operating loss, swedish krona, narrows. 202 swedish krona.85.ted a president and ceo maclachlan is going to be on. in at 124sales come billion swedish krona. anna: i can't see it contribute. let's talk about another business. , the number one distilling business. their number comes in at 5.6 billion pounds. broadly in line of the estimate, 5.7 billion. operating profit come a 1.7 2 billion pounds against an estimate of 1.7 8 billion. organic net sales growth, that is a factor. dividend coming in as expected. the stated strategy has been to focus on emerging markets, away from china, where they have seen a crackdown. other parts have been to the four. as the ceo has been talking about, 20% of sales would come from emerging markets. always interesting to see how they are doing. first time organic net sales. the estimate was 1.6%. that does look to be ahead of estimate. a lot of challenges for the business in the u.s.. have some of their drinks lost youth appeal? ofwill talk to the ceo little later. he will be joining us on the in "on the -- mov

against thess frac swedish krona. the swiss franc will do well in the safe haven basis. are slowly and steadily succeeding with their negative interest rates to get a grip on the strength of the currency. sweden is keeping their currency down as much as they can. they are coming out with great economic data. interest rates are wrong for the economy. it is growing 3% per and him -- year. scarlet: thank you so much. to positiveints signs in the euro economy. ♪ scarlet: the turmoil in markets today has muted this new year. our special report, bloomberg markets" at 5:00 p.m. eastern time. i am scarlet fu. house republican lawmaker wants to censure president obama for trying to tighten rules on handgun sales. facesngressman's move long odds. speaker paul ryan said the president's efforts are in his words "a distraction." fort reg, north carolina, two weeks in august 4 bowe bergdahl. he was held by the taliban for five years after he walked off a base in afghanistan. he could get up to five years in prison. cancer is the top cause of death in 22 states. deaths from heart disea

but the risk is looking down the eye of the euro swedish krona.hey have said very publicly that they are ready to intervene. will they? are they getting into a war they cannot win? hans: it is a type of packing. what you do tend to have as when currencies are weakening, then there is more and more countries theh try to peg against weakening currency bloc. the contrary is happening in the u.s. dollar bloc. it is becoming smaller. you see google are canceling, look at azerbaijan. other countries, china as a force, you cannot solve those aspects read the dollar becomes smaller. people are pegging against the weakening dollar. manus: how low can you go? hans: i think we need to look into the corporation countries, summoned to look into. the other point you mentioned, sweden. are selecting to intervene in the market, in order to have their deflationary thresholds contained. other helps it, too, that focusing is going on. this is the last time. they were not very successful, absolutely. but when you have an apparently you as ash kronor, private investor

excluding the restructuring, 36.6. 37.5, they have missed on sales and dividends, expecting a 3.7 swedish kronat i just made up a currency. for 3.55.te was estimates were at 70. more to come. in the meantime, let's talk about the rest of the earnings we will get. as the micro, and less than 30 minutes, we will also get numbers from boeing, facebook. and ebay, those are all to watch today. in the meantime, the bloomberg first word. shares headed for the biggest two-day loss since last year. oil has also resumed its like him after slumping industrial profits in china increased concern the slowdown is deepening. japanese stocks have rally, on course for the drop. we get the federal reserve first interest rate decision of the year later, policymakers are expecting a hike this year and next, the market shows some investors are taking out protection in case they go negative. data compiled by bloomberg shows the u.s. interest rate sinking below zero next year, it has risen above 10%. a survey by bloomberg shows they expect the bank of japan to add to record stimulus this year at its policy meeting thi

thirdly, a cost program of 9 billion swedish krona in 2017.se are the three things we're focusing on. tom: i understand you can work with expense control. are you going to be forced into financial engineering to jumpstart the stock? it is a bad phrase now, whether it is ibm financial engineering or what john chambers did at cisco. are you going to become john chambers and a ploy cash back to shareholders -- and deploy cash back to shareholders? today, aounced proposed dividends to our shareholders, an increase of 9%. course, to shareholders will approve it, but clearly we have increased our return to shareholders mainly because we are producing a good cash flow, a really good cash flow in the fourth quarter. yes, we are doing that, but we are continuing to be the world leader. francine: mr. vesperg, you put your pitch out there, you have gone through the three things you want to get right. what do you think you're doing wrong? going back to tom's chart about the share price, it has really moved in eight years. /investors believe you and contin