nokia and alcatel-lucent will come together in early 2016 under the name nokia corporation. with the finnish company holding two parts it says it will give it greater scope to expand and make the french base an important center for research and design. >> it will make employment in france consistent with their plans plans. the company expects to expand employment with the addition of self hundred new positions targeting the skills of technology. guest: nokia has struggled to compete with smart phone giant apple and samsung but has seen success in its network building division. the french government initially wary of the deal has given its approval. >> this deal between nokia and alcatel-lucent will allow for the creation of a european giant in equipment and technology for mobile and land lines. 5-g will be developed under this. guest: alcatel-lucent hopes it goes better than the previous merger with lucent which resulted in the loss of 18,000 jobs. nokia expects to make savings of around r9d million you're -- 900 million euros but the jobs in trance are safe. >> yesterday al

let's take a look at nokia and alcatel shares. nokia being in talks to buy alcatel.ndustry's largest acquisition ever. nokia down on the news. alcatel-lucent gaining some 12%. that was today's twitter question of the day. is m&a the moneymaker of this year? well it certainly would be if you had any alcatel stock. this was some of the answers we received over the last couple of hours. from steve collins, he said well, it only makes money for the banks involved. another response he said it will be interesting to see if any big u.k. m&a deals will be done before the election. you can continue tweeting us. tweet us at guy johnson tv. he is on "politics" and he will be up in 10 minutes and i'm at flacqua. for another look at what we're watching for the rest of the day, we're joined by hans nichols. john kerry is trying to get support from u.s. lawmakers on this iran nuclear deal. hanz: his job got harder. yesterday secretary of state john kerr briefed house lawmakers. overnight, we had news that the missile deal for iran from russia is going to make kerry's task harder wh

it was a major transaction for nokia. it helped them in raise cash and focus their strategy on what they believe it will be going forward in the next few years. they are actually growing and they see the combination of nokia and alcatel a matter of when instead of if. and this whole industry. jonathan: what about nokia going to china? manuel baigorri: their main customers are european and asian. they have a little bit in the u.s., but i think the combination with alcatel will provide a huge market shell -- share in the u.s. as well. jonathan: a lot of people looking at this and thinking what is going to happen with the mavs business? manuel baigorri: exactly. we were reporting on this story. nokia was selling the maps. a very interesting markets. one that has been struggling for the last few years. it is competing with the likes of google. it is really hard for them to actually make the business profitable and they decided they have come to a solution to focus on the main area of them. jonathan: in terms of the pricing wh

they have to get regular -- get regulatory approval and nokia shareholder approval but it seems nokia have both agreed to the 15.6 billion euro deal to create one of the biggest telecom equipment makers in the world. ♪ ♪ mark: now, golfing tips from a pro-. masters champion jordan spieth gives us a few tips on improving your golf game. >> here we go. ready? how good is that? you got a get it there, sally. >> so jordan, here you are. this weekend, when you are this position, what goes through your mind at this moment? >> well, i left myself with some tough cuts. --putts. but i just try to have an imagination. it is really all about speed which we are really struggling with here right now. we got the line down. >> are you saying mike bloomberg is having a hard time with speed? >> he is not used to the green. there is. -- there it is. they honestly didn't speed up the greens this morning. >> i thought they cutting earlier -- cut it earlier. >> when you are in this moment how do you handle the pressure and not choke? have you handle it? >> there are breathing techniques that definitely he

nokia is refocusing. chief executive is really honing down on what nokia provides. 90% of the money comes from the networks area. they also have a research and development licensing area. but one key player is the maps unit. valued at some 2 billion euros overall it could generate 2 billion overall if it sells this area off. four out of five navigation tools in cars uses the maps unit to navigate. who could be interested? it could be over -- could be uber. even german carmakers have knocked on their door asking about this particular asset. they've also been looking at private equity groups to potentially sell the maps area. that would bring in 2 billion euros would help in paying for alcatel, whatever size they buy. remember, they bought it for $8 billion in 2008. quite clearly, this is an area that has lost some of its overall strength. they had difference in strategy as they lost their had last year . back to you guys will stop -- to you guys. mark: just a few weeks to go before the u.k. election. what

