said joe marchione only days after he stepped down due to ill health marchione was credited with rescuing fear from bankruptcy in two thousand and four and one of the auto industry's greatest turnarounds the news of marchione his death overshadowed the publication of disappointing second quarter results trading in fear across the shares were suspended after they plunged more than ten percent comic opposed to for a net profit of thirty five percent to seven hundred fifty four million euros on revenues that were higher than last year the company which owns the jeep ram alfa romeo dodge and mother r.t. brands also cut full year guidance for revenues. ryanair has warned there might be around three hundred job cuts for pilots and cabin crew as the carrier says it might cut its dublin based fleet by twenty percent for the winter season after recent strikes bookings the announcement comes as ryanair staff in four european countries hold a two day strike affecting thousands of holidaymakers empty halls in madrid's but us international airport ryanair says it's contacted ninety percent of affected

former managers celebrated for saving both fear and chrysler from bankruptcy marchione achieved his last major goal just before his death via price than it had eliminated its debt you also left more immediate concerns for the italian american carmakers posted a thirty five percent dip in profit for the second quarter and scaled back its full year revenue projections. ryanair has warned there might be around three hundred job cuts for pilots and cabin crew as the carrier says it might cut its dublin based fleet by twenty percent for the winter season after recent strikes bookings the announcement came as ryanair staff in for couple european countries hold a two day strike. this is what ryanair was hoping to avoid images of frustrated passengers waiting in line. intent the musky cuz that's the man and we thought everyone whose flight was cancelled had been informed we never expected they tell us half an hour before we were supposed to fly that we weren't going anywhere and i was and i said all of a cancer a flight to pisa we found out in a taxi on the way over here actually yes a lot

before his death if you have crossed that announced wednesday it had eliminated its debts however marchione also left more immediate concerns for the italian american carmakers posted a thirty five percent dip in profit for the second quarter and scaled back its full year revenue projections. ryanair has warned might be around three hundred job cuts for pilots and cabin crew as the carrier says it might cut its dublin based fleet by twenty percent for the winter season after a recent strike bookings the announcement comes as ryanair staff and for european countries old a two day strike affecting thousands of holidaymakers. empty halls in madrid's but at house international airport ryanair says it's contacted ninety percent of affected passengers who've been rescheduled on to other flights the strike in spain comes during peak travel season when families are taking advantage of the summer break from school travelers are in a holding pattern and unsure about when they'll fly as i need to. they've told us we can expect any kind of surprises i hope there won't be any though. the strike follows

sergio marchione only days after he stepped down due to ill health marchione was credited with rescuing fear from bankruptcy in two thousand and four and one of the all industries greatest turnarounds the news of marchione his death overshadows the publication of disappointing second quarter results though trading in few across the shares were suspended after they plunged more than ten percent the comic opposed to the fall and the profit of thirty five percent to seven hundred fifty four million euro's on revenues that were higher than last year the company which owns the jeep alfa romeo dogs and mother auntie brands also counts full year guidance for revenues. thrive there has won't be around three hundred job cuts for pilots and cabin crew as the carrier says it might cut its dublin based fleet by twenty percent for the winter season after season strikes ok's the announcement comes as ryan asked often for we were pm countries hold a two day strike affecting thousands of holidaymakers empty halls in madrid's but us international airport ryanair says it's contacted ninety percent of aff

sergio marchione at the head of carmaker fiat chrysler is stepping down due to ill health after fourteen years at the helm the sixty six year old will also relinquish his duties of luxury carmaker ferrari where he was chief executive he'll be replaced by magic mike manly head of the group's brand. several japanese beaches have reopened for the first time since the earthquake and tsunami disaster of twenty eleven locals held a ceremony to pray for safety before taking to the water fourteen beaches remain closed off after the fukushima nuclear accident and officials say some will stay permanently closed to the public. now sweden is grappling to contain wildfires that are spreading across the country in a sign of how bad things are the civil defense chief has come out and said that the fight has been lost against some of the biggest wildfires a country has seen in decades firefighters have put out a number of smaller fires but the largest blazes will only go out if the weather changes help is on the way from countries including germany. it's terribly hot and terribly dry with hardly any rai

yeah exactly and let me tell you first monica that this news of marchione of passing away just days youknow after it was announced that he would be stepping down has also created some sadness here among traders on the trading floor but not just in the financial world also in italy where he was highly respected and praised by many in general you're right here it is not going through easy times at the moment here at chrysler lord it's fully year targets after the second quarter profits sank by more than thirty five per cent so the trading is suspended at the moment this does not really happen very often that the stock market but with this current situation of profits going down a change in the top management and with really the face off fear passing away this really makes sense from the business perspective that's a lot to handle in one day certainly on a brighter note perhaps possible i believe. presented some decent results. yeah let's call them decent exactly where they came out with fresh numbers today sourced surprisingly better than we already and we thought we have to remember that

