eu finance ministers gather in riga latvia.er the future of cuba amidst a complex latin american calculus. shannon o'neil joins us from the council on foreign relations. now what for brian roberts and comcast? this is bloomberg "surveillance," live from our world headquarters. friday, a pattani for. -- a pattani for. -- april 24. i am tom keene. top headlines. here's olivia. olivia: this was supposed to be the crucial meeting for greece and european countries who hold the purse strings. meeting in riga and growing more frustrated with greek prime minister alexis tsipras. tsipras was supposed to come up with economic reforms needed to unlock $7 billion in bailout money. minister say they are still wide differences. the eu economic commissioner talked about what he hopes to hear. >> the overall issue is about the review of the present program. reforms that can change the face of the greek economy.

alix: hans nichols reporting from riga latvia.'m joined by the chairman and ceo of greylock capital, which owns greek debt. what are you doing with that debt right now? >> it's incredibly cheap. we are looking at yields of 13% compared to the other opportunities in the market is pretty attractive if you don't see there will be a default in the private sector bonds, which is almost impossible. my reaction to that is amusing that they spent whole imf meetings issuing statements to dampen expectations around this meeting in latvia, and then they turn around and say they are disappointed in the content. we knew there wasn't going to be any content, and probably what came to the surface here is some of the personal tension. it doesn't take a lot to make some of these finance ministers look drab. yanis varoufakis certainly does that. he is an academic coming into a politician's finance minister enclave, and he doesn't have the background to present the kind of things they are used to seeing. alix: if the greek debt is only a risk if you

hans nichols is in latvia. hans let's start with you.was telling us about european finance ministers hurling abuse at varoufakis, calling him an amateur, a gambler, a time waster. what did varoufakis not do at this summit? hanis: he did not provide specifics as he was supposed to. he did not appear to grasp the gravity of the situation. the difference between where the euro great -- eurogroup once greece to go and where they are. talking to finance ministers after the meeting, we caught up with the economy minister of spain. he said the next move is up to greece. >> there is a certain sense of frustration with respect to [indiscernible] we need to take advantage of the limited time we have available over the next days and that everybody wants to reach an agreement, but now the ball is on the camp of [indiscernible] hans: it is still an open question on whether or not greece understands what they need to do, at least in the minds of eurozone officials. this was 18 against one. it was described as a hammering against yanis varoufakis. mr.

finance ministers gather in riga latvia as greek bonds find a bid.tary distortion. ed of evercore partners site -- isi. hong kong and the shanghai banking corporation must choose between london and hong kong. this is bloomberg "surveillance." live from new york. friday, april 24. i am tom keene. joining me, brendan greeley and olivia sterns. olivia: this was supposed to be the crucial meeting for greece as european countries who hold the purse strings finance ministers are meeting in riga latvia. growing more frustrated with greek prime minister alexis tsipras. tsipras was supposed to come up with economic reforms. if there is not an agreement soon greece might have to default on debts. tother european officials say greece will not come up with a list

telling american officers you may not send any more troops to baltic nations of let latvia, they are telling us what we can't do in nato member states and even threatening us with nukes putin is working us like the iranians are working us. lou: colonel ralph peters thank you. >> thank you. lou: vote on the poll, question do you think on occasion our government should seek to address the issues of problem that matter most to middle class men and women. lockheed-martin showing off. the most fascinating part of the fighter jet the helmet for the pilot, protecting his head, and allowing him to have x-ray vision there are cameras embedded in the aircraft. and projectors in the helmet, each one costs more thans there are 400,000. >> up next, new fox news poll, that shows a new leader among the likely candidates for president. >> and a tennessee police officer, putting his life on the line to save the lives of others his dramatic, act next. stay with us. many people clean their dentures with toothpaste or plain water. and even though their dentures look clean, in reality they're not. if a d

