up to this point, ferdinand piech has gotten what he wanted.s like he is playing a losing hand. jonathan: you will be a busy man. hans nichols, our international correspondent. as we head to the break, let's check on equity markets. record high closes for the stoxx 600, the ftse, and the dax. off by 17 points on the ftse in london. the dax stilwell north of 12,000 points. the best week for european stocks last week since january. the euro showing a little more weakness against the dollar this morning. join us after the break. we are going to talk u.k. politics. ♪ jonathan: let's bring the conversation back to the u.k. big day in the election race. guy johnson and anna edwards join me now for a little more. first you, anna. labor unveiling its manifesto. are we expecting any fireworks? anna: there will be a few things we do know about. one thing is trying to take on the mantle of fiscal responsibility from the conservatives. that is something labor are going to try to achieve. pledging to narrow the u.k. budget deficit every year. they want to r

you look at those offspring of ferdinand porsche. they control about five seats on the board. of them are with the piech line -- three of them, excuse me. there are a total of 20 seats on that board. 10 of them are by the works council. another two are by the lower saxony state. you add that up, you get about 14 votes for martin winterkorn. he appears to have enough backing to go on. the criticism is, why hasn't he done more to promote sales in the u.s.? winterkorn himself has put in the namesake brand of volkswagen a big cost-cutting structure. they want to see profitability go from 2.5% to 6% by 2018. sales per, right around 10 million. one thing to look at, the stock up 37% this year, although it is down on this news. guy: thank you very much, hans nichols joining us from berlin. francine: coming up, an exclusive at the house of hinduja. the man who bought britain's war office building tells us why he is not worried about a slowdown in london's property market. ♪ . francine: welcome back to "the pulse." i am francine lacqua. guy: i am guy johnson. francine: china's exports

ferdinand piech resigns. francine: the search for survivors continues.oll in nepal rises to over 3200. the imf and governments around the world rush aid the one of asia's poorest economies. we will bring you the latest from the region. guy: good morning to our viewers in europe. good evening to those in asia and a very warm welcome to those just waking up in the united states. francine: this is "the pulse." we begin with deutsche bank. dramatic revamp. guy: big news coming out of the german institution. it is going to cut back on its ownership of the consumer unit postbank. anshu jain co-ceo in charge of the investment bank, speaking now in frankfurt. we are going to have plenty more from him coming up on bloomberg. francine: hans nichols is at the news conference. he will be speaking to anshu jain later. this is two co-ceos that have failed to deliver on their plan. it will be great to get not only the news from them, but a sense of whether they are disappointed about how the last three years went. guy: how are you going to make this one work? some peop

. >> we got an unexpected announcement this weekend that ferdinand was stepping down from his role as chairman. this open a power struggle with his chief opponent. he had been the dominant voice at the top of the german carmaker for more than two decades. he is part of the porsche family porsche being one of the group's biggest companies. let's say that while it was a surprise, his exit will reassure investors that now that the leadership clash is over. aurora: shareholders are welcoming it. >> he resigned, a man with gasoline in his blood. what will come next? for the now, martin winterkorn, the chief executive, is firmly in the company. >> shareholders are welcoming that news. how are the rest of the markets doing today? >> we are seeing a pretty muted trading day. the impasse over greece's bailout is weighing on investors. we have seen deutsche bank trailing down about 5% after announcing an overhaul of its banking operation on the back of very heavy losses in shanghai -- very heavy losses. in shanghai, we saw a seven year high. the meeting of the u.s. federal reserve. a downgrade

ferdinand resigned. let's go out to the berlin bureau chief.his takes some of the uncertainty, in the short-term, out of the equation. >> you are absolutely right. the shares are up 5% this morning and it is recovering some of what they have lost. they have dropped while that happened. they are saying it is positive because they are unlikely to pursue any more deals. they went on a spending spree and created a 12-brand stable that includes porsche and lamborghini. and truck makers. analysts are saying, if they are not spending on acquisitions, there is more money to get back to investors. finally, another thing the analysts are saying is that the resignation could speed up decision-making. some have been critical and said that the major decisions had to be funneled through him. that is one place they have really struggled to come up with products to catch on. jonathan: what is the direction traveled. we have solved the problem. now there is a whole list of people who have become the ceo. chad: the question is what is going to happen. his family

he is ferdinand's porche's grandson. the 917, which no one wanted to do, and it is now one of the greatest race cars of all time. when he's a something nasty about a ceo running volkswagen people listen. carol: the guy he wants to get rid of -- he is led the company to record profits. matt: guess what, subaru outsells volkswagen in america? they're not doing well. betty: 32 days -- the last time there was an all-time high for u.s. stocks. the s&p had averaged a day between highs. equity indexes from asia to europe have climbed to multi-your highs in recent days. today, however, not so much. all right, mike reagan put it well today. we have gone so greedy. we are used to these record highs in stocks and here we are, about one month without it, and we are feeling like, what is going on here. carol: it has also been three years since we have nothing a full 10% correction. what you expect -- there is a lot of even money still around. i think, you know, we get close to records, come back -- i do not know. there's also concern

in an afghan game pork the story begins 40 years ago when ferdinand marcos imported hundreds of animalswe explain what happened next >>> it is dubbed a peace of africa in the philippines. this safari park is home to almost 300 endangered animals. the island is a top tourist destination, the mark is the least of known attractions. flor line has been working here. he tells me the story how it was envisioned after a strip in africa. in 1976 over 100 animals were shipped, evicting more than 200 families in the process. the markuses were known to have stolen billions of dollars. this was to be a private zoo. eventually he was overthrown by people's power. caretakers continue to work often the salaries paid for many months. there's though resident doctor here no clinic and not a single working vehicle. poaching is a problem. 20 animals are killed here every year. care takers say they do not have enough park rangers to police the perimeters. wardens stayed for decades, all for the love of the animals. >> my dream is to become a safari farm. although i could say also that this is and will remai

