continental europe. the showtime brand is starting to mean something.o rather than selling our shows in a one-off way, billions is over here and dexter is over there -- we put them all together, same network and it makes a big difference. it is a factor of five and 10 times what were making. he ability tobout t sell streaming service independently? david: we haven't done it yet. there is such interest in premium programming right now that we made a decision in the big territories to sell. but we will see what happens. emily: what about china? this is a question that netflix is being asked all the time? david: go figure, i think billions has a real potential in china. there are conversations going on and i'm hopeful that billions gets a real deal in china that will be potentially the biggest deal ever. in china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it in there for pennies and now, there is a real real interest. it is the first major sale we have made in china. it is significant. emily: can you w

i think once these weapons have ,ome into continental europe allowing free access of goods there is also the correlating fact that they are allowing criminals and freely as to move well. i think maybe this is something the authorities will be looking at how they can control in the future. host: indeed, another measure that has been talked about today and talked about many other times before is passenger name authorities can track who is getting on airplanes and where they are going, what they are doing. the french prime minister brought up this issue once again today. ofyou think the introduction passenger name records could help to prevent attacks? david: strangely enough, i was in brussels in june last year to about passenger record data. 2011u was looking at it in and last year, whether to such a diary. i think not just for aircraft passengers, you look at brussels , it's a great example at how -- of how it is a hub in europe. you have interstate rail travel. erries between member states. it's not just who is going to be the passenger. the looking at where were tickets purchased, how

you can see over 1% in declines on continental europe. despite some decent industrial production data out of germany this morning. sara? >> on a related note, hedge funds managed to score some small gains during the month of february. hedge fund research saying the average fund inched up about 0.5% last month after having dropped about 2.5% in january. global macro funds that bet on currencies, interest rates, and stocks led the gains, but then that was offset by losses from investors like bill ackman and barry rosenstein. >>> visium says it's being investigated over trading and valuation issues. the firm has $8 billion under management and is one of the largest hedge funds that focuses on health care stocks. reports say in a letter to clients that authorities are reviewing how it valued certain securities in a credit fund that was shut in 2013. >>> and junk bonds are staging a come back, reversing a sharp selloff at the beginning of the year. investors poured nearly $5 billion into junk bonds just last week, and that was the biggest infl

for the first time, we have an immigrant population, unlike the uk, the irish, and continental europe that have come to this country that are have an allegiance somewhere else. not to america. and we cannot deport 11 million illegals. we've got to secure the border within and we have to figure out what to do with the illegals in our country and you're right, bring them out of the shadows, that's a huge economic boost. >> and susie, isn't the reason that somebody like donald trump is so popular? because he'scommunities with imd yes, i think that donald stuff is raising all of those issues with his political incorrectness and touching accord, for sure. >> gary. >> well, there's really two issues, susie's on the one side talking about the illegality. that's a separate argument though. we're talking now about the economic impact and all the data and impact is zero. it might even be positive, as far as the deportation, the real reason immigrants are going back to mexico and the dominican vbl because our economy here stinks. they have better opportunities back there. i place that squarely o

for the first time, we have an immigrant population, unlike the uk, the irish, and continental europe that have come to this country that are have an allegiance somewhere else. not to america. and we cannot deport 11 million illegals. we've got to secure the border within and we have to figure out what to do with the illegals in our country and you're right, bring them out of the shadows, that's a huge economic boost. >> and susie, isn't the reason that somebody like donald trump is so popular? because he's speaking to it, a real economic problem? >> i think actually he's talking to the problems about national security and the rule of law. i think the first two issues that he goes right at that saying, do we have a border or not? let's talk about why some of the illegals who stay, why they stay. they sometimes use up to $24,000 of government services and pay in $10,000 in taxes. and some illegals do pay taxes, that's a 14,000 deficit that we caret burden of. these are all issues that people know when they live in the communities with immigrants, and yes, i think that donald stuff is r

