even lufthansa losing 6% today and bt being 5% weaker 3% loss there with the results g picture.n the united states, this is what we had seen for the market picture. losses across most of the board. we have seen the nasdaq record its worst day since february as the tech stocks began to tumble out on that front. both s&p and dow jones industrial average closing lower. more than 2% the worst day on record for the nasdaq since february. that is deep selloff there breaking the streak of not losing more than 1% for the s&p. down 1.3%. >>> let's get into the treasuries following the downgrade from fitch the 10-year treasury rising to the highest level of november of 2022 that is all on the back of what we are seeing. 4.157 currently. european neyields are down. interesting to take note to see how this fares all of these will still be impacted by that downgrade coming from fitch. u.s. futures here. this is how we see the market. stock futures going down today we are seeing things contending with the u.s. downgrade on debt. the tech bellwether apple and amazon will be ones we will look a

such as the lufthansa telefunken benz juncker and others, working for the war machine.cha my mother worked in a merens factory. it was a big undertaking. they were engaged in tailoring for the german military. this is a very large enterprise. this is a city. they punished themselves very severely, broke down and for a long time her mother was by nature a hardworking overseer, noticing that she was very diligent, unexpectedly somehow approached , looked at her, took pity on her and stroked her and put four needles in her pocket. do you show someone? i gave one needle to my friend, but she broke it anyway. i have seen, that she is crying. i think at least she would not be sentenced, because she was already approaching the execution. the girls were taken to work in germany from the chausy region. those stolen from the republic were sent to quarries in france at the coal mine ; those who ended up on farms or in personal service to german masters were a little more lucky. slaves, they were sold at a marching price, which could be purchased not only in germany, people were se

lufthansa and other airlines doing just fine.ppreciate you filling in and helping us out with that. we do get stuff in the next 24 hours. you have spanish and german -- french and german consumer confidence. especially in germany a lot of the sentiment on businesses has been a week. we also get earnings from brunello cucinelli. a nice read from europe and asia in particular with what the consumers are doing. we did the uk's foreign secretary heading to china. the secretary of commerce was in china as well. his focus will be on russia and ukraine and this visit is to last a couple of days. speaking this morning in austria, robert holtzman laid out his case for an ecb rate hike downplaying the risk of a recession. saying we are not in the clear when it comes to inflation. if there are not any big surprises i see the case for pushing on with increases without taking a pause. that after the hawkish take away from jackson hole. joining us as the ned davis chief research economist. readings from france and germany are not high on the l

such as the lufthansa telefunken benz juncker and others working for the war machine.eicha my mother worked in a merens factory. it was a big undertaking. they were engaged in the noise of clothing for the german military. this is a very large enterprise. they are very strict i punished myself for breaking down and for a long time, and my mother was by nature a hardworking overseer , noticing that she was very diligent unexpectedly. somehow he came up and looked sorry, i stroked it in my pocket and put four lessons. but he said, if you show someone, i gave one needle to my friend, after all, she broke it. i saw that she was crying. i think even if she did not let it slip, because it was already subject to execution. the girls were taken to work in germany from the chausy region. stolen from the republic were sent to quarries in france at the coal mine; those who ended up on farms or in personal service to german masters were a little more lucky. slaves, they were sold at a marching price, which could be purchased not only in germany , people were sent to austria, east

the german airline group lufthansa has posted record profits due to a surge in demand.demic levels. airlines are cashing in on a boom in leisure travel since the easing of covid restrictions. goodbye she is 76 years old. i enjoy being amongst the fishes. pauline has been here for eight years and teaches people of all ages how to dive. she says the oldest person she has taught was 90. i dive. she says the oldest person she has taught was 90.— has taught was 90. i like helping --eole. has taught was 90. i like helping people. especially _ has taught was 90. i like helping people. especially those - has taught was 90. i like helping people. especially those who - has taught was 90. i like helping people. especially those who are nervous, those who have trouble getting into the water. 0nce nervous, those who have trouble getting into the water. once they have actually managed to get in, they come out all smiling. that is they come out all smiling. that is the best feeling. i am happy for me, for any of the other guys who have done that process. i don't dive all of the dives

