a famous frankfurt museum revamps its digital profile. saving the world. why bicycles from sustainable materials are all the rage. surreal world. the spectacular images of photographer pierre winther. it was in 1815 that johann friedrich stadel -- a frankfurt banker and merchant -- made a key stipulation in his will. his considerable art collection was to be housed in a museum that was open to all citizens of frankfurt. in so doing he laid the cornerstone for germany's oldest

a famous frankfurt museum revamps its digital profile. saving the world.why bicycles from sustainable materials are all the rage. surreal world. the spectacular images of photographer pierre winther. it was in 1815 that johann friedrich stadel -- a frankfurt banker and merchant -- made a key stipulation in his will. his considerable art collection was to be housed in a museum that was open to all citizens of frankfurt. in so doing he l

. >> the big story is decision day in frankfurt. we are joined from my -- from frankfurt. the only question is, when are you going to buy bonds? fast forward and a few people be in the room and speculate when the ecb will start. what does mario have to do to a? >> he has to give a message that it is under control. it is ironic that everyone was asking when you are going to do qe and add more stimulus. the worst question anyone can think of is, what happens when things go right and you achieve your objective? that is a long way away. they want to give the message that the program has succeeded in the first month and the economy is doing fine. we are going to continue with the pattern and see what happens. jonathan: you see the yield and the four year yield and it is below the negative mark. are they looking at that thinking, this has gone pretty far and pretty quick? >> we have not heard yet with the acknowledgment of the distortions of the program. they started and it is an indication of the ecb managing what they can do for the bond market. the need to look at the technic

for more, let's get over to shane in frankfurt.oes that figure compare with georgia banks -- with deutsche bank's total legal provisions? shane: we know what they set aside last year. about 3.2 billion euros for total litigation. they say they are expecting costs about 1.5 billion. that is roughly half of what they set aside. what we don't know is what the 3.2 billion is for and what the 1.5 billion is for. we've heard that a libor settlement could come as early as today. most people are assuming the vast majority of the 1.5 billion they are expecting will be for libor. we can't really know that. so many other things are also open at deutsche bank. they have investigations into forex dealings, asset-backed securities alleged u.s. sanctions violations and so forth area it is still open. it is a decent legal cost in the first quarter. jonathan: busy because they are in the middle of a strategy review. what does the timing of the settlement mean if we get it eminently given the bank is in the middle of this review? shane: for manageme

matt: here come the market the numbers in full, starting in frankfurt.he dax did not have a good day. down more than 1%. the european index also felt by three quarters of a percent. the dow jones in new york, where they are still trading, is going up by close to one half of a percent. the euro is trading slightly against the dollar all 1.0 820 -- 108.24. brian: there is a state of emergency in southern chile. thousands of people have been evacuated. air traffic has been disrupted and ash has been blanketing parts of neighboring argentina. reporter: a massive column of smoke and ash shooting into the sky, visible in neighboring argentina. residents in the nearest town were caught by surprise when the sleeping giant suddenly woke up. >> it was impressive seeing this enormous mushroom cloud with force of a volcano. i have never seen anything like this area you start to wonder what is going to happen. reporter: geologists say third eruption is likely. the government is evacuating everyone within 20 kilometers of the volcano. she lay hospira's and has declare

anchor: we can stay in frankfurt for a closer look at thursday's numbers. thedax -- the dax below the 12,000 level. on wall street, the dow jones up just straight -- up just slightly. the euro up against the dollar. the leadership of german auto giant books wagon is meeting to decide the future of the ceo. anchor: the vw patriarch made a powerful argument for struggle in an interview saying he's distancing himself from the ceo but did not say why. to have been seen as close orders. he has until now been seen as a possible successor. the split could divide the company's management. the south african president jacob zuma, has spoken out against a wave of attacks against foreigners that has swept the country. anchor: he said the violence against immigrants from africa and south asia was shocking and unacceptable. police fired rubber bullets and tear gas to disperse anti-immigrant protesters in johannesburg. this came after they pelted passing vehicles and police with rocks. in durban, people took to the streets to do bounce the violence that has killed at leas

