ghosn was hiding in one of them. the boxes were loaded onto the private jet.eter taylor is believed to have booked a hotel for ghosn and carried his belongings. u.s. media authorities arrested the two taylors after discovering peter taylor booked a flight from the united states to beirut departing wednesday. ♪ >>> it's time for world weather with our meteorologist, millions of villagers rushed to evacuation centers after a severe cyclone made landfall in eastern india, here's more details. >>> a very severe tropical cyclo cyclone made landfall on wednesday aftfternoon. it produced heavy rainfall and also affected much of bangladesh on wednesday. 40 people were killed. strong winds overturned cars, felled trees and knocked down electricity poles in these highly populated areas. storm surges broke through embankments destroying numerous homes. many people needed to be evacuated in a short period of time. although the storm has lost most of its power as it made landfall there's lots of rainfall expected, towards more inland and towards the higher ground of bangla

two men wanted on suspicion of helping former nissan boss, carlos ghosn, escape from japan have beenforces soldier, michael taylor, and his son are set to appear in court in boston later today. carlos ghosn fled while on bail awaiting trial after being charged with under—reporting his income and misusing company funds. war crimes investigators have asked that rwanda's most wanted man be transferred from france to a united nations tribunal today. felicien kabuga was arrested on saturday in paris, where he had been living under a false identity for a quarter of century. he was indicted for genocide in 1997, and is accused by prosecutors of bankrolling the rwandan genocide that resulted in the massacre of 800,000 people. rolls royce, one of the greatest names in british engineering, is the latest major company to reveal the economic cost of the pandemic. the firm , whose main business is making aircraft engines, is to cut nine thousand jobs, a fifth of its global workforce, most of them in the uk. sarah corker reports. derby is a city shaped by manufacturing. rolls—royce is one of its l

ghosn escape japan in this huge black box that's meant to store musical equipment.ple interesting things here mr. ghosn is in lebanon and he can't be extradited. lebanon doesn't extradite its citizens the u.s. however does and we have heard from japanese authorities that they are planning to launch an extradition request that these two men be sent to tokyo to face justice. the u.s. secretary of state would have to approve that request but there's no indication at this point that they would deny it these two men are in custody right now. they're also being requested not to receive bail. thng please don't give them bail because they believe they're a flight risk based on their previous activities. >> the story continues thank you very much. >> can't imagine what the next development in that story and the netflix documentary that's going to come. >> straight ahead get ready for international burger day snoo and a new survey reveals the impact on vacations. i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long

ghosn considered a giant of the auto industry, faced trial on multiple charges but said he pulled off the daring escape because he felt he could not get a fair trial in japan. so as soon as we see that, maybe during "after the bell" we will get that to you. >>> target, let's get to target. some of these stocks that are popping right now. they hit the earnings bull's eye albeit with a slightly dented start. the retail giant reported better than expected quarterly results but half a billion dollar cost of keeping facilities safe and clean that they had to spend for customers, employees, did take a toll. net profit plunged so you do have the stock popping but in the opposite direction, down about 3% right now. that news follows walmart revealing its cleaning expenses tallied $900 million. that also took a toll on earnings, even as online grocery sales surged to a record. looking at walmart stock, we know that walmart has been a real winner during this move over the past couple of months. let's get to lowe's. lowe's stock is on the move, even after both profit and sales surpassed estimate

carlos ghosn denies any wrongdoing.ances,rutiny about alibaba slumped after legislation banning chinese firms from listing or raising money from u.s. investors. the communist party is accused of cheating stock exchanges. the u.s. says they cannot let foreign companies take root. >> it is considered real. if you are taking other people's money in china, there is an expectation there is some level of fraud. >> global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am karina mitchell. this is bloomberg. haslinda: let's look at where we are in terms of the market. mulling the risk coming from the u.s.-china trade tensions. msci index coming down 0.3%. day.down for the second the bloomberg commodities index is lower after a broad-based rally not just in oil and gold, but other metals as well. gold is hovering at seven-year lows. the dollar index pointing up unsurprising when it is risk off today. the vix under 40, but going forward v

