>> barclays has identified the innovation ecosystems globally.have a pulse on -- >> innovation ecosystems globally, what do you mean? >> there are pockets of innovation like silicon valley tel aviv, new york city where start of ecosystems are percolating. some are hotter than others and london is boiling hot right now. new york is pretty hot, but we are looking to connect to these global ecosystems. and starting with the accelerator program we have in the u.k., we have had over a thousand companies applied for two cohorts of an accelerated program. where startups come in and for 90 days they are meant toward in the accelerator program in partnership with barclays. >> do you have specific business problems are barclays you want them to focus on or do they go to work for syntax? >> we don't really know what is going to come out of it. we share what our core strategy is. we invite startups to come in and attack our challenges. help us find solutions to challenges that we perhaps have not been able to find ourselves. >> give me one example. >> there

you got the barclay's center.ruly a place where you see a slice of new york. >> where do you think hillary might want to hang out? >> hillary would not like to hang out in any of the same places as me. i think she will mostly influence brooklyn by making traffic bad in certain places. that's my guess. my guess is she is not going to be riding the subway. >> there you go. >> do you think she would fit in better? >> may be willing cap eyeliner. it doesn't matter what she wears. >> where should she set her campaign up? >> clintonville. ♪ >> i think it shows a lot of guts. >> why is that? >> brooklyn is kind of raw. she can't win brooklyn, she can win america. >> a very big shot out to cardboard hillary's body guy. we will be right back with a classic joe biden-ism. ♪ >> today, things got awkward when joe biden stumbled over his words, because that has never happened before. >> neil smith, an old buddy, are you here? i miss you, man. >> butt buddy. we report. you decide. [laughter] we are live 24/7 on bloombergpolitic

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charles barclay at it again. houston rockets general manager darrell more ray. barclay has been critical of the rocks dee finance so more ray went to twitter. more ray tweeted best part of being at a t inform t game it's easy to avoid charles spewing misinformed guide -- >> -- >> i'm not worried about darrell morey. he's one of those idiots that believe in analytic. he got players. go the josh smith. so first of all i've always believed analytic was crap much the inform ba is about talent all these guys who run those organization haas talk about analytic they have one thing in common. they are a bunch of guys who never played the game and they never got the girls in high school and they just want to get at the game. >> sam hinkie worked under darryl more ray. it's a joke, sam. charles is right. that guy is an idiot too. more importantly and deaf leave of absence for tiger woods on the pga tour. tiger is working on his game. i there's much more serious and other things. he'll be out for while. >> more at 10:00 o'clock. tune in tonight for fox 29 news at 10. a dad

andard & poor's cuts the credit rating of six european banks including barclays and rbs on the prospect the respective governments are less likely to provide financial aid in a crisis. i am looking at futures markets pointing a little bit lower. once again greases the word. manus cranny looking for greece on to her the market open. >> you had a great deal of relief rally. it is a delicate balance between rising and falling markets this morning. he has been to london, rome paris. he has had a snapshot of himself, a formidable negotiator . will the ecb allow him the financial capacity to stay alive, to keep this greek roadshow going? that is the critical issue. to a certain extent equity markets have had a bullish run. the energy producers rose by almost six and a half percent. what you're seeing is is that a sustainable rise. is that bounce and oil good for the market? they say, no, it's not because it would encourage lazy producers. sky leads the pace. a great interview with the cfo. it is the italian french british juggernaut. caroline hyde will have the details. record sales in german

we have seen with barclays and rbs a couple of aunts they have got out of their holding companies --for their holding companies are higher. >> this has been building over months. >> it is part of the process of restructure. a regulatory restructuring. it's noticeable that operating companies were put under review in certain countries. that's to do with the legislation because those countries have introduced legislation early, saying, sorry. you are for the chop. >> especially if you are a taxpayer. you were smiling. finally the banks are going to be bailed out. >> you are smiling and you aren't. it's your pension fund that is going to take the hit. >> explain to us how that is. bonds that are issued by the nonoperating side of these banks. >> pension funds, insurers, all of those institutions on bonds insured by banks. -- own bonds insured by banks. senior bonds known as tier two bonds are regularly touched in a crisis. they are gone. we have seen it with the portuguese. the aim of the regulators has been the aim since the crisis to get investors to force banks to behave sensibly, be

