bernie ecclestone goes on trial. we'll see what the racing series would look like without its current c.e.o. > and shaqenomics. he's larger than life. shaq tells us how he built an empire after the nba. >> we're getting breaking news. german business confidence just breaking fow. >> the data coming through a little stronger than anticipated. expected of i.f.o. number was 110.4 so a stronger than expected read fitting in with some of the data that we have seen. the euro, well, up another leg his morning. >> we know someone in frankfurt who would not be too pleased about that. mario draghi. >> g.e. in talks to buy france's alstomach for $13 billion. >> matt campbell and caroline hyde are here. matt, let's start off with you. why did this work for him? >> there is a macro maker here. g.e. is of course one of the largest american industrial companies. it has enormous amounts of cash held outside the u.s. when an american company holds cash outside the united states, it is very costly ever to actually bring that home. rat

ecclestone is the most powerful man in motorsports. but the charges against it comes down to fit his future. and i'm happy and to his tenure would be a bit of help so swollen. for the man who has made for morneau won his life's work ay ay ay. since the nineteen seventies. ecclestone has worked at turning what was maybe a sport into a lucrative global brands since twenty ten the palm of one's annual turnover has grown steadily to me one point five million units most of the money comes from licence fees and tv revenues which ecclestone has been instrumental in negotiating the fall of two thousand and six the german bank finally have a stake in the business prosecutors say eccleston pushed to the bank to sell its interest to accompany the book keep him in the top jaw. he's accused of paying for tebow million us dollars in bribes to jam and thank you again how could cost you it was then on the board and finally. in twenty eleven to call ski was jailed for tax evasion and corruption nicholson says he was coerced into paying the subtle the f

it is he that bernie eccleston is meant to have paid $44 million. it's clear the defense team will go after his credibility. they said the bribery did not exist and accusations are unfounded, misleading and incoherent. it will be a tough trial. bernie eccleston has to appear every week between now and september and run formula 1 at the same time. >> what will it mean for formula 1 if he's convicted. has there been a debate about what might happen if he is imprisoned? >> if he's imprisoned he'll be off of the show. c.b.c., the company that controls it, their boss said if bernie eccleston is found guilty, he will definitely be sacked. he's operating as the chief executive , and stood down from various positions on the board. it's known eff pulls the strings, turns up and is a fireman. if problems turn up bernie sorts them out in his style. if there's any notion of him found guilty, he'll go. there is a ground swell of opinion that that is one case too far. it's a serious one. there has been other ones. he survived, but this is the end of the road. the

ecclestone is the donor. there's no dispute whether it was paid.is if it was honestly paid above board like he says. >> guilty or innocence, do you think we're seeing the end of bernie's career? i'm thinking of the high court appearance in the uk this year where the judge dedescribed him untruthful and unreliable. >> he's an 83-year-old man. he's got charisma in buckets. he says openly i've got no intention of retiring. he left school at 16 traded in motorcycles, tried hand in motor racing, became an owner and business man worth $3 billion. he ain't the retiring type. clearly a jail cell in brevaria might alter that. >> thank you very much. >>> 180 million people in india are going to the polls in the sixth day of marathon general elections. local media describe it as a crucial stage to decide the smaller but regional powerful parties which could act in the major politician. turnout is expected tock high. the capital of mumbai we have a correspondent in the polling booth. let's go to her live. >> reporter: i'm in the suburb in western mumbai. we ha

the issue for ecclestone is that there was a u.k.xonerated him of planning a bribe. the u.k., when they -- when the u.k. judge said that bernie ecclestone himself had been guilty of making a corrupt payment and that he wasn't a reliable witness. >> if he is found guilty, what would it mean for formula one? >> well, for formula one, it is not good. they would probably be obliged down ecclestone to step as the chief executive and he doesn't have anyone to take over. he doesn't believe in career planning. then again, he admitted to making this one rather not very kosher pame and that doesn't say the a lot about his integrity when he is running this sort of business. >> we'll watch that story with interest. theome up, we'll how is you latest power climb in macao. >> it is time to look at some of the most compelling images of the day. now a former mexican sports commentator estimates he spent more than $75,000 collecting world cup memorabilia over the last few decade. he has 1,500 world cup figurines. dozens of stick er albums, t-shirts a

