together feared chrysler and france's p.s.a. will employ 400000 people analysts say the tie up could allow the french carmaker to break into the american market where it is not well established and could benefit from crisis position but they may face more challenges in asia where both companies are not seen a strong players and neither field tries to nor p.s.a. has a leading premium brand like some of their competitors the 2 companies say the merger will help them address future challenges such as the move to electric vehicles. in france we've just seen that ranking the new car giant then the making is not that far behind the world market leader so is it time for folks and others to be afraid. well you had certainly in the mass market this new large competitor is not to be underestimated but i have to say generally among analysts for the car sector this merger is not perceived to be one of 2 strong players in the market that combined will form an even higher and stronger player this merger he was working on it in a sense the tea

peugeot psa group teaming up with fiat chrysler.n europe are trading at these levels at the moment. i had a look at psa group shares, about ten minutes ago, they are up 2.6%. fiat chrysler shares not up as much, by a quarter of a percent, but that is the market reaction to that big merge news in the car industry. sally, thank you very much. now to the us, where samira hussain has an important question for you! what did you have for breakfast this morning? well, if you said cereal, then you certainly aren't alone. here in the us, americans consume more than $8 billion worth of cereal every year. but investors in general mills, the company that makes cheerios and chex, will be more focused on what's in your pet's food bowl than yours when the company releases its earnings later today. now, that's because last year, general mills bought blue buffalo pet products, as a way to diversify the products it sells. both people and their pets have been moving to healthier natural food products, and general mills is banking on the love of our fo

group and fears chrysler wants to join forces to create the world's 4th largest car producer we give you the details also coming up the u.s. congress has voted to impose sanctions on companies working on the controversial north stream to pipeline. i want to go jones and this is deduct your business live from berlin welcome starting with asian markets edged up to day but investors appear to be taking their foot off the pedal after the recent trade deal fueled a rally hong kong's hang seng index climbed just around north point 4 percent today shanghai blue chips with steady as beijing trimmed another short term interest rate china has an economic growth target for this year of between 6 and 6 and a half percent for the 1st 3 quarters it was sluggish with growth just above beijing's bottom line. so let's stay with china for a moment and bring in our correspondent in taipei its own home so good to see you g.d.p. slumped to 6.2 percent in the 1st 3 quarters of beijing's bottom line of course is 6 percent something of a symbolic number in china can you tell us more about that. well the g.d

together few at chrysler and france p.s.a. will employ 400000 people analysts say the tie up could allow the french car maker to break into the american market where it is not well established and could benefit from crisis position but they may face more challenges in asia where both companies are not seen a strong players and neither fia tries to nor p.s.a. has a leading premium brand like some of their competitors the 2 companies say the merger will help them address future challenges such as the move to electric vehicles. if it. is a chinese trojan horse or the target of a smear campaign built on western anxieties over china while way as one of the world's most important suppliers of 5 g. network gear and it's fighting for its reputation in an exclusive interview chairman young quad's hold the view that the allegations against his company are simply unfounded. it looks like a renaissance castle in the middle of europe but it is actually only a modern replica and part of the research and development operations at china's tec

together for at chrysler and france's p.s.a. will employ 400000 people analysts say the tie up could allow the french carmaker to break into the american market where it is not well established and could benefit from fia crisis position but they may face more challenges in asia where both companies are not seen a strong players and neither field tries to nor p.s.a. has a leading premium brand like some of their competitors the 2 companies say the merger will help them address future challenges such as the move to electric vehicles. boeing's announcements to suspend production of its ill fated 737 max jets come january has left many suppliers and employees wondering about their future hundreds of companies and tens of thousands of jobs are affected in the u.s. alone. it's an especially slow day at the sandwich shop in renton washington near the boeing plant so shop owner key at least has time to hear the concerns of this boeing employees. or you can see it's not going down. it's good but hopefully will be lost in the weight off i

