let's talk rolls-royce. 17.77%, 548.5. that is quite a dramatic fall, rolls-royce warning of 2016 had eadwinds ahead. more after the break. ♪ manus: these are your top stories. that profitsays will be at the lower end of the range forecast. the engine and turbine maker also sees sharply weaker demand for next year, after what it calls additional had in the aerospace and marine markets. shares have fallen by over 15% this day. the australian dollar jumping after unemployment fell below 6%. the company is adding 59,000 jobs in october, almost four times the estimate. australiae bank of does not need to further cut its already record low interest rates. traders shouldnd bet that the federal reserve will meet its goals for quicker inflation. the breakeven rate has rebounded from a six-year low in ittember, and they say should keep climbing before stabilizing. measure of newt credit fell in october. it is adding to evidence that six central bank interest rate cuts in a year have inspired substantial pickup. let's get straight t

rolls-royce plunges. shares sink 15%. after the engine maker has a profit warning on the climbing demand for business jet engines. and earnings beat in a buyback. lehman's shares rise -- as it plans a $3 billion buyback. siemens shares rise as the engineering giant plans a $3 billion buyback. welcome. this is "the pulse." mario draghi is speaking in the european parliament right now. pastid that q.e. will run september 2016 if needed. aredownside economic risks visible. his comments had driven the euro lower against the dollar, sterling and yen. the fed is, as expected to hike rates, widmark the first time since 1994 there was monetary policy diversions between europe and the u.s. back then, janet yellen was teaching at university. mario draghi was a senior civil servant in the italian finance ministry. europe's benchmark break was set by germany. that months, the fed boosted benchmark rates to 3.5%. the buddhist bank cut its discount rate by half a percentage point. cut itsundesbank discount rate by half a percentage poi

mark: i have got to talk about rolls-royce holdings. the company may be headed for an aerospace near-death experience that could see its shares dropped 80% from their peak. and it was january 2014 is down 59% since then -- the peak was january 2014 and it is down 59% since then. what can you say that gives a glint of hope? james: you are asking made to scrape the barrel and try to put an optimistic sense on what has been an abysmal set of numbers. 80, whichlly, the a3 , iss-royce is involved with the airplane for long-haul flights. the error companies like it, the customers like it. the businessink does have the capacity to turn very quickly. --we know, the contrary in mark: james, great to see you. reiterate, rolls-royce holdings, the biggest drop since 2000. the biggest drop since 2000, before i was born. betty: i have no idea. you look amazing. james: what a ridiculous statement to make. it is ludicrous to pretend he was not around. betty: he is really a prodigy. two huge german companies reported earnings today, when did well and th

we have a couple of profit warnings from the likes of rolls royce. but it seems all of these draghi inspired gains they have evaporated. let's stick with mario draghi. he has surprised the market with the strongest hint yet that the central bank could expand it's asset purchase program at its december meeting. >> we will closely monitor the risk to price stability and assess the strength and per sis answer the of the factor that is lowering the inflation to level bess low but close to 2%. we will reexamine the monetary policy accommodation. if we were to conclude that our price stability objective is risk, we would act by using all the instruments available within our mandate to ensure that an appropriate degree of monetary accommodation is maintained. consistent with our forward guidance the asset purchase program is considered to be a particularly powerful and flexible instrument. in fact, we have always said that our purchases would run beyond end september 2016 in case we do not see a sustained adjustment in the path of inflation that is consiste

then it comes over to this rolls-royce, the engine maker. there is a set of corporate pauses, and that is what is got my attention. guy: we'll talk more about that later. tom, we have a great show lined up. let's get to the first word -- vonnie quinn is in new york. vonnie: good morning. in iraq, kurdish fighters tried to retake his many cities -- retake sinjar. the major objective of the assault is to cut off isis supply lines. last year they surrounded the city. it led to the first u.s. airstrikes. the next round of talks on syria's civil war resume saturday in vienna, and russia is proposing a political transition that would last up to 18 months. according to a proposal obtained by bloomberg, russia wants backing to carry out air stri kes. ise say russian intervention aimed at pumping up bashar al-assad. leaders are pushing back against the european union's plan to cut down on immigration. northern eu leaders offered sanctuary, but only if they agreed to take back more people. african leaders say european leaders should make it easier for

