she twe thousands affected by the lufthansa strike. the flight canceled, struggling to catch another flight." this is the 14th time since the pilots have walked off the job. one tweeted when is lufthansa , not on strike? other passengers took a more zen approach. one even found it in her heart to praise the airline, despite the inconvenience. she tweeted, my layover will be long, but lufthansa customer service is solid. shop till you drop, because black friday is in full swing across the united states, that means mega sales and madness in shopping malls, not to mention online advertising on overdrive. retailers are hoping it translates into big bucks for them. reporter: shops across the u.s. are packed today, like at this macy's in new york city. black friday stands out as the day that traditionally attracts the largest crowds of bargain-hunting shoppers. nearly three quarters of people clamoring to hit the stores. >> the old retro nes system is big, but there is a lot of new stuff out there, virtual reality, there are a lot of robotic

now that lufthansa strike is rumbling on. helena humphrey has more on that in the business news. >> that strike set to run into its fourth day. tomorrow, friday, the carrier will scrap 830 flights. the industrial union wants their salaries increased. it will only be hit on intercontinental connections but the strike will be carried on into saturday. germans are increasingly irked by all the travel destructions. >> it was unusually quiet at lufthansa check-in desk. there were usually passengers here waiting to board their long-haul flights. lieutenant the has had to cancel thousands of flights -- lufthansa has had to cancel thousands of flights and it means more than financial losses. the airline's image has been tarnished. >> there is no immediate damage, but we do see a change in bookings over the medium term. every day of the strike is costing us around 10 million euros. wage negotiations are deadlocked. the pilots'union has rejected the offer as too low and lufthansa says it already pays more than the competition. but ther

this is the home base of lufthansa. and in berlin, there is rumor that they will close down some of their bases. nothing is confirmed. i can tell you that the rumor alone is weighing on the share price of air berlin today. heather: thank you. our financial correspondent at the stock exchange. thank you for that. and we will have more business a little later. anchor: thank you. a little bit of football. the champions league, a powerhouse, munich qualifying with two matches to spare. they came from behind, to-one. and a home win against throw stuff. manchester city fought back to beat barcelona, 3-1. arsenal qualifying for the knockout stage. and psg beat basil. and -- against dynamo kiev. and our top story, antigovernment protests taking place in the south african capital. this came as a report came out about allegations against the president, jacob zuma. there will also be an inquiry into a family link to the president that try to influence cabinet appointments. and that is all for this hour. i will have more for you at

lufthansa firmly rounded. be ready.ation was to your roundup of the stocks that could be moving in this morning's market. that story next. this is bloomberg. ♪ guy: i'll come back. we have five minutes to go. before the cash open. stock that could be socked is thyssenkrupp. widely expected to raise the dividend but they are not going to because he wants to diversify his business and he wants to keep a little bit of dry powder in order to do that, at the same level of profitability or increase it. income improved considerably but as they diversify these would be more uncertain. you have the uncertainty of donald trump. guy: at the same level of profitability or increase it. has been a great run for the stock. higher, a .2 of 1% gain coming through. the euro getting pummeled. putting it into perspective. the market open his next. this is bloomberg. ♪ guy: good morning. welcome back. happy thanksgiving. you are watching "bloomberg markets: european open." i am here in london. matt miller is in frankfurt. matt

industrial action also disrupted lufthansa's budget airline on tuesday. chiefg to the airline executive, hc of striking will cost the company roughly 8 million euros. have rated the office of the samsung group and pension fund as part of the corruption investigation. the allegations coming in center on the president's chosen advisor charged with injured -- interfering with state affairs. big ray wants to know if parks office -- facebook has been developing special software to allow it to censor certain information for chinese users. they new york times reports the social network created the feature to help again access to the chinese market. the company says it is spending time learning about china and has made no decisions on whether or not to enter the country. unions for airbus say they are ready to cut 1000 jobs as part of a restructuring plan. they will announce details, next week. a french company has found itself in trouble over a fake press release. >> shares the construction firm fell almost 20%, yesterday after a statement apparently coming from

over 2000 passengers' plans left up in the air this week while left tens of ashley spencer -- lufthansa attempts to address the strike. >> empty your skies over germany once more as pilots say they will continue their strike into friday. thousands of flights have been canceled. tens of thousands of passengers affected. but travelers and airport staff have adapted to what now seems to have become part of the routine of flying in germany these days, the pilot union's 14 strike since april 2014. they are calling for regular salary increases over the next five years, and left fans a -- and lufthansa's offer false far short. everything they offer is supposed to be elsewhere in the agreement. they have made plenty of offers. the unionist amending a 20% pay increase instead of arbitration. they prefer to go on strike. no deal. subsidiaries like austrian airlines and swiss are not affected by the strike. they are trying to operate larger aircraft to accommodate some of the delayed passengers. lufthansa says the strike will cost millions of euros. >> brexit will slam the brakes on british growth

as lufthansa canceled 912 flights on thursday. it is not the first time their plans have been disrupted. this is the 14th pilot strike since april 2014. the pilot's unit has been battling for an average annual pilotsrease of 3.7% for over five years from 2012. lufthansa offered a 2.5 way type spread over six years to 2019. and has urged the union to end with mediation. but the union wants to see a better offer, as well as improved working conditions for pilots. for this because we can see that our customers are suffering as a result of the strike. that is why we think it is cynical to say it is only about financial damage. ceo has: lufthansa's said the company would have no chance of survival if it caved inot th -- into the demands. it is facing stiff competition from regional rivals and is suffering huge losses because of the strike. >> on every strike day, we will lose on a scale of about 10 million euros. reporter: but according to the union, that is a small amount of their profits. earlier this month, their first-quarter sales

