volumes are down. >> it isis similar to heineken heineken is seeing the premium trend outside of vietnamhich is a key weak spot for them. i was listening to the conversation with "squawk box" hosts and heineken is known as an em play massive investment and focus on emerging markets they asked the question of disadvantage or advantage right now to be an em play in beverage long term is seen as an advantage. clearly right now, the emerging markets are the source of the problems for heineken. >> one can't forget the grain deal is one to look out for especially with heineken who will be impacted by the -- if it goes the way it goes -- wheat prices yes, a lot cheaper than before, but could still remain at a level that isn't necessarily wanted for the likes of heineken even diageo to a certain extent could be suffering interesting. we will take a look at this and have a drink on it later >> i look forward to it, arabile. >>> let's turn to the chemical sectors. covestro net profit fell in the second quarter along with the 20% drop of sales. the german chemicals company said results would be in

one and sending points for the dow jones. >> the dutch brewer heineken completed its exit from russia, selling the business in the country for a single year old. the bill maker will incur a total loss of 300 million heroe when heineken was facing criticism for the delay in exiting after the outbreak of the war. >>> after long and heated auction the popular sandwich chain subway has a new owner acquired by roark capital grou for nearly $10 million. they own fast food outlets like dunkin donuts and arby's restaurant. the owner plans on updating and expanding the menu the acquisition brings to the and the subway near six decade run as a family-owned business. >>> the sec says that wells fargo oh charge nearly 11,000 investment accounts with advisory fees and wells fargo says agreed to pay $35 million of civil penalty to settle the allegations. that affected certain client opening accounts from 2014 through the end of 2022. >>> it is been a very active weather week widespread throughout the bay area. we kicked off the week with a tropical storm bring in mugginess. halfway through the week

the sense of gloom in your biggest, the call touched brewing company heineken is leaving russia for good. the company is sold all the chairs and 7 boards to a russian buyer for the symbolic price of one year of booking a $300000000.00 human loss. heineken had come on a criticism for its made exit company had long stopped selling its namesake beer, but was still hawking no sir. francis plans to spend 200000000 years to destroy wind because of over production demand for lina's fall and drastically because of climate change. and people drinking less wine girls believe of rooting divines will help stimulate prices. some wine can be recycled at hand sanitizer and christmas and that the technology, according to us, scientists, paralyzed people who been unable to speak, are able to talk again, things to artificial intelligence and brain implants. the tech is still experimental. to separate studies on people with locked in syndrome show it's possible for computers to de code brain signal from implants into spoken sentences . anything is possible to and it's life changing tech. the 47 year old su

a 300000000 euro loss heineken had come on. a criticism for its made exit company had long stopped selling its namesake beer, but was still hawking lesser known brands. france plans to spend 200000000 euros to destroy wind because of over production demand for lina's fall and drastically because of climate change. and people drinking less wine girls believe of rooting divines will help stimulate prices. so mine can be recycled at hand sanitizer and christmas and that the tech now, according to us, scientists, paralyzed people who been unable to speak are able to talk again, things through artificial intelligence and brain implants take still experimental to separate studies on people with locked in syndrome show it's possible for computers to de code brain signal from implants into spoken sentences. everything is possible to and it's life changing tech. the 47 year old software to brain stem stroke, 17 years ago that left her unable to speak with a new experiment using ai and brain implants could change that to our wonderful th

that is because the downturn in heineken stock.morgan has upgraded heineken after the selloff to overweight. his price target is now 110 euros. basically saying that also some of the cost pressures will be easing more for them and potentially some of their competitors. switching things up, the wind turbine maker, this is the title of the story. i do not need to make this plan, but i will have to bank. the wind turbine company is using -- sees easing headwinds. company upgraded to a buy. some of those easing headwinds are inflation, stabilizing supply chains, and higher u.s. orders. also low cyclicality in this company. at the same time, we have seen those shares drop they are thing it is a buying opportunity. market agrees, up barely 2%. this is bloomberg. ♪ even from the first call. [graduate] my advisors consistently reached out and guided me along the way. - it was like i was talking to a friend, like someone that i had known for years. - the instructors were very helpful with everything that i was going through. [announcer] we'