many strategists have higher estimates, but as far as barclays, they believe valuations are going toe fed start raising interest rates. scarlet: thank you so much. we'll will continue to monitor the nasdaq approaching 5000. ♪ trish: hello and welcome to the most important hour of the session. we have 60 minutes to go and i'm trish regan. we have stock hovering near record levels. oil prices tumbling the most we've seen in weeks, but tech is rallying. the nasdaq edging closer to a record high. we are counting down to earnings from jcpenney's and herbal life. "street smart" starts now. here's a look at some of the top stories we are watching ahead close -- the dallas fed reserve president says markets have overshot and will

was at barclay's. very respected woman. one of the best bankers in london certainly in terms of female representation. so huge overhaul. >> definitely a big move. it's up about 1% off of its highs. but still a move to the upside. thank you for now. we cannot forget this story. do you remember when some of london's top bankers took their clothes off for charity hast year? bill winters was among them. head to our website. we have you covered on that story. >> meanwhile the bank of scotland has posted it's 7th consecutive net loss. he has sent some instructions as to how he wants the bank to go moving forward. >> don't pay. get the taxpayer money back and don't pay all of these bonuses. you have the chief executive that's waved his 1 million announce for the second year going. if you look at the bonus pool that's come down from about 500 million pounds thank you very much and the bank is in much better state than it was. last year at this time they reported a 9 billion pound loss so we have an attributed loss at the moment but

barclay, you're on duty. is that a fact? it is, and you'll observe it. so get back to your post.look, pal, why don't you do me a favor? take yourself and your holier-than-thou attitude, and get out of my life.

here was barclay on tnt last night. >> i'm not worried about darrell morey.eve in analytic. he went out and got trevor, but he went out and got josh smith. first of all i've always believed analytics was crap. nbs is about talent. all these guys who run these organizations who talk about analytics they have one thing in common. they're a bunch of guys who ain't never played the game and never got the girls in high school and they want to get in the game. >> that means sam morey -- sam hinkie never played the game sixers gm and never got the girl in high school. sam, did you ever get the girl in high school? i'll try to get an answer if i ever find him. >> howard wants to know gtmz is up next. >> we're back here at 4am for fox 29 news morning. >> begun day philadelphia. stay tuned. >>> this is fox 29 morning news. >>> police in south jersey looking for these two men. they are accused of assaulting and robbing a man inside his home. we're live with the latest. >> tragic lost for journalist, bob simon killed in a car crash. how he's being remembered this morning

we have barclays in the business right? >> right.arclays and mastercard teaming up reportedly with jetblue. we don't know who costco will partner up with. that will be announced later next week or end of this week. really the big headline here is that american express is losing its foothold in the wealthier client and marketplace and cart relationships are getting very competitive. gerri: here is my bottom line. do you hang on to the amex card or not? >> that is a huge question. we don't know enough right now to decide what to do. consumers will have choices. you will either be able to transfer the account to another american express card. gerri: at costco? >> at costco or leave that card and go to another american express card. whether everyday card that has no annual fee. or go with whatever new cobranded card will be or use cash or checkbook. gerri: always cash. >> always cash. gerri: good to see you. thank you. >> thank you. gerri: tonight's "strange inheritance" is back. two episodes of the fox business hit show we get introduce

. >> barclays makes the case this notion that the oil market is stabilizing is in their words a falselag. the days of $100 a barrel oil of over, clearly the prince would understand the dynamics of the oil market, would you think? >> i'm sure he's a saudi citizen -- a u.s. citizen. the u.s. is a very large oil producer as well. i'm sitting here, if you look at the fundamental, supply and demand, inventory changes, how much oil is going to storage tapping, the oil market is heading to a situation where supply has been cut back by enough, that it's matched the decrease in demand, so, if you look at the hard numbers, of raw data, it shows a balanced market which means we're going to see an increase in prices from here up to $75 by the second half this year. potentially, again, over $100 in the first half of 2016. >> what you are proposing as a likely scenario, is the price of crude getting cut in half and then doubling within the space of 18 months? i know the commodities volatile but is there a precedent for anything like that through history in. >> yeah. sure. in 2009, oil prices went f

