>> coming up, deutsche bank. we will hear from the co-ceo coming up. ♪ >> let's check in on the currency markets. we look at dollar yen today. strengthening to a two-month high. the dollar is a risk currency. we have the clashes and keep -- conflicts withna vietnam. the yield premium, the 10-year treasuries. seven month low. we have janet yellen speaking this week. we have analysts saying the labor department reports on may 22 will know the number of met -- americans applied for jobless benefits increased. it is a busy week. money moving into the haven currency. i royal family is buying in. it is all part of a deutsche bank plan. deutsche bank co-ceo anshu jain spoke to hans nichols and frankfurt this morning about the plan. timing, i think what you are seeing in the european banking landscape is a shifting of the tectonic plates. it could be a once in a generational change in the state of competition. our business model is unique. if you think about a business model that spans everything from retail to transacti

i look at deutsche bank. -- a look at it deutsche bank.ing to take a piece of deutsche bank. pressureld be a bit of . $7 royal family spent billion of buying a stake at a five percent discount. and 3 billion euros worth. some say eight to billion in total. to give you an idea of what it ofns, almost 1/3 of the cap deutsche banc. i will be back in a little bit to bring you the conference call. an eye oneping astrazeneca. it is another offer from pfizer. astra asen rejected by an adequate. undervalued as a company. -- it has been rejected by astrazeneca as inadequate. offer and their last they would not go hostility to negotiate a deal as a date. may, could they squeeze out another offer? no opening price yet on astrazeneca. essence you get an opening price on the stock, we will bring it to you that as soon as we get an opening price on the stock, we soon as we gets the opening price on the stock, we will bring it to you. markets,n the equity the futures are a little low. this is the opening. 0.1%.up by despite the bad today to last -- the s

she is live at the deutsche bank conference.ith the bank's chairman, anshu jain. >> barclays seems to be retrenching and getting out of business while you are leaning in. >> i would like to think of this in a broader context. which bank has a broader business model. we are a very strong acid wealth manager. we have terrific retail operations, especially in germany and beyond germany. across thosence businesses in 74 locations. the european banking landscape is changing. >> i guess my surprise is in fixed income. this is a time or you see morgan stanley get out of those businesses, push more into wealth management. you just announced the hiring of a big global head of your rates business. why are you pushing into those businesses when it seems like you are struggling to make money? 30%e have balance sheets at -- at 20%. we saw a lot of the issues fixed income was facing, both structural and cyclical. we positioned the bank and went for it. this is part of the natural cycle of the business. we have done very well in certain areas.

they may be impacted by the news of deutsche bank.the currency markets, a quick check in on that. dollar/yen 101.30. we are matching the two-month low we hit thursday last week. the euro dollar bounced off its two-and-a-half month low hitting 136.50. last thursday, currently just above it at 137 cable at 168, about two figures away from the five-year highs we hit weeks ago. joining us from new york with his thoughts, the managing director of bk management. boris, good morning to you. and we have fed minutes from the april meeting coming out this week. and a lot of thought about whether the ecb will cut modern lending rates as well in the june meeting. how is that going to swing us around in euro dollar? >> i think the ecb data, especially the eurozone flash pmi data that we get on thursday is going to be absolutely critical. and most specifically, it will be the german data. if we start to see the german economy begin to buckle, which we are seeing early signs of it already, the chances of the rate can escalate much higher than before

book on deutsche bank? >> i don't know yet.ions. >> we're still waiting for headlines across credit suisse agreeing to plead guilty, and find out what they may pay. >> and criminal charges we have not seen in 20 years. "surveillance," at consumers lost faith in target? this is "bloomberg surveillance" on bloomberg television and radio. ♪ >> this is "bloomberg surveillance," i am tom keene and mrs. john burke, the ceo of financo. how brandshion is have become more brandier. forget about the alligator shoes or that shirt, he just figured it out. abercrombie & fitch has not. what are they missing right now? >> the world has unfortunately moved away from them, five or 10 years ago that millenial customer wanted a look, they wanted to be on trend and on fashion and they had it. media, world with social you have a plethora of ideas and options for that customer, and they are looking to change more quickly. they are looking to individualize their look, and it makes it difficult for one brand that is tied to one look to survive. >> do

