we've comments from the likes of nike coca-cola, budweiser and visa willing to withdraw sponsorship if things don't change soon. one person expressing support for the president blatter was russian president putin who feld the d.o.j. indictment was a sign of the u.s. trying to reach beyond its borders and potentially trying to stop the president blatter from being re-elected. fo "nightly business rep wilford frost in zurich. >>> abercrombie and fitch loss was wider than expected but shares surge and we begin with the market focus. they miss on the top and bottom line but expect sales trends to improve through the year. since the departure of mike jeffries in december they have made an effort to reinvent itself by limiting to local central focus. express also offer the investors an up beat forecast. profit more than doubled in the first quarter as they scaled back promotions and sales rose more than experted -- experted. earning guidance topped consensus, closing at $17.41. >>> cosco out with a mixed report. revenue and same-store sales missed forecast and hurt by lower gas loan polices

tom: we do not know what nike, coca-cola, and visa will do.n the next hour michelle, and that is good. david rosenberg on your future inflation. look for that in the second :00 -- in the 7:00 hour. good morning. ♪ tom: it is a hallmark day for new york city -- no, not game seven, new york rangers/tampa bay lightning. the opening of one world observatory. this is, should we say, coming up on 15 years of moving forward. it is a great day for new york. brendan: we are taking a look at a morning must read. this comes from gavyn davies of "the financial times." he writes -- brendan: michelle meyer we do not know what is happening in the real economy, so what i found fascinating from macroeconomics is we have stopped assessing the numbers and we have started discussing how the numbers are put together. the argument here is that real gdp growth is greater than we thought it was because inflation is lower than we thought it was because technology is much better for the same price. we are getting more utility out of what we are paying. michelle: it com

the sport 1 bigger than visa, nike or coca-cola. blatter survives because at the end of the day, he has mesi' and rooney. >> but will fifa survive if they don't have the advertisers who bring them money? everyone 1 under the impression that it will bring them money but who makes the money from this? not the countries feverra and where does fifa make the money? the advertisers if the advertisers bail, the second they start to bail, blatter will months if not all of, a ton of his support. the second that visa or adidas or coca-cola or budweiser fifa is the company that convinced brazil to sell beer at the games after they stopped doing it for 15 years and they passed something called the budweiser law. are you kidding me? as soon as the money starts to go away, i guarantee you that the people will not have the support. >> in a month, this is probably a test, right? election will happen, and blatter will probably win. >> he will win because the money is still there. >> so we get the women's world cup in a month's time. and you'll have

we've also seen td bank, ups coca cola, and nike. nike in fact is not just on the banner, it's on every single player's uniform, and on their shoes. >> we bring in a lot of profit in this city alone. so the fact that we're putting our lives on the line, there's people out there dying from this, being able to never walk again... >> coach dabo swinney enjoys celebrity status, and his opinions can sway the fan base. >> what we try to teach our guys is to use football, to create the opportunities, take advantage of the platform and the brand and the marketing that you have available to you. as far as paying players professionalizing college athletics, that's when you lose me. i'll go do something else, because there's enough entitlement in this world as it is. >> coach swinney just signed an 8-year contract that will pay three million dollars next season. meanwhile, 86 percent of college football players live below the federal poverty line. >> the reason why we're at a breaking point is that we currently have two economies existing side

the corporations, american corporations, some of them were mentioned, the good friends of fifa coca-cola nike visa, who say we can't be associated with you anymore the problem is the united states hasn't been a soccer power for long. it as soon isn't a soccer power now really but it's accepted as a good television show and the companies get rich. should you see the money the parties the hosting that goes on from the companies based in the united states. until they are sensitized. i'll give you an example very quickly. when salt lake city was found to have done corrupt things leading up to the 2002 olympics, the ioc sent in new officials a president named david delassandro who said, we don't want our company associated with unfair practices like this. because of his leadership other corporation is fell into line. fifa -- i should say the ioc found somebody like mitt romney who did a great job running the be olympics in 2002. but until someone will stand up like dellisandro's john hancock does. if they don't pay attention i'm sure they pay attention to, you know if they're making bad cars or po

the most serious threat comes from visa, it says >>> coca-cola has been a sponsor since 1950. and nikes believed to the u.s. sporting company implicated in the indictment scheme. despite the bad pr some markets experts say it is unlikely sponsors will pull out all together soon. adidas last year sold more than $2.5 billion in soccer gear thanks to the world cup. >>> more flooding is threatening parts of texas about oklahoma already battered by deadly storms that have killed at least 21 people. the threat of the rising colorado river has texans leaving their houses southwest of houston, but they are trying to prepare their homes for possible on slot of water. a boys body was found in the blanco river. houston is also cleaning up from flooding. the city suffers some of its worst flooding in decades and many neighborhoods are still underwater. now hundreds of people are returning home to assess the damage. >>> water is so horrific because it's not what you just visually see it's how it leaches into the properties of the sheetrock, it's how it leaches into the wood. we're taking all of the

