guest: alcatel-lucent hopes it goes better than the previous merger with lucent which resulted in the loss of 18,000 jobs. nokia expects to make savings of around r9d million you're -- 900 million euros but the jobs in trance are safe. >> yesterday alcatel-lucent lue isn't shares will risen over 16,000 and we are seeing the reverse with nokia down around 3.5% and up today in trading. so investors are thinking about that across europe on the markets this midpoint in the trading day we have the european markets generally up. this is ahead of the meeting of the european central bank. we are not expecting any great announcement but we will be listening careful to what the president has to say about the bond buying program and what effect it is having. anchor: let's go to brussels where the e.u. has announced an investigation into google. guest: they have said it abused its dominant position as a search engine saying it promotes its own shopping services and second investigation will focus on the mobile operating system android and for more details we go to brussels to speak to our corresp

as my friend tim savage likes to say, it is really lucent-alcatel now rather than alcatel-lucent because lucent business is the very best in the world, and they are getting that benefit from market and they really finally put this long, slow slug of our merger behind them and are doing quite well. emily: this could create a rival to ericsson and cisco. but is bigger necessarily better? cory: i think it is a fair question. the quality of their products, the core of people who buy their products, whether it is verizon or at&t or any number of telephone companies around the world, is top-notch. cisco is having problems selling in china in part because the u.s. government products are not widely wanted because of nsa issues. and their products aren't widely sold here because of concerns over chinese spying. you can see it in the results and the revenue -- the revenue has been shrieking on an annual basis as they have gotten rid of crummy businesses, and they had struggles along the way. you have recently seen a turnaround in the profits of this business. the profits in the last six years, th

and alcatel-lucent is a different company as well.ory: back in the dot-com bubble, there is no bigger deal than alcatel-lucent in the world of networking. the french companies, alcatel and the former at&t labs, bell labs, later called lucent technology, when they came together it seemed like it would be the dominant network business in the world. what happened was it is hard to run a business in france. it is hard to make changes to business in france and the business struggled mightily. but literally -- but lately alcatel-lucent is killing it. the number one networking business perio out there, top five in all theat it serves. as my friend tim savage likes to say, it is really luce nt-alcatel now rather than alcatel-lucent because the lucent business is the very best in the world and they are getting that benefit from market and they really finally put this long, slow slug of our merger behind them and are doing quite well. emily: this could create a rival to ericsson and cisco. but is bigger necessarily better? cory: i think it is a

nokia has agreed to by alcatel lucent.urchase will create the world's largest supplier of mobile phone equipment. the deal will see nokia surpass huahue. google has been told it will face new charges on violating antitrust rules. google could face fines and constraints on how it delivers internet search. rivals, including microsoft have excused the search giant of highlighting its own web services and results at their expense. let's get more on google from our team of reporters. we are joined in brussels and here in the studio. let's start with you. what are we expecting today? >> we are expecting action for the first time in more than four years. when you start investigating these allegations over search we are expecting objections. we are also expecting an open investigation into android. that is what we have so far. it also brings up the threat of fines or an order for google to change the way it does business. francine: this is huge. >> this is a four-year probe. what google is afraid of is what it could do. does it ch

stephen: that is right nokia is wanting to buy out alcatel-lucent.the deal did happen, it would be a big step for nokia and its efforts to compete in the telecom network business. the firm completed the sale of its handset unit to microsoft last year. alcatel-lucent meanwhile is undergoing a massive cost-cutting plan in an effort to return to profitability. a merger could risk involving the french government, though. oversight on deals and strategic sectors, government telling reuters they will be watching for the possible impact on jobs as well as research and development. let's see how the markets have responded so stop out until lucent shares up around 12% in trading today in paris -- have responded. alcatel-lucent shares up around 12% in trading to the in paris will have generally speaking, pretty flat on the european market just london eating out some small gain, investors said to be worried about a report that greece was the government is preparing to default on its debt. and a french company has made a multimillion success of opening up panora

