let's check in on the shares of aer lingus and iag. we talk about what is going on with these two after the break. ♪ jonathan: good morning and welcome back to "on the move." i'm jonathan ferro's talk airlines. . the irish government has agreed to sell its stake in aer lingus to iag. dara, what did iag give the island that approved the sale? dara: what we saw at the end of last year was an indicative bid of iag and what they offered is a five-year deal to keep the state between ireland and london. that was not enough for the government. there has been a guarantee. those guarantees our now at seven years and that has been the government the comfort level to recommend this bid. jonathan: what is next? ryanair, are they willing to do the same thing here? dara: for the three key things we see today, the first is a vote in parliament. it looks like it will go through easy. the second is a press conference at 11:00 in dublin. the key thing is ryanair. iag says it will not do a deal if it does not sell its 30% stake in ryanair. we are hopin

stephen: shares in aer lingus in london and dublin -- and london the shares are up 2.5%. in dublin, they are up just over 1%. ryanair is getting a boost as well. their shares are up around 1%. generally, all the european markets are trading in the green. genie: businesses do not seem to be celebrating the prime minister's first year in office. stephen: business confidence fell this month come a back to the same level seen before modi took office. the index is at a closed level since july of 2013. the prime minister is making an india campaign to boost manufacturing. the sector fell for a fifth straight month. shares fell by 5% after the company announced 50% fall in that profit in the first three months of the year. as a result, it will not be paying a dividend to its shareholders. changes in current to values and falling demand for land rover cars are to blame. in china. a photo messaging app is expected to launch on the stock market and will not be taking any takeover offers. chat is valued at $15 billion. -- snap chat is valued at $15 billion. google, yahoo!, and twitt

now aer lingus. pulling all these things together and aer lingus is where he actually started out as a pilot areas in some ways you have to think that he is returning to the company he started out with an there is some sense of validation about that. mark: now the top stories on bloomberg this hour stanley fischer said they will consider global growth. they could increased borrowing costs more gradually should the world economy falter. the way it -- fed will way how raising rates will affect other nations. general electric has announced stocks with -- according to people familiar with the matter. no deal has been reached yet and the discussion may still fall apart. one says that g.e. post to come to a deal by the end of the quarter. he promises his government will do more than argue about europe as he lays down a legislative program august on tax cuts including the queen's speech which will be delivered today. business deregulation and nonprofit housing associations to sell homes. caroline: you can j

he used to be the ceo of aer lingus. he has been put in charge of which issition period taking longer than people had anticipated. , one big bet,p macau's firstned new project in three years. ♪ mark: welcome back. revenue is macau's slumping, hotel and casino operators are investing in the future of asia's biggest gambling hub. unwrappedertainment phase two of its planned $13 billion macau investment today. bloomberg was given a poor of the new rates carlton -- ritz-carlton. -- given a tour. >> galaxy prepayment is hoping for a repeat performance as it unveils space two of its resort casino. marian has partnered in the development, building asia's biggest jw marriott and ritz-carlton hotel. develops from gaming hub to world destination. , our customeray will move elsewhere. launch are expected to studio city later the seer with wind, sand and mgm -- wynn sand and mgm. the ritz-carlton says demand is already strong. as we have a new product, we will be displacing some business the next 12 months, we are looking at and 8

an irish -- lawmakers in ireland approved the sale of the government's 25% stake in aer lingus to iag. iag is the owner of british airways, and as it looks to complete the takeover of aer lingus, one hurdle remains. it still needs to reach an agreement with the remaining big shareholder, ryanair, which holds a 29.8% stake. another billionaire says he is ready to give away more than half his wealth to a good cause. the founder of giovanni yogurt has in estimated wealth of $12.4 billion. he wants to set up an online foundation called tent. turkish born entrepreneur is making it part of the giving pledge created by warren buffett and microsoft founder ill gates. they are asking billion is -- microsoft founder bill gates. they are asking billionaires to give away more in their wills. the former home of the late michael jackson is up for sale. neverland ranch is priced at $100 million. jackson bought it in 1987 for $19.5 million. the property has 22 buildings including a six-bedroom, 1100 square meter home, and two guesthouses. there is a 50 foot movie theater that has a stage with trapdoo

francine: are we closer to iag taking over aer lingus? benedikt: ryanair plays a key role in this battle. iag wants backing from the irish government and ryanair on this. we have a cabinet meeting in ireland today by the government. we might get an update. it is likely they will throw their weight behind the bid and then iag can go ahead. the ceo of iag said they are not in a rush to do it and they want to make sure they do it right. we might see some movement today around midafternoon. watch out for that. francine: thank you so much. coming up in the 1:00 hour, we will be speaking to the ryanair ceo, michael o'leary. we are joined by barclays european airlines analyst. great to have you on the program. ryanair has guided five times above what they were forecasting in the last year. this is pretty impressive. is it because they are playing catch-up or are they really doing that much better than all of their competitors? >> partly, they are always very conservative with guidance. we have guidance for the full year of 2016 that includes a w

the 25% stake in aer lingus. it paves the way for the takeover of the irish airline and i e.g. -- iag looks to enlarge the group. chanel and louis vuitton was the only luxury brands to increase in value last year. that is according to mill worth brown. vuitton rose 20% while chanel rose 15% to $9 billion. up next with the imf payment deadline looming, greek officials planned to meet with creditors in brussels. francine: welcome back to "the pulse." greek officials plan to meet with creditors in brussels today to secure a deal before the country meets the payment to the imf at the end of next week. for the latest let's go live to hans nichols before he makes his way to dresden. it is not looking very promising. on the boy -- hans boy -- hans: you had a u.s. official overnight saying the secretary of treasury will be warning about contagion and the unpredictability of the global recovery. contrast that with the german view. we just heard from schmidt who is a key advisor to angela merkel and he repeated this argume