we turned to fiat chrysler for comment.erson said, "we are providing nhtsa with our full cooperation." in the past, fiat chrysler told us its vehicles "meet or exceed all federal safety requirements." it continually monitors the performance of vehicles in the field, responding accordingly, and customer safety is paramount. shawn, barbara, and elizabeth all told us they feel a headrest recall is in order. elizabeth: it's kind of like having a time bomb or a loaded gun behind your head. you just don't know when it's going to go off. chris: if you've had a headrest burst open unexpectedly, the national highway traffic safety administration would like to hear from you. you can contact those investigators at safercar.gov. coming up, 30 years after the loma prieta earthquake, are you ready for the next big one? we'll introduce you to the quake coach next. ♪ the loma prieta earthquake. there's no way to tell when the next big quake will hit so you've got to be ready at all times. but are you? we found a local businesswoman who wil

the contract includes fiat chrysler investing $9 billion in u.s.n or retention of 7,900 jobs. it is similar to agreements at general motors and ford. fiat chrysler was the last of the three major automakers to close its contract with the union. >>> toyota is recalling certain prius models due to a speedometer malfunction. it involves 3,800 2019 prius hybrid hatchbacks. the automaker says an electrical glitch could cause the speedometer and fuel gauge to become inoperative. toyota says the problem could divert drivers' attention, increasing the risk of a crash. owners can take their vehicle to a dealer to be checked out. and if needed, the problem will be fixed for free. >>> glassdoor is out with its annual list of 100 best companies to work for based on employee reviews. in the top five, software company hubspot, bain and co, docusign, in and out burger and sammons financial group. two dropped out of the top ten. google dropped, facebook dropped from seventh to 23rd place. apple fell from 71 to 84th. microsoft moved up from 34th to 21st place. >>>

detailsd hear about the between the owner of fiat chrysler and psa.to remain -- the fiat chrysler to remain chairman of the combined company. we expect the current ceo of psa group to be the ceo of the new entity and this company should be based in the netherlands but listed in paris, new york, and milan and it would create the fourth biggest automaker in the ,orld behind volkswagen, toyota and the renault nissan alliance. vonnie: what obstacles to the merger remain in place? we have seen a few obstacles along the way. one of the big obstacles is the french state. remember in june, the french state was responsible for making the renault and fiat merger fail. this time, according to bloomberg sources, this deal should have the backing of the stake state who owns 12% in psa group. another obstacle could be psa groupareholder of , the chinese, who went into the psatal of psa in 2014 when was struggling. according to bloomberg sources, this would be sold, at least partly, and the family could buy parts of these dormant stakes of the french stake. we will

seeing huge opportunities to share platforms with fiat chrysler.hina is an opportunity for the company, and also saying it does not cover long-term governance and we do not expect issues of antitrust. those are some of the lines coming in from tavarez. fors: jackie, thank you bearing with us, and your patience on that. i am interested to know about the positioning as the market is concerned. you have this euphoria, the ramp up, now a real dose of political reality, one could say, from boris johnson. how do you think the market is positioned? i think the market is positioned really well. one of the things i was going to say was that the u.k. could see a little bit of a flurry of dealmaking. there has been real caution this year, you see it in the market becauseerms of m&a people were not willing to go ahead and do transactions because they were concerned about the outlook. there is certainly a much clearer path and you could argue there is some good value. we are expecting an increase in m&a activity. again, that is an interesting story this morning

we've got the psa deal for fiat chrysler.ombined will become the world's fourth biggest automaker by sales, not in terms of market cap, of course. they are still a smaller company manymany out there -- than out there, volkswagen, general motors, toyota, and tesla. delivery businesses in europe could be and focus today after fedex cuts its profit outlook, the second consecutive quarter admitted -- amid weak international demand and higher investment that we have heard this negativity from fedex. deutsche bank analyst describing the numbers out of fedex as breathtakingly bad. -- deutsche bank is describing the numbers out of fedex as breathtakingly bad. startect weakness at the of trade today. ♪ what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass.

