what are the options this morning for the lawyers and bnp?oices do they have before we go to the alleged criminal charges in a number of days or weeks? >> you guys have alluded to this earlier. they would be seeking a naughty and's in washington. which is what has happened in all of these other cases. try to sit down and convince inm that there is no utility actually bringing a criminal tremendous will be collateral damage at these institutions were forced to be shut down. we are open to discussing a reasonable fine. we are open to putting in compliance measures to make sure that this type of conduct does not happen. prosecutorsderal straddle the tension between and the charges politics of sovereign countries can involved? >> i was watching you guys talking about this and i saw your points. you guys are right. this transcends on some level just the idea of street criminal prosecution. as you said, could go to the white house level. internationale relationship between countries. that is a factor. the lawyers really have to emphasize that in th

. >>> bnp paribas. prosecutors plan to file charges for allegedly doing business with sanctions countries. >>> spain exits deflation, the country also posts its strongest quarter growth in three years. the key inflation figure for the eurozone as a whole due in one hour. >>> plus, brace for impact. we're joined on the show by dr. doom himself, mark farber who says equities are facing a crash this year that could be worse than what we saw in 2008. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >>> hello, a warm welcome to the program. mark farber is with us on set. we'll be getting to him fairly shortly. first, alstom shares are soaring higher as they open for their first day of trade since monday. the firm says it is considering a $17 billion effort from general electric for its power unit that includes $13.5 billion in enterprise value and $3.5 billion in cash. alstom will make a decision by may. it all comes as rival siemens says it needs a month to prepare

not gonna get my kids to the latest trading on wall street yesterday and chaired by u s economist at bnp party night in new york has the details. us stocks fell for that but i'm being a role in every sophomore. i'll fully even as the debate is dropping two years as technology and consumer shares extended last week's flight was then and again the dow jones industrial index fell one percentage point the nasdaq composite index of technology stocks saw a significant decline in the concert and allegations on the wealth best performing industry have advanced too far. not with the rules now running me and the trends and the end of last year and the unemployment rate holding steady at six point seven percent. i'll mark is focused not going to yell and clean bull market. this boy with the assault on a possible shift in future fed policy add the march employment report was broadly in taking people's future improvement however a living part time employment and some dude on wage growth continued to indicate that substantial black remains in the labor market. the sec has ample room to brasil accommod

you have bnp paribas, which is beaten expectations.tion issues that they have got. $1.8 billion they have set aside. they could far exceed that. we have the shell numbers out today. looking a little better there. a little improvement therefore shell. ' numbers are slightly better. central banks look like they will continue to reign it in. they are expected to taper tonight. is there enough momentum to push equity markets beyond their recent highs. it's failed on several occasions to push toward highs. regularly throughout this year that it seems to have lost momentum. the momentum behind equities has stalled somewhat. haveoking ahead to glaxo, the earnings been overshadowed by the multilayered drug deal week?t's announced last >> that was a huge deal by any made -- by any measure. the sector is going through some pretty seismic changes. the deal that glaxo made with novartis will be a focus. that shift away from pharma to other areas is very important. >> thank you very much. that sets us up very nicely for our glaxo numbers. that will

overt suisse investigated whether it helped american evade taxes. -- bnp paribas. energizer holdings is splitting up into two publicly traded companies. one the unit will include household products. the other will be energizers personal-care business among products will be sure crater's -- razors and hawaiian tropic sunscreen. the biggest utility deal in north america best year. agreeing to buy pepsico holdings for 14 billion -- 6.8 billion in cash. the utilityrates that serves the washington, d.c., area. i want to emphasize the word nuclear is not nuclear. definitely not nuclear. >> going to accompany story we have been following. twitter, a puzzle for you. posted first-quarter results that beat estimates on the top and bottom line. investors shrugging it off. focusing on slowing user growth and punishing the stock. down almost 12% right now at 37 point 58. bringing in an analyst at kelsey -- chelsea advisory group. 25% from 30%. still incredibly robust. is it therapy people to extrapolate this will mean 20% this quarter in 10% by the end of the year? >> using lin