nokia has agreed to by alcatel lucent.urchase will create the world's largest supplier of mobile phone equipment. the deal will see nokia surpass huahue. google has been told it will face new charges on violating antitrust rules. google could face fines and constraints on how it delivers internet search. rivals, including microsoft have excused the search giant of highlighting its own web services and results at their expense. let's get more on google from our team of reporters. we are joined in brussels and here in the studio. let's start with you. what are we expecting today? >> we are expecting action for the first time in more than four years. when you start investigating these allegations over search we are expecting objections. we are also expecting an open investigation into android. that is what we have so far. it also brings up the threat of fines or an order for google to change the way it does business. francine: this is huge. >> this is a four-year probe. what google is afraid of is what it could do. does it ch

nokia is in advanced talks to buy french company alcatel-lucent.alks are so serious that the ceo's of both our meeting with french president francois hollande it today. such a deal would be nokia's largest acquisition ever and could fall the past erickson as the largest maker of wireless network equipment. here to break it down is editor at large for johnson. nokia is into the company it once used to be. -- isn't the company once used to be. and alcatel-lucent is a different company as well. cory: back in the dot-com bubble, there is no bigger deal than alcatel-lucent in the world of networking. the french companies, alcatel and the former at&t labs, bell labs, later called lucent technology, when they came together it seemed like it would be the dominant network business in the world. what happened was it is hard to run a business in france. it is hard to make changes to business in france and the business struggled mightily. but literally -- but lately alcatel-lucent is killing it. the number one networking business perio out there, top five in a

nokia up 2.94%. nokia was down yesterday.eanwhile ericsson is also moving on the back of the transaction. speaking earlier on squawk box we asked the ceo of alcatel-lucent is there could be a prolonged period before the deal goes through. >> everything is there to make the transaction successful. it's wise to recognize at the end of the day one is bigger than the other in terms of market cap which is nokia. so we need very transparent, easy governance in order to avoid the mistakes of the past where you try to manage egos of different guys. since day one i said the transaction would require a unified governance. >> switching focus, fast food workers will stage another one-day strike today in more than 200 u.s. cities. they're calling for higher wages. $15 an hour and the right to unionize. they'll be joined on nearly 200 college campuses and hole health care and walmart workers are also expected to take part. >> lift off, finally for the latest spacex mission. the company launched it's falcon 9 rocket and dragon spacecraft on

nokia has agreed to buy alcatel. nokia will improve the market share in china and take on contacts with -- contracts with verizon and at&t. bank of america posted fourth-quarter earnings that beat analyst estimates. one reason is a big drop in expenses over the past five years. bank of america spent more than $50 billion linked to disputes over the veils of mortgages and mortgage-backed bank securities. most of the expenses out of the way, the ceo has been trying to increase revenue. shares of pboa are down and if it is all about expectations, it does not mean the profits are better. first quarter the chinese economy. chinese gdp rose since 2009 and they are growing at an annual rate of 7%. it all pointed to a slowdown that is deteriorating. that has led to speculation the chinese government will have to take more steps to stimulate the chinese economy. when you bloomberg national poll finds it deep partisan divide in the u.s. when it comes to israel and iran. 45% of those surveyed say they support israel outright an

nokia and alcatel, the timing is perfect.e, we have two companies that are struggling. now they come together and come to the conclusion that it's the perfect time for them to combine. stephanie: this is the first time they have been speaking. why are they suddenly at the table today? guest: exactly. the talks have been on an off for quite a while. one of the biggest hurdles was the government, the french government. they were concerned about what they cause strategic assets. they were concerned about potential job losses. now, the government is more open to these combinations to ensure the future of the company being in good hands. stephanie: what could the combined companies do better? guest: they will have more negotiation power with telecom providers. they will be able to compete in a much better position with other companies including ericsson. at the same time, they will gain more access to very good markets like the u.s. or china where the potential for growth is in or miss. stephanie: it's getting late over there. we

