daimler slashes dividends.rusade continues as it says it will sell fewer cars this year than in 2019. matt miller space to the ceo later today in stuttgart. good morning, everybody. we saw the s&p open in the u.s. hitting on all new time high yesterday. as a result of that, we are expecting a catch-up here in europe. europe saw ftse futures and dax futures all pointing to the upside. a few earnings stories to keep off. but no doubt, it will be this move in the risk-on direction dominating the start of trading this morning. let's take a look at markets in europe. it is 8:00 on this tuesday morning. here are european equities. a strong start for the spanish 1%.et, the ibex up by no great movement in the pound or the euro. a bit of retracement downwards in the dollar. we will talk about american exceptionalism and the demand of u.s. assets. .7%.tse 100 is up by despite the declining death toll of the coronavirus, despite the increase in infection it numbers and expectations that those numbers will continue to clim

daimler/is its vivid end. the karmic -- daimler slashes its dividend. welcome to "bloomberg daybreak" 11,his tuesday, february coming to you from london. another recordt high, up by 0.2%. euro-dollar able to stabilize, but how much more downside is in the market? you are seeing a little bit of selling on the backend. we should see a positive takedown. crude also participating in this risk on bounce. it is time for global exchange, where we bring you today's market moving news from all around the world. from hong kong to berlin, brussels, washington, and new hampshire, our bloomberg voices are on the ground with this morning's top stories. we begin in asia and the latest on the coronavirus outbreak. the current number of cases stands at just over 43,000. the death toll now 1000. joining me from hong kong is "--aad salamat," anger of --haad salamat," anchor of coanchor of "t, bloomberg markets: asia." a feeling out's of china that things have perhaps gone a bit too far. those companies which have been curtailing production should step it all up, ramp thin

seeing the bright side daimler shares rallied we hear from the ceo later on kansas >>> and monday claire shares resume trading after sharper numbers in china plunge 80% amid the coronavirus outbreak >>> and deutsche telecom shares surge when a judge confirms the merger between sprint and viacom the move expected to be announced today. >>> as you can see behind me, european markets have started out on strong footing. green across the board we are seeing some of these stronger gains from earlier this morning paired back. stoxx 600 trading 0.6% after hitting a record high. this comes after a modestly positive session in asia as well as a strong session inwall street yesterday, the s&p 500 and nasdaq post record highs investors are taking comfort we are seeing supportive moves in terms of equities it is not just in terms of the macrobut also corporate inflow what we are getting from the impact of the coronavirus and earnings overall let's kick off with sectors. green across the board telecoms, luxury we have autos, food and bev. >> that sector trading 15 basis points higher in auto. let's ge

daimler reports earnings in just a moment. set to unveil plans to axe as much as 15,000 jobs. we speak to the c.e.o. later. nejra: equity markets taking a glass half full look as we saw records. green on the screen in asia. japanese markets are closed. but you're seeing the aussie bids. a touch of yen weakness. the euro holding at a 10-month low. the yield invered and that's more with coronavirus risk than anything to do with the u.s. economy. we get the reaction from around the world as we get the numbers from daimler that we'll bring you in a moment. good to see you both. july yet, let's kict off with you. what are you focusing on? juliette: it looks like alibaba, the world's largest e-commerce company worth $580 billion could be blocked from that stock connect program linking our hong kong with chinese investors. this was to an earlier accord which saw the execution nair of companies. it was part of this arrangement and we saw alibaba's debut last year. we hear that they haven't made an exception to alibaba. this means inve

. >>> 15,000 jobs are on the line as daimler as the luxury car company looks to cut cost in a deal that could cut 4 euros. >>> annegret kramp-karrenbauer will not run after her party failed to gain the support of the conservative party. >>> here in dublin, ireland's leader tauts a ballot box revolution in the country's election >>> well, a very warm welcome to "street signs. let's kick off the show with an update on coronavirus. china's national health commission has confirmed that 97 people have died in the worst day for coronavirus-related deaths to date it brings the global death toll to over 900, topping the 2003 sars outbreak which killed a total of 774 people across the world. a u.s. citizen and japanese national have also come the first foreign nationals to have died from the virus. meanwhile, china's factories are struggling to reopen today as at least 24 provinces and cities are scheduled to return to work after the emergency extended lunar new year shut down fox com, china's larger employer and key apple contributor has been given the green light to reopen in goaunzhou. other

