rbs and allianz? >> rbs, john farrell will break these numbers down.oadsheet said the tabloids, they're cutting bonuses, but when you look at the heart of the issue, having the conversation about what is rbs, five years on past the crisis, six years on, still taking historical issues on the chin. the biggest upgrading loss since the losses began. the question is, is this ceo who wants to throw the legacy issues and historical relations within rbs? we have rick from state street global, and we will get his perspective. perhaps he can help me wade through the china story. >> thanks, manus. anna? >> you have heard of hollywood and bollywood, but the nigerian film in history is the third largest in the world. with the man behind the nigerian netflix, who weighed in on the opportunity in africa as more people get internet access. >> we actually have more people watching in london then all of nigeria, which demonstrates the massive opportunity. 170 million people. you look at the tens of millions of users going forward, it will be coming from south africa. >

watching,ock we are rbs gaining some 1% on the back of that is. luxuryhave the stable of which topline comes in and line but that you go into the brand -- ug has under delivered. sales rose in the fourth quarter -- it is the first worst fourth quarter since 2009. it is about changing the product. that is where the underwhelming side of these numbers comes in. the other two key names in the stable -- absolutely storming ahead. it is a company in transition. they are getting rid of the retail part of the business. we saw the numbers from the sports business yesterday. >> they have been trying to restructure that for years. that is also a company that has to transform. >> the numbers can turn it around. you are looking at sales numbers with a rise of around 19%. there is no doubt about it. the market will focus on the gucci. ultimately, the leave upon turns around more quickly. you have to try to position yourself. kering, the company formerly known as ppr down. david, what is the latest in ukraine? >> the presidency has said that it will sign an agr

. >> rbs shares drop, the lender posts a $13.5 billion loss. the chief executive expected to lay out his turnaround plan for the business. >>> and wpp weak margins. the ceo says he should have done more in emerging markets. >> they are our most profitable markets now. i think over the coming years we'll be more aggressive and if there's one thing i regret about the last ten years, it's that we didn't go faster. >> and a split picture for two of the world's biggest asset managers, pimco owner allianz suffers. >>> okay, welcome to the thursday edition of "worldwide exchange," plenty to get through today. i'm looking at the russian military exercises down at the ukrainian border, 100,000 troops. >> posturing, 150,000. >> exactly. we'll talk about that. also on today's show qantas lays out plans to cut jobs and grounds some of its fleet after a disappointing set of numbers. we'll get the latest from sydney. >>> as we've been saying the russian flag is raised over the crimea regional parliament building. we'll be in moscow for the latest. >>> and so

and rbs retreats.nk their investment banking unit and 40,000 jobs will go in the coming years. hello, welcome to "bloomberg west." , mark barton. -- i am mark barton. we will speak with the ceo in under 10 minutes time. later, don't miss our inside look at the best of design in 2014, from architecture to apps, we will preview the top nominees for design of the year. digital art magazine will give his picks on "in the know." it has been the deadliest week of violence in the ukraine since protests began three months ago. ukrainian authorities have five protesters died, over 300 people have been hospitalized in the clashes that broke out february 18. david tweed joins us now from berlin. david, there are reports there may be in accord today? right, this is something that has now been confirmed on the presidential website in the ukraine, they are saying there could be in accord that could bring the crisis to an end. the accord signing will take place in kiev at 12:00 noon, which is 10:00 gmt. any more deta

john ferro on rbs.till with me is rick lacaille, chief investment officer at states global advisors. we have just heard the rbs story. i spent a bit of time with brady dougan, they have big issues in america. banking is hard. at goldman sachs, they seem to love banks. what is your general feeling on the industry? we can't judge every geography can we? >> some of the issues are transitory. you have litigation issues that are transitory and you have the european challenge, the ethic quality review, the recapitalization. i think there will be opportunities for profit in europe. have neglected or overlooked some of the opportunities. they have seen eurozone banks being undercapitalized. the lesson was, when you inject new capital in and you have a plan that is credible, you can get pretty explosive returns. >> this was when the americans cleaned up their banking system. >> absolutely. when the capital is not needed, it eventually gets repaid back to shareholders. if it is needed, it is a cushion that gets y

rbs up 1.5%.ting for confirmation in terms of the story that we will see a radical shakeup at the investment bank at rbs. u.s. equity futures, at the moment, we have a bit of a data crush in the u.s. today. existing home sales, we are expecting those to drop by about 4%. at. equity futures trading 18.39. we wait for the retail sales in the united kingdom as well. back to you. >> up next, we speak with a pro snowboarder and all around adrenaline junkie who survived an avalanche. we will show you the technology that saved her life. just a reminder that you can follow me on twitter. i will see you in a couple of minutes. ♪ . . >> welcome back to "the pulse" live from bloomberg's european headquarters in london. i am francine lacqua. guy johnson is off today. rbs is planning to retreat from its investment banking business and cut 30,000 jobs according to the financial times. it says britain's largest government-owned lender will announce the restructuring next week. a spokeswoman for the bank declined

