overall sharp's management, including removing ceo. quite deficient than what was initially said when they were wooing sharp, saying they would keep all the management in place, keep all the employees in place. he even offered to take on the debt load. keep in mind sharp has a $4 billion debt still there. what does this all mean for foxconn? well, foxconn certainly looking to position themselves in a stronger place against asian rivals like sam sung. foxconn has said with sharp, they plan to begin producing those oled screens by 2018 when apple plans to start using those in iphones. so it looks like it's been a bumpy road, certainly, but that deal finalized. it will be interesting to see. this is really significant for japan. this is the largest acquisition by a foreign company for in a japanese tech industry. this is a company that's been around for 100 years. keep in mind the larger picture here. prime minister abe has really been pushing for a change in corporate governance in japan, telling japanese corporations they need to open u

the group has invested in 66% of sharp. sharp beganbegan -- as a mechanical pencil manufacturer.the company became one of japan's most recognized television brands in the 1980's. worldwide, demand has fallen. with it, the japanese giant's fortunes. the taiwanese company could be aiming to use know how -- use nkknow-how to -- foxconn walked away four years ago from buying a stake in sharp when its shares took a tumble. last month, the shares took a tumble following the emergence of previously undisclosed contingent liabilities at sharp. markus: in europe, a search is underway for a buyer of britain's biggest steelmaker and around 15,000 jobs in the u.k. are at stake. it comes after indian conglomerate tata said it may sell its british steelmaking unit. the british -- this sector has become a burden. it is a tough blow. the government is looking at all options to safeguard the industry. we've seen and heard britain's business secretary to get -- rejecting calls for a nationalization of the business. there has been a sharp drop in prices worldwide. analysts attribute this to a flood

they say they need time to study sharp's accounting. sharps had forecasted a gain for the year, but now predicts a loss. they plan to sign the final deal on saturday. >>> another struggle electronics firm toshiba will sell to a chinese maker. it's part of the efforts to streamline its operations following an accounting scandal. toshiba will sell parts of his corporation to media group. the deal gives the group the right to use the toshiba brand for 40 years. >>> checking the markets, tokyo shares ended lower after comments from u.s. federal reserve chair. she call for caution in hiking the country's interest rate. for the details we go to the tokyo stock exchange. >> well, following the remarks many traders sold the dollar against major currencies. shares in tokyo fell. the nikkei closed at 6,878 making for a second day of losses. as for thehe stronger yen weigh on shares of exporters. the output numbers also dragged down sentiments. the figures point to weak factory activity from here and abroad. toyota and fujitsu were among the major

but sharp is a real gem in japan. sharp as one of the innovative japanese companies. will copy and make it cheaper company. they were technology leaders and still are, and the brand's beloved in japan. is a top-tier brand. this is a very humbling experience, a difficult experience, and a new experience, because the old japanese troika, who traditionally love each other, usually they hold together and keep japanese things japanese. this now goes to a taiwanese company. it's the first for a major electronics company in japan, and it's a bit of a shock. cory: finally, i wonder what you think foxconn's ambitions are with sharp. what do you think they want? >> they want to expand their margins. they are a screwdriver shop; they put together pieces of the iphones and turn them into an iphone using really cheap labor. that cheap labor is becoming more expensive; their margins are getting squeezed. they need to get into higher value things like screens that sharp is so good at. foxconn has got to move from being low margin to high-value, higher-margin, and sharp gives them bo

rebuild sharp's business. now, sharp executives plan to use more than half of that amount to develop what are known as organic el displays. industry experts predict growing demand for the next generation products that are used in smartphones. sharp officials hope to take on the south korean rivals. sharp's reforms by increasing the presence on the japanese board. up to 2/3 board members. let's check in on markets now. share prices on wall street closed at 3 month highs. janet yellen's comments on tuesday continues to ease concerns. she suggested a cautious stanone hikes. let's see how markets here are reacting for that. ramin joins us from the stock exchange. what can you tell us. >> good morning to you. a lot of investors focusing on the next big thing. u.s. jobs data and keym manufacturing data. let's have a look at how the nikkei are kicking off, thursday, march 31st. back up the 17,000 level. yesterday, major markets in europe rallied after yellen ace comments, but the nikkei wasn't able to join the party.