and yet ge is being read through as a takeaway positive from rolls royce because rolls royce is usinge. it's just really interesting. the fastest growing large cap industrial in an era where people keep selling industrials and a lot of this is because of the share take, a lot of it is because of good management and a longer finance company. but i don't know. good to see something working. >> it's now moved ahead. it's now the third best dow component for the year. just edges ahead of mcdonald's at 22%. >> two companies that are doing many of the right things. and it's so interesting that they own -- that rolls royce is that a350 and the ge is doing so well in engines. people forget that's a core business for them. united technologies doing well, too. i want to point out the gloom is too palpable right now. >> what's on "mad" tonight? >> we have popeye's, louisiana chicken, a place i love. if i want a treat, i go there. the company reported a great quarter. people got too negative and the stock is up gigantically. too much gloom factored in to some situations. if apple goes up today, i

a rough ride ahead for rolls-royce.lowers its outlook for 2015 and warns of 2016 headwinds. engineering growth. a beak and buyback at siemens as it raises dividends. mario draghi speaks in brussels as ecb boards suggested divisions over more stimulus at next month's meeting. that's what we are watching this morning. 8:30 will be mario draghi. european markets are just getting underway. let's get across to nejra. we saw theerday biggest rebound in two weeks -- are we going to see that again today? we have mario draghi stealing thunder, speaking in brussels later on in the show. all eyes will be on this trade, the euro-dollar, at the moment trading flat, but we know the power that this man has, and recently a survey by barclays showed this was the most the ecb was more important to it then the fed policy. we could see the two central banks diverging on monetary policy, a key thing to watch. let's see hoe

rolls-royce shares weighed on the london stock market. we're going to take a closer look at why that was. we saw shares in the engineering firm finishing thursday 19% lower as the company issued its fourth profit warning in just over one year's time. rolls-royce says there is weaker demand for corporate jet engines as well as in offshore marine markets. the british company says those and other headwinds will reduce profits by 650 million pounds this year. 's maincept -- lufthansa cabin crew union says it will make a prose of -- make a proposal on friday to end an ongoing strike. it is all over retirement benefits for flight attendants. more than 900 flights will be canceled on friday. lufthansa says the walkouts are costing it more than 10 million euros a day. russia's economy continues to slump. if contracted by 4.1% in the third quarter -- it contracted by 4.1% in the third quarter, not as bad as predicted by economist. --economists. the country is also grappling with western economic sanctions over the crisis in ukraine. we are going t

a bad day for rolls-royce. stephen: the business making engines is where things have gone bad for the company. shares down 20% after it warmed --sharply weaker demand after it warned of sharply weaker demand. rolls-royce said it was reviewing its dividend policy. that's what sent those shares tumbling. this is the company's fifth profit warning in less than two years. it's already cost of thousand jobs to try to get its finances in order. genie: preparing a class-action lawsuit? newspaperhe french reported that a pair's longform -- a paris law firm affected by the scandal is seeking people to join the action against the carmaker. several lawsuits have already begun over the scandal. the lawyers involved in this case are printing to make of it -- are planning to make a criminal complaint under consumer protection law. the big french carmakers have joined the likes of apple and google in developing a self driving car. they have been testing their prototype in recent weeks. >> at first glance, it looks like an ord

guy: let's talk about rolls-royce.y a civil business is this company just in a bad place because of where it is cyclically, putting its new engines into the market? or is there something structurally, long-term? short to focus on the term, which makes me think this is just another little bump. ben: it is a combination of both. aerospace -- airbus and boeing are bringing a lot of profits with a lot of orders. traveling demand is expected to grow exponentially over the next 10 years. they actually sold their engines at a loss or breakeven and they are recouping those revenues back from maintenance. --ch means that rolls-royce they are doubling their output of engines over the next couple of years. whenwill lead to revenues we get to the aftermarket stage of that. that is further down the line. what he needs to focus on now is how to whether these changes in demand. we talked about this massive increase and escalation of travel. it does not necessarily go in a straight line. it goes in troughs and peaks. he says there is