. >>> rbs is looking for a turn around next week. it could take stock levels to their lowest in a decade. >>> and we are joined by a man would says the eu must pass a trade deal with the u.s. the eu's trade commissioner joins us in an hour. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> welcome, everybody. yes, you are all watching "worldwide exchange." glad you're with us today. our top story, the ukrainian president is saying that a political agreement is in place to solve the country's upheaval. this after two days of continued violence, which has resulted in the deaths of an estimated 75 people. after all night talks, an agreement is scheduled to be signed with pro european opposition leaders in around an hour's time. let's cross out to nbc's jim maceda in moscow for the latest. jim, what do you make of the potential of a deal like this? what do you think happens to make it actually come to this? >> well, it does seem to be moving extremely quickly, louisa, doesn't it? if

this branch became so heavy because of all the weight that rbs. it snapped off and fell on these po power lines, and i think you can see back there, that white transformer just hanging by a thread, and here are some lines hanging down and another line are som here, and i don't know what hangi exactly these lines are, but i do know that i am not going to touch them. power is out all through this area, and there are about ly 130,000 people here in big

supervise rb wiener. wiener present. [inaudible] all members are present >> thank you ladies and gentlemen of the jury can you please join in the pledge of allegiance. i pledge allegiance to to the united states of america [audio weak] difficult to understand. >> there are no communications today. items one-5 complice the consent calendar. these items are consider teen. >> [inaudible] i kill call vote >> items one-5. ween i. ye. i. [inaudible] supervisor comps-comps y. chew? chew, i. [inaudible] ferrule, i. supervisor tang. tang i. there are 11 i was. motion approved. can you read item 6. item 6 is a ordinance to [inaudible] 94 thousand dollar grant [inaudible] accountability measure squz amending the annual salaries of one addition to bun trial attorney grant position [inaudible] >> item [inaudible] without objection this ordinance is passed >> grant fun for [inaudible] entitleed oak dael avenue for the period of july [inaudible] >> supervisor coen >> just a few technical amendments on this item. you should have a copy

andy comments from the government or from the likes of rbs?utds will be welcome, those are the types of u.k. banks that divide value. when it comes to yield, hsbc. you trystands out. if to assess lloyd's, it is for a political at the moment. we know the government is looking to sell more of the position out. but we don't know what that level will be at. rbs, well, who knows what is going on there at the moment. it is just a nightmare. at the right price we might be a buyer of it. >> it is well below breaking, the price, isn't it? the wholesale group and micro focus, what attributes to those types of companies have? >> just taking booker, for instance. it is tapped into the economy, as is michael page. you can argue that. the moreus is difficult country -- company to pin onto that. every stock has its price. some of these have had a good run in the last few weeks. they might need to come back. i am advocating a little caution. i recognize things can jump when you least expect it. we have seen a few swan songs coming out of stocks. they have don

he is a chief asia economist at rbs. thanks for coming on.his provide for some of the countries in this part of the world, the developing world? >> i think, not very much. first of all, we like the communique, that that they are talking about unwinding the stimulus and trying to put growth back on the agenda. that is a good sign. in reality, would you have seen is the introduction of the kiwi, the decision to withdraw, all this has really been driven by one singular issue which is the health of the u.s. economy. i am not convinced that this is something that can actually really come through at this point in time. that said, i think there is a couple of things we need to keep in mind. the first is that most of asia is now out of the woods. if you look at the last indonesian current account numbers or india's current account numbers, the kind of imbalance that existed last year is now behind us. what we need to look for is u.s. growth. we need that. if we catch that tailwind, i think we will have moved forward and perhaps the impact of kiwi is

