shan authorities are behind the curve, trying to keep control of the nara difficult and. >> there's impact across operations, effect using. yes, operations to repatriate tourists in sharm el sheikh and egypt as a whole are continuing. russia decided to pull all its nationals from out of egypt. that enrol a massive undertaking. there's cobb fucks on ou that would cake place. then today, be heard from the association of travel operators saying 93 plains would be sent in. the europeans trying to get a smaller number of tourists they are having operations campered by the lack of capacity at the sharm el sheikh aircraft of the fireaircraft will be able to bring home tourists and a british official in the past hour said it could take 0 days to bring out that tourism. >> now o news is emerging about an incident involving a plane. a passenger jet quoming to land. coming within 300 meters. if involved the thompson airway said plane. the pilot saw the missile heading to the aircraft but moved the plane to the left. british authoritities say it wasn't an attack. >> two men, an historic hand hake the

>> i like the note talking about the benefit possibly to pan nara bread. clean food.iously doing well. like that, trading around 180. i think pan nara bread is something i would look at. >> one thing you have to watch is when we get to these big numbers like $725 falling down to 600 like he accurately said. it's the same as a $74 stock falling to 62. that's what's going on here. >> do you have a ph.d.? >> i do. >> he's a doctor. >> a doctor. >> where do you see that? it's obviously not good for you, the shareholder. put it in context of, as josh said, 120-point drop. it's a 12-point drop for the same -- for a normal price stock. i think it's a pretty good buy here at around 61. >> you as well, unsuft the way the stock's gone down? >> unjust because we already had the price in, right, i understand that people would want to exit because now all of a sudden -- they already had it after the earnings. we've seen some of that sales contraction. we'ved that revenue growth and they continue to expand their stores. they plan in 2016 more expansion. revenue growth will continue

emily: if you look at the list percentage, a large have valuations at a billion dollars or nara billionrs and some -- or near a billion dollars? reid: who is going to win the bid to lead the next round? just like all psychology of -- there isperson a a natural tendency. one of the good things about the private market, you are trying to deal with much longer time frames. out innd of thing comes the wash over time. emily: what is an entrepreneur to do? should they always go for person b? easy, most most natural, most human to use the number two benchmark how they are doing. select the partners who build the company you will build five to seven years from now. people are equivalent , take the higher valuation. you should really think about, when you take an investor, you are taking a serious partner, committed to making your company into something real and much bigger than it currently is and that is what matters. the current valuation does not matter at all. itly: sam altman called uniform -- unicorn fraud, this financial engineering that may or might not be happening. would you go so far

nara check is at the board. the biggest gainer on the stocks 600.is a company that had that cyber attack three weeks ago. the stocks have been hit since then. expect the financial impact to 35 million pounds this fiscal year. it also said it is on target to meet analyst estimates this year. too early to say if it will reach longer-term goals. that is talk talk. moving onto carlsberg. .he biggest brewer in russia it is going to cut 2000 jobs. what the company is trying to do is cut cost to compete with more profitable rivals. talking about ab inbev and sabmiller. moving on to sabmiller, it is not one of the biggest gainers, what it's stocks have hit its -- has had its highest level since 1999. ab inbev has agreed to pay 44 pounds per share. a company controlling half of the industry's profits. back to you manus. manus: thank you very much. protecting your data. it is critical at the moment. from the undesirables. talk talk has been hit by cyber attackers. there brought charges against suspects accused of running huge hacking schemes against j.p. morg

nara. ♪ cory: you are watching "bloomberg west."will sign billion defense bill, banning moving guantanamo detainees to the united states. josh earnest says the decision the president's desire to close the prison. the olympic committee is asking for discipline to ban russia from the 2016 olympics. a report found that russia's federal security resources interfered with a moscow lab checking for doping. the hurricane season may be remembered for a subpar number of storms. the season produced tropical hurricane joaquin in october, and tropical storm kate, the 11th this year. and

joined by nara. what are the details? the market they are referring to is china.% of its revenue chinese consumers. it is seeing a slowdown there as of those consumers move to japan and europe, profiting from those weaker currencies. for the headline number, it is first half adjusted pretax profits. that is coming as a beat. .50 million pounds the interim dividend also coming in at a beat at 2.2 pence per share. share.0.2 pence per burberry issued a profit warning . we saw a sales drop as well. the company leading for the ceo christopher bailey having his pay cut. now burberry is going to be focusing on cutting costs. it is going to consolidate its products under one label. with thatgrappling slowing luxury demand in china. ask you. anna: -- back to you. guy: merck finish its day up. a $17 billion acquisition. we are joined by the company's cfo, marcus kuhnert. good morning to you. the future appears to be in a different direction for your company. give made this acquisition. yesterday to integrated into your guidance. the guidance looks very strong. are we seeing

let's get you to bloomberg business with nara. cook has reported profits that beat analysts estimates. europe's second-biggest tour operator says it has seen an encouraging start to next year. goldman sachs employee hired to develop surveillance system to detect behavior has been sued by .he ftc the security exchange commission said that he exploited his access to the firm's system to make half $1 million. hp has -- the lackluster pc and printer market after splitting up with its counterpart. falling short of analyst estimates. that is bloomberg's business/. just an aside on the ecb. it is messing around with its asset purchase program due to lower market liquidity. it is going to frontload that program. and little bit -- a little bit of an effect into the bond market. as wider question which is ecb expanding, are the good to be other liquidity issues? they are going to be other liquidity issues? george osborne delivers the first awesome statement. he will do it at lunchtime. anna is down at westminster on what we can expect. nna: