you wonder what will be left of bombardier.is left with a healthy business that has a lot of potential to grow, which is the aviation business. bombardier will remain a key player in the space. shery: thank you. the latest on that cost him and bombardier potential merger. leavingt trump just andrews air force base. he said president xi jinping of china is working very hard on the coronavirus out rate. of course, we have seen a number start to decelerate when it comes to new infections across china. plenty more to come. this is bloomberg. ♪ mark: i am mark crumpton with "first word" news. president trump is commuting the 14-year prison sentence of former illinois governor rod blagojevich, calling it "ridiculous." he was impeached and removed from office for corruption. he was convicted of trying to auction off the u.s. senate seat left vacant when barack obama won the presidency. contracting laws are being weighed to speed construction of a wall on the u.s.-mexico border. the move is expected to spark criticism that the trump ad

bombardier didn't really have the cash to boost the production there. airbus bought that take.hey now own 75% of that and will be able to boost production they have a narrow bodied segment where this operates. airbus will try to build up a littlity it takes a long time to steer the ship they have an eight-year backlog and they are trying to position themselves for the future. >> shares here under pressure. presumably investors wanted more than they were given this takes a really long time to turn things around because of the crisis with boeing where you have an eight-year back log. this is put in place and they want to look conservative and realistic in delivery and targets. they had a lot of issue and delays in the assembly plant on the back of the coronavirus virus crisis they have about six month behind on the i 320 program they said they will catch up on this in 12 to 18 months. they want to address all of these before they can ramp up. as the market is growing with more and more asian customers. >> a lot offism pact here. still on deck, ranking the world's top brands accor

. ♪ liberator bombers crack down on -- puertocess seta island, bombardier's dropped bombs on the island airstrips are battered into uselessness. unceasing support from landon carrier-based aircraft in the battle for the philippines -- support from land and carrier-based aircraft in the battle for the philippines. ♪ against then, elements. to the frozen great lakes, the new united states coast guard icebreaker mackinaw carves a vital path, behind her, cargo vessels from duluth to chicago and the earliest midwinter crossing on record. the mackinaw cuts three solid inches of ice at eight miles an hour. ♪ urgently needed in the war effort, these newly-built ships would normally be marooned on the great lakes for two more months. .ow they are delivered on time ♪ infantry landing craft in-store-tossed atlantic sees on the way home from so silly, -- from sicily, salerno and normandy. these are small ships, but seaworthy. after hundreds of landing missions throughout europe, they are still fit for new assignments in the pacific. anhoon off the philippines, american carrier plows through raging

. >> textron moving 10% higher after report they are in talks to buy bombardier. bombardier previously discussed selling to a company in france those talks stalled. textron moving 10% higher and bombardier trading higher as well >> textron is our kind of company, i never owned it. >> i have. i sold it lower. >> you own raytheon, right >> for up there ums lots of nam there. i never looked attractive to me. it owns learjet and they don't compete well against gulf stream. >> they have underperformed because they have been too diversified. i think the market likes this because they are getting bigger in biz jet if you think we are recovering and the global economies are about to recover, biz jet should do well. >> here's what else is coming up on the "halftime report." >> announcer: another big day for earnings see why one analyst is hot on snap ahead of its results after the bell that's next in call of the day. >>> and the desk weighs in on disney ahead of its report the "halftime report" with scott spot the traders is back in two minutes. how well does your financia

including major players such as military aircraft maker lockheed martin and the canadian plan maker bombardier have skipped the event at least 10 chinese companies are also not here due to a travel ban on those coming from the country imposed by singapore. well i notice that there are difficult bits which which are empty this morning i think some people didn't turn up and then this day they seem to have reduced presence. but this is still a major industry event boeing and airbus are in attendance among 930 exhibiting companies what is one of the biggest global shows of its kind organizers have imposed strict medical checks and handshaking is being strongly discouraged not that much of that was expected here anyway with few anticipating any major deals to be announced while the outbreak has hampered this event those attending are hoping that the longer term impacts on the aviation and aerospace sectors will be kept to a minimum both with chinese g.d.p. for 2020 expected to lose at least one percent on the back of the outbreak that looks like an increasingly for lauren prospect. and meanwhile ch

called siemens, you have a company in france called aztum and you have a company in quebec called bombardier. there's no u.s. company making those products. so i think there's a great opportunity to work together, to build a champion of these products in north america. but right now, we have a challenge with buy america and buy american. the requirement of 70% doesn't permit us to integrate our companies together. second subject, very rapidly, i draw electricity, quebec as very large surpluses of hydro electricity. we already have gleams with vermont, with massachusetts, with new york, and we're in negotiations with mr. deblasio at the city of new york, to export more hydro electricity, cheap, and clean energy. thank you. >> thank you very much pre. premiere ford. >> thank you very much governor hogan for inviting us down there and i know on april 21st, april 23rd -- >> make the plug. >> i got to make the plug here. we invite all of the governors up to toronto, it is one of the most beautiful cities in the world, and i invite the folks listening to us, to come up as well. i just want to ment

