nestle in india., it does have an impact on the group, but it is a pretty small potato in the greater scheme of things. francine: do you like the company overall? how does it stack up compared to its competitors? jon: as i said, i think you look at some of the competition, as we have gone into the slow down. really on the back of the emerging-market weakness and an ongoing softness in the developed world. lower commodity costs don't help in terms of the ability to price. you look at some of their competitors, they have seen lowr sales growth half, single digit. in the case of your little -- of univlever. nestle has missed its sales growth. but it's barely missed it. what has been in atrocious environment for consumer staple companies. it's certainly the most offensive in the space. the stock is never going to double over the next couple months. there is capital preservation. you cannot look too far away than nestle. as i mentioned, 5% organic sales growth. improvement. has a buyback which is very supp

will to come, nestle separate from europe. -- earnings per nestle. ♪ jonathan: good morning and welcometo bloomberg tv. let's get up to speed on the top stories. china's central bank dropped its reference rates. they lowered the rate by 1.1%. theught says it gives market a greater role. tianjin had an explosion last night. an official said the blast killed 44 people. they say the largest of the blast equaled a 2.9 magnitude timber. lawmakers will work on a package of reforms for a bailout. germany's government works on , they say a bridge loan might be an option. the eurogroup is set to meet in brussels tomorrow. 41 minutes past the hour here in london, let's get up to lead -- let's get up to speed on earnings. nestle had an upswing in demand from europe. elliott: water and nutrition are doing well. their soup business is also showing promising signs of life. their organic sales growth is beating estimates. the company is reiterating its outlook for the full year. we have seen the shares rising. it puts them up overall for the year. before this morning they were down by .5%. they were c

the recall causing nestlÉ india a quarterly loss as maggi contributes 25% of all revenues to nestlÉ indias 25,000 tons of noodles. the government is seeking punitive damages from nestlÉ. theysts are not worried will be able to successfully put this evidence showed -- this episode behind. india is the biggest market for maggi noodles. 3.7%,ock rose as much as the most it has seen in seven months, after the news came from the courts. nestlÉ india has said its products are safe and meet international requirements and standards. causedernment recall has widespread concern after a lab found a product unsafe to consume. nestlÉ has been grappling with a slowdown in china. now the increased value of this was franc -- of the swiss franc. happy independence day. i can see you are wearing the traditional costume. breaking news for you at this moment. the malaysian ringgit falling below four dollars. the lowest level since 1998. the malaysian ringgit at the lowest level since 1998. in "asia edge." ♪ john: i'm john heilemann. mark: and i'm mark halperin. with all due respect to mike huckabee and his l

nestle is one of them. will the auto's rebound?ming out of the chinese central banks.

. >> investors feast on nestle after they win a court case in india over a ban of its noodles and says the recall impact will be limit td. >> the death toll from a massive explosion in the chinese sport city jumps to 44 according to state media. hundreds more are injured as shockwaves destroy a vast industrial area. >> china's central banks reassured markets about the country's currency. it says a strong economy, sustained surplus and ample exchange reserves give strong results to the exchange rate. they also dismiss speculation of a possible 10% for the currency. it weakened for the third straight day as the pboc lowered it's range yet again. however the gap between the guided rate and traded rate has narrowed. >> repercussions of china's move to devalue it's currency a big topic of discussion and the negative impact on exporters. however some are taking advantage in the drop of prices. we are up 150 points. the u.k. index, ftse 100 up 53 while the french markets are seeing a gain of 86%. >> been close to 6% off of two previous trading sessions. so not entirely surprising to y today.

