Transcripts For BLOOMBERG Countdown 20140304 : vimarsana.com

BLOOMBERG Countdown March 4, 2014

Try to keep it welcome to countdown. From spiraling into war. It is 6 00 in london, tuesday carmakers in your hope morning. Bloomberg reporters are standing to put their slump in the past. By across the world ready to deliver the stories that will start the that will drive we have an allstar lineup. Berlin with top your day. We are on the ground that the executives of the International Geneva motor show. Hotel. Uptodate. Ng you today sees a flurry of welcome to countdown. Diplomatic activity in ukraine. Russia continues its military buildup in crimea. I am anna edwards. John kerry visits the capital. And the imf begins its mission. And i am mark barton. We are following the latest ukraine will get 3 billion in financing. Developments in ukraine. The iv the imf will be in berlin, david tweed is meeting with the economy minister tomorrow. Live at the International Hotel. How the chaotic situation in ukraine had change the countries breakingstart with needs . Bad. Is pretty news. We are getting information from the biggest the trading supplier. That is coming through just now. Just getting the headline number. No we are not. The we are getting the earnings. The imf said it would like it raised by 30 . And the big news last year was the glastonbury completed do you think that right now in this environment, it is little bit radical . The Prime Minister said it was nickel mines to their empire. Amortization up by 17 . 13 point 1 billion. Super flexible. That is the headline figure. They announced in december that that the transaction is expected to generate cost savings as much in the presence of Russian Troops in ukraine, what kind of as 2 billion this year. Strain does that put on it will be interesting to see if that figure changes. The headline profitability [inaudible] figure out. The level of uncertainty is 13. 1 billion. All around the country. Russia continues the military the conditions are pretty nervous. Nowsday of last week, buildup in the crimea peninsula. The u. S. Secretary of state with the presence of russian visits. Bloomberg news learned that the more money . Ukraine will get 3 billion in financing as part of a new i do not think we need more program. Money. They will be meeting with the economy minister tomorrow. We said down with the minister. Started by asking how the chaotic situation in ukraine had the Prime Minister said some changed the country needs. The state of the economy and money would be diverted to the military. The state of the budget is underfinanced for a different. It will be the same. Long time in the past. Hopefully, the criteria will be different. Theyve said in the past they would like it raised by 30 . We need to look at that. Do you think in that the basic expenses should be environment that is a little bit covered by the ukrainian state. Radical . And then there is the gap. Cutting the budget that is if we repay all of the debt it is ad for this year, another thing we would like to do. It is super flexible. It is. Geo from what i hear from the ld, from what i hear from we need to create a little more certainty for the business. There are Russian Troops in people are talking about this the ukraine. Increasing the impetus and the what kind of additional train does that strain does that it strengthens your hand put on this . There is a level of with the imf. Uncertainty all around the country. We did not invite any type of the conditions are pretty nervous. Troops to help us. S is thesense i thursday of last week you could thought you could do x. International community is more prepared to help before they frankly, i do not think we were for Russian Troops arrived. I did not see the delegation need more money because of Russian Troops. Yet. It looks like we will see them i think this is the ukrainian tomorrow. Business. Lets cross over to ryan. This is not their business. They said that the money is being diverted to the military. We know the imf is in town. That is true. What else is on the agenda today the military was under finance for a long time in the budget. . As far as the Russian Military is concerned, the if we will turn to the asernational community buildup is gathering speed. We had more troops rolling into crimea overnight. Russia has 16,000 financing for the army, then what is this all about. Then there is a gap. Troops on the peninsula. Seething we did not materialize, the ukrainians told us the russians were demanding the gap is that we know our debt obligations. Two ukrainian vessel we also know the reserves that it was left surrendered. They had been given an ultimatum. The ukrainians did not surrender virtually with zero. And there was no military action. It i a geopolitical problem. Clearly, the buildup continues. The United Nations met in new from russia,ear york. What the pressure have to say . The world says, yes, and this is it was all about did russiaon what a problem. People are talking about this have to say . Increasing the impotence and the it was all about justification. Need for credit. Ambassador to the united it, in a way, strengthens your hand. We wish that will happen. Nations showed everyone a letter to that effect from the ousted need any hint of president. Friday, you may remember he gave troops to help us negotiate. But your senses that the a press conference in russia where he was asked whether he was calling on president Cl International community is more prepared to help than they were before Russian Troops arrived. I do not see the delegation yet. I will see that tomorrow. Putin to intervene and he said no. They doians also said i will judge then. Lets get over to ryan who is have the right to have as many in kiev. As 25,000 troops on the peninsula. What is on the agenda . We could see that number of secretary of state john kerry troops rise further. Thank you. Arrived. Ferro. S turn