ferro, thank you so much from zÜrich, switzerland. the single best chart. >> since this is the week of the new york auto show, we decided we would have fun with card numbers. take a look. luxury cars, where all the action is. the entry-level luxury car sales up about five percent premium is up 10%. what a difference versus mass market where the numbers are down across the board. percent argument, it keeps appearing. >> what do the cool people drive in l.a.? 2012.sla is so >> any sort of electric car is great. >> eco-sensitive. >> and you are in traffic all the time. get more extreme than that. luxury is up, mass market is down. it really speaks to wealth disparity. we see it time and time again. ick, you are a sensitive guy. what is your take? numbers aside, you are a writer, a thinker, you study ukraine and the u.s.. what is going on? income inequality in general? i think you are seeing a real backlash. you see it in san francisco and the question is whether the attitude and tension that has popped up in san francisco, whether it's b

we'll be in zurich as the lender remains under pressure from continued litigation.ine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >>> you're watching "worldwide exchange." >>> a recap of the headlines, china's growth slows but slight sli beat expectations. >>> alibaba could file for an ipo as early as next week. >>> and intel sees solid demand for its chip business, helping it beat first quarter street expectations. >>> staying with earnings, credit suisse missed its first quarter forecast after profits were down more than a third. fixed income remains a division under pressure. a u.s. tax probe also weighed on the swiss bank which raised provisions set aside for litigation. carolyn

the zurich based investor now owns a 13% stake in american apparel and is the company's largest outside investor. the nation's largest manufacturer of kosher foods has been sold. manischewitz has been acquired by sankaty advisors, a division of bain capital, for an undisclosed sum. the number one baker of matzo in the world will continue with business as usual according to the company. a bill aimed at ending killer whale shows at sea world-- will wade for now. the legislation came in the wake of the 2013 documentary "blackfish". the film chronicles harsh living conditions of killer whales that could account for thier deadly behavior that killed 3 seaworld trainers. seaworld calls the documentary severely flawed. a california lawmaker will press forward with a study that could last into next year. seaworld stock has gained nearly $3 this week. the cruise industry is still suffering from a wave of bad press. public perception of "cruise quality" is down 11% compared to last year, according to a harris poll. this week 37-people fell ill aboard the crown princess, operated by princess cruis

this is at the zurich classic. he shoftd them off so you can play. >>> finally, the kansas state football team turned 9-year-old kade den schroeder into a celebrity. when he got the call he delivered for a 30 yard touchdown run creating the sports highlight of a lifetime. didn't even spike the ball. >> so awesome when you see these entire communities coming together. thank you. >> sure. >> a shocking new study shows which parts of america has the most hungry kids including one part with 41%. plus, four popes, two saints and the most inspiring day for catholics and others around the globe. [ female announcer ] grow, it's what we do. but when we put something in the ground, feed it, and care for it, don't we grow something more? we grow big celebrations, and personal victories. we grow new beginnings, and better endings. grand gestures, and perfect quiet. we grow escape, bragging rights, happier happy hours. so let's gro something greater with miracle-gro. what will you grow? share your story at miraclegro.com. what

the zurich. and you're a view of the poll results. you made so many people. there were nine or nine years. the government i'd bought that was just five years old. he's taught me humor to the tutsi minority. i know is wrong with me these yet and to keep in touch with the other. they were drugged outside and she was well known that the offence including his parents and she's too. was he made it a stupid competing on my commute him a chance for them. for me. there was a younger generation to rip open all the media they be prosecuted. he did the people with all the radio. talk to force the team that did to people who study just listening to the radio need to kill somebody. radiohead set to begin to inspect them people used to listen to it all we did what it was the radio called us to do this year. close to his skin disease. she hopes of getting chubby and a cheque to the citizens of the frozen chips and a trip up to you and it was richmond's. his response. who knew what was in the movies. we drove through one too. i mean i suppose. choose eight people i was kinda

