carlsberg, that stock under pressure today.around 4% after the company said it no longer expects to see an increase in full-year profits. russia is very much at the center of things. russia and ukraine. they are losing market share in russia. how are they changing the russian business? what do they have to say about the sanctions environment that europe find itself in? we will talk all of that with the ceo of carlsberg. that is coming up on "the pulse ." >> anna will be hosting "the pulse" in about 10 minutes time. steve ballmer has resigned from microsoft's board. marks the end of a career at the world's largest software maker that lasted more than three decades. remains microsoft's top individual shareholder. apple stock closed at an all-time high in u.s. trading yesterday. shares rose past $100 as investors looked ahead to new products such as iphones with bigger screens and a wristwatch. analysts are forecasting record sales for the next batch of iphones. carlsberg cut its full-year earnings down, looking at mounting diffic

ceo of carlsberg.ill bring you and his collusive interview with heineken's chief advertising officer. ♪ >> welcome back. the sharpest minds in economics are gathering today in germany. jonathan ferro joins us with another guest. >> i bring you a very special guest. a different perspective on the unemployment situation in the united states. there seems to be an obsession with wage growth, or the lack of wage growth right now. maker,k at a decision are people just more willing to accept the job in wagers are not an issue for them right now? start,less secure job the less people are prepared to press for high wages. there has been a wages spewed in wage tropolitan opera -- dispute in the metropolitan opera. >> are we expecting something of a turnaround? the federal reserve hoping to be -- they are pinning monetary policy on that hope. happening -- happy to have a job, the employee will not be pushing to have higher wages anyway. when unemployment is high, the wage pressure is not there. i am not a macroec

carlsberg cuts its forecast. heineken numbers up next. m >> the bank of england releases its latest -- of when the bank will make a move. waiting to see on the bid for the company which values it at more than 2 billion pounds. welcome to "countdown." i am mark barton. >> i am manus cranny. we are waiting for the numbers. >> with bated breath. >> you have the carlsberg numbers. when heineken comes down we can go to that. carlsberg has cut its full-year profit outlook. the earlier forecast was for adjusted net income to rise by low single-digit percentages third what they said is adjusted net income won't fall by mid-to high single digit percentage. what we care some much about carlsberg, not only because it is the world's fourth biggest brewer, russia is its biggest market. what it says about russia is fascinating. market volume in russia down by 6%-7% in the first half. its market share has fallen sees8 basis points and it the russian beer market down by a high single-digit percentage. its earlier forecast was a mid-single-digit drop. rev

carlsberg is having a tough time at the moment. they've warned back in may and now they've warned again. 2014 profits will be hit by slower sales in its key russian markets. the danish brewer announced a fall in operating profit and says it may shed some breweries in eastern europe. heineken, they've reported a better than expected operating profit in fact fist half of the year. they cited progress with their cost savings program. this is the world's third largest brewer and it's not immune from the headwinds in russia that grew, volumes increased in all regions sclusing central and eastern europe. >>> do you have sunglasses? check out who makes them. there's a high chance that lux ott ka makes your sunglasses. >>> apple shares closed at a record high. are tech stocks ripe for the picking? we'll have one of the analyst's top buyers, coming up. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase. like 50,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. an

how much will that spread over two names like carlsberg? there is a big scandal in germany maybe two months ago that the margins are so tight on beer with big brewers, it's hard to hit a profit. what you had in germany is a bit of a cartel. basic ingredients of beer are pretty easy. yeast do theet the work and ferment it but other than that, you're basically looking at a pretty simple process that can be scaled. whenever you can scale, you have tight margins. >> hans nichols, the only man to talk to you when it comes to fermentation. thanks very much. >> craft beer is very expensive. coming up next, paul ryan is out with a new book and he is here to talk to us about it. >> remember the barnes & noble note? samsung is building a special version of it which has many of us asking why? ♪ >> congressman paul ryan is one of the most powerful members of the republican party, known for his run as vice president in 2012 and his plan in congress to slash spending on social welfare programs. but he has also turned to fighting poverty into. one of his

