i am anna edwards. >> i am mark barton.t is 6:15 a.m. in london. there are two big announcements today. -- we have a reporter in hong kong with details. good morning. >> good morning. yes, new zealand has been on top of this. seven hours ago, they raised the rate. that is the third rise in as many meetings this year. it shows you they have a different system altogether. it is important to contain inflation. koreafour hours ago, leaving the rate at a certain percent. tomorrow, the bank of japan will set to leave it at -- overall, a busy day for rate decisions. what else can we expect from indonesia later? >> 7.5%. no change to rates. maybe some stimulus. they're looking at the forecasting. for now, every single one of them says it will stay as it is. >> john, who will win the world cup? england and the team draw here get i have got england. i really do. -- i'm going with anyone but england. >> oh, you are going to get hate mail. >> do you like that? [laughter] >> everyone is going for brazil. i'm being a little bit of a cont

i'm anna edwards. >> i'm mark barton.ankuropean central becomes the first major central bank to take one of its main rates negative. the latest measure for mario draghi, are they enough to get credit flowing into europe's economy? good morning. he rolled out his big bazooka. was it enough for you? >> well, it was a very high press conference, but in terms of delivery, we got very little. the cut in the deposit rate into negative territory was much expected. the ecb had already felt sterilized in the ecb program, and some of that was already in the market. the result so an announcement in the form of a new credit targeting acronym to the of of that soup of the ecb. >> peltro. >> it was a very bold tag of 400 billion. these are only coming later, after the bank stress tests. the ecb understands ultimately cost of liquidity, it is the supply. we have a lot of announcements. comings of what is an of the short-term and what is coming after, there is the question. drivemight be trying to the short-term market reaction, which ha

. ♪ >> i am anna edwards. this is "on the move."nvestors are digesting comments from japan's prime minister shinzo abe. in an exclusive interview with bloomberg, he declares an end to the deflation that has crippled japan's economic growth over the last 15 years. getting out of the relation has been the great theme of the abe administration over the last year and a half. through bold monetary policy, flexible fiscal policy, and the growth reggie, we have wished a stage where there is no deflation. at the same time, we raise the consumption tax by three percentage points to 8% in april to in order to improve. there was no other way to achieve and escape deflation at the same time as restoring fiscal health. while overcoming this in april, we wanted to make sure we did not trigger a red light on progress towards overcoming deflation. this was an extremely difficult time for management of the economy. i believe we were somehow able to overcome it. we have set a goal of achieving stable inflation of 2% as soon as possible and we want to

i am anna edwards. mark carney appears before parliament later today.ected be a grilling for the governor of the bank of england. manus cranny is back with the details of what we can expect. the expression that he flip-flopped. the process. what are we going to hear today? going to hear some justification and clarity. justifying why forward guidance is a fluid, changing policy. some of the conversations we have had is saying no rate hike and the governor never said it would fundamentally change the respective when he would change it. inflation is still in check and that was required. you have mark ingram, always playing catch up. ever-changing forward guidance. >> he was questioning the forecast on which of the forward guidance was based and the first place and others will question the forecasting ability. very fair point. the record has not been great when you have that amount of people helping. and clarity and credibility. governor mark carney is said they, anytime he sun will shine, the sun will shine. it is about credibility. it is an evolutionary p

i am anna edwards. 6:00 here in london this thursday morning. bloomberg reporters are standing by across the world ready to deliver stories that will drive your day. looking at the markets reaction to the latest fad decision -- fed decision. is in paris with exclusive comments from the l'oreal chief. and caroline hyde is in london. stay with the channel. on the next hour, an exclusive interview with the biggest electronic retailer. and later on bloomberg row coming, an exclusive interview with a special guest on "the pulse." he talks about the connected home. the fed reserve trimmed its bond buying program as expected by $10 billion. the fifth straight cut in a row. walk usanny is here to through the minutes. janet yellen had a very important news conference as well. manus, the market seem to like what they heard. neuheisel reached on various markets -- new highs reached on various markets. >> it could have been worse. let's have a look. the treasury bond is the biggest again. why? it is a commitment to

