we sought evidence in renault's results. 's we saw evidence in renault results.ans nichols has a more. hans, what will growth look like? for grim.look 10% for the year. more immediate, the stock is down from 2.5% this morning. they had a good quarter and a good first half of the year, largely based on third down market cars, budget brands throughout europe on it is in russia where they see challenges. 13% sales decrease in the month of june. the previous 10 months, it was down 8%. they are expecting 10% for the year. look at the brand. they have such a strong footprint in russia. they have 30% of the market. it is not just all renault. au have companies like volkswagen that has a pretty big market share. it will be interesting to see if it is a report effect through the other auto companies. when you look at the brand, some are down 5000 for the year. in 2013.ld a quick thought for you. luxury is not been hit adjusted yet. numbers.ercedes' the first six months, they are up almost 20% in russia. audi is basically flat. bmw is flat. we'll see if there's a split in

. >> would you use renault. -- renault? there is an increase in delivery . is that enough to make you back off? are they expose? >> look at renault. they have a number of exposures. it is 35% each. these concentrations. with renault and russia, they are hedging production with the sales and there is no exposure in russia. >> is a high-margin market for them. >> they get a consumer perspective. >> that is a more aggressive impact. 2011 and it has risen. andre at the low this year it is outperforming the stoxx 600 by 2%. it is the third best european carmaker. is all the good news in the price? >> they say that the expectations for growth are higher. it could be a 3-4% production growth. they are very exposed to europe. we think is a cheap stock and, despite the gains, we look at the relationships and the costs that come out. renault has more to give. >> you are looking at a particular stock on an individual basis. we are getting broad and worried about russia. we getting worried about sanctions? it seems to not be concerned. off -- theas thrown market has thr

coming up, we are going to talk about sanctions and renault.sector and its relation to russia when we come back. ♪ . >> welcome back. you're watching "the pulse". live from bloomberg's european headquarters here in london. i'm guy johnson. mark carney has called lloyds manipulation republic henceable. carney said it may amount to criminal conduct on the part of individuals involved. yesterday lloyds agreed to pay 323 million pounds for libor rigging. profit has fallen 29% and net income declined missing the average analyst estimates of 470 million. the bank cited concerns about sanctions in russia and conflict in the middle east that could impact projections. u.b.s. posted a boost in profit for the second quarter. there was a discussion whether relations are russia are affecting the business. >> actions taken against individuals, for us, it is business as usual. we are committed to the russian markets. >> plenty of expost pose your to russia. renault is in exception. even as they rev up european sales. hans nichols has more on the headwinds on

big gains in renault's budget division.l has agreed to a five-hour truce at the request of the united nations. the temporary cease-fire will allow civilians time to resupply as the israeli army prepares its troops for a possible ground invasion. obama and theck european union have imposed more sanctions on russia. this time the u.s. targets banks, energy companies, and defense firms and their latest attempt to punish the country for its alleged support of separatists in ukraine. >> what we are expecting is that the russian leadership will see once again that its actions in ukraine have consequences. >> so we took a look at the saint is imposed by the u.s. earlier, but how about those imposed by the eu? we ahave more on that, and what else came after the meetings taking place in brussels, which is where she is. what exactly did the eu agree on? >> what the eu decided in brussels goes beyond individual sanctions. it does not quite match the u.s. sanctions yet. level three,o to three, that would include a broader sector of the

we've heard from renault suggesting because of the japanese sanctions and european sanctions, we don't know where we're going. let's not forget volkswagen, siemens and pepsi have major operations in russia. they hope they will see daylight before the demand really picks up late in the autumn and in early 2015 at the height of winter. that's the real delicate window when it comes to sanctions and why the european union says let's review these sanctions three months from today. max? >> john, thank you very much indeed. still to come, the significant capital statue turns blue. we'll talk about that next. >>> the operation targets gaza. that's not where this operation started. brandy k. takes us back to the actions in the west bank that triggered the view owe ledges in the first place. >> reporter: they are abducted in the dark of night while attempting to hitchhike home from religious school in the west bank. it's june 12th when the three israeli teenagers go missing. realizing they're in danger, one manages to make this call for help. >> hello, this is udi. i've been abducted. >> hello?

