we're used to seeing mario draghi as a softy in europe.vider of any type of monetary or fiscal stimulus in the eurozone. what is fascinating is that there are groups of people on the european left to feel like he has not gone nearly far enough. i am going to talk to the finance minister of germany today. betty: are you going to ask them about this? brendan: not about the glitter bombing, but erik schatzker suggested a good question. what is potentially more dangerous -- is that the european right or the european left? both are very frustrated with the ecb. we see the ecb as a big softy in europe. betty: hans tell us a little bit more -- brendan makes a great point about these groups. some think mario draghi has not gone far enough in his policies. tell me how policies have played out throughout europe. give me a sense of the european feeling about the ecb. hans: it is very hard for mario draghi to hit the goldilocks notes. the main question everyone is wondering now that he has started quantitative easing is when is he going to end it? whe

while president mario draghi was speaking.e was hauled off draghi resumed speaking and said quantitative easing will continue until prices are rising consistently. >> until the end of september 2016. in any case, until we see a sustained adjustment in the part of inflation, -- stephanie: draghi left interest rates unchanged. do you remember when gnocchinokia was the biggest maker of phones? they have agreed to buy alcatel. the deal will boost nokia's position in china and give the company contracts with verizon and at&t. in fall river massachusetts a jury has found aaron hernandez guilty of first-degree murder. hernandez is convicted of killing a man who was dating the sister of hernandez's fiance at the time. he could get sentenced to life without parole. no more toga parties. no more flounder. i'm talking "animal house." dartmouth college has shut down the fraternity that was the inspiration for that movie. dartmouth was not happy that the alpha delta house branded fl esh of 11 new members. the frat had already been on suspe

how is mario draghi going field questions?'s completely not a monetary issue really a political issue, and they just had to get on with finding a deal as the deadline moves. >> the e.c.b. is extending emergency liquidity to the greek banks, even though this goes through the bank of greece, the e.c.b. is still responsible for that. if greece had to take a decision, like for example, not paying a coupon to the i.m.f. they be the emergency liquidity assistance could fall into question. if there is a question on that i would expect draghi to answer very strictly, very strongly on not allowing greece to do unilateral decisions. having said that, it is political decision. greece has the same g.d.p. as a large european city, like milan or madrid. so the size of the problem is manageable, but it is a symbolic problem. you don't want to give greeks free lunch. on the other hand, greece needs more flexibility because if you have 170% debt to g.d.p., you cannot reason in terms of interest rate cuts and discounting these gains over the ne

we are monitoring mario draghi's comments.rts talking, we'll be monitoring all of that. that news conference is expected to start shortly. >>> in the meantime, check out the european markets at this hour. france seeing the biggest gain it's up by three-quarters of a percent. germany up by half a percent which is where we got this music.music music. ftse is up. dow futures up 64 points s&p futures up almost 8 and the nasdaq up 18. stick around, we'll be right back. ...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. ♪ grind virtually any kind of food waste into an unending source of electrical power for a city? when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson. more and more, data is visual. in fact, the number of mris has increased by ten percent a year. and a radiologist might view a thousand images to find one tiny abnormality in shape, contrast or mov

switching to monetary policy now, mario draghi has not said anything very new. he's quite optimistic about the outlook for the economy but saying that is depending on the ecb implementing quantitative easing and to at least september 2016. if inflation picks up a lot faster than expected then ecb could stop the program earlier than september 2016. he rebuffed criticism perhaps there's not enough bonds out there for them to buy because a lot of bonds here in the eurozone trading with yields and ecb said earlier they are not going to buy anything with negative yields lower than the deposit rate which currently is at minus 20 basis points. but for now things look relaxed. next time we get the new stock projectstions from the ecb. the eurozone looking at the lower euro rate exchange which is helping the eurozone. >>> now to china where the world's second largest economy grew at the slowest pace in six years. investors are now looking to see whether the government will take any additional steps to pump up growth. >> reporter: china's gdp came in at 7% for the first q

mario draghi prepares to hold court a little later.ke a look at the euro versus nine currencies. as of today it is going -- it is only a 10th of 1%. year to date, the index is 7.7% lower. that is the worst performer the swiss bank -- swiss franc is the best. the euro index is down by 9.4% which makes it the third worst performing after the norwegian krone. the other currencies are the aussie dollar, the canadian dollar, the pound, the new zealand dollar, and the u.s. dollar. today's ecb meeting should be more imminent -- uneventful. a key questions he might face today, is tapering on the cards? are the ecb forecasts to optimistic? what is the latest on greece and the structural reforms? it probably will be one of the more uneventful meetings. caroline: you said it well. let's take a look at the other top stories. nigel farage just sent his manifesto and said it was serious. he pledged tax cuts and more spending on greece. president obama intends to drop cuba from a list of states connected with terrorism. it marks a shift towards resto

