i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> the green back continues to be the story. the strength of the u.s. dollar expected to dominate trade as it rises to levels not seen since 2003. but the euro rising against the dollar for the first time in two weeks. >> still stressed out. bank of america trading lower after the fed gives it only conditional approval for its capital plans. some fail the tests all together. >> volkswagen moves full speed ahead in china. plans to boost production after posting a record year for profits. we heard exclusively from the ceo and chairman. >> two police officers have been shot during proterss outside the police department at ferguson missouri. this is following a report citing widespread racism in the force. >> welcome to the show. let's bring you breaking headlines coming out of volkswagen. they announced that 2014 profit hit a record high of 17.9 billion euros. they also said they plan to increase china annual production to 5 million vehicles

you're watching worldwide exchange i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> the dollar rebounds despite tensions in yemen. >> the instability helps push u.s. stocks into negative territory for the fourth straight sessions but futures point to a higher open today. >> amazon goes shopping. the e-commerce giant is in talks for its biggest acquisition yet. >> yahoo! shares move higher after the board approves a $2 billion stock buy back. this as it prepares to spin off it's stake in alibaba. >>> what a weekend itsz been's been for markets. yesterday we did see it strengthen against the euro. a lot of focus for yemen as well. a lot to digest. >> that's been one factor but if we look over the last four weeks last week was the first week of gains for u.s. equities. we thought that might be the turn around and this week once again very volatile and negative for u.s. markets. >> it was one of the biggest underperformers this week. a lot of that having to do with bio tech. a little bit of a rebound yesterday. let's take

i'm seema mody here in barcelona.bate what the next tech gadget will be we have been also watching the nasdaq. the tech heavy index which did break 5,000 earlier this week. the first time in 15 years. a lot of focus on the out performance of technology shares. the focus on apple as well. it played a major role in the rally we have seen and technology shares hitting an all time high earlier this week. what are international leaders saying about the nasdaq a5-k. hear what they told us here at mobile world congress. >> i do think there might be some companies that could be best in one particular thing that could be overvalued but then you say to yourself there's not a lot of those growth options in the market and maybe they have overinvested in those. they also rationalize themselves out over time. >> i think it's totally realistic to think that some day we're going to have a nasdaq 10,000. so i don't think the bubble is nasdaq 5,000. we're at the beginning of something bigger than anything we have ever seen with the wor

i'm seema mody. >> i'm wilfred frost. here are are your headlines from around the world. >> the price of oil spikes higher after air strikes on yemen. they call the operation u.s. backed aggression. >> they agree to pay $235 million for violating u.s. sanctions in iran and sudan capping a six year investigation. >> global markets in the red. the biggest loss in ten weeks aztec shares sell off. this after the nasdaq has its worst day in nearly a year. >> media reports surveillance quest one of the pilots on the crashed german wing's plane may have been locked out of the cockpit during the aircraft's descent. >>> welcome everyone to the show. if you're just waking up and looking at your portfolio yesterday was a rough day on wall street and what made yesterday's price action particularly interesting was we did see a rebound in oil prices but despite the out performance in energy shares stocks fell across the board. the dow down about 1.6%. the s&p 500 still holding on to the psychological level. but nasdaq biotech shares mo

i'm seema mody. >> i'm wilfred frost. >> the federally fizzled. a mixed open after a late rally on wall street yesterday but european markets push higher with the ftse 100 hitting a fresh record high. >> the dollar fights back after pushing it's biggest day fall in 18 months yesterday. today's move puts oil back on the slide with wti hovering around $43. >> target agrees to a $10 million settlement for last year's credit card data breach. this amid reports they're following in wall street's footsteps with a minimum wage hike. >> the sec paves the way to vote on a potential spin off. >>> and welcome to worldwide exchange. the fed did it again. removing the word patient but saying the rate rise would not come as likely. the nasdaq composite breaking 5,000 briefly in yesterday's session. let's take a look at u.s. futures right now. they are pointing to a lower open despite the rally that we saw yesterday so it does seem like there's a little bit of nervousness in the market. investors still trying to assess what that fed statement means for global ma

the real man to watch may be the finance minister and our seema mody had a chance to talk with him. eema? >> hey, sara. if you follow modi's moves closely, you'll find it's his right-hand man who is tasked with transforming into the business trustworthy nation that mow mody has been addressed. he discussed whether it's too high. >> it's better than you and me and therefore investors when they assess the steps which have been taken, there are more realistic missions of the market. >> but some investors are concerned india's markets have run up. they say at one point valuation will be a concern especially if they don't show signs of improvement but the bulls continue to show signs of positive. i was told the cost savings associated with lower oil prices has been used to fund infrastructure projects. if prices continue to fall that will give the government additional capital to allocate toward rye building the country. just today they got the endorsement from christina lagarde that it's the bright spot. >> thank you very much. mass protests in the streets against the leader. michelle ca