rishaad: this is a drawn out pursuit of sharp.ning a big discount on the original price, $3.5 billion. deal set to be signed on saturday. he managed to get a big discount. >> good morning. yeah, that month of wrangling and pushing the deal was not for nothing. sharere paying $.88 per versus one dollar 18 -- $1.18 per share. two directors out of 13 voted against it, pretty unusual sign of dissent and a japanese company. it's unlikely that banks are getting what they wanted either. were still looking out for information. as the dust settles, the question is what is next. same day as the announcement of reversed itsrp has operating profit into a loss, sign of challenges ahead. rishaad: thank you very much indeed. story, have more on that looking at that throughout the program. tweet this your thoughts at @rishaadtv, include #trendingbusiness. controlled by one of china's richest men, and other stories making headlines. china's: the impact of slowdown is weighing. tumbled 50% in less than a year, falling below its ipo price, prompting

sharp's banks are waiting.rocess the renewal of a new two, but they need to get a resolution by next week. emily: how much time to have to renew the loans? >> it should be ok if they are able to reach final terms by next week. it should be enough time for the banks to process these renewals. the issue is, the companies are still quite far apart. people familiar with the matter have told us they are going through a list of more than ¥300 billion in liabilities, almost $3 billion. they are trying to sort out how they will manage those liabilities. foxconn is paying a premium for sharp, and they do not want to take on extra billions of dollars in liabilities at this point. they are trying to work through them and figure out if foxconn can avoid them. there is also the possibility that foxconn will adjust the terms of the deal they have already ordered. sharp's board voted on it. that would mean sharp's board could go back and have another vote on the foxconn offer nvidia would consider another offer. emily: what d

sharp denied the reports.ay, sharp said no final date set, but both sides working hard to reach agreement. have the start of a new trading week right here in hong kong and shanghai. the big topic seems to be china's move to cut its growth target. the shanghai composite saw gain. up -- a we are waiting for china's fx reserve data, and listing the fall is expected to have slowed, $3.1 trillion in february thanks to stabilization in the yuan and better sentiment on the currency and valuations as well. with china cutting its growth target, currencies in asia of countries that depend on china feeling the pressure. kiwi dollar and aussie dollar falling today. traders are keeping an eye on that to see where the aussie dollar could head from here. as china comes online, keep an i stocks. 1.3%,nk of china rising one approval by the hong kong exchange two spinoff aviation. car sales in february up 15% year on year. hai seeing upward momentum after being fined by the taiwan stock exchange for being late in reporting that

billion, that sharp may be shouldering. but now the companies are expected to decide on hon hai's takeover. hon hai has said in a statement it will make an important announcement. sharp had forecast an operating profit for the business year ending in march, but it is now expected to post a large loss. the company's executives returned to the negotiating table, and agreed that hon hai will take a 2/3 stakes in sharp, as previously planned. the taiwan company initially offered around $4.3 billion. now it wants to reduce the number to about $3.4 billion. >>> the chair of the federal reserve has stressed that a future hike in u.s. rates should proceed cautiously. janet yellen made a speech in new york. she explained the pace of rate increases needs to be delayed somewhat in light of market turmoil, triggered by the slowing economy and sharply lower oil prices. >> given the risk to the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy. >> market sources say many investors had believed

it's wants -- what it wants, sharp assets on the cheap. what is stopping from bringing anyone back to the table? out themo not rule coming back. something has changed. part of the deal was merging with those of toshiba, unfortunately toshiba picked a different china -- partner. rishaad: thanks. we'll get you some breaking news. this ministry of image 370 still 70maining a mystery -- m3 still remaining in history, debris recovered, also the is consistent with drift modeling and does confirm search efforts in the southern indian ocean. this is what we have at the moment, saying the analysts have concluded that the debris is from mh370. singapore juggling slowing growth, can they keep all this going? ♪ rishaad: a look at our top stories. china fiscal stimulus could spur rebound, they do appear to be moderating the pace of the slowdown. shows theimagery rates of decline easing up. officials gathering at the boao forum to discuss china's reform goals. profit tumbling to the lows in two decades, petro china falling 67% to $5.5 billion, writing d

angie: sharp shares tumbling in tokyo.nth and since it's its board voted in favor of the bailout proposal from foxconn, but the deal has been held up. peter, is there a risk that the deal could fall apart? peter: there is. as you mentioned, we are coming up on a month now since sharp's board voted in favor of the bailout proposal from foxconn, but the deal has been held up. peter, is there a risk that the deal could fall apart? peter: there is. as you mentioned, we are coming up on a month now since sharp's board approved of the deal from foxconn. it is 26 days to stay. it is a growing list of issues that foxconn is going through before it signs this definitive agreement to proceed with the deal. they looked at some contingent liabilities that sharp has had. they are looking at some of the loans that sharp has to see if they can roll those over at lower interest rates and perhaps get some more favorable terms. they are also looking at the company's performance in the current quarter. there are reports out there that foxcon