continental europe. and the showtime brand is starting to mean something.rather than selling our shows in a one-off way, billions is over here and dexter is over there -- we put them all together, same network and it makes a big difference. it is a factor of five and 10 times what were making. emily: what about the ability to sell streaming service independently? david: we haven't done it yet. there is such interest in premium programming right now that we made a decision in the big territories to sell. but we will see what happens. emily: what about china? this is a question that netflix is being asked all the time. david: go figure, i think billions has a real potential in china. there are conversations going on and i'm hopeful that billions gets a real deal in china that will be potentially the biggest deal ever. in china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it in there for pennies and now, there is a real real interest. it is the first major sale we have made in china. it is significant. emily

britain as an island has advantages over continental europe. it is harder to smug guns and ammunition into this country. but are they more highly skilled or just luckier? >> page in london and the metropolitan areas, of course this could have been different, could have been aimed at another city across the u.c, that would have made things much more difficult. >> the british police are pleased they foiled this plot but also worried by yet more signs at how quickly disaffected young men could embrace an extreme ideology and plan to kill or spread fear on the streets of their own city. barnaby phillips, al jazeera, central court london. >>> informs have moved around palmyra to recapture the city from i.s.i.l,. >>> talks slow, syrian officials refuse to discuss the fate of president bashar al-assad. james bays reports from geneva. >> one of the most senior officials in the european union after a meeting with the head of the syrian government delegation in geneva. there was no pictures of the actual meeting between frederica mogherini and bashar al

correct me if i'm wrong here, but the reason we have the european war cemeteries is because continental europe was unable to contain its extremism in the 20th century. the growth of communism. we were able to help europe diminish the impact of its own folly twice in the last century to rewrite history in this way. many of us find it offensive. fine, let us stick to the arguments about trade and politics and those who want britain to remain in the eu. let them make the case for super nationalism. let them make the case that we should submerge our identities. i don't think super nationalism has a good track record. the last example i could think of was the soviet union and that did not and that will. what is happening in europe at the present time with tensions and tendencies, i think britain is better outside that for all the reasons i have given. >> let me pull on unity a little bit because a big question mark is issued decisions to leave the u.k. have implications for scotland perhaps initiating a second referendum? some have argued this is not about the eu. it is about the unity of the unite

and continental europe are so different. the u.k.heavy in everything and i'm pretty sure we are looking for earnings to fall again this year, whereas the closer you get to the core eurozone, earnings are not looking too bad. we suspect there is some upside risk to what analysts have at the moment. it is not a fantastic absolute outlook but for what it is worth, analysts look pessimistic. ,f you look on a global level earnings expectations are the lowest they have been in decades. mark: the ftse is one of the better performing european bosses. yes, it is down but it is pretty much flat on the year. the rebound has been led by those mining and energy stocks. does that tell us that you do not think this rebound in those sectors has legs? patrik: to be honest, we are fairly lukewarm on the outlook for commodity crisis as such. that is going to be pretty important for here and to be honest, the u.k. has a bit of a problem. we have the brexit referendum coming up and it is pretty difficult to predict how u.k. assets, perhaps other than ste

if you want the balance its meantime and potential, continental europe is still very attractive. it has been cheap for three or four years. but the reason it was cheap is going away. and that is when you lose the value. david: we of economic data about consumer spending. sentiment seems to be there is a lot of apprehension of the equities market. you have got converse, equities looking at economic data that is so-so. how do you process all of that in your capacity? >> that is i you break your neck, looking over your shoulders twice. the day, the consumer is also looking at the better job market, housing market. savings rates they have not seen for a while. but are not involuntary unplanned. the money trickled in when it did not go out the door. they cool the house, run the car. that is what gets people to spend. once the american consumer gets going, he or she is like a russian army. they are hard to stop, very powerful. he gets the consumer going. the animal spirits return. the fed has done what it set out to do all those years ago. lisa: what do you say to people that say funda

up 0.6% on continental europe. so we're following europe's positive market. >> speaking of europe, to today's trade of the day. investors are expecting the ecb president marco draghi to announce more stimulus tomorrow. is there a way to trade the central bank move? our data team looked at which securities historically perform well and which don't after draghi speaks about more monetary policy easing. turns out they found the germany and japan etf both rallied among others. the etfs that did poorly were energy and gold related. for more, go to cnbc.com and check out cnbc pro. >> just a slight rate cut, i think, would disappoint the market in terms of the amount of easing they're expecting. >> they're expecting more qe, right. >> we need to see an increase in the bond buying, possibly a tweak of what they're buying. >> that's the question. i've seen so many different bank notes on this. could they actually dip into the market and buy bank shares? >> i don't think they'll do that or buy bank bonds. some people are argu

