i'm here in cyprus. cyprus is one of the countries who has to pay out almost two years ago and still in the program there. they're still rated noninvestment rate. they have huge problems also with the banking sector. looking at the banking sector, it's an astonishing figure. 50% nonperforming low. they're still sitting on in that country. and prior to the morning, i have to say i spoke to the finance minister here on the ground and i asked him what they're planning to do about that nonperforming loan problem. take a listen. >> we had a unsustainable credit expansion during the previous years, but even this problem has reached its peak and it's becoming much more manageable now. the loan restructuring and the processes we see the gradual reduction of this problem is underway. bear in mind that the high percentage is also due to statistical -- a loan will continue to be registering as a nonperforming maybe for another year even though it actually has been restructured and being served. so it's a combinatio

that's cyprus. cy for your home gamers.his company makes the touch screen chips for nearly nonapple smartphone and tablet out there. they sell programmable systems on a chip. these are small semiconductors used in all kinds of devices. they make controller chips for everything from usb devices to applications. they are the maker of static random access memory chips. at the beginning of december, they announced a $4 billion merger of equal sesspangs and they have been huge winners. i want you to stick with cyprus while we wait for the transaction to close and it's run by the great tj rogers who will go on to become the ceo of the combined company. cyprus reported its revenues came in higher than expected and the company said the merger which has been cleared by authorities in the u.s. and germany, would be additive to earnings within the first year. it's going to close sooner than i thought. therefore, the stock climbed 4.66% today and it's up 40% since he told us hey, you ought to load the boat up. he was more up side. let'

cyprus has to meet his promises to the greek people. let me tell you leftists in athens are dancing on the streets in the center of the capitol tonight. they have been joined by left-wing party from german and they will have to hope that there isn't a terrible hangover tomorrow because this does put grease in a dram attib new situation. this result reverb rates around the could notnent. >> a historic night for greece and for the continue net of europe. barnaby phillips in athens. thank you. now, four years on from the revolution that toppled former president hosni mubarak, egypt has been em broeld in violent protests. 20 people have been killed. >> reporter: 4 years since the ref revolution. the unrest persists. despite the army ceiling off the square, the symbol of the 2011 revolution, protesters have been taking to the streets to mark the day the up rise began. he job descriptions marched in cairo, alexandria and serial other cities to demand an end to what they call military rulend for a return to the path of the revolution. >> we st

cyprus is say, don't worry. i can wig these negotiations with europe.t is going to be a very high-stakes poker game in the weeks and months ahead. >> barnaby, we will cross over to you a little later on. thank you. >> that's barnaby's reporting to us from athens. looking at the live picture now from athens. we are reporting that exit polls are suggesting the syriza party has won with the general election with 39 and a half1/2 % of the votes according to competent polls. we are following that story for you. we are bringing upyou updates like this will on al jazeera as it develops. the nigerian army has been battling suspected boka haram fighters who launched an attack in borno state. we are getting reports that a gun battle has e' erupted near the airport of maidiguri. amnesty international has warned of a grave risk that hundreds of thousands of people there are facing. meanwhile, john kerry says the u.s. is prepared to do more to help nigeria fight boka haram. the u.s. secretary of state is visiting lagos ahead of next month's leaks. >> there are reaso

employees of cyprus demonstrated yesterday. the government halted all carrier flights after european regulators -- they were granted a 10 billion euro international bailout. the island is already facing record 16% unemployment and those figures will only worsen as the national carrier's 56 the staff members are left off -- 560 staff members are left off. let's take a look. >> we cannot find any job. we are all very disappointed from the government, politics, everyone. >> looking at other business headlines. shares at a portugal telecom have -- the deal is valued at 7.4 billion euros. they suspended trading of the shares on friday, asking for more clarification on how these sale would affect investors there is are questions as to whether it would affect a proposed merger between portugal telecom and a brazilian carrier. a company will by its american rival for $5.2 billion. they specialize in drugs for rare medical conditions. this is after shire abandoned a $55 billion merger deal with the u.s. firm last year. and a committee i

