. >> he's located in zurich. >> zurich. >> the truth has to come out about pan am 103. >> dornstein: i've often tried to imagine what really happened to flight 103 on the night of the bombing. the u.s. government wanted to know as well, so in the 1990s, they put a lockerbie-style bomb on board this wide body jet, then watched what happened. ♪ it took just one pound of semtex plastic explosive to reduce one of the world's most sophisticated passenger jets to hundreds of thousands of pieces. and somewhere in all of this, i can't help but imagine, were the 259 people onboard, like my brother. >> hello? yeah, friday maybe. i have a vcr. but i mean, if you wanna go see itwe can go see it. >> for years, i kept thinking i was seeing him on the street in new york. i just didn't believe he was dead. and i still sometimes think i'm going to see david. i have not, still to this day, completely accepted that the guy is gone. imagining him dead, because he was so very alive, is pretty impossible. >> dornstein: david and the other passengers on flight 103 fell six miles to the ground, landing in a

francine lacqua has been speaking to him in zurich.ill have comments on that for you in this hour. we will switch gears. we do economics, finance, investment, and international relations. this goes under finance. it is an interesting time to speak to rick heitzman. he dabbles in things like interest in this. he hangs out with 10 sent. he is cool. what is it like hanging out with ten cent? : you just have to hang back and absorb the coolness that they are doing. tom: it is like panic. rick: there is a little bit of panic, a little bit of i am going to sit here on my deck chair of the titanic. tom: exactly. every six or seven years like a clock turns on or a watch turns off, all these companies are there and they are working. we are there right now. the clock went off there about five or six years ago. the only way we will manage our cyclist through consolidation. i don't understand how the challenges of cloud and semi conductor do not go over into smaller cap adventure cap companies at some point. rick: they do. companies break and fail

that was the credits we ceo speaking to francine lacqua in zurich today.says it is raising $6.3 billion of capital as part of a strategic overhaul. ferrari goes public. ferrari is going public. that is one of the stories of "the pulse." the luxury carmaker starts trading in new york after raising $900 million in its ipo. i will have an enterprise value of around $12 billion. let's get to chris in berlin. this is a very sexy story. it has a great kicker. take me into the numbers. put it in context for me. what is ferrari getting? how much debt is being shoveled into this? >> ferrari is not really getting anything. all that money is going into the pockets of fiat chrysler. fiat is taking a fair amount of money with it. there is a debt facility that ferrari is paying to fiat chrysler as part of a goodbye gift. there's very little that ferrari gets out of it. this is all about fiat chrysler. this is all about sergio marchionne's ambitions to make a global automaker. he needs the money from the listing today. it is not just the listing happening today. it is a

. >> in scurek -- zurich. we're talking about the r.m.b. not going away.similar story that you saw back in the 1970's and 1980's when the japanese banks followed the big japanese cooperates around the world, basically their clients. this one, the c.b.c. getting their license to operate in zurich. i think that now takes them to five cities. paris, barcelona, milan, zurich, and amsterdam for china construction baungs. rishaad: a change in language for china today. that's been our top story. >> some of the steepest criticisms of chinese exchange rate has always come from the u.s. that's quite an about term. >> yeah, they dropped the "significantly undervalued," -- rishaad: that has been the mantra for the last three years. >> right and don't forget the i.m.f. changed their language as well. >> right, they went as far as saying it's no longer undervalued. so that department is a stem behind. rishaad: currency manipulators is what they've been calling them also. that language has disappeared to some extent. >> the biggest critics are the u.s. congress. they hav

. >> in the news ahead we are in zurich, where an extraordinary fifa meeting is underway. and tropical storm koppu leaves thousands devastated. those and more, in a moment. >> welcome back with your top stories on al jazeera. justin trudeau's liberal party has won a majority in canada's general election. they bring to an end nine years of conservative rule. outgoing prime minister steven harper has conceded.devastating effect on humanitarian situation in aleppo. slovenia is expected to change its defense laws to help the army guard its borders. thousands of migrants are trying to cross from croatia after hungary has sealed off its borders. >>> families from north and south korea are meeting in a rare reunion in a mountain resort. they were separated over 60 years ago. harry fawcett has more. >> reporter: after decades of waiting sunlt everything is a rough. in these 15 years that the stop-start reunions have been happening, they break the routine but far from normal. the expectations are everywhere as are extraordinary personal stories. this one, when her husband left for