mario draghi would love to have the problem janet yellen has got right now. tom: jonathan ferro, we appreciate it. olivia, google. olivia: breaking news on google. the eu commissioner in charge of competition is raising a statement in brussels. following the news that google has officially been delivered the charge sheet from european regulators. the accusation is that they have abused their dominant position in european search to harm competition, essentially diverting traffic from rivals to the on-site. interesting to see what the reaction is and if that changes google's business model. tom: jason turner with us -- jason trennart. you can dovetail this into the doubt in europe about the way we play the game over here. it's a constraint on american companies. jason: we have a washington office, we focus on policy. i will say technology is probably one of the most politically protected industries in the u.s. it's largely left alone in many ways. i disagree with what europe is doing because i don't think it's a good way to develop their own economy it will pre

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 over at china with the 7% number coming in. it was in-line with where the government wants that. if you dig deeper, the industrial production looks particularly weak and it is all about rebalancing and refocusing on the sumer and trained. there is a bit of a slowdown. we have mario draghi facing questions on quantitative easing. can you believe it? people were wondering when it might end. we have questions of structural reforms. what are they doing? you have it easy to spend and come by. let's take a look at the market and the drag on the australian dollar. it is a big area of commodities and they supply china and show a little bit of a wobble economy. that will head foreign currencies. chief and i on this. let's have a look at the commodities. oil is up in the united states because iran is the second member to come out this month. they say, mayb

as long as mario draghi is good to his word. he has told us he will provide liquidity for the next 12 to 18 months he'll be buying euros so the liquidity basically is a promise from mario draghi to think that sellers would be rushing to the exit or shorters would be jumping in the pool, so to speak, i think is a little bit of a stretch. i don't expect that. i don't expect the 10-year bund to go from 10 asus points to 50 basis points but the key point is it doesn't cost you anything. historically, over the past, it cost an investor to short or sell a security because that's a negative carry. there is no negative carry here. you can basically do a written and winkle, -- rip van winkle go to an island, come back in five years, and know that the odds highly favor you made a lot of money area alix: good deal. thanks for joining us. stay tuned. coming up after the break, we will get views on greece event risk of their, and earning season with tech kicking it off today. ♪ alix: welcome back. here's a look at some of the top stories wer

e-mail us worldwide at cnbc.com. >> what's your nickname for mario draghi?> super mario but it's a very justified nickname. >> we'll be hearing from him later today. madrid plays host to the biggest names in travel and tourism this week. the wttc's global summit is back for the first time in 7 years. now the event kicks off against an improving backdrop for europe and the sector. travel and tourism now makes up nearly 10% of worldwide gdp. nancy joins us live from madrid spain at the wttc conference for us with a special guest. hey, nancy. >> that's slultabsolutely right. it's not just the airline businesses and hotel industry that's really seeing a bump it's the companies behind the scenes too. everything to do with tech and i. it felt. i'm joined by one of those companies. thank you for being here. i want to talk to you about your company specifically. we have seen a huge increase in he demand for tour. how is that impacting your business. >> we're linked to this industry through the airline space, hotel and rest of the players. as far as the demand is inc

they don't really like surprises so that is white mario draghi's words were welcomed. the exchange is stable due to oil prices. the latest numbers from china contribute to market tendency. china wants to grow slower and to steadier in a more sustainable way. that is a decision that would be a problem for some countries like india and brazil deliver raw materials to china. investors in europe do not seem concerned. that is what the green numbers seem to show. >> the dax closed flat. -year-old stocks 50 euro stox 50 -- the euro trading at a value of one dollar .75 >> lots more news coming up. >> european lawmakers have passed a resolution remembering atrocities against armenians that began 100 years ago this month but the turkish president is adamant that the killings were not a genocide. he says he does not care what the eu has to say on the matter. >> the european parliament has called a resolution calling on turkey to recognize the deaths of hundreds of thousands of armenians as genocide. >> the vote came marking the 100th anniversary just days after the pope called t