are at home this weekend sharks/coyotes todd mclellan going for his 300th win 3rd period/ 2-2 tie barclay goodrow scores as the sharks erase a 2-0 deficit to lead 3-2 late 3rd period/ 3-2 sharks joe pavelski scores on the empty netter for his 3rd goal of the game it's his 4th career hat trick 4-2 sharks mclellan the 2nd fastest in nhl history to win 300 games final: 4-2 sharks that's it for the kron 4 news at 11. stay connected with kron 4 and get latest news at kron 4 dot com. or download one of our mobile apps. goodnight! female announcer: through presidents' day, get 36 months interest-free financing, and save up to $300 on beautyrest and posturepedic. even get three years interest-free financing on tempur-pedic. plus, free delivery, set up and removal of your old set. and sleep train's 100-day money back guarantee. keep more presidents in your wallet. this special financing offer ends presidents' day at sleep train. ...guaranteed! ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> 50 shades frenzy. >> is the movie really sending people to the emergency room? >>> then, for c

for example the barclay card mastercard has an 8% versus the average interest rate of 16%.ut your rate in half on thousand dollars balance you'll safe ever 70 bucks a year in interest each year. put that extra money towards paying down the principle. finally consider a credit card offer with a zero interest rate. plenty of them out there you might qualify. trance for if err your balance over on a thousand dollar balance you'll safe over hun everyone hen dread dollars a year in interest charges versus the average card that's a boat load of savings. check out nerd wallet.com for all the up to the minute latest offers that are out there available to you right now. so it may not be easy as just popping a few aspirins with little bit of effort on your part even the worst read did the card hangover can be cured. i'm feeling better already. i'm cashing out. >> cashing out is a good thing. many of us are paying a bit more for our favorite things. dan shows us what's more expensive this year and how you can save. ♪ >>> hi today's dan rocatto. you enjoying low gas prices average driv

the nba will use the barclays center and madison square garden for the skills competitions and the game. now, meanwhile, john wall has limited his weekend activities to just the game on sunday in the garden and when he's talked to the media, a lot of the talk is about making a second half run to the playoffs with the wizards and he thinks paul pierce could be the key. >> his mentality of trying to treat every game like it's a championship like it's the finals, definitely leadership always coming in and getting the early work in staying after it and just competing. want to compete every play and just his leadership is big. >> john wall with the big weekend in the big apple. college basketball the maryland terrapins are on their way to penn state for a saturday night primetime matchup. the nittany lions gave maryland a a scare 10 days ago. they won 17 of their first 19 games beating michigan state by 16 points. terrapins are 3-3 since and melo trimble did not score a field goal in the last meeting with penn state. >> really try to take pressure off him. i try not to put too much on him. t

the big business of the barclays center. real estate and much more.ght back. >>> welcome back to "squawk box" live from a very, very chilly new york city this morning. a host of stocks to watch that we're looking at this morning. shares of conagra are tanking. the company citing a strong dollar and weak sales also appointing former hillshire brands chief as its new ceo. and then kraft switching up its maker this morning. announcing that its cfo and a couple other senior executives will be leaving the company. kraft also reporting a loss of $400 million. the stock falling on that news. shares of aig dipping after profits reporting -- reporting profits, rather of 90 cents a share. aig also announcing a $2.5 billion stock repurchase program. so with all that we're going to go from a freezing new york to a very balmy pebble beach in california where becky and joe are. i wish right about now, given the weather, i was with you guys. >> yeah. toif say this year is definitely worth it with the weather, andrew. we have a very special guest with us this morning

we appreciate your time. >> it's a pleasure. >> at barclays watching apple to 150 we should note carls high, $121.27 today. when we come back google is taking its robot dog out for a walk. crazy new individual you to see. we'll show it to you in a moment. "squawk alley" will be right back. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills and living trusts. so when you're ready, start with us. doing the right thing has never been easier. legalzoom. legal help is here. >>> in case you missed it, boston dynamics, the company google bought back in 2013, is out with some crazy video footage of its newest robot called spot. it weighs 160 pounds. it's a big dog. it walks on four hydraulic legs. you can see spot can w stand a kick and stay upright. something the engineers tested early in the video. don't try that at home. the robot can climb stairs and hills and smaller than previous

