Good morning. What do we have . One off your and put lycra. Golf. G is the new we will talk about that. Lets get to the top story. European leaders are there for the job summit. They want to lower the jobless rate across the euro zone and the meeting coincides with the parliament and the labor reforms that include making it easier to fire people and the more complicated bits will happen later. He promises that the changes will be sweeping and swift. Go to the discussions with our European Partners. Structural reforms are the most ambitious ever conceived in italy. Dan joins us now. Lets start with the summit. Lowexpectations seem to be right now. What are we going to get . Fair points. He recognizes that and does not want to have a misstep. What he is going to do is divide the complicated package into pieces. Outlineseing the broad of the measures to change the labor market and includes things like welfare and unemployment system spec give incentives to companies to hire workers. The most controversial aspect makes it easier for companies to dismiss workers and will be dealt with down the road. What he wants to do is get a consensus and a broad vote on his plan. He needs to do this and convince the leaders that are arriving for the senate that summit that he is serious and they are not going to believe talk. The want to see action. Absolutely. He said that he needs to get the reform done so that he can show that he can accomplish things and answer the critics who say he is good communicating and talk. He needs to be pushed through the reform measures. It is going to be big for him. How he is to be seen going to battle opposition and get it done. Thank you very much. Time, we willes and a small the ceo shoe start of that ended up redomicile and in london ing ine redomicile london. Difficult phase for Airline Stocks and the concern is ebola. Lets go to carolina hide. We saw this yesterday and today, as well. Percent in the last hotel groupss and this morning. Cruises. These are being heard because of concern an Immediate Reaction and the tragic human side of this. Where does this leave companies travel oreople not having impediments to their travel or more difficulty getting onto a plane. Obama was talking about screening people getting on and off of planes. Interesting. And it analysts coming was not as much of a concern as you think it is. Because it is not airborne. Isis bodily fluid so it incredibly easy to be contaminated by a spanish nurse. There is not the fear factor. Andave a coming to europe the first contamination in spain. It will take a hit on the financial side of things. Air france is suffering. But it is. Is problems of their making. They announced half a billion euro hit to four year earnings on the back of strikes and that is passenger traffic down and cargo down in the month of september. They say this is people put off reduced hope it will be is what they say. They say they may see profit down and they had seven days of strikes. Irony in thehe situation is that the reason the strikes are happening is because they are trying to compete with the companies they are hoping. Have more seats in france and 5 Million Pounds in the bottom line. The sort of change and pilots need to get paid less. Already, air france has backed it is interesting. The consumers are getting less patient. I did a piece of research. Air france is looking at striking pilots ahead of the world cup. It would have been having. The population thought it was a bad idea. Two thirds thought, you go. Striking pilots is a no go. What else is on the radar . Would stay aloft. Could. Is preparing to they are selling shares and the deal is you at 2 billion euros. Sharesve held their until now. Said. S might get of sergio says he will step down after the merger is completed. In 2004. Harge he is the longestserving ceo. Potential sees the for mergers to create a new company. We will have more on this story. Minutes get released. May maintainers their commitment with asset purchases about to end. His beginning. We will find out later. We will bring our focus back to italy. Will the reforms get back on track . And thee they conversation is coming up next. Impossible to make Strong Performance and at having full consensus. You cannot if you are not willing to face obstacles or conflicts. Italy needs reform. Tough, the reforms are they will not be liked by everybody. The government in the parliament has gone too long. Change andeds to must change. Lobbying the government to follow through with labor reforms that are promised. Part of thee on changes he wants to put in place. Are these the right reforms . Lets talk about that. For a few have really cost start up culture is going to you small , anes thriving is online shoe company. Us as press describes women swipehoes and left or right depending on whether they liked them or not. Based on likes or dislikes, we recommend that her shoes. Why are you here . . Hy are you not in italy why are you doing business here . It was not so much conscious. It was conscious and it is in the a Great International community. And it ist of capital easier access to capital than anywhere in the rest of europe. And the taxgreat incentives that private investors have to invest in companies. And tax relief on the investments in private companies. This is something that italy is catching up with and ive been talking. With the benefit of insight, i am lucky to be here because of laborbor laws that make more expensive and i know there are a lot of reforms in the right direction. A lot of differing reasons there. We stop guyshow do italy. Ck from coming to it needs Big Companies to thrive and employ people. Small companies are big employers. Why do you want to stop the . And interchange experiences we talk about globalization. It is a change of people. For this. Is coming environmentvorable and has been done in the past. Area. S a good the have a job. Going theee tech problems . About you be going is she doing the right thing . I wish them success and the approach is younger and the global approach. It is not making one reform. It is making lots of reforms. Were talking about the job market and they said the other day the most important reform is the in order to tackle that. You can make a lot of deficiency. People come and show the way. Reforms and