matthew: far and away, the bordeaux market is the center. everything else is peripheral.r scale of what they produce. careful about naming winds. we are very neutral. we don't want to recommend or promote anything. i am careful about giving wine names. bordeaux, those are going to be the most established winds in the market. the most highly traded. the most interesting aspect is the premier market. previously, they had been a trade off between people putting up their money early and waiting for delivery of wine. caroline: that is when you buy, say i had just gone to bordeaux and i buy it before it is being bottled. matthew: delivered an two years time. there's a trade-off between investors speculating and getting a discount. that has broken down completely. when you discount back to present value, many vintages compared to where en premier prices are, there is not any value. that is the analysis we like to look at. the quantitative side of the market rather than the qualitative judgment. current line: think you for joining us. back to you, manus. manus: great interview. w

perhaps too much bordeaux.moment, early stages before you know what the final product is going to taste like. good critical ratings for the more recent crop better than the previous years of 2011-2013. the takeaway is, buy older wine. many are saying it is not enough of a renewed sense of excitement about this and the real value is in the backdated bordeaux. 2006, so say the wine critics and the london wine funds. mark: we know you like your cider. caroline: i do not know my vintages that well, but i am just getting into bordeaux. i am finding my taste buds. manus: you can never refine your taste buds too much. we are back in the next hour. profits are up at reiner -- at ryanair. we speak to the cfo. that is straight after this rate. stay with the "countdown" team. ♪ >> greece returns to rescue talks after varoufakis blamed creditors for the standoff. the finance minister said his country withstand anymore. mark: fund sales get approval. in the second biggest economy in the world. manus: chartered communication

air-traffic control at bordeaux roughly an hour after the plane had taken off, ordered a plane to sinkfrom 37,000 to 35,000 feet. the cockpit -- the copilot was alone in the cockpit. once the plane was in dissent, he then took the dial to 100 feet, which is the lowest you can put it, for about three seconds, then he turned it back. >> that did not register with anybody. >> it did not register because the flight was in dissent. a couple of minutes later, they said you have to sink even lower, to 21,000. then he started fiddling with the altitude again, turning it to 100, turning it back, turning it to 100. so the 100 eat was on for more than a minute before it was brought back to level. that's when the pilot reentered the flight deck. reporter: talk us through some of the other key findings of this interim report. christophe: shortly before the plane crashed into the mountain, the copilot had slightly moved the control stick of the plane. the investigators did not mention if there was any intention or do not speculate on any intention of the pilot. they also said he did not answer any o

at the bordeaux national museum two months ago. >> bracing for more protests on monday, this after the funeral of an opposition leader who was gunned down in the capitol over the weekend. protesters have taken to the streets for more than a month now, angry over the president's bid to seek a third term. our team on the ground has interviewed some of them. take a listen. >> the head of the opposition party union for peace in the government has suffered an awful attack. today, we have gathered to contest the presidency of. >> if the police don't try and stop us, this demonstration is going to continue until we reach our final destination. the city center. >> 139 mass graves have been recovered in malaysia. authorities believe that the bodies have been found in suspected human trafficking. incidents in burma and bangladesh. the region has been a major route for smugglers. we report from bangkok. >> what we have known for some time is that this human trafficking trade is huge, it's something that involves multiple countries, and clearly across all of these countries, there are state offici

on bloomberghead market day, are you sure that vintage bottle of bordeaux is really what it says on theabel? the sherlock holmes of wine business, she has a nose for takes. fakes. ♪ ♪ and 2012, the2002 global wine auction market more than audibled in value. also on the rise during that time, wine fraud. wine: maureen is a top fraud investigator helping to rid the wine industry of counterfeit and stolen wine. you told me something interesting about that, pimm. she explains what she does in trying to identify a bottle of wine. maureen: a client brought me this bottle about four years ago. it took me 20 seconds to tell them it was the counterfeit bottle. wine fraud is not new. unfortunately, it is pretty safe to say that anybody who has been collecting and buying wine in the last 15 years has probably purchased at least one counterfeit wine. we manage private wine collections for individuals. people who are starting to collect all the way up to people who have tens of millions of dollars worth of wine. we also specialize in authentication of fine wine which is where the nickname the sherlo

>> uh, well, i mean, my true love are the wines from bordeaux, so-- >> do you have a lafite?> okay, now you're getting to the top. >> nah, i don't want that. i can't afford it. i have a question for you. >> sure. >> why is there crap everywhere? >> too much inventory? >> exactly. >> who's responsible ultimately for overbuying inventory? >> greg wants to be in charge of that. my approach to buying is, is i buy what i think i can sell within 30 days. >> and would you know how to liquidate it if you had to? >> yeah. >> and so why haven't you suggested that to greg? >> well, i tried, marcus. i'm not in charge. he's my boss. >> dan definitely knows what he's talking about. to take a guy with 20 years' experience and handcuff him seems silly to me. where are the owners? >> well, greg schroeder is the one owner that i think you've maybe met. >> i have not. >> boy, um-- >> i've been here a good amount of time, and i still haven't met greg. it isn't like he didn't know i was coming. all right, well, i'm gonna walk over to the wine bar. we can meet some more people. >> sure. >> the lay