he discussed the future of estonia, latvia and lithuania the three baltic states.and there was -- he, he was bent on influencing stalin to the greatest extent he could. he thought that, of course, roosevelt didn't think he was going to die. he thought that in another ten or twenty years he was going to be able to sort of tame stalin and make him a more responsible person. but in the meantime, he wasn't about to throw over the united nations for the sake of lithuania, latvia and estonia. he believed that countries had to run their own affairs. and after all, those three countries had belonged to russia before world war i. i mean, you can't, you can't -- he was a very tough man, and he did a great deal of evil, but all roosevelt could do was harness him and hopefully change him. and he made small changes, as i said. stalin opened the churches only because of fdr. i mean, that is something that is totally amazing, and most people don't know it. and it's not even, it's not acknowledged today. and by the way, kathleen hairman went to an easter service and she couldn't r

do you know estonia, lithuania, lot be a -- latvia?es we have in understanding the complexities of europe. we are honored to bring you valdis dombrovskis of the european commission. with vladimir putin speaking in russia he is going through his annual event with the russian people. give us an update on the relationship of the baltic states to mr. putin and his russia. valdis: good morning. baltic states relations with russia have been quite obligated. since russia's aggression against ukraine, fueling worries about security inside the region. we are working closely with our nato partners and seeing increased nato troops presence in baltic states to partially boost our security. tom: i need to go back to new york city. here's olivia sterns with goldman sachs earnings announcements. olivia: a big beat for lloyd blank five. first quarter earnings coming in at $5.24. well ahead of estimates. we have an expert on set. scarlet: fixed revenue, $3.13 billion in revenue. the consensus was for an increase of $2.9 billion. equities revenue also i

that is how euro finance ministers described the greek finance minister in talks at latvia. he also made clear that greece cannot take any shortcuts to get additional aid. >> it was a very critical discussion. we came to an agreement to months ago and today, we had hoped to hear a possibly result agreement on which we could take a decision and we are still far from that. emily? your he is speaking up after that meeting. cracks we would have had a>> in any case it is our view that we have no right not to achieve these agreements. emily: the chancellor is calling for calm after that meeting. and boosting -- seeing strong demand. people with direct knowledge say samsung has started production at a third factory allowing samsung to double its output of curved screens. they had not planned on starting production until june. the times are changing for apple as the company's first entirely new product in five years. the apple watch goes on sale today. some customers who pre-ordered their device may find a watch in their mailbox. it is hard to find if you did not preorder it. apple

it was carrying 32 people from ukraine and latvia. officials at a local branch of the russian emergency administration says drifting ice may have hit the vessel. also there may have been a way with a problem the way the cargo fish were loaded. >>> working overtime to clinch a program for nuclear. laurent fabius says they're a few centimeters from the finishing line but those are the hardest. he says the iranians must reach a compromise for an agreement that would prevent them from developing nuclear weapons. the talks spring together diplomats from iran. they met with closed doors through the early morning hours of thursday. they extended the marathon talking for a second day beyond the initial deadline. john kerry and mohammed javad zarif are among those that stayed on. the plan is to get them out of deflation and back on the right track. and we are here with gene on the latest survey on how their feeling. >>> they're not feeling too much. many japanese firms are reporting that prices will rise at a slower pace than the bank's inflat

most affected by this are eastern europe former soviet countries, estonia, latvia lithuania, poland,ungary, and bulgaria. the investigation into gazprom has been going on for more than two years, but with diplomatidc relations artie strained between russia and the eu over the crisis in the ukraine, previous commissioners have held up fearing a gas cut off from moscow in response. gazprom supplies about 1/3 of europe's gas and half of that goes through pipelines crossing ukraine. the company will have 12 weeks to respond. if the charges are upheld, brussels has the power to fine the russian giant of 210% of its $100 billion global turnover, -- the russian giant up to 10% of its $100 billion global turnover. stephen: the government tells all local agencies and governments to move their funds to the central bank as talks with greece's international lenders to release about 7 billion euros of its bailouts stalled. prime minister alexis tsipras needs the cash to pay public-sector salaries and pensions. 770 million euro payment to the imf is also looming on may 12. let's check in on what i