. >>> no liftoff for lufthansa. shares sinking lower after the german airliner faces a setback in the courts in its bid to block yet another pilots walkout. >>> you just saw steve there. we'll be crossing straight out to him now. opec's technical team is said to have failed to agree to details of an oil output deal. those reports are having a knock-on effect on prices. slightly lower. not a huge reaction but pulling down a tad. off shy by a percentage point. steve people are saying the market is pricing in we're not getting a deal this time. >> i would probably disagree with them, which is not a rare occurrence. i think the market is beautifully priced to go either way. let's look at the recent history. doha failure earlier this year, algiers, a degree of success in september. when the market didn't think there was going to be a deal, it was around 43 bucks. when they thought, yes, we'll get up to 53, so sitting at 48, i think we're beautifully priced for a move in either direction. a binary decision. the problem is

guy: lufthansa -- you are grounded, you can't go anywhere. matt: well, essentially, i will be grounded if i plan to fly anywhere within germany on tuesday, because lufthansa how it's will strike again on tuesday. if i wanted to fly my dog back to new york, i wouldn't be able to do it with lufthansa on wednesday because they are striking on wednesday for long-haul. however i found a solution, because last week when they struck, i took the intercontinental express train system here in germany, absolutely luxurious compared to air travel. guy: and very dog friendly. matt: an dog friendlyd, yes. guy: anybody that follows him on twitter will know that's very important. i have to say, the german team that came to germany was less than pleased with the performance of lufthansa. it did mess up their schedules. coming up the market open,. a 50 week, what's going on -- a busy week, lots going on. we are heading toward the payroll number. , the dollar is softer this morning ftse supposed to open softer. bloomberg this is bloomberg. ♪ guy: good mo

lufthansa, a much bigger and more aggressive number. big problemsansa, today. nearly 900 flights are being canceled, that is a huge number of people being affected and this is an ongoing problem which is in some ways baked into the stock already. it's ongoing problem with what is happening with the pilots and the ongoing strike. the stock bounced back is late. the way it has been benefiting from what is happening, a better story generated especially on some of the long haul flights. down by around 12%. the other stock, thomas cook. is restarting the dividend which is great news. in terms of the overall outlook, still reasonably tepid. cautious as the language that is used by thomas cook. this is the one year down by 28% on that period over the one year. european markets are positive, we are trading up by around .5 of 1% in terms of the fair value calculation we are at right now as you can see. 50, you may see a bit of a pickup in the miners, iron ore in particular has rocketed overnight in asia and you may see that being priced into some of these stocks. today

bad news for lufthansa airlines.. which has been forced to cancel 900 flights because of a pilot walkout. the german airline says roughly 100- thousand passengers are affected by cancellations.. which include more than 50 intercontinental flights. lufthansa pilots are asking for an average annual pay raise of 3.7 percent.. after going without a raise for more than five years. president-elect donald trump is continuing to take meetings...... as he lok top administration posts.... but.... there are other meetings.... that mister trump has taken..... that are raising questions on ethics..... even from members of his own party... the president elect.... firing back.... on twitter. abc's... lana zak... has more. trump i want the next generation of production and innovation to happen right here president elect donald trump posted a video outlining his agenda once inaugrurated tackling, trade deals, restrictions on energy prodution, immigation and workers in the executive branch. that lobbying ban--intended to separate busin

lufthansa profit fell 1.1 billion euros. sales were down. they face disruption from strike action with low-cost subsidiaries as well as falling demand after recent terror attacks. a pension settlement with some of its employee groups. press competition on home turf from ryanair, which announce its opening new base in frankfurt. it's been a bruising year for european airlines. ryanair said the brexit vote does not factor into its decision. >> the ceo never thought he would see one of his low-cost carrier jets touching down for maintenance in frankfurt. >> it's a great opportunity. it's great to open a base here at the end of next march. it represents a $200 million investment. >> it's a challenge for the german national carrier. lufthansa has already been hit hard by discount airlines, a series of strikes, and bad press last year. the airline is fighting back with cost-saving measures. it may now need to boost its own local low-cost operations. >> if we want to satisfy the needs of our customers and offer them suitable flights, that is the jo

