kerry: none of the equities look cheap. they are seeing a story that is not developing in the way they want. they want to see a strong u.s. and european economy. they are pushing back expectations. everything is bound to change. the rise in the dollar will be one of the beneficiaries of u.s. equity markets the fear. the oil prices have held back profit. jonathan: a breakdown in the traditional relationship in the u.s., the breakdown and correlation throughout the european crisis, risk on risk off in 2012. now it is by everything, sell everything. bond yields higher, bond yields lower when things are good higher with things are bad, where is the safe haven? kerry: these yields being so low, clearly what we have seen in the last few weeks this is not risk free at all. the big question now is about the qe trade. you have to look at what the ecb is trying to do. they want banks to lend and they want a week hero w --eak euro. jonathan: mi still looking at the euro this morning? do we just keep the focus on the euro or bond marke

kerry. you mentions that the minsk agreement is the best way forward. but we can hear militant statements from kiev. statements that crimea should be returned what sort of influence washington has on kiev. >> and how can the united states use that influence to resolve this conflict. >> i have not had a chance -- i have not read the speech. i haven't seen any context i have simply heard about it in the course of today. but if indeed the president is advocating an engangment in a force. effort at this time, we would strongly urge him to think twice not to engang in that kind of activity. that that would put minsk in serious jeopardy and we would be very very concerned about what the consequences of that kind of action at this time may be. now, it may be he was talking about in the long term, he may have been talking about the context of the final resolution, or settlement, i don't know the answer to that. resort to portion would be extremely destructive, the working groups have met, and they have an ability to try to provide a path forward on all of those

kerry is an avid cyclist. nick robinson is tracking the story for us. >> reporter: secretary kerry sustained this injury when negotiating a curb when on his bicycle about 30 miles outside geneva early sunday morning. he was in france. he was taken by medical helicopter to this hospital in geneva, back in switzerland. he's been treated by doctors throughout the afternoon. the fracture detected in his femur is close to a previous operation where he had hip replacement surgery in his right femur. secretary kerry decided it would be better to go back to boston to be treated by his doctor there who did the hip replacement surgery. he's been in the hands of doctors here in geneva throughout the afternoon. clearly, the determination is made it is better for him to allow his staff to travel back on his own plane while he will wait a medically-equipped aircraft state department officials made available to him. he is using that aircraft to fly back to boston. how will this impact the important iranian negotiations under

kerry: they are super popular.erica's funniest home videos" is one of the longest running programming entities. but there is a place for that. youtube. it is phenomenally successful. but yes, we see people consuming longer form pieces of content, and particularly video-on-demand, which is an open end itunes system. they are consuming episodic into single minute into close to television hour, and half hours. and one of the most important things for us is, because there aren't any of the programming strictures of half hours or hours, it's kind of whatever. and then one of the most interesting things about consumer demand -- we see creators breaking all of the roles of price, if there was an absolute ratio. generally, itunes would hew to a certain amount for this. we have people charging tens of dollars for tens of minutes. peter: what is your biggest? kerry: we have a series that was just picked up by hbo. it is called -- high maintenance. it is an episodic comedy. the creators chose to use vimeo. it is about a bicyc

talking about this visit from john kerry they say okay, if john kerry is coming all the way over maybe that means the u.s. is softening the stance a little bit. and that he is bringing a slightly more tolerant or per missive kind of altitude they are coming over here saying we will -- that they have immediate rated their stance and they are softening a little bit on what they think is going on, and what they think is going on in ukraine. both washington, d.c. and moscow are coming to these thinking maybe the other side is more flexibility. so that's not a very good bases for negotiations. the united states has said that it is coming here, mainly to keep the channels of communication open. it is not expecting any big break throughs to come out of these talks. it is just seeing this as an opportunity to talk to the boss of russia the guys that make all the foreign policy decisions. >> all right i guess the other thought, is this feels like this feels like a meeting that maybe is either long overdue certainly necessary, if there is to be any kind of thawing in the relations between these

kerry was in the region. rewill have lots more on his condition and what that means for those negotiations in just a bit. we have also been talking about the tragic news that beau biden has died of brain cancer at the age of 46. >> condolences have been pouring in many saying that beau was a lot like his dad. it is with broken hearts that hallie hunter ashley jill and i announce the passing of our husband, brother, and son beau after he battled brain cancer. president obama also released a statement. he wrote michelle and i are grieving tonight. beau biden was a friend of ours. the president wrote i have believed the best of every man and find that to believe it is enough to make a bad man show him at his best or even a good man swing his lantern higher. he was diagnosed nearly two years ago but was give an clean bill of health. he suffered a relapse and readmitted about a week and a half ago. he served as delaware's 44th attorney general and he was widely expected to run for governor in 2016. but those who k

