ryan chilcote from kiev, david tweed from berlin and caroline hyde joining me.tart with currencies. >> yen stronger, frank stronger, risk aversion, the only play two watches dollar-ruble. russian currency record lows .ven after the hike rates no move from the russian central bank for 18 months, and they put the rates up the most since 1990. the dollar stronger. the ruble getting weaker. the central bank is fighting a strong tie. flight a big story this morning. caroline, walk us through the european reaction. >> european companies most exposed to rush are the worst performers. nokia, and then a tiremaker like it's a third of its sales from russia -- gets a third of its sales from russia. every industry group getting hit and the deterioration continues. >> we will continue to track of the rest of the day. let's turn our attention to what is happening on the ground in kiev. ryan chilcott is there. >> i will watch out for the imf delegation scheduled to come tomorrow. i will also be watching for john kerry, he is set to arrive this evening. and what is the russian

let's go to caroline hyde. she is in a 9 million pounds luxury apartment. lland park neighborhood. caroline? >> mark, i have moved upstairs. 9 million pounds. no expense spared. 3-d cinema. saunas. tailored for the russians. security, it is second to none. video surveillance in every room. everything can be done with a touch of a button. check this out. we can move to the bathroom. behind me. specifications we are seeing throughout this particular apartment. many are faring when any of the money start to trust out of the property? russians are the second big as a buyer of luxury homes in the u.k. would they start to pull out if assets are frozen? not really because many are seeing more demand from russian. the turbulence mean they want a safe haven and that is here. luxury u.k. market property. it is here in london. 2-3 people have viewed this apartment. it has only been on show for a month. >> what does that big gold chalice? what is it? >> [laughter] i was asking the very same thing. put my beads or glorious diamonds or chocolate truffles or caviar would f

dynamic.an interesting thank you, caroline hyde. >> breaking news this hour. world's oldest bank, the foundation will be selling 6.5% -- what do we know about this? was it anticipated? wasn't the breaking news this morning. the deal is subject to regulatory approval. up as muchhave shot as 10% in trading this morning on the news. are also watching barclays. is been 19 months since anthony jenkins took the reins at barclays. some investors are quite disappointed. , the target that he said, particularly on profitability and cost cutting compensation in particular seem to be getting more distant instead of closer. hence, investors are telling us what they want to see is more detail, more information as to when he is going to be able to turn around and deliver those returns. what they're saying is look at the industry. a lot of banks of had to reconsider their model because of the demands on business. see're saying we want to how this can be achieved at barclays and which business area may no longer be core to the bank. leeza martino see, chief european financial

caroline hyde is watching altice . ryan chilcote is looking ahead to the talks this week. is looking at the business stories related to any sanctions against russia. the ban against bp has been in place since the spill at the gulf in 2010. >> an exclusive interview with the ceo of the company behind the vision effects for the hit film gravity. oscar-winner william sergeant will join us later on. earnings withd our reporter caroline hyde. >> remember, this is a telecom giant, really. holding company that owns assets across the board in europe. and have assets in israel the caribbean. they only sold shares back in january. they are at about 3.2 billion euros. that has seenany their earnings start to climb. their profitability was up some six percent. many analysts have been liking this stock. credit suisse have been saying they have really managed to show an ongoing performance in terms of margins. they can take assets they buy up and improve them. the question is, will they be able to do that to assess our? war,ey are in a bidding aren't they? >> they are. more.ernment like

caroline hyde talked to blackberry ceo, john chen. he talks about the messaging service. line began by asking about privacy in the wake of the nsa revelation. >> i think a lot of people might care less about security but they really care about the data privacy and personal privacy. that point has not really been made well enough in the markets. and -- and i, i am a big deender of that. when i talk about the importance of blackberry, the collaboration and communication. i never he really focus on one thing we do well which is privacy. >> what about the focus of messaging, $19 billion? does it make you reassess? >> running a public company, anything to help our shareholders, i have to take a serious look. today, i think we need to build up the base and in the model. we have a very good base, about $85 million. engagement time is quite good. usually about 40 minutes. that is a very big engagement time. usually, our $85 million, the people who are on it for activity, that was a good thing. we need to build it up and introduce or more of our features. today, we tell about enter