—as arrest at the end of last year. — as carlos ghosn.and international charter flights to popular locations resuming injuly. it comes after eu ministers agreed last week to do whatever it takes for the quick and full recovery of european tourism. easier said than done, of course. but with widespread travel restrictions and quarantine rules in place how likely is a summer holiday in 2020? joining me now is martin alcock, director of the travel trade consultancy. martin, good to see you, thank you forjoining us. everybody wa nts to you forjoining us. everybody wants to get out during lockdown, i get back. is there really their desire to travel? good morning everyone. i think we can probably all sympathise without feeling, everyone is desperate to get out. the assumption we are working on is that they will certainly be recovery of travel this year, this summer, but i think we will see the distribution of the recovery very, very uneven. it will be an uneven resurgence in domestic terrorism as opposed to international, europe versus opposed t

for assisting former nissan boss carlos ghosn and his escape from japanese custody go on was stuck out of house arrest last year flown out of japan and into beirut where he remains he faces charges related to underreporting his income and denies all accusations. consumer products maker johnson and johnson will stop selling its how based on baby powder in the united states and canada it said the man had fallen amid questions about the powder safety and a barrage of legal challenges the plaintiffs have claimed for decades the traces of us best those in the talk causes cancer. aerospace engine maker rolls royce plans to cut some 9000 jobs globally as it grapples with the collapse of air travel due to the pandemic a company spokesman said the british government is ready to support the sector as well as help those affected by the layoffs. greece's that's restart its tourism season on june 15th and gradually restore international flights beginning in july rather beginning july 1st to bolster its economy the country's tourism minister said a list of nations resuming flights would be announced

. >>> a former green beret and his son arrested for helping smuggle carlos ghosn out of japan.o challenge the extradition request. his escape involved michael peter and a third man meeting ghosn at a tokyo hotel with two large equipment cases. two days later he turned up in lebanon. >>> millions of americans have the same questions on their mind. what will the covid era office space look like when you go back? that's if you go back at all. cnn's claire sebastian has a look. >> if they move my desk one more time, then i'm quitting. >> this from the movie "office space" is what office spaces used to look like. over the past few decades they've evolved to, this open plans, social hubs like the salesforce tower in san francisco. >> we love to come together. we love to collaborate. we love to have face-to-face meetings. we loved it when the offices were crowded. >> reporter: salesforce has spent the last eight weeks turning those models on their head. this is not a return to cubicals, but there are eerie similarities. >> plexiglass dividers in the open floor plans and meeting rooms

that twoo interesting of those involved in the escape of carlos ghosn, two of those were arrested inrlier on. a bit of a tangent when it comes to what is happening. vonnie: i see that. the father and son. light on details as to how authorities think they might be involved except to suggest they did help carlos ghosn escape from boston to lebanon. we will hopefully find out more about that because it is an interesting story that boston would have been involved in some way. he was captured in japan originally. let's get the u.s. markets. the s&p 500 up 1.5%. all of the major groupings are higher, but not all stocks are higher. the market seems to be taking some solace from the fact that not all retail earnings were awful. there was good news out of those in mixed news from target which sounded the news. the ceo suggesting he does not know what is going on with the u.s. consumer, but some of the checks he sent out -- we have the dow up 1.7% and the nasdaq up 2.2%. to 99.lar index is close we have seen a good amount of weakening over the past sessions. we will get the fomc minutes later

authorities have arrested two men accused of helping carlos ghosn escape japan.e have more on that this morning. hey, phil. >> hey, carl, remember when this happened in december, this was the story long before coronavirus basically dominated everything from the middle of february on? well, this morning the u.s. authorities have arrested peter taylor, 26 years old and another, 60 years old. they both are in the boston area they are awaiting extradition hearings they were arrested at the request of the japanese government they've not been charged by the u.s. government. the u.s. has simply picked them up and they're facing an extradition hearing because arrest warrants were issued in japan for both men along with peter taylor's father, michael taylor, although we don't know if michael taylor has been arrested at this point all accused of helping carlos ghosn escape the country, avoid immigration checks which he was not supposed to do so that is the latest in a story that, guys, it gripped our attention, and everybody at the time said how could they do this how coul

