how can you miss out tesco. down 2%.ing business in the united kingdom looking better, improving. are seeing volumes rise. we are seeing transaction numbers rise. it is just the pressing pressure that remains in the u k next light internationally, we're seeing sales growth. not ruling out a rights issue. -- the u.k. stores -- they expect more closures. you are going to be talking tesco. jonathan: caroline hyde, thank you very much. want tesco, walkman brian roberts. bryan, great to have you with us. i feel like we are resetting expectations. tesco this morning beating expectations. the fundamentals, the challenges they face remain. bryan: the stocks rise on the back of tesco. the stocks drifted slightly this morning. some of the promise generated by last week. the challenge still remains. a lot of the media over focuses on the legal audi thread. [indiscernible] jonathan: they are cannibalizing themselves. i want to deal with the headline this morning worst. one headline, never say never on the rights issue. at the same t

. >> a plunge at tesco. but the ceo maintains full year targets. >> shares of yum brands sinking as they warn that trade in china is not recovering as quickly as hoped. >> shares in vw rally to the top of the dax today after the car makers new ceo vows to wrap up a recall of vehicles effected by the emissions scandal next year. >> midweek in the markets. so we get to talk about beers, don't we? it's a little bit early but there's a big takeover battle brewing right now. sab miller and ab imbev. this is the third attempt to try to buy up sab miller. they have a 34% premium to sab's last close when they first made this announcement to the markets. we have gains today up 3% so far. and actually ab inbev seeing good gains as well. it's hoping to get lucky with with an improved public offer for rival sab. they have offered 42 pounds a share for the british beer and that represens 44% premium to sab's closing price on september 17th. they rejected the two offers by the way at 40 pounds and 38 pounds a piece but th

we will wait on the tesco numbers.ll take a break, see you in a moment. ♪ ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. guy: cost correction. ceo says recalls will begin as early as 2015 as he sets the deadline of today to submit claims or effects. -- submit plans for a fix. signs of a recession, and a samson surprise. surges as a strong dollar boosts sales. welcome to "countdown." we are starting to get some german data coming through. it doesn't exactly make great reading. remember, this is for august, china, not vw. industrial output has fallen by 1.2%. .2% gain.te was for a a huge miss. low,dollar trading is at a 1.1259 is where we are trading. construction is down by 1.3, energy output down by 1.4, consumer goods down. a mix in terms of where we have come at this week number. the da

caroline hyde on the tesco store. let's switch gears.gn wealth funds are dominating at the headlines. if it's not norway, it is what the saudis are doing. abu dhabi is reviewing its latest state on companies -- state-owned companies. let's bring in bloomberg's middle east finance reporter matthew martin. good day to you. tell me what this story is from abu dhabi? they will look at their state holdings. we expect some developments. -- some developments. -- divestments. matthew: edward abbey created a lot of these companies when there is a lot of money being thrown off from the oil -- abu dhabi created a lot of these companies then. there is pressure to create wealth for the rainy day times for when oil prices are falling. we are seeing the oil prices have fallen, and so awful dobby is looking at where that they can transfer some of these assets into cash. manus: when we talk about assets, everybody knows what qa tar holds. of british companies and buildings. talk about abu dhabi. i know the investment authority. , that think of abu dhabi

but tesco pulling out of south korea, if you could consider that an emerging market economy. they are saying nonfood sales under pressure in brazil, what is the brazil story? reporter: realistically they are doing pretty well in brazil. forecast that really appeals in budget times which is nearly double digit-like sales but nonfood is difficult in brazil. , thef their competitors electronics chain is 25% down like for like. point 7% is not bad in a tough market. jon: food and retail is a big theme this morning. later, we will be talking to the nestle ceo about those results. do not miss that interview. next, a commodity shock sends waves through lme week. ♪ jon: welcome back to bloomberg tv. we are about 40 minutes into the trading session. by another 51 points. the stock 600 up by 0.7%. market, thefx weaker dollar is the story so far this week. that is what is happening in the market this morning and here are some of bloomberg's top stories. volkswagen's european market share slipped last month in the wake of the emissions testing scandal. the september registrations rose 8.

the faa requires drills every three years to tesco ordination and communication and response time and if you're one of the thousands of commuters caught in the delay here is why. the service was suspended because of a tree that was leaning over some wires. seeing it right here. service was restored just after 2:00 p.m. >>> also today a scare when people inside noticed a strange smell. sky fox over the scene as hazmat schools were called to the montessori school. 8 crews identified the source of the smell. it turns out to be a solvent used to strip floor adhesive. >>> three of four teens charged with setting a mill on fire are being held without bail tonight. the seven alarm fire took seven hours to get under control. embers stayed hot for days. one other teen was released but on several strict conditions. >>> also new tonight at 5:00 worcester police searching for the suspect in a bank robbery. it happened last friday. police say the suspect walked into the bank claimed to have a gun and demanded cash. crime call worcester police. >>> a group text between high school students turned a

