caroline hyde is at the touchscreen with more. it could be forming a corporate computing giant. it could come as soon as today -- $33 per share -- put that in perspective. that is 18% higher than emc's current share price. but in the nitty-gritty, there are interesting angles. cashs going to be paid in but there is an eight dollar tracking stock, a so-called fromr, a way of protecting big fluctuations in the stock price. this is a cloud software company that the emc controls and has a majority stakeholder in. it is a new security being formed, tied to the value of vmware. elliott management is already pushing emc to break themselves up, and this is in line with their thinking, being driven towards a buyout. let's have a look at what's in it for dell -- two years ago they took themselves private, the founder buying it up. the sale could actually help scale this company with the faster growing storage business. dell already has the pc market going for it, servers, this is about adding storage to that collection and being able to offe

let's hit the market opened with caroline hyde. caroline: a lot of earnings. central banks turn center stage. a little bit of profit taking in caution as the federal reserve meets low expectations. just 6% probability that we will see a rate rise at this meeting. not until next year that we see the probability build above a percent. what will the bank of japan do as well? this is what investors are trying to negotiate at the moment. maybe a little bit of money coming off the table. .1%.up the s&p 500 dipped a little bit yesterday off a nine week high. toward gdp heading figures out of the u.k.. 9:30 a.m. u.k. time. we are expecting growth. poundile, the british basically flat. $1.5356/ we cannot get above that $50 mark when it comes to crude. it is continuing to affect national gas. up by 2.2%. we are so close to the two dollar mark. that would mean we are pushing lower and getting really toward a low that we have not seen for years when it comes to natural gas. it is all about a glut in natural gas. look at some of the stocks to watch. we have had some big nu

caroline hyde has more. caroline: this is bill gross trying to rewrite the script that will shortly be a film in the making. this is phenomenal stuff. the land bridge at the pace is using to sue pimco. it is driven by a lost for power, he said. and a desire to improve their own financial position and reputation. the words he used to hit at some of the executives that he claims colleagues worked together in a cup all c --abal. risk-averse, and the plain-vanilla stuff. part of theed his bonus he was set to get for 2014. that was on track to be $254 million. he says he's going to give it to charity. it is really underlining the fact that this is about reputation, not money. >> as bill has said, and i am repeating, to the extent he gets any compensation from this lawsuit it is going to charity. now he just wants to tell his story because he thinks his view of facts and his understanding has been misrepresented. caroline: record amounts of money coming out of what was the acus money-management and the top mutual f

let's go to caroline hyde. caroline: we are talking telecoms and an asset being disposed of by telling all -- telonal. they could be disposing of one third of their holdings in vimplecom. they have had a bit of a torrid ride and they say because of the erosion of the market value of vimplecom, they look to dispose of the minority position that they have. buy never had the option to the company whole. theretemple, assets -- vimpelcom assets have been challenging. a third of that is what they will be potential he earning by selling off these -- potentially selling off these chairs. billione received 20 norwegian krone in dividends. the current valuation and ownership stake is it about that amount. we need to talk about this lack of transaction taking place with cayenne s. let's turn to politics now. the busy weekend for politics. the u.k.'s ruling conservative party gathered this weekend for the annual conference, seem to protest outside the convention center against austerity to strike rules in the u.k.. the subj

.utures up -- ftse futures up let's wrap it up with caroline hyde. caroline: could we see green on this friday? we move toward the open. hong kong as to stimulus. that helping to recover from yesterday. i selloff amid the gloomy manufacturing data we got out of the united states yesterday. not voting all of that will for the jobs data later today. 200,000get in excess of -- will we get in excess of 200,000? payroll lacking when it came to the overall view of the market. the cac jumping more than one percentage point. the big recovery happening in mortgage.ina, helps it helps with stimulus. let's have a look at some of the other markets. euro trading lower this morning. up by .2%. signal a fed rate hike? the probability still trust 50% s 50%.ll trump mario draghi talking up the eurozone, saying growth is returning. a propseeing oil getting higher up 1.5%. asna putting fort stimulus we get more than 2000 thousand jobs being added in the u.s.. copper is on the downside. it doesn't seem to be an obvious trend. gold is a big trend. we are set for the worst

with your stocks is caroline hyde. caroline: in full day of gains. actionot so much stock here to do so much news flooding the screen. openre up to see how we .1%. german data industrial production not looking pretty. down 1.2%. we see how germany opens. we are following asian -- we are following asia. maybe looking at evaluations. we did see the euro a little bit lower at the german production. continuing-- money to grow. brent up 1.2%. up more than 9% in october. pushing up in terms of the price. we've got cup or on the upside -- we've got copper on the upside. thes get straight onto stocks. i would want to see how seb opens. 60%miller now getting a premium -- a 16% premium. up it goes 3%. we are still wondering if this deal can go through. whether a monopoly is being built. the number one shareholder of sab miller says engage. offersady has two rejected. diageo selling some of its their assets. let's have a look at tesco. they won't rule out a rights issue. there pausing in their portfolio analysis. there an growth is u.k. sales down. in volume, t

