manus? manus: merkleel has internal political pressures.here was one viewpoint that the germans would be happy to cut ties with greece. what is her strategy at the moment? hans: she is starting to address this. according to people familiar with the matter, about a third of her caucus could revolt. her chatterjee is to give a major speech directed at her -- her strategy is to give a major speech directed at her party. she will only do it if they got a deal. yesterday stigliztz gave his party a bit of an update. he says they don't understand what they need to do to get a deal. at the same time the greek parliament are considering calling madam lagarde and even a former greek prime minister down to greece to explain why they needed a bailout in the first place. not sure if they would accept that invitation or if it would be tendered. they seem to be the one the most pessimistic that greece understands that thisis predicament. manus: thank you for the latest. mark: a frenzy brewing. another potential deal for time warner. caroline hyde is here.

manus: and i manus cranny.rman chancellor angela merkel and russian president putin meet in moscow for the first time in february. tensions remain high over ukraine. does it suggest a reproach? manus: the people's bank of china open the stimulus tab again, cutting interest rates for a third time in six months. we economic data is challenging the 7% growth target. christine hah is on the story from beijing. we saw the reserve requirement lowered a couple of times recently. this is the pboc at their best. was it completely unexpected? christine: no. quite a few economists predicted this rate cut after those lower than numbers on friday. there were concerns about the manufacturing sector. over the weekend, we had data come out. producer prices stayed in deflationary territory. we saw the saying i stock market -- the shanghai stock market coming together to make a good timing, giving the central bank plenty of incentive to move. we have seen three rate cuts since november of last year. in reality, real interest rat

i'm@manus. caroline: up next we're speaking to the european economic commissioner live from dresden, taking it back to big questions. stay tuned. manus: breaking nice from switzerland on the economic side the swiss economy contracted. the estimate was for the economy to remain flat. of course during the first quarter we saw the swiss national bank abandon the peg to the euro, that's the pressure -- that put pressure on the banking system, put pressure on the exporters, watch exporters. so gross domestic product contracting, the outlook for the economy suffered a blow when the frank cap was abolished. the frank rallied 15%. that's biggest increens since single currency was introduced in 1999. top stories on bloomberg at this hour. more money changing hands in trading stocks in china than in the u.s., a market more than twice its size. turnover in shanghai rose to $380 billion exceeding the value of shares traded in the u.s. on wednesday by $132 billion. equity volumes in china have surged since l

manus? manus: talk to me about juncker's proposme. what is it?cker is involving himself in negotiations and he wants to unlock part of that 7.2 billion in economic aid that is lefto. at least e.u.'s portion by changing deficit targets just a little bit. nothing on pension reform or labor reform. it has been very clear from the euro grew that they want to use labor reform and pension research. those are very crucial points for them. i would caution about any optimism about the jounger proposal. -- juncker proposal. manus? manus: thank you for running all of that up. emily: vladimir is russ cra's richest man. shares advance to 58%. his personal wealth increased by nearly 15% this year. ryan chilcote sat down with him yesterday for an exclusive interview. what does he have to say about sanctions against russia? ryan: it is interesting. somebody had to call it. he called it yesterday. he said it is time to get back into russia. you saw his wealth rise. up 58% over the last year. up 26% this year. he said in part that is because the threat of sanction

manus: and i'm manus cranny. mark: floyd mayweather and manny pacquiao -- the fight is excited to be the most lucrative in boxing history. with estimates of $400 million in revenue. manny: i love being the underdog. i have the determination to fight. i have something to prove in the fight. i love it. mark: a chinese manufacturing gauge is showing that growth may be starting to stabilize in the world's second-biggest economy. slightly higher than expected in april, according to our economists here at bloomberg. the pickup in manufacturing data comes after the government spurred infrastructure investment. sticking with asia, japan's key inflation gauge shows a small gain in march. after approaching zero in february. the data comes after the boj back the time needed to reach the 2% inflation target. the governor said the delay is attributed to falling oil prices. the continents are cloned for the mayday holiday. stay with bloomberg, we will be live with the tesla headquarters in los angeles, as the company unveils b

