this is a good day for barclay's.so i think they'll be pleased. >> helia, thank you very much for joining us there. we'll be back with helia later in the show. we're going to update you on the oscar pistorius trial again. i'm afraid earlier we got that wrong on the culpable homicide call. he has now been found guilty of culpable homicide. yesterday he was cleared of murder and this mortgage in the last couple of minutes, he has been found guilty of, quote, culpable homicide. those are live pictures you're looking at at the moment from the judge and oscar pistorius has been found guilty of culpable homicide. earlier this morning, he was found guilty of illegally using his gun in a restaurant, but clearly of using it while in his car. the significant development, then, this morning that he has been found guilty of culpable homicide. helia, is this largely as we're expecting, still found guilty of a very significant crime? >> i think what people are talking about in terms of this trial is that it's a trial that is being

coming to innovation, barclays is banking on the future.g new payment systems, new payment systems and metrics and here to talk more about the pipeline in an exclusive interview is barclays group chief executive antony jenkins. welcome to new york stock exchange. >> thank you. did a great job with alibaba on friday. so proud of them. >> that was an incredible day for everybody involved. now here you are on a monday and outside, i can't imagine what it was like for you to get into the building? >> it was perfectly fine. we weren't where the protesters were. >> and the issue they're out there is actually one that you -- in a way relates to an issue internally and about improving corporate social responsibility. we are here to talk about women at the helm of different divisions and you are doing a billion and a half in green bonds over the next 12 months. does this represent something bigger understoway at the bank? >> csr has the place but big companies can really make a difference in the world where we try and address a problem that's there.

barclays has human digital advantage.hey have the high street players in the u.k., which has to be the key. >> let's talk about barclays. >> i'm amazed the share price went down 1% on a day when they said this is a company with billiong revenues of 27 , three point 5 billion stashed in their back pocket against mitigation, and they trade only .7% tangible net asset value. morenk the market has a optimistic view. >> is it really about the number or the behavior of the bank? the stock is down 15% year to date. doesn't speak to some competency within that bank? >> there is a backlog of problems. fine wasesterday, the a 30% discount on what the fine would have been because barclays recognize the problem, sought it out, told the regulator, and the regular said, that's fine, you have to pay this, but it was a big problem. 2012,oes back to 2007 to so that is prehistory in terms of the current management strategy. i think their digital competency means they have a head and shoulders head start in building a long-term profit growt

msg, barclays, we are in that conversation. we have only been at this for 24 months.he dnc validates that. >> now that you have sold out, do you wish you put more seats in? >> no. not really. we hold 17,000 for basketball. one thing that is great is the intimacy. i'm not sure we could have captured that if we went larger. it is nice to have, to be sold out and create scarcity. when you look around the nba, those last seats are not easy to fill. >> some people say the intimacy is the best thing. others say the nets are. what is the start of the season? >> i'm excited about the team. we got younger, faster. billy king has put together a great product. our cap opens up in three weeks, earlier than most teams. we aspire to be local. we are playing in shanghai and beijing. we have to start the season earlier. flex my thanks to stephanie ruhle. that was at the bloomberg sports and business summit sponsored by bloomberg. september means back to school. that means back to school shopping. i'm going to talk about a professor who wants to make learning less stressful and more f

the barclays center wants to host the democratic national convention in 2016.will talk with bruce ratner, the majority owner of the brooklyn arena. a giant step for u.s. space exploration and for elon musk. astronaut mark kelly weighs in on nasa plans to renew space travel for the first time since 2011, a huge move for u.s. space exploration. ♪ >> brooklyn is in the running to be the host of the 2016 democratic national convention, the first it has to fend off five other cities -- columbus, cleveland, birmingham, phoenix. new york city has hosted six national political convictions, never one in brooklyn. in response, former dnc chairman and vermont governor howard dean has echoed the opinions of others that the biggest question is the travel time from hotel to convention center. we want to bring in bruce ratner, who is the majority owner of the barclays center, campaigning hard to bring they can mention -- the convention to brooklyn. what do you say to people like howard dean, who are worried about the traffic? >> what is shocking about howard dean and rendell