. >> i am anna edwards. standing reporters are by ready to deliver the stories that will drive your day. hans nichols in berlin. choosing the next european commission president. the chinawson has inflation problem and the potential deal between two french mobile carriers hit a snag a caroline hyde has that story. >> jean-claude junker's candidacy to head the european commission. they have time as the prime minister of sweden set a summit will not lead to a speedy election. hans nichols joins us. time is not an ally, is it? >> it certainly is not. what junker needs is his extension to the had of the commission to be a foregone conclusion. you heard from prime minister brian felt that this would not be the time to discuss personnel matters. on headingis going into the meaning, cameron was quite critical. craig, you spoke with reaching out trying to find a bloc. it is like matteo renzi is against junker. it is like the momentum is pushing back against junker. david cameron said we should be the way -- we should

i am anna edwards at bloomberg european headquarters in london.ngs are shaping up on the first trading day of the week. things looking pretty positive. up 0.2%.n market a busy week ahead of us. we have an ecb rate decision. let's get to manus cranny at the touchscreen with three stocks to watch. --let's check in on one part one of the carriers, the discount carriers. easyjet down over 3.9%. , earnings pera share click. the upgrade cycle in this overall industry group has almost run its course. they cut easyjet to underperform from neutral. they dropped the price target down by 22%. they say, you had your rub in this industry group. today it is about tax. they are getting a tax rebate from the canadians. $248 million. another $162 million to follow. it is not a takeover story, it is about a tax rebate. anglo american up 0.6%. the market is considering selling assets inside africa for some $4 billion. return on equity is king within mining. will they make it? back to you. >> thank you very much. these are the bloomberg top headlines this hour. bnp p

i'm anna edwards. >> i'm mark barton. 7:42 in london.tions the outlook for the economic growth platform. joining us to discuss the italian economy and the e.c.b. decision today, always good to talk to you. thank you for joining us. >> thank you, mark. >> if i transported you today into mario draghi's body, what would you do if you had carte blanche to do whatever you wanted? what would you do as draghi? >> that is actually -- wow. you're putting me on the spot here. well, first of all, what he is going to do what happened the markets are going to expect are certainly going to be very, very different things. draghi is a very experienced poker player and he is not going to show his hand literally until the last minute and he still may have some ace up his sleeve. i think he is going to bring interest rates down to 10 basis points and implement a.b.s. purchases in the form of ltro. the important thing is he or is he not going to start charging banks negative interest rates because that is really going to be question that everybody is asking

i am mark barton, and ianetta anna edwards. time is 7:51.suggested that the markets were showing an ultimately unsustainable combination of risk on and growth off. still so unsustainable. michael is here. >> such a good intro, i didn't know what to add. >> this is true. you have seen credits continue to squeeze lower. you have seen volatility drop to multi--year lowe's across a range of asset classes. yet you are seen economic growth forecasts scaled back in the u.s. you are seeing earnings forecasts scaled back in europe. so the forward multiples are actually looking quite challenging. however, i would think over the short term you have a number of technical factors that are weighing in favor of further appreciation of the markets. you have two-year highs, flows continue to be positive, and you've still got banks singing the tune. my concern is that unless you have a growth reaffirmation later in the autumn, you have the kit list for an autumn melt-up. >> i haven't heard that one in a while. carney, if you were to ask him one question. if y

customers do expect us to do that. >> peter long speaking to anna edwards.k about office design. we don't talk about office design very often. the cubicle was designed to make us happy, the little thing you sit in in some offices. that is according to the author of "cube." he tells us how a space meant to liberate office workers became the symbol of everything we hate about work. >> the cubicle is one of the more ironic creations in the american office. they wanted to save people from the anonymous spaces they were confined to. everyone knows the images of what offices were like in the early 20th century. orple who have seen "madmen" the movie "the apartments" it is just rose after row. robert, the inventor of the office cubicle said the office is a wasteland. the solution he came up with was called the action office. of wood.alled space the idea was to give workers a space of their own, something they could personalize. you could paint on the walls, you could shake it the way you needed. it was meant to be autonomous, independent. people thought this would

