at one point, qantas was losing $450 million a year.ynal plan was 2015, you would see a proper international unit. said that isjoyce not what happened. it is not a great sign for how quickly they will be able to turn that around. qantas adding a bit of a drag when it comes to the market in sydney. indexesten, that dictated to where the miners are going to. iron ore stocks, the iron ore prices below $90 for the first time since 2012. --r same for skew metals that is really dragging down the benchmarks. australian banks off by half a .ercent there i down. iron ore prices >> let's look at some of the top corporate stories. it could be australia's biggest ipo in my than three years. health scope hopes to raise as much as two point $4 billion, selling more than a billion shares. the chief finance officer says he does not expect a turnaround anytime soon. it will take time for prices to gain. clearing the skies with drones. china is using the unmanned craft in its fight against pollution. catcheas to catch them -- companies not following gove

let's take a look at what is going on with share prices of qantas, down 4.7%. aussie dollar -- 1.27 aussie dollar. pain continues at the former flight carrier. as ineed, today as well the last day of the first half of qantas's financial year, it is the birthday of the chief executive. it is not a great birthday present. it is the worst performance since they were cutting jobs in february. the thing that seems to be moving is they put out a statement saying yields, the measure of how much they make it passenger per kilometer, is a crucial indicator for airlines, yields will be down this year. they fell last year as well. why? is a crucial measure of revenue and a measure of profitability. if they yields are falling, that is going to affect your top line. of course, your costs rise regardless. wereey are below what they last year, they're likely to be the worst since at least 1999. costs.e 15 years of that is a problem for airlines that is already facing $750 million of losses. >> they are having real trouble turning things around, do we know why? pretty have giv

that qantas board that i mean let that go to develop not do that you decreases i mean shia. in today's berlin books are sold right next to the spot where they were once burnt. there are lots of history books here including those on the nazis rise to power in germany this is the moment when google's office got the green light. the so-called ministry of public and lightman and propaganda the third reich was housed in this building. from one nine hundred thirty three to one nine hundred forty one the agency's budget increase nearly ten fold. but i'd be a cool concept. in this to scare. you into best openly question to me i'm so touched up because being even small that i do believe that she couldn't they were right there was a big new seals not in the give me say evil bit in that they had to fight it but he didn't begin with that honest man sitting with his ear on the program to prospects . these are right wing rallies in modern germany they do not directly associate themselves with the ideas of the third reich they are fighting to make jobs available to germans and to immigrant

qantas and dexter traffickers were likely to see the bay bridge and back up for hours this morning and the westbound direction more traffic with a small fire vehicle accident on about 83 with a showing of kron4 will tran live on the same with more from fremont received the chp remote of the cars at around 535 in the morning. there's still plenty of space in between the cars through the looks like some cargo and a little bit slower past the scene because you conceive the flashing lights and they're here because of a flat tire possibly because of what that three of the ground. the mystery video that we shall only first i hear this as a raw 520 of the morning this was at least four cars involved in this accident the route for third in the morning. they're looking into the possibility that speed might have caused the accident on a found 880 just north of the mission and said warren avenue ed zachary 607 right now i'll have my usual ultimate cheeseburger. you can have that. or-two new versions of the ultimate cheeseburger. one has sliced jalapeños and creamy ranch sauce, the other has sweet

that qantas board at the crimea to totally develop to that you decreases i mean she. in today's berlin books are sold right next to the spot where they were once burned. there are lots of history books here including those on the nazis rise to power in germany this is the moment when google's office got the green light the so-called ministry of public and lightman and propaganda the third reich was housed in this building. from one nine hundred thirty three to one nine hundred forty one the agency's budget increase nearly ten fold. but i'd be a cool concept. in this to scare. you into best openly question to me i'm so touched up because they mean it's more that i do opinion but only at the pride the most about new seals not knowing in the given say even that that is what he will hear but he didn't be adequate but honestly answered seriously on this program to prospects. these right wing rallies in modern germany they do not directly associate themselves with the ideas of the third reich they are fighting to make jobs available to germans and to immigrants from other c

chinese airlines and qantas airways were down 1.5%. and staying on the same of safe 1282 trade, we are now at in gold. >> the fighting in iraq has been an important topic for our guest on morning. new edge managing toby lawson says market reaction has been, but things can -- has been calm but things can change quickly. have reactedrkets with movements in crude and precious metals and selling at a equities and bonds. it is pretty normal when you see some sort of external geo-political shock to the markets. but right now, in terms of oil supply, the situation in iraq is very much concentrated to the north of the region. most of the oil production is in the south. immediately, in terms of supply and impacts on actual production, think it will be minimal at this point in time. but that is not saying that the crisis could not escalate. >> he is vice president of ihs energy. if the situation worsens any further and output is disrupted, he predicts that the markets will take it. >> the spare production capacity within opec can offset all of i

thefts qantas live and closer to the bay area that's expected to bring a few showers to the north oflong the coast. really not too much of thing religious frescoes as best i then will remain completely dry and the south bay. fremont to- high of 72 vallejo said they didn't have 76. downtown's san francisco's fan of the mid-60s the of one looking for 70. there is a 7 day around the bay forecast for real stickler weather and too small high-pressure revealed as we head into the weekend that means morning fog sunshine. temperatures back into the upper 80s and then looks like temperatures will continue to warmest had until early next week. >>: some election of the u.s. congressman charles rangel celebrating in new york this morning despite firmer resulting to close the call for the 4 year-old 22 term lawmaker took the stage last night declaring victory in tuesday's primary 399% of the votes election officials have not said how many ballots are still outstanding 50 party suffering to major losses in yesterday's primary mississippi sixth term republican senator thad cochrane has barely held

among the airlines having to scrub their flights, but low-cost carrier owned by qantas.d brokers are staying away from the trading platform. a new york attorney general has sued barclays claiming the bank lied to clients about high-frequency trading. what is next? >> week filed a complaint. we have discovery. part depends on the inject of relief we get or what barclays does -- part depends on the injunctive relief we get or what barclays does. we are in court and look forward to moving ahead in front of a judge. >> no new sanctions for russia and an extension of the cease-fire between the separatists and government. hans nichols in brussels with the latest. is monday a new deadline for new sanctions? ifit is a potential deadline leaders iron out their differences on how hard and what sectors to impose sanctions on russia for. there's still a great deal of disagreement. we do have a 72 hour extension of the cease-fire. but the cease-fire has been violated on several occasions. angela merkel said it was not worth the paper it was written on. an extension, more time to solv

support his program for ending the insurgency in the east but effectively what you're looking at is a qantashe wheels between washington and moscow and in their respect i really think that it's time for russia to impose a no fly zone well if you don't miss a trick which i just wanted to up to here and as just ask you a question. you know on the one hand yes e.u. you said that the u.s. praised key of and its leader for their doing but then again we have a situation here where america is aiding ukrainian military and if america starts sending in military gear to the army what about moscow's reaction here i mean why did not start aiding. asyik russians in the east of ukraine or should it or what's the situation or how do you see it. i don't think that russia should get directly involved because that's exactly what some strategists in washington would like to happen because in that case they would exert pressure on the so-called old europe to remove its objections to the imposition of serious sanctions against russia and germany in particular has been reluctant to part i think that the man who t