benedikt kammel talking air france in berlin. up next, we will take a look at some of the stocks that you want to watch. there is a lot going on, including big news in copenhagen. ap moller-maersk has announced its plans to lift its drilling units separately -- list it's drilling unit separately on the nasdaq copenhagen. this is bloomberg. the open is just 10 minutes away. ♪ ♪ if this is the option that will create the most value for our shareholders. the reality is that there are many great companies in the drilling sector, but there are not a lot of companies with very strong balance sheets. all of the other possible transactions involved some kind of merger, which would essentially mean that we would end up having more exposure. to "bloombergback markets: european open." that was the ceo of ap moller-maersk. we will get to that story in a little bit. there are other stocks on the move this morning. joining us to tell us about the stocks to watch is somebody from bloomberg intelligence. he will talk about ap moller-maersk s

jason: next, air france falls out of fashion. its first non-french ceo tries to restore the brand to its former glory. taylor: plus, rockhard competition for diamonds. jason: this is "bloomberg businessweek." ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: i am taylor riggs. still ahead in this week's issue, we look at wildfires. they are worse today. jason: we also take a closer look at snap. its ceo, looking inward to change the company's culture. taylor: this week's european cover story all about air france

jason: next, air france falls out of fashion. its first non-french ceo tries to restore the brand to its former glory. taylor: plus, rockhard competition for diamonds. jason: this is "bloomberg businessweek." ♪ ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: i am taylor riggs. still ahead in this week's issue, we look at wildfires. there were more of them a century ago, but they are worse today. jason: we also take a closer look at snap. its ceo, looking inward to change the company's culture. taylor: this week's european cover story all about air france klm. jason: this is an iconic brand known for its supersonic flights, fancy flight attendant uniforms. got a new ceo. he's got some headwind. taylor: we got the scoop from reporter matt campbell. matt: air france klm is one of the largest carrier groups in -- airline groups in the world, appointed a new chief executive, a guy named benjamin smith who was the number two at air canada. that followed three months of really leaderless stasis and prett

jason: next, air france falls out of fashion. its first non-french ceo tries to restore the brand to its former glory. taylor: plus, rockhard competition for diamonds. jason: this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: i am taylor riggs. still ahead in this week's issue, we look at wildfires. they are worse today. jason: we also take a closer look at snap. its ceo, looking inward to change the company's culture. taylor: this week's european cover story all about air france klm. jason: this is an iconic brand known for its supersonic flights, fancy flight attendant uniform. they got a new ceo and he has some headwind. taylor: we got the scoop from reporter matt campbell. klm isir france lm one of the largest carrier groups in the world, appointed a new chief executive, a guy named benjamin smith who was the number two at air canada. that followed three months of really leaderless stasis and pretty severe crisis, especially at the air france part of air france klm

jason: next, air france falls out of fashion. its first non-french ceo tries to restore the brand to its former glory. taylor: plus, rockhard competition for diamonds. jason: this is "bloomberg businessweek." ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: i am taylor riggs. still ahead in this week's issue, we look at wildfires. they are worse today. jason: we also take a closer look at snap. its ceo, looking inward to change the company's culture. taylor: this week's european cover story all about air france klm. jason: this is an iconic brand known for its supersonic

jason: next, air france falls out of fashion. its first non-french ceo tries to restore the brand to its former glory. taylor: plus, rockhard competition for diamonds. this is "bloomberg businessweek." ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. taylor: i am taylor riggs. we look at wildfires. they are worse today. jason: we also take a closer look at snap. its ceo, looking inward to change the company's culture. taylor: this week's european cover story all about air france klm. jason: this is known for its supersonic flights, fancy flight attendant uniform. taylor: we got the scoop from reporter matt campbell. largest carrier groups in the world, appointed a new chief executive, a guy named benjamin smith who was the number two at air canada. that followed three months of really leaderless stasis and pretty severe crisis, especially at the air france part of air france klm, which has been suffering terrible labor discord that has grounded a lot of company, and the created something of a mess for this v

restructuring and massive air traffic control strikes in air france. this is bloomberg. ♪ matt: welcome back to bloomberg markets. this is the european open. i am matt miller in germany for the volkswagen earnings. the group has put out a bigger operating profit. euros.illion sales missed just slightly at 61.6 billion euros. about 1 billion and the estimate we got in an analyst survey. as a result, volkswagen shares are trading pretty much flat. you might see a slight green arrow, but it is not a huge gain in markets that are up a little bit more than .1% right now. we are going to interview the hours,just a couple of after the company holds a press conference. join us, come back to us at 11:30, or stay tuned to bloomberg for that entire time. let's get the other movers in the market. industrials and commodity producers this morning. highest quarter profits in seven years. it is expecting that steel demand to grow. also, the tariffs that we have seen as part of this trade war have left some higher still prices. arelormittal benefiting from that. tw t

