we're used to seeing mario draghi as a softy in europe.vider of any type of monetary or fiscal stimulus in the eurozone. what is fascinating is that there are groups of people on the european left to feel like he has not gone nearly far enough. i am going to talk to the finance minister of germany today. betty: are you going to ask them about this? brendan: not about the glitter bombing, but erik schatzker suggested a good question. what is potentially more dangerous -- is that the european right or the european left? both are very frustrated with the ecb. we see the ecb as a big softy in europe. betty: hans tell us a little bit more -- brendan makes a great point about these groups. some think mario draghi has not gone far enough in his policies. tell me how policies have played out throughout europe. give me a sense of the european feeling about the ecb. hans: it is very hard for mario draghi to hit the goldilocks notes. the main question everyone is wondering now that he has started quantitative easing is when is he going to end it? whe

while president mario draghi was speaking.e was hauled off draghi resumed speaking and said quantitative easing will continue until prices are rising consistently. >> until the end of september 2016. in any case, until we see a sustained adjustment in the part of inflation, -- stephanie: draghi left interest rates unchanged. do you remember when gnocchinokia was the biggest maker of phones? they have agreed to buy alcatel. the deal will boost nokia's position in china and give the company contracts with verizon and at&t. in fall river massachusetts a jury has found aaron hernandez guilty of first-degree murder. hernandez is convicted of killing a man who was dating the sister of hernandez's fiance at the time. he could get sentenced to life without parole. no more toga parties. no more flounder. i'm talking "animal house." dartmouth college has shut down the fraternity that was the inspiration for that movie. dartmouth was not happy that the alpha delta house branded fl esh of 11 new members. the frat had already been on suspe

how is mario draghi going field questions?'s completely not a monetary issue really a political issue, and they just had to get on with finding a deal as the deadline moves. >> the e.c.b. is extending emergency liquidity to the greek banks, even though this goes through the bank of greece, the e.c.b. is still responsible for that. if greece had to take a decision, like for example, not paying a coupon to the i.m.f. they be the emergency liquidity assistance could fall into question. if there is a question on that i would expect draghi to answer very strictly, very strongly on not allowing greece to do unilateral decisions. having said that, it is political decision. greece has the same g.d.p. as a large european city, like milan or madrid. so the size of the problem is manageable, but it is a symbolic problem. you don't want to give greeks free lunch. on the other hand, greece needs more flexibility because if you have 170% debt to g.d.p., you cannot reason in terms of interest rate cuts and discounting these gains over the ne

draghi. we'll get to those headlines.rendan: the one thing that has meaning is what hans nichols just told us. there was a departure from the normal diplomatic language. reports by ian of bloomberg saying varoufakis was called in the meeting "gambler" and of a good time waster. tom: the heavyweights in latvia. mr. dragi speaks. olivia: the dl, it seems, -- the deal, it seems, ids dead. comcast dropping its bid to take over time warner cable. official word could come as soon as today. craig moffett says the future is clear as mud. he joins us by phone. thank you for joining us. so many different directions. we are trying to figure out what the fallout is. why do you say a charter bid for twc might be most likely? craig: charter was the one that cake this off in june 2013 when -- kicked this off in june 2013 when they made clear their intent to acquire time warner cable. charter has the inside track to try it again and i think it is almost certain they will give it a shot. olivia: what is next for brian roberts? does he sta

they don't really like surprises so that is white mario draghi's words were welcomed. the exchange is stable due to oil prices. the latest numbers from china contribute to market tendency. china wants to grow slower and to steadier in a more sustainable way. that is a decision that would be a problem for some countries like india and brazil deliver raw materials to china. investors in europe do not seem concerned. that is what the green numbers seem to show. >> the dax closed flat. -year-old stocks 50 euro stox 50 -- the euro trading at a value of one dollar .75 >> lots more news coming up. >> european lawmakers have passed a resolution remembering atrocities against armenians that began 100 years ago this month but the turkish president is adamant that the killings were not a genocide. he says he does not care what the eu has to say on the matter. >> the european parliament has called a resolution calling on turkey to recognize the deaths of hundreds of thousands of armenians as genocide. >> the vote came marking the 100th anniversary just days after the pope called t

mario draghi is expected to be asked. blame the imf or that. we will go to the market open with caroline. caroline: it is pretty much flat today and we have it flat as a pancake for the moment. looking over at china with the 7% number coming in. it was in-line with where the government wants that. if you dig deeper, the industrial production looks particularly weak and it is all about rebalancing and refocusing on the sumer and trained. there is a bit of a slowdown. we have mario draghi facing questions on quantitative easing. can you believe it? people were wondering when it might end. we have questions of structural reforms. what are they doing? you have it easy to spend and come by. let's take a look at the market and the drag on the australian dollar. it is a big area of commodities and they supply china and show a little bit of a wobble economy. that will head foreign currencies. chief and i on this. let's have a look at the commodities. oil is up in the united states because iran is the second member to come out this month. they say, mayb

