vonnie: michael o'leary, ryanair's ceo.an close, following stocks. 35 minutes until the end of the tuesday session. london back after yesterday's bank holiday decline in london. benchmark stoxx 600, this is bloomberg. ♪ mark: it is a lot of clock a.m. in new york and 11:00 p.m. in hong kong. 13 minutes left in the trading day -- 30 minutes left in the trading day. vonnie: this is the european close on bloomberg markets. mark: he wrote a top stories we are covering from the bloomberg and around the world. in the u.k. election, both candidates showing vulnerabilities. jeremy corbyn struggling to answer questions on how he would pay for child care under prime minister theresa may's hard-line talk making the u.k. a leading stock in europe. -- a laughingstock in europe. a rocky start to the week for president donald trump, dealing departure and questions over his son-in-law's connection to russian businesses. another shrugging off day today. euro area economic confidence falling for the first time this year. how the numbers will

jonathan: michael o'leary will be joining us.f you have trouble getting from london to you nor -- new york and this man -- was this man smiling over the weekend with the woes of british airlines in london? you are watching bloomberg. ♪ david: this is bloomberg. opec's agreement to extend yet to impress the market. all prices falling with crude dropping below $50 a barrel. jason schenker is here to explain why. explain exactly what is going on with opec because the markets don't seem to be buying it. jason: this is a surprising thing and i think at the end of the day that they are not really looking at some of the most important data. there was a big buildup ahead of the meeting and i think what you what -- might have seen is profit taking on this decision -- i don't know if people were expecting a more robust decision, but you saw a rollover of production cuts involving 24 different countries rolling into what is going to be the biggest driving season in history in the united states through march, miles -- total miles driven on -

let's bring in michael o'leary the ceo of ryanair, the company out with earnings this morning reportingng fares. and michael thanks so much for being here today. >> thank you, becky. good to see you. >> let's talk earnings first. 6% increase in profits. this is coming despite lower fares that are out there. and you see even more profitability throughout this year. what's happening? is that a resurgence in the economy in europe? >> i think it's been a very good year, 6% earnings per share. remember it's a year when there was a number of significant terrorist attacks in european cities last summer so we're growing strongly. we're forecasting 8% profit growth this year. we've been at 600 million share buyback this morning that runs through october generally speaking -- over every other airline in europe we see ourselves growing strongly across europe particularly as l alitalia and air berlin restructure. we expect to be able to exploit opportunities there. >> british air has talked about how they think they're fares will increase this year. will yours increase as well? >> god bless them. t

this morning we have michael o'leary, the head of ryanair.at he thinks about how the airlines have been treating customers. this morning, the winner of the indianapolis 500, takumo sato will join us. he's ringing the opening bell and le ta and he will talk about the win. he almost won in 2012, but crashed right at the end. this time he's coming back. he won, it's a huk tuge turnaro for him, we'll talk to him about that and a line of wine he's got as well. >> becky, thank you. >> thanks. >> coming up, data. the big focus for wall street this week. key reports on housing, the consumer and johns. we'll get you set up for the week ahead with jonathan golub next. their experience is coveted. their leadership is instinctive. they're experts in things you haven't heard of. researchers of technologies that one day you will. some call them the best of the best. some call them veterans. we call them our team. >>> welcome back to "worldwide exchange." i'm sara eisen here with wilfred frost. just about 3 1/2 hours to go before the opening bell on wall st

you just heard before from the chief executive of ryanair, michael o'leary. ryanair planning to accelerate european expansion, taking on financial woes as regional competitors reduce -- ance on and in certain uncertain u.k. market. we are going to add two or three more 737 jets to its existing delivery schedule while extending leases on 10 other planes through 2019. rising demand helping push profitability for the fiscal year through the end of march up by 6%. passengers increased 30% to 120 million, bolstering profits despite a 13% drop in shares. sticking with airlines, the owner of british airways was not trading in london yesterday because of the trading holiday. london, they were earlier down as much as 4.5%, the most since july last year. ba scrambling to explain how a local computer outage could lead to thousands of stranded passengers over the weekend. the full flight schedule was due to resume today. damages for compensating customers is estimated at 100 million euros, about 3% of the annual operating profit of parent iag. the parent company. out of

jonathan: we will bring that up and throw it back out to michael o'leary.lves may be. we would talk about that, as well. francine: jonathan ferro there, with daybreak in 15 minutes from now. now, tobias is sitting right there and he knows this chart cold. we are showing standard imports, 500 slope monitors, a depression in the 30's over on the left and kisses, some circles of they are moving averages which showed that you mend the gloom. we have -- that showed that gloom and doom. what is wrong with buy and hold? tobias: in this week to a performance world, that is a problem. coldof traditional buy professionals have held back and they have not dissipated in this market since 2009. they have missed this more than tripling of the market. tom: what does that mean for the mood of the market into the summer and autumn? tobias: i think there is a potential for surprise because they are already worried about a host of issues, including elections abroad, which is what we were worried about one month or three months ago, but they have moved from the netherlands to