nokia might be taking steps to explore the sale of its maps business.ed in four out of five car navigation systems. to hear lloyd blankfein tell it it is goldman sachs' david versus the rest of wall street's goliath. in his annual letter to shareholders, he said he likes that goldman sachs is the little guy on wall street. if you believe that, i have a bridge to sell you. goldman sachs has less people. last i checked, it is not the smallest out there. stephanie: the little guy? come on, lloyd. erik: president obama had guessed he would be ask this question while he was touring the bob marley museum. he said he does not anticipate congress legalizing the substance anytime soon. president obama: if there are states that show they are not suddenly a magnet additional crime, that they have a strong of public health infrastructure to push against the potential of increased addiction, you know, then it is conceivable that that will spur on a national debate. erik: 23 states have legalized marijuana in one or another. stephanie: more on the ge sale. it is shed

the gnocchi a--- -- nokia-alcatel deal. buy alcatel for $16.6 billion. >> this is a boon for 5g technology. this is the dawn of the internet of things. every connected device talking to one another. our phones talk to one another and we will be driving driverless cars. together, they will compete much better. betty: we don't have to do anything now. >> exactly. my big fear is that there is some general health concern that comes of years from now that this stuff is not healthy for you. betty: right. a quick check of futures. futures have settled. slightly higher. ♪ betty: welcome back to "in the loop." alex sherman and the ceo of redef joining me. our number one story is the world economy. the international monetary fund released to their global growth forecast. easing monetary policy and eight ha -- a halciving of the oil price should have been the primer for economic growth. but things are not looking that great. >> there are lots of technologies that make using oil more efficient. >> it gets into the question of is this a

stephen: that is right nokia is wanting to buy out alcatel-lucent.the deal did happen, it would be a big step for nokia and its efforts to compete in the telecom network business. the firm completed the sale of its handset unit to microsoft last year. alcatel-lucent meanwhile is undergoing a massive cost-cutting plan in an effort to return to profitability. a merger could risk involving the french government, though. oversight on deals and strategic sectors, government telling reuters they will be watching for the possible impact on jobs as well as research and development. let's see how the markets have responded so stop out until lucent shares up around 12% in trading today in paris -- have responded. alcatel-lucent shares up around 12% in trading to the in paris will have generally speaking, pretty flat on the european market just london eating out some small gain, investors said to be worried about a report that greece was the government is preparing to default on its debt. and a french company has made a multimillion success of opening up panora

nokia may sell its maps business, called here. nokia was to focus on wireless networking. google maps competitors is attracting interest from both companies and private equity firms. now to the lead. preorders have started for the apple watch, apple's first entirely new product since the ipad. already you will have to wait many months to get some of the watches, with many additions not available to ship until june. there were lines at apple locations around the world including australia and japan, among others but we did not see great lines for the iphone's we have become accustomed to in the past, perhaps because you can't bring the watch him today and you can only try it out. apple is encouraging people to make appointments for those tryouts ahead of the april 24 shipping date. one of the people who did try it out, stephen pulver and roughy mohammed, -- raffi mohammed. stephen, let me start with you. this approach to selling stuff -- i have long believed that the lines in front of apple stores are a pr gimmick. the press dutifully show up every time they release a new pr

nokia is trying to drum up money and they're losing maps business.is alibaba and amazon. nokia's seeking more than $3 billion after purchasing the app for more than $8 billion in 2008. honda has designed their first ever jet plane. it does not look like a civic. it made it first flight from japan, landing in tokyo. honda has put the jets' engines on top of the wings and they say it increases fuel efficiency by 15% while allowing more space in the cabin. they're waiting to get approval from the faa. it is planning deliveries later this year. americans still love dunkin' brands and domino's thanks to expanded menus. duncan cited the croissant donuts. domino's introduced chicken bites covered in chicken toppings. gross. whatever. shares of companies climbed. donuts. next week, tesla will make a push beyond the car business when they unveil batteries for homes and businesses. big businesses have signed up like the likes of walmart. how much do they rely on the proposed giga factory to build the batteries? his company create technologies that wirelessly c