six days away. >> that is lee weldings there outside fifa headquarters in zurich and you will bringhen you hear developments from the fifa emergency meeting that is taking place. major league baseball playoffs the blue jays could level the american series at two a piece on tuesday follows their 11-8 victory in game three against the kansas city royals and we report. >> reporter: on the day when a new era began for canadian politics, game three of the season american league championship series represented a fresh start for the country's only major league baseball team, 2-1 down in the best of seven series against the kansas city royals and monday say the jays playing like a team in the league east in regular season and kevin set the tone with a great catch in the first inning. >> keep this in mind. >> reporter: judging by the reaction of the players it might have changed the entire mood of the series and on monday the mood was definitely one of celebration at the third inning and donaldson had three runs and two and saw toronto out of sight and 9-2 the lead before half the game is co

i love the sound of the bells an in zurich. us, we talked thiam.ane -- their breaking news chief executive is set to step down. stepping down from syngenta, the biggest maker of agricultural chemicals. i want to show you first of all the significant move we shop in the share price. come closer to my screen. this is syngenta over the past 12 months. it is a turbulent rise from a look at the screen. that itthe share price did rise of the very start in may, and came humbly down as a deal from monsanto -- arrival in the united states -- that deal rebuffed by syngenta. not being bought out by rival and having to admit that this -- that theytober 15 -- would see an erosion in 2015 earnings, a slowdown in latin america where they can about 45% of their overall sales. the slump they predicted not only by' syngenta but also the rivals saying there will be a slump in the agricultural markets. waning demand it from farmers for crop protective chemicals because they're not able to sell their products in such a high price anymore. so commod

richard conway in zÜrich, thank you for joining me.ato has been assessed the escalation of russian military action in syria and has doubled the size of its response force to send a message that nato is ready to defend its allies. meanwhile, syrian forces loyal to president assad say they have become a major offensive backed by russian air power against rebel-held areas in the west of the country. reporter: on the ground in ad is, president ass fighting back. the syrian army is advancing on rebel-held territory. this is what is making it possible. russian airstrikes. moscow continues to insist it is destroying terrorists. the west is just says that russia is targeting president assad's opponents. this video, which is unverified, appears to show a rebel group using american weapons to stop the advance. in this conflict, america and russia on different sides. but moscow insists it is not seeking confrontation with washington. game.is not an olympic we don't want to have a kind of competition with america on something like that. this is ma

. >> walter is paying a visit to a "patient" in the canton of zurich. that's what he calls the people he counsels. he's known helga herk for years. she's 77 years old, and has been suffering from pain, paralysis, and seizures for 17 years. helga herk: my neighbors know that when they hear me scream that means i'm in pain. , now my bladder is done for, and i have to wear diapers all the time. but the main reason is that i can no longer walk. >> now helga wants to sign the statement of intent to commit assisted suicide. her husband who doesn't want to appear on camera and her children are present. helga herk: two days ago, my son started to rebel. i've said it's time, and that this is what i want. maybe in two months, maybe in six. but at some point, i'll want to go through with it. walter fesenbeckh: i won't ask, and the initiative will have to come from you. >> over the past year, walter has assisted 12 people who wanted to commit suicide. the pensioner provides end-of-life care as a volunteer for exit, a society that helps people with terminal or sever

zurich district court has rejected presidential hopeful request to temporarily lift a ban on conduct. the billionaire wanted sanctions set aside so he could campaign to become the fifa's new leader. the fifa presidential election will go ahead as planned on february the 26th a decision made at an emergency meeting in zurich, and it is from there that lee wellings reports. >> an emergency meeting in zurich, notable for those who weren't in attendance, including the suspended sepp blatter. the organization temporarily led by african with it's executive committee including influential, left to put on a brave face, and pick up the pieces. fifa's decision to press ahead with the new president they have taken such a batters nobody would represent them on their multitude of problems. the statement confirms candidate whose are subject to a ban from taking part in football related activity will not be processed as long as such a ban is valid and in force. the door left slightly ajar as they will reconsider whether the ban is lifted in time. in a letter seen by al jazeera, asian football presid

>> well, the ethics committee has been locked in talks since monday in zurich. we understand that this is a recommendation that he be provisionally suspended for 90 days and he will be suspended by thursday. this has to be rectified by thursday. and at which point we expect a man who has within running fifa since 1996 to be suspended. >> as we said, provisional suspension which could be made official by thursday. >> why do you think there are so many question marks. why is it taking the ethics committee so long to discuss it and come up with this if they do go ahead with it. >> well, he's not officially being charged. he's seen to investigations basically they have reports where this payment which they claim was paid to michel platini, he has not been charged yet, but this matter has been sent to the committee. and they'll decide on appropriate action. he has been seemingly untouchable the last few weeks but now the wall is closing in on seth blatter. >> we'll come back with more on sport. thank you. >> greek police say they've broken an international criminal w

