caroline hyde is standing by with more.ine, i am now joined by the chief executive of alcatel lucent, michel combes. tripledk has more than since he took over less than a year ago. thank you very much for joining us today. the turnaround seems to be working. you have had your first profit in two years. are you still on track? turnaround is much more than asset disposal. i took charge of the company one year ago. i didn't show up last year because i was not yet completely ready. i wanted to change the company in a big way. have changed the operations of the company in order to be more efficient and to be much more effective. we are leveraging around debt refinancing as well as asset disposal. to disposal ofd assets worth one billion euros in the next three years. we have already done 250 million euros. we are well on track. >> now you're able to focus more on the innovation. what innovations are the areas you want to focus and? >> at the beginning, the turnaround is really around the industrial place. what i intend to do is

and caroline hyde is looking at results from vodafone. she will focus on emerging markets. is coming up, big interviews today on bloomberg, focused on earnings. we will be talking to the head of low, the -- the head of volvo. >> also, the man in charge at time daimler/ and we will bring you the reactions of credit suisse. >> reactions from switzerland's second-biggest bank. we are joined on the phone from zÜrich by manas. >> it is a mess. the market was looking for a number just under 400. behind the miss were provisions in two key areas. they have an ongoing investigation with the u.s. tax authority. they have taken a revision of 175 million swiss francs. this is a number that back in 2011. 295 million back in 2011. an additional provision here, and mortgage litigation, 339. they're working towards a resolution with the sec. this is a big issue in terms of tax litigation. the dividends, if you're a shareholder in credit suisse, $.70. a number to be thankful for. it pays dividends, but it is still below the bloomberg estimate of 75. goingre going to keep with cost savings,

caroline hyde is watching linkedin. drove the earnings stock down as much as 15% after hours. >> stay with bloomberg today for a host of news. we will look at the competitiveness of germany with the head of the german chemical and drug company merck. earnings from norway's biggest oil and gas producer just breaking. in the next hour, we will sit down with the ceo of that business. interview with nick candy. he says the lending -- the london luxury proper market -- property market is swamped. >> the sochi olympics are being called the most connected games ever. up region is ready to handle to one hundred 20,000 mobile devices at one time. -- 120,000 mobile devices at one time. that is coming up in the next hour. we are just getting those earnings now. they reported 11 million norwegian krone -- 11 billion norwegian krone. they say they aim to cut their by more than $5 billion from 2014 two 2016. they will deliver about three percent organic production. ceoill be speaking to the later on. we will get his take on where the

caroline hyde is marketing the action. missouri for commuters.iverpool street, buses are packed. every taxi is taken. commuters are coming up to me telling what a terrible time they have had traveling across london. underground protests against the modernization, businesses are eyeing the opportunity and the underground is looking to lure in big retailers. ♪ >> welcome back to "the pulse," this is bloomberg's european headquarters in london. let's check out the currency markets. jon joins us. pound now buys you one dollar 6273. the data, a read into three/four of the uk's economy. city 8.3 -- 58.3 is a nice number, the data misses and the trade has punished the pound. >> thank you so much. m kohl's bill gross says china's economic growth poses the largest risk for markets, calling china the mystery meat, baloney, for americans. let's get to neil mackinnon of vtb capital. we have had this correction, 3 trillion dollars wiped off. people saying it is because of china, said concerns, emerging markets. then you have economists saying they are more wo

our lead story of the day, caroline hyde sat down with the blackberry ceo. they talked about the value of messaging's bbm's pprvice in light of the whatsa acquisition. >> i was really surprised when i started doing more research on whsatsapp. isot of study said that bbm dominant. would be typically places outside the u.s. it is strong. it is clearly an asset of blackberry. >> messaging is a basic sort of means. there is a competing messaging service called message me. they said they thought a spike in users means that people survey one it when they wanted. whateverk will happen you want to call it, two interesting. it is it does not mean the dollar will transfer. it doesn't mean $35 billion was spent over the top. it needs a win away from the carrier. the value -- it doesn't mean it went away from the carrier. the value -- we will talk about the way people are using messaging in the enterprise as well as individuals. >> blackberry also unveiled two new phones. one has the keyboard. the other is a touchscreen phone. listen. a lot of people might care less abo