the transaction received all the necessary approvals, the company said the new owner will pass heineken'sussia including seven breweries. at the same time, all jobs will remain in as a result of leaving the russian market, the concern's losses are estimated at 300 million euros. sberbank will pay 3 billion rubles to the russian budget. the excess profit tax was announced in the press service of the bank, the amount will be paid before the end of november, which means that the payment will be calculated at a preferential rate of five, not 10%. the bank noted that following the results of the past year , they replenished the budget by 310 billion rubles. sberbank sent another 565 billion to dividends, let me remind you, one-time taxes on excess profits, the so -called vinfoltex , were signed by president vladimir putin on august 4 and losses m.video eldorado group grew by a quarter in the first half of the year, exceeding rub 4.5 billion. this is stated in the report of the retailer revenue in the red by 18%. the total amount of almost 180 billion, the decrease in performance in the company

dutch concern of 100 million the euro deal was for the businessman to transfer heineken's remaining assets in russia, including the families in the wrecked factories. at the same time, all jobs will be saved as a result of sberbank will pay 3 billion rubles to the russian budget. the excess profit tax was announced in the press service of the bank by the amount in oil of five, and not 10%. the bank noted that following the results of the past year , they replenished the budget by 310 billion rubles. let me remind you that on august 4, president vladimir putin signed another 565 billion. capital companies became participants in the national project labor productivity of more than 3%, and wages by 19 , the moscow authorities announced this during the urban forum a certain equator for the implementation of this national project. after all, in the capital. unlike other regions. it was launched only by the number of involved participants in the national project. these are more than 160 enterprises that double the average enterprise shortage of personnel, especially skilled workers. and while we

rbc has upgraded heineken less than 12 hours after it first cut it. the analyst said that it was brought to his attention that some of the metrics he had used on the high-end -- heineken spending on things like ads were incorrect. this was something that happens with the sell side. i broke my nose with -- i brought my notes with me. i am not sure of optics are the main , i think honesty is nonnegotiable in my job. once i realize the downgrade was based on a incorrect premise, there was no choice. you get the quick turnaround from the chair upgrade. not seeing any reaction. cmc, the market trading company. jeffries had cut this saying they had profit warning after profit morning. we are in the environment were cmc market has kind of normalized. though shares falling six and a third percent. i want to show you the 52 week highs of the day it will not come as no surprise to you that ubs is on the list. we also have a rolls-royce and king span, both of them had -- recently. finally, as the parent company hit a high earning. the close is up next. this is b

. >> todd: interesting and obvious comments from ceo heineken.ng with dylan mulvaney has lost billions of dollars in market value. ceo of heineken, dowell,f vander brink explains why balance is important marketing tool. >> particularly in the western world, we see a lot of polarization in society. you have to be balanced and stand for your values and principles and we try to do that to best of our ability. >> cheryl: to be clear, this partnership with dylan mulvaney caused problems issue including they lost the top spot and now it is modelo. in the wake of the bud light disaster are reevaluating how they market and advertise and does it make smart business sense to pick up on social issue in the main-stream thoughts. >> carley: if you are just waking up issue good news, everyone is a winner, even if you lose. >> cheryl: thank you, krispy kreme, if you didn't win the jackpot, you get free krispy kreme. now over a billion, not biggest prize we've seen, this is fourth largest prize, biggest was 2.04 billion. no one matched friday's numbers. if you h

heineken announced it's selling its business in russia for just one euro. the company is selling to the russian manufacturer arnest group and will lose around $325 million. the dutch brewer announced its plan to withdraw from the company last year after moscow invaded ukraine, but heineken was slow to exit. the company said it was trying to look after local employees. >>> and starbucks confirms it's looking at scanless pay, which is a contactless check-out method. it can identify a starbucks app user's current location when they're in the drive-thru lane. the experience is currently being tested with employees. kelly, back to you. >> scanless pay that can i.d. you in the drive-thru. >> cash is going away. >> i've never paid with cash more because they charge you 3% everywhere if you want to use a credit card. i don't know. little bit of both. see you soon, tyler. thanks. coming up, home ownership getting increasingly more unaffordable with home prices high and the rate on the 30-year fixed mortgage firmly above 7%. but zillow home loans says there's a solut

