i think it's necessary for italy to do it. it's not just for italy. i think the convergence between southern europe and germany and france is only possible in such a direction, such a path. if not, it will be impossible. also, i think it's useful for germany. germany, too, needs to have a euro area working, effective without the crisis we had with greece or with other countries. so i think for italy, there's this big, big direction today to take the lead. as mario draghi said, we made to have euro area -- >> reporter: i'll ask you again. is prime minister renzi capable of doing that? >> he has to do it. >> reporter: no choice. >> italy has to do it. for italy, it's the only possibility to get recovery. if not, we will continue to be in this stagnant situation in which without a strong european recovery, for us it could be impossible. you know we have the best macroeconomic conditions. low oil prices, low interest rates. we have very, very good euro-dollar interest rates -- exchange rates. so we have all the positive conditions to boost economy and to

let's get back to italy, though. italy's small lenders are rallying the italian treasury.he central bank will reportedly meet with the largest lenders with funds to tack bad loans. according to route gers, bad banks will have a maximum capitalization of 5 million euros. and the state company. italy's bank faces 360 euros in bad loans. again, we'll be talking about the bad banks and what's going on there. julia caught up with the think tank's managing partner and asd him about the sector's problems. >> actually, this year, the italian banking system has been by far highly overestimated. if you look into the gross amount of nonperforming ones, you have quite a nice figure. we have the worst in europe in comparison to lending. so, that is a fact. we are one-third higher than european average, that's bad. but then, if you're going to look at the net figures, all relevant banks that have already amortized those costs. those eventual risks. so that is one fact which is underestimated, underevaluated, in my opinion. on the other, i would like to recall, that if you take the simpl

the next g-7 in italy in 2017.pect the vote of american people, the republican party, the democratic party, independent party, everything. we respect because we consider american people as brother. people and our first ally of our first partner, our first friend at the same time as a member of a member of a democrat party in italy. i hope the next president of the united states could be a woman finally. >> but let me ask you as an italian politician, there are many politicians, political figures in italy who feel that berlusconi in many ways set back italian democracy because of the extraordinary use of his private power and mixing it with public power, turning the celebrity status into political status. do you worry about trump in that way? >> i'm not worried. i'm not worried. i don't agree with donald trump's positions, but at the same time i consider american democracy is a model for the rest of the world, also for italy, and so i'm not worried. the american people will be able to decide about the next president

them to stay in italy, with the germany's support. germany expects them to take in and register refugees. >> a policy of waving people through encourages the tendency to come to europe from outside the european union.

we get the latest from our correspondent in delhi that in italy. -- in italy. >> so far, the italian coast guard has not confirmed, we are hearing reports that people have drowned, disappeared and the nationalities are -- we believe the shipwreck occurred between egypt and the coast of italy as the migrants were trying to reach italy but we have no confirmation from the coast guard. rescue 100 they did people in a different incident where a shipwreck -- a ship wrecked leaving the coast of libya. we have no formal confirmation, so far. >> we you know that the migrants across mediterranean -- routes across the mediterranean have been getting busier in recent weeks. >> there is a major concern as the european countries try to block the routes that more migrants will try to come across and reach the coast of sicily. likely -- weost have seen tens of thousands attempting that crossing and the conditions are much better and easier for the most to make that crossing, it is still very perilous and the coast guard is on high alert for more of these crossings. incidentally, the italian preside

to take a stand in solidarity with italy. molly: politicians in germany have been grappling for months over how to handle hundreds of thousands of asylum-seekers who entered the country. the ruling coalition has agreed to a new integration bill. tough measures include sanctions for failing to take part in programs such as light which classes. also included, plans for new anti-terror legislation. our correspondent has details. ,> the university of pottstown syrian teachers are taking their first steps into the german education system. .> i want to teach dream is to -- >> in an effort to handle more than one billion refugees that arrived in germany as of last year, integration policy is now set to become law. there are job opportunities, job training, and even a streamlined process to get people into the system. the carrot comes with a stick. >> anyone who stops training will lose their residency and their right to be in germany. >> anywhere -- anyone who moves away, in an effort to avoid social segregation in ghettos, refugees