it's that sharp pain that you get when you've got nerves, you know. it's that sharp nerve pain. burning, burning. >> i will do all i can to save that leg. i know. i know there's not much left. i was carrying that damn things in my hands on the way back. i was afraid the whole thing was going to come off. >> for these a means, 1965 was a year like no other in history. fleet marine forces with were committed to combat in both hemispheres at once. ♪ in the dominican republic violence flared endangering the security of the hemisphere. the marines were sent in. and in vietnam, growing communist aggression with the commitment of battle-ready marines with the pacific fleet. ♪ all in all, it was quite a year. this is the story of it. the caribbean in april, blue water, gentle surf, sun-lit leisurely beaches. warmth and laughter and fun. but in april of 1965, the dominican republic becomes a scene of violence, unrest and upheaval endangering the security of the hemisphere. it's a threat which is immediately recognized. >> the american nation cannot, must not and will not permit the estab

angie: sharp shares tumbling in tokyo.nth and since it's board voted in favor of the bailout proposal from foxconn, but the deal has been held up. peter, is there a risk that the deal could fall apart? peter: there is. there is. as you mentioned, we are coming up on a month now since sharp's board approved of the deal from foxconn. it is 26 days today. it is a growing list of issues that foxconn is going through before it signs this definitive agreement to proceed with the deal. they looked at some contingent liabilities that sharp has had. they are looking at some of the loans that sharp has to see if they can roll those over at lower interest rates and perhaps get some more favorable terms. they are also looking at the company's performance in the current quarter. there are reports out there that foxconn may try to decrease the amount of money it is putting into sharp, in additional equity. that was originally proposed at ¥489 billion. so we may see that number go down a bit. angie: so the timeline, when can we expect a

overall sharp saying that foxconn is taking control of sharp. ,t's for karst -- it's forecast ¥170 billionhat compares to a ¥10 billion profit at the same time last year. means ition basically is a $1.5 billion loss. i want to convert it to you that you get the -- converted to you to make sure you get the full magnitude. yesterday stocks surged in oil rallied. janet yellen struck a dovish tone on american interest rates. >> given the risk of the outlook, i consider it appropriate for the committee to proceed cautiously in adjusting policy could this caution is warranted because with the federal fund traded solo, the f on seas ability -- the fomc's ability to use monetary policy is asymmetric. francine: that was chair yellen. let's bring in our guests, antonio garza all of -- antonio garcia pascual. it, but she she following the markets to much? -- but is she following the markets too much? antonio: she wanted to make a case for this markdown in the long-term interest rate. weaker.al outlook is she made that point. -- sheted to remove accomplished that ambition. investorsshe is given a list

the chairman was at sharp's factory on friday. sources say the twoe at the fin preparations for a take over. sharp's board agreed to the take over late last month. sources say the representatives have nearly finished screening the liabilities and have found no obstacles. more americans are working. data for last month showed the jobless rate stayed below 5% and show a surge in hiring. the department of labor said unemployment was flat on the month at 4.9%. before january it was not that low in eight years. nonfarm employers at the jobs and expected around 190,000. employment stayed strong despite the stock markets and fall in crude oil prices. average hourly wages lost steam. they rose 2.2% year on year and fell slightly month on month. they are studying the jobs data for clues about the timing of the fed's next hike in the key interest rate. policy makers ended years of near zero interest with the hike in december. they are due to meet on the 15th and 16th of this month. a court in tokyo opened a hearing in a damagingses suit. a

the suspects are saivon sharpe and raleigh mcc lam. detectives used an undercover operation to make an arrest. police say that the victim in the with johns at the red roof inn in groveville. the 15-year-old reportedly live inside a group home and ran away. >> in these cases, there are the possibilities of additional victims. we urge anyone who believes they are a victim to come forward. >> sharpe is behind bars and mcclam is >>> new developments in the freddie gray trial. maryland's highest court heard statements. as issue is whether officer william porter can be forced to testify against his colleagues. porter is the only officer to be tried but the case end ended in a hung year and he will be retried but none of the other cases can proceed without deciding if the other officers can testify. >>> and two masked men are seen walking through the hallway at the skyline towers apartment building last month. an employee found 35-year-old babt, nde fadahunsi's body the same day. police believe that the two people seen in the video murdered w

it ain't got to be sharp. just has to have a point. put a handle on it, do what you need to do. >> "lockup" crews are regularly exposed to the tools of a deadly trade. >> in every prison we film in, there's always a shank museum, a place where the authorities display all the weapons that are confiscated by staff. ♪ homemade weapons the inmates have made from bed springs or melted down plastic. i mean, they're truly ingenious. but they're deadly, as well. >> at california's san quentin state prison, we saw how sophisticated some inmate weaponry can be. this homemade pistol is known as a zip gun. >> this portion is filled with ground up matchheads. the two holes here, inmates insert a wick. the inmate takes a plunger, pokes shrapnel in the open end, pieces of metal, ground up zippers. when the target walks by the cell, be it an officer or an inmate, the inmate lights this, it goes down, strikes the match heads, basically acts like a firecracker and shoots the shrapnel out. >> the majority of inmate manufactured weapons or shanks are desi

