let's get the caroline hyde. caroline: let's check in. 12 seconds into the open and we are looking at stocks to gain a little bit. the ftse up 0.2%. france falling a little bit. the stoxx 600 7.5 year high. that is where we closed yesterday. there is room to go further, so says wayne bowers. he is head of investment ceo of the european element. almost $1 trillion of cash to splash. he says, take profit in overweight united states stocks, plow them into europe and japan. that is where you should be reinvesting in your stocks. ftse up 0.3%. let's check on how bonds are doing. ecb we are in day four of the bond buying. they've got to be buying 60 billion euros worth month on month. we are seeing borrowing costs coming down in greece. that is on the 10-year. italy continues to fall as well. spain looking flat. germany just inching up that little bit. the key moves we saw were in the euro. this is where we are seeing a little pot higher. at one point, we were below $1.05. seems to be a little change of direction if you

let's get your market open with caroline hyde. caroline: just 20 seconds in, let's see how we are opening up. v-day for the ecb, bond buying begins. europe and the u.s. so stark and their contrast to what is going on. we opened down 0.3% of the foot to 100. we start that bond buying, the ecb sounding very optimistic that they can bring inflation to their target and also start to infuse growth back into europe. meanwhile, tensions erupting once again in greece. good we see the anti-austerity government setting themselves a referendum? only been in power since january. the latest proposals they sent through to the eurogroup doesn't cut the mustard. meanwhile, the united states still reeling from the very strong jobs data we got on friday. that sent shares lower because it means we are likely to start seeing rate hikes begin. 60% chance now for them to start in september up from 50% on thursday. equities opening lower across the board in europe. borrowing costs are coming down for the likes of germany, currently at 0.38% on the 10-yea

let's get the caroline hyde for your market open. caroline: we are likely to end the week on a high note. this will be your sixth straight week of gains on the stoxx 600. ftse up. similar moves and france. this is the longest winning streak for european stocks since june. all of this on the back of ecb action. we are seeing basically the concern about a rate hike in the united states not managing to dampen the appetite for risk in europe. the ecb is driving the euro lower. that means production could help rejuvenate european economies. amazing amount of bonds being bought. european stocks up. european bonds are up as well. borrowing cost coming down in spain on the 10-year. they are coming down for germany as well. 0.24%. in the first three days of bond buying, 10 billion euros of bonds were bought. driving down the euro, driving down borrowing costs. let's check out the euro. we did see it strengthening yesterday, but it is back down against the dollar. we did get a little bit of a waiver yesterday. we saw u.s. retail sales coming in

caroline hyde with the details. roline: it has been 11 months that this deal has been in the making. april 2014 was when they first announced it. $40 billion to create the world's biggest cement maker. the biggest deal in europe since glencore. they've managed to get through those compromises. key among them is a compromise about the finances. basically holcim realize they were outperforming lafarge. profit, sales why should every holcim shareholder get one lafarge share? why should a lafarge share holder get one holcim? holcim is a little sweeter than that. they sweetened the deal for holcim shareholders. for every 0.9 holcim shares, you will get one lafarge. for every one lafarge, 0.9 holcim. a sweet deal for holcim. lafarge also there were problems about the chief executive taking the reins. it was bought that bruno lafont the man who smokes his cigars, choose gum, was taking the helm of the company. they didn't think perhaps he was the man for the job particularly to do with his cost-cutting record. now, they've

caroline hyde has an exclusive interview.'m joined by the chief executive of orange, stefan richart. i will kick off with some comments in the french press. got everyone excited about orange coming together with telecom italia. what did you say. are you in talks with telecom italia? >> no. i tried to explain this clearly yesterday. among all the ceo's of european telcos we meet regularly and exchange views on europe. everyone knows there is a need for consolidation and convergence. that's it, there is no discussion, no talks between us. telecom italia has its own strategic roadmap. we have our plan. we are in nine countries in europe and in africa. in the future i think that we probably share the view that in europe we will have to consolidate the industry. because the industry is too fragmented. there are more than 160 mobile operators in europe. too much. we need to invest heavily in the network. there is no project, no agenda regarding telecom italia and orange. caroline: would you want to increase presence in italy? which

i know someone else, caroline hyde. caroline: just a few moments, are we complacent? that's what people are talking about. a ticking time bomb in greece is what a capita group is saying. eric nilsson calling it ended game stop. they could slip out of the eurozone into chaos if they do not make a u-turn. meanwhile, stocks opening pretty much flat. ftse pretty much flat, 0.25%. last week, we close at values that take the global equities to highs. $68.4 trillion is the value of global stock market if you're looking at the country world index. that can buy you elites four times united states gdp. where else do you go when you have the economy flush? the u.s. backing off from immediate rate hike. japan, not to mention the rest of the countries around the world. people are going into stocks. pretty much flat and concern about what greece will do concerning its finest. king dollar up 0.1%. meanwhile europe pretty flat for you want to watch is commodities. a high on oil. trading in the united states is up. saudi arabia over the weekend record amounts of crude. all about 10 mi