guy: for more, let's go to hans nichols from frankfurt. where is the bank trimming cutting, where is it looking to grow? hans: they are going to be cutting in retail units. it is not just postbank. deutsche bank itself, their retail outlets will drop by about 200. there are currently about 730. they are trimming back the investment bank, but they are also redeploying some 50 billion to 70 billion in assets into relationships and client-based services. they are looking to shed about 200 billion in assets. that is going to get their capital requirements to about 5%. before, their goal was to have a return on equity of 12%. in 2015 they came in just north of 3%. a lot of that is litigation costs. they were hit by 1.5 billion. we are heading into a press conference shortly. we want to find out where the job cuts are, how many, and what is the overall strategy in terms of the investment bank. francine: that is what we don't know, we are still trying to find out. you are also speaking to the co-ceo later on. hans: we will bring you that intervie

the dax in frankfurt gaining by 1.06% and the cac 40 in paris gaining by 1.42%. tokyo's nikkei average fell 0.9% after the results of the tankan survey didn't match market expectations. shanghai rose 1.66% following the release of strong manufacturing pmi data in china. south korea's kospi fell 0.62% after weak export data for march. moving on to currencies, the dollar is moving in a narrow range against major peers. traders are waiting for economic data from the u.s. including the ism manufacturing, and private sector adb jobs data as a preview of u.s. nonfarm payroll numbers on friday. >>> people in malaysia will now be paying more for many items. officials there have introduced a consumption tax. a 6% goods and services tax or gst was launched on wednesday. it's part of an effort to trim the nation's fiscal deficit. officials expect it will raise around $6 billion in annual revenue. that's about 10% of the money the country took in last year from all sources. the government wants to shift reliance on income from petroleum related industries amid declines in cr

in europe share prices hit a record high in frankfurt, and london. frankfurt's key index is up by 24% since the start of the year. the french index is up 21%. some experts say global easing is behind the higher share prices. japan's central bank began additional monetary easing in october last year. the european central bank began buying foreign government bonds in a wide range of other assets in march. the bank is trying to stop the eurozone from falling into deflation. since the beginning of this year, canada china and 18 other countries and regions have taken similar measures including key interest rate cuts. the flood of funds from these monetary easing measures is pushing up share prices around the globe. but the u.s. central bank may raise its key interest rate later this year. market players fear the rate hike will have a negative impact on global economy, pulling funds out of emerging economies to the u.s. >>> turning to other asian markets, investors were in a buying mood across the region. the hang high composite rebounded from yesterday's

shares rose up 4.7% in frankfurt today. one of the reasons that futures are pointing to a positive open. still to come here on worldwide exchange, lift off in portland. uber and lift begin in oregon. they talk the second ever employee after the break here on worldwide exchange. i hate cleaning the gutters. have you touched the stuff? it's evil. and ladders... awwwwwww!!!!! they have all those warnings on them. might as well say, "you're going to die, jeff". you hired someone to clean the gutters? not just someone. someone from angie's list. but we're not members. we don't have to be to use their new snapfix feature. angie's list helped me find a highly rated service provider to do the work at a fair price. come see what the new angie's list can do for you. >>> amazon's first quarter revenue beat forecasts as rising sales in north america and the company's cloud services unit offset higher spending on new investments. the much publicized drone initiative also in the spotlight. speaking to cnbc amazon is trying to iron out th

let's take a look at gm shares up 1.6% in frankfurt.discuss more about earnings and what to expect with the ceo here in london. welcome. >> thank you for having me. >> the big story is the stronger dollar and the impact on the multinationals that make so much money overseas but we're in the second week of earnings and many of these companies faired better than what was expected? >> tech is doing well. while the s&p 500 is high and einhorn is correct we're seeing huge dispersion on how companies are doing. different industries and sectors. technology is doing well if you look at return for some stocks it is performing well this year. >> even though tech has the most exposure to foreign revenues. let's focus on social media because mobile revenue in focus. >> the u.k. finance minister is giving a key speech. wilfred is asking a few questions. >> are you concerned that you haven't gotten greater traction in the polls at this stage. >> look i make a -- this is a close election. this is absolutely a close election and people face a very clea

