yousef, you have numbers from ryanair.ousef: let's get you through these. , 1.0 2quarter pretax billion euros. second, total operating expenses, 1.4 billion. operating revenue for the second quarter from continuing operations at 2.44 billion euros. that is according to the cfo. they planned 550 million euros in a share buyback through february 2017. to put a line under it, second-quarter net income, 912 million euros. bloomberg intelligence said there would be pressure on low-cost fares. low-cost airlines are planning to increase capacity by 7.3%, well above the expected european gdp growth and that is putting pressure on those yields. ryanair may have one of the worst fare declines since it has a large amount of bookings in pounds. anna: perhaps comforting to the market, confirming their full-year net guidance and planning a 550 million euro buyback. we will stay to the ceo, michael fromry, here on "daybreak" 7:00 a.m. london time. let's get to our risk radar. we've talked about what's happening to the mexican peso. we've

. -- ryanair in the news today.he low-cost carrier shares rising as much as 6.3 percent earlier since july 25. it plans to buy back as much as $550 million of stock after record passenger numbers over the somerset quarter profits and beat estimates. it has raised its long-term passenger targeted by more than 10%. pricing pressure and economic arertainty from present whichng the company, downgraded, saying that sterling depreciated more than expected. shares up by more than 6%. 4%. you now, shares up by shares rising as much as 9% earlier after the belgian billionmade an improved year proposal to buy its dutch counterpart. that is a 20% premium from friday's close. the delivery industries shifts its focus from carrying parcels to carrying letters. it comes six months after previous negotiations between the two failed. concerns remain about antitrust regulators. worth --hy shares are that is why shares are lower than earlier. 90 minutes into the trading day in the u.s. let's get to the markets desk via julie hyman has

guy: michael o'leary, the boss of ryanair.ng back david kohl, head of currency research, number one forecaster, the guy to talk to as we work our way into this u.s. election and try to figure out what is happening with brexit. in my mind, i am watching two stories play out in similar fashion. in the u.k., checks and balances are starting to work. you are seeing what is happening with the high court ruling on whether or not parliament needs playinger article 50, out. it is a similar story in the united states, checks and balances. are the extremes we have priced in -- was that the wrong call? checks and balances in politics, maybe they do work. david: they do work and this can help. i think this is also the reason -- 20 concentrate on the u.s. election, and donald trump might become president, we think it is important to focus on what this guy will do for the economy in the end. you might not like his program, but what matters is that he is -- his agenda is very much into reflecting the economy, doing more on the fiscal side, a

press competition on home turf from ryanair, which announce its opening new base in frankfurt.'s been a bruising year for european airlines. ryanair said the brexit vote does not factor into its decision. >> the ceo never thought he would see one of his low-cost carrier jets touching down for maintenance in frankfurt. >> it's a great opportunity. it's great to open a base here at the end of next march. it represents a $200 million investment. >> it's a challenge for the german national carrier. lufthansa has already been hit hard by discount airlines, a series of strikes, and bad press last year. the airline is fighting back with cost-saving measures. it may now need to boost its own local low-cost operations. >> if we want to satisfy the needs of our customers and offer them suitable flights, that is the job of an airport, then it is completely obvious that we must and will open to the low-cost carriers. >> it has not been clear scares -- clear skies for ryanair. it's looking at a drop in profits in the wake of this summer's brexit vote. >> we've been growing in germany signif

mpbts shar >>> shares in ryanair are flying high. but they do warn that a win from donald trump could wreak havoc. >> i just want it to be over. just like brexit, give us the results in two days' time. i don't think it will make that much difference, unless trump upsets the polls. then chaos could ensue, but it could be entertaining for months. >>> shares are also delivering big gains in postni. they raise the price to a five-year high. >>> i think a lot of people are feeling what michael o'leary is feeling, huh? >> can't wait for it to be open. it's like a soap oprah. now the latest turn with the fbi clearing clinton. >> the last poll gave, what, a four-point lead to clinton? that's nothing. >> there was another one which was narrower than that, 1.6% for her. it could go both ways. we know from brexit that we can't trust the polls. it could go either way. >> there are so many factors to be throwing up here during the actual voting hours. the european equity market is opening in positive territory and seeing quite a bit of green on t