barclays does not answer to that statement. they can not tell me if that statement is accurate or not. i have given them many, multiple chances. i think this, the question is why they're fighting. i think looking for, now this is my opinion, they're looking for a smaller fine. but we should point out, everybody thinks that snyder than is casting like a huge net. he is. he is subpoenaing people the i will say this one firm is in trouble here. the best evidence from what i understand is barclays. virtu, the big high frequency trading firm that pulled ipo, from what i understand not even on the radar screen. melissa: interesting. did everybody know that today is national cheeseburger day? nothing says america more than a delicious, greasy, cache ridden cheeseburger. -- carb ridden. charlie you could have at cheeseburger. this is delicious cheese berger. this represents everything right in the america this is what liberals want to stamp out. >> show everybody here. melissa: this is delicious. >> this is not america. melissa: yes it

thes the number making barclays operators happy. what will this year up hold? we would hear from the teat -- chief executive. you will meet monique, my guest. headlines.out >> the european central bank has announced a final round of interest rate cut its to stimulate europe's economy. mario draghi announced a plan to buy private securities. a reminder that tomorrow in the loop will have complete coverage of the jobs picture including reaction from the chairman of the national economic council. economists. from we will have a ceo roundtable with the founder of staples, tomorrow at 8:00 eastern. stocks today, google shares rose. the federal trade commission overpaid --le charge customers for children making payments on mobile payments. the burger chain is a kiosk in new york city park. those are the top headlines for a back to you. >> the oil giant bp grant guidelines after a federal judge said the company worked with gross negligence. bp has paid out $45 billion in fees related to that spill. that could change. with more litigation and finds, i want to bring in

it says "brooklyn burger cheeseburger." >> both: "barclays signature prime beef." >> that's not barclaysf. >> it's ours. >> did you see that before? >> no. >> but see, these are the details that matter. we're spending $180,000 a year. as i walk around the stadium, i don't even see $18,000 worth of value. i see the batchagaloop burger. >> it's made with a brooklyn burger-- >> so they have a burger in here that's not called the brooklyn burger? that's a problem, right? the sports contracts that we have don't justify any sort of investment. i've made the decision to terminate all of the sports contracts, and save over $400,000 a year. we're gonna focus on selling these burgers in grocery stores around the country. look, i'm as enamored as you are by the glitz and the glam and the logos and all the fun stuff that goes with it. but at the end of the day, it's a business decision, right? >> correct. >> so it just doesn't-- although nice, the economics just don't work. >> and who gave you the p.o.? okay, let me check with frank and i'll get back to you. okay, bye. frank? >> yeah? >> you're stil

news related to barclay's, the u.s. financial regulator has fined barclay's 37.7 million.'s agreed to settle at an early state and that is why barclay has has qualified for a 30% discount. the failings were pounded by flaws in naming incorrect daes that suggested assets belonging to barclay's. the fda says barclay's retyped 38 million putting 16.5 billion pounds of assets at risk and, once again, are there fought been a settlement, the fdi would have imposed a penalty of 58.3 million pounds at barclay's. >> and shares down about 1% in today's trade. luxury shoe brand jimmy chu has listed on the stock exchange. the deal could value the firm around 700 million pounds. they have 120 shops globally, of course, became much more public, much more popular after sex and the city. >> the flotation of citizens financial group, the subsidiary of rbs is expected to take place today. >> alibaba shares ended the session around 4% lower yesterday. the e-commerce giant now ranks among the biggest companies in the s&p 500. following alibaba's astronomical valuation, the other internet star

meanwhile, barclays has relieved white of his day-to-day duties.ack to you. >> all right, thanks so much, kate kelly. in terms of financials more broadly, this is still an issue for barclays. for the rest of the sector, not so bad. you would think maybe would have turned around a little bit more. >> if you talk about the banks specifically, they've been trading pretty well. it's interesting. maybe this whole yield curve -- maybe jens is going to be right. main we'll have this yield curve moving in favor of the bank. the stocks seem to be telling you that. isle still in the lower rate camp. if i'm rate, got to move in the banks here. >> now to sears, and ceo eddie lampert. lampert agreeing to loan the struggling retailer -- excuse me, $400 million from his hedge fund. karen's got the fine print on what may be behind lampert's latest move. >> it's always a complicated story with eddie lampert. i want to thank tom for spending time to go over it with me. basically, this is a band-aid from eddie lampert, maybe permane permanently, i'm not sure. just un

