sainsbury is really now in need of a new strategy to drive growth at the grocer.ing that deal to buy asda was the strategy. sales are projected to fall further into 2019, so people really wondering what their plan be will be -- their plan b will be. slightly different for asda, owned by walmart. they are saying they still got a number of options on the table for what they will do, including whether to spin it off in an ipo or look to a private equity buyer. vonnie: all right,, tundra with our stock of the hour -- all right, emma chandra with our stock of the hour, sainsbury. thank you very much. guy: from the cme, i want to talk about the dollar. what is the feeling in chicago about whether or not the dollar keeps going higher from here? there seems to be nothing to stop it right now, no obvious alternative. does the market see more dollar strength? guest: this dollar power is a mystery. obviously with no rate hikes in the future, how can it continue to climb? we are at the highest level since may 2017. we see a strong trend, but if you look at today's action, you

movingng sainsbury, amidst talks of merger.erg. ♪ matt: welcome back to "bloomberg markets: european open." 46 minutes into the trading day with red arrows across the board. the ftse down, the cap down -- cac in paris down. deutsche bank and commerzbank are ending merger talks following numerous reports about discussions between the two institutions the grading. -- degrading. see deutsche bank shares trading up 1%, commerzbank down %, both aown 1.76 fraction of the price. we've also heard from ubs, barclays, and rbs, hunting for a new ceo. manus cranny is in zurich where he has been speaking to the ubs ceo. let's talk about that interview. manus: matt. matt: you talked about tieups in european financials. , he was not going to answer that is whether he was having talks or not. but there is a natural progression in terms of more deals getting done. i said that if they get together, what would that neil -- what would that mean for you? he said no material impact, but i don't know about that. when you look at businesses that work

the share is on the move. 6% down, and sainsbury has been declined.s have been falling all year, the merger was announced, that was great, but since thenit announced, that was great, but since then it has lost market share to asda, who it was going to merge with, and this review by the competition and markets authority suggests it has too many shops and if it is not making money, though shops will come at a price. sainsbury's needs to find a way to revitalise business, i don't think it has found it yet. what else are you looking at, so many big companies out with earnings, busy time. one interesting thing is how many companies are coming out and saying how boeing is affecting them. the aerospace manufacturers have come out and now airlines like norwegian have come out and said, aerospace manufacture rs are norwegian have come out and said, aerospace manufacturers are not going to make the parts for the jets, because the max is on hold and the airlines are saying, if we cannot fly planes, how will we complete these journeys that we promise passengers?

government plans for the uk to use chinese i'm tadhg. in the business news: the planned merger of sainsburysid that combining two of the country's leading supermarkets would lead to increased prices in stores and at petrol stations, despite management's insistence that customers would benefit from price cuts. the chief executive of rbs, ross mcewan, has resigned. he's been in thejob for five and a half years, in which time rbs has closed hundreds of branches but also returned to profitability after the financial crisis. mcewan was also criticised for his handling of a controvery over how some of its troubled small business customers had their problems made worse by the bank. critics of airbnb and other home sharing platforms have told of their fears that tourist cities could be hollowed out, reducing accommodation for ordinary people. a bbc investigation has found that airbnb listings in edinburgh have doubled over the past three years. in london, they've quadrupled since 2015. let's get more on that decision to block the supermarket mega merger of asda and sainsbury‘s. the boss of sainsbury

the boss of sainsburys says the regulator is "taking a billion pounds out of customers' pockets."ur eyes only. we'll discuss daniel craig's final mission as 007 ahead of a big announcement about the new bond film. as showers migrate northwards, they will be heavy and potentially thundery and it will feel cooler today than yesterday. i will have more in 15 minutes. it's thursday the 25th april. our top story. the number of people in the uk who could be at risk of contracting measles is being described as a "ticking time bomb". the nhs says the number of cases in england almost quadrupled last year. the children's charity unicef says more than half a million children in england aren't protected against the highly contagious and potentially fatal disease. here's our global health correspondent richard galpin. according to unicef, an estimated 160 million people around the world missed out on the measles vaccine in the period from 2010 to 2017, and it says outbreaks of the disease are on the rise. there seems to be a global issue of a lack of information, scepticism around different s

if asda or sainsburys is where you do your weekly shop, you've been protected this morning from highersive merger between the two. our business correspondent victoria fritz is here. they have said no to sasda, as i am calling it, £7 billion deal to try to merge the number two and number three retailers in the uk, they say that could create a monopoly, and under a monopoly, you might see higher prices, not just. .. under a monopoly, you might see higher prices, notjust... less choice, for what you put in your grocery basket but also, petrol as well, they say they could reduce quality and the range. these are the key reasons why they have turned it down. that should be good news for consumers, sainsbury‘s have come back, the boss has come back and said, you have taken £1 billion out of consumer pockets, the reason he is saying that is back in february, they promised to reduce prices by about 1%, on most of the goods that you would get in your food shopping, and so they are saying they will not get that and consumers will not benefit from that. the competition and markets authority were t

sainsbury formally rejecting a merger. jeffries cutting the price tag.us has to be a standalone company. francine: dani burger with all of the big moves we are watching out for today. here is viviana hurtado. the royal bank of scotland says chief executive ross mcewen resigned. he has a 12 month notice period. allison rhodes is a potential replacement. she is a life or that runs british, commercial, and private banking. barclays traders outperforming rivals and a quarter that saw and firstll street quarter less than expected. our clays is one of the few banks to post again -- barclays is one of the few banks to post the gain. >> we face the choppiness around equity capital markets and m&a activity around the world. results is the reason why number i is scrapping is scrappingmura for executives. income dropped 96%. the company posted a loss of ¥100 billion, the first loss since the global financial crisis a decade ago. global news 24 hours a day on-air and at tic toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries

it means sainsbury's feature will look very different.to be, because from the very start of this proposed deal, it was about making sure that there was a strong retailer in place in a marketplace where customers have got so many more places to shop. that is certainly right. want do we know about asda, because walmart are the big us retailer that own it. they have said they're committed to the uk market, but i committed to the markets are they really? whatlj think markets are they really? what” think it is very unlikely the private equity come on, because i don't think it would return quickly enough for what they would like. also, iam not enough for what they would like. also, i am not sure that that would deliver great value for one what i do. what they have said this morning isa do. what they have said this morning is a very committed to asda. they have certainly got a very strong emotional bond with it as the business as well as a commercial one, andi business as well as a commercial one, and i think what you'll see now is that they wil