hello. welcome to "street signs." i'm carolin roth. these are your headlines. losing altitude. the uk listed shares in iag sink to the bottom of the stoxx 600 in the wake of the british airways i.t. system meltdown over the weekend. a victory in court for akzo nobel sending the patientmakers shares lower. a judge rejects activist investor elliott's call for action against the company and tells ppg it needs to put up or shut up on a bid offer. ryanair forecasts fares will fall more than 5% in the year ahead, after posting full-year profit at the lower end of its guidance.

the company's cfo told this show sterling's weakness in the wake of brexit was hurting fares. >> sterling has weakened quite significantly. that's having an impact on the fares. the draghi put weighs on on the euro as the currency loses ground against the dollar after the central bank boss says stimulus measures need to stay. >> an extraordinary amount of monetary policy support, including through our forward guidance, is still necessary for the present level of underutilized resources to be reabsorbed. good morning, everyone. it's tuesday, glad you're with us once again here in the uk, especially after that long bank holiday weekend. some of you maybe were stranded at heathrow given the woes

there. let's talk about european markets first. we're seeing the ftse 100 under pressure off by a half of a percent. the xetra dax eking out a modest gain of 7 or 8 points. cac 40 off by 0.6%. ftse mib extending yesterday's declines off by a similar percentage. when it comes to sectors, banks are under a fair bit of pressure. off by more than 1%. this is after deutsche bank analysts cut the sector to an underweight. banks also amongst the key underperformers in italy given concerns about early elections in that country. they could come as early as september. by in large for europe, we are lower for the fourth consecutive day. that may have something to do with this, ecb president mario draghi has signaled the central bank is not ready to unwind fiscal stimulus. speaking at a parliamentary hearing in brussels, the central bank chief offered a cautious

outlook on inflation. >> overall we remain fairly convinced that an extraordinary amount of policy support, including through our forward guidance, is still necessary for the present level of underutilized resources to be reabsorbed and for inflation to return to and daughterably stabilile durably stabilize. >> while the euro fell against the dollar on the comments, we are off by 0.2% off the session lows, off by 0.4% about two hours ago. changing hands at 1.1143. the euro's weakness according to analysts may be down to uncertainty over the greek debt relief plan but also the uncertainty when it comes to the italian issue. bundesbank's weidmann

suggested it was now time for normalcy of the policy. over the years he has been a critic of the loose monetary policy. let's talk the ecb with nic nick artside. i'm scratching my head here. i was thinking in two weeks time at the next ecb meeting we'll get a hint that the policy is going from easy to more hawkish. if he makes those dovish comments in brussels now, that's not going to happen. what do you think? >> it looks odd. extraordinary measures are suitable for extraordinary times and categorically we're not in extraordinary times now. look at the eurozone economy, it's on fire. growth is way above trend. it does look weird. when you look at it, maybe the

ecb are very wary of doing a 2011. remember that was the year when they hiked rates in april, hiked rates in july to cut them by the end of the year. >> i do remember that very well. maybe the ecb is also wary of making the mistake that the fed may or may not have committed when it comes to improper communication around tapering in 2013. how difficult will it be to communicate that to the market? >> i think as long as the market has advanced notice of that, actually it's okay. when you look at the moment what the market is expecting is the ecb really to announce tapering in september to start in the early part of 2018. so, markets are braced for that already. actually, when you look at the performance of bund yields, worst performing market of the year. they started at 20 basis points and are at 30. that trend should continue. >> or maybe the uncertainty around the italian elections. over the weekend we heard that the former prime minister said

that early elections in italy could be held in august or september. maybe mr. draghi knows this could spell something for the economy. >> actually the underlying performance of the italian economy is okay. so you're back to this basic conundrum. the level of rates is not suitable for the level of economic activity. what do you do in the markets then? do you continue to buy eurozone bonds hoping this pledge to stay easing for longer will be in place? what do you do just based on the economic data on the growth numbers on the inflation forecast you should be selling bonds at this point. >> certainly when you look at german bonds at 30 odd basis points, very much a sell there. when you look at places like italy, italian bonds, a little over 2% for the ten-year, they're still in the current environment even with all that