they are interpreting john kerry's trip here as a sign of american flexibility. that america is coming here maybe with a slightly stance towards russia, that it may be softening and coming around to sees things more from a russian perspective. the americans are saying we will talk to vladimir putin hoping that the russians are now becoming a bit more flexibility. the russians are now seeing things from an american perspective, you can see these two countries are coming together, trying to find some sort of common ground on big big issues. big geopolitic call problems and essentially coming t at it with very very viewpoints. the challenge, of course, is to try to get beyond that, and concentrate on what united them. >> yeah, and probably quite an intricate talk there certainly i guess judge being i the fact that we are waiting for this this news conference, for the moment, thank you. and you can see the live shot here of where that media conference will take place in sochi, we are expecting the u.s. secretary of state john kerry and the russian foreign minister as

john kerry the first secretary of state to visit the war torn country. what is behind the visit two decades after the blackhawk down incident. healing words from washington. loretta lynch meets with the family of freddie gray promising change in baltimore. >> children are eating this risky additive for the important meal of day >>> food fear. controversial tactics by a blogger known as the food babe >>> good evening, i'm more r, and this is al jazeera america. jamie mcintyre reports - the white house dismisses claims that the texas shooting was part of i.s.i.s. >> reporter: written in a report two i.s.i.s. soldiers carried out on attack often a festival drug prum. the audio praised the gunmen killed and promised more attacks:. >> reporter: the u.s. is viewing the claim with skepticism given i.s.i.l.'s reach to exaggerate. >> this is under investigation. it will determine ties that the two individuals my have had with i.s.i.l. and terrorism organizations around the world. it's too early to say >> reporter: the attack whether directed by i.s.i.l. represent

secretary of state john kerry has made an unannounced visit to somalia. he arrived a short time ago. and is the first u.s. secretary of state to visit the country. the trip is expected to show support for the somalia government in its fight against al shabab. what's the suck doing in somalia, who's he going to meet with? >> it's more accurate to say what did john kerry do while he was in mogadishu for more than three hours on tuesday. he melt with the president as well as members of his cabinet including the prime minister as well as regional leaders and with civil society leaders. what john kerry was trying told was communicate the obama administration support for the government of somalia and efforts to prepare for next

kerry and president putin have been meeting for hours now.we know what they have been discussing. >> i just had a chat with the u. embassy team, they confirm that the meeting is still going on, they say it is taking place for some two hours now. before that there was four hours of discussions. clearly a lot for these people to discuss. the main issues. >> that we think are being talked about, three conundrums. one of which there is actual common ground between the united states and russia over that's iran. both iran -- sorry both russia and the united states passed the p five plus one group to try to get nuclear deal with iran locked down. so there is agreements between washington, and moscow on this something that the united states has come here hoping to push forward. they will, of course, be talking about the sale of russian missile defense systems to iran, that's displeased washington but that's a good area of agreement there. syria is a problem. and washington has come here, basically, hoping there hoping there might be some degree of fl

secretary kerry met with president clinton is so cheap -- secretary kerry met with sochi.nt putin in success becomes a function of what we can do. what we can do for the rest of the world. to help others and to prove some of the price success can blend into success for the future for others. mark: despite a recent bond selloff, grosses about to prove that it is not about the size of your fund but the legacy you leave behind. lisa, good to see you. -- gross is about to prove that it is not about the size of your fund but the legacy leave behind. lisa: seeing his kids on the soccer field. honestly, the take away is that he is moving on to the next phase of his life where he is trying to establish something that is greater than himself or his track record. and moving to something more humid. more h mark: we have seen him at pimco, thenuman. lisa: there has been a shift to unconstrained funds. as investors start to think, this 30 year bull market bond is ending. what does it mean if you cannot get solid 8% returns annually by just investing in regular bonds? of those days, for most peopl

laura: secretary kerry noted his serious conversation.s it possible a meeting like that can affect change down the road, even if it does not look like it on the surface? >> it is viable to keep open that line of communication open. at the end of the day, to resolve the situation in ukraine and allowing that country to return to normalcy, russia has to be part of that settlement. russia has too many levers to disrupt ukraine. keeping that channel open is important, but we have to get to the point to where the russians want to find a settlement, and use that to open broader discussions bringing russia out of its isolation. the key is on russia changing policy. laura: thank you for joining us. thailand has called a meeting to address the recent surge of migrants from bangladesh and myanmar. 1600 immigrants arrived in malaysia and indonesia. these countries are now touting boats away. our reporters in southern thailand monitoring the flow of migrants. >> we know why people are appearing here and in parts of and in parts of indonesia. after ye

