of germany's siemens joe qasr like kayser took his time before announcing he'd pull out of the event allegations of saudi involvement in cruise ship chains death forced his hand. his events was one of several business giants that found themselves caught between more ality and profit companies that pulled out included j.p. morgan and ford exactly how many guests cancel this still unclear the organizers removed a list of plan speakers from their website of what i hope we value for school but others were happy to attend the three day meeting which promised major billion dollar deals. saudi arabia wants to diversify its economy and needs large scale investment for a range of new infrastructure projects job creation is another push factor one in three people under thirty in the kingdom are currently unemployed investors hadfield saudi crown prince mohammed bin sandman as a positive influence of the future after he lifted the ban on cinemas and allowed women to drive but now many companies are distancing themselves from the regime. shares in german chemicals giant buyer tumbled after a cou

yeah dressed right everything's nice disposition boss boss french and jenny jenny any after me germany siemens. all hell canceled some of the some of the things we still don't. decide my lower left staff bios offered. there to tell tell recently smiling a lead our dollar truck check out your local. important to maintain dialogue. as a large large numbers of these engines russia and china. countries reserves reality has increased its economic. then the to our knowledge and we really only that our nation needs you just before dark -- to to bestselling lately in in in in in the right frame things. the french government making making a case for tech talent on ted had originally it's your pure home how many debating mating goes on to talk time like like google - basic amazon is on an awful about 93% rather never knew that pretty. as for insurance. coming on this is. essential. do you. say to that got us to this. to me this is. three three no no. yeah yeah it says. by the provision. we cannot accept. is it is it is you're you're having a three three without without. six we all know knows they say is

america's general electric has agreed a slightly bigger deal than germany's siemens, but both could bers. iraq is trying to rebuild the country after years of conflict. however, the contracts with the incoming government are not yet binding. one of the world's biggest tobacco firms, philip morris, has been accused of staggering hypocrisy over its new uk advert that urges smokers to quit. the tobacco giant says it is an important next step in its aim to ultimately stop selling cigarettes. but the charity cancer research said the firm was simply trying to promote its smoking alternatives, such as heated tobacco. fiat chrysler is expected to announce a $7 billion deal to sell its high—tech car parts unit, magneti marelli, later on monday. several uncoonfirmed reports suggest that japan's calsonic ka nsei will take control, in a deal that will make it a world leader for parts, including electronics and lighting. a sale would be the frst big change made by fiat‘s new chief executive, mike manley. and now, what is trending in the business news this morning? the financial times is reporting o

of might be bigger than the one which up until now has been the largest one here in germany so far siemens healthy there just briefly good timing for these guys i mean there's a sell off at the moment which continues. that's true but if anything this encourages companies to make their i.p.o.'s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it conrad who is in at the frankfurt stock exchange things. the presidential race in brazil is headed for a deeply polarizing runoff between a far right and a leftist candidate and brazilians of fighting an uphill battle of their own economy has gone through years of shrinking g.d.p. growth including a heavy were sation only last year the country clawed its way back into growth territory at the same time many problems remain unresolved corruption unemployment and rampant inequality. stock exchange in rio de janeiro but when he suddenly lost his job he needed a new source of income now he works as an driver to

of might be bigger than the one which up until now has been the largest one here in germany so far siemens healthy there just briefly good timing for these guys i mean there's a sell off at the moment which continues. that's true but if anything this encourages companies to make their i.p.o.'s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it conrad who isn't at the frankfurt stock exchange things. european air space plane making giant air bus has just announced that she your fall he will succeed tom indices and distance down this april its year old fall he is headed. commercial aviation division and job will probably keep what he takes over the leadership. brazilians are on the cusp of handing the presidency to a brash former captain who's written his fondly of dictatorship far right congressman e.o. bodies so know who has pledged to jail corrupt politicians and reform the economy something that's desperately needed. but that's just good for th

of might be bigger than the one which up until now has been the largest one here in germany so far siemens healthy there just briefly good timing for these guys i mean there's a sell off at the moment which continues. that's true but if anything this encourages companies to make their i.p.o.'s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it conrad who is in at the frankfurt stock exchange. by two of your team and china's allegations against the ex of interpol that's why i've been the chinese government is investigating the for my head interpol the main cong way for bribery and other crimes a spokesman for china's ministry of foreign affairs said the investigation shows the government's determination to. fight corruption man's wife says he disappeared two weeks ago after he left france for a trip to his native china on sunday interpol announced that he had bizarre and as president of the. international police agency. this has been a strange cas

