another batch and what is next for news corp. following the trial in the u.k. prosecutors say they may pursue a corporate case. it is a motley bunch of stories but i can handle it. >> thank you very much. that is what the markets are watching. european markets opening. let's check in with manus cracking -- cranny. >> a motley bunch of stories for ryan chilcote. let's look at what this motley map can give is in terms of equity markets. abe says that deflation is dead. goldman sachs says that you can buy the topix index and get a target of 1450. added $22 billion in new funds to hedge funds in the month of may. you're today, that is nearly $93 billion. the best year since 2007 with money growing into global hedge

funds, equity markets open a little bit lower. we have had german confidence numbers, the gfk confidence numbers the highest since 2006. no risers in germany. on the dying side. and moremore defensive cyclical plays coming under a little bit of pressure. let's check in with the companies we are keeping an eye on over the opening session. we have some headlines in reference. tdf, where the french government, they are placing about 3% of gdf throughout. they are selling part of their holding there, about 3% so they can fund the purchase of 20% ofalstrom. it is pricing at the bottom of the range, around 20. 20.18. pharmaceuticals, what does it take to get a deal done? .hey have been rejected

51 pounds would be the appropriate price to get it done. 3 billion pounds more than currently offered. /4.re up 1 tesco is going to go to their atm. your strategy, your stock at a ten-year low. keeping an eye on currencies. the aussie-dollar. the great debate will be whether australia cuts rates or not. a number of us have done a research and it comes out that the commonwealth bank -- credit suisse says the indication of the odds of a rate cut are turning necessary. goldman sachs would argue against that. the bank of england is at an unimpressive, or an unreliable boyfriend or flip-flopping, saying one thing and doing another. the view from the markets is sell dollar-sterling at one dollar 70. it is not my view.

citigroup bosh. >> let's get back to the white house plan with written on ukraine and the possible sanctions it could mean for russia. ryan chilcote has the details. >> the u.s. is preparing sanctions that would target the technology used in the gas and oil industry. this would effectively be a transfer of technology control where the u.s. government would have the power to review the transfer of that kind of technology on a case-by-case basis and if they wanted to disallow it, they could do that. this is something that they are looking at. they have not actually implemented it just yet. meanwhile, we have u.s. business groups saying they will put ads in american papers and the new york times, wall street journal, and here in the u.k. tomorrow arguing against sanctions. it is coming from the national association of manufacturers, from the american chamber of

commerce saying that more sanctions, more u.s. sanctions against russia will cause -- cost american jobs and will lead to those jobs being seated to other countries who are not implement exemptions. >> what does this mean for its relationship with others in the story? will we see the u.s. going it alone on sanctions? >> interesting. we were briefed on u.s. preparations by three obama administration officials, two of which say they may go it alone. we know the ee you has a meeting on friday. the foreign ministers are meeting today. we just heard from william hayes, the foreign secretary of the night of -- united kingdom. why he says the eu peart -- the u.k. welcomes boudin's words, they want to see action. they want to see them rescind the authorization the use of force in ukraine. he is signaling that he is not overtly planning on using

russian troops in ukraine. concerns remain in the western putin isd u.s. that operating stealthily in ukraine by allowing the transfer of weapons along the russian-ukrainian border, by training separatists. there is going to be a debate. we know angela merkel in an interview said she would like to see more sanctions but i think this is one of those cases where you have the u.s. at first. perhaps we will see some sanctions going into the eu friday meeting and we will have to watch very carefully because as always, it is difficult to get consensus when you have as many as more than two dozen countries in the process but there does appear to be the momentum for at least some kind of action. >> thank you. ryan chilcote on the latest on ukraine and russia. of -- capital.ad

thank you for coming in. if equity investors were looking for reasons to be nervous about strong run-up in equity markets that we have seen over recent years, there are plenty out there, aren't there? geopolitical tensions, whether it is in iraq or in ukraine, they exist. they could be something that the markets worry about and yet the markets are focused on what central banks are doing. as a result, many such as yourself are still buying into this equity strategy. >> yes. one of the themes markets has been low volatility. if you send a message ecb 47 straight days of less than 1% movement in the market. if they're looking for a world strike in my company political events you mentioned. the overriding theme is what central banks are saying. they had a bad first quarter and the u.s. gdp is probably going to put that into picture once again when we get a number.