to jonathan they are right now, in fact. The biggest news was the news he is here to cover the market that came one hour away. President putin ordering troops reaction. Lets start with russia because markets are opening in the west of russia back to right now, erased almost half their barracks. Did some putin the losses of yesterday. Selloff pretty brutal military exercises yesterday. We saw video of him out those exercises. Yesterday, down by almost 10 . Out. Illion wiped those exercises ended after the russian president visited him. The fact it he ordered the troops back to the barracks is a yesterday will have hurt them and that is pretty significant. Formality. That is not what investors doubt. They got hit pretty bad. The ruble is down about one are thinking of percent. The troops being ordered back to at the the reserves left barracks were troops in crimea. Ed is not the case. Ukraine says that russia still has 16,000 troops in crimea and central bank at about 150 billion. Peninsula. That is quite a burn rate. The tide against them is pretty more are arriving overnight. It shows you how sensitive the strong. A lot of focus on russian story is and how sensitive the markets right now, but the markets are to what is happening in ukraine. Thank you. Economy has been weakening for a while. We will check you later. Looking at the market you had growth around five percent a couple of years ago and it is down to about one percent right now. Reaction to those events in ukraine. Head nail on it is a difficult one because they want to protect their currency. The head. U. S. State Department Says they if you press rewind it, you get are working on sanctions in response to what russia has been doing. A visual on how things are playing out. A or he percent after is europes ability to agree to any type of sanctions limited by back three percent after drop. The trade realities . Gas. Ey import a third of yesterday were it is spring. Fighting with what was really escalation risk, political risk, we are coming off the back of one of the mildest winters since and the need to discount. When that happens, the following 2007. Day we see equities come back bustamante to heat your home in again. Europe. Manyther is stop files , things cane that stay choppy for well. Theres a lot of focus on what this does to energy prices. The european diplomatic response may be clouded or affected by analysts say this escalated europes reliance on russia. Political risk may cause this is not the first time we investors to boycott russia and have seen a lack of perhaps that is the ultimate sanction. International coordination. Theatre fourth motor show in if youre going to have serious geneva kicks off today. The fourth motor consequences it is worth thinking through what they are beforehand. You have not done the ee you or the United States on board. Show in geneva kicks off today. Gets a third from russia. 12 months ago, this industry how much leverage do they have . There are two points of leverage. Still felt like it was on its knees. A glimmer of hope emerging. We have seen the data start to inventory is one of them. Turn around. Europeans are buying cars again. We have not seen them for quite european stockpiles are some time. Halffull. The industry will be keeping a careful eye on the situation in russia. Them 45 days if the , soe is some exposure european supplies were interrupted. Theyll be watching for anything this is a fastmoving story. That could upset the apple cart. It would be hard to commit to a they certainly hope direct and in the market just yet. Geneva kicks off today. That is not the case. Optimistic about 2014, the big question will be, is this recovery selfsustaining . As the european car market shows will we see this continuing on signs of recovery. Good morning. An organic level . Should Geneva Motor Show revving or is it being generated by government subsidies . We know the data has been driven its. By cash for Clunkers Program the sound systems are being cranked up here in over to my coming out of spain. Left, they are in the process of another Program Starts will unveiling a new product. That demand continue . Or have we the brand is back. It is a bit like a cs500. Been borrowing forward . Plenty of new cars to unveil. In 20 minutes time we will have a toyota. Went to of things to talk about. Technology is front and center lets see what it says about the here at the Geneva Motor Show. Emerging markets and what the story is there. Everybodys hoping the recovery this resembles something more of continues. We have been hearing from ryan pileshn, there are a few ces. Are we going to be talking on the horizon. The russian situation is about, i am driving and android something at the car market is car . Exposed to. The the luxury market to that is something we will look forward to in the future. Massmarket producer, they have skin in the game when it comes the financing story is there well. To situation in the ukraine. We will be talking to the ceos one of the Success Stories of the European Space has been the throughout the morning about u. K. Market. That. The key thing about the recovery is that europeans are beginning financing packages available in to buy cars again. The u. K. That are not available elsewhere. But it is for a very low base. Rollean carmaker start to , or is itsustaining those programs out, without help demand . Something that is being driven, willll that help demand . To excuse the pun, by Government Programs . Be talking about the green agenda. That is what we have been seeing in spain, for instance. Making their cars go then theres a story about finance that is doing the further on must and making the rounds. The u. K. Had good financing cars cost less, that continues packages. That is why it is one of the to be a big story. The numbers are starting to get outliers. That her, but Car Companies are still struggling. Britain has been buying