can you see what goldman sachs and barclays are doing right now?otten so crowded around the alabama posts with everyone waiting to see the first trade that it's difficult to know exactly what's going on behind the scenes and what's holding it up? >> everyone is hovering around that post. i was on the other side and had a good idea of where they were looking. they are taking the orders and from all over the world to see exactly what the supply is an matching it with the demand. although there is a lot of people trying to figure out the price, a lot of it is still algorithmic. they are trying to figure out where the supply meets the demand. right now, no one back there had any idea of when it would open. it still depends on the order flow. >> from those you speak to on the floor, and who you get a sense -- the talk is $91-90 three dollars -- has anyone told you where they really think it will clear? >> the people who i was talking to behind the scenes were the people who were working on the deal. they did not expect $93 per share right now. it very m

and barclays will make thousands of job cuts over the next few years.ays shares are down 9% over the last three months while the bank is trading 3% to 5% higher over the same period. >>> i just want to mention that we are getting breaking news throughout the war with regards to ilead shares, they are now off quite a bit more after reporting smaller than anticipated year profit. we are just getting comments through that the cfo was saying the bid for t-mobile u.s. would still lead to capital increase of no more than 4.5 times net debt. they are stating that the july offer for t-mobile is still valid. and a capital increase is no more than $2 billion as well if this carries through. we are just hearing that on the wire. >> so this continues. still to come on the show, the pro-democracy activists have held this by chinese officials after beijing dropped universal suffrage in hong kong. more on that after the break. >>> welcome back. wilford frost is the new face you need to know, brand new to cnbc. i'm enjoying your company very much. >> so am i. i have ve

we're going to have bob diamond, former ceo of barclay's. we're going to talk markets with him and the strength of the dollar. weakness of the euro. i imagine he has sauce on that. then we're going to get barry sternlicht's thoughts. he highways $30 under management. right after we get the final second quarter gdp numbers at 8:30, we're going to be talking to larry summers who will give us his perspective on those numbers as well as where the economy is going. i am here in nantucket. later on throughout the weekend, you won't be hearing from them, but i hopefully will be giving you news on monday. chris matthews, they are all here in nantucket talking big ideas. so we will bring you that throughout the next couple of hours. becky, back to you. >> looking forward to it. andrew, we'll talk more in just a moment. but in the meantime, let's get everybody caught up on wall street. it is waking up to green arrows this morning, a welcomed sight for the bulls after yesterday's sell-off. take a look at what the u.s. equity futures are doing at this p

fox business has learned that barclays, i'm standing right here at the post, will be trading alibababer 18th barring anything, obviously, dramatic. but it looks like it's going to be pricing on the 18th and will be trading on the 19th right here at barclays on the floor of the new york stock exchange. you know alibaba is set to be one of the largest ipos, maybe the largest ipo in history if it's upwards of that 20 billion mark which some people say it may, in fact, be. and, in fact, we're also learning that glenn corell who actually had the ipo for twitter won baba. that's a big deal. very, very tough interi view process as to who gets to do this. by the way, want to take a look at some of the winners for the week. nike, microsoft, walmart, and on the downside, boeing, chevron and mcdonald's, liz. we're going to be watching to see whether or not we'll have a record close on our hands but, certainly, right now as i take a peek, we'll have five straight weeks of gains, and this has been a record-setting week nonetheless. back to you. liz: okay. i'm looking at the s&p, and the number to

the barclays was down, the high yield up seven.gh yield, you have to be able to have more flexibility. >> ok, you used the word tactical. does that mean you are encouraging investors to be more proactive? >> absolutely. the duration, credit quality. broadly speaking, you have to expectation, because they do not have the income or return that you had in the previous cycle. >> is another thing if you start to increase leverage or other types of risk taking behavior. this led up to the 2007, 2008 crash. >> the high yield market generally follows economic cycles, right, so going into 2008, leverage had gotten to ohio. hubris was widespread with managers doing silly things with their talents sheet, broadly speaking. some of them were being good about it. -- silly things with their balance sheet, broadly speaking. cash balances are really high, so we think we are still a ways away from that next turn in the cycle. happens, probably into a recession, you're probably have another recession. >> ok, so where do they get this? >> what we are

