we had a record we sold for qantas domestic. a record results from a qantas loyalty.htly. we had a huge it changes. that business to be implemented next year and we are expecting a significant improvement in its performance, all things being equal, next year. across the board, we were pleased with of the results. our shareholders, customers and employees benefit from those results. yvonne: international is your highest risk area. you talked about earnings falling 5% this first half. how would you assess competition? you have resources in asia, are looking to launch in europe. is the competition getting more intense or abating now? alan: there is still a lot of capacity. half we saw a slight increase in revenue of 0.3%. we are expecting that type of trend to continue. as i mentioned we have up three big initiatives on the change to improve the economics. we have eight of them in total arriving. there will be changes to move to singapore from dubai. emirates from some of the flights qantas is picking up. to londonw perth service that starts at the end of march. the init

a lot going on for qantas.g to the singapore airshow throughout the day on bloomberg television. ap ofour, boeing's senior sales discusses its take-up of planes in asia. robert martinen joins us to look at asia's demand for aircraft. we will also talk about the importance of global alliances with star lines ceo. this is bloomberg. ♪ ♪ a quick check of the latest business flash headlines. the hong kong stock exchange issued new guidelines allowing companies to price ipos below the indicative range as it tries to attract more to the list. copies can price shares as much as 10% below the bottom of the range. the change takes effect immediately to be reviewed in 12 months. yvonne: honda lifted its forecast for operating income, although guidance remains below analyst estimate. billion, but $6.7 2.3% below market expectation. the stock is nine buys, 16 holds and no cells. coming up in the next hour, we will continue to look at the global bond rout with tax-free capital raymond lee in about 15 minutes. also talking a

qantas has rejected the basis of s&p's report.they are investing in their fleet, options for 45 and 99 options for airbus.'s from while qantas is not spending more until at least 2020, it is arguing it has the orders in place and good price options. comerouble qantas faces is 2020, it may have to start paying company tax, which it has not been paying because it lost so much money in the past. also qantas has a very defined net -- target range and that will constrain it if it is faced with a large aircraft bill. haidi: how does the fleet compared to comparable carriers? angus: qantas has historically targeted an eight to 10 year average for planes. it is creeping up toward the 10 year age now. while that is less than delta's fleet in the u.s., it is double the average age of an emirates plane or singapore airlines. old fleet, itt an is not something you can ignore. eventually customers start to notice if a plane is old and they cost more to maintain. it is a bit like not attending to a leaky roof or giving your house paint. thetual

they are in that quadrant, which will in for a more bearish view than the market has on qantas.t feels like, these concerns they have to start reinvesting after the turnaround. it is almost as this is as good as it is going to get. concerns about how that is going to impact the debt load as well? >> there is no doubt that qantas management has done a good job the point of view of cost saving and we organizing the's this an restructuring, but when you get into the investment cycle, you isn't, anda company it comes down to their management and their ability to employ that capital effectively and at a return that is consummate with history. it is always a challenging period. arterely for qantas, the may cycle where management has that a great job in reshaping the business and the question now becomes what they do when they get into the investment phase? expectationsour with mining, will the story play out in a favorable way? read of thegood miners through quarterly results. yet the quarterlies -- and get a a productionwhere perspective is an act is analyst and myself a good read of

in australia qantas are due to release their earnings numbers this week.k. earlier i spoke to june from tribeca investment partners in sydney and i asked her if qantas would have strong results despite stiff competition and rising oil prices. i think the company will deliver a good result in that environment given the benign environment given the benign environment in ticket pricing and it should announce a buyback, we expect a strong performance. and bhp billiton, will it produce strong results because of commodity prices? and we expect a consensus upgrade at this result, should be a strong price performance. you have the likes of home depot and walmart announcing their results this week with the economy expanding in the us, will be retailers have good results ? us, will be retailers have good results? they will deliver strong results? they will deliver strong results and give a positive guidance into next year. what about the likes of hsbc? they had strong results the previous quarter, will it outperform this quarter? i think they should deliver a good r

we had a record result for qantas domestic.s loyalty and our international was down slightly, but we have a huge change for that business that will be implemented next year and we are expecting a significant improvement in its performance, all things being equal next year. so across the board, we had pleasing results. and we saw today, our shareholders and customers and employees have all benefited from those results. >> hewlett-packard enterprise and hp ink reporting earnings. hpe boosting its full-year forecast beating estimates and hp ink topped estimates with strong computer and printer sales in the holiday shopping quarter. maintaining momentum as the industry is stagnating. what is driving these results? >> a few things. we have to unpack them, because for a long time hpe talked about being better together and this quarter they were better apart. i think you have two companies that have stronger ability to be nimble and to resize their infrastructure, particularly in the case of hpe. now, in the case of hpi, the parent co

