the london ftse is up, the cac as welker but the frankfurt dax is slightly in -- but the frankfurt dax is slightly in the red. somenow for a look at company results. the world's top carmaker says income was up nearly 5% partly due to the weekend. sales fell in asia -- partly due to the weak yen. sales fell in asia. europe's biggest bank missed analyst estimates. bnp paribas reported quarterly profits of 600 65 million euros, down more than 50% from the same joke last year. of 665 million euros, down more than 50% from the same last year. arcelormittal, the chinese have flooded the market, leading to falling prices in steel. arsenal and mattel will sell its sell alormittal will component. higheras posted quarterly profits, but the swedish company is repairing for a worse than expected slowdown in the north american market. it will cut its u.s. production for heavy-duty trucks. volvo is in tight competition with german rival daimler and volkswagen at a time when demand for commercial vehicles is falling. 50 years ago, during the very tvst super bowl, a 30-second ad sold for $42,000. this

what is the difference between the ineffective dissent of the frankfurter? >> i think my friend mark gave me a very interesting clue. he said you can't tell the great dissent until history has made its judgment. so in other words, we may be getting some great dissents from the roberts court but we don't know it yet because we don't know what influence it's going to have. brandeis' opinion in whitney takes 40 years before the court catches up and adopts the free speech case until the court catches up to his opinion in olmstead ways sets forth the right to privacy and a new the of the fourth amendment takes almost 40 years for the court to catch up without. harlan was dismissed as a prank. in fact, just before brown is written there is an article in the log review remembering justice harlan, in which there was a this amazing fact that there wasn't a single constitutional law textbook been in use in the united states that included harlan's dissent in either the civil rights cases or plessy v. ferguson. it's practically forgotten except by the naacp and some oth

we'll talk central banks in the reason why hans is in frankfurt.pmorgan trading revenue dropped 20% this year amid the global rout. but the bank is gaining share in europe. is this bad news for deutsche bank? we will talk about that during the next hour and a half. we are a half hour with the european market open. let me show you the fair value tech elation we have this mark. fairly flat, i little bit of civility may creeping back into these assets after some fairly big days. you can see london just a little bit higher. let me take you through some of the other assets you need to know about this morning. pound thatg at a is back above1.40 but has gone below that overnight. if you're on the bloomberg, go check it out. it is a great story but where economists see the pound going. dollar yen continues to move. you could see in overextension of the fed doesn't hike. you could to the move all the way to 1.05, what would that do to the japanese economy? a big move earlier on the week doing damage. about what is happening here. we have to tackle at this i

paris and frankfurt, the dax is set to open 2% higher. london indicated up 1.85% all on the back of the asian market value. what are central banks doing next? the on the move team will get you up to that. ♪ guy: welcome to "on the move." we are counting you down to the european equity open. what are we watching this morning? the biggest move for the onshore you want since 2005. china is back with a bang. it is significant. rocking the markets this morning and we are looking at a strong equity market story in europe. the topix and the nikkei soaring overnight. and, one flat mark against asia. hsbc deciding that london is where it would like to remain. it as

the dax closed at 8752, down almost 3%. >> another rough day at the frankfurt stock market. the german blue-chip's are still in the red and even wall street is in a negative territory, from the beginning of today's trading the obviously, international investors are fleeing to save haven assets. reporter: and so there weren't just losers on this thursday, but one big winner, gold. it's priced sorted to a 12-month high. we are seeing reflexive flights scenarios when the stock market is as jittery as it is now. people try to find a safe haven and gold is one of the safe havens. that is why it's prices high. the price of gold may be determined by the u.s. federal reserve's monetary policy. if the fed raises interest rates, money will likely flow into the bond market. but for now, just about all that is littering is gold. helen: in the wake of lester's terror attacks in france and the assaults against women in new year's eve in cologne giving way to a rise in anti-immigration sentiment, germany has become a boom market for salt offense devices. -- self-defense devices. stun guns

. >> after last friday's poor showing, the mood on the frankfurt stock exchange is far from bullish.te trading, the dax slumped over 3%. analysts say investors need more indicators enough is being done in the world's major markets to head off a global economic cooldown. the biggest problem is not the crisis, it is that monetary policy allows these to happen. like in china. that has to be addressed. stock markets have to be held up. the picture will not improve if investors stay in a bad mood. but investors have little reason for optimism as the new week gets underway. they are not just worried about china. many are afraid the u.s. is slowing down. the world's largest economy added 151,000 jobs in january, a sharp drop from previous months and well below what analysts had been expecting. >> our financial correspondent in frankfurt witnessed the dax nosedived by over 3%. here is what he had to say. >> this was another nonstarter this week after a week with heavy losses. the new week starts in negative territory. in europe, increase, the stocks -- in greece, the stocks close down nearly