doug: nestled in the heart of the santa cruz mountains, and just over the hill from silicon valley, big basin state park stretches from forested summits down to the sea at waddell beach, with serene waterfalls, tiny newts, and massive trees in between. alex: i like to think of big basin as the bay area's backyard wilderness. doug: alex cocone is a california state park ranger. and he leads us along a popular and wheelchair-accessible redwood loop trail near the park's entrance. doug: so alex, you love this place. big basin is a special spot for you. alex: it is a special spot for me. it was actually in this park when i was a little kid that i decided i wanted to be a park ranger when i grew up. when i was young, my parents would take me up here to the santa cruz mountains. i fell in love with this place, i fell in love with the outdoors. doug: millions of others from near and far have also fallen in love with these big trees and beautiful forests since the park was established in 1902. doug: so alex, i mean, you have people coming here i bet from all over the world to marvel at these tr

the news is a welcome boost for nestlÉ.or theorted a loss first time in 15 years per the company saw sales rise as north america offset a slowdown in asia. samsung is counting on a bigger screen and new system to win over customers. they have introduced the as six edge plus. the payments are meant -- payment service will be available to south korea and users in the u.s. next month. we are not only getting a clear assessment of the damage caused by wednesday nights massive that killed tianjin 50 people, injured hundreds more and it tripled one of china's most vital ports. onhave stephen engle with us what is turning out to be a major disaster in china. >> it is a sad story. if you saw the footage of the explosions it is quite dramatic. we have the latest footage. let's roll this footage that we have coming from tianjin port and the aftermath. it looks like the hiroshima bomb. a massive explosion of some sort of bomb. it was a fire that started in a hazardous chemical warehouse, a star storage facility. two explosions grew th

reports from india say nestle noodles might be on the shelf since the end of december -- by the end ofber. june.ere banned in nestle says it will continue to sell the existing formula without changing its ingredients and will spend aggressively to rebuild the brand. the finance minister saying that the official target of 8% gdp growth can be achieved if there are no "adverse global trends." he said that inflation is under control. moody's lowered its growth forecast earlier this month. angie: india's prime minister swept to power with the biggest popular mandate in three decades. his reform agenda has faced bitter opposition in parliament. soon he will face state elections that may consolidate his position. first, we will be in poverty-stricken bihar, where modi just announced a $19 billion development plan. tom last there has been to bih toassessar -- to bihar assess the challenge of daily life. >> when the river is high and there is no bridge, the only way of getting there is by boat. what you see is much of the coming tot by boat the shore. when the boats get close enough, they sort

. >> nestle comes out with new cookie flavors every now and then. usually chocolate chips are staple but there's supposed to be a couple new ones. >> well, how are two girls to find out if we don't have any cookie >>> look what regis has! regis is here! >> is there a peanut butter money. >> boy, that's a tight dress. [ laughter ] how are you doing, baby? is that peanut butter? >> absolutely, help yourself. i cooked them myself. >> you did not. we already said it was nestle. how is that? oh, my gosh. this one is harvest apple and hot cocoa. is that right? >> try this one. this is delicious. >> and i'm not a cookie girl. >> what is this? >> hot cocoa. >> talking about a hot chocolate, what about that dress? that dress is too tight! >> it's a little inappropriate. >> can't we stop the show and you can change? the woman can barely breathe. i god, i've never seen anything like it. i don't even want to look. bend over this way so you and i can -- so what's going on here? you know what i like? >> what? >> finally, finally, kathie lee and i went on a tour o

. >> reporter: nestled among the sprawling deserts.he indians live on a reservation an hour north of las vegas. they voted coal ash landfields from a power station. coal ash from the plant on windy days moves across the desert like a toxic sand storm. >> i have to programme it to collect samples every six days. >> reporter: simmonds is on the tribal environmental committee and heads up testing. she and others believe coal ash caused cancer, heart disease and premature deaths among the brother. plant. he was 31 when he passed away. i realized how many sick people there are, people i worked with, miners, the people that lived next to them. it started having a pattern to me. >> we are dying off. we are paying with our lives. >> i'm proud to say that i'm proud of who i am. >> reporter: formal tribal chairman led the small tribe to take on the energy giant they felt was destroying their land, and harming their people. >> this is where my cousins used to live. they passed away. >> reporter: first stop, the health board of southern nevada. an

nestled in the woods of woodhaven creek you'll find a swimming pool locals know it as the devils pool and for good reason. swimmers are getting injured in some dying. >> the video captures from two years ago he jumped from the bridge into the water estimated to be a 30-foot drop and he had a broken back and punctured logs. >> i could barely walk up the hill, doctors said it was good that i had to walk it could've been bad if i could walk whatsoever. >> others are not so luckily, one man is completely paralyzed for from his fall in 1990, while a father and father and son are both dead from drowning. you might be thinking, how how is this even legal to come here? well it's not, you'll seaside's broadcasting signs broadcasting the message, but that doesn't stop hundreds of coming to the swimming pool on a daily basis. >> i've been coming here for a long time. >> the city doesn't know how to and this problem. >> normally by the time we show up and it there'd be already know were coming and they're already gone. >> they talked about filling the hole with rocks. >> we decided that wasn't th