and the views, the cyprus, the this does and terraces from italian gardens. they were ancient pieces, but also pieces like this girl with goat. from 1930. or cecil remarked i noticed that some of the stat tution seemed -- statues seemed not up to snuff, almost cheap, jack. he said it was very surprising but then i thought, we've been overwhelmed by others that it was nice is see a nymph with bobbed hair eating an apple. thought i would show you how the gardens grew as the buildings grew. this is the west -- central terrace and there is the statue hearst coveted. which he did indeed buy and gave the private place right in front of the main house. you see this oak tree right behind the fountain. they felt it interfered and of course it also added a lot of leaves for the fountain. so they rebuilt the terrace, here is the statue, the pool was added in 1928. and they moved the oak. hearst revered the natural landscape, none of the native trees was ever cut down. the oak is now back there. and here you see it on the march. they moved four ocean, 250-year-old trees.

cyprus will host the president of the european parliament on thursday, and on friday the dutch finance minister representing the eurozone. >> the foreign ministers are set to meet in brussels on thursday to discuss putting further sanctions on russia over its role in the ukraine crisis. this has provoked calls for a tougher line on moscow. >> the eu has blamed moscow for stoking the conflict. reports say ministers will call on the european commission to drop an extended package of sanctions. they will discuss existing visa bans and bank account freezes on individuals. the german government released its latest economic forecast for the year ahead and according to the report, things are looking up. >> europe's largest economy can expect growth of 1.5%. that is slightly higher than the last rock moses in the fall. if the chancellor and economics -- last prognosis in the fall. >> the optimism is underpinned by two factors. the oil prices are proving a boon for german x ports. a rise in consumer spending is boosting the domestic retail sector. the economics minister warns there are challeng

this is a cyprus tree, 300,000 years old. look at it. you can see the details thing. it. it's still brain. >> it is still brown. that is nuts. that's the magic of asphalt and why it's such a treasure for the scientists because it preserves things so well. a funny story about these is that they are - i mean, 300,000 years old, these amazing things to look at. when they were in the "techknow" they accidently got thrown out by the cleaning staff. leave it it the hardworking producer to dump into the dumpster to get it out so we can be talking about it now. >> one man's trash is another's scientific treasure. >> absolutely. if you want to see more, check out the website. >>> crime scope investigation coming up. what if you use d.n.a. that a suspect left behind to predict what they look like. that is after the break. >> beyond the verdict and on the streets >> there's been another teenager shot and killed by the police >> a fault lines special investigation >> there's a general distrust of this prosecutor >> courageous and in depth... >> it's a target you can't get rid of... >

they say that because cyprus once -- because alexis tsipras wants to put an end to austerity, and manyieve that could push greece out of the eurozone. are those concerns valid? >> this is the series that economist, -- a syriza economist who says the country could get back on track without the reforms agreed on in the bailout. >> we have a very big problem of tax evasion of illegal practices, and we want to get rid of all the illnesses of the past which the present governments and the past government had never combated, because they are part of the system. >> debt cancellation is another party position, guaranteeing plenty of conflict with international creditors. for this political science student, there is no question that greece should remain part of the eurozone and the eu. >> series of -- syriza believes that the euro is our home. we want to change greece and to change euro. >> sunday's election is supposed to be merely the first step. >> joining me now to talk about the great collection is mr. papadimitriou. serious -- after living in the polls, in syriza going to win? >> it is po