it is a sharp frontal boundary that will roll through the viewing area. then the temperatures will drop it will be a sharp drop but where is the rain right now? here it is. on the doppler radar now it is really coming through the viewing area as speak. the first batch heaving through the valley east-northeast. coming in. you will be on the up swing and then the other batch south of charlotte moving through lancaster. indian trail and getting into marshville and toward the midnight hour. wind warnings at 60. power outages. and down through avery and mitchell. and coming up the 7-day forecast with some very cool temperatures stay tuned. last night at this time we were kelling you and he rushed into a burning home. truck and said he was a former marine. this stranger pulled jb and naomi newton out of the home that exploded. we tracked him down. he is talking with coleen harry in a story you will see only on wbtv. >> reporter: his name is brian cross, he lives in shelby and was in the marines. he has been out of work since june because of an injury. the inest

what is foxconn offering sharp? major part of the would be ¥500 billion in fusion in the form of new stock. sharp will use ¥200 billion to develop a next generation of smartphone and ipad displays. ¥100 billion will go to existing lcd operations, with the rest being used for various restructuring. to retain quite a bit of managerial independence, and potentially keep all of its businesses together. rishaad: ok. thank you very much indeed for that. this deal between foxconn and sharp, when will it get done? as soon as it does, we will bring it to you. coming up, more states hold primaries. ohio and florida in the fray. we're looking at the day's big winners. ♪ rishaad: a look at our top stories. has dropped out of the republican presidential race after losing to donald trump. donald trump has lost ohio to john kasich. hillary clinton taking florida, ohio, and north carolina. apple has the announced the order to unlock an iphone is beyond the limits. apple says the government assertions that it has helped other countr

sharp is down 3%. they are giving back all of yesterday's gains. a report saying that they reported a net loss. they said it is not a source of that report, but it is considering cutting forecasts. we could see that signing between foxconn as well as sharp on april 2. just to end on a positive note, this is the leading gainer. up by over 6%. rishaad: getting back to our top stories. a new bid from china's on bank insurance. will marriott strike back? here?s at stake >> how much confidence can they have that they can get the deal done. they had a little bit more comfort with marriott. the deal was almost at the finishing line. rishaad: it's better to be with someone who knows the business. ben: that has certainly been the argument of marriott. the deal would create the world's largest hotel operation. experience limited operating hotels. shareholders would keep a stake in a combined larger entity. rishaad: are there concerns about being it will to do the deal. ben: definitely. there is no concern with marriott. the confidence is there. anbang is les

that would give sharp more time to reach a renegotiated deal.e banks is aiming for a final proposal. 2016, not turning out to be the best for japan's ipo market. quarter of debutantes have opened below their offer price, and that has been compounded by the stock rout at the start of the year. at of 21 ipo's below offering price in 2016, compared to only eight of 98 for the whole of 2015. it comes as a rout in japanese equities sent the benchmark tpoi x to the worst year on record. this weighs on investor's ability to free up funding to buy new offerings. at 204 ino peaked 2000 during the tech bubble, and then slumped to 19 in 2009 after the global financial crisis. they have been rising steadily ever since. analysts say you can't blame it all on the market route. -- market route. beenge of the dollar has climbing for the seventh day, the longest winning streak since january. this is the head of u.s. employment data that could back speculation that the economy is strong enough to handle higher interest rates. the greenback remained stronger again

so we need more clarity on where sharp stands. sharp says they have fessed everything up. foxconn not buying that one. so we need to do more due diligence on this deal. it's yet to get over the line in the sand. elsewhere we are seeing a continuation of the risk on rally that we saw last week. admittedly we did overshoot to the upside last week. so, a bit of give back now. especially on the nikkei. still below the 17,000 handle. some profit taking with the nikkei and the market there snapping four days of gains. elsewhere, we are seeing stabilization in the chinese markets. there's a degree of caution associated with this week as we get closer to the ecb meeting, will we see more policy support from mr. draghi and companies? will it come with unintended consequences as we talk about negative interest rates and the impact on the banks and the impact which we have seen on sharp relief with the japanese experience with their forerae into nerp policy. there's uncertainty on the policy front, in the political front, and the brexit issue. that will be the case up to june 23rd. a

scarlet: sharp shares tumbling in tokyo.nth and since it's board voted in favor of the bailout proposal from foxconn, but the deal has been held up. peter is there a risk that the , deal could fall apart? peter there is. : as you mentioned, we are coming up on a month now since sharp's board approved of the deal from foxconn. it is 26 days to stay. it is a growing list of issues that foxconn is going through before it signs this definitive agreement to proceed with the deal. they looked at some contingent liabilities that sharp has had. they are looking at some of the loans that sharp has to see if they can roll those over at lower interest rates and perhaps get some more favorable terms. they are also looking at the company's performance in the current quarter. there are reports out there that foxconn may try to decrease the amount of money it is putting into sharp, in additional equity. that was originally proposed at ¥489 billion. so we may see that number go down a bit. angie: so the timeline, when can we expect a decisi

