deutsche welle went on air in cologne on may 3, 1953. a bridge connecting to germans abroad with the aim of changing germany's image in the world eight years after the second world war. soon, dw was broadcasting in other languages. the building of the berlin wall in 1961 cemented the blocks of the cold war period deutsche welle became a voice of the free world expanding its services aimed at eastern europe and the soviet union. >> the people were isolated. they were not allowed to travel. they lived under constant fear and tension and listened to all the foreign broadcasters, not just deutsche welle but all foreign broadcasters. among them, dw had an excellent reputation. >> in 1959, the fall of the wall heralded a new era for the world and for dw. there was a huge interest around the world in a reunited germany. in 1952, dw tv was launched, a foreign television broadcaster to supplement the radio programming. >> our coverage focused on issues related to germany's reunification, which closed the huge challenge for the country. what follo

. >> and an inspiration to young people in china -- a chinese blogger wins deutsche welle's award for online activism. we begin with the big rally. germany's benchmark dax stock- market index rose to its highest level ever tuesday, becoming the first major european stock market index to follow wall street into new record territory as investors bet on the continued success of exporters despite economic weakness elsewhere in the eurozone. >> there is an intraday record of 8206 points, surging past the previous high set in july 2007. the move higher had gained fresh impetus last week after crossing the psychologically important 8000 level for the first time since march. >> bullish is the mood on the stock market these days, and on tuesday, germany's dax in frankfurt closed on a new record high. confidence was boosted by unexpectedly strong earnings reports. that sent the index soaring past the 8200 mark. the dax closed at 8181 points. it has now caught up with the u.s. market in climbing above pre-crisis levels. the strong numbers, as the european central bank announced it would cut inte

on the importance of continued dialogue. ,> the best blog award presented by dutch well i -- deutsche welle. more than 7 million people follow his blog. other internet projects in bangladesh, togo and morocco received awards for dueeutsche welle. on wednesday, kurdish rebel fighters began withdrawing from turkey as part of a historic cease-fire deal. these are earlier pictures of the rebels. the pullout itself is happening in secret. >> the armed groups inside turkish terror terry -- territory are now leaving our borders. the fighters are heading for a time is kurdish areas in northern iraq. 40,000 people have been killed in the 30 years of fighting between the kurds and turkey. a cease-fire was agreed last month. >> at least eight people were killed in the italian port of genoa after a cargo ship crashed into a control tower. the structure collapsed into the water. diving gear in spent wednesday searching for bodies. the external staircase was all that remained of the tower. the crash happened as the ship was maneuvering out of the port. prosecutors have opened an investigation into the in

well. deutsche bank getting hot on the online travel sector. back to you.: the online travel sector got hot in relation to what they did. thank you very much. david: another stock or at least in the news, was yahoo! announcing it would buy a booming blogging site called tumblr. ceo marisa maher is trying to breathe some new life into the aging internet pioneer. >> push to lure users and advertisers comes at a rather hefty cost when you super impose it how much money tumblr has made. the cost was $1.1 billion, about a fifth of yahoo's's cash while tumblr only made 13 million in revenue in 2012. was this the right move? we have a senior recently at jnp securities u you've been looking at it, yes or no, does tumblr give yahoo! as we were calling in a meeting coolify yahoo! and is that currency in of itself. >> it does. this is first major acquisition for yahoo! has done in long time. it is already adding to audience immediately. 50% growth in audience with tumblr's 300 million users. it will add to traffic as well by 20%. so in theory, in the next couple years

deutsche bank up 10% in just the past week after announcing a secondary offering. goldman sachs is down 1%. should you try to continue to bet on this european bank rally? >> wellin the case of deutsche bank, you sell it here. i think you can short it here on a short-term kind of technical move or a quick date. or i think you can also structurally say that european banks -- even deutsche bank are going to have to raise more money. ultima ultimately, deleveraging and raising capital are painful things. balance sheets and painful for their earnings. what's deutsche bank going to do? they'll have to lighten up, which is easy money. this is cash cow for them. ultimately, dodd-frank and what the fed are trying to do, which means all european banks will have to create another banking entity above their u.s. business to be regulated by the fed, which means that they will all have to raise more capital. and i think right now, you take this basically 10% move before the 10% move, and you sell deutsche bank and you see a lot of great news priced in here. the ecb told you today that things are very difficult there. >> let's move on. the big movers of the day. we've got a