let's get to the market open with caroline hyde. caroline: the longest winning streak in european stocks since july today. on the downward side as we see that data overflow from data -- from asia. down 17.7%. if you're looking at the dollar value, up 20%. 11 straight months of decline for chinese imports. it highlights concerns about domestic in china. we are seeing the cac up 10%. slowly but surely we're likely to see a little bit of money coming off the table when it comes to equity value, concerns -- copper by .7% -- copper down by seven -- on a downward trajectory. the likes of australia. the dollar down by .5%. the fx i want to talk about is if the british pound. 68 billion pounds worth of m&a coming forth. that is going to drive up the target sterling. pounds, mega brewing deal. will own company that half of all the profit and the entire bear market. one in every three beers is sold by this juggernaut. they like the fact that they are able to get there clutches on sab miller. what assets will they have to sell? have to dispose

caroline hyde is standing by. caroline: we will take what we are given when it comes to china. they are stabilizing and a three-year low. but we like it. we like the fact that we are seeing stabilization, the fact that we are starting to see some improvement. still in contraction, still starting tot we are see some of those measures, not one, not two, but five rate cut. potentially the starting to stabilize the chinese economy, helping to push equities higher, risk appetite higher. we are following asia. what a rally we saw into the end of the quarter, up 2.5%, after what was the worst quarter and four years. ftse and cac up as well. clearly a bit of risk appetite in the equity sector. we will have a little luck at the selloff in the euro. stimulus that's once again rearing their head into the front and center of traders minds. we are starting to see inflation in negative territory once again. that is really adding fuel to the fire that the ecb will add stimulus while we start to see the opposite happened in the united states, potentially a rate hike in the federal reserve. dat

caroline hyde has the details. caroline: it is going to be a bumpy right.organ got the ball rolling. it was a mixed picture, when you're trending down into sales. also by 6.4%. trading is slumping. be --rgins is going to the federal reserve got rates at rock-bottom. that is going to be a problem plaguing the industry. jpmorgan managed to raise theirs. they rebalance their assets slightly. strip that away, underlying the business, you're seeing trading slump, you're seeing sales fall. you're seeing revenues down. everything unit, not just corporate banking. commercial, all four units for fret -- all four units of revenue falling. the cfo telling us that october, the start of a new quarter is pretty quiet. estimates for the full year and fourth quarter, she says are appearing too high. start to reign in your estimates for where banks are going to pass in the fourth quarter. what is being signaled is the fact it is tougher to make money. let's see where the winners in the week -- loses were. the losers outnumbered. factor in the businesses that they sold. andt

let's get it with caroline hyde. caroline: a pause in risk appetite after adding $2 trillion to world equities. -- weci equity index cling onto the green, despite the pretty dire german factory orders. they were down 1.8%. we were expecting growth. last month, july, was revised even lower. is lacklustermand at the moment. goodness knows how much more pain the brian volkswagen will wreak. we have mario draghi taking to the stage to speak in frankfurt. we have eu finance ministers gathering and luxembourg. let's have a look at how we are looking on the euro. basically flat -- the fx market is pretty quiet at one dollar 11193. more people are betting that we will not see a rate rise. a 10% probability for this month, whether we see a fed hike this month. december is still below 50%, so clearly, more money in risk. continuing to look relatively resolute, $49 at the moment. let's have a look at stocks. sab miller will be an interesting one to watch. down 2%. is this a ploy? is this a defense ploy, trying to show off how st

caroline hyde has the top stories. ne: the roller coaster that is glencore can can -- continues. we are claim on two games of 9% for glencore. there is much speculation and the press that they could be selling off shores. say they analysts could be worth $10 billion. that will help -- that will help the balance sheet. at glencore, they like the sound of asset disposal. we are having a rocketed this morning. k+s is down 22.6%. 7.8 5 billion euros. because of the commodity route and the concern about the management, and the fact they were unwilling to engage, they're off the table. k+s tables -- tumbles. vw is down by almost 5%. we have apologies over the weekend. the designated chairman put out advertising trying to will back the client base in germany as they try to fix the problem by wednesday. they are trying to dodge those emission regulations. we also have breaking news today that shea's letter, which counts biggest client, is trying to bring back its initial chair sales. it is tainted as an existence threatening ev

here with more is caroline hyde. n this is a trend for a while, but really impressive numbers. caroline: gathering pace. we've surpassed 2014 in terms of capital money flowing into the u.k. for tech. perhaps less music for george osborne's ears is that it has dominated in london. 75% is traded here. three quarters coming into london, coming into the main capital. they want the wealth to the spread across the northern powerhouse. this blows me away. investment levels in london have timesed by 10. that is what tech city has managed to do for london. companies by0 tech 2020. talking about startups, the scale of conundrum. you and i were talking about it . guy: that i think is the most pivotal number. the early-stage stuff, we kind of known it. the big stuff is scale up. caroline: that's what you want to see more. they want to see it going into the bigger companies. there was more money from oxford ventures from, from google ventures. it needs to keep on growing. interestingly, secret escapes is part of what they deem the