lufthansa must show a willingness to budge. kate: the war is on his side, that's the word from president-elect donald trump who's been pushing back against those who are worried about his business dealings. he has the largest business empire of any incoming president. >> it's nearly unprecedented in united states history. the president-elect with a net worth of several billion dollars in overseas business holdings around the world. >> it's potentially very damaging and my vice to the trump administration be to do not only what the law requires, but what the public appearance requires and the confidence of the american people. >> donald trump told the new york times that the president cannot have a conflict of interest and while the trump brand has benefited from his election, the only thing that matters to me is running the country. politicians have historically tried to separate themselves from assets that could influence political decisions. he said he would transfer his assets into a blind trust to be run by his children, bu

her party >>> lufthansa airlines canceled 100 strikes due to a pilot strike. this is a dispute over wages. they are seeking retroactive wages of 3.6% a year going back five and a half years, a demand that lufthansa says is impossible. >>> a man who climbs tall buildings across the country without a harness scaled a building in barcelona. hour. well, he was arrested soon after and crowds were down on the ground to applaud him. he has climbed more than 100 buildings all offer the world. >>> a driver leading police on a high-speed chase near melbourne, australia nearly hit a pedestrian. the teenaged driver narrowly missing other vehicles and driving on the wrong side of the road. the driver stopped for gas before taking off. police used spike strips before taking him into custody. no word on w >>> let's come home right now. how was the weather waiting in line for the black friday sales? [laughter] already. [laughter] already. >> we were too busy looking at the deals. if you were waiting outside today, it was nice. it was cold this morning. it will be cold again t

in that period, lufthansa has faced multiple strikes over pay and pensions. the airline is in the midst of a restructuring process under two compete against budget carriers. you need government abolished the two highest in nomination banknotes last week in an attempt to fight the black market. but they make a pretty -- 85% of the circulation. it is now causing chaos. they are desperately trying to get cash from atms in the government is struggling with solutions. reporter: they have been waiting in line for hours. millions were left high and dry with the government abolished india's two most widely used banknotes. now i will have to take their 500 and 1000 rupee notes to the bank. that has triggered a cash shortage. >> i been looking for an atm since 11:00 p.m. i could only now find one and it is almost 4:00 in the morning. >> i'm distressed, i have not eaten anything. i hope i can get cash somehow. reporter: the indian government increase the limit from cash withdrawals from bank accounts. what of thousands of atms are out of operation since they need to be

helena: lufthansa is appealing a frankfurt court ruling allowing its pilots to strike on wednesday for 24 hours. the carrier is trying to obtain an injunction to stop the strike. it has canceled 900 flights over the walkout, which is overpaid. the pilots union has rejected a management offer to go to arbitration. lufthansa is already searching for alternative travel for some 75,000 passengers affected by the strike. do you remember six years ago when flights across europe were canceled after the eruption of a rather awkwardly named icelandic volcano? at the time, it filled the skies with so much ash that planes couldn't use the airspace for safety reasons. but, it was also the birth of a new trend in adventure volcano -- adventure vacations, ok a watching. it has become a big business in iceland although the nature of the attraction poses some unique problems. reporter: it looks like a scene from a science fiction movie, the landscape spits fire and gushes boiling water. this town is sitting on a volcano that has been dormant for more than 100 years. another eruption is expected any ti

. >> lufthansa is annoying its passengers once again. the german carrier canceled hundreds of flights today and will ground even more planes tomorrow. pilots have walked off the job over pay for the 15th time. the number of passengers affected by strikes over the past week is now more than half a million come with the lucrative christmas season just around the corner. the union argues that the pilots have not had a salary increase in five years, but lufthansa keeps booking billions in profits. the airline says it has to cut costs to stand up to aggressive competitors. analysts warned that the industrial action could jeopardize the profit target for this year. germany is introducing more flexible labor regulations, or at least it is giving them a try. the government wants to see whether easing working conditions helps comedies and their employees. the pilot project is already controversial. reporter: they don't need to take breaks or sick days. these robots are ready to work day in and day out. working world is increasingly digital. germa

kayak says they saw 97% fewer visitors booking with lufthansa last week. it shows you how it can hit profits in the future. you would think that a resolution would be needed soon. we just don't seem to be getting there. tuesday and wednesday, 1700 flights are set to be canceled. >> seems like a never-ending story there. thank you very much. zimbabwe has issued its own currency for the first time since 2009. that's what it looks like. banks started issuing the new money on monday. the move is a bid to resolve the worsening cash shortage there. during the 2000 a global financial crisis the central bank printed so much of its own money that inflation skyrocketed. the only way to counter it was to abandon the currency altogether. since then they have been using the u.s. dollar, among other currencies. that is all, from the business desk. back to you, brent. >> to the other stories around the world, tens of thousands of people in india have protested against the government decision earlier this month to withdraw large value banknotes. the 1500 rupee note amount

