. >>> comcast is in talks with itv about a possible bid for the firm. that's according to the sunday newspaper which says that comcast could pay as much as 11 billion pounds for the broadcaster. the newspaper says the top executives from comcast which of course the parent company of this channel, cnbc, have already met with bosses from itv to discuss that deal. the potential bid could face one big obstacle. itv's execs say they're up 3.5% today. >>> new risks to the diesel engine business. east said he felt, quote, a bit disquiet over the trading conditions. rolls royce's diesel unit is the only division which hasn't faced a downgrade in the last five profit runnings. shares in rolls royce off by almost 35% on the year. so pretty big corporate numbers rounding out the year and happy to see the year gone and start fresh. i guess now the issue is we didn't see that gain in the european equity markets as anticipated given what the ecb is doing. >> actually, though, i think you have to be more selective. if you take a look at the ftse mib, that's 1 r up 12%

itv being cold, lower at the open. called higher after discussing u.s. fda approval of a drug for the treatment of -- keep anrterial eye on itv and our tyrian. toa: alexander, according 2016, you believe there is opportunity to be had in high yields. what is the opportunity? alexander: what we have been seeing is a bit more of a high probability of a recession and a few more defaults being based into the yields in the high-yield sector. oilhe continued selloff in and a step down in energy high yields as well in terms of prices. we don't 100% agree is how much of the market has priced in the charts of a risk -- the chance of a recession. if you're going to be selective and going to the market and look for the opportunities, we think you can find some in the high-yield space. anna: it is interesting to talk about liquidity. a lot of people are concerned that there might not be the liquidity there if investors decide they want to get their money back. important to is remember that one of the side effects of quantitative e

so when did this use of did itves in this way, begin to phase out at a certain point? where do you see the trajectory going? mr. lillert: on one hand by the 19th 30's and the new deal congress had had enough of this labor espionage with the detective agencies and their investigations. there were new laws. it was at this point that that the pinkerton's destroy their old papers which makes my life a lot harder. we were going to talk with the surveillance society today. it was definitely something to think about when getting started on this research. it resemblesays what the detectives are doing in the 19th century. we take it for granted now that the company will know almost every thing about us and all these random faxing can traces where we go. in an earlier world for most of human history it would've been -- i don't know if there is a direct connection between edward snowden today and the pinkerton's of the 1880's. it's very reminiscent. host: you are working on your dissertation at harvard. what is the timetable for finishing? do you hope to publish any of this in bo

. >> yeah.ese that's where we had to leave itv >> reporter: the report suggests that it could be helpful to t increase work requirements forqu certain benefits. >> well, the 1996 welfare reform law, remember, emphasized personal responsibility. it added a work requirement. and that was something new in poverty policy. what we found is that welfare is no longer a chief driver of benefits for the poor. we have many, many other sources of benefits for the poor. and none of them, or very few of them, have any work requirements attached to them.k so for conservatives, especially because they do believe that the welfare reform bill was basically a success, the belief is that at the very least, we should experiment with work requirements for food stamps or for housing and that kind of thing. if this continues this debate for quite a while -- >> the progressives on this committee did feel very very strongly that if we conditioned food stamps there would be no safety net that certain veryivve vulnerablery families could not fall through. and that seemed just unviable to us. on the other hand, i t

itv, according to a report, might be bought by comcast, our parent company.ved the stock, as you can see. volkswagen is off its earlier highs. here in california, they're giving a little bit of an extension on one of the deadlines. the ceo is talking about rotating senior management through various departments. so it's more or less possible to hide defects moving forward. relatively quiet, apart from spain, which is a real headache for many people. >> interestingly, it hasn't taken the market more broadly with it. >> we will see. simon, thank you. up next, a rare interview with ceo tim cook. a look inside johnny ives secretive divine lab. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> i'm sharon epperson. here's your cnbc news upda