let's get to them with caroline hyde. a there are profit warnings desk caroline: one stock shining is -- holdings. this is showing your best performers. on thewards performance stoxx 600. who is winning yak -- winning? syngenta doing very well. on the downside, pearson home retail. the chief exec of quits. mike mac stepping down. the biggest agricultural company, facing it's time for a new leader. sales have been dragged lower. now mike mac is leaving the company. they feel that is a good thing. syngenta spikes almost 7%. pearson group plunging on the back of a profit warning. pearson group the biggest pool for the stock since 2002. third-quarter sales fall, but there for your profit will be at the bottom end of forecast. this is due to cyclical issues in the educational sector. this is the company that got out of the ft. looks like the area they are focusing in on, education is facing cyclical challenges. they have concerns in south africa as they are seeing certain promises affecting buying over there. this is the worst

caroline hyde has your market open. caroline: to what -- before we get to what could be a lunch for burberry stocks. remember 100 billion euros -- 180 billion in the past three days. we are likely to follow asia higher. cac just owning to warm up. pushing our bets on any sort of federal rate hike. those alarm bells coming from data. the retail sales week. -- the retail sales from the united states weak. .9%.0 up let's have a look at the euro. euro higher. the dollar continuing to go lower this morning. over the morning, but course of several days, the dollar has been on a downward trajectory. meanwhile, gold has been invoked. is coming off one point percent. we see gold up 4%. 1182. gold is back on as we see a push back in terms of a likely rate hike. as we see borrowing costs falling. let's have a look at borrowing costs. we are seeing global bonds. the yields are significantly lower. 1.99%. that is the lowest we have seen since april. clearly we are seeing the yields coming down, bonds rising. we see a push back and a

let's get your european market open with caroline hyde. volkswagen caroline: good morning -- caroline: good morning. quite a muted reaction to the stimulus we saw -- the sixth interest rate cut coming with any year. -- within a year. they are injecting up to $110 billion into the financial system, but the hang seng is down by 1/10 of a percent. is it that we have already seen the market move and they have already factored in more monetary policies coming from china or is it caution ahead of the five-year plan, rs barclays has said, is it underscoring the fundamental weakness of the chinese economy? of 1%ai posted 5/10 higher but not as big a move as we saw in europe on friday, when we factored in that chinese whenlus adding to the ecb we see more stimulus coming from mario draghi. perhaps a little bit of profit taking, a little more risk aversion. the dax is flat, business climate set to deteriorate later today. taking after we saw the biggest two-day gain since july on thursday and friday. the other asset classes are moving on the back of

i think we are doing fairly well. , sitting caroline hyde next to me, interesting on china. says everything is fine. i wonder if everything is just fine for tim cook and apple in china and not everyone else echo caroline: i think you are actually right. down about 5% in terms of sales. this is phenomenal growth. this is 87% pick up in china. this is a quarter of all of their sales now. this quote stood out. i wouldnot know if -- not know there are any economic issues in china. this is how impressive their sales are in china. they've got a new product in china. apple recently entered the market. i think they are managing to navigate in a contracting market. we hear from the other corporate that are exposed to china. for apple it picks up. million handsets. that is phenomenal. that is 22%. jonathan: there are always numbers -- there always phenomenal numbers out of apple. bigger base. starting to come up with higher growth numbers. i wonder when the comparables start to become difficult. the rate of facts in china start to take affect. caroline: they are already becoming more

we know some of the names but a few surprises from caroline hyde. ll be digging into individual stocks. keep an eye on the turkish market in general. just opening a few minutes ago and it is going to be under pressure. the tragic terror attack on the weekend. the country in mourning. stocks have been pushing to the downside and efs on the turkish lira as well. and keep an tale eye on terms of asset classes and the turkish lira in turkish stocks opening in a -- a few minutes ago. digging into certain stocks to watch as you're looking at 0.4% decline in turkey. your attention to glencore and the roller coaster we have seen in the stock. a look at the u.k. company it is there london-based share. glencore's stock roller coaster plunging at 1.30% per day as the commodity rout wore out on glencore and the concerns about its debt load. it is tackling the debt load and they said theyd are up for grabs and had interest shown from some parties in these particular assets and co. to brought together or individually. keep an eye on glencore on the open because it

for more, we're joined by caroline hyde outside of buckingham palace and bloomberg news reporter andrew davis in hong kong. great to have you both. caroline, the industry's said to benefit, have got the details? industry every single is said to help that 30 billion pounds of investment, almost 4000 jobs said to be created. technology will be a winner. xi jinping will visit a a chinesecompany and company, maker of telecom equipment and tech will be winning and retail. about one billion pounds to be added up by introducing the chinese consumer that much more tightly to the u.k. exporters. really going to be energy and finance. we have details of investments by the chinese in terms of not only helping to pay for but to build and help design new nuclear reactors in the united kingdom. the financial sector, the city of london dominates the foreign exchange market but it was to be too that your one done -- yuan. when it in that aspect. and the central bank of china, first over over sales -- overseas debt sale in london. the government of china lighting up a yuan data cell. they are winning th

