when it comes to sales in china, how can samsonite grow there?panded into distribution, non-travel products sales, how can you give a lift to prices in the mainland? >> in china, you have to be smart now to do well. the consumer i think has become very discerning. there are some interesting opportunities, specially e-commerce, tv home shopping. we also have a good spread of rounds from premium down to the lower end of the market. a good spread of brands from freemium down to the lower in the of the market. swings,lso saw currency how has that affected margins? >> good news on import prices, bad news on dollar. hasimpact of currency outweighed effectively some of the benefit we have had on import prices. there are shifts and margin, which are due in part to different brands doing well, and also due to distribution channels as well. rishaad: that was the samsonite international chairman, tim shares.a 3% gain for let's look at what is happening over all. premarket up by 1.5%, similar gain for the futures contract as well. before you go to break, it

samsonite has completed eight acquisitions in 2012. the ceo has said that on both has eased off acquiring further brands that it remains on the lookout for opportunities if they have a compelling strategic fit. this latest merger needs to be approved by tumi stockholders. china's political leaders gathering under pressure to balance growth and reform and the next five-year plan. pollution and the environment and measures to restore and -- return stability to the yuan, also on the agenda. >> i'm glad that you can still see me on this truly delightful day in beijing. we had about three weeks of blue but the chronic smog problem has returned. this fits into the overall theme of supply side reforms cutting industrial capacity, a conflict between putting through these painful structural reforms at the expense of short-term growth , or as we are seeing policymakers leaning towards taking policy measures to support short-term economic growth, china's economy slowing the most in 25 years, so the window of opportunity for these reforms as quick

nicole: samsonite is fine to me for $1.8 billion.it will give samsonite presence in the high amateur business. they will pay $26.75 per share. 32% higher than the closing price on wednesday. lauren: chinatown and siena team holdings is about to become the largest movie theater chain in the united states. amc is by car mike cinema $30 a share. together anc and car mike would have 600 theaters across 40 fives they including district of columbia district of columbia. amc was purchased in 2012 by the wonder girl. nicole: coming up, what were the best and worst moments for the fox news gop debate? >> when your commonsense regulations, lower taxes on individuals and businesses in a fiscal plan that makes sense that job creators will expand employment. >> i was considered one of the best moments. a little later, baseball fans are drooling over seven centuries based of cars, crumpled paper. we will tell you but they are worth. 30 exciting. u.s. stock market futures not moving too much. you are watching "fbn:am," your first look at morning ma

luggage maker samsonite is hoping to bag some extra profit with a new business deal. luxury-brand rival-- tumi for (one-point-eight ( billion dollars. tumi is among leading brands for high-end travelers with some of its carry-on bags selling for almost 25- hundred dollars. the deal gives samsonite a bigger share of the high-end market-- while tumi will benefit from being part of a larger company with a wider global reach. coming up-- we have the 9-1-1 call from the woman who didn )t recognize seahawks safety the l-a-p-d has confirmed that a knife found at o-j simpson s former estate... is being tested for d-n-a this is connection to the investigation into the murders of nicole brown and ronald goldman. right now we )re waiting on a news conference to start in los angeles --- here s what )s we do know right now -- there are reports a construction worker found a folding buck knife at the simpson estate, as early as 1998. the knife was given to a police officer, who was nearby. he kept the knife, to himself, all this time. his superiors didn t know about it until he reti

samsonite, the world's largest branded luxury maker has agreed to buy cumene. it's the biggest ever acquisition. they plan to retain the design team to ensure that the quality .f the design remains intact with the various segments. below is an want to have to win. china's richest man is pretty the largest cinema chain. movie theaterest chains. -- deal combines america's that is the bloomberg business flash. manus: china's political elite are meeting in beijing to improve the,'s 13th five-year plan. you want to find a balance between growth and reform. haidi lun is in beijing for us this morning. good to see you. begins tomorrow. are we going to see any clear policy announcements. ? >> good morning to you both. we are expecting or hoping for clarity when it comes to this policy. a lot of analysts have said they it will be very clear. the policymakers, growth is slowing 25 years. they're trying to prop up near term growth. they had these rate cut since november. five rrr on top of that. capacity when it comes to steel and coal. you can see that the environmental