judges have found that ecclestone made illegal payments to a former german bank officer.stone has run formula one since 1945. another day, another deal. this time it is industrial. u.s. engineering giant ge said to be eyeing france's alstom. here with more, caroline hyde. ge is paying quite a penny. >> on a five percent premium. -- 25% premium. alstom has said, we haven't heard of any approach of a deal. we understand that ge is eyeing up its smaller rival for $13 billion. that would be the biggest acquisition ever made by ge. chief executive jeffrey immelt is trying to reverse a stock slump since he took over in 2001. caution to the wind, going for a bigger deal. at $13 billion to snap up a company which really has serious engineering. it is all about locomotives, trains, power equipment. the timing is pretty apt. we are starting to see a turnaround in europe and in the united states. that are governments looking to start piling money into infrastructure. >> the timing looks good for alstom. >> alstom hasn't really weathered the storm all that well. crisis didnancial put

eccleston says he's the victim of coercion, he surveyses up to 10 -- faces up to 10 years in civil if connected. >> the food and drug administration proposes to ban the sale of e-cigarettes to anyone under 18. it will not restrict flavour oured products, online sales or advertising. it's the first time the $2 billion eindustry faces federal legislation. the proposal will be open to public comment for 75 days. >> facebook says it tripled profits, exceeding analysts expectations. the social media firm has 1.28 billion users, half the world population. a jump on the mobile app helped to push up advertising revenue. growth in desktop users slowed. >> divers in south korea retrieved 171 bodies from the wreck of a ferry disaster. rescue teams are searching for 130 still missing, believed trapped inside the sunken hull. most were students on a field trip. >> the high school in south korea has become a shrine to the dead. students have returned for the first time since a ferry accident on wednesday took many of their classmates. the yellow rib lions, a familiar site, carry messages of love an

investors among the pushing ecclestone to enter the computer age.minutes past the hour, bloomberg is "on the markets." lower,futures slightly starting to earnings season again. bank earnings out starting friday. "on the markets" again in 30 minutes. coming up, gm begins to recall a lot of cars today. a week following mary barra's testimony before congress. what is next for gm and its media besieged ceo. nasa makes a fashion statement. astronauts america's will look the next time they return from the space. you are watching "in the loop," live on bloomberg television, streaming on your tablet and bloomberg.com. ♪ workflow 30 minutes away from the opening bell on this monday. you are a little bang -- you are "in the loop." overseas selloff in tech stocks likely to spread to the nasdaq. we will look at the logistics behind march madness. we could see a wave of sanctions against the private equity industry. the majority of private equity firms charge or unjustified fees to companies they invest in. to fix recalled cars today. according to the wall stree

. >>> plus ecclestone goes on trial in munich to answer bribery charges which he denies. >>> hello everyonerst breaking news from ukraine where the interim government has been moving to break a series of pro russian occupations in the east of the country. within the past hour, it says it's destroyed three check points manned by illegal arm add groups in the eastern city of slovyansk. ukraine describes them has terrorists. the ukrainian government says it has regained control of the city east of mariupol port. and regained control of pro russian separatists. in slovyansk, donetsk, mass gunmen and protestors occupy government buildings after two weeks. they refuse to recognize ukraine's go. . the question remains, how much control does russia, moscow, have over the pro russian separatists in the east of ukraine? president barack obama has accused russia of failing to respect the terms of last week's geneva agreement which seemed to often hope for a chance at defusing tensions. >> we have seen them not a bide by the spirit or letter of the agreement in geneva. instead we continue to see militi

in the aftermath of the crash in the burning fuselage, lori and mark eccleston could not find their 11-month-old daughter, sabrina. they had to make a choice that no parent should have to make. whether to escort therefore and six-year-old son's out of the burning aircraft to safety or tuesday and look for sabrina. in the thick smoke, they made the chase ashtrays to get them out safely. mark ran back for sabrina. he heard her cry but only once. sylvia and now tries to return to the plaintive look for her son evan. the senior flight attendant blocked her path and told her she could not return to the burning aircraft. she said helpers would find the baby. sylvia looked at the flight attendant and said, you told me to put my baby on the floor, and i did, and now he is gone. ever since then, that senior flight attendant has been on a crusade to ban lap held children on flights. are transcends statistics and facts. it has to do with how our brains are wired. i would like to ask you to think back. for the journalist in the room, i want you to think back to an interaction with your first edito