mario draghi prepares to hold court a little later.ke a look at the euro versus nine currencies. as of today it is going -- it is only a 10th of 1%. year to date, the index is 7.7% lower. that is the worst performer the swiss bank -- swiss franc is the best. the euro index is down by 9.4% which makes it the third worst performing after the norwegian krone. the other currencies are the aussie dollar, the canadian dollar, the pound, the new zealand dollar, and the u.s. dollar. today's ecb meeting should be more imminent -- uneventful. a key questions he might face today, is tapering on the cards? are the ecb forecasts to optimistic? what is the latest on greece and the structural reforms? it probably will be one of the more uneventful meetings. caroline: you said it well. let's take a look at the other top stories. nigel farage just sent his manifesto and said it was serious. he pledged tax cuts and more spending on greece. president obama intends to drop cuba from a list of states connected with terrorism. it marks a shift towards resto

we are monitoring mario draghi's comments.rts talking, we'll be monitoring all of that. that news conference is expected to start shortly. >>> in the meantime, check out the european markets at this hour. france seeing the biggest gain it's up by three-quarters of a percent. germany up by half a percent which is where we got this music.music music. ftse is up. dow futures up 64 points s&p futures up almost 8 and the nasdaq up 18. stick around, we'll be right back. ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. ♪ grind virtually any kind of food waste into an unending source of electrical power for a city? when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or mov

but we didn't see mario draghi talk about bubbles much.ut why that impacts the euro versus dollar trade after the break. >>> the top of the hour, all over this big move in crude today, plus, bold predictions about the future of yahoo from the company's former interim ceo, ross levinson, you don't want to miss what he has to say about marissa mayer. >>> plus shake shack enjoying big ipo success. is it time to double up on the burger joint? >>> we go around the world with a five-star fund manager to find the best place to invest right here right now. carl, see you in about ten. >>> thanks a lot. let's get to the cme group and check in with rick santelli, the santelli exchange. good morning, rick. >> good morning, carl. today was an interesting day, being on trading floor, you get to hear some of the buzz as to what traders are looking at, what trade captures their attention and truly, you know not that treasuries don't have good volume at times. and decent ranges intraday, but if you look at the closing yield ranges, they've been tight. so t

switching to monetary policy now, mario draghi has not said anything very new. he's quite optimistic about the outlook for the economy but saying that is depending on the ecb implementing quantitative easing and to at least september 2016. if inflation picks up a lot faster than expected then ecb could stop the program earlier than september 2016. he rebuffed criticism perhaps there's not enough bonds out there for them to buy because a lot of bonds here in the eurozone trading with yields and ecb said earlier they are not going to buy anything with negative yields lower than the deposit rate which currently is at minus 20 basis points. but for now things look relaxed. next time we get the new stock projectstions from the ecb. the eurozone looking at the lower euro rate exchange which is helping the eurozone. >>> now to china where the world's second largest economy grew at the slowest pace in six years. investors are now looking to see whether the government will take any additional steps to pump up growth. >> reporter: china's gdp came in at 7% for the first q

manus: draghi also said don't better against the euro.rom an economic point of view are all the stars in alignment? things are getting better. from an economics point of view how do you look at your up? charles: looking at europe, it is not getting worse. you are in a situation where growth is slow but not terribly low, not in a recession you have qe that should provide stimulus. one concern i have is that you still have a lot of leverage on the banking side, which makes it harder for them. similar to what you had in japan in the 1990's. that is where i would say the biggest red flag is. in general, it's an economy that is at least improving. mark: let's move on to matters closer to japan. china is loosening policy once again. necessary after that week growth figure? will there be further policy easing in months to come? charles: there will probably be some. we should see some more stimulus out of the chinese government coming up. we have a growth story where things are slowing, you have a concern on the real estate market over the weeken

as long as mario draghi is good to his word. he has told us he will provide liquidity for the next 12 to 18 months he'll be buying euros so the liquidity basically is a promise from mario draghi to think that sellers would be rushing to the exit or shorters would be jumping in the pool, so to speak, i think is a little bit of a stretch. i don't expect that. i don't expect the 10-year bund to go from 10 asus points to 50 basis points but the key point is it doesn't cost you anything. historically, over the past, it cost an investor to short or sell a security because that's a negative carry. there is no negative carry here. you can basically do a written and winkle, -- rip van winkle go to an island, come back in five years, and know that the odds highly favor you made a lot of money area alix: good deal. thanks for joining us. stay tuned. coming up after the break, we will get views on greece event risk of their, and earning season with tech kicking it off today. ♪ alix: welcome back. here's a look at some of the top stories wer