we have pfizer, deutsche bank, credit suisse. >> you are a chelsea fan. i am not even mentioning it. >> from the red carpet to the deep blue sea, we check out the crucial role that yachts play in filmmaking. >> the fortune that nutella built. we will see how it created the richest candy man on the planet. pfizer sweetened the deal for the very last time and astrazeneca said it is not enough. it raised its bid to more than 69 billion pounds before being turned down and again. let's bring in sam. does this mark the end of this takeover saga? .> i would like to say no i do not think it is quite over yet. used, overe being the past -- over the next few months, something might happen again. it all depends on what shareholders to. -- shareholders do. everybody will be thinking, when will they see that shareholder price? >> that shareholder price already has a five handle on it. should they have taken this deal? >> the world is divided. i do not think it is very difficult to get to a price that is around 55 pounds a share. beyond 55, 56, 57. i think they were lo

deutsche telekom had to scale back ambitions. >> b.t.eat estimates for the sixth consecutive quarter. they provided new web customers the promise of free rugby football. eni is set to confirm descalzi as the new c.e.o.. he was nominated by the italian government which owns a 30% stake. >> it is decision day for the e.c.b. and the bank of englan. let's bring in jonathan ferro for a tour of what we can expect. it was perfect. >> can you pronounce mario draghi? i think i can. >> the market is at 1.3938 right now. what can we do to talk this down. i think if he is going to move, great element of surprise. perfect time to do it. >> you get 145 pretty quick. >> the exporters are not going to be happy about that one. we'll go through what the bank of england is doing. it is central banks day and barclays day. >> we'll be talking to phillips c.e.o. very shortly. see you in a moment. ♪ >> barclays bashes its investment bank. 7,000 jobs at the division will go. c.e.o. anthony jenkins tells us the bank will still be competitive. >> the pressure to

deutsche bank investors want to know when this will end.

deutsche tells "power lunch", quote, a new culture is taking hold, step by step here at deutsche banktance and tone of this video is intentionally direct, and part of an ongoing program. we expect every employee to understand and comply with our standards. and i'm sure they will after that. >>> let's get the trading action from the big board from bob pisani and kenny polcari. >> i see the market digesting. no real excitement over the economic numbers. i think the number on the face of it looks good, but when you look at it, you realize it's more multifamily, more rental stuff than it is individual homes, right? so therefore you don't see a lot of reaction. we're holding at 18.65, a positive for the s&p. and i think going into the weekend, you have this feeling that it was kind of an interesting week, a bit volatile. to people are trying to take a breather. >> you're talking about the housing starts number this morning. i would have liked to have seen more. >>> wrestle a big of a correction shun, and i think taz fantast fantastic. >> we've been waiting for that, right? you know, what y

. >> a couple of disparate things happening, the big capital raise at deutsche bank over the weekend,re focus on books about the crisis and the extent to which there should have been more relief for homeowners, for example, and more capital levels in the new york books, a big piece on -- >> some asset management conference whether they are talking about the black rocks, vanguards and fidelities are possibility too bug to fail. >> and we're expecting to see some news out of critics in terms of a potential guilty plea for these money laundering you are use. >> and yet that second- or was one of the leaders today. financials doing okay, tech doing okay. >> when you look at the leaders on the dow, goldman sachs, jpmorgan chase are two of the leaders today. i think the picture there is that investors are looking at these u.s. financials and saying, okay, they got out ahead of this. when they already have more capital than they need and more settlements out of the way and by comparison what's going on in europe makes the u.s. look even better. >> tim, quick last word what. are you watching

. >> deutsche bank, germany's biggest lender, has given the greenlight to a capital increase. >> co-ceo announced the cash call at a shareholders meeting in frankfurt today. decrease the value of current stockholders shares, and he said the bank was forced to cut cost due to increasing competition and new oversight roles. as we let you know earlier this week, much of that fresh cash's expected to come from qatar's royal family. as you will hear from our markets correspondent, the move was not without its critics. >> dortch -- deutsche bank owners criticized the move at the shareholder is simply. the shares were rising anyhow, but all in all, shareholders suffered a lot since may 2007, the shares lost more than 70%. the overall picture was not so bad. the german dax gaining modestly, but nervousness is also rising ahead of elections on sunday. >> we're going to take a break. when we come back, we will have the latest on for days of voting that have begun here in europe. europeans will be getting a new parliament soon. >> the far right in the netherlands apparently did a bit less well tha