. >> caroline hyde has the details of the potential vodafone deal. >> let's start with our top story. crimean's have voted to secede from ukraine and join russia. that is according to early results of yesterday's referendum. western governments announce the vote as a legal. european union foreign ministers gather in two hours to discuss sanctions against russia. brian is in brussels. -- ryan is in brussels. >> they will be whittling down the list of dozens of members of russia's elite that it intends to subject to put these restrictions -- visa restrictions. punish kremlin officials and members of russia's elite who politically played a role in the russian incursion in crimea. dissuadeis to president putin from annexing crimea. goal is to discourage president putin from going further into the ukrainian mainland. include theuld also heads of two state-controlled companies. producer's largest gas and the ceo of the world's largest oil producer by output. we do not know if that will be the case. we have heard from a lot of the eu officials saying there is a desire to do this step-by-step

is our european business correspondent caroline hyde. carolyn, and of an era.hey have been rising in rising the sails. is the first time in nine years that they are falling. years excellent, 37, not so good. a terrible, terribly unseasonable wet weather. the market is also growing slower. since 2005.growth admitting that the outlook is challenging. what many investors did is the sound of a price war. ceo was in line with that. to competeds aggressively with pricing. match the price with a coupon. it looks like the competition is really on. not mention all the the little discounter. >> basically, people want something for the money. isjustin king, the king exiting the building. he will leave in july after a decade since he has been at sainsbury. up underlying profits or tripling them. the new designate might is going to have a lot to taper from. enew designate mike coup is going to have a lot to taper from. what about the convenience expansion. that is an area they are starting to win in. locals in smaller shops are starting to add to profitability. shares up by

back to you. >> caroline hyde is here with the latest and here is what else is on the radar today. a mobile unit in the near-term because the regulatory hurdles and they are thatto alternatives and remains the preferred option. george telecom cut their cash flow. minister tookime israel.to talk about he spoke with bloomberg tv. to get all the venture capitalists and investors to come to israel and seeing how entrepreneurs and technologies to corporate with them. >> henry kissinger is criticizing the russian resident and his actions in the ukraine. he spoke to charlie rose. they are no longer in a position to threaten all of their neighboring countries. conducting an apology in which use assertive and defensive at the same time. >> you can watch the interview on charlie rose on bloomberg. up next, we will continue the conversation about the ukraine. market research said they reacted nervously to the conflict and we will discuss that with the mobile economist next. >> gathering for a meeting on the ukraine as we speak. speaking to the chief global economist. thank you for sticking ar

caroline hyde has been digging into what airbnb is really worth.st of all, tell us a little bit about the business model. >> this has read like wildfire. it is six years old and they are in 34,000 cities. almost 200 countries. you can hire an apartment, you can rent just a room, just a sofa to stay on. they take a little chunk of money from those that are putting those rooms on the website and those that rent the premises. they get about nine percent to 15% of the rent you are paying. it is all about the sharing economy. it has not really entered much of our consciousness in the u.k. they are on a marketing push. city,spreads from city to the value goes up and up. $2.5 billion is how much it was worth a year ago. now, $10 billion. phenomenal. it is getting people very excited. >> as alix friedman was saying, everybody around us says, why have i not started a tech company? tell us about the background. >> when you look at the people who backed this company from the start, early investors are the likes of sequoia. they backed whatsapp as well. also,

minutes. ♪ >>now, for a look at what we're watching for the rest of the day, we are joined by caroline hydean chilcote in brussels. let's kick it off with you, caroline. new developments in the search or do we? a lead is all we have to go on, but we understand the australian maritime safety organizations said they located debris up to 24 meters long. are they part of flight 370? we had a tweet coming from the maritime safety authority of australia saying so far of the planes, the raf p3 crew have not been able to find it. the visibility is that. needle in a haystack. look at the distance. you could get any more bleak and an isolatedwn in area, but it is something to go on. they have two ships and four planes scouring that area. but we heard from the news conference that in general, we have 80 ships, 29 aircraft doing their utmost to work out if this is a lead. we should find out at some point today. >> ryan, let's talk to. we are awaiting eu leaders meeting in brussels discussing the further response to russia's crimea actions. >> that's right. . i'm on sanctions watch. dinner ends at 10:00

