the california cable caroline is shut down. we talked to the driver briefly -- cable car is shut down. we talked to the driver briefly but he's spent most of the time talking to the police about what happened. so right now this is all we know. the investigation continues and certainly cal osha will be on the scene to figure out what happened to cause that fall. >> linda we're glad the driver is okay and it's amazing to -- and it's amazing to see these pictures and look at this mangled car and realize someone survived. are the officials giving you any idea how a person can survive a fall like that? >> you would think by just the impact of falling 11 stories on to a steal car would kill them, but he said he was still alive. one of the eyewitnesss we heard him say he was gasping for air. the officer told me somehow falling on the car softened the impact instead of falling straight on to the concrete. we'll have to see what injuries he suffered and whether he is survive those injuries. >> in an odd kind of wear, the car kind of cus

. >> and i'm carolin roth. these are your headlines around the world. >> republicans win big in the midterm elections, taking full control of congress for the final two years of president obama's term in office. >>> a spark in early rally, europe retail leads the way into the green marking interim results despite sales being hit by hot weather. >>> a weak yen and strong sales in the u.s. as the world's large ft carmaker posts a profit rise of 11% in the quarter. >> pimco out from a splash of total reach of record $27 billion in the month of october. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> and weir just getting the eurozone composite pmi data come in at 52.1 for the composite number. that's 52.0 in september. we're also looking out for the services number. >> and that is 52.3 versus the forecast of 52.4 in the month of october. so just shy of expectations, but not a huge move, obviously. and we also had a pretty big fall in the euro, didn't we, at

done, caroline. have a good day at that conference. caroline hyde. to beijing now. gathering for the annual apec summit. a lot more at stake than the health of asian economies. it might determine political stability in the region for years to come here to stephen engle is at the summit. what is the latest? >> so much happening here on the final day of the ceo summit of the apec gathering. the leader summit happens tomorrow. president arriving this morning in beijing. he has had meetings with the new president of indonesia and shinzo abe of japan. of course, the big one, which i will talk about later on, with xi jinpeng meeting shinzo abe of japan. earlier this afternoon, we heard , speakingmir putin about the state of the russian economy and the ruble outflows. he said the ruble situation is not due to fundamental economic factors. he said the ruble weakness is speculative and will end. he said the central bank has no intention of imposing capital controls. he said energy payments in yuan and ruble will help limit the dollars clout. heardr things we have from the ru

tonight, we will talk to tom petri and caroline mccarthy. e was first elected in 1978. congresswoman mccarthy has served 10 years of her own. saying current leaders need to know when it's time to move on. ere's part of her remarks. >> we have a lot of talented younger members. pelosi just by the way did. she's really good at raising money. i was never good at that. they have to start training younger people and bringing younger people into the caucus to become hopefully the future leaders. one of the things they dernsi believe with all my heart and soul, you to know when to leave. nancy doesn't feel that this is the time to leave. many thought she might stay for this common year. but when i look around is anybody really ready to relace that. and i give hear lot of credit for what she's been able to do. but i think it's fine that the leaders, you know, stop looking at who's going to fill my spot. we're all replaceable. there might be some bumps on the road but i do always believe that young every people can take our spot with fresh ideas and new ways of doing things. i s

you would not go back to caroline, not for any reason! >> rick: that's what i thought, too. >> maya: rick! tell me that this isn't happening! tell me i'm wrong, that i misunderstood! >> rick: my dad, he gave me an

caroline spoke to sergio last week.it's like we are in the endgame in putting quantum's around the foreign exchange. we are getting into the very near endgame because it is coming out with technical provisions. citigroup, you mentioned that they had made the provision and adjusted the third-quarter numbers. there is no irony lost. actually -- globally, $41 billion for foreign exchange. 24 billion dollars of those penalties will go towards the united states authorities and then you have europe and the u.k.. when it comes who is the player in the foreign exchange market -- it is about $5.3 billion today -- $5.3 trillion today. deutsche bank probably will be the most impacted in terms of 5 billion euros. they have 16% of the market. barclays comes in behind it. ubs comes in after that. how did it get to these numbers? they look at how aggressive the penalties have been. k, there is more aggressive than we thought, less aggressive on that 1 -- put it all together and you come up with these numbers. >> it is the size of the

