Numbers and not much out of asia on the run will stop it is wednesday and you have a few stocks going in london. Keep an eye on that. Vodafone is one. We have a few airbus stories to talk about. Ons find out what is going with caroline high that the touchscreen. We have that yesterday and today, we can see the board. Similar moves in spain and italy. As we know, we are near the sixyear high. A record high in the united states, when it comes to equities. Its is more of that, when comes to getting into the riskier aspects. They are trading near a fourmonth low. 10 . Just off by overall, we are starting to see the analyzing of stimulus and of what the ecb did. Ares pushing lower and we seeing money going into the u. S. Dollar. The money is continuing to come out of u. S. Bonds and we are seeing optimism on u. S. Growth there. Even the world bank came out earlier today and cut Global Forecast for 2014 growth. In the u. S. And japan. In brazil, and russia, and china full and china. There still seems to be yields up. And it still implicates that the u. S. Will put the brakes on stimulus and we will see fewer bond purchases going forward. Board,le, across the whether it is italy or spain. Lets have a look at the notable movers this morning. You were talking about airbus. Screen, foricular some reason, it is airbus. It is down. You are seeing it on the board. Why . 21 billion is why. That is the size. They have canceled the order and each is worth 295 million. You have 20 airbus airplanes being canceled. The has no effect on the engine maker, rollsroyce, as well. That has an effect on the engine maker, rollsroyce, as well. Oil demand. They are running down inventories by resilient and the Petrol Company over there. They could slump. Keep an eye on that. Profit is down seven percent. A surprising drop in profits. It has been anticipated and there have been worries by the analysts in the emergingmarket currency. There is week this that we are seeing. Thank you very much. Hyde with theine markets. We are joined now stop good morning. Lets talk about government bonds. In europe has tightened up significantly. Yes. We are talking about that and emergedk and friday, it and yesterday, spain. Lower than the u. S. Government bond. Were talking about an incredibly low yield all stop they still have room to run. Spain, for many months. Newsnot see any positive pushing this. Obviously, it is a direct consequence of the ecb and a consequence of a lot of positions. Be some room may to tighten. Talk about maturity. He has been down. You have some of the longer data. That is scary right now. There is no need. And, thea big risk Duration Risk will be the main thing we should focus on. Way,e risk seems to be one at the moment. Yes. It is likely. They could be returning. Having said that, i think that Corporate Bonds are better and compared to government bonds. Will push investors into riskier areas and we are seeing the of facts on equities. It is the effect on equities. There are local currency bonds and emergingmarket bonds. Maybe market bonds. You have to keep in mind that there is higher inflation and the deposit is at 1. 5 . It could be a carry trade currency and we have seen that increased slightly this year. It could be a good destination. Significantly more of that. Depositing and equities. What we see it go higher . This point on. It has to find a home somewhere. Equities have been a liquid market. But yes. It is attractive. The consensus in the market is that things will they very stable over the summer. I am not sure. The one thing that is for sure is that the markets will be liquid. This put pressure on ceos and cfos to increase dividends to drive the dividends . Im curious how they will use this money. You have to be rewarded for the high yield. There will be more share buyback, that is for sure. We see it increasing this year and we the highest in 14 years. Arai. We will see you all right. We will see you in a moment will stop we will continue when we get we will see you in a moment. We will continually get back. Good morning. Welcome back. I am guy johnson. We have it all covered. Lets talk about this morning. One year worth of games. This is a steel tube maker. Pivotal if you are an energy supplier. These guys. They are able to forecast and this is prompted a range of cuts for analysts. In terms of the cuts that we have seen, the cut to neutral and jpmorgan has gone from neutral to underweight. That caught a few of the analysts by surprise. Lets stick with the theme and opec leaders. We spoke to the oil minister in an exclusive interview. Incident in the development and countries is enough and we have from the countries to overcome. Impactt foresee a major on the production. Lets go to Ryan Chilcote. Over to you. That special guest is from Prestige Economics and is in nine different categories, including the euro, the pound, the swiss franc. Good to have you. With mark twain. In 1897, he says that they reports of my death was an exaggeration. That the case for opec . What is your take . For the global oil market, i think opec is relevant. Portion of Global Oil Supply that is important impossible to ignore. It can affect how the price looks. Talk to me. Everyone is watching these pixels these pictures. Does what is happening change things at all . There are concerns about the price situation right now and we iraq andtuation in iran. I think there are a lot of Different Things right now. Arabia rampg saudi up production. Supply and demand is what these guys look at. Atl us what they are looking right now. Sure. Whaty has a lot to do with we are talking about. Since we are on the demand side, what we are more focused on right now, we look back and we saw Global Growth a little better than last year and europe is not in a recession, unlike the last couple of years. They are recovering. You will see u. S. Growth in chinese growth. You are still going to see 7. 