manus? manus: ryan, we've had a series of fines. colossal fines for libor.n the foreign exchange issues. those fines have already taken place. what else can you tell us in terms of today's proceedings? ryan: the numbers are always by. in the case of libor, the fines they have faced is about $9 billion. they remain immaterial. we is that you with deutsche bank's legal costs eroding their profits. what is most important to keep in mind is it is the investigation into libor that was watershed moment when we saw a big outcry for more scrutiny of the banks. what we haven't see, what we will see today is the beginning over the criminal process where individual traders are pursued. this trial should take about 12 weeks. manus: we're going to have to leave you there. thank you very much for being with us. stay with us. we have brenda kelly. she is coming into the studio after the break. ♪ manus: welcome back to "countdown." 7:30 in london. the question for foreign exchange traders, are you a dollar bull or euro bear? the dollar continues to trade higher up by 1%. th

back to you, manus. manus: great interview.to leave you with some nice shots of the city of london. we are not leaving you we are coming back to you. i am way ahead of this trade, i can smell the weekend. 11 minutes late. futures. anna: i think everyone is still in bed, perhaps. manus: back in two minutes. ♪ mark: time for today's bart chart. crude oil on track for its 10th consecutive advance. since wti bottomed on march 17 the green circle right there, which was a six year low, it has jumped by 39%. $260 today. -- to $60.67 today. let's not forget what preceded this record winning streak. from june 20, the red circle, all the way down to the green circle. that was a decline of almost 60% over nine months. from $107. what has happened to precipitate the turnaround? a cut in the number of u.s. drilling rigs will curb out put. they have reduced the number of active rigs i 58% since december. oil supplies have a dropped for the third week in a row. stockpiles have remained at the highest level. the next big event is on june the f

manus? manus: i gave it up as it went on. coming up on the program, we will take a look at how long the greek central bank can carry on support for the country's lenders and what that means for investors. stay with us. ♪ mark: let's get back to our top story. it could be as little as three weeks before greece runs out of money, according to some economists and joining us is a global macro strategist at a company. good morning. greece is not a film with an ending. it is a tv series that will run and run each week, year after year, so for those hoping the saga comes to an end at the end of this week, not a chance. guest: no i think they will be disappointed. greece started in 2009 with the announcement of the budget deficit problems, terry don in 2002 with the security purchase program. and we are still talking them at this same thing in 2015. this is a series that will carry on and on, and we are probably in episode three right now, and i expect 3, 4 5, and six, and one of them i assume be a poorer. they cannot get rid of the

manus: telecom thursday. after a wave of consolidation we break down the results from two of the key players. mark: will the drama pay? itv reports. we see if the numbers are as big a hit with investors as "downton abbey" is with global viewers. welcome to countdown, i am mark barton. anna: i am an edwards. -- on a edwards -- anna edwards. stay with us for the bloomberg exclusive with megaupload founder. mark: the markets moving in asia and stocks under pressure as the global selloff continues. we've seen $400 billion over the past three weeks. let's start off with the stock market. >> let's start off with the stock market. we're basically seeing a decline across the regional benchmark. in japan we are down 1% and the yen is a little bit stronger down 7/10 of 1%. one of the stories right now is asia with a very weak retail sales number in the u.s.. to some extent, investors started to book those profits in japan. australia was down because of the banks and the big mining stocks. that is up .5%. that market ha

manus: and i am manus cranny.chilcote sat down with the man considered europe's last remaining dictator. he is up for reelection. how the conflict in eastern ukraine has impacted his country. we bring you that exclusive conversation. manus: let's begin the day with our attention on asia and china manufacturing. it was a miss. pma data -- pmi data trailed estimates. zeb eckert is in hong kong. this is one of these classic moments where the official data and the survey data tell different stories. zeb: they certainly do. the private survey data is what we are looking at this month because the april numbers are still -- are showing the steepest contraction in a year. that is what we saw today. interestingly, stocks advanced because the number was so bad the market believes we will see more stimulus out of china. that is what you would expect given this sharp fall in new orders. also, this event are in of domestic demand and the fact that production levels at factories stagnated in the month of april. 48.9, the steepe

manus: a deal is almost done in the u.s.aceutical sector with cvs health getting close to buying omnicare. caroline: let's check in on what these companies are. cvs is the number one retailer of prescription drugs in the united states. omnicare is a nursing home provider and pharmacy. $9 billion is how much omnicare has as a market valuation so interesting to see what the price tag will be but we understand the deal could be struck as quickly as this week. omnicare shares rallying on the back of the news they jumped almost 9%. they put themselves up for sale earlier this year loring what their options were working with bank of america and these partners to explore options, one of which included a sale. what about pharmacy benefits? pharmacy benefit management is in vote. it is a real theme building in the m&a space. we have so much desire to manage your costs that we are seeing fuel for demand in companies that manage that for you. basically they help clients and companies and individuals get discounts from drugmakers for ve

manus cranny has got your european market open. manus: you're right.he top lines in the market. let me show you how this looks in the maps. you're seeing this precipitous fall on the shanghai index. you have three rate cuts. liquidity up plenty.

