lufthansa op 6.5%.he others, air canada, iag that have blessed exposure to the middle east -- that have less exposure to the middle east market are still down. they will be a global airline issue. vonnie: taylor riggs in san francisco, thank you for that. coming up, "balance of power" with david westin on bloomberg television and bloomberg radio. thomas pickering, former u.s. ambassador to the united nations and a slew of countries during his career joins the show to discuss geopolitics. a quick look at markets as we had toured the midday hour in the united states. the dow jones down .6%. the s&p is off its lows, still down .5%. the nasdaq down .5%, giving up some of yesterday's gains. this is bloomberg. ♪ david: from bloomberg world headquarters in new york to our tv and radio audiences worldwide, i am david westin. welcome to "balance of power," where the world of politics meets the world of business. the brief today, bill faries from washington on the national security implications of the u.s. drone

back over to you now >> to bring some recent comments from lufthansa, talking in the last few minutes, saying it is canceling its daily flight from frankfurt to iran. one of the few european airlines that travels that route and also to iraq. they are going to cancel the next planned flight to the north of the country the eu commission president has called for a diplomatic approach as she addressed the ongoing situation. she suggested weapons must stop and the european union must act as effectively as possible and that efforts would, quote, do everything possible. >> the u.s. government has condemned the attack and confirmed that the british troops were also housed at the facility they are urged iran not to repeat the wreckless attacks a war in the middle east would only benefit isis and other terrorist groups thank you for joining us and for a look at market reaction, yes, we have seen a knee jerk reaction investors seem to be dialing back the risk for which they are describing this. what do you think of this market reaction. >> the gold dollar, yen, et cetera the toning back of some

tom, ali talked about lufthansa, turkish flights in there and ukrainian airlines fly in there. there aren't a million ways to get in and out to the west. from iran. but iran is talking about the fact that the plane maybe was trying to turn around. 8,000 feet. trying to turn around and land. the video we have seen and the damage suggest otherwise. >> yeah. by the way, thank goodness for ali. he is fantastic, reporting is so valuable. you are right. all of the data that we have seen, the flight data suggest that the plane didn't turn around, the plane was simply on a pretty straight trajectory and then 7,925 it went black. it went dark. lost all coms, gps, tracking, telemetry, everything, and then saw the black sky with the fire streaking across the sky and immediately aviation experts here were saying, you know, that doesn't happen with just an engine failure or fire. that doesn't happen. not that much fire. they were immediately suspicious because you don't lose all the coms, the data all at once and that fire across the sky. they were immediately thinking a missile. in fact, i

klm, lufthansa down. another sector is luxury a lot of those companies produce and manufacture in france but their biggest consumer customer is out of main land china. roughly 30% of overall sales kering and hermes and lvmh will field a lot of questions today about the coronavirus. >> thank you asia and china specifically is very important for lvmh. >>> growing fears around the world to the coronavirus the number of those affected and the death toll rose overnight. >> quickly developing. the total known cases spreading across china increased nearly 60% overnight to more than 4,500 cases. china has upped the death toll to over 100. the numbers now prompting companies around the world and facebook and others to restrict travel to china. hong kong will reduce cross border travel include ug suspending train lines and cutting back cross-boarded tour buses, ferries and flights it is kremed to avoid all not essential trips to china despite all of this, the leader of the world health organization adds that he doe

virus we've also had about a lot of and lines stopping the flights momentarily to china such as lufthansa british airways and that's another way that they're trying to control the spread of this ok and now regarding the impact on people how severe is this fires so that's what we don't quite know as of yet this virus is still quite new we're still in the middle of this outbreak. and there isn't really all that much data so far what the w.h.o. says is that most people have mild symptoms and only 20 percent of people are sharing severe facts like pneumonia or respiratory failure at the variations in severity really make it difficult to gauge just how severe this virus is it's difficult to know how many people are affected and because of that and makes it more difficult to control the spread of the virus so they're really just going to have to wait for more data to see how bad it is what we do know is from a report published on wednesday by the new anglin journal of medicine is that on average each infection only leads to $2.00 other people being infected so that's more than the ordinary flu