macy's, morgan stanley downgr e downgraded the stock in early february, the barclay's downgrade. macy's over the last couple years shrugged news off like this every single time. we've seen pullbacks like this eight times over the last two years in macy's. each time is an opportunity to get long the stock. again, that's what this is exactly. >>> straight ahead, state of emergency declared for west virginia after a train derailed and caused a massive fire. what might the latest scare mean for the passing of the ski tone pi . >>> plus, plunging revenue, feel how jim murren feels, what he plans to next on a first on cnbc interview. can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> still ahead from nasdaq, a train derailment causing concern over crude imports. what impact it could have on the industry. >>> mgm's china problems overshadowed by its company's plans for real estate assets. details i

the report says they will be looking accuracy-linked investments that were offered by barclays and ubs. the department of justice in the united states is investigating whether the banks do not disclose the profits they were making from currency trades. >> we and the bulletin with fears over the chinese economy, except that some things never go out of fashion like fine french food. and drink. >> well, drink it specifically in this case. this is a company that markets and bordeaux wine in hong kong. they say that excessive supplies on the market have driven prices down, but the demand for borderline is back at levels not seen since 2010. rising back to the level they have not seen since 2010. the demand is being picked up particularly by collectors in hong kong, the most treasured labels going for the higher prices its 2005 and in 2014, the company said that wind traded on the platform rose by 22%. >> all right, let's get a drink after this, stephen. more news on "france 24." oliver ferry joins us with international and french press review. a close run by election in france that saw the

hsbc barclays are among those said to be part of the probe. on monday hsbc said they had issued a subpoena to its u.s. unit last month. >> let's have a look now at some of today's biggest individual movers. it's up 3.2%. it's agreed to sell the rail units. they'll require the 40% stake in signaling unit and we'll also pick up on the train business. as you can see, up 6.4% and the deal will cut the debt by 600 million euros. it's up 3.15% because japanese wireless carrier plans to sell the entire 5% stake in the uk satellite company. the price of the offering will be determined at completion of the deal. it's basically flat after they opened a full scale investigation into the 14.1 billion bid. stefan is live. >> the european commission is concerned the deal would give general electric more than 50% of the global market in most parts of the world. a transaction would eliminate one of the main competitors to general electric and they're concerned this would lead to higher prices but it's concerned that it would result in less choices for custome

he set the barclay's center on fire.erwolves rookie, he put on a show that some are saying might be the greatest of all time. check this out. he started the party with amazing space jam themed dunk. he's wearing that jordan number 23. when you do that, you better bring it. that one right there brought a perfect 50 and the crowd to the feet. between the legs one handed. check this one out though. this is the one that gets me. he puts the ball up in the air behind the back, watch it in slomo, guys. talk about leaps, hops. this kid is only 19 years old. not the youngest slam dunk champ. kobe bryant was only 18. three-point contest got people talking. somebody stole steph curry. he beat out clay thompson in the final round. curry went drain know behind the arc flushing 13 threes in a row at one point. >> my god. >> so money. listen, tonight the action gets started. the game on tnt with the nba tipoff pre-game show at 7:00 eastern. the main event, 64th all-star game at 8:30 will be a fun one. >> there's a game, almost forgot.

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michael cohen, head of commodities research for barclays.ining us today. >> thank you. >>> straight ahead on the program, pulitzer prize-winning columnist jim stewart and "iron chef" winner geoffrey zakarian paid a visit to mcdonald's. what did he think of his first trip to the fast-food chain. they'll join us, as you can see, after this break. he only return i'm looking forward to. for some every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as fifty dollars. (lowe) hi. i'm rob lowe. and i have directv. (hs lowe) and i'm peaked in high school rob lowe. and i have cable. (lowe) directv is wireless, so you can put your tvs anywhere without having to look at those ugly wires and boxes in every room. (hs lowe) cable isn't wireless but you just gotta put something in front of them. (lowe) i'm still in awe o

. >> officer andrew barclay thought he was taking us out for a quick interview about driving in the rain. instead, it turned into one emergency call after the next. >> i got three vehicles in the center divide where 70 just cleared the 1183. >> three spin outs and roof rack blown off a car meant backug÷ to back traffic breaks. >> sounds good. we will head back and run him another break. >> that means slowing the traffic by weaving back and forth giving some protection to officers and accident victims who are stopped in the middle of the freeway. >> it is nerve-racking. it is definitely -- it is in the rain especially. >> standing in the fast lane trying to help someone in trouble is dangerous on the best of days. but on a day like today. >> it definitely is up there in the top two most dangerous parts of our job. >> chp's message to motorists, give yourself an extra cushion of space around your car. >> having that cushion around you to be able to maneuver if you need to to avoid a vehicle, avoid potholes, avoid debris. >> today drivers needed to avoid all three things on the 101 in mari