anchor: the company is in talks to buy its french-american rival, alcatel lucent. a merger would create a new global giant in the sector. reporter: on tuesday, the bosses of gnocchi a and alcatel lucent briefed the french president in paris. the french government backs the plans for telecoms and internet giant. >> this merger will allow the creation of a great european champion and also the technology on mobile phones. reporter: he also said there would be no job cuts among the 6000 staff who work for alcatel lucent in france will stop paris had expressed concerns over job cuts. both companies produce a technology for mobile phone and internet providers. for example, submarine cables that carry data across ocean beds. no yet and alcatel lucent are smaller players in the equipment industry stop if they merge they could become the market leader. the telecom group could be worth an estimated 40 billion euros. anchor: it is a rare person who cannot come the song he made famous. yet so i can't percy sledge who gave us "when a man loves a woman" has died. he was born in

nokia is in advanced negotiations to acquire alcatel-lucent.they said they are the companies are in advanced discussions with respect to a full combination. the move would strengthen their communication business and allow them to better compete with eriksson. lvma reported a 16% increase in first quarter sales. they saw growth in the americas make up for slowdown in china. shares are up 30% this year helped in part by a weaker euro. an heir to the nina ricci has been found guilty of tax froud. -- fraud. ricci is the first of about 50 french nationals to face trial. you'll hear plenty more stories like that. we also had u.k. consumer prices out in the last hour. the u.k. dodging deflation. let's see how the markets are reacting. we had a little bit of pound weakness? jonathan: got some movement in the fx market. it is a blanket sea of red. losses of over 1% on the ibex in spain. the the miners are charging ahead. it is the banks pulling us down. pulling back from record highs on the stoxx 600, europe's equity benchmark. the movement really is in

note yellow by alcatel lucent -- will buy alcatel lucent $416.6 million in stock. no egos take on contracts with two of the biggest wireless carriers in the u.s. verizon and at&t. congress and the white house are planning victory in the fight over iran. congress will have a say in the nuclear agreement. it has become clear that democratic lawmakers will join with republicans. bob corker says the bill has bipartisan support. senator corker: i believe congress should plate a role in ensuring that all the details are there. and on behalf of the american people, before they sanctions are lifted that we ensure this is something that holds iran accountable. olivia: the compromise gives congress 30 days to review the deal rather than iran/ it will not force iran to renounce ties to terror groups. brendan: breaking now out of the european union. accusing google of antitrust violations. that news just came out. european regulators have been investigating google for four years. critics say google highlights its own services at the expense of rivals. the obama administration

nokia and the alcatel-lucent deal coming together. saying it's too early to say how much jobs will be cut from this deal. the nokia ceo also saying it will be impacted on head count from the alcatel-lucent deal and the nokia ceo also saying no specific impact on finish rnd, china, u.s. antitrust approvals will be needed in order for this deal to come through. the ceo confident on getting antitrust approvals. we'll keep you up to date on any other further headlines coming out of that presser on that nokia alcatel-lucent deal. a big deal in the marketplace. >> u.s. earnings season is on the way picking up the baton before the bell with netflix set to steal it before the marks close. we get a look at blackrock, citi group. let's talk more about earnings with the managing director at capital management. how are you doing this morning? >> great. how are you this morning? >> great. thanks for getting up early with us. i love the fact that you're anticonsensus here. you're saying the stronger dollar won't be as big of a worry this earnings s

another key faller is nokia showing why they want to do that deal with alcatel-lucent.missing analyst estimates in their network business. this is all about phone equipment as the mobile companies beef up their infrastructure. these are the companies that supply them. yahweh. revenue rose but profitability is under stress. this is why they want to hook up with alcatel-lucent and why they agreed to buy them this month. they are trying to curve costs and overall look to expand and take on that competition. let's look on the bright side. that is portuguese food company. first quarter beat analyst estimates. jonathan: there we go. thank you very much, caroline. let's talk banking now. b.n.p. paribas reported a jump in profit. we spoke to the company's c.f. nombings paris and said positive trends are re-emerging across europe. >> if we stay in europe and we're seeing there were some shackles on growth. steps have been taken to remove gradually these shackles. it seems these green shoots are showing some glimmers of hope that they will blossom. for the rest i think we'll have