taking you back to the night of may 12th in the city's frankfurt neighborhood.mtrak 188 was going 106 miles per hour around a 50 mile-per-hour curve when it derailed, killing 8 and injuring more than 200 people. one of the top points of interest is going to be the transcripts of interviews conducted with the engineer, who after the crash said he did not remember what happened. the documents are expected to be released this afternoon with the final analysis coming several months from now. coming up at 5:00, we'll talk about what we do know about this crash and what happens from here on out. live at 30th street station, matt delucia, nbc 10 news. >> amtrak is investigating a case of someone throwing objects at an acela express train in philadelphia last night. the object struck the train as it was rolling through bridesburg. no passengers or crew were hurt. the train was headed from washington to new york. >>> more than 24 hours after a shooting in bethlehem, two people are behind bars and the teen victims are still in the hospital. police say a 14 an@ç 16-year-ol

frankfurt is in the biggest gain today at this point of the trading day. a short time ago it was up over 2.2%. that's largely thanks to deutsche bank, the german lender had been among the worst hit by that investor panic really over its financial health. it's up over 13% today in frankfurt. gains, too, for many european banks. another example, societe generale here in paris is up by over 8%. the other factor we're watching on the markets for you is the price of oil. on tuesday we had a warning from the international energy agency that oversupply in the oil markets is going to get worse. that sent the brent crude index down 7% yesterday. it's up over 2%, as you can see today. jamie: stephen, thanks. that's really been the focus this week, and italy's banks in particular. stephen: that's right. shares in the biggest banks fell by some 30% since the start of this year. italy's banks have been cutting costs with left handers like unicredit, forced to cut thousands of jobs. a deal with the european union to tackle the problem's so-called bad loans was agreed la

we going to go to frankfurt next, had -- frankfurt next, hounds and i. ♪ >> 50 minutes past the hour.n. it is a busy week ahead here we kick off with euro area inflation. one of the last pieces of data the ecb will get before it's march 10 decision. next, super tuesday. the primaries and caucuses, have the delegates are at stake. -- half of the delegates are at stake. on thursday, a group of 100 chinese politicians begins the tuesday meetings to a lay the groundwork for the national people's congress expected in march. we get some targets in terms of growth. friday, we get u.s. payroll numbers. economist i expect in the jobless rate to hold after an eight year low. hans? hans: let's get back to get inflation story. i've got a chart up. from france,es germany and spain. france was supposed to come in germany, -0.2. spain down to 0.9. that gives us the cpi estimate for euro coming in at zero. we are joined by paul gordon. he is the central bank editor did he is joining us from frankfurt. the numbers are going to drop. what are the various indications on how bad it is for the ecb? estima

nick george's out of frankfurt. -- joins us out of frankfurt. talk to us about what deutsche bank could be doing with this buyback. very -- i wantis to point out it is a very preliminary consideration for the bank. it makes complete sense for them to be considering this. but, there are a lot of uncertainties which they have to weigh. not least of which is what happens with janet yellen on the hill today. the logic behind it would be deutsche bank is shrinking its balance sheet. which means it has more available liquidity. workp at that liquidity to -- why not put that liquidity to work? you could buy bonds. ward port of the would allow them to book gains because these markets are trading below. at 95,buy that it back 85 then you book that gain. that adds to your capital. reasons, for technical it makes sense. the calculations make sense. you mention whether this solves the problems for deutsche bank. is this a signaling of what they are about to do? is that important as well? isk: let's face it, this showing a bit of strength. it may make busine

london, paris, and frankfurt. the ibex has yet to go.ng down 21 points at the moment on the futures. u.s. equity futures indicate a little bit lower. is the dollar rally over? it is the biggest gold trade we have seen for many years. themarkets heavy crude decline we have had from negative interest rates in the biggest weekly advance in yen versus the dollar in six years. index, 96. the mother of all trades is breaking down if you believe oppenheime. in a gain. scrapes let's get your first news with caroline hyde. caroline: the u.s. dollar is headed for its worst week since 2009. the federal reserve will hold interest rates unchanged in the end because of a weaker global economy. demands for debt have sent the 10-year bond yield to a record slow. -- a record low. is planning to propose a $10 per barrel tax on oil in his 2017 budget. the money would be used for green energy initiatives. drawn swift objections in the oil industry and would require approval on the republican-controlled congress, which is unlikely. bnp paribas posted a decli

probably the same time in frankfurt. and i were back in london if my clock is right.oline hyde has our stocks to watch. caroline: we are keeping a close eye on rbs. this is a u.k. lender and it is trying to start to move away from government ownership. start to give money back to the shareholder base. we are seeing rbs underperforming where markets have been hoping. we had that overall announcement back in january, that warning we got than they were taking significant hits related to restructuring costs. overall, strip away those one-off items and you see that the overall profit was a miss in terms of estimates. they are the biggest taxpayer-owned lender in england. since thatal loss bailout in the height of the financial crisis. 1.98 billion pounds in terms of a loss. actually, it is a 20% fall in pretax profit. that fall is overall a miss. we are likely to see the stock fall slightly on the moment. this is telefonica. spanish company. we are likely to see that fall on the open. europe's second-largest phone company reported a fourth-quarter loss. we know this is a c