for thousands of international travellers from europe to central and southern africa.germany�*s lufthansa to three extra hours in the air — as planes have to re—route to avoid flying over niger. air france also warned of the extra flying time but has also cancelled flights connecting paris with mali and burkino faso. around the world and across the uk. this is bbc news. let's look at some other stories making news. new figures from the mortgage lender, halifax, says uk house prices have dropped for the fourth month in a row. they were down nought point three per cent between june and july. the cost of a typical home is now just over 285 thousand pounds. new research from the us suggests there could be a connection between the number of bird species in an area, and the mental health of the people living there. scientists compared figures from an online bird database with hospital admissions statistics from the state of michigan. majorflooding in alaska has triggered a state of emergency. an outbust of a glacial dam on saturday has prompted evacuations for some residents in the state capita

germany's lufthansa has warned its passengers they could face up to three extra hours in the air as planesng paris with mali and burkino faso. we are closely watching events in dorset and have some live pictures for you now as asylum seekers have started boarding the bibby stockholm barge, in portland, dorset, after numerous delays. there's been opposition from local groups, lawyers and asylum seekers rights groups as well, fears about their welfare and also for locals the impact on services. 0ur correspondent ellie price is in dorset for us now. we are seeing the first asylum seekers boarding the bibby stockholm and presumably more are expected through the day? i and presumably more are expected through the day?— through the day? i think that's riuht. we through the day? i think that's right- we are _ through the day? i think that's right. we are currently - through the day? i think that's| right. we are currently tracking through the day? i think that's - right. we are currently tracking the progress of the bus on its way we think very shortly will be arriving in the next few minutes. we

we have seen travel and leisure lead the gains of 1.3% air france and lufthansa gained 2.5% that is pushingp the travel sector credit and agriculture is moving higher today so, too, commerzbank falling with the real estate being down as well as media chemicals following suit here are the news stories coming out today. credit agricole with net income jumping 25% in the second quarter to just over 2 billion euro now the results were driven by the strong performance in the insurance and consumer finance unit nearly 6% higher is agricole commerzbank with a net profit for the second quarter that is a better than expected rise on the annual basis revenue increased 9% to 2.6 billion euro commerzbank said higher interest rates offset the previously flat hit of 342 million euro in the quarter following an unfavorable court ruling on polish mortgages. 3.5% down is the stock >> let's welcome sylvia to the desk and she has been speaking to the company sylvia, who insight can you give us as to were we see a notable downward share pricereaction today? >> they did not give us a size on the share buyback p

headache for thousands of international travellers from europe to central and southern germany's lufthansa flying over niger. air france also warned of the extra flying time but has also cancelled flights connecting paris with mali and burkino faso. 0ur correspondent chris ewokor is in sokoto on the nigerian side of the border with niger and gave us this update the military junta leaders the militaryjunta leaders are not taking chances. they have alleged some form of military deployment, in preparation to invade the country, to central africa but he didn't mention the name. because of that flights are diverted and of course those who are flying even from within niger, that is a kind of disruption. beyond that, aside from the closure of the airspace we are also, have a situation where borders are closed. junta leaders have opened the borders for some african countries, nigeria border with niger and the republic of benin remain closed. and of course benin republic. has sparked increase in prices of foodstuffs, nigeria has also cut electricity which is also affecting the nigerian households t

we also have results from lufthansa, the german airline. it says it sees full year profit above 2.6 billion euros on a strong outlet for the second half. it sees third-quarter adjusted ebit exceeding the pre-crisis level. and report second-quarter revenue of 9.3 9 billion euros, only beating estimates by a whisker. it is battling the likes of ryanair and wizz air for passengers in the cost-of-living crisis. shares up 13% today. more earnings throughout the program. coming up, the bank of japan steps in with unscheduled the bond buying for a second time this week. and coming up, after that net interest income miss from ing, i'll be speaking to the cfo tanate phutrakul. stay with us. this is bloomberg. ♪ lizzy: the move by fitch to downgrade u.s. government credit has put renewed focus on the nation's debt trajectory. mliv strategist mark cranfield joins me for more. how far will treasury yields rise? what does it mean across assets? mark: if we believe bill ackman, who valerie was talking about earlier, there is a long way to go on the upsid

staying with transport, bloomberg has learned that lufthansa is looking to sell its insurance brokersbatross, and its insurance business as it pushes to streamline operations. the german airline has been selling non-core businesses in a bid to raise cash as it focuses on consolidating europe's aviation market. now to tech. apple says it is going to unveil its new iphone 15 line and next-generation smart watches on september 15, with a live event edits steve jobs theater in cupertino, california, and it is going to have an online presentation. apple sales have slid for three straight quarters as the company contends with shaky demand for smartphones and other devices. and now, back to the big bitcoin news. grayscale investments has won a key legal battle in its push to launch a spot bitcoin etf. that brings the u.s. crypto industry one step closer to tapping billions of dollars from everyday investors bring it -- bringing it even more into the mainstream. is this really a game changer? >> the sec wanted, which is the sec was resisting a spot bitcoin etf in the us. we have to see whethe