ghosn's departure. a lot of that is starting to heal. know, i think they have made some important steps forward. nothing focuses the mind like the threat of death, so i think, you know, taken a fresh look at the alliance and seeing there's a lot of value here and we should be taking advantage of the rather than trying to tear it down. shery: let's turn to the technology and to the cars themselves out of nissan. how important is it that they get some new models out? christopher: ultimately, you can cut costs until the cows come home, but then your business gets smaller and smaller and smaller. ultimately, the way to grow the business, the way to make it more profitable, is to have fresh product. new product in the automotive industry. it's like sushi. it sells for a good price when it is fresh. when it is a day old, it's cat food. really, really have a new product in the market is really important for nissan, and this is a really tough time to be launching new product right now. next year, hopefully, it will be a lot better. christopher,

escape from japan four pilots, two attendants and an airline executive are all accused of helping ghosn flee to lebanon via istanbul we're back with more "worldwide exchange" after this (vo) our communities need help like never before and wells fargo employees are assisting millions of customers across america through fee waivers and payment deferrals, helping people stay in their homes through mortgage payment relief efforts and donating $175 million dollars to help hundreds of local organizations provide food and other critical needs... when you need us, wells fargo is here to help. you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. >>> welcome back and good monday morning. a new week means new progress in getting america back to some semblance of economic normal

carlos ghosn flee japan. they allegedly smuggled ghosn to lebanon in a box last december.was facing financial misconduct charges, but said that he could not expect a fair trial in japan. israel is under new pressure to abandon plans for annexing parts of the west bank. the top u.n. envoy for the middle east said today that it would deal a devastating blow to any hopes for peace. and palestinian president agreements with israel and the u.s. are void because of the annexation threat. back ithis country, the u.s. supreme court barred the immediate rease of secret grand jury testimony from the russia investigation house democrats had sued for access to the material. but the court denied that u request at leail early summer. that all but guarantees thell documents ot be released before election day.e former vesident joe biden accused president trump and his lieutenants of abusing their law enforcement powers. the democratic presidential nominee-in-waiting spoke via video link to columbia law school graduates today. last night, he rejected mr.formd illegally to push the russia i

carlos ghosn denies any wrongdoing.ours a day, on air and @quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm karina mitchell. this is bloomberg. the u.s. senate has approved a bill that could lead to chinese companies being barred from listing in new york. it comes amid heightened tensions between beijing and washington. bloomberg markets coanchor tom mackenzie joins us from beijing with the latest. what are senators in the u.s. opening to achieve with this bill? tom: they want to inject more transparency and create a level playing field. this is a bipartisan bill that would require companies to certify they are not under the control of a foreign government. if they can't prove that, the company could be banned from u.s. exchanges. potentially it could impact alibaba and other chinese companies listed in the u.s. it is about transparency. it is likely the house is going to start discussing this bill, one of a number of bills introduced in the last few weeks and mo

his comments make a departure from the expansionist policy pursued by his predecessor carlos ghosn. > japanese government has launched a sub-city program for the show business industry which has been hit hard by the coronavirus pandemic. the measure will assist organizers planning to produce videos of canceled performances and viewers overseas. eligible organizers are those that have had to cancel or postpone concerts, plays or other events since february 1st. the government will subsidize half of the production costs inclcluding fees for performrme with the cap of $64,000 per, vent. the measure is aimed at supporting firms that have lost opportunities to earn revenue and also hopes to attract more foreign fans of japanese entertainment. ♪ ♪ >>> the u.s. has reached a grim milestone in the battle against the coronavirus. more than 100,000 people have died and about 20% of the global fatalities of the virus. new york has been the hardest-hit city. the u.s. has the highest number of confirmed infections at 1,694,599. according to a tally by johns hopkins university worldwide cases have

