we are seeing fairly big moves and ericsson and vw. ericsson is down nearly 10% this morning.popping. cap is a really sensational performance, considering where it was yesterday as well. it was up yesterday and it is up again today. we may be conflating a whole bunch of stories here. not as hardix is as it was suggested, but anyway volkswagen stock is popping sharply. up next, we will be joined by the only economist who correctly predicted the policy cocktail accused by mario draghi last month. that story, next. ♪ guy: we are 10 minutes into the market session. it is draghi day. expect some volatility. equities are on the front foot. up is leading the charge, .3%. we can call this a fairly flat open, but when you actually dig into the stories that are behind moves, it isewese interesting. vw is a really popping. ericsson though, is down by 9%, the biggest move in a year. but check out this vw stock. movewas after a big yesterday. we have continued that trend and we are seeing a bunch of stories come together, but the headline we are going with on bloomberg is pushing this $10

stay with us. >>> ericsson shares are trading sharply lower. joining us now for reaction is hans vestberg, ceo, live in stockholm. thanks for joining cnbc this morning. you have announced reorganization but investors are not pleased. tell us exactly what you are hoping to achieve and how this positions you going forward. >> i think that we are, of course in a big transformation. the whole industry is in a transformation. we have invested in some new areas, from media to building systems and etc. and now the structure to execute and build profitability and enhance the profit growth. the long-term plan is there and we're putting the new structure in place. >> you expect to go further but are your hands tied when it comes to this macro environment? what is the real deal when it comes to the sales and the revenue forecast? >> we are dealing with everything we can control inside the company. our cost structure and we have a big program we're executing on and doing right-sizing measures in the this and next quarter. and several emerging markets now f

chp says the driver, austin scott, intentionally hit officer ericsson.rested scott in another stolen pickup truck after a short chase that ended in fairfield. >>> san francisco police are still looking for arianna fitts. that's the missing 2-year-old girl. sources tell abc 7 news a body found in mclaren park on friday was her mother, nicole fitts. nicole was last seen april 5th. police say she was the victim of a homicide. officers have not said how she was killed. her family says they don't know anyone who would have wanted to hurt nicole. she was living in san francisco and worked in a best buy store on harrison street. family members want to know what happened to nicole and are desperate to find arianna. there's a picture of her right there. >> i can't imagine why she would have any enemies. she is just did nothing but give. >> the family has started a facebook page to spread the word about arianna. >>> happening today, a major change for families here in california. governor jerry brown is set to sign legislation increasing paid leave for people to b

overall michael ericsson grew up here in san rafael. he is still in intensive care at uc davis medical center. the chp veteran stopped to help a driver in the median of as best 80 last thursday. chp said the driver, austin scott, intentionally hit him. the short chase ended in fairfield with an arrest. >>> a missing two-year-old sources tell abc 7 news that the body found in mclaren park was her mother. abc 7 has more now on the search for this woman's daughter. >> i want answers to what's happened to my sister and my niece. >> reporter: grief and wory consuming these family members who are desperate to find their 2-year-old niece, arianna, now missing. >> we're hopeful we'll find our niece alive. >> reporter: police say arianna fitts hasn't been seen in public since february. her mother, nicole fitts, was last seen april 1st and reported missing april 5th. tragically, abc 7 news has learned nicole was found dead on friday in san francisco's mclaren park, the victim of a homicide. the family says nicole had no enemies. they say she was

