more on that story, unless burden jonathan ferro. -- let's break and jonathan ferro. was up let's bring in jonathan ferro. -- quite a bit of money. >> down almost 60%. european car sales are getting smaller. we have went from a market share of 9.3% to 6.3%. what did you do to turn things around? we know with the new launch can do. a kick in sales. that's according to people with familiar. what the model will be? guy touched on it. this is the upscale fiat. the luxury maserati and leveraging the success of the cs 500. it's about premium. it is about to where the market is right now. fiat przybilla -- people are not ple, people are not buying it anymore. >> it could be a great ubiles. >> absolutely. you think about italy. is good. that will make the government is very, very happy. especially this sector in the market. a premium brand strategy. guess where the margins are? the higher end. they will get the margins and hopefully the italian government , to do something for the whole of italy. do something about the unemployment rate. that's reason why car sells are so low

jonathan ferro joins us. the data is ahead of the chinese statement and it makes the position look good. brand and ittrong is about this recovery and a triple that recession. andomes on a strong backing there are questions around the housing he will talk about the growth and deficit. there is another measure of austerity. it is not going away and it is about not giving anything away at this junction. >> we had some leaks. will there be any surprises? surprise. whether it is the housing market , where the exemption might come the issues of foreign ownership. something and spell out property for foreign owners. there is a leak. the housing will be a contentious issue, francine. issueill come in on this on the owner side. that is quite a bit of a long graph. >> yes. it certainly is. let's turn to jonathan ferro. what can we expect today? higher in the ecb is not so bright because they have one percent growth in the next year. they are below the target. they have a projection and you could see it a long way off.

jonathan ferro joins us with the very latest.t is all about communication. >> we start with the name itself . it would change in january. streamline the name and simplify the business. take a step back from the defense side of the business. 5800 jobs will be shed from the defense side of things. the government are spending -- are cutting their spending ou on defense. ceo ran airbus and he knows how to streamline and focus on where the money is. >> the guy who took over for him is upstairs at the moment. is an operations guide. years are going to be significant for this business. thes been a tough sell, 8380. he developed the 350 which is yet to fly. what is the next 10 years going to be all about? >> after the a350 there are new lanes in the pipeline. is all about milking what you have. you get more bang for your box. wet be interesting is that talk about these companies restructuring. they're about as nimble as tanks. i want to get his insight as to how difficult it is to turn around. >> he doesn't run that it of the business. h

today.rojections jonathan ferro joins us with details.y rule nothing that is what we learned last month. not many people predicted it. a lot of people thought the ecb would wait for another month of data on the inflation side. another thing was they thought they would wait until he got projections from the ecb itself. if you look at the eurozone and compared to the u.k., it is night and day. but the forecast for the ecb, they're looking for growth of 1% 1.3%.flation up that could be revised lower. we have protection -- we have 2015, anns to indication of what might happen further on. baby steps with for guidance, rates will stay low. you might get more color if you look at the projections. >> on inflation, talk us through. what exactly do they indicate. will he get more stimulus from mario draghi or is that what he will intimate at the conference that i? -- conference today? inflation has been the dominant story but there has not been much of it. it has accelerated in the past month. but in the eurozone, inflation does not tell you much.

are on jonathan ferro joins us now with more. walk us through what is about to happen. a big deal. >> you find out who you are to aware --g, when i'm when, where, and why. you go online and book your flight, but your hotel and try thoseure one of goldplated tickets. visitors expected to go into brazil for that one month alone. they all hope they can leverage that for financial reasons. this is big business. >> the airlines will be ready, the hotels will be ready. will there be anywhere to watch the games? >> tonight should have all been about showcasing what is available for next summer. these new upgraded stadiums unfortunately are not all going to be ready. they were meant to be ready by the end of this month. we are now looking at january. the economy contracted. a lot of concern in brazil at the moment. >> you get a sense that the designed to shine a light on the positives of the country, to get it to the front and center. you don't want the kind of that we have got at the moment. >> everyone is looking at you. over $1rica spent just billion of stadiums. brazil is s