but others, including some very big companies, names you know, general mills, nestle, ebay, levis, unileverese are companies that support the plan. so let's battle it out. todd gaziano helped the state of michigan prepare for the june supreme court against the epa. he's the executive director of the pacific legal foundation's d.c. center, and we have tom kimbus also here, vice president of executive affairs at solar energy industries of america. it's great to have you both. right off the bat, todd, look, the coal industry absolutely hates this. we would expect that. why? what is the worst part about this that you foresee? >> well, i think the worst part about it is that it's illegal. president obama -- liz: well, that's a judicial judgment, okay? what do you mean illegal? >> well, the companies who have to live under the rule of law care whether something's legal or not. president obama sought authority from congress for a cap and trade bill that the democratic-controlled congress his first two years refused to give him, and now he's essentially glinda, good witch of whatever, telling gina

and he says it went back to nestle near where he found it. but it was reunited with mom. eventually. mom did show up, though. all is well that ends well. now, this guy is executing a bee rescue. >> probably dehydrated. >> when i got here, i got honey in my hands, then i grabbed this bee. >> i thought they eat honey. >> they do eat honey, but remember, honey is something -- it's like regurgitated and rehydrated and regurgitated, so basically honey is bee spit or vomit, whichever you want to call it. >> and it's delicious. >> it is. >> drink it away. >> this is bee's honey from -- what is this, appalachian honey, actually. >> it's my favorite. >> there we go. nice. >> someone is rescuing a bee. it's pretty cool. but at the same time, why? >> because they're so incredibly important to everything. quite frankly, in my opinion, every bee that could be rescued should be rescued. >> high five. high bee five. there he goes. >> there he goes. >> some serious man claws. i mean because he's a climber, i mean because of the way he climbs. >> oh! oh, i saw his man plums. oh, that was

. >> it walked away, it doesn't come back, and he said it went back to nestle near where he found it, but it was reunited with mom eventually. mom did show up. all is well that ends well. >>> now this guy is executing a bee rescue. >> probably dehydrated. >> honey many in my hand. >> i thought they made honey. >> honey is just something that's, it's like regurgitated and rehydrated and regurgitated, basically it's bee spit and vomit. >> and it's delicious. >> it is. >> take it away. this is a bee's honey from appalachian honey. it's my favorite. >> there you go. nice. >> someone is rescuing a bee. it's cool. but at the same time, why? >> because you're so incredibly important to everything. kwielt frankly, in my opinion, every bee that could be rescued should be rescued. >> high bee five. you want to go. there he goes. there he goes. >>> hey dies, what happens if a police officer says he'd like to talk to you, and you refuse? >> you get in some sort of trouble. >> bingo. >> we're in farming vim, nok, you see an officer standing over this woman right here in the white sweatshirt. accor

their life stories a mystery that began in mckaysville, georgia, a small town nestled in the foot of the blue ridge mountains. >> there was a doctor in georgia that was selling babies. >> what was the price? $1,000. >> reporter: $800 to $1,000 per baby. 200 babies in all. illegally sold by dr. hicks between 1950 and 1965. melinda dawson was one of them. >> my mom was told that she could not have children and she wanted a baby, so my father and her purchased me from the doctor. >> reporter: he routinely forged birth certificates, making it impossible for christie and all the hicks babies to ever find their birth parents. >> we've just never had any definitive answers. nobody to turn to. it's been a big dark secret. >> reporter: for christie and the hicks babies, time is of the essence. their chance the of finding a birth mother still alive fading. so "nightline" asked the genealogy site ancestry.com to see if they could help. >> what would it mean to you to, ding, find a sibling? >> that would make me feel i found a part of my true self. >> reporter: the hicks samples are sent to a la

