burberry isn about what i could afford in a burberry jacket.uld probably up his s take to about 7%. are they ready to start doing deals again, or is this the last hurrah? onncine: guy is very keen his burberry jacket. i don't know about the alpha males, hans. but what you can see is there certainly is investor appetite for that kind of deal. i don't know if it will become a takeover target. i don't know if it will actually be acquired by someone else or if it is a private equity that is looking at it, or if it is simply an investor saying, look this is a good deal. given the price reaction, investors are hoping that someone -- management has been fairly quiet in the past. this was one of the big tests for the luxury sector. this is the first time we have a ceo that is creative director as well. christopher bailey is in a difficult position because he was the first one to do it. investors could be trying to test his resolve. guy: up next, the president and the ceo of hilton worldwide. we are joined exclusively from berlin. ♪ guy: welcome. you ar

for burberry-- who could bid for burberry? it is a big question.ny is not commenting officially, but people familiar with the matter says that the company asked brokers to investigate who has built up the stake. they also asked hsbc who the mystery investor is. if we were look -- if we were to look at a broader view as to why they would be interested in who those candidates are -- burberry's been down 30% the last year. in terms of people with the firepower to take on burberry, lvmh is the biggest candidate with brands -- with more than 60 brands, covering everything from handbags to boots. with burberry fit in its portfolio? -- would burberry fit in its portfolio? aey may feel they are doing better job than christopher bailey, who is both chief executive officer and chief creative officer. equally be inactive shareholder who is disappointed with the company's performance. we are all waiting to find out. if hsbc will reveal the identity. in the process, burberry is defending itself. mark: there have been seven big luxury goods deals and the last 15

burberry off now about 2.2%. thank you so much for joining us. >>> well, let's shift focus a bit and take a look at telecom italia. driven by comments from italian and french leaders. they're saying they could be looking to cooperate in certain sectors like telecoms in order to create major companies which are competitive within europe. >>> a mixed report from deutsche post with fourth quarter record operating income. they posted revenues below expectations. in terms of shareholder payout, they proposed an unchanged dividend of 85 cents a share and announced a share buyback program as well. speaking to us earlier, the ceo said he was optimistic about 2016. >> we will see a modest growth for this year. many indicators are in the right direction. consumers are still spending money. we had a very strong fourth quarter which shows that consumers are continuing. we see growth around the world. i'm more optimistic we'll see a comparable number. i think it's a more negative mood than really necessary. >> volatility in e

in london, shares of burberry are surging today.tting up defenses against a possible takeover offer. its advisors to prepare a bid after a mystery investor took a 5% stake. that is the "bloomberg business flash." burberry we think that may now be a takeover target. so we do have a mystery person or group of people going up to 5%, but why burberry would be attractive is that first of all we have seen a little bit of pressure on the share price because of its exposure to china. it is one of the only freestanding and free-floating luxury companies left out there because we have seen so much consolidation in the industry. tom: you wonder if one of the french conglomerates in the fashion industry is making a dash here. let's go back to dominic konstam with deutsche bank. my "morning must-read" is off his research note. this is must-read for global wall street. this wasought absolutely brilliant. the rollover we have seen in productivity. let's start with how the fed should look at low productivity. how should they study it? how should th

did notlear why hsbc tell burberry sooner.ba wants to come even bigger and is asking google -- banks for loans. u.s. banks involved include citigroup, goldman sachs, j.p. morgan chase, and morgan stanley. time for our bloomberg quick takes, where we provide context and background on issues of interest. today the focus is on banker bonuses. the banking industry we see today was built on a promise of substantial compensation for its employees. the debate over whether regulators should interfere with this practice rages on. wall street firms adjusted to the post crisis financial morality -- reality by pulling back on pay. that marks the biggest decline in 4 years. regulators play a starring role in determining how banks play -- pay their top traders and managers. this applies to worldwide operations at eu banks as well as local operations of global firms. started to inflate in the 1980's after deregulate allowed commercial banks to trade to capital markets. the eat what you tell tradition meant that bankers got paid profits in li