said jo marchione who died on wednesday at the age of sixty six following complications from an operation now the charismatic former manager is celebrating saving both fit and chrysler from bankruptcy mckeown had sheaves his last major goal just before his death to chrysler announcing on wednesday it had him in a tit for tat however i'm not a q. and a always had left more immediate concerns for the italian american car make a post today thirty five percent in profit for the second quarter and scale back its own revenue projections of. and let's go straight over now to sara you know how and i mentioned a bit earlier that we are awaiting a press conference from the u.s. president donald trump and the european commission president john called younger speaking in washington we're going to have to live to that press conference now senator john bozeman you're here someplace i john thank you senator mike great po thank you mike senator steve de ins senator hole than thank you they're all here senator cindy hyde smith cindy thank you very much senator james lankford james thank you james senator

sergio marchione was forced to step down. "fbn:am" starts right now. gerri: 5:01 a.m. in new york on june 23rd. i'm gerri willis. cheryl: good morning. i'm cheryl casone. sorry that i interrupted your oil rate but i can't get over the all caps thing. it's interesting. gerri: we've seen this before where he will go over international heads is, so it's not anything new, but every time it happens there's a big reaction. cheryl: wait to begin with some very big breaking news. this mass shooting happened overnight in toronto. a gunman killing one person and injuring 13 others including a young girl. the suspect later was killed at the scene. gerri: happen in a toronto neighborhood known as greektown. >> after 10:00 p.m. police responded to a 9-1-1 call for sounds of gunshots. a young girl and critical as they right now and the other 13 are in hospital being treated. >> investigators trying to find a motive. police say they would not rule out terrorism. cheryl: president trump in a late-night treat issuing a strong warning to iran. here's what the president created. he goes

reports are that marchione's condition is irreversible.you wrote a very personal account of following mr. marchionne for the last decade. what do we know about new chief executive mike manley? manley was the head of the most profitable and bigger unit of cheap. -- of jeep. the decision to appoint manley clearly shows how orton jeep will be in the future of cr chrysler to buyers. fiat chrysler to buyers. analysts include more than jones. has a market rate of over $30 billion. unit ofe most important the group, so it makes a lot of sense. francine: what are the biggest challenges of the new chief executive will face? it iso: i mean, you know, going to be difficult to replace sergio marchionne, especially some of the impacts with investors, with analysts, the way he managed to break some roles in the industry. of fiat success toysler -- he was going resign at the end of this year, so somehow the company was prepared for a successor. are highere chances at ferrari. by another replaced member of the group. the chairman of philip morris internat

mike manley has stepped in to replace sergio marchione and ilari has also stepped in.u in new york. rrari is race. an appropriate ticker. on thoseeep an eye shares. futures are down across the board this morning. it looks like we could see a rocky start for european stock index. here you see the stoxx 50 futures down. the open is next. this is bloomberg. ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hunreds of dollars a year. plus get $150 when you bring in your own phone. its a new kind of network designed to save you money. click, call or visit a store today. matt: less than a minute away from the start of equities trading. let's take a look at what we are seeing with the dollar really against any currency today. it's interesting to see what is going on with dollar weakness. just a little bit of weakness, but

major goal just before his death cries len else to wednesday that it eliminated its day that said marchione also left more immediate concerns for the italian american carmakers posted a thirty five percent dip in profit for the second quarter and scaled back its food here revenue projections. ryanair has wanted three hundred jobs for pilots in cabin crew could be set to go as the carious says it might cut its dublin a base defeat by twenty percent for the winter season that's off the recent strikes hurt bookings now the announcement comes as rawest often for european countries conduct a two day strike affecting thousands of holiday makers. this is what ryanair was hoping to avoid images of frustrated passengers waiting in line. intend the mosquitoes that's a minor we thought everyone whose flight was cancelled had been informed we never expected they'd tell us half an hour before we were supposed to fly that we weren't going anywhere and i know i shouldn't have said all of a cancer a flight to pisa we found out in the taxi on the way over here that she has a lot of. ryanair had tried to lim

boss he has announced that he will because he will be stepping down as well he was very close to marchione also a possible top candidate for the job it seems that he is very frustrated that he was not chosen and because of that he is now also resigning. frankfurt thank you so. china's second largest online retailer j. d. dot com is looking to enter the european market c.e.o. richard lui told german business daily hundred plus that he will have a strategy in place by the end of the year that could potentially shake up europe's competitive e-commerce industry. jadi dot com wants to take on amazon and it plans to start with a european market the chinese e-commerce giant is said to be planning to build logistic centers in germany and france as part of a strategy to help it sell directly to europeans europe is the second largest retail market after north america so j.d. dot com could face tons of competition from established players the top five include global e-commerce leader amazon u.k. based tesco and germany's lando. but that is where the company strategy could help j.d. dot com c.e.o. say