. >> i'm lee we willing in zurich where an emergency cause this is dilemma. can fifa appoint a new president by february? >> as promised here is robin with sport. >> thank you very much. dominating world headline, the developing story is that athis zurich district court has reje rejected the suggestion that they lift a six-year ban on its conduct. he wants to campaign for th football's governing body new leader. the election will go as planned in february, lee wellings reports. >> an emergency fifa meeting. multiple for those who were not in attendance. the beleaguered operation temperature temporarily led. they're taking such a battering no one would answer questions. the door is left slightly ajar for platini. the deadline for candidates remains next month, october 26th. in a letter seen by al jazeera, asian football players have asked people in the confederation whether they think he should run. if he does, he will be the favorite. ahead of jordan's princally. ali. they have decimated the power base of fifa. the current fifa committee still without blatter

and we are really talking about mega threats here. >> but in zurich, blatter's lawyers issued a firmection of the call. they said that blatter's resignation would not be good. last the u.s. attorney general who filed first criminal charges again the fivea officials said she expected others to follow. >> i'm grateful for the significant cooperation and the substantial evidence that we have received from all borders. based upon that cooperation, we do anticipate pursuing additional charges against individuals and entities. >> blatter has said he will leave following an orderly succession, but the favorite to take his place is suspected of receiving what the swiss prosecutor called a disloyal payment of $2 million from blatter. platini defended the payment and said he will stay in the race. they have urged retired german football president to be named as the temporary successor for blatter. >>> a look at how news outlets. the u.k.'s independence says the west thought putin would do the right thing and now syria is about to experience chaos on a whole new level. the editorial stresses th

that money was then moved on from geneva to zÜrich where he had his account, and never popped up untilrecently. it is not unusual that federations send money to feed because they want to help smaller developing nations will their sporting infrastructure. that is what they have said that they did. they wanted to help smaller nations. but it is all very murky at the moment. one thing they said on friday that they will investigate. sarah: i sure this is not the last we will be hearing of this. q i very much. thank you very much. in other news, turkey says they have shot down an unidentified aerodrome -- the drone in airspace just north of the syrian border. it supposedly shows the wreckage of the aircraft. they have also released this image of the drug. the turkish deputy prime minister says the plane was shot down all of nato rules of engagement. but russia disputes that. it says it did not have any roads in the area. dan w correspondent dorian is joining us from incidental -- istanbul. bring us up to date with the latest. >> there are no confirmed developments. they described it as a fl

>>reporter: but in zurich, blatter's lawyer said his dep depar -- departure now would not be helpful. last month the u.s. attorney general who filed the first criminal charges against fifa officials said she expected others to follow. >> i am grateful that a significant cooperation and substantial evidence that we've received from all borders. based upon that cooperation and evidence we do anticipate pursuing charges against individuals and entities. >>reporter: blatter has said he will leave following an orderly succession but the favorite to take his place, the uefa president is expected of receiving a disloyal president of $2 million from blatter. he defended the payment and says he'll stay in the race. the former head of fifa's independent governorance committee has -- >>> brazil's president has resufficientlied her cabinet -- reshuffled her cabinet and cut minister salaries by 10%. this >>> in nepal, 45 people have died during weeks of protests against the new constitution. more than two-thirds of the deaths happened in the southern plains. the area has been under enforced shutdo

fifa's thought brass met in zurich and it is fair to say they had their backs against the wall. the governing body has been shattered by scandal and many are threatening a pullout and to take the money with them. for the first time in 40 years the executive committee voted to boost transparency and to change their leadership structure. here is more. reporter: the eighth but executives and knew they had to deliver answers to the organization -- the fee for executives knew they had to deliver answers to the organization. the election to replace sepp blatter will go ahead as originally planned february 26. there will be a maximum 12-year future term limit for presidents and michelle platini's's bid will not be considered as long as his suspension is in place. the 24-executive committee members are appointed by the worldwide football organizations as they in turn elect the president. collectivelythey determined the -- they determine the movement of billions of dollars. executive committee has seen eight resignations due to corruption allegations. several others have left and new mem