them to stay in italy, with the germany's support. germany expects them to take in and register refugees. >> a policy of waving people through encourages the tendency to come to europe from outside the european union. what happens with the brenner pass is above all out of the hands of italy. >> the ministers agree on another point, that italy should keep working with libya to reduce the numbers of migrants coming into europe. in the first few months, 20,000 people chose this route and it is estimated up to a million people want to follow. sarah: all hands on deck in the mission sophia to take migrants from inflatable boats in the mediterranean. german marines is saved 600 people off the coast. they have been part of an operation monitoring the waters between libya and italy since may of last year in an effort to stop people smuggling across the mediterranean. soldiers searched vessels and detained people smugglers. our correspondent was on board the supply ship and he joins us from sicily. tell us about what you saw. >> well, nobody r

it was verona, italy. verona to verona. the internet. everything.e student that raise the alarm him oute-mail the rock station, ron country command ron verona. >> the timestamp, it came in. i opened it. i knew the time was of the essence. >> contacted interpol who immediately passed along the information. they did a welfare check. now, in her apartment the founder. a bottle of antidepressants, but she was alive. >> from verona, italy. she is recovered. >> the girl from china. we don't know each other. i believe there are millions of people like you. say thank you. >> the greater miracle, verona suicide. it must be verona, new jersey. a quarter million people and is far more famous. >> something to do with the restrictions on the internet in china. bill: we are blaming the chinese? >> if the phone was suicidal and going to kill herself, pulled to the wrong address, two different police departments, two different countries. >> thank god this happened in 2016 and not shakespeare's time. a carrier pigeon probably would not have gotten there in time. ♪ >

from ancient italy to new jersey. this is a shakespearean as it gets. it is not exactly verona, italy. verona, new jersey. they made the right call. halfway across the world. on thursday the police department received a strange e-mail from a chinese student in the uk. >> came upon an e-mail. attempted suicide. >> living and studying in verona. it was not verona, new it was verona, italy. verona to verona. the internet. how the student that raise rock station, ron country command ron verona. >> the timestamp, it came in. i opened it. i knew the time was of the essence. >> contacted interpol who immediately passed along the information. they did a welfare check. now, in her apartment the a bottle of antidepressants, but she was alive. >> from verona, italy. she is recovered. we don't know each other. i believe there are millions of people like you. say thank you. >> the greater miracle, verona suicide. it must be verona, new jersey. a quarter million people and is far more famous. >> something to do with the restrictions on the internet in china. bill: we

the murder of julio has risen ire here in italy. who was behind the killing of this italian student? sonia gallego, al jazeera, rome. >>> days after prime minister stood down antigovernment protesters have protested, after the resignation of sigmundo you gunlaugsson. >> fidel castro last appeared in public for the first time in nine months. last week he wrote a scathing editor about barack obama. editorial about barack obama. >>> independent commission will examine the outcome ever how 43 students website mittsing in guerrero state. three separate commissions have been held into the disappearance but families and relatives dispute the findings. >>> now for thousands of years, farmers have prayed for rain but in venezuela they also need water to generate leverage. with the country in the midst of a drought, emergency measures have had to be taken. trees treeteresa vo has the sto. >> cutting back on small business. for juan, the measure has meant less work. >> i made half of what i usually make because this measure won't work because

out of a grand total of 9 million italians that emigrated from italy during the same time. it's interesting to note that while he went to buenos aries, other members of his family went to places like leon and cuba and new jersey. everybody ends up in new jersey. and 1914, buenos aires was 50% foreign born happy people living there had come from other countries. 20% of the city was italian. one historian notes that buenos aries as a 1914 was the third largest city in the spanish-speaking world. a pretty large proportion of the people actually spoke italian. there, anesti married a woman named karina. you can see how those local ties are re-created all the way across the ocean. he started working as a laborer & became a draftsman and finally coming he became a railroad contractor. in 1912, his brother joined him. they never saw their parents again but they wrote to them frequently. here is a letter he wrote to his parents in 1910. do as parents, i am sending you a magazine from here which has pictures of a winery. it shows you the viticulture in this country. home, they did n

italy blames egyptian security officials.s has been reinforced by a series of anonymous e-mails that egyptian authorities, al-sisi wereneral responsible. >> this has spiked tensions between egypt and italy. italy accuses egypt of stonewalling for the last couple of months. they threatened to pull their ambassador out of egypt. the e-mails would fast-track -- italianatic route authorities point the finger at the egyptian chief of police, abi.ral shal he may be sacrificed in order for egypt to restore diplomatic relations with italy. convicted ofs been murder found a new career as a murder expert. >> he was convicted and later acquitted. he was the former boyfriend of sun is knox -- the reporting this. acquitted -- he spent four years behind bars and was widely believed to have played a part in the murder. his experience as a former jailbird has come in handy for his new career as a murder expert on an italian tv show called the mystery of the week where he lends his so-called expertise to real-life murder cases. >> thank you f