. >> i'm carolin roth. these are your headlines from around the world. >> ifo is expected to announce imminently it will keep the 2020 c cup. >> the u.n. accuses moscow of fueling the war in eastern ukraine. >> inflation looms over europe as prices fall further. this as jack lew -- >> shares of cisco come under pressure as emerging markets weigh on the company's earnings and outlook. >> announcer: you're watching "worldwide exchange," bringing you business new from around the globe. >> hi, everybody. i'm seema mody. coming up on the show, big business of retailers, we find out how american eagle plans to get its claw into the key fashion market here in europe. >>> and sold for $151 million after a record breaking auction, we take a look at some of the world's most expensive pieces of art. >>> and find out why resident necessary cambridge could be hearing a weird buzzing in the air over the coming months. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>

caroline, great to have you here.e was talking about challenges in the run-up to christmas. >> exactly, it is not going to get any easier. the bigthe only one of four players managing to increase market share. it is still seeing like for like shares down 6%. he says the battle continues to rage. he called the last quarter a shock wave to the industry. he said he they got it right to years ago. they cut prices. they have seen copycats since then. you have seen morrison's, sainsbury's as well. he really talks about the tactics being used by the other players. morrison's giving a five pound voucher for fruits and vegetables, he says that is panic tactics. in the long-term, that is not going to win anything. quantitative easing, that is not the long-term strategy. price,etting the right being able to fight against the discounters that are coming in. also, trying to focus on new innovations, trying to draw in the audience. >> what does he think happens next? he talks about the fact that tesco, we are waiting to see what th

caroline, take us through the numbers. like you look at like for growth of sales for l'oreal, it 2.3% growth compared to two .8% in terms of estimates. it is much slower than estimates. what is more worrying is they .re lowering the forecast they are expecting it to grow by only 3%. that would be the slowest pace since the financial crisis of 2009. that is the second time they are actually lowering the forecast in two months. originally they are expecting as much as 4% growth. in terms of the consumers unit, l'oreal is not alone because if you look at one of the big competitors in consumer products reportednilever also the slowest pace of sales growth in the third quarter they had seen in five years due to a sharp drop in china, and if you look at the lecture a unit you had a slowdown in asia. now the luxury unit includes brands such as len coleman -- giorgio armani. it is missing estimates this quarter. >> i am looking at the share prices. it is down. the question is whether investors should be concerned about the company

>> caroline: is it rick? >> ridge: yeah.

let's head to caroline hyde.reaking out in stores but in the safety of the online business. >> i am protecting myself while police are being called out to various it's coast across the k. because scuffles are -- c.e.o.s across the u.k. because of scuffles. taylor swift was rocking this earlier this week. currently we are seag peace inside. it is going crazy. they have 20% off. it is the biggest fashion online only retailer in the u.k. you have some surges going on online as people as far as asia, australia, america, in europe, across europe, are buying online in a frenzied fashion trying to get hold of all of these deals. when you span this out to the u.k. in general, francine, to give you a sense of scale, how people are grabbing hold of black friday with both hands, 1.5 billion pounds being spent. one million every minute being spent. a second just went. 17,000 was just spent online and offline in the u.k.. we are seriously adopting black friday. >> it wasn't me. i didn't buy anything it is a great little numbe

caroline hyde. >> certainly in the u.k. as well and i can tell you that tesco, they are already seeing police pulled in, riots in the stores. export that united states has cracked, halloween they did very well and now they have exported black friday as well. in london in the u.k. but also london, ontario canada and france. this is truly global. terms ofit down in numbers, the u.k. expecting 1.5 billion pounds to be spence today online and off-line. that is one million pounds every minute. that is 17,000 pounds gone there. gone there. about 9% competitive this time last year but other countries are getting in on the action. the u.k. had it exported in 2010 by amazon but lester did catch and now we are sing that germany is copying, they have black week. ,eals like 40% off a samsung tv friday, ande black even casino their big supermarket chain slashing prices in france and exporting it, taking them down in senegal, vietnam and columbia. this really has gone global. >> it is not just the big businesses you have talked about but