caroline hyde has more.pound luxury apartment in london's holland park neighborhood. caroline, it sounds nice. it is nice. let's run through what almost 9 million pounds will buy you. three floors, four bedroom plus a made's room. views over holland park. marble in every bathroom, a sauna, a 3-d cinema room pretty lavish. security. focus on they have video security in every single way home. that is targeted at the russian buyer. we were talking to the owner just now who bought this place off of a malaysian princess, renovated it and added the bling. wants the russians to come in. they have had 12 viewings of this property in a month, three of those buyers have been russian speaking. this is where the trend remains. russia is the second-biggest purchaser of u.k. property, of london prime real estate property. about thebeen worried introduction of sanctions and visa bans, money still flowing. the agents here are still seeing speakers.russian amid volatility, this is a haven. russians tend to buy? central londo

let's talk to caroline hyde about some of the european exposure. energy is a big focus for us here as political tensions rise. who else is in play in terms of european equities? >> looking at the stoxx 600, we are up by more of one percent. let's look at the companies most exposed to russia. this gets almost 40% of its sales from russia. the stock is down the most in a year and a half. is a tire company. this is fantastic research done by morgan stanley for us. what we are seeing here is that no one industry group, it is a across-the-board. you have got consumer retail, -- adidas.d us it is thinking the most in more than a year. the reason? its exposure to russia. here is where the biggest effect is. try to get to grips with where is their exposure. interest rates hikes in russia. to be spending less on your foreign products. having a weaker currency, and not to mention political influence. it is those in europe that have large exposure to russia. >> thank you for that, caroline hyde. we're are going to get our final round up with jon ferro and the

let's get more with caroline hyde. company, isn't it? >> only six years old.entering the u.k. population's consciousness at the moment. this company has spread like wildfire. 34,000 cities, you can use airbnb. the business model is that you can rent out an entire apartment, e-house. even just a room or a bad. -- a bed. much cheaper than a hotel. it has been disrupting mainly the cheaper end of the hotel market or indeed the more bespoke and. you can get some interesting properties and rooms. business users aren't really going to airbnb but if you are going on holiday, you look at it. that is why the valuation has gone through the roof. a year and a half ago it was valued at $2.5 billion. now, $10 billion. , the deepoking at tpg pockets of venture capital firms. it is one of the most valuable privately held companies. backingook at who was it, you should have had alarm bells. , they know how to pick a good one. also, founders fund. one of theer thiel first outside backers of facebook. >> investors are pretty excited about this business. there are regulatory wor

caroline hyde has been tracking the biggest wheels.what to expect. >> it is fascinating. forpe, the best region initial share sales in the first quarter. $18 billion is how much was raised. that is triple what we saw in the first quarter of 2013. a significant increase year on year. what is fascinating is where these companies are coming from. consumer cyclical companies. ,his is a bet on the region that the region is exiting recession and that consumers are going to go out and spend. that is what lured the big companies to issue shares. also, companies, online retailers such as boo-hoo as well. russian chain as well sold shares. there is more to come in the pipeline. you have just eat, and online takeaway company. it could be valued at 1.5 billion pounds. careance, holidays, health , another looking to enter the market with shares that could value the company at 3 billion pounds. a real pipeline of those companies exposed to the consumer set europe apart with $18 billion worth in the first quarter. >> how does europe compared to the r

growth.bottom-line caroline hyde joins us with all of the details. start with the numbers and the affects that of her the company. owner inhitting the tech. its home is in europe. the euro very strong against emerging markets and currencies. its growth in emerging markets is singing a slowdown in sales. profit of just one thing percent. that is about one third of where they were this time last year. it is all about converting themselves abroad back into their home currency. beenwner has really setting the trend for so many other clothing retailers. they were the ones i can get the the ones that can get the trends on the runway in a matter of weeks. we're seeing the strength of the euro crimping a bit on their sales. so it was a slowdown, but still in line with investor expectations. our analysts and objectors -- investors worried? >> it doesn't seem so. they seem relieved at these fromrs were posted today the foyer for 2013, mainly, because of the bad news that our to been factored in. share price has slumped this year, one of the worst performers an