fiat-chrysler shares are up.p.hey had alrlready jumpeped when details of thidealal were firsrt announceced back at the end ofof october. not such a majajor reaction in e markets today. shares in psa up by 1.3% in paris. >> what about the rest o of the marketets? >> it is a m mixed fixture on te european stock markets. small gagains in parisis and in frankfurt. we are also keeping an eye on sterling on the currency markets, c continuing to slide against ththe dollar and the e . it took a tumble after boris johnson madeoves to ststop the extension of the t transition peperiod with ththe eu. thth has p prompted fears of another cliff edge.. the pound has wiped out all the gains it made since the election last thursday. >> in the u.s. house of representatives, they have approved a spending package for the next year worth $1.4 trillion. >> includes a significant increase in defense funding and tax cuts on high cost health insurance policies. it also gives the trump administration study funding for the border fence with

chrysler for instance is very strong in the u.s. it's not very strong a brand in europe and so they hope in that survey can use the leverage the p.s.a. . to sell their cars and similarly p.s.a. which makes persia doesn't have to have a presence in the u.s. market so they're hoping that they can sell more cars in the u.s. all right ali thanks for breaking that down thank you now an earthquake has rattled southwest china but injuries are being reported in province a magnitude 5.2 tremor hit the city of need students under their desks as you can see and warning commuters ran from train stations emergency crews are checking buildings for structural damages. australia has experienced its hottest day on records temperature across the country and shoes there was nearly $41.00 degrees celsius record could be broken ones day as it's only the start of the southern hemisphere summer the searing temperatures soaring temperatures have made things worse for crews dealing with more than 100 bushfires in the eastern state of new south wales far as

of chrysler will help them. to rein. this is al jazeera these are the top stories the u.s. president has been impeached members of the house formally charged with abuse of power and obstruction of congress a trial in the senate is expected next month. a great day for the constitution. a sad one for america that the president's reckless. having. something. to. vision that backed down. sacrifice of our men and women in uniform to defend our democracy and that it. and the aspirations of our children that they will hold for democracy and that we have tried to do everything we can can make sure. that. well trump is calling those impeachment proceedings an attempt to true he says it's a desperate effort by the democrats to win the 2020 alexion but you are the ones interfering in america's elections you are the one subverting america's democracy we did nothing wrong nothing whatsoever this is just an excuse. you are the ones obstructing justice. you have the monster bringing suffering to our republic for your own selfish personal political and partisan. philippines' top court has

of chrysler hope the alliance will help them handle a certain to rain the park al jazeera london. this is al-jazeera these are the top stories u.s. president donald trump has been impeached after an 8 hour debate members of the house formally charged him with abuse of power and obstruction of congress he will now face a senate trial next month. a great day for the constitution of the united states a fad one for america that the president's reckless activities etc take off our having to introduce our open. i do this if this all a something that we did to honor the vision of our founders to establish for the public the sacrifice of our men and women in uniform to defend our democracy and that republic and the aspirations of our children that they were old war and democracy and that we have tried to do everything we can can make sure. there will be. trouble call those impeachment proceedings and attempted to he says it's a desperate effort by the democrats to win the 2020 election but you are the ones interfering in america's elections you are the one subverting america is the marker

market with chrysler and jeep. however, two legal obstacles remaining. one with italian authorities and the other with chrysler being accused by general motors of bribery. the company has denied wrongdoing. anna: thank you very much. more on the car story in a moment. let us get to robin matheson. an important day in u.k. politics. boris johnson is going to amend his rights it deal to guarantee that this is not extended. italian the government's hands making it more difficult for him himself to delay brexit. >> it is interesting because in the last few days there has been a lot of conversation regarding the bluster of boris johnson and how it was just that for him to win the election. making it very clear that he will drive a hard bargain with the eu and he will exit the eu at the end of january and then there will be a short phase of negotiations. areeither way he says we done by the end of 2020. that still opens the door to the idea of a no deal brexit. if they get to the end of next year and the arrangements are not set, the alternative will be to hav