be created by a nationstate to spy on countries. .ere with us is caroline hyde caroline, it has been for quite a while now and we are just hearing about it. >> symantec which is a security provider, we know it for norton antivirus house had found his new malicious software known as en, used in 10 reg different countries since 2008. they say the infections have been on a variety of organizations, initially seen from 2011. and it seemed to be removed. as resurfaced in 2013. >> who has been targeted against the 10 different countries? people? companies? >> it is everyone. it is interesting. no russia and saudi arabia, the two most popular countries being capital. they have more than half of the attacks and those countries. yunnan mexico -- you have mexico evenndia and belgium and austria and pakistan. 10 different countries is where we see it. attackingely individuals and small companies. half of the attacks on their. goesext of the allotment to the telecom companies. 20% of attacks happened there to symantec. they warn those companies to get a hold of the individual data. to rest seems

let's check in with caroline hyde. >> thanks, francine. a very happy thanksgiving to all those in america. we's have a look at just how are doing and european trade. pretty flat at the moment. we are expecting a little bit of hope in the outset of today's trade. speech from mario draghi, ecb president. could he give further indication of stimulus? esterday we had victor constanzio. he said the ecb could consider buying government bonds, expanding into full-blown quantitative easing if needed. weidmann, the german head of the central bank also coming to the floor. he is saying there could be legal challenges if the ecb wants to buy government debt. as we wait for europe to fire up, keep an eye on china. we saw stocks there at a three-year high. loosentepping in to monetary policy, worried about profits in industrial companies which fell by the most in two years. amazing volumes going on in chinese trading. might not mean much to you but it is twice the daily average in volumes that you see traded on the s&p 500. serious volumes over in chin

back to you. >> thank you, caroline hyde. 2. will be that in ♪ >> christmas is bigger than the 25th of december. it is a buildup to christmas and it is really about celebrating and storytelling again. we have created -- ♪ beckham, with romeo who was like a little superstar in him. we have designed a different piece of the different platforms. havewe have done is windows you can interact with and it goes in the stores and online. we are trying to join in with the storytelling. you might see a great outdoor advertising image and data relates back to the window. >> you are also the first british brand to take over the windows of paris. how does it feel to take on the fashion capital of the world? >> it is amazing to be working in paris with such an iconic store. london being the fashion capital of the world -- [laughter] and also -- what is wonderful is the creativity we had as we worked on the windows and the experiences. the puppet making is incredibly beautiful and the way they go about doing that and that is the joy for the fro

. >> and i'm carolin roth. these are your headlines from around the world. >> nowhere but down from oil. wti falls to its lowest level in nearly 2 1/2 years, significantly weighing on european energy stocks. >>> slowing sales on europe. hugo boss falls more than 5% as it kits its profit outlook while revenue growth slumped to the lowest level since 2009. >>> silicone valley is the command network for choice, from terrorists. that's from britain's science chief as he slams u.s. tech company for turning a blind eye to misuse of their services. >>> and u.s. voters head to the polls today with the key midterm elections deciding which party controls congress and whether there will be two more years of political gridlock in washington. >> you're watching "worldwide exchange," bringing you business news from around the globe. >> and we have to kick off with our top story, which is oil today. of course, it's down 27% since it peaked in 2014. >> june and down over 10% since the start of october, down 1.6%, as you can se

caroline hyde catching up with the ceo of oculus.oke by the virtual-reality headset maker for $2 billion in july. let's hear now what they had to say. long-term, we still don't know what the application is. we don't know what market it will be. we do believe it will be centered largely around the power of presence, really believing you are in the space, the physical environment but virtually and very much the space. being able to be in this virtual place with other people that you believe are really right in front of you. the ceo of oculus. caroline will be back with us later. stay tuned because we will be back in dublin. will nearing a deal with sound cloud and we speak to the ceo and cofounder coming up next. ♪ >> time for today's company news. u.k. competition regulators may open an investigation of small and medium-sized businesses. they will announce its decision on an inquiry tomorrow. in july, they said consumers lacked effective options. hsbc, lloyds, and rbs control more than 90% of the market. it's a growth story at alibaba