rbs -- the interesting thing, what happens with rbs. >> exactly. >> it's zoned by the government. >> >> majority owned by the british government. >> i think that's an open question i don't know the answer. but what is interesting is that actually scotland had a system very similar to the one it would be implementing during the 19th century or early 19th century. basically the scottish free banking era was a golden age and all it meant was that banks were free to issue their own notes as banks currently do as promissory notes on reserves. the difference would be, there wouldn't be promissory notes on gold. it could be bit coin if they wanted. what you probably see is a much more stable financial system. you'd have banks with much, much bigger reserves than they currently have. and -- >> we'd go back to the days of prudent scottish banking, right? >> that would be -- that's the wish. but the problem is that the smp don't seem to be too keen on this. >> they wouldn't be able to tax and spend willy nilly. they'd be in a straight jacket. >> this is it. and it is a funny question. i'm not

do you rb the last time uncle sam got behind the wheel? can you say crash? testified this week despite promises of an independent investigation nothing's been done so far. stay with us. >>> ahh! >>> maybe they just found out what the government's about to do your their car. uncle sam moving forward with new pls for technology in cars to communicate with each other. the goal is to help avoid government. wayne, you said the government crashes everything it gets involved with. >> it's technology. you can't stop technology. we have the same with the internet and iphones. same thing could happen here. in the long run, it's been a good thing. >> hey, john, what about this in theory it sounds like a good thing. we've learned in of the past, you can trust the government with data? >> yeah, i don't know what wayne is talking about. it's nothing like the internet. wayne, no one forced you to get on the internet. no one forced to you get an iphone. >> hey, you can walk. >> wait a minute, the government is forcing you to put the technology in the car that's a cost to pe

the most recent exec bonus bash hitting rbs. word it is paying out almost a billion dollars in bonuses. we have a wells fargo chief economist, john silvia, and "wall street journal" senior writer spencer anthony. thanks to you all for joining us. i don't know if you noticed this, we were talking about this in meeting. huge paychecks in silicon valley, no one bats an eye. eric schmidt in google another $100 million just for being chairman. marisa mayer, signs on, given $129 million. i'm sure she was leaving things behind at google. that's why they did it, no one bats an eye. jamie dimon, $120 million. why is there a scandal. >> financial services and seems scrutinized. they want transparency. they feel they're the reason for the crisis. therefore any money that is being given out is going to be criticized. melissa: spencer, is that what it is all about? >> wall street almost brought the entire global economy to the brink of a global depression. melissa: but dot-com bubble burst. >> that was a long time ago. i would say this. i do

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they say jamie dunn has made personal pictures to rbs. and finally a telegraph reports that rbs officials have been called to talk about their u.s. capital position. the press is busy with this. >>> lloyds bank is releasing earnings ahead of the 2013 full year results. the bank is disappointed with the rising amount of money it put aside to cover costs related to insurance policy misselling. lloyds added it expects to restock payments in the second half of the year and the work on sales of shares to the public has also started. joining us with his thoughts is edmond southson, nice to see you. another ppi provision, 1.8 billion, now to 9.8. >> approaching 10 billion, isn't it. >> was that more that it just doesn't seem to stop? >> we seem to be feeding through. last week we know they have 465 million further ppi. they thought the ppi bid has come off, and it's not tailing off as someone expected, so another provision made. really disappointing news for shareholders because it is still looking back at past demeanors. people want to look at

do you rb the last time uncle sam got behind the wheel? can you say crash? really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ >>> coming up, uncle sam driving a new plan. but is this a step toward safety or two steps back on privacy? and then the and as congress continues to raise big questions about the irs scandal, you'll hear from a prominent tea party leader who testified this week that despite promises of an testified this week despite promises of an independent investigation nothing's been done so far. stay with us. >>> ahh! >>> maybe they just found out what the government's about to do your their car. uncle sam moving forward with new plans for technology in cars to communicate with each other. the goal is to help avoid government. wayne, you said t

. >>> the blond getting linked to rb inand paula's split gets grilled by the paparazzi.elcome to "entertainment tonight," anybody who saw that photo of robin grabbing that woman's back side has to wonder what was going on. well, tonight, we'et

that companies with under 20 employees are not covered under the fair chance ordinance rbs but if you a parking lot operator [inaudible] you can only consider crimes that you have been contradicted corrected of. the second amendment is page 3. line 22 and 23. provided the applicant shall not acquire [inaudible] police code 49. [inaudible] knows has been convicted. just want to [inaudible] >> supervisor kim. is this a second to that? second by super[inaudible] objections to some visor kims amendment? any further discussion? >> on the underlying item as amendmented we take same house came call? without objection that is the case >> item 15 is the ordinance [inaudible] safe body art. to create annual renewal requirement for practitioners [inaudible] by adding fees related to body art [inaudible] >> same house same call. orbd nns is passed. item 16 >> motion appointing supervisor [inaudible] as a alterinate member to the san francisco local agency commission [inaudible] >> motion to exkoos supervisor and [inaudible] seconded by [inaudible] that should be the case. we can take a roll call