italy has been the main investor in in the last three years. We see a lot of young people itting the prize and i think is what renzi said. It can cause good. They take the lessons and what they pick up. Would you get back . Eventually. Is is that women in italy love shoes. Part of theing business back. I guess the industry is one of them. We are not to me doing more with it. Known for two things. Cool cars and engineering. There are really competitive advantages they have. What do they have to do to take advantage . Many startup accelerators. They are involved in a startup accelerator. We have a few in italy and, talking with some, the idea i there was more italy you in fronty put of people who want less access slow and they are have to put the money first and then received the money back six months later or one month later. Taxes are a big element. You know, you have to because itemployment creates wealth. Addressed to incentivize innovation. Approach that increases fiscal and innovation. The example that is good. Design production. Some companiesnd are bought by foreign investors. And what is good is that they do not move the production. The largestt and investor has increased. The quality of engineering is good. Out. Hope they can come the demand that, when released, drives good things. We will leave it there. Later this hour, well go live to rome to talk and we will get to take on what renzi needs to achieve. We have it take for you and tech city heads into the bicycle lane. We will ask if cycling is the new golf. We will see you in a moment. Good morning. Welcome back. You are watching the polls. Lets look at what is going on with the markets this morning. Carrying through to today. The ftse is down and the dax is down by 0. 6 . Look at the markets that tells the story. Treasury andthe the fiveyear space with the fiveyear german. We talk about that japan a japanification. The yield is the same. Reformseting to discuss and the labor markets and to discuss what the ecb can do to drive growth. When you go over, you are exposed to new labor market regulations. And the ecb cannot too much about what is have thing. Italy has structural problems. The stock price is. Sergio is leaving the cup and the and will step down. This follows the is leaving. There is a shift towards the United States becoming less italian. The developments are not a ringing endorsement. Once 0. 14. Point well made. Take a break. We will take about a. Talk about it. Welcome back you are watching the head the pulse. For currency regaining by the end of the year, according to people familiar with the prosecution he and the Justice Department and get guilty pleas from several firms. Underwayeffort is after an earthquake injured 300 people and destroyed 7000 homes. Executive says he will step down. A merger andted could create a new leader. Profit has tripled since 10 years ago. Lets talk to the man who breaks stories like this one before we break a few more. Malan. Joined from how should we think about the exit . Hi. Spent thear and we day with them and it was for a business story that we will have in the coming days. Said he is open and done when the plan is completed in 2018. He wants to study floss of the. Nd leave the floor moreys it may be splitting and it is the end of an era. He says he expects something more to happen in the next 510 years. He sees the possibility to create a global carmaker that is bigger than two yada. Knowys the industry will the level of capital and build a new car from scratch. He says he will see new mergers and he said that he is not the he would if the right s. Portunity arise how all this it . I cannot see a legendary poker player doing nothing. Is doing . Think he i cannot believe he is doing nothing. Maybe he will drive. Over 200 miles an hour to show he is a car guy. She studied philosophy and said he would like to go back and have time to think. Who knows what he is going to do. The job beingn done. He wants to. Notnderstand that he does look for a new challenge in the business world. Himyone who has followed doesnt see him doing nothing. Maybe it is time. Watch his face. If anyone will find out, it will be you. Thank you. Say with transport. One billion in investment is a record. A novel way to keep networking. Carolina hide joins the tech bikers. Bike, helmets, google glasses. Meet the tech bikers. Startup investors writing and raising money for charity. The goal was to bring the start of unity together to do something good for all society. It is the brainchild of the man in london and at the tech giant investment title. We are doing great. In its third year, it has raised 170,000 pounds. We have gathered around cycling and education. There are a passionate group of people who will work hard to fund raise and give access to education. The riders work at the cuttingedge of technology. No one can make the 200 miles to london the easy. Still, evening brings a chance to refuel and talk more business. Philanthropy, these are a chance to network. Having been in other communities, i realize you can meet people and never make it real connection. And gocycle with them through challenges, you will have friends for life. Welcome isds, the warm and the beer is cold. Carolina hide. Cycling is the new golf. We will get more with a biker. Again,. He is launching a new accelerator. That. L talk about we will find about the find out about that. Users with targeting advertisements based on a recent location. It drives revenue by expanding the use of member data. Whoill only allow users access their whereabouts. Offering tv services as part of a package deal. The service will be free for web pounds a who spends 25 month. The new plan will make ee another company that offers a quadruple play package. Struggling in the u. S. And has had to offer discounts. A food safety scare is driving people away from chains. China is dealing with an outbreak of dengue fever and it is believed to be the worst for decades. It has risen in a region. Lets find out what is going on. Sam joins us. Lets talk about the problem, the differences, and why dengue is important. It has a faster and has mosquitoes who transport the virus. Absolutely. It is a mirror image of ebola. It is not as fatal. It is more rapid. Specific mosquitoes. You do not get it so much in the north. You