would haved headquarters in london and frankfurt.roup iag reported full-year operating profit rising 68% to 2.34 billion euros, matching analyst estimates. the owner of british airways which tapped transatlantic traffic and bought aer lingus said it expects it will grow by a similar amount this year. iag to clear a $.20 per share dividend. francine: thank you so much. denmark, sweden, switzerland, the euro area, and now japan. the list of countries adopting negative interest rate strategies keep lengthening. our negative rates a zero-sum game? that is the fear of bank of england governor mark carney. >> nonetheless, when negative rates are implemented in ways that insulate retail customers, shutting off channels that affect domestic demand while allowing wholesale rates to adjust, their main effect can be through the exchange rate. from an individual country's perspective, this may be a way to boost activity. for the world as a whole, this is ultimately a zero-sum game. carneye: that was mark talking at the g-20. there has been a lot

they want to do it by the annual shareholders meeting in april in frankfurt.is a bank in transition. martin blessing seems to be leaving it in good shape. jon: hans nichols in berlin, thank you very much. stay with bloomberg tv. we will be speaking to miss her blessing life on bloomberg. our next guest, otto dichtl. good news in the numbers. the cfo can't reach some of the goals in 2016, citing the low interest rate environment. it seems that is where the attention is. maybe negative consequences of negative interest rates. i just want your thoughts on that particular debate as it goes on. otto: i think it's one of the big items that arguably are hitting the banking sector, particularly hard at the moment. implicationshas widely, across industries, for insurance companies as well. at the moment, the banks are taking the brunt of that. basically, low interest rate, there's a number of implications. one is, an indication of a very low growth outlook and for banks in particular, it also reduces earnings prospects. with a very flat yield curve, the margins get pre

let's get over to frankfurt, with paul gordon. economists are expecting this to be flat.icials going to come out, post this number, and give us a narrative? >> well, there is not much room to give a narrative. steer market expectations but we have policymakers speaking this week although often not on monetary policy matters. onre is one to watch wednesday when he speaks at a conference here in frankfurt before heading off to brussels and speaking there. if the ecb when it gets the inflation number it will have to react fairly sharply ends the singly and clearly. this is the single needle in the compass, isn't it? this is what they should base everything on. >> well they are looking at inflation expectations -- this number will influence that. they are very weak which, whatever way you look at it, they are not going strongly. the question is, what do you do in order to get those expectations higher before they get raked into the economy? as the bank of france governor said the big concern now is deflation, not inflation. guy: we look forward to your coverage. thanks for jo

assembly would allow anyone with a concealed permit to bring guns. groups on both sides rallied on frankfurt. and supporters want to protect themselves and opponents worry >> anybody there, potential victim. >> and the sponsor, says it has bipartisan support. it hasn't been put to a vote. >>> coming at 6:00, >> it caused in he . >> gender wars may extend to your credit. women tend to have lower scores than men. the average score for men is 630 compared to 621 for women. experts say men are not necessarily smarter about money matters. the difference, they tend to earn more than women. electric panel are supposed to start fires, not -- and reporter, kirk ludlow from the sister station in columbus, shows you what to look for >> this is what happens when too much electric circuit. in slow motion, sparks, smoke, flames, heat, everything necessary to start a fire. until recently the circuit breaker was attacked to this, on the second floor of my house. steve turner is who i hired. as soon as i identified the panel, told me it needed to be replaced. sometimes the breakers don't trip. >> several spe

shouldn't be driven or determined by can return to duty.we spoke to sanders today as he drove to frankfurt - to help get commonwealth law changed.this bill would make any attack on a police dog a felony.lt. marcus jordan/covington police k9 coordinator 171307 i can't imagine why kentucky is still a misdemeanor, but it is.ernie was back at work quickly.but consider this - it costs more to have a k-9 than a cruiser - part of why covington officers agree with sanders.jordan 171252 just the sheer amount of cashflow involved in them, would make it seem to be a felony from the get-go. not to and started shooting at a dog in the middle of a neighborhood.right now - an attack on a k-9 is only a felony if the dog dies or can't work.ohio is the same way.and get this - sanders says attempted murder charge rice faces - is considered non-violent in kentucky. sanders 0331 these are just facets of kentucky law that i can only imagine the people who wrote these laws couldn't imagine the kinds of cases we are dealing with.evan millward/evan.millw ard@wcpo.com - sanders says he just this legislative session

the oxford rating -- the operating of the frankfurt by nearly 5%. they are in talks about a potential merger. a combination of the firms would create a european champion and one of the largest exchanges. shares slumped and ended -- slumped and ended down. there was a loss last year and the lender had to write down bad by commodity prices in the first annual loss since 1989. bhp has reported net losses of $5.5 billion, compared to a profit of just $5 billion for the year earlier. they are struggling with a slump in the price of raw materials, like iron or and copper. now, chinese tourists have made a name for themselves as take spenders and have increased travel in the middle class, providing for a number of countries, including japan. the chinese worst boom may be coming off. slow down is putting pressure on spending. >> a trend that may be slipping. it was a buzz word last year in japan, explosive buying. responds to the chinese tourists who shop until they drop. retailers say the amount of money they spent fell over the lunar new year and shops ar