mario draghi would love to have the problem janet yellen has got right now. tom: jonathan ferro, we appreciate it. olivia, google. olivia: breaking news on google. the eu commissioner in charge of competition is raising a statement in brussels. following the news that google has officially been delivered the charge sheet from european regulators. the accusation is that they have abused their dominant position in european search to harm competition, essentially diverting traffic from rivals to the on-site. interesting to see what the reaction is and if that changes google's business model. tom: jason turner with us -- jason trennart. you can dovetail this into the doubt in europe about the way we play the game over here. it's a constraint on american companies. jason: we have a washington office, we focus on policy. i will say technology is probably one of the most politically protected industries in the u.s. it's largely left alone in many ways. i disagree with what europe is doing because i don't think it's a good way to develop their own economy it will pre

drab dfg draghi will speak.ut there's questions lingering over greece. >> actually we're expecting a wide range of topics to be covered during that press conference. of course it will be qe and also whether there's enough bonds to buy until the end of qe which is supposed to be september 16th. moody's came out with a study that they think bonds will be in scarcity as soon as the early start of next year or end of this year and also looking at the bonds in the euro zone trading with negative yields and now making up more than 40% of all bonds in the euro zone that adds to that argument. so that's one big area. of course also the ecb will be questions on what they think about the increasingly negative yield curve in the euro zone whether this is not adding to financial instability. another big area is growth projections. we don't get any new staff estimates. it's in june when we get an update on them but recent economic data is suggesting there is room for a revision as well but looking at the minutes, the governi

mario draghi trending today. no surprises.an made a name for herself did she vaulted onto his desk at the meeting and through confetti on him while shouting "end the ecb dictatorship." jews taken away by security. our drug gathered himself and proceeded with the meeting -- draghi gathered himself and proceeded with the meeting. >> coming, oil trading near its high. we will ask our next guest after the break. ♪ >> if you look at the u.s. economy with the relevant strength compared to other economies, it explains the currency evaluation. it is coming from our strength and less strong economies elsewhere. focusing on the need for other economies to be stronger. >> that was u.s. secretary jack lew in an interview with peter cook. he'll meet with other finance chiefs and bankers from around the world at the imf. >> cap stories on bloomberg is our, vladimir putin takes questions from his annual phone in. defense ministers will gather in moscow for a two day conference on international security. on a plenary in australia fell -- the

mario draghi was attacked by a protester at his news conference in frankfurt today.rotester jumped on stage and blue glitter at him before she was put in a headlock and carried off. mario draghi was not hurt and carried on where he said that there is clear evidence that bond buying is working and the economic recovery will strengthen gradually. >> the risks surrounding the economic output for the euro area have become more balanced on account of the recent monetary policy decisions, but falling oil prices, and the lower euro exchange rate. emily: draghi push back at the idea that the program could be cut short at the inflation returns to target earlier than expected. bank of america's first-quarter results beat estimates. profits rose to $3.4 billion and revenue was down 5%. noninterest expenses dropped 29% in the quarter, but some analysts were expecting to be cuts -- deeper cuts after litigation over bad mortgages wind down. the sec is concerning to ease limits of foreign ownership of american broadcasters. just last month, republican commissioner michael o'rielly

draghi was not hurt. some blame them for hardship. >> looks like more confetti and glitter. glitter is bad news. he's be watched that out of his hair for days. jill wagner at the new york stock exchange. thanks a lot, jill. >>> straight ahead, how a new dad is getting ready to raise quintuplet daughters. >>> and swept away. a woman is swept off a cliff by a giant wave. we'll tell you how she was able to survive. >> announcer: this morning's "cbs morning news" brought to you by vagisil. intimate health. r intimate health experts. many wrinkle creams come with high hopes, but hope... doesn't work on wrinkles. clinically proven neutrogena® rapid wrinkle repair with the fastest retinol formula available, it works on fine lines and even deep wrinkles. you'll see younger looking skin in just one week. stop hoping for results, and start seeing them. rapid wrinkle repair... ...and for dark spots rapid tone repair. from neutrogena®. shopping online... ...is as easy as it gets. wouldn't it be great if hiring plumbers carpenters and even piano tuners... were just as simple? thanks to a

