i am anna edwards. >> i am mark barton. from lenovo beat estimates when it released its earnings earlier this despite a 10% drop in peace is -- in pc sales last year. >> good morning to you, mark. we have two beats, both on the top and bottom lines. lenovo's third alert -- third-quarter income surged. that is for that three-month period that ended in december. that is on the back of sales that rose from 15% to $10.8 billion. china accounts for 37% of total sales. these numbers don't include the recent acquisitions that were announced last month. the company agreeing to buy google's motorola phone unit for $2.9 billion and ibm's low-end server business. >> how do they continue to maintain their pc market share? is throughple marketing in china. as they look to reintroduce the motorola brand their, the company is saying they expect losses to end in that company within quarters. looking at global pc market share, lenovo is ranked number one with 16.7% of the market share. china's pc marketshare hit a record 38%. it is a positi

i am mark barton. and 7ee billion dollars having been spent on next the ration, the company still finds dry holes. let's bring in international correspondent hans nichols. is 15 billiontion in net income. what you really want to look at newf they will announce any finds or wells. used to stand for "can't find preservers." from the good reserves ivory coast. they need to be more diverse. last month, they told french lawmakers at this stage, discoveries have not reflected the efforts we are taking. we have not come up with new reserves. anna, mark, it's not for lack of trying. the announced exploration and they spent $2 billion, 20 felt it was up to $2.5 billion -- in 2012. was 2.8 and $10 -- $2.8 billion. >> had today ranked against their peers? >> they are 21st out of 28. bp is third on the list. that wildcat had or big well you are finding. they have not got to azerbaijan but they need to find more. hans, inyou so much, berlin. >> janet yellen speaking to congress. david a lynn stays with us to talk j

i am mark barton. it is 6:00 here in london on a tuesday morning. moberg reports are standing by ready to deliver the stories that will drive your day. -- bloomberg reporters are standing by ready to deliver the stories that will drive your day. why it is chilcote will talk about the possible data ryan chilcote will talk about the deal.le activis jonathan ferro has more. we are looking ahead to car sales figures next hour. another month of growth would keep the industry on track. since 2000expansion seven. news overnight from the bank of japan that boosted lending programs a while sticking to the plants unprecedented asset purchases. zeb joins us. >> good morning to you. the bank of japan is signaling to the market that the stimulus perhaps is on the way after the disappointing gdp report we got yesterday showing a slowness and weakness in terms of the economic recovery. the third arrow of abenomics may not be working as planned. the bank of japan said it will double the size of funding facilities and a loan programs to ¥7 trillion. this was a bond

welcome to "countdown," i am mark barton. >> i am anna edwards. getting figures from germany. >> gdp up 0.4%. they forecast 0.3%. ahead of expectations. we hadossing the -- p.ench dbp -- gd experts rose more strongly than imports. government consumption stagnated. private consumption declined slightly. there was an increase in investment, equipment, and construction. >> but get to david freed in berlin -- let's get to david in berlin. >> one of the interesting things about the numbers has been the dichotomy between the hard export like the gdp or performance and soft numbers like business confidence surveys. the confidence survey at a two-year high. economistsonomies -- wondering why you are not seeing that reflected in the hard numbers. maybe are you are -- you are beginning to see it performing in the numbers for the fourth quarter. government is slowly becoming a little bit more optimistic. we saw this week, that economic ministry increased its forecast for 2014, looking at 1.8% growth. that to looking for accelerate in 2015 two two percent --

i am mark barton. my guest is lena komileva. the fed has spoken.looks like they are looking to truck forward guidance. think about the approach where you tie into a figure based on unemployment or do you go the more quality of -- qu alitative route? what do you think? >> absolutely. the question is wide open. the fed isar is that preparing to draw away the rules of the fed and throw away the rulebook. it.s confidence about rule that istaylor still very instructive. it indicates the level of the momentum and the strength the u.s. economy. when it is still too high for them to sustain nominal rates of borrowing costs, it is not a surprise that the fed is managing.towards we talked about deflationary worries. there are a number of comments that were aired within the minutes. they talked about too low inflation. is it time within the fed statements to formalize it saying that it would keep rates low if inflation persistently stayed well below our two percent target as we know it? half of its target? around one percent, isn't it? >> that is right. it is