also a bishop's plans but one of germany's legacy industrial siemens is to build a big startup company in berlin can it succeed where google just failed. and introduces a tourism call for cuba going to help the caribbean nation get up more investment back home. this is the business as welcome today is the tenth anniversary of bitcoin founded at the outset of the great recession the cryptocurrency was supposed to usher in a digital revolution in payments just about a year ago its price truly is rocket skywards before coming back to earth in spectacular fashion bunning a lot of investors on reentry into the real world today as much hope as there was hype around because. in the heart of moscow there's a small and conspicuous shop it may look normal but inside it's a different world the world of bitcoin. there are a fake chocolate bitcoins as well as virtual bitcoins on servers for many of the crypto currency remains a great mystery even though russia produces more bitcoins than almost any other country. it wastes to quit the good it yeah actually custom is coming to us and say i want but

administration persuaded iraq to sign a general electric $50 billion power deal and said of germany's siemenscials warned the prime minister that going with siemens could put the u.s.-iraq relationship at risk. iraq signed a memo of understanding the ge in recent days. that is your bloomberg business flash. alix: earnings season kicked off last week. afterlast quarter's record reporting, are we at peak earnings? profits rolled over the next six quarters. joining the is romaine bostick. has that been the reality? romaine: we are still at a peak or rising. 20 look at profit margins -- when you look at profit margins, for something like 9.8% on a trailing 12-month basis. that is taking into account the 56 plus companies with a report out of the s&p 500. there is some sustainability but when you look at estimates going forward for the forward 12 months, d.c. the estimates ratcheting down. that is where the concern is coming from. -- areour you t you talking about operating margins? romaine: it's a little dicier than the profit picture. you are talking about an elevated level that is still climbin

bishes plans by one of germany's legacy industrial firms siemens is to build a big start up company in berlin can it succeed where google just failed. it's the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after the introduction and can we finally trust it. also on the show panama introduces the so-called tourism card for cuba how it should help the caribbean nation to gain more investment back home. is the business as welcome siemens will invest six hundred million euros in an integration center in berlin it's called future campus under spires to become the german silicon valley it will include research laboratories high tech production facilities offices and housing siemens has engaged startup companies to take part of almost science scientists in the conceptualization of the campus project for berlin it is the largest single investment in industrial company has made since the end of world war two cities in asia and the u.s. were also interested in hosting the innovation center google announced last week it will drop similar plans for

germany's. learned senior u.s. officials warned the iraqi prime minister going with siemens could put the u.s.t risk and a rockside a memo of understanding .he ge increase shares of alcoa rising in premarket trading, the biggest aluminum producer in the u.s. reported third-quarter earnings that were double estimates. and alcoa said first share buyback in more than a decade, all signs the company is making it through the trade right. ebay is accusing amazon of infiltrating its female system to get high-value sellers. in a lawsuit, ebay says amazon's tactic appeared to be part of a larger pattern of aggressive and unscrupulous conduct, amazon is not commenting as they have previously said it was investigating ebay's foundations -- allegations. francine: thank you. warnednt trump has against putting the u.s.-saudi arabia relationship at risk with increased attentions over the journalist. major companies registered for the battles in the desert still plan to attend in riyadh this bike growing pressure for a boycott with bloomberg pulling out a future investment initiative evidence. is our us for t

seems to have taken the entire prize from siemens germany but now it appears looks like there will be more business for both corporations and the war torn iraq the german firm says they will contract to build new infrastructure that can generate as much as eleven gigawatts of power that's enough to increase current production by fifty percent overall and sell one point five gigawatts of that yield to iraq over four years seaman c.e.o. reportedly flew directly to iraq to avoid missing out entirely on this round of iraqi infrastructure upgrades. and chinese leaders are pushing back after u.s. secretary of state might pompei all last week warned latin american leaders of pitfalls of involvement in chinese dollar diplomacy and mexico city the u.s. top diplomat and former director of the central intelligence agency warn latin american leaders that chinese officials may show up with deals that seem too good to be true because they are mr pompei all specifically called the behavior of state owned companies in panama the other country he had visited on the trip as predatory some scholars note

space g e seem to have taken the entire prize from siemens germany but now it appears looks like there will be more business for both corporations in the war torn iraq the german firm says they will contract to build new infrastructure that can generate as much as eleven gigawatts of power that's enough to increase current production by fifty percent overall and sell one point five gigawatts of that yield to iraq over four years seaman c.e.o. reportedly flew directly to iraq to avoid missing out entirely on this round of iraqi infrastructure upgrades. and chinese leaders are pushing back after u.s. secretary of state mike pompei all last week warned latin american leaders of pitfalls of involvement in chinese dollar diplomacy and mexico city the u.s. top diplomat and former director of the central intelligence agency warn latin american leaders that chinese officials may show up with deals that seem too good to be true because they are mr pompei all specifically called the behavior of state owned companies in panama the other country he visited on the trip as predatory some scholars no