wall street journal," focusing on the fact that migrants are flocking to literally -- flocking to italy as greece rivals declined. this article reported in recent days, the number of people crossing the aegean sea into greece has really fallen, so maybe perhaps migrants are trying to find another way into europe, the a italy. "the china daily" has an interesting cartoon, doing with the -- you can see this boat of refugees heading toward this coming up in the nÑÑçoçobq announcer: this is a production of china central television erica. mike: without a doubt, technology is redefining our daily lives. but there are some innovations that have changed the world forever. this week, conversations with innovators whose "light bulb" moments are history in the making. i'm mike walter in los angeles. let's take it "full frame." think about this question

in europe, italy, outperformance of 1.8%. withury officials meeting bank executives to hash out a plan with bad loans and not performing loans. quickly,ard, dollar-yen, six-day losing streak. dollar-yen broke 108 today. treasury yields, up two basis points. down about .2 of 1%. let's get some first word news with vonnie quinn. -- with david gura, rather. david: secretary of state john kerry is in japan. seven decades after the u.s. used the atomic bomb for the first time in history, killing 45,000 japanese. with other four ministers of the group of seven industrialized nations. president obama will meet with janet yellen today, the agenda being the long-term economic outlook. the meeting will focus on the state of the american and global economies. vice president joe biden will also attend. 15 former american bar association presidents are presidente push for obama's up in court nominee, merrick garland. republicans say they have no plans to move forward on garland's nomination. global news 24 hours a day, powered by 2400 jou

italy's fund to help struggling italian banks went through last night. mark: but the amount is a mixed response from investors, italy's financial institutions are crippled by bad loans. there are 360 billion euros of bad loans. how does that figure, how does fund?ary with this guest: the question is whether italy is providing of lack stop to ensure that even if some investors don't like the ipo's of the italian banks that at the very least, there will be some entity, in this case an italian fund being set up to come and buy it. you may remember when the u.s. treasury did its stress test of the banks in the u.s. in 2009 -- treasury said if we can't raise capital, we will get him. we had assurance all the banks will do it. italy is constrained from going out the money into the bank because of the rules of state money there. to get money from insurers and banks and so they are limited to how much they provide. there may be a chance this would work, but we will see if we have to raise that amount. it has been three months since we had an effort to strike at

in 1883 in aborn town in northern italy. of luigi andn margarita. mechanic, a labor leader, a socialist. he received a good technical education up to the europe 16 but in 1900, at the age of 17, he emigrated to when necessary's -- buenos aries. his grandfather was there. he was one of 2 million italians who moved to argentina between 1876 and 1925. out of a grand total of 9 million italians that emigrated from italy during the same time. it's interesting to note that aries,e went to buenos other members of his family went to places like leon and cuba and new jersey. everybody ends up in new jersey. aires was 50%os foreign born happy people living there had come from other countries. 20% of the city was italian. that buenosn notes aries as a 1914 was the third largest city in the spanish-speaking world. a pretty large proportion of the people actually spoke italian. there, anesti married a woman named karina. you can see how those local ties are re-created all the way across the ocean. he started working as a laborer & became a draftsman and finally

there are jobs in argentina that a good wages, wages higher than people can get in italy.ou also see aresti adjusting culturally to life in his new country. he is trying to maintain some of the traditions from back home like a drinking wine. your call you married a woman from his hometown. at the same time, he's not the same person he was when he left it really. he seems to identify with argentina, with its national history. he's celebrating this act of 100 years of argentinian independence even though for him, it may mean more work and more money than any genuine patriotic feeling. you also see him trying to distribute people back home from their notions that they know what life is like in the americas. he's tried to say argentina is not the primitive place you think it is. he points to buenos aris itself. he calls it the largest, most beautiful, modern city. it's that sense of the modern age of what historians sometimes call modernity. this gives us another window into that age of mass migration as it has matured in the early 20th century. so how does all this happen? wh

italy strikes a deal to clean up its banks. is an even big enough to shoulder the nation's debt. nomura is expected to cast desk to cut around 1000 jobs. -- cut around-- 1000 jobs. who will fill the void?