more notably in continental europe, that's when you're offering guarantees and hoping to make a return. if interest rates are that much lower than the return you're guaranteeing, it's simply difficult to make that money. >> okay. gordon, thank you very much. european insurance sector strategist at rbc capital markets. >> let's look at volkswagen shares. the company is falling under pressure this morning after reports that the u.s. justice department has issued a subpoena to widen its probe into the diesel emissions scandal. this time the authorities are using a bank fraud law to investigate possible tax violations at the embattled automaker. here we have just another development, another law that the justice department is using to look into potential fraud over at volkswagen. really, this does not come as good news in a week that's seen additional legal headaches stack up for volkswagen. this will not be good news, especially at a time when volkswagen is trying to come to a settlement over that potential $46 billion fee they pay for environmental regulations. >> france has opened an in

the city of brussels has become the hub of isis terror in continental europe right now.ere are terrorists perhaps on the loose right now who can be planning other attacks. i asked a member of the intelligence committee if belgium was up to it and he said not currently. that's got to be frightening. >> yeah, it is frightening. i think the belgians are trying hard. i certainly gave them a shoutout on monday when they wrapped up the -- what we thought was the last guy connected to the paris bombing. oops, he wasn't the last guy. oops, they didn't predict and should have that the airport and subways were soft targets. there was an uptick in security i'm told in brussels over the weekend but not enough. belgium is a small country. 11 million people, nine intel agencies, three different languages and doing this alone makes no sense. europe does need to ramp up its cross europe intel capacity. we do have an intel representative in nato and that person is capable of helping to connect the dots across europe, but can't do it alone. so that's a worry. the other thing on this state

because we are part of the eu come we can easily access that business. 20% of business comes from continental europeit is a very important part of business for us. also, we have a lot of business in other parts of the world. the eu has trading agreements iwth 55 other markets and is in a great trade agreement -- of a great trade agreement with the u.s. it impact on our global business. we will do the opposi side of the case later on. can i ask you a negative rates? we were hearing over the last few days, there was an expectation we could see rates go lower in the eurozone. premiums that are invested, money that comes into the global markets are being affected by this. if we see low rates for a long time, how will that change things? two important aspects that feed into the profit of the lloyd's market. one is the investment side, the return of those premiums. with the alledge medic reduction and that in 2015 over the prior year. that was a massive hit. we are also seeing, because of the low yield people can access, we have capital coming in. the lloyd's market with still a very healthy return. an at

continental europe is going to have to do it. going to defer to your knowledge on modern europe and modern belgium. this is the single best thing i've seen so far. this is a wonderful op-ed off of "bloomberg view." i featured it on twitter today. "the institutions of an efficiently governed state have been evaporating for decades." the essay is fabulous. you've got to be kidding me. can they come to a successful solution here? >> that is the point i was making. belgium is an extreme. you have some developments in other parts of europe. you have separatist movements in spain. europe is made up of a whole confluence of countries that are still pretty new nationstates. many new nations, new states. britain and france are relatively rare. you of all sorts of faultlines within the european union that we disguised through a trading agreement that is not necessarily the frontline afoot governments have to worry about -- that governments have to worry about. france are relatively rare. you of all sorts of faultlines within the european u

from my understanding there is also many industrialized countries, continental europe in particular, have universities that are federally funded in ways that keep tuition very, very affordable. i know in some anglo countries that ship has changed quite a bit. i do not know the exact answer but it is possible the simple answer may explain a lot of it. ms. dynarski: there is another piece as well. post secondary system is the land of second chances and third chances. if you did not do well in high school, you can go to a community college. eventually you may be them to go to a university. germany, france there is restricted access to the universities, so based on how you are performing in middle school, you have to go to a high school that prepares you or does not prepare you for university and the same people going onto university is much, much lower. i was meeting along with other people from the higher education group and we went to england and we were talking to our counterparts there. their graduation rates were astoundingly high because they restrict the share of people who can g