challenge last season, you may remember, the nba all-star game is next weekends in brooklyn at the barclay little league sensation mo'ne davis also gets to show off her basketball skills during all-star weekends, eighth grade letter play in the celebrity all-star dame next friday night along with phillies own kevin hart. ya very nice, mo'ne will have to show the fellows how it is done. because i hear she has game. and i can't wait to see it. congratulations, young lady. >> ukee, where is your invitation for this? >> i put out the challenge to mo'ne after. >> this you know, maybe i can get that one-on-one match going. >> there we go. up the and tee. >> but i'll see how she plays first, i might chicken out. >> thanks, coming up in the next half hour of "eyewitness news", following breaking news, crews starting to make progress cleaning up nasty crash on delaware highway. justin? >> yes erika once traffic is reopened, now work is underway to open the other. we'll have a live report from the grounds here in wilmington,. >> good to see the one side moving, there thanks, justin. also vittoria wi

some barclays junior employees are set to receive an increase of 20-40 percent.t has prompted mid-level employees to speak their unhappiness about the shrinking gap. if you have a samsung television, you might want to be careful about what you say in front of it. the television can transmit user data to the parties. when the voice recognition luncheon is activated, they have compared it to the tele-screen from george orwell's "1984." you can join the conversation on twitter. among the trending topics. modi the prime minister in india conceding an overwhelming to feet in his capital. that is his first setback in the polls since taking charge of asia's largest economy. manus is in zurich. he has been speaking to the ubs chief executive. there i am all by myself. get the violins out. a strong dollar and weak oil prices. i will be speaking with the chief asset manager. ♪ >> the idea that britain or the rest the world is isolated from what happens in the eurozone is not correct. the economic costs of anybody that introduces sanctions are much lower than economic risks

department is -- crux the justice department is investigating if -- at least 10 banks including barclaysorgan and deutsche bank are being probed. the matters confidential. >> caroline hyde. the u.s. is looking into this. >> it as indeed. the u.s. justice department's. it could be the 10 biggest banks and a prior agreement prompted this. we knew the investigation what a come in terms of currency inflation and libel of the lights. bank of america have made previous agreement of how to settle and came to light and hasn't happened in other asset class and precious metals brought. allegations have been happening in the u.s. and yesterday in fact, disclosing documents have been asked for by the regulators in the united states to do the commodities trading. clearly, we are in the early stages of but at least 10 banks currently being investigated. >> to make clear as well that gold and silver is plenty compared to the foreign exchange market. gold and silver, not so much. >> and a very old-school way of doing it. it comes as no surprise that last years was regulators have already find ubs on the

the new partnership with barclays, the apple pay, the new charter flights to cuba.important out of that? >> i think the bag fees are important. as far as the seats and the less legroom, you will not notice the difference. it is one inch. that is it. one inch. that is the difference in the legroom. they are still going to have more legroom than all of their competitors. if you go back to jetblue in the year 2000 when they first started, they did have more seats on the aircraft. they took seats out when they started flying the aircraft to did not have the range to go with the last 12 seats, so they could not sell them. the faa has a role that says one flight attendant for every 50 seats. even though they could not sell those seats, they still had to have the extra flight attendant. so they removed the seats. the average passenger will not notice that loss of one inch. >> we just showed how this is not just jetblue. bring them back up again. i want to see how much legroom we are losing. this infuriates me. air canada has the most. i am only flying air canada now. 36 in

it has hit hsbc, credit suisse and barclays.d barnes joins us now from london, first on bloomberg. great to have you on the program. thank you for joining us. do you think you will have to downgrade every bank in europe next year? >> for most of the european countries, we intend to review the ratings on the banks towards the end of this year, when they implement the same powers we've seen in germany and austria. it has really been limited to the banks that we consider teddy systemically important -- consider to be systemically important. >> richard, is this about predictability? do we no longer have the level of predictability we once had? >> that's exactly right. the governments have passed legislation and implemented reforms to address the too big to fail issue. in the last financial crisis governments provided huge amounts of taxpayer support to the banks to ensure that they remain solvent. a key policy objective of theirs has been to ensure that in future crises, it is the creditors rather than taxpayers that are on the hook