german carrier lufthansa has announced plans to hire 4500 workers in germany switzerland and austria so the jobs will fill vacancies while others are new positions but according to the airline more than half the jobs are for ground crew labor relations have been a sore spot for live tons of in recent months. to south africa now where foreign investors unloaded nearly $10000000000.00 u.s. dollars worth of the country's stocks and bonds last year the largest selloff in over a decade president cyril ramaphosa has failed to jumpstart the economy after 2 years in office and indications are mounting that the country is sliding into recession and that it now stands to lose its last investment grade credit rating in a matter of weeks. many south africans were buoyant at new year's celebrations in cape town. 29000 was an experience by expect 2020 to be much better and i have high expectations for 2020. but investors have other expectations and are bracing for another kind of a bang in february. south africa already has a junk rating at fishes and standard and poor's and moody's mode its outlo

a partial spinoff of the division is being considered that would lend an -- lufthansa declined to commenthat is the bloomberg business flash. coming up from the world economic forum we will be speaking to a stellar lineup of top executives. all right here on bloomberg tv. manus: and don't miss the conversations with the greek prime minister, u.s. commerce secretary wilbur ross, and that will be live from davos on bloomberg tv and radio. this is bloomberg. ♪ is is bloomberg. ♪ >> the business community just did not want lower rates. >> negative rates are a problem for the banking sector. that is true. >> i have a very hard time to believe they would do more. inthe more divide you have political parties the more uncertainty you have. >> by now it is clear the longer you keep that policy, the more the side effects become important. >> when you have zero negative interest rates, almost by definition you will have asset bubbles. cyclical link in the aftermath of a crisis. >> if you want to ride that wave while it is happening, but keep your eye wide open for a correction. >> in the medium-term

and iran prior to the european aviation safety agencies advisory several airlines including lufthansa and air france adjusted their flight routes to avoid iraqi and iranian airspace this comes after a u.s. drone strike killed an iranian general in baghdad last week and a ukrainian airliner crashed shortly after takeoff from tehran on wednesday u.s. and canadian officials say evidence indicated that the plane was shot down by an iranian missile. the fugitive x. chairman of nissan is having to get used to his new home in beirut where prosecutors told him today that he cannot leave the country lebanon's financial crisis also means that he'll have limited access to his personal fortune go in flood japan where he was being held on various fraud charges beirut's justice powerless this is where carlos ghosn was questioned by prosecutors for nearly 2 hours. his lawyer says go on trust the lebanese justice system. that is there were 2 sessions one related to the interpol request and another one related to visiting israel will be a communique shortly that this is a group of lebanese lawyers has

. >> we are seeing more airlines delta, american and lufthansa are adding to the growing number of list carriers temporarily halting flights to and from main land china we'll bring in our transportation analysts. it seems like the airlines are doing the prudent thing to keep everyone protected if you were an investor, should you be concerned >> i think mostly, you have to worry about the near-term impact when we look back to sars, 2003. these tend to be more of a one, two, three quarters. a couple of things to keep in mind one is the price of crude oil that has come down 10% to 15%, which is a big offset the airlines are seeing. >> that's true but from what i understand, the cost of fuel is a percentage of total expenses is considerably less than it was a number of years ago. when you are looking at these individual names, are there names more susceptible to a potential down turn to this virus getting worse and flights getting canceled for the longer term >> for the longer term, i think it is anybody's guess. the first thing you look at is the exposure from revenue and how much seat cap

airlines like lufthansa and british airways have cancelled their flights to and from china. and in the city of frank efforts to build a dedicated hospital from scratch go on around the clock. scientists at the chinese national health commission expect the outbreak to continue spreading and reach a peak in 10 days' time. i'm joined in studio now by the reports i've done up till taji done of the world health organization is having this urgent meeting on it what can you tell us about it so this is a meeting of the chairs emergency committee so this is a committee that's comprised of 16 independent experts who have come to the death of before in fact 3 times in the past week to talk about this lyra's and what they're going to do is they're going to discuss whether the virus should be a global health emergency and if they do discuss the kind of recommendations that they want to see happen to in order to manage this server at the moment they've already changed the risk level for moderate to high but they haven't really to ted it is a global health and i don't see yet but with the

germany's lufthansa group has joined the other carriers and suspending flights to china following the coronavirus outbreak that has killed over 130 people tons of swiss international and australian austrian allies will avoid china till february the 9th will continue to fly to hong kong to take no bookings for mainland china until the end of february. is present on a time pass signed a revised trade pact between the united states makes a cut in canada into law he hailed the u s m c a as a tremendous breakthrough for american agriculture manufacturers and auto workers the deal of dates and replaces the 26 year old north american free trade agreement on nafta it contains strict labor rules which could move jobs from mexico northwards to the u.s. and canada the new deal also includes fresh rules on digital commerce and technology industries that didn't exist to the same extent when nafta was it. the clothing industry produces more emissions than ad travel and shipping combined more than 5 percent of global emissions come from clothing alone and it's rising big fashion chains like aging m.