there was once a household name nokia. >> what happened to them? >> everybody had a nokia phone.s not unforseen that something like that would happen. the chinese rivals are nipping on the heels. >> they are. they are growing fast. samsung is seeing what's going on. they have a lot of folks in the s6. if they don't pay off, they will be in serious trouble in a few months time. >>> let's turn our attention, fedex is buying dutch rival tnt express for $5 billion, cash deal, mind you. two years ago, another u.s. firm, u.p.s. united parcel service pulled out of a bid for tnt after disapproval from eu competition. this time the tnt express chairman says he is confident the deal will not be blocked from regulators. stephen great to have you in the studio. we'll talk about the regulators in a moment. why is tnt selling and what is in it for fedex? >> they had been struggling in the european market over the last couple years. they lose 200 million euros this year. they have invested in their road network. this is a great opportunity for fedex to get a foothold in the european market 15%

based on this morning, nokia is buying french telephone lucent.t 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 zip recruiter for free today. >>> police in arizona have released

. >> nokia up 2%. >> couple of brokers upgraded the nokia deal. i don't get it so much. the stock trade nod where. if i'm flipping stocks i don't like it. >> big drop for cree. >> when you look at the margins it wasn't very impressive. for all those reasons the stock was down 8.5%. until it can get to 37, 38 stay away from it. >> pop for mcdonald's. >> lousy revenue. comps on all the meaningful regions lousy. but for the fir time since jim skinner left they said we're taking meaningful steps to improve our business. they will unprofitable restaurants. they finally said what the street wants to here. the stock still needs prove itself and get above 100. but a first time in a long time you'll be impressed. >> investor meeting in may. still ahead, qualcomm, we'll take a look. analysts downgraded the stock ahead of this report after the break. rough day for home builders. we'll tell you the one name. more "fast money" straight ahead. >>> qualcomm falling in the after hour session. chris rollins has been listening to the conference cull. chris good have you. we should note yo

i would like to know what you think about the merger of alcatel and nokia.ll, sell, sell, sell sell sell. why? because sisco is the play. these two companies some would say are drunken sailors trying to hold up each other. i don't think that is diplomatic enough. i say buy sisco. let's go to joanie in nevada. >> caller: how are you? oh, mr. cramer. thank you for taking my call. thank you. >> my pleasure. >> caller: what i want to ask you, honey. i'm with ibm. i know it is doing pretty well but they made a deal with. >> apple j & j. >> caller: what is that about? >> that's about the health kit. i think it is a better deal for apple than ibm. only 29% of ibmas business is involved with the data collection. i think ibm is going to have a weak quarter. the stock may discount some of that but at 164, frankly, i'm a little worried about it. at 158, 159, i think that's where you can feel a lot safer ahead of what cob a very weak quarter. >>> google don't drop the ball. play it. much more "mad money" ahead. including my response to the cramericans out there. >> don'

nokia will get contracts with verizon and at&t.n boston there will be a moment of silence as church bells toll. the second anniversary of the boston marathon bombings that killed three people and injured more than 260. the surviving bomber could be sentenced to death for conviction on 30 federal counts. police dashcam video from arizona, an officer rams an armed suspect. the police car struck a wall. the suspect survived and is facing felony charges. the officer was cleared of wrongdoing. the government is protecting the u.s. will become a net energy exporter. the information administration says it will happen within 15 years. new oil production from shale. the u.s. has not been a net exporter since the 1950's. donald sterling's former girlfriend owes his ex-wife more than $2.5 million. former clippers owner bought v. stiviano a house a ferrari, and other items. a judge says the money belonged to shelley sterling. sterling was forced to sell the team. tom: let's look forward on bloomberg "surveillance." low money and more risk, jas

remember when had nokia was a giant in mobile phones? remember those awesome removable batteries they had circa 2000? but essentially crushed by samsung. >>> 10 minutes after the hour this morning, new controversial video of police using their cruiser to run down a robbery suspect. so did officers go too far? details next. real transformations can happen as much inside a person as out. that's why you should take the listerine® 21 day challenge. use listerine® and over 21 days you'll experience a transformation. take the listerine® 21 day challenge and start your transformation today. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.go