in 2012 for example, 89% of refugees in cyprus - 0% were recognised. what they see and experience arriving in different countries is differing enormously, and many countries taking on more of the burden. german and sweden key countries, both experiencing political unrest. and this sends a message o other e.u. states do you have the political courage to offer more refuge to people in dire straits. >> thank you very much indeed for speaking with us. good to have you. elizabeth collett from the migration institute in europe. >> a libyan al qaeda suspect died days before he's due to stand trial in the u.s. state of new york. he was accused of plotting the 1998 u.s. embassy bombings which killed 220 people in tanzania. he had been diagnosed with cancer. he claimed he was illegally kidnapped in 2013, and interrogated him for several days. >> master gunmen in libya ambushed a checkpoint killing seven people, including three soldiers loyal to tripoli-based government. two were in the south-east of the capital. security worsened as several armed groups and two

the ezadeen left cyprus two weeks ago sailing west. somewhere on the way it picked up more than 400 people desperate enough to risk their lives and pay thousands of dollars for a shot at a new life in europe. it's the second time this week that want italian coast guard has boarded a ship in the nick of time. three days ago, the blue sky was deserted by its crew and locked on auto pilot heading straight for italy's rugged coast. nearly 800 migrants, including children, were brought safely ashore, most of them syrians driven from their homes by the war. "it's very dangerous," said filippo marini the coast guard spokesman. "a ship with no crew is like a bomb launched at the coastline." human traffickers have abandoned boats before but small ones. now, jeff, it looks as if they're scaling up. even if they have to write off the cost of an old cargo ship hundreds of people paying thousands of dollars adds up to millions in profits for them. >> glor: elizabeth palmer, thank you very much. a heavy fast-moving snowstorm caused huge pileups in n

the end of march is the crunch time for cyprus to do a deal to get the imf to extend their credit degrees while they talk? we will see shorter interest rates where we are seeing much more aggressive moves. there is a view in the market the extra cost you pay for germany, for greece over germany can expand. you are going to see the cost of funding for greece in the commercial market up. what you need to ask is how much it is already priced in. is the euro moving more on quantitative easing or about dollar strength than necessarily about the condition of syriza getting power. let's check a couple of stocks. you have iag, aer lingus. aer lingus say they are discussing a new bid from iag. iag down and eight of 1%. apparently ryanair's holding has been on the block for one month. >> that is how markets are opening up. markets are a little bit lower. i am looking at the footie down by half of 1%. the greek anti-austerity party won the decisive victory over the weekend. guy johnson is standing by. i guess the big question is what this result will be for greece's future in the eurozone. are we ge

a lot have growth opportunities with regards to cloud computing, cyprus security -- cyber security. i think that will pay dividends in the next two to five years. >> i remember a long time ago reporting on hewlett-packard and i remember hewlett-packard telling me there was tremendous pressure from the ceo to issue patents. i wonder if we are not saying -- not seeing the same thing. >> talking to the researchers, they are very passionate about what they do. they are very focused on creating new technology, this idea of furthering the human good by technology. but again, when it comes to the top of the chain, to the ceo, she needs to make sure that she is managing these people in a way that you are turning these new inventions, these new ideas into actual commercial products that they can sell. when you look at cloud, you look at 3000 cloud patents in this last year, that is an area they are really joint buildout and they have been a little bit late in doing that. they ended up setting that down and buying software in 2013 to build their clouded for structure. whether these two decade

i still like intel even after that quarter but cyprus to me represents good value and skyworks. that ladies and gentlemen, concludes this version of the "lightning round." >>> you heard me talking about it earlier. each week we play "am i diversified." for example, how do you classify netflix? entertainment? technology? cold stock? when things go the wrong way, you don't want to be caught up in that crossfire. so let's play. this is where you call me and tell me your top five holdings and i tell you if your partnership is diversified enough or needs to be mixed up a little little. speaking of cold stock let's start with a tweet. here we have a tweet from from @cramershirt. apple, jcp, time westerner, epd, and ua. #amdiversified. let's go to work. all right. underarmers clothing. time warner's entertainment. uh-oh. jcpenney, retail. these will trag today. i'm going to say ixnay on jcpenney and good-bye. cramer understands this and it surprises me. bristol-myers. okay. let's do the next one. we've got who is this drew in california. drew. >> caller: hey, jim. how are you doing? >>