caroline hyde has the details. so they came in at the last minute but there is good reason for this deal. >> 244 times pharmacyclics net income last year. that is the biggest pharma deal of this year. they managed to come in in the last minute and barge johnson & johnson out of the way and snap up the company, but why? it is all about the drugs they produce. in particular pharmacyclics makes one that is so good for cancer patients because it avoids certain serious side effects when you're having chemotherapy. this is a stellar drug and analysts say this is one of the best-selling cancer drugs of all time. no wonder they were fighting so hard. already johnson & johnson have a deal to make this drug with arma cyclic's, they didn't go -- with pharmacyclics, they didn't go with her partner. nevertheless, it boosts abbvie's pipeline. >> this is one of the first mega deals of 2015. they have been knocking on locked doors. >> shy a was the deal -- door they have been desperately eating at but that deal got canceled becaus

with more, caroline hyde is here. is commerzbank in the firing line? ne: it could be up to $1.4 billion, at least $1.4 billion that it will have to pay. the justice department, the u.s. attorneys, the federal reserve, the manhattan district attorney's office, all these regulators and institutions want their pound of flesh from commerzbank. they feel they violated the united states sanctions laws. they feel they've done deals help to move money around for people based in iran, people based in sudan. these are blacklisted countries in the united states. it is the latest settlement from a global bank. it was only last year in june bnp paribas pleaded guilty to violating sanctions laws. it had to pay $8.9 billion on the back of that. i feel there's been a lot of these sanctions fines but at least 22 cases have been brought by the u.s. against financial institutions since 2009. anna: and this isn't the first time that commerzbank has been mentioned along these lines. caroline: exactly. clearly there are claims against them once again. they ran afoul of u.s.

here with more is caroline hyde. so, the first hurdle has been passed. recent decelerate? roline: first went through. first time in six tests. this has been going on since 2009. this is the first time all banks past initial test weathering what would be a nightmare scenario in the united states. house prices plunging by 25%, the stock market crashing by 60%. every be bank, five of which are european, all of them have passed the stress tests that they would manage to have the necessary capital buffer of 8%. so, they will be able to weather storm. they would see losses to the tune of $490 million, but still they would be able to keep on lending to the consumer. it's there they would feel the most pain, consumer lending. guy: this was the easy bit. what happens tuesday? caroline: this is why champagne should be on ice. next is to whether or not their capital plants get the thumbs up from the federal reserve. whether they can pay dividends whether they can do the vivax. give -- do the five x. -- the buybacks. the banks already know whether their plans are getting the thumbs up.

caroline hyde lives out of heathrow. what is changing at heathrow this morning? caroline: a plethora of airlines taking immediate action. they are moving ahead of the regulators and taking a leaf out of american airlines' and regulators' books. you must have two people in the cockpit at all times. regulators are already discussing the u.k. european and german regulators. you have had easyjetthe conversation on how this will go this weekend, how will people frame this tragedy in london? caroline: with the nervousness and soul-searching. ask yourself, what are airlines doing when it comes to assessing the pilots. in the german press, they announced digging deep into the personal life of the copilot, andreas lubitz. asking whether he had personal problems with his girlfriend. is that what drove him to the remarkable event? brendan: let me jump in. the german president has been way out ahead of this. -- the german press has been way out had of this. evidence that it was a little more than an argument with his girlfriend. he was being handled or there was evidence of s

for more, we're joined by caroline hyde. roline: they have got some big promises for investors, who have weathered the storm of last year. adidas, the worst-performing stock on that dax last year. now, they are promising big. they are promising 15% growth in profits over the next five years. 15% growth per year, francine. 30%-50% of net profits will be paid out as dividends and shareholders will be reaping the rewards of the one point 5 billion euros that they are handing back over several years. they also promised high single-digit growth in sales. they could reach up to 22 billion euros. then you get to the nitty-gritty . how are they going to do this? the whole project is called "creating the new." they are focusing on their three key brands. adidas, reebok, and the gulf maker tailor-made -- golf maker taylor made. they promised speed. they are going to quadruple the amount of products they sell online. they also are focusing on cities. they say urbanization is what is -- where it is at. l.a., new york, london, shanghai ,

let's get caroline hyde with the details. caroline: the equity markets followed suit and have awoken to the issue that the united states may be raising rates. it puts downward pressure on the united states. the biggest fall since january. emerging market stocks have been falling for nine straight days. the longest losing streak since september. yet, we are opening up .4% on the ftse 100. we are getting back some of the falls we saw yesterday. speculation is growing on whether the federal reserve will raise rates. there is divergence with the rest of the economies. you have china cutting rates and the ecb buying bonds. all of this is to inflate the global economy. you have the united states starting to rain back and increase interest rates. that is on every investor's mind, as is greece. we have the ecb and the imf to getting talks in brussels and creditors going over to athens tomorrow. let's have a look at the effect on the currency market. it was the first to react to the speculation on the reserve raising rates. -- the fede