prepares for the world cup in spain, we look back at my past conversations with magic johnson, charles barclay, lebron james and carmelo anthony. >> i think that i had the best overall game. >> charlie: you're thinking about going to the basket now. are you also thinking about who was there that you could pass off to? >> i react to what they do. they've got to give me something. they can't stop everything. >> instead of grabbing it offensive rebound and shooting it, i'm going to pass it back out, and i kept doing that. so now those kids got a chance to score, and that taught me a valuable lesson of leading even at that time. >> charlie: yeah. i'm big on space. i'm big on trading space. i know if i get a certain amount of space, then i have a chance to put the ball in the hole, and that's the scoring mentality. >> i can remember just five years ago going to china and just recently being there a few weeks ago, how the game has just broadened in just five years. it's huge. >> i think the simplest way to say it is to learn your lessons. if you make a mistake or something worked for you, that's got

barclays coming up and say they want to revise profit. problem is will not gotten the details about how much they will revise system it may not just be 250 million pounds. it is down by 8%. i believe it for you. [laughter] >> yeah. i will leave it alone. that is probably the least of the jokes that could be made. thank you very much. let's step process the pond. the first official visit. the g 20. resolve political differences and improving the economy. hans nichols joins us. angela merkel will meet. i guess it is a bit of a staring match. french want more spending. the germans want a less spending the by the french. >> and you are right. the same story, a different city. today, it is in berlin. manuelhe came over here, said he would not change the third four hours a week and will not give on having more austerity. the print -- the french government wants to have their autonomy before they undertake some of the deficits. it a seems i every couple of days on the weekend, we have a repeat of the story. is germany holding back the global eco

>>> this is at the barclay antique center in the uk. the owners were trying to figure out who busted the cabinet. they went to the surveillance videos? that cabinet burst on its own. nobody is there. danny parker said he thought he saw two faces appear, then the cabinet busted. you see it from a different angle. >> there are a lot of cameras on this cabinet. >> if i had an antique store, i would have a lot of surveillance cameras. >> do you see anything? >> no. >> see again? nobody is seeing the faces. however, once they got to a different camera, watch what happens when the camera pans over. see that? watch that corner. >> that was a mouse. >> they think that was a small figure. they said at the same time this orb appeared on this video. >> that is a piece of dust. >> no. >> let's think about this from a supernatural standpoint. people who do believe in things like ghosts and spirits, experts would tell you that antiques are the most likely things to attract this kind of energy and behavior. >> or it's a rickety old antique cabinet tha

they play the barclays center in brooklyn on tuesday and wednesday.♪ mama said mama said you got a one track mind ♪ ♪ but you aint gonna get it all the time she wasnt lyin ♪ ♪ i went from san berdoo to kalamazoo m ♪ just to get away from you m ♪ i searched far and wide hopin i was wrong ♪ ♪ but baby all the good women are gone ♪ ♪ my last dime got used up on gasoline ♪ ♪ what i mean what i mean atlanta g-a ♪ ♪ by the end of the day i'm well away that's what i say ♪ ♪ i went from san berdoo to kalamazoo ♪ ♪ just to get away from you ♪ ♪ i searched far and wide hopin i was wrong ♪ ♪ but baby all the good women are gone ♪ ♪ and everything i had to say wish we'd gone so far away ♪ ♪ well now i can't stay ♪ ♪ ♪ i can't stop for no one ♪ ♪ its no fun no fun with a one track mind ♪ ♪ if you don't get lucky some time ♪ ♪ but still im tryin ♪ ♪ i went from san berdoo to kalamazoo ♪ ♪ just to get away from you ♪ ♪ i searched far and wide hopin i was wrong ♪ ♪ but baby all the good women are gone ♪ ♪ i went from san berdoo to kalamazoo ♪ ♪ just to get away from

