which fell 4.8 percent about 16 percent of all of burberry sales are made in china which also is one of the fastest growing markets so that's big as well due to what we talked about there with the chinese new year now burberry is warning investors that the drop in chinese spending would have a big effect on revenues again the chinese government says they are going to get control of what is happening with the virus with quarantines on cities and can trolling travel but is that the right decision now we have the perfect guest to discuss just with more on this we're joined by chris martenson co-founder of peak prosperity chris thank you so much for joining us today and and i want to point out that chris has a ph d. in pathology from duke university with a specialty in neuro toxicology and so he's not just. understanding of the financial markets here but but incredibly knowledgeable about what's happening here so chris let's start with the numbers you have been challenged data coming out of china the chinese are saying just about just over 2800 confirmed cases but you believe those numbe

despite attempts to rebrand burberry, it's worth noting shares of burberry underperformed its peers inury space for over one year and daimler is warning its 2019 profits would be negatively impacted by the litigation cost of diesel admission scandal. this is the third profit warning in less than nine months and chrysler cfo giving an update with peugeot, telling us the automakers hope to have a deal sealed within a year or so. back to you. >> thank you very much >>> let's get an update as well with sue herera. >> good morning, carl and good morning everyone here's what's happening this hour the united nations calling for an immediate investigation by the u.s. into information they received which suggests u.s. billionaire jeb bezos' phone was hacked perhaps using a whatsapp account belonging to saudi prince mohammad bin salman to influence reporting on the kingdom by bezos' "the washington post. >>> opening statements beginning in the harvey weinstein trial. the prosecution plans to show weinstein has a pat area of committing sexual assaults defense attorneys intend to argue weinstein w

since march 29th the base of vision included brant such as burberry and prada and nike as well as sarah and. to date instagram shopping is available in $77.00 countries products with a price tag if the user clicks to buy products and browse that opens which closes up to the purchase is completed so that the user is back on the stream. for instagram the goal is clear the more time you use a spend on the platform the more detail they use the profiles meaning personalized ads can be sold at a higher price for users is mainly about the convenience of browsing and shopping online without having to change platform but fashion conscious people can be pressured by instagram and if you're buying and you look at every 2 weeks you're not only hurting your wallet but also the environment some brands are offering green options the norwegian label collings launched an entirely virtual collection which means customers can get a picture of themselves in a perfectly tailored outfit without the outfit having to be made to them instagram and saves resources what you spend. money on a virtual jacket and wh

mark zuckerberg will be in brussels and burberry explaining himself to regulators, the scrutiny is nottal services tax could be kicking in in the uk in april, france in negotiations with the united states on this but that could hit facebook looking ahead, couldn't it? on this but that could hit facebook looking ahead, couldn't mm could, it will be an interesting test of how facebook under the giants who don't want to see this come into force cannot be against that and how they might arrange sales set up, operations in different countries to try and potentially get around the tax. interesting question. thank you very much. let's take a look at some of the other stories making the news google is temporarily closing all of its offices in china, hong kong, and taiwan as a result of the coronavirus. other tech giants, including amazon and microsoft, have also taken action to protect staff from infection. this week global corporations have been shutting operations in china and advising overseas staff not to visit the country. tesla shares have surged to a new record high after the electric c

once we get to the point of the ballot towards the end of burberry, they will be going round the countryseries of hustings —— towards the end of february. this is ina straight towards the end of february. this is in a straight who gets the most votes, this is a voting system where you rank your preferences, so it's important that you don't just get voted for first, but you get second and third as well. again, it is really unpredictable. one of the biggest sellers of train tickets in britain is the latest to offer its customers what's called split ticketing. the trainline says using this method, rail travellers could between them save more than 300 million pounds this year. split ticketing is when travellers buy multiple tickets for a journey instead of a single end to end ticket. it can be used to lower the overall cost, sometimes by more than half the originaljourney cost. with split ticketing, your tickets must cover the whole journey and the train must stop at every station where your tickets are split but you don't have to get off. the rail industry is calling for tickets to be simpl

burberry being affected by the situation in hong kong. we continue to see the luxury sector. the coronavirus situation being something the market is wary of. daimler trading down one point -- 2%. is interesting you bring up the 25% auto tariffs. it would be a huge salvo if that were to happen. that has never been done before with regards to europe. it would be massive. nevertheless, the threat is out there. in the u.s., let's look at earnings and the receding threat of the coronavirus. the s&p 500 up .25%. off the highs of the day. the 10 year yield at 1.77. not a huge amount of movement. sterling is interesting. i know you saw this earlier on. it is stronger .7%. bloomberg news makes the point it is trading off the back of economic data, which is surprising given that it has been brexit data. optimism is higher, so that has the pound stronger. crude just got above $57 a barrel. that's move into the s&p 500 and have a look at those companies that are reporting earnings. there are about 142 of them that have been doing that. .bm had a good quarter red hat paying off, debt bein

hermes and burberry clinging onto advances. a quick check of the markets in asia., it is the sixth session of losses for the msci asia index, and particular in taiwan significant pressure. as stocks in taipei resume trade following the lunar new year. they are playing catch-up to that losing streak we have seen across other asian equity markets. samsung not helping out. the kospi with his earnings weighing down the coffee by 1.3%. you've got money going into safe havens. the nikkei is down to 1.8%. hong kong is about to go on their lunch break. off by 1.8%. some significant selling coming through and property players. an index of property stocks in hong kong could get the lows we saw at the height of the process. seeling crust asian markets -- more selling arrest asian markets today. kathleen: coming up we have a great lines of ceo's you will not want to miss. this is bloomberg. ♪ when it comes to using data, everyone is different. which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data,