caroline hyde is here to elaborate. they do these tests.uch curley burley is made -- much hurly burly is made. why do we care? >> they can whether a storm. stock market plummet by 63%. this is the kind of pain the u.s. reserve revels in. it makes each bank work out whether they can whether the storm. they can. they are more financially -- this is the first time since these tests have been run. they make these banks jump through hoops. it is getting better. there is four to $90 billion. -- there is $490 billion. >> if i am right, this is a quantitive estimate. there is part two of the drama. some people say part two is more interesting. what is next week about? >> thursday is when you have to wait until. that is when the reserve will say gay ornate. -- will say yeah they ornate. nay. if they are skirting near that requirement, they may not be able to. if they only managed to keep a percent in the coffers. last year, citigroup past -- citigroup passed. this is another issue. goldman sachs only had 6.1 in the capital buffer. >> skin of their t

we are looking at -- the open to caroline hyde. carolina by -- caroline: the 60th day of declines. greece could run out of cash by the end of the month. wednesday is when it they would start renegotiating. will they be able to strike a deal? it is dragging stocks lower. cac 40 up by 0.1%. interesting data from china. shares falling over there. showing to the extent of the rest of the world not really piling in chinese commodities anymore. record stretch of the clients. 36 months. consumer prices are on the up a little bit. maybe more domestic demand. outside, they are showing the rest of the world is not up to scratch to the united states. you said it, it is all about dollars to rent. the euro's weakness. interesting move. bond buying still going. it is all about u.s. to read in anticipation of a rate hike -- stress in anticipation of a rate hike. interesting story with the kiwi. the new zealand dollar. all the related to a baby formula. risks threat to poisoning of baby milk. new zealand is the number one derry supply in the world and dairy exporter, is reputation at risk. really

caroline hyde is there. she is. the newsroom is this -- she is sitting between two thorns. caroline: blooming roses. manus: mark barton can speak for himself. it is a space. mark: try getting up at 3 a.m.. i get here at 3:00. caroline: salt on the wounds. mark: it is budget day in the u.k. there will be good news. we will find out more after the break. caroline: welcome back. the u.k. chancellor will unveil his last budget until voters go to the paleoll. we look at what to expect. ♪ >> george osborne's plan is cutting public spending. if he now suddenly backtracks before the election, it will be the damage. the good news is the collapse of the price of oil. this will traces way to the economic forecast. it will lower inflation boost income and lift recovery. the benefit of low inflation could add up to as much as maybe 4 billion pounds. if he is saving, the temptation will be giving pre-election giveaways. you hear lots of things in the press about the budget. the truth is they may not even know themselves until ver

anna: caroline hyde, the latest on apple.ary-general said the crude oil will balance out for the second half of busy year after a glut of 2 billion barrels of oil a day have sent the price plunging. he maintains opec will not cut production because of the rise of shell output. an report by malaysian a safety investigations team gave if answers to questions surrounding flight m h 370 which went missing one year ago yesterday. they found one unusual data. it is unclear whether that hampered search efforts. families held vigils and protest. a russian court indicted five men in connection of the murder of opposition leader boris ne mtsov. one admitted a role. it is one week after nemtsov's murder prompted protests. denied a role in allegations of corruption. they allegedly took kickbacks. the top court does not have authority to probe brazilian president who said brazil is learning from the scandal. president: with some pain brazil has learned to practice social justice and apply the hand -- that is what has been happening in inv

with us is caroline hyde. the company's valuation. we can talk about what it is. ll it a monster value wage. caroline: less than a year, almost all. it was valuing itself at $5 billion 2014. less than 10 months, $11 billion. it is going hard and fast for scrapbooking site basically pretty you can pin images you like. jonathan: i do not get it. i have never been on the website i do not know what it looks like. caroline: i am an addict. probably cause i have a house and i have declaration. that is where it starts. you can pin pictures. overall, dug around your house and your wedding cake and your holiday plans -- decca rating your house and your wedding cake in your holiday plans for you can pin it -- decorating your house and your wedding cake and your holiday plans. you can pin it. they have 17 million active users in the u.s. we do not have international numbers. they are scaling up. they have a line of investors. horowitz, a japanese company. jonathan: what do they want to use the money for? that is the big question. we do not have a clear read. caroline: it is r

i am mark barton. >> i am caroline hyde. mark: hanoi speaks to us. roline: the decisive a week for greece. how many times have we said that? alexis tsipras begins at this week when it a visit to -- with a visit to angela merkel. it is the fifth meeting. let's head out to berlin. international correspondent homes and nichols for details. hence, what we expect for take number two? hans: there will be red carpet. that much we know. being rolled out by the germans. merkel, at least last week, try to downplay and death and expectations saying -- dampen expectations and say the greek debt was the main point of the conversation. the greeks said, the second to get to know you will take place without the threat, the pressure of negotiations. privately, greek press are reporting that mr. tsipras plans to bring gulf the privatization plan and then the issue of how long greeks can remain. how much time do they actually have when are their payments going to start coming to do. there is a report in the financial times alexis tsipras wrote last week they cannot meet

