peterson had just passed ericsson who was hurrying to the mess room. they had a full day in front of them. the busy summer season was half over. it was a saturday. and the eastland set off the dock near the clark street bridge, not their usual one on the chicago river. they were about to board 2500 western electric workers on holiday. they would meet probably at 7:30 on a two hour cruise to their picnic grounds 40 miles away in michigan city. the eastland needed to leave on time. after michigan city, had to get up to st. joseph's, another michigan town, to pick up another load of passengers and return to chicago. then back to michigan city to ferry the western electric picnickers back to chicago. some 400 miles of nearly back-to-back trips in the next day and a half." erickson, our engineer, sipped his coffee unaware that the eastland would not make any of those ports. within three hours he would be thrown into a jail cell with his watch stopped at 7:33, the exact moment he nearly drowned. so, after that, i begin to describe what happened at the dock i

peterson had just passed ericsson who was hurrying to the mess room. they had a full day in front of them. the busy summer season was half over. it was a saturday. and the eastland set off the dock near the clark street bridge, not their usual one on the chicago river. they were about to board 2500 western electric workers on holiday. they would meet probably at 7:30 on a two hour cruise to their picnic grounds 40 miles away in michigan city. the eastland needed to leave on time. after michigan city, had to get up to st. joseph's, another michigan town, to pick up another load of passengers and return to chicago. then back to michigan city to ferry the western electric picnickers back to chicago. some 400 miles of nearly back-to-back trips in the next day and a half." erickson, our engineer, sipped his coffee unaware that the eastland would not make any of those ports. within three hours he would be thrown into a jail cell with his watch stopped at 7:33, the exact moment he nearly drowned. so, after that, i begin to describe what happened at the dock i

when he was called before chicago prosecutors, he was asked about if he had had a conversation with ericsson about it. he denies it. he denies having been on the ship, though there are pictures of him on it. and, steele makes plants, after the ship sank, to raise it and take it to a different port. he decides to take it elsewhere. questioner: considering the magnitude of this, i have never heard of it. why do you think a disaster of this magnitude was such a scope of humanitarian failure? why is this so trumped by the titanic? mr. mccarthy: that is a great question. i have a couple of thoughts. none of the passengers were well-to-do. them a royalty -- none of them are royalty. these are poor working people. for a long time, we did not have anybody to blame. it seemed to just have tipped over. that didn't work for me. i didn't believe it. someone did something wrong. never ever found it. that was part of the problem. finally, and importantly, the country moved on. right after the eastland sank, world war i happened and that eclipsed everything. i was just remembering a detail about walter ste

then it comes down to ericsson.rs closely followed by alcatel which is also a little higher. the stoxx 600 is literally just holding on to gains, down. the chinese are supporting their equity market, again. but bill ackman says that there will be global consequences of china's equity rise. let's look at the fx board. the euro is trading virtually unchanged. it is the dollar index which comes back. the dollar is the dominant trade, some would say, based on janet yellen's comments about the readiness of the fed to raise rates. we are back to flat at the moment. the euro sterling is off of the seven-year high. who will go first? the fed or the bank of england. let's talk about ericsson. they had their biggest jump in a year and are leading the charts. they had profits that topped analysts' predictions. joining me is the ceo hans vestberg. well done on the numbers. people are concerned about the margin. at the harder the issue is this. what are you seeing from the mobile operators in the united states in terms of return

. >> i was reading the conservative blog this morning and eric ericsson had an interesting take on theopularity of trump. i'll read you a bit of his blog. he said quote, essentially trump supporters do not care that trump's past actions align with the democrats from immigration to health care to social issues to donations. they don't care because trump is causing problems for a republican party that they decided does not care about them. robert is that spot on? >> i think it's totally spot on. the gop needs to figure out how they can get behind donald trump but as i said a few times my predictions have come through. not only on your show but on fox news that he is going to be the nominee and he's going to win the presidency of the united states so they need to figure out how to get behind this guy. >> can you get into the notion that many voters within the republican party thinks the republican establishment doesn't care about them? >> robert cannot be serious. if you look at the cross tabs of any survey you find that his position is driven almost exclusively by working class white une

