. >> a case in point of what randy was talking about, in europe sweden's central bank slashed interest rate deeper into negative territory. expanded the bond buying program to stem the rise in currencies. swooed and central bank just one of several in europe measured to fit low inflation. >>> the organization for economic cooperation and development is warning global economies from relying too much on monetary policy to support growth. the oecd's chief economist said overreliance on central banks could exacerbate risk taking and endanger the stability of the financial system. >> i think there has been an overreliance on monetary policy. we understand why the central banks have moved the way they have or the way they're going to to but that can't be the only policy we're looking for. a sense of certainty about what the fiscal path is going to be. there's been uncertainty about that. >> said the outlooks for the world economy improved especially in europe as the euro depreciates. >> mario draghi authorized the ecb building in germany today but the ceremony was met with protests that he r

the moment he takes a step outside he'll be picked up by the europe police and send to sweden more sexualconduct. and he'll be sent to the united states. he'll be prosecuted not for leaking, but for receiving a leak and being complicit. thor was chelsea manning. that means you are not well advised if your reporter - talking to anybody with access to national security. >> you buy the report the ranking of 49th in the world of fresh freedom, putting united states in a position where it's less free than el salvador and niger. it's a low ranking. >> obama has been terrible for the press. he's number one. he's deep six... >> let's talk about the shield law. a lot of states have it. there's no federal shield law. if you are a reporter in federal court, what's the implication. >>. >> the implication is that you are protected. if you want to protect the course. you say i have the shield law, shielding me from being asked about my source. fine there's a law there. a lot of states have. the united states doesn't have it. there was a law by the house. guess who deep six. >> president obama. >> why?

europe," with some of the best personal stories behind the headlines. great you could join us. on today's program -- in belarus, a mother with nowhere to mourn. in paris, cleaning the air. and in swedenelling at the sky. belarus is often called "europe's last dictatorship" by western journalists. but over the last year, the crisis in ukraine has distracted the west from worrying about alleged human rights abuses there -- and, after hosting ukraine peace talks in the

europe," with some of the best personal stories behind the headlines. great you could join us. on today's program -- in belarus, a mother with nowhere to mourn. in paris, cleaning the air. and in swedenrvelling at the sky. belarus is often called "europe's last dictatorship" by western journalists. but over the last year, the crisis in ukraine has distracted the west from worrying about alleged human rights abuses there -- and, after hosting ukraine peace talks in the capital minsk, the country's president alexander lukashenko is even keen now to portray himself somewhat as a peacemaker. but the problems in belarus are still very much there - as our reporters found out when they met up with a mother who says her son was wrongly executed. reporter: lubov kovalyova feels compelled to speak about her pain -- again and again. she tells how her son vladislav was executed in march three years ago. he was 26 years old. his mother doesn't know where to go with her grief. she doesn't know where her son was buried. lubov: we don't have a grave. that's why, when our neighbors heard that vlad was no longer alive, they laid flowers right in front of our door. and now here they are. he was such a

were saying before the break, a better placement is this dynamic of weakness in europe spilling over into places like swedenrland emerging markets. that is having huge capital flows around the world. that's where i think the other piece of this is. i wouldn't call it capitulation. it is just a recognition that you aren't controlling the long rate as much as you were. jonathan: bridgwater coming out with a note, saying that we could face 1937 type scenarios for the equity market and citing policy areas of the last couple years. i look at the ecb, the hikes in the first half of 2011. could we be contemplating the bank of england doing the same thing? a hike that is too soon? david: the point is we've been making -- sweden cut rates. japan raise rates. they are now doing qa. the ecb rose rates twice. the u.s. economy is slowing and they are determined to raise rates. these are the questions that i'm asking, which are slightly different. adam: i would make a slight distinction between u.k. and the other examples that david mentioned and the fed. u.s. economy is slowing but it is slowing from a pretty good nomin

europe. uk republic of ireland, france norway switzerland, sweden and germany. this was two years ago. it had a huge impact. even in the uk yesterday, a man was found guilty of supplying beef labeled as horse meat. this isn't just unique to the netherlands. this is where it was seen as starting from. willie has spoken. he said he's denied doing anything wrong. he said possibly mistakes were made and he was shocked when horse meat was found in some of the products. he believes it may have been on the machinery. he admits having horses at his premises in netherlands, but denies deliberately selling it as beef. he believes he will be acquitted. >>> james gordon made his debut on american tv as a chat show host. he's the new resenter of the late late show. the problem is that many people in the u.s. have never heard of him. peter is in los angeles. >> the new host of the late late show on cbs. >> reporter: the fresh face of late night comedy. james gordon taking over from craig ferguson on the chat show after midnight. he had a starring role on "into the woods." this actor turned tv host i

