dani: ubs downgraded volkswagen and renault saying they were facing more pressure from china.o you agree? joachim: absolutely. we think automotive is the worst of the lot. the mass-market producers face incredible margin pressure. operating margins have held up incredibly well so far at 12% operating margins even though the economy has slowed down europe and china and we are starting to see more price reductions in china. tesla just announced again today. that means the margins need to come down. that is not in the price for most carmakers. all of them should probably seat over the next 12 months half of the operating margin they have right now. that is not fun. alix: not at all. i appreciate we are talking europe. i'm curious u.s. we have a pending strike that could be huge wage gains. joachim: that is absolutely the problem with u.s. carmakers as well. not just european ones. the strikes will lead to higher wage gains. that is good for spending power. it is good to catch up with higher prices due to higher inflation, but it means the cost base for car manufacturers will rise

here is an average professional in moscow who worked at the renault plant.here now, i don’t know. well, they just brought it into a car there, now it’s a muscovite, it’s called now they’re gathering some chinese there. who will brag? we work through the auto, we aim through the cockpit through the glonass, the shooting is done from the remote control, the work is done. our engineers have anti-drone nets. they made their own guys divisional ones. here we have a plate of metal bushings, because the main ones are dumped into the area of ​​the package. here it is, it was made specifically so that if something lands between the package and the cabin, the personnel will not be injured. maybe two weeks ago a drontomikaze arrived. uh, damaged the windshield. well, no special damage in car. he didn't. it’s such a clean little thing , the radiator, and the headlight, no matter how damaged the car is , is in combat readiness. yes sir. how long does it take to be ready for combat? roughly speaking, a minute is the average time when the target arrives. first you make a c

here is an average professional in moscow who worked at the renault plant.w, i don’t know. well, they just brought it into the car. now they are called muscovites. yes, now the chinese are collecting some there. who will brag? we work through the window, aim through the cabin through the glonass path, shooting the work is done from the remote control, the work is done by our engineers, and the anti-drone nets themselves are carried out by their guys in divisional affairs. here. we have a metal plate, because they are mostly dumped in the area of ​​the package. here it is, it was made specifically so that if something lands between the package and the cabin, the personnel will not be injured. maybe two weeks ago a kamikaze drone flew in, uh, damaged the windshield. well, not much damage to the car. he didn't. it’s so clean there is a small radiator, and a headlight, like a car was not injured and is in combat readiness. yes sir. how long does it take to be in combat readiness? roughly speaking, a minute is the average time when the target comes to them, that

no carmaker fully met mozilla standards, but best on the list of 25 brands, the french company renault not sd in the u.s., tes got the worst review. nissan ranks second worst and according to the report can collect iortion even about your sexual activity. a half a dozen manufacturers say they can collect genetic information. >> finding a hotel with a charger for your electric vehicle is about to get easier and tesla announced plans for thousands of shopping stations. the new connectors are a part of a larger effort by automakers to standardize chargers so any electric vehicle can plug in, want just teslas. the additions will make its ev charging network the largest of any hospitality company. >>> well, with the huge crowds we've been talking about, taylor swift and beyonce at levi stadium these concerts became a major story for our traffic guy, as well. today mike inouye wanted to talk about a much-smaller concert and why it is worthy of a story. >> not all concerts can be big blockbusters. even though it is a much more intimate scene tonight, it could be a global impact. let me explai

zelenskyi met with the president of the european bank for reconstruction. and development department of renault basso. in particular , they discussed cooperation in the field of energy security, trade financing, support of critical infrastructure and municipalities, food security and the corporate sector. for three days, lviv will become the center of ukrainian it from the latest technical developments and artificial intelligence startups to new business opportunities during war the main thing. the event of ukrainian technologies and it gathered speakers from all over the world. our correspondent nataliya staropravo is currently at the event. natalie, i welcome you and look forward to hearing from you. greetings irina, greetings to our viewers. indeed, this is already the tenth such anniversary conference, a large-scale it conference in eastern europe, this is already the second day , several thousand entrepreneurs, it specialists from all over the world have gathered for such an it event, among them big it specialists, among the speakers , also, which talk about the development of artificial i

