cnbc's nancy hulgrave joins us live from london.t does this mean for consumers and the company going forward? >> well, alex, it is good news for the company as far as investors are concerned. we have seen the stock rally for a second straight day on this news. however, we don't yet have confirmation of volkswagen of what in deal looks like. when we talk about what it means for the consumers, as you touched on there there are reports that volkswagen could be ready to buy back around 500,000 cars. now, these are the cars that have the diesel engines fitted with the so-called defeat device that the company has admitted cheat on admission test standards. what this means when we talk about the buy back, it will be at current values for the vehicles. one analyst tells me that's around $15,000. so some customers may choose to keep their car if they don't have the cash to then go out and buy a new vehicle. in that case they could be eligible for $5,000 in compensation. remember, they got already $1,000. so if you're happy to continue drivin

nancy hulgrave has more. what's behind that surge?> well, a lot of focus is now turning to the earnings picture. we have not just talking about results for the current quarter. investors have been honing in on guidance expectations for what the big companies expect in the quarter and the year ahead. so some positive earnings news lifting investor sentiment, as the dow gets above 8,000. all three performed well, including hitting the highest close of the year. when we look overall for the year, they're within 2% of the all time high ever. this is good news, but still some individual corporate stories. one of them being goldman sachs which will report earnings later. but we're getting some news that goldman sachs has turned into the retail bank. prior to this you may think of goldman just for the super rich, perhaps private wealth clients with deposits around $10 million or so, but now they're taking online deposits starting from $1. this is as a result of ge capital online. they were to give 1.05% annual yield on new deposits and 2% on

cnbc's nancy hulgrave is joining us live from london.t does this mean for the future of comcast? >> it's a near $4 billion price tag there and comcast, the parent company of msnbc, they're buying dreamworks and it's intended to boost the family friendly offerings because nbcuniversal films has had success when you look at despicable me and minions. this translates to success for theme parks. they want to incorporate them into the theme park business. they hold rights to shrek, kung fu panda. films that viewers have seen many times over. so that is seen as good for the brand when overall expanding the family friendly offerings as well. the overall deal was representing a 27% premium to the share price before it was announced so no surprise there. we saw a significant stock in that neighborhood for dreamworks stock yesterday. but it wasn't all good news for u.s. stocks. it was a down day across the board. particularly for the dow jones industrial average having its worst performance since the middle of february. dropping some 200 points. t

. >> and i'm nancy hulgrave. these are your headlines. >> reporter: exec board member tells me that the euro is the one adverse effect at present that could prompt the ecb to take rates lower but cautions against a currency war. >> there should not be, i would say, competitive devaluations. >>> italian banks lead gains in europe this morning, shrugging off an ugly session stateside, which saw the s&p sink into negative territory for the year. this after comments from fed chairs past and present. >>> damage control. the japanese finance minister saying that he is ready to intervene in the fx market in a bid to curve the rapid rise seen in the yen. >>> david cameron comes clean on tax. the u.k. prime minister admits profiting from an offshore fund set up by his father, which was revealed in the panama papers. >> samantha and i had a joint account. we owned 5,000 units, which we sold in january 2010. >>> good morning and welcome to "street signs." happy friday, everyone. >> happy friday. >> a very happy friday. fina

i'm nancy hulgrave, and these are your headlines. data dull drums? well, the nikkei sees heavy losses, triggering a selloff here in europe. >>> and britain's laws. just days after announcing plans to exit the u.k. >>> china's anbang backs out of the bidding war over the bidding war for starwood. >> even the base model 3 will do 0 to 60 miles an hour or 0 to 100 kilometers an hour in less than six seconds. at tesla, we don't make slow cars. >> elon musk finally unveils tesla's highly anticipated model 3. at $35,000 a pop with orders now surpassing 137,000. >>> good morning and welcome to "street signs." we are just an hour into trade here in europe, and sentiment has turned sour on this first day of april. as you can see, the stoxx europe 600 is off just about 1.5%. this will be its second straight day of losses despite some improvement towards the end of the quarter. overall, the stoxx europe 600 did end in negative territory. quite a different story from what we saw on wall street with that dramatic comeback. we'll talk about that m