manus cranny, over to you.arkets are linked to the move in the bond markets we saw. the motion movement between the rest bite is released in the equity rally. the u.k. had been down this week. the cac is down 9/10 of 1%. it is options expiry day. that is the feet ahead of us

manus: stay tuned.sation coming up straight after this break. ♪ just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business. built for business. manus: welcome back to "countdown." we had an interview with roger bootle. the market has already begun to pull back from saying it was the second half of 2016 to the halfway point of 2016. can the political rally that sterling has had continue as a tour de force? that is what the market wants to know. 155.78 is it. it is almost car before the horse. and where we are with the overall program. manufacturing is expected to expand by .3%. paulson's interview with guy johnson. the eu

manus cranny looking forward to wrapping up his week with your market open. manus: indeed. everything is closed except for london. the paper company introduced their numbers to the markets. see how they do in the irish market a little later on. i'm trying to be ironic. let's see if lloyd's makes the rundown. first-quarter profit up 21%. 2.2 billion pounds. benchmarks are judging how banks are going to do in the u.k. and around europe. they say 2.55% over the next year. no more tpi for lloyd's. no more payment protection insurance from lloyd's. as i say, that's different to rbs and barclays. rbs and barclays both putting aside more money for payment protection this week. lloyd's up 3%. the biggest conundrum is this. there is not going to be a huge amount of liquidity in the bond market. domestic german figures are going to be out. in london, late breakfast, short days. we are back up here. start of the week europe up 0.5%. you've got dropping prices, rising yields. in germany, all around europe you are seeing this reevaluation of risk, and still, the euro -- foreign exchange

manus: later today, we get full resulsts.ght in consolidation in the u.k., what can we expect from the british monopoly question mark caroline: i'm talking all things. the former notley here in the u.k., now focused on broadband -- on mobile and television content. let's dig in for the fiscal year numbers. sales likely to be stagnant overall, when you look at bt. 17.9 billion pounds worth, but profits could rise. dividends could be increased, that is what analysts are expecting overall. you could see about a 2% increase in poverty profitability. promising you tv content, mobile packages, all about building the broadband. to go to the company to get connected to the internet. clearly, this is where the opportunity lies. this is why they want rapid mobile, going back to mobile having exited a decade ago. let's look at the opportunities, as bt looks forward. they added about 120,000 customers last quarter, we are looking at what the overall acquisition -- the 12.65 billion pound acquisition. that deal is excited to be completed

manus: let's go abroad.the bloomberg global bond markets over the past week, $340 billion lost. the bloomberg all-world equity index, all countries has lost almost $1.3 trillion. equities are in transit at three times the pace of the bond market. what do you make of what is going on? equities down, bonds down. jonathan: the move in bonds is bigger than the move in equities . you've got yields that have gone up by 0.5%. germany, they've gone from what was almost zero -- it was .05% and now it is th .5% to do think the bond market has risen far too high. it had gone to yields that were unsustainable. everyone was so nervous that they went into german government bonds. we are beginning to see a step back from that. the disincentive for equities is that there is this equity-bond correlation, that bond yields go up. you have to have a higher discounted rate on your equities . in terms of the global economy it is good news. it is quite surprising after having the bad u.s. first-quarter gdp number, but of course, o

manus cranny, over to you. manus: those equity markets are linked to the move in the bond markets we saw. the motion movement between the rest bite is released in the equity rally. the u.k. had been down this week. the cac is down 9/10 of 1%. it is options expiry day. that is the feet ahead of us. that will be pretty interesting to see. to that end, to the traders have an interest in taking these indices slightly higher? we have drugs on the move. and it is up 1.1%. the u.k. housebuilder raising the dividend. the stoxx up. -- stocks up. and they have a lung cancer drug . it is a lung cancer drug with a survival rate exceptionally well. syngenta up. reuters says the deal depends on the sale of the business. bloomberg intelligence gives a little more depth to china, europe, and the u.s. antitrust suggestions to do the deal with monsanto. is it a reprieve at the moment? would you be tempted in .72%? we are seeing substantial foreign buying in the bond market, in the u.s. bond market we haven't seen for quite some