i am manus cranny and caroline hyde. roline: coming up the stock exchange's biggest shareholder is selling its stake, the multibillion-dollar deal after the break caroline: welcome back we're getting some breaking news from adidas. their longtime strategy plan to 2020, the third time the chief executive has been trying to set a long-term goal without having to reassess them. we are getting the fact that they set their sights on that income so profit rising at 15% per year on average. that is hefty double-digit growth. when it comes to ethics neutral foreign-currency sales, they want high single-digit rates of growth per year, so clearly they have to be looking for cost savings, high-end products, they say e-commerce will be where it is at, 2 billion euros by 2020 is what they want targets for online sales, and the shareholder program of up to 1.5 billion euros on a multiyear basis to continue so clearly dividends are also a focus, they say the payout ratio is going to be 30% to 50% in terms of dividend payout clearly this

let's get to caroline hyde. what do the results show? new chief executive coming to the helmet and taking some tough action to turn the company around. shareholders driving the stock higher. let's look at the deal that was scrapped yesterday. it was the number three rival in france. they wanted to merge it. some problems arose. it was agreed last year. it seems to be about regulation. how would they get through the analysis? would they have to sell off some of their shock? this would be jeopardizing -- maybe back out of the deal. let's look at the challenges. she has managed to steal -- to steer away from the deal. clearly concerns in the french housing market. in the u.k., discount is coming in. this is what many of the analysts are trying to flag. euro weakness, you bring it home , the best banging on your bottom line. take a look at what the numbers showed us today. we are seeing sales falling. these are the big moves being made. they are closing about 60 outlets of b&q. she is trying to redeployed people she hired into new branches. t

let's get the caroline hyde. eck in. 12 seconds into the open and we are looking at stocks to gain a little bit. the ftse up 0.2%. france falling a little bit. the stoxx 600 7.5 year high. that is where we closed yesterday. there is room to go further, so says wayne bowers. he is head of investment ceo of the european element. almost $1 trillion of cash to

caroline hyde joins us with more. >> it was a sizable deal that unraveled. the third biggest rival they had in france. kingfisher wanted to tie them together. in particular, how would they? they worried this would lead to a number of closures. they felt it would jeopardize the interests. it breeds a side of relief and france was a challenge. look at the challenge. taking the helm, ian cheshire. she faces a sluggish housing market. she knows the market intimately. the purchases are lower. the sluggish france in the housing markets. the likes of barclays are under pressure and you look at the numbers on the weakness in the euro hurting the bottom line being brought back and inserted. that weakness is not changing anytime soon. in terms of currency headwind, and we saw the hit. interesting, we see the chief executive's making sharp decisions and closing the underperforming european stores. the wider reorganization is still to come. we have seen it the ceo and the shares are up. the profits are in line. the capital returns. anna: we're taking a short break. we a

i am ryan cho killed -- ryan chilcote, this is caroline hyde. caroline: apparently it is national puppy day-to-day. i don't know if i can respond to your barrages on puppies. ryan: special shout out to mark barton who is out today. an exciting event we will tell you more about once we know more ourselves. mark will be out and caroline and i have the honor of joining you today. caroline: stay with "countdown," because in under an our we will be speaking with natalie your mesko -- natalie yuuresko, sitting head-to-head with her. stay tuned. ♪ >> it may certainly have an affect and delay the raising of interest rates, but it is liable to come and it will have an effect on the less developed world that has a lot of debt. caroline: that was hedge fund billionaire george soros talking about the impact of the dollar on any potential fed rate hike. the economy shows signs of easing this year and that could be china where the manufacturing gauge fell to and from 11 month low in march. let's bring in brandon brown. obviously, the impact of eventual rate ri

let's get the details from caroline hyde. line: $40 billion, the biggest deal since glencore in 2012 p 11 months in the making and they see a compromise in the 11th hour. problems about the financials and about the management when it came to lafarge and holcim tying up to create the biggest cement maker. the first part has to do with finances. holcim wanted the deal sweetened. they felt it should not be one for one in terms of share ratios. their share ratios should get more -- their shareholders should get more. for every nine holcim shares you get 10 lafarge shares and vice versa. they also get their way when it comes to management. they thought that the chief executive of lafarge was not the right man to steer the unit. he is to play a key role, cochairman. they are still looking for the candidate. it will be a lafarge canada and the person has been identified. it is trying to work out when. this is a $40 billion deal across the board. a battle to find this compromise. all of that is surrounding brunello bruno lafond's capa