manus: mario draghi calling time on the drop of the euro.et against it. >> the lesson from the japanese experience, if you go buying bonds, there are a lot of domestic holders. you have to buy them from some of the foreign holders. there aren't enough around. our expectation is in the short-term, the euro will have a nice bounce because the dollar will selloff. but we would bet against the euro going further later in the year. mark: would you bet against sterling? many have. the pound has fallen wisely -- widely. if you look at how the pound performed after the election investors are not so worried. >> what we would highlight is that if the dollar comes off lightly than sterling-cable has gone far enough. i think that is the stress for us coming in to the election. the u.k. is dependent on the kindness of strangers. the size of our deficit means it will be that that determines -- the international response that will be critical. not the domestic response. our expectation is that labor has typically not been capital friendly. the conservative

mario draghi trending today. no surprises.an made a name for herself did she vaulted onto his desk at the meeting and through confetti on him while shouting "end the ecb dictatorship." jews taken away by security. our drug gathered himself and proceeded with the meeting -- draghi gathered himself and proceeded with the meeting. >> coming, oil trading near its high. we will ask our next guest after the break. ♪ >> if you look at the u.s. economy with the relevant strength compared to other economies, it explains the currency evaluation. it is coming from our strength and less strong economies elsewhere. focusing on the need for other economies to be stronger. >> that was u.s. secretary jack lew in an interview with peter cook. he'll meet with other finance chiefs and bankers from around the world at the imf. >> cap stories on bloomberg is our, vladimir putin takes questions from his annual phone in. defense ministers will gather in moscow for a two day conference on international security. on a plenary in australia fell -- the

but we didn't see mario draghi talk about bubbles much.ut why that impacts the euro versus dollar trade after the break. >>> the top of the hour, all over this big move in crude today, plus, bold predictions about the future of yahoo from the company's former interim ceo, ross levinson, you don't want to miss what he has to say about marissa mayer. >>> plus shake shack enjoying big ipo success. is it time to double up on the burger joint? >>> we go around the world with a five-star fund manager to find the best place to invest right here right now. carl, see you in about ten. >>> thanks a lot. let's get to the cme group and check in with rick santelli, the santelli exchange. good morning, rick. >> good morning, carl. today was an interesting day, being on trading floor, you get to hear some of the buzz as to what traders are looking at, what trade captures their attention and truly, you know not that treasuries don't have good volume at times. and decent ranges intraday, but if you look at the closing yield ranges, they've been tight. so t

olivia: we have a few more headlines coming out of mario draghi, who is speaking about greece.u want to dip in? he's saying that progress has been achieved on greece in the last few days. perhaps playing a little bit of good cop, varoufakis has been called a gambler and the tone has been critical. mario draghi is saying ela assistance will continue as long as greek banks are solvent but they may examine haircuts. tom: i've will go with haircuts. i love your haircut. francine, this is the same thing as the previous 19 meetings for americans. for francine lacqua, what is different? francine: you see the finance ministers being a little bit mad. this is the diplomatic way of putting it. to hans' point, for the first time we understand that eu ministers are calling greece. they are saying this is not fair. you are not negotiating so we cannot give you anything. is nothing different apart from the fact that nothing is different. you've had 22 or 23 meetings and we still do not have an agreement. it seems at this point nobody wants to have the legacy of kicking greece out of the euro

mario draghi was attacked by a protester at his news conference in frankfurt today.rotester jumped on stage and blue glitter at him before she was put in a headlock and carried off. mario draghi was not hurt and carried on where he said that there is clear evidence that bond buying is working and the economic recovery will strengthen gradually. >> the risks surrounding the economic output for the euro area have become more balanced on account of the recent monetary policy decisions, but falling oil prices, and the lower euro exchange rate. emily: draghi push back at the idea that the program could be cut short at the inflation returns to target earlier than expected. bank of america's first-quarter results beat estimates. profits rose to $3.4 billion and revenue was down 5%. noninterest expenses dropped 29% in the quarter, but some analysts were expecting to be cuts -- deeper cuts after litigation over bad mortgages wind down. the sec is concerning to ease limits of foreign ownership of american broadcasters. just last month, republican commissioner michael o'rielly

it is mario draghi and ecb's plan, to force more risk taking.on: what have you been doing at state street? rick: we are still risk on. we think the global growth is a little frayed at the edges and is still a reliable story for 2015. overweight equities. we have some overweight positions in credit as well. not a high yield, but in long-dated investment-great credit. taking a little risk in the portfolio periphery. jon: when you look at the euro and markets as well, we had the terrific move in the last three months. the euro plummeting, the markets surging, everything gets iffy. the call seems to be to the end of this, the euro bearishness is over. could this continue for longer than most people think in your mind? rick: there are different elements. the dollar has the potential to be in a multi-year trend. it could go on for some time. 2015 could be shock free if that is better than the european cyclical recovery is better than expected. the multi-you recovery seems to be persistent. the other is the earnings trend. u.s. earnings have been a lit

