We are live from bloombergs European Headquarters. We have a great show coming up. Lots of news breaking and some great business stories as well. We will be talking about shoemakers to the stars. And clients like rafa nadal big bucks for his brand. And we will sit down with jamie oliver as he expand his empire to hong kong. We begin with one of our big stories of the day. Bp, profit rose by a third during the second quarter. The british oil giant is warning that new sanctions against russia, which are expected today, could hurt its relationship and investment in rosneft. Ryan chilcote is tracking all of the action. We have learned what is at stake today. Another one of these stories, we start at the beginning. Bp had a joint venture with russia. A got a fistful of cash and 20 stake in rosneft, which looked like a smart move. Is in theosneft doghouse. Their ceo has been sanctioned by the United States and the u. S. Has restricted rose not ros neft, access to Capital Markets. Now they mi
Driverless cars are hitting the highway. Audisgoing to check out autonomous a7 that is paving the way for driving handsfree. And, lufthansa shares slide on weak results. We are live with the carriers cfo earlier eight are in the program. In the meantime, lets get straight into our top company story. Adidas shares are under pressure. The company slashing its profit forecast. This among other things, russian unrest. Lets find out what is going on. Hans nichols is in berlin with the details. Good morning. There are two things at play here. One, russian unrest. That is a weakening ruble. So much of their sales are in russia. Anthe last quarter, they saw 18 decline in sales. Whether it is golf or russia, stock is down more than 10 this morning. Here are the numbers on their profit warning. For 2014, they expect 650 Million Euros for profit. That was before estimates of 890 Million Euros. H, a is almost 25 slas remarkable move. When we get to the russia story, when are we going to see an Eco