ryan: let's kick it off with lufthansa.se of terrorism. they cannot pay those pension liabilities. so, their attention deficit keeps increasing. at the big issue is the outlook and that is dampened by terrorism. the bottom line is they make the most money from people flying from the united states and china to continental europe. and they are not going to places like france right now. ,o, in -- so lufthansa expects their profits to double in the second half of the year. this confirms what analysts already thought. this is the analyst rating for the lufthansa stock. if analysts think you should buy the stock, they give it a five. if they think you should sell it, they give it a one. when you get a rating as low as we have right now of 2.4, that is very negative. in fact, it is the worst rated that lufthansa has ever been. more than that, it is the worst rated stop in bloomberg's world index out of 27 different companies. this is not great news. ceo says lufthansa's the company is looking at optimizing their investment plans.

lufthansa said travelers feel and saleses have fallen significantly.e company reported lower profits, despite drop in oil prices that resulted in fuel cost savings of nearly 600 million euros. a french telecom company .roposing a redundancy package the plan is expected to cost the company hundreds of millions of euros. they said they would let go of one third of his workforce between 2017-2019. uber agreed to sell its operations in china to its regional rival. attention has shifted to why the silicon valley-based company could not penetrate the chinese markrket. one ananalyst says is because te rules of t the game in china are different. >> it gave the growing phase for local players. andthe regulations changed global playeyers can come becaue it's not related to regulations. it is hard to the local players. the most well-known investors in the united states is questioning if donald trump has what it takes to lead the american economy. speaking alongside hillary clinton, warren buffett called on donald trump to release his tax returns before slamming h

over here in europe, lufthansa is facing turbulence. what about the u.s. carriers?re they lying high? -- flying high? reporter: not much higher than that european counterparts. since last march, the biggest airlines which included american, united, delta and continental have shared about $30 billion in market cap, 25% of their volume. aside from the challenges, outside forces like fears of terrorist attack or zika virus infection, are taking a toll on americans and increase fears to travel. delta which disclosed its transit performance, showed a drop in passenger revenue. oil prices late an advantage for airline ticket sales. -- play an advantage. daniel: thank you for that update. panama is offended about its status as a tax haven. it wants to impose penalties on anyone that labels it as one. a draft bill would see tax trade or migration restrictions for, these -- for companies that view it as this. this could be aimed at france. he would put the -- it put the latin american country back on the blacklist for tax havens after the wealthy stashed their funds there. t

lufthansa, the company striking a deal with some of its union members.ong-term agreement, relief. manus: well, those airlines could do with a little bit of relief given the summer they have had between terror and global issues. coming up, it is the start of the year trading date. stocks indicated for slightly lower opening. london down. 68 116. where do we go next and and countdown to jackson hole? this is bloomberg. ♪ manus: good morning and welcome. this is "on the move." on manus cranny in bloomberg european 500 is. alongside me, caroline hyde in berlin. we are moments away from the start of european trading day. caroline: global gathering at jackson hole, set to kickoff as investors seek clarity from the fed. ready to drop. sayseton's mark mobius japan could be months away. and hedge funds clipped. a the report says investors pulled more than $25 billion of hedge funds last month, the biggest monthly redemption since 2009. we're running up for the open, futures pointing to a lower start to the trading day. caution in asia trading. new volatility, the

lawyers representing families of crash victims say lufthansa, which owns the regional airline germanwings, should have noticed lubitz' failures and taken closer notice of his history of depression. , lawmakers are pushing for mandatory prison sentences for defendants convicted of rape. it comes after former stanford student brock turner was convicted of sexually assaulting an unconscious woman. the judge in the case sentenced him to six months in jail, followed by probation. legislation passed yesterday would compel judges to hand down mandatory sentences. the bill itself now heads to the governor's desk. in binghamton, new york. the dash-cam video shows the chilling first moments of the crash last week on route 17. las. you can see in the left corner that a car actually catches fire. the flames quickly spread before someone uses a fire extinguisher to put them out. a group then pulls the driver out likely saving her life. the city's mayor posted this video online thanking everyone involved in the rescue. ed: to new york. parts of manhattan's upper west side were turned into a lake last n

when i arrived in moscow on november 5th, 1975, as that lufthansa airplane landed, it was cold and thewas piled on the side of the runway. when they opened the door, i put on my heavy coat and i looked out at the front of the airport and i thought you have committed yourself to two years here working here by yourself doing the secret work on the street in the heart of moscow, in the heart of the world of communism. oh, what have i done. jamie foxx here for verizon. did you know verizon has more than three times the 4g lte coverage of sprint? and i'm jamie foxx for sprint. pretty much the same coverage if you squint. you are not jamie foxx! sprint is last nationally in 4g lte coverage. well, who is going to notice? what about the left side of the country, huh? this part of texas, california, new york, et cetera? (announcer vo) don't get fooled by cut rate networks. get the best. and now get up to four free samsung galaxy phones, four lines and sixteen gigs for just one-fifty. only on verizon. >>> in 1975, i was assigned to moscow to work with a cia covert agent called trigon, but before