. >> caroline hyde is looking at the bids. aviv.tt is in tel >> let's start by telling you about some of the big news coming up on bloomberg television this morning. we will turn our attention to jcdecaux. of we will get more insight into the company's latest earnings. and a security maker expects double-digit growth in profits this year. and the pulse will sit down with discussf executive to europe's second-biggest maker. are holding an emergency summit to decide how they should respond to the russian troop buildup in crimea. there.weed is they said they were making some decisions last night with regards to isolating russia. talk about how that builds pressure on the eu to act next. the mere fact that nato has decided that the situation in russia is so critical that they have taken actions will be putting pressure on the european leaders to take action in brussels at their meeting later today. certainly in terms of some sort of sanctions or enunciating what they plan to do. listen to what the secretary general of nato had to

here with me now is menace cranny, jonathan ferro, and caroline hyde.share lloyds bank stake -- stake sale. >> the second time they have sold stock. just under 25%. has been onor twitter saying they are going to use the proceeds to pay off the national debt. they will have to do it at a discount and a bigger discount than the first time. 75.5 pence. >> we will keep on top of that. jon, you are watching the maker of "candy crushed". "candy -- let's just call it the "candy crush" ipo. 75% of their business. >> i spoke to alex friedman earlier on. everyone around here is saying, why am i not working in tech? facebook is buying something se

caroline hyde is on set. let's start with ryan. secretary kerry is in town. with the prime minister. i just spoke with them and he said he wants to defuse the britain and united states are united in their approach. he is on his way to the most important meeting of the day. he will meet the russian counterpart. this will hope to de-escalate the crisis in the ukraine. the referendum is on sunday. watching the ukraine story. bp is now allowed to try to win some contracts in the gulf of mexico. >> they're lead to get back into the fray. there are 40 million acres that are up for auction. it is fairly significant. as one fund manager did say to me, just because you are allowed back into the party does not mean much. holding. a 20% it is still 30% of bps production. it is only because i was trying significant- it has impact. >> we are continuing to look at this missing airline. we don't have much news. >> the press conference and not many headlines are coming up. they are expanding the search. if it is going west to the indian ocean and east of southeast china. the

here with more is caroline hyde. concern for many investors has been the ongoing strike in south africa. did he comment on that? >> he did. the association of mine workers and construction union has been on strike for six weeks now. that is about 70,000 members. we know the effect it is having on platinum mines. prices are up eight percent this year. reducers are saying they have lost more than $650 million in revenue. the workers themselves are forfeiting half of that, almost $300 million since it started in january. onmin is one of the traded miners. they say they will not meet their target. wages tors want their be more than doubles. three years is fine. that is the minimum amount of time to give us that rate. $12,500. want thewhat they minimum entry level paid to be. the company says that is unaffordable. they will give a 44% increase. clearly at loggerheads here. state mediators say the gap is too big. we need totelling us find a solution, but it does not seem to me like he is coming up with answers yet. >> talk

here are caroline hyde and jonathan ferro. off with the futures. a little disappointing today.sn't exactly doing what we expected today. gone away.as not it is just a matter of time before plays back in the markets. >> it depends on how the markets react. you're watching the latest from president putin. president putin has artie supported a bill to approve the accession of crimea to the russian federation. the really important thing to watch out for today am a francine, is the speech by vladimir putin in moscow and at 3:00 p.m. london. 11:00 in london. >> that will be a speech to watch for. everve of course the first press conference by the new head of the federal reserve. >> nine straight years, that is 30 six quarters

. >> caroline hyde is in basil for us today in switzerland. your week of luxury continues. caroline? > it is. the biggest watch and jewelry fair in the world. it is about luxury. it is about champagne. that mag niff sent -- and about the most expensive watch on record. there is still concern. he challenges are clear to see . chinese still weak in terms of demand. sales have been eroded by foreign currency, weakness abroad, particularly in the emerging markets. after that, the smart watch and indeed the threat of the swiss very own making problem. that could hurt the talent that the swiss watch industry managed to bring in to make these lorious watches. watches by rolex. omega. back to you. >> yes, absolutely. caroline will be bringing us the latest from basel. that will be later on during "countdown." >> we await news of a potential i.m.f. loan for you crane. our next guest tells us why a bailout may not be enough to protect the country's economy. >> time for the day's company news. candy crush maker king was crushed in its debut. the biggest decline in a newly listed u.s. c