kerry washington!erry washington! [ cheers and applause ] ♪ ♪ ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] ♪ my mom works at ge. ♪ with jolly rancher filled gummy bites? not today. bites. little greatness. what made you switch to i, for me,breakfast? i personally think that all the breakfast sandwiches are the same. but this is an a.m. crunchwrap. what really sets it off is i have a hashbrown in here. i'm c.j. and i'm a breakfast defector! ♪ [bong!] padvil pm gives you the healingu at nsleep you need, it. helping you fall asleep and stay asleep so your body can heal as you rest. advil pm. for a healing night's sleep. with all top ten appliance brands.on ♪ like kenmore, t

secretary of state john kerry is traveling to russia.mir putin and other officials to discuss issues including iran, syria, and ukraine. china central bank cut interest rates for the third time in six months in an effort to jumpstart the economy. we will take a look at how the markets reacted to the move. and the new saudi king is skipping this week's summit for persian gulf countries at camp david. the saudi's are concerned the united states is being too accommodating towards iran. years, first time in two u.s. secretary of state john kerry and russian president vladimir putin will meet. president putin will welcome kerry in sochi. john, let me begin with you. what is at stake here? as we mentioned, this will be the first time they have had a face-to-face meeting. john: i think more than anything else, there are a lot of tensions between the two sides here, and this eating, even if it does not accomplish a lot substantively, maybe you can cool things off and make sure things do not get out of troll. i am not optimistic that there could

kerry says he's deeply concerned about the humanitarian situation. kerry spoke during a visit to djibouti before he left for riyadh. >> the situation is getting more dire by the day. we are concern beside that. we urged all sides, anybody involved to comply with the humanitarian law, and to take every precaution to keep civilians out of the line of fire out of harm's way, as well as to provide the opportunity for humanitarian assistance to be delivered >>> the u.s. secretary of state john kerry is now in the saudi arabia capital riyadh to discuss the conflict in yemen. let's go distraght to mohammed val with the latest. he's in the saudi capital. a call for a pause in the fighting, how likely is that to be received in riyadh. >> it is interesting that at the time john kerry is coming to call for the ceasefire. the government has sent that letter to the united nations security council asking for ground invasion in yemen to protect civilians and also to force the houthis to comply to the resolutions of the united nations security council. we have two t

kerry has, until now, only seen lavrov.y have seen each other frequently and the meetings have not been very productive. he is going to sit down with proven. the signaling his they must have something they want to get done. the message from the russian and american side is very different. from the russian side, it is the americans have finally come around and realized they need to stabilize things. we shall gain -- deign to speak to kerr from they americans, we are going to remind the russians to be. a civilized country, remind them of the minsk framework on ukraine, remind them to keep cooperating. i still think there is a big chasm between the sides. i do not expect a clear take away. katty: as john carraway -- john kerry is leaving for russia, the foreign minister in russia says this crisis is provoked by the united states. they are still setting up that line. what can they come up with? you are talking about the prospect of something concrete. matthew: if anything needs to be on the table tomorrow, it is the writing on

kerrie and i had prayed in the car several times.in a much better place. you know that brings me a lot of comfort knowing that. >> tony you started the police baseball force that kerrie was a coach for i'm interested in knowing what she was like off duty. >> that's the funny thing about kerrie she was the same off duty as she was on duty. i mean just absolutely tremendously caring woman, professional but more than anything i mean helped us build those bridges and those relationships between us and the community we serve. she was a huge ambassador if our program we started in 2009 with baseball. we started soccer kerrie was part of we started in 2005. this year we were super excited. every time baseball would come around there was no question that kerrie was going to be there for us. she loved our kids. in fact two days before this tragic incident you know, we were talking about baseball and how some of her kids now were too old to play. and she was very disappointed by that. and, you know what we want to build with our baseball progr