john: frankfurt and zurich were experiments that failed.are not going to challenge london. london will remain the financial center of europe. leave then cannot european union. it has to remain in the european union, because this large formidable trading bloc is important. all the reasons why right now some people are challenging it. the british economy is performing very well, and the government has done a good job with the economy. it is performing well. we do not want to share that performance with the rest of europe. but we can think back for five or six years when the british economy was not doing as well as the german economy. there were british press force going and working in germany. the fluidity of that labor market and that talent, where technology is becoming important, is a big, big criteria. it is something we have to cherish and preserve. francine: do you feel uneasy? we may be five months away. we do not have a date for the referendum. because a football games, it could happen on june 23. what we put on the calendar. john: it

mohammed: japan and frankfurt.y are struggling to maintain economic growth in the context of some significant structural headwinds. in japan, you have had two decades of no growth area in europe, you are dealing with still pockets of excessive indebtedness plus you have to -- you have the refugee issue. the ones i have the most sympathy with that are having an enormous burden that they are carrying are in tokyo and frankfurt. i think those are the ones that are doing -- are expected to do with you much with tools of that are ill-equipped for the challenges. >> this comes back to a bigger point. i know you have been talking about lately. nowentral banks, globally possess these tools which could unleash genuine earnings and genuine growth? seems they don't, which to be the answer, who possesses the tools and will they use them? mohammed: now, we should be pretty sure they don't have it. we have the analytics, we have the demonstration, they have been doing remarkable things. yet, they are not getting the growth outco

the frankfurt dax is down 1%. goods are upxury half percent the session. this follows a strong quarter at gucci. they are half the group sales in the last quarter. they were up 4.8%. that is a turnaround. it's a testament to the brand is turning heads. thes take a look at some of other stories we are tracking. the penalties for false wagon could be set to rise. e-mails suggest the company executives were made aware of the presence of these devices in 2014. this was reviewed by the new york times. that theyadmitted placed the devices in 11 million vehicles after authorities accused the company of cheating. there's local competition and over to shed $1 billion year in losses. the company makes up the money by using profits from other countries. they will double the number of cities they operate in in china. competitor says its was unprofitable in every city. uber's comments were untrue. needsclusive distribution to be cleared by antitrust authorities. the parentnefit from company. 30% oflaunched a bit for the videogame a company so far. finally, props from t

. >>> and tonight, investigators want to know what sparked this fire at an auto body shop in frankfurt that sent three people to the hospital including a firefighter. nbc 10 there as dozens of firefighters spent several hours battling the flames with bitter temperatures. the fire started at 10:00 at joe's auto body and transmission. no word yet on the conditions of the firefighter and two others taken to the hospital. >>> up next on nbc 10 news at 11:00, a cruise ship that just survived winds of 120 miles an hour is going back out to sea tonight. >>> and the temperatures might be near zero but it's the perfect time for a swim. we'll head down the shore for this polar bear plunge. >>> the flyers lose a game and a defenseman. >>> and villanova against st. johns. highlights and reactions coming up in sports. ♪ i've been a turkey farmer my whole life... and i raise turkey for shady brook farms®. we don't use growth-promoting antibiotics, that's just the way things should be done. that's important to me. my name is glenn, and i'm an independent turkey farmer. (female announcer) shady brook

hans: this is your by real estate in frankfurt pitch? this is your play?ded.the euros london, most of the financial market products are based in london. they hope the continent might profit. hans: when you look at these , your written about the banks, there is also macro uncertainty. what is the biggest threat to the european economy? we have major problems in the banks. ahead of the major consolidation in the banking sector in the euro area. not just in italy where we have a lot of banks, but also germany where the is huge difficulty because of interest rates. the macro economy, we see the global demand for exports slowing down. confidence consumer and company confidence is falling. that is weighing on growth. we expect the projections for this year in terms of growth to be revised down quite significantly. on: marcel, that's hans: marcel comment i've question about london. are you worried about deutsche bank's business model? marcel: the feeling here in germany is deutsche bank has quite a strong position. an issue of liquidity and not really of solvency

in's speak to jeff frankfurt.ists thought negative rates were better for some central banks than others. explain why it worked for some and not for the bigger ones. surveyoutcome of our was, if you are a small central-bank managing a small currency, negative rates can be a good tool for you. for example, for denmark and for switzerland, the survey gave the danish central bank a 90% approval rating for their negative rate policy. if you are a big central-bank trying to manage reserve currency, you may end up just starting a currency war with your trading partners. guy: what does this mean? if we extend this, can we extrapolate this into a settlement of which central banks are going to go further than others? the outcome of the survey was that the economists assumed that the bank of japan cb are going to have to pursue negative rate policies well into 2018. ont has a knock on effect smaller central banks that surround them. there could be a good bit of skepticism right now as to whether or not these policies do what

mario draghi has been speaking at the german central bank in frankfurt. among the headlines here, draghi say, quote, there's no reason for central banks to resign their mandates simply because everyone is being affected by global inflation. central bank speak for the risk of acting too late on ultra low inflation is greater than that of acting too early. draghi suggesting a wait-and-see stance could lead to a lasting loss of confidence. seems like he's making a political argument here for moving further, something he's already hinted at doing in the march meeting in terms of easing to fight slow or no inflation. >> he's mr. whatever it takes. this guy will say whatever he needs to. he's a big talker for sure. staying on the europe theme, check out shares of credit suisse. the stock is dropping to a more than two-decade low. they're down 13%. the swiss banking giant posting a massive fourth quarter loss. also announced 4,000 job cuts. we're going to hear from the bank's ceo in about 15 minutes' time. >> boy, have european banks been at the center of this g