caroline hyde here with more. >> climbing up more than 11%.unced their full year for 2013 and came out with plenty of positives. the positives are numerous according to rbc. some $54manage billion. they are buying back $150 million worth of shares. all in all, there seems to be a turnaround going on. an chief executive after focusing on cutting costs, changing management, buying back this environment. it looks as though the process is working. profitable trades earned almost $2 billion in assets. 8.88% in thel down last few months. there are still better stocks out there in the universe. fund they run is still losing money. fund that relies on computer algorithms. they are still sounding a little bit cautious. do not get carried away. 11.6% -- the best day for man group. indeed. you very much caroline hyde, our european business correspondent. flights will be available to the for 10 euros.r margin for wpp hurt. how janet yellen would like to offer the fed's guidance. weaker than forecast data. the economy may be starting to slow. in part from

thank you very much, caroline hyde.one of the biggest brewers in the ukraine, is monitoring the situation carefully. let's find out what is the latest. the acting president says he has assumed the power of the supreme commander of the armed forces. the parliament expected to appoint a new government later today or early tomorrow. john joins us now on the ground from kiev. too early to talk about a sense of normality returning to kiev? >> much too early. if you walk through the streets is relatively peaceful. at the same time, almost every second person you walk past in the main square is wearing some sort of militia, camouflage, or combat gear. it is a pretty surreal situation when you walk around. streets form in the now. some concerns expressed by some militia volunteers that law and order will become harder to guarantee and maintain the longer this power vacuum goes on. power vacuum obviously feeding into concerns about the financial situation the country faces. there now five days after ousting of the government. ho

back to you guys. >> caroline hyde joining us from barcelona. let's stay in the sector. deutsche telekom is considering an alliance with whatsapp. they hope to partner with the messaging startup in some markets, though not its home market. matt campbell joins us now. can i draw a line between the takeover and what they are trying to do or is this already in train? >> this theme has been going on for some time. we are seeing other manifestations of it as well. there was a bloomberg story overnight about softbank, a very -- a very large japanese carrier, making a competing messaging service in each stage of. the mobile carriers realize they need to get ahead of this messaging trend. text message is one of the dirty little secrets of the mobile world, that text messages were basically free for the mobile carriers to provide. they were a source of immense revenue as people send thousands of them every month and year. that is now going completely away. this traffic migrates onto my forms like whatsapp. toriers are looking for ways not be completely left out of that transition

caroline hyde is live at a station for us. how much will this affect commuters?is costing the commuters time. it is tough to get on the buses. that one queue is working before 7 a.m. it is a 48 hour strike. everyone is trying to avoid underground. it did -- it could cost the london underground money every day. the reason is all about modernization. they have got plans to shut down ticket offices in more than 200 stations. that would mean the loss of 750 jobs. that is about 13% of their workforce. as part of the modernization, the london underground is also raising business. what are we expecting? >> this is where the modernization could see a growth in business. we could see them embracing business. in cabal this ticket offices being closed, more than 200. already, they have been trying to collect service. that has gone successfully. they are expanding that. in the biggest grocer wants on the game as well. they want to get in with transport for london and gold that click and collect service at the underground station. even.s parcel and post the retell potential i

john chen in barcelona with caroline hyde. coming up we will talk about facebook buying whatsapp and what it means for the carriers. intbank wants a stake their competitor. we will talk about that next. ♪ welcome back to "bloomberg west." i am emily chang. t-mobile has reported a loss because subscriber gains resulted in higher cost. rier added 850,000 customers but the discount it is using is costing the company. revenue rose 39% from one year earlier to 6.8 billion dollars. t-mobile, suitors for john leger may or not be talking about such a deal. cory, you know, also talking about getting a stake in line, a competitor to whatsapp. why would a carrier wants that? lunch of the traditional carriers, to see what the businesses. they are recognizing there is a threat. >> the messaging services have taken a chunk out of the revenue for the carriers. we will talk about that with the boxer ceo. also employee number seven at google. so first of all, why would softbank want this? messaging services are taking over the world. they are