manus: talk to me about the ecb trade.he decision over whether to tighten a emergency liquidity for greek banks. the fact the decision even needs to be made tells you about the situation. do you think the ecb could move to do that? they can be the ones that push the issue? >> i think that is unlikely. they do not want to destabilize the political process. they play the role of anchoring the political discussions. i think it is unlikely they would want to destabilize the situation right now. i think the ecb will be reluctant to keep the party going on as much as necessary. next month is the key because there is so much that needs to be done. manus: we have been talking about this for a while. greece is running out of money. and your mind how far can they go without a deal? is it a matter of weeks, months? where is it? >> the rollover is very large. the window is getting narrower and narrower. they need to throw something out during the month of may. june is going to be too late. manus: stay with us. we will do more during t

manus: it's all about the pace. i will leave you with that. francine: manus, thank you so much.your. guy: voters will cast their ballots. labor and the conservatives are hoping for a last-minute surge in support of both needing to form a majority. you're looking at live pictures. boris johnson has a tie on and a jacket on. david cameron has not gone down that road. 106 was the majority of the last election. we have the latest. the sleeves are still very much rolled up in the tie is off. francine: any exhibition of passion he can give to the electorate, that has been the topic of late. that more passionate cytosine. guest: boris johnson is giving the introduction. as were pointing out, it was fascinating to see boris johnson giving this introduction playing with his hair a lot and all of his usual characteristics. there were so many mobile phones in the air you could not see boris. it was difficult for all of the official cameras to get the right angle through this sea of mobile phones. you can see the pictures that are coming through. as you can see, david cameron is speaking ou

manus cranny is that the touchscreen. manus: equity markets are the focus. we are one second away from the opening train -- trade. the next issue for the equity markets is breaks that -- brexit could this bring back the nerves of 1992? michael o'sullivan it with here and he says this was beyond the dreams of this sitting minister, which is the prime minister. bt group up. you have a big move in the currency markets, sterling is on a tear against the dollar. it is against the aussie. as i show you over the past five days, you understand the momentum that you have in sterling. we made it above the 155 level earlier. let's get these stocks and industry groups that may see a move. deals will get done. how many deals will get close today in london? the builders are going to benefit from this continuation of government. that is the theme, equity markets, the united kingdom, the strongest growing economy in the g7 will continue on the policies. the banks have yet to open. will lloyd hit the top of a political agenda? will be chancellor go for a sale of more of lloy

manus cranny joins us. very busy morning for us.he stock on my screen and the market likes the number. manus: it does. a story of lower-cost and stronger trading and rebounding. for 2 billion swiss francs. -- 14 billion swiss francs. the best since -- the money coming from europe and asia and profitability of 82% -- up 82%. rejuvenated and revamped weather turning over inventory quickly is a critical point responding to customers' needs. the statement is operating and i know you like this which is one the bloomberg intelligence trading of 23%. so much for the u.s. peers. credit suisse are in a dust quite literally at 6.4%. this rebound in investment banking is delivering the profitability of 82%. capital building capital and overall reserve for litigation at 6.2 billion. are you and to the top of ripping the cost out of the business? good news on all fronts of the business. the jonathan: manus cranny of dating on the big word that starts with r "risk." what is next? manus: you bring in new money that is not that profitable. and i ca

manus cranny is that the touchscreen. manus: equity markets are the focus.e are one second away from the opening train -- trade. the next issue for the equity markets is breaks that -- brexit could this bring back the nerves of 1992? michael o'sullivan it with here and he says this was beyond the dreams of this sitting minister, which is the prime minister. bt group up.

manu: they certainly did. and it's been interesting to see this mitch mcconnell-brake obama in this -- barack obama in this as well. and he was praising obama lavishly over this for taking on his own party. and that's the one thing that the republicans have asked the president to do on this. to go after people like elizabeth warren and -- in order to give cover to the folks who are willing to break ranks and take on particularly the labor unions that are coming after this pretty hard. >> and going after iz beth warren and said she is absolutely wrong and the worst thing a politician can say about another politician and said she was just a politician. but what is her actual role in this? chairman of the committee or a specific role on this particular -- why is so so front and center? >> she just represents that ideological point of view on the left. she's really not the big player on the hill on this. rob wyden who youou just showed, gwen, clearly the big player on the democratic side. he's the ranking democrat