>>anny hong: on interstate 80 near madison avenue police say the driver of the pickup hit ericsson withp erickson is in critical but stable condition at uc-davis medical center is a 17 year veteran the chp at a u.s. marine veteran. >>anny hong: criminal investigation into the deadly fire at a temple in southern india police detained five people for questioning and are seeking and least 10 more in connection with the incident authorities say of firework ignited the stockpile and the fire doors police say he was killed after exchanging words with the driver or and his car shot smith was shot several times his wife also should get hit twice in the leg and taken to hospital this spent the entire nine year nfl career include and help them win the super bowl in 2010 tisch. >>reporter: it was a time to let loose from arts and entertainment and letting the in the musicians shine there something special about sunny afternoon stroll that shoring different neighborhoods if you missed out the next time to enjoy sunday streets and the mission will be august 21st. >>anny hong: they're heading home ru

investors say he comes upon a truck and a driver deliberately hit ericsson and then drove away from the st.. officers found a truck abandoned at nearby. the driver had left the track and still another track officers located the driver and he arrested him. suspect is identified as austin stocks. >>: oscar by officer michael erickson was a victim of a deliberate attack to kill police officer. he was a victim of assault. >> anny: the officer was taken to uc-davis medical center. he previously worked in san francisco napa and one can. >> mark: senator 10 cruises gain momentum after walking with all pledged delegates at the state republican party to mention in colorado. the cruise victory has stalled tromp on the attack not focusing the tent on his opponents also recalls a corrupt system. >>: so much for he wins and keeps a 20 tennessee. he has a chance. why does it have a chance? because the system is corrupt. it's worse on the republican side. i'm up millions of votes on a cruise. domain like to vote i'm up millions and millions of votes. i'm uplights hundreds of delegates. we have a corru

ericsson, we have to focus on corporate stories. falling theickson most in one year.by hans vestberg from sweden. thank you for joining us. your share price is down 10%. you're falling behind in sales. a lot of your competitors are doing better than you. how do you stop from here? looking at the first quarter we have a flat sales compared to first-quarter loss. we have a clear improvement on the bottom line. betweenally went out all of the swedish krona in competitive 2.1 loss. we have some weaknesses in this report as well a along the service station get a traffic worker. that is where we see emerging markets. that is for seven quarters. it is getting an impact on their investment level in countries like brazil, countries like russia, portugal, the middle east. there are weaknesses in north america. that is where we have seen a couple of quarters. tom: transfixed by intel's restructuring, 11 percent of employees leaving as they are restructuring. will you need to do the same? your employment account is remarkably like intel's. will you have over 10,000 people go out

what is the pressure on you and your team to find new architecture, new technology y at ericsson. we are not only into that, the cloud is the case. we are going into media, software --rom innovation is on the forefront. again, that was hans vestberg, the ceo of erickson. hear from both on production. we have much more, next. ♪ ♪ welcome back to the european close. iran today saying it may consider an oil production freeze, and not at the january levels. connan caught up with him at the oil summit in paris. >> if the freeze will help the -- you will see another sanction against iran. she also tracked down the secretary-general of opec who answered questions about opec confidential demise. that --r many times functioning as long as there is oil in iran. asks questions if opec's recent moves is making the group more relevant to the oil market. validit is a very question, but oil is creeping higher and that is something many of the producers will be happy about. they would want some sort of action on production. something.how you the saudi might be smiling. saudi's stocks are enable m

officer michael ericsson grew up in sand rafael.stopped to help a truck the chp said the driver intentionally hit the officer. >>> san francisco police are still looking for arianna fitts, a missing 2-year-old girl. sources tell abc 7 news a body found in mclaren park friday was the toddler's mother, nicole fitts, who was reported missing on april 5th. police say she was the victim of a homicide. officers have not said how she was killed. her family says nicole as far as they know had no enemies. she was living in san from an and worked at the best buy store on harrison street. family members want to know what happened to nicole and are desperate to find her daughter arianna. >> we can't imagine any reason why she would have any enemies or anyone would want to hurt her. she just did nothing but give. >> the family has started a facebook page to spread the word about that missing girl. >>> happening today, a major change for families here in california. governor jerry brown is set to sign legislation increasing paid leave for people