. -- building up a stake in burberry.his is according to people familiar with the matter. tracy: we are going to head to the markets desk, where julie hyman has a look at retail stocks. julie: mixed trade among a lot of these retail stocks. the company coming out with earnings and a forecast at the midpoint of its forecast for fiscal 2017, ahead of analyst estimates. those shares are rising. fourth quarter comparable sales up 4%, ahead of estimates. are lower after a downgrade from goldman sachs to neutral from conviction by. it is basically the recent outperformance of the share committee evaluation call. the stock is up by about 27% from the lows it reached in november. very interesting note out on tobacco stocks this from ronnie herzog at wells fargo talking about the new smokeless tobacco, or vaping platform from philip morris. the stock is saying that stock is a win-win for philip morris and altra and could eventually result in a reunification of this company. she says the platform could change the "trajectory of smo

burberry, one of the european companies we keep a close eye on, the stock in the news for a different reason today. shares moving higher this morning amid reports that they could face a possible takeover bid from a mystery investor. this investor has built a near 5% stake in the firm. hsbc, the custodian for the position, is not disclosing the identity of its client. it's thought rival luxury groups could be buying up burberry stock to capitalize on the recent fall in share price. >>> mean while, rwe has annou e announced plans to comprehensively restructure npower. they swung to an operating loss of 170 million euros in 2015 largely due to billing issues. overall, the german utility giant guided for lower profits in 2016 and posted a 5.5% drop in full-year earnings. we'll get into these results at 11:30 cte when we'll speak first on with rwe's cfo. >>> and a sugar rush for lindt with forecasts rising 11%. the chocolate maker confirmed its 2016 guidance and sweetened its dividend by 10.3%. joining us now for more reaction on the results is john cox, head of swiss equities. thanks for

burberry is the top the pile. it's up 6% today. there is aeculation potential takeover officer.rry asked his advice is to help prepare for of bid after an -- a mystery investor build up a stock of 5%. i am dying to find out. shares of tesco received a boost today. mark: has there been some respite in the supermarket industry? there is the suggestion of guests. we have data from being number one revenue. that is an improvement on the previous figure. streaknded its revenue to eight. sales growth one up .5%. that's the most since october. it's a tough time for amazon. push intotrying to the market. shares in tesco are up 1.9% today. it's a fight to the death of their among the grocery retailers. we are getting a little boost in volatility. vex -- fixlow 24 the x. fix -- vi the crack spread is next. we are seeing that widen out. brent crude is above a 40. more. to show you but how far down that has gone. this would be a gauge of what the market is expecting mario draghi to do. it has gone it to -22 basis points. britain's potential withdraw from the eu is causing a widening in the

that one's burberry. >> when people see haley's pictures what do you hope they walk away with? >> i would hope that people would just see her for who she is, an amazing person. >> reporter: for "nightline," i'm rita ninan in new york. >>> and next, first her, now him. till jail cell dozen they part. the first night in captivity for a real husband of new jersey. driving out on the open road together is great... but i think women would agree, getting home... to cuddle up with their man is nice too. but here's the thing: about half of men over 40 have some degree of erectile dysfunction. well, viagra helps guys with ed get and keep an erection. ask your doctor if your heart is healthy enough for sex. or adempas for pulmonary hypertension your blood pressure could drop to an unsafe level. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. ask your doctor about viagra. the e-class has 11 intelligent driver-assist syste