bonds ine high yield bond inthe high-yield the euro zone is less than the yield you get on the u.s. -- euro stoxx 50. they're not going -- they are going to buy into equities. >> i was looking for a slow melt for the summer? >> i think so. there is no other trade at the time at the market. we still have to believe in ecb. it has the back of the european market. i think we are hearing from the fed is very positive. even last night they said that the fair trade height in mid-2015 will not be a surprise. my personal view is that inflation numbers are catching up even though it is not reported great it is more because the qa numbers are bad so people are forgetting the inflection -- inflation report. >> manish, stay with us. here is what is coming up on "on the move."

the u.k. independence party is coming a jean-claude juncker residential appointment. more on that debate later. prosecutors say that news corp. faces possible corporate charges related to phone hacking and bribery. more on those next. ♪

>> i am anna edwards. this is "on the move." investors are digesting comments

from japan's prime minister shinzo abe. in an exclusive interview with bloomberg, he declares an end to the deflation that has crippled japan's economic growth over the last 15 years. getting out of the relation has been the great theme of the abe administration over the last year and a half. through bold monetary policy, flexible fiscal policy, and the growth reggie, we have wished a stage where there is no deflation. at the same time, we raise the consumption tax by three percentage points to 8% in april to in order to improve. there was no other way to achieve and escape deflation at the same time as restoring fiscal health. while overcoming this in april, we wanted to make sure we did not trigger a red light on progress towards overcoming deflation. this was an extremely difficult time for management of the economy. i believe we were somehow able

to overcome it. we have set a goal of achieving stable inflation of 2% as soon as possible and we want to achieve fiscal health by escaping from deflation and achieving economic growth. >> this week as the administration unveiled the so-called third air of -- era of -- and something on tourism. what did you make of the third era? t of thenk i a lo news leaked out and it would that -- it was not news to us. tois coming down from 35% 30% then it will be a positive. the important thing about the changes on corporate governance. we had the first reforms in the early part of 2000 and that was more than about prioritization.

when you talk about employment reforms, these are big reforms that we are talking about to get independent numbers on the board. by way of comparison, they have done equity for japanese business stock is 8% compared to the 15% in the u.s.. they had eight independent director with corporate governance. i am very positive. -- and weporate taxes see all these u.s. companies trying to shop around the world to get lower rates. let's talk about the u.k. little bit. we had the mark carney -- mark carney testifying yesterday. did he seem like a dove, a talk? >> i think he is trying to muddy the water. yes to run a very straight part because he cannot spook the market. >> is he trying to bring volatility back to markets? >> probably. central banks have been the game of inflation. i think that he is trying to

muddy the water. this, to about unreliable boyfriend, making the news, but i think people are anxious about that first day and interest rising. the big story is getting into play, which is more important rather than the first instance of red rising. i don't think he is going to risk the growth and probably he will drive very stiff line. >> we were having a chat about lack of wage growth whether you look at the u.k. or u.s.. we spoke to -- earlier on who was telling us that part of the problem with forward guidance is that they put all the eggs in the basket of the unemployment rate. unemployment rate came down but wages did not increase. that seems to be persistent. >> if you look at u.s. data, the is worth of household debt anyone trillion dollars. but you are not seeing a rise in consumption. this is down to a recent survey

where they talked about consumers and what would make them consume more. almost half of them said an increase in wages and 20% said increase in -- an job prospector it that is two thirds of what would make them consume more. i think that is key about where the inflation numbers are going to come from. we look at the number in the u.s., it is more than the headline in the weekly wage growth and that is more important than anything else. >> the whole debate around income inequality, wealth inequality has become topical. corporate earnings in the u.s. and second quarter will kick off next month. what you expect -- do you expect? >> i think we might have a slight disappointment in the corporate earnings because market expects a lot. we do not know how the next number is owing to come out or what the fed is going to say. i think liquidity will be a slow burn up because that is the only game in town as of now. if i am looking at bond markets, the u.s. high-yield offer better

opportunity because the other whenyield has less than 4% the u.s. high-yield is 5.5%. >> thank you very much for joining us today. manish joining us from cross ridge capital. faces possible corporate charges related to phone hacking and bribery. this is according to prosecutors during the eight-month trial that led to the guilty verdict for andy kaufman. he is the former "news of the world" editor. here with more is ryan chilcote. >> two things that are worth watching out for. one, rupert murdoch himself may be interviewed by the police in the u.k. as a suspect. that is according to "the guardian." prosecutors may pursue news corp. charges against news corp. itself. that would be a corporate case against news corp. itself.