let's get more from hans nichols in frankfurt.rmany's biggest bank trimming and growing? >> in terms of leverage ratios, they are going to cut two hundred billion euros. that is going to bring the leverage ratio up 5%. they want to read apply 50 to 70 billion euros for relationship driven business. most of the cuts appear to be on the retail side. they're are going to reposition themselves to ipo by the end of 2016. they will go from 730 branches down to almost 200 -- down by almost 202 0 to 530. here is the statement. we must remain client centric but focus on mutually attractive client relationships, remain global, but be geographically focused, and remain universal but avoid trying to be all things to all people. the new goal for return on equity is done to 10%. the old goal was 12%. you know what they did last year? 3%. it is more in line with expectations and achievable goals. caroline: more in line with other banks as well. chris was saying it is like jpmorgan in terms of strategy. there are still some questions left unanswe

will they save the giant "e" in frankfurt?e equities at this hour. why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. >>> this is jim iuorio for "squawk box" on the floor of the america mercantile exchange in chicago. we expected 283. it's a little worse than expected. last time was revised, down a hair as well. the continuing claims number came out at 2304 from expected 2350. that's not good either. the last labor data point we saw was friday and it was a disappointment. a week ago we believed that the u.s. was the pillar of the whole globe's economy and that within the u.s. labor was the thing that was the most strongest. that's called into question now. the tho

morgan stanley basically flat on the day when looking at frankfurt trade. >>> u.s.es are a bit more upbeat about the coming month. 3/4 expect sales to rebound in the second quarter after a sluggish start to the year. that was due to a harsh winter. labor disputes at west coast ports, and, yes, the stronger dollar. companies also plan to increase hiring this quarter and nearly half expect to boost pay. coming up, addressing concerns. reports say comcast and time warrener cable plan to meet with u.s. regulators this week as they try to get the green light for their merger. coming up after the short break. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. >>> let's talk ooze. toyota plans to launch two hybrid cars in china this year in a bid to offer new models that help tackle the country's pollution problem. honda aims to sell 20% more vehicles in china in 2015. global car makers are lawnkling their latest designs at the shangh

mario draghi, set to begin his news conference in frankfurt.ope central bank this morning keeping interest rates on hold. what will he say about greece and other troubles in europe? much more ahead. ♪ betty: three companies about to hit the public markets this week. one potential ipo that could be the biggest one you have never heard of. china's largest online lending platform. estimated value of over $10 million. winfax -- louufax ceo joining us. how big is it in china? >> the market in china is going to be a multiple of what it is in the u.s. if you look out a couple years it be 10 times or more bigger than what it is in the u.s. betty: that is a factor of the side of the market -- the size of the market. >> a lot of needs and china are not being met by traditional banks. you're a lot more individual -- you have a lot more individuals in china who need access to funding. the growth rate in china this year is about -- the gdp growth rate in china this year's about 7%. part of that transition is getting more domestic consumption. there's a need

let's have a look at how morgan stanley is trading today in frankfurt. oil prices. of course they have rebounded over the last couple of weeks and that momentum is continuing today. brent at 59.1. up .2%. wti at 53.97 up 1.3%. the main stimulus coming from reports overnight that u.s. production may have just come off at the margin allowing the oil price to recover slightly. >> the big talker has been the slow down in chinese growth but another big market mover will be the european central bank meeting due at 8:30 a.m. eastern. the press briefing will be in focus is what mario draghi will say and if quantitative ease as good helping the real economy because it has surely helped financial markets. you're looking at the stoxx 600 index up double digits in 2015. >> it is. it has moved my favorite security of them all. >> is it bonds. >> it's the german ten year bund. .130%. that's amazing to show how quickly as well from 1.6% there at the start of may of last year. look it's back up. it's no longer at a record all time low but very important because we'll be

a frankfurt museum spotlights a 1950's art movement. milan has always been seen as a mini concrete jungle. that was until now - under the motto, 'feed the planet' a major transformation has been taking place as the italian city prepares to host expo 2015.