. -- anna edwards.mberg, we will be speaking with the newly appointed ceo of the airport, john holland-kaye. chef openscelebrity restaurant in terminal two. >> looks get 20 top stories. quarterrst sale -- sales figures are here. ryan chilcote is here to break the numbers down. but the all-important metric. the analysts expected a four percent decline in sales. sales declined by three .8%. hardly wonderful news, but that are than what the 14 analysts we were talking to were expecting. better than the report yesterday. bit -- everytle little helps. >> might still be their weakest in a while. we will have to check the figures. >> absolutely. we had the report coming out yesterday, saying not just sales for the week -- the weakest since they started doing records 20 years ago -- but also market share seen the biggest drop. >> this is a company that has been trying to turn itself around. plan -- be onting the cost-cutting plan. the environment for consumers in the u.k. is challenging. we heard that word. >>

i'm anna edwards at bloomberg's european headquarters in london. we're 30 minutes into the trading day. let's see how things are shaping up. here is the picture for the market. we have a number of very interesting individual stories to dig into but let's have a look at how the overall markets are performing. let's start with ryan chilcote. >> let's kick it off with asos. the u.k.'s largest internet only fashion retailer that opened this morning 44% down. its biggest drop since its i.p.o. in 2001. it clawed back a little bit of that but still a massive hit. almost $3 billion wiped off its vowel this morning. that is off the back of a profit forecast. the company obviously increasingly dependent on the united kingdom, europe, the united states. also spending heavily on infrastructure and promotion. interesting. smith & nephew up. of course they are the object possibly of a takeover battle between two u.s. companies. it will be interesting to see if that is about them trying to domicile themselves in the united kingdom as we have seen in the past. deu

i am anna edwards.ents made quite pointedly by carney last night at mansion house. , tired of the congo zen? did the p higher ound go? >> 1.7150. what matters is divergence. we have had the ecb bring in more easing measures. potentially the bank of england, as kearney hinted at, putting up rates later this year. they will move to price that more aggressively, let's say. euro sterling moving below that 0.8 level and perhaps more leverage or attraction there will be in the currency markets. it's great. we are getting more and volatility and divergence which is what traders always want. >> you are talking about euro sterling. some people are looking at interesting signals coming particularly from the five-year bond market. we have reacted to the ecb announcement in the last week or so with these unconventional monetary policy measures. whatwhere do you see -- signals are you reading? is the euro quite unmovable? divergentuse of the monetary policies? >> you look at it from an interest rate angle or asset m

welcome back to countdown, i am at a words -- i am anna edwards. and i am mark barton.n order will cancel for aircraft. the first of liberty was scheduled to take place in 2019 -- the first delivery was scheduled to take place in 2019. they are very confident in the wide-body program and their order book will grow in 2014. >> first delivery expected this year of the 85th -- a 350. high hopes. as oil ministers meet to decide a collective production limit, angola's will minister said he is satisfied. >> the market is ok. opec is producing -- we have about 30 million. not bad. the price is good. it is not bad for us. >> stay with toback -- staying with opec. thank you for joining us. we have spoken to 10 out of the 12 oil ministers. there seems to be a view that supply and demand and global oil before is well-balanced, today's meeting, meaning 30 billion barrels a day stays the same. are you feeling as if eac and comfortable as the oil minister -- are you feeling as easy and comfortable as the oil ministers? >> everybody was very much about, having to cut back. thanks to l