se investiga un robo, a las dos de la tarde, en el Área de frankfurt, segÚn las autoridades, un empleadoÓ el iphone y la mÁquina con el dinero existente. la policÍa pide que cualquier persona que tenga informaciÓn llame las autoridades. en el norte de filadelfia, las autoridades llegaron a una vivienda, ingresaron por una de las ventanas del segundo piso, luego de que los vecinos llamaran preocupados por la persona que vivÍa en ella. la policÍa encontrÓ el cuerpo de la persona que vivÍa en la casa, sin vida. >> veo que toca la puerta de la casa de ella, preguntando por ella, hay un montÓn de cartas de el cartero tiradas en el piso. dije que tenÍamos que llamar a los guardias, llamamos a los guardias y vinieron. ahÍ, se treparon, se metieron adentro, cuando bajÓ las escaleras, encontrÓ a marisa tirada boca abajo. >> el consejo de la ciudad de campbell, cuenta con hispanos. >> novela, es la mano invisible, ella coge todo. >> el juego de la polÍtica la ciudad de campbell, se intensifica, uno de los cargos ha sido designado a Ángel fuentes, esa decisiÓn paralizada por la fifa personal de la

draghi is still talking at the moment in frankfurt.uro has moved positively on this, trading higher. draghi is quite dovish and i am curious to know what it is that is causing this. that may create different challenges than it does in other areas but those challenges can be mitigated by talking about the differences of opinion. that is a big move yesterday. jon: king dollar, bottom line. pmi with the slowest pace since 2014. the bank of japan governor -- when he looks at dollar yen erasing all the boj gains on friday? let's bring in caroline hyde. that move a stronger japanese yen despite the drive by the boj. caroline: you cannot fundamentally change your currency with monetary policy. medicine that draghi and corona uroda is having to swallow. how much did the yen move in response the negative interest rate? it moved a lot. it is weakening. now back up by 2.6% erasing all of those initial weaknesses. when we saw the intervention at the end of last week. the initial move could spec up to 2% but we are even stronger than prior to that

now on thens us phone from frankfurt, good morning.e through what the volatility has done to your business. good morning, i'm happy to be with you today. we have seen volatility that is a little more accentuated than normal because a number of events combining and coinciding. you have had a turn in u.s. interest rates and you have had china growth rebalancing. if commodity prices under pressure. it is quite a lot. volatility has helping us a bit here. guy: can you give us an idea of how much? in kind of meaningful terms how can you qualify it? en: in general, we're much happier if volatility is spread out over a longer. -- longer periods of time. it happening in a compressed time period is not ideal. you have some high-volume and futures of various products types. then there is a halt and activities trophy thereafter. people are trying to reorient. bitvents are a little dissipated, it is more helpful. i would not overestimate that volatility. you are a guy who knows how banks work. are you worried about the way banks are working right

the frankfurt dax and the london leading the way, not far behind at 1.2%. a lot of concern that we may be in a perfect storm and we may see a financial crisis like in 2008. a lot of attention in europe was paid to southern countries like greece and portugal. also concern in italy. its stakes have been weighed down by bad loans or nonperforming loans, but there is a sentiment that reason volatility has been caused by overcautious markets. our correspondent explains. >> things have gone from bad to worse this week for europe's beleaguered banks. in italy, investors are alarmed by the so-called bad loans in the banking sector. a term used when they could pay back the money they owed. the european economic powerhouse has not been spared either. deutsche bank reported a record loss last month, amid concerns it may not be up to pay back interest on its debt, debt is considering wind back to prove that it is financially stable. but those fears still have not gone away. the losses are unreasonable. in france, we know that the banking system is doing fairly well. it

we have london, paris, and frankfurt all around 1%. of course has undone all of its losses in the past week. undo all the losses that started the year to the month of february. the u.s. equity futures also indicate higher at the moment. are getting breaking numbers across, let's get to caroline hyde. how does it look? caroline: pre-released they had a profit warning now have the numbers in full for their full-year. we are seeing a seek to approval to pave 1.2 billion pound diffident access share. this is important, this has to do with turnaround after the bailout. they had a 45 billion pound payout and they're looking to start to return to normalization. they are saying it will seek approval to pay 1.2 billion pound dividend access share. we're seeing a full-year net .oss close to 2 billion pounds that is in line with expectations, even bigger losses of 3.5 billion pounds. some improvement so that the losses are reducing. they had to set aside significant money for u.s. litigation. as well as the pension they have to give more money in