. +++ lucent as a whole. erickson trumps the likes of quality -- of huawei.than alcatel lucent. the overall valuation is bigger. notably, we have to see if the french government will back it. will hollande say yes to the deal? there has been concerns with the corporate mergers in the country. we understand the government officials are there and try to figure out how to predict in france. interestingly, they have been building up and selling assets. it is to the tune of simplified billion dollars. now, it might be selling a unit. this is a story the have exclusively. it suddenly saw a rocket in share price. people started wondering why they are doing this deal. are they exploring it? this is phenomenally widespread. also, every four out of five navigation systems are provided by no kia. it does not bring in all that much cash. also, carmakers are interested. it could value the entire unit at 2 billion euros. compare it back to the a billion dollars they had to pay back in 2008 when they bought the company. it is an area that has lost value and it has been tumu

caroline: interestingly a few lower shares for lucent.alcatel is more than some analysts were estimating. alcatel will get a third of the nokia company. chip equipment making a is and i'll --asml has come out with first-quarter numbers. second quarter is looking lighter. "on the move" is next. mark: next they will speak with the alcatel executive -- chief executive. ♪ quirks good morning. welcome to on the move. we are minutes away from the start of trading. going back from the all-time high. let me bring you up to speed with the brief. coming in in-line with expectations and there is a deepening slowdown. alcatel lucent has a deal valued for the largest supplier of mobile network equipment. the tech giant is said that it will face charges for violating antitrust laws. no change of policy is expected. a one trillion euro bond buying plan. mario draghi is expected to be asked. blame the imf or that. we will go to the market open with caroline. caroline: it is pretty much flat today and we have it flat as a pancake for the moment. looking o

alcatel lucent getting a boost because there is a german report that alcatel lucent is in merger talksf the m&a taking place here certainly percolating in europe. erik: will two plus two equal four, or maybe 3.5. scarlet: six, maybe. erik: that is what i wonder when legacy technology companies. with each other. stephanie: linkedin is branching out. they bought an online education system for a cool 1.5 billion dollars, but the grand plan is more ambitious. cory johnson is having a big week, mark cuban -- the ceo of lincoln, jeff weiner. tell us, corey johnson, what is the ultimate vision for the company despite walking meetings, which the two of you have in common. cory: except for the walking meetings with me looking freakishly tall next to the normal size jeff weiner. this was a struggling business at almost 10 years old by the time it didn't ipo, but wasn't talking about the -- did an ipo, but they were talking about the transaction. facebook gets a lot of attention for the social graph, mapping identities and the relationship of friends and families, and their relationship. he kept

also telecom news nokia buying alcatel lucent.lues the french company at $16.6. >>> also the ecb will release the latest rate decision at 7:45 eastern time. we'll bring you that decision as soon as it hits the wires and a news conference at 8:30 eastern time. then u.s. equity futures. dow looks like it will open higher nasdaq up 17.5 points hire. >>> again, our special guest is hank paulson, the former treasury secretary as well as the former chairman and ceo of goldman sachs. >> and the author. >> and the author of a new book called "dealing with china." hank, joe asked you a question before we went to break. joe, do you want to rephrase it? >> maybe i can ask it a different way because you'd make a hell of a fed chief for a republican president too, i think. >> are you putting him up for that right now on the set? >> i tell you, an english major? >> look at your career though. but if you -- so take it from that perspective. would you have handled things differently if you had been sitting where either bernanke or yell in yellin

alcatel lucent is down by 9.6%. we will talk with the other side . jon: we are into the session here the ftse 100 is pushing back. there are deals to talk about with corporate's tories this morning. they have 15.6 alien dollars. i just messed up the number. caroline hyde has details. caroline: this is the number. 15.6 billion euros is what is being valued and it is a share deal: away and the options are not what is expected. we just heard michelle take to the stage and say this is the right combination at the right time and he wants to build the european champion for telecoms equipment with shares capping at less than expected. already, they sound effusive about the deal and are keeping personnel and. they go as far as setting up a startup fund to get the internet of rains in france. the company is going to be called no kia m based in finland. this is why they are acquiring it. it is not just doing a share. it is acquiring and you can see that it is oprah sing and on finland and remember this will leapfrog the mobile network equipment and the number