the government put it out, you haddix questions of interest like singapore airlines, that he had, lufthansar airlines. let's see with the government is attempting to make it more attractive. hoping against hope that there still may be a buyer for air india. thank you for the update. in other business news making headlines, apple's stock rising up the news broke that iphone sales in china jumped 18% in december. they shipped more than 3 million devices in december ahead of the chinese new year, a major gift giving holiday and this comes after a period when iphone sales in the country slumped due to competition from its chinese rivals. well, the mainland is experiencing a 7— year high inflation rate and that has something to do with soaring walk prices. it nearly doubled last month compared to a year ago levels according to official figures. that's despite the government's effo rts that's despite the government's efforts to ease the meat shortage due to a disease out. surging prices adds to challenges for communist leaders who are trying to shore up slowing economic growth and resolve a tarif

well in the red the european travel and leisure sector shed 1.8 percent led by losses for airlines lufthansa air france and easy jet that of course as oil prices jumped nearly 3 percent in asia brought emmis cia asia pacific index fell from an 18 month high sending individual markets in shanghai hong kong and tokyo south. now for more let's bring in our financial markets correspondent it's in a frankfurt only 1st of all why is a hefty such a strong market reaction what a trade us so worried about. they're worried about possibly another war in the middle east that's one comment that came from someone in the market i just talked just a few minutes ago actually before we went on air here to a trader and i asked how he assessed the situation and he gave me and interesting perspective he was in iran just a little while ago and he told me how important the commander who was killed was to the people there he found out of when he was there and i think he's not the only one who knows how important this man was so people are fearing that there will be retaliation that goes beyond the normal and possib

lufthansa, british airways are also suspending flights and this has to do with safety for passengersbeen a spike in cancellations and a dramatic decrease in buying flights right now. a lot of airlines are saying they are going to waive fees so people can change them. things you grow accustomed to with international travel, your hot towel and your blanket and your magazines, all of this is going to be on hold for the time being on many airlines and even the staff have been highly encouraged to wear masks and gloves to contain the virus. china is the second gayest economy in the world, hard to ignore, a lot of trade and business is taking place and i'm sure travel plans have been put on hold and nobody knows for sure when these major carriers will be lifting their suspensions. indeed, a lot of these airlines are taking their cues from health officials and the who is expected to meet later today to discuss whether they should escalate this in their own language. at this point we've heard everything from british airways, they are assessing whether the suspension should last until friday

the marriage european carrier lufthansa also regularly flies in and out of the tehran airport. today they had a passenger aircraft on its way into tehran from frankfurt in germany when these news reports popped that actually it had been an anti-aircraft missile fired from tear the tehran airport that took down that passenger jet and killed 176 people yesterday. that lufthansa flight was already in the air on its way to the tehran airport when those reports broke. that flight turned around midair and went back to frankfurt rather than land in tehran in these circumstances. but passenger travel, passenger air travel in and out of tehran is a normal thing. flights don't get shot down. this flight got shot down because of what was happening between iran and the u.s. military this week. at least that is what it appears. and that is why it says on the front page of the "new york times" right now, quote, the new intelligence suggests that the loss of lives from the downing of a civilian passenger plane was a direct result of heightened tensions between the u.s. and iran. and so, yes,

the marriage eastern airline lufthansa regularly flies into that airport. they had a flight under way when these news stories popped about the 176 people killed. that lufthansa flight turned around midair and went back to frankfort rather than land in tehran in these circumstances. passenger travel, passenger air travel in and out of tehran is a normal thing. flights don't get shot down. this flight got shot down because of what was happening between iran and the u.s. military this week. at least that is what it appears. and that is why it says on the front page of "the new york times" right now, quote, the new intelligence suggests that the loss of lives from the downing of a civilian passenger plane was a direct result of heightened tensions between the u.s. and iran. and so, yes, moment in history here, right? big picture here, we are in the middle of the impeachment of the president of the united states for only the third time in u.s. history. in the middle of that impeachment, as he is awaiting the start of his senate impeachment trial, this president,