michael burns used to live next door and said his old block in frankfurt is unrecognizable at 14 degrees i mean -- i've never seen anything like it. it's -- it's like a glacier. and just -- >> a winter wonderland. >> firefighters worried about a wall collapse as the thousands of gallons of water they threw at the six-alarm fire turned to stone within minutes. >> in camden county they worried about the cold and people like richard tomasello. >> i can pretty well handle it. but as you get old ter hurts a little more. >> he came to read and thaw out at the warming center. >> this is fantastic. i mean if you had to one of the only places could you go to get out of the cold. this would be the place. >> camden county freeholder carmen rodriguez said she pushed to improve the code blue response after bitter cold hit home. >> it is personal for me. i had a great uncle who passed away. he froze on a bench. nobody bothered to look for him. >> carmen rodriguez says that by checking on your elderly neighbor, that could spell the difference between life or death. live in camden county. >>> dozens of

keep them safe. lisa: in kentucky, and a-list actress was in frankfurt on tuesday talking about early childhood education. she spoke on the behalf of save the children. jennifer gardner talked with governor bevin and talked with legislative committees. she delivered books to low income families and recalled speaking to one mom who received help from save the children. >> the mother said, i didn' t know my son liked books until this woman brought them to our home. she read book after book after book because the child loved them so much. she told me over and over how the program changed the course of these kids' lives. lisa: a representative for governor bevin said his budget preserved funding for save the children, despite 9% cuts throughout the rest of the budget. performance gear to take outerwear to the next level. (has something for --oros apparel has something for everyone. the technology the is called aerogel and it is used in space s two degrees above absolute zero. the material will change the way you experience the outdoors. s space. we want to build a brand. that is what will

london, paris, and frankfurt all down by over 2%. paris nearly 4% down a short time ago. that is wiping out this recovery and really adding to the false we have seen since the start of the week. in theloff sparked beginning by comments in the federal reserve chair janet yellen. banks again are the main focus today. here inhe falls is paris. selloff across the european banking sector not being helped by an interest rate cut announced by sweden's central bank. why are the banks being hammered again today? thingshows how fragile are around the banks right now. squeezing profit -- profit margins. means for the nonperforming lows which has been an issue for the last five years. furtherst resorts consent that they warned on the profitability issues going forward. it is just another reason to sell looking at the markets. -- spiral willre take something significant to get them out of it. people are looking at the central banks to say this is how investors are reacting, what is your move? >> mario draghi has said he is not responsible for banks being profitable. what could drag th

i'm a frankfurter. [ laughter ] >> here is some news that may not surprise you. it was in the paper today they made a study of living conditions in 170 nations throughout the world and what as having the worst conditions in the world? >> l.a. >> no. [ laughter ] >> iran. iran, iran came out on the -- yeah, the low part of the scale. i understand it so bad when the iranians want to cheer up they take a princess cruise on the love canal. [ laughter ] >> you think our economy is bad in this country? over there in their mouse traps they put iou's. [ laughter ] >> the iranian sanitation department suffered a major setback last month. their goat died. [ laughter ] [ applause ] >> three. [ laughter ] >> you know what country is in bad shape when the sewers have diving boards. [ laughter ] >> anyway. [ laughter ] >> any young one lives. [ laughter ] >> um -- [ laughter ] did you see his speech? they told the national press club that he will not be a candidate for president. he dropped out of the race before he even announced he was running. why can't a smart like that ru

not really feeling a bounce in the oil prices with the rise of the price of oil, but london and frankfurt are trading down today. shares are up over 6% after their most recent result, a 12% jump in revenue toward the end of last year. they also said trade in france is almost back to normal after the terrorist attacks in november. one other big story moving the markets today has to do with the chinese chemical company can china. they have offered to pay 40 billion euros for the swiss sin gentle., it will be the biggest takeover of a chinese company abroad. it needs to be approved first by e.u. and u.s. regulators. amazon could be making a truly big move into traditional bookselling. stephen carroll the online reseller could be opening up four more physical bookshops in the united states. the comments were made in a call with investors. it has yet to comment on any expansion plans, but it is moving from online to off-line. genie: i think people like browsing in bookstores. molly: i still -- stephen carroll i still love it. genie: i still love it, too. stephen carroll, thank you. is here wit

green across the board, gains of 3% on the frankfurt dax and 3.5% in paris. shares in french telecom companies are soaring. the report in a french paper said a deal for one of them to take over arrival is imminent .nd could happen on tuesday discussions are still ongoing and no decisions have yet been made. will obviously be following that very closely for you. in europe, ikea has become the latest multinational to come under tax evasion. a report in the european parliament accuses the swedish furniture giant of dodging one billion euros in taxes over the last six years. to do this, the report claims the firm used to complex number of familiar system of profit sharing and sweetheart deals with lower tax countries. it is easy to assemble if you know the right tricks. in this video, the greens and the european parliament give a ikea's taxp guide to avoidance scheme. in the report, the group says the swedish governor somebody just the sweetest furnisher company has been dodging taxes over the last six years. familiaran all too method of profit shifting. it tax c

