media reports say the man is a chemist and has connections to the scene and frankfurt.fficials have been watching him for weeks before they moved in. >> the accused began acting suspiciously while under observation. he spent time along the route of the bicycle race that takes place tomorrow in frankfurt. reporter: but that bike race, a popular annual event in frankfurt, has now been canceled. it was supposed to go right past the suspect's apartment. anchor: for the latest on this story, let's turn to our chief political correspondent, linda crane, who was following that press conference for us. the police were not shy about drawing comparisons with other major terrorist attacks. reporter: that's right. it was clearly the prospect that this might have been a bombing along the lines of the boston marathon race that led them to move in last night and arrest the two suspects. they said in answer to a question that of course yesterday they had discussed the idea that it might he a parallel attack like the boston marathon, and it was that that made them decide they needed to

the annual meeting is taking place in frankfurt.eting, the bank announced they will have direct oversight over the company's new strategy. hans nichols is there. jain has been talking this morning and acknowledged things haven't exactly gone to plan. hans: he talked about legacy litigation costing more than expected and taking time to wind down. he also talked about cost savings, cost cutting being a little more difficult an challenging. the strategy review they announced at the end of april they talked about cutting some 3.5 billion euros. they have not given specifics yet. that is on top of the previous cost-cutting strategies. so some more questions there. once we get investors start asking questions, making their speeches, we'll have a better sense of whether or not they are really under pressure. more about the strategy less about the actual management, the actual personnel though. jain appears to have solidified a little bit of control and power. this appears to be his thing heading forward. guy? guy: walk us through the chang

our correspondent sent us this summary from the frankfurt stock exchange. heavier: after two days of intense endings and a jump of around 4%, it was quite difficult to keep the green numbers here at the frankfurt stock exchange. that's why we saw slight losses for the most part of the day. the good circumstances are still there, though. the euro is weaker, which is good or the german exporting companies, but there was one source of uncertainty -- the minutes of the latest meeting of the u.s. federal reserve were published after closure here, which is why investors were cautious and did not want to take any risks. experts assume there will not be an interest rate hike in the united states until 2016, but then again you know, the markets are always full of surprises. >> we stand for and for for a closer look at wednesday's numbers. in frankfurt the dax had finished at 11,008 hundred 48. the euro stoxx 50 doing a bit better. across the atlantic on wall street, the dow down slightly in 18,284 point. the euro trading at a value of $1.1120. creating an efficient

people here in frankfurt, for example, hearing statements coming out of athens that are not very promising the people say. they don't see greece moving any closer to reaching an agreement with the money givers in order to avoid default. spain is a further worry. the election resulted in a success for the leftist party pajamas, as the stability-oriented direction spain has been cut off? normally a low euro is good for equities, but equities stock market prices suffered for the nervousness over greece and spain. >> we stay in frankfurt for a closer look at tuesday's market numbers. the dax closed down by more than 1.5% or the day. the euro stoxx 50 the pan-european index also off by about 1%. in new york where they are still trading, the dow at the moment also taking a downward course. more than 1% down at the moment. the euro also down $1.08 70. china has deep trade ties with latin america but limited political influence, which is why the country's premier has been touring the region in recent days. >> he signed a series of investment deals in brazil, colombia and peru. he's now in copper-r

frankfurt's fourth champions league victory.r: the german city of goerlitz is one of the top tips among hollywood location scouts. people will recognize it from films like "grand budapest hotel." anchor: it has lots of preserved historic buildings that have undergone major renovations. that's why it is a popular location for filmmakers. anchor: let's look at an addition that highlights the city' is past and transformation. >> the old town of goerlitz has an amazing stock of old buildings, from gothic to renaissance, baroque, and art nouveau. many have been beautifully restored. this unique mixture of architecture survived the second world war. whole stretches of the old town fell into neglect during the communist era. an exhibition of photographs shows goerlitz in decline and goerlitz reborn. he started to document the town's common architecture in the early 1980's. at the time, no one was really interested in dilapidated old houses. >> my aim was not just to accuse. i was also making an appeal. imagine what the town could look

our correspondent sent us this summary from the frankfurt stock exchange. heavier: after two days of intense endings and a jump of around 4%, it was quite difficult to keep the green numbers here at the frankfurt stock exchange. that's why we saw slight losses for the most part of the day. the good circumstances are still there, though. the euro is weaker, which is good or the german exporting companies, but there was one source of uncertainty -- the minutes of the latest meeting of the u.s. federal reserve were published after closure here, which is why investors were cautious and did not want to take any risks. experts assume there will not be an interest rate hike in the united states until 2016, but then again you know, the markets are always full of surprises. >> we stand for and for for a closer look at wednesday's numbers. in frankfurt the dax had finished at 11,008 hundred 48. the euro stoxx 50 doing a bit better. across the atlantic on wall street, the dow down slightly in 18,284 point. the euro trading at a value of $1.1120. creating an efficient