caroline hyde kicks off the weeks trading. caroline: we are set for a red day. happeningofit taking across europe. concerned about quantitative easing boost. down any immediate gains . anymore bond buying. an effect on euros and stocks as well. 600 and the s&p 500 are in mud pies at the moment. here is the effect we see in the euro. the euro rallying up .2%. meanwhile, we see oil up on the downside. cuttingabia will be contractor prices, delaying payments. we know that supply is at record highs. oil up by half a percentage point. let's get on to the stock move. deutsche bank's move. shire down 2%. having to resubmit what was meant to a set -- what was meant to be a sellout drug for them. they meet with the fda, pending a positive trial data. danone beating analysts estimates. deutsche bank may like the reshuffle. scale back on investment banking and become a more profitable institution. heads are going to roll. back to you. jonathan: we'll talk about that later. let's see how that china gdp figure is playing out in asian markets. david english is standing by. go

caroline hyde, she is with us with the details. favoring continuity over a fresh face. caroline: the return of the man originally ousted back in 2008. could jack be back? that was the headline across the bloomberg terminal yesterday. that is what set the shares higher. dorsey could be appointed permanent ceo. remember, he was interim ceo for more than three months now. he could become permanent ceo as soon as today. there are still a few caveats. saying that at the moment, they need to be really signing the under operating roles, they need clarity there on the roles of coo. the likes of cfo like the to stay there. the top players back jack dorsey. at the moment, all bets are on jack dorsey returning as permanent ceo. he has indeed been interim ceo since june. here is the internal candidate -- the issue was, he was already ceo of another company. the company that he helped cofounder, keeping himself busy, and that is square. we understand that he would remain chief executive of square. which is interestingly readying aself to sell shares as soon this year. so clearly, the

guy: caroline hyde, over to you. caroline: what is the fate? today, the number one player .enol offer foraking an deutsche roman. of 1.9s to be in excess billion for the equity. that is about an 11% premium the company says about where the shares traded on average over the last three-month. debt with athe premium, you are getting a value of 14 billion euros. the way it is broken down, for every 11 deutsche shares, you novia.et seven four knovo this is the number one try to take over the number two. they have in trying to buy out another player in germany, as welker it really has been a spree of battles for size in germany in the resident market. september,back in they made an offer for 1.6 billion. we will have to see that smaller deal goes through. to number two player trying compete against the acquirer. number one landlord in germany trying to buy out the number two. and it is 9.9 billion euros in equity value. guy: thank you very much, indeed. we will talk about the first debate for the democratic presidential get it is. sanders: it is the

caroline hyde has more. oline: a similar shot, a 21% premium of where sab miller is trading and we will see a pop in the shares. 44 pounds per share is what has been preliminarily agreed upon. and sab miller after weeks of wrangling have managed to come to a compromise i had of the deadline. they have until 5:00 tomorrow to get an agreement. the deadline has been pushed back until october 28. we understand the board would recommend sab miller, a deal for 44 pounds per share. a slight discount if you want cash and shares. that's for the bigger shareholders of sab miller not have the foot quite such a tax bill if they are paid more heavily in shares rather than cash. if you are in every shareholder at sab miller, you will get for four pounds for every share. that's what is agreed. for every share print interesting not only what to expect in sab miller's shares for what a roller coaster ride since the spike in mid-september when you first learned of a deal. a deal that will bring the juggernauts of the bear mark

look, caroline hyde is at the touchscreen. it is all about the chips. ne: it blew me away. 8% higher, the biggest move since 2009. and looking at the prophet move. more phenomenal. profits surging 80% for samsung. sales up with 7.5%. low. coming off a we have got to remember that. the reason a lot of this profit is looking so phenomenal, the dollar. dollar strength really did help . thes the chips and component unit that really benefits from this fx push highers, because they are priced in dollars. hichips priced in dollars. you are seeing arm holdings rise. they design some of the chips. it makes semi-conductors. these are just put them in a numbers from samsung. they are not actually complete, full version that we get later in the month. according to estimates, we think the chip area, is up 54%. get this. the displays, the fact that they can reduce these other phones are 11 fold in terms of profitability. what a.ramp-up . this is because samsung can dine out and everyone else's growth. a's designed chips for apple nd other makers. they areanaging -- mo

caroline hyde joins us to discuss exactly what could be on the table. itish chambers of commerce executive director of policy, adam marshall, also here. caroline, what a spectacular 24 hours of pageantry. but this is about deals. of this the reality trip in terms of deals? caroline: we knew yesterday that 30 billion pounds of slack was going to be coming in the door. about 4000 jobs added. what i thought was so stark yesterday was the music that i'm sure xi jinping was giving them. he basically was saying, everything you've done to try to bring our financial markets together, i like. he's saying, i see that you are one of the first western countries to become a member of the asia infrastructure investment bank. i see that you make your yuan denominated debt a priority. he understands that we want to become the hub for yuan trading offshore. to that end, today, the bank of england said we are extending our swap line between the central bank of china and the bank of england. they are not only extending it, they are building up the size of it to see more tr