the camp is about an hour east of los angeles nestled high up in the mountains, an elevation of 500 feetat first glance a barbed wire fence surrounding the 27 acre property. the only clue that the site houses inmates. >> what would you say is the there? >> i don't think the nation nose how much they contribute to the conservation programme. when they are saving those homes, the community doesn't care whether they are inmates or free people, they are thankful. >> close to 34-00 wildfires blackened portions of the state. the fire season is still young. on this day smoke from the nearby lake fire burning on the other side of the mountains could be seen and smelt for miles. that fire would go on to scorch more than 30,000 acres. during our visit, a team of exhausted firefighters marched into camp. a crew, weighed down by equipment, wearing distinctive gear was weighed down on the city of fresno. >> my pack weighs anywhere from 60 to 70 pounds. >> reporter: despite the taxing work, he is back for his third season. talk a little about why you wanted to do this? this is a vol ter position, righ

. >> it walked away, it doesn't come back, and he said it went back to nestle near where he found it, but it was reunited with mom eventually. mom did show up. all is well that ends well. >>> now this guy is executing a bee rescue. >> probably dehydrated. >> honey many in my hand. >> i thought they made honey. >> honey is just something that's, it's like regurgitated and rehydrated and regurgitated, basically it's bee spit and vomit. >> and it's delicious. >> it is. >> take it away. this is a bee's honey from appalachian honey. it's my favorite. >> there you go. nice. >> someone is rescuing a bee. it's cool. but at the same time, why? >> because you're so incredibly important to everything. kwielt frankly, in my opinion, every bee that could be rescued should be rescued. >> high bee five. you want to go. there he goes. there he goes. >>> hey dies, what happens if a police officer says he'd like to talk to you, and you refuse? >> you get in some sort of trouble. >> bingo. >> we're in farming vim, nok, you see an officer standing over this woman right here in the white sweatshirt. accor

trough produces equally as cool conditions on tuesday, and then high pressure nestles into the bay area nearly 100 degrees by saturday. >> that would be the weekend right? >> summer's taking a little bit of a vacation right now. >> already looking forward to the weekend. >>> all right. taking a look at the big board, the first day of trading on wall street this monday really good. all that green. the dow is up big time, up by almost 240 points. >> it is a good day. you're going to meet this week's jefferson award winner up knicks. >> and we want to invite you pet lovers, send us questions about their health and well being. e-mail us ,,,, >>> it is the perfect addition for a weekend barbecue. >> it's the season for sweet white corn. >> taste of the day is going to be with white corn. i did it a couple months ago, it's august. this is corn time. this is when it peaks, and this white corn is so fresh you can eat it raw. when you peel it back you smell the freshness of that corn, and that's what you've got to look for, the white, all the kernels plump and tight together, nice and firm. when

. ♪ >> sebastian santamaria is singing about his homeland, trifinio, nestled in the mountains of centralmerica. it's a region covering 7500 square kilometers in the border regions of guatemala, honduras, and el salvador. nearly 30 years ago the three countries began cooperating in an effort to preserve the area's nature and improve the quality of life of the people living there. together they adopted a treaty known as the "plan trifinio". balmore montoya works for the state-run trifinio commission in his country, el salvador. >> the agreement states that the countries must work together in the trifinio region. this piece of land has much to offer. a diversity of species and it's a water catchment area. several rivers have their source here. that makes the area so valuable. >> cabbage is a typical product of the region. but the farmers earn little from their harvests. the infrastructure is poor and transporting the produce to the nearest market is expensive. a big problem in the region is deforestation. because there is so little space at the foot of the mountains, the farming fields stre

