>> fighting the threat at the station. late decision day for ecb. will mario draghi leave rates unchanged? we have the latest. >> battling for the tv box. amazon joins the fight with the launch of fire tv on a video streaming device that goes head-to-head with apple tv. and fancy a takeout? service makesaway its market debut today. hello. welcome to "countdown." edwards.

oomberg reporters are standing by around the world to deliver headlines that will drive or day. caroline hyde has more on the amazon fire tv. also steps being taken by the chinese government to support wrote. manus cranny has a look at what is on the menu for just eat in london. the european central bank is meeting today. concerns field growing that it is sliding toward a spiral. david, good to see you. will the central bank at today? what are you expecting? are looking for a

cut in the refinancing rate down to zero. most economists expect not to do anything on the front when it comes to interest rates. there are other things going on. there is quite a bit of discussion going around this. they give everyone quite a bit of shock when they saw the number. there is an argument that the european central banks simply isn't discharging its mandate. that mandate is to keep prices below or near two percent. they have been closer to zero percent since november. that is one side of the argument. the other side says the headline number that came in for the eurozone insulation is an anomaly. that is based on the structural reforms that are going on in some of the peripheral countries. by thember is influenced fresh food and energy prices.

if you strike those out and look at core inflation, you've got 0.7% of 21 by one percent that is a lot more comfortable for the european central bank at the same time, mario draghi doesn't seem to be turned to bring some of that governing council on board to the consensus that the european central bank might be able to act if necessary. >> is that what he is doing then? trying to build consensus toward some action? there has been negative rates and qe and the possibility of those policy instruments being used. how does that fit in? we can run through those. they noty interesting even talking of these areas. rates, maybe that is

an appropriate measure for bringing down the euro. if it could bring down the euro, that would give european economies, certain exports, that of the boost. it is also said on the quantitative easing that it is not generally out of the question. this is very controversial bills that the european central bank and he says it cannot by government bonds. that would be financing government. maybe they should by private bonds. there are other tools in the arsenal. maybe mario draghi will talk about some of those. he seems to me the consensus is saying for the moment, they will be sitting on their hands. >> we will continue to follow this story. dual bring you full coverage of the european central bank rate decision and the press conference that will be at 12:45 p.m.

by theision is followed press conference. stay with the european central bank. mario draghi is getting advice from christine lagarde. we have called on the central bank to act and easy monetary policy. there are risk that our cutting the sluggish recovery. gearsneeds to change toward sustainable growth. let's move on. amazon is joining the battle for the living room with the launch of fire tv. it is a set top box that goes head-to-head with apple and rogue who -- roku. here with more is caroline hyde. take us through the basics. what is -- what does fight to be have to offer? >> it has that content.

amazon has invested big to get the content. a lot.ld get they have exclusive content. if you get it on the tablet that they make, but it doesn't fit the screen. they're making the hardware. fired tv is the same price as apple tv. it is $99. you also get more than 100 games. it will not lure over the harder and game junkie -- hardened game junkie. but this is pretty savvy. it has more than 100 games with commands. with your voice and it would be easily selected. it is pretty powerful. you could play your movies and your content and string you tv that much quicker. mainly this is

becoming an amazon addict. they want to sell more amazon prime. $99 a year and one day delivery premium option that i have. you want us to buy everything. >> this is another one of the perks of being an amazon prime customer. you get more from this. >> precisely. this is why they want to lure people over. looking at the price points -- the apple set box is $99. it is a similar price point. they're trying to rival apple and also roku that has a premium set top box. cheaper, but it would have really hurt microsoft too much. -- it would not really hurt microsoft too much. the jury still seems to be out.

this is notaking exactly revolutionary. it is better than anything else that is on the market. it is quite expensive. i think interestingly in the , will this hurt the likes of skyb? virgin? comcast? verizon? more people are going over the top. they do not want tv. they do not want to have to pay 40 pounds a month to get all of your cable options. really want to get tv streamed on demand. many are just going for the set top oxidants. -- boxes. >> we will continue to analyze this dory.