>> rbs? >> sorry, hbos -- >> no, what i meant, is that hbos is a unit of -- so, you know, if you had santander earnings, santander, if you know what i mean. thanks very much, helia. >>> third quarter profit jumped nearly a third beating estimates saying buying motorola will have a short-term impact, but it expects to turn around the business in around three to five quarters times. richard is in dubai. you haven't got much rain at all there, richard. >> no, know rain at all, i'm happy to say. >> good. i'll come out. richard, lenovo, have you had some concerns about it? >> my only concern is that right now, you look at lenovo's margins right now, they are wafer thin, around about 3%. now, if you look at what motorola is doing at the moment, that company is basically losing $200 million a quarter. when you stick the two together, margins are going to go to 1%. that leaves lenovo very little room for maneuver. what i think is going to happen, for the balance of this year, you'll see low profitabi

he calls rbs the industry's least trusted leader, does the ceo. >> the bank. the largest bailout in europe. still owns the vast majority of the bank and is still pulling the strings. >> by the way, wire pros playing in the olympics? >> that is what the nhl is asking -- the players love it. >> the players love it and flagwavers love it, i am not fair -- sure it is fair to college athletes. >> we need to go to the ukraine. we spoke with the new leadership to read good morning. >> good morning. his name is arseniy yatsenyuk, the prime minister designate. inis about it -- to be voted as the interim prime minister of the country for the next few months. parliament is still chewing over this decision. >> how front and center is crimea to the management in kiev? >> very front and center. i was standing in the parliament here in kiev. meanwhile, in the crimea, the parliament had just been seized by a group of about 100 gunmen. i asked the prime minister about that and he said it is the first crisis he has to deal with and he will deal with it immediately. can, will do

rbs has posted its biggest loss since 2008. more on the numbers. disappointing.bank saying we are the least trusted company in the least trusted sector. brutal. this -- weent bought are way off. this bank has 35 billion pounds of losses in the last year. this bank has just delivered the biggest loss since 2008. these are big numbers. was coming. a loss the delivered in quite a dramatic way. we do not have a number on job losses. we do not know what is going to happen with citizens bank. are an investor, where's the incentive to buy right now? >> it is not done yet. >> we do not know what the restructuring is going to be. that will be a big one. this man is a retail man at the end of the day. it in, make itn more of a corporate retail bank -- that is more politically palatable. .07.want this back at 4 >> thank you very much indeed. shares are climbing in hedge funds. caroline hyde here with more. >> climbing up more than 11%. they announced their full year for 2013 and came out with plenty of positives. the positives are numerous according to rbc. some $54manage b

hitting a four month high prices continued to shine to date we have george from rb seibald managementtt who was also a fox news contributor. you were always bullish on gold. >> and have been since there were too many beers and the widespread now we have the teetwenty meeting and it thermal oil and currency devalued. melissa: but that is not new >> but a lot more since december and last year because of the up for performance down 28% now it is up 28% people were under invested. now going back to asset allocation but there is some differences people have not mentioned the divergence has stopped it is up 170 and gold is up? melissa: but that is the problem. you don't want to own gold when it trades like stocks it does not give you a dividend or diversification. a lot of those conditions have been going on over quarters and gold was smoked last year. also that taper is going on on, the fed is pulling back that is not a good environment for gold. the fact that the inflation the cpi is to present or low and there is no inflation anywhere or to have golden your portfolio. >> click internatio

and accountability review board or a rb whose members were selected by mrs. clinton under secretary patrick kennedy who is blamed to blocking additional requests. they were not interviewed. while legally permissible. this compromised the report's independence and impartiality. a new document documenting her time secretary of state. there was an endorsement from general petrasus. and law makers taking up this issue on the sunday talk shoes. >> it was on her watch, she should have known security was not taken care of. she calls it her greatest regret as secretary of state. >> the only thing, the republicans are obsessed with obama care more is benghazi. hillary clinton, and joe biden are great candidates and far greater than what our friends will put up. >> some law makers accuse general petraeus of providing false information to congress. and later he, too, believed he thought it was terrorism. >> more on this now. >> for more, we'll go to someone who is written in the book, john bolton. and ambassador to the united nations and you are laughing in anticipation