rolls royce is recalling a car over a faulty air bag. one single car in the u.s.a 2015 ghost model that looks like this but was made last year. >> and the financial times quotes the company saying the air bag had an incorrect label. the $320,000 car has not been delivered to the owner, and there are no safety risks here, but rolls royce wanted to show it attention to detail. now, that is an abundance of caution. >> absolutely. >> go check your rolls in the parking lot. >>> a flight seen around the world. the pilot lock a whirl around the statue of liberty by jet pack. >> we shared some of this video yesterday at this very time, but we're now hearing from the man who made aviation history. >> reporter: is it a bird? is it a plane? it's a man in a jet pack flying around the statue of liberty. >> it was a dream come true. i was having a blast. >> though the actually blastoff from a boat was fairly gentle, the founder of jet pack aviation, david, is the test pilot and yes, he and his chief designer had to get all kind of approvals to pull this off. >> the faa asked wh

daniel said that is a 1948 rolls royce. that is the only thing you can get away with in a bond movie. it's a better line on so many levels. he wasn't quite committed because he thought and mike committed to it? am i allowed? i said it is great. having the courage to not feel judged by me, that is a good example. a good example of how you can shift tones without not away from dialogue but in the beginning he collapses, he falls through a building. he was supposed to land on his feet. i said before that why don't you land on the sofa. he said great. where is that? that is the first time -- it allows the audience to say even though it is serious, the last movie had a toughness to it, a grimness to it. it was not always certain we were allowed to. i want to be clear from the beginning we wanted to loosen up a bit and have a bit more mischief. charlie: what did you want to add? vulnerability? daniel: my only intention was ever to sort of -- the center of a big movie, it doesn't matter how outrageous it is. if you believe in the

rolls-royce announcing a new restructuring plan. unveilef executive is to details later. a low-cost airline made a decision because of security concerns. 5000 people were booked on flights with easyjet. they will be offered refunds or the chance to change their flights to a different destination. fitted with the test cheating devices. the admission raises more questions about how do these devices work across the volkswagen group? >> a new york penthouse back on the market again. >> this is the penthouse at the manhattan plaza hotel. this is the third time it has been listed for sale in three years. the apartment has three floors. back in 2008, it was built -- it was bought by a russian billionaire, who sued, saying the ceilings were lower than promised. >> let's take a look at the press. a look at today's papers. programming is on --. two places they consider to be hotbeds. >> they talk about the breeding ground. what is it? is it the antechamber to jihad is in. readers a closer look. radical branch of islam. been gaining ground. it is a slippery slope. you have to be car

ianos aroundelling paino the world with no overhead. , twod he has gone global rolls-royce showrooms and now the vatican. yes, even pope francis wants on e. >> to have one in the vatican and be the official piano of the vatican is pretty unbelievable. >> his friends have seen it unfold from the beginning. jeanette: what do you think of this? >> what do you mean? he makes a nice cup of coffee. jeanette: from the sounds to the aesthetics, it's hard not to be impressed. >> it is all hydraulics. i don't think steinway or anybody has done that. jeanette: when you have the vatican on your resume, what is next? this bale of hay cannot be controlled. when a wildfire raged through elkhorn ranch, the sudden loss of pasture became a serious problem for a family business. faced with horses that needed feeding and a texas drought that sent hay prices soaring, the owners had to act fast. thankfully, mary miller banks with cse for business. and with greater financial clarity and a relationship built for the unexpected, she could control her cash flow, and keep the ranch running. chase for business.

this is the way all the celebrities here at the peninsula hong kong get around town, in their own rolls royce. chauffeur included. >> he came upstairs and he pretended to cook something but he's like i'm no good at this i'll let you do it. >> don't be surprised to run into other celebrities here. >> matt damon's been in recently. >> and of course skris hchris h stop by the cigar bar blind pig. >> regulars also find the signature cocktails to be their cup of tea. secret ingredient, gin. here's one more celebrity sweet spot. if you really want to get a great look at the city and a taste of the high life. when you're about the biggest star in the world and you're looking to get away from it all, there aren't too many places that top this. the highest hotel in hong kong and also -- until you're past the century mark. >> what floor level does it start? you've got to come up 102 stories just to get started. >> including the impressive presidential suite. tell me about the presidential suite. >> the size is huge. the best view. it's almost like a 360 view of hong kong. you see the victoria harbor fr