. >> and i am anna edwards.me minister david cameron jean-claude juncker fight against fred against jean-claude juncker is the beginning. he arrington national correspondent hans nichols joins us from the use summit in our international correspondent hans nichols joins us from the summit in brussels. >> she wants to engage on policy. she wants to knowledge the name need for reform. she was to find some way to help david cameron climbed down from his situation. not drama if is the vote is not included. we have to find as much common ground as possible. i think we can find a good compromises with great britain and extend our hand to them. >> that was from a meeting last night. they had dinner before the big summit here that is just kicking off. cameron is digging in. he is saying he all celebrating his fight, saying this is only the beginning. part of a campaign he will wage. he is making it clear he wants to use his opposition to jean-claude juncker as part of his overall case he will be's firm and strong with br

he spoke to anna edwards but he disagrees with cameron about whether the u.k. should leave the eu if juncker gets the job. nobody is perfect. he needs improvement. but by golly, we need to stay in it to deal with all of the things that you cannot deal with . borrows also pledging to money to build new homes in the u.k. he says he wants to "rake the over statees taboo support for house building." >> now for a bloomberg exclusive. but she olivia's gig, has been talking to mark mobius. >> i asked him who impressed him most this year and you are not going to believe it. have a listen. >> maybe -- he has shown a great deal of control and restraint, being very logical in his decisions. >> we pushed him on this. i asked if he was concerned about the business environment in russia. goes on.o, business he thinks the market has been oversold. we asked if he was selling out of equity positions in russia right now. he said absolutely not. he said the recovery in russia has a long way to go. >> there are a number of generals on both sides of the atlantic who have had to ami

. ♪ >> i am anna edwards and this is "on the move ." here is a stock that is on the move.t is zoopla, an online property company. is it a property company, is it a technology business? it is up by 4.6% on the first day of trading for this company. 7.3% in thech as earlier part of trade. the ipo offer price was 220 pence per share. mail retaining some of its stake, saying they will sell a maximum of 40% of their current 52% stake in the business. not getting out completely. siemens chief takes is alstom proposal to french lawmakers after presenting a joint bid with mitsubishi. it is a different style, but it is the same message. three weeks after the appearance of the ge ceo in front of french lawmakers, it was joe kaiser stern. kaiser's turn. he needed to convince the lawmakers that is best -- his offer was the best for france. it is almost as in portland as getting the shareholders -- as important as getting the shareholders on board. he had to reassure on jobs. his joint bid would safeguard french jobs and local investments. make an offer to harm another company. we want

. ♪ >> i am anna edwards in london. this is "on the move." here is a stock that is on the move.is whitbread, the owner of a hotel and coffee chain here in the u k called costa coffee. it is up after it reported numbers for the first quarter. like for like sales beating estimates. as a result, that stock is moving higher. deutsche bank also saying this morning that the stock had been lagging behind some of its peers in recent trading as well. it is day 2 of london's head week and we are focusing on the cloud. caroline hyde is live. over to you. >> thank you very much. axm joined by a partner in cel partners, one of the key investors in europe in the start out arena. -- the startup arena. we are here at the cloud world forum. give us a sense of some of the growth you are seeing within cloud computing, how you think it is helping companies start up . what are some ideas you are seeing? >> cloud computing is making i.t. easy. it is a very strong enabler for a lot of startups. they do not need a lot of capital to get their infrastructure going. do a pay-as-you-go basis and it makes i

. >> i am and that edwards -- anna edwards.he finest lighting, security, and telecom systems. it is courtesy of a company. joins us froment this smart home show room right now. >> thank you. i am joined by gary lewis. home thatset up this is the first of its kind in europe. >> it is the first of its kind in europe and it is a smart apartment. we developed a home concept to show people what a smart home can really do. it is not a smart -- scary thing. it is here to help. it is a man cave. -- it is really showing people here. we have a games area. we are showing touch screen technology. i will show you something that we can do to try to help envisage a little bit more what we are trying to do. >> all connected in the internet. there are tactical ways in which this helps. it is not just about a modern gadget. it is about saving money in the future and you can save money on your grocery bills. >> yes. example, in the future, we will have a shopping bill delivered to us in an electronic format. we can decide what we would like to ea