with your stocks is caroline hyde. caroline: in full day of gains.stock here to do so much news flooding the screen. openre up to see how we .1%. german data industrial production not looking pretty. down 1.2%. we see how germany opens. we are following asian -- we are following asia. maybe looking at evaluations. we did see the euro a little bit lower at the german production. continuing-- money to grow. b

caroline hyde joins us. good day to you. president xi will meet the queen later today. tell me about the financial benefits, the deal that we expect to be announced. caroline: you said it. 30 billion pounds worth. almost 4,000 jobs. almost every industry group can be a winner here. they are able to access the consumers in china more. structure within this visit. we understand xi jinping will be traveling to manchester. it is going to be energy winning out. i'm sure it is going to be finance winning out as well. energy. we're hearing over the potential deals, money coming in to help finance but also design, build nuclear reactors here in the united kingdom. we're expecting chinese companies to come into those deal and expecting the financial sector, the foreign urrency element of london. we dominate that space. ho% of the market. -- 40% of the market. people's bank of china is selling debt. the first time ever denominated in yuan abroad. they are doing it in london. sovereign debt to be sold in london as well. yuan-denominated debt. all of this showing what the financial

let's get your european market open with caroline hyde. ing -- caroline: good morning. quite a muted reaction to the stimulus we saw -- the sixth interest rate cut coming with any year. -- within a year. they are injecting up to $110 billion into the financial system, but the hang seng is down by 1/10 of a percent. is it that we have already seen the market move and they have already factored in more monetary policies coming from china or is it caution ahead of the five-year plan, rs barclays has said, is it underscoring the fundamental weakness of the chinese economy? shanghai posted 5/10

caroline hyde joins us. as does the founder of moohla. ch has been made of the links between the countries? caroline: he was talking to realizingmps, that the u.k. wants to be the hub. they want to rival hong kong, london was a rival singapore -- the two biggest areas of yuan trading. he understands this. he said we are pioneering in our issue of dominating sovereign bonds. he is trying to woo the chinese by selling our own yuan- nominted debt. the first western country to do that, and the first western country did become a part of the investment bank read all of the saying, i hear you. i understand what you're trying to do. and i receptive to it. clearly, this is going to be music to david cameron's years. they are desperately -- himself and john osborne -- saying that the u.k. wants to dominate the space. guy: what is going on at home? caroline: it seems the government can tell the party line when it comes to the president, as well. suddenly, we see a slight rise in the yuan. we see stabilization and speculation that the chinese authorit

caroline hyde is here. this document will be released by the pra, which is affiliated with the bank at around 9:30 this morning. caroline: this affects all banks in the u.s. that -- u.k. that hold more than 25 billion pounds worth of deposit. this regulation will be brought out in 2019. it never puts depositors under threat again. it has to do with 2011, they felt they should separate the way that deposits, the consumer and corporate lending -- the bread and butter of banking away from the riskier elements. today at 9:30, we are expecting the updated consultation. , how dotion will be they interact this reinventing -- ring fencing. we already know it could be some 3 billion pounds worth. it costs about 3 billion pounds for the five biggest banks. we're talking barclays, lloyds. potentially another 4 billion pounds per year on running test -- costs. barclays, they might have to separate into eight units. how do you do that? you also have the likes of hsbc moving a thousand london-based employees to birmingham

and our very own caroline hyde, who was there to present the award. s take the attention to the the event -- welcome to you all, and well done. kelly what it is. the internet of things is what caroline said. you want to redefine -- you want to be the company that connects the internet of things. what is that mean? who are you? ludwig: for me, the next step for the internet is to connect the real world to the digital world. everything will be connected to the internet for many reasons. be the way you can improve. today what we have done is rolled out a network. we have already covered 11 countries, but we are starting being able to pick up this very light energy and push it into the cloud, being able to detect every small thing. to a record,t pets everything you have around you. -- this big challenge is something which is changing the internet. caroline: and you are building the network. i watched your pitch yesterday in front of 150 investors. you were then named after the voting as the all-star company. what does that mean? what is it mean to get the

let's get to caroline hyde, who has her eyes on company news. t to show you this particular chart on world indices. $2 trillion has been added over the past four days in terms of increase in training. this is the msci here. clearly we are on a bit of a lackluster day, but i wanted to put it in perspective -- the rally we have seen. one stock to keep an eye on that could potentially rise this morning is sab miller. interestingly, it is frontloading its trading update, in the numbers look pretty good. the reason they are updating us is because they are in the midst of the takeover battle. it seems that since september 16, they have said they are intending to make an offer. to find out what the offer is but analysts could feel it could be in excess of $100 billion. update is looking relatively strong, showing that we could see the likes of second quarter training picking -- second quarter trading picking up and accelerating. revenues picked up significantly. the only slight concern is if you factor in foreign currency. the weakness there did drive d

