i'm long mpc right now. i might take off my position before earnings. a big buyer of the may 92 ½ calls in mpc. i'm long all these names via calls. >>isn't it interesting that there's so much call buying going on in all these oil names? we have the situation escalating between russia and ukraine. does this tell you something? >>it just tells me i think these stocks are going higher. i've been on the show beforeeca, valero, tesero. now we have a new batchwe have apc, mpc, and chesapeake to look after. the call activity looks like speculation. calls are bought either as hedge against a short stock position or speculation to the upside. all these charts look great. i think they're going to break higher. it sold off a little bit on friday due to the ukraine and russia tension. i think things will get panned out by next week and i think the market and these stocks specifically are going higher. >>thanks for coming on the show andrew. >>thank you. before we take off today..some of our viewers let us know we should have expanded our song playlist.. on traders

we'll see whether that moves around on some of the dialogue from the mpc. we've seen stable dollar action today, the australian dollar has been the exception after the big drop in the cpi numbers today, changing expectations for an interest rate hike in australia later this year. 9278. euro bouncing a bit on the back of the numbers out this morning. >>> joining us now, nick nelson, head of global equity strategy at ubs. nick, welcome, nice to see you. earnings have been interesting. ab foods, let's start out with a positive one. big spike in the stock price. the u.s. market getting the brown bags with the blue primark. >> it's that part of the business rather than the sugar business that seems to drive the price. we've moved to the stage in the cycle where it will separate the winners and the losers. it's about delivering the earnings now. companies that deliver the earnings, like we've seen with ab foods will get the share price response. those that mitt will get penalized by investors. you have to show investors of the companies that they can generate ear

theaw news being broken by mpc.at the fact that a rapid rise in interest rates in the u.k. could be destabilizing. that is a little bit obvious, but it goes back to the message we're hearing that rate hikes are going to be gradual. currency, let's get into the underworld. the criminal underworld. wandering money is getting easier. are talking about digital economy. it takes just a click of your mouse to commit a crime. sam grobart reports. >> pretend you are a criminal that is carrying around a big bag of money for all your nefarious deeds. so big that the cash in your back will get you a visit from shadowy men in dark sunglasses. you need to launder the money. here are the two common methods. the first is digital. people hide large amounts of money by setting up an offshore company to park cash. there are companies online that start one up in minutes. a few clicks of a mouse and jim's caribbean imports exists. it may be hard to believe, but this is legal. from here, money can be wired to new companies in small amou

we could still see the mpc on hold.pc very good chance of the starting to think about using their maximum potential. we have been looking at the bank of england in the past, we have tended to be quite lazy. more recently, these -- well the easing scenario where we are seeing much broader range and the channels that we need to reach to affect the economy. when you think about the f pc in >> thanks together -- for your analysis. chief european economist at rbc. big hollywood names own vineyards. we sat down with a professional wine taster to find out. >> as you can see, we have a lot of wind behind us. bergman to try to drink it all tonight. this is a 2010 vintage. full black foods, black raspberry black currents. as one is rich, powerful, and the wine i could put away my wine cellar for the next 20 years. medium and style, good acidity. without acidity of wine will never age. i can see this wine all day and not drink it. one of the great food wines that is ready to drink when you buy things aboutf the pixar is a label. t

we have seen a a string since the mpc. more recently, we have had the opening up of shares which could raise capital for banks and the reverse takeover pacific which is showing more and so he reform initiatives -- soe reform initiatives. it is cheap -- it seemed to spark of this change in a leadership in the past few weeks. if you look at valuation, you have a chart and they're now. it is a case where the technology and health care and dearlyr staples are more prized. the old economy stocks are much cheaper. valuations, not really a hurdle. further execution on a policy initiatives. we turned it a real change. continues, we have a possibility for this to sustain. research actor of bloomberg industries. a little bit more. china is strengthening its grip on a couple of markets. a group led by china is buying in a peru. billion.ting $5.8 the deal would help glencore win approval. accountinge biggest for half of global demand. coming up, prospects for precious metals in the coming months. that is the global outlook when "on th