twitter, that is where you will find us, tell us what you think of the show, caroline is that caroline hydeoline: janet yellen has lost her patients, what does that mean for a rate hike. caroline: let's talk about the fed moves, the statement that came out yesterday roger is here to help us look through u.s.-u.k. economics as well as europe. let's pick up with the federal reserve, out goes patients. is this sort of a fact that basically they don't have much control over what the rest of the world is doing so they have to try to calm everyone's excitement. roger: i think they are just nervous. you have for member when rates go up it will be the first time for a decade. i remember in the nerve -- early 90's it wasn't even a surprise rate hike in the markets went into panic. i think they are being overly nervous but they clearly are anxious they're saying we are going to raise rates soon but maybe not that soon. they really want to indicate to the markets that they are going to take this cautiously and they do not want the market to panic. mark: they have come down for the year closer to the m

let's get caroline hyde with the details. arkets followed suit and have awoken to the issue that the united states may be raising rates. it puts downward pressure on the united states. the biggest fall since january. emerging market stocks have been falling for nine straight days. the longest losing streak since september. yet, we are opening up .4% on the ftse 100. we are getting back some of the falls we saw yesterday. speculation is growing on whether the federal reserve will raise rates.

caroline hyde on the drug sector. >> $56 to buy a prime filet mignon.on, $210 to buy every by state. imam by you could go to prison for -- in umbmumbai, you could go to prison for five years. nowhere is it more expensive than in mumbai. >> chinese loses millionaire spewed the wealthiest are tempted overseas. 76,000 chinese millionaires immigrated or took on other citizenship in the 10 years since 2013. amazing numbers. "countdown" continues. ♪\ . . >> european central bank officials meet for the first time since quantitative easing was announced. >> the office is investigating liquidity options at the bank of england. >> china sets its lowest growth targets in more than 15 years. live in beijing as lawmakers gather. >> a deal that values the drugmaker at $21 billion. the mega m and a in the pharma industry. welcome to "countdown." >> i am anna edwards. welcome to the second hour. another bloomberg exclusive. we will speak to the ceo of j.crew as they open the first boutique in the country. >> awaiting news from allied irish banks. until the earnings cro

let's get the caroline hyde for your market open. likely to end the week on a high note. this will be your sixth straight week of gains on the stoxx 600. ftse up. similar moves and france. this is the longest winning streak for european stocks since june. all of this on the back of ecb action. we are seeing basically the concern about a rate hike in the united states not

caroline hyde joins us now.gh the three edges. -- talk us through the three edges. >> yesterday samsung stole the show. everyone is wearing these neon wristbands as they watched not one but two phones be unveiled. if we're talking style and substance, style has got it. it is no longer plastic. that makes it look more high-end. it comes in an array of colors. it does look very beautiful. this is where it gets interesting. they have to up the ante with a faster ross us. they have faster, brighter cameras. the have better batteries. clearly they are focusing on batteries you can wirelessly connect. the battery cannot separate from the phone that is built in. they are trying to up the ante. they are going for the mobile wallet. we spoke to the vice president about this. have a listen. >> they are very interesting. it will combine three technologies. when we launched in the u.s. and south korea it is a technology we have been using for a long time, over 10 years. with these three technologies combined, we can cause 9

caroline hyde has been following the steel every step of the way. roline: it was the 11th hour and it has been the 11th month since they first came to this deal. $40 billion back in april of 2014 is when they first struck it. suddenly problems getting in the way about financial and wanting to rearrange because they helped -- they thought perhaps lafarge was getting too good of a deal. i want to dig into this deal. the biggest since 2012, since extraordinaire and glencore came together. -- xstrada and glencore came together. initially they were agreeing to 1:1. not anymore because wholesome has been outperforming. there we have it. 0.9 wholesome shares holcim -- -- 0.9 holcim shares. bruno lafond was meant to lead the combined units, but suddenly there seem to be a personality clash. the two chief executives didn't seem to be able to get on. they didn't seem to be able to show that -- he is a larger-than-life character. he is chewing gum much louder holcim than the -- than the holcim chief executive. he will be cochairman with the holcim chairman. tog

caroline hyde is here. caroline: a bit of m&a is leading the charge.he swiss company paying 2.6 billion euros to get hands on the italian rivals. investors like where this is taking the country -- happening. they will dominate a quarter of the market. they are buying a 51% stake in will go out to tender for the rest of the shares. clearly, investors liking that top performance sales. also liking what is happening in spain. managing to offload some risk year loans and get a quarter of a billion euros from pimco. pimco is the buyer of real estate developer loans. that is according to the spanish press. they take 30 to 40% of the nominal value. but the real estate debt is as of yet unpaid. meanwhile, they do not like what is happening with lafarge. this is a merger on the cards to create the world's biggest cement company. we thought they managed to agree on the terms changing the management in the future and financial terms, the problem is one of lafarge 's key shareholders does not like the deal. so polson's second-biggest shareholder says they do not l