see inr, they could italy for allegedly undervaluing chrysler as a purchase.ean markets are up as optimism persists over a trade deal. we get stimulus news out of japan. joining us on the set is john roe, head of multi asset funds, legal & general investment management. what is your take? i want to ask you about the most recent twists and turns of the trade war, if we can still call it that. do you expect a phase one deal done this year? john: there is a strong consensus that is overdone, and we saw in may there was a lot of talk behind the scenes progress, had almosttrump unilateral decision-making to make. there is not much evidence, it is a narrative being creative that we call trumpilocks, he claims he will have a trade war and tricks the fed it to henging policy, then once changes policy, he does not have a trade war. it is a nice narrative that it suggests a lot of planning, and he is more in the moment decision-making. on the u.s. economy has not been that big, a few tenths of a percent, and not a strong need for him. the chinese weakness is domestic ra

we have seen this with fiat chrysler as well. pay 40 bill $40 million in september to settle this. not huge amounts of company for companies this size but an embarrassment. anna: thank you so much. boeing's airbus and on the bmw story. markets will be closing early in the u.k. and france. this is bloomberg. ♪ >> for the news of china, japan and south korea. everything from trade is on the agenda. we will take you there live very shortly. boeing drops its pilot. david calhoun will replace as the new ceo. and bmw sales pro. the german automaker is being investigated months after fiat chrysler paid a penalty for a similar issue. ♪ >>

activity that's going on in the space chrysler and go have signed a 5050 merger deal that will unite some of the most recognizable automobile brands under one company so how is this going to make the these companies more competitive in space. i think it's going to be great actually i think is a better move for chrysler to merge with peugeot or p.s.a. versus going with re no in mitsubishi and nissan and the reason for that is well 1st off there's an interesting story behind it i'll give you the short version is that john elkan who also met with robert peugeot for dinner just a couple nights before all this happened and they agreed they're old family friends but also friendly rivals from the 1890s that they would work together rather than fight each other to share platforms of technology and engines and drive lines in this regard to sharing instead of being enemies being friends means opal pujo and chris are brands g. bram and so forth chrysler will all work together that's good and that will make them the 4th largest car manufacturer and they will be competing against reno mitsubishi

fiat chrysler promised $9 billion in investment and that it would create 7900 jobs.of lululemon lower after another quarter of double-digit sales growth, but that wasn't enough to boost the stock has already almost doubled this year. the market expected lululemon to be flawless. that is your latest bloomberg business flash. we saw a nice bounce at the beginning of the session, holding for the most part, although author highs of the day. 1%.s&p 500 up about 2/3 of the nasdaq still up 0.5%. guy: european stocks are higher. we are up by anywhere between 0.5% and 1%. the ftse 100 outperforming slightly. cars, sector resources being bid. on the bottom half of the market, it is the bond proxies. utilities, food and beverage, real estate trading lower. the european close is coming up next. we will analyze all of the action today. this is bloomberg. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyon

the german automaker comes under months after fiat chrysler paid a penalty for similar issues. ♪ it isbloomberg daybreak: europe." a warm welcome to the show. five days of misery on the pound seem to have come to an end. we have given down -- given back the boris bounce. it will be a jagged path. $1.38, squeeze out to about $1.40 by the end of 2020. he does not see political brakeman ship ending anytime soon. 500, irrational exuberance for 2020. that's what we need to ask ourselves on the s&p 500. consumer spending is strong. new-home sales, you saw the best three months since 2007. i always get very nervous when people refer back to 2007 and 2008. catherine man has a warning from citi. china is stepping up measures to support the economy in 2020. it is a multi prong policy drive. tariff cuts on goods will be delivered and it is supporting the domestic consumption. selina wang with me from beijing. good to see you. a little bit more on this. give me the details. >> we are getting sort of a blitz of news around some policy measures that china is looking to take to bolster the economy in

