bonn which is a big customer of both on body a and of alstom as well and you know it's interesting to see that they think that this could be a threat as well this fused thing meaning that the bargaining aspects that the bargaining benefits have would be reduced and so it also seems that you know due to report from reuters they are quoting a source in the french government which has seen that this time around that the e.u. may be a bit lighter on this but in the end it comes down to this all important divestment so it depends whilst i'm is really willing to get rid of and that could be the decisive factor oh see how this progresses over the coming days in the coming months thanks for bringing us your insights you went. now mark zuckerberg has been attempting to face down e.u. leaders during a meeting in brussels the facebook founder told him that any plans to rein in tech companies could harm freedom of expression and innovation the e.u. is warning that tough new hate speech laws could be on the way. smiles all around at this meeting on monday between mark zuckerberg and justice commis

a bare month of a train may come you can see this now combination of alstom and bombard you would get close becoming the 2nd biggest train maker in the world with 15300000000 euros of sales and 2018 not quite enough to beat c r r c n n a 21000000000 euros but much closer after all the threat from this chinese competition is not necessarily just on the global stage but also in europe as well so see our son to get a foothold in europe now deutsche bank has assessed the potential of the merger and they say that for alstom their earnings per share could go up by about 17 percent and that's a figure which investors pay close attention to so you know that's the argument that alstom has it wants to bulk up its presence in order to fight off the competition so what is it about bombarding a specifically that makes it attractive to alston well it's attractive because yes it would bulk up alstom but also it's having difficulties at the moment as well i mean if we take a look at share price tumbling over the past few years and from well over 2 canadian dollars per share to as little as $1.12 befo

bonn which is a big customer of both own body and of alstom as well and you know it's interesting to see that they think that this could be a threat as well this fuse thing meaning that the bargaining aspects of the bargaining benefits that dodge van have would be reduced and so it also seems that you know due to report from reuters they are quoting a source in the french government which has seen that this time around that the e.u. may be a bit light on this but in the end it comes down to this all important divestment so it depends whilst i'm is really willing to get rid of and that could be the decisive factor oh see how this progresses over the coming days in the coming months thanks for bringing us your insight stan you're with. now for a quick look at some of the other business stories making news apple says the corona virus outbreak means its no longer expects to meet 2nd quarter revenue forecast as well as forcing the closure of some of its stores in china the spread of the disease has cut the production of i phones its chinese plans have all reopened but outpost is still ret

french train maker alstom has agreed to by the rail unit of the barnier 46 $.7 billion.s makes them the clear second and rail equipment behind chin'' s company. for more, we have miriam on the line. previouslyn alstom make an attempt to bulk up. they didn't because of antitrust concerns. how do we know this will go through? >> there is still a bit of a cloud in the deal, and it is down to antitrust. in this particular case, the parties are a lot more confident that this deal will get over the line, cleared by the commission, just because the overlapping areas that we are seeing with alstom and bombardier, are a lot easier to overcome than the one they had with siemens. they are very complementary in terms of geography. as the discussions and deal talks were taking place, antitrust issues were at the center of these discussions. actually, the french finance minister was meeting with the european competition commissioner, to address any of those concerns. are time around, the french taking action, trying to be in the driving seat, being very proactive, trying to collaborat

train alstom trains and trains would have a huge competitor in the market and you know itself is not producing hyper speed trains it's only a supplier in this business which means the situation of a merger of us on trains and bombard the trains is very. different compared to what would have happened if siemens trains and i'll some trains would have been allowed to merge putting 2 similar businesses together usually includes job cuts what can we expect here. well job cuts especially in burlington where. transportation has it's international had headquarters and germany has its german headquarters so of course there are synergies there on the level of you know the headquarters in terms of the production lines it has to be said well barges factories here in germany have seen an enormous amount of job cuts in recent years already experts are very hesitant to predict that more job cuts in germany would really make sense and easy but this is really difficult to evaluate because the train business speak comes a little bit more like the aircraft business buyers of trains often governments no

