. >> the cities use 70% of their water to irrigate allianz and golf courses. talking about inefficiencies, is it more efficient to water golf courses and allianz or to use a crop and to export it and to create this massive economic engine that drives the country. >> john objects to the cost of hay. that is nothing compared to the resentment we feel when hey is exported overseas when it could stay right here at home and be utilized. we need to start thinking about other things besides making a dollar. >> but money does persuade people to save water. in l.a. there is a subsidy to replace thirsty allianz with drought resistant desert plants. it helps, but urban areas can do more. this is the los angeles river. it is essentially a big drainage canal. when it rains, this fills up with water which flows out to sea. california has to balance the demand of urban using, the environment and agriculture. >> if drought is to become the new normal, they question the sustainability of those who use water for exports. swaur a finite resource, and they would like to keep it f

elian's -- from allianz breaking now. neils anderson will talk to us after earnings break next hour. they own the biggest container shipping line. breaking now. fourth quarter has missed estimates. analysts estimated 1.3 one level is above what they had targeted. the actual figure for a operating profit, 10.1 billion, up over the previous years mine .4 billion and given some guidance. operating profit will be between 9.5-10.5 billion. they have raised their dividend to 5.3 euros per share up from 4.5 and they will be looking to see whether they are planning share buybacks or will stick with an increasing dividend as well. those are the early headlines from europe's biggest insurer. speaking to the cfo in about an hour time. today theykraine interimapproving an cabinet ahead of a may 25 presidential election. ryan chilcote is in the ukraine and filed this report overnight. afters nearly one week president yanukovych has been ousted. stage, the politicians have come to present their candidates for the country's new governme

allianz trading lower after a weak performance. dutch retail group ahold has a big presence up 3.39%. fourth quarter figures were not above market expectations. that's the individual. yields are lower as cross the board today. accelerated during the session. we're at 2 pn 66% yield on the ten year when we finished the u.s. market. it was a big -- we had a well received auction yesterday. of the currency markets, dollar index is at a two-week high today. dollar yen has gone down to e e below 1 pn 0 -- 1.02. we have an update on what's happening in asia. >> managed to gain .3 despite the drain of the markets this week. but within china down 3.5%. over in japan, lost .3 ahead of the testimony. while the dollar yen has been largely flat at 102.36. but australia suffered the biggest loss in three weeks. also poor earnings from quan it is a. panasonic shares gained 2.62% today. tha thanks to its better than expected dividend plan. this comes a day after the report about investment plan in the u.s. car battery plant. but saw increasing se

. >> to boca rat top for the final round of the allianz championship. michael allen your leader. champions tour title. >> let's switch gears. college hoops. stanford women have won 21 straight and 14 in a row over washington put he huskies said enough is enough. bay area fans not loving seattle right now. chiney ogwumike, 23 points, 14 boards. washington shot 47% from the field, including nine threes. chelsea flood, nothing but net. 41-34 huskies at the half. all five starters in double figures. stanford could not find the bottom of the bucket, shooting 35%. 9-41 from beyond the arc. stanford loses for the first time since november 11th. >> cal women in pullman facing washington state. luckily the game is indoors. gray, layup gave her a thousand points. second half, boyd, the layin and the foul. bear scored 50 in the final 20 minutes. cal wins big, 87-70. >> coming up at 6:00, another member of the woods family wins her first proevent, and more from pebble beach, and we're always happy when we get all four rounds in. >> thank you, shu. taking you live outside. a gloomy weekend co

but look what happened at the allianz arena but i didn't study enough bulldoze a sense of inevitability about the upcoming when mary and get to put by the head with a delightful finish on twelve minutes . well seasons troubled what has to wait until the forty fourth minute for that second from a rare breed driving home his seventh league goal of the campaign on the rebound off the monorail month the kick is headed effort was blocked. judgmental or drop and tending goats as pos in the sixty seventh minute to make it three in the game beyond his reach. but the reigning champions refuse to take difficult level and tremendous like adults they had to fall from a referee to let correlation for twenty kids kept off a stunning display of ball up from one when he buried his eleventh goal of the season to complete the five new routes get into the mulch towards a total of eighteen forty forty games they have fifty three points thirteen there was a petition to hear what you want but it's a gift to god don't you love the canal where the war rages on between spain's top three clubs awesome love the h