we heard daimler saying they would do this, upping that.is all in an effort to save, $1.4 billion in the cost-cutting plan. people who watch automakers closely will know about xor. tell us about this story. >> they know xor because it is the italian investing group. they own fiat chrysler, but one of the things they own they are looking at selling is the reinsurance group called partner re and it would be selling it to a french insurer. the price tag is said to be $9 billion. we heard these talks are ongoing, but there is no uncertainty they would result in transaction, but we can report these talks are exclusive. anna: thank you very much. thank you for bringing us your stocks to watch. you can find all of the stocks the equities team are focused on by going to first go on the terminal. let's get a news update. ministers from opec and its allies are not likely to hold an extraordinary meeting to discuss the coronavirus. the meeting will go ahead as planned in march. the situation in energy markets is now stabilizing. this is after the outb

news out of dime, daimler -- daimler, daimler talking about the diesel probes, saying they may maintainral damage, and the coronavirus may affect the output and supply chains. we are on company watch as a lot of companies affected by supply-chain issues are slowly coming out and talking about how they will be impacted longer-term. more on daimler and the car industry next. this is bloomberg. ♪ ♪ this is bloomberg "surveillance," tom and francine from london and new york. tonight, we will not face the breakr of "ev's: on the -- brink of change" with alix steel. challenges facing consumers and automakers, all of that at 9:00 p.m. tom: she made me sell my home or. alix steel was with us as she looks at electric vehicles. belli remember clear as a as my accident, not even knowing it, getting into an electric taxicab at heathrow and i was shocked at how superior it was to anything in america. london, i had the u.s. behind. how far are we? alix: quite, and i don't know how that will be catching up. this goes into the european growth conversation and that ev's are part of the solution and prob

looks similar and it's emblematic of the european indices which the industrial part of the dax is daimler bmw. and mercedes much as we saw european rallying before the coronavirus i think that's part of the trade i think bmw and daimler are traded more as proxy plays for the german economy therefore those charts are interesting. >> interesting, i'm dropping names again. but i have to quickly. >> go. >> i was at columbia university up on 114th street that way. >> no georgetown. >> no. it's not with that nice school nonetheless. with that said there are four power pitches one for a company called car vana by an interesting gentleman. i don't want to get into the details. but look at the stock into earnings, huge run to the upside with a monster short interest is the report towards the end of the pont not the brutal details of this but do homework on the earnings into february. >> a couple of take aways quick. what is interesting is your index back story there, you have to look at those etfs you buy. when you have it so overweighted tesla you don't know what you buy and you see the pullback

daimler/is its vivid end. the karmic -- daimler slashes its dividend.y coming to you from london. another recordt high, up by 0.2%. euro-dollar able to stabilize, but how much more downside is in the market? you are seeing a little bit of selling on the backend. we should see a positive takedown. crude

back to the sector, it is rational for dividend cuts, and in the case of daimler, which is not the casenissan, divided by four for the dividends, disappointed earnings, no move on the share price. back to strategy thinking. everythingd to check available to invest in electric cars and what the new models will be is a good decision. anna: the market is forgiving of that? more thanis forgiving. share prices are falling so long and so deep, not reacting divided by four on the dividend is a good reaction. this is promising in understanding it is something deep, and how you mobilize every euros on your balance sheet. anna: you mentioned tesla, this surge in the share price of tesla, does that underline how few outlets there are four. -- there are for pure electric? it is not available with the developed electric model, i , but in fiveful years time, good quality electric cars. however, the key question is the speed at which you do it. for tesla, the quality against the stock price in september, good quality results forced the recovery. anna: thank you alain bokobza, head of global asset allo

daimler warning on diesel and coronavirus. the stop down 3.25%.es to struggle in the united states. it is a huge owner of educational assets. it is much more focused. that focus is not paying off. down for .5%. 4.5%.: -- down we are off ofie: our lows. the fact that we are down at all is interesting. may be more interesting is the treasuries, where we are seeing the long bond yield at a record low. it was likely earlier on in the session. the socks down almost 2% and we have nymex crude down 1.25%. it is risk off everywhere. gold higher, the vix higher, everything you might think of in terms of a risk asset is lower. the safety assets are higher. the yen has had a huge week. let's moved individual stocks. individual stories. deere is coming out with earnings that definitely showed a different picture in the farming sector in america than the street had expected. upt is sending that stock to a 9% gain, pretty phenomenal even though john deere did not say what it thinks the coronavirus impact will be on american farmers throughout the rest of the ye