. >> it walks away, doesn't come back and he said it went back to nestle near where he found it, but it was reunited with mom eventually. mom did show up though. all's well that ends well. >> this guy is executing a bee rescue. >> probably dehydrated. >> i got some honey in my hands. >> i'll grab this bee. >> i thought they made honey. >> they do make honey but it's regurgitated and rehydrated and regurgitated so basically honey is bee spit or vomit. >> and it's delicious. >> it is. >> drink it away. this is a bee's honey from appalachian honey actually. he likes it. i do, too, it's my favorite. there you go, nice. >> someone is rescuing a bee >> because they're incredibly important to everything, quite frankly in my opinion, every bee that could be rescued should be rescued. >> high five. high bee five. >> oh. there he goes. there he goes. >> when it comes to sky diving jumping out of a perfect huge plane make sure you have your equipment. top of the list would be a parachute but below that you might learn other stuff as well. all of them know what they're doing by the looks of it,

we will be nestled between that low pressure and high pressure which means the possibility of morning fog, low clouds at times but all in all a good looking forecast. 85 for nevada today and we have 73. for portions out of the east bay it is in and around the shoreline. going into the inland areas it's a warm day but seasonal for this time of year. it is 86. for san jose you're looking at 83. for the peninsula we have 84 for palo alto. the extended forecast here, again, temperatures will be cooling off just a bit on tuesday and wednesday. into labor day weekend temperatures will be warm. upper 70s and low 80s. again, not too hot. it is like a triple digit heat we had recently. >> i am looking at that 90 and 92 inland. is that going to come with that moisture sore it a relatively dry -9d 0? >> it is not the heat it's humidity. >> that's right. thank you. >>> starting today it will be easier to get recycled water. a recycled water building station is for the people in the sanitation district. according to the gazette it will be opened monday through thursday from 10:00 a.m. through 3:00

nestlÉ says that they will rebuild the maggi ran. -- brand.ignation of alexis tsipras is almost certain to lead to september elections. parties on the far right and radical left are looking to capitalize on voters. bloomberg spent a day with two parties as they prepared to kickstart campaigns. this was the mood inside the headquarters of the golden dawn party on saturday night. we were given rear access to this party as members prepared for what is expected to be another great election in september. the golden dawn mp said that anger at austerity and the crisis willocess -- boost interest. they will vote for us because they are angry with someone else. because they have heard us speaking, they know us, they know we are not going to betray them, like alexis tsipras did. says the party draws support from areas. inwe are extremely popular new voters and we will be even more popular in the agricultural farmers, we have seen a lot of growth from members of the army, navy, fire department, coast guard, whomever is dealing with criminals. ingolden da

. >> reporter: nestled between the ocean and the border with somali. this is bonny forest. it's a hideout for al-shabab fighters. the presence had devastating consequences for a poor community, the bonny tribesman. >> translation: the forest is our mother. for generations we depended on it for food and medicines, there's a reason we share a name with the forest. we can't live without it. >> there's no road, running water and shocks. the ranks have dwindled, and the tribe is on the verge of extincti extinction. for centuries, they have preserved their way of life. there is honey and all that is now threatened by the presence of al-shabab militias in the forest. and the kenya's forces fighting them. this man does not remember the last time he went to the forest. he's forced to set up beehives in the village. >> translation: i'd say for my security, not to go to the for e. the military beat up everyone. they find the forest. they are hosting a number of people displace the from neighbouring settlements affected by the fighting. this is one of them. >> there was fierce fighting

." ♪ >>> nestled at the base of majestic glaciers, the small coastal town of seward, alaska is knownor more than just breathtaking natural beauty. it's also home to the spring creek correctional facility, alaska's only maximum security prison. it's here that we encountered carl abel, one of the most memorable killers ever profiled on "lockup." it didn't take long for him to make clear his opinions of some of his fellow inmates. >> all of these inmates can say what they want to say. they're punks. people in control know they're punks. abul first came to spring creek in 2003, after he was convicted of murdering a co-worker. >> i caved his head in. caved it in totally. i think the biggest fragment of bone they found was a size of a half dollar. i probably got out of hand later on. i kept hanging out and beating on him some more. there was -- it was -- are you really interested in the gory stuff? i was interested in how the decomposition would be. it was pretty interesting, but it was kind of twisted there. >> the raw interview footage goes on to reveal perhaps the most grisly aspect of

. >> parksa's political base is nestled in sri lanka. losing the presidential election in january, he has moved to the northwestern district. >> volunteers campaigning for are finding sympathetic ears here because most broelong to t party. many are serving in the military or have done. the former president needs them to vote for him. not all military personnel he once led are part of his political comeback. retired flight sergeant und undershamar admired the president for wartime leadership but doesn't thing his return for politics is good for sri lanka. >> if he becomes prime minister, he will he will control things and won't shrove the president to work independently. he will interfere. there will be conflict. >> wary of this threat, the new leaders are eager to remind people they voted for change a few months ago. >> people tend to back the village. people elect a new president, prime minister, cabinet. people aren't going to change their minds. >> parksa seems to thing otherwise. we asked why we should back hoists return to politics.