caroline hyde is standing by with a special guest.r to you. >> thank you very much i am joined by the president. they are at 2000 exhibitors. how do you stand out? >> this is the new model we just launched. i think it's a great example of what we stand for, which is about offering premium value. our overall platform is about offering great choice for consumers. it delivers on both of those things. a lot of the features we initially developed for our high-end phone. we offer great software features. the equivalent of 150 u.s.. >> that is a pretty cheap price point point relevant to other competitors. who is the target? in the developed world, you think everyone has a smart phone, but they don't. >> there is a huge opportunity. there are about 5 billion people around the world that don't have a smart phone. they have never been part of the smartphone revolution. it's our view it's really important to get great market to those people. >> what countries may be dominant where you see the most pick up? >> we have grown over 400%. we went ab

caroline hyde is there. i am hearing a variety of reports of people saying that it wasn't as inspiring as some had thought. what was your take? caroline: i think, what was fascinating was his overall confidence being exuded yesterday. he is willing to work with some of his key competitors to fulfill his goal of the internet for all to the two thirds of the world that aren't on the internet so far. they aren't in and access area -- aren't in an accessible area. what many got excited about was the fact that he is willing to really push forward with google. have a listen. zuckerberg: one of the apps that we lost with was google search -- we launched with was google search, because it is an important piece of functionality that people want across the world. caroline: many people see this as a desire to do good. for people to be informed in latin america. google, wikipedia, some other key competitors in the internet space are useful. but that seemed to be one thing that was really focused on. also focused on was t

anna: here to help with the headlines caroline hyde. good morning. talk about the costs. for a range. >> you could cough up $17,000 if you are going for the high-end edition. it has modern gold. $17,000. you are on par with the high-end devices. they show it off and christy talley ctellington. they are selling the device in high-end areas of paris. in down the re-left eye at -- in gallery leftaffayette, they are going for high-end watches at the sports watch will be open him. -- will be aluminum. it will be in the $500-$1000 mark. the high-end is the standout price point. when you can get your hands on it is the 10. it is initially the u.s. and the u.k.. they goes on sale in hong kong and japan. nine key countries. mark: we need one of these things on our wrist. >> they have the tablet and they make a wearable. they make it ubiquitous. why do we want to replace the watch? there are some who do not want to use it. with the apple watch, you do not need a phone out. it makes your life more efficient. you can take calls on it. you can pay for goods. you can walk into a store

caroline hyde this year with more. caroline: it is quality, this time, not quantity.t week all of the banks, all 31 passed in terms of when you stress them with scenarios such as 60% drop in share prices. they all whether that particular economic storm. they were strong enough to survive. when you get into quality this is where the banks started to fall over. the two that failed were our side of the atlantic. it was deutsche bank and second there -- santander. deutsche bank was labeled with significant deficiencies across risk identification, the measurement, and aggregation processes. santander had deficiencies in terms of capital planning practices. they are not led to give out dividends and do share buybacks. bank of america merrill lynch slightly tripped over. they got a bit of a rap on the knuckles. they have to resubmit. the rest of the banks all did well. francine: what are the next steps for the banks who did not do so well? caroline: they are already promising changes. they are going to make meaningful changes at santander. they're going to address qualitativ

caroline hyde is there for us. she joins us now. airline, over to you. roline: thanks very much, guy. me and the 90,000 others in barcelona are pleased to say i'm now joined by simon, chief executive of arm holdings, which is designing the chips. they are in about 90% of smartphones. all these connected devices we have. it was a sense of how your first quarter was. you had royalty revenues. q1, strong? guest: we are still in it. the business is developing, but we've brought momentum into this year. a very strong pipeline of sales opportunities. so far, so good. caroline: give us a sense of whether the demand -- you saw samsung's latest development yesterday. we want more powerful phones. how are you staying a step ahead in terms of design to ensure the capability is there? guest: it is all about constant innovation. a few weeks ago, we launched a new high-performance processor which we expect to see in phones next year. that product has come about through close collaboration between us and our partners many of whom are trying to innovate to stay ahead, ha

let's get some traction on this deal with caroline hyde. it seems like a complicated number.uest: 15 euros per share. that values them at 7 billion euros. it is complicated. chemchina is looking to buy the majority holding. that is 26%. they are going to buy 26% of the rally -- pirelli. they want to spend up to 7 billion euros. they may want to get skin in the game. one of the men is the chief executive of pirelli. he will probably remain as chief executive. he can reinvest in the country -- company. whatever happens, they are getting in there and taking the 26% stake. we understand the cap he will be taken private for at least four years. why do they want chemchina behind them? they already have stake in tires. they could double the volume in the truck tires business. thereir competition is michelin. they want to be able to reclaim some of that market share with the backing of china. this deal is one of the most substantial we have seen from a chinese company into italy. it is potentially 7 billion euros. this is a historical moment p forirelli. they are going private for at

