for axa shares, taking a hit after the french firm expected a drop nernings. the group said it would raise its cost cutting target. stephane pedrazzi is following this story for us from paris. it has come off its lows. >> yes, but it's still losing ground on despite some positive announcement this morning that we are supposed to boost the share price. first of all, as you mentioned, the company has decided to increase the first savings target to 1.7 billion euros for the period 2011-2015 which is about 200 billion euros more than the original plan. it will increase its dividend to 72 cents per share from 2012 up 69 cents in 2011 and the ceo says it continues about the possible spin-off of the private equity unit. that was supposed to have a positive impact on the share price. but, obviously, the market is more focused on the earnings which were better than expected for the last year. net profit was at 4.1 billion euros which was below the average forecast of 4.4 billion, mainly because of some restructuring costs. also, the revenue despite a 5% increase last y

. >> leaks don't happen in washington by axa.s raises the question that many of us continue to wonder. does the president really want a result or does he want another -- lou: a central question in all of this. if the white house had nothing to do with the leak, the president's chief of staff on sunday morning talk shows to issue ultimatums like this. >> he says it is denim arrival of proposed. let's make sure does not. let's make sure that the group up there, the gang of eight, makes good progress on these efforts as much as they say they want to which is exactly what we intend to do to work with them. lou: the $85 billion in spending cuts and the sequestration are now just ten days away from going into affect. the house and senate stand in recess. the president returned to the white house tonight after is three day gulf weekend. to receive all been with, again? mr. obama is being very careful to slide back into the routine. no abrupt work being introduced. nothing on the public schedule other than a friday meeting with japanese