let's get over to shane strowmatt in frankfurt.ow is the 1.5 billion euros cost comparing with the total litigation cost to this company? shane: the cost they announced last night, about 1.5 billion euros. they only said at the end of last year the provisions for total legal costs is about 3.2 billion euros. neither of the figures have been broken down. several different investigations are open at the same time. investigations into fx dealing asset-backed securitiesk and a legit u.s. sanctions. we've heard a libor settlement could come early. nobody knows what that 1.5 billion euros will be for. we don't know exactly what they provisioned for. it is difficult to compare. francine: what do analysts and investors think about this? is it fair? are we going to see more settlements like this? shane: we've seen a lot of libor settlements in the past. deutsche bank will probably be the largest so far. the largest to date was ubs with $1.5 billion. we've heard that deutsche bank would come in around 2 billion euros. analysts and investors

we resent this rap of today's trading from the frankfurt stock exchange. have year -- javier: an internal concept may put an end to the ceo of the company. this should not be a reason for concern since the stock has been consistently gaining in the last couple of months. there is other reason for concern, chinese export figures have been published and they are not that good. a 15% decrease in march compared to march of 2014 might mean that the chinese giant is slowing down economic growth. and that is enough reason to be worried here at the stock exchange and at the international markets. steve: gunter grass has died. terry: he won the nobel prize for literature in 1991. steve: bye-bye. [captioning erformed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] damien: hello and a very warm welcome to "focus on europe," great you could join us. i'm damien mcguinness. and on today's programme -- the french villagers who are helping after the germanwings crash, where the ukrainian revolutionaries ha

look at the footage coming out of areas near frankfurt. we know one person lost their lives. falling trees also damaging some electric wires. so the national railway in germany suspended travel for train service there as well because of the winds that were in line across the region. here's perspective. wind gusts in excess of 90 miles per hour. that is a strong category hurricane. and a tornado report out of poland. cool weather persists the next couple of days. snow showers in place. so you think winter hanging on in your neck of the woods. look at this perspective. this is from an astronaut aboard the international space station as she snapped this photograph. this is our super typhoon maysak, the single strongest typhoon we've ever had in the western pacific. look at the presentation on satellite imagery. the eye of the storm, 38 miles in diameter. twice as large as an average typhoon. the storm now poised to impact portions of the philippines. it will weak on the a strong category one as it gets towards luzon. still a big story for our friends across the philippines. >> t

not hearing any injuries from frankfurt's or guests at the hotel. a fright think morning. an early morning wakeup call that got this man out. he tells us how he got out just in time. >> all of a sudadensudden a big boom massive boom. then two more but not as much as the first one. then the fire alarm went off. we just ran out of the room. >> investigators are still trying to find out what it is that started the fire. somewhat complicated, have to wait for dominion power crew to shut power off before get in there and attack the fire from the inside. as you see not a lot left of the roof. when they got here 30% of the building was involved and now you can see all the way through to the center of the building. there's no roof no one was injured. the cause is under investigation. live in fairfax, news 4, back to you. >> thank you so much derrick ward for that update. >>> new this morning seven prince george's firefighters out of the hospital after their truck overturned. the fire department sent it out on twitter. part of the morning side crew flipped over on branch avenue hil

in frankfurt.five years since greece submitted an additional request for a bailout from the e.u. and the i.m.f. there be triggering the euro era debt cries. the european central bank has doubled emergency funding for greek banks. the move comes ahead of a meeting today between prime minister siprus and angela merkel and that's on the sidelines of european union immigration summit. we are in berlin with the story. hans, what does this new limit, this new extension tell us about the outflows from the greek banks? hans: in general, this extension of the e.o.a. is supposed to match the outflows. the increase was 1.5 billion. that's from last week. they're all the way up to 75.5 billion euros. for emergency liquidity assistance. that's the ceiling. so you work backward and have that big increase back in early february and mid february, from 60 billion to 65 billion the back of the envelope calculation suggests that there have been 15 billion in outflows. they like to keep a three billion ceiling just in

sarah: porting their from the frankfurt trading floor. it was a positive start to the second quarter, but just how positive? let's let the numbers do the talking. germany's dax gained .3%, ending at 12,001. also up on the day was the eurozone euro stoxx 50 nearly .5 percent gain there. over in new york, traders are still on the floor, but the dow is in negative territory. the euro currently trading at $1.07. the german government has approved plans to allow fracking of shale gas for testing purposes. this legislation still has to pass parliament. ben: some government deputies are threatening to join the opposition in voting against the bill. they are concerned environmental controls don't go far enough. fracking involves pumping water sand, and chemicals into the ground to extract gas or oil. it has been linked to pollution. at least 11 people have died as a result of a storm raging through germany and austria. sarah: the storm reached hurricane strength in some areas and caused traffic chaos and left thousands of people without electrici

