this is all rolls-royce.hen you get into that spirit of ecstasy controller and write with your fingertip and use all of that technology, it is exactly what a rolls-royce customer would expect. >> i always expect an umbrella in the door. >> of course, with every rolls-royce you look at that. -- you will get that. you can roll it back up and not have to worry about mold. >> mercedes-benz is rolling out a new luxury supercar. i spoke with the u.s. ceo about the new addition to the s class. >> it is the crowning achievement for the amg brand. it is coming later this year. to me it is the perfect intersection of beauty, intelligence and raw performance. withrive in perfect style a car, probably the most beautiful asked class we have ever put in the road -- enjoy a number of amenities like hot stone massage and aromatherapy in the car while hurtling from zero to 60 in 3.9 seconds. >> you could argue about the sauty of this versus previous classes, but you can't argue with the technology of this vehicle. it could dr

this is all rolls-royce. when you get into that spirit of ecstasy controller and right with your fingertip and use all of that technology, it is exactly what a roya rolls-royce customer would expect. >> i always expect in a berlin the door. andou can roll it back up not have to worry about mold. now a special channel for the new york auto show on mobile and connected tv. it is on bloomberg plus for db andobile web, apple amazon fire tv. anywhere you can see that starting this week, you can no longer buy a tesla from one of the automaker stores in new jersey. it the garden state is the fifth to ban direct tesla sales, saying the company infringes on auto franchise laws. you can still buy a tesla here in new york. here's how. most people go to a dealership when they are shopping for a new car. if you want a tesla, you head to the mall. >> welcome to our tesla showroom. sitse tesla showroom between lily pulitzer and nordstrom. they have done their research. they are folks were shopping at nordstrom's were pickin

business that is the spinoff old rolls-royce. -- of rolls-royce. it makes gas turbines as well. it is something that we think siemens wants and that strategy review. that is something for us to watch. and alstom shares as well. they begin trading today. >> thank you, david tweed in berlin. probably see mario this isacing -- political, isn't it? >> it is. north numbers.or german inflation improved, but below target. mandate to hit about two percent or just below. they are nowhere near it. should they do more, people are produced -- seduced by that. trombone --is that if you listen to mario draghi, the best case scenario is we get .ack toward the target areaq qe is not imminent. youpeople betting on qe, are betting that mario draghi will be wrong. >> there is news about europe's next round of stress tests and how they would work. debbie catching up with a ecb. that era beenrned 90% fall in stocks and north percent inflation. some of these basal be tested. some are not far off a couple of those. they are serious. banks are taking it seriously. things have spent on the ballot .heets

rolls-royce is constantly getting information from their engines back to their base in the uk, givingformation about how the engines are operating. the acar system does the same for the play soyuz they're low on fuel, the engine is overheating, they can give information back to the base so as soon as the get on the airport, they maintenance crews can be out there and turn that stuff around. so the information is already streaming. the question now is, do they want to put the money into these 777s to have the black boxes stream the information constantly so you would have everything, including the voice from the cockpit and the ament sound from the cockpit, and some say that could be a privacy concern involved when you're talking about communications back and forth. >> that's a concern. maybe they will just continue the merging of the airlines and then when there's only one left, then we'll be all about us, the passengers. >>> next we'll hear from an airline industry consultant who says he believes there's been a coverup. and not a small coverup. he says somebody is trying to save face

it is growing and we will show you the top foreign brands in china including rolls-royce.♪ >> the beijing auto show is well underway. stephen engle has taken luxury chart -- luxury cars for a test ride. class the same can hardly be said of today's chinese up and comers. credit tightening slowing economy be dammed, rolls-royce is predicting another record year in china. industry, to captains economic growth in china, it is important they see themselves reflected in the way we service them. qwest any growing economy will than theysable income are often well situated regardless. qwest i have tester than a few cars in my day, but never a rolls-royce era hope they are insured area class i have got the car to myself. theng in beijing is not for faint of heart, especially when $770,000 u.s.g a car. qwest this car is very much younger. younger customers, we have seen potentially around 15 sports car drivers, for aris, lamborghinis, and they are attractive for the first time. qwest beautiful. it picks up so quickly. i need one of these. just the foreign brands trying to capture thi