heineken. y... play station.om) ¿comprar todo tamaño industrial? ¿ese es tu plan para ahorrar? obtén ofertas en vehículos selectos (dad) parecía una buena idea. (daughter) pa' necesitamos un refri más grande. (mom) tengo un mejor plan: nos cambiamos a myplan de verizon y nos dan un teléfono nuevo gratis. (daughter) ¿un teléfono gratis para cada uno? (mom) y en una red increíble. es un buen plan. (dad) es un buen plan. podríamos ahorrar dinero... y espacio. (son) y volver a usar el sillón. (vo) cambiate a myplan de verizon. y llévate el nuevo samsung galaxy z flip5 por nuestra cuenta. es tu verizon. ¡alex! ¡ah, mateo! ¿cómo va el negocio? muy bien. ese préstamo ayudó muchísimo. para eso está u.s. bank. ¿y están creciendo en california? sí, al sur, al norte, este, oeste. -¿monterey? -sí, mi rey. -¿sucursal en ventura? -estoy segura. -¿cajeros en fresno, no? -en fresno, sí. -¿en orange? -tambienge. ge...ge.. ok, está bien. u.s. bank, número uno en satisfacción de clientes de banca personal en california según j.d. p

the netherlands, the dutch company heineken brewing beer, officially left the russian market. they sold their entire business for $300 million. it is estimated that this is the net loss of the company for one euro . the symbolic russian company arnest, which until now was engaged in the production of air fresheners for toilets okay, russians, enjoy new beegirls with a fresh, so to speak, smell , dear friends, then we will return to the studio after a short break and continue our conversation, we will have guests pavlo gudimov and let's talk about the sculpture, i'm sure, which appeared in stryi park in lviv and stirred up the whole of ukraine, uh, someone is defending it, someone is against it being in a public place, but how should it really be , stay with us, let's talk further, buy medicine on the plantain website .com save time and money pain can become an obstacle because stairs are not with my knees from knee pain try dolegit cream dolgit cream relieves pain reduces swelling and improves joint mobility you can also walk dolgit the only yellow cream for joint pain and wit

man of destruction to be honest, to put it bluntly, it leads to poverty, that is, when a year ago heinekenod penny from it, he waited , waited, waited, and then it ended with what is now purely symbolic, in my opinion, for 1 dollar or 1 €, they suffered losses of course, the chess concert is a very large international corporation with yard a rotations, that is, it is not critical for them, but it will be unpleasant, there may be questions for the management of the vaccinators. and why did you guys leave russia so that instead of earning something there in fact, they suffered enormous losses. so, to the question, lesya, do you know international corporations? international , when we talked about international economic large corporations, how can you compare them with states within a state, and they are too bureaucratized, even you can’t imagine how on the level of state structures, at least, and they are very careful in their policy and when pre the belarusians invited me to the belarusian chamber. you know such a celebration of democracy in belarusian for literally one minute, this is a vi

the dutch brewer heineken has left russia by selling its operation there for i left russia by sellingn firms, including mcdonald's and starbucks, stop their operations in russia when the country invaded ukraine last february. 0ur reporter has been looking at the big brands making that same move. so what can i making that same move. so what can 1 euro by you in russia? apparently seven breweries that employ 1800 people. earlier, another be a giant, carlsberg, couldn't even get that price and completely lost all its assets, being seized by the russian government, as well as food company danone. britain has signed a decree saying that the russian state would manage shares belonging to danone, and now it is owned by this guy, a nephew of the church in leader. in another1 euro purchase, in october last year, car manufacturer nissan sold its operations for this exact price, and they were estimated to be worth over 600 million euros. brands have been exiting the russian market since the full—scale invasion of ukraine, losing profits and assets. mcdonald's close doors to its 850 restaurants,

heineken lower profit guidance earlier this week because of waning consumption, and higher inflation has meant people are drinking less beer. those results we have from ab inbev. a sale expects full year revenue to grow ahead of ebita. we keep an eye on those results from ab inbev. we also have results from lufthansa, the german airline. it says it sees full year profit above 2.6 billion euros on a strong outlet for the second half. it sees third-quarter adjusted ebit exceeding the pre-crisis level. and report second-quarter revenue of 9.3 9 billion euros, only beating estimates by a whisker. it is battling the likes of ryanair and wizz air for passengers in the cost-of-living crisis. shares up 13% today. more earnings throughout the program. coming up, the bank of japan steps in with unscheduled the bond buying for a second time this week. and coming up, after that net interest income miss from ing, i'll be speaking to the cfo tanate phutrakul. stay with us. this is bloomberg. ♪ lizzy: the move by fitch to downgrade u.s. government credit has put renewed focus on the nation's debt t