fridayd freedom day on coincided with the deutsche -- it went on-line with a radio show and shore radio was frequently used. ♪ deutche welleit has expanded into an enterprise of hard news and entertainment, speaking to the world in 30 languages, with on- line content, but the core mission has always been the same, speaking out for press freedom and democracy, worldwide. [captioning made possible by kcet public television] >> thank you. very, very good to be -- very good to be in san francisco. i got to say, there are places one goes where one feels like one is doing an immense amount of good and then there are places where one feels like it's almost not really necessary. whatever the kind of solar-era equivalent of bringing coals to new castle, you know, that's what coming to san francisco and to green fest feels a bit like. but we do need to get you guys completely engaged in this fight,th

. >> duncan, real quickly, as well, where we saw deutsche bank rally, do you think this is a sign that elsewhere across the banking sector raising capital can actually help performance? >> yes, absolutely. that is the one key legacy for the deutsche bank and the last two or three years has seen capital. that was a fantastic decision by them. they will receive a massive transaction. and i'd reference you back to the u.s. last year where you have stocks that are constrai d constrained. the performance in stocks caught up. it's a rally compared ta what you're seeing in deutsche bank right now. >> all right. we'll leave it there. ross. >> thanks for that. meanwhile, we are now 20 minutes into the trading day here in europe. you can see we waited to the up side and down is he session lows. 6 to 4 outpacing decliners. the ftse 100 flat. the xetra dax is flat, the ibex up a third, down around a tenth of a percent on the ftse. we are waiting for the employment report, as well. we will be talking about that in depth. and as far as euro/dollar is concerns, 1.4243 on wednesday. the uk economy in

. >> there's a piece of research by a guy who likes you, wells fargo, says it's called you're a bond. deutschet too. this is bond-like. when i first saw it i thought maybe like james bond. but you accept in our view, the company understands its lot in life, a slower, no-growth environment. i look at how so much of your business is united states. i know there are restrictions on what you can sell overseas but some brands have got to be gigantic if you get them overseas. >> they could be. but cad bury sold them in 1998. >> asia, you just made a deal. >> we can do some stuff with the noncarbs, exactly right. and we have a team look at that right now. but i want to keep the team focused on north america. even though the behemoths out there have slowed down, have some cold fatigue, we still have a lost opportunity with distribution and availability. now, some brands are doing well, others doing -- stand out well, some stand out badly. how do you make more with mots and how do you contain losses in hawaiian punch? >> the mots has taken off well for us. we had had the cold weather this year. last yea

we'll have reaction to those numbers as well from the ceo of deutsch post frank appel. >> nobody expected very strong growth for the first quarter anyway, and you know, these are marginal changes to what has been forecasted. the rescission, that's what happens on a regular basis as well, and germany can't, you know, disconnect from the world either. the world is in particularly good shape and the growth is limited, and therefore it's not a surprise that germany didn't have strong growth either. >>> meanwhile, france is back in recession, reporting a 0.2% negative number for first quarter of the year, follows a similar decline in the final months of 2012. stefan is in paris with more of that breakdown. stefan? >> yeah, ross, it's the first time in four years that the french economy's in recession, but let's face it, it's been on the verge of the recession for a year and a half at least, so it's more like a symbol, but in practical terms, it can't change anything on the ground. according to the national office of statistics, investment in france declined by 0.9% on the quarter. exports cont

. >>> well, earlier this week, germany's railway operator deutsche ban announced plans to use drone technology combat antisocial behavior on public transports. meanwhile, brazil will be deploying drones near football stadiums in the upcoming federations cup as testing grounds for the world cup which is taking place next year. some argue, though, that the widespread use of drones has a serious privacy concern. joining us now is sam smith from privacy international. hi, sam. >> good morning. >> first of all, explain to everyone who is a drone and how it works. >> an unmanned vehicle. like an airplane, but there's no people on board. they generally require a runway, but he can get some similar to helicopters. >> and most require runways. >> yes. they're control by people on the ground. the tv program x-factor was using a small helicopter drone to take video and there was a problem with it and they crashed it into the thames. now, you can do that when there's somebody there watching it and you have a crowd of several hundred people below it. >> so what are the big business opportunities that peopl

