heineken down more than 5%.asted a drop in profitability that expense more quickly than they expected in brazil, where beer margins are lower. that's putting pressure on the stocks. air liquide also to the downside more than 2%. produce and sell gas like liquid nitrogen, austin red light. first half revenue -- oxygen worldwide. first half revenue operating margins missed and never pointing to light margins as putting pressure on the stocks, as well. siemens is down more than 3%. they missed estimates and the ceo said although the for your guidance they expect to be the same, they are increasing negative currencies affect and investments in the future of the business. matt: thanks very much annmarie hordern with the look at some of the stocks out with earnings today that disappointed markets. earning season continues. we heard from europe's biggest banks last week. this week, barclays, credit suisse, and socgen are due to report. joining us is our senior bank analyst, jonathan tyson. still with us is jimmy conway

we had earnings from heineken. who doesn't like a bit of beer?ans like it so much they are seeing rampant uptick in brazil and that means it is hitting margins. we saw the share price pummeled, as much as 3%, the worst today we are seeing for heineken all the way back three years ago. the reason is they had to guide down their margins for 2018. no longer do we see an uptick of a quarter percentage point. we will see margins downward. they are ramping up in brazil and trying to -- they are spending on marketing and it is not as profitable. they say give us three to five years in the margins will raise up in latin america and support our overall market growth. the market did not like what it heard this morning from heineken. i bring you what was the market move today, gmm that gave you what happened in terms of sovereign bond. we see a selloff across the board and yields higher and everyone focused on the bank of japan having to support the market and come in and buy unlimited amounts of bonds in the five to 10 year spectrum trying to hold dow

. >> heineken shares trading sharply lower after the comp canany cut its full year margin guidance itissed first half profit expectations weighing a hit for currencies se its growing brazilian operation. firm >> it's good and bad news. brazil has lower han our average margin across the group but it growing much faster than why anticipated. so that is very good news the uger half is essentially of the currencies because the euro has been so strong and much stronger than we anticipated. and that weighs on logical the transactional and translation due to the important exchange. throws the two explanations why we have revised our guidance >> for more i'm safe to a say that we're joined by -- head of european equity strategy at deutsche bank. we just heard the ceo explain some thing worse out of their control. but quite a significant revision when it comes to margin guidance >> worry about a long-plan future there and so we're very good you now see a much more health conscious consorbol. heineken are very strategically reliant on what's in europe. >> but is this a growth issue ear margin i

later this morning, we will be speaking to the heineken cfo. she will be joining the team on bloomberg markets, "the european open." after facebook and twitter tumbled, is the worst setting in for faang? this is bloomberg. ♪ nejra: it is 6:19 a.m. in london. hong kong much more sunny than london at the moment. lines coming through from china's state council are for foreign affairs saying that on tradeialogue remains open, but also the u.s. did not fulfill obligations. he is meeting with the u.k. foreign secretary. they are holding a strategic dialogue presser at the moment. the msci pacific index down on the session, snapping four days of gains. internet platforms are set to face tough new content laws in europe as brussels cracks down on hate speech. bloomberg has learned companies including google, twitter, and facebook could face fines if they fail to take down propaganda and hate speech. germany has already passed laws that threaten sites with fines up to 50 million euros for not tackling terrorist content. of serious is set to meet later t

beerorld's second-largest maker heineken is forecasting a drop in profits.n expanding more than expected in brazil where business has lower margins. they said higher raw material costs and the currency headwind will weigh on profits. when you look at the round the world come in europe is performance just performing well. france,ingle out italy, spain, many others. quite a balance. and number of key markets in emerging markets performing well. i will call mexico here and then acceleratingmers recently like cambodia going very fast. and in africa you see performing very well. launched last year and is working very well contributing to all new growth and revenue growth this year. we will bring you more highlights from heineken later in the show. that was your business flash. vonnie: still ahead we will be checking markets. let's take a look at faang partiallyht now suffering from exhaustion. down three and-- a quarter percent. alphabet down 1.4%. investors definitely showing signs with some stocks. take a look as cbs down. this is a big decline for cbs and this

fue presentada por heineken >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >>> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> este año es nuestro , vas a ver que vamos a ganar contra brasil >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪ ] >> [♪