-- story. thank you. china is ramping up its efforts to support the economy and create jobs. david has the details from hong kong. what is the latest? good morning. yesterday they came out with a series of measures. it is targeted toward areas of the economy where they do see it is needed. the thinking from them and i am quoting the statement is that they are saying that we must roll out policies that is for business effectively increasing demand and boost jobs. we're looking at extended tax cuts. they have extended the deadline of that to 2016.

housing is along the lines of a push to get people out of the shantytowns and into newer buildings. in that way, they can force in assessment and consumption within those areas. 6600 kilometers of new real ways that they're planning for this year. it is about how targeted this is going to be. i to spend 80% of the central government budget that will be allocated toward the less-developed parts of china. meaning the central the western parts of china. doing but thena question of leverage and debt in the economy? that is something economists

have an quite vocal on. have.y we conducted a survey in the last two weeks of march and the growing is that it will much faster. households, corporate, and government debt are at 225%. they see that topping 236% in about two years from now. debt will go up in the short-term. of these must be allowed to roll over -- companies must be allowed to roll over debt. >> thank you. .ondon is still hungry manus cranny is following the latest company to ipo. give as a taste of what we are watching. >> just eat sounds like a 1980's record.

many restaurants have signed up for this business model. for it torepared solve their in commerce problems. ka-ching. if you didn't ask for in your range.g, the top of the you'll not get a piece of the pie. did you like that? >> very nice. >> a feast. >> i will be starving. thank you. i will give it a try. [laughter] >> just ahead, what are the chances mario draghi will introduce new easing measures today? ♪

>> welcome back to "countdown." i am anna edwards. a swiss bank saying they will take an extra charge in relation to the u.s. tax dispute.

they're taking a charge of 475 million francs. it is for the purpose of paying taxes. net income for 2013 is -- becausehat extra charge of the u.s. tax probe, that is a headline coming in from credit suisse. we'll get more analysis later. the stake in active the top story. ecb officials gather in frankfurt. mario draghi must judge whether the factors weighing on prices are temporary or warning signs of japan style deflation. weigh-in on what mario draghi will do and should do. they may not hit the same thing in your mind. >> the situation isn't that far

removed from where we were a month ago. the ecb having a new said of staff forecast going out -- >> would have been a good time to move them. >> but they chose not to do it. this time along, the catchy number we have had is the fact that inflation has come down. markets are not taking the ecb might be more worried about continuing disinflation longer than they thought. think the ecb will act today. even with that number on was worse than economists had forecasted and is getting closer to zero, it is

getting further from the target your it even with that, the event hasn't been a dental not to prompt action? >> that is right. we are getting a slow but steady recovery. it has been suggested the situation is so mature month ago. in terms of the economy been close to what the ecb calls the ace line scenario. then hasn't really changed. inflationary side come at we know it is lower than the ecb target. the main reason is that food and energy costs are either falling on the year or it has flattened out someone. if that is indicative of the ecb mindset, they will not use today. >> they might be looking through

this current week this. they have been talking about how quantitative easing the theoretically be possible. beene other hand, he has one of the voices to suggest to look through the current weakness and inflation because of those factors that are beyond the -- their control. >> that is right. the practicalities of the ecb doing qe are very difficult. which bonds do you buy if your conduct in transactions and in what proportions? your opening -- >> you might be building up so kind of sin senses for the next move.

>> perhaps it is -- >> he might be building up some kind of consensus for the next move. >> perhaps it is. >> ok. thank you. the chinese government acting to boost their economy. we will also get other developments around the world. ♪

>> welcome back. i am anna edwards. it seems credit suisse is having to increase the provisions that it has made against u.s. tax liabilities. they're taking a 478 provision for u.s. taxes. loss twos their q4 net 468 million swish frank -- swiss franc after the charge. date and credit suisse on the tax liability in the united states. we will have more analysis on the story as a go through the program. china. about

the chinese government is taking steps to ensure that their growth target -- what do you make of the latest development? >> quite the presidency the manner of the package announced overnight really. have been the case, the chinese economy does appear to be slowing down more than the authorities would want. >> they have been trying to engineer a change away from some of this infrastructure and toward other things, the consumer driven economy. have they overestimated the speed of which they could ring about that transition? >> it looks like that is the case. you have hit the nail on the head. it is a transition.

they will always be very difficult. they will have to tweak policies left and right. that could be the catalyst for something more substantial. >> that would be the kind of monetary stimulus people have been talking about in the economy. the thing that is likely? >> that would be the likely scenario. it is not an easy economy. >> let's look at the u.s. they will have the jobs report released later. you got the gauge on the manufacturing or.