manus cranny is at the touchscreen. what is the latest? manus: we are at 309 votes and counting. this is how the shape of 2011 britain took hold. the domination of the tories in the heartland's the south of the united kingdom. they are on target for 329 seats. it was a labor of violation in the area below me, scotland. let's run you through the numbers. 309 seats for the tories. where have the labor seats gone? 228. 56 seats to the snp, the scottish national party. the pollsters were never really quite sure how the percentages would draw down. as we stand, with 25 seats to run on the national level, 36% of the vote goes to the tories 30% of the labour party, and just under 5% of the scottish national party. ed balls, born in the same year as myself 1967, he entered the united kingdom political fray back in 2004, when he went into the westminster position. let's take you into that's constituency. these are the results. labour has had -- the tories took it. 39% of the vote. have a look at this. that is a much lower turnout than we saw in 2010. that has really taken hold in terms of

manus cranny has your market open. manus: the bond market. liquidity open in london -- open a holiday. the great conundrum is this, selling or going against the market is a wonderful thing in theory. you have the european banks. that will cost you money. once is movement, a nice bloomberg story of the market may be willing to short. a profitable trade that ends up with a negative consequence. the yields are rising nonetheless. you are right, european activities are coming down. we are close of the united kingdom. a shade lower in china. the index a little lower. voices coming through from the americas. cleveland saying all federal reserve meanings have the possibility of rate hikes on the table as did the president of san francisco is saying anything could be in place. a really mixed, virtually unchanged paris a shade lower. you have moderately weaker volumes on the day. interesting stocks. adidas 73 dollars $.83. trading higher. they said selling reebok. -- adidas $73.83. siemens is down, a report they are selling three businesses. and on fr

i'm relying on manus cranny to make this more exciting. manus: it might be a little bit difficult. a lot of people are focusing on what draghi has to say. he made those opening salvo comments last night talking about lower growth. you also have janet yellen later in the day. we have the longest winning streak in stocks. looks like we are about to break that. a little more investment spending than consumer spending going on. yellen draghi, carney, all speaking in riga. no real optimism coming through from that. no substantive answers coming through at all. harris unchanged. the dax has yet to get itself open. this machine is not helping me today. waiting for richemont to open. down 8%, nothing to laugh about there. they are not changing prices of their product. cartier watches you think of those exclusive brand names in the richemont family and their sales are under pressure. areva bank up 8% yesterday. i can't even talk for long enough to get those through. let's move it along. dollar down, yen strengthening. bank of japan leaves quantitative easing at ¥80 trillion. will they do mo

let's get the market open with manus cranny. manus: the bond market as you say were just coming off those highs in the german government bond market. again this contagion is right. it is going into the equity markets. let's look at the bar charts. today we get a slightly longer day. are these yield sufficient to bring demand in? yesterday the 10 year government bond market auction has been in best to demand since 2011. are these yields offering a proposition of value in a zero interest rate environment? it is a zero interest rate market in japan. u.s. treasury yields are declining this morning. a busy equity market open. equities are declining. the dax is 8% off of its highs of the year. investors are taking money out of europe for the first time in 2015 according to bank of america. $1.5 million, you may say is not enough -- a lot. let's go into the dax and see what is driving and asked. equities are a touch lower. some individual names making headlines. telefonica down. the orbiter, that was in line even though the net income

manus cranny has got your tuesday morning open. >> thank you for that. we are looking at a slight drop this morning. in paris down 2/10 of 1%. some of the key focuses. aldus agrees to buy 70%. we will have caroline go through that story. we have the story that draw he -- mario draghi may do a deal. a guilty charge for fraud on libor. it exonerates him from a guilty plea in foreign exchange. we are waiting to see it is a huge issue marks and spencer is down. the question seems to be around margins. the dollar is stronger going into margins. we are waiting on those minutes. day four and the decline of dollar sterling. you're looking at a 3% rise. how confident is the fed? we have to focus on price for you. he is not making a deal yet. manus: we have vodafone stock. wednesday morning. i will bring you an update on the story. another big story in the corporate world this morning. ubs saying it will plead guilty on libor conduct and will pay fresh fines to settle. they are poised to pay fines. what do we know? >> they announced what the others are going to ge

