let's start with lufthansa. at 68ss coming in million, confirming their full-year forecast. aroundre they will be keenly watched. anything they have to say about their forecast and how optimistic a will be on yields will be in focus as well. oil prices reduce the incentive for airlines putting more capacity on. pricing rose in march when adjusted for currency shift. the company signing a deal with pilots, strategy also a big expandingking about focus in february, saying it may expand the corporation. what is their interest in alitalia, that's something that could be market relevant as well. as you say, they have 49% , this is what we're talking about yesterday. showing an informal interest in buying some of alitalia's assets in the bankruptcy proceedings. anna: we heard from one tell you official that they would not stand in the way of any interest from lufthansa. the adjusted ebitda ahead of the estimate of 3.67. net sales also ahead of estimates and the raising their outlook for 2017. quite a lot beating estimates. and getting guidance from continuous operations on core ep

. >>> lufthansa in germany still has posted a wider net loss than expected. the company says demand at the air freight division and maintenance unit has taken off and it's seeing improved price trends at the airlines. the airline reported an adjust the earnings before tax of 25 million euros against a loss of 53 million euros. >>> bayer raised its guidance for 2017. earnings and sales at the drugmaker topped estimates with the covestro business providing the boost. the cfo will be leaving in may of 2018. >>> and continuing with the german role, basf posting a 29% rise in ebit in the first quarter. they remain cautious on the 2017 outlook but expect full-year profits to come in at top end of the forecasted range. >>> now, putting germany to one side. in italy the party-left pd party holds its primary election this weekend to select a new leader. the polls show the former prime minister matteo renzi will win by a comfortable margin. renzi resigning after the referendum defeat. is this really back into politics for him? >> based on the polls it looks like he's l

the airline lufthansa is banking on profitability.he stanza plans to use the a 360 -- lift anza plans to use the a-360 reports from japan say toshiba will ask lenders for additional funds after filing for bankruptcy action. toshiba will use the cash to cover what it sees as a temporary surge in losses. the units parent is likely to need money to cover debt guarantees. lenders are-- main considering extra aid. tumbling on concerns that talks may result in a lower price. the company reported it needs more time to complete a deal. kate's a has received an offer from coach. michael kors is also interested. guest thinks emerging markets will continue to outperform after surging more than 11% in the first quarter. david and i were talking earlier about how the last quarter wasn't really a normal quarter when it comes to global markets, but in particular the games you saw in the emerging markets space. i want to start our conversation with korea. this has been a remarkable story. 6526. what political concerns -- we outperformingea broader as

it may come through from the tonsillar -- from lufthansa.hey will give alitalia 300 million euros as a six-month to reports this morning. alitalia is starting bankruptcy procedures and it's all tied to a $2.2 billion refinancing effort. anna: they wanted to do the recapitalization of 2 billion doos but now they cannot that. this is what we heard from the who said theyer will get a short time a special administration and then there could be a total sale or some kind of liquidation. manus: we were talking about this morning. it depends whether they want to actually make an approach. you can follow all the results on top . find out about president trump's plan for repatriation for tax breaksy inside america. this is bloomberg. ♪ manus: it's daybreak europe. today were going to get details of what has been one of the great driving forces of the truck rally. it said it will include a 10% tax on more than two point $6 trillion in earnings of u.s. come preset are stockpiled offshore. down from about 40%. the plan is expected to include a 15% ta

an italian newspaper reports -- once the cell to lufthansa. its financial sector. $1.7e $.7 trillion -- a has her first. let's get to jonathan fenby, the director of european political resource at trusted sources. an expert on europe and china. and hans redeker, morgan stanley's head of affect strategy. what you make of renminbi goes from here and the you think that china "currency manipulator" label by the u.s. is now gone? hans: it is off the table for now, but it will stay a threat. the i find fascinating is u.s. administration and the chinese have one common interest. that is u.s. dollar weakness. the u.s. dollar is weak, then the renminbi can be weak as well. you see that when you overlay the dollar performance with renminbi trade. u.s.ee at the moment the dollar is weakening, you see as well that the renminbi is weakening in trade terms pay that is in favor of china, in the past, make huge investments in its manufacturing sector. it needs help of the exchange rate. this tells me it works pretty much in favor of china. and because the u.s

bring in branding expert karen leland, she used to work at lufthansa, as a flight crew member, i neveri never would have said take the plane back, and take everybody off. you stop the plane on the tarmac and you wait. what happened? >> i think one of the things we're seeing is an overall pattern of overreactivity on the part of staff on airlines, and i think that's coming from a couple of places. one, i think they're getting tremendous operational pressure from the leaders of the companies to get flights out, get them on a schedule, tight schedules where there's not a i think you're seeing that. i also think people are in hyperaware state of anxiety and i think that's playing out in the airplanes. we were talking about this earlier, with the cell phones, flight attendants are nervous, because they know they're getting videotaped when something happens and i think rather than helping, that makes people more stressed. cheryl: interesting, when i was a flight attendant in my 20s, a long time ago, i was at southwest airlines, to be human, you treat people with respect. maybe the customer w

lufthansa want to do the same elsewhere. they are banking on shoring up the hub in unit.uel savings of 25% compared with four turbine models. they plan to use the 8350 on the mumbai route followed by other cities in asia. coca-cola time to add fizz to its presence in china by capitalizing on its most famous investor. you know who that is? warren buffett of course. berkshire hathaway owns 9.3% of coca-cola. buffett, a heavy user. he says he drank about five cans a day. jericho, regular, or diet? not sure. look, like as, yet did a cruncher, he has to see any evidence that judging cokeing but cherry leads to anything but a long life. [laughter] >> he is like a 12-year-old. kicking off a braun a weaker april on a weaker note. at director of global macro joining usvestments now. we go from one day, my goodness, reflation is back, to the next day, my goodness, it is not. so where are we right now? >> we are always only one tweet one end or the other, so, you know, we had the election, it was a game changer obviously, and with that came a lot of anticipation of fiscal reform. th

it was -- came on lufthansa. >> there are so many countries that still believe in this idea of a statehampion. right? remember, every country used to have their own airline. >> swiss air, british air. >> they are the state-owned airline. so this is great advertising for air china right now. what we're going to do here, folks, a is soon as xi jinping -- >> i wonder if if he's sitting in coach. >> i doubt it. >> my guess is this is not a regularly scheduled flight from beijing to west palm. as soon as the chinese president steps off, we'll bring it to you live. >>> still ahead, a legend in housing. blackstone's global chief of real estate will join us live from 5th avenue. ralph lauren closing a flagship store there, a couple stores down from trump tower. we'll get his take on where he sees retail headed next. >>> a run-up in rates and a run-down. the dollar index intraday is at some of the best intraday levels since mid-march. kind of like yesterday never existed. r-10s, we're holding the bottom of the range. the french 10s, they have elections. it looks a little bit more on the weak si