. >> reporter: nestled between the indian ocean and the border with somalia, this is boni forest. it's become a hideout for al-shabaab fighters. their presence for one of the communities, the boni tribesmen. >> translator: the forest is our mother. for generations we depended on it for our food and medicine. there is a reason why this community share as name with the forest, we can't live without it. >> reporter: there is no road, no running water and no shops. with no access to healthcare, the ranks have dwindled and the tribe is on the verge of extinction. it's the ongoing insecurity that's causing alarm for the community. for centuries they have preserved its way of life living on wild fruits, barrys and honey. it's now threatened by the presence of alshah ban in the forest, but the kenyan defense forces fighting them. he doesn't remember when he went last to the forest. he's forced to set up bee hives in the village. >> translator: i feared for my security not to go to the forest. the military beat up everyone they find in the forest. >> reporter: he is hosting a number of dis

reporter: braving near- freezing temperatures overnight, malachi huddled in his jacket to keep warm and nestle between rocks to dodge the howling winds. he treated the survival stent as just another walk in the park. >> yeah, it was actually really fun! i hiked literally 30 miles. >> reporter: malachi began the adventure on a weekend camping trip with family. while fishing with his dad sunday morning, he wandered off. >> i was trying to collect mushrooms and i couldn't find any by the lake. it was stupid. >> reporter: after his father called for help, more than 100 search and rescue workers combed the rugged terrain on foot and in the air, looking for malachi. but it was a small search dog that picked up the boy's scent and pointed teams in the right direction. >> proud of my boy. proud of the team. proud of the fact that i am not going to have to have a tragedy. i don't have a tragedy. i just have this cool story that my son gets to tell! that feels awesome. >> the boy's father is an avid hiker and taught his son exactly what to do if he got lost. that really came in handy this time. >> it's

. -- are major global corporations like nestle and mars inc fueling slavery one tin of cat food at a time? pat buchanan? pat: i don't believe they are, john, and if they know this information, they ought to deal with the folks that are selling them with fish for the cats. frankly this is a problem for the southeast nations themselves and their navys and it's something where they're like somali pirates, people that do that, and they ought to get the same treatment the somali pirates do and those folks ought to be liberated. john: does this have special interest for you, due to the fact that you had a cat that you called cat? a gorgeous white cat. pat: we didn't feed him fish. he got lobster, john. [laughter] eleanor: "the new york times" did an excellent piece of reporting on it. this is really a tragic story. first of all they're overfishing the waters. the boats are going further out. they stay out for months at a time. people are kept in horrendous conditions. i think when americans become aware of this, from a public relations standpoint, the companies that are involved are going

nestled in a patchwork of windmills and soybean and cornfields is tiny fowler indiana, home to r-d-m aquaculture... a mom and pop indoor saltwater shrimp farm. >> hi, how are you? >> hi guys! very good. >> hi, i'm darryl. >> darryl, very nice to meet you. >> and i'm karlanea. welcome to rdm shrimp. let's go. >> karlanea and darryl brown are accidental shrimp farming pioneers. >> how we doing on count? >> i'm at six pounds. >> with their two dozen basic backyard pools as growing tanks, they've perfected an indoor system with zero waste... no chemicals and a 90 percent survival rate. that's a third higher than traditional outdoor shrimp farms. >> wow, this is like a little laboratory here? >> yes it is. >> and a shrimp farm? >> yes it is. we do nine tests every single day. we do temperature, dissolved oxygen, nitrite, co2, salinity, alkalinity, ph, ammonia and floc. as you can see our water is brown. the test we're doing here right now is we're trying to see how much bacteria is in our water, and we call this settling. >> so you're basically waiting for all this bacteria to go to the b