manus cranny has got your european market open. manus: you're right. you covered some of the top lines in the market. let me show you how this looks in the maps. you're seeing this precipitous fall on the shanghai index. you have three rate cuts. liquidity up plenty. draining liquidity. we understand from our sources. looking at the nikkei there. as you can see, dollar yen. traders got fed up trying to short the euro. they have switched the gun point back to probably higher statistical hit. which is the yen. we are pacing the yen touching levels up around the year-end cause. it is around 125. you're at a 12-year low. the longest winning streak since 199 . what happens in asia -- what is driving europe? is it the potential for a grexit or a default in greece? is that contained? brinkman ship is dangerous. we have g.d.p. numbers in the united kingdom. eurozone confidence numbers later on in the day. the question you to ask yourself is will they reach any kind of -- marks and spencers in the u.k. kingfisher popped up there in the top three stocks on the u

manus: equity markets are taking their cue from the record breaking trend. we have japanese markets. topics at a seven-year high. the momentum might change. we have a little bit of data. we have consumer prices, but it's down to the autos. 20 straight months of rising auto registrations. stocks up 1.6%. monthly sales rose by 13% in april. bmw saw a slightly smaller rise. still that euphoria. this was the best run of gains in new models of car registrations on record in that marketplace. let's see what vodafone prices are coming in at. it is down 1.8%. caroline will run you through the numbers. it is what happens next. where did vodafone go? the stock actually declined. the utilities down a 10th of 1%. the dax isn't actually open. the cfo was saying they spend more with pfizer w an spend more on research and development. momentum beginning to grow. this was the worst performance in months yesterday. they are about to do a deal. down half a percent. when you look for interesting moves, you have got to love the market. ozzy dollar virtually unchanged. they are

mark: manus has been speaking with the ceo.wn he sees is the biggest risk to business. guest: the biggest is this risk overall will be a new global slowdown in terms of growth. i think we certainly have the business that is pro-cyclical to gdp. the environment we are in, if we can continue to have a reasonable recovery and that will lead central banks to get back to a normalized rate environment and that is really what i think all of us in the financial services industry whether you are talking to banking or insurance, we would like to see those moves back to positive rates, let's get -- see rates return to a more normalized environment. hopefully the fed will be starting that process. mark: you will not ask the ubs senior economic adviser about earnings. coming back to greece it is uncertain and it is sort of chugging along. where are we going to be in a year let's look further out which gives everyone enough time to resolve many of these issues. where are we going to be in eight years? george: it is possible we could still be

manus: i want to talk about liquidity. you look at a picture and see one color dress as a but he says it is another color. when you look at the bottom market, lack of liquidity, does that make some people think it is the end of the bull market when it could just be a lack of liquidity and higher bond yields and there could be a turnaround? bill: the critical thing with what we call the liquidity trap is the perception if you are taking a view on markets and playing them, you could end up trapped. the liquidity even in the u.s. treasury markets means it is very difficult to exit large positions. that means people are going to try and get out of the crowd early rather than wait and see. that is why we are seeing some of them exacerbated. that does not change the fundamental flow. the reason these moves are happening is due to the situation we have in terms of economics, and terms of the fact bonds are so unattractive. it is the reaction that exacerbated by lack of liquidity. that terrifies people. jonathan: let's talk about

let's get to manus cranny. manus: equity markets a little bit flat. will greece get a good report card from the finance ministers meeting today? when you talk to our colleagues that seems to be the complexion. airbus is one of the big decliners on this market to this morning. andrea we will talk to them later. they had the accident on saturday over spain. the plane is grounded. the u.k. and german air force have those aircraft. the project was 25 billion euros in of the making. 5 billion euros over budget. a human tragedy and of course another substantial issue for airbus to deal with. lend -- london, from the euphoric highs on friday. continuing its rise higher. stocks in europe up 1.4% last year, the best week. china's rate cut has had very little impression so far. it seems to come down to the discourse in germany. especially and number will administration. support for the merkel position ticket greece at any cost. -- especially the envelope merkel administration -- angela merkel administration. job cuts last week but earnings came out of this morn

the national highway safety administration says the recall involves 11 manu it has created a patchwork of solutions that might not fix the problem fast enough. >> it's confusing for consumers that have these vehicles because you can't always get them fixed right away. >> the national highway traffic safety administration started the legal process of trying to take control of production and delivery of those replacement inflators. >>> a graceful good-bye from dave letterman, but can't really say the same thing for the set that played host to him for so many years. we'll show you the rough way crews were taking that apart right after the break. >> it is a rather cool evening, but thankfully we're saying good-bye to the rain. earlier there along delmarva and the atlantic and a couple showers in western maryland. we may see one or two this evening, but good looking forecast coming up after the break. >>> a man accused of killing three alexandria residents over a 10 year span says he disagrees with his attorney's request for three separate murder trials. peggy fox reports the judge has not