>> i had an ah-ha moment when i worked at deutsche banc.11 happened, and i had the first ah-ha moment, pursue my dreams, the mystery of life, you never know when it was going to end. john: deutsche banc was in the world trade center? >> right across. on my stop to world trade. john: suddenly several businesses, pizza restaurant? >> came out of a stomach make. so the first business is born out of a stomach ache, we -- i created a restaurant concept called -- it was called slice, now called wild, and a farm to table, gluten-free alternative pizza place. john: successful? >> yeah, two in new york, one in downtown vegas, and they're doing well, more to come. john: also sesame street for vegetables? >> the supersprouts is born out of a menu out of the restaurant. my twin sister is an artist and creative and designed a menu to get kids excited about eating vegetables. kids only had plain cheese pizza, no greens on the pizzas. based on the nutritional benefit of the character. kids looked at that. i want to be like brian broccoli and ordered brocc

deutsche banc took them public in 2000. john: failures?ns of them, one entrepreneur we wrote a check about six figure on the show, and i think the money was gone before the commercial break. and -- john: that was the.com bubble. >> entrepreneurs pitch and wrangle a check out of predators after 20 minutes. it takes a lot more to build a business than a 20 minute pitch. john: if i can talk about this, there's an excitement, there i feel it around fox business. being an entrepreneur, taking the risk, trying something, it builds adrenaline. >> i absolutely thrive upon the adrenaline. and part of the adrenaline is when you invest odds are you'll fail. >> 80% fail in the first year, 10% in the second. 5% in the third. five companies left standing out of 100 in three years. john: the five have to be profitable enough to pay for the 95 failures. >> and then some. one of my hits would pay for 10, 15, 25 failures. i'm also an entrepreneur. i used to be executive at bank of america, now i work for a two-year-old investment bank. i love entrepreneursh

we have the train wreck of deutsche bank. range ofa wide skepticism on deutsche bank. is your reading assignment for today. you go to bloomberg review and matthew levine. read it and read the footnotes with a sharp pencil. what the hell is this, adam johnson? are you kidding me? it is the same hot air. we heard it yesterday. tell you, read matt levine. i cannot make it that clear. huge skepticism about this dual rights deal with the qatari government. -- royal family. >> bottom line, deutsche bank says it needs more money. also, this is what i cannot wrap my head around, deutsche bank said it wants to target a 13% or 15% return on equity and yet it is diluting its share base by 25%. that makes it that much harder. >> it is the second cache call in recent memory. this is very different than how the u.s. banks do things. >> it certainly is. you have to keep in mind that the co-ceo said they were done with capital raising. they have had to backtrack on that again and again. >> matt levine is a must-read if anyone cares about global wall street. >> certainly something we w

with us on set we have the chairman of deutsch incorporated, donny deutsch. >> good morning.n trouble. >> okay. >> really? we'll talk. some people have excuses. and other people have excuses. all right. msnbc political analyst and visiting professor of nyu, harold ford jr. is here. hello. the host of "way too early," the

deutsche bank. >> dan nathan. >> starbucks. i'm still playing this from the long side.. >> karen. >> short right here. >> guy. >> where are you watching game 2? >> i don't know. >> same place as game 1? >> just -- >> tuesday night. i've got some time to figure it out. >> before dan caught up to the smart board, anf was my trade. then he just solidified it for me. abercrombie & fitch. >> you swayed him. >> he does sway me. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00 for more "fast." meantime, don't go anywhere. "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now! >> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, i'm trying to make you a little money. my job is to entertain you, educate and teach you. call me at 1-800-743-cnbc or

. >> for more analysis, let's turn to josh fineman, chief of xwroeglobal economist at deutsch wealth and asset management. josh, twhafs key message from your point of view from janet yellen and translate what her message means if you're an investor, a business owner, or someone looking far job? >> i think it's couple things. one is she reiterated the point that the economy's weakness earlier this year was largely transitory. she expects the momentum to pick up as the year progresses. and the recent indicators have been supportive of that. but the other thing she stressed is that, while we've made a lot of progress, there's stale long way to go to repair the damage that was done, particularly in the labor market, that there's still a lot of slack out there. with slack still persisting, wage pressures and inflation pressures very, very dormant, it's not a recipe for the fed rushing for the exits. >> why is she worried about housing, josh? >> well, recently, say the last six months or so, the recovery in housing seems to have stalled about at bit, and that is a bit of a worry, but i thi

our guest host ,carl riccandonna from deutsche bank is very optimistic.e linkage between reducing the deficit for the government actually impacts gdp and all the rest of us and why we care. >> lower deficit means lower interest rates. long-term it is positive. what we are seeing right now is the strengthening in the economy is leading to stronger revenue gains. last year it was higher tax rates, which is the story. the story this year is the economy is accelerating, boosting revenue. about 90% of the federal revenue, whether interest -- income tax rates, social security payments, or corporate tax rates, 90% of the revenue is economic -- gdp is accelerating. >> let's go to the chart. we showed this early. here is the deficit to gdp. here's the clinton surplus of the late 1990's the good news. down we go pick crisis. we come back. , with thendonna deutsche bank optimism on the economy can we get above the light blue line? >> we can't get above that line without major changes in washington but we will continue trending in the right direction. >> entitlement