let's get some stock-specific stories with caroline hyde. what are you watching? ne: i'm going greece and travel. we are looking pretty strong for the first half of the year. we are on track to improve results year on year. shares up some 2.5% on the back of that. the travel company said the confidence of delivering full-year underlying operating profit growth 10%-15% is looking pretty rosy. they say they are pretty much sold out at higher average selling prices. meanwhile, they say bookings are up about 1%. average prices once again climbing. they were up 12% in terms of bookings. let's look at a u.k. stock. bellway climbing, up 4.5%. they are reading the rewards of the price increase we've seen in housing. first-half profit up 19%. gross profit up 41%. sales rising profit rising. they are completing more homes. the order book is looking healthy. they are building a land bank as well. they've got cash to splash. they are having 25 pence per share in terms of a dividend. once again, property prices in the u.k. helping those builders. meanwhile, accor on the downsid

needs to convince us why we want one of these read there to help us through that speculation is caroline hydee we so excited about this? >> we have been teased with the details so far. we know there will be three models. there will be a high-end luxury addition and a sport model. they will be made of rose gold. gold twice as strong as other gold. the gold molecules are close together. we get customizable faces. there is a touchscreen it. there is so much left to understand. we know the starting price, everyone is going to go berserk with how expensive they could get. some say they could cost up to $20,000 if you are getting the 18 caret gold one. that's not as much as a row locks -- rolex. the price is going to get exciting. we understand it has been promised to last an entire day. we will have to charge this every night. is that what people will want to be doing? where is the battery life going? we will know more details. we want to know about the apps behind the watch. this is what is going to help sell it. tim cook is saying he wants car doors to be opened with the apple watch. bmw develop

jonathan: thank you very much, caroline hyde. we're going to talk nigeria's crude addiction. a day away from saturday's presidential election in high in year jeeria. it is expected to be a -- in nigeria. it is expected to be a tight race. great to have you with us this morning. what can you tell us about the two candidates? >> it really is expected to be a tight race this time around. let me take you tow the two candidates. the main candidates are incumbent president good luck jonathan. jonathan is 57 years old. he is the nigerian president for the last five years. during his time in office he has been credited for privatizing nigeria's sector. he has been criticized for failing to put an end to insurgency by bokeo har a.m. the poupt came to power in 1983 following a military coup. he ruled for about a year and a half. he is predominantly from the north. many nigerians remember his time in power for brutality and a clampdown on freedom of speech and many politicians were jailed during that time. this is his second time running against good luck jonathan. many observers feel h

guy: caroline hyde, thank you. a decacorn. a horse with lots of spikes on its head. for our u.s. viewers. whatever we got coming up? tom keene and his team. for this side of the atlantic, we are joined by the ferragamo ceo. michele norsa is coming up on "the pulse." ♪ >> this is bloomberg "surveillance." tom: oil continues in search of a bid. can janet yellen ignore signals of a global oil patch? polls open in europe. is unity government the future? it's st. patrick's day. brendan greeley is at a bar. top of the morning to you. this is bloomberg "surveillance. that was my irish accent. brendan: was that romanian? what was that? tom: joining me, olivia sterns. brendan greeley, i wore a green bow tie. olivia: i wore celtic. brendan: i have a green tie i forget to wear. tom: i am sort of from ireland but mostly wales. olivia: israel the voters are casting ballots in an election that is too close to call. benjamin netanyahu's likud party is trailing isaac

caroline hyde joins us with more. you've got more on the attempt to salvage the deal. to be looking more positive. caroline: it really is coming down to the wire. we understand there are 11th hour talks. they are desperate to iron out these problems that have arisen since they agreed that deal back in april of last year. it looked like they had crossed all the t's, dotted all the i's and this was deal was going to go through. suddenly, they have difficulties. basically holcim has been performing far better than lafarge. they want a sweeter deal. we understand that in the background, they've been agreeing to change the 1-1 share ratio to a 0.9-one share ratio. suddenly it is looking a little sweeter for holcim overall. also, leadership issues. bruno the font, the chief executive of lafarge, was meant to take the helm of the combined unit. suddenly, they weren't liking his leadership style. perhaps they didn't feel he would be able to push through the savings that they are promising their shareholders. perhaps his more abrupt tactics of smoking cigars and chewing gum are

here is more from caroline hyde. people in the car at pittall time -- in the cockpit at all times. caroline: they are taking a leaf out of their book. we are seeing regulator starting to try to understand whether they should be implement it in europe.t e the civil aviation authority in the u.k. is discussing with the european safety nations and whether they should implement this two people at all times in the cockpit. the german aviation association is also discussing. australia as well. but people have left ahead of the game.= monarch easyjet version thomas cook are leading the charge in terms of implementing these rules. there we can air shuttle and air berlina and air new zealand says they will put these plans in place. a number of irish carriers had already taken a leaf out of the u.s. book. air lingus already has this rule. and canada'as porter. these companies are getting head of the game while the search continues for the black box. francine: at the same time they are investigating the copilot. have they found