seriously affected than others because we do not have a loss of operations on the mainland of continental europe not trying to be a very large trading house trading across europe. from our point of view, there is an issue with the irish bank that we have to be care about. there are some practical issues us. that, that would affect i think it is probably more of an issue for the banks who have a very large investment banking presence here, who are doing business across europe from a london base. that is true of -- tom: we are going to rip up the script for you today. we are thrilled to have stephen roach with us now. i am doing all sorts of charts showing then and now, and the answer is it is a dampened global economy. do you have any vision that that shifts, or would you advise sir howard that the terminal value or the terminal rate or the new potential gdp of the developed world is forever changed? stephen: far be it from me to shed great insight into a brilliant mind like howard davies, but i would argue that for ais the template world that is in the grips of a much, much weaker -- larry summe

group with paul degar and select others that at catholic university that actually understand continental europealism. what would happen to your england land in they left? meghnad: if we left? tom: yes. meghnad: i think we will have to re-invent ourselves back to the 1960's or 1970's, and try out a very different strategy than what we have done so far. i think it would be a very choppy ride, at least 10 years and maybe some of us would be prosperous. we have good power and culture and education and good arts. we got all those things. what we don't have is many valuables. but that's all right. tom: your book unfortunately doesn't go back to 1703. is this really a discussion about losing scotland? meghnad: i think scotland should now realize that the oil prices what it is is not worth going for it. but even so, england has been for a long time the hub of economic evolution. it can re-invint itself. but lit take time. francine: i think we have something from the telegraph from peter dom in each yak. euro skeptics will -- to take britain as the new, a view she has privately expressed that would ask

we just did australia, more to common continental europe. -- more to come in continental your.ws in , put-off way, here, there them all together, the same networks, it makes a big difference. five and 10or of times we are making in these countries. what about plans to sell the streaming service? >> we have not done it yet. we can. there is such interest in premium programming right now that we made the decision in the , but weitories to sell will see what happens when the deals are done. emily: what about china? >> i think "billions" has real potential in china. i'm hopeful that "billions" gets a real deal in china that is potentially our biggest deal ever. china is becoming a very real market for us, as recently as when we were selling "ray donovan", selling it for pennies, now there is real is thet and "billions" first major sale in china. it is significant. emily: ken netflix dominate without china? >> china has already been -- always been a terrible market for american television, piracy is so rampant. the movie studios figured out how to do some stuff in china , now they'r

from my understanding, there is also many industrialized countries, particularly in continental europe, have universities that are essentially federally funded in ways that keep tuition very, very affordable. though, i do know in some anglo shift hasthat this changed quite a bit. i do not know the exact answer , but it is possible the simple answer may explain a lot of it. ms. dynarski: there is another piece as well. the u.s.'s post secondary system is just the land of second chances and third chances. if you did not do well in high school, you can go to a community college. and maybe eventually, you will be able to go to a university. in germany and france, there is restricted access to the universities. so, based on how you are performing in middle school, you will go to a high school that prepares you or does not prepare you for university. and the share of people going to university is much lower. i was meeting, along with other the higherm education group and we went to england and we were talking to our counterparts there. their graduation rates were astoundingly high because th

this could change a lot of behaviors across all of continental europe. >> is written that code. this is just one little last night of this enclave in brussels that has really caused everybody to open their eyes. it is going to impact -- nobody's going to want to find two sections of europe and maybe all of europe and all over the world they are going to be very cautious about where they go, what they do and when they do it. this has to have leadership. it has to have leadership from the world to start this radical islamist extremism and the leadership, the core of the leadership for the united states of america. we had an individual who was trying to make a sequel to every country and we are better than everybody else. >> thank you, sir. >> my pleasure, thank you. neil: we're also getting word of a third on that authorities at the scene were able to defuse if we point out one was found at the train station, one at the airport. acclaimed 20 lives. this third bomb was reportedly found by security services at the airport. so the first one as you know was near the front of the airpo