>> there is a big difference between bmw and rolls-royce. we have kept brand separation really clear. very few customers look at both brands together. the seven series has a pricing point up to 150,000 euros. the rolls-royce starts at 300,000 euros. >> will it be a record year? you had a great march globally. >> are cap -- our factories have been running at capacity. spartanburg is the biggest plant in the world. as well as some additional capacity in china, too. our first quarter, good results all around. china had another record. that not that long ago 100,000 in a year would have been a good result. we are on for our 2 million target. the world also has some volatility, so we will take it step-by-step and quarter by quarter. that is going to do it from the bmw booth. we will drive on to the next break. we will be talking to the ceo of harman international. they also make jbl. they get half of their revenue audiouto navigation and infotainment software. they are the dashboard infotainment software maker for luxury cars. we are talking to t

stone that is 13 carats, flawless, no imperfections, and to put it in layman's terms, this is the rolls-roycee diamonds. >> is there anything comparable to this impeller that exists? >> for something that is as dark but not as pure in color, the hope diamond. that is not for sale. if you want a blue diamond, come to christie's. >> he have to go to geneva. >> or call into geneva. you can be on the phone. >> the same thing for the white stone that looks like a diamond. >> the raja diamond. it was purchased in the 1800s by mr. morgan. towards 1880, tiffany purchased the diamond and sold it to isabella stewart gardner. christie's sold it for the first time for $2 million. it is back with us now and is going to be make more than $5 million. >> is there a way to determine what is going to be the fashion? we know about color diamonds. >> people have realized how much rarer they got, how rare are defined in large sizes. this education the market like we have seen the good temporary art market that has driven prices to a new level. >> let's talk about a pink diamond. this is one that is available. peo

we want representatives from boeing, inmarsat and rolls royce to come here to beijing to talk to us andestions. >> wow, fascinating. pauline chiou. thank you so much, pauline. >> the weather's been such a key part of this investigation all along. right now let's get a sense of what it looks like right now. indra petersons in the search zone. >> i mean, finally, take a look. again, the last several days have been really beautiful. you can actually see the search area completely clear and conditions only expected to stay this way. so, the news is really great. you can actually see high pressure building in, which means continued clear skies. that's the good news. yes, there is a chance for just a hint of rain, but when you talk about what we've seen over the last several weeks, this is pretty much nothing, very insignificant. just a light cloud kind of moving through here and there. maybe some winds could pick up. we're talking maybe about that 20-mile-per-hour range, but generally speaking, really, all the conditions so clear. there's really not much to speak of, and that's the best news

is that a rolls-royce? is that what that is?ce. >> of course it is, it's parked outside. >> the pug dog in that car, the whole thing. >> he's actually right down here, i brought him with me. >> a new rolls, a pickup, i can live with that. >> i think that would look really nice. >> me too. >> in white, my favorite. >> announcer: >> announcer: this is abc's "world news now" informing insomniacs for two decades. (tiffany) ask yourself what your children or cigarettes. for as long as i can remember, my mother smoked. she died from lung cancer when i was 16. i could not take the chance of continuing smoking and not being here for my daughter. i know how much i needed my mom still, and i didn't realize it until i had lost her. you can quit. for free help, call 1-800-quit-now. >>> making news in america this morning, a day for victory. boston prepares for an emotional morning as hundreds of thousands get ready to witness the city's strength and survival. we're live as preparations get under way for the 118th boston marathon. >>> plus,

luxury for the up-and-comers, austerity measures, credit tightening, slowing economy, be damned, rolls royce one is predicting another record year in china which last year surpassed the u.s. as luxury carmaker's biggest market. >> we're talking to industry entrepreneurs and basically the columns of the economic growth in china, that it is very important that they see themselves reflected in the way how we service them. >> in any growing economy, you're going to have people who have disposable income and oftentimes they -- they're well situated regardless what happens to the economy and if they choose to buy a car, they're going to do it. >> i've test driven a few cars in my day but never a rolls royce. again, i really hope they are insured. here we go. i've got the call all to myself. beijing driving is not for the faint of heart, especially when you're driving a $770,000 u.s. dollar car. >> this car is very much attracting very much younger customers and we went to a opening yesterday and we've seen potentially around 15 sports car drivers, ferrari, lamborghinis and are highly attracted for