bedroom.s caroline's lots of furniture overturned.turned furniture at the serpentine gallery in london. it is part of this order and disorder concept that originated in the 1970's. is it art? >> looks like sort of a small child or dogs run around. >> up next, kingfisher results break in the next couple of minutes. we will monitor the situation in ferguson. bloomberg news is on the ground. stay with us. ♪ protest returns to the street of ferguson, but surrey. a grand jury decides not to charge a police officer for the killing of an unarmed teenager. >> the european central bank will not be hurrying to buy assets to spur the euro. key decisions from one of the bankers. we are not going to rush to a new decision without know ing what they are. >> could striker become the u.s. company facing itself in britain to reduce taxes? it could be on the cards. >> welcome to "countdown." i am mark barton. >> i am anna edwards. protests on the streets of ferguson, missouri. -- becomet has come familiar since a police officer shot and unarmed lack te

let's get out to our own carolin roth in london. over to you. >> to be honest, it's been failing down beat, seemed very bleak. whether the disinflation is concerned and as far as the slowing growth is concerned. as i just mentioned, some of the comments this morning that would have been getting from my guests is very down beat. do you have any better news for me when you talk to your clients? >> yeah. i think part of the challenge here is that we're entering a very different global growth model. in the past, it was u.s.-drove consumption and emerging markets and particularly china drove out to meet that consumption. and yornlg we're going back to that story in the united states. and a consumption story out of asia eventually. by in the meantime, that means cloeg growing, which i think concerned a lot of people. you say any bottoming out that we're seeing right now, any sign of improvement, that would be too prosecute mature to call it the actual recovery. we're going to have to wait a couple of quarters, don't we? >> i think we may

. >> thank you very much, caroline hyde.ve seen returns to growth for europe's two biggest economies. expansion revealed that the recovery in the region is still slow. we have dutch gdp as well. on the quarter, 0.2%. that is a mess. quarter revised lower as well. 0.6%. dutch gdp just missed. the big headline is that germany of voids recession. let's bring in hans nichols from berlin. , good news for merkel, still pretty low. >> this is what u.s. treasury secretary jack lew is talking about when he warns about a potential lost decade. you have growth in germany and france but this is marginal growth. look at the french numbers. 0.3% increase. they revised their figures from last quarter and they had contraction. here is what their finance minister said about it in terms of drug -- in terms of job growth. economic activity picked up slightly but it remains too weak to ensure the job creation our country needs. germany, we shouldn't discount it yet. it came in right at expectations. remember, this is 28% of european output. a b

here with more is caroline hyde. it has been used for quite a while now. >> 2008 is how long this was being used. symantec ising that a security software maker. we know it for norton. 2008,ms as though from this is a new malicious software that is being used in 10 different countries. we understand they have been used for surveillance, for intelligence gathering. the infections were across a variety of organizations. withdrawn and seems to have resurfaced since 2013. >> caroline, talk to us about being targeted as a result of the software and house sophisticated it is. >> if you are looking at countries, two countries keep rearing their head. it is russia and saudi arabia. more than half of the attacks seem to have taken place in these countries. there are another eight on the list. india, ireland, afghanistan, iran, belgium, austria and pakistan. these are the countries where so far it has been seen. largely attacking individuals and small businesses. half of all attacks are on the smaller side. another one third of

caroline hyde joins us to take a closer look. saying they have reached an agreement on key terms for a possible all share combination. they are extending the share buyback program. they having knowledge the are reaching an agreement -- they are reaching an agreement. there is still due diligence. this would be the biggest deal in the u.k. insurance industry and 50 years. -- in 50 years. it was a difficult combination. you have a lot of back-office negotiations. the aim was to create a powerhouse if you combined the number two player with friends life. they would have a quarter of the population that would be their customers. it would be about improving asset management. we have a wholesale change. it was a generational shift. the u.k. chancellor of the exchequer agreed to change the rules of the game when it came to getting our pensions. usually what we came up for whenement you would be -- we came up with retirement you would be incentivize. money. your >> and have plans to buy a boat. >> cash in, and that's it. it means the luc