draghi has shown considerable grace.hink he could have done what they did without support of anglo merkel. jon: a little bit later have german economic forecasts in the leverage has been in the hands of the creditors. the forecast for growth has been improving and yields are lower. any leverage in the hands of the greeks when it comes to the negotiation table? >> there is but we don't understand fully what it is. we believe. ok. that could be how the conversation goes. it is whether or not the germans appreciate that there are some risks. we could get a rumsfeld and talk about the known unknowns and the unknown unknowns. jon: let's take it right here to london. a record loss from tesco. then the city's verdict that the stock is higher. this feels like the kitchen sink. we have seen it a couple of times with tesco. guy: this is a big number but everyone expected a big number. good news is bad news in this case. you start with an easier piece of paper and front of you. you know that the next set of numbers will be better s

market dispense have been drunk from mario draghi's kool-aid. there has been alcohol in it. i think the hangover can be difficult. one of the hank that's one of the consequences of what is going on in greece is you have a lot of negative yields. that has created a bubble situation from fixed income assets. what am i holding? is this something of value? is this currency gain? maybe the tide is going to recede. i am concerned. people waking up and realizing that he may be getting ahead of himself. jon: we will talk about that bull market. coming up, payday in the u k. we take a look at the final days before the election. guess who is about to come america's best paid ceo? he is under 40 and was paid to educating million dollars. -- and was paid $280 million. jon: good morning. welcome back. i'm jonathan ferro live from the city of london. a little bit later this morning. the last reading of u.k. unemployment before we go to the polls. we had a big debate last night. bloomberg politics anchor joins us for a little bit more. anna, the highlights? perhaps the highlight was there

has draghi slayed the specter of deflation? mark: welcome back. time for today's bar chart. has draghi slayed the specter of deflation? let's look at the evidence. when it comes to headline inflation, deflationary pressures seem to be easing. look at the top chart there. this is euro zone inflation over the last 12 months. there have been four consecutive months of below zero inflation. in the euro zone. nevertheless consumer prices did drop .1% and nearly in march. which is an improvement. see the white circle. from the minus .6% in april. which in january, excuse, which matched the biggest decline in prices in the history of these single currency going back to 2009. the 2% target to be fair. the e.c.b.'s 2% target. inflation target. is still, though, a long way off. and yet inflation expectations are picking up. the second chart is mario draghi's preferred gauge for inflation expectations. the five-year five-year inflation swap rate. now, back in january, it fell to 1.48%. that's the yellow circle there. that's the lowest sin

guy: what is mario draghi learning right now about what the fed is doing?cb, the issue of an exit is still far away. they will still keep buying government bonds at least until september 2016. how will it get out of the low interest rate environment? it is somewhat easier for the ecb to manage that exit because it conducts monetary policy in a different way. one of the big challenges at the moment is you have two divergent patterns. they are trying to ease the exit and that puts pressure on the european market on europe, on long-term government bond yields. i expect this to continue for the next few months. volatility may continue to pick up as we get this divergence playing out. francine: do you think we will get euro-dollar parity this year? we were close and now it is blown out of the water. marcel: you know with changes it is almost like flipping the coin. you can hardly give a good prediction. equilibrium is somewhere around 1.15 to 1.25. sure, it could drop further, it could go to parity. my best guess is we will see a fluctuation somewhere between pa

we want to hear what mario draghi is going to do. all taking a hard stance against religious freedom was in indiana and arkansas that they say discriminate. many issued a joint statement to lawmakers in response to the so-called anti-gay bill. we're joined by the newest member of the bloomberg family. this is pretty unprecedented for corporate ceos. you want someone to stay out of the political fraker why are they getting involved? >> it is not unprecedented. it is unusual. david rockefeller, when he was at chase, spoke often about apartheid, which was important then. if you look at the 1980's, the first head of dupont, not a dupont, spoke out. it used to be that ceos would talk together and now they are doing it independently. a bunch of ceo's are based in silicon valley. they feel liberated to do that. so mark benioff, tim cook, they feel free to do that. brendan: for me this prize was walmart. you expect tech companies to do a certain thing, but walmart -- is it fair to say that that statement does not reflect arkansas values? doe

mario draghi was to detail the program and answer questions from the audience. as we know, it did not quite go that way. a couple of minutes into the conference, he was shouted at and showered with confetti and a protester repeatedly shouted to end the ecb dictatorship. let's bring and andy. i have never seen anything like it. >> i thought i understood what it was. it is a whole new thing. >> it is a great picture. the ecb vice president has a big smile on his face and he seems to find the whole thing thoroughly entertaining from the -- entertaining. you have this theater. there was a debate to buy. >> you talk about the german bond and the equity will be losing money and they set this thing up. the germans say, if we do, we do not want it to distort the markets and the ecb says, of course. this is a distorted market. the european bond market. >> they say they do not see any problems with scarcity. the ecb can't touch that's -- this stuff. >> it would be great with their money. let's by the greek bonds. there is a scarcity thing. what they are trying to do is li