here with more is caroline hyde. we go to a new plan. >> that is two eathornes in the side of sony. -- - eathornes in the eathornes in the side of sony. tv still a key concern for them as are phones. they are just not winning out to apple. samsung. those two companies have cleaned up. all this despite the bright spots of playstation and music and film. a 1.1 billion loss is now forecast for their full-year finishing in march. they have profit. it is going to be a real loss. >> what are they trying to do to tackle the situation? we had some dramatic announcements today and i guess investors will decide whether that is enough. >> that will be how investors will respond tomorrow morning. that will be the judgment. 5,000 jobs to go. 1/3 in japan. 2/3 internationally. remember, this is a company, they slashed 10,000 jobs in the tv unit alone. clearly more jobs to go. they are also spin off the tv business to a separate division after 10 straight years of losing money. there may be a few i told you sos out there today. dan

caroline hyde, our european business correspondent.neration biofuel. stay tuned. we will tell you about it when i come back. ♪ >> next generation biofuels. they have been described as bridging the gap between agriculture and advanced materials. with companies like shell opening manufacturing plants, the next big innovation for the renault will section -- sector. walk me through a nexgen bio fuel is. >> gets more renewable energy in the transport system. on food.often based they compete with food. to be subsidized. nexgen biofuels are non-food feels. like wasteng things from your rubbish bin. the cost should be cheaper. ideally, we see them competing on price. >> 2014 will be a big year? >> hopefully. the last five or six years has not shown us the results. this year, we are saying big commercial facilities, online. we should hope to see about 750 .illion liters of biofuels memo watch the investments role out. >> bloomberg "the first word" is up next. for our viewers, "the pulse" is offering second hour. a second hour. we're going to sp

caroline hyde has more on the story. a good set of numbers and a couple of key areas.s,s stella artois, budweiser. it is the biggest brewers and a fourth quarter looked pretty stellar. strip out your currency effect, up 4.6%. that beat. earnings up 13%. we're seeing volumes dip a bit as they start to charge more particularly in the united states and mexico. >> the volume has dipped slightly, but they charge a little more. >> even though we had a cold winter in the united states -- goodness, they have freezing temperatures. a stronger economy is boding well. they're reading optimistic. ex ago, brazil, are returning to growth. the u.s. is improving. these three companies make up 80% of the revenue. also emerging markets they are focused on -- china will be solid. they're looking for acquisitions in china. south korea, the pot back breweries after five years. --they bought act breweries they bought back breweries after five years. --how are they changing they're getting more niche in the products. >> we want more craft beers. as a female, i want more cider. but peopleis c

. >> shares are rallying on the back of this, caroline hyde is here.is has been an ongoing and long running stake. scale of sense of the the crossownership we are dealing with. involved,re families two consumer juggernauts as well. the crucial figures are that oftlÉ holds about 1/3 l'oreal's shares. , april, restrictions listed on what they can do without. they no longer have to offer the family that also owns 1/3 of l'oreal, they do not have to offer them first right of reply. seeing a speed up in what nestÉe is looking out. they are talking to banks, discussing how to offload that stake, worth more than 20 million euros, about $30 billion. no wonder oriole share price is at the most in 2.5 years. what everyone hopes will happen, l'oreal will buy back those shares that nestlÉ will sell. they are taken out of the market, each share that is currently available in l'oreal becomes that much more valuable. >> what does nestlÉ have to gain? they make money from owning this. >> they get about 10% from their net income from their state and inreal -- their sta