ambitious plans by one of germany's legacy and dust trail companies siemens is to build a big start of campus here in berlin the move comes barely a week after google dropped a similar plan it's also on the program as the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after its introduction and panama introduces a tourism card for cuba can it help the caribbean nation gain more investment back home. i'm crystal coburn bilin good to have you with us siemens is putting six hundred million euros on the table to finance and innovation center here in the german capital it's meant to be part of what some hope will become a german silicon valley one day the investment would be the biggest of a single company in the city since world war two and then the announcement comes only a week after google withdrew a similar proposal due to massive protests the local neighborhood and lack of political support berlin pulled out all stops to get the signatures that would make this possible and bring siemens back to its birthplace in the german capital's nor

the ft says that germany siemens was close to the deal.ntract to a u.s. company >>> united continental raising guidance after posting its best quarterly revenue growth since 2010 phil lebeau joins us now with a special guest. good morning, phil and good morning, mr. munoz. >> hey, joe. how are you? oscar munoz. this is one of those mornings you're happy to come on because you have strong performance in the third quarter. what stands out when you look at the numbers you posted for this last quarter >> it's a combination of the plan we put together right? it's a journey from getting our people back together, getting our union structure worked out, getting our operational reliability which is important, putting a strategy together to get this business back and so, you know, a couple of quarters later, watching it work in this way with a specific point we made with hub growth as well as customer service, all of that is coming together. it's a good quarter. >> you've added these flights, smaller markets into your hubs in the midwest whether it'

space g e seem to have taken the entire prize from siemens a germany but now it appears looks like there will be more business for both corporations in the war torn iraq the german firm says they will contract to build new infrastructure that can generate as much as eleven gigawatts of power that's enough to increase current production by fifty percent overall and sell one point five gigawatts of that yield to iraq over four years seaman c.e.o. reportedly flew directly to iraq to avoid missing out entirely on this round of iraqi infrastructure upgrades. and chinese leaders are pushing back after u.s. secretary of state mike pompei all last week.

space g e seem to have taken the entire prize from siemens a germany but now it appears looks like there will be more business for both corporations in the war torn iraq the german firm says they will.

of might be bigger than the one which up until now has been the largest one here in germany so far siemens healthy there just briefly good timing for these guys i mean there's a sell off at the moment which continues. that's true but if anything this encourages companies to make their i.p.o.'s now you know with interest rates rising in the u.s. there is the idea on the markets that we are ending the end of a cycle and that this is the time for a company to go public if you want to do it cannot who is in at the frankfurt stock exchange things. representatives of swiss banking giant u.b.s. are appearing in court today on charges that the bank orchestrated a huge tax fraud scheme it's accused of enabling wealthy french clients through donor proceeds from tax for that took place between two thousand and four and put in twelve drug comes after a six year probe that was launched on for a former employee alerted authorities to the bank's alleged criminal activities. now from the u.b.s. worker who broke that story and what he expects the outcome of the case could be my understanding is if they're

also ambitious plans by one of germany's legacy industrial firms will tell you were siemens is about to build and why. and panama introduces a tourism card for cuba could help the caribbean nations more investment back home . i'm stephen beardsley in berlin thanks for joining us today is the tenth anniversary of bitcoin founded at the outset of the great recession the cryptocurrency was supposed to usher in a digital revolution in payments just about a year ago at the price of one of its life before coming back down to earth now today there's still a lot of hope and decline and plenty of hype sometimes even those who want to are really sure how it works. in the heart of moscow there's a small and conspicuous shop it may look normal but inside it's a different world the world of bitcoin. there are a fake chocolate bitcoins as well as virtual bitcoins on servers for many of the crypto currency remains a great mystery even though russia produces more bitcoins than almost any other country. with ways to quit the good yeah actually customers come to us and say i want but i don't know what

dollars electrical equipment contract in iraq that had seemed set to go to european rival siemens a g. of germany under the contract g.e. will supply equipment sufficient to power the homes of three hundred thousand iraqis the truck of ministration diplomats meeting earlier with iraqi officials reportedly invoked the deaths of seven thousand u.s. soldiers as part of the iraq war which began in two thousand and three as an argument for giving the contract to a u.s. company by the way in two thousand and six the lancet medical journal published an estimate of six hundred fifty thousand iraqis whose lives were lost in that war the contract win is especially good news for g.e. because it shores up their ailing power business as their c.e.o. considers radical restructuring.

