hangovercome, russia's in carlsberg, the brewer lowering its guidance. are you a carlsberg fan?i'm on twitter, @markbartontv. russia exposure concern you? it is concerning investors, shares down 7% in carlsberg today. what is your think of choice? ♪ mark: this is "on the move." let's get to some of bloomberg's top stories. glencore's profit tumbles 66% as the ongoing commodity route. they also announced a dividend of six cents a share and cut it or your forecast for trading profit. the central bank of vietnam is devaluing currency for the first time this year. a week and the reference rates by 1%. the bank cited the devaluation concern aboutd the impact of a possible u.s. federal reserve rate hike. german and dutch lawmakers vote today on an 86 billion euro bailout program for greece. spain, austria, and estonia are all part of the deal. it comes a day ahead of a day ahead of the 2.2 billion euro greece payment due to the ecb. the german bundestag is debating the deal as we speak. carlsberg falls flat, the brewer missing expectations. it expects profit this year to drop as weste

when people are optimistic about russia they buy carlsberg -- ruble is getting slammed and carlsberglunges. alix: but carlsberg is not even a russian company. joe: but they have a lot of russian customers and charts move together so nicely. alix: the fda has approved the first prescription drug aimed at boosting sexual desire in women. it will come with a number of warnings. doctors will not be ball to -- not be able to prescribe it until they have taken an online certification program. they will have to tell patients about the risks which include nausea and dizziness. and some says it will cover the bill. joe: the hackers who stole data from ashley madison are naming names online. wired magazine says the posting includes user identities, addresses, phone numbers and payment information. the hackers say they want the company to shut down ashley madison and the related site. alix: a longtime pitchman for the subway sandwich chain is heading to prison. he will admit to having sex with minors and receiving child pornography and also pay 14 victims $100,000 each in restitution. prosecuto

carlsberg. the shares of carlsberg have been trading in tandem with the ruvell since january -- ruble since january. francine: when you look at the share price, they track russian gdp and they track the price of oil. ruble hass what the been doing. is it that carlsberg is struggling to beer? it they are not selling enough compared to last year? tom: the economic turmoil has been impacted by lower oil prices. also, they have raised the excise cuty. -- duty. the's made operations in country difficult for all the major brewers. carlsberg is more exposed to russia than the others. francine: major challenge for big brewers in general. that would lead to more m&a. assume sonk you would but traditionally we would have seen some of the major brewers consolidate as they have done in the past two years, maybe the angle is more skewed towards acquisitions in the craft industry. they have been aggressive in the u.s. we've seen them enter into the u.k. and carlsberg would do well to see that upside if they w

coming up, carlsberg downright -- downgrades.bly not the best set of numbers. ♪ caroline: will come back to "countdown." here are some of the top stories. guy: the central bank of vietnam value.reased the dong we will get minutes later on. the human costs of the devastating explosions in tianjin has risen to 114 debts, and more than 70 are still missing. the economic cost could reach $1.5 billion. chinese insurance companies are expected to take most of the costs. the port remains closed for the most part. linking up with investment presence, airbnb wants to woo china. fastest-growing group in china. caroline: let's stick with emerging market and corporate elements. carlsberg earlier in the hour, missed estimates. thomas buckley joins us for more. it has been a struggle. we knew russia would be difficult. the beer market is down 9%. does that underlie these figures? dealingcarlsberg is now with backing up from strong performance is time last year on the back of the world cup, and better weather than last year. it is interesting,

joe: it looks like the price of oil and carlsberg, so fascinating.ot consumed by the barrel. olivia: jonathan, your take on the russian market? not sure i have a take on the russian market, but i do think that we are seeing the impact of lawyer oil -- of lower oil, the whole chinese discussion on the view of the emerging markets and global growth. it is a really big deal and you are starting to see it kind of reverberate through the system. we want to get that process going and i think that will be a good thing that moves forward. i know the nonconsent is -- hear that weeds to can go from zero interest rate to 25 basis points and we are not so fragile we cannot handle it. olivia: that we will not the recovery off. jonathan: if we knock the recovery off by going from zero to 25, we have a problem and we do not. we have not had an i am -- and ifn below 60 in like something like 50 years. we are ready to move up to zero and i hope this chapter does not derail, frankly, a bit more optimism we are entitled to. olivia: unfortunately, we will not hear the c