caroline hyde just got back from the mobile world congress. the going on with the chinese cell phone manufacturer? huawei is a manufacturer. about lettinged the chinese build their internet equipment so they're trying to break the u.s. market in smart phones and i was there at the launch of the new product. they want them to be more expensive launching two tablets and a talk band, a bracelet that exercise, but you can wear it on your ear and speak through it while you are in the car perhaps. >> they have such high ambitions. to onent to double million smart phones this year. they see about 300 euros per smart phone where they really want to push. 160 oneage is about dollars, half of what the average is worldwide. in the u.s., the average selling price is a next sets of $500 -- in excess off $500. they said they are far from being a dominant player and i spoke to them earlier in the .eek >> the plan is to be a leader in the world. we want to be one of the leading smart phones and consumer companies in the world. that's really what the people ar

caroline hyde has the latest on samsung's newest products. whatsapps facebook and , another tech deal brewing in japan. back in the studio, ryan chilcote is looking ahead to a key vote in ukraine. hans nichols will break down the proposed deal from berlin. >> we are getting earnings from the world's largest chemical maker, the aff. -- baff. >> it looks like fourth-quarter earnings have beaten estimates. let's start with matt kemp -- net income. 4.4 billion euros. that is ahead of estimates. the core metric, earnings before interest and taxes, including items, 1.45 is up from 1.23 and ahead of the estimate of 1.34. the company expects sales in 2014 to decline slightly. -- noason as of yet reason as of yet, but the company says that sales will fall this year. this is a company that is working towards a revenue target of 110 billion euros to the end of the decade. they're cutting jobs in europe, adding production in asia to account for increased competitions in areas like paper and pulp additives. ceo has been shifting the company towards additi

caroline hyde on the changing landscape for upmarket mobile phones.se is coming up at the top of the hour. guy johnson is at the head of that show. what is big today? >> a number of subjects that we need to focus on. we are covering what is happening in ukraine, the latest on that story. rbs, a big element to the show as well. this company is burning through money like it is going out of fashion. the question is, will it need a recap? another recap should i say? we have guests lined up on the credit side to discuss what happens next from the balance sheet point of view of rbs. then we are talking about what i think is the main event of the show, lego. we are talking to the lego ceo. i can't wait for this. the results come out at 9:30 u.k. time. do you know that their business cards are little lego men? when you and i hand out our business cards, they suddenly seem so boring. these guys hand out little lego men with their phone numbers and e-mail addresses on the chest. it is fantastic. fair, i have seen some of the production team come back with those

our european business correspondent caroline hyde is here.he largest concernders -- a lot of that the bigger shareholders have too much say about who is on the board. he will ask to cut him out of people on the board and give smaller stakeholders more power. directors are backing this proposal. they will be going to the board in april, the stock could move on the fact that we will see more stakeholders becoming more independent. belgian company, a bit of a rough ride. the cheated -- the chief executive was made to leave, fired by the government back in november. many thought he was going to be a good pair of hands. fourth-quarter sales not living up to expectations. neither did earnings. they will be cutting their dividend sometime in the next three years. >> john is here. it is all about inflation and unemployment. less so about unemployment. ecb is not acting on that. inflation, of course, is the big focus. the estimate comes out at 10:00. germanay, we had the numbers and german inflation is weak. this is not a spanish italian story. it. li

inhave a caroline hyde barcelona. she is talking about whatsapp. a game chance at just game changer is that transaction? over 10%ok would pay of its market capital for a company. just the sears -- sheer size of it. this is a application that 450 million users use. they are very few of these giant web supernovas tom and these companies a come out of nowhere and hundreds of millions of people are using them up. it is very smart for them to facebook finally gets another revenue stream other than advertising. they charge about a dollar a a dollar a year. it gives them the ability to charge something for its service. it creates a precedent. >> here is facebook. you can see the reaction is perfect. facebook is barely blinked. the market loves this deal. >> facebook has taken out somebody else, a company that could have as much or more reach than they have. >> we want to highlight some headlines that came out of that session. they aim to release voice functions in the second quarter. it will start on the iphone and android. how much of that is significant