commuter check that out, there will be 30,000 copies is treated in brussels, paris, london, berlin, and frankfurto if you are in the city, check it out. one article that is very interesting this week that talks about how europe is reacting to the upcoming presidential election in the u.s. you can see that according to politico europe votes for hillary, and they have a great photo mash-up of hillary clinton and the german chancellor angela merkel. unlikely political twins according to politico, but they are viewed as sisters in spirit in europe, a first in transatlantic history. host: all right, the french magazine "l'express" is getting its hopes up. florence: spring on the front of "let's'express" this week white we should believe we are just about to exit the crisis, that is what "el'express" says. if you are more depressed, check out "la croix" this week, talking about -- check out "le point" this week talking about a sucker, someone who is a little bit more naÏve. the big pigeon these days in france is young people. that is why they are talking about generation pigeon. they are sacrificed by

a frankfurt museum spotlights a 1950's art movement. milan has always been seen as a mini concrete jungle. that was until now - under the motto, 'feed the planet' a major transformation has been taking place as the italian city prepares to host expo 2015.

we start in frankfurt, where the dax gained almost 2% to close the day at 12,039. the euro stoxx 50 rose by 1.5%. across the atlantic, trading is still underway. ♪ damien: hello and welcome to "focus on europe" giving you an insight into how europeans really live. i'm damien mcginnis. giving an insight on today's program -- italian olive groves in danger of destruction. the romanian village that is wealthy but empty. an estonian military volunteers who are nervous. first, to italy, the world's second-largest exporter of olive oil. now the ancient all of groves -- olive groves that produce the oil are under

we have this summary from the frankfurt stock exchange. reporter: the numbers keep flowing at the stock exchange. not only big company reports but economic figures are moving the markets. the spotlight was on all three german carmakers -- they disappointed investors even though there were good sales figures. the expectations were just too high. an increase of 1.1% in the eurozone makes investors think the recovery might be -- the economy might be recovering quicker than expected. speaking of the ecb, the euro is going stronger against the dollar after sales figures for retail sales in the united hates were published and were disappointing. that means the dollar is going down the euro is going up, but a stronger euro is not good for german experts -- you're a exports -- euro exports. anchor: let's stay for a quick look at tuesday's numbers. at the closing bell, the euro stoxx 50 finishing at 3784. on wall street, the dell looking up up by nearly 4%, well below the 18,000 point level. the euro stronger against the dollar. anchor: finnish tel

>> and that is good -- how did the news go down with equities traders echo we have this from the frankfurt stock exchange. >> the news coming out of the finance ministers meeting sobered people of here. there's no approaching of the two sides. there's no ", but it seems that the talks are stalled. this raises the possibility that in the end, there will be a greek default and a possible gre xit -- a greek exit from the euro. that would be a major disaster for the eurozone. people on the floor say nobody really knows what happens in that case. the european central bank is flooding the markets with money, but nobody really knows what exactly will happen if the eurozone starts breaking apart at the edges. the euro business climate news was good news, but not enough to offset the greek question. >> we're taking a short break. when we come back, we be looking at china, where a taboo has been broken. scientists have carried out the very first experiments that we know about to genetically modify human in brio's. the project sparked a ban. >> what has changed in two years after the catastrophic tex

. >> we stay in frankfurt for a quick run through friday summers. the dax finished the session down by nearly two point 6%. euro stoxx 50 going into the weekend at 3674, up by more than 2% across the atlantic. the dow also trading sharply lower, and the euro it had higher against the greenback trading at a value of $1.08 07. in china, a court has sentenced a prominent journalist to seven years in prison. >> the 71-year-old was found guilty of leaking a confidential paper to a torrent website. rights activist say the verdict is yet another crackdown on dissent by the communist party. >> lawyers say she will appeal. >> visitors are not welcome outside the courtroom in beijing. journalist and supporters are barred from coming close. she was convicted for passing a state document to foreign media. the court has not revealed what the paper was, but it is believed to call for curbs on democracy, civil society and read them of the press. -- freedom of the press. she was arrested last year. she originally gave a confession, which was been broadcast on the t