this week, mercedes owner daimler revealed the worst annual results in a decade, hit by costs of thesel emissions scandal and investment in electric. the boss is pledging a major shake—up of the company. translation: shake—up of the company. we have flexed our mental translation: we have flexed our mental switch towards sustainable mobility for mercedes—benz. we talk about modern luxury becoming sustainable modern luxury, and this is the promise of the mercedes—benz brand, a promise for a better future. it mercedes—benz brand, a promise for a betterfuture. it is not just about our products. we are tackling the issue holistically, from the supply chain through to our own production, and the way our products use energy, that is produced, where possible, with renewables. anjan kumar looks at the electric vehicles market for the research firm frost & sullivan. good morning. so what do you make of this new deadline set by the uk government? well, i think it's quite challenging to achieve the deadline, because when you are looking to impose ioo% when you are looking to impose 100% renewabl

daimler is lowering european trading after the company slashed its diffidence to the lowest since theinancial crisis and promised cost cuts as it focuses on a visa. >> you cannot -- on electric vehicles. towe have proposed measures our overall fit cost structure. >> you talk about your vision for the future appeared what kind margins you want to see at daimler kailey: >> we have put together -- we have put together program for the next three years where is about cost efficiency and also cost restructure. >> in our capital markets we presented in november of last year, we said we want to put a floor in the 2022 timeframe on the car business for instance at 6%. but we have high renditions. the focus now is to make this next three years count. dividend slashing its and posting its first net loss in a decade. the french on maker sales declined plus income from the japanese art and nissan also is down. >> it is going to be -- japanese partner nissan is down. tough ingoing to be 2020 as we suffer from volatility in the market and the cafÉ regulation in europe. engaging in heavy reduction pl

what kind margins do you want to see at daimler?la: we have put together program for the next three years where is about cost efficiency and also cost restructure. in our capital markets, we presented in november of last year, we said we want to put a floor in the 2022 timeframe on the car business for instance at 6%. but we have high renditions. the focus now is to make this next three years count. francine: renaud slashing its dividend and posting its first net loss in a decade. the french automaker sales declined plus income from the japanese art and nissan also is down. clotilde: it is going to be -- japanese partner nissan is down. it is going to be tough in 2020 as we suffer from volatility in the market and the cafe regulation in europe. we are engaging in heavy reduction plans to rebound. viviana: nestle pushing back its target for sales growth and says revenue from china slowed even before the break from the coronavirus. it says it will need to one or two more years to return to an increase of four to 6%. nestle's bottled w

major european indices closed lower german carmaker daimler was about half percentage point a report it's planning fifteen thousand d job cuts as part of a cost cutting scheme. well the major brands of said they won't be attending one of the tech industry's biggest events because of concerns over the corona virus. amazon is withdrawing its exhibition from the mobile world conference. which set to take place in barcelolona from february twenty fourth. sony will replace it stand with an internet news conference to present its new products. sweden's ericsson south korea's lg any american should make a new video has also camp. their appearances. they all say they're trying to avoid exposing their employees to the virus by limiting their international travel. chinese groups zte and huawei still plan to attend for it now mark this is just the latest slew of cancellations for these kinds of events we've seen a similar. thing happening at the singapore airshow this week a lot of big companies pulling out- a as the c corona virus spreads. it's fair to say we're going to see this country and c

tom: after daimler this week, renault managing a message for a really challenging year.he miracle that is tesla, out with an offering at $767 a share. i bought 2 -- 12 shares yesterday. this is one of the great miracles of bonds moving from a yield price up, up, up. what is so important is the market votes. the bond price was elevated yesterday with his equity offering. ever lower.p, yield equitys a dilution in make bond prices go up? cameron: the company is raising cash so their balance sheet become stronger and they become more creditworthy. the general trend of the last six months that we have observed reflects the inner sector of everything we have been talking about here. lord turner was talking about climate change and zero emissions and then the car industry. who is the beneficiary? it is tesla. tesla and a not a ago or foura year years ago. how do you fancy guys like you change on a company when they grow up? clearly, you have seen a lot of bears throw in the towel and that might be a natural selection thing. you might be skeptical about the promises of the compa