profit jumped by five percent at bnp paribas.beat analyst expectations. >> we spoke with the chief financial officer. consider this a solid result. it is up five percent versus last year. on the back of progressing topline retail and investment solutions and in brazilians. resilience. cost of risk is somewhat impacted by a provision we took out a precaution for the uncertainty in eastern europe. all of that leads to 1.7 billion. resultider it a solid and it gives us comfort in further implementation of our development plan. >> even though your presence in russia is not as big as your rivals, do you believe there is a risk of a domino affect following the sanctions against russia? >> we took a collective provision for the uncertainty which is not identifiable. i do not think there is a domino affect. we will have to keep monitoring the situation. >> do you believe there is a sovereign debt risk in europe? >> if we look at how things have evolved, i think that problem is probably one of the best and has been addressed in the approp

if bnp pled guilty, they would be more likely to freeze its abilities to clear transactions in dollars for a time which would be a tough blow for doing business in new york and in the u.s. in general, than to revoke its banks charter which could have a worse impact than the dollar-clearing issue. >> is there any irony here that both of the banks are non-u.s. banks? is that an accident? >> there's absolutely a lot of irony, tyler. i'm not making light of issues, money laundering for rogue nations many people consider to be tantamount to terrorisms and the tax shelters has been out there for a number of years. not meat light of them, but they're not u.s. domicile banks and there continues to be a lack of indictments of either individuals or banks especially connected to the housing crisis. the justice department has engaged in settlement talks. so there have been consequences, but this fear of corporate indictments, the recent example is really s.a.c., the hedge fund which is operating as family office, with only slightly diminished capabilities, so i think there's a feeling especially i

current premium popcorn june he is charged with rebuilding the noise the economy the president and the bnp and on a trip to cannes. jump on the executable is one of our plot include term from ten class defender. some north korea that they had speculated in the dmv some kind of leadership in the fridge for a family meeting. the road to the japanese abducted by north korea has appealed to the united nations to help bring their family members called the mount is met in tokyo with my dinky di this month the un special reporter wrap or two on the human rights situation in north korea. money has compiled a report condemning the north and actions of foreign nationals. it caused and crimes against humanity under international law. nice month says he plans to reporting that the un human rights council meeting in june about human rights abuses in the country. commitment. this is the only result. we wanted to foster community to walk our shoulder we can see the sign of a solution to the program. the danger and that minister in charge of the abduction is she mad sit down in his mind. a deeply and said

and bnp paribas, the french bank that seemed to have traded with countries tharp on a u.s.lack list. so banks still very much a story for us. back to you. >> all right, geoff. thank you, sir. >>> the big news that "star wars" fans are reroycing over. now announcing its cast for episode 7. it includes actors harrison ford, carrie fisher and mark hamill among others. if you look closely in the right behind j.j. abrams, you can see r2d2 in a box. who are your favorite "star wars" characters. create your creative answers using the #way too early. i know my mother is saying she saved my millennium falcon for years. and boy, didn't that pay off? yes, it did. >>> still ahead on "way too early," plenty of off-court distractions for the l.a. clippers. so how will it impact their performance on the court? we've got highlights and reaction coming up next. >>> you put a monkey on live tv and it's magic, right? well, we're going to show you what happened on break day houston. we never say work with kids or live animals on live tv. that story and more when "way too early" comes right bac

the former chief of international life insurance companies or the fact is that topshop is the main bnp could find to each of the countries and people get graphic occasion. the constables hundred and fifty employees and contractors on components a problem for mania and fifty two with four thirty and woke up and put a condom factory for the beginning but i was young was one of romania's flagship industrial factory that has to go for it today the european group that competes with global johnson he did it go. walter cost is one common theme to grant yet begun to be helping renovate it. through. what we are over we decided to invest a great deal when it with this labor force we can be slightly more competitive. apple says having the opportunity to work in many other different productive and make it to be was suppose to get factor is the feast and i'm convinced the beginning that the guy this crude exports. fifty countries will lead to the romanian law. the money from his companions us. for a new piano teacher who really came from. only function of the remaining national income streams anyth