. >> here come the market numbers starting in frankfurt with the dax, which was down by more than .5% on the day. the euro stoxx 50, the pan-european index, up ever so slightly. the dow jones industrial average in new york -- they are still trading there, but at the moment, it's up by more than .5%, and the euro climbing a bit against the dollar. >> we go to sports now, and the champions league quarterfinals. >> on tuesday bayern munich advanced to the semifinals by thrashing porto. >> the morning after the night before, training as usual with pep guardiola looking markedly relaxed. the team did him proud, striking early and hard. >> that was a real statement. we had our backs against the wall. that can also be a good. >> byron -- bayern seemed to thrive under the pressure. but the onslaught continued with two goals from robert levin askey and another from thomas really. it was 5-0 to byron. after the break, the bavarians eased their pace and allowed jackson martinez to claw one back. the final score 6-1. >> it's fun to win fun to be ahead, and fun to come one round further. >> bayern

. >> not a good day in the frankfurt stock market. the mood went downhill, and so did share prices. news from the united states responsible for that. economic growth, if you could call it that, in the first quarter in the united states -- a meager 0.2 percent practically treading water. experts had expected growth of about 1%. that week data caused the dollar to weaken, the euro to rise. that put additional pressure on share prices. after that, waiting for news from the u.s. central bank, the fed, which were to give people an indication of when the interest rate hike might happen in the united eights, so lots of reason for nervousness for lower share prices here. >> let's take a closer look at the numbers for you. all that disappointing economic data from the u.s. dragged down the dax to a seven-week low. it tumbled 3.2% to finish the euro stoxx 50 also finished in the red. the dow currently down almost 15%. on currency markets, the euro -- $1.1120. >> time for soccer news last night. german champions bayern munich are nursing injuries after being knocked out of the german cup last

bombed while speaking about economic stimulus policies but that's exactly what happened today in frankfurt when european central bank president mario draghi took to the podium. >> the most eventful press conference of mario draghi minutes into him reading the introductory comments someone got up and started to throw paper and confetti over him. she had to be escorted outside of the building. the question mark is how could she actually enter the building and the answer most likely lies in the fact it's easy to get a press card in europe and germany. with a press card you can have access to the ecb. switching to monetary policy now, mario draghi has not said anything very new. he's quite optimistic about the outlook for the economy but saying that is depending on the ecb implementing quantitative easing and to at least september 2016. if inflation picks up a lot faster than expected then ecb could stop the program earlier than september 2016. he rebuffed criticism perhaps there's not enough bonds out there for them to buy because a lot of bonds here in the eurozone trading with yields and ec

the worst flight in february between jfk and frankfurt that sat on the tarmac for 7 hours. finally, despite all of the delays and cancellations, the airlines actually did a better job it comes to handling our baggage. the d.o.t. said the number of complaints regarding mishandled baggage dropped in january compared the to a year ago. philip lebeau, chicago. >>> for "nightly business report," that will do it for tonight. i'm tyler mathisen. thanks for watching. have a great evening, everybody. we'll see you righ. announcer: a kqed television production. man: it's like holy mother of comfort food. woman: throw it down. it's noodle crack. patel: you have to be ready for the heart attack on a platter. crowell: okay, i'm the bacon guy. man: oh, i just did a jig every time i dipped into it. man #2: it just completely blew my mind. woman: it felt like i had a mouthful of raw vegetables and dry dough. sbrocco: oh, please. i want the dessert first! [ laughs ] i told him he had to wait.