the former lsu golfer showed us what to do when a gator is on the golf course at the zurich classic.hove that massive reptile off the course. that's how you do it. his partner could play through. >>> and finally the kansas state football team turned hayden schroder's dream into a reality. the cancer stricken 9-year-old suited up for his favorite team's spring game. when the little man on campus got his number called, well, of course, he delivered. he scampered for a 30-yard touchdown run, creating a memorable highlight for everyone involved. love seeing that. >>> just ahead, the world's most famous bachelor may be off the market. maybe you better listen up. >>> you're looking at, oh, geez, nearly a mile wide twister that hit arkansas. bill karins is up next with today's severe weather threat around the country. you're watching "early today." you have time to shop for car insurance today? yeah. i heard about progressive's "name your price" tool? i guess you can tell them how much you want to pay and it gives you a range of options to choose from. huh? i'm looking at it right now. oh,

and heading to the grief the pga tours to zurich classic of new orleans wrapped up with south korea north and other bits champion. the twenty two dolby doubt the rest of the field by two strokes to end at nineteen under par lifting the trophy and taking home the one point two million dollar prize. he becomes the fifth korean to ever win on the tour. and shifting to the lpga teenage p nominee and call came in first at the swing skirt lpga classic for her first swim after turning pro late last year. cole who celebrated her seventeenth birthday just days ago held off world number three stacey will waste the finish at twelve under par. she won two previous events on this to work back to back victories at the cn canadian women's open. but they came as a manager and maybe that doesn't get too far on these liverpool's police warrant has been named the professional footballers association player of the year. the twenty seven year old or dwyane was chosen as the premier league's top player this season by his peers three redemption after his reputation took a hit for biting and opponents last seaso

jonathan ferro joins us from zÜrich.tion everybody is asking -- should this company rain back the investment bank? on a net income basis they missed estimates. it is fixed income that has led the decline. why don't you rein it in? is an industrywide problem. we have seen it come through and earnings season in the u.s. as well. for credit suisse, is a eager question. they have wealth management that continues to do very well. when i put the question for two brady dougan, should you rein in investment banking, he did not give any indication they are looking at that. there is no signed credit suisse will rein in the investment bank. that question is not going anywhere soon. the tax are we with evasion probes? is there an end in sight? it.t does not look like they have settled with the sec. looked like they were making progress with the department of justice. they put a site around $1 billion and we thought we were close. in the new york department of financial services stepped up their probe. reports that they wanted docume

we will have more from john from zÜrich. caroline, tesco is in trouble still.is the second year of losses. >> a second year of declining profit. moree seeing sales down than estimated in the fourth quarter, down 3%. they are very much sticking to wear their plan is, to revamp stores. they are cutting costs. there is a price war going on in the u.k.. 200o is only throwing billion pounds at it. it could hit profitability, although a bit of release. it could have been worse. china could have been worse, tesco could have been worse. investors want to know what is the future of management. we have someone at the home was been there 15 years and people are starting to question whether he is the right one to continue? three carr has been there years as an executive. he joined in 1974 stocking shelves. he has a life-long career at tesco. he is the only man standing in the whole board. the original board that he inherited is gone. , we have tesco, we are watching ukraine. we are watching -- >> janet yellen. what will her words to the market be today? will she be more ca

kind of cool. >> going to be in zurich and people to sign up now, be organized and people disabled theyow. robert, what about yours? >> philadelphia inquirer has a story of a man sentenced for 30 years in prison for a crime he did not commit and a friend created a wish list of things on amazon and needs and wants and leaving prison with not just four cents the his name but an open heart about forgiveness and can you imagine 30 years in prison for a crime you did not commit with four cents to your name and leaving prison with an open heart? >> good ones, you guys. thank you for bringing it. that is a wrap of this sunday edition of "weekends with alex witt." up next, "meet the press." have a great day. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. on buying a car for...er

joining us live from zÜrich. we had to the break. take a look at this..he first of four this will be happening in the next couple of years. the blood moon. the light bills over the earth. i did notice it when i climbed in my car this morning at 2:36 a.m.. >> it is time for the company news. u.s. andevenue in the markets. russia is getting new medicine. byenue this year will rise low to mid single-digit percentage. russia is the largest maker. the second biggest brewer. one percent and back in line with estimates. the revenue is up by two percent and castle light. over 100 million euros. it is a tiny and liquor. a distillery to expand. >> welcome back. this is countdown. lowest sales since 2009. caroline is here to tell us about the details. >> headwinds. largely one that keeps happening. of course, if you are a big exporter, you are selling your kick cats and smarties abroad. at home, there is less bang for the buck and there is an issue of strengthening. there is also deflationary pressure in europe and we know that they have not been growing limitedre