in reverse.qe also, and this is big, something that rbs is talking about, it could open the door to quantitativehe eurozone. >> some are calling it quantitative easing by the back door, and the program actually finished in 2012. the impact this will have on financial markets, i have seen one number of 175 billion euros in boost to the financial system. equivalent of the the liquidity they have been absorbing for weeks. it will no longer be at of the system. it would be a big boost, but i think it is more the reaction of what they are doing. >> what it would symbolize rather than the action itself. >> it is such a symbolic thing, the bundesbank is saying, look, we're not worried about inflation so much anymore. >> the bundesbank has rubberstamped this. if it goes ahead. >> believe me, later on when mario draghi gives the press conference, if they have not started the sterilization, if they don't give a sign of that, you will be pressed so hard on that issue. >> will there be an interest-rate cut, some other kind of measure that smells like quantitative easing? or the deposit rate could go negativ

joining us with his view, tim skeet from the institution of pcm at rbs. thanks for joining us, tim. what do you think? >> our house view is there will be a cut. going back to the point your colleague just made, why bother? and the answer is the signal. it's incredibly different right now to know what to do. >> the last signal didn't do anything. >> well, you say that. you're always trying to interrupt ahead interpret ahead of what they do. the fundamental problem we have is is there growth, how much growth? how do we fuel growth? one of the problems we need to get back so is what's happened to the banking industry, how fast is it shrinking? is it balance sheet capacity to fuel the growth? what draghi says about that is going to be equally interesting, right? >> surely the big signal here is what else, what else he can do. >> exactly. >> what else can he do? >> he's talked about monetizing all sorts of other assets, providing the finance or securitization. cut back a few years. securitization was a word not used in pligolite company. now it's coming back o

monitoring very carefully the situation recognizing that along with our our r european partners that there rb consequences. >> the secretary of state john kerry said the united states is considering additional sanctions. now this fight is important to the united states in one way describing it as this, it's a proxy war. the ukraine on a map, smack in the middle of russia and the west. for putin ukraine is important. his first step is getting ukraine firmly on his side. that's something president obama doesn't want to see what. what will mean with the truce between obama and putin. nick walsh is here. will the truce hold? >> reporter: unlikely at this point to be honest. we can't see much of a truce as it stands. we know he met leaders that they agreed on, one, a troous, and ending the bloodshed. >> we've seen protestors and mo molotov cocktails. stun guns. fireworks, as i say. there's thick black smoke from tire fires being used to keep people back. no signs of lessening of tension. eerie and pacifying. there's a priest conducting a mass. >> nick, the protesters are talking on the bull horn,

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. >>> rbs is paying out a billion bucks in bonuses. it is causing an outrage.when google us did the exact same thing? even when they say it's not, it is always about money. melissa: oil climbing higher right now as the u.s. government looks to add new emergency regulations around transporting oil via railroads. over to fox business contributor phil flynn at cme. oil and natural gas is a big mover today. what is going on there. >> it is. we're seeing collapsing of the curve in march and the april mainly on changing weather

the chief asia economist at rbs and shadow banking risks. . .we are live in hong kong and this is "asia edge." a look at our top stories, sounding the alarm. china issues new health warnings as pollution levels soar. shanghai takes on the world by staying close to its roots. >> i am mia saini. also coming up, growth prompts austerity apogee 20 in sydney. the imf chief warns of market volatility ahead. private jet limousines and billion dollar loans, the iranian firepower being deployed in macau's battle for gamblers. we hang out with the best of the best in singapore's air force. >> good morning to all of you. i am david ingles. let's get straight to what is happening with your money at the start of the week. a relatively quiet start. stills are sterile -- are fairly low compared to usually. there is not much to trade on as far as macro moves. with the exception of the chinese market. up 11stock markets were out of the past 13 sessions. atfor the fx markets, look the yen, look at sterling, look at the euro.