we check in on the plans to turn around rolls royce. that's when we come back in two. when the flu hits, it's a the aches. the chills. the fever. an even bigger deal? everything you miss out on... family pizza night. the big game. or date night. why lose out to the flu any longer than you have to? prescription tamiflu can help you get better 1.3 days faster. that's 30% sooner. call your doctor right away. and attack the flu virus at its source with prescription tamiflu. tamiflu is fda approved to treat the flu in people 2 weeks and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing have serious health conditions, or take other medicines. if you develop an allergic reaction, a severe rash, or signs of unusual behavior, stop taking tamiflu and call your doctor immediately. children and adolescents in particular may be at an increased risk of seizures, confusion or abnormal behavior. the most common side effects are mild to moderate nausea and vomiting. call your doctor right away. don't lose anoth

i am a backyard, mark, buyer of rolls-royce. the stock has discounted the dynamics.hey are negative. we are behind a lot of stocks for a lot of reasons. mark: they are down 20%. are you buying now, or were you buying before? mario: both. we owned it for a management to go, to management to go. we plan to do well, in part because of the growth in commercial aviation and the fact you have pratt whitney and boeing. -- and john: you mentioned malone. does this deal with cable and wireless preclude him from going back from going back and doing a deal? mario: they have wonderful assets in columbia. is a different situation. they will do clustering and consolidation in central and latin america in cable. what he picked up with lilac was orderly go and chile. -- was puerto rico and chile. betty: you think they should go back? mario: of course. in terms of trade, if i were malone, i would not want their currency. that notwithstanding, they will figure it out. betty: what assets do you think he is looking for in europe? mario: malone looks everywhere. he only has $13 billion f

and daniel just said, that's a 1948 rolls royce silver race. that's the only thing you can get away with in a bond movie when you're played bond a couple of times. it's so bond on so many levels. he said, am i okay to say that? i said just say it louder. that's a good example. a good example of how you can shift home not away from dialogue but being in the mexico city at the beginning, he collapses and falls through a collapsing building from story to story to story and in the script he lands on his feet right and i said about ten minutes before we did it, why don't you just land on the so fa and daniel went, great, where's the so fa? that is the first time. >> it also allows the audience to laugh even though it's serious. the last movie had a toughness to it, a slight grimness to it and wasn't always certain we were allowed to. i wanted to be clear from the beginning we wanted to loosen up and have more mischief. >> rose: was vulnerability one of the qualities that you wanted to add? how would you characterize it? >> i think that from the very

. >> better come with a butler and a rolls-royce and a couple of other things. >> right.we have a lot to come. "nbc 10 news today" at 5 a.m. starts right now. >> we all learn to see the weshld through one another's eyes and every philadelphiian will be able to walk our streets safely and with dig any. >> it was a land slide victory. jim kenney is philadelphia's next mayor. a closer look at his victory and results from other races. >> and student porn charges. children in one local school district are accused of sharing graphic pictures of classmates. we'll explain how the scandal unfolded. >> and our luck of good november weather continues this morning. another beautiful day ahead as we take a live look at boathouse row. the 70s will be with us again today. we'll have to of course enjoy it while it lasts because there are some changes ahead in the first alert forecast. good morning and welcome to nbc 10 news today. >> 51 degrees, so i still think it's chilly at the bus stop but the warm sunshine meteorologist bill henley can't beat it. >> that 51 degrees, that's in the ci

rolls-royce is down for a second day. stock of, we saw the battered. ato be thought british industrial success story. that stock is down for a second day. yesterday, it fell the most since 1988. we have a decline of 3% today, which is nothing compared to the drop of 22% yesterday. manus: thank you very much. let's turn our attention to the global world glut. markets expanded by more than three times of the original forecast. opec says they are at the highest levels in ten years. it does not make for good reading in terms of where we are in optimism. >> oil has been out of whack for a long time now. they have been close to a record high for a long time now. what is happening here is the market is getting nervous because it seems to be taking longer than many thought for the oil market to head toward any kind of balance. it is not happening yet. one of the factors behind that is, although in 2015 we had one of the best years in a long time in terms of oil demand growth, not be badwill either. on the other side of the balance, we have supply. production,