step. >> kerry also met his russian counterpart, sergei lever rob.vents in ukraine dominated the agenda, of course, but they also covered iran's nuclear program and the conflict in syria. the two also took time to remember the soviet sacrifice that led to victory over the nazis severed the -- 70 years ago. russian leaders had been kept away from this victory day commemoration's in protest of moscow in ukraine. >> after tuesday's talks, they held a joint press conference. we will go to our correspondent at the talks first. this one john kerry, who praised his host for the goat -- cooperation with the run of the nuclear program and efforts to bring peace to syria. >> there is an urgent need, we agree, for that same kind of cooperation that brought about the removal of weapons from syria, chemical weapons, that has characterized our cooperation on iran, the same kind of effort is now necessary in some other challenges that we face together. >> that was john kerry just moments ago in sochi. let's go live to moscow and our correspondent there. aaron, we j

kerry will meet with the yemen president. cnn's nick paton walsh is monitoring the developments from beirut this morning. >> reporter: christine, $68 million in humanitarian aid pledged by the u.s. how do you get that aid in? a lot of it sat in the neighboring port across the african coast. where many people tried to land aid, the runway in sanaa, has been hit by air strikes. the highway that was doubling as a back up runway was hit. how do you stop the violence and how do you get the aid into the country? it is the ports that are heavily fought over right now and an estimated 50 people according to the government killed when they tried to flee the port city of aden yesterday. unclear precisely what happened. we are talking about a conflict the humanitarian aspect which is worsening day by day. a plea now from that international government of the president for a u.n. force of intervention. they wrote to the united nations asked for a land force. unclear who would make it up or who would provide troops to interject some stabil

that's what kerry has come here to discuss on that issue and finally we get to ukraine.ther area where the united states and are such shadow not see eye to eye on. both sides of this are upholding the minsk ceasefire but both sides accusing their allies of pro-russian separatists for moscow and ukrainian government for the united states both sides accusing their allies of breaking that ceasefire. so for the americans this is a chance for them to keep the channels of negotiation open to see what amount of flexibility there is here in russia not necessarily to reach any firm resolution on any of these issues. it's just a chance to talk to the man at the top who is making russia's foreign policy decisions. >> indeed a lot to talk about and rory challenge reporting from sochi. ahead europe seeks u.n. approval to strike human traffickers in libya and concerns over greece as it continues and athens admits it will run out of cash in two weeks. ♪ >> "inside story" takes you beyond the headlines, beyond the quick cuts, beyond the sound bites. we're giving you a deeper dive into t

we see secretary john kerry in moscow right now meeting with putin.ere a sense -- do you get a sense that russia will cooperate with the united states in this fight against isis in. >> sometimes. we have a mixed relationship with russia as you know. when it's in their best interest yes, they will cooperate. we saw with -- remember the boston bombers from the marathon there were some exchanges going back and forth on that not nearly what we needed. but they were in a cooperative mood. >> were or were not? >> well they were i think. what you have to remember is they have their own problems with terrorism. if you look at the terrorist attacks that they have in russia they have the check kneeian issue there and very radical islamics there who have the same view towards russia as isis does towards other western countries. >> can kerry reset this relationship between the united states and russia? now for the first time in years, putin actually received a high level american in russia. >> i wouldn't -- look this is a heavy lift. a very heavy lift for john ke

the reason secretary kerry was injured?experts on his team but his own personal relationship with the iranian foreign minister that has been key and critical in talks up until now. so for a man of secretary kerry's age, of an injury of this type in the femur, recovery is often slow. secretary kerry has said that he will not be going to madrid obviously, not going to those important isis talks in paris on tuesday, but he does attend -- he does hope to attend them remotely is what the state department is saying. the iranian talks, that's another question. randi? >> nic robertson, thank you very much. as nic mentioned, is he can tarier can very a key figure in nuclear talks with iran. how could his injury possibly affect those talks? let me bring in aaron david miller, a vice president at the woodrow wilson center and a well-known middle east analyst who has advised several secretaries of state on international negotiations. he joins me now via skype from new york. let me ask you this, let me start with how important john kerr

secretary of state john kerry is in riyadh meeting with yemen's president.s expected to push the saudis for a pause in air strikes to allow in aid. we have more on the situation inside yemen. >> reporter: for thousands trapped in aden the sea is the only way out. they have been caught in the battle for the southern port city. the residents are terrified. >> the condition is rockets, bombing, random shelling on the houses. no electricity, no water. >> they shoulder responsibilities or be set aside. >> many are confined in their homes. others are on the move looking for a way out. boats like this have become the only hope of survival. they have become dangerous. on wednesday, one of the boat was shelled by houthi rebels killing dozens of people. the district is important. it's not far from the city sport. the area is vital for control. the houthis and forces loyal to former president salah remain powerful here. in the province the fight is equally hard. forces loyal to the president are putting on the fight. most of the city was destroyed. houthis and their al