i queontinual compas de espera...y su hogardon manu sigue guardandas hemanientas de suijo.. 13;45;22 andieran por a las rramientas en clquier lado..13;45;35 13;;05 ahíos voy dejar, a lo mejun dia s va a volver asar, devuelta. yo piensque si13;49;13 es prable que esasherramientas de abajo continuen guardasas por tiempo indefinido, porque por ahora, su labor ser aprender a utilizar esta mano que muy pronto ser su ms nueva y principal herramienta... trt: 3;20 esperando a que le ponga la gorra a su pap las autoridades investigan el accidente y el establecimento donde eleazar compro los juegos pirotecnicos....m anana continuaremos con este reportaje especial, y seremos testigos de la nueva vida de eleazar con la protesis. de la esperanza... juanfra/ms --el precio promedio del galn de gasolina en california aument 53 centavos en las ltimas tres semanas. take vo --de acuerdo con la analista "trilby lundberg", el galn se ubic en un precio promedio de 3.76 dlares el galn. --segn los expertos, el encarecimiento se debe a la fuerte demanda de este combustible y al alza del crudo por el debilita

the bond market and manus cranny cannot wrap it all up. >> we will kick it off with a look at this thing it moving in a shut and the dollar-yen. we have not seen this since 2007. we go to the opening after the three-day break here. they are all back online today and they're waiting for the dax to open. the ftse is up early. you have the ryanair numbers and up 2.5%. from ryanair this morning, look at that. they bring it up through 2013 and 2014. the after-tax profit is up with a quarter of a billion euros better. this year is at 10% and the market really likes it. these guys are going for the customers in the next couple of years and 27% of that is families and they have been a critical part of the strategy. there are reports in the journal that julius may face lighter financial penalties in the united states of america. this is in remarks to undeclared accounts. there was a fine levied against them and they got vodafone trading and are they considering the public offering? the shares are off. they have sales and customers. the stock is up. huge momentum. let's turn to the markets. it see

manus: amazing how these mergers were in the last throes with greece. the dax is down 2.2% last week and athens was down over 3% last week. to that and these equity markets have a little bit of reprieve. the cost of insuring yourself from a collapse is at the highest since 2012. the most expensive relative to the united states of america since 2006. stock investor sentiment is the worst since 2014. u.k. government bonds are the second biggest negative, looking at a lloyd's investor. the equity market up a bit. let's see what is moving. be a little bit of -- be a little bit careful of valuation. what you have got is the assets being moved or sent off. some of the individual names we're looking at they will deliver their numbers this week. the sunday times is are you going to share a buy back? or an uplift. the first annual profit in a number of years. you will see a similar process here in the united kingdom as we saw, the assets being taken out. you take the assets out in the stock is readjusted. now this is the kind of headline you see at thomas cook.

manus: china's numbers are disappointing, should we be worried about the contagion? according to larry summers, equity markets are lower. we have had a conversation with specter dynamics. they believe no sector is expensive. we are seeing analysts downgrade profits. they also say autos may well be of interest. equities are opening lower. deutsche bank is making a run this morning. some individual names are certainly worth taking a look at this morning. george osborne has reappointed the cafferty of the npc. npc. tesco is up 1%. potentially after mr. clark's termination. deutsche bank's flat at the moment. the challenges will be raised. vodafone is up 13% -- .13%. what they have said here is that the standalone process for vodafone is something they are questioning. they need to reset the dividend strategy. they need to contemplate taking liberty as being the senior role. that is something they are saying. operating synergies could amount to $22 billion. they really do like that tesco news. after that payoff to mr. clark. the mining companies, why am i surprised? chin

. >>> right now we're working to find out whether the manu emt will open today. an electrical issue forced the monument to close yesterday. we'll sent out a push alert on the nbc washington app as soon as we find out whether the monument will open. >>> new this morning, the alexandria courthouse is closed until further notice due to electrical problems. the courthouse could be closed as late as today or monday. >> oh no! >> the conditions a texas family says they had to endure as their home began filling with water. >>> a hot and humid look at your fire. storms could be in your future. >>> and out of japan, people are trying to get to safer grounds after the sudden eruption of a volcano there. a look at how many >>> the coast guard is helping to evacuate a small island in japan. it started spewing black clouds and ash about eight hours ago. the small island has 137 residents. they're all waiting at an evacuation facility to be recused. >>> if you have time this afternoon, you might want to take your kids to the park in gaithersburg after school. montgomery county

