Valentino tells us that is where the money is. Good morning, everybody. This 6 00 in london wednesday morning. Bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. David tweed is at the Frankfurt International airport following the private the pilot strikes. Caroline hyde is looking at the headwinds for the fashion retailer. Lets tell you what is coming up on bloomberg with the big interview. Numbers break next hour, we will get more from the officer. Cutive lufthansa is bracing for a threeday pilot strike kicking off today. The airline is calling it the most severe strike in its history. Live fromd joins us Frankfurt International airport. What kind of disruption is the walkout causing . One is the disruption to the flights, 3800 flights will be canceled. Lufthansa flights in german wings flights. The real price will be borne by the passengers, four hundred 20 5000 passengers estimated to be affect the by the strike 425,000 passen
Worst strike in history. We had the company estimating it is likely to cost between 40 50 million. That might make it hard to achieve their operating profit goal of 2. 5 6 million in 2015. Thank you. We will have more throughout the program. Much concern about profitability suddenly in rooting as they invest far more and are exposed to currency weaknesses. Very keen to shrug off the currency. Are unveiling a new tactic, and they are going to be changing pricing to make it more local. We suddenly see the currency weakness. Expectedoming far more for the australians to buy the product . Overall sales lineup 34 . Profits down 22 . Its all about capacity. They are just opening 2. 3 higher. Atthe kremlin lashed out jpmorgan after the bank blocked the payment of 5,000 from the Russian Embassy to a russian insurer. It was like jpmorgan was just trying to comply with u. S. Sanctions because the insurer this was going to look like it theat least partly owned by first and only russian bank ever
Shock. The underwriting fees are just 1 . And facebook looks to the sky. The social media firm says its using lasers as part of a plan to give the whole world Internet Access. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello and welcome to the last edition of Worldwide Exchange for the week as we come into this last session, you can see the Dow Jones Stoxx 600 we are up. Vapsers outpacing decliners by about 8 1 at the moment. The dow is really flat, just down five points. But its been down four out of the last five sessions. Right now, dow is called higher by 34 points. The s p is around 5 points above fair value and the nasdaq is up 14 points as you can see after being down 0. 5 yesterday. As we were saying, its the worst week since october 2012. So this is where we stand with those market moves. Flat for the dow, the s p down marginal marginally, the s p down another 22 points. What have we done yeartodate . The dow so far now down
About it. Just to confirm those breaking numbers, in the fourth quarter, first in the number es in at 26 point 03 26. 03 . That is a serious level of unemployment to deal with. Staying above 25 , that is the challenge. I am keeping an eye on the Swiss Company logitech. This is the maker of mice but they also a large portion of their business is in tablet accessories, music accessories and speakers. Upgrading their overall view in terms of guidance and sales. 2. 1 billion and their Third Quarter numbers actually be. Beat when that opens, we will get to it. Caroline, lets talk about easyjet. The business travelers are certainly being wooed. Because 20 of their tickets are business travelers. People want the fasttrack. Stock down more than 2 . Sales missed. They grew seven percent but there was tough competition. You have ryanair and Norwegian Air shuttles trying to cut prices and also the comparison is tough. The olympics are luring people into london at the end of 2012. There were 60 Fl
We have normal shareholders. The relationship between the company and shareholders is a normal relationship. And the largest automaker reports strong profits in the quarter thanks to sales and a weaker yen. Welcome. Were into the last Worldwide Exchange of the week. On todays show, political unrest in egypt spooked many investors, but the countrys finance minister has told this channel hes confident conditions will improve. Yousef will join us with that exclusive interview at 11 45 cet. Profits surged on a weaker yen, but can abenomics keep the currency trend in track . Well talk about that in 30 minutes. Motorola and google take the wraps off their First Flagship phone, ebb terntering the crowd smartphone space. Well talk about the phones wow factor at 11 20. With the u. S. Jobs countdown on the way, payrolls will surprise to the upside, Patrick Okeefe joins us from cnbcs u. S. Hq in the next hour. First of all, earnings to look at. Intesa sanpaolo is expect to reveal numbers around l