. >>> full steam ahead for alstom shares after the french trainmaker says it's in talks. >>> airbus shares hit a one-month low as they say they deeply regret a u.s. decision to hike tariffs on european-made aircraft. >>> good morning, everybody. happy monday the story we've been following the last couple of weeks that has gripped markets and the world, let's talk about coronavirus. chinese authorities have reported almost 2,000 new cases of coronavirus and 100 new deaths it takes the toll -- total death toll to almost 1,800 the rise in new cases reverses two days of relative declines over the weekend the 380 american nationals quarantined on the diamond princess cruise ship off the coast of japan disembarked after two weeks. they were put on charter flights returning to the u.s around 40 americans tested positive for the virus and will remain in japan. and europe has seen its first coronavirus fatality after an 08-year-old chinese tourist died in france. egypt also confirmed a case of coronavirus. that is the first in africa. >>> a speech by chinese president xi jinping suggests the countr

french rail maker alstom has agreed to buy canadian bombardier‘s train unit in a deal worth up to $6.7stom to bulk up in the face of rising chinese competition and growing demand in europe. the group will become the world's number two train manufacturer. amazon bossjeff bezos has pledged $10billion to help fight climate change. the billionaire said the money would finance work by scientists, activists and other groups. writing on his instagram account, mr bezos added the fund would begin distributing money this summer. time now for our daily look at some of the newspaper and website stories which have caught our eye. joining me is louise beaumont, executive chair of sig—noy, a data analytic company well, thank you for coming in. we will we start? we start with the guardian. you've been looking at this louise. heathrow hotel block booked as coronavirus quarantine facility. interesting, keith barr was saying that to us in wuhan, his hotels are being used by medical services to help the situation. the holiday inn is part of the intercontinental hotel group. they've been block booked in he

legg mason has a market cap of millions shares of alstom are lower in european trading after agreeingbuy bombard ner's rail for $6.7 billion it would give alstom a leading share of the european rail market >>> the parent company of holiday inn and plaza chains with a short-term hit from the coronavirus, the company closed a third of hoe tens in china as of late january. >>> still to come, a new era of wework as a new ceo takes the helm "worldwide exchange" will be right back this is the age of expression. but shouldn't somebody be listening? so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. because it's tailored to you! ...take the personal assessment and get matched with a proven weight loss plan. find out which customized plan can make losing weight easier for you! myww join today with the ww triple play! that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure w

first though they have to train several times every week steffi and to take to their local river the alstom in hamburg. although they both have experience in rowing they've brought in support from former world champion christie and darker staff you're going to start feeling don't fall asleep will you be achieved here as you are on land that's helped push through the last part you know what i mean. then do it so hard up not come long model with the money. if you weren't involved in this and didn't know and like them you'd have to be careful not to be mean about it and say what on earth are they doing complete nonsense. the group has been training for a year and a half of the cement by the flats the 2nd breakfast today looks good chaplet great. the more rowing a marathon today 42.195 kilometers the minds of men from commuter. before this challenge catalina and micah had never been on a road about. 5000 kilometers of ocean away with high waves but when the and like packed together in a tiny space many teams have broken off attempts at a crossing in the past these 4 women want to become the 1st

alstom in talk to buy bombardier's real business.c. last year, regulators blocked a merger between alstom and siemens' rail operation. -- is looking to get about $1 billion in a sale. one a sports shares have dropped -- wanda sports shares have dropped since their debut last july. that is your bloomberg business flash. quick check on where we sit with the markets right now. the u.s. is closed. it is president's day. as a result, we are seeing very like volume in europe. when you take a look at what is happening with the stoxx 600, trucking a little higher today, up by about 0.3%, you should appreciate that is not confirmed by the normal volume you would see in the market. euro-dollar trading absolutely flat right now. still trading at the $1.08 handle. last friday, we were trading at 2017 levels. down about 0.2% when it comes to brent, $57.23. up next, counting you down to the end of european trading. this is bloomberg. ♪ top 70,000virus case come about china will allow macau casinos to open their doors once again to restart an econo