they have both moved in the right direction. came in lower than economists have been estimating. what does that help us of how we are progressing in terms of the u.s. recovery? that we areppear getting some traction now. this might be the first reading them in the payroll numbers in quite some time. >> there might be some catch ups from previous months. >> yeah. exactly. we should see stronger numbers than last month's ratings. -- readings. those limits have been distorted by weather factors. you're beginning to see most of the economy recovering and getting traction. the housing market is a big western -- question mark. >> thank you. coming up, and credit suisse has reported a net loss in the

fourth quarter. there was an increased charge in relation to taxes in the united states. more on that when we come back. ♪

>> welcome back to "countdown." i am anna edwards. check. your fx >> economists were surveyed here at bloomberg. checking in, we talked about it.

there is a strong data. it is setting up. >> thank you. these are the top headlines. another deadly shooting at fort hood. >> our hope for the program to

, is that the tensions go away. but they come down. -- that they calm down. say it would be historic mistake. they spoke to charlie rose about the crisis. >> it is difficult to speak about expectations. they can live up to the international obligations and engage in a constructive dialogue with ukraine sooner

rather than later. >> you can watch the entire interview in full on charlie rose right here on bloomberg tv. we have had some breaking news from credit suisse. they are reporting a net loss in the fourth quarter. they are increasing that charge in taking a bigger position. manus cranny has been covering this story for many years. [laughter] >> this is progressive. this is another move by credit suisse. they are added to the provisions. by the end of 2013, they have taken a provision of 175 million swiss francs. their surprise they did not take more. this is step two.

it is an after-tax charge. that means they will restate what happened in the fourth quarter will stop that takes us to a loss for the fourth quarter. 476 millionin at swiss francs. dougan went to the senate committee a couple of weeks ago. got quite a hard time from some of the senators in terms of justifying what happened to credit suisse. avoid --abide -- >> this all goes back some years. >> correct. do business with american citizens and slide them into switzerland. we have run stories on this before. very glossy magazine.

the senate hearing was on february 26. senator carl levin says this is the next big issue. usis a provision that takes to a wider net loss. over theut handing names, handing out richard be russian. handing out retribution. >> out go some members of the swiss business glitterati. >> you are right. >> one is stepping down from the board and another prominent name. around theiroves

board level. they are telling us more about pay as well. >> indeed. 26%.'s pay will raise by i suppose that says a lot, doesn't it? happy days. this is not the end of the story. we could look into a little bit more. >> thank you.

it is a big deal in the united dates. not it is coming to britain. .hale oil and gas u.k. fracking companies are facing challenges. how gibson reports. 10 stories high. this rate could change their britain landscape in more ways than one. they are testing it for natural gas and have plans to build a lot more over the next two years. it is not alone. the development will make a big difference. theill not prevent implementation of natural gas from other parts of the world. it will reduce or add in an source of growth for the u.k. and perhaps add some jobs. sites have also

attracted the attention of others. local residents have made their feelings clear. they have tried to delay the project. this is not just about natural beauty. they're worried about their health and damage to agriculture. 100 -- 132 gary kaz. in a contaminant that comes at of the wellhead always end up in this ditch because he is connecting a man-made itch and this is where it goes. i am conscious of the fact i of me.e ahead >>ck supporters of fracking that is subject to independent

well examination. there isof protection withards and practice. >> shale abundant on every continent and conventional sources harder to extract there is little chance it will route remain untouched. isjust ahead microsoft catching up. it has just released software that includes seri.n rival to apple's stay with us.

>> the price of existing is asked acted to fall by half. the new shares will be nonvoting shares and would allow the founders to issue stocks without diluting their voting status. luxury desires --

more thantock is down six percent in hong kong trading. debteeking to debt -- cut costs. glencore is replacing their credit line. glencore is benefiting from lower interest rates. welcome back. the time is 6:43 a.m. annualft renewed at its conference for developers. what is new at microsoft? >> a new version of windows phone and there are two things to pay attention. the is the introduction of search function like siri.

