well a little earlier i spoke to keith barr, chief executive of the intercontinental hotels group and wuhan are still open. you know what is amazing? i'm so incredibly proud of our colleagues, they are sharing stories, hotels housing medical personnel who have flown in to help individuals affected by this virus in one of the hotels was making meals for workers building new hotels. 0ur hotels was making meals for workers building new hotels. our team is they're doing extraordinary things day in and day out. we focus on china first. hong kong trading has been very challenging because of the u nsettled been very challenging because of the unsettled nature there and of course 110w unsettled nature there and of course now we have the virus in mainland china, principally. the experience of sars was a very sharp drop and then a very quick recovery because it's an incredibly resilient economy. i lived there during the h1n1 and to see the strength and resilience, the ability of the government to stimulate demand, the real question will be this continuous work that will determine the impact and

we will find out when intercontinental hotel group reports later this morning.n financial markets — they are all headed lower in asia — apple says the coronavirus impact will hit its sales — so apple suppliers in asia, including tdk and tokyo electron, are seeing their shares sink. europe's biggest bank by assets, hsbc holdings, has posted a 33% fall in annual pre—tax profit, massivly below expectations. the bank — which makes half of its revenue and 90% of its profits in asia — posted a profit of $13.35 billion for 2019, down from $19.89 billion a year earlier. let's go to our asia business hub, where maura fogarty is following the story. good to see you, maura. let's start with that big drop in earnings. do we know more detail as to what's going on? yeah, essentially, they have written down about $7 billion worth of their business in europe. that tells you exactly just how pessimistic they are about their business in europe. so, no surprises there that the they're pessimistic. what was surprising was that they took that write—down of goodwill and said overnigh

intercontinental has a43 hotels watching closely. otels in china, hong kong, macau and taiwan with four in wuhan. more than 60 million tourists visited china in 2018, the fourth most popular tourist destination but with parts of the country in lockdown, iag is currently offering free cancellations until the end of the month. —— ihe. in india, the drug industry has seen a huge surge in the prices of key pharmaceutical ingredients and that's because it relies heavily on chinese imports of raw. . . relies heavily on chinese imports of raw... tell us about the prices of key pharmaceutical ingredients. it relies heavily on chinese imports of raw. . . relies heavily on chinese imports of raw... in sensual ingredients in the manufacturing of painkillers as well as antibiotics are seeing a surge of as antibiotics are seeing a surge of as much as 40— 60%. i spoke to the indian pharmaceutical alliance which represents the local pharma companies and it's happening because traders and stockists are holding raw material is the uncertainties contin

keith bar, ceo of intercontinental hotels group.ext, bhp warns that the next six weeks are crucial for measuring the coronavirus impact on commodities. we will talk to the ceo. ♪ beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. bloombergome back to markets. this is "the european open." we do see futures pointing lower on more concern about the effects of the coronavirus. apple cutting its quarterly revenue target. a lot of companies talking about the effects. this morning we spoke with ig hg about what it will do to earnings. bhp, first half earnings surged on higher iron ore prices, allowing the company's new ceo to extend a run of bumper returns to investors. a protracted coronavirus outbrea

we will find out when intercontinental hotel group reports later this morning.ing their shares sink.

the miss china town pageant were the highlight of the lunar new year dinner tonight at the intercontinental hotel. but the streets and sidewalks are empty. >> i don't blame people because this is something new and unknown. >> reporter: harlan wong is the organizer of the parade and says they've been in contact with the cdc, the world health organization, and san francisco's department of public health to make sure the parade is safe from the danger of the coronavirus. >> they all said this area, san francisco is at low risk. everybody should just continue on their daily lives and doing everything they normally do. >> reporter: which is why the floats got all the finishing touches this afternoon. 19 in all lined up and ready to make their way down market street tomorrow to celebrate the year of the rat. >> i've just got my team evoner for show time. >> er: but even rtpowith rethe glittering fldragons, and reassurances from health experts, the question is will the crowds show up. organizers are pleading with people to come back. >> san francisco is open for business and china town is open for busin