for example, bmw volvo renault nissan is located in shanghai and the largest tesla plant products fromes and europe, including, according to power experts in the prc can become a certain lever of pressure in the matter of the investigation of the european commission, the automotive industry occupies a significant share in europe if we take, for example, germany with its largest concerns. accordingly, if affordable electric vehicles that are in demand by buyers appear on the european market, then european concerns may lose a share of their profits. ahh. some of them may even leave the market. according to bloomberg , the german auto industry is suffering the most from the increase in demand for cars from skynet. which has long been the leader in the market, so the chinese bio id overtook volkswagen in terms of sales in sweden. it also overtook tesla , becoming one of the most aggressively growing players in the market. well, the new york times published material about a recent exhibition in munich, where a little less than a dozen chinese brands were presented. the newspaper's article c

volodymyr zelenskyi met with the president of the european bank for reconstruction and development oddil renaultso. in particular, they discussed cooperation in the field of energy security, trade financing, support of critical infrastructure and food security and the corporate sector. at least 56 people died as a result of the explosions. near mosques in pakistan, about 60 more people were injured, the first incident occurred in the province of balochistan, where a religious meeting was held on the occasion of the birthday of the prophet muhammad, which is a public holiday in pakistan, a suicide bomber blew himself up near a mosque, and two more explosions occurred in the province hango. mountain border almost 93,000 forced migrants crossed karabakh from armenia and it is also known that about 16,000 children left for armenia. the government promises everyone compensation in the amount of 1000 drams, which is about €250. a humanitarian center operates near the lachen corridor. citizens who do not have a fixed place of residence will be provided with housing. until now, about 120,000 armenians l

tell whether or not you've fallen and can't get up, whether it's products like honda's element or renaulte easy—to—read dashboards that are made for young kids, but older adults like it too. 0r, frankly, even dyson vacuums and hair dryers that are designed with elegance and great colour, but are very light and easy to put over your head or vacuum the floor. what are the barriers, or some of the barriers, for businesses fighting to exploit the ageing marketplace? probably the greatest barrier for business and, frankly, society in general is the story of old age. business, like many of us, unfortunately, continues to believe that, you know, those older people, they don't buy anything new or they're not willing to change brands or they're set in their ways. or the big myth, they don't like technology. these beliefs are actually keeping them from innovating things that excite and delight the most lucrative, largest, fastest—growing market in the world. and by the way, you may find it fun that the catalyst to this innovation in the longevity economy are women. indeed, in the longevity economy,

day before... a motorcyclist suffered, according to information from guy, a twenty-seven-year-old renault driver, turning left at the intersection of danilova and repinaa streets, did not let two oncoming traffic pass. the thirty-eight-year-old biker was taken to the hospital, after being treated for a broken leg, he was released for outpatient treatment. using technology not for its intended purpose, but for a good cause. in yekaterinburg, road workers rescued a child from a burning apartment by lowering him on an excavator bucket, the russian ministry of emergency situations reported this. as local media specify, three workers were repairing pipes when they heard it. cries for help from the third floor balcony of a house nearby. having adjusted the equipment, two men climbed into the bucket and lowered the boy onto the street. it is reported that when the fire broke out in the home, the child was alone. nine more residents were rescued by arriving rescuers. this was the project zone x. our news is on the project’s youtube channel on instagram. have a nice day and stay on the bright side

rather, of course, yes, you hoped, thereby raising your renault, in the eyes of rishi sunak, so to speakf the main candidates went to kiev noted. look, we were at the front. yes, uh, they elected from the most faceless, in my opinion, a party functionary, grant almost said schnapps shapsa. so, well, where is the absolutely faceless completely changer who was previously engaged in carbon-free affairs. yes, a few months before that he was who. what slices of ministerial posts did not hold even for six days he spent six whole days as the minister of the interior of great britain. well, this is a tide track, which also served all the records of the rate of fire i doubt it. no, i didn't find you anywhere . uh, the signs that he was some kind, if he quit, had at least some connection with the korean service. no, well, it same party functionary. well, i also went to kiev, too, noted. and, by the way, he has the truth, among his e he notes it in his resume, he has a license to drive an airplane, so for flight training. he said nasty things, he went to kiev, he said nasty things about russia, tha