burberry, there is reports that they were ahead and not interested in burberry. we see a little bit of a fallout in the stock price? guy: thank you very much. yogesh is still with us. you talk about getting the dollar rising is critical. this is a interesting chart. ducks but negative correlation between the yen and em. there is a tight story here the correlation negative started to broaden out a little bit. what do you think is happening here? it is beginning to evaporate. ye -- the yen should be much weaker than it is with all the quantitative easing. what has been happening is that the world and you political events have been taking over. people have been going out and buying the yen as a safe haven. the problem you have with the yen and japan, it is so reliant on china. guy: you think china is ok. looks ok, but there is massive amount of volatility. also perseveres in that and joint in that journey as well. of course, when you look at china, it is tied to the u.s. dollar again. wonder if it is really a yen dollar correlation. the reality is, the japan yen is

it is a good day and -- it is a good day for burberry after a report of a takeover bid. genie: you have the story of a band that decided to shun spotify in order to boost their album sales. stephen: it is a bit of a gamble for lesser established names, but the british band from 1975 went down that road. they sold their outcome on spotify for two weeks to boost sales. it was a risky move. 75 million users globally -- it seems to have fort for the 1975. -- it seems to have worked for the 1975. it will be interesting to see if other groups pick up on that same strategy or a stephen carroll, thank you for that look at business news. it is time now for the press review. catherine viette is with us. lots of focus today on the breakthrough draft deal between the e.u. and turkey for the migrant crisis. catherine: we are going to start with the turkish front pages of the papers there. a headline, "turkey's demands green light from the e.u.," and it shows the turkish prime minister shaking hands with the president of the eu parliament. of course, all smiles here. on the front page

scarlet: according to "the financial times" burberry announced to prepare for bid.on has been increasing while the shares are down more than 21% over the past year. alix: time now for the bloomberg quick take where we provide context and background on issues of interest. today's topic, iron ore prices. after faltering last year, there are signs that the market is coming back to life. the price on a dramatic decline over 2015. prices have seen a dramatic rebound recently on signals from china that it will support economic growth and a rally in field prices. iron or, of course, is used to make steel. goldman sachs and citigroup say the price will fall. for iron ore, it all goes back to china. the country consumes more than 20% of the iron ore exports. inminum shipments fell february, reflecting be overseas demand, increased frictions, and slowing domestic production. drop will help industries like autos, as well as construction. others say iron ore outputs should be tweake to match demandd in an oversupplied market. what happens now? a pact has been formed -- has been

fashion, there's always copying, but if you are .xclusive, you have a hedge francine: we spoke to burberryof these fashion houses are changing the way they showcase to avoid fast fashion catching up with them. will that put pressure on inditex and zara? reckon they will be fine. the other thing is, zara don't really advertise much. they use their stores to show the range they've got and they've got such a quick turnover in ranges. the stores are in such great locations. that should work for them for quite a while, going forward. you just need to get the whole online piece in do it. francine: so this is for zara and inditex. what about casino? they have huge spaces, huge costs, and they are not getting the strategy right. daniel: yes and no. if you look at the results, you have to kind of take into account that on -- that the exchange rates really worked against them in the last year. on a constant basis, sales are up, but there are problems in brazil. large markete to space in france is difficult to make work. good, casino is really with the whole online integration piece. they are the ret

that is after rallying all week, hading 22% before burberry become a takeover target.might be a slight correction. analysts had been long errors on the stock. long bearish on the stock. ithay pacific ceo saying will grow to capacity by 4% to 5% this year, but the company has been cut to hold at hsbc, losing 2.4%. .52%, --na up one 1.52%, the rebound in crude, not having massive layoffs amid lower oil prices. not rulen 1.4%, would out buying assets in media and telecom firms. this is how stocks traded this morning. we have these utilities feeling the pressure after a court ordered to nuclear reactors be shut down. 15%, theectric falling biggest plunge since 2013. tokyo electric falling more than 3%. leading the gains has been paper manufacturing, neap on paper up 6.5% after credit squeeze -- credit suisse increase the rating, after the rebound of group 5% in the previous session. let's take a look at oil, still up 2.5%. this is despite a ratings cut by ubs. we are taking a look at rio escue after that iron ore prices, after the record surge of 19%. rishaad: thank you. t