caroline hyde is standing by. iness and an innate story -- and mma story coming back from the dead. talks withdsc and it the us-based competitor. he said we will postpone any share buyback for the next acquisition opportunity. you look at the old opportunity and it is the new one, and they agreed to a deal. uti to form a global powerhouse in terms of supply chain services and logistics. $ey will be coughing up 7.10 share dollars per share. this is $1.35 billion worth of enterprise value for being put upon the u.s. company, uti. clearly, this is going to form a big company. uti has 21,000 employees and $4 billion of annual revenue, so clearly this will be a big company being formed. let's get an investors take on that story and much more besides. we are joined by kevin lilly. kevin, in the transport logistic sector -- you own one of these businesses. kevin: in d.c. this is completely new to me as well. we own it's because we are seeing a big pickup and traffic across europe. nicely,een picking up in line with the eu

let's hit the market opened with caroline hyde. caroline: a lot of earnings.n center stage. a little bit of profit taking in caution as the federal reserve meets low expectations. just 6% probability that we will see a rate rise at this meeting. not until next year that we see the probability build above a percent. what will the bank of japan do as well? this is what investors are trying to negotiate at the moment. maybe a little bit of money coming off the table. .1%.up

caroline hyde will break it down for us. caroline: let's start with the good.ith the beat we had for the last fiscal quarter. the numbers are pretty astonishing when you dig deep into the world's most valuable company. they are up 22% profit. profits are up 31%. china's sales stand out. million selling 48 iphones in the fourth quarter. that is almost two thirds of their entire sales base. billion dollars is how much they made from one product, the iphone. that is more than all the revenue that facebook and microsoft bring in combined. china is helping to drive that scale. iphone sales are up 87% in china. it is starting to escalate from the previous year. tim cook is shrugging off concerns about the chinese economy. he said, i wouldn't know there are any economic issues in china. what about the holiday season? what is next to calm? we are expecting a record of $17 billion. 77.5 billion dollars is the top of the estimate. that is actually only 4% growth. compare that to the 30% growth we had this time last year. is slowing. they are so dependent on the iphone. i

francine: caroline hyde with the latest on some of these u.s. ex.reaking news about health care providers. seeing a big moves in owl nor. mmc health another provider here in the u.k. says it remains committed to a combination with oor.nor -- al n metta clinic international earlier this month agreed to create a giant in south africa and switzerland, dropping a count offer from nmc. nation between metta clinic and owl nor as well. share price shooting up 30%. i will keep an eye on this. manus: let's keep an eye on both of those stocks. it has been a big week for bank earnings. latest day we're going to get bank of america, wells fargo. it is a banking theme. edmund shing is with us. announced.being the funding of these deals is incredibly important. edmund: with record low interest rates, investments can be secured very cheaply. they would rather buy something off the shelf where they can cut loss and drive earnings and revenue growth, rather than take that bet for longer-term. that is my worry actually. are takinganks advantage of all of this m&a adv

caroline hyde has more. some big names walking out the door. to focus on four of them. who arethese people walking toward the exit as soon as today have been at the bank for 20 years. let's focus on how the company is reorient taking -- reorient tating itself. how do you make it more profitable? you split it in two and say goodbye to the cohead. colin fan will be leaving. michele fasiola will also be leaving. management will be focused on by a new person. stefan krause, a board member, a man who was once upon a time the cfo, is also to leave. a man and charge of compliance on the board. in terms very abused of the german regulators saying they did not do enough to crack in on the manipulation that was alleged to have occurred. for key members are leaving as the investment banking unit is split in two. anna: who is on the way up? who is filling their shoes? caroline: some new people are taking the helm and it is interesting that we are going to see four new units to focus on four key clients. he is trying to go big corporate. urwin coming to coh

that was caroline hyde outside buckingham palace.ight, let's talk to michael metcalfe and get his take. china asu.k. need to much as the government is letting us believe? michael: it is an interesting contrast to what we're talking about before. the reality is that china is still an extremely important player in the world's economy. they are attempting to grow. the u.k. is a smaller economy, so we do need the trades and investments. guy: we will come at a little bit later and continue the conversation. also, we will bring you highlights with john williams. this is "bloomberg surveillance," we are on your tablets, your phone and on bloomberg.com. ♪ guy: this is "bloomberg johnsonance," i am guy in london with tom keene in new york. as you look to everything this morning, what has caught your eye? -- always catches your eye. this is in his wheelhouse of economics. rich,lly, denmark is very something is rotten in denmark. vonnie, help me here. it is hamlet, i'm quoting shakespeare. guy: it wasn't hamlet who said that. vonnie: you are wa