unfit chrysler aiming for annual cost savings of $4000000000.00 by combining technology the companies say there are no plans to close factories but britain's biggest union is already seeking guarantees for the vauxhall brand and analysts say jobs could be at risk the numbers may don't add up they have a significant learning curve if you like in terms of cutting their emissions and investing in electric vehicles the meeting climate targets while at the same time only making savings of 3700000000 euros they're going to need to know for a lot more investment to address those challenges the entire industry is steering rapidly away from fossil fuels car makers such as tesla have been leading the pack with a new generation of affordable electric vehicles other big name brands are quickly catching up but it takes expensive research and development to remain competitive the car industry is at a crossroads p.s.a. of chrysler hope the alliance will help them humble in a certain due to rain the park al-jazeera london and so for me the team here in london now is back to do. well we are now about

an incredible story of success of fiat chrysler.f new carmaker is born out two carmakers which are struggling. if we take a view of some of the car problems or challenges the industry will have to face, there is still the trade war, the rules regarding co2 emissions and then there's a lot of things looking at weaker volumes. how will this m&a story help? these are a response to those issues. job issions for sure the better equipped than fiat to tackle the new admin -- emissions rules which mean more hybrid and electric cars -- and electric cars. on the lower volumes and higher standing, if you join forces you essentially share investment that you can cut costs and save a lot of money with something not so sexy for your customer the council ought in the balance sheet. >> thank you so much. car manufacturing is one of the sectors most buffeted by 2019's trade war. recovere deal will see or will art -- are we set for another year of tensions. we are joined by the chief macro strategist at the credit focused multi-asset manager seek u.s

chryslerator find fiat $40 million over similar problems.ith daimler over the u.s. luxury market. tesla shares hitting a record high. the automaker has secured $1.4 billion in financing for its shanghai factory. the deal with chinese banks comes as it prepares to begin deliveries of model three sedans. tesla hopes it will help them build on recent momentum in china. that is your bloomberg business flash. anna: boeing has ousted its ceo. the embattled lane maker named david calhoun -- plane maker named david how could -- david calhoun. this is the latest twist in the turmoil surrounding the grounded 737 max. johnson,s is guy follower of the aviation sector. is this a change that following need? -- boeing needs? guy: possibly. shifting ceos does not guarantee success when it comes to getting the 737 max back in the air, or in getting a better relationship with the faa, however it does provide a fresh face for those conversations to move on a little bit better. the faa relationship is critical. addressed thisrg problem from the wrong perspectiv

the big i would say here to a vast now it's a race against time to try and face a species like a chrysler as an emergency plan to stave off extinction techno on all jazeera. this is 0. and this is the news hour live from coming up in the next 60 minutes. it is tragic that the president's reckless actions make impeachment necessary he gave us no choice preparing to make us this call history the house begins a debate that could see donald trump become only the 3rd u.s. president to be impeached. we don't talk a lot about a president who will talk about 2 articles of impeachment abuse of power because they can't actually pin anything a factual basis on you know the president did nothing wrong while republicans continue.

group on fears chrysler wants to join forces to create the world's 4th largest comp producer we give you the details also coming out the u.s. congress has voted to impose sanctions on companies working on the controversial north stream to pipeline.

being seen as a boost for both psa which owns peugeot citroen and- bell and fiat chrysler in order to help deal with the global downturn in the car industry. under pressure to reduce carbon emissions french finance minister has welcomed the deal is good news for the industry as a whole and france in particicular. this is very good news for the fririend's car industry because it will make it possible to create the fourth largest car industry in the world. with just over eight million vehicles to be produced each year. why is this always importance of quite simply. becaususe it allows financial leeway to invest in autonomous and electric vehicles a kick. finally some of the biggest names in silicon valley are joining forces to make your life at home a little bit easier. apple amazon and google have announced they'll be developing a common technology standard to make their smart home devices more compatiblble. essentially it means it should allow digital assistants like alexa and sciri communicate with connected devices even if they're not all from the same company. at charlie i think it