so heineken has announced they're selling their russian division for a very token price of 1 euro.existing the war quickly enough. they've now said they're going to be selling their russian business to a manufacturing group in russia for a token amount of 1 euro. that i will be taking a 300 million eurohit on their balance sheet. over 1,000 companies have now publicly announced they're voluntarily curbing operations in russia since the war started. >> all right. 1 euro. cnbc's joumanna bercetche live from london. thank you as always. >>> still ahead on "way too early," will there be a government shutdown when congress returns next month? we'll look at the busy house calendar and whether lawmakers think they can get it all done. representative debbie dingell of michigan will join us. we'll be right back. we'll be right back. honey... nyquil severe honey. powerful cold and flu relief with a dreamy honey taste. nyquil honey, the nighttime, sniffing, sneezing, couging, aching, fever, honey-licious, best sleep with a cold, medicine. white 80...! white 80...! hello patrick mahomes! hut..

. >> yeah, actually heineken posting their vietnamese operations have really suffered a big blow thenputting down their guidance saying the remainder of the year is going to be actually very difficult for them when it comes to production. but it's weird, actually, because it is only that part of their business. out in asia really being the very difficult one, saying that the rest of the business is actually fairing fairly well, when one considers the fact consumers are premieratizing, is the word being used lately. they're going for more premium brands and not drinking more volumes but drinking more quality. >> beer sales down there, and as we just covered governor ron desantis can't get people to have beer with him for a $1. cnbc's arabile gumede, live from london, thank you so much. >>> still ahead here on "way too early," texas governor greg abbott is defending his decision to build a floating border wall along the rio grande in an effort to slow migrants from crossing into the united states. why he says he won't back down. you're watching "way too early." we'll be right back. g "w

heineken has announced its departure from russia. sold its business in the country for a symbolic single dollar and will take a $323 million loss from the deal. when moscow launched its full-scale invasion of ukraine in february, 2022, a slew of multinational companies left russia or at least announced plans to do so. over the past 18 months, the kremlin has made it increasingly difficult and expensive for western firms to try to sell their assets in russia. >>> the professional wrestling world is mourning the loss of former wwe champion bray wyatt. world wrestling entertainment says the 36 died unexpectedly on thursday, no cause of death or location has been released. wyatt won the wwe championship in 2017, wrestled as multiple characters during his career including as leader of the wyatt family group and as a nightmarish masked alter ego called the fiend. he was the son of wwe hall of fame wrestler micro rotundaa. >>> and the oppressive heat continues to hold its grip on a large portion of the u.s. today around 100 million people a

but remember, heineken had to cut its profit forecast this month.so it'll be interesting to see what the ceo has to say. that interview up shortly here on bloomberg tv. you might want to stick a carlsberg in the fridge as well, because at 11 a.m., you're going to be keeping a sneaky eye, i'm sure, on the women's world cup semifinals. it's australia's matildas versus england's lionesses. you can see they how they fared in previous matches on the screen here. and speaking of inflation, here's how their economies compare. a common denominator in the two of them, though, is of course, their favorite show, daybreak europe. up next, markets today. this is bloomberg. the omaha steaks anniversary sale is here right now. we're offering 50% off site wide. the only number that hasn't changed is our 100% guarantee that you'll love every bite. and if you've never tried omaha steaks, save an extra $30 with promo code. first time visit omaha steaks dot com slash tv today. why wouldn't you want to save 50% on 100% satisfaction just a little bargain hunting wisdom f

and these are small businesses, the big boys, the heineken's of this world, they're putting their prices. the 14, 16% across the board. the supermarkets will be able to absorb those differences that supposed to have made the difference between us and the pub, but it's a small business. men like myself, like hundreds of others like us. i know the small brewers and the distillers that will be hit, right? >> well, you're standing up victoria fighting the victoria and fighting for the industry. go on it industry. please go on doing it and thank joining us and and thank you for joining us and telling the truth. telling us the truth. the reality evening. thank you. reality this evening. thank you. now, there's been something of a gin boom country over the gin boom in the country over the course last few years. course of the last few years. i've even got involved in it a little bit myself. and i'm joined now by stephen joined right now by stephen russell, founder of the copper rivet kent . hello rivet distillery in kent. hello there. welcome the program . there. welcome to the program. i'm, as