nancy, kerry thank you so much.applause] >> on friday, president pay tribute to law enforcement officers who lost their lives in the line of duty in 2014. in 1962, president kennedy claimed may 15 as national peace officers' memorial day. [applause] president obama: thank you. thank you so much. please, be seated. thank you, chuck, for that kind introduction. for your years of proud service, not only as a police officer but all of the advocacy you do on behalf of the families. i want to thank the entire fraternal order of police and its leadership, including jim pascoe and linda henney for everything you do to support those who protect and serve. let me also say, as we gather here today, our prayers remain with the families of our marines and two nepalese soldiers, now that the wreckage of their helicopter has been found in a remote part of nepal. they went to that remote land to help people who suffered devastating losses and the terrible earthquake. they represent a truth that guides our work around the world. whe

secretary of state john kerry is in the hospital.s leg in a bicycling accident near the french and swiss border. this is video of secretary kerry from a couple of months ago cycling. a spokesman for kerry told cnn he is in stable condition, did not lose consciousness. we will have a live report at the top of the how are you. >>> a muslim mother's claim she was discriminated on a flight to washington. she says a flight attendant refused to give her an unopened can of coke but the same flight attendant handed an unopened can of beer to another passenger. when she asked about it, the flight attendant said she might use the can as a weapon. she said he was humiliated and left in tears on facebook. joining us is joey jackson. when you look at this, the first thing you think is, first of all, could she sue for discrimination and what would very to have compiled, what evidence would she need to get this case going? good morning to you. the reality it comes down to what your damages would be. absolutely, she can sue. then, of course a measur

john kerry is due to meet vladimir putin? the russian resort city of sochi.first visit there since the start of the you rain crisis crisis. now to something dull and boring that's the description of the budget being announced by australia's government. trying to cut a big deficit despite a weak aussie dollar. all that is threaten to go recognize australia's reputation for having an enviable he don my cain has more from sydney. >> reporter: in these times of economic uncertainty the australian government is looking to get its house in order to do that it wants to boost dome any spends to go stimulate an economy that's been focused on exports. >> this government has to bala justing revenues. and restoring the budget to surplus. >> reporter: one of the features of the budget is a new childcare package that the government believes will encourage parents to go back to work. including a trial program to subsidize nanis for couples liar shauna and cory who jug the shift work and caring for children is welcomed news. >> finding childcare is impossible. we have to rel

what is kerry's agenda on the visit?th discussing arrangements for the president's visit to the u.s. later in the year. but in china he made it clear that the u.s. supports china's efforts to establish de facto control of the region, that project has created a lot of tensions with countries like the philippines and vietnam. and kerry said on saturday that should try tou.s. conduct what it calls smart diplomacy to address this issue expressing clear opposition to china austria's project to build military outposts in the south china sea. angie: sam, this is kerry's first trip to korea in 16 months. what are some of the issues he is expected to address? sam: this trip to south korea after northa week korea said it had test fired a missile from a submarine. this is the first time the military has ever made such a claim. and it compounds the tension between north korea and the u.s. because it means north korea has a new means of threatening, to threaten the cap middle u.s.. -- continental u.s. continental u.s. as well as mili

discussions with john kerry before john kerry then went into meetings with vladimir putin. so lav love came out of the discussion and says that yes they had talked about ukraine, that was one of the big topics of this meeting here and i can go through the lines that basically lavrov and kerry agree that there was no alternative really, to a political settlement in ukraine that both sides were saying that the minsk protocols were the only real solution to what was happening in ukraine. but that russia wants comprehensive constitutional reform. essentially, giving increased powers to the eastern sections of the country that have been brought by civil war. and said that yes russia was ready for cooperation, with the united states. but only on an equal bases where there was no two e, from coming from washington and that russia can't be held responsibility, for the current crisis, in relations with washington, in essence as washington that is at fault for that. >> and do we know when we are likely to hear this news conference? who presume sergei lavrov. >> well, we have been wai

you have become famous forcing the two john kerry and often sitting next to foreign minister for reid who was at this table a week ago and is someone you knew at m.i.t. when you are students. ernest: we overlapped at m.i.t. and did meet subsequently in vienna when he was heading the iaea delegation for iran. as students, we did not know each other but i can assure you we did not have the substantive discussions that we've had for 30 or 40 hours one on one in switzerland. charlie: tell me what your role is. ernest: i would say more on the side of the iranian negotiators initially that i think to reach an agreement that involved significant limits on the nuclear program that he was running and he was the foreign minister himself before that they felt without having the team of the foreign minister and the head of their nuclear organization there would make sense to stop -- that would make sense. so much of the agreement requires trade-offs among technical dimensions centrifuges and stockpiles of uranium. then i was asked to join john kerry and be a principal negotiator and i think it wo