maserati,our a, rolls-royce. this business is still a family affair.ssica howard reports. >> it has to bring a strong personality. car, itave a successful is 20 and you start again like it was the first. >> the patriarch and the chairman of the company that bears his name. he has extraordinarily big shoes to fill. never taking is for granted what has been done. batista inunded by 1930. a visionary inventor and invented a style amber and and a family. >> he may have. into a transformed it globally revered brand. he led the brand for 40 years and became known as the godfather of a tiny design. sergio was determined to change the perception of cars as merely functional and wanted people to love them. we are following this vision. it is not enough for us. >> some of the most beautiful ins were first imagined here the headquarters in the northwest of italy. rolls-royce and, for ari. >> the relationship with farah rate is by far the most important relation in the history. 1952. the model was named sergio after his father. a tribute in the best way that the c

they also said they would like to hear from a representative from rolls royce, the manufacturer of the engine. so, it will be interesting to see if these companies actually come forward and actually troy meet with some of the relatives. >> it will be, because essentially, they're asking for their own investigation. they are asking about, they want to do the work that they either think is not being revealed to them, or they want to check the work of this multinational group of investigators. really interesting. pauline chiou. thank you so much, pauline. >> of course, we're going to bring you the latest on the search for flight 370 all morning long, all the developments. >>> but first, happening right now, dramatic, intense testimony as oscar pistorius tries to explain why he shot and killed his girlfriend. the prosecution with new questions this morning, trying to corner pistorius. we'll tell you all about it. >>> also this morning, devastation on a california highway. a tour bus filled with high school students crashes. the bus bursts into flames. the very latest after the break. ñ >>>

let's talk about rolls-royce.mom and dad into this car because you're gonna be the most popular kind in school. it's the ghost ii. twin turn, v-12 under the hood. inside, the finest craftsmanship available. it's got picnic tables and it even has one-inch thick carpeting. about $275,000. and let's talk about an anniversary for mazda because it's the 25th birthday for the miata. the miata still is a very fun car to drive, a lot of zoom, zoom. very affordable and a rear-wheel drive car. really does fit the bill nicely. let's talk about muscle cars 'cause we're gonna talk about the dodge challenger. look at that. that is really old-school, isn't it? especially with that orange color. that's got over 470 horsepower to it. but if you need a four-door because, well, the family need to get in, you might want to have mom and dad think about the charger. still very cool. 300 horsepower. both these cars will go on sale in the third quarter. for "teen kids news," i'm doug brauner at the new york auto show. >> that's our show

i've been to germany began the production of vehicles the company also owns the brand's mini and rolls royce. well evelyn japan has reached its lowest level since two thousand seven decreasing to three point six percent has received its report saying the issue because the government's consumer prices have risen in the brief for the ninth consecutive month in a row its. the aye aye aye. going . i know. sure or scolding the book is a rusty so uber rock show. two of the markham site has been his director since two thousand and six still makes show up all the students arrive on time with liz i still get to it one last ditch bid to show get it or not he is the issue the local cpa which to distribute the little one up on it. gonna start as a scene that improvements in its educational services before the fall of the top by two thousand won only fifty thousand so when needed children's court where carriers. this is international intervention beginners reason to eight million including premium goes up. but with five million children still out of school stuff from government is working hard to provide

reporter: and steve also told me the families really are calling for boeing and inmarsat and even rolls royce, maker of the engines, to send representatives here to page because the technical team from malaysia can't answer all those questions. they want to ask the companies directly some of their concerns and some of their questions so they can really try to understand what has happened with this plane. now we heard from aaron mexican laugh lynn earlier in the newscast from perth saying that australia's prime minister, tony abbott, is here in china. he's on a very through asia. and he spoke with reporters in shanghai and spoke out at a luncheon. he acknowledged the bond between the two countries as they are involved in the search and also the citizens involved. of course, 154 chinese citizens were on this plane. six australians were also on the plane. two of them were beige -- were beijing residents. and there will be a meeting in three hours they'll be updating and we'll see what comes out of the meeting to see if there's new information. >> i've been following it very closely. thank you, p

maserati, bmw, rolls-royce and of course for ari. >> the relationship with ferrari is by far the mostnt relation in the history of toinfarina. it dates back 1952. it is 62 years from now. >> this model was named sergio after paulos father. company.a very special it is a family business. the history of the family is the history of the company. there.le story "theohnson is up next with pulse." they will be talking about nestle and the latest from the ukraine. stay tuned. ♪ crux ukraine defends its economy. it is hikes threats. girl power. italy nominates three women to chair some of its biggest companies. on titan aerospace classead the internet. goes on sale for one day only in the u.s.. sale for one on day only in the u.s. francine lacqua is off today. whenever he for you?