chief mario draghi unable to court that. a confetti attack. what happened. it's the last hour of trade. let's start the "countdown." ♪ >> we begin with breaking news in this stunning security breach in washington, dc. this one has shocked the capitol. just a short time ago. it's a gyro copter. one persona board person on boad landed. the pilot threatened of pulling this off. >> it's important to point out that fox has not independently confirmed this person's identity. it appears to be the same man who you talked about. who posted the video about his intentions to slide that copter. he's a postal worker from the tampa area. (?) he said in that video he wanted to protest campaign finance -- he would give a heads-up before landing. it remains unknown if anyone was indeed tipped off beforehand. but keep in mind, this area in our nation's capitol remains a no-fly zone. the capitol was momentarily placed on locked down. the president was briefed. in a completely different issue, the department of homeland security said it had informed high level fbi, cia, and dep

i would think your argument would be, hey, mario draghi is picking up the ball where janet dropped itat's big central banks. is that the reason people should be going into european stocks? >> well, certainly a lot of liquidity being dumped in by the ecb will help push up asset value. that's not my reason to be optimistic. that's probably a bubble more than anything else. i'm looking at the fact that there's been economic reform in a lot of european countries. corporate tax rates are coming down in almost all these countries. a lot of flat tax and private social security reform in eastern europe. southern europe, they've been forced to cut spending. there's a lot of free market reform in northern europe. so normally i'm a pessimist. i guess compared to where europe was five years ago, i think there are bright signs. >> what's there to be bearish about, garrett? >> first thing, good evening, liz. well, i have to say, the first quarter of this year has been something of a record breaker for european markets. it's up 20%, the dax. but if you look at the record of stimulus and what it does

we want to hear what mario draghi is going to do. all taking a hard stance against religious freedom was in indiana and arkansas that they say discriminate. many issued a joint statement to lawmakers in response to the so-called anti-gay bill. we're joined by the newest member of the bloomberg family. this is pretty unprecedented for corporate ceos. you want someone to stay out of the political fraker why are they getting involved? >> it is not unprecedented. it is unusual. david rockefeller, when he was at chase, spoke often about apartheid, which was important then. if you look at the 1980's, the first head of dupont, not a dupont, spoke out. it used to be that ceos would talk together and now they are doing it independently. a bunch of ceo's are based in silicon valley. they feel liberated to do that. so mark benioff, tim cook, they feel free to do that. brendan: for me this prize was walmart. you expect tech companies to do a certain thing, but walmart -- is it fair to say that that statement does not reflect arkansas values? doe

mario draghi announced that he will continue quantitative easing until he sees a sustained inflation. just spoke with jeff klein talk -- i just spoke with charles schwab and he says that it probably still in the table. when you look at oil prices, we are seeing a big rally their. oil is the highest this year because the latest crude supply data is that it was at the slowest pace since january. of 5% today alone. look at the dollar. it has weakened today. and of course, given that oil is up you would expect to see the dollar is down. it has proven to be the driver behind the dollar. sure, the rise has slowed a little bit but we are still up by 9%. a little later on, i will talk about netflix which will be reporting earnings. >> and of course, have a stronger dollar plays into all the earnings reports we will see. thanks so much scarlet. we now have a dropdead date for a great deal. we spoke to the german finance minister in an exclusive interview just hours ago. brendan joins me now as long as my guest host for the hour, the chairman and cio of cumberland advisors. brendan has been up

broken a job. >> in the ordinary course and what i saw is mario draghi had done that. stuart: you are wrong judge. you are flat out wrong and you sir, are wrong. if a banker would have decked a protester, he would have gotten a lawyer and said you used excessive force. >> you are talking about the natural right and the legal right to use one's fist to protect oneself and defend oneself. no criminal prosecution whatsoever. the reason i was chuckling is i agree with the protester. stuart: i do not want to go there. >> in what country did that happen? stuart: europe. >> europeans cannot defend themselves. stuart: criminal prosecution. >> you can use your fist to defend yourself. if she would have been restrained by security, loses the right to strike her because she is restrained. of course he can't defend himself. you never see that. stuart: you are wrong again. terrified of litigation from people. the left would just throw -- >> litigation does not happen in europe. stuart: i am talking about the united states of america. >> goldman sachs carrier would pay for the inter