cutting its outlook for the full year after reporting earnings that missed analyst expectations heinekend its operating margin would drop by 20 basis points, compared with the previous forecast of 25 basis point increase the stock down 5%. look ahead to this week. italian prime minister meeting with president trump today at the white house. investors digesting a host of monetary policy statements from the u.s., japan, uk, brazil, and india. meantime, ahead of those statements, eurozone bond deals rising on the back of a strong italian bond auction and positive data from germany the highest level since june this year. back to you. >> thank you seema mody at headquarters. >>> let's get to sue herrera who has a news update for us >> indeed i do thank you very much, david good morning, everybody. here's what's happening at this hour firefighters report northern california's largest wildfire grew to 153 square miles overnight. the carr fire is 100 miles southwest of redding, killed at least six people it also destroyed more than 700 homes. >>> greece's prime minister visiting a seaside resort

the brewer heineken report is 4.5% after profit figures failed for the first half of the year to meet expectations. season, butoliday the tourism industry outside of paris has not been doing well. had an increased number of french people taking holidays in the august traditional. period. foreign visitor numbers were strong. choseears french tourists to travel abroad rather than stay at home. we have also seen a delay because the world cup.p. 2 million french people pushed back holidays. is going on reality more popular than attending universities? stephen: it is according to a study. they say contestants on love island earn more than graduates of oxford and cambridge. frontier estimates those on the show can expect to earn around 1.2 men euros. compare that -- 1.2 million euros. the prize money for the love island contestants is only a small part of earnings. earlier this summer, more british people apply to appear on love island than they did to apply to oxford or cambridge. researchers gave one morning, potentialot factor in cost to your reputation if things go wrong. for anyldn't d

let's focus on heineken. shares are following after expanding in brazil.uys, best 16m buys, 116 holds. set toboard of cbs is meet later today to discuss the future of ceo les moonves. it comes as he is accused of sexual harassment by six women in a new yorker article last week. he admits there are times decades ago that he may have made women uncomfortable due to his advances. bloomberg understands the deal could be worth up to $600 million. it is part of a push into the internet of things. a representative for treasure data did not immediately respond. after union leaders rejected a pay offer, workers at chp in c will reject with the company has said is its final and that is the bloomberg business flash. francine: thank you. time for a bloomberg exclusive. the bank of england governor has told bloomberg he prepares half for brexit. timeys it takes 50% of his and contingency planning, but now it does crowd other things. we are living these stresses. you can read this in the latest edition of bloomberg markets. -- ing us now thank you both for staying aroun

heineken shares are dropping in european trade this morning. the second largest beer make blames some of its more profitable markets and expansion in brazil. that stock is off by more than 4% at this deutsche bank has moved half of its clearings. and winning financial business ahead of brexit. u.s. equity futures suggest ess&p would opener nasdaq opened lower by 19. >> take a look at this week's december agenda. good morning to you, sir we can talk about a lot of things the boost on gdp on friday in terms of president trump and what win that gives him in his sales or not, not just for the rest of the week but perhaps the rest of the year many officials were on the sunday show. unemployment is very low right around 4%. so the economy is booming. a great narrative for the president to tell. the president said you got until labor day. six to seven day as week during the midterms i republicans are very much trying to focus on the message and paint this picture that the trump economy is a great economy. >> talking about the issue of taxes, did you s

heineken.o says that higher raw headwindsosts and currenc will weigh on profits shares fell the most in more than three years a massive bet has been made against nintendo but could way down profits. fornvestor mark predicts but. costs have not hit the lowest yet, particularly in china. . tom: you. tom:. alix: to. alix:. a bloomberg. tv that equities face multiple headwinds, and he is expecting a 30% decline, but stocks have been far yet. . will investors appetite for risk continue despite the selloff the markets held up, over the last year, seeing big increases central banks though, could change that. economic adviser is here joining us, willem h buiter. thank you for being here? willem: thank you for having me. alix: what is the risk of that boj does that, how does it filter through? willem: if they would, it would surprise me, if they did. anything material on the yield curve, it would likely lead to a , ofificant strengthening the yen, which would not be good for japan. so that is i believe

finally, heineken having problems largely because of currencies? very interesting story.ut that. gbc is up 5%. -- gvc. thanks for joining that. gbc is up 5%. -- gvc. thanks forjoining us. shocking footage has emerged of a man hitting a woman in the face in central paris when she told him to stop harassing her. the victim — 22—year old marie laguerre — has shared this video of the the incident which has since gone viral on facebook. it happened last tuesday outside a cafe in the north east of the city. prosecutors in paris have responded to the attack on miss laguerre by opening an inquiry into sexual harassment, although the man has yet to be found. that's it from your afternoon live team for today, next the bbc news at five. time for a look at the weather. good afternoon. the weekend came as a shock to the system, the heatwave came to an abrupt end and parts of northern ireland had over a month of rain in the space ofjust a few hours. but it may only have been a temporary end to the heatwave, still some showers this week, but becoming less windy, and by the end of the we