coca-cola said this has tan initialled fifa worldwide. and nikeaid it is against bribery and is cooperating with authorities. now despite the bad pr some marketing experts say it's unlikely sponsors will pull out any time soon. adidas fifa's oldest sponsor last year sold more than $2 billion in soccer gear thanks to the world cup. >> thank you. >>> we should mention the 2022 world cup is scheduled to be played in qatar. al jazeera is funded in part by that government. >>> people in texas are bracing for more flooding with a lot evacuating their homes. the threat of the rising colorado river has people leaving their houses about 60 miles from houston. historic flooding has so far killed at least 21 people. in wimbeley texas authorities found a boy's body. three children were among eight people missing from two families. their vacation home was swept away in the river. >>> river banks also overflowing in oklahoma. water submerged roads, homes, and bridges. i spoke with a fire chief from a city hit particularly hard by though storm. >> we have been t

coca-cola has been a sponsor since 1950, the controversy hasn't thattished the mission and ideal oz if world cup can, and nike is believed to be the u.s. sported company implicate canned in the scheme in the indictment. nike says it is against bribery and is cooperating with authorities. some say it is unlikely sponsor willed pull out all together any time soon, their investments make them money, adidas, fifa's outest sponsor sold more than $2.5 billions in soccer gear thanks to the world cup can. >> inesse reporting okay, more severe weather is possible today in flood battered texas and oklahoma. athletes 21 people died in those two states. the threat of the rising have people leaving their houses. but before evacuated they are trying to prepare their homes for a possible onslaught of water, in hard hit texas boys body was found in the river, authorities are trying to identify the child, three children were among eight people missing from two families a vacation home that swept away in floodwaters. we are still recruiting volunteers to join our search and recover cannery team. if you would like to volunteer,

the reason they have money is because of coca-cola, because of budweiser, because of nike because ofadidas because of all of these agencies that are telling all of these corporations spend your money on soccer. you have to question through fifa togo through fifa to do it. >> i think a lot of americans don't understand including me what fifa really is. >> it's like the nfl, the governing body. and they have a honest on thatmonopoly on soccer. >> but commissioner goodell commissioner silver they don't have that kind of power. >> most americans that follow the sport will remember the bite. they banned him from playing i don't know, five six games when he went back to liverpool. which is -- >> but that was fifa. >> what i'm telling you is they can tell the football association in england what they're going to do. they have complete control over everything. it is a total monopoly. no trancesparencytransparency. willie, how do you fedex anthrax? >> an incredible story. >> 18 labs got live anthrax. >> four lab workers in the u.s. up to 22 overseas put in post-exposure treatment after the u.

coca-cola. betty: thank you so much, julie. the breaking newsdesk. staying with consumers nike's president and c.e.o.s conversation with the president on trade. he's going to join us. much more in a moment. betty: president obama will be heading to nike's oregon headquarters on this friday, jobs day. he'll meet with the company's c.e.o. to discuss how proposed trade agreements will benefit u.s. workers. stephanie on the road. a lot lately. she's sitting down with mike's chief partner. she join us now. self: good morning, betty. it is a big morning here in beaverton, oregon. as you said president obama is here. he's sort of making the rounds. really working on this t.p.p. trade agreement. and nike really has come out in support. people well know that nike produces millions and millions of their shoes and their athletic apparel overseas. vietnam is one of the countries that would be affected by this agreement. they produce 43% of their shoes there. nike has come out and said they support this agreement and it would really help innovate and bring more jobs to the united states. many labor activists are

coca-cola has been sponsor since 1950 saying it has tarnished the mission and ideals of the world cup. nikes believed to be the major u.s. sporting company implicated in a bribery scheme in the indictment. nike said it is opposed to bribery and cooperate authorities. marketing experts say it's unlikely sponsors will pull out soon. their investments make them money. adidas last year sold more than $2.5 billion in soccer gear, all thanks to the world cup. >> thank you. we should mention the 2022 world cup is expected to be played in qatar. al jazeera is funded in part by that government. >> investigators say hackers who stole personal tax information from the i.r.s. are likely from russia. the agency declined to officially comment. according to reports the theft did originate in russia. the information of 100,000 americans was stolen as part of a scheme to select tax refunds. russia hackers are blamed for. stealing other information. >> the union representing new york city's jail guards, the city faces charges of brutality against inmates. >> david cameron meets european leaders today for bui