. >> rolls-royce confirms that it is in talks to sell power ratin -- powergenerating assets to siemens comes as siemens works on a bid for alstom's assets as europe's largest engineering companies reshape. the u.k. clothing retailer next raised a sales and profit forecast after posting first quarter results that beat estimates. 5.5%sees sales rising from to 9%. coming up, bloomberg takes you inside fendi. francine lacqua shows us how the luxury bag maker perfected its craft and plans to edge out the business. all this at its london flagship store. you don't want to miss that special with francine. ♪ you are welcome back to "on the move." i am manus cranny and london. one stock dominating the headlines is alstom. -- bloomberg broke the story that ge would pursue a takeover. alstom has approved official talks with ge. jeff immelt is having political discussions. openm has left the door for siemens to make a bid. siemens wants access to the data. it is an hour into the trading day. equity markets are a little bit lower despite all the news that we have on deals. playing a little bit more

the rolls royce of chickens. inside a pig's bladder and steamed until tender. >> the idea is to concentrate the flavor of the truffle inside the bladder. the dish they choose, it's always in reference to a chef of the past. and this was a dish they were doing. >> the at times brutal world of the kitchen looks much of the time like a boys' club but where did they come from? if we track back a bit to where it all began for lyon and for many of the chefs whose names we now know and look up to, it all goes back to here. la mer brass erie, the godmother, the original master. teacher, chef, force. two restaurants with three michelin stars. an achievement no one, male or female, had attained and for many years, lyon's most famous chef. her influence runs right through every kitchen that's come since and her graduates carry on her recipes and her traditions. this was one of hers, a signature. >> for the next hour, you keep putting it like this. the most miserable thing is when the bladder explodes. >> that's never a good

in motors, the new rolls-royce ghost rolls into new york, where it still has an umbrella in the door., paul krugman talks income inequality and jobs. there's still something left over for a list of things that makes him very angry. in company, earnings-palooza. the good, the bad and the ugly of earnings season. turning a penniless nonprofit in s

. >> we are driving in his rolls royce. he made money through coal mining.a goat header. he persevered against all odds. he now holds a phd in chemistry. looking back, could he have managed to achieve this before the democracy? >> i do not believe i would have been able to reach the pin kal of my achievements. there were times growing up i had no home to call mine. sleeping outside like you see today. >> reporter: observers say south africa's democracy has the greatest asset, it's people. >> no matter how educated you were, you were not allowed certain jobs. in 20 years we have achieved by way of structure what a lot of nations take hundreds of years to develop. it's really accelerated. >> it would have been unthinkable to see this, a young black couple house hunting here in a former white only suburb. they're proud of achievements but also feel guilty for those they left behind. >> i've got cousins that go to the same school my father went to and didn't have the option or opportunity to go to the school i went to. it definitely does bring about its own set

the rolls royce, doug is going to tell us. a new nissan murano.king out at the javits center. with a smart phone. >> do you know a good place to get breakfast around here? >> yeah. evergreen diner. >> we'll be back. >> this is what happens when we lose our satellites elisabeth and brian take over. we hope to have doug later on. remember when harry reid took a shot at mitt romney and said mitt romney hadn't paid taxes in a decade? well, romney is getting the last laugh. >>> top democrats called her a liar for speaking out a government that uses its power against its own people. >> but this morning her testimony has new meaning as a key democrat gets roped into scandal. she is here to react next. be right back. ♪ ♪ [ male announcer ] your eyes. even 10 miles away... they can see the light of a single candle. look after them with centrum silver. multivitamins for your eyes, heart and brain. centrum silver. for the most amazing parts of you. sfuel reward card is really what makes it like two deals in one. salesperson #2: actually, getting a great car

and meanwhile, siemens has been working with rolls-royce to acquire their oil and gas compression turbine business. that is supposed to be announced, i believe, next week on their earnings on may 7th. there's a lot of moving parts here. >> to the extent that ge can come back, politically, what would they have to do to make this more attractive or attractive at all to get it across the goal line and now beat this situation? >> well, i would say right now when you go through these gate keepers and the french government, i think ge will likely end up being okay. they are a larger employer at 10,000 versus 7,000 siemens employees. they help run the most successful and profitable joint venture in the world. siemens has been indicated to be quite solid. with the eu antitrust commission, it's likely to be very different. ge has proven to be okay. in siemens case it's uncertain, given the 70% combined gas and fossil base load power generation installed base they have in europe. in the banks and credit agencies, siemens was recently indicated by one of the rating agencies, if they spend a billion