joining me this hour is paolo scaroni, former ceo of italy's largest oil company. a bloombergk in exclusive. we'll talk luxury. burberry down a percent. let's get straight to what some of the major market moves are. european stocks opening flat. curdrude, that is the one we are watching out for, because of the doha meeting. we will speak to paolo scaroni. i wanted to show you the singapore dollar. it's boe day. let's get straight to the bloomberg first word news. nejra: new zealand central bank has said a journalist great surprise interest-rate cut last month. a news hub reporter sent information about the cut to media lockup on march 10 before the release time. although the reserve bank says there is no evidence the leak has any impact on financial markets, it will discontinue embargoed lockups. the chief investment officer's at goldman sachs said expect a wild ride in the world stockmarket and not that much to show for it. he oversees about $15 billion of volatilityouts will continue as nervous investors dump shares that even the slightest hint of bad news. he pr

you have got regional, medium-sized banks in northern italy that are preparing capital increases. this might help. it might reassure investors about the capital situation. credit, italy's biggest bank, acting as a guarantor, leading the rtium.riting conso a question mark whether this is the ultimate, game changing measure to reassure investors long-term about italian banks and the risky situation. doncine: the problem is we not really know how to resolve nonperforming loans, and as you y, 5 billion is probably not enough. how big does it have to be to put most of the concerns to one side? dan: that is a great question. i think we will see in coming days, the reaction to share prices. the italian banks have rebounded a bit in the last two sessions after underperforming. wouldk investors probably be happier for a bigger number, but the fact is how do you get to 200 billion, 300 billion euro s. out overnight. the other problem is the solution that italy has come up with has to meet the approval of regulators in brussels. it cannot be construed as a bailout, state guaranteed bailout.

there's the simple fact of its location, tucked away under the boot of italy.t, of that country. [ man in market speaking italian ] >> anthony: its own language, culture, its own history of norman, arab, spanish, roman, turkish, egyptian interlopers, all leaving their mark and their influences. i grew up in new jersey, which was pretty much sicily on the hudson. the italian-americans next door weren't from milan. i can tell you that much. [ man in market speaking italian ] >> anthony: i guess what i'm telling you is i figured, this will be easy. villa monaci delle terre nere -- a certified agriturismo. meaning, it's a hotel, restaurant, and working farm that in this case produces olive oil. how many acres of property do you have? >> guido: uh, it's about 40 acres. and it's one of the oldest organic farms. >> anthony: this is guido, the proprietor. oh, so that's where potatoes come from. how freakin' hard can it be to make an awesome show in sicily? eat the nice food, drink the wine, in an idyllic villa in the countryside outside catania. how low impact can it g

in italy, the network, social street, in which entire neighourhoods make an effort to get to know each, is thriving. and it's all happening offline. ♪ >> the via fondazza in central bologna is a community in itself. luigi nardacchione knows all of his neighbors, and they all know each other. even in italy it's the kind of , atmosphere you now only see in small towns. >> before, people were used to staying in the square after the office, speaking to people as in the villas when i was a child, for instance. now, the people are running here and there, and closed into the apartment. >> nardacchione helped to reverse that trend. in 2013, he and a friend founded the first social street on the via fondazza. nardacchione and his family were new in town, and didn't have any friends. so, he started a facebook group where residents could chat. more importantly, however, they were urged to pack away their laptops, go out and meet each other in person. >> the real-world street now ps host to music concerts, workshops and street parties. the friendly-neighborhood concept has caught on in style. ther

they don't steal in italy? in italy, they steal only once. you want a beer? is your wife here?er us. sit down. open your pants. who is it -- oh! hello, marco. what a nice surprise. buongiorno. yeah, buongiorno. that's italian for "beer, marie!" right away, frank. would you like it in a bottle over your head or in a can somewhere else? scusa, marie, but i come to see you. really?

seen the number of people crossing from libya into italy increase dramatically. and we fear that this is the beginning of the good season. >> he sd a new lal framewk is need to help refugee reach europe witut risng their lives. >>> cha state-ru televisn ys a chise man has been sentced to sen years in prison for spyg activits relad tthe senkaku islands in the east china sea. japan controls the islands. china and taiwan claim them. china central television reported on wednesday that the man carried out eionage related to the islands between vember 2012 and december 2013. cctv said he took photos of a chinese military facility and provided them to a foreign nation. it noted that the facility belongs to a military unit that mainly operates in the east china sea. around the an eastern province. it warned that his action could threaten chinese security. cctv broadcast images of city-scapes and bank notes and mentioned a person with a japanese-like surname who allegedly gave directions to the chinese man. the japanese government maintains that the islands are an inheren