that's why, at barclays, our ambition is to always realize yours. right here.ith a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ >>> back at 17, delicate little third shot here for mcilroy. >> got to get the ball first, if you don't, it's coming back to you. very tightly mowed here. >> well done. well done. walked up and looked at the spot just on the green, looks like it carried in to go a foot or so where we was trying to. a special thank for the metlife blimp for providing unique perspectives. today's third round of the unique client group invites you to see their unique perspective. it's always good to see snoopy's smiling face up. >> and it means the weather's better. >> that's right. >> and it means our coverage is better. look at the holes atop and other shots as well. >> all right. we'll take a look at horschel's pinpoint accurac

enter into agreements to provide bank credit facilities authorized under 2002 proposition e with barclays bank plc and state street bank and trust company, the lowest cost, responsive and responsible bidders. the agreements provide an additional $200,000,000 in available credit with annual costs not-to-exceed $750,000 and for a total contract duration, including possible extensions, not to exceed five years. the gm is further authorized to select the next lowest-cost, responsive and responsible bidder should either of the selected banks be unable to meet city contracting requirements or if negotiations are otherwise 5 years. the gm is further authorized to select the next lowest-cost, responsive and responsible bidder should either of the selected banks be unable to meet city contracting requirements or if negotiations are otherwise not successful.1234 >> thank you, commissioners? >> cfo is here to answer questions. >> thank you we have a few slides to share or i can answer questions. sorry it got to the bank -- back of your package. >>president vince courtney: we can see the slides or i

all that is reflected in the books that goldman and barclays can determine that price. that order flow is significant. you are really trying to attract as much liquidity as possible at that open. that first pricing indication and that range is going to be an important sentiment where ultimately we open the stock. >> let's assume they get an early indication. there will be price bands. will it move in certain balance? give us an idea how they will move these indications? >> we are close to having that first indication. likely they'll put a couple dollar range. that allows them as they are hiking up or hiking down to stay within that range and slowly build that book. if it's a $2 price rang, that will allow them to hike it up in $2 increments. slowly as we get closer to the opening, we'll narrow that range down into dollars and ultimately cents. >> if it opens at x price, will likely move in $2 bands. >> throughout the entire morning. >> can you give us an idea who -- you can't talk about specific companies, but who in general are the people putting in the biggest orders

they have the barclay center, what else do they have. >> we had the convention in philadelphia, it was a great convention. >> i think it's true brooklyn would be a nightmare for the delegates. brooklyn has become the locust of hardship youth culture, if you're trying to get young millennials involved in the political process and recruit them as active democrats that might not be a bad political play. >> pennsylvania is a swing state and new york is not. inside story comes bac >> the nude photo celebrity controversy. some people are saying it's the fault of the celebrities. the fbi has been trying to find who plucked private photos from jennifer lawrence and kate upton and others did it. i'll read what ricky gervais said. he caught heat for this. ful a lot of people thought he was being insensitive. on the on the other hand, a lot of people told us, why are people taking these photographers. and putting them in the cloud, is this the celebrities fault. >> it's like saying blame the victim. you could fight credit card frawght e -- fraud by not having a credit card. there's good reason fo

that's what we've been led to believe by the fashion-and-music fundraiser that happened last night at barclaysr as part of new york fashion week. the fashion rocks audience was knocked on its fashionable ass when canadian female impersonator justin bieber emerged from his sizzurp cocoon to mumble incoherently off a teleprompter while supermodel lara stone stood there wondering why she bothered to show up for rehearsal. ( cheers and applause ). >> ladies and gentlemen of "fashion

great job to barclay, goldman the entire underwriting syndicate. >> the beauty is it the --. >> what we've seen is a significant amount of volume come in now that we've opened trading and giving opportunity for people to buy and sell at these levels and what we want to see is a smooth and orderly transition to whatever price ultimately it will end up in so far in the first few minutes it'ses been fairly seemless. >> and yeah and the producer had a question there. if you want to bring somebody in we're happy to do that here. patty, tell us more about the book building as you went to the open. there were 50 million, essentially. >> correct. >> at the open there. >> as scott said it is a methodical situation where where he price indicate and walk the book up to the supply and demand. and it is an amazing process of putting the buyers themselves together to get the equilibrium of supply and demand. get it to the right price necessary. take as much time as need to get the price right and to get a 90 handle, 90 above was pretty health. >> scott there are not going to be many 100 plus ipos