chapman and major bill de blasio yulo guising the officer, and he'll be transferred for burial at cyprus hills cemetery >>> a family of an al qaeda suspect accused of planning bombings of two embassies in africa is blaming the for his death. he was due to face charges after being on the run. >> abu afas al-libby died days before his trial in new york. he was accused of planning attacks on the u.s. embassies in tanzania that killed many. it triggered a manhunt resulting in the death and capture of 18 al qaeda operatives. >> the big take away is that terrorism is a crime, that can be fought with crime fighting methods, and that civil courts can get convictions. people can be identified. >> in october 2013 u.s. army commandos snatched al-liby off the street. he was taken and questioned for a week by c.i.a. agents. during this interrogation he said he was threatened and made incriminating statements under duress and pleaded not guilty to federal conspiracy charges. prosecutors said he was an associate of osama bin laden, and joined al qaeda in the early 1990s. his attorney said he had no con

wanted to engage with europeans under former ousted president but they made life difficult on him and cyprusnd greece and hardly make it easier on a country that was not a part of the eu and ukraine is the ugly stepchild and nobody is interested in it and we say we are supporting them and we have to hash tag diplomacy for kiev and they cannot take that to the bank and the single mistake the u.s. made that is the largest is with all of the visits, the cia director, the various secretaries going over, the european heads of state inviting them to the nato summit the ukraine president could be forgiven for believing he could actually win. he could be forgiven for believing that he could defeat the russian's militarily in his own backyard and never going to happen. that unfortunately is the mistake of the policy we now have to live with. >>> extends far and wide over eastern europe and look how large populations in nato countries wield significant power beyond its own borders. like it or not the crisis in ukraine is pushing america and the west in a new cold war with russia crimea the economy is

but when he's in the morning waking up, my guess is he's checking his net worth in swiss banks and cyprusing has hugely pained him. so a reversal of course is not inconceivable despite what you think of him as a guy. he's not josef stalin. lou: well, i think that's to his credit, at least. and the reality here is that we have oil prices that continue to crumble. do we see a floor? that's one of the questions i think our viewers would like to hear answered here. and secondly, disinflation deflation in europe irrespective of what happens with russia? >> i think that deflation, disinflation is one of the worries because we know how to fight inflation, we really have not had a lot of practice fighting deflation -- lou: we could just take the japanese template, couldn't we? >> the japanese template of the 1990s, you had some sectors like consumer discretionary do very well mainly because even japan is not an island, it is a global exporter -- lou: only you could have gotten away with saying only japan is not only an island. what do you think? >> i'm super worried about deflation. just remember

a solemn professional proceeded towards the cyprus hills sermony, ending two weeks of mourning. we'll have more on officer wenjian liu in the our >>> it's bad weather in the search for airasia in the java sea. four more bodies were found, bringing the number to 34 found. 162 were on board. the jakarta post reported that the pilots did not receive a weather report before flying according to leaked documents. officials say weather was likely the major factor believing the plane flu into storm clouds. ross shimabuku has the latest on ests to locate the bodies and the black boxes. >> reporter: divers successfully reached the fuselage of airasia 8501. they did not stay lornings the bottom -- stay long the bottom of the sea is covered in mud. underwater cameras are not working. >> translation: because the velocity of the current is 2 nautical miles per hour the underwater device cannot take votes. >> reporter: the jet crashed from surabaya to indonesia. 162 were on board. most of their bodies have not been recovered. officials believe when they find the fuselage it will lead them to m