the idea is to take on siri, if the windows form -- phone platform a more exciting one. a second development is the one in here for manufacturers. they will offer windows phone free of charge. there will be no licensing fee. if you are a manufacturer and you agree to put windows phone on your mobile device. intoare desperate to get mobile devices as we know. this was the big moment. he has been ceo at microsoft since february and this was his second time on center stage. have a listen. >> the goal for us is to step up to provide the application and services that empower every user. across all the devices and all these experiences. that is perhaps the job number one that we do which is to empower people to be productive

across all devices. >> it is easy to understand why it is job number one. you can think of pc sales, they are forecast to did line again. idc, a research group that is a big believer in microsoft possibility to push into mobile devices says their market share among mobile devices will grow which will give them how much do you think of the market? seven percent. coming from a small base. you have android which will still even if that was to be true have 76% of the mobile market. apple 14%. they have a lot of catch-up to do. >> you have to wonder what will happen when microsoft is putting the emphasis on voice recognition. it is all about voice recognition is well. else thee about what

windows system will look like. it is for diehard windows fans. >> they recognize as you bring out the bells and whistles you have to pay attention to your core group. they brought back the start menu area they took it away last year. who is this for? i did not notice it had gone away. a lot of people did and demanded it and they were unhappy and they were lured -- worried about losing loyal customers. we all remember where it is or should be. it is back there. on to theiring loyal customers or trying to. >> thank you. hey going to the doctor? this could get you off the hook. you can share photos or videos. the ceo tells me her biggest challenge has been security.

>> this is changing the face of health and revolutionizing the way doctors and patients committee kate. you're trying to describe a rash it is easier to show a picture. is easier to child share a video. we have had doctors tell us that having the ability to see a photo, they are able to keep the patient out of the emergency room 50% of the time. a year ago it started in the neurology market. since then we have expanded to orthopedic surgery, and the ecology, plastic surgery and cardiology. the one thing that kept me up at night forever was being fearful about our security.

if dr. store patient photos on the phone and it is not secure it could be a fine per photo. if we are not secure does not matter. capture has made it so that our data is encrypted on the go. no data is ever stored on the phone or device itself. received an innovation award from the american heart association and two of the top managed care organizations in the u.s. are paying customers. believe it will be a name in every household. the ability to take two photos and share them with your doctor will have a positive impact worldwide. up, we will tell you after thecameron

break -- david cameron [inaudible] after the break.

>> welcome back. but stick a look at today's papers. i am joined by elliott gotkine.

but come to you first. beens is story that has dominating the news. that is the crystal low to the east talks. israel reneging on the release of prisoners. hebrew language paper. the headline saying a push to save the deal involves releasing [inaudible] in exchange for the palestinian prisoners being released. you can see, u.s. officials enraged over the top. another story there about a turtle that has been rescued. it is part of a breeding program.

>> that is lovely. thank you. elliott gotkine in tel aviv. how do you follow that? >> williston, north dakota has a problem. they have a lot of shale oil. maybe half a million barrels. they have too many men. they come to the town to pump the oil and they are there for a couple of years. >> there are towns in australia that have a similar problem. >> it is basically man camp and seedy dives and the town has had enough of it. a recreationing in center. 73 million dollars. subdivisions, doesn't -- a dozen restaurants and it is about turning the town into a place where families are happy.

>> i thought you would say they were bringing in women. not that extreme. >> providing the conditions that might encourage women. >> they want to become a wholesome place. >> chicken wings. because people love that -- women love that type of stuff. they could add some caviar. we have the grand national coming on and apparently there is a formula that can make this all the easier and make your winnings that much bigger. he has developed a formula.

he studied 159 grand nationals and analyzes the names and the age of the horse and he thinks they are nine years old and they usually have a one letter name beginning with m. the winner will be [inaudible] it is allthis, about starting with the m. >> my strategy sounds nice. worked.ula has not last year he picked sea bass. not do math but they do have chicken wings. know where david cameron

likes to buy his food. this is in the telegraph. he has lavished praise on the supermarket chain and on the online delivery service. he and his family are customers. the reason he likes it so much as he says the customers are more talkative and more engaged. it takes him twice as long to get around the supermarket because the other customers want to stop him. how often does he do his own shopping? i thought is that really a good thing that it takes twice as long because everybody wants to talk to? we do not know his view on chicken wings. there is a silver lining.

next hour. in the looking ahead to the ecb rate decision and christine lagarde. stay with "countdown."

excess apprise loss for credit suisse. writing down nearly half billion tax probe.s for u.s. finding the threat of deflation. well mario draghi leave rates unchanged as he builds consensus toward the central bank's next move. we are i've with the latest. battling for the tv box. the launch of fire tv, a video streaming device that goes head-to-head with apple tv.