the pilots' union is calling for a strike against lufthansa tomorrow and wednesday-- after talks failed to settle a pay dispute. the strike began last week and has already forced the airline to cancel more than 27-hundred flights. pilots say they have gone without a pay raise for more than the first commercial flight from the u-s to cuba departed this morning. this american airlines plane took off from miami international airport headed to havana. it's the communist nation in more than half a century. president obama cleared the way for flights between the u-s and cuba to resume... as part of his plans to renew relations between the many cubans paying their respects to former president fidel castro today, honoring the founder of the revolution and his controversial legacy. andrea mitchell reports from havana. preparations for ceremonies today where fidel castro will be honored - before his remains are carried thug than 500 miles to their final resting place sunday - in a mausoleum built for this day. at the university of havana, students held their own memorial. "i think fidel castro wa

lufthansa lost an appeal on the ruling. packagesny that flies for amazon and dhl once a judge to for striking pilots back to work. pilots alleging staff shortages. the action comes as online shopping searches. to rise 11%pected to $91 billion. the plane that slid off the lasty at laguardia month touchdown halfway along the runway. the trip.oated along not reportcrew did any problems. the pilot reported no difficulties. let's have a look at short interest spiking again in australia's biggest banks. it is a trade historically so unsuccessful that it has been nicknamed the widow maker. what is driving this increase in shortselling? bonds have not been performing so well since the election of donald trump and his proposed and for structure spend. have been rising on bonds, making the australian thanks stocks less attractive. and dividendssive have been under pressure from more government regulation. also and are straight are required to hold more capital. there are a couple of factors as well that might way. the housing market

just before we go, lufthansa pilots are stepping up their pay demand. this week. therefore-day action ended sunday, but pilots on short-haul flights walk out on tuesday, and all pilots stop work on wednesday. the strikes have led to thousands of flights canceled and the lufthansa seat e o says the airline -- ceo says the airline cannot survive if it caves into pilot demands. angie: mitsubishi to recall 25,000 vehicles. china's quality control watchdog says it involves 21,000 suvs built between 2010-2012 found to have flaws in their rear doors. another 4000 vehicles will be recalled over defective airbags. recalledi has already 100,000 vehicles in japan for airbag fixtures. ocbc purchase has been priced at nearly 30% below estimates. the final offer is based on one point 75% of barclays assets being transferred to ocbc. asset baserease the to more than $75 billion, letting it compete more equally ubs.rivals such as dbs and that is it for this edition of "blommberg markets: middle east" . angie: we will have the top stories from around the world coming right up. blo

the union representing pilots for lufthansa are fighting with the airline over pay and are threatening strikes. the union says those pilots have started flying out of tampa international airport last year. the milk you drink this morning could have came from a cow that can text. it sounds strange, but its pretty neat it sounds strange, but its pretty neat technology farmers are using. newser dot com reports 350 farms across the world now have a wireless sensors in their stomachs. the device can monitor the cow and check if it has any major health changes. if the cow does, the sensor sends a text and email to the farmer and allison and hilary... you like to do some yoga, right? how about sharing your mat with a dog? japan's family japan's family week just kicked off and to celebrate, dog owners and their pets got together to do some exercise. 136 dogs and their owners gathered at an amusement park in tokyo for japan's record breaking dog yoga event. this event was a partnership between groupon japan and dog yoga. tease traffic and weather and weather one of the busiest times for travel

it's not about being tough but about the future of lufthansa. they've forced the cancellation of 1,900 flights and tomorrow more may be scrapped tomorrow. routes will have to be cut if union pay demands are agreed to. a u.s. federal judge ordered striking pilots for a company delivers packages for amazon and others to go to work. it threatened holiday delivery and a.b.s. air was granted the request for a temporary restraining order. and the biggest bond sale ever is approved by a russian company. $17 billion has been approved. they say the sale won't have a significant impact on the load. the units can purchase the bond and rosneft may buy its own shares later when the russian government sells a 20% stake. that's the bloomberg business flash. francine? francine: thank you so much, markus. the rupee at a low and they're dumping indian assets for the fed hike fully priced into the markets. let's look at the head wins these aamericanning markets ace with the head of the economics research and antonio. peter, rupee, a record low but you believe the

lufthansa shares extended their decline for the year to 15%. the former cia director david the traders is the latest person up for secretary of state under donald trump. a top transition officials said the president-elect is "inclined to pick him, but is weighing the pros and cons of having the retired senior officers at both the state and the pentagon." general james mattis is under consideration to leave the defense department. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. this is bloomberg. 's strong chinese demand for australian properties has helped tries prices skyhigh in recent years, but the enthusiasm for real estate has been somewhat dampened by new restrictions, making it tougher to get money out of china. let's go to our economy under, michael heath, right there in sydney. michael, we are talking about australia's beloved cate blanchett. she is trying to sell her house, but obviously that fell through because -- why? tell us. >> well, she isn't having much luck. she was quite

if you do fly lufthansa out of sfo toward the east coast, that is where we could see the delays larger delays with the international flights from the united states to europe. a major heads up. reggie? natasha? >> this morning, office depot changing computer repair business after an investigation repealed a major flaw costing customers hundreds. >> jane has that in the money report. >> good morning. office depot ditched the controversial software after they recommended unnecessary pc repairs to customers saying symptoms of malware even on if you computers. office depot will in longer use that software. looking for a used car? black friday is the best deals of the year. there are 33% more democrats that day than on normal day for used cars. dealers and sellers taking advantage of those shopping. apple could be looking for bygone days granted a patent for flexible iphone that folds and grips your clogs. it could cut down the need to stuff devices into your pocket however, some patterns never see the light of day as products. >> the market headed into the day as record highs but quiet so f