we ask ericsson and other companies to police themselves. you can tell whatever conclusion you want. what i show as dozens of examples like that. the question becomes decide for yourself. do you think this is a coincidence? they don't dispute the decisions made. they say it's all a coincidence. i don't believe they happen not frequently in politics. >> over the last dozen years couldn't have been involved at hundreds of transactions with foreign investment and foreign corporations around the world. there is barely an oligarch, royal family or a foreign investor in trouble with the law not represented. >> what we did is look at the clinton foundation contributors. those are disclosed because of a wise decision barack obama made as president of the united states. for hillary clinton to be secretary of state they were required to release the names of other contributors and do so on an annual basis. they have been a great and remit to the effect. the new york times had undisclosed multimillion dollars donors that were not disclosed. they violate

ericsson is clearly innocent. he is one of the six. the other five or for it least were guilty -- or four at least were guilty. ericsson got everybody off. they are in from washington. you had clearance zero, who was just to die for any courtroom. best in a-- in a courtroom. he was unbeatable he got his man off. they never should've been charged. the other guys who are complicit got off as well, unfortunately. sir? [indiscernible] >> the boy... a week after this disaster, there was a grandmother who located him in the morgue. i don't know where she was or why it took so long. she eventually did lead authorities to tell her that this was her grandson. she may have been to shocked -- too shocked to go through and plow through dead, frozen corpses. when they did, she gave the newspapers a photo of him. we have a photo. there are square openings used in all ships to put passengers or cargo aboard. in this case, the ship carried both fruit and passengers. the problem was that because the ship had a tendency to tip those gangways needed to b

later this morning, we are going to be joined by the ceo of ericsson as well as both of their companiesen releasing their numbers. numbers from electrolux in the last few minutes. let's talk about telik=coms. we are joined on the line from stockholm by johanpresident and ceo. it seems your earnings have topped estimates. a rising sales picture seems to be behind of that. give us your take on how the business is performing. guest: we have a mixed bag as usual but slightly more positive than last quarter. we are happy with the progress in the nordics driven by the internet explosion. i specifically happened with the norwegians section, upping estimates to over one billion cree natio swedish krona. in sweden, we are seeing the consumer side growing steadily. driven by the -- leading the world in many aspects of digitalization. happy about that as well. more of a mixed bag in eurasia. a tough macro situation. fierce price wars in some of our markets. trying to balance that. organically, slightly week. back by m&a's. anna: mergers are topical across europe in your sector. the eu has expresse

wreck tv's deal with the nfl claiming that it is an illegal monopoly that prevent competitors from ericssonthis and a court order forbidding the exclusive build and a film and tv has not respond to a lawsuit also in the court we have the jury in the trial of the carter shooter cuba back to the rain again this morning they fail to come to agreement that deliberated for more than seven hours yesterday they're trying to decide and have met their burden of proof and proven that he was capable of knowing right from wrong when he did what he did the glorious said that he was in a box of a psychotic episode 2012 attack in not his right mind cannot be found guilty will let you know as soon as they reach a verdict the searchers and washington state have found the wreckage of a small private plane that crashed in the mountains. >>james: the debris was found about 20 moslem aside one of the small plane went down on the same day the teenager was the only survivor of the crash and 18 your texas man is dead and investigators think it may have been his pet cobra that killed him they said he had a program

ericsson is up 5.7%. 888 holdings shares high about 4.2%. they're trading higher and the company completed a $1.4 billion deal. shares trading slightly lower on the news. you can see them down by 0.5% and high by 4.8%. let's hear what the ceo has to say. >> we're very cautious. if it happens we'll be happy but we depend on our clients and especially around the world. we have to be very cautious the economic environment is still volatile in a way so we have to be quite cautious for the second half. >> still to come on the show new year new rate the bank of england's mark carney says we're edging closer to a lift off. what's the outlook for sterling? we discuss next. push your enterprise and you can move the world. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. >>> welcome back. let's have a quick look at the bond m