this week mercedes owner daimler revealed the worst annual results in a decade, hit by costs of the dieselcandal and investment in electric. joining us now is stuart rowley, president of ford europe. some might say you were late to the party. i think were arriving just in time. we are in london today launching the first ford battery electric vehicle, the mustang and we are electrifying our entire product range with plug—in hybrid vehicles so we can range with plug—in hybrid vehicles so we can provide electrified vehicles to everybody. do you think the take—up vehicles to everybody. do you think the ta ke—up justifies the vehicles to everybody. do you think the take—up justifies the outlay at this point? we are making huge investments, $11 billion globally and electrified vehicles on the key question is how quick the take—up will be but we see ourselves as part of the solution we have to remove the barriers to adoption and we need to do that in partnerships with governments and cities so consumers can move to these different technologies. we mentioned the new uk government deadline of 2032

let's get a check on stocks on the move daimler is cutting its dividend after the four-year profit fell. results are way down after restructuring and legal charges. despite record sales of mercedes cars as the brand retained the sales of the automaker slack denying a report that ibm recently bought its service making it slack's largest customer they say ibm has been its largest customer the company is not updating fourth quarter and full year guidance shares rose as much as 15% on monday and fell sharply in extended trading on that collar indication report. chegg is falling this morning. helped by new subscriptions. the provider of education technology above analyst estimates. shares are down 2.5% when we come back, we'll be live in new hampshire where voting is under way in the country's first 2020 primary what the rulests could mean for the market and your monday that's coming up sometimes, the pressures of today's world can make it tough to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey

daimler already said it would eliminate 10,000 jobs. wants to reduce the amount it spends outside the core business. samsung showed off its new more compact disposable smartphone last night. the debut took place in a commercial during the oscars. bloomberg learned the phone will be called the galaxy z flip. there'll be a launch event tomorrow in san francisco. so i want flip phones now? i thought i thought it cannot have one. they're not cool. it makes me feel old. guy: i remember them. i remember the brakes that preceded the flip phones. have a great flight. we look forward to seeing you in london tomorrow. coming up is "balance of power." david westin is a new hampshire good he will be talking to the acting office of management and budget director. obviously a big theme today. this is bloomberg. ♪ david: from manchester, new hampshire, to our tv and radio audiences worldwide, i'm david westin. welcome to "balance of power" where the world of politics meets the world of business. we are broadcasting live for new hampshire for the new h

today, we are hearing dime -- we are hearing dime will -- we are hearing from daimler, coke, and others pmi data comes in at its lowest level since 2013. plus, the storm clouds gathering over the shipping sector as a result of the coronavirus. we will have some analysis coming up from jeffrey's a little later -- from jeffe ries a little later. we are counting you down to the european close on "bloomberg markets." ♪ vonnie: it is friday. the coronavirus is spreading, now in countries with no direct link to china. a lot of market jitters out there. companies are mentioning it in europe, and we are seeing the s&p 500 down 1%. we had the market pmi data from

futures lower, coke, daimler and others warnings of continued outbreak headwinds >>> plus mobile mergerion, why softbank is cutting its stake in the overall company that will be created between sprint and t-mobile, and why it's so much more likely to happen >>> and shares of deere are up, reporting abunexpected rise in profits, shows an early sign of stabilization for the farm sector coronavirus worries putting stocks on track for a negative week there's a spike in new cases both in and outside of china you got coca-cola joining the list of companies impacted by the outbreak, saying it expects it will cut quarter earnings by one to two cents a share they coupled that with a 2.5% div hike and we heard from lulu, daimler and others as the list is getting longer and will get longer from here >> one of the things people took the cue was from proctor said it was going to hurt us, the stock was up and climbed form the rest of the sector. why don't we tell the truth? a little too premature, they all presume it will be solved within a foreseeable time frame the medical professionals are not say

a 1922 austro-daimler? 1961 metropolitan? it's probably here -- somewhere.ven rooms completely filled with the same model or manufacturer. these are all packards? >> this whole row is packards, yes. >> oh, my god. there's so many of them. am i allowed to touch? >> yeah, have a seat if you'd like. >> oh, my gosh. you don't have to ask me twice. oh, my goodness. look at the steering wheel. i think it has my name written all over. so many do. [ jazz music plays ] harold lemay's fascination with cars started even before he could reach the pedals. nancy lemay is harold's widow. >> his mother said, from the time he was born, he loved the car. he loved anything with wheels. >> harold is born in 1919 to marie lemay, a single mother struggling to make a living and care for three young children. when harold is just three, marie feels she has no choice but to place harold in the custody of friends who can better take care of him. when the couple comes to pick up harold, they're driving a 1914 baby grand chevy. >> harold was a little apprehensive. he had not met these p