we had a record result for qantas domestic. a record result from qantas loyalty.ss is going to be implemented next year. in new zealand, the story after forecasting their second highest year. in 2018, before taxes, lifted by local demand and strong inbound of 230 the equivalent million u.s. dollars. only's slightly because of fuel cost. david: a temporary fix that will keep them flying until it from an solution is found. thisping production of product. this version of steel will be used instead. stay with us, much more adam bloomberg asia. ♪ follow billhad to gates and steve ballmer. did steve say if you do this well, we will be happy? and the ♪

qantas warned about its aging fleet. s&p said they must upgrade soon before

exponentially more and more secure and i think it will be the gold standard of crypto currencies of a trip to qantas will come as well but bitcoin will always beat their ex the same like the blocks in technology it's here to stay good for rick for us and show god thank you thanks for having me of course critic and see is about more than just making a quick buck digital money has the potential to brave aleutian eyes the world of finance or machine learning makes huge strides we met a young man who's develop the technology to allow machine to machine payments. easiest to catch at the airport dominic shino twenty two year old programmer with. the entrepreneurs flying all over the world to promote his digital currency he's put the code for us out in the public domain called aims to vet transactions especially those that in the future could be carried out between machines. our mission isn't automation it's to make things independent and the way we make machines independent is to give each of them a digital wallace. and what we do then is get the machines to paycheck their one good example is a car paying

that will be good for the qantas group.alan joyce speaking at the singapore airshow. great interviews from the singapore airshow today. goolsbee with robert martin, the leasing arm for bank of china and don't miss our conversation with star alliance ceo jeffery goh. let's get back to the markets because this global equity slump is deepening. we heard from robert kaplan suggesting more than three rate hikes from the fed is possible and we could get four. the market reacting very violently to that as u.s. treasury yields hovering at the highest in 4 year. hong kong stocks looking bearish. now extending earlier losses. -- you see comp down shanghai comp down. 2.5 percent lower. 1.5e seeing kospi off by percent. australian markets playing catch-up. this is bloomberg. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple

certainly be of andrest to shareholders they have other global players in the market and we have the and qantas,giants the flying kangaroo, up there. >> it should be a big way. thank you very much. back to the united states and the chances of sweeping immigration reform may have been dashed. the senate rejected a proposal and a bipartisan compromise. course, -- antonio isfrom san the bloomberg view columnist, jonathan. will there ever be a deal? question is whether republicans feel comfortable going through a round of uglytations that look first swing voters who do not want to see that. there seems to be a majority in the house and it doesn't look very good right now. march 5 is the date for the and,ation on the calendar if there is nothing that happens there between then and now, what happens between the dreamers? >> the question is on the enforcement side. what will be happening is we live in fear and the people who signed up for daca might have the information and could go after them. means the trump administration will look to crack down or the things status know.e don't is somethingfear we

as if qantas stary good stock in the pre-war belly poking around. once a year for a whole week of the end of january the entire village turns back to clocks. in one county you really get a feel for what it was like in the back of the park i love that me and. look at the women walking right now that's what's so great and it's the passion of a belly pork for their bare pokey stinking god i think it's simply wonderful the whole atmosphere and the way people are parading around the sides of the pot as these are it's fabulous to feel like an elegant lady and almost the whole village gets into the spirit of the ballet talk even the local supermarket gets a different name. called tells of the chic are based on recipes from the time and of course there's absence and aniseed flavored spirit that was all the rage at the turn of the century. the baker to has turned back because he's waffles are made from only flour and water and chocolate is like it used to be to. the chocolates in the bell of law carol weren't so sweet they were made of seventy percent cocoa

were consumer and transport related stocks like 0antas, consumer and transport related stocks like qantase saw millions of chinese take trips overseas and they are spending a lot of money shopping and eating out at restau ra nts. of money shopping and eating out at restaurants. aside from china, pretty dismal in the asian markets but we will see how we go tomorrow. many thanks for that. most asian markets sank on thursday, fuelling fears of fresh volatility after federal reserve minutes raised expectations us interest rates would rise further. us stocks were in positive territory most of the session on wednesday, but began falling about a0 minutes after the federal reserve released the minutes of last month's policy meeting. the much—anticipated notes showed the board thought donald trump's sweeping tax cuts could fire up the already humming economy, pushing inflation higher. so tokyo stocks dropped following falls on wall street as market sentiment remained fragile after recent volatility. here in europe markets have opened. it's busy day on markets with lots of earnings out today — barc