much.nk you so caroline hyde.interesting conversation about how people use, it is the bulls we see on the internet and people -->> how many let's do you write every day? day?sts do you write every >> about three. i use them not only for work but my personal life. that is kind of sad. >> cracking down. april into currency dealings. we will have that up next. ♪ >> welcome back. let's check in on the markets. jonathan their role joins us. >> look at the map. it is green. the ftse 100 is up. up zero point 5%. the gains of over 1%. little bank is moving. percent.x is up 0.5 really volatile. the index is moving itself. is hugomover in germany boss. down by almost 6%. , earnings goods maker miss, a downgrade for the forecast and they say there's been a substantial slowdown in europe. blame europe. we will look at sterling and five minute's time. we are up 0.2%. we get construction data in four or five minutes. we are looking at 63.5 on pmi. if it is above 60, pretty darn punchy. trade, dollar is strong. five year for the

>> well, i'm sure caroline is not planning to sell. but if she were, i would think that $500 to $1,000 would be about a reasonable price for that one. >> for this one-- >> sure. >> --little print. is it just because it's ansel adams? is it because it was a print from the--when would this print have been made? when would this-- >> he probably made the contact prints soon after making the photographs, so probably 1940. it's an ansel adams print, that's its primary market-- >> wow. so you're sitting on a goldmine here. you could raise all kind of money for the library fund. >> well, we find that most people are just as happy with a great copy that we can make for them and sell to them. and we can make it this size or we can make it this size or that size. and all of that is on our website. and that's how we hope that people will enjoy our photographs by buying some and they can enjoy them at home and tell the stories behind it. >> so they can get these off the web. >> the information is online on how to order them. >> right. >> so that's

caroline hyde is here to explain the challenges.k at that move, 1/5 of its value, gone. >> just four months after they saw a significant slump in their share price after they slashed their 2014 forecast. they now say 2015, 2016, l galindo too. , theys, profitability can't commit to that anymore. it is the ongoing fallout of the fukushima disaster. the nuclear disaster back in 2011 made everyone reassess how much they wanted nuclear energy. germany started putting off reactors as did japan. making, areva has been its own rod to beat itself with. it has delayed projects. it has projects delayed in finland. they had disputes with a customer over there. they have investments in an african uranium mine souring. all of this is building into a crescendo of a company that is hurting right now. really interesting thing about this is, the political headwind to one side, but then you see the developments in russia. a threat to gas supplies perhaps. you would think this was great for areva, then oil prices do this. no incentive to push back. >>

caroline will run you through that. they still have to break even before they managed to sell that again. work, manus cranny. that is the market open. the big news out of france, we will get you those pmi's, manufacturing in at 47.6, services in at 48.8 and that is a very slight beat. 38.4 is also on this, wherever you look at it forget the estimates that it is firmly in contraction territory. we are joined by stephen jones the chief investment officer and he looked at more than 50 billion pounds in assets great to have you with us. manufacturing, contraction services and territory again it does not look pretty for france. >> i think that is a pattern that has been well-established over the last couple of quarters and without france coupled up driving europe than europe as a whole suffers. picture is one that has caught the attention of the ecb and we can't forget that action has been taken by draghi in the council. some of to to affect the weakness. >> this is the number two economy in the eurozone, germany not doing m

. >> chef caroline what are you doing?amole and cilantro. >> what are you making. >>> guacamole. >> guacamole i love gac. >> most recipes use cilantro i use parsely and lime and lemon and that means it from ox dieing a lot. >> how long have you been cooking? >>> for about three years. >> chef matthew. y. >> what are you making? >>> i'm making chicken parmesan. >> i love that. let's do it. i see you have the spaghetti down. the pasta is down. the sauce. >> yes. >> okay. piece of cheese, what is that ricotta? no, that is mozzarel mozzarella. >> i have been cooking for probably three years. >>> three years? >> yes. >>> how old are you? >> i'm 10. >>> chef victoria what are you making. >> an easy apple crisp dessert. >>> did you just pour butter all over that. >> yup. so this is a locale dessert. no. we don't care about that. it's going to taste good. >> yes. >>> what's on the bottom. >> peeled apples. >>> okay. what's this? >> sugar and cinnamon. >>> you put it on top? >> yes. let's do it. you know what i call that? suite! >>

