nokia. >> what the charts rrgs i said i'm determined to do two. nokia and blackberry. have to figure out whether they're worth $10 or $3. so let me come back. jack in massachusetts. >> caller: ionis pharmaceuticals. sell or hold? >> i feel like every time recommend it. every time recommend it i feel like i hurt people. ions has all these great drugs. i don't know. the stock is stuck. i feel like cypress sammy, fit bit and ionis are three that i ought to do a piece about and i have gotten wrong. and why i have gotten wrong. i am sorry. i feel like i've lost the ability to opine. don in virginia. don. >> caller: hi, jim. good talking to you. cie. >> no. siena and jupiter, super negative. i'm still steamed about ionis and fit bit. and that tends could not looks of the line round! the conclusion of the lightning round. [ buzzer ] ions data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade. in tha

the job cuts are aimed at help nokia cope with a challenging business environment.ntends competition. coming up, after a tortuous year of leadership changes, the ceo is taking the company in a new direction. ♪ show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 makes it easy to find what you love. call or go online and switch to x1. only with xfinity. mark: they will act appropriately if need be. the currency strengthening. high.an 18 month a one-sided move. the dollar fell against the yen. further rate increases this year. makers smartphone something the most in nine months. at the company resumed trade after becoming the target of a u.s. investigation into allegations that it writes that sanctions against iran, saying the impact is uncertain, and a good-faith civil and criminal penalties. despite preliminary estimates. 5.7 billion dollars. it's something that estimated third-quarter sales against the elegy x -- galaxy s7 -- caps on i had started against --samsung i had started against rival apple. our by

nokia is reinvenling itself.i want to do an internet of things play, there are so many others that are far more in sync with that. and for instance broad com. that would be bear place to be. james in california. james? >> caller: hi, it's jaymes from california. i'm a first time caller because ten-year fan of the show. house of pain with semi conductor. $12.32. i would like to put the money to better use. should i buy, sell or hold? >> you saw t.j. rogers resign. i always associated him with being cypress. we want him to come on and talk about what happened. i'm not willing to give it up. i said cypress and fit bit are two longer term. i think i'm going to be right. but they had that big move up. what i shouldn't have done is say sell, sell, sell. come back on the show and explain what happened. i know you're moving. on but you're also staying to some degree. >>> right now you're witnessing a retail overreaction. don't jump in just yet. there will be better time to buy best of breed companies that won't beat that

nokia's workforce is set to double. nokia now concentrates on networking infrastructure.porate cutbacks continue. as manyra plans to cut as 1200 jobs in spain and close 450 ranches this year. -- branches this year. santandera's spanish business employs 24,000 people and contributes 12% of the bank's profits. lender second-biggest may also reduce its domestic branches, all that including -- from its ceo. the dutch are holding a referendum on an eu treaty that would ease trade and political relations with ukraine. ukraine is fighting two wars. dislodgeits effort to pro-russian separatists from its easternmost provinces, the other a battle to reshape the economy. the imf says pledges to combat corruption need to be kept. armed conflict has decimated ukraine's industrial homeland, home to the bulk of its steel and machine building. the economy shrank almost 10% last year. we don't have that chart up -- you read go. ukraine's 44 million people have made little economic headway since the fall of the soviet union. reformers who came to power in the nonviolent 2004 protest moveme

or worse nokia whose handset unit was sold to microsoft and itntually microsoft shut down completely last year. htc is pinning its hopes on the launch of the new flagship handset later today in new york city. the htc 10 based on leaked promo videos analysts say there is nothing to revolutionary about it. for an android smartphone except ande longer battery life better speakers and a thinker beveled edge. good luck, htc. rishaad: territories in the south china sea. how it is affecting the rights of the people who depend on those waters to earn a living. at the yen and its affect on the investment outlook for the asia-pacific market. this is trending business. ♪ rishaad: the violent surge in the end's value has japanese policymakers worried. to takeysts scrambling a look at all this. currently we are at just below 108 for the end. -- yen. japanese yenthe naturally gains further relative to the dollar. , bullish betsts there. if this goes up a lot of people are going to get burned. he called 115 and 110 and now he says 105 will be in the cards. >> because of the really aggressive easing