you trace to england, and then there are civil code based laws that are the norm in most of continental europe, and they traced themselves to france and the napoleonic codes, and wouldn't you know it, louisiana is actually a code state and traces its legal tradition back to a completely different tradition. that may have made a difference when the cases were being litigated in the louisiana state court. but by the time they get to the , supreme court, that is really not going to come into play. what really comes into play is a -- if you look at the majority opinion and the dissenting opinion -- is something that continues to be one of the major themes of judicial review today. which is, how much do you look into what the framers of the 14th amendment were trying to do, and what was their intent? and, how much do you look at the plain language of what they passed? that is really the debate here. what campbell in his argument and the dissenters are saying is, look, these words and due process, equal protection, privileges or immunities. they do not say anything about recently freed slaves. they

grave concerns that the -- that the ambition of the islamic state extends way beyond striking continental europe be planning a strike on the u.k. esteemedstudied at the war studies program at king's college. how do suicide attacks fit into war? suicide attacks -- there used to be a few a year, one per month, one per week. frankly, it is almost daily now. tell us about suicide attacks. florian: i think the perception that this has changed to a great extent is a very european centric thing. suicide attacks have been happening on a day to day basis across the middle east and also some areas of pakistan for a number of years. what is changing is that we are seeing this more and more come to europe, and i think we are still at pains to understand what is behind it. this one particular cell that has developed in europe that is now carrying out these attacks, we're dealing with multiple cells. is it link to one organization like it's atomic state, or -- and this is still being considered -- is there potentially a push from other islamist militant groups, especially al qaeda, to say we are still relevan

correct me if i'm wrong here, but the reason we have the european war cemeteries is because continental europe was unable to contain its extremism in the 20th century. the growth of communism. we were able to help europe diminish the impact of its own folly twice in the last century to rewrite history in this way. many of us find it offensive. fine, let us stick to the arguments about trade and politics and those who want britain to remain in the eu. let them make the case for super nationalism. let them make the case that we should submerge our identities. i don't think super nationalism has a good track record. the last example i could think of was the soviet union and that did not and that will. -- that well. what is happening in europe at the present time with tensions and tendencies, i think britain is better outside that for all the reasons i have given. >> let me pull on unity a little bit because a big question mark is issued decisions to leave the u.k. have implications for scotland perhaps initiating a second referendum? some have argued this is not about the eu. it is about the unit

a debt crisis like we saw in the mortgage market or as we see in parts of continental europe or puerto rico is a very different animal. it is one where there is an immediate precipice upon whether will be some systemic change that will cause mass devastation very, very quickly. and the term bobble also connotes an economic term -- bubble -- that something will pop into very quick and dramatic. i do not think what we are seeing in student loan this one that's going to create rapid systemic risk, because there is really not close interconnectedness with big financial institutions that could reverberate through the economy. now, that being said, those are technical terms but there are many people in our country that it is a personal crisis for them that they cannot manage this debt. i will say i totally respect what sue has shared with the data, but i wonder are some of the borrowers who don't borrow very much but are in default, are they actually in debt on a lot of other instruments? did they finance their education in other ways that may not show up in the student loan data? so how i w

europe, a couple weeks ago, the european union going to visit -- but the reason we have that is continental europe contains its extremism in the 20th century going for fascism and in the cold war of communism. because britain is free and independent we helped europe diminish the impact twice in the 20th century, rewriting history, in this way, many of us find offensive. let's stick to arguments about trade and the politics and those who want britain to remain in the e.u. make the case for supernationalism and submerge our identities in a new european political identity. i don't think supernationalism has a great track record. the last example was the soviet union which did not end that well. what happened at europe at the present time is nationalist tendencies, and i think britain is better outside that. >> host: let me pull on unity. the decision to leave the uk, implications for scotland with a second referendum and some have argued this is not even about the e.u. but the unanimity of the united kingdom itself and you have strong connections and understanding of the politics. >> being scottish,

correct me if i'm wrong , here, but the reason we have the european war cemeteries is because continental europe unable to contain its extremism in the 20th century. and the growth of fascism, and later on in the cold war, of communism. you know, because britain we were helping to diminish the impact of folly. it's really rewriting history in this way. let's stick to the arguments about trade and the politics. those who want britain to remain in the eu, let them make the case for super nationalism and submerged our identities and a new pan-european identity. the last example i can think of was the soviet union and that did not end well. what is happening in the europe and the present time is a resurgence of these tendencies and tensions. i think britain is better outside of that. heather: let me pull on unity a little bit because shows the decision to leave the u.k. have important applications for scotland, perhaps initiating a second referendum? some have argued it's not about the eu but the united kingdom itself. obviously you have very strong connections in understanding of the politics. dr.