. >>: that did the marine layer is bringing rascasse to just about everyone sun arose the renault 57. 60 gradual clearing with fed said, temperatures continued its tumble until friday and for details are coming up at 645 >>: a packed meeting in richmond about upgrading the chevron refinery. many residents still recovering from the fire nearly two years ago that sickenedkron four's jackie sissel joins us live from richmond, jackie? good morning and here in richmond and a talk about expanding and dozens of people showed up for and against the rules in favor of it says the expansion needs to be done in any to modernize the refinery. and it will bring japs to richmond-so desperately needed in the new refinery would put out more pollutants in a rare and would often leave the bad for the city of richmond. that allows us the flexibility to meet a commitment and greenhouse gas. and toxic air emissions. now sizes estimating there were so many people there that they had to hear it over if to today so today the have a second meeting. a california jury ruled that the negligent in the beating of s

says hold on a second, we can't run a proxy war, because militaries do things a certain way, and renaultads another. >> if it turns out that the rebels shot down the plane and indications suggest that one rebel leader bragged on a russian version of facebook that the rebels did this, but after it turned out it was a passenger plane, he took off the boast from the website, the social networking site. so it's quite possible that the rebels had access to equipment, air defense equipment too sophisticated for them to handle. and they, for example, mistook a passenger flight and realised what the schedules were, did not understand how to look for transponder signals and made a mistake. >> it's a sophisticated unit. this is not - we have come the long way from shoulder-fired rockets taking down helicopters in afghanistan. this comes after the new round of elevated sanctions yesterday. is this effective. the sanctions are designed not to hit the russian populous and create a situation where there's greater aminos. a comment was made that the sanctions are evil and could push relations between r

renault and nissan is exposed to russia through a majority stake in russia's biggest carmaker. abreast of allu developments. when it comes to sanctions, the top line is the united states has followed suit after the european union, slapping new sanctions on russia. we will keep an ete on tat -- eye on that for you. time is running out for argentina to avoid what could be a costly default. negotiations are taking place in new york. a group of bondholders once -- wants argentina to pay them about $1.5 billion. they have refused write-downs of argentine debts, like many other investors. argentina defaulted on debt in 2001. a closer look on how the new default could compare to the 113 years ago. >> argentinians are still not over the crisis that hit them in 2001-2002. the country default it on debts of $100 billion. its economy crashed. recession deepens, millions lost jobs, inflation spike to record levels, and the peso's value dropped. many lost their savings, businesses shut down, protests led to 24 deaths. if argentina were to default again, it would be the third time in 28 year

they have reduced the operating cost by their partnership with renault.ings to the daimler brand goes somewhat just selling the city cars. they have a lot of different models in which they use their vehicles. the most exciting is the car that ismodels. something they're looking to expand. desire bys this millenials to no longer look at transport singularly. solution.k at it as a the nextout generation, you are the next generation. for the transport needs and that erodes fundamentally the car market. tentatively have you looked at it, do you agree or disagree? >> i agree. they have launched a service called moogle. they plan your transportation needs. mapper.ke a city this is a direction that a lot of car companies are looking into. they have recommending stuff -- recognized the mega trends. they're moving toward more multimodal solutions. >> do think the car industry is underestimating that sort of trend? i pointed it out and he said they do that and then they have children in they get a car. both have a role to play. car sales are going up 4% globally. i

but it's a french renault design. >> reporter: bill bowler runs the foundation in charge of the tanks. if you are thinking of bidding, be aware they are used. >> this tank was in the yom kippur war. it got hit and did damage over in this area here. >> i don't get to work on a tank every day. >> reporter: tom and an army of volunteers are working to get the collection ready for the auction which will be held the weekend of july 11 and 12. they cost from $1,000 to a million dollars. two words: michael dukakis. he won't be bidding, but there are no shortage of military buffs and collectors who will. each of these vehicles is a piece of movable history. you can't shoot weapons anymore, the guns have been silent. the stories are not. mike sugerman, kpix 5. >> there will be a preview the items the week before the auction. if you want to get a look at what you can buy. . >>> this morning, nasa scrubbed the planned launch of a rocket designed to track global warming trends. the launch was supposed to happen at vandenberg air force base. countdown for delta 2 was stopped at 46 seconds because