auto manufacturer will -- if they want to be competitive with tesla will -- i'm including bmw and daimler and all -- if they want to be competitive, like for like, they have to sell the cars at a loss at the same time they are losing internal kbugs engine business they have a big problem. >> are you confident enough in their ability to overcome what i would call sort of manufacturing hair balls that have struck them in the past and cause them to miss or delay production targets? >> so nothing is in a straight line you can't promise. but what they did in shanghai was unbelievable you know, breaking ground and producing within a year. and i think they are taking the learnings elsewhere, in germany outside of berlin we've been thinking that's a setup for bureaucracy. they have been welcome with open arms because germany doesn't want to lose the auto industry, right. and they don't want to lose the jobs and now we hear potentially about texas. so we think they're going to surprise on the production side now. it took a lot of trial and error -- just like with the falcon rockets when they were

it is now set to overtake gm, ford, fiat chrysler and daimler benz's combined valuation. right now, tesla up 20%. the surge is due in part to tesla's ev sales which have surpassed rival ev products such as the chevy bolt, the nissan leaf. both of them, tesla has jumped over in a major way. since its ipo in 2010, tesla has skyrocketed 5300% after debuting at just $17 a share. what we are going to do is check tesla throughout the hour. stay tuned for the latest moves because as we watch it, it's at $939 a share right now. we will see if it touches $950. >>> elsewhere in the ev sector, amazon says it has ordered 100,000 electric delivery vans from privately held ravion automotive. the vehicles will be on the road next year. amazon up 2.25%. not slacking off today, the stock, ticker workplace chat platform surging after rbc initiated coverage with an outperform and a $25 price target. it's almost there, at $23.25. slack is jumping 10.9%. >>> get fashionable. ralph lauren in fashion with investors in this final hour of trade. it beat on earnings and the retailer cited higher p

. >> 15 years ago the former president of chrysler daimler wrote a book about growing bigger by growingmaller. bigger companies would get bigger over time with access to cheap capital. they have access to the best minds the planet could provide. what happened, we discovered the average age of companies is 54 years. they got big, got old and they died. little companies came in to beat them at their own gain. innovation isn't slowed down by companies getting bigger and stronger. charles: from shumpeter, innovation will take place, whether it was sears, walmart and now amazon. we'll see. that was a great conversation. dani, joel, thank you very much. coming up at 2:30 i have the pleasure to speak with senator tim scott. he will explain why president trump's new way to fight poverty will work. moroccan certificate than rally. bernie sanders bringing down the house, drawing a huge crowd in new hampshire before the primary vote. guess what? so did president trump last night. are we looking at two candidates for the 2020 general election? that's next. >> we have more than this outside of the a

i have learned 50% of bmw, daimler, and volkswagen's cash flow comes from china.dred billion dollar market for carmakers, and michael dean has a piece saying for german automakers this is the most difficult. tim: you are absolutely right, and i should have mentioned those, it is an industry that not only has a supply chain issue but a demand issue as it thinks about china. volkswagen is a global automaker not just european automaker with the most exposure. they have a market share lead in china. this will be a near-term hiccup. of producesndpoint versus service companies, production companies have a chance of recouping business. you did not buy it now but you will buy it next week or next month, you will make that purchase. going back to the service concept, if i am a casino or iag, thathink about is lost business that is never coming back. what you can consider in terms of production versus service companies. anna: i am looking at which , luxuryhave done badly is down 3.5%. oil and gas and autos of the biggest losing sector for europe in the last month. craighead

. >>> daimler becoming the latest automaker to warn that the coronavirus could hit the sales. phil lebeau has the details. >> not a huge surprise given the droves of sales. we'll talked more about that in a bit, issuing a warning saying, look they're just not outlining how much that impact will be at there point keep in mind this is a company with several -- and one of the largest luxury markets in the world it's a big pardon of mercedes plans. they will resume protection of mercedes over there. meanwhile, when you look at the japanese automakers delaying reopening some plants, while toyota will have its plant up and running next week. in the first half of february, take a look at this statistic. during the first 16 days of the month, sales in china, new vehicle sales in china dropped 92%. to quote a couple people ethere, nobody is going into the showroom easy to understand why guys, back to you. >>> yeah, certainly. phil lebeau, thank you. >>> two more companies with updates, coca-cola and lululemon, coca-cola confirming its full-year guidance, but it expense one or two cents