that is why we have lufthansa down more than 5%.ance, easyjet, ryanair, all under pressure. it does not bode well for airlines. this is an extra cost they will have to fight. if it remains elevated, it will be harder for them. 2%.nex up by more than purchased withrs a joint venture. matt: thanks for that. apple shares have surpassed $300 for the first time. that is amid predictions for a robust holiday quarter, demand for wearables such as air pods, air pods pro, and services including streaming tv, which i already have and is pretty good. that is just my opinion. in iphone maker rose 2.3% trading, to close at a record $300. janet mui is still with us. is it notu think, just apple here, but we see tech shares really taking off. this is apple. it has come up through some trend lines that hillary put on the screen. is it getting out of control? guest: i don't think so. first of all, the valuations may seem high, but what we are seeing is nowhere near the valuations back in 2000 during the dot com bubble. the valuations are justified b

airlines like lufthansa and british airways have canceled their flights to and from china.n the city of wuhan, frantic efforts toto build a dedicated hospital from scratch go on around-the-clock. scientists at the chinese national health commission expect the outbreak to continue spreading and reach a peak in 10 days' time. brent: for more tonight, we want to bring in martin sturmer, a virologist at the lab for interdisciplinary medicine in frankfurt. it is good to have you on the program. we have seen what is happening right now. flights are being canceled,, countries are bringing back their citizens. is this the -- are these the necessary steps that should be taken at this stage in the outbreak, in your medical opinion? martin: yeah, i think so. because it is quite dangererouso stay in n the area because we kw that the virus is spreading more. you heard about rising people infected with the virus. from might point of view we will have even more in the next days. so it is maybe a good idea. however, on the other side, you should think, or keep in mind that you also have th

airlines like lufthansa and british airways have canceled their flights to and from china and in the city of well hon frank efforts to build a dedicated hospital from scratch go on around the clock. scientists at the chinese national health commission expect the outbreak to continue spreading and reach a peak in 10 days time. our correspondent is following the outbreak for us from the chinese capital beijing and sent us his assessment. we are getting to know a lot more about this virus yet anxiety and uncertainty prevail and people prefer to stay home in order not to get in touch with other people and to minimize the risk of being infected people are angry at how their government has handled the situation and they are prepared for this to last a lot longer foreign nationals are being evacuated from one han now another sign that nobody thinks this crisis will be over anytime soon so how long is this likely to last more let's bring in martin stella is of raul just of the laboratory for interdisciplinary medicine in frankfurt thanks so much for coming in this morning with us or can you

lufthansa and british airways i making simimilar statements.the death toll now stands at one hundred and thirty two sadly it's expected to rise. as more and more cases have been reported includingng. the first suspected ones in africa. the world health organization has upped its warning statatus saying everyone needs to be a wet. but it'ss not a global left yet. on the tarmac of f this military base n alaska the plane coming from we hand touchched downn to refuel.n the e ground personnel in white suits. and inside the plane the first americans to be evacuated from the epicenter of the corona virus outbreak. will two hundred and one passengers aboard hasta health screening tests. the last. is warm for. is the next us tonight for these americans the military base in california with a will undergo additional screenings and be house temporarily several countries are evacuating their citizens from where hun the first of such flights landed back in tokyo a relief for these japanesese passengers. i fell asleep immediately as soon as i satat down in my

after the 2nd world war the allies did not allow lufthansa to fly until 955. meanwhile atlanta flights had become almost commonplace but they were still lengthy it was about you if you do not like if we take a look at the 1st flights over the atlantic starting from here and hamburg the plane would leave here in the evening at 7 pm infused with france it 1st flew within germany either to dissolute or for frankfurt where more passengers could board because as you could see starting from. next the plane continued to ireland where it had to make another stop even at this time planes could not make it across the atlantic without refueling and engine maintenance. around 10 pm the plane was finally ready to begin its transatlantic flight. this leg of the journey took around 10 ellis. passengers would land in new york some 13 hours after boarding and flights were exorbitantly expensive before for the hub not to york and the flight from hamburg to new york in economy class would cost 2600 $50.00 marks for it at that time average employees are in between $2300.00 marks

exposure and knocked by concerns of the coronavirus, this is the picture of some airlines today lufthansa up about 0.09% looking at the uk, the stock is down the british airlines owner have said they are stopping flights to and from mainland china after the uk government said unless travel is critical to china, then it should be avoided for the time being trading slightly on the back foot there is spots of green on the board. some of the initial fears we saw at the beginning of the week when the coronavirus first emerges are subsiding. we have to see how the virus pans out >>> coming up, the iphone makes a come back. record sales helps apple hit an all-time high. the firm has concerns as well about the impact of the coronavirus. we'll bring you more details after the break. the amount of student loan debt i have i'm embarrassed to even say i felt like i was going to spend my whole adult life paying this off thanks to sofi, i can see the light at the end of the tunnel as of 12pm today, i am debt free ♪ we have no debt, we don't owe anybody anything, and it's fantastic ♪ looking to get your