. >> vodafone has reached a deal to buy the spanish cable $10 billion.for caroline hyde joins us withetails. interesting that this is an ipo that is not going ahead. ono is being snapped up by vodafone. vodafone keeps splashing that cash. it sold off its stake in verizon wireless in the u.s. it said, we have the spending power of up to $40 billion. to make acquisitions and make acquisitions. now they are buying a spanish cable company. vodafone does not just want to supply a mobile phone, they want you to be accessing data, the internet at home but vodafone, on your internet, on your tablet , when you're using are smart tv . we have all been talking about the internet of things. vodafone wants in on that as well. this is why they are purchasing ono. 7.2 billion euros. >> we will take a break. we are back in two minutes. ♪ >> welcome back. let's get back to our big focus, ukraine. crimean lawmakers have asked to join the russian federation. we have been hearing from european union foreign officials as they arrive in brussels. >> markets are remarkably calm. not a lot going on. this sen

we will get the corporate story with -- ch a deal caroline hyde has the latest. they are away from nacchio. -- an ipo. >> they can get more bang for the buck and money up front if they go into vodafone. vodafone will be spending on the spanish cable asset. earnings 7.5 times the . there are a lot of cost benefits from this deal and the spanish to the gets scaled competition from telefonica. but why would they want to buy assets from spain? >> it is a questionable one. skinow that vodafone has in the game and nine percent of the revenue coming from the country. they want scale and they want to get in the home. they provide internet by mobile. we are not calling so much through our mobile providers. we use skype and other applications. companies are happy to go for data. internet --ts us internet- axis and the in our home. this is what they can provide. homes to some .2 million homes.million they can scale of the sales by offering mobile revisions -- provisions. >> the human lives on vodafone. stay with us. sector, of the telecom we're seeing so many mergers and ac

here is caroline hyde. being taken on? >> nine companies that are smaller electronic cigarette producers. therial tobacco is late to party and they make monte christo cigars. ago didouple of weeks they get the electronic cigarettes on the shelves. potentially, they are now focusing on fending off the competition. the result is them saying that they want to protect intellectual property and they are saying that nine makers of electronic cigarettes are infringing on patents. this is an attack on the smaller competitors that are in the market and that is on top of the ,act that these large companies the likes of imperial tobacco, are busy getting producers. a issa great unit was bought back in september and you can see what i want part of the market. -- and heoing to be cigarette unit was bought back in september and you can see why they want part of the market. >> it is going to be huge. and the u.s. and the united kingdom, 10%-50% already use 15% already use these. pe because i wanted to stop smoking. that is a whole other

caroline hyde is here with a look at specifically retailers. >> the british retail consortium put outers in february with a real disappointment. sales, dow 1%. -- down 1%. one area is online. it doing great outside of the rain. year on year, 14% growth. it was totally miserable weather in february. people pressing the click of button. fall.r's is likely to also very exposed to food sales. at seems to be a weak point. we may get a bit of a boost. purely an online player. provision sone because see a bit of a separation. those exploded to food sales. really interesting numbers. hot on the heels of strong consumer confidence numbers are from u.k. for stop strong numbers and we'll see if we get reaction run the retailer stocks. thank you very much. topon is here with the macro themes. >> german trade data was better than expected. .mports up a much better than expected for german trade data. coming off a week month in january. the bank of japan stays on hold for the big one. april, sales tax hike. what will it do for the coming and will they have to step in with more stimulus? that is the

caroline hyde brings us all the latest from facebook today.ke a look at the rising price of breakfast foods pound for pound. jonathan ferro digs in and makes all of us jealous. that's next. >> welcome back to "on the move." i'm francine lacqua here in london. for any self-respecting brit, a full english is breakfast. it is greasy and gorgeous. because of rising food prices, it is also getting more expensive. jonathan ferro explains how from his local greasy spoon. >> can i get a black coffee? you might have heard that inflation in u.k., the u.s. and europe was actually pretty low. what does that mean for you and i at breakfast time? the price of food has gone one way. up. for think self-respecting brit, this is breakfast. the full english. saturated fat. carbs. salt and caffeine. start with the full english. bacon. ork prices are higher. toast. you have a drought in the u.s., southeast asia, india. putting wheat prices under pressure. panic is something going on in the ukraine. a key producer. then you have coffee. people call this an early mo

we will discuss the issue with caroline hyde next. >> welcome back. i am manus cranny. here are some companies on the move this morning. deutsche telekom says that the view of t-mobile is less likely because of regulations. the carrier is open to alternatives. a sale to softbank remains the preferred option. deal toca is close to a buy a controlling stake in a business or 800 million euros. bidderse competing with . they owe 22% -- 01 122%. n 22%. of 14.5er a value billion euros out of the parent company of the cable provider. for more on those and all things our european--, business correspondent joins us now. i just had a chat with julian and he said the danger is that everybody is in a frenzy and nobody is going to win. >> it is putting billionaire against the in error. there are cost savings versus competition. this is where the regulators get interested. >> we know they are trying to get out of telecoms in france and they want to get out. suddenly, there is a lot of attraction and they are saying that we could bring cost savings for 14.5 billion euros and when you