me so and mitsubishi motors and it struggled since the arrest of its former chief executive carlos ghosn in twenty eighteen. the corona virus pandemic has worsened the company's fortunes with sales declining 25% in the first three months of twenty twenty. the french state owns a stake in her now and has been in talks with the company for five fifteen euro low gary. tell us here at the mall news offer also for about fifteen minutes time. he which i did. helloo and welcome to the e interview on france t twenty y four. how does the u. s. view the latest current affairs in the arab world so and we will discuss this with the us assistant secretary of near eastern affairs david schenker. chuckle at that the v. hello andnd welcome to france and for mr shanker. but i mean if we if you if you had to have that libya has been making headlines in the past few days how do you view the situation in the country considering the role that m made tornn powers m mr rh and esescalating the war. we hae made clear. we support an immemeate. cease firire thehe secretetary of state mike pompeo spoke with- the dn

people have been charged in turkey in connection with the escape of the former nissan boss carlos ghosnr. they face charges including migrant smuggling and failing to report a crime. deforestation in brazil's amazon rainforest rose sharply last month as government monitors left the area. environmentalists say president jair bolsonaro's policies and rhetoric encourage illegal activity, but the president denies this and has authorised the deployment of the armed forces to the region. more now on friday's ve day commemorations. across the united kingdom, people have been remembering the sacrifices made during the second world war and celebrating the freedom that came with victory. our home editor mark easton considers the legacy of the generation that brought victory in europe three quarters of a century ago. the essex village of dedham is chocolate box britain, symbolising the way of life defended in the war and the freedom celebrated on ve day. 75 years on, and locked—down dedham is looking to its oldest resident to help rekindle the spirit that saw the country through some of its darkes

carlos ghosn fled while he was on bail, awaiting trial after being charged with under—reporting his incomes. he has denied any wrongdoing. cameroon's president, paul biya, has addressed the nation for the first time since coronavirus was detected in the country on march the 6th. mr biya urged people in cameroon to remain calm, trust the government and join the fight against the disease, in a broadcast on state tv. san francisco has opened its first official camp for homeless people, just steps away from city hall. officials are calling it a ‘safe sleeping village'. there are designated spots to ensure social distancing between tents. the city had already been using empty hotels to provide shelter. san francisco had a major homelessness problem well before the coronavirus pandemic. rolls—royce is cutting 9,000 jobs, most of them in the uk. the engineering company makes most of its money from plane engines. it's warning it will take several years for the airline industry to recover. unions have accused the company of "throwing workers under the bus." but rolls—royce says the impact of the pa

carlos ghosn fled while on bail awaiting trial after being charged with under—reporting his income andnied any wrongdoing. san francisco has opened its first official camp for homeless people, just steps away from city hall. officials are calling it a ‘safe sleeping village'. there are designated spots to ensure social distancing between tents. the city had already been using empty hotels to provide shelter. san francisco had a major homelessness problem well before the coronavirus pandemic. rolls—royce is cutting 9,000 jobs, most of them in the uk. the engineering company makes most of its money from plane engines and is warning it will take several years for the airline industry to recover. unions have accused the company of "throwing workers under the bus." but rolls—royce says the impact of the pandemic "is unprecedented." a major cyclone has been moving across parts of bangladesh and eastern india making the challenges of staying safe during the coronavirus pandemic much more difficult. at least 15 people have died and more than 3 million people were forced to leave their homes mo

carlos ghosn fled while on bail awaiting trial after being charged with under—reporting his income andny wrongdoing. cameroon‘s president, paul biya has addressed the nation for the first time since coronavirus was detected in the country on sixth march. mr biya urged people in cameroon to remain calm, trust the government and join the fight against the disease, in a broadcast on state tv. san francisco has opened its first official camp for homeless people, just steps away from city hall. officials are calling it a ‘safe sleeping village'. there are designated spots to ensure social distancing between tents. the city had already been using empty hotels to provide shelter. san francisco had a major homelessness problem, well before the coronavirus pandemic. rolls—royce is cutting 9,000 jobs — most of them in the uk. the engineering company makes most of its money from plane engines, and is warning it will take several years for the airline industry to recover. unions have accused the company of "throwing workers under the bus." but rolls—royce says the impact of the pandemic "is unprec