and these are small businesses, the big boys, the heineken's of this world, they're putting their pricese 14, 16% across the board. the supermarkets will be able to absorb those differences that supposed to have made the difference between us and the pub, but it's a small business. men like myself, like hundreds of others like us. i know the small brewers and the distillers that will be hit, right? >> well, you're standing up victoria fighting the victoria and fighting for the industry. go on it industry. please go on doing it and thank joining us and and thank you for joining us and telling the truth. telling us the truth. the reality evening. thank you. reality this evening. thank you. now, there's been something of a gin boom country over the gin boom in the country over the course last few years. course of the last few years. i've even got involved in it a little bit myself. and i'm joined now by stephen joined right now by stephen russell, founder of the copper rivet kent . hello rivet distillery in kent. hello there. welcome the program . there. welcome to the program. i'm, as i sa

a little apples and oranges there, but in terms of spirits you've heard from the heineken ceo sayingmpanies are paying attention and have to be careful about what they say. he -- the ceo spoke with "squawk box" europe and said you have to be thoughtful and balanced especially in the western world we see polarization in society, so i think you're going to see executives starting to wave these -- the im -- weigh the impact this will have in their marketing strategy. >> it does make you wonder where they would be without the china offset it was strong enough for them to hold their guidance. >> absolutely. they see the impact has hit a bottom and now is the point they can start to recover at least in the u.s. market but absolutely, in europe, and also in china, those sales boosting at least the results for the quarter. >> i was going to say, there's no evidence really that it's extended beyond bud light to other brands it owns, night in other words, people aren't saying boycott all of inbev? right. you see that mistake sometimes among consumers. they don't realize they are representing s

lisa: heineken did not do that well. they had disappointing earnings.stions around beer consumption post-pandemic. jonathan: people are not drink beer anymore? lisa: they do just last. but spirits are back in. jonathan: they hard to get the younger generation hooked on harm seltzer. they always say drink responsibly. lisa: part of it probably is crafted peers. there has been a shift toward craft. maybe i am just skewed by new york. but the very the questions. jonathan: jetblue right now is negative by 6% in the premarket, slashed its full-year profit outlook. adjusted earnings would be five cents to $.40 a share, compared to the outlook of $.70 to one dollar. this from jetblue early this morning. the numbers themselves this morning were in line for the outlook dreadful. lisa: interesting that this highlights international travel over domestic and goes to business versus families. jetblue is family centric, invocation airway that focuses on routes that foster that type of travel. i wonder how much it highlights international trips. jonathan: i have alway

and i love you so this is an events i mean bud light will be hoping that mulvaney ordered a heineken. >> but yet again, to me, this is dylan mulvaney making a complete mockery of what it means to be a woman. well absolutely. >> and this idea that we've got to support trans people, no body wants to be anti—trans . i am not wants to be anti—trans. i am not anti trans people at all. i just want my right to be a woman and recognised as a woman and not called a cervix haver or. well, not anymore . or a person with not anymore. or a person with pregnancy potential. sadly because i'm getting too old for that. but you know, i just. >> i refuse to believe women's refuse to believe it. given how young you look. refuse to believe it. given how youbasicu look. refuse to believe it. given how you basic women's rights respect >> basic women's rights respect rebecca reeve . rebecca reeve. >> can you understand why dylan and mulvaney is really difficult for folk to accept ? for folk to accept? >> i think people need to learn that they can do this magic thing, which is not not watching it. if you see

and i love you so this is an events i mean bud light will be hoping that mulvaney ordered a heineken. >> but yet again, to me, this is dylan mulvaney making a complete mockery of what it means to be a woman. well absolutely. >> and this idea that we've got to support trans people, no body wants to be anti—trans . i am not wants to be anti—trans. i am not anti trans people at all. i just want my right to be a woman and recognised as a woman and not called a cervix haver or. well, not anymore . or a person with not anymore. or a person with pregnancy potential. sadly because i'm getting too old for that. but you know, i just. >> i refuse to believe women's refuse to believe it. given how young you look. refuse to believe it. given how youbasicu look. refuse to believe it. given how you basic women's rights respect >> basic women's rights respect rebecca reeve . rebecca reeve. >> can you understand why dylan and mulvaney is really difficult for folk to accept ? for folk to accept? >> i think people need to learn that they can do this magic thing, which is not not watching it. if you see