deutsche bank reallocating resources. does that mean trading heavy businesses get the short stick?business. ink at goldman, q1, revenue 2009 it was six .6 billion. q1 is post be the most robust quarter. five years later in 2013, it is 2.8. this is the poster child of fixed income powerhouse. 8%.s down at 6. i disagree that it is due to market volatility. you cannot look at five successive years and say it is just the waning and waxing of trading. it is structural. >> structural, not cyclical. date aill give raj chance to rebut that in two minutes. ♪ >> good morning, "bloomberg surveillance." futures up 7. europe,, on ukraine, on china and vietnam. we bring you ian bremmer of eurasia group. joining us on television and radio and the 7:00 hour. is "bloomberg surveillance," scarlet fu with tom keene and adam johnson. raj date, former deputy director of the consumer financial protection bureau. stein is here as well. sony is bringing game consoles to china. marketing its playstation consoles and video games. five months ago, china listed a 14 year ban on game consoles. a new survey say

hans nichols spoke with deutsche bank about the sale.o get one step ahead and pre-position ourselves with a buffer. that would put us in a strong position. was why 8d question billion? there is no science to that. we started with a ratio of 9.5. >> hans joins us now. i must be talking about banks. when you look at deutsche bank's argument, it is essentially one of timing. there will be new changes in europe later this summer. that could be litigation costs. he doesn't quite know what those litigation costs are going to be, how big they are going to be, or the impact it will have on the bank. listen to what he had to say about it. bank continuehe to do business with banks that face a criminal play? >> that is a hypothetical question. we expect theme, to plead guilty in the coming days. will deutsche bank do work with credit suisse if it pleads guilty? >> a hypothetical question, hard for me to answer without knowing all the facts. got my sound bite scramble. that was the one i wanted to end with. there are so many unknowns out there about

will be talking about deutsche bank.s vegas casino that has been a money loser. >> if you missed any of our interviews, you can watch them all on amazon fire tv and apple tv. ♪ bank is saying good riddance to vegas but it seems blackstone is happy to take their place at the table. blackstone is paying $1.7 billion in cash for the cosmopolitan hotel and casino inch deutsche bank bought 2008 after a developer defaulted on a construction loan. deutsche bank was never able to turn a profit on the property leaving observers to wonder if blackstone will have better luck. our deal supported cristina alesci has been looking into the latest deal. arefolks at blackstone pretty shrewd investors. they see something here. if you value this deal on a backward looking basis, looking , ithe trailing 12 months looks a little expensive compared to the other casino stocks, especially mgm. i use that as a comp. thisooking forward, company is generating good growth at the top line revenue. last year was a record year for the cosmopolitan, ge

deutsche bank says if he does not act, the credibility will be shattered. will they deliver?exactly are they going to do if they do deliver? theyraine's leaders say are ready for peaceful dialogue with representatives in the eastern region. a russian separatists in the east say they will push ahead onh autonomy referendums sunday. that a calls from vladimir putin to delay the vote. -- despite calls from vladimir putin to delay the vote. 20 years after taking power under nelson mandela, the agency still enjoys strong backing among the black majority. representatives of professional football european makes say any attempt to reschedule the world cup in 2022 would damage their season. proposed moving the world cup to november or december to avoid qatar summer temperatures. britainas stores across and has cemented its reputation of the purveyor of the finest cosmetics. anna edwards spoke with the founder. the company and the early 1990's. the apothecary now operates 62 stores across the u.k. lipsticks economics of just -- suggest consumers still buy pricey makeup in tough economi

. >> let's pick up some of the themes now with the head of global client group at deutsche assets and wealth management. great to have you with us this morning. g.d.p., everybody says is slightly retrospective. the key thing is what the european central bank does next or potentially does next for us. what do you think they do? >> well, i think we have had a little bit of a surprise last week with mario draghi announcing potentially something could happen in june. so that led us to revise our expectations about a june intervention. probably no rate cut. maybe other stimulus measures. we'll see. our punchline is when it comes to europe, we should really not be so afraid of deflation. >> i read that. the really smart money will tactically exploit hurt mentality of investors. maybe i'm in the hurt. that is a fairly different line to other people that i have read. >> this year has really been if, you take a step back, first we were talking about the u.s. market and about whether the weakness in the u.s. was truly led by the weather effects. there was fear about that and then fear about the