david: renault will resume talks with investors.y had received very positive feedback during 35 meetings before the summer. he asked his company to reduce cost by 40% in this next generation of ev's. haidi: let's get to other corporate stories, they have learned that hauwei have built a seven millimeter elevated smartphone. the prest secretary is the first to utilize it in advance of seven weeks of the technology. alibaba's cloud division is raising funds from chinese enterprises. they are working with advisors on a crowd intelligent unit that could raise up to $2.8 billion. coming up next, we will get more banks outlets for policy. we will have belinda allen from commonwealth bank of australia senior economist. this is bloomberg. ♪ ♪ >> welcome back, you're watching daybreak australia. lots to focus on, life after low and life after joyce. big stories out of australia. the final policy meeting of the year is today. the rba is set to keep its rates unchanged amid its most aggressive tightening cycle slowing inflation without serious

the minor driver of the renault was thrown out of the car. allegedly cut off the car of his elders. the schoolchildren fled, but were quickly found and punished by the boy's relatives. they burned the car. it was demolished and destroyed. a hurricane raged in norilsk. motorist saving a car. tried to hold on metal sheet, but the wind was so strong that the structure was thrown up and overturned , with a knife in the stomach and neck, a drunken pedestrian for no reason attacked a traffic police inspector in st. petersburg, the policeman was stabbed at least five times. the brawler could receive a life sentence; in the past 2 weeks alone, across the country, five inspectors have been wounded and one has died. killed the inspector. hello, your documents, these routine phrases strain any driver, please stop, check, time, but this is how patrol officers try to find those who are dangerous and i shouldn’t have gotten behind the wheel, have a nice trip, thank you, and you know, from the courtroom to jail, no concessions. despite the disability, the c

downgrading renault and volkswagen.learly that is having an impact on those two stocks and perhaps dragging down the sector as well. as for the asian hand over, the asian markets closed in overnight trade with big news from the pboc. cutting the fx reserve by 2 00 basis points on september 15th. you have live shots on the screen from hong kong. they have halted trading as they brace for a typhoon. as for the rest of asia, shanghai trading .4% higher. nikkei is trading .3% higher. i gave you a teaser to the pboc. they said it will cut the foreign exchange ratio to 4% as it alleviates pressure on the yuan. the pboc says the move is aimed at arresting the decline in the yuan and the banks ability to free up $16.4 billion of fx. this is not the first, but one of many measures the pboc has tried to take to arrest the yuan decline. five major chinese banks cut deposit rates. the cuts range between 5 points and 25 points. the pboc will allow first-time home buyers to apply for a lower loan as they boost the property sector. an

if you look at carmakers, renault get 6% of revenue from asia pacific, for full it's like an, bmw anddes, it is more than a third of all the cars they sell. we are talking about high-end, fat margin cars that are assembled in germany and shipped to china. the really high stuff is made in germany and europe. if you start throwing up tariffs on cars that are built somewhere else, this will hit the german automakers dead center. this is the stuff from porsches, may blocks -- maybachs, the stuff you drive around in, kriti. kriti: i really exude that. oliver crook, we thank you for that. much more to come after the break. we will talk about other geopolitical stories from around the world. a reporter line-up you don't want to miss. this is bloomberg. ♪ >> we have a lot of resources in the country, human and natural resources. we hope that he and his team will be able to bring confidence and trust back to the nigerian economy. kriti: a nigerian tycoon speaking on the new leadership at the nation's central bank. the largest economy has a new central bank governor. it's important when we talk

