infosys did not give specifics onjobs, agencies to review.ics on jobs, but it did say it would seek experienced candidates from colleges. we will know soon. vienna is the home state of mike pence, and analysts say that more hirings would push up costs for indian it firms. politicians, lawmakers and officials from the donald trump administration have also said they may not make dramatic changes to these these rules. —— these visa rules. france goes to the polls on sunday in a tightly contested presidential election. in these final days of campaigning immigration policy has increasingly ominated the airwaves, but as theo leggett reports, immigration is integral to many parts of french society. this town is a melting pot of different races and cultures, the results of more than a century of continuous immigration. this building tells a story about how the effects of immigration are woven into the fabric of this town. immigrants built it in the 1930s and it housed the families of other immigrants who came here, attracted by industry and the need

for infosys hiring 10,000 americans, american jobs for american people.sident trump. it appears his policy of saying, i don't want them to be offshore, they are coming back. well, let's look at this little. i work for a technology firm and we look at the global market. people — there is a trend towards working onshore within geographical boundaries delivering services in that boundary when it comes to cyber security, ai, and companies are keen to develop local talent. and that means investing in local people. it seems to map with corporate strategy. it is working for president trump and infosys's corporate strategy as well. talking technology, this story in the times on people seeking likes to boost self—esteem. and i am not surprised to hear that. sally and chris, feeling down? you haven't been on facebook in a while. i would like a boost, if anyone would like to like my tweets, please do. we all like some love, it gives you a boost. i wouldn't take it seriously. i think the challenge is not to get totally immersed in social media. it plays a part, but c

infosys plans to open four new facilities, tech hubs in the u.s.the first to open in indiana sometime this summer. i'll speak with the indiana governor and the infosys ceo today at 8:00 a.m. eastern on a cnbc exclusive. >>> some stocks to watch today. shares of ocado are a big mover on reports that the company is considering teaming up with marks & spencer. shares up 7% in the uk. >>> shares of angie's list skyrocketing in the premarket on deal news. iac buying the company for $8.50 a share. 44% premium to the closing price yesterd yesterday. iac plans cobin ambine angie's with its company. china's ten cent holdings announcing it will open an ai research facility in seattle to be led by yu dong. the market cap $300 billion. up 2% today. >>> bp topping estimate base penny as higher oil prices boost the company's bottom line. they had revenues of 55$55.8 billion. shares are higher by 1.5% now. >>> checking in on oil this morning. crude moving higher in early trade following back-to-back losses. wti below the $50 a barrel mark. it's at $49 this mornin

what is going on with infosys? cory: politics. this is about politics.is an attempt for emphasis, one of the largest consumers of h-1b visas, to get themselves on the right side of the story. it has been going on for quite some time. as one of the reasons president trump was able to become president, capturing this notion of something gone awry with the american workforce. .he media calling out infosys people in the far right media are calling them out as a company stealing american jobs. it is no accident with 10,000 , people being hired in hubs, especially in indiana, that is a place where president trump won and vice president pence hails from. they want to make a mark for that reason. emily: i know you are looking at the numbers at other companies affected by the h-1b visa policy changes. cory: outsourcing firms are big consumers of h-1b visas. there are bigger known companies like intel and apple. we look at the numbers the , biggest consumers are outsourcing firms. we have a graphic that demonstrates how these firms are among the biggest consumers

infosys is a principal offender.e in the far right media are calling them out as a company stealing american jobs it's no accident. . with 10,000 people being hired in hubs, especially in indiana, that is a place where president trump won and vice president pence health from. they want to make -- hails from. they want to make a mark for that reason. emily: i know you are looking at the numbers at other companies affected by the policy changes. cory: outsourcing firms are big consumers of h-1b visas. there are bigger known companies like intel and apple. the biggest consumers are outsourcing firms. we have a graph to demonstrate how these firms are among the biggest consumers of the h-1b visas. emily: what jobs are they doing? cory: all caps of jobs. but there's a concern that jobs are replaceable. there's concerned that they are not unique jobs. when you have companies you can thatrom tata, infosys, these are the kinds of jobs, like tech support jobs, they are not inventing the next driverless car or optical semicond