if you think of some of the bnp asking them to get the i

if you think of some of the bnp asking them to concede. i'm betting that the flexibility

fonda to upgrade tech shares to a buy on the expectation of increased trading revenue according to bnp each tx is daily average turnover could rise as much as nineteen percent. it may not investors use up the entire daily quota of ten point five billion yuan in cross border announcement is good news with hp acts which has been facing challenges like dwindling new listings from chinese companies and rising costs on the etf shares are some twelve percent today and were the best performers on the hand saying by a mile and that's the latest round hong kong back to you that much surprising phone call to japan now a terrible exciting day to read about the terrible trading week the nikkei tumbled two point four percent to thirteen thousand nine hundred and sixty closing below the fourteen thousand mark for the first time a call to get them up the sentiment was underlined by the yen's rise and have been on heavy doses of wall street for the week the nikkei fell as much seven point three percent export a straight role in iraq as the men rose to one hundred and one point six the us dollae logo i

the european union to ukraine and unconvincing at his meeting with business cycles according to the bnp that free trade zones will be operating under the same principles as the european market is open in the ukraine now the ukraine introduced us to obtain an opportunity to think that i get half the garlic is on the european market and ukrainian market with the trade your open for european hits sydney to compete. the pontiff ukraine chicken decision on establishment topics that astonishing new crank two hundred and forty three amp's bogota respected decision the new publix and is broadcasting company bovis homes on the basis of the press national tv channel called today to channel the top national media and regional broadcasting companies including the crying and creativity of the company within one a talk by the supervisory board consisting of thirteen members one from each deputy faction and the associations below is called the relevant to understanding uk government when the ancient eight am going to teach him to play tennis and regional contest the state budget which had thirty six m

so what happened to the vienna talks like a missile over japan in the bnp election the opposition. they are repeating lecturer felt that will mold of what the condition that they can to make an initial potential but that they come in the intake drink and then that they can take to make the bible to teach them how they're made up of joy. at the end of the people to cook briefly. lol the power of the charges didn't help that the deal will focus on that occasion of helping ask if they'd seen the legal white porch with a goal to complete they're making these the main. the couple that so is increasing with a reason and one and his feet leaving the country and his crack down on the internet corruption claims. wouldn't it be said about how the right to it. no permanent won the election. adding to the right page. taking the political temperature before any kind. the analysis france's new prime minister manuel ball has taken office promising a complete shake up at the top prize is expected to name a new government on wednesday with the changes anticipated including the finance ministry. her

the utility break it to take the weakest team speaking tv other than coffee bnp was a member of the policy. trouble is that he hurt me. according to law schools come from tape to separate its about a week again in a local government building demonic they take down the flags and beach. he was an objection can be viewed since until his body becomes a love one another but each which they promise not to be identified of course it doesn't help him prepare the tv and see the comment it's always said we are heating up. other incidents a possible kidnapping of an incomplete chiefly light candles say reports of an american tennis he's being taken in a telethon and the swells this technique pretense bt progress it needs adult sentences. we are cities that today the city of ponce where a one time separatists military commander has been named the people's governor what to tell us about that it takes to peek into what we've seen in saudi i can help let it dictate the tv pressure pradesh affected if the banks documentary confident they are doing that and think out there and take faith decided on there a

the ceo of air bnp. >> and i kept telling students to go be like them, and i felt a bit disingenuoushat i was not going myself. so why not, i thought. >> what is it you're helping the company do? you are also sourcing investments. >> it is really strategic value design in company formation, company mission, and incubation. how to get design as early in the process as possible. it is something i'm lucky to get the chance to look at very closely. >> we have been talking about companies reporting earnings. what are some established companies that you think are designed well? know thatmportant to doing design well is not something that you get good at suddenly. if you do it for a long time, things work out well. people say apple's design is great. you have to remember that they have been added for 30 years -- at it for 30 years. >> they have always been a design company. >> they have always been design first. >> do you think that apple is the gold standard still? >> i think apple is one of the standards. i see ibm coming back. they began in the 60's and they had to revise it. i have gott