range of brands from old navy, super affordable up to true religion, patagonia, north face, we have burberry stuff for kids. >> reporter: you can find toys and baby equipment. babies like this big $130 brand new and we have them $39.99. babies don't wear them out. >> kids want basketball tennis shoes. they are extremely expensive in the store. they have them here. i saw a pair for $40. i am so excited. >> parents selling items can expect to make 30% of what revolve will sell it for. >> comparison to selling something on-line like facebook pages it is an easier avenue because you can come in. if they buy it, they buy it. if they don't it is in a bag ready to donate better than getting a few dollars on a facebook page. >> reporter: here at revolve kids you can expect to pay 50 to 75% off retail. when you are getting -- if you are selling getting a third, you won't get rich off this but clothes are making you more closet. >> reporter: live from lyndhurst jen picciano, cleveland 19 news. >> bloom artist and cafe open and in addition to pastries fresh squeezed juice and european coffee. it serves

lvmh, christine dior, hermes -- are very is the winner -- burberry is the winner with an increase of 14%. stay with us. ♪ alix: it is 1:00 p.m. in new york, 5:00 p.m. in london and 1:00 a.m. in hong kong. scarlet: welcome to "bloomberg markets." from bloomberg world had chris new yorkgoodfternoon. -- world headquarters in new york, good afternoon. fallinge british pound amid the brussels attacks, leading to more speculation that great britain will leave the eu. scarlet: porsche is showing off its newest luxury sports car. matt miller will talk to porsche's north american president and ceo. alix: professor gives avenue -- country'to

burberry, to find angela. charlie: to get dr. dre and jimmy.say that you are not that interested in headphones, and that you are more interested in the talent. which proves your point. it is the people to make a difference. tim: absolutely, it is people. apple is about people. charlie: and to get to people, you will still them? tim: i do not think of it as stealing. charlie: did steve still you from compaq? tim: compacted not only, he convinced me to join. [laughter] charlie: it is said that you have found some of the smartest people who understand cars, now. tim: i have read that. [laughter] charlie: that would be, if you are doing that, and there's every reason to believe you are, it would fit the pattern at apple. planning to go there, get the best people to take you there. and so, we read that you are hiring these people, we have to believe that you want to go there. tim: what we do, charlie, as he will look and explore a number of things. and then, a very small fraction of those, we advance. and so, i'm not going to comment on cars and our

finally one stock that has held it's gains through the session is burberry.sition that being aware that somebody operating is taking a 5% stake though maybe they sold that down slightly and not aware why they might have done that so they're asking questions of whether to potentially to take over given how poor the performance. and it's kind of lifted unusually some of the other luxury good manufacturers. if you can call ferrari a luxury goods manufacturer. apparently you can. back to you. >> you can. thanks. we're still only a couple of months out of 2016 but the ipo pipeline is still frozen as pressure on the markets scared off companies have going public with unicorns experiencing pressure maybe getting their horns sawed off. where should investors look next. the co-founder chairman and ceo. thanks for being with us this morning. >> thanks for having me. so kathleen smith from renaissance was just on talking about hope for 2016 yet. that we haven't seen an ipo drought like this in several years and usually when it is broken we see good gains for investors.

london shares of burberry are surging today.here is speculation it is setting up for a possible takeover. and mr. investor took a 5% stake. -- industry investor took a 5% stake. tracy: we are going to head over to our markets desk, where julie hyman has more on stocks trying to claw back some of their losses. julie: it looks like we are at the highs of the session again. the dow is down by three points. just wanted to mention that. we talked earlier about how the nasdaq is over performing today, not to mention the fact that the dow is over performing, but mid-caps also bear mention. they are to the downside, underperforming today, excuse me. down by 1.2%. want to point out some of the worst performers within cap -- within me cap. boston beer was one of them. it was downgraded on increasing competition. this is something boston beer talked about in his recent earnings report, off the declines in the cider business, and the depreciation rate may be worse than estimated. we are seeing a big pullback, as we talked about them in some