there's little hope of a breakthrough at the meeting of eurozone finance ministers this friday in latvia. >> how is this continued uncertainty over greece hitting european markets? >> investors have decided to keep the earnings of the last few weeks. great numbers were nowhere to be seen for the most part of the day. the greek crisis is hitting stocks as uncertainty rises. how much money does greece have an how long? what are eurozone finance ministers going to decide next friday? the latest news confirmed there will not be a list presented to them, and everyone wants to know if they will extend aid to greece in exchange for essentially nothing. on the other hand, the eu's legal actions against russian energy giant gazprom are also a cause for concern. this will certainly affect relations between russia and the west, thus concerning investors. >> here come the market numbers starting in frankfurt with the dax, which was down by more than .5% on the day. the euro stoxx 50, the pan-european index, up ever so slightly. the dow jones industrial average in new york -- they are still trading t

. >> it seems unlikely they will get around to enjoy latvia as greece continues to test its neighbors' dwindling patientsce. >> for more on how eu finance ministers reacted to athens' failure to come up with credible reforms, we trust over to our correspondent who sent us this. >> after tough talks, finance ministers today slammed the door on a request from greece for early cash in return for partial reforms. instead, it was the greek finance minister who came under some real fire from his peers being called an amateur and apparently even a gambler. he tried to downplay these differences, emphasizing that from his perspective the glass is half-full and heaping's a deal can be done. the next meeting, finance ministers will be in brussels on may 11 but many doubt that greece will be able to come up with a credible reform plan. until then, not to speak of a spectacular u-turn that it would probably require. >> and that is good -- how did the news go down with equities traders echo we have this from the frankfurt stock exchange. >> the news coming out of the finance ministers meeting sobe

remember, last week, negotiations in latvia to find a solution to greece's baylor problem failed to produceesults. the two sides on meet face-to-face in brussels on wednesday. prime minister alexis tsipras was upbeat while speaking to greek television overnight in his first major tv interview since he elected in january. he said he expects a deal by may 9 before the scheduled payment of 750 million euros due to the imf. take a listen. prime minister tsipras: i believe we are close to a deal. i believe if no one wants to undermine or to pedal the negotiation, we are close to an excepted package. now that we have reached the final stretch, we have found that we need to reshuffle team because we need to have full control and be as efficient as possible. we are at a critical stage, the final stage. kate: that re-shuffle he referred to appears to be reducing the parents of outspoken finance minister canister caucus -- finance minister yanis varoufakis. while publicly the greek government still report -- still supports them, he is giving his role as finance, they have a new policy negotiating tea

many will be looking at latvia what may or may not be said talking about greece. market will digest this? guest: i think greece is a cease all. i think the market is largely ignoring that. i don't think they expect a deal today. i disagree with what the eurozone and ecb is saying, that the greek fact is priced in. i think if it were to happen there would be a disastrous effect on the european stock markets. i think as we get closer to the real headline in june, we will see significant volatility and more urgency to do a deal. caroline: we have heard reports, great stories on bloomberg talking about money being withdrawn from germany at the moment, people feeling the rally has gone too far. what are you looking at in terms of the various sectors. arnie overpriced, overvalued? what is the sentiment? guest: i think the money coming out of germany is largely profit-taking. i think german markets have had a fantastic run, but it still competitive. i think anything in the german market, the automobiles will do fantastic, any manufacturing sector the pharmacy sector is d

the greek finance minister at talks in latvia today. he made clear that greece cannot make shortcuts to get additional aid. >> it was a very critical discussion. we came to an agreement two months ago and we hope to hear an agreement on which we could make a decision and we are still far from that. emily: varoufakis sees it differently though. here he is speaking to it afterwards. mr. varoufakis: otherwise we would have smoke coming out of the chimney. it is our view that we have no right to achieve this agreement. emily: in the meantime, a economists say that a greek default does not necessarily mean that the country would have to leave the euro. samsung has continued production of its curved displays after seeing strong sales for the galaxy edge. it will double its monthly output of curved screens to 5 million. it had not planned on starting production at the factory until june. now to our leads -- the times are changing for apple as the company's first entirely new product in five years, the apple watch, goes on sale today. customers