. >>> want to go to breaking news in philadelphia's frankfurt neighborhood right now. fillmore street, a man died after someone shot him. the victim ran inside the restaurant after the shooting and then collapsed. no word yet on any arrests here but we'll stay on top of this story and bring you updates as we get them. >>> this just in from allentown. a plane's tires deflated after it landed at lehigh valley international airport. alley janet flight from orlando. they say two of the plane's tired deflated and passengers were bumped to the runway. mechanics are examining the plane. >>> new at 11:00, the parents of pace say they know who killed and kidnapped their son and want a prior judgment thrown out. 6-year-old etan disappeared in 1979 on the way to school in new york city. he was later declared dead. in a 2004 civil case, a judge ruled jose ramos responsible for the death. now the boy's parents say they're convinced a more recent suspect pedro hernandez killed their son. hernandez who lived in new jersey was tried last year but jurors deadlocked. his retrial is set

i want to take you from frankfurt to london and get your comments on brexit. have an effect on britain's a sovereign rating? >> it certainly could. eu, thein leaves the sovereign rating would go down stillleast -- we would rate the u.k. at aaa with a negative outlook. britain has been one of the magnets for inbound investment not only from the rest of the eu budget globally. i believe a big part of this attraction to britain is that it is a member of the eu. it is therefore an integral part of the largest trading area in the world. ans: that is just a single rating downgraded talking about. both -- will look at it in terms of polling? it looks like you might have a vote for the brexit. will that influential rating? moritz: i don't think so. we have had some experience in recent years with poles and the reliability of them. i think we want to see the results. even some information and the fact that we do have this referendum and we did have last year a referendum for the independence of scotland. that seems to suggest some of the stability in the institutions w

london, paris, and frankfurt seeing significant falls. harrison frank for down 2%.tors worried about oil prices after prices tumbling again after comments from saudi's oil minister yesterday and worried about airbus shares, down over 2.5% in paris today. there: here in france, government is trying to crack down on fraud in the labor market. >> these are posted workers. they are hired in one eu country to work in another. stephen: it allows companies to pay social concerns for that worker and their home country, which means big savings compared to the rates applicable in france. there are strict conditions attached in the french government believes many companies are breaking the rules in order to pay less. they are steps to crack down on this as catherine explained. is ae latest fight mandatory employee id card. it includes the names and that of their employers, subject to strict checks. what is at stake is the conditions of posted workers. to prevent abuses, for example, the issue of housing and unfair competition, a posted worker is hired in one eu country to work

traders in the frankfurt stock exchange additionally where this at the time of year, but the recent stocks getting more and more gruesome. financial services stocks in particular are getting hammered. deutsche bank slid 4% along with another back. the banking crisis is back. actually, it never left the banks are continuing to suffer big declines. the low risk business just is not there like it was a number of years ago, and on top of that, they have to set aside large amounts of fort litigation. banks fear they have to raise more capital. in paris, also awash in red ink. banks stocks were not the only decliners. investors are losing confidence, and there is no white night -- knight in sight. >> the only way of being optimistic is because the fed and cb were there to help the market, but we are not so sure that this will be really helpful for the economy. reporter: it is no wonder that stock traders are becoming traumatized. the zombie apocalypse has little to do with it. helena: now, it was a ruling that caused quite a stir a year ago, ordering russia to pay to compensate for shareholders

in the middle ages, when frankfurt and munich were just wide spots on the road, rothenburg was one of's largest cities, with a whopping population of 6,000. today, even with its crowds and overpriced souvenirs, i love this place. during rothenburg's heyday -- that was about 1200 to 1400 -- it was the intersection of two great trading routes -- prague to paris and hamburg to venice. but today, the great trade is tourism. rothenburg is a huge hit with shoppers. true, this is a great place to buy cuckoo clocks, steins, and dirndls, but see the town first. most of the buildings were built by 1400. like many medieval towns, the finest and biggest houses were built along herrengasse, named for the herren, or the wealthy class. the commoners built higgledy-piggledy farther from the center, near the walls. hanging shop signs advertise what they sold -- knives, armor, bread, whatever. rothenburg's wall, with its beefy fortifications and intimidating gates, is about a mile around and provides great views and a good orientation. rodertor is the only tower you can actually climb. it's worth the h

reporter: we have asked our financial correspondent in frankfurt earlier on the shortfall for the poundthe question is, is the london mayor to blame? reporter: that's how it's been read, those are the comments you hear from the forex traders. it's not a great shock to the equities market at the moment but of course one other thing should be considered. the markets could only react today to the events of the weekend, to concessions being made to the brits but concessions that many people here also see as being not really all that great, not playing that major a role in the decision in the end. so the falling pawned could -- pound could be a reaction to the fact that there will be a referendum on an exit. boris johnson an intriguing figure here. i just read an article that he wants to be on the winning side and wants to find out first before deciding which side he wants to be on, which side will win. so a bit of a surprise, this quick decision. but people here, of course, now seeing a brexit just a little bit more likely because he is so popular in britain. reporter: with thetrary attack

this morning targeting distracted passengers, septa safety officers and transit police were at the frankfurt transportation system. telling passengers that texting and answering emails and listening to music near the tracks could be dangerous and more and more people are ignoring train crossing gates. >>> tonight the wildcats come to the home of the owls for a big game. nova remains the number one team in the country for the second straight week and the wildcats are 22-3 and temple lost the last meeting with nova by 23 points and they are looking for a little revenge. tip-off is tonight in north philadelphia. >>> well, can you feel it, baseball fever is here, phillies pitchers and catchers report for spring training in clearwater, florida, where it's about 69 degrees, the same day single day tickets go on sale for the phils and the first home game is scheduled for april 11th. >> spring is coming. >>> coming up a viral video shows the dangers of skiing, hear from a man that saved his son after being buried in several feet of snow. >>> how the gold oscar statues are being changed for the first