caroline hyde at the european -- at the mobile world congress. let me turn back to what is going on here in the u.s. it is merger monday. men's wearhouse boosting its offer for joseph a bank. >> this is after joseph a bank said it was buying eddie bauer two weeks ago. boosting itsse is offer to $63.50 per share. that is contingent on the acquisition of eddie bauer clothing. it could increase the offer to $65 per share if it is able to conduct a limited due diligence. the original offer was $57.50 per share in cash. it has boosted that offer, conditional on the acquisition of eddie bauer. this amended effort offer expires on march 12. these two companies have been back and forth on various attempts to buy each other. this is the latest shot slung across. thank you so much. scarlet fu there on men's wearhouse. moving and shaking this hour, defense secretary chuck hagel who wants to cut the army to its smallest size since before world war ii -- the pentagon releases its proposed budget today. hagel called for cutting the army from about 570,000 troo

caroline hyde. in 60 minutes, the pulse is coming up.py monday to you, to. -- too. we have a lot to talk about. the french president is an united states. what will you talk to you next its president about? there will be talk of spine and tech companies. we have new things to talk about with trade and transatlantic trade is high on the agenda. we will cover all about. l'oreal story. caroline will be back to talk about that. we have great pieces on entrepreneurs and we will take you through what the entrepreneur should do when faced with the prospect of selling. chris nicholson will be here to talk about all that. one of the highlights of my day will be new energy. concerned.are a new energy companies called off that energy. although our homes lose a lot of and they have a cool technology that allows you to capture some of the heat and turn it into electricity. they do it in a clever way and you will have to stay tuned to find out how they do it. that's >> i'm looking forward to it. front.at the but the cutting-edge of this sort of thing.

then judge me. >> that was caroline hyde out of barcelona. >> ok.t's gain depot's fall, a couple stock closes next. ♪ >> we're getting you caught up on the only start -- stock you need to learn about. they come they also raised its courtly dividend by 24% of $.47 per share. qwest number nine is martha stewart, living up eight percent after reporting fourth-quarter profits. revenue did not decline as quickly as expected. the media and merchandising ,ompany has begun winding down but probably not fast enough for most executives. number eight is linkedin five percent of the network expand ineds to china. chinese website will district content. the union down more than one percent. .nder an investigation the western union says it is cooperating with the government and might face fines or damages. >> lumen brands of 14% after the owner of the out back steakhouse had fourth quarter income triple dared it has an fitted from a large gain tied to the acquisition of controlling states and it's resilient operations. bloom and onion. a lot of good company names

caroline hyde spoke to him earlier.ig announcement that it would not only be messages you will be able to send for free for $.99. it is going to be calls that are going to bring to make as well. that was the key big announcement. the question i put to him, did you ever envision a product? he grew up in the ukraine where you had very little privacy and your phone calls and also very expensive to talk abroad and that is why he came over the principal. did he think it would extend? he say he is amazed by the company, the growth. toalso, samsung is expected unveil galaxy s5. it has a number of new apps. sam grobart explains. >> banding together to fight a common foe. think about it. thrones" and house of cards. again betweenning samsung and google. with the unveiling of samsung latest s5 phone thomas it heralds a new feeling. the two companies announced a sweeping agreement regarding patents and intellectual property that will increase cooperation between samsung and google. it is expected that google will tone down develop

. >> thank you so much, caroline hyde with the latest where business meets the queue.ere are some companies on the ove for you. r.s.a. hester to lead he will seek to boost the ompany's finances. alibaba's estimated evaluation rose to $153 billion after they posted sales and profit last week. it was estimated to be worth $120 billion. analysts expect the company to hold the largest i.p.o. since facebook. now coming up on the program, we have plenty more. we'll go through the market and tell you everything about the day and talk about cars. all of that and much more coming up on "on the move." >> welcome back to "on the move." i'm francine lacqua at bloomberg's european headquarters here in london. we're 30 minutes into the trading day. let's see how things are shaping up. this is the picture for the markets in europe. we're seeing a little bit of a mixed bag. the ftse up .03%. this is before the e.c.b.. we're expecting retail sales later on in europe. tomorrow a lot of banks are expecting a cut in the next couple of months. will it come tomorrow? will it come at the mee

