jonathan: caroline connan, thank you very much.hear much more of that interview in "the pulse." we will get a read on the u.k. labor market. the unemployment rate set to remain at 5.9%. guy, a lot to talk about this morning. guy: the equity market is the biggest array for me today. if we get near some of these highs, we are about to break through some key levels in europe. jonathan: 20 points off an all-time high in the ftse. guy: the.com boom was the last time we were hearing this. that is the story. greece obviously the standout. we will continue that conversation. we will talk about what is happening. i still don't understand the difference between a loan extension and an extension of the bailout. jonathan: the wording is very important. guy: for both sides. it will be interesting to see whether this plan flies when it didn't earlier on. jonathan: i think about nostalgia as well. going back to the boom, the tech bubble, the nasdaq near that 2000 high, and evaluation of $19 billion for a video and messaging app. guy: we have been

the chief executive has been speaking to caroline connan. he says he is convinced an agreement over greek debt is probable. >> globally speaking, on the macroeconomic side, we consider that a positive input. [indiscernible] the new oil price and the very low interest rates should create a better dynamic not only in france but in europe. this will be positive also for the banking situation. yes, we expect slightly better dynamic in terms of revenue this year than last year. >> how big of an impact could the greek situation have on the european recovery? >> there is a great interest between the greek country and the european interest. in our view, it is highly probable that there will be -- it could take a bit of time. it could take some weeks. probably, we will have an agreement to allow greece to pay the next payment they have due. and on a longer-term, the new agreement. today, the main part of the greek sovereign debt is owned by europe. it is not really a question for the banking industry. we are convinced that due to this situation, agre

guy: caroline connan sat down with the ceo of kering.is-henri pinault ruled out selling puma. >> i am not selling puma. puma is in a relaunch strategy. we have had a strong improvement in sales, products and the quality of our distribution networks. the brand is moving in the right direction. i am confident that we will be able to continue to turn around puma and deliver strong growth. puma is not for sale. caroline: how much of puma do you own? >> 86%. caroline: do you plan to buy the rest? >> it is not currently in our plan. we will relaunch puma worldwide. this is the top priority and only priority. caroline: you said you were confident about luxury in 2015. >> is a market that is not at the same pace but still growing. it's securely growing. targeting younger customers and when it comes to emerging markets those customers are very attractive. they are young. very attractive for sports brands. sports is very global. what you sell and one part of the world can be sold in another part of the world. the same type of situation inbox repai

we are joined for more on this by caroline connan in paris. what is in them? ne: good morning, francine. the process of getting this law passed was more impressive than the reform itself. according to many political analysts, this law is not a revolution but and a cumulation of little reforms. i'll give you some of the highlights. it is allowing more shops to be open on sunday something which is very limited to some tourist zones. this was the most controversial part of the macron law. there is also easing restrictions. it is removing the link on the severance pay of division, which is being shut down and the profit at the parent company. that change, according to economists could have a more significant impact than opening more shops on sundays. then you have a lot of mini reforms in different sectors. for example, opening up the markets or increasing competition of legal professions. not deep reform of the french economy. many reforms in many different sectors. according to many executives we've been talking to recently, from l'oreal even though this macron l

international interview since the death of christophe de margerie in october, total's new ceo spoke with caroline connan she started by asking him whether $50 for crude is the new normal. patrick pouyanne: i do not know. we are in a new cycle. our job as a company like title is not to bet on the oil price. it is to take action in order to be able to face the low oil price and be successful and profitable whatever the price is. which is why we put in place an action plan. we reduce it by $40 a barrel spending less. reducing our investments by more than 10%. an action plan for operating expenditures as well. caroline: it is quite drastic. patrick pouyanne: it is a reaction. it is not a novel reaction. we want to stay the course in our midterm and long-term strategy. we do not want to overreact. but we have to react. $50 per barrel compared to $100 a barrel, we has an action plan with an additional $8 billion of cash. we are seeing some exploration costs. the oil industry is spending a lot of money. cost services are very hot. -- high. maybe it will help us to clean up not only the company but the industry