skyforce 10 was over the scene on frankfurt avenue. we spoke to another woman who saw what happened. >> she just jumped. the steps broke and she couldn't get down them so she jumped. >> the second woman suffered smoke inhalation. >>> police are looking for a second driver, ryan farrell. police say he's on the run, nbc 10 was in north philadelphia in the neighborhood trying to track him down through his family. >> [ bleep ] now and you [ bleep ] get out of here! >> families of the victims say enough is enough, he needs to face what he's done. the driver of this crumpled acura chris bloomfield is behind bars seven months after police say he crashed his car while drag racing drunk. three of his friends died. all along, families of the young victims knew there was another car racing which didn't crash. police said it was caught on surveillance video fleeing the scene. >> this thing we've been through enough, it's been hard enough on us. he doesn't need to make things any harder. he should do the right thing and come forward. >> anyone with

having said this, i think the important thing -- and i said this recently in frankfurt at the meetingd a fair play market for all. and so the rules have to be the same for banks and new entrants. i think this is incredibly important. so sharing information -- if i share my customer information, new entrants share customer information, because otherwise it is very difficult to run a business. so i think that is a key thing. francine: do you think they will? do you think the regulators are looking at this and understanding? because the problem with disrupters is they move so fast. regulators need to understand that market. ana: i think they are, and i think one of the things we are doing also, and i think there is many of these new companies with which we are collaborating. we are working with apple for apple pay. funding circle, we are the first bank to team up with them. when i say no to a customer because their lending criteria does not accept his or her credit rating, we send them to funding circle. so i believe in collaboration with the new entrants, but not with all of them, becau

just as frankfurter admonished it, it is sthot the business of this court to pronounce policy. it must observe a fastidious regard for limitations on its own power and this preuseds the court giving -- precludes the court giving effect to its own notions of what is wise or politic. well, that was then. the five-judge block on the roberts court of which justice scalia was an essential part systematically and predict bring pronounced policy in favor of three things. one, conservative ideology, two, the welfare of big corporations, and three, the electoral well-being of the republican party. and people noticed. linda greenhouse wrote that it -- and i'll quote her -- "impossible to avoid the conclusion that the republican appointed majority is committed to harnessing the supreme court to and ideological agenda." other noted court watchers like norm warren seen and jeffrey tuben agree. the pattern of decisions and i'll quote him here -- "have served the interests and reflected the values of the contemporary republican party." columnist dana millbank observed other a recent decision

jeff, thank you very much in frankfurt.go to saker from her mes. 63 economist miami, they are slamming this view. we will get to 2% inflation. ker: a just tells you that the central banks have reached the end of what they can do. and you can bring in interest rates to zero, but it is questionably by some economists, whether the interest rates follow orlene economy. let us assume they lead the economy. but you come to zero, what do you do? it is clearly not working. and it shows come to my mind, desperation in action. manus: desperation and instruction are they weapons? saker: not yet. what they're trying to do is convince people to spend the economy in the bank, that is the whole point. happy percent is not enough. if they really, really want to spend money, which is what they are trying to do to get inflation back up again, have to do it much bigger negative rates. which is an experiment that is still done -- never done. manus: you see, i actually fundamentally disagree with you. i think society is so scarred from 2007-200

are you indirectly with a currency war with frankfurt, germany?happy about depreciation of the currency because it creates stimulus for the exports. we have been doing quite well on this side. anothery, there is negative aspect of the currency fluctuations. the position of the swiss franc, nominated mortgages. a substantial part of the population has said that these credits on private balance sheets -- they have to serve the debt. so there is a problem both political and economical. we know very much about what is going on on the euro there. tom: you studied at the kennedy school at harvard. let's go back to the classic power in interdependence. has the power.y give us the state of interdependence within your europe and particularly with the eastern european union versus the rest of developed europe. pawel: it is true that we have very strong economic links with germany. the most vibrant location of direct investments within manufacturing firms, so it is a positive side. stimulatech want to our own domestic resources, and we believe that it is har

a 6-alarm fire in the frankfurt section of philadelphia which happened on saturday. firefighters are still on scene. dousing the property with water. why? because there are still hot spots two days later. there was a collapse result of the fire. and heat got pushed underneath the property. with the frigid cold temperatures, single digits and temperatures in the teens, it's been so cold. all of the water is clearly icing over. and icicles hanging down. and we are left with a ton of ice on the street. several blocks here are closed off to vehicular traffic as the situation conditions. hopefully fire investigators will be able to get in here with heavy machinery and make their way through and begin their fire investigation. >> amy: it's hard to imagine smoldering in the weather up there. interesting. jenny, thanks. try to stay warm. they're just freezing up there. >> jayme: for 5 minutes and then i am wack to reality -- back to reality. northern and southern end of the county featuring mid-to-upper 60s. 40s over north central florida. south of that point, primarily 50s.