reports from germany say daimler may announce up to 50,000 job losses when earnings are released tuesday already decided to cut 10,000 stocks worldwide. they are cutting more than $1.5 million in costs. volkswagen has postponed the resumption of production at some joint ventures in china as the coronavirus continues to disrupt the global economy. vw cites limited travel for employees and the extended break for the lunar new year. they postponed production for seven days until february 17. this except for a plant in shanghai that will resume work on monday. airbus is in talks to buy a stake in a jetline program according to people close to the company. announcedent can be this week. they will invest more than $2 -- $2 billion. paul: ghb is in talks to relations of copper concentrate amid shutdowns because of the coronavirus outbreak. ony may be given flexibility deliveries to avoid force majeure. there have been delays because of the virus. that is it from "bloomberg markets: asia." i am paul allen. haslinda: i am haslinda amin. " isbreak middle east is next. this is bloomberg. ♪ >> this

and certainly, we have already seen several large german companies warning, including daimler, that theutlook for this year could be worse than expected. so in all, and gloomy outlook for the german economy. alix: let's turn back to the u.s. companies like uber saying it will deliver its first ever quarterly profit by the end of the year. joining us is dani burger. it seems like it is enough for now, according to most analysts. dani: absolutely. we heard from j.p. morgan that the era of growth at all costs is over at uber. this is a step towards achieving greater profitability. you just need to look at the share price reaction premarket. investors are excited. they are moving away from the cash burn that had seen uber drop so much from its ipo price. they are definitely not giving a full year of profitability, just one quarter at the end of the year, but if they can get to that full-year, it means they might be included in major indexes, and that brings a lot of passive money. we could see some big gains in reaction to this. we are seeing the effective cost cuts that contributed to this

you have daimler coming its dividend and workforce as they ship to ev and then tesla saying i will raise throwing money at us. colin: you can look at it a couple different ways. they started with the capex budget last year that allow them to improve their financial. that ran up the stock. that might be giving them too much credit. it might be a question of their is an opportunity to easily raise money. the global auto market is looking shaky. year, theydown last were down the year after that. having all of that money in the door when they have all of these projects they're trying to build is a good thing. alix: bloomberg nef is one of the more aggressive on when we see the adoption pick up. does the global slowdown slow this down? how do you see it? the market is behaving a little more like the broader auto market as it gets bigger. you saw january sales data in china way down for the global auto sector, also down for ev's. in the past ev's have bumped that trend. how you look at ev's right now? neil: we cannot get as excited as u.s. investors about the opportunity because we are not sur

money movingreign into manufacturing to allow both bmw and daimler to be competitive. need to be cautious on tesla at these levels. alix: how do you understand the parabolic move? how much of it is stepping investors leave it in that 10 year story that they are skeptical about versus a straight up shortcoming and how much more shorts are in the market? almost everybody has been stopped out on their short, and if they have not it is a head wind on their overall performance for this year. this move in the last couple of byths was first analyzed frothy enthusiasm for china, the idea of the incremental 150,000 units out of the shanghai facility this year. i do not see that as achievable. i think that is unnecessarily aggressive. he hide that, what we had is momentum in retail and the fear of missing out. --y of the large firms technical traders can trade quite well. momentum,rgely strictly momentum, and those trying to put a basis around this are saying $30 in earnings in 2022, 2023. that assumes tesla operates in a vacuum, which i do not think it does. alix: is there anot

. >> so at a trillion, essentially gm, ford, chrysler daimler currently do 600 billion.ou'd be talking 40% more than that. and they're 2% of the way there. >> i think you have to -- yeah. you take them with a grain of salt, but he's been saying for a long time this thing's going to go upwards. i think it's just a grain of salt. >> he's been right. >> he's been right. >> it takes big positions long term. he's got the luxury of long-term capital. >> i keep going back to the conference call, which was a choice conference call, where he's making a joke about april having battery debt. what is he going unleash on battery? >> the potential for a trillion in revenues in a decade. >> that's a got. >> you're not talking about selling cars. you're talking about autonomous robots, fleets of taxis, battery technology that's advancing in ways that we can't even imagine. we're talking about solar roofs, i guess, i don't know. you're talking -- what else do they have? >> do you have any -- >> space. >> yeah, space maybe. >> space. >> maybe the thing will take off and go to space. >> ve