caroline hyde, the end of a nine year run of unbroken same-store sales increases, is that it?>> looks as though for the first time, sales are going to fall. sales are down by 2.7%. growth about 800 million pounds. 1.5%. the end of an era. alarm bells have been ringing for some time. showed that the competition is getting tougher, particularly with the discounters. i swore is on everyone's lips. rice war -- price war is on everyone's lips. are addicted by jogger fee and demography. >> all shoppers have become more savvy. you go to all the. if you want a good quality piece of meat, after the horse meat scandal you want to go and find the best types of product. many want to go to a marks and spencer's. , sainsbury's might be more insulated than tesco. >> justin king, his era is ending. timing is everything, they say, when you step down in the world of politics and business. football as well. has he got the timing right? >> it seems he might be following in the footsteps of theie, stepping down when time is right, just before the times really get tough. justin king, this is likely

. >> caroline hyde is covering facebook's $2 billion bet that virtual reality is the next big thing. jon, let's start with you. new york. a very punchy valuation. >> it is. $7 billion. midpoint in the price zone. quite conservative in that sense. i'll tell you what this company is. the stratus quite bewildering. 600 million in stores on mobile devices. 1 headline 4.. game -- 1.4 billion daily plays. the revenue from this company comes from one game. people are comparing it to the likes of farmville. does it have any longevity? is it just a fad? what comes next? you can produce a top selling game like angry birds for less than $150,000. that means competition is going to come into the market and potentially knock you off your perch. >> give us the sense of size and scope. how does it compare with some of the british companies? 2.7 terms of evaluation times sales projection this year. not that big of an evaluation. when you look at the size of this company, everybody would have been talking about this being a bubble. this is a company that doesn't have anything that you can touch or fe

. >> thank you, caroline hyde. >> that is it for "the pulse." keep it right here.e" is next. they will take you through the next few hours. you can follow us on twitter. ♪ >> thomases are made as john andy needs levrov as ideas ukraine are discussed. midnight is here. turning into a pumpkin on health care. the debate intensifies, november beckons. , i'm gettinguarter out of cash. that morning, this is "bloomberg surveillance." it is monday, the final day of the first quarter 2014. i am tom keene. scarlet fu and adam johnson are joining me. let's get to the morning read. 2.5%,ch inflation slows slightly weaker than forecast. unexpectedlyion drops. the steepest in eight months. economic news in u.s., we will purchasing'sago index. an activity index at 10:30. .ribune company in case you

the world's biggest watch show is underway in switzerland and caroline hyde is at baselworld. >> it ishe biggest watch and jewelry fair in the world. oozing with luxury. there are chandeliers, champagne, and there is even an enormous fish tank. the challenges are still clear for the watch industry. a slowdown in china. foreign currency weakness abroad . and of course, new technology. new smart watches. nevertheless the people flooded. as you can see the biggest names -- rolex and omega. the likes of those are ready to do business and welcome people into their incredibly fantastic new shops they have set up. ♪ >> welcome back to "on the move '. i'm francine lacqua in london. toyota is buying back stock for the first time in five years. the world's largest automaker will repurchase as much as 60 million shares for about $3.5 billion. buyout have been fielding calls from analysts returned money from shareholders. a securities regulator are investigating trading in shares over the past month. the banks'to get shareholder that an inspection started yesterday and it is cooperating with autho

jonathan ferro joins us with the details of the selloff in russia, while caroline hyde takes a closer look at what is happening to european companies and markets. >> russian equities down eight 8.5%.lf percent -- that was for one reason and one reason only, russia's central bank comes out and hikes to seven percent from 5.5%. they say the reason is to prevent inflation risks and ensure financial stability. it does not remove political risk. that is what is driving these markets. look in commodity markets, that is where you get the broader story. natural gas is up two percent this morning. his been up there since most of the morning. this is critical, not just for russia and ukraine, but for the eu as well. they get a third of their gas imports from russia. that takes away some of the leverage they have in their negotiations. what happens to the likes of europe if they try to have the same sank and you have on iran. that is going to hurt europe. >> some say the explosion is there. if you are a chemical company china keep your lights on -- >> you have the possibility of trade sanctions.