rb former u.s. assistant secretary of defense and retired navy captain.nks no your time. >> thanks. >>> the senate passed a massive farm bill today. it cuts food stamps and extends farm subsidies while expanding the federal farm insurance program. some of the biggest recipients of those farm subsidies include tyson's food, pilgrims pride and rice land foods. president obama is expected to sign it in to law. the pentagon is feeling the impact of leaks by former national security agency contractor edward snowden. the head of a defense intelligence agency told the house committee today the pentagon will have to make costly changes to programs and personnel. michael flynn says there will be changes of all branches of military because investigators have to assume that all the information that snowden ever accessed is compromised. >>> tension says between the u.s. and afghanistan are certainly mounting. a new report claims afghan president hamid karzai is trying to broker a peace deal with the taliban that cuts the u.s. out of the process. mike viqueira is in w

again, that is an economist at rbs, it is not at a left-wing think tank in washington.s a firm. you realize that many people are not benefiting from that runoff in the stock market. did you do any thinking about the myra program announced by the president last week? guest: i have not cover that. again, the more you can get people to save and put aside money for retirement is a good thing. i do not think anybody could be against that. the challenge is if income and wages are not growing, it is very hard for people to put more money aside. host: joe from ash, north carolina. caller: good morning. throughoutis this -- history, manufacturing has been the backbone of any country .fter the second world war europe and asia was decimated. states built the world, you cannot blame the companies for going over there and making millions and billions of dollars. if you do not put your manufacturing base back in, people are not going to work. not everybody is going to be a reporter, not everybody is going to go and be a doctor. they're going to drive nails, pick up garbage -- and i h

i look at rbs with 30,000. really beginning to add up. working all. >> these archives making loans. is thethird item following, samsung unveiling the newest smartphone. s5 has a fingerprint model and a larger screen. attempting to keep high-end users from by hank smartphones. it is dust and water resistant. >> water reason to -- resistant. droppedlways -- almost my phone into places i do not want to share many times. >> this is critical. quotes in theil shower? >> no, but i can now. look at the commodity quotes from the shower. thatould point out caroline horn -- caroline hyde at of london will speak with the blackberry ceo later. we are going through the release. it does look like sales came in 6.83 billion. in six poin the real number you need to know is at the end of the fourth quarter, almost 47 million. t-mobile really having the price war. >> it has not been the same since catherine zeta jones left. we wanted to bring you someone smart on the market. strategist.quity he has written a very nuanced note within the enthusiasm of dallas 16,207. ? >> i amtowable stowable, but i thi

clients include rbs and visa.the business and the earnings is the monetized -- monitise ceo. thank you very much for coming to talk to us. give us an overview of where you sit in this space. environment for those looking at it, a fast-moving environment. part of the mobile ecosystem that lots of companies want to be a part of. where are you? you are right, it is complex and it is global. more than ever it is predicted to be very big as a market. if you think of it, 7 billion mobile phones on the planet, only 2.5 billion bank accounts. you think of people who have got a mobile phone but not a bank account, that is an opportunity to grow our services. lots of people come into the space. we started quite a long time ago. we continue to play the same role. we are white labeled, not a consumer brand, not trying to steal anyone's lunch. one of the golden rules of payments is that it has to be -- if you get off a plane in japan and use your atm card from lloyds bank, you use the same pin. it happens because below the sur

the fact that rb said someone smart enough and creative enough to write that in the moment and have approvalse agency side, and the client, that's what you need to do. does it cut into the promise of your business that when you have people able to do this for free -- you have someone like richard sherman who doesn't have an agency. maybe he did. as far as we know, he is going to the cameras and talking on his own. reacheasier than ever to a huge audience without having someone messaging for you. >> it is quality and quantity. we look at having people 100% focused on what is going on with social media, having professional writers and copywriters and designers who will adopt and create for the moment. >> so maybe, maybe the secret to advertising on twitter is not actually to advertise, right? there is so little real estate. maybe it is this thinking. to tailor tohave the brand and the products and the audience. >> but how do you get paid? you are an ad guy. >> what is interesting is following along before, during, and after the tweets, to see how to message is and respond that. that is not some