a warm welcome for the second hour of "countdown." it has gone seven a.m. this thursday morning. we're standing. -- standing by. been digginghas into the loss of rick credit suisse. hyde has the details on amazon's latest launch, fire tv. coming ino's keep london. making it stockmarket debut in an hour. we will be talking to one of its competitors. we will look at the battle for that market. the european central bank is meeting after surprise inflation rating of just 0.5%. fueling concerns that the single currency zone is sliding into a spiral of deflation or even lo

wflation. christine lagarde is adding pressure on mario draghi to act. what are we expecting from the ecb today? >> probably no movement in terms of interest rates. christine lagarde is concerned about the quiet growth, the unsure growth that we're seeing across the world economy. she wants to see further [inaudible] in europe. people are saying this is a bank that is not discharging its mandate. that mandate to keep isis below or near two percent. prices have been closer to zero since november. you have got one figure that everyone is arguing about. that is the figure of 0.5%. some people say that is proof that we are moving toward deflation. in spain we have got falling prices. you have other saying take that 0.5% and they're saying that is

an anomaly. because of structural changes in the periphery. if you strip out food and energy prices you have higher core prices. the bottom line of all of this comes down to inflationary expectations. mario draghi has been arguing that up until now inflationary expectations are not taking hold . i suppose that will be the key thing. will it be a shock that moves inflation expectations down toward deflation? that is a big risk. >> let's talk about what he is doing behind the scenes. doing some consensusbuilding toward taking some action soon. in that light how do the comments on negative rates and qe, how do this play and? >> i think mario draghi is extremely concerned that we could be going into a deflationary spiral. recognizesk and it is d.

at the same time he does seem to be drawing consensus within the government council and the most important voice to come out and support that consensus. negative rates perhaps would be a good way of bringing down the euro and importing inflation. private assets, not sovereign assets. there will be a lot more in the press conference. >> bloomberg television will be ringing you full coverage of the ecb rate decision and the press conference live later on today at 12:45 p.m. rate decision and the press conference later on. bank reported a net loss after a charge from a u.s. tax group. manus cranny has been following

the story. >> it is all about tax. they're one of the biggest banks under investigation. 14 in total. you help of 4 -- americans avoid the iris, that is a big no-no. it has cost credit suisse again. restating the fourth quarter numbers. it will mean they will take a loss in the fourth quarter. this is the second time in as many weeks that credit suisse has come to the market. this is on tax so they are going to take a hit there. it is 468 million. that is just a couple of weeks ago, they took another charge for the federal finance agency in regard to fannie and freddie .ac to dugan.e spoken wereied to push him, we

surprised why he has not taken up more of a position. can tell you what he said. are making good progress overall. we have a number of issues unresolved and we have one of fhfa.arger issues, the the number i just talked about their. takene feel we have significant reserves during the course of the last couple of years and that is what i have taught it appear. 2014, 468 million. by my reckoning, billion dollars. this is for tax. the reason that is important to bring our attention to the number, take your mind back to another peer group called ubs.

. .

>> welcome back to "countdown." i am and edward -- and edwards. >> let's kick it off with the dollar sterling. one dollar 6645. and he recover is uneven cut before a rate the next election. that is sterling yen and it is trying to hit [inaudible] numbers sitting the

roadmap for nice services data. the unemployment number tomorrow. andra says take your profit money off the table. this currency has run its stretch for now. back to you. >> these are the top headlines. barack obama is consulting with his national security team after another deadly shooting at the fort hood, texas army base. a soldier killed three soldiers and himself at the base. it is the same installation where rogue officer killed two people in 2009. aside half setting a billion francs. are warning russia that any further incursion into ukraine would be an historic mistake. there are as many as 40,000 russian soldiers along ukraine's eastern border. secretary-general rasmussen

spoke to charlie rose. >> it is difficult to speak about expectations because we have seen a very determined russian action and crimea. we urge russia to pull back its troops, to live up to her obligations and engage in a constructive dialogue with ukraine sooner rather than later. >> you can watch the entire interview unfold tonight on the charlie rose show here on bloomberg tv. online home delivery services are big is this is -- big usiness. let's talk to the european competitors.