>> caroline hyde with the latest on tech stocks and linkedin.till with us for a few final thoughts, bill blain. you were tell me you were very exciteded this week because of corrections and exciting stories to tell investors. is toll one of them? >> there are lots of stories to be talking about with investors. that is one of the things that makes this job so interesting. we have everything from a fail austrian bank to the stock rally in japan. we have picking things in e.d.m.. i just looked at linked inn and i'm thinking about facebook. last week someone compared it to the growth and decline of bubonic plague. if you look at the way it expanded and disappeared, facebook, same thing. linkedin, i kind of joined it a few years ago before >> i joined it. my email, personal email still has requests to join. i never log into the thing. >> did the same actually. >> i live without it. and i live without twitter as well. >> now that you're going a step too far. thank you so much for joining us today. strategist with mint partners. >> always a pleasure. >

the european business correspondent caroline hard -- caroline hyde has a very special guest. >> good morning. i am now joined by the chief at the chip design center of what is basically every smartphone. you don't actually have any particular statements to be made, but every single company ist announces a new product making the same. >> virtually everything is based on the chip somewhere inside the technology. >> you just announce last quarter the design. tell me about the roadmap. i know you have your site set on that. where is the demand going to be coming? >> i think it's going to be a very exciting next few years as we go to the next hundred billion. i think the innovation is going to be all over. we are going to see lots of interesting devices. also low-cost handsets, which are going to allow billions of people to get access to smart phones which could never get them before. we have got the infrastructure moving the data around and the in the internet is very exciting. >> there has been a lot of lip service paid to the fact we are andng slowdown in high smartphones. -- high-end

. ♪ swantee speaking to caroline hyde. we are live at the biggest -- at event. julie myers here.awup last the whatsapp facebook deal, i saw a lot of money. humans think, i wish i had got in on that early. pick the next whatsapp? there are so many opportunities out there. >> we get in early. we get in mvp. a company has to have a product that is the minimum viable product. that is very unusual, to get people that are willing to put institutional money into businesses at that stage. we are attracted to entrepreneurs that do what we refer to as system-level thinking. fedex as ad to the technology firm with trucks. atra met is building transportation business -- drones, drug delivery and creating networks. we like entrepreneurs that think how the industry should work, not just how do i make an incremental application. they think, how should the industry were, how to the profitability work for the ecosystem. that is where you get the game changes. we concluded a 36 million euro deal into a company. we are looking for companies in the bitcoin infrastructure . jairus? of course they are

. >> caroline hyde is here with the latest. it is a hefty stake that nestle owns in l'oreal. >> it is about one third of the entirety of l'oreal. no wonder shares are reacting so much. you see l'oreal up some 4%. it is the best day since april on the back of this story. it is all about the way in which nestle might be reducing the size of its stake. it has held it since 1974, a nice little earner. about 10% of nestle's operating profit each year. reason the, the shares are rising so much is that l'oreal shareholders are hoping l'oreal itself might buy back that stake. they might then cancel those shares, remove them from the market and boost the value of all shares already existing. it is a complex relationship between nestle, l'oreal and the family which holds another third. it is going to take some years but it could start happening as restrictions on the share sale >> that has been in place for a while. what happens next? that is why the timing is such. >> it is indeed. april is when the family that holds about one third of