change you at will little bit from burberry. stay with us.ld bank has trimmed to growth outlook for china in the your area. we will talk about the outlook for the global economy next. in the meantime, markets are up on the back of the relief rally we saw yesterday. europe up. this is bloomberg. ♪ ♪ "surveillance," a lift tothe markets -- a the markets. here is viviana hurtado viviana: house democrats are heading for a symbolic showdown on iran with donald trump. lawmakers will vote on resolution to limit his military option. the president could act in response to an imminent threat. nancy is being pressured by democrats to end the standoff over impeachment, several saying she should send the articles of each meant to the it has become increasingly clear there is no chance of her winning concessions from mitch mcconnell. the u.k. and european union each setting out redlines for a post brexit trade deal. they had their first face-to-face meeting. mr. johnson said the u.k. will not extend the transition beyond the year and ursula von der leyen s

burberry down three-putt 5%. even last week, we saw it hit the luxury market.e market for the luxury space. now we have that restricting travel, many staying home. luxury is one that's biting. lufthansa down 4%. all the airlines, a lot of exposure to asia are really taking a hit. many decide they are not going to travel. china restricts a lot of travel. matt, anna? matt: annmarie hordern with a look at some of your movers. turning now to her home country, and away, italy -- in a way, italy. salvini had hoped taking romagna would deal a fatal blow to the primitive stir sophia contact dexter seppi can't take, -- giuseppe conte. james is still with us. someone was telling is earlier people might get used to political volatility in italy. i would say that's already happened. here we have the opposite and away. it looks like they are going to stick with something. does it make a difference with the way you invest? james: yeah, i don't recall a period where we had much stability in italy, to be honest, and that goes back further than my own memory. it wasn't too far

burberry, lvmh, louis vuitton, all down about 4.5% today. these companies have one thing in common, that generally speaking, china is their second largest market. stuart: we are coming back a little bit. down 380 now. ashley: interesting, watching the ebb and flow of this market. gold was up 12 bucks, now only up six bucks. the ten-year went down to 1.61, now back up to 1.62. we were down 500 points, now we are down 386. money coming in and out. interesting to watch the flow. stuart: it could be that some people are buying. ashley: that's what it feels like. stuart: brave souls who catch the falling knife and think they've got a bargain. >> or you have people who saw the futures fall, that sold at the open and see the selloff is not that bad so they decide to get in and ride some upward momentum. like you said, the 11:30 call is crucial. stuart: i'm determined to be positive and i found some stocks that are going up. for example, meridian bioscience. lauren at the new york stock exchange, they are developing a test for the virus? lauren: yep

burberry just reported the other day. it's waiting to be seen what the overall impact is. >> which companies are most exposed to the region? >> it's swatch that's the most exposed on a global luxury basis. companies like nike, that was around 20% of their sales come from china. >> what's the lesson from the previous issues like sars? i guess china is a much bigger percentage of sales. that said, as you mentioned, online shopping is a much bigger part of the pie as well. >> when you think about last time in the three-month time period, you have had some of the luxury goods name in particular down in the mid teens. if it can show it's under control, can we have not as big of damage, but that's what's unfortunate in how disruptive it is, because it's a significant part of consumer spending. >> dan, do you think it will put off demand are they still going to buy it and put it off aren't they can be out shopping after you've been quarantined for a week or, however long it lasts, then isn't there a big rush to catch up >> peopl

we saw luxury -- burberry done 5%. we saw luxury take a hit.fears of the coronavirus spreading, there will be less people out there spending. of down more than 5%, a lot exposure to asia, similar to air france and also similar to lufthansa, all these airlines down as china is stopping a lot of travel between a number of cities. more people just want to stay the, given the fact that coronavirus is spreading. francine: annmarie hordern with some of your biggest stock movers. let's get straight to the bloomberg first word news in new york city with viviana hurtado. hi, francine. we begin with a deadly coronavirus, at least 80 people have died. beijing has as extended the lunar new year holiday. cases are reported in 15 other countries. president xi jinping is pushing local officials to strengthen prevention and containment. israel is allowing its citizens limited travel to saudi arabia. israelis have been prohibited from visiting the kingdom. the announcement coming ahead of the nation's you eat -- middle east peace plan. there are no airline flig

reliance retail owns grocery stores in india, runs outlets for global brands, including hugo boss and burberrylater this month to bring an end to the 17—month long trade war between the us and china. we have said this before. there is a degree of optimism about this. let's find out what is behind that optimism from simon french. good to see you. this optimism about the trader, as simon observes, we have been here before, what makes this time different? this is at the end of the story but the new term optics are positive for investors. there is are positive for investors. there is a commitment from the us administration to sign the phase one trade deal regarding not rolling forward existing tariffs and indeed the increase that was expected, and for investors in mining stocks and stocks that are sensitive to global growth, taking that this tie will see a pause. may will be a signal for what we see the rest of 2020 as we run into that pivotal us presidential election in november, that donald trump may be less hawkish on trade. meanwhile we have this study from the british chambers of commerce, we