political risk. the other area is to focus on corporates. certainly places like european high yield bonds in europe, they give a yield of 2.5%, 3%, they look decent with that back drop of a strong recovery. >> what we've seen in the uk is that the bond buying has ended. at some point it will end on part of the ecb as well. that should withdraw much of the support for the sector. >> it does. but the really big beneficiary of that, german bonds. the ecb buys most of those. when you look at the corporate bond side, that's pretty well telegraphed. what investors may do there is step out from investment grade bonds into the low-rated high yield bonds which the ecb are not buying. >> let's talk about a popular trade at the moment. that's the eamericmerging marke. i found it stunning last week that inflows into emerging market equities and fixed income was still positive despite all the revelations about potential

corruption buy the brazilian president. is that at odds with what we know about the emerging markets? >> no. emerging markets are the jewel in the crown. that's where the prize comes from. those locally denominated bonds. places like brazil, mexico, turkey, indonesia, all those countries have high yields compared to bund yields or treasury yields, and it's likely the currencies appreciate. remember the back drop, global growth convergence right now. that's great for emerging markets. >> that can run further even if we see further tightening by the fed. >> absolutely. that runs a lot further for the rest of this year. that's where the surprise comes in terms of returns. >> not something that we thought was possible three years ago. but apparently times have changed. nick, thank you very much for that. a greek government spokesperson has denied reports that the country is ready to opt

out of the next bailout payment if creditors fail to agree on debt relief. greece hopes to reach a solution on debt relief during a meeting of eurozone finance ministers later next month. and a dutch court ruled in akzo nobel's favor saying the paint company was within its rights to not enter talks to be taken over by ppg. ppg must now decide by june 1st whether to officially submit bidding papers or stand down for six months. elliott advisers which led the takeover push said in a statement it was surprised and disappointed by the court's decision. let's get out to gemma acton who joins us for more. what choices does ppg and elliott advisers now have? >> ppg is having a board meeting today tohostile. it's very much not their pr

preferen preference, which is why they made three bids which have been rejected. elliott could appeal the decision or keep applying pressure in other ways. it's very surprising. there are so many shareholders. it's surprising insofar as akzo nobel's resistance not necessarily the terms of the outcome of the dutch court. many precedent cases have gone the same way. >> doesn't that put akzo nobel and its management in a real pickle? we know that a large part of its shareholders are actually in favor of the talks being started. they were in favor of the court case. how do you mend the rift when it comes to the shareholder base? >> that's what the court said. the onus is is on akzo nobel to mend that risk. shareholders are not happy with this. what the share holders main point was is that akzo nobel has not even engaged with ppg on this. perhaps the deal is not the best

option. some analysts say there's a lot of execution risk. if there's a deal, it would be subject to strict review it could take a long time for share holders to see their money, so akzo nobel has a big task on its hands to get the share holders back onside. >> i wonder whether there's a bigger message here when it comes to u.s. activist investors trying to be active in europe. for elliott advisers it's proving to be extremely difficult. is there a message here that it's just not that easy when it comes to european corporates because of the laws in the netherlands? >> the netherlands has extremely strict corporate governance laws that favor the companies. one of the difficulties is that every country has different laws. in the u.s. you have the state laws, but on the whole you have the federal laws. it's more difficult to understand the nuances of the legal system, more work.

some of them like the netherlands do have intricate and difficult to surmount legal precedences in place. >> seems the odds are not in elliott adviser's favor given the unsuccessful attempts to split up bhp billiton and now this. do you think there will be more? >> yes, it's what they do. and the investors into elliott like it. >> gemma, thank you very much for that. interesting story. the london stock exchange agreed to acquire citi's fixed income analytics yield book and indices for 6$685 million. citi said the transaction represented a strategic decision. the deal is expected to close in the second half of this year. do e-mail the show. the address is streetsignseurope@cnbc.com. you can also find us on twitter, streetsignseurope@cnbc and tweet me, @carolincnbc. still coming up, theresa may

and jeremy corbyn face tv grilling ten days ahead of the election. could the debate help corbyn close the gap in the polls? we'll find out in two.