. >> a solemn processional that proceeded towards cyprus hills territory, ending two weeks of mourning. >> courtney kealy, al jazeera. earlier i spoke with the executive director of the police reform organising project. i asked about an officer's choice to turn the back on bill de blasio at wenjian liu's funeral. >> they are challenging the mayor and their commissioner who asked them explicitly not to turn their back on the mayor. the other concern is the reform movement has been criticized because at least at the beginning of the first couple of days after the deaths of the officers. the reform move continued to protest. here we have police officers engaging in a political statement at the funeral. a year from now, two years from now when looking at the headlines, what is the headlines for police practices. what we'll work towards is that significant changes have taken place. they have been directed by the mayor, and the police commissioner and that you have more collaboration and trust. >> she says that broken windows policies that focussed on demeanour crimes are behind many of the

the ship which is registered in cyprus was carrying cement. >>> and another ship, this one carrying cars, ran aground off the southern coast of england causing it to heavily list as you see there in that photo. this was saturday night. the coast guard helicopter was called in. 25 of the ship's crew members were safely taken off of that vessel. >>> and president obama returned to the white house this morning after a two-week vacation in hawaii. i envy him. the president spent his last day -- >> wouldn't you rather be here with us. >> well, that's my second choice being hawaii. he spent a few hours at the beach visiting a cemetery where his maternal grandfather is buried and he also hung out with pearl jam rocker eddie vedder. >> what? >> if you can do it, why not? >> actually they're neighbors. >> i didn't know that. >>> and dozens of passengers finally on the ground in san francisco after being stuck on a plane overseas for nearly 28 hours or at least part of those 28 hours and it all began with fog that shut down the airport in abu dhabi stranding the passengers on their flight for 12 h

we're talking cyprus, portugal, spain, and italy as well. yields back in november 2011, at the height the greek fear, was 2.7%. portuguese yields rose to 70% in january. we are far, far away from those points. i want to finish with so words of the chief economist he said it would be a nasty precedent if the grizzlies encouraging others and it could be fragmentation. losing one member of the family would ultimately open pandora's box. is your worried about greek contagion? these bond yield tell us know but keep looking at this chart and we will be doing so regularly in the next couple of months. >> let's turn our attention to the tech and the titans were at las vegas. startups are innovating their latest gadgets. for the first time, we heard from sony about the hack attack. our resident expert caroline hyde. sony was combative is that fairly -- >> they chose the biggest trade organization 160000 people over two miles of space. this is where kazuo hirai the chief executive of sony, decides to make his first public statement about the hack and

. >> a columnist said what cyprus needs to deliver promising, i will step down from austerity but i alsor structural reform. those things don't go together. >> i don't think tsipras is going to be shot as. can they deliver reforms? i think they are going to promise a collection of revenues. they will improve -- approve some reform. there is a huge market to really implement public-sector reform the troika is looking for. >> thank you. we will consider broader implications of what we have seen over the weekend in greece. 21 minutes past 10 in london. >> welcome back. let's look at the implications of what we have seen in greece. is it about unlikely coalitions? is it about taking on the untested government? what do we learn from what we have seen? >> it will resonate in other countries. the italian prime minister was the first leader yesterday. we will see various political parties jumping the bus. these could become interesting. if for whatever reason tsipras fails to deliver, that could be a significant warning for the voters in spain and portugal. it depends on whether they can change

cemetery ridge was good in both directions-time right now 25 minutes of navato into the city and the cyprus will selling at the richness and the fabric we're not saying in the cameras and the camera shot. >> erica: that as of the will continue to follow up keep in mind driving around the bay area this morning that we do have some areas of dense fog we do have the thick fog in the north bank and also for the east bay interior valley visibility at 3¢ a mile in fairfield we're saying and 2 mi. an apple the worst of it as a signal of the golden gate bridge problem at 0 uc pretense of a mile in santa rosa area of the rest of the bay area and is pretty clear and this is we're announcing any problems for visibility as to his of the afternoon a lot of sunshine and temperatures in the '60s we are and warmer side of the redwood him in the high 60s is victory on top for sunnyvale and santa clara. >> erica: will keep those numbers and the upper 54 fairfield in pittsburgh a lot of sunshine in walnut creek getting a high of 61 degrees 61 in low 60s along the coastline oakland today very mild high of 66 w