what everyone says sweden is probably the most innovative in europe. it gets more venture capital funding than britain and germany. >> really? i didn't know that. >> israel, there is this wonderful book called "startup nation." they have more nasdaq listed companies than any country other than the united states and china. this is you know, 5 million or 6 million people. what i noticed is they also do very badly on these international tests. in fact, they do worse than the united states. but what do they have in common? they have non-hierarchy goal education systems. you can challenge the professor. you can follow your passion. you can ask questions. it's very flexible dynamic economy. look. a force would be best if everyone had strong math and science skills but maybe in creating real innovation what's equally or maybe more important is these other broader factors that you know you can fail and you can still pick yourself up. you can question authority. you have confidence. >> we have to take a short break. when we come back i'm going to talk to fareed

i document in the book the problems western europe is having in britain, france germany, sweden of all places. where a large number of muslim immigrants are coming to these countries. and they are not assimilating. and they are not intoegrateing and they are forming self-segregate self-segregation societies. the europeans have not encouraged assimilation. they have told new arrivals to keep their culture. if we go down that road in the united states we have big problems. and i fear we are seeing that to a degree. i am not trying to paint a prod brush. i have met a lot of good somalia leaders who walked me through what is going on. but if we have problems with assimilation and integration we have to be on top of it. we cannot have droves of the american population growing islamic terrorist. i smoke to a man who worked for years in the city of st. paul and i asked how the recruitment process works. i think this is one of the most fascinating aspect of the book and a chilling but eye opening discussion. he said this is how it works, erick. a jihadist recruiter, ileacsusually young enough

europe. at the moment, most of them are arriving in two countries italy, and greece. but most of them move on to other european countries and claim asylum in germany sweden, just the twontries account for 57% of all occupation by syrians in europe so clearly there is an imbalance. we want the union to imply mechanisms so that it can be shared, for instance refugees could go to other european countries than italy and greece, and we are in discussions with the european union, because there are proposals and we hope that the political will will there to find solutions to what are very complex problems it is indeed, but i guess a lot of syrian refugees would still harbor hope, that eventually they can go home, do you think perhaps as resources would be better spent in helping the refugee camps that we are seeing in the neighbors cunning of syria so asking the european nations to maybe don't want to take on syrian refugees to contribute financially, so that the refugee camps let's say in turkey, or lebanon can be better financed? >> that's correct. the number of syrians arriving in europe is too small. we are talking about 200,000 compares to 3.9 million syrian refugees mo

last chance to square up in europe before the fed and if you look at the top right of our map, stocks in swedennk cut rates again deeper into negative territory at an unscheduled meeting promising more qe after mistakenly raising local rates in 2011. as lesson perhaps for everybody. greek banks under pressure, scott, as analysts warn that risk of an accident in the standoff with the rest of europe is growing. prime minister tsi pras is pushing for a vote for free electricity and food for broke greek households in parliament. refusing to update creditors on a conference calls yesterday. the german prime minister is warning athens time is running out to do a deal to unlock more cash in order to pay the bills that it has for the rest of europe ahead of tomorrow's big eu leader summit. in the meantime bmw leading auto stocks lower on conservative guidance and perhaps a realization that currency hedges mean that it and others could be slower to capitalize on that lower euro. back to you. >> all right. thank you so much. now over to sue herera who has our cnbc headlines. >> hi, scott. here's what's h

europe. several people were shot at a restaurant in sweden's second largest city.olice confirmed two victims have died but say the death toll is expected to rise. witnesses say two men walked into the crowded restaurant and opened fire at this hour authorities say there is no evidence it's related to terrorism. they say gang violence is common in the area and gang members were inside the restaurant. police are currenting searching for possible suspects. >> we haven't heard from representative aaron schock following his resignation announcement but his dad came out and talked about his son, who he was obviously very proud of. >> i know. >> and i certainly felt the father's pain. >> i do. >> and standing by his son in a way that was, i think, very good for his son. >> dr. richard schock defended his son while acknowledging problems surrounding the republican's expense reporting. >> i know it's you know a law. so yeah he's broke the law. if they're going to convict him on paperwork, they're going to convict him. and that's their privilege. if it's the law and he broke