nokia got a boost from oneoff gains at its licensing unit, lifting its revenue 15%r to 2.6 billion euros. reporting a disappointing performance from poor network business and overall operating profits dropped from 16 million euros a year ago to 85 million this year. shares have dropped in morning trading could microsoft was king in the pc era. it's dominance has faded but the arrival of tablets has failed to attract customers. in san francisco wednesday it announced plans to turn mobile business around by wooing developers into making apps for microsoft devices. claire: if you cannot beat them, join them. that is the essence of microsoft's new strategy to boost its mobile business. the firm has announced it is making it easier for apps built for google or apple systems to work on its new smartphones. >> the third technology i am announcing today will enable developers to reuse nearly all the java and c++ code from an android app. claire: microsoft in a vicious cycle. many developers are not interested in writing apps for the less popular devices. customers tend to steer clear of phones a

nokia which has to sell its maps business is in negative territory on today's session athlete. >> guys very much. >>> today's retail sales numbers seem to have disappointed the markets, but not the economists, our steve liesman is back at hq with a split. steven,dy see even some wire services try to spin it different ways. >> i'm getting positive commentary here. the bonds rally, and the dollar sold off after the data this morning, a sign that markets saw it as soft and the chance of lessening a fed rate hike this was the first increase in retail sales since october. here's the data that economists look at. it was up 09 on the headline number, .1% short of what they were expecting. auts up, building materials, furniture. what they liked in the number was evidence of a weather effect and that's what jeffrey said, they said quote the composition suggests that february retail activity was suppressed by the weather. if that's the case and let's move on to btig, which says we would expect the consumer to rebound nurt coming months, we got a lot of that because of expectations of spending be

nokia down better than 9.5%. alcatel lucent down 8.5%. sony posting a loss of 125 billion yen for 2014 but says it expects operating profits to surge. that as it hopes to sell 30 million smartphones this year. now the bank of japan held it's latest monetary policy meeting today. >> the bank of japan decided to maintain the status quo by an 8-1 vote. this was in line with market consensus but the focus was the bank of japan's outlook report because it incorporates forecasts for fiscal 2017. first there's the cpi. it was already revised down this january to year on year 1% from 1.7% reflecting a drop in energy prices and earlier the boj reported a further downward revision to 0.8%. however the governor said that with solid corporate earnings and boosts in wages the boj remains positive that the cpi is on an upward trend from its current 0%. they expect to accelerate gradually and remain stable tloult the year. but keep in mind another sales tax hike is expected to be implemented in spring 2017 and this could again weaken domestic demand. th

vamos a estar el prÓximo sÁbado en el nokia cantando todas las canciones.eople. no puedo convencer a mi mamÁ que haga un examen mÉdico, una revisiÓn a tiempo puede salvar vidas y una segunda opiniÓn nunca estÁ de más. a unirnos en oraciÓn, y a realizar el examen que podÍa salvar la vida. >> ¿quieres ser parte de nuestro programa? es muy fÁcil sÓlo envÍanos un mensaje por soy kira vilanova en al despertar extra...-solo 6 de cada 10 inmigrantes latinos en estados unidos han pisado una biblioteca... eso nos coloca como el grupo que menos visita estos centros del conocimiento. -asi lo arrojo un estudio del centro de investigacÓn "pew" indica algo positivo: una vez que los latinos visitan una biblioteca, son los Ás fieles en volver y repetir esa experiencia. buenos dias san jose la termometro marca una actual es de 56 despertamos con algunas lloviznas esta mañana. sin embargo tendremos un dia bastante soleado con temperaturas agradables. maximas de 70 y minimas de 46. la tendencia es que el calor aumente en los proximos dias. el jueves podriamos alcanzar los 80

shares of nokia off to 7.$96 and alta tell off to 4.$93. avon considering a sale and exploring strategic alternatives. the beauty products company canceled the analyst meeting because they are looking at their structure. today at 9.$15. an executive at jcpenney accidentally e-mailed information to an analyst and exposed before it was supposed to be and it was good news. they have seen same-store sales rise. but today investors hit sell. they were off at 9.$15. >>> proctor and gamble chief is preparing to step down according to the "wall street journal. the consumer products giant could see a change at the top this summer. fractions were higher today. and zillow saw shares sell after offering investors weak guidance. saying profit and sales for the year would be well below wall street estimates. shares fell more than 1% to 95.$65. and larry fink has a message for other chief executives stop worrying about the short-term. as first reported by the new york times he sent a letter to the nation's 500 largest s saying too many firms are paying di