john kerry used the word a big agenda there between the united states and its arab gulf allies to be discussed there in the united states in the next few days when they meet with president barack obama, including security -- guarantees of security commits there. hu commitments they talked about as the foreign minister gave a few explanations there, saying that the two countries are on the same page with regard to the long-discussed missile defense system that the united states have been trying to convince the saudis and the gulf countries to accept to have on their territory. now it seems that that defense system is going to -- to happen because the two men are on the same page and they have big concerns towards iran big concerns towards any groups that john kerry described, predator groups that are trying to destabilize the region. >> let us talk about what john kerry said. you alluded to it there, they were going to give the houthis some time to get the message -- message -- -- so john kerry said he is going to talk to iran and ask iran to tell the houthis to stop all of this. >> t

then kerry and lavrov are going to be going in to a two-hour meeting.ll be in there for about two howard after that that's when beget the big one the meeting between kerry and putin at vladimir putin's private sochi residence which is somewhere nestled in the trees behind me towards the black sea. what will they be talking about? three big issues of contemporary gio politics all different different levels of u.s. russian cooperation. >> rory challands reporting live from sochi, thanks for that. >>> the u.s. says saudi arabia's king has expressed regret for not being able to attends a summit of gulf leaders hosted by the u.s. the son will be attending instead. the king of ba bahrain has did he complained also. the white house dismiss the suggestions that the king's absence from the sum sit a diplomatic snub. >> there has been no concern raised by our saudi partners. either before the change in travel plans or after. related to the agenda at camp david. so i know that there a have been some speculation that this change in travel plans was an attempt to se

john kerry is in russia for his first meeting with putin. guy: a muted outlook sends shares sharply lower. good morning. welcome to "the pulse" live in london. i'm guy johnson. francine: i'm francine lacqua. greek officials have persuaded german light creditors they are serious about delivering the. guy: even though both sides have had their "redlines," there was common ground. let's get to tom. >> red lines by necessity are inflexible. but there is common ground. francine: let's go straight to tom in brussels. there's still a very tight timeline. do we have a more positive tone? tom: yes. we are looking at the timeline of six weeks. but there has been this rapprochement after the acrimonious meeting they had in riga three weeks ago. the euro group coming out with a statement saying they are seeing positive intent from the greeks. no details on the policies. though there was a little bit of detail from the european commissioner of economic and financial affairs, who said there had been son movement on vap, some movement on the management of

secretary of state john kerry. let's look at our headlines. the key iraqi city of ramadi falls to the islamic state group. the militants' biggest victory in months. burundi braces itself for protests again today after last week's failed to against the president. and the european union get set you back plans for an ambitious naval port to fight people smugglers in the mediterranean. time for business news with stephen carroll stephen: hi genie. genie: let's look at the latest twist in the french rogue trader jerome kerviel. stephen: he was jailed for causing almost 5 billion euros worth of losses when he worked as a citation around. he is making the case to have the charges thrown out. a police inspector who led the investigation said she is certain that management at sociÉtÉ generale knew what he was doing. the bank has denied. reporter: it was the biggest trading loss in banking history. 4.9 billion euros. the bank has insisted that the trader acted alone, making illicit bets for as much as 50 billion euros and covering them up and while admi

now the white house says kerry can negotiate while he recovers. but if surgery is irared it might inhibit those plans. >> glor: margaret brennan thank you very much. >> an with more on the negotiations for a final nuclear deal with iran elizabeth palmer is in tehran. >> reporter: before secretary kerry had his accident, de meet with iran's foreign minister jawad zarif to discuss the outstanding issues of there with two big ones. the iranians want all sanctions to be lifted immediately once the deal is done and the u.s. wants a phased in approach. the second one is the amount of access if any the international inspectors will have to iran's military sites to make sure they're not making bombs. iran's supreme leader has said no outsiders are going to be setting foot on those military bases am even though there are two big obstacles, both sides said they will keep talking and they still hope to have a deal by the end of june. elizabeth palmer cbs news tehran. >> glor: qatar has agreed to extend the travel ban on five men released from guantanamo last