and air france is not traded as a significant discount to others so with air france, i'd say we're all late cycle multiple and that's fine. and we'll see positive eps move. >> this morning you actually raised air france to neutral quick word on ryan air because of the on going strikes and demonstrations that's never ending it would appear, but at some point, will they nod yield to the demands of the pilots. >> we talked about this on the show before. we were one of the early bears on ryan air. they will have higher staff costs overtime but even if you add percentage points to that it doesn't change the fact that they will remain the lowest cost operator in europe. >> effectively given it's only a small percentage of overall revenues it would bean easy wi if they yielded to those demands. >> thank you for joining the show now at least 91 people have been killed after the powerful earthquake hit the indian these y -- indonesian island of lombok. thousands of buildings have collapsed. it was hit by another strong earthquake a week agatha killed 17 people. >> firefighters are battling mass

shares of air france are rising. the struggling carrier posted second-quarter profit that beat estimates at despite uncertainty caused by a labor conflict and search for a ceo. the dutch unit contributed 90% of earnings. bloomberg spoke with the company's cfo. we have to keep in mind that in the real numbers there is a strike affect of twitter 60 -- $260 million. -- will ramp up production in the world -- tesla will ramp up production in china. they plan to spend $5 billion building a factory in china. tesla expects to start producing its new model three there by 2020. the amp robot has said that revenue from fixed income fell -- bnp paribas has said that revenue from fixed income fell. we spoke to the banks cfo. >> we are operating in europe in this low interest rate environment, so that is the point we have to be careful of. it is a point of course that we compensate by focusing on value added services, which are generating commission. are digitalization plan is also reducing costs. that is the overall element that

air france is trading down. happy.ons are not atlantia bouncing back this morning and nvidia, just saw the headline. story and whato you're seeing this morning is some of the european semi-stocks under pressure as a result of that. francine: let's have a quick look at what some of the other emerging markets are doing. we did see turkey edging away from the abyss that now it is facing u.s. threats. e did see impact on the rand. there is another story which is what the remnimbi is doing. this is regulators trying to pop -- probably story and this is doing with stabilization. want to offend or aggravate the trump administration by letting their currency weaken further. what they do not want is an unstable currency. they would want a higher currency weaken exports. let's move onto geopolitics and the big item to watch is a meeting between angela merkel and vladimir putin. the meeting was one of -- with one of his most vocal critics is a major breakthrough well merkel needs to reassert her leadership role after clash

british airways and air france of announce they're suspending flights to iran's capital tehran from next month and a statement british airways said that the route is currently not commercially viable the u.s. reimpose sanctions this month off to pulling out of the two thousand and fifteen nuclear deal it's threatening to punish any company doing business that to ron's ambassador to the u.k. says the decision is regrettable and the demand on the route remains high a british iranian charity worker who's been in jail in iran for two years has been released for three days not in eons ago ari rockliffe supporters have released photographs of her being reunited with her four year old daughter gabriela she was arrested in april two thousand and sixteen in terror on while preparing to fly back to britain with her daughter after a family visit she was accused of plotting to overthrow iran's government britain's foreign secretary says he will push for permanent release people in hawaii bracing themselves for what could be the most powerful storm in twenty five years the international space station

some breaking news coming in from air france klm. announcing a four-year fuel bill rising. this is part of the cost story over there. to september.t in terms of the numbers they have actually reported, second-quarter operating 345 man dollars -- $345 million. some of those estimates have no doubt been coming down because of the strike activity, that is something that has been hurting this business. we saw 12 days of strike action wiping out passenger growth . better than estimates, but worse than last year. strike action in france very much evident. we are going to be speaking to the cfo of air france klm joining us for an exquisite interview at 9:00 a.m. u.k. time. we wait to hear if we get any further news on the new ceo over at air france flm, because he was a victim of that strike as well. i should also tell you that we just had numbers through from the investment banking business over in italy. their fourth-quarter quarter net income came in at 182 million. of the 136ahead million they gave us last year. ratio, 14.1%,e building on what they reported the previous year.