hobby or has more from the frankfurt stock exchange. javier: it could've been a quiet day in frankfurt as many investors take friday off. it all went good until the afternoon when the latest numbers of the u.s. industrial production were published. the decrease of 0.3% even though experts had been predicting an increase of 0.1%. this means u.s. production and the u.s. economy are not growing as quickly as everyone was asked acting. as a consequence, the dollar dropped and the euro went up. we know when the euro grows, it's bad for exporting companies. therefore it ended the day with red numbers even though we thought it would all go well. anchor: let's take a closer look at those market numbers. the dax closing in the red there. also down .8%. the dow is currently trading up and the euro is trading at one dollar 1460. brian: coming to the end of another year, going to the penalty but round of the competition on saturday. it looks pretty much decided with iran the clear winner. anchor: they may still have to play a qualification game. at

anchor: we can start with the numbers in frankfurt. euro stoxx 50, the pan-european index fell by a similar amount. the industrial average is still trading. it is close to half a percent. the dollar is pretty much the same. >> reports coming in that the islamic state has taken control of the airport and the libyan city. it is the latest gain by militant groups. >> a bombing killed three people in saudi arabia. an ims bomber killed 21 people in a similar attack in saudi arabia. >> the kremlin is redoubling its efforts to censor free stream -- to censor free speech. >> as our correspondent in moscow found arts groups are coming under fire as well. reporter: a look at the government's crackdown on russia's opposition. the police threatened to close the theater, claiming the building was unsafe. it is a clear case of government intimidation. >> we are an independent private theater that finances reductions with its own money. now we don't know what is going to happen. >> activists say it is all part of a new round of crackdowns on freedom

stephen: we have markets growth for holidays on monday, london and frankfurt being among them. not having a great day back at the office, but the london and frankfurt dream is down today over just paris. there is still worry about greece weighing on investors. and every government worried about whether they will pay the imf the money that they owed them in june. the euro down against the dollar today in trading. you can see that with the picture and little bit earlier on. genie: next, uber seems to have gotten itself into some hot water again, facing option -- facing opposition in mexico. >> i will tell you about news coming from africa's mining industry. the number of workers in the industry that have lost their jobs since 2012 -- 35,000 of them, in fact, in wake of the massive strikes. we felt 34 that we found 44 miking workers -- we found that 44 mine workers were killed. 44 layoffs are mostly affecting workers in gold and platinum mines. we will talk about uber and. strike. taxi drivers in mexico city are the latest protest to be staged. across europe, they are unhappy with

our correspondent sent us the summary from the frankfurt talk exchange. javier: after the u.s. federal reserve eliminated almost any chance of an interest rate hike in june, the dollar went down, which means we had a stronger euro. this is bad for many of the exporting companies in germany and in the eurozone. that's why we saw losses at the beginning of the trading session. most markets tried to slowly work their way up to the green numbers again, but it's not always easy, especially considering the latest economic data. the purchasing managers index for germany in the eurozone were well below expectations, signaling that managers have a bad outlook for the development of their businesses and the economy. one of the reasons is the uncertainty caused by the greek crisis. we'll know more about that friday. >> while there are no surefire prescriptions for a long and healthy life, a study conducted in denmark has shown that white jogging can increase life expectancy by about four and a half years. >> what does like jogging mean? it means about three times a week for between one an

we're down by around 1.3% in frankfurt frankfurt. cisco beat forecasts as demand offset sluggish spending by tele telecom customers. revenue rose above 5%. the fourth quarter outlook is in line with analyst estimates and if you just look at shares we were up about 1% in after hours trade but the stock down about .2%. cisco's ceo stepping down in july also dispelling rumors the company bid $9 billion for cyber security firm fireeye. >> let's have a look at shake shack which reported a surprise first quarter profit. the first set of earnings since it's ipo. the burger chain posting better than expected revenue as same store sales rose nearly 12%. well above forecast of 5%. also raising it's revenue outlook. shares rising around 9% in after hours trade. >> let's get you a run down of what to watch this trading day. weekly jobless claims out at 8:30 a.m. eastern. expected to rise modestly but still holding at levels that suggest the labor market is improving. they aren't expecting to change. after the close we hear from applied materials