. >> in may, swiss police arrested seven top officials from zurich. f.i.f.a., it was revealed as being investigated by united states police. blatter went on to win an electi election. last month swiss police said the 79-year-old was the subject of a criminal investigation, accused of making what is described as a disloyal payment to the head of european football. both men demy wrongdoing, michel platini has been suspended, seriously undermining his ambition to succeed blatter: the frenchman said that in his own statement: his immediate prospects appear bleak. >> the ethics committee that suspended him, you can't see a way in which he can go forward, and you think u.e.f.a. start to think about who they can fine for a new candidate. >> another successor was a former f.i.f.a. vice president. the committee hit him with a 6-year ban. >> he may hand over power, buts it's hardly the end game he would be hoping for. >>> more on the f.i.f.a.... [ ♪ music ] >>> the next speaker of the house will not be kevin mccarthy of california, house republicans met from be

he was arrested in zurich earlier this year.s challenging his extradition and has 30 days to appeal the decision to send him to the u.s. >>> federal and state investigators are now looking into a possible second computer program that could have given false emissions results for volkswagen's diesel cars. the ceo yesterday acknowledged the use of a cheat software. lisa stark reports. >> this hearing -- >> reporter: the head of volkswagen of america faced rare agreement from both sides of the political aisle. anger and disgust. >> vw has betrayed a nation. it's time too clean it up or get off of the road. >> the auto industry has deliberately chosen to create lies. >> vw has admitted to deliberately installing software on many of the vehicles to cheat own missions tests. michael horn offered his quote, sincere apology. >> we at volkswagen take full responsibility for our actions, and we are working with all of the relevant authorities in a cooperative way. >> reporter: investigations are underway to determine who knew what when. bu

. >> in zurich, blatter's lawyers issued a firm rejection of the call, saying that blatter's departure would not be in the best interests of f.i.f.a. nor advance the process of reform, and he will not resign. last month u.s. attorney-general loretta lynch who filed the first criminal charges said she expected others to follow. >> i'm grateful for the cooperation and evidence that we received from all quarters. basted upon that cooperation, we anticipate pursuing additional charges against individuals and entities. sepp blatter will leave following an orderly success, but the favourite to take his place is reported of receiving what the swiss prosecutor called a disloyal payment. he defending the payment and said he'd stay in the race. the former head of the committee urged the retired president to be named as blatter's temporary successor >>> now. the kenyan government has begun a nation-wide campaign against the country's drinking problem. dozens of people die every year from consuming illegal home-made brews, and alcoholism is a major issue. >> this is not an ordinary group therapy s

his lawyers issued this statement: in may, swiss police arrested seven top fifa officials in zurich onus corruption charges. fifa, it was revealed was also being investigated by yooigs police. blatter went on to win a presidential election, but days later said he would be resigning his post. last month swiss police said the 79 year old was now the subject of a criminal investigation, accused as making a dismroil $2 billion payment to the head of european football. while both men deny any wrongdoing, platini has also been suspended for 90 days, seriously undermining his stated position to succeed blatter: his immediate prospect, though, appear bleak. >> the ethics committee has to check his credential, so you can't see any way he could go forward. >> reporter: another potential successor was former fifa vice president of south korea. but the ethics committee has hit him with a six-year ban. blatter may yet be able to hand over power on something like his own terms, but this is hardly the end game he would have been hoping for. >>> prosecutors have raided volkswagen's premise across germ

the decision was made in zurich on tuesday.nd the uefa president, michel michelle prat tiny are serving 90-day bans. >>> a tropical storm has called major damage in the philippines. wayne haye visited one of the evacuation centers. >> reporter: in the cool mountains of northern luzon in the middle of a storm, a warm bowl of soup is a perfect meal. like tens of thousands of other people affected these children have come to an evacuation center set up in a school. it is providing food and shelter from those who have been forced from their homes. >> right now we don't have electricity and we lack water. because there were many electric posts that were destroyed. >> reporter: while the winds associated with this storm dropped quickly as it moved across land, the torrential rain is lingering. so far this storm seems to have caused relatively minimal destruction, but there remains a major concern in the hills. the water may continue to flow down the mountains for sometime, meaning for those living on or below them, the danger of land

. >>> members of fifa executive committee started a meeting in zurich discussing to delay the presidentialor not. >> reporter: emergency executive committee meeting taking place first in 17 years and not presided over by blatter, the president suspended of part of the nonstop turmoil and chaos around fifa over these last few months and years and what would narrowly might be an honor for african the first, african to take charge of fifa and couldn't be more difficult circumstances and he and the executive committee need to absolutely decide is whether they should deny the presidential election from february 26 and can't -- candidates have to declare in a week's time and is the president, he would be favored to be fifa president and can he stand and he hazard been saying do you think i should do this and go for this but outside of fifa says anyone within football properly reform fifa and it needs to happen externally. >>> sexual abuse in schools in ecuador is becoming a widespread problem and last year almost a thousand girls under the age of just 14 reported being abused. in fact, it has be