joining us now is the global head of equity derivatives strategy at bnp paribas. talk to us about your main concerns. we talk about a china slowdown. we talk about what janet yellen is going to do. , we aren escalation nearing a possible escalation between ukraine and russia. -- we have seen fairly significant retracement and eastern european sensitive sectors like financials. the potential risk of deflation is not being priced into markets. >> what is being priced into markets? a lot of concerns we have do not seem to be filtering through. are you expecting a correction? both qe is necessary in europe and it will occur without the markets forcing the ecb's hand. have not rallied as much as we thought this year. that suggest the market is expecting the ecb to do too little too late. you have inflation in europe that is below 2011 levels. inflation in the u.s. that is at 2011 levels. the market is not retracing like it did a couple of years ago. we do expect there will be central banking push back. we think it will come before the markets gets nervous about the inf

the bnp is a lot to me secondary. we're talking about our military. the man of the car to the alternate patriotic machine i cannot priority. no they don't believe that it was. how the do they expect the american people to do tonight. talk about that. but at the rest i was and knew when. eye welcome to use line is that their stay in corporate and capital and she and her camp officials with the japan me to logically agencies say tsunami waves have reached and the japanese scholars the beam on reaching the shores since an earthquake of magnitude eight point two struck on tuesday on chile the issue to tsunami advisory for areas south and down japan's pacific islands agency officials there tsunami of forty seven meters was seen in the north eastern t

how to account for air bnp income.ublet iny the same craigslist might have gone unnoticed. it's not for a $10 billion valuation. >> a relatively high percentage are freelancers who thought of this as income. they can use this as a source of income. >> that is a big problem. >> it is curious that this is trying to legitimize itself. they are trying to get the taxes. >> americans have the easter bunny. that is what americans will be celebrating. now a russian businessman wants to the easter turkey. they are trying to get them to eat a distinctly north american food that many russians were unfamiliar with. they sell bag turkeys stamped. to the this goes back idea that russia actually imports a lot of its meat. he will shoot 2.8 million birds. the benefit of having a state-run bank. the banks thought this was a dumb idea. state-run bank said, here is a billion rubles. we like the idea of having better food supplies here. >> the decline of the ruble has hit his business pretty hard. he has to get the feed right. be announce

. >> will you ever be adding bnp -- andom an air airbnb or a home away? have been increasing our portfolio of accommodations. last year, we went from 290,000 to over 400,000 properties on the booking.com site. we are going to continue to look at that. aipanies like home away and rbnb work on things that are in not even legal. we're looking at any kind of legitimate form of accommodation to add to our website in the future. the parent company of travelocity is coming up, how do you view them as a competitor? >> i think sabr operates in its theirace now that most of bookings get done by the expedia group. it is not high on my radar. we have good relationships there. i spoke mostly on things we could control which our execution and operational discipline that we need every day to continue the success we have had is a group. >> acquisitions are not something you can control. you bought kayak for 1.8 alien dollars. what kind of acquisitions are you looking for? has madeiceline group some amazing acquisitions over the years. is probably the most successful acqu

bnp paribas beat estimate analysts.hief financial officer spoke to bloomberg about the impact of rising tensions in russia and ukraine. we took a collective position for the uncertainty. i do not think there is a snowball effect but we will have to keep monitoring the situation. >> another company we are watching is daimler. ofis the third-largest maker luxury vehicles that reported a 95% surge in first-quarter profits. demand, models such as mercedes-benz cla. hans nichols, a man who knows a thing or two about luxury, cars, german cars. 95%, that is a cracking first quarter lift, isn't it? >> it has that new car smell which i know you know. you always go to show rims and try out all these cars. you never drive off the lot with one but i know you like your cars. is important that because the margins are so high on that s class. great numbers, a 15% surge in deliveries. you compare that with their competitors. let's do the geeky numbers. $1.79 billion. estimates were for $1.71 billion. about 80 million euros higher. reve