, but in the meantime, he wasn't about to throw over the united nations for the sake of lithuania latvia and estonia. he believed countries had to run their own affairs and those three countries had belonged to russia before world war i. i mean, you can't -- he was a very tough man and he did a great deal of evil, but all roosevelt could do was harness him and hopefully change him and he made small changes as i said. stalin opened the churches, only bus of fdr. that is something that is totally amazing and most people don't know it, and it's not even -- it's not acknowledged today. >> by the way catherine hrari massachusetts a in went to an eastern service and she couldn't raise her arms them church was so jammed that she cooperate raise her arms. they were packed in so closely. juster so, for the american opinion that was against yalta and complained about yalta and maybe continues today in some form what other arguments against what happened and how do you do them? >> i think it's basically an fdr sentiment which is -- an anti-fdr sentiment. i would characterize it as irrational. thank

in the meantime, the our area finance investors will meet in latvia friday to persuade greece to commito academic reform. outlining his turnaround plan, which includes launching a mobile app, dozing 350 restaurants, and remaking its marketing strategy. >> as a model company a customer experience, progressive is about doing what it takes to be the mcdonald's our customers expect tomorrow. >> 833% drop in first-quarter profit and 1110 drop in first-quarter sales. sales in the u.s. have dropped six straight quarters. boeing says deferred production costs are rising for its dreamliner. the costs rose 30% in the first quarter to nearly 27 they dollars or their a maker also posted negative cash flow and a 92% plunge in operating cash flow. profits actually rose 38% and sales were up 8%. in san francisco, nearly 30,000 security experts are in town for the security conference, one of the largest events in the world. among them, one of the foremost authorities on cyber security, general keith alexander am a retired four-star army general who served as the nsa director chief of -- and the first c

in estonia and latvia. this is russia's border.gain, you may say there's nothing dangerous about that. i'm telling you, this is the result of the cold war mentality. nato is seen as a threat. what the russians have said about ukraine, rightly or wrongly, is, we will not allow nato to be on our border in the southwest. will not allow. america did not allow the missiles. we will not allow this. that is the reaction. that is the way it is seen. you think nato is nothing, fine. [applause] garry: a couple points. one is about russian elite. you repeatedly said it. there is no russian elite making decisions. it is one man making decisions. this russian elite knows exactly where to put their keys, their money, their fortunes. all the way to the west, miami probably in this country as well. that is why the whole idea of the russian elite being afraid of the west is not true. they know they can be saved with their fortunes and the future generations here. then, i hear repeatedly that putin is very popular. i don't want to argue with you abo

greece came under fire from its european creditors at a meeting today in latvia.al leaders of the 19- country eurozone criticized athens for delaying financial reforms, with a deadline just days away. >> there are still wide differences to cover and to bridge on substance. we are all aware that time is running out. too much time has been lost in the past two months and it is therefore clear that these discussions need to make significantly more progress. >> woodruff: greece has to provide the list of reforms in order to receive another installment of bailout funds. ceremonies began today to mark the beginning of an iconic battle of world war one, at gallipoli in turkey. it started 100 years ago tomorrow. today, families of soldiers who fought in the british-led invasion gathered alongside world leaders to remember the 130,000 who died in the campaign. britain's prince charles and prince harry were among those on hand. back in this country, baltimore officials said police made serious mistakes in handling a man who died in custody. freddie gray passed away a week a