any of the initiative that caroline ran through? yes? >> you mentioned the mix bag as far as transportation, representing a national transportation association, we are very excited concerning the federal gridlock lately of the state races and the ballot initiatives. do you see given the mixed bag them taking different issues such as tolling, sales taxes in some of the northern states like michigan? >> i am not really knowledgeable. >> i am not super knowledgeable either. obviously, states keep wanting to build roads. it is a key priority. we have had a lot of public-private partnerships. i think that will be an area. governors do want money for transportation. what will be the innovative funding sources of the future? >> i am trying to think. >> you made the point that voters seem to be willing to set aside money that already exists for transportation or protect transportation funding from being used for other sources that may be less excited about increasing revenue for transportation. >> one interesting thing to note is tax increases a

caroline?iled at the twilight's last gleaming. whose broad stripes and bright stars through the perilous fight, over the ramparts we watched were so gallantly streaming? and the rockets' red glare, the bombs bursting in air, gave proof through the night that our flag was still there. o say does that star-spangled banner yet wave, for the land of the free and the home of the brave? >> on the shore dimly seen through the mists of the deep, where the foe's haughty host in dread silence reposes. what is that which the breeze over the towering steep, as it fitfully blows, half conceals, half discloses. now it catches the gleam of the morning's first beam in full glory reflected now shines in the stream. tis the star-spangled banner, o, long may it wave. over the land of the free and the home of the brave. >> and where is that band who so vauntingly swore that the havoc of war and battle's confusion, a home and a country, should leave us no more? their blood has washed out their foul footsteps' pollu

any of the initiative that caroline ran through? yes? >> you mentioned the mix bag as far as transportation, representing a national transportation association, we are very excited concerning the federal gridlock lately of the state races and the ballot initiatives. do you see given the mixed bag them taking different issues such as tolling, sales taxes in some of the northern states like michigan? >> i am not really knowledgeable. >> i am not super knowledgeable either. obviously, states keep wanting to build roads. it is a key priority. we have had a lot of public-private partnerships. i think that will be an area. governors do want money for transportation. what will be the innovative funding sources of the future? >> i am trying to think. >> you made the point that voters seem to be willing to set aside money that already exists for transportation or protect transportation funding from being used for other sources that may be less excited about increasing revenue for transportation. >> one interesting thing to note is tax increases a

one is that it was about caroline kennedy.. but i mean it's actually the story that i kind of made up about my wife at the time. but it's a good story. and -- [ laughter ] >> jimmy: just stick with the things. we like the stories better. >> i like it. and i needed a name with three syllables. and caroline came to mind and yes, i liked it, i hadn't heard it, sang good, and we kept it and now it's out of the bag and everybody knows it. yeah. >> jimmy: speaking of names, neil diamond. how do you end up with a great name -- it's not a fake name. it's a real name. your name is neil diamond. [ laughter ] >> yeah, it is and -- >> jimmy: but, did you ever think of changing your name? >> yeah, i tried. for the first record i sat down and wrote up a couple of names which i thought were absolutely brilliant. >> jimmy: do you remember a a couple? >> i do. they're stuck in my mind. one was -- and i know you're going to love this, jimmy. noah kaminsky. [ laughter ] >> jimmy: what? noah kaminsky. it sounds like you change your name from noah

carolin is still with us. what is your idea? for me, the most interesting thing is the size of the share price decline. these fines significant relative to other fines we've had significantly, but they're not ground breaking. and i wonder whether the biggest volatility is looking forward more red tape in another area now, fx, for the banks to deal with moving forward. >> well, it's pretty clear that ubs wants to put this behind itself because the selling with many authorities for around the world. for more than five years, six years, they settled on a libor case. they settled on the mortgage-related issue. it's worth noting there might be another settlement out there. that could be a terminal investigation. but according to those reports, ubs might be getting lenient treatment there and might be lenient fines because ubs has been cooperating early on. we're still waiting for a settlement within precious metals in the gold feel. ubs has been trying to get ahead of rivals in terms of that, in some cases, it does. in some cases, it