here is an average professional in moscow who worked at the renault plant.now. well, cars have now been brought there, now the muscovites are called. now some chinese are gathering there. who will brag? we work through the window , aim through the cabin through the path to the glonass, shooting is carried out from the remote control, work is carried out from the armored cabin. our engineers have anti-drone nets. they made their own guys divisional ones. here we have a metal plate, because they are mainly dumped and go to the area of ​​the package. here it is , it was made specifically so that if something arrives, then between the package and the cabin the personnel were not injured the day before. maybe two weeks ago a kamikaze drone flew in, uh, damaged the windshield. well, not much damage to the car. he didn't. it’s such a clean little thing, the radiator, and the headlight, no matter how damaged the car is, is in combat readiness. yes sir. how long does it take to be ready for combat? roughly speaking, a minute is the average time when the target comes

your former government over time at renault are basically members of congress to raise hundreds of thousandsof dollars or millions of dollars for their campaign and then date retire and they've got allll this money left over. >> amazing. >> rather than give it to a charity or just giving it away right now to the party or other candidates or whatever it would be legal they keep that money. the reason they keep it is that they are allowed to basically give it out over the course of years. you can be a bigwig. you know i like ron desantis or i like vivek ramaswamy. i'm going to go out using a might money the campaign money but now it is mine. i am going to stay in orlando for a week and go to this retreat. while i'm there i'm going to give him a million dollars or whatever and now i'm treated like a bigwig. i get to protect him a big rich donor. it's not really my money but i got to live the lifestyle the whole chapter in the book about the lifestyle. there's different reasons different definitions of being rich. some people want to be rich because safety and security for the rest of their live

i also had a renault. it is special for me to make it again. nice to hear from those executives, and natalie portman. my first car was a toyota rav 4. let's pivot to rent in london, 1000 pounds a month for the first time according to data from the website, spare room. who exactly is this affecting, and what is driving the increase this year? >> spare room is a platform aimed at younger people and graduates. we are seeing more older people use the platform. in london or the city you can find a room and start your job or study, that is the goal. right now there is so much pressure that there are five or six people available for every room, and if you want to get a room in london, it it can hold you back. what is driving the increase, a lot of factors. we have had the housing supply in the u.k., and rates going up, landlords are selling up. there are people who are holding back because of the high rates. these factors are coming together making this perfect storm of a rental crisis that is continuing. jennifer: is it projected to get worse? answer

and what news came to us from germany, namely the renault company presented a new electric crossoverons with wide wheels, or rather wheel arches and a massive bumper, as well as a unique front grille in the crossover interior, there are five seats, a vertical tablet on the front panel with a twelve-inch screen, and a chair with a massage function. this is, of course, convenient, there is a panoramic roof, customizable atmospheric lighting and 408 colors. how difficult it will be to decide right away. which one do you like best? in addition, a large number of modern options for control assistance systems have been announced, as well as an expanded safety package to drive on a single charge, the car will be able to drive for 20 km. well then we understand? this is most likely from the mountain without air conditioning and music, the maximum speed is 170 km, sales of the crossover will begin next year, as for the cost. we do not yet have such information, although experts are sure that the cost will be in the range of 42-45,000 euros. there was a smart home a little bit, earlier now the

remodel so that there is a bathtub and we see, what a dream that comes true even before he buys a renaultn vain, so it is clear , if not empty, well, that is, the soviet culture was already built in the thirties. so each area had its own pattern. here in the literature. eh, this vacancy for a poet remained. eh, hmm free for a while. pasternak ran away from this vacancy to peredelkino, as is known, and mayakovsky posthumously received this vacancy. yes , it seems to me that this is also his tragedy. yes, because again in this cult, and also pasternak, they began to plant mayakovsky like potatoes under catherine, this was his second death, for which he did not obey, a letter that is kept in the mayakovsky museum , uh, resolution, and that we are cats, and it was still, in general, talented for the fifth year later. uh, five years. after after his death. well, we won’t talk about death out loud. we understand that this april. the day everything came together and uh, such a tragic silent exhibition of 20 years of work and uh, relationships with veronica vitolina's stripe is also a key phrase,