welcome back to the kaiser report i'm max keyser time now to turn to alstom a cloud of gold money dot com full disclosure i am an investor in gold money al so welcome back my pleasure much january 2020 is phone over and your thoughts on 2020 so far out there what's your big picture there's a little picture here we've got independence i have to say this is my 2nd independence day the 1st was when i was a teenager in kenya when week a senior independence not we've got independence from the e.u. so perhaps it is done and dusted and all we've got to do is set the terms of trade and that will be done by the end of this year i the no deal well affectively. all the e.u. will come up with something being while we're negotiating with everyone else that we can negotiate with i reckon it's about 2 thirds of the world's economy. so for this country it's exciting but now there's always a but the problem is that the credit cycle is done with and we know what happens when the credit cycle turns you get contracting bank credit or a tendency for it to contract you get central banks and again you get c

so i think having alstom support could make things easier if you call them stormo support like- metro- but to priscilla. combined two companies and over three people in for and unions for that a merger would end up be to law of job then barty a its is over eight billion euro in debt after invest huge sums develop new airplanes the company has been offloading its assets earlier this week from rda sold its stake in eight to twenty p pnes to aiairbus and te quebec government and now i'll stop is reportedly offering some seven billion euros for its rail division. let the hope for the benefit for alice to mister former real industry giant which would generate about fifteen billion euro and which would allow them to share the costs of research and development and commercialization. and to keep up with their rivals. our another menu. have been to counter competition from chinese industry leader c. r. r. c. core. ouster marty tried to join forces with germany's siemens but the e. u. blocked the merger last year over anti trust concerns. and finally friday course a big day for florists but the

european commission hadad blocked alstoms previous attempt to tie up with germany's siemens french group is trying to shore up its global position and become more competitive against chinese giant c. r. r. c. meeting with the use competition chief bird on the merits of the austin bombarded deal would be good for the block. as a whole. via computer chinese champions of their american champions. to face them we need a european industrial champions and european digital champions. to defend our economic interests and our economic sovereignty necklace with it because- it's not a question of weakening competition law it's a question ofof it actingng competitionon o the reality of global economic power relations. so that the european union can play it's part of project. which we following that story see- if indeed the deal is a allowed to go throughgh indeed thank you very much for that kate kate will be there with a look at today's and business. timex for mediaa watch which aims at creating grieving james i plan on starting out in the united kingngdom where there's a date debate going on over

. >>> more company news, alstom has agreed to acquire bombardier's rail unit including equity and debt. the takeover will make it the second biggest train takeover. the french commissioner will speak about it later today >>> thyssenkrupp will likely be the biggest ever private equity deal the news that the tieup was off the table sent the stock lower >>> stay with us, also coming up on "street signs," u.s. futures turn sour as apple issues a warning. that and more when we come back. [ fast-paced drumming ] [ fast-paced drumming ] >>> welcome back to the show apple shares after a sharp warning that does not expect to meet quarterly targets due to the coronavirus. while production had resumed, the supply will be temporarily limited worldwide. they had forecast record revenues it has failed however, to provide a new revenue fraction >>> shares of apple suppliers in europe and asia are sharply lower done the back of the guidance you can see asml down. ams down 5% as well. back in january, 2019, when apple initially made a warning about their iphone sales in china, we saw real knockon effec

i want to bring you some headlines out of alstom, confirming it is in talks with from barnier -- bumer with purchase of the rail unit. the wall street journal and dow jones headset alstom has reached a preliminary ddl -- deal with bombardier for that unit. talks are ongoing, but no final decision has been made. is in talks, but not that it's agreed to paid -- pay $7 billion for it. back to yousef's conversation. about thehink likelihood of action by global governments or central banks? >> i think that's an interesting point. the really last time that happened was in 2008, 2009. central banks cut interest rates. in the second half of last year. they are still waiting to see the results of that action. it's going to take some time to be reflected in the real economy. that's point number one. so you're saying they shot that ammunition. barret: that's point number one. and in the absence of hard data, seeing the actual impact of the virus, it would be premature for some of these countries to engage in stimulus of some sort in their economies. so i think it's tough. but i see where it's c