the worst flight in february between jfk and frankfurt that sat on the tarmac for 7 hours. finally, despite all of the delays and cancellations, the airlines actually did a better job it comes to handling our baggage. the d.o.t. said the number of complaints regarding mishandled baggage dropped in january compared the to a year ago. philip lebeau, chicago. >>> for "nightly business report," that will do it for tonight. i'm tyler mathisen. thanks for watching. have a great evening, everybody. we'll see you righ. ♪ >> here on bid america the antique collectibles may be old but bidding on some beautiful toy boats will make any collector feel young at heart. ♪ it's time to let the kid in you come out and play here on bid america. ♪ >> yep, 700. ♪ i got seven in the front row. sold, number 310's the buyer. ♪ >> welcome back to good old willmar, minnesota home to super collector and friend of the show paul mikkelson. >> we moved out to the lake every summer and lived in town during the winter. and in the summer, we played with our falls flyer boat. i spent seven days a week

we are coming off of the all time a high and the frankfurt is lower. we will get to that now. vladimir putin is gearing up for the annual colin showed today. the russian currency is the best performing in the world. the snapback is what they really rely on an ryan chilcote joins us with more now. a couple of reasons to be happier today? >> brent is up and people are concerned about the boom that we have seen major trail off and that sends the ruble strength the aunt and up this year. last year, the worst performing. the real situation is things like inflation and it is close to 17%. that is the highest it has been. you think about the first eight years of his rule and gdp rose. you have incomes on the decline. a lot of people will want to talk about the ruble and the general state of the economy. you look at the surveys and that is what they are concerned about. they will talk about it about policy. >> the expertise of russia right now, this is not any other country. we know about the high approval rating. >> it still stands. even if people do not like vladimir putin, they lik

olivia: the ecb in frankfurt what is the distance between the ecb and berlin here?owing wider and wider all the time. the ecb has been made a model of the bundesbank. that was not an accident. mario draghi's taking on more and more responsibility for economic conditions in the eurozone. tom: let's get somebody in the real world, bob nardelli. how does a corporate officer work at siemens or nestle or were ever with german rate at .127? brendan: -- olivia: i know how you operate. you issue bonds at negative yields. robert: and we are seeing a lot of them issue bond that negative rates. it is a challenge for anyone running a corporation in that environment. brendan: but again, olivia, to your question, even at these rates germany is not only to borrow money to spend on infrastructure. the decision is out? tom: yes let's go back to anna edwards for perspective on the non-news. anna: the ecb rate is unchanged at -0.12%. as i said, no change, but expect some fascinating insight into just how long they will carry on with the quantitative easing program later on. perspectiv

frankfurt, up about 1%. joining us now is angelo zino to talk more about apple. good morning to you. thanks very much for joining us. it's a tough act for apple to follow on two levels both following their last quarter results which were a blow-out and also tech results in general over the last week. can they meet expectations? >> so we actually think they will meet expectations. in fact we actually think they will likely beat expectations so our expectation is $2.18 in earnings on revenue of about $56.7 billion, so slightly above the street. right now, we're looking at 56 57 million in iphone sales. that's going to be the key to the quarter. apple is going to need to blow the number out given their recent success in prior quarters and i think investors for the most part are going to be looking at seeing if they can top the $60 million level. still a drop from the $47. -- 74.5 million. nonetheless, it's growth north of 35%. overall, we expect a very good quarter from them. >> angelo given its large international customer base, how much of a negative impact will t

a tense moment at today's ecb press conference in frankfurt, germany. protester jumped up onto a table where president mario draghi was speaking. demanded an end to what she called the ecb dictatorship. the woman was taken into custody. after a short break, mr. draghi resumed speaking. interest rates, unchanged. aaron hernandez has been sentenced to life in prison with the parole following his conviction today of first-degree murder. a jury in massachusetts found hernandez guilty in the shooting death of odin lloyd who was dating the sister of hernandez's fiance. the conviction will be automatically appealed to the state's highest court. hernandez was selected by the patriots in the fourth round of the 2010 nfl draft. coming up stephanie ruhle's exclusive interview with stand druckenmiller and his take -- with stan druckenmiller. the president with the boston -- the president of the boston celtics. at 2:45 the spring housing outlook. stay with us. ♪ mark: stan druckenmiller has one of the best track records in the history of investing. he spent years wo