the problem with that is the burberry uses 30% of their revenue to the distributor and loses control over how the products are sold. >> those companies carry hundreds and hundreds of brands and the problem is we go from telling ourselves manziel one product and their salesman sale 200. breweries don't expect any changes to happen this year grade they target next year's long session in the general assembly and hope to spend the time in between educating the public. reporting in charlotte sam smith emily: more than 50 breweries across north carolina are involved in the project by the majority of them are here in charlotte. we have plenty more to come tonight on your news at six including a major honor for the queen city. coming up find out what new program charlotte has been inducted into make the city shine brighter. bank of america has been handing out pink slips left and right in recent months to workers around the globe and the employees are at home are no exception. more in the latest round of cuts and few could describe the irs is their favorite agency to deal with. that is unles

looks like the talks of a takeover bid for burberry was a false alarm.part of a series of trades by clients rather than a single investor building up a stake in burberry. world's largest clothing retailer reported its fastest profit growth in three years. says net income rose 15% last year boosted by online sales. american college endowments having a rough time of it. an average loss of 3.8% in the first six months of fiscal 2016. 2% during thatt time could indiana university had the biggest loss, more than 6%. have market induced fears of a global turndown been overblown? the president of the peterson institute, adam posen thinks so. adam joins us now from washington. thank you for being back with us. i'm really interested about this. you say there is a growing divergence between macroeconomics and what people tell us about macroeconomics. adam: there's huge distrust after the global financial crisis. this fuels the idea there is bad news that either the official sector is missing or is hiding. people are frustrated. of seeing low results and they do no

burberry is quite interesting down here at the bottom, down by 2.33%.y is surrounding a po the possibility of a takeover. we're seeing a little bit of reversal yesterday in terms of what we are seeing. economists are expecting the ecb to cut rates tomorrow and 73% of those surveyed expect more qe. ecb, let'scuss the bring in caroline hyde. caroline: seven years to the day since we started on this rally. one year to the day since the ecb started buying bonds. they bought $20 billion worth. german bonds have fared well, but stocks have not. i want to show you this chart. the ecb has been fighting a few stocks have; weathered the greek exit, china, volkswagen, all of this playing into this chart. quantitive easing from the ecb has not helped stocks in europe. you have got manufacturing at its weakest, consumer cost down, fighting inflation in negative territory. but if you think that equities should be getting a warm, fuzzy feeling ahead of the qe, you could probably be wrong. hans: and caroline, this is the --ocritippocratical question quantitive easing c

burberry shares fall by 9% in new york yesterday.er reporting that -- close to 5% and the company, tousing desk causing them seek help from financial advisors from any potential takeover. a former goldman sachs has been caught up in an investigation and immolation state. -- in a malaysian state. lates given a subpoena in february. [indiscernible] pimco says investors should move out of government securities and into the credit because the u.s. will avoid a recession. sovereign bonds and germany offering negative yields and equity valuation stretched. risk.oans offer a better the world's biggest iron ore -- it could issued see the brazilian company taking stake in the australian miner. chinese policymakers -- buttressed economic growth. that is your bloomberg business flash did anna? anna: he has laid out one of the ont detailed arguments downside risks on the out like -- i to several economic reports. -- outlook to several economic reports. sally fisher struck an onimistic tone and weight in the negative rate policy that we are seein

do the sponsors approach you and say, wow, we'd love to have a burberry thing with adele?he turned down a massive offer from apple music to be involved with their latest campaign. i don't think anyone thought she would commit to exclusively wearing burberry at all of her shows on this tour. that was a big deal. typically brands will approach us and ask us to help them with their music strategy. >> that's kind of cool she did that. she is -- i mean -- >> well, we didn't do the deal. >> i know. how old is she? >> i think she's 25. or 26. >> would you buy adele futures, santoli? >> they're probably very overpriced right now. >> probably overpriced but rightly so. what a career she has ahead of her. that's cool to be able to say, i'm not going to do apple. so what other things have you done? you did something for -- go over some of your accomplishments. >> we did the citi, rolling stones deal. worked on michael buble, delta. imagine dragons, southwest airlines. we did a big grammy party for neil seven. >> is it a lot easier to convince artists these days to do some of these pr