latvia just stood up a center of excellence of innovation warfare for nato because we've got to takehat part of the war just as seriously as what russia's doing on the ground to destabilize countries. jenna: in a recent article you wrote that the best deterrent to vladimir putin is more of a military presence in western europe. do you still believe that considering that this is seen as aggressive by the united states? they're innocent bystanders to this aggression? >> yeah. that's just pure propaganda. our goal ought to make and the next president ought to say how can we make russia irrelevant to us. if western europe is secure, russia really is irrelevant to us. so if we flood the market with energy, with crude oil and natural gas exports that marginalizes russia. if we put a stronger u.s. military presence there, that sends a message that we take our article v commitment seriously, the russians aren't going to start world war iii. if we build missile defenses, the russians aren't going to do anything about that. if we delegitimize them from western europe, they'll just beer relevan

take a look at this video shot in latvia.nance ministers of the eurozone gathered earlier today. take a look at the greeks, look, if they were isolated at the beginning of the meeting, boy, were they isolated by the end of it it's widely reported that during that three-hour closed-door session, the rest of europe accused the finance minister of being an amateur, time-wasting, gambler, back-tracker on commitments, a lot of smaller countries are angry that greece could cause them financial turmoil. i don't know where that leaves the negotiations, but certainly it was tense today in riga. >>> top gainer, one of the top gainers, electro lux, swedish appliance maker is saying it thinks it can get another $50 million of synergies out of the ge appliance buy in this country. from 300 to 350. the stock up 24% in the wake of that on the comments from the ceo. and the banks have done well in europe today. a lot of the issues and reissues are down. check out the banks. hsbc is up 3%. it is now threatening with a formal review announced

may have gotten a date mistaken but finally nato found itself on russia's border in estonia and in latvia. you may say but there's nothing dangerous about that. i'm telling you this is cold war mentality that nato is seen as a threat. what the russians have set about ukraine, rightly or wrongly, is we will not allow nato to be on our border in the southwest. will not allow. just as american will not allow the missiles, we will not allow it. you can condone it but that's the reaction. that is how it's seen. [applause]. >> you want to know about russian elite, there is no russian elite. there is one man who makes decision. they know where to put their money their fortunes all the way from the west to miami. that's why the whole idea of the russian elite being afraid of the west is not true because they know they are safe with their fortunes. putin is very popular is something else i hear. i don't want to argue with you about the integrity. yes i agree, i give them full credit. somebody calls you and says what you think about mr. putin? i'm really proud for mike country that 20% would say th

why do you care about what is going on in latvia or berlin? michael: sure.lk about the u.s. treasury markets and where they are going. that has been heavily defined by the fed, historically, of course. if you asked me where u.s. rates are going, i am going to say look at the eurozone and what is happening there. but for the last jobs report, we have had a pretty good stream of jobs reports. of course, german yields, many of them are negative. swiss yields and in other countries throughout the eurozone, as well. that sets up the relative value trade for u.s. treasuries. tom: what that means is that dividend growth is that much more valuable if the terminal rates stay low. michael: one of the metrics i track is the spread between the 10-year treasury yield and the dividend yield and, right now, it is near parity. that is impressive. some people would argue you have a better credit rating on the s&p 500. of course, it is apples and oranges. olivia: do you agree with bill gross? michael: he also talks about the timing of the trade, which is key. fundamentally, y

anna: the focus of the greek conversation is going to take place in latvia at the end of this month. we see the eurozone creditors coming together to talk to greece about their agenda. can greece deliver sufficient reform to placate the concerns of the creditors? to allow greece to remain in the eurozone? that is where the focus of the conversation is going to take place. the ecb is probably going to stick to doing what it has been doing, extending support to the greek banking sector. we have seen in the last days the ecb step up the motto support to greek banks. there will be questions about that suspect -- about that subject. betty: staying in europe, after four years of scrutiny, the eu accusing google of abusing its dominance of the search engine markets. i will get to hans nichols who is tracking the developments. lots going out -- a lot is going on outside our borders. what exactly do we know so far about this battle between google and the eu? hans: what we have is a statement of objections. u.s. tech companies are going to have to start reckoning with the power center in bruss