deutsche bank likes irish rental homes.spondent hans nichols is here with the details. >> mark, this is a fantastic scoop out of our dublin bureau. familiar to two people with the matter, 680 rental properties lent to own or to be bought by deutsche bank. the germans are moving in. the danes are moving out. here is what we know about these let properties. these were properties bought as investments during the boom years. in the financial crisis happened and then a danish bank came in and bought them off. now they want to sell into deutsche bank. 60% of his portfolio is in dublin, the rest is in the outside of ireland. vacatione got a new home for you. you're just going to have to talk to a banker in frankfurt about getting it. is looking for one himself. hans nichols, our international correspondent. he is a man and knows all about property in ireland, especially the northern part. >> if you just go over the border, it is phenomenal. homes have two or three -- if you didn't have two or three homes and property, you are noth

it is owned by deutsche telekom in germany. it is a separate company in the states.hen at&t try to buy it. wall street thought it would go through. it was price in. and the regulator said no. softbank need to get regulatory approval. the need to make the case this will not harm consumers. it will give consumers more options. >> so hans, who might run the company? >> john leger. the leading candidate. he is the current ceo and president of t-mobile usa. he is the leading candidate. deutsche telekom and softbank are talking about potential names. this is not a done deal. john leger a colorful figure. we have colors of him -- p ictures of him crashing and at&t consumer electronic show. if he's head of this new company, maybe he can get into mclemore parties by by himself. >> you see him with the pink t-shirt. hans nichols with the very latest possible merger. still with us for more of his views on the markets, the global seed investment officer -- global investment officer. before the break, we were talking about what you like in the markets. you are quite keen on risk

with us on set we have the chairman of deutsch incorporated donnie deutsch. >> look at that.e's got the point. >> you got to have a thing. >> that's your thing. is that your signature? >> msnbc contributor mike barnicle. looks nice today. >> and in washington -- >> rolling the dice, baby. rolling the dice. does that work? >> that was great. >> wow. okay. and hi, jeremy. >> how are you? >> good. >> and in nashville, historian jon meacham joins us. gosh, what a great crew. >> that's good. >> there you go. that's the craps move. >> paul newman thing. listen. i think up to this point and i think we'll all agree here, that it was 50/50. you know what i'm talking about. >> no, it wasn't 50/50. >> on the bubble. should he go to rehab, should he not go to rehab. i think, willie, i think rob ford going to rehab. >> what a mess. >> serious problem. >> why do you say that? was the crack pipe your first clue? >> there's a new video from a newspaper that reports to show mayor ford with a crack pipe in his hand and smoking crack. so he's taking a leave of absence. >> so now it's not funny.

deutsche telekom earnings fell nearly 4%.as europe's largest telecom company boosted spending in the u.s. gaining users from rivals like at&t. deutsche telekom has scaled back its business in an effort to win customers. barclays will cut 7000 jobs at its investment bank by 2017. barclays is cutting 14,000 jobs across the entire bank this year. up from the 12,000 announced and that you are a. -- coming up, it is quickly gaining momentum. we are talking about the chinese phone maker, huawei. we will tie you why the company has its sights set on paris. as we had to break, we believe you with comments from orissa meyer. she spoke at the techcrunch conference in new york about why she is doubling down on mobile strategy. >> it was one of the biggest missed opportunities that i saw when i came over. there were very few people working on it. peoplehave hundreds of working on it. we have made big advances. to see mobileg approximately doubling along every metric we have in terms of traffic, revenue, users. we are up to 430 million. w

also deutsche bank traders have been warned. lenders apparently sent out an internal video to its staff saying boasting vulgar comments and indiscretion are not okay. colin fann, co-head of their investment bank appears in the video saying that reputation is everything and that some staff are falling way short of their established standards. >>> the uber is seeking another round of fund-raising which would value the company at $10 billion. nearly three times the $3.5 billion valuation from just last year. $10 billion ub uchlu -- uber woe up. a lot of promise they've got to fulfi fulfill. >>> fairly mixed day in europe. ftse 100 is up and u.s. futures, we saw the falls yesterday and down over a percent and s&p down just under 1%. second day in a row we've been off worst declines in a month. futures today suggest a cautious start to the open. we're currently 6 points above fair value, the s&p is on fair value and the nasdaq is around 3 points above fair value. so all to play for one would say later. >>> now, the operator of the tu