air france and klm have suspended flights to china the airline joins the like of lufthansa, virgin atlantic british airways halting flights to the country amid concerns of employees being exposed to the virus. >> italy has halted all air traffic with china after rome confirmed two cases becoming the fourth european country to do so following germany, france and finland and the uk with the first two cases in england as well italian prime minister announced two chinese tourists have tested positive for the disease 6,000 tourists were held on acrua cruise ship off the coast of italy. the ship's operator has revealed that the 54-year-old chinese woman was diagnosed with the common flu a lot of concern going around and spreading to europe. >> let's chat with jim o'neill over the phone i want to start out by asking you about coronavirus. i know in one of your previous jobs, you worked as an advisor to david cameron and you did a lot of work on infectious diseases in your view, will this be enough to contain the spread of this virus >> my honest answer, i've got no idea i'm sure nobody else does.

companies have been extremely hit by the coronavirus here in europe, we have air france and klm down 2% lufthansa down 1.4 and british down as well travel companies continue to get hit. let's turn to asian markets. matt taylor joins us live from singapore with the impact on asian markets. i've been saying the markets have been closed for the holiday but it seems the theme is still very much of selling chinese proxies. >> absolutely. you'll see the red picture china markets closed until third of february. hong kong still with the lunar holiday. tokyo is okay. we do see a stronger yen australia and new zealand down about 1% south korea was the big decliner, off by around 3% it was really the travel stocks. in particular, airlines. south korea marking the biggest fall marked by the airlines off by 6%. quantas in australia off by 3% medic makers a big decline relying on chinese visitors. these names down 11% and 14% respectively hand and face mask producers, two big names we saw almost up 29%. up a maximum of 30%. those are big winners today. generally, a weaker picture in south korea really leading

. >> yes absolutely looking at the dax, that is down lufthansa is down 7.5 percentage points today even at the bottom easy jet is down that makes a lot of sense on a day when oil is up anything from 3% that any airlines or any company that uses oil as a main cost or raw material would be trading inversely and down on the news so airlines have been taking it heavy in europe and on a major sector here. all sectors have been trading in the red. up at the top, only oil is trading in positive territory >> thank you for the update from europe as we head to break, take a look at other stories we are keeping an eye on this morning tess lue is cutting the starting price for the china-made model that stock off in the pre-market by 1.5%. the turkish owner of the private jet that carlos ghosn used to escape japan has filed a criminal complaint one employee has admitted to falsifying flight records and says he acted alone. shares of credit suisse are lower today after the bank announced a $1 billion buyback program. >> announcer: today's big number $1,331,000,000,000 that's apple's markecat p after

lufthansa is down and the big spike in oil has not been good for the airline industry in italy, we are seeing a lot of red on the screen as well. not a very good start to the day today after a very positive start to the year yesterday for the stoxx 600 and all the other indices tracking with the geopolitical development let's talk about the impact we have had on oil. you can see this is the picture for brent now trading up about $2.30 higher at 3.5 percentage points we got about $2 higher it has come back and you can see the picture is one of strength for oil trading about 3.5 percentage points stronger up 20% whether geopolitics or opec there is a balance that has been pushing energy higher. no surprise we are seeing a bid for safe haven the dollar yen is trading about half a percentage point and trading that much firmer versus the u.s. dollar at 1.08. we are down about 0.2 percentage point. the euro down too. we are seeing some strength in dollar versus g 10 currencies and safe haven like the yen are gaining a bit. not so much the swiss frank today. we are seeing a lot of movement in

and yet none really affected the market, a stock they was looking at was lufthansa. a lot of airline, oil goes up it costs them more. i think overall, i will bring it back to fed, we put so much emphasis on monetary policy over fiscal policy, now that we entered an election year that will add to volatility, i do believe as for investors, and again, i am not one with fund or anything, i think going forward -- don't laugh. going forward you to having more cautious it will be more volatile. >> whatever the conflict is to your point, the way we fight wars now is different. right, in terms of drone strikes, not boots on ground. but to your other point, with regard to iran, the -- their. david: there economy in sham bowles. shambles. >> and forth coming sanctions this is a doctors era. -- this is a differenter athey are threatening cyber attacks. to use a business term, barriers of entry to war have just been lowered. david: for all sides, do you really think one-on-one us with united states, with our techies again iran. who'll win that one. >> you look at this, i would no