. >>> the lower east side, little italy and the west side, and the east side and the park too just bathed in sun clear and 51. cooler readings slightly cooler, 45 at monroe, toms river as well. turn that around, 54 in great

from zingales joining us italy. still joining us, nicola horlick, jon moulton.r how much that income inequality plays in the u.k. debate. we had a u.k. election not long ago. it hasn't been 12 months. there was unilateral support almost for david cameron. i don't understand why he's losing that so much. nicola: we've had this whole thing going on about these investments. i think it is normal. when a government is newly elected, everything is wonderful. as time goes on, you get opposition and elections and protest votes. i'm sure there will be protest votes in the may election. importantt was a very one. if you have quantitative easing, you have real assets going up in value that tend to favor the rich. the rich have got richer and the poor have got poorer and we are in this strange uncharted territory. it is a very strange situation. it is worrying because interest rates are extremely low when the economy has been doing reasonably well. if it trends down, we don't have any firepower. the worst may still be to come in a couple years time. are you expecting shocks

give me a sense of how big the problem is in italy.f monetary problem not working correctly and you on have to look to italy to see examples of that. how big a problem do they face? report, we do not discuss country by country in specific detail, but the important issue is that in italy, but also other countries, it is sizable. it is really impeding the recovery and the traction of monetary policy. i'm sorry i cannot give you further details on italy at this point. hans: also affecting the performance of the bank is this negative interest rate environment they are living in. walk us through the scope of that challenge. acer anything that the european central bank and you to make it easier for the european banking sector even if they stay in negative territory. >> let me first say that negative interest rates have both ogood and bad effects for banks. people talk about the adverse effects for bank profitability. it does put some pressure. on the other hand, banks also benefit. tse valuation of their asse improve. the low interest rates

. >> reporter: this woman, of italy, says her 4-year-old son, was found at the bottom of a pool last year after she lost sight of him. >> we were looking for him everywhere. you're frightened. you're scared. but honestly, we didn't think he was going to be found dead or nearly dead. >> reporter: the lawsuit calling on royal caribbean to staff its children's pools with life guards. >> i think, the primary goal here is to raise public awareness of the remarkable danger that there are not lifeguards at these pools, where they are advertised and held out

they called us from italy, we were going to come to rome to teach pfizer italy how to do this. happy to do that. >> wow. >> they called us back, could you bring this, and pfizer will sponsor us in italy. we started at the vatican >> wow. >> which i thought was really cool, an orthodox rabbi needed permission from the pope's office to teach an eastern meditative technique to vatican >> right. >> but it's so powerful. we're in ten hospitals in rome and 42 locations around the world. and the kids are teaching the world. >> rabbi g., your daughter's >> how old was she when -- >> it was just past her second birthday. >> just past 2. >> and so i just recently wrote a book. the name of the book is "a perfect god created an imperfect world perfectly." and in there there are 30 life lessons teaching adults how to breathe in the light and push out stress. so the book is all about the children teaching the world. and if these kids who face down the most extraordinary things can take control of their lives, wow, i can do this. but when people do it, it helps the children have less pain bec

italy is -- italy has probably done more than it is given credit for. france, not so much.ing better in part because it's markets are more flexible. if you want to know the answer in the long run, your output is determined by these fundamental factors. talking about big fiscal stimulus -- it is a good idea when demand is low, but if you think that is going to fix things in the long run, you are mistaken. francine: the problem with just getting it done, there is a complicated political antiestablishment movement in europe. if you do structural reforms, it may push voters to the extreme right or the extreme left, a little bit like you are seeing in the states. it is more nuanced and complicated than we give it credit for. -- let's set the template for you and adam posen and david lipton later. reflation the idea of x number of years ago, you had a great panel at the imf. where are we -- and this goes to your wonderful book, "this time is different" -- getting out of the crisis through the solution of reflation, are we re-fleeting and are we doing it -- are we reflating and do

italy!"ake the worry and mess out of frying calamari. we learn how an ancient grape is now one of italy's hottest rookies. we visit one of italy's revolutionary wineries. it's art within art. and i help make a classic tuscan soup. my name is vic rallo, and i believe that italy is the best place on earth to eat and drink. follow me, and i'll prove it. "eat! drink! italy!" is brought to you by the asaro line of sicilian extra-virgin and organic extra-virgin olive oils, tomatoes, olives, and more. from the asaro family to yours. martin-scott wines, providing wines from around the world. banville & jones, importers of italian wines.

