i also want to talk about thyssenkrupp and kona.ews breaking in the last hour that kona is no longer pursuing talks with thyssenkrupp in its elevator technology business. that stock has significantly re-rated on prospects that the deal what happened, so that stock is down about four per 3% -- about 4.3%, while thyssenkrupp is down the better part of 3%. copper is rebounding today. it is very growth sensitive, but over the course of the past month amid coronavirus fears, it is off some 7.3%. you have an interesting note from goldman sachs today saying that there could be a significant demand shock for copper as a result of the coronavirus. that is definitely a commodity to keep our eyes on. guy: it certainly is. thank you very much, indeed. remember, the function gtv on your bloomberg allows you to browse all of the latest charts we have been using on bloomberg television. analysis,e them for get the analysis that goes with them, and save them for future reference. gtv . this is bloomberg. ♪ ♪ from london, i'm guy johnson. t

we see thyssenkrupp as a huge restructuring case this he were trying the strategies in recent years lasty tried to merge their steel business this didn't get through approval this was a big hit to the overall strategy we have the management overhaul and the new ceo is trying to concentrate thyssenkrupp back to its roots to the steel that can be sold off apart from the steel business the elevator unit could attract so much interest industry groups, there is criticism that in the end, private equity got the deal done and not the finish elevator maker, which would have made perfect sense but rumors are suggesting or sources are suggesting that this deal didn't come through because there might be regulatory hurdles to overcome and thyssenkrupp needs cash now they don't want to wait. what is next, they will see more as asset sales from them. we are seeing an end of an era short term, it is positive that they are getting that deal done with a higher than expected price tag. back to you. let's switch back to asia as the global market continues to sell off. i'm happy to say more now with what ha

thyssenkrupp.bids said the demand of 2.5 billion euros upfront was too risky so thyssenkrupp has to focus on the other big buyout firms that have expressed interest which as i high have not offered as a price. altmeier.r all t a proposal faces delays due to work.halting joining us now is our reporter in berlin. where do we stand on this? as you were telling us yesterday, it is new forest growth and they want to plant more trees then they are tearing down anyway. the problem is they need to get this all done before the breeding season starts in mid-march. >> we are basically waiting for the brandenburg court to make a decision as to whether tesla can go ahead and finish clearing the remainder of the forest or if that were needs to be stopped. and some of the environmental groups that have put forward this suit is demanding this. matt: what could result from this? build this,ld not would they have to go somewhere else? >> that is really tesla's decision. basically, if construction will not start in m

. >>> thyssenkrupp shares are up after reporting a loss ever 164 million euros.ntly focused on the sale of the elevator division and the john going process has proven to be very competitive. >>> airbus swung to a 1.36 billion net loss from a profit from 2018 the bottom line was hit by a multibillion settlement in an international corruption charge. here with our guest to talk about the highlights we saw a bit of a reaction to the stock. we've recovered some ground. you would think from the outside that airbus would be doing better given the situation the major competitor had found themselves in. >> two reasons for it, one is the penalties. so 3.66 billion euros there. that was a bit less than expected that was not too bad news. that has been going on for years in the investigation it takes a little bit of that uncertainty away to mention on the military side of airbus, they mention revised expert resumptions that is impacting the bottom line next year, they expect 7.5 billion euros and lower than expected at 880. you could say it takes a long time for a company l

thyssenkrupp is expected to sell the elevator unit.ting back to the founding partner and portfolio manager. before the break, you were telling us we were really seeing indiscri indiscrime at selling in the markets. surely this is fertile ground. >> yes, correct. off the top of my head, i think more than $60 billion private equity has been raised they can leverage that several times with a couple of billion that can be deployed in the public equity market there are some companies that are feeling the pressure we have steady area among the telecom and cash flow that private equity can borrow against. my criticism is often that if their stock prices are going dund if they don't fix the prices going down by the sub opt mall allocation, they better fix it fast. >> you talk about the private cash flows what about countries like in europe are there parts where structural content on a national level will make players more attractive to private equity >> if you look at europe, germany, switzerland and more, the corporate culture is against bein

the french commissioner will speak about it later today >>> thyssenkrupp will likely be the biggest ever private equity deal the news that the tieup was off the table sent the stock lower >>> stay with us, also coming up on "street signs," u.s. futures turn sour as apple issues a warning. that and more when we come back. [ fast-paced drumming ] [ fast-paced drumming ] >>> welcome back to the show apple shares after a sharp warning that does not expect to meet quarterly targets due to the coronavirus. while production had resumed, the supply will be temporarily limited worldwide. they had forecast record revenues it has failed however, to provide a new revenue fraction >>> shares of apple suppliers in europe and asia are sharply lower done the back of the guidance you can see asml down. ams down 5% as well. back in january, 2019, when apple initially made a warning about their iphone sales in china, we saw real knockon effects. some of those names dropping 10 to 15% let's take a look at u.s. futures. coming back from a holiday you can see the picture is not so pretty across the board s&p

thyssenkrupp is selling its elevator division, in a deal worth over 17 billion euros, the biggest europeaneal in a decade. the consortium beat out a rival bid from a group including blackstone and carlisle. heathrow's third runway after the government says it will not appeal a ruling against the project. the court overturned an earlier decision supporting the expansion, saying the government failed to take climate change agreements into account. heathrow says it will take the case to the supreme court. that's your bloomberg business flash. leigh-ann, thanks very much. up next, the stocks on the move this morning. really all of them on the move, and all on the move down, but we will bring those especially related to the coronavirus issue, like iag, which runs british airways and iberia. this is bloomberg. ♪ ♪ welcome back to the european open. be theatch what could worst week in stocks since the 2008.ial crisis, markets are coming off the lows we witnessed in the first few minutes of trading but still are down substantially. we see u.s. equity futures recovering as well, down only about 1%,

groups of private equity firms are through to the next round in the heated takeover battle for thyssenkrupp'stor business. . a consortiumle -- backed by carlisle. iposenkrupp says an remains an option if no sale agreement is agreed. coming up, how coronavirus is playing out for supply chains. this is bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today. paul: it is 9:30 a.m. in sydney, the market open 30 minutes away. futures looking flat at the moment, bhp at the moment, the world's biggest miner reporting a record dividend, saying the coronavirus is not well contained and bhp would revise expectations. i'm paul