mario draghi was unharmed. this is not the first time protesters acted out.member this, throwing shoes at president george w. bush in 2008. microsoft founder bill gates, got pie in the face. then there was the pie in the face in belgium. newt gingrich was showered with glitter in minnesota four years ago, just to name a shoe. liz: if you take a pick, the glitter bomb. david: although pie in the face might be fun. more companies doing it, using online personality tests as primary part of the screening process. many job-seekers, say the questions are idiotic and the process is impersonal. are they right or does it work for businesses? "wall street journal" lauren weber wrote all about it. we also have a company that advices companies on the test. lauren, some questions seem very indirect yet their answer, really could make-or-break a job applicant's chances right? >> they're indirect on purpose. the original personality test, these have been used in the work place for hiring purposes for a few decades. the questions used to be fairly straightforward. now they'r

. >>> mario draghi was briefing journalists when a woman jumped on the taper and threw paper and confetti at him. she soughted end the ecb dictator shift. draghi was not hurt. some blame them for hardship. >> looks like more confetti and glitter. glitter is bad news. he's be watched that out of his hair for days. jill wagner at the new york stock exchange. thanks a lot, jill. >>> straight ahead, how a new dad is getting ready to raise quintuplet daughters. >>> and swept away. a woman is swept off a cliff by a giant wave. we'll tell you how she was able to survive. >> announcer: this morning's "cbs morning news" brought to you by vagisil. intimate health. r intimate health experts. many wrinkle creams come with high hopes, but hope... doesn't work on wrinkles. clinically proven neutrogena® rapid wrinkle repair with the fastest retinol formula available, it works on fine lines and even deep wrinkles. you'll see younger looking skin in just one week. stop hoping for results, and start seeing them. rapid wrinkle repair... ...and for dark spots rapid tone repair. from neutrogena®. shopping onl

it is now trading higher after the ecb president mario draghi's comments on the european economy.nd the dollar is trading lower against the yen after the weak u.s. economic figures we just touched on obviously including industrial output and manufacturing activity in new york state. >> and back to the asia pacific there is a focus on australia this morning. >> a big focus on the jobs numbers. that's going to be the highlight for the morning. and that also follows a survey of consumer sentiment that showed sentiment falling below last year's average. australian resource related shares have been hurt by a slowing demand in china or slowing growth in china and falling prices of a lot of industrial raw materials of which australia is one of the biggest producers. but right now a bit of a mixed opening for the nikkei and the topix. we'll see how that progresses back to you. >> thanks for that update. >>> officials at japanese automaker toyota have announced their first major expansion overseas in years. they will build new plants in motion co and china, an investment worth more than $1

if there is a declaration, similar to that of mario draghi's of 2012, that the eurozone will do whatever it takes to remain indivisible and at the same time there is announcement of an agreement between greece and its international and european partners, on a number, especially fiscal matters, let's agree on appropriate fiscal numbers that not exorbitant as they are now. p sub is standings investment packages through the european central bank. a way to write off non-performing loans from the banking sector in order to unclog the clogged circuits. privatization policies and social security and safety rather than five things. debt restructure proposal that doesn't have haircuts and ends up giving more value back to the creditors through gdp and bonds. at the same time we attack, what i call the trilogy of sin in greece which is procurement, bureaucracy, the political system with a such a cozy relationship with the oligarchy and the media that play a toxic role in greek society and always have done. at the same time, we have reforms that then percolate down to the level of produce market su

mario draghi repeated a call for reform measures. -- aware of their limits.he imf singled out the eurozone in an assessment of growth potential across the world. those are your top stories this morning. let's get back to our conversation with steve schwarzman. erik schatzker joining me as well. we did not get a lot to talk about your real estate portion. you entered this megadeal with ge. given that there is always a cycle here with property, what can we gleam on your outlook? steve: you can be a buyer and a seller. at the same time, and do well doing both. the reason for that is when we buy properties, we have a reason for buying them. we are not buying a market. we have a saying john gray who runs our business popularized "by it, fix it, sell it." we buy them, do something to that property and write put in bees, new facilities. -- in lobbies new facilities and then sell it. on the buy side, supply and demand of properties in terms of do construction is under control. right now, we don't have -- in the united states and europe there aren't that many cranes.