caroline, how did feminism become a dirty tword? >> i don't know. i wish i did.on't know where they're getting their information. feminism, women's rights, equals human rights. i don't understand how it becomes this complicated political minefield to navigate. feminism, women's rights, equals human rights. it's about equality. they need an education about that. >> i think celebrities don't know what feminism actually means and they're afraid of it because it comes across as us versus them. i think when somebody says they are feminist, they're judged more harshly. like beyonce, talking about feminism in one of her songs, they were saying she didn't uphold the feminist morals and she was twerk. so i guess you can't twerk when you're a feminist. >> that is not a rule. you can twerk when you're a feminist. >> a lot of people are offended. >> the bottom line here, feminism means that you think that women are people deserving of equal rights and if you agree with what i just said, then you are a feminist. so the attacks on the word and sort of the miss interpretation o

caroline hyde joins us with the latest. is a huge bank.that has seen change at the top because when the chairman passed away, his daughter was put in place over two months ago. >> september sheets into the hill, september 9 when her father passed away from a heart attack. helm, september 90 when her father passed away from heart attack. she is taking control. she is exerting her authority. she is shaking up the helm. will step down. 20.as been ceo since not even 18 months. he is replaced by the cfo. has beenngly, jose there a significant amount of time. he has been the cfo since 2004. he has a decade of how to negotiate. loans that had a bad bank in their domestic area and they're looking to the u.k. for growth in particular. of chairs. you are given the head of global marketing, jose to become cfo -- ceo. and a global wholesale banking in the u.k. will become global banking marketing. >> talk about the history of these guys. walk us through the history. >> it was a surprise. hobby eric took to the -- hobby tothe helm.er took spec he knew

caroline, on these state ballot measures, the story is a little bit different. we have this dichotomy the voters pulling the lever for conservative candidates but more progressive issues, write a? >> yeah. like lou noted earlier it was really interesting because despite this republican wave, voters in red and blue states asked a number of liberal ballot measures to one of the more popular at the top of that list is marijuana legalization. both alaska and oregon went to colorado and legalize not just possession but also the sale of marijuana. washington, d.c., legalized possession and allowing home growth of marijuana of small amounts. what will be interesting to see is one that congress in the next couple of months besides to intervene. but whether or not congress does intervene in d.c., this is an issue that won't be going away in the next few years, especially after all the successful measures on tuesday. activists will be pushing ballot measures for the next go round in at least five states, those are massachusetts, nevada, california, arizona and maine. >> s

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we will have a list of those on caroline tucker abc 7 news. >> how she is drawing with -- drawing from experience with her elections. >> the weekend forecast coming up. >> coming up in sports, the cap could get back on track. we've got a preview. family former -- >> a former prince george's counties will driver was convicted. the bus rolled down a hill, striking a six-year-old child who was waiting at a bus stop. the white house promises vigorous defense when the supreme court faces a new challenge to the affordable care act. are subsidies that help low and middle income people buy health insurance. subsidies can be offered only in health care exchanges run by the states, not by the federal government. the obama administration says the intent of the law is clear. until november 19 people can compare different plans. to slow rollout is designed prevent a repeat of last year when the website crashed after going online. >> the transition process begins for larry hogan. a representative met with martin o'malley's chief of staff three days after a victory over lieutenant governor anthony br

he says that russia is under control. >> caroline, great work as always. bring in francine lacqua who joins us on "the pulse" in about 10 minutes time. there we have one of the big ceos in europe. fivetually, we have exclusive interviews into ours. we are spending a lot of time talking about the banks. draghi has a difficult problem on his hands but his main problem in my eyes is how to transmit what he is trying to do to the real economy. he needs to make sure the banks start the lending to small economies or small companies. to onegoing to speak medium-sized italian firm to see what he needs to start growing. this is basically the transition mechanism. aqr to see how banks are feeling about lending. >> i am very excited about the soap opera that will be the news conference. >> don't bash mario draghi. >> i just think it is going to be fascinating. >> this is about personality. this is not really about dissent on the board. we understand a lot of governors from different countries say mario draghi is not transparent enough. he makes decisions unilaterally