at his headquarters in zurich, but if estebanned for 90 days, bearing in mind he said he will resignhose elections in february. that ban will take him up to january. if they need more time the investigation committee can ask for another 45 day extension taking him you want to time of election. the only way he can stay in power is if there are no other candidates at that election and he's make ago i pretty good job of discrediting people who could be the election. he sees himself as the man would to hands overpower in his own terms. >> always looks so very re laxed despite all the allegations and investigation hanging over his head watch does this mean, if the suspension goes ahead what would that mean for the presidential, fifa presidential election next year? >> okay, so he would be -- wouldn't be involved until the end of january. he could return to power for a few days, weeks before that election. the other key man who was due to -- was the big fave toyota take over is michelle pitino mention ed in that report. now, at the moment the swiss police have said he's not the subject of

she joins us from zurich. it seems to be more important with the earnings actually are.hat did you learn? down, and heet gave me a half an hour of this time to talk about strategy. the strategy is very clear, we were expecting it because there have been a lot of leaks from the press. 6 billion is what he is aiming for. the cost cuts are a little bit bigger than what we were expecting. also, he is streamlining and we organize in the bank. hoping to ipo the swiss bank in 2016. i tried to push him on whether and it comfortable, really tried to push on whether he was sure this was the only safety cushion he needed. is always there, because you have to be efficient, no matter what. we believe that taking the is a veryith regard serious decision and not something we do lightly. we would like to keep that at a minimum. self-help, wel are rightsizing, we're cutting macro by 72% in terms of labor. that will free up a lot of capital, we reduce the capital consumption, we are cutting 0.8 of that is already in the bag. initiatives,ng new all i can say but these numbers they arere an

angie: china construction bank zÜrich,a shingle in granted a license to offer commercial banking servicestzerland. the bank has been on an international push, beginning operations in paris, amsterdam, barcelona this year. ,xtending declines in hong kong the most in a month. las vegas and in gm also dropped. macau hit back at steve wynn's criticism of policy. he complained casinos were not told how many gaming tables they would be allocated, sing the policy is outrageous and ridiculous. the macau government summoned casino representatives and demanded total compliance with the rule. already battling pollution in , aonesia, a new blow jakarta-based retailer says it may not be able to service it that -- it's debt indefinitely. it is the asian destination of choice for companies. next, at, coming up rookie, a mistake, and how $6tsche bank almost lost billion. all the details win "first up" returns. ♪ angie: all right. the skies are a little clearer over the lion city as the air pollution index drops to 129 from 191 overnight. on your tv, on your mobile, and online, you are watching "first up.

banking to be more zurich-like. ubs, is it a simple -- davide: the answer is not more leverage.excuse me -- more cash. davide: more cash, less leverage. the market starts pricing at a higher level, a lower base of earnings. level ofto have a high earnings, and the multiple caps were shrinking because in reality we were taking that profit thanks to leverage. now leverage is shrinking, and the value of whatever is less will go up. the branchot see system across europe like we do in america. what will the courage being in terms of layoffs? tens of thousands or hundreds of thousands? structural change, i think of industries that fundamentally changed, like phone systems. davide: i am with you on this. u.s. banks -- if you see the footage inside the wells fargo banks, it shrank by 80%. -- they make two or three branches, and then they have marginal ones. that has not happened in europe yet. it is going to happen. the winners are the ones who havestand this, and i branches in the nordics. they have already cut 40% of the branches. francine: if you look at it this way, there is the u.s

he does not see any secret service yet, which means zurich is still truzing. >> canadien. trying to hold onto i see job. . stocks in the u.s. were in the green today. the nasdaq was up 19. >>> this is a fox news alert, fox news now confirming south african olympic runner has been released from prison and now faces house arrest. will he or won't he? the joe biden presidential decision, but hillary clinton with dig big >> and reassurance. >> i'm not in any way suggesting or recommending that the vice president accept any timetable other than the one that is clicking inside of him. he has to make this decision. >> i'm not going to comment on what joe's doing or not doing. i think you can direct those questions to my very able vice president. >> well, three sources now telling our own ed henry that joe biden is expected to get in this race. when is really the question, but that he is expected toin, something he said tomorrow raised some eyebrows when clinton was asked about her favorite enemy, if you would. take a listen. >> darrell isa, not a republican friend of mine. he's a