that revelation is not particularly new. it came out during the eight-month trial that we had been witnessing that ended yesterday. in the u.k., they have rules about how to report on trials as to not prejudice the jurors and make sure the defendants get a fair trial. reporters were actually banned from sharing that with the arrow public because the jurors had not heard it until yesterday. we do know that during the trial , on at least a couple of occasions, prosecutors suggested to the judge that they may pursue news corp. itself. the jurors decisions were received yesterday. rebekah brooks not guilty on all counts. guilty ofn found phone hacking and the jurors are deliberating on the charge of bribery. no word on when they will make up their minds on that. >> what is the likely outcome would? -- outcome of corporate charges? ? have this we

conviction of andy colson on the charge of phone hacking, analysts say it is that much more likely that the prosecutors will now pursue a case against news corp. itself. that of course is up to the prosecutors. what we do know, and this is getting ahead of ourselves, is if there is a successful prosecution of news corp., and we are not even there yet. the prosecutors have not initiated that case, that could going tohe prosecutors the board of news corp., the so-called controlling officers that would have been in charge of the kind of wrongdoing that ,ook place at the u.k. tabloid that those people are pursued. that is where this might be going. news corp. has said we recognize that there has been long doing

-- wrongdoing. we have been cooperating with the police. we have paid compensation to the victims and we have changed our business to make sure that things like that do not happen again. anna? >> ryan chilcote with the latest on news corp.. coming up, if you are in the u.k. you should note that we will bring you prime minister's questions from parliament later on today. he is said to be grilled over his former meteor -- media advisor andy colson after the hacking scandal. that is at noon in london. ceo'st, speaking out on skyrocketing compensation. ♪

>> welcome back to and add -- welcome back to "on the move." i am anna edwards. >> they may have to raise their bid about 30 billion pounds to -- 30 million pounds to get shire. was rejected on previous attempts to take over the dublin-based drug company. it is part of a government plan to raise funds to purchase a stake inalstrom. with themiliar

offering say it is priced at the bottom of guidance at over 20,000 share. haveche bank is said to lost about 26 junior bakers in hong kong open left four months. that is the largest number of the partners in asia for five years. management chain has been shrinking. it is atm season and shareholders focus on executive pay at some of the biggest coveney's. tesco faces shareholder results. joining us to put this into context is gregory elders. kick things off with wpp and why the big concern over the pay packet? >> last year he was up 70% from the year before to 30 million euros. it is the third year in a row we have had the highest pay among ftse 100 countries.

two years ago, shareholders voted it down as part of the shareholder uprising. there is continued concern. there was reform but the thing that is happening now is an additional votes on forward a policy -- pay policy. shareholders will get to vote on his potential annual bonus of four times they salary and at long-term, 10 times they celebrated what they are paying out a deal that was five years. could we see shareholders objecting years into the future? >> laster it was only 20% of shareholders who voted against it. it was only 20% of shareholders voted against it. they need to let the company know that they expect returns to -- >> you mentioned the shareholder spring two years ago. what have the impacts of that been? we have seen changing regulation in the u.k. >> one of the big things that change is that companies have to

have fuller pay policies. what we have seen is that no companies have been voted down. either on their pay report or the lower pay policy. it is having an impact on ceo pay. we have seen in the u.s. and australia that shareholders have been more active as a result. packages are coming down. were you have shareholders less than 90% approval, on average pay packages come down. >> these are now not just advisory votes by shareholders? >> exactly. the pay all as he is a mandatory. it shareholders voted down, the company has to do something. >> way from the banking sector, this is a topical story. we have seen issues around other big banks and now rpx is in focus. >> it is a different case there. majority owned by the u.k. government since the bailout and

the government said a few months ago they would not support raising the bank or bonus caps. from one time base pay. revolts at barclays earlier this year as well as hb -- hsbc. shareholders were unhappy. a thought of wanted to make sure banker pay is not out of line. >> quite an active it -- activist shareholder. thank you for that conversation. coming up on the program, the younger debate -- juncker debate rages on. in the meantime, you can follow me on twitter. it is 8:26 year in london. we will be back after a short break. we will give you a quick picture of the markets as we go to break. things will be weaker. some of the geopolitical tension we have been talking about over the last couple of days. taking a toll on the

market. we will be back. ♪

>> welcome back to "on the move ." i am anna edwards. we are 30 minutes into the trading day. let's see how things are shaking up in the equity markets. things looking weaker this morning. that slow melt of equities we heard referred to at the beginning of the program. manus cranny is at the touch screen with three stocks to watch rate of >> let's check in on some of the big movers. this is the french energy company where the government has 3%eady begun to try to sell of their stake in gbs because they want to get funded to buy alstrom.