banks under investigation include hsbc, barclays, and goldman sachs.c's ceo is set to break up the largest bank after reporting earnings that missed analyst estimates, driving stocks down. gulliver said that parts of the investment banks may face "extreme solutions." you can find more about that story on bloomberg.com. >> let's get back to one of our top stories -- greece waiting for a verdict from the creditors. the eurogroup on the proposed reforms. that is the first of many hurdles for greece that they will face. our next guest joins us. david, always good to get your input. one thing that strikes me this morning is an new divided -- it is no longer about germany and the north. it is about periphery. the spanish, the portuguese they are all chipping away. >> absolutely. there was a prediction a few weeks ago that this was what was going to calm. in spain and portugal, we have governments that are naturally not opposed to austerity, particularly in the current circumstances. they are creditors of greece in their own right. this was mutual lending fro

>> barclays mentioned last week that they think there is a higher chance of a greek exit than 2012.see that? >> in 2012, they were risking breaking of the whole currency. everyone was behind. please don't go. you must stay. now they are saying, go if you want to go. the currency is not going to go. if you want out, you can, but we can only go so far with this whole charade. >>for tsipras, how can you pull back on security measures if you have nothing to pay with. >> the real concern is we are going to spend more money. then how do you actually do that question -- do that? there is no rationale behind the austerity of you have got to undo so much history corruption, poor spending and a whole infrastructure where someone who is working in a factory in germany is paying for their retired man in greece. >> and they will not let them forget that, the german tabloid. german two-year bonds, negative yields. 20 basis points below zero. how does that work? what does that tell us? what is the story with these bond yields. they seem to be doing everything which is counterintuitive. >> a year a

i was talking to an analyst at barclays who thinks it could be 8%, perhaps cut right to.he account deficit does and keep lowering it. >> so they cannot go full bore. they have to do it step by step. >> she thinks they will. others think it will be cut back down to two -- golden a record in india last year, despite this tax where he had to re-export everything you imported. so she was saying perhaps there is a stock file and then you could get to actual demand in the marketplace. she said that could be around april. >> even with restrictions, india still bought gold. why? it's a huge staple in their society, but there's is also a demand for smuggling. this is insane if you look at the ways you can get gold into the country. you can basically makes gold dust into coffee powder. you can hide it in computers or in your shoe or in a soap are. i don't know if you ever held a big gold bar, it's heavy. there are very creative ways of getting gold into the country. as much as 200 tons last year. you are looking at about an $8 billion market. what level with the income tax have to

barclays says we have to put it in perspective. the cease-fire is only the first step on a likely long bumpy road towards a resolution of the conflict. it is all about gdp data. we are getting eurozone data. germany well ahead. that is why we are seeing the dax up 3/10 of a percent. let's have a look at what happened to the euro. they seem to be liking that germany is accelerating. france is not so pretty. it didn't come into where expectations were. the euro up three straight days now. three days of gains. the longest winning streak we have seen in two months. let's have a quick check on some of the stocks to watch. l'oreal higher after it beat expectations. the rolls-royce engine maker profits down, sales down, shares down two and a half percent. 2015 is not going to get better, because iron ore is half the price of last year. >> thank you very much. one company we will be watching is the minor anglo american. the stock getting a pop at the open, and i am pleased to say we are joined by the ceo. he joins us right now. great to ha

energy companies are ok for now but in 2018, 2019, debt maturities are going to be significant, and barclaysg at a 4.5% default rate at $60 oil. i asked jack if we will see the same kinds of accuracies and layoffs and pain that was in the 1980's. jack: difficult to predict that. it is a question of how long we stay at the current price. those are all factors we can't predict. alix: what if it does remain here? jack: you will see much of what we have seen now, that they will move to be more efficient and cut costs, and it they choose time to make other plays for consolidate other activities, it is difficult or us to predict where the industry might end up. alix: when you talk to your producers and the companies you speak to are they scared of oil prices at this level or do they feel ok about it? jack: they are working to be competitive on a global scale, and like i say, they are situated differently, and each one of them has to be focused on what their individual situation is, and how they project the future. some focus on different parts of the world, some focus on different developments. at