meeting in zurich, and the 90 day provisional suspension is expected to be ratified on thursday. if he's suspended -- will take over the presidential duties. blatter is the target of an investigation by swiss prosecutors into criminal mismanagement. placing him in the presidential elections, and he's being questioned over payment in 2011. june is also facing a suspension of an ethics breach, and he's planning to sue blatter for embezzlement. >> [ unintelligible ] for blatter to get paid without approval. embezzlement. that is why i plan to sue mr. blatter for his embezzlement." even after announcing his resignation, mr. blatter would like to stay onto oversee the reforms in the next presidential election. the target of reform, mr. blatter, should not be allowed to oversea the reform process. mr. blatter is a hypocrite and a liar. >> they can't decide where it should be held. the match next tuesday had to be rescheduled to a place in the west bank, but the saudis have refused to play because of unusual circumstances. they would have to travel through checkpoints to play. and pales

kerry brown has more from outside of fifa headquarters in zurich. >> the aim of this election is to bring transparency to fifa, but it's been another day of intrigue and confusing messages. the main story this morning was that sheik salman and the president of the asian football confederation was going to run for the presidency here. he before has thrown his backing behind michel platini, but with him now suspended, he said he had been encouraged to run for the presidency himself. that followed, then, uefa holding an emergency teleconference in which uefa put their weight behind gianni infantino. it really does suggest that uefa fear that michel platini will not be able to run in this race, to be the next fifa president. >> pakistan beating england to take the 1-0 lead in the three-match series. england started the day needing 491 for the win. they couldn't handle pakistan spinners. the stand out performer on day five. so somewhat resembling messi. >> in both innings that's where i think there was a difference between the two teams. they just gave us took the game so close. but that's the

he does not see any secret service yet, which means zurich is still truzing. >> canadien. to hold onto i see job. . stocks in the u.s. were in the green today. the nasdaq was up 19. >>> this is a fox news alert, fox news now confirming south african olympic runner has been released from prison and now faces house arrest. will he or won't he? the joe biden presidential decision, but hillary clinton with dig big testimony. . there's only one egg that just tastes better. so fresh from the farm. delicious. perfect. only one egg with more great nutrition... like 4 times more vitamin d and 10 times more vitamin e. and 25% less saturated fat. only one egg good enough for my family. because why have ordinary when you can have the best. eggland's best. the only egg that gives you so much more: better taste. better nutrition. better eggs. >> and reassurance. >> i'm not in any way suggesting or recommending that the vice president accept any timetable other than the one that is clicking inside of him. he has to make this decision. >> i'm not going to comment on what joe's doing or no

. >>> we have more from outside of fifa's headquarters in zurich. >> the aim of this election is to bring transparency to fifa, but it's been another day of intrigue and confusing messages. the main story this morning with sheik salman was going to run for the presidency here. before he had thrown his backing behind the you fay with a president michel platini, but with him now suspended, he said he had been encouraged to run for the presidency himself. that followed then you fay with a holding an emergency executive committee teleconference in which uefa put their weight behind gianni infantino. with platini suspended uefa fear that p latini will not be able to run for the next fifa president. >> after winning in action packed grand prix, showing his skill as both the start and finish of the race i austin, texas. >> louis hamilton's crew was just as excited as the driver was on the austin circuit. >> three times champion. >> it's the greatest moment. >> the greatest moment of his life was set up by another one of his greatest drives. qualifying in the race to place within hours of each ot

. >> joining us for the z-block is david zurich from "the baltimore sun."ired up on this movie. i think thinks one of the biggest journalistic embarrassments of all time. what's your view? >> i'm upset the movie. i wanted to not be upset. you and i went head to head as reports, so we are both deeply steeped into this this movie. i think there's an easy way to get through all ideology is this was simply really bad journalism. that clip when he says we need somebody to confirm the memos, that's what they didn't do. but the movie has him saying do it, and they didn't. >> and the memos supposely written 30 years earlier. why would robert redford who played in one of the great newspaper movies of based on a book by mary maipz fired as a producer over this story and rather lost his anchor job. >> i have no idea why robert redford and cate blanchette, this is not a cartoon movie. this is a serious production. redford is the power of the movie. here's the scene that really got me. at the end everybody is caving on this and dan rather is making all these speeches ab

more from outside fifa headquarters in zurich. >> the aim of the investigation has been to bring transparency to fifa. another day of confusing messages. the main story is that sheik salman the president of the asian confretion wa confederati. with him now suspended he said he had been encouraged to run for presidency himself. that followed uefa holding an emergency executive committee teleconference. , running to give credibility and strength to uefa with platini suspended it really does suggest that platini will not be able to run in the race to be the next uefa president. >>> 1-nil lead in the three match series. england started the series, they couldn't handle pakistan spinner, finishing on three for 53. yassar shah, somewhat assembli g the uefa star. >>> final day on 20 for one chasing 244 for win. while the user started aggressively they collapsed with sri lanka's spinners. intoalg oubowling out for 171. >>> dicive loss to westham on sat. he's been charged over his language and behavior towards the match officials. >>> second seed garbine ilorusu has won her first match, the spaniard wh