nokia in advanced talks -- to buy alcatel.ig pop while nokia is declining in early trading. from company news to sports it's golf. they may have finally found their next big star. notah begay with a record-breaking -- jordan spieth with a record-breaking masters when. -- wi. n he could add a $10 million a year and endorsements to his golf winnings. -- hisa record-breaking masters win. joining us now is notah begay. he is tiger's former college roommate. when you hear people say, can jordan spieth be the next tiger woods, what do you say? notah: he made a bullish run up the leaderboard and through the record books and was able to set some amazing precedents with regard to his future in the game. nearly trampled tiger in the process. he would have set the all-time scoring record for the masters tournament, which is a record that tiger woods set back in 1997. he also set a couple of the records. 54 hole scoring record and 36 hole scoring record and tying the 72. he has what it takes. superstardom is an elusive job in professional

also telecom news nokia buying alcatel lucent.lues the french company at $16.6. >>> also the ecb will release the latest rate decision at 7:45 eastern time. we'll bring you that decision as soon as it hits the wires and a news conference at 8:30 eastern time. then u.s. equity futures. dow looks like it will open higher nasdaq up 17.5 points hire. >>> again, our special guest is hank paulson, the former treasury secretary as well as the former chairman and ceo of goldman sachs. >> and the author. >> and the author of a new book called "dealing with china." hank, joe asked you a question before we went to break. joe, do you want to rephrase it? >> maybe i can ask it a different way because you'd make a hell of a fed chief for a republican president too, i think. >> are you putting him up for that right now on the set? >> i tell you, an english major? >> look at your career though. but if you -- so take it from that perspective. would you have handled things differently if you had been sitting where either bernanke or yell in yellin

nokia expanding sale of maps business. uber and the private equity business valued $2 billion. shares popped today 4% to $8.06. shares of tech mira higher on approval of fda approved drug. clinical trial of an ebola treatment drug. last july regulators put the drug on hold until more could be provided on safety and efficacy. stock popped to $18.19 for the close. and our market monitor tonight has unloved stocks she thinks investors should own in their portfolio. she's diane with $180 billion under management. hi dianna. good to have you. >> nice to be here. >> first, your overall view of the market at today's levels of two weeks in a row of gains. haven't seen that in quite a while and back above 18,000 close to 5,000, 21,000 on the s&p. >> i was glad that the market paused during the first quarter to let the commodity prices sink in and let companies figure out how they were going to react and now, i think that we're going to be very interested to see what the first quarter earnings brings and i think the market is stronger from here. >> what do you think first quarter earning

vamos a estar el prÓximo sÁbado en el nokia cantando todas las canciones.s en oraciÓn, y a realizar el examen que podÍa salvar la vida. >> ¿quieres ser parte de nuestro programa? es muy fÁcil sÓlo envÍanos un mensaje por twitter y Únete a la conversaciÓn, nosotros te responderemos y sacaremos tus opiniones al aire. alan: seguimos en "despierta amÉrica", y rené camacho, sÚper lÍder de la arrolladora banda el limÓn, habló con nuestros amigos de televisa espectÁculos, y vean todo lo que le platicaron. >> joan sebastian es una persona muy fuerte, y yo siento porque esto no lo va a tambalear, porque tiene una gran condiciÓn, mis respetos para Él, y creo que vamos a la par, somos hechos de buena madera, yo lo Único que le mando es un mensaje de que le eche muchas ganas, a los muchachos, a sus hijos, que lo apoyan bastante, y nosotros estamos deseÁndole porras, porque es mi Ídolo, joan sebastiÁn. tengo toda la colecciÓn de las canciones de Él. >> ademÁs, y luego del accidente automovilÍstico que sufrieron los integrantes de la banda el limÓn en guatemala el pasado