the destination for qantas this time is the region of how we just outside the kurdish autonomy is region. to specializes in treating seriously wounded victims of war to get to the war zone the crew needs passengers and special permits for both the kurdish and the iraqi territories. is about let's say you bring it straight points from will definitely have to pass a lot of checkpoints and we have permits for all of them they're all in our list items even but the problem is the things can change overnight. and double i'll tell you there's always some issues the most but it does and that can cause us to laze the system. fifth super. filming is strictly prohibited at the checkpoints. the convoy leaves an appeal heading toward the. from there it heads south toward how we are at the time of filming most of the area around the city was held by the i.a.s. . twelve hours later in the early evening the crew reaches the war zone the iraqi army only reconquered the villages in the area just a few days previously. the cutter's crew is put up in a house requisition by the army the iraqi army medical co

mainstream thing it's how you approach an individual enough that it is a certain way of doing it to qantas in just a story and i out. this is al jazeera.

because qantas doesn't get any government funding all its staff are volunteers they want to save people from war and injustice in the world. existence mentionable i think it's important to help these people happy to spend my time here. i do because i have no medical or technical training and it was so i do what i can to make my contribution life just as your tongue i'm entitled to by the time. there's been talk to me from my way in byron voluntary internship that i can identify with the values of count of the humane value of. things we should be able to take for granted that everybody can live in freedom and equality. you know personally takes part of the missions he has to raise money otherwise could not exist. so i live. for some of us it's a full time job with no regular paddle the motivation comes from somewhere else i wish the projects were paid for by third parties so that we would not have to rely one hundred percent on donations to it because it's a daily struggle that really takes it out of you. and i hope it continues to grow out of just us that nobody gets hurt and that we ca

true i think it's how you approach an influential enough that it is a certain way of doing it to qantas. story in fly out. welcome back you're with al-jazeera live from doha reminded of your headlines the health authorities in rebel held eastern kentucky are reporting symptoms of gas poisoning among casualties of syrian government airstrikes in which at least twenty seven people have died the continuing bombardment comes despite a u.n. security council resolution demanding a cease fire in syria. the north korean general is set to meet south korea's intelligence chief in the capital seoul he's been in town for the closing ceremony of the winter olympics general kim myong also suggested his country is willing to hold talks with the united states however the white house says dialogue with the north must end with its denuclearization. and the chinese president xi jinping could be able to stay in power indefinitely on the plans by the communist party to abolish term limits for chinese leaders the ruling party wants to change the constitution to remove the current restrictions on which leader

we will be kicking off with alan joyce, the qantas ceo.with him they have been plowing their resources into the region, also long haul flights to europe. how he views international competition at the moment, are there signs things are updating, getting moreg or intense? given new services, how will that impact domestic business? a lot of questions for mr. joyce. kathleen: and after that big jobs report on friday in the out showed perhaps some celebration in wages. will it take for rate hikes in the u.s. economy? the chief economist at the bank of singapore, we won't talk about what -- we will talk about what he sees on that front but also asia this week. you have the reserve bank of india and a lot going on. richard will touch on all of it for us. haidi: there are some essential questions for the start of the trading week. we will be talking about the implications of pushing to 3% of the u.s. 10 year. does that marked the beginning when it comes to this route, or will it be the upper limit? lots more to come. ♪ yvonne: 7:00 a.m. in hong ko

qantas ready to lift off as

truth i think it's how you approach an individual and i think it is a certain way of doing it to qantas inject a story and fly out. welcome back you're with al-jazeera i'm peter dobby here in doha your top stories after leeds from north and south korea have marched under a unified korea's flag for the opening of the winter olympics in pyongyang south korea's president used the ceremony to reach out to pyongyang shaking hands with the north korean leaders system. the u.s. president donald trump has blocked the release of a classified memo written by democrats on the house intelligence committee citing national security concerns the memo rebuts a document prepared by the committee's republicans that alleged f.b.i. bias against donald trump. on seventeen thousand women in sri lanka are vying to be elected into government votes to choose to representatives in more than three hundred local elections on saturday a change in the law now requires women to fill a quarter of all seats. in the turkish military as a stablish in a new position in syria's province as part of efforts to expand a so-ca

but that's because we think it's how you proceed vigil and if it is a certain way of doing it to qantas in a good story and fly out. hello i'm daryn jordan doha with a quick reminder of the top story on al-jazeera the united states has accused the syrian government of continuing to use chemical weapons against its people and of seeking new ways to deliver them and follows a suspected chlorine gas attack in rebel held territory on the outskirts of damascus on thursday well the white helmets volunteer rescue group has been posting pictures of the alleged chlorine gas attack on twitter under the hash tag duma suffocating we are watching very carefully and the united states is extremely concerned about yet another report of the use of chlorine gas by syria the syrian regime to terrorize innocent civilians in the east go to syria outside of damascus if confirmed the attack is the third reported instance in the past thirty days in east ghouta we take the allegations of chemical weapons use very seriously and are working with our partners on the ground to investigate the reports saudi arabia a