caroline hyde has more from london. ne: the world's biggest beer battle as ab inbev raises its battle -- its bid once again for sab miller. ab inbev, the world's number one rumor, sweetened the deal by just over 3% to try to win over london-based sab miller. 43.50 pounds per share is still some way off the price tag of 45 pounds that sab miller wanted to see, according to negotiations. now the ball is back in as a the miller's court. they claimed the previous offer substantially undervalued that company. the clock is ticking on a deal to be struck by ab inbev, sab miller, and its key shoulder -- key shareholders by 5:00 p.m. wednesday. otherwise it needs to agree to extend the negotiation. otherwise, ab inbev will have to walk away for six months. angie: angie: it is 7:30 hong kong. a live look at the observatory tower. it is a beautiful, bright, blue sky. not a cloud to be seen. we are 30 minutes away from the open of trading in japan and south korea. you are watching "first up." ♪ angie: the top stories this hour emche

jonathan: caroline hyde, thank you very much. volkswagen's u.s.will tell a congressional committee in washington that he has known the problem for 18 months. theadmissions may affect fines of the environmental protection agency. let's go out to berlin. hans nichols has more for us. just what did the u.s. executive know and how long has he noted for? he is known since the spring of 2014 of the emissions noncompliance issues. that is what he submitted to the house committee. the night before, they submit their testimony. a lot of the news gets licked out, and the day is filled with tension because lawmakers are trying to get an exacting cost on to the ceo. in this case the head of north american operations. ofer in 2014, i was informed the technical teams had a specific plan for remedy to bring the vehicles and compliance. a were engaged with the agencies. the head of north america did not know the device was installed. we'll get the epa side of the story. they are indicating that the -- here's ahe levy quote from them. they say the agency continues

caroline hyde with the latest. very different companies. manus: completely. talk more about china and emerging markets in the changing trends the slowdown has affected, the head of strategy at brand union. great to have you with us. we look at burberry as though it was the shining star in terms of what it was doing, in terms of emerging markets and the china story. speedbump reality. the presence in china is a bit of a drag. from a brand perspective, what is the issue? >> i think if you work in branding, it is quite nice not to hear about burberry. been the case study of emerging markets for so long into to be honest it has done so many things right. it has innovated hugely when it comes to digital, it has really understood the chinese has understoodt how to dial up those qualities. ways, therein many is a market and an environment that they haven't been able to control. the fact that the government in china has been inducing so many anticorruption lives has meant that the entire luxury market as a whole has gone down. it used to be that burberry was bought b

caroline hyde has the details. this comes, it will be a beltre. roline: it will be a juicy price tag. more than $60 billion for the data storage company. an 18% premium above where the share prices grilli trading. but it is a, kate a deal. you have to get the nuts and bolts of it. we understand that there is a $25 price in terms of cash that could go up to $27. but just over $25 is what our sources have been telling us. but there is a new security being formed, the so-called collar, a way of protecting the sellers from big fluctuations in price, $88 for vmware. that is a software provider that is controlled i emc. it helps run your software more efficiently on storage and networks and servers, and it is controlled. therefore we see a little bit more complexity. is all of this complexity trying to soothe one key investor, one key activist investor, elliott management, who has been trying to push for emc to split itself up and create more value. let's have a look at what value it brings to dell. two years ago it took itself private to do exactly this

manus: caroline hyde, thank you very much.et each of to speed with the rest of our radar on the pulse. interest has left rates unchanged for the aussie dollar, reported the biggest drop among currency -- among major currencies last quarter. a weaker outlook from its key trading partner, china. they kept the cash rates at a record low of 2%. that was predicted by market economists. shell says it is pulling out all stops, safeguarded dividends, and a world where oil prices remain lower for longer. europe's biggest oil company is also protecting its plan to buy back shares. those are your main headlines this morning. just want to bring you a little bit of breaking news. this comes from opec. they are in disarray. the market is in a cycle. opec and not opec nations must cooperate to remove the overhang. those are a few breaking lines from opec. it is bloomberg's most influential. mr.s handed over to micklethwait. >> we have to ask ourselves is the world moving at a different pace than we thought week -- then we thought it would ba

bloombergs caroline hyde is outside of buckingham palace where this evening the president will be honorednner. caroline: the red carpet has been rolled out for the present of china and his wife. the royal family hosting him at buckingham palace and then got the u.k. government looking him to the houses of parliament to speak with mps and lords. this is all about economic tid s es, about $46 billion with a deal set to be announced over the course of this trip. concern andll some protests on the side about the human rights reputation that china has. there is perhaps pressure on the steel market here in the united kingdom. at the moment, this is about forging relationships with the energy sector and the financial sector here in the united kingdom. with that, i hand things back to you. betty: that was caroline hyde at buckingham palace. i want to head back to london where ryan chilcote is standing by with more. before we get to out the european markets closed, tell us how important this visit by chinese president xi jinping has been to the u.k.? it's been a very important visit and we heard m

stronger-than-expected sales, caroline hyde has been taking a closer look.e useful when you trying to pull off one of the biggest the deals in history that your numbers look pretty ok. they do look pretty good, trying for $106 billion. organic volume, that is stripping up foreign-currency -- it beat analysts estimates. in the volume of beer being drunk, they sell budweiser, mexico drinking much more than previous. latin america as well, that is just one area. the north a latin america it really is an area of outperformance across the board. they are now saying this is helping, we so again it revenues up some 7.9%. therefore, they say going forward we will actually beat inflation. inflation andbove our overall profitability. that is better than previously forecast that. it looks like it is pretty iffy looking at anheuser-busch overall. they're facing some headwinds. be a look for china, they said the industry will not be growing for china. the rest of the industry, but the industry is struggling as the consumer faces a few headwinds in china. meanwhile, certa