it will be very tightly targeted and you won't have any debt from greece or cyprus. >> how do you think the governments will respond to a bond buying program? >> if they allocate the risk to the national banks, couple things will happen. it will not be as powerful as if they pull risk. it will be clear that now political compromises are dictating the design of the policy response. markets will react negatively to both of these things. >> the bloomberg panel the head of bridgewater associates said you've gotten to a point where it's no longer interest rates but the currency that is the big lever for the government. i want to play what he said. >> we see this ecb policy -- it needs to have more money into the system. money can produce more purchases. it also means that when the two levers are interest rates and currency when interest rate levers don't work, currency lever becomes more effective. we must see more volatility in currencies. we must see an appreciation further in europe. >> what does it mean for the euro and other assets, including the dollar? >> i agree with him completely t

how will they make sure you cannot have greece or cyprus benefit from this by having their debt being, what sort of losses will individual member countries be forced to observed. you look at some of the key rates and you look at the way the breakdown may happen. you could have some 90 billion euros in debt but by the ecb from germany this year -- by germany this year. you look at the total debt germany expects to issue this year, they will roll over another 155. almost 2/3 of potential debt issued by the german government could be bought right here by the ecb in frankfurt. or if they do it through local banks, the bundesbank. >> hans, you bring up the bundesbank. you talk about the germans. angela merkel is going to be here later on. she's talking about the german economy just before the press conference in frankfurt with mario draghi. axel weber, former boss of the bundesbank was here earlier. he was saying the germans are going to be one of the beneficiaries of all this. is merkel on board? how do the germans feel about this? >> the germans are opposed. their opposition is grounded

the next meeting is in cyprus. it's not obvious the dynamic is right for early qe. it fiscally is. i am holding my breath for a long time. >> trevor stays with us. fabulous british understatement. europe is in a bit of a model. we will quiz him on that when we come back. -- a bit of a muddle. ♪ >> we are looking ahead to the new year. you liken it to the 1990's, and you said china has replaced japan as the slowing global and industrialized economy. where does that leave japan compared to the 1990's? >> i think japan is a different place. the key thing about japan is it has entered this deflationary world a couple decades before the rest of us. it has learned by a lot of mistakes, so government debt is now -- not the sort of eye watering 200% of gdp. they clearly want to create inflation is one of the best ways of getting the government debt burden down. high nominal growth is what they are after, and they are pushing all the buttons. you have loose monetary policy currency devaluation. i'm very positive on that. i am very positive on the nikkei. i am short on the en

ecb and brussels and others will be able to contain it and greece will be the sacrificial lamb like cyprust year. nobody expected that to happen. >> spain, ireland, and the radicals may come fourth. >> if greece is shown the door, the consequences of their folly will be shown. u.s. economy is overplayed as well. the interest rate differential will start to narrow. german interest rates are as low as they can be. you can not -- you can see a benefit. all that can happen is you is growth will start to tell off. shale is turning into a disaster. all of the employment growth has come from texas, south dakota in the shale producing area. >> stephen isaacs. >> coming up -- our favorite stories including a live of debt -- including a live look at the united states. ♪ >> welcome to "countdown." let's give you a quick look on digital today. i thought we would focus on the state of emergency new york, new jersey, rhode island. business week pages tell you if you are traveling in and around the new york area, metro-north will run additional trays and governor christie state of emergency in new jersey

>> greece can still be in the eurozone, but cyprus is in the eurozone. >> very nice to see you, andreas. remember, you can follow me on twitter. we're going to take a break. ♪ >> for those listening on bloomberg radio, "the first word" is next. for the rest of you, it is the second hour of "the pulse." we are going to be talking about mcdonald's. which british food should be on the menu? heels? we will take a break. see you in a moment. ♪ >> shell shock. the oil giant says it will cut spending by $15 billion with more to come if needed. greek banks will survive that is the view from the e.c.b. the market seems to be taking its cue. stocks are stabilizing in athens. and mcdonald's promotes u.k. natives as its next c.e.o. >> good morning to our viewers in europe. a very warm welcome to those of you just waking up in the united states. this is "the pulse." we're live from bloomberg's european headquarters in london. so, greek banks will survive the current market turbulence says the e.c.b.'s chief supervisor of euro-area banks. they they lost a billion dollars in the first three trading da