the pricing is at the lower end of the target range. great measureso of cement and aggregates come up what else can you talk about? we have a dime great coming through on market performance synectics.ynnex x -- if you want to understand what on a small effect company, they make oil and gas products. the waiting and seeing gain in iraq, waiting for three or four major contracts, is going to hit the tune of 7ts to b million pounds for a great representation of the reality of the impasse in iraq. back to you. >> these are headlines this hour. the u.s. is said to be preparing

sanctions aimed at specific areas of the russian economy, including energy and technology. people familiar with the lurches safety eu may not agree to this next phase of sanctions. two of the largest u.s. business groups are preparing to break ranks with the obama administration over further penalties on russia, citing potential damage to u.s. companies. ukraine's president is calling for immediate talks with leaders of russia, germany, and france after pro-russian rebels shot down a government helicopter in violation of a cease-fire. president petro poroshenko said ukraine will and its weeklong cruise earlier separatists continue to attack government forces. military advisers have begun operating in iraq. they will gather intelligence and start a operation center in iraq. 300 troops we sent to help the iraq the government combat a growing islamic insurgency. jean-claude juncker says he is

confident eu. leaders -- eu leaders will pick him. his candidacy is on the agenda summit.week's let's bring in hans nichols who is in berlin. >> confident indian. he may even ash confident indeed -- confident indeed get. i asked him if he thought he had the vote. he had a one-word answer. >> can you give a sense of how confident you are? any other leaders other than you? do you have this in the back? >> yes. >> absolutely, you're going to the next -- >> the decision is not mine, but everything is indicating that when the decision is made next friday, i guess. >> i know you like a good summit. with tension. when eu leaders meet later this

week, he will be on the agenda. he expects to be elected. david cameron looks increasingly isolated on this and some of his domestic opponents are almost taunting him. listen what nigel frosch had to say when he talked about juncker being the perfect man. >> is perfect for the eurosceptics. he is our man. he absolutely refuses to believe that the public really have a proper understanding of the grand european project. he belongs to that very outdated school of eu thinking. aware ofr seem to be the challenge ahead of him. he did mention that the stability pact will not be offered. there is a policy site to this equation. younger may not have that much -- juncker may not have that much room to move because there is controversy about his likely appointment that the president of the commission. anna? >> hans nichols reporting from berlin.

turning to corporate news, shares ofshire did rise as interestof abbvie's rates. they would have to raise their about 30 billion pounds for shire to bite. >> we are waiting to see what abbvie's next move will be. they made a bid that was rejected at about 46 pounds a share for shire. the shares currently trade around 44 pounds. if you talk to analysts who follow shire, the consensus seems that 51 pounds would get them over the line incontrovertibly. i don't think anyone expects it to go the way of astrazeneca where it became a political circus. you had the prime minister getting involved. shire is much less of a critical company.

>> much less of a u.k. company as well. it has part of its stakes in ireland, a lot of research and relevant activity taking place in the u.s.. >> that is right. it is a plc which makes everyone think it's a u.k. company. it has administrative functions in the u.k. but it is registered in ireland and primary operations in the u.s. this is not echoing through the halls of westminster in the way astrazeneca was. this will be a financial discussion rather than a political one. >> will we were -- will we see an increase? is it likely to happen in the future? >> people say that abbvie is looking at increasing its bid. i will have an likely sooner rather than later given the momentum. under these new u.k. take over rules, they have july 18 to make something happen unless shire consents to a

extension. it likely will happen in the near future. >> the race could be on to get hole whichy closing motivate some of these transatlantic deals. >> that is an interesting subject. if you speak to people on the abbvie side, they say it is not about changing the taxes. it is a deal that makes strategic sense as diversification, as getting access to shire's pipelining becomes feasible because there are tax benefits. as you rightly say, there is legislation pending in the u.s. congress that would make it much more difficult for the so-called inversion trades to occur. if that happens retroactively, which has been threatened, though who knows if that will stand up in court, that could really undermine some of these transactions that we have seen. >> thank you very much for joining us. matt campbell, bloomberg news. up next, google pulls consumers into orbit. we will bring you a preview of the developers conference and

the technology right at its center. ♪

>> i am anna edwards in london. this is "on the move." the google plus developers conference kicks off in san francisco. it has been an inquisitive year and now the focus is on the future of their diverse business. here is a preview of what we can expect to come out of the event.