air france cannot afford that. british airways and iag have been complaining about strikes for a while and want to take legal recourse. how much impact hazard had? 20 million in the case of welling, you could probably double that for ryanair. it's also the operational disruption at this time of year. operational disruption at this time of yea r. crews operational disruption at this time of year. crews are out of hours, they are in the wrong places, airlines are maximising assets on flights as much as possible. suddenly, they are being compromised by this action. a huge impact. very good to talk to you. in a moment we'll take a look through the business pages, but first here's a quick reminder of how to get in touch with us. stay up—to—date with all of the business news as it happens on the bbc business live page. there is analysis from our team of editors across the globe and we want to hear from you as well. get involved on the web page. business live, on tv and online. simon is back to look through the papers

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh actions on the country be a set that means that the number of business customers flying to iran has fallen making your peroration commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant version departure of those companies of course reducing demand for flights and an austrian. flight to iran. and what's the dressmaker from broadway and the new york city ballet doing in rome well she's bringing together skilled migrant tailless to take part in her project the sewing collective is helping to transform the lives of the new the arrived migrant titus. dressmaker was doing volunteer work in the in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself naturality has organized them and given those migrant tailors chops. or i want to do more i wanted to learn more about the world i want

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh sanctions on the country b. a said that means that the number of business customers flying to iran has fallen making the operation commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant's dime version departure of those companies of course reducing demand for flights and . stopping flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailors to take part in her projects the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker lydia which was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself now that he has organized them and given those migrant tailors jobs. for i want to do more i wanted to learn mo

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh actions on the country be a set that means the number of business customers flying to iran has fallen making your peroration commercially viable or the airlines are the latest in a string of european companies putting out of iran others include the car giant version departure of those companies of course reducing demand for flights and. flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailless to take part in her project the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker lydia which was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself now lady has organized them and given those migrant tailors jobs. or i wanted to do more i wanted to learn more about the world i wanted

british airways and air france will no longer be flying to wrong saying they're concerned about profitability spent comes after the united states imposed fresh sanctions on the country b. a said that means that the number of business customers flying to iran has fallen making the operation commercially viable or the airlines are the latest in a string of european companies putting out of iran others including the car giant's dime version departure of those companies of course reducing demand for flights and austria and. flights around. and what's the dressmaker from broadway and the new york city ballet doing in rome where she's bringing together skilled migrant tailless to take part in her projects the sewing collective is helping to transform the lives of the new he arrived migrant titus. dressmaker was doing volunteer work an initially in twenty fifteen there she met many migrants living in refugee camps some of them happen to be tailors and dressmakers just like herself. has organized them and given those migrant tailors chops. or i wanted to do more i wanted to learn more about the world

on business insider air france—klm's next ceo is going to be an air canada executive and french unions are furious. benjamin smith is the first non—frenchman in the role and has a reputation for tackling unions. on the wall street journal "sec probes tesla over model 3 production disclosures" — it says regulators began investigating last year whether tesla inc misled investors about its model 3 car production problems, according to people familiar with the matter. on the new york times a backlash to microtargeted advertising on facebook is growing. and don't forget, let us know what you are spotting online — use the hashtag #bbcthebriefing. that's it for the business briefing this hour. but before we go, here are the markets. a bit of respite with the turkish lira upholding its value slightly. and trade talks between the us and china. more from me in a few minutes. ten of england's most challenging prisons are to be given a total of £10 million to improve security and living conditions, as part of a government drive to tackle drugs and violence in jails. ministers also want to r

france attack of o.t. . this is an r.p.g. seven launcher designed in one nine hundred forty s. but some of the rockets which they've acquired this tends to be through the u.s. train and equip program of the tandem rockets which basically converts the nineteen forties weapon system into something that can defeat a modern tank so weapon that was supplied by the us government may well end up being pointed at us soldiers yes absolutely serious blowback there are serious buyback but not all of weapons were captured in battle a significant number were handed to iceland by friendly fighters from u.s. equipped groups says the missile from an anti tank guided weapon system its transfer history is production in vogue area gets transferred across to one of the syrian opposition forces is then diverted to islamic state we pick it up less than two months after i left the factory door once more it's a weapon manufactured in bulgaria by v.m.s. that bought by the pentagon by a private contractor if you supply weapons to non