carl: when mario draghi said we will do what ever it takes investors believe 10. japan has always been taking half measures. alix: the fed did. carl: when the fed move the currency fell. bank of japan, people just have a lack of conviction they will stick to the course of action. alix: it is a big week. we have a summit of the americas. we are going to hear from angela merkel. congress returns to washington tuesday. wednesday super busy. we have the ecb rate decision. ipo pricing for nc and virtue. we have inflation on friday and earnings kicking off. we have jpmorgan, bank of america, goldman sachs. carl: retail sales on tuesday. consumers have slumped in q1. it is all about how much the economy can bounce back. alix: talking about earnings outlook and where you are betting into earnings season. chad: flat for this year. when we look forward we are overweight on consumer staples and make a cap technology stocks. when you ask out -- x out, you will have ratings growth. this is not great. the deceleration of growth. i believe the imf will start to lower their forec

market dispense have been drunk from mario draghi's kool-aid. there has been alcohol in it. i think the hangover can be difficult. one of the hank that's one of the consequences of what is going on in greece is you have a lot of negative yields. that has created a bubble situation from fixed income assets. what am i holding? is this something of value? is this currency gain? maybe the tide is going to recede. i am concerned. people waking up and realizing that he may be getting ahead of himself. jon: we will talk about that bull market. coming up, payday in the u k. we take a look at the final days before the election. guess who is about to come america's best paid ceo? he is under 40 and was paid to educating million dollars. -- and was paid $280 million. jon: good morning. welcome back. i'm jonathan ferro live from the city of london. a little bit later this morning. the last reading of u.k. unemployment before we go to the polls. we had a big debate last night. bloomberg politics anchor joins us for a little bit more. anna, the highlights? perhaps the highlight was there

and moving over to mario draghi in europe right now.nt to bring up a chart for those of you on radio. it shows the share for american investment, actually growing for the -- actually growing rapidly in the last four years. why is our portion of the debt much larger? lisa: right now, our deals in europe are plummeting. and the risk is creeping up. u.s. companies are saying, we can go overseas. we can sell debt to the yield start european investors -- which they really are, talking trillions of dollars of negative yield there. if you have a positive yielding u.s. junk-bond, it looks fabulous in europe. and even if these companies do buy cross currency swaps the differential is still cheaper for them right now. it's still cheaper for to sell debt in europe. olivia: and its companies including huntsmen that are still able to get a bargain. actually, thinking of the big story in the news this morning $70 billion acquisition i shall of e.g. group, shells corporate yield is close to you zero -- is close to zero. robert: you could argue the u.s

. >> mario draghi. interrupted by a protester at a news conference this morning. look at this.inaudible] stuart: okay. take a look at the video again. she was saying and europe's tank dictatorship. he said nothing that would move the market. yes. it is april 15. tax day. libertarians. judge andrew napolitano calls taxation theft. do you agree with the judge? we will ask everybody. look who is here. mary kissel. his taxation theft? >> no. raising our tax rates to some of the highest in the world. >> there is nothing in the constitution that says the government can come and take my money. >> i do not like our tax rates. i do not think we need tax rates right now. is it theft? >> no. we can vote somebody into office if we want to do that. taking away the income tax. what we really need is a low flat tax. >> mary kissel says, no, it is not theft. this is a classic case today of that economic news being good for the market. a couple of other smaller scale indicators. of those that dow. we will have zero interest rates as far as the eye can see. look at loyola. $55 a barrel. this up

the most recent, to fight deflation i think mario draghi is doing a good job.nk you very much. stay with us. scarlet fu will have another edition of off the charts on the other side of the break. we continue in just a moment. ♪ mark: the anticipation ahead of apple's's quarterly results, big swings. scarlet fu checks it out in today'is off the charts segment. all eyes will be on this one. scarlet: you're seeing a lot of this take place in the market. let's pull up the first charter we will see two separate lines. the white line their tracks the volatility gauge for apple. the tracks prices for contacts tied to apple shares. volatility in apple has been trending higher over the past year, but especially in the past month. volatility in the nasdaq has been trending in the other direction and has fallen about 2.5% in march. as pull up a second chart, which makes it clear. it is the spread or the difference between those lines. you can see the line moving up 2.4 on the far side. that means it closed at 2.4 times the level of the nasdaq 100 last week. the highest re

mario draghi was to detail the program and answer questions from the audience. as we know, it did not quite go that way. a couple of minutes into the conference, he was shouted at and showered with confetti and a protester repeatedly shouted to end the ecb dictatorship. let's bring and andy. i have never seen anything like it. >> i thought i understood what it was. it is a whole new thing. >> it is a great picture. the ecb vice president has a big smile on his face and he seems to find the whole thing thoroughly entertaining from the -- entertaining. you have this theater. there was a debate to buy. >> you talk about the german bond and the equity will be losing money and they set this thing up. the germans say, if we do, we do not want it to distort the markets and the ecb says, of course. this is a distorted market. the european bond market. >> they say they do not see any problems with scarcity. the ecb can't touch that's -- this stuff. >> it would be great with their money. let's by the greek bonds. there is a scarcity thing. what they are trying to do is li