now italy said its recalling its ambassador from cairo for consultations. on social media the prime minister said that italy will not stop until the truth is uncovered. egypt's response, they had no idea why the ambassador was being recalled, no statement has been released on the outcome of the meeting. the student's body was discovered in a ditch in the outskirts of cairo on february 3rd. nine days after he went missing. his body bore signs of torture. his mother said that she was only able to recognize him by the tip of his nose. human rights groups have said that egyptian security forces were behind the killing, an allegation that cairo has repeatedly denied. >> the egyptian authorities have been utterly unable to collaborate in an effective manner. what they've done all this time is to give very often non non-credible versions of their offense. >> for the family, frustration is mounting. two weeks ago his mother threatened to publish a photo of her dead son's body if there was no progress in the case. the murder of the student's journey has brought high

as you know, in italy, the conditional is required.'s apparently, according to the people that we are citing, in our story, there could be a meeting later today. i think clearly the messages, italy wants to get a deal done this week. for a number of reasons. as to all, because bank capitalization is underway and they need to find a solution to this. francine: why is it so crucial to reach a solution on these issues? dan: i think there are two pillars to the thing. you have italian banks led me to the recapitalized. the european central bank has identified banks that need to boost capital. the other issue is to deal with the ongoing problem of bad loans. italy ranks near the top of the league in europe in terms of this bad loan mount and. one way perhaps of dealing with that is creating this entity which will help resolve those issues, the capitalization and the bad loans. francine: dan, thank you so much. up next, could the daily mail be a contender? yahoo! extends deadlines for the core business. who is in the running and why? ♪ franc

italy!"visit a michelin-starred chef who found his true passion. we also visit a tiny culinary powerhouse who'll share a simple, classic recipe with us. i'll audition as a beekeeper at a purely organic bee farm, and we'll visit one of italy's most creative new chefs. my name is vic rallo, and i believe that italy is the best place on earth to eat and drink. follow me, and i'll prove it. "eat! drink! italy!" is brought to you by the asaro line of sicilian extra-virgin and organic extra-virgin olive oils, tomatoes, olives, and more. from the asaro family to yours. martin-scott wines, providing wines from around the world. banville & jones, importers of italian wines.

the tes case is a test between egypt and italy.italian authorities ask egyptian investigators to give them data including data of calls to and from the student's phone as well as surveillance video. italy's foreign minister told the senate in rome on tuesday that the egyptian authorities had failed to hand over those two sets of information. >> there is not a change intact the government is ready to reacts. adopting measures that are both immediate and proportionate. >> egyptian authorities say the investigation is transparent. the visiting officials are reported to have brought large amounts of data with them to roam to discuss with their counterparts. all the while the family of the student are agonizing over why their son was killed, and who was behind it. al jazeera, rome. >> saudi arabia's king salman is in egypt's capital on a five-day trip. saudi arabia is expected to sign a $20 million deal to finance egypt's petroleum needs for the next five years. >>> hundreds of students have taken part in protests in bangladesh demandin

many sought as a italy disguised attempt to save lula from possible arrest.e is accused of accepting a luxury apartment as bribes from construction firms caught up at petrobras. he has repeatedly denied any wrongdoing, saying the case is poetically motivated. now he's prevented from joining the government that would make wouldre vulnerable and give him partial immunity to prosecution, though he could be tried in the supreme court if the case got that far. if he is allowed to join the government, it could be too late to have much impact on the fight for political survival. catherine: a fresh tremor rattled ecuador overnight. it was the strongest aftershock since saturday plus deadly earthquake. rescue operations were suspended recently and the u.n. humanitarian chief says hundreds remain missing after the earthquake and some 21,000 people need shelter immediately. the latest death toll stands at 525 at that number will likely rise. , aftershocks rattled nerves in the southwest of the country. teams continue to dig into the rubble after the earthquake. hundreds