after tell lucent -- i can tell lucent giving back some of its advances.of hank paulson's top priorities as treasury secretary was the u.s. relationship with china. an issue he also dealt with as ceo of goldman sachs. in his latest book he offers his take on doing business with the people's republic of china. peter cook was in nyc yesterday and had a chance to sit down with hank paulson and talk about that. i believe you talked about more than just china. i think you talked about banking. peter: we did. mainly the focus was on china. i wanted hank paulson's take on the political environment in washington. the rise of elizabeth warren and the antiwar street sentiment that still prevails six years after the financial crisis. he calls it regrettable. hank: i believe very strongly that income disparity is a huge issue in this economy. when i was treasury secretary -- i think it shock some people i -- i believe that is a problem. i think the way to solve that problem is not pointing the finger scapegoating republicans . people scapegoating china or wall street.

they are also doing well at alcatel lucent.ll make the right per folio that customers will need and want to make us competitive like nobody else in europe. emily: the deal will have to pass a u.s. national security review because alcatel has security clearance to do work for the u.s. government. and a jury has found former new england patriots star aaron hernandez guilty of first-degree murder and sentenced him to life without parole. hernandez was convicted of killing a man who is dating the sister of hernandez's fiance. at the time, hernandez had a $40 million contract with the patriots. now to our lead -- in europe, google faces the biggest threat to its bigness after -- business ever as the eu files a formal trust complaint. how did it come to this? it's all started five years ago when the eu began investigating such practices after rivals like microsoft and expedia complaint. uggla try to settle three times to no avail. now that eu has file formal charges against google called a statement of objection in europe, accusing u

alcatel lucent down 8.5%. sony posting a loss of 125 billion yen for 2014 but says it expects operating profits to surge. that as it hopes to sell 30 million smartphones this year. now the bank of japan held it's latest monetary policy meeting today. >> the bank of japan decided to maintain the status quo by an 8-1 vote. this was in line with market consensus but the focus was the bank of japan's outlook report because it incorporates forecasts for fiscal 2017. first there's the cpi. it was already revised down this january to year on year 1% from 1.7% reflecting a drop in energy prices and earlier the boj reported a further downward revision to 0.8%. however the governor said that with solid corporate earnings and boosts in wages the boj remains positive that the cpi is on an upward trend from its current 0%. they expect to accelerate gradually and remain stable tloult the year. but keep in mind another sales tax hike is expected to be implemented in spring 2017 and this could again weaken domestic demand. th

based on this morning, nokia is buying french telephone lucent.t sold its mobile phone business to microsoft and refocused on telecommunications. it had removable batteries nokia did, it was very useful in 2000 2001. >>> new conversational video. police using their cruise tore take down a robbery suspect. did officers go too far? we'll have the details next. on your face? try zyrtec®-d to powerfully clear your blocked nose and relieve your other allergy symptoms. so you can breathe easier all day. zyrtec®-d. find it at the pharmacy counter. man: you run a business. could be any kind of business. and every day you've got important decisions to make, like hiring. where are you gonna find those essential people you need? with ziprecruiter, it's simple. we post your job to over 100 job boards with just a single click, so you can reach millions of qualified candidates. then we'll give you the tools to help you manage, screen and rank your applicants all so you can find the right one. try zip recruiter for free today. >>> police in arizona have released

but adjusted operating margins declined to it and it helps explain why no q agreed to by alcatel lucent16 billion earlier this month. and the altra luxury housing market is scaling new heights. a record number of properties around the world command prices above $100 million. according to report, five homes sold for more than $100 million last year with 20 more on the market with nine figure asking prices. well, tesla is expected to unveil the first non-car products today. the company is introducing a whole battery and a very large-scale utility battery according to an e-mail sent to investors. these batteries will be used to store energy to supplement what consumers get from the electric grid. how can tesla adopt this lithium-ion to a new market? we have a guest from o-power. our editor at large cory johnson here as well. along with nancy fun. she was on the board of tesla. ok so nancy, i feel like you have got the best idea what tesla is going to unveil today. nancy: i do not have the details but it is important for people to understand that this has been an tesla's dna dna from the be