other agencies in the world who might be able to help in these circumstances, including boeing, rolls-royce, everybody who might be able to help us and malaysia in particular, determine what might have happened here. so you know, there's no problem with the supply of information and ladies and gentlemen, i just will tell you, we are giving you everything that we have available. and we will continue to do so. you have my commitment to that. we will engage you with regular briefings, as long as this search continues and indeed if we find something beyond that. because clearly it's very important that we all know what's going on. so with those words, i will leave you to it and if anybody wants to engage captain tthews, i must insist it be one on one. you should see andrea and she will arrange it for you. thank you very much. >> you heard angus houston. the search for the black box has begun. he said, we are committed to this. as long as it takes, we are committed to the search and to finding something. he also said they haven't searched every single area, and there's still a possibility that s

like the rolls royce trent engine uses a very specific kind of oil. it is not even widely used among other aircraft engines. but the nice thing about this is i heard that malaysia sent a sample of the engine oil from what they use in that aircraft. so what that means is, not just that took it off the shelf, that means there is constant monitoring on the engine. >> so so they have an actual sample. >> it depends on the consistency, if it was all one area and they get a good sample you can actually tell the aging of the oil, how long it has been in the engine, the carbon, there is a lot they can learn from that. >> let's hope against hope it was positive. this is 370 oil, what does it mean three days after a typhoon in the area, in terms of location? >> yeah, it helps because 40 days later, when they picked it up it was almost 40 days that there is still oil escapes from whatever is down below. for example, i was just at an air crash investigators conference down in cape canaveral. and they have the wreckage from one of the space shuttles and they still

>> well, the engines on these rolls royce engines have 20 quarts a side. but you don't need much in a jet engine. it could be slowly dripping up to the surface. they're saying an oil slick. i wonder if it is just a fluid slick. it could be hydraulics. >> it's not something necessarily that would have been on the surface from the plane hitting the water. it could be coming up from the bottom. >> right. >> the arizona in pearl harbor is still leaking to this day almost 75 years later. >> this is a synthetic oil as well. it's different than a standard oil. but nonetheless it's lighter, yet, than the water is. >> but certainly if that was the case and a question of bubbling up, it would give you a relatively clear sense of locate, wouldn't it? >> there are currents going in every direction but it's it would be close. it would be nearby, for sure. >> the other issue on the -- the possibility of this cell phone -- i don't know why i'm blanking on this. the cell phone pinging. does it surprise you to hear that? >> what surprises me is that we only got one. i'm no

the limousine type o vehicle answer to the rolls-royce first made under the direction.hole lot of money, the troubled retailer now look to trade in your old iphone for us for the newer 5s model which is currently the best apple phone you can get your hands on. they will let you do it for no cost at all. some suspect radioshack could be keening out the inventory due to a lack of interest. another postponement of the keystone xl pipeline. it will delay making a recommendation until questions of the route are approved. now the decision goes to the state supreme court for lincoln, nebraska. the pause button has been hit on this. a fox news exhibitor, steve moore. are you shocked? >> i should not be shocked. what has been overlooked, the tactical reasons they have been delayed hitting the pause button as you correctly pointed out was because of the nebraska situation. if you read the text, he said we cannot approve this because we don't know what is happening in this pollution. that is the real agenda here, melissa, this administration is so captive to these environmentalist

the ntsb, from the other accident investigation teams, from royals royce and he mistakenly said rolls royceay handshakes from the satellite. there's discrepancies with some things. what jeff thomas said, i very much appreciate the fact that could be a ship. and why wasn't this information looked at then? i think that investigative team with those experts minds would have said not so much. >> jeffrey thomas, susan meyer asks, why not explore this new development? it's no more farfetched than other search hypothesis in the past 45 days. >> well, look, absolutely if someone wants to go have a look. we keep getting back to the fact that this team of experts, we're talking about not just malaysians, united states, australia, china, some of the best minds in the world working at light and technology folks as well who are absolutely convinced that the southern arc is the area. certainly go and have a look if they like. but they say no. they say it's not there. >> this audio which was finally release bid the malaysians, in any way does it change the investigation or give us any hint as to what migh