caroline hyde joins man said. -- joins me on set. >> we are starting to see the stall wart of the consumerit has managed to grow and grow at exceptional rates despite in their country. it is starting to see a little bit of weakness because of the euro strength. the euro strength against the --, the ruble, but still brazil. the has eating into sales. once you convert them back into euros, less bang for your yen. it seems to be coming as a bit of relief to investors at the numbers have slowed but it comes in line. we have seen 1% increase in terms of profit, 5% in terms of sales. it is not an overall slowdown we could see the shares up 1%-2%. there is an emerging market angle to it and weakness coming through but there is also the online part of it. >> opening in yet more countries. they will be open in greece online. they will be looking towards south korea and mexico. a company that has managed to flatten its competitors by having a standout business model. they are able to get fashions in store worker and online a lot faster. they push on my for a lot of competitors. a lot of the clothing

caroline hyde with the very latest on bitcoin. "the pulse" is coming up at the top of the hour.'m joined by my co-worker, guy johnson. we're talking power tag and then of course we'll cover this bitcoin story as well. >> the tech theme runs through all of these. there is a rich ukrainian tech genius on the other side of the atlantic. what'sapp saw the sale. we're going to take a look at what's happening from a business point of view. ryan chilcote has some great guests. i know this is a story you love. you're walking down the street. this happens with me, my wife , walking down the street. love that bag. lovely shoes. where are they from who makes them, we have the guy who is going to make that possible. i know you're very excited. >> i'm so excited and a little bit scared. >> i'm a little bit scared as well. basically you points your smart phone at any item, it is going to tell you what it is, where it is from and where you can buy it. that is a dangerous combination in my book. >> yeah, especially if you're on air, guy. >> i'm not really worried about me, per se, just other me

caroline hyde is digging into the price war from softbank president.chilcote and monitoring the situation in ukraine as russian titan is a grip on crimea. >> what is coming up on the program. earnings will be released. do not miss in that interview. that is coming up later during the day. >> mark carney faces his toughest test. he is defending the integrity of the bank of england that has a, embroiled in the manipulation scandal. good morning, manus. >> a very good day to you, mark. years, libor resonates and people mind when the bank of england was accused of being naÏve. here we are with another unregulated market. critically important point for foreign change is on -- unregulated. that is what mark carney will be asked at the house of parliament. the issue isn't this -- they're concerned that a foreign exchange market was a rigged eight years ago. there's no evidence of collusion so far. that is what the bank of england has told us. it is important to draw the distinction there is no evidence of collusion. marco carney and paul fisher, it may be a l

. >> caroline hyde is just crossing into bloomberg.are getting reports toyota has agreed to end the criminal probe. that story.has >> we will be focusing on the chairl reserve and the janet yellen. let's look at the bank of england. jonathan has the central bank on his plate. >> musical chairs. some new names as well. yesterday mark carney got to give more detail about the restructuring at the central bank. thingst looking at one like restructuring. according to him that is 1970's or 1980's and dangerously flawed. he wanted to be more than price stability. he wanted to be about financial stability as well. the relationship between the two is important. a lot of people will have crossover at the central bank. he talked about current policy. it doesn't take a genius to see the risks are there now. it's what he had to say on the housing market and taking action. >> we shouldn't be trigger-happy. we have the tools and are well .rmed to address the risks we have taken initial steps. we did stop all the things we were doing for monetary reas

to our correspondent caroline hyde. she is live. billion pounds exclusive holland park. >> she is slumming for "countdown," thank you. >> i am slumming it. i had a tour of this insatiable apartment that has a 3-d cinema. singled sound and every world. there is crystal dripping off at the ceiling. it is pretty high-end. one of the men who was trying to sell it. sense, it ise a something russians would be interest in? >> absolutely. this is positioned. we are right of the holland park gates. goodnd park which is a address. the property has excellent security. i should say it is dripping with luxury. but give me a sense -- >> and give me a sense of some of the features. everything seems to be remote control. >> it is. you can control the curtains and blinds from the ipad. heating and conditioning, all of the rooms for some this is a balmy 24 degrees right now. 3-d and the cinema. >> even in the bath, i can watch television. can.s, you there are tvs. you can brush her teeth watching bloomberg on the screen. >> the david are you worried