jonathan: hans nichols from frankfurt. james bevan still with us. banking sector, where on earth do you want to start? i guess we can start with deutsche bank. the agm yesterday, hearing from representatives. the complaints sounded a lot like complaints about any bank in europe. why is deutsche bank different? james: long-term shareholders feel immensely irritated that deutsche, that was the lion back in the 1980's and early 1990's said, we are going to because she is and they didn't grow. as a result, santander became worth more than the entire german banking sector put together. deutsche said, they have taken too much risk. deutsche of course became unstuck in the global financial crisis. people are saying, we didn't get much of the upside. when is it all happening? it is very clear that the banks, as one of the mechanisms, are being blamed for what is going on. german people are very nervous of economic conditions. jonathan: it is not clear to me what investors would like deutsche bank to look like. what does deutsche bank need to look like for j

earlier in the evening two men were shot along frankfurt avenue in kensington.e of the victims was shot in the head. he died at temple university hospital. the other deadly shooting happened in west philadelphia. police say two people were shot at a scene by someone who was in a car who drove away after pulling the trigger. one of the victims from that scene a 36-year-old man died after arriving at the hospital. there are active shooting investigations in four neighborhoods. germantown, west philadelphia north philadelphia and kensington. i'm going to check back in with police in the next little bit to try and get an update. at this time they are not saying if they think any of the shootings are connected. reporting live in center city katy zachry, "nbc 10 news." >>> 5:33 now. happening today, two brothers accused of murdering a philadelphia police officer will find out if they will stand trial. carlton hibbs will stand for a preliminary hearing. they're accused of shooting an officer at a game stop in north philadelphia. >>> beau biden is in the hospital this m

it derailed in a neighborhood known as frankfurt junction. in the last half hour, the national transportation safety board confirmed the train 188 was going more than 100 miles per hour as it approached the cub turning to the left. seven people died. more than 200 others have been injured. all of this happened on the eve of the amtrak budget bill coming up for debate on capitol hill. senior political correspondent scott thuman has more on that and the future of what it could be for the future of the budget. scott? scott: leon, in fact out of pure coincidence amtrak funding was up for debate today on capitol hill. democrats were pushing to boost the budget by more than $1 billion. but lost that battle or the initial one to republicans who say there are cuts that need to be made. many on the defensive tonight saying don't blame us. >> they suggest because we had not funded this properly that is what caused the accident. when you have no idea. no idea. scott: regardless of what triggered the terrible train crash, a fight to prevent another one.

shares are up 2.2% in frankfurt today. coming up on worldwide exchange the battle to take back ramadi continues. could more weapons from the u.s. get the swrob donejob done? we'll get the view from saudi arabia after this short break. >>> welcome back. twitter is reportedly in talks to buy flip board the social media magazine app for more than $1 billion and the fed's stanley fisher says too much weight is being put on the timing of a rate hike. 12 people are missing in texas after the holiday home they were staying in was swept away by flood waters in the small tourist town at least 2,000 had to evacuate their homes following tornadoes that caused major flooding in the area. 250 to 400 homes were destroyed in the town. the weather forced safety precautions and travel restrictions throughout the region. fans at the houston rocket's playoff game were asked to remain in the arena following the victory. dwight howard was also stranded and remained on the court in solidarity with the fans. at least ten people were killed in th

let's take a look at how they're trading up 2% in frankfurt. music streaming has had it's fair share of controversy in recent times but it's not stopped a number of services from popping up and taking on giants such as spotify and pandora. we take a look at the latest app in line. >> there has been no shortage of headlines in the music streaming sector. from jay-z's relaunch of tidal. spotify's 8 billion valuation. streaming of music surged 54% last year while paid downloads of songs declined by 12%. in a trendy night spot in east london we visited an event organized by one of the new kids on the block. artists upload their music and users have the opportunity to listen to the music as a streaming service and virtually invest in artists they think can do well. >> we really hope that it's an alternative streaming platform that artists instead of uploading their music to the platform and maybe earning micropayments from streaming they're given really valuable opportunities. >> unlike the established streaming platforms they aim to cater for the e

a stormy shareholder meeting for deutsche bank in frankfurt. the return on equity was not satisfactory and suggested that more cost cuts would be needed. >> we are not satisfied with the cost savings we have delivered. >> this would be the top priority on the agenda in the next few years. the result is that returns to you, our shareholders, are not been what we aimed for. we have made progress. but our work is not complete. total shareholder return since we took office is positive in absolute terms but not satisfactory relative to other german companies or other banks. >> let's have a look at the share price. shares are flat in today's trading session but since they announced that big strategy overhaul earlier this year share versus fallen 6% versus the banking index in europe which is pretty much flat. that tells you a lot. it tells you that the market isn't believing that strategy overhaul. 3.5 billion in cost savings is what they want by 2020. they don't have the best track record when it comes to cost savings. return of 10% hastlast year an