our correspondent lee wellings is at fifa's headquarters in zurich. >> in other circumstances this could be a real honor for efa haiatu, to become the first africa to become president of the football world governing body. big decisions, the main one whether the presidential election should be moved from february 26th, to turmoil and chaos around the organization, to president sepp blatter, his term finally looking to be over. the reason was a disloyal payment, payment of $2 million, contract that wasn't really a contract, it wasn't written down, a gentleman's agreement says mr. blatter. reel problems, he is suspended for 90 days and his hopes for being the fifa president now look in real trouble. how and when will he actually trowrng thireturn to this fray? controversial awarding the world cup to russia in 2018 and are qatar in 2022. allegations of corruption in that country, a real mess to efa haiatu in and his board. the asia football president the man from bahrain whose human rights record is being questioned, to the many we already have, is he going to announce officially that he wil

his lawyers provided this statement: in may, swiss police arrested 7 top fifa officials in zurich onarious corruption charges. fifa it was revealed was also being investigated by united states police. blatter did go on to win a presidential election, but days later said he would be resigning his post and a new vote was set for february. last month swiss police said the 79 year old was now the subject of a criminal investigation, accused of making what is described as a disloyal $2 million payment to think head of european football. while both men deny any wrongdoing, plat tinny has also been suspended for 90 days, seriously undermining his stated ambition to succeed blatter: his immediate prospects, though, appear bleak. >> the ethics committee that just was suspended him has to check his credential, so you didn't see any way that he could go forward, and you have to think that uefa is already thinking about who will be their next president. >> reporter: blatter may yet be able to hand over power on something like his own terms, but this is hardly the end game he had been hoping for.

let's get out to carolin roth following this story from zurich. some of the changes were expected yet the stock is down today. were investors looking for more from the new ceo? >> that could be one of the reasons. many were hoping for a bigger overhaul. maybe there's a little bit of profit taking because shares have run up quite a bit after he had been announced and maybe there's a little bit of disappointment that the earnings are bad and i'll get to that in a second. but you mentioned the key takeaways from that strategy overhaul. that's on the lower end of expectations but he told me this is going to be enough to fulfill the regulatory capital needs. also we see in the pivot toward the private bank in asia that's where he sees so much potential and finally we're seeing significant scaling back in the investment banking unit so in a way it mirrors what ubs did so they did it three years ago, didn't they? many people said that credit suisse was behind the curve but we finally got the big strategy overhaul. the big question out there is will profi

he was one arrested in zurich as part of a u.s. investigation into alleged football corruption. another will appeal his suspension to get the sanction overturned. the south korean was banned for six years by fifa's ethics committee on thursday. it also band seth blatter for 90 days. >> brazil lost their opening world cup qualifier, going down to south american champions chile. the fans celebrated long into the night in santiago. they're team were 2-0 winners thanks to second half goals from vargas and sanchez. >> argentina clicked off their campaign with a loss to ecuador, stunning them 2-0. columbia and uruguay both winning. >> the spaniard will now play in his first hard court semifinals as he takes on italy next. >> to major league baseball, the texas rangers beat the toronto blue jays to win game one of their american league division series. robinson hitting a two-run homer to lead the rangers to a win over the belongs. the rangers take the best of a five game series. game two will be in toronto on friday. >> they play very well together. they love playing the game of baseba

. >>> lee wellings joins us now live from zurich. the ethics committee has made some decisions tell us about that. >> reporter: barely goes by without more activity. and this is going to come from the ethics committee on wednesday. remember, the ethics committee set up independently, desperate to prove its independence for years. sepp blatter played a part in setting it up. they want to use the transparency that the executive committee have allowed in their meetings. they can use this by giving more names. there could be as many as 80 names, i'm hearing. how will the ethics committee then go about getting as much information as they want while still protecting some of the information they need to hold on to. they are investigating things before making decisions, so they can't give all of the information we might want. will there be further revelat n revelations about blatter and platini, we're not sure. >> yeah, more drama there. for now, lee wellings thank you very much. >>> tuesday's season's returns to action. carey brown is at th