. >> carlsberg goes flat. the shares dropping to the bottom of the ftse 600. >> the ftse at a low. glencore with a quarterly loss but beats low bar expectations. >>> hi, everyone, i'm seema mody. coming up, guess which stock is up over 1,500% from the ipo price. here's a clue, the company went public 11 years ago. infidelity confidentiality. and a fire nado whips through shooting flames up to 100 feet in the air. >>> german lawmakers prepare to cast their vote on a greek package presented on friday. this after 60 lawmakers in the conservative block voted against or sustained in a test vote. that's according to reuters. >> fitch upgraded greek debt one notch. they say risk to the deal's success remain high. i suppose all eyes on the german vote. it's the key one in terms of significance although other votes still take place around europe as well and, in fact, the dutch one most likely to be that way. >> people said this is going to be a test for angela merkel's conservative blog. it's not. this vote is going to go through. it could be a little bit hairy if we're seeing more than 60

turning to some of the day's business headlines -- carlsberg lowered its four-year earnings forecast as profits dipped below 28%. was had by slow sales in russia and ukraine. u.s. retail chain target has agreed to reimburse $67 million from profits incurred in a massive data breach in 2013. it is working on a similar deal with mastercard. had 40 million customers personal information and credit and debit card details compromised and explode -- and exposed to activity. more information from an infidelity website was released online. ashley madison was targeted. e-mail addresses and credit card details are being published. hackers said they wanted the site to be taken down on grounds of depravity. it is a summer statement -- a summer staple in fashion wardrobes, but the expert drill is also a key driver of the economy. espadrilles is a key driver of the economy. they have been awarded geographical limitation status. >> the qualities which make the espadrilles and is -- an indispensable accessory for the summer. it is continuing to resist the fourth of globalization by returning to its

carlsberg. has a new ceo and he's issued another profit warning, so carlsberg is down over 9%.ncore x strata, i know that bob mentioned it at the top of the hour, a big mining giant. saying that in the profit warning they have issued, the trading orangeses will not make up for the losses in diversity mining. i want to point out because of the sheer value destruction. the stock has more than halved over the last year. it's worth $36 billion. so that's the equivalent that it's actually lost during that period of time. a lot of those basic materials stocks are down again today because of china. important to point out what's happening in europe in contrast to this market this is how we've traded in europe here, compared to the s&p here. over the last two weeks. and you'll see now that europe is down over 5%. a lot of people that have gone into europe as the place to be for 2015, are finding that the fact that it is so internationally exposed, this isn't about greece any more, this is about emerging markets and currencies means they're suffering greater losses. in the meantime, the

shares in carlsberg had their worst day in four years, ending $.90 lower. the danish rumor slashes earnings forecast. the new chief executive cited challenging market conditions, especially in eastern europe. beer sales in ukraine and russia were down during the second quarter. to profits dropped by 28% 213 million euros. the world's biggest sovereign wealth fund filed its first loss in three years. the value of investments dropped by 73 billion norwegian kroner or nearly eight in euros. the fund is run by norway's central bank and it's where the scandinavian company puts its profits from the oil sector. the overall value of the fund is still worth 790 billion euros. france -- last year french vineyards squeezed out 4.7 alien 4.7 billionine -- liters of wine. there are hopes 2015 will be another stellar year for the french wine industry. the fledgling great harvest is promising. in the southeast of france, the grapes are cut by hand to earn the stamp of approval. but they are three days ahead of schedule thanks to a perfect combination of a hot summer follo

carlsberg 9% lower today. ,t issued a profit warning blaming plunging volume in russia.econd-biggest lender in eastern europe, second-order profit growing better than expected. pimm: thank you very much. coming up here on the bloomberg market day, bank of america failed the stress test back in march. the chief executive come his stress test is not over yet. ,he internal revenue service the homeland security and national parks all joined pizza parlors, beauty salons another services, they will all be reviewed on yelp. how the federal government believes feedback will help you -- help giving customer satisfaction. u.s. regulators have approved the first pill designed to treat low libido levels in women. the fda finally said yes to the drug. after rejecting it more than two years ago. the drug is designed to treat hypoactive sexual desire disorder which affects 2 million women. the pill could be available to patients as soon as mid-october. let's start off with what exactly is the drug designed to do. >> it addresses a condition that is generalized hypoactive sexual desire

goesand as go the ruble so carlsberg. alix: but we are forced to begin with stocks.f earlier in the day. we did see the dow claw its way back into neutral territory, eating back 115 points and then could not hold it and we and lower. joe: it's