am mark barton. i am anna edwards. talks about how to run internet access -- broaden internet access. did mark zuckerberg give us any hints of his plans? he said consistently that nothing was going to change. the area was crowded. i cannot tell you how long the lines were. there were around the entire area here. crowded out. but all they wanted to hear was about the $19 billion deal. -- he saidsistently that nothing is going to change. $.99 a year for free messages and calls. zuckerberg seem to agree. >> one of the important pillars of the deal is that it is going to continue to operate can clearly of thomas lee. they will use the services from facebook, other that is different tools and infrastructure, or help using the people at our company to grow different functions of the organization. whatever he wants to use, he will have the ability to use, but the vision is to keep the service exactly the same. >> work autonomously, that is what mark zuckerberg was saying. about noas saying gimmicks. no games. that is why the $

i'm mark barton. bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. onberlin with the latest ukraine. paul allen from sydney ahead of the g 20 meeting. in the studio, jonathan ferro has the details on it or leave thousand job cuts rbs is planning and managed tranny will usmanus cranny will bring the earnings from gucci. helped by higher earnings in its property, and or casualty divisions. those are the biggest. net income increasing to 4.48 billion euros. 4.74ngs have missed the billion euro analysts had expected in surveys. axa is also investing 6 billion euros in fast-growing nations like china, colombia as the sluggish economy ways on european insurer revenue. yes, profitability has risen at axa, the second-biggest insurer in europe. .evenue up by 2% it was exactly that, 81 euro cents. we will be speaking to the man himself, the head of axa. don't miss that exclusive interview. a deadly week of violence since protests began three months ago.

i'm an edwards. >> and i am mark barton.t guest sees the ecb cutting rates if not now in march. marcus is an economist at deutsche bank. marcus, good morning. talk, haven'tough we, from mario draghi. do we need confirmed action today? >> i think it would be more efficient today. when you have not much room, for example, to cut rates, the actual policy and the element of surprise, you want to maximize the impact of what you do. rather than do it in march, do it in february. >> market rates have come down from recent highs, data improving on the pmi front for the eurozone because of those two factors. he could wait a month, couldn't a? >> he could, but the job of the ecb is to meet the inflation target. the arty have inflation on the two-year side, one point. you mentioned the right, mario draghi mentioned the market rates, and the second was the projection. already 1.3, inflation came in lower than expected, lower than the market expected. they will probably have to cut their two year projection in march. this is the reason w

i am mark barton. >> and i'm anna edwards.loomberg report is a standing by around the world ready to deliver the stories to drive your day. manus cranny is ready to steer latest dealings with dongfang. >> covering clashes in the ukraine and jonathan ferro is focusing on the u.k. ahead of the latest unemployment data and minutes from the bank of england. givefore all that, let's you a few more reasons to stay with bloomberg this morning. we have some big interviews coming to you. we will be speaking to the ceo of the fourth-largest brewer, joergen rasmussen. >> the peugeot executive joins bloomberg, his first interview of the day. --let's look servo into let's look further into the numbers from peugeot. they're beating analyst estimates manus cranny joins us now with more. >> this is quite a bit better. the loss, 177 million euro and the market estimate was for 247 million euros. it looks like they have beaten on the self-made target. target was to reduce the cash burn by 50%. crash,uld generate hallelujah. in the latest they s

i'm anna edwards. >> i'm mark barton.of interestingly the shares may be valued lower than they are currently trading? today we are seeing there will be further write-downs to come and get over. we have some asset sales to occur. we'll be waiting for the sale of the u.s. midwest banking business. >> just don't know when that will happen. overhang,is a large and let's be clear, the government wants them to sell this. it is a very large overhang, keeping some shareholders away. much is this company depended on the recovery of the u.k. economy? they are talking quite positively about the u.k. today, saying they are seeing signs of recovery, increased confidence in the u.k., talking about improving credit quality, decreasing risk to lending. if you factor in these valuations, strong recovery and the u.k., how high can the share price go? >> the answer is not quite enough yet. the government wants them to be a purely focused u.k. lender. still have a very strong role in the retail part of the business, and we know the u.k. is g

