. >>> it's back in the black with bnp paribas. the cfo tells cnbc he believes the stress tests were credible. >> i think it's really a hotel exercise that can help with overweighted european banks. it leaves bnp paribas well capitalized. >> never say never. novatny says in an exclusive interview he does not think qe should be on the table now, but leaves his options open. >> you should never say never. i do not fear this perspective. display you're watching "worldwide exchange," bringing you business news from around the globe. >>> and on this friday morning, let's take a look at u.s. futures. it was a strong performance for u.s. markets yesterday thanks to visa, which helped power the dow putting tin decks within 155 points of a record high. talk about a come back. the dow trading higher in premarket trade. the s&p 500 trading back above 2000 in premarket. it will be interesting to see how markets close the month of october. european markets sharply higher, as well, ahead of key inflation daddy we will get in about one hour's tim

bnp paribas is also planning to hundred million euros to improve compliance.old me the situation does not prevent bnp paribas from making acquisitions, but that larger acquisitions might be complicated because of regulators who don't want to see very large banks. >> caroline, great work. thank you very much for joining us this morning. as we had to break, let's check on another bank that had a pretty tough week. nco deione other than ba monte paschi. up next, we will talk russia. the russian central-bank releases its ratings today. details from moscow next. ♪ >> welcome back. i'm jonathan ferro. time to talk about russia. the russia-you grain gas stand -- russia-ukraine gas standoff is over for now. russia returns to natural gas exports to ukraine. russian rebels stepped up attacks on kiev. more details from moscow. henry, at least we got a little bit of an agreement on this gas issue. >> yes, that's right. it has taken many weeks to reach it, but a major breakthrough. it looks as though this deal will stick until the end of march and it averts the threat of a

caroline connan on the latest with bnp paribas. on terms forreed storing natural gas exports to ukraine. this and a standoff that could have left ukraine facing heating shortages over the winter. joining us now from moscow with the details. is there a risk of this gas deal breaking down? >> it looks pretty firm. it has taken so long to get where we are today. of the science have an interest in it breaking down. there were some difficult compromises and i think you will find that this deal will stick. >> what side made the most concessions to get these negotiations through? i would say it was fairly evenly spread. the russians have agreed to restart supplies after getting payment of only $3 million for past debts. they have said they were owed $5 billion. that is still subject to arbitration in stockholm. that had been a sticking point. have agreedrainians to the russian terms. the price is a little bit below the $385 at the russians were seeking. the eu has had to take on some responsibility by acting as a guarantor, and a sense, o

bnp paribas had a ratio well above 10%. and when applied with the ad verse economics, they remain near 9% which really is a good level considering the minimum requested level of 5.5%. and i don't think anyone in france was expecting any of the large banks to fail. and i should say, steve, it's quite good news that everyone in europe is pointing the finger at france for doing their homework, and that's reforming enough, the economy. >> thank you very much for that. when we consider what has been thrown at the southern european financial systems and economies, interesting to see the reaction this year, not just today, of the spanish and portuguese banks. the last time i rushed down to lisbon it was not the government crisis but this extraordinary story with bes, the ownership structure. we just didn't know what was going on. we pulled out the spanish names rallying again. i would suggest a lot of the good news is potential will any the prices. well, what do you think, for instance, over the last 12 months that sandovell has d

it basically leaves bnp paribas well capitalized. >> we've got them losing their fizz. volumes fall across the u.s., europe and asia forcing the drink giant to miss expectations in the third quarter. so markets looking slightly 1% higher. there are some exceptions, standard chartered, but they've had a dreadful five-year performance. standard chartered is trading higher, but shares remain on five-year lows. they're about following news, u.s. authorities have reopened an investigation into whether the bank broke sanctions against iran. the probe ames to understand out if the banks withheld information when reaching settlements with the u.s. justice department and new york department financial services two years ago. it follows on from a third profit warning for the lender, which also weighed on shares this week. after last week's initial release, the bank didn't elaborate on what the provisions were for. speaking to carolin last week, the cfo said he did not see any -- from the ongoing manipulation probe. >> obviously, the foreign exchange investigations have been going

manishi raychaudhuri, thank you for joining us, from bnp paribas.do prepares to get sworn in later today. all of the fx headlines right after this short break. stay there. ♪ >> it is monday, october 20 and these are your fx headlines. japan's 1.2anges to trillion dollar retirement fund. the nikkei newspaper claims a government pension fund will boost its target for foreign debt and stocks to a combined 30% up from 22%. outflows, inflows, and also levels and currency. investors keeping a close eye this week as indonesia inaugurates of their new president, joko widodo, today. investors are pushing back against higher u.s. interest rates. the euro is down sharply from 1.274 due to comments from the vice president of the european central bank who is skeptical of bonde purchase purchases. the charts this monday morning bright and early, dollar-young and also breaking news that obuchi has designed from the cabinet minister of trade within the last half hour. priceis is the current that the yen is out. i can also show you the indonesian rupee. , a 1%e new

liz: we will show you what bnp paribas north american ceo had to say about the u.s. economy.he is saying about their e puts his money. we'll find out next. >> hi, everybody, i'm gerri willis. coming up at the top of the hour a special "willis report" investigation, voter fraud. we're a few minutes away from the midterms election. cases of voter fraud keep piling up. will it affect the outcome next tuesday. that is one of the big stories coming up in the "willis report" just a few minutes away. ♪ my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i lo

there was a lot of chicken little talk and when the justice department charged credit suisse and bnp paribas pleas, the company did not go out of business and stocks continue to trade. >> i don't know who was talking about chicken little other than his boss eric holder. no one who represent banks of the sky was going to fall. what we have here is a situation where -- it is a bit like corleone justice. making you an offer they cannot refuse. on the one hand they are too big to fail so we are afraid to prosecute, but on the other hand, they say they are not too big to fail so we will prosecute. they need to get their stories straight. they have been trying continuously, for over six years .ow, to jail them the notion that they have been twiddling their thumbs worrying about what will happen to the to figure after the banks, is just didn't u.s.. tactics,k about your which is concerning from a civil liberties perspective. you leaked the fact that you will prosecute a bank. get the media going, get you and i on here to talk about it. then there will be a leak down the road about who the specific

you had bank of america and bnp paribas and a number of banks pointing to $80 as a level where we would causing a it is psychological level that is hard to break. other than that, there has not been any new information in the markets, so we have to see what opec does. they set the whole thing off. the next round of data that we get from opec, we could see, are they going to start cutting, are they going to let it go? >> at the same time, goldman over the long-term is bearish and says you could see oversupply in part because of technologies that are out there. of course, all of the shale oil we have seen here in the u.s. the longer term still be bearish here. >> that is right. in the big picture, there is still a lot of new sources of supply including u.s. shale. demand is pretty weak. the iaea has been cutting their forecast this year. the developed world is getting more efficient, china is not growing as fast as it was. you still have a backdrop of quickly expanding supply and not quickly expanding. >> how is the drop in oil prices affecting the dynamic of getting oil out of the ground