prosecutors considering charges against credit suisse and bnp paribas according to people familiar with the situation. credit suisse big investigated over whether it helped americans as a taxes. prosecutors trying to figure out whether bnp broke the law by doing business with iran, cuba, sudan, countries we have sanctions with. >> these are criminal. >> it could result in the first guilty plea from a major bank in 20 years. >> these are two different cases. credit suisse is about moving american money. you did that? >> i might have tried in a previous life. it is individual versus sufferance. that is the -- it is individual versus sovereigns. that is why the bnp paribas issue is concerning, you are helping sovereigns move money across borders. >> and "the new york times," there is the idea of a, do they go after the bank criminally, do they go after a subsidiary criminally? banks in europe respond? we will talk about that. >> we have seen shares plunge. the banks say they have not set enough money to cover whatever financial penalty they might have to pay. we will cover this and will be

. >>> 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

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

. -- 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 linkedin as a comparison. they had the celebration member growth until rec

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

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

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

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, swinging i

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

. >>> 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

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