here at wheatsheaf and frankfurt. here comes the mayor. here is the mayor, police commissioner and other personnel. we're going to take them live right here. you can see city personnel, chief joe sullivan. and homeland security here. along with deputy commissioner richard ross. just quickly getting information together before they talk to us. and we expect to get the first briefings. this occurred about two hours ago here amtrak train with 248 passengers on board and five crew members from what we understand. there are reports of serious injuries on board. there have been reports unconfirmed of some fatalities but again that has not been confirmed by anyone here at the scene at this point. we're about tohe briefing as far as removing individuals from the trains. we've seen several bus loads of individuals being removed on septa buses and they'll be taken to the hospital from what i understand to be looked at and talked to by medical personnel to make sure they're okay. again very chaotic scene here tonight. this unfolded. here in the port

it doesn't quite seem frankfurt for me but you may know a different side of frankfurt than i do.ey don't do hoedown's like they used to anymore. let's talk about this group of institutional investors. they want something different, who are they, what do they want and how loud and vocal will they be? hans: the ones that are opposed will be vocal and loud. here is a statement that hermes -- they control 5%. here is a statement put out late last night with this negative vote against the board. we vote formally to express our strong concerns about a range of issues and our lack of confidence in the management board. that is hans christoph. they join isf, we don't know what percentage they will be at. shareholders meetings here in germany typically go a long time and most of the questions technically need to be answered and eventually we will have a vote and see how it comes down. manus what will be speaking to the very group. you do not want to miss that interview. what are his objections to the current program and leadership at deutsche bank and a girl federal reserve officials sign

the latest from frankfurt. china's manufacturing output slips to a 13 month low.he eurozone pmi data breaking now. you'll will be those numbers in just a moment. francinee: i am in paris and we will be speaking to a lot of ceos and different busine

this is something wall street lawyers do every day, frankfurt lawyers do every day. they do this in the private sector but in the public sector we have political constraints. lower growth lower income and lower capacity to repay the loans. so this is the political conundrum we find ourselves in. julia joins us with more on this story. we're still in a big conundrum. >> absolutely. i don't disagree with many of the comments he makes but it comes down to timing and what the message still is that even yesterday it was we're not going to back down on pensions and wage reform but the focus is on the ecb. they're meeting today to discuss the emergency liquidity assistance. they may reduce the amount available. the suggestion is it will go from what's available now around 95 billion euros. it's an incremental decrease. if we look at how much they've been using it gives them around four extra weeks if that's the case. so worth watching. >> okay. great stuff julia. that's obviously the latest developments. stick with us because let's talk about this more. commerzbank suggeste

the main topic at the agm today in frankfurt. olivia: initially, they were certain pitching equals ceos but after today's reshuffle it clearly looks like the ceo has carried control of deutsche bank. why is on to gain -- why are they assuming the strategy in the right move, in your opinion? ingo: the power increased last night -- jain's power increased last night and they will be a new management or new man in the lead as division department of the company for private line. in addition, mr. jain is clearly a change compared to past years where you have two ceos and co-ceos. mr. fitchen did not get new ambitious task for the future. on one hand, more tasks to mr. jain and also more pressure on mr. jain to deliver because the time is over now. erik: your company has funds amount dutch of bank -- amounts of -- and deutsche bank. do they have you support? ingo: our approach is to say to the board members who knows all the details. it is not the question of the system from a shareholder point of view to dismiss management. erik: i und

the friends and relatives center on frankfurt avenue has now closed. we transitioned to amtrak family assistance center at the marriott at market street. that is open as of 2:00 p.m. today. thanks. >> before i bring the senators up, let me recognize judge rene caldwell hughes, leader of the american red cross here in philadelphia. one of our partners in any of these efforts. want to thank her and the american red cross and of course the salvation army which is also been on the ground and very helpful, and, the great, great folks at wawa have made enormous contributions to the first responder personnel with water and a variety of other necessary supplies, given the work that they are doing, and helping necessary supplies. given the work that they are doing. first will be senator bob casey. then the next senator and then i will be back. >> thank you very much. we are here to offer our condolences and prayers and support. i want to commend the work of the mayor and the city officials, state officials. the most horrific circumstances. finally, senator and