a doctor and paramedic were with kerry's motorcade when it happened. he was then felony to geneva. >>> a major story unfolding, congress has until midnight to renew the patriot act. republican majority leader mitch mcconnell called senate back into question. this is an attempt to pass a bill before it expired. it's not clear whether he has enough support yet. a revised bill called the freedom act could be the answer. it preserves, counter-terrorism, prevent nsa from collecting marianne phone record. republican rand paul said even if enough senators support it he plans to delay the bill past the deadline. maryland senator supporting it. president obama says he supports it at as well. "as technology and these change, congress must be able to exercise this type of oversight to ensure our lawyers are not outpaced by the times." >>> sad news, vice president joe biden's son beau biden has lost his battle with brain cancer. >> my friend my father, my hero, the next vice president of the united states, joe biden. >>> now, beau biden died last night. he was dia

it is it just a coincidence that it comes on a day when john kerry is in saudi arabia and we've seen the escalating violence in yemen itself? >> barbara, we don't know if it is a coincidence or designed that kerry is asking for something quite contrary to the spirit of that letter by the yemeni authorities allowing the humanitarian aid to be channeled to those in need. as we saw the report from djibouti. we've seen an escalation in the war. this war has been going on for more than six weeks now. and there have been definite goals of the from the saudis, forcing them to come to the negotiation table and reversing the coup they have staged a few months ago. none of those goals have been achieved so far. it's quite contrary to what saudi arabia has been planning for, and now the airstrikes cannot be as decisive as they thought to be and cannot bring about the results they needed. now saudi arabia needs a new strategy and the government of yemen, particularly after the killing of those scores of civilians today so we have two that are asking for a cease-fire and asking for more war. and

i was asked to join john kerry to be a principal negotiate with mr. ismr. salahi. both sides had good functional teams and we could manage the technical discussions. we both had this m.i.t. background and very soon got into a problem solving mode and hopefully that shows with the scope and the specificity of what we were able to negotiate. >> rose: is it sometimes one on one just the two of you? >> many, many times. >> rose: and what are you trying to get at the two of you? >> well again, there is many tradeoffs. a perfective is i think the way i look at it, at least, and i think the way we the administration looks at it, the agreement, it would be that, look, the goal here is in the very long term -- and we're talking decades -- is to hopefully is established confidence in the international community that iran is, in fact pursuing a peaceful program of nuclear power and nuclear facilities. however, that confidence is frankly not there today. the degree of sanctioning would be a manifestation of that and so clearly we start out with a very strong set of restriction

we will look at that and the rest of john kerry's asia trip. of this when "first up" returns. ♪ is 7:38 -- 7:30 here in hong kong. it is looking like a great day. hot and humid here in hong kong. we are 30 minutes away from the open of trading in australia, tv, on yourn your mobile, and online, you are watching "first up." top stories this hour -- , rio a two-year impact tinto and mongolia have signed an agreement to proceed with an expansion of the tolgoi coppermine. the company says out -- outstanding issues have been addressed. it had been stalled over taxes and cost overruns. a partial victory over samsung and one of its many patent cases around the world, finding samsung did use patent and designs. claimeld most of apple's but overturned one ruling that could reduce the final settlement. apple and sam's i have another case waiting to be heard by the u.s. court of appeals. -- samsung have another case waiting to be overheard -- to be heard by the u.s. court of appeals. ofbaba is being accused counterfeit goods. this comes nine months after

we were just listening to john kerry speak about his discussions. he mentioned was there is no substitute for talking directly to key decision-makers. it begs the question, when will president obama meet with the russian president vladimir putin? can someone it if that might be a question they get at the conclusion of the opening comments from secretary of state kerry and with the foreign minister, but you raise a good question and it is interesting just to hear the fact that john kerry is making these comments, critical comments about what is happening though in ukraine on russian soil. few met a lot over the last years but this is the first meeting on russian style, the first for john kerry to meet directly with vladimir putin. that clearly lasted longer than originally intended. they clearly disagree on a range of things. if there were news to come out of this, it may be the willingness to work together, perhaps towards trying to reach a political solution in syria. maybe just a little bit of wiggle room there. some potential for working together

secretary of state john kerry announced that it will not shut down for now. what are the fears about the camp? >> there are a number of fears. it's a remarkable situation. it's very difficult from a humanitarian perupsetive and from a cross-border security perspective, and the environment where organizations like al-shabab can infiltrate radicalize them and call them into the ranks. to the extent you have the camp, it's a concern. if you don't have it there, there's no way to provide the services and care and protection that the refugees need. look the best solution is for there to be stability and a functioning economy, and strong institutions in somali. it's unlikely we'll receive those things in the near term to allow camps to be shut down. when you talk about sevility in the region how do you see the u.s. role going forward, especially the relationship with somali? >> the relationship with somali is important. we are able to offer diplomatic cover and support and carry the water. it's important in terms of the development institutions the creation of infr