deutsche bank is getting out of the casino business. it has agreed to sell the cosmopolitan in las vegas. billion -- the price tag. that is this morning's company news. >> coming up, shares of jcpenney soaring after the retailer finally posts its first sales gain in three years. amazing. is this just a one quarter wonder? we will talk about it. this is "bloomberg surveillance ." streaming on your tablet, your phone, and bloomberg.com. ♪ >> good morning, everyone. "bloomberg surveillance." scarlet fu got angry at me and called me godzilla. i really enjoy talking to this guy. you will enjoy it. "bloomberg west." gelfond on "godzilla." he is a really different guy. i have my godzilla moments. this is "bloomberg surveillance ." joining me this morning, scarlet fu and adam johnson. >> i am taking a look at active movers in the premarket. jcpenney up 16%. financials are moving in the right direction after three years of losses. the net loss is shrinking. these firsts that corder numbers are being compared to a pretty low base. this makes them

we weigh the evidence with the chief european economist at deutsche bank. plus, growing vegetables on mars. why extraterrestrial farming could be the next frontier for food. ♪ >> the assessments of the present situation of financial stability is that it has improved. it is not an immediate concern. >> that was ecb vice president vitor constancio speaking ahead of the ecb's very much anticipated decision next week. the euro has been moving since mario draghi talked about the fact -- made it very clear -- we will see some sort of action at the frankfurt meeting. this is a session chart today, picking up a little bit. in his ascension day, that will take a little bit of volume out. that is the three-month chart. you can see the impact of the words from mario draghi, jiving the euro lower in the 1.36's. are we going to go any lower? it is better to travel then arrive, we have priced in everything we are going to get from the ecb or are there still surprises? mario draghi has the ability to do that, he has done it in the past. gilles moec is the cut chief europe

deutsche bank plans to raise more for rights offering in months. the leader duo wants to make sure they meet tough new international standards on how much capital banks hold. >> we have been undergoing an evaluation. >> the bank is putting emphasis on investment banking and it wants to beef up its presence in the u.s. market. >> as well as the big injection of gulf state cash, getting down on the markets. >> dutch bank was clearly talk of the day. what a surprise and what a coup. nobody expected such a high volume. it shares a been under pressure because the higher quantity puts pressure on the share price and nobody likes such a capital increase in the short run. in the long run, it's the right step. and giving the bank more space to maneuver. it is pretty reluctant, going up and down but ending a little bit higher. >> let's take a look at the raw market numbers now starting where dorothy was. as she said, the dax finished up about .33%. u.s. stocks was not so lucky, down by almost .1%. over in new york city, the dow jones industrial average as tr

>> you have got to go with t-mobile, 60% owned by deutsche telekom. happens at the open, stocks are not trading here today but we will see what happens with t-mobile and sprint. an interview later on on bloomberg west with john legere, president and ceo of t-mobile. maybe we can press him on whether or not he wants the job of a merged company, sprint and t-mobile. >> thank you very much indeed, hans nichols. it for "the pulse," we will be back tomorrow. now it is "surveillance." ♪ kieve east slips away from and what's left of ukraine. the dow surges to record highs as the american economy appears flat on its back. ise case for thetech bulls - all about sales growth? ambergs is " surveillance." it is thursday, may 1. -- it is "bloomberg surveillance." we need to get to a brief this morning. brief presented briefly. the world,ta around u.k. manufacturing is stronger than expected. in the u.s., 8:30 a.m. we got the week list jobless claims. they correlate with the s&p 500. at 9:45 a.m., we've got consumer thatrt and u.s. pmi and 10:00, we've got the ism.

we put them on as an expert deutsch back took them public in 2000. failures? >>tons of them as a matter of fact. there was one enter paren newer we rowrote a check about six figures on the shelf. the money was gone before the commercial break. >> there is a.com bubble there are a lot out there to try to rangel a check out of predators. it takes a lot more to build a business than a 20-year touch. >> as i feel as we talk about this there's an excitement there i feel it on fox business a building an entrepreneur taking the risk trying something builds atren lynn. >> i absolutely thrive upon the adrenali adrenaline. >> part of that is when you invest you will fail. >> 80 percent fail in the first year 10 percent in the security and five in the third. you have five companies left standing out of 100 after three years. >> the five have to be profitable enough after the 45 failures. >> and then some. i mentioned one of my hits. that would pay for 10, 15, 25 failures. >> i am also an interpreter. i work for a two-year-old start up investment bank. i love entrepreneur