germany, italy, we just did australia, stan in continental europe.nd is starting to mean something. so rather than selling our shows in a one-off way, billions is over here and dexter is over there -- we put them all together on the same networks. it makes a big difference. it is a factor of five and 10 times what were making. emily: what about the ability to -- what about plans to sell streaming service independently? david: we haven't done it yet. we can. there is such interest in premium programming right now that we made a decision in the big territories to sell. we will see what happens. emily: what about china? this is a question that netflix is being asked all the time? david: go figure, i think billions has a real potential in china. there are conversations going on and i'm hopeful that billions gets a real deal in china that will be potentially the biggest deal ever. r -- for china. china is becoming a real market for us. as recently as when we were selling ray donovan, we sold it in there for pennies and now, there is a real real interest.

continental europe is spending more on defense. is unique and probably one of the best backdrops for defense spending probably in close to a decade because not only is the u.s. spending more on defense but most markets are and they are correlated. matt: a fascinating topic. we can get you back. thanks for joining us. epstein, director of defense research. david: we turn now to china. increased debt will be used to fuel growth even as growth slows. policymakers said they expect .dp for 2016 to fall we are joined by donald straszheim and jamie metzl is here on set. unfair but is this good news or bad news for investors? on the one hand they say we're going to do whatever it takes to grow. on the other hand they say we will borrow an increase fiscal deficit, our overall indebtedness. the 250% of gdp. at some point they have to pay the piper? donald: i'm sure at some point but first i would say 6.5 and a half percent -- 6.5% number is just not plausible. i'm sure they will report that. that theys report have achieved whatever target th

we are getting out of all retail banking in continental europe, which have sold our retail business inly and spain. in the process of selling our french business. we have gotten the investment bank out of all the emerging markets, we closed nine countries in january. expensive. very to close and sell these businesses. we have to get that non-core business behind us and 2016 and in early 2017 and in order to have the funding to do that, and have no constraints, we reduced our dividend for two years and when we come out of this process we will have the ability to pay very significant dividend going forward. erik: here is what some people do not understand, your core business generates 25 billion pounds a year in revenue and earns a pretax profit of almost $7 billion. you cannot tell me what you are going to earn on a pretax basis to years from now. why wouldn't you take the other side -- if we are talking about not that much money, why would we say we are not going to cut the dividend and we are going to love,in, maybe not the but the support of our ,hareholders and, if i am wrong by one

that might be a little bit of an opportunity because you have valuations that look like continental europe. >> one of the big worries, the jnk, you look at that etf, that's come back. or commodities, all of those worries of sort of impending doom. >> i think that's the whole point. people are nervous. >> not as much as they were, right? >> i don't know about that. do people seem happy to you. we have low oil prices that should be a dividend for everyone. people should be thrilled. people are nervous about it. that's the whole purpose of the fed broadening that. fed is our friend, so walking us along here. >> we've got to go. i'm just noveling at -- look at that knot, andrew, could you in your wildest dreams tie a tie like that. >> i made it tighter this time. >> i can't see the shirt on either side. it's almost -- it's a full windsor, right? >> full windsor. even the euro guys that we have on, it's like a baby -- it's like the size of a baby assess fist. >> it's a bullish signal for stock market. >> a bullish signal, wider knot correlated with s&p. >> i don't tie the full windsor but then

just not nations like israel that live under this constant fear of attack, it is anywhere on continental europe. maria: do you see anything from this attack that we can glean from in terms of what happens next? yesterday with the captured terrorist mastermind salah abdelslam, it is clear he told authorities more actions would come, attacks were on the horizon and today we hear the belgian prime minister say today is a black day for belgium, what we feared has happened. >> looking beyond classified reports isis has recruited 6000 westerners, 70,000 fighters in the middle east, 6000 of those from germany, france, the uk, the united states. we have confirmation from european security authorities they estimate 5000 european fighters have come back to the continent and in many cases these are people who have gone to the ghettos, those areas where they have freedom of movement. this individual they just apprehended this week was hiding in the heart of the capital of europe, in belgium, in brussels, for four months, just around the corner. maria: these areas that are incredibly dangerous throughout eu