cars. Better, but Car Companies had good financing packages. They started to roll those out are still struggling. Across the continent. Ryan was talking about russia. I will be talking about cars. Toare going to be speaking ford coo mark fields. We have some great cars that will be out later on today. We will get his take. Ofll be talking to the ceo this is one of the worlds biggest carmakers. It has exposure to all of the rollsroyce. Stories. We will give you the first look in the future, will we be at this. This is the new ghost from driving and android car or an rollsroyce. Apple car. Looking forward to it. That the motor show buzzing. Should we be a geneva or at the live from the Geneva Motor Show. Technology fair . I was wondering what was under the sheet. That is the story moving forward from here. More coming up. Ill handed back to you. Stay with bloomberg for some really big interviews. Thank you. Hell be back in 10 minutes speaking to the head of live in geneva. Lets move on to the tourism rollsroyce. Just after this next break. Industry. They count for 250 million jobs. Later in the hour, well be it is a driver and barometer for speaking to the ceo of jaguar. Investors. Them toeed is follow the Tourism Industry accounts their gathering at the for over 250 million Jobs International hotel in berlin globally. Where the heads of the hotel investmentometer for industry get together once a year. David, what do you have lined up for us . Look, coming up after the and economic growth. David tweed is live in berlin break, i have an interview with sebastian. Where the heads of the global he is the chief executive. Industry get together once a year. Russianasking about the the world tourism report says business. Their business in Eastern Europe. After that, i will be speaking with the european chief the international Tourism Industry should expand by about executive officer of european four percent this year. Continental group. They are expanding into russia. How is the situation in russia likely to affect the comeback, after the break . That was before Vladimir Putin joining us from berlin. Moved troops into crimea. I will be talking about we will talk about mining for theto the ceo next. Intercontinental group. Both of these groups with 3. 67 dollars for the full year operations in russia. Last year. We will dig into those numbers. But will be the effect of their businesses . And potential trade sanctions and the slowing down of the russian economy. As well as that, ill be back with someone from brazil. Someone from the brazilian Tourism Industry that will talk to us about development and investment in brazil, how to convert the world cup in two longerterm sustained tourism in brazil. Is he ready or is brazil ready to host the world cup . Day, we will the be speaking to the guy behind studio 54. Hotels. Into boutique he will get a Lifetime Achievement award here. Thank you, david. Thee will head back to Geneva Motor Show and speak to the head of rollsroyce. Stay with us. Welcome to countdown. I am anna edwards. And i am mark barton. Lets head to the International Hotel investment forum. An exclusive interview for us. David . I have, indeed. One of the things that people are talking about is the recovery in tourism. 45 is what the World Tourist report as forecasting. That was before Vladimir Putin put troops into crimea. I have sebastian, the chief executive officer of 14 hotels in russia. 20 now. 20 now. You also have a hotel in kiev and property in Eastern Europe. I am wondering, given the situation, how are you dealing with this . I am a spectator, like all of click the Geneva Motor Show is a you. We have been in russia for the past 25 years. We have 20 hotels. Collection of the latest and youre going to be operating 30 greatest from the worlds top hotels over the next two years to four years. Automakers. Guy johnson is standing by with that means were going to go the ceo of rollsroyce. Next fewo 50 in the thank you very much. Years. It is a big morning for this has been through a lot of rollsroyce. Up and down. This car company is about to i will be there myself. I will be discussing this with unveil a new car to the world. My team. Strategic reasons, we will you will see it first here on bloomberg. Remain in russia. The unions, they are let me introduce the ceo of the company. Good morning to you. Talking about sanctions. The sanctions are unlikely to unveil herew car to affect the Hotel Business, one would think, at this stage. What is your assessment of the at the Geneva Motor Show. What is it . Effect on your business . It is the ghost series. I will be candid. It has been the backbone of our the ceo for the last growth story. Six months. I have enough to do in terms of it is a very important moment. Getting the team in place. I will let the politicians after five years in the market, decide what to do at that. Very stable life cycle, we have listener. A good decided it is time to refresh the car. Moment. Get to that but, clearly, this is not my agenda. You mentioned youre planning lets unveil the new ghost. To open 30 hotels in russia. Are any of them coming up . Here on bloomberg television, the first look at this car. Are you going to put any on hold, at the moment . Fantastic. This is an going on for the that is the first look. Past four days or five days. Talk to me about what your i willgo myself and aspirations, ambitions are for this car. Spend all the time necessary to make a rational decision. I just cannot make a decision for thecar is over the last 32 hours. Im interested in what is discerning businessmen in the world. It is the ultimate. Going on in china. Positioned we have right across the board we are hearing it. Not just luxury. The car. They are saying that even it is the best you can drive in. Funeral homes are having difficulty because of the we have some aspirations with measures b

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