draghi resumed speaking. interest rates, unchanged.aron hernandez has been sentenced to life in prison with the parole following his conviction today of first-degree murder. a jury in massachusetts found hernandez guilty in the shooting death of odin lloyd who was dating the sister of hernandez's fiance. the conviction will be automatically appealed to the state's highest court. hernandez was selected by the patriots in the fourth round of the 2010 nfl draft. coming up stephanie ruhle's exclusive interview with stand druckenmiller and his take -- with stan druckenmiller. the president with the boston -- the president of the boston celtics. at 2:45 the spring housing outlook. stay with us. ♪ mark: stan druckenmiller has one of the best track records in the history of investing. he spent years working with george soros before striking out on his own. his fund was returning 30% annually for a quarter century. mr. druckenmiller does not just invest in markets. he is a major supporter of various politicians including governor chris christie

broken a job. >> in the ordinary course and what i saw is mario draghi had done that. stuart: you are wrong judge. you are flat out wrong and you sir, are wrong. if a banker would have decked a protester, he would have gotten a lawyer and said you used excessive force. >> you are talking about the natural right and the legal right to use one's fist to protect oneself and defend oneself. no criminal prosecution whatsoever. the reason i was chuckling is i agree with the protester. stuart: i do not want to go there. >> in what country did that happen? stuart: europe. >> europeans cannot defend themselves. stuart: criminal prosecution. >> you can use your fist to defend yourself. if she would have been restrained by security, loses the right to strike her because she is restrained. of course he can't defend himself. you never see that. stuart: you are wrong again. terrified of litigation from people. the left would just throw -- >> litigation does not happen in europe. stuart: i am talking about the united states of america. >> goldman sachs carrier would pay for the inter

draghi, and then tossing papers in the air. she was shouting, in the ecb, dictatorship.he ecb said she registered as a journalist. she had gone through an identity -- she had put her bag through an x-ray machine. they did not know how high her vertical leap was. and apparently how much glitter she had on her person. up next, farmers in california fed up with being blamed for the state's historic drought. and they're fighting back. an illinois man engages in the terrifying journey through the center of a massive tornado. we'll show you what happened here next. stay with us. ♪ congratulations. you're down with crestor. yes! when diet and exercise aren't enough, adding crestor lowers bad cholesterol up to 55%. crestor is not for people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness, feel unusually tired have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of serious side effects. i'm down with crestor

i have to say i think we hear from mario draghi too often.we hear from the feds. >> a lot of noise coming from the fed and various officials. even more importantly now ahead of the potential rate hike. that's why we're paying so much more attention to it. >> we have to ignore what they have to say and look at the data. that's the only thing we can get a good handle on. >> they continue to be data dependent. that would make sense. ignore what the fed officials say and focus on the woman at the top, janet yellen. she knows what's going to happen. >> let's bring in the global strategist. what is your expectation for the first rate hike? >> we had seen lacker last week in my hometown making the case for the june rate hike. we think september or december. data dependent. we'll have to see how the data comes in. our expectations is data will improve and a lot of this was tide tied to the weather. >> overnight we heard from the imf that increased concerns that when we do get the rate hike that there's the risk of another big taper tantrum. is that y

chief mario draghi unable to court that. a confetti attack. what happened. it's the last hour of trade. let's start the "countdown." ♪ >> we begin with breaking news in this stunning security breach in washington, dc. this one has shocked the capitol. just a short time ago. it's a gyro copter. one persona board person on boad landed. the pilot threatened of pulling this off. >> it's important to point out that fox has not independently confirmed this person's identity. it appears to be the same man who you talked about. who posted the video about his intentions to slide that copter. he's a postal worker from the tampa area. (?) he said in that video he wanted to protest campaign finance -- he would give a heads-up before landing. it remains unknown if anyone was indeed tipped off beforehand. but keep in mind, this area in our nation's capitol remains a no-fly zone. the capitol was momentarily placed on locked down. the president was briefed. in a completely different issue, the department of homeland security said it had informed high level fbi, cia, and dep

draghi, and then tossing papers in the air. she was shouting, in the ecb, dictatorship.b said she registered as a journalist. she had gone through an identity -- she had put her bag through an x-ray machine. they did not know how high her vertical leap was. and apparently how much glitter she had on her person. up next, farmers in california fed up with being blamed for the state's historic drought. and they're fighting back. an illinois man engages in the terrifying journey through the center of a massive tornado. we'll show you what happened here next. stay with us. ♪ ♪ lou: tornadoes packing up 200 miles an hour winds touched down in three midwestern states last week. and one northern illinois man captured his drive through one of those massive twisters on his cell phone camera and lived to tell the story. >> that is scary. the truck -- oh, my gosh. holy smokes. oh no. yeah. that is completely crazy. [wind blowing] >> the truck feels like it's about to lift up off the ground. not lying. oh, my gosh. woo! lou: i'm not sure that my language under similar circumstances w