>> i don't know about the rolls royce. but i think we have another rav 4 that you may be a little interested in a little later. >> reporter: i'll keep playing let's make a deal with kevin. there are a lot of great practical cars. and we'll show those to you through the morning. >> he's like, no. >> that rav 4, it may pay for the first tuneup for that rolls. >> yeah. >> reporter: here's how little they trust me. they let me sit in the rolls but they did not give me the kids. >> all right. we'll check in with you in a bit. >>> still ahead, two states have joined california in delaying the crab season. and why there is still hope this holiday season for crab lovers. >>> and it is time for our pet of the day. meet felix. he was rescue from a shelter after being left by his family. he is an older cat and prefer to be the center of attention in your home. you can see felix at pet pals. go to our website, ktvu.com and click on the pet of the week tab under our mornings on 2 section. section. >>> the epa and california investigato

if you see what happened at the dubai airshow last week and see rolls-royce's figures and you can seeot of businesses were reliant on long-term demand from emerging markets, things like aviation. house long, long cycles and therefore still have the follow-through from the big, emerging market boom. nouns that it has ended, this capital goods business are nominal -- it now is that it has ended, this capital goods business are nominal. the goldeny going to treasuries, that moment of response. in the backdrop, the new prime stir of canada rival at g-20 and talking about deficits. -- prime minister of canada arriving at g-20 in talking about deficits. we will talk to ryan at the g-20. what do you make of the emerging market? one more reading for jobs? stephen isaacs: emerging markets are leading the whole cycle down. athink we are in a long term long-term bear market for emerging markets. developed markets are now catching up. a bubble bursting, an incredible burst, 10-15 your bubble. lookout was wealth was created during that bubble, unprecedented when bubbles per of a of going much lowe

i heard about them as being a fabulous -- i was going to say the rolls-royce, i was going to say the harvard or the yale but they really are a great one and i want to thank you very much. you've given us such tremendous support and we did this quickly and we think we did it very effectively. it's been an incredible experience. we wrote a book and the title, "crippled america," is very tough, but unfortunately we have to do what we have to do. and i think one of the reasons we've been doing so well in the campaign is because we tell it like it is. we tell the truth. and america is crippled. we owe $17 trillion and $18 trillion and very soon it's going to be $19 trillion in debt. we have a military that doesn't have proper instruction from leadership. we don't know what we're doing. we're losing all over the world with trade deals. every country, no matter what country you talk about, you can just pick a name out of a hat, they're beating us in trade and we can no longer go longer. i mention sergeant bergdahl. they get five of the people they wanted and they want it badly. and that's n

rolls-royce down seven to the 1%. we know that after the profit were this company gave earlier this month, the stock took a battering. update, the an company is saying they will change or restructure to cut 2017 on words.m changes could be painful in the near term but the long-term outlook is positive. the stock is up by two dozen 1%. jonathon: a couple of minutes into the session. the ftse 100 off by 4/10 of 1% and the dax down by a third. a choppy session in asia. yvonne: next picture in the asian market today. following the call on wall street. not too much action as the u.s. has into the thanks during holiday. volume is light. mining stocks are driving down the declines in the region today. continues totals bring bad news. japan returning after a holiday. the cost be also up six cents at 1%. australia, after a five-day climb from the treasury has lowered its potential gdp growth to 2.75% as the population slows. we are seeing the shanghai market ending the day reversing course. almost two death of 1% up. sources t

the ceo of rolls-royce said their sales are way down, and the ceo of mclaren said their sales are wayown, and coach kong, their sales in hong so there are anticorruption investigations in china that are having a significant effect on luxury sales. we do not know how this is going to impact the lower end, but it is something to watch. david: ok, thank you. that was cory johnson, our bloomberg editor at large. and a big billion dollar deal. how is it going to be financed? on sportsng down fantasy sites, and can it survive? and in the latest gop debate, a report card. ♪ toid: welcome back "bloomberg markets," and we go back to julie hyman at the markets ask. have you been there? they sell out boy boots, and they have western gear, and they were out with earnings that actually masked estimates, and it is a forecast for earnings that is below estimates. the company says the total same-store sales for boot barn including for a company they rose,ed called shepler's and you can see the boot barn shares, this is part of the selloff we were talking about a few moments ago. there is concern comi

and mark, i am a buyer of rolls-royce.ve stocks for a lot of reasons. 20% on the down 12th. >> that is fantastic. mark: are you buying before or after? >> both. we owned it both management. we expect to do quite well in part because of the growth in commercial aviation at the fact -- ge i have boeing mean doing the engines on a global basis. betty: you mentioned cable and wireless. does this deal with cable and wireless preclude him from going back and doing a deal possibly again with vodafone? : no, because that is a different situation. they will do clustering and consolidation in central america, latin america, when he picked up in lilac was in chile and puerto rico. at the same time, vodafone and dave should make love together. betty: you think they should go back? mario: they will figure it out. betty: what other aspects are they looking for in europe? owns $13 billion for himself, he is being careful. on the other side, discovery, which he has a fingerprint on bought euro sports, i like that. there is a lot he could