these are your headlines air france stock jumps after the airline beats second quarter profit estimates shrugging off strike action concerns which dominated the period >>> investors brush aside higher shareholder returns from rio tinto as the miner bumps up its dividend and unveils a share buyback but first half earnings miss expectations. >>> bnp beats expectations as strength in the french lender's financial services business offsets weakness in its financial services bank. >> the only thing you have to take into account is negative impact of 4x >> apple beats expectations as sales of its more expensive handsets outweigh disappointing iphone shipments >>> good morning welcome to the program let's start out and look at some data just crossing here for the eurozone it's the latest for the july final manufacturing pmi numbers, crossing at 55.1 the same as the flash number just to give you a sense of the slight recovery that's been playing out, this is higher than the june posting of 54.9 so the numbers improving on that level. when it comes to the final manufacturing output level, 54.4,

france crash in toronto to a continental crash in denver, a devastating fire in las vegas, to a fire on an american plane in chicago. now durango, mexico. >> the big concern, though, as with all these other accidents that are survivable, people are still taking carry-on luggage with them. you've got to leave it behind. your life is more important than your carry-on baggage. >> reporter: investigators are going to be asking this pilot why did he try to take off in this terrible storm. many experts say they would have waited it out on the ground, lester. >> tom, i was fascinated by that video taken from a cellphone inside the airplane. what would a trained eye, an investigator be looking at on that tape to glean what caused this? >> reporter: it's all part of the big picture. they have the black boxes, that will help. the video will help them understand what went wrong and also what went wrong. survive, ahaany peop we learn from that for the years ahead. >> an absolute miracle tonight. tom costello, thank you. >>> now to the stunning twist in the murder of a renowned cardiologist who t

air france says the wave of it 335strikes has cost million euros. the airline group still managed to turn a profit in the second quarter thanks to increased passenger numbers. net profits were 109 million euros down from just under 600 million for the same period last year. the it 335 million euros. volkswagen cheating emission scandal has continued to cause the carmaker mononey. it has added a charge for another 1.6 billion, bringing the total b bill t to over 27 billion euros. it has warned that the global trade tensions are trapped to the car industries. jaguar land rover reported first-quarter loss in three years. beijing promised to cut the tariffs on imported cars. that meant many consumers put off buying foreign-made cars for a few months. officials in san francisco are trying to get people who work for big companies -- tech companies to eat out more. >> this is one of the perks that you have when you work for those big companies. big canteen with free or subsidized food. local officials in san francisco are trying to introduce a measure to s

we looked to air france and the turbulence it is experiencing with a new ceo. the coverd

helena: british airways and air france will no longer be flying to iran, saying they are concerned about profitability. the announcement comes after the united states imposed fresh sanctions on the country. airlines are the latest and a string of european companies pulling out. others include carmakers. it apart or of those companies reducing the demand for flights. -- departure of those companies reducing the demand for flights. ryanair has reached an agreement with the union representing irish pilots. no further details are known, but europe's second-largest airline has been negotiating with pilots and cabin crew in several country over working conditions and pay since last year. the biggest strike two weeks ago caused chaos at the airports. the new deal in ireland may be used as a model for agreements in other countries. and back over now to brent. brent: thank you. we'll go to malta. the trial of the captain of a german aid ship that rescued more than 200 migrants in the mediterranean. that trial resumed today, only to be postponed for three weeks for procedural reasons. originally,

france attack of o.t. . this is an r.p.g. seven launcher designed in one nine hundred forty s. but some of the rockets which they've acquired this tends to be through the u.s. training the quick program of the tandem rockets which basically converts the nineteen forties weapon system into something that can defeat a modern tank so weapon that was supplied by the us government may well end up being pointed at u.s. soldiers yes absolutely serious blowback there are serious buyback but not all of weapons were captured in battle a significant number were handed to iceland by friendly fighters from u.s. equipped groups says the missile from an anti tank guided weapon system it's transfer history is production in vogue area gets transferred across to one of the syrian opposition forces is then diverted to islamic state we pick it up less than two months after i left the factory door once more it's a weapon manufactured in bulgaria by v.m.s. that bought by the pentagon by a private contractor if you supply weapons

france attack of a city. this is an r.p.g. seven launcher designed in one nine hundred forty s. but some of the rockets which they've acquired this tends to be through the u.s. trying and quick program of the tandem rockets which basically converts the nineteen forties weapon system into something that can defeat a modern tank so weapon that was supplied by the us government may well end up being pointed at us soldiers yes absolutely serious blowback there are serious buyback but not all of weapons were captured in battle a significant number were handed to iceland by friendly fighters from u.s. equipped groups says the missile from an anti tank guided weapon system it's transfer history is production in vogue area gets transferred across to one of the syrian opposition forces is then diverted to islamic state we pick it up less than two months after i left the factory door once more it's a weapon manufactured in bulgaria by v.m.s. that bought by the pentagon by a private contractor if you supply weapons to n

jason: we looked to air france and the turbulence it is experiencing with a new ceo. taylor: first, we take it the look -- we take a look at the u.s.-asia cover. it is all about harley and their request to recover sales.