caroline hyde joins us now. where are we? caroline: we're down to the wire. are two companies that are desperately, for years this has been going on it was april 2014 that the deal was originally agreed. it was announced as if it's a fete accompli, they'd already done all their due diligence and the like, they had no problems with the fact that in terms of who was going to be taking the reins, what the financials were going to look like, until it started to unraffle. and suddenly we're looking at a battle now that's going on between the two boards, really to try to find a compromise. it looks like we're getting near one. we understand, according to people familiar, that they have managed to agree on a new financial structure, so that basically holcim gets a sweetened deal because the cement maker in switzerland has done far better in terms of sales and profitability than lafarge has in the past year. they want that reflected. instead of a one for one sale, they want 9.1 to one of lafarge. so a sweetener to the deal in that respect. it seems to come down to pe

we will have more on that program with caroline hyde. ♪ francine: welcome back.it suisse continues to trade higher this morning. a new ceo was announced yesterday. guy: at the press conference in zÜrich manus cranny was in the front row and had the opportunity to sit down with the outgoing ceo, brady dougan one-on-one. give us your sense of the occasion. hans:manus: very well orchestrated. this was in conjunction with the chairman. it started last autumn. in many ways brady dougan is handing the new ceo low hanging fruit. i suppose the rap sheet and the guilty verdict from last year, but this is a man that started the work. hit london, new york, tokyo, equities bonds -- they were all part of his career. did he have any fun along the way? brady dougan: certainly, as you get into larger and marge are -- larger management positions, it becomes less fun. running smaller businesses and having a close relationship with everybody who works in the business and growing and building businesses that is always in my career where i had the most fun, building businesses. creat

here with more is caroline hyde. the valuation is growing. what did you call it? heard it called online scrapbooking. caroline: exactly. if you are decorating your house, it is a mild obsession. mark: we are all looking at it. manus: we went to my pinterest. i have to say it is inspirational. you go into it and it is a volume of images. caroline: it is not just decorating your house. anything and everything. you can put it on a board and save it. it is 11 billion dollars, doubling the valuation in less than 12 months. it raised money at $5 billion. it is on the scale. they are on the hunt for a little bit more cash. it is new and existing investors for series g, as it is known. manus: the half 15 investors lined up. -- they have 15 investors lined up. what will they use it for? caroline: how do you make revenue from this company? they have not been building out advertising. they started to. they were beta testing. you can see promoted pins. you will see certain tweets pushed toward you that are sponsored. similar things will happen with pictures. bring that intern

i'm caroline hyde. i'm manus cranny. >> coming up, another deal deadlock. diplomats gave differing accounts on what is needed to reach an agreement before the self-imposed deadline. >> campaigning for the u.k. general elections officially kicks off today. prime minister david cameron is expect it to visit the queen of buckingham palace. anna edwards has the story. really it begins without pomp -- with the pomp ceremony. >> yes. the official start. the official start of campaigning. this is in the financial times. this is the advert the labour party has taken out. the threat of an eu exit. really trying to rehabilitate the image of the labour party with the business community on capping energy prices. there is some work to be done to rehabilitate the image. beyond that, we have that other details to show you what we're going to hear a little bit later on. a vote on the eu would be a recipe for two years of uncertainty here there is the europe focus. that could play well with some at least. there are many voices within the community who don't want to see a re

caroline: welcome to "c ountdown," i am caroline hyde. why he backs the takeover did. -- bid. manus: airlines are adapting new rules in the wake of the german wings crash. caroline. : the french prosecutor suggested the pilot was locked out of the cockpit. manus: under the regulations already in place, a commercial pilot cannot be left alone in the cockpit. easyjet, air canada and norwegian air are among the carriers confirming they will amend their procedures. caroline: it's go to bloomberg's aviation correspondent. tell us more about this to any cockpit rule that resides in the u.s. >> after 9/11, there were so many rules about 9/11 and they made a firm rule anytime one pilot stepped out, a flight attendant had to step in to make sure they were two people in the cockpit. part of that were if the first were to fall sick, the flight attendant could warn the other. it is not just about terrorism. in europe, the lots are different. it is left to each country and airline in europe to decide how they want to handle it. we have a few airlines saying we are going to have two people i

im caroline hyde. >> let's bring you some of those numbers. >> pretax profit is 158.9 million pounds.for the first half. the gross margin is when 3.5%. operating margin of -- 23.5%. challenges for the housing market are very obvious. we are going to get mortgage lending a little later. over one point one billion pounds. operating margins cracking along in the first half. a dividend of 25 pence. what have you got? caroline: this is the infrastructure player. it's about power. this is a company that had a torrid time of it. they have lost the chief executive, both stepping down last year. they struggled with mismanaged projects, lack of demand, and rejected takeover targets. we are looking to see what the overall numbers are. revenue underlying it hundred 44 million pounds overall. they say pretax loss was 80 million pounds. that is more than had been expected. this is because of provisions. many had been expecting we would see an increase in provisions relating to construction. they brought in analysis, trying to bring -- to dig into what has been going wrong in the construction unit.