Slightly. And would you pay to use an airport lounge. Access is often a perk for business and first class travellers, but with more of us looking to travel on the cheap, we are speaking to the man who wants to pamper us before we off. Today we ask the question after a potato shortage hits new zealand, sparking a crisp crisis. How much would you be willing to pay for a packet of crisps . Could you live without them . Hello and welcome to business live. Europes airlines are struggling like never before. Three have gone into administration this year alone and one of those alitalia is up for sale, but the big question is can anyone save italys nationalflag carrier . The airline currently flies to over 80 destinations around the world and its fate is being closely watched. Bids for the airline were coming to an end today but thanks to yet another last ditch intervention from the government it has been given more time. In february this year, alitalia had debts of around 3. 3. Three months la
Reporter police and still working to a process any evidence that confined following the shooting took a look of this video we have what looks like all please officers initially arrived here the driver of the vehicle did stop the been the driver a 27 yearold man tried to make a run for. Reporter he ran across six lanes of traffic toward the i 680 on ramp that is when a Police Officer opened fire to stop him the driver was taken to local hospital with not life threatening injuries now this on to say that turned to go out to the scene very slowly. Reporter that is exactly what happened had the officer who did open fire has been placed on administrative leave while this Investigation Continues to of theres boulevard is still close above corrections law were just get on one is set to reopen theyre still looking to see exactly what happened before they can reopen the streets. Robin winston we want to mention the folks to use jackson in san ramon the senate the fatal accidents of 681 theres a
From bloombergs European Headquarters. Lets get to our top story, credit squeeze. Raised capital as a part of its strategy. Francine lacqua is on location. Pressing, a good morning to you. A great interview so far, talking to tj talking to tg tijian. Francine it was quite strategic overall. Clearly focusing on the wealthy in asia. He did say he will unlock value in the swiss bank. Handinhand with costcutting. This is what is getting investments investors worried the most. You have to be efficient no matter what. That [indiscernible] it is a very serious decision. Something we will like to keep. We have pushed for selfhelp. We are rightsizing the Investment Bank. We are cutting by 72 . We are cutting prime. That is good to free up capital, because we are reducing the capital cost. Where cutting cost of 3. 5 billion we are cutting costs, 3. 5 billion. 2. 7 initiatives were launching. What i can say about these not an is they are ambition. Where worked very hard every day for three months
What investors are thinking. Nicole this is a big deal because last time the fed met, popularly doing some tapering, which they are not. Now the question is while we have seen some improved economic numbers, although they are not looking at the numbers, looks great, is it enough to stop the tapering . Will they taper. The s p 500 down by four. The fear index has had an interesting day, pulling back in the morning and moving to the unchanged line as we eagerly await on the fed. It will guide the market at least the next hour and a half or so. Back to you. Adam cheryl. Cheryl lets get to our man who will bring us latest news and said the fed, peter barnes live from the Federal Reserve. 55 minutes and counting, peter. This one is a coin toss. I have been reading so Much Research going into this meeting, starting yesterday, whether or not they will start to taper now or wait. The taper is going to come, just a question of will it come now or in the new year. The indicators are pretty mixed
Purchases are not on a preset course. Contingentill remain on the Committee Outlook for the labor market and inflation for the success of the likely efficacy and cost of such purchases. With regard to the economy, some new language here since the last meeting. There are indications of growth and Economic Activity picking up in recent quarters. Labor market indicators showing further improvement. The Unemployment Rate declined but remains elevated. Household spending and Business Investments advanced more quickly in recent months while the recovery in the housing sector slowed somewhat. Market is having become more nearly balance, and then finally, i want to read you another section here. The same language we saw previously, maintaining that stance of the record low rates and highly accommodative stance of Monetary Policy. The committee continues to anticipate that it likely will be appropriate to maintain the current target range for the federal ones rate well past the time that Unempl