france attack of o.t. . this is an r.p.g. seven launcher designed in one nine hundred forty s. but some of the rockets which they've acquired instance a b. through the u.s. train and equip program are the tandem rockets which basically converts a nine hundred forty s. weapon system into something that can defeat a modern tank so weapon that was supplied by the us government may well end up being pointed at us soldiers yes absolutely serious blowback there are serious buyback. but not all of weapons were captured in battle a significant number were handed to iceland by friendly fighters from u.s. equipped groups says the missile from an anti tank guided weapon system its transfer history is production in vogue area gets transferred across to one of the syrian opposition forces is then diverted to islamic state we pick it up less than two months after i left the factory to once more it's a weapon manufactured in bulgaria by v.m.s. that bought by the pentagon by a private contractor if you supply weapons to non

still, it's the latest in a string of plane crashes in which everyone has gotten out alive from an air france crash in toronto to a continental crasin nver and british airways crash i london and devastating fire in las vegas to a fire on an american plane in chicago, now durango, mexico. >> the big concern as with all these other accidents that are survivable, people are still taking carry on luggage with them. you got to leave it behind. your life is more important than yr carry on baggage. >> reporter: investigators will b asking this pilot why did he try to take off in this terrible storm? many experts say they would have waited it out on the ground. >> tom, i was fascinated by the video taken by the cell phone in the plane. what will a trained eye be looking at that might glean some idea what caused this? >> reporter: it's part of the bture. they have the black boxes that will help but the video will help them understand what went wrong and what went right. why did so many people survive and what can we learn from that from t years ahead? >> miracle tom costello, thank you. >>> now

demands by pulling out of iran including british airways and air france which aground and flights to that's despite a revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions. germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependence swift firsts us sanctions are back in force and the situation itself strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticised donald trump emanuel said europe's historical partner seems to turn his back on this common history you know minuscule. defer sweat which is a burden on our shared

the only choice for not having the noise would be for the air france not to be here we felt that we had a mission to accomplish and our mission was a vital. to have the peace and stability of of germany itself as well as the united states and so we felt if that was something that the public had to tolerate. this is the ramstein documentation center. one of the items stored here recalls the one nine hundred eighty one attack on the base by the red army faction a militant left wing group. i'm hearing of this underwater to it this is a special place. this globe comes from the headquarters of the u.s. air forces in europe which was attacked by the red army faction in august nineteen eighty watts of the globe was damaged in the attack you can still see were pieces of the map are blown off it isn't look. like a huge car bomb exploded outside the headquarters building twelve u.s. military personnel and two german civilians were wounded. even before the r.a.f. claimed responsibility for the attack the base commanders ordered a number of new security measures. the bottom line for the when this w

the only choice for not having the noise would be for the air france not to be here we felt that we had a mission to accomplish our mission was a vital. to have the peace and stability of of germany itself as well as the united states and so we felt that that was something that the public had to tolerate. this is the ramstein documentation center. one of the items stored here recalls the one nine hundred eighty one attack on the base by the red army faction a militant left wing group. now hint of this on the right it this is a special case. this globe comes from the headquarters of the u.s. air forces in europe which was attacked by the red army faction in august nineteen eighty watts of the globe was damaged in the attack you can still see were pieces of the map are blown off it isn't look. like a huge car bomb exploded outside the headquarters building twelve u.s. military personnel and two german civilians were wounded. even before the r.a.f. claimed responsibility for the attack the base commanders ordered a number of new security measures. the but i'm mindful of the when this whole

the only choice for not having the noise would be for the air france not to be here we felt that we had a mission to accomplish our mission was a vital. to have the peace and stability of of germany itself as well as the united states and so we felt that that was something that the public had to tolerate. this is the ramstein documentation center. one of the items stored here recalls the one nine hundred eighty one attack on the base by the red army faction a militant left wing group. i'm hearing of this on the right it this is a special case. this globe comes from the headquarters of the u.s. air forces in europe which was attacked by the red army faction in august nineteen eighty watts of the globe was damaged in the attack you can still see were pieces of the map are blown off it isn't look. like a huge car bomb exploded outside the headquarters building twelve u.s. military personnel and two german civilians were wounded. even before the r.a.f. claimed responsibility for the attack the base commanders ordered a number of new security measures. he said but i'm mindful of the when thi