initial complaints dating back to 2013 from an industry group backed, at the time, by microsoft and nokiaemily: googles problems in europe date a few years before that. joining me now are jack clark, who covers google, and mark maheny. mark, you have been covering google for years. the eu made it clear they mean business. how much could this hurt google? >> this will continue to be an issue for google. is no company, maybe with the exception of facebook, that has dominance in internet advertising, search, as this company does. amazon does not have this market share. there will be other countries that will look at it in the future. what kind of impact could this have? it is impossible to tell. just a fine is not a big deal for shareholders. a material change in business practices, unbundling of search from the operating system or a required change to the search engine results page, that could become material to google. hard to know. emily: jack, where does this proceed from here? but the eune thing, has made it clear they are not happy with the business overall. >> there will be a discussi

and several analysts citing this merger with nokia and ak tell here could provide more competition for you as well. how do you deal with that? >> we've gone from 15 competitors down to 3 on the net side. and of course here we're down two two others. a dramatic transformation. i don't think any industry has gone from that in such a short period. -- >> -- needs to do more. >> it's hard to say but of course we have seen a slow down in europe when it comes to larger mobile broadband projects. we had a little higher pace last year and now some of our customers are slowing that down. i think it is important we get the legalization going in europe for the rest of the year but right now we have a lower pace when it comes to mobile broadband development. >> is that a trend you expect in the u.s. to continue? >> i think that we saw the first half year of 2015 being fairly weak in north america. lot of things were happening. it stabilized second half and now we see that continuation in the first quarter. and of course it is a market that is enormously important and we hope it will continue on thi

the job cuts are aimed at help nokia cope with a challenging business environment.g up, after a tortuous year of leadership changes, the ceo is taking the company in a new direction. ♪ thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. youto get the help you'refar looking for. that's why at xfinity we're opening up more stores closer to you. where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. crumpton.mark let's begin with a check of your blo

nokia is up 710 above the percent. it will reduce 40% of the workforce. that could be in the region of 10-15,000 employees. it is part of a plan to save $1 billion annually. another big story today is glencore, canada's biggest pension fund. they will buy a 40% stake in glencore's agriculture unit. i have done a lovely job for you. this is the big aspect of this world. how the miners performed since january the 20th. that is an they fell to a 13 year low in the industry group. check it out. this is normalized. the hp is up by 25%. the big to mining companies in the world. glencore will be sitting on a gain of 93%, look at this, anglo-american, if you forward shares from january 20, you'd be sitting next to a game next to 131%. betty: if only. i feel like that is a prelude to your batter of the sharks and nader. let's check in on first word news this morning. vonnie quinn has more from the news desk. the primary here is april 19. ted cruz and bernie sanders added the winners and was casas primary. 48% to 35%. for democrats, is sanders beat hillary clinton

more tv and cloud software to cope with increasing competition from the likes of technologies and nokiawe will hear more from the ceo this hour. become a big day from pernell. of whiskey saying third-quarter sales were in line . why are the shares lower? sales in china unexpectedly splayed. --slid. signaled a gradual recovery. diagio up by 3%. century fox, 12 -- sales rose 12%. more people, betty, are signing up to watch shows on "game of "sons of anarchy." thrones?"to "game of betty: i don't want to be because once i start, i will not be able to stop. mark: i am with you, betty. i can say the it for my retirement. [laughter] let's check in on bloomberg first word news. vonnie quinn has more. vonnie: president obama is trying to persuade saudi arabia and other states to contribute more. they discuss ways to strengthen the u.s. against militants. -- weremain in our fight remain united in our fight to isil.oy increase the fight against isil and the coalition. says theye president are committed to help the gulf states to defeat isis. they said the public should be allowed materials. they s