shares of those companies easy jet down 4% expected to pose worst day of trading since june for lufthansag the moves in context, the price of brent crude, global bench mark trading $60, below the peak of 75 bucks a barrel back in april. we'll watch that oil trade through the course of the day and reaction from european leaders. france president macron is urging iran to refrain from provocation in talks with the russian president putin. back to you. >> thank you, dom. >>> time for a news update sue herera has it at hq. >> indeed i do thank you, jon here's what's happening at this hour hezbollah officials gathered at the iranian embassy in beirut to offer condolences following a u.s. strike that killed iran's top military general qassem soleimani led the expedition ari forces in the middle east. hamas spokesman said the crime reflects the american recklessness in the region and violation of state sovereignty. >>> elsewhere, one of the largest evacuations in australia's history is under way, ahead of hot weather and strong winds, forecast to worsen the wildfires across the country. more than

followed a year later by the daring rescue of german passengers that had been aboard a hijacked lufthansa over in minutes. a blinding flash, a deafening explosion, and gunfire. >> the plane's passengers and crew were freed in a rescue raid by guncrack commandos at mogadishu airport. >> there was a sense that the pendulum was swinging away from terrorist efficacy. in other words, if you hijacked a plane, you didn't necessarily get a free run to the press conference. >> once again, we see terrorism's evolution in the sense that the terrorists themselves often have to change up their tactics if they're going to stay one step ahead of the government. >> west german industrialist hans martin schrier, a key government adviser, was kidnapped in cologne today. >> the terrorists riddled the cars carrying schrier and his police bodyguards with machine gun fire. the bodyguards were killed. >> this is the third terrorist incident in germany in the past six months. all involve death, and all involve the bader meinhoff group. >> the bader meinhoff faction in west germany was part of a 1970s trend of ma

austrian air and lufthansa canceling flights to the city today. susan?usan: hillary, thank you very much. stay in d.c. with fox news's kevin corke on the house war powers resolution being voted on right now. kevin? reporter: as we speak. here's the thing, senate republicans will tell you, susan this is never going to make its way past the senate. this will not be binding, it is not going to be law. it will be a non-binding resolution when it does pass our expectation. we have chad pergram on the ground at the capitol. let me tell you this, this has a couple of ways you can look at it. on one hand this is certainly a tone setter for the house. representatives would like the american people to know, for that matter, they would like the world to know that they are going to do all they can to constrain this president, especially if he decides to further engage or escalate the circumstance between the united states and iran. now, the other way to look at this. senate republicans, for that matter, a great number of house republicans will tell you, because this

stocks like lufthansa doing well.as got 20 of oil -- has got plenty of oil stocks as a result. underperformance is coming through for the cac 40. we will deal with the details next. the european close is coming up. this is bloomberg. ♪ guy: 30 seconds to go until the end of regular trading in europe. 40 has gone down and down throughout most of the day. that is the picture in terms of the 30,000 feet you. this is the view in terms of how the session is developing. the stoxx 600 has moved higher. we are not quite at session lows, but nearly. volume has been all right. individual markets look like this. oil has been a laggard today. they are that in mind. that in 100 -- bear mind. the ftse 100 up .3%. the cac 40 a little bit of a laggard. it is stocks like total that have not done well. i have not loaded up the grr, the sector-based story, but my excellent producer has. let me show you what is happening from a sector point of view in europe. technology has done well. suppliers, they have done well. you can see what has

weren't supposed to buy anything fancy or flashy on account of the heat being on them all for the lufthansaist. and that is among the great scenes in "goodfellas" filmed inside neir's tavern. and what did i tell you? didn't i say we had good news to report tonight? neir's is owned by a guy named loycent gordon. there he is. he's a lieutenant with the new york city fire department. just days ago he announced to the regulars that after a huge rent increase by the landlord, he couldn't keep up. neir's was going to have to close this coming sunday. but then late today, something went right in new york city. it took the mayor, the chamber of commerce, and the local councilman, but neir's is staying under a new five-year lease. so the next time you're in queens, the next time you fly into kennedy, take a cab over to neir's, order the shinebox burger -- i'm not kidding -- and the beverage of your choice because, what did i tell you? neir's tavern will remain a part of new york city film history, meaning hundreds more customers are going to be able to post photos from the exact spot where de niro l