i think these are tough times, but ryanair is doing very well in tough times as people trade down to>> shares and commonwealth bank are lower after they announced earnings a short time ago. how were the numbers for australia's biggest bank? >> the numbers were flat but bad givenoot the others. the same from cba as we have had majorhe other three net interestnks. shrinking. bad debts are up to $322 million for commonwealth bank. the tier one ratio 9.4%. this is a trading update from commonwealth bank, so it is not a full set of results. they run on a different calendar to the other three big banks, but an outsized move. shares up 1% after a bright start, and you wonder how much better the asx might be as well. commonwealth making up nearly 10% of the index. >> reporting better than expected profit, with local wireless internet business bringing in cash for the copy. sprint's revival and steady earnings gave the telecom company a boost. peter, what are your big takeaways about softbank's operations based on the number we have seen this quarter? peter: typically, the softbank operations

i think these are tough times, but ryanair is doing very well in tough times as people trade down toes. the business continues to deliver. i think these are tough times. >> shares in commonwealth bank are lower after they announced first-quarter earnings a short time ago. how were the numbers for australia's biggest bank? >> the numbers were flat, probably not that bad considering the moves in the market. that is about 1.8 billion u.s.. the same complaints from cba as we have had from the other three major australian banks. they are seeing that interest markets shrinking. bad debts are up to $322 million for commonwealth bank. that is the highest in two years. the tier one ratio 9.4%. it is important to remember this is a trading update from commonwealth bank, so it is not a full set of results. they run on a different calendar to the other three big banks, but an outsized move. shares off 1% after a bright start, and you wonder how much better the asx might be as well. commonwealth making up nearly 10% of the index. emily: bank of japan reporting better than expected profit, with lo

heather: from louis vuitton the two will cost --lufthansa to low-cost airlines, we have reports from ryanair >> ryan air is probably one reason for louis vuitton the not to get very -- louis vuitton the not to get very cheerful -- luftansa not to get very cheerful. and another -- ryan air will be flying to and from frankfurt. this is the home base of lufthansa. and in berlin, there is rumor that they will close down some of their bases. nothing is confirmed. i can tell you that the rumor alone is weighing on the share price of air berlin today. heather: thank you. our financial correspondent at the stock exchange. thank you for that. and we will have more business a little later. anchor: thank you. a little bit of football. the champions league, a powerhouse, munich qualifying with two matches to spare. they came from behind, to-one. and a home win against throw stuff. manchester city fought back to beat barcelona, 3-1. arsenal qualifying for the knockout stage. and psg beat basil. and -- against dynamo kiev. and our top story, antigovernment protests taking place in the south african capita

lufthansa says they cannot afford the wage increase interfacing competition from the likes of ryanair well as emirates. >> you just mentioned that they've had a quite good year. they will also probably be profitable this year. should there not be a turning point when it switches from just a mere image problem to actual financial problems? >> for the moment these strikes are costing them 10 billion euros every day. this goes much further than that. we're talking about reputational damage. kayak says they saw 97% fewer visitors booking with lufthansa last week. it shows you how it can hit profits in the future. you would think that a resolution would be needed soon. we just don't seem to be getting there. tuesday and wednesday, 1700 flights are set to be canceled. >> seems like a never-ending story there. thank you very much. zimbabwe has issued its own currency for the first time since 2009. that's what it looks like. banks started issuing the new money on monday. the move is a bid to resolve the worsening cash shortage there. during the 2000 a global financial crisis the central bank

ryanair is holding a press conference. they do not currently operate from frankfurt.anair planning on taking the battle of the skies right to the door of this particular airline? we will keep an eye on that story as it develops through the day. manus has got breaking news on the oil sector. manus: yesterday it was shell and dp. -- m.v.p.. now, you have other earnings. below theon, slightly estimate of $251 million. here is the big headline for --don petroleum -- fof lu for lundin petroleum. have more than doubled 2015. they're upping guidance in terms of production. missed everembers so slightly, in terms of revenue. the market had penciled in 320. i can tell you, in terms of projects coming online, they started a project expected to almost double their average foyers through this year. it dropped holding in the norwegian field. it really is about the guidance, up 75,000. the ceo says the balance sheet can sustain $40 oil. we are going to have that conversation and about 30 minutes time. we will be speaking with the lundin petroleum ceo in his first interview of the d