we are joined now by lee simpson. what can we expect? it can be a bit of a nerdy affair. >> a bit? >> there is sometimes something for consumers to get excited about. >> i think the headlines are going to be on the home this year. it is the first i/o conference of the acquisition of mass. they have been busy. -- nest. they have been busy. they came out with the drop cam. we will be hearing white a lot about the home, -- quite a lot about the home, about home automation and automation of monday tasks and how we can program. the program of our lives we possible. >> you said that maybe there will be similar where you can drive into your garage in your car and suddenly your house resets 40. i don't know how that conflicted people have different rogers. let's talk about the details. will we get a new operating system, lollipop?

>> almost certainly although i can feel -- i can't help but feel that the new os is going to pale into insignificance with conversations like nest. google acquired something crazy, like six robotic companies in the space of a days in the last year. lots of talking points there. we have people who are making robots for the u.s. army, the neuroscience back artificial intelligence company coming out of the u.k. i think that the acquisitions of home, fitness, and health will auto shadow -- will overshadow lollipop. strategy,isition and they can afford to be experiments and they are perhaps being in research develop -- research and develop them, and you look at their research strategy and think it is a good idea where they are trying to get ahead of trends or is this a

business where did it does not know where to go? >> on the contrary, it is android everywhere. android in your home, in your pocket, in your car. in your health and well-being lifestyle. it is android everywhere. the thing that google does with all of that data is going to be the thing that is found the changing culture as we know it. for instance, with help, you can androideveryone using apps and devices. what that tells google about how we are looking after ourselves. the productivity is manifesting in their operating systems and their search systems. it feels like google can make huge contributions in those sectors with all the data is going to get. >> a venture capitalist was excited about where big meets the health sector and what value could be created, what an object knowledge it could be created around that meeting point. android tv is talked about that -- as something that could come out. has been a great

success so there's probably a lot to talk about their freedom their ventures into television have been if he so there is room for improvement. there is news about that tomorrow. probably more around from cast than the -- chrome cast than the tv itself. >> what about driverless cars? i spoke to jimmy wales from wikipedia and that is what excites him the most about technology right now because humans are -- know, we will be completely transformed if driverless cars take off. i feel there is going to be a natural inertia, human inertia, around the notion of getting into a robot entrusting it to drive you places. absolutely fantastic stuff from google and their contributions to all of these sectors. >> how quickly will we actually get consumer products out of these things? android, wearable technology around the system, has been talked about for a long time. google glass, they still don't

even have a prototype out of that. how often do some of these more experimental ends of the spectrum get into our hands? at driverlessok cars compared to things like wearable tech, i think wearable tech is more tensile and likely to be in our lives. it is already in our home. i have ordered my google glasses and i'm looking forward to putting them on. i don't think we are looking at the space age at all. all of these things are already in our homes and they feel very tangible, on the web. we are using android. we are part of the android ecosystem. i think it was predicted that there would be one billion users on the android ecosystem by the end of the year. if thisis is all a -- is all a battle to get us onto an ecosystem, and the companies can know all these information about this, are we going to end systems thatber of

we have now, the apple and google operating system, or are we going to gravitate towards one? will we always be in a limbo with a few operating systems in existence? >> i suspect that there will always be a few but android is really dominating, 80% of the market. there will be a few players. the onus is on the other players to up their game and to create more aspects of their ecosystem for us to get into greater >> -- into. >> lea, thank you for joining us. let's bring you up to speed. samsung's chief executive officer expects second-quarter earnings to be not that good. they have slips from a record in the third quarter of 2013 as sales of its galaxy devices were squeezed by apple in the high-end market and inexpensive chinese phones in the budget sector. shares fell nearly 2% on those comments.