certainly lufthansa down 7%, i think they're overdone based on that if you see any stabilization rather than just a huge zoom to the upside out of these refined products >> that's where you saw the biggest losses in the airline complex was overseas >> yep >> some of the more european airlines and else where were down sharply >> almost double >> let me do this. let's broaden it out then to the market at large. we had a big day yesterday >> we did. >> we come in today and it's a different picture. now, we've cut the losses by a large amount s&p i'm looking is down 14.5%. >> one of the stronger exercises you could perform today is looking at the market and identifying stocks that are actually moving higher in this environment. so, facebook alphabet and i think it was josh who mentioned alphabet in 2020 might lead the market higher alphabet is now higher on the day. that is exciting to me you have names like chipotle and best buy which i own they are higher on the day some of the housing names like lennar are higher on the day you don't have to act, but you take notice and understand in a d

it seems carrier lufthansa cancelling flights untiljanuary.ns, 45 of them, or on the ground in tehran, and we're hearing that a delegation of about ten people from canada there is on its way to iran, and that is interesting because canada at the moment does not have diplomatic relations with iran. thank you. you're watching afternoon live, these are our headlines. iran denies a missile was responsible for this week's plane crash in tehran — western leaders believe the ukranian passengerjet may have been shot down by accident. the duchess of sussex returns to canada, a day after she and prince harry revealed they will step back from their roles as senior royals. the bbc news presenter samira ahmed has won her equal pay case against the bbc. the football association are in discussions with the bbc and bt sport about broadcasting every fa cup tie outside of the usual blackout period on a saturday. it comes after criticism of the organisation for allowing betting companies to stream the ties. jose mourinho says his striker harry kane is irreplacea

miscalculation or mis identification there have been similar diversions by air france kaylin and lufthansa let's get more now from gabriel elizondo he's live for us in washington d.c. and gabriel we're we're hearing that airspace is no close to us put there has been some initial reaction from the u.s. president in tweet form overnight he's claiming that all is well. yeah president donald trump did tweet about 10 pm local time in washington on tuesday evening this was a tweet was the only official statement that we have heard from donald trump or any of his cabinet members for that matter on the strikes tuesday evening the tweet was very very simple and it was simply said all is well part of it also said so far so good 'd and he said that the u.s. is still assessing the damage that was done at the bases and that was it after that they literally shut off the lights in the white house and we haven't heard from anyone since then although we expect that to change soon it's a little after 5 am here local time in washington and as people start to wake up here we are told that donald trump will be

ng or stopping flights t and from mainland china, including british airways, united, american and lufthansae ited states and many oth nations are warning thr citizens to avoid any nonessential travel to the untry. dr. trish perl is chief of infectious diseases at the university of tes, southwestern medical center. >> this kind of dynamism i have certainly not witnessed in my career. so, i would say that it is really very, very dramatic. >> brangham: chinese officials are still struggling with the pace of the this outbreak. hospitals here in wuhan, the epicenter city, have been errun and understaffed for over a week now. >> now, even the chinese health authorities admit that ts is, in terms of contagiousness, is much stronger thane thought. >> brangham: yanzhong huang is a public health researcher at the council on foreign relations. >> so scientists are saying that is that the cases is going to contin to increase >> brangham: to stop people leaving affect areas, the government has shut n unprecedented number of railways and roads, effectively locking down more than 35 million people. but, c

macau and taiwan that's causing worries over its spread 7 air carriers including british airways lufthansa and air india are halting all flights to mainland china the u.s. and japan have been the 1st to airlift their citizens from the epicenter of the outbreak the u.k. e.u. france and india are also planning evacuations many of those returning home will be placed in isolation or in a report. after completing an emergency mission a plane carrying more than $200.00 japanese citizens arrives in tokyo from china they're among the 1st foreign nationals to be evacuated by the government from the capital of who bay province which is under lockdown because of coronavirus. curie q so when i was very worried because the situation changed very rapidly honestly i have quite relieved that they brought his home swiftly with the chartered plane. upon arrival 4 of the passengers suffering flu like symptoms were taken to hospital . as the crisis deepens more countries are looking to follow the lead of japan and the united states and begin airlifting their nationals out we have taken a decision the smalling

british airways, indonesia's lion air, lufthansa and its subsidiaries swiss and austrian airlines havee chinese mainland with immediate effect. united airlines has temporarily reduced its schedule between the us and three cities in china. on thursday hong kong will "temporarily" close some of its borders with mainland china. four local airlines, including cathay pacific, will cut flights to destinations in china. air india says its regularflight between mumbai and shanghai has been cancelled until mid february. and finnair has cancelled some weekly flights from helsinki to beijing and nanjing. adam sack is the president of tourism economics the uk health secretary is chairing a meeting of the government's emergency committee this evening to discuss the british response to the coronavirus outbreak. the world health organisation says the whole world needs to take action to stop the spread of the new virus. here's our medical correspondent, fergus walsh. this was the last british airways flight from china. another flew in from bashan, it follows the foreign office advising against all but