. >>> and caught on camera, watch as a woman jumps into a trouble in front of mario draghi and yellingrity took her away. draghi was just beginning to speak when this happened. >>> officials in arizona are defending the actions of an officer who used his patrol car to take down an armed suspect. this was in february but just released. miguel almaguer gives us a closer look. >> reporter: dash camera shows a second cruiser making the violent collision. the direct view is drastic. >> violent. >> reporter: the suspect mario valencia is seriously injured but survives. police say his crime spree began when he committed theft at this 7-eleven 7-eleven starting a church fire and he steal as high powered rifle. the officer spots suspect. reportedly holding the stolen rifle to his chin. he radios dispatch. valencia ignores demands to drop the rifle. a sebingle shot fired by the suspect. officers are warned. >> this elevates the situation. >> reporter: moments later, quickly speeding up officer slams if to the suspect, violent and dramatic ending. >> i think it's clearly excessive police force. >

i would think your argument would be, hey, mario draghi is picking up the ball where janet dropped itat's big central banks. is that the reason people should be going into european stocks? >> well, certainly a lot of liquidity being dumped in by the ecb will help push up asset value. that's not my reason to be optimistic. that's probably a bubble more than anything else. i'm looking at the fact that there's been economic reform in a lot of european countries. corporate tax rates are coming down in almost all these countries. a lot of flat tax and private social security reform in eastern europe. southern europe, they've been forced to cut spending. there's a lot of free market reform in northern europe. so normally i'm a pessimist. i guess compared to where europe was five years ago, i think there are bright signs. >> what's there to be bearish about, garrett? >> first thing, good evening, liz. well, i have to say, the first quarter of this year has been something of a record breaker for european markets. it's up 20%, the dax. but if you look at the record of stimulus and what it does

draghi later returned to finish the news conference. she did not. still to come here, the people in yemen are in desperate need and our exclusive report condemning aid in the capital. >>> also ahead, immigrants arriving by sea. we'll look at the risks immigrants are taking trying to find a better life in europe. people ship all kinds of things. but what if that thing is a few hundred thousand doses of flu vaccine. that need to be kept at 41 degrees. while being shipped to a country where it's 90 degrees. in the shade. sound hard? yeah. does that mean people in laos shouldn't get their vaccine? we didn't think so. from figuring it out to getting it done, we're here to help. [ male announcer ] diagnosed with cancer, he didn't just vow to beat it. i vowed to eradicate it from the earth. so he founded huntsman cancer institute. ♪ everything about it would be different. ♪ it would feel different. ♪ look different. and fight cancer in new and different ways. with the largest genetic database on earth that combines 300 years of family histories with health

watch as this woman jumps on to a table in front of mario draghi culloughing con ing throwing confetti at him. draghi was just beginning to speak about the european economy when it happened. >> back in this country, a warning today for makers of k.i.n.d. bars. some of its products are misleading consumers. in a letter to k.i.n.d. snacks the fda is asking the company to strip the term healthy from its packaging and snacks. the letter also brings up concerns over claims about antioxidants fiber, the lack of transfat and other ingredient mislabeling violations. >>> take a look at this a tough time for commercial pilots flying into las vegas. high winds yesterday at the airport there made for several rough landings. pilots fought cross winds, some chose to avoid the runway altogether. >> well beautiful day today. dry conditions making for nice conditions, but with the sunshine and the low humidity also the breeze out there, we do have a red flag warning out, which means there's an increased risk for wildfires. it will still be nice into tomorrow. nice day. but we are tracking rain before t

a protester disrupting mario draghi's news conference. >> the european union filing anti trust charges against google. >> earnings, bank of america missing. first up a stunning development at the ecb news conference after president mario started speaking he was interrupted by a female protester. take a listen. >>> this is immediate coverage giving the protester everything she wants. they left rates unchanged, guys after the first month of qe running at 60 billion euro's a month. >> i have to tell you. yes, those are pyro techniques no doubt about it. i believe central bankers say in germany who aren't upset it's over. it's been that aggressive and i think the big issue will be are they going to let him continue a program that has already started growth because growth's inflation. >> was she protesting negative rates? do we know? was she upset about the fact that i don't know. you're almost at 10 years now on the german bun where they're paying, where you're paying them. >> 13 basis points this morning. >> that's what you get. i don't know what she was protesting. if you go to throw con