caroline hyde joins us with more. it is a bit of a muddle. >> it is a bit of a film script, almost. chases, from journalists, pretty exciting stuff. all about the man behind bitcoin. newsweek says they have uncovered him. physicist-year-old and government employee. he lives in los angeles in temple city. he changed his name when he left japan. he is the mysterious computer code or. -- coder. .any assumed it was a pseudonym newsweek claims it is this man. he has told the associated press, this is not me. >> the main reason i am here is to clear my name that i have nothing to do with bitcoin. i have nothing to do with developing. i was just an engineer doing something else. said he had not heard of .itcoin until three weeks ago newsweek stands by their story. longer involved in that and cannot discuss it, it has been turned over to other people. he later said that he had been misinterpreted. seemedoin fans skeptical. i have also read hilarious prologues -- blogs. the key concern is invasion of privacy if he is really the man behind bitcoin, this cryptic digital currency. has gonehe le

for more, let's bring in caroline hyde with the details on what was a fascinating evening. >> wait foror it. there, on the bottom right. >> bloomberg presents the oxford union debate. with bloomberge having this relationship with the oxford union and he was fascinating. this is the first time he was x ceo. speak as the he is still on the board and one of the bigger shareholders but no longer running a. he spoke very eloquently about the concern that he did not have the third arm. teaming software with hardware quick enough, he spoke about how companies usually only have one trick. it keeps on giving. >> it is worth billions. tricks and they brought him back and developed a touchscreen. microsoft had two tricks as well in now they are looking for the third. >> why did you not do the third trick right? say i did not know if we were too busy or he only knew the tools of the first two tricks. we have done two and you know what the challenges are now? yearsill go for a lot of but in our industry, you need a third trick. are the pct's tricks and the windows operating system and the second wa

. >> thank you so much, caroline hyde with the latest on softbank.he full interview on charlie rose. looks pretty entertaining, tonight at 10:00 p.m. >> time for the latest in our special series. behind the wheel. 2014 is the most eagerly anticipated formula one season. no one is sure who is going to win and how many cars will finish the first race in australia on sunday. the performance director of caterham tells us now. >> the biggest role change i can remember and my history, for the last 20 years. fundamentally, we are changing to a new powertrain. and electronic energy recovery system. v8 to a smaller capacity turbocharged engine. aerodynamic changes all around the car. a different nose profile to improve launching and safety. lower element. we have gone to a stage where we are trying to align ourselves and become more relevant to the industry. one of the key aspects of the coming season is that we will of theaces with 2/3 amount of fuel we started with an 2013 but still covering the same distance as quickly. that is a massive increase in effici

caroline hyde is here. watch out of british utilities. >> yes, look out.as among the big players in the u.k. that have a big fix here. it is estimated they control more than 90% of the gas and electricity market and now the regulates are tacking in on these companies. we realize the preliminary review might be released, the outcome as soon as this thursday. the electricity watchdog in the energy market here and other regulators. the authority has been analyzing. consumers and federation of small businesses. they are investigating the energy companies saying they have too much dominance and are taking too much profit overall. authoritiesed, new begging them to look into it. there is a concern we could see utilities divided up. unit iner generation being separated from the retail unit. families the shares could fall. 1%-2% as them to fall we analyze where the futures could be going. a huge a generation of competitors coming into the market. first utilities and other and eco trying to get into the market offering us energy bills and trying to offer to the ret

joining us now is caroline hyde. managed to overtake m&s on at least that big profit number? >> by getting in on the online game far quicker and expanding and looking like it might take on department stores. block --id on the relatively new, it is 32 years it is going to overtake the 130-year-old marks & spencer's in terms of profit. investors have been betting on this for a while. investors have driven up next share price far above marks & spencer's. capitalization, how much the investor base thanks next is worth is far bigger than marks & spencer's. now, next is living up to that investor bet. jump profits are set to over marks & spencer's for the first time ever. profit is bigger. the way it is is the online assertiveness. they cut their teeth in the directory unit. this is a company that did catalogs. it knew how to get clothes to your home. online was a natural progression. set took that bet early and the bar here for u.k. weekenders. if you order at four: 10:00 p.m., you can have the clothes in the store the ne