ministers of the european union will be meeting in locked you on friday to determine whether -- in latviaay. let's move on to gazprom. it is go to get an antitrust complaint of the european union as soon as wednesday. this is part of a two year investigation into gas pricing. this is all according to an eu official. that stock is up 3% right now and local trading. i wanted to mention what happened in asia overnight. last week's selloff because chinese regulators tightened some rules on marginal lending. over the weekend, they removed some of the sting from that by cutting the bank's reserve ratio requirements. expected to be one of many moves to stimulate the economy. down 1.6%. trading near its highest levels since 2008 read the hang seng index also losing. stephanie: our own chief markets correspondent, scarlet fu. mike mayo from clf a america is back with us. he's here for the full hour. i want to talk about some of these annual investor meetings the banks are holding. let's start with bankamerica. you kind of feel like they have underperformed after year we saw brian moynihan. any mon

greek finance minister expects his colleagues to acknowledge this progress tomorrow in the meeting in latvia. that is the best greece can hope for at this stage. a statement from the eurogroup acknowledging that we are moving forward. francine: nikos, thank you so much. guy: we are joined now by gabriel stern. good morning. you have been a longtime follower of the greek situation. what light are we flashing at the moment in terms of how serious the situation is? gabriel: i think it is a bright orange. it was very interesting, the point you made about the fifth anniversary. how can a crisis go on so long five years? greek debt has never been made sustainable. it is not as if you can write a profile down on paper. you have to have a little support for it. francine: that and i guess the fact that we haven't seen any reforms or tax collections. is that fair? gabriel: i think blame lies on both sides. the fiscal adjustment has been extraordinary. in essence, the underlying problem is that the troy got have always been -- the troika have always been reluctant to make greek debt sustainable. you ta

betty: european ministers are scheduled to meet in latvia to discuss the debt crisis.lary clinton is on the defensive. she was asked about a claim that she traded favorable treatment from the state department to win foreign donations for her family's foundation. the former secretary of state wrote it off to politics. >> we are back in two the political season therefore we will be subjected to all sorts of distraction and attack. i am ready for that. i think it is worth noting the republicans seem to be talking only about me. i do not know what they would talk about if i was not in the race. betty: the allegations from her new book -- from a new book by peter schweitzer. a profit of a dollar 34 a share three cents better than estimated by analysts surveyed by bloomberg. dupont is facing a challenge from mountain health. plans to break up the company. it is a new world this morning for businesses under google search rankings. all mobile google searches will favor sites that are mobile friendly. that could lead to changes in how websites are ranked and hurt smaller busine

then the finance ministers meet in latvia on friday.eral point, there are five or six deadlines. greece now has to make a choice on whether they possibly default. so don't pay the ms or dependent pay the e.c.b. or whether they stick to that commitment. they have to either pay the international creditors or the cred terse. brendan: is greece a banana republic? francine: they are trying to do their best. the government has mandate. let's see how long they stay in pour. tom: francine, thank you so much. francine lacqua running our show in the london newsreel. brian belski is known for exceptionally smart notes on the equity markets as well. it's our twitter question of the day. should u.s. investors worry about fwreast? it's front and center. the markets are moving. is i one big so what for u.s. investors? brian: yeah, but yeah but? right. [laughter] here's what we think. greece when all this started few years ago was less than 2% of the eurozone g.d.p. now it's less than 1%. and there's a lot of headline risks just because people want to

business is predominantly focused in sweden finland, with the when you come up let field -- lithuania latvia and estonia. also with russian satellites in cause extent -- kazakhstan and other places. it is planning to merge its data shop with eleanor. the eu has probed into the deal over concerns it could raise prices and thwart innovation. we will speak to the chief executive in about 45 minutes time about today's earnings and the probability of that danish deal going through. further breaking news. manus: europe's -- caroline: europe's biggest software beating when it comes to total revenue. sales are 4.5 billion euros. this is non-ifr s. it is not in line for the international reporting financial standards. with their own comparisons, they are beating analyst estimates. software revenue was 696 million euros and it appears that there support revenue is growing faster than had been estimated. 509 million euros. a lot of this is getting a boost from foreign currency. the weakening of the euro -- this is a company that gets about 48% of its sales. the united states stronger dollar getting som