. >> nokia is possibly in advanced talks to acquire part units of alcatel/lucent, specifically some of the wireless assets. the potential acquisition of the assets would be to help strengthen the telecom equipment and wireless network's business with nokia to better compete with ericksonssonericsson. >> the original alcatel/lucent deal remember that? >> yes. >> to see that come around after all this time. >> both are higher. interesting. we have about 50 minutes left in the trading session here the dow off the lows down 40 points here. the s&p is down 4 and look at your nasdaq. heading back to 5,000. >> 4,999. just half a point away. >>> coming up financial stocks gaining ground ahead of a huge wave of earnings this week. dominic chu will have a special report on how they usually perform after their earnings hit the take. >> sprint plans to do what doctors rarely do these days that would be making house calls. we're not making a joke here. we'll tell you why the cell phone join the is borrowing a page from the old dr. playbook. plus the pros will discuss if this will actually help brin

the big story this morning, nokia is guying the french firm alcatel-lucent. remember when had nokia was a giant in mobile phones? remember those awesome removable batteries they had circa 2000? but essentially crushed by samsung. >>> 10 minutes after the hour this morning, new controversial video of police using their cruiser to run down a robbery suspect. so did officers go too far? details next. real transformations can happen as much inside a person as out. that's why you should take the listerine® 21 day challenge. use listerine® and over 21 days you'll experience a transformation. take the listerine® 21 day challenge and start your transformation today. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york c

weather watchers lucent this in. blue lou he calls himself. beautiful colors there.ur weather watchers more than one hundred of them. send your information to us. head to our website, cbssf.com/weatherwatchers. game time forecast tonight breezy and pleasant upper 50s playing the rockies once again tonight. let's score some runs, giants, 715 first pitch. forecast for the area, 77 degrees near the ballpark tomorrow. very sunny and warm. a light offshore wind eliminating the ocean information so temperatures will climb tomorrow and they will stay elevated through saturday away from the water. look at all the 80s on the map for tomorrow. that's you san rafael and livermore and fremont. that's you, vallejo, 81 degrees. san francisco 77 tomorrow. pacifica 69 degrees. the cooling begins on friday as the onshore flow returns near the water. saturday though you'll stay in the 80s inland. sunday cooler over the weekend with more morning cloud cover and we are calling for a chance of showers toward the middle of next week. about an hour away from first pitch looking down the st

i was talking about the fact that alcatel and yokia were moving on the rumor that nokia would buy lucent7%. within a month you can see the gain you've had there. nokia which has to sell its maps business is in negative territory on today's session athlete. >> guys, back to you. >> simon thank you very much. >>> today's retail sales numbers seem to have disappointed the markets, but not the economists, our steve liesman is back at hq with a split. steven,dy see even some wire services try to spin it different ways. >> i'm getting positive commentary here. the bonds rally, and the dollar sold off after the data this morning, a sign that markets saw it as soft and the chance of lessening a fed rate hike this was the first increase in retail sales since october. here's the data that economists look at. it was up 09 on the headline number, .1% short of what they were expecting. auts up, building materials, furniture. what they liked in the number was evidence of a weather effect and that's what jeffrey said, they said quote the composition suggests that february retail activity was suppressed

guy: the merger of lucent and alcatel threat?sinesses is going to save an awful lot of management bandwidth. hans: of course. it is just mind-boggling. with this announcement it is just an enormous change for many players in this industry. i think that everybody is looking for the strategy right now. we are executing on our strategy that we decided on five years ago. this planned merger indicates that these companies are trading -- changing strategies right now. right now, it does not change our strategy. we are transforming to an i.t. and telecoms company. francine: you don't feel under pressure to do m&a? i guess you have to become vigorous. hans: of course, we always have to see what is happening in the markets. finally, we believe in organic growth. we want to build systems that hang together. it is always difficult to acquire companies. if we can avoid, we are not buying any companies. we would rather deployed investment in our own research and development and service department. of course sometimes we need to acquire. we ac