he is the largest shareholder in daimler. we are less than 24 hours from the new hampshire primary.t quinnipiac national paul has bernie sanders in first with 25%, followed by joe biden and michael bloomberg. for the latest, i want to head to manchester, new hampshire, and bloomberg's wendy benjamin z is standing by -- wendy benjamin son is standing by. what do we know? wendy: polls open first thing tomorrow morning. it looks right now that bernie sanders has a sizable lead. pete buttigieg is in second place in most of the polls. after that it gets really murky. it is hard to tell who will come out on top. it does not look like a good day for joe biden, worrisome for his campaign. paul: what is it going to mean for joe biden if he does not get a top two finish? could be quite terminal for him. wendy: it could be, although his campaign has said they never counted on these two states. these states are 90%-plus white voters and tend to be a more liberal than many places in the rest of the country. after this is nevada and south carolina, both this month. that is when nonwhite voters ha

shery: daimler could announce 50,000 job losses when earnings are released tuesday.had already decided to cut 10,000 staff worldwide. the plan is seeing as -- seen as saving $1.5 billion in cost. they want to lower money in more projects. this is bloomberg. ♪ asia.is is markets: we begin with the latest on the coronavirus front. the world health organization is leading an international team of medical experts to china in order to help combat the spread of the coronavirus. more than 900 people have died and the number of cases is approaching 40,000. more cases have been reported in singapore, japan and europe. $10 billion tong control the outbreak and is calling for more global support for medical supplies. in cruise liner quarantined hong kong has been released after all the passengers and crew were found to be cleared of the virus. the ship was in lockdown after docking wednesday. three chinese passengers who left the ship earlier were found to have the virus. hong kong port officials say tests were created ahead of -- completed ahead of schedule and they were negat

i'm already saying it would eliminate 10,000 jobs -- daimler already saying it would eliminate 10,000il hovering around $50 a barrel, and it is now looking less likely that opec and its allies will cut production in response to the coronavirus outbreak. russia has been resisting saudi arabian efforts to reduce out but the virus is negatively impacting the chinese economy. china is the world's biggest oil importer. that is your bloomberg business flash. francine? tom? tom: let me do a data check right now. it is all very subtle. you need to know oem currencies weaker, oil set nicely below $50 a barrel. it has been there 1, 2, 3 times in the last few days, but nevertheless kyra his -- nevertheless, there is a whole way to the tape, not seen in equities. francine: investors are trying to gauge the economic hit from coronavirus. the market is in a weight and see mode. -- in a weight-and-see mode. tom: you have your primary tomorrow. for our international audience, this is very, very different important.nd very the summary is simple. there are two leading candidates with adjacencies to new

last year it was apple, it was even toyota, ford has been floated, daimler along with other companies as well. but the question is for you, stu, does elon want to sell especially with the stock at $800 apiece? i say no. stuart: well, no idea. but i'm intrigued at the speculation that google with all that money that it's got, all that cash, it does make a good fit to go out and do something with tesla. it's pure speculation at this stage but interesting speculation, at that. it really is. susan: apple has the cash, obviously, but do they need tesla, does tesla need apple? that's the question. stuart: when you have technology companies with $100 billion cash, you can get some speculation about that. susan, we will be back to you shortly. thank you. >>> now, how about alibaba. they have set a february 17th date to be up and running again fully. the stock is just down a buck, $215 on alibaba. >>> now then, what have we got? ford motor company. they have reopened a factory in china, or so it is reported to us. that stock is still $8 a share. >>> then we have apple, may postpone the launch

the chief operating officer of daimler. we will have plenty more in the auto sector coming up in "bloomberg surveillance." coming up, changing of the guard. ubs names its next chief executive. more on that next. this is bloomberg. ♪ francine: ubs has named the ing chief ralph hamers as its new chief executive officer, succeeding one of europe's longest-serving bank chief executives. it is a surprising pick for the world's largest wealth manager. bloomberg's financial reporter has more on this. this was also after bloomberg news a week ago saying that ubs was looking for a successor. outsiderxpecting an and someone like that that comes from img? >> first of all, it probably does not come as a surprise in that respect. this thing comes a little bit of a deja vu for me. what is a surprise is a pick. ralph hamers himself. ing has a very different business model. 75% or so they generate through retail development. it is very old-school banking. ubs is a different business model, investment banking, wealth management, so that is