talk of a takeover bid for burberry was a false alarm.d that it held 5% of the company. all of this according to people familiar with the matter. that is your bloomberg business flash. tom? tom: thank you so much. she is in washington where she has looked at the oddity known as michigan. she is megan murphy, and she joins us now. let me cut to the chase. did mr. sanders when, or did the secretary of state lose? which is it? megan: it is definitely a win for bernie sanders. i do not know if you want to call it a loss for hillary clinton, but it shows weakness in her campaign that her campaign will not want to see heading into ohio and illinois. with whitess working-class voters. bernie sanders did shift away from the african-american vote in michigan. that is a demographic he needs to do better with. tom: how well does clinton campaign and adapt and adjust? 's mrs. clinton getting a huge turnout -- is mrs. clinton getting a huge turnout of her supporters or not? megan: if you look across the south, she has won with stunning margins. but th

sounds like an unlikely pairing, burberry owners are bringing the workout inside their workplace -- brewery owners are bringing the workout inside the workplace. >> the hypnotic sound of the gnome -- ohm and the clink of glasses, the 2 sounds fuse in the new fitness trend finding its way into breweries, yoga and beer. >>around the country, yogis are jumping up from a downward facing dog and hopping onto a bar stool. jesse morris owns the concrete beach buri and when would. -- brewery in winwood. he has his own unique take on why the 2 will work together. >>you would never think the 2 >>you get to come here, you get some spiritual fulfillment. you get medical -- metaphysical fulfillment . you get all of this fantastic, and then you get to do yoga for exercise. >>some i typically associate here with men and yoga with women. the beverage gets the male gender in the door and hopefully willing to take a class. >>we are going to on our beer calories tonight; okay? just kidding, don't worry. it will not be too crazy. >>his wife teaches the yoga classes. >>i know a lot of guys that would like to tr

blake a standout and ryan, the perfect arm candy in a burberry tux. good looking couple. >> and smart. >>> next, madonna and what people are calling one of her most bizarre concerts yet. she rode in on a tricycle and dressed as a clown. the show was called "tears of the clown," and mixed music and comedy. madonna discussed mer kus ed ed her custody battle for her 15-year-old and dedicated a song to him. fans had to wait four hours in the rain before entering the venue. they seemed happy when they left. >>> two of carson's friends from the "the voice." adam levine and his wife are expecting their first child together. congratulations to them. >> yay. personal and opening up to the "new york times" about her old and new loves. on her divorce from gavin rossdale, she said, if i could, i would tell you everything and you would be in shock. it's a really good, juicy story. but she refused to say more. we don't know what that all is. what about her romance with blake shelton? gwen calls him a co-worker and said, never would i ever have seen this coming. >>

shares of burberry surging today.eculation that they are setting up defenses against a possible takeover offer. it asked advisers to prepare for a bid after a mystery investor took a 5% stake. stephanie: as we have brought you all morning, we have a very strong lineup of gas in honor of international women's day. we face a strong possibility of our first female president in the united states. i asked melinda gates what impact that would have on our society of hillary clinton was elected. melinda: we want to see female role models at all levels of society. you want to see them in board rooms, and government, in nonprofit. , when you of the day are electing the next leader, you have to elect them based on your platform and what you believe in them. i've seen the prime minister of canada, he does amazing things for women right now. i see a prime minister like chancellor merkel doing fantastic things. you can be a man or a woman and be pro-female policies. said wee: john kasich had to get women out of their kitchens to he