. >> the long-running saga of the sharp bailout by foxconn remains delayed.re hearing a deal may not signed this month. it has been 25 days since our board voted in favor of the bailout proposal, choosing the offer over another bid. since then, foxconn chairman has held off signing the agreement was sharp as advisors look at sharks books. foxconn has sought to reduce the amount and wants more clarity on sharp's performance. the taiwanese company also seeking to reduce payments for new shares by 10% to 20%. foxconn and sharp says they are working towards a final agreement, but neither company has set a signing date. china's richest man is coming to .he rescue of fifa group has become the first major sponsor of fifa since the scandal ousted sepp blatter. like other wealthy chinese, aggressively investing in soccer since the president made the sport a national priority. this is run by sepp blatter's nephew,. the deal will run through 2030. a much needed injection for fifa , 100 $22 million loss for 2016, the first time in the red since 2002. rishaad: on her webs

angie: sharp shares tumbling in tokyo.nth and since it's board voted in favor of the bailout proposal from foxconn, but the deal has been held up. peter, is there a risk that the deal could fall apart? peter: there is. as you mentioned, we are coming up on a month now since sharp's board approved of the deal from foxconn. it is 26 days to stay. it is a growing list of issues that foxconn is going through before it signs this definitive agreement to proceed with the deal. they looked at some contingent liabilities that sharp has had. they are looking at some of the loans that sharp has to see if they can roll those over at lower interest rates and perhaps get some more favorable terms. they are also looking at the company's performance in the current quarter. there are reports out there that foxconn may try to decrease the amount of money it is putting into sharp, in additional equity. that was originally proposed at ¥489 billion. so we may see that number go down a bit. angie: so the timeline, when can we expect a decision

this has the sharp nerve built in.n their singles, there is a sharp nerve built into the caring case, so every time you slice your knife in or out, yes, gets sharp earned. here is from farber wear, their new cutting board which has built in sharp nerve, as women. next up, keeps the whole house smelling nice and fresh not because your masking odors but because you are eliminating them in all natural way. uses extract of lime, pine needle, clover and cedar wood, comes in all different types of sprays, and gels, and positions, again, not mask odors but get to the source of them, and remove them. and finally for you, remember little lady called debbie meyer years ago we had her green bags on the show, supposed to increase the life span of produce. and they work great. now she has new bag, these are the debbie meyer's grilling bags. so you take anything that you want to grill, you pop it inside the bag, nice clear sleeve on one side, foil on the other. you can actually use this, you tight ten up. you can use this on the gri

he looked sharp in his suit but the former mayor who wowed the city on election night and shame today by taking bribe ms. office was in court today admitting that he voted illegally. >> are you in fact guilty of that charge? >> yes, sir. >> reporter: just one day in jail was enough to bring out his charismatic smile but his can be deceiving. >> he looks good in a suit but

reported a sharp rise in allegations of sex abuse by its staff. a new report cataloged 99 allegations from 10 different countries, up from 80 a year before. 69 of those were against u.n. peacekeepers. >>> a car bomb and rocket attack in southeast turkey happened close to the border with syria. 35 people are reported to have been wound the in the explosion. further south, the police have fought with fighters from the p.k.k., the kurdistan workers party. fighting forced businesses to close and many to leave the area. we have a report from the city. >> this is the old quarter, any giving date, this place would be buzzing with people, shoppers and tourists bustling and coming through here. it's not the on going clashes between the kurdish military and separatist fighters. checkpoints have been set up. anyone coming through is searched. there is a constant sound of gunfire taking place. one of the effect of these on going clashes is that shops and businesses have been forced to close, which has had devastating impact on the local economy. now, there ar

a sharp gaining more than 4%.v asahi, and their ceo may step down because of that deal with the taiwanese company. that has been in the news for quite some time. tokyo steel falling. both fujitsu and tokyo steel have been downgraded, cut to neutral. korean stocks to look at, samsung gaining 2%. we are hearing from a local newspaper that the partnership with nbc, that would be part of the company. they would gain more than 2%. also hearing kia motors is considering building a plant in india. also, keep an eye on lotte stocks today. shareholders have voted to continue bochy -- backing the shareholder after the internal dispute. back to our top story this morning. -- yvonne: china's low growth will be a continue our this that years. we now have use of beijing. -- views in beijing. reporter: people are allowed to report from tiananmen square, it has been 10 days of political pageantry known as the people's congress. behind me, 3000 delegates are gathered, from top officials to representatives from the military, as wel