. >> live in zÜrich. for more than100% 100 million euros.k at the italian company and bring in the chief executive officer. a first. thank you very much for joining us today. >> thank you for having me. >> can you tell us the rationale for this deal? >> we have a very clear acquisition framework. our objective is to increase critical mass in markets where we already have our own distribution network. --this case the brand is let's say the group of brands are very strong in the germanic markets. bringing synergy to a topline perspective, particularly outside of italy. we also believe these brands have a lot of potential internationally, particularly in the united states and sovereign america and brazil and argentina. interested they are in italian style, and we would like to be the once dominating the wave. >> you are on an acquisitions free because last month you announced you are buying roughly distillery for 186 million canadian dollars. is the buying spree going to continue? >> if you look at our track we expect to generate half of our or

more broadly, at siemens in munich and abb in zurich, they have to be thinking about how they are going to respond to this dramatic move by ge on their own turf. >> do you have any idea about what sparked this? what generated the initial idea? i read something about how organs was quite keen -- bouygues was quite keen on the concept. immelt was talking about smaller numbers. t being the chief executive officer, said that ge will spend between $1 billion and $4 billion on acquisition. this is obviously much larger. he said in exceptional circumstances they would spend more. ge has $57 billion in cash held outside the u.s.. that is not money that can be repatriated due to tax penalties. it has to use that money productively. yesterday we were talking about french protectionism. we were expecting the government to make a little bit of noise. the minister of industry says that france is working on other alstom solutions. is this rhetoric? do we think that we could have a white night coming in from france? is there anyone big enough to take over the assets? >> it is hard to see who could do

one other bank to mention, credit suisse over in zurich today, the ceo, brady dugan, having to defendmmodities, fixed income results, all coming through below expectations at a time when costs arguably are rising at the investment bank, and people are saying, really, should you have such a big franchise? is the cycle going to come back? this is brady dugan's answer -- >> equities, the investment banking business is quite good. overall, our investment banking business, the strategic part of it, made a 21% return on capital. so that's actually a very strong return in the first quarter. you know, we had actually some good performances. >> the coo of credit suisse talking to cnbc's team in zurich. back to you guys. >> all right, simon hobbs, thank you so much. enjoy your vacation. >> i will. thank you for remembering. >>> let's get to the cme group in chicago. rick santelli with the "santelli exchange." hey, rick. >> thanks, carl. i tell you what, i'm a lucky guy, because i get to be very fluid. i'd like to respond to some of the issues that were very succinctly brought up by simon hobbs.

one of the recommendations made by the fourth international concussion conference in zurich was to lookthe playing rules of the game. and in our case we've done that, and i know other sports have done that as well so you create the best possible situation. in a contact sport, there will be injuries, and there will be, you know, hits to the head, and those problems occur. and so where that happens we want to make sure we're treating them appropriately, so that's where the focus shifts, from prevention to appropriate treatment. >> are i just want to say, i was sitting on the edge of the couch leaning and moving as they were shooting against you, and hopefully you felt my assistance and were able to help us both together win one for our team, right? is. [laughter] >> absolutely. >> thank you very much. i yield back, mr. chairman. very good job. i'm glad to meet you. >> thank you. >> thank you, mr. guthrie. the gentleman from maryland is recognized for five minutes. >> thank you, mr. chairman, and thanks for the hearing and thanks to our panel. mr. hallenbeck, i had a quick question about w

friend that i was going to come out and paint before they had been saying oh yes come visit me in zurich and then when when i told you well i mean i'm going to paint burning banks and i'm in switzerland for god's sake suddenly they were kind of like oh well you can't stay with me now and my parents said you can't even do this in their house while in the u.s. of course the homeland security yeah i'm trying to visit you i know that's crazy like the wildest most sort of outrageous response i've gotten is in l.a. you know in van nuys for god's sake it's certainly not a financial capital but the you know in capital yes it was financial pornography where you were going to france or try to pass a law that would introduce the language of financial pornography to go after bankers because they want to suggest that bankers are morally equivalent to. the people who are committing acts of sexual depravity pedophiles etc they want to create really this class of crime called financial put a feel your financial pornography you know way yeah i don't like saucy is a friend of ours an attorney in paris who