>> there is a wonderful example, we purchased nokia here -- the map service.nd we are in discussions with particularly the german partners in terms of infrastructure and we're talking to ford to make headway there as quick as possible. >> can you really afford a fight with the uaw at this time given volkswagen's issues in the united states? >> well this is not just a matter of our approach but also of the uaw. we've already expressed that we will not be -- preclude such voting. we just want to prevent that the work force is divided so any holistic solutions, we're open for discussion to that. >> and you had two minutes to speak to president obama and had the chance to apologize about the scandal. what did he say in response? >> he accepted my apology. and he encouraged me. to continue the discussions with the authorities in the u.s. successfully. and he also encouraged me when it comes to the future in the u.s. >> well it was interesting. i've had the chance to speak to the ceo of volkswagen three times in the seven months. and it was clear management did seem

plus the competitive environment has been intensifying against nokia.his is a business that has been expanding beyond the network year. that is the most recent story that the ceo is saying, leading to more clout the software and the like. much of the so-called fourth-generation networks have been done in the likes of u.s. and china. lots to talk about with the ceo of the company. he will be joining the later thise team morning at 10:40 u.k. time. manus: and we have little bit more in terms of structural changes, one of the big topics running through on that. ok, breaking. let us get out to haidi lun. good morning. thanks for that. mitsubishi motors have not traded here today in asia. the japanese carmaker yesterday admitted to manipulating data, involving at least 625,000 vehicles. shares closed down more than 60% on wednesday. the company's president has described the scandal as shameful. agreed toswagen has spend at least $10 billion to resolve civil claims by the u.s. government and losses by american car owners over diesel vehicles. that is accordin

. >> me and you have a nokia, actually. >> very good memory. >> we are differences between china and chinese companies and understanding culture. they have pretty interesting brands as well. >> of course. they are creating very powerful brands with great phones, also. >> are they investing into the phones internationally? >> yes. they have the opportunity in london investing in marketing. so they are understanding the importance of marketing. when you look at the brands and the value of the brands, it could be billions and billions of dollars. so they aren't quite getting the type of mindset. they are building in equity. >> they are watching in their learning. thank you. anglo has suspended its operations in the los bronces mine in chile. however, the group's processing plants are still partially operating. hong kong's hutchison is planning to block the attempted purchase of o2. they are looking to merge to o2-three. the commission is expected to obstruct the deal it believes would lead to reduced choice and higher prices for consumers. >>> crude prices trading sharply lower after th

finland's nokia on the move. higher by about 3.4%. >>> well, just mentioning italy, let's let out to julia at lake como. she's standing by with the former prime minister of italy. >> reporter: thanks very much, louisa. enrique, so great to have you on the show. we may be in italy, but i wanted to talk to you about u.s. politics. the last time you were on cnbc back in february, you said you feared donald trump as a u.s. presidential candidate. how is that fear adjusted two months on? >> i think the damage is done because donald trump won the electoral campaign. must be a he will lose the elections. i hope, of course. but he already won the electoral campaign. he's the elephant in the room everywhere, always, and he's doing something that is tremendous. he's changing the political mood in the states. he's obliging the other candidates and maybe the future president to change mood, to change directions, to have different opinions on many topics. for instance, trade. i was shocked by following the electoral campaign

i feel pretty good that no one has like an old nokia from 2005. that is basically always figured out here. you are the exception as opposed to the rule. this is great. it has been 25 years since we had. [inaudible] cutting-edge technology at that time, a big transition where we went from atari to nintendo. the soviet union was a major superpower that matched up as a country. the internet did not exist. before the innovation sector, before the tech sector, for what we have seen boom here in austin, immigration is actually critical. we no longer have illegal immigration system that works for today's economy. 40 percent of fortune 500 companies, 50 percent of silicon valley startups and 50 to 65 percent of startups and tech are started with at least one immigrant founder. immigrants are twice as likely to be entrepreneurs. if you look at our immigration system, though, we are being held back. let me tell you about our high skilled immigration system. we have an incredible problem. so we have an incredible problem with h 1 b, foreign-born students,b,