mario draghi was attacked by a protester at his news conference in frankfurt today.rotester jumped on stage and blue glitter at him before she was put in a headlock and carried off. mario draghi was not hurt and carried on where he said that there is clear evidence that bond buying is working and the economic recovery will strengthen gradually. >> the risks surrounding the economic output for the euro area have become more balanced on account of the recent monetary policy decisions, but falling oil prices, and the lower euro exchange rate. emily: draghi push back at the idea that the program could be cut short at the inflation returns to target earlier than expected. bank of america's first-quarter results beat estimates. profits rose to $3.4 billion and revenue was down 5%. noninterest expenses dropped 29% in the quarter, but some analysts were expecting to be cuts -- deeper cuts after litigation over bad mortgages wind down. the sec is concerning to ease limits of foreign ownership of american broadcasters. just last month, republican commissioner michael o'rielly

nbc 10 on the scene on pratt prattstreet in frankfurt. the man took off running. an officer shot the suspect in the leg. he's in stable condition and facing charges. >>> philadelphia police want you to take a closer look at this video that show a thief taking items from a 7:00 in south philadelphia. this happened at the store on south 10th street on march 31st. police say the woman you see here peeked inside the store. when she saw the worker was helping customers, she ducked inside the store and shoved several objects into her bag. there's no word on what she took. >>> officer walker was a 19 year veteran on the police force. he served as a deacon of his church. in august 2012, august finished work and wearing plain clothes, walking to his bus stop when jones and another man shot him. his accomplice was sentenced to 20 to 40 years in prison after testifying against him. >>> septa is plotting man heroics heroics. watch the bottom left of screen. the man falls from the platform at the 15th street station in center city. some of the riders they scattered but that gu

the frankfurt you could see it's up better than 12%. >> earnings for netflix tend to lead to very bigoves and we're seeing that 12% move and a lot of it comes down to exclusive content which is driving subscribers. >> i think that is what makes this earnings reports interesting. they actually missed estimates but the fact is investors care about subscribers growth and continue to show they're growing their subscriber base and a lot of that has to do with content. house of cards. orange is the new black. the series continues to bring in new eye balls and you can a fan of house of cards. >> big time. the only shame with netflix is they released the whole new series at once. i finished it in two or three days. it's over before you started. >> there's a lot of analysts that cheered this report they got from netflix last night. jp morgan upgrading the stock, credit suisse among others. they're upgrading to $461 from $417. so the bull run continues. we'll have to see how the stock trades in today's trade but you can imagine it will be one of the big movers on the nasdaq which closed above 5

in frankfurt the stock down about 16%. marriott is reporting high demand in several markets. first quarter earnings for the hotel operator showed first quarter earnings up 20% however shares slumped in after hours trade due to the fact that the company's total revenue missed analyst expectations. shares slumped in extended hours trade falling by around 2%. and coming up on the show before most of us are even able to get our hans on an apple watch reports of a defect and key component of the smart watch. will it effect sales? we'll tell you about it coming up on the show. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business >>> welcome back. apple has been forced t

you can see the stock in frankfurt. it is down by 17.4%. will be on cnbc squawk alley today. it's a first on cnbc interview at 11:00 a.m. eastern time. we want to hear what the ceo has to say about the future growth strategy. now another big topic of discussion the fed is due to finish it's two day meeting ahead of the policy statement tonight amid a slu of weak first quarter data. they'll be look out for any indication on the timing of a rate hike. steve brings us the latest survey on the economy. >> the u.s. economy has been buffeted by a bunch of trouble in the past couple of months and that created a weak first quarter outlook here but the cnbc fed survey showed that respondents, including economists, analysts and fund managers think the economy is going to plow through these problems. 66% say what we're going through is a temporary slow down. 32% say it's a combination of temporary and permanent factors. only 3% say it's a sign of a for perm nanlt permanent weakening in the economy. growth is pretty much the same as it was in the march

kurnly higher in frankfurt trading as well. it's below analyst estimates. the loss of a key customer samsung and delays of product launches by smartphone makers will hurt sales of its flag ship snap dragon chip. they're cutting it for the third time. shares down 2% in after hours off by 4.3 in frankfurt trading. calling on asia for growth. eric is on suffers a drop in first quarter profits but will emerging markets come to the rescue for the swedish telecom company? we speak to hans vestberg after the break. that's first on cnbc. don't want to miss it. (under loud music) this is the place. ♪ ♪ ♪ their beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. new york state is reinventing how we do business by leading the way on tax