such as the lufthansa telefunken benz unker and others working for the war machine.reicha my mother worked in a merino factory. it was a big undertaking. they were engaged in chiffor clothing for german soldiers. this is very large company. they punished themselves very severely, a t-shirt broke, and the mother was by nature a hardworking overseer , noticing that she was very diligent , unexpectedly somehow approached, took pity on her, stroked her and put four needles in her pocket. but he said, if you show someone, i gave one needle to my friend, after all, she broke it. i saw that she was crying. if only she had not been sentenced, because it was already subject to execution. the girls were taken to work in germany from the chausy region, stolen from the republic were sent to quarries in france at the coal mine; those who ended up on farms or in personal service to german masters were a little more lucky. slaves, they were sold at a marching price, which could be purchased not only in germany, people were sent to austria to east prussia, latvia, poland, lithuania

using the block chain for the future fleet or electric costs to interact with public transport. lufthansa wants to see if the block chain can better attract pots and maintenance. and dodge, telecom is using smart contracts to negotiate terrace for roaming costs, with other telecoms. if we can still trade certificates and shipping documents on the block chain, you can check to see whether it's organic. i've a cartilage really came from full groove them for pack them and we ship them. you might wonder what's the point of production if it's controlled by a company? well, i compared to the open internet versus company own entrance. they both exist. meanwhile, facebook announcer crypto currency for the 2000000000 uses. such a system might be more efficient than a public doc chain, but this a downside. some governments banded within weeks. right now, the ways pieces of paper that's being shifted around that doesn't make any sense that infrastructure needs to be or why occupying wall street when we can build a new one on the block chain instead in the future of the centralized finance stock cert

i mean, think, for example, of united's partner, lufthansa, that has an investment in the german railway service where, they can sell through ticketing on a mixed itinerary. i mean, does it look like united investing in high speed rail in the us? what does a sustainable travel revolution the board actually mean? you know, i think, you know, integration and business horizontally and vertically is something that, you know, been done for ages. i think a couple of things specific to rail a high speed it is yet another one of those societal political slash funding issues that you people don't travel on trains in the u.s. it's very accepted in europe, as you know. but we've not gotten there. and the, you know, the amount of cost that is going to be required do that at some point in time is not so i don't know that i would i would support a move into another industry of that with all of all of its own issues. i we have plenty to do inside of our inside of the airline. and i think the focus for the airline industry is to move towards more sustainable electric planes electric flying cars we call

i was with lufthansa.ere only offering hotel vouchers. they were not rebooking flights. people were not rebooking flights. people were trying to find any possible alternative they could to get back to the uk whether by train, lots of people going to amsterdam to get the ferry. and looking for alternative flights back to the uk later in the week. ., . . flights back to the uk later in the week. ., ., ., , , flights back to the uk later in the week. ., ., ., ,, ,., week. you are a teacher. i guess you have to get — week. you are a teacher. i guess you have to get back _ week. you are a teacher. i guess you have to get back for _ week. you are a teacher. i guess you have to get back for the _ week. you are a teacher. i guess you have to get back for the new - week. you are a teacher. i guess you have to get back for the new term? | have to get back for the new term? exactly. that is why i wanted to be home yesterday, so i had a few days to prepare in the lead up to next week. that has been compromised, which

lufthansa and its subsidiary, eurowings , not coming in from eurowings, not coming in from frankfurtam. that's also off. but british airways is the one to watch because, of course, they've got more than half the flights going in and out of the uk's busiest airport. i'm seeing extraordinary things. yes there's a dozen or so cancelled in places like paris, milan, copenhagen , but also something copenhagen, but also something i've never seen before. many flights which are scheduled for the early hours of tomorrow morning, um, taking off between 1 am. and 4 morning, um, taking off between 1a.m. and 4 am. i really can't see that happening because pilots cabin crew would be out of hours and i'm afraid every every minute this goes on, it means more people who tomorrow morning will be waking up where they don't want to be. and this is all happening on one of the busiest days of the year for aviation . aviation. >> so how likely is it then that this disruption could not just run into hours , it could run run into hours, it could run into days? simon >> well, if it stopped right now, if they g