the brenner pass between austria and italy is a major transit route. there are concerns border patrols could harm both tourism and trade. russia is celebrating the first successful launch from its new space port, an unmanned rocket blasted off from the cosmodrome in the south of russia. the launch was meant to take place on wednesday, but a technical problem meant it was delayed. that is not the only problem it has faced. our very own yuri were shut out it has been dogged by allegations of corruption and mismanagement. reporter: a majestic liftoff, the rocket blasted off from the new cosmodrome. it is putin's personal pressed each project. he traveled more than 8000 kilometers from moscow to see the launch. he was pleased to see the launch was successful. >> as you know, the proof is in the pudding, and we have to launch to see if it is ready. reporter: the spaceport cost billions of euros, but russia's biggest pressed each project was almost derailed in the construction stage. builders went on strike because they had not been paid for months, and ther

planes bound for greece and italy left the runway. the re-opening curity 0001>>> mraengz are flying to and from brussels again today. planes bound for greece and italy left the runway. they have a high security era in air travel are for belgium. >>> busted budge sxet broken promises, that's how the long awaited high speed rail that will connect the bay area to southern is being described. today a senator will urge a committee to reject the latest business plan. under the plan, the first major stretch would be bakersfield to san jose we've seen animations for years, but now it's new. wilson walker shows us the high speed rail is already happening in the central valley. >> you've got to start somewhere and the central valley is a good place to start. >> when you're launching the largest public infrastructure project in the united states, you have to start somewhere. somewhere is the edge of downtown fresno. >> in the fresno area, there are eight to ten overcrossings being constructed to reroute roads over or under the high speed rail. >

obama is meeting with other negligence germany, france and italy -- others in germany, france and italy. >>> still ahead. detergent danger. a new warning for parents about the popular pods millions use >>> plus, the bells toll for prince. see how else his hometown honored him. >>> and a wild encounter with a bear in new jersey. find out where the big animal uh-oh. >>> looks like we could see some stormy weather in our area soon. >>> once again, warning parents about the popular detergent pants -- packs. >> a new increase in children getting hurt after biting into them. marlie hall reports. >> reporter: detergent packets can be a convenient way to do the laundry. but to a toddler, they can look like candy. two years ago, angela aven told us her daughter anaya had to go on life support because she ate a packet of detergent. >> she was foaming at the mouth, couldn't breathe, couldn't move issue she was just laying there. >> there were more than 62,000 detergent-related calls to poison control centers in 2013 and 2014. there was a 17% rise in calls, specifically about laundry packets. among

ftsi 100 and italy both positive. italy with a gain of about 1.5%.y declines in asia defined by a stronger japanese yen which's something that's been plaguing the japanese stock market. gains in hong kong and shanghai by about .6 right now. >> oil prices had a fantastic week last yeek. gave up some yesterday but bouncing back today at 4 .84. blent up about .4%. the pound has just hit a ten week high. it's stronger against the euro and the u.s. something today. the latest polls have shown the remain camp doing a little better and the pound moving up .6% today. a ten week high, 1456. quick look at gold prices. and we're looking at slight declines of .3%. 1235 for gold price. >> on the agenda it is a busy one. the federal reserve kicking off a two day policy meeting. a decision on interest rates is due tomorrow. no change is expect bud of course traders will be parsing that statement for any clues about the net's interest rate increase. today is business for earnings and economic reports. starts with march durable goods. orders for big ticket items have

they were supposed to go to italy. they had paid around $2000.y seem as if they have not realized what has happened. although they spoke to us in an open way, because they trusted us, they were sometimes crying, other times nothing. i don't think they are in a good mental state of health. >> a very disturbing account of their from a senior protection assistant with the united nations refugee agency. barack obama has begun a visit to saudi arabia, looking to mend fences at ahead of a summit of gulf leaders. washington's nations have been rocky. president obama told the king that saudis need to step up efforts to defeat the so-called islamic state. the conflict in syria was also a topic of discussion. president obama also raise the issue of human rights in the kingdom. for more on that, i'm joined by a familiar face here, one of our middle east experts. it is good to see you again. strained ties is the best way we can describe relations right now between the u.s. and saudi arabia. there is a long list of problems right now. which is most important?