merchants bank, among those in the financial space advancing good galaxy entertainment, down, however, bnp paribas out with a report saying, some gaming stocks will likely be the biggest beneficiaries of this liberalization of cross-border flows between hong kong and shanghai. it doesn't look like it today, but that is just one day. >> true enough. it's also a day where we are focused on the euro. we have comments from the head of the european central bank. have that had any impact on sentiment today? >> let's take a look at what the euro is doing right now. the euro is modestly lower, a quarter of 1%. mario draghi, speaking in washington friday at the imf -- therday, rather -- saying european central bank would likely need to come in with additional monetary stimulus, and it could be in an unconventional form to deal with the appreciation. last week, we saw again for the euro. it appreciated 16% versus the dollar over the past year. if you look at the weekly basis, the strongest weekly advance for the single currency since september, prompting the ecb into further action. >> coming up, sw

all three counties i mean the two main parts the bnp as income flows right and true less. the wording of the national front who now heads his own life and i'm a pensioner from any thoughts right instrument may mitigate its email may have the results and they draw the wrong conclusion. yes the occasion. reshuffling of the cantina. and oh so bad thinking that perhaps the non demanding a freeze base so he has to double down on the spot kicks. the right's answer to the extent we will ride if the panthers. if the nation and communities who never get it on the thing that they have danced in the dying and then we knew better than us. what's with the theme and this is the one that is the tragedy of this country. so in the last thing on my studies. neither extreme youth nor is it right between the team. my god intends his mark on the left and then some subsidies and economic issues and that's terrible. and speaking at the company seemed to say he's concerned the antiwar crowd which is the auction ended his government. and we choose either way. justice just as well. it is here to st

ladder at the slide in shooting script that they can eat at the top was not without except that the bnp system of the old man's donated the trophy with a healthy self esteem not to wonder am i capable of reaching for tonight when other people leave for sweden during the easter him to come his teacher the cow. can i do it. forty nine percent of women ask themselves this question. compared to only thirty five percent of men for many women at work and family is juggling act and the challenge to keep all the bulls in the air has the scoop one doing the balancing the two wells it is indeed possible. total spending to hold you back now yes my baby still young it seeks out of ten women see the cubbies will be the knights to their obligation to claim the same please adopt accommodating enough to women with families your attention to the number of days to see chris into black and no results have been listening beatific ninety two was officially opened this fall when they have done so. the women of this book about the excavations. just fifty five to sixty count down conditions compared to sixty p

and state prosecutors are said to be weighing criminal charges against credit suisse and bnp paribas.u.s. criminal probe since 2011 about whether it helped americans evade taxes. is underas investigation for possible sanctions violations. breaking previous practice of reaching settlements that are critical to the financial system. becausepretty unusual there is a concern that if there are criminal charges, they are going to be really onerous on these companies. are concerns about collateral damage to other employees of the bank that weren't rectally involved with these alleged practices. >> one of 14 swiss banks under investigation. this is just the beginning. it's also funny that they go after the foreign banks. get good pr that anybody domestically getting out >> if they did enough would cause a major international incident. you could probably get your swiss bank secrecy back. >> the swiss have been so u.s. and german tax authorities. maybe they won't if we turn them around and punch them in the face. it has a much bigger impact on that country's economy. >> they won't seriously inj

this young girls fund at 5:00 in the morning naked and near- bnp month came claiming the ship and pepperhat she had been raped or robbed in kidnapped. she went to highland hospital she is now back, with their family the story has changed just a little bit the rep the last past 24 hours. the get more information on for today why will be back with another live report at 6. were getting closer to the weekend work and have a weather update coming up from jacqueline on the break. ♪ ♪ thank you! thank you! dedicated bankers born to go the extra mile. you've been such a big help. it's what i like to do. so you can choose a bank where helping people comes first. chase. so you can. for $175 dollars a month? so our business can be on at&t's network yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues& great terms& let's close. our best ever value plans for business just got even better. now with free br