either engine oil from the two rolls royce engines. each engine has about 20 liters of oil in it or it could be a hydraulic fluid. again, so either one of those would be a very telltale sign that we had in fact found the airplane. that's what they're looking for. they're looking for some shred, some little piece that says we are absolutely certain that the plane is where we believe it to be. >> i spoke with an oceanographer in western australia. he doubted this oil slick had any relation to nh 370. what is the likelihood that there is any link at all? >> it could be. i've been talking to some officials as well and they're saying, yes, it is quite possible that it is. it could be a very, very slow leak of oil. we still see a leak from the arizona every day and we know how long ago that was destroyed. so it is very possible this is a very slow leak coming from the aircraft. and of course at the same time we have to acknowledge it could come from a passing ship so there are a variety of scenarios obviously. >> and it wasn't long ago that

>> the engines on these rolls royce engines they have about 20 quartz a side. could it be slowly dripping up to the surface. they are saying an oil slick. i'm wonder if it's some sort of fluid slick. could be hydraulics. these gentlemen can answer better. >> it's interesting, it's not something necessarily that would have been on the surface from the plane actually hitting the water it could be coming up from the bottom. >> yeah. the arizona in pearl harbor is still leak being today 75 years later. >> this is a synthetic oil as well. it's something little bit different than standard oil. but nonetheless it's lighter yet than the water is. >> certainly if that was the case, if it was a question of bubbling up it would give you a relatively clear sense of location, wouldn't it? >> not necessarily because it has to go through a lot -- >> there's currents going in every different direction. but close. nearby. >> the other issue on the possibility of this cell phone ping, does that surprise you to hear that? what does it tell you >> what surprises me is we only got

if it was sent to all these experts, the ntsb, rolls-royce, boeing, you can go on down the list. >> right this information and said not so much. and we would like our inmarsat data. i'm sure this was not done in a vacuum. and none of this matches up with any of the handshake situation. it makes no sense to me. >> it is incredible, jeff, the reliance on the inmarsat data. it may end up completely vindicated. no one came up with anything better. everyone who seems to be involved in this buys into it. we've never been given the fullbackup to where this data comes from. all we know is it's an unprecedented use of technology. >> about mar sat pings, absolutely. last night the malaysians did release to the families a chart that showed what looked like ping distances, which is a piece of the puzzle that we've really been hankering for. it was very fuzzy. >> or handshakes from the plane to the satellite, those connections. >> which could be a huge piece of the puzzle. butz but it's hard to know what you're looking at. >> i don't believe they said anything with reference to a dead-end, i don't thi

and amongst that group are the ntsb, faa, the waip, rolls royce, boeing, the malaysians. inmarsat.iles would like them to release the documents upon which they are refining the search. maybe there's a call for that to give more information. because what they appear to be doing is moving this box around and not really explaining why. so they have to explain why to us. that's an interesting question. >> david gallo, i want to bring you in here. as they're moving these assets around and changing the search area, now they have the towed pinger locater out there. how confident are you that the batteries in the black box are even still working, even still pinging? >> that's anyone's guess, john. here's the thing about that. going over an area and not hearing the pinger doesn't mean that the aircraft is not there. the tpl is useful if you do hear something. if you don't hear something not that useful. i think at this point, knowing where the plane isn't is important information, too. and the tpl won't exclude any place. >> doesn't really narrow it down very much then necessarily. mary --

and amongst that group are the ntsb, faa, the waip, rolls royce, boeing, the malaysians.he experts. inmarsat. miles would like them to release the documents upon which they are refining the search. maybe there's a call for that to give more information. because what they appear to be doing is moving this box around and not really explaining why. do they have to explain why to us? that's an interesting question. >> david gallo, i want to bring you in here. as they're moving these assets around and changing the search area, now they have the towed pinger locater out there. how confident are you that the batteries in the black box are even still working, even still pinging? >> that's anyone's guess, john. here's the thing about that. going over an area and not hearing the pinger doesn't mean that the aircraft is not there. the tpl is useful if you do hear something. if you don't hear something not that useful. i think at this point, knowing where the plane isn't is important information, too. and the tpl won't exclude any place. >> doesn't really narrow it down very much the