i'm nancy hulgrave, and these are your headlines. driving home the message. ecb vice president says the central bank will do whatever is needed to ensure price stability ahead of the minutes due later today. >>> in the u.s., fed officials seem to be backing away from an april rate hike, pushing the dollar to a 17-month low against the yen. >>> and, well, it could have been worse. marks & spencers trade higher after clothing sales fall less than expected, but the new ceo says performance is still unsatisfactory. >>> and samsung eyes a 10% jump in first quarter profits on stronger smartphone sales. >>> good morning and welcome back to "street signs." well, it was another fed-fueled rally overnight on wall street with all of the three major indices ending sharply higher. let's take a look at how we're set to open. just off slightly. relatively flat when you look at the implied open here. but remember, the nasdaq did close with its highest level of the year. so a lot of renewed optimism when we heard the fed is not even really considering an april rate hike and p

i'm nancy hulgrave. and these are your headlines. stocks in banks leading european markets higher this morning, shrugging off lower crude prices. this as saudi arabia dashes hopes of an output cut at the producer meeting. >>> overindebted down under. peabody falls victim to the commodity slump as it files for chapter 11 in the u.s. >>> and a loss of appetite sending shares in premier foods lower after mccormick drops its bid. >>> and police raid the offices of mossack fonseca, the firm at the heart of the panama papers,ing to search for illegal activities. >>> good morning and welcome to "street signs." we are an hour into trade here, and this rally across europe is holding on to its steam here. the overall stoxx europe 600 up about 1.6%. this the third straight day of gains here for the week. no surprise we're seeing basic resources lead the way higher. this as a bit of a commodities ov upturn overnight. also the positive china data really lifting optimism for those companies exposed to the china market. let's get a view on how this

nancy hu nancy hulgrave what did we learn?in april, a rate hike is not on the table, the fed is still concerned about growth. particularly when it comes to the global growth picture. well, that view released in the minutes sent stocks sharply higher in trade yesterday. we did see the dow climb more than a hundred points and the nasdaq hitting the highest level of the year. however, it's not all good news for tech companies today. one tech company being in the focus is yahoo!. there's a report from the tech magazine saying they have obtained access to the sales paper, sales books that bankers use to show acquirers of the core business. according to the documents the financial picture at yahoo! is only set to get worse and they highlight forecasts for the 2016 financial year predicting that revenue could decline by 15% and earnings by 20%. so that does not come as good news for yahoo! as it is looking at potential acquirers. they're facing april 11th deadline for potential parties to submit their interests in takeover bid. >> yi

. >> well, nancy hulgrave is joining us from london. he did admit to profiting from this, but can you explain how this is going over in england? >> sure, alex. well, it continues to attract attention and a lot and david cameron clarified how he benefited from his father's offshore account here as you said. revelations within the panama papers. he is saying he did have ownership, he and his wife samantha owning around 30,000 pounds worth of shares but that he sold that stake before he became prime minister in 2010 for a profit of around 19,000 pounds or near 30,000 dollars. but the key to stress here, he said that the fund was not set up to avoid taxes and was properly audited. meanwhile, once he sold the shares he paid all applicable u.k. taxes. not a question of legality here, but still a lot of resentment building and from some voters when it comes to elitiselitism. >>> we got some news on the fbi/apple debate yesterday with the fix that they had the for the san bernardino iphone is limited and that it certainly will not work to unloc

i'm nancy hulgrave. >> i'm louiza --.our headlines this morning. >> europe is still on track to close the month higher. >> carl icahn sending market into a tail spin stateside after telling cnbc he's cautious on u.s. stocks and no longer holding a position in apple. >> owner of british air waits warns on demand. >> and amazon delivers. >> good morning. and welcome back to "street signs". jeff cutmore is there in the room at credit swiss. walk us through what you expect. >> the chairman of the board has starts talking here and making the general introductions right now. and of course one of those people on the stage is the ceo of this business. but the honeymoon is over. he's been here some ten months and during his tenure the share price has underperformed ubs and it's underperformed the kwurpurn markets as a whole. so the shareholders hear want to hear about performance and what to do to get the price moving again and also what he has to say about the pay and compensation agreements for 2015 and the pay for the outgoing