british airways and air france will no longer be flying to iran saying they concerned about profitability in ousmane comes off the united states impose fresh sanctions on the country the airlines are the latest in a string of european companies pulling out of iran out this include college giants dima and persia the departure of those companies of course reducing demand for flying. stopping flights to iran. for the twenty two hour session of talks low cost airline ryanair has reached an agreement with the trade union representing irish pilots there for the details of the deal tonight at this stage for europe second largest airline has been negotiating with pilots and cabin crew in several countries they have a working conditions and pay since last year the biggest one day strike two weeks ago caused travel chaos that many at whose affecting fifty five thousand passengers in one day and night and maybe uses the model for agreements in other countries. and is that brant i want to thank you very much we're going to malta now the trial of the captain of a german aid ship that rescued more than

the only choice for not having the noise would be for the air france not to be here we felt that we had a mission to accomplish an armature is a vital. to have the peace and stability of of germany itself as well as the united states and so we felt that that was something that the public had to tolerate. this is the ramstein documentation center. one of the items stored here recalls the one nine hundred eighty one attack on the base by the red army orders of the us air forces in europe which was attacked by the red army faction in august nineteen eighty watts of the globe was damaged in the attack you can still see were pieces of the map are blown off it isn't look. like a huge car bomb exploded outside the headquarters building twelve u.s. military personnel and two german civilians were wounded. even before the r.a.f. claimed responsibility for the attack the base commanders ordered a number of new security measures. have been mindful of the when this whole bottom line her fred on the facts and things star said we were very that we'd be targeted in an attack if you like them up for a

only choice for not having the noice would be for the air france not to be here we felt that we had a mission to accomplish our mission was vital to the peace and stability of of germany itself as well as the united states and so we felt that that was something that the public had to tolerate. this is the ramstein documentation center. one of the items stored here recalls the one nine hundred eighty one attack on the base by the red army faction a militant left wing group. i'm hearing of this on the right it this is a special case. this globe comes from the headquarters of the u.s. air forces in europe which was attacked by the red army faction in august nineteen eighty watts of the globe was damaged in the attack you can still see were pieces of the map are blown off it isn't look. like a huge car bomb exploded outside the headquarters building twelve u.s. military personnel and two german civilians were wounded. even before the r.a.f. claimed responsibility for the attack the base commanders ordered a number of new security measures. is the bottom line for the when this whole bottom

should we start with air france? i love the title. then: it really captures -- tease really captures it. they are very french problems. the thing to remember about air france is his very of the culture of france and the french government. the french government owns a big steak and has a big say in how this company goes. you have this french dutch thing going on and you have a canadian coming into the next. >> part of the challenge is that , to sort ofslow address the low budget situation in europe to make necessary changes. you nailed it. the discount carriers in europe have really been the undoing of the traditional airline model. especially for the big vintage and traditional carriers. behind evenllen some of their partners like delta and others that are getting around them. take a specific instance. if i don't win this labor contract boat, i will quit. in, ae new guy comes canadian and not a frenchman. jason: the outgoing ceo is like the david cameron of airlines. it is an amazing parallel. it there is a brexit parallel there. it h

we also have air france klm. the french union saying it will over salaryconflict negotiations despite the fact the company has a new ceo. finally collective. facing a 10.5% drop. analysts noting that the key radiation system sales are slowing down. i want to look at the bond market and what is happening there. down by only three basis points. that is because the eu chief negotiator said there is a chance of a no deal brexit in an interview today. we are continuing to look at italian bonds under pressure. yields falling -- rising seven poet points as political -- continue to brew in italy. that is a look at european markets. startinghe u.s. we are with the dollar index. it is higher by a little bit this move the other currencies are interesting today. canada is still a strong quarter of 2.9%. this has to do with the trade trade as well. hows interesting to see these currencies are trading. canadian dollar is weaker. the mexican peso is about 19 again. 1.1% even though we had this deal now which could turn back int