international news team or if you're watching us from britain you're going underground with a modern renault's. please write on the seat. sir straight to me and i think put your. on a reporter's twitter. and instagram. to be in the little books on my. despite all the democracy slogans that read hard from the white house and you seem to believe that deep down the us administration has a sort of cultural bias towards a correct believing bad arabs or iraqis on simply not capable of democracy in the middle east is that it's been the site for multiple competitions by great powers and empires no real ability to consolidate legitimate nation states except under military dictatorships i think if these parts of the world were left alone a little bit more by the rest of us it's possible that we might see more successful democratic experiment. this is about making the business survive. corporations to load more pollution still. corporations have no feeling. corporations to you or me corporations. people come to untouched for instance and leave massively to say come on. we're not going to quit we will not

and when all -- and renault had a good first half. kind of models that are selling -- europe sales rose by 18%. argentina, russia, down double digits. argentinian sales fell by 20%. russian sales fell by 10%. we talk about the differentials in terms of what is going on in the currency market. euro-dollar trades just under 1.36. traders have not been this short on this currency since 2013. momentum is building on the short euro position. back to you. >> thanks. as we head to the break, it is time for today's pulse number. 54,250. that is how many tennis balls it took to get through the wimbledon championship. the balls are stored at 68 degrees fahrenheit and changed every nine-game. the official ball supplier for wimbledon since 1902. later on on bloomberg tv, we will be talking live to the new wimbledon champion, novak djokovic. the bead roger federer in five sets to reclaim the number one ranking. ♪ . >> welcome to "the pulse." i am olivia sterns. here are the bloomberg top headlines. said that theer eu needs to get past the nominati

french banks are all lower this morning along with renault. factory orders are low. we have a little bit of news. we are waiting for the stock market to open. 2014, there is going to be a loss of 1.6 billion. why? it is down to hungary and romania. 40% higher provisions than anticipated. 2.4 billion euros. they are writing down the values of the romanian businesses. gold. the reason why i put gold is because we have traders that are the most bearish in four weeks. we do a bloomberg survey every week. gold after allon of the data that we had yesterday. nonpharm payrolls. 1.3%.pped 2%.jet up can you get on the seat every time a jet takes off. 92%. that is up from just under the 90% level in the past 12 months. 63.4 company carried million passengers. in currencies. you have the swedish kroner. they surprised by cutting their 50 basis points. one dominant theme. where does the dollar go next? after those unemployment numbers. 288,000 in nonfarm payrolls. volatility exchange is the lowest since 1992. the question is -- is the dollar, even though it is rising, is it still

imperial tobacco is in talks to buy renault and loreat. >> good morning, everybody.ou are watching "on the move." we are in here in london. with me is caroline hyde. we are going to take a look at two stocks that are on the move. imperial is up. merge, it companies it with more is caroline hyde. the logic ofgh this, why they are doing this. &a, lookingall u.s. m to become the number two player. this could be the biggest deal in tobacco history. they are looking to join , $30her two companies billion in terms of sales. the problem is the regulators are sitting around this. they have been trying to do it for months. together, they would have too many brands. , they would have to sell off a few. selling 30%acco is of its holding in the just a -- logista. many speculated what they would do with that extra cast. increasing its presence in the united states. it could snap up some of these potential smaller brands, the likes of pool, winston. that is what many analysts felt would be disposed of. the u.s.be about 5% of market. at the moment, imperial tobacco only has 3% of t

the north valley tribe blocked between renault and grand due to the navy pier flyover project. more numbers and your commute times in just a few minutes. >>a second black box was recovered at the site of the malaysian plane crash, near ukraine's border with russia. this, as the malaysian government met with the media. the country's transport minister says if reports that the plane was shot down are confirmed, it would be "an outrage against human decency." he also offered his condolences to the families of the 298 people who were on board. president obama is pushing for independent investigators to be allowed at the crash site. andrew spencer has more on that, the world want to happen. >> today, nearly 300 people dead after a plane crashes in eastern ukraine and a woman who said she was supposed to be on the flight is still alive. >> coming to the airport in the taxi just crying feeling like i'd been given a second chance. >> the faa warned u.s. airlines to avoid the airspace over eastern ukraine. u.s. officials believe a missile destroyed the flight. >> if that's the case, it'

renault saying up as a rebound in europe offsets some of the weakness in emerging markets and set thew down 70. >>> coming back, the brand new android wear smart watch available today from samsung. is it actually any good? we'll go hands on in a moment. >>> plus, a day before pot goes on sale in washington, why's everyone worried about a shortage? but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. latte or au lait? sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or wheeeels? everything exactly the way you want it ... until boom, it's bedtime. your mattress isn't bliss: it's a battleground of thwarted desire. enter the sleep number bed. right now, you can save $400 on the all-new c4 mattress set. he's the softy: his sleep number setting is 35. you're the roc