welcome back. british airways says it will be operating full service from heathrow and gadwick airports today after announcing computer systems were back up and running again. it warned that it may take time for bags to be reunited with travelers. this after a worldwide i.t. power outage forced b.a. to cancel hundreds of flights leaving thousands stranded. shares off by 2.8 in london. ryanair posted a record

annual profit but the budget airline remains cautious on fare levels going into the season. it says net profits are at the lower end of forecasts but in line with expectations. with just ten days to go before the uk general election, the labor and conservative leaders have been through a tough tv grilling. theresa may and jeremy corbyn took part on one-on-one interviews and answered audience questions but did not appear on stage together. let's get out to willem marx. i guess the press can't agree on who won or lost the debate. what is your verdict? >> i think just having watched it last night, both of them faced difficult questions, neither of them stumbled too dramatically, especially under the historically and rather famed grilling that one of the anchors delivers to his guests. one thing he managed to do is tease out the differences between their personal beliefs and current policies.

with jeremy corbyn that was abolishes the british monarchy, nationalizing the uk's banks. he said though he personally may have believed in those in the past, that was not part of his labour party's manifesto, because he was not a dictator. with theresa may, he went after her on her views on brexit. he got her to acknowledge that she had not voted to leave the european union and campaigned against that, but was now pushing voters to select her as the best person to take them out of the european union. from the audience perspective, both of them got some laughter, both of them got some boos. a lot of them got applause. but there were clearly conservative, labour and undecided voters in the audience which may explain a lot of that. for theresa may, the first number out of the gate was about police numbers and following the manchester terror attacks, that was a difficult one for her to

answer. she was in charge of the police services in the uk for six years, and was overseeing the axing of to,000 jobs over the course of that period. that's a very difficult record for her to defend in the face of terror attacks like the one last week. >> do stick around. we want to continue this conversation. we have alex grier, research officer at open europe around the desk. do you agree with what willem said? there was no clear winner but both obviously facing extremely tough questions by jeremy packsman pack paxman. >> i agree that we didn't learn anything that we didn't already know about either leader. jeremy corbyn came across as m amiable and idealistic, theresa may came across as patriotic, professional but uncomfortable when it came to addressing aspects of her record and changing her mind and a little remote perhaps.

so we didn't really learn too much. this was an effort by both sides to reset the campaign and start on ground they were comfortable on. >> one person who wants to reset the campaign is theresa may. the conservatives have been sliding in the polls looking at the latest survey polls. they give her a six-point lead. how reliable are these polls really? just two months ago we looked at a 20-point lead. we know french polls have proven to be reliable. but given the uk's poor history when it comes to polling and the 2015 elections and brexit, do we place trust in these? >> i think there's been a lot of investigation into the accuracy of polling in the uk. methodology changes. the really interesting stuff coming out is the seat level campaigns. lord ashcroft has done some work on this. what we find there is that, yes, in national shares, labour has done remarkably well since the start of the campaign. if you look at where labour is particularly vulnerable, some of

the northern midland seats, where the historic base alienated there over a clear line on brexit, whether they have gone to uk or straight to conservatives, that's key target area for theresa may. the majority in those seats for labor is small enough, if those people shift it could mean the difference between a small majority and a massive majority for theresa may. >> willem, do you want to weigh in on the polls? >> i wanted to ask about brexit. he brought it up. clearly that was a topic of conversation for both leaders. i wonder what you think the brussels perception of theresa may is given the questioning from jeremy paxton that given her policy u-turns she might be seen as weak when it onlies to negotiati comes to negotiations. >> i think the rhetoric is it doesn't really matter what happens in the election as long as we have a government to deal with. theresa may has shown herself as

quite willing to be adaptable and flexible. if there is an issue going well and issues not going well. so what you have is a negotiator. if you look at what europe wants, yes, there's the ideological position, no compromise over things like single market, but theresa may has been clear on her red lines over immigration, jurisdiction of the ecj. i don't think you can say the same about the labour manifesto. brussels' view will be we need someone to rely on in the negotiation, no matter where the positions are. the uk is leaving. so there is a gap between what the eu wants and the uk wants. the personality they want to deal with is someone consistent and able to deliver on the deal negotiated in the commons. >> is this a bit of a challenge for both leaders, trying to be tough, put forward a tough stance, and clearly showing you're adaptadaptable?