the fee at chrysler agreement must still be ratified by u a w workers. also cyber monday.idered to be one of the biggest shopping days of the year, but the better business bureau wants to remind. mine shopping has its risks. the bureau is warning to watch out for false advertising and look-alike websites so keep your anti-virus software up to date so you can detect any non secure websites and pop up phishing scams. also price check before you buy use your credit card because if and the shaded shady charges turn up later on in your statement you can always dispute them. debit cards don't offer the same protection. >>we are now less than 24 hours away from a huge matchup in baltimore jimmy groppe alone the san francisco 49 ers taking on lamar jackson and the baltimore ravens 2 of the best teams meeting and the nfl san francisco blew out aaron rodgers and the green bay packers. last week by 29 points. but now they have an equally greater task and containing and overcoming jackson who is quick and as i can and i'm on arm should the niners come out victorious in baltimore with

rival sphere and chrysler and persia will to margins the world's 4th biggest carmaker leaving unions worried about job losses. their warm welcome to the program india's top court house possible hearings on a new citizenship law that's provoked protest and violence nationwide the judge's decision brought more demonstrations in new delhi they want more details about the legislation from the government before considering a petition the won't happen until january well the law makes it easier for people from afghanistan bangladesh and pakistan to gain citizenship but it excludes muslims critics say that's like discrimination by a government they accuse of driving a hindu nationalists agenda while 4 people have been killed in demonstrations since the law was introduced but prime minister narendra modi is refusing to back down will surprise sharma is executive editor of school daughter in an independent news website she joins us on skype from mumbai supriya very warm welcome to the program the government claims that this amended law only concerns undocumented migrants and indian muslims he

chrysler has signed a merger agreeing that with p.s.a. a deal that would potentially create the world's 4th largest automaker some analysts say the $47000000000.00 deal has the potential to reshape the global auto industry when tomorrow we're joined by. in toronto so alex tell us about this matter. we have the tally of american automaker fiat chrysler joining up with p.s. a better known for their brands such as peugeot and citroen of course it's a french company this is for a few reasons that these 2 companies are merging together they hope that the merger will help them deal with the global industry needs at this point which include making more fuel efficient cars as well as making electric cars moving away from gasoline as well as the challenge of just simply that there's a downturn in car sales so putting these 2 forces together should give them a little bit more strength moving forward now the combined goal of the 2 companies is to sell 8 point $7000000.00 vehicles annually that's pretty much what they're doing now when you take the 2 companies and put them together they could have

we have the tally of american automaker fiat chrysler joining up with p.s.a. better known for their brands such as peugeot and citroen of course it's a french company this is for a few reasons that these 2 companies are merging together they hope that the merger will help them deal with global industry needs at this point which include making more fuel efficient cars as well as making electric cars moving away from gasoline as well as the challenge of just simply that there's a downturn in car sales so putting these 2 forces together should give them a little bit more strength moving forward now the combined goal of the 2 companies is to sell 8700000000 vehicles annually that's pretty much what they're doing now when you take the 2 companies and put them together they have the capacity to build $14000000.00 cars but just under $9000000.00 mark is what they're looking at if they do manage to get that they will be the 4th largest automaker one maker in the world after volkswagen toyota and renault. nice and now they're marked advantages for this merger are as be

to chrysler and durrant, founder of general motors. this big, exciting boom in manufacturing and the automobile industry was huge, particularly in southeastern michigan. at the same time, though northern part of michigan was still largely farming, but the advances in technology, particularly the vaseline -- the gasoline engine, resulted in new technologies like the motorized tractor. other breakthroughs really helped usher in a new era of farming in michigan, allowing family farms to grow into sustainable businesses. early in the 20th century, almost 25% of michigan farmers were dairy farmers. so while the factories are booming and southeast michigan, we have farming on a larger scale happening. so both worlds existing simultaneously. we have now moved into the part of the museum that talks about michigan during world war ii, particularly the war production that took place. in 1940, right before the u.s. entered world war ii, our president, franklin d. roosevelt, put a call out. pres. roosevelt: we must be the great arsenal of democrac