from weekly appearances on shows like "empire," to rolls-royce showrooms and the vatican.n pope francis wants one. piano ofw the official the vatican is pretty unbelievable. reporter: what you think about what he has accomplished? what he mean, what does he do? he cooked breakfast for us. >> he makes a nice cup of coffee. reporter: it's hard not to be impressed. >> how can you just let them go like that and then the fall? >> is all hydraulic. reporter: when you have the vatican on your resume, what is next? apparently lots more. jeannette reyes for abc 7 news. horace: by your friends keep you grounded. used to: she's singing about broken hearts but adele is breaking records. "25" soldr new album more than 3 million copies in the united states. that's a new single week sales record. ♪ horace: it's time for another song in my humble opinion. earlier today she nestor first -- her first tour in europe. it will start in february and ending june. she will come around here eventually. ♪ he is like heaven ♪ kimberly: you can call it a sweet treat. he expressed his love for patty l

>> rolls royce. rolls royce is losing share to general electric.y're trying to say there's a let-up a little bit. ge is the kind of last industrial we have. it's the last one left. we don't want to lose that one. we've lost a lot of other industrials. >> over 30, or it was. >> it deserves to be because it's clean. it's got the best organic growth of any of the industrials. no longer has the financial aspect. and 82% of that company is not china and not oil and oil is not doing that bad either. >> very good. all right. thanks, jim. >> when we come back, stocks on the move ahead of the trading session. plus, some final investment ideas from our guest host and billionaire investor jeff green. . but achieving the right outcomes has never been more difficult. xerox engineers a better way for people, process and technology to work together. improving how the world shops, travels, pleases customers, learns, banks, and stays healthy, so... life works better. work can work better. with xerox. sometimes they just drop in. always obvious. cme group can help y

a good example, a rolls-royce coming out of the desert.ht in the middle of the movie it's a completely surreal image. ,and she says what is that? the line is, it looks like our ride or something like that. that was scripted. daniel said that is a 1948 rose royce. that is the only thing you can get away with in a bond movie. when you have played bond couple of times, it's a better line on so many levels. he wasn't quite committed thought, am i allowed? i said it is great. having the courage to not feel judged by me, that is a good example. a good example of how you can shift tones without not away from dialogue but in the beginning he collapses, he falls through a building. from story to story he supposed , to land on his feet. beforeabout 10 minutes we did it why don't you land on , the sofa? he said great. where is that? that is the first time -- it allows the audience to say even though it is serious, the last movie had a toughness to it, a slight grimness to it. it was not always certain we were allowed to. and i wanted to be clear from

rule -- gations that feet when many people think of all to electric cars that thing british mainly rolls-roycetley but there's another contender. >> we're talking about aston martin. he watched the latest on film then you know you've seen the new one. he drove in this droid. aston martin says the bond movie has helped raise its profile. let's talk about the bond factor. doesn't translate to anything? >> absolutely. it's a relationship many people associate on with aston martin. it becomes a little bit like eliminate dust the olympics. they come around every three or four years and was things. of the 24 bond movies that it been done we're in a very personal with both anger. be outdo you need to there? martin is aston generally seen as a friend. the six not million facebook and. the brand has tremendous ocular peel. that much broader appeal. then only target people that can afford to buy cars but also the base of popularity. >> you are also selling heritage area did the that 102 years old. why should it come at a premium? do buyers really care about the heritage? >> i think it's part of the stor

thick slices of black truffle are slipped under the breasts of chickens from bresse, the rolls-royce, slipped inside a pig's bladder and steamed until tender. >> the idea is to concentrate the flavor of the truffle inside the bladder. the dish they choose, it's always in reference to a chef of the past. and this was a dish brassier was doing. >> the at times brutal world of the michelin kitchen looks much of the time like a boys' club. but where do they come from? if we track back a bit to where it all began for lyon and for many of the chefs whose names we now know and look up to, it all goes back to here. la mer brazier, the godmother, the original master. teacher, chef, force. two restaurants with three michelin stars. an achievement no one, male or female, had ever attained and for many years, lyon's most famous chef. her influence runs right through every kitchen that's come since and her graduates carry on her recipes and her traditions. this was one of hers, a signature. >> for the next hour, you keep putting hot bouillon like this. the most miserable thing is when the bladder

