it works. >> robert albertson of sandler o'neill.ep walia is going to do and ask all tutorial -- to do an excel tutorial. >> coming up on "surveillance," aroundtical struggles the world. coming up next on "bloomberg surveillance." ♪ >> good morning, "bloomberg surveillance." i am tom keene. here's adam johnson. >> the search area for the missing malaysia airlines jet has shifted almost 700 miles to the northeast after write our data shows the plane was traveling faster than estimated. it travel a shorter distance than previously thought. the new areas closer to land, which will allow planes to spend more time over the water searching. of oscarr trial pistorius has been postponed after one of the judges a system -- after one of the judges' assistants became sick. the stories' -- pistorius pageantry lawyers were supposed to present the case. he is accused of killing reeva steenkamp. the trial will happen on april 7. chris christie says the decisions made by former aides in the bridgegate scandal continue to baffle him. he spoke with di

. >> robert albertson, wholistic view, obviously the point of this exercise is to see if the banks arevere turmoil. last week's test combined with this week's test, are you satisfied they're in a stronger place? >> the overall the message is these are battleship and maybe two or three have to close a few more portals. i can understand the short-term implications for those who didn't quite pass. you have to put it in perspective. we have a 30%, 35% higher capital base. we have trillion dollars of losses written off. we've got now five stress tests they've gone through. $200 billion at least in terms of litigation costs and reserves. by the way, that's bigger than the t.a.r.p. was back in 2009. and asset growth is very slow. so considering all that, i think this -- you know, the general message is these banks are banks that went through this are about as solid as you can get and the fine edges have to be sanded down on a couple more. problem always is we don't know exactly what the fed differs with in terms of a bank and particularly when it's a qualitative not a quantitative issue which

now he's wondering if the $9.2 billion sale of safeway to the company that owns albertsons will lead to lower prices. robert edwards answered that question. >> after the two companies combine our customers will benefit from significant cost saving synergies and a stronger management team. >> reporter: safe way headquartered in pleasantton has 100 locations. it will become the largest retail grocery chain in the u.s. the director of retail management says combining two grocery giants will phase out more middlemen. >> i think efficiency will drive the prices down and i hope shoppers would benefit from the lower prices. >> whenever you have cost cutting or cost-saving measures, it never really seems to make it to the shelf. it's all about the employees. >> reporter: both stores will be owned by sirbrus, a new york based capital management firm and that concerns union management. >> they bought everything in 2006. they sold everything that wasn't nailed down and some stuff that was nailed down. >> reporter: and there were layoffs too. they say streamlining is inevitable. how it takes place will decide the fate

. >> albertsons ceo said in a statement, together we will be able to respond to local needs more quickly and deliveroutstanding products at an lower price and more efficiently. robertedwards the president ceo safeway said, we look forward to working with bob miller and the rest of the albertsons team as we proceed to become an even stronger organization. >> i don't like albertsons or lackeys when i go in there. >> it doesn't bother me. >> safeway officials say at this time no safeway stores will close because of the merger. if approved of this deal could become official by the end of the year. >>> go to ktvu.com's web link section to learn more about this deal you will find a link breaking down the specifics of the agreement. >>> the led light show on the western san jose bridge is being turned off this evening for ten minutes. what's being called the blowout started at 7:00 p.m. the ideas to mark the anniversary of the beirut lights and to raise $12 million to keep that our project going for ten more years. >>> the bay area premiere of a movie that remembers a hero on board flight 93. the united flight that crashed in pennsylvania on 9/11. >> the rugby player, the