lufthansa and telecom italia. back to you. >> thank you very much. three top headlines from bloomberg this morning. global equities have reached a record value of $66 trillion. shares worldwide have added more than $2.2 trillion in the last weeks. investors are looking past conflicts and renewing bets that stimulus will revive growth. russian president vladimir putin is in talks with his ukrainian counterpart. he met with petro poroshenko in minsk as part of the gathering at the customs union trading block. poroshenko says russia and its partners have backed a ukrainian strategy to hold battles between its army and pro-russian rebels in the east. israel and hamas have agreed to a cease-fire which would end the seven-week conflict in gaza. the border crossings between gaza and israel are opening while the fishing zones off the coast of gaza have been extended. ar more, i am joined by bloomberg news reporter from jerusalem. what were the terms of the deal? >> as you said, a promise that those boarding -- border crossings would be eased. that is short o

the biggest fallers is deutsche lufthansa, down 2.5%.esk what happens if russia bans flights through their territory? flights traversing siberia. of those has over 200 weekly flights going through that area. think about that. the extra cost, the extra money it will take two different those flight paths. that could hit them on the bottom line. their sentiment is two pronged, geopolitical risk feeding into lower bond yields. the 10 year u.s., 2.36%, down by 5 basis points. german bunds, record lows. in the fx markets, money coming out of dollar and going into yen. stronger yen, weaker dollar. brent. dollar/yen, that's brent. 106, up by 0.8%. 90%ions in northern iraq, of production is in the south of the country. is this a knee-jerk reaction or a story for down the road if we get more and more risks? wouldhink mr. abe like 106. >> my bad. he would love 106. some people think you might get it. thank you very much indeed, jon ferro locking us through market reactions is to geopolitical news. in 25 minutes time, "surveillance." tom keene joins

germany's lufthansa has called on the european commission to reject the deal, citing the use of illegalate aid to break competition rules. they will need to get commission approval before they are officially able to take off. >> staying in the airline business, tragedy struck carrier malaysia airlines. it is facing a complete overhaul . the fund already owns around 70% and will buy out the other shareholders. malaysia airlines was already in trouble financially before it was hit by two major disasters. since then it is estimated the airline has lost $2 million a day. meanwhile, the federal aviation authority in the united states is barring u.s. airlines from flying over iraq. the faa cites the armed conflict in iraq as militants their fight security forces. it comes only hours after the isis state started and strikes over military targets. the ban applies to all u.s. carriers, but non-us carriers have already stopped flying over iraq. british airways said on friday it would reroute its flights that usually cross iraq year space. we have seen a lot of attention on geopolitical tensions i

entry about aviation, health danger information caused by airplane noise was deleted by someone at lufthansa. and that page on daimlerchrysler on the lobbying act about the company was deleted by someone at daimler. multiple attempts at manipulation have been exposed and corrected by other users. wikipedia insists it was not involved, but the website comes under fire constantly from public relation firms and lobbyists. until recently, this man was the executive director of wikipedia in germany. he says since wikipedia has gone, so have attempts to manipulate articles. >> wikipedia is more than a website. it has become a widespread tool for all of us. the more widespread it has become, the greater the number of attempts by ideologues and pr agencies to insert their views and ideologies into wikipedia. >> and they are getting better at it. we met a consultancy insider. he will not talk about his clients but he will talk about tricks used to bypass editorial controls. >> there are lots of highly skilled professionals who put a lot of effort so that wikipedia doesn't have a chance to expose them

during a nationwide protest last year, a chief aide to the prime minister even accused lufthansa of being behind the unrest all the turkish prime minister deeply accused foreign countries of seeking to undermine it and working with opponents in the country. speaking to government sources, east germany said the latest allegations will at you'll to these already tense relations between the countries. but ocarina is good it -- ankara is good at maintaining relations. i think there will be an attempt to put a lid on it and the prime minister would use these allegations as further evidence for -- the germany's having bad faith toward their government. >> tense relations indeed. thank you very much for that update. before these latest accusations of spying on turkey, it was revealed that the bnp had also spied on u.s. politicians like hillary clinton. talked about that with patrick, a member of the christian democrats and head of the ministry investigating the spy scandal. when asked if there was any difference between the german agency and the nsa. >> we cannot say yet if there is a difference