i'm seema modi. >> i'm wilfred frost. the u.s. dollar on a tear ahead of the u.s.ectations of other month of gains above 200,000. but could bad weather put a damper on february's jobs number. >> the results are in. all 31 u.s. banks passed the first round of fed stress tests but goldman sacks and morgan stanley fair the worst under a severe crisis scenario. >> apple pay gets hit by fraud. criminals are using relatively low tech methods to take advantage of the mobile payment system. >> another major incident on the rails. a rain carrying crude oil derails in illinois with several cars catching on fire. you're watching worldwide exchange. bringing you business news from around the globe. >> welcome to the show. u.s. stocks did end the day higher. right now futures pointing to a lower open ahead of the highly anticipated jobs report. of course this is one of the most important pieces of data watched by the fed and for that reason the market will be watching today's number very closely. economists are also watching the employment report for a potential increase in wag

. >> hi everyone i'm seema mody live from barcelona and it's all about the survival of the fittest. we have coming up on the show ceo of blackberry, john chen talking about how he plans to keep the company relevant as it shifts focus from hardware to software. plus the cofounder of htc joining me in around 30 minutes to talk about the latest flagship smartphone and the move into virtual reality hardware. where will the next google or facebook come from? europe? i'll be getting more from phillipe. >>> you're watching worldwide exchange. bringing you business news from around the globe. >> hi everybody. officially good morning. welcome to two hours we have together. we have a lot going on. >> we do indeed. >> good to be back on the show. >> lots of coverage coming. we're manning the fort here. >> exactly. there's a lot taking place this weekend. of course it's march. can you believe it. >> time flies. >> yeah and now we're in marchand it says here it's roaring in like a lion in the u.s. markets which it is indeed. yesterday's rally helping the nasdaq to lose above 5,000 for the first

. >> hi, everyone i'm seema mody and here are your headlines from around the world. >> european equity markets among the best performers thanks to the qe boost. in asia the shanghai leads the the way. >> that's right. down to the wire. hours to go for iran and world powers to workout a deal on the nuclear program. in return lifting sanctions. oil trades lower as the u.s. says there's a 50/50 chance of an agreement. >> the same uncertainty hangs over greek negotiations. the prime minister says he won't make an unconditional agreement with international creditors as germany says it's still waiting to see a comprehensive reforms list. >> kingfisher does some home improvement. the retailer closes it's diy stores in the u.k. as profits fall and scraps plans to merge where it's french rival sending shares higher. >> good morning and welcome to the show. we just got the numbers from italy in the form of february jobless numbers. they edged up to 7.7% in terms of the jobless rate and unemployment rising as well. data out of germany this morning. >> absolutely. german jobless claims. let's look

. >> i'm seema mody. next up is squawk box.end but for our european viewers we'll bring you russian coverage. >>> good morning. the zap and dow trying to avoid a third straight weekly drop. and a labor deal in a refinery strike likely coming to a close as oil workers appear to have reached a tentative labor back with shell and questions for bill ackman. federal prosecutors are interviewing people tied to the investor all part of a probe of a potential manipulation of herbalife stock. it's friday 13th 2015 and squawk box begins right now. >>> live from new york where business never sleeps this is squawk box. >> good morning, everybody. welcome to squawk box here on cnbc. i'm becky quick with joe kernen and andrew ross sorkin. this is the second of three we'll have in 2013. the next one comes in november. what's in store for superstitious traders? our team has been crunching the numbers. going back to 1980 there have been five friday 13th in marchand they have not been good ones for the dow or s&p. those indexes turning up positi

. >> i'm seema mody. next up is squawk box. >>> good morning, the brazilian company that co-owns heinz in talks to buy kraft in a price tag that could top $40 billion. and too close for comfort, new questions about google's access to high ranking white house officials during an anti-trust probe of the search giant. and forbes set to unveil it's annual list of the world's best technology investors. we'll tell you who tops the list and who missed the cut this year. it's wednesday march 25th 2015 and squawk box begins right now. >> live from new york where business never sleeps, this is squawk box. >> good morning and welcome. andrew has details on the deal for craft. >> we are waiting for the deal to cross the tape. we do believe a deal was reached. sources are telling us a transaction has been reached between kraft and heinz. warren buffet and 3g putting the companies together -- it's crossing the tape right now. let me explain what's happening here. we're going to have a transaction where heinz becomes a