and the greeks will go to latvia to talk about the reforms they want to do to get the cash on -- gete cash they want. mario draghi will probably be question on what happens if there is no deal between the eurozone creditors and greece in riga. how much capital will be spent to those greek banks and? tom: and edwards, thank you. coverage continues on bloomberg television and radio. brendan: dan druckenmiller has one of the best track records of investing. lately, yes been saying the fed rate have been too low for too long. we have stephanie ruhle of "market makers" on the desk with us today. stephanie: do you do a shot of tequila every time he says "rip up the script"? brendan: yes, we do, and i'm feeling very relaxed right now. stephanie: let's talk about and -- spam. -- stan, because he is very successful. brendan: what are you hearing? stephanie: stan says no way, jose. he is very constructive in europe and he likes a lot of european countries. but we have to talk about greece for a moment. i have to what would happen there. take a look. -- i asked him what would happen there. take

and latvia and lithuania would be sold off to the soviet union as part of pole land.while it is true. it was ultimately the soviet union that broke the nazi's back. it was testified to. and the likes of roosevelt it. is true that the soviet union went onto occupy all of the countries of eastern europe as well as some of the central europe. and so it is a true. it became a military superpower. we should thank our lucky stars that world war iii never happened. thank you to mad. mutually assured instruction. the ussr fell apart not because it was isolated or nonengagement on the part of the west. but in fact actually made it stronger. but it fell apart because of the system that ceased a function. it was simply not viable. when it fell apart when gorbachev and yelts incame into power. did if engage a new russia. is the deeper than good old boris pr policy was this and you lost the cold war you can pay for it. just shut up go back into the cave you are a second-rate country. we don't care about you anymore. have the west the united states first and foremost, and decided t

states such as latvia, lithuania, ukraine tried and succeeded briefly. georgia, azerbaijan, russia was both an empire and regime. both were splintering in the aftermath of the great war. and so there were huge questions that the world had to settle. what was the shape of europe going to be like? what was the shape of the middle east going to be like? because as the ottoman empire fell to pieces, suddenly all the arab territories, vast arab territories of the ottoman empire were now up for grabs of some sort. there were colonies to be disposed of in africa and south pacific. questions to be settled in the far east. and there was a real danger that many felt at the time, the europe and the world were going to plunge into even more revolution. the second revolution in russia, of november 1917, had seen a very small and fanatical splinter group in the bolsheviks take over.there was fear that it would go elsewhere and there was some evidence that it might there was a communist revolution in bavaria. it only lasted for a week come but it was enough to worry a

dates -- [inaudible conversations] finally nato found a cell phone russia's border in estonia and latvia. now, again you may say that there is nothing dangerous about that. i am telling you a cold war mentality. nato was seen as a threat. with the russians upset about ukraine rightly or wrongly is it will not allow nato to be on our border in the southwest. well not allow. as america as america did not allow the missiles, we will not allow this. you cannot you cannot condone it. that is the reaction, the way it is seen. nato is not dangerous. fine. [applause] >> a couple of points. there is no russian elite making decisions. and by the way this russian elite as a combined entity knows exactly where to put their money fortune. all the way. probably this country as well. that is why the whole idea of the russian elite being afraid of the west is not true because they know that they can say with the fortunes command another that i here repeatedly come up putin is very popular. i don't want to argue about the integrity. i give them full credit. somebody calls you and us what you think about