jeff from zurich. manus: niall ferguson is still with us.opic we didn't manage to get to was china's devalued currency. landing, softhard landing -- the reality of where we are. chinaback to kissinger, hit upon spot and -- how do you think this'll play? niall: the strategy that can't -- he many westerners spends time with xi jingping, having one-on-one meetings with him. i think the chinese leadership is at a crossroads. they no longer are as focused as they previously were on economic growth. they have been pursuing other objectives, not the least of which is a geopolitical one, to expand china's reach with the one built, one road. wholel exports and a bunch of countries across central asia into africa, even as far as latin america. there was a big tension between that geopolitical goal in the old growth goal of 7%. that tension finally produced a small but nevertheless significant devaluation. kissinger has made it clear that the chinese are concerned about their own strategy, and about american strategy. francine: thank you so much. eilla

and at fifa and his first day on the job in zurich and takes over bladder on thursday and reiteratedfocused on the president to the presidential election and supporting the current investigations. world number one yanukovich was taking on lopez and yanukovich losing five games in total to a five straight win and will be in the last eight. and yanukovich will be joined in quarter fines by nadal and had to work hard in his match and winning straight sets he wrapped it up by clinching the tie break in the second. new zealand brandon has told a london court his former teammate asked him to spot fix matches back in 2008 during the indian primi league and said he declined the offer, cross examination said it took to 2011 to report him to the international icc and faces perjury charges stemming from a successful 2012 libel action against modi the former head of the indian permi league and fixing matches in a tweet this 2010 and accused of lying in that case but he said he never cheated. england trailed pakistan by 233 runs with 7 wick ets in hand after the third day action after the first t

both switzerland and the usa launched a spectacular raid on fifa's executive committee meeting in zurichnization has been in crisis. despite everything, the president is unmoved even though he's also under investigation from fifa's ethics committee. he will not surrender his office. he now only speaks through his lawyer, richard cullen, who responded on friday by saying, "mr. blatter respectfully disagrees and believes firmly that his leaving office now would not be in the best interest of fever anor would it advance the -- fifa, nor would it advance the process of reform and, therefore, he will not resign." though they're speaking out, it remains to be seen if they're prepared to back their words with actions. only if they threaten to pull money out of fifa will these statements really mean anything. don riddell, cnn. >>> well, it's been a big week for mars. topped off with a new movie about the red planet. we'll have an inside look at "the martian." growing up, we we. we danced in a german dance group. i wore lederhosen. when i first got on ancestry i was really surprised that i wasn't

here, it has a lot to do with consumption worldwide. .ou want to go to zurich are you kidding me?40 more than it is in new york. the growing -- you are looking for the winter ahead and you get these huge boatloads of chinese that come over and fill up their suitcases. francine: i love it. we are keeping it real. , would you rather be at bank of england or the swiss national bank? erik: they are both nightmares. you cannot render monetary policy in a small economy. --, read it, learn it by heart. it is the best paper written on the issue. i would rather be at the bank of england. the swiss national bank is dealing with extraordinary flows. erik: i thought you said they did right by buying all of these equities. insight today.he the island mentality of smaller nations makes for different economics. francine: up next, norway's prime minister, ernest oberg -- erna solberg. ♪ francine: this is "bloomberg surveillance." ahead of the climate change summit, the norwegian british .hamber of commerce gathered joining us, erna solberg. oilmuch do you worry about and how much can you see into

blasberg wanted to be bigger and bolder, no longer just that quiet gentleman commodity trader in zurichhe leveraged up and got $30 billion in debt. he took too much on. will: the interesting thing is , youyou take a miner widen out the bad times. but the real essence is that it's not working, clearly. has is a lot of mines which the world doesn't want so much of these days, and it is .ard to trade in a bear market manus: the interesting word you use was humbled -- let's be humble in terms of our ability. urged,u have been hell someave to show st utility -- what do you think glencore has learned? will: i think i have learned the power of communication. monday, everyone was asking what's going on. tuesday, put out a statement and it starts -- a lot of effort into communicating with the press and banks and it is starting to work. manus: we leave it there. bloomberg's, managing editor for energy and commodities. coming up, the french startup company that won the investors all-star award. we will explain what that means, next. companies, the lady who presented the award. join me on twitter.

john talks, the head -- john cox joins us now from zurich.ompare to what we heard from nestle? guest: after nestle's disappointing figures on friday, this is actually a very positive news. consensus was expecting somewhere close to 4% organic sales growth and they came in at 4.6% so a decent result in that comes on the background as you mentioned against poor figures from nestle on friday. anythings this tell us about the story on the ground or is this way too specific around dano to give us a bigger picture? guest: it is a very complex environment in china for most of the companies operating there. what you're seeing specifically is a whole boom in foreign infant formula with the chinese coming to europe and buying cans of infant formula taking it back to china and selling it on various internet platforms there locally because of the concerns that the local chinese have with locally made products after a few contamination scares. this is something very specific because it has all the premium european brands and benefits more than some of the