5 chinese growth. They are happy. They are happy. You have an emerging middle class in emerging markets and there continuing to grow over time. There is chinese growth at seven percent or eight percent. Demand yeare oil after year and that is positive. Im watching the oil price, what happened i priced in . There are surprises. They are on the supply side. I think the first thing that will be sick if they get is a deal coming with iran. If a deal comes through where a deal with their nuclear program, you would have to see saudi arabia price down and in the intermediate, you would see the price go down. Brands. Uld go 100 for brent. Been 95100 15 for the year. 115 for the year. Very close to last years range. Thinkingeople are not about the Global Economy heating up and it is tough to predict how high it will go. That is the other thing. Thank you very much. Jason with chris d. H. Economics. He gave us the take on the oil ministers. Back to you. Thank you very much. Ryan chilcote joined us. Lets conversation. The oil price is stable, at the moment. Anything that would change that . This is a tax on Global Growth. Global growth is not me that. Is there anything in your mind that upsets the trajectory . No. Arabia and iran will not anytime soon. Libya is in a lot of trouble and we are seeing many productions. Predictions. The productions are in different areas. We see the market. Significantly to the upside . We could see it . Today, we have a downgrade from the world brent world bank. Thedemand is growing and discovery has been made with a high average price. It is not cheap. Now, there is not a lot of identity, i would say. Ok. Thank you very much, indeed. 201420 15 operating forecasts and we will talk about that. We will stay with the transport theme. We are heading into brain. We are joined on the taxi rally. What does it look like down there . Hello. Stevenpeaking to mcnamara, the head of the london taxi drivers association. Thousands will turn out in these chaos and anuse enormous amount of gridlock. E says he will not be deterred he says the issue is not to. The issue is overregulation. I will be back. We will have more. Welcome back. It is not a great day for transport companies. They cut their operating forecasts for reasons relating. O strikes there are further strikes. Pilot strikes. Etc. They are trading down nearly 10 as a result of that. And, the operating results are around one billion euros. That is a significant downgrade of the forecast and the stock is being pummeled. I said it is not great for european transport. Lets bring you what is happening with airbus. The shares are lower after emirates pulled the plug on aircraft orders. They canceled their entire order. This is the new widebody that airbus needs to work. It has already flown and is beginning to ramp up now. We are joined from dubai. What is it about this plane that they do not like . He has said that it does not fit within the specifications that the country put through and some analysts are saying to us that the delivery of the plane that blame for the fact there was a cancellation. Emirates ability and schedule for expansion would need something faster than this. What does it mean for airbus . Maybe they have taken this airplane. They have had a few grumbles about it and are still on board. What impact will it have . Definitelyey are going to have a below, for sure. They are trying todownplay the cancellation. Confirmed the planes and still believe in this plane. Time, they believed ththat this pipeline is healthy. The composition with boeing, definitely, it gives a leg up in the market. Order for theg 380. That may help. Exactly. May help. Theys had a big order and are the biggest aircraft operator. Certainly, emirates is a big customer. Thank you for joining us from dubai. John must have steam coming out of his years. Bag for retailers. H m is unveiling strong sales. Both of them are trading higher. This is a sigh of relief and many expected that the clothing retailer was affected by emerging markets currency. It was the in russia and we saw the russian ruble lose value. Sales are going to be hit. Big in japan. All this feeds into the numbers. It is the translation effect that seems to hurt them. Seems to be. Is still there on the ground and people still want to walk into the stores. People want to go in online and that is why they ramp up emerging markets. They say that they will open and south korea, mexico. Interesting that they are doing a stocks let in july. H m is doing well. He strongly the strongest monthly growth. A new venture and stores are starting to work. Thank you very much indeed. We will be back in a couple of minutes. See you then. Welcome back. You are watching on the move. The trading day and equities are starting to go a little bit. Not by much. We will have on employment data. Is frontport sector and center and the Energy Sector is front and center. Lets dig through