the prime minister of greece is off to frankfurt.to frankfurt and met driving the same day, they lifted the waiver. they are looking for a slightly better results. there has deftly been from the greek government at least a pickup in the urgency over the last few days for sure. francine: marcus, thank you so much. he has the very latest on the greek debacle. guy: we are going to take a break. would we come back, michael o'leary will be joining us. what would it take for you to fly? is no your thoughts. ♪ francine: welcome back to "the pulse." we're live at bloomberg international headquarters in london. guy: the budget airline is attracting 9 million passengers last month. there is still room for improvement when it comes to securing corporate profits. joining us now is mr. o'leary, the ceo of ryanair. are you happy with the last quarter? is what you are doing specifically or is the market up? michael: we have traffic up 16% and the load factor is up 7%. i think it's still a slice of consumers away from high fares and carriers to low-

american airlines flight 700 was traveling from philadelphia international airport to frankfurt, germany. someone on board the plane died of a heart attack. the plane landed in newfoundland. in the last 30 minutes american airlines told us all passengers have been put in hotel rooms and will get a flight to frankfurt earlier this morning. >>> we're looking to find out the conditions of two people involved in a motorcycle crash in germantown. philadelphia police believe the man may have run a red light at hortter street and chu avenue. >>> 6:03. the biggest auto recall ever. if you own a car or truck there is a 1 in 4 chance you'll be affected by it. chris cato is here. chris, airbags. >> yeah something that's supposed to keep you safe is the reason for this massive recall. the airbags made by japanese company takata the government regulators are ordering them to be replaced. we have some perspective. 33.8 million. 1 in 4 vehicles on the road. you have a 1 in 4 chance of being affected by this. the faulty and potentially deadly airbags were made by takata. they're included in honda, toyot

an area called the frankfurt junction. locals call the frankfurt junction a notorious curve out here on the rails. the speed limit in this area just 15 miles per hour. at least seven people killed in the crash including u.s. naval academy midshipman, and an associated press video software architect. he was 4. hospitals treated more than 200 people. many of them hurt when other people or objects fell on top of them. >> this huge red suitcase came flying at me. our train was actually on its side. so it pushed me on to the side of the train. and it hit my chest. i think i have a few fractured ribs. >> cnn's jason carol reporting thchlt i want to bring in cnn's samuel burke, live at the crash site and has the very latest for us. samuel, it is just after 2:00 in the morning there in philadelphia. talk to us about what its happening at the crash site at this early hour. tell us also, about the removal of these cars, most of the train cars have been removed from the crash site haven't they? what do investigators hope to learn fro

Éste es en el Área de frankfurt a eso de las 9:30.en la maÑana desde washington. entre 40 y 60 personas, se han declarado que han sido heridas. 15 buses han llegado para transportar a las otras personas. han que no resultaron heridos, a llevarlos a un sitio seguro como lo es la escuela western, esto es lo que sucede en este momento en el Área de filadelfia. bienvenidos a esta ediciÓn de noticias univisiÓn 65. vamos a cambiar y vamos a otro sitio, a plena luz del dÍa, resultÓ un incidente en lo cual a cuatro oficiales resultaron heridos y un sospechoso. fiore hernÁndez nos explica. >> habÍa varios policÍas en donde estaba el problema. cuando saliÓ, saliÓ por encima de todo el mundo. fiore: rafael dice solo haber captado parte de lo que ocurriÓ. pensÉ el hombre de 46 aÑos de edad, a quien trataron de ayudar despuÉs de haber chocado su auto, intentÓ arrollarlos con su auto. dicen que logrÓ impactar a cuatro oficiales. >> la verdad de lo que pasÓ, lo puede decir este vecino. fiore: por 20 aÑos, las autoridades explican que el sospechoso,

oh we are euro sent shares in frankfurt rocketing. javier sent us this summary. >> the markets are back on track after statements of one of the officials of the european central bank who are sure to investors that the ecb will continue with its bond buying program and that there will be comprehensive acquisitions of bonds in the months of may and june. both of which are characterized by less movement in the markets. investors like the news, but the euro did not. they lost after the news came out. it is good for germany and the eurozone. >> was take a quick look at tuesday's numbers. the dax was up by nearly 2.15%. the euro stoxx 50 also looking great this tuesday. across the atlantic on wall street, the dow, let's call it flat. and the euro plunging as we said, trading at a value of one u.s. dollar 1150. >> train drivers going on strike again. this new strike is open-ended and threatens travel chaos over the coming holiday weekend. >> the union's demand a 5% pay hike. shorter working hours and the right to represent other rail workers