the teams and fans wait to hear. , let'sand its warm up bring in jonathan ferro who's been shaking all morning. >> they just talk. all is a moment we have been waiting for. bookook your hotel, you your tickets. whether youruess team with the knockout stages. beauty of it, you look at some of the economy's out there. greece could put this to germany for once. these are what you want to see. >> you are partially english, partially italian. not a good or bad thing. there is a group of death, a group of joy. you can have holland, you can have brazil. it needs ant, it extra country. this is actually fascinating. for a lot of football fans, this is a big deal. >> we were talking earlier this week, they are at 10%. >> the first contraction since 2009. this was meant to be brazil's rival on the international stage. they come out and they have had a contraction. you look at the shiny brand-new stadiums. three and a half billion dollars. it is almost three times what was spent in south africa. there has been an out rising in this country. much was being spent on this event. on awill be so much s

joining me now is jonathan ferro. they are basically trying to embrace the market.y are saying, this is what we want to achieve. let me be more focused. >> this is a company that wants to go where the success is right now. the european aeronautics and defense company, you and i will not have to keep saying that name in january. it will be known as airbus. that is a name we recognize. you refocus the brand and simple five the structure of this business. we are talking about going where the success is. it has not been on the defense side of the business. the primary reason for that is because governments are cutting back on the budget for the defense spend. they are stepping away from that business. they are shrinking it. you step away from that and go to where the success is and they have some hefty financial targets to go along with this. >> they are also trying to focus on spending cuts. this is to focus on development efforts. >> you put the money into the products that already exist and you know what they are worth. you get more bang for your buck instead of spen

jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where these cars are going to be, at the high-end. let's be honest, the 500 is not the lecture end. it is considered cool and premium. they're going to leverage that. >> definitely cool. the ceo is considered the enfant terrible of carmakers. is making these high-end cars stylish to sell in the united states and then europe. >> would cars to make? you make the cars of the higher margins and absorb the higher costs. you look at mas

our jonathan ferro, a big football fan is all over the story. >> today is the day we find out who is playing who and crucially where they will be playing those games. today they will go on the internet tonight, book their flights and hotels and hopefully secure some of those tickets. this is big business. 00,000 visitors expected to go into brazil for the world cup. >> jon, the draw comes at a time when most people are wondering when the stadiums will be a lot safer and when they will be finished. >> it is, francine. certainly. this is meant to be the time that brazil came on the the international stage, showed off their infrastructure, shiny, brand new, upgraded stadiums. meant to be finished at the end of this month. big problem. many won't be. delivering the weakest growth. you have a rising middle class asking for more from their government. there were protests. a lot of people in that country wondering who why their country is spending just over $3 billion on stadiums when people need a lot more help. if you wonder if that is lot of money, it is. it is almost three times as much

let's get jonathan ferro for more on that story. what else can you tell us?on in comparison to the fines we have seen, this is nothing. what is surprising is the actual allegations. 3.5 thousand transactions valued at millions of dollars. information that they failed to realose -- here is the interesting part. according to regulators, a processing center here in the u k received written instructions on how to avoid detection. written instructions. rbs hasn't just been accused of doing business with countries they shouldn't have been, this is about evading detection as well. >> this is another hit to the reputation of rbs in what has been quite a month for the bank. >> what a month. eu fines, u.s. fines, customers losing access to accounts. the cfo quit in the past week as well. on this occasion, rbs say they are deeply regretting oversight failures and pledge to strengthen compliance controls. that is going to be a big effort. the government still owns 81% of this bank, a bank that at some point the government here in the u k would quite like to sell. with th

. >> the paris not a core show is slimming down. .he yacht business jonathan ferro has more. >> these are the votes of the 2013 paris nautical boat show. it is one of the biggest and oldest boat shows. this year, the exhibition occupies less space. not everything can get in smaller. towards greater maneuverability and it is becoming bigger and bigger. the clients are not looking for big cruise. what is an offer? is 15 meters long and cost more than $800,000. what is more is that the sailboat is 18 meters long and the exercise comes at extra cost -- $1.8 million. tech is increasingly important. navigate use ipads to and we did see currents and weather reports in the next two hours. there are a lot of things that from competitive sailing. the demand for motor votes and yards is growing in asia and italy. organizers said that the shares may be taking up less space. the industry is still very buoyant. >> coming up, china and the manufacturing index that unexpectedly dropped overnight. >> welcome back. >> i am mark barton. >> these are the numbers. they are in italy. michael is here. he is