in the mpc, we're expecting no change today. people are talking about the shake-up potentially making it more possible for hawkish moves and the big question, i guess, ross is, are they going to do anything to rates before the election next year or will it be after the election? because what we know is that the government is really pinning its hopes on this huge economic recovery that has made britain the biggest growth story out of all of the developing nations at the moment. >> yes. it's a fair thing now. the interesting thing is whether we're going to see financial -- the financial policy committee being used ahead of the monetary policy committee to make tweaks to the uk economy first. >> i think you're right. one of the things mark carnie, the bank of england governor has said, it's not just monetary policy that helps sustain a healthy economy. we have other tools in our kitty box as it were, and one of them we're going to see later this month, that's the mortgage market review. that will bring in measures to try and contro

going -- it's going to be the longest established internal member of the mpc. he clearly therefore becomes even more first among equals than he has been up to now. i'm sure the new members will speak their minds when they see fit. it is likely they will take their lead from the governor, and he seems very set on this. suggestsic research people are more hawkish when they first join, but we will wait and see how they behave. even if it gets back above, you don't panic? >> that is the difference, that we have genuine strength. inflation is falling much faster than the bank expected. that has enabled them to keep control of the front end. face-off,inues the the front end will stay where it is. usjust ahead, manus joins with his first exclusive interview of the day. he will speak with the head of ubs wealth management. >> the ubs wealth management .ummit, right here in davos join me for interviews and opinions from the chief investment officers from around the world. how do you navigate these markets? hopefully, we will have the answers. ♪ >> welcome back to countd

in the not interested mpc. i have not applied for this position.position of vice governor. i did not get the position. i would not apply for the -- i have a lot of projects link to europe and italy. -- follow thesay bank of england as a commentator and academic. >> thank you very much for joining us, professor. joining us from the workshop in italy. to -- we will take a short break. coffee break in the u.k. we will look at the growth of that market. 20,000 people are expected to visit the costly -- the festival over the next few days. ♪ >> time for today's company news. they will make a game console and china after the nation lifted a 14 year ban on the devices. is multimedia's game player compatible with android systems. they can be played on any tv. extended sales of smoke alarms after they -- suspending sales of smoke alarms after revealing they could be turned off unintentionally. they said they are not aware of any customers who experienced this problem green bay bought int for fish in february -- february. thatgrowing concern internet compani

is that an mpc problem? the pound is faxing -- bouncing back.boston marathon bombing. the city has transformed security with a new program called eyesight. the company behind it says it so effective they can detect crimes before they even happen. adam johnson reports. april 15, 2013. two bombshit by during the marathon. within weeks of the attack, the boston police call behavioral recognition systems and ask about a new time -- kind of technology. >> this is an advanced artificial intelligence. >> is a former secret service agent and the president of brs. it is called eyesight. it can analyze camera feeds in real-time and learn what is typical behavior and send an alert when spots something out of the ordinary. >> and we'll figure out things you would never have thought of looking for something. our system will find that an alert us. it is different than what we usually see. it has taught itself what to work for. >> we went to see how it works. how does it work? >> we have a camera set up in the hallway behind you. walk like you are a normal guy

of the financial policy committee coming out and using their box of tools before any action from the mpc're still suggesting peb of next year. they could move earlier. i wouldn't be surprised to see them move even in november given that i think the market slack at the bank of england is focusing on it and shrinking. employment is rising. wages are picking up, too. i think that's clear evidence that the slack is eroding and that will eventually feed through to higher inflation. i think they skew to an earlier movement than we're suggesting. we're already seeing them take action to move the fupding for lending scheme to move to corporate sector sending. we could see them kbo down to the likes of canada or new zealand where they make lending much more strictly prescribed on availability or affordability. so i think that could am in the summer time. there is the ris they can do take more aggressive action. there is no supply coming through. it is very much demand led story. prices are only going to go higher at this rate. >> james, good to see you. thanks for joining us. james knightly at in