that form would exclude countries like cyprus greece and portugal from the backlash. >> let's take aook at u.s. futures, right now indicating a lower move after that stunning reversal for stocks in the last two sessions. the dow jones indicating a 50-point decline in premarket trade. the s&p 500 down just about 3 points in premarket. the nasdaq which did see a big gain thanks to an outperformance in shares of apple up better than 4%. right now, nasdaq futures indicating a lower open by around 5 points. remember, the jobs report that is the focus today. the december u.s. jobs report due at 8:30 a.m. eastern. consensus forecast is for nonfarm payrolls to rise by 2 240,000 versus 321,000 in november. that would be the last straight month of job gains above 200,000, the longest stretch since 1994. >>> as we leave you, we will leave you with live shots from the town north of paris, dammartin-en-goele. that is all we have time for today on "worldwide exchange." have a lovely weekend. i'm wilfred frost. >> i'm seema mody. "squawk box" is next. hey what are you doing? i was thinking about ta

cyprus semi tjrodgers. i can't wait until tonight. never have four guests. >> a big show. >> wow.ou tonight. >> waking up at 3:00 to learn these things. >> when we come back more on ecb, unprecedented stimulus plan and head of union pacific. you can find a new frontier. there's nothing stopping you and a lot helping you. technology that's with you always. this is our promise. it's never been better to wander because wherever you go, you'll find us doing everything we can, so you can. >>> good morning, welcome back to "squawk on the street." i'm carl quintanilla with sara eisen, simon hobbs, david faber at new york stock exchange. we get quantitative out of the european central bank. moves not just equities was currencies and ten-year where the yield all over the map. oil down a percent to 47.27. >> the road map, reaction to today's ecb decision from around the globe. live reports for you from here in the united states from athens coming up. >> plus airlines are soaring today, as fuel costs keep falling. a lot of stocks reporting, of course, southwest, alaskan, we'll have analysis.

the more publicity death calls confessed killer of your off defense lawyer argues american cyprus excessg jurors analyst troweled move out of the small texas town. >> reporter: another reason or movie also getting extra attention and video afterlife. afghan villager productive and treated marcus latrell is now seeking asylum in the u.s.. >> reporter: despite trouble but americans are always jury brush the pensions of wars of recent combat. italy's conflicts will these steps san movies and how would straddle the racial despite winning will winner for best picture her locker made just 70 billion for its entire run. sniper made more than that today. >> reporter: catharsis after a horrific attacks in paris to want to see a movie in which the bad people or those hoping the bad people are. has a long way go before winning the american war movie champs. >> reporter: $280 million domestic adjusted for today's prices won critical acclaim for realistic the trail battle and yet academy award voters snubbed the for best picture public can. >> reporter: still ahead as noble being interviewed bassooni

whether they trade off crude or whether they trade off the ten year or whether they trade off whether cyprusconsidering something with it's. >> we have a new book we'll talk about out this week and it's generating a lot of buzz saying whatever you think happened during the financial crisis is probably wrong. it's called hidden in plain sight and he was on the financial crisis inquiry commission and is now sounding the alarm on why the nightmare of 2008 could happen again. good morning to you. >> good morning. congratulations on the book. let's just walk through the main premise. what is it we all missed in your mind that's so different than the narrative that you think is developed. >> the story that the american people have heard and has been told since the financial crisis is that it was caused by greed and risk taking on wall street. but in fact the numbers show that it was caused by the u.s. government's housing policy. in 2008 when the financial crisis began more than half of all mortgages in the united states were sub prime or otherwise weak and three quarters of those were on the book