Hello. Welcome to countdown. Its just gone 6 00. A bloomberg reporters are standing by ready to deliver the stories that will drive your day. Thethan ferro is watching numbers from airbus breaking right now. Can they boost business . Elliott gotkine has the latest from tel aviv. We have some big earnings interviews for you. Company earnings this hour, we will have an exclusive interview with the companys ceo. Chiefchat with the executive of the second largest u. K. Homebuilder. More on his companys latest its of the uks largest professional Recruitment Agency also reporting today. Will join the second hour on countdown. Lets get the breaking. Airbus releasing its numbers as we speak. Just reporting those numbers and Jonathan Ferro is here to bring down the details. Income, revenue coming in five percent higher. 59. 3 billion euros. Income rising by 22 . Fullyear earnings interest before tax, 3. 6 billion euros. Dividend to . 75. The game for the charges, here we go. 434 million charge for the a350 and restructuring. This is the double longhaul plane. If you are going to america or another nice destination, this is the plane. It will go headtohead with the dreamliner and costs have been mounting. Restructuring, they have put this unit into one. Youve seen the charges, 434 million euro or the a350. Calexico is a huge range in terms of analyst expectations. It is a huge range. Im wondering how that will go down with investors. Of the units. Ing they are pitting the airbus at the front of the company. Hence the new name. We dont talk about aeds anymore. Gave the employees tshirts apparently when they relaunched the name at the end of last year. Airbus can fit on a it tshirt itsn a tshirt but aeds in true form cannot. U. S. Nts on brazil and the and what they are looking for ahead of earnings. Or fifths of profits come from the region. Offset by a winter. Brazil beer volumes and they have seen solid growth in china. The mexican beer market returning to growth as well. Lets look at the figures. Rising. Revenue analysts estimated 4. 4 . Growing atr volume 2 when the analysts expected. 7 . Verses 13 increase expected 10 . U. S. The comments on the art make budweiser, stella ois, corona as well. They bought the rest of grupo modelo. Completed last year but actually made in 2012. They are seeking to cut 1 fromon in costs by 2016 modelo. News on that today says most of those 1 billion of cost savings of 2015. Ade by the end earnings beating estimates. Beatingrevenue growth as well. Interesting comments from the u. S. And brazil. The brazilian volume is improving offset by the first quarter. From abn bets ab inbev. They are turning to craft beer for growth. The demand for mainstream beer stagnates. In International Correspondent hans nichols. This is just an excuse to talk about kraft here because it has changed so much. ,ook at the revenue numbers this is about half of what microsoft has. Its remarkable to me how big the numbers are. Heres a quick tutorial on american be er. Blue moon, leinenkugel. They are owned and operated, and distributed, by big brewers. You look at Anheuserbusch Inbev and they control 75 of the Crafts Market in the states. You look at why and that is where the growth is, craft year. Some of those behind the craft hipster beers, goose island, blue moon which is a wheat belgian. Ditto for leinenkugel. Take a look at sales by volume. It is up 16 . Branded beer is down 1. 7 . Is up 67 . D we are still talking relatively small here. About sevens percent of the u. S. Market. Bud light has almost 21 of the market. The pricek at differential. Goose island, chicagobased, for one case retails about 33. A case of bud light, 21. Received an important plug. Goose island, the preferred beer of president barack obama. You have small crest breweries that get popular, need a bigger network, and they get by out. They do not stay small and crafty. We should ask anna if she prefers blogger or beer. Bitter . Lager or beer . Wine, im afraid. Hardtoreachse customers they are still trying to market to. An explosion in brazilian car theft proving a boon to one part company. Our middle east editor Elliott Gotkine has more. Company based here in israel, this used to be the there isarket but now more and brazil. There is an increasing number 140 out ofg cars but 10,000 cars in brazil are stolen , 40 more than the next worst country in terms of car theft, south africa. Ive been speaking with the chief executive and i will tell you what he told me and bring you the information and half an hours time. Were talking volatility in emerging markets. Our next guest says some are stronger than others. Time for todays company news. Credit suisse helping American Companies hide up to 10 billion dollars in assets from the Internal Revenue service and this report and the Justice Department failed to use all of the legal tools in the pursuit of Credit Suisse. They have agreed to access at least 5 billion of argentina appropriation unit. Argentina will issue as much as 6 billion in bonds and they can sell or hold until maturity. It still requires shareholder approval. He said he would eventually consider spelling off for sel ling off or spinning off. They haveonsider once build them up into a more fermentable competitor. He was speaking at the mobile World Congress in barcelona. Running a public company, anything to help our shareholders, i need to take a very serious look at. Today, i think we need to build up that pace. Countdown. To six 14 a. M. In london. Volatility in emerging markets as investors concerned about the effect on the developed world with some emerging markets are more resilient than others. Lets bring in the global chief from ubs. Officer Alexander Friedman joins us live from zurich. Thank you for joining us today. Alexander, do you think the games weve witnessed in u. S. Stocks, almost at record highs, are warranted given the volatility and emerging markets . Bottom line, yes. Emerging markets you have to put into context. Gdp014, we expect 3. 