dollars electrical equipment contract in iraq that had seemed set to go to european rival siemens a g. of germany under the contract g.e. will supply equipment sufficient to power the homes of three hundred thousand iraqis the truck of ministration diplomats meeting earlier with iraqi officials reportedly invoked the deaths of seven thousand u.s. soldiers as part of the iraq war which began in two thousand and three as an argument for giving the contract to a u.s. company by the way in two thousand and six the lancet medical journal published an estimate of six hundred fifty thousand iraqis whose lives were lost in that war the contract win is especially good news for g.e. because it shores up their ailing power business as their c.e.o. considers radical restructuring including selling off major g.e. divisions g.e. stock shot up in trading earlier today by forty cents per share on the news. japan's fourth largest publicly traded company is visibly reconsidering the risk of business ties to saudi arabia after the alleged murder of journalist jim off the show get a saudi consulate and istanbul turk

of industrial conglomerate siemens joke asia he cancelled only at the last minute prompting further criticism back home in germany. i. meant saying the business of business is doing business business has. the responsibility is this leaders also moral leaders in our well now. ford j.p. morgan and i have likewise dropped out of the event the organizers have refused to reveal just how many guests will be absent and have taken down a list of plan speakers posted earlier on line. the three day meeting dubbed davos in the desert is still expected to see the signing of major billion dollar deals. saudi arabia wants to become less dependent on oil revenues spied on first refining its economy needs launched an investment for a range of new infrastructure projects the promise of job creation is another factor one in three people under thirty in the kingdom are currently unemployed investors had seen the young crown prince mohammed bin salman as a positive influence for the future after he lifted the ban on cinema and permitted women to drive cars. but after the international outcry over the death of dissident journalist ja

one of the newest factories that builds parts for the big turbines used in power generation siemens is in germany 15,000 workers here in the u.s., so this is a company that is sitting squarely in the intersection of the global economy. all of those broad narratives that have been driving some of the market volatility that we've seen -- trade, tariffs, a tight labor market, rates -- siemens is navigating through all of those dynamics and here to walk us through how they're handling it is lisa davis, ceo of siemens energy and also is chairwoman of siemens usa. lisa, let's get right to it. investors are really worried about some of the pricing pressures that are facing industrials because of the tariffs, because of those escalating trade tensions. where are you seeing that show up in your business? >> well, we're seeing that show up in our business really in the pricing that we have, both from our third-party suppliers and where we buy our raw materials and our supply chain but what we're doing to combat that is facilities like this, where we're investing in technology and innovation that helps us b

of industrial conglomerate siemens joke asia he cancelled only at the last minute prompting further criticism back home in germany i don't know what he meant saying the business of business is doing business business has also the responsibility business leaders are also moral leaders in our well now with. forward j.p. morgan and likewise dropped out of the event. the organizers have refused to reveal just how many guests will be absent and have taken down a list of plan speakers posted earlier on line. the three day meeting dubbed davos in the desert is still expected to see the signing of major billion dollar deals. saudi arabia wants to become less dependent on oil revenues spite of those who find its economy needs launched an investment through a range of new infrastructure projects the promise of job creation is another factor one in three people under thirty in the kingdom are currently unemployed. to not have damages that i agree chemical company monsanto has to pay to a former groundskeeper been slashed from almost two hundred ninety to seventy eight million dollars at the same time the court held the jury

of industrial conglomerate siemens joke asia he cancelled only at the last minute prompting further criticism back home in germany. men same business a business is doing business business has also the responsibility business leaders are also moral leaders in our well. ford j.p. morgan and have likewise dropped out of the event. the organizers have refused to reveal just how many guests will be absent and have taken down a list of plan speakers posted earlier on line. the three day meeting dubbed davos in the desert is still expected to see the signing of major billion dollar deals. saudi arabia wants to become less dependent on oil revenues by dawn first refining its economy needs launched an investment of new infrastructure projects the promise of job creation is another factor one in three people under thirty in the kingdom are currently unemployed investors had seen the young crown prince mohammed bin solomon as a positive influence for the future after he lifted the ban on cinema and permitted women to drive cars. but after the international outcry over the death of dissident journalist jamal khashoggi in the

ambitious plans by one of germany's legacy and dust trail companies siemens is to build a big start of campus here in berlin the move comes barely a week after google dropped similar plans also on the program as the tenth anniversary for the world's most famous crypto currency where does bitcoin stand a decade after its introduction and panama introduces a tourism card for cuba can it help the caribbean nation gain more investment back home. i'm crystal coburn bilin good to have you with us siemens is putting six hundred million euros on the table to finance and innovation center here in the german capital it's meant to be part of what some hope will become a german silicon valley one day the investment would be the biggest of a single company in the city since world war two and then the announcement comes only a week after google withdrew a similar proposal due to massive.