s. police arrested two men over the escape of carlos ghosn. from custody in japan. federal prosecutors in massachusetts say the former us green beret michael taylor his fifty nine. and a some pizza who's twenty seven help going to. last year flew to lebanon to avoid trial in japan of the alleged financial wrongdoing. former head of the whole no nissan mitsubishi was allegedly smuggled out of the country and carefully planned staying. going apparently hidden in a large instrument case to evade. the japanese. police more on that as a develops more news to stay with us you wantnt to. twenty four. arctic is going to be exploited. and the scale of this expectation willl only grow we have a beautiful planet we need to protect it so. thahat we can use space exploration to better understand it. we we've moved from. that really to do but- john and down to earth we're explored the incredibly complex relationship between humans and ourur plan. we're hee to the tough questions and find answers t that might just surprise. down to a constant four i'm twenty four .com. twenty twen

two men arrested in the united states on suspicion of helping the former nissan boss, carlos ghosn, to. michael taylor, a former member of us special forces, and his son peter appeared by video wearing orange prison jumpsuits and face masks because of the coronavirus pandemic. war crimes investigators have asked that rwanda's most wanted man be transferred from france to a united nations tribunal today. felicien kabuga was arrested on saturday in paris — where he had been living under a false identity for a quarter of a century. he was indicted for genocide in nineteen—ninety—seven and is accused by prosecutors of bankrolling the rwandan genocide that resulted in the massacre of eight hundred thousand people. the continent of africa has yet to see the kind of numbers of infections and deaths, seen in other parts of the world, as a result of coronavirus. the latest figures show just under 3000 deaths, across the whole of africa, and experts are already saying that some valuable lessons could be learned, as our senior africa correspondent anne soy reports. in the heart of mogadishu, it's

accused of helping former nissan boss carlos ghosn escape from the country japan issued arrest warrants for michael taylor a former u.s. special forces soldier and his son in january japan says they helps go on avoiding financial misconduct trial by fleeing to his childhood home lebannon the total number of coronavirus cases worldwide has passed $5000000.00 that's according to attorney by johns hopkins university the virus has killed more than 320000 people in lockdowns aimed at containing it have devastated economies around the world iran says more than 10000 health workers have been infected by call the 1900 the outbreak began is among the worst affected countries with nearly 127000 infections more than 7000 people have died during the pandemic. those are the headlines on al-jazeera and that's it for me fully back to book coming up next year it's inside story i hope you do stay with us. is the world health organization on life support its response to the coronavirus and then it is to be scrutinized by a number of states with holes for change growing louder all the lessons to learn for

is an ex green beret so they were possibly part of it they were in japan during the time of carlos ghosn diskeeper there were also 7 people who were from turkey that were arrested there was 4 people that worked with them 2 of them were pilots and 2 flight attendants so we don't know who's involved in what but right now obviously they're trying to cover themselves because karl is gone said he was a hostage and now he's free in his country of lebanon and supposedly he's working on a movie end of books are the real curious to see what he has to say the whole escape from from japan was definitely an interesting one so we'll be sure to follow it to see what happens here lauren fix the car coach it's all the time we have for today but thank you for your time. thank you. markets are mixed this week amid growing u.s. china tensions and hope of a possible corona virus vaccine let's start in russia where the mo x is up on the week the ruble hit some 10 week highs on thursday at $71.00 versus the u.s. dollar but it weakened on friday as oil prices slid russia's central bank said friday there is no