tom: quickly, nestle's reported greater earnings early in the week. can you say that europe is booming even if the politics and international economics -- hans: i do not look at nestle closely. wasn't swiss franc related? so they got to benefit. that is a currency play. always the thinking was that mario draghi was buying the national economy to reform the italian economy. hans: the italian economy, is heading in the right direction. is yourtural reform mentor. same with portugal. yourwe get you ready for weekend reading. quincy crosby with us. we will dive into the federal reserve from prudential financial. time for our twitter question of the day. can olivia sterns play hurt? no. what is your signal that oil has hit bottom? i will be honest. it is cathartic. and we are not there yet. what is your signal that oil has hit bottom. that is our twitter question. new york city. a beautiful friday. bloomberg "surveillance". ♪ tom: good morning. let's get to write top headlines with olivia sterns. are smoldering two days after two years at a warehouse. the

the negative returns for them, and the less good returns were basf, fmw and nestle. fixed income,to this is the challenge, the bond market. 90 billion. - their largest holding is in the u.s., and that is why the negative return was. the biggest losses in terms of what they are trimming, this is interesting, they are trimming back on their bond exposures in japan, france and the u.k., but they are adding to german, chinese in austin. a little bit of a shocker. we will have a conversation with the head of the sovereign wealth fund. she's in -- he's in next-door. this is a first for us. what is he worried about? what are the issues for the man who runs the biggest sovereign wealth fund in the world? francine: thank you. manus cranny in oslo. i can't wait to have a great interview. you can watch his interview on "the pulse" later this morning. let's get more with the rbs head of macro credit research. i want to take -- pick your brain on oil. people have been talk -- calling in with the bottom at 30 and $20. what is your sense? hurt a lot ofit the airlines because they d

nestled up against the atlantic ocean, its promenade extends past the u.s.mbassy, offering cubans and americans a place to rest. >> back before fidel castro was a thought in this country, 90 miles that way the key west, and on a good day you can pick up radio stations from florida. sometimes, they're even talking about politics. and so i sat down with a few cubans to get their take on what this new u.s. embassy actually means. >> what do you think about these changes that are happening between cuba and the united states? >> translator: there are changes finally and hopefully they'll help the country but you know changes they don't always benefit everyone. it really just depends on your point of view. >> what is your point of view sitting out on the malacon? >> in my opinion there is still a lot missing. >> after fidel castro rolled to power in 1959 he nationalized property. forcing u.s. to slap an economic embargo on the island. still adding to the hardships cubans come here to forget. now, starting to pump cash into the cash strapped economy but towards the

it is nestled by her pituitary gland but not on it. the first time it was. >> and this new study, what will that be like for her? >> that will be about two weeks in memphis, tennessee. we will go there to start her baseline evaluation. they will do an mri, ct fan, sleep studies, among many other different test. then, we will return home for two weeks to get back to normal before we leave for florida and we will be there for six weeks where she does daily proton radiation. >> you are in san diego now, correct? >> yes. >> i understand there is a fundraising website. paisley, as i understand it, do have actually been doing on razor efforts of your own. tell me about that? >> i just wanted to give back to st. jude hospital and children. they have done so much for other children and myself. i thought it would be something nice to do for them. i have done a lemonade stand with cookies and cupcakes. >> paisley, tell me also a about the special book that i am hearing about. >> yes, i wrote my own book and it kind of helps me when -- after my s

. >> reporter: nestled between the indian ocean and kenya's border with somali, this is bonny forest. in recent months it's become a hideout for al-shabab fighters. their presence is had devastating consequences for one of the kenya's poorest communities, the bonny tribesman. >> translation: the forest is our mother, for generations we depended on it for food and medicine. there's a reason we share a name with the forest - we can't live without it. >> reporter: there's no electricity, running water and no access to health. the tribe is on the verge of extinction. it's a growing community causing alarm. for centuries the bonny community preserved its way of life, living on wild fruit, honey and game meat. all that is threatened by the presence of al-shabab militias in the forest, and the kenyan defense forces fighting them. this man does not remember the last time he went for the forest. he's forced to set up his beehives in the village. >> i do it for my security, not to go to the forest. i fear being taken or slaughtered by al-shabab. the military also beat up everyone they find in t