gnocchi a shares are falling today -- no kia -- nokia shares are falling today.agreed to by a french company for $16.6 billion earlier this month. the ultra luxury housing market is scaling new heights. a record nties around the world now command prices above $100 million according to a report by christie's. five homes sold for more than $100 million last year, with at least 20 more on the market with nine figure asking prices. tesla is expected to unveil the first non-car product today. the company is introducing a home battery and large-scale utility battery, according to an e-mail sent to investors and analysts. these batteries will be used to store energy to supplement what consumers get from the electric grid. we have oh power president the -- we have the president of o power with us along with cory johnson and nancy fund. she was on the board of tesla and is now on the board of the sister company, solar city. nancy, i feel it you have the best idea of what tesla is going to unveil today. nancy: it is important for people to understand that this has been in

nokia may have to pass a deal before it merges with alcatel. combined, a would be the world against maker of networking equipment. etsy has priced its ipo at $16 a shares, the top end of the range. that means etsy raised $267 million. etsy starts trading tomorrow on the nasdaq. and a high-frequency trading firm is set to price its ipo at $19 a share, at the top end of the range, according to a person with knowledge of the matter. the company is raising about $330 million. the ipo was delayed last year after a book claiming -- claimed high-speed trading was reading markets. now to the lead -- in europe google faces the biggest threat to its business ever as the eu slaps the search giant with a formal antitrust complaint. how did it come to this? it all started five years ago when the eu began investing search practices after rivals like microsoft and expedia complaint. google tried to settle three times to no avail. now the eu has filed formal charges called a statement of objections, accusing google of being anti-competitive and abusing its dom

another key faller is nokia showing why they want to do that deal with alcatel-lucent.missing analyst estimates in their network business. this is all about phone equipment as the mobile companies beef up their infrastructure. these are the companies that supply them. yahweh. revenue rose but profitability is under stress. this is why they want to hook up with alcatel-lucent and why they agreed to buy them this month. they are trying to curve costs and overall look to expand and take on that competition. let's look on the bright side. that is portuguese food company. first quarter beat analyst estimates. jonathan: there we go. thank you very much, caroline. let's talk banking now. b.n.p. paribas reported a jump in profit. we spoke to the company's c.f. nombings paris and said positive trends are re-emerging across europe. >> if we stay in europe and we're seeing there were some shackles on growth. steps have been taken to remove gradually these shackles. it seems these green shoots are showing some glimmers of hope that they will blossom. for the rest i think we'll have

they got competitive in terms of alcatel and no kia -- nokia coming together. these are three eyes -- three things to keep an eye on. 75, 55 is where it trades on the downside. the central bank says there is room to remain in this lower band of rates. they may have room to cut rates. that is where you see the big move. the new zealand dollar down 1.5%. back to you. >> thank you very much. three minutes into the open. the ftse 100 a little bit firmer. the dax is higher by 47 points in frankfurt. some data out of france. i'm getting used to saying this. the pmi's come in. manufacturing in contraction at 48.4. services coming in at 50.8. the composition pmi coming in just an inch above expansion territory at 50.2. a little later we will get a reading on german manufacturing. we will get the same reading for the eurozone as a whole and the u.s. at two: 40 5 p.m. we will bring you those numbers as they cross. pmi data across the planet, we had some readings of manufacturing activity. both missed estimates. shanghai composition on a skyward trajectory despite the dat

nokia is buying alcatel. the largest acquisition ever for the company and will make it the biggest maker of wireless networking for mobile equipment. here is their ceo. >> we were doing well on her own, but if we look at the long-term, in order to be competitive and a leader in this field, it was important and made a lot of strategic sus from a lot of perspectives. otherwise, we are doing pretty well. they are also doing well at alcatel lucent. we will make the right per folio that customers will need and want to make us competitive like nobody else in europe. emily: the deal will have to pass a u.s. national security review because alcatel has security clearance to do work for the u.s. government. and a jury has found former new england patriots star aaron hernandez guilty of first-degree murder and sentenced him to life without parole. hernandez was convicted of killing a man who is dating the sister of hernandez's fiance. at the time, hernandez had a $40 million contract with the patriots. now to our lead