. >> ferdinand for a frog? >> einstein pore a rat.>> i think that's a mouse. >> that's a rat. >> there's a long tail on that. >> gerbil or something. >> no. >> hamster. >> it was a rat. >> a pet rat? >> yeah. >> i think it was a gerbil. i think you're probably right about. >> riveting animal discussion from us once again. >> we go to break. thanks for watching. see you tomorrow morning. >> it was definitely a rat, dude. >> now and abc 7 news update. >> i am jeanette reyes. we check out top stories. police have made in arrest in the shooting of one of their officers. colvin white was taken into custody. he faces numerous charges including attempted first and second degree murder and is being held without bond. at last check, the officer was in critical condition. at the national mall the cherry blossoms have reached peak bloom right in time for the cherry blossom festival at 10:00 this morning. that is followed by the japanese street festival. a crowds are expected at the tidal basin and the national mall to see the famous blooms. dave

. >> ferdinand for a frog? >> einstein for a rat.i think that's a mouse. >> that's a rat. >> there's a long tail on that. >> gerbil or something. >> no. >> that's definitely -- >> hamster. >> it was a rat. >> a pet rat? >> yeah. >> i think it was a gerbil. i think you're probably right about that. >> riveting animal discussion once again from us here. >> we go to break. thanks for watching. see you tomorrow morning. >> see you, everybody. >> it was definitely a rat, dude. >>> good morning to you. i'm chris nguyen. let's start with a quick look it at the forecast. here is meteorologist lisa argen tracking live doppler hd. >> waking up to a few high clouds keeping the temperatures up right now. in the beach area of santa cruz another day this in the 70s. so looks good here with plenty of blue skies. 53 by the delta. it's 49 in livermore and we'll look for the high clouds to influence our temperatures today. we will see a return to some low 70s, though, despite the high crowds. the coast will stay cool, upper 50s to low

. >> ferdinand for a frog? >> einstein for a rat. think that's a mouse. >> that's a rat. >> there's a long tail on that. >> gerbil or something. >> no. >> that's definitely -- >> hamster. >> it was a rat. >> a pet rat? >> yeah. >> i think it was a gerbil. i think you're probably right about that. >> riveting animal discussion once again from us here. >> we go to break. thanks for watching. see you tomorrow morning. >> see you, everybody. >> it was definitely a rat, dude. >> i'm eva pilgrim coming up next on "action news" saturday morning at 9:00 a.m. developing this hour, four people are rushed to the hospital after a rollover crash on i-95 in newark, delaware. >>> after rain yesterday we should see plenty of sunshine this weekend. chris has the exclusive accuweather seven-day forecast those stories and much more all next on "action news" saturday morning. [sfx: bell] [burke] it's easy to buy insurance and forget about it. but the more you learn about your coverage, the more gaps you may find. [burke] like how you thought you were co

in frankfurt, however, volkswagen stopped not really moving despite the fact that its chairman, ferdinand is looking isolated. you probably saw on friday he criticized martin over the weekend, you had porsche, 51% shareholder and vw coming through with support for the ceo, another big shareholder, and the labor unions. extraordinary to have such -- in public. there you go, the chairman looks great. great move over the last year. finally let me mention what's happening with okay in ya. continuing to get gains on these stocks as you can see, on this idea that nokia may sell the unit for maybe 4 billion yur owe rows with this be mean turn with a possible deal down the line. we believe they had negotiations before, markets running with that idea, back to you. >> thanks simon. >>> coming up, hbo's new over the top service is only a week old, but it's already passed one major test. we'll explain in a moment. >>> plus if you're a sprint customer, upgrading your phone can be as easy as sitting on the couch. the ceo is with us in our first on cnbc interview to explain a little later on this hour.

the family feud at the top of volkswagen has ended in anddrama with ferdinand into decades of unyieldinguthority over the all maker. -- over the automaker. there was a power struggle throwing them into disarray. they publicly challenge the authority of the ceo martin winterkorn and dismissed him as a potential successor as chairman. winter corn has been a close aide for decades and this attack came without explanation as board members backed winterkorn. this ends to decades of leadership where he pulled the company back in the 90's and transformed it into a global powerhouse. majoris on the verge of a milestone with iphone sales in china expected to surpass those in the united states. apple will be releasing results later in the day. they do not break down shipments by country but analysts say they may have sold up to 20 million iphones in greater china as composed to 14 million to 15 million in the u.s.. all in all apple will show earnings for the quarter ending last month jumping by 20%. plus both 6 and six desired with larger screens have been quite popular among .onsumers in china no

after the chief executive was publicly criticized by porsche's cousin and ferdinand he told a germanaper that he was keeping himself at a distance from winter corn and porsche said those comments were his private opinion and the content of his statement had not been coordinated with the family. markets in cyprus and greece are closed as the country celebrates orthodox easter and greece continues to wrangle with creditors over the terms that will release the bailout. officials hope to do a deal ahead of the eurogroup meeting. manus: join the conversation, it is monday morning and what are you focused on? i have tweeted a little bit on currencies the pound is hitting a five-year low against sterling. we're all there. caroline: coming up, earnings season upon us in the united states, we will get an investors take. manus: welcome back the u.s. earnings season is almost upon us. companies reporting first-quarter results. . global equity profits this year are set to rise by over 5%, that would be the third year of gains and apple is set to deliver 34%. are you part of the party or a skepti