the irish government has a 25% stake in aer lingus. the unions are not happy and they oppose the deal. a former trader has gone on trial in britain for the so-called liber scandal. he has been charged on conspiring with other traders at financial institutions to manipulate global interest rates. liber is a key interest rate that affects other financial systems including car loan send -- car loans and mortgages. he denied all eight charges. i will be back again in one hour with more business news. annette: thank you, markus karlsson. we will take a break. i will be back with more news. in the meantime, stay with us on rom pacifica this is democracy now! >> with today's vote, we have disclosed who we are -- a generous, compassionate, bold and joyful people. yes to inclusion yes to generosity yes to love yes people marriage. amy: ireland has become the first country in the world to adopt same-sex marriage by popular vote as 62% of this catholic country backed a

the government in dublin ireland, discussing today whether it will sell its stake in aer lingus. the irish state owns 25% of the carrier. iag wants to buy the airline but there is concern about jobs. genie: to wrap up, speaking of trial, it seems more and more tourists are flocking to cuba as relations with the u.s. have warmed up. >> people are trying to go to cuba before the americans get there, despite the fact that they are there already. they travel mostly through other countries in central america and the caribbean. there are rules on the people were needed for citizens to go to cuba. overall, tourism is up 14% in the first five months of this year, over 1.5 million visitors going there as well as a number of french, german, a british tourists. genie: time now for the pressure view. -- for the press review. we have got belle lupton with us here today. today's press is looking for the most part at this controversy brewing now between the u.s. and iraq. joe biden has been doing damage control. he called iraq's prime minister after the u.s. defense minister made comments sayin

jonathan: we are waiting for this aer lingus deal to go through where are we with that? kari: it sounds like things may be coming closer. they have gone to the european union, the government has gone there and they have sounding boards there to see if they would approve the deal. it sounds like the irish cabinet will be discussing it today during a cabinet meeting and may come out with something after that meeting. jonathan: busy analysts journalists including busy reporter carrie lindgren. the wave of dealmaking between u.s. cable companies looks set to continue. the latest is with charter communications with time warner cable quite a premium is likely to be paid. caroline hyde has the details. caroline: they are trying to get hold of a company worth more than double of what charter communications is worth. charter wants to buy time warner for $55 billion. that is equivalent to a 14% premium. it could be announced as soon as today. part of it is cached about $100, the rest would be stopped. shareholders are wanting $115 in cash and the rest would be stock. the premium,

lingus. the airline is open to talks it a formal proposal is made. phone attempt have been rejected by regulators. scary moments aboard a singapore airlines jet. it had to go into a dissent to restore power to with tensions after they both malfunctioned in bad weather. the plane was cruising at 39,000 feet and routes to shanghai prime singapore -- from singapore. the aircraft lost 30,000 people for power returned. it landed safely in shanghai. airlines are not having a good year. take a look at the bloomberg u.s. airline index. if you look at them from their high in late january, they have lost as much as 21%. that would mean a bear market for these u.s. airlines. carriers have been doing really well, trying -- flying really high. they wield a lot of pricing power over passengers. the consolidation means there is a lot less capacity and you and i did not have a choice if we wanted to go to california over whi hawaii. takings a capacity creep place that is reducing some of that pricing power.

lingus, and irish airline. both companies benefiting on the acrobat news. companyay here, this has been punished by investors for losing out on the opportunity to buy a stake in time warner cable. ,oving onto commodities here currencies, the pound, interesting day, starting up with a lot of strength and a huge bound of dollar strength sending the pound down, and it was the same story for the euro up in there, but then the same story right, a huge bound sending it down from a preliminary word from one greek official saying that maybe something is in the works terms of the framework deal on the staff level. interesting in any case, helping the euro towards the end of the day. back to you, julie. julie: we are also looking at some of the large movers in the united states. tiffany is the best performer in the s&p 500. exceeding analyst estimates, even though it like many competitors had been hurt or the currency conversion, as well as by people from other countries perhaps spending less and north american stores. t

francine: what's the future of aer lingus? michael: i don't know. it looks like the irish government is likely to accept the offer. that would lead to iag making an offer. when we do the board will consider it in due course. guy: where do you see them going and where are you hedging? michael: we continue to hedge. we are a hedge for our march 16 year. where hedging out into march 17 around $60 of their -- a barrel. we're looking at fuel savings of 200 million euros. i think some of that will lead to lower prices. it's inevitable. in europe, fares rose. as oil goes down, prices will come back down. as we expand into more primary markets i think we look forward to driving prices down because that is what our competitors don't want in europe. francine: how much has the weaker euro helped you out? michael: not much. a huge portion of our business takes place in europe. i think it helps. i am not sure that our business when you look at the growth in our traffic, there is a seismic shift in the market away from high fare carriers to ryanair. we certainly

lingus. ahold is on track to meet full year expectations with first quarter sales rising nearly 15%. this after the dutch food retailer posted weaker than expected first quarter profits hurt by lower margins. you can see that stock up by by .3%. officials have been arrested in switd switzerland in connection with bribes. they face extradition to the u.s. they confirmed that the charges relate to fifa's handling of the world cup and other international tournaments. the six officials were detained in zurich where fifa has its headquaters. it's alleged that the bribery was organized in the u.s. and that the statements were made using u.s. banks on american soil. this is a developing story and we just got a flash. they're questioning 10 individuals that took part in the voting on the 2018 and 2020 world cup as members of the executive comemittee at 2010. fifa is scheduled to hold a press conference. we'll bring you that live as it happens. >> queen elizabeth will set out the government's legislat