5 growth worldwide. Of that, the emerging markets, when you take out china, are only five percent. Its a small portion of the overall story. The real story is what happens in china. The headlines have been scary. Why have they been . Its really because of the five fragile companies. Lets talk about china. How worried are you about the measures being taken by the Chinese Government to try and slow things down intentionally and china . What are you factoring in terms of chinese growth . Expect a little over 7. 5 growth. I have confidence they will come in somewhere around 7. 5 8 . Draw ine line i would the sand. Below that, we have a different story. Autumn line, china will be able to manage growth this year in the neighborhood of 8 . Credit market gauges in china are triggering alarm bells all over the place. A parallelawing between whats happening in china to what happened in the u. S. In the runup to the financial crisis when you look at credit. Do you draw comparisons between the two . I certainly hope thats not the case. I guess i would not compare it to the United States. One might answer that question, is lets assume china has to recapitalize the entire banking sector. That would cost them were around 1 trillion. Analysis, the questions are what kind of linkages to chinese banks have to the rest of the world . It is contained. We do not think it is a contagion threat. In the socalled double deficit countries, they are quite small in terms of their exposure to the developed market angst. Opportunityke this to buy more emergingmarket equities right now . Intoe you still buying other equity markets, more developed markets in the u. S. And eurozone . It depends on your timeframe. Over the next six months, i dont see a lot of triggers that will send the emerging markets story into a by scenario. I would be cautious. The valuation discount is about 30 and that is attractive. And lot of contagion risk that is psychology with the ukraine and other stories is scary so i would be cautious to neutral on emerging markets right now. Have thena does not risk of contagion, you mentioned the fragile five, which might present a risk when we talk about the contagion to emerging markets . I dont think any of the fragile five are a risk in the developed markets for a couple reasons. They are tiny. Take argentina and venezuela and put them together, less than half a point of global gdp. They are really small. It is just five percent growth in 2014. The story and Something Like the ukraine is really idiosyncratic. They will probably need a rescue package from the imf but they get there they need a thisioning government and is a very dynamic, evolving situation. The ukraine should not represent a challenge to any of the developed market banks or the local recovery story. These crises can start in small countries. The asian crisis started and many people would argue that was back in thailand in 1997 and it had further reaching consequences and we arguably live in a world that is more it now. Can you see a situation where a slowdown in emerging market economies will have a feedback on to the developed world . Its very different than the late 1990s. There were not enough foreign reserves to handle the money leaving to finance the deficits. Key point i would emphasize is lets go back to 300 of the total capital exposed to latin america. Today when i do the analysis, all of the developed market angst have about 70 of their capital exposed to the emerging markets overall. The short answer is we just dont see a banking crisis contagion risk from the emerging markets right now. Alex, thank you for joining us today. Friedman, cio, from ubs Wealth Management live from zurich. We are getting numbers from the dutch Nutrition Business. Fourthquarter revenue coming in a touch billion euros, ahead of the estimate of 2. 35 billion. , 316 Million Euros in the Third Quarter also just ahead of estimates. These are the final results and they are increasing their dividend repeating the aim to offset negative currency impact, something that they warned about back in january. It is something of a move downwards in the share price. Lots of focus on the business they are trying to develop down to emerging markets and we will ask how thats going when we speak to the ceo of dsm later in the program. Just ahead, what does it feel like to earn 1 billion overnight . Elon musk knows. Waking up 1 billion richer today. Welcome back to countdown. The time in london is 6 24 p. M. A. M. Whether it is water, beer, or copy the results are usually catastrophic. Technology being developed in the u. K. Can waterproof your electronics. Drop a cell phone into water, water gets into the device very quickly and causes corrosion. Often it can be catastrophic failure so there is no way of recovering. We have a technology that provides a protective layer inside and outside massively improving. The background is actually in military technology to provide coding to military where to nerve agents but also environmental threats. In 60 million Electronic Devices from bluetooth headsets, tablets, mobile phones. The Technology Works and a. Olecular scale it can penetrate very freely into the structure and provides a covalent attachment through the entire device. There are other smart phones out there that are advertising waterproof protection. They are using a barrier using gaskets in the drawback with that is when everything is compromised, the water gets inside and that is the failure. The water still gets into the device that it is not preventing water barrier access. It tells that very well. It is an absolute necessity. The operators really need this. Every time it comes back with that, they risk the maturation. Have you ever dropped your smartphone into a glass of wine . No. Coming up, a bloomberg exclusive with the chief executive from dsm. Im mark barton Credit Suisse helping hide as from the10 Million United States mud and double the amount previously known. Credit suisse chief executive brady dugan will testify later. Italian Prime Minister renzi breezing through a final vote of confidence clearing the way for his new government to begin economic reforms. 