barclay's will have the ablilit to sell right away.erwriters are limiting those who could the first stock to an elite few. at a meeting between underwriters and executives in new york to price the deal, the ceo and chief development officer offered their confidence in alibaba as a long-term investment according to people present at the meeting. alibaba's two largest shareholders each multiplied their return on investment over the last decade. now allibaba employees will gather at a company employee will be on the share's opening trading day to see if they can do the same. back to you. >> and stay tuned throughout the day with ftse cnbc. we'll bring you an interview with alibaba's founder and ceo jack ma at 15:30 "squawk on the street." >> that will be an exciting interview. we also want to know, how will alibaba finish its first day of trade? if you want to join in the conversation, e-mail us, worldwide@cnbc.com or tweet us, @cnbcwex. there's our personal handles on the screen. >> i'm going for plus 11.3% on the open and by the end of

that's why, at barclays, our ambition is to always realize yours. right here.ith a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a newly redesigned cabin of unrivaled style and comfort. ♪ the all-new c-class. at the very touch point of performance and innovation. ♪ >>> back at 17, delicate little third shot here for mcilroy. >> got to get the ball first, if you don't, it's coming back to you. very tightly mowed here. >> well done. well done. walked up and looked at the spot just on the green, looks like it carried in to go a foot or so where we was trying to. a special thank for the metlife blimp for providing unique perspectives. today's third round of the unique client group invites you to see their unique perspective. it's always good to see snoopy's smiling face up. >> and it means the weather's better. >> that's right. >> and it means our coverage is better. look at the holes atop and other shots as well. >> all right. we'll take a look at horschel's pinpoint accurac

and darling ingredients, barclays analysts say they're focusing on stocks values rather than just growth. they like energy companies, names like eclipse resources, jones energy and rsppermiam. small caps can be volatile, most of the earnings come from domestic incentives. the federal reserve begins to tighten its monetary policy. >>> and more about what these big market gyrations make for your money, he is the global chief and strategist at black russ, welcome, good to have you with us. i don't mean to put lipstick on the pig of a day, but it occurs to me on a day like today, the investors have a lot of advantage, they're not graded every day or quarter. they don't have to do anything. >> i think that is right. and honestly, in the near term we might see additional weakness. the market is adjusting to an environment in which the fed will be less accommodating. and if you're not a federal manager you're not quarter to quarter and if you're comfortable sit tight. look for bargains which this market may present. >> but russell, why are these big moves back? you know, one day up by triple di

that's for barclays. >> shares of sprint, just a clip $7. first time in a while that stock has seen a 7 in front of it. marcelo claure saying value proposition is what we are going to offer the consumer. we'll see. we'll see if that is able to maintain. >> you sound skeptical. >> they've got a hard road ahead of them, no doubt about that, in an increasingly competitive environment. the fcc's opposition, full opposition to a deal that was never announced, t-mobile and sprint, seems to be justified on the pricing front from what you are seeing right now on the strong competition between these four carriers. the two mega and the other two. >> if i were apple, i would be cheering. because what do you do to get customers? you offer good service. you offer good spectrum. you offer an iphone. i think what i heard yesterday was that sprint is going to try to take share with the iphone. >> iphone for life. >> $20 more a month and you get a new one every two years. >> i'm going to sign up. i might switch. verizon has over-the-top, they might have "hou

barclays says that you should overweight equities. johnson has the opening of the markets. deckday, it is back to the after the labor day holiday. a lot to think about. focusing on what is happening in europe and stateside. the people will be paying attention to manufacturing data. it has not been that rosy as of late. will the usb be the exception to the rule? there is a little bit of a tailwind coming into the recession. it is fairly small. we will wait to see what the ecb does later on this week. the story is more focused on what is happening and eight dollar rate on a tear at the moment. people will be paying attention to that data and trying to and works how it fits with what the ecb will do next. story out of asia is japan doing well. the data was more positive than anticipated. income.s is on fixed that will be the story for here. there was an interesting piece talking about correlation between the fed and the bond market breaking down a little bit all stop -- a little bit. important than the u.s. data. whened seems to be timing the first hike will come through. the