we had a sharp fall yesterday followed by a sharp spike and now we are starting to drift lower in the will take into next week until we get a real sense regarding the longer implications. guy: walk me through what happened yesterday. this was the last couple of days. here is the ecb press conference. this is what the euro zone did, it's reaction. is going on on trading desks as this is happening? >> the sharp fall in the immediate aftermath of the announcement was intuitive. that is what everyone expected. mario draghi is aggressive. and then, as soon as he suggested that for now rates are as low as they are going to go, there was a sharp turnaround. we drifted sideways for a while. today, investors are realizing -- this was some big measures we did yesterday. i think it will be into next week until we fully digest the implications for the currency. mario draghi has done this before. , he they first enacted qe said we were at the lower bounce. then they changed at that. a rated be that we get cut further down the road but for now they are on hold. hans: i love this idea that it will t

have got that snow across i-95 corridor and areas to the south and east and as i was mentioning a sharp cut off with the precipitation, for areas north and west. so we will talk about what we can expect breaking it down region by region on the first day of spring later this evening and our northwestern suburbs, worse case is a few flakes. otherwise we are not expecting any accumulation for you. along that i-95 metro area mixed precipitation changing over to snow. for central delaware and southern new jersey it is rain right the now but changing over to steadier, wet the snow and especially for areas east of philadelphia coming up we will take a closer look at future tracker six, time out precipitation for you and also, our totals with the accu weather forecast. >> okay, melissa, thank you. >>> lets switch live to "action news" reporter jeff chirico with a look at how road crews in new jersey are preparing for this spring snowfall, jeff. >> reporter: sarah, it is a cold rain falling right now, a long route 30 but we are expecting, as melissa said for temperatures to drop and this rain, t

sharp getting a bit of a boost on that. verint's fourth quarter profits fall sharply, missing forecasts. they're projecting 2016 results will be roughly flat. weighed down by its security intelligence unit. also launching a $150 million stock buyback. that is the company's first, though that's not helping shares much. down more than 12%. >>> microsoft hosts its annual developers conference in san francisco starting today. the company may give a glimpse into what to expect for products and software for the rest of the year. landon dowdy joins us with three things to watch. >> good morning. microsoft's conference kicks off today. while analysts don't anticipate any big product news, they are expecting positive updates. here are three things to watch. first, the cloud. the ceo's keynote address will be full of cloud talk with a large portion likely dedicated to advancements in the company's assure platform. second, updates on hollow lens and windows. analysts say watch for more insight on new uses for the hololens augmented re

the takeover of sharp is that risk of collapsing.rts, foxconn seeking to pay 20% less than the $4.4 billion initially agreed due to concerns about liabilities and future earnings. it has been 25 days since sharp's board voted in favor of the takeover. they are working towards a final agreement. raised money after pricing a hong kong ipo, making the cities biggest offering so far this year. the bank has said to price offerings at the bottom of the marketed range. the bank is scheduled to start trading on march 30. still to come, the push to reinvent itself as a creative hub. one of the city's new partners. coming up next, the strategic problems with the brexit, chatham house talks about the global impact of a possible british departure from the european union, after the short break. ♪ 8:14 a.m. in hong kong. barack obama has arrived in havana. president obama and his family are on a three-day trip along with corporate executives and prominent cuban-americans. andas restored relations remove restrictions, but only congress can lift a t

sharp spends a lot of her time at renew our community and organization focused on connecting people in need but the services necessary to survive. the organization's operations. his latest idea involves the construction of several tiny houses much like this one. >> instead of spending more than 50% of their net income on a place to live what a family spent 15 or 20% on a? >> beach these houses measuring 120 square feet would allow them to spend just that but the idea has now hit a snag. >> is the very government rules that are put in place to protect the community to have a good place to live and protect property values to groups that are trying to come in and have solutions. the stumbling block he is talking about involves a current zoning law and rock hill that prohibits homes less than 800 square feet from being built and with the cheapest homes costing the sets as a rule that fails to take even those who make minimum wage into account. >> they can afford a 100,000-dollar house and ended they could they can afford a 200-dollar power bill that goes along with the house. >> until the

foxconn in sharp still need to work out the final parts of the deal.ome kind of resolution by next week. emily: how much time to have to renew the loans? >> it should be ok if they are able to reach final terms by next week. the issue is that the companies are still quite far apart. companies told us that they are going through a number of ¥300 billion and liabilities. they're trying to sort out how they will manage those liabilities. foxconn is already paying a premium and they do not want to take on extra billions of dollars in liabilities. there's also the possibility that foxconn will try to adjust the terms of the deal they've already ordered. what do you see as the timeline for this to play out? fast.has to happen it is bizarre. thought we had a deal last week. by the end of this month, they have to pick a direction. alstom lifeis peter from tokyo, thank you for waiting in. weighing in. who is having the best they ever? donald trump. john oliver recently a real -- revealed that the donald trump donald drumpf. more googleg searches than any of the