370on the vote of a vote of eight220. He cleared the senate by a slimmer margin he won the vote 378220. Aidine is seeking financial following the ouster of president yanukovych. She says she is ready to engage. Hello. Welcome to countdown. I am mark barton. Tesla boss elon musk has a few reasons to wake up with a smile on his face. Hes more than 1 billion richer overnight. His car won a major accolade as well. Zeb eckert has been looking behind the headlines. Good morning to you. Certainly a Strong Performance for his company, tesla. Adding 1 billion as the stock value of tesla and the solar powered company with an interest closing at records. He has one of the biggest battery factories on earth in asia. Elon musk tarted selling the electric model s sedan and tesla market cap is more than half of gm and ford. To add to the accolades, it received the highest u. S. Safety rating and the best overall car ranked by consumer reports. It is costly and not available in every market at its coming to china later this year. What does panasonic do in this . They will build what may be the biggest battery factory. The lithiumion batteries that power the cars. Elon musk has been talking about that in today in the nikkei news, there is word that they will be the partner. Panasonic surging more than 5 in tokyo today. We will see if that happens. Zeb eckert live in hong kong. We just had earnings from dsm, the largest vitamin maker. We are joined by the chief executive of the company, feike from headquarters in the netherlands. Great to see you again. Thanks for joining us. Lets talk about foreignexchange exposure because this is one of the thought twice about your stock because you had negative headwinds. You have given us some numbers around that today. Are things Getting Better or worse for you and foreignexchange right now . Rate isoreign exchange a pretty public thing, of course. At this moment, over the months , ajanuary and february stronger euro especially compared with the second half of q4. As bc the Foreign Exchange rate or the strength of the euro, as we had in january, i cannot foresee in a crystal ball what it will be for 2014 but lets look at january and we would head comparedion to 2013 and that is just a fact. I dont know whether that will materialize based on the assumption that the Foreign Exchange rate will be the same. We need to see whether if it is true. The euro is pretty strong. If you looked one year ago from davos, for example, a lot were issuing eschewing that it would fall apart and one year further receive the euro against all other currencies pretty strong. People reporting in the euro and assets in europe, we have had a stronger europe and it is being hit by that. Ke, lets talk about your emerging markets strategy to get 50 of your sales from highgrowth economies. With the stress that we have seen in some emerging markets, do you sense things are slowing down in some of those key economies . Well see that the emerging economies are slowing down somewhat. Factor we can follow in the emerging economies. Brazil is slightly above 2 where as a few years ago it was north of 5 . Withdrawingare not all of their strategy in the emergingmarket economies. Economies are growing much faster than the western economy so we need to continue to grow the company and there is more Growth Potential in emerging economies down the western world. We will continue that strategy. If you look at the world, dsm is very well positioned. In the context in which we see the global economy, the exchange rates, etc. , we had a solid profits were up in the Third Quarter and we had positionselp to buy mainly on track and integrating those. We are developing new business and we have a very strong generating more cash especially on the fourth quarter. We have a good shareholder return. Even people rave little bit concerned about the exchange rate. The share price increased in january, but you see a pretty good share price and performance for our company. The industryt returning, we announced we increased that again 10 . I think we have a good return to our shareholders. Can i ask you about the various industries that you supply . You are in animal nutrition all the way through to construction, a full range of business areas. Where do you see the best opportunities right now . Even with some of the heads , food and beverage being softer, etc. , over the long run and even in the medium run, food and nutrition will continue to grow. As long as the number of people is growing and is no plan to reduce that, then of course then the Nutrition Business will continue to grow. Connected to the growth of movement the growth of to the urban areas and realizing it is moving to the urban areas we lose the Food Producer and we gain a producer. In the coming decades, it will increase to 75 . Nutrition is clearly a growth area for the company. At this moment, we also see some slight recovery in automotive and Building Construction in the United States. Markets that need recovery and on our end, we need to remain focused. Thank you so much for joining ceo ofy, feike sijbesma, the sm. Credit suisse may have helped u. S. Customers hide billions in assets. Details after the break. Time for todays company news. J. Crew is said to be interviewing banks about an ipo. They have more than 450 stores. Ares of dreamworks tumbling after a drop in fourthquarter revenue. Turbo were disappointing. This is the most competitive feature environment hes ever seen. They will withdraw world cup tshirts after they complained it a link to the country with sexual activity. The Worlds Largest secondlargest Sports