carlos ghosn fled while on bail awaiting trial after being charged with under—reporting his income andg company funds. and greece has announced plans to re—open its holiday resorts from next month. all across europe, countries whose economies depend on tourism are trying to prove it is safe to re—open, before the summer. hello, and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the former conservative pensions minister ros altmann, and the journalist and author, mihir bose. the front page, starting with... the daily mirror shows a packed southend in essex earlier today, saying pressure is mounting on the government to launch its track—and—trace system to avoid a second wave of coronavirus. the daily telegraph's front page also shows a busy beach — this time bournemouth — and looks at how the government plans to use this system to get some pupils in england back to school by1june. southend once again, this time in the daily mail, which says any restrictions of the lockdown in england will only be lifted once the government's tracing system is

well, the alliance has been trying to steady the ship, since the arrest and reappearance of carlos ghosne seen fairly substantial cuts at nissan as well this week, so they are also reducing ofir output and sort shrinking the amount of models they are making. what the alliance is trying to do now is sort of get on a french path and get even again and sort of put the whole mess that they have been through in the past year behind them. francine: benny, thank you so much, benny kammel there, and you are watching live pictures of that renault press conference. later today, we will be speaking to the chief executive of renault, clotilde delbos, at 11:30 a.m. this is bloomberg. ♪ this is bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. francine: ec

obviously, carlos ghosn was a growth in volume guide. heard him saying that the company has to change to value at this point. matt: very interesting stuff. i am going to sit down with the ceo of renault tomorrow, so maybe we will bring you a bit of that on this program as well. at theup, we are nearly end of the month. rent obviously do. we will discuss the health of the real estate market with the ceo of the new york-based real estate credit asset management company, coming. this is bloomberg. ♪ ♪ from berlin, i'm matt miller, with vonnie in new york. time for futures in focus. oil extended declines after an increase in u.s. crude inventories for the first time in three weeks. i think we are going to get the doe number a little later. let's bring in bob iaccino, chief market strategist and someone who is really looking at trading these contracts. what do you think about the oil right now? think,ly, supply is, i the question, as nobody is wondering about demand. good morning. i think you are looking at a market that might be a touch over

more details have emerged about the men accused of helping former nissan boss carlos ghosn escape froma former green beret and his son appeared in court via video link in massachusetts for a hearing that could lead to extradition. michael taylor and his son peter were arrested wednesday at the request of japanese authorities. has 35 daysernment to file an extradition request. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm karina mitchell. this is bloomberg. haidi: we are just getting data points when it comes to new zealand. the consumer sector, retail sales excluding impact inflation for the first quarter coming in at a contraction of 7/10 of 1%, actually better than expectations of a contraction of 1.5% but reversing the 7/10 of 1% gain that we saw in the previous quarter. we have seen retail as well as inflation expectations really ease to essentially flat in new zealand given the strict lockdown that that country has only recently emerged from. tensions between china and australia intens

ghosn denies any wrongdoing. >> as the coronavirus continues to wreak havoc on global economies, thes has released a new report with some bleak findings. in their midyear economic analysis, they projected the world economy to shrink by 3.2% in 2020, erasing nearly four years of output gains. joining us now is united nations assistant secretary general for economic development and chief economist in the u.n. department of economic and social affairs, elliott harris. great to have you back. of course we know that governments and central banks around the world have really tried to stimulate their economies and yet about 2/3 of the world's population in developing economies don't really have the fiscal or the monetary capacity to help their own economies. so how big will this gap be between the richest and poorest countries and how will that affect the recovery? >> i think that is indeed one of the biggest challenges that we face. is that this is a universal crisis, but it doesn't affect us all equally. that's the reason we've been calling from the outset for a consolidated and coordinat

to more electric car production and the fallout from the arrest in 2018 of its former boss, carlos ghosne the french carmaker says it will cut 15,000 jobs worldwide, including 4600 jobs in france. part of a cost-cutting plan. >> the plan is not only defensive, it is also an offensive project since we are looking to reduce our fixed costs by 2 billion euros within three years. it is to establish a competitiveness for the group. reporter: the french government has a 15% stake in considering a $5.5 billion loan to help it as the carmaker focuses more on electric vehicles and keep as much production in france as possible. financial aid that may rescue one of france's iconic brands, but it won't help those who lost their jobs. the touch of other, al jazeera. anchor: still to come on the newshour, the reopening of schools suspended in south korea after a sudden spike in coronavirus cases. and, not eating for 17 days. how britain's poorest are suffering from the coronavirus lockdown. ♪ ♪ distinct difference now between the weather in eastern europe and the weather for the west. it may not look