demands by pulling out of iran including british airways and air france which aground and flights to tehran that's despite revised e.u. legislation called blocking statute it's aimed at nullifying u.s. legal action against european firms which defied u.s. sanctions on iran and the e.u. agreed to twenty one million dollars in aid to iran to help offset the impact of sanctions now germany's foreign minister has called for independent payment channels to be created which would avoid u.s. sanctions and a newspaper article hike i ma said it's indispensable that we strengthen european autonomy by creating payment channels that are independent of the united states also creating a european monetary fund and dependence swift first's u.s. sanctions are back in force in this situation it's off strategic importance that we clearly tell washington we want to work together but we will not let you act over our heads and the french president has criticised donald trump emanuel said europe's historical patna seems to turn his back on the scar on his street. you know. the first threat which is a burde

air france, their new ceo, concerns about that, he is canadian and shares down by 3.5%. ersk up nearly 2%, they are spinning off their energy unit and investors like that. they want to see them confident -- concentrate on infrastructure. the biggest sort of the week is commodities, copper staging a rally, not too much of, just three basis points. this is not enough to wipe out the lawsuit. a relief rally. zinc lower by .3%. shery: let's get a check of the bloomberg first word news with courtney donohoe. >> turkey could be in for more turmoil as the appeals court refused to release a pastor who is accused of having a role in the 2016 failed coup. the threat -- the trump administration already threatened more sanctions if they did not release him. president trump has canceled his military parades and look for later this year because of what he calls the ridiculously high cost. the associated press reported the event what cost about 92 billion -- $92 million and a pentagon spokesman says the military and white house will explore opportunities in 2019. from its bailout progr

>> i have represented survivors from many crashes, air france in toronto, a crash in taiwan. one woman who is kind of my hero, she had shoes on, she had on a dress, but she went through the wreckage and saved people. she said never take your shoes off bfr tefore your plane is airborne. and you never know when you might have to save your seat mate. those are life saving tips. >> i never thought about all of the hot wreckage you may have to crawl through or walk through and i will forever wear sensible shoes on flights now. thank you, mary, so much. >>> fascinating. >>> remains of sold juries returning home from the korean warn. is this a sign that kim jong un can be trusted? chicken?! chicken. chicken! that's right, candace-- new chicken creations from starkist. buffalo style chicken in a pouch-- bold choice, charlie! just tear, eat... mmmmm. and go! try all of my chicken creations! chicken! ♪ ♪ ♪ olly. >>> on twitter overnight, thank you to chairman kim jong-un in keeping your word and sending home the remains of our beloved missing and fallen. thank you for this kind a

air france is also dropping its iran link, again, blaming weak financial performance. globaglobal news, 24 hours a day, on air and at tic-toc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i am jenna duggan heart, this is bloomberg. id? haidi. haidi: we just talked about the kiwi dollar, down, with adrian orr saying that he is not ruling out another rise in the rate. sydney futures are looking pretty positive, point 3% higher, that asset class has been largely resume into the political turmoil. that will continue to play out today in canberra. the aussie dollar took a tumble yesterday, and people are saying byt a drop to 70 u.s. cents the end of the year is not out question. we have adam haigh here with us, and if you lecture took a look at the fall off from all of the political paralysis and the crisis in canberra, it has been the u.s. dollar. >> it has, haidi. . >>we had this huge move in the morning, then the aussie really started to weaken. traders here in sydney who went home yesterday evening, it took drop down. so sentiment

. >>> welcome back to the show air france shares are trading lower after the intertrade union called for a hardens of the wage negotiation conflict in a statement translated from french the union said the totally irresponsible attitude of company leaders has led to action you can see shares are down almost 7% in trading down more than 7.5% in the last week or so >>> elliott has argued that walt disney should have to pay at least $19.53 per share to acquire sky. the uk's takeover regulator revealed elliott's view as it explained why it had set the minimum bid threshold at 18.22 that would value the british broadcaster at over $34 billion, more than the current offers by comcast and 21st century fox of course comcast is the parent owner of cnbc. both have until september 22nd to raise their bids. >>> vodafone's australia business is merging with tpg telecom. they will form a larger third player to take on competitors. tpg will own 49.9% of the merged company, which will have an enterprise value of $11 billion. tpg shares have jumped to a near two-year peak in australia, while shares of

across france heading our way. with that, an increase in the humidity. for sunday, the low pressure has sparked itself pretty much across the uk, and just to the west of us. that means spells of rain almost anywhere across the country on sunday so, if you are hoping for completely dry weather, it doesn't look like it's going to happen, and most of us will get some rain. there will be gaps in the weather, and there will be some sunshine as well, and mostly into the low 20s across the uk. next week, just a quick sneak peek of what it's doing in the south, temperatures warming up to about 25 but, for most of us, pretty much the average, and it will remain relatively changeable. overall, the outlook for the first half of the week is looking like it's going to stay mainly where we are at the moment keep a brolly to hand. the struggling department store chain house of fraser is bought by sports direct. it agreed to pay £90 million for the business, just hours after it went into administration. sports direct‘s billiona