studio.us in the thatnnk you for coming in. give us the lowdown on who is the biggest and some context around the sector. a hungryhouse is part of group called delivery hero. it operates in 14 countries around the world. there neck and neck in number of countries. share. grab for market exit an emphasis on different countries. what about the allegations about this style of business. the best takeout places do not need the help of your platforms another that forms like yours to get customers, they are the one with the one hour wait time and they're not on your system or

other systems like yours. is that your experience? providingout everything under one umbrella. we are a marketing channel for the restaurant to get to new customers. there is very loyal customers who only order from our restaurant. it is about those restaurants not limiting their exposure. are other benefits we bring to the table for the restaurant. we have the combined purchasing power of 10,000 restaurants. there are certain deals we can offer that they could not get if they were dealing with supply directly. workes your business model in a similar way, you charge the take away outlived a flat amount to have your technology on their premises and then you also take a cut of any orders they place over that technology, do you operate in the same fashion? rex exactly the same financial model. were ordering over the

telephone. therestaurants pay for extensive marketing we do to bring them the business. >> do you get pushback from takeout outlets that do not want million bits of kit cluttering up their countertops? >> at some point there will be some consolidation, that is where the market is going. it would be nice to have one piece of kit that the restaurant could use for their own orders and the aggregator orders. that is the way. >> are you surprised that the type of value that has been aaced on a business, north of billion pounds. are these numbers eye-popping to someone in the industry or something you would like to live to. >> among the other deals that are going on out there which are strict the digital companies,

this is -- this has real physical presence. >> no proprietary technology. that is the allegation. >> it is about how many restaurants you have in making sure they're happy with you and getting the customers to become regular users of your service. at the end of the day it is a more convenient way to order your -- ordering your take away there is no reason why most of the customers will not shift online eventually. >> what is the innovation in this sector, it is -- is it about click and collect or is it something else, where's the segment heading to? >> mobile is becoming a huge area. we are doing 25% of our orders by it mobile. that will increase and i think the whole reliability of the drivers is an issue. it would be great to have driver tracking on every order. so you can watch and see where your order is at any point in time. that tends to be one of the common complaints.

>> can we get breakfast question mark we were keen to put some of these services to the test. places that dony breakfast. >> breakfast is an emerging market. some willingfind customers in this newsroom. thank you. the cofounder of hungryhouse. -- hailstormone did to a shopping center in china. that is next.

>> it's time for hotshots, a look at this -- the most compelling images of the day. a massive rainstorm broke the shopping center in kowloon, china. issueg the authorities to a rainstorm warning. elon musk has turned the worlds of finance and aerospace on their heads. why not public transit?

impossible is his speciality. he has a record of turning unlikely ideas into profitable realities. gauguin hung on the wall of an italian factory for years. it is now worth millions. very nice. welcome to "countdown." edwards. let's bring in francine lacqua for the preview. >> we have a little bit of data coming out from the u.s. and investors are awaiting that decision. but get -- let's get that out for you.

pretty much unchanged. closelyfollow that will make or break the banking sector. one of the most active stocks a fter taking additional provisions. watch out for deutsche bank. it might move after it was downgraded. >> we have been talking to one of their rivals, hungryhouse. are expecting it to start trading at 10 minutes past the hour. this is the online retailer planning to -- it is the top range of what we heard of the last couple of days. we will go through that and we will look at the business of selling online.

it is above valuations. this is a business story. we can do more on our tablets. >> they do their business on mobile devices. order takeouty to pizza or curry. in plenty ofe time. >> thank you. francine is back at the top of the hour. tops look at the other corporate stories we're following. caroline hyde is here. kingfisherlook at rising at two percent. and [inaudible] big operations in france. exclusive talks. an 11% premium you might be paying.

-- interesting timing. given that the french economy has been in the doldrums when you compare it to the u.k. the property market is on the front page of every single newspaper. enormous valuations in u.k. property. maybe they are helping -- hoping. aret is not as if they eyeing into this market. they know what is happening in the french market. out on nokiaan eye [inaudible] very exposed to russia. ithas significant sales and will dent because of the russian ruble. it is lessnvert it,

but also they are hurting in general. people will be buying fewer products in russia. they say the profitability will be hit and operating costs will fall. sales are going to fall. they are blooming russia and saying central europe is looking good. this is not enough to compensate as for the weaker russian ruble and the general economy. the talk ofre sanctions came on to the map about whether we will see a recession in the economy. those questions kept on being asked. whether we will see sanctions. we will see how that develops. those of the corporatist worries that we are following -- those

are the corporate stories that we are following. recognition and more power seemed to be the selling point. >> and games. you are not getting the gaming an xbox or sony playstation. it is trying to make it a family-friendly feature. trying to beat the likes of apple tv which does not have the game at the moment. also they're offering netflix and hulu as well. it is access plus the move into amazon's content. they have built up its exclusive content. it signed deals with the likes of [inaudible] you be buying into the amazon content and what they want to do is get you into amazon prime. >> b.y.u. to pay for that next

day shipping and stay loyal. we spoke to a guest drawing a parallel not between other rivals but talking about the light of tesco that have gone into television. another example of a business trying to use the loyal -- customer base to sell them more products. >> and will it be a smart fridge? they have been looking into fridges that will tell you when your butter and eggs will run out. they're trying to make amazon. we will look at the stocks market open. stay with us on "countdown. ♪