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when i arrived in moscow on november 5th, 1975, as that lufthansa airplane landed, it was cold and thed on the side of the runway. when they opened the door, i put on my heavy coat and i looked out at the front of the airport and i thought you have committed yours to two years here working here by yourself doing the secret work on the street in the heart of moscow, in the heart of the world of communism. oh, what have i done. i study psychobiology. i'm a fine arts major. nobody really believes that i take notes this way, but they actually make sense to me. i try to balance my studying with the typical college experience. this windows pc is a life saver! being able to pull up different articles to different parts of the screen is so convenient. i used to be a mac user but this is way better. ♪ ♪ isaac hou has mastered gravity defying moves to amaze his audience. great show. here you go. now he's added a new routine. making depositing a check seem so effortless. easy to use chase technology, for whatever you're trying to master. isaac, are you ready? yeah. chase. so you can. is it a forc

lufthansa shares lost almost a quarter of their value so far this year. >>> germany's motor transportnal 460,000 volkswagen engines. they're used in the polo and other models. this brings the total number of vehicles with approved remedies with over 5 million following the emissions scandal. volkswagen shares currently trade 5% lower than pre-crisis levels. >>> competition in the electric car market is heating up in china. yun takes a look. >> you probably haven't heard of ch auto for good reason. from beijing, the company has designed and produced cars for other chinese car makers until it made this. china's first homegrown battery powered roadster and competitor to tesla's model s. the k 50 is the brainchild of founder, an engineer by trade. lue worked at jeep in china. then he created his own brand. it means the future in chinese. >> translator: china is already the biggest auto market in the world. without a doubt, it will be the biggest market for electric vehicles. we think it's very good in such a fast growing market, the government has provided guidance and insenn tifrs throug

for hillary clinton, this is the lufthansa heist of elections so far. she's getting away with it, donald trump is partly right, there is press bias certainly against him and kind of in favor of the democratic nominee. there is the other thing. she's winning. she's winning by a lot. and so the pressure on her, if you want hillary clinton to be accountable, you want her to be in a closer race so that more pressure can be applied to her to be accountable for the things that, by the way, let's be clear, in a regular year, a normal democratic nominee would be getting absolutely, absolutely impaled over. it would be vlad dracul all over the place. but since she's ten points ahead, who cares? nobody is paying attention. >> we are paying attention right now. dr. ben carson is about to, we understand, introduce mr. donald trump. in fact that may be what we're seeing now playing out on the screen. mr. trump has gotten a lot of credit for sticking on message, for being disciplined. can he stay there, can he keep doing it, chris? >> we've had a week, he's been on p

lufthansa echoing everything we have heard from every other major airline. impact i terrorism by terrorism. anna: key revenues came in at 25 billion euros, in line with the 24.5 we have been seeing. the focus on the x1 compact suv. this business has managed to find themselves in a comparatively weak point in their cycle versus their rival mercedes. it looks like beat in terms of the e-bit number. let's leave that one and talk about csm.. manus: the world's biggest vitamins maker. the company also sees 2016 results being ahead of the medium-term targets. who joinsto the ceo us from the now to lens. -- netherlands. great to have you with us. how much higher can we expect in the 2016 outlook and where is the drive going to come from? feike: indy. eed. we had a strong quarter again. look at the underlying elements, our growth was good in all of our businesses, in attrition and the nutrition and the field. we have done better with materials. it is not only the growth of our businesses, but support by our group wide improvements and cost reduction programs. based

starting next year, passengers on lufthansa flights will have --ess to online and fly powers in the groundin wi-fi services. are far behindes their american counterparts when it comes to offering internet service. videogame retailer gamestop boasted second quarter sales that missed estimates. expanding into mobile phones and collectibles because of slowing videogame sales. that is your bloomberg business flash. tom? tom: rick lacaille of state street global advisors wrote a fabulous research note and uses an important word for janet yellen. let's get all get smarter before the this speech. bring up the lacaille quote. the title. "a decline in the efficacy of monetary policy." the reason, rick, whether it is is u.s. or europe and japan, the strange word "efficacy" is not happening. for janet yellen, what does efficacy mean? the past where there has been a strong link between monetary policy and growth. , if not broken, is not as it was before. policy choices that it been made -- the fiscal levers they be pulled and we have other challenges. tom: i would suggest we are talking when we say ef

looking at the airlines, lufthansa is one, expecting more cuts in their ticket prices saying that euroare having a tough time due to terrorist attacks in the region. fell over 4%.nue the whole industry is suffering from that overcapacity. european banks, each day we get a new headline, they are dragging the stocks lower. jonathan: they are front and center. smi is down and credit suisse is one of the biggest losers. commerzbank, deutsche bank, you get the picture. japan, when expectations are up here, you need to deliver above expectations. in the fx market, dollar-yanis under delivering just dollar-yen is under delivering. it's a strong japanese yen. the risk is off across markets as well as the bond market. end of the curve, the two-year note is up seven basis points in japan. in the commodity market, the big story has been crude oil down to $40 per barrel. it's up by 1.35%. that wraps up your market moves. let's look at some headlines. taylor: the donald trump rhetoric on the campaign trail grew darker. he told a rally in ohio he is afraid the election will be rigged against him. in