. >>> ryanair raising the long-term forecast by 10% saying it expects to carry 200 million passengers in a year in the next decade. the airline also reporting first half results in line with forecasts three weeks after issues a profit warning. >>> more stocks to watch, oracle says it's 9.3 billion acquisition of netsuite will move forward. the company valued it at $109 a share and that will close today. >>> and alpha beth's adventure capital disclosed investment in snapping, the parent of snapchat. the investment was made earlier this year but it's unclear how much it was or if it changes snap's evaluation around $18 billion. alphabet also confirmed a separate investment in airbnb up 2%. >>> berkshire hathaway fell 2% but this boosts operating results by 7% which did miss forecasts. berkshire also ended the quarter with nearly $85 billion in cash itself. up 1.3% this morning. >>> still to come, schools and more -- scores and more, we have highlights from the nfl and football realm. we'll be back in a moment. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yu

the other, it is about the entire bringing down overall cost so they can compete with the likes of ryanairhere is a big decision to be and with willie walsh british airways. he always struck a deal with the pilots first. guy: it is a much harder fight. the union has big power. christopher: they can ground the planes. guy: is he going to win? christopher: if we take him by his word, then i think he is ready for the long haul. something has got to give. a lot of times, it cannot carry on like this. it needs that step change. so, he may be -- guy: short and sweet your thank you very much. big news coming out of lufthansa . big news coming out of the european element right now. seems like angela merkel is going to be given a run for her money. matt: we have just broken these headlines. martin schulz, the president of the european parliament, has won't run for another term as president of the ep, but in said he will return to german politics and obviously the speculation is that he will try to give angela merkel a run for her money as chancellor. she has announced she will run for a fourth term

ryanair looking into eat and potentially. this is bloomberg. ♪ the are ine watching open. the city of london. caroline hyde is in berlin. caroline has your morning brief. caroline: it is political pain. stocks slump. our investors finally waking up to the possibility of a trump presidency? the fed in focus. the u.s. vote less than a week away. no movement expected, but how soon will the december signals be? metal bashing. with enemy week in full slaying, will prices recover, or will oil drag us equity -- drugs the sector lower. yesterday, we saw a little bit of selloff against the european close. they were expected to open a little bit lower. let's show you what is happening with european trade as we start. here is the picture. there goes london, starting to soften up a little bit. not down by much yet, but expected to accelerate to the downside. let's see what is happening with the cac. it is down by 0.2% as well. softness coming through. we will see whether that accelerates throughout the day. all eyes on the polling. ftse 100 with a 68 handle. .ot even a 7000 handle tho

also in the upside, ryanair. this time they plan to buy back as much as 50 -- 550 billion euros of stock. the stock getting immersed burst as well. berkshire hathaway reported after the bell on friday. here's what we know. operating earnings came up a 6.6% in the third quarter. net income fell by 24%. the good stuff was the utility unit for berkshire hathaway energy. the downside is guy: and bnsf -- is geico and bnsf. david: coming up up, what would a donald trump president mean for the fed and for interest rates? and setting up for the u.s. election. this is bloomberg. ♪ jon: from new york city, this is "bloomberg daybreak." an fbi boost for clinton may be a squeeze in these markets. thou futures up by almost 200 points on the session so far. switch up the board quickly. over the last week, it has been the haven bid. that is not the story. 1.04.-yen at a weaker japanese yen. treasuries fell off along the curve as well. 10-year, 1.81. that did notng freak out last week was a fed expectation for a hike in december