. >>> lufthansa pilots extended their strike until saturday and are specifically targeting long-haul flights. the german airline canceled 2,600 flights over three days. that's a lot of flights. that means around 300,000 passengers have been affected by the grounding of these flights. it's the 14th strike since early 2014 amid the dispute between the union and the lufthansa management over a pay increase. >>> and voters in france are gearing up to have their say on which conservative candidate that they want to lead the fight against marine le pen in the french presidential race. francois fillon is the favorite to win, which found him more convinci convincing than rival alain juppe. mr. juppe criticized mr. fillon for his russian sympathies. >> translator: i was a bit surprised to see for the first time in the debate, i think, in a french political election the russian head of state chooses his candidate. i'm a little bit surprised. >> mr. fillon signed multiple trade deals with putin between 2007 and 2012 when they both were prime ministers. he's been quick to defend his stance on ru

lufthansa is trying to compete with rivals like korean air. the strike was called after negotiations broke down and left both sides disappointed. >> we had hoped the talk would be the starting points of further discussions, but it has turned out to be impossible. they left the table and called for further strikes, which we find disappointing. i believe the time has come to quickly solve this dispute. we fought long enough. the passengers had to suffer long enough from this conflict. we will apply enough pressure so we will achieve a solution as quickly as possible. kate: ahead of the -- the head wants to keepoup its status as a financial hub. post brexit britain has to allow the free movement of people if it wants access to the european single market and the so-called financial passport and rights to allow banks to operate across the eu. >> we cannot allow a third country to have access, full passport in rights in europe. if at the same time we allow them to deviate in terms of capital, requirements, consumer protection. i don't think that is

. >> long haul and short haul pilots at lufthansa will stay on a 24 hour strike. the stoppage is over a long standing wage dispute. its budget subsidiaries including german wings and euro wings won't be affected. this is the 14th strike between lufthansa and the unions. i believe more than a year. 14. you would think that german companies never strike but they do. >> like on christmas or something like that. ibm cloud is making the largest commitment it's ever made to one country at a single point in time as it triple its cloud capacity in the uk. the company is opening four new data centers. i want says client demand for the cloud is soaring. this follows as google and facebook committed further investments. >>> amazon has held talks with the national basketball association, major league baseball and national football league as it explores live sports streaming. the details are still unclear it is understood amazon aims to create an exclusive sports package with prime membership. twitter and facebook have similar deals having a deal with nfl to stream thursday ni

. >>> lufthansa may have to cancel more flights today and tomorrow. pilots union called for more strikes after talks with the airline failed to settle a pay dispute. pilots began striking last week forcing the airline to cancel more than 2700 flights. it affected about 345,000 passengers. lufthansa's pilots say they have gone without a pay rise for more than five years. the airline says the demands are unacceptable. >>> police in houston are investigating an incident at george bush enter continental airport when a woman jumped out of a plane as it was approaching the terminal. the woman opened an emergency door, climbed on to the wing and jumped on to the tarmac. the woman was treated for injuries that she received while jumping. the fbi says it is not pursuing it as a federal law enforcement matters but declined it to offer any additional information. the woman may have been suffering from some sort of psychiatric issue. >>> donald trump, baby. that's right, this man knows what's up. we got some [ bleep ] on here? >> a donald trump supporter is now b

and lufthansa shares on the back of this news, not seeing a huge negative reaction. most airlines maybe reacting also to kind of the underlying growth momentum and things like that. >> or price overcapacity. >>> let's move on. let's talk about vivendi, announcing theypurchased telecom italia shares. they hold 23% of the italian mobile networking company as the vivendi chairman seeks to expand vivendi into a european powerhouse. >>> and generali is holding it's investor day in london today. julia spoke to the ceo and asked him about the looming italian referendum. >> yes, people are concerned about the referendum. i don't know what the results will be, by the way. nobody knows what the results will be. we need stability in italy because we need to continue the reforms that have been started by this government. this is important for italy, for the country, important for europe as well. important for the business. i'm quite positive, quite optimistic, because whatever happens in the end the reforms will be made. >> with or without renzi? >> i don't know about this. but

