the euro zone, whether its portugal, italy, greece or in fact ireland. Perhaps we should be looking at in the shortterm, far closer rather than brexit. Back to you. Thank you very much for that. Live in brat saliva. Highlights from Opening Night. Br bronco beating pan thethers onc again heres a look at todays national forecast. Good morning. Lets take a look at the forecast across the country. Its kind of hard to miss the bullseye, isnt it. Heavy rain fall possibility, maybe damaging winds, him a. Cant rule out tornados either. Folks always have a plan of where to go should Severe Weather come calling and best chance across the corn belt. Lovely day for you. Very warm for you. Seattle and los angeles look fantastic. More on temperatures unseasonably warm for you. Looks like summer is never going to end. The case in southeast. Denver breezy conditions along the front range with 78 degrees. Beautiful dry, conditions across the Northern Rockies and in the pacific northwest. More World Wide Exchange. 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. Reporter donald trump takes message to conservative voter. In ohio education speech pushing school choice. Largely focused on Hillary Clinton. She refused to take accountability for failed policies in the middle east that have produced millions of refugees. Reporter trump getting pushback from own party for praising vladimir putin. Mike pence defends running mate as the republican most like Ronald Reagan. They said he was little more than a celebrity and entertainer who entered politics late in life. Sound familiar . What would Ronald Reagan say about a republican nominee who attacks americas generals and heeds praise of russias president. Reporter Hillary Clinton is in new york today. After a softer message to the National BaptistConvention Last night. We need a president who understands that none of us has all the answers and no one person can fix our problems alone. Reporter now, that is the first of what the Campaign Says will be four speeches Hillary Clinton is doing on her theme stronger together. Great stuff. Thank you very much. Keeping with the politics theme, facebook cofounder pledging 20 million to Hillary Clinton campaign. In a new blog post, he and his wife would donate to several democratic groups including the hillary victory fund. Excelled to act, writing if donald trump bwins the country will fall backward. Had been the Tech Industries biggest donor giving 5 million to support marco rubio. The annual tell on ththon t raise cancer. Stand up to cancer is the live event broadcast without commercials. It features celebrities and performances. 100 of donations go to support Collaborative Cancer Research programs. Stand up to cancer can be seen tonight 8 00 p. M. Eastern time on all major standup networks including nbc. Now to sports and Opening Night of the nfl season, rematch of super bowl 50 as the Denver Broncos played host to carolina pan panthers. Mounted a comeback. The panthers still had a chance for the win, but a last second field goal missed wide left. Denver holds on for the victory beating carolina 2120. From football to tennis. Major upset. Serena williams went down to pliskova in straight sets. Its the second Straight Year serena has lost in the u. S. Open semis. Pliskova is only the fourth player to beat cena and venus in a grand slam tournament. Take on the number two seed curber in the final on saturday. Congratulations to her. Shes just slipping. Great shame. Still to come this mornings top stories and stocks to watch, including a retailer on the rise. But first a programming note. Dont miss the blockbuster lineup at next weeks delivering annual conference. The preeminent investor summit produced by cnbc and institutional investors. More Tickets Available at deliveringalpha. Com. Every stitch and seam of your Home Insurance, tailored to fit you and your budget. With unique features, like claim free rewards. Ohh customized Home Protection extra features all at an affordable price im going to live in this. In means getting more from your Home Insurance with an expert allstate agent. Its good to be in, good hands. 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 [ clock titime. ] you only have so much. Thats why we want to make sure you wont have to wait on hold. And you wont have to guess when well turn up. Because after all we should fit into your life. Not the other way around. Good morning. Breaking overnight chlkt korea claiming success in fifth nuclear test. Tell kon best performing sector year to date. Plus burritos by drone. Tell you how chipotle plans to deliver to your doorstep, its friday, september 9, 2016 and youre watching Worl