and mitsubishi were battling to re—organise their huge alliance following the arrest of boss carlos ghosnand followers vehicles for all brands will be produced in the most competitive set up, including grouping older production, if releva nt. grouping older production, if relevant. compared to our current performance, this scheme will reduce by 40% our model investment. this is around 2 billion euros savings on the future renewable of our suv models. joining me now is anna—marie baisden, head of autos research at fitch solutions, here in london. thank you forjoining us. we got this figure of up to 20,000 jobs to go. would you concur with that? yes. nissan, even before the coronavirus, was in a difficult financial position and the coronavirus in the last quarter of the financial year has made it much worse. we've also seen renault talking about the need to restructure on the back of its first loss so it will take wide spread job cuts and with a strategy the alliance is talking about and the fact that each brand will focus on the different geographical vehicle or vehicle segmentation, then

. >> it has been a difficult year and a bit for nissan with the departure of chairman carlos ghosn andiculties. what is the mood like? now there are geopolitical issues in hong kong and china where you're trying to take the lead in this three party alliance as well. improvence is a tool to the performance of each company. this does not change as we announced yesterday. for nissan, when we looked at is transformation plan, it based on prior focus. u.s., china and japan are the biggest automotive markets. we have the biggest share in the markets. china is recovering fast. we have a strong product lineup. we are going to invest more and more in china. we do believe the recovery we are seeing in china in terms of market share will go. china remains one of the most important profitable growth markets. efforts inding china, north america and japan. how concerned are you about the renewed tension between north america and china? >> i think nissan being a global company, we always align with the geopolitical context. enoughanization is agile to go for globalization when the markets are eclipsi

carlos ghosn making a highly publicized escape in japan and landing in lebanon.t: susan, thank you very much indeed. now this. 11 madison park, truly great restaurant. one of the world's best. it is in new york city. come in the restaurant ture who is with us this morning. will, i'm hering that that restaurant, beautiful restaurant, white table cloth not going to reopen ever. is that halfway accurate? >> you know, i'm here on behalf of the independent restaurant coalition which is -- bunch of people just seven weeks ago and we represent 500,000 independent restaurants across the country. i'm not just talking about the white table cloth restaurants. i'm talking about your local pub where you get drinks with buddies after work, all the way down to the diner here, the pasta joint, all of it. we're all -- stuart: you said they will not all reopen. you said a very large portion will not reopen. so carry this forward here. i know you were in the meeting yesterday with the president. what specifically did you ask for in terms of help for the restaurants from the preside

we seem to be in the midst of a global revolt ghosn the political elites. political elite's created post world war ii international order and who for the past 70 years have been running everything. running everything into the ground as far as a lot of ordinary voters are concerned. internationally we're seeing a rise in xenophobia and jingoism and author tarynism and the european union in shambles to the deeply sinister activities of vladimir putin and xi jinping, taking measurements for the new iron curtain. you would think that this would seem worse to ordinary voters than a mere standard issue, political elitism of a jeb bush or hillary clinton but the plate al political elites did in part create their own problem. over the past four generations the hallmark of the political elites has been the expansion of political power. political power is expand in size and expense. one third of the world's gdp is now spent by the politics in governments around the world. one out of every three things you make is grabbed by government. if you're your cat has the kit