if you have something older, a nokia cell phone. you think nobody wants it. my old laptop from college. somebody may be able to use the parts. check it out. go to giselle. they even send you the box. >> what about the old ipods that apple won't take? >> try to sell on giselle. a huge market for it. >> if you have a kid grown up or a kid who is spoiled, there is now a market for all of those toys. i'm talking to my son at home. you can actually make money. your kids' toy trunk is a treasure trove. the old legos. we found one lego set. this is a better return than the stock market. the original price is $500. it now goes for $4500. you have to have all of the parts. that could help. a lot of things worth a lot of money. it doesn't have to be the fancy collector items. you can take a picture and post it on the app. >> this is what fascinated me most. everyone has gift cards. >> huge in the country. people are saying $1 billion of unused gift cards. first of all, april. did i get any gift cards for christmas. did i get in the stocking i have not used? go to starb

ben'sudi and were cities bought here from nokia last year.automobile production fell with upsets in domestic demand. in norway, lawmakers are putting pressures only rose largest sovereign tax fun to quit using tax havens. one lawmaker says the norwegian fund has about $24 billion in assets park in offshore accounts -- parked in offshore accounts. tom: sometimes you get lucky in journalism and you said to do an interview, in this case you move from result to panama and if you are blake schmidt keeps track of the wealthy in latin america and asia, you interviewed two lawyers. he nailed it last year by interviewing the two lawyers at the absolute nexis of the penama papers. dressedidt joins us now like a latin american billionaire. have you on the show. when you walk into the office of this firm, but was your reaction ? office ofinto the this firm, what was your reaction? any lawt looks like firm, people pushing papers and waiting for me on black leather furniture. we sat down and drink some coffee and started talking about their offshore creati

>> nokia not really. no one i think was expecting much from the ecb yesterday.part from a documents. we do not think the ecb as many before to act further, the summer. we should look at the real economy and the eurozone, it is doing ok. there is no sense of urgency there. my guess though is that when we get through the last month of the year, the market will start sending questions about the continuation of qe. for the time being, it seems they can take a little bit of a break, a well-deserved break. and nothing he said yesterday would tell us that they are ruling out anything. it is very much a case of which rather not doing anything more? anna: does at the end of those clips of mario draghi, defending policy, people perceiving the central bank losing credibility, it takes longer and more action from that central bank to achieve what he wants to achieve. directing those comments at wolfgang? lles: very clearly. it was a nice performance, very firm on the substance of the ecb independence. but he got really cautious in tone. but on substance, the point was ok, i

the nokia action wasn't good. lumia sales are down. the pc market is going down.e seen the battle that intel is facing because intel also made the wrong call on that. microsoft is trying to play catch-up and win in the cloud business. it is doing a good job, but it is still very distant compared to amazon. microsoft lumps all their businesses in the cloud together. last quarter, they were at $9.4 billion run rate and now they are at $10 billion run rate. does thislarry, how translate into your world? we talk about corporate level earnings, but these are huge companies that make a lot of money, don't spend much cash, and employed very few people. >> there's a political element to this. these are some of the biggest cash holding companies in the s&p 500. there are concerns about not using that cash, keeping it offshore for tax reasons. essential, they are to long-term productivity growth. productivity growth is very much linked to the technologies we are talking about. microsoft struggling to catch up. others are beginning to revolutionize retail. think of amazon. f