british airways, germany's lufthansa, swiss, india, asian carriers, all following suit.and border with china. about that cruise ship in italy -- 7,000 people were quarantined on board and forbidden from getting off when a couple from china developed a fever and breathing problems. those are typical symptoms of the virus. they have had, however, announced they have tested negative and they will be allowed to disembark. but it is a reminder of just how on edge everybody is. all of this being said, u.s. officials dealing with the say it is very low risk for americans. 90% of the cases are in china and cdc and hhs working very hard. since december, when they identified this, to make sure their containment plans in place and trying to avoid any kind of panic in the states. >> sandra: a quickly changing situation all over the world. benjamin hall, thank you. >> ed: a very serious situation there. what about this? peta wants punxsutawney phil to stop seeing a shadow. they want him to go away. who the activists think should replace him. ♪ let's be honest, quitting smoking is fre

antas, lufthansa, all avoiding that airspace.dubai and in hong kong, our senior international editor jodi schneider. -read storyhe most and the main bar, iran's retaliation on the u.s., does it look like they have finished now because we have heard a number of people say this may be the first big slap at the u.s. it would be wrong to pull back at this time and it continues? >> at least the iranians are trying to signal this is it. they are not interested in escalation, they don't want a war, they don't want to see this theyict dragged on and said it was a proportionate attack that complied with international laws and did the job. some will be hesitant to believe that. they may think the u.s. undertook the killing of solar soleimani and the iranians decided to do something like this and adopt it as the state but some believe iran will definitely, maybe in the future resort to other ways using its proxies in lebanon, hezbollah evenvenge the death, after time. the newsare awaiting of concluded proportional -- proportionate measures.

and agrade from lufthansa upgreat from i.a.g.ee whether anybody picks up on that, 50 notes today. we have a few market closings. switzerland. their equity trading there. russia, romania and others also closed. those are the main ones. ome positivity expected on the rrr cut from china. matt: we were closed here on the last trading day, december 31, maybe a little bit of catchup here. that could turn around. these are still keep in mind relatively light volumes that we're going to be watching. many people who were off on the 31st and the 1st are also going to be taking off the second and the third. certainly here in germany, a lot of people are not coming back to work until january 6. coming up, it is the market openings. futures are pointing higher, especially london as the pound falls. this is bloomberg. ♪ when it comes to using data, everyone is different. which is why xfinity mobile is a different kind of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line

lufthansa down 4%. all the airlines, a lot of exposure to asia are really taking a hit.ey are not going to travel. china restricts a lot of travel. matt, anna? matt: annmarie hordern with a look at some of your movers. turning now to her home country, and away, italy -- in a way, italy. salvini had hoped taking romagna would deal a fatal blow to the primitive stir sophia contact dexter seppi can't take, -- giuseppe conte. james is still with us. someone was telling is earlier people might get used to political volatility in italy. i would say that's already happened. here we have the opposite and away. it looks like they are going to stick with something. does it make a difference with the way you invest? james: yeah, i don't recall a period where we had much stability in italy, to be honest, and that goes back further than my own memory. it wasn't too far out of line with the polls. not a huge shock. risk investors have a shorter-term high it's no surprise we've seen a dramatic tightening. they've opened 20 basis points tighter and that seems to make sense. you start to

lufthansa down more than 7%. ryanair doing -- airlines do not like the news of higher oil prices.5%. up 3.5%. matt: annmarie hordern with some of your movers. let's get to bloomberg first word news. >> a u.s. air strike in iraq has killed one of iran's most powerful generals. attack which was ordered by president trump escalated a growing conflict with iran. chuck schumer is insisting the impeachment trial of president donald trump include new commits and testimony. that follows the revelation showing officials questioned the legality of delaying aid to ukraine. mitch mcconnell has resisted calls for longer trial spain is set to get a new government. the acting premier persuaded a party to help him take office for second term. that means another socialist coalition -- a final vote in the spanish parliament is expected on january 7. boris johnson's top advisor is looking for weirdos and misfits. post,000 word blog dominic cummings said he is seeking people of various backgrounds to work at downing street and he said there are profound problems for how the british space makes decisi