. >> reporter: no suspects are in custody in this case to ericsson's unit this turns out to be in denver in kidnapping and were to take up and now he was in the backseat of a vacuum return trip home run away means police will be treated as a kidnapping nonetheless. >> pam: fbi has from the search of a two year-old girl mariana has not been seen since late february. >> pam:her mother, 32-year-old nicole fitts, was found dead in mclaren park last friday. arianna had been staying with a babysitter in oakland. police have not arrested any suspects in her mother nicole's death, nor in arianna's >> grant: tends traffic tonight after a verbal directions were shot down for a time. all the cars police searching for robbery suspect after multicar accident on 880. >> grant: pareve crash scene and then a police state there was an armed robbery on the peninsula earlier today and military and the suspect vehicle crosses and the tail bridge into the east bay spotted by police believe the suspect car was involved in the crash and the suspects got out took off running no sign of vamps the traffic issue a

not sure everybody realizes in the states how big ericsson is. that andt get past raise their revenue. as a result, the stock getting killed in sweden. david: let's talk about volkswagen up about 24% over the last two weeks. a person with direct knowledge in the matters is that the german car company has agreed to pay billions of dollars to settle claims over the emissions scandal. let's get the latest, joining us live is chris. tell us how certain is this settlement and where is it and how big is it? chris: it is likely to reach a settlement today. this is the second deadline that volkswagen has faced in the u.s. it is very important for volkswagen. it will be a milestone in their efforts to get out of the crisis, which has dragged on for seven months. details addedre the hearing in san francisco in a few hours, but it is going to be a costly settlement. as you mentioned from that stock or today, investors are happy scandal has been dragging on for months. nobody knows how much it will cost, so we will get more of an idea of how much it will cos

. >> what's your understanding, brad ericsson how the subsidies work here and are people locked into this purchase once they put down 1,000 bucks for this car? >> no, absolutely not. we actually went out to a physical location and spoke with several dozen people in line intending on buying the car or putting down the 1,000 bucks for the reservation. a lot of them expressed a indifference as to whether they would actually purchase two years out. no, you can absolutely get your money back any time. >> paying $1,000 to stand in line with the cool guys, right? >> great country, isn't it. >> brad, thank you both for joining us. >> joining us, we welcome back kim forest and ben willis from princeton securities at post nine and hello rim santell i, had a busy day on this jobs friday in chicago. ben willis, i've noted the decoupling at least today and we've seen it lately what do you make of that and do you think we'll see a trend? >> it's a great selling for the power of short selling and cost of covering those shorts. that has now been unwound. we now looking at futures contracts there's b

eric ericsson, thank you. >> you're welcome. >> a fbi hacker could be posing as your boss attemptingo steal your information. we'll tell you how that works. you're late for work. you grab your 10-gallon jug of coffee, and back out of the garage. right into your wife's car. with your wife watching. she forgives you... eventually. your insurance company, not so much. they say you only have their basic policy. don't basic policies cover basic accidents? of course, they say... as long as you pay extra for it. with a liberty mutual base policy, new car replacement comes standard. and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. learn more by calling at liberty mutual, every policy is personal, with coverage and deductibles, customized just for you. which is why we don't offer any off-the-shelf policies. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. >> new this morning, the fbi is issuing a warning about a new

ironically, ericsson is real surgery method we need to change our vetting and peer of radicalization.ou believe in. stuart: there is a way of vetting without crossing a religious barrier where you are targeting a religion. you can set without profiling a religion. you can do that. >> for the last 10 years i was trying to pass the message along to congress in a briefing, for the past administration, current administration, hopefully the next administration that of course there is a way to do it. but there is a pushback or lobbies. those lobbies are basically for the muslim brotherhood don't want to be able to determine whose jihadist and his not. this is a protection for their own militants. stuart: am i a bigot if i raise the question, how do you trust muslims in security positions? does that make me a bigot? by the way, they just put a protester into interrupt the rally. they are dealing with it right now. you can see it off to the side. let's listen in for a second. [chanting] >> i wonder what state he came from. you know, they send them around. the last person hillary wants to run