. >> jeffrey, stay with us thank you very much for some of your insight >>> coming up, air france shares sink after the french carrier appoints a new chief executive more on that story after this break. i'm a small business, but i have... big dreams... and big plans. so how do i make the efforts of 8 employees... feel like 50? how can i share new plans virtually? how can i download an e-file? virtual tours? zip-file? really big files? in seconds, not minutes... just like that. like everything... the answer is simple. i'll do what i've always done... dream more, dream faster, and above all... now, i'll dream gig. now more businesses, in more places, can afford to dream gig. comcast, building america's largest gig-speed network. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts

there have been many recent plane crashes, for example air france in toronto, singapore, in taiw taiwan, asiana, more survived than not. crasheses improved to help people survive the crash. before then you think no one survived a crash. not so anymore. federal aviation association said over 80% of accidents no one dies. >> incredible. it's incredible. what happened? >> well, i think if given this tape, often passenger cell phone recordings can be extremely helpful in investigations, and it will be on the black box but the weather played a role. so many have wind shear, detection, these microbursts are so powerful they can literally drive a plane into the ground. a lot of the study stemmed from delta air lines flight 191 which crashed in dallas. tomorrow will be the 33rd anniversary of it, august 2nd, 1985. there aind shear, microburst, drove a plane into the ground. it's important to know this, not only can it put a plane in the ground. >> excuse me we're going to trump's personal attorney rudy giuliani. >> i said it just yesterday on fox that we believe that the investigation should be

france crash in toronto, a british air crash in london, to a fire on an american plane in chicago, now durango, mexico. >> the big concern though as with all of these other accidents that are survivable, people are still taking carry-on luggage with them. you have got to leave it behind. your life is more important than your carry-on pgaage. >> reporter: investigators will have a lot of questions for this pilot, chief among them why did he hospital to try to take off in this ferocious storm. a lot of experts say they would have probably sat it out, waited it out on the ground. in the meantime, this video will be very helpful. investigators do have the black boxes already. now this video will help them tell the complete story, what went wrong, but also what went right. how did so many people, everybody on board, survive? louis. >> thanks to tom costello for the great reporting. >>> all right. the u.s.'s sanctions to high-level turkish officials over the detainment of pastor brunson, the action against the justice and interior ministers comes one week after president trump threatened to,

jason: we looked to air france and the turbulence it is experiencing with a new ceo. taylor: first, we take it the look -- we take a look at the u.s.-asia cover. it is all about harley and their request to recover sales. jason: it has been called out in

. >>> air france is reporting sharp drops last quarter because of labor strikes which are a common occurrence there. back to you. >>> that stock down 40%, i believe year-to-date thank you very much. >>> let's now get over to sue herera for a news update >> good morning. here's what's happening. china accuses the u.s. of blackmail and says it will retaliate if washington increases tariffs on chinese imports. in a news briefing a chinese foreign ministry spokesman says u.s. pressure won't work and called for dialogue to resolve trade issues turkish president erdogan says threatening language from the u.s. will not benefit anyone as relations between the two nato allies sour over thecase of a u.s. pastor under house arrest on terrorism charges this after a turkish court rejected appeal to release him former arkansas governor huckabee taking part in a west bank settlement. he's sure president trump would have been pleased to join him. >> i think that if president trump could be here today he would be a very happy man. happy because he's a builder and he loves to see construction sites. he loves t

nejra: hold on one second, i need to break some headlands from air france. unions are proposing actions to employees shortly. air france unions saying there are no alternatives to the hardening of the conflict. there, shares doubt more than 4.5%. back to the conversation on trade, in terms of positioning, if you are not expecting a positive outcome soon, we will talk more about the dollar later, but against others, asian strength -- valentin: it is making a cautious return. the take away was the argentine peso and turkish lira is weakening, looking at the indian rupee, they have exposure to china. they have certainly been following closely. you can clearly see that, if trade tensions come back, those currencies are likely to be vulnerable. strengthen the yen ? valentin: they have been torn between the abating risk sentiment and its exposure to china. past experiences have signaled that when we get to an escalation of trade tension, we get risk aversion, which is positive for the yen. so that is one currency that may hold its ground. nejra: stay with us, plen