unilever younge social for newer award. we get a lot of strength from that. we work on any subjects. -- many subjects. we don't do products alone. we work in partnerships. we are working with partners to get sustainable sourcing. we really have tried to put this partnership anin place. this is a moving thing. we don't have all the answers. we certainly cannot do it alone. we want to be sure that in the approach of creating value across the total plane and ensure that everyone is included, we want everyone to create, we want everyone to be protected. that is only possible if you work in partnerships. francine: is there another ceo or influence in your life that you admire? mr. polman: the answers you normally get our to look at nelson mandela or rosa parks. these are people that are driven by a strong sense of purpose. it's a person like was a parks who can change the face of racial segregation in the u.s. see and feel is that everybody can be a leader. sometimes, you have to encourage them. we worked with -- we work with foundations. we're trying to change th

but there are some alarm bells still ringing when it comes to unilever.moment, share prices are still up, and they are trying to talk the market into some sort of reality check. they continue to see soft, global markets. the cfo saying that uncertainty is rising in china and there is much volatility in russia as well. the company is still so exposed that they managed to outperform it. francine: caroline, thank you so much. caroline hyde with the latest. very different companies. manus: completely. here to talk more about china and emerging markets in the changing trends the slowdown has affected, the head of strategy at brand union. great to have you with us. we look at burberry as though it was the shining star in terms of what it was doing, in terms of emerging markets and the china story. speedbump reality. the presence in china is a bit of a drag. from a brand perspective, what is the issue? >> i think if you work in branding, it is quite nice not to hear about burberry. been the case study of emerging markets for so long into to be honest it has done

that is how unilever started.n victorian britain, one out of two babies did not make it past the age of one because of issues of hygiene. they're the same issues as africa or sub sahara africa. i think that it is our duty as leaders in this world to set an example and be sure that we are driven just by shareholders, but that we are driven by the needs of consumers, and if we cater to them very well, business will perform. you must be disappointed that not more ceos think like you. paul: you cannot sit here and get frustrated by the attitudes of others or the speed with which things move. you should just continue to focus on bringing the right people together and moving these barriers. sometimes you think, why can we move faster? whom i to judge? why can't we move faster? who am i to judge? the best thing to show is that we can have a business model where we do well, but also do good for the shareholders. the more we do that, the more we see other people work. one of the reasons that you see short tenures for ceos

guy: does unilever have pricing power?ave pricing power is when you are in the right place. ana: they are in a different market settlement. they are not than a position to actually pass any lower input costs. they are not operating on the luxury markets. they are well done on the numbers in china, and the market is very competitive. ownedould you rather tesco or unilever? ana: if i were 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

unilever is doing well. lower. china their concern. the woes hitting the luxury .eller of trenchcoats, perfumes clearly it is to be a concern if china is slowing down. aey don't have much of presence in countries that are doing well, japan, korea. the lando is set to fall, reducing its margin -- zalando is set to fall, reducing its margin. jonathan: i will bring you the price of burberry when it comes in. yvonne, good to see you. yvonne: good to see you. maybe we can all get some ice cream in asia. look at this sea of green. we are seeing a rebound after two straight days of losses. quite a day for investors. recent u.s. data showing monetary policy may not be a threat at the moment. that is pumping sentiment in the region. we are back to the straight of that news is good news. up 2.3%. those chinese stocks in hong kong road -- rose to an eight-week high. the government says it is restructuring the telecom industry. clearing out those smes. big news out of korea. the central bank keeping policy unchanged. they need to flag some of the

unilever has been benefiting from a weaker euro.you look at nestlÉ, it shares have an underperforming the stock 600 food and beverage index. you can see the index up about 12%. whereas, nestlÉ given today shares price is only up 1%. unilever, on the other hand, has been outperforming. manus: think you very much. now, later this morning, we will talk to the nestlÉ ceo about these results. . the challenges is facing stay with bloomberg for that. speaking of corporate's, big retail misses on the high and the low end of the spectrum this week. burberry shares sank the most in three-years on demand from china. walmart's shares fell the most since 1988. this following the slump in sales in the u.s. stanhope capital chief investment officer jonathan bell is still with us. we just heard the nestlÉ story. give me your perspective. we know the idiosyncrasies. the indian effect. bulcke's always promises 5% organic growth. jonathan: this is still over 4% sales growth on an organic like to like basis. they have got growth. the problem is that th

. >> unilever in the green despite a cautious outlook. they beat expectations on solid emerging market shares. red is the new black for netflix. u.s. subscriber growth is short of expectation with the ceo blaming involuntary turn. >> ecb board member says the central bank is clearly missing it's inflation target. >>> good morning, i'm susan lee. coming up on the program, hsbc reportedly imposing a 10% pay cut on hundreds of investment bankers as the bank is struggling to trim costs. switching to auto pilot, tesla unveils it's first autonomous car but drivers cannot be rid of responsibility just yet. >> glencore has been unfairly punished. >> they have been hit hard because of coal and energy prices but still, you know, people need our product and commodity needs good trade in platform and glencore provide the best trading platform in our sector. >>> welcome again to the show. a very big earnings day here in europe. let's kick off with burberry trading lower. missed targets significantly. this was caused by a slow down in demand from china