most importantly there's donny deutsch.e have a realtime correction here. >> i've had my publishers up all night over this. these are the kind of things, they seem small, these details. next thing you know, they're writing about me kissing mike barnicle. >> look in the camera and ask for a correction. >> i would like a correction because i was there four hours earlier. >> this is why republicans don't trust the lame stream media. you can tour with sarah palin and, like, seriously have -- >> you know, i know you've been through this before. >> what an ordeal. >> i'm reported to be in central park at times when i'm nowhere near central park. not by a newspaper, but the police department. >>. >> fine, good food. been there many times. >> but not this past sunday. >> not this past sunday. i think we need edward snowden on this. >> you have to draw the line at time, date, and place. the next thing you know, you will be on a date with sarah palin. you will be hunting moose. you will be making your own moose sausage. and it's all

issuing more than 300 million new shares at deutsche bank to strengthen its finances. boost comes as authorities in europe are demanding banks hold more money in case they run into money -- into trouble. ryan air science -- ryan air saw its shares fall the most in years. more thany rallied 10%, this as the carrier said profits this year could climb to 620 million euros. court has reduced the sentence of the former boss of entertainment group event he universal. nde universal. he was also ordered to take -- a pay a 50,000 euros fine on severance package worth 18.5 million euros when he left the di.dee -- viven that is the business news for now. back to you. >> thank you very much, marcus. i will have more news for you in about 10 minutes time. but first, let's head to the french riviera and get the releases from the cannes film festival. catherine is a member of the jury. ♪ >> welcome back. we are at festival hq for today's can rendezvous. behind me is where all of the main competition films are being screened. take you to meet one of people who has the tricky task of p

thatsure the executives deutsche bank are looking at barclays as a test case. core business for once, which has been tricky to value over the last two to three years. mess this up?on could diamond of course barclays in a difficult position because of bar cap, right? is the investment bank that is doing so badly, but where he may be right, and he is now working on africa, is that africa is one of the big businesses that the new ceo wants to be in. weak.xed income is so and maybe he foresaw the next opportunity, which is banking in africa. sofrancine lacqua, thank you much, anchor of "the pulse." you can check out her interview on bloomberg.com. >> i think she is dead on. it is deutsche bank, and then you go over to u.s. banks. this was mailed 18 months ago. well, butsidy as meredith -- >> barclays is exactly where they were back in 2010. isn't that amazing? >> let's get you a data check. jobless claims coming up at 8:30 a.m. futures not doing much at the moment, the 10-year yield higher at 2.622%. good morning, everyone. ."oomberg "surveillance tom keene with sc

deutsche telekom affectively owns sprint and t-mobile. to come together for a deal. the interesting thing about this is that no deal has been put on the table yet, there is so much open conversation with him saying he does not need to run a combined company when the idea of a combined company is not even formally out there. >> that is why it is so important to talk to a guy like him about this, there is so much speculation and so much of it is misplaced, misinformed, or even constitutes disinformation. >> alex, what do we know right now about where these ago she nations stand and where the planning is concerning a potential merger between sprint and t-mobile? that the ceo of softbank is targeting 80% owners on sprint, he is targeting june or july to put together an actual bid where he would come together with deutsche telekom, work out the details, figure out who will run the company and with a termination fee termination fee in cash and assets, the numbers would go a long way towards convincing deutsche telekom to giving them another sho

with us on set we have the chairman of deutsch incorporated, donny deutsch. >> good morning.retty. >> no. you're in trouble. >> okay. >> really? we'll talk. some people have excuses. and other people have excuses. all right. msnbc political analyst and visiting professor of nyu, harold ford jr. is here. hello. the host of "way too early," the always joyful effervescent thomas roberts. >> good morning. >> you're always in a good mood. >> i try. >> i need some of that. >> you're always in a good mood. >> i'm a little bogged down by life. but there's no reason for that. that's what you tell me. and in washington we have the ceo of politico, jim vandehei. several stories developing right now. in california 47 homes are in ruins following an outbreak of wildfires around san diego. crews battled flames on multiple fronts. some families were spared while others lost everything. the entire state is facing a serious drought. and the governor is warning this year's wildfires will be the worst. and relentless rain have left most of serbia under flooding. massive evacuations is underway.