i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> get ready for a lift off. the latest official voices support for a rate hike this year. this after they both say the u.s. economy is strong enough to warrant a move. >> chinese manufacturing activity falls to the lowest level in nearly a year fuelling on srns of a slow down. asia markets pair losses at a close. >> chesapeake energy is the latest to slash production in the wake of weaker oil prices but carl icahn raises his stake on the energy giant. >> the site twitch may have been a victim of a hack. although credit and debit card numbers are not thought to have been effected. >>> and we're just getting euro zone pmis coming out. the comp sit number coming in at 54.1. that's the highest level since may. since may 2011. 54.1. that came in against expectations of 51.5 and against the previous reading of 53 -- sorry the expectations of 53.5. the previous reading of 53.3. also the manufacturing number 51.9. that's shiethlightly above fore

i'm seema mody. >> i'm wilfred frost. here are your headlines from around the world. >> global markets tread water with investors expecting the central bank to drop the word patience from its statement indicating the first rate hike in a decade is on the way. >> benjamin netanyahu is set to become israel's longest serving prime minister after his party is victorious in the election. >> alibaba on edge after a lockup period expires allowing shareholders to sell more than 300 million shares. >> oracle profits drop but shares rise after hours after the data-based if i recall hikes it's dividend by 25%. welcome to the show. we're just getting some breaking news on 10 cents earnings. of course this is the chinese internet social media company. it says market competition has remained intense over the full year. the net profit has come in at 23.8 billion rmb versus 15.5 billion a year ago so a significant growth level there. rev muy was 78.9 billion cut last year. it was 60.44 there. recommended final dividend payment has come i

i'm seema mody. >> it's friday. >> u.s. futures pointing to a higher open after a mixed session on wall street. the dollar set to close higher. >> they agree new terms to bring the merger back from the brink. >> amazon is given the green light to test drones outdoors but questions remain over whether it's delivery service can take-off amid concerns over safety. >> million of people are witnessing the solar he clipgseclipse of the decade. live pictures throughout the show. >> welcome everyone. hope you're having a great start to your day. it's friday. as we look back at the week it was the fed and janet yellen that became the big focus for the market but we still seem to be a little bit confused about whether that rate hike will come in june or october. >> not only are we confused about when the rate hike will come but the size of the market moves we've seen off the back of confusion has been extraordinary. wednesday afternoon huge moves for risk assets upwards and thursday big corrections in that direction. >> that's a tren

i'm seema mody. >> i'm wilfred frost.lobal markets tread water with investors expecting the central bank to drop the word patience from its statement indicating the first rate hike in a decade is on the way. >> benjamin netanyahu is set to become israel's longest serving prime minister after his party is victorious in the election. >> alibaba on edge after a

i'm seema mody. >> i'm wilfred frost. >> the federally fizzled.xed open after a late rally on wall street yesterday but european markets push higher with the ftse 100 hitting a fresh record high. >> the dollar fights back after pushing it's biggest day fall in 18 months yesterday. today's move puts oil back on the slide with wti hovering around $43. >> target agrees to a $10 million settlement for

i'm seema mody. >> it's friday. >> u.s.s pointing to a higher open after a mixed session on wall street. the dollar set to close higher. >> they agree new terms to bring the merger back from the brink. >> amazon is given the green light to test drones outdoors but questions remain over he

seema mody has been hobnobbing with tech ceos. pretty bright mood over there? >> hi scott and kelly. yeah listen nasdaq 5k grabbing headlines not just in the u.s. but here in europe as well. some of the international leaders i have been speaking to say the nasdaq is in some ways used as a barometer to measure general interest in tech. when you're looking at the nasdaq trading at the 15-year high breaking 5,000 this morning, leaders saying that indicates this growing appetite for tech and that has a positive impact scott and kelly, on european tech companies as it makes it easier to raise funds as they can point to some of the success stories like facebook and apple, but the bigger concern the bigger question is does nationalsdaq breaking 5,000 mean we're in a tech bubble. bill mcdermott this morning said no. the former ceo of apple told me we're headed much higher. >> i think it's totally realistic to think that some day we're going to have a nasdaq 10,000. so i don't think the bubble is nasdaq 5,000. i think we're just at the beginning of something even bigger

. >> i'll have to join seema mody. >> you're a fan of france yourself. >> i can't wait to go. >> i love> skiing the alps. >> i'm kidding around. people know that. but they still get mad. >> we're out of time but when we come back we'll talk about life in the fast line. the ceo is joining us from the geneva auto show when squawk returns in just a moment. in new york state, we're reinventing how we do business so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit ny.gov/business >>> welcome back everybody. a multibillion dollar deal involving citi group just out. they're selling to spring leaf for $2.5 billion. they'll be the largest sub prime leader in the united states. citi group up by 51 cent. >> is that on that card? >> no i