barclays, though, saying we believe the likelihood of a greek exit is now higher than at any point since 2012. they see the euro going to parity. let's get on the the foreign exchange market. move happening on the ruble. the ruble down against the dollar. a big spike when there was that headline coming from poroshenko saying at the moment the deal is unacceptable. so worries that won't get any sort of cease-fire or agreement for the russian you crane concerns. meanwhile we are looking at the euro. euro currently down. that is against the pound. basically a little bit flat. we'll keep an eye on the euro overall. market pretty resilient when it comes to greece. a little bit of -- there we are. rhone up 6%. what a move -- renault up 6%. profit up 30%. a big beat there. lower labor costs are helping even though we're seeing a slowdown in russia. socgen down 2.4% on the back of its earnings. france's second biggest bank, seeing profit not rising as much as had been hoped. slowdown in russia hurting socgen too. rio tinto on a $2 billion buyback. >> christine lagarde, i.m.f. chief now speaking

barclays saying we retain our call for a hike in june and that is fairly hawkish because it was only quite recently as the data was improved that it came back from september to june. i would interpret it as more hawkish than dovish. >> stocks in record high territory. the s&p 500 at all time highs. the u.s. ten year yield hitting a one week low. a conflicting view when the market interpreted what yellen had to say. when do you think the fed will lift off with a rate hike. get your tweets in and e-mail us at cnbc.com. our twitter handle cnbcwx. our personal handle is on the bottom of the screen. >> let's have a look at what european markets are doing i. was a strong day yesterday. we hit record highs. today we have just come off a little bit below flat but putting that in perspective it's been a strong week so far. it's been a strong year with momentum behind european equities thus far in 2015. that greek story is now settled into market. it's just over 15 basis points. we were celebrating like it was 1999 on the ftse 100 yesterday hitting a record high since it kicked off just above

all-star festivities will return to new york this weekend on saturday, barclays center will host eventsncluding the dunk contest and three point shootout. on sunday, the game will be played at madison square garden. i am pleased to have adam silver back. you were here when you were getting ready to take over. it has been one hell of a ride. >> it is been a chock-full year. last time i was here with david stern and we came on together. >> remember this, you love the knicks -- >> growing up. i love all teams equally. >> you are a lawyer and then went to work for david. why did you make the transition from law to a job at the nba? >> i was practicing law in new york, a new york firm and i was doing largely media cases and i became fascinated with the media business. hbo at the time was one of the largest clients. while i was working on media matters, i thought it would be interesting to go the other side of the table rather than litigating, i would rather build the business side of media. i looked to make a transition out of law and david stern was somebody who my father had known and work

. >> barclays downgrade -- they initiate nordstrom with a sell. they have macy's as sell.at nordstrom has to spend too much on omni channel, it looks like it's peaked out. they report thursday. so, a lot of people are saying this is a great domestic way to play things. terry lundgren macy's may not like blue mercury but the stock's not expensive. one to watch. be careful selling nordstrom because longer term a great plan of action new york city doing a slow rollout canada do have a good omni channel. i think the idea of blowing out a nordstrom mid screen is not a good one. >> what aboutplace? >> macy's doesn't have the growth that nordstrom has. it's not a good thing to bet against terry lundgren. >> no. >> nordstrom watch out. people are going to presume they know something thursday. they have been spending billions and the stock has done quite well. they did blowout the quarter a couple of times. and i don't expect a blowout this time but would not get rid of this. too good a retail. fits my domestic consumption story. >> right. where else do we want to go here on "mad d

to the barclay center in brooklyn.f the best shooters in the world took part in the competition. steph and klay both advanced to the three-man championship round against kyrie irving of the cleveland cavaliers and from there it was all about curry. he knocked down a record 13 shots in a row and set a competition record of 27 points overall. a lot of cheers over there. fellow splash brother klay thompson finished with 13 points. curry's fourth attempt in the contest and his first win. >> i'm honestly ultracompetitive. i wanted to make that last shot from the rack, that last rack so bad, i shot it, walked into it thinking it was going in. had enough to get it done. i love to shoot the basketball. i have been -- actually watched my dad do the competition twice. what better place to showcase what you can do than, you know, a three-point competition. this is a cool honor to finally have won one. and, you know, i'm going to enjoy it. >> if you made that last shot it would have been 14 in a row. hey, 13 is not too shabby. >>>