. >>> switching to industrials alstom is trading higher after it's heard they are in talks with bombardierthe proposed deal would help alstom compete more effectively with its main global competitor, china's crrc corps the deal was blocked last year by european regulators. >>> to the uk, shares? yup ter aset for their best days after they struck a deal to buy merian investors jupiter says the acquisition will enable it to accelerate its growth strategy. so that stock is up almost 9% in trading. >>> and the eu and the uk will, quote, rip each other apart in trade talks following britain's departure from the bloc, according to french foreign minister jean-why ves le drian he added london's aim was striking a trade deal by the end of the year will be difficult. let's get back out to the head of the fx strategy at bank lombard. still early discussions but i'm watching the pound very closely here it seems to me that the mentality is still very much buy on depth here. the pound is trading still north of 130 what is your take on where the pound goes >> well, that's a million dollar question, isn'

bombardier, which has had trouble recently over failure to pay its suppliers on time, is expected to in the ft. there 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. discount luxury shopping outlet bicester village is feeling the impact of the coronavirus outbreak. visitor numbers have fallen sharply, with fewer chinese visitors coming to the uk. more than 72% of chinese visitors to the uk go shopping during their trips, according to research by visitbritain and there were 415,000 visits from china to the uk in the 12 months to september. clearly quite an impact there. let me show you what is happening on the markets. pretty quiet. not a huge amount of moving those numbers. you can see the ftse100 abated up 1%. in germany, reflecting some of the gains we saw in asia. a pound will buy you $1.30. it was up significantly in the wake of the coronavirus outbreaks, there was a lot of concerns. but brent crude is back down. more from us in the next hour. we have seen storm

. >>> 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

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

is taking 75% of the joint venture we had previously with a partier -- with bombardier. alix: putting me now is guy johnson come up "-- is guy johnson, "bloomberg markets" coanchor. guy: let's talk about what they had in terms of the year. they had to take two big charges as a result of what happened last year. one is a military transport aircraft which we thought was behind us. the other one was the bribery settlement they reached with regulators around the world. in terms of this quarter, i think the number you want to look for is the q4 adjusted ebit line, the operating profit number that came in ahead of expectations. this stock considerably despite the headwinds it has faced. it is up some 30%. the cac 40 is trading pretty market.line with the airbus has a production line in china. it has reopened that. we are still trying to understand what the input case and are going to be. an impact on ultimate customer demand. certainly, today talking about the idea that chinese carriers in particular could be affected by what is going on here. in terms of being able to take ad

it's agreed to buy the rail unit of canada's bombardier for as much as $6.7 billion.ake alstom the world's number two in rail equipment. bump a deer 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 ar

companies, according to "wall street journal", are now in advanced talks for airbus to acquire bombardier'se program to jointly develop a new a-220 single aisle jet. this is a competitor some thing to the boeing 737 line of jets so we're watching for any new developments with regard to the industry dynamic those two companies had been joint partners, now it amount that airbus wasn't to buy out the entire stake we'll be reaching out to the companies. back to you, kelly and tyler. >>> let's look at cass per the friendly mattress company. after its debut yet, it case priced at about $10 a shares now it's back below its offering price of $12 a share as people fall asleep on casper. >> no one wants to be long on the weekend. the virus vern are, the whistle-blowing scientist lost his life over this. >> i worry about the people in wuhan, who aren't able to get incoming food and-month-old supplies as the quarantine stiffens >>> thanks for watching, everyone. >> "closing bell" is right now. >>> hello, welcome, everyone, to "closing bell. i'm sara eisen at the casper post 59 minutes left to the close

it with a can of beer and when the patriots threw out the opening pitch rob gronkowski used the bombardi practice. >> i was like oh, my gosh and then i was like, i can fix that. >> before the hunk of metal the team spent time buffing to present to a winning team it must first through the steady hands of harold gainer. gainer has personally engraved 15 of the super bowl trophies. what makes it more complicated when it's curved? >> you have to adjust the height of your tool when you're cutting. >> he can engrave anything but often has to engrave them at the last moment on the field when the pressure's on. >> you don't have a back up to do repair work. close the drapes and go home. >> all kidding aside you have to have confidence to do something like that, i feel. >> it's not something gainer lacks, not after 58 years at tiffany. in fact, he remembers when the vince lombardi trophy was first created. >> when you first saw it right away did you know it was something special? >> i did. >> it was back in 1966, when according to legend, nfl commissioner pete rozelle and the designer at tiffany

bombardier and mitsubishi and aurora, they're all just cookin'. it's good stuff. it's great stuff. so if we can now recognize martin d. premio, i believe, david hinkle, county commissioner in harrison county and andy lang is the mayor of bridgepo bridgeport. and please, they're doing it. give them a giant round of applause. [ applause ] i've got to pass kudos back behind me again to a fellow, roger hanshaw. roger hanshaw's team has come up with a concept called mountain impact. it's a mountain impact fund. it is basically just this. you have a fund that becomes the bank that you can loan money and inspire people to invest within the state of west virginia and you can give all kinds of great return on their money that they invest. and you can bring money to our state like you can't imagine. it is an ingenious idea and i absolutely will fully support it. and roger, i thank you for it. y'all can clap, that's a big thing, guys. [ applause ] i've been with our president many times. i am looking for more and more and more and more jobs. at the end of the day, that's what you elected me f

the wall street journal and dow jones headset alstom has reached a preliminary ddl -- deal with bombardierhat 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 coming from, sort of ranting -- preempting worsening of the epidemic. matt: christine lagarde also wants to see stimulus, mainly for her, it would b