could continue to see that trend of sick clith outperforming the market >>> new this morning, fiat, chrysler and peugeot reaching a binding agreement over a roughly $50 billion merger set to create the world's fourth largest automaker and put brands like fiat, jeep, dodge, maserati and alpha romaine owe under one roof as the companies work to come up with a new name. >>> the house yesterday approving a massive $1.4 trillion spending package it could stave off a looming federal shut down and fund uncle sam through september 2020 the senate is expected to vote this week before friday's deadline and on trade, the house committee clearing the way for the new north american trade deal the usmca setting up a deal in the full chamber tomorrow. the senate plans to ratify the hearing after it holds the january trial on weather to remove president trump from office >>> fax ex ceo and what he told analysts on a call last night. and why shares of pg&e are higher as they continue to deal with the fall outfrom the california wildfires and its bankruptcy later, room to run and the consumer the stocks our g

and rivals feel that chrysler merge into the world's 4th biggest carmaker. it's 1400 hours g.m.t. 9 am in washington d.c. where members of the u.s. house of representatives are convening for a debates and vote that's all but certain to end with the impeachment of president donald trump and that's because trump's opponents in the democratic party have a majority in that chamber of congress he then faces a trial in the other chamber of the senate's where his republican party holds power and there are 2 thirds of senators would be required to vote in favor of her moving him from office highly unlikely as things stand and trump has again lashed out at the democrats the scribing the impeachment process as an attempted coup in a moments will speak to our white house correspondent kimberly how if at 1st over to castro who's on capitol hill where the votes will eventually take place heidi but right now we understand there is a debate going on. so just talk us through what's happening now and what we expect to see in the coming few hours. shorter range so the full ho

fiat chrysler up about 0.2%. these discussions have been going on a couple of months now. it is a case of confirming what had been in the pipeline for the last couple of months. let's get out to the analyst of the automotive sector. i want to ask you about the big take of price this morning not so much for fiat chrysler. >> it has been in place for weeks and months now, really the company would have indicated that it would progress into the former alliance. i don't think the market is particularly surprised >> one of the things they said is that they achieved $3.7 million a year. where do you think those are going to come from and how re realistic is it to think there will be no plant closures. >> the plan about a decade ago to create a much bigger car company. he was always looking to partners from that point platform sharing as well of psa particular vehicles. that and purchasing as well as another big area where you can save money joint vehicle programs as well 40% in savings and in the costs of staff in terms of the plan closures, you've got to be careful about things

are claiming that they undervalued their supplies unit by $5 billion in 2014 when it merged with chryslertime, to the netherlands and london. tax itto pay a 27% exit it means fee it could be asked to pay as much as $145 billion in extra taxes. fiat is denying any sort of miscalculation and saying that they don't expect this to have a material impact on them because they have so many losses in the country. they can offset the eventual payment by credit that they have with ♪ taxes. ♪ >> unicredit has announced a big revamp. they have unveiled plans to launch a 2 billion share buyback. that will take place in 2023. 8000eo has also announced job cuts, 9% of the workforce. what do you think the market will make of these two banner headlines? >> certainly, the plans got plenty of sweeteners in it. they are giving investors reasons to stick with the bank. the payoff is going to increase in 2023. it really depends on whether they consider this generous or maybe short of expectations. show that they are still in repair mode. cutting costs and bad loans. that is still a work in progress. it should