lufthansa will cancel almost 900 fights today. disrupting travel for almost 100,000 people. a strike over pay was dismissed. monsanto is being sued on behalf of shareholders over its chief executive or numbers stand to profit from bayer. they suffer a conflict of interest. a monsanto spokeswoman says they believe the claims are without merit. digital advertising provider at breitbartbanned news from using its tools for violating hate speech rules. it scrutinized breitbart after donald trump named its former executive as chief white house strategist. the publication had breached policy against content inciting violence. in an e-mailed statement, the company " at as always and continues to condemn racism and bigotry in any form" that is your bloomberg business flash. anna: philip hammond will get his first chance to change policy in the wake of the brexit boat. expected to include 1.4 billion pounds to build new homes and an increase in the minimum wage. he is likely to focus on fiscal discipline and increase productivity being the best way to increase living standards. that s

the stanza has canceled 876 flights because of -- lufthansa has canceled 876 flights because on tuesday. around 100,000 passengers will be affected. on the currency markets, the french bank societe generale is warning that the euro could go one for one with the dollar year. one euro is just over $1.06 at the moment. socgen thinks they will hit parity by march of next year over fears of france's elections , rising to $1.09 by the end of 2017. the turmoil in the currency market has been good business -- ite company, deller of produces bank notes. jump. a 20% it expects to boost its earnings. it earns 80% of revenue oversee. something good coming out of brexit. thank you so much for that, stephen carroll. next, the press review. to take a look at what is making headlines around the globe. for that i am joined in the studio by florence villeminot. this one story that is dominating the headlines in for leis the primary republican party. it is down now to two men, francois fillon and alain juppe. flo: round two is this sunday. let's take a look at the catholic paper. it says this final is not

. >>> german airline lufthansa may have to cancel more flights tomorrow and wednesday. the pilots union called for more strikes after talks for the airline nailed to settle a pay dispute. pilots forced the airline to cancel more than 2,700 flights. it affects about 345,000 passengers. lufthansa's pilots say they have gone without a pay raise for more than five years and the airline describes the union's demands as unacceptable. >>> on the ground, hundreds of pay area uber drivers plan to join the fight for a $15 an hour minimum wage tomorrow by marching at sfo. they will protest alongside fast food workers, airport employees and home care aides in what's being called a day of disruption organized by the fight for 15 group. the san francisco-based company says its drivers and top 20 u.s. markets make an average of $19 han hour or more, but that doesn't cover driver expenses like gas, car repairs and insurance. >>> a new report is fueling speculation of what the next iphone will look like. how does a curved screen sound or wireless charging. cupertino-based apple is testi

please talk has canceled almost 900 flights a day. -- lufthansa has canceled almost 905 today. flights today. that is the bloomberg business flash. francine: u.s. futures pointed to a higher open come a continuation of the record-setting run. mark: yesterday, record highs for the dow, s&p, nasdaq, a chart showing how many times we have had a simultaneous record highs for all three major indexes. the blue lines, vertical lines showing which quarter they fell in going back to 1971. oversold, goe most , the rsi for the bloomberg treasury index, the barclays u.s. treasury index at 17. the most oversold since 1973 following on from this big treasury selloff. equity volatility has been declining as political risk has been gaining. boston is one of the brokers funding. francine: thank you. surveillance continues in a sour, tom keene enjoys the from new york. we look at the u.k. statement. this is bloomberg. ♪ francine: the brexit bill slows -- canand more debt to fiscal policies deliver for the u.k. working-class. the president-elect will move to fill two vacancies on the board of g

lufthansa have extended their error -- strike into friday. flights have been canceled over the walkout which began on tuesday evening. expected onlyn is to affect short-haul flights. the chinese travel company has bought sky scanner. it's the biggest player in the chinese market while sky scanner is the leader in europe. it's the latest in a string of global acquisitions by chinese companies seeking to break into foreign markets. the european commission has delayed its investigation into until's treatment of over after next may's presidential election. uber has complained to russia and broke eu law and the policies concerning the industry. genie: you have a new study showing young work as early stop the mystic about their future. japan is home to the world's gloomiest millennials according to a study. 40% of young people surveyed in japan hoped for a bright future. .hat's even less than in greece compare that to the average across 18 countries of them of who are up to listen about their careers. japan's younger workers are facing the prospect

those 82 young american tap dancers who saw their lufthansa flight canceled will make it in time to compete. the flights were nixed because of a pilot flight. organizers spent 20 hours desperately trying to rebook. >> it was very very disappointing and stressful. we got no he so we finally found somebody at united that would talk to us. we were thrilled with that airline. >> tonight the dancers are on their way to the so-called olympics of tap dance. they're from 15 states including from massachusetts and they will compete against dancers from 30 other countries. >> they will miss out on some rainy weather this week. >> and maybe the start of meteorologically speaking it will be late. let's go to some of the boroughs. mary finskel 47. also 47 in westborough. that's what it was in boston as well. 43 this afternoon. one degree short of the average this date. not up to dropping back a little bit. these were the highs. mostly 40s a couple of lower 50s to the south. these were the highs across the nation. warmest in the south brownsville seems to be the warmest around 81 degrees. not all that ba