and speaking to itv news, aamer described reuniting with his wife and children. >> there are some you have never seen? >> just the sun. 14 years. my oldest daughter was 4.5. -- for them i am a stranger, a total stranger. amy: in california, los angeles county sheriff's deputies shot and killed an african-american saturday -- man on they say was saturday armed with a gun and refused to drop it. sheriff's officials say nicholas robertson fired several shots into the air and was behaving erratically. deputies opened fire and video shows them continuing to shoot as robertson crawls away on his stomach. the two deputies fired 33 shots. on the campaign trail, a new poll of republican voters in iowa shows texas senator ted cruz leading over business mogul donald trump. the des moines register/bloomberg politics poll found cruz had a 10 point lead over trump with 31% support compared to trump's 21%. retired neurosurgeon ben carson appears to be plummeting in the polls. the shift comes ahead of the next republican presidential debate tuesday in las vegas. in southern california, police and the

itv share prices up this year. expected to vote on their proposed merger on genuine 27th and 28. the oil and gas producers got clarence earlier this month, removing the last hurdle on the deal which was announced eight months ago. anna: the european equity markets are about to open. .et's stick with you nejra: a lot of stocks to watch. a quick check on the spanish bond yield, because that is the big story. the uncertainty post spanish elections. up 15 basis points at the moment. spanish stocks will be the ones to watch this morning. i've got a note from goldman sachs. the coalition would likely podemos. risks.uses downside the reason for that is both parties want to reduce subsidies for hydro and nuclear. keep an eye on spanish utilities but also on syngenta which is --che about cam china chemchina.. it would require -- it would acquire 70% of syngenta. we got an announcement of that merger between dow chemical and dupont. expected to spur consolidation in the industry. syngenta will hold a board meeting before the

martha fairley, itv news, lancashire. >>> and more flooding to tell you about. four latin american countries are reeling from the worst flooding from years. more than 100,000 people have evacuated in uruguay, argentina and brazil. heavy rains caused rivers to surge past their banks. authorities say it is part of the el nino weather pattern. they are trying to free up millions of dollars in relief funds. >>> in china, on saturday, this was the scene, a memorial held for victims. more than 70 people missing are now feared dead. it's been a week since a landslide swallowed buildings there. >>> russia has been in the international spotlight for much of 2015, and some of our cnn correspondents sat down to discuss that nation's role over the past year. >> russia literally acts with impunity on a global stage and gets people wagging their fingers at them. i mean, there's nothing that's stopping any of it. and either the west, the u.s. actually needs to step it up or say, you know what? we're getting out. >> we're done. >> there are a lot of potential challenges that co

the larger point that you make which is tsa access to the data, something under consideration itv ande policy consideration that access could be made and is certainly under consideration right now. >> it seems to me that you've got to have access to this if people don't have access to it and making decisions about who comes into the country. i mean, i think that is something that we can all agree on. we certainly want legitimate visitors that anyone on a terrorist watch list, you know, we shouldn't be granting access. so can you give me any reason why tsa shouldn't have access to say that it's under consideration that they have access why in the accessed why in the world would they not have access to this counterterrorism list when it's there to decide who comes in and who doesn't? >> at the it's a policy decision including tsa that doesn't have access to the data map. >> did they have to? who is starting to access? >> nobody would be authorized to receive that information directly from -- >> but they are not receiving it. >> at this moment, nobody as i indicated, it has been under th

damon greene, itv news, in york. >>> the falling price of oil, saudi arabia is preparing for a year ofuncing the biggest deficit in its history. it revealed a budget 14% smaller than it was in 2015. the finances are getting slammed by low oil prices, oil rev view which makes up three quarters of the country's revenue has fallen 23%. that's led to a record $98 billion deficit to help get their fiscal house in order, they are considering bold measures. it plans to privatize some sectors and is cutting the large subsidy on domestic fuel, raising local prices by 50%. >>> an emotional reunion in canada for a syrian family starting over after a heart breaking loss. the details still to come. >> plus, we will hear from a harvard professor who is combining his research on human trafficking with the power of media to help in the fight against modern day slavery. "ow..." "are you okay?" "yeah, i just got charged for my credit monitoring. that's how i know it"s working." "ah. you know you can go on creditkarma.com and check it out there. it's completely free." "really?" "yeah" "oh, that didn't hu