mario draghi announced that he will continue quantitative easing until he sees a sustained inflation. just spoke with jeff klein talk -- i just spoke with charles schwab and he says that it probably still in the table. when you look at oil prices, we are seeing a big rally their. oil is the highest this year because the latest crude supply data is that it was at the slowest pace since january. of 5% today alone. look at the dollar. it has weakened today. and of course, given that oil is up you would expect to see the dollar is down. it has proven to be the driver behind the dollar. sure, the rise has slowed a little bit but we are still up by 9%. a little later on, i will talk about netflix which will be reporting earnings. >> and of course, have a stronger dollar plays into all the earnings reports we will see. thanks so much scarlet. we now have a dropdead date for a great deal. we spoke to the german finance minister in an exclusive interview just hours ago. brendan joins me now as long as my guest host for the hour, the chairman and cio of cumberland advisors. brendan has been up

draghi over the weekend said it was pointless to short the euro. do you agree?one of the most dominant themes in investors minds has been this idea of policy divergence and what that means for capital flow. we're starting to see the reverse. is we're seeing the impact on negative bond yields. >>> i'm so glad you brought up negative yielding bonds. it's one of my favorite topics. many say that this is due to the desperation for yield but many say it's actually a bet on the currency. if you are buying negative yielding bonds, you are expecting the euro to appreciate in the coming months. >> it's really the fact that european -- foreign central banks are more sensitive to negative yielding bonds. we estimate on a monthly basis currency unhedged that we see about 10 boil of euros selling by foreign investors who are selling their wonds back to the ecb and moving back into high yelled assets. >> what does it in parity with the dollar. >> year end. >> we're also talk about what happened in sterling it just hit 1.5. a lot of people saying we should be factoring in labo

mario draghi was unharmed. this is not the first time protesters acted out.member this, throwing shoes at president george w. bush in 2008. microsoft founder bill gates, got pie in the face. then there was the pie in the face in belgium. newt gingrich was showered with glitter in minnesota four years ago, just to name a shoe. liz: if you take a pick, the glitter bomb. david: although pie in the face might be fun. more companies doing it, using online personality tests as primary part of the screening process. many job-seekers, say the questions are idiotic and the process is impersonal. are they right or does it work for businesses? "wall street journal" lauren weber wrote all about it. we also have a company that advices companies on the test. lauren, some questions seem very indirect yet their answer, really could make-or-break a job applicant's chances right? >> they're indirect on purpose. the original personality test, these have been used in the work place for hiring purposes for a few decades. the questions used to be fairly straightforward. now they'r

it is now trading higher after the ecb president mario draghi's comments on the european economy.nd the dollar is trading lower against the yen after the weak u.s. economic figures we just touched on obviously including industrial output and manufacturing activity in new york state. >> and back to the asia pacific there is a focus on australia this morning. >> a big focus on the jobs numbers. that's going to be the highlight for the morning. and that also follows a survey of consumer sentiment that showed sentiment falling below last year's average. australian resource related shares have been hurt by a slowing demand in china or slowing growth in china and falling prices of a lot of industrial raw materials of which australia is one of the biggest producers. but right now a bit of a mixed opening for the nikkei and the topix. we'll see how that progresses back to you. >> thanks for that update. >>> officials at japanese automaker toyota have announced their first major expansion overseas in years. they will build new plants in motion co and china, an investment worth more than $1

, jumping on a desk in front of draghi and showering him with confetti made from a statement condemning the ecb's neoliberal policies. she wore a t-shirt that said "and the ecb dictatorship." hillary clinton has shifted her stance on same-sex marriage just days after announcing her bid for the democratic presidential nomination. clinton opposed same-sex marriage as a candidate in 2008, then came out in support of it in 2013, but suggested it should be handled by the states. on wednesday, a clinton spokesperson said in a statement clinton -- "supports marriage equality as a constitutional right." six people were arrested after occupying the lobby to bp's headquarters in houston, texas ahead of the fifth anniversary of the explosion and oil spill which devastated the gulf of mexico. on april 20, 2010, the deepwater horizon rig exploded, killing 11 workers and triggering the worst offshore oil spill in u.s. history. among those arrested wednesday were cherri foytlin, from south louisiana. >> i have seen with my own eyes the devastation this spell has caused and continues to cause to this s