>> of course. politics is four dimensional chess. there's the internal battles as well. jeremy corbyn is making a bold pitch to the electorate. it's about mobilizing nonvoters whether that succeeds at a national level or not, we know this is also about the next labour leadership election this will play well to his base. for the conservatives, theresa may has a job on her hands. the whole reason her back bench supported her is because they were convinced there would be a majority at the end of it. if she fails to deliver that, that's when the questions will come for her. >> many point to the rise of the young voters in favor of labour. is the young voter now the swing voter? >> to a certain extent they have always been the swing voter, but the difficulty is they don't always turn up and vote. if jeremy corbyn is as successful as he has been on mobilizing his own party, if he's successful at a national level, that could be an

interesting thing. historically we know that the leave vote that theresa may has been caught in is very motivated when it comes to brexit, immigration and the older voter. how much damage her social care positioning has done to that trust in older voters remains to be seen. but there is all to play for. >> thank you very much for that, alex. appreciate it alex grier research officer. thanks to you as well, willem. let's move on. japan seems to be facing a labor shortage as the ratio of job offers to job seekers hit the highest in 43 years. >> yes. government figures released today shows the job openings to job seekers in japan for april was 1.48, meaning there were nearly 1 1/2 more job offers

than people applying for them. this was up from march hitting the highest level since february 1974. the data underscores japan's serious labor shortage due to the aging and shrinking population. the manufacturing sector rose 7.9% from the same month a year ago as carmakers and smartphone related dbusinesses were in nee of more workers. construction rose 7% as new buildings were planned for the 2020 olympics. also noted was the jobs to applicants for workers looking for full time work. marking a record high since 2004. it shows the companies are offering more permanent jobs for workers for a longer-term perspective and this higher wag benefits. that's all from the nikkei, back to you. we will go for a quick

break. check out world markets live, our blog which runs throughout the european trading day. we'll be back with more "street signs" after this.

hello. welcome to "street signs." i'm carolin roth. these are your headlines.

losing altitude. the uk listed shares in iag sink to the bottom of the stoxx 600 in the wake of the british airways i.t. system meltdown over the weekend. a victory in court for akzo nobel sending the patientmakers shares lower. a judge rejects activist investor elliott's call for action against the company and tells ppg it needs to put up or shut up on a bid offer. ryanair forecasts fares will fall more than 5% in the year ahead, after posting full-year profit at the lower end of its guidance. the company's cfo told cnbc sterling's weakness in the wake of brexit was hurting fares. >> sterling has weakened quite significantly. that's having an impact on the fares. talking tough and mending ties. french president emanuel macron hosts vladimir putin to denounce election memedalling and talk about the syrian crisis.

if you're just tuning in, let's show you what u.s. futures are shaping up to be. the s&p 500 seen off by roughly 2 points. the dow jones off 10. the nasdaq just turned flat. this after the memorial day weekend providing a long weekend for many. friday, you had to look hard to see any action in the stocks before that long holiday weekend. volumes already dropping off. the dow off two points, snapping a six-day winning streak. the s&p was up less than one point. the nasdaq rose five points. both indices extending their winning streak to seven sessions. when it comes to the european market picture, the ftse 100 off by a half of a percent. aig not faring well after that fiasco at heathrow airport over the weekend. the banks are under pressure, given that deutsche bank cut the sector to underweight and banks in italy suffering from the fact

that there might be early elections come september. when it comes to the fx markets, italian uncertainty weighing on the dollar. 1.1140, also drama when it comes to greek debt relief talks and a dovish message from mario draghi. french president emanuel macron met with his rug counterpart, vladimir putin in versailles. macron accused the country's media of acting like organs of propaganda. that sounds like a tense news conference. >> yes, well, it was pretty tough between the two men apparently even though the meeting was meant to be constructive it was the first meeting between the new french president and the russian president.

emanuel macron wanted to put all the difficult questions on the table. that's why he talked about the conflicts in ukraine, syria, and also the gay rights in chechnya. and in the press conference emanuel macron appeared quite angry when he mentioned the russian state-sponsored media. that according to him tried to derail his campaign. let's hear him. >> translator: we will say things frankly, but russia today and sputnik acted addresss agen propaganda, lying propaganda, no more no less. >> during his campaign there were a number of attempts from russian hackers to destabilize emanuel macron. vladimir putin seemed quite tense during this press conference. his face was quite ridged when emanuel macron made the statement about the russian media.