as your rants -- as european's see no progress on greece, we hear from mario draghi later in the program. welcome to "the pulse." we are here in london. it is a busy morning. francine: we are just getting some figures. confidence at 108.6. it is a good indication of what germans are thinking after we had some dire pmi figures yesterday. guy: this is a survey of business in germany. it is 108.4. the median expectation was 108.6. the current assessment, 113.9. francine: when you look at the breakdown, expectations are lagging. the current assessment is a little bit high. let's look at euro-dollar. guy: let's look at what is going on. a little bit of a rally on our hands. that was generated a little bit earlier on. 1.0892. francine: fitez, -- futeex where authorities say the man who caused the flash crash work. guy: ryan. ryan: we are on futex's trading floor, where navinder sarao worked. he spent the better part of his 20's here. this is where he learned the abcs of training and honed his skills. important to note is the period after he worked here. specifically 2010 and the flash crash. t

as your rants -- as european's see no progress on greece, we hear from mario draghi later in the program

christine lagarde and mario draghi were confident.ed to bring reforms to four wishon is what lagarde said. we have very little time. there are payments at the end of the month and pinches and wages and a payment in may for the imf. they may run out of cash. it it does not mean they are exiting. it is a big difference. missing a payment and they have time to sort themselves out. it is not an exit. the liquidity will be given to the greek banks. we are looking at a cash flow shortfall over the next few weeks. hedging our along the bond trades and the next few weeks. jonathan: let's say the big "d" word and they default and do something unprecedented for a country when it comes to paying back the imf. it does not necessarily mean a grexit but could they be forced out of the eurozone? alberto gallo: i do not think so. it is a long process. the creditors do not really want to deal with the current government. the current governor -- government has burned some goodwill they have. if there was a missed payment in may, you have a grace period

a protester jumped up onto a table where president mario draghi was speaking.emanded an end to what she called the ecb dictatorship. the woman was taken into custody. after a short break, mr. draghi resumed speaking. interest rates, unchanged. aaron hernandez has been sentenced to life in prison with the parole following his conviction today of first-degree murder. a jury in massachusetts found hernandez guilty in the shooting death of odin lloyd who was dating the sister of hernandez's fiance. the conviction will be automatically appealed to the state's highest court. hernandez was selected by the patriots in the fourth round of the 2010 nfl draft. coming up stephanie ruhle's exclusive interview with stand druckenmiller and his take -- with stan druckenmiller. the president with the boston -- the president of the boston celtics. at 2:45 the spring housing outlook. stay with us. ♪ mark: stan druckenmiller has one of the best track records in the history of investing. he spent years working with george soros before striking out on his own. his fund was returning

a protester disrupting mario draghi's news conference. >> the european union filing anti trust charges against google. >> earnings, bank of america missing. first up a stunning development at the ecb news conference after president mario started speaking he was interrupted by a female protester. take a listen. >>> this is immediate coverage giving the protester everything she wants. they left rates unchanged, guys after the first month of qe running at 60 billion euro's a month. >> i have to tell you. yes, those are pyro techniques no doubt about it. i believe central bankers say in germany who aren't upset it's over. it's been that aggressive and i think the big issue will be are they going to let him continue a program that has already started growth because growth's inflation. >> was she protesting negative rates? do we know? was she upset about the fact that i don't know. you're almost at 10 years now on the german bun where they're paying, where you're paying them. >> 13 basis points this morning. >> that's what you get. i don't know what she was protesting. if you go to throw con

. >>> for how long because i spoke to mario draghi earlier, and i asked him what the risk is. >> i think risk is more that they will continue to have this kind of policy in place and therefore it looks like a lot more than the dax policy because it's the dominant policy but i do think thes carry a lot of side effects. the longer they are in place, the side effects become more pronounced. a fixed income investor pension fund can survive a list. but it becomes two years, three years, a more persistent outlook, it becomes more. >> we're looking at insolvencies? >> one thing has to give. what has happened in the past was this defined benefit schemes were scaled down so what is defined benefit might not hold up. ultimately, i think it's not sufficient to look at pension funds or insurance companies. you have to look at the clients behind these institutions and ultimately if those institutions cannot deliver on those promises, they will have some adjustments in the regulatory environment to allow them to not move toward insolvency and then it is about scaling down the promises that they have m