out that legendary russian brand of baltic a has actually been completely bought out by foreign carlsberg so unfortunately our investment does not count because it's no longer trading had made a little bit of an error we have to get rid of ball to crazy sadly sadly one of my favorite products on the wheel and we replace it with something that's very russian and both good ways and a couple bad ways. makes me question did you have too much beer before you put on the whale no no but when you look at the picture and you see that big frosty mug you think wow that is definitely refreshing wife and i have been trying to cut back a little bit on the beer or maybe the audience has noticed the smore slightly slender physique but who saw him told of a man and i carry out a q well anyways let's see what we get on the wheel to invest in this week and hopefully it will be a country a company that is at least mostly or partially russian so yes it's that which i think. i'm not going to be too hard on you because you still make money that's the problem it's difficult to criticise you all are you just sort

time for a brief look at company carlsberg.go to carlsberg war and its yearly profits would likely declines well. heineken reported strong growth in russia for the first half of the year. citigroup is considering pulling out of retail banking in japan and refocusing its commercial and investment banking operations. considered a possible buyout. sinking interest rates have made it difficult to compete with established a mistake layers. hsbc and standard chartered have pulled out. earnings that were higher with double-digit growth. the lack of new models in the u.s. has seen sales fall to roughly half of what they were a decade ago. follow aims to double global sales to 800,000 by the year 2020. speaking of china's car market, a total of 12 japanese auto parts suppliers have been find charges of due to race fixing scandal. -- a price-fixing scandal. the companies were found to have colluded to reduce competition. >> our anti-monopoly investigation into such moves is aimed through a store -- to restore competition that is post to exist in the market and this particular interests of auto manuf

you saw carlsberg last week getting hammered. the russian situation, even though it is only the third biggest trading partner, it is weighing on people's conscious. off scenario, you could have more calls for more stimulus. that is a big if. we don't want to point stimulus into the government's mouth. clearly there is some entrenched opposition to the idea of spending more to get out of this. >> thank you very much, hans nichols reporting from berlin. let's move on. air disasters, malaysia air is said to be considering a complete overhaul. the company is reportedly considering thousands of job cuts and looking for a new ceo. david ingles has the details from hong kong. we knew that the government and the sovereign wealth funds were considering a big rebound. what is new this morning? -- thiswe know so far is based on people familiar with the matter, just for things. they are revisiting orders for new aircraft. they are looking at perhaps cutting down. we could see a lot of job cuts. just to put some context, 19.5 thousand, more o

. >> carlsberg, the eastern european sales are down over 20 percent.. charles: they do a lot of business in russia. >> exactly. charles: el alcohol and rushes you are in trouble. >> last time it was for. now or at 12. i think you can't blow up the sanction things. exxon, they just got hit. bp, exxon, having a tough time. i think again it comes back to the oil market. it will tell you when. charles: rhino. >> go to the beach. this is a nonissue. >> this guy is crazy. there's a limit to how far have go. all right. last week we found out that the government was getting a majority of their historic $17 billion from bank of america by the way, a majority of all of those settlements. the settlements were for a struggling homeowners that were hurt by the shady mortgages that led up to the financial crisis. now we know what the obama administration is doing with some of that money. they're giving it to their favorite liberal groups. let me name some of them. operation hope, nationals to finesse the community reinvestment coalition and resources corporation of

carlsberg, big bear giant, russia, second warning. largest brand in russia called belltic amplt.ck down 5%. heineken a great set of results in contrast. another beer player. in uk, building. karyian, finally an offer to y buy, rejected. the whole deal is off. not going to get together and cra created largest building in the uk housing market. many other builders, guys, have also fallon. back to you. >> quite a red chart there, simon. thanks. >>> get ready to watch the latest episode of "scandal via snapchat." expanding into content. the app to look to add tv and movie clips news articles and advertisements, called snapchat discovery set to debut in november. one media company is in talks to be a partner with snapchat. daily mails website mail online. of course, if you watch the show you know our contributor jon steinberg is the ceo. the company had no comment. snapchat, no comment as well. could be an interesting move for a start-up looking to build revenue. >>> when we come back, a itch maer milestone for music app shazam. the ceo of shazam joins us in a cnbc exclusive to explai