when you look at what's going on in continental europe, how worried are you right now about the risestupid to be complacent, but if you're implying a link back to the 1930s, i don't think that's the right prism to see things. when a far right party gets 15% of the vote in germany regional elections, you take that seriously. when a french politician is on 25% in france, you take it seriously. >> you agree it's enough to be taken seriously. >> look at what's happening in greece. the golden dawn. >> the right prism is not the rise of a global fascist movement. it should be really taken seriously. and the key is, the parties of center right and center left have got to update their politics and their policies, in the same way that center right and center left here have got to do the same. >> what is the european assessment of our election right now? you talk to people, what is the conversation -- i want to know. the diplomatic version or -- >> give us the -- don't be polite. >> people are shaking their heads, because they were told there's no way donald trump can become the republican nom

no doubt belgium and much of continental europe have a challenge. elements of these communities, small elements of these communities are involved in crime, they are also the same communities that sometimes tragically provide the recruits for terrorists. which means the criminal networks can be used to transport the people, the money, the simple technology that's need in the preparation for these sort of attacks. it sort of compounds itself. whereas in cities doing better sometimes they are doing better partly by good luck. because sometimes the criminal organizations are distinct from the would be terrorist groups and that makes it harder for terrorists. >> michael thank you for your time this morning. >> my pleasure. >> we do have breaking news. deadly explosions rock the airport and subway in brussels. the early morning blast reigniting terror fears. markets seeing flight to safety. >>> futures right now, we just checked a few minutes ago. not much have changed. 46 points in this country. kind of interesting to look at the s&p today. you don't see

quarter of 2015, we see a continuation of the modest growth, a difference from continental continent. we haveart with europealways said france would be the last to recover, and that is exactly what we have seen. besides france, we see a very good traction in the southern european countries -- italy, spain -- countries which have taken really drastic measures during the recession, and we see now ther results of these measures. france has a long way to go. and we see a more mature market in the cycle, u.k. with six years of positive gdp, modest growth. germany also in good figures, modest growth. then if you go to north america, there is also adequate growth for more than five years. we see in the usa continuation of that. francine: talk to me about the relationship you have with industry groups. hasn't changed? we talk about positivity puzzle, a lot of companies wanting more flexible workers. in a period of downturn or uncertainty, do certain industry groups such as construction come to you for temporary workers more than when things are booming? >> we have two types of patterns. if you are in a terminal of

largest us air carriers, american airlines, delta, and united continental, make up 12% of their revenue from transatlantic travel. if not to europe this summer, where will people look to vacation? >> it depends how long this days in the news cycle. there is pent-up demand to go to cuba. some people may decide to turn in word or a little south of the border than going to europe if we see this in the news cycle. gerri: we will keep an eye on the story as people solidify their summer plans. lauren: thank you very much. now for the latest on the brussels terror attacks we bring in john huddy live in brussels covering this minute to minute. latest developments please. >> there were raids in which people arrested six people in connection with what is going on in tuesday's attacks, two of the people arrested in the neighborhood of chad, one of the suburbs in brussels, it is a normal-looking day, nice neighborhood, beautiful apartment buildings and that has been the case, the suspect had been in neighborhoods like this and last night police use the flash bang to get into one of the apartments at as we have been seeing since tuesday, not

europe. the continental europeans are overwhelmed right now in terms of their ability to keep up with the sheererrorists coming -- or terrorists who participate in training with isis in the middle east and then come back to carry out these attacks. >> mr. chairman it was revealed by belgium authorities they are seeking a second suspect from the brussels metro bombing. what, if anything, are you hearing about this person? >> i haven't heard a lot about this individual. i think the bomber najim the bomber who, obviously, is now dead who carried out the bomb attacks in the first paris attack, he clearly committed suicide here in this last attack. but in terms of the ability to keep up with these individuals, here's the problem, wolf. the strategy should be to have a comprehensive strategy and deploy it to defeat isis so as to end their ability to use their training facilities to keep putting these individuals back into europe with the order of attacking. there's no way we're going to be able to monitor the whereabouts of these individuals and catch them after the fact. what we need to do is to go