. >>> infosys making a big bet on america. the company announcing it will create 10,000 jobs here in the united states of the next two years. those jobs will focus on the cloud, artificial intelligence and big data. they plan on opening four new facilities in the u.s. with the next one by summer, august of 2017. >>> higher oil prices helped boost bp's earnings. they reported earnings of 7 cents a share on revenues of $55 billion. >>> let's tell you what's on the agenda. another beg round of names reporting resultses before the bell. conoco phillips, mastercard, merck and pfizer. after the bell closes today, we have apple. we'll talk to an analyst about what to expect from apple. the fed kicking off a two-day policy meeting. the central bank expected to hold rates steady, but investors looking to find out when and if they will hike next. the fed statement will be out at about 2:00 p.m. tomorrow. >>> in washington, house panel will be holding a hearing today to examine consumer airline issues. in co this comes in the wake of a v

. >>> infosys is pledging to create more jobs in the u.s. the india-based technology company says it will bring on 10,000 american employees over the next two years with plans to begin the hiring in indiana. infosys also said it will build four technology hubs across the country. shares down fractionally at $14.52. >>> meantime shares of advanced micro devices were crushed today following the company's disappointing profit outlook that came out after the bell yesterday. the computer processor developer swung to a loss in the latest quarter and reported revenue in line with estimates. shares down more than 24%, a bad day there. $10.32 the close. >>> as we've reported, president trump yesterday said he was looking into breaking up the large banks by reviving an old law that prohibits commercial banks from engaging in investment banking. last month the president's top economic adviser, gary cohn, reportedly said something similar. some democrats including bernie sanders have supported the idea. while the concept is not new, the drumbeat is gett

indian it firm infosys will hire 10,000 workers and open four technology centres in the united statese next two years. it comes amid criticism that firms are using lower—paid foreign workers on temporary visas. many of them rely on the hi—b visa. that's the visa president trump has told federal agencies to review. more information on the bbc business live page. the ftse opened down this morning. we will look at the markets and look at the impact of sterling on all of that as well. we have seen that rise this morning. full details, of course, on the website, the bbc business live page and dominated as you can see this morning by a dominated as you can see this morning bya uk dominated as you can see this morning by a uk story, sainsbury‘s one of the biggest retailers here in the uk. it's sales are down and profits have fallen. deutsche bank is germany's biggest lender and one of the most important pillars of the international banking system. it's got a new top shareholder. china's hna group has increased its stake to nearly 10%. john sudworth is in beijing. john, talk us through the si

check out shares of infosys big bet on the u.s. plans to hire 10,000 u.s.ers over the next two years, its biggest expansion in the west in an effort to ease concerns out of washington that in infosys and others are bussing the visa program. infosys is decreasing reliance, shares down 4% since the election and as weigh wait apple in their earnings, check out advanced microdevices, supplier to apple, earnings meeting estimates but profit margin forecasts fell short of conis entus. shares down nearly 19% and on to apple, shares trading at yet another all-time high, three things to focus on, growth in china, any talk of a new iphone and how it plans to use its cash balance, which is set to top $250 billion, so remember 90% of that stashed overseas. any comments from tim cook on that potential tax poll dicoming up will likely be notable. lastly, we have a lot of companies, mondelez, gilead, american express earnings on tap this afternoon. >> sima thank you very much. let's get to the bond pits in chicago. rick santelli in the cme group. good morning, rick. >> go

yvonne: breaking news out of ,mphasis cap -- out of infosys the indian id company, and nothing they are. workers over the next two years. this is part of this plan from the company to open four new tech and innovation hubs in the u.s.. we can you see more news of investment heading into the u.s. , but this one is coming from infosys hiring 10,000 u.s. workers in the next two years. betty. betty: certainly the company has been having a hard time dealing with some of the policy changes here in the u.s. particularly on the work visas. that has affected the company. also, rising wage costs locally have also get their margin. this looks to be sort of an olive branch here to the u.s. yvonne: no change is expected from the reserve bank of australia when it says the cash rate later this morning with all economists. we expect policymakers to sit tight on 1.5%. over to paul allen with more. betty: a couple encouraging developments since the last cash rate meeting, right? reporter: that's right. we had the inflation rate with crept back into the rba target band between 2% and 3% inflation in austr

its peers include infosys. it has a market cap of about $5.8 billion.al part of the entire story is what is happening in terms of donald trump's america first ideology. he wants to curb immigration from around the world. when we are talking about india to the united states, it has to be with the h-1b visa program. the white house, donald trump has said it neighbors foreign workers over american workers and he says that does need to stop. in april, the white house did start to roll out some policy changes that were more restrictive. customs and immigration said they wanted to fight fraud and abuse. we are seeing some kickback from overseas. chair came out with some words saying this shift in policies, he calls it a radical shift in policies, is going to lead to a tougher application procedure and higher cost for indian i.t. companies that want to bring talent to the united states. some of this includes tougher procedures to get them through the system. it is like water trying to find a way someplace else. like if it is not going to the u.s., in my go to