but it's a french renault design. >> reporter: bill runs the foundation in charge of the tanks. if you are thinking of bidding, they are used. >> this particular tank was in the yom kippur war shoulder- fired armor-piercing round struck here went through and poked a hole in the armor and went into the transmission. and it blew off, it also did this damage over in this area here. >> i don't get to work on a tank every day. >> reporter: an army of volunteers is working to get the collection ready for the auction which will be held the weekend of july 11 and 12. bring your checkbooks. they range from a few thousand dollars to a million. two words: michael dukakis. you won't be bidding but there are no shortage of military pieces. each is movable history. the guns are silent. you can't shoot weapons anymore. in portola valley, mike sugerman, kpix 5. >> that was just worth it just to see him doing the michael dukakis. [ laughter ] >> the pictures were great but if you want to see it firsthand there's a preview of the items for auction this week, you can get up close and start working

we see them coming off and renault will balls being the cheapest option -- renewables being the cheapest >> thanks so much. a big change here. thank you so much. we are going to be back with more on "the pulse" in two. stay with us. ♪ a ceo speaks to me about his vision for the future. why he is setting his sights on the u.s. market. moves closerussia to a comprehensive cease-fire. details from draghi. more clues about how long rates will stay near zero. we are waiting the u.s. jobs report, due out early because of independence day tomorrow. good morning to our viewers in europe. a warm welcome to those waking up in the united states. i am olivia sterns. this is "the pulse." coming up, taking low cost, long haul. will norwegian air succeed where other airlines have gone before and failed? we have another big airline interview for you this hour. we're going to be speaking with ryanair ceo michael o'leary. we begin with a bloomberg exclusive. i have been speaking with the ceo of siemens. they lost out in their battle with g. -- with ge. how serious worry about wanting to buy alstom? was it

he says he does not see any cooperation with renault for now. stay with the car story.daimler trading higher company beat estimates. hans nichols is here to break the numbers down for us. what was behind this? >> let me jump in on those sergio marchionne comments, that is in direct contrast to what the ceo of daimler-chrysler told us. he said the important thing about russia is to keep gaining market share. he said mercedes was quite strong. differentnd fiat have footprints in russia. most of the line from german , the lineas, henkel is generally a wait and see approach. the fact that a major auto company is saying let's take a step back and put on the brakes is somewhat significant. don't you agree? is significant. the car industry has big exposure in russia. marchionne maybe is a little bit more cavalier with the way he approaches press statements. is saying it, some of the german guys are thinking it. a very good point. this could be on the back of all these major ceos that have data export economies but marchionne is the only one articulating it. i don't know if it

mostly good news there though from renault. company has filed insolvency, and the ceo has resigned after admitting he submitted false accounts for at least the past four years, and for more, we are joined by manus cranny. let's admit it. it.everybody knows i had never heard of it, but it is an interesting raking headline. to be fair, i was thinking, wow, this is interesting. this is a company that basically allows you to hop on to your wi-fi. it is like hot spots. wi-fi around the world. there are 70 cities, buenos aires, hong kong, new york, so no matter where you go, you can hop on. manger, into a pret a but they listed in 2010, and it is all a fabrication, a charade, delusion, a live, whatever words you would like to use, hard and heavy, because they filed for bankruptcy. twitter,umped on to garcia basically saying i am making a voluntary confession in , that everything he is lodged over the past of for your years would seem to be somewhat spurious. x could get better. >> a caped crusader. >> the story of the day. gotham cit

ceo'stime you see two getting together at a conference like sun valley where renault a lot of big dealsether in the past, -- where we know a lot of deals have come together in the past. we do not have any reason to believe basic conversation is that there is anything going on. you never want to rule anything out. yahoo! is about to come into a lot of money based on its stake in ali baba. they have a right to sell a big chunk of that. it is going to free up a lot of money. we have reason to believe this could make sense. there is recent for it. -- there are reasons. a lot of synergy. you could boost your bottom line and cut costs. they are similar businesses. the question you want to ask is is aol where marissa and yahoo! need to go? does it get them into mobile? is a game changer? a lot of it is duplicate of businesses. >> conte businessnt. -- content business. aol is still very much a dial-up company. am i right? >> there are still a lot of people with those aol.com e-mail addresses. >> we think that is crazy but that is where more than half their revenue comes from. what about yahoo!