just one renault, which is a european company, actually did better than most of the american companiesese days, a smartphone app can unlock your doors and start the ignition on your smart car and it's a trend that's expanded. well beyond high tech teslas and other cutting edge cars. you buy a car now or in the past 3 to 5 years. their computers on wheels. jen kartrider was leader of the mozilla foundation's privacy not included research project. they examined 25 of the most popular car companies, asking companies about what they do with all the data they collect. they come with the sensors that track. you know how fast you're going and where you're going and how much you weigh and how many people are in the car. and they have microphones and they have cameras that face out and cameras that face in. the research team for the first time spent 600 hours reading the fine print of privacy policies. we have minimum security standards that we look to see if they use encryption in and have ways to manage security vulnerabilities. all 25 companies fail. and mozilla foundation's basic privacy st

interesting the only is interesting is the only company that who will delete your information was renaultuse they're owned by the same company and that's because they come the because they come on the european law, gdpr , so they have european law, gdpr, so they have to delete it. otherwise all these will collect your information and that's it. done. well, we need to back into well, we need to move back into the don't you think you should? >> don't you think you should? >> don't you think you should? >> no, we're going to >> no, no, no. we're going to go. for this section. go. that's all for this section. but on final part, but coming up on the final part, we've origin of elbows we've got the origin of elbows eating need eating elephants and women need to having with men. in two. welcome back to headliners . and welcome back to headliners. and kicking off with thursday's express, louis. isn't this how you came over here? >> yes. good. thank you for saying that. man arrested in us in us now off the coast of us trying to cross the atlantic to london in human sized hamster wheel. this is an

they have so many homegrown brands such as volkswagen, renault.lished, and european consumers are very brand loyal. there are likely to stick to these cars that their parents, grandparents have driven for generations in their family. so the chinese brands will have a challenge to get there brands known in the european market as well as other markets like southeast asia and south america. that takes a lot of time and investment. some of these brands have been around for decades, if not over 100 years, so that is the big challenge for chinese ev brands, to get their brand known as well as educating consumers outside of china that they can make quality and with good designs, not like the perception in the olden days where china may be seen as cheap and not so good quality. so these are the big challenges. david: there we go. that is zeekr without the e. linda lew as well as rebecca choong wilkins. just over an hour in sydney. catching up to the market session in hong kong and the chinese mainland stocks are down to get the week started. this is bloom

david: renault's will resume talks with investors for the listing of its ev unit here.old bloomberg they have received positive feedback during some 35 meetings before the summer. he adds a separate listing will allow them to reduce costs as much as 40% in its next generation of ev. right, just a look at markets as promised, let's start things off with what is not happening across currency markets as we point out, or coming up on a long week, thin trade, exacerbated moves. rba decision coming out. we talked a lot about data coming through emi's out of europe. services print out of china in just over two hours from now, the private survey for the month of august right now. in terms of the yen a couple of things, 10 year bond option today will get the results, what demand looks like. in give or take four hours from now around 11:30 right after the markets come back online for the afternoon session. that is a look at the macro moves. equity markets, the story tuesday morning is nine days of gains in the last 10 days, looks like that's it. weakness in the market, more than

harsh words not just on vw but renault.from china. is that the top there? the assumption that vw, once they get that manufacturing capacity cannot keep up? oliver: i asked the renault ceo about that and he said the rumors of by death have been exaggerated. this ubs note was very scathing. it was a eulogy for the legacy carmakers. let me go through some of the main points. because the chinese automakers are such a cost advantage, 25% up over that, they are way ahead of them. by the time in 2030 the chinese will double their capacity of global market share and that means 20% of legacy automakers market share will be lost in that time. dani: passive. in the meantime a lot of the conversation has been about china. let's go back to the european automakers. what conversations have you had about what they are doing and where the history goes? oliver: listen, the other backdrop around this is let's not forget on friday tesla cut prices yet again. they send out their model three. this is all mounting pressure. a lot of executives ar