cancelled today because of a lufthansa strike. some pilots, who have been in a pay dispute for more than 2 years, walked off the job 4 days last week. the german airlines says it's scrapped 816 flights today.. and another 890 that were scheduled for tomorrow. thousands of cowboys and cowgirls are excpected to visit vegas this week.. for the wrangler national finals rodeo. the 10-day event kicks off at the thomas and mack center on thursday. the rodeo features competitions in bareback riding, steer wrestling, team roping, saddle bronc riding, tie-down roping, barrel racing and bull riding. it's the 32-nd annual n-f-r. climate change is he and his fellow farmers may be forced to make some changes in one state where agriculture is king. and santa treading close to enemy lines. with some help from local volunteers... he's making sure our soldiers celebrate the season even though they're overseas. there is a place where magic will fill you with wonder and always leave you wanting even more. because one day just isn't enough. and smoke

if you are planning on flying with lufthansa or german wings on thursday. anne: as the borders have been drawn and redrawn, the daily lives of people living near the borders have grown increasingly complex. just walking to the neighbors house may require a passport or visa and an errant kick of a soccer ball could cause an international incident. >> there is no cheering crowd on the main pitch. no tv coverage, but this match is an international one. practically every match played here is because the pitch is split between bosnia and croatia. players cross into and out of that you several times per game -- into the e.u. several times per game. there are no problems on the pitch but it is true when the ball does over the fence, it land in croatia, so we get our logistics manager, who has a passport with him, to retrieve the ball. we are trying not to use voice to bring them back in order to avoid problems. god for bid somebody could arrest them on the other side. a little while later, a boy is the closest to an air vent ball. -- an errant ball. others have fo

i hope his not find lufthansa. what you expect to hear about the oil market? market: there are two big questions as we go to the gulf now. first, saudi remains the producer. how do they think short-term about where they want oil prices to be. with all that oil in the ground, did they see that as an appreciating or a depreciating ast? >> what do think the answer is? >> i think they are hedging their bets on it being and -- and appreciating asset. >> thank you for sharing your valuable time with us. the global cio at ubs. next.sh open is coming up we expect europe to continue partying like it's 1999. stocks are set to rise. this is the open. ♪ guy: good morning, welcome. i am guy johnson. matt miller in berlin. we are moments away from the start of trading. mr. miller has your morning brief. tpp, donaldng the trump lists the executive actions he will take on day one in office, but will this make america great again? when doves cry. 100% for december as u.s. equities hit all-time highs. it will europe keep the party rocking as markets open? commodities continue

lufthansa. they wanted to prevent pilots from resuming strikes on tuesday. 27% of its normal schedule is scrapped as it stands. very all right, thanks much. you mentioned the italian lenders to law for yesterday amid concerns of risk to their financial stability from the upcoming referendum. ais morning, shares look little changed. union credit unchanged as well dropping a-- little bit. mario draghi warns there is more to come. >> the geopolitical insurgency uncertainty has become a major source of uncertainty -- the geopolitical uncertainty has become a major source of uncertainty in the months to come. guy: how do i price risk into europe? he cannot do it with the europe -- you cannot do it with the euro. >> you can take advantage of political volatility if you are swings that seem incorrect compared to fundamentals. on the financial market's derivative, second of the referendum so you have that political shock feeding through into well-made plans to re-energize the italian bank sector and tha

manus: daybreak focuses on lufthansa. the ceo says he is giving into the pilot's paid a man's -- pay demands would leave the airline vulnerable. the airline's flights have been grounded. this is a real head-to-head in terms of legacy carrier, flag carrier and the pilots and the reality of pay. yousef: absolutely. let us take a quick look at the risk radar and see some of the asset classes we are watching this morning. you're looking at oil of course, that we just mentioned, just about $48 a barrel, up zero -- office of 1%. the downside pressure off the back of the stronger dollar. it is one of the few correlations that are still out there. finally, copper still on a tear up 3% to extending gains at the highest level in more than a year. it deutsche bank warns the base metals have -- nobody convinced of that, as you can see. manus: absolutely. we have a special guest, nigeria's petroleum minister, trying to convince the japanese trading houses to invest in downstream products in his country. member has been particularly ha

lufthansa's swiss unit will take possession of some jets. they're being squeezed by low cost carriers in europe and middle eastern airlines on longer routes. francine: thank you. taylor riggs. let's focus on the fed. the latest decision is 6:00 p.m. in london. janet henry, the global chief economist at hsbc is with us. it is unlikely they will do anything. i want to bring you to my terminal. 68% of the chance of a rate hike is december. agreed? janet: it seems reasonable. they will have to tread carefully in terms of communication that they send after the meeting. the last meeting there were three people that wanted to raise immediately. three people that don't think they they need to raise all this year. they don't want to precontract to december -- pre-connect. --pre-commit. they want to keep things where they are. francine: bill get to unemployment. i want to focus on the dollar. how much do they worry about dollar strength, and depending on which candidate wins, will the dollar go up significantly? janet: on the outcome of the election t