three syrian families, now living in rome. 12 refugees brought to italy by pope francis. >> it's like a dream. it's like a beautiful dream. >> reporter: today she took her first italian lesson. a mike roy biologist in syria, her husband and their 2-year-old boy are finally looking forward and expanding their knowledge of italy. >> lasagna, pesto. >> reporter: something they found impossible in their war-torn village on the lebanese border and in lesbos, greece, their home for the last month. all the families got word late friday of their new home, just hours before the pope's visit. still stunned, they flew to rome on the papal plane, and when they landed, it was francis who greeted them. >> i said to him. thank you very much for changing our fate. thank you for my baby beautiful future. >> reporter: sahala who came with her husband and three children initially thought it was a trick to send them back to turkey. today she called pope francis an angel. all the refugees are muslim, but they say this is not about religion. it is about humanity. >> a human being. he's really caring. he's

austria says it is getting ready for a big surge in migrants via italy now that the balkan route hasn cut off. let's pull in our correspondent covering the story for us tonight in vienna. good evening to you. what is this new asylum law mean for migrants who are trying to cross into austria? >> it means it becomes tougher for them to get in if the government decides there is some sort of threat to public order, what ever that means. it also means that if they do get in, they could be sent back quite easily to there is a limit on the time for which asylum will be provided, three years, and of the country is deemed to be safe after three years, they can be sent back. >> what about the timing of all of this? we are coming off the victory for the far right candidate in the first round of the presidential election. it looks like this is a move to satisfy the right. >> it is. it is also a move to satisfy a large part of the austrian voting public, not just the far right. the main party, the social democrats and the people's party, have seen their support falling in the polls and they have

italy than san francisco... >>> outside the fairmont hotel today, it looked more like italy than san francisco. the 26th annual california meal brought an impressive collection of vintage race cars. it was a walk through time displaying top of the line cars from 1927 through 1957. the event is the largest free car show of its kind in america. and more cool rides down in palo alto where people got to test ride a fleet of high tech e-bikes and it's part of a multicity tour. riders went up hills with ease using the new low resistance technology, which allows you to bike for miles without breaking a sweat. electric bike makers hope the event will change the way people commute. >>> and there's a new option for getting from the bay area to los angeles. and the best part, you sleep the whole way. it's called the sleep bus and it doesn't look all that comfy on the outside. inside it's a whole different story for the cost of about $100. each passenger gets their own individual pod complete with a bed, power outlets, wi-fi, coffee. the sleep bus departs from the san francisco california train

in europe, italy, outperformance of 1.8%. treasury

italy wants more information about the murder of italian student julyia rejurni. his tortured body was found in cairo. he script's persistent said it can't meet the italian demands. >> italy wants more than a thousand calls around the student's place of disappearance. this is contrary to the kongstitution. we will not allow it because it is a crime. article 57 prohibits it. >> 18 soldiers have been killed and 50 injured in the fighting between the if i philippines and arm separatist. they fought with troops on the southern island of basalan. the group is believed to be aligned to isil. >>> why thousands of people have taken to the streets of poland in protest, plus: >> i am adam raney in the brazilian capital. usually, it is a ghost town on weeks. not this one. there have been marathon sessions for the commission of impeachment. thousands have traveled to keep the pressure on the government. >> in sport, find out how this player all but ended arsenal's premium league title hopes. first, authorities in el salvador have raided the offices of the panama law firm at t

one of them a fairly large bank, medium-sized bank, in northern italy.y are trying to provide an of the same time keep within state aide rules some sort of cushion if you will to get through this next round of capitalization and at the same time reduce this level of loans. betty: who would be participating in this? dan: for what we know so far, and again, the government, italia central-bank is not given a live details yet but we are looking at some sort of solution whereby you have private unistors, italian banks, credit, italy's biggest lender will be involved. we could see a state lender. perhaps taking a small stake in other privates investors, pension funds, investment funds also contributing. mark: when are we going to get final details of this fund? it has been running for a while. are we closer to the creation of this fund? dan: well, the italian prime minister was asked that same question today. he said it will probably be sometime this week. there are another round of talks scheduled to start in about one hour involving central bank officials, p

david: this is important to italian banks but also to italy overall.ou wrote this profile of the prime minister. explain why this is so essential to turning around the italian economy? john: just a little anecdote. we walked into his office and there was a sword on the chair and he brandished it. we asked what he would do with it and he said, it italian banks and he brought it down with a slice. and a senior official in the -- isment told us that helping to slow down the economy and it is reducing the capacity of banks to actually lend and italy is only just clawing out of a recession. vonnie: that is some anecdote. 'su can catch john follain article on rebooting italy and we will have more with matt mclennan now. i know that you are invested in europe and we will get to that in a moment. continue to join us on "bloomberg ." ♪ jonathan: long considered an moreings -- matt miller has on the outlook for this year. matt: really, for earnings in general, it has been a pretty bad start. some are saying the worst start since the financial crisis. take a