manus cranny the market open. >> we get a little more support from the center of europe. he does not sound optimistic. it is friday. it is all about money supply. money supply data will be delivered. money supply is expected to come in at just under 5% of the whole of europe. the average money supply is expected to show growth of four and a half percent. it gathered pace when yellin suggested we were in a different kind of mode. where we are with some of the individual names vodafone had the rating reduced by s&p. the debt rating has been cut. that's the third lowest. 449 for the current offer. get ready for more. that seems to be the news. they are preparing for a new offer of 500 swiss francs. we are trading below the current did. the market -- current bid. the market is a little bit unconvinced to do a deal at that price. they got tenants to stay. he is calling the bottom of the euro. it is going to base out around 104. you have quantitative easing. you have to really move on the machinations of greece. it really reinvigorated itself. you had yellin saying to get ready

so i became the lieutenant to a more experienced entrepreneur for four years a guy named manu kapur ata software company. and while i was there i learned a lot about how to grow a business. and so i then became the ceo of an education company called manhattan gmat that helps people do deathsing in the business school -- testing in the business school. that company was then acquired by "the washington post" in 2009. so when i was at manhattan gmat, i personally told the analyst -- taught the analyst classes how to do welch on this test, and i was like p man these guys remind me of my time at the law firm. they'd gotten really good grades and too long the hardest job offer they could get. what am i doing here? i should take the gmat and go to business school and hit the reset button and get 100k in debt like i did. years earlier. so when my company was acquired, i thought wow wouldn't everyone just be much better off if we could direct this talent to early stage growth companies where they would learn how to build and operate a business the way i learned in places like san antonio and ne

in new mexico -- host: manu is in l.a. . please go ahead with your comments. manu: isis and iraq.raq is the infiltrating by is is. the army of iraq. so, all of the weapons and equipment go to the hands of i sis. second, -- our prophet muhammad said life of a muslim is sacred. [clock chimes] our prophet muhammad. that's it. host: next up omar in terre haute, indiana. omar: good morning. i wanted to give a shout out to nancy in ohio. and tell her i love her. she made six or seven points and hit the bull's-eye every single one. i have called in and said that israel is going to be the destruction of the united states. host: omar, why, why? omar: because it is using u.s. moenney. we pay israel $8 billion poor day, every day month after month. host: 8 billion a day? that's 365 times 8 billion. somebody do the math. omar: maybe it is $8.5 million a day. host: 50% of our budget. omar: in terms of isis, here is my point. you need to go back to a guy named oded yinon. theh plan -- the plan from 1982. and israel's plan to break up every state in the middle east they consider a threat. you no

mark: manus is in hong kong with a look at the asian markets.hat is going on. >> good morning. asian stocks are headed to a second day of losses, not looking too good. a lot of volatility in the china markets, in particular. for the most part, there is some concern about the ipos coming out. 23 in total starting in early june could potentially be freezing up quite a bit of numbers -- money from existing equities, about $790 billion in terms of liquidity that could be lowered away. brokerages are tightening them were -- the rules on margins in london. shanghai composite up about 7/10 of one thing percent. the hang seng, down three quarters of 1%. a lot of this is coming from what we saw in the u.s. overnight. we saw some upbeat u.s. data coming out when it came from housing, manufacturing, consumer confidence, all beating the forecast, boosting the likelihood that this rate hike could possibly be happening this year. said vice chairman stanley fischer, also talking about this -- the rate hike is going to be a gradual one amid this weaker global g

>> is manu in it is the only team that you know, . [laughter] >> have a great holiday.ail release the state department will release to vendor 96 of her emails of mine. the spokesperson says and they will not change the facts for our understanding before we're following the story we will be ready with the emails when we get them. sells driving cars are going higher? details after the break. ♪ ♪ [bassist] two late nights in tucson. blew an amp.but good nights. sure,music's why we do this,but it's still our business. we spend days booking gigs then we've gotta put in the miles to get there. but it's not without its perks. like seeing our album sales go through the roof enough to finally start paying meg's little brother- i mean,our new tour manager-with real,actual money. we run on quickbooks.tha t's how we own it. stuart: the wall street show reports isis claims responsibility for n a bomb attack in a saudi mosque. it would be the first on saudi soil isis claiming responsibility for the attack on a mosque in saudi arabia. it is a big deal. loonies drivers the first self d