for lithium so that we can feel better about ourselves as we cruise to sainsbury's in a tesla or a renault disclosure , i will not miss disclosure, i will not miss diesel in the long run. it was a catastrophic decision by the then chancellor gordon brown, to get us onto that filthy fuel when petrol is much cleaner and petrol engines are now so impressive when it comes to their emissions that i think they should be an option for consumers for the foreseeable future for alongside electric, let the market decide. what about this beauty? this is my glorious 13 year old toyota prius in astral black. there's some concern that even this type of model may be banned by 2030 or failing that, 2035, how could you ? this is a great machine you? this is a great machine that gets me around. it's a hybnd that gets me around. it's a hybrid with a small, efficient petrol engine. there i am mounting it with enthusiasm. it's all i mount these days. no range anxiety. i love this car. it gets into a few bumps and scrapes, but so does its owner . scrapes, but so does its owner. ulez, 51 minute cities congestion

renault up quite a bit. did watch the -- some of the carlos ghosn thing. >> do you remember it at the time? >> no. i didn't know nissan was in such horrible shape really. >> did you get to the third episode? >> no. >> when he's in the box? >> not in the box yet. >> that's when it gets exciting. >> i didn't know he went from an average dude to a dashing figure in terms of his wardrobe. >> success can do it to you. >> he did some weird stuff. versailles, really? ran in versailles to have the conquering hero? >> it was bold. a little bold. >> trading in his wife. a lot went on, right? very weird. i recommend it. the reason i watched it was because you recommended it. >> well, thank you. i'm surprised. usually when i recommend something, you do the opposite. >> no, but you're obsessed with business. for me it's sort of a side thing. you're obsessed with business. i like -- did you see "unbelievable?" it's unbelievable. >> what is "unbelievable?" ? >> it's on netflix. it's a crime thing. it's difficult to report

for lithium so that we can feel better about ourselves as we cruise to sainsbury's in a tesla or a renault disclosure , i will not miss disclosure, i will not miss diesel in the long run. it was a catastrophic decision by the then chancellor gordon brown, to get us onto that filthy fuel when petrol is much cleaner and petrol engines are now so impressive when it comes to their emissions that i think they should be an option for consumers for the foreseeable future for alongside electric, let the market decide. what about this beauty? this is my glorious 13 year old toyota prius in astral black. there's some concern that even this type of model may be banned by 2030 or failing that, 2035, how could you ? this is a great machine you? this is a great machine that gets me around. it's a hybnd that gets me around. it's a hybrid with a small, efficient petrol engine. there i am mounting it with enthusiasm. it's all i mount these days. no range anxiety. i love this car. it gets into a few bumps and scrapes, but so does its owner . scrapes, but so does its owner. ulez, 51 minute cities congestion

we 70 wanted to buy a -- said we wanted to buy a renault. the rich kids fathers have that.nary -- janet henry of hsbc is going to join us. live from london, this is bloomberg. ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. jonathan: he never stopped for what it is worth. there was a break for three to four minutes but the conversation continued. s&p 500 posited by 0.4%. the nasdaq is up by 0.7%. going back six months to the month of march in the bond cycle highest. the two-year yield pushing 5.20. to see a 30 year in the four 50's -- a 30-year yield in the 4.50s. a 10-year yield at 4.50s is phenomenal. the fed has signaled their. hiking but perhaps it will be longer. tom: in the last 30 minutes, they published their outlook into the end of the year and every shop has to do that. how do you publish an outlook with yields moving like this. you have to go, what if higher or lower? jonathan: you have to tell me for the federal reserve. how did that go on wednesday? it had a bucket of freezing

according to guy, the twenty-seven-year-old renault driver, turning left at the intersection of danilovaepinaa streets, did not allow an oncoming two-wheeler to pass. the thirty-eight-year-old biker was taken to hospital after being treated for a fracture. many released him for outpatient treatment. using technology for purposes other than its intended purpose, but for a good cause. in in yekaterinburg, road workers rescued a child from a burning apartment by lowering him onto the bucket of an excavator. the ministry of emergency situations of russia spoke about this. as local media specify, three workers were repairing the pipes when it was agreed.