donny deutsch is still with us as well as brian shactman.amnesia, the nixonian slur, and other big lies. part of it he writes this. let's state this very simply so everybody will understand. i'm trying to read it with the contempt joe would read it with if he had a southern accent. the notion that barack obama is nixonian or that his administration's recent troubles bear any resemblance to watergate is the biggest media lie since the phony whitewater scandal crested during the republican presidency. but yet we have this morning "the daily beast." the pentagon papers lawyer james goodall actually talking about it is time for eric holder to resign and saying actually he went beyond what richard nixon did by actually criminalizing journalism. is this a lie? >> i have to say i have the highest regard for jim goodall, my lawyer when i worked at the new york observer. he is a great lawyer. he has a little off the deep end. i don't think he is lying because i think he really believes it. i think other people like mitch mcconnell say this and they k

well. utilities overall have been lagging the market. we see deutscheaded excelon from a hold to a buy, talking about revenue headwinds. that is something that hit credit suisse downgraded first energy corporation. which we bought to neutral from outperformed. both are coming under pressure where we see so many up your rose with 27 of 30 dow components actually posting gains. these are two names indeed pulling back. back to you. melisssa: nicole, thanks so much. lori: breaking news. alan krueger is leaving his post as president obama's chief economist. peter barnes on the story from the white house for us. what, he had enough? >> no, lori. actually, this is not uncommon, universities like princeton where alan krueger came from usually limit the leave of absence for their tenured professors to about two years or so. alan krueger, who took over the job as head, chairman of the council of economic advisors in november 2011, has already gone past his two of had year mark. there is a little bit of the wiggle room in that. sources telling, confirming with our

well. >> the troika has far too much power. we can no longer assesse -- accept a system of democracy. >> many demonstrators moved on to other sites, including the headquarters of germany's biggest bank. >> we accused deutsche bank of continuing to push commodity speculation, and we criticize its involvement in land grabbing, which is forcing people all over the world off their land. >> the protests are a prelude to a mass demonstration planned for saturday. organizers are expecting around 20,000 people to take part. >> and on to friday's market action, european shares ended the month on a negative note. our correspondent said as the summary of the trading day at the frankfurt stock exchange. >> t-shirts, black t-shirts, jeans, running shoes, hoodies, even. it is not exactly the kind of a tire you would assume a banker or trader here on the frankfurt floor would be wearing, but that is exactly what people want to work this day. it was not a usual workday. riots of the stock market, everything remained quiet, but people had to get to work, so it was a suggestion by many employers that people who work here not necessarily appear as bankers right off the bat, so as to avoid a possible conflict. it did not do a

well. >> the troika has far too much power. we can no longer assesse -- accept a system of democracy. >> many demonstrators moved on to other sites, including the headquarters of germany's biggest bank. >> we accused deutsche bank of continuing to push commodity speculation, and we criticize its involvement in land grabbing, which is forcing people all over the world off their land. >> the protests are a prelude to a mass demonstration planned for saturday. organizers are expecting around 20,000 people to take part. >> and on to friday's market action, european shares ended the month on a negative note. our correspondent said as the summary of the trading day at the frankfurt stock exchange. >> t-shirts, black t-shirts, jeans, running shoes, hoodies, even. it is not exactly the kind of a tire you would assume a banker or trader here on the frankfurt floor would be wearing, but that is exactly what people want to work this day. it was not a usual workday. riots of the stock market, everything remained quiet, but people had to get to work, so it was a suggestion by many employers that people who work here not necessarily appear as bankers right off the bat, so as to avoid a possible conflict. it did not do a