. >> at lufthansa pilots went out on strikes tuesday and wednesday. the company says it is working on special flight plans for those days. about air has been fined $1.2 million for paying undue profits to its owner-family. sent to the prosecutor for further consideration. korean air was not immediately available for comment. u.k. servicein the sector are increasingly pessimistic about the future a pricesosts slow and rise. survey say they were less confident about the business situation in the third quarter compared with the second quarter. businesshe bloomberg flash. francine? atncine: when you look brexit, what have we learned? i know you are bearish right after we spoke after brexit. are you even more bearish now? >> yes, i am still bearish. typical of macro adjustment next.you have the economy investment is coming to a halt. i would be worried about real estate in the u.k., since we've had such a huge bubble for such a long time. going forward at some point it will hit the consumer and that is when you will really see the impact on the economy so

and could soon be grounded ba ion representing pilots for "lufthansa" are fighting with the airline over pay... and are threatening strikes. the union says those pilots have been without raises for five years. 3 warren buffett is betting big on the u-s airline business. the billionaire businessman's company bought stakes in american airlines, united continental, delta, and southwest airlines. shares of all four airlines shot up at blasted airlines --- calling them "a bottomeless pit" back in 2007. about half of american saw their wages go up over the past year. year.bank-rate-dot-com reports 48 percent of americans have seen their pay increase. 37 percent of them were given a raise...and the rest just found a new job with better pay. while that's good news for many...it still means about half of americans didn't see a wage hike in the past twelve months. 3 another day of ga record high after gaining 54 points. the nasdaq gained 57 and the s and p is up 16 on the day. google is pushing back against fake-news websites... by banning those sites from using its online advertising se. service.

thehead of lufthansa says airline will not survive if forced to submit to pilot demands for higher pay. anre is no leeway for improved offer and pilots must agree to arbitration. extendingilots are their action to friday, scrapping 1800 services on wednesday and thursday. indonesia has its eyes on facebook. ofclaims the social network those $148 million in taxes and penalties and has made a request to meet company representatives. the company is said -- country says it is nearing a claim with google. buy a and talks to company to expand in china. there have been several meetings and talks are at an advanced stage with a deal likely. a challengecing .rom a local rival the company has 75,000 properties in china and is increasing its staff threefold. highad: india's ban denomination for some presents an opportunity, digital payment companies hope to seize the moment, hoping india is becoming a cashless society. denomination, replacing notes at the moment, people cannot get their hands on them or use them, the older notes, so tell me about the unexpected windfall first. it is an unexpected

ot's union and lufthansa is calling for more strikes. pilots staged a four-day strike last week and a pay dispute. the two sides met yesterday but there was no resolution. government is about to put the brakes on overseas dealmaking. regulators will generally prevent chinese companies from making overseas investments of $10 million and more. a record acquisition spree is putting more pressure on the chinese currency to weaken. time now for our bloomberg quick take. angela merkel has been germany's chancellor since 20o5, the the last person in power since before the financial crisis. here is the situation, merkel announced she will seek a fourth term by running again next year's federal election. she offered a rare mea culpa after suffering a state election anger in part to public over her decision to admit hundreds of thousands of asylum-seekers. the anti-immigration alternative for germany has capitalized on the discontent. el spoke to trumpet she reminded him of his global responsibility and laid it down the terms of germany's corporat

the pilots have been without raises for five ar lufthansa started flying out of tampa last year. >>> new reports say apple could be developing its own version of digital lasses. this comes after snapchat spectacle video glasses. bloomberg reports that apple glasses would connect you to your iphone and use augmented reality to show different images. it will be like how snapchat works with photos. 2018 will be the earliest they will be available.>>> tower. the 32-year-old man was painted the inside of a tent when the scaffolding snapped. he fell 50 feet into the tower. he was rescued by lower down issued and taken to the hospital. he had injuries to his back, arm and head. >>> in minnesota man getting recognition for helping find a missing girl. nathan topol was hunting when he spotted the 12-year-old girl clinging to a tree inside 30 hours. >> when i got closer i knew it was her. she made eye contact with me and it was fear. you could see it. that is a look that i will never forget. >> the girls parents released a statement thanking the community for their support. the girl is recover

lufthansa set to strike tomorrow in the long-running dispute over pay. it will affect short and long haul services. it will, after today's action by flight attendants at the groups euro wings division. concern there will be job businesss across the in western australia. a spokesman said the outlook remains challenging for the division but would not say how many positions would be cut. the comments came after a report 500 jobs would go. abigail johnson is to succeed her father's chairman at fidelity investments as early as next month. she has been ceo since 2014 and will maintain that role. edward johnson is retiring and will become chairman emeritus. intense competition for assets and clients including vanguard and blackrock. executive removed from a position after a dispute with a resident in beijing. the company apologized after the spout aroused critical commentaries and chinese estate media. anna: thank you. compass group, the largest contract caterer, expects 2017 to be positive. joining us is the ceo richard cousins. a warm welcome to daybreak. upb