sharp says it's a grim reality and if it weren't for stations like rock it would almost be too much to bear to. >> they really do care and they let as much as a helping hand as they can. >> rock is incurred to citizens and rock hill to reach out to members of city council and current zoning laws in order to eventually make these films available to people in need. kayla: thank you emily. you can also support rocks evertz to build these tiny homes by making a financial donation or starting a fund-raiser for more permission log onto our web site fox46charlotte.com. let's send it over to brian. hey brian. storms and they will be moving (vo) shop all makes, models and colors in your neighborhood... all with worry-free ownership. head to your neighborhood enterprise car sales and let the people who buy more vehicles than anyone... a rock hill woman is in hot water with police and the department social services after she allegedly pepper sprayed her teenage son. latoya hughes austin is charged with cruelty to children. police say for pepper spraying her 14-year-old for nothing think you prett

they are looking at some bones loans that has -- sharp has.y are also looking at the performance in the quarter. there are reports that they may try to decrease the amount of money they are putting into sharp in additional equities. ast was originally proposed a hundred ¥49. we may see that come down a bit. anwhen can we expect announcement? >> march 30 is an important date. they have credit lines and loans on march-- expiring 31. in investor starwood says they will nominate nine new members to the yahoo! board, effectively trying to replace the entire board. shareholders are going frustrated and impatient with the possibility of a turnaround at yahoo!. >> they plan to take over, basically. >> yes, it is effectively a oup. they did this back in 2014. they proposed a new board of directors for darden restaurants , and succeeded, and since then, the shares have been up. that is not the way it will play out at yahoo!. what they want yahoo! to do is sell the core business, and then we will see what will happen. >> it is interesting to see who star

i don't even know how deep it sharp it is. how far did it go. >> reporter: this is a photo he took of that x-shaped piece of metal poking through the passenger seat. about a foot long and half a foot long. >> it was unbelievable that much metal went into my thigh. >> reporter: it took nine stitches for the huge gash on his side. dylan's father just grateful the injuries weren't permanent or fatal. >> he was a trooper. i think i was in bigger shock than he was. i mean, all this time he hasn't shed a tear or anything, you know,. >> reporter: wow. >> and he's been strong. >> reporter: he'll be kept here overnight for observation at robert wood johnson hospital. he should make a full recovery but will need crutches. >> thank you. >>> a motorcyclist in critical condition tonight after a high news copper 7 flew over the scene on 17th and ramsey. officers pursued the motorcycle after spotting it waving in and out of traffic going about 100 miles per hour. the rider slammed into the back of a car. >>> now to vote 2016. just when you t

caterpillar, this stock has had a sharp rebound with commodity associated names. the thing is, commodity markets haven't come too far too fast and haven't come far enough to revive that super commodity cycle stock like caterpillar. this is one of those names where i think you probably should feel comfortable if you own it selling it at a higher level. the other thing it obviously has fallen sharply over the last few years. buying at a lower level might make sense. what we're looking to do specifically here, get over to the next screen, here we go, we're going to look to sell the april 77.5 calls. you can collect $0.70 for those and sell 67.5 puts, collect $0.85 for those. this creates the strangle. if it's through the 77.5 the call we sold, away, but collected $1.55 sell strange else effective price north of $79. contrarily if it goes below you may be compelled to pie more of it. we collected $1.50 premium to do that. down around $66 level. this is the kind of trade you want to do when you really feel like, you know, we're probably going to be capped out a little

in sharp contrast, the colder western half of the u.s. and that's courtesy of a strong front that is leading to some severe weather across the plains and the central u.s. you can see those dangerous thunderstorms sweeping in around texas and oklahoma. we're also dealing with another storm system bringing wet weather to the west coast. but the big story today is that we will see the threat for tornadoes, damaging gusty winds, hail and flooding stretching from texas, especially southern texas, and into portions of oklahoma and even pushing towards portions of the southeast and the gulf coast states. for us, we will continue with the gusty breeze tomorrow with sun at times. slightly warmer. as we head to the end of the week, breezy at times with warm sunshine. on the weekend is when the winds will calm down just a little bit. we could see spotty storms ahead of a cold front. highs in the 70s today. breezy to down right blustery a risk of rip currents. a small boat visely. not a good idea to head out on the water. the rest of the week, warm w

so you don't waste your money. >> a sharp young man. very sharp.ather grieves while friends and neighbors offer comfort for the family of a local officer caught in an ambush. the motive and why the shooter's brother came to watch. dropping in. amazing outcome as a driver takes a tumble from unbelievable height. plus major dino discovery that explain how t-rex became the baddest of them all. >> now "abc7 news at 5:00". on your side. leon: right now at 5:00, we are awaiting a news conference to update the ambush that cost a young prince george's county police officer his life. we will take you there when it begins. three people are facing criminal charges in officer jacai colson's death. we have team coverage for you tonight. amy aubert is in chichester, pennsylvania, where she spoke to officer colson's grandparents and childhood friends as well. we'll begin with maryland bureau chief brad bell in palmer park. where does the investigation stand? brad: we learned a lot today and we expect to get confirmation much to tell you about at the press confere