being the infamous ribbentrop packed of august 1939 were by the independent baltic states estonia latvia lithuania were sold off to the soviet union as was part of poland. while it is true that ultimately it was the soviet union that broke the nazis back that is justified too by the likes of winston churchill and franklin delano roosevelt. it's also true the soviet union went on to occupy all the countries of eastern europe as well as some of several year. it's also true became a military superpower and we should thank our lucky stars that world war iii never happened thanks to mutually-assured destruction. the ussr fell apart not because it was isolated not because of non-engagement on the part of the west which in fact actually made us stronger. it fell apart because the system ceased to function. it was simply not viable. and when it fell apart when gorbachev and yeltsin came to power what was the west's response? to engage in the new russia? if we dig a little bit deeper than the good old barbie, the good old arras pr pack that was put out for popular consumption of policy with this,

. >> but can i put it to you for a country like latvia or estonia with a substantial russian-speakinginority amongst its population right on the front line with russia, facing a president who has shown that he is actually repaired to admit that he planned the annexation of the territory of ukraine and who has said that the collapse, the ending of the soviet union was the greatest disaster of the 20th century, that there is understandably deep concern about not having clarity from the united states, united kingdom, france, and the other big nato partners about under what circumstances article five would be invoked. >> now, i'm not sure that's right. i was with you until the last ten seconds. of course, we understand the concern that there is in the baltic states. nato members and the u.k.'s been leading among them have sought to reassure our baltic partners. for example, by offering strike aircraft for the baltic air policing mission, by taking part in military exercises in baltic countries and poland. we'll continue to do so. but i think the interest the baltic countries are best serv

in estonia and in latvia. this is russia's border. now, again you may say but there's nothing dangerous about that. i am telling you, this is -- there's also a cold war mentality, but nato is seen as a threat. and what the russians have said about ukraine rightly or wrongly, is we will not allow nato to be on our border in the southwest. will not allow as america did not allow the missiles, we will not allow this. you can condone it not condone it. that is the reaction. that's the way it's seen. you perhaps think that nato is not dangerous. fine. >> go, garry. >> a couple of points and one is i heard about russian elite, russian elite, mr. cohen repeatedly said it. there's no russian elite making decisions. there's one man who makes all the decisions. and by the way, this russian elite as a combined entity, knows exactly where to put their kids, their money their fortunes, south london all the way to the west all the way to miami. so probably in this country as well. so that's why, you know the whole idea of the russian elite you know

vladimir putin's dangerous moves regarding estonia and latvia and now selling acquittal to iran. -- nowng equipment to iran. your comment? guest: the so-called reset which turned out to be an oxymoron. the former secretary of state misjudged russia. i think we have been far less engaged with ukraine. when poroshenko came and spoke to a joint session of congress one of the takeaways is you cannot fight a war with like it's. -- with blankets. other parts of ukraine are at grave risk. there has been an engagement but at this engagement at the same time on the part of the president. we should be talking to putin almost nonstop during a crisis. it is more important now than when things are going well. i was in the republic of georgia a few days after the russians went into georgia, we have some of my own constituents behind the russian lines. -- we had some of my own constituents the russian lines. the tanks would go back. the territorial ambitions of putin are very real. sovereign nations are at risk. nato as be united. the new york times concluded with the point that unity -- the president

we understand they will be holding an mortgages meeting this afternoon in latvia and there is talk ofit including 28 interior and foreign ministers to try to address this problem. alisyn. >> okay ben, thank you so much for that. well the migrants were in part trying to escape the horror of isis. terrorists showing the mass execution of ethiopian christians. for the latest let's go to senior national correspondent nick robertson, he is live in london. what do you we know at this hour? >> reporter: this is isis doing what we seen them do in iraq which is take advantage of a volatile situation, where the government collapsed and instill their own brand of vicious radical islam. this flooin 39-minute video they put out now is all about telling christians how they can live or die under isis. what they're saying is you can convert to iislam. you can pay a non-islam tax or be killed like these ethiopian christians. isis claims they are. there are multiple layers to this isis message. they behead a group of 15 of these christians on the beach in the north of libya, on the mediterranean sea. t