but the russian president brushed off hacking allegations and also said that russia did not try to influence the results in the french elections, even though it is widely known that his candidate was not emanuel macron but was marine le pen, whom he hosted at the kremlin. never t nevertheless, the feeling is that they got constructive, especially regarding syria the two men agreed on setting up a working group to coordinate military operations in syria and to fight against terrorism. remember there are economic interests at stake since france is the first foreign investor in russia. >> that's a very, very important point, claire. also want to ask you what is the symbolism of president putin being invited to versailles, a grand and historic setting so shortly after the g7 meeting

which he was disinvited from a couple years ago after the whole crimea annexation. >> it is a grand setting. it's probably a way to make up for the very degraded relationship that happened between russia and france during the hollande mandate. it's also clever from emanuel macron, versailles, even though it's grand and sumptuous, it's not as formal. and it enables this meeting to take place in a historical background more than a political background. you know vladimir putin was invited for the exhibit about peter the great. and the next step would be a formal invitation . peter the great was a russian czar open to europe, which is not necessarily the case of vladimir putin. so emanuel macron wanted to show

he could perhaps be the french president that could restore relationships between france and russia, but also between europe and russia. >> all right. thank you very much for that. got a bit of a history lesson there. didn't know that. appreciate that. india's prime minister met with an la angela merkel. the two met at the country retreat outside of berlin. germany is the first stop on the india prime minister's four-nation trip. angela merkel's main rival criticized the way donald trump treated the chancellor at the nato summit last week. in a video published, shultz railed against the u.s. president saying the chancellor represents the whole country during international summits. the opposition party in venezuela has accused goldman sachs of funding a dictatorship. the xheps f comments follow a "

street journal" report saying the investment bank invested 8 $2.8 billion in venezuela's bond market. julio borges says if he comes into power he could forego paying the debt. the country's economy has suffered along with the oil price slump. this is actually the most read story on our website now. head to cnbc.com for more. former panamanian dictator manuel noriega has died at age 83. a chapter in panama's history closes with his death. noriega ruled the central american state from 1983 to 1989 when the u.s. invaded and removed him from power for corruption due to his links to drug cartels. still coming up on the show, fiend out who u.s. senator john mccain thinks could be a greater threat to the united states than

the islamic state, more on u.s. politics after this break.

u.s. senator john mccann says russia is the greatest threat to the u.s. more so than isis. speaking to australian media, the chairman of the senate armed services committee said he hopes the senate will bring new sanctions against russia in retaliation for trying to influence the u.s. presidential election. president trump returns to work in washington without the recent buffers of foreign trips and memorial day. over the weekend the president fired off a series of tweets criticizing the media for what he called fake news. trump also publicly defended senior adviser and son-in-law jared kushner from reports that he sought to establish back-channel communications with

the russian government. a lot to talk about with tracie potts who joins us from washington bright and early this morning. reading in the "wall street journal" this morning that the trump administration wants to reset its direction. how exactly do they do that? is it a staff shake up up? what are we looking at hear? >> we have been hearing rumors of a staff shakeup for a while. it looks like they're setting up what's described as a war room to deal with all these questions about russia. the president has been said to be quite annoyed by these continual developments in the russian investigation tied to his white house and his team. he wants to strike back at that. so he's got some of his stop str top strategists, steve bannon, reince priebus and jared kushner. some are asking kushner to lay

low because of his potential ties to russian officials. the president said he has total confidence in kushner, so we may continue to see him playing a role there. the other thing is the public face of the white house. those daily briefings with sean spicer. we've been told for a while now he may be taking a step back in a role behind the scenes. and they may be putting sarah huckabee sanders who we have seen at the podium out more often with some officials in the administration. seems like they're testing that. we have seen that from time to time. h.r. mcmaster and others coming out, the secretary -- omb on budget issues. it seems like they're trying to shake up how they present their message to the media. >> i guess they're working on credibility here. thank you very much for that. tracie potts from nbc news in washington. let's discuss this further with a senior analyst from north america at maplecroft.

what verdict, what mark would you give donald trump for his first foreign trip? he tweeted, wow, that was a big win, a lot of hard work. the white house wants to portray this as a major success. sounds different when you listen to angela merkel who says we can't rely on the u.s. anymore. >> for the first half of the trip, it went as the u.s. wanted it to go. the saudis, israel trip was a success. on the second part it left a lot of people in europe uneasy and nervous. i think g7 and nato, both takeaways can be seen as a mixed bag. on the american side they wanted to put the themes of america first quite strongly. chastise allies over their failure to pay towards the nato alliance. on g7, wanted to have a bit more tempered language on trade.