that will be something that is debated today in frankfurt. it is a thorny issue.get a decision today but we will get a lot of talking. manus: thanks for your take on that. the ela may indeed be reduced rather than increased. thank you very much, gentlemen. mark: two days until voters head to the polls. let's go to anna edwards in westminster. what happens then on this last day of campaigning? anna: good morning to you. the last day of campaigning, and the challenge for these parties is to get around a number of seats. a number of them are traveling the length and breadth of the country to shore up those constituencies. tomorrow, 650 mps will be elected eventually to the house of commons in the seats behind me. the polls aren't giving us any clues. we still have the conservatives and the labour party you can you can the polls. the ashcroft pull puts the conservatives a couple percentage points ahead but that is not very material. some of the spread bets are giving us interesting calls. forecasts that more seats will go to the tories, and some computer models that h

thank you so much from athens and frankfurt.e: we'll discuss how a possible approach by microsoft is generating new interest in salesforce.com. stay with us. >> bloomberg television is brought to you by servpro,. francine: welcome back to "the pulse" live on bloomberg tv and bloomberg.com and streaming on the ipad. and they're weighing a bid. the interest has been sparked as a software pioneer. elliot has the latest. how likely is it that it will go through? elliot: we don't know at this stage. what seems to have happened is the approaches from other companies to salesforce.com which we understand has retained the services of two investment banks has plushed out at least the thought of microsoft who may come along and try and get ahold of salesforce to boost their cloud computing division. it's the early stage and microsoft is just weighing out the possibility of doing a and aren't in discussions but the salesforce.com is worth $50 billion and just shy of that is in play. guy: in terms of why the deal would be done, you look at

the european close indices closing to the downside as well with the frankfurt dax being the hardest hitwe sought greek concerns in european stock markets this session. as i say, concerns that the greek government won't be able to fulfill its obligations as a debt repayment to the imf which is due next week. those concerns also putting pressure on the single currency the euro, and get the dollar. let's talk you through a few stories we are watching for you shares in ryanair swordoared. for the 12 months ending in march, they posted a net profit of 867 million euros. this was after it improved customer service. it has been trying to attract the all-important business passengers. meanwhile, the hours government will make a decision on the potential of its air carrier. ministers are mulling over a takeover offer from iag. the irish government has a 25% stake in aer lingus. the unions are not happy and they oppose the deal. a former trader has gone on trial in britain for the so-called liber scandal. he has been charged on conspiring with other traders at financial institutions to manipulate

availability of information, that corporation might have had idle funds sitting in its account in frankfurt while at the same time sitting with possibly an overdraft on which it would pay substantial interest in mexico. with this technology the company can very efficiently in effect, fully deploy its financial resources around the world. technology comes down to earth when it affects your own pocket. linked with high-speed computers, satellite communication has an impact on the availability of personal credit. just as i can use my visa card to get cash in the united states i can use my visa card while traveling overseas again to get cash. but those activities require a telecommunications and technology network which allows the bank or the merchant to validate that that's a good card with sufficient credit line behind it. so in business management efficiency, in banking for both corporations and individuals, satellite technology is aiding productivity and growth. how important is the field of communications to national economic growth? albert halprin of the fcc. telecommunications is a vital

the frankfurt dax was down and the cac 40 was flat. it lets talk you through the u.s. markets and see where they are trading this hour. just over 40 minutes to go on trading, the nasdaq is in positive territory and the s&p 500 and the dow jones are down somewhat. not by much. investors are reacting after janet yellen said in a tourist rate hike would be appropriate at some point in this year. there has been this debate and a lot of talking, thinking about when the federal reserve will stop hiking interest rates. something investors have not been keen on previously. and a few other stories we are watching the edf has offered two billion euros to buy a part of the areva. the chief executive said he wants to buy the business, but did not outline a price tag. they have been bleeding cash since the french state has been looking for ways to salvage the business. one of the largest insurance companies is cutting its investments in whole companies. it will sell off: industry assets to the tune of 500 million euros. this was announced during a conference here in paris. axa is t

you can see price action in frankfurt. costco's third quarter profit jumped 9% on a jump in store traffic. but excluding gas prices and impact of foreign currencies same store sales rose 6% overall and 5% in the u.s. looking at shares trading around 7% below the all time high slightly higher in today's trade. in frankfurt up 1%. the scandal that has rocked the world of soccer. we bring you the latest from zurich after this sort break. we're back in two minutes. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or movement. because it's so challenging a research project is teaching ibm watson to see. in the future, it could help clinicians spot key patterns quickly and precisely. ibm watson is working to make healthcare smarter every day. >>> and these are your headlines. deal or no deal. futures point lower as optimism on greek debt talks fade as shanghai stocks sell off. bank of japa