nokia combining. there's a headline from the press release. it had been errorrecorded previously they were in talks. it's a disappointment if you look at shares. it's not as high as many speculated. some expecting would be at least 40 if not 45%. it ends up 33.5%. the consideration is point 55 of the newly issued share. you're getting point 55 of the share of nokia creating what they hope will be a real competitor to the likes of erickson erickson. it seems to be very aggressively entering a lot of other markets around the world. >> i think that cisco is also a big competitor and i think that this some people could say listen these are two drunken sailer lors sailer trying to hold each other hup. >> those were two alcoholics. those guys had no hope. they managed to pull it off. i didn't think they could save the accompany. my hats off to them to stay in the game. >> they were finally cash flow positive for the time time ever. >> that's the merger. >> the biggest global tech deal since facebook last year. >> keep in mind europe is getting bette

no key and may help -- sell its -- nokia may sell its maps business. they are attracting interest from other companies and private equity firms. now to the league. preorders have started for the apple watch. apple's first entirely new product since the ipad. already they will have to wait many months with some additions unavailable to ship until june. there were lines that apple locations around the world including australia and japan but we did not see the great lines that we have become accustomed to in the past. perhaps because you cannot buy the watch today. apple is encouraging people to make appointments for those tryouts before the shipping date. one of the people that tried it out was our bloomberg reporter as well as the author of "1% windfall." i have long believed that the lines in front of apple were purely a pr gimmick, but the press, including us come intuitively show up every time they release a new product to use those lines to make it look like the products are popular and cannot manage the demand. >> apple is going for a different kin

then you have shares of nokia moving lower by four and a quarter percent.'s turn to jpmorgan, the first major bank to report first quarter earnings which rose 12%. the stock is jumping about 2%. a spike in trading in revenues, particularly in the fixed income land helped the bank beat expectations. flip it over to wells fargo. their profits fell 1.5%. first profit drop in more than four years. let's bring in fred canon, executive vice president of research keith and woods. joining me now to break down the banks. have been persona none grad athe past couple of quarters. (?) are they allowed back in? >> i thought you would say five years since the financial crisis. just a couple quarters. the challenge is the business of banking is tough right now. jpmorgan had a good quarter based on capital market activity. i think if investors want to look at something like a goldman sachs with that capital market exposure, that looks better. but the fundamental business of banking, that is, lending money and paying for it with deposits is getting tough. we saw that in jpm

nokia shares are falling today.inish networking company reported a 20% gain in first-quarter sales and a profit of $177 7 million. but adjusted operating margins declined to it and it helps explain why no q agreed to by alcatel lucent for $16 billion earlier this month. and the altra luxury housing market is scaling new heights. a record number of properties around the world command prices above $100 million. according to report, five homes sold for more than $100 million last year with 20 more on the market with nine figure asking prices. well, tesla is expected to unveil the first non-car products today. the company is introducing a whole battery and a very large-scale utility battery according to an e-mail sent to investors. these batteries will be used to store energy to supplement what consumers get from the electric grid. how can tesla adopt this lithium-ion to a new market? we have a guest from o-power. our editor at large cory johnson here as well. along with nancy fun. she was on the board of tesla. ok so n

that can said, they had merger and acquisition issues with nokia andal caandalcatel.onsumer stocks hitting all-time highs. hasbro. smucker's. and carters. and overall, how about the russell. can't leave out the russell. record all-time highs. keith said, everybody is just ignoring the fundamentals. they're just going with the taste. ignoring any economic news. and, hey, you can't find the tape. he said buy stocks. he's riding the wave. charles, back to you. charles: that's right. i love that. you can't fight the tape. let's talk to the investment pros about it all. matt mccaul. scott knell hughes. david nelson. hillary cramer. and steve cortez from chicago. (?) let's dig into the first real, real deal. new highs beget new highs. that's what nicole petallides is talking about from the floor of the new york stock exchange. how important is it that we break out during earning season if it happens? >> charles, it could very well happen because we're right there. i would say curb your enthusiasm for the market as a whole. i love energy names right here. i think this breako