they set up shop this tuesday with the dax about half of that, brought higher by shares in deutsche hop. they say they will profit from online retail sales. other businesses in europe trading higher -- the london ftse up more than .4%. hour, united states this round about 45 minutes or so left of trading, we see indices trading higher. shares are being pumped up i stronger than expected sales for big to get items in april. consumer confidence is showing signs of hurting of the nasdaq at this hour. the dow jones falling slightly behind the two other main indices. othertalk user a few companies and stories are following for you -- fiat according to the head of the international entrÉe fun of the banks are holding more capital now than in the run-up to the financial crisis, which is a good tank, but she said the finishing line to shore up the banking system is far off will -- still far off. british bank lloyds says it will sell off shares of its business a month. thats emerged as a brand has become the seventh largest retail bank on its own. regulations are pushing lloyds to sell its entir

meanwhile, deutsche bank is also being sued on special bonds. they collected bonds one day after the announcement of this deal. but after the recent record high, investors are very cautious. >> that was our correspondent in frankfurt there. let's take a look at figures, starting in frankfurt with the dax. it was down by about a fifth of a percent. euro stoxx 50, off by a similar amount, fishing at 3160 three. over new york, the dow jones industrial average is also trading down by nearly a full percentage. and the euro, down against the dollar, 136.99. >> going to a short break. when we come back, more on the floods that have devastated large parts of the offense. >> we will take you to bosnia and to serbia where entire villages have been left in ruin. >> so, keep it right there for the next 60 seconds. we will see you soon. >> welcome back. the balkans are flooded for another day. this time, two large rivers are set to peak at the same time, the sava and the danube. >> emergency services have been laying kilometers of sandbags to boost the river

deutsche telekom and the shareholders of t-mobile have multiple paths forward, and would we entertaino have the scale and options of consolidation? of course we would. and it is one of the ways forward. but what's most important is that this company, this brand, the uncarrier movement and this growth and the competition it's bringing to the united states industry, a that must be accelerated. so this is, you know, this is one of the variables and one of the paths forward for the uncarrier. cheryl: you know, john, it's such an interesting time that you find yourself in right now. there's also reports out today that at&t is considering merging with directv. i mean, we're having convergence of television, of ipads, of tablets, of phones, like you said. what do you make of that? what are your thoughts on these reports coming out today? >> yeah, again, amongst the reports that we've caught, it's a growth industry. it's a scale industry. it's a fast-moving industry. i think the kind of things that you're seeing with at&t looking in this direction, the things that you're seeing in the cable i

. >>> meanwhile, a different story at deutsche telekom. in first quarter profit as it spends more money in its north american operation, t-mobile u.s. deutsche telekom says the numbers show his decision to invest heavily in that business was the right one. >>> metro is in the green as investors strug for disappointing second quarter numbers. the german retailer reporting a wider loss as it suffered from a strength of the euro and late easing. the firm is making progress, especially in emerging markets. >>> a lot less positive for the british supermarket operator, morrisons. shares down. the number four grocer posting a worsening fall. the retailer continuing to struggle as it attempts to compete with discount retailers. >>> the we'll be speaking first on cnbc to the cfo around 20 minutes time from the munich re. >>> security issues have overshadowed the economic forum in africa. the president and chinese premier will make an announcement. we are joined from abuja. bronwyn? >> thanks, russ. i'm here in abuja, nigeria's capital. this is the

. >> deutsche welle has sealed a deal to work more closely with the television station in poland, tvp. >> they signed the agreement in warsaw. the networks will cooperate on joint productions and program exchanges, as well as combining efforts to cover major events, such as the current crisis in ukraine. pope francis begins a pilgrimage to the holy land this weekend. his three-day trip will take into jordan, israel, and the west bank. >> security is high. israel has issued restraining orders against jewish extremists. the pontiff's only public mass is in bethlehem, the traditional birthplace of jesus. >> we caught up with the city's christian mayor. >> this is one of the better parts of her job. she is meeting pilgrims from all over the world in front of the nativity church. two years ago, the palestinian woman became the mayor of bethlehem. >> when i became mayor, the -- it was not really positive in a place directly opposite to the nativity church. i changed the place to be opposite the nativity church. it is more than beautiful. it is as if i am a conductor who gets paid every morn

a touchdown by deutsche bank that in 20 major mint areas renting is better than buying. it's cheaper. over a year ago it was just 15, so it really is ramping up. >> we're looking at the markets where it's a renters market. >> those are renters markets. can you see cities are expensive, san francisco, san jose, silicon valley. >> orange county, san diego. >> exactly. >> where -- you mentioned renting. there's a buyers market. this is where it's better to buy. pop it up and we'll talk about it on the map. places to buy, better cleveland, rochester, tampa, florida, buffalo, new york, chicago. we've got that there. i want to get into the details and why. tell me why it makes sense to buy in some cases and why it makes sense to rent in some cases. >> let me make a case for renting. basically you don't have to worry about property taxes, home insurance. there's the whole issue of the clogged toilet. call your landlord and you don't have to get out your plunger. in this economy you get more flexibility. many people could not move to take jobs because they were stuck in their ho