. >> tesco is the folly of okay. one thing that we always want to do when we have the authors here especially considering they had to write about a field that is not necessarily the most conducive information and documents. the idea is about writing about this and how in the world to find the sources necessary to write the full sized book. they don't necessarily want historians to know about. >> guest: for starters i want to think some thank some of the forces. thank you for coming and those of you in the back thank you. the way that i got the idea for writing the pentagon's brain came as most of my books do on the tail end of the last book and when i was learning about 58 i was surprised to learn he was going to be the first director of the new agency at the pentagon and we have one stipulation that we wanted to bring 12 former colleagues with him and that didn't fly at the pentagon because they looked elsewhere for the director but what a spicy way to start out an agency with controversy and secrecy and back story

we look with companies from retailers like tesco and technology companies like google or hertz and itr all of them but twitter and facebook are still the primary channels. what's exciting is that both of those channels recognize that consumer interactions and customer service are core use cases. i was at the conference last week, jack dorsey himself spoke a lot about the importance of customer service through twitter and part of their strategy is really trying to make these platforms the main way that humans and people interact with businesses, right? they see the potential on facebook as well for e-mail and live chat to go away and if you have a question or issue for any company the first place you turn is twitter or in facebook's case facebook messenger on your smartphone. >> you just raised $11 million in your latest round of funding? did that come from twitter. >> no, but we're growing very quickly and investors really recognize the huge potential of social networks to become major channels. >> okay. good to see you. josh march. >> that's all we have time for today here on worldwi

supermarket up into tesco.s may be followed through from the announcement that they have going to have a price match. >> i kind of got through that. >> when we come back, one-on-one with the co-founder of linkedin. reid hoffman is with us in a cnbc exclusive. quack squawk alley will be right back. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. >>> good morning, everyone. i'm sue herrera. here's your cnbc news update at this hour. at least 13 people, including at least six children were killed and several others injured following a landslide in the southern pakistani city of karachi. witness saz some of the

ownedould you rather tesco or unilever?e to invest i would invest in unilever because of the mass exposure to their customers were are benefiting from urbanization of china. the exposure to the consumer in asia is probably very admirable. anna: technology seems to be the thing that joins some of those together. that is a thing you are investing in. ana: absolutely. also, it is the price. guy: netflix fits the bill as well. ana: netflix is not trading at a huge discount. i don't think it is really the right price. much.you very will have more from her and a moment. he will take a short break. ♪ here are the stories you need to know this morning. guy: luxury goods makers, because is struggling he gets 30% of its revenues alone from chinese services. the ceo said the ice cream by successfullle innovation and good weather in southern europe. the company expects a sales growth of the top and of its -- top end of its forecast. the retail giant is earnings will fall next fiscal year. anna: caroline has a number of companies that c

these situations at glencore, tesco, these companies are being run for their bondholders. to take care. -- don't think folks lik guy: given all that is happening, is there a chance that the bundesbank will soften its line? hans: not really. i think we will hear later today -- the bundesbank has always been somewhat out of step with the ecb and hasn't mattered. heard german we criticism about what the ecb will do in terms of expanding, or even the initiation of quantitive easing? i believe a couple days ago, we did hear on the ecb hinting that they didn't quite need to expand the scope yet. even within the ecb, the germans are still the hawks. i take your point. for most eurozone countries they love to have that problem. historically, germany would like to have that problem. their norm is much higher. maybe germany just has to accept a new normal -- but i do think -- the holy grail in german politics is a balanced budget, and if that becomes appareled i think there is a geometrical problem, can the problem is squared for merkel, that she has spent all this money on refugees

and tesco is up by 2.7%.ndoned the sale of its data analytic unit, raising concern that it will need to resort to a capital increase. did european stocks finished the session higher? it looks like they did. yes, stocks up for the fourth consecutive day. that hasn't happened in two months. phew! by -- just eeked by. officials say that the u.s. economy is strong enough to withstand a rate increase the larry summers says nutso fast. >> there is no reason to raise rates until you see the whites of inflation's eyes. i have seen the data out there and i don't see inflation is close to the horizon. >> howard marks said that they are behaving completely scared. another said that the cause of an exponential crisis will be the government, regulators. there is a negative sentiment around the fed's in action from notable investors. are they just wrong? esther somers: i think they are. we all prefer that the economy was stronger and at the right thing to do was to raise rates. make iting it doesn't so. seven central banks

tesco first of all, i'm glad you asked her to join because some people think it's only women. we welcome and encourage men to join us and you can go online and sign up and you are a member. we send out weekly alerts giving people ideas of things they can do. i'm glad you brought up the issue of police brutality because that is an issue we care about very much. repost it, for example, mothers who lost their children to police violence to have meaning that the justice department congress and the white house. i remember sitting around with dan and asking them have any of the police officers who shot their children, have they been in the military and one by one the women raised their hand and said the police man was in iraq, afghanistan and many police came back from overseas tours of duty with ptf d., trigger-happy and that accounts for a lot of the killings happening by the police and the other saying is the military contractors. we just talked about war being a racket. the defense department is giving away hundreds of millions of dollars worth of military grade equipment to pol