always thought if you don't have the evidence and you can't specifically blame one entity, say, rolls-roycer boeing or malaysian airlines or the malaysian government. if you can't pinpoint the blame, the best defense is for all of the parties to blame each other. is that the same here? >> of course, that's very, very true. i think what's astonishing here, these lawyers, lawyers that are trying to hard to sign up clients, that even though they don't know what caused the accident, they're filing lawsuits. this chicago law firm that jean was just talking about, actually filed a lawsuit in chicago against presumably boeing and other entities, because it's a boeing plane. but we don't know if it was -- there was a defect in the plane. we know nothing how the accident happened. >> but smacked down by a judge not because they were heartless. they got smacked down because of a technicality. >> well, yes. and i think the bigger issue is, you can't sue somebody just because they made an airplane. you have to prove negligence. >> don't you also have to prove the jurisdiction, mel? i don't understand a

we have the luxury players, rolls-royce says 2014 will be another record year for its ultraluxury sedans, if you want to call them that. it is a market that is setting new markets -- new records each year. the market here, china -- by the way, the world's number one car market -- it will be up 11% overall, including all vehicles to 24.3 million vehicles this year. 13%enger vehicles will rise to about 18 million. that puts it again ahead of the united states which is on track for about 16 million or thereabouts. i want to bring up some video as well of the vw chairman and ceo martin winterkorn who is predicting big things again for volkswagen. toy overtook gm last year regain the top spot for the foreign automakers in china after eight years in a row of coming in second to gm. he says they will grow again in double digits in this market. the video you are seeing here, he is touring. -- bring bmw that is rivaling luxury sedans. so they are trading trade secrets here at the tradeshow. let's listen to martin winterkorn, chairman and ceo of volkswagen. >> we are confident because we have see

in motors, the new rolls-royce ghost rolls into new york, where it still has a number a lot in the doorty and jobs. there's still something left over for a list of things that makes him very angry. the good, the bad and the ugly of earning season.

you've got rolls royce, the manufacture who made the engines on the plane.nce of engines. i had pilots tell me they were fly along and got a message from the dispatcher saying you're going to have a problem in five minutes with your engine because it's monitored. this is not in case someone steals the plane. they want to know how it's performing. >> issues there obviously cost right? >> we've heard about acars. there's different levels depending on how much money you want to spend. when we lost 447 they were getting minute by minute updates. malaysian was getting every half hour. it's cheaper. >> the other idea is real time data streaming. again, some of this technology is being sent right now in bits and bites, not continuous right? >> right. the problem once you're over the ocean, you're no longer in range of ground based radio transmitters. then you have to go to satellite. it was equipped for that. unfortunately acars had been turned off or failed. we can imagine the situation in which this data is automatically transmitted. there were automatic pings we

natural occurrences of that, but that is a metal very specific to that engine, to both of those rolls-roycehe assumptions and confidence factors in both the inmarsat data up in malaysia. >> something you believe should be investigated. when you say "shakes the bedrock" do you believe this could be more reliable than the analysis done on the pings, done over all of those days and by all those experts? >> i'm torn between this, chris. remember, we're talking about probabilities and confidence factors in each of these events. so my confidence factor in the pings was extremely high, because i've seen no contradictory evidence or any any other proof what could create those pings. my confidence factor was high in that, until think data. now this data, it's been split 50%. the bedrock of eve mooneyn thou assumptions from before, on this credible data. >> we'll let you know as we find out. thank you for the background of the company and how this could be possible. thank you both. >>> we're going to take a break. coming up next on "new day," monitoring breaking news out of georgia with reports of an

according to court documents so he didn't go bust like mike tyson did blowing it on champagne and rolls royces and cars and houses for various wimmin and stuff and friends he lost sixty three million of it on puerto rican bombs in bond market or missed bond markets or state bonds response these are bonds that are considered to be double a rated they're considered to be the rock solid foundation of our portfolio he wasn't extravagantly blowing his money on bling or taking flyers on nasdaq he was buying bonds municipal bonds and he got wiped out anyway and this speaks to a wider trend in the global economy is that there are no more aaa credits or the very future play credits and they're shrinking every year the new single a is the new aaa which is a common refrain but what this means is that the banking system that's built on a fractional reserve model on top of what are supposed to be aaa rated credits is becoming less and less stable so that junk bonds are not considered a raided and there is no a aaa anymore really and as you go forward the foundations of the of the global ponzi scheme sittin