. >> we were having a discussion about the islanders move to barclays. to go there for an event desk and i was at the main concourse in 22 minutes. that was replicated in number of times on visits, including in rush hour. >> tell me about the experience -- that is for the jogger free. the ducks in the kings. -- that is further jogger free. -- geography. it has doubled in the last fiscal year's. -- the last two years. >> eric holder holding a news conference to provide an update on ferguson, missouri. they have opened a civil rights investigation into the ferguson police department. that is separate from the probe -- the civils rights probe into michael brown. we will have more details on this breaking news as soon as we get it. ♪ >> welcome back. it's time for today's latin america report. brazil's central bank is signaling borrowing costs remain unchanged until at least the end of the current administration in december. they held the benchmark rate at 11%. "at thisthe phrase moment" from the communiquÉ. prepared to join the bidding to develop mexico's o

banks like hsbc, barclays, lloyd's of london, royal bank of scotland among those that have introducedances in response to the bonus limit applied by the eu. that bonus limit says you cannot make more than twice your fixed annual pay. the banks say this is not fair. certainly, heightened competition in the marketplace for bankers and the regulatory environment is different. and the uniteda states. the bankers have many options and many levels of pay. the fear among the banks is that they will not be able to be competitive. the eu might be introducing new rules to try to catch those banks that are invading. >> the news this morning is more positive for the italian banks. what is going on there? >> this has to do with their capital position. if you years ago, they were among the most troubled banks in the euro zone. it looks like they have gotten their financial house in order. at least according to the minister aheadce of an evaluation by the european union. ,intesaook at unicredit saopaolo. the finance minister in italy saying the italian banking system is in a very healthy position. a

verizon generated 265 milliont dollars for the underwriters, jpmorgan and barclays. now they are busy pitching clients to do more acquisitions. we have been following this story. main page, what is it? arthey are calling it the of the possible. it means they are saying they can get a hundred billion dollars of financing for a made a deal. raised $49 billion in bonds in the u.s. this time they are saying if we look at the u.s. and europe, we could do $20 billion in loans and there you have it. >> the question is, is demand their? >> interest rates are going to stay low for a little while longer. investors have a lot of money to put to work. they are looking for products. the question is, how long will that last? we heard people were putting in orders of a hundred billion dollars. me ators are saying ring deal i can invest in. >> what kind of deals are we talking about? about 10 during deals. it is a friday. people are talking about i and hazardous with sab miller. glencore buying rio tinto. at&t and vodafone. that has been talked about for a while. >> they are finding

is that the death of the barclays card as we know it? absolutely not.e still need an consumers very strongly tell us when it comes to the payment and financial details, they wanted to be with a trusted financial provider. even apple relies on a system and financial realm. .> valerie thank you for joining us at this morning. the pulse is coming off. guy johnson joins us was the give me a choice, scotland or apple? >> neither. theill be talking about budget. where does germany fit on the idea of more qe. more from the ecb or spending a little bit more. surroundings.heir that will be interesting. we are likely to get news and from the dutch on the investigation into the downing 17.h we'll be watching that and the headlines. we will go to much red -- madrid. google testifying and the right to be forgotten case. we'll be talking about that as well. about going to be talking apple. plenty of gas talking about the application for startups and how we you take advantage of what will get from out the. we will be talking about the payment story. -- of what we will

to put in place in order to keep growth up at the target of 7.5%, and royal bank of scotland and barclayso you think they can do? >> for the longer-term already so who cares about the rate of 7.5%? nowadays, we have to look at where the growth is coming from, so we can make a little bit more returns. deserve a rating of becausee growth cycle, there are many sectors that have been supported by policy, and real money is coming through for sectors like alternative energy, nuclear power anytime soon, and also the health care sector, you know, 25% going forward, and also the high-end consumption, like alibaba, and there are younger consumers. this is a growth coming from the new drivers of the economy. on top of the national defense. you know, that is a sector coming through, and the consumption of brand names. and then the energy related. the big agriculture names are coming through, so you look at the sector, the earnings behavior. >> do you think we will see other opportunities with the state owned enterprises, as well? >> the state owned enterprises are a problem. we all know that. is why