jummy: luggage maker samsonite is hoping to make extra profit with a new acquisition, the company is buying its luxury brand rival for $1.8 billion. they are among the leading brand for high-end travelers with some of its carry on back selling for almost $2500. i cannot afford that. the chances of a recession in unit two years of increa morgan. put thencial giants odds at a recession over the next couple of years at two in three. financial analysts say the u.s. is in the strongest position than the rest of the world thanks to steady job growth and stable spending. coming up, one last look at the forecast and we have 70 degree temperatures on our doorstep. where should you start when you're told you have cancer? start with a specialist. start where you'll find advanced technology, precn treatment options and truly compassionatate care. start here with a team of experts who treat only cancer. every stage. every day. its not one thing we do. it's the only thing we do. start at cancer treatment a. the evolution of cancer care is here. learn more at cancercenter.com/experts appointments a

and they pop out in that section, and you've got a starbucks and a samsonite store that are nearby. you've got the information desk of the airport. area. so if that heavily damaged area is where the bomb went off, the bomber has really targeted the sort of activity well because they've chosen the busiest part of the airport before anyone has had to go through any security screening. >> yeah, and what we've learned so far is at the airport at least one of the explosions was connected to a suicide bomber when we spoke to juan zarate earlier, senior security analyst. we were talking about security at the airport and the fact that you would think at a time like this when a country like belgium is under high alert, one would not be able to walk into an airport and explode a bomb. but this area, this departure area is probably one of the least secure places. and he talked about the fact that most of the security is geared towards protecting the planes and people trying to put an explosive on a plane. so you're talking about an area gotten out of their car. there would have been children a

samsonite is buying tumi. the largest luggage company in the world.ives them a foothold in the top tier luxury brand. >> anyone who likes to travel. i love luggage. >> i heard you have a lot of baggage. >>> "early start" continues now. >> speaking of baggage. insults an attacks in the republican debate. reaching a new low. was anyone able to rise above the fray? good morning. welcome to "early start." i'm christine romans. >> i'm below the fray. miguel marquez here on friday, march 4th. breaking overnight. down and dirty to say the least. donald trump at the center of it all. for the whole two hours, republican candidates just went after each other. sometimes in very course terms. >> this campaign for the last year, donald trump has basically mocked everybody with personal attacks. he has done so with people sitting on the stage today. he has done so with people who are disabled. about every other candidate in the race. anyone who has deserved to be

samsonite bidders adjust to buy to me. could value close to $2 billion a day to have huber spends -- i've done that twice. technologies has spent big money to expand its right service around the globe as an international business loss. $237 million in 2014. u.s. airlines bid for new schedule about to cuba. u.s. airlines rushing to apply for access to 20 daily flights to havana before trent petition department headline. the two countries set to begin for the very first time in over 50 years. send me a period nicole: coming up, the latest toy for billionaires are looking pretty good trip about his $2.5 million superfast, super kart, super. and sports about politics comes to the golf course. >> i thought i knew what politics were until it harder to watch these presidential debates. nicole: we will tell you what ellsbury mcilroy had to say about the u.s. election. after two days of gains, s&p at two, nasdaq up nine, you were watching "fbn:am," your first look at morning market and breaking news. ♪ lauren: astronaut scott kelle

samsonite has agreed to purchase tumi holdings for $1.8 billion. they say it will help them expand into the high-end luggage market. >> look at that spike yesterday. >> exactly. >>> also in deal news, amc entertainment has agreed to buy carmike cinemas. it would make amc, which is chinese owned, the largest theater operator in the u.s. it has bounced significantly. >> the apple chip supplier broadcom will slash nearly 2,000 jobs globally. the firm also posting strong earnings in its final quarter before it merges. >>> and s&p 500 shuffle to tell you about. udr will be replacing green mountain in the index as of the close of trading today. >>> smith & wesson revenue rising by more than 60%, and the stock getting a little over 4% boost on that. >>> gap saw its core sales sliding 2% in the month of february. the chain was hurt by another double-digit drop at its banana republic chain. gap is trying to engineer a turnaround. the core brand gap and old navy both came in flat on comps, but it was banana republic that's weighing them down. >> not been doi

. >>> and the world's largest luggage maker samsonite has made the case to shareholders for a $1.8 billionr of tumi. the deal will expand the company's presence in the premium baggage sector and is expected to close in the second half of 2016. >>> and mickey mouse will add two more ships to his cruiseline, bringing the total to six. i didn't even know mickey mouse had a cruise line. >> big business. >> well, julia boorstin sends this report. >> disney shares gaining a few percentage points on an upgrade from piper jaffray. at disney's big annual meeting, the company announced building two new disney cruise ships, which will be ready in 2021 and 2023. the company also revealing more details of its "star wars" lands in the works in florida and anaheim. they say visitors will feel like they're flying the millennium falcon. much at question and answer session at the meeting was dominated by talk about the health of espn and the tv bundle, issues which have been weighing on disney's stock. iger reassuring investors that espn is a healthy business and will continue to be. while they do work ahea