expecting a deal between sharp and foxconn, but now that looks like it will be put off until tomorrowse foxconn said they could not convene the board. investors flocking to the yen as a safe haven. malaysia, a cash register from their, the rate staying on hold, but an interesting meeting the cousin it is the last for the central bank governor, and no replacement has been announced. scarlet: also, some big australian miners will be in focus. they got hit hard in london. >> they did. tinto, 9.4%, rio off as well. even though iron ore has ofbilized at the high price $63 per ton, nobody expects that is sustainable. stockgulator asked by the sharpge to look into the spikes and steep decline. that is what we are watching. alix: "what'd you miss?" a recession could destroy a eurozone. from neville hill, raising the stakes for the ecb when it meets. could a recession mean the end of the eurozone? >> the third recession and a decade could put the financial and economic future of the eurozone at risk. a renewed increase in unemployment would further fuel the support, particular in southern euro

>> it's, look, i get why people hesitate to make such a sharp accusation. >> yeah.s like that word has this sort of status where you -- it's like who are you to say this, right? >> there's that reality and, look, i understand it's something you should say when you're sure. i'm sure because i saw what he said about mexicans. i saw when he said about muslims. about the ku klux klan. when presented with the question whether he'd accept support from the ku klux klan, white supremacist groups, david duke, he hesitated. if you have to hesitate on that question, you qualify right there for being a racist. but it's on top of that, i said the way he's using his racial appeal is extraordinarily cynical. we talk a lot lately about dog whistles and coded language. he's gone way past that to overt language. i think, therefore, we have to use overt language and call him the racist he is. >> look, i grew up in new york city, i grew up in the bronx in the '80s. basically every day it was like donald trump was on the cover of the tabloid. i'd wait for the bus, catch the bus to schoo

with his cuban countersglarts they cannot defeat america. >> reporter: and now defending america in sharp focus once again. kristen welker, nbc news, seattle. >>> still ahead tonight, inside the tunnel as passengers flee for safety and the terrifying moments bombing what does fresh epcot mean? maybe it's sampling seasonal dishes... ...enjoying hand-picked music or seeing locally grown topiaries. whatever you pick here, the epcot international flower and garden festival... ...is certified fresh epcot. experience a year of fun and all four theme parks with a florida resident annual >>> we are hearing incredible stories of survival in the wake of the terrorist attacks in brussels. evan lamios, a new jersey native was on the metro train behind the one that was hit by a bomb blast this morning. what followed was a frantic evacuation of passengers through the smokey tunnel, and evan caught it all on camera. here he is in his own words. >> this morning i was on my way to work. i went via metro. i was reading on my phone about some explosions at the airport, so immediately i knew there was someth

a sharp rise in allegations against u.n. staff. new report claims 99 cases of abuse in ten different countries. that was out from 80 in 2014. police policemen have been killed in a car bottom in south-eastern turkey in nusaybin, which is close to the border >>> european council president donald tusk has warned economic migrants not to come to europe. his comments come as thousands of people gather as greece-macedonia border. refugees blocked a railway line in a protest to let them in >> translation: we are not prisoners, she says. we are humans. we escaped from i.s.i.s. and we came to you. pleas that have become more desperate aas each day goes by. if there was any hope that the bottleneck at the border would be soeld in a few days, it is now all but gone, replaced by this pair, anger and frustration and an overwhelming state of confusion. access to macedonia is restricted but no clear guidelines have been given as to what the stranded here need to do. information is spread by word of mouth and often it is wrong. >> translation: ev

that is a sharp bound country. it's coming through. and that will not make for a drastic temperature drop. we will be mild as we take you through the midnight hour. meanwhile that weak front just kind of raced off the eastern seaboard there. not a lot behind it. a quiet day coming up. and mountain forecast no problem 43 and fair skies a nice start for thursday mild quiet conditions here. about 50 . and let's get back to the map. anything heading our way. what we will be watching is this coast and that will come up along the eastern seaboard and that will put rain back in the forecast and cooler air. 69 at noon and 74 at 4:00 p.m. let's get to it. a couple quiet days thursday, friday and notice the cool air is showing up. today in the 80s then 70s, 60s, 50s, having trouble getting out of the 40s on sunday. that is with the showers saturday into sunday. and lows near freezing with mountain snow on sunday as well. and then we start to moderate a little bit with dryer weather into the first half of next week. roads. >> thank you. and your