unilever did well after it reported better-than-expected third-quarter sales. with bring you up-to-date a few other stories we have been watching for you throughout the trading session. shares of burberry among the laggards in london, closing a percent lower. the luxury goods group said sales growth had slowed to a trickle during the past six months of its financial year. china plus slowing economy is seen as the main culprit, undermining demand for burberry's trenchcoats and bags. the chief executive said that he hoped sales in the second half will pick up. sspanish oil company is to lash spending and sell assets to the tune of 6 billion euros. it is taking action to safeguard against the low price of oil. its goal is to break even with the oil price of $50 a barrel. it will cut 6% of its workforce in the coming year. here in france, this music streaming service aims to raise 300 million euros when it was shares on the paris stock market. the initial public offering is on the cards for october 30. it says it wants to sell 8.2 million shares in a deal that valu

more -- you a bit have different stories with unilever and nestle. is it really attainable?have a guest coming in to chat on those issues. stocks rally, not roar. jon: who said they were roaring? manus: the producer. it was marie. jon: i looking at rate hike. 4% for october, 31% for december. says: mohammed el-erian don't write it off. formerly one of the guys at pimco. he says don't write of december because -- i find this fascinating. stanleylates between fischer who is the international voice on the fed mohamed el-erian saying international does not trump the domestic scenario. the internal debate versus the external debate. in terms of what moves the fed. jon: if we sit around here at december, are they really going to move to that market? would not be likely to see a federal reserve act in a matter which they have done over the past 30 years which is they are in charge and not the markets. is time to say we are in a different paradigm. they don't want to scare the oung ends, cranny's treasury market. coming up after the short break. equities here in london up by 6/10 of

unilever among the big winners. the consumer project giant posted a sales beep, and then there's burberry slumping on a first half revenue miss hurt by weaker demand obviously in china and hong kong. got more fall-out from volkswagen's emission scandal. vw to recall about 8.5 million diesel vehicles in the e.u. when we come back, the largest ipo of the year is now open for trading. shares of first data hanging on to 16 by just a nickel. we're going to get a closer look at the ipo marketed with a lead-in for first data. albertson's and ferrari. in a moment. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] ♪ my mom works at ge. ♪ from the militants. >> volkswagen will recall 3.5 million cars

unilever. hellmann's mayonnaise.d for your forecast after third-quarter sales beat estimates. put it down to emerging markets and ice cream. burberry down. the biggest drop in five years. why? it indicated profits will probably drop for a second straight day. not a good day for the luxury lovers out there. well said.: doolittle to abigail at the nasdaq. welcome to bloomberg television. >> thank you very much. we have the good and the bad over here, and then we have the ugly. garmin. this gps communication navigation company is down 13.2% right now as the company party announced the limitary third-quarter results to the downside. this is the second straight negatively quarter miss for slashednd they also full-year guidance. sighed intensifying competition and fitness and soft demand and aviation. last we turn to the green side of the ledger or at least one analyst is liking facebook. the shares are up nicely today hold. upgrade to buy from analyst jo bonner sent a price target of 115 and have successfully made the tra

ejra: socgen is saying that nestle is poor compared to unilever, which were better than expected yesterdayice cream sales, but also nestle has been suffering from a itsnger franc versus competitors who have been benefiting from a weaker euro. socgen said it was very disappointing that nestle had suggested growth should pick up in the second half, and warm weather did help weather and ice cream sales -- they said that we may see some investors shipment into other consumers. , analysts are calling the stock lower -- 3%, 4%, 5% lower. anna: thank you. that news from nestle, but better news from car for. they are reporting higher sales and revenues, void by growth in europe. charles allen joins us now for a closer look at those numbers and we're also joined by the global head of slow strategy at society general. great to have both of you here. charles, let's come to you first. a couple things are right in europe -- is that a fair assessment? >> it is. they are doing what all retailers have to do, which is simplified. a massivelyme simplifying company and its a massively complicated things to k

one of the global consumer companies in the world along with unilever, nestle, procter & gamble wille abi, inbev, even though they will be divesting, again, the asset here in the u.s., miller/coors and most likely china. though we don't know yet. >> this is big. i want to point out when you see the symbol t.a.p. is up big, molson, remember when constellation brands a couple years ago was able to get modello corona, the stock was at 31. today it's at 137. mexican beer far faster growing, keep in mind that that move by molson coors, you might want to sell it. that's a huge overnight gain. that's why i've been pushing that thing endlessly. >> they will own together eight o. the top ten brands in the world. the only other beer distributors that have a close to the share is carlsburg or heineken or tsingtao in china. >> these sales have been on decline. they remind me of carbonated soda. just so we're clear on this, ipa beer is a factor. ipa is a factor. >> you mean craft beer? >> craft beers are a factor. they could make it so you could argue there is real competition is craft beers matt

unilever has come back. pullman has to do more work on colgate.he three standouts are pepsico, clorox and kimberly clark. let's learn more before we dismiss colgate. good company. >> we had tepper on "squawk" this morning. didn't want to talk about the market too much. i bought a lot of carnegie mellon. >> he said he was surprised by the dover tone out of the ecb but they remain cautious. >> i know david tepper, he schooled me at goldman sacks about some bonds i wanted to buy for someone. ever since then i've been in awe of the man. i think he was there to talk about the incredible charitable work that he was doing which is a remarkable. a guy who goes ohhome, believes where he went to school. >> day two after news from pfizer and allergen confirming friendly talks. 3.08 is the number there. many are wondering what the price would be paid by pfizer. the likelihood would be all in pfizer stock. the combined company must be 40% of allergen shareholders, so they would qualify for inversion and become an irish taxpayer. pfizer shares down a bit. you w