push it off to mark barton.ere. >> i'm the only person in england who hasn't watched an episode. but now that tom has told me lady sybil has died, he's completely ruined it for me. who is she? >> exactly. that's why you have to watch. we have a brit not watching "downton abbey," i'm ashamed. >> i've been in therapy for two years over lady sybil dying. there are 50 to 80 bedrooms at high clare castle. folks, it's in hampshire, so it's like fiction nonfiction, and i know that, mark barton, you're going to need to pay attention. i'm going to need a lot of mark barton help to get through our interview with the countess and her castle. >> at least you said hampshire and yorkshire, because many people hampshire, but well done. gow that right. it is yorkshire, and it is hampshire. >> tom loves lady sybil so much, he's going to get the names right. >> i've got to practice the mark barton accent 101. that will help me out. but seriously, a lot going on. yes, we're going to look at "downton abbey," but look at these unfol

i mark barton. 7:46.d scaffold -- staff may have condoned practices and current team manipulation. they said it was not improper to share customer orders. bloomberg reporter uncovered the story -- what does this mean for the bank of england? wille key question, is is, distract the banks into another scandal? they were criticized heavily for warnings.g will we see this happen all over again? >> how will this affect the probe which seems to be widening into alleged manipulation? >> we will see our limit asking outtions as to why these -- of concern that the -- why weren't they escalated? >> remind us about the conduct which they are said to have condoned. >> these traders are said to have been in chat rooms discussing trades ahead of the -- to make sure they were -- they profited from this as well. >> these instant messages are the center of inquiry. every day, we are hearing about more firings and suspensions. give us a sense of where this big probe is headed. >> we have 12 authorities, at least 12 authori

i am mark barton. >> and i am anna edwards.ome breaking numbers coming through from various businesses. nothing from taylor wimpey first. first off, net fees up by 1% to 363.4 million pounds. we have heard a lot about this business in recent weeks in the last time we talked to paul venable, the geographical differences between the australian business sought suffer a little more. he was positive about the u.k. business in the last time we spoke to him. it was the first time in six years they have been seeing a tick up in permanent employees in recent years. there was a big increase in candidate confidence and that was the backdrop to be strong performance they were reporting. let's get more details on the numbers. net fees up 2% and the operating profit is coming in at 67 -- 66.7 million pounds. the yearst half of they delivered 60.3 million pounds. they are proposing a dividend of 0.83 pence per share. last time we spoke to paul venable he gave a upbeat assessment of the u.k. economy saying that all sectors were doing pretty we

. >> i am mark barton.or of gravity director for the science fiction directed harrys potter. our next guest is the director for- he is finance films ise king's speech." the u.k. becoming the preferred hub for the filming industry. thank you for coming in. you missed a big party. we do appreciate it. >> he is missing a good party. we appreciate that. >> you were last -- you were there last night. pretty split worthy awards. gravity won 6. is that about fair? >> yes, i would say it was. it has been a terrific year. it shows the spread of influence of films in hollywood. "12 years a slave" is a british film and directed by a brick. -- brit. >> i know lots of the special effects are british. >> it was filmed. >> what is a british film? >> you answered your own found -- question. it was filmed here. being shot in hollywood at this moment in time. we are boasting fails. there are draws in california. things like "avengers 2." slave"said "12 years a was a reddish movie but was not shot here. is one that originated

i am mark barton.tartminutes on of today's european equities. >> i imagine you created a few things out of legos as a child here it >> i still do. >> i do not doubt that. i am not going to ask you about your skills and legos. >> does he have a young kid? or does he do it on his own? >> he just makes things out of legos. what do we have coming up? >> futures are actually rising. last week, we had a difficult start. today, they are up. the federal reserve will delay a third cut of on purchases. on friday ined terms of jobs data. gained .33%.res >> i do not know if that is good or not. we look at the companies that could be on the move. vodafone is in focus, nestlÉ is in focus. year we would see more consolidation. thefone may be more active. company has approached a spanish company about an acquisition. deutsche telekom has agreed to zech interest from investors. world's largest food company is exploring ways to reduce its 29% stake in l'oreal. there was a scandal involving a very famous french heiress.