allianz is germany's largest insurer and had a profit rise from fifteen percent last year but still the ceo. in his forecast for this year seemed a little bit too careful a little bit too pessimistic so the sheriff went down the only boss in frankfurt these are the market numbers starting in frankfurt with him and go with the dax first which was off by about three chords of a percent to ninety five th. euro stocks fifty also down less than half a percent to thirty one thirty four advantage over new york the dow right now is up by close to half a percent to sixteen to sixty eight and currency trading at the moment euro it up against the dollar. the unemployment remained largely unchanged in february figures released earlier showed only a minimal rise from the previous month in total just over three point one million people in germany are out of work the jobless rate of seven point three percent compared to the same time last year unemployment is down by almost twenty thousand people the head of germany's labor office says he expects hiring to pick up. for five years after was bailed out

allianz the messaging application has grown.he application has users pay in games.bears pulse," a tax loophole it will be discussed. stay with us for details from our bloomberg report on the inditex.mpany of zara, we will look ahead to the pimco deputyhe cio, andrew balls. ♪ >> welcome back. you are watching "the pulse." how the markets are trading. jonathan ferro is here with more. chinese pmi coming over the weekend. equities are boring. the euro-dollar is now trading at 1.37. euro zone inflation numbers coming out in just a half hour. if that messes, the pressure is on the ecb to do more. right now, the euro is just edging lower. .> thank you very much, indeed jonathan ferro, thank you very much. coming up, numbers that could trigger the ecb to do more on inflation. mario draghi is ready to do more to counter inflation. coming up next, pimco deputy cio andrew balls. that is next on "the pulse." ♪ >> welcome back. you are watching "the pulse." i am guy johnson. russia to has urged respect the sovereignty of the ukraine. to giv

you should know pimco contributes about 30% of all operating profit overall to allianz.you as soon as we learn more. if they want changes, maybe they could push them through. big story if you have been following the pimco tale. >> hopefully we will be able to talk to them. >>> in the meantime, we are closely monitoring an important battle between big business and the state of arizona. at issue is a bill that would make it legal for business owners to deny customers based on religious beliefs. many say it discriminates against gays and companies like apple are simply not going to stand for it. it is up to the governor to sign it or veto it. scott cohn, is the governor any closer to a decision? >> reporter: well, she is 24 hours closer. we know that. she has until the end of saturday officially to decide whether to sign the bill, veto it or do nothing, in which case it becomes law by default. if it makes you feel any better, here's a tweet from the governor last night. i assure you as always, i will do the right thing for the state of arizona. governor brewer is now back i

with respect to insurance, companies axa and allianz and many others, did the following. there were insurance policies on the lives of individuals, and what happened after the war is the families of those who were killed for which there were live insurance policies, tried to recoup, and they were told that the policies had lapsed because the premiums weren't paid while people were in auschwitz, and this was only discovered, again, by news the late 1990s. we created something called the international commission on holocaust insurance claims, under former secretary of state larry eagleberger, and consensual way, after we got everyone together, there were 19,000 policies paid over around $400 million. so, the dimensions of this were peeling back the layers of an onion. one thing led to another. slave labor. got almost $8 billion in compensation from german private companies company and german government, and the majority of that were for mon jewish forced labor. a million and a half people got compensation as a result of that. so it was very, very extensive effort of which a

props with pimco weighing on allia allianz. ahold up 4%. the dutch retailer has a big retail presence. the fourth quarter numbers came in a notch above market expectations. that's highlights of some of where we're trading, but sentiment down a little. >> thank you, ross. we'll get over to capetown now, one of my favorite cities and to bronwa nielson. she tells us about her exclusive with the president of south africa, jacob zuma and joins us now with more. >> reporter: emerging markets are out of favor and their currencies are underappreciated across the board. south africa has one of the most volatile currencies in the emerging markets space, fallen some 17% against the u.s. dollar since 2013. many economists here at home say corruption allegations against the ruling party and the mining sector are further fueling this weakness. in a cnbc africa exclusive win sat down with president jacob zuma and asked him what he thought was behind the fall. >> once the dollar is in problems, many currencies are in problems. so it's difficult to say we c