we will be talking to the chief executive, bill mcdermott.conversation on "countdown." all things cloud. we did see sales up 32% but licenses ruled the roost and they are falling. will cloud be enough to pick up the pieces? we will talk to bill mcdermott next. ♪ >> welcome back. i am caroline hyde. in the last hour we had the largest maker of business management software revealing sales rose 4%. operating profit came in at 1.2 4 billion euros. basically in line. the chief executive bill mcdermott joins us now live from waldorf in germany. thank you very much for joining us. first, your big push has been about the clouded how sap is moving to provide business software online. sales up more than 30% in that area. you are the old guard of licenses. how did you get investors to get excited about the clouded not worry that your license revenue is falling slightly? >> we have a vision to run simple and that asian helps companies radically simplify -- vision helps companies radically simplify the way they run enterprises and cloud is the logical ste

. >> with our exclusive interview with bill mcdermott, sap shares are one of the biggest gainers on the00. online applications helped boos t sales. breaking news. ecb governing council member says that asset purchases are not imminent or needed now. fore is any information those wondering if the ecb will do quantitative easing. he's saying they cannot rule out interest rate adjustments. the estonian economy is less balanced wages wise. he's the central bank governor of estonia. says they are not needed now. laying down -- p[ >> a second hour of "the pulse" is coming up. euro stoxx 50 will be here to talk about the cross channel operations and beyond because they have ambitions and other parts of europe as well and products in other parts of europe already. novartis missed estimates just by a little bit. we will talk about the expansion plans and the structural changes that novartis has been bringing about. we will talk about their growth products and their deal with google. you can follow me on twitter. stay with us. ♪ >> russian rout. drop in moscow is the u.s. and europe rank up sanct

mcdermott: mr. speaker, h.r. 4935, the child tax credit improvement act of 2014, the are offering a bill that claims to help families. but actually does great harm to low income families with children. it's really quite a surprising piece of legislation, actually. because it's a backdoor pay increase for congressmen and congresswomen who have children. now, we don't give ourselves any kind of cost of living increase, but this is a backdoor pay increase put forward by the republicans. under this bill couples making etween $150,000 and $205,000 would be newly eligible for the child tax credit. so that's all of us, folks. thank the republicans for this. this bill does not, however, make permanent a key provision made to the law in 2009 that's set to expire in 2017. this improvement expanded the refundable portion of the tax credit for millions of hardworking, low income americans. under 4935, families making minimum wage would lose a portion of their tax credit in 2018. this means that a single mother in south lake union in seattle working full time, making $14,500 a year, struggling to support two chi