yet chrysler and general manufacture appears a group of announced that their boards have signed a binding deal to merge the 2 automakers the new company will be the world's 4th biggest auto concern. while hundreds of thousands of people have taken to the streets in france as labor unions extend nationwide strikes against very unpopular pension reforms police fired tear gas in paris and as the action escalated the hardliners he says it coordinated power outages and widespread disruption teachers hospital staff public employees joining transportation workers for the 3rd day of mass action this month now despite the growing pressure president mcchrystal says he is determined to press on. every day for 2 weeks has been a nightmare with unruly crowds trying to force their way onto the few trains or buses still running commuters from the outskirts of paris feel it most george lopez barely managed to make it to work today he's frustrated too so from these old forfeits the government and the unions are behaving like small children constantly blaming each other and it's working people have to play

the boards of french carmaker psa, the owner of peugeot and fiat chrysler, in separate meetings on tuesday a $50 billion merger, according to unnamned sources .a formal announcement of the merger, which would create the world's fourth largest car maker is expected later on wednesday. a nearly $731 million tax break helped anglo—dutch oil major shell avoid a coprorate income tax bill in the uk last year, the financial times reports. the newspaper said such write—offs could continue for years. the tax break is used to defray the costs of dismantling oil and gas rigs in the north sea. shell's chief financial officer said the company complies with the applicable tax laws "in all the countries and locations in which we have a taxable presence. " the british pound has now shed all the gains it made —— that's it for the business briefing this hour. chemotherapy drugs could become more effective and have fewer side effects, according to doctors at a hospital in surrey. although the trial at the royal marsden is still at an early stage, acoustic cluster therapy aims to help anti—cancer drugs target

fiat chrysler's unionized workers in the u.s.e a new contract. 70% of workers approved of the deal, the last of three agreements negotiated this year by the uaw. fiat chrysler promised it would add 7900 jobs. for all the star wars fanatics out there, there's one more day to get a bid in for vintage memorabilia from the movies. the sotheby's online auction includes an imperial stormtrooper helmet from 1976 with an estimated price tag of up to $77,000. there are also autographed movie posters, action figures, and props used during filming. not so coincidentally, the latest movie "the rise of skywalker" opens next week. that is your latest bloomberg business flash. guy: let's talk about what we've got coming up next. founder of achilles management telling us where he sees opportunities in today's and tomorrow's markets. looking for to that conversation. tonight, we bring you special coverage of the u.k. election here on bloomberg. polls close at 10:00 p.m.. that is when we kick off our coverage, 5:00 p.m. over in new york. quickly s

deal has been announced in the car industry it's your create the world's 4th largest manufacturer chrysler and p.s.a. owners of prisoner in france have agreed a $34000000000.00 merger both companies have assured production line workers but no factory closures are planned francis prime minister says his government will go ahead with pension reforms the spite nationwide strikes thing crude raising the retirement age from 62 to 64 those are the headlines al jazeera world is coming up next. football is played in enjoyed by billions of people every week all over the world including those living in the shadow of a bloody conflict that has claimed over a quarter of a 1000000 lives. this is darfur in sudan where passion for football runs high and memories are not. regular hurry for the fear of. alarm and go well. i would have been out or when other men would have been a bit. and i'm in demand not of the mark of the alleged. am but. i have an event i wish i could have had a grammy award at that moment dimethyl began in. darfur covering a vast area of western sudan is synonymous with a savage intern

group renfield chrysler will join forces to create the world's 4th largest co-operatives. this is business asia out of welcome the controversy over why ways role as a supplier for 5 g. network infrastructure is heating up after china is a bastard to berlin wall and germany of excluding walwa hardware from the country's 5 geno works and reportedly threatened german car makers with repercussions chancellor angela merkel said today that she had no knowledge of any pressure from china critics are concerned that huawei is too close to the chinese state and that it might use its technology to spy on foreign countries in an exclusive interview with the w y c o c e o young well said all of their actions are unfounded. it looks like a renaissance castle in the middle of europe but it is actually only a modern replica and part of the research and development operations at china's tech supreme oh huawei the campus outside of shenzhen was opened this spring from the outside it's nostalgia of britain large bought in.