." ♪ >> i am mark barton in london. this is "on the move."our phone,ming on your tablet and bloomberg.com. biggest maker of eyeglasses is on today. ray-ban and oakley. they're down 2.5% overnight. 6.1 adjusted their income million. analysts estimating 6.43 million euros. draghi getst mario the final piece of his data puzzle today before next week's policy meeting. our very own jonathan ferro is here to paint the picture. some of the key pieces at least. we will start with gdp. kind, we have the first time that the four major countries deliver growth since the start of 2011. it has been a while. likes of france are in contraction territory. it is not pretty. here is a broad-based issue. low inflation is the issue. today is expected to show a number of 0.7% for the broader euro zone. when you put this together with the ecb's forecast delivered next week, where does ecb see inflation as far out as 2016? target see it passed a of two percent, people will raise the credibility question. you have a mandate and you're not hitting it. >> listening to

francine lac >> i am mark barton, this is "the pulse," in london.number, cap -- economists were forecasting a of of .7% for the month december. the drop is bigger than that, 1.6%. the previous month's gain of 1.4% has been revised lower. it is still a gain 2.9% -- >> why we care, the ecb is meeting tomorrow. a number of banks now expect a rate cut before marcus -- before march. i was just speaking to the chief economist from hermes, he is worried about the strength of the euro and the euro zone for the next 12 months. deflation or the lack of inflation will be the bigger part. andhing for pmi services retail sales when the ecb meets tomorrow. >> 1.3510. >> fashion chain topshop is planning a u.s. expansion. i spoke with billionaire owner philip green about the store they are planning to build in manhattan on fifth avenue. >> when we put our flag down in the middle of 5th avenue, there is no leaving. it is a commitment. we have got to get it right. all our flagship stores, we try to do something unique. this will probably be slightly more difficult b

. >> i am mark barton in london.ry of state john kerry has urged russia to respect the sovereignty of ukraine. he wants russia to give the new interim government breathing space. russian fighter jets have been moved to patrol its porter. >> we will look to russia for the choices it makes in the next two days for their confirmation of these statements. statements are statements. words are words. >> mario draghi says he is committed to defend the euro area against deflation. he said he stands ready to act. investors are waiting for the euro zone inflation number to break at 10:00 a.m. london time. 12 years a slave is one of the front runners of this sunday's academy awards. it has nine oscar nominations. charlie rose has been speaking to the director, steve mcqueen. was a hole in the canon of cinema about this subject. that and investigate find about that. >> you can watch charlie rose 10:00 p.m. london time. >> welcome back to countdown. anna is off today. as ukraine's interim government starts at second day, tensions

under private ownership political analyst dr mark mason he says the violence is growing into a full blown uprising. forty percent of the population of barton you know they are simply employed was out any work whatsoever so these conditions were like annoyed at all surprising that we have a mass popular uprising some of the police may come over and that's one of the back doors that has been actually studied by thoughts will fly into the truth when about five percent of the population say they've had it with the government and they get some significant fraction of the police forces to say i'm through with this too i'm joining the protesters pretty much the end of it for the government so we want to watch that very closely. i just ahead of you here on the program on l.t. international an issue of immigration people in switzerland to decide whether the influx of foreign of work has should because critics say it's going to be a company economy that ultimately suffers in the end. it is don. control time in washington after a leaked recording of a phone conversation apparently involving the u.s. assistant secretary of state revealed the depth of

mark 11, attorney general. voters, theytian care about the education of their children more than almost anything. they love the homeschooling. i would say to them, you vote for me and i will make mr. david barton secretary of education. now, would you guys get motivated by a team like that? do you think it could win? would you be in c lose and get all of -- enthusiastic and get all of your friends and get wound up about something like that? and is it possible? it's possible, folks, and you can make it happen. behind the best candidates and take no prisoners with the gop. you get in there and take their they back and make sure give them your team and a team you can be inspired by. imagine, folks, if you had people like that -- all those people are out there, the proven leaders. the grassroots are out there. there have never been more people who understand the u.s. constitution and american exceptionalism since the revolution. the leaders are there. the grassroots are there. if you can put them together, you can win this thing. only doonly win it, not what reagan did, you can go way beyond reagan and actually restore the constitution of your country and put the federal government back in its pla