he is expected to ban european airlines, lufthansa, air france, british airways from flying over siberia. the shortest, cheapest route to asia. even though the western sanctions are already hurting all sectors of russia's collapsing economy. this week, aeroflot, a subsidiary of the russian national airline had to suspend flights to crimea unable to get boeing parts. thousands of russian tourists are stranded in bulgaria and elsewhere as their travel agencies go bankrupt. tonight, the biggest worry for the u.s. and europe is whether putin will stop at a trade war or actually order his troops into ukraine. and tonight, the president said that the sanctions are working as intended. brian. >> andrea mitchell reporting for us tonight. andrea, thanks. and still ahead this evening -- the latest discovery regarding aspirin as a cancer preventer. the other big medical headline tonight from dr. nancy snyderman. >> later, an unlikely route to the mound and great life story. how a kid refused to give up on his dreams found his way to the majors. >>> we mentioned this earlier, big health news headlin

from air france and lufthansa, i might have expected something similar here. >> analysts and investorsere wondering if we would hear something similar from iag. i spoke to willie walsh earlier this morning and he sounded pleased with himself over these numbers. all three units profitable. generally, things going very well in spain. they announced that iberia is getting 18 planes. rings are going very well for them, which is a big success. >> let's talk about the overcapacity in the transatlantic market. any concerns on that? >> this is an area that other airlines have flag. said that there might have been a little bit of greediness. they are being very selective on their routes. the group as a whole is trimming capacity by about 3%. he was saying that is en route for extra flights going at this point. on transatlantic, he says it is choosing the right routes. he wasn't being specific about the new places they were flying. he said austin has been very successful, san diego, l.a., the load factors on that have been 99%. if that is wonder possible but that is what he is saying. >> it has

air france, lufthansa and delta are concerned about the busy north atlantic route.eruption in 2010 created an ash cloud that forced carriers to cancel flights. it created $1.7 billion in lost sales. let's get to germany now where a record 19 nobel prize-winning economists have gathered for their annual ball meeting. the german chancellor is also making an appearance. jon ferro is at the scene. he joins us now. what is the focus today? merkel, 19 nobel prize winners. i am here to zoo but i don't know where i rank. it is really about those 19. i get to speak to one of them. delivering a speech. the other is joseph stiglitz. we are talking about labor market dynamics, unemployment. look at the long-term unemployment in the united states at the moment. you are now looking at a third of them. before the financial crisis, it was below 20% on average. what is the story? is it cyclical, is it structural? do those people lack the skills? is that likely to change anytime soon? in that context, you have to think about this. what is the fed 's role in all this? to that note, is

lufthansa has a strike on the german wing subsidiary. a 24-hour chart of the euro. you'll see what i mean. coming into the session pairing ban bets of the ecb. see the euro rising and falls getting concerned over what is happening with the ukraine. you see it, too, with the german bund. yesterday hit a record low. coming out of the session, what is it? too late shot. basically back here, it came up higher, bournsed off the lows and the german bund back into record-row territory because it's what happening in the ukraine. and 0.8%, spanish inflation data slightly better than expected. it is minus 0.5%. that still pointing -- the yields rose during the course of the session from record lows. that point still guides to a print tomorrow for the eurozone of plus 0.3. champion is not deflation. it is not a significant deterioration. talk form if we get that where that leads the ecb next thursday. >> thanks, simon. simon hobbs. >>> when we come back, netflix getting serious about being funny. comedian jim jefferies starring in the first-ever netflix stand-up special and he

decided to avoid iraqi air space all together n fact air france, stopped flying over iraq, as will lufthansa>>> on the ground about 40,000 iraqis are fleeing their homes after islamic militants invaded their villages in the north. sunni islamic ordering the people to convert to islam, pay a security tax, leave the area or be killed. it is an anxious religion that has got ties to the kurds. the group says they are the the target of a genocide by sunni extremist. >>> the u.n. condemning, yet another attach by israeli forces on a u.n. school in gaza. at least ten civilians were killed and dozens of others were injured in what washington is calling a disgraceful attack. yesterday's air strike raising the death toll in gaza to more than 1700 palestinians, most of which are civilians. latest violence coming hours ahead of an expected seven hour truce announced bias rail. >>> back here at home there is a sweet update on the heart breaking store friday a few weeks ago. we remember this huge fire in southwest philadelphia which killed four little kids and wiped out close to a dozen homes. well, there

lufthansa falling for fear russians have a threat on the table to prevent them flying over siberia to to asia. going around is much more costly. as a result of the falls seven of the last eight sessions in europe, markets in correction territory. fallen by 10%. portugal, greece, italy and spain. now the two big ones in the europe ozone also come into correction territory and may or may not as i speak to you now be there. notably, the german dax, people on wall street follow, also france, the craac. one asset working in europe, an appreciating asset, sovereign debt. people continue to buy european sovereign debt, sending yields down, therefore, even lower. to record lows. a 20-year chart where we are on the german bond. trade just above 1%. half the yeeds on the ten year treasury in this country because there's no inflation there. germany may have contracted in the secretary quarter moop knows what the ecb buying bonds further down the line. before i hand you back, one corporate today. allianz, big ensure, above expectations, despite the fact its pimco subsidiary, bill gross, outflows