is in advanced negotiations to acquire all the lucent. it would help no p.m.ompete with eric -- help nokia compete with ericsson. calpers had an increase of 6% over last year as the value of its portfolio rose by 8%. shares of profits have more than tripled since the recovery brought on by the recession. walt disney is investing in a steven spielberg film "the bfg. -- "the bfg." it is based on a terrific children's book. if you haven't read it, it up. -- pick it up. there are less than 60 minutes to the close of trade. scarlet fu had and i on some of the late action. scarlet: we've been drifting around in search of earnings before tomorrow. cautious trading in europe helps to set the tone. tomorrow, jp morgan, wells fargo, j&j, intel reporting. ahead of that, down slightly for the nasdaq s&p, and doubt. the fix is moving up, which shows the increase in prices investors are willing to pay. it is just below 14 right now. you gave us some great approaches him a dollar right now, but here's another one. the dx why dollar index rising to a 12 year high. the chinese

. ♪ matt: is in talks -- nokia is in talks to acquire alcatel lucent.would they get out of the deal? how could it spark a new wave of consolidation in the sector? joining me to discuss? the fascinating facets is jeb macaque and. for me, it is really fascinating. what i find most fascinating is the current ceo of nolkia made shareholders money by laying off 25,000 people. why wouldn't the french say fire our citizens instead? jeff: there are wah way -- wawai out there with it are difficult to compete with. they see nolia as a way to do that. matt: the french are coming to their capitalist senses is what you are saying. jeff: they were a little difficult and they tried to get siemens and others to take a look but eventually the deal got done. i think this deal is where the french government are probably behind the scenes to make sure -- matt: good for them if they are pushing and getting what they want. this leads to probably more deals in this space. there are so many of these smaller in equipment makers around the globe and they really don't have to be.

. >>> shares of alcatel lucent falling almost 40%.cizing the terms of the company's proposed sale to nokia. >>> and general motors plans to invest $5.4 billion on its u.s. manufacturing plants over the next three years. the move expected to boost production and vehicle quality. >>> shares of marriott are under pressure today, but it is of course a generally down day. but this was despite profits and the company beating the street by three cents a share, up 20% on last year. but the revenue looking a bit light and guidance was cautious as well. simon hobbs joins us now with marriott's ceo with a first on cnbc. >> thank you, mandy. he joins us from the new lobby. >> hey, simon. >> i'm trying to scare with these results what's going on. on the one hand we learn that the economy basically ground to a halt but your revenue per available room is up 6.9%. what's going on? >> we had a very strong quarter. i'm not sure i can tell you what's going on in the market today, but we had a really good strong quarter. on the high end of what we antici

lucent is down today.pment maker calling it unacceptable. >>> marriott posting better than expected results and the quarter view is a little disappointing and that stock is down by 2%. >> who are you kidding? >> outback. >> no wonder you don't know they had bloomin' onion. >> i've been to outback and applebee's but i mixed them up. >> applebee's my chicken wing. >>> when we return jim cramer is back from the west coast and joining us. >>> a programming note tomorrow becky is live from omaha, nebraska, at the site of the berkshire annual meeting. she'll speak to the members of the empire. nebraska furniture mart and santa fe railway chairman rose and mario gabelli. huge lineup. you do not want to miss it. she is getting on a plane this afternoon. ...and takes the wheel right from your very hands... ...this isn't that car. the first and only car with direct adaptive steering. ♪ the 328 horsepower q50 from infiniti. when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're

nokia is buying alcatel-lucent for $16 billion.and samsung, so it sold itshandset business to microsoft. ding ding check your calendars. the deadline to file your taxes is today. if you haven't filed yet, i say don't panic. contrary to what john berman just said. first of all filing your paperwork even if you can't pay because it will generally cost you more to file late than pay late. and if you can't get the paperwork done on time go ahead and file for an extension. but remember this with this extension what you're really doing is only pushing back the deadline of the paperwork. you still got to pay any taxes you already owe. few tips there. >> so she's saying file first, panic second. >> panic in general. whenever it gets close to tax day, panic. >> just file your taxes. don't give people bad advice like that john berman. >> my goodness. >>> there was a scary moment in cleveland last night. some video really tough to see. >> oh! >> we'll tell you all about what happened in the bleacher report next. the world is filled with air.