you have new zealand, and qantas.g out alone when it comes to the regional push for asian carriers. it looks like folks are enjoying their travel so far. david: for those of you just to make things clear. for equities, let's have a look at the bond markets. at some .10 year treasury yield will be surpassing new zealand. we are already above the aussie tenure. down about two basis points. i do bloomberg radio before i come on tv. don't forget, you can tune into in-depth analysis there. daybreak asia at 7 a.m. hong kong time. this is bloomberg. ♪ haslinda: new york, new york, it's almost 10:30 p.m. in new york city. markets pretty much focused on the prospects of the pace of rate increases, but some jitters out there, possibly for greater rate increases. david: here in hong kong, the all of session, so for you "lord of the rings" fans out there, that is our version of the twin towers. it appears the clouds of mordor loom large. any sort of gains you would hope for being capped at the moment. haslinda: you're watching "b

dani burger from our qantas team, -- quants team.k governor denies accusations of taking bribes. we get the latest from moscow on this story. this is bloomberg. ♪ ♪ welcome back, you are watching the european open. 42 minutes into the trading day. there seeing red across european continent. spain is underperforming this morning. there are individual stocks stories that are fascinating. those. is one of lloyds out of the u.k., orange is helping the french market, but nothing to get it in positive territory. russia, bright green. let's talk about what is happening with russia right now. the crisis engulfing latvia's central banks and banks more broadly turning into a diplomatic incident. the statement from the ministry of defense pointing the finger at russia, saying it may be interfering in the sector as the central bank governor was detained over the weekend on suspicion of securing bribes, a charge he denies. a spokesperson says the governor is not going to today's ecb governing council meeting. joining us now from moscow. is our se

the lesson learned for me was that qantas can actually change the market and have an impact.ou see evidence that this was all down to the out goes? ?- algorithms does digital trading habits of fingerprints all over this market correction? always better to ask people from the market. we are only partially in the market. what i look at most is what happened in the vix and in volatility. that is what we are looking at of a we are concentrated on. now were them trading may well be part of this but it's mostly an issue of the vix and what happened there. higher volatility can be quite good for banks and exchanges so i do see a little bit too much of a comparison to this being a flash crash. comparing it to previous flash crashes. i'm not quite sure this really helps us. we have to what exactly we are sold in terms of instruments. these instruments were sold by a few firms. many people have been talking about in the past. i am not surprised that i'm also not irritated. the instrument's that were sold, europe has a very different attitude. one of the things it appears to be coming o

have any i think it's how you approach an individual enough that it is a certain way of doing it to qantas and inject a story and die out. al-jazeera . we're there for you. hello there i'm dealing with donald in london the top stories on al-jazeera a five hour window for fighting to stop in a rebel held on cave near the syrian capital damascus has come and gone with little success the past ordered by russia was designed to allow civilians to leave the rebel held suburb of damascus an aide to get in but residents say government planes continued their strike to activists say two people been killed. my kids. it was just. any kids in eastern good. fear for any sound just like the air raid of course i have to lie to them to tell them it's ok it's fine the schools are as close to maybe for two months now. even. they cannot go out for. the do they have to stay in the basement south africa's parliament has overwhelmingly passed a motion allowing the government to take private land without compensation the motion was brought forward by the left wing economic freedom fighters party south africa's ne

i want to know, our qantas selling? reallyt be that quants want this?uying stocks in the past 12 months. because the index has been standing up, it means quants aren't intervening to the selloff we are seeing. that's tech heavy at the moment. it has not been as much as a greater market. that also means, however should something happen, should volatility pick up, should correlation get out of lack, there are still holding a lot of stocks. they have a loaded gun on it at the market that should see things change. they can inflict pain and exacerbate selloff. matt: peter, do you expect us to see a pickup the on what we have seen already in volatility? do you expect the correlation to fall apart now? guest: i think we are only looking at the starts of what i expect to be a significant repricing of u.s. rates and it should also lead to a repricing of riskier assets in dollars, as well. degree of contagion will happen on european assets and that's when you see a reinforcement of the divergence in monetary policy that we currently have got. why a u.s. assets ar