disappointing performance year to date this quarter, it is of course europe, which is still down markedly for most of the continental european marks. at least the ftse 100 performance closer to being flat. asian trade for you. hong kong down slightly. shanghai up slightly. the nikkei is suffering. it's down 0.7%. it is down some 12% for the quarter as a whole. we all know one of the main reasons for that is because the yen has surged 7% in the opposite direction. right, here's where u.s. stocks stand on the last day of the qua quarter. the dow is up nearly 1.7%. the s&p is up almost 1%. the nasdaq is down about 2.8%. so those futures we just showed you slightly in the red. unlikely to erase quite the positivity the dow and s&p are seeing, but it's close. >> but look at that. after the worst start to a year for stocks ever, quite a turnaround and a sharp reversal. the month of march has been very friendly for u.s. stocks. at one point, the stock market was down 10.5%. we've come all the way back and then some. you can thank janet yellen. you can thank mario draghi. you can thank kuroda. but it wasn't until yellen sou

continental divide, kind of an atlantic divide. most of the people that are working the basically, accessing the brain directly or in the united states. in europe it's much more easy. i spoke with people in england. i didn't, i kind of stayed away from eeg cited doctor to many europeans, or people that are based in europe. several europeans are working here in the united states, and working including bill kennedy the pages recently. this is one of the things where i wish the book were coming out a little later. he went to a plate that was believes and had surgery done upon himself to implant electrodes in his own brain so he could study himself. so i mean it really takes all kinds. >> just to follow up because you are saying here primarily defense oriented, thinking about stronger powers abroad, are there some that are doing more than others? >> there's a lot of interest in in germany. is a lot of interest in england and in france. those three countries have a fairly robust bci lab. and the italian labs were huge in terms of really foundational things, and the entire group of researchers that came that created that were uncovered this idea of m

continental. we are really encouraged by the reception. reception here in the u.s. to the f-150 was great. sales in europe are bouncing back.stry is running hot right now. are you concerned that we are running too hot, that we are set up for a downfall? we think the current economic conditions, barring any kind of shock, the next couple of years can be supportive of automotive sales. we are looking at the data. we are looking at income growth. we are looking at labor growth and consumer confidence. we are looking at the physicals. the average age of a vehicle in the market in the u.s. is 11 and a half years. every year, there'll be some replacement. about thee talking recession, but the data is not telling us that. we have never got into a recession without unemployment going up. we will not -- we are not seeing that, so we feel good about the market although we are always on the lookout for data telling is different. matt: you have an article talking about ford's readiness for any kind of downturn. not that you expect one, but you put the company on much stronger financial footing than it had been. how do you feel about th

europe less than the sum of its parts. this fixation, and ideological fixation not on free trade eliminated in the continental barriers to tradet the notion of the nationstates into european super state has been a mistake from the get-go. that is what is causing the trouble in substantial measure in one reason why possible britain will decide to leave the european union. the point you make of this enormous pressure being put by the refugee flows out of the middle east, it's going to get worse over the summer. sailing season across the mediterranean. this is not a dimension that nobody contemplated five or 10 years ago and it's having. we don't focus on the united states, but it's a mistake to let these untold millions of refugees and is growing daily. stuart: so what is the impact on us? call it what you will. what is the fallout for us here in america? >> in the near term it increases the likelihood of refugees from the middle east or americans who have gone into isis control territory or to other terrorist groups and have been trained in terrorist techniques inculcated in the ideology are preparing strikes in the united stat

europe had been targeted. >> yes, and the british government would endorse those sympathies. i think privately, they might feel that they have certain advantage over continental urine. obviously today is perhaps a very insensitive time for the british government to be talking about those, but if you talk to, for example, british policeman, british security experts, they'll say we're not part of schengen, we're not part of the open borders, we're an island, that's agree graphic not only a political fact which makes it easier for us to control whose coming in and out. traditionally in this country, as well, there have been a lot less firearms, not only on the side of the police, but also within the criminal community than there have been in belgium and in france. then i think there's one other area where the british police feel that they're having more success than the belgians, their collaborating much more with the intelligence services in this country. it seems like a very obvious natural thing to do, but it seems that that may have been a failure in belgium. beyond that, you have to look to a wider social situation, and again, the british police, i was talk