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German Chancellor Angela Merkel announced plans to spend an extra 6 billion euros ($6.7 billion) on refugees next year as thousands more migrants poured into the country over the weekend.

Merkel said on Monday that Germany will add 3 billion euros to the 2016 federal budget and provide another 3 billion euros to states and municipalities to tackle Europe’s biggest refugee crisis since World War II. The chancellor said “it’s not entirely implausible” that Germany will spend an extra 10 billion euros in total next year to handle the influx.

“We know that we were quick to save the banks,” Merkel said in Berlin. “I think we need to be just as quick in taking the necessary measures to ease the burden on the municipalities and states. What we are now experiencing is something that will change our country in the coming years.”

The plans for added funding comes as Germany and Austria spar with Hungary over the handling of refugees, with Hungary following a more hard-line approach to deter refugees. Austrian Chancellor Werner Faymann said on Sunday that his country will end emergency measures that allowed the passage of thousands of migrants over the weekend from Hungary without registering.

“I can’t repeat our message to migrants often enough: ‘Please don’t come because we won’t let you through,” Hungarian Prime Minister Viktor Orban said in Budapest on Monday. “New laws passed by parliament will change our border defense system. Illegal border crossing will automatically trigger imprisonment or expulsion.”

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Here is what you need to expect at next week's big Apple press event.

Apple (AAPL, Tech30) will almost definitely upgrade its iPhones, likely introduce a new Apple TV, and maybe launch a large iPad Pro.

There's a rhythm to Apple's iPhone upgrades. In even years there's a big release like the iPhone the 6, 5, and 4. In odd-numbered years the device gets a bump and an "S" on the end, namely the iPhone 5S, 4S and 3GS. It's something to keep the line fresh but nothing so drastic to anger all the people who just bought the last model.

This is an odd year. Unless Apple gets crazy, it will likely release updates to the iPhone 6 and iPhone 6 Plus (iPhone 6S Plus?).

The big addition could be a Force Touch pressure sensitive screen, which adds new gesture options. Other possible changes include a new rose gold color option and a stronger aluminum shell (the same Series 7000 aluminum in its Apple Watch Sport). New phones will likely have an improved processor, more RAM, a 4K rear camera, and a better microphone.

Apple TV rumors spring eternal. It seems that every Apple event comes saddled with buzz of an Apple TV, but this time they (probably) mean something.

Apple is expected to finally release a new version of its set-top box on Wednesday. The biggest addition to the device would be Siri controls, allowing you to control TV, music and games with voice commands. A Siri button would be part of a powerful new Apple TV remote, along with s a touchpad and physical buttons.

An App Store for the TV is another rumored addition, as well as the opening of the Apple TV platform to outside developers, which could greatly increase channel and content options. Gaming could also come to the device in a big way, with downloadable games in the App Store and support for third-party gaming controllers. Inside, the Apple TV would get a significant specs bump, with a much faster processor.

Apple is expected to announce a new professional-level iPad aimed at the enterprise. The tablet would be as large as a laptop: 12.9-inches. It could have an ultra-high-resolution display, Touch ID fingerprint sensor, and possibly a stylus and USB port.

An iPad for enterprise would make sense for Apple. It's been working with companies like IBM (IBM, Tech30) and Cisco (CSCO, Tech30) to make iPhones, iPads and computers appealing to retail, research, and corporate clients. Long before it tried to sell smartphones as business devices, workers were bringing their own iPhones to the office.

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Donald Trump vows that if he's elected president, he would "be the greatest jobs president that God ever created."

One of the main reasons Trump cites is that he's a businessman. He has already created jobs, he argues, so he'll do it on an even bigger scale as president. So how many jobs has Trump created as a businessman? Analysis calculates said that at least 34,000 jobs are attributed to Trump.

It's not the most straightforward calculation. His company, The Trump Organization, is private, so it does not have to disclose information publicly about how much money it makes or how many people it employs. His campaign didn't give a specific figure either.

According to PrivCo, the Trump Organization has 22,450 employees and brought in $9.5 billion in annual revenue last year. But that's not the whole picture. There are likely other jobs that might not exist without Trump. Economists call this the "multiplier effect."

New York's Broadway shows are a good example. Visitors who come to see shows, may stay at least a night or two at New York City hotels and spend money at restaurants and stores. So any analysis on the economic and job impact of Broadway takes into account more than just ticket sales and employment of actors, singers and stage hands.