. >> so there we have the saudi foreign minister standing alongside john kerry. the saudi foreign minister saying ceasefire 11:00 pm on the 12th of may, and as we go to mohamed vall my colleague in the saudi capitol riyadh who was listening to that and also the press conference being given by the saudi coalition spokesman, do you notice a major change in different directions one on the ceasefire, and another in terms of the intensity of the bombardment? >> reporter: yeah, quite so yeah. i noticed. at the same time in paris we listened to the two foreign ministers of the u.s. and saudi arabia reiterating that this is this window of opportunity, there is this ceasefire coming up on may 12th. there is a lot of ifs. the word if has been used several times there. and also on the other hand the brigadier general spokesman of the coalition has used very strong words that caught my attention during his presser. he said we are about to have a ceasefire, but the houthis should know the punishment will be tough in the next two days. so there will be a ceasefire, but between

it's kerry's first visit to rush since the start of the ukraine crisis.ran and syria are also on the agenda. let's go live to rory challands. could there be a break through in this meeting? or at least the beginning of a thaw in u.s. russia relations? >> reporter: well never say never, stephanie. there are people in russia who have been musing in the last couple of days for john kerry to come all the way over to russia maybe he is bringing a softer stance towards russia. but they are treating this more as an opportunity to keep the channels of communication open. a chance to talk to the boss the guy who makes all of russia's foreign policy decisions, really. because there are lots and lots of issues that divide these two countries. only one, really that unified them at the moment. >> what specifically is on the agenda? and are you expecting some sort of a news conference at the end of this meeting? >> reporter: yes, we are expecting a news con fresz about 7:00 in the evening local time. that's about an hour and a half. it depends on how long this meeting

john kerry the highest-ranking u.s.fficial to meet with vladimir putin in russia in more than two years. he was the last to do it in 2013 just before the edward snowden situation blew up and snowden landed in russia. this is a test, if you will, to see if the lines of the medication between the u.s. and russia can be improved amid continuing tensions particularly over ukraine. whether or not there can be some way to foster a more sustainable peace in ukraine, and maybe the sleeper issue is syria, to see if there is the possibility of greater cooperation between the u.s. and russia, trying to end the syrian civil war, and particularly, russian support for bashar al-assad. brendan: so the meeting is happening because it has been a while and it is awkward if we wait longer? peter: that is about right. russia has said it is to normalize relations. the u.s. is not going that far. the state department says it is a chance to keep open the line of communications so a distinction there. it was not a very conciliatory message in

as we all know kerry is a big outdoor man. he was famous for the wind surfing pictures back in the 2004 election. he is said to be in good spirits right now but he does regret missing these upcoming meetings. guys? >> katy tur in london for us. thank you. >>> turning now to the severe weather, which has been wreaking havoc across the plains. heavy storms once again in texas on saturday triggering more flooding, and left thousands without power. janet shamlian joins us this morning from wimberley, texas. good morning. >> good morning. texas has not been able to catch a break but it may finally be coming. that's because most of the rivers that were being watched have now crested. and while as you said, there was very heavy rain in houston last night, for most of the area, and mo de. it came after a week of record-breaking flooding from houston, to dallas, to hart-hit wimberley. where on saturday the community was overwhelmed when 1500 volunteers, most with no ties to the community turned up to help. >> it's all walks of life all

kerry said they should conduct smart diplomacy.ged china to take actions to join everyone in the region to reduce tensions and find diplomatic solutions. the president said they can both work in the ocean, as it is big enough for both countries. pax malaysia initiated high-level talks in an attempt to address the growing migration crisis. many are thought to be stranded at sea after a crackdown on human traffickers. this is becoming predictable for the country and the people they are trying to reach. >> a difficult crisis. some call it an emergency situation. thousands stranded at sea. the u.n. warning against flowing coffins. they have been leaving in boats trapped at sea. that is because they have abandoned the human cargo due to a crackdown. we talk about thousands more from bangladesh. they landed in malaysia indonesia, and thailand. the situation is indeed dire. no country will take them in. malaysia has rallied its neighbors to engage them to come up with a solution. malaysia is especially concerned because it is hosting 45,0