the trump admission asian has argued infosys -- the trump administration argued infosys and other companiesy taking jobs from american workers. bernstein -- alliancebernstein fired nine board directors. that is your bloomberg business flash. francine: thank you. highs -- hason create a pen's plan to french currency, calling it monopoly money. joined by antonio barroso, teneo intelligence's senior vice president. would a sense of what need to happen sunday for marine le pen to win. it a lot of people say it is almost impossible because emmanuel macron has 60% polling. antonio: it is complicated for her to win. it will have to be a massive abstention of left wing voters. i think it is unlikely. when you look at the polls -- a 30%, butem are at 40%, half will vote for macron because they are scared of le pen. she is to clinically toxic for moderates. francine: how crucial is the debate wednesday night, which is really the only face-off we see marine le pen versus emmanuel macron. people excited, or do people know who they want to vote for, they just need to vote? geoffrey: it will be very impo

because what these companies like infosys do are flood the h-1b vis a vis program with applications.heir workers here in the u.s. and crowd out other very skilled workers for facebook, google, apple who want to pay people with very rare skills, and they can't get them in here. charles: right. >> so them coming to the u.s. is kind of a win/win for everybody really. charles: john, i know some republicans introduced a bill that 300,000 would be the minimum paid for h-1b workers. overall though, anthony pratt was saying they doubled their commitment to this country for one reason only, and that's donald trump. >> well, yeah. it's great when investment comes here for the right reasons, hopefully this renewed interest in the united states is based on good economic policies. i would just point out that if president obama had job-owned a foreign -- jawboned a foreign company and said we'll only give you h-1b visas if you bring jobs here, i think republicans would have properly made noise about it. charles: you think it's unsavory of the president of the united states to use strong-arm tactic

infosys to hire 10,000 american workers.s falling in extended trade after iphone sales and forecast came in below estimates. the company sold 50.8 million phones against forecast of 51.4 million. 43 pointevenue between $5 billion and $45.5 billion, again below analyst estimates. investors are expecting a major up phone -- iphone upgrade later this year. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. with a number of apple suppliers located in asia, where he may see knock on effects when trading resumes. our focus will turn elsewhere, especially in taiwan. with this dip in apple shares, will that way on equities today? it has largely been a positive earnings season so far. >> it has a strong earnings have been one of the dig things propping up stock prices in the first quarter of this year along with sentiment around the aonomy, so this gives us dampener on sentiment freely. as you say, a lot of markets in the region closed today, so not a huge amou

infosys andclude others. visa system to get their employees to go over to the u.s. from india. the now with these restrictions, that could be trickling down. the vice chair said this is actually a radical shift in policies here. he said it will be a tougher application procedure and higher costs on indian i.t. companies looking to bring talent to the united states. in terms of not going to the united states, they might see a boom in india or potentially europe. bloomberg intelligence data analysis in terms of where the flow might be going if they cannot head to the u.s., they could very well go elsewhere. yvonne: it was a pretty brutal day for the stock yesterday, down close to 12%. a lot of analysts rushing to slash their forecast for the stock. since octoberst 2013. happened to the bloomberg terminal. amr isto show you this, a function. buys.eens are the s, really the sell jumped. they have not been this high since early 2015, about two years ago. in the meantime, the greens fell since their lowest since oc

we are going to outsource it infrastructure and it development and we have chosen two companies, infosisat we are doing this is because global workers can adjust to change a lot faster than the american worker. charles: right. >> when you take a look at this, isn't the american worker also a global worker, don't we have some input into what we say or what gets said in regards to a global economy? after all we are a very large market. charles: two weeks i did a lot of research in this area. i took all of the indian companies that were in the top 20 and i took all of the american companies, the indian companies on average pay 80,000 or less and american companies pay 120,000. this to me seems like a bold-face abuse of a system to bring in low-cost workers and in your case forced you to actually train them, talk about adding insult to injury. >> yes, the company that i was working at that particular time northeast utility, when they brought in the foreign workers on the h1-b visas, we were told that we would have to train replacements. now, they basically didn't call training your replaceme