brent: and we will go down on the marketeer and see what is happening at the frankfurt stock exchange good news from spain, growth is really accelerating their. sure there -- accelerating there. sure there is still high unemployment among the youth of the country, but that is typical of this kind of upswing. spain could serve as an example for countries like greece, this is where austerity reforms to pay off in the end. the positive news from spain that did not hit home was what will, of greece, will a default the avoided, and will an agreement be reached? people here in the market will continue to work to -- look to dresden to continue to look for answers. brent: let's turn now to africa where there has long been a huge problem with elephants and rhinos being poached for their ivory. anchor 2: now illegal hunters are targeting giraffes on a mass scale. some say they're crushed bones can cure aids -- their crushed bones can cure aids, others say they just need the meat to survive. brent: the population has dropped by 65%. >> it is so unusual to see this much greenery here at this rese

amtrak confirms high level management was unaware the fail safe system was missing near the frankfurt curve where amtrak 188 went off the tracks. >> we're going to want to interview the people who were responsible for making those decisions and we ultimately will make an evaluation as to whether or not that was sufficient risk management. >> automatic train control is an older rail based safety system that experts say worked. it signals the engineer if the train exceeds speed limits. the engineer has a knew seconds to slow the train before the safety system takes over and brings it to a stop >> my understanding is there was supposed to be automatic train control at that site. that was my understanding. >> the doctor consults the state of pennsylvania on rail safety. he was surprised when we told him the automatic train control system was missing on this section of track. >> the coded signal automatic train control system is supposed to be in operation through the northeast corridor. >> reporter: now the northbound track, the section of track that 188 was traveling on does not have the

police in germany have canceled an international cycle race that was due to take place in frankfurt today because of fears of a terrorist attack. islamic extremists were arrested on wednesday after weapons were found in their apartment. jenny hill reports on what was found. jenny: this, police suspect, was the plan target of a major terror attack. the annual cycle raised the tracks -- cycle race attracts locals and foreigners from all of the world. there would have been thousands of spectators. >> i can understand the police's decision entirely and i am glad that someone made the decision not to take any risks because in that decision it is the right thing not to endanger human life. yes, i think it was absolutely the right decision. jenny: here is why police took that decision. when they raided this nearby apartment, they found a pipe bomb weapons, and chemicals used to make explosives. the men and women who live here have been under surveillance for weeks. they used fake id to buy leaders of a chemical used in bomb making. -- to buy liters of a chemical used in bomb making. the man link

. >> frankfurt and sludge sludge lake were of recovery action is taking place. everybody is trying to make sense of it all. passengers who were on board the ill-fated train came back. >> he was in the second car and he said it was surreal. >> it seemed to almost be gliding off the track and eventually it hit and there was all sorts of debris flying around. >> he says he can't feel his leg but he's here to tell the story. a very surreal day for the people who live here on frankfort avenue. this train wreck happened in their own backyard. mary was looking out of her back window. >> i saw it in my whole room lit up. >> what i can understand what i saw on the news is how the first car could be so mangal and the rest of them be more intact. >> this is bob ludden. he lives across from the tracks down from the media's grub. he built this grill out of the k.. he made the harley-davidson out of steel. right now he is doing his part to stop a train wreck. >> my buddy has a scanner function on his phone and he put the scanner on and there came. the train crash. the next fi

work does continue here on the crash site here near frankfurt avenue. we are now seeing the cranes there. they are busy picking up pieces of the train to be taken away and investigatedded further. that is it for now from here. there is a lot of work to be done. we will cover it every step of the way. we will continue to work to get you answers just what went wrong in philadelphia. so many questions to answer. we will bring you all the new details on the investigation as it breaks. much more coming up tonight on abc7 news at 11:00. back to you. ureen: thank you. now go to the weather. a beautiful day. doug: more like yesterday. 90 degrees was not typical. today upper 60's to 70's in spots. look at the beautiful book at the belle haven country club. the winds have been gusty. blowing the pollen around. what we have seen in the last hour is the deck of the heavy cloud cover in the day. it will continue to diminish. the temperatures in the mid-60's. 65 at reagan national. the official numbers for you. 71 and 63 is the high and low at reagan national. 75 and

we saw the frankfurt and paris stock exchanges go higher than more than 2%. london also climbed, but with a little less conviction. the ecb official has said the ecb will be speeding up its bond buying program in may and june. the ecb has been buying bonds in the tune of 60 billion euros every month since march in order to speed up the european economy. he says that program will be speeded up in may and june ahead of a little bit of a summer lull in july and august. we do not see the same feel-good factor stateside this hour as we saw in europe. the dow jones is currently holding its head above the flat line, but not my much. the nasdaq and s&p 500 are trading to the downside. this as investors are digesting the latest data coming after the u.s. housing market, housing stocks came in stronger during the month of april then was forecast. it still has not done much for american stocks this session with the nasdaq and s&p 500 trading to the downside. let's take a look at some individual company news in the markets. we are seeing shares and walmart coming under p