. -- anna edwards. here with me is hans nichols and ryan chilcote.ans. >> we will be looking at jean-claude juncker. his confidence that he will be chosen at the next eu president on friday will be a headache for david cameron. ryan? my radar.ries on i am looking at the prospect of more sanctions against russia. we learn the u.s. is preparing another batch and what is next for news corp. following the trial in the u.k. prosecutors say they may pursue a corporate case. it is a motley bunch of stories but i can handle it. >> thank you very much. that is what the markets are watching. european markets opening. let's check in with manus cracking -- cranny. >> a motley bunch of stories for ryan chilcote. let's look at what this motley map can give is in terms of equity markets. abe says that deflation is dead. goldman sachs says that you can buy the topix index and get a target of 1450. added $22 billion in new funds to hedge funds in the month of may. you're today, that is nearly $93 billion. the best year since 2007 with money growing

. ♪ >> i am anna edwards.kedt down on the sunni militants who took much of the country's northern region last week. fears of instability have sent big waves through oil markets. for more on all of this, i am joined by jason as well as ryan chilcote. ryan, perhaps you can bring us up to speed. >> the latest is the iraqi government is pushing back on the militants. we have the militants still in --trol of the second busiest second biggest city in iraq as well as in control of part of the pipeline. much physically in terms of oil, the very same situation. we have seen markets remain jittery this morning, both brent and wti on the move. we can anticipate throughout the week really. people watch the rock for clues -- iraq for clues. the market needs the oil and there are not a whole lot of places that can provide replacement to it. >> ryan, stay with us. let's bring in jason. a very fast-moving situation. what is your view? premium is going to continue to escalate over the course of this week. we already had a very

. ♪ >> i'm anna edwards. 7:54 in london. >> hire opening across the opening acrosser the markets. will be watching. let's have a look at the board for data, followed by germany. futures are slightly higher. there is there is data slate. keep an eye on auto stocks. nine months consecutive sales rising. let's have a look at those three stocks. they will be in play today. we haven't seen a drop in emerging markets. for fivet seen a drop days in a row since january. and then a little bit of a month. it could be a bumpy old ride. >> manus, thank you very much. "on the move" is next. obama'sbe looking at mideast dilemma. stay with bloomberg. ♪ >> welcome. investors weighed the significance of a return to iraq as oil prices return to recent highs. ask the u.s. is sending troops to iraq. the obama administration is sending just over 300 soldiers to iraq. another city has fallen to insurgents. the u.s. says they are willing to talk to iran about coordinating efforts in iraq. >> the battle for ahlstrom heats up as siemens and mitsubishi launched a counter offer. the companies are in paris t

. >> and i'm anna edwards. for greater look at the ipo david list joins us now.ndigestion? >> there's a huge amount of fatigue going on right now. kissing about 10 ipos this week. forhave to take them mental a real plethora at the moment. there are still many in the pipeline as they understand it. they're not going to go away anytime soon. and ishas been priced selling for more than many people thought. what do you think about tsp? is a big question when we come to these challenger banks. the grip?oosen does tsp have it takes? >> i think it does. they have come out of one of the majors, anyway. size toe scale on the succeed. hasse it has the scale, it 630 branches. the 6% of u.k. branches. checking accounts, 4%. >> it is a lot compared to a metro bank. it doesn't actually have a solid start. >> is going to be a pure retail bank, which is the part that interests you, perhaps. that is not a model you can find very many places in the u.k.. have an investment banking arm attached as well. >> except lloyd's. >> would this be a good time to look into buying retail bank

edward fowl was detained by of a bible he left in his hotel room. apparently that's against the law there. he is the third american being held in north korea. anna?ook. >> come with me. >> what are we going to do x. change the world. >> "son of god" tells the story of jesus following him through his birth and resurrection and beyond. joining us now, actress and executive producer of "son of god" roma downey. good morning. thanks for joining us, welcome back. >> thank you so much for having me back. >> what do you attribute up a the success of "son of god." here in february when this came out and now it's on blu-ray and dvd. what do you attribute your success to? >> it's just been phenomenal and so exciting. i think that people were just keen to see jesus back on the big screen. his story hadn't been told for almost a decade, since "the passion," and "son of god" really takes you on a beautiful journey through the whole course of pes lifhis life, the lead pl a portugal actor who brings strength, he's the lion and the lamb, and i think it allowed people who didn't know jesus to get to know him, and people who already know jesus to fall deeper in lo