The same holds true for Trump's resorts and hotels. The state of New York says that "leisure and hospitality" companies like Trump's typically have a 1.5 multiplier effect. Using that multiplier, the Trump Organization is responsible for about 34,000 jobs.

This is a rough estimate. There are arguments to be made that it should be higher or lower. Trump has acquired some existing properties, so one could argue he didn't create those jobs.

On the plus side for Trump, his name appears on many businesses he doesn't fully own, and he's been part of a successful television franchise with "The Apprentice" on NBC. It's possible to argue that he should get credit for some jobs in those ventures as well, even if they weren't part of the Trump Organization. 

A more generous estimate would be to view the Trump Organization as a financial services or management company. Then the employment multiplier would be 3. That would bring jobs attributable to Trump to 67,000. 

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Friday is a big day for the U.S. economy. We will find out how many jobs America's economy added in August and whether wages are finally growing.

But this time the news goes beyond jobs and wages -- a big decision looms in less than two weeks for America's central bank, the Federal Reserve. And it seems to be coming down to the wire, where the jobs report could be the deciding factor.

"It should weigh heavily on the Fed's decision in that meeting," says Sal Guatieri, senior economist at BMO Capital Markets. "This report takes on elevated significance."

The reason is that the jobs growth would confirm the view that the U.S. economy is recovering nicely and strong enough to withstand higher interest rates. The stock markets are extremely jittery right now because of concerns over China's economic slowdown and its effect globally. So the Fed could raise rates on September 17 and potentially risk creating even more volatility in global stock markets.

Or the Fed can wait and hope -- with no guarantee -- that things will be calmer in a few months when it meets in December. Experts are split. Some say a rate hike is coming in September while others say the Fed will wait. "My sense is that the Fed will raise rates" in September, says Peter Boockvar, chief market analyst at the Lindsey Group.

However, others feel differently. Barclays economists say a rate hike won't come until March of 2016. "September liftoff is pretty much off the table at this point," says Jesse Hurwitz, a Barclays economist.

The uncertainty only adds significance to the jobs report on Friday.

If the jobs number is good tomorrow -- say north of 200,000 jobs -- it could clear the way for the Fed to justify a rate hike. If it's bad or mediocre, then the path to a rate hike become more clouded.

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Non-Farm Payrolls (NFP) Employment Change is a vital economic data released on the first Friday of every month. The combination of importance and earliness makes for hefty market impacts.

It's crucial data becuase Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. This announcment shows the change in the number of employed people during the previous month, excluding the farming industry.

The Announcement can make a big impact on trading markets, especially on the USD and EURO currencies in the FOREX (Foreign Exchange) market, and on Gold and Silver in the Commodities market.

Don't miss this Opportunity, make sure to speak with our agents now to maximize your trading results. 

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China’s Military Parade Celebrating World War II Victory was held on Wednesday.

12,000 officers and troops of the People’s Liberation Army were marching along Chang’an Avenue by Tiananmen Square. And more than 500 items of weaponry and about 200 aircraft were on display at the parade.

Hundreds of students who had gathered in front of large television screens in lecture halls at Tsinghua University in northwest Beijing to watch the Victory Day celebrations cheered when President Xi Jinping and his wife, Peng Liyuan, appeared on the red carpet in the Forbidden City to greet foreign guests.

President Park Geun-hye of South Korea, one of the few leaders allied with the United States to show up at the parade, drew enthusiastic cheers from the students.

But there were plenty of degrading remarks about North Korea’s leader, Kim Jong-un, who is a friend of China’s but didn’t show up. The Russian president, Vladimir V. Putin, drew a loud plaudit. “This is a real man,” a student yelled as he leaped out of his seat.

Sentiment about the parade was mixed. There was nationalistic enthusiasm on one hand, and criticism of the Communist Party’s decision to make the march an anti-Japan event on the other.

“The parade is politically necessary,” Bai Nan, 23, an engineering student, said. “It will tell the people that China is now a strong country. And it will also somehow makes the people respect the government.”

“I admire President Xi,” he said. “He is capable in everything from anti-corruption to the conflict in the South China Sea. He is a great man.” Mr. Bai added that even though his own grandfather fought with the Communist forces against Japan during World War II, he was not anti-Japanese.

During his speech, President Xi Jinping of China announced he would reduce the country’s military personnel by 300,000 as an attempt to show that China’s is no threat to her neighbor countries and the world.

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