. >> number nine, rbs shares down six percent as they report the biggest full-year loss since the bailoutnew ceo is trying to revive earnings by combining units, shrinking the investment bank and cutting jobs. likes number eight, blackstone. agreeing to buy 25% of gianni first half cheaper $287 million. this marks the end of a lengthy search for for saatchi family owners to find an investor. versace. motors.r six, general seven, general motors. up twober six kohl's, percent. toer jaffray continues recommend the shares and notes that the company management indicating on the inter--- earnings call it sees early success from a new loyalty program. >> number five, amc networks. jumped that income thanks to the walking dead. h a new show.t better the challenge is "breaking bad" is over and "mad men" is ending. >> walking dead has jumped -- >> a lot of people still watch it. >> no. show and gotmbie insane. that is weird. >> it was more believable the first year. the hotelfour, reporting 13%. helton is considering selling its stake in the waldorf astoria in manhattan or the entire hotel. that pl

if you look at hsbc, morgan stanley, rbs, barclays, it is a litany of banks who have had legal problemseurope or the u.s. or most likely both. bnp is just the latest one to have the same problem. >> thank you very much for joining us. >> coming up next, nestle just reporting earnings. the world's biggest food company says it sees a challenging year ahead. nestle's push into new products after the break. ♪ >> these are the bloomberg top headlines. ecb president mario draghi says europe should have a single resolution done within five years. he says it will take an additional five years to reach his target level. he also expressed support of the european stability mechanism to safeguard the fund. >> we believe a single resolution fund needs a solid public backstop. an ability to temporarily borrow, market backed by guarantees from participating member states or access to a credit line potentially from the european stability mechanist. thatere are early signs tourists are returning to egypt. the 2011 revolution caused a collapse in numbers when the government issued warnings to travelers.

many rb recalled, particularly if made last year. that is vintage. the problem is with the accelerate pedal. it is not as if 007 took his foot off the gas, he would go slower. said it was meat by dupont. it wasn't. -- made by dupont. then general chang, who had a small part in "tomorrow never dies" but an important part, would be to catch up and it would be all over for james bond. it led to almost 17,000 cars being recalled by the luxury aston martin maker in the united kingdom. >> austin martin. >> i was thinking austin powers. >> or austin, texas. we could go on. >> i love the james bond, by the way. that was a great line. >> i've been wanting to say that for a while. >> sony issued a profit warning today. they also announced, this is the real news, a significant restructuring. here with more is caroline hyde. we go to a new plan. >> that is two eathornes in the side of sony. -- - eathornes in the eathornes in the side of sony. tv still a key concern for them as are phones. they are just not winning out to apple. samsung. those two companies have

rbs at minus 1 is% growth of 1% this time around.rvices, which is whether it complies with transport is expected to grow 6% this time around on a conservative basis. now there is an expectation, as well, with transports leading the decline. remember, it has been this slow anywhere between 3% and 4% in terms of the growth in the past few quarters. so it is expected to be a fiscal gdp growth led by industry. but remember that the central statistics organization of india has set out a figure of 4.9%. so in order to get to 4.9%, the economy has to add at least 5.2% in these two quarters, which includes this quarter's gdp data. and more simply, the competentists are skeptical. >> we'll find the number and get -- we'll have to wait until monday to see what the market react will be. good to see you. thanks for that. have a great weekend in mumbai. >> lee, i know you're expecting something below consensus, 4.7% year on year in the fourth quarter. as i look from manufacturing to consumer spending, they're all incredibly sluggish. india is rel

we're watching rbs. rbs, the bank, which is 81% owned by the british taxpayer, will announce it's axing 30,000 jobs potentially here in the united states and internationally as it goes back and retreats back to be a more domestically focused banks. we'll wait for the announcement next thursday from the new ceo. still waiting in rome for the man who will be italy's new prime minister to announce his cabinet. mr. renzi was due at 10:00 new york time. we will get details throughout the day. optimism of what he can deliver in terms of reform, taxes, or whether he will be basically stuck in his tracks as the two previous prime minister were from the two institutional drag there. italy's bonds in the meantime continue to rally and the yields fall as you can see now at 3.6% on the ten-year. guys, have a great weekend. back to you. >> thank you. >>> let's bring in bob pisani with a look at what's moving on the floor. slugging off existing home sales. >> we've been talking about how the markets don't react to neg

this branch became so heavy because of all the weight that rbs.s hanging down and another line are som here, and i don't know what hangi exactly these lines are, but i do know that i am not going to touch them. power is out all through this area, and there are about ly 130,000 people here in big montgomery county without power, and the problem is under foot rature and the temperatures are below freezing and the back roads are still covered in ice and, by the way, because there are so many situations like this one all ike t through this area some people in this area won't have their power back on until well into u the weekend.to the charlie, norah, gayle? >> thank you. >>> and winter's fury keeps . coming. and megan is back with us. good morning. >> good morning. we are looking at a system out west now, and that's good news r. for the west coast in that they ing. will get an inch of rain in san he francisco over the course of they'll get next 24 hours or so and as much o. as 2 to 6 inches of snowfall in portland oregon and this is associated with w

inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] 4r-rb [inaudible conversations] [inaudible conversations] >> again, we are live this afternoon from the atlantic council here in washington, awaiting the start of a discussion on u.s./european trade focusing on a transatlantic trade deal. we expect to hear from 2012 presidential candidate and former u.s. ambassador to china jon hunts match. it should start in -- huntsman, it should start in just a moment. president obama earlier today traveled to the maryland suburbs to talk about changes in fuel efficiency standards for medium and large-duty vehicles. here's a quick look. >> we're taking the next step. heavy-duty trucks account for just 4% of all the vehicles on the highway. i know when you're driving sometimes, it feels like it's more, but they're only 4% of all the vehicles. [laughter] but they're responsible for about 20% of carbon pollution in the transportation sector. so trucks like these are responsible for about 20% of our on-road fuel consumption. and because they haul about 70 pe

thanks for that, senior uk economist at rbs. >>> shares in swedish banking group seb have jumped after the firm posted a stronger than expected rate in the fourth quarter. the group, which has a dividend policy to pay out 40% or above per share said it's going to pay out a 59% payout ratio, a long way above analyst expect ages. joining us on the phone from stockholm, jan erik back. what are you confident about? >> well, i think we have built our balance sheet in a good way over the past few years. so i think we're -- you know, we're sitting today with a very sound capital situation. so it's just a reflection of that. >> how would you describe your loan loss portfolio? >> we've been very quality minded for a long time. loan lows today are extraordinarily low. we've been there for a couple of years now and i think this year is not going to look very different. asset quality is good throughout. that goes for the baltics, as well. at 35, 40 basis points, you know that's where that's going to be. asset quality is something we're quite comfortable with. >> you mentioned the baltic region had

paying attention to the house of representatives, what was raising the debt limits that the markets rbpy about today. >> that's a huge piece. i think we'll be focused more on that ultimately than we will be the minimum wage or is it the other way? >> everybody is making the jokes, too, john, that there was a meeting between the capitalist and a socialist in washington, d.c. and then they always make the capitalist hollande and -- you know, you've heard that one, right? >> you've heard hollande is going to head to silicone valley today. >> is it? >> yeah. but his approval rating makes that -- the president's approval rating is probably double what hollande's is. hollande has a bump with the new girlfriend, right? >> not yet. >> he's got some problems. >> which one? >> well, they both have problems. >> take it away. sorry. >> john, let's go back on the debt limit and what that ultimately -- what that means to the party and what the republicans have decided to do in all this. >> well, it's a positive for the republican party that john boehner made the decision to simply cut out the game p

we'll start off with rbs, it did up its bonus pool, but the stock off 8.6% today. the ceo says restructure will mean it's more difficult, it will have to make more difficult choices on jobs in the years ahead. they're also saying, we're going to have to off-load systems. some of that may be coming through ipo, but systems, the u.s. business, will be going. wpp, down 5% today. sales were up in the last quarter of 2013, but investors aren't impressed by warning or margins. the ceo saying he should have done a lot more to get businesses out of emerging markets. and alliac, the owner of pimco today, roughing meeting expectations dividends, but they had a strong performance from the property division, life and health insurance missed forecast, and they're blaming pimco for the weaker expectations for 2014 as well. props with pimco weighing on allia allianz. ahold up 4%. the dutch retailer has a big retail presence. the fourth quarter numbers came in a notch above market expectations. that's highlights of some of where we're trading, but sentiment down a little. >> thank

rbs says maybe he be able to free up labor markets.s of the last two p.m.s had will still be in place. meantime, the commentary i like the most overnight is from jim reed at deutsche bank who said how appropriate it was that it occurred within one of the parties in italy just as the matteo "house of cards" season two takes to the air. >> internal power struggles within a party. >>> let's bring in mary thompson with a look at what's moving in u.s. markets here on the floor of the new york stock exchange. >> we have a mixed marked following mixed data. consumer sentiment numbers early reads unchanged from last month and better than expected. the big number was industrial production. weaker than expected because like retail sales yesterday it was blamed on the weather. investors are taking it in stride. seeing gains in the dow. the nasdaq is livelier today as the stocks are set for their second straight week for gains. the sectors following today despite the decline in oil. we're seeing strength in energy. that's a leader. also consumer s