a lot of big problems over at rolls-royce since it brokered partnership. i'm going to bring you some retail earnings. quarterad a third eps, 75 cents. kohl's beating the streets estimates. billionooking at $4.43 in sales, also beating estimates. so kohl's coming out with a beat on the bottom and top line. retailers a hot topic. david: let leads us into our first topic. we do want to talk about retail today. and i know shannon you have talked walmart about their plans for the holidays. let's talk about yesterday. what happened at macy's. had a big announcement that hurt their stock a lot. it also indicated a little bit about the fourth quarter maybe. shannon: announcing they are closing more stores. comps down 4% " fewer people going into the stores. the company try to explain this in a lot of ways. there is not cold weather. people are not getting coats. when you look at what investors are saying -- stephanie: if it was cold weather will be saying it was raining o ut. shannon: before that it was the ports. always something. and part of it has to do with fu

i've heard simon & schuster being a fabulous -- itself going to say the rolls-royce, the harvard or the yale, but they really are a great one. i want to thank you so much. you've gwynn us such tremendous support. we did this quickly. we think we did it very effectively. it's been an incredble experience. we wrote a book and the title "crippled america" is very tough, but unfortunately we have to do what we have to do. i think one of the reasons we've been doing so well in the campaign is because we tell the truth, we tell it like it is. america is crippled. we owe 17, now 18, very soon going to be $19 trillion in debt. we have a military that doesn't have proper instruction from leadership. we don't know what we're doing. we're losing all over the world with trade deals. every country, no matter what country you talk about, you can pick a name out of the hat. they're beating us in trade. we can't go on like this any longer. it's impossible to go on like this any longer. i always mention as an example, sergeant bergdahl, a traitor. we get sarg ge we get sergeant bergdahl they get five of

i have got to tell you about one stock today, rolls-royce, 20% decline.'s industrial powerhouse that lost 1/5 of its value. it is not every day you see a stock declined by 20%. when are you going to declare a winner in battle of the charts? betty: you took it right out of my mouth. i will do it today so you better get ready. mark: it is coming up, european markets, the close. that is next. ♪ betty: welcome back to bloomberg markets. i am betty liu. ands 11:30 a.m. in new york 430 -- 4:30 p.m. in london where the markets are closed. mark, what do you have in store? mark: not even mario draghi could stop the biggest drop in equities in six weeks. the european close starts right now. betty: we are going to take you from new york to london to berlin in the next half hour. we are going global as we do here. mark kicks things off. mark: you better believe it. spoke, and the biggest decline in six weeks. since october 22 when he first said he would press the stimulus in december, the stoxx 600 has risen by 300%. we are playing a waiting game until december the t

carol will talk to the ceo of rolls-royce and they say they have seen a significant pullback by chinesewonder what effect that has. -- wealthyly welcome consumers. >> and luxury goods. i think the reality of the crackdown, conspicuous consumption will continue. the communist party in china is a total of 6% of the population. in aneed to be thought of good light to maintain the control they have over the rapidly changing country. if there is something they can reputation inthe the eyes of citizens, they will keep doing it. might be a headwind for some companies, but remember they are selling apple handsets in china as well, certainly not as a gift giving tight of thing. cory: maybe this will be tougher for apple because of this change. known fornot a place conspicuous consumption for 1000 years. the fact that a change from one generation music could change back. sf i think there is some truth to that. the government has stepped in and puts shackles on foreign companies being successful in china. look what happened in walmart where they had stores closed for a small regulatory issue. they

i'll be out this [ bleep ] in seven seconds and hop back into my [ bleep ] rolls royce. >> you heard him say social media now i have to be all over social media. so he paid the fine and they let them go. he did miss team practice because of the arrest. the rockets say they consider this resolved. >> you have to make sure you have the right registration. >>> the walnut street park is open. the rink will be open until january 18. >> and a reminder, we've got the back story coming to you this weekend. it takes you behind the scenes of how we make the news here. >> this sunday, we tag along with gary radnich going to the first warriors game of the season. >> all right. here we go. >> all right. here we go. >> hey, jeff it's like the old days, huh? >> my son is now the associate director here. >> you have to know somebody for these seats? is that armstrong? take those damn things off! you will scare older white people. >> no, no, no, you get a shot. next time you ask me for a pass, i got the mayor on my side. also, the mayor, hey, i'll see you. >> yeah, gary, nice to see you. no, no, no,