>> yet in thatthat tempered lane on trade, wasn't that a win for the g7? >> the second part of the communique is about combating unfair trade practices that mimicked what we saw with the trade ministers meeting and the g20 in march. while you're right there was more of a caveat on that. >> how does the trump administration reset the current agenda and the focus as they say, the undue focus on the russia investigation. is there any way to take the limelight off that? >> it's going to be difficult for them. what they're trying to do is establish two separate communication wings, like what the clinton white house did. have several team deal with those questions.

there's an vision in the house, senate, the deputy a.g. two weeks ago affidavit fir after t the fbi director established that, if they can have that in one wing of the white house and then focus on the core agenda, maybe they can refind their footing. clearly business and republican party business are waiting for deliveries on tax reform, healthcare reform, dodd-frank. >> you brought your geopolitical risk outlook for 2017. you says europe dodges the risk with the french election but it's still shaky. why is it still shaky? because of the unpredictability from the trump administration? >> there is incoherence. on one hand, he has shown himself to be quite flexible. he backtracked on china taxes, renminbi manipulation.

in that one end there's a degree of people finding him to be quite civil. on the other hand, we have incoherence with nato, what we saw out of this trip. so there's an uncertainty that's pervasive. that's causing a lot of the instability. >> the incoherence that you talk about here, i guess everyone has their own personal opinion about this, where do you stand, is this ignorance or is there actually a strategy behind it that we simply fail to see from the public's view? >> i think he was elected for not being a conventional politician. he has no conventional experience. so he says things we're not used to hearing from american presidents or any government leader. as a result, that flexible approach, i think, is something unusual, but certainly what is endears him to supporters and his ability to strike deals. >> he will continue to tout that. no doubt about it.

let's talk about europe and france. seems like the make e major ris populism has been removed given that le pen did not get to power, now we have the parliamentary elections in france. the latest polls indicate that macron would get a majority. do we still worry about what's happening with france at all? >> if he were to get a legislative majority that will add more stability to the european landscape. that's something that german chance la angela merkel is looking for, for the two of them to be leaders in europe. and merkel stated at a campaign summit around not having to rely on the u.s. and this sort of thing caused consternation. i think what she's saying is she would like a leader in france. i think we're seeing that. >> you also mentioned south korea in your report. now we have a president there, the first progressive president in roughly a decade. he also said he would be happy

to meet with kim jong-un. how significant is that? >> there's sariation nvariation u.s. and the south korean government, but i don't think that will be as big of a gap as it can be. i think the u.s. is still figuring out their position. we find out that there were two submarines off the coast projecting u.s. power there. and also trump also wants to rely on china to really be the broker broker of peace there. so there is a difference of opinion. >> all right. thank you very much for that. after the manchester bombing and other recent terror attacks, the department of homeland security has reiterated the u.s. is considering a ban of devices larger than a mobile phone on carry-on bags to america.

>> reporter: from london to paris to the pyramids of egypt, millions of americans dream summer vacation overshadowed this year by an unwelcomed travel companion -- fear. we travel to paris as the state department warns americans vacations in europe to stay alert. in 2016 83 million tourists traveled to france but that's fewer than previous years so changes are planned. beneath the eiffel tower, they are planning a huge wall of bulletproof glass. >> it's three meters high and we want to do it as transparent as possible, like make it almost disappear. >> reporter: so you still get the view? >> totally, totally. >> yes, you won't necessarily know it's there. >> reporter: close by, vehicles will be banned. last year in nice, a jihadist drove a truck into crowds of vacationers, killing 86. so there will be no crowds here at all? >> normal traffic will be gone. >> reporter: meanwhile, the

french say, while bookings dramatically drop after an attack, americans quickly return. next we flew to egypt, a country of wonder and magic, but facing far greater challenges. in 2010 tourism to egypt brought in $12.5 billion. last year, that was down to $3.4 billion. among those still determined to come, a family from salt lake city. >> it's great to be here now without all the crowds. >> reporter: you feel safe here? >> absolutely. >> reporter: high security at cairo's international airport. one passenger pulled aside while we film carrying parts for a pasta machine. >> are they explosive? >> we'll check this. >> reporter: while en route to the new york gate they are checked again. monitored on security cameras. here, too, they say the tourists are returning. >> if ordinary people get afraid and decide not to move, then terrorists will have won. >> reporter: americans who travel on the front line confronting fear hoping the world seems a little less divided.