if you look at motorola, remember the razor or star tack, if you look at nokia, if you look at blackberry these companies disappeared because they missed a key consumer product cycle. but with apple, because of this stickiness, because of the ecosystem, it actually may help and fight against that hand set cliff theory. >> hand said cliff theory. i'm writing that down. >> walk us through -- >> on your hand? >> on the card. walk us through the implications of what we're learning from the study and even if it is a confirmation of what we already know. the real growth is happening in emerging markets. those are lower in phones. at lower margins, so who can actually make the money if that is going to be the growth area in smartphones in the future. >> yeah, that is what we're seeing so far with our checks this our checks this year. we can look at chinese government data in terms of handsets and they are quite strong for the first few months of the year. emerging markets are strong here. what's happening price points are definitely coming down but some of the components suppliers are going to g

the pairing of my cb spends -- the parent company of mercedes-benz was in nokia last year.mes after revelations that global leaders and celebrities used baton of us based law firms to perhaps hide their fortunes. one lawmaker says a norwegian fund has about $24 billion in assets parked in offshore accounts. hadish retailer first-quarter earnings that beat estimates. the strong dollar hurt margins. they get about 80% of the product from asia. h&m predicts the situation will improve by the end of the year. jonathan: thank you. let's get a check on the markets. where are we? up in london, up about .6 of 1% and that the cross most of the european equity markets except for the dax. a 25 points on the dow jones. looking at crude, amazing. wti up 2.67% gain. dollar yen at one 1042. -- 110.40 two. some of the market moves this morning and let's cross over to julie hyman for the talk on wall street. julie: starting with the european mover with shares in the green. they have to sell up yesterday and rebounding from that. they have upgraded the stock to a strong buy. is the prices tar

nokia clamshells. anything you do is bigger than the apple a vi.art: it seems like a plus for me. let's give facebook at some point. cue the music. there you go. pacific sun up a little bit, but we are nonetheless putting it on death watch. and update plays. you think of a lot here. something is wrong because the company now says they expect to file for bankruptcy. looks like a big deal of 35%. yesterday their jobs over 70%. last year 90%. in 2014 dropped 14% and just joined a bunch of retailers under pressure filing for bankruptcy. the list includes quicksilver, and also cachet. don't forget their strategic options. retail business is a little bit tricky. the big percentage terms. i stock with a $5 million value. do you get big percentage moves. stuart: that is what they're left with. nicole, thank you indeed. look at this ad from the gap. it is hard to believe this, but the way person has their elbow -- ashley: as problematic when the black child is positioned to be a white child prop. this is what they see. they've apologized. they are not suspe

. >> in 2006, we were actually one of the first festivals to screen a film that was made on a nokia phonenema feel. we've been about pushing the boundaries with technology as long as you tell a good story. technology is great. if you can't tell a good story, forget it. >> there was controversy, headlines at the beginning of this year's festival, when it was announced this film would be shown. later, the festival pulled it. was it because of the backlash? >> i was shooting a movie, in the middle of a lot of stuff. i think the movie is something that people should see. there was a backlash, which i haven't fully explored, and i will, but -- and i didn't want it to start affecting the festival in ways that i couldn't see. but definitely, there's something to that movie. there is another movie called "trace amounts." these -- there's a lot of information about things that are happening with the cdc, the pharmaceutical companies. there's a lot of things that are not said. i as a parent of a child who has autism am concerned. i want to know the truth. i'm not anti-vaccine. i want safe vaccines.

is a lot of policies pursued to not only address the borrowers who are struggling, but also to in nokia broader structure of college being hard to afford. there is now new repayment plans. are in.ou it is a broad expansion of of affordable loan modification that allow borrowers to pay a reasonable amount of income to manage the times of distress. my understanding is there are about i thousand people and rolling per day on average and we have to figure out how we can them on their to manage that and there are also new ways for borrowers to get out of default. new rules that have been put in place allow borrowers to get back on their feet through loan rehabilitation and we have to make sure borrowers are not hiding and they know there are options. has been a lot of interest and activity on and enhancements to student loan services. theent loan servicers are companies that help make a lot ofand there is work to do to make that process work better. the president and acted a student aid bill of rights that called for a number of potential improvements to student loan servicing and there is g