. >> lufthansa cap there's. -- cap there's. theirs.on by the end of next and -- next year. >> the other interesting thing is iberia. they turned a profit last quarter. not a lot of money. 35 billionit was a euro loss. >> of the low cost your -- airlines. versus 27 million for-profits. easterooks like the holidays were not bad. cost-cutting continues. they laid off a couple thousand people in spain to bring about these results. >> a bit of corporate news. lets fly to asia. china's july manufacturing data, pmi, read stay two-year high. that is the official beta of course. of course. "us. or us.ak it down fp >> the point is the government appears on track to maintain the 7.5% growth level. it shows the stimulus effort in beijing, that beijing has issued across the country, appears to be working. these are targeted efforts such as raining -- reining in the property market. vectors into this significantly. increases in manufacturing activity may not be enough to counter the bump in property. there is a concern that we may see further declin

. >> of course, this update, which is that lufthansa and austrian airlines have suspended their flights. that's one additional change in the aviation situation after the faa today sent out their notice that there shall be no commercial american flights in the area. so iraq is now going to be a war zone in terms of the air space. kristen welker, we'll be watching you and the briefing as josh earnest is about to come out. that does it for "andrea mitchell reports." follow us on facebook and twitter @mitchellreports. new car smell and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com in the places you want to be. where you can explore super destinations and do everything under the sun. twelve brands. more hotels than anyone else in the world. for a chance to win one m

lufthansa investors cheer speculation germany could withdraw air surcharge. >>> we've been focusing a lot of our attention to the last couple of sessions with these yields moving ever lower. we saw a risk off trade and lots of people filing back into the bund. for example, the yield dropping below 1% for the first time ever. ten-year italian pushing lower and the yield in spain shy of 2.5%. the fx rates, the currency markets. what we're seeing here, the euro/dollar, very flat. shy of 1.34 as we've seen for the past couple of sessions. the aussie/dollar, 0.9325. according to a number of reports, up to 23 personal carriers crossed the border. officials from the red cross there currently in kiev to try and negotiate its passage into the country. u.s. state department spokes woman maria hart has reiterated that russia cannot act unilateral unilaterally. >> russia has no right to send any cargo into ukraine without the government's explicit permission. i said that before. the ukraine is providing its own humanitarian aid. we are calling on the russian -- who currently control that area to

lufthansa, air france -- over 200 weekly fights -- flights from both of those airlines that traverse to the region of siberia. if that flight path is closed, that means a longer flight route and more time equals more money, and that will have a serious business impact. the numbers are speaking to the tension in russia and if the erect situation is just a sentiment issue, listen to me, russia, there is something much more fundamental. , thank you.ferro with a death toll of at least 900 42, the world health this aation has called public concern. that mean?what does >> it means there needs to be an international response, but what that could and should look like we do not know. the who says the threat is particularly serious and only a coordinating -- coordinated response can stop and reverse this. it was at a press conference in geneva that the director general sounded the alarm. alerts thearation world to the need for high possible cases of ebola virus disease, but by no means implies that all countries or even many countries will see ebola cases. >> the expectation now is that more i

in a seven day period air france, klm and lufthansa flew the most flights over the area, more than 400g website. >> almost impossible to go from a european to asian route without crossing russia. >> russia announced its banning all milk, produce and meet from the u.s., europe, canada, australia, and norway. it's retaliation. this tit for tat is likely to hurt russians the most. >> not only is he running their economy into the ground and their growth is predicted at zero he's denying them basic things like food. >> the ban on imports will hurt some businesses. the u.s. exported 1.2 billion to russia in agricultural products last year. that was less than 1% of all u.s. food exports. but for europe, russia is its second biggest customer. supplying about a quarter of russia's dairy and fruit and almost as much meat. >> neighbors, poland, lithuania, the closest european union countries will be impacted. he's trying to divide europe, trying to weaken resolve to don't punish russia for its actions in ukraine. >> and to that point putin's objective divide and conquer in europe gets hit. it exp