>> let's talk about the market open. 10 minutes until markets open. you for coming in. let's talk about the overall market sentiment right now. not far from the record highs in the u.s. how do markets feel as we position ourselves into next week's earnings season question court --? data being distorted

by the weather impact in the u.s. so we are looking optimistic. the figures are starting to improve. we have some key economic data with the u.s. jobs report which could give us the indicator for how the economy is doing going into the second quarter. >> you wonder how many clues he will give us. on the one hand you say the bad weather was over. arethe problem is we playing catch-up with job creation. not necessarily a clean month or tell us perhaps a clean story about what is happening in the u.s. jobs market. >> we will have to take a few months and averaged them out. needwe need to do -- we 250,000 jobs added. into march. on we need a strong figure.

ecb meeting to discuss all the inflation, deflation, lowflation. we are not talking about stagflation. any changes.xpect a lot of this disinflation is either intentional driven by the falling energy prices. there has been talk from some of the more hawkish members that quantitative easing is an option. possibly the most hawkish member is talking about something as drastic as quantitative easing. possibly we could see some action. they are showing more open-mindedness. people thought that something like quantitative easing is illegal by what the ecb is

allowed to do but now that we have had the deposit rates on the table and stopping the sterilization of on purchases, it seems like they have got many more options than we previously thought. >> it is possible, we will see. that stock has had a tough time so far this year. >> absolutely. it is down 20%. dad at one stage because of the statement we had in february. we had the trading statements this morning and it was in line with what we're expecting. the competition in china. there will still be challenging conditions and the u.s. is a challenging market as well. it was in line with expectations which is why we're saying it change when the market opens. >> this is the ipo market. we have another ipo in london.

too early for pizza and kerry, do you think? >> never too early. >> we might put that to the test later. we have seen so many ipo's it seems so far this year. they keep flying off the shelves. >> absolutely. that will be a positive things. -- positive thing. of something that is liked in the market. you have got to be a little bit concerned. there is a red flag in the sense that all the companies are ipoing, we could be entering a bubble. given the lack of activity over the last couple years we see this as a positive. >> rack to the ecb. pmi numbers are coming out from various parts of the lows -- the eurozone. waters the picture being -- what is the picture being painted? disinflation but

the manufacturing numbers and guidance around manufacturing in the eurozone, that is being upgraded. we are seeing the sentiment indicators moving in the right direction. what do the services side of things tell us? >> they are better than we were expecting. greece is falling back into contraction. we are in growth territory. that shows us a lot about how much more optimistic the manufacturers are. we can get positive numbers and gross numbers in both sectors that has to be positive going forward. we are not getting too carried away with the eurozone. >> thank you for joining us. " is next.ve reported a loss.

also keeping an i on -- an eye on a new ipo. that will do it for "countdown." ♪

>> welcome to "on the move." i am francine lacqua at bloomberg european headquarters in london. we are just moments away from the start of european trading. our markets team has everything covered from companies to currencies. here with me now, manus cranny, caroline hyde and david tweed. manus, let's kick things off with you. credit suisse restating fourth-quarter loss. >> bigger provisions, the majority of which are in regards to an ongoing tax investigation by the department of justice. they have been under

investigation since 2011. this is progress. they took a hit just a couple of weeks ago in terms of their exposure to the mortgage market. this is in regards to the tax probe. are we at the end of the tax probe provisions? some people say, not yet. more importantly, if you are a u.s. citizen doing business with credit suisse, are they going to hand over your name to the irs? >> caroline, you're watching amazon. >> it wants us all to become amazon addicts. it wants us all to do our shopping via amazon and tv is another tactic of that. they lure us in with this fire tv. it says it goes perfectly with its prime instant video. you buy the box for $99. you get the subscription to the video. you then our lord in -- lured in.