if there is a declaration, similar to that of mario draghi's of 2012, that the eurozone will do whatever it takes to remain indivisible and at the same time there is announcement of an agreement between greece and its international and european partners, on a number, especially fiscal matters, let's agree on appropriate fiscal numbers that not exorbitant as they are now. p sub is standings investment packages through the european central bank. a way to write off non-performing loans from the banking sector in order to unclog the clogged circuits. privatization policies and social security and safety rather than five things. debt restructure proposal that doesn't have haircuts and ends up giving more value back to the creditors through gdp and bonds. at the same time we attack, what i call the trilogy of sin in greece which is procurement, bureaucracy, the political system with a such a cozy relationship with the oligarchy and the media that play a toxic role in greek society and always have done. at the same time, we have reforms that then percolate down to the level of produce market su

mario draghi repeated a call for reform measures. -- aware of their limits.he imf singled out the eurozone in an assessment of growth potential across the world. those are your top stories this morning. let's get back to our conversation with steve schwarzman. erik schatzker joining me as well. we did not get a lot to talk about your real estate portion. you entered this megadeal with ge. given that there is always a cycle here with property, what can we gleam on your outlook? steve: you can be a buyer and a seller. at the same time, and do well doing both. the reason for that is when we buy properties, we have a reason for buying them. we are not buying a market. we have a saying john gray who runs our business popularized "by it, fix it, sell it." we buy them, do something to that property and write put in bees, new facilities. -- in lobbies new facilities and then sell it. on the buy side, supply and demand of properties in terms of do construction is under control. right now, we don't have -- in the united states and europe there aren't that many cranes.

carl: when mario draghi said we will do what ever it takes investors believe 10. japan has always been taking half measures. alix: the fed did. carl: when the fed move the currency fell. bank of japan, people just have a lack of conviction they will stick to the course of action. alix: it is a big week. we have a summit of the americas. we are going to hear from angela merkel. congress returns to washington tuesday. wednesday super busy. we have the ecb rate decision. ipo pricing for nc and virtue. we have inflation on friday and earnings kicking off. we have jpmorgan, bank of america, goldman sachs. carl: retail sales on tuesday. consumers have slumped in q1. it is all about how much the economy can bounce back. alix: talking about earnings outlook and where you are betting into earnings season. chad: flat for this year. when we look forward we are overweight on consumer staples and make a cap technology stocks. when you ask out -- x out, you will have ratings growth. this is not great. the deceleration of growth. i believe the imf will start to lower their forec

and moving over to mario draghi in europe right now.nt to bring up a chart for those of you on radio. it shows the share for american investment, actually growing for the -- actually growing rapidly in the last four years. why is our portion of the debt much larger? lisa: right now, our deals in europe are plummeting. and the risk is creeping up. u.s. companies are saying, we can go overseas. we can sell debt to the yield start european investors -- which they really are, talking trillions of dollars of negative yield there. if you have a positive yielding u.s. junk-bond, it looks fabulous in europe. and even if these companies do buy cross currency swaps the differential is still cheaper for them right now. it's still cheaper for to sell debt in europe. olivia: and its companies including huntsmen that are still able to get a bargain. actually, thinking of the big story in the news this morning $70 billion acquisition i shall of e.g. group, shells corporate yield is close to you zero -- is close to zero. robert: you could argue the u.s

minas: that -- manus: that environment, mario draghi some detractors are saying the ecb should not goway because the data is getting better. at black rock, is the premise that the ecb needs to go the full mile 1.1 trillion and terms upon a easing, to achieve inflation? mr. hildebrand: president draghi made it perfectly clear that this is not something to be debated at the moment. they are committed to implementing this program. like any central bank, six months from now we have a different situation a big growth spurt inflation expectations moving dramatically, he will reconsider. at this stage it does not look like that is on the agenda. manus: who is going to win the currency war? yen does not seem to know where it wants to go. where do you favor the most? mr. hildebrand: i still struggle with the term currency war. we are seeing extreme monetary policy, not all at the same time. as a result we have seen comfortably -- as a result we have seen, productively, robust currency moves as a consequence. i don't think this is a matter of a currency war. it is uncomfortable on the other sid

if you look at financials they are up i think 118% since the draghi announcement. there are still interesting financials in the sector. you have to be really careful how you pick the stocks. caroline: does it worry you. we had apple losing probably a few percent but down goes the market by $12 billion given its value. they said it is going to hurt us further going forward. does it put yufe u.s. stocks becausor to currency issue or is that just a short-term issue and it is not really the businesses being hit? >> i think you could see that way back, 18 months ago coming through and the impact on the currencies. now we're having it. so you to look at what's happening going depaurd. do you think dollar's strength right now, right now dollar is in a -- do you see the dollar strength continuing in the normalizeation trade of -- for policy in the u.s. and the q.e. in europe. that is probably right. however, not at the same pace. when you go back to the start, you have to think about how much is anticipated. and what else is going on in the company? so you know, you can ha