it will make alstom the world's number two in rail equipment.er has been selling assets following a costly expansion -- bombardier has been selling assets following a costly expansion. jeff bezos says he will commit $10 billion to fight climate change. the founder of amazon has been under pressure. mr. bezos is trying to balance the company's need to deliver goods quickly with the environmental consequences of online shopping. i'm viviana hurtado. that is your bloomberg business flash. alix: we turn to wall street beat, were recovered three things wall street is buzzing about this morning. jobs up, hsbc plans to cut and 4.5 billion dollars in cost from underperforming units. then, wework's new management takes charge. a new ceo officially takes reins at the company. giant.ew investing sonali basak joins me now. let's talk hsbc. we talked about the idea of changing, how quickly come a restructuring. this is their third restructuring. sonali: and before they start cutting costs, they are going to be taking a lot of costs, suspending their buybacks

in the house, we passed something called getting rid of a alstom loophole.e sanders voted against it. we could be suing gun manufacturers today but bernie sanders voted against it. it is important to make a clear distinction as to where people stand. the questions are asked properly, we will get a distinction tonight. david: you took a position about 11 months ago, that you had some reservations about bernie sanders. you said, i'm not sure someone that far-left can win. as theyt as far liberal come but i'm also pragmatic and understands how government runs. you went on to say specifically about bernie sanders, that you have doubts. have you changed your mind? marcia: i have not. i believe this country is centerleft. i do believe the candidate that we choose, that can win, must be centerleft as well. that then brings into place the kind of coalition it takes to beat donald trump. it becomes a large -- as we say, big tent. the democratic party. i understand there is some havesity in the places we been, but a national election is different from a state election

in other business stories we‘re following, french rail giant, alstom, has announced it is in talks toe are 223,000 fewer "amateur landlords" than there were two years ago. changes to stamp duty for second homes and buy—to—let has dampened enthusiasm for smaller landlords. shares in the fashion and home retailer laura ashley have fallen 41% after warning it was in talks with its lender about funding to allow it to continue trading. it said if it could not get the "requisite level of funding" then it would need to "consider all appropriate options". sales at the firm fell by nearly 11% in the second half of last year. not much moving in the market. there is not a lot of economic data. in germany, the da acts is up slightly. following that lead in asia. we talked about the impact of the coronavirus on things like commodity prices, oil has been down. i itv shares, also in the headlines. its shares, also in the headlines. its shares are down 0.4% so far. more from me later. hundreds of flood warnings remain in place across the uk — a woman is believed to have died in floodwaters in worcest

the acquisition is likely to generate as much as 400 million euros of savings for alstom over five yearst will make the number two rail equipment maker. rio tinto is cutting price targets after cyclones hampered operations for the second year in a row. they say output will be between 324 and 334 million tons. 2019.re had records in prices are expected to decline this year. two groups of private equity firms are through to the next round in the heated takeover battle for thyssenkrupp's elevator business. . a consortiumle -- backed by carlisle. iposenkrupp says an remains an option if no sale agreement is agreed. coming up, how coronavirus is playing out for supply chains. this is bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in a

but that's alstom -- old stuff. but the new stuff is the new kind of cranes. the speed at which it happens. access from the highway, the interstate highway, to the port. we did that and we do that down in savannah. we're doing it in florida. i don't see them as either or. we have to maintain not only what we bring up to snuff that's out there that hasn't been maintained, but you have new initiatives that are going to be much more capable of sustaining longevity without this kind of intensive maintenance that has been needed in the past. it's called technology. i'm not being a wise guy when i say that. i didn't mean that in a disrespectful way. but these new technologies are capable of being able to do so much more. for example, there's no reason why, at our ports, we don't have solar capacity to make sure we save a lot of energy, create a lot new jobs for people out there, just like here in nevada, go out to techno valley. they are building a 600 megawatts capacity out there. we should be investing in how you transfer of that capacity from here to the midwest.