new york's attorney general is blasting barclay's once again. that suit alleges fraud and how barclay's ran a private trading platform. eric schneiderman calls barclay's argument misguided and disingenious. he anteriores the bank isn't helping global traders. >>> and the fed will be setting up a two-day policy meeting today. the big focus is on the language, of course. policy decision is due at 2:00 eastern time and chair janet yellen will hold a news conference a half hour later. >> i saw the hitton -- >> yesterday he was saying that the fed, they would leave that in, but take out -- they would leave that in, considerable time, and leave in another statement, as well. both of those add up to the markets thinking maybe the fed is not moving as quickly as we had anticipated. >> moving -- yesterday we talked to traders who said -- >> no, no, but i mean, looking around and kind of listening to that one guest we had yesterday that said look, there is not a done deal in terms of getting above false speed. there is considerable -- people think it does

that trend is very much in place according to barclays. we caught up with them earlier.ranslates into a yen. you have the dollar up, you're looking at six-year highs. -- that willmuch come under pressure from the dollar. get ready for 107, 108 in the weeks to come. at the bottom of your screen you have got cable. traders, we are still long this currency. we had a conversation and they say not a sterling crisis yet $1.50. could see >> these are the top headlines. the eu put sanctions against russia on hold. the hold is expected to last a few days. brownminister gordon returns to politics in an effort to stop scottish independence. derivatives regulators have told the department of this just they found evidence of criminal rate rigging. >> apple takes a bite out of the competition as consumers [indiscernible] our guest is joining us on thet set now. what are we expecting? >> we are searching to handsets. let's talk about that. >> this presentation will be about getting apple back in the public eye. all the adverts for buttons and they will move that and that will be the fo

barclays, hsbc and lloyds are among the banks. there is a bit of a london focus here.'s finance minister says his country's lenders won't face serious issues in the upcoming ecb review. he spoke to bloomberg in cernobbio/ . >> the italian banking system is in a very healthy position. they have done a lot of effort in increasing the capital. i am confident that we will not face any serious case. been under a program for a number of years which has been large but also successful. it is now exiting the program. i am confident that this is going to be a success story. the shores ofom lake como. let's show you today's pulse number. $23 billion. that is how much renewable investment in scotland is at risk if the country votes for independence. this raising questions about how developers would get their subsidies. we are going to take a break. we will talk more about green revolutions when we come back. ♪ >> good morning. you are watching "the pulse." english wine company chapel down is breaking new ground. it is the first listed company to raise new money by crowd funding. c

barclay's is keeping its overweight rating for $110 price target.jeffrey's says apple pay could be post for the card networks and terminalmakers and negative for ebay and paypal. >>> with apple unveiling all these products, are consumers impressed? julia boorstin tracks the reaction. >> apple immediate its big announcement in california, the rest of the wireless industry gathered here in las vegas for north america's biggest wireless event of the year, ctia, and the folks here were paying very close toengz to what apple had to announce. the reaction was positive. industry experts giving tim cook a thumbs up for his first big product announcement. wireless analysts and consultants honing in on how the gadgets and operating systems together launch an unprecedented health tracking system and raise the bar for the rest of the industry. attendees impressed by the fact that am has signed up 200,000 retailers, from starbucks bloomingdale's and macy's. it's a departure to offer so many different options for that apple watch. as tim cook establishes his own

barclay's claims the activity is outside of the new york venue. >>> speaking of banks, credit suisseunder fire from u.s. regulators. "the wall street journal" reported that the fed has asked the bank immediately to address issues related to its underwriting and sales of level raej loans. the fed says the bank hasn't seen guidance issued last year about avoiding deals that issued too much debt or too few protection in case of default. the last time i checked, credit suisse was flat on the day. >>> coming up, the nfl may be the most powerful sports league in the u.s., but it's coming under heavy fire from the public. could this end up costing the nfl? that's after the break. >>> welcome back to the show. voting for the scottish referendum kicks off in less than 24 hours. overnight, we got three fresh polls indicating that the no campaign has a very, very slender lead. we have 49% in the opinium, 45% in the icm and 48% in the survation. 14% in one of the polls is undecided. that tells you it simply is too close to call. what's interesting is bookies have paid out for those who bet on no