. >> i don't think samsonite will turn on this. it was a gift, by the way.w if i would spend more than 100 bucks for a wallet. liz: i let pay up for tumi. i love their stuff. let's hope the culture of tumi overtakes. bill gross is waving a gigantic red flag at the world right now. in his brand-new investment letter just out -- by the way, this thing is anticipated by thousands of investors out there. janice capital gross slammed central banks and their attempts to stimulate markets and here's what he said. quote the negative interest rates dominating 40% of the euro bond market and now migrating to japan like the zika virus will not generate economic growth, in fact, it will strike to sector sicken them. let's bring them in right now, janice capital portfolio. negative rate creep from europe to now obviously japan. you say it's going to inflict disaster. where and how? >> well, in various historic business models, liz, let's examine banks and insurance companies and pension funds and ultimately the household savior. if they can't earn enough money to pay for

samsonit session, reportedly nearing a deal to buy tumi holdings. it, too, is flat in premarket. american eagle saw its sales rise during the holiday quarter. the retailer also offering upbeat guidance for the current quarter. it's risen just over half a percent. >>> ibm is suing the daily deal site groupon on, claiming they infringed on four of its patents. the linkedin ceo saying he will decline his annual stock compensation. instead, he'll pass the bonus to his employees. and adidas giving e ining an up outlook. the sportswear company is hopeful for a boost from 2016 events like the rio olympics. the ceo will be on squa"squawk later at 6:40 a.m. he's the outgoing ceo. the company has struggled under his watch lately to catch up with the likes of under armour. i wonder how much of it is kanye west and those yeezy shoes, which are so explosive. >> i don't know if it's that or soccer stars like david beckham. doubleline capital is shutting down its stock-picking fund. the three-year-old fund never gained much traction and is down 12% this year. they decided to close the fund at a

samsonite, excuse me. >> the deal price was reported to be -- >> did we have a price?is changing right now but it's not quite that price as well and of course bidders come come in. they say it's a pretty appealing luxury brand. >> it's up that so it's down about 13%, 15% over the last year. >> you introduced me to tumi, didn't you? >> no. a few months ago. >> oh. >>> they do reiterate their december view for the year, which is helping not just joy but cat which along with disney and intel both upgraded are the best reporting dell. let's head over to dominic chu. >> you talk about this idea that we could have some jockeying for position ahead of the okay nomic data coming out, especially the jobs report on friday. what's interesting about the way the setup is going right now, is you take a look at some of the early action today an we're seeing some moves higher. again, you can see industrials right now trying to eek out a very light game. tell con services leading, although douchblt health care, staples, paying dividend type stocks. as we set up for how the week is shap

samsonite says it wants to make sure the quality of luxury luggage company does not change.ld's largest brand and luggage maker has agreed to buy tumi for about $1.8 billion in cash, representing a 33% premium to the closing price on wednesday. in zimbabwe, the president says that diamond smuggling has cost the country more than $13 billion. in response, the president has created a new company that is taking over some ball boys diamond mines. it is their largest source of foreign exchange -- taking over some diamond mines. it is their largest source of foreign exchange. jon: thank you. former brazilian president isn't a corruption twist. of the government team for bloomberg news joins us. john, try to make sense of this. lula, that is a new element. can you break it down? john: i think it is important and very difficult to understate the sheer importance of former president lula in brazilian politics. he is the most towering figure in the last two decades in brazilian politics. we do not know if he has been arrested or he has not been only been question. the fact that his ho

samsonite nearing a deal to buy for about $2 billion.cing he will donate to science. >> winning the world cup. she says not enough studies. we know the nfl is starting to take concussions serious. nothing is being done with soccer. safer rules for soccer. now, does not know who you are. a professional soccer player. a professional soccer player. what do you think of this american idea. ashley: talking about rugby and certain ages. do you remember when america hosted the world cup. [laughter] stuart: oh, stop it. do not go there. listen to this. political correctness. it will make you mad. we are an hour and five minutes away from that romney very anti-trump speech. playing the american people as suckers. the governor of utah will be at that speech. we will talk to him right after this. ♪ every day you read headlines about businesses being hacked and intellectual property being stolen. that is cyber-crime and it affects each and every one of us. microsoft created the digital crimes unit to fight cyber-crime. we use the microsoft cloud to