two entered the barclay center in brooklyn like it was a heavy weight championship fight. 23 was the until klay dropped 24 two minutes after steph. a big smile. curry, klay and irving in the three man final. and steph not to be outdone had 13 in row. 10 better than irving's 17. so the pressure is on klay. 34 points possible. he will need 28 to beat steph. wasn't meant to be. klay goes cold and misses four in a row at one point, then five in a row, and steph is victorious. as he hoists the trophy, steph curry wins his first 3-point shooting contest. and meanwhile, atlanta's victor, not a 360, that was more like a 540 on the reverse dunk. he made it against zach levine. then he's making the dunks with his head and two inches below the rim. levine took over the dunk contest. help with teammate andrew wiggens. between the legs works the left hand. at 19 the second youngest slam dunk contestant. and champion. now to the pro am. celebrities and pros trying to make the cut and play in the final round. bill murray didn't make the cut but he was nice enough to hand out doughnut holes to all h

barclays is saying it's all too expensive. walmart we haven't heard a peep out of those guys but we assume it's been a big winner. i wouldn't back away from them here. i got up this morning at 4:00 a.m. and the chatter is about how greece is going to wreck. people are saying it won't be up. thankfully people are getting wise to the idea that greece is a bit of a side show. if europe rallied off of greece what are they going to let us not rally? let's not forget the restaurants. we have an extraordinary number of the fav jack-in-the-box. amazing numbers. what else? they're starting down the run way. they were left for dead a few weeks ago and kb homes reported a terrible number. since then it's been nothing but good numbers from the home builders and they have become the height of fashion along with everything that goes in a house which means sherwin-williams, black and decker and whirlpool. travel is nonstop and traveling higher. price line reports this thursday. they are disposed to being gloomy in their outlook so i would bu

pitch that brooklyn's building boom would create hotel space and mass transit is a breeze to the barclaysr. so why did philly win out? >> the dnc just had a real preference for kind of a classic american stadium or arena with a giant parking lot surround it. i don't have that to offer them. >> there may be other factors. the mayor said pennsylvania is much more of a swing state which could be appealing to a candidate like hillary clinton and philadelphia's mayor said history matters, too. >> we hosted of course the most famous american convention in 1776 the continental congress and we know what the end result was there. >> i love cheesesteaks. i am pro-cheesestake. >> they plan to make the trek 98 miles to philly even though it hasn't sunk in for the brooklyn council woman who helped lead new york's effort. >> i will be excited to attend the convention in brooklyn -- excuse me, in philadelphia. >> he called mayor nut tore congratulate him and officials are keeping their playbook to host the convention just in case they want to make a bid for 2020. >> in brooklyn andrew siff nbc 10. >>> t

two entered the barclay center like it was a heavy weight fight. 23 was the top store until klay droppednutes after steph. a big smile. irving and klay and steph in the three man final. and steph not to be outdone had 13 in row. 10 better than irving's 17. so the pressure is on klay. 23 points possible. he will need 28 to beat steph. wasn't meant to be. klay goes cold and misses four in a row at one point then five in a row, and steph is victorious. as he hoists the trophy, steph curry wins his first 3-point shooting contest. and meanwhile. atlanta's victor not a three. that was more like a 540 on the reverse dunk. made the finals against zach. the timberwolves jersey on his first dunk. and he's making the dunks with his head. two inches below the rim. levine took over the dunk contest in the finals, help from teammate andrew wiggens. between the legs works the left hand. at 19 the second youngest slam dunk contestant. now to the pro program. bill murray didn't make the cut but he was nice enough to hand out doughnut holes to all his fans. and smith burriss it on the par-5. and snedeker

here in new york you've got the barclays center, huge for the nets, yankees stadium, citi field, allis around the country. so i think what nascar has done very well -- and i'm not going to agree with you -- deirdre: you can tell he's trying to be diplomatic. >> have you ever tried to drive 180 miles an hour -- >> i've had several state police officers -- deirdre: vouching for -- >> look, they've done a very good job at marketing. i'm a huge f1 fan -- >> that's the jealousy here. >> no, it's competition. again, we have to understand that we live in a world where monetizing and marketing trumps just about everything else. that holds true for pinterest, that holds true for nascar, just about everything else we do. and the challenge to investors is to weed out those who are able to do it really, really well and pick those stocks and those companies and those that are going to be mediocre. because the mediocre are going to fall by the wayside. deirdre: very good point, indeed. nothing more to to add on that. we're just going to take a break because tonight two new i episodes of "strange i