caroline hyde has the details. they comes just before the deadline. caroline: it does. the clock was ticking down for ab inbev to bring sab miller to the table, and to compromise -- and compromise they have, over 68 billion pounds. finally they struck a deal -- you will be bringing together budweiser, one in every three beers sold will be by this juggernaut. you'll have to be offering 48 pounds per share, a 50% premium. meanwhile, they extend the deadline. the deadline was looming for tomorrow, and now they are going to extend to october 28 to really start and. the a's and the i's and cross the t's. regulatory approval is going to be a key issue and this is why we have a massive of $3 billion fee if the regulators block this. if you have one in three beers sold, half of the prophet of the entire beer market, regulators could start to clamp down. this is what we are expecting assets to be sold in china and the u.s.. partial share alternatives -- this is to lou are the biggest shareholders of sab miller. colombia's-- santa domingo is a family and they own 15% of the share

but you futures up desk ftse .utures up -- ftse futures up let's wrap it up with caroline hyde. this friday? we move toward the open. hong kong as to stimulus. that helping to recover from yesterday. i selloff amid the gloomy manufacturing data we got out of the united states yesterday. not voting all of that will for the jobs data later today. 200,000get in excess of -- will we get in excess of 200,000? payroll lacking when it came to the overall view of the market. the cac jumping more than one percentage point. the big recovery happening in mortgage.ina, helps it helps with stimulus.

caroline hyde at buckingham palace in london. a major shakeup in banking across the world.any executives believe regulations are partly to blame. jamie dimon was here yesterday for an exclusive interview. here is what he had to say. jamie: they are exhausted. they are trying to implement the job that they have been given by legislators. they know thereare too many rules and they want to make it simpler. over time it will probably happen, but not the next couple of years. stephanie: i want to welcome megan murphy to the table. bob diamond, ceo of atlas merchant, is still with us. jamie dimon says we are exhausted by it, the regulators are exhausted by it. he said privately, are we really going to get something done? , sure, therelike are all these announcements and decrees we are going to do this. what he says i do not know if there will be any of this implemented in my career or my lifetime. behind the scenes, regulators are saying the same thing. is all of this kind of a joke? he has an incredible business. it is not a joke. there are other banks that have done less well.

caroline hyde's been taking a closer look at the numbers. caroline: it is a friday.oo early to think about your budweiser, your stella your later, becausear this is what is driving volumes for ab inbev. help the when you have a huge of a neighboring. and 1.5% growth in volume. that is stripping out m&a affects and foreign currency effects, we see 1.5% growth. it was a beat. they are managing to see growth in mexico -- double digit growth. latin america, the south area doing well. and we are seeing u.s. outperform as well. notably, it is about going premium. the more expensive brands. morea and goose island, premium labels are driving revenue higher. organic revenue up 7.9%. so good, they are raising their forecast. revenue is going to grow faster than inflation this year. much optimism coming from ab inbev. there is all some some downsides and headwinds when you dig into the overall report. we see no industry growth in china. they are saying they're going to outperform the rest of the industry, but china is weak. they are not seeing any growth this year. also, they h

caroline hyde has been taking a look. caroline: is jack back?s jack the man who, of course, helped found the company, sent the first ever tweet who was ousted in 2008 and seven years later, will he about to get his steve jobs moment? a man he admires. who left applen and returned as chief executive to lead it to great things. re/code is saying he will return as permanent chief executive. interim ceo since june, top of the internal candidate list, we understand. the pressure has been building. three months more than three months he has been interim chief executive. they need to make a decision. will it be him, someone else? we saw a record lows in the his stock. executives were leaving. they need to study the ship. re/code does put some caveats in the headline. look, their other key executives they need to seal the status of first. the head of revenue. will he become coo? adam bain? and the cfo? costolo stood down in july. will he leave the board? they have three x ceo's. -- three ex ceo's? will jack dorsey remain the chief executive of square, a

caroline hyde joins us now at the buckingham palace.you think the benefits will be felt the most? mean, phenomenal stats. 30 billion pounds worth of deals and 4000 jobs created. every sector is set to win out. this retailer already has a presence in china. we are expecting one billion pounds worth of deals, to help other retailers export to china. then, they can manage to sell goods to the consumer in china. struckill be big deals in infrastructure as well. this will also occur with technology. and itoing to be energy is going to be finance. if you think about the energy deals we have already hard about, the chinese are already helping not only finance, but build and design new nuclear reactors in the u.k. we have already seen 40% of the financial guernsey market in the u.k.. to be thee yuan trading hub here in london. already, we see the central bank of china, the pboc, selling the yuan denominated debt here. the government is selling sovereign debt here in the u.k. and we are already winning out. caroline, what is planned for the day