all the stories we are following with caroline hyde. We have some key stocks to watch today. Look on the brighter side and there are a you out there. The us Monthly Sales since november. There are a few calendar affects their. It happens. This is a key stock to watch. They are down 10 and this is a profit warning that they are giving us for 2014 and what he 15. And expect business and 2015. We can expect this miss. Clearly, the currency is expected. This gives a plot a profit warning. This is a French Company that makes pipe for the oil and gas industry. They were hurt by the orders being delayed and running down inventory. There are explorers out there. They also delayed orders. As is a company that has to put itself on hold and run down their inventory. The profits are going to be off by 10 . Thank you very much. These are the top headlines. The world bank has a weaker outlook for the u. S. , russia, and china. The lenders are expanding at 2. 8 this year. That compares to an earlier forecast of 3. 2 . This contributed to a bumpy start for this year. The world bank blame the conflict in the ukraine for sluggish growth and they are meeting india to discuss the Oil Production and the uae voiced concerns about the conflict impact on gas supplies. Becoming ae, this is major issue and there is no solution. It is going to affect things because of this. I am hopeful that this will prevail at the end of the day and find a solution. That is the talk. It is set to restart any minute now. It is one day after the deadlines. Lets get more on the story and we are joined by Ryan Chilcote today to talk about opec and keep our eye on the deal. What are we expecting . Well, the thing is, will they come to a deal . Therussians announced that deadline would expire yesterday and they pushed it back to monday. The russians, the ukrainians, theyhe year pina union, have five days to come to a resolution with the european commission. It may take a few days to come to a resolution because it is not just about price. There are other issues. Within the last 15 minutes, the minister said that the ukraine for 1000 cubic0 meters. He says that we want a market price and will pay back our debts. The russian side insist that the ukrainians pay some of the debt before they discussed a market price. It is a chicken and egg that keeps going around. They have five days to work it out. The price looks like the russians are suggesting something in the upper 300 range and that is what a 100 discount would imply. There is more. Thank you very much. Ryan chilcote will be back later to discuss the situation around the energy story. Angry taxi drivers may be in the streets in protest. A company may help the traditional taxi driver. This is after the break. Make sure that you tune in. About Consumer Choice and increasing the quality of service that we provide two things numerous. We provide tot consumers. There is no reason why this will not continue. That was the general manager of mover in london. R in london. The biggest protest from taxi drivers. They say that it threatens their livelihood. We are in london. The next Guest Company may help the ride cap out. Over to you. Thank you. We are in the square and we are expecting 10,00012,000 drivers drive their square around drive their car around the square. Is part of a united front that we are expecting to the cross europe today. Of getre with the head taxi. Makesa global device that consumers connected with licensed cabs. It is a competing service with thank you very much for speaking with us. Thank you for having me. They say that they are going to have lack cabs be a new cabs be a newck option. It is a surprising announcement. What can i say . I wish them good luck bringing drivers on board. Judging from the motions, it may be a struggle. What is your reaction . We have no objection to the service. You operatehat within the law and we do that globally and successfully. All of our cabs are licensed. We like innovation and we are bringing innovation to the trade. Tore are certain rules safeguard consumers and they need to be respected. Areou believe that they operating without license cabdrivers and if they did, your issue would go away. To a certain degree. Yes. They could change their business model. We are an in between. Comply with a lot of regulation. They have to choose a specific car and do training. A safety track a safety check. And picking up people from the street. Consumer, when you get in a car and you are paying for a meter, you assume that this person knows their way around london and you will get the best price for the deal. I would pay a little bit less if you are less knowledgeable. From my experience, uber is cheaper. I dont know that is true. You can use express lanes. Absolutely. You can be in bus lanes. Is to use aegy simple app. Connection. Topeer on top of that. We have a dispatch. If anything goes wrong. Left we have a dispatch, if anything goes wrong, they are not left to their own devices. We are proud of the black isis and the service similar. We can do things on top of that. Imagine you are going at 5 00 in the morning. To trafalgar square. Were in a cab service. You can. Uber . E you been losing to not at all. Places. Resent in many we are a dominant player on the ground. You are not losing business and this is not about competing with uber. Why are you joining the protest . Not joining the protest. Many of your drivers