did the qantas said the self in new york? that is what led around the world?d that definition of climate computers and machines slightly frustrating. yes, automated machines fell in with a large part of this. they've been a large part of the routing as well. behold infrastructure of the financial markets is machines are increasingly a part -- an important part. etf's are a large part of it. sellinge a part of the of this should not be seen as a weird thing there for you dismiss the selloff. the christie has been squeezed massively. -- liquidity has been squeezed massively. a shift has accelerated in the last week. matter who controls the weather machines. guy: can i come back to the vix? we had a conversation discussing the issue of liquidation and how the structure of the market works and how cash is going to follow on. what is your sense of how the day is going to develop with volatility? this is feeding into so many other asset classes. is there more liquidation to come with the vix? was --he important part that a mandatory liquidation. we saw that yesterda

that would be the underlying factor behind the qantas group spike.us: for more on the story, juliette saly joins us from singapore. so, fairly upbeat. there is something about irishman and airlines, isn't there? [laughter] juliette: there is something about irish men, ,manus. you heard that projection for a record first-half profit. we increased it by 12% based on those figures, which will be $712 million and $752 million. we are still dealing with the tax amputations in australia. what alan joyce said is they are focused on more jet fuel efficient planes. they are also focused on the long, nonstop flights. alan joyce said they can start using some of these more jet fuel efficient planes, like the 787's. he said he could fly two of those tail to tail, and it would be more fuel-efficient than the 380. anna: i read quite a bit about opening up the west of australia to more tourism over the weekend, juliette, with the launch of this life. you also spoke to other industry leaders today ahead of the airshow, when you are on the ground, of course. how do t

game brady and the patriots coach bill belichick have been in seven super bowls together all of the qantas have been settled by less than seven points so expect a tight game the patriots are aiming for super bowl championship and number six the eagles have never won it the last time they reached the title game was in two thousand and four when they were beaten by brady and the patriots while eagles quarterback nick foles has thrown for sixty one touchdowns over his whole n.f.l. career brady has sixty eight touchdowns in the playoffs alone. well how do you not be as excited as ever played in a game like this there's you know everybody's watching you're playing for the championship you work hard to get to this point you know and you know you never know if you're going to get back again so you relish these experiences you take in you but you understand why we're here to you know this is again a big event there's a lot to do but ultimately this is about us playing a football game and playing the best game of the year if we can but i don't know what the feelings will be like i know at that mome

one of the longest flights in the world's faces the chop unless qantas and american get their way.approve a joint venture with antitrust immunity to strengthen ties across the pacific. rejection could mean the end of the marathon 17 hour sydni to dallas service. the man fired three years ago as south african finance minister is seen making a comeback. then presentedy jacob zuma in 2015 but sources tell us he has the support of the new president. the president is said to announce a cabinet reshuffle tuesday evening. the current finance minister is seen as going back to his former job as an affairs minister. former general -- contest indonesia's next presidential election which would be a rerun of the bitter 2014 run. indicatestion party that he will be its candidate when the decision is made in august. he is popular and has improved access to health care and infrastructure, but has fallen short of a promise to boost growth to 7%. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. the year bein

exponentially more and more secure and i think it will be the gold standard of crypto currencies of a trip to qantas will come as well but bitcoin will always be the same like the blocks in technology it's here to stay for brick for us and show god thank you. this is the final competition day at the burnin international film festival and my colleagues charlotte chisholm pill and god rocks down at the red carpet how do both a few human beings know what is going on behind you. yes we've just had the wild premiere of the new polish film ugh the stars of that film were on the red carpet behind us just a few moments ago they've now gone in to take a look we were lucky enough to see the press preview just a short time ago yeah this is one of the last times to screen here in competition. it's a comedy about a man who has a horrible accident and has to have a face transplant and having his face changed having his face taken off and put back on again it transforms him and can cause some sort of crisis in identity and i just have to say i'm really even saying the words face-off right now and. going on between

exponentially more and more secure and i think it will be the gold standard of crypto currencies of a trip to qantas will come as well but bitcoin will always be the same like the blocks in technology it's here to stay free for us and show god thank you. this is the final competition day at the byrne an international film festival and my colleague charlotte chisholm pill and god rocks down at the red carpet how do both a few human beings know what is going on behind you. yes we've just had the wild premiere of the new polish film ugh the stars of that film were on the red carpet behind us just a few moments ago they've now gone in to take a look we got and i were lucky enough to see the press preview just a short time ago yeah this is the last films to screen here in competition. it's a comedy about a man who has a horrible accident and has to have a face transplant and having his face changed having his face taken off and put back on again it transforms him and can cause some sort of crisis in identity and i just have to say i'm really even saying the words face off right now and this is. going on