the frankfurt, dax down a tense of a percent. -- a 10th of a percent. it was really that uncertainty over greece, whether there will be won't be a deal before deadline next week. under 35 minutes to go. we are seeing this is in negative territory. it follows an all-time high by the nasdaq on wednesday. perhaps it is only natural to see a little bit of a sell off when it comes to those american indices. the american of americans that apply for jobless benefits last week also popped up somewhat surprisingly which may also be putting some pressure on those american shares. let's bring you up-to-date with a few other stories. when chinese stock markets were rocked by a sharp selloff shanghai's main stock index ended the session six and a half percent lower. that was the sharpest drop since january. a number includes a position by china's main sovereign wealth fund. rom pacifica, this is democracy now! >> there are 500 information requests from media, into what has been happening with wikileaks. it has been brought under the excuse that to release such infor

the cap toronto is down 3.4%, as is the frankfurt dax. a.b. foods on the index was the best performer, with shares of almost 2.5%. competition in the virtual reality were market heated up thursday. google announced it is teaming up with gopro, the maker of the small but heavy-duty digital video cameras. their strategy is to offer a supercheap solution to amateurs and professionals to break into an arena where the technology has been historically expensive and scarce. just the latest newcomers in vr. facebook and oculus have been busy as well. >> it is a partnership to bring virtual reality to the mass market. gopro is developing a tripod with a circle of 16 outward facing cameras. once it has been uploaded to the cloud, amateur filmmakers and professionals will use google to piece together the images into a 3-d film. earlier this year, the internet giant marched a cardboard headset for $25. viewers simply insert their smartphones and watch. >> one of the biggest hurdles folks have to cause -- have to cross with virtual reality is, how do i cre

just like falls in paris and frankfurt. corporate earnings helping things elsewhere. the london ftse 100 is back from his holiday and trading it 0.4%. it has seen a 4% increase in pretax profits thanks to a rebound in banking investment. the chief executive said they have recovered well in the first part of 2015. they have not said whether or not they will move there headquarters out of london but that decision will be taken in the coming months. earnings for ubs of just under 1.9 billion euros. there are several discussions over allegations of currency market manipulation. and the german airline left on-site saul robin -- lufthansa saw revenues rise 8%. the airline expects fuel costs to increase this year from 6 billion euros to 6.2 billion euros. genie: the live streaming out there scott has actually gotten into some hot water over the big boxing match over the weekend. stephen: that is right, you can stream video live using a mobile app owned by twitter. but it has come under criticism after the big fight over the weekend, floyd mayweather and manny pacquiao. it co

conrad and does -- then does his take of things from the floor of the frankfurt. >> big words from volkswagen ceo, but they did not impress investors. there were many losers this today. neither were investors impressed by strong earnings reports. the bank ubs, even lufthansa all of these companies posted higher earnings than analyst predict it. what made the move -- the mood turned sour this today was fresh economic data from the u.s. it has become more likely that the first quarter gdp for the right will have to be revised downward again and revise below zero. >> let's take a closer look at the days trading numbers. the volume at the same amount, finishing at 546. the dow currently in negative territory as well. the euro that $1.12. >> jean marine le pen, the founder of the far right national front in france has disowned his daughter, who is now the party leader, marine le pen. >> marine suspended him from the party on monday after he refused to attend a disciplinary hearing over remarks in which he called the 90 gas chambers --the nazi gas chambers "a detail of history. up -- "a detail of h

as we just heard , shares in frankfurt fell early but rebounded. the dax ended 0.5% higher. the euro stoxx 50 was little changed. in the states, trading still underway. investors cautious following comments from fed chair janet yellen that stock prices might be too high. one euro will get you 1.1270. a decade ago, the memorial to the murdered jews in europe was inaugurated in the heart of the german capital. brent: it was bert -- built after years of emotional debate. there was concern it would become the target of new nazi attacks -- of neo-nazi attacks. today, it is one of berlin's most visited sites. reporter: it's easy to get lost within this monument. to feel trapped, threatened, without orientation. thousands of people wander among the columns each day. for many, it is a moving experience. >> it starts off slowly, but then they engulf you. >> i think i can have a sense of isolation and fear and wondering what is going to happen next. reporter: the holocaust memorial is the brainchild of a journalist who campaigned for its construction for many years. he -- she says it