countries given that it is western europe's largest oil exporting nation and has been negatively impacted by the drop we have seen in oil prices. >> absolutely. follows sweden's decision yesterday to cut rates further into negative territory. let's give you a run down of what to watch in the u.s. weekly jobless claims are out at 8:30 a.m. eastern. they're expected to rise but seen falling as the overall job market improves. also at 8:30 we measure the goods and services out of the u.s. at 10:00, the survey that tracks regional conditions in the monthly index is out. as for earnings look for results from the opening of the home builder and after the close from nike. >> let's look at the other top stories at this hour. apple makes it's debut as a dow component today. they're replacing at&t which has been in the dow for nearly a century. while it's a nod to the strengthening of the company's brand it's not likely to be a market moving event. it was the most heavily weighted stock in the nasdaq 100 which is based on market cap. it's only 5th weighted stock in the dow based on stock price. despite having a largest market cap, apple does rank 5th in the dow and tha

europe as well as the u.s.? >> the first expansion will be in norway and sweden and then we'll evaluate further including u.s. and canada. >> it sounds like a great idea but also extremely expensive. you need the infrastructure to provide the sensors and the system that will allow your team to figure out which technology to use and also which technology to relay back to the customer. >> but we can also clearly see that now that the automotive industry is enjoying the journey, that they have taken on we see that the unit cost is significantly decreasing that gives the automotive companies an opportunity to provide these type of technology features including cloud communications for the whole system around a vehicle and a customer today. >> so one day i'll be able to automatically sensor and assess the conditions over road and share that data with other consumers out there. >> absolutely. >> tell us when that autonomous car will go to the dealership and i'll be able to buy it. >> a lot of companies are pursuing that in various forms. the starting point is to put these cars in the streets driven by normal people

sweden and in u.s. the fact is that 8 out of 10 children in the whole world get these vxaccines. >> what is the biggest change in europe. you study all this stuff. if you were to say to somebody the most important change i notice that is taking place in the world today is what? >> i think what follows education, what follows girls, what follows getting out of poverty, it is the size of families. europe decreased the size of families. from 1800 it was six, it was five and it came down today below replacement level. even with immigration population is decreasing in europe. in america it came down slightly later. and there was a baby boom after the second world war, but it's down to two now. in asia, which was such a worry, people label it population bomb but also a nasty expression. this is what you could see from asia. it was indeed high all the way into the 1970s and it dropped back down. it's two today. in half of india, it is two children or less. africa is something happening? yes, indeed, it is, 4.5 today. we know that more or less this will happen into the future. we don't know how fast africa will come down. we d

> if the world and the economies of europe are over barlett we have to find new ways of doing things. we have to go for extended tenures on mortgage. we look at swedenle. doing the same things faster or doing more of the same things is not yet printing to be resolving this crisis. these guys need to think out of the box. jonathan: doing more of the same. not only did it take five or six years to execute qe in europe, more of the same. it inflates asset prices. what is the spillover? we had a conversation about what the transmission mechanism is for this program. is it about think lending via bond yields or is it about the foreign exchange rate and the rate of the euro hitting a low? it will be a big debate about the effectiveness of qe beyond will they, when they. francine: jonathan ferro in nicosia. stay with us for more from nicosia. we will bring you the ecb news conference at 1:30 u.k. time. guy: can draghi save the euro project? they see keeping the show on the road? let us know what you think. the bank of england out with its rate decision, no change expected for the record low member that has been in place for six years this week. as the fed

europe and japan. tunisia's prime minister says the two gunmen were islamists and one of them was known to law enforcement. the museum will reopen by tuesday with tighter security. >>> in sweden last night gunmen armed with automatic weapons stormed a restaurant in the city of goodegorg. police say the shooting appeared to be gang related and that there were known danger members inside the restaurant at the time of the shooting. >>> 7:41. a 5-year-old girl is in critical condition after being hit while in a crosswalk. coming up at 8:00 the police investigation in an area people say is busy and dangerous for pedestrians. >>> but first calling uber in an emergency? the reason some people are saying taking uber to the hospital is a better bet than an ambulance. >>> good morning. we are looking at the bridge commutes and right now on the san mateo bridge it is moderate as you head out to the crowded peninsula. we will tell you more about the east bay and south bay commutes. >>> well, last full day of winter. spring begins tomorrow but it will feel very spring like today. in fact, some 80s are forecast. we will show you where. female announcer: right now at sleep train get up to 4