who hasn't six children and knows what juggling time is. >> great interview, caroline. i want to bring you some breaking news we have had from abn. go.e are over 1000 jobs to this will be phased in over the next four years by 2018. 1000 jobs will go to the retail. they are going to take provisions for those job losses, the cost associated with those job losses, between 700 and 500 million euros. of all the european banks it of people in terms being late with their payment, not making their overall loan repayments. mona power of his fall by almost three quarters of a billion euros. 287 million down from 347 million. they are looking at a lot of things like cost income ratio. that is down to 51%. 2018.nd jobs will go by >> you can join in the conversation on twitter with us. tell us what you want to see more of. this is where you will find us. we will be tweeting about the g-20. apparently the election in japan -- our next guest says the yen is in the most significant decline in modern history. we will talk to him after the break. ♪ >> welcome back. the global economy is

here with more is caroline hyde. kingfisherabout how is performing.hey had a tough time in france. torrid time. we are seeing sales down 4%. they list the catalog of reasons as to why france is looking so poor right now. it is all about home improvement , and the market is not very good there. we consumer confidence. they blame higher taxes on francois hollande. and of poor construction market. .ll of these factors add up france is bleeding. poland, china, also not performing well. clearly this is an area that is not managing to whether the the economiceather turmoil well. but let's talk about the u.k. a better performance coming through in the united kingdom. >> we are seeing an english man -- handing over the reins to a french woman. it will be interesting to see if she can navigate france that much better. u.k. s done well in the sales are up. because of the better economy and housing market. the economy is more buoyant. the housing market is very good. they own a brand which is focused on tradesmen in particular. sales there are down 13%. everyone

caroline, the new game and the same old question, better than the last one?hey are actually taking a different tactic they are employing the cult of the brand candy crushed, usually they would add saga but now they are dining out on candy crushed. and why wouldn't you? from thison a pulled game in the first half, one of the top grossing games ever since it was launched. the amount of times it is an played is according to 71 times the world population, 71 times 7 billion. you add soda soda, and it turns gravity up and down and there are new ways to get involved in the game and they are marketing this hard. are you a fan? >> kind of. river into ad the soda fountain display and had a seven meter high candy bear. >> this is what happens to productivity in this country across the western world. >> we are all suddenly commuting, this is about general easy to play games but what is interesting is the company having to admit that this is incredibly hard to get anywhere to try to re-create the je ne se quoi that gets candy crushed happen. >> it is hard for anyone to b

. >> i'm carolin roth. we're just getting italian third quarter gdp numbers. the italian economy shrank slightly in the third quarter bringing the economy back into recession. gdp fell 0.1% following an unrevised 0.2% fall in the previous month. this is in line with expectations and italy still not emerging from recession. now, remember, we got the very disappointing industrial production data in the month of september, something 0.9%. barclay's expecting italy might not exit recession before the first quarter next year. >> let's move on and give you a reminder of our other headlines. germany and france avoid falling into recession in the third quarter. >>> gearing up for a showdown, the australian prime minister accuses the russian president of being a bully while the uk warns russia of further sanctions. >> the eu says a corporate tax deal between starbucks and the dutch government may have been illegal. >>> rallies to the top of the french market after the telecom giant lifts on better than expected sales in the third quarter. >>> hi, everyone. i'm seema mo

let's go to caroline hyde. >> i am going with the green this morning.regulators, five banks, $3.3 billion. that is what is being settled in the foreign exchange probe at the moment. ubs rising on the back of it. they provisioned more than they have been asked for. million andr $800 the provisions 1.8 billion appeared o. many analysts are saying this is a relief and they have plenty of cash if there were any litigation problems going forward. we are talking about settlements. let's talk about offshore. the biggest gain on the stocks up by 17%. this is a floating oil production platform maker. overall what it is trying to do is settle a case with the dutch prosecutors. 240 were being fined million dollars a last improper payments by sales agents being made in africa and south america. improper practice but it seems to be a relief. they are up 17%. meanwhile, let's talk italy and broadcasting. currently up almost 7% for mediaset. the former prime minister owns the companies and losses narrowed. the reported third-quarter sales to be stagnant. now much impr