so i think mario draghi is on the right track in starting the kinds of reforms that angela merkel and others have called for for a long time. but i have also said that at a time of such low demand and hidden seven flechette in -- hence -- hints of inflation that we have seen over the last couple of years, boosting demand is also important. having flexibility in fiscal targets is also important. the sustainability of structural reforms depends on people feeling some sense of hope and progress. it is my view with respect to europe that it is not an either or situation but a both/and situation. sometimes it gets framed as, what is best, austerity or structural reform? if the labor markets are too stuck, then it is very hard to hire, particularly for young people. if there is too much bureaucracy to start a new business, then businesses will go elsewhere or entrepreneurs will start a business somewhere else. so i think mario draghi is on the right track in starting the kinds of reforms that angela merkel and others have called for for a long time. but i have also said that at a time of su

plus, bill gross himself joins me to talk about what he considers the short of a lifetime and mario draghi's sand. "street smart" starts right now. here are the top stories we're watching ahead of

shocker from europe's central bank a quiet press conference disrupted as a girl jumps on to mario draghi's desk and dumped litter on his head. the woman was quickly restrained eve leaving the ecb startled but unhurt. linked to a radical feminist group. falsely registering as journalist. i have to tell you this makes me a little bit sad, john lonski, no one in our country is passionate about monetary policy. this would not never happen here. >> remember, they have negative bond yields, negative interest rates in europe. this is what happens when interest rates are below zero. when you as investor have to pay money for privilege of lending. >> let's be clear. this is concerted effort by the left. this is not just monetary policies. they're attacking establishments. bill bratton walking through times squares square through red paint. he is police commissioner of new york city. radical left in this country is more radical than the right this country. they attack public official. >> goes to the security question about the gyro copter. she registered as a journalist from germany. >> ed koch some

its president mario draghi was speaking. the woman launched herself on the table in front of him.nd proceeded to glitter bomb him as it's expressed. draghi, and then tossing papers in the air. she was shouting, in the ecb, dictatorship. the ecb said she registered as a journalist. she had gone through an identity -- she had put her bag through an x-ray machine. they did not know how high her vertical leap was. and apparently how much glitter she had on her person. up next, farmers in california fed up with being blamed for the state's historic drought. and they're fighting back. an illinois man engages in the terrifying journey through the center of a massive tornado. we'll show you what happened here next. stay with us. ♪ congratulations. you're down with crestor. yes! when diet and exercise aren't enough, adding crestor lowers bad cholesterol up to 55%. crestor is not for people with liver disease or women who are nursing, pregnant, or may become pregnant. tell your doctor all medicines you take. call your doctor if you have muscle pain or weakness, feel unusually tired have los

i have to say i think we hear from mario draghi too often.we hear from the feds. >> a lot of noise coming from the fed and various officials. even more importantly now ahead of the potential rate hike. that's why we're paying so much more attention to it. >> we have to ignore what they have to say and look at the data. that's the only thing we can get a good handle on. >> they continue to be data dependent. that would make sense. ignore what the fed officials say and focus on the woman at the top, janet yellen. she knows what's going to happen. >> let's bring in the global strategist. what is your expectation for the first rate hike? >> we had seen lacker last week in my hometown making the case for the june rate hike. we think september or december. data dependent. we'll have to see how the data comes in. our expectations is data will improve and a lot of this was tide tied to the weather. >> overnight we heard from the imf that increased concerns that when we do get the rate hike that there's the risk of another big taper tantrum. is that y

its president mario draghi was speaking. the woman launched herself on the table in front of him.oceeded to glitter bomb him as it's expressed. draghi, and then tossing papers in the air. she was shouting, in the ecb, dictatorship. the ecb said she registered as a journalist. she had gone through an identity -- she had put her bag through an x-ray machine. they did not know how high her vertical leap was. and apparently how much glitter she had on her person. up next, farmers in california fed up with being blamed for the state's historic drought. and they're fighting back. an illinois man engages in the terrifying journey through the center of a massive tornado. we'll show you what happened here next. stay with us. ♪ ♪ lou: tornadoes packing up 200 miles an hour winds touched down in three midwestern states last week. and one northern illinois man captured his drive through one of those massive twisters on his cell phone camera and lived to tell the story. >> that is scary. the truck -- oh, my gosh. holy smokes. oh no. yeah. that is completely crazy. [wind blowing] >> the truck f

mario draghi is expected to recommit to the bonds stimulus program here in the united states.ased on this morning, nokia is buying french telephone lucent. it 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 z