i want to get straight to barcelona and two caroline hyde, joining us there live. with the on save whatsapp ceo. what does he have to tell you about why facebook? >> i was so fortunate. the rockstar of the mobile world, he joined me for a panel and digging to the root of what whatsapp is. nothing will change. that is his key message. we are remaining 50 people. they might expand 150 people but that is it. they say that -- they will remain independent. he is ukrainian brought up in the ussr. privacy.m is with as everybody smartphone to have it. in an attempt at monetization. still no gimmick. they are sticking to their roots. was like towhat it debate and discuss and, again, and he said, it was fun. best friends, they hiked together all the time. on valentine's day, they were hammering out the deal. leave very much whatsapp would remain. >> i believe strawberries were intended for mark zuckerberg's wife. i want to push back on what will change. will anything be different under facebook? there has to be a point where they talk about integrating the .wo businesses som

thatould point out caroline horn -- caroline hyde at of london will speak with the blackberry ceo later. we are going through the release. it does look like sales came in 6.83 billion. in six poin the real number you need to know is at the end of the fourth quarter, almost 47 million. t-mobile really having the price war. >> it has not been the same since catherine zeta jones left. we wanted to bring you someone smart on the market. strategist.quity he has written a very nuanced note within the enthusiasm of dallas 16,207. ? >> i amtowable stowable, but i think we will struggle through volatility. sentiments become euphoric again. >> i am dazzled by how unloved the market is. inflation-adjusted dow jones industrial average to show how far we have come, going back 10 and 20 years. do you look at that and say it is a peak, or finally back here ready to rake out to a new high? >> two and a quarter years ago where wea report change the view to more of a trading environment. we still think we have a 3-5 years ahead of that. in 2013. driven by the energy revolution. driven i'm mobility. >> he

here with me now is caroline hyde. ferro, and hans nichols. john, what is driving the numbers? charges for the a350 and the structuring cost as well. they're ramping up production and that is encouraging and that is where they see the demand is. that is where the money is. >> we will wait to see how that open spirit of -- open. hans, the story just gets bigger, doesn't it? >> it gets bigger. the details get better. secret meetings in secret elevators. there are some 10,000 clients that have tank, airport stations at the bank, it is a remarkable story. rady dougan is going to be on the hot seat today in washington. there is very little that he can do. he has got to get ahead of his narrative one way or another. >> we will get the full rundown later. she is back. this woman knows no bounds. >> i am moving from barcelona to beer. the biggestnbev, rumor in the world.

. >> that was our european business correspondent, caroline hyde. >> some of the top names in financer return international conference, brought cofounder, david rubenstein. cristina alesci spoke with him. give us the highlights. know, he's an on-chip in or who started the business back in 1987 with two other partners. i could not help but ask him about what he thought about the whatsapp deal. take a listen. >> i spent with my partners 26 years building this and we have a lower market value than this company which is only three years old. i thought i was in the wrong business. i wish i had started whatsapp but i did not know the company. i am a little out of it with respect to text messaging. it shows what is great about america and capitalism. people can start a company with a good idea and they can quickly get an economical word of it, whether it is the right price or not, time will tell. the facebook buyer seems very happy with the price. >> clearly very bullish on the deal. very good for whatsapp. what about facebook and what does it say about tech valuations overall? >> they are p

caroline hyde has been floating around in a boat. no joke. >> and tremendous damage to all the infrastructure, from railroads to the utilities and erosion on the coastline, a real problem. busy, busy morning verrilli front and center, scarlet. the pushback there >> the comcast time warner cable deal. asap cash is helping that well. we will talk about how cheap cash is fueling m&a overall coming up on "surveillance" with our guest host martin sonnenschein. ♪ off in taiwanoing just outside taipei where they are celebrating the lantern festival that marks the end of the lunar new year. >> her family's front yard. >> we do this every year. >> off of the terrorist in the penthouse. >> you can -- have to see the view from the other side. >> is a correctness of the only landlocked county and city in taiwan, where the water is a distance away -- is that correct? >> it looks like it. it does not matter either way, i want is in a bowl format. >> scarlet fu on taiwan. >> my parents are celebrating. >> wonderful. good morning. "bloomberg surveil