deutsche bank saying that copper is particularly vulnerable. >> bob has been glancing around to see where the markets are going. >> come on 22. yes we're done but not much. the dough has held up fairly well interest rate sensitive names have not held up. they are down about 4%. another interest rate sensitive group. so far the jury is out. see those dips? recovered quickly. we are down maybe 2, 2.5% from the recent highs and we're stable right now. the jury is still out. >> let's grow up town to seema. >> here is a big story on our radar. i spoke to sources who said that a deal could close as soon as next week. declined to comment. that's the latest. in other news, speaking of far ma. wac to you. >> i will pick ut up there. thank you very much. it's time for the power run down. >> you will never see as many great women investors and traders. he later apologized and saying much of my adult life has been spent fighting for equal opportunity my remarks offended and i am sorry. my off the cuff remarks at the university of virginia with were regard to global macro traders who are on call 24/7 and of whom there are only a few thousand in the world today. how did these remarks strike you? >> be

think that one situation there where deutsche bank was able to tap the markets, raise money and go higher could just be putting a bid under all the european banks? >> wellit is obviously driving the european banking sector further forward in terms of the fact that the balance sheets are strengthening. but what isn't being recognized is that we are going into -- the pressure on profits is going to remain. and we look at roes, for example. they're going to remain far more subdued because how much further can cost cutting go? there's the benefit they've done so far, but going forward, how will they be able to extract growth? europe is still stagnating. retail banking is still stagnating, and it's a tough situation. even in germany, which is much stronger economically, in terms of the banks, they still have a lot of exposure to periphery debt. so you've still got that tie-in with what's going on in the eurozone. >> gemma, so what's your favorite names over there? >> i'm not going to be picking names. it's more of the theme that we're driving. we picked some financial funds. >> geographically, though, which countries? >> geographically we're looking much mor

deutsche bank, jpmorgan and morgan stanley topped the u.s. ipo charts last night. the underwriting arms at the banks are small within the larger institutions so the bottom lines unscathed as wellocks. shares of morgan stanley up 85%, goldman sachs 62.5%, jpmorgan up 53%, the s&p 500 just 27%. facebook still feeling the sting of the fallout, swarms of litigation and the stock is down $18, it's gotten one suit tossed out, the stock is still down 30% from that $38 price. finally, the nasdaq, shares have definitely rebounded hitting a 12 1/2 year high, nearly $31 a share but the exchange has had to pony up some $62 million to compensate investors that lost money in a deal and still awaiting a fine being slapped by the sec citing that sec action impending nasdaq today and declined an interview. scott we'll send it back to you. >> facebook the worst performing nasdaq 100 stock over the past year. i got a lot of facebook likers though. >> we're long facebook and if you look at the chart in facebook right now, look at the 200-day moving average it comes in around the $24, $25 range and the stock hasn't gone below that in the last three months. it's setting up a nice space and could go

deutsche bank, the likes of persia and volkswagen and porsche are doing well, as you can see.ith earnings. pur pushed the stock up to high. check out dhrks is ryan air over the last five years against southwest. almost parabolic towards the end of that. it's done much better than the originator, as you like. the other group that has moved today in europe are the mining stocks, the precious metals stocks. you've seen what's happened to gold and silver and all the rest of us. some not as far down as it were. it's going to be a busy week in europe this week. not just with the data. ben bernanke speaking here wednesday after the two-day meeting. then mario draghi will speak. it was ten months ago that in london he first said he would do whatever he could do to save -- >> last july. >> on the european summit, i know you love the european summit. >> there are so many of them. >> i know. constantly. but you guys do it with the red carpet and velvet ropes. you do eight lot better. >> i think that undermines the process. when you interview all the ministers going into the meeting, it u

deutsche bank, thanks very much indeed for joining us. what's the impact of this inflation on the likely to be for the central bank in items of their policy? >> wellntral bank has been somewhat hawkish in its tone, arguing that they're still lingering on uncertainty in the economy. that when you get data like this today, whereas you pointed out they were significantly below expectations and the three-month analyze rate of inflation rate momentum has fallen to 3.75%, core is below 3%, i can't see how the central bank can remain on the sidelines with this sort of data. i expect them to cut in june when they meet the market time. >> yeah. it's kind of interesting, you know, some of the numbers are weaker because of the production number ves dropped a little bit. how would you characterize the underline strength of the economy? >> it's very poor. the underlying trend is across the board into production, you look at what's happening with the pmi. we saw some figures in the beginning of this year, it's weighing substantially. the upward gap is substantial. therefore, there is no avenue with which producers can raise prices at this point and on the suppl

. >> and an inspiration to young people in china -- a chinese blogger wins deutsche welle