the chairman says profit will climb at least 10% this year. the taiwanese manufacturing company is looking into data centers. shares have gained back -- shares ofhon haj have gained back 20% this year. telefonica agreed to sell network capacity to the german carrier drilisch. telefonica is murdering -- is merging its german unit with drilisch and this is an attempt to win antitrust protection from the european commission. we are also watching iliad. it was founded by france's sixth richest person. the billionaire has what many may consider an inauspicious start. here is rob lafranco greater he is worth over $10 billion? rob, good to see you. where did this money come from? >> telecom and shaking up the

system. who saw thatal guy the french telecom industry was kind of dinosauric and he stepped into the market and undercut half of the prizes that the telecom countries were charging for triple play services, broadband, phone access, mobile, and he did it for triple play services existed in the united states. it is a very un-french story. he rocked in their and upset the market completely. >> he changed the rules. he is the 124th richest person in the world. what sets them apart from others on the rich list? >> it is this bad boy attitude. he dropped out of school. his first business was writing code for all minded sex chat sites. he owned a some peach shows in paris and got into trouble and had to pay fines for alleged

prostitution charges, but never was actually charged with those. he paid fines and all of that. he has been bucking the system since he was a teenager. most of the french fortunes tend to be established family fortunes. >> going against the grain a little bit. what is he doing out at someday might push them further up the ranking? >> what he is aspiring to is to create an entrepreneurial culture in france for technology. he has a team of ventures fund. it is very nominal into her mother's net worth, but he funds two companies a week. year ineetings every his office in paris. he is basically trying to create seed capital and an environment of tech entrepreneurism in paris that is nascent right now. >> he is building a school in paris for computer programming. >> exactly. it is free, i think.

to get in. test it is a logic test. if you have -- he wants to inspire the new google guys of paris, if you will. >> thank you very much for joining us, bringing us up to speed on france's sixth richest person. "the pulse" is coming up an old olivia sterns joins us with a look at what is coming up. to have a panel debating the pros and cons about whether jean-claude juncker presidency of the european commission at me for britain and what it could mean for british business. david cameron, the british pm has stuck his neck out opposing be but some say it might clinically savvy, britain is becoming increasingly isolated. we will break down what that means and also what britain leaving bea could mean for the u.k. and european business. we will also be discussing go pro. you know those little cameras that everyone seems to be strapping onto their helmets and

heads. they are going to price tonight before they start trading in an ipo tomorrow morning. in new york, we will be discussing how on earth the company thinks they could be worth $3 billion and whether it makes sense to be valuing a hardware maker, a camera device company, as a media company. finally we will go big on iberia. we have a ceo of a spanish utility, you -- utility company coming on. we'll talk about how his business is impacted and the cfo of portugal's postal company which went public last year. about how business is going in portugal. all of that coming up in about 10 minutes. >> just the way you were talking about go pro, we showed pictures of someone on a bicycle jumping that bicycle on top of the post box which i'm sure your postal guest would be rather upset about. sure there are rules against that sort of thing in the u.k. maybe not. i'm sure that video will feature

further as we go through "the poles." after a struggle with the french government, the ceo of ge and alstrom are celebrating their new relationship. that story is up next. ♪

>> welcome back to "on the move ." i am anna edwards.

the second worst performer on the stoxx europe this morning. france is selling a 1.5 billion euro stake in gdf. france says it is priced at the lower end of guidance. it will use that to buy a stake in ahlstrom -- alstrom. france will by as much as 20% of alstrom. to celebrate the ge-alstrom deal, the two ceo's met and eight factory in france. >> this is where the ge and alstrom alliance shows its full potential. thethe past few decades, city has been home to factories of both companies. the employees of ge and alstrom even eat at the same cafeteria. alstrom makes turbines for nuclear reactors. ge and alstrom have facilities

right next to each other. turbinege's gap -- gas facility. making -- manys of the ge employees you a work or -- used to work for alstrom. when the ceos paid a visit, it is like going back in time. >> it will be a key part of this alliance from a technology standpoint, from a manufacturing standpoint. together we will build a very growth-oriented, competitive business. >> this is where things can change, and the turbine section, which makes the world's biggest turbine for nuclear reactors. it will become a joint venture with ge. for the alstrom ceo, it means the end of a long struggle with the french government. now he wants to move to the next

step -- getting the unions on board and final approval from shareholders. >> stay with bloomberg television. guy johnson and olivia sterns are up next with "the poles." ♪ . .

>> sanctioned showdown. the u.s. prepares penalties. >> in the bag. why he says he will be the president of the european commission by the end of this week. >> extreme ipo. a wearable camera maker. a $3 billion valuation. ♪ >> good morning. you are watching the polls.