keir simmons, nbc news. we spoke to ryanair's cfo who said the company's full-year outlook did not take into account terrorist accounts. >> our numbers are predicated on the absence of terror attacks over the next few months. i heard you talk about theresa may and jeremy corbyn early on. since the brexit vote last year sterile hag weakling has weaken significantly. on to a completely different piece of news. former world number one golfer tiger woods has been charged with driving under the influence following his arrest in florida. the sports star said he suffered an unexpected reaction to prescribed medication, and that alcohol was not involved. >> reporter: it's not an image anyone is seeing of tiger woods, arrested and charged early

monday morning in south florida for driving under the influence. woods issued a statement apologizing and saying i want the public to know that alcohol was not involved. what happened was an unexpected reaction to prescribed medications. the arrest following woods' fourth back surgery that has temporarily sidelined him from golf. last week woods seemed to indicate the surgery was a success and said he had not felt this good in years. in a statement writing i want to say unequivocally i want to play professional golf again. for years trouble has followed the world's top golfer. most notably his 2009 suv accident outside his home in florida. a divorce that followed and revelations he had engaged in extramarital affairs. in 2010, he publicly apologized. >> i'm deeply sorry for my irresponsible and selfish behavior i engaged in. >> reporter: back then he took five months off from the game

and spent two months in therapy at a mississippi clinic for sex addiction. the controversy cost woods millions in endorsements. now one of the greatest to ever play the game facing new controversy further tarnishing his image. before we wrap up the show, another quick look at european equity markets. we are deep in the red today. ftse 100 off by 0.30%. the xetra dax off by 0.09%. and the cac cac off by 0.70%. the ftse mib is doing a bit better today when compared to the cac. banks are under pressure today. why? because deutsche bank cut the sector to an underweight. once again banks were among the key decliners in the italian session yesterday. by in large we are on track for a fourth day of losses in europe. i want to get to this story. british airways says it will be

operating full service from heathrow and gatwick airports after announcing computer systems were back up and running again. it warned it may take time for bags to be reunited with travelers. this after a worldwide i.t. power outage forced b.a. to cancel hundreds of flights leaving thousands of passengers stranded. shares off by 2.85%. that's for the uk listing. the spanish listing was up in trading yesterday. ryanair has posted a record annual profit but the budget airline remains cautious on fare levels going into the summer season. the carrier said net profit is at the lower end of forecasts but in line with analysts expectations. shares are still off by 1.2%. the company also announcing a share buyback program to the tune of 600 million euros. maybe that was a little bit lighter than what analysts had been looking for. also quick peek at u.s. futures.

we were closed for a holiday yesterday, memorial day holiday. looking to come back with modest losses for the s&p 500 and the dow jones seen off by 4 points. the nasdaq seeing a modest gain. that mirrors the movements on friday. and they were not major movements at all, but still the s&p and nasdaq notching fresh record closing highs and extending their winning streak to seven sessions. that's it for today's show. i'm carolin roth. "worldwide exchange" is up next. we'll see you tomorrow. bye-bye. hey, the future, what's her problem? apparently, i kept her up all night. she said the future freaks her out. how come no one likes me, jim? intel does! just think of everything intel's doing right now with artificial intelligence. and pretty soon ai is going to help executives like her see trends to stay ahead of her competition.

no more sleepless nights. - we're going to be friends! - i'm sorry about this. don't be embarrassed of me, jim. i'm getting excited about this! we know the future. we're going to be friends! because we're building it.

good morning. markets now, the euro slipping against the dollar, reacting to dovish comments from ecb president mario draghi. >> back to washington, president trump returns from his week-long foreign tour. and tiger woods speaks out. the golf legend apologizes for his dui and said alcohol wasn't a factor in the arrest. details coming up. it's tuesday, may 30, 2017. "worldwide exchange" begins right now. ♪ good morning. welcome to "worldwide exchange." i'm sara eisen. >> i