restructuring plans this week that will serve as a peace treaty over ties of their previous boss, carlos ghosnt thousands of jobs. apple will begin reopening stores in japan this week after being shuttered for months because of the coronavirus. o on wednesday. two will open on wednesday. apple says there japanese stores will require temperature checks, the use of masks, and social distancing. twin: tictoc and its china rank top in the world in terms of apps in april according to new data. it excludes gains from advertising. did better than expected. let us get some analysis from our asia tech reporter. how did meituan fair in the first quarter? we are having these pandemic or lockdown beneficiaries -- what does the outlook look like? >> we know meituan is one of the most vulnerable players in china. a large output as it is servicing food delivery and others. but for the first quarter come it did ok -- but for the first quarter, it did ok. into their new segment including -- building and a new online grocery platform, the revenue in that segment actually grew year-over-year. and for the rest of

uscourse, carlos ghosn arrested in 2018 followed by management terminal an aging vehicle lineup.us has changed the dynamic. nissan needs to retrench and take a hard look at its cost and there out how to preserve business it has rather than chasing growth. haidi: what are the most see stomach issues that would manage to address -- systemic issues? >> the plan is calling for ¥300 billion in cost cuts, to put a billion dollars, based on a reporting. they are going to take a hard look at production lines, and look at marketing research, manufacturing costs. that is essentially going to bring down the companies capacity - company's output capacity to 5.4 million vehicles per year, down from 7.2 million, and that should improve profitability. the question is where is sales going to go in the current environment? and renewing the lineup. nissan plans to introduce a new rogue, a small crossover suv, in the u.s. later this year. that is going to address some revenue issues it faces going forward. haidi: our bloomberg senior editor there in tokyo on nissan starting today. let's get you a l

mitsubishi were already struggling to reorganise their business following the arrest of former boss carlos ghosn face learning. our correspondenent shaimaa khalil has been finding out how everyone is adjusting. back to school after nine weeks at home. go and pop your bag in the classroom. a familiar place in very different times. even the school drop—off has changed. a quick goodbye at the gate and hand sanitiser to start the day. watch over the students, teachers and families of st columba‘s. there are no more big gatherings st columba‘s primary. morning assembly and prayers now happen in small groups. ..and the holy spirit, amen. and in pe classes, contact sports are out. almost everyone is back in the classroom here but social distancing with children in school is tricky, if not impossible. instead, the focus is on good hygiene and doing what they can to minimise the risk. after getting to grips with learning from home, students now have to adapt to the new safety measures. a bit different to when i left. there‘s hand sanitiser in all of the classroom, lots. so we have to use that when we eat

under the guidance of carlos ghosn, nissan was very aggressively expanding. offered very steep discounts which some said cheapened the brand. they will be announcing a new plan may 28th and they are going to bring a whole new refreshed lineup, more expensive, greater profitability, greater pricing power, and they are going to try to turn around with more alliances, too. they will get together with mitsubishi on a project, with renault in france on another project. bottom line is the focus is on the u.s., china and japan and they will put their saved resources from elsewhere into those three markets. stuart: the stock is at $6 a share. my, how times change. ash, thank you. >>> microsoft, the stock is up this morning. got a gain of $3 a share right there. by the way, windows 10 is finished. what's the story there? the full story, susan? susan: i wouldn't say finished. it's updating but it's coming with a lot of flaws. a lot of people don't want to use it. windows 10 says that look, they fixed the zero day vulnerabilities which was access points for hackers to g

mitsubishi were already struggling to reorganise their business following the arrest of former boss carlos ghosnng in france, as lockdown measures continue to be eased, the prime minister has announced a re—opening of bars and restaurants, which he said were a central part of the french way of life. parks and gardens can open this weekend, and in some parts of the country, schools are preparing to open next week. rich preston reports. police enforcing social distancing in paris. reminding people to keep apartand to in paris. reminding people to keep apart and to stay in groups of fewer than ten. now, as the country enters its second phase of lifting lockdown restrictions, restaurants and bars have been told they can reopen next week. wedding staff will have to wear masks and in badly affected areas like paris, only outside terraces can be used. translation: we are exhausted by this invisible enemy that has exhausted our morale, that will maybe bring us to our knees financially. parks and gardens will open as of this weekend, their gates locked shut since march. translation: the virus is still pr