. >> at the intercontinental hotel the newly crowned miss chinatown usa honored with a coronation ballthis year's letter is lauren ling from houston. she is an advocate for women and girls.>> i definitely want to represent chinese-american girls, to show them they don't need to be quiet or complacent. they can use their voices. >> yang said she was inspired by her older sister who was 27 teens miss chinatown usa. the vocalist averred just jamming will also be the grand marshal for the parade. he is being honored for decades of service. the nonprofit china town community developing center provides affordable housing. >> it's very special, his work earned him recognition from president barack obama who named him champion of change for 2011. >> being grand marshal, it's not a big deal for most people, but for me, it's a big deal. >> at union square, krista spent much of the day setting up the mobile studio for ktvu's broadcast of the parade. there will be dozens of microphones along the route to pick up sound and hd cameras to capture the pantry for those who work from home. >> this is my

source string of attacks by the group on the 20th of january several armed men stormed the intercontinental hotel in kabul and killed 21 people that attack the same hotel in 2011. a week later an ambulance packed with explosives was detonated in a shopping center in kabul. dozens were hurt. in september last year president donald trump called off talks with the taliban after it admitted responsibility for an attack in couple the killed dozens of people we have heard statements coming from coming in from kabul government and also the united states of america that we cannot trust the taliban because there are so many groups like 22 groups yet the taliban were like no we had one group this reduction in violence . that the taliban indeed is one group but it's not just the taliban who have admitted killing civilians i saw linked groups of 4 the taliban and afghan government forces and also killed scores of people. and also saw a record high level of civilian casualties from airstrikes most of those by international forces including the u.s. . but the deal signed in doha still has a long way to go with

i set up a meeting in atlanta with the intercontinental hotel.st chains. in fact, they have 68,000 rooms worldwide, and i thought it would be a good idea to start in atlanta, right in a market that they understand. the question is, do they actually understand how to sell wholesale, and do they understand that this is going to more than double, triple, quadruple whatever anything that a kiosk could do? nice to see you, i'm marcus. joseph: chef joseph. lemonis: chef joseph, nice to meet you. joseph: nice to meet you. lemonis: these are my partners. so do you make a french macaron today in-house? joseph: no, we don't. we don't have a pastry chef. we outsource, you know, macarons. we outsource some dessert items, so our pastry expense is large. nina: we can vary size, and we can also make custom flavors. finia: yeah, i think you should try the grand marnier. joseph: okay. finia: it's a dark chocolate. joseph: i think the orange peel is nice and adds a different texture to it. finia: yes. joseph: the shells are soft. still have that crisp of the merin

i.h.g., the intercontinental hotels group.do have a lot of properties in china. major exposure to the coronavirus and yet they don't see terribly concerned. >> they don't seem terribly concerned and i'm not kerrbly concerned. the stock price fell on the reaction to china exposure but realistically the long-term story in china which is about 15% of their business at the moment remains fully intact in my opinion. the next five or 10 years of growth prospects out there is phenomenally positive. because they have separated off the ownership of hotels and branding of the hotels they don't suffer the same swings people used to anticipate from otel businesses. i believe the chinese impact, while the occupy si in chain is down at the moment, it will have a limited impact on them long-term. the story for i.s.y. is it is a limited asset globally. they have a huge and profitable u.s. business. it trades at a meaningful discount. we see a meaningful potential uplift over the next five years. matt: do you find other companies like that? i

in other business news, hotel giant intercontinental, which owns crowne plaza, holiday inn and kimptonhe expected impact of coronavirus — the firm has 443 hotels across china. but the coronavirus outbreak could be good news for some. private jet operators have seen a big spike in requests from passengers wanting to charter their own planes to avoid coming into contact with other passengers. but some firms say they can't cope with demand and are also having to turn some requests down due to travel bans. a manchester—based property developer has raised eyebrows by banning staff fron claiming expenses that include meat. the firm says all corporate entertaining and staff expenses must now be vegetarian if staff wish to be reimbursed, in an effort to reduce its environmental impact. the idea was put to an internal vote and passed, with a few dissenters. that's all the business news. the uk's first major structural contribution to the international space station has been delivered this morning. the communications antenna is part of a supply ship which took off from virginia on saturday. the