are. Why do you support the resistance . Speechupport freedom of and every one of those drivers are individual entrepreneurs. They are trying to make money for their family and have to comply with a lot of regulation. Whether they want to or not, they have to. Somebody new is coming in and they do not have to comply with the same regulation. We are in london and the issue is that uber operates as if they have licensed taxi meters. There is opposition throughout europe and in the u. S. In each area, the reason is different. Isnt this about Something Else . You can look at this two ways. We have a legal way. Axi ft is using fully licensed regular cabbies. Issue isnk the different in all of those places. We asked one guy to jump every andle to revive a Service Somebody is coming in. It is not a level playing field. It is not a level playing field. We will be out here all day at 2 00 p. M. And ahead of the lending tax driving taxi driving association. Massive gridlock in central london. Thank you very much. Caroline hyde pointed out to me uber taxicab drivers have to be licensed. There is confusion around that. Shares are taking a beating today. They will be lower. Significantly lower than forecasted. In italy,actories germany, and hungary. The closures will result in 300 job losses. Loreal executive will be there. Reported a drop in process profits. Staying with drinks, the National Blues is on a verge of a tequilalike explosion. Product the finished with one of the top producers. Twice a week. It is raining and not raining. I was born here and i make the best in brazil. It is made from sugarcane. It energizes the body with sugar. It is happiness for all of the people. It is very good. It has a honeylike quality. It does not taste alcoholic. It runs in my blood. I drink all the drinks in the world and i love drinking. Is the main ingredient in the national cocktail. Last year, 9 million liters were exported. Mexico exports 20 times as much tequila. The producers hope that this puts it on the map. Many people are going to taste it here and i think they will like it. It compares with the best tequila and the best whiskey. People consider it a low class drink and it had an image problem until 2012. It was classified as rom. To make a rom, you have to boil it to make molasses and you hydrate the molasses. Purehis, you have sugarcane juice and you ferment the jews. When it is fermented, you have it. It ist is you recognized as a unique spirit and brazil agreed to recognize whiskey and bourbon. Jack daniels and i applied it. He smoothness cellars. F our i have it here. This is better. Yeah. For some people, that is true. We head into break and a picture of a stock on a move. They are really under pressure. Of forwardlashes guidance for 2014 and 2015. We are going to take a break and see you in a couple of minutes. Good morning. Welcome back. I am guy johnson. Lets continue. Look at what the players will be wearing. The chances are you will be decked out. Spend millions getting them on the high profile players. We spoke with both companies about the big football business of footwear. That is the best player in the world. R. I. M imagery at nike wants me to see his new shoes. This is a giant leap. The super fly is a silo. It is a line of shoes. I am curious about the approach. This is specifically for a player. Ists the modern game defined by four playing styles. You think of him and his game is about explosive speed. Based ond a product him and that style. Beat the world cup, he will wearing the super fly. Is an expensive investment. You can blow out a knee or have a bad year. They make a silo and move an athlete into it. Injured,ets old or they moved a new player in. Nike admits that there will never be an air jordan for soccer. Is it possible . The air jordan became something greater than issue. I think there are moments. I think the game is defined by key moments and we can link Product Innovation to t athletes and key moments, the magic happens. There is, no. Ns. There are cleats there are groups over the toes that make it easier to end the ball. In 2004, there was a limited run beckhamsr in david colors. The other guy who is the best player in the world has his own logo and not his own shoe. Next one. T to be the how do you do that . I want to be that player. This is my best friends son at soccer try this at soccer practice. If he wearshe kid adidas or nike. Half think he wears adidas and half think he wears nike. Lets see adidas. It does not matter that the kids do not know. At this age, the parents by them. When they have their own money, the silos and player style its styles will matter. Until then, it is enough to make sure that adidas knows who that is. Will be the american equivalent of football boots. They call it soccer. You play a sport that involves your hands. Anyways, just to translate. Here are stocks on the move. We will focus on the aviation sector. Is down. Airbus is down. Air of animated emirates has canceled an order. That,llsroyce is down on as well. That is it. We have been on the move. The pulse continues on bloomberg. Flying high no more, emirates scraps an order for the airbus a350. We are watching lufthansa. Shares slump on a profit warning. The battle for control over opec. Oil ministers are indiana as the fight heats up. We are live at its headquarters. Taxi drivers hit the streets. 0,000 protest against the uber we are live on the scene