rolls-royce broke out of a partnership with pratt & whitney. jet bust has dragged on stock.ick break and be back with more on bloomberg "." ♪ the only way to get better is to challenge yourself, and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. stephanie: a beautiful shot at midtown manhattan. that is where we are right now and you are with us watching "bloomberg ." we are joined by our economics correspondent brendan greeley. a very special guest, the lands and ceo. ceo.nds end the retail landscape is all over the place but it is 8:30. o data onreaking ec retail. we go to matt miller. matt: it does not look good. very disappointing. retail sales, the headlight number is a gain of .1%. we were looking for

breathe right ♪ >> enough talk this morning from rolls-royce. shares hitting a new 52 week low.tem that will let you send money to friends using just your iphone. shayna is now with us. how does this work exactly? >> the peer to peer payment system enables you to type in a friend e-mail address or phone number into your phone. the paypal property. a great way to split a check at a restaurant or go in on a baby gift for a coworker. in talks to develop this for the users. stuart: is this a surprise or has it been in the works for a while? >> outside the industry. apple pay. the mobile to merchant platform. walking up to a payment center. just pay right now go. they are headed in this direction. it may have surprised some of the paypal investors yesterday. ashley: samsung just started taking pre-orders for a $99 virtual gallery headset. sounds good to me. i guess that you need a samsung phone. >> one big catch. the first headset. it is a strap on headset device that you slide your phone right in front of your eyes. you begin interacting with the virtual world. what the landscape lo

i've heard about simon and schuster as being a fabulous, is going to say the rolls-royce cars going to say the harvard or the yale but they really are a great one and want to thank you very much. you have given us such tremendous support and we do this quickly and we think we did a very effectively. it's been an incredible experience. we've wrote a book, the title, "crippled america" is very tough but, unfortunately, we have to do what we have to do. one of the reason we been doing so well in the campaign is because we tell it like it is. we tell the truth. and america is grateful. we of 17 and the 18th and that was actually very soon going to be $19 trillion in debt. we have a military that doesn't have proper instruction from leadership that we don't know what we are doing it we are losing all over the world with trade deals come every country. no matter what country you talk about, you can just pick a name out of a hat, they are beating us in trade. we can go on like this any longer. it's impossible to go i like this any longer. i always mention an example sergeant bird dog, a trade

early askings has major averages legislator in european trading we did have posh earnings out like rolls-roycean-expected in europe as a result that stock selling off in europe, that is also one of the reasons the major averages are lower selling going there check outian markets overnight mixed there hang seng up 2 havd percent. >> [cheers and applause] . >> seth curry, trying to draw a foul. >> that is what i am tacking about victory setting curry should go why reigning most valuable player in memphis last night warriors guarding sitting the shot of the season leading warriors 100 to 4 vibt over grizzlies defending champs won nine straight, in the quest to repeat. let's talk about the campaign trail, all candidates are on it the economy and jobs major theme of our debate tuesday night when one did best job laying out his or her plan for the economy, and its prospects blake griff blake burman with details. >> when it came to many issues like cutting taxes, the republican presidential candidates that are debate tuesday night in large agreement, on the overall premise, with some slight differenc

personally taking fortunes, the bishops involved in the 1970s ratings end ed up house on lake geneva and rolls-roycegal operations they stashed in to what i call their own accounts in case they could use it to gain power in the vatican. perfect example, the bishop from illinois, american archbishop came to run the vatican, knew nothing about finances, he was loyal to the pope, and in 1970 brand for 18 years, he amassed $6 million slush fund from all these deals and used it when the polish pope came in, john paul ii came in, use it to help that polk destroy communism in his native poland and bring down solidarity, it endured the bank, built the power for the vatican bank, the money that got in from ill-gotten gains wasn't used necessarily for personal purposes but what i call lot power struggles within the vatican for power and closeness to the pope. >> host: what is the catholic church at history with money? >> guest: the reason this turns out to be, thing goodness i have a publisher who was willing to allow me to expand this book. i pitched an idea in 2005 that this is about world war ii and the va