. >>> joining us now, the chief economist at bnp paribas. julia, always a pleasure to see you. this week, are we going to start seeing a soaring of the snow-affected data? >> yes. i think we are going to see some spring rebound. you mentioned the ism manufacturing this morning. we're looking for a rebound there. it's not going to on be an overshoot. we're not making up for lost time in part because we're working off inventories for a while. the auto sector is one sector where there's excess inventories that are probably going to take a few months to work off. but yes, i think we are going to start to see spring in the numbers throughout this week, including the employment report on friday. >> what do you think about that? 200,000? >> yeah. we're at 210,000, a little above trend, but it looks like it's overdue given some of the other market indicators, jobless claims, some of the consumer surveys suggesting that the labor market is just fine and some of the weakness was either statistical noise or weather. one key detail of the employment report will be wage growth. that moved i

senior oil strategist at bnp paribas, how do these talks feed into that?> i think some geopolitical -- come out of oil price around ukraine. i think the disruption to oil supplies that will take place in the ukrainian crisis and on the basis that we're dependent on russian oil. in terms of the latest news around iran and a potential deal with russia, clearly, the sanctions that are currently in place by the u.s., they will continue for some time. there are some restrictions in terms of sanctions. but how committed is it? i think maply exports are for the likes of china and india and those are the critical allies that need support or step in in support of the european sanctions and the u.s. sanctions. russian sanctions are less and, therefore, should have a very limited impact. and the oil price, bear in mind that saudi arabia can adjust their production on the basis of production that might come from ubs or iran. >> you mentioned ubo. we've seen brent drop more than $3 this week. how much is that on prospects that maybe libya and supply might come back aft

what is the forecast at bnp? >> we think they'll start hiking rates in q1 2015. they were seeing growth pickup in the uk. inflation is benign as we saw in the release this week. that means there won't be too much of a rush for the bank of england to be hiking into rate hikes this year. >> thank you for that. good news for a man with a tracker mortgage. you probably paid yours off a long time ago. >>> european equities are a little bit firmer today as we go through the session. and we pull that up for you. maybe we can do that. thank you. up 0.4% for the ftse, nearly a point higher for the xetra dax and the cac current. gilt yields should be higher. there you go. ten-year bunt yields are down. we need a euro/sterling chart, the one that michael was saying you should be selling. selling the euro against the pound. dollar/yen. the aussie posting its losses, after the chinese gdp number. >>> so the pressure might be coming off the uk consumer but is it going to help out tesco? david gray, retail analyst at planet retail. helia is still with us as well. david, good mo

and the french bank bnp paribas is being probed for working with those on a black list. >> and police say a gunman 19-year-old, had several home made explosives. a family friend said cramer often joked about carrying out a shooting at work. >> and it is now 7:19. ahead we're going to look at headlines from around the globe. plus you saw it right here the 4-year-old girl saved by her neighbor after a tornado's fury. >>> this likely to be the hottest day of the week. it's going to be gorgeous all the way to the coastline temperatures even at the beaches, what a nice day at ocean beach, nice and clear. a rot of 70s there by the afternoon. -- a lot of 70s there by afternoon. but getting hot in spots especially inland. up in the 80 even some mid- 90 so about 93 in livermore. 92 in san jose. 86 in oakland. about 77 degrees on the beach in pacifica. slightly cooler for tomorrow. but hot. then it looks like we'll cool down big time over the weekend. >>> this national weather report sponsored by big lots, go big and go home. >>> the $100 million battle for president obama's legacy. >> ahead wh

again, in bnp's case, it seals like an open and shut case in that they were transfering money to companiesan a crime. we have sanctions. it's an illegal thing. they did it anyway. therefore, the question becomes, if are you the regulator, what do you do? how do you approach it? what should be the answer to all of this? >> oh, i would say maybe the u.s. attorney's office is saying these things to get a good resolution of the problem without it going to court and without it having to do that. or doing the criminal part in a way that it doesn't really affect broad based the business. they're also talking about a foreign institution that doesn't do all the businesses in the united states. >> is this the same as you were talking about in our last secment, which is this idea, i don't know if you put prosecutors in the regulatory. you are too overzealous maybe, i'm trying to. >> i wouldn't put a prosecutor in the same position as a regulator. you know, i think you get to meet a prosecutor when people think you did something wrong. the regulators should be working with a company in that position.