do not have so many issues with mosquitoes. Where we do, we dont have those types. These things are a matter of time. Yeah. Talk to me about the virus. It is not just one virus. There are useful ways of thinking about it because it is hard to treat. Yes. There are four types of the virus that are important in the disease process, like the hpv. Responsible for cases of cervical cancer. It has 19 different types. The better cover you have come of the better protection you have. Dengue is difficult. You do not want to kill the virus. We have developed a genetically engineered version. Trials. Phase three 60 70 protection with people actually developing symptoms and have had an 80 reduction of hospitalization. This is good to go . At approvallooking and the issues happening my expedited access to the vaccine. Only time will tell. Are they taking smart guys off for smart far weve seen that . Who loses . Which teams lose . Worked on ebola. Was acquired and a lot of the team is there. So, is not significant to develop and i dont think it takes resources from elsewhere to do this. In terms of the financials . Like the vaccines that are out there, the monetary return is higher. Have seen garda cell garda cell. This is a bigger problem in the developing world and emerging markets are not poor. As a vaccine that you need to deal with governments with. Giverat probably puts a on the financial upside. Has thesure that a one right number. Always a pleasure. Nice to see you. Help wanted. Italy was Prime Minister. We go to rome to talk about whether renzi can fix the unemployment problem and how quickly. We will see you in a moment. I am the first to say that employment in newly is not created by air law, social benefits, Justice System roof warm, fighting against corruption. All of them together attract investments. Touting benefits of labor and fiscal strategy. He faces a confidence vote on these rules. Shouldnt be going faster . Tennessee tech when the right things . Should he be looking at the taxation system . Where should he take it away . Andcisco joins us specializes in Public Policy analysis. To haveleasure it is you. Is he all when the right track right now . Is he on the right track right now . He has nosay that alternative and is close to the final quarter, when the government assesses his capacity bill. A fiscal stability this is the time of the year when they look at this and he has to close the gap between ambitions and delivery. The labor reform that he is putting forward serves multiple purposes. Avoid gettingo the troika and the other served is overcoming resistance from his party. Italyor legislation in complicated and is complicated and a lot of detail needs to get right. How easy is it to get it right . Difficult. Y little headroom to square figures is one of his main problems today. Not just discussing principles. This is one of the things we are seeing these days. We compare the notes with the seeres provided and we little simulations. Scheme renzi is using has the parliament and the government doing the implementation decrease and has very little numbers. How much is the government provide. Overnment how much is the government generating with tax revenue if it is paid out in advance. Have nois questions answers. With what this means. We are beyond the point where you discuss principal. Chen the administration survive. Say he is successful and the numbers start going up with companies doing what they have done in spain. Can the administration survive the . Is it Strong Enough . There is some things this is something we will not be able to assess. The decrease and the blank check. Arereality of labor laws not justified by the laws of sub they are defined by courts and tribunals. How crucial judges can be when it comes to interpreting the content of the law. How accurate to you are. Terms, thevague interpretation powers of the judiciary will be extensive. If you are accurate and precise, you leave little room for interpretation. Much thetand how government has, we will wait. Italy has little headroom. They is no 10 billion that can provide and subsidies. There is little of that. Its ok. I want to point that out. Anally, can i ask you question about what Small Companies get out of all of this . So they can get capital and stop so you can get growth. Will we get a focus on businesses that can grow . Can they make it happen . Backall companies are the road of italys economy. Is movingking element towards a single contract. Simplifym seems to legislation and eliminated many tothe flexible contracts move towards a onesizefitsall. Ism not sure the approach what they need today. Ok. Thank you very much for your analysis. Buffett bets and leads the charge. A bloomberg exclusive. We will discuss the risks facing the industry and if ciberinsurance could be the next big thing. Good morning. Welcome back. Theme tell you about headlines. Warren buffett is taking advantage. Looks set tohaway make a steady profit. Automated driving features as luxury sedans and would better position the carmaker and markets. They announced that they will have a driverless car ready. Worlds top market for energy. Projects since march. Will they be able to afford them . We complete all of the projects. The first word is up next. The second hour of the polls. Talk about what happens next. New golf. Bikes been in paris with a that must be uncomfortable. Networking with very few sports generating. There for the out Insurance Industry. The market is soft and premiums are down. How much business is being written. Remember, you can join the conversation. Take a break. We will see you. Help wanted. Emergency summit on jobs full the ceo says he will step down after the merger is completed. Sickness. Impactsuffers from the of the pilot strike. Good morning and a warm welcome to those waking up. This is the pulse. What do we have for you in the next hour . We will find out how deals are being done on two wheels. We will find out why a little later. We will take you to the top